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Releasei for publication F r i d a y a f t e r n o o n , Feb. 17; not e a r l i e r . STATEMENT FOX THE PRESS St.26o4. F e d e r a l Reserve Board F e b r u a r y l 6 , 1922. CONDITION OF mOBER BANKS IN LEADING CITIES. Aggregate r e d u c t i o n s of #63,CCD,000 i n i n v e s t m e n t s , of which -*45,000,000 r e p r e s e n t s a dec re ase i n the h o l d i n g s of T r e a s u r y n o t e s , accompanied by a d e c l i n e of *62,000,000 i n n e t denand d e p o s i t s , an i n c r e a s e of &100,000,000 i n Government d e p o s i t s , and of $25,000,000 i n time d e p o s i t s a r e i n d i c a t e d i n the F e d e r a l Reserve B o a r d ' s -veskly 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 February g of 80J member banks i n l e a d i n g c i t i e s . Loans secured by United S t a t e s Government o b l i g a t i o n s show a d e c r e a s e of $6,000,000 f o r the week, loans secured by s t o c k s and bonds i n c r e a s e d by $16,000,000, while o t h e r loans 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 , show a d e c l i n e f o r the week of $15,000,000, Corresponding changes shown f o r member banks i n New York C i t y i n c l u d e a decrease of $2,000,000 i n l o a n s secured by Government o b l i g a t i o n s , a r e d u c t i o n of $22,000,000 i n l o a n s s e c u r e d b y c o r p o r a t e o b l i g a t i o n s and an i n c r e a s e of $3,000,000 i n commercial loans p r o p e r . A l l c l a s s e s of i n v e s t m e n t s show s m a l l e r t o t a l s than the week b e f o r e : United S t a t e s bonds and V i c t o r y n o t e s , - by .411,000,000, T r e a s u r y n o t e s , - by $45,000,000, T r e a s u r y c e r t i f i c a t e s , - by $6,000,000 and o t h e r , i n cluding corporate^ s e c u r i t i e s , - by $2,000,000. For member banks i n New York City a nominal r e d u c t i o n i n U. S. bonds and Victory n o t e s , an i n c r e a s e of $7,000,000 in T r e a s u r y n o t e s , and r e d u c t i o n s of $14,000,000 i n Treasuryc e r t i f i c a t e s and of * 9 , 0 0 0 , 0 0 0 i n o t h e r s e c u r i t i e s , a r e n o t e d . T o t a l loans and i n v e s t m e n t s , i n consequence of the changes i n d i c a t e d , were $68,000,000 l e s s t h a n the week b e f o r e , the corresponding d e c r e a s e f o r member banks i n Mew York C i t y b e i n g $39,000,000. 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 s l i g h t r e d u c t i o n from $400,000,000 to $395,000,000, the r a t i o of accommod a t i o n c o n t i n u i n g unchanged a t 2 . 7 p e r c e n t . For the member banks i n New York C i t y an i n c r e a s e i n t o t a l borrowings a t the l o c a l r e s e r v e bank from $59,000,000 to $96,000,000 and i n the r a t i o of accommodation from 1.2 to 2 per c e n t , i s n o t e d . Since February 11 of the p a s t year total loans and investments of t h e r e p o r t i n g meirber banks have d e c r e a s e d by $ 1 , 4 7 0 , 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 , 4 7 8 , 0 0 0 , 0 0 0 , and t h e i r r a t i o of accommodation from 11,6 t o 2 . 