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/ STATEMENT FOR TEE PRESS St.2106 Released for publication, in F e d e r a l R e s e r v e Board F r i d a y a f t e r n o o n p a p e r s , J u l y 8; J u l y T, 1921. not e a r l i e r . CONDITION OF im/IBER BAiQCS IN LEADING CITIES. Aggregate l i q u i d a t i o n of over $30,000,000 of Government s e c u r i t i e s , a s a g a i n s t a n / i n c r e a s e by $1$,000,000 of i n v e s t m e n t s i n c o r p o r a t e s e c u r i t i e s and of l o a n s s u p p o r t e d by sucn s e c u r i t i e s , i # i n d i c a t e d i n the F e d e r a l Reserve Board 1 s weekly c o n s o l i d a t e d s t a t e ment of c o n d i t i o n on June 29 of 817 member banks i n l o a d i n g c i t i e s . Loans s e c u r e d by c o r p o r a t e o b l i g a t i o n s show an i n c r e a s e f o r the week of about $ 1 1 , 0 0 0 , 0 0 0 , the member b a r k s i n New l o r k C i t y r e p o r t ing n e a r l y a l l of the i n c r e a s e , w h i l e o t h e r l o a n s and d i s c o u n t s , i n c l u d i n g 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 and commercial l o a n s p r o p e r , show b u t nominal c h a n g e s . Holdings of U n i t e d S t a t e s bonds and V i c t o r y n o t e s d e c l i n e d by about $ 2 , 0 0 0 , 0 0 0 , T r e a s u r y n o t e h o l d i n g s f e l l o f f $ 1 3 , 0 0 0 , 0 0 0 , and those of T r e a s u r y c e r t i f i c a t e s $ 1 7 , 0 0 0 , 0 0 0 , w h i l e c o r p o r a t e s e c u r i t i e s on hand show an i n c r e a s e f o r the week of $ 4 , 0 0 0 , 0 0 0 , Corresponding changes f o r member b a n k s i n New York C i t y i n c l u d e an i n c r e a s e of $3,000,000 i n "United S t a t e s bonds and V i c t o r y n o t e s and d e c r e a s e s of ,0ZQ ,000 in T r e a s u r y n o t e s and. of $ 2 , 0 0 0 , 0 0 0 in T r e a s u r y c e r t i f i c a t 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 b a n k s , i n consequence of the changes n o t e d , show a r e d u c t i o n f o r the week of $ 1 6 , 0 0 0 , 0 0 0 , w h i l e f o r the New York C i t y b a n k s , because of the r e l a t i v e l y small n e t l i q u i d a t i o n of T r e a s u r y n o t e s and c e r t i f i c a t e s , an i n c r e a s e of about $ 7 , 0 0 0 , 0 0 0 i n t o t a l l o a n s and i n v e s t m e n t s i s n o t e d , Accommodation of r e p o r t i n g banks a t the F e d e r a l r e s e r v e banks shows an i n c r e a s e f o r the week from $ 1 , 2 0 8 , 0 0 0 , 0 0 0 to $ 1 , 2 1 5 , 0 0 0 , 0 0 0 , the r a t i o of such accommodation to t o t a l l o a n s arid i n v e s t m e n t s r e maining unchanged a t 7 , 9 p e r c e n t „ For the i\iew York J i t y banks a d e c r e a s e i n accommodation a t the l o c a l r e s e r v e bank from $ 2 8 7 , 0 0 0 , 0 0 0 t o $283,000,000 and i n the r a t i o of accommodation from 5,9 to 5 . 