Full text of H.4.2 Weekly Consolidated Condition Report of Large Commercial Banks in the United States : February 10, 1922

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STATEMENT FOR THE PH8SS
not e a r l i e r .

^

=.»»&
Fetmary i , 1*2.

C01IDITI0H OF MEMBER BA1HCS IK LEADING CITIES.
Aggregate a d d i t i o n s of about $ 2 3 5 , 0 0 0 , 0 0 0 t o i n v e s t m e n t s i n Government
d e p o s i t s , a r e t h e main changes f o r t n e week i n tr.3 "banking, s i t u a t i o n a s 11, ^
d i c a t e d b y t h e c o n s o l i d a t e d s t a t e m e n t of c o n d i t i o n on F e b r u a r y 1 01 &Ob memeer
banks i n l e a d i n g c i t i e s .
The i n c r e a s e i n Government d e p o s i t s sho^n i s made up l a r g e l y of c r e d i t s
on the books 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 t o the Government i n payment f o r
Treasury n o t e s a l l o t t e d .
Other demand d e p o s i t s , because of Lie ^ s u b s t a n t i a
i n c r e a s e i n the amount of bank b a l a n c e s shown by t h e r e p o r t i n g i n s t i t u t i o n s
i n New York a n d o t h e r F e d e r a l r e s e r v e bank c i t i e s , were $ 2 7 , 0 0 0 , 0 0 0 l a r g e r
than t h e week b e f o r e . Corresponding changes a t Few York C i t y i n s t i t u t i o n s
comprise i n c r e a s e s of * 9 9 , 0 0 0 , 0 0 0 i n Government d e p o s i t s and of $ 3 5 , 0 0 0 , 0 0 0 i n
o t h e r demand d e p o s i t s .
Loans s e c u r e d by Government o b l i g a t i o n s show a nominal d e c r e a s e f o r the
week, l o a n s s e c u r e d by s t o c k s and bonds i n c r e a s e d by $ j 9 > 0 0 0 , 0 0 0 , w h i l e o t h e r
loa ns and d i s c o u n t s , l a r g e l y of a commercial and i n d u s t r i a l c h a r a c t e r , shew
a d e c l i n e f o r t h e week of $ 7 3 , 0 0 0 , 0 0 0 . Corresponding changes f o r member ba.;.k.b
i n New'York C i t y comprise a d e c r e a s e of $ 5 , 0 0 0 , 0 0 0 i n l o a n s s e c u r e d by Government o b l i g a t i o n s , a n i n c r e a s e of $ 5 4 , 0 0 0 , 0 0 0 i n loans s e c u r e d by c o r p o r a t e
o b l i g a t i o n s and a r e d u c t i o n of $ 1 1 , 0 0 0 , 0 0 0 i n commercial loans p r o p e r .
As a g a i n s t a nominal change i n the h o l d i n g s of U. S. bonds t h e banks
r e p o r t a r e d u c t i o n of $ 4 7 ; 0 0 0 , 0 0 0 i n the amount of V i c t o r y n o t e s h e l d , an
i n c r e a s e of $ 4 5 , 0 0 0 , 0 0 0 i n T r e a s u r y c e r t i f i c a t e h o l d i n g s and a n i n c r e a s e of
,
$235,000,000 i n t h e t o t a l f o l d i n g s of T r e a s u r y n o t e s . The d e c r e a s e i n V i c t o r y
n o t e s shown r e p r e s e n t s
Accepted
by t h e F e d e r a l
r e s e r v e banks from t h e r e p o r t i n g banks i n payment f o r the newly i s s u e d T r e a sury n o t e s , w h i l e t h e i n c r e a s e i n T r e a s u r y c e r t i f i c a t e s a p p a r e n t l y r e p r e s e n t s
t o a l a r g e e x t e n t t h e amount of c e r t i f i c a t e s m a t u r i n g F e b r u a r y l b , d e l i v e r e d
by o u t s i d e i n v e s t o r s t o t h e banks t o be u s e d i n payment f o r T r e a s u r y n o t e s ^ F o r
member banks i n New York C i t y i n c r e a s e s of $ 7 , 0 0 0 , 0 0 0 i n U. S. bonds, of
$77,000,000 i n T r e a s u r y n o t e s , of $ 9 , 0 0 0 , 0 0 0 i n T r e a s u r y c e r t i f i c a t e s , a s
a g a i n s t a r e d u c t i o n of $ 3 4 , 0 0 0 , 0 0 0 i n V i c t o r y n o t e s , a r e shown. I n v e s t m e n t s
in c o r p o r a t e and o t h e r s e c u r i t i e s show a d e c l i n e of $ 1 9 , 0 0 0 , 0 0 0 , of which
$3,000,000 r e p r e s e n t s t h e d e c l i n e i n New York C i t y , T o t a l loans and i n v e s t ments, i n consequence of t h e changes i n d i c a t e d , were $174,000,000 l a r g e r than
the week beforb> t h e c o r r e s p o n d i n g i n c r e a s e i n New York C i t y b e i n g $95,000,000.
Accommodation of a l l r e p o r t i n g banks a t the r e s e r v e banks shows a r e l a t i v e l y s m a l l r e d u c t i o n from $409,000,000 t o $ 4 0 0 , 0 0 0 , 0 0 0 , or from 2*8 t o 2 . 7
per cent of t h e banks < t o t a l loans and i n v e s t m e n t s , For the member banks i n
New York C i t y a d e c r e a s e from $ 6 2 , 0 0 0 , 0 0 0 t o $59,000,000 i n t o t a l accommodation
a t the l o c a l r e s e r v e bank and from 1*3 t o 1*2 p e r cent i n the r a t i o of accommodation i s noted.. S i n c e F e b r u a r y 4 of t h e p a s t y e a r t o t a l l o a n s a n d i n v e s t ments of t h e r e p o r t i n g member banks have d e c r e a s e d by $ 1 , 5 1 b , 0 0 0 , 0 0 0 , t h e i r
borrowings a t the r e s e r v e banks by about $ 1 , 5 0 0 , 0 0 0 , 0 0 0 , and t h e i r r a t i o of
accommodation from 11, J t o 2 , 7 p e r c e n t .
T o t a l r e s e r v e b a l a n c e s h e l d w i t h t h e F e d e r a l r e s e r v e banks show an i n c r e a s e f o r t h e week of $ 3 5 , 0 0 0 , 0 0 0 , the New York C i t y banks r e p o r t i n g an i n c r e a s e under t h i s bead of $ 9 , 0 0 0 , 0 0 0 . Cash i n v a u l t shows a f u r t h e r d e c l i n e
of $ 1 2 , 0 0 0 , 0 0 0 , of which $ 4 , 0 0 0 , 0 0 0 r e p r e s e n t s t h e r e d u c t i o n i n cash h e l d by
t h e New Y.0'tk member b a n k s . Since December 23 of t h e p a s t y e a r c a s h h o l d i n g 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 have d e c r e a s e d by $ 7 4 , 0 0 0 , 0 0 0 , or by over 20
p e r c e n t , For t h e New York C i t y banks a d e c r e a s e d u r i n g t h e same p e r i o d of
$23,000,000, or of over 24 p e r c e n t i s n o t e d .




