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STATEMENT FOR THE ^ESSS 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. 1 not e a r l i e r , 7 F e d e r St.316? l Reserve Board, November 16, 1922, a CONDITION OF MEMBER BANKS IN LEADING CITIES Net l i q u i d a t i o n of $18,000,000 of l o a n s and of $15,000,000 of i n v e s t m e n t s , accompanied "by a d e c l i n e of $55,000,000 i n n e t demand d e p o s i t s , i s shown i n the F e d e r a l Reserve B o a r d ' s weekly s t a t e m e n t of c o n d i t i o n on November 8 of 786 member banks i n l e a d i n g c i t i e s . The s t a t e m e n t shows a r e d u c t i o n of $5,000,000 i n l o a n s s e c u r e d by Government o b l i g a t i o n s and of $48,000,000 i n l o a n s secured by c o r p o r a t e s t o c k s and bonds, while o t h e r l o a n s , c h i e f l y of a commercial n a t u r e , i n c r e a s e d by $35,000,000. Changes i n the i n v e s t m e n t account i n c l u d e an i n c r e a s e of $12,000,000 i n United S t a t e s bonds and r e d u c t i o n s of $5,000,000 i n Treasury n o t e s , ^10,000,000 i n 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 and $12,000,000 i n c o r p o r a t e s e c u r i t i e s . Member banks i n Mew York C i t y show a r e d u c t i o n of $5,000,000 i n loans s e c u r e d by Government o b l i g a t i o n s and of $46,000,000 i n l o a n s secured by s t o c k s and bonds, while o t h e r l o a n s show an i n c r e a s e of $27,000,000. A d e c l i n e of $1,000,000 i n Government s e c u r i t y h o l d i n g s and of $20,000,000 i n o t h e r s e c u r i t i e s i s a l s o n o t e d . T o t a l l o a n s and i n v e s t m e n t s of the r e p o r t i n g i n s t i t u t i o n s d e c l i n e d by $33,000,000, the 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 the New York members b e i n g $45,000,000, Borrowings 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 from t h e F e d e r a l r e s e r v e banks i n c r e a s e d from $340,000,000 t o $353,000,000, or from 2 . 2 to 2 . 4 p e r c e n t of t h e i r 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 . For t h e New York City members an i n c r e a s e from $126,000,000 to $143,000,000 and from 2 . 5 to 2 . 8 p e r c e n t i s n o t e d . Government d e p o s i t s show a r e d u c t i o n of $21,000,000 f o r the week and o t h e r demand d e p o s i t s ( n e t ) a r e d u c t i o n of $55,000,000, while time d e p o s i t s i n c r e a s e d by $6,000,000. The New York C i t y members r e p o r t a r e d u c t i o n of $3,000,000 i n Government d e p o s i t s , of $60,000,000 i n n e t demand d e p o s i t s and of $1,000,000 i n time d e p o s i t s . Following i s a s t a t e m e n t of changes i n the p r i n c i p a l a s s e t s and l i a b i l i t i e s on November 8, 1922, a s compared w i t h a week and a year ago: Increase or Decrease I n m i l l i o n s of d o l l a r s since Nov. 9 , 1921 Nov. 1 , 1 9 2 2 •IS 130 252 5 + - 4s 638 + 35 — 516 Loans and d i s c o u n t s - t o t a l Secured by U. S. Gov't o b l i g a t i o n s . . Secured b y s t o c k s and bonds . . . . . . All other Investments, t o t a l . . U. S. bonds Victory notes U. S. Treasury n o t e s 15 4- 12 Reserve b a l a n c e s w i t h F, R. Banks Cash i n v a u l t , . . . Government d e p o s i t s Net demand d e p o s i t s . . . . . Time d e p o s i t s T o t a l accommodation a t F. R. Banks + 12 + 605 132 525 80 182 30 4 + 38 + 131 7 21 55 + 959 — - + . . . . "5 10 , Other s t o c k s and bonds + - - - + 1 ,100 6 + 63 665 370 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 17» 1922; not e a r l i e r . st. 3167a. PRINCIPAL RESOURCE AND LIABILITY ITEMS OF DEPORTING MEMBER BANKS IN LEAPING CITIES (Amounts i n thousands of d o l l a r s ) Nov. 8, 1922 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 Secured by U, S, Govt, o b l i g a t i o n s Secured by stocks and bonds (Other A l l o t h e r loans and d i s c o u n t s - - - - - - - - - - - - - - - - - - r e d i s c o u n t e d w i t h F. R. Bank: - - - - - - - - - - - - - - - - - - t h a n U. S. 