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STATEMENT .FOE.. THE-PRESS E e l e a s e d f o r p u b l i c a t i o n Monday morning June l 4 , 1920; not e a r l i e r . - —- -— S t , 1211 F e d e r a l Reserve Board, June 12, 1$20, CONDITION OF MEMBER BANKS IN LEADING- CITIES Moderate i n c r e a s e s i n commercial loans* as. a g a i n s t f u r t h e r r e d u c t i o n s i n the h o l d i n g s of Treasury c e r t i f i c a t e s and of war l o a n p a p e r , accompanied by l a r g e r i n c r e a s e s of borrowings f r o m the F e d e r a l Reserve Banks, 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 s t a t e m e n t showing c o n d i t i o n on June 4 of S13 member banks i n leading c i t i e s . United S t a t e s bond and V i c t o r y n o t e h o l d i n g s show a nominal i n c r e a s e of 1*5 m i l l i o n s , w h i l e h o l d i n g s of Treasury c e r t i f i c a t e s show a f u r t h e r d e c l i n e of 5'S 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 9.S City. toillions f o r t h e member banks i n New York Loans s e c u r e d by U. S* War o b l i g a t i o n s (War p a p e r ) d e c l i n e d 17•6 m i l l i o n s , l a r g e l y i n New York C i t y , and l o a n s s e c u r e d by s t o c k s and bonds - 4 , 5 m i l l i o n s , though t h e New York City banks r e p o r t a n i n c r e a s e under t h i s head of 6*4 m i l l i o n s * A l l o t h e r l o a n s and i n v e s t m e n t s , made up l a r g e l y of commercial l o a n s and d i s c c u n t s , i n c r e a s e d by 30*S m i l l i o n s and e l i g h t l y more i n New York City* As a consequence, 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 show an i n c r e a s e f o r the week of 4«5 m i l l i o n s , a s a g a i n s t a n i n c r e a s e of 15*2 m i l l i o n s r e c o r d e d f o r t h e member banks i n New York C i t y . Net 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 t o t a l e d about 23 m i l l i o n s , w h i l e o t h e r demand d e p o s i t s ( n e t ) show a d e c l i n e of 2 4 . 1 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 64.8 m i l l i o n s f o r the New York City b a n k s . Time d e p o s i t s show a g a i n of 2 2 , 3 m i l l i o n s , a l l o u t s i d e of New York City* Total accommodation a t t h e F e d e r a l Reserve Banks i n c r e a s e d f r o m 2,o6o»l to 2 , 0 9 1 . 9 m i l l i o n s , or from 1 2 . 1 to 1 2 . 2 p e r c e n t of t h e t o t a l l o a n s and^investments of the r e p o r t i n g i n s t i t u t i o n s . f r o m 1 0 , 6 t o 11,4 p e r c e n t . For t h e New York banks t h i s r a t i o shows an i n c r e a s e Of t h e t o t a l p a p e r h e l d under d i s c o u n t by the F e d e r a l Reserve Banks f o r r e p o r t i n g member banks, the s h a r e of war p a p e r was 55 P e r c e n t , At the New York Reserve Bank, t h i s s h a r e was. a b o u t 6? p e r cent* F e d e r a l Reserve b a l a n c e s show a n i n c r e a s e of 3*9 m i l l i o n s f o r a l l r e p o r t i n g i n members s t i t u t i o n s . For t h e New York C i t y / a d e c r e a s e i n t h i s i t e m of a b o u t S m i l l i o n s i s noted. Cash i n v a u l t , l a r g e l y F e d e r a l Reserve n o t e s , i n c r e a s e d 2 2 . 