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Released for publication Friday afternoon, Nov, 24-J not earlier STATEMENT FOR THE PRESS St,3181. Federal Reserve Board, November 23, 1922. CONDITION OF MEMBER BANKS IN LEADING CITIES Further net liquidation of $32,000,000 of loans and discounts, as against increases of $7,000,000 in Government securities and of $10,000,000 in corporate securities, are shown in the Federal Reserve Board's consolidated weekly statement of condition on November 15 of 785 member banks in leading cities. An increase of $16,000,000 in loans secured by Government obligations ia more than offset by a reduction in loans secured by stocks and bonds, while all other loans and discounts, comprising chiefly loans of a commercial character, show a decline of $29,000,000 for the week. Member banks in New York City show an increase of $14,000,000 in loans secured by Government obligations and reductions of $30,000,000 in loans secured by stocks and bonds and of $20,000,000 in other loans and discounts. Their investments increased by $10,000,000, nearly all in corporate securities. Total loans and investments of the reporting institutions declined by $15,000,000, the corresponding reductions for member banks in New York City being $27,000,000. Borrowings of the reporting institutions from the Federal reserve banks show a further increase from $397*000,000 to $403,000,000, or from 2,5 to 2.6 per cant of their combined loans and investments. For the New York City members an increase from $143,000,000 to $147,000,000 in accommodation at the local reserve bank and from 2,8 to 2.9 per cent in the ratio of accommodation is noted. Government deposits show a decline of $11,000,000 for the week, other demand deposits fell off about $6,000,000, while time deposits increased by $4,000,000, Member banks in New York City report decreases of $8,000,000 in Government deposits, of $11,000,000 in net demand deposits and of $3,000,000 in time deposits. ^ Reserve balances, all with the Federal reserve banks, show an increase of ip22,000,000, largely in New York City, Cash in vault, on the other hand, declined by $22,000,000, the New York City banks reporting a reduction of $6,000,000 under this head. Following is a statement of changes in the principal assets and liabilities on November 15, 1922, as compared with a week and a year ago; Loans and discounts - total Secured by U, S, Gov't1 obligations Secured Tby stocks and bonds . . . , All other . . . . . . Increase or Decrease In millions of dollars since Nov, g. 1922 Nov. l6. 1921 121 32 + 16 237 + 628 19 29 512 - Investments, total . , U, S. bonds Victory notes . . . . U. S, Treasury notes Treasury certificates Other stocks and bonds + Reserve balances with F. R. Banks Cash in vault . . . , — + + 17 3 - + - + - 7 3 10 22 22 Government deposits . . Net demand deposits . . Time deposits - + 11 6 4 Total accommodation at F R, Banks + 7 1,109 600 130 + 535 74 Hh 175 + + - + + - 123 9 25 391 649 299 Released for publication Friday afternoon, November 24, 1922; not earlier. - - PRINCIPAL RESOURCE AND LIABILITY ITEMS OF REPORTING MEMBER BANKS IN LEADING CITIES (Amounts in thousands of dollars) Nov. 16, 1921 807 Nov. 8, 1922 786 May 17, 1922 798 303,072 3,686,779 7,243,367 *287,119 3,706,407 *7,271,735 329,182 3,411,304 7,175,499 540,072 3,059,193 7,755,054 Total loans and discounts - - - - - - - - - - - - - - - - - - - - - - 11,233,218 *11,265,261 10,915,935 11,354,319 - 1,506,639 1,503,786 1,157,367 906,517 32,527 33,396 94,271 162,699 655,794 648,921 413,021 120,594 93,947 96,596 132,295 167,834 Other bonds, stocks, and securities - - - - - - - - - - - - - - - - - - - - 2,251,675 2,241,320 2,220,964 2,073,581 Total loans & discounts & invest.,including bills redis'd.with F-R.Bank - 15,773,800 *15,789,280 14,933,903 14,785,544 1,391,559 1,369,950 1,393,541 1,269,059 294,115 315,707 271,170 303,342 - -- -- -- -- -- - - 11,126,537 11,133,388 10,968,435 10,235,681 - 3,651,805 3,647,510 3,213,169 3,002,576 189,515 200,863 145,095 214,326 . 