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STATEMENT FOR THE PRESS. st. 2913' Released f o r p u b l i c a t i o n Friday afternoon, July 21; not e a r l i e r . Federal Reserve Board July 20, 1922. CONDITION OF MMBEB BANKS IN LEADING CITIES. Aggregate reductions of $23,000,000 in investments and a nominal dec l i n e in t o t a l l o a n s and d i s c o u n t s , aa against increases of $109 >000,000 in net demand d e p o s i t s and of $37,000,000 in reserve balances, are shown in the Federal Reserve Board's weekly statement of condition on July 12 of 796 member banks i n l e a d i n g c i t i e s . Loans secured by Government o b l i g a t i o n s decreased by $16,000,000, and loans secured by corporate and other o b l i g a t i o n s - by §14,000,000, while other loans and d i s c o u n t s , l a r g e l y of a commercial character, show an increase f o r the week of $29,000,000. Changes i n investments include i n c r e a s e s of $2,000,000 i n Treasury c e r t i f i c a t e s and of $3,000,000 in U. S. bonds and Victory notes, and reductions of $18,000,000 i n Treasury notes and of $20,000,000 i n corporate s e c u r i t i e s . Leading changes during the week shown f o r member banks i n New York City include net l i q u i d a t i o n of $35»000,000 of loans secured by corporate o b l i g a t i o n s and of $7,000,000 of Treasury c e r t i f i c a t e s , as a g a i n s t an increase of $8,000,000 in other investments. Total loans and investments show decreases of $29,000,000 f o r a l l reporting i n s t i t u t i o n s and of $3*4,000,000 f o r the New York City banks. In addition to the s u b s t a n t i a l increase i n demand d e p o s i t s a further . gain of $6,000,000 in time d e p o s i t s i s shown as against a d e c l i n e of about $11,000,000 in Government d e p o s i t s . Since January % of the present year, demand d e p o s i t s of the reporting banks have gone up $781,000,000 and t h e i r time d e p o s i t s - $465,000,000, t h e i r investments have increased by $807,000,000, while t h e i r loans and discounts have d e c l i n e d by $367,000,000. P a r t l y i n connection w i t h the return flow to the banks of currency a f t e r the July 4 holiday,borrowings of the reporting i n s t i t u t i o n s from the Federal reserve banks show a decrep.se f o r the week from $206,000,000 to $142,000,000, or from 1 , 4 to 0 , 9 per cent oS "•. • t o t a l loans and investments. For the New York City banks a reduction from $77,000,000 to $47,000,.000 i n accommodation at the l o c a l reserve bank and from 1 , 5 to 0 - 9 per cent i n the r a t i o of accommodation i s noted. Reserve balances, i n keeping with the s u b s t a n t i a l increase in. d e p o s i t l i a b i l i t i e s of the reporting banks, show an increase of $37,000,000 while cash in vault shows a further increase f o r the week of $10,000,000. Member banks i n New York City report an increase of $41,000,000 i n reserve balances and of $3,000,000 i n cash on hand. Following i s a statement of changes i n the p r i n c i p a l a s s e t and l i a b i l i t y items, as 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 0 Secured by U. S, Government o b l i g a t i o n s Secured by stocks and bonds All other Increase or Decrease In m i l l i o n s of d o l l a r s since July 5. 1922 July 13. 