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STATEMENT FOB THE PRESS ' S t . 37S1 F e d e r a l Reserva. Board, November 8, 1923- Eel eased f o r p u b l i c a t i o n Frid ay a f t e rno on, Nov. 9 ; not e a r l i e r . CONDITION MEMBER BANKS IN LEADING CITIES Aggregate i n c r e a s e s of $40,000,000 i n lo an s and i n v e s t m e n t s and of $81,000,000 in net demand, d e p o s i t s t o g e t h e r w i t h an i n c r e a s e of $>2,000,000 i n accommodation a t the F e d e r a l r e s e r v e banks a r e shown in the F e d e r a l Reserve B o a r d ' s n e e k l y c o n s o l i dated. s t a t e m e n t of c o n d i t i o n on October of 7&9 ™smoer banks in l e a d i n g c i t i e s . Loans secured, by government o b l i g a t i o n s increased $ 3 , 0 0 0 , 0 0 0 , lo an s on c o r p o r a t e s t o c k s and bonds, $ 3 3 , 0 0 0 , 0 0 0 , while a l l o t h e r , l a r g e l y commercial, l o a n s decreased. $13,000,000. Holdings of U, S. s e c u r i t i e s of a l l r e p o r t i n g banks d e c l i n e d $19,000,000 and. o t h e r bonds, s t o c k s and s e c u r i t i e s increased- $3b,000,000, Loans and d i s c o u n t s of member banks in New York C i t y increased, by $20,000,000, a l l c l a s s e s of loans showing h i g h e r f i g u r e s than the p r e v i o u s week, l o a n s on U, S, s e c u r i t i e s by $ 4 , 0 0 0 , 0 0 0 , 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 - by $15,000,000, and. " a l l o t h e r " .1.0ans - ty $ 1 , 0 0 0 , 0 0 0 . U. S, s e c u r i t y h o l d i n g s of t h e s e banks increased by $1,000,000"and 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 by $23,000,COO» Net demand d e p o s i t s of a l l r e p o r t i n g members i n c r e a s e d by $81,000,000. For t h e banks in t h e New York d i s t r i c t t h e i n c r e a s e was $68,000,000, f o r t h e San F r a n c i s c o d i s t r i c t - $14,000,000, f o r t h e Minneapolis d i s t r i c t - $11,000,000, and f o r the Boston d i s t r i c t - $7,000,000* Member banks i n t h e P h i l a d e l p h i a d i s t r i c t r e p o r t a dec r e a s e of $ 9 , 0 0 0 , 0 0 0 and. t h o s e in t h e Cleveland d i s t r i c t a d e c r e a s e of $ £ , 0 0 0 , 0 0 0 . Time d e p o s i t s of a l l banks decreased $2,000,000 and Government d e p o s i t s - $ 9 , 0 0 0 , 0 0 0 . cash Reserve b a l a n c e s of a l l r e p o r t i n g banks show an i n c r e a s e of $37,000,000, w h i l e / i n v a u l t d e c r e a s e d $ 7 , 0 0 0 , 0 0 0 . New York C i t y members r e p o r t an i n c r e a s e of $49,000,000 in r e s e r v e b a l a n c e s , w i t h a nominal d e c r e a s e in c a s h . 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 from t h e i r r e s p e c t i v e r e s e r v e banks i n c r e a s e d from $561,000,000 t o $593,000,000 or from 3*4 t o 3-6 p e r c e n t of t h e i r t o t a l loans and. i n v e s t m e n t s . For New York C i t y banks an i n c r e a s e from $95,000,000 t o $130,000,000 i n borrowings from t h e l o c a l r e s e r v e bank and f r o m 1.9 t o 2 . 5 p e r cent i n t h e r a t i o of t h e s e borrowings t o t o t a l loans and i n v e s t m e n t s i s n o t e d . Following i s a s t a t e m e n t of changes in 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 of r e p o r t i n g members, as 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 Oct. 24. 1923 Nov. 1. 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 Other bonds, s t o c k s and s e c u r i t i e s 23 3 33 13 -h — + .669 ' 59 4b 776 4 13 . . , , . 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 . . . . . . . . + 17 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 + + + 176 2 36 1 37 7 12 9 61 2 123 5 30 + 390 + 252 B;:l eased 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 9 , 1923; n o t e a r l i e r . S t . 