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STATEMENT FOB THE PRESS Released 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 31; not e a r l i e r . St.27CO. Federal Reserve Board, March 30, 1922. CONDITION OF MEMBER BANKS IN LEADING CITIES. Aggregate l i q u i d a t i o n of $32,000,000 of loans and investments, r e d u c t i o n s of $260,000,000 i n n e t demand d e p o s i t s and of $166,000,000 i n r e s e r v e s , i s i n d i c a t e d i n the Federal Reserve Board's weekly c o n s o l i d a t e d statement of condition on March 22 of 80$ member banks i n l e a d i n g c i t i e s . During the week a l a r g e amount of income tax checks was c l e a r e d and corresponding charges were made to d e p o s i t o r s ' accoun s . Net c l e a r i n g balances i n f a v o r of the Reserve banks were cnarged to member bank account on the books of the Federal r e s e r v e banks, and in a d d i t i o n t h e r e was a l a r g e s h i f t i n g of funds, mainly from .= 0 t h e r c e n t r a l r e s e r v e c i t i e s . Hie e f f e c t i s seen in the s u b s t a n t i a l decrease of r e s e r v e balances above shown. The r e p o r t i n g i n s t i t u t i o n s show a reduction of $45,000,000 in t h e i r oldxngs of Treasury c e r t i f i c a t e s and of $11,000,000 i n Victory n o t e s , Ur A0 3 * n c r e a s e s of $19,000,000 in Treasury notes and of ' honds. Their borrowings from the reserve banks i n creased during the week from $226,000,000 to $252,000,000, or from 1 - 5 to 1.7 per cent of t h e i r t o t a l loans and investments. Following i s a statement of changes in the p r i n c i p a l items, a s compared with f i g u r e s of a week and year ago: Increase or Decrease In m i l l i o n s of d o l l a r s since March 15. 1922 March 25, 1921 Loans and discounts - t o t a l Secured by U. S. Government o b l i g a t i o n s Secured by stocks and bonds All other Deer. Deer. Deer. 16 12 DeerDeer. Inc. Deer. Ir.ve s teen t s , to t a l U. S. bonds Victory notes U- S« Treasury notes Treasury c e r t i f i c a t e s Other stocks and bonds Deer. Inc. Deer. Inc. Deer. Inc. 16 Inc. Inc. Deer. Inc. Deer. Inc. 143 130 383 Reserve balances with F. R. banks Cash in v a u l t Deer. Deer- 166 Deer. Deer. 3 44 Government d e p o s i t s Net demand d e p o s i t s Time deposits Deer. Deer. Inc. 260 17 19 Deer. Inc. Inc. 105 152 201 Total accommodation a t F . R. banks Inc. 26 Deer. 4 9 11 19 45 12 1 1,692 362 104 1,440 320 106 30 1,512 Released 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 31, 1922; not e a r l i e r . PRINCIPAL RESOURCE AND LIABILITY ITEMS OF REPORTING MEMBER BANKS IN LEADING CITIES, — — _____ (Amounts i n thousands of d o l l a r s ) ferch Number of r e p o r t i n g banks 2271922 S 5 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 rediscounted w i t h V R "sink° Secured by U. S. Govt, o b l i g a t i o n s ' ... ... u U S T °b!ndsCariS and -.s- : — Z Z 2 Z T t ™ 1 : :::::::::: ™ ' 8 M U S r9diS 'd",ia F 'fi'Bk" » . f : 7,363,6UU 14 Sept. 21, 1521 510 ~ , EEFch 25, 1921 S2 3 :in 7,364,229 7.972,016 1|017>677 10,909,042 1.C09.0U2 11,5^,165 870,244 12.5S0.5S1 574,843 63,093 74,269 166,263 192,730 3S2,620 , 363.920 164,655 - - - - - - U» S. C e r t i f i c a t e s of indebtedness 805 3 10,892,672 U. S. Treasury n o t e s Z : diSC0UntS U- s . Victory n o t e s J : : March 15, 1922 St-2%OOa. '60:'"9 14,543,071 5,203,752 1 5 . 