8 per c e n t may be n o t e d . As a g a i n s t a r e d u c t i o n of $75,000,000 in Government d e p o s i t s , o t h e r demand d e p o s i t s (net") show an i n c r e a s e 01 $h/,u00,0C0 > and oirne d e p o s i t s - an i n c r e a s e of $ 1 ^ , 0 0 0 , 0 0 0 . At trie memocr banks in New York C i t y a r e d u c t i o n of $43.,000,000 i n Government d e p o s i t s i s a c companied by i n c r e a s e s of $71,000,000 in o t h e r demand d e p o s i t s and of $8,000,000 i n time d e p o s i t s . R e s e r v e s of t h e r e p o r t i n g member oanks w i t n tne f e d e r a l r e s e r v e banks a r e shown $13,000,000 l e s s than the week b e f o r e , w h i l e c a s h i n v a u l t was $ 8 , 0 0 0 , 0 0 0 in e x c e s s of the p r e c e d i n g week* s t o t a l . Member b a n k s i n New York C i t y r e p o r t a $ 3 , 0 0 0 , 0 0 0 d e c r e a s e n r e s e r v e s and a nominal d e c r e a s e i n c a s h on h a n d . " 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 8 , 1921; n o t e a r l i e r PRINCIPAL RESOURCE AND LIABILITY ITEMS OF REPORTING MEMBER BANKS IN LEADING CITIES (Amounts i n t h o u s a n d s of d o l l a r s ) June 22, 1921 J u n e 2 9 , 1921 Number of r e p o r t i n g b a n k s - - - - - - - - - - - - - - - - - - - - - - - - S17 817 Dec. 31, 1920 821 J u l y 2 , 1920 814 Loans a n d d i s c o u n t s , i n c l u d i n g b i l l s r e d i s c o u n t e d w i t h F . R. Bank: Loans s e c u r e d by U. S . Govt, o b l i g a t i o n s _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ Loans s e c u r e d by s t o c k s a n d 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 loans and d i s c o u n t s _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ T o t a l l o a n s and d i s c o u n t s - - - - - - - - - - - - - - - - - - - - - - St.2108a. 660,296 3,002,994 8,209,951 11,873,241 661,123 2,992,486 8,209,460 11,863,069 908,908 3,175>906 (a) (a) 1,022,917 3,119,466 (a) (a) 865,254 564,191 510,690 878,711 171,501 174,472 209,079 198,875 115,341 127,857 - - 221,025 237,566 271,599 419,954 2,074,305 15,320,667 2,069,898 15,337,053 (a) 16,750,488 (a) 16,885,954 - - - - - - - - 1,241,465 1,254,660 1,357,669 1,445,713 Cash i n v a u l t - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 327,468 319,461 354,535 358,252 10,046,398 5,939,313 10,941,847 11,487,857 2,933,HS 2,915,332 2,852,257 2,700,371 327,37.3 462,488 262,264 107,790 319,001 5,618 324,558 5,111 629,410 6,051 740,572 2,346 93,920 796,797 104,154 773,733 248,850 1,213,742 279,891 1,033,621 7-9 7-9 U. S . bends U. S. T r e a s u r y n o t e s - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 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 loans & d i s c o u n t s , & i n v e s t . i n c l u d i n g b i l l s r e d i s c ' d . w i t h F.R.Bk. R e s e r v e b a l a n c e w i t h F . R. Bank - - - - - - - - - - - - - Net demand d e p o s i t s - - - - - - - - - - - - - - - - - - - - - - - - - - - Time d e p o s i t s B i l l s p a y a b l e w i t h F e d e r a l R e s e r v e Bank: S e c u r e d by U. S . Govt, o b l i g a t i o n s _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ All other - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 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 R e s e r v e Bank: S e c u r e d by U. S . Govt. o b l i g a t i o n s _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ R a t i o of b i l l s p a y a b l e a n d 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 - - - - - - - - - - - - - - P (a) 12-5 Comparable f i g u r e s n o t a v a i l a b l e . 