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 - - - - U. S. bonds - - - - - - - - - - - - - - - \ U. S. V i c t o r y n o t e s - - - - - - - - - - - - - - - - - - - - - - - — _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ U. S. Treasury n o t e s - - - - - - - - - - - - - - - - - - _ _ _ _ _ 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 - - - - - - - - - - - - - - - - - - - 786 287,025 3,706,407 7,263,227 11,256,659 1,503,786 33,396 64s ,921 3,068,680 11,274,786 *1,491,825 32,982 10,875,921 1.157,991 94,056 11,387,051 898,695 164,544 *654,181 *107,227 4o6,007 136,364 124,156 176,574 2,252,854 15,813,855 2,191,283 14,861,622 2,059,233 14,810,253 1,390,211 1,239,060 280,639 10,829,264 309,457 10,174,533 1,400,091 278,181 539,087 7,779,284 3,642,103 221,720 3,242,545 2,922,861 180,434 263,701 186,961 392 55,077 736 225,357 1,358 173,557 1,976 151,284 2,480 91,948 36,782 488,685 2.4 2.2 1.0 5.1 206,902 331,987 3,3H,35l 7,232,583 3,647,510 B i l l s payable with Federal Reserve Bank; Secured by U. S. Govt, o b l i g a t i o n s - - - — All other - - - - - W. 292,007 3,754,642 7,226,137 11,188,058 200,863 R a t i o of b i l l s payable and r e d i s c o u n t s with F. R. Bank to t o t a l loans and i n v e s t m e n t s , p e r cent Nov. 9, 1921 807 11,133,388 Government d e p o s i t s - 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 U. S. Govt, o b l i g a t i o n s - - - - - - - - - - - - - - - - - - All other - - - - - - - - - — _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ - _ _ _ May 10, 1922 798 786 96,596 0vner bonds, s t o c k s , and s e c u r i t i e s — — — — — — — — — — — — ——— —*2,241,320 — T o t a l loans & 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,Bank 15,780,678 Reserve b a l a n c e with F. R. Bank 1,369,950 Cash i n v a u l t - - - - - - - - - - - - - - - - 315,707 Net demand d e p o s i t s _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ Time d e p o s i t s - - - - - - — - - - - - - - - _ _ _ _ _ _ _ _ _ _ _ _ Nov. 1, 1922 958 1,228 ^Revised, f i g u r e s . 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. 17, 1922; rot e a r l i e r . St.3167b. PRINCIPAL HBSOURCE AND LIABILITY ITEMS OF ALL REPORTING MEMBER BANKS IN EACH FEDERAL RESERVE DISTRICT AT CLOSE OF BUSINESS NOV. 8, 1922. j ; (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 Bo'stten New York P h i l a . Cleve. R i c h . A t l a n t a Chicago S t . Louis Minn. Kans.Cy. D a l l a s San F r a n . Total Bomber of r e p o r t i n g banks 105 56 84 78 4l 109 37 32 79 52 6b 786 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 by U. S. G o v ' t , © b l i g . 17,627 100,581 18,954 . ' 3 1 , 2 4 2 1 1 , 9 7 4 7,526 43,807 15,863 8,298 10,602'. 4 , 3 5 7 16,194 287,025 Secured by s t o c k s and bonds 244,818 1 , 6 8 6 , 4 1 3 246,886 356,371 118,644 57,136 545,886 132,666. . 44,589 74,972 52,626 145,400 3,706,407 A l l o t h e r l o a n s and d i s c o u n t s 594.343 2 . 2 3 8 . 3 0 0 336.890 645.254 309.599 334.443 1.0C9.427 285,761 301,899 357.352 219.721 710.188 7 , 2 6 3 , 2 2 7 T o t a l l o a n s and d i s c o u n t s 856,535 4 , 0 2 5 , 2 9 4 602,730 1,032,867 440,217 399,105 1,599,120 434,290 103,952 614,288 64,829 177,831 661 11,814 2,697 1,854 U. S. Treasury n o t e s 22,579 408,765 26,113 35,637 U. S. C e r t i f i c a t e s of indebtedness 4,762 14,825 3,427 759,344 181.232 U. S. bonds U. S. V i c t o r y n o t e s O t h e r bonds, s t o c k s , & s e c u r i t i e s 171,055 65,261 62,677 3.5,633 136,457 1,503,786 215 1,986 ' 497 5,148 33,396 12,272 9,895 16,398 6,098! / 27,634 648,921 27,927 ,3,561 4,703 6,018 4,586 11 ,,838 96,596 409.700 86.874 27.584 59.658 8.607 164.631 2.241.320 137,011 1,394 4,101 3,869 4,466 75,195 4,421 3,387 7,141 280.097 56.999 35.539 4 3 ? 