9 ^ Cash i n v a u l t 272,51 i n Tiire deposits Governrer.t deposits B i l l s payable with Secured by U. SAll other ,, B a l l s rediscounted Secured by U, S< . . . . Federal Reserve Bank: Govt, o b l i g a t i o n s with Federal Reserve Bank: Govt, o b l i g a t i o n s All o t h e r r^atio of b i l l s payable and rediscounts with F. R. Bank to t o t a l loans and investments, per cent _ _ _ _ _ _ _ _ _ _ _ _ _ _ ~ ~ 3 0 1 , 4 4 5 3 i u ^ 10.337,66U 10,59S,1S4 9.633,196 .10.185,787 3.132,-921 224,114 3,113,381 24i,o4g 2,915,659 549.131 2.532,4 7 2 zpg ci? * 468 224,323 7Q4 573.124 7 OQ% 162,'o68 135:4% 570^77 og.'S , 'i , ^ 1-5 5-8 11.0 ^ n "" ~ ,9 - n1 ^ fc2 126 '°J° 2O7 ' R70 * Revised f i g u r e s . 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 31. 1922; n e t e a r l i e r . St.2700b. PRINCIPAL RESOURCE AND LIABILITY ITEMS OF ALL REPORTING MEMBER BAMS IN EACH FEDERAL RESERVE DISTRICT AT CLOSE OF BUSINESS MAR. 22, 1922. : (Amounts i n thousands of d o l l a r s ) New York Phil aCleve. Rich. Boston Atlanta Chicago St.Louis Minn., Kans.Cy . Dallas San Fran. Federal Reserve D i s t r i c t Total Number cf reporting hanks 108 58 82 49 85 43 68 109 52 79 805 35 37 Loans and discounts, including "bills rediscounted with F• R. Bank: Secured "by U.S.Govt, o b l i g . 42,450 16,390 11,241 135,646 39,478 23,293 17,218 69,437 14,288 9,249 13,661 5,419 397,770 Secured by stocks and bonds 324,317 106,178 53,366 433,851 120,733 3 l , H 3 64,742 40,826 143,188 3,131,258 205,957 1,411,192 195,795 All other loans & discounts 567,772 '2,465.POO 332^818 628,153 312,910 290,547 1,047,914 289,555 195,410 346,467 188,638 694,660 7,363,644 Total loans and discounts 797,022 4,012,638 568,091 994,920 435,47s 355,154 1,551,202 424,576 238,772 424,870 234,883 855,066 10,892,672 U- S. bords 49,241 U- S. Victory notes 2,271 13,855 413,100 45,170 21,535 5,495 126,652 57,696 25,033 4,727 1,398 1,101 83,880 7,678 24,745 18,301 37,813 34,903 98,143 1,017,677 3,830 879 5,821 2,070 937 11,172 63,093 382,620 1,145 1,417 985 14,026 241 81,670 267 306 8,006 7,579 162,06% U- S. Treasury notes 232,319 18,078 25,676 5,426 1,347 40,505 7,563 7,360 20,271 4,399 U. S. C e r t i f i c a t e s of 16,240 6,008 76,426 7,447 indebtedness 8,605 4,747 5,306 4,305 8,505 4,778 9,743 16,962 169,072 274,06u 49,487 33,665 8,468 Other "bonds,stocks & s e c u r i t i e s 141,895 718,389 164,716 383,048 70,333 22,108 48,169 165,267 2,079,605 Total loans and discounts and investments, including b i l l : 3 rediscounted with F.R.Bk. 1,012,789 5,474,407 811,997 1,435,778 553,790 421,078 2,082,553 537,055 294,486 525,029 288,896 1,166,881 14,604,739 88,432 32,682 30,949 186,394 43,907 20,858 39,126 21,836 ' ,75,523 1,256,746 Reserve balance with F. R. Bank 74,534 579,837 62,668 48,196 6,864 6,124 11,519 9,271 87,068 14,794 27,040 13,553 9,136 20,249 Cash i n vault 17,434 271,248 Net demand deposits 730,035 4,662,057 625,053 790,881 299,522 234,763 1,327,827 311,649 180,879 390,708 201,890 582,400 10,337,664 Time d e p o s i t s 193,786 536,283 48,517 473,726 135,002 142,123 662,103 158,198 75,591 104,449 62,635 540,508 3.132,921 7,149 5,602 4,872 27,709 20,154 6 , 4 l l 5,211 Government deposits 7,372 15,036 224,114 19,550 89,679 15,369 B i l l s payable with F.R.Bank: Secured by U.S.Govt.oblig. All other 3,588 - B i l l s rediscounted with F.R.Bank: Secured by U.S.Govt.oblig. 