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STATEMENT FOR THE PRESS St. 252^. Released for publication Friday afternoon, June 9; not earlier. Federal Reserve Board, June 8, 1922. CONDITION OF MEMBER BANKS IN LEADING CITIES. Further net additions of $49,000,000 to investments in corporate securities and of $46,000,000 to loans protected by such securities, as against a very moderate increase in total investments in government securities and net liquidation of $65,000,000 in ordinary commercial and other loans,are indicated in the Federal Reserve Board's weekly statement of condition on May 3^ 799 member banks in leading cities. For member banks in New York City, the statement shows net increases of $26,000,000 in investments in corporate securities, of $28,000,000 in loans based upon such securities and of $14,000,000 in government securities owned, as against a reduction of $40,000,000 in other loans and discounts. Total loans and investments show an increase for the week of $34,000,000, of which $29,000,000 represents the increase for the member banks in New York City. No changes are shown in government deposits; time deposits declined by about $11,000,000 ($7,000,000 in New York City) while other demand deposits (net) show an increase for the week of $96,000,000, largely through accumulation in New York City of balances due to correspondent banks in anticipation of payments for tax certificates of the June 1 series. Total borrowings from Federal reserve banks declined from $166,000,000 to $157,000,000, or from 1.1 to 1 per cent ot the reporting banks' aggregate loans and investments. For member banks in New York City a reduction from $23,000,000 to $6,000,000 in borrowings from the local reserve bank, and from 0.5 to 0.1 per cent in the ratio of these borrowings to total loans and investments is noted. Reserve balances declined by $39,000,000, largely in New York City, while cash in vault shows a nominal decrease of about $1,000,000, Following is a statement of changes in the principal items, as compared with a week and a year ago: Increase or Decrease In millions of dollars since May 24, 1922 JTine l t 1921 Dec. 1,090 17 Loans and discounts - total Dec. Dec. 399 1 Dec. Secured by U, S. Government obligations Inc. 452 46 Inc. Secured by stocks and bonds Dec. 1,143 62 Dec. All other Investments, total U, S. bonds Victory notes U„ 5. Treasury notes Treasury certificates Other stocks and bonds Inc. Dec. Inc. Dec. Dec. Inc. Reserve balances with F. R. Banks Cash in vault Dec. Dec. Government deposits Net demand deposits Time deposits Inc. Dec. Total accommodation at F. R. banks Dec. Inc. Inc. Dec. Inc. Dec. Inc. 823 39 Inc. Dec. 107 35 5s 96 Inc. Inc. Inc. 296 Dec. 1,228 5 i 9 2 1 49 1 11 318 ,7) 418 60 220 773 Released for publication, Friday afternoon, June 9, 1932; not earlier. PRINCIPAL RESOURCE AND LIABILITY ITEMS OF REPORTING MEMBER BANKS IN LEADING CITIES. (Amounts in thousands of dollars) May 31, 1922 May 24, 1922 Nov. 30, 1Q21 Number of reporting banks ygg 799 go? Loans and discounts, including bills rediscounted with F. R. Bank: Secured by U. S. Govt, obligations 3l6,8l6 317,712 521,885 Seer red by stocks and bonds (other than U. S. securities) 3,488,765 3,442,848 3,113,709 All other loans and discounts 7.100.636 7.162.475 7.699.365 28a 3a. June 1, 1921 SIS 715,781 3,035,969 .2^24.1,622 10,906,21? 