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STATEMENT FOE T13E PRESS S t . 3772 .Federal Reserve Board, November 1, 1923* 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. 2; not e a r l i e r . CONDITIO,; OF MEM3EE BANKS I F LEADING' CITIES An a g g r e g a t e d e c r e a s e of $ 3 9 , 0 0 0 , 0 0 0 i n l o a n s and i n v e s t m e n t s , t o g e t h e r w i t h r e d u c t i o n s of $ 1 0 9 , 0 0 0 , 0 0 0 i n n e t demand d e p o s i t s and of $ 2 1 , 0 0 0 , 0 0 0 in accommodation a t " t h e F e d e r a l r e s e r v e banks, i s shown i n t h e F e d e r a l Reserve Board ' s weekly c o n s o l i d a t e d s t a t e m e n t of c o n d i t i o n on October 24 of 771 member banks in l e a d i n g c i t i e s . Loans secured by Government o o l i g a t i o n s d e c l i n e d by it-28,000,000, l o a n s on c o r p o r a t e s e c u r i t i e s i n c r e a s e d by $ 5 , 0 0 0 , 0 0 0 , and a l l o t h e r , l a r g e l y commercial, l o a n s d e c r e a s e d by $ 2 1 , 0 0 0 , 0 0 0 . H o ld in g s of U. S. s e c u r i t i e s - s h o w a r e d u c t i o n of $ 6 , 0 0 0 , 0 0 0 f o r t h e week, w h i l e h o l d i n g s of c o r p o r a t e s t o c k s and bends i n c r e a s e d oy $ 1 0 , 0 0 0 , 0 0 0 . v A r e d u c t i o n of $ 2 8 , 0 0 0 , 0 0 0 i n l o a n s secured by U. S. s e c u r i t i e s r e p o r t e d f o r t h e member banks i n New York C i t y i s o f f s e t by an i n c r e a s e of l i k e amount i n l o a n s on c o r p o r a t e s t o c k s and bonds. " A l l other!' l a r g e l y commercial, l o a n s d e c l i n e d $23,000,000. I n v e s t m e n t s of t h e s e i n s t i t u t i o n s i n c r e a s e d by $ 1 2 , 0 0 0 , 0 0 0 , T r e a s u r y n o t e s showing an i n c r e a s e of $ 8 , 0 0 0 , 0 0 0 and c o r p o r a t e s e c u r i t i e s an i n c r e a s e of $4,000,000. Net demand d e p o s i t s of a l l r e p o r t i n g banks d e c l i n e d $ 1 0 9 , 0 0 0 , 0 0 0 , banks i n a l l F e d e r a l r e s e r v e d i s t r i c t s , e x c e p t i n g t h o s e of P h i l a d e l p h i a amd D a l l a s s h a r i n g in t h e d e c l i n e . For t h e Few York d i s t r i c t t h e d e c r e a s e amounted t o $ 5 2 , 0 0 0 , 0 0 0 , f o r t h e Cleveland d i s t r i c t - t o $ 1 3 , 0 0 0 , 0 0 0 , f o r t h e San F r a n c i s c o d i s t r i c t - t o $ 1 2 , 0 0 0 , 0 0 0 , and f o j ^ j h e Boston d i s t r i c t - t o $ 9 , 0 0 0 , 0 0 0 . Time d e p o s i t s i n c r e a s e d $ 1 0 , 0 0 0 , 0 0 0 , while/Government w i t h d r a w a l s of f u n d s amounted t o $ 2 4 , 0 0 0 , 0 0 0 . Reserve b a l a n c e s m a i n t a i n e d a t t h e F e d e r a l r e s e r v e banks d e c r e a s e d $591000,000, Cash i n v a u l t shows but a nominal c h a n g e . For t h e Mew York C i t y members, a r e d u c t i o n of $ 2 9 , 0 0 0 , 0 0 0 i n r e s e r v e b a l a n c e s and a nominal i n c r e a s e in c a s h a r e shown. v Borrowings of a l l r e p o r t i n g i n s t i t u t i o n s f r o m t h e F e d e r a l R e s e r v e banks d e c l i n e d f r o m $ 5 8 2 , 0 0 0 , 0 0 0 t o $ 5 6 1 , 0 0 0 , 0 0 0 , or f r o m 3 - 5 t o 3-4 p e r c e n t of t h 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 member banks ia t h e Boston d i s t r i c