234,170 699 *211,506 958 61,030 490 200,988 1,478 1,677 166,621 *1,322 *152,065 2,555 86,916 37,942 461,578 1.0 4-7 Number of reporting banks - - - - - - - - - - - - - - - - - - - - - - Loans and discounts, including bills rediscounted with F- R- Bank: Secured by U. S. Gov't, obligations - - - - - - - - - - - - - - - - - Secured by stocks and bonds (Other than U. S. securities) - - - - - - - All other loans and discounts - - - - - - - - - - - - - - - - - - - - - - U. S. Certificates of indebtedness - - - - - - - - - - - - - - - - - - - - Reserve balance with F. R. Bank - - - - - - - - - - -- -- -- -- -- - - Cash in vault - - - - - - - - - - - - - - - - - - - - - - - - - - - - - Net demand deposits - - - - - - - - - - - - - - Government deposits - - - _ _ _ _ _ _ - - Bills payable with Federal Reserve Bank: Secured by U. S. Gov't, obligations - - - - - - - - - - - - - - - - - - All other Bills rediscountedfrithFederal Reserve Bank: Secured by U. S. Gov't, obligations - All other - Ratio of bills payable and rediscounts with F. R. Bank to total loans and investments, per cent - Nov. 15, 1922 7&5 2.6 2 F, *"Rpvvs"d f•• ""f • s Bel eased for publication Friday afternoon, November 24, 1922; not earlier. St. 7-1-lb PRINCIPAL EE SOURCE AND LIABILITY ITEMS OF AIL REPORTING MEIvlBER BANES IN EACH FEDERAL RESERVE DISTRICT AT CLOSE OF BUSINESS NOVEMBER 15, *1922. * (Amounts in thousands of dollars) Federal Reserve District Boston New York Phil; Cleve. Rich. Atlanta Chicago St. Louis Minn. Kans.Cy. Dallas San Fran. Total Number of reporting banks 46 105 56 84 78 41 109 37 32 79 52 66 785 Loans a.nd discounts, including bills redisoounted with F. R. Bank: Secured by U. S. Gov't, obli 15,791 114,954 19,075 31,373 11,837 7,628 46,702 16,029 8,334 10,544 4,694 l6,06l 303,072 Secured by stocks and bonds 241,330 1,655,973 247,733 354,642 117,389 58,377 554,832 134,119 44,751 75,974 53,542 l4s,H7 3,686.779 All other loans and discounts 587,039 2,218,381 336,816 645,188 312,658 515,716 1.006,798 291.349 198,891 358.158 219. 733,103 7.243.36? Total loans and discounts 844,loO 3,989,310 603,624 1,031,203 441,934 401,721 1,608,332 441,497 251,976 444,676 277,504 897,281 11,'233,218 U. S. bonds 103,328 618,085 63,189 177,808 65,348 28,039 137,950 51,354 25,790 63,571 35,420 136,757 1,506,639 U. S. Victory notes 11,938 953 1,526 483 1,462 775 3,667 2,714 216 1,809 6,487 497 32,527 U. S. Treasury notes 22,266 U. S. Certificates of indebtedness 4,419 410,882 25,752 12,384 31,836 3,863 4,527 85,280 12,256 9,893 15,450 7,510 3,403 26,279 655,794 3,287 7,675 3,975 25,210 3,443 4,647 6,381 11,324 4,799 93,947 Other bonds,stocks,& securities 171,740 767,891 182,262 280,195 55,698 35,014 411,515 87,433 28,041 58,734 8,851 l64,301 2.251 '-J1-, u675 < J Total loans and discounts and investments, including bills rediscounted with F. R. 3k. 1 ,146,86b 5,810,490 879,005 1,526,543 570,613 478,438 2,274,954 598,697 320,563 590,621 334,581 1,242,429 15,773,800 Reserve balance with F. R. Bk. 89,802 643,355 68,924 103,537 34,951 33,084 188,212 39,161 22,504 47,735 27,269 93,025 1,391,559 Cash in vault 19,300 87,949 19,820 30,426 14,123 9,658 55,143 8,205 6,732 11,540 10,494 20,725 294,115 Net demand deposits 824,528 4,791,045 693,603 862,508 333,763 277,227 1,436,639 340,370 204,06l 439,636 248,125 675,032 11,126,537 Time deposits 239,780 784,642 57,689 516,295 147,718 160,391 734,653 177,409 82,034 122,500 68,,314 560,380 3,651,805 Government deposits 19,605 82,137 16,988 6,464 6,070 11,727 17,278 13,501 3,664 3,726 2,257 6,098 189,515 Bills payable with F. R. Bank: Secured by U.S. Gov't, oblig. 