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STATEl/IENT FOE THE PRESS He leased for publication in Friday afternoon papers, January 13; not earlier, St.2545 Federal Be serve Board January 12, 1922, CONDITION OF MEMBER BAKICS IN LEADING d TIES Aggregate increases of $242,000,000 in net demand deposits following end-of-year interest and dividend payments by "banking, industrial and commercial corporations, and large increases of bank balances, carried by member banks in Federal reserve bank cities, also the return flow of Federal reserve notes and other currency, account for the principal changes in the condition on January 4 of 80S member banks in leading cities. Considerable amounts of currency after serving the needs of the holiday trade were returned to the reporting member banks during the week and after being credited to customers 1 deposit accounts were used by the member banks to reduce their own borrowings at the Federal reserve banks and to increase their reserve balances. As against a further increase of $19,000,000 in loans secured by corporate stocks and bonds, loans secured by United States Government obligations show a decline for the week of $14,000,000, and all other loans and discounts, comprising largely industrial and commercial loans, - a decrease of $19,000,000, Corresponding changes for members in New York City include a reduction of $b,000,000 in loans secured by Government obligations and increases of $25,000,000 each of loans secured by stocks and bonds and of commercial loans proper. Investments of the reporting institutions in United States bonds and Victory notes show but nominal changes. Holdings of Treasury notes increased by $3,000,000, while those of Treasury certificates declined by $5,000,000, Member banks in New York City report a nominal increase in their holdings of United States bonds and Victory notes and increases of $4,000,000 in Treasury notes and of $2,000,000 in Treasury certificates. Investments of the reporting institutions in corporate and other securities show an increase for the week of $6,000,000, largely by member banks in New York City. Total loans and investments of the reporting institutions in consequence of the changes noted are shown $9,000,000 less than the week before, while member banks in New York City report an increase of $56,000,000 under this head. Accomodation of the reporting member banks at Federal reserve banks, mainly in consequence of the substantial amount of currency returned to the latter, shows a reduction from $698,000,000 to $647,000,000, or from 4.7 to 4 . 4 . per cent of the banks' total loans and investments. For member banks in New York City a decrease from.$131,000,000 to $125,000,000 in total borrowings from the local reserve bank and from 2.8 to 2,6 per cent in the ratio of accommodation is noted. Government balances with the reporting institutions show practically no change, Net demand deposits, as shown above, increased by $242,000,000, mainly because of the increase in bank balances carried, while time deposits show a gain for the week of $1^,000,000, Member banks in New York City report an increase of $133,000,000 in net demand deposits, mainly because of increases in amounts due to out - of — t own banks« Only nominal changes in Government and time deposits, are shown. Reserve balances of the reporting institutions with the Federal reserve banks, in keeping with the large increase in net demand deposits, show an increase of $47,000,000, while cash in vault, composed largely of Federal reserve notes, declined about $13,000,000. Corresponding changes for the New York City banks include an increase of $31,000,000 in reserve balances and a reduction of $7,000,000 in cash on hand. V Be leased for publication. Friday afternoon, Jan. 13, 1922; not earlier. PRINCIPAL EESOUECE AMD LIABILITY I T I E OF REPORTING MEMBER B A M S IN LEADING CITIES ___ (Amounts in thousands of dollars) Jan. 4, 1922 Dec. 28, 1921 July b, 1921 Number of reporting "banks 808 80b 81b Loans and discounts, including bills rediscounted with F. E. Bank: Secured by U. S. Govt, obligations - - - - - - - - - - - - - - - - - - 498,405 512,520 647,021 Secured by stocks and bonds (other than U. S. securities) _ _ _ _ _ _ _ _ 3,184,299 3,165,481 3,005,334 All other loans and discounts 7,523.065 8.166.713 7,542,233 Total loans and discounts _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ 11,205,769 11,220,234 11,819,068 st.2545a. Jan. 7, 1921 829 8b7,704 3,127,535 9.223.721 13,219,010 TJ. S. bonds _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ 950,145 950,270 8b5,5SO U. S. Victory notes _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ 879,01b 172,368 170,639 171,507 205,615 U. S. Treasury notes 128,491 125,559 94,310 _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ - U. S. Certificates of indebtedness _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ 218,29b 222,855 183,023 227,555 Other bonds, stocks and securities _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ 2.096,071 2,090,025 2.060,239 2,029.338 14,771,140 14,779,532 15,193,727 16,560,534 1,314,021 1,267,107 1,251,237 1,356,643 326,748 339,799 341,414 338,651 10,416 ,.467 10,174,437 10,029,836 10,935,370 3,011,212 2,998,213 2,920,580 2,908,915 256,930 257,073 325,468 118,612 261,214 1,314 258,656 2,302 355,074 1,505 593 , 594 28,783 355,594 402,937 305.457 4.4 4.7 8.2 Total loans & discounts & invest, .including bills redis•d.with F.R.Bk. - Reserve balance with F. R. Bank _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ Cash in vault Net demand deposits Time deposits _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ Government deposits _ _ _ _ _ _ _ _ _ _._ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ Bills payable with Federal Reserve Bank: Secured by U, S. Govt, obligations All other Bills rediscounted with Federal Reserve Bank: Secured by U. S. Govt, obligations All other - - - Ratio of bills payable and rediscounts with F. R. Bank to total loans and investments, per cent _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ 34,32b 37,729 2,190 249,470 1,204,613 12.4 Beieasea for publication Friary afternoon, Jan. 13, 1922- not earlier Number of reporting banks U9 Loans and discounts, .including bills rediscounted with F. R. Bank: Secured by U.S.Govt, U.S.Govt, oblig secured by oblig. 109 5g % - - - = — - **• ^ ^ D Atlanta 82 43 Chicago 111 St.Louis 37 Minn7'Kans-CyV Dallas 35 g0 ^ San P r a n r T o t J Gj 808 := l l E t l t l p l f i S 29,057 193,177 % egg Total loans and discounts U. S. bonds • q k7 1 7 )l7 , 8 75 ' 189^3 .0,333 aa,9S9 ' Bills rediscounted with F.R.Bank: 7,901 ^ gp 1.208 52O ^ 722 9,608 128,1+91 J::: '1: ^!l° 2 -IE™ = = = = = = = = = = 5.577 Mr : £2 *2 xnve.p _ ~nts, including bills . | = C _ n, sissill? J § « 5 U. S. Certificates of pn n x 19.162 ^ S,4I3 - 24,751 180 7.9^ - S ,!:$ jjg *B a ,i:$; i:S 997 2U =,6=7 - 3,29= 9,850 261,214 U6j 39s 1,314 ,s ,3 j£g Released for publication I-'-iday afternoon, Jan. 1J , 1°22; not earlier. St.: PEIITCIPA1 HESQUBCE AIT) LIABILITY ITEMS OF HEPGHTIIIG MEMBER B A M S III F. R. B A M AMD BHAIICH CITIES AI1D IiT OTHER 8E SCTED CITIES. . (Amounts in thousands of dollars) All F. E. F. E. Other New York City City of Chicago Bank cities Branch cities selected cities Jan. 4 Dec. 28 Jan. 4 Dec. 28 Jan. U Dec. 22 Jan. 4 Dec. 28 Jan. 4 Dec. 28 EFurriber of reporting banks bj 63 50 51 275 277 215 212 318 317 Loans and discounts, including "bills redis'd. with F. E. Bank: Secured by U.S.Govt, oblig. 173,445 179,b2b 48,658 50,242 3U8JO7 3b0,lbl 83,401 85,093 66,697 67,266 Secured by stocks and bonds 1,269,238 1,244,203 319,257 331,54b 2,300,030 2,280,639 462,179 466,072 422,090 418,770 All other loans and discounts • 'ft f , —— - ' J - - 14 Total loans and discounts 3,640,970 3 ,597,130 1,055,934 1,062,079 7,436,743 7,427,118 1,961,807 1,931,163 1,307,219 1,811,953 U. S. bonds 316,392 315,321 22,151 22,334 506,333 504,351 222,947 224,462 220,865 220,957 U.- S. Victory notes 80,931 30,352 14,457 11,027 115,136 111,631 37,805 U. 39 , 421 86,80b 19,427 S3,146 19,537 3,193 3,311 97,953 95,064 17,165 16,086 U. S. Certificates of indebtedness 13,373 116,234 14,409 117,628 14,318 16,720 167,143 163,773 28,530 31,452 Other bonds, stocks and securities Total loans and discounts and investments, including bills rediscounted with F. E. Bank 559,198 22,573 553,742 172,933 22,630 171,943 1,157.945 1,156,442 586,008 520,733 352,118 352,850 1,282,98b 1,237,414 9,481,253 9,463,879 Treasury notes Eeserve balance with F. B. Bank Cash in vault Net demand deposits Time deposits Government deposits Bills payable with F. E. Bank: Secured by U.S. Govt, obligations All other Bills rediscounted with F. B. Bank: Secured by U.S. Govt, obligations All other Eatio of bills payable and rediscounts with F. E. Bank to total loans and investments, per cent 4,801,975 4,746,425 2,354,312 2,873,317 2,435,575 2,442,386 939,233 134,905 134,635 144,917 143,234 196,132 62,077 64,572 612,586 532,432 126,609 121,635 934,199 90,000 97,203 36,254 35,337 134,915 U,350,255 4,216,994 337,357 863,050 7,390,077 7,208,658 313,413 25,000 300,689 301,517 314,346 93,423 93,423 25,000 107,030 91,330 5,369 1,813 15,939 1,724 37,725 2. b 2.1 1,406,993 1,404,860 79,756 1,577,441 1,549,617 923,975 921,464 194,893 195,07s 39,060 39,334 68,215 67,351 180 2,505 180 155,448 ISO 143,73b 2,951 36,490 3,071 44,082 13,992 182,21b 22,422 219,89b 5,925 81,924 3.: 4.1 5.5 3-5 3-9 180 5b7 895 6,948 39,113 5.7 79,095 1,448,949 1,416,162 630,244 22,977 671,889 22,661 37,551 5b7 42,519 3,366 91,454 4,95b 93,923 5-5 5.3 1,227
@FedFRASER