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STATB/IBTT FOR THE PRESS Released, f o r p u b l i c a t i o n Monday morning, Jan. 19, I92O; not e a r l i e r , CONDITION OF MEMBER B;m:8 s t , 859. Federal Reserve Board January 17, 19 20. Withdrawals i n some volume of demand and time d e p o s i t s , f o l l o w i n g the large g a i n s under these heads the week "before, accompanied by a moderate i n c r e a s e i n the h o l d i n g s of Treasury c e r t i f i c a t e s and i n t o t a l l o a n s and investments e x c l u s i v e of r e d i s c o u n t s , are i n d i c a t e d by the Federal Reserve Board*s weekly statement of cond i t i o n on January 9 of JJ8 member banks i n l e a d i n g c i t i e s . As a g a i n s t d e c l i n e s of 4 . 5 millions i n U n i t e d S t a t e s bonds and of } . 2 m i l l i o n s i n V i c t o r y n o t e s h e l d , the banks report an i n c r e a s e of 3 0 . 6 m i l l i o n s i n Treasury c e r t i f i c a t e holdings. 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 , f e l l o f f 17*5 m i l l i o n s , while loans secured by s t o c k s and bonds show an aggregate d e c l i n e of 37*3 m i l l i o n s and a s l i g h t l y l a r g e r d e c l i n e f o r the member banks i n New York C i t y . All other loans and investments, e x c l u s i v e of r e d i s c o u n t s , went up 5^*9 m i l l i o n s i n the aggregate, n o t w i t h s t a n d i n g a decrease under t h i s head of l 6 *7 m i l l i o n s reported by the New York C i t y banks. Darin*-, the week under review 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 with the Federal Reserve banks by l l 6 . 6 m i l l i o n s , and the volume of paper r e d i s counted w i t h the Federal Reserve banks - by 24.5 m i l l i o n s . The t o t a l volume of war paper held, under d i s c o u n t f o r a l l r e p o r t i n g Banks by the Federal Reserve banks on January 9 was 1 , 0 8 8 . 8 m i l l i o n s , or about 80 per cent of the t o t a l , w h i l e the amount of mercantile paper proper h e l d under discount f o r these banks .was 6 4 0 . 6 m i l l i o n s , or over 88 per cent of the t o t a l h e l d under d i s - count by Federal Reserve banks f o r a l l member' banks. 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 4 . 5 m i l l i o n s , while other demand d e p o s i t s ( n e t ) d e c l i n e d 9^ * 2 m i l l i o n s (95*6 m i l l i o n s i n New York City alone) and time d e p o s i t s - 14.9 m i l l i o n s . Reserve b a l a n c e s w i t h the Federal Reserve oanks show a r e d u c t i o n of 41*3 m i l l i o n s f o r a l l r e p o r t i n g banks, the New York City banks alone r e p o r t i n g a decrease under t h i s head of 60>7 m i l l i o n s . a t o t a l decrease of 23*7 m i l l i o n s , l a r g e r cash h o l d i n g s than the Cash i n v a u l t shows though the New York City members report s l i g h t l y week "before. Released f o r p u b l i c a t i o n Monday morning, January 19. 1920; not e a r l i e r „ «sq„ PRINCIPAL RESOURCE AMD LIABILITY ITEMS OF REPORTING MEMBER BANKS IN LEADING CITIES. (Amounts i n thousands of d o l l a r s . ) Jan. 9 , 1 9 2 0 Jan. 2 , 1 5 2 0 July 11,1915 Jan.10,1919 Huafcsr of r e p o r t i n g hanks - - - - - - - - - - - - - - - - - - - - - - - - - - 1j° 79° 771 loj <-£0,650 2os,7"9 2o.,, 6 l 4 C.