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STAT!MKFT TOR THE PRESS Released for publication Monday m o r n i n g , D e c . 6; not e a r l i e r . st. 1617 Federal Reserve Board, December 4 , 1 9 2 0 . CONDITION OF MEMBER BANKS IN LEADING CITIES S u b s t a n t i a l r e d u c t i o n s i n Government a n ! o t h e r demand d e p o s i t s , accompanied by i n c r e a s e d borrowings from the F e d e r a l R e s e r v e Banks, a l s o b y l i q u i d a t i o n of T r e a s u r y c e r t i f i c a t e s a n d c o m m e r c i a l l o a n s , are i n d i c a t e d i n t h e F e d e r a l R e s e r v e Board1 s weekly c o n s o l i d a t e d s t a t e ment of c o n d i t i o n on November 26 of 82^- member o a n k s i n l e a d i n g c i t i e s « R e s e r v e b a l a n c e s of t h e r e p o r t i n g i n s t i t u t i o n s l i K e w i s e show a s u b s t a n t i a l decline* H o l d i n g s of L i b e r t y b o n d s a n d V i c t o r y n o t e s show o n l y n o m i n a l c h a n g e s , w h i l e t h o s e of T r e a s u r y c e r t i f i c a t e s d e c l i n e d d u r i n g t h e week by 32» 2 m i l l i o n s . L o a n s s e c u r e d b y Government o b l i g a t i o n s i n c r e a s e d by 1 1 , 8 m i l l i o n s , l o a n s s e c u r e d by s t o c k s a n d b o n d s i n c r e a s e d b y 0 , 8 m i l l i o n $ w h i l e a l l o t h e r l o a n s a n d i n v e s t m e n t s , composed l a r g e l y of c o m m e r c i a l l o a n s a n d d i s c o u n t s , show a r e d u c t i o n of 4 0 , 2 m i l l i o n s . Member banks i n New York C i t y r e p o r t a s l i g h t i n c r e a s e i n h o l d i n g s of G o v e r n m e n t war s e c u r i t i e s , a r e d u c t i o n of 26*1 m i l l i o n s i n t h o s e of T r e a s u r y c e r t i f i c a t e s , i n c r e a s e s of 3 a n d 32 m i l l i o n s , r e s p e c t i v e l y , i n l o a n s s u p p o r t e d b y Government a n d c o r p o r a t e & s e c u r i t i e s a n d n e t l i q u i d a t i o n of 23*7 m i l l i o n s i n o t h e r l o a n s and i n v e s t m e n t s . The r e s u l t of t h e above c h a n g e s i s s e e n i n a d e c l i n e of t o t a l l o a n s ^ a n d i n v e s t m e n t s b y 6 l *6 m i l l i o n s f o r a l l r e p o r t i n g o a n k s .and of 1 3 * ° m i l l i o n s f o r t h e member b a n k s i n New York C i t y , Accommodation of a l l r e p o r t i n g b a n k s a t t h e F e d e r a l R e s e r v e B a n k s , a s shown on t h e b o o k s of t h e l a t t e r , i n c r e a s e d f r o m 2 , 1 1 9 *3 t o 2 , 1 7 3 * 7 m i l l i o n s , o r f r o m 12*6 t o a b o u t 13 p e r c e n t of t h e b a n k s 1 a g g r e g a t e l o a n s a n d i n v e s t m e n t s , Accommodation of t h e New York C i t y b a n k s a t t h e l o c a l F e d e r a l R e s e r v e Bank shows a r e d u c t i o n f r o m 8 0 6 , 1 t o 803*2 m i l l i o n s , t h e r a t i o of a c c o m m o d a t i o n c o n t i n u i n g u n c h a n g e d a t 1 ^ * 5 P e r cent. N e t w i t h d r a w a l s of Government f u n d s a m o u n t e d t o 8 5 , 4 m i l l i o n s for t h e w e e k , o t h e r demand d e p o s i t s ( n e t ) show an e v e n l a r g e r r e d u c t i o n of 100• 2 m i l l i o n s , w h i l e t i m e d e p o s i t s i n c r e a s e d b y 25 *1 m i l l i o n s . The New York C i t y b a n k s r e p o r t r e d u c t i o n s of 3&«2 m i