1921 Dec, 897 Dec. 16 Dec. 3§7 Dec. 14 Inc. 551 jnc. 29 Dec. 1,081 Investments, t o t a l U. S. bonds Victory notes U. S. Treasury n o t e s Treasury c e r t i f i c a t e s Other stocks and bonds Dec. Inc. Inc. Dec. Inc. Dec. 28 6 2 18 2 20 Inc. 1,059 Inc. 414 Dec. .131 Inc. 435 Inc. 95 Inc. 246 Reserve balances w i t h F. R« Banks Cash in vault Inc. Inc. 37 10 Inc, Dec. Government d e p o s i t s Net demand d e p o s i t s Time d e p o s i t s Dec. 11 Inc. 109 Inc. 6 Total accommodation at F. R. Banks Dec. 64 191 31 • Dec. 168 Inc, 1,111 Inc. 573 Dec. 1,012 Released f o r p u b l i c a t i o n Friday afternoon, July 21, lg22; not e a r l i e r . PRINCIPAL RESOURCE AND LIABILITY ITEMS OF REPORTING- MEMBER BANKS IN LEADING CITIES(Amounts in thousands of d o l l a r s ) Number of r e p o r t i n g banks Loans and d i s c o u n t s , including b i l l s rediscounted w i t h F 5, 1922 R Bank*" ~ Si r # : : : : : = M u • 5 • bonds — „ , Q — — __ . U. S. Victory n o t e s w it T S ' s !T deposits S anl S 1SC0UntS T & l t l e S i n c l u d i n g b i l l s r e d i s ' d . w i t h F.R.Bk. - - - - . B i l l s rediscounted with Federal Reserve Bank; 2 ™ y - u : . . . " 7 "• : : : : : : : : Ratio of b i l l s payable and r edisc ounts w i t h F. R. Bank to t o t a l loans and investments, per cent 1,269,883 :: E 2.W0.4T0 15,239,505 • 15,210,985 ' • 5 ? » * * « > • 3.176,360 C ™ = n t deposits B i . . l s payaole w i t h Federal Reserve Bank; - July 13, 1921 ' 3,470,561 121,428 73,752 365 94.862 66,786 a -7 EE H 2.0q5.67, 14,681,336 2.04^474 15 o4g 359 . X 2 2,903,087 B 110.070 ,6 ™ 816 iSgS t 960,670 862,208 - 1,276,041 U£Z - luTthdeJy-U: *»» -s __ f . & _ _ _ _ _ _ _ Jan. 11, 1$22 808 ~ 3,019, 184 • i . % 110,164 >. 1.4 238.573 277,9 17 227,458 ' 310,849 1,13s ' to 30,773 924 c . n . 281,138 757,572 , 3.6 7.7 Released, f o r p u b l i c a t i o n Friday afternoon, PRINCIPAL RESOURCE AND LIABILITY ITEMS —-— —.—. —-—„ —— \^deral Reserve D i s t r i c t Boston Number of reporting banks >)9 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 rediscounted with Fw B, Bank: 1 Secured by u . s . G o v t ^ o b i i g 5,52p July 21, 1922; not e a r l i e r . St,2913b. OF ALL REPORTING- MEMBER BANKS IN EACH FEDERAL RESERVE DISTRICT AT CLOSE OF BUSINESS, JULY 12, 1Q22. (Amounts in thousands of d o l l a r s ) New York P h i l a . Clave. Rich. A t l a n t a Chicago St. Louis Minn. Kans.Cy. D a l l a s San F r a n . Total 10? 56 84 78 42 109 37 » 76 52 60 796 * ^ 46,215 :::::: %% aas « 55,956 703 27,451 726 118,472 3,955 25,715 2,233 26,317 256 55,125 1,329 34,548 600 112,406 7,654 1,276,041 39,096 27,487 4,229 1,722 49,451 ' 9,765 7,157 6,012 6,872 13,565 515,647 indebtedness 9,290 117,664 10,796 2,857 Other b o n d s , s t o c k s & s e c u r i t i e s 1%2%4 , 835,595 152,953 275,182 Total loans and d i s c o u n t s and .. investments, including b i l l s ' 3,256 54.718 6,789 33,298 29,536 401,294 9,366 81.4Q1 S.003 21.108 16,432 57,252 6,024 8,155 22,116 166.908 ' 250,129 2,290.911 '' ' 1 Total loans and d i s c o u n t s ,86,034 16,032 796,148 3,925,162 556,399 30,650 7,78) %% a 15,673 10,213 10,271 4,595 9 9 5 , 0 9 5 426,032 351,540 l , $ 6 3 , 1 5 9 411,206 232,990 4 2 4 , 5 9 5 233,357 U. S. bonds U- S- Victory n o t e s 90,552 1,630 526,376 9,503 54,467 145,323 8,523 ' 1,624 U. S. Treasury notes 8 - S. C e r t i f i c a t e s of 19,769 349,610 19,708 rediscounted with F.R.Bk. 12,021 15,977 270,993 263,448 10,239,161 • 1,085,663 5,523,910 832,846 1,456,62s 544,894 421,556 2,165,867 542,779 297,531 562,725 239,689 1,186,397 15,210,085 Reserve balance with F. R. Bank 83,6l4 707,154 65,757 ' 99,215 35,129 30,057 20.6,333 >4,Q21 20,3.10 45,795 23,684 86,142 1,438,146 Cash m v a u l t 20,056 96,669 15,687 29,803 14,084 10,010 5 ^ 3 6,841 14,643 12,553 9,258 21,617 \oS,lfy ^ net 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 payable with F.R.Bank: Secured by U . S . G o v t . o b i i g . A l l other 808,316 5,037,857 6 8 4 , 4 3 6 . 