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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 , Oot., 13; not E a r l i e r . STATEMENT FOE i'EE PRESS St.3096 F e d e r a l Reserve Board, O c t . 1 2 , 1922. CONDITION OF MEMBER BANKS IN LEADING- CITIES. F a r t h e r i n c r e a s e s a g g r e g a t i n g $ 6 4 , 0 0 0 , 0 0 0 i n l o a n s and d i s c o u n t s , a s a g a i n s t t o t a l r e d u c t i o n s of $ 7 , 0 0 0 , 0 0 0 i n i n v e s t m e n t s , a r e shown i n t h e F e d e r a l R e s e r v e B o a r d ' s w e e k l y s t a t e m e n t of c o n d i t i o n on O c t o b e r 4 , 1922,. of JbS member b a n k s i n leading c i t i e s . A l l c l a s s e s of l o a n s show l a r g e r f i g u r e s t h a n t h e week b e f o r e : l o a n s s e c u r e d by Government o b l i g a t i o n s , - by $ 3 , 0 0 0 , 0 0 0 ; l o a n s s e c u r e d by c o r p o r a t e o b l i g a t i o n s - by $ 2 0 , 0 0 0 , 0 0 0 , and a l l o t h e r , l a r g e l y c o m m e r c i a l , l o a n s and d i s c o u n t s - by $ 3 3 , 0 0 0 , 0 0 0 . As a g a i n s t a n i n c r e a s e of $ 1 5 , 0 0 0 , 0 0 0 i n t h e h o l d i n g s o f T r e a s u r y r o t e s , t h o s e of o t h e r Government s e c u r i t i e s s h e # a d e c l i n e of $ 2 2 , 0 0 0 . , 0 0 0 , and t h o s e of c o r p o r a t e s e c u r i t i e s - a d e c l i n e of $ 3 , 0 0 0 , 0 0 0 . S i n c e August 30 t o t a l l o a n s and d i s c o u n t s h a v e i n c r e a s e d by $ 2 9 0 , 0 0 6 , 0 0 0 , of which $136,000,000 r e p r e s e n t s an i n c r e a s e i n loans a g a i n s t c o r p o r a t e s e c u r i t i e s and $14-9,000,000 - a n i n c r e a s e i n c o m m e r c i a l l o a n s , w h i l e i n v e s t m e n t s h a v e d e c l i n e d by $ 7 4 , 0 0 0 , 0 0 0 , of w h i c h $ 4 0 , 0 0 0 , 0 0 0 r e p r e s e n t s a d e c l i n e i n Government s e c u r i t i e s and t h e r e m a i n d e r a d e c l i n e i n c o r p o r a t e s e c u r i t i e s . Member b a n k s i n New York C i t y r e p o r t 4n i n c r e a s e f o r t h e week of $ 1 6 , 0 0 0 , 0 0 0 i n l o a n s and d i s c o u n t s a s w e l l a s a n i n c r e a s e of $ 8 , 0 0 0 , 0 0 0 i n i n v e s t m e n t s . For t h e f i v e weeks s i n c e August 30 t h e New York C i t y b a n k s show a n i n c r e a s e of $ 1 0 2 , 0 0 0 , 0 0 0 i n t h e i r o u t s t a n d i n g l o a n s , of which $86,000,000 r e p r e s e n t s an i n c r e a s e i n l o a n s a g a i n s t c o r p o r a t e s e c u r i t i e s , a s a g a i n s t n e t l i q u i d a t i o n of $ 6 1 , 0 0 0 , 0 0 0 i n i n v e s t m e n t s , l a r g e l y i n Government s e c u r i t i e s . . As a g a i n s t f u r t h e r r e d u c t i o n f o r t h e week of $ 2 0 , 0 0 0 , 0 0 0 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 ( n e t ) show a n a d v a n c e of $ 8 3 , 0 0 0 , 0 0 0 and t i m e d e p o s i t s - a n a d v a n c e of $ 1 1 . 