2 m i l l i o n s , a l l c l a s s e s of i n s t i t u t i o n s showing a d d i t i o n s under t h i s h e a d . Released, f o r p u b l i c a t i o n Monday morning, June lU, I92O; n o t e a r l i e r . PRINCIPAL RESOURCE AUD LIABILITY ITEMS OE REPORTING KHCBER BANKS IN LEADING CITIES. —. (Amounts i n thousands of d o l l a r s ) June 4 , 1920 May 28, 1920 Number of r e p o r t i n g "banks 813 814 U. S . bonds to s e c u r e c i r c u l a t i o n O t h e r U. S . bonds i n c l u d i n g L i b e r t y bonds U. S, Victory 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 T o t a l U. S . s e c u r i t i e s Loans and i n v e s t m e 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.. war 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 than 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 i n v e s t m e n t s T o t a l 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 b i l l s r e d i s c o u n t e d w i t h F . R« Bank:Reserve 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 w i t h F e d e r a l Reserve Bark; Secured "by U. S . war 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 Reserve Bank: Secured by U. S . war o b l i g a t i o n s All other _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ R a t i o of U. 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 S t . 1211a Dec. 5, 796 1919 June 6, 1919 770 269,370 270,304 269,425 269,131 604,609 601,984 631,374 636,978 202,734 202,890 256,465 447,885 603,441 609,186 862,017 1,514,452 1,680,154 1,684,364 2,019,281 2,868,446 1,061,590 11,246,502 3,115,454 11,215,748 1,348,277 3,2L4,S45) 9,6c6,ii5) (a)10,656,681 17,081,737 17,077,156 16,178,518 15,196,923 1,^19,3%3 1,415,397 1,406,193 1.303,769 384,894 362,749 355,987 368,882 11,535,021 11,559,093 11,203,994 10,375.244 2,667,977 2,645,705 2,270,678 1,727,163 52,532 75,599 415,063 1,180,592 865,108 1,752 866,511 1,438 980,186) 4,942 ) 1,084,182 283,969 292,925 320,170 ) 14.4 14.5 19-1 1,044,043 3,111,038 94I,oo4 899,264 419,428 ) (a)1,420,58I 251,215 (a,) E x c l u s i v e of r e d i s c o u n t s w i t h F . R. Banks. • Released f o r p u b l i c a t i o n Monday morning, June l4,1$20; n o t e a r l i e r . S t . 1211b PRINCIPAL RESOURCE AND LIABILITY I K S OF ALL REPORTING MEMBER B/2BCS IN EACH FEDERAL RESERVE DISTRICT AT CLOSE OF BUSINESS JUNE 4, 1$2Q. F e d e r a l Reserve D i s t r i c t No» r e p o r t i n g banks 'U« S. bonds t o secure c i r c u lation Other U. S . bonds i n c l u d i n g L i b e r t y bonds U. S. V i c t o r y n o t e s U« S. C e r t i f i c a t e s of indebtedness T o t a l U. S. s e c u r i t i e s Boston 46 New York 116 Phi l a . 57 Clevel» 92 Richm82 Atlanta 47 Chicago St * Louis Minn * Kans.Cy« 107 35 '• 35 83 Dallas 46 San F r a n . 67 Total 813 12,311 46,753 11,347 4 i , 874 27,979 14,015 21,526 16,925 7,271 15,311 19,573 34,485 269,370 14,029 7,143 249,733 29,633 9,374 60,002 19,591 34,227 7,980 28,312 4,263 61,711 40,155 12,445 9,815 2,706 1,519 19,161 61,659 12,741 604,609 202,734 650,004 53.422 103,776 36.072 157,539 18.252 88,438 19.134 65,724 82.798 206,190 8.657 10.540 22.690 42,090 27,262 54,113 64,S70 , 39.775 148,660 603.441 1,680,154 Loans and i n v e s t m e n t s i n c l u d ing b i l l s rediscounted with F- R. Bank: Loans s a c . b y U.S.war o b i i g . 57,815 510,816 Loans s e c . b y stocks&bonds 190,780 1,337,055 A l l o t h e r l o a n s & i n v e s t a e n t s 7 8 6 , 8 7 5 3.995.396 T o t a l loans 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 1,106,958 6,493,271 95,4i4 196,694 568.563 338,229 895.969 38,005 71,488 89,436 264.082 964,447 1,471,297 619,177 563,716 2,532,036 626,552 373,95*8 676,22s 354,133 38,482 33,117 191,569 40,432 23,979 42,628 23,483 696,505 65,387 98,334 Cash i n v a u l t 25,948 127,578 18,203 35,446 19,l4l 8 2 3 , l 4 s 5,306,276 669,937 829,214 348,383 103,978 151,783 f i n e deposits. 'j 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*B,Barik: Sec.by U.S.war o b l i g a t i o n s _All o t h e r B i l l s rediscounted with F . R. Bank: Soc.by U.S.war o b l i g a t i o n s « All other 10.014 35,217 2 7 , 5 8 1 109,905 39,102 18,005 24,969 11,729 107,04l 59,2l6 456,897 129,653 3 1 , 8 3 1 79,185 36,081 188.481 411.195 1.759.044 415.707 296.860 517.961 241.495 84,982 . 