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STATEMENT FOR THE PRESS st.sUig. Released f o r p u b l i c a t i o n in Federal Reserve Board. Friday a f t e r n o o n p a p e r s , Nov. IS; November l~[, 1921. not e a r l i e r . CONDITION OF MEMBER BANKS IN LEADING CITIES. Moderate r e d u c t i o n of l o a n s and investments, accompanied by a f u r t h e r decrease i n borrowings from t h e F e d e r a l r e s e r v e banks, i s i n d i c a t e d in the Federal Reserve Board's weekly c o n s o l i d a t e d statement of c o n d i t i o n on November 9 of 80% member banks i n l e a d i n g c i t i e s < All c l a s s e s of loans show smaller t o t a l s than the week b e f o r e : loans secured by United S t a t e s Government o b l i g a t i o n s - by $7,000,000; loans s e cured by c o r p o r a t e o b l i g a t i o n s - by about $1,000,000, and a l l other loans and d i s c o u n t s , composed l a r g e l y of commercial and i n d u s t r i a l loans proper, by $4,000,000. Member banks i n New York City r e p o r t a r e d u c t i o n of *3,000,000 in t h e i r holdings of "Government" paper, a s a g a i n s t i n c r e a s e s of $7,000,000 i n paper secured by c o r p o r a t e o b l i g a t i o n s and of $5,000,000 in commercial paper. P r a c t i c a l l y no change i s shown i n the investments in United S t a t e s bonds and Victory n o t e s . Holdings of Treasury n o t e s show an i n c r e a s e f o r the week of $7,000,000, while those of Treasury c e r t i f i c a t e s , f o l l o w i n g the cons i d e r a b l e i n c r e a s e of the week b e f o r e , show a r e d u c t i o n of $ 4 - 0 , 0 0 0 , 0 0 0 * Corresponding changes f o r the New.,York City banks i n c l u d e a r e d u c t i o n of $2,000,000 in U. S. bonds and Victory n o t e s , an . i n c r e a s e of $ 4 , 0 0 0 , 0 0 0 i n Treasury n o t e s and a r e d u c t i o n of $12,000,000 in Treasury c e r t i f i c a t e s . Investments of the r e p o r t i n g banks in 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 i n d i c a t e an i n c r e a s e of $6,000,000 - a l l in New York C i t y . In consequence of the changes shown, t o t a l loans and investments cf the r e p o r t i n g banks show a decrease f o r the week of $39>000,000, while those of the member banks i n New York City show an i n c r e a s e f o r the same p e r i o d of $6,000,000. Aggregate borrowings of the r e p o r t i n g i n s t i t u t i o n s from the Federal reserve banks show a f u r t h e r r e d u c t i o n from $767,000,000 to $752,000,000, or from 5*2 to 5*1 p e r cent of t h e i r t o t a l loans and investments. For the New York City banks an i n c r e a s e from $119,000,000 to $155,000,000 i n accommodation a t the l o c a l Federal r e s e r v e bank and from 2 . 5 to 3*4 p e r cent i n the r a t i o of accommodation i s shown. As a g a i n s t an i n c r e a s e of $7,000,000 i n Government d e p o s i t s , o t h e r demand d e p o s i t s (net) and time d e p o s i t s show d e c l i n e s of $5,000,000 each. Member banks in New York City r e p o r t only nominal changes i n Government d e p o s i t s and time d e p o s i t s , as a g a i n s t a d e c r e a s e of $24,000,000 i n n e t demand d e p o s i t s , due to considerable withdrawals of bank b a l a n c e s by country c o r r e s p o n d e n t s . In keeping w i t h the r e d u c t i o n s i n d e p o s i t s and borrowings frem the Federal reserve banks, a g g r e g a t e r e s e r v e balances of the r e p o r t i n g i n s t i t u t i o n s with the Federal r e s e r v e banks show a d e c l i n e f o r the week of $9,000,000, the corresponding d e c l i n e f o r the New York City banks being $19,000,000. Cash in v a u l t , a p p a r e n t l y in connection with an i n c r e a s e . i n F e d e r a l r e s e r v e n o t e s issued, shows an i n c r e a s e of about $19,000,000, of which $12,000,000 i s shown f o r the member banks i n New York C i t y , 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 , ^ o v » 15> l y 2 1 ; n o t e a r l i e r . PRINCIPAL RESOURCE AND LIABILITY ITEMS OF REPORTING MElvlBER BANKS IN LEADING C I T I E S ( A m o u n t s i n t h o u s a n d s of d o l l a r s ) Nov. 9 , 1 9 2 1 ™ Nov. 2, 1921 May 1 1 , 1 5 2 1 821 SOS 807 Loans ana 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: S e c u r e d by s t o c k s a n d b o n d s ( o t h e r A l l o t h e r loans and d i s c o u n t s - U- S . t h a n U. S . securities) - - - - - - - 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 st.2: Nov. 1 2 , 1 9 2 0 .. 