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STATEMENT $0R $$B PRESS Released for publication Friday afternoon, May 26; not earlier. Federal Reserve Boafd, May 25. 1922. CONDITION OF MEMBER BASKS IN LEADING CITIES. Further additions of $30,000,000 to the holdings of stocks and bonds and of about $100,000,000 to loans against such securities, as against a reduction of $60,000,000 in loans secured by Government obligations and ordinary commercial loans, are shown in the federal Reserve Board s weekly statement of condition on May 17 of 799 member banks in leading cities.^^^ . For member banks in New York City the statement shows increases of $22,000,000 in the holdings of corporate securities and of $84,000,000 in loans based •upon such securities, as against a reduction of $49,000,000 in other, in* eluding commercial, loans. Only nominal changes are shown in the amounts of TJ. S. securities held. Total loans and investments of the reporting institutions are given $72,000,000 larger than the week before, the New York City banks alone accounting for $59>000,000 of the increase* Government deposits show a decline of $35*000,000 and time deposits a decline of $30,000,600,while demand deposits (net) increased by $139,000,000, of Which $87,000,000 represents the increase in New York City. Total borrowings from Federal reserve banks show a nominal increase from $150,000,000 to $151,000,000, the ratio of these borrowings to combined loans and investments of the reporting banks continuing unchanged at about 1 per cent. Member banks in New York City have reduced their borrowings to about $8,000,000, or to about 0.2 per cent of their total loans and investments. Reserve balances with the Federal reserve banks show an increase of $4,000,000, while cash in vault declined by $10,000,000, (about $3,000,000 in New York City). 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 Mav 10. 1Q22 May 18. 1Q21 Loans and discounts - total Secured by U. S. Government obligations Secured by stocks and bonds All other Inc. Dec. Inc. Dec. Investments, total U. S. bonds Victory notes U. S. Treasury notes Treasury certificates Other stocks and bonds Inc. Dec. Inc. Dec. Inc. Reserve balances with F. R» banks Cash in vault 40 3 100 57 Dec. Dec. Inc. Dec. 1,181 386 394 667 7 4 30 Inc. Inc. Dec. Inc. Dec. Inc. 286 94 413 104 Inc. Dec. 4 10 Inc. Dec. 139 55 Government deposits Net demand deposits Time deposits Dec. Inc. Dec. 35 139 30 Dec. Inc. Inc. 103 813 Total accomodation at F. R, banks Inc. 1 Dec. 1,163 - 32 1 - 166 168 Released for publication, Friday afternoon, May 26, 1922; not earlier, PRINCIPAL RESOURCE AND LIABILITY ITEMS OF REPORTING MEMBER BANKS IN LEADING CITIES, (Amounts in thousands of dollars) May 17, 1922 May 10, 1922 Nov. 16, 1921 Number of reporting banks - - - - - - - - - - - - - - - - - - - - - - - 799 799 807 Loans and discounts, including bills rediscounted with F.R.Bank: Secured by U. S. Govt, obligations 329,182 331,987 540,072 Secured by stocks and bonds (other than U, S. securities) - - - - - - - 3,411,304 3,311,351 3,059,193 All other loans and discounts 7.175.499 7.232.583 7.755.054 Total loans and discounts - U. S. bonds U. S. Victory notes - - - - - - - - - - - - - - - - - - - - - - - - - - - U. S. Treasury notes U. S. Certificates of indebtedness