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STATE: ISHT 7QR THE PZEG3 •Beleased 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. 3; not e a r l i e r . St.2585. F e d e r a l Reserve Board, . F e b r u a r y 2 , 1^22. COITDITIOI' OF MEMBER BASKS 1U LEAjDIHG C I T I E S . Aggregate r e d u c t i o n s of about $$6,000,000 in loans and d i s c o u n t s , o f f s e t in p a r t by f u r t h e r i n c r e a s e s of $19,000,000 in i n v e s t m e n t s , l a r g e l y in U n i t e d S t a t e s and c o r p o r a t e s e c u r i t i e s , and commensurate dec r e a s e s i n demand d e p o s i t s and borrowings from the F e d e r a l r e s e r v e b a n k s , a r e i n d i c a t e d in 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 ment of c o n d i t i o n on January 25 of 304 member banks in l e a d i n g c i t i e s . These r e d a c t i o n s are due a p p a r e n t l y to a l a r g e e x t e n t t o t h e normal s e a s o n a l r e t u r n f l o w t o t h e banks of F e d e r a l r e s e r v e n o t e s and o t h e r c u r r e n c y , the amounts m q u e s t i o n a f t e r b e i n g c r e d i t e d t o cu s t o m ers ' d e p o s i t a c c o u n t s b e i n g u s e d by member banks t o reduce t h e i r own borrowings from t h e F e d e r a l r e s e r v e "banks. 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 : loans secured by U. S. Government o b l i g a t i o n s hy $19,000,000, loans secured by c o r p o r a t e o b l i g a t i o n s - by $33>000,000, and o t h e r , l a r g e l y commercial, loans and d i s c o u n t s , - b y $45,000,000. Corresponding changes f o r member banks in Hew York C i t y comprise r e d u c t i o n s of $ l b , 000,000 i n Government p a p e r , of $48,000,000 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 of $12,000,000 i n commercial loans p r o p e r . As a g a i n s t an i n c r e a s e of $10,000,000 i n the h o l d i n g s of United S t a t e s bonds, t h e r e p o r t i n g member banks show b u t nominal changes i n t h e i r h o l d ings of 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 and a r e d u c t i o n of *6,000,000 m t h e i r h o l d i n g s of T r e a s u r y c e r t i f i c a t e s . For t h e Hew York C i t y banks an i n c r e a s e of $4,000,000 i n U. S. bonds, a s a g a i n s t nominal changes i n o t h e r Government s e c u r i t i e s , i s shown. Investments i n c o r p o r a t e and o t h e r s e c u r i t i e s show a t o t a l i n c r e a s e of $17,000,000, of which $13,000,000 r e p r e s e n t s an i n c r e a s e i n Hew York C i t y . T o t a l loans and i n v e s t m e n t s , i n consequence °* * n s changes i n d i c a t e d , were $77,000,000 l e s s t h a n the week b e f o r e , t h e corresponding d e c r e a s e f o r t h e member banks i n Hew York C i t y b e i n g Y53 i^oo 1000, Accommodation 01 a l l r e p o r t i n g banks w i t h the r e s e r v e banks, mainly because of the r e t u r n f l o w of c u r r e n c y during t h e week, shows a r e d u c t i o n irom $4b0,000,000 t o $405,000,000, or f r o m . 3 . 2 t o 2 . 8 p e r cent of theoanks 1 t o t a l loans and i n v e s t m e n t s . For member banks i n Hew YorV City a decrease from $84,000,000 t o $62,000,000 i n t o t a l a c c o m o d a t i o n a t t h e l o c a l r e s e r v e bank and from 1 . 8 t o 1.3 p e r cent i n the r a t i o of acconmoa a t i o n i s n o t e d , Since J a n u a r y 28 of the p a s t y e a r t o t a l loans and i n vestments of the r e p o r t i n g members have d e c r e a s e d by $ 1 , 7 2 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 $ 1 , 4 9 9 , 0 0 0 , 0 0 0 , and t h e i r r a t i o of accommodation from 11.7 t o 2 . 