The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
STATEMENT FOR THE PRESS Released for publication Monday morning, Fob. 9> 1$20; not earlier. " CONDITION OF MEMBER BANKS. t St,902 Federal Reserve Board February 7. 1920. Further liquidation of United States war securities, also of loans supported by such securities and by corporate stocks and'bonds, also substantial reductions in Government and private deposits are indicated by the Federal Reserve Board's weekly statement of condition on January 30 of 804 member banks in leading cities. Total Government security holdings were 31»1 millions loss than the week before, United States bonds showing a decrease of 12«7 millions, Victory notes - a decrease of 5.4 millions, and Treasury certificates - a decrease of about 13 millions. Loans secured by Government war obligations (so-called war paper), exclusive of rediscounts, fell off 33.6 millions, of which IS.8 millions marks the decrease for the New York City member banks. Loans secured by stocks and bonds declined 26.9 millions, the Now York banks reporting nearly the entire decrease. As against these substantial decreases, other loans and investments (less rediscounts), show an increase for the week of 69.5 millions, of which 5^*9 millions represent the share of the Now York member banks. The result is a decrease in total loans and investments (less rediscounts) of 22.1 millions. Rediscounts with the Federal Reserve banks decreased during the week by 57 »3 millions, while bills payable, largely war paper, went up 67.4 millions. Apparently as the result of rate revision and the restoration of the differential in favor of war paper secured by Liberty bonds and Victory notes, as against ordinary commercial paper, the total volume of war paper held under discount for the reporting members by the Federal Reserve banks shows an increase from 1,139*6 to 1,196*1 millions, while the amount of ordinary commercial paper shows a decline from 6$4.5 to 638.1 millions. Of the total January 30 war paper holdings of the Federal Reserve banks the amounts hold for the reporting banks constituted about 82 per cent, while of the other discounts held by the Federal Reserve banks the amount held for the reporting banks was about 89 per cent. Government deposits show a reduction for the week of 34*9 millions, other demand deposits (not) fell off 58.2 millions (all outside of New York City) and time deposits w about 6 millions. Reserve balances with the Federal Reserve banks show a total decline of 18.3 millions, notwithstanding a gain of 5*2 millions reported for the New York City banks. Cash in vault fell off about 15 millions, this decrease affecting more or loss uniformly all classes of reporting institutions. * Released, for publication Monday morning, February 9, 1920; not earlier. PRINCIPAL RESOURCE AND LIABILITY ITEMS OF REPORTING IvIEMBER BANKS IN LEADING- CITIES i : (Amounts in thousands of dollars) : Jan.30,I92O Jan.23,1920 Aug. Number of reporting banks g04 U. S- bonds to secure circulation - - - Jan.3i.i9i9 jj2 770 268,964 269,7%3 263,04? 601,590 6l4,5*4-3 645,116 769,72? U. S. Victory notes - 2l6,4o4 221,840 337,239 U. S. Certificates of indebtedness 758,493 ??1,4S? 1,134,206 1,514,776 1,545,650 1,876,834 2,3S6,304 2,547,550 967,607 ~z ti-z 9)717)356 1,001,163 i; zkn i nc ) 9*648^403 ) 1,353,109 1,153,245 11,057,662 10,100,720 1,4o6,496 1,424,790 1,353,5^2 1,307,454 357,509 372,500 332,966 353,950 11,477,353 11,535,649 10,776,645 9,952,408 2,471,569 2,477,55% 1,861,519 1,611,721 ^,823 343,710 517,l49 693,681 4)328 ) 1,092,941 838,230 |9M60 ) 337,^3 352.525 23.4 25.1 . Total U. S. securities Loans and investments, exclusive of bills Loans secured by U. S. war obligations Loans secured ly stocks and bonds other All other loans and investments — rediscounted with F.R.and other banks: - than U • S • securities — - — — — Reserve balances with F-. R. bank Cash in vault - Net demand deposits Time deposits --- - Government deposits- __ „ Bills payable with Federal Reserve Bank: Secured by U. S, war obligations * 1, 1919 269,163 Other U. S. bonds including Liberty bonds - * St.902a A11 other ^ - 5)525 Bills rediscounted with Federal Reserve Bank: All othe/ ^obligations s • : L g^. Ratio of U. S. war securities and war paper to total loans and investments, per c rnt- " " " - - - - - - — - - - i6.i 16.4 Released for publication Monday morning, February 9, 192O; not earlierSt.902b PRINCIPAL RESOURCE AND LIABILITY ITEMS OF ALL REPORTING -MEMBER BANKS IN EACH FEDERAL RESERVE DISTRICT AS AT CLOSE OF BUSINESS JAN-30,1920 Federal Reserve District Mo. reporting banks Boston New York 46 112 U.S.bonds to secure