Full text of H.4.2 Weekly Consolidated Condition Report of Large Commercial Banks in the United States : October 14, 1921

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STATEMENT FOR THE PRESS
St.2;]4.
Released for publication in
Federal Reserve Board
F r i d a y a f t e r n o o n p a p e r s , O c t . 14;
October 13, 1921•
not e a r l i e r .
CONDITION OF MEMBER BANKS IN LEADING CITIES
A g g r e g a t e i n c r e a s e s of $ 4 2 , 0 0 0 , 0 0 0 i n l o a n s a n d of $ 2 8 , 0 0 0 , 0 0 0 i n
i n v e s t m e n t s , a c c o m p a n i e d b y c o n s i d e r a b l y l a r g e r i n c r e a s e s i n demand a n d
time d e p o s i t s , a r e i n d i c a t e d i n the F e d e r a l Reserve B o a r d ' s weekly cons 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 O c t o o e r 5 of 809 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 ^ 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 U. S , o b l i g a t i o n s - by $ 1 5 , 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 2 , 0 0 0 , 0 0 0 , a n d a l l o t n e r l o a n s a n d d i s c o u n t s , m a i n l y of
a c o m m e r c i a l a n d i n d u s t r i a l c h a r a c t e r , - b y $5,000,000% L a r g e r i n c r e a s e s
a r e r e p o r t e d f o r t h e member b a n k s i n New York C i t y :
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 a t t h e s e b a n k s i n c r e a s e d b y $19 , 0 0 0 , 0 0 0 , l o a n s s e c u r e d b y c o r p o r a t e o b l i g a t i o n s - by $ 2 4 , 0 0 0 , 0 0 0 a n d a l l o t h e r l o a n s - b y
$8,000*000, t h e a g g r e g a t e i n c r e a s e i n l o a n s and d i s c o u n t s being $50,000,000•
Member b a n k h o l d i n g s of U n i t e d S t a t e s b o n d s a n d V i c t o r y n o t e s show
b u t n o m i n a l c h a n g e s , w h i l e h o l d i n g s of T r e a s u r y n o t e s d e c l i n e d Dy
$ 1 0 , 0 0 0 , 0 0 0 a n d 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 - oy $ b , 0 0 0 , 0 0 0 . On t h e o t h e r
hand, an i n c r e a s e of $ 4 3 , 0 0 0 , 0 0 0 i n c o r p o r a t e s e c u r i t i e s on h a n d i s shown.
New York C i t y b a n k s r e p o r t a r e d u c t i o n of $5*000>000 i n Government s e c u r i t i e s
a n d an i n c r e a s e of $ 2 1 , 0 0 0 , 0 0 0 i n o t n e r s e c u r i t i e s ,
As a c o n s e q u e n c e of
t h e s e c h a n g e s , t o t a l l o a n s and i n v e s t m e n t s of a l l r e p o r t i n g b a n k s a r e shown
t n e c o r r e s p o n d i n g i n c r e a s e i n New
$ 7 0 , 0 0 0 , 0 0 0 l a r g e r t h a n t h e week b e f o r e ,
York C i t y b e i n g $ 6 5 , 0 0 0 , 0 0 0 ,
Accommodation of member b a n k s a t F e d e r a l r e s e r v e b a n k s snows a n i n c r e a s e f r o m $ 2 7 5 , 0 0 0 , 0 0 0 t o $ 8 8 0 , 0 0 0 , 0 0 0 f o r t h e w e e k , t n e r a t i o of accommod a t i o n t o t h e b a n k s * t o t a l l o a n s a n d i n v e s t m e n t s r e m a i n i n g u n c h a n g e d a t 5*9
per c e n t .
I n New York C i t y a c c o m m o d a t i o n a t t h e l o c a l r e s e r v e bank i n c r e a s e d f r o m $ 1 5 0 , 0 0 0 , 0 0 0 t o $ 1 8 1 , 0 0 0 , 0 0 0 , a n d t h e r a t i o of a c c o m m o d a t i o n
f r o m 3 , 2 t o 3*8 p e r c e n t .
As a g a i n s t a r e d u c t i o n of $ 1 5 , 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 an i n c r e a s e of $ 6 0 , 0 0 0 , 0 0 0 a n d t i m e d e p o s i t s an i n c r e a s e of $ 3 1 , 0 0 0 , 0 0 0 ,
I n New York C i t y Government d e p o s i t s d e c l i n e d
b y $ 7 , 0 0 0 , 0 : 0 , w h i l e o t h e r demand d e p o s i t s i n c r e a s e d by $ 1 0 , 0 0 0 , 0 0 0 a n d
time d e p o s i t s ~ by $2,000,000,
Reserve b a l a n c e s of the r e p o r t i n g i n s t i t u t i o n s witii the F e d e r a l
r e s e r v e b a n k s a r e shown $ 2 6 , 0 0 0 , 0 0 0 s m a l l e r t h a n t n e week B e f o r e , t h e d e c r e a s e f o r New York C i t y a l o n e b e i n g $ 4 l , 0 0 0 , 0 0 u •
Cash i n v a u l t d e c l i n e d
b y $ 4 , 0 0 0 , 0 0 0 , $ 2 , 0 0 0 , 0 0 0 of w h i c h i s shown f o r t h e New York C i t y members.




