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V-.- — - L", J 1 - -a- • - v Jfc '• «L- J. — * '-3 KD Released for p u b l i c a t i o n Konday morning, Feb. 28, not e a r l i e r . CO'TI'IO:r OF ^ t ^ ; St ,1815' F e d e r a l R e s e r v e Board, F e b r u a r y 26, i g z l , Tjy CITIES .'iirther r e d u c t i o n of 75 m i l l i o n s i n a g g r e g a t e l o a n s and d i s c o u n t s and of 26 m i l l i o n s I n accommodation a t the F e d e r a l R e s e r v e banks, as a g a i n s t a n e t a d d i t i o n of 56 m i l l i o n s t o i n v e s t m e n t s i n government and o t h e r s e c u r i t i e s , a r e i n d i c a t e d by t h e F e d e r a l Reserve B o a r d ' s c o n s o l i d a t e d w e e k l y s t a t e m e n t of c o n d i t i o n on F e b r u a r y 18 of 826 member banks i n l e a d i n g c i t i e s * Payments f o r T r e a s u r y c e r t i f i c a t e s a l l o t t e d d u r i n g t h e week a r e m a i n l y r e s p o n s i b l e f o r t h e subs t a n t i a l d e c r e a s e i n n e t demand and time d e p o s i t s and t h e c o r r e s p o n d i n g i n c r e a s e i n Government d e p o s i t s . Loans s u p p o r t e d by Government s e c u r i t i e s show a d e c l i n e of 13 m i l l i o n s , t h o s e s u p p o r t e d by c o r p o r a t e s e c u r i t i e s - by 8 m i l l i o n s , and o t h e r l o a n s and d i s c o u n t s , l a r g e l y of a commercial c h a r a c t e r , by 55 m i l l i o n s . C o r r e s p o n d i n g r e d u c t i o n s of l o a n s by t h e New York member banks i n c l u d e 9 m i l l i o n s i n 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 , 1C m i l l i o n s 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 , and 25 m i l l i o n s i n commercial l o a n s * * As a g a i n s t a r e d u c t i o n of 3 m i l l i o n s i n U n i t e d S t a t e s bond and V i c t o r y n o t e h o l d i n g s t h e banks show an i n c r e a s e of 38 m i l l i o n s i n t h e i r -roldings of T r e a s u r y c e r t i f i c a t e s and of 2% m i l l i o n s i n t h e i r investments i n other s e c u r i t i e s # A r e l a t i v e l y smaller increase (by 15 m i l l i o n s ) i n i n v e s t m e n t s i s shown f o r t h e member banks i n New York C i t y , i n c o n s e q u e n c e p r o b a b l y of t h e r e l a t i v e l y l a r g e r p r o p o r t i o n of n e w l y i s s u e d s e c u r i t i e s t a k e n by l o c a l i n v e s t o r s . Accommodation o f t h e r e p o r t i n g banks a t t h e F e d e r a l R e s e r v e Banks shows a d e c l i n e f o r t h e week from 1,873 t o 1,8^7 m i l l i o n s , or fr'cm 11.6 to 1 1 , 5 p e r c e n t of t h e banks* t o t a l l o a n s and i n v e s t m e n t s , For t h e New York C i t y members a r e d u c t i o n of accommod a t i o n from 833 t o 791 m i l l i o n s and a d e c l i n e