circulation 13,061 43,28? Other U.S., incl. Liberty bonds 14,377 247,721 7,664 81,677 U- S. Victory notes U.S.Certificates of Indebtedness Total U. S. securities Loans and investments exclusive of bills rediscounted with F. R. and other banks: Loans sec. by U.S.war oblig. Loans sec.by stocks & bonds All other 1oans&investrents Phila. Dlevel. Richm. Atlanta Chicago St.Louis 56 82 47 107 35 11,097 4i,s4i 26,296 14,015 20,926 17,178 44 65 804 27,817 61,467 35,063 25,734 61,009 14,729 10,5^9 22,356 18,6O4 62,164 601,590 3,565 13,223 216,4o4 15.912 29.981 54,856 758,493 11,936 23,979 10,379 57.780 25.748 669,114 103,224 185,067 4,488 2,467 33.789 118.710 21.928 15.752 9,33% 41,294 97,486 82,872 241,939 58,323 35,888 6,398 59,230 71,723 164,848 e1,245,650 498,252 84,580 85,388 34,769 22,771 96,310 31,486 15,382 19,769 7,508 31,639 967,607 1,463,538 202,115 343,161 107,665 59,334 499,134 159,921 29,921 75,217 33,972 141,220 3,313,238 669,094 3,466,837 518,787 818,520 350,510 372,940#13467 331,525 252,112 471,878 223,699 822,487 9,717,856 39,753 198,040 79,066 673,982 Cash in vault 19,262 120,505 15,644 31,148 16,349 13,083 66,703 10,087 Net demand deposits 786,060 5,118,606 Time deposits 132,505 392,078 62,062 93,475 36,919 35,399 199,124 43,198 23,33s 47,440 35,643 76,850 1,406,496 357,509 26,034 337,095 99,974 126,382 578,577 117,76s 61,35% 88,481 41,925 469,396 2,471,569 27,757 155,787 25,550 21,126 Bills payable with F.R.Bank: Sec.by U.S.war obligations All other 3%,372 433,238 Bills rediscounted with F.R.Bank: Sec.by U.S.war obligations 49,746 All other 42,983 8,859 15,480 11,423 28,966 654,286 855,135 362,001 311,6241,446,756 368,850235,710 464,821 250,68$ 622,216 11,477,353 Government deposits 83 Total 269,163 Reserve balances with P.R.bank % > 35 Dallas San Fran. 7,120 14,564 19,573 34,605 —52,974 75,336 92 Minn- Kans-Cy- 70,678 5,776 59,424 42,370 150 750 8,934 115,584 77,921 209,898 32,623 37,174 8,925 16,701 10,073 308,823 44,991 102,234 30,282 13,246 20,455 25,682 34,919 100 300 150 3,950 125 911,297 1,825 224,767 632,591 7,096 37,095 9,360 4,255 2,709 2,610 2,917 6,304 3,137 6,791 21.564-116.064 38,705 37,081 41,331 2,239 sag 32,313 r 5*525 St.902c Released for publication Monday morning, February 9, 1920; not earlierPRINCIPAL RESOURCE AND LIABILITY ITEMS OF MEMBER BANKS IN F. R. BANK AND BRANCH CITIES AND ALL OTHER REPORTING BANKS. (Amounts in thousands of dollars) __ __ F. R. All other All F.R. Branch cities reporting banks bank cities New York City City of Chicago Jan.30 ——— Jan.23 Jan.30 •— Jan.23 Jan.30 — Jan.23 Jan.30 — ~ > Jan.23 Jan.30 — ' — Jan. 23 Number of reporting banks 276 193 71 71 27G 30 50 335 335 193 U. S. bonds to secure circulation Other U.S.bonds, including Liberty bonds U. S. Victory notes 39,190 39,190 1,438 1,439 101,60s 101,609 70,804 70,804 96,751 96,551 217,023 224,106 26,456 26,286 340,284 351,930 138,038 139,943 123,268 122,670 71,611 75,29S 16,352 18,311 114,255 120,701 56,677 55,327 45,472 45,812 JLTJL^QS- JUKGIl- _93ui2iL U. S. Certificates of Indebtedness 601,327 Total U. S. securities Loans and investments, exclusive of bills rediscounted with F.R-.and other banks: Loans secured by U.S.war obligations Loans secured by stock and bonds All other loans and investments 618,736 92,510 489,099 1,309,566 1,335>55° 3,097,689 3,042,841 470,308 437,127 440,145 386.605 468,023 823,266 67,836 741,460 766.936 124,802 380,849 2s42?., 164 2,453,751 471,219 817,430 6,106,767 6,052,3-9 1,932,156 143,932 66,728 Reserve balances with F. R. bank 633,935 628,730 138,9^9 Cash in vault 107,1581 113,097 37,828 Net demand deposits 95,091 1,049,408 1,078,860 4,665,394 4,660,903 987,676 37,899 984,916 203,647 203,981 177,449 169,217 215,837 72,037 74,767 79,787 81,896 205,685 8,024,722 8,062,737 1,743,276 1,748,341 1,709,355 1,724,571 542,932 540,540 243,822 270,652 38,795 42,959 26,206 30,099 46,293 633,914 552,919 285 179,84% 4,365 196,508 95,665 3,893 97,538 875 2,560 259,684 91,863 252,021 495,832 547,363 16,373 80,795 17,773 79,295 16,373 55,964 17,003 53,531 11.9 16.4 16.8 16.6 16.9 14.2 14-3 264,453 Government deposits 150,180 166,825 19,939 22,210 394,164 329.243 46,617 112,162 111,229 258,925 3,191 94,788 19-5 11.5 1,025,400 1,051,592 774,731 319,137 18.8 105,696 101,345 418,331 419,855 1,678,933 1,684;394 779,184 301,906 198,247 1,911,62b 357,829 262,372 1,149,453 1*162,283 Time deposits Bills payable with F• R» bank: Secured by U. S. war obligations All other Bills rediscounted with F.R- bank: Secured by U. S. war obligations All other Ratio of U.S. war securities and war paper to, total loans and investments, por cai:t. 123,531 359,115 92,796 3285 150
@FedFRASER