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STATEMENT FOE THE PRESS 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. 2; not e a r l i e r . . . St,3332. F e d e r a l Reserve Board, F e b r u a r y 1 , 1923. CONDITION OF MEMBER BANKS IN LEADING CITIES Aggregate l i q u i d a t i o n of $108,000,000 of l o a n s and d i s c o u n t s and of $22,000,000 of i n v e s t m e n t s , accompanied by combined r e d u c t i o n s of $219,000,000 i n dep o s i t s and an i n c r e a s e of $ 6 3 , 0 0 0 , 0 0 0 i n accommodation a t the F e d e r a l r e s e r v e b a n k s , i s shown i n the F e d e r a l Reserve B o a r d ' s weekly 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 J a n u a r y 24 of J80 member banks i n l e a d i n g c i t i e s . A l l c l a s s e s of l o a n s show s m a l l e r f i g u r e s than the week b e f o r e : 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 - by $ 1 9 , 0 0 0 , 0 0 0 , l o a n s 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 - by $79,000,000 and o t h e r , l a r g e l y commercial, l o a n s and d i s c o u n t s by $ 1 0 , 0 0 0 , 0 0 0 , Under t h e g e n e r a l head of i n v e s t m e n t s , Government s e c u r i t i e s show a r e d u c t i o n of $ 2 4 , 0 0 0 , 0 0 0 , and o t h e r s e c u r i t i e s an i n c r e a s e of $ 2 , 0 0 0 , 0 0 0 . For member banks i n New York C i t y r e d u c t i o n s of $ 4 ? , 0 0 0 , 0 0 0 i n l o a n s 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 , of $ 2 8 , 0 0 0 , 0 0 0 i n o t h e r l o a n s and of $10,000,000 i n i n v e s t m e n t s are noted. Net w i t h d r a w a l s of Government d e p o s i t s f o r the week amounted t o $118,000,000, Net demand d e p o s i t s d e c l i n e d by $ 8 0 , 0 0 0 , 0 0 0 , and time d e p o s i t s - by $21,000,000* Member banks i n New York C i t y r e p o r t r e d u c t i o n s of $52,000,000 i n Government dep o s i t s , of $ 1 3 , 0 0 0 , 0 0 0 i n n e t demand d e p o s i t s , and of $ 2 3 , 0 0 0 , 0 0 0 i n time d e p o s i t s . 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 the F e d e r a l r e s e r v e b a n k s i n c r e a s e d from $296,000,000 t o $ 3 5 9 , 0 0 0 , 0 0 0 , or from 1 , 8 t o 2 . 2 p e r c e n t of t h 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 . New York C i t y banks show a n i n c r e a s e from $ l 4 o , 0 0 0 , 0 0 0 t o $167,000,000 i n t h e i r b o r r o w i n g s from the l o c a l r e s e r v e bank and from 2 , 6 t o 3 , 2 p e r c e n t i n the r a t i o of t h e s e b o r r o w i n g s t o t h e i r a g g r e g a t e l o a n s and i n vestments. Reserve b a l a n c e s of t h e r e p o r t i n g banks show a n i n c r e a s e of $ 9 , 0 0 0 , 0 0 0 and c a s h i n v a u l t - a r e d u c t i o n of $ 2 , 0 0 0 , 0 0 0 , Corresponding changes f o r t h e New York C i t y banks comprise a n i n c r e a s e of $ 1 8 , 0 0 0 , 0 0 0 i n r e s e r v e b a l a n c e s and a d e c r e a s e of $2,000,000 i n c a s h . F o l l o w i n g i s a s t a t e m e n t 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 J a n u a r y 2 4 , 1923, as compared w i t h a week and a y e a r a g o : Increase or Decrease I n m i l l i o n s of d o l l a r s since J a n . 