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STATEMENT FOR THE PRESS Ji.os.sod f o r p u b l i c a t i o n i n St.214?, -i-i.vj a l t a m o o n p a p e r s , O c t . 21; F e d e r a l R e s e r v e Board not e a r l i e r . O c t o b e r 20, 1$21, COilBITIOU OF LEffiER BASKS III LEADIliO CITIES A g g r e g a t e i n c r e a s e s of a a out $ 1 3 7 , 0 0 0 , 0 0 0 i n demand d e p o s i t s , a s c-gaiast s u b s t a n t i a l r e d u c t i o n s i n t i m e and Government d e p o s i t s , a r e i r i a l c a t e l i n t n 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 c o n s 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 11 of 803 member b a n k s i n l e a d i n g c i t i e s . Ao i-i-Su an i n c r e a s e of * 1 5 , 0 0 0 , 0 0 0 i n l o a n s s e c u r e d 07 c o r p o r a t e O b l i g a t i o n s , l o a n s s e c u r e d 0 7 U n i t e d S t a t e s Government o b l i g a t i o n s show a rvu.vtctiv.1^ 01 4-7,00u,000, and a l l o t h e r l o a n s and d i s c o u n t s , m a i n l y of rx coiiiaurciaj. a n a i n d u s t r i a l c h a r a c t e r , - a r e d u c t i o n of $ 2 1 , 0 0 0 , 0 0 0 . F o r t n e Bonibor banks i n New York C i t y , an i n c r e a s e of $ 1 3 , 0 0 0 , 0 0 0 i n l o a n s c o r p o r a t e o b l i g a t i o n s was raore t nan o f f s e t b y r e d u c t i o n s of ' a ' - ^ x U ^ C c i n s socui'cd by Unit .2a S t a t e s Government o b l i g a t i o n s , ana ; 2 ^ , 0 0 0 , 0 0 0 i n commercial l o a n s and d i s c o u n t s . Changes i n t h e n o l d i n g s of Government s e c u r i t i e s were q u i t e m o d e r a t e , • a ^ ® , : r ! - a s e 1 C f $ 2 , 0 0 0 , 0 0 0 i n t h e h o l d i n g s of 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 l a r g e s t - c u a n g e r e c o r d e d f o r t h e week. I n v e s t m e n t s i n c o r p o r a t e ana vi-aer s e c u r i t i e s l i k e w i s e show b u t a s m a l l d e c r e a s e . F o r t h e mer-o^r York "aJr= C i t y , a n i n c r e a s e of $ 5 , 0 0 0 , 0 0 0 i n T r e a s u r y c e r t i f i c a t e s ana s m a l l e r c h a n g e s i n o t u e r i n v e s t m e n t s a r e n o t e d , ,\s a c o n s e q u e n c e , - v o t a i l o a n s and i n v e s t m e n t s of t n e r e p o r t i n g i n s t i t u t i o n s show a d e c l i n e I l k Krf, r c - v o n $ 2 ° ' 0 0 0 , 0 0 0 , and cn O c t o b e r 12 s t o o d a t s l i g h t l y o v e r y J ', 3 p e r c e n t below t n e c o r r e s p o n d i n g t o t a l r e p o r t e d a t a e - ' T ' r o r k C i t y members, t n e c o r r e s p o n d i n g amount was ^ " f*,UvV,Ouv, o r I S p e r c e n t below t h e c o r r e s p o n d i n g 1920 t o t a l . T o t a l accommodation of t h e r e p o r t i n g i n s t i t u t i o n s a t t h e F e d e r a l r e s e r v e oara-s snows an i n c r e a s e fc-r t n e week f r o m $ £ 5 0 , 0 0 0 , 0 0 0 to $ 9 0 0 , 0 0 0 000 or t rem £ . 