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STATEMENT FOR THE PRESS
s
s
~
£
?
"
<
CONDITION OF MEMBER BANKS IN LEADING C I T I E S .
P a r t n e r net l i q u i d a t i o n if $46,000,000 of i n v e s t m e n t s and of
$52 000 000 of l o a n s a e a i n s t Government and c o r p o r a t e s e c u r i t i e s , as
a r a ' i n s t ' a n i n c r e a s e f o r t h e week of $67,000,000 i n a l l o t h e r , l a r g e l y comm e r c i a l l o a n s and d i s c c u n t s , i s shown i n t h e Federal Reserve Board s weekl y c o n s o l i d a t e d statement of c o n d i t i o n on Feoruary 7 °f 7^0 member banks
i n leading c i t i e s . Member banks in New York City r e p o r t n e t l i q u i d a t i o n
of $23,000,000 of investments, l a r g e l y of c o r p o r a t e s e c u r i t i e s , and of
4cq 000,000 of l o a n s secured by Government and c o r p o r a t e o b l i g a t i o n s , as
a g a i n s t ' a n i n c r e a s e of $34,000,000 i n commercial l o a n s .
Changes i n t h e loan and investment a c c o u n t s were accompanied oy r e d u c t i o n s of $52,000,000 i n n e t demand d e p o s i t s , of $6,000,000 in_time d e p o s i t s and of $16,000,000 i n Government d e p o s i t s . Member banks m New York
C i t y show an i n c r e a s e of $9,000,000 i n net demand d e p o s i t s and r e d u c t i o n s
of $11,000,000 i n time d e p o s i t s and of $6,000,000 i n Government d e p o s i t o .
Borrowings 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 from t h e F e d e r a l r e s e r v e
banks d e c l i n e d from $379,000,000 t o $357,000,000, or from 2 . 3 t o 2 . c p a r
c a n t of t r e i r t o t a l l o a n s and i n v e s t m e n t s . For member banks m New York
City a r e d u c t i o n from $197,000,000 t o $167,000,000 i n borrowings from tne
l o c a l r e s e r v e bank and from
t o 3 - 2 p e r cent i n tne r a t i o of t h e s e
borrowings t o combined l o a n s and investments i s n o t e d .
Reserve b a l a n c e s of a l l r e p o r t i n g banks show a d e c l i n e of $ l 4 , 0 0 0 , w 0 ,
w h i l e cash i n v a u l t i n c r e a s e d by $9,000,000. Corresponding changes f o r t h e
New York C i t y banks comprise a r e d u c t i o n of $2,000,000 i n r e s e r v e b a l a n c e s
and a g a i n of $ 2 , 0 - 0 , 0 0 0 in c a s h .
Following i s a statement of changes i n t h e p r i n c i p a l a s s e t s and^
l i a b i l i t i e s on February 7, 1923, as compared w i t h a week and a year ago:
Increase
or
Decrease
I n m i l l i o n s of d o l l a r s
since
.Tan. 31, 1923 Feb. 8, 1922
Loans and d i s c c u n t s - t o t a l . . . .
Secured by U. S. Govt, o b l i g a t i o n s
Secured by s t o c k s and bonds
All other
+
. . . . .
Investments, t o t a l
U. S. bonds
U. S. V i c t o r y n o t e s and Treasury n o t a s
Treasury c e r t i f i c a t e s
Other s t o c k s and bonds
Reserve b a l a n c e s w i t h F. R. Banks
Cash i n v a u l t
•
. . .
• •
~
~
+
,5
+
6
""
+
-
4o
^
5
13
30
-
14
9
+
7
~
+
+
+ 1,^36
9?
+
+
+
+
+
Government d e p o s i t s . . . . • • « ' • • • • • •
Net demand d e p o s i t s
Time d e p o s i t s
~
~
-
5^
6
+
T o t a l accommodation a t F. R. B&nks
-
22
~
^
191
122
b
~
+
, *3
3&
Released f o r p u b l i c a t i o n Friday a f t e r n o o n , February 16, 192
not e a r l i e r .
-•t. j)3SCa.
PRINCIPAL RESOURCE AIW LIABILITY ITEMS OF REPORTING MEMBER BANKS IN LEADING CITIES.
;
(Amounts in thousands of dol 1 a r s )
Number of r e p o r t i n g banks
_ _ _ _ _ _ _ _ _
Loans and d i s c o u n t s , g r o s s :
Secured by U, S. Govt, ool ig at ions - - - - - - - - - - - - - - - - - - - - Secured by s t o c k s and bonds ( o t u e r than U. S. s e c u r i t i e s )
All other loans and d i s c o u n t s
Total loans and d i s c o u n t s
U. S. pre-war bonds
,
U. S. Liberty bonds
-
U. S. Treasury bonds
U. S. Victory n o t e s and Treasury n o t e s
U. S, C e r t i f i c a t e s of indebtedness
Other bonds, s t o c k s , and s e c u r i t i e s
Reserve b a l a n c e with F. R. Bank
Cash in v a u l t
-
-
Net 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 payable and r e d i s c o u n t s with Federal Reserve Bank:
Aug. 9, 1922
yg.
