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STATEMENT FOE TE2 FBESS Eeleased f o r p u b l i c a t i o n St.3436. Friday a f t e r n o o n , Mar. 30$ Federal^Be serve Board, not e a r l i e r . Marca 29, 1923. CONDITION OF MEMBER EAIC13 IN LEADING CITIES Aggregate i n c r e a s e s of $105,000,000 i n Treasury c e r t i f i c a t e s , a l s o of $42,000,000 i n loans secured by stocks and bonds, a s a g a i n s t reductions of $15,000,000 i n o t h e r , l a r g e l y commercial, loans and of $14,000,000 i n other i n vestments, are the leading f e a t u r e s of member bank development ior tne week ending March 21, as shown by the Federal Beserve Board's l a t e s t consolidated statement of condition of 777 member banks i n leading c i t i e s . Issuance on March 15 of over $475,000,000 of Treasury c e r t i f i c a t e s accountsfor the s u b s t a n t i a l i n c r e a s e i n member bank holdings of t h i s c l a s s of s e c u r i t i e s , while tne i n c r e a s e of loans a g a i n s t stocks and bonds was l i m i t e d almost e x c l u s i v e l y to member banks i n New York City.* These l a t t e r show i n c r e a s e s of $37,000,000 i n Treasury c e r t i f i c a t e s and of $47,000,000 i n loans a g a i n s t stocks and bonds, as against r e d u c t i o n s of $17,000,000 i n other loans and discounts and/$19,000,000 i n other investments. Total loans and investments show an i n c r e a s e of $118,000,000 f o r the week, the corresponding increase for the New York City banks being $48,000,000, In connection with the l a r g e Treasury operations of the week Government dep o s i t s of the r e p o r t i n g banks advanced $215,000,000. Other demand d e p o s i t s (net) on the other hand, declined by $280,000,000, while time d e p o s i t s show an i n c r e a s e of $32,000,000, For t h e New York City banks i n c r e a s e s of $102,000,000 i n Government deposits and of $31,000,000 i n time d e p o s i t s , as against a r e d u c t i o n of $97,000,000 i n n e t demand d e p o s i t s are noted, Borrowings of the r e p o r t i n g i n s t i t u t i o n s from the Federal reserve banks i n creased during the week from $405,000,000 to $416,000,000, the r a t i o of these borrowings to the banks' t o t a l loans and investments continuing unchanged a t 2.5 P®r cent. For the New York City banks a decrease i n these borrowings from $152,000,000 to $110,000,000 and from 2.9 to 2 . 1 p e r cent i n the r a t i o of these borrowings to t o t a l loans and investments i s shown. In keeping with the s u b s t a n t i a l r e d u c t i o n i n demand d e p o s i t s the r e p o r t i n g banks show a decrease of $5b,000,000 - those of New York City a decrease of $33,000,000 - i n t h e i r reserve balances with the Federal r e s e r v e banks, Cash i n v a u l t shows a decline of $12,000,000 f o r a l l r e p o r t i n g banks and a decline of about $1,000,000 f o r the member banks i n New York City. following i s a statement of changes i n the p r i n c i p a l a s s e t s and l i a b i l i t i e s on March 21, 1.923, as compared with a week and a year ago: Increase or Decrease In m i l l i o n s of d o l l a r s since iVkr. 14. 1923 Mar. 22. 