The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
Released f o r p u b l i c a t i o n Monaay morning, Nov. 1; net e a r l i e r , STATEMENT FOR THE PRESS St.l5j? F e d e r a l Reserve Beard, October 3 0 , 1930 . CONDITION OF MEMBER BANKS IN LEADING CITI38 , General l i q u i d a t i o n of loans and d i s c o u n t s and corresponding d e c l i n e s i n demand d e p o s i t s and bank r e s e r v e s a r e i n d i c a t e d in the Federal Reserve Board's c o n s o l i d a t e d statement of c o n d i t i o n on October 15 of 823 member banks in l e a d i n g c i t i e s . As a g a i n s t nominal i n c r e a s e s i n the holdings of United S t a t e s bonds and V i c t o r y n o t e s , those of Treasury c e r t i f i c a t e s show a r e d u c t i o n of 47.9 m i l l i o n s , compared w i t h an i n c r e a s e of about 44 m i l l i o n s f o r the p r e v i o u s week, which saw the a l l o t m e n t of 124 m i l l i o n s of a new c e r t i f i c a t e i s s u e . Loans secured by Government war o b l i g a t i o n s , i n c l u d i n g Treasury c e r t i f i c a t e s , ( s o - c a l l e d war paper) d e c l i n e d by 1 1 . 1 m i l l i o n s * For the member banks i n New York City r e d u c t i o n s of 13.4 m i l l i o n s in Treasury c e r t i f i c a t e s and of 4 . 4 m i l l i o n s i n war paper a r e seen. Loans secured by c o r p o r a t e o b l i g a t i o n s show a r e d u c t i o n of 56-4 m i l l i o n s , a s l i g h t l y l a r g e r d e c r e a s e of t h i s item being^ shown f o r the New York City members. Other loans and i n v e s t m e n t s , comprising l a r g e l y commercial loans and d i s c o u n t s , f e l l o f f 70 -8 m i l l i o n s , l a r g e l y o u t s i d e of New York City4. The combined r e s u l t of these changes i s seen in a r e d u c t i o n of 182. 9 / m ioSaf loans and investments of the r e p o r t ing i n s t i t u t i o n s , of which over one-half r e p r e s e n t s the r e d u c t i o n a t the New York member banks . Accommodation of the r e p o r t i n g i n s t i t u t i o n s a t the Federal Reserve Banks shows a decrease frora 2,24,3 .9 to 2,201-9 m i l l i o n s , or from over 13 to I 2 . 9 per c e n t of t h e . b a n k s ' t o t a l l o a n s and i n v e s t m e n t s . For the New York City banks an i n c r e a s e in borrowings from the F e d e r a l Reserve Banks from S4S .3 to 8 5 6 . 1 m i l l i o n s i s shown accompanied by a r i s e i n the r a t i o of F e d e r a l Reserve accomodation from l 4 . 6 t o l4>9 p e r c e n t . F u r t h e r withdrawals of Government f u n d s reduced the t o t a l Treasury balance w i t h the r e p o r t i n g banks by 36 .6 m i l l i o n s , the New York City banks r e p o r t i n g a d e c r e a s e under t h i s head of 16.6 m i l l i o n s . Other demand dep o s i t s ( n e t ) , because of the c o n s i d e r a b l e loan l i q u i d a t i o n e f f e c t e d during the week, a l s o i n consequence of the continued withdrawals of f u n d s from New York members by country banks i n t h e South and West f o r u s e i n a g r i c u l t u r e and crop moving, show a r e d u c t i o n of 232.3 m i l l i o n s , t h e Ne$v York City banks alone r e p o r t i n g a r e d u c t i o n of t h i s item by 134.2 m i l l i o n s . Time d e p o s i t s show a gain of 6 .3 m i l l i o n s , of which l e s s than 1 m i l l i o n i s the gain a t the New York i n s t i t u t i o n s • As the r e s u l t of t h e heavy withdrawals of d e p o s i t s from the banks in the l a r g e r c e n t e r s , t h e r e s e r v e b a l a n c e 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 a d e c l i n e of 8 8 . 