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STATEMENT FOE TEE PRESS. Released for publication Monday morning, February 23, 1920; Not earlier. st.gU6 Federal Reserve Board February 21, 1920. CONDITION OF MEMB3R BANKS. Liquidation in some vol'ium of loans and investments, including Government securities, accompanied "by fvx tlier-withdrawals of Government deposits, in indicated by the Federal Reserve Board's weekly statement of condition on February 13 of SOU member banks in leading cities. Other demand deposits (net) show substantial gains, notwithstanding a reduction reported for member banks in New York City• Government security holdings declined 39*3 millions, as against 34*1 milliond the week before, United States bonds showing a decrease of 3-5 millions, Victory notes - a decrease ef 0,b million:., and Treasury certificates - a decrease of 35"2 millions, of which 15-6 millions represents the decrease for the New York City members. War paper, exclusive of lediscounts with the Federal Reserve banks, declined 16*4 mill'.ons, largely with the New York City "banks. A much larger decline, viz., of 67.3 millions is shown in loans secured by stocks and bonds, the New York City banka alone reporting net liquidation under this head of 55*1 millions. Other- loans and investments went up 24.1 millions during the week, as against about 'ji millions the week before. The net result of the above changes is seen in a reduction of about 98*9 millions in total loans and investments of all reporting banks, and of 83-1 millions in the loans and investments of the New York City member banks. Rediscounts of customers' paper with the Federal Reserve banks show an increase for the wee^jey£ 72*5 millions, and bills payable - an increase of 1-5*7 millions. War paperounder discount for reporting members by the Federal Reserve banks increased from about 1,226 to 1,2'12•.5 millions, and ordinary commercial paper thus held increased from bt>3,7 bo 7^0.^ millions. The New York Federal Reserve Bank reports an increase from 459*4 to .3 millions in war paper and from 198.3 to 235-1 millions in other paper held under discount for the New York City members. Government deposits declined 48.4 millions (about 26 millions in New York City) while other deposits (net) went up 23*3 millions, and time deposits - about 6 millions.For the New York City banks decreases of 15»6 millions in net demand deposits and of 6.6 millions in time deposits are shown. Reserve balances (all with the Federal Reserve banks) in accordance with the reduction in deposit liabilities of the reporting banks, fell off 18*8 million#, (13*4 millions in New York City). Cash in vault, largely Federal Reserve notes, increased 3&«1 millions, over one-half of this increase being shown for members outside Federal Reserve bank and branch cities. Released for publication Monday morning, February 23, 1920; not earlier. PRINCIPAL RESOURCE AND LIABILITY ITEI^S OF REPORTING MEMBER BANKu IN Li^DINu Cj-ilES. (Amounts in thousands of doll; Aug. 15, 1519 Feb. 6, 1920 b. 13> 1S20 St.Q^oa Feb.1%, 1519 80% 80% 773 771 U. S. bonds to secure circulation - - - - - - - - - - - - - - - - - - - - - - - 269,23% 269,263 268,988 263,111 Other U-. 