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 , Oct. lU, 1921; not e a r l i e r .
PRINCIPAL RESOURCE AND LIABILITY ITEMS OF REPORTING MEMBER BANKS IN LEADING CITIES
(Amounts i n t h o u s a n d s of d o l l a r s )
O c t . 5 , 1321
s e p t . 28, 1921
809
S09
Loans and d i s c o u n t s , '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 :

S e c u r e d by s t o c k s a n d b o n d s ( o t h e r t h a n U- S- s e c u r i t i e s )

- - -

591,362
3,019,122
S,004,803

Total loans & discounts & i n v e s t . . 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-Bk.R e s e r v e b a l a n c e w i t h F- R. Bank - - - - - - - - - - - - - - - - - - - - -

B i l l s p a y a b l e w i t h F e d e r a l Reserve Bank:
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

8, 1$21
821

Oct.

8, 1920
822

11,615,257

11,572,893

752,056
3,002,027
8,702.609
12,456,692

936,934
3,091,151
(a)
(a)

821,759

877,894

871,722

878.874

162,689

166,064

191,420

190,240

163,267
- - - - - - - - - - - - - - - - - - -

Apr.

2,996,667
7,999,600

139,372
Other b o n d s , s t o c k s and s e c u r i t i e s

576,626

St.2334a.

149,320
169,296

-

-

218,334

317,849
(a)

2,064,977

2,021.789

2,038,542

15,027,351

14,957,256

15,776,710

17,188,604

1,215,740

1,241,664

1,251,801

1,384,680

300,549

304,912

316,684

9,925,772

9,865,599

10,204,045

2,956,092

2,925,188

532,050

547,173

2,923,013
304,287

242,096

223,609

1,945

376,470
11,212,230
2,796,176
247,136

1,078

499,317
6,195

680,903
3,445

56,255
594,329

197,061

265,164
1.300,450

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:
49,367
587,075

928,003

R a t i o of b i l l s p a y a b l e a n d r e d i s c o u n t s w i t h F- R. Bank




5-9

5.9

10.3

( a ) Comparable f i g u r e s n o t a v a i l a b l e .

13-1

E e i

mtWT

Cati

®

F r i %

afternoon, Oct. l4, 1921; not e a r l i e r .
0 F

Federal Reserve D i s t r i c t
Number of reporting banks
Loans and discounts, including
b i l l s rediscounted with
F- R. Bank:
Secured by U.S.Govt, oblig.
Secucad by stocks and bonds
AH other loans & discounts
Total loans and discounts
U. S. bonds
U- S. Victory notes

Boston
49

112

Net demand deposits
Time deposits
Government deposits
B i l l s payable with p.R.Bank:
Secured by U-S.Govt.oblig.
All other




85

Rich.
82

•- •
Atlanta
43

Chicago
1 1 2

—

L

*

St.Louis
37

C L 0 S E OP BUSINESS O C ,

Minn. Kans.Cy. Dallas
35

79

52

39,583

313,705

46,167

%,535

77,899

5,348

81,688 13,561
59,562 12,703
725,302 154,414

20,730

100,301

709,978 4,486,727
179,803

•

16,185

608,054

449,212 43,73s

42,329

241,148

44,456

5,966

74,208

22,334

28,692

6,788
146,666

i4,4io

20,772

^

65

Total
809

26,692

591,362

745,694

8,004,801

20,204

163,267

170,394

2,064,977

142,427 3,019,122
3 9 K m

B i l l s rediscounted with F.R.Barik:
Secured by U.S.Govt.oblig.
3,557
All o t h e r

58

P

Cleve.

31,151 2 4 3 , 9 4 4 5 9 , 0 8 6
192,636 1,302,505 195,275
6 0 1 , 1 8 5 2 , 6 9 5 , 8 1 4 156.62%,

U. S. Treasury notes
4,023
U> S. C e r t i f i c a t e s of
indebtedness
6,573
Other bonds,stocks & s e c u r i t i e s 1 5 9 , 7 7 5
Total loans and discounts and
investments, including b i l l s

Cash in vault

^

New York Phila.

