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STATEMENT FOE THE PRESS 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 20; not e a r l i e r , St.3613 Federal keserve Board, J u l y 19, 1923« CONDITION OF MEMBER BANKS IN LEADING CITIES Aggregate r e d u c t i o n s of $127,000,000 i n l o a n s , d i s c o u n t s and investments, accompanied with a d e c r e a s e of $64,000,000 i n d e p o s i t s and of $79,000,000 i n accommod a t i o n a t the F e d e r a l r e s e r v e banks, a r e shown i n t h e Federal Reserve Board's weeklyconsolidated s t a t e m e n t of c o n d i t i o n on J u l y 11 of 773 member banks i n leading c i t i e s . Total l o a n s and d i s c o u n t s show) a r e d u c t i o n f o r the week of $9S,000,000.' Loans on c o r p o r a t e s e c u r i t i e s decreased by $Gl,000,000, l o a n s on Government s e c u r i t i e s by $16,000,000, and a l l o t h e r loans - by $21,000,000. Investments f o r t h e week show a t o t a l decrease of $29,000,000 - $18,000,000 i n U. S, s e c u r i t i e s and $11,000,000 i n h o l d i n g s of 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 and d i s c o u n t s and i n vestments of t h e New York City banks show a decrease of $56,000,000, Loans secured by c o r p o r a t e s e c u r i t i e s a s r e p o r t e d by t h e s e banks"decreased $52,000,000 and loans on Government o b l i g a t i o n s - $4,000,000, while a l l o t h e r loans i n c r e a s e d by $2,000,000, Holdings of W, S. s e c u r i t i e s show a decrease of $2,000,000, and h o l d i n g s of c o r p o r a t e s e c u r i t i e s a nominal d e c r e a s e . Government d e p o s i t s of r e p o r t i n g member banks show a r e d u c t i o n of $48,000,000, while net demand and time d e p o s i t s show a net r e d u c t i o n of $16,000,000. For the New York City banks r e d u c t i o n s of $16,000,000 i n Government d e p o s i t s and of $2,000,000 i n n e t demand and time d e p o s i t s a r e shown. Reserve b a l a n c e s of a l l r e p o r t i n g i n s t i t u t i o n s show a decrease of $17,000,000 and those of New York City members - a decrease of $11,000,000, Cash i n v a u l t i n creased by $22,000,000, t h e New York City members r e p o r t i n g an i n c r e a s e of $3,000,000 under t h i s head. 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 Federal r e s e r v e banks decreased from $644,000,000 t o $5$5,000,000, or from 3 . 9 to 3«4 p e r cent of t h e i r t o t a l loans and i n v e s t m e n t s . For member banks i n New York City a decrease from $188,000,000 to $156,000,000 i n borrowings from t h e r e s e r v e bank, or from 3*6 to 3»0 p e r cent i n the r a t i o of t h e s e borrowings to t o t a l loans and investments, i s noted. Following i s a statement of changes i n the 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 banks, a s compared w i t h a week and a year ago; 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 by stocks and bonds . , . . All o t h e r , I n c r e a s e . or Decrease In m i l l i o n s of d o l l a r s si nee July 3 , 192} July 12, 1< + 1,014 — 92 16 30 + 6l 282 + 21 762 Investments, total U, S. bonds Treasury n o t e s Treasury c e r t i f i c a t e s . . . . . . . Other s t o c k s and bonds . . . . . . Reserve b a l a n c e s with F. R. Banks . . Cash i n v a u l t . , Government deposits . . . . . . . . . 