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STATEMENT FOR THE PRESS. Released f o r publication Monday morning, January 12, 1920; not earlier« S t . s4o Federal Reserve Board, January 10, 1920. COALITION OF MEMBER BANKS Large a d d i t i o n s to n e t demand d e p o s i t s , r e p r e s e n t i n g a p p a r e n t l y to a l a r g e e x t e n t end-of~year dividend and i n t e r e s t payments, a l s o i n c r e a s e s of 72«2 m i l l i o n s i n h o l d i n g s of Government s e c u r i t i e s and of 7 7 • ! m i l l i o n s i n loans secured by s t o c k s and bonds, a r e i n d i c a t e d by the F e d e r a l Reserve B o a r d ' s weekly s t a t e m e n t of . c o n d i t i o n on January 2 of 79& member "batiks i n l e a d i n g c i t i e s . Holdings of the d i f f e r e n t c l a s s e s of Government s e c u r i t i e s show i n c r e a s e s f o r the week i n the f o l l o w i n g amounts: U. S» bonds, i n c l u d i n g L i b e r t y bonds, » 4 , 6 m i l l i o n s ; V i c t o r y n o t e s - 0 . 1 m i l l i o n and Treasury c e r t i f i c a t e s - b j »5 millions,. War paper on hand, e x c l u s i v e of r e d i s c o u n t s w i t h F e d e r a l Reserve t a n k s , shows a nominal d e c l i n e of 0 , 2 m i l l i o n . Tot a l loans and investments, e x c l u s i v e of r e d i s c o u n t s , show an i n c r e a s e f o r t h e week of 171*5 m i l l i o n s of which 135*2 m i l l i o n s c o n s t i t u t e s t h e share of the New York City members« During the week the r e p o r t i n g banks decreased the amount of t h e i r c o l l a t e r a l n o t e s d i s c o u n t e d w i t h F e d e r a l Reserve banks by 19«7 m i l l i o n s and i n c r e a s e d the volume of paper r e d i s c o u n t e d w i t h the F e d e r a l Reserve banks ty about £>7 m i l l i o n s . Of t h e t o t a l of 913 *-9 m i l l i o n s of c o l l a t e r a l n o t e s h e l d under discount f o r r e p o r t i n g banks a l l but 7*1 m i l l i o n s was war paper, while of the 95b»6 m i l l i o n s of b i l l s h e l d under r e d l e o o u n t f o r these banks war paper was only 303*1 m i l l i o n s * Government d e p o s i t s show an i n c r e a s e f o r the week of 4g ,7 m i l l i o n s f o r a l l r e p o r t i n g banks and of 85*2 m i l l i o n s f o r the Now York City banks, time d e p o s i t s were 3^*5 m i l l i o n s l a r g e r t h a n t h e week b e f o r e , whilo^ o t h e r demand d e p o s i t s ( n e t ) i n c r e a s e d about 435 m i l l i o n s , a l l c l a s s e s of banks r e p o r t i n g l a r g e gains under t h i s head# Reserve balances w i t h the F e d e r a l Reserve banks, i n keeping w i t h the l a r g e i n c r e a s e i n t h e r e p o r t ing batiks* d e p o s i t s , show an i n c r e a s e of 9 7 m i l l i o n s , of which 55*9 m i l l i o n s r e p r e s e n t s the i n c r e a s e f o r the New York C i t y member banks. Cash i n v a u l t sho^ys an i n c r e a s e of 1»7 m i l l i o n s , though the banks i n t h e F e d e r a l Re serve?" c i t i e s r e p o r t a l o s s of 7 *9 m i l l i o n s of cash f o r the week under r e view. ' Released for p u b l i c a t i o n Monday morning, January 12, 1920; not e a r l i e r . PRINCIPAL RESOURCE AND LIABILITY ITEMS OF REPORTING MEMBER BANKS IN LEADING CITIES. (.Amounts i n thousands of d o l l a r s . ) J a n . 2,1920 Dec.26,1919 J u l y 3,1919 Number of r e p o r t i n g banks - - - - - - - - - - - - - - - - - - - - - - - - - 798 797 St.S40a J a n . 