-S5,1®4 633,276 637,716 626,73^ 797»>^1 U. S . V i c t o r y n o t e s ^,935 23C.123 3^1,030 U. S . C e r t i f i c a t e s of indebtedness 080,0l4 257,355 978,081 l,3w,oo2 2,vul,jo} 2,217,45^ 2,3o2,063 U. S. bonds to secure c i r c u l a t i o n - - - - - - - - - - - - - - - - - - - - - - - Other U.S."bonds i n c l u d i n g L i b e r t y bonds - - - - - - - - - - - - - - - - - - - - Total U. S . s e c u r i t i e s 2,024,375 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 rediscounted w i t h F.R, and other banks: Loans secured by U . S . war o b l i g a t i o n s Loans secured by s t o c k s and bonds other than U. S . s e c u r i t i e s - - - - - - - A l l o t h e r l o a n s and i n v e s t m e n t s - — - — — — — 1,002,662 3,353,333 9,4*35,33 0 l,020,l6S 3>3$0,b4o / 9»3®3i 39 ' 1,3<>4,579 Qgg ' M o ^ l 10,131,l4l Reserve b a l a n c e s w i t h E. R» bank 1,403,010 1,444,2o5 1,335^133 lp295»723 ^7,730 t}l,*36 353,SOS "Hl,603 11,514,950 11,609,247 10,646,627 10,0bb, 502 - - 2,315,852 2,333,807 1,763,207 1,565*326 Government d e p o s i t s - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 633,745 629,201 516,420 4^9,022 B i l l s payable w i t h Federal Reserve Bank: Secured by U . S . war o b l i g a t i o n s A l l other - - - - 790,053 7*237 . . 906,775 ) 7,131 J j. 154,341 830,286 ,r §9o,°o2 633,3^0 \ 303,099 / o53,492 ) 35^,341 446,70? - - - - - - - - - - - - - - - - - - - - - - - Cash i n v a u l t Nat demand d e p o s i t s - — — Time d e p o s i t s - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - _ _ _ _ _ B i l l s r e d i s c o u n t e d w i t h Federal Reserve Bank: Secured by U . S . war o b l i g a t i o n s A l l 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 l o a n s and i n v e s t m e n t s , percent - X ?-4 ' - „ 'u 23 „ . "5 R e l e a s e d f o r p u b l i c a t i o n Monday morning, January 13, 1320; n o t e a r l i e r ~ St*2$$b PRINCIPAL RESOURCE AND LIABILITY ITE/IS'OF ALL REPORTING IvIEI^ER BANKS IN EACH FEDERAL RESERVE DISTRICT AS AT CLOSE OF BUSINESS JAN. g, 1920 (Amounts i n t h o u s a n d s of d o l l a r s *) Total Minn. Kans.Cy - D a l l a s San F r a n Boston %'.v York P h i l a - C l e v e l . Eichm- A t l a n t a Chicago '3 t - L o u i s F e d e r a l Reserve D i s t r i c t 46 112 56 90 £2 47 107 35 55 52 44 62 798 U.S.bonds t o s e c u r e c i r c u l a t i o n i),iii 4o,5Gb 11,097 4i,84I 26,29b 14,015 20,261 17,178 7,120 14,067 19,575 54,605 268,650 Other U.S., i n c l . L i b e r t y bonds l4,150 269,161 28,94? 61,352 57,121 29,425 6l,214 19,662 10,495 24,922 18,514 52,507 655,276 7,725 97, 577 11,883 24,529 11,511 7,682 43,82.6 4,752 2,712 6,215 5,781 12, 676 254,955 •U- 3- c e r t i f i c a t e s of i n d e b t e d n e ss^2, 21)1 370,185 68,393 60,514 27,566 4 1 , 3 6 0 122,619 25,776 12,952 20,652 50,775 52, 961 888,014 785,809 120,520 188,296 102,494 92,482 248,520 67,362 59,285 65,262 72,643 152,549 2,024,875 15,213 21,015 7 , 5 5 2 29,437 31,652 75,667 3 1 , 6 0 5 1 3 0 , 5 4 1 253,910 469,712 218,884 756,T9o 1,002,662 5,353,555 9,452,558 No- r e p o r t i n g banks U, S* V i c t o r y n o t e s T o t a l U. S* s e c u r i t i e s 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 b a n k s : Loans s e c . b y U.S.war o'bli;?. Loans s e c . b y s t o c k s & Tmids All other loans&invest^ents 83,24? 44,116 510,24O 96,623 87,822 5 7 , 0 5 1 24,705 92,557 50,571 204, 534 1 , 5 1 5 , 7 H 210,839 5 4 7 , 7 9 9 112,784 52,182 482, 510 157,659 675,049 3 , 3 5 7 , 8 5 7 499,486 7 9 6 , 0 5 1 5 4 5 , 4 7 s 5 5 2 , 5 0 9 r k ) 1,994 5 2 4 , 8 1 2 Reserve b a l a n c e w i t h F - R . bank 86,870 648,912 68,864 92,225 40,453 3 7 , 1 6 9 204,087 49,297 24,430 42,255 27,860 75,992 1,403,010 Cash i n v a u l t 24,243 I4O,7J6 13,533 35,153 20,965 15,586 11,365 10,150 16,255 11,555 29,472 407,750 72,757 Net demand d e p o s i t s 800,456 5 , 1 2 5 , 4 4 0 677,203 8 3 0 , 3 0 1 3 6 9 , 4 7 5 5 2 5 , 9 0 5 1441,313 3 8 0 , 3 6 8 246,880 Time d e p o s i t s 130,701 393,580 22,844 3 2 9 , 5 5 8 Government d e p o s i t s 47,455 330,559 49,422 4 l , 519 7,532 D i l l s p a y a b l e w i t h F»R»Bank: S e c . b y U-S. war o b l i g a t i o n s All other 18,676 323,346 69,012 74,647 B i l l s r e d i s c o u n t e d w i t h F.R.Iank: Sec*by U*S. war o b l i g a t i o n s ' 53,012 47,326 All other 123,795 257,858 79,069 26,069 10,590 59,074 469,555 2 5 0 , 4 9 s 599,576 1 1 , 5 1 4 , 9 5 0 8 b , 4 4 s . 