825 908,781 3,050,725 (a) 539,087 3,068,680 7,778,161 546,533 3,069,817 7,782,009 736,339 2,954,292 8,4b5,H2 11,385,928 n.398,359 12,195,743 898,695 897.875 871,790 880,820 164,544 165.853 188,752 195.257 124,156 117.156 - 176 , 574 216,395 2,060,356 2,054,023 14,810,253 (a) - 14,849,661 196,639 2,036,092 15,439,016 16,848,730 1,239,060 309,457 1,247,699 1,257,684 1,370,963 290,157 339,783 383,854 10,174,533 10,179,779 10,252,005 11,128,159 2,982,861 2,987,820 2,947,242 2,819,528 _ _ _ _ _ _ _ _ _ _ 263,701 257,991 168,360 29,531 B i l l s p a y a b l e w i t h F e d e r a l R e s e r v e Bank: S e c u r e d b y U- S . G o v t , o b l i g a t i o n s _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ All other - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 225,357 1,358 218,690 1,513 509,354 1,987 648,896 1,938 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 R e s e r v e Bank: S e c u r e d by U . S . G o v t , o b l i g a t i o n s - - - - - - - - - - - - - - - - - All other 36,782 488,685 39,638 507,371 177,098 817,931 1,320,984 5-2 9-7 Total 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 "bills r e d i s ' d . w i t h F-R-Bk-Cash i n v a u l t - - - - - - - - - - - - - - - - - - - - - - - - - - - - - N e t dar.and 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 - - - - - - - - - - - - - - - R a t i o of b i l l s p a y a b l e a n d 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 l o a n s and i n v e s t m e n t s , p e r c e n t - - - - - - - - - - - - - - - 5-1 (a ) 278,154 (a) 257,007 Comparable f i g u r e s n o t a v a i l a b l e - 13-2 ja.e_L3a a xox 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, I S , 1921; not e a r l i e r . INCIPAi RJS \ U R C E AND ° LIABILITY ITEMS OF ALL REPORTING MEMBER BANKS IN EACH FEDERAL RESERVE DISTRICT AT CLOSE OF BUSINESS NOV. 9, 1921. F e d e r a l Reserve Di strict ^ _ i ^ l j | | s i n _ t ^ - a s a a d s of^dollars) __ Number of r e p o r t i n g banks hq Xl A t l a n t a Caxcago St .Louis i.linn. Kans.Cy. Dallas San Fran. Total R$? 5 85 82 U Loans and d i s c o u n t s , i n c l u d i n g 3 H2 37 35 72 52 65 S0 7 b i l l s rediscoxmted w i t h F . R. Bank: M— IfljiJlllSjlgflggjl l!,:S 3 H •= »13 = 5 e 3 s = 3 i'Z «;5 ig i t i f i , S'S investments, including b i l l s U.77U ss,92S 22,905 25,344 19 499 10,4» il-Jii nitl 36:1: 35:&? 27 200 : 14,060 -lo5 9.132 2,103 e g , 7,225 4,291 4,291 16,631 16,631 225,357 £1$ •361182 Uss,6S5 B i l l s r e d i s c o u n t e d w i t h F.R.Barik: 2^:"/ I J -s- G o v t - o b l 1 5 - I^4277 u l j g 7 I:E 23:93" 3U14 i u . $ ne.teased f o r p n a l i c a t i o n ^ F r i d a yd a f t e r n o o n ,) November o t e Pa nr rl li e4 ro .r» XVU V omue J718, J. 6 , 1921; n not ~ " E M D — 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 ' d . w i t h F.R.Bank: Secured "by U.S.Govt, o b l i g . S e c u r e d ' b y s t o c k s and bonds A l l 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 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 Other b o n d s , s t o c k s 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 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 with. 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 b y 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 b y U.S. Govt, o b l i g a t i o n s All other 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 l o a n s and i n v e s t m e n t s , p e r cent ' ?ETING BAL«xc j.IM 2•„ K- „iiAI-JK BKAiJCH C I I I E S ^ „ 0 _ S J ^ x f i u n t s i n thousands of dnl l a r s ) A l m All F. R. New York City F. R. C i t y of Chicago Bank c i t i e s Nov. 9 Nov. Branch c i t i e s Nov. 9 Nov* Nov. 9 Nov, Nov. 9 Nov. 69 70 51 51 278 280 212 211 I T H S 186,291 " 189,780 73,587 78,390 1 316,237 J18JJ0_ '0!7'^81 20,115 12,040 72,194 3,590 67,519 3,518 79,748 20,450 27,407 539,864 4 , 6 8 1 , 7 % 4,675,852 543,306 561,912 94,003 81,519 4,148,515 4,172,185 292,54s 291,337 101,593 66,653 101,549 45,874 148,572 1,544 71,713 2.5 Other selected c i t i e s Nov. 9 Nov. 317 317 463,425 105,476 88,861 151,45s 146,634 1,835,910 1,849,228 216,219 217,809 217,562 39,298 38,934 21,399 17,527 16,491 216,64i 21,443 12,294 11,804 34,340 36,701 23,494 576,850 28,236 578,005 353,237 353,718 920,124 925,805 664,016 34,766 34,550 20,776 664,639 20,508 68,630 70,571 40,427 523 40,447 552 6,269 ,292,005 1 , 2 9 2 , 1 8 0 124,733 123,287 29,970 28,6s4 885,172 880,839 312,67s 29,615 313,401 29,615 1,259 100 1,290 39,557 464,914 103,247 94,035 118,740 11,563 76,657 546,418 T 52,671 1,189,048 1,181,902 g-7.gfe.789 2.257-UP* 3,632,128 3,629,110 279,443 276,546 O 1,100 31,405 2.6 ' 1,398,721 1,397,376 208,159 202,933 100 116,300 100 107,672 100 1,384 32,083 274,236 6,714 3-1 23,917 4.4 25,968 282,737 4,4 735 6,596 s6i 6,958 100,237 107,216 114,212 6,712 117,418 6. 6.4 6. G 6.7
@FedFRASER