7 per c e n t . Aggregate r e s e r v e b a l a n c e s of the F e d e r a l r e s e r v e banks show an i n crease f o r t h e week of $ 2 3 , 0 0 0 , 0 0 0 , a l l i n New York C i t y , Cash i n v a u l t for the f i r s t time during the p r e s e n t year shows an i n c r e a s e f o r the week, though the February g t o t a l shown, $279,000,000, i s $61,000,000 l e s s than the t o t a l r e p o r t e d f o r December 28 of the p a s t y e a r . For member banks i n New York City an i n c r e a s e of $5,000,000 i n cash h o l d i n g s i s shown. This item c o n s t i t u t e s 2 . 7 p e r cent of n e t demand d e p o s i t s of a l l r e p o r t i n g b a n k s , as compared w i t h about 3 p e r cent on February 11 of the p a s t y e a r , For member banks i n New York C i t y t h i s r a t i o was 1.9 per c e n t , compared w i t h 2 . 1 per c e n t the y e a r b e f o r e . -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 , Feb. 1 J , 1322; net e a r l i e r . PRINCIPAL RESOURCE AND LIABILITY ITEMS OF REPORTING MEMBER BANKS IN LEADING CITIES. (Amounts i n thousands of d o l l a r s ) Reorder of r e p o r t i n g banks ans and d i s c oouunnttss», i n c l u d i n g "bills rrediscc Loana e d i s c o u n t e d with F. E. Bank: Secured S. Govt, a t i o n s -- - s e c u r e a by uy U. u. o* vjovg. oOub lj.ii ggabions — Secured by s t o c k s and bonds ( o t h e r than U. 5 . s e c u r i t i e s ) All o - ^ r ! < * = . * * d i . e c w t . "80' - - - Total loans and discounts U. s . b o n d s U. 3 . - Victory notes U. S. Treasury n o t e s TJ. S, C e r t i f i c a t e s of indebtedness - Other b o n i s , s t o c k s and s e c u r i t i e s Total l e 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 . B k . Reserve balance w i t h F. R. Bank Cash m v a u l t Net demand d e p o s i t s - - Tia* d e p o s i t s Government d e p o s i t s . , . x ^'~e' 5t.2o04a. ^ug* l$2l Feb. 11, 1 - 2 1 443 6^2 3 129*004 liOO^S 4Uq 774 x j j & l S Ci c 011 0 c-u'ct" 10.W.15* 10,875,04 3 U,5sl,3<6 994,836 998,525 868,072 806,385 1J4.287 141,38? l65i513 202,566 321,673 *366,543 58,804 224,684 *230,547 240,371 208,296 2..091.066 14,639,700 2,092,675 14,707,720 2,022.915 14,547,241 2,014,'440 16*110*241 1,308,450 1,285,175 l]199,941 1,'308,'755 278,695 266,108 310,480 314,358 10,235,655 10,297,390 9,255,403 10,630,941 3,003,848 2,979,403 2,898,858 2,917,771 450,272 350,490 381,144 60,824 186,628 1,266 181,217 1,136 27?,S33 1,183 562 VII '790 15,567 191,615 13,277 204,415 78,660 644,558 207,952 1,102,049 2.7 2 7 67 11 6 I' -7^,, r l r B i l l s payable w i t h F e d e r a l Reserve Bank: Secured by U. 3. Govt, obligations All other B i l l s r e d i s c o u n t e d with F e d e r a l Reserve Bank: few* y v. $. ( . « . Ci R a t i o of 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 to t o t a l loans and i n v e s t m e n t s , per c e n t *Revised f i g u r e s H 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. PHIilCIPAL lESjtJItCE AFB LIABILITY ITST.5 0? AL F e d e r a l Reserve D i s t r i c t ITurnber of r e p o r t i n g banks 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 re discounted with F. E. Bank: Secured, by U.S.Govt, o b l i g . S e c u r e d b y s t o c k s an-1 b o n i s A l l other loans & discounts T o t a l l o a n s and d i s c o u n t s U. S. bonds Boston 49 lTe-7 York 103 15'22: u c t e a r l i e r . 