9 t o b p e r c e n t of t n e r e p o r t i n g b a n k s ' t o t a l l o a n s a n d ' i n v e s t 15ew Y O n : City banks, i n c r e a s e s from $121,000,000 to v m t n e t o t a l '° b o r r o w i n g s f r o m t h e l o c a l r e s e r v e b a n k and f r e m wC p e r c e n t i n t n e r a t i o of accommodation a r e shown. V r,^ tllir f ' V a l s 01 Government d e p o s i t s d u r i n g t h e week a g g r e g a t e d . " . . T i ? e d e p o s i t s show a d e c l i n e of $ l U , 0 0 0 , 0 0 0 , w h i l e o t h e r aro shown $ 1 3 7 , 0 0 0 , 0 0 0 l a r g e r t n a n t h e week b e f o r e , r vwe f x w Yor& C i t y banks t h e r e i s n o t e d a r e d u c t i o n of £ 2 3 , 0 0 0 , 0 0 0 i n government 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 $ 4 5 , 0 0 0 , 0 0 0 i n o t h e r demand d e p o s i t s and of $ 2 , 0 0 0 , 0 0 0 i n t i m e d e p o s i t s . iiiaplillis 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 , Oct 21, 1921; not e a r l i e r . PRINCIPAL RESOURCE A1TD LIABILITY ITZ.IS OF EEPORTII-:IG UOSBER BAI-ES IN LBABING CITIES (Amount s i n t h o u s a n d s of d o l l a r s ) Oct.. 12, 1921 Apr. 1 5 , 1921 O c t . 5, 1921 820 S09 809 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 p . R. Bank: S e c u r e d by U- S- G-ovt. o b l i g a t i o n s - - - - - - - - - - - S e c u r e d by s t o c k s and co nds ( o t h e r t h a n U- S- s e c u r i t i e s ) - st.2347a. O c t . 1 5 , 1920 822 3,033,868 3,019,122 8,004,803 740,055 2,973,357 8,643,200 T o t a l l e a n s and d i s c o u n t s - - - - - - - - 11,602,099 11,615,287 12,356,612 U- S. b o n d s - - - - - - - - - - - - - - - - - 879,056 881,759 874,973 876,726 U- S- V i c t o r y n o t e s - - - - - - - - - - - - - 160,899- 162,689 190,93% _191,418 U- S- T r e a s u r y n o t e s 132,365 139,372 - 158,333 163,267 2,062,682 2,064,977 15,001,434 1,243,802 15,027,351 1,215,740 286,526 2,047,296 15.756.3U1 1,269,570 309,855 300,549 307,943 381,114 10,062,331 9,925,772 10,263,390 11,472,924 2,942,400 2,956,092 2,923,718 480,52b 532,080 329,192 2,808,303 188,401 259,118 242,096 1,945 503,256 1,685 49,367 190,802 584,112 7.98U.119 - - - - - - - - - - - - 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 - - - - - — — — — — -" ^ — — 1 T o t a l l o a n s & d i s c o u n t s Cc i n v e s t . , i n c l u d i n g b i l l s retiLis d.v •nth F-R• B k . - Net demand d e p o s i t s - - - - - - - - - - - - dove m e a n t d e p o s i t s - - - - - - - - - - - — — ~ — - - B i l l s p a y a b l e w i t h F e d e r a l R e s e r v e 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 - - - - - - - - - - - - - - - - - — — — _ _ _ _ _ _ _ _ _ • 2,095 B i l l s r e d i s c o u n t e d w i t n F e d e r a l Reserve Bank: All other - - - - - - - - - - - - - - - - - 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 P. 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 45,315 593,487 6.0 591,362 587,075 5-9 885,169 923,722 3,162,257 (a) (a) - 361,753 . w 17,2.83,996 1,422,082 668,623 4,339 259,201 1,316,807 10.0 ( a ) Comparable f i gf a r e s not a v a i l a"Oic « 13.0 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 . 