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STATHQNT FOE TffiS PRESS S t , 1174 F e d e r a l Reserve Soard, May 22, 1920• Released, f o r p u b l i c a t i o n Monday luoming, May 24, 192O; n o t e a r l i e r , CONDITION OF MEl'lBER 3A1KS IN LEADING- CITIES.S u b s t a n t i a l w i t h d r a w a l s of G-oVermont b a l a n c e s as a c a i n s t -2uch l a r g e r i n c r e a s e s i n o t h e r demand d e p o s i t s a r e i n d i c a t e d i n t h e F e d e r a l Reserve Board's s t a t e m e n t of c o n d i t i o n on May l 4 of S l l rucmbor banks i n leadini: c i t i e s . Holdings of Government war s e c u r i t i e s and l o a n s support3d by such s e c u r i t i e s show but nominal changes« Loans secured by s t o c k s and bonds show a r e - d u c t i o n cf 39*2 m i l l i o n s f o r a l l r e p o r t i n g banks, though o n l y of 2»3 m i l l i o n s f o r t h e member banks i n New York City* 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 , i n - c l u d i n g commercial d i s c o u n t s p r o p e r , i n c r e a s e d about 74 m i l l i o n s , s i d e of New York City* l a r g e l y out- 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 , i n c l u d - ing 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 of 34 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 11 «2 m i l l i o n s f o r t h e Now York C i t y members « Accommodation a t the F e d e r a l Reserve Banks, as r e c o r d e d on t h e books of the Reserve Banks, shows i n c r e a s e s of 35*9 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 25»3 m i l l i o n s f o r the member banks i n New York C i t y . Paper secured by Government war o b l i g a t i o n s h e l d by t h e Reserve Banks under d i s c o u n t f o r a l l r e p o r t i n g member banks i n c r e a s e d from 1,177*5 to 1^235*7 m i l l i o n s , w h i l e other papor t h u s h e l d d e c l i n e d from 9 ^ . 1 t o 891*8 m i l l i o n s » Government d e p o s i t s show a n e t r e d u c t i o n f o r t h e week of G$.6 m i l l i o n s , the New York C i t y banks alone r e p o r t i n g a n e t r e d u c t i o n under t h i s head of 5 3 ' 9 millions. Other demand d e p o s i t s ( n e t ) show an a g g r e g a t e i n c r e a s e of l 6 5 » l m i l - l i o n s , of which 92.9 m i l l i o n s r e p r e s e n t s the i n c r e a s e a t the New York C i t y banks Time d e p o s i t s i n c r e a s e d by 11,3 m i l l i o n s » The banks' r e s e r v e b a l a n c e s show a t o t a l i n c r e a s e f o r the week of 4 9 . 2 m i l l i o n s , and of 37*9 m i l l i o n s i n New York C i t y . .Cash i n v a u l t d e c l i n e d about 2.8 millions. •feeleas3d f o r p u b l i c a t i o n Monday c o r n i n g , May 24, 1920; n o t e a r l i e r . PRINCIPAL RESOURCE AND LIABILITY ITEKS OF REPORTING ME.IBER BANKS IN LEADITTG CITIES # (Amounts i n thousands of d o l l a r s ) i'ijy 7,1920 Hay 1 +, 1920 510 811 Number of r e p o r t i n g banks - - - - - - - - - - - - - - - - - - - - - - - - - , St.1174a Nov.14,1919 790 -7<ay 16,1919 773 U. S . bonds t o s e c u r c c i r c u l a t i o n - - - - - - - - - - - - - - - - - - - - - - 270,34s ' 270,211 265,997 265,095 ,0t v e r U* S . bonds i n c l u d i n g L i b e r t y bonds b01,9S4 b04,556 634,939 622,450 19S,19S 157,682 > 281,C67 - - - - - - - - - - - - - - - - - - - - - 597,55S 535,277 535/453 2,222,332 - - - - - - - - - - - - - - - - - - - - - - - - - - 1,66s,023 1,667,726 2,020,462 3,172,317 Loans 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 s ! w i t h F . R- Bank: * Loans s e c u r e d by U. S. war o b l i g a t i o n s - - - - - - - - - - - - - - - - - Loans s e c u r e d by s t o c k s and bonds o t h e r t h a n U. S. s e c u r i t i e s - - - - - - e A l l o t h e r l o a n s a™d i n v e s t m e n t s - — — — — — — — — — - —- — — 1,085,589 3,100,315 1 1 ,— 229,667 1,090,021 3,139,52s 11,155,696 (a)1,066,037 3,257,320) (a)9,203,455) 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. Baiik - I7,v-s6,959 17,053,031 16,257,510 14,529,410 1,422,907 1,373,730 1,422,223 1,317,760 370,255 373,651 354,096 3oO, 556 ,359,045 5 4—, 0 5— 7 — —1 1— Het demand d e p o s i t s — — — — — — — — — — — — — — — — — — — — — — 1—1 , 5— 11,435,587 10,571,5^7 2 , 6 4 5— ,005 2,637,736 2,293,139 1,715,594 59,200 144,761 255,435 434,548 * _ _ _ _ _ _ _ _ ; U- S . V i c t o r y H o t e s U. 