3781a PRINCIPAL RESOURCE AND LIABILITY ITEMS OF REPORTING MEMBER BANKS IN LEADING- CITIES Number of r e p o r t i n g b a n k s - - - - - - - - - - - - - - - ( i n thousands of d o l l a r s ) O c t . 31, 1923 - - — - - - - - - 769 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 ( o t h e r than U. S. s e c u r i t i e s ) 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. Pre-war bonds - - — — - - - - - - - - - - - - - - - - - - - - - - - U. S. L i b e r t y bonds - - - u, S. Treasury bonds — U. S. Treasury n o t e s O c t . 24, 1923 771 May 2 , 1923 775 Nov. 1, 1922 786 . 232,936 3,706,245 8,004,253 230,191 3,673 [$09 8,016,597 11,943,434 274,706 11,920,297 276,487 11,956,124 281,323) 11,274,786 l,040,S0o 1,040,102 1,022,714) 1,491,825 82,474 34,934 863,735 877,377 100,116) *887,660 *687,163 273,027 3,923,018 7,790,079 292,007 3,754,642 7,228,137 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 - - - - - - - - - - - _ _ _ _ _ _ 78,117 80,082 140,092 107,227 Other bonds, s t o c k s and s e c u r i t i e s - - - - - - - - - - - - - _ _ _ _ _ _ 2,190,425 2,154,194 2,150,414 2,252,854 16,473,697 16,433 473 16,568,443 15»S13,S55 1,388,387 1,351,105 283,104 289,815 11,158,316 11,076,849 11,284,983 11,188,058 4,031,675 4,033,199 3,996,290 3,642,103 98,344 107 24g 251,320 221,720 304,362 288^520 273 330 287^209 263,279 188,937 ^ 6 34 2.9 2.2 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 b a l a n c e w i t h F e d e r a l Reserve Banks - - - - - - — - - - - - - - - - - - - - - - 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 and r e d i s c o u n t s with Federal Reserve Banks: Secured by U. S. Government o b l i g a t i o n s - - - - - - - — All other - , - - - - - - Ratio 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 Reserve Banks to 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 W. 1,411,596' 276,264 •Includes Victory notes. 222,682 1,400,091 .278,181; 151,676 Released f o r p u b l i c a t i o n I r i u a y a j ' t e . ..oon, November 9, 1923; n o t e a r l i e r . 9 t . 3721b PRINCIPAL RESOURCE AND LIABILITY ITEMS OF ALL REPORTING MEMBER BANKS IN EACH FEDERAL RES77YE DISTRICT AT CLOSE OF BUSINESS, OCTOvER 3 1 , 1923. ( i n t h o u s a n d s of d o l l a r s ) Federal Reserve D i s t r i c t Nunber .of r e p o r t i n g banks * V 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 by s t o c k s & bonds All o t h e r loans & 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 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 O t h e r bonds, s t o c k s and securities 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 Boston 43 New York Phila. Cieve, 113 55 81 13,268 78,039 18,123 230,196 1 , 5 1 5 , 9 1 0 264,467 639,171 2,569,253 351,919 27,727 Rich, 76 Atlanta 39 8,341 10,408 Chicago 106 37,938 St, Louis 35 12,707 Minn. Kan3.Cy. 28 4,566 76 6,459 D a l l a s San F r a n , 52 3,060 4 1 2 , 3 9 3 1 1 9 , 6 6 4 65,179 588,236 1 4 2 , 6 8 4 3 9 , 1 5 5 8 2 , 4 0 6 6 2 , 8 8 8 690,996 3 3 9 , 4 1 2 363,093 1 , 1 5 4 , 4 9 3 3 1 5 , 2 6 8 205,633 356,052 2 2 1 , 3 1 8 882,635 4,163,202 634,509 1,131,116 467,417 438,680 1,750,667 471,259 249,354 444,923 287,266 12,591 4 8 , 2 7 3 10,698 47,991 29,103 14,475 24,852 15,194 9 , l 6 l 1 1 , 3 6 5 20,561 78,241 471,834 44,013 118,033 2 6 , 9 5 9 14,366 9 4 , 5 1 2 23,152 12,937 47,712 1 3 , 2 0 4 4,625 26,134 3,281 4,526 1,66l 3,174 12,217 4,618 7,127 2,098 955 34,164 473,292 47,259 56,524 13,920 5,920 115,894 2,957 15,708 2,455 6,754 2,012 5,257 17,471 764,052 181,424 294,855 51,500 43,357 337,456 175,3^4 17,894 ;5,54l 34,757 27,338 12,300 183,067 797,039 769 232,936 3,706,245 '992,406 11,943,434 30,442 274,706 95,343 l,o4o,so6 12,058 82,474 13,133 39,031 863,735 4,067 9,739 73,117 61,251 1 2 , 3 0 9 156,732 2,190,425 27,881 1 3 , 7 7 3 2,432 65 Total 3,724 1 , 1 9 0 , 5 5 7 5 , 9 6 2 , 4 9 5 923,639 1 , 6 5 9 , 7 9 9 594,085 523,716 2 , 3 8 3 , 0 6 9 624,924 330,108 592,366 352,688 1,336,251 16,473,697 Reserve b a l a n c e m t h F. R.Bk, 89,347 646,989 69,568 102,439 3 4 , 4 9 2 3 0 , 1 8 0 1 9 3 , 4 5 1 3 6 , 1 3 0 19,820 4 1 , 9 9 1 2 8 , 4 4 7 9 5 , 2 3 3 1,388,337 Cash i n v a u l t 20,009 79,375 15,351 3 1 , 2 2 4 13,790 9,332 55,227 5 , 6 2 4 12,451 1 0 , 2 1 5 7,765 21,741 283,104 Net demand d e p o s i t s 3 4 6 , 9 7 4 4 , 7 3 3 , 2 5 4 631,025 3 9 6 , 6 3 4 3 3 3 , 1 3 2 259,039 1,453,622 328,896 208,496 407,442 2 5 1 , 1 0 2 753,650 11,153,316 Time d e p o s i t s 269,872 8 9 9 , 3 0 1 109,417 6 0 2 , 6 1 4 151,969 181,428 790,04b 192,47s 8 2 , 6 3 5 1 3 4 , 1 5 9 76,533 540,373 4,031,675 Government d e p o s i t s 17,270 23,947 7,294 11,774 5,123 3,527 9,993 4,230 1,597 1,223 3 , 7 3 7 3,569 93,344 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. Bank: Secured b y U.S.Govt, o b l i g - 6 , 3 5 4 126,211 13,719 2 1 , 1 2 7 17,343 12,589 46,979 12,133 2,765 22,325 2,071 15,746 304,362 All other 42,763 16,184 15,577 2 2 , 4 8 7 26,200 33,961 30,086 35,191 9 , 7 7 1 18,561 6,546 26,193 288,520 w. R e l e a s e d f o r p u b l i c a t i o n FrixBvy a f t d r . i o o n , November 9 , I 9 2 3 ; n o t e a r l i e r . S t . 3781c P H NCI PAL EESOUilCE AND LIABILITY ITEMS OF REPORTING MEMBER BANKS IN F . . „. 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 bv U. S. Govt, o b l i g a t i o n s Secured b y s t o c k s and bonds i 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 New York City Oct, 31 Oct. 24 67 67 . 69,659 65,682 1,334,943 1,320,420 2,253,922 2,2)2,997 3,652,524 3,639,099 E. BANK A I S BRANCH CITIES AND I N OTHER SELECTED CITIES ( i n t h o u s a n d s of d o l l a r s ) A l l F. R. C i t y of Chicago Bank c i t i e s O c t . 31 Oct. 24 O c t . 31 O c t . 2 4 49 4Q 259 259 . 29,263 29,292 155,141 151,331 44o,545 435,876 2 . 6 0 1 , 6 7 4 2 , 5 7 5 , 4 5 2 684,628 689,268 4 , 9 4 6 , 0 0 0 4 , 9 5 4 , 4 2 8 1,154,436 1,155,036 7,702,815 7,651,211 F, H. Branch c i t i e s Oct. 31 Oct. 24 205 206 ] „ , Other selected c i t i e s O c t . 31 Oct. 24 305 306 41,456 42,7Uo 502,868 597,726 l , 6 6 i , 3 0 l 1,663,315 36,339 36,llU 501,703 500,271 1,396,952 1,392,254 2,305,625 2,303,247 1,934,994 1,935.239 U. S. P r e - w a r bonds 37,428 32,792 4,i6i 4,i64 92,921 94,309 76,384 76,644 105,341 105,534 U. S. L i b e r t y bonds 406,809 403,400 37,480 37,234 630,150 239,990 242,560 167,272 167,392 U. S. T r e a s u r y bonds 18,544 18,514 5,322 5,205 633,532 43,923 44,261 19,049 20,920 19,442 19,753 U. S. T r e a s u r y n o t e s 44i,025 441,956 69,220 70,534 643,678 648,472 140,153 147,990 79,904 20,915 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 11,927 11,613 5,366 5,502 34,593 35,135 28,035 22,913 15,489 16,034 O t h e r bonds, s t o c k s , and s e c u r i t i e s 553,634 530,348 163,975 l 6 l ,020 1,167,942 1,142,204 522,730 527,351 433,753 424,639 T o t a l l o a n s and d i s c o u n t s and investments 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 600,302 65,512 4,252,555 6ll,64i Government d e p o s i t s 21,036 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 a t i o n s All o t h e r 97,556 32,197 R a t i o of M i 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 to t o t a l l o a n s and investments, per cent Digitized w. for FRASER 1,439,960 1,439.361 1 0 , 3 1 9 , 5 3 0 1 0 , 2 7 5 , 7 4 2 3,397,966 3 , 4 0 8 , 2 2 5 2,756,201 2 , 7 4 9 , 5 0 6 160,127 161,363 968,816 226,013 220,926 551.711 132,966 1 , 0 0 2 , 1 8 7 133,56} 21,741 20,870 65,268 142,316 144,685 63,329 29,591 30,292 59,912 4,127,547 926,134 7 , 6 3 7 , 0 8 5 7 , 5 5 6 , 0 4 6 1,880,258 1 , 8 8 6 , 7 7 6 1 , 6 4 0 , 9 7 3 1,634,027 923,175 861,911 8 6 1 , 0 5 4 619,235 371,100 370,094 1 , 9 6 5 , 9 5 2 1 , 9 7 1 , 3 5 5 1 , 2 0 3 , 2 1 2 1 , 2 0 0 , 7 9 0 2,470 4,742 28,920 9,40 4 68,924 26,045 23,362 63,229 5,263 5,127,951 5,083,728 2.5 64,631 32,979 1.9 26,925 17,163 22,903 12,599 172,255 145,223 3.1 2.9 3.1 142,356 148,035 2.8 77,229 84,918 4.8 26,692 25.238 48,278 52,379 44,282 53,936 5.0 3.9 3-6
@FedFRASER