10,923,035 11,334,959 11,996,403 1,180,570 1,184,600 9*1,369 863,217 112,754 103,744 155,77^ 186,412 U. S. Treasury notes 4l7,553 419,703 122,69? U. S. Certificates of indebtedness 123,838 125,263 188,479 184,086 _ _ _ _ _ _ _ 2,287.7 79 2.238.527 2.051.236 2.067.791 Total loans & discounts & invest.,including bills redis'd.with F.R.Bk.- - 15,028,711 14,994,872 14,764,514^ 15,297,909 1,364,418 1,403,4?1 1,267,522 1,257,617 279,82? 280,842 296,053 318,165 11,049,461 10,953,^38 10,269,9?! 10,276,490 3,231,920 3,242,943 2,997,931 2,935,578 132,271 131,874 128,104 74,221 Bills payable with Federal Reserve Bank: Secured by U. S. Govt, obligations All other 66,759 215 70,545 221 238,19? 1,555 400,945 2,177 Bills rediscounted with Federal Reserve Bank: Secured by U. S, Govt, obligations - - - - - - - - - - - - - - - - - - All other - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 1,686 88,122 2,039 93,155 38,257 405,452 137,746 843,84? 1.1 4.6 9-1 Total loans and discounts U. S. bonds U. S. Victory notes - Other bonds, stocks and securities Reserve balance with F. R. Bank - - - - - - - - - - - - - - - - Cash in vault Net demand deposits - - - - - - - - - - - - - - - - - - - - - - - - - - - Time deposits Government deposits - - - - - - - - - - - - - - - - - - - - - - - - - - - - Ratio of bills payable and rediscounts with F. R, Bank to total loans and investments, per cent - - - - - - - - - - - - - - - - - 1.0 Released for publication, Friday afternoon, June 9, 1922; not earlier. PRINCIPAL RESOURCE AMD LIABILITY ITEMS OF ALL REPORTING- MEMBER B A M S IN EACH FEDERAL RESERVE DISTRICT AT CLOSE OF BUSINESS, MAY jl, -9<^(Amounts in thousands of dollars) Federal Reserve District Number of reporting banks Loans and discounts, including bills rediscounted with All Other loans & discounts Total loans and discounts U. S. bonds Boston 49 New York 106 Phi la. 57 560.956 2,253,073 316,686 725,624 4,02b,235 554,873 Cleve. S4 Rich, SI Atlanta 42 Chicago 109 St.Louis Minn. 37 35 Kans.Cy. Dallas /9 52 $1 | g ar i t \- an * vqq 623.946 305,197 256,993 1.045.362 275,910 194,487 35*,*76 189,660 990,081 429,237 354,445 1,586,510 414,495 235,346 428,026 237,786 ftg,UqO 7,100,6)6 860,559 10,906,217 | : g 3.g:| 77,234 485,401 51,196 136,742 56,186 25,247 115,515 26,378 19,957 47,635 32,816 106,263 1,180,570 3,835 61,663 12,316 7,321 766 744 10,393 2,505 290 2,079 1,250 9,592 112,754 U. s. Treasury notes 14,979 270,316 15,134 21,844 4,056 1,708 43,409 7,284 8,219 5,350 6,257 13,997 417,553 indebtedness^65 2,144 . 53.211 U. S. Victory notes Other bonds,stocks & securities 162,694 5,219 4,703 833,177 183,24 3 275 , 746 2.525 . ..3,05* . 51,717 33,281 4,224 404,225 9^,205 5,913 23,049 53,242 . 5.625 8,290 15,928 164,910 12), 2,287,779 Total loans and disccunts and investments, including bills rediscounted with F» R, Bk. 1>049,510 5,730,005 821,981 1,436,437 544,287 418,479 2,175,544 549,091 292,559 542,245 292,024 1,176,249 15,028,711 76,779 1,364,418 187,150 46,086 20,992 46,305 21,752 660,SS7 64,900 97,896 32,978 27,008 81,685 Reserve balance with F* B, Bank Cash in vault 18,065 85,232 14,170 26,659 13,755 9,909 52,768 7,255 6,413 11,912 812,106 312,067 238,750 1,422,458 313,504 184,126 418,750 209,587 Net demand deposits 782,250 5,091,125 662,943 Time deposits 213,512 590,187 