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STATEMENT IDE THE PRESS Released, for p u b l i c a t i o n Friday afternoon, July 7> not e a r l i e r , St.2883Federal Reserve Board, July 6, 1922. CONDITION OF MEMBER BANKS IN LEADING' CITIES. : . Substantial r e d u c t i o n s , t o t a l i n g $102,000,000, in a l l c l a s s e s of loans, as against increases by $20,000,000 of investments in Government s e c u r i t i e s and by $6,000,000 in other s e c u r i t i e s , are shown in the Federal Reserve Board's weekly statement of condition on June 28 of 799 member banks in leading c i t i e s . Under the general head of government s e c u r i t i e s United States bonds show an increase for the week of $16,000,000 and Treasury n o t e s , the issue of which in exchange f o r Victory notes terminated on June 22, - an increase of $29,000,000; on the other hand, Victory notes show a further decline cf $14,000,000 and Treasury c e r t i f i c a t e s - a d e c l i n e of $11,000,000. Holdings of corporate s e c u r i t i e s show an increase of $6,000,000, while loans against such s e c u r i t i e s f e l l o f f about $47,000,000. Other loans and d i s c o u n t s , l a r g e l y commercial loans, show a decrease for the week of $51,000,000. For member banks in New York City increases of $15,000,000 in Government s e c u r i t i e s and of $5,000,000 in corporate s e c u r i t i e s , as against n e t - l i q u i d a t i o n of $118,000,000 in total loans, l a r g e l y against corporate s e c u r i t i e s , are noted. Of the t o t a l of $15,128,000,000 of loans and investments of a l l reporting banks reported as of June 28 of the present year, the share of "othar", l a r g e l y commercial, loans was 46,3 p e r c e n t , as a g a i n s t 53-5 P s r cent on June 29 of l a s t y e a r . On the other hand, the share of investments i n Government s e c u r i t i e s and loans thereon shows an i n c r e a s e f o r ' t h e same p e r i o d from 13.3 to 15-7 per c e n t , and the share of c o r p o r a t e s e c u r i t i e s and l o a n s thereon - an i n c r e a s e from 33-1 to 38 per c e n t . Government d e p o s i t s show a d e c l i n e for the week of $55,000,000 and other demand deposits ( n e t ) , due in part to withdrawals of bank balances - a decline of $69,000,000, while time d e p o s i t s show a further gain of $52,000,000. For member banks in New York City reductions cf $19,000,000 in Government deposits and of $77,000,000 in other demand d e p o s i t s , a s against an increase of $45,000,000 in time d e p o s i t s , a r e shown. Borrowings from the Federal reserve banks increased from $123,000,000 to $164,000,000, or from 0 , 8 to 1 , 1 per cent of the reporting banks' aggregate loans and investments. For the New York City banks an increase in t o t a l accommodation at the l o c a l reserve bank from $7,000,000 to $53,000,000 and from 0.1 to 1 per cent in the r a t i o of accommodation i s shown. Reserve balances of the reporting banks increased by $54,000,000 and their cash in vault - by $2,000,000. Member banks in New York City report increases of $86,000,000 in reserve balances and of over $1,000,000 in cash. Following i s a statement of changes in the principal a s s e t and l i a b i l i t y items, as compared with a week and a year ago: Increase or Decrease In m i l l i o n s of d o l l a r s since June 21. 1922 June 29. 