l l i o n s i n Government d e p o s i t s a n d of 1*9 m i l l i o n s i n t i m e d e p o s i t s , w h i l e o t h e r demand d e p o s i t s due t o a s u b s t a n t i a l i n c r e a s e i n b a n k b a l a n c e s , w e r e 6 , 8 m i l l i o n s l a r g e r • t h a n on t h e p r e v i o u s F r i d a y , R e s e r v e b a l a n c e s of t h e r e p o r t i n g b a n k s , i n c o n n e c t i o n w i t h t h e l a r g e r e d u c t i o n s i n d e p o s i t s , show a d e c l i n e f o r t h e week of 5 7 *1 m i l l i o n s w h i l e c a s h i n v a u l t d e c l i n e d n e a r l y 10 m i l l i o n s , F o r t h e New York b a n k s a r e d u c t i o n of 27*7 m i l l i o n s i n r e s e r v e b a l a n c e s a n d an i n c r e a s e of b m i l l i o n s i n c a s h h o l d i n g s a r e shown- R e l e a s e d f o r p u b l i c a t i o n Monday m o r n i n g , December 6 , 1920; n o t e a r l i e r . PRINCIPAL RESOURCE AND LIABILITY ITEMS OF REPORTING MEMBER BANKS IN LEADING CITIES (Amounts i n t h o u s a n d s o f d o l l a r s ) N o v . 26, 1920 Nov. 19, 1920 Number o f r e p o r t i n g b a n k s - - - - - - - - - - - - - - - - - - - - - - - - 824 824 U . S . bonds t o s e c u r e c i r c u l a t i o n - - - - - - - - - - - - - - - - - - - - - - - St-l6l7a May 2 8 , 1920 8l4 Nov. 23, 795 1919 269,707 269,707 270,304 ^69,097 6l4,453 " 6l4,742 601,4l9 628,221 U. S . V i c t o r y n o t e s 194,081 195, ^ 6 203,4-55 265,931 U. S . C e r t i f i c a t e s of i n d e b t e d n e s s 313,179 l45j±Q2 609,126 8 l 6 , »?4o - 1,391,^20 1,425,3^7 1,684,364 1,979,839 L o a n s and i n v e s t m e n t s , i n c l u d i n g b i l l s r e d i s c o r n t e d w i t h F . R . Bank: Loans s e c u r e d by U . S . w a r o b l i g a t i o n s - - - - - - - - - - - - - - - - - Loans s e c u r e d b y s t o c k s and b o n d s o t h e r t h a n U. S . s e c u r i t i e s - - - - - - A l l o t h e r l o a n s and i n v e s t m e n t s - - - - - - - - - - - - - - - - - - - - - - - 905,^77 3, o44y789 11^ 3 9 0 T 1 2 6 #93,912 3,044,011 11,4^0.304 . l,06l,59p (a) 1,053,663 3,115,454 3,222,622 1.1« Offl, 7Q4—(&) 9 , 1 9 5 , l 3 p T o t a l l o a n s and i n v e s t m e n t s , 16,732,012 l 6 , 7 9 3 , 574 16,946,112 16,156,236 1,286,946 1,3^3,951 1,415,397 l,4l4^856 328,105 37 8 , 2 2 4 3^2,7^9 3 84, 5^3 10,892,122 10,992,273 11,561,3^1 11, 3 3 7 , 6 l U 2 , 8 1 1 , 123 2,786,0^5 2, 6 4 5 , 7 0 5 2,288,133 O t h e r U . S . b o n d s i n c l u d i n g L i b e r t y bonds - - - - - Total U. S. s e c u r i t i e s - - - - - - - - - - - - - _ _ _ _ _ _ _ _ _ _ _ - - - - - - - - - - - - - - i n c l u d i n g b i l l s r e d i s c o u n t e d w i t h F.R-Bank - - - R e s e r v e b a l a n c e w i t h F- R . Bank Cash i n v a u l t - - - - - - - Net dmand deposits - - Time d e p o s i t s - - - - - Government d e p o s i t s - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 87,799 173 > 216 75,599 1^3,053 B i l l s p a y a b l e w i t h F e d e r a l R e s e r v e Bank: S e c u r e d by U, S - war o b l i g a t i o n s - - All other - - - - - - - - - - - - - - - - - - 659*^70 2,069 633,722 1,988 Sob, 511/ 1,438) 1,107,935 B i l l s r e d i s c o u n t e d w i t h F e d e r a l R e s e r v e Bank: S e c u r e d by U . S- war o b l i g a t i o n s - - - - - - All other - - - - - - - - - - - - - - 2^4, l4o 1,258,047 250,056 1,33,428 R a t i o