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STATEMENT FOR THE PRESS Released, for publication Friday afternoon, Nov. ); not earlier. St.)!39 Federal Reserve Board, November 2, 1922. CONDITION OF MEMBER BANKS IN LEADING CITIES Net liquidation of $56,000,000 of loans and discounts and of $39,000,000 of investments, accompanied by reductions of $144,000,000 in net demand deposits and of $119,000,000 in reserve balances with the Federal reserve . banks, is shown in the Federal Reserve Board's weekly statement of condition on November 1 of 787 member banks in leading cities. Loans secured by corporate obligations show a reduction of $43,000,000 loans secured by Government obligations - a nominal increase, while all other, largely commercial, loans and discounts declined by $14,000,000* Under the general head of investments the largest decline, viz,, by $30,000,000, is shown for Treasury certificates! United States bonis and Victory notes show a decline of $7,000,000, Treasury notes increased by $5,000,000, while corporate and other securities fell off about $7,000,000. Member banks in New York City report reductions of $52,000,000 in total loans and discounts, of which $39,000,000 represents a reduction in "all other", i + e, largely commercial, loans, of $14,000,000 in Government securities and of $4,000,000 in corporate and other securities. Substantial withdrawals of bank balances from the New York member banks account largely for the reduction in demand deposits, the New York banks reporting a decrease of $113,000,000 out of a total reduction of $144*000,000 above shown. Government deposits of the reporting banks show a reduction for the week of $43,000,000, while time deposits increased by $25,000,000. Member banks in New York City report a decrease of $8,000,000 in Government deposits, as against an increase of $3,000,000 in time deposits, Borrowings of the reporting institutions from the Federal reserve banks, in keeping with the liquidation of their loans and investments, shew a further decline from $274,000,000 to $227,000,000, or from 1.7 to 1.4 per cent of their For the New York City members a decrease of combined loans and investments, accommodation at the local reserve bank from $75,000,000 to $57,000*000, and from 1.5 to 1.1 per cent in the ratio of accommodation is noted* Following is a statement of changes in the principal assets and liabilities on October 25, 1922, as compared with a week and a year ago:' Increase or Decrease In millions of dollars since Oct. 18. 1922 Oct. 26. 1921 Loans and discounts - total Secured by U. S. Gov't, obligations Secured by stocks and bonds , All other Investments, total U. S. bonds Victory notes . . U. S. Treasury notes . Treasury certificates Other stocks and bonds . . . + - - - + . . . . . . — Reserve balances with F. R, Banks # . . . . . . Cash in vault . . . . . . . . . . . . — Government deposits Net demand deposits Time deposits MM mm . . . . . . . . . . . . Total accommodation at F, R. Banks Digitized for L FRASER - . . . . . . + - 56 1 43 14 mm + - 173 280 67S 571 39 3 4 5 30 7 + + 119 7 + 43 + + + 179 970 652 47 - 580 144 25 •*- + + + - 1,233 617 12b 539 17 18b 77 12 Released for publication Friday afternoon, November ~$J 1922; not earlier. St.3139a. PRINCIPAL RESOURCE AND LIAuILITY ITEMS OF REPORTING MEMBER BANKS IN LEADING CITIES (Amounts in thousands of dollars) Oct. 25, 1922 U m b e r of reporting banks - - - _ Loans and discounts, including bills Secured by U. S. Govt, obligations Secured by stocks and bonds (other All other loans and discounts - - _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ rediscounted with F. R. Bank: - - - - - - - - - - - - - - - - - than U. S. securities) - - - - - - - - _ _ _ _ _ _ _ _ - _ 787 Oct. IS, 1922 April 26, 1922 800 757 Oct. 26, 1921 809 285,043 3,718,731 7,245,134 284,015 3,761,800 7,259,054 353,230 3,249,810 7,242,469 564,818 3,040,953 7,816,405 11,248,908 1,503,010 11,304,869 1,506,289 10,846,109 1,100,465 11,422,176 885,818 36,034 39,605 81,864 161,527 U. S. Treasury notes 650,880 645,980 355,779 111,576 U. S. Certificates of indebtedness - - - - - - - - - - - - - - - - - - - 111,038 141,072 159,15s 93,742 2,239,841 2,247,115 2,137,294 2,054,411 15,789,711 15,884,930 14,710,669 14,729,250 1,345,743 1,465,215 1,325,3^6 1,268,844 289,452 295,809 277,638 300,975 11,161,802 11,305,835 10,676,347 10,192,114 3,618,187 3,593,373 3,153,745 2,965,968 259,678 302,561 207,665 80,759 Bills payable with Federal Reserve Bank: Secured by U. S. Govt, obligations - - - - - - - - - - - - - - - - All other _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ 114,260 150 119,113 632 57,197 1,002 224,705 1,235 Bills rediscounted with Federal Reserve Bank: Secured by U. S. Govt, obligations - All other - - - - - - - - - - - - - _ _ _ _ _ _ _ _ _ _ 1,629 110,530 844 152,988 3,005 98,249 39,372 541,247 1.4 1.7 Total loans and discounts - U. S. bonds - - - - - - - - - - - U. S. Victory notes - - - - - - - Other bonds, stocks, and securities — - _ _ _ _ _ _ _ _ _ _ _ _ — __ _ _ _ _ _ _ _ _ _ _ _ _ _ _ . - - - - - - - - - - - - - - - - - - Total loans & discounts & invest..including bills redis'd with F.R.Bk. Reserve balance with F. R. lank - - - - - - - - _ _ _ _ _ _ _ _ _ _ Cash in vault - - - - - - - - - - - - - _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ Net demand deposits - - - - - - - - - - _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ Time deposits - - - - - - - - - - - - - _____ Government deposits - - - - - - - - - - _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ - - « - - „ __ Ratio of bills payable and rediscounts with F. R. Bank to total loans and investments, per cent - - - - - - - - - - - - - - - 1,1 5-5 W. # z < - 1. 1 i Released, for publication Friday afternoon, Nov. 3, 1922; not earlier. PRINCIPAL RESOURCE AND LIABILITY ITEMS OF ALL REPORTING- MEMBER BANKS IN i (Amounts New York Boston Phila. CIeve. Rich. Federal Reserve District 84 Number of reporting banks 105 56 47 79 Loans and discounts, including bills rediscounted with F. R. Bank: 30,646 11,045 Secured by U. S. Gov't, oblig.15,678 103,961 15,676 Secured by stocks and bonds 241,544 1,702,412 249,082 359,985 116,187 All other loans and discounts 580.792 2.226.564 335,193 644,904 312,047 Total loans and discounts U. S. bonds St. 3139b EACH FEDERAL RESERVE DISTRICT AT CLOSE OF BUSINESS OCT. 25, 1Q22. in thousands of dollars) . Atlanta Chicago St. Louis Minn. Kans.Cy. Dallas San Ffan.. Total 41 66 109 32 52 37 79 7%7 7,601 45,427 14,853 ',6,4451 10,990 = ,4,220 58,186 552,361 131,656 ' 41,436: 76;355' 41.912 324.483 1.027.121 291.191 193.5b2 352.993 228.673 838,014 4,032,937 ,599,951 1 ,035,535 439,279 390,270 1,624,909 437,700 105,794 610,986' 64,199 179,646 65,352 27,439 243,443 440,335 274,805 16,501 147*615 727.6ll 285,043 3,718,731 7.245.134 891,727 11,248,908 139,523 52,695 26,539 6o,34o 36,132 134,365 1,503,010 2,544 264 1,415 540 5,067 36,034 696 13,047 3,174 2,501 574 1,682 U. S. Treasury notes 21,610 404,062 26,334 37,535 4,284 4,590 78,332 13,056 9,882 16,726 7,181 27,288 650,880 U. S. Certificates of indebtedness 6,308 22,447 5,316 5,331 2,774 6,812 30,262 3,653 4,822 6,630 4,170 12,513 111,038 Other bonds,stocks,&securities 168.820 770.890 181.844 277,181 57.282 33,901 407.299 86.309 27.465 59.286 8.025 161.534 2.239.841 U. S. Victory notes Total loans and discounts and investments, including bills rediscounted with F.R.Bk. 1,141,242 5,854,369 4,530 880,823 1 ,537,729 569,545 464,694 2,284,855 595,957 312,415 584,735 330,853 l,,232,494 15,789,711 Reserve balance with F.R.Bk. 87,901 622,399 64,886 100,552 36,677 30,572 181,552 35,227 23,012 47,649 27,772 87,544 1,345,743 Cash in vault 20,004 87,045 16,439 30,128 14,351 9,937 54,523 7,692 6,588 12,243 10,070 20,432 289,452 Net demand deposits 832,019 4,859,303 690,053 Time deposits 232,376 Government deposits 28,329 Bills payable with F. R. Bank: Secured by U.S. Gov't, oblig. 