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 T o t a l U. S- s e c u r i t i e s - R e s e r v e b a l a n c e with, t . R. Bank - - - - - - - - - - - - - - - - - - - - - - Cash i n v a u l t - - - - - - - - - - - - - - - - - - - - - - - - - - - - - JPinne d s p o s i t>3 ' Government d e p o s i t s — — — — — — — —- — — — — — ~ — — — — - - - - - - - - - - —- - - - - - - - - * 5 i l l s p a y a b l e w i t h F e d e r a l Reserve Bank: , S e c u r e d 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 w i t h F e d e r a l Reserve Bank: S e c u r e d by U. S . war o b l i g a t i o n s - - - - - - - - - - All other - - - - - - - - - - - - - - - - - - - - - - R a t i o of U. R- war s e c u r i t i e s and war l o a n p a p e r t o t o t a l ments, 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. Baric, p e r c e n t - - - - (a)l,075,$SO [4)10,425,511 - - - - - - - - - - - - - - - - - - - 915,120 3,101 54.6,062) 3,657) 1,070,275 1,312,063 - - - - loans - - - 320,64s 522,704 331/418) 910,39D 675,136 245,002 - - - - - - - - - - - - and i n v e s t - - - - - - - 14.6 14.6 ( a ) E x c l u s i v e of r e d i s c o u n t s w i t h F- 2 . Banks. tftolaassd f o r p u b l i c a t i o n lionday c o r n i n g , May 24, 1920; n o t e a r l i a r . S t . 1174b 1 PRINCIPAL RESOURCE A1TD LIABILITY ITEMS OF ALL REPORTING 1.MEMBER BAMKS IN EACH FEDERAL RESERVE DISTRICT AT CLOSE OF BUSINESS MAY l 4 , 1920. . (Acioimts i n thousands of a o l i a r s ) Total Phi l a . C l o v e l . Ricum. A t l a n t a Chicago St.Louis Minn. Kans-Cy. D a l l a s San F r a n . iTev; York Bos ton F a d e r a l Rssorva D i s t r i c t 44 82 2.11 lib 47 67 92 46 107 35 35 83 57 No • r e p o r t i n g banks U. S . bonds t o secure c i r c u 41,875 27,451 14,015 11,347 21,449 16,925 34,605 270,34b 47,493 7 , 2 7 1 15,278 19,573 13,061 lation Othsr U.S. bonds i n c l u d i n g 61,166 64,758 12,612 601,954 22,827 17,888 245,314 14,044 29,958 59,307 3 4 , 0 7 1 29,508 * L i b e r t y bonds 4,543 12,499 8,295 82, 501 19,770 4,753 3,520 195,198 35,093 2,915 9,525 7,162 t l . S. V i c t o r y n o t o s , U. S- C e r t i f i c a t e s of 23,495 -13,005 19,110 77.830 14.096 274.692 36,534 53,198 36.735 597,558 9 , 3 9 5 10,091 19,374 indsbtadnoss 144,804 1,668,088 104,028 199,136 46,548 28,213 52,739 60,355 150,050 87,822 67,386 656,005 71,002 T o t a l U. S. s e c u r i t i o s I'M 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» Benlc: • Loans s a c . b y U.S.war o b l i g . F Loans s e e . b y stocks&bonds » A l l o t h e r loans&invsstoonts T o t a l l o a n s and i n v e s t ments i n c l u d i n g r s d i s counts w i t h F . JE. Bank 1. Rssorve balaiice w i t h F . 3 . Bank 62,457 36,789 27,504 111,420 38,946 12,65s 24,377 11,098 340,204 109,057 63,714 460,573 129,261 32,26c 80,02b 33,632 904.790 385.302 409.845 1.772.887 4 l 6 . © 9 300.813 532.395 256.124 58,65? 543,221 195,094 I/JOS,730 779.413 3 . 9 5 2 , 2 3 3 101,966 199,947 574. 