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STATEMENT FOR THE PBESS Released, for publication S t . 1020 Monday morning, March 22; Federal Reserve Board not e a r l i e r . March 20, 1920. CONDITION OF MEMBER BANKS IN LEADING CITIES. Moderate l i q u i d a t i o n of United. States war s e c u r i t i e s and war paper as against s u b s t a n t i a l increases in commercial loans and. discounts i s indicated in the Federal Reserve Board's weekly statement of condition on March 12 of 808 member banks in leading c i t i e s . Holdings of Government s e c u r i t i e s show a decrease of 16.2 millions for tne Week, d i s t r i b u t e d as follows: U. S. bonds - 4,6 m i l l i o n s , Victory notes - 1.4 millions and Treasury c e r t i f i c a t e s - 10.2 m i l l i o n s . With the view of f a c i l i t a t i n g comparisons between t o t a l loans and investments of reporting i n s t i t u t i o n s and • the amount of accommodation extended to them by the F. R, banks, the repbrt for the f i r s t time shows loans secured by Government war obl i g a t i o n s , and " a l l Other loans and investments" inclusive of amounts rediscounted with Federal Reserve banks, the previous p r a c t i c e (having been to show these two items exclusive of such r e d i s c o u n t s . War paper on hand shows a decrease for the week of 22 »9 m i l l i o n s , while loans secured by stocks and bonds .went up 9*7 millions (10.3 millions in New York alone), and a l l other loans and investments show an increase of 161.2 m i l l i o n s . Rediscounted customers' paper held for reporting banks by Federal Reserve banks increased by 34 »3 m i l l i o n s , of which only about 6 m i l l i o n s was secured by U. S, war obligations, while the banks' own b i l l s payable with Federal Reserve banks decreased by 12.2 m i l l i o n s , a l l of the decrease being in war paper. Government deposits, which were at a low ebb of 39 m i l l i o n s , show only a nominal change for the week, while net demand deposits increased by l 6 l . l millions in harmony with the increase in loans and investments. Time deposits went up 6.7 millions. Reserve balances with Federal Reserve banks increased 32*5 m i l l i o n s of which 28.9 millions i s shown for the New York City members, while cash in vault declined 5>2 m i l l i o n s . S t . 1020a Bala used f o r p u b l i c a t i o n Monday morning, March 22, 1920; not s u r l i e r . PRINCIPAL RESOURCE AND LIABILITY ITEMS OF REPORTING i-IEMBER BAILCS IN LEADING CITIES. — ; Number ef reporting banks - - - -- ' (Amounts i n thousands of d o l l a r s ) Mar- 12, 1920 -- -- -- -- -- - - -- -- - - -- - - 0 . S. bonds to secure c i r c u l a t i o n Other U. S- bonds including Liberty bonds - _ _ _ _ _ _ _ _ _ _ _ SOS 80S 267,994 ^,79% 59 2 ,352 596,059 U. S. Victory notes 20U '°6° U. s . c e r t i f i c a t e s of indebtedness ^' 0 1 r . t i l V. s . s e