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Released f o r p u b l i c a t i o n , Monday morning, J a n . 2 4 ; not e a r l i e r . STATEMENT FOR THE PRESS st.1745 F e d e r a l R e s e r v e Board J a n u a r y 22, 1321 » CONDITION OF MEMBER BANKS IN LEADING CITIES A g g r e g a t e r e d u c t i o n s of l o j m i l l i o n s i n l o a n s and d i s c o u n t s , a c companied "by a d e c r e a s e of 135 m i l l i o n s i n t o t a l accommodation a t t h e F e d e r a l R e s e r v e Banks, a r e i n d i c a t e d , i n the F e d e r a l R e s e r v e B o a r d ' s cons o l i d a t e d weekly s t a t e m e n t of c o n d i t i o n on J a n u a r y 14 of 82Q member banks in leading c i t i e s * Holdings of government s e c u r i t i e s show f u r t h e r d e c l i n e s : U* S. bonds, i n c l u d i n g L i b e r t y bonds, - by 9 m i l l i o n s , V i c t o r y n o t e s - by 4 m i l l i o n s , and T r e a s u r y c e r t i f i c a t e s - by 6 m i l l i o n s , w h i l e h o l d i n g s of o t h e r s e c u r i t i e s show a n i n c r e a s e f o r Ihe weak of 23 m i l l i o n s , n o t w i t h s t a n d i n g a r e d u c t i o n u n d e r t h i s h e a d of 12 m i l l i o n s r e p o r t e d by t h e member banks i n New f o r k C i t y . A l l c l a s s e s of l o a n s show s u b s t a n t i a l r e d u c t i o n s f o r t h e week; l o a n s s e c u r e d by government o b l i g a t i o n s - by §4 m i l l i o n s ; l o a n s s u p p o r t e d by c o r p o r a t e s e c u r i t i e s - by 40 m i l l i o n s , and o t h e r l o a n s and d i s c o u n t s - by $2 m i l l i o n s . F o r t h e New York C i t y members c o r r e s p o n d i n g r e d u c t i o n s of 2 2 , 35 and 13 m i l l i o n s a r e shown. Accommodation of t h e r e p o r t i n g banks a t t h e R e s e r v e Banks shows a d e c l i n e f o r t h e week f r o m 2 , 0 5 0 t o 1 , 8 9 5 m i l l i o n s , o r f r o m 1 2 - 3 t o 1 1 . 5 p e r c e n t of t h e banks' a g g r e g a t e l o a n s and i n v e s t m e n t s . F o r t h e New York C i t y banks t o t a l accommodation a t t h e l o c a l R e s e r v e Bank showa a d e c r e a s e f o r the week f r o m 788 t o 719 m i l l i o n s , o r f r o m 1 4 . 3 t o 13*5 p e r c e n t of t h e t o t a l l o a n s and i n v e s t m e n t s of t h e s e banks• S i n c e O c t o b e r 15> when t h e peak f i g u r e of 1 7 , 2 8 4 m i l l i o n s was r e a c h e d , t o t a l l o a n s and i n v e s t m e n t s of r e p o r t i n g banks d e c l i n e d by 844 m i l l i o n s , or by n e a r l y 5 p e r c e n t - D u r i n g t h e same p e r i o d t h e i r b o r r o w i n g s from t h e F e d e r a l R e s e r v e Banks d e c l i n e d f r o m 2 , 2 4 $ t o 1 , 8 9 5 m i l l i o n s , o r by n e a r l y iG p e r c e n t . Government d e p o s i t s show a d e c r e a s e f o r t h e week of 40 m i l l i o n s * o t h e r demand d e p o s i t s ( n e t ) a r e d u c t i o n of 19 m i l l i o n s , w h i l e time d e p o s i t s went up 25 m i l l i o n s . At t h e New York C i t y banks t h e r e were r e d u c t i o n s of 18 m i l l i o n s i n government d e p o s i t s and of 47 m i l l i o n s i n o t h e r demand d e p o s i t s , a s a g a i n s t a n i n c r e a s e of 4 m i l l i o n s i n time d e p o s i t s . Reserve b a l a n c e s of t h e r e p o r t i n g banks d e c l i n e d a b o u t 40 m i l l i o n s , t h e New York banks r e p o r t i n g a r e d u c t i o n of t h i s i t e m by a b o u t 17 m i l l i o n s . Cash i n v a u l t , i