t d e c r e a s e d $ 1 4 , 0 0 0 , 0 0 0 and t h o s e i n t h e New York d i s t r i c t $10,000,COO, w h i 1 e i n t h e Kansas C i t y d i s t r i c t member bank b o r r o w i n g s i n c r e a s e d $ 4 , 0 0 0 , 0 0 0 . F o l l o w i n g i s a s t a t e m e n t of changes in t h e 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 of r e p o r t i n g members, a s compared w i t h a week and a y e a r ago. Increase or Decrease In m i l l i o n s of d o l l a r s since • 17, 1923 O c t . 25. 1922 Loans and d i s c o u n t s - t o t a l Secured by U, S. Government o b l i g a t i o n s Secured by s t o c k s and bonds All other . . . . Investments, t o t a l U. S, bonds . . U, S. T r e a s u r y 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 O t h e r bonds, s t o c k s and s e c u r i t i e s . . . . . . 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 ' C. + - 41 28 8 21 .'2 + + f - - + - 3 11 10 + - 671 54 45 770 28 101 190 31 86 59 + 5 _ 152 + 24 109 10 — 21 - — - . . . + - - Reserve b a l a n c e s w i t h F. R. Banks , . . . Cash i n v a u l t T o t a l accommodation a t F, R. Banks - - + 85 405 334 St 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 , "JcvsL-'b^r £ , 1 $ 2 ) ; n o t e a r l i e r . * ^77<-a PRINCIPAL RESOURCE AND LIABILITY ITEMS OF REPORTING MEMBER 3ANES Hi LLaDIUG CITIES O c t . 17, 1923 770 Apr. 25, 1923 776 — O c t . 2 5 , 1922 787 230,191 3,673,509 3,016,597 252,451 3,664,912 8,038,007 261,317 3,792,995 7 , 784 , 383 3,718,731 7,245,134 - - - - - - - - - - - - - - - - - - - - - - - 11,920,297 11,961,370 U. S. P r e - w a r bonds - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 276,487 1,040,102 274,278 11,839,195 281,453) 1,042,500 24,934 85,409 1,032,742) 100,466) 577,377 874,010 *908,642 *686,914 SO,082 90,863 111,03s - - 2,154,194 2,144,561 158,586 2,151,772 2,239,841 T o t a l l o a n s and d i s c o u n t s and i n v e s t m e n t s - - - - - - - - - - - - - - - - - 16,433,473 16,472,991 16,472,836 15,739,711 - - - - - - - - - - - - - - - - - 1,351,105 1,409,948 1,367,695 1,345,743 Cash i n v a u l t - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 289,815 290,422 280,503 259,452 11,186,050 11,156,317 11,161,802 Time d e p o s i t s - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 11,076,549 4,033,199 4.023.6E0 3,986,783 3,625,187 Government d e p o s i t s - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 107,248 131,371 265,843 259,678 B i l l s p a y a b l e and r e d i s c o u n t s w i t h F e d e r a l Reserve Banks: Secured by U. S. Government o b l i g a t i o n s - - - - - - - - - - - - - - - - - All other - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 273,330 287,209 280,310 301,623 243,046 159,430 115,889 110,680 3-4 3.5 2.4 1.4 Number of r e p o r t i n g banks - - - - Loans and d i s c o u n t s , g r o s s : Secured by U. S, Govt. o b l i g a t i o n s Secured by s t o c k s and bends ( o t h e r 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 - - - - - - - - - - ( i n t h o u s a n d s of d o l l a r s ) O c t . 