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STATEMENT FOE THE PRESS s tv. 2w7»7 16 .~ % F e d e r a l Reserve Board, May 11, 1922. Eeleased f o r p u b l i c a t i o n Friday a f t e r n o o n , May 12; not e a r l i e r . CONDITION OF MEMBER BANKS IN LEADING- CITIES. Aggregate i n c r e a s e s of $28,000,000 i n c o r p o r a t e s e c u r i t y h o l d i n g s and of $4-1,000,000 i n l o a n s supported by such s e c u r i t i e s , a l s o a f u r t h e r a d d i t i o n of $36,000,000 to the investments i n Government s e c u r i t i e s , as a g a i n s t a t o t a l r e d u c t i o n of $19,000,000 i n l o a n s secured by Government o b l i g a t i o n s and commercial l o a n s p r o p e r , a r e shown i n t h e 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 May 3 of 800 member banks i n l e a d i n g c i t i e s . For member banks i n New York C i t y i n c r e a s e s of $31,000,000 i n c o r p o r a t e s e c u r i t i e s , of $26,000,000 i n loans supported by such s e c u r i t i e s , and of $16,000,000 i n United S t a t e s s e c u r i t i e s , ' a s a g a i n s t a r e d u c t i o n of $38,000,000 i n other l o a n s , a r e noted. Government d e p o s i t s of t h e r e p o r t i n g banks f e l l o f f about $19,000,000, while o t h e r demand d e p o s i t s ( n e t ) increased by $92,000,000 and time d e p o s its . - by $14,000,000, T o t a l borrowings from the r e s e r v e banks i n c r e a s e d from $159,000,000 t o $180,000,000, or from 1 . 1 to 1 . 2 p e r c e n t of t h e r e p o r t i n g b a n k s ' a g g r e g a t e loans and investments. For member banks i n New York City an i n c r e a s e from $8,000,000 to $28,000,000 i n t o t a l borrowings from the l o c a l r e s e r v e bank and from 0 . 2 to 0 . 6 p e r cent i n t h e r a t i o of t h e s e borrowings t o t o t a l loans and investments i s shown. Reserve b a l a n c e s , i n keeping with t h e s u b s t a n t i a l i n c r e a s e i n d e p o s i t l i a b i l i t i e s o f . t h e 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 of $28,000,000, of which $5,000,000 r e p r e s e n t s the i n c r e a s e a t the New York City banks. Cash i n v a u l t shows a nominal d e c l i n e . Following i s a s t a t e m e n t of changes i n t h e p r i n c i p a l items, as compared with a week and a y e a r ago: Increase or Decrease In m i l l i o n s of d o l l a r s since A p r i l 26. 1922 May 4 . 1921 Loans and d i s c o u n t s - t o t a l Secured by U. S. Government o b l i g a t i o n s Secured by s t o c k s and bonds All other Inc. Dec. Inc. Dec. 22 8 41 11 Dec. 1,385 Dec. 398 Inc. 287 Dec. 1,274 Investments, t o t a l U. S. bonds Victory n o t e s U. S. Treasury n o t e s Treasury c e r t i f i c a t e s Other s t o c k s and bonds Inc. Inc. Inc. Inc. Dec. Inc. 64 30 7 11 12 28 Inc. Inc. Dec. Inc. Dec. Inc. 592 263 100 397 60 98 Reserve b a l a n c e s w i t h F. R. banks Cash i n v a u l t Inc. Dec. 28 1 Inc. Dec. 92 50 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 Dec. Inc. Inc. 19 92 14 Dec. Inc. Inc. 21 554 257 T o t a l accommodation a t F. B. banks Inc. 21 Dec, 1 , 3 5 3 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 , May 12, 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 ) Nov. 2, 1Q21 A p r i l 26, 1922 May 3, 1922 801 808 800 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 r e d i s c o u n t e d w i t h F. R. Bank: Secured by U. S» Govt, o b l i g a t i o n s - - - - - - - - - - - - - - - - - 546,445 345,767 353,830 Secured by 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 ) - - - - - - - - 3,290,546 3,?4Q,S10 3,069,905 A l l o t h e r l o a n s and d i s c o u n t s - - - - - - - - - - - - - - - - - - - - - - 7 . 