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STATEMENT IDE THE PRESS St 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 27 j not e a r l i e r . * F e d e r a l R e s e r v e Board, -July 2b, 1923- CONDITION OF MEMBER BANKS IN LEADING CITIES A f u r t h e r r e d u c t i o n of $ 9 1 , 0 0 0 , 0 0 0 i n l o a n s and i n v e s t m e n t s accompanied w i t h a d e c r e a s e of $ 1 1 8 , 0 0 0 , 0 0 0 i n n e t demand d e p o s i t s and of $ 3 8 , 0 0 0 , 0 0 0 i n accommodation a t t h e F e d e r a l r e s e r v e banks i s shown i n t h e F e d e r a l R e s e r v e B o a r d ' 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 IS of 772 member banks i n l e a d i n g c i t i e s . A l l c l a s s e s of l o a n s show s m a l l e r f i g u r e s t h a n f o r t h e p r e v i o u s week; l o a n s s e c u r e d by Government o b l i g a t i o n s - k y $ 3 , 0 0 0 , 0 0 0 , l o a n s on c o r p o r a t e s e c u r i t i e s by $ 7 7 , 0 0 0 , 0 0 0 , and a l l o t h e r , l a r g e l y c o m m e r c i a l , l o a n s - by $ 1 1 , 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 d e c l i n e d by $ 2 5 , 0 0 0 , 0 0 0 d u r i n g t h e week, $ 1 1 , 0 0 0 , 0 0 0 of w h i c h was i n T r e a s u r y n o t e s , $ 5 , 0 0 0 , 0 0 0 i n U. S . Bonds, and v 9 , 0 0 0 , 0 0 0 i n T r e a s u r y c e r t i f i c a t e s , H o l d i n g s of o t h e r s t o c k s and bonds i n c r e a s e d by $ 2 5 , 0 0 0 , 0 0 0 , 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 members show a r e d u c t i o n of $ 9 1 , 0 0 0 , 0 0 0 . C o r r e s p o n d i n g c h a n g e s f o r t h e New York C i t y member, banks c o m p r i s e a r e d u c t i o n of $ 6 4 , 0 0 0 , 0 0 0 i n l o a n s and d i s c o u n t s i of which $ 6 3 , 0 0 0 , 0 0 0 was i n l o a n s a g a i n s t s t o c k s and bonds, a l s o a d e d u c t i o n of $19,000,QUO i n U. S. s e c u r i t i e s and an i n c r e a s e oif $ 1 6 , 0 0 0 , 0 0 0 i n o t h e r i n v e s t m e n t s , These changes r e s u l t e d i n a n e t r e d u c t i o n of $ 6 7 , 0 0 0 , 0 0 0 i n l o a n s and i n v e s t m e n t s of New York C i t y members. Government d e p o s i t s of a l l r e p o r t i n g member banks show a f u r t h e r r e d u c t i o n $ 2 2 , 0 0 0 , 0 0 0 , n e t demand d e p o s i t s d e c r e a s e d by $ 1 1 8 , 0 0 0 , 0 0 0 , w h i l e t i m e d e p o s i t s i n c r e a s e d by $ 1 3 , 0 0 0 , 0 0 0 . F o r t h e New York C i t y banks r e d u c t i o n s of $ 7 , 0 0 0 , 0 0 0 Government d e p o s i t s , $ 6 9 , 0 0 0 , 0 0 0 i n n e t demand d e p o s i t s , and $ 4 , 0 0 0 , 0 0 0 i n time posits are reported. of ^ m de- R e s e r v e 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 d e c r e a s e of $ 2 5 , 0 0 0 , 0 0 0 , and t h o s e of t h e New York C i t y members - a d e c r e a s e of $ 2 0 , 0 0 0 , 0 0 0 . Cash i n v a u l t d e c l i n e d $ 2 2 , 0 0 0 , 0 0 0 f o r a l l member banks and $ 8 , 0 0 0 , 0 0 0 f o r t h e New York C i t y members. B o r r o w i n g s of t h e r e p o r t i n g i n s t i t u t i c n s d e c r e a s e d f r o m $ 5 6 5 , 0 0 0 , 0 0 0 t o *527 000 000 or f r o m 3-.4 t o 3 - 2 p e r c e n t of t h e i r t o t a l l o a n s and i n v e s t m e n t s . For member bLriks i n New York C i t y a d e c r e a s e f r o m $ 1 5 7 , 0 0 0 , 0 0 0 t o $ 1 2 3 , 0 0 0 , 0 0 0 , or f r o m 3 t o 2 . 4 p e r c e n t i n t h e r a t i o of t h s e borrowings t o t o t a l l o a n s and i n v e s t m e n t s , is noted. 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 nember 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 J u l y 11. 1923 J u l y 14. 