The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
STATI5MTT FOE THE PRESS Released f o r p u b l i c a t i o n i n F r i d a y a f t e r n o o n p a p e r s , Nov. 11; not e a r l i e r . St.2402. F e d e r a l Reserve Board Nov. 10, 1921, CONDITION OF ISIETS BAMCS IN L7ZADING CITIESAggregate i n c r e a s e s of $1^3,000,000 of i n v e s t m e n t s , ' l a r g e l y i n T r e a s u r y ^ c c r t i f i c a t e s , i n c o n n e c t i o n w i t h t n e a l l o t m e n t on November 1 of $231,500,000 of l o a n and t a x c e r t i f i c a t e s , accompanied "by a t o t a l : i n c r e a s e of $177>000,000 i n Government d e p o s i t s , a r e t h e o u t s t a n d i n g f e a t u r e s of banking development f o r t h e week, a s d i s c l o s e d by t h e F e d e r a l Reserve B o a r d ' s weekly c o n s o l i d a t e d s t at emen t of c o n d i t i o n on November 2 of SOS member banks i n l e a d i n g c i t i e s . As a g a i n s t t h e s u b s t a n t i a l i n c r e a s e i n i n v e s t m e n t s , l o a n s and d i s counts of t h e r e p o r t i n g banks show a d e c r e a s e f o r t h e week of $23,000,000. An i n c r e a s e of $29,000,000 i s shown in. t h e a g g r e g a t e l o a n s s e c u r e d by c o r p o r a t e o b l i g a t i o n s . Loans s e c u r e d by Government o b l i g a t i o n s show a r e d u c t i o n of $ 1 5 , 0 0 0 , 0 0 0 , and a l l o t h e r l o a n s and d i s c o u n t s , l a r g e l y of a commercial and i n d u s t r i a l c h a r a c t e r - a d e c l i n e of $ 3 3 , 0 0 0 , 0 0 0 . Corresponding changes f o r t h e member banks i n New York City i n c l u d e a n i n c r e a s e of $13,000,000 i n l o a n s s e c u r e d by c o r p o r a t e o b l i g a t i o n s , as a g a i n s t r e d u c t i o n s of $14,000,000 i n l o a n s secured by Government o b l i g a t i o n s and of $16,000,000 i n commercial l o a n s . Jo1dings cf a l l c l a s s e s of Government s e c u r i t i e s were l a r g e r t h a n oti t h e p r e c e d i n g gdayf " . U. S> bonds and V i c t o r y n o t e s - by $16,000,000, U. S. T r e a s u r y n o t e s - b y $ 6 , 0 0 0 , 0 0 0 , and U. S. T r e a s u r y c e r t i f i c a t e s - b y $123,000,000. Member banks i n New York City show an i n c r e a s e of s)9>000,000 i n t h e i r h o l d i n g s of U. S* bonds and V i c t o r y n o t e s , an i n c r e a s e of $ 1 , 0 0 0 , 0 0 0 i n T r e a s u r y n o t e s , and an i n c r e a s e of $45,000,000 i n Treasury c e r t i f i c a t e s h e l d . Investments i n c o r p o r a t e and o t h e r s e c u r i t i e s by a l l r e p o r t i n g banks show a s l i g h t r e d u c t i o n , t h e New York C i t y banks r e p o r t i n g a d e c r e a s e of $3,000,000 under t h i s h e a d . I n consequence of t h e changes n o t e d , t o t a l loans and i n v e s t m e n t s of a l l r e p o r t i n g banks a r e s t a t e d $120,000,000 l a r g e r t h a n t n e week b e f o r e , t h e c o r r e s p o n d i n g i n c r e a s e f o r t h e New York City banks b e i n g $ 3 6 , 0 0 0 , 0 0 0 , Total accommodation of t h e r e p o r t i n g i n s t i t u t i o n s a t t h e F e d e r a l r e s e r v e banks shows a f u r t h e r d e c l i n e f r o m $506,000,000 to $767,000,000, or from 5.y to 2 p e r c e n t of t i i e i r t o t a l l o a n s and i n v e s t m e n t s . Borrowings of t h e New York C i t y banks f r o m t h e l o c a l r e s e r v e bank show a d e c l i n e from $155,000,000 t o $ 1 1 9 , 0 0 0 , 0 0 0 , o r f r o m 3•4 to 2 . 