2 3 1 , 3 4 1 7,752,09C) 7,242,469 T o tal loans and d i s c o u n t s - - - - - - - - - - - - - - - - - - - - - - - lO.s67.654 10,546,109 11,398,449 St.2776a, May 4 , 192 821 743,686 3,004,012 8,504,993 12,252,691 1,130,136 1,100,465 895,675 566,633 55,754 82,097 165,853 189,431 396,309 146,584 385,779 117,156 - 155,9-5 216,395 206,461 2.165,142 2,137,294 14,710,669 2,052,867 2,066,793 14,849,395 15,582,009 1,353,418 1,325,346 1,247,699 1,260,955 Cash i n v a u l t - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 277,202 277,638 290,157 327,314 Net demand d e p o s i t s - - - - - - - - - - - - - - - - - - - - - - - - - - - - 10,767,846 10,676,347 10,179,779 10,214,260 3,197,954 3,153,745 2,987,820 2,941,238 159,027 207,665 257,991 210,356 76,587 906 57,197 1,002 218,690 1,513 469,628 1,245 3,005 ' 95,249 39,638 507,371 186,175 875,979 5.2 9.8 U. S. bonds - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - U. S. V ic to ry n o t e s - - - - - - - - - - - - - - - - - - - - - - - - - - U. S. Treasury n o t e s - - - - - - - - - - - - - - - - - - - - - - - - - - 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 - - - - - - - - - - - - - - - - - - - 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 . , i n c l u d i n g b i l l s r e d i s ' d . w i t h F . R . B k . - - 14,795,079 Reserve b a l a n c e w i t h F . R. Bank - - - - - - - - - - - - - - - - - - - - - - Government d e p o s i t s - - - - - - - - - - - - - - - - - - - - - - - - - - B i l l s payable w i t h F e d e r a l Reserve Bank: Secured by U» S. Govt, o b l i g a t i o n s - - - - - - - - - - - - - - - - - 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 Reserve Bank: Secured by U. S, Govt, o b l i g a t i o n s - - - - - - - - - - - - - - - - - R a t i o of b i l l s payable and r e d i s c o u n t s w i t h F, R. Bank t o t o t a l loans and i n v e s t m e n t s , p e r cent - - - - - - - - - - - - - - - 2,818 100,121 1.2 1.1 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 , May 12, 1922; not e a r l i e r . St.2776b. PRINCIPAL RESOURCE AID LIABILITY ITEMS OF ALL REPORTING MEMBER BAMS IN EACH FEDERAL RESERVE DISTRICT AT CLOSE OF BUSINESS, MAY ,3, 1322. (Amounts i n thousands of d o l l a r s ) F e d e r a l Reserve D i s t r i c t Boston New York P h i l a . Cleve. Rich. A t l a n t a Chicago S t . L o u i s Minn,, Kans.Cy D a l l a s San Fran. Total 800 Ifumber of r e p o r t i n g banks 68 106 57 52 81 49 42 85 109 79 35 37 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 with F, R, Bank: Secured by U . S . G o v t . o b l i g . 16,861 20,426 345,767 120,966 32,031 4,931 8,263 11,607 34,307 13,726 10,006 59,321 13,322 Secured by s t o c k s and bonds 143,681 3,290,546 209,011 1 ,522,198 214,379 326,252 111,746 54,969 444,860 124,311 29,979 65,379 43 >781 All other loans & discounts 558,530 2,350,388 318,038 630,290 306.641 285,908 1,066.650 276.347 196,684 348,2)3 189,675 703,757 7,231,341 T o t a l loans and d i s c o u n t s s64-,2C9 10,867,654 727,967 3,993,552 564,445 990,849 432,113 350,883 1,570,831 413,980 234,926 425,219 238,587 U. S. bonds 69,621 104,758 1,130,136 461,544 48,319 132,120 55,177 24,577 108,849 27,219 21,397 44,462 32,093 U. S. V i c t o r y n o t e s 88,754 9,260 414 1,654 2,745 45,636 9,370 7,316 1,083 6,022 3,701 955 598 U. S. Treasury n o t e s 19,246 10^696 22,680 396,809 250,029 15,306 8,163 3,651 4,618 6,267 49,100 1,694 5,359 U. S. C e r t i f i c a t e s of indebtedness 6,912 146,584 20,436 10,354 53,277 6,397 5,920 5,968 2,458 6,500 4,655 17,890 5,817 Other b o n d s , s t o c k s & s e c u r i t i e s 148,070 161,467 2,165,142 784,938 174,929 270,378 49,737 32,744 7,563 387,694 74,373 21,801 51,448 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 F.R.Bk. 1,026,011 5,588,976 818,769 1,433,697 545,186 415,151 2,140,386 531,357 293,201 534,110 288,769 1,179,466 14,795,079 Reserve b a l a n c e w i t h F. R. Bank 83,209 644,187 