24, 1923 - - - - - - - - - 771 _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ t h a n U. S. s e c u r i t i e s ) - - - - - - - - - - - - - - - - - - - - - - - - - - - - U. S. L i b e r t y bonds - - - - - - - - - - - - - - - - - - - - - - - - - - - - U. 8. T r e a s u r y b e n i e - - - - - - - - - - - - - - - - - - - - - - - - - - - - U. S. T r e a s u r y 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 - - - - - - - - - - - - - - - - - - - - - O t h e r b o n d s , s t o c k s 'and s e c u r i t i e s - - - R e s e r v e b a l a n c e w i t h F e d e r a l R e s e r v e Banks Net demand 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 and r e d i s c o u n t s w i t h F e d e r a l R e s e r v e Banks 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 C. - - - - - - - - - - •Includes Victory notes. 285,043 11,248,908 1,503,010 3 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 2 , 1923; n o t e a r l i e r , St. ?EIMC1?AL RESOURCE AHD LIABILITY ITEMS OF ALL BEPOETING MEMBER iANICS IN EACH FEDERAL RESERVE DISTRICT AT CLOSE OF BUSINESS, ..O0TOJBEB 37720 24, 1923. ( i n t h o u s a n d s of d o l l a r s ) F e d e r a l Reserve D i s t r i c t Number of r e p o r t i n g b a n k s Loans and d i s c o u n t s , g r o s s : Secured by U . S . G o v t , o b l i g . Secured b y s t o c k s &'bonds All other loans & discounts T o t a l l o a n s and d i s c o u n t s U, S. P r e - w a r bonds U, S. L i b e r t y bonds U, S. T r e a s u r y bonds U, S. T r e a s u r y n o t e s U. S. C e r t i f i c a t e s of indebtedness Boston 43 113 Phi l a . 55 Cleve, 81 Rich, Atlanta 77 39 173,039 14,989 2,867 734,477 182,063 8,439 2,012 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 17,710 296,757 51,100 43,113 334,731 1,184,165 5>919,721 931,508 1,664,039 597,406 518,085 2,353,595 F. E. Bk. 86,545 599,089 72,794 100,828 35,791 32,233 196,986 80,374 15,581 19,805 33,785 14,427 10,113 56,935 839,505 4,665,289 689,922 904,832 333,597 260,510 1,460,281 269,667 907,900 107,610 600,355 151,994 180,038 787,573 26,602 6,102 19,190 13,076 3,912 5,701 11,094 B i l l s p a y a b l e and r e d i s c o u n t s w i t h F. R. Bank: Secured b y U.S.Govt, o b l i g . All other 5,009 10,346 90,995 17,504 43,371 15,642 23,405 21,050 18,037 14,281 25,282 36,393 W. 106 S t . L o u i s Minn. K a n s . C y . 36 28 76 4,971 T o t a l l o a n s and d i s c o u n t s and i n v e s t m e n t s Reserve balance with Chicago Dallas 52 12,600 74,150 18,619 27,848 10,071 9,461 37,925 12,295 4,613 6,927 3,002 228,865 1,499,930 265,444 4o4,3i6 120,944 66,322 583,67s l4o,s6o 38,748 81,689 55,751 637,668 2,575,659 354,990 697,279 337,764 JJ 357,816 JJ\ X 1,160,863 315,683 201,142 J354,440 223,473 879,133 4,149,739 639,053 1,129,443 468,779 433,599 1,782,466 465,838 244,503 443,056 235,226 IlQ i n £Ct£ Ll7 QQ1 29,628 00 i h )i7c oft c?C7 15,204 i c Onh O iCf 11,425 n hoc 2 0 , 4 1 1 12,591 49,653 10,698 47,991 14,475 24,853 9,167 78,174 468,557 43,872 1 1 9 , 4 2 3 2 6 , 8 4 6 1 4 , 3 2 6 94,688 23,738 13,116 48,010 14,295 4,828 26,105 3,276 4,512 3,623 1,670 12,128 7,461 955 5,934 1,977 33,838 476,201 43,679 57,474 1 5 , 4 1 8 5,931 1 1 7 , 0 1 9 18,416 27,831 19,360 1 5 , 5 5 4 2,562 O t h e r b o n d s , s t o c k s and securities New York > 5,446 3,22g 3,764 4,137 84,192 27,349 60,495 11,850 623,295 39,322 7,907 325,992 191,600 326,149 21,593 5,738 197,147 83,004 4,703 2,130 San F r a n , 65 Total 771 12,680 230,191 183,962 