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STATEMENT FOR THE ^RESS Released f o r p u b l i c a t i o n F r i d a y a f t e r n o o n , J u l y 13; not e a r l i e r , St,3601 F e d e r a l Reserve B o a r d , J u l y 12, 1923'* CONDITION OF MEMBER BANKS IN LEADING CITIES A f u r t h e r i n c r e a s e of o v e r $100,000,000 i n l o a n s , as a g a i n s t a d e c r e a s e of $19,000,000 i n i n v e s t m e n t s , accompanied by i n c r e a s e s of $132,000,000 i n d e p o s i t s and of $153,000,000 i n accommodation a t t h e F e d e r a l r e s e r v e b a n k s , i s shown i n the F e d e r a l Reserve Board* s weekly c o n s o l i d a t e d s t a t e m e n t of c o n d i t i o n on J u l y 3 ° f 773 member b a n k s i n l e a d i n g c i t i e s . All c l a s s e s of l o a n s show l a r g e r f i g u r e s t h a n t h e week b e f o r e ! l o a n s a g a i n s t Government o b l i g a t i o n s - by $ 6 , 0 0 0 , 0 0 0 , l o a n s a g a i n s t o t h e r s e c u r i t i e s ~ by $73*000,000, and a l l o t h e r , l a r g e l y commercial, l o a n s - by $ 2 2 , 0 0 0 , 0 0 0 , I n v e s t m e n t s i n Government s e c u r i t i e s show a n e t d e c r e a s e f o r the week of $23*000,000, w h i l e o t h e r s e c u r i t y i n v e s t m e n t s show an advance of $4,000,000, Corresponding c h a n g e s for. the New York C i t y member banks comprise an i n c r e a s e of $80*000,000 i n l o a n s , of whiv . . $64,000,000 r e p r e s e n t s an i n c r e a s e i n l o a n s a g a i n s t s t o c k s and bonds, an i n c r e a s e of about $ 2 , 0 0 0 , 0 0 0 i n Government s e c u r i t i e s ana a nominal d e c r e a s e i n o t h e r i n v e s t ments, As a r e s u l t of t h e s e c h a n g e s , t o t a l l o a n s and i n v e s t m e n t s of a l l r e p o r t i n g b a n k s , a s w e l l a s of New York C i t y members, Here a b o u t $82,000,000 l a r g e r t h a n on t h e p r e v i o u s Wednesday. Borrowings of t h e r e p o r t i n g i n s t i t u t i o n s from t h e F e d e r a l r e s e r v e banks i n c r e a s e d from $491,000,000 to $ 6 4 4 , 0 0 0 , 0 0 0 , or from } to 3«9 F e r c e n t ° f t h e i r combine l o a n s and i n v e s t m e n t s , For member b a n k s i n New York C i t y an i n c r e a s e from *92,0*;",00 t o $188,000,000 i n b o r r o w i n g s from t h e l o c a l r e s e r v e bank and from 1*8 to 3*6 p e r c e n t i n the r a t i o of t h e s e b o r r o w i n g s to t o t a l l o a n s and i n v e s t m e n t s i s n o t e d * /, 3 a s a i n s t n e t w i t h d r a w a l s of $29,000,000 uf G o v e r n ant vits^tne reporting * banks 3l>o;v i n c r e a s e s of $1^9,000,000 i n n e t demand d e p o s i t s aiu o, *1l.,00^,100 tim3 d e p o s i t s . For the New York City b a n k s r e d u c t i o n s ci $3 0 , 0 ^ 0 , 0 0 0 i n ,vl deposit.