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STATEMENT FOR THE PRESS. S t . 1268 F e d e r a l Reserve Board R e l e a s e d f o r p u b l i c a t i o n Monday morning, J u l y 3, 1920. J u l y 5, 19-20; n o t e a r l i e r . Condition of H»mber banks i n l e a d i n g c i t i e s . C o n s i d e r a b l e r e d a c t i o n s i n demand d e p o s i t s f o l l o w i n g the payment of checks and d r a f t s drawn i n payment of June 15 t a x e s , t o g e t h e r w i t h s u b s t a n t i a l i n c r e a s e s i n borrowings from F e d e r a l Reserve banks . a l s o moderate i n c r e a s e s in consnercial l o a n s and d i s c o u n t s a r e i n d i c a t e d i n the F e d e r a l Reserve B o a r d ' s weekly stateme of c o n d i t i o n on June 25 of 813 member banks in l e a d i n g c i t i e s . T r e a s u r y c e r t i f i c a t e h o l d i n g s show a d e c l i n e of 2J.6 m i l l i o n s (about 10 m i l l i o n s i n Few York C i t y ) w h i l e changes i n o t h e r U n i t e d S t a t e s s e c u r i t i e s and i n l o a n s s u p p o r t e d by such s e c u r i t i e s were merely n o m i n a l . p o r a t e s t o c k s and bonds d e c l i n e d 6 . 3 m i l l i o n s . s l i g h t i n c r e a s e i n t h i s item I s n o t e d . Loans secured y For the New York C i t y banks a All o t h e r l o a n s and i n v e s t m e n t s , i n c l u d i n g commercial l o a n s and d i s c o u n t s p r o p e r , show an i n c r e a s e o f > 8 . 2 m i l l i o n s f o r a l l r e p o r t i n g banks, and of 8 . 8 m i l l i o n s f o r the banks i n New York C i t y . As a con- sequence, t o t a l l o a n s and i n v e s t m e n t s tif 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 an i n c r e a s e of l U . l m i l l i o n s , of which 5 - 3 m i l l i o n s r e p r e s e n t s the i n c r e a s e of the New York City b a n k s . Government d e p o s i t s at the c l o s e of the week Were 4 , 7 m i l l i o n s l e s s than a t the b e g i n n i n g , o t h e r demand d e p o s i t s show a d e c l i n e of 1 7 1 . 2 m i l l i o n s f o r r e p o r t i n g banks ( 5 5 . 8 m i l l i o n s f o r the New York C i t y b a n k s ) , w h i l e time d e p o s i t s show a gain f o r the week of 7*3 m i l l i o n s . T o t a l accommodation t o reporting, banks, a s shown on the books of the F e d e r a l Reserve b a n k s , i n c r e a s e d from 1833*3 to 1945.9 m i l l i o n s . S l i g h t l y over 50 p e r c e n t of t h e p a p e r h e l d was secured by U n i t e d S t a t e s war o b l i g a t i o n s . For the New York C i t y banks an i n c r e a s e under t h i s head from 550,1 to 611.8 m i l l i o n s i s shown. The r a t i o of accommodation a t t h e F e d e r a l Reserve banks to t o t a l l o a n s and i n v e s t m e n t s of r e p o r t i n g banks shows a r i s e from 1 0 . 8 t o 1 1 . 4 p e r c e n t . For the New York C i t y banks an i n - c r e a s e i n t h i s r a t i o from 9 . 5 t o 10*6 p e r c e n t I s n o t e d , I n c o n n e c t i o n w i t h the i n c r e a s e i n borrowings t h e r e i s shown an i n c r e a s e of 2 5 . 2 m i l l i o n s i n t o t a l b a l a n c e s w i t h the F e d e r a l Reserve b a n k s . Cash xn v a u l t shows a d e c l i n e f o r t h e week of 8 . 