'ORTIFG IEIEEE BA:KS 111 EACH FEDSBAL HE35?"T B. (Arnomits i n t h o u s a n d s of d o l l a r s ) Fnila. S t . Louis Cleve. R i c h . Atlanta 53 110 35 32 43 57 29,lli2 155,575 4 5 , 7 7 3 2 2 3 , 3 0 1 1 ,362,949 2 1 4 , 2 3 3 5 5 4 , 7 9 1 2 , 4 6 2 , 2 4 5 320,620 307,234 3 ,920,769 5 3 0 , 6 3 1 0? BUSINESS yo ICans. Cy. Da l i a r 79 ' 33 67,166 16,521 1 1 , 4 7 1 14,970 4 4 , 4 5 0 17 ,902 13/569 5,5)0 443,722 123,761 32,502 b'3,703 41,000 323,439 107,990 5 5 , 2 7 3 b 0 3 , 2 9 0 316,133 2 3 3 , 9 0 4 1 , 0 4 3 , 3 5 4 295,774 199,594 550,502 133,323 976,179 442,030 3 5 2 , 5 5 1 1,559,742 436,056 243,167 4 2 9 , 1 7 5 234,853 P t . 25014b. D3. 3, 19:2. 1 rrxn. C C* 21,763 137,321 071,b28 Total irp0C7 443 ,532 3 , 1 2 9 :,004 7 , 3 0 0 , ,51s 330,712 10,873 ; ,154 43,719 400,^15 43,057 120,750 61,4bj 28,354 75,034 25,345 13,796 36,218 34,b4o 9b,48b 994;.336 IT. S. V i c t o r y n o t e s 3,210 71,332 7,922 lb,2bl 2,040 1,137 12,060 4,157 603 3,047 1,210 11,303 XJ. S. T r e a s u r y n o t e s 134 : ,237 16,435 172,322 22,434 20,539 7,347 2,303 43,197 3,988 3,125 10,946 4,239 14,698 321, - ~ 3 U. B, C e r t i f i c a t e s of indebtedness 6,314 8,930 122,735 16,434 9,393 5,064 4,093 6 , 3 7 0 10,073 5,350 224, ,634 22,3b9 5,959 Other b o n d s , s t o c k s & s e c u r i t i e s 142,253 737,322 162,255 273,22b 48,343 .35,589 581,344 63,436 20,633 4b,656 164,807 2 , 0 9 1 , ,066 9,199 T o t a l l o a n s and d i s c o u n t s a n d investments, including b i l l s r e d i s c c u r . t e d w i t h F . E . B k . I , 0 2 4 , b 7 0 5 , 4 3 5 , 3 9 3 330,327 1 , 4 1 6 , 3 4 3 565,366 4 2 4 , 9 9 3 2 , 0 3 3 , 4 1 1 544,352 29b ,402 5 3 2 , 0 0 1 250,052 1 , 1 4 0 , 3 7 5 14,639,700 R e s e r v e b a l a n c e w i t h F . R. B a r k 7 5 , 5 0 3 630,145 63,100 93,297 3 2 , 1 6 s 2 7 , 9 4 0 173,524 44,374 21,027 41,537 22,313 77,9b7 1 , 3 0 3 , 4 5 0 Cash i n v a u l t 13,123 2 3 , 0 7 0 13,992 90,955 14,935 8,963 48,394 6,636 7 ,174 H , 7 b 7 9,233 19,350 273,695 ITet demand d e p o s i t s 741,354 4 , 6 3 6 , 2 5 3 6 2 3 , 3 3 9 739,000 305,076 2 2 5 , 3 9 5 1,287 , 62 9 312 , 973 174 ,941 374,029 192,166 574,000 1 0 , 2 3 5 , 6 5 5 Time d e p o s i t s 13b,324 491,607 47,5b2 430,105 130,516 145,395 653,582 156,448 75 ,613 1 0 5 , 7 3 1 62,515 517,952 3 , 0 0 3 , 3 4 8 Government d e p o s i t s • 34,611 165,72b 3 7 , 5 9 5 47,325 12,919 12,775 59,704 1 3 , 6 4 1 13 ,700 15,147 11,429 25,700 450,272 B i l l s p a y a b l e w i t h 3?.E.Bark: S e c u r e d by U. S . G c v t . c b l i g . 3,050 92,145 19,873 14,474 l b , 400 13,294 3,200 5,675 1,848 6,52b 993 186,628 9,145 All other 27 145 135 610 1,266 299 B i l l s r e d i s c o u n t e d with. F.R.Bank: S e c u r e d by U . S . G o v t . o b l i g . 