8., bonds including Liberty bonds - - - - - - - - - - - - - - - - - - - 59%, 519 597,9%2 6%%, 1 9 5 723,713 211,693 212,317 329,%%2 695,895 731,06s 1,200,736 1,7%2,993 1,771,3^5 1,810,590 2,%%3,361 2,729,517 Loans and investments, exclusive of bills rediscounted with F.R,& other banks: Loans secured by U. S. war obligations * 7 Loans secured by stocks and bonds other than U. S. securities All other loans and investments - — --- 922,415 3,222,16% 9,793,996 933,777 3,289,510 9,77%,879 1,30%,031 2,925,961 1,170,031 Reserve balances with F. R. bank 1,398,371 1,%17,159 1,360.55k 1,255,%38 323,279 3%7,2lS 3%7,l%5 361,13S 11,551,077 ll,%77,835 10,879,079 9,911,667 2,500,862 2,%9%,912 1,896,770 1,o2%,%5% 156,81% 205,168 62%,7%% 6%%,536 961,925 9%%,062 ) 5,699 ) 1,006,902 1,039,^67 320,560 376,113 23.3 26.0 Number of reporting banks - - - - - - - - - - - - - - - - - - - - - - - - - - - U. S. Victory notes - - - - - - - - - - - - - - - - - - - ___ : U. 5. certificates of indebtedness Total U. S. securities - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - Cash in vault Net demand deposits Time deposits - - - - - Government deposits - - - - - - - - - - Bills payable with Federal Reserve Bank: Secured by U. S. war obligations All other Bills rediscounted with Federal Reserve Bank: Secured by U.S. war obligations All other - - - - - - - - - - - - -- - - - - - - - 3,535 - - - - - - - - - - - - - - Ratio of U.S. war securities and war paper to total loans and investments, •per cenu - - 280,506 736,888 15,% 281,936 ) 663,0%8 ) 15-7 - J 3,273,950 ) 10,072,938 Released'for publication Monday morning-, February 23, 1920; not earlier. St.9463? PRINCIPAL RESOURCE MID LIABILITY IT05S OF ALL REPORTING ISHBEI; BANKS IN EACH FEDERAL RESERVE DISTRICT AS AT CLOSE OF BUSINESS FEB*. 13,1920. (Amounts in thousands of dollars.) Boston Nev/ York Federal Heserve District Phila . Clevsl. Richm. Atlanta Chicago St.Louis Minn. iCans- Cy. Dallas San Fran. Total H0. reporting "banks 46 112 82 56 92 47 107 35 44 S3 35 65 804 U.S. bonds to secure circulation 13,011 48,637 11,097 41,842 26,551 14,015 20,929 17,177 7,170 14,627 19,573 3 r,S05 269,234 Other U.S., incl• Liberty bonds 14,606 239,7}4 2 7 , 3 1 1 62,185 35,105 28,915 59,108 14,250 10,566 2 2 , 1 5 2 . 18,335 62,24s 594,515 U. S. Victory notes 83,282 11,511 2 3 , 2 6 2 10,032 7,855 4,145 2,446 7,337 39,597 4,081 1 2 , 8 3 9 5,310 211,658 U.S.certificates of indebtedness 31,766 Total U, S. securities 67,238 289,283 49.900 660,936 99,319 181,417 54.128 2 1 . 1 1 8 93,030 26,986. 106,169 77,253 225,803 11,2?? 10,779 ?Q.1C;LN 55,374 33,404 52,868 71,530 1 5 2 , 6 7 4 —1%S51 UP TC. | 0 j 0**^ Jj 1,771,3% Loans and investments exclusive of bills rcdiscounted with F.E. and other banks: Loans sec-by u.s.war oblig. 39,941 462,764 79,SIS S4,659 33,199 22,103 97,464 29,396 15,100 1 9 , 5 5 0 7,085 31,124 9 2 2 415 Loans sec.by stocks & bonds 196,263 1,367,251 206,222 3^5,771 106,505 59,700 498,421 160,838 23,4c4 76,246 14,846 l4l,697 3 222*164 All other loans & investments 669,812 3,467,655 538,424 8 3 3 , 3 7 6 349,736 3 66,021 1,462,460 330,824 2 5 6 , 7 8 3 458,249 2 2 9 . 