849,135 330,408 248,298 1,459,849 319,500 190,210 442,617 209,523 616,966 11,197^115 233,239 10,089 762,337 37,300 51,08b 490,64s 144,961 150,796 11.543 3,315 3,372 550i003 3^476,'360 9,015 110,070 1,554 - 46,705 - 8,658 3,178 165 73,752 . 365 89 528 55 10,705 8,355 4,729 97 / , . 979 7-675 3,724 5,095 200 145 11 97 3 12,797 5,496 3,053 679,276 162,397 .12,546 4,131 2,519 - 2,0)4 71,126 114,916 3,544 4,397 38 65,525 2,843 '• 72 B i l l s rediscounted with F.R.Bank: S e c u r e d b y U. S . G o v t . o b l i g . m 0th3r 7 4,0^ 1,555 ^ 1,660 2,099 1 0 3,6s4 8,609 66,706 Released f o r p u b l i c a t i o n Friday a f t e r n o o n , July 2 1 , 1922; not e a r l i e r PRINCIPAL RESOURCE AND LIABILITY ITEMS OF REPORTING MEMBER BANKS IN F . B„ BANK AND BRANCH ~ ~ ' 1 Number of r e p o r t i n g "banks Loans and d i s c o u n t s , including t i l l s r e j i i s ' d . with F, R. Bank*. S e c u r e d y U, S. Govt, o b l i g . SecuredTby stocks and bonds A l l other loans and discounts T o t a l - l o a n s and discounts U. S. bonds U. S. Victory notes U. S, Treasury notes U. S. C e r t i f i c a t e s of indebtedness Other bonds, s t o c k s , and s e c u r i t i e s Total loans and discounts and i n v e s t m e n t s , including b i l l s rediscounted with F. R„ Bank Reserve balance with F. R. Bank Cash i n v a u l t ' $ Net 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 payable with F. R. Bank: Secured by U. S. Gov't o b l i g a t i o n s A l l ethe? B i l l s rediscounted with F. R. Bank: -• by IT. S, Gov't o b l i g a t i o n s A l l other S&tio of b i l l s payable and rediscount: with F. R. Bank to t o t a l loans and investments, per cent —'——— (Ariounts i n thousands of d o l l a r s ) New York City July 12 July 5 66 66 75,941 79,691 1,506,097 1,54-0,776 1,940,920 1,936,949 City of Chicago J u l y 12 July 5 50 3G,032 50 36,179 CITIES AND IN OTffiTi A l l F . R, Bank c i t i e s J u l y 12 July 5. 273 273 176,539 183,632 3,522,958 3,557,416 1,653,150 1,035,541"' 7.187,09^7,193,964" 464,486 463,315 4g,4o8 50,657 733,991 731,541 8,288 8,079 3,466 2,86l 2|,281 24,998 336,821' 331,726 30,888 41,204 421,273 433,069 112,513 120,396 16,650 15,895 184,205 185.260 644,546 643,15k 179,369 186,714 1,273,913 1,283,152 5,089,612 5,124,086 657,029 616,194 22,531 79,866 4,539,501 4,502,739 555,821 34,818 547,052 43,330 50,110 522 3,506 38,695 1,332,872 9 , 8 2 7 . 7 6 1 9,851,984 146,549 140,24s 1,062,715 1,026,872 30,000 31,287 161,913 162,421 988,484 970,643 7,838,402 7,763,630 321,025 322,481 1,727,635 1,715,143 1,332,931 1-5 50,340 58,018 488,981 485,972 1,370,099 1.359,308 1,909,420 1,903,298 277,625 276,137 6,047 6,554 5,768 5,834 35*764 19,482 409,947 47,325 613,356 43,360 617,331 18,599 403,642 2,912,203 2,469,722 2,475,31s 216,927 216,541 158,504 157,256 58,644 59,805 85,612 74,032 1,772,531 1,753,532 1,586,182 1,570,522 2,913,502 1,008,533 1,008,556 740,192 746,862 23,458 9,119 10,083 165 15,914 184 ll,4oi 8,924 132 15,48? 16,445 165 58 18,034 99 19,033 87,887 21,738 1,565 4,240 57,438 200 70,024 4,863 729 33,265 919 74,686 .9 1-5 .7 44,888 437,027 1,260,171 1,742,643 1,742,086 264,425 262,205 34,645 79,213 4,824 1,263,267 65,523 9,746 !,236 44,n4 435,262 59,729 • 8,682. • 499 26,782 F. R. Branch c i t i e * July 12 ' July 5 210 210 2913 c. JIW-BS • -t: 1 -'O&bsr s e l e c t e d cities J u l y 12 J u l y f> 313 313 l.l 1.2
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