--, and of $ 1 ' O C O i n t i m e d e p o s i t s , a s agc-in3v . n o r s a j e -• •> *5 » n e t demand d e p o s i t s a r e shown. In k e e p i n g w i t h the s u b s t a n t i a s i n c r e a s e s in n e t r. o j p o s i t a 3/id i n berrowi n g s from the r e s e r v e b a n k s , r e s e r v e b a l a n c e s of a l l reportj.;-.g v;<*"i u*:tions show an i n c r e a s e of $ 5 1 , 0 0 0 , 0 0 0 , and t h o s e of t h e New York C i t y members - an i n c r e a s e of $22,000,000. Cash i n v a u l t i n c r e a s e d by about $ 3 , 0 0 0 , 0 0 0 , t h e Hew York C i t y "banksrep o r t i n g an e q u a l amount of i n c r e a s e i n t h i s i t e m . F o l l o w i n g i s a s t a t e m e n t of changes i n t h e p r i n c i p a l a s s e t s and l i a b i l i t i e s of r e p o r t i n g member b a n k s , a s compared, w i t h a week and a y e a r a g o : Increase or Decrease I n m i l l i o n s of d o l l a r s since June 2 7 . 1921 J u l / 5, Loans and d i s c o u n t s - t o t a l , . Secured by U, S* Govt, o b l i g a t i o n s Secured b y s t o c k s and b o n d s , , -f 4- , * , , + + 101 6 73 22 + 19 IS 25 16 4 + + 51 3 — ,,29. 149 Investments, t o t a l Treasury notes , , . . . Treasury c e r t i f i c a t e s Reserve b a l a n c e s w i t h F. R, Banks ^ , . . , . Set: demand d e p o s i t s > , » . , % + + + + l ,112 29 + 328 + 813 + + + - - + - + 12 + 153 + 273 164 377 120 142 40 11 106 165 54I 43s R e l e a s e d f o r p u b l i c a t i o n F r i d a y a f t e r n o o n , J u l y 1 3 , 1923; n o t e a r l i e r . St.3601a PRINCIPAL RESOURCE AH) LIABILITY ITEMS OF REPORTING- MEMBER BANKS IN LEADING CITIES ( i n thousands of d o l l a r s ) J u l y 3 , 1923 Number o f r e p o r t i n g banks — — — • 773 Loans and d i s c o u n t s , g r o s s : Secured by U. S. Govt, o b l i g a t i o n s — - - - - - - - - - Secured by s t o c k s and bonds ( o t h e r t h a n 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 d i s c o u n t s - - - - - - - - - - Total l o a n s and d i sc.ounts - - - - - - - - - - - - U, S. Treasury bonds - - - - - - - U. S. Treasury n o t e s - - - - - - - - - Other bonds, s t o c k s and s e c u r i t i e s 257,216 - - 3,879,577 305,905 3,909,392 7,404,078 3,551,078 7,001,732 11,951,453 11,850,417 11,619,375 10,839,3%S 280,746 275,280) 1,039,727 1,083,886) 131,399) 286,538 1,269,883 96,557 - - - - - - - - - 949,174 973,848 *800,829 *571,742 143,352 209,857 248,102 2,162,371 2,158,134 2,232,072 2,310,430 16,624,604 16,542,781 16,352,698 15,239,505 1,441,086 1,390,388 1,457,931 l,4oo,669 282,040 326,250 296,25s 11,252,915 11,104,201 11,527,350 11,087,684 4,011,974 4,000,009 3,748,208 3,%70,56l 255,839 351,373 121,428 279,950 270,704 220,357 136,411 110,348 3.9 3-0 2.4 1.4 — - - - - - - - - - - - - - - - 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 d e r a l R e s e r v e Banks: Secured by U. S. Govt, o b l i g a t i o n s . - - - - - - - - - - - - - - All other - - - - - - - - - - - - - - - - - - - - - - - - - - - - 364,222 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. Banks t o 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 c e n t - - - - - - - - - - - - V 7,81%,660 250,827 3,806,394 7,793,196 95,256 Net demand d e p o s i t s - - - - - - - - - - - - - - - - - - - - - - - - w. 795 - - - - T o t a l l o a n s and d i s c o u n t s and i n v e s t m e n t s - - - - - - - - - - - - http://fraser.stlouisfed.org/ . V Federal Reserve Bank of St. Louis 783 - - - 774 - - - - R e s e r v e b a l a n c e w i t h F. R, Banks - ________________ Jan. 3 , 1923 J u l y 5 , 1922 June 2 7 , 1923 . 