The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
Released for publication Friday afternoon, May 19; not earlier. STATEMENT FOE THE PRESS St.2785. Federal Reserve Board, May IS, 1922. CONDITION OF MEMBER BANKS IN LEADING CITIES. Further increases of $26,000,000 in holdings of corporate securities and of $20,000,000 in loans based on such securities besides an increase of $33,000,000 in the total investments in Government securities, as against a total reduction of $12,000,000 in loans secured by Government obligations and in ordinary commercial loans, are indicated in the Federal Reserve Board's weekly statement of condition on May 10 of 799 member banks in leading cities. For member banks in New York City the statement shows but a nominal addition to Corporate security holdings, an increase of $25,000,000 in loans supported by such Securities and an increase of $16,000,000 in U. S. securities, as against reductions of $7,000,000 aach in loans secured by Government obligations and in other^ i.e., commercial, loans. Total loans and investments of the reporting institutions show an increase for the week of $67,000,000, of which $28,000,000 represents the increase in New York City. Government deposits declined by about $9,000,000, while other demand deposits (net) increased by $61,000,000 and time deposits (largely in New York City) - by $45,000,000. Total borrowings from Federal reserve banks declined from $180,000,000 to $150,000,000, or from 1,2 to 1.0 per cent of the reporting banks' aggregate loans and investments. For member banks in New York City a more than corresponding decrease from $28,000,000 to $9,000,000 in borrowings from the local reserve bank and from 0.6 to 0.2 per cent in the ratio of these borrowings to total loans and investments is noted. Reserve balances, in keeping with the substantial increases in demand and time deposits* show an increase of $37,000,000, largely in New York City. Cash in vault went up $3,000,000, of which $1,000,000 represents the increase at the New York banks. -'Following is a statement of changes in the principal items, as compared with a week and a year ago; Increase or Decrease In millions of dollars since May 11, .1921 May 3, 1922 Loans and discounts - total Secured by U. S. Government obligations Secured by stocks and bonds All other Inc. Dec, Inc. Inc. 8 14 20 2 Dec. Dec. Inc. Dec. 1,320 404 317 1,233 Investments, total U. 5. bonds Victory notes U. S. Treasury notes Treasury certificates Other stocks and bonds • Inc. Inc. Inc. Inc. Dec, Inc. 59 28 6 9 693 286 94 4o6 26 Inc. Inc. Dec. Inc. Dec. Inc. Reserve balances with F. R. banks Cash in vault Inc. Inc. 37 3 Inc. Dec. 133 59 Government deposits Net demand deposits Time deposits Dec. Inc. Inc. 61 9 45 Inc. Inc. Inc. 12 577 295 Total accommodation at F. R. banks Dec, 30 Dec. 1,356 10 60 155 Released for publication, Friday afternoon, May 19, 1922; not earlier. St,2785a. PRINCIPAL RESOURCE AND LIABILITY ITEMS OF REPORTING MEMBER BANKS IN LEADING CITIES 'Amounts in thousands of dollars) Number of reporting banks Loans and discounts, including bills rediscounted with F, R. Bank: Secured by U. S. Govt, obligations Secured by stocks and bends (other than U. S. securities) All other loans and discounts May 10, 1922 799 I ~ I I Total loans and discounts U. S. bonds U. S. Victory notes U, S. Treasury notes U. 5. Certificates of indebtedness Other bonds, stocks and securities Total loans & discounts & invest.,including bills redis'd.with F.R.Bk.