9,414 142,761 15,049 16,935 11,408 14,628 8,051 990 1,003 5,776 450 7,705 234,170 All other 20 575 104 699 Bills redi?counted with F. R. Bank: Secured by U.S. Gov't, oblig. 206 573 168 55 190 75 108 175 1 25 9 92 All other 1,677 39,254 30,176 15,631 12,896 9,046 11,343 12,052 2,586 9,766 4,446 10,057 L 9,368 166,621 — Released for j/ publication Friday afternoon, 24, Vt-~ ^ ^ v. . . . w~ I November --— 7 1922; —-Z J not earlier. — — " id U » 1 UlC. _ _ _ _ _ * «V.TT rrmr rmmf, ^T. "r^fiTING MEMBER BA PRINCIPAL _RESOURCE AND •LIABILITY ITEMS OF REPORTING MEMBER BASES IH F. B. A m AND BRANCH CITIES AND IN OTHEL. SELECTED CITIES (•Amounts in thousands of dollars) Other All F. R. F. R. selected cities City of Chicago BariE: cities New York City Branch cities Nov. 15 Nov. 2 Nov. 15 Nov. 8 Nov. 15 Nov. 6 Nov. 15 Nov. 8 Nov. 15 Nov. 8 312 312 202 205 64 64 265 266 50 50 Number of reporting banks Loans and discounts, including bills redis'a with F. R. Bank: 42,665 41,531 51,798 *51,644 202,609 193,944 36,303 34,518 104,320 S9,9lO Secured by U. S. Gov't, oblig. 450,404 443,067 516,911 511,472 2,721,201 2,744,531 426,554 4l7,o52 1,425,030 1,515,297 Secured by stocks and bonds 622,490 625, h-) 5 4,456,324 4,483,553 1,463,116*1,461,033 1,934,178 1,954,563 All other loans and discounts 2,031,825*2 ,024,149 1,814,659 1,819,054 3,523,572 3,559,770 1,085,34- 1,077,725 Total loans and discounts 300,346 299,457 252,940 859,411 347,353 344,915 526,836 526,200 54,459 53,923 U. S. bonds 4,571 4,335 2,720 3,567 20,258 19,472 3,035 3,556 10,592 10,712 U. S. Victory notes 47,530 49,073 78,167 74,322 523,224 51,901 61,051 532,393 393,131 390,902 U. S. Treasury notes 14,706 14,602 30,125 29,724 49,621 51,765 15,302 16,823 11,035 9,006 U. S. Certificates of indebtedness 420,360 420,643 622,430 622,491 174,658 174,017 1,208,225 1,198,186 571,734 562,791 Other bonds, stocks, and securities Total loans and discounts and investments, including bills rediscounted with F. R. Bank Reserve balance with F. R. Bank Cash in vault Net demand deposits Time deposits Government deposits Bills payable with F. R. Bank: Secured by U. S. Govt, obligations All other Bills rediscounted with F. R. Bank: Secured by U. S. Govt, obligations All other Ratio of bills payable and rediscounts with F. R. Bank to total loans and investments, per cent W. Aw. /> -* -» 4- rt -t- *1>-X y~v t -» >-• «-s M A i? H vu -ol O V4 O I 5,034,997 5,061,890 1,395,483 131,378 594,596 575,375 31,059 80,317 74,403 986,245 4,292,235 4,310,026 353,572 553,579 557,075 9,6i6 21,905 73,672 140,671 33,264 993,567 353,159 10,620 .y-x T 1 1 10,056,045 10,074,902 3,114,320*3,102,417 2,603,375 2,605,961 162,851 159,736 222 ,208 223,291 9So ,923 1,006,500 81,859 80,819 65,322 58,988 165,526 154,30s 1,619,604 7,623,752 7,691,536 1,817,826 1,822,242 1,624,299 774,776 773,457 1,796,020 1,792,775 1,021,009 1,075,272 26,269 23,922 25,113 24,550 146,421 140,983 127,105 101,225 5,109 3,059 163,794 138,959 44,395 104 *48,226 113 25,981 5*5 24,321 245 573 19,622 241 41,671 77 5,241 77 4,692 911 98,950 594 113,179 532 35,775 *512 *37,942 228 28,896 216 30,944 2.9 2.2 2.7 2.8 2.1 2.2 .6 2.5 2.6 •Revised figures.
@FedFRASER