253,784 *Includes Victory notes. . 96,045 R e l e a s e d f o r p u b l i c a t i o n F r i d a y a f t e r n o o n , J u l y 1 3 . 19 2 3> n o i st,3601b earlier. PRINCIPAL RESOURCE AND LIABILITY ITEMS OF ALL BEPOBTING MEMBER BANKS IN EACH FEDERAL RESERVE DISTRICT AT CLOSE OF BUSINESS, JULY 3 , 1 9 2 3 , ( i n thousands of d o l l a r s ) Total Minn, Kans. Cy. D a l l a s San Fran. Phi l a . Cleve. Rich. A t l a n t a Chicago S t . L o u i s Boston New York Federal Reserve D i s t r i c t 45 Number o f r e p o r t i n g b a n k s Loans and d i s c o u n t s , g r o s s : Secured by U . S . G o v t , o b l i g . Secured by s t o c k s and b o n d s All other loans & discounts 109 55 13,476 8 7 , 3 1 5 19,460 2 5 5 , 7 3 1 1 , 7 0 5 , 4 8 2 255,648 625,787 2,468,222 358,051 82 77 31,378 10,805 419,218 119,488 39 7,845 63,150 106 36 29 77 52 4i,627 11,680 573,231 137,078 4,080 8,037 7,363 54,093 78,317 49,983 697,479 328,224 339,220 1 , 1 5 0 , 2 3 5 297,997 174,237 364,467 1 9 2 , 0 6 4 66 14,150 168,158 818,677 773 257,216 3,879,577 7,814,660 8 9 4 , 9 9 4 4 , 2 6 1 , 0 1 9 6 3 3 , 1 5 9 1 , 1 4 8 , 0 7 5 4 5 8 , 5 1 7 4 1 0 , 2 1 5 1 , 7 6 5 , 0 9 3 4 4 6 , 7 5 5 2 3 6 , 3 6 7 450,14/- 2 4 6 , 1 2 7 1 , 0 0 0 , 9 8 5 1 1 , 9 5 1 , 4 5 3 T o t a l l o a n s and d i s c o u n t s Ui Si Pre-war bonds 12,547 48,260 11,003 48,137 30,335 14,381 24,699 15,345 8,771 11,926 20,611 34,344 280,359 U. S. L i b e r t y bonds 79,301 471,701 44,754 117,319 31,551 14,477 94,916 23,720 12,591 47,240 15,607 105,152 1,058,329 Ui S. Treasury bonds 5,215 30,826 3,970 6,364 4,415 1,949 11,879 9,405 1,285 4,920 2,134 12,894 95,256 Ui S. Treasury n o t e s 27,313 524,904 57,699 57,312 10,552 7,394 131,735 25,061 29,278 21,380 16,855 39,691 949,174 5,696 33,563 7,051 9,000 2,474 9,324 22,125 6,945 2,696 6,099 6,446 16,243 127,662 729,575 184,513 285,747 51,608 38,943 358,074 88,916 29,523 59,466 9,235 157,693 2,162,371 Ui S. C e r t i f i c a t e s of Indebtedness Other bonds, s t o c k s and sec-uri t i e s T o t a l l o a n s and d i s c o u n t s and i n v e stment s 169,078 1 , 1 9 4 , 1 4 4 6 , 0 9 9 , 8 4 8 9 4 2 , 1 4 9 1 , 6 7 1 , 9 5 4 5 8 9 , 4 5 2 496,683 2 , 4 0 8 , 5 2 1 616,147 320,511 6 0 1 , 1 7 8 3 1 7 , 0 1 5 1 , 3 6 7 , 0 0 2 1 6 , 6 2 4 , 6 0 4 R e s e r v e b a l a n c e w i t h F, R. Bk. 85,551 662,834 70,990 114,246 35,989 34,994 209,469 36,383 21,416 47,657 23,766 97,791 l,44i,086 Cash i n v a u l t 18,295 85,152 14,996 30,578 13,177 9,953 57,078 8,564 5,615 11,357 8,967 21,516 285,248 N e t demand d e p o s i t s 812,548 4,797,904 687,456 Time d e p o s i t s 258,821 901,197 107,526 9 2 8 , 2 8 7 3 2 7 , 1 6 2 2 7 4 , 2 0 3 1 , 5 2 2 , 4 0 8 3 4 3 , 0 2 9 196,967 4 2 8 , 9 4 6 215,962 569,594 1 5 3 , 3 5 3 1 7 8 , 3 9 5 785,688 1 8 3 , 2 0 7 718,043 11,252,915 8 3 , 8 0 0 132,258 73,577 584,558 4,011,974 Governnent d e p o s i t s 29,227 71,752 19,210 14,595 8,951 10,404 31,290 10,029 4,983 2,642 5,245 18,778 227,106 