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STAiaffiiJ'T PGR THE PRESS St,574 Released f o r p u b l i c a t i in Monday F e d e r a l Reserve Board morning, J a n . 26, I52D; not e a r l i e r . January 24, 1920. r CONDITION 07 l iZJ3JR BANKS . , Large withdrawals of Government d e p o s i t s i n connection w i t h the redemption on January 15 of Treasury c e r t i f i c a t e s and corresponding i n c r e a s e s i n o t h e r demand dep o s i t s a r e i n d i c a t e d i n 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 condition on January lb of 502 member banks i n l e a d i n g c i t i e s . United S t a t e s s e c u r i t y h o l d i n g s were 102.5 m i l l i o n s l o s s than the week before as the r e s u l t of the f o l l o w i n g d e c r e a s e s : n o t e s - 10.4 m i l l i o n s ; U n i t e d S t a t e s bonds - 13.4 m i l l i o n s ; Victory and Treasury c e r t i f i c a t e s - 75-7 m i l l i o n s . 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 , d e c l i n e d 2«3 m i l l i o n s , though the member banks i n New York City r e p o r t an i n c r e a s e under t h i s head of 12«5 m i l l i o n s « Loans secured by stocks and bonds f e l l o f f about 10 m i l l i o n s a t a l l r e p o r t i n g banks and 19«6 m i l l i o n s a t the New York City banks • A l l o t h e r loans and i n v e s t m e n t s , e x c l u s i v e of r e d i s - counts, show an i n c r e a s e of 4 . 4 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 25.9 m i l l i o n s f o r member banks i n New York C i t y . T o t a l loans and i n v e s t m e n t s of r e p o r t i n g banks, e x c l u s i v e of r e d i s c o u n t s , - 15,525*5 m i l l i o n s - show a r e d u c t i o n f o r the week of 11D«5 m i l l i o n s , of which 3 3 m i l l i o n s c o n s t i t u t e s the share of the New York City banks» During the week the r e p o r t i n g banks i n c r e a s e d the amount of t h e i r c o l l a t e r a l notes d i s c o u n t e d w i t h the F e d e r a l Reserve banks by about 4 m i l l i o n s , and the amount of customers' paper r e d i s c o u n t e d w i t h t h e F e d e r a l Reserve banks by about24 m i l l i o n s < Ihe t o t a l volume of war paper h e l d under discount f o r r e p o r t i n g members by the Fede r a l Reserve banks i n c r e a s e d during the week from 1 , 0 5 5 . 5 to 1,095»5 m i l l i o n s , while the amount of discounted commercial paper p r o p e r went up from 64o .6 t o 66l . 9 m i l l i o n s . Net withdrawals of Government d e p o s i t s during the week a g g r e g a t e d 210.6 m i l l i o n s , the New York members alone r e p o r t i n g a n e t r e d u c t i o n under t h i s h e a d of 113 >4 m i l lions. Other demand d e p o s i t s ( n e t ) , on the o t h e r hand, wont up 18%.2 m i l l i o n s , sub- s t a n t i a l i n c r e a s e s under t h i s head being shown f o r banks i n F e d e r a l Reserve c i t i e s , as w e l l as o u t s i d e these c e n t e r s , while time d e p o s i t s show an i n c r e a s e f o r the week Reserve of about 31 m i l l i o n s . Reserve balances w i t h the F e d e r a l / b a n k s i n c r e a s e d from 1,4o6 »5 to 1,472,5 m i l l i o n s , the l a t t e r f i g u r e being over 75 p e r cent of the t o t a l r e s e r v e d e p o s i t s c a r r i e d on January l6 ly the F e d e r a l Reserve banks. Cash in v a u l t f o i l o f f 33*5 m i l l i o n s , t h i s d e c l i n e a p p a r e n t l y r e p r e s e n t i n g to a l a r g e e x t e n t the amount of Federal Reserve n o t e s r e t u r n e d t o the F e d e r a l Reserve banks. F-T ^ — — '— ^ '/T^- ^ , St Released f o r p u b l i c a t i o n Monday morning, January 26, 1920; n o t e a r l i e r . * PRINCIPAL RESOURCE AND LIABILITY ITEMS OF REPORTING MEMBER BANKS IN LEADING CITIES. (Amounts i n thousands cf d o l l a r s ) — — Jan.16,1920 J a n . 