59,129 353,095 2,512,252 17,560 24,992 633,745 11,675 36,555 100 790,053 7,237 515 4,742 1,922 25,414 298,662 655,560 92,348 125,167 567,755 il4,094 60,571 15,645 61,191 23,249 6,361 7,770 55,125 575 45,510 510 94,898 21,527 12,021 495 27,223 5,557 10,318 18,757 5,702 18,091 6,409 95,171 4,533 21,546 1,827 40,405 3,566 43,127 t B e l e a s e d f o r p u b l i c a t i o n Monday morning, January IS, 1$20; not e a r l i e r PRINCIPAL RESOURCE AND LIABILITY .ITEMS OF MEMBER BANKS IN F . R. BANK AND BRANCH CITIES AND ALL OTHER REPORTING JANZ3. All F.fi. City of Chicago -Jan. 2 J an - 9 50 50 l,44o 1,433 bank c i t i e s —J an • 2 Jan-9 276 576 101,,€|g 1#,838 F * R. branc h c i t i e s J an«S—— - J a n . 2 187 187 70,565 70,569 S t . gcQc All o t h e r r e p o r t t n ? banks -Jan. 2 Jan.$ 335 335 96,469 96,322 Number of r e p o r t i n g "banks U* S . bonds to s e c u r e c i r c u l a t i o n New York City 1 J a n ' ——— J a n . 2 71 71 33,190 39,130 Other U.S.bonds, i n c l u d i n g L i b e r t y bonds 23s,446 240,863 27,863 25,755 373,317 372,562 137,953 140,391 122,006 124,757 27,320 87,236 19,050 19,355 13^,132 135,213 54,315 55,162 46,482 47,142 347,350 332,072 49,545 53,599 600,624 562,315 123,296 124,835 104,034 104,201 712,346 699,361 97,297 100,152 1 , 2 0 9 , 7 5 1 1,172,532 446,133 450,963 368,991 372,482 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 E.R.and o t h e r banks: 4§1,083 4.31,621 Loans s e c u r e d by U.S.war o b l i g a t i o n s 1,402,520 1,363,675 Loans s e c u r e d by s t o c k s and bonds 2,994,904 3,011,587 All o t h e r l o a n s and i n v e s t m e n t s 69,726 322,557 214,253 74,433 384,854 720,952 105,810 106,663 129,501 784,004 125,288 771,564 445,846 409,595 394,569 2 , 4 9 2 , 1 7 0 2 , 5 5 0 , 2 3 1 451,268 5,974,030 5 , 9 3 7 , 9 6 5 1 , 7 9 2 , 2 9 1 1 , 7 5 4 , 6 6 3 1,672,017 1 , 6 6 0 , 8 1 1 1,032,793 1,072,990 200,667 196,352 169,550 168,943 247,693 76,754 54,983 88,646 98,760 U, S» V i c t o r y n o t e s 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 T o t a l U+S. s e c u r i t i e s Reserve b a l a n c e s w i t h F» R, bank 608,772 669,481 l4l,418 141,843 Cash i n v a u l t 125,979 123,660 42,130 44,707 4,669,929 4,765,497 594,725 926,118 2 , 0 9 3 , 5 3 5 8,188,739 1 , 7 1 2 , 5 2 1 1,712,332 1,708,294 1 , 7 0 8 , 1 7 6 1,135,334 1,156,044 Net demand d e p o s i t s 242,330 647,424 642,363 536,094 535,400 507,430 73,368 77,479 43,891 44,292 496,833 1,413 607,246 2,418 194,335 4,668 197,660 4,098 98,885 1,150 101,872 615 Time d e p o s i t s 305,029 311,212 258,882 261,407 Government d e p o s i t s 32.0,364 323,251 30,088 36,264 510,486 361,770 45,570 53,716 B i l l s p a y a b l e w i t h F- R, bank: Secured by U* S. war o b l i g a t i o n s 226,359 All other B i l l s r e d i s c o u n t e d w i t h F.R. bank: Secured by U. S* war o b l i g a t i o n s 119,469 All other 246,678 R a t i o of U.S. war s e c u r i t i e s and war papa: to 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 cent; 20.8 - - — ' 117,270 219,776 2,710 72,512 2,133 95,157 259,967 502,696 260,685 520,954 18,881 73,766 21,923 72,295 19,814 56,292 20,491 60,243 20.4 12.2 12.9 18-0 17-2 17.8 18.1 14.s 15.1 r j
@FedFRASER