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STATEMENT FOR THE PBESS Released for publication Monday mo rising, June 21; not earlier* St. 1228 „ _ Federal Reserve Board, June 19$ 1920% CONDITION OF MEMBER BANKS IN LEADING- CITIES Liquidation i n some volume of Treasury certificates and of loans based on Government and corporate securities, as against a slight increase in other loans and investments, i s indicated by the Federal Reserve Board1 s weekly statement of condition on June 11 of 812 member banks i n leading cities* Holdings of United States bonds and Victory notes show but nominal changes, while certificate holdings show a reduction of 22*2 millions for a l l reporting banks and of l6«7 millions for the member banks i n New York City. Loans secured by U. S.>: war obligations (war paper) f e l l off 3.9 millions, and loans secured by stocks and bonds - I5.7 millions. For the New York banks an increase of 2.1 millions i n war paper and a reduction of 13.9 millions in loans secured by stocks and bonds are noted. All other loans and investments show an increase of 7*5 millions for a l l re- porting banks and a reduction of 3*2 millions for the banks in New York City. As the result of these changest the aggregate loans and investments of a l l reporting institutions show a reduction of 33<9 millions, of which 30*9 nillions represents the decrease for the New York banks alone* Practically no change i s shown i n Government deposits, Other demand deposits (net) show an increase of about 59 nillions, a l l outside of New York City, while tine deposits show a gain of 2*5 millions. Total accommodation of reporting banks at the Federal Reserve B*riks shows a reduction for the week from 2,091*9 to 2,053*% millions, or from 12.2 to about 12 per cent of the >ariks* total loans and investments. For the New Yoxfc member banks, as a consequence of a slight increase in their borrowings from the Reserve Bank, this ratio shows an increase from 11.4 to 11 • 5 P e r cent. Of the total paper held under discount by the Federal Reserve Banks for a l l reporting institutions the share of war paper was 56 per cent. At the New York Reserve Bank this share was about 69 per cent, * Reserve balances at the Federal Reserve Banks show an increase of 8.7 millions for a l l reporting banks. The New York Federal Reserve Bank reports an increase of this item by 12*8 millions* Cash in vault shows a decline of 11*5 nillions, this decline corresponding to a reduction of I5.I millions i n Federal Reserve note circulation reported by the Reserve Banks the week before. Released f o r p u b l i c a t i o n Monday morning, June 21, 1920; not e a r l i e r . PRINCIPAL RESOURCE AND LIABILITY ITEMS OF REPORTING MEMBER BANKS IN LEADING- CITIES, (Amounts i n thousands of d o l l a r s ) June 11, 1920 June 4 , 1920 Number of r e p o r t i n g banks - - - - - - - - - - - - - - - - - - - - 812 . 812 S t . 1228a Dec. 12, 1919 796 June 13, 1919 771 U. S. bonds t o secure c i r c u l a t i o n _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ 269,534 269,370 269,850 268,566 Other U. S. bonds i n c l u d i n g Liberty bonds - - - - - - - - - - - - - - - - - - 605,167 604,609 628,728 636,292 U. S. Victory n o t e s - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 202,415 202,734 251,624 424,665 U. S, C e r t i f i c a t e s of indebtedness 581,189 603,441 792,722 1,422,736 1,942,924 2,752,259 Total U. S . s e c u r i t i e s - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - — _ _ _ _ _ _ _ _ _ _ _ _ 1,653,305 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 rediscounted w i t h F, R« Bank: Loans secured by U. S. war o b l i g a t i o n s - - - - - - - - - - - - - - - - - Loans secured by s t o c k s and bonds other 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 investments - - - - - - - - - - - - - - - - - - - - - - 1,040,215 3,095,337 11,254,011 1,044,084 3,111,033 11,246,502 Total l o a n s and investments, i n c l u d i n g b i l l s rediscounted w i t h F. R. Bank - 17,047,868 17,081,778 16,243,060 15,215,970 1,428,040 1,419,343 1,402,429 1,257,523 373,439 334,554 393,553 374,450 11,594,053 11,535,021 11,404,289 10,587,030 2,670,523 2,667,977 2,283,673 1,729,575 02,021 52,532 295,962 945,733 864,383 1,397 865,108 1,752 Reserve balance 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 - - - - - - - - - - - - - B i l l s payable w i t h Federal Reserve Bank: 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 Federal Reserve Bank: Secured by U. S . war o b l i g a t i o n s - - Ratio of U. S . war s e c u r i t i e s and war l o a n 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 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, per c e n t - - - - - - - - - r5:BS 14.3 1,680,154 u 1,342,773 3,249,062 ) 9,708,296 ) (a)l,400,052 (a)l0,789,472 971,714 ) 5,340 ) 1,119,496 322,204 ) 461,599 ) 274,187 18.6 14.4 (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 B- Banks. St 122Sb R e l e a s e d f o r publication Monday morning, June 21, 1920; not e a r l i e r . ^ mWTllW,c _ _ _ %oon " PRINCIPAL RESOURCE AND LIABILITY ITEMS OF ALL REPORTING MEMBER BANKS IN EACH FEDERAL DESERVE DISTRICT AT CLOSE OF BUSINESS JUNE 11, 1920. (Amounts i n t h o u s a n d s of do] Federal Reserve D i s t r i c t Mo. reporting banks .U*lItionnds t 0 s e c u r e CirCU~ Boston 46 12,311 New York Phila. 