5 p e r cent of t h e banks' a g g r e g a t e l o a n s and i n v e s t m e n t s . L a r g e l y i n c o n n e c t i o n w i t h tlie a l l o t m e n t of t h e newly i s s u e d c e r t i f i c a t e s , Government d e p o s i t s of t h e r e p o r t i n g banks i n c r e a s e d by $177,000,000. Other aemand d e p o s i t s ( n e t ) d e c l i n e d by $12,000,000, w h i l e time d e p o s i t s show a f u r t h e r g a i n of $22,000,000. Member banks i n New York C i t y r e p o r t an i n c r e a s e of $66,000,000 i n Government d e p o s i t s , a nominal change i n t h e i r o t h e r demand d e p o s i t s , n o t w i t h s t a n d i n g a s u b s t a n t i a l i n c r e a s e i n bank b a l a n c e s c a r r i e d , and a s l i g h t g a i n i n t i m e d e p o s i t s . In k e e p i n g w i t h t h e d e c r e a s e s i n d e p o s i t l i a b i l i t i e s and borrowings from t n e F e d e r a l r e s e r v e b a n k s , a g g r e g a t e r e s e r v e b a l a n c e s of t h e r e p o r t i n g i n s t i t u t i o n s n e l d w i t h t h e F e d e r a l r e s e r v e banks show a r e d u c t i o n of $21,000,000, t h e c o r r e s p o n d i n g r e d u c t i o n f o r t h e New York C i t y banks b e i n g $13,000,000. Cash i n v a u l t i s shown $11,000,000 l e s s than t h e week b e f o r e , t h e New York C i t y banks r e p o r t i n g a d e c r e a s e of $3,000,000 u n d e r t h i s head. 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 , Nov* 11, 1921; not e a r l i e r . PRINCIPAL RESOURCE AND LIABILITY ITEMS OF REPORTING MEMBER B ATTICS IN LEADING CITIES (Amounts i n thousands of d o l l a r s ) ,— ~~ ' ~ " " Nov. 2, 1321 Oct. 2 ^ 7 1 9 2 1 Z4ayX 1921 . 821 808 809 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 - - - - - Secured b y 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 ) - - - - - - - - - Total 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.Bk.- 743, 6s6 3,004,012 8,504,993 12,252,691 911,168 3- 087,514 (a) (a) 800,633 879,284 161,527 111,576 189,431 193,627 - - 216,395 2,054,023 14,849,661 93,742 2,055,594 14,729,250 206,461 2,066,793 15,582,009 285,223 (a) 1,247,699 1,268,844 1,260,955 290,157 300,975 10,192,114 327,314 10,214,260 11,094,304 2,965,968 2,941,238 2,816,595 257,991 80,759 210,386 45,412 218,690 1,513 224,705 1,235 469,628 1,245 685,197 1,699 39,638 507,371 39,372 541,247 186,175 875,979 256,781 1,334,758 5-2 5.5 9-8 13.5 10,179,779 2,987,820 B i l l s p a y a b l e w i t h F e d e r a l Reserve Bank: 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 TJ. S, 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 w i t h F< R. Bank to t o t a l l o a n s ' a n d i n v e s t m e n t s , p e r cent - l o f . 