21, 1921; not e a r l i e r , si.2}kTo. PRINCIPAL RESOURCE AND LIABILITY ITELiS. OF ALL REPORTING ISIffiER BANKS IN EACH FEDERAL RESERVE DISTRICT AT CLOSE OF BUSINESS OCT. 12, 1921. (Amounts i n t h o u s a n d s of d o l l a r s ) ; F e d e r a l Reserve D i s t r i c t Boston New York P h i l s . . cleve. 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 banks 49 112 58 8) 82 U3 112 37 35 79 52 65 809 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 rediscounted with F . R. Bank: S e c u r e d by U . S . G o v t , o b l i g . 31.536 237,880 5 8 , 5 0 4 5 4 , 6 l 6 22,919 2 0 , 9 1 1 74,880 1 9 , 2 2 0 1 2 , 2 8 8 1 8 , 2 4 ) 6,734 26,313 584,112 S e c u r e d by s t o c k s and bonds 194,369 1,313,836 194,832 335,803 109,781 $ 2 , 5 9 9 440,175 118,549 30,897 64,240 37,367 141,420 3,033,868 All other loans & discounts 602,811 2. 672. 357•360,753 666,814 3 32,200 316,452 1 , 1 7 2 , 4 4 3 300,952 234,363 368,520 206,844 749,605 7 , 9 8 4 , 1 1 9 T o t a l l o a n s and d i s c o u n t s 828,776 4 , 2 2 4 , 0 7 9 6 l 4 , 0 8 9 1 , 0 5 7 , 2 3 3 4 j 4 , 9 0 0 3 8 9 , 9 6 2 1 , 6 8 7 , 5 0 3 4 3 8 , 7 2 1 2 7 7 , ^ 4 8 451,005 250,945 917,338 1 1 , 6 0 2 , 0 9 9 u- s . bonds u. s. Victory notes 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 39,786 310,984 46,093 110,147 60,716 30,567 3,711 2,255 71,211 4,512 77,464 5,535 i4,4o7 3,934 83,197 13,334 6,034 6,880 390 12,004 15,618 32,647 34,754 2,069 1,059 2,905 1,319 1,859 1,865 2 , 3 0 6 27 6,801 64,103 12,088 10,699 3,118 1,702 25,860 3,277 26,809 27,164 1,734 6,297 O t h e r b o n d s , s t o c k s & s e c u r i t i e s 140,117 729,105 155,669 277,805 4 9 , 4 3 8 37,412 355,977 6 8 , 1 1 8 21,877 4 6 , 6 4 4 T o t a l l o a n s and d i s c o u n t s a n d 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.Bk. 1, 023,926 5 , 4 8 8 , 9 3 2 8 4 6 , 8 0 8 1 , 4 7 6 , 3 2 5 522,763 4 6 2 , 2 8 8 2 , 1 7 9 , 3 6 4 541,208 3 1 9 , 7 0 1 541,804 Reserve b a l a n c e w i t h F- R. Bank 73,009 596,025 6 1 , 2 7 8 174,608 3 7 , 4 2 1 16,319 34,947 93,995 3 1 , 4 4 6 26, Si4 Cash i n v a u l t 20,892 105,056 1 6 , 1 9 6 7,166 29,320 14,765 9 , 4 3 3 6,779 1 3 , 0 4 0 53,926 Net demand d e p o s i t s 723,430 4,536,305 616,681 802,720 297,908 217,975 1 , 2 8 9 , 3 4 3 285,254 170,691 352,071 Time d e p o s i t s 179,503 451,257 4 3 , 3 5 4 423,950 121,944 1 4 0 , 5 8 8 654,715 147,066 67,863 104,839 Government d e p o s i t s 217,048 39,874 38,094 39,782 14,950 55,487 1 5 , 5 3 9 15,946 10,571 5,994 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- G o v t . o b l i g . All other 6,731 B i l l s r e d i s c o u n t e d w i t h F.R•Bank :: Secured by U.S.Govt.oblig. 2,970 AH o t h e r 27,702 99,964 - 3,947. 158,065 23,467 - 13,691 21,393 18,999 22,367 11,705 27 250 750 3,117 76,572 1,931 42,939 39,644 7,627 24,423 - 4,254 90,815 10,422 - 3,003 30,895 2,899 6,978 - 724 22,184 2,101 32,900 3,036 10,383 99,369 18,854 6,535 19,618 170,137 879,056 160,899 138,365 158,333 2,062,682 300,464 1,231,851 15,001,434 22,360 75,780 1,243,802 9,849 23,433 309,855 129,433 579,920 1 0 , 0 6 2 , 3 3 1 59,748 8,640 547,273 18,601 2,942,400 4,522 26,64i 259,11s 2,095 472 247 15,842 ' 596 2,603 33,936 480,526 45,315 593,487 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 21, 1A21; n o t e a r l i e r . g t ?347c PRINCIPAL RESOURCE AND LIABILITY ITEMS OF REPORTING MEMBER BANKS IN F . R. BANK AIND BRANCH CITIES AiMD ' IN OTHER SELECTED CITIES. (Amounts i n t h o u s a n d s of d o l l a r s ) A l l F . R. . F . R. Other New York Ci t y C i t y of Cnicago Bams, c i t i e s Brancn c i t i e s selected ci t i e s O c t . 