R e l e a s e d f o r p u b l i c a t i o n F r i d a y a f t e r n o o n , Feb. 10, 1922; n o t e a r l i e r .
PRINCIPAL RESOURCE AND LIABILITY ITEMS OF REPORTING KEH/BER BA1KS IN LEADING CITIES.
(Amounts i n t h o u s a n d s of d o l l a r s )
.
~
:
'
Feb. 1, 1922
J a n . 25, 1922
Aug. 3 , 1Q21
304
313
30b
Number of r e p o r t i n g b a n k s - - - - - - - - - - - - - - - - - - - Loans a n d d i s c o u n t 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:
615,080
S e c u r e d "by U. S. Govt, o b l i g a t i o n s - - - - - - - - - - - - - - - - - 450,392
449,734
S e c u r e d by s t o c k s a n d bonds ( o t h e r t h a n U. S. s e c u r i t i e s ) - - - - - - 2,973,926
3,H2,gb5
3,074,170
A l l o t h e r loans and discounts - - - - - - - - - - - - - - - - - - - - 3,076,891
7,393,4b7
7.315,444
T o t a l loans and discounts

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

S t . 25
Feb. U, 1921

323

209,127

10,878,043

10,913,529

11,670,897

3,074,935
9,021,194
12,905,3 06

998,§25
141,357

997,133
133,07b

363,435
165,104

875,120
197,900

355,053
242,037

120,430

63,171
262,640

222,059

2,024,094
15,049,341

2,023,765
16,224,150
1,320,414
333,261
10,653,039

-

_ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _

2,092,675

T o t a l l o a n s & d i s c o u n t s & i n v e s t . , i n c l u d i n g b i l l s r e d i s 'd. w i t h F.R.Bk*-

14,707,720

197,613
2,lll,9b3
14,533,744

R c s e r v e b a l a n c e w i t h F . R„ Bank _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _

1,235,175
2b6,108

1,250,355
273,480

1,218,537

10,297,990
2,979,403
350,490

10,270,792
3,021,337
163,462

9,915,337
2,897,136

131,217
1,13b

170,651
337

274,311
1,032

559,164

13,277
204,415

16,215

221,590

73,372
729,358

214,214
1,125,408

2.7

2.8

7-2

11.7

Other b o n d s , s t o c k s a n d s e c u r i t i e 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 e d e r a l Reserve Bank:
S e c u r e d by U. S. Govt, o b l i g a t i o n s - - - - - - - - - - - - - - - - - -