593 772 5,819 651 1,390 947 537 632 60s 77 52 3,384 15,5b7 All other 20,376 32,437 6,310 37,346 20,917 1 3 , 3 9 8 13,333 1 1 , 1 2 3 4,434 3 ,144 14,449 8,243 191,615 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 , Feb, 17 > 1 9 ^ > n o ^ e a r l i e r . S t ,2604c* PRINCIPAL RESOURCE AND LIABILITY ITEMS OF REPORTING MEMBER BANKS IN F. R. BANK AND BRANCH CITIES AND IN OTHER SELECTED CITIES. . (Amounts in thousands of d o l l a r s ) F. R. A l l F. R. Other Bank c i t i e s Branch c i t i e s New York C i t y C i t y of Chicago selected cities Feb. g Feb. 1 Feb - 8 Feb. S Feb. 1 Feb. 8 Feb. 1 Feb. 1 Feb * S Feb. 1 67 67 50 50 213 213 Number of r e p o r t i n g banks 275 275 318 319 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 r e d i s ' d . w i t h F. R. Bank: 52,824 140,455 72,886 61,803 60,222 55,187 308,943 315,581 Secured by U.S.Govt, o b l i g . 137,958 73,931 328,640 1,191,874 1,214,161 319,188 2,245,269 2,229,023 456,730 425,980 457,755 427,112 Secured by s t o c k s and bonds 660,017 667,150 4,616,382 4,625,828 1,355,266 1,392,799 1,298,870 1,296,817 2,175,657 2,173,327 A l l o t h e r l o a n s and d i s c o u n t s T o t a l loans and d i s c o u n t s 3,505,489 3 , 5 2 7 , 9 4 3 1,041,481 1,041,525 353,828 23,773 XJ, S. V i c t o r y n o t e s 350,527 64,128 61,734 5,565 U. S . Treasury n o t e s 163,92s *156,802 U. S. C e r t i f i c a t e s of indebtedness . 117,021 Other bonds, stocks and s e c u r i t i e s 558,443 U. S. bonds T o t a l loans and d i s c o u n t s and investments, including b i l l s r e d i s c o u n t e d with F . R. Bank 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 24,273 7,170,59*+ 7,170,432 1,915.907 1,923,460 1,786,653 1,784,151 227,824 228,250 539,330 229,073 230,945 6,140 537,939 84,767 89,#41 30,376 32,156 19,144 19,390 24,527 69,678 240,251 *285,173 53,675 48,248 27,747 *33,122 *131,416 6,440 5,835 160,649 *172,390 34,199 28,810 29,836 29,347 567,214 173,353 174,736 1,141,522 1,150,215 585,473 582,559 364,071 359,901 1,275,139 1 ,322,18? 126,244 130,456 9,335,722 9,407,381 4,759,536 4,798,937 562,281 585,364 . 2,848,703 2,846,178 2,455,275 2,454,161 959,650 949,917 200,215 191,041 148,585 144,217 153,194 145,482 52,233 51,255 73,268 69,331 73,635 28,754 28,453 4,169,276 4,247,320 888,079 889,442 7,189,163 7,268,784 1,349,208 1,343,208 952,749 943,546 701,891 692,649 78,987 1,570,081 1,569,595 1,476,411 1,459,611 Time d e p o s i t s 305,541 304,272 314,746 311,230 Government d e p o s i t s 153,524 151,494 44,721 15,751 331,490 278,416 75,065 40,427 43,717 31,647 75,373 54,100 275 805 111,305 95,219 145 46,221 684 55,031 29,102 739 437 30,967 252 2,476 B i l l s payable with F . R. Bank; Secured b y U.S.Govt, o b l i g a t i o n s A l l 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: Secured by tLS.Govt. o b l i g a t i o n s All other Rat it) of b i l l s payable and r e d i s c o u n t s vAth F, R. Bank t o t o t a l loans and imzestments , per co; -; - 681 20,024 2.0 145 145 4,679 300 4,91s 30 11,230 94,729 11,113 8,471 97,346 2,136 43,188 47,963 2,318 53,698 2,330 59,106 1.2 .4 .9 2-3 2.1 3,2 3-7 3-5 3-^ — 429 145
@FedFRASER