c u r i t i e s Mar. 5, 1920 1,695,416 61 % Reserve balances with F. B- Bank Ba^ : : : : ' Cash i n v a u l t Net demand deposits Time deposits Government deposits " M S V M All other - - - M S : - - -- -- -r ^ i r ^ . -- -- - - -- -- -r ! ~ ! T : All « , h , r Ratio ,;:C V- S« s i r s e c u r i t i e s and war paper to t o t a l loans and investments, including rediscounts with F, R. Banks, per cent - ~ - - 77 632,Obj 676, 95 1,711,610 Z,y&,0* 3,153,012 t.?0 (a)l,llS,067 l ^ k . W (a)3'.o»:ui3 1 t W m > 791.5* 1,436,486 1,404,035 1.3S3.4S1 1,292,290 368,711 373,£99 36s,649 34S,S14 11,711,792 11,550,663 11,820.961 10,311,*35 2, 5 63,S93 2,557,ISO 1.928,472 1.666.533 39,175 39,07S 5°5><--'6 o70,239 ^6,772 ) ' !,037,14s 1,175,463 333,445 327,369 ) 312,449 290.0S7 825,530 ' %c ? 9 ^ 5 1 -- - - - ar» 14, 1919 2,241,182 ,3n:i7u:So U , 066.797, :vI "^.7)5 w q : : : : : : : : L^3Lir;nrLv™£nU:Sinciuding-redUco^s"wUh 77*+ ° Leans and investments, including b i l l s rediscountad with F . R. banks: : : : : : : : S e p t . 12, 1919 1v -3* v (a) Exclusive cf r e d i s c o u n t s with F. R. banks Released, f o r p u b l i c a t i o n Monday .morning, March 22, 1920; not e a r l i e r . _____ __ MARrn'i?^iQ?0 PRINCIPAL RESOURCE AND LIABILITY ITEMS OF ALL REPORTING MBIBER BANKS IN EACH FEDERAL RESERVE DISTRICT AT -LOSE OF BUSINESS MARCH 12, 9 (Amounts i n thousands of d o l l a r s ) m n T Federal Reserve D i s t r i c t Boston New York P h i l a . Clevel. Richm. Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas ban.*ran. No, reporting banks 7J. S. bonds to secure circulation 0t Liberty*boids1Ud:Lno U.S.Victory notes ^'indebtedness Total U. s . securities 46 115 56 92 13,061 47,24s 11,097 41,842 14,327 238,834 26,946 7,509 81,602 27,833 62,730 82 808 107 35 35 S3 44 66 2 6 , 5 0 1 L 1^1015 20,927 IT.177 7,170 14,778 19.573 34,605 <;67,994 57,822 34,541 29,129 63,991 i4,304 10,732 21,928 17,974 61,824 592,352 10,992 21,634 8,908 6,735 38,619 3,646 1,880 5,064 4,167 13,304 204,060 251,681 45,895 49.252 20,996 21,866 116,771 15,325 11,319 11,751 23,145 35,176 631,010 619,365 94,930 170,550 90,946 71,745 240,308 50,452 31,101 53,521 64,859 144,909 1,695,416 47 Loans & investments i n c l . b i l l s rediscounted with F. R. banks: : EE.EEEEE 1551 SI gg;|S.gg.SSi5l sgliI slgllg Total loans & investments F^R.batiks 1093,195 6422,401 1049,542 1500,316 620,259 563,021 2517,042 645,182 380,441 696,888 3 5 3 , 9 1 6 1224,594 1 7 , 0 6 6 , 7 9 7 Reserve balance w i t h F.R.bank 79,183 679,261 69,642 97,486 39,301 34,008 205,919 47,266 27,030 50,932 26,117 60,341 Cash i n v a u l t 24,360 125,328 17,244 31,173 17,972 13,446 65,52s 9,981 8,372 15,862 ll,l6l 28,284 Net demand d e p o s i t s 807,870 5173,468 674,734 Time d e p o s i t s 138,255 399,181 2,077 32,412 Government d e p o s i t s ^ieLb^stwI^oblig^s All other B i l l s rediscounted with F.R* S'-She;5-™"°blisatio,B - 1, 36, 