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STATEMENT FOR THE PRESS : ' Released f o r p u b l i c a t i o n Sa-tunday a f t e r n o o n , Feb. 24-; not e a r l i e r . st.3369. Federal Reserve Board, February 23, 1923. CONDITION OF MEMBER BANKS IN LEADING CITIES. II | ' g • : j : s I ^ \ ; Aggregate i n c r e a s e s of $$1,000,000 i n loans secured by corporate o b l i g a t i o n s and of $18,000,000 i n other loans and d i s c o u n t s , o f f s e t i n part by n e t l i q u i d a t i o n of $11,000,000 of Government s e c u r i t i e s , are shown i n the Federal Reserve Board*s weekly statement of condition on February l 4 of 778 member banks i n leading c i t i e s , Member banks i n New York City report i n c r e a s e s of $29,000,000 i n loans on corporate s e c u r i t i e s and of $10,000,000 i n other loans and d i s c o u n t s , as against a reduction of $17,000,000 i n investments, mainly Government s e c u r i t i e s . Since the c l o s e of l a s t year loans secured by corporate o b l i g a t i o n s shown by the reporting banks have d e c l i n e d about $47,000,000, while a l l o t h e r , l a r g e l y commercial, loans and discounts have increased by about $226,000,000. For the same period the New York City members show a decline of $57,000,000 i n loans on corporate s e c u r i t i e s as against a r i s e of $1IS,000,000 i n a l l other loans and discounts^ Government d e p o s i t s declined by about $20,000,000, time d e p o s i t s increased by about $5,000,000,while net demand deposits show an advance of $127,000,000, l a r g e l y outside of New York City, Borrowings of the reporting i n s t i t u t i o n s from the Federal reserve banks increased from $357,000,000 to. $446,000,000, or from 2 . 2 to 2.7 per cent of t h e i r t o t a l loans and investments. For member banks i n New York City an increase from $168,000,000 to $234,000,000 i n borrowings from the l o c a l reserve bank and from 3»2 to 4 , 5 per cent i n the r a t i o of these borrowings to combined loans and investments i s noted. Since December 27 of l a s t year accommodation lof a l l reporting banks at the reserve banks has gone up over $70,000,000, while l i k e accommodation of the New York City banks has increased about $150,000,000, Reserve balances of the reporting i n s t i t u t i o n s show an increase f o r the week of $54,000,000, while cash i n vault rose about $3,000,000. Corresponding changes for the New York City banks comprise an increase of $27,000,000 i n reserve b a l ances and a nominal change i n cash. on Following i s a statement of changes i n the 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 February l 4 , 1923, as compared with a week and a year ago: Increase or Decrease In m i l l i o n s of d o l l a r s since Feb, 7 , 1923 Feb, 15, 1922 ' Loans and discounts - t o t a l . . . . . . . . . . Secured by U, S. Govt, o b l i g a t i o n s . . . . . Secured by stocks and bonds All other „ t F ^ | i + + + + 69 3 51 15 - + + + 1,037 498 481 42 100 + + 150 17 Investments, t o t a l U, S. bonds U, S. Victory notes and Treasury notes . . . Treasury c e r t i f i c a t e s Other fetocks and bonds * - 13 2 2 15 2 Reserve balances with F. R, Banks Cash i n vault + + 5^ 3 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 , . . . . . . . . . . . . . . . + + 20 127 5 Total accommodation a t F, R. Banks * 89 + + - 41 + + 572 l6S 602 1^4 - 309 1,292 + 666 + + 68 Released, f o r p u b l i c a t i o n Saturday a f t e r n o o n , Feb, 24, 1923; not e a r l i e r . st. 3369a. PRINCIPAL RESOURCE AND LIABILITY ITEMS OF REPORTING MEMBER BANKS IN LEADING- CITIES. (Amounts in thousands of d o l l a r s ) • - - - - - - - - - - - - - - - - - - - Feb. 14, 1923 778 - - - - - - - - - - - - - - - - - - U. S. s e c u r i t i e s ) - - - - - - - - - - - - - - - - - - - - - - - - - - - - 273,484 3,727,947 7,507,265 270,225 3,677,129 7,491,963 258,530 3,513,741 7,036,497 7,362,681 Total loans and d i s c o u n t s - - - - - - - - - - - - - - - - - - - - - - - - - 11,505,696 11,439,377 10,808,768 10,930,203 1,326,189 997,684 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, o b l i g a t i o n s - Secured by s t o c k s and bonds ( o t h e r t h a n All o t h e r l o a n s and d i s c c u n t 3 - - - - U. S, pre-war bonds Feb. 7, 78Q 1923 Aug. 16, 1922 791 Feb. 15, 1922 807 441,727 3,125,795 281,716 231,103) 1,071,655 1,067,563) 142,ObS 145,115) 93^,102 936,390 689,968 456,782 165,482 160,335 199,515 207,972 Other bonds, s t o c k s , and s e c u r i t i e s - - - - - - - - - - - - - - - - - - - - - - 2,191,415 *2,192,888 2,317,589 2,090,869 T o t a l loans and d i s c o u n t s and investments - - - - - - - - - - - - - - - - - - 16,299,-34 *16,242,771 15,342,029 14,683,510 1,433,766 1,^-29,953 I,360,173 1,333,056 287,386 284,237 263,296 269,880 - - - Il,6l2,4l8 11,485,233 II,012,926 10,320,674 - - 3,727,654 3,722,762 3,587,575 U. S. L i b e r t y 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 Reserve b a l a n c e w i t h F. R. Bank - - Gash 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 payable and r e d i s c o u n t s with Federal Reserve Batik: Secured by U. S. Govt, o b l i g a t i o n s - - - - - - - - - - - - - - - - - - - - All other 114,254 134,371 177,223 3,061,970 422,896 343,083 103,l6l 257,239 99,574 52,695 57,533 171,623 206,604 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 t o t o t a l l o a n s and investments, p e r cent - - - - - - - - - - - - - - - - - - 2.7 2.2 •Revised f i g u r e s . 0.7 2,6 Released f o r p u b l i c a t i o n Saturday a f t e r n o o n , Feb, 24, 1923; not e a r l i e r , &c . j>jo'^h. PRINCIPAL RESOURCE AND LIABILITY ITEMS OF ALL REPORTING m # E R BANKS IN EACH FEDERAL RESERVE DISTRICT AT CLOSE OF BUSINESS IBKJABY 14, 1923. (Amounts in thousands of d o l l a r s ) ___ Boston New York P h i l a . Cleve. Federal Reserve D i s t r i c t Rich. A t l a n t a Oh ic ag 0 St. I, oais Minn, Kans.Cy. D a l l a s San Fran. T o t a l 46 84 106 Number of r e p o r t i n g banks 66 56 52 107 36 30 78 778 78 39 Loans end d i s c o u n t s , g r o s s : Secured by U. S. Govt, o b i i g . 14,450 91,594 20,457 244,251 1,653,022 236,624 Secured by s t o c k s and bonds All e t h e r loans and d i s c o u n t s 605,922 2,367,660 334,153 Total l o a n s and d i s c o u n t s U. S. pr e- w a r bonds U. S. L i b e r t y bonds U. S. Treasury 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 • o f indebtedness £64,653 4,122,276 591,234 1,059,261 445,245 404,v.5b 1,681,718 458,59 5 245,166 446,809 263,072 12,797 77,636 6,135 48,46l 11,464 48,136 30,480 14,361 486,415 46,444 47,725 4,656 121,163 9,279 32,783 4,725 29,471 514,350 53,573 55,670 . 9,138 81,901 1,578 746,565 186,667 Other b o n d s , s t o c k s & s e c u r i t i e s 175,496 T ot al l o a n s and d i s c o u n t s and investments 31,807 10,602 8,267 8,421 40,580 17,911 7,571 5,569 369,598 124,592 61,475 553,696 137,7c5 45,984 78,281 51,134 657 , 87 6 313.054 335.312 1,087,442 302,898 190,915 360,107 206,319 8,818 16,255 161,424 745,107 273,484 3,727,947 7,507,265 922,786 11,508,696 36,247 281,-716 2,995 95,654 14,631 1,071,655 142,068 21,210 15,033 49,510 938,102 2,558 5,411 3,237 12,068 165,482 30,884 59.862 . 