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STATEMENT FOR THE PRESS St.2031. Released f o r p u b l i c a t i o n i n F e d e r a l Reserve Board F r i d a y a f t e r n o o n p a p e r s , June 10; June 9, 19 21. not e a r l i e r . CONDITION OF MEMBER BANKS IN LEADING CITIES L i q u i d a t i o n of $43,000,000 of l o a n s and of $16,000,000 of i n v e s t ments, a l s o i n c r e a s e d borrowings f r o m F e d e r a l Reserve b a n k s , a p p a r e n t l y in c o n n e c t i o n w i t h e n d - o f - m o n t h d i s b u r s e m e n t s by member banks, a r e i n d i c a t e d by t h e 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 m e n t of c o n d i t i o n on June 1 of 818 member banks i n l e a d i n g c i t i e s , Loans s e c u r e d by Government o b l i g a t i o n s show a r e d u c t i o n of $3,000,000 f o r the week, w h i l e l o a n s s e c u r e d by c o r p o r a t e s t o c k s and bonds i n c r e a s e d by $ 3 3 , 0 0 0 , 0 0 0 , and a l l o t h e r l o a n s and d i s c o u n t s , composed l a r g e l y of commercial and i n d u s t r i a l l o a n s p r o p e r , d e c l i n e d by $73,000,000., H o l d i n g s of a l l c l a s s e s of Government s e c u r i t i e s a r e shown s m a l l e r t h a n t h e week b e f o r e , those of U n i t e d S t a t e s bonds - by $7,000,000, those of V i c t o r y n o t e s - by $ 2 , 0 0 0 , 0 0 0 , and those of c e r t i f i c a t e s of i n debtedness - by $ 1 9 , 0 0 0 , 0 0 0 . Holdings of o t h e r , l a r g e l y c o r p o r a t e , s e c u r i t i e s , show an i n c r e a s e of $ 1 2 , 0 0 0 , 0 0 0 . As a consequence of t h e s e changes, t h e b a n k s ' t o t a l l o a n s and i n v e s t m e n t s a r e shown on June 1 $59,000,000 below t h e May 25 amount. For the member banks i n New York C i t y , t h e f o l l o w i n g changes i n l o a n s and i n v e s t m e n t s a r e shown; a d e c r e a s e of $ 2 , 0 0 0 , 0 0 0 i n 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 ; an i n c r e a s e of $38,000,000 i n l o a n s s e c u r e d by s t o c k s and bonds, and a d e c l i n e of $47,000,000 i n o t h e r , l a r g e l y commercial, l o a n s ; h o l d i n g s of Government s e c u r i t i e s d e c r e a s e d by $9 000,000, w h i l e t h o s e of o t h e r s e c u r i t i e s i n c r e a s e d by $10,000,000, and t o t a l l o a n s and i n v e s t m e n t s were $10,000,000 lower than t h e week b e f o r e . Accommodation of r e p o r t i n g banks a t t h e 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 , 3 2 9 , 0 0 0 , 0 0 0 t o $ 1 , 3 8 5 , 0 0 0 , 0 0 0 , c o n s t i t u t i n g 9 . 1 p e r c e n t of t h e b a n k s ' t o t a l l o a n s and i n v e s t m e n t s on June 1, compared w i t h 8 . 7 p e r c e n t the week b e f o r e . For the New York C i t y members an i n c r e a s e of accommodation f r o m $405,000,000 to $423,000,000 and of t h e r a t i o of accommodation from 8 . 3 to 8 . 7 p e r c e n t i s n o t e d . Met w i t h d r a w a l s of Government d e p o s i t s f o r t h e week a g g r e g a t e d $65,000,000. Other demand d e p o s i t s ( n e t ) show an i n c r e a s e of $123,000,000, a p p a r e n t l y c a u s e d i n l a r g e p a r t by t r a n s f e r from time d e p o s i t s , which show a d e c r e a s e of $118,000,000 f o r the week, f o l l o w i n g a commensurate i n c r e a s e two weeks b e f o r e . At New York C i t y Government d e p o s i t s show a d e c l i n e of $28,000,000, o t h e r demand d e p o s i t s - an i n c r e a s e of $130,000,000, and time d e p o s i t s - a r e d u c t i o n of $ 9 5 , 0 0 0 , 0 0 0 . In k e e p i n g w i t h the i n c r e a s e i n demand d e p o s i t s , the r e s e r v e b a l a n c e s of r e p o r t i n g banks w i t h t h e F e d e r a l Reserve banks show an i n c r e a s e of _ $6 000 000 f o r the week, t h e i n c r e a s e f o r the New York C i t y memoers b e i n g $ 7 , 0 0 0 , 0 0 0 . Cash i n v a u l t d e c l i n e d by $8,000,000 w i t h a l l r e p o r t i n g banks and b y ' $ 5 , 0 0 0 , 0 0 0 w i t h member banks i n New York C i t y . 