1921 Loans and discounts - t o t a l Secured by U, S, Government o b l i g a t i o n s Secured by stocks and bonds All other Investments, t o t a l U. S, bonds. Victory notes U. S. Treasury notes Treasury c e r t i f i c a t e s Other stocks and bonds Reserve balances with F, R. Banks Cash in vault Dec. 1 0 2 Dec. 4 Dec. 47 Dec. 51 Inc. 26 Inc. 16 Dec. 14 Inc. 29 Dec. 11 Inc. 6 Inc. 5 4 Inc. 2 Dec. 1,101 Dec. 387 Inc. 462 Dec. 1,176 Inc. 958 Inc, 399 Dec. 131 Inc. 420 Inc, 4o Inc. 230 Inc. 199 Dec. 49 Government deposits Net demand deposits Time deposits Dec. Dec. Inc. Dec. 264 Inc. 1,077 Inc. 447 Digitized forTotal FRASERaccommodation at F. R. Banks Inc. 55 69 52 41 Dec. 1 , 0 5 1 Released f o r p u b l i c a t i o n Friday afternoon, J u l y 7, 1922; not e a r l i e r . •. . . PRINCIPAL EE SOURCE AND LIABILITY ITEMS OF REPORTING MEMBER BANKS IN LEADING CITIES. (Amounts i n thousands of d o l l a r s ) ' , June 28, 1922 June 21, 1922 Dec. 23, 1921 v Number of reporting banks 799 jgg g06 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 F. R. Bank: Secured by U. S. Govt, o b l i g a t i o n s — 285,373 289 312 512,520 Secured by stocks and bpnds (other than U. S. s e c u r i t i e s ) 3,465^24? 3,512^046 3 165,*481 A l l other loans and discounts 7,032,501 7 ^083 ^429 7 ^42[233 Total loans and discounts U. S. bonds U. S. Victory n o t e s U. S. Treasury n o t e s U, S. C e r t i f i c a t e s of indebtedness Other bonds, stocks and s e c u r i t i e s Total loans & discounts & i n v e s t . , including b i l l s r e d i s ' d . w i t h F.R.Bk. Reserve balance with F. R. Bank . - - Cash i n vault • 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 Federal Reserve Bank: secured t y u. S. Govt, o b l i g a t i o n s A l l other B i l l s redi scounted with Federal Reserve Bank: Secured by U, S. Govt, o b l i g a t i o n s A l l other Ratio of b i l l s payable and rediscounts with F. R, Bank t o t o t a l loans and investments, per cent - - - - - - - - - - - - - - - - - . Sg z> yi & June 29, 1921 217 , 6?2 296 '3,002'994 g^208]427 10,783,121 10,884,787 11,220,234 11,833,717 1,264,277 40,526 1,247,689 54,902 950,270 170,639 865J254 17.1,501 53^,974 505,427 125,559 115,341 260,796 2,304,74? 272,042 2,298,804 222,S§5 2,090,025" 221,025 2,074,305 15,188,441 15,263,651 14,779,582 15,331,143 1,440,290 1,385,971 1,267,10? 1,241,465 278>57 11,123,877 276,845 11,192,404 339,799 10,174,4 3 7 32%,468 10,046,398 3,380,434 123,674 3,328,650 178,444 2,998,213 257,073 2,933,118 387,378 96,534 204 50,2)0 205 258,656 *,302 319,001 5,618 qc 7 66,lei r^r 72,183 •,>, 4 ^ 3 7 93,920 796:797 g ^ j 7.9 Released f o r p u b l i c a t i o n Friday afternoon, July 7, ig22; not e a r l i e r . c , ^» KXh PRINCIPAL EE SOURCE AND LIABILITY ITEMS OF ALL REPORTING- MEMBER BANKS IN EACH FEDERAL RESERVE DISTRICT AT CLOSE OF BUSINESS r JUNE 22, 1922. —— —— —— — (Amp-ants in thousands of d o l l a r s ) 52a?1o f T e ^ n i n L Loans and d i s c o u n t s , including b i l l s rediscounted with F. R. Bank: V " ^ I f ' ^ ™ ^ T ^ ^ ^ EEEHEE; iliiSill i l £! i l , i = g #1 Total loans and discounts U- S. bonds U. S. Victory n o t e s U. S. Treasury n o t e s U* S. C e r t i f i c a t e s of indebtedness 7 K . J 6 J ) , ) & . * * 555,£86 86,643 5 2 2 , 7 5 2 54,858 1,627 9,620 7,456 19,731 3 4 4 , 3 5 0 19,429 7 qg? Total loans and discounts and investments, including b i l l s rediscounted with F.R.Bk. 1,075,282 Reserve balance with F. R. Bank 82,822 Cash in vault 18,064 Net demand d e p o s i t s 786,609 Time d e p o s i t s 231,462 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 l i g . A l l other . 11,208 3,325 1 B i l l s rediscounted with F.R.Bank:. Secured by U . S . G o v t . o b l i g . 71 All other 9,327 127,464 12,767 842,185 185,034 SS && 9 2 7 , 7 7 S 430,20? 354,126 1,550,519 404,622 232,500 425,06l 236,679 856,502 10,763,121 143,720 57,650 27,135 118,872 29,152 25,523 53,621 34,023 110,298 1,264,277 1,561 597 3,020 1,820 3,956 60,066 2,340 235 2,055 892 3,367 40,526 10,661 7,157 13,161 8,455 18,784 534,974 3,874 7,798 53,166 29,143 10,480 10,292 6,432 23,632 260,7^6 401,532 80.357 9,5S3 24,164 56,244 8,112 165,410 2.304.74? 