Other bonds, stocks and securities - - - - - - - - - - - - - - - - - - _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ 1 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 Reserve Bank: Secured by U, S, Govt, obligations - All other - - - - - - Bills rediscounted with Federal Reserve Bank: Secured by U. S, Govt, obligations _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ All other Ratio of bills payable and rediscounts with F, R, Bank to total loans and investments, per cent \ st.2796a. May 18, 1921 821 714,852 3,017,700 8.364.560 10,915,985 10,875,921 11,354,319 12,097,112 1,157,367 1,157,991 906,517 870,775 94,504 94,289 162,699 188,387 413,021 406,007 120,594 132,062 136,131 167,834 236,297 2.220,964 2.191.283 2.073.581 2,054,609 14,933,903 14,861,622 14,785,544 15,447,180 1,393,541 1,390,211 1,269,059 1,254,432 271,170 280,639 303,342 325,740 10,968,435 10,829,264 10,235,681 10,155,685 3,213,169 3,242,545 3,002,576 3,044,910 145,095 ISO,434 214,326 247,736 61,030 4go 55,077 736 200,988 1,478 372,566 2,365 2,555 86,916 2,480 91,948 37,942 461,578 171,412 767,708 1,0 1.0 4,7 8.5 Released for publication, Friday afternoon, May 26, 1922; not earlier. St.2796b. PRINCIPAL EE SOURCE AND LIABILITY ITEMS OF ALL REPORTING MEMBER BANKS IN EACH FEDERAL- RESERVE DISTRICT AT CLOSE OF BUSINESS, MAY 17, 1922. (Amounts in thousands of dollars) Total Atlanta. Chicago St.Louis Minn. Kans.Cy. Dallas San Fran. Cleve. Rich. Boston New York Phi la. Federal Reserve District 68 52 84 42 81 106 109 799 IJuznbsr of reporting banks 35 37 79 49 57 Loans and discounts, including bills rediscounted with F» R, Bank: 16,619 329,182 4,625 113,617 28,551 8,373 11,442 9,863 56,978 13,733 Secured by U.S.Govt.oblig. 33,793 13,649 17,939 3,411,304 143,940 43,511 465,141 127,076 30,856 65,277 208,041 1,631,280 208,257 326,919 106,613 54,393 Secured by stocks and bonds 697,050 7.175,499 629,885 309,609 285,553 1.069,807 279,554 196,155 348,786 188,165 558.296 2,297,019 315,620 All other loans & discounts Total loans and discounts 784,276 4,041,916 552,428 990,597 429,871 349,809 1,591,926 420,363 235,384 425,505 236,301 857,609 10,915,985 73,891 466,222 51,243 136,018 55,706 25,093 115,607 28,781 21,677 44,372 32,664 106,093 1,157,367 3,287 48,534 9,425 7,580 744 704 8,279 3,494 322 2,003 906 9,226 94,504 U. S. Treasury notes 14,682 259,491 15,468 24,775 4,212 1,626 47,774 7,978 8,433 6,180 3,073 19,329 413,021 U. S. Certificates of indebtedness 2,188 53,818 6,911 5,173 2,793 3,766 15,104 5,043 6,893 5,497 5,738 19,138 132,062 811,801 180,688 274,996 50,265 33,017 396,984 76,617 21,835 53,564 7,746 162,699 2,220,964 U. S. bonds U. S, Victory notes Other bonds,stocks & securities 150,752 Total loans and discounts and investments, including bills rediscounted with F.R.Bk. 1,029,076 5,681,782 816,163 1,439,139 543,591 414,015 2,175,674 542,276 294,544 537,121 286,428 1,174,094 14,933,903 83,211 1,393,541 Reserve balance with F. R. Bank 80,788 191,678 42,395 19,920 45,494 21,293 677,870 69,208 98,257 33,490 29,937 Cash in vault 15,333 8.6,6o4 14,877 26,401 14,119 774,453 5,021,55% 657,235 Time deposits 202,335 596,453 50,407 12,084 53,248 10,204 13,975 4,530 3,321 11,320 11,885 11,627 7,490 200 Bills payable with F.R.Bank: Secured by U.S.Govt.oblig. All other - Bills rediscounted with F.R.Bank: Secured by U.S.Govt.obiig. 