19 22 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 . . . . . S e c u r e d by s t o c k s and bonds All other . . . . . . . . . . . Investments, t o t a l U. S. bonds . . . . Treasury notes Treasury c e r t i f i c a t e # . O t h e r s t o c k s and bonds * * - C. + - + + 955 24 222 757 254 145 354 139 106 5 11 * - + 9 25 - - 25 22 + 22 US 13 + + + 493 38 + 369 - — + . . . . . . 91 3 77 11 + - Govermsiit 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 - * * R e s e r v e b a l a n c e s w i t h F. R. Banks Cash i n v a u l t T o t a l accommodation a t F. R. Banks «. — + - 33 2 57 62 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 2 7 , 1923i not e a r l i e r . S t , 3622a PRINCIPAL RESOURCE AND LIABILITY ITEMS OF REPORTING MEMBER BANKS IN LEADING CITIES ( i n t h o u s a n d s of d o l l a r s ) J u l y 18, 1923 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 : S e c u r e d by U. S* Govt, o b l i g a t i o n s S e c u r e d 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 772 773 J a n . 17, 1923 781 241,413 3,818,321 7,793.131 296,581 3,811,555 7.405.061 11,762,032 11,852,865 11,513,199 U, S. P r e - w a r bonds 277,922 277,472 U, S, L i b e r t y bonds 1,059,936 - - - - T o t a l l o a n s and d i s c c u n t s U. S„ T r e a s u r y bonds - 238,638 3,7^1,011 7.782.^ J u l y 11, 1923 1,063,519 J u l y 19, 1922 794 262,671 3,519,263 7,025.595 10,807,529 279,442) 1,081,53%) 1,286,484 93,240 95,860 928,222 #939,529 *960,476 *574,655 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 108,080 #116,912 210,543 246,536 O t h e r bonds, s t o c k s and s e c u r i t i e s 2,176,475 2,151,059 2,203,583 2,282,214 l6,405,907 16,497,216 16,378,440 15,197,418 1,393,984 1,423,879 1,433,712 1,432,051 285,430 307,070 290,124 283,549 11,163,332 11,280,811 H,599,541 11,101,473 3,980,513 3,967,571 3,735,272 3,487,015 157,111 179,515 298,612 100,245 304,286 222,352 309,834 255,047 198,769 97,292 97,079 60,521 3«2 3*4 1*8 1,0 U. s . T r e a s u r y n o t 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 s t m e n t s R e s e r v e b a l a n c e w i t h F, R, Banks - 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 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: S e c u r e d by U, S, Govt, o b l i g a t i o n s - - - - - - - - - - - All other , R a t i o of b i l l s p a y a o 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 - - - - - - C. - - - - - - - - - - - - - 129,666) * Includes Victory notes # Revised f i g u r e s . St "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 27, 1923; n o t e a r l i e r . * 3~2_b PRINCIPAL RESOURCE AND LIABILITY ITEMS OF ALL REPORTING MEMBER BANKS IN EACH FEDERAL RESERVE DISTRICT AT CLOSE OF 3USINESS, JULY 18, 1 9 2 3 . ( I n t h o u s a n d s of d o l l a r s ) — Federal Reserve D i s t r i c t Boston Number of reporting banks E I m s s l E New York 4} E T o t a l l o a n s and d i s c o u n t s 111 : - l Fhila. S h m 55 i i 01eve. Rich. 82 Atlanta 77 l ^ Chicago S t . L o u i s 39 : 1 i 106 : i Minn. K a n s . C y . 36 > . i l I 2S S Dallas 77 i : S San Fran. 52 M i l j 891,364 4,142,105 6)2,414 1,126,282 454,213 401,624 1 , 7 5 1 , 2 4 ^ 4 5 0 , 7 5 4 2)2,59b 4 4 9 , > 9 249,441 0 . S . P r e - w a r . bonds 11 22 ,, 55 44 11 48,360 11,003 4 8 , 1 4 7? 30,335 14,441 U. S. L i b e r t y b o n d s 83,058 474,076 44,531 116,459 32,02? Total 66 l l — 71* S j J i s 976,b26 11,762,0)2 14,403 24,766 95,437 15,335 23,214 8,821 12,080 12,015 46,56? £0,l64 14,327 31,994 103,757 277,922 1,059,9)6 U, S , T r e a s u r y bonds 5,059 29,965 3,957 5,573 4,416 1,933 11,940 9,379 1,285 4,393 2,194 13,146 93.240 U. S . T r e a s u r y n o t e s 28,999 510,589 56,077 56,589 11,707 6,245 130,198 23,038 28,861 22,145 14,444 39,330 9 28,222 7 , 0( ^9 0 2 , 33 4 55 66,,1 17 72 2 16,351 108,080 PQ8.077 2 98.077 S2 . 