The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
STATEMENT FOR THE PRESS Released for publication St.1241 Monday m o r n i n , , Mar. 14; F e d e r a l Reserve Board not e a r l i e r . March 1 2 , ig21+ CONDITION OF MEMBER BAMCS IN LEADING CITIES. A g g r e g a t e l i q u i d a t i o n of 1 ) m i l l i o n s of l o a n s and of 4 l m i l l i o n s of i n v e s t m e n t s , c o u p l e d w i t h a r e d a c t i o n of 59 m i l l i o n s in borrowings from Reserve Banks, i s i n d i c a t e d in the F e d e r a l R e s e r v e B o a r d ' s w e e k l y s t a t e m e n t of c o n d i t i o n on March 4 of 824 member b a n k s 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 an i n c r e a s e f o r t h e week of 8 m i l l i o n s , l o a n s 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 - an i n c r e a s e of 1 m i l l i o n , w h i l e e t h e r 7 l a r g e l y c o m m e r c i a l , l o a n s a n d d i s c o u n t s d e c l i n e d by a b o u t 22 m i l l i o n s . F o r t h e memb e r b a n k s i n New York C i t y i n c r e a s e s of 6 , 2 a n d 14 m i l l i o n s i n t h e t h r ^ 3 c l a s s e s of 1 o a n s : a r a shown., C o n s i d e r a b l e l i q u i d a t i o n - by 27 m i l l i o n s - of T r e a s u r y c e r t i f i c a t e s i s n o t e d , w h i l e h o l d i n g s of U n i t e d . S t a t e s b o n d s a n d n o t e s combined a n d of o t h e r s e c u r i t i e s show e a c h a r e d u c t i o n of 7 millions. I n New York C i t y , t h e week saw c o r r e s p o n d i n g r e d u c t i o n s of l 6 m i l l i o n s i n c e r t i f i c a t e h o l d i n g s , of 3 m i l l i o n s i n U . S . b o n d s a n d n o t e s and of 10 m i l l i o n s - i n o t h e r s e c u r i t i 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 t h e r e p o r t i n g b a n k s , i n c o n s e q u e n c e of t h e c h a n g e s n o t e d , show a r e d u c t i o n f o r t h e weak of $4 m i l l i o n s , and t h o s e of t h e New York C i t y b a n k s - a r e d u c t i o n of 6 m i l l i o n s . Accommodation of t h e r e p o r t i n g i n s t i t u t i o n s a t t h e F e d e r a l R e s e r v e Banks d e c r e a s e d d u r i n g t h e week f r o m 1 , 8 9 1 t o 1 , 8 3 2 m i l l i o n s , o r f r o m 11 * 7 t o 11*4 p e r c e n t of t h e b a n k s 1 a g g r e g a t e l o a n s and i n v e s t m e n t s . F o r t h e member b a n k s i n New York C i t y d e c r e a s e s f r o m 800 to 7 5 - m i l l i o n s i n t h e amount of accommodation a t t h e l o c a l R e s e r v e Bank a n d f r o m 1 ^ , 1 t o 14*4 p e r c e n t i n t h e r a t i o of accommodation a r e n o t e d . As a g a i n s t f u r t h e r n e t w i t h d r a w a l s of 31 m i l l i o n s of Government d e p o s i t s , t h e r e p o r t i n g b a n k s show i n c r e a s e s o f . 23 m i l l i o n s i n o t h e r demand d e p o s i t s ( n e t ) a n d of 1.1 m i l l i o n s i n t i m e d e p o s i t s . Member b a n k s i n New York C i t y show a l o s s of l 4 m i l l i o n s i n Government d e p o s i t s , and g a i n s of 19 m i l l i o n s i n demand d e p o s i t s and of 9 millions in tine deposits. R e s e r v e b a l a n c e s w i t h t n e F e d e r a l R e s e r v e Banks a r e shown I S m i l l i o n s l e s s t n a n t h e week b e f o r e , t n e New York C i t y b a n k s a l o n e r e p o r t i n g a r e d u c t i o n i n t h i s i t e m of 11 m i l l i o n s . Cash i n v a u l t shows a g a i n of a b o u t 1 m i l l i o n f o r a l l r e p o r t i n g b a n k s and of 2 m i l l i o n s f o r t h e b a n k s 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 Monday m o r n i n g , March lU f 1921; n o t e a r l i e r * PRINCIPAL RESOURCE AND LIABILITY ITEMS OF REPORTING. rm/imR BANICS IN LEADING CITIFS (Amounts i n t h o u s a n d s of d o l l a r s ) M a r . %, 1 9 2 1 F e b . 