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STATEMENT FOR THE PRESS Released, f o r p u b l i c a t i o n Monday morning May 10, 1920; n o t e a r l i e r f . s t , 1143 F e d e r a l Reserve Board, May S, 1920* c o i m m o N op m m g R BAms IN LEADim c i T i E s . Moderate i n c r e a s e s m demand d e p o s i t s of member banks l o c a t e d i n Federal Reserve Bank and Branch c i t i e s and some f u r t h e r l i q u i d a t i o n of T r e a s u r y c e r t i f i c a t e s and war loan p a p e r , t o g e t h e r w i t h i n c r e a s e d borrowings from the Reserve Banks, a r e i n d i c a t e d by the F e d e r a l Reserve B o a r d ' s s t a t e m e n t of c o n d i t i o n on A p r i l 30 of 812 member banks i n l e a d i n g c i t i e s * U n i t e d S t a t e s bond h o l d i n g s of the r e p o r t i n g i n s t i t u t i o n s show an i n c r e a s e f o r the week of 13«2 m i l l i o n s , l a r g e l y a t t h e New York C i t y banks, V i c t o r y n o t e s d e c l i n e d 3«9 m i l l i o n s , and Treasury c e r t i f i c a t e s - 22.1 m i l l i o n s , the New York banks r e p o r t i n g a r e d u c t i o n i n the l a t t e r item of 21*8 m i l l i o n s # Loans secured by U n i t e d S t a t e s war o b l i g a t i o n s ( s o - c a l l e d war p a p e r ) d e c l i n e d 1 0 , 8 m i l l i o n s , loans s e c u r e d by s t o c k s and bonds i n c r e a s e d 22*7 m i l l i o n s , p r a c t i c a l l y a l l in * New York C i t y , and a l l o t h e r l o a n s and i n v e s t m e n t s - 6 . 1 m i l l i o n s ( 2 1 , 1 m i l l i o n s i n New York C i t y ) , As a consequence, t o t a l l o a n s and i n v e s t m e n t s of r e p o r t i n g banks, i n c l u d i n g amounts r e d i s c o u n t e d w i t h F e d e r a l Reserve Banks, show an i n c r e a s e for the week of 5 , 1 m i l l i o n s , and those of t h e New York C i t y banks - an i n c r e a s e of millions, T o t a l a c c o m o d a t i o n t o a l l r e p o r t i n g member banks a s shown on t h e books of the F e d e r a l Reserve banks i n d i c a t e s an i n c r e a s e f o r t h e week of 3 5 , 7 m i l l i o n s , The Reserve Bank of New York r e p o r t s a c o r r e s p o n d i n g i n c r e a s e of 1 2 , 7 m i l l i o n s , B i l l s s e c u r e d by U n i t e d S t a t e s war o b l i g a t i o n s h e l d by the Reserve banks f o r a l l r e p o r t i n g i n s t i t u t i o n s i n c r e a s e d from 1 , 1 9 ^ 6 to 1 , 2 0 6 , 7 m i l l i o n s , w h i l e l i k e h o l d i n g s of t h e Reserve Bank of New York d e c l i n e d f r o m 491,9 t o 4 8 0 , 2 m i l l i o n s , Other d i s c o u n t e d paper h e l d f o r a l l r e p o r t i n g banks i n c r e a s e d from 906 to 929,6 a m i l l i o n s , the New York Reserve Bank r e p o r t i n g / s l i g h t l y l a r g e r i n c r e a s e of t h i s item, Government d e p o s i t s d e c l i n e d 20<7 m i l l i o n s a t a l l r e p o r t i n g b a n k s , and 15>9 m i l l i o n s a t t h e New York C i t y banks; o t h e r demand d e p o s i t s show an i n c r e a s e of 38,5 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 46,7 m i l l i o n s f o r the New York C i t y members. Time d e p o s i t s show a d e c l i n e of 2 , 6 m i l l i o n s . Reserve b a l a n c e s w i t h