114 All other 7,022 - 1,029 11,329 - 300 4,353 51,671 6,720 6,102 11,715 8,762 810,057 313,140 239,783 1,420,955 322,048 182,121 412,137 207,925 Net demand deposits Government deposits 8,771 472,425 139,103 146,158 - 93 15,181 336 13,672 663,597 162,056 529,037 3,213,169 2,817 3,128 11,114 145,095 195 6,085 236 61,030 490 10 2,l4l 162 8,977 2,555 86,916 5,445 5,271 299 3,599 2,795 1,926 54 11 2,940 328 9,618 - 72 4,583 607,027 10,968,435 65,028 19,532 - 271,170 76,602 109,968 3,747 - 20,095 — 2,304 488 - 100 4,796 - Hexeased for publication iriae.;,- afternoon, May 26, 1922; not earlier. ' 'u ; St.2796c. PRINCIPAL RESOURCE AND LIABILITY ITEMS OF REPORTING MFMBER BANKS IN F. R. BANK AND BRANCH CITIES AND IN,OTHER SELECTED CITIES^ ,, (Amounts in thousands of dollars) ' Other All F. R. F. R. New York City City of Chicago Bank cities Branch cities selected cities May 17 May 10 May 17 May 10 May 17 May 10 May 17 May 10 May 17 May10 Number of reporting banks 65 65 211 211 272 272 50 316 316 50 Loans and discounts, including bills redis'd.with F. R, Bank: Secured by U. S. Govt, oblig. 101,766 101,732 46.35S 228,200 230,9£6 47,653 47,588 47,667 53,394 53,33^ Secured by stocks and bonds 1,452,115 1,367,610 468,342 346,794 471,104 331,856 2,509,986 2,411,or 432,976 429,230 All other loans and discounts 2,012,673 2,0bl,509 686,442 694,578 4,506,953 4,562,407 1397>3^7 1,395.660 1,271,214 1,274,516 Total loans and discounts 3,566,557 3,530,851 1,079,594 1,074,087 7,245,144 7,204,410 1^19,063 1,920,098 1,751,775 1,751,413 U. S. bonds 417,800 423,076 54,421 58,928 666,699 670,861 250,169 247,428 240,499 239,702 44,653 46,831 6,517 4,728 70,165 69,329 13,589 13,288 10,750 11,672 248,306 240,761 27,467 29,181 320,046 313,053 59,736 58,306 33,239 34,648 U. S. Certificates of indebtedness 48,583 47,651 7,296 10,191 86,709 90,373 29,766 29,665 15,537 16,093 Other bondg, stocks, and securities 619,225 597,068 181,444 182,631 1,235,901 1,212,031 597,750 594,305 387,313 384,947 U. S. Victory notes U. S. Treasury notes Total loans and discounts and investments, including bills rediscounted with F. R. Bank Reserve balance with F. R. Bank Cash in vault Net demand deposits Time deposits Government deposits Bills payable with F. R. Bank: Secured by U, S. Govlt. obligations All other Bills rediscounted with F. R. Bank; Secured by U. S. Govt, obligations All other Ratio of bills payable and rediscounts with F. R, Bank to total loans and investments, per cent / 4,945,424 4,886,23s 1,356,739 1,359,746 9,624,664 9,560,057 2,870,073 2,563,090 2,439,166 2,435,475 632,722 629,355 136,659 135,829 74,228 76,974 29,251 29,815 4,525,246 4,437,636 985,877 950,950 7,736,299 7,631,023 1,703,546 1,655,128 400,975 426,464 313,486 313,391 1,519,645 1,543,988 . 973,676 980,283 719,848 718,274 50,163 63,839 14,272 17,191 105,343 131,471 23,696 34,407 11,056 14,556 4,190 5,140 1,200 1,373 28,481 18,515 19,329 236 . 21,582 237 13,220 254 14,980 499 436 16,970 509 15,618 265 29,163 306 30,066 1.3 1.3 l.S 1-9 - - 1,029 3,026 878 3,370 ,2 .2 - 300 4,058 - 300 4,040 .4 1,031,957 1,025,742 147,877 - 1,854 40,783 153,170 - 1,665 46,264 209,253 208,944 152,331 152,525 54,585 54,760 65,702 72,709 1,528,Z,0 1,513,108
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