- Reserve balance with F. R, Bank Cash in vault Net demand deposits Time deposits Government deposits Bills payable with Federal Beserve^BteolE: Sec-arod by U. S. Govt, obligations - . All other - - - - - - - - Bills rediscounted with Federal Reserve Bank: Socur3d by U. S. Govt, obligations - - „ „ All other - - - Ratio of bills .payable and rediscounts with F. R. Bank to total loans and investments, per ; e n ^ _ _ _ _ _ _ 7 331,937 xu'xri ,311,351 7'010 7,232.583 10,875,921 May 3 , 1 9 2 2 800 345,767 3,290,546 7.230.890 1 0 , 8 6 7 , 2 0 3 Nov. 9 , 1 9 2 1 807 539,087 May 1 1 , 1 9 2 I 821 7,779.284 736,339 2,994,292 8.465.112 11,387,051 12,195,743 3 , 0 6 3 , 6 2 0 1,157,991 1,130,136 94,269 £0,754 406,007 396,809 124,156 136,131 146,584 176,574 2,191.283 196,639 2,165,142 2.059.233 14,861,622 2.036.092 14,794,628 14,810,253 1,390,211 15,489,016 1,353,418 1,239,060 280,639 1,257,684 277,202 309,457 10,829,264 339,783 10,767,846 10,174,533 3,242,545 3,197,954 2,952,861 180,4]4 1 5 9 , 0 2 7 8 9 8 , 6 9 5 164,544 188,752 1 0 , 2 5 2 , 0 0 5 2,947,242 263,701 1 6 8 , 3 6 0 225,357 1,35S 509,354 1,957 177,098 " 817,931 55,077 736 76,587 2,480 91,948 2,818 100,121 36,782 488,085 1.0 1.2 5-1 9 0 6 871,790 9-7 Rel p B T W r T P M p l i c a t i o n , Friday afternoon, May 1 9 , ig22; not earlier. , St.2785b. -.SOURCE AMD LIABILITY ITEMS OF ALL REPORTING MEMBER BANKS IN EACH FEDERAL RESERVE DISTRICT AT CLOSE OF BUSINESS, MAY 10, 1922. Federal~R _ '—— — (Amounts in thousands of dollars) taller o / r m o r t i n ^ b m l L Boston Mew York Phi la. Cleve. Rich. Atlanta Chicago St. Louis Minn. Kans.Cy. Dallas San Fran. Total Loans and discounts, including bills rediscounted with F, R, Bank: 57 ^ 8U 42 " 109 37 « 79 52 68 799 . ##== EiSSilSSISSSS M M M u ' bonds S - Victory notes 73,447 2,808 47l,35S 51,400 50,110 8,880 U. S. Treasury notes U, S. Certificates of indebtedness 13,122 253,105 15,412 5 2 , 6 0 2 7 , 0 7 7 U' s 3,475 Other bonds,stocks & securities 149.474 Total loans and discounts and investments, including bills d i s c o u n t e d with F.B.Bk. 1,022,685 e erve i * 8 e i n a ance with F. R. Bank V a u l t emand deposits eposits ^ 789.628 178.874 824,861 5 , 6 2 0 , 6 3 3 81,761 675,535 17,529 8 9 , 6 1 3 66,446 1 5 , 1 2 2 134,439 55,715 25,252 119,381 27,011 21,357 43,324 3 2 , 1 1 9 104,478 1,157,991 7 , 3 3 2 1,166 4l4 6,517 3,403 388 1,892 9 4 1 9,14s 94,289 2 5 , 6 7 s 4,468 1,718 6,182 -272,839 1,4)7,699 ' s ' G o v t » € ' o b l i 8 ' 5,393 3,156 19,-14 406,007 1 7 , 6 2 9 5 , 0 9 0 7,372 5,655 5,328 1 1 3 6 , 1 3 1 22,251 52,670 7,581 3 9 6 , 8 9 6 415,426 2,173,907 101,333 3 2 , 6 5 0 31,546 2 7 , 3 9 3 14,191 9 , 4 5 4 1 9 2 , 7 1 8 52,624 75.528 535,953 294,480 44,537 16,742 7 , 0 3 9 6,148 5 2 8 , 9 2 6 41,427 1 2 , 1 9 8 3 1 2 , 7 3 5 241,028 1,408,440 320,050 182,466 407,l4l 201,185 6 2 1 , 2 9 7 4 7 3 , 5 6 9 1 3 6 , 3 1 3 145,642 15,239 6 7 , 9 6 9 1 , 6 3 6 5 0 , 2 7 0 15,375 12,630 17,171 9,683 10,666 .5,561 6 , 7 6 9 ' , 4 0 0 Bills rediscounted with F.R.Bank: y u 547,933 8,433 804,718 u . S . G o v t . o M i g . " 3,779 49,896, 32,902 6 , 2 1 2 762,322 4,924,060 660,186 overnment deposits Bills payable with P.R.Bank: S n S 2,831 4 9 , 4 9 6 9.31? 