57 1920 823 564,818 3,040,953 7,815,222 11,420,993 885,818 545,533 3,069,817 7,782,009 11,398,359 897,875 165,853 117,156 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 bt.24u^a 16,935,336 1,335,235 387,411 28 r— r-4 OJ R e l e a s e d f o r p u b l i c a t i o n Friday a f t e r n o o n , Nov. 11, 1921; not e a r l i e r . St,2402b. PRINCIPAL RESOURCE AND LIABILITY ITEMS OF ALL REPORTING I33BER BAHKS IN EACH FEDERAL RESERVE DISTRICT AT CLOSE OF BUSINESS NOV. 2, 1921. — (Amounts i n thousands of d o l l a r s ) j : "v„e e r a Reserve D i s t r i c t Boston New York P h i l a . CIeve. Rich. A t l a n t a Chicago S t . L o u i s Minn. ICans.Cy. D a l l a s San Fran. Total Numoer of r e p o r t i n g banks 49 112 58 85 82 42 112 Yl 15 79 52 65 80S 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 b y U.S.Govt, o b i i g , 32,55 4 211,865 55,852 5 3 , 0 6 ] 22,060 17,629 72,031 18,435 11,512 1 8,695 6,803 26,034 546,533 Secured b y s t o c k s and bonds 195,388 1,345,763 200,p76 334,483 107,291 51,601 432,342 121,7^41 33,288 65,525 37,659 l 4 4 , l o 0 3,069,817 AH o t h e r l o a n s & d i s c o u n t s 599,221 2,550,720 353,385 649,496 327,052 318,325 1,132,764 296,806 234,148 374,148 202,726 743,218 7,782,009 T o t a l l o a n s and d i s c o u n t s 913,412 11,398,359 ,637,137 436,982 278,948 458,368 U. S. b o n d s 40,201 323,427 47,316 111,893 61,063 30,680 101,074 71,082 27,067 15,300 33,407 34,365 897,875 U. S» V i c t o r y n o t e s 3,508 85,578 6,495 14,960 16,871 165,853 1,167 807 3,391 1,874 3,I4S 1,319 26,735 U. S. T r e a s u r y n o t e s 3,491 76,967 7,742 3,121 2,4i4 8,860 8,688 622 117,156 1,224 3,890 137 U. S» C e r t i f i c a t e s of indebtedness 13,755 85,997 15,654 15,531 6,020 4,126 4,190 4,342 16,659 216,395 39,112 5,615 5,394 Other b o n d s , s t o c k s & s e c u r i t i e s 140,424 718,588 158,290 274,986 51,632 37,010 169,589 2,054,023 354,926 69,588 21,149 47,724 10,117 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. 1,028,542 5,398,905 845,310 1,457,533 579,093 4 6 l , 4 6 l 2,137,680 540,556 323,94s 551,931 298,237 1,226,465 14,849,661 Reserve b a l a n c e w i t h F. R, Bank 79,000 605,999 62,847 88,802 29,750 24,589 171,331 39,731 18,203 35,060 19,409 72,978 1,247,699 Casi.1 m v a u l t 20,545 93,826 15,754 27,084 13,748 9,405 50,331 7,243 5,830 12,650 9,460 24,081 290,157 Net demand d e p o s i t s 757,133 4,636,815 626,643 782,731 295,943 217,880 1,276,697 290,823 l 7 7 , 4 l 4 353,754 187,353 576,593 10,179,779 Time d e p o s i t s uovernment 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.Barik: 183,221 20,483 431,610 128,186 i42,'56o 24,014 9,156 6,215 60,337 1,244 548,999 14,420 2,987,820 257,991 5,672 694 20,759 437 218,690 1,513 Another7 U 'S'G0Vt,0bllg' B i l l s re d i s c o u n t od w i t h F.R.Barik: 5,003 £ ? £ 46i,oo6 106,530 44,i45 23,21b 67,606 - 23,640 4$ Hilt 20,44i 27 18,942 W 11,173 4 U,2=6 657,598 149,039 33,358 8,865 69,772111,347 8,397 2,093 23,331 100 3,469 255 , ^ 8,305 