3 3 7 8 1 6 , 1 1 9 9,79S]996 Reserve balances with F-R. bank 81,279 665,422 59,83S 90,22S 39,727 35,938 199,469 45,060 23,025 Cash in vault 25,152 129,046 17,916 32,516 17,065 13,105 70,521 11,021 8^616 49,324 2 7 , 2 0 6 78,855 1,395,371 15,284 31,290 383,279 11,747 Net demand deposits 795,641 5,112,686 665,6o4 864,758 367,859 312,22S 1,472,176 375,477 233,171 472,119 255,177 624,181 11,551,077 Time deposits 133,275 334,902 26,070 354,884 7,822 72,482 5,899 15,329 3,314 3,817 440,912 85,246 75,085 39,871 41,918 500 125 Government deposits Bills payable with F.E.Dank: Sec. by U.S.war obligations All other 31,797 Bills rsliscountod with I"-.?.. Bank Sec• by ¥. S. vxr obligations 47,567 All other 76,167 111,951 243,690 76,738 43,191 99,382 1 3 0 , 4 3 4 8,226 7,170 3,506 38,035 19,160 23,036 42,878 469,924 2 , 5 0 0 , 8 6 2 535,611 118,705 62,034 92,763 24,356 3,880 587 3,056 4,790 11,422 156,514 121,i4i 31,451 15,166 17, # 0 22,570 39,788 85 961,985 3,535 1,322 280,506 36,514 736,888 10,020 131,813 8,507 40,710 150 2,675 2,634 2,825 4l,s4l 37,259 4o 5,472 5t,o%6c Released for publication Monday morning, February 2], 1920; not earlier. PRINCIPAL RESOURCE AND LIABILITY ITEMS OF MEMBER BANKS IN F.R. BANK AND BRANCH CITIES AND ALD 093333% REPORTING BANKS. (Amounts in thousands of dollars.) F . R. All F.R. All other Branch cities City of Chicago bank cities reporting banks New York City Feb.13- Feb.6 Feb.13 Feb.6 Feb.13--———Feb * 6 Feb.13-——-h1 eb * 6 Feb.13 Feb.6 Number of reporting banks 71 71 276 276 193 193 50 50 335 335 U.S. bonds to secure circulation 70,804 70,804 57,160 101,270 38,940 39,190 1,438 1,438 96,902 101,557 208,731 211,549 24,945 24,767 329,491 332,872 142,821 141,744 122,207 123,326 72,823 72,075 15,361 15,772 112,645 112,299 53,324 54,71b 45,729 45,304 274,Q?1 ?90,4Q4 32^-705- bx^kTS— 4.6^.015— 595, Ui 5 613,30s 80,449 83,452 Loans and investments, exclusive of bills rediscounts! with F.R. aiid other banks: 448,714 Loans secured by U.S. war obligations 435,582 1,213,675 1 , 2 6 8 , 7 8 4 Loans secured by stocks and bonds 3,096,535 3,093,501 All other loans and investments 384,940 850,580 386,559 835,785 145,557 1,026,661 U- S* Victory notes U. S# Certificates of indebtedness Total U, S- securities 66,886 67,545 1,006,421 1,036,067 698,246 —S3~6QQ- 149^280— 713,669 — 4lb,229 420,256 3^.696 354,267 125,301 123,974 478;266 98,86s 416,299 101,1)4 419,392 2,330,808 2,391,252 475,057 6,141,375 6,149,340 1,952,394 1,527,^5 1,704,627 1,697,69b 1,044,730 192,855 204,104 172,855 168,325 209,476 73,145 71,344 84,96s 66,39S Reserve balances with F. R. Dank 626,485 639,501 132,545 Cash in vault 115,177 110,235 38,097 37,510 220,166 4,647,471 4,663,05s 985,018 956,529 8,022,297 8,018,570 1,772,305 1,7^3,351 1,756,475 1,715,Sib 298,216 304,811 267,156 266,952 1,153,365 1,155,684 70,831 96,830 12,121 12,692 115,662 329,302 56,15b 53,^50 110,131 6,085 192,313 18.9 Met demand deposits Time deposits Government deposits Bills payable with F. R. Bank: 401,394 Secured by U.S. war obligations All other Bills rediscounted with F- R. Bank: 106,911 Secured by U.S. war obligations 235,091 All other Ratio of U.S.war securities and war paper to total loans and investments, per cent 18.6 ' 725,364 549,513 549,26b 153,717 26,863 33,465 14,289 17,926 667,857 500 651,545 192,996 2,260 192,135 4,37b 101,132 100,382 825 247,501 593,570 2bs,267 520,906 16,4.57 86,085 17,523 16,54s 109,480 3,615 101,563 54,645 57,233 16,146 57,497 10.5 10.9 15.8 16.0 15.9 16.1 13.6 13-9 500 797,984 775
@FedFRASER