12.2 - 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 8, 1921; n o t e a r l i e r . St.2108b. PRINCIPAL RESOURCE AND LIABILITY ITEMS OF ALL REPORTING MEMBER BANKS IN EACH FEDERAL RESERVE DISTRICT AT CLOSE OF BUSINESS JUNE 29, i g 2 1 . (Amounts i n t h o u s a n d s of d o l l a r s ) F e d e r a l Reserve D i s t r i c t B o s t o n New York P h i l a . C l e v e l . Richm. A t l a n t a Chicago S t . L o u i s Minn. K a n s . C y . D a l l a s San F r a n . Total Somber r e p o r t i n g b a n k s 49 112 58 88 82 4j 113 37 35 80 52 68 817 Loans and discounts i n c l u d ing M i l s rediscounted with F . R . Bank: Loans s e c . b y U . S . G o v t . o b l i g . 38,866 265,199 7 2 , 2 2 8 6 2 , 1 3 8 25,376 1 9 , 3 1 2 86,499 20,420 1 2 , 5 6 5 2 1 , 9 5 4 6,877 28,862 660,296 Loans sec.by s t o c k s and bonds 196,327 1,258,119 190,698 337,198 110,743 5 2,350 4 4 6 , 6 3 2 1 1 9 , 3 4 8 33,429 7 2 , 0 5 2 36,689 l49,409 3,002,994 All -other loans & discounts 6o6,Q7 2 2, 764.163 379,171 6 7 2 , 6 9 6 3 3 2 . 8 3 4 3 1 0 . 8 2 9 1 . 2 4 6 , 0 0 7 324,836 233.145 3 7 8 . 7 # 210,280 751,159 8 , 2 0 9 , 9 5 1 T o t a l l o a n s and d i s c o u n t s 8 4 1 , 2 6 5 4 , 2 8 7 , 4 8 1 6 4 2 , 0 9 7 1 , 0 7 2 , 0 3 2 468,953 3 8 2 , 4 9 1 1 , 7 7 9 , 1 3 8 4 6 4 , 6 o 4 279,139 4 7 2 , 7 6 5 253,846 929,430 11,873,241 U . S. bonds 34,549 309,937 47,725 1 0 0 , 9 8 9 59,960 3 0 , 7 0 7 73,047 25,661 1 6 , 5 8 2 3 1 , 8 2 2 3 2 , 5 3 5 101,740 865,254 u . s . Victory notes 5,875 81,233 6,355 17,171 5,o64 2,726 30,585 2,oo4 837 3,026 1,241 15,384 171,501 u . S. Treasury notes 3,454 77,357 1 2 , 5 8 2 4,572 1,36446i 7,942 1,211 342 1,079 2,086 2,891 115,34l U . S . C e r t i f i c a t e s of indebtedness 4,842 133,811 11,174 13,779 4,945 1,332 22,821 2,l6l 613 8,426 2,194 14,927 221,025 350.168 6 7 , 4 0 5 2 1 , 6 l 4 4 6 . 3 1 0 1 0 . T O 175.520 2.074.105 Other bonds,stocks & s e c u r i t i e s 131.332 734.829 l 6 l , 1 9 9 2 8 3 . 6 9 5 55.001 3 6 . 6 7 7 T o t a l l o a n s a n d d i s c o u n t s , arid investments including b i l l s r e d i s c o u n t e d w i t h F . R . B k . 1 , 0 2 1 , 3 1 7 5 , 6 2 4 , 6 4 8 8 8 1 , 1 3 2 1 , 4 9 2 , 2 3 8 595,287 4 5 4 , 3 9 4 2 , 2 6 3 , 7 0 1 563,046 319,127 5 6 3 , 4 2 8 3 0 2 , 4 5 7 1 , 2 3 9 , 8 9 2 1 5 , 3 2 0 , 6 6 7 R e s e r v e b a l a n c e w i t h F . R- Bank 7 0 , 3 7 7 608,834 6 o j 4 2 86,951 3 0 , 6 i 4 27,197 1 7 0 , 8 3 2 37,704 1 7 , 9 5 0 4 1 , 0 2 3 20,240 69,401 1,241,465 Cash i n v a u l t 21,070 108,038 19,191 30,347 15,025 10,091 55,580 7,423 6,917 9,494 30,938 327,468 779,440 299,560 j & 8 , i 4 8 1 , 2 3 9 , 1 0 7 285,818 171,720 3 6 7 , 9 8 8 188,267 553,319 1 0 , 0 4 6 , 3 9 8 4 3 i , i 4 o 119,581 146,907 61,360 542,170 2,933,118 6,506 5,704 5,824 387,378 3,475 248 12,289 53 4,190 1,840 21,501 189 319,001 5,618 494 34,568 3,704 31,355 499 12,433 3,846 60,133 93,920 796,797 Net demand d e p o s i t s 702,384 4,635,931 604,716 Time d e p o s i t s 175,005 433,115 41,110 Government d e p o s i t s 26,977 214,445 3M2&- 32,940 8,576 2,744 28,682 10,656 6,29s B i l l s p a y a b l e w i t h F.R.Bank: S e c . by U . S . Govt, o b l i g . All other 10,181 97,418 39,314 26,4II 24,728 1,738 13,469 51,126 1,550 14,899 B i l l s r e d i s c o u n t e d w i t h F.R.Bank; S e c . by U . S . Govt, o b l i g . 