0 0 0 , 0 0 0 . For member b a n k s i n New Y o r k Ci y a r e d u c t i o n of . $ 7 , 0 0 0 , 0 0 0 i n ' G o v e r n m e n t d e p o s i t s , a s a g a i n s t i n c r e a s e s of $ 2 9 , 0 0 0 , 0 0 0 i n n e t demand d e p o s i t s and of $ 5 , 0 0 0 , 0 0 0 i n t i m e d e p o s i t s a r e no e d . slStllii-SIl®: l o a n s and i n v e s t m e n t s , R e s e r v e b a l a n c e s > i n k e e p i n g w i t h t h e s u b s t a n t i a l i n c r e a s e i n demand and t i m e d e p o s i t s , s h o w a n i n c r e a s e f o r t h e week of $39 r 0 0 0 , 0 0 0 , of w h i c h $ 1 2 , 0 0 0 , 0 0 0 r e p r e s e n t s t h e i n c r e a s e f o r t h e New York b a n k s . Changes i n c a s h on hand w e r e only n o m i n a l . Following i s a statement of changes in the principal assets and l i a b i l i t i e s on October 4, 1922, as compared with a week and a year ago: Increase or Decrease I n m i l l i o n s of d o l l a r s since S e p t . 2 7 . 1922 l o a n s and d i s c o u n t s - t o t a l S e c u r e d by U. S. G c v ' t . o b l i g a t i o n s S e c u r e d b y . s t o c k s and b o n d s . • • All other • .• .Investments, t o t a l . .. U. S. b o n d s . . . • •. V i c t o r y n o t e s . ... . .. U. S. T r e a s u r y n o t e s . • • . Treasury c e r t i f i c a t e s . 4» 44- + 7 Cash i n v a u l t . . ... . », « • • 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 . . • • • • • • • • • T o t a l a c c o m m o d a t i o n a t F . R. Banks - 4- •f - 5 18 17 3 4- 39 1 44- 20 &3 11 4* 23 + 1921 564 327 599 — S36 4- 1,047 4- 132 497 - Other s t o c k s . a n d bonds Reserve balances w i t h .F• . R* Banks . 64 3 2§ 33 Oct. 4- + 499 4 179 181 19 - 44- 406 1,242 628 698 st.3096a. 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 , October 1 J , 1922; n o t e a r l i e r . PRINCIPAL RESOURCE AND LIABILITY ITEMS OF REPORTING MEMBER BAMS I S LEADING CITIES (Amounts i n t h o u s a n d s of d o l l a r s ) Oct. 4 , 1922 ~~ 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 o u n t e d w i t h F. R. Bank: S e c u r e d b y U. S . G o v t , obligations - - 736 - - - - - - - - - - - - - - - - - - 2b4,025 S e c u r e d b y s t o c k s and bonds ( o t h e r t h a n 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 . bonds - - U. S . V i c t o r y n o t e s - - - 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 - - - - - - - - - - - - - - - - - - - Sept. 2 7 , 1922 A p r i l 5, 1922 790 801 5, 1921 809 591,362 3,618,335 261,442 3,589,310 3,155,Coo i , i '06 , ^48 j-x,051,3^8 7 , 13°_l2 75 10,987 ,527 _7^14^^23b_ 10 , o74, Iy9 1,380,542 1,381,003 1,030,975 881,759 31,3^1 .>5,833 68,/77 162,689 b3o ,037 617,943 3%> , 1 8 5 139,372 lbb,7t>9 184,127 109,115 163,267 2 < — 4 .282 __2,i247 >,210 373,877 Oct. 2 , 1^3 )0*i2— 3,019,122 8,004,803 11,615,287 2,064,977 15,510,279 15,453,643 14,576,294 15,027,351 R e s e r v e b a l a n c e w i t h F. R. Bank - - - - - - - - - - - - - - - - - - - - - 1,396,780 1,358,358 1*313,°25 1,215,740 Cash i n v a u l t - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 281,801 281,349 2^3,355 300,549 11,168,378 11,085,421 10,455,969 9,925,772 3,584,586 3,573,^01 3,121,448 2,956,092 125,733 146,493 15°,J-32 532,060 ^,003 63,74i 102,033 242,096 Total loans & discounts & invest, /including b i l l s r e d i s ' d with F.R.Bk.- 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 All other 997 813 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 Reserve Bank: E n S e ? - " : : : : : : : : : : : : : : : : : : : 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 , p e r c e n t 361 h '2 49,367 587,075 io=,i: 1 ,oC 1,945 1 - 0 5.9 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 c t . 