n k e e p i n g w i t h t h e c o n t i n u e d r e t u r n f l o w of c u r r e n c y t o t h e F e d e r a l Reserve Banks, shows a d e c r e a s e of a b o u t 20 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 a b o u t 9 m i l l i o n s f o r t h e member banks i n New York C i t y , R e l e a s e d f o r p u b l i c a t i o n Monday m o r n i n g , J a n u a r y 24, 1921, n o t PRINCIPAL m * N « earlier* e » MI® » St.1745a. LEADIKG e r a s . . — y g n o u n t s i n t h o u s a n d s of d o l l a r s ) Ivumter of r e p o r t i n g b a n k s Jan- l4, 829 L o a n s and d i s c o u n t s , i n c l u d i n g b i l l s r e d i s c o u n t e d w i t h F R B^nkLoans s e c u r e d b y U . S . G o v t , o b l i g a t i o n s - - - - I Loans s e c u r e d by s t o c k s and bonds ( o t h e r t h a n U . S . s e c ^ r i t i e o ) A l l o t h e r l o a n s and d i s c o u n t s T o t a l l o a n s and d i s c o u n t s _ _ _ _ _ _ _ _ _ _ U . 3 - "bonds ^ - - - - - 2 ^ 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 o f i n d e b t e d n e s s O t h e r bonds, s t o c k s and s e c u r i t i e s Total loans & discounts, - - & invests -including b i l l s redisc'd.with R e s e r v e b a l a n c e w i t h F . R, Bonk _ _ _ _ _ _ _ _ _ _ _ _ _ Cash i n v a u l t N e t demand d e p o s i t s Time d e p o s i t s Government d e p o s i t s B i l l s p a y a b l e w i t h F e d e r a l R e s e r v e Bgxk; S e c u r e d by U. S . G o v t , o b l i g a t i o n s _ _ _ _ _ _ _ _ All other B i l l s r e d i s c o u n t e d w i t h F e d e r a l Reserve Bank: S e c u r e d by U. S . G o v t , o b l i g a t i o n ? I All other F-B.Bk- 7, 1921 828 J u l y 16,1920 8l4 J a n . 16,1920 803 869,157 13,136,254 3,107,83 9.326.249 13,303,259 999,799 3,046,794 (a) (a) 1 , 2 7 4 , 507 3,370,053 (a) (a) 869,723 878,368 876,344 892,074 201,236 205, 567 19*+, 931 226,391 222,100 227,555 472,805 815,851 2,010.709 1,927.828 16,440,082 16,602,577 16,893,150 16,718,255 1,317,050 1,356,643 1, 4 2 1 , 9 0 6 1,473,974 369,117 388,611 367,853 377,307 10,918,913 10,938,244 11,553,677 11,726,214 2, 9 3 3 , 3 1 0 2,908,792 2, 698, 479 2,466,279 7s, 455 118,612 121, 561 423,121 539,603 593,594 2,190 719,748 1,599 795,668 264,329 299,821 11.8 10-5 l, 4i4 226,501 1,126,943 R a t i o o f b i l l s p a y a b l e and r e d i s c o u n t s w i t h F . E . Banks t o t o t a l l o a n s and i n v e s t m e n t ? , p e r c e n t _ _ _ _ _ _ Jan. 834,813 3,067,631 __ _ ___ ^ _ 1921 11-5 249,470 1,204,613 12.3 (a) 1,004,187 (a) Comparable f i g u r e s n o t a v a i l a b l e - (a) 5,6oi 656,286 R e l e a s e d f o r p u b l i c a t i o n Monday morning, J a n u a r y 24, 1921; n o t e a r l i e r . AL EES0URCE . LIABILITY ITEMS OF ALL REPORTING mSLmZAMS IN EACH IEDERAL RESERVE DISTRICT AT CIOSE OF BUSINESS JANUARY l 4 , 1921. Clevet"m:w: Loans a n d ' d i s c o m t s i n c l u d i n g "bills redisconntod w i t h F» R. Bank: 89 ^ 84 U S L c ^ I . W . 114 37 5 ^ S H S ; = H -HI liSfS f'S ,;|g if g | | i , | l : : ^ u o a e ? ^ t ; \ f ^ t l 3 Minn. Kans.Cy. D a l l a s 35 g2 52 San F r a n . 