50,369 10,857 47,534 9,261 13,196 4,214 3,456 17,958 4,956 5,282 2,536 Bills payable with F.R.Bank: Secured by U* S.Govt > oblig. All other 4,277 10,217 12,625 16,229 5,788 218 7,129 3,878 451 1,157 Bills rediscounted with F.TLBank Secured by U.S.Govt.oblig. Xll other 94 7,927 174 10,404 510 5,07s 92 12,606 199 10,295 40 2,701 315 8,433 90 11,601 2,395 92 3,321 Government deposits 10,362 475,271 141,551 147,724 667,576 158,346 76,536 110,745 20,327 279,827 601,795 11,049,461 65,500 534,573 3,231,920 2,894 10,127 132,271 4,790 215 66,759 215 70 10,437 1,686 88,122 - 10 2,921 [Released for publication Friday afternoon, June 9, 1922; not earlier St,2825c. -. PRINCIPAL RESOURCE AND LIABILITY ITEMS OF REPORTING MEMBER BANKS IN F. R. BANK AND BRANCH CITIES AND IN OTHER SELECTED CITIES. .... (Amounts in thousands of dollars) Other F. R. All F. R. New York City selected cities City of Chicago Branch cities Bank cities May 31 ' May 24 May 31 May 24 May 31 ' May 24 May 31 May 24 May 31 May 24 | Number of reporting banks 65 65 316 316 211 211 50 50 272 272 Loans and discounts, including bills redis'd. with F. R, Bank: Secured by 0. S. Govt, oblig. 94,887 95,470 47,619 46,299 218,521 217,942 51,654 53,005 46,64i 46,762 Secured "by stocks and bonds 1,491,393 1,463,465 •r-, 365,750 351,111 2,579,640 2,526,106 480,523 452,769 422,602 433,973 All other loans and discounts .1,972,478 2,011,992 665.626 684,175 4.440.6% 4,497,106 1.386.919 1,391.007 1,273,078 1,274.362 Total loans and discounts 3,558,758 3,570,927 1,082,025 1,081,558 7,238,800 7,241,154 1,919,096 1,926,754 1,745,321 1,755,097 U. S. bonds U. S. Victory notes U. S. Treasury notes U. S. Certificates of indebtedness Other bonds, stocks, and securities Total loans and discounts and investments, including bills red!scounted with F. R. Bank Reserve balance with F. E, Bank Cash in vault Net demand deposits Time deposits Government deposits Bills payable with F. R. Bank: Secured by U. S. Gov't, obligations All other Bills rediscounted with F. R. Bank: Secured by U. S. Gov't, obligations' All other Ratio of bills payable and rediscounts with F. B. Bank to total loans and investments, per cent 435,254 425,997 54,049 55,724 685,265 659,159 251,457 251,756 243,515 243,655 57,57 5 52,442 8,872 5,956 88,415 7s ,949 13,006 13,718 11,333 11,077 259,370 256,307 23,053 26,280 . 322,094 324,674 63,347 61,048 32,112 33,981 48,481 48,622 7,521 6,912 81,459 82,730 27,773 27,891 l4,6o6 14,592 614,177 185/422 179,917 1.284.089 1.240.979 600.524 597,865 403.166 399.683 —£40 4,999,701 4,971,475 014,394 b44,820 75,424 76,035 4,600,115. 4,538,360 393, big 44,851 401,352 44,851 2,750 12,790 1,361 ,'272 1,356,407 9,700,122 9,657,695 2,875,233 2,579,062 2,453,356 2,458,115 133,593 133,522 .1 ,-003,455 1,043,645 154,485 153,604 205,341 207,359 .'29,63C , 29,554 150,366 72,745 50,21} 71,347 150,517 58,975 986,569 926,554 7,816,935 7,743,291 1,70},213 l,6£b,249 1,527,313 1,521,595 3.15,053 314,906 1,511,037 1,522 4gg 986,470 955,252 735,631 733,975 13,124. 13,119 10,043 27,046 95,4)6 94,928 26,792 • 9,900 4,115 3,020 27,935 - 167 2,866 .1 592 9,754 .5 300 4,859 .7 300 5,586 .7 32,546 - 1,184 45,970 .8 1,501 49,945 .9 24,133215 21,356 • '221 14,691 16,343 370 16,661 351 15,417 132 25,491 187 27,793 • 1.4 1.3 1.6 1.8
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