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STATEMENT FOR THE PRESS ^.dleased for publication Monday morning, February l6 not earlier. St. 921 " Federal Reserve Board February 14, 1920. CONDITION OF MEMBER BANKS. Withdrawals in some volume of Government deposits, apparently in connection with the redemption during the week of Treasury certificates issued in September and December of last year, and furthur reductions in the holdings of United States war securities and war paper are indicated by the Federal Reserve Board,:s weekly statement of condition on February 6 of S04 member banks in leading cities. Government security holdings fell off 35*1 millions durinfe the week, United States bonds showing a decrease of 3.6 millions, Victory notes - a decrease of 4,1 millions, and Treasury certificates - a decrease of 2%.4 millions for all reporting banks, though an increase of about 1? millions for the New York City members. War paper, exclusive of rediscounts with the Federal Reserve banks, declined 2S.S millions, largely at the New York banks. Lbans secured by stocks and bonds fell off 23,7 millions, the lar0er decrease of 40.8 millions reported for the New York City banks bein^ Offset in part by further ^aing under this head at banks in other Federal Reserve bank and branch cities. These decreases are in part offset, just as the week beforet by an increase of about 37 millions in other loans and investments. New York City bariks the latter item shows a decrease Of 4,2 millions. For the The net result of the changes shown is a reduction of about $Q..o millions in total loans and investments of all reporting banks, and of $4.6 millions in loans and investments of the New York City members, Rediscounts with the Federal Reserve banks increased 27.5 millions, and bills payable, largely war paper,- 22.2 millions. War paper held under discount by Federal Reserve banks for reporting banks went up from 1,197.4- to li&S-Z millions, and or- dinary commercial paper thus held - from 636.S to 668.7 millions. For the New York City banks a decrease of about 7 millions in war paper discounted and but a nominal change in other discounts with the Federal Reserve banks are shown. Government deposits show a net reduction for the week of 103-6 millions (53 millions for New York City), other demand deposits remained practically unchanged, while time deposits went up 23-3 millions. Reserve balances (all with the Federal Reserve banks) increased 10.7 millions for all reporting banks and 19-3 millions for member banks in Federal Reserve bank cities. Cash in vault declined 10.3 millions, a larger decline being shown for reporting banks located outside Federal Reserve bank and branch cities. Released for publication Monday morning, February l6, 1920, not earlierPRINCIPAL RESOURCE AMD LIABILITY ITEMS OF REPORTING MEMB12R B A M S IN LEADING CITIES (Amounts in thousands of dollars) Feb- 6,1920 Jan.30,1920 Aug'. 2,1919 Number of reporting banks So4 U. S. bonds to secure circulation - - - - - 770 770 270,2)1 263, 2l4 ^,942 601,590 641,315 739,102 - - - - - - 212,317 2l6,4o4 328,671 - _ _ _ _ _ _ _ _ _ _ 731,068 755, 493 Irl6o.3Q2 1,810,590 1,845,650 2,400,519 2,466,277 Loans and investments, exclusive of bills rediscounted with F.R. & other banks: Loans secured by U. S. war obligations Loans secured by stocks and bonds other than U.S. securities - All other loans and investments 938,777 3 289 510 9J7M79 967,607 3 313 238 ) % n j , 856 ) 1,326,286 . . 1,198,353 , 10,006,011 Reserve balances with F- E. bank 1,417,159 1,4o6,4g6 1,353,3^5 1,225,219 3^7,218 357,509 351,220 353,177 11,477,835 11,477,353 10,744,722 9,736,907 2,494,912 2,471,569 C-ovemment deposits - - 205,l6S 308,823 Bills payable with Federal Reserve Bank: Secured by U. S. war obligations 933,262 911,297 > £81 936 663,048 286,069 ) 631,259 ) - - - - - — U. S- Certificates of indebtedness — - — - - - — - - - - - - - - - — _ _ _ _ _ _ _ — - - - Total U. S. securities Cash in vault Net demand deposits Time deposits - * eb. 7, 1919 269,163 u. S. Victory notes a F 269,263 Other U. S. bonds including Liberty bonds _ _ _ _ _ _ _ _ _ _ _ 804 St.92la All other Bills rediscounted with Federal Reserve Bank: Secured by U.S. war obligations - - All other 5,699 - 1 ^ Ratio of U.S.war securities and war paper to total loans and investments, percent 15-7 1, <352,694 551,4o6 c 3f) 5,525 ) 16-1 33 °>610 23-4 1.463.955 i,olo,452 551,969 q « 93X i?J> 37^oSS 24.9 Federal Reserve District Boston 46 No. reporting "banks 'k . U.S."bonds to secure circulation 13,011 .Other U.S., incl. Liberty bonds 14,399 U» S, Victory notes 7,706 U.S.certificates of indebtedness 33*35x— Total U. S. securities 68,470 fa EACH n m BESEBVE DISTRICT AS AT CLOSE OF BUSINESS (Amounts in thousands of dollars.) York ^ l a s San Fran. 44 65 14,664 19,573 34,605 269,263 10,760 22,122 18,237 62,738 597,942 2,454 5,647 3,924 12,535 212,317 106.674 21,407 14,818 11,236 31.084 46.011 731.068 57,368 35,202 53,669 72,818 155,889 1,810,590 35 92 82 47 11,097 4l,sUl 26,296 14,015 20,927 17,177 242,467 27,697 60,879 35,126 30,021 58,999 14,497 11,895 23,697 10,052- 7,582 40,391 4,287 cc n7# 31,679 83,297 226,991 48,887 82,147 rrrvtr Tc1i , J\Qi t CI dlC • J+* J~ / - 22,425, 679,255 102,234 181,495 93,902 804 S3 107 56 112 Total 35 7,170 k Loans ^ and investments exclusive of bills rediscounted with F.R. and other banks: Loans sec-by U.S.war oblig SRffltosiss 61 ;:IB SS SI il SI >i:l ii S2 31 il SI M Reserve balances with F.R. bank yg,002 679,469 65,659 39,711 39,205 35,^75 Cash in vault 20,395 U 2 ,18g 15,358 31,824 16,873 12,884 Net denand deposits t 204,055 '*,400 23,853 65,905 10,242 8,092 55.373 27,023 76,934 1,417,159 15.419 9,966 28,072 347.218 789,577 5,110,832 659,392 S50,06S 365,043 313,048 1,451,457 365,597 234,632 469,811 254,087 614,291 11,477,835 • Time deposits 133,595 i- Government deposits o ; ™ j , s 12,099 395.310 25.720 343.195 98,514 129.733 99,266 9.485 19,756 40.541 428,815 79,615 66,479 48,473 115.648 3.464 583,957 118,458 5.456 62,091 1,155 91,564 42,086 470.689 6,324 25.484 3,552 43,864 43,4^ 112,589 31.705 1 5 , W 19.W j.759 ^ 7 3 £077 ^.og 5.490 13,637 205,168 12.880 38.397 933.2* All other .<'IroEeF™™" 76,^ £870 2,494,912 ^ 35:03! Released for publication Monday morning, February l6, 1920; not earlier. St.921c PRINCIPAL RESOURCE AND LIABILITY ITEMS OF MEMBER BASICS IN F. R. BANK AND BRANCH CITIES AND ALL OTHER REPORTING BANKS, (Amounts in thousands of dollars.) All F. R. F. R. All other City of Chicago bank cities New York City Branch cities reporting banks Feb. 6 ———— Jan.30 Feb. 6 — — Jan.30 Feb. 6 ——— Jan.30 Feb. 6 ———Jan.30 Feb- 6 ——— Jan.JO Number of reporting banks 71 71 50 39,190 39,190 1,438 211,549 217,023 72,075 276 276 1,438 101,557 101,608 70,804 70,804 96,902 96,751 24,767 26,456 332,872 340,284 141,744 138,03s 123,326 123,268 71,611 15,772 16,352 112,299 114,255 54,714 56,677 45,304 45,472- 290,494 273,503 41,475 48,264 489,339 493,261 152,994 171,608 88,735 93,624 613,308 601,327 83,452 92,510 1,036,067 1,049,408 420,256 437,127 354,267 359,115 Loans and investments, exclusive of bills rediscounted with F-R. and other banks: Loans secured by U.S. war obligations 448,714 470,30s Loans secured by stocks and bonds 1,268,784 1,309,566 All other loans and investments 3,093,501 3,097,689 67,545 386,559 235,785 66,72s 713,669 741,460 124,802 101,134 101,345 123,974 386,605 2,391,252 2,422,164 478,266 471,219 419,992 419,855 823,266 6,149,340 6,106,767 1,927,845 1,932,156 1,697,694 1,678,933 Reserve balances with F - R - bank 639,901 633,935 145,557 138,949 1,044,730 1,025,400 Cash in vault 110,235 107,881 37,510 4,663,058 4,665,394 986,529 987,676 8,018,570 8,024,722 1,743,351 1,743,276 1,715,914 1,709,355 264,453 1,159,684 1,149,453 785,364 779,184 549,864 542,932 U.S. bonds to secure circulation Other U.S. bonds, including Liberty bonds U. S. Victory notes U.S. certificates of indebtedness Total U. S* securities Net demand deposits Time deposits Government deposits Bills payable with F. R. bank) Secured by U.S. war obligations All other Bills rediscounted with F~ R- bank: Secured by U.S. war obligations Rat" h rf "s. to total loans and investments, percent 37,528 209,476 205,685 193 193 335 335 204,104 203,647 168,325 177,449 71,344 72,037 66,398 79,787 304,811 301,9.06 266,952 96,830 150,180 12,692 19,989 153,717 243,822 33,465 38,795 17,986 26,206 389,302 394,164 53,450 46,61? 640,745 633,914 192,135 179,845 100,382 825 97,538 875 16,146 57,497 16,373 55,564 13-9 14.2 . 110,131 112,162 war securities and war paper 50 3,615 I".563 yg_g ig.g 10.9 3,191 *.7W 11.5 cqq 248,26? 285 2^,021 4,374 17>523 4,365 520,906 4 3 5 ,S32 A.Os 17,675 79,493 l6.0 16.4 l6-l 16.6
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