of U . S . w a r s e c u r i t i e s a n d war l o a n p a p e r t o t o t a l l o a n s and i n v e s t m e n t s , i n c l u d i n g r e d i s c o u n t s w i t h I n d e r a l R e s e r v e Bank, p e r c e n t E 2n\ 704,974 ^ ^ E x c l L w of red 12.1 12.2 14.b ^Sn°^ntv W l F.R.Banks. t h t l e a s e d f o r p u b l i c a t i o n Monday m o r n i n g , December 6 , 1920; n o t e a r l i e r St.lUl7"b* PRINCIPAL RESOURCE AND LIABILITY ITEMS OF ALL REPORTING- MJMBER BANKS IN EACH FEDERAL RESERVE DISTRICT AT CLOSE OF BUSINESS NOVEMBER 2 b , 1 9 2 0 (.fao'unts i n t h o u s a n d s o f d o l l a r s ) Total I Federal Reserve D i s t r i c t B o s t o n New York P h i l a . C l e v e l . Hi e l m . A t l a n t a C h i c a g o S t - L o u i ss M i n n . K a n s - C y . D a l l a s S a n F r a n . 824 6 8 51 83 38 •Number r e p o r t i n g "banks 46 108 35 80 48 115 59 93 U . Se b o n d s t o s e c u r e 32,64s 269,707 K circulation 21,548 16,222 12,610 7,571 i 4 , 7 5 1 19,573 42,440 28,958 11,347 14,580 47,459 ^ t h e r U, S - bonds i n c l u d i n g 6i4,453 66,479 L i b e r t y bonds 53,624 13,670 10,106 2 3 , 4 4 6 2 2 , 4 9 0 19,677 251,455 30,280 61,813 3 3 , 4 6 3 27,950 194,081 14,906 3,167 5,204 IT- S# V i c t o r y n o t e s 84,429 9,4n 19,488 37,307 2,741 1 , 0 0 6 5,750 6,713 3,959 U* S . C e r t i f i c a t e s o f 2 6 . 835 313,179 5,434 indebtedness 1.688 6.937 18,369 152 T 744 1 6 , 2 5 0 50r 33 1 4.439 15. 523 6.733 /,% y f 7, 896 i 4 o,s6s 1,391,420 T o t a l U . S» s e c u r i t i e s 56>6 162, 810* 3 7 , 0 7 2 2 0 , 3 7 1 5 0 , 3 3 8 5 0 , 6 6 4 5 3 6 , 0 8 7 67,288 53,222 1 3 9 , 2 6 4 77,030 L o a n s and I n v e s t m e n t s i n c l u d ing b i l l s r e d i s c o m t e d w i t h Fw R* B a n k : > Loans s e c . b y U . S . w a f o b l i g . 47,090 425,081 75,184 Loans s e c - by s t o c k s & bonds 184,219 1,275,116 211,233 A l l o t h e r 1 c a n s&Lnve 3 t m e n t s 8 1 4 . 5 5 0 4 . 0 1 8 . 781 5 8 1 . 1 8 6 v Total loans & investments Y including rediscounts w i t h F . R . Bank 1 , 1 0 2 , 2 6 5 6,255,065 .934,891 t 70,859 324,489 977.810 30,665 112,434 388.023 1,512,422 608,152 16,504 31,165 32,560 79,491 446,290 128,900 33,963 905,677 148,827 3,<544,7*9 991.811 11.390,12b 366,866 668,671 357,584 1,315,469 16,732,012 10,427 3 7,985 63,245 2 5 8.508 2 9 7 . 4 3 1 5 0 7 . 6 7 7 4IO.536 1.757.693 386.120 30,989 ldi,l04 32,646 557,992 2,467,897 584,738 R e s e r v e b a l a n c e w i t h F+R.Bank 77,686 603,187 66,412 97,974 34,222 30,126 177,201 38,934 20,179 39,^19 21,993 79,613 1,286,946 Cash i n v a u l t 26,170 132,913 20,110 34,403 19,294 13,842 66,867 9,581 9,763 15,153 12,250 27,759 388,105 921,620 330,956 24o, 582 1,309,283 303,632 194,807 3 9 4 , 9 1 1 2 1 7 , 4 4 8 633,150 10,892,122 N e t demand d e p o s i t s 782,234 4,883,600 679,899 (Rime d e p o s i t s 159,661 449,474 39,755 381,544 107,963 150,133 640,078 130,781 68,542 99,066 57,693 526,433 2,811,123 6,763 38,208 5,769 12,630 1,564 871 9,516 • 3,247 l,4n 1,084 873 5,863 87,799 30,360 304,588 50,113 32,611 36 32,178 32,992 999 85,145 19,450 25 17,192 2 8 , 850 85 659,470 10,784 17,487 9,108 71,376 2,1% 4,635 254, ] 4 o government d e p o s i t s B i l l s p a y a b l e w i t h F.R-Bank: * S e c - by U»S-war o b l i g All other B i l l s r e d i s c o u n t e d w i t h F^R.Bank: S s c . by U.S.wax o b l i g a t i o n s l6,373 ,Vdi other 74,173 250 22,478 2,069 .! ! I 132,10U 437,640 36 , 833 34,649 8,298 . 