1 8 7 5 U, lndeb"L f ir t e S °f 3 3 ,,4 48 82 2 ^ l 66^3..22661 l 1 Securities T ° S in^sStmfntsiSC0UntS 2255,,5 55 57 7 66,,7 76 69 9 184.7^6 7748.AAB 4 8 . q q 8 184.736 38 3 8 , 7735 35 20,651 355,032 6,502 87,443 2,697 28,816 5,547 60,110 4,917 10,286 88,493 627,961 72,424 108,656 32,429 32,276 Cash i n v a u l t 19,884 80,509 15,803 32,652 14,284 10,234 208,837 38,159 20,451 4?,298 22,717 99,283 1,398,984 55,268 8,120 6,44l 12,265 8,780 21,190 285,430 Net demand d e p o s i t s 826,527 4 , 7 0 7 , 3 1 3 694,196 9 3 1 , 7 3 7 322,325 2 7 1 , 7 7 9 1 , 4 9 7 , 5 3 2 3 4 1 , 4 4 9 197,613 427,063 212,317 Time d e p o s i t s 263,781 570,426 152,656 176,813 Government d e p o s i t s 22,647 904,945 105,435 46,301 14,089 9,411 6,442 7,232 B i l l s p a y a b l e and r e d i s c o u n t s 0 0 " - c. o b l l 2,176,475 1,187,764 5 , 9 7 9 , 6 5 0 9 3 9 , 4 8 7 1,660,217 5 8 7 , 2 3 0 4 8 3 , 5 5 3 2,389,266 615,665 3 1 5 , 1 5 6 600,146 3 1 5 , 7 7 3 1 , 3 3 2 , 0 0 0 16,405,907 Reserve balance w i t h F.R.Bk. I r i r " - 148,794 g - I 9 7 :1 % 26;°792 l ° : Z u : C 7 8 5 , 5 1 1 190,056 86,095 1 3 4 , 3 7 7 20,874 5,920 3,625 2,063 7 3 3 , 4 8 1 11,163,332 74,748 535,670 3,980,513 4,080 14,427 157,111 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 2 7 , 1923; n o t e a r l i e r . St.3622c PRINCIPAL RESOURCE AMD LIABILITY ITEMS OF REPORTING MEMBER BANKS IN F. R. BANK AND BRANCH CITIES AND IN OTHER SELECTED CITIES ( I n t h o u s a n d s of d o l l a r s ) F. R. A l l F . R. Other 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 selected c i t i e s J u l y 18 J u l y 11 J u l y 18 J u l y 11 J u l y 18 J u l y 11 J u l y 18 J u l y 11 J u l y 18 J u l y 11 64 66 Number of r e p o r t i n g banks 49 49 206 206 258 258 308 309 L o a n s and d i s c o u n t s , g r o s s : 74,494 Secured by U. S. Govt, o b l i g . 74,176 28,883 29,809 41,843 158,76 2 158,996 44,593 37,824 38,033 Secured b y s t o c k s and b o n d s 1,412,583 1,475,506 432,045 441,192 2,676,376 2,752,060 481,552 523,262 482,999 583,083 A l l o t h e r l o a n s and d i s c o u n t s 2,151,772 2,153,380 659,200 673,486 4,795,230 4,815,376 1 , 6 0 4 , 2 0 7 1 , 5 9 2 , 0 1 5 1,382,346 1,385,740 T o t a l l o a n s and d i s c o u n t s 3,638,849 3,703,062 1,120,128 1,144,487 7,630,968 7,726,432 2,229,133 2,219,870 1,901,931 1,906,563 U. S. P r e - w a r b o n d s 37,609 37,609 4,026 4,024 95,770 95,796 77,102 76,421 105,050 105,255 U. S. L i b e r t y b o n d s 405,700 413,820 38,104 38,311 638,l4o 643,204 255,378 254,033 l66,4is 166,282 U. S. T r e a s u r y b o n d s 20,273 20,048 4,847 4,870 48,067 47,641 24,104 26,489 21,069 21,730 U. S. T r e a s u r y n o t e s 472,227 477,619 70,635 81,533 682,567 *703,227 151,052 151,585 94,603 84,717 22,607 27,903 6,646 6,644 52,483 *58,265 35,713 37,455 19,884 21,192 541,883 525,968 178,500 178,604 1,165,157 1,149,555 587,052 577,981 424,266 423,523 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 Other bonds, 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 a n d 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 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 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 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. Bank t o t o t a l l o a n s and investments, per cent. w. 5,139,148-5,206,029 1,422,886 1,458,473 10,313,152 10,424,120 3,359,534 3,343,834 2,733,221 2,729,262 578,543 598,964 146,721 l4o,924 1,002,329 1,017,238 232,354 238,292 164,301 168,349 65,380 73,007 29,547 32,536 142,927 157,276 60,163 64,895 82,340 84,899 994,530 1,018,779 7,574,722 7,664,890 1,929,930 1,945,523 1,171,901 1,160,935 851,403 851,059 4,207,346 4,276,505 1,658,680 1,670,398 628,522 632,468 372,332 375,043 1,957,209 1,955,577 42,823 50,336 8,804 10,649 104,065 120,317 36,923 40,907 16,123 18,291 100,941 22,324 H4,i6l 42,534 6,960 9,784 16,363 186,533 138,941 195,970 16,605 166,456 75,787 45,877 73,138 47,340 41,966 37,534 4o,726 41,251 2.4 3.0 3.5 3.6 2.9 3.0 1.7 1.8 3.2 *R e v i s e d f i g u r e s . V. 3-6
@FedFRASER