25, 1921 82% 826 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 o u n t e d w i t h F* P . Bank: L o a n s s e c u r e d by U, S- G o v t , 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 ) _ _ _ _ _ _ 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 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.Blc. - . R e s e r v e b a l a n c e w i t h p . P . Bank - - - - St.l84la. Sept. 3,1920 819 M a r , 5, 1920 808 785,992 3,053,749 8.955,193 12,79^,93% 778,014 3,052,496 8,977.220 12,807,730 957,320 3,044,846 (a) (a) 1,188,602 3,174,210 (a) (a) 865,SOS 272,339 872,846 864,475 194,^26 195,277 192,943 205,925 207,679 234,878 422,050 641,210 1,990,285 1.996.672 (a.) (a) 16,053,132 16,106,902 16,927,971 16, 740,952. 1,279,101 1,296,208 1,394,957 1,404,03S 328,471 327,399 3^9,505 373 , 899 10,518,374 10,495,211 11,242,044 11,553,616 2,919,812 2,908,663 2,767,782 2,557,180 91,043 121,856 61,755 39,078 534,545 1,676 563,422 1,532 786,584 946 956,772 2,940 213,117 1,082,746 206,874 1,118,861 262,233 1,152,180 327,369 807,048 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: B i l l s r e d i s c o r n t e d w i t h F e d e r a l R e s e r v e Bank: 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 w i t h F . R . Banks 11.4 11-7 13-0 ( a ) Comparable f i g u r e s n o t a v a i l a b l e - 12.5 R e l e a s e d f o r p u b l i c a t i o n Monday m o r n i n g , March l 4 , 1 9 2 I ; n o t e a r l i e r . St.l84lb, PRINCIPAL RESOURCE AND LIABILITY ITEMS OF ALL REPORTING- MEMBER BANKS IN EACH TEDEEAL RESERVE DISTRICT AT CLOSE OF BUSINESS T1ARCH 4 , 1 9 2 1 . —rwi^TTd—r fv—7~ -—I = — •—: — ^ m o u n t s i n t h o u s a n d s of d o l l a r s ) a e , ®. L v e 1strict B o s t o n New York P h i l a C l e v s l . H i c h i i . 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 H 69 824 umber r e p o r t i n g b a n k s 49 113 52 88 84 43 ll4 37 35 82 52 Loans and d i s c o u n t s i n c l i x l ing b i l l s rediscoiTnted with F . B» Bank: L o a n s s e c -by U . S . G o v t - o b l i g . 4l,935 361,066 71,511 63,916 29,118 25,870 93,005 23,643 13,796 22,839 8,080 - o a n s s e c . b y s t o c k s and b e n d s 1 S 7 , S 5 o 1 , 2 8 2 , 0 6 6 1 9 3 , 9 9 9 3^5,553 111,17 8 60,031 4 4 o > 1 2 1 2 0 , 9 7 7 >+3,027 7 6 , 9 3 6 3 8 , 6 6 5 1 o-ner loans & discounts o6^_302 3 , l 6 S ^ 2 5 4 l ^ 7 l 4 / 0 4 . 3 7 7 335, 779 3 2 5 , 2 7 2 1 , 3 6 7 , 6 6 2 3 ^ 6 , 612 228, 255 U 0 2 , 504 225, l 6 4 o l o a n s and d i s c o u n t s 8 9 9 , 0 9 3 4, 8 1 1 , 1 5 7 6 8 3 , 2 2 4 1 , 1 1 3 , 8 4 6 4 7 6 , 0 7 5 % l l , 173 l , 9 0 1 , 0 7 9 ^ 9 1 , 2 3 2 2 8 5 , 0 7 2 5 0 2 , 2 7 9 2 7 1 , 9 0 9 • U . v * • VL- 7. v3. I X G 3 "CS S O X g s s %'Mt u ^ fM j s 31,213 725,992 153,o4g 3 , 0 5 3 , 7 4 9 766,527 8.C55.193 950,789 12,794,934 ^ ,.;s ,;-s a ,s-s: investments including b i l l s f t i d i s c o m t e d v i t n F-R.Bk . 