1 m i l l i o n s , l a r g e l y o u t s i d e of New York City. tit. Eel eased f o r publication Monday morning, July 5, 1920; not e a r l i e r , I2o8a PRINCIPAL RESOURCE AND LIABILITY ITEMS OF REPORTING MEMBER BANKS IN LEADING CITIES. (Amounts i n thousands of dollars) June 25, 1920 813 June 18, 1920 814 Dec. 2b, 1919 June 27, 1915 772 269,783 269,705 269,113 269,264 Other U» S» "bonds i n c l u d i n g L i b e r t y "bonds 609,551 607,727 632,276 628,427 U. S , V i c t o r y n o t e s 198,006. 199,907 237,997 374,822 483,124 510,653 789,882 916,739 1,560,464 1,527,992 1,929,268 2,189,252 1,026,069 3,106,757 11,351.243 1,026,225 3,113,141 11,303,049 1,329,974 3,300,373 ) 9,960,440 ) 17,044-, 533 17,030,407 16,520,055 14,675,264 1,393,457 1,368,251 1,347,175 1,323,333 357,963 366,091 429,712 351,599 11,341,626 11,512,804 11,174,249 10,286,406 2,691,816 2,684,497 2,302,344- 1,756,963 262,861 267,613 580,452 782,610 707,216 672,498 1,174 926,921 ) 6,682 ) 1,025,844- 289,134 948,519 283,837 875,761 309,590 ) 590,014 \ , 325=067 13.6 13-8 TJ» 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 - - - - - - - - - - - - - - - - Loans and i n v e s t m e n t s , i n c l u d i n g "bills rediscounted.with. F» E~ Bank: Loans secured "by stocks and "bonds other than U- S» securities - - — - — - Total l o a n s and i n v e s t m e n t s , i n c l u d i n g "bills r e d i s c o u n t e d w i t h F , B. Bank - - B i l l s payable w i t h F e d e r a l Beserve Bank: l,lll B i l l s r e d i s c o u n t e d w i t h F e d e r a l Reserve Bank: Secured uy U- S» war o b l i g a t i o n s - - - R a t i o of li- S. war s e c u r i t i e s and war l o a n p a p e r t o t o t a l l o a n s and i n v e s t ments, i n c l u d i n g r e d i s c o u n t s w i t h F- R. Bank, p e r c e n t 0 797 (a) 1,380,628 (a)lO,7SO,317 (a) E x c l u s i v e of r e discounts with F.R. 1 8 - 1 Banks. Released, f o r publication Monday morning, July 5, 1920; not e a r l i e r . St# 1268b PRINCIPAL RESOURCE A D LIABILITY ITEMS OF ALL REPORTING M M E B N S IH EACH FEDERAL RESERVE DISTRICT AT CLOSE OF BUSINESS JUNE 25, 1920, N E BR A K (Amounts in thousands of dollars) Boston Hew York Phila. Clevel. ELchm* Atlanta Chicago St.Louis Minn- Kans.Cy. Dallas San Fran, Total . Federal Reserve D i s t r i c t 48 813 67 35 83 114 46 82 47 107 35 92 Number of reporting banks 57 U . S . Bonds to secure circu269,783 46,658 11,347 4l,8?4 28,232 14,185 12,311 21,550 16,924 7,321 15,316 19,573 lation Other U . S . bonds including 609,551 62,706 12,796 9,830 21,972 20,811 61,031 60,059 33,958 28,168 13,994 253,839 30,387 Liberty bonds 198,006 40,058 2,835 1,335 4,520 3.374 12,615 4,126 7,0.87 85,38% 9,200 19,515 7,957 U» S. Victory notes U. S. Certificates of 483.124 63,978 5,775 6.540 8,356 6,535 28,985 33 . 568 13.732 9,866 29.037 241,022 35.730 indebtedness 86,664 155,016 83,879 56,345 188,292 38,330 25,026 50,164 50,293 137,123 l,560,464 62,429 626,903 Total U. S. securities loans and investments including b i l l s rediscounted with Bctiikii Loans sec.by u.S.war oblig. 53,733 503,367 96,856 Loans sec.by stocks&bonds 188,440 1,329,176 205,278 All other loans&investments 800.795 4.034.945 563.868 Total loans.& investments; , Wlth"^ I R. r Badk C O i m . 