1 7 , 1923 J a n , 25, 1922 Loans and d i s c o 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 T r e a s u r y n o t e 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 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 . T o t a l accommodation a t F. R. Banks + + . . . . . . ' + 108 19 79 10 + - + - 469 173 65s 16 22 6 6 12 2 + + + + + 1,228 507 626 1 94 9 2 + + 193 10 118 80 21 + + + 13 1,248 693 63 50 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. 2 , 19^3i n o t e a r l i e r . St,3332a PRINCIPAL RESOURCE MID LIABILITY ITEMS OF REPORTING MEIWBER BANIiS 113 LE^iDING CITIES. (Amounts i n t h o u s a n d s of d o l l a r s ) J a n . 2%, 1923 Number of r e p o r t i n g b a n k s - - - - - - - - - Loans and d i s c o u n t s , g r o s s : S e c u r e d by U. S. Govt, o b l i g a t i o n s S e c u r e d b y s t o c k s and bonds ( 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 d i s c o u n t s - - - - - - - T o t a l l o a n s and d i s c o u n t s - - U. S. p r e - w a r bonds - - - - - - - - - - - - - U, S. L i b e r t y bonds ^— _ _ _ _ _ _ _ _ U. S, T r e a s u r y bonds - - - - - - - - - U. S. V i c t o r y n o t e s and 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 i n d e b t e d n e s s - - - - - - - - - - - - - - - - T o t a l l o a n s and d i s c o u n t s and i n v e s t m e n t s - 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 demand d e p o s i t s - - - - - - - - - - - - - . - J u l y 2 6 , 1922 781 793 277,36s 296,551 260,769 J a n . 2 5 , 1< 804 3,732,369 3,811,555 7,387,560 3,459,763 7,018,614 450,892 3,074,170 7,393,467 11,387,557 11,495,696 10,739,146 10,912,529 279,481 279,442) 1,305,789 997,133 563,398 308,506 1,076,703 1,081,531) 148,335 149,653) 934,384 940,489 195,758 210,543 2,203,583 256,910 2,323,711 2,111,963 16,360,937 15,188,954 14,533,744 1,442,854 1,433,712 1,336,457 1,250,355 288,102 290,124 274,824 278,450 *11,599,541 11,043,393 10,270,792 16,231,163 - 1923 780 7,377,320. - - - J a n . 17, r., 519,108 197,613 Time d e p o s i t s - - - - - - - - - - - - - - - - - 3,714,607 3,735,272 3,515,379 3,021,337 Government d e p o s i t s - - - - - - - - - - - - - - 181,009 298,612 99,287 168,462 198,769 35,685 62,147 186,866 222,427 .6 2.8 B i l l s p a y a b l e a n d r e d i s c o u n t s w i t h F e d e r a l Rese:rve Bank: S e c u r e d by U* S, Govt, o b l i g a t i o n s - - - - All other _ _ _ _ _ - - - - 99,335 *97,292 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 t o t o t a l l o a n s and i n v e s t m e n t s , p e r c e n t - - - - - - 2.2 1.5 ^Revised f i g u r e s . in- / J L 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 , F e b r u a r y 2 , 1923; n o t e a r l i e r . PRINCIPAL PESOURCE AND LIABILITY ITEMS OF ALL REPORTING MEMBER BAECS IN —— — (Amounts 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. 