12 Oct. 5 O c t . 12 Oct. 5 O c t . 12 O c t . 5 O c t . 12 O c t . 5 O c t , 12 O c t . 5 Number of r e p o r t i n g banks 70 70 51 51 280 280 211 211 318 318 Loans a n d 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.Barus:: S e c u r e d by U . S . G o v t , o b l i g . a5,46o 2a ,450 54,329 56 , 794 410,452 420,070 .98,110 95,919 75,550 75,3 73 S e c u r e d by s t o c k s and bonds 1,156,663 1,144,024 320,564 319,331 2,159,44? 2,145,383 462,647 461,714 411,774 412,025 All o t h e r l o a n s and discounts 2 ^ 7 5 jQOH 2 , 3 9 8 , 9 0 4 J 5 1 J D 7 3 749,756 T o t a l l o a n s and d i s c o u n t s 3,747,727 3,764,378 1,125,966 1,125,881 7,728,672 7,735,317 2 , 0 1 6 , 4 9 2 2 , 0 2 2 , 3 8 0 1 , 8 5 6 , 9 3 5 1 , 8 5 7 , 5 9 0 U . S . bonds 267,263 268,676 18,813 18,283 448,544 450,654 215,616 215,259 215,253 215,489 U. S, V i c t o r y n o t a s 70,372 70,879 11,592 11,527 99,110 38,283 99,517 39,006 24,166 23,506 U. S . T r e a s u r y n o t e s 77,706 76,194 5,238 3,524 101,101 98,777 22,297 23,2bl 14,967 17,334 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 59,411 54,704 12,515 17,296 102,908 106,701 33,876 34,797 a,549 21,769 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 551,668 549,811 146,357 142,317 1,127,721 1,115,618 582,380 595,269 352,581 350,090 T o t a l l o a n s and d i s c o u n t s 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.Bamk 4,77^,147 4,784,642 1,320,481 1,318,828 9,608,056 9,610,584 2,908,587 2 , 9 3 0 , 3 2 9 2 , 4 8 4 , 7 9 1 2 , 4 3 6 , 4 3 8 55^,104 527,537 125,307 124,126 91,760 29,843 29,651 4,073,112 86,983 4,028,096 888,541 Time d e p o s i t s 281,980 280,363 Government d e p o s i t s 208,087 231,221 895,625 312,226 38,709 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 Net demand d e p o s i t s 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 B i l l s r e d i s c o x m 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 a t i o n s All other R a t i o ofL 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 i ,R. Bank to t o t a l l o a n s ana i n vestments, per cent. • , 312,179 43,006 889,991 175,258 170,025 7,077,165 6,991,616 1,376,206 1,375,361 377,846 419,616 918,130 189,744 59,237 185,919 - 135,928 139,830 75,360 72,951 57,573 1,569,383 1,536,134 1,415,783 1,398,022 912,709 929,588 653,485 651,143 62,339 68,499 40,341 43,965 7i,6i4 1,547 80,6l4 40,601 548 40,523 395 12,493 • 83,268 56,839 6,16s 2,391 130,506 117,998 4.5 3 .5 4,416 2,003 41,769 3.6 7,106 2,505 38,816 3.7 146,903 25,337 120,959 1,550 356,137 30,790 341,274 113,5-7 11,399 115,659 7,485 123,783 7,178 130,142 5-5 5-1 o.S 7.1 b.Q 7-2
@FedFRASER