108,487 60,664 30,143
15,376 4,506 2,291
7,123 7,029
394
10,537
289,277

1

' 6 s 9 ' 5 £ 5 4 4 2 ^ 4 2 2 7 7 : 5 % 453:502 a s i j o u

71,274 26,858 16,075 31,978 34,257
26,963 1,988
652 2,764 1,319
•11,965
2,554 2,149 i , 4 4 o
622
6,420 3,986
52,504 67,803 21,563 47.188 10,310

49,740

-5 %

14,385 9,290
51,715 7,405 6 , i 4 s 12,135 9,90S
79 , 2 5 292,053 214,13s 1,265,907 250,643 171,570 350,33s 154,317
425,941 122,050 1 3 9 , 5 9 4
652,96s 146,595 67,312 103,93s 5 9 ^ 2 8
44,059 16,061
6,314
61,650 17,32s 17,217 11,745 9,105
29,336

18,200

27

4,508
71,328

21,439

14,294

28,326

11,490

750

2,048

45,735

5,304
42,709

4,263
88,239

2,774
33,206

2,872
177

662
23,862

8,283

2,205
32,985

914,813 11,615,287
102,568 881,759
19,048 162,689
6,764 139,372

23,010

.,s.s
300,549

562,772 9,925,772
565,413 2,956,092
20,668

532,080

6,016

28,668

395

242,096

596

1,945

2,595
35,929

49,367
587,075

2^3
16,952

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 o b e r l 4 , 1921; n o t e a r l i e r ,
s t
2 ^ 4
PRINCIPAL RESOURCE AND LIABILITY ITEMS OF REPORTING MEMBER BANKS IN F , R. BANK AND BRANCH CITIES AND IN OTHER SELECTED CITIES
(Amounts i n t h o u s a n d s of d o l l a r s )

All F. R.

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 ' d . w i t h F.R -Bank:

EEFJEHEL
Total loans and discounts

S

bon4a

"• V. S. Victory notes
U. S. Treasury notes
U. S . C e r t i f i c a t e s of indebtedness

Other bonds, stocks and securities

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.Bank

R e s e r v e b a l a n c e w i t h F . R . Bank

3,764,378
268 6

6

3,714,648

1,125,861 1,130,102
18,283
11,56?
3,524

18,501
11 > 5
3.627

450,654
99,517
98,777

449,504
102,035
104,982

215,616
39,006
23,261

212,935
38,323
26,096

215,489
24,166
17,334

as,455
25,706
18 242

54,704

53,692

17,296

20,227

106,701

108,693

34,797

36,339

21,769

22''264

529,088

142.317

134,180

1,119,618 1,096.211

595.269

575.000

1so|oon

J S f i
4,784,642
527,537

4,7l9,66g

568,276

1,318,828 1,318,502
29,651

30,126

4,028,096

4,018,072

888,541

Time d e p o s i t s

280,363

278,403

312,179

Government d e p o s i t s

231,221

238,554

43,006

B i l l s p a y a b l e w i t h F . R . Bank:
S e c u r e d by U . S . Govt. o b l i g a t i o n s
All other

874,529
309,947
43,216

56,839

37,322

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 . G o v t , o b l i g a t i o n s
All other

-6,168




2.022,380 2,026,522 1,857,590 1,853,566

267-796
76,354
78,091

88,608

R a t i . i of b i l l s p a y a b l e a n d 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 a n d i n vestments , per cent

7,735,317 7,692,805

' ?
70,879
76,194

123,384

N e t demand d e p o s i t s

othiF

•v
"V'
Kti:g,
a s i l l IS 13 fSIUiiS

124,126

Cash i n v a u l t

F, R.

86,983

-

-

7,106 '

4,722

7,217
105,885

2,505
38,816

3-8

3.2

3.7

4,073
48,990
4.4

—

J

1

Z

9,554,230 2 , 9 3 0 , 3 2 9 2 , 9 1 8 , 1 2 4 2 , 4 8 6 , 4 ) 8 2 , 4 8 4 , 9 0 2
889,991 928,752 1 8 5 , 9 1 9 1 8 0 , 4 3 5 1 3 9 , 8 3 0 132,477
170,025 172,314
57,573
58,847
72,951 73,751
6,991,616 6,954,938 1,536,134 1,523,266 1,398,022 1,387,395
1 , 3 7 5 , 3 6 1 1,368,617
929,588
905,924 651,143 650,647
419,616 4 3 0 , 0 1 4
68,499
71,301
43,965
45,858
9,610,584

120,959

104,261

-

117,998

r—

30,790

80,6i4

77,294

U550

.603

40,523
395

42,054

11,399

475

341,274

34,906
347,580

115,659

14,003
117,178

7,178
130,142

7,346
129 , 571

5.1

5.1

7.1

7-2

7-2

7.2