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STATEMENT FOB THE PRESS Released, f o r publication in Friday afternoon papers, January 20; not earlier. St,2563 Federal Reserve Board January 19, 1922. CONDITION OF MEMBER BAMS 111 LEADING CITIES. Loan l i q u i d a t i o n , aggregating about $100,000,000, and a t o t a l reduction of $ lib ,000,000 in borrowings from the Federal reserve "banks are the salient features of member bank development during the week ending January 12, as indicated oy reports of 808 member banks in leading c i t i e s , The week saw a large r e t u r n flow to the banks of Federal reserve notes and other currency concurrently with considerable liquidation of outstanding loans and disccunts, Currency thus received apparently was used by the member banks to reduce their own indebtedness at the reserve banks. All classes of loans show s u b s t a n t i a l reductions f o r the week; loans secured by Government obligations - by $2},000,000, loans secured by corporate obligations - by $32,000,000, and a l l other loans and discounts, comprising largely commercial and i n d u s t r i a l loans,- by 4;45,000>000, Corresponding changes f o r member banks in New York City include reductions of $12,000,000 in loans secured by Government obligations, of $31,000,000 in loans secured by corporate obligations, and of about $1,000,000 in commercial loans proper. Investments of the reporting banks in United States bonds, largely Liberty bonds, show an increase of $11,000,000 for the week and of $90,000,000 since January 14 of l a s t year. Holdings of Victory notes increased during the week by about $8,000,000 and those of Treasury notes sfcow a decrease of $1,000,000. Member banks in New York City report nearly the same changes during the week in t h e i r holdings of these three classes of Government securites. Holdings by the reporting i n s t i t u t i o n s of Treasury c e r t i f i c a t e s show a reduction of &7,000,000, while like holdings of member banks in New York City show an increase of $7,000,000 f o r the week. Investments of the reporting i n s t i t u t i o n s in corporate and other s e c u r i t i e s show p r a c t i c a l l y no change, while the member banks in New York City report a reduction f o r the week of $3,000,000 under t h i s head. Total loans and investments, in consequence of the changes noted,are shown $90,000,000 less than the week before, the corresponding reduction for member banks in New York City being $23,000,000, Accommodation of the reporting member banks at Federal reserve banks,in connection with the substantial return flow of currency during the week, shows a reduction from $647,000,000 to *531,000,000, or from 4.4 to 3.6 per cent cf the canks t o t a l loans and investments. For member banks in New York City a ecreate from $125,000,000 to $97,000,000 in t o t a l borrowings from the local reserve bank and from 2,6 to 2 per cent in the r a t i o of accommodation is noted, doe deposits with the reporting i n s t i t u t i o n s decreased about a u r i n S t h e week Iti'aaaaaa * N e t demand deposits & ow an increase of n d tlm dep03its L v / n / ® - a n increase of $8,000,000. Member -anks in U.C? p 0 o j. V S » balances by out-of-town banks, and a gain of $6,000,000 in time slPSasfiB Released f o r p u b l i c a t i o n Friday afternoon, Jan. 20, 1922; not e a r l i