3,673,509 799,520 8,016,597 996,462 11,920,297 276,487 30,391 95,057 1,04o,102 12,465 84,934 40,356 877,377 9,957 80,082 155,028 2,154,194 552,044 353,750 1,339,716 16,433,473 43,587 26,994 95,343 1,351,105 12,712 10,647 21,791 289,815 410,571 249,538 739,365 11,076,849 134,22s 76,461 542,769 4,033,199 1,361 3,864 9,513 107,24s 42,559 13,928 5,665 21,790 31,130 36,259 10,211 19,212 2,879 6,330 17,278 31,453 273,330 287,209 1 Released f o r p u . _vc xcn Friday a f t e r n o o n , Bovember 2, 1923; not e a r l i e r , St. 3772c Eii-iCIPAT, RESOURCE AND LIABILITY ITEMS OF REPORTING MEMBER BANKS IN F. R. BANK 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 , g r o s s : Secured by U. S. Govt, o b l i g a t i o n s Secured by 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 , P r e - w a r bonds New York C i t y Oct. 24 Oct. 17 67 66 (In thousands of d o l l a r s ) A l l F. R. C i t y o f C hic ago Bank c i t i e s Oct. 2 4 Oct- 17 Oct. 2 4 Oct. 17 49 49 259 258 65,082 94,121 29,292 29,502 1 , 3 2 0 , 4 2 0 1,292,149 435,876 4 3 7 , 5 5 5 2,252,997 2,275.722 689.868 689.363 3,639,099 3,661,992 1,155,036 1,156,420 38,798 403,400 37,275 4,164 4,113 405,491 37,659 151,331 179,894 2,575,452 2,569,490 4.954.428 F. R. Branch c i t i e s Oct. 24 Oct. 17 206 42,071 36,114 36,486 596,410 500,271 499,012 4.977.448 1.665.315 1.660.518 1.398.854 1.400.04l 7,726,832 2,303,847 2 , 2 9 8 , 9 9 9 94,309 92,749 76,644 76,641 630,150 631,984 242,560 243,416 167,392 148,585 19,753 20,038 80,915 81,849 28,913 34,329 16,034 17,306 587.351 586.948 424.639 425.032 18,514 16,451 U. S. Treasury n o t e s 441,956 433,600 70,534 5,206 73,205 11,613 648,472 643,576 147,990 11,493 5,508 5,718 35,135 39,228 530.348 525. 799 161.080 158.721 1.142.204 1.132.581 5,083,728 551,711 5,094,101 65,868 65,341 Other bonds, 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 R e s e r v e 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 580,767 30,898 986,134 617,648 370,094 28,130 5,263 4,187,547 4,227,681 Tims d e p o s i t s 619,835 Government d e p o s i t s 23,36s B i l l s p a y a b l e and r e d i s c o u n t s w i t h F. R. Bank: Secured by U . S . Govt, o b l i g a t i o n s A l l other 64,631 32,979 67,765 35,907 1.9 2.0 R a t i o of b i l l s p a y a b l e 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 , per c e n t http://fraser.stlouisfed.org/ A Federal Reserve * Bank of St. Louis 1,439,361 1,441,072 138,966 142,60s -> 4 ^ 22,903 18,599 2-9 44,388 20,920 10,275,742 10,311,338 3,408,225 968,816 1,001,667 144,544 220,926 20,983 144,685 985,491 7,556,046 369,154 1,971,355 6,340 68,924 85,531 28,506 18,512 142,356 148,035 165,683 86,692 80,198 85,238 80,943 2.8 3.1 5.0 4.7 3-3 63,389 7,613,105 1,886,776 1,962,943 1,200,790 28,920 105,534 3,409,901 2,749,506 2,751,752 233,038 161,363 175,243 63,876 81,741 82,002 1,906,437 1,634,027 1,666,508 1,198,876 861,054 861,801 34,513 9,404 11,327 30,248 157,563 1,935,239 1,935,539 104,888 167,100 U. S . Treasury bonds U. S. C e r t i f i c a t e s o f i n d e b t e d n e s s 306 42,746 7,681,211 44,261 306 597,786 37,834 5,205 U. S, L i o e r t y bonds 206 Other selected c i t i e s Oct. 24 O c t . 17 44,282 53,936 3.6 42,549 54,997 3.5
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