in t h e r a t i o of a c commodation from 15<7 t o 15 p e r c e n t a r e n o t e d » i ^ 1 r As a g a i n s t r e d u c t i o n s o f 78 m i l l i o n s i n n e t demand d e p o s i t s and o f 11 m i l l i o n s i n time d e p o s i t s , t h e r e p o r t i n g banks show an i n c r e a s e of 81 m i l l i o n s i n Government d e p o s i t s - Net demand d e p o s i t s of t h e New York C i t y banks, b e c a u s e of t h e c o n s i d e r a b l e r e t u r n f l o w of f u n d s from t h e i n t e r i o r , show a 2 m i l l i o n i n c r e a s e , accompanied by a l o s s of 12 m i l l i o n s i n time d e p o s i t s and by an i n c r e a s e of 32 m i l l i o n s i n Government d e p o s i t s * R e s e r v e b a l a n c e s of a l l r e p o r t i n g banks d e c l i n e d by about 15 m i l l i o n s , w h i l e t h e i r c a s h i n v a u l t shows an i n c r e a s e f o r t h e week of 9 m i l l i o n s * For t h e Few York C i t y banks i n c r e a s e s of 4 m i l l i o n s i n r e s e r v e b a l a n c e s and of 2 m i l l i o n s in c a s h a r e shown. R e l e a s e d f o r p u b l i c a t i o n Monday m o r n i n g , F e b r u a r y 28, 1921; n o t e a r l i e r * PRINCIPAL RESOURCE Aim LIABILITY IT@1S OF REPORTING BRIBER BANKS IN LE/iDING CITIES (.Amounts i n t h o u s a n d s of d o l l a r s ) F e b , 13, 1 9 2 r ^ F e b . " i l , 1921 Number of r e p o r t i n g banks - - - - - - - - - - - - - - - - - - - - - - - - 826 828 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 c o u n t e d witl: F. R. Bank: Loans s e c u r e d by U, S , Govt^ c b l i z a t i o n s 782,813 Loans s e c u r e d by s t o c k s and t ends ( o t h e r than U* S , s e c u r i t i e s ) - ~ ~ ~ ~ 3 * 032, 645 A l l o t n 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 12,788,850 796,13^ 3, C40, S36 8 , 9 73 >392 12,86-5,382 it* s» bonds 866,269 Ut f), V i c t o r y n o t e s - - - - -- - - - • - - - - - - - - - - - - - - - - - - - - - 19 9 > 037 U* o 246,048 208, 296 - - - - ~ - - - - - - - - - - - - - - - 1, 997, 2'4p 1,97 5.959 T o t a l l o a n s 6: d i s c o u n t s , 6 i n v e s t s . i n c l u d i n g b i l l s r e d i s c *d .with F$R,Bk^ - - 16,097*444 16,118,019 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 Other bonds, s t o c k s and s e c u r i t i e 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 ipriand 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 w i t h F e d e r a l Reserve Bankt S e c u r e d bv U > 3* G o v t . o b l i g a t i o n s All other B i l l s r e d i s c o u n t e d w i t h F e d e r a l Reserve Bank: S e c u r e d by U< S . G o v t , o b l i g a t i o n s All other - 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 . H. Banks 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 ~ ~ 1, 293 * 847 865, ?59 202,523 St,1815a, _____ Aug, 20,1920 818 959,^09 