52,557 2,592. T o t a l l o a n s and d i s c o u n t s and 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 ,159,847 5 , 8 3 4 , 3 3 0 881,028 1,532,707 570,170 475,839 2,253,054 592,146 Reserve b a l a n c e w i t h F. R. Bk. 84,892 620,197 66,090 100,068 35,809 35,505 197,330 41,510 Cash i n v a u l t 19,454 Net demand d e p o s i t s 9 5 , 6 2 3 17,809 823,062 4 , 8 0 1 , 0 4 9 694,768 854,820 336,894 273,805 1 , 4 4 7 , 1 3 3 341,210 Time d e p o s i t s 240,236 785,945 56,929 515,716 148,625 157,928 Government d e p o s i t s 21,726 91,190 18,823 14,019 7,129 6,711 18,969 4,992 B i l l s p a y a b l e w i t h F. R. Bank: Secured by U.S. G o v ' t , o b l i g . All other 14,347 114,314 12,861 21,681 20 7,564 825 690 15,987 B i l l s r e d i s c o u n t e d w i t h F. B. Bank: Secured by U . S . G o v ' t , o b l i g . 207 All o t h e r 30,776 241 51,390 55 15,339 180 14,465 J 6 9,69s 196 12,979 157 12,962 31,810 15,081 11,133 891,782 11,256,659 25,096 28,194 . 254,786 442,926 276,704 61,101 10,384 733,153 176 443 322,279 589,663 332,125 1,237,490 15,780,678 23,629 44,647 28,001 92,272 1,369,950 7,269 12,691 11,387 21,965 315,707 208,156 441,721 244,281 666,489 11,133,388 81,247 122,229 68,394 560,665 3,647,510 4,032 4,124 2,476 6,672 200,863 1,887 1,155 4,263 975 11,175 113 206,902 958 8 1,097 1 2,796 39 8,655 , 9 4,095 59 9,305 1,228 173,557 st.3167c. 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 , November 17, 1922; not e a r l i e r . PRINCIPAL EE SOURCE AND LIABILITY ITEMS OF REPORTING MEMBER BANKS IN F R. BANK AND BRANCH CITIES AND IN OTHER SELECTED CITIES (Amounts i n thousands of d o l l a r s ) Other A l l F. R. F. R. New York City s e l e cted c i t i e s City of Chicago Bank c i t i e s Branch c i t i e s Nov. 8 Nov. 1 Nov. 8 Nov. 1 Nov. 8 Nov. 1 Nov. 1 Nov. 1 Nov. 8 Nov. 5 .64 64 312 208 Nunber of r e p o r t i n g "banks 266 208 312 266 50 50 Loans and d i s c o u n t s , i n c l u d i n g "bills r e d i s ' d with F. R. Bank: 41,962 89,910 94,518 34,518 Secured by U. S. G o v ' t , o b l i g . 41,531 51,982 35,889 193,944 198,063 51,550 417,652 425,664 450,404 451,504 1,515,297 1,560,570 Secured by s t o c k s and bonds 511,472 511,607 2,744,531 2,791,531 1,954,563 1,928,277 626,553 A l l o t h e r l o a n s and d i s c o u n t s 625,555 4,453,553 4,448,565 1 , 4 5 2 , 5 2 5 1,452,844 1,327,119 1,326,725 T o t a l l o a n s and d i s c o u n t s 7,422,058 7,438,162 2 , 0 1 5 , 5 4 7 2,016,433 1,819,054 1,820,191 3,559,770 3,533,365 1,077,725 1,088,136 526,800 518,238 299,653 548,268 299,457 859,411 52,795 53,923 U. S. bonds 344,918 *343,904 4,470 10,208 8,654 4,571 19,528 10,592 20,258 U. S, Vi ct o ry n o t e s 8,567 3,556 3,790 U. S. Treasury n o t e s tL S. C e r t i f i c a t e s of indebtedness 390,902 11,035 394,606 17,481 51,901 15,908 53,024 15,100 523,224 51,765 528,131 61,136 78,167 30,125 *77,875 *31,912 47,530 14,706 48,175 14,179 Other bonds, s t o c k s , and s e c u r i t i e s 562,791 582,772 174,017 172,742 1,198,186 1,208,724 622,491 623,615 420,643 420,515 T o t a l l o a n s and d i s c o u n t s and 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. Bank Reserve b a l a n c e 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 payable with Secured by U. S. All other B i l l s rediscounted Secured by U. 5. All other F. R. Bank: Govt, o b l i g a t i o n s 5,061,890 5,106,670 R a t i o 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 t o t o t a l loans and investments, per cent W. 10,074,902 10,104,249 986,923 1,017,871 3 , 0 5 3 , 8 1 5 3,102,423 223,291 219,396 2,605,961 2,607,183 162,824 159,736 575,375 612,757 80,317 70,921 33,264 29,016 165,526 l46,636 4,310,086 4,369,809 984,423 351,367 11,245 7,691,536 1,798,775 146,481 7,751,545 1,798,243 163,602 25,113 29,993 26,269 28,125 2,019 138,959 125,748 43,622 113 38,820 122 24,321 845 22,393 270 418 29,434 760 30,575 216 30,944 149 29,573 557,075 si,905 558,378 85,153 993,567 353,159 10,680 101,285 96,180 3,059 - w i t h F. R, Bank: Govt, o b l i g a t i o n s 1,377,030 1,385,587 140,671 133,235 241 41,671 2.8 - 713 29,316 - 77 4,698 .6 2.5 •Revised f i g u r e s . - - - 77 4,956 594 113,179 1,067 91,136 .5 2-5 2.2 68,322 56,164 1,822,248 1,811,673 1,075,278 1,071,982 2.4 2.3 81,859 75,381 1,619,604 1,624,840 771,878 773,457 2.2 2.0
@FedFRASER