304,773

339,763

2,923,673
101,829

1,36s

B i l l s r e d i s c o u n t e d v, i t h F e d e r a l Reserve Bank:

R a t i o of b i l l s p a y a b l e and r e d i s c o u n t s w i t h F. R. Bank




Released, f o r p u b l i c a t i o n F r i d a y a f t e r n o o n , F e b . 10, 1922; n o t e a r l i e r .
St.2595^PRINCIPAL RESOURCE AMD LIABILITY I f f l B OF ALL REPORTING MEMBER BANKS IN EACH FEDERAL RESERVE DISTRICT AT CLOSE OF BUSINESS FEB. 1, 1922.
;
(Amounts i n t h o u s a n d s of d o l l a r s )
F e d e r a l Reserve D i s t r i c t
B o s t o n New York P h i l a .
Cleve. Rich.
A t l a n t a Chicago S t . Louis Minn. Kans.Cy. D a l l a s San F r a n . T o t a l
Number of r e p o r t i n g banks
49
107
58
85
82
I43
110
37
35
79
53
fag
80b
Loans and. d i s c o u n t s , i n c l u d i n g
b i l l s rediscounted with
F . R. Bank:
S e c u r e d by U . S . G o v t , o b l i g .
30,668
158,324 46,686
45,333 17,722 13,479
6 9 , 5 2 4 18,43 5
9 , 527 15,720
5,360
18,956
449 , 734
S e c u r e d by s t o c k s a n d bonds
2 1 3 , 6 0 5 1 , 3 8 7 , 7 2 5 196,853
^18,423 107,984 54,53%
434,578 123,916 3 3 , 1 4 5 6 4 , 2 1 7 39,596
138,289 3 , 1 1 2 , 8 6 5
A l l other loans & discounts
5 5 8 , 9 b 8 2,454,184 3 2 1 , 1 5 1
b 0 9 , 8 5 1 314,081 288,897 1 , 0 5 8 . 9 5 7 292,429 2 0 0 , 9 3 5 3 5 0 , 8 6 4 189,991
675,136 7 , 3 1 5 , 4 4 4
T o t a l loans and discounts

8 0 3 , 2 4 1 4 , 0 0 0 , 2 3 3 564,690

u . s . bonds
u . S. V i c t o r y n o t e s
U. S. T r e a s u r y n o t e s
U„ S, C e r t i f i c a t e s of

973,607 439,787 3 5 6 , 9 1 0 1 , 5 6 3 , 0 5 9 434,780 243,607 4 3 0 , 8 0 1 234,947

832,381 1 0 , 8 7 8 , 0 4 3

48,217

404,150

47,884

122,657

61,387

27,361

76,013

26,620

19,327

34,611

34,914

95,384

998,535

3,493

69,08b

12,894

15,461

1,965

1,34b

15,438

3,665

365

3,391

1,285

12,998

141,387

14,902

162,557

25,103

21,642

5,032

37b

$3,COO

5,820

3,245

13,969

1,708

15,659

355,05}

139,712 ^8,815
744,594 162,639

10,320
268,087

5,487
48,505

1,673
35.811

23,817
383.917

6,317
68,499

10,632
20.534

8,773
46,23b

3,381
9,037

15,425
165.521

242,037
2.092.675

indebtedness
7,685
Otner b o n d s , s t o c k s & s e c u r i t i e s 1 ) 9 , 2 7 5
T o t a l loans and discounts and
investments, including, b i l l s

r e a i s c o u n t e d w i t h F.R.Bk. 1 , 0 1 6 , 8 1 3 5 , 5 2 0 , 3 3 2 822,025 1 , 4 1 1 , 7 7 4 562,163
Reserve balance w i t h F. R. Bank 81,873
604,75b 6 8 , 3 2 4
92,514 31,781
Cash i n v a u l t
^
18,214
84,45b 13,4b7
2 5 , 2 9 2 12,702

423,497 2 , 1 4 7 , 2 4 4 545,701 2 9 7 , 7 1 0 537,781 285,272 1 , 1 3 7 , 4 0 8 1 4 , 7 0 7 , 7 2 0
26,025
10,057

179,762
48,794

41,286
6,620

18,388
6,178

40,517
10,954

21,126
9,330

78,823
20,044

1,285,175
266,108

Net demand d e p o s i t s

760,245 4 , 7 1 5 , 2 1 4 614,523

769,514 300,81b 2 2 4 , 3 7 0 1 , 2 8 6 , 7 8 5 3 O S J 2 3 175,290 3 7 2 , 3 5 4 189,769

580,387 1 0 , 2 9 7 , 9 9 0

deposits
overnment 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:

185,941
33,709

486,463
163,647

47,234
37,615

425,923 130,413 141,428
18,286
5,053
7,665

59,596
3,730

516,757
24,73 5

2,979,403
3 50,490

4,170

71)977

21,395

14,885
27

18,192
200

6,185
-

17,371
145

4,042
-

953
-

6,603
—

2,409
410

13,035
354

181,217
1,136

6,378
12,265

1,194
34:876

688
21,929

1,493
16:039

353
28,772

1,001
13:425

87
3,811

706
17,566

52
5,263

46o
13,819

13,277
204,415

lime

A lil i ^o tt h^err 7
A

U

"S'G0Vt'0blig"

B i l l s r e d i s c o u n t e d w i t h F.R.Bank:
Secured by U.S.Govt, o b l i g .
A l l 0 t h e r




386
19,191

479
17,459

647,536 156,495
21,108
6,086

76,276 1 0 5 , 3 4 1
I 3 J O 9 15,147

Released, for -publication Friday afternoon, Feb. 10, 1522; not earlier.
PRINCIPAL RESOURCE AND LIABILITY ITHMS OF REPORTING MhMBER BANKS IN F. R. BANK AND BRANCH CITIES AND IN OThiR S^LECl
(Amounts in thousands of dollars)
Other
F. R.
All F. R.
selected
cities
Branch c i t i e s
Bu.nk c i t i e s
City of Chicago
New York City
Feb.
1
Jan. 25
Feb. 1 Jan. 25 Feb. 1 Jan. 25
Feb. 1 Jan. 25
Feb. 1 Jan. 25
318
317
213
212
275
275
50
50
67
6?
. Number of reporting banks
Loans and discounts, including
b i l l s redis'd.with F. R. Bank;
73,931
74,658
60,222
62,237
55,1ST
52,156
315,581 313,997
140,455 145,505
Secured by U.S.Govt. obli&«
456,730
453,450
427,112
424,180
319,188 315,626 ,.§,229,023 2,196,540
I,2i4,i6l 1,159,696
Secured by stocks and bonds
667,150 674,400 4,625,828 4,717,963 1,392,799 1,379,147 1,296,817 1,296,357
2,173,327
2,183,609
Ail other loans and discounts
3,527,943 3 , 4 8 8 , 8 1 0 1,041,525 1,046,182 7,170,432 7,228,500 1,923,460 1,907,255 1,784,151 1,782,774
Total loans and discounts
24,273
23,120
539, b o
547,357
230,945
223,218
228,250 226,558
353,828 347,044
U, S. bonds
15,675
6,140
7,787
89,841 128,767
32,156
39,634
19,390
96,207
61,734
IT. S, Victory notes
12,563
77,930
69,676
3,076
283,249
90,003
48,248
17,864
23,556
154,878
U. S. Treasury notes
22,076
123,980
5,835
6,144
174,314 153,888
28,810
21,649
38,913
133,340
IT, S. Certificates of indebtedness
174,736 173,519 1,150.215 1,171.897
582,559 582,582
359,901 357,484
567,214 5 7 0 , 0 9 3
Other bonis, stocks and securities
Total loans and discounts and
investments, including b i l l s
rediscounted with F, R« Bank
Reserve balance with F« R, Bank
Cash in vault
Net demand deposits
Time deposits
Government deposits
B i l l s payable with F. R. Bank:
Secured by U.S.Govt, obligations
All other
B i l l s rediscounted with F. R. Bank:
Secured by U.S.Govt, obligations
All other
Ratio of b i l l s payable and rediscounts
with F. R, Bank to total loans and
Digitizedinvestments,
for FRASER
jer cent


4,798,937 4,704,064 1,322,187 1,259,828 9,407,381 9,320,412 2,846,178 2,792,202 2,454,161 2,421,130
191,041 190,389
144,217 145,349
949,917 914,617
562,281 553,129
130,456 113,791
51,295
52,459
69,331
69,484
145,482 156,537
29,456
28,453
73,635
78,179
889,442 870,020 7,268,784 7,258,008 1,569,595 1,563,735 1,459,611 1,445,045
4,247,320 4,212,339
943,546
927,382
692,649 685,494
311,230 312,419 1,343,208 1,408,461
304,272 302,355
'278^4i6
127,698
40,427
25,332
31,647
15,432
15,431
15,751
61,714
151,494
54,100

429
4,679
1.2

55,031
739

53,846

449

30,567
252

8,471

97,346

9,359
103,755

2,476
47,963

3,696
53,865

2,330
59,106

63,970

2.1

2.1

3.7

4.0

3- i

4.1

805
145

1,380
52

95,219

12,846

30
11,230

1,329
13,056

1.3

1.3

31,738

85,067
52

49,005

145

336

3,160