29 3 6 15 11 + - + + 14 9 + + + 69 82 485 + 423 - Total accommodation a t F. R. Banks - 79 W. • - _ 48 28 44 + - 272 l6l 388 137 140 17 22 Net demand d e p o s i t s Time d e p o s i t s - + + + 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 20, 19 2 3; not e a r l i e r . St*36lj>a PRINCIPAL RESOURCE AND LIABILITY ITEMS OF REPORTING MEMBER BANKS IN LEADING CITIES ( I n thousands of d o l l a r s ) J u l y 11, 1923 773 Number of r e p o r t i n g banks - - - - - - - - - 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 ) All 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 s c o u n t s U. S. L i b e r t y bonds - - U. S. Treasury bonds - - - - - - - - - - - - - - - - - - Other bonds, s t o c k s and s e c u r i t i e s - - - Total l o a n s and d i s c o u n t s and investments Reserve b a l a n c e w i t h F. R. Banks - - - - 257,216 3,879,577 7,814,660 11,852,865 11,951,453 _ _ _ _ _ - - - - - - - - - - - - - - Ratio 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 with F. R. Banks to 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 cent - w. 781 304,307' 3,786,621 7,406,905 11,497,833 280,359 278,974) 1,058,329 1,082,118) 95,256 129,267) J u l y 12, 1 794 270,993 3,536,754 7,031,414 10,839,161 1,276,041 *806,509 *554,743 113,350 127,662 196,953 250,129 2,151,059 2,162,371 2,193,683 2,290,911 16,497,216 16,624,6o4 16,185,337 15,210,985 1,423,879 1,441,086 1,473,072 1,438,146 285,248 317,412 298,115 11,252,915 11,595,702 11,199,139 4,011,974 3,715,326 3,482,541 227,106 185,941 110,070 309,834 364,222 279,950 195,150 94,146 74,731 67,151 3.4 3.9 1.8 .9 - - - - B i l l s payable and r e d i s c o u n t s with Federal Reserve Banks: Secured by U. S. Govt, o b l i g a t i o n s Jan. 10, 1923 949,174 Net demand d e p o s i t s - - - Government d e p o s i t s - - - 773 24i,4i3 3,818,321 7,793,131 - - - - - - - - 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 - - - J u l y 3 , 1923 ^Includes Victory notes. Released for publication Friday afternoon, July 20, 1923; not e a r l i e r . -^g^b PRINCIPAL RESOURCE AND LIABILITY ITEMS OF ALL REPORTING MEMBER BANKS IN EACH FEDERAL RESERVE DISTRICT AT CLOSE OF BUSINESS, JULY 11, 1923 (In thousands of dollars) ' ' Federal Reserve D i s t r i c t Boston New York Phila. CIeve. Rich. Atlanta Chicago St. Louis Minn. Kans. Cy Dallas San Fran. Total Number of reporting banks 45 109 55 82 • J] 39 106 36 29 77 52 66 773 Loans and discounts, gross * Secured by U.S.Govt, oblig. 13,689 82,913 18,757 29,940 10,415 7,666 38,237 11,329 4,421 7,077 4,000 12,969 241,413 Secured by stocks and bonds 251,870 1,651,806 255,542 • 405,^56 119,764 63,932 5 8 2 , 4 n 137,001 42,192 78,430 50,578 179,339 3,818,321 All other loans & discounts 628,654 2,472,183 353,713 703,916 326,168 328,297 1,147,839 298,618 190,187 363,353 192,546 787,657 7,793,131 Total loans and discounts 894,213 4,206,902 628,012 1 ,139,312 456,347 399,895 1,768,487 446,948 236,800 448,860 247,124 979,965 11,852,865 U. S. Pre-war bonds 48,409 11,003 12,569 48,136 30,335 i 4 , 4 4 i 24,921 15.335 8,821 11,926 20,161 31,415 277,472 U, S, Liberty bonds 481,457 44,684 79,612 116,627 31,536 14,480 95,731 23,184 12,484 47,732 13,612 102,380 1,063,519 U. S. Treasury bonds 4,883 6,081 4,451 29,739 3,993 1,790 11,925 9,373 1,285 4,829 1,934 15,577 95,860 U. S. Treasury notes 27,583 515,887 57,742 56,461 12,228 7,349 131,719 27,366 29,089 21,343 16,498 39,826 943,091 U. S* C e r t i f i c a t e s of Indebtedness . 