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 , June 10, 1921; n o t e a r l i e r . PRINCIPAL RESOURCE AND LIABILITY ITEMS OF REPORTING MEMBER BANKS IN LEADING CITIES St.2031a. Bee. 3, 1920 823 J u n e 4, 1Q20 812 11,985,131 706,929 3,004,131 8.317.710 12,028,770 900,878 3,050,022 (a) (a) 1,043,804 3,111,038 (a) • (a) 863,217 870,185 883,034 873,414 186,412 188, 234 196,279 203,299 - - - 184,086 203,422 276,145 603,441 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 & 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 1 d . w i t h F.R,Bk. - 2.067.791 15,286,637 2.055,431 15,346,042 (a) 16,630,185 (a) 16,926,1Q0 R e s e r v e b a l a n c e w i t h F . R. Bank - - - - - - - - - - - - - - - - - - - - - - 1,257,617 1,251,717 1,332,081 1,419,343 318,165 326,340 375,887 384,894 10,276,490 10,153,356 10,837>7S 11,536,371 2,935,578 3,053,345 2,222,24o 2,667,977 74,221 139 > 2 1 17,503 52,582 400,945 2,177 396,235 2,033 623,018 2>55 865,108 1,752 137,746 843,847 163,726 767,307 253,9H 1,330,455 283,969 941,004 9-1 8-7 June 1 , 1921 818 Number of r e p o r t i n g b a n k s - - - - - - - - - - - - - - - - - - - - - - - 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 r e d i s c c s 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 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 - - - - - - - - - - - - - - - - - - - T o t a l l o a n s arid d i s c o u n t 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 - - - _ _ _ _ _ _ _ - B i l l s p a y a b l e w i t h F e d e r a l Reserve Bank: S e c u r e d by U, S. Govt, o b l i g a t i o n s _ _ _ _ _ _ _ _ _ _ _ _ _ _ — 703,781 3,036,969 8,244.381 - 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: 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 and r e d i s c o u n t s wijh 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 cent _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ May 25, 1921 820 (a) 15-3 Comparable f i g u r e s n o t a v a i l a b l e 1.2.4 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 , June 10, 1921; n o t e a r l i e r . St.2031b. PRINCIPAL RESOURCE AM) LIABILITY ITEMS OF ALL REPORTING MEMBER BANKS IN EACH FEDERAL BE,SERVE DISTRICT AT CLOSE OF BUSINESS JUNE 1, 1921. (Amounts 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 B o s t o n Mew 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. Kans.Cy. D a l l a s San F r a n . Total Number r e p o r t i n g b a n k s ^ H3 58 88 82 43 113 37 '35 80 52 68 818 Loans and d i s c o u n t i n c l u d ing b i l l s rediscounted w i t h F , R . Bank: Loans s e c . b y U . S . G o v t . o b l i g . 37,598 308,669 73 > 5 8 61,709 26,021 19,970 85,820 20,331 12,960 21,652 6,954 28,639 703,781 Loans s e c . b y s t o c k s and bonds 193,820 1 , 2 9 0 , 3 2 5 1 9 3 , 7 2 5 337,790 113,137 55,594 4 0 , 6 7 5 117,804 35,717 71,879 37,727 1^8,776 3 , 0 3 6 , 9 6 9 All other loans & discounts 618,456 2 . 7 8 8 . 5 9 2 386.740 666.590 326,776 307.090 1 . 2 5 3 . 4 6 6 314,345 225.825 384.707 216,694 754,600 8 , 2 4 4 , 3 8 1 T o t a l l o a n s and d i s c o u n t s 849,874 4 , 3 8 7 , 5 2 6 653,923 1 , 0 6 6 , 0 8 9 465,934 382,654 1 , 7 8 0 , 4 6 1 452,480 274,502 478,238 261,375 932,015 11,985,131 U . s . bonds 33,071 U. S , V i c t o r y n o t e s 6,058 U . S , C e r t i f i c a t e s of indebtedness 7,383 Other b o n d e , s t o c k s & s e c u r i t i e s 128.692 308,303 83,749 46,573 8,286 98,994 20,845 60,537 6,071 34,085 3,131 72,629 33, ^31 25,832 2,027 16,299 1,360 31,876 3,234 33,047 1,228 101,971 lo,992 863,217 186,412 85,250 1 6 , 1 3 8 744.410 1 5 7 . 