S07
276,332
3,723,182
7,425,153
11,439,377
281,103
11,424,667
280,684)
10,793,238
^73/154*
1,067,563
1,069,378)
145,115
151,220)
1,335,070
994,836
931,752
193,617
2,221,957
685,197
225,146
2,294,084
456,394
224^50
2,091|o66
l6,24l,77l
16,273,275
15,332,735
14,639 700
1,429,953
1,444,013
1.351,778
1,308',450
284,237
274,952
276,150
278,695
11,485,233
11,536,958
10,979,835
10,235,655
3,722,762
3,728,502
3,569,485
3,003,548
134,371
l49,836
198,871
450,272
,
261 941
3 4
9
%
7^039^621
Feb. 8, 1922
270,225
3,677,189
7,491,963
936,390
180,335
2,191,888
Total loans and d i s c o u n t s and investments
J a n . 31, 1923
yg 0
Feb. 7, 1923
ygQ
44 z
i?q'on4
71306)518
g . ™
R a t i o of b i l l s payable and r e d i s c o u n t s with F. R. Bank
t o t o t a l loans and investments, p e r cent _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _
00
d,d
o,
-3
2
.7
4
2.7
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 , February l 6 , 192],; not e a r l i e r .
-j^^Ob
PRINCIPAL RESOURCE AND LIABILITY ITEMS OF ALL REPORTING MEMBER 3AMCS IN EACH FEDERAL RESERVE DISTRICT AT CLOSE 0^ BUSINESS FEBRUARY 7 iq? '
:
(Amounts i n thousands of d o l l a r s )
*
'' "
F e d e r a l Reserve D i s t r i c t
Boston New York P h i l a .
Cleve.
Rich. A t l a n t a Chicago S t . L o u i s Minn. Kans.Cv. D a l l a s San Fr™
Number of r e p o r t i n g banks
46
107
56
84
7s
39
108
36
30
78
52
66
'
ygQ
Loans and d i s c o u n t s , g r o s s :
Secured by U. 3. Govt, o b i i g . 14,50?
88,871 20,781
31,209 10,682
7,644
40,523 18,104
7,768
8,5^2
5 64t
Secured by s t o c k s and bonds
247,097 1,632,283 238,b^D
3b8,528 123,156 59,500
535,9l6 138,591 46,56? 77 018 49'770
A l l o t h e r l o a n s and d i s c c u n t s 601,523 2 , 3 5 8 , 7 1 9 331,991
653,427 311,131 334,530 1.094,026 303,599 19l.gQq 35qloHo 208*966
T o t a l l o a n s and d i s c o u n t s
863,127 4,079,873 591,428 1 ,053,164 444,969 401,6?4
4b0,d94 24b,234 444,bio 264,377
48,462 11,344
12,514
48,128 30,486 14,449
u. S. p r e - w a r bonds
23,963 15,324
8,561 11,973 19,653
119=111 32,506 12,137
u. S. L i b e r t y bonds
77,693 486,849 47,785
98,743 24,198 16,590 46,533 11,684
919,162 11,439,377
9,931
1,772
4,668
4,15?
5,697
130,923 25,018
25,099
21,512
14,825
48,92?
936,390
6,985
36,205
26,555 3,886
361,691 87,960
1,963
31,367
5,798
59,472
4,031
8,715
11,260
157,345
180,335
2,191,888
48,954
4,753
9,456
4,946
3,365
29,582
Treasury n o t e s
u. S. C e r t i f i c a t e s of
indebtedness
9,239
Other b o n d s , s t o c k s . & s e c u r i t i e s 175,070
515,173
56,209
51,871
11,554
1,656
93,275
747,381 186,895
12,430
257,219
3,25?
52,568
om dok
% I77 i S
7'401*963
36,246
93,734
13,631
6,182
u. S. Treasury bonds
u. S. V i c to ry n o t e s and
i s ohi
160 107
743*112
33,300
281,103
1,067,563
145,115
T o t a l l o a n s and d i s c o u n t s
and investments
1,173,40? 6,019,96? 900,070 1,581,379 580,286 480,512 2,345,640 6 2 6 , 6 l l 331,586 594,566 32?,442 1,280,305 l 6 , 2 4 l , ? ? l
Reserve b a l a n c e w i t h F. R. Bk.