8,645 All other 45,621 24,423 216,616 20,463 37,762 7,152 91,164 2,768 44,757 4,855 32,302 14,205 152,073 2,8.66 38,013 13,354 660,430 1 4 2 , 8 3 8 72,579 1 0 6 , 8 8 3 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 g , 1921, n o t e a r l i e r . St.2108c. PRINCIPAL RESOURCE AND LIABILITY ITBiS OF REPORTING MEMBER BANKS IN F . R. BANK AMD BRANCH CITIES AND ALL OTHER REPORTING BANKS ! ! (Amounts i n t h o u s a n d s of d o l l a r s ) A l l F . R. F. R. All 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 r e p o r t i n g banks June 29 June 22 J u n e 29 June 22 J u n e 29 June 22 June 29 J u n e 22 June 29 J u n e 22 Nxznber of r e p o r t i n g b a n k s 70 70 282 282 215 215 52 52 320 320 Loans a n d d i s c o u n t s i n c l u d i n g b i l l s r e d i s c * d . w i t h F-E.Eank: Loans s e c . b y U . S . G o v t . o b l i g . 240,701 241,351 102,648 63,229 61,159 473,087 104,897 472,705 82,312 25,770 Loans s e c . b y s t o c k s a n d bonds 1,096,144 1,086,449 2 , 1 0 3 , 4 7 4 321,520 4 7 7 , 6 1 2 421,908 325,796 2,089,736 478,745 424,005 All o t h e r loans and discounts 2,460,553 797,851 Total loans and d i s c o u n t s 3,798,101 3,788,353 1,186,876 1,184,054 7,914,885 7,894,030 2,067,197 2,070,926 1,891,159 1 ,898,113 U. S . U. SU. S . U. S . Other bonds Victory notes Treasury notes 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 bonds, stocks and s e c u r i t i e s Total loans and d i s c o u n t s , and investments including b i l l s r e d i s c o u n t e d w i t h F.R.Barik 265,071 72,897 72,965 128,851 559,691 262,408 72,731 75,811 131,063 559,973 4,897,576 4,890,339 564,745 568,126 123,297 123,552 920,869 929,34s 181,539 187,543 135,057 137,7 69 94,711 95,467 32,184 31,755 184,847 184,450 66,613 59,317 76,008 75,694 4,159,849 4,089,336 864,895 875,285 7,079,294 7,019,706 1,533,531 1,545,628 1,428,523 1,423,979 Time d e p o s i t s 270,496 262,015 318,288 315,483 1,354,289 1,345., 870 924,174 920,607 654,655 655,855 Government d e p o s i t s 208,443 251,102 16,437 20,054 313,080 380,773 43,088 44,304 31,210 37,411 73,286 73,153 20,08b 1,550 21,448 975 175,535 2,870 179,088 2,395 96,396 1,731 100,334 1,645 47,070 1,017 45,136 1,071 22,626 187,262 32,677 181,070 9,349 91,699 8,975 87,697 67,249 543,713 78,784 527,341 17,907 123,079 16,892 123,352 8,764 130,005 8,47s 123,040 5.8 5-9 g-0 8.0 8-1 8,2 7.4 7-0 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 B i l l s p a y a b l e w i t h F . R. Bank: S e c . by U, S . Govt, o b l i g a t i o n s All other B i l l s r e d i s c o u n t e d w i t h F . R. Bank: S e c . 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 b l e a n d r e d i s c o u n t s w i t h F.R.Barik t o t o t a l l o a n s a n d i n Digitized v fore sFRASER tments, per cent http://fraser.stlouisfed.org/ • Federal Reserve Bank of St. Louis 20,475 12,559 2,310 12,127 143,363 20,370 12,466 3,291 13,314 149,166 444.375 100.376 93,609 166,801 1,132,339 443,166 101,329 101,822 178,724 1,132,029 1,377,710 1,382,661 9,352,385 9,851,100 2,956,244 2,964,826 2,512,038 2,521,127 8-9 g.6 4 209,516 42,523 11,568 32,534 592,856 210,538 44,409 13,868 35,429 589,656 211,363 28,602 10,164 21,64c 349,110 210,487 23,734 12,167 23,413 348,213
@FedFRASER