894 104,196 6,460,189 980,835 S3,27S 694,711 64,751 94,009 37,316 33,591 25, 855 121, 514 16,895 34,111 18,761 14,020 822,391 5,264,3*40 683,395 138,902 418,957 32,593 4,586 "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: Sec .by U.S.war o b l i g a t i o n s 35,911 All other B i l l s r s d i scorntod with • F. B, Bank: Sec.by U.S.war o b l i g a t i o n s 31,793 55,89s , • All other 36,906 2,9H 2,501 1,07b 2, 527 2,421 386,999 85,205 53,596 145 49,341 420 41,535 -164,019 188,799 55, 758 20,956 13,944 45,184 28,231 , 5,989 Cash i n v a u l t ITafc dscand d s p o s i t s X. - Time d e p o s i t s 33,7bb 1,088,389 14?, 811 3,100,315 944.132 11.229.667 1,477,501 618,970 568,449 2,544,016 631,594 379,950 689,537 361,209 1,270,513 17,086,959 195,618 43,399 67,324 10,229 23,078 45,160 25,553 82,405 1,422,907 8,748 15,151 10,707 27,513 370,55s 571,384 350,679 256,447 1,439,000 330,911 221,486 436,071 233,777 614,216 11,554,097 364,882 105,021 150,350 7,896 45,4il 618,530 123,378 64,338 97,685 45,375 488,594 2,649,005 1,283 392 495 874 3,223 59,200 118,407 32,b8l 1,926 12,827 250 28,148 60 29,505 15 37,962 285 915,120 3,101 12,815 233,882 12,296 73,542 3,720 47,881 5,177 62,887 1,154 18,959 3,057 67,074 320,645 858,704 fReleased f o r p u b l i c a t i o n Monday morning, May 24, 1920; n o t e a r l i e r . St.liyUc PRINCIPAL RESOURCE AND LIABILITY ITEMS OF REPORTING MEMBER BANKS IN F. R. BAMC AND BRANCH CITIES-AND ALL OTHER REPORTING BANKS, r ' (Amounts i n thousands of d o l l a r s ' ) A l l F . R. F . R. All other New York C i t y C i t y of Chicago Bank c i t i e s Branch c i t i e s r e p o r t i n g banks May 14- ———— May 7 May 14 —-— May "J May l 4 ——— May 7 i^ay 14 ———— May May 14 ———— May 7 Nur.bcr of r e p o r t i n g banks 73 ' 72 50 50 278 277 1% 138 335 335 U. S . bonds t o s e c u r e c i r c u l a t i o n 37,801 37,801 1,438 1,439 100,237 100,240 71,003 71,003 93,108 38,968 O t h e r U.S. bonds, i n c l u d i n g L i b e r t y bonds 212,338 215,510 23,557 28,433 338,205 333,386 143,336 144,369 119,641 120,201 U. S, V i c t o r y n o t e s 77,702 76,54o 12,41? 12,423 107,999 107,288 48,850 48,644 41,349 41,750 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 257,023 255,375 32,185 31,742 428,542 427,403 106,176 104,314 62,o4o . 6 3 , 5 6 0 Total u. s . s e c u r i t i e s 525,524 585,626 75762? 74,037 974,383 374,317 363,367 3587330 323,138 324,479 Loans 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 o d «ritfc F , S . Bank: Loans s e c u r e d by U.S. v/ar o b l i g a t i o n s 511,678 510,082 77,07 5 74,333 837,550 834,522 141,433 144,331 103,846 111,228 Loans s e c u r e d by s t o c k s and bonds 1,154,371 1,156,694 333,669 339,137 2 , 1 8 6 , 8 7 9 2 , 2 1 5 , 4 5 3 433,536 437,422 419,300 426,653 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 3,480,130 3,468,125 1,060,592 1 , 0 6 2 , 7 4 4 _ 7 , l 4 2 , 4 l 5 7,083,327 2,173,434 2,170,030 1,307,758 1,836,279 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 r e d i s c o u n t s w i t h F . E . Bank 5,731,703 5 . 7 2 0 , 5 2 7 . 1 , 5 5 2 , 9 6 3 1 , 5 5 0 , 2 5 1 l l , l 4 l , 8 2 7 1 1 , 1 1 4 , 2 1 3 3 , 1 2 4 , 4 3 c 3 , 1 8 0 , 1 7 3 2 , 7 6 0 , 6 4 2 2 , 7 5 8 , 6 3 9 R e s e r v e Balance w i t h F . R, Bank 643,367 611,510 135,152 136,075 1,043,032 939,346 203,272 207,650 170,603 166,734 Cash i n v a u l t 107,448 lio,4oo 32,371 ' 32,834 211,026 213,228 73,38 5 74,.573 26,447 85,850 4,745,339 4,652,333 374,763 367,925 8,069,995 7,947,257 1,770,735 1,732,305 1,713,367 1,703,483 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 - 301,278 302,226 276,963 276,056 1,192,871 1,184,415 873,760 872,340 582,374 580,981 35,364 89,908 1,228 3,081 49,728 124,373 5,634 11,133 3,838 9,255 303,058 54,647 52,172 622,311 - 562,273 - 181,371 2,271 177,920 3,122 111,438 830 105,869 565 165,357 187,708 6,266 177,715 5,713 172,413 271,814 631,593 279,936 647,915 31,1^2 139,395 33,090 146,108 17,6s6 117,716 18,392 116,368 I5.4 15.4 I3.S 13.9 12.1 12-2 B i l l s p a y a b l e w i t h F . R. Bank: S e c u r e d by U. S . * a r o b l i g a t i o n s 350,741 All otner B i l l s r e d i s c o u n t e d w i t h F . R. Bank: S e c u r e d by U. S . war o b l i g a t i o n s 153,171 All other • 171,647 R a t i o of U.S.war s e c u r i t i e s and war l o a n p a p e r t o t o t a l l o a n s and i n v e s t m e n t s , i n cluding rediscounts with F.R.Bk.,per cent 18.5 18.5 5.7 3.5
@FedFRASER