84 Jg Number of r e p o r t i n g banks 46 107 56 Loans a n d d i s c o u n t s , g r o s s : S e c u r e d b y U. S. G o v t . . o b l i g . 1 5 , 5 4 8 92,937 19,822 31,247 1 0 , 6 5 7 S e c u r e d by s t o c k s and bonds 251,311 1,665,628 229,g59 . 3f?S,252 I 2 3 , 7 0 g A l l o t h e r l o a n s and d i s c o u n t s 5 8 5 , 6 0 2 2,292,975 3 2 7 , 9 3 7 650,200 312,231 T o t a l l o a n s and d i s c o u n t s U. S. p r e - w a r bonds U. S. L i b e r t y bonds U. S. T r e a s u r y bonds 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 indebtedness Other bonds,stocks , & s e c u r i t i e 34,609 521,466 59,6g5 52,068 13,078 7,317 114,912 4,975 109,701 2,998 3,297 298,120 52,767 7,624 29,4o6 36,876 362,054 582,351 4 2 2 , 0 4 0 2,338,712 s172,271 R e s e r v e b a l a n c e -.vith F. R. Bk. 87,507 Cash i n v a u l t 19,175 Net demand d e p o s i t s 836,527 Time d e p o s i t s 2 4 0 , 64 0 Government d e p o s i t s 13,584 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: S e c u r e d by U.S. Govt. o b l i g . All other 11,963 21,919 7,712 42,ggl lg,222 58,598 564,149 139,931 3 3 5 , 5 9 9 1 , 0 6 4 , 0 3 6 303,421 7,gig 45,649 g,2%3 5,g9l 4g,gg6 355,146 2 1 1 , 1 7 7 77,662 200,455 852,461 4,051,540 577,618 1,050,299 446,596 4 0 1 , 9 0 9 1,671,066 461,574 253,922 44i,091 265,954 4 g , 9 o 6 11,344 12,775 47,345 30,027 14,508 23,661 15,44o 8 , 3 1 1 12,092 1 8 , 7 5 5 30,708 437,054 4g,499 120,044 3 1 , 3 4 5 11,703 103,936 25,162 1 7 , 4 0 1 45,722 1 2 , 9 0 9 4g,466 8,226 5 , 2 4 1 9,576 2,103 5,735 5,212 4 , o 4 6 9,865 33,677 1,995 T o t a l l o a n s and d i s c o u n t s and investments 1,166,625 W. g t V>~\Zb EACH FEDERAL RESERVE DISTRICT AT CLOSE OF BUSINESS JANUARY 24*, 1923! i n t h o u s a n d s of d o l l a r s ) A t l a n t a Chicago S t . L o u i s Minn. ICans. Cy. D a l l a s San F r a n . ~ T ^ t e l 39 log 36 30 Jg 52 66 7S0 753,204 1 8 7 , 8 1 5 6,020,337 893,694 656,699 7 2 , 3 7 6 8 2 , 9 4 1 16,432 4,954,074 699,323 745,459 6 5 , 2 7 3 76,434 13,620 171,320 21,155 14,340 4,478 15,365 1,592,817 114,859 39,175 34,083 31,783 14,030 10,788 26,076 22,938 3,800 87,122 737,941 277,368 3,732,869 7,377,320 913,527 11,387,557 279,481 36,317 92,220 1,076,703 14,193 142,335 21,405 13,697 47,133 934,384 1,703 4,g44 60,131 11,278 155,621 198,758 30,707 3.767 8,591 2,205,945 629,045 336,977 590,497 3 2 7 , 7 1 9 1 , 2 7 0 , 3 4 9 16,231,163 207,522 41,618 2 4 , 2 1 6 47,490 2 4 , 5 3 0 9 2 , 7 7 9 1,442,254 55,944 7,522 9 2 9 , 5 9 1 343,392 2 8 8 , 7 3 5 1 , 5 0 1 , 8 4 3 379,425 543,412 l 4 g , 7 g i 164,267 16,350 159,236 753,325 182,474 6,167 12,294 9 , 1 3 5 220,051 456,183 2 3 9 , 2 6 0 21,891 282,102 670,704 11,519,102 8 6 , 1 6 4 124,247 72,136 587,829 3,714,607 10,581 8,662 4,528 25,034 7,277 5,627 1,980 2,462 11,160 181,009 11,495 5,004 8,747 12,016 935 7,643 19,320 9,703 2,344 323 1,805 3,530 2,791 954 3,687 14,395 7,484 259,666 99,335 1,650 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 , F e b r u a r y 2 , 1923; n o t e a r l i e r , s t PRINCIPAL RESOURCE AND LIABILITY ITEMS OF REPORTING MEMBER BANKS IN F„ R. BANK AND BRANCH CITIES AND IN OTHER SELECTED CITIES — (-Amounts i n t h o u s a n d s of d o l l a r s ) A l l F. R. F . R. 