13, 1922; n o t e a r l i e r . St.3096b PRINCIPAL EE SOURCE AM) LIABILITY ITEMS OF ALL REPORTING MEMBER BANKS IN EACH FEDERAL RESERVE DISTRICT AT CLOSE OF BUSINESS OCT. 4 , 1922. ——— ——— (Amounts i n t h o u s a n d s o f d o l l a r s ) Federal Reserve D i s t r i c t B o s t o n New York B h i l a . C l e v e . Rich.. A t l a n t a Chicago S t . L o u i s Minn. Kans.Cy. D a l l a s San F r a n . Total Number of r e p o r t i n g b a n k s 4b 105 56 84 79 41 109 37 32 79 52 66 786 L e a n s and d i s c o u n t s , i n c l u d i n g b i l l s rediscounted with F , R. B a n k : S o c u r e d by U. S. G o v ' t , o b l i g . 1 4 , 7 5 6 p,865 16,108 29,507 10,765 7,151 5 1 , 1 1 8 15,310 8,424 10,113 4,352 16,556 264,025 S e c u r e d by s t o c k s and bonds 2 3 0 , 5 1 o 1 , 0 0 3 , 8 9 6 250,649 3 5 1 , 8 1 b 115,702 5 6 , 5 5 0 5 2 6 , 7 9 5 124,174 3 9 , 6 6 4 7 2 , 1 3 2 4 l , 0 4 S 145,393 3,613,335 All o t h e r l o a n s a m d i s c o u n t s 569,321 2,23o,92b__j25^84j 6 4 8 . 5 8 2 311.552 3 1 1 . 3 1 2 1 . 0 0 9 . 7 2 8 285.688 1 9 0 . 5 0 8 352.384 2 1 0 . 5 3 8 716,562 7 . I b 8 . 9 4 8 T o t a l l o a n s and d i s c o u n t s 8 1 4 , 5 9 3 3 , 9 8 0 , 6 8 7 5 9 2 , 6 0 4 1,, 0 2 9 , 9 0 5 438,019 3 7 5 , 0 1 3 1 , 5 8 7 , 6 4 1 425,172 238,596 4 ^ 4 , 6 2 9 255,938 878,511 11,051,308 U 5. bonds 561,633 95,294 57,264 1 6 6 , 7 3 2 6 l , 217 2 9 , 2 6 3 1 3 0 , 2 9 5 38,654 23,576 5 7 , 8 7 9 3 4 , 8 2 6 123,874 1 , 3 8 0 , 5 4 2 1,681 11,182 1,025 1,906 112 636 I . S. T r e a s u r y n o t e s 21,809 406,397 26,707 35,824 3,709 U. S. C e r t i f i c a t e s of indebtedness 7,563 49,902 6,474 6,582 Other b o n d s , s t o c k s s e c u r i t i e s . 1 6 7 , 9 6 4 778,924 182.309 278,305 L". S. V i c t o r y n o t e s T o t a l l o a n s and d i s c o u n t s and i-V--::tTnents. i n c l u d i n g b i l l s rediseCwL..ted ^ i t h F.R . Bk. 1 , 1 0 8 , 9 0 4 5 , 7 8 8 , 7 2 5 R e s e r v e b a l a n c e w i t h F.]R. Bank 88,691 Cash i n v a u l t 18,625 638,755 87,188 Net demand d e p o s i t s 8 2 5 , 0 4 8 4 , 8 7 9 , 679 702,514 Time d e p o s i t s 244,007 783,243 10,117 3,099 B i l l s p a y a b l e w i t h F . R . Bank: Secured by U. S. Govt . o b l i g . All other - 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 U. S. Govt . o b l i g . 54 All other 13,097 3,223 345 l,5o9 527 4,450 31,341 4,562 7 1 , 0 3 0 -10,515 9,877 15,120 8,143 22,344 636,037 3,855 5,488 35,127 6,203 5,246 10,665 6,760 22,884 166,769 56,155 33.676 4 0 5 , 6 5 5 •85.536 27,425 62.£21 ' 7 , 4 6 2 158.650 2,244,282 8 6 6 , 3 8 3 l , ,519,254 5 6 3 , 0 6 7 4 4 8 , 6 3 8 2 , 2 3 4 , 4 3 6 74,262 15,264 Government d e p o s i t s 4,685 101,135 29,442 36,162 33,886 13,527 9,579 202,699 52,894 569,333 37,843 7,396 305,065 5 8 2 , 1 0 3 3 1 3 , 6 5 8 1 , 2 1 0 , 7 1 3 1 5 , 5 1 0 , 2 7 9 23,974 6,191 49,874 11,760 23,662 9,993 85,834 19,942 1,396,780 281,801 8 7 8 , 8 1 7 334,222 2 5 6 , 5 0 5 1 , 4 5 0 , 4 7 4 3 2 7 , 1 7 5 194,760 4 5 4 , 6 1 2 222,679 641,893 11,168,378 56,400 505,173 6b,386 554,216 3,584,586 43,739 9,183 12,074 3,858 3,934 15,396 5,538 4,510 4,738 3,138 9,508 125,733 28,954 8,397 3,858 20 5,850 825 2,249 15,341 3,684 98 1,210 64o 6,623 152 80,003 . 