The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
STATEMENT FOB T3S PRESS st.isb?. Released-for publication Federal Reserve Board Monday morning, Mar. 21; March 19, 1921* n o t ear l i e r • CONDITION OF MEMBER BANKS IN LEADING CITIESF u r t h e r l i q u i d a t i o n of 77 m i l l i o n s of t o t a l l o a n s and i n v e s t m e n t s , accompanied by a s m a l l e r r e d u c t i o n i n d e p o s i t l i a b i l i t i e s and i n c r e a s e d borrowings from F e d e r a l Reserve Banks, i s 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 of c o n d i t i o n on March 11, of 824 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 d e c r e a s e of l b m i l l i o n s f o r t h e week, 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 - a d e c r e a s e of 22 m i l l i o n s , and a l l o t h e r l o a n s and d i s c o u n t s - a d e c r e a s e of 4g m i l l i o n s , the a g g r e g a t e r e d u c t i o n i n l o a n s and d i s c o u n t s t h u s amounting t o 87 m i l l i o n s * For the New York C i t y banks d e c r e a s e s of 4 m i l l i o n s in l o a n s secured by Government o b l i g a t i o n s , of 32 m i l l i o n s in 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 and of m i l l i o n s in a l l o t h e r l o a n s and d i s c o u n t s , w i t h an a g g r e g a t e d e c r e a s e of 72 m i l l i o n s in l o a n s and d i s c o u n t s , a r e shown* Only minor changes a r e shown i n t h e h o l d i n g s of Government s e c u r i t i e s , h o l d i n g s of V i c t o r y n o t e s showing a d e c l i n e of 2 m i l l i o n s , and t h o s e of T r e a s u r y c e r t i f i c a t e s - a d e c l i n e of 6 m i l l i o n s . Other bonds, s t o c k s and s e c u r i t i e s , on the o t h e r hand, show an i n c r e a s e of 18 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 a s l i g h t l y l a r g e r i n c r e a s e f o r the member Danks i n New York C i t y a l o n e . As a consequence of t h e s e changes, t o t a l l o a n s and i n v e s t m e n t s of a l l r e p o r t i n g banks show a d e c r e a s e of 77 m i l l i o n s and t h o s e of New York members a d e c r e a s e of 59 m i l l i o n s 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 i n c r e a s e d f o r t h e week f t cm 1,832 to 1, 8^4 m i l l i o n s and c o n s t i t u t e d 11-6 p e r c e n t of t h e banks' t o t a l loans and i n v e s t ments, compared w i t h 11 .4 p e r c e n t the week b e f o r e - For the New York banks i n c r e a s e s from 758 t o 789 m i l l i o n s i n accommodation and from l 4 . 4 t o 15 *1 p e r c e n t i n r a t i o of accommodation a r e n o t e d . Government d e p o s i t s show a f u r t h e r d e c r e a s e of 50 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 21 m i l l i o n s f o r the New York members, w h i l e o t h e r demand d e p o s i t s ( n e t ) show an a g g r e g a t e i n c r e a s e of 17 m i l l i o n s , but a d e c r e a s e of 24 m i l l i o n s f o r the member banks i n New y o r k C i t y . Time d e p o s i t s d e c l i n e d by 10 m i l l i o n s , of which 2 m i l l i o n s r e p r e s e n t the d e c r e a s e a t the New York C i t y b a n k s . Reserve b a l a n c e s w i t h the F e d e r a l Reserve Banks a r e shown 23 m i l l i o n s l a r g e r t h a n t h e week b e f o r e , the i n c r e a s e f o r the New York members a l o n e being 27 m i l l i o n s » Cash i n v a u l t shows an a g g r e g a t e g a i n of 2 m i l l i o n s and a g a i n of 1 m i l l i o n in 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 21, 1921; n o t e a r l i e r . PRINCIPAL RESOURCE AND LIABILITY ITEMS OF'REPORTING- MFMBEF BAIT'S IN LEADING CITIES — — (Amounts i n t h o u s a n d s of d o l l a r s ) t t a b e r of r e p o r t i n g banks _ 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 rediscount ted w i t h E. 