e r . PRINCIPAL RESOURCE AND LIABILITY ITEMS OF REPORTING- MEfffiER BANKS IN LEADING CITIES ' (Amounts in thousands of d o l l a r s ) Jan. 11, 1922 Jan. 4, 1922 July 13, 1921 Number of reporting banks — gog 808 81b Loans and discounts, including b i l l s rediscounted with F. R. Bank: Secured by U. S. Govt, obligations 475,707 498,405 638,399 Secured by s t o c k s and bonds (other than U. S. s e c u r i t i e s ) 3,152,323 3,184,299 2,985,483 All other loans and discounts 7,478,399 7,523,065 8,111,808 Total loans and discounts 11,106,429 11,205,769 11,735,690 U. S. bonds U. 3. Victory notes U. S. Treasury notes ' U. S. C e r t i f i c a t e s of indebtedness Other bonds, stocks and s e c u r i t i e s Total loans & discounts & i n v e s t . , i n c l u d i n g b i l l s r e d i s ' d . w i t h F.R.Bk.Reserve balance with F. R. Bank Cash in vault . Net demand deposits Time deposits Government deposits • B i l l s payable with Federal Reserve Bank: Secured by U. S. Govt, obligations All other B i l l s rediscounted with Federal Reserve Bank: to t o t a l loans and investments, per cent - -- -- -- -- -- -- -- 9b0,b70 179,915 127,545 211,104 2 ,095,673 14,681,33b 1,325,419 315.985* 10,427,495 3,019,481 238,573 St.2563a. Jan. 14, 1921 830 833,470 3,084,323 9,136,182 13,053,975 9 50,145 172,368 128,491 218,29b 2 ,09b ,071 14,771,140 1,314,021 326,748 10,4lb,4b7 3,011,212 256,930 862,208 170,476 SO,634 154,877 2,045,474 15,049,359 1,247,211 336,685 10,085,866 2,903,087 277,917 222,100 2,049,445 lb,397,231 1,317,069 3b0,0b0 10,928,31b 2,933,430 72,455 227,458 1,138 2bl,2l4 1,314 310,849 924 539 603 1*414 «*» a# 7.7 11^ 3,6 4.4 870,427 201,284 Released f o r p u b l i c a t i o n Friday a f t e r n o o n , Jan. 20, 1922; not e a r l i e r , PRINCIPAL RESOURCE AND LIABILITY ITEMS OF ALL BEPORTING MEMBER BANKS IN EACH FEDERAL RESERVE DISTRICT AT CLOSE OF BUSINESS JAN, 11,'1922. EuSJfof Loans and discounts, including b i l l s r e d i s counted w i t h F. R, Bank: #s= U. S. bonds U. S. V i c t o r y n o t e s Bcst°n Na» York S 46,801 2,630 374,215 96,735 VMla. 5 47,355 12,763 4,862 U. S, Treasury notes 4,108 90,201 U. Si C e r t i f i c a t e s of indebtedness 3,520 129,925 8,552 Other b o n d s , s t o c k s & s e c u r i t i e s 141,209 733.35^ 164,781 T o t a l loans and discounts and investments, including b i l l s rediscounted with F.R.Bk. 998,768 5,499,481 214,266 Reserve balance w i t h F. R. Bank 75,2bl 650,235 62,915 Ca.sh in v a u l t 22,039 103,513 15,832 Net demand deposits 749,974 4,804,703 625,935 Time d e p o s i t s 181,957 Government deposits • 17,659 B i l l s payable with F.R.Bank: Secured by U.S.Govt.oblig, b,lbl All other . B i l l s rediscounted with F.R.Bankt Secured by U.S.Govt, oblig, 1,292 All other 14,885 481,970 92,990 46,360 24,713 107,129 19 803 1 236 25,909 7,541 6^450 0 1 ^ 5 Eich. 1 " 82 ^ O M c a g o ^ l l Louis 111 37 Minn. Kans.Cy. Dallas 35 79 53 San,Fran. 67 Total 208 lligg 115,728 60,742 27,610 14,845 2,763 2,257 4,660 8,869 267.165 2,655 48,580 26,393 16,052 32,667 1,013 73,390 28,120 2,656 3,b57 125 7,514 548 374 1,217 33,952 1,188 517 981 1,563 36,073 18,812 382,10b 4,931 69,270 4,511 21,181 4,468 48.184 3,333 9,620 100,260 960,670 13,627 10,049 179,915 127,545 211,104 14,965 173,651 2,095,673 403,018 565,215 437,351 2,091,647 545,037 297,272 533,052 237,336 1,208,853 14,681,336 92,352 33,151 27,404 