3,446 8Q,l6o Reserve b a l a n c e w i t h F.R.Bank Net demand d e p o s i t s 23,882 4,380 14,445 69,975 10,511 9,122 15,463 33,330 l , o 4 4 , o 4 ] 148,376 3 , 1 1 1 , 0 3 8 968.998 11.246.S02 1,299,364 17,081,737 80,445 1,419,34] 11,969 27,093 384,294 287,194 i,4o4,705 307,947 223,450 419,752 232,098 622,917 11,535,021 622,936 124,138 63,658 98,936 49,192 508,059 2,667,977 3,272 52,582 137,613 409,483 32,774 365,427 3,402 23,264 3,5l4 5,676 1,182 764 7,072 1,924 160 1,652 700 38,314 - 346,512 - 87,381 - 43,576 36 48,553 673 39,287 3^8 122,106 28,806 - 11,647 250 27,821 60 32,807 - 3 8,298 385 - 865,108 1,752 28,172 131,999 55,790 15,855 41,655 7,325 5,934 12,875 242,815 13,567 77,538 3,464 48,656 5,420 1,184 17,368 2,384 283,969 56,917 237,863 25,274 29,608 45,142 59,913 58,255 941,oo4 R e l e a s e d f o r p u b l i c a t i o n Monday morning, June lU, 1920; n o t e a r l i e r . St.1211c r PRINCIPAL RESOURCE AND LIABILITY ITEMS OF REPORTING MEMBER BASKS IN F . R. BANK AND BRANCH CITIES AND ALL OTHER REPORTING BANKS. (Amounts i n thousands of dollars') A l l F . R. F . R. A l l other New York City 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 4 May 28 June 4 May 28 June 4 May 28 June 4 — May 28 June 4 May 28 Number of r e p o r t i n g banks ?4 j4 50 50 279 279 198 198 336 337 "U. S. bonds to secure c i r c u l a t i o n 37,056 37,701 1,438 1,438 98,750 100,045 70,883 70,883 99,737 99,376 Other U.S.bonds, i n c l u d i n g L i b e r t y bonds 217,380 216,232 25,457 26,360 340,132 337,770 143,748 144,296 120,729 119,918 ~ u . s . Victory notes _79,066 79,188 12,567 12,4i4 109,49s 109,121 52,668 53,017 4o,56s 40,752 , U. S . C e r t i f i c a t e s of Indebtedness T ot al U. S. s e c u r i t i e s 579,676 589,164 384jo4 74,034 327,601 72,575 965,49s 327,011 972,649 - 387,055 Loans and investments 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. war o b l i g a t i o n s 481,274 494,941 l 4 l ,422 75,442 l4o,352 107,198 108,167 77,089 7 9 6 , ^ 3 • 812,001 Loans s e c u r e d by s t o c k s and bonds 1,181,173 1,174,846 337,573 340,553 2,199,931 2,197,810 489,775 492,703 421,332 424,941 All o t h e r l o a n s and investments 3,521,338 3.489.300 1.047.615 1.048,603 7,177,11^ 7.i35.l4o 2,162,31s 2.ISO,853 1.907,070 1,899,755 T o t a l l o a n s and investments 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 5,7^3,46i 5,748,251 1,533,205 1,540,279 11,139,036 11,117,600 3,179,500 3,199,682 2,763,201 2,759,874 Reserve Balance w i t h F . R. Bank 649,228 657,189 135,009 132,423 1,046,684 1,045,205 208,187 204,364 164,472 165,828 Cash i n v a u l t 111,955 107,294 33,655 36,143 218,342 205,444 76,393 73,013 90,159 84,292 4,772,021 4,236,774 961,590 973,969 8,062,423 S,114,779 1,765,644 1 ,749,356 1,706,954 1,694,95s 299,814 300,016 273,860 277,555 1,210,062 1,192,973 871,600 869,140 526,315 583,587 22,480 34,212 3,876 4,742 37,790 55,430 8,591 11,880 6,201 8,289 B i l l s payable w i t h F . R. Bank: Secured by U. S. war o b l i g a t i o n s All o t h e r 310,928 296,553 51,109 54,094 573,548 570,741 179,199 893 181,643 . 112,361 114,127 859 773 ' B i l l s r e d i s c o u n t e d w i t h F . R„ Bank: Secured by U. S. war o b l i g a t i o n s All other 128,289 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 U.S.war s e c u r i t i e s and war loan paper to t o t a l l o a n s and i n v e s t m e n t s , i n > e l u d i n g r e d i s c o u n t s w i t h F . R . B k , , p e r cent 219,657 1J.8 135,715 177,322 18.2 6,267 176,651 9.6 4,480 165,912 9.7 665 16,767 235,261 671,531 243,148 622,302 31,941 144,615 152,27s 124,858 14.9 15.2 14,4 14.2 12.1 32,734 16,993 124,684 12.2
@FedFRASER