9 m i l l i o n s , of which 7 2 . 8 m i l l i o n s i s r e p o r t e d f o r member banks i n New York C i t y . Cash i n v a u l t f e l l o f f 3 *6 m i l l i o n s , n e a r l y one-half of which r e p r e s e n t s t h e d e c l i n e a t the New York City banks. -.dlea^^L for p u b l i c a t i o n Monday morning, November 1, 192O; 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 ) Oct-. 22, 1920 Oct. 15,1920 Number of r e p o r t i n g banks gg3 822 St.1535a. Apr . 23,1920 811 Oct. 24,1919 783. U. S, bonds to secure c i r c u l a t i o n - v_ 268,668 268,980 269,793 268,689 Other U. S. bonds including Liberty bonds - - - - - - - - - - - - - - - - - - 609,3U9 607,891 585,948 632,321 U- S. Victory n o t e s - - - - - - - - - - 193,3^9 191,273 207,316 302,887 313/872 361.753 630.472 930.126 1,385,238 1,429,897 1,693,529 2,134,023 loans and investments, including b i l l s rediscounted w i t h F- R. Bank: Loans secured by U- S. war obligations - - - — _ _ _ _ _ — _ _ _ _ _ _ Loans secured by stocks and bonds other than U. S- s e c u r i t i e s - - - - - - All other loans and investments - - - - - - - - - - - - - - - - - - - - - - 912,607 J,105*903 11^697.312 923 722 3 162*257 l l f 76s' 120 1,088,655 3,147,59 1 11.005.125 (a) 1,252,406 3,166,168 (a) 8.984.507 Total loans and investments, including b i l l s rediscounted with ^.R.Bank 17,101,060 17, 283,996 16,934,900 16,003,957 1,333,215 1,422,082 1,413,648 1,382,356 377,491 381,11% 36 7,831 374,581 11,240,588 11,472,924 11,411,564 11,179,529 2, 8l4, 559 2, 808,303 2,621,64o 2,173,538 438,955 U- S. C e r t i f i c a t e s of indebtedness — - - - - - - — _ _ _ _ _ _ _ _ _ - Total U. S. s e c u r i t i e s Reserve balance with F. R. Bank - - - - - — - — — Cash in v a u l t — - - Net demand deposits Time d e p o s i t s Government d e p o s i t s - - - - - - - - - - - - — _ _ _ _ _ _ 151,849 188,4oi 170,822 B i l l s payable with Federal Reserve Bank: Secured by U. S. war o b l i g a t i o n s - - - — — - — All other ___ — _ _ _ _ _ _ 674,652 2^705 6 6 8 623 4j39 889,095) 3,912) 1,187 , 969 259 201 7 1,316^807 90!;060) ^66,853 B i l l s rediscounted with Federal Reserve Bank: Secured by U- S- war o b l i g a t i o n s _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ All other ' R'-t.xo of U. S.war s e c u r i t i e s and war loan paper to t o t a l loans and i n v e s t merits, including rediscounts with F.R .Bank, per cent _ _ _ _ _ _ _ _ _ _ _ 253,115 1,271,*424 11.9 12.1 (a)Exclusive of r e d i s c o u n t s with 14.8 F. R. Banks- ^lolc,5lel * » i fo ? P u b l i c a t i o n Monday morning, November 1, 1920; not e a r l i e r . St-l^b. BE SOURCE AND LIABILITY ITEMS OF AI,L REPORTING MEMBER BANKS IN EACH FEDERAL RESERVE DISTRICT AT CLOSE OF BUSINESS OCTOBER 22^' 19 2C (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 . C l e v e l . Ricim. 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 F r a n . Total Ntmbsr r e p o r t i n g banks 48 115 81 46 92 59 108 6 8 S3 51 37 35 823 U- S. "bonds t o secure * circulation 12,609 46,663 11,347 42,295 28,908 14,380 21,550 1 6 , 6 2 3 7 , 3 7 1 i 4 , 7 0 1 19,573 32,64s 26s, 66s •Pther U. S. bonds i n c l u d i n g /. L i b e r t y bonds is, 255 253,113 29,221 6 2 , 1 0 7 33,429 28, 111 51,722 1 3 , 2 1 7 9,894 2 3 , 8 1 2 22,354 64, n 4 609,349 ,U. S. V i c to ry n o t e s 83,426 5.93S 18, S6l 9,023 7,04S 4,033 39,054 2,689 1,025 5,004 3,181 14,067 193,349 U . S. C e r t i f i c a t e s of