4,701 30,856 6,554 7,427 2,804 7,767 21,633 3,804 2,697 5,431 4,951 14,725 113,350 Other bonds, stocks and securities 169,038 728,701 185,483 285,883 51,908 39,186 356,176 87,875 28,878 59,210 148,945 2,151,059 9,776 Total loans and discounts and investments 1,192,599 6,041,951 937,471 1,659,927 589,609 484,908 2,410,592 613,885 320,054 599,331 314,056 1,332,833 16,497,216 Reserve balance with F.R.Bk. 84,822 647,801 70,260 114,247 33,873 32,570 204,458 39,832 20,075 48,669 21,590 105,682 1,423,879 Cash i n vault 20,365 88,847 16,525 33,523 14,697 11,557 60,611 8,464 7,186 12,807 9,450 23,038 307,070 Net demand deposits 815,241 4,781,053 696,145 933,200 330,290 275,176 1,523,220 351-.199 198,097 425,699 211,546 739,945 11,280,811 Time deposits 261,818 906,170 105,795 570,111 152,994 175,548 788,573 182,469 85,281 132,359 75,178 531,275 3,967,571 Governrient deposits 24,972 11,064 7,238 54,555 15,753 8,047 23,852 7,205 4,048 2,487 4,458 15,836 179,515 B i l l s payable and rediscounts with F. R, Bank: Secured by U-.S.Govt, oblig. 9,057 139.434 22,340 35,894 19,569 3 W 18,301 11,627 6,080 18,279 2,131" 23 648 309 8^4 All other 24,329 51,399 16,425 26,342 18,175 12,295 26,028 14,995 6,360 16,746 8,748 33^205 255^47 W. 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 20, 1923; not e a r l i e r . PRINCIPAL m o n u x AMD LIABILITY ITEMS OF REPORTING MB BANKS I F F . R. BANK AND BRANCH CITIES AND IN OTHEB SELECTED CITIES* 3 —'— — — ( I n thousands of d o l l a r s ) All F, R„ F. R. Other 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 J u l y 11 July 3 J u l y 11 July 3 J u l y 11 July 3 J u l y 11 July 3 J u l y 11 July 3 Number of r e p o r t i n g "banks 64 64 49 49 25S 25s 206 206 309 309 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 . 74,176 78,191 29,809 33,146 158,996 171,173 44,593 47,073 37,824 38,970 Secured by s t o c k s and bonds 1,475,506 1,527,466 441,192 430,860 2,752,060 583,262 581,326 422,999 484,586 All o t h e r l o a n s and d i s c o u n t s 2,153,350 2,150,863 673,486 676,323 4,315,376 Total l o a n s and d i s c o u n t s 3,703,062 3,756,520 1,144,487 1,140,329 7,726,432 U. S. Pre-war bonds 37,609 37,609 4,024 3,806 95,796 98,506 76,421 76,311 105,255 105,542 U. S. L i b e r t y bonds 413,820 404,280 38,311 37,855 643,204 634,055 254,033 258,041 166,282 166,233 U. S. Treasury bonds 20,048 20,872 4,870 5,037 47,641 49,070 26,489 24,373 21,730 21,813 U. S. Treasury n o t e s 477,619 486,433 81,533 80,746 706,789 710,105 151,585 154,190 84,717 84,879 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 27,903 30,541 6,644 6,878 54,703 64,714 41,068 37,455 21,192 21,880 Other bonds, s t o c k s , and s e c u r i t i e s 525,968 525,990 178,604 181,048 1,149,555 577,981 577,320 423,523 423,771 Total l o a n s and d i s c o u n t s and investments 5,206,029 5,262,245 1,458,473 1,^55,699 10,424,120 3,343,834 3,347,821 2,729,262 2 , 7 4 5 , 2 5 5 Reserve balance w i t h F, R. Sank 598,964 609,877 l4o,924 145,590 1,017,238 238,292 240,229 168,349 167,556 Cash i n v a u l t 73,007 69,783 32,836 31,180 157,276 147,726 64,895 61,964 84,899 75,558 Net demand d e p o s i t s 4,276,505 4,280,975 1,018,779 1,030,044 7,664,890 1,945,523 1,927,384 1,670,398 1,672,702 Time d e p o s i t s 632,468 629,742 375,043 373,038 1,955,577 1,160,935 1,157,062 851,059 850,089 Government d e p o s i t s 50,336 65,992 10,649 15,117 120,317 153,84s 40,907 49,991 18,291 23,267 B i l l s payable 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 . 114,161 142,541 9,784 15,899 195,970 233,507 86,413 73,138 40,726 44,302 All other 42,534 45,938 16,363 10,207 166,456 184,514 47,340 52,802 41,251 42,634 Ratio of b i l l s payable and r e d i s c o u n t s with F. R. Bank to t o t a l loans and investment s, p e r cent Digitized W. for FRASER 3.0 3.6 1.8 1.8 3.5 4,0 3.6 4.2 3.0 3.2
@FedFRASER