3>006, 445 9 $ 028 1 (a) F e b , 20,1920 806 1» 163,364 3»17 2,o4o __ (a) (a) 875i 297 866,997 159,809 211,064 443, 453 (a) 16,881,892 ( 686,017 ' (a) l6,574,799 1, 308,755 l t 362, 501 1,399*33^ 323>855 314,35& 352,058 369i959 10,552,993 10,630,9^1 11,246,938 11,423,157 2,907,210 2,917,771 2,723,828 2,51^,725 l42,082 60,824 l 4 5 $ 274 59 >3^7 550,663 l,0l4 562,333 790 756,186 l,84g 1,029,432 2,660 204,600 1,090,466 207,952 1,102,049 268,399 1,060,063 271,897 753,^07 ? 11.5 11 >6 12.4 (a) Comparable f i g u r e s n o t a v a i l a b l e . 12 >4 H e l a a s e a i o r pu o r a t i o n Honda:/ m o r n i n g , F e b r u a r y 28, I 9 2 I ; n o t e a r l i e r ,»,K. q. PRINCIPAL RESOURCE AMD LIABILITY ITEMS OF ALL REPORTING BATIKS EA(?T FEDERAL RESERVE DISTRICT AT CLOSE OF BUSINESS FEBRUARY IS 1921. — —— (Amounts i n t h o u s a n d s o f d o l l a r s ) ' :— imSEFB l J S r ? e p i w n r w S r i C t l o a n s and d i s c o u n t s i n c l u d ing "bills ^ d i s c o u n t e d w i t h 3% R» Bank: B °i9°n Ix%/; 1i° rk Phl 5g a ' C l 8 ^1- IV E i | ^ ' A t l 5| t a C h i ^°114 ' ^.Louis Minn. K a n s . C y . D a l l a s " ^5 62 52 3 7 San F r a n : 69 Total 826 18111-11 JS iS iSis 5; |;E It II f 1 ,!;|; SStStB IS >?:S »ig R# RS s|&r„ s.ool 1 0 : ^ m S M investments including b i l l s rediscounted, wit,. 1 , 0 7 9 , 8 3 3 6 , 0 2 2 , 5 7 2 9 1 8 , 0 8 8 1,529,'617 5 9 3 , 3 7 5 4 9 1 , 1 8 4 2 , 3 5 4 , 9 3 4 595,04U 3 2 4 , 0 7 1 6 0 0 , 8 9 9 3 2 7 , 0 3 4 1 , 2 6 0 , 7 9 3 1 6 , 0 9 7 , 4 4 4 R e s e r v e b a l a n c e wit": F . F . B a n k 77,291 601,546 . 64,123 Cas.1 i n V a u l t 23,693 102,431 17,099 101,10 1 33,527 28,175 179,301 44,730 19,365 43,973 24,27 1 76,444 1,293,847 33, 64Q 15,734 11,545 54,99s 9,166 7,059 12,954 10,811 24,716 323,855 Net demand d e p o s i t s 751,172 4,657,899 636,458 9 0 3 , 8 9 2 3 2 6 , 5 8 1 2 3 8 , 8 0 9 1 , 3 1 5 , 7 9 9 328, 6 4 l 1 8 2 , 0 4 5 4 0 1 , 3 2 8 2 1 2 , 8 6 3 597,511 10,552,998 Time d e p o s i t s 166,337 433,957 39,027 4 3 4 , 5 i o 116,266 144,276 59,961 540,4i4 2,907,210 Government d e p o s i t s 12,627 6d,110 12,388 2,27 1 7,883 142,082 B i l l s pa a b l e w i t h F-R.3ank: : 7, M S 110 17,774 380 550,663 1,014 U 1 "other" S " G0Vt ' ° b U S ' sGovt0Mts ' ' - B i l l s r e d i s c o - n t e d w i t ' : . ^.R.Banlr: 2 6 , 9 3 5 ; ; 2 5 3 , 7 1 8 - 11,003 • 4 3 '215 U-% 3,021 1,469 660,275 142,706 15,848 68,102 101,379 3 , 823 2,915 2,724 • 31 > 6 26,536 3b - 27,009 110 70,980 - 16,54 - < 7 7 7 19,939 378 «:ig $»> «% , Released, f o r p u b l i c a t i o n Monday m o r n i n g , Februa a r y 28, 1321; n o t e a r l i e r Pi.ITNCIPAL RESOURCE, AAD LIABILIiY ITEMS OF REPORTING T1HCBER BANKS I F F . R. BANK AH) BRANCH CITIES AMD ALL OTHER REPORTING- BANKS. " (Amounts i n t h o u s a n d s of d o l l a r s ) A l l F. E . F . R. All 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 r e p o r t i n g banks F e b . 