85,019
651,822 70,119
103,401 37,886 35,609
207,613 43,962 22,602 49,215 2?,289
9 5 ^ 1 6 1^29,'953
Cash in v a u l t
Net demand d e p o s i t s
18,563
83,134 15,904
825,922 4,935,499 699,540
31,457 13,305 10,233
52,593
8,143
6,042 11,719
9,271
915,982 341,210 285,883 1,516,831 3%,930 212,258 459,775 238,l4o
23,873
'234'237
6 7 3 ^ 6 3 11,485^233
Time d e p o s i t s
243,491
734,6?0
73,833
547,010 149,495 162,828
73,181
594',014
3J22J62
9,920
55,891
12,870
s'l62
'13^371
Government d e p o s i t s
B i l l s payable and r e d i s c o u n t s
w i t h F, R. Bank:
t r . t r -
8
-
0
" * -
7,015
6,196
758,559 175,441
3,2l6
18,726
J :
^
5,159
84,882 125,358
4,023
1,449
1,744
.is
55$
J :
3
^
Be 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 , February l b , 1923; not e a r l i e r .
St.33^0c
PRINCIPAL RESOURCE AM) LIABILITY ITEMS OF REPORTING MEMBER BANKS IN F. R. BANK AND BRANCH CITIES AND IN OTHER SELECTEE CH TIES
'
{Amounts i n thousands of d o l l a r s )
—
Other
F. R.
A l l F. R.
selected c i t i e s
New York C i t y
Branch c i t i e s
City of Chicago
Bank c i t i e s
Jan. 31
Feb. 7
Feb. ?
J a n . 31
Jan. 31
Feb. 7
Feb. 7
J a n . 31
Feb. 7 Jan. 31
Num'oer of r e p o r t i n g banks
64
311
311
64
207
207
262
262
50
50
Loans and di s c o m t s , g r o s s :
Secured by U. S. y o v t . x>blig.
39,449
48 ,001
82,900
33,734
79,509
183,882
48,334
31,197
182,157
33,530
Secured by s t o c k s and bonas
460,189
455,559
1,458,253 1,505,08b
542,272
403,6o4
543,420
407,277 2,673,580 2,722,321
A l l o t h e r l o a n s and d i s c o u n t s
2,063,837 2,029,710
626,026 4,620,245 4,562,635 1,530,704 1,533,529 1,341,011 1,328,989
639,577
T o t a l l o a n s and d i s c o u n t s
3,601,599 3,617,696 1,074,378 1,066,583 7,475,985 7,473,232 2,122,458 2,123,802 1,840,934 1,827,027
U. S. pr e- w a r bonds
105,510
37,836
105,920
76,804
37,920
2,415
2,245
76,954
98,169
98,370
U. S. L i b e r t y bonds
418,29S
415,392
40,959
43,335
651,721
650,521
245,05s
249,634
170,724
169,223
36,631
37,721
25,953
28,933
83,067
93,449
31 > 6 9
31,118
25,579
26,653
U. S. V i c t o r y n o t e s and
Treasury notes
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
485,620
486,255
724,298
123,012
134,678
35,190
132,392
39,529
77,4l4
22,133
76,467
20,733
Other bonds, s t o c k s , and s e c u r i t i e s
5U6.777
96,131
565,391
83,923
18,470
722,893
90,860
87,006
14,171
187,752
186,264
1,196,192
576,076
589,713
419,620
421,302
U. S. Treasury bonds
T o t a l l o a n s and d i s c o u n t s and
investments
Reserve b a l a n c e w i t h F. R. Bank
Cash i n v a u l t
Net 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 and r e d i s c o u n t s with
F. R. Bank:
Secured by U. S. Govt, o b l i g .
All other
Ratio 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
with F. R. Bank to t o t a l l o a n s and
investments, per cent
133,295
1,210,942
5,217,621 5,256,506 1,432,639 1,430,053 10,357,444 10,383,308 3,221,883 3,243,052 2,662,444 2,646,915
170,815
167,952
608,194
605,697
144,936
151,487 1,020,843 1>033,460
232,295 242,601
76,719
28,614
62,643
69,280
76,331
28,809
141,721
56,900
144,875
67,197
4,447,343 4,438,679 1,026,432 1,036,336 7,899,994 7,930,887 1,908,032 1,932,284 1,677,207 1,673,127
798,876
803,328
482,738
493,608
366,694 367,254 1,784,732 1,787,100 1,134,642 1,142,526
13,810
12,325
110,463
22,505
25,563
13,244
51,534
11,951
99,5^1
57,159
153,615
14,122
129,325
3.2
3.8
8,362
3,671
5,752
.7
l,46l
205,093
237,107
56,467
.6
2.6
2.8
6,586
62,585
33,721
15,846
1.5
32,502
15,481
1.5
18,425
17,692
20,145
1.5
1.4
21,143
@FedFRASER