5,747 153,181 2,191.415 11,929 3,092 23,788 98,418 33,068 15,324 24,802 9,742 16,300 2,474 10,776 5,659 134,493 24,850 11,890 3,252 5,239 25,481 290,407 52,373 36,130 360.740 12,073 46,042 19,775 12,758 4,827 23,507 3,709 90,363 1,175,326 6,046,412 £96,897 1,595,818 582,637 481,268 2,357,706 627,385 329,707 596,234 325,647 1,284,097 16,299,134 Reserve b a l a n c e with F. R. Bk. 88,270 685,323 70,333 114,863 36,690 35,670 205,120 43,843 25,892 54,152 26,935 96,675 1,483,766 Cash i n v a u l t 18,399 82,539 16,762 31,526 13,993 10,913 55,318 8,330 6,213 11,740 9,686 21,967 287,386 Net demand d e p o s i t s 841,874 4,967,662 702,612 Time d e p o s i t s 243,274 8,484 731,402 16,403 16,994 239,241 30,799 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: Secured by U-S. Govt, o b l i g . All other 74,433 47,779 10,999 23,013 12,143 933,893 344,848 293,789 1,528,733 384,705 214,589 469,444 244,442 685,427 11,612,418 548,677 149,263 164,557 2,818 5,235 5,893 3,727,654 114,254 343,083 103,161 16,121 6,167 10,184 10,848 444 2,857 756,270 184,571 4,4io 15,534 14,394 8,399 1,401 1,747 85,085 125,614 71,230 3,446 1,240 1,490 593,278 6,926 115 1,415 2,999 2,657 529 2,187 18,239 6,94s Rele used f o r p u b l i c a t i o n Satruday a f t e r n o o n , February 24,-1923; not e a r l i e r . St.3369c PRINCIPAL RESOURCE AND LIABILITY ITB1S OF REPORTING MEMBER BATES IN F. E. BAIK Aim :3mm: 31 TIES AMD IN OTHER S:iLEC'ED CITIES — — (-Amounts i n thousands of d o l l a r s ) All F. R. F. R. Other New York City C i t y of Chicago Bank c i t i ^ c Branch c i t i e s •selected c i t i e s Feb. 14 Feb. 7 Feb. 14 Feb. 7 Feb. 14 Feb. 7 Feb. 14 Feb. 7 Feb. 14 Feb. 7 Number of r e p o r t i n g banks 63 54 49 50 260 262 207 207 311 311 Loans and d i s c o u n t s , g r o s s : Secured by U. S. govt, o b l i g . 32,284 79,509 164,150 122,157 31,21b 31,197 49,370 48,334 39,964 39,734 Secured by s t o c k s and bonds" 1,457,579 1,458,253 418,523 403,604 2,713,356 2,673,520 551,33s 543,420 463,233 460,159 ivli ot:ier loans and d i s c o u n t s 2,070,708 2 , 0 6 3 , 3 3 7 630,548 635,577 4,626,272 4,620,248 Total l o a n s and d i s c o u n t s 3,640,571 3,601,599 1,080,2921,074,373 7,523,77S 7,475,935 2,137,585 2 ,122,453 1,847,033 1,840,934 tJ» S. .pre-war bonds 37,835 37,836 2,245 2,415 93,826 92,169 76,354 76,954 106,036 105,980 U. 5. L i b e r t y bonds 417,205 413,293 40,389 40,959 650,564 651,721 249,954 245,058 171,137 170,734 U. S, T r e a s u r y bonds 36,628 36,631 25,750 25,958 37,932 88,067 24,200 29 ,936 31,4:9 25,579 U. 3. Victory n o t e s and Treasury n o t e s 483,293 485,620 90,284 87,co6 722,601 724,298 137,329 134,678 73,172 77,414 U. S. C e r t i f i c a t e s of indebtedness 90,860 79,459 13,369 14,171 109,360 123 ,012 35,963 35,190 20,159 22,133 O t h e r bonds# s t o c k s , and s e c u r i t i e s 545,063 546,777 134,977 187,752 1,193,008 1,196,192 422,466 *420,620 575,941 576,076 T o t a l loan* and d i s c o u n t s and investments 5,240,059 5,217,621 1,437,3061,432,639 10,386,069 10,357,444 3,243,862 3,221,883 Reserve balance with 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 payable and r e d i s c o u n t s w i t h F. R. Bank: Secured by U. S. Govt, o b l i g . A l l other R a t i o of b i l l s payable and r e d i s c o u n t s Witfc F. tU B&nk to t o t a l loans and l a v e s W e s t * , p e r cent w. 632,955 605,697 68,822 69,280 141,513 144,936 1,063,338 1,020,843 30,932 28,809 149,013 144,875 669,203 *2,663,444 245,981 238,295 173,947 170,815 60,979 62,643 77,394 76,719 21,658 17,23s 18,425 21,143 4,466,069 4,447,343 1,021,2571,026,432 7,962,409 7,399,994 1,943,576 1,908,032 1,706,433 1,677,207 480,123 482,738 364,006 366,694 1,780,372 1,784,732 1,146,274 1,134,642 801,008 803,388 44,099 51,534 10,194 11,951 35,070 99,541 19,089 22,505 10,095 12,325 213,930 19,953 153,615 14,122 5,910 7,291 3,671 5,753 273,917 70,511 205,093 62,535 4.5 3-2 .9 .7 3-3 2.6 47,50s 15,412 1.9 *Revised f i g u r e s . 33,721 15,846 1 . 5 1.5 1-5
@FedFRASER