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STATEMENT F6B VHE PRESS
Released for publication
Monday morning, July 26,
1920; not earlier,
St.1312
Federal Reserve Board
July 24", 1920
CONDITION OF MEMBER BANKS IN LEADING CITIES,
Substantial additions to Government and other demand deposits, together with increases in Treasury c e r t i f i c a t e holdings, following the issue on July 15 of over 200
millions of loan and tax c e r t i f i c a t e s , and material reductions of borrowings from the
Federal Reserve Banks are indicated in the Federal Reserve Board's weekly statement
of condition on July 16 of 813 member banks in leading c i t i e s ,
Holdiiigs of United States bonds and Victory notes Show but slight changes, wfoile
those of Treasury c e r t i f i c a t e s -show an increase of 73.7 millions', of Which 53,9 millions represents the addition to the total held by the New York City member banks,
Loans secured by Government war obligations declined' about 12 millions, the New York
banks reporting a slightly larger reduction.
Loans secured by corporate stocks-and
bonds f e l l off 33.3 millions, one-half of Which represents the decrease at the New
York City banks. As against these decreases, oth® loans and investments, largely
commercial loans and discounts, show an increase of about 52 millions", nearly all in
New York City.
Total loans and investments show an imrease for the week of 76,4
millions (71»7 millions in New York City),
Apparently in connection with the takings of newly issued Treasury certificates,
the Government deposit accounts of the reporting banks diow an aggregate increase of
77*5 millions, of which 57>2 millions represents the combined' increase dt the New York
City banks, Other demand deposits (net) show an increase of S7.7 millions, largely
outside of New York City.
Time deposits f e l l off 5»4 millions.
Accommodation of
reporting banks at the Federal Reserve Banks, as dbown on the books of the latter,
decreased from 2,051*1 to 1,9S9»8 millions, of vhich nearly one—half was paper
secured by United States war obligations.
Accommodation of the New York City members
M the Federal Reserve Bank shows a reduction from 705.4 to 626,1 millions.
The ratio
of accommodation at the Federal Reserve Banks to total loans and investments shows a
decline from 12.1 to 11,7 per cent for a l l reporting banks, and from 12,5 to 12,0 per
tsent for the New York City banks,
,
,
Reserve balances (all with the Federal Reserve Banks) increased by 18,8 millions,
while cash in vault, largely Federal Reserve notes, shows a reduction of 26,4 millions,
Reserve balances of the New York City members show an increase of about l4 millions,
while their cash holdings declined 8*9 millions.
Released for publication Monday morning, July 26, 1920; not e a r l i e r .
PRINCIPAL RESOURCE AND LIABILITY ITH/LS OF REPORTING MEMBER BANKS IN LEADING CITIES
(Amounts in thousands of dollars)
July 16,1920
July 9, 1920
814
813
U. S. Certificates of indebtedness - - - - -
Loans and investments, including b i l l s rediscounted with F. R. Bank;
Loans secured by U. S. war obligations
_
Loans secured by stocks and bonds other than U. S. securities
Total loans and invesWants, including bills rediscounted with F. R, Bank: Reserve balance with F. R. Bank - —
St.1312a
Jan. 16,1920
803
July 18, 1919
769
268,526
270,778
268,755
269,001
608,13?
608,520
622,646
650,083
194,366
195,897
226,064
368,189
472,705
398,951
815,851
930,124
1,543,734
1,474,146
1,933,316
2,217,397
1,000,310
3,046,533
11,387,042
1,012,301
3,079-, 793
11,334,999
1,269,359
3,370,053)
10,131,550)
16,977,619
16,901,239
16,704,278
14,840,145
1,421,524
1,402,700
1,473,974
1,300,919
367,575
394,048
377,307
364,823
11,549,140
11,461,439
11,740,416
10,716,098
2,693,632
2,698,969
@,466,279
1,766,815
121,561
44,104
423,121
412,925
719,748
1,599
733,845
2,531
264,329
1,004,187
276,787
1,038,024
13.4
13.1
(a)1,382,145
(a)10,890,625
Bills payable with Federal Reserve Bank:
B i l l s rediscounted w i t h F e d e r a l Reserve Bank:
1Ratio
of U. S. war securities and war loan paper to total loans and investments, including rediscounts with F, R. Bank, per cent - - - - - - - - - -
1.068,817
(a)Exclusive of rediscounts
with F. R.
'* b
Banks,
Be leased for publication Monday morning, July 2b, 2.920, not e a r l i e r .
St. 1312b
PRINCIPAL RESOURCE AND LIABILITY ITE2/IS OF ALL REPORTING MEMBER BANKS IN EACH FEDERAL. RESERVE DISTRICT AT CLOSE OF BUSINESS JULY lb, 1920.
itederal Reserve District
Number reporting hanks
U#S. bonds to secure circulation
Boston New York Phila.
46
• ll4
56
, .
12,5U
U6,6|8 11,3^7
Other U# S* bonds i n c l u d i n g
Liberty bonds
U. S. Victory notes
• U 'indebtednfss a t e s ° f
Total U, s . securities
(.Amounts i n thousands of dollars')
Clevel. Ricbm. Atlanta
92
82
4?
v
42 >13
28,300 14,235
13,34?
