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• ~ 1 / Released for p u b l i c a t i o n «• Monday morning, Jan* 3> not earlier. STATU" ilTITT FOR # E JPRESS , f * S t . 1697 Federal Eeserve Board, December 31, 1920. CONDITION OF MEMBER BANJOS IF LEADING CITIES Reduction by 62,? m i l l i o n s in : e t o t a l holdings of Treasury c e r t i f i c a t e s , e v i dencing the gradual absorption of these s e c u r i t i e s by the i n v e s t i n g public, and further l i q u i d a t i o n of commercial loans and d i s c o u n t s , together with s u b s t a n t i a l withdrawals of Government and other demand d e p o s i t s and increased borrowings fran the Fede r a l Reserve Banksf are indicated i n the Federal Reserve Board's weekly consolidated statement of c o n d i t i o n on December 24 of 824 member banks i n leadin? c i t i e s • > As a g a i n s t t h e a b o v e m e n t i o n e d s u b s t a n t i a l d e c r e a s e i n T r e a s u r y c e r t i f i c a t e s , United States bond holdings show an increase for the week of about 12 m i l l i o n s and those of Victory notes an increase of 4 , 2 m i l l i o n s . Loans supported by corporate s e c u r i t i e s increased by about 23 m i l l i o n s , while loans secured by Government obligati o n s d e c l i n e d by 13 «2 m i l l i o n s and other loans and investments, composed l a r g e l y of commercial loans and discounts, - by 71.2 m i l l i o n s . . In consequence of these changes t o t a l loans and investments of r e p o r t i n g banks are shown 107 *9 m i l l i o n s l e s s than the week b e f o r e . For the member banks in New York City there i s shown a reduction of 35*7 m i l l i o n s i n T r e a s u r y c e r t i f i c a t e s a s a g a i n s t an i n c r e a s e of over 5 m i l l i o n s i n zillions other United S t a t e s s e c u r i t i e s , an increase of 1 6 . 9 / i n loans secured by corporate sec u r i t i e s and reductions of 7 .1 m i l l i o n s in loans secured by Government o b l i g a t i o n s and of 29 m i l l i o n s in other loans and investments. Total loans and investments of the New York member banks show a reduction of 50 »1 m i l l i o n s for the week • Accommodation of reporting banks at the Federal Reserve Banks shows an increase for the week from 2,032 to 2 , 1 7 6 . 9 m i l l i o n s , or from 12.1 to over 13 per cent of the banks1 t o t a l loans and investments. For the New York City banks an increase in acctm- modation at the l o c a l Federal Reserve Bank from about 753 to 810,7 m i l l i o n s and an increase in the r a t i o of accommodation frcm 13 «4 t o l 4 ,6 per cent are noted. A l l c l a s s e s of deposits show smaller f i g u r e s than the week before: Government d e p o s i t s - by about 56 m i l l i o n s , other demand d e p o s i t s (net) - by l 6 o . 9 m i l l i o n s , and time d e p o s i t s - by 1 . 6 m i l l i o n s . For the New York City banks reductions of about 30 m i l l i o n s in Government d e p o s i t s and of $2*7 m i l l i o n s i n other demand d e p o s i t s , as against an increase of 2 . S m i l l i o n s in-time d e p o s i t s , are shown. Reserve balances show an increase of 3 6 . 6 m i l l i o n s for a l l reporting member banks and an increase of l 4 . 