3 , 1919 773 7 63 U. S. bonds to s e c u r e c i r c u l a t i o n _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ 268,789 269,113 269,314 265,774 Other U.S.bonds including Liberty bonds - - - - - - - - - - - - - - - - - - - 637,716 632,776 635,170 827,569 U. S. Victory notes 238,123 237,997 3^9,918 U. S. C e r t i f i c a t e s of indebtedness 877, ^ 789,882 1,001,415 1,269,948 2,255,817 2.363,291 Total U. S. s e c u r i t i e s - - - 2,001,983 1,929,768 Loans and investments, e x c l u s i v e of b i l l s rediscounted withF.R. and other banks: Loans secured by U.S. war obligations - - - - - - - - - - - - - - - - - - Loans secured by stocks and bonds other than U. S. s e c u r i t i e s - - - - - - All other loans and investments 1.020, I08 3,377 5^6 9,392,803 1,020,384 3,300,373 ) 9,370,479 ) Reserve balances w i t h F. R. bank 1,444,285 1,3^7,175 1,269,102 1,295:849 431,436 429,712 3^3,185 422,791 11,609,24? 11,174,249 10,511,628 10,14%,058 2,333.807 2,302,344 1,758,103 1,552,301 Government deposits - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 629,201 580,452 601,481 431,604 B i l l s payable with Federal Reserve Bank: Secured by U.S. war o b l i g a t i o n s All other 906,778 7,131 926,921 ) 6,682 ) . ,^0 1.113.102 070 5 , n 972,220 303,099 653,492 309,590 ) 590,014 ) 335.75° . -, 466,163 Cash i n vault Net demand deposits Time deposits B i l l s rediscounted with Federal Reserve Bank: Secured by U.S. war o b l i g a t i o n s - - - All other - - - - - - - - - - - - - - Ratio of U. S. war s e c u r i t i e s and war paper to t o t a l loans and investments, per cent - 17.4 17.2 1,369,94-8 , n „7, Q ~ 1J,S '-5,b4!S Aj &3»1 1,220,040 u' Q ' ' by 1r U 24.2 Released, f o r p u b l i c a t i o n Monday morning, January 12, 1920; not e a r l i e r . ' S t . S4Qb PRINCIPAL RESOURCE AND LIABILITY ITEMS OF ALL REPORTING MEMBER BANKS IN EACH FEDERAL RESERVE DISTRICT AS AT CLOSE OF BUSINESS JAN. F e d e r a l Reserve D i s t r i c t 2, 1920 Boston New Ycrk 46 112 56 90 82 47 107 35 35 82 44 62 798 U.S.bonds to secure c i r c u l a t i o n 13,336 48,887 11,097 4l,84l 26,29b 14,015 20,874 17,178 7,020 14,067 19,573 34,605 268,789 Other U,S», i n c l . L i b e r t y bonds 14,46l. 272,526 29,5:8 63,563 37,249 28,961 59,476 15,631 10,546 27,185 17,526 61,074 637,716 7,727 97,801 11,994 25,079 12,123 8,136 44,109 5,099 2,745 6,472 4,110 12,728 238,123 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 ^ , 1^9 351,789 60,581 57,382 27,202 4?.,062 129,959 24,225 15,588 21,866 29,44c 52,112 857,355 771,003 113,190 187,865 102,870 93,174 254,418 62,133 35,899 69,590 70,649 160,519 2,001,983 32,184 15,143 20,800 13,880 29,257 160,974 31,859 75,216 31,689 129,042 320,957 256,064 476,157 213,116 735,367 1,020,168 3,377,506 9,392,803 No. r e p o r t i n g "banks U. S. Victory n o t e s T ota l U* S. s e c u r i t i e s 80,673 Leans and investments e x c l u s i v e of b i l l s r e d i s c o u n t e d w i t h F. R, and other banks: Loans s e c . b y U.S.war Gbli&, Loans s e c . b y s t o c k s & bonds A l l other loans&investments P h i l a . Clevel. Richzn. A t l a n t a Chicago S t . L o u i s 510,67s 97,256 90,441 37,9^7 25,642 103,147 43,793 208,330 1,532,469 206,026 351,567 113,085 52,980 484,269 673,502 3,383,439 434,392 792,093 341,789 354,955 1360,972 Minn. Kans.Cy. Dallas San Fran Total Reserve b a l a n c e s w i t h F,R. bank 85,134 710,526 59,492 87,54i 41,005 37,989 202,022 49,555 26,340 43,128 25,905 75,648 1,444,285 Cash i n v a u l t 29,838 139,527 21,027 40,920 22,868 17,404 76,084 13,715 10,692 16,809 13,131 29,421 431,436 Net demand d e p o s i t s 824,773 5,220,661 668,657 815,622 371,236 327,953 1432,306 375,358 246,341 462,219 259,151 604,965 11,609,247 Time d e p o s i t s 129,158 