76,718 33,932 28,495 #5,697 38,359 18,144 27,463 9,629 33,676 1,026,069 328,967 107,392 61,63% 463,580 128,462 31,550 79,591 36,887 145,800 3,106,757 9 28.282 390,521 413,946 1,781.390 411,943 292.037 508.253 24l,54o 983,723 11,351.24? l, 105,397 6,494,391 952,666 1,488,983 615,724 560,420 2,538,959 617,094 366,757 665,47 1 33 8,34$ #00,322 17,044,533 Reserve balance With f . r . Bank 81,676 685,972 66,207 94,443 35,123 33,579 Cash i n vault 120,166 16,216 31,514 16,946 12,994 24,185 184,537 42,358 63,933 9,470 18,449 44,498 9,206 23,968 82,64? 1,393,457 14,885 10,910 27,540 357,963 Net demand deposits 818,241 5,219,623 662,888 .867,816 335,181 269,859 1,378,932 320,4)6 209,673 410,020 223,285 625,672 ll.34l.626 Time deposits l4o,78o 417,491 32,981 365,090 204,986 if2,651 Government deposits 19,631 129,675 17>,918 22,760 m 30,342 - 309,369 62,:458 - 46,701 40,306 30,826 100 44l & &;i!I seLP^s.wi?obii^tioSt All Other Bills rediscounted with • i r o i P ^ ° W s a t l o n s l l f d 3,480 35:83 3,955 j:§9 624,181 124,484 64,32? 30,299 7,544 94,568 21,779 - 98,990 49,279 9,243 2,891 l4,558 262,861 8,781 26,188 14,190 350 85 - 21,708 135 707,216 1 111 , 907 516,576 2,691,816 1%% Released for publication Monday morning, July 5, 1920; not earlier I T New York City *>• - " Number of reporting banks 72 „ 73 U. S. bonds to secure circulation 36,961 36,961 Other U.S.bonds,including Liberty bonds 221,092 217,384 U. S. Victory notes 75,63s 77,176 U. S, Certificates of indebtedness 223,003 233,16s 33,165 Total U- S. securities >,69# ~~ "556" 564,6SF Loans and investments including b i l l s rediscomted with F.R. Bank: Loans secured by U.S. war obligations 474,175 470,236 Loans secured by stocks and bonds 1,175,820 1,175,256 All other loans and investments Total loans and investments including rediscounts with F. R. Bank 50 1,438 25,199 12,388 24,048 "SJTOTJ" 4,705,010 4,760,834 951,116 1 m 306,259 281,660 126,069 14,863 21+1,827 32,097 36,950 206*113 137,321 490,806 105,683 416,122 105,454 73,720 83,361 84,069 592,959 589,379 35,340 21,115 23,352 156,364 761 143,421 724 93,978 350 93,735 *50 31,016 144,191 30,856 l4i, 616 16,773 134,548 l6,4i4 124,148 13.5 13.6 11.8 11-9 978,282 7,972,007 8,062,298 1,723,623 280,494 1,226,339 1,226,613 872,518 18,045 206,841 208,921 34,905 36,899 456,874 435,342 — Ratio of U.S»war securities and war loan paper to total loans and investments,including rediscounts with F-R-Bk.,per cent 17*2 319,692 68,489 35,163 131,027 209,615 317,568 208,302 106,832 B i l l s rediscounted with F-R.Bank: Secured by U. S.war obligations All other §04,569 » 198 70,905 70,898 143,509 144,186 52,293 52,236 _23,081 96,411 359 > W 163773T 100,224 121,491 39,820 56,033 100,152 122,784 39,980 56,776 202,828 106,679 271,197 105,893 334,010 883,108 98,655 340,757 107,691 357,466 '• 996,425 Cash in vault B i l l s payable with F. R. Bank: Secured by U. S. war obligations All other bb,230 98,654 344,551 280 131,679 1,034,869 133,084 Government deposits 25^461 •£"%< 279 138,241 483,110 617,682 303,559 126,176 1,43s 26,787 12,540 » 72,911 782,145 783,450 348,103 2,207,525 2,202,055 642,952 Time deposits 50 71,556 344,547 Reserve balance with. F, R. Bank Net demand deposits St. 1268c AMD J ™ J ALL OTHER REPORTINGb ^ s s « BAHKS '» - — 241,345 669,720 236,567 609,997 127,630 180,738 8,881 191,592 8,698 168,011 17-3 8.6 8.9 llt.l 14.3
@FedFRASER