5 , 1 5 2 0 J u l y 16,1919 Number of r e p o r t i n g banks - - - - - - - - - - - - - - - - - - - - - - - - - - - 74a •——— Jan,17,1919 802 802 U. S. bonds to s e c u r e c i r c u l a t i o n 268,755 268,650 269,001 262,7^ Other U.S.bonds i n c l u d i n g L i b e r t y bonds - - - - - - - - - - - - - - - - - - - - 623,299 636,707 650,083 825,595 U. £ . Victory n o t e s 225,571 236,31+7 368,189 —815,85! 894,649 1,933,776 2,036,353 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 o b l i g a t i o n s Loa:i3 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 investments - - - - - - - - - - - - - - - - - - - - - - - - 1,001,954 3>35^>^6 9» 535) 787 l,Og*,20* 3>3®+»049 / 9* 53^>352 ) Reserve 1 >72,755 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 ot a l u . s . s e c u r i t i e s - - 1,322,11+5 10,290,625 , 1,182,721 10,135*^68 1,406,535 1,300,919 1,29c,874 376,937 "10,707 364,£23 386,621 11,736,439 11,5^9,176 10,716,098 10,080,102 2,440,665 2,409,739 1,766,815 1.605,064 423,121 633,745 412,925 658,956 - 795,668 5,601 790,053 ) 7,237 ) 1,068,817 ' ' 811,749 - - 299,£21 656,286 ^ 298,662 ) 633,360 ) 349,978 402,730 16-9 17*4 23.O 25.1 Net derrani 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 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:: Secured by U.S. war o b l i g a t i o n s All other R a t i o of U. S. war s e c u r i t i e s and war paper t o t o t a l loans and i n v e s t m e n t s , p e r cent 1,467,026 2,555,363 Cash i n v a u l t - - - - - - - 768 2,217,397 balances w i t h r . a . bank 3i?.Is payable w i t h F e d e r a l Reserve Bank: Secured by U.S. war o b l i g a t i o n s All other - - - - - - - _ _ _ _ _ 769 s Released f o r p u b l i c a t i o n Monday morning> January 26, 1920; not e a r l i e r . S t . 374b PRINCIPAL RESOURCE AND LIABILITY ITEMS OF ALL REPORTING ]\'IEMIER BANES IN EACH FEDERAL RESERVE DISTRICT AS AT CLOSE OF BUSINESS JAN.l6,1920 (Amounts i n thousands of d o l l a r s ) F e d e r a l Reserve D i s t r i c t Boston New York Phi l a % Clcvel- Richm. A t l a n t a Chicago S t . Louis Minn, l^ans- Cy« Dallas San F r a n . Tot&l No* 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 (• Other U.S., i n c l . L i b e r t y bonds V. S. Victory n o t e s U . S . C e r t i f i c a t e s of Indebtedness T o t a l U. S. s e c u r i t i e s j, Loans and i n v e s t m e n t s e x c l u s i v e ' o x b i l l s r e d i s counted w i t h F . R and oLher banks: P Leans sec*by U-ScWar oblige k Loans necvby s t o c k s & bonds A l l other 1 o a n b ^ l n s tmants 112 82 Uj 107 35 35 22 44 64 802 13,011 48,887 11,097 Ul.gUl 26,296 lU,Q15 20,893 17,17$' 7,120 14,239 19,573 34,605 268,755 l 4 , l 4 gs 263,507 29,425 61,123 36,005 29,226 60,310 1 ^ , 3 6 1 10,60S 25,321 18,4l6 60,769 623,299 7,883 7,823 87,143 12,460 24,675 11,356 7,650 43,251 2,695 6,125 3.276 14,153 225,871 43,138 327,235 52,716 59,165 29,094 35,598 120,521 24,45 7 S,l 6 0 72,160 726,772 111,692 1^6,804.102,751 86,429 244,975 60,b02 35,708 35,70s 63,266 56 92 4,6o4 72,171 164,380 1,933.776 * 19,422 14,970 7,237 75,012 33,292 32,064 252,565 474,723 219,126 522,104 29.065 41.527 204224 206,769 1.502 686,122 3,352,073 