115 57 46,658 11,347 »0tLiLrtySbondsdS U. S. Victory notes 13,971 7,084 251,274 88,721 61,630 19,978 34,15% 7,896 28,509 ,193 • " % M e S 2 a t e S °f Total U. S. s e c u r i t i e s 34.972 247.422 *g,526 36,400 587338634,075 102,11b159,882 17.703 87,818 19,143 82,72; 65,9b5205,93< Loans and investments including b i l l s rediscounted with • P* 28,926 9,317 Clevel. Richm. Atlanta 92 82 47 41,874 28,061 14,120 Chicagc 107 21,545 » St.Louis Minn. Kans.Cy Dallas 46 San Fran Total 812 35 16,924 35 7,321 15,3H 19,573 67 34,485 61,47! 12,808 > 1 2,873 9,846 1,537 22,403 4,598 19,168 3,470 60,999 12,561 605,167 202,415 8,622 41,227 9,314 28,018 10,155 52,467 22,976 65,187 39.231 147,276 581,18^ 1,658,305 |:g x.gg |:g g:g gg J:g 83 269,534 111 I S IS I f gg Jig! Total loans and investments __ , rr Sth'1F1.n|.rBS£C0UntS 1,106,127 6,459,869 965,622 1,188,272 618,500 567,437 2,520,121 617,109 368,866 672,084 353,695 1,310,166 17,047,868 Reserve b a l a n c e w i t h F.R«Barik 1 Cash i n v a u l t - rr•• Net demand de Time d e p o s i t s 82,586 706,37s 65,047 97,883 38,200 35,543 190,707 40,782 22,611 43,758 25,121 79.424 1,428,040 25 356 123,655 17,481 34,366 18,251 13,656 69,123 9.912 8.551 16,179 10.858 26,051 373,439 : : % : : : : : : : : : : : %: : z : : : : " s s 3 A l l other B i l l s rediscounted with All other f 6 M T i 48^578 38.243 ^ 4 ^ 120.792 25,695 u.o£ 22.574 29.373 586:^ 1 6 S 36,032 864,383 s ± e i s e d f o r p u b l i c a t i o n Monday morning, June 21, 1920; n o t e a r l i e r . PRINCIPAL RESOURCE AND LIABILITY ITEMS OF REPORTING- MEMBER BANKS IN F . R. BANK Aim (Amounts i n t h o u s a n d s of d o l l a r s ) All New York C i t y C i t y of Chicago Bank June 11 June U June 11 June 4 J u n e 11 tmber of r e p o r t i n g banks 73 73 50 50 278 ". S. bonds to secure c i r c u l a t i o n 36,961 37,056 1,438 1,438 98,654 t h e r U.S.bonds, i n c l u d i n g L i b e r t y bonds 218,734 217,380 24,328 25,457 337,99% . s. Victory notes 78,634 79,066 12,407 12,567 109,178 , S. C e r t i f i c a t e s of Indebtedness 229.475 246.174 33,079 33,113 394,814 - T o t a l u. s» s e c u r i t i e s 563,804 579,676 71,252 72,575 94o,644 oans 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 secured by U.S. war o b l i g a t i o n s 483,4l0 481,274 74,766 75,442 795,302 Loans s e c u r e d by s t o c k s and bonds 1,167,308 1 , 1 8 1 , 1 7 3 338,537 337,573 2,179,167 A l l other loans and i n v e s t m e n t s 3.518,073 3 . 5 2 1 . 3 ^ 8 1 . 0 3 5 . 5 4 l 1.04?. 615 7.187.477 . 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 r e d i s c o u n t s with F . R. Bank 5,732,595 5,763,461 1,520,096 1,533,205 11,102,590 5t.lcc.Sc BRANCH CITIES AND ALL OTHER REPORTING BANKS. F . R. cities June 4 278 98,750 3^0,132 109,498 417.118 965,498 F . R. Branch c i t i e s June 11 June 4 198 198 70 , 883 70 , 883 145,338 143,748 53,038 52,668 120,389 119,756 389,648 387,055 All other r e p o r t i n g banks June 11 June 4 336 336 99,99 7 99 , 737 121,831 120,729 40,199 ^0,568 c5,98o 66,567 328,013 327,601 . 796,^93 138,929 140,352 105,984 2,199,931 499,467 489,775 ^16,703 7.177.114 2.169.920 2,162,318 l , 8 9 6 , 6 l 4 107,239 421,332 1,907,070 11,139,036 3,197,964 3,179,500 2,747,314 2,763,242 c s e r v e Balance w i t h F . R. Bank 661,989 649,228 134,168 135,009 1,054,534 1,046,684 209,683 208,187 163,823 164,472 lash i n V a u l t 108,692 111,955 38, 615 38,655 213,612 218,342 71,314 76,393 88, 513 90,159 4,770,222 4,772,021 967,084 961,590 8,100,789 8,062,423 1,782,032 1,,765,644 l , 7 H , 2 3 2 1,706,954 298,716 299,814 280, 840 278,860 1,212,241 1,210,062 871,059 871,600 587,223 586,315 22,478 22,480 3,629 3,876 37,370 37,790 8,542 8, 591 6,109 6,201 s i l l s p a y a b l e w i t h F . R. Bank: • Secured by U. S. war o b l i g a t i o n s U 1 other 319,325 310,928 51,078 51,109 573,300 573,548 179,171 974 179,199 893 111,912 923 112,361 859 i 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 otner , 135,939 206,009 128,289 219,657 7,794 163,348 6,267 176,651 242,885 635, 84o 235,261 671,531 31,469 137,037 31,941 144,615 16,965 122,937 16,767 124,858 17.8 9-5 9.6 14.7 14.9 14.3 l4.4 12.2 12-1 •et demand d e p o s i t s .ime d e p o s i t s government d e p o s i t s •'atio of U.S.war s e c u r i t i e s and war loan p a p e r 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 C'le&ing r e d i s c o u n t s w i t h F . R . B k . , p e r c e n t 17*6
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