397,155 22,651 335,^87 567,402 113,559 59,975 87,678 40,649 330,789 43,376 44,340 7,815 19,471 63,769 23,496 2,163 8,118 35,Ob4 401,265 - 72,541 - 86,329 - 50,418 50 42,830 58O 106,210 - 28,880 - 12,365 1,280 123,008 230,046 79,858 32,164 12,235 42,6%) 10,304 19,385 3,144 20,494 5,882 117,yo4 5,722 25,035 2,035 44,222 Government d e p o s i t s B i l l s payable w i t h F.R.Bank: • Sec. by U.S. war o b l i g a t i o n s All ether . B i l l s r e d i s c o u n t s ! w i t h F,R.Bank: Sec. by U.S. war o b l i g a t i o n s 54,24? All other 52,140 98,480 123,939 38,537 359,786 2,333,807 24,293 20,922 629,201 34,030 5,121 6,804 - 30,042 100 906,778 7,131 3,698 40,951. 251 5,096 2,715 23,082 303,099 653,1192 Released f o r p u b l i c a t j on Monday morning, January 12, 1920; n o t e a r l i e r . St.S40c PRINCIPAL RESOURCE AND LIABILITY ITEMS OF imVTBER BANKS IN F. R. BANK AND BRANCH CITIES %ND ALL OTHER REPORTING BANKS. New York City Jan.2—-- -Dec-26 Number of r e p o r t i n g banks U. S. bonds to secure c i r c u l a t i o n 71 71 39,190 City of Chicago J3.Z11.2 —Dec»d 6 All 7. 2. bank c i t i e s J<3.n«2—————.u^c <t^6 39,190 50 1,440 50 1,438 276 101,838 276 IOI.336 240,863 241,308 25,755 27,305 372,568 87,236 81,722 19,35S 19,818 32L.072 ?7H, f,7U 5'', <"99 49,4^3 699,361 636,854 100,152 Loans and i n v e s t m e n t s . e x c l u s i v e of b i l l s r e d i s c o u n t e d w i t h F.R.and o t h e r banks: Loans secured by U.S.war obi5 g a l l o n s 4SR,FEI 488,335 Loans secured by stocks and bonds l J - 3 / 1 5 6 L .34% 083 All o t h e r l o a n s and investments 3,020,951 2.,991,022 7M33 Reserve b a l a n c e s w i t h F . R. bank 669,481 Cash i n v a u l t 123,660 Other U.S.bonds, i n c l u d i n g L i b e r t y bonds U. S, Victory n o t e s Ur S. c e r t i f i c a t e s of indebtedness Total U. S. s e c u r i t i e s Net demand d e p o s i t s All 0 t.ner report? ng banks Jan > 2 -—Dec. 2.6 3.^4. 70,569 70,79%- 335 96,352 371,208 140,391 137,322 124,757 ia4;246 135,813 131,677 55: J-68 57,272 47,142 49,048 568,3-9 51X965' IE'4,235 174 664 io4;?c.i 100,2^3 450,963 440,052 372,482 369=930 98,044 1 , 1 7 8 , 5 3 s 1,119,786 9b,3S3 384.854 780,952 784,004 790,591 129,501 7 06,663 106,131 123,362 4X;.^u? 39'4,S<S 390.793 371-335 2 5 4 0 . 2 b 7 2 , 4 6 5 . 1 9 3 796,818 5r947,329 5,947,534 1 , 7 8 4 , 6 : 3 1 »7/0,755 l ,660,811 I , 6 5 2 , 1 9 0 613,552 141,843 130.592 1,073,990 992,513 196,352 190,781 168,943 163,881 129,971 44,707 255,5s5 84,983 81,750 9S,76o 92,377 4,765,497 4 :,539=921 986,118 937,172 8,188,739 7,857,484 1,712,332 1 , 6 6 3 , 9 3 3 1 ,703,176 1,652,832 257,760 1,156,044 1,141,203 Time d e p o s i t s 311,818 308,253 261,407 Government d e p o s i t s 323,851 238,682 36,864 75,451 46,707 42,388 24?.693 507,430 B i l l s payable w i t h F , R» Bank: Seci-rzd hy U. Sr war o b l i g a t i o n s 361,770 370,855 45,942 607,246 53,716 A.#. w , ow^r 2,418 Bij.Is rear..scounted w i t h F« Rv %.nk: Secured by U. 3» war o b l i g a t i o n s 125,501 117,870 260,685 2,133 2,347 All otiior 219/7/6 179,384 9C\2'i-6 95: 157 520,954 Ratio of U.S. war s e c u r i t i e s and war paper uo t o t a l l o a n s and investments, p e r c e n t 20.4 19*9 12.8 12.9 17-8 NOOI^: - Banks i n Los Angeles are c l a s s e d w i t h banks i n F e d e r a l Reserve branch, F,r Ro branch c i t i e s Jan«2 —-Dec.26 187 187 642,363 637:216 535,400 523=925 440,827 77,479 87,304 44,292 52,321 622,556 1,593 197,660 4,098 198,082 101,872 106,283 615 615 266,113 455,397 21,923 72,295 23,076 20,491 60,243 20,401 55,950 17.8 18.1 17.5 c i t i e s for f i r s t time, 15.1 15.0 4,474 78,667
@FedFRASER