3 6 2 13,873 284,023 3,773 50.264 1,899 35.876 26,270 351.587 720 66.6q4 1,046 20,190 6,462 46,828 1,885 9.979 19,387 171.886 184,086 2,067.791 T o t a l l o a n s 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.Bk. 1 , 0 2 5 , 0 7 8 5 , 6 0 9 , 2 9 8 8 8 2 , 2 8 2 483,824 586,579 4 5 7 , 6 4 5 2 , 2 6 4 , 3 7 8 547,753 313,397 566,63s 307,514 1 , 2 4 2 , 2 5 1 1 5 , 2 2 6 , 6 3 7 R e s e r v e b a l a n c e w i t h F . R, Bank 74,902 609,9 ^4 60,748 90,756 30,252 28,480 176,614 37,242 16,696 40,590 22,649 68,744 1,257,617 Cash i n v a u l t 22,846 106,l6l 17,066 30,158 15,148 9 >13 56,060 7,699 6,477 12,496 9,649 24,992 318,165 Net demand d e p o s i t s 732,921 4 , 7 0 3 , 6 ^ } 621,630 817,618 305,337 217,378 1 , 3 0 0 , 3 7 8 286,393 176,288 3 6 7 , 7 9 4 196,344 Time d e p o s i t s 177,477 443,196 41,511 428,899 120,066 145,881 6,103 32,806 7,40b 7,62s 1,939 550 7,977 2,516 2,231 l,7H 14,090 - 148,465 - 46,869 - 29,858 35 27,068 15,017 54,129 75 15,301 2,587 24g 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,l45 All other 60,015 55,139 275,698 32,926 36,533 6,4o4 79,73b 2,842 4l,l4i 6,118 31,377 13,857 l 4 i , 6o4 3,005 37,352 815 31,903 Government 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 . All other 656,048 143,377 71,505 1 0 4 , 4 9 4 550,759 1 0 , 2 7 6 , 4 9 0 61,594 541,530 2,935,578 649 2,705 74,221 9,808 53 4,697 1,318 33,056 448 400,945 2,177 3,44l 35,350 589 11,786 4,465 60,852 137,746 843,847 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 , June 10, 1^21; n o t e a r l i e r . St.20jlc. PRINCIPAL RESOURCE AND LIABILITY ITEMS OF REPORTING ME-5BER BANKS IN F . R. BANK ArTB BRANCH CITIES AND ALL OTHER REPOPTINS BI"":?. (Amounts 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. All other Branch c i t i e s Bank c i t i e s C i t y of Chicago r e p o r t i n g banks New York C i t y June 1 May 25 June 1 May 25 June 1 May 25 June 1 May 25 May 25 June 1 215 216 283 284 320 320 52 52 71 71 Number of r e p o r t i n g b a n k s 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 r e d i s c * d . w i t h F.R.Bank: 104,649 105,325 62,080 59,206 515,350 518,107 83,782 83,497 284,144 286,275 Loans s e c . b y U . S . G o v t . o b l i g , 4 8 4 , 4 3 2 485,47c 424,690 4 2 2 , 2 8 4 320,251 324,370 2,127,247 2 , 0 9 6 , 3 6 8 1,126,611 1,028,485 Loans s e c , b y s t o c k s a n d bonds 801^218 799,509 5,375,749 5 , 4 3 0 , 0 3 3 1 , 4 7 5 , 5 9 7 1 . 4 8 7 , 9 : 3 1 , 3 9 3 , 0 3 5 1 . 3 9 9 . 7 7 4 1 , 1 8 3 , 6 7 9 1 , 1 8 3 , 0 8 5 8 , 0 1 8 , 9 4 6 8 , 0 4 4 , 5 0 8 2 , 0 6 4 , 6 7 8 2,078,707 1 , 9 0 1 , 5 0 7 1 , 9 0 5 , 5 5 5 3,894,095 3,905,537 217,874 50,603 4o,996 583,981 208,9 82 31,734 27,431 344.076 20,089 13,209 13,208 147.065 44l,007 104,737 121,082 1.138.607 443,329 105,897 134,995 1.127,374 1,376,134 1 ,376,656 9,824,379 9 , 8 5 6 , 1 0 3 2,948,197 2 , 9 7 2 , 1 6 1 2 , 5 1 4 , 0 6 1 2 , 5 1 7 , 7 7 8 263,269 74,*125 79,865 570.053 264,104 7M33 86,862 559,787 4,821,407 4,890,923 561,141 553,973 126,183 130,534 921,993 518,150 188,845 191,114 146,779 142,453 92,604 97,721 32,252 31,897 183,515 189,371 60,548 60,647 74,102 76,322 4,216,969 4,086,721 913,941 905,302 7,230,452 7 , 1 1 7 , 4 3 4 1 , 5 7 8 , 9 9 3 1 , 5 8 0 , 4 6 5 1 ,467,045 1 , 4 5 5 , 4 5 7 281,559 376,267 314,33^ 315,517 1,361,359 1,459,293 918,341 915,648 655,878 678,4o4 31,664 59,403 4, 268 8,l6l 57,426 107,824 11,811 22,034 4,984 9,563 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 121,287 116,395 20,639 75 20,969 SO 245,442 1,050 237,634 955 103,765 736 109,010 723 51,738 331 49,591 355 B i l l s r e d i s c o u n t e d w i t h F . R, Bank: Sec, by U, S. Govt, o b l i g a t i o n s All other 53,517 248,302 78,060 210,883 8,543 79,344 8,410 79,326 109,861 609,576 136,148 532,262 18,449 110,368 18,482 110,076 9,436 123,903 9,096 124,969 8.7 8.3 7-9 7-9 9.8 7-9 8.0 7*4 7-3 T J. S . U. S . TJ. S . Other bonds Victory 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, s t o c k s a n d 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 including b i l l s r e d i s c o u n t e d w i t h F.R.Bank 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 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 . B k . , t o t o t a l l o a n s and i n vestments, per cent # 20,331 12,791 11,596 147,737 9-2 212,917 50,306 37,535 552.761 209,293 31,369 25,469 346,423 .
@FedFRASER