7,36o
251,802 29,359
82,778 8,863
60,210 33,998 28,309
19,326 7,666 4,228
. 25.420
58,438
26o,738 27.613
64l,976 77,182
25.270 12,763 8,915
147,219 82,727 55,687
Chicago St.Louis Minn. Kans.Cy* Dallas San Fran. Total
107
35
35
S3
48
68
813
,
21,550 16,925 7,321 15,358 19,573
32,535
268,526
,
60,898 13,250
39,754 2,781
9,480 23,26? 21,002
1,351 4,521 3,537
59,753 6,1)7 ) J 2 1 10,4#
4j24
181,955 39,093 21,473 53,602 48,836
,
63,215
12,201
,
608,137
194,366
27,595
472,705
135,546 1,543,734
Loans and investments including bills rediscounted with
BE = ~EuE SS af M if ## 11 • f 8 #1 il JM ii M 111
Total loans & investments
MthF1."!.rSmkCOmtS
1,096,298 6,459,912 948,181 1,484,798 608,472 557,218 2,536,§18 607,621 359,451 673,933 343,053 1,302,164 16,977,619
Reserve balance with F.R.Bank
83,351
693,380 67,502
98,466 35,955 31,107
Cash in vault
24,827
122,016 15,914
34,103
17,061 12, 701
191,704 39,630 21,099 46,147 25,601
67,204
9,456
9,975 13,815 11,320
87,582 1,421,524
29,183
367,575
Net demand deposits
839,594 5,247,798 672,455
909,495 342,856 270,605 1,430,410 3 21,327 215,496 425,677 230,827
642,600 11,549,140
Time deposits
139,048
365,339 105,244 151,184
517,882 2,693,632
Government deposits
B 1
S=!,^hoU&tiSX
All other
1 Bills rediscounted with
7,958
422,049 33,332
79,121
6,551
7,197
1,006
1,827
1
20,057
-
356,962 5k,918
-
J8,5rt 36,14% 32,115
3b
100
f29
Sec.'by'u.S.war obligations
i l l Other
20, l4g
54,255
129,875 4g,769
252,574 37,661
l4,862 5,291 6,036
42,33a 3%082 50,333
625,544 124,596 63,274 96,674 49,466
4,719
3,308
91,830 21,035
!('+
138
5,813
508
3,415
121,561
3,278 26,873 l U > 3
450
25
-
23,0kg
719,A*
x
» 2.7?
15,039 11,368 2,256 6,106 1,721
262,367 67,247 49,104 57,870 19,792
2,857
264,329
66,570 1,004,187
Released for publication Monday morning, July 26, 1920; not e a r l i e r .
• ,
St.1312c
PRINCIPAL RESOURCE AND LIABILITY ITEMS OF REPORTING MEMBER BANKS IN F . R. BANK AND BRANCH CITIES AND ALL OTHER REPORTING- BANKS!
(Amounts i n thousands of d o l l a r s )
Number of reporting banks
^ s e c i ^® ? i r c ^ t i ° n v
Other U.S.bonds,including Liberty bonds
!• ^ ! i c ! 0 7 n ! t e % . , u ,
u s - Certificates of indebtedness
S e l l i n g Mils
New York City
City of Chicago
JtLly 1 6
July 9
July 16 July 9
72
7 2 - 9 0
50
36,961
36,961
1,438
1,1+38
218,825 220,629
23,838'
22,923
73,310
73,533
12,366
12,292
243,490 189,597
22,034
19,777
All F. R.
IP.
Bank c i t i e s
Branch
July l6
July 9
July l6
278
279
198
96,717
98,638
71,437
342,087
344,588 143,835
103,869
103,807
51,629
339,554
270,455
83,637
572,586
882^27
520,720
^
5
5
^
817,to
350.538
R.
All other
cities
reporting banks
July 9
July 16 July 9
198 " 337
337
71,866 100,372 100,274
143,097 122,215 120 835
52,224
38,868
39,866
80,890
49,514
(7,606
3*8,077
310,969
308.5S1
rediscounts! with F.R-Bsnk:
Loans seemed by U.S.war obligations
454,427 466,685
75,885
73,125
757,753
772,186 140,852 136,622 101,705 103,493
Loans secured by stocks and bonds
• 1,134,789 1,151,534 341,253 344,589 2,147,083 2,178,101 480,340 480,011 419,110 421,681
All other loans and investments
3,573,379 3,524,610 1,06S,504 1,076,885 7,330,259 7,271,495 2,182,700 2,174,878 1,874,083
1,888,626
Total loans - ana investments incluaing
—
^
—-—1—^—
*
rediscounts with F. R- Bank
5,735,181 5,663,549 1,545,318 1,551,029 11,117,322 11,039,270 3,154,430 3,139,588 2,705,867 2,722,381
Reserve balance with F. R. Bank
646,808
632,818
132,675
Cash in vault
107,471
Ii6,4l4
36,391
4,726,330 4,718,959
971,343
961,607 8,082,309 8,043,150 1,769,825 1,738,155 1,697,006 1,680,134
284,413 1,221,325 1,229,360
Net demand deposits
Time deposits
Government deposits
Bills payable with F. R. Bank:
Secured by U.S. war obligations
All other
Bills rediscomted with F. R. Bank:
Secured by U. S. war obligations
All other
*
300,592
282,900
77,605
20,44o
2,788
^
320,011
124,102
,241,973
.Ratio of U.S.war securities and war loan
paper to total loans and investments,ineluding rediscounts with F.R.Ek.,percent
-
299,905
17.3
137,938 1,046,304 1,036,771
39,868
2,590
207,831
105,519
226,474
33,904
208,106
205,523
167,114
160,406
73,005
76,704
86,739
90,870
878,849
876,247
593,458
593,362
9,967
6,645
6,075
3,555
89,381
760
94,062
1*425
33,095
-
32,911
600
481,316
486,771
600
149,051
839
' '
153,012
506
126,927
9,127
258,229 , 194,695
9,340
206,785
219,541
733,114
232,149
761,443
30,709
139,374
29,652
139,306
14,079
131,699
14 986
137*275
'
13.1
11.5
11.5
320,205
-
l6-8
8-7
8.3
13.9
13.5
13.3
@FedFRASER