t h e Federal Reserve Banks show a nominal i n c r e a s e , w h i l e cash on hand, l a r g e l y F e d e r a l Reserve n o t e s , shows a r e d u c t i o n of 1 2 , 4 m i l l i o n s . Released for p u b l i c a t i o n Mond ^ I ™ ° ^ p ^ ° ^ E g ^ R C E ' ^ LIABILITY ITEMS OF REPORTING MEMBER BANKS IN LEADING CITIES (Amounts i n t h o u s a n d s o f d o l l a r s ) Apr.30,1920 Number o f r e p o r t i n g banks 8 1 2 ~ 2 > U. S. bends t o secure c i r c u l a t i o n 7 May 2 , 1 9 1 9 811 ^ 269,793 26S,6l2 269,287 Other U . S . bonds i n c l u d i n g L i b e r t y bonds 598,062 585,200 636,066 669,736 U. S. V i c t o r y n o t e s 198,432 202,316 298,637 —607,983 630,118 904,623 2,328,124 1,674,544 1,687,427 2,107,938 3,267,147 Total U. S. s e c u r i t i e s - - < : T / : T o t a l l o a n s and i n v e s t m e 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 . E. Bank - ! R e s e r v e b a l a n c e w i t h F . E . Bank ; Cash i n v a u l t N e t demand d e p o s i t s - - - - - Government d e p o s i t s B i l l s payable with S e c u r e d by U . S . All other B i l l s rediscounted S e c u r e d by U . S . 17,091,860 17,086,755 16,115,200 14,923,002 1,415.145 1,413,648 1,403,171 1,273,146 355.372 367,831 358,771 347,3^ 11,461,324 11,422,770 11.284,902 10,322,632 2,621,640 2,194.156 1.720.352 "0,822 355,360 727,9=5 x *'cn? ) 1,19^89 1,244,113 ^ \ 902)060 ) 503,^0 243,671 .6l9.°27 ^ F e d e r a l R e s e r v e Bank: war o b l i g a t i o n s ^ • -> w i t h F e d e r a l R e s e r v e Bank: war o b l i g a t i o n s * R a t i o o f UJ S . war s e c u r i t i e s and war paper t o t o t a l l o a n s a n d i n v e s t m e n t s , i n c l u d i n g r e d i s c o u n t s w i t h F . R. Bank, p e r c e n t w1.oc.j3s 2 Time d e p o s i t s m Oct.31,1919 70,06l TJ, S, C e r t i f i c a t e s o f i n d e b t e d n e s s h Apr.23,1920 9 2 4 731 (a) ^ ^ h ^ ! r! S t . 1143b 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 , ..ay 10, 1920; , n o t e a r l i e r . PRINCIPAL RESOURCE AND LIABILITY ITEI/iS OF ALL REPORTING MELIBER BANKS IN EACH FEDERAL RESEBVE DISTRICT AT CLOSE OF BUSINESS APRIL 30, 1920. Cftmounts i n t h o u s a n d s of d o l l a r s ) : Bos t o n New York P h i l a . C l e v s l. San F r a n . Federal Reserve D i s t r i c t Total 46 117 82 44 47 812 57 92 107 83 67 No. r e p o r t i n g b a n k s 35* 35 U. S . b o n d s t o s e c u r e c i r c u 47,498 11,347 41,925 27,411 14,015 21,401 16,926 7,221 15,078 19,573 lation 13,0bl 270,061 34,605 Other U- S . i n c l u d i n g L i b e r t y bonds 14,107 240,214 59,211 34,488 29,249 65,12s 12,994 10,239 23,393 17,654 29,925 61,46o 598,062 10,364 8,311 19,587 5,381 » U. 5 . V i c t o r y n o t e s 7,247 25,9^5 1,235 198,438 12,59^ 5,332 3,552 2,939 35,939 4 U. S . C e r t i f i c a t e s of 57,643 77.664 13,84i 7.890 8.376 18,922 3b.4s5 32,376 18,670 18.905 indebtedness 38, 631 278 f 91)0 607.923 109,279 200,132 46,700 26,585 52,185 59,707 652,587 T o t a l U. S- s e c u r i t i e s 72,746 145,094 1,674,544 153,093 5^,880 67,550 Loans and i n v e s t m e n t s i n c l u d ing b i l l s r e d i s c o u n t s ! with F- R- Bank? 113,208 Loans s e c . b y U-S-war o b l i g 59,930 541,381 85,879 3 7 , 0 9 1 27,061 1 1 2 , 1 7 0 3 2 , 8 5 7 2 0 , 4 5 9 2 4 , 5 4 4 1 0 , 7 8 5 30,649 1,102,334 