68,799 92,582 33,433 30,851 78,793 1,353,418 188,777 43,769 19,783 46,751 22,484 Cash i n v a u l t 88,523 14,388 16,373 20,094 277,202 28,532 13,882 9,202 8,961 5,804 11,874 6,837 52,732 Net demand d e p o s i t s 806,264 311,247 239,086 1,381,752 315,093 180,908 400,412 205,332 772,043 4,900,093 659,725 595,891 10,767,846 Time d e p o s i t s 200,526 576,462 50,339 542,842 3,197,954 473,682 134,120 145,337 662,026 161,068 77,318 109,962 64,272 Government d e p o s i t s 16,044 71,707 13,254 14,074 189,027 18,197 4,701 5,807 24,043 6,778 6,769 3,774 3,879 B i l l s payable w i t h F.R.Barik: Secured by U . S . G o v t . o b l i g . 2,081 All other B i l l s r e d i s c o u n t e d w i t h P.R.Bank: Secured by U . S . G o v t . o b l i g . 94 All other 8,621 33,435 9,436 - 1,043 11,953 250 5,038 3,813 26 7,256 500 117 16,218 340 15,334 862 - 116 4,047 10,118 851 141 2,759 - 365 12,557 101 3,944 — 2,118 2,316 - 169 6,175 295 3,365 239 76,587 906 • 10 3,261 213 10,855 2,818 100,121 - 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 , May 12; n o t e a r l i e r . , 2776c PRINCIPAL BESOUBCE 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. R. Other F. R. New York City C i t y of Chicago Bank c i t i e s Branch c i t i e s selected c i t i e s May 3 Apr. 26 May 3 Apr. 26 May 3 Apr. 26 May 3, Apr. 26 May 3 Apr. 26 Number of r e p o r t i n g banks 65 66 50 50 272 273 211 211 317 317 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 r e d i s ' d . w i t h F. R. Bank: Secured by U. S. Govt, o b l i g . 108,967 115,510 48,192 47,811 242,919 250,086 54,072 54,055 48,776 49,689 Secured by s t o c k s and bonds 1,343,495 1,316,687 328,282 310,389 2,389,786 2 , 3 4 6 , 3 1 5 >, -f 472,527 465,909 428,233 434,58& A l l o t h e r l o a n s and d i s c o u n t s 2,068.210 2,098.751 683,971 668,433 4,561.747 4,570,249 1,394.434 1,391.944 1.275.160 1,280.276 T o t a l l o a n s and d i s c o u n t s 3,520,672 3,530,950 1,060,445 1,026,633 7,194,452 7,166,650 1,921,033 1,914,908 1,752,169 1,764,551 U. S. bonds 414,149 403,150 49,641 38,892 648,581 623,604 244,255 239,498 237,300 237,363 U. S. V i ct o ry n o t e s 41,600 36,416 4,227 4,o46 63,998 11,091 12,115 57,855 13,665 12,127 U. S. Treasury n o t e s 238,570 236,320 29,222 22,088 308,460 300,496 54,474 53,624 33,875 31,659 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 45,756 47,353 10,267 14,652 101,464 92,346 38,809 18,652 16,933 37,305 Other bonds, s t o c k s , and s e c u r i t i e s 5 9 5 , 6 5 4 , 565.106 174.047 177,728 1,193,845 1.165.518 589,463 381,834 381,317 590,439 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 F. R. Bank 4,857,998 4,820,695 1,327,549 1,284,039 9,501,682 9,415,607 2,560,195 2,549,393 2,433,202 2,445,669 Reserve b a l a n c e w i t h F. R. Bank 599,605 124,446 134,470 595,347 997,254 202,762 199,461 976,339 153,402 149,546 76,264 Cash i n v a u l t 77,440 29,112 30,370 150,647 152,323 53,762 54,331 70,984 72,793 Net demand d e p o s i t s 4,414,521 4,383,286 963,485 916,070 7,558,238 7,494,066 1,678,139 1,662,252 1,501,469 1,519,999 Time d e p o s i t s Government d e p o s i t s B i l l s payable w i t h Secured by U. S. A l l other B i l l s rediscounted Secured by U. S. A l l other F. R. Bank: Govt, o b l i g a t i o n s 382,573 379,448 312,885 310,959 67,312 74,257 17,428 19,415 137,809 151,433 23,890 4,550 2,618 1,325 43,o4i 23,534 1,503,998 1,494,167 — with F, R. Bank: Govt, o b l i g a t i o n s Ratio of b i l l s payable and r e d i s c o u n t s with F. R. Bank t o t o t a l l o a n s and investments, per cent 1,006 3,656 1,052 2,456 300 4,130 .6 .2 .5 300 1,835 .3 1,802 45,393 1,784 41,420 1.0 .7 . 978,942 974,151 35,945 38,977 16,878 239 608 19,678 1.3 715,014 715,427 15,273 17,255 17,723 342 16,668 667 15,890 660 694 24,615 408 35,050 527 32,214 1.5' . 2.2 2.0
@FedFRASER