1,183 All o t h e r 18,389 15,844 17,219 - 357 27 , 457 2,961 13 , 591 5,289 26 487 25,036 15,009 - 717 20,787 1,921 - 2,827 - 519 9,812 425 15,781 2,396 - - 156 5,987 152 1,932 - 316 7,139 - - 3,651 Released f o r p u b l i c a t i o n Friday a f t e r n o o n , Mar. J l , ly22, not e a r l i e r . St,2700c. PRINCIPAL HESOURCE AND LIABILITY ITEMS OF REPORTING MEMBER BANKS IN F, R. BANK AND BRANCH CITIES AND IN OTHER SELECTED CITIES. ___ (Amounts i n thousands of d o l l a r s ) * A l l F. Ri F. R. ~ " ™ Other New York City City of Chicago Bank c i t i e s Branch c i t i e s selected c i t i e s Mar. 22 • Mar. 15 Mar, 22 Mar, 15 Mar. 22 Mar, 15 Mar, 22 Mar. 15 Mar, 22 Mar, 15 67 67 Number of r e p o r t i n g banks bf b? 50 50 275 275 212 212 318 318 Loans and d i s c o u n t s , including 279,139 28b,154 2,245,466 2,252,578 456,866 65,238 456,021 554,333 548,987 232,874 228,669 8,894 32,389 40,308 16,989 18,075 13,715 15,886 24,037 25,985 283,164 51,920 46,881 35,684 33,275 7,379 174,701 37,8^8 295,016 115,694 154,783 32,684 20,694 24,039 180,961 1,123,042 1,115,772 586,3:9 35,051 *583,872 370,194 367,402 120,692 1,239,066 2,178,040 127,117 1,221,474 2,181,588 57,554 312,032 669,4oo 56,670 328,738 361,642 28,417 29,127 16,082 353,546 14,022 3,539 221,931 208,679 U. S. C e r t i f i c a t e s of indebtedness 70,498 bonds, s t o c k s ana s e c u r i t i e s 535,419 77,042 322,2^8 Secured by U, S. Govt, o b l i g . Secured by stocks and bonds A l l other loans ^vnd discounts T o t a l loans and discounts U, S. bonds TJ. S. Victory notes U, S, Treasury notes 673,955 4.677.912 4,696,252 1,387,522 1.380,408 3,537,79S 3,530,479 1 ,038,986 1,064,363 7,202,517 7,234,984 1,907,631 1,901,667 Total loans and discounts and investments, 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 with F, R. Bank 4,743,370 .Reserve balance with F, R. Bank 534,737 653,827 75,617 74,062 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 with F„ R, Bank: Secured by U. S, Govt, o b l i g a t i o n s A l l other B i l l s r e d i s c o u n t e d with F, R. Bank: Secured by U, S, Govt, o b l i g a t i o n s A l l other R a t i o of b i l l s payable and rediscounts w i t h R . Bank to t o t ^ l loans and investments, per cent 63,243 1,347,198 9,322,991 9,317,998 2,828,467*2,814,215 2,453,281 2,444,979 212,949 149,984 162,366 138,420 193,697 913,065 1,048,054 132,549 51,818 152,266 52,871 27,400 68,435 69,73? 148,639 27,926 4,706,026 1,277,059 4,182,516 4,310,969 909,631 945,722 316,595 1,465,996 1,453,107 344,688 337,062 316,783 83,183 96,461 19,580 3,770 6,107 1,035 - 55,388 58,581 426,241 428,926 1,298.210 1,287.569 1,782,524 1,772,391 230,470 231,386 - 274 16,202 628 5,530 .4 *3 - 7,204,981 7,412,824 1,633,705 1,666,183 956,929 959,079 29,174 37,126 707,8.46 703,9*5 21,208 24,177 22,564 24,6o4 165,780 187,698 580 39,669 38,156 20,506 241 21,406 345 21,495 26 944 27,276 42,540 - - 5,200 6,937 4,025 88,322 5,630 67,786 925 31,206 .6 .3 1.4 1.2 1.9 300 1,498,978 1,519,187 - 1.8. ''Revised 1,454 2,7 123 1,499 40,362 2„6
@FedFRASER