368,711 8 6 5 , 9 4 2 371,053 2 9 9 , 7 1 5 1524,188 3 7 8 , 3 7 6 2 5 9 , 6 0 4 4 7 9 , 3 8 4 2 6 0 , 5 0 6 616,952 1 1 , 7 1 1 , 7 9 2 25,769 358,569 19,337 1,568 3,279 637 397,895 - 78,568 79,011 46,689 - 6 0 ; I k - 1% 99,826 140,632 6 0 3 , 2 0 4 - 119,587 63,457 94,995 44,243 476,175 2,563,293 5,l46 911 152 80S 1,210 3,179 39,175 4i,527 i4l,226 32,229 12,354 22,075 22,798 37,767 944,55% 871 ~ 20:9% " iftaB 25 ~ 4'M s ? : 1 ' # 4:<$i w.15? H . 1020c R3 SaSe l y % H I ^ C I P ^ " ^ S 0 ° m C E ° A N D L I A B I L l ! Y I IE/IS 0F\tEZBER BANKS IN F , R- 3A:'.C AND BRANCH CITIES AND ALL OTHER REPORTING BANKS, v (Amounts i n thousands of d o l l a r s ) Mar - 12 —-• Mar. 5 Number of r e p o r t i n g banks U. S. Other U. S. U. S. bonds to secure c i r c u l a t i o n U» S. bonds including Liberty bonds Victory notes C e r t i f i c a t e s of indebtedness Total U- S, s e c u r i t i e s Loans and investments including b i l l s liliitil-'™ T 0 ^ ^ u ~ T ^ ^ City of Chicage Mar• 12 •— Mar, 5 All F.R. bank c i t i e s Mar. 12 — Mar. 5 P. R. Branch c i t i e s Mar. 12 - Mar. 5 195 195 70,204 70,204 151,437 152,222 420,537 424,367 73 73 50 50 278 278 37,551 205,444 70,727 234,937 38,505 203,923 70,156 1,439 28,748 l4,535 45,499 99,831 326,119 106,167 406,396 100,836 326,863 107,297 413,179 146,548 144,594 53,702 ' 54,193 239,256 1,438 27,712 14,386 46,998 548,659 552,440 90,540 90,221 932,513 942,175 All other r e p o r t i n g banks Mar.12 - Mar. 5 335 335 121,639 44,191 97,359 73:177 97,15S 122,648 44,053 75,209 336,366 339,068 im.m,mamai,si,sa-asji 5 , 6 9 8 , 8 2 8 5 , 6 4 5 , 7 0 4 1 , 5 5 0 , 2 4 6 1 , 5 5 1 , "34 1 1 , 1 5 6 , 6 4 0 1 1 , 0 6 3 , 8 2 9 3 , 2 1 0 , 1 2 6 3 , 1 8 7 , 7 0 9 2 , 6 9 9 , 9 7 1 2 , 6 8 3 , 5 0 9 Keservi t n i m c e s w i t h F. R. tank 634,661 605,834 1)9,671 149,065 1,046,471 1,020,844 213,500 208,552 176,115 174,642 Cash i n vault 111,523 112,449 36,622 32,130 213,4l4 215,716 73>229 75,166 22,068 23,017 4,670,032 4,605,924 1,023,292 1,036,310 2,111,899 2,011,996 1,212,630 1,772,714 1,721,263 1,765,953 Net demand deposits • Time deposits Government deposits 295,956 293,951 269,882 269,516 1,159>69 1,157,604 845,201 842,199 559,223 557,377 18,894 18,894 2,548 2,548 29,865 29,673 5,849 5,948 J,46l 3,457 362,026 63,447 63,227 617,604 1,681 625,034 1,695 224,643 1,247 231,802 928 102,304 99,936 317 148,707 250,139 7,232 143,241 6,816 122,432 296,559 650,65s 290,680 626,044 18,907 105,714 106,252 19,321 17,979 68,95S 17,362 64,752 16.3 15.4 15.6 13-1 13,4 B i l l s payable w i t h F, R. bank: Secured by U- S, war obligations 355,252 All other B i l l s rediscounted with F, R. bank: Secured by U. S, war obligations 157,645 All other 242,027 Ratio of U. S. war s e c u r i t i e s and war paper to t o t a l loans and investments, including r e d i s - 1 0 v „ cfcunts isrlth F-R. b auks, p e r c e n t , , - 18.9 10.7 10.7 15.3
@FedFRASER