199,449 Loans s e c .by stonks&bonoLs 193,163 1 , 3 4 9 , 0 4 7 342,520 108,630 62,363 4 6 3 , 8 4 3 157,538 32,076 80,750 33,367 147,540 3,170,316 888 , 210 3 8 7 , 1 0 1 418,527 1 , 7 7 0 , 5 0 0 404,6-01 3 0 0 , 8 5 8 5 4 0 , 9 9 8 2 5 4 , 0 4 8 577,419 A l l o t h e r loansccinvestments 751,756 3 , 9 1 4 , 7 2 4 935,924 11,144,666 T o t a l l o a n s and i n v e s t ~~ \ c o u n t s w i t h F» R» Bank "Reserve "balance w i t h F~ Bank 1 ,077,615 6,457,739 999,355 1,469,702 621,702 575,301 2,546,645 647,696 379,975 698,807 3 5 7 , 9 0 7 1, 259, 207 17,051,860 78,545 695,713 65, 800 98,251 36,481 33,633 194,575 4o,737 21,836 45,012 2b, 472 75,050 1,413,145 23,284 114,657 15,731 30,584 14,598 67,663 10,237 8,377 14,869 10, 143 27,570 355,372 Net demand d e p o s i t s 799,364 5>243;462 659,140 Time d e p o s i t s 138,594 4lo,4j3 26,673 11,468' 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- Banlc: B e c - \ y U.Svwar o b l i g a t i o n s 37,249 — All o Jiar 92,265 . 7,289 355,114 105,542 Cash i n v a u l t F , S, Sec.by U,S,war o b l i g a t i o n s All C h e r 25 , 238 48,144 - 165,231 202,677 - 55,403 23,606 17,659 864,415 350, 211 285,741 1,433,969 334,290 220,029 427,953 235; 431 364,22b 103,278 149,090 6,252 613,314 122,656 607,319 11,461,324 64,162 96,907 44,sio 478,878 2,619,027 l,24o 2,183 13,204 150,136 2,675 3,620 5,752 3,200 982 46,038 47,500 455 4i 4o,344 118,220 31,501 2,655 12,862 250 26,645 30,732 1,060 215 36,45s 85 889,345 4,351 16,415 8,520 48,792 30,028 5,471 44,73s 14,229 255,903 11,835 69,91s 5,844 4s,022 5,402 71,927 2,814 62,202 317,420 924,731 60 1,018 18,774 R e l e a s e d f o r p u b l i c a t i o n Monday morning, May 10, 1920: not e a r l i e r . PRINCIPAL RESOURCE AND LIABILITY ITEMS OF REPORTING MEMBER BANKS IN F . R. BANK AUD BRANCH CITIES AND ALL OTHER REPORTING BANKS — (Amounts i n thousands of dollars') Ap"y3=f-°£^ Number of r e p o r t i n g banks - 73 y2 50 3 A p r t v r i . 2J RO j j g g r ; - J ! 1 g| j 1 1 1 1 1 1 r e d i s c o u n t e d w i t h F . R„ Bank; r e d i s c o u n t s w i t h F« H. Bank 5.735.701 5.7fiU n « i r r q kee •, \lM ,, ,c, . Reserve b a l a n c e w i t h F. R« Bank 649,523 646,849 136,905 140,120 1,042,539 1,046,602 Cash i n vau.}.t 100,744 106,742 38,145 39,324 200,371 209,341 4,726,805 4,680,133 976,485 963,902 8,007,150 7,953,521 l ,759,489 1 , 7 4 5 , 6 3 9 1,694,685 1 , 7 2 3 , 6 1 0 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; Secured by U. S. war 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 with F, R. Bank: Secured by U . S . war o b l i g a t i o n s All other R a t i o of U. S. war s e c u r i t i e s and war paver to t o t a l loans and i n v e s t m e n t s , j.:... tuding r e d i s c o u n t s w i t h F. R. Bank pji ~eiii ' 205,042 . 200,805 167,564 166,241 72,815 72,981 82,186 85,509 301,163 300,889 273,763 275,462 1,174,756 1,173,243 868,014 872,210 576,257 576,187 89,908 105,775 3,081 3,632 124,372 146,381 ll,4i4 13,490 14,350 10,951 318,466 342,732 53,688 53,350 161,676 183,24s 149,218 158,844 18.4 I8.7 — 605,917 1,000 618,006 — - 172,402 2,890 164,693 3,052 111,026 961 106,396 860 6,602 196,440 6,659 205,026 267,155 665,607 256,908 658,359 30,898 l4i,i4i 31,048 137,397 19,367 117,923 17,509 106,304 15.5 15.6 13-9 l4.i 12.3 12.3 9-7 9.7
@FedFRASER