28,444 11,299 282,812 54.765 1,716 535,270 1,455,614 550,109 4 2 5 , 7 6 1 2,164,188 5 3 7 , 6 4 8 743,876 64,051 64,051 99,068 33,516 2 9 , 8 2 1 177,046 41,770. 8 8 , 8 5 7 14,863 28,324 14,137 9,190 50,953 6,555 5,107,474 6 6 7 , 2 5 2 844,801 327,080 244,819 1,400,916 307,995 6 6 5 , 8 0 6 50,838 486,157 1 4 9 , 4 7 3 1 5 0 , 4 4 2 6 8 1 , 1 0 9 159,965 41,452 9,478 13,262 3,46o 3,760 1.4,165 4,6lo 54 835 1 ^ 10,727 11,579 4,312 153 3,854 35^ 9.,814 225 6,808 20 5,916 91 6,695 2 3,003 6,166 5 7v9 6,291 12,215 8,655 186,643 433,281 208,737 77,417 115,956 4,207 4,889 963 744 31 2,026 • "T,r;37 96 •2,317 3,768 .... 2 9 9 , 1 6 2 560,434 2 9 4 , 5 9 3 1 , 1 2 3 , 1 3 3 15,188,441 18,073 4 6 , 6 s 6 2 3 , 0 7 2 80,489 1,44O,2QO 20,353 278,457 6 0 8 , 2 7 0 11,123,877 64,964 546,845 3,330,434 •3,159 10,024 123,674 2,274 204 96,534 204 62 9,31S 967 66,868 - 10 3,5:9 Released f o r p u b l i c a t i o n Friday afternoon, July 7, 1922; not e a r l i e r 'ORTING «MEME BANKS IN __ F. _ , E. ___ BANK AMD BRANCH CITIES AND IN OTHER SELECTED c A s ^ ' PRINCIPAL RESOURCE A ® LIABILITY ITMs OP REPORTING (Amounts i n thousands of dollars') A l l 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, cities June 28 June 21 June 28 June 21 June 28 June 21 June 28 June 21 June 28 * June 21 Nunber of reporting banks 67 66 50 50 274 273 211 211 314 ? 315 Loans and d i s c o u n t s , including b i l l s r e d i s ' d , with F. R. Bank: Secured by U. S. Govt, o b l i g . 79,590 82,403 4O,592 4-3,510 190,542 194,984 50,305 Secured by stocks and bonds 44,510 1,471,921 1,552,164 ^ 6 , 6 0 1 2 5 5 2 , 2 9 1 2 , 6 0 8,672 482^69 478: A l l other loans and discounts 430,487 424,794 1,951,41% 1,986,351 Total loans and discounts 3,502,925 3 , 6 2 0 , 9 1 8 U. S. bonds 462,357 460,570 51,465 52>415 729,226 724,767 274,414 268,370 260,637 254,552 U. S. Victory n o t e s 7,990 16,525 3,379 %,775 26 > 2 3 2 37,988 8,192 8,594 6,102 8,320 TJ. S. Treasury notes 332,145 316,061 4i,64g 30,575 434,816 408,4-38 66,395 62,663 33,763 34,326 U. S. C e r t i f i c a t e s of indebtedness 120,668 114,628 16,241 13,551 189,653 188,287 51,048 61,107 . 20,095 22,648 Other bonds, s t o c k s , and s e c u r i t i e s 64-7,033 642,179 181,261 191,709 1,280,684 1,282,208 611,224 605,576 .412,839 >11,020 Total loans and discounts and investments, including b i l l s rediscounted with F. E. Bank 5,073,118 5,170,881 1,342,995 1,338,318 9 , 7 9 9 , 2 8 9 9 , 8 9 0 , 5 8 3 2,914,038 2,901,479 2,475,114 2,471,589 Reserve balance with F, R, Bank 699,823 613,541 123,664 127,916 1,079,950 1,020,658 209,138 209,915 151,202 155,398 Cash i n v a u l t 76,012 74,710 28,236 29,460 150,906 149,266 54,869 55,420 72,682 72,159 Net demand d e p o s i t s 4,623,864 4,700,999 959,519 950,917 7,842,533 7,923,340 1,739,109 1,729,221 1,542,235 1,539,843 Time d e p o s i t s 465,108 419,781 324,492 3 2 2 , 5 9 0 1 , 6 2 4 , 9 6 5 1,583,779 1,006,773 1,000,571 748,696 744,330 Government d e p o s i t s 38,695 57,355 9,854 14,200 89,161 128,418 24,357 35,942 10,156 14,084 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 48,720 4,520 2,910 4,985 67,23s 25,901 15,503 12,162 13,793 A l l other 12,167 204 205 B i l l s redi scounted with F. R. Bank: Secured by U. S.. Gov't o b l i g a t i o n s 353 745 409 1-57 197 65 A l l other 50 3,506 2,774 3,069 3,593 35,917 4o,685 10,452 10,529 20,493 20,969 Ratio of b i l l s payable and rediscounts with F. R. Bank to t o t a l loans and investments, per cent 1.0 .1 .4 •6 1.1 .7 .9 .8 1.4 1.3
@FedFRASER