179,02b 43,354 13,457 39,633 21,413 82,213 1,325,419 31,187 15,673 10,020 7,330 55,723 7,330 12,717 24,388 9,733 315,925 763,051 310,038 224,076 1,292,47s 312,203 177,501 367,133 190,92s 609,475 10,427,495 425,969 128,904 142,397 651,953 154,056 77,321 104,337 60,405 563,352 3,019,481 26,001 6,280 7,223 6,048 29,239 6,689 5,489 11,046 5,19b 233,573 21,599 27 18,463 2,251 55,650 1,073 26,220 6,353 2,671 25,135 19,845 157 6,332 2,418 50,475 1,333 20,072 — 970 84 7,060 102 5,400 1,233 25,952 - 2,593 475 11,095 395 227,45s 1,133 19 8,759 599 16,181 20,773 281,133 Released f o r p u b l i c a t i o n Friday afternoon, Jan. 20, 1922, not e a r l i e r 5*4*2'% PRINCIPAL RESOURCE AND LIABILITY ITEMS OF REPORTING MEMBER BANKS IN F. R. BANK AND BRANCH CITIES AND IN OTHER SELECTED CITIES' (Aa-ounts in thousands of d o l l a r s ) All F. R. Other F- R. New York City City of Chicago Bank c i t i e s Branch c i t i e s selected c i t i e s Jan. 11 Jan. 4 Jan. 11 Jan. 4 Jan. 11 Jan - 4 Jan. 11 Jan. 4 Jan. 11 Jan. 4 Number of reporting banks 67 67 50 50 318 215 215 318 275 275 Loans and discounts, including b i l l s redis'd.with F . R. Bank: Secured by U.S.Govt, oblig. 161,577 51,072 48,658 80,084 83,401 173M5 331,124 348,307 64,499 66,697 Secured by stocks and bonds 1,238,452 1,269,238 316,276 429,086 2,263.320 2,300,030 459,917 462,179 422,090 319,257 All other loans and discounts 2,197,223 2,198,287 678,872 688,019 4,764,795 4,788,406 1,400,152 1,416,227 1.313,452 1,318,432 Total loans and discounts 3.597,252 3,64c,970 1,046,220 1,,055,934 7.359,239 7.436,7% 1,940,153 1,961,807 1.807,037 1,807,219 21,734 U. S. bonds 22,151 316,392 222,011 222,947 325,978 516,931 221,728 506,333 220,865 80,981 13.860 88,736 U- S. Victory notes 14,457 123.287 115,136 37,037 37.805 19,591 19,427 U. S. Treasury notes U. S. C e r t i f i c a t e s of indebtedness Other bonds, stocks and s e c u r i t i e s Total loans and discounts and investments, including b i l l s rediscounted vith F- R. Bank Reserve balance with F. R. Bank Cash in vault Net demands deposits Time deposits Government deposits B i l l s payable with F, R. Bank: Secured by U.S. Govt, obligations All other B i l l s rediscounted with F . R. Bank: Secured by U.S, Govt, obligations All other Ratio of b i l l s payable and rediscounts with F . R, Bank to t o t a l loans and investments, per cent 85,808 86,806 125,127 556,238 117,628 2,976 10,042 3.193 14,318 559,198 173,538 172,933 97.731 97,953 167,143 166,199 1,156,378 1,157,945 1,268,370 1,282,986 128,164 126,609 32,760 36,254 895,412 887,357 9.419.765 9,481,253 981,419 984,199 178,711 184,915 7,389.178 7,390,077 1.411,919 1.406,993 180,426 194,893 926,406 36,581 39,060 21,566 22,977 4,779,139 4,801,975 6o4,6ll 612,586 90,000 90,199 4,328,718 4,350,255 17,371 17,165 12,443 13,373 22,379 584,555 28,580 586,008 22,526 354,740 22,573 352.118 2,823,506 2,854,312 195,897 59,262 1,577,601 2,438,065 2435.575 184,905 148,103 144,917 62,077 78,012 79.756 1,577,441 1,460,716 1,448,949 923,975 681,156 680,244 306,479 300,689 313,346 314,846 87,049 93,423 22,325 25,000 86,680 107,030 2,022 157 5,369 180 129.746 157 155,448 180 62,301 579 68,215 567- 35.411 402 37 . 551 567 3 > 866 91.454 - - 10,161 1,813 15,939 1,727 21,076 2,951 36,490 12,330 130,259 18,992 182,216 4,713 69,372 5.925 81,924 3,730 81,507 2.0 2-6 2.0 3-5 2.9 3-8 4*9 5-5 5*0 — 5*5
@FedFRASER