1922 Loans and di scount s - to t a l Secured by U. 3. Govt, o b l i g a t i o n s Secured by stocks and bonds All o t h e r + Investments, t o t a l , U. S. bonds U. S. Victory n o t e s and Treasury n o t e s Treasury c e r t i f i c a t e s Other stocks and. bonds + 27 + 4 2 15 + . . . http://fraser.stlouisfed.org/ W Federal Reserve Bank of St. Louis ~ 55 ^ + Government d e p o s i t s Net demand d e p o s i t s . Time d e p o s i t s . Total accommodation a t F. E. Banks ~ b 5 ^ + Reserve balances with F, E. Banks Cash i n v a u l t " + - 91 10 + ~ + + Izi 364 + ^'upn % uqo + + 33 + 1 + 32 ^13 + + u ^2 + 790 + 165 + 1 1 102 Released f o r p u b l i c a t i o n .Friday afternoon, March 30, 1923; not e a r l i e r . . PRINCIPAL PS SOURCE AND LIABILITY ITEMS OF REPORTING MEMBER BANKS IN -LEADING CITIES (Amounts, i n thousands of d o l l a r s ) Mar. 21, 1923 777 Loans and d i s c o u n t s , g r o s s : Secured by U. S, Govt, o b l i g a t i o n s - - - - - - Secured by stocks and bonds (other than U. S. s e c u r i t i e s ) - - " U„ S. Treasury bonds - - - - - - - U. S. Victory notes and Treasury, n o t e s U. S. C e r t i f i c a t e s of indebtedness - - - - - - - Other bonds, s t o c k s , and s e c u r i t i e s Total l o a n s and d i s c o u n t s and investments Reserve balance with F„ R. Bank Ne t demand aepo s i t s - - - - - - - .— - - - ~ ~ ~ ~ , - Government d e p o s i t s ~ B i l l s payable and r e d i s c o u n t s with Federal Reserve Bank: Secured by U. S. Govt, o b l i g a t i o n s Ratio of bills'payable and r e d i s c o u n t s with F. R. Sank t o t o t a l loans and i n v e s t m e n t s , per cent - ¥. f _. — — — — — — — — Mar. 14, 1923 777 Sept. 20, 1922 790 mar. 22 , 1 ( 805 269,540 3,753,36s 7,727,170 269,4os 3,711,365 7,742,123 266,199 3,555,600 7,117,434 397,770 3,131,253 7,363,644 11,750,073 283,196 11,722,396 10,939,233 10,892,672 1,381,695 1,017,677 222,871) 1,045,279 1,061,544) 109,617 112,252) 9^0,837 934,964 669,857 442,171 205,344 99,766 211,902 172,614 2,159,979 2,162,169 2,236,854 2,079,605 16,494,330 1,385,286 16,376,462 l,443,4oi 15,439,541' 276,145 228,588 1,332,900 283,128 11,183,93S 11,463,6l4 11,060,765 10,337,664 • 3,923,152 3,891,274 3 , 575,296 3,132,921 326,466 108,817 148,449 224,114 259,534 156,763 273,879131,655 62,859 100,951 29,152 162,432 2.5 2.5 1.1 1.7 - 1-4,604,739 1,256,746 271,248 Released f o r p u b l i c a t i o n F r i d a y a f t e r n o o n , March 30, 1923; not e a r l i e r . St. W j 6 b PRINCIPAL RESOURCE AND LIABILITY ITEMS OF ALL REPORTING- MEMBER BANKS IN EACH FEDERAL RESERVE DISTRICT AT CLOSE OF BUSINESS MARCH 21, 1923." Federal Resarvs D i s t r i c t Number of r e p o r t i n g banks Boston 46 New York lOb Phila. 55 Loans and d i s c o u n t s , g r o s s : Secured by U*S*C-ovt» o b l i g . 87,645 18,601 14,557 Secured by s t o c k s and bonis 238,964 1,675,657 256,516 All other l o a n s and d i s c o u n t s 605,170 2,473,565 332,606 Total loans discounts 12J23 78,239 6,266 U* S. V i c t o r y n o t e s and Treasury n o t e s 23,916 U» Sw C e r t i f i c a t e s of indeotedness 7,599 Other b o n d s , s t o c k s & s e c u r i t i e s 172,245 78 Dallas 52 32,756 10,065 43,469 17,657 7,132 7,856 5,073 5,299 543,103 134,711 50,019 78,051 50,972 377,731 124,935 6v ,222 671,604 326,200 3;-•, -'+3 1,129,621 306,334 159,150 362,717 214,511 48,486 463,225 11,464 48,052 47,760 121,586 40,585 4,154 9,256 31,955 5,123 511,641 51,938 53,277 74,849 10,176 717,777 184,235 20,250 30,460 14,551 13,004 24,912 94,886 15,323 25,003 5,761 13,043 47,034 1,596 12,374 9,576 1,319 10,123 7,331 139,941 25,019 4,850 286,731 51,691 10,059 37,218 31,676 7,469 89,467 247,820 887,827 87,210 Government d e p o s i t s 19,273 153,498 26,859 23,694 9,798 B i l l s payable and r e d i s c o u n t s with F. B* Bank: Secured by U*S„Govt. o b l i g . A l l other 10,936 114,932 22,495 12,266 17,406 21,147 28,940 14,715 15,560 17,453 Kans.Cy. 366,307 San Fran. 6b 16,430 161,257 779,249 Total 777 269,540 3,753,368 7,727,170 9 5 6 , 9 6 6 11,750,075 4,705 19,901 14,327 2,245 36,455 95,217 12,118 1,045,279 109,617 25,873 22,693 15,648 48,437 940,837 4,289 31,042 7,495 9,661 58,693 9,200 16,928 155,373 205,344 2,159,979 12,078 253,196 1,159,679 6,093,430 9.17,450 1,626,243 595,402 4 8 8 , 4 9 