6 m i l l i o n s f o r the New York members« Cash i n v a u l t , as the r e s u l t of large p r e - h o l i d a y demands for cash, shows a reduction of over 25 m i l l i o n s , a l l outside of New York City, notwithstanding the large amounts of Federal Re http://fraser.stlouisfed.org/ serve notes drawn Federal Reserve Bank of St. Louis during the week from the Reserve Banks. i 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 3, 1 9 2 1 ; 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 t h o u s a n d s of d o l l a r s ) Dec. 24, 1920 Dec. 1 7 , 1920 824 824 Number of r e p o r t i n g b a n k s - - - - - - - - - - - - - - - - - - - - - - - - - Dec. 2 6 , 1 9 1 9 797 269,4)4 269,783 269,113 634,342 622,071 609,332 632,776 - - 502,093 197,853 198,690 237,997 - - - - - - - - - - - - - - - - - - - - - 310,821 373,486 483.124 789.882 - - - - - - - - - - - - - - - - - - - - - - - - - - 1,416,388 1,462,844 1,560,929 1,929,768 887,989 3,126,572 ll.264.376 901,217 3,103,600 11.335.565 1,026,011 3,107,025 11,238.483 1,329,974 3,300,373 9.960.440 16,695,325 16,803,226 16,932,448 16,520,555 1,333,808 1,297,231 1,393,709 1,347,175 381,191 358,060 429,712 10,653,558 10,814,454 11,347,041 11,174,249 2,788,649 2,790,197 2,691,880 2,302,344 344,013 399,96s 262,861 580,452 644,791 635,485 6,696 4,289 707,213 1,111 926,921 6,682 252,895 1,272,455 252,284 1 , 1 3 9 ,921 289,134 948,519 309,590 12.2 12,5 — - - - - - - - - - - - - - - - O t h e r U . S . "bonds, i n c l u d i n g L i b e r t y b o n d 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 J u n e 25, 1920 814 269,132 TJ« S, b o n d s t o s e c u r e c i r c u l a t i o n - - - - - U, S . V i c t o r y n o t e s - - - St.1697a. - - - - - - - - - - - - - - - - Loans and investments, 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.S.Bank: L o a n s s e c u r e d by U, S , war o b l i g a t i o n s - - - - - - - - - - - - L o a n s s e c u r e d by s t o c k s a n d oonds o t h e r than U , S , s e c u r i t i e s - - - - - - - - - - - - - - T o t a l l o a n 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 s r e d i s c o u n t e d w i t h F.R.Bank - - - 356,110 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 Bank: B i l l s r e d i s c o u n t e d »vith F e d e r a l R e s e r v e Bank: 590,014 R a t i o of U . S , war s e c u r i t i e s and war l o a n p a p e r t o t o t a l l o a n s a n d i n v e s t m e n t s , 13.7 18.1 a e s s 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 3 , 19£1; n o t e a r l i e r . t>t. l o 9 , b . PftlNCIPiiL r e s o u r c e a:td l i a b i l i t y i t e m s o f a l l r e p o r t i n g member b a n k s i n e a c h f e d e r a l r e s e r v e d i s t r i c t a t c l o s e o f BUSINESS D E C K E R 24, 1 9 2 0 . (Amounts i n t h o u s a n d s of d o l l a r s ) : Tsde^al Reserve d i s t r i c t B o s t o n New York P h i l a . C l e v e l . Richm. A t l a n t a C h i c a g o S t . L o u i s Minn. K a n s . C y - D a l l a s San F r a n . Toi>al 48 114 59 93 80 46 108 35 38 83 51 69 824 1 s e m r e ''•tSH™,,,., 12,711 46,791 11,347 42,515 =9.118 14,630 21,54s 15,921 7,571 14.751 19,581 32,648 269,132 %% %•$. JSS 88 t s IS Kg 'iS W I S MS 8$ 885 S:K ggi &S ,i:% »:S •£.£ »:% A3? -i:S ,.S:5 Loans and i n v e s t m e n t s i n c l u d ing b i l l s rediscounted with 1:114!;! 1:1 l:Sn3:i':| v Total loans & investments including rediscounts w i t h F . R . Bank 1 ,115,866 6,271,013 920,46s 1,535,329 6lO,o93 Reserve b a l a n c e with F.R.Bank Cash i n v a u l t 545,385 2,454,312 576,754 353,591 655,123 348,176 1,308,615 16,695,325 76,866 636,255 67,317 97,684 34,877 28,538 177,104 42,911 20,973 49,554 23,600 78,129 1,333,808 26,27s 122,296 19,196 31,819 16,919 12,841 61,089 8,229 8,245 13,728 11,301 24,169 356,110 N e t demand d e p o s i t s 748,775 4,824;946 652,179 881,283 323,293 234,538 1 , 2 6 7 , 6 4 2 306,595 185,564 393,146 213,958 Tims d e p o s i t s 156,284 422,771 36,516 383,291 109,377 148,197 Government d e p o s i t s 28,050 171,957 27,195 44,949 8,137 3,220 B i l l s payable with F.R.Sank: S e c . b y U . S . war o b l i g . All o t h e r 32,057 302,349 46,682 39,760 36 30,561 B i l l s r e d i s c o u n t e d w i t h F„R.Barik: vSec. b y U . S . w a r o b l i g . 