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. Bank: Secured by U . S . G o v t , o b l i g . A l l other 6,477 27,445 173,911 54,650 27,020 21,438 39,721 31,316 18,458 4,054 17,796 30,566 13,612 23,896 6,29s 21,948 16,881 815 21,342 364,222 279,950 21,070 22,589 6,573 7,391 28,905 R e l e a s e d f o r p u b l i c a t i o n F r i d a y a f t e r n o o n , J u l y 1 3 , 1 9 2 ] : r.jt e a r l i e r . " *.3601c PRINCIPAL BESOUBCE AND LIABILITY ITEMS OF REPORTING MEIvlBER BANKS IN F. R. BANK AND BRANCH CITIES AND I S OTHER SELECTED CITIES __ ( i n thousands o f d o l l a r s ) _ _ _ _ _ _ _ _ Other selected cities New York C i t y C i t y of Chicago Branch c i t i e s Bank c i t i e s June 27 July 3 July 3 June 27 June 27 July 3 June 27 June 27 July 3 July 3 64 206 308 48 Number of r e p o r t i n g banks 206 309 49 65 259 259 Loans and d i s c o u n t s , g r o s s : 40,021 Secured by U. S. Govt, o b l i g . 46,631 75,191 38,970 73,942 33,146 164,175 29,883 171,173 47,073 4 8 4 , 5 8 6 4 79,800 1,527,466 1,463,692 Secured "by s t o c k s and bonds 4 4 0 , 2 7 b 430,860 581,326 2,813,665 2,746,601 579,993 A l l o t h e r l o a n s and d i s c o u n t s 2,150,863 2,138,638 685,922 4,828,960 4,814,941 1,588,119 1,584,727 1,397,581 1,393,528 676,323 T o t a l l o a n s and d i s c o u n t s 3,756,520 3,676,272 1,140,329 1,156,081 7,813,798 7,725,717 2,216,518 2,211,351 1,921,137 1,913,349 U. S. Pre-war bonds 37,609 37,609 3,806 4,003 98,506 98,723 76,311 76,291 105,5^2 105,732 ™TJ. S. L i b e r t y bonds 4o4,28Q 37,855 36,678 634,055 617,353 258,041 253,582 166,233 168,792 5,037 5,414 49,070 49,855 24,373 24,631 21,813 22,071 U. S. Treasury bonds 20,872 390,305 20,936 TJ. S. Treasury n o t e s 486,433 497,559 80,746 85,690 710,105 730,358 154,190 160,717 84,879 82,773 30,541 31,301 6,878 6,226 64,714 75,256 4i,o6S 43,200 21,880 24,896 525,990 526,120 181,048 171,844 l,l6l,280 1,156,084 577,320 577,982 423,771 424,068 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 0 t h e r b o n d s , s t o c k s , and s e c u r i t i e s T o t a l l o a n s and d i s c o u n t s and investments R e s e r v e b a l a n c e w i t h F, R. Bank 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 and r e d i s c o u n t s w i t h F. R. Bank: Secured by U. S. Govt, o b l i g . All other 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. R. Bank to total" l o a n s and investments, per cent 5,262,245 5,180,102 1 , 4 5 5 , 6 9 9 1 , 4 6 5 , 9 3 6 1 0 , 5 3 1 , 5 2 8 10,453,346 3,347,821 3 , 3 4 7 , 7 5 4 2,745,255 2,741,681 240,229 234,823 167,556 159,507 609,877 588,298 145,590 l4o,828 1,033,301 996,058 69,783 66,395 31,180 30,214 147,726 144,346 4,280,975 4,226,796 1,030,044 997,832 7,652,829 7,557,194 1 , 9 2 7 , 3 8 4 1 , 9 0 5 , 4 6 5 1,672,702 1,641,542 629,742 631,021 373,038 373,107 2,004,823 1,995,004 1,157,062 1,154,061 850,089 850,944 65,992 75,789 15,H7 16,907 153,848 175,027 49,991 54,262 23,267 26,550 142,541 70,316 21,817 15,899 10,207 22,329 16,615 233,507 154,340 135,803 86,413 52,802 71,752 47,586 44,302 184,514 44,612 36,968 4.0 2.8 45,938 3.6 1.8 1.8 2.7 61,964 4.2 59,729 3.6 75,55s 42,634 3.2 77,965 3.0
@FedFRASER