5,981 All other Bills rediscounted with F.R. Bank: Secured by U.S. Gov't, oblig. 285 L All other 13,680 - 872,391 332,088 264,894 1,439,081 328,872 512,882 145,929 157,438 731,179 174,654 199,449 447,825 239,796 775,383 56,289 115,766 22,018 18,788 9,295 8,796 24,792 9,409 5,344 51,194 10,733 10,773 20 7,047 345 14,280 4,312 213 14 10,304 70 10,554 - 783 13,516 55 7,881 - - 72 8,612 - 146 11,243 - 116 8,911 81,793 121,674 - - 3,625 656,001 11,161,802 69,578 559,012 3,618,187 5,360 3,157 8,624 259,678 2,317 375 6,690 130 114,260 150 27 5,333 1,629 110,530 - / 55 6,919 - 6 4,652 Released for publication Friday afternoon, November 3, 1922; not earlier. St.3139c. PRINCIPAL RESOURCE AND LIABILITY ITEMS OF REPORTING MEMBER BANKS IN F. R. BANK AND BRANCH CITIES AND IN OTHER SELECTED CITIES (Amounts in thousands of dollars) Other F. R. All F. R. selected cities Branch cities Bank cities City of Chicago New York City Oct. 25 Oct. 18 Oct. 25 Oct. 18 Oct. 25 Oct. 18 Oct. 25 Oct. 18 Oct. 25 Oct. 18 208 208 313 313 266 266 64 64 50 50 Number of reporting "banks Loans and discounts, including bills redis'd with F. R. Bank: 50,970 49,763 41,804 41,198 192,269 193,054 36,597 35,986 93,04? 90,545 Secured by U. S. Govt, oblig. 501,053 509,376 453,836 453,679 2,763,842 2,798,745 445,421 424,850 1,525,178 1,546,052 Secured by stocks and bonds 4,456,785 4,484,525 1,466,945 1,453,446 1,321,4q4 1,321,083 628,347 640,738 1,937,185 1,976,340 All other loans and discounts Total loans and discounts U. S. bonds U. S. Victory notes U. S. Treasury notes U. S, Certificates of indebtedness Other bonds, stocks, and securities Total loans and discounts and investments, including bills rediscounted with F, R. Bank Reserve balance with F. R, Bank 3,555,410 3,612,937 Net demand deposits 7,412,896 7,476,324 2,015,96s 2,012,585 339,864 342,398 57,396 862,152 871,566 11,439 3,562 20,683 23,333 10,977 11,182 4,374 5,090 386,198 383,148 54,994 55,378 521,930 523,723 79,292 72,265 49,658 49,992 18,617 30,330 15,943 16,891 63,627 84,203 33,786 41,827 13,625 15,042 580,021 583,577 172,417 173,458 1,206,094 1,212,482 619,187 618,611 414,560 416,022 532,072 10,327 5,077,848 5,153,503 666,748 577,356 1,404,015 1,417,050 10,087,382 10,191,631 971,212 1,076,256 3,104,608 3,096,334 225,712 158,757 163,247 58,538 61,118 77,971 78,607 134,230 74,960 29,962 31,449 152,943 156,084 4,361,082 4,473,873 995,441 990,449 7,733,755 7,856,679 1,805,371 1,817,319 342,627 1,774,873 1,760,327 1,073,533 1,065,020 768,026 38,105 34,369 36,046 28,095 130 31,533 142 l6,665 20 14,231 490 239 96,717 284 28,878 493 31,123 105 26,112 112 25,148 1.7 1.8 2.0 1,7 1.5 542,318 352 , 616 Government deposits 103,578 111,879 13,841 16,364 188,030 228,410 37,279 43,930 41,630 2,955 9,855 69,500 73,349 783 12,437 33,353 77 5,616 17,994 l,24o 55,540 1.1 1.5 .6 1.3 with F. R. Bank: Govt, obligations Ratio of bills payable and rediscounts with F. R. Bank to total loans and investments, per cent w 2.0 1,622,676 1,631,837 769,781 544,917 F. R. Bank: Govt, obligations 2,597,721 2,596,965 215,774 129,151 Time deposits Bills payable with Secured by U. S. All other Bills rediscounted Secured by U. S. All other 1,817,044 1,815,960 298,460 294,859 55,081 4,oo6 527,275 73,771 Cash in vault 1,101,574 1,110,365
@FedFRASER