501,277 Reserve b a l a n c e ^ v i t h F i R,bank 88,612 704,190 65,301 24,475 53,017 29,720 Cash i n v a u l t 23,487 126,482 lb,65O 9,012 15,397 10,599 Net denand d e p o s i t s [-r 'Tine d e p o s i t s ^ 46 > 131,337 402,923 23,156 37,292 214,221 35,180 35,120 23,249 329,524 63,419 B i l l s r e d i s c o u n t s ! w i t h F.E.Bank: Sec.by U.S.war o b l i g a t i o n s 53,947 All other 39,757 123,479 279.176 79,10b 79,106 26,627 Government d e p o s i t s , B i l l s payable w i t h F.E.Bank: Ssc-by U.S.war o b l i g a t i o n s All other 246,542 475,614 255,665 222,225 5,234,706 662,121 37,226 7,990 10,733 39,235 '360 10,528 10,009 3,101 12,906 ' 5,223 6,557 59,972 27,013 40,325 5,230 5,2*30 3,241 2,971 13,230 423,121 11,424 150 24,799 4,991 23,305 - 1,86s 100 . 795,668 5,601 1,811 40,513 3,064 42,829 213 4,547 2,123 299,221 656,226 St Released f o r p u b l i c a t i o n Monday morning, January 26, 1920; not e a r l i e r . - "74c PKINCIPAl RESOURCE AND LIABILITY I TEE OF MEMIER BANKS IF F . E. BAM'. AND BRANCH CITIES AND ALL OTHER REPORTING BANKS. (Amounts i n thousands of d o l l a r s ) : : All F.R. r . E. All other New York City City of Chicago bank c i t i e s branch c i t i e s r e p o r t i n g banks Jan. l6 Jan. 9 Jan.lo Jan. 5 J a n . 16 Jan. 9 Jan.l6 Jan. 9 Jan.l6 Jan. 9 71 50 50 27b 27b 191 191 335 335 ^ Iteibor of r e p o r t i n g banks 71 f A t . s . "bonds to s e c u r e 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 ^ U. S. V i c t o r y n o t e s 39.190 39,190 1,439 1,439 101,584 101,612 70,6c4 70,569 96,567 96,469 232,326 232,446 27,025 27,263 360,733 373,317 140,100 141,324 122,466 122,006 76,244 27,320 12,529 19,050 123»025 134,132 56,09s 55,727 4o,742 46,422 600.624 177,024 129,931 96,213 104,034 99,732 97,297 1,127,296 1,209,751 443,226 457,611 361,994 362,991 67,333 355,269 219,645 126,290 104,335 105,210 126,702 771,564 770,911 69,726 461,924 420,029 409,295 2,492,170 459,510 2,474,427 322,557 214,253 5,924,306 5,974,030 l , 2 , 3 , 9 1 2 1,525,311 1,677,569 1,672,017 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 ot al U. S. s e c u r i t i e s 657,467 712,346 • 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: 493,562 451,025 Loans secured by U.S.war o b l i g a t i o n s 1,344,026 1,363.675 r Loans secured by s t o c k s and bonds 3,023,795 2,994,904 L A l l o t h e r l o a n s and investments Reserve balances w i t h F . R . bank 660,997 602,772 145,020 Cash i n v a u l t 113,743 125,979 32,916 Net demand d e p o s i t s _Tine d e p o s i t s Government d e p o s i t s *B i l l s payabla w i t h F„ E . bank: Secured by U» S, war o b l i g a t i o n s All other B i l l s rediscounted with bank: Secured by U. S• war o b l i g a t i o n s All other y 3 a t i o 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 i n v e s t m e n t s , per c e n t - <k # 4,766,405 4,669,929 1,003,732 141,412 1,022,923 1,032,793 202,200 206,702 174,972 167,034 212,092 75,555 79,731 23,224 22,646 42,130 242,330 994,725 2,227,251 2 , 0 9 3 , 5 3 5 1,769,273 1,746,747 1,739,225 1,702,294 252,222 1,152,459 1,135,334 742,937 732,311 539,269 536,094 322,636 510,426 60,521 79,362 33,904 43,291 45,570 509,72b 1,470 496,233 1,419 127,154 3,621 194,335 4,66s 92,722 450 92,225 1,150 2,411 22,239 2,710 72,512 263,325 530,731 259,967 502,696 is,054 72,221 12,SSI 73,766 12,322 53,274 19,214 56,29s 12.0 12.2 17-4 12.0 17.5 14-4 14,2 312,949 305,029 262,732 206,926 320,364 12,477 30,022 293,262 226,359 44,294 119,167 267,SSI 119,469 246,672 20.1 20.2 17.2
@FedFRASER