8 p e r c e n t . Government d e p o s i t s of a l l r e p o r t i n g i n s t i t u t i o n s show a d ecreas e f o r the week of $ 1 8 , 0 0 0 , 0 0 0 , o t h e r demand d e p o s i t s (net) d e c l i n e d by about $61,000,000, w h i l e time d e p o s i t s show an i n c r e a s e of $3,000 000 ?or t s e ! f n l°r^rSi,tyr e d u c t i o n s of $7,000,000 i n Government d e p o s i t s and of $40,000,000 i n o t h e r demand d e p o s i t s , a s a g a i n s t an i n c r e a s e of *3 000 000 i n time d e p o s i t s , a r e n o t e d , ' In k e e p i n g w i t h t-ie f u r t h e r r e d u c t i o n s i n demand d e p o s i t s and borrowings from t h e r e s e r v e b a n k s , the r e p o r t i n g i n s t i t u t i o n s show a f u r t h e r dec r e a s e of $17,000,000 i n t h e i r r e s e r v e b a l a n c e s , a l l o u t s i d e of He;-; York i n v a u l t shows a f a t h e r d e c l i n e of §10,000,000, t h e t o t a l " of 7 r ?:? : oeing 2 . 7 p e r cent of t h e 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 i n s t i t u t i o n s . Iviemoer banks i n Hew York C i t y r e p o r t a r e d u c t i o n of $2,000 COO m t i i e i r cash h o l d i n g s , t h e i r t o t a l h o l d i n g s of $78,000,000 b e i n g 1.9 -,:er cent of t h e i r n e t demand d e p o s i t s . 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 & r n o o n , F e b . }, __ 1$22; not e a r l i e r • PEIiTCIPAL RLSGURCit AND L I A B I L I T I E S OF REPORTING BaKKS IN LEADING CIIISS • _____ oi.uato i n thousands of d o l l a r s ) Mumber of r e p o r t i n g banks 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 s ! w i t h F. R. s i n k 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 by s t o c k s and bonds ( o t h e r than U. S. s e c u r i t i & s ) - I 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 . bonds • U. S . V i c t o r y n o t e s U. S . T r e a s u r y n o t e s ' ^an- _ SC4 J a n . 18, 1$22 , J u l y 2J, 1921 g C6 814 1$22 470,439* 3,106,8g2 7,^-37,827 11,015,158* ^ lo8,076 ^ Other b o n d s , s t o c k s and s e c u r i t i e s __ Cash i n v a u l t ~ ~ ~ ~ . , Government d e p o s i t s B i l l s r e d i s c o u n t s ! w i t h F e d e r a l Reserve Bank: Secured by U. S. Govt, o b l i g a t i o n ! -'0>^30 • _ : : : : : : : : : : : 637,550 2,975,522 8,046,975 11,660,0^7 987,4% 1&9>30^ 866,979 lo5,59^ 1^0,391 5 6 >3°1 203,7b4 ^ 1,25 J a n , 28, 1021 829" 810,643 x Co4 102 9,032 S47 12,907,792 866,864 204/72$ 242,640 °'355 l,2b7,135 1*237.555 1,310,861 7c.,4g^ 10,270,792 <^88,238 10,331,732 315,55% 10,002,061 337,133 10,642,590 '337 3,017,564 2,905,293 2,918,849 ' 18d,084 95,^60 145,305 ^0,&51 198,403 289,459 582,440 l,Co8 615 1,471 r P i l l s p a y a b l e w i t h F e d e r a l Reserve $ank: Secured by U. S . Govt, o b l i g a t i o n s All other - . * A n o t h 3 r 5, - ^,692 :> ,u74,l#G —L»_J 93 ,4&7 lo,gig,529 ~ ~ U w 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 Het demand d e p o s i t s Time d e p o s i t s 2 . £%> »:>g* R a t i o of c i l l s payable and r e d i s c o u n t s ,vith 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 , per c e n t - - - *•* ' 3-2 •Revised f i g u r e s . 