18,l6l m other 92,013 123,176 450,506 38,578 32,114 11,572 53,l6l 3,489 43.589 621,639 1 0 , 6 5 3 , 5 5 8 643,114 130,239 70,411 99,597 57,776 531,076 2,788,649 28,034 8,802 4,567 5,184 1,794 12,124 344,013 30,562 57 69,738 4,560 23,557 5,319 1,243 21,161 670 12,992 30,053 130 644,791 6,696 10,365 68,821 21,435 264,754 7,635 47,291 2,230 48,231 2,075 7,725 ' 25,037 7i,H9 6,454 75,819 252,895 1,272,455 R e l e a s e d f o r p n o i l c a t i o n Monday m o r n i n g , J a n u a r y 3 , 1 9 2 1 ; n o t e a r l i e r , St.lbQ'cPRINCIPAL RESOURCE AMD LIABILITY ITEMS OF REPORTING MEMBER BAMCS IN F . R . BANK AND BRANCH CITIES AND ALL OTHER REPORT': 3 (Amounts i n t h o u s a n d s of d o l l a r s ) , A l l F . R. F . R. A l l c; New York C i t y C i t y 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 oanks D e c . 24Dec. 17 Dec. 24 Dec. 17 Dec. 24 Dec. 17 Dec. 24 Dec. 17 D e c . 24 Dec, 17 Number of r e p o r t i n g b a n k s 72 72 51 51 28? 287 209 209 328 _)2S U. S. bonds to secure c i r c u l a t i o n 38,099 38,099 1,438 1,438 96,372 96,572 72,395 72,433 100,3°5 100,429 O t h e r U . S . b o n d s , i n c l u d i n g L i b e r t y b o n d s 219,700 216,256 20,214 18,291 3%,478 3&3.004 161,369 156,899 123,495 122,168 u . s . Victory notes 81,305 79.587 12,999 12,910 119,353 113,982 48,430 49,617 34,310 34,254 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 148.900 184.554 11.095 11.721 211.190 265.865 59.824 64,898 39,807 42,72) Total u . s . s e c u r i t i e s 488,004 518,496 45,746 44,360 776,393 819,423 3-42,018 343,847 297,977 299,574 L o a n 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 s r e a i s c o u n t e d with F.R.Bank: ' Loans s e c u r e d by U.S.war o b l i g a t i o n s 393,187 400,33*+ bl,814 65,595 660,826 670,566 132,699 135,897 94,464 94,754 L o a n s s e c u r e d by s t o c k s a n d b o n d s 1,177,291 l , l 6 0 , 3 5 2 338,987 336,284 2,222,150 2,196,670 491,233 491,657 413,2)2 415,273 All other l o a n s and investments 3.499.478 3.528.957 1.043.887 1.032.208 7.192.992 7.232.702 2.229.386 2,259,802 1,841,998 1,843,06l Total l o a n s and i n v e s t m e n t s i n c l u d . ... ' 0 r r i n g r e d i s c o u n t s w i t h F . R. Bank 5,557,960 5,608,139 1,490,434 1,478,447 10,852,361 10,919,361 3,195,323 3,231,203 2,647,0 1 - , 6 5 2 , 6 6 2 R e s e r v e b a l a n c e w i t h F . R . Bank 596,035 581,400 125,750 119,309 980,962 950,6l6 204,950 197,172 1^7,896 149,443 cash in vault 108,869 108,767 36,753 37,231 211,826 221,716 65,853 75,662 78,431 83,813 4,352,152 4,404,852 886,160 895,199 7,481,342 7,590,048 1,670,625 1,693,726 Net demand d e p o s i t s 1,501,591 1,530,680 Time d e p o s i t s 282,652 279,913 304,036 303,93% 1,270,553 1,271,266 906,744 907,017 611,352 611,914 Government d e p o s i t s 167,575 197,64i l4,08i 17,566 267,535 31^,965 4-7,147 51,995 29,331 33,008 Bi SeL??dabyeu!s!hw^EtiiUations A l l Other 270,337 - 279,473 - 16,546 4,210 16,174 2,515 417,865 4,210 424,610 2,815 148,138 857 135,646 182 78,788 1,629 75,229 1,292 •< B i l l s r e d i s c o u n t e d w i t h F . R . B a n k : S e c u r e d by U . S . war o b l i g a t i o n s A l l Other 120,551 419,277 122,873 350,571 12,612 186,254 11,043 165,097 205,606 938,044 205,128 816,442 35,330 169,218 , 3^,324 168,358 11,959 165,193 12,832 155,121 .15*7 7«1 7*3 12.U 12.6 11.0 11.1 R a t i o of U . S . war s e c u r i t i e s a n d war l o a n paper to t o t a l l o a n s and investments, i n v eluding r e d i s c o u n t s w i t h F.R.Bk. ,per cent 1 5 . 2 12*8 12.7
@FedFRASER