z,*o 2G J50 7,349 3 Z,3S3 *0 R e l e a s e d 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 , November 11, i g g l - n o t e a r l i e r — PR^NoIPAL R&SOURoE W D L I A B I L I T i ITEIviS OF REPORTING^ MEMBER BANKS IN F , R . BAM AND BRANCH CITIES AND IN OTHER SELECTED CITIES, , Number of r e p o r t i n g banks 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 1 d . w i t h F.R .Bank: Secured by U.S.Govt, o b l i g . Secured by s t o c k s and bonds All o t h e r l o a n s and d i s c o u n t s T o t a l l o a n s and d i s c o u n t s U, S. bonds —Unmounts i n thousands of d o l l a r s ) New York C i t y Nov. 2 O c t . 26 70 JO 189, 780 203,636 1,181,902 1,168,632 2 ^ 5 7 , 4 2 8 2,273 .156 3,629,110 3,645,424 C i t y of Chicago Nov. 2 Oct, 26 51 51 52,817 54,150 314,932 309,718 -115x116. 228,988 1,083,485 1,092,856 __ All F, R. Bank c i t i e s Nov, 2 Oct, 26 280 280 3 82,402 399,026 2,192,568 2,162,873 4.Q75.734 5.006,958 7,550,704 7,568,857 F, R. Branch c i t i e s Sov. 2 Oct. 2 211 211 Other selected c i t i e s Nov, 2 Oct. 26 317 318 74,405 90,240 91,387 13, m 4i6r5b6 415,058 463,022 46o, 683 1 , 4 4 7 . 5 0 4 1.448.521 1.358.771 1,359,741 1,998,427 2,002,932 1,849,228 1,849,204 276,546 269,819J U.. S. V i c t o r y n o t e s 463,425 454,418 217,809 215,489 216,64i 215,911 76,456 U, S, T r e a s u r y n o t e s 19,573 11,563 19,230 78,390 11,596 105,476 72,194 21,443 21,283 71,123 3,518 3,391 88,861 14,655 11,804 79,748 38,934 16,491 37,292 U, 3. 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 102,952 36,144 10,777 34,825 27,407 5,690 151,458 55,388 36,701 21,111 28,236 17,243 539,864 542,530 146,634 146,522 1,122,300 1,125,103 578,005 575,541 353,718 354,950 ,292,180 1 , 2 / 9 , 2 8 5 123,287 124,680 28,684 29,584 886,839 892,790 9,482,224 9,392,862 929,630 942,681 162,607 168,409 7,212,914 7,223,050 Other "bonds, stocks and s e c u r i t i e s T o t a l l o a n s and d i s c o u n t s 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 ,Bahk Reserve balance w i t h F. R. Bank Cash i n v a u l t 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 B i l l s p a y a b l e w i t h F. R. Bank: Secured by U.S. Govt, o b l i g a t i o n s All o t h e r 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 All o t h e r R a t i o of b i l l s payable and r e d i s c o u n t s wv.n t o t a l l e a n s and i n f ve s tr Digitized » for \FRASER 4,675,852 4 , 6 4 o , i 7 7 561,912 575,139 81,519 84,923 4,172,185 4,172,464 2 , 8 8 6 , 3 6 7 2,867,020 2,481,070 2,469,368 185,181 138,436 140,982 179,633 70,424 57,126 58,334 74,232 1 , 5 4 6 , 6 0 4 1,553,121 1,420,261 1,415,943 915,840 664,639 925,805 661,547 10,176 20,508 34,550 6,761 291,337 101,549 289,897 512,678 312,386 35,089 29,615 6,520 202,933 63,822 45,874 59,502 6,714 100 3,771 100 107,672 100 117,431 100 70 , 571 861 25,968 282,737 25,092 308,209 6,958 107,216 1,544 71,713 1,320 95,054 1,384 32,083 1,136 35,388 2.5 3-4 3.1 3.2 1,397,376 1,388,581 4.4 4.8 6.4 66, 798 • 884 6,652 111,687 6.5 40,447 40,476 552 251 6,712 117,418 7,628 121,351 6.7 6.C: *
@FedFRASER