7.5 11.7 R e l e a s e d f o r p i b l i c a t i o n F r i d a y a f t e r n o o n , 7e"b. J , ' 1322; not e a r l i e r ? I t n i c n Alm L I A 3 ^ 1 , . . U w l e T o f reporting"'"'banks Loans a n d d i s c o u n t s , i n c l u d i n g "bills re discounted with F . E. Bank: 5 = : I L m 07 — ^ ; lew_York s ' • S" 1,01148 U. 5. V i c t o r y n o t e s *7.9*5 3,882 U. 5. T r e a s u r y n o t e s 4,576 U. S. C e r t i f i c a t e s of indebtedness 6,628 Other b o n d s , s t o c k s & s e c u r i t i e s 144,533 T o t a l l o a n s and d i s c o u n t s and investments, including "bills Phila. i s 355,761 47,684 lOJ.KOO 15,090 82,323 : E : , : : T 5 3 Q A L h k e h e DISTRICT ,.J CLOSE OF w % V ' t vh (Amounts i n thousands of dollars') "" Cieve. Rich. A t l a n t a Chicago S t . L o u i s Mim. Xans.Cy. D a l l a s San F r a n . T o t a l ° 37 35 /3 53 bb 804 113,130 18,357 a 61,665 26,567 2,035 1,151 5,157 2,76s 4,088 128,33b 6,835 74b,b49 l b 5 , 4 8 ^ 7,825 268,984 2,230 Ug.UlQ ' 1 igo ^ ?7n 20,105 5.4,7 s s s 104,655 2,522 32,973 1,242 13,685 " 997,133 183,07b 1,207 51s 1,532 10,049 120,430 4,657 69,023 4,216 20,767 3,436 47,275 3,264 9,091 13,55b 174,006 157,613 2,111,963 5,894 1,037 3,715 2,218 5.850 170,651 325 349 837 79,777 27,247 is,620 35,bb9 21,507 3,I+7b 710 7,575 547 14,631 :82,457 20,657 " BrHliiiiiiiii sen^y,.s.aovt.o-ol i g . 4,689 62,784 B i l l s r e d i s c o u n t e d w i t h F. E. Batik- " = , ? — • i s ; J S 19,852 14,259 • a s ,5:S -:- S ^ , . ; g ^ : , g e J S Aeioesecl f o r — Q ANiTlI ABILITY ITBfS OF REPORTING MEMBER BANKS I IT ? . R. EAVK ATD EiL^CIl CITIES AM). IN OTHER SELECTED CI i n (Amounts in t h o u s a n d s of d o l l a r s ) — — — — : New York C i t y J a n . 25 J e n . IS 67 67 Kra*er of r e p o r t i n g t a n k s Loans and l i e c o u n t s , i n c l u d i n g EEB:rE?£5Ets All P. H. C i t y of Chicago J a n . 25 J a n . 18 50 50 F. R. Bank c i t i e s J a n . 25 J a n . 18 275 275 other ^ Brancn c i t i e s J a n , 25 J a n . 18 212 214 ^ill lii ill iM'M rffei I o t » l loans did discounts ' > M , 8 1 0 5.565.125 1,046,182 l , 0 4 o , m 21,488 23,120 7,228,500 7,311,755 537,451 547,357 _^ti^s Jan. d j ,11 1 W 1,907,255 1,518.072 224,332 223,21s 1,7«.7TH 22o,22o dc^/lc 347,044 342,569 U, S . V i c t o r y n o t e s 96,207 96,602 7,787 10,717 128,767 132,025 39,634 37,695 19,675 19,582 U. S . T r e a s u r y n o t e s 77,930 78,282 3,076 3,024 90,003 90,279 17,864 17,056 12,563 13,056 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 123,980 123,794 6,144 8,544 153,888 159,580 21,649 22,392 22,076 21,792 O t h e r "bonis, s t o c k s and 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 570,093 556,644 173,519 172,428 1,171,897 1 , 1 5 7 , 4 2 8 582,582 581,475 357,484 355,950 2 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 Ket demand d e p o s i t s Time d e p o s i t s 552,507 113,751 121,081 914,617 535.604 190,3*5 185,651 145,349 145,880 78,179 79,734 29,456 30,587 156,537 161,193 52,455 54,812 69,484 72,233 4,212.335 4,252.499 870,020 875,294 ?,156,008 7,312,035 1.408,461 1,405,163 299,013 312,419 313,39% Government d s p o s i t s 6l,7l4 68,574 15,431 16,512 127,698 ^ ^ a t ^ G o v t . ^ i S u o n s 45,005 67,930 1,380 1.1X "s H £ r s ' R a t i o of b i l l s p a y a b l e a.nd 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, per cent 2,421,379* 553,125 302,355 All other -8oi-°22 - v r •, - , ; %g * 52 : g "J 57 m l.S 1,563,739 1,566,485 1,44S,045 1,453,212 927,382 927,915 685,494 684,486 139,811 25,332 29,235 15,432 17,038 =5,067 107,296 53,846 57.042 31,738 34,065 5^ 01 j 2.1 £® & as 4# iK 2.5 4.0 4.4 ^Revised f i g u r e s . i 4.1 O
@FedFRASER