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 oy 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 ) - - - - - - : I : • t o T l g s S 769,96s 3 031 706 - 5 5 ^ " ^ , 785,992 3 053 ?Uq St ,1857a. S ^ i o n P o H t o T l a p o 958 861 x nUg' n x ::::::::::: 1 166 415 V 1 gh'Q87 P — 865,783 865,508 875,859 860,094 U. S . V i c t o r y n o t e s 192,055 194,426 189,282 204,458 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 202,058 207,679 350,384 631,010 2,007,969 1,990,285 (a) Ca) 15,976,114 16,053,132 16,923,521 l6,910,156 '1,302,232 1,279,101 1,389,478 1,436,601 330,038 328,471 375,094 368, 7U9 10 , 535,101 10 , 518,3 74 11,3 59 , 551 11,716,721 2,910,392 2,919,818 2,771,208 2, 565,076 40,607 91,043 3 0,054 39,175 558,428 53U,545 1,676 756,44s 2,056 944,551 213,117 1,082, 746 269,204 1,114,544 333 445 U' s * bonds 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 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.Bc. - R e s e r v e b a l a n c e w i t h E . R. Bank Cash m 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 R e s e r v e Bank: ViTSt? U ' S ' G"0Vt' All other - - oblig? tions - 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 R e s e r v e Bank: S e c u r e d by U. S . Govt, o b l i g a t i o n s other 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 to 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 c e n t Digitized for e FRASER f" . 2,757 205,582 - 1,087,068 ' 11.6 11.4 (a) 12 .f Comparable f i g u r e s n o t a v a i l a b l e . 2,928 825,'330 12 5 R e l e a s e d f o r p u b l i c a t i o n Monda?/ morning;, March 21, 1921; n o t e a r l i e r . St.1857b. PRINCIPAL RESOURCE AND LIABILITY ITSMS OF ALL REPORTING I/FMKER BATFS IN EACH FEDERAL RESERVE DISTRICT AT CLOSE OF BUSINESS MARCH 1 1 , 1 9 2 1 . (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 Boston New York Phi l a • G l e v e l - Richm. A t l a n t a Chicago St .Louis Minn. Kans-Cy. D a l l a s San E r a n , Total Number r e p o r t i n g banks 113 58 gg g4 U3 ll4 37 35 82 52 69, 824 Loans and d i s c o u n t s i n c l u d ing b i l l s rediscounted with F . R. Bank: • l o a n s s e c . by U . S . Govt . o b i i g . UljUg 357,085 70,5^2 _ 6 l , 7 7 ^ 26,900 2 4 , 6 9 5 9 0 , 7 1 8 2 2 , 4 l 6 13,606 2 2 , 6 1 5 8,270 29,998 769,968 r " v "-1, -1 " " " 152,681 3,031,706 769,970 8 . 9 0 6 , 5 7 5 952,649 12,708,249" u . s . bonds 33,031 u. s. Victory.notes 6,020 U\ S , C e r t i f i c a t e s of indebtedness 9,24g Other Ponds, s t o c k s & s e c u r i t i e s 1 2 4 , 8 9 4 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 E-R.Bk. 1, 0 7 0 , 9 5 7 R e s e r v e b a l a n c e w i t h E.R.Bank 73,417 Cash i n v a u l t 22, 9 ^ 1 43,702 97,^02 20,321 60,223 7,679 4o,446 2,995 77,916 34,175 100,680 13,180 7 3 3 . l o 2 155.496 " " ~ l6,238 282,48? 5,117 46,778 2,32b 34,380 27,963 309,895 30p,46l 84,013 10,305 2,522 1,100 19 , 688 4,964 53,3 9 7 — ^ 2,3-46 10,3 00 325,665 5 9 4 , 9 6 2 322,661 1 , 2 5 1 , 6 9 3 15, 976,114 65,936 23,396 70,308 1,302,232 7,224 13,696 10,281 27,627 232,932 1,332,204 328, 850 196,352 403,817 210,136 168,734 438,723 3 9,111 4 3 2 , 6 3 8 115,514 145,447 658,371 142,963 68,582 3,4i4 17,972 3,434 3,403 918 46o 4,829 1,068 773 767 263,19s 43,880 39,225 36 26,620 23,574 66,518 17,496 2,762 441 6,610 2,866 36,112 1,052 101,221 37,327 476,176 33,190 57,329 93,985' 46,913 Time d e p o s i t s B i l l s r e d i s c o u n t e d w i