18 F e b . 11 F e b . 18 F e b . 11 Feb, 18 F e b . 11 F e b . 18 F e b . 11 F e b . 18 Feb. 11 Number of r e p o r t i n g banks 72 72 52 52 28? 287 216 216 323 3 25 Loans and d i s c o u n t s i n c l u d i n g bi 11 s r e d i s c 1 d .*vith F . R . B a n k : Loans sec . by TJ. S .Govt . o b l i g . 327,180 335,792 66,332 61,101 575,15S 581,746 117,4io 123,693 90,245 90,695 Loans s e c - b y s t o c k s & bonds 1,100,396 o'crffo' 316,085 3 1 8 , 5 6 2 2, 118, 361 2, 123 , 240 tCU,UH^ HQ I , H-Od 42^85,,2 3 9 4JU,114 486,045 487,482 4 4 30,114 A l l o t h e r l o a n s and d i s c o u n t s 2 . 8 5 4 . 520 2,880,025 853,97o 854,692 5 , 9 1 8 , 2 7 5 5,94-1.515 1 . 6 1 9 . 0 8 1 1 , 6 5 2 . 2 6 9 1 . 4 3 6 , 0 3 6 1 . 4 3 4 , 6 2 8 T o t a l l o a n s and d i s c o u n t s U,282,396 4 , 3 2 6 , 3 0 5 1 , 2 3 6 , 3 9 3 1 , 2 3 4 , 3 5 5 8 , 6 1 1 , 7 9 4 8 , 6 4 6 , 5 0 1 2 , 2 2 2 , 5 3 6 2 , 2 6 3 , 4 4 4 1,954, 520 1 , 9 5 5 , 4 3 7 TJ. ^ . V - F. TJ, p . Other bonds Victory notes 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 bonds, s t o c k s & s e c u r i t i e s T o t a l l o a n s and d i s c o u n t s , and investments including b i l l s red i s c o u n t e d w i t h ;F. R. Bank B e s e r v e b a l a n c e \%'ith P . Bank Cash i n vav-l t r e t denand d e p o s i t s Zlme d e p o s i t s Government d e p o s i t s 255,617 76,845 117,178 553.548 5, 285, 584 253,194 80,257 —zf6j-74 18,887 12,824 nil?'0 143,999 18,493 12,867 f' ^ 134,867 430,709 111,230 1 7°,855 1.109.327 430,420 116,485 145,624 1,092,871 5,314,212 1,421,179 1,409,230 10,433,915 10,431,901 220,417 52,364 45,713 S4P QOR 3,083,935 3,111,999 2, 579,59% 2 , 5 7 4 , 1 1 9 130,248 134,430 9^2, 993 948,759 197,439 206,060 153,415 153,936 90,662 88,555 32,526 31,160 184,198 179,610 63,871 61,163 75,786 73,585 4,167,465 K 165,417 929,036 934,297 7,335,174 7,385,331 266,355 278,620 310,810 310,129 1,328,214 1,338,372 328, 533 929, 509 650,463 649,890 63,242 30,633 7,067 2,396 109,833 50,19U 20, 270 7,291 11,379 3,339 229,382 249, 224 22, 723 16,289 357,117 367,717 132,021 655 133,515 355 61,525 359 61,097 435 171,691 851,358 170,643 850,156 24,072 119,347 28,379 127,354 8,837 119,261 8,930 124,539 13.2 13-3 95,932 466,171 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 . B k . ^ t o t o t a l l o a n s 5md i n v e s t s . , p e r c e n t 15 *0 214,108 35,503 26,170 342,901 553,875 - " B i l l s r e d i s c o u n t e d v:;i t h T. P . Bank: Sec • by TT„ 8» Govt • o b l i g a t i o n s All other 215,143 35,443 29,480 345.008 557,877 1,687,547 1,702,512 171 B i l l s payable with ."R* Bank: S e c . by uh r.. Govt - o b l i g a t i o n s All other 221,331 50,535 36,502 540,187 9^,383 489,589 10,714 i l l , 130 15.7 10-2 - 11,496 108,473 9-7 — 9-0 9-3 1,530,277 1,543,098 7-4 7.6
@FedFRASER