72 94 10,721 81 5,iio 620 100,186 — — 17,049 — 105 6,923 6,421 145,999 1 5 4 , 9 2 8 - 7 0 1 , 7 2 6 172,252 - 50 10,2b9 83,312 116,944 - - 77 9,953 44 7,387 - - 37 2,016 » 6 , 8 8 1 6 4,359 997 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 , October 13, 1922; not e a r l i e r . PRINCIPAL RESOURCE AND LIABILITY ITEMS OF REPORTING MEMBEE BANKS I N F, R. BANK AMD BRANCH CITIES AND (Amounts i n t h o u s a n d s o f d o l l a r s ) F. A l l F . R. B r a n c h B a n k c i t i e s C i t y of Chicago New Y o r k C i t y O c t . 4 O c t . 4 S e p t . 27 Oct. 4 S e p t . 27 O c t . 4 S e p t . 27 2 0 3 265 267 64 64 50 50 Number o f 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 , i n c l u d i n g b i l l s r e d i s ' d . w i t h F . R. B a n k : S e c u r e d b y U. S. G o v t , o b l i g . Secured by s t o c k s and bonds A l l o t h e r loans and d i s c o u n t s 73,826 69,724 1,488,195 1,479,554 1.953,615 1.942,694 T o t a l l o a n s and d i s c o u n t s 3,511,534 3,496,074 U. S. b o n d s U. S . V i c t o r y n o t e s 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 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. B a n k 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 N e t demand d e p o s i t s Time d e p o s i t s 41,898 402 , 0 2 q 624,727 37,124 304,756 621,433 1,063,654 1 ,063,343 1,966,035 1,946,557 1,790,975 1 ,725,530 7,294,298 7,255,440 276,397 7,156 313,015 8,110 4,306 273,025 4,126 500,107 71,499 71,335 47,056 46,501 114,744 44,559 49,836 13,545 19,547 171.632 1.208,523 1.212,588 617.956 620.713 417,503 413.909 1,368,700 1,367,399 9,930,957 9,901,439 787,140 794,963 317,005 9,908 3,616 19,579 23,597 388,316 373,259 49,654 50,059 517,482 44,801 50,540 18,657 19,19s 103,335 585.430 581,562 171,222 10,041 5,027,641 5,003,447 Other selected cities O c t . 4 S e->p 1t . 2 7 314 313 40,968 41,569 4 47,529 445,545 1,303,561 l ,297,033 59,471 491,804 R. cities S e p t . 27 209 43,100 43,562 173,894 172,374 491,517 459,433 2,683,357 2,650,764 4,437,047 4,432,302 1.425.040 1,406,940 56,379 4,134 437,519 >36c. I N OTHER 3ELE0TED CITIES 3,024,540 3,009,566 2,554,782 2,542,633 1,014,576 981,906 219,153 217,793 163,051 155,654 29,160 133,390 29,646 149,261 151,266 57,493 56,615 75,04? 73,468 4,385,710 4,357 , 471 998,605 990,053 7,761,598 7,704,196 1,792,356 1,771,390 551,949 325,717 328,505 1,762,711 1,755,340 1,054,165 1,043,754 767,707 766,307 12,860 592,955 580,573 143,724 73,077 74,377 557,061 1,614,394 1,609,535 Government d e p o s i t s 39,534 46,606 9,754 11,385 91,484 106,687 23,133 26,946 11,116 B i l l s p a y a b l e w i t h F . R. B a n k : 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 20,930 10,030 5,396 2,410 46,534 28,300 20,994 152 24,481 168 12,475 845 10,960 645 12,725 474 13,277 5,970 6,090 196 52,276 1,028 49,751 308 21,569 752 21,666 116 26,341 130 21,265 .7 .5 .8 .6 1.6 1.6 1.3 B i l l s r e d i s c o u n t e d w i t h F . R. B a n k : 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 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. B a n k t o t o t a l l o a n s a n d investments, per cent 1.0 .8 1.4
@FedFRASER