5,225 40,331 39,524 71,911 8,700 2,447 266,876 62,672 61,063 25,523 72,309 1,258,047 tReleased f o r p u b l i c a t i o n Monday m o r n i n g , D e c a n t e r 6, 1 9 2 0 ; n o t e a r l i e r . St.lSlJc. PRINCIPAL RESOURCE AND LIABILITY 110,18 OF REPORTING MEMBER BANKS IN F . R, BANK AND BRANCH CITIES AMD ALL OTHER REPORTING BANKS. (Amounts i n t h o u s a n d s o f d o l l a r s ) A l l F* R . FAll other New York, C i t y C i t y of Chicago Bank c i t i e s Branch c i t i e s r e p o r t i n g banks „ . „ N o v . 26 ' N o v . 19 Nov. 26 N o v . 19 N o v . 26 N o v . 19 Nov- 26 Nov. 19 N o v . 26 N o v . 19 h u n t e r of r e p o r t i n g banks 72 72 51 51 287 287 208 208 329 329 Y ' S" t o M s t o s e c u r e c i r c u l a t i o n 37,862 37,862 1,%39 1,1+38 96,335 96,53% 72,362 72,362 101,010 100,811 <S * U - S . b o n d s , i n c l u d i n g L i b e r t y b o n d s 2 1 8 , 3 5 8 217,399 17,707 18,023 5%2,696 5 % 2 ,7 7 7 151,050 150,933 120,707 121,032 l c n e s 7 t T ' e* p I°? r * • * V4. ^ ' 7%,628 12,039 1 1 , 8 0 7 106,99% 107,076 52,930 52,685 3%, 157 35,735 20%.%Q5 235.261 66.011 67.A00 %2.673 %%.2%1 C e r t i f i c a t e s of i n d e b t e d n e s s 137,221 165.286 18.059 19.029 lo^ns^snd'investaents'incltiding bills ^ 50,297 750,520 69,2%% 65,076 35%, 5 5 1 5%0, 590 1 . 0 3 7 , 2 7 % 1Q%1.162 671,076 2,1^5,752 7.261.32% 779,64s 342,353 J<9,«> 298.9*7 301.819 r e d i s c o u n t e d w i t h F . R. Bank: L e a n s ' s e c u r e d by U.S.wax o b l i g a t i o n s 597,678 59%, 7 2 5 ^ o n s s e c u r e a by s t o c k s a n d b o n d s 1,125,22% 1 , 0 9 1 195 Ax], o . n e r l o a n s a n d i n v e s t m e n t s 3.539,739 3.565.%0l T o t a l l o a n s and i n v e s t m e n t s i n c l u d ing r e d i s c o u n t s w i t h F.R.Bank 5, 528, 888 5,5%2, %9% i,%90,295 $97,125 662, %3% 137,2%8 135,7-52 2,15%, 2%2 489,66% %95,%97 7,305.522 2.262.258 2.262.311 '— ' ^ 1 0 , 8 2 8 , 6 7 2 10, 879,6%6 3,231,525 3 , 2 5 5 , % 2 0 97 555 95 7U6 %09 375 %l6,'272 1.866.5%% 1.86%. 671 ——8 *-J— 2,671,817 2,678,50s R e s e r v e b a l a n c e w i t h F . R . Bank 561,80% 589, %53 127,106 151,592 9%l,070 927,760 192,957 Cash in v a u l t 116,%09 110, %%3 39,109 38,590 226,985 217,19% 75,962 %, 399,615 %, 392,760 909,917 952,126 7,621,1%1 7,670,755 1,707,165 1 , 7 5 2 , 8 1 0 298,592 297,165 1,290,%08 1,287,9%S 910,516 915,%69 $10,199 58%,628 5,582 10,682 %85 152,015 15,120 29,2%5 6,196 11,956 25,582 25,5%0 %18,19% %i6,867 151,590 1,109 129,729 878 89,686 960 87,186 1,110 207,597 898,175 51,930 177,568 175,512 29,285 13,511 162,523 13,17% 161,7%1 12.4 12.6 12.6 N e t demand d e p o s i t s Time d e p o s i t s Government d e p o s i t s B i l l s p a y a b l e w i t h F. R, Bank: Sec-ired b y U . S . w a r o b l i g a t i o n s All other 510,181 56,526 265,205 512,157 12, 7%% 275,092 - B i l l s rediscounted with F.R.Bank: Secured by U . S . war o b l i g a t i o n s All other 129,522 %08, 759 R a t i o of U. S» w a r s e c u r i t i e s and war l o a n pp.p^r t o t o t a l l o a n s and i n v e s t m e n t s , i n cli-ding r e d i s c o u n t s w i t h F . R . B k . , p e r c e n t 15-0 v.. 128, 782 %02,225 15.5 9,69% 8,932 183,195 171,99% 7-9 7-6 66, - 208, 6%9 918,156 12.2 - 205,109 152,939 155,082 561 87,15s 86,%69 7%, 1,565,816 1,568,710 11.0 11.1
@FedFRASER