1 0 6 j g . i7,g| (i , • .4,512. • . - 7U5 - 6 6 3 , 8 5 1 161,493 23J24 6,454 3 . - 9 « 3,353 , , , , , - 7 7 , 3 5 0 6 , 3 8 3 3 2 6 99 X;UU7 109,382 3,589 ^ 286,022 , m 162,444 2,191,283 1 , 1 7 3 , 0 9 7 14,861,622 2 3 , 2 6 9 7 9 , 9 4 7 1,390,211 9 , 4 7 4 1 9 , 7 9 4 206,067 6 4 , 7 2 9 3 , 7 2 6 '195 ^ 4 2 3 - 9 - 2 8 0 , 6 3 9 600,021 10,829,264 537,464 3,242,545 13,476 . 180,434 1,978 2 3 7 5 5 , 0 7 7 7 3 6 ^ . .".Ijacic- jriday afternoon* May 19; not ec..' ' sr. p--- . „ 1 RlNvlPAL RESOURCE AND LIABILITY ITEMS OF RdrvRTING MEMBER BANKS IN F. R. BANK AND BRANCH CITIES AND IH OTHER SELECTED CITIES, (Amounts in thousands of dollars) Other All F. K. F. R. New York City selected cities City of Chicago Branch cities Bank cities May 10 May 3 May 10 May 3 May 10 May 3 May 10 May 3 May 10 May 3 Number of reporting banks 316 317 211 211 65 65 50 50 272 272 Loans and discounts, including b-J. Is rsdis'd.with F, R, Bank: Secured by U, S. Govt, oblig. 101,732 108,967 47 , 653 4 8 , 1 9 2 2 3 0 , 9 2 6 2 4 2 , 9 1 9 5 4 , 0 7 2 53,334 4 7 , 6 6 7 4s,776 Secured by stocks and bonds 1,367,610 1,343,495 331,856 328,282 2,411,017 2,)8Q,786 4 7 1 , 1 0 4 472,527 4 2 0 , 2 3 0 4 2 8 , 2 3 3 All other loans and discounts 2,061.509 2,06-3.210 694,578 Total loans and discounts 3,530,851 3 ,520,672 1 , 0 7 4 , 0 8 7 1 , 0 6 0 , 4 4 5 7,204,410 7,194,452 1,920,098 1,921.033 1,751,413 1,751.718 U, S, bonds 423,076 414,149 49,641 58,928 670,361 648,581 247,428 244,255 239,702 237,300 U. S. Victory notes 46,831 4i,600 4,728 4,227 69,329 13,288 63,998 13,665 11,672 1 1 , 0 9 1 U, S. Treasury notes 24o,76l 238,570 29,181 2 9 , 2 2 2 308,460 313,053 53,306 54,474 34,648 33,875 U. S. Certificates of indebtedness 47,651 10,191 1 0 , 2 6 7 47,353 92,346 29,665 90,373 1 6 , 0 9 3 37,305 16,933 Other bonds, stocks, and securities 597,068 152,631 595,654 174,047 1,212,031 1,193,845 589,463 594,305 384,947 381,834 Total loans and discounts and investments, including bills rediscounted with F, R, Bank 4 , 8 8 6 , 2 3 8 4 , 8 5 7 , 9 9 s 1,359,746 1,327,549 9,560,057 9,501,682 2 , 8 6 3 , 0 9 0 2 , 8 6 0 , 1 9 5 2,438,475 2,432,751 Reserve balance with F, R. Bank 134,470 1,028,742 1 3 8 , 8 2 9 ' 629,355 599,605 208,944 2 0 2 , 7 6 2 997,254 1 5 2 , 5 2 5 153,402 Cash in vault Net demand deposits Time deposits Government deposits Bills payable with F. R. Bank: Secured by U. S, Govt, obligations All other Bills rediscounted with F, R, Bank: Secured by U. S, Govt, obligations All other s Ratio of bills payable and rediscounts with F, R, Bank to total loans a n d \ investments, per cent 76,264 29,815 30,370 4,437,636 4,414,521 9<-0,980 963,485 7,631,028 7,588,238 1,543,988 1,503,998 76,974 426,464 382,573 313,391 312,885 63,839 67,312 17,191 17,428 5,140 23,890 1,373 - 878 3,370 .2 - 1 , 0 0 6 3,656 . 6 2 , 6 1 s - - 3 0 0 4,o4o .4 153,170 54,760 1 5 0 , 6 4 7 53,762 72,709 1,685,128 1,678,139 1,513,108 980,283 978,942 131,471 137,809 34,407 35,945 14,556 18,515 43,041 21,582 237 16,878 239 14,980 499 1 9 , 6 7 s - - 1 , 6 6 5 1 , 8 0 2 4 , 1 3 0 46,264 45,393 509 15,618 ,5 ,7 1.0 1,3 3 0 0 718,274 M 608 1 . 3 • 3 0 6 3 0 , 0 6 6 1 , 9 72,793 1 , 5 0 1 , 4 6 9 715,014 1 5 , 2 7 3 1 6 , 6 6 8 6 6 7 408 35,050 2,2
@FedFRASER