t h E.R .Bank S e c . by IT. S. Govt« o b l i g • ' 1 2 055 All other 81,484 2,107 19,202 891, 586 24,459 202,058 2,007, ^ 9 37,637 3,752 7 3 5 , 9 7 1 4 , 6 2 4 , 7 5 9 646,o4o B i l l s p a y a b l e w i t h E.R.Bank: Sec* by TJ. s . Govt, o b l i g . All other 16,373 171,56 1 35,850 Net dan and d e p o s i t s Government d e p o s i t s 265,723 192,055 16,375 1,366 2,197 5,956,920 896,828 1,530,059 595,251 4 8 4 , 2 4 1 2,364,052 522,165 618,130 63,845 185,648 44,000 97,193 3 3 , 9 2 2 25,652 105,816 16,390 3 3 , 1 0 0 15,445 11,675 56,C4O 9,203 330,662 17,125 28,755 105 7,750 27,771 1,790 18, 944 191,541 3 , 283 37,917 23 , 503 330,032 589,786 1 0 , 5 3 5 , 1 0 1 539,592 2,910,392 789 2,720 40,607 16,491 8,487 100 25,71? 285 558,428 2,757 3,747 39,357 645 18,375 4,022 64,313 1,087,068 100,654 60,003 205,522 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 , I larch 21, 13 21: n e t e a r l i e r . St.lSSJc . PRINCIPAL RESOURCE AID LIABILITY ITEMS 0 ? PLPORTIITG- MJIMBER BAIT'S IF P. P . MfVT. AID 1P/T~CT7 CITIES A!1D ALL OTTER RI-PORTBTCr (itoornts in t h o u s a n d s of d o l l a r s ) A l l p . P.. P . R. All o t h e r Isew f o r k C i t y 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 Mar. 11 Mar. 4 Mar. 11 Mar. 4 Mar. 11 liar. 4 Mar. 11 Mar. 4 Mar. 11 l i a r . 4 Number of r e p o r t i n g banks 72 72 52 52 286 286 216 21o 322 322 Loans ana 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 sc 1 d «wi t h ? -H. Bank: loans sec.by U.S.Govt.oblig. 331, 187 335,090 63,9% 65,079 569,896 579,727 111,392 ll4,6si 88,680 '91584 Loans s e c . by stocks & bonds A l l o t h e r l o a n s and d i s c o u n t s Total loans and discounts U- S. bonds U. S. Victory n o t e s IT. S. C e r t i f i c a t e s of indebtedness Other bonds, stocks & 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 Reserve balance with F. B - Bank Cash i n v a u l t Fet 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 payable with F. R. Bank: Sec» by U. S* Govt, o b l i g a t i o n s All other B i l l s rediscounted w i t h F, R, Bank: Sec . by tj, s • Govt, o b l i g a t i o n s All other 1,086,6b8 1,119,4oo 323,*+11 317,274 ' 2 , 1 1 6 , 3 6 1 _2,818,323 ..2,853,874 862,555 854.771 5,8d3.Q42 4,236,178 4,308,364 1,249, «46 1,238,024 8,549,299 257,424 74,092 96,351 558,686 5,222,731 575,254 19,282 12,990 17,9^3 12,711 431,659 144. 051 l47,6l6 1,117.309 8,599 8,4o8 107,596 136,598 430,328 107,737 143,938 1,101,219 219,268 49,420 36,353 546, 947 425,821 427 148 1,438^975 I.450I059 1,953,476 1 , 9 ^ 7 7 1 220,434 51,719 214,8^6 35,039 29 107 343'.713 37,096 s44] 128 215,046 34970 26*645 344'938 5, 282, 500 1,434,86s 1,424,702 10,342,461 10,411,746 3,057,462 3,071,016 2,576,191 2,570,370 547,547 133,418 133,107 953,047 200,641 927,984 i4g, 544 152,773 198,344 93,738 92,999 32,705 32, 148 186,884. 188,208 4,133,646 4,157,876 935,793 935,019 7,297,567 7,313,611 275,638 275, o4o 310,337 311,181 1,340,423 1,343,301 919,438 924,992 650,531 651,525 17,109 38,501 2,186 4,918 30,492 68,585 6,247 13,783 3,868 8,675 239,121 220, 127 20,963 1,790 20, 280 368,950 346, S30 132,367 130,456 57,111 422 57,459 538 101, 811 436,410 12, o07 122, 879 12, 842 111,952 851,320 175,311 17s, 620 21,072 115,754 125,508 9,199 119,994 123,009 i4,4 11.0 10 .2 13.5 13.1 99,088 450,85s Ratio of b i l l s payable and rediscounts with F»R* At,, to t o t a l loans and i n v e s t s *,percent 15*1 257,788 74,050 101,921 54p,377 2,138,350 489,524 488,251 5. 910.447 1, 6p4. 55S 1, 6l4,707 8,628,524 2,205,474 2,217,63° 1,790 834,229 65,968 65,087 77,186 75,176 1,698,865 1,678,635 1,538,669 1,526,12s 545 8.8 1,138 23,310 9-1 . 7-2 11,187 7.5
@FedFRASER