1 , 0 7 2 , 827 6 , 0 1 7 , 0 0 / 9 0 5 , 2 5 2 1, 5 3 3 , 0 5 6 5 9 5 , ^ 3 2 4 q i , 255 2 , 3 5 2 , 2 7 3 5 9 1 , 1 9 k 3 2 3 , 6 4 7 6 0 1 , 0 5 5 3 2 4 , 8 5 9 1 , 2 4 5 , 2 7 5 1 6 , 0 5 3 , 1 3 2 Reserve balance w i t h F.R.Bank 74,5H9 595,744 64,829 97,750 33,624 27,937 184,134 42,716 19,465 ^5,446 21,413 71,494 1,279,101 Cash in v a u l t 22,592 105,286 16 , 70 9 3 5,577 14,978 11,77 2 5^,621 9,425 7,084 13,619 10,804 25,998 328,471 i-.eo aernanc d e p o s i t s 732,92^- 4 , 6 4 $ , 3 0 3 6 3 9 , 7 3 ^ 8 9 1 , 2 6 7 3 2 7 , 2 7 6 2 3 6 , 1 1 4 1 , 3 2 3 , 6 9 3 3 2 5 , 3 9 1 190,950 4 o i , 6 7 i 2 0 7 , 4 8 0 527,571 10,518,374 Time d e p o s i t s 167,675 44i,io5 32,66o 434,139 i i 6 , g s 6 144,030 60,31s 542,683 2,919,812 7,571 4o,46l 7,723 7,392 2,108 989 10, 366 2,428 1,7^1 1,726 1,784 6,254 91,04} *1,569 A790 36 2:5,010 26,,51 378 65,059 150 i6,4go - 4, 157 407 1S.6H} 9,663 100 23,199 605 534,5115 1,676 Government d e p o s i t s 659,916 144,476 62,793 101,132 B i l l s payable w i t h E.R.Bank: Ail'other" Govt, ofciig. 23,71)5 - - B i l l s r e d i s c o u n t e d w i t h F.R.Bank: Aii o t C ui:?» >r.7§ i s j S 4 : $ R e l e a s e d f o r p u b l i c a t i o n Monday m o r n i n g , March 14, 1921; n o t e a r l i e r » PRINCIPAL RESOURCE /JSTD LIABILITY ITEMS OF REPORTING TIMBER B^TKS IN F . R. BATK AND , (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 o f Chicago Bank Mar. 4 F e b . 25 Mar. 4 F e b . 25 Mar. 4 Number of r e p o r t i n g b a n k s 72 72 52 52 286 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 »with F , R . B a n k : Loans s e c » b y U . S V G o v t - o b l i g . 335,090 328,621 65,979 64,824 579,727 Loans s e c . b y s t o c k s & bonds l,119,^00 318,116 2,138,350 1,116,612 317,274 A l l o t h e r l o a n s and d i s c o u n t s 2,853.274 2,839,565 854,771 867.830 5.910.447 T o t a l l o a n s and d i s c o u n t s 4,308,364 4,284,798 1,238,024 1,250,770 8,628,524 TT, S . IJ* SU. 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 & s e c u r i t i e s 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 red 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 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 . G o v t , 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: Sec« by U. S» G o v t , o b l i g a t i o n s All other 257,788 74,050 101,921 540,377 5,222,500 74,343 117,589 550.445 17,943 12,711 8,408 147.616 19,161 12,635 7,203 143.154 430,328 107,737 143,93s 1.101.219 5,288,679 1,424,702 1,432,903 10,411,746 F- E . cities F e b . 25 287 F . B„ Branch c i t i e s Mar - 4 Feb*/ 25 216 216 All other r e p o r t i n g banks Mar, 4 F e b . 25 322 323 114,681 117,761 571,267 2,140,209 4 8 8 , 2 5, 1 4 8 7. ., 2 2 5. 5,917.164 i,6l4,707 1.654,590 91,534 88,986 427,148 425,062 1.430,059 1,425,466 8,628,640 2,217,639 2,239,576 1 , 9 4 8 , 7 7 1 1,939,51% 436,481 108,891 164,879 1.107.783 220,434 51,719 37,096 544,128 220,795 50,928 4I,203 544.007 10,446,674 3,071,016 3,096,509 215,046 34,970 26,645 344,938 215,063 35,458 28,796 344,888 2,570,370 2,563,719 547,547 558,493 133,107 135,057 927,924 948,502 198,344 193,013 152,773 155,293 92,999 90,516 32,148 34,442 188,208 186,922 65,087 64,303 75,176 76,174 4,157,876 4,139,351 935,019 932,063 7,313,611 7,302,837 1,678,635 1,671,648 269,229 311,181 309,261 1,343,301 1,327,945 924,992 928,683 651,525 652,035 38,501 53,001 4,918 6,287 68,585 92,983 13,783 17,969 8,675 10,90 4 220,127 247,370 20,280 18,143 346,630 371,934 150 130,456 1,132 131,082 927 57,459 538 6o,4o6 46l 101,811 436,410 96,736 455,452 12,842 111,952 11,806 126,442 178,620 834,229 172,773 863,648 23,310 125,508 25,200 134,l46 11,187 123,009 8,901 121,067 10.2 10.9 278,040 * 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 w i t h F . R . B e . , t o t o t a l l o a n s and i n v e s t s p e r c e n t l 4 . 4 261,504 St-lSUlc. BRANCH CITIES AND ALL OTHER REPORTING BANKS- 15.1 . 13.1 13.5 9-1 9.4 1,526,12s 1,520,726 7-5 7.4
@FedFRASER