i indebtedness 21.666 152,597 16,115 6.706 15,355 7,234 53.289 3,842 2.028 7.233 5.009 22 798 113 •' * J >g72 " 1. *T T o t a l U.S. s e c u r i t i e s 58,468 138,618 76,619 535,799 65,706 165,615 36,371 20,318 50,750 50,117 53,230 133,627 1,385,23S 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 rediscounted with F- R. Bank: r I including rediscounts w i t h F. R. Bank : I k JlLIf iljfjJ;gJg llbjg 1,117,918 6 , 4 6 s , 9 1 6 941,019 1 , 5 1 5 , 4 5 0 6 2 2 , 6 1 3 572,684 2 , 5 1 6 , 8 9 0 6 1 5 , 8 2 9 365,789 6 8 1 , 5 1 0 3 7 2 , 5 4 s 1 , 3 0 9 , 8 9 4 1 7 , 1 0 1 , 0 6 0 Reserve balance w i t h F.R.Bank 84,098 612,4io 70,501 104,007 35,s4O 28,823 186,066 38,449 17,372 44,304 25,482 85,863 1,333,215 Cash i n v a u l t 26,763 121,021 18,010 38,058 18,583 13,942 66,358 10,087 9,528 15,100 12,6 so 27,361 377,491 Wet demand d e p o s i t s 848,232 5,012,334 6 9 8 , 0 1 7 Bme d e p o s i t s 159,158 474,11s 39,712 Government d e p o s i t s .11,949 73,892 15,593 15,716 2,396 1,345 13,661 S i l l s payable w i t h F.R.Bank: Sec .by U.S.war o b l i g a t i o n s 1 All other 23,411 3 52,831 42,445 13,960 29,084 36- 30,603 756 B i l l s red i scorn ted w i t h F.R.Bank: / S s c . b y U.S.war o b l i g a t i o n s 12,314 ^ 411 other 45,755 i4o, 673 423,517 34,385 27,966 7,815 40,397 10,959 76,839 t * 956,753 339,003 249,829 1,379,715 300,495 187,998 394,038 2 2 6 , 7 9 3 647,381 11,240,588 380,379 1 0 6 , 1 9 9 l4s,479 4,674 46,264 636,621 128,767 68,747 96,988 55,664 519,727 2,814,559 3,661 1,202 3,533 1,676 7,225 151,849 82,981 21,582 6,071 533 2 2 , 846 1,295 17,345 31,493 85 674,652 2,705 16,602 275,164 8,864 85,46o 1,886 66,607 7,771 83,267 2,461 29,798 4,711 70,390 253,115 1,271,424 t Released IH P. B. BANK AND BRANCH CITIES AND ALL OTHER (Mounts in thousands of d o l l a r s ) sagferiiuaiiiw New York City Oct. 22 Oct. 15 All F. R. Bank c i t i e s Oct. 22 Oct. 15 City of Chicago Oct. 22 Oct. 15 Loans and investments including b i l l s : F. E. Branch c i t i e s Oct. 22 Oct. 15 All other r e p o r t i n g "banks Oct. 22 Oct . 1 5 : : EEilH££f/™ i-Sl iila , If;. a l ;-'iS ;IIS, I;1, i a, i s Ji T 0 S ^eSL^tsnwithnFnE?B^sUd™ 5 , 7 3 7 , 7 1 0 5,829,991 1 , 5 2 0 , 7 2 3 l , 5 ^ 9 , 3 9 7 H . 1 2 2 . 2 2 U 1 1 , 2 7 6 , U 8 ? 3 , 2 8 0 , 5 6 8 3,279,179 2 , 6 9 8 , 2 6 s 2,728,330 1 3 ^ , 7 8 5 ' 138,6U0 97U,6oi i,052,03U 203,19U 211,116 155,^20 158,932 38,818 Ui,i6o 2lU,66U 21s,8U3 7U,395 76,995 ss,U32 85,276 U,513,U90 U,6U7,698 9Us,855 980,59% 7,862,936 8 , 0 3 1 , 6 3 7 i,767,U89 1 , 8 0 3 , 6 6 9 335,907 33U,98U 292,807 291,731 1,302,706 l 299,Uy7 908,U18 906,Ui8 603,U35 602,UUs 70,293 86, 85U 6,53S 6,897 116,318 lU5,U9l 2U, 7U2 28,716 10,789 lU.igU B i l l s payable w i t h F. E. Bank: Secured by U.S.war o b l i g a t i o n s All other 3 2 1 , U29 303,773 25,266 23,223 1,750 U6i,075 800 U38,527 131,360 1U2.568 82,217 87,528 2,550 1,336 1,179 569 6lO B i l l s rediscounted w i t h F.B.Bank: Secured by U.S. war o b l i g a t i o n s All other 136,98U 397,690 13^,710 U09,808 9,Ul2 197,571 9,139 210,068 2 0 8 , U36 919,808 Reserve balance with F. R - Bank 567,80U 6U0,552 Cash ill v a u l t IO6,200 107,9U9 Net demand d e p o s i t s Time deposits Government deposits Ratio of U. S. war s e c u r i t i e s and war loan paper to t o t a l loans and investments, including J XUU-LI1& rediscounts A tfUiijUUUliU&wvvi ta.h uuF.R.Bank,percent -u* K % 1U.9 ~ ' V 15.0 ~ 6.9 ^ 7-1 12.0 1,610,163 1,637,618 212,822 32,071 33,266 12,608 13,113 96U,U91 187,266 185,526 l6U,350 166,790 12.2 12.3 12.6 10-9 11-0
@FedFRASER