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 selected cities J a n . 24 J a n . 17 J a n . 24 J a n . 17 J a n . 24 J a n . 17 Jan. 24 J a n . 17 J a n . 24 J a n . 17 Number of r e p o r t i n g b a n k s 64 63 50 50 262 261 207 209 311 ! 311 Loans a n d d i s c o u n t s , g r o s s : S e c u r e d by U. S. Govt, o b l i g . 52,985 35,999 33,932 36,690 188,651 205,474 48,566 50,771 40,151 40,336 S e c u r e d by s t o c k s a n d bonds 1,491,211 1 , 5 3 7 , 8 9 1 430,786 440,502 2,728,132 2,798,185 545,682 549,872 459,055 463,498 A l l o t h e r l o a n s and d i s c o u n t s 2,001,642 2,017,399 T o t a l l o a n s .and d i s c o u n t s 3 , 5 7 5 . S 3 S 3 , 6 5 1 , 2 8 9 1 , 0 / 9 , 2 0 7 1,100,007 7 , 4 2 8 , 8 8 3 7 , 5 4 5 , 8 5 5 2 , 1 2 6 , 8 5 3 2,115,698 1,831,821 1,234,143 U. S. p r e - w a r b o n d s 35,276 32,304 2,245 2,073 97,874 1 0 5 , 0 3 4 98,097 76,699 76,573 104,646 U. S. L i b e r t y bonds 417,820 418,711 46,726 47,262 169,860 658 ,292 661,038 2 4 8 , 5 5 1 2 4 9 , 9 8 5 170,508 U. S, T r e a s u r y bonds 37,693 37,669 26,243 2 5 , 9 0 7 24,587 24,76s 93,909 93,432 29,839 3 i > 5 3 U. S. V i c t o r y n o t e s and Treasury notes 490,623 4 9 2 , 7 0 8 66,811 66,617 7 1 4 , 4 7 6 81,b71 715,719 138,237 143,831 80,939 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 106,238 1 0 9 , 7 8 3 18,908 18,714 16,288 144,983 150,491 22,487 37,487 37,565 O t h e r b o n d s , s t o c k s , and s e c u r i t i e s 552,583 556,302 189,758 185,387 1,201,823 1,199,714 418,774 585,348 583,451 420,418 T o t a l l o a n s and d i s c o u n t s and investments 5 , 2 1 9 , 0 7 1 5 , 3 0 4 , 7 6 6 1,429,898 1,445,967 1 0 , 3 4 0 , 2 4 0 1 0 , 4 6 4 , 3 4 6 3 , 2 4 2 , 8 8 8 3,238,622 2 , 6 4 8 , 0 3 5 2,657,909 R e s e r v e b a l a n c e -;ith F . R. Bank 610,497 5 9 2 , 3 6 9 148,931 1 5 2 , 4 0 2 1 , 0 3 7 , 5 0 5 1,024,569 172,170 237,361 233,179 171,782 Cash i n v a u l t 69,579 71,573 30,924 3 1 , 2 0 2 149,811 7 7 , 9 0 8 5 9 , 8 1 1 152,430 60,383 77,883 N e t demand d e p o s i t s 4,462,330 *4,475,376 1 , 0 2 8 , 8 2 0 1 , 0 4 3 , 7 9 7 7 , 9 4 6 , 3 3 0 * 7 , 9 9 2 , 9 7 3 1 , 9 0 7 , 4 6 9 1,922,133 1,665,309 1 , 6 8 4 , 4 3 5 Time d e p o s i t s 493,238 516,110 365,727 3 6 4 , 9 8 4 1 , 7 7 7 , 7 3 4 1 , 8 0 4 , 9 8 0 1 , 1 3 7 , 2 7 4 1,134,080 799,599 796,212 Government d e p o s i t s 70,579 122,132 16,547 16,222 24,750 4 8 , 9 8 6 224,900 133,524 31,263 24,726 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: S e c u r e d b y U. S. Govt, o b l i g . 151,545 128,844 18,628 4,380 2,615 194,711 27,462 153,272 46,327 18,035 All other 15,237 11,208 5,184 20,882 290 61,670 *56,702 19,027 16,783 21,563 iu^tio 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 v . i t h F. R. Bank t o t o t a l l o a n s and investments, per cent 3-2 2.6 .2 1.4 2.0 -7 1-5 2.5 1.9 1.5 *' R e v i s e d r figures.
@FedFRASER