6 2,386,289 630,559 331,952 601,542 341,764 1,321,524 16,494,330 204,012 41,533 26,957 50,363 25,744 80,697 109,105 35,228 34,076 617,513 70,524 92,504 1,388,28b 30,866 13,399 10,150 SO,304 16,164 15,707 20,483 52,290 5,641 11,358 7,76s 276,145 9,015 920,431 331,637 282,376 1,488,077 372,161 210,029 456,624 239,380 784,587 4,730,684 684,230 683,722 11,183,93% Time d e p o s i t s C. Minn. 30 355,691 4,236,567 607,723 1 , 0 5 2 , 0 9 1 461,200 404,397 1,716,193 458,702 247,625 448,841 270,782 Uw 5$ p re-war bonds U. S. L i b e r t y bonds U» S. Treasury bonds Total loans and d i s c o u n t s and investments Reserve balance with F«R,Bk* Cash i n v a u l t Net demand d e p o s i t s (Amounts in thousands of d o l l a r s ) Cleve. Rich. A t l a n t a Chicago St.Louis 64 73 36 107 39 550,319 152,939 166,070 769,656 183,218 83,405 124,698 74,959 595,031 3,923,152 22,707 10,053' 5,614 310 14,828 24,403 326,466 1,945 43,705 3,192 3,940 10,198 585 17,934 259,534 4,083 16,144 10,879 3,144 5,855 2,710 16,100 156,763 Bcis'i-sod f o r p u b l i c a t i o n Friday a f t e r n o o n , March 30, 1923; not e a r l i e r . St.3436c PRINCIPAL EE SOURCE A3® LIABILITY HEMS OF REPORTING MEMBER BANKS IN F. R. BANK AND BRANCH CITIES AND IN OTHER SELECTED CITIES Ivumber of r e p o r t i n g banks Loans and d i s c o u n t s , g r o s s : Secured by U. S. Govt, o b l i g . Secured by s t o c k s and bonds All o t h e r loans and discounts Total loans and discounts U. S. pre-war bonds U. S. L i b e r t y bonds U, S. Treasury bonds U, S, Victory notes and Treasury notes U. S. C e r t i f i c a t e s of indebtedness Other bonds, s t o c k s , and s e c u r i t i e s Total loans and discounts and investments Reserve balance with 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 payable and r e d i s c o u n t s with F. R. Bjank: Secured by U. S. Govt, o b l i g . All other Ratio of b i l l s payable and r e d i s c o u n t s with F. R, Bank to t o t a l loans and investments, per cent W. New York City Mar, 21 Mar. l 4 63 63 78,620 75,782 1,490,279 1,443,543 2,166,123 2 ,185,512 Ci t y of Chicago Mar. 21 Mar. 14 49 49 33,791 407,012 668,548 All F. R. Bank c i t i e s Mar. 21 Mar, 14 259 35,017 414,826 662,008 179,949 2,719,882 4,786,836 3,735,022 3,704,837 1,109,351 1,111,851 37,835 37,835 3,372 3,361 410,936 397,171 37,623 37,770 30,141 32,206 5,482 5,413 7,686,667 259 F. R. Branch c i t i e s Mar„ l 4 Mar. 21 207 207 40,474 40,591 49,283 49,117 179,534 480,402 479,048 2,682,693 549,624 553,084 4,801,271 1,555,150 1 , 5 5 5 , 7 6 4 a , 3 8 5 , 1 8 4 1,385,088 7,663,498 2,157,351 2,154,671 1,906,060 1,904,727 106,149 106,361 76,962 77,062 99,760 99,773 627,910 640,392 170,326 171,005 247,043 250,147 60,622 62,419 23,242 25,686 26,591 23,309 478,390 475,927 96,969 98,839 713,863 716,560 146,378 65,234 518,022 22,675 12,869 188,343 113,876 1,163,854 52,826 1,169,144 60,803 522,963 9,714 188,581 139,313 32,781 572,577 576,217 5,261,815 5,213,379 569,621 602,979 66,236 66,959 4,236,604 4 ,333,928 624,563 593,560 140,867 38,591 17,689 133,736 18,159 2.1 2.9 92,115 Other selecte d c i t i e s Mar. 21 Mar. 1^ 311 311 80,591 79,091 30,665 423 ,548 14,159 416,808 1,453,940 1,455,898 10,466,570 10,4O4,599 3,286,900 3,256,682 2,74o,86o 2,715,181 l4i,094 145,376 935,416 1 , 0 2 5 , 4 5 6 242,975 169 ,080 233,790 174,970 28,257 141,082 31,150 147,184 62,63s 57,514 77,249 78,766 1,001,167 1,026,472 7,585,931 7,799,253 1,895,632 1,924,4o6 1,702,375 1,739,955 373,184 1,941,130 1,911,124 1,160,117 1,160,132 375,157 820,018 821,905 15,650 8,593 235,696 60,146 74,549 27^624 25,371 8,897 26,744 12,166 2.7 25,074 8,431 2-3 177,733 108,796 200 ,457 97,242 2.7 2.9 56,871 27,043 2.6 51,721 19,089 2.2 24,925 20 ,924 1.7 21,701 15,324 1.4
@FedFRASER