69 Tbtel 82$ | 6| | | | | | | | | | z s .,1... \ :$ •.?:$ M .ggg *•>» M nn-^1 ^ ? a s and i n v e s t m e n t s i n c l u d i n g b i l l , roais'd.with F . B . B k . i , 103,710 6,169,337 802,701 1,531,930 602,452 526,46i 2,388,463 611,63s 33s,306 626,726 336,100 1,300,253 i6,44o 0 ® Reserve balance with T.R.Bank 79,993 621,002 63,907 99,^ 35,061 29, 736 Cash in vault 24,595 125,025 36,3$) 17,491 13,402 18,4o5 187,271 4 3 ,Ol4 6o,8l4 9,903 19,132 43, 9 S1 8,637 14, si9 22,748 7!,751 1,317,050 11,505 28,141 369117 Ket d^and deposits 7=3,568 4,595,677 661,756 908,4)5 332,965 243,481 1,340,089 332,698 187,780 4oo,28i 213,907 Time deposits 172,871 477, l4l 37,003 403,134 113,009 6,451 39,588 6,227 Government deposits 11,39* 146,684 1,806 73 5 662,190 147,760 70,007 110,70s 6,118 1,508 874 ' 6 29 B i l l s p a y a b l e w i t h F.R.Bank: In'olr' S - ^ 0MiS ' 13 525 ' '55,136 46,255 25,699 2U,i 5 0 29,s4i 70:493 403:%3 30J32 f z % ^ ^ 3D - 85 66,573 - 16,515 - 6,4os 16,326 3^6® 5?: 177 1,208 59,712 533,091 2,933,310 396 2,729 78,455 10,686 10,686 10 22,489 75 539,603 i,4i4 1,934 26:757 26,757 6,200 226,501 1,126,94s B i l l s r s d i s c o u n t e d w i t h F.R.Bank: 111 o t h e r " S ' G °Vt' ° http://fraser.stlouisfed.org/ * Bank of St. Louis Federal Reserve M l g ' A l M »:^4 618,276 10,91s!913 74,306 R e l e a s e d f o r •"ubli c a t i o n Monday morning, J a n u a r y 24 Nunher of r e p o r t i n g banks Loans and d i s c o u n t s i n c l u d i n g b i l l s r e d i s c ' a . w i t h F.R.Bank: loans sec.by U.S.Govt-oblig. Loans s e c , b y s t o c k s & bonds A l l o t h e r l o a n s and d i s c o u n t s T o t a l l o a n s and d i s c o u n t s 17 - R . bonds U. S. V i c t o r y n o t e s li • 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 Other oonds, s t o c k s & s e c u r i t i e s T o t a l l e a n s and d i s c o u n t s , and investments including b i l l s r e d i s c o u n t e d w i t h F . B. Bank iq?l • not » ri • New York C i t y Jan. l4 Jan. 7 72 72 327,264 1,166,744 365, 225 1,131,969 2.920.770 -Am_g46, 258, 107 81, 113 117,321 R e s e r v e b a l a n c e w i t h F- R, Bank 571,559 538,376 Cash i n v a u l t 102,765 111,669 > 4,4O6, 11s 4,452,621 Government d e p o s i t s B i l l s p a y a b l e w i t h F . R. Bank: S e c . by U. S- Govt, o b l i g a t i o n s All other B i l l s r e d i s c o u n t e d w i t h F . E . Tank: S e c . by U- S . Govt., o b l i g a t i o n s All other 312,794 t 32,46c 228,075 108,326 322,280 R a t i o of b i l l s p a y a b l e and r e d i s c o u n t s w i t h F. R. B k . , t o t o t a l l o a n s and i n v e s t s . , p e r c e n t 13 ,2 < * 51 51 60,845 326,190 884.l4o A l l F . R, Bank c i t i e s J a n . l4 Jan. 7 235 285 65,626 617,823 650,775 886' 77Q 0 r'191,731 a'a7^'cP m 260,163 15, 881 84,128 12, 894 119,376 8,255 571.704 -13X1225,523,225 Time d e p o s i t s C i t y of Chicago Jan. l4 Jan. 7 ciTffis ^ ^ ^ w F . R. Branch c i t i e s Jan. l4 Jan - 7 ' 212 211 All o t h e r r e p o r t i n g banks Jan. l 4 Jan- 7 332 332 125,037 494,051 123,99,0 4489, 8 9 , 1l b6 4 ,91,953 ,94,392 222,935 50,164 37,926 552, 869 225,373 51,206 39,529 537.939 214,754 35,844 28,923 345.371 216,602 34 951 30'564 338,KQn 424,330 426,95s 1]2S3iE53 5,433,84s Net dan and d e p o s i t s ^ 309,322 56,4oo 257,970 121, l 4 8 4os,433 14-3 1,441,612 1 U ' 50,4 2 0 10,654,902 10,786,340 3,150,170 3,170,592 2,635,010 2,645,645 134,722 129,804 952,496 990,333 200,536 207,188 164,018 159,122 35,991 39,572 206,657 223,272 70,262 74,064 92,192 91,269 935,739 924,596 7,651,009 7,676,351 1,722,65s 1,706,410 302,543 3,146 302,109 1,340,821 1,346,767 4,787 60,584 90,791 13,825 12,296 13,559 341,678 ' - 12,288 184,656 148,473 157,357 12.1 12.7 331,599 12 .7 1,545,246 1,555,483 934,591 922,483 657,298 639, 542 H,501 17,618 6,370 10,203 384,618 125,740 135,694 1,100 170 505 72,185 1,244 73,282 585 204,601 826,729 147,713 10,965 147,636 12,441 158,733 13-7 30, 880 9-7 32,428 159,151 10.3 8.8 9-3
@FedFRASER