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'STATEMENT FOE THE PHE&£ S t . 3719 F a d e r a l R e s e r v e Board, O c t o o e r 4, 1923» R e l e a s e d f o r p u b l i c a t i cn, F r i d a y a f t e r n o o n , O c t . 5i not e a r l i e r . C 0 m i ^ ^ ' : P OF HEI.OER S IN LEADING CITIES i n v e s t m e n t s and of $ 1 2 3 , 0 0 0 , 0 0 0 A g g r e g a t e r e d u c t i o n s - of . $ 3 4 , 0 0 0 , 0 0 0 i n l o a n s and , of $ 5 2 , 0 0 0 , 0 0 0 i n accommodation in n e t demand d e p o s i t s , accompanied w i t h an i n c r e a F e d e r a l R e s e r v. e B a t t h e F e d e r a l r e s e r v e bank, a r e shown i n t „ o a r d ' s c o n s o l i d a Tt en d. n . banks i n l eading c i t i e s . of c o m m o n on S.pt ^ 2b of 770 > • soured by U. S. Government o b l i g a t i o n s m c r e a s ' * 1 cans e t h e r s t o c k s and bonds d e c l i n e d $ 2 0 , 0 0 0 , 0 0 0 and a l l o t h e r , l a r g e l y commercial ,000, r e d u c t i o n s d e c l i n e d $ 5 , 0 0 0 , 0 0 0 . H o l d i n g s of U. S . ' s e c u r i t i e s d e c r e a s e d $ 1 9 , 0i n0 0 T reasury notes Ci ana of $ 2 0 , 0 0 0 , 0 0 0 i n c e r t i f i c a t e s of i n d e j t o d n c of $ 2 , 0 0 0 , 0 0 0 i n L i b e r t y j e n d s and of $4,0JO,000 b e i n g p a r t l y o f f s a t by i n c r e a s e s in corporate secutities. r\ ^ Member b a n k s i n New York C i t y r e p o r t a n i n c r e a s e of / ~\z"' f \ $ 1 3 , 0 0 0 , 0 0 0 in l o a n s on E j = - o o " : | n t , ^ c o f ; ssissaiiass ,$4,000,000. $2,000,000. an i n c r e a s e of $ 2 6 , 0 0 0 , 0 0 0 w h i l e Be s e r v e b a l a n c e s of t h e r e p o r t i n g oaziivS s^cw Corresponding changes t o r t h e i r h o l d i n g s of c a s h i n v a u l t d e c r e a s e d $ 3 , 0 . 0 , 0 ^:o. e r v e b a l a n c e s and a New York C i t y members i n c l u d e an i n c r e a s e oi y,uUJ,Ouu in r - nominal c h a n g e i n c a s h h o l d i n g s . F o l l o w i n g i s a s t a t e m e n t of c h a n g e s i n t h e p r i n c i p a l a s s e s s and r e p o r t i n g members, a s comparetiv.-it+; a week and a y ^ a r o. o 0. Increase or Decrease I n m i l l i o n s of d o l l a r s s ince 19, 1923 S e p t . 2 7 . 1 9 2 2 + 890 15 Loans and d i s c o u n t s - t o t a l . . . . 3 + 13 Secured by U. S. Government o b l i g . 87 + 20 S e c u r e d by s t o c k s and bonds . . . 8 06 + 8 All other + 80 19 Investments, t o t a l . + 35 2 + U. S. bonds 202 + 5 Treasury notes 6s 20 Treasury c e r t i f i c a t e s 89 — 4 + O t h e r s t o c k s and Donds 7 "f 26 + R e s e r v e b a l a n c e s w i t h F, R. Banks . 2 + 3 Cash i n v a u l t + 92 + 2 Government d e p o s i t s 194 128 Net demand d e p o s i t s 446 + 8 + Time d e p o s i t s 414 + 82 T o t a l accommodation a t F. R. Banks — C. h 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 5, 1923J n o t e a r l i e r . PRINCIPAL RESOURCE AND LIABILITY ITEMS OF REPORTING- MEMBER BANKS IN LEADING- CITIES ( I n thousands of d o l l a r s ) Sept. 26, 1923 770 L o a n s and d i s c o u n t s , g r o s s : S e c u r e d b y U. 5 . G o v e r n m e n t o b l i g a t i o n s - - - - - - - - - - - - - S e c u r e d oy 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 - - - - - - - - - - - - - - - - - - - O t h e r b o n d s , s t o c k s and securities - - - - - - - - - - - — - - - - - - - 258,121 3,676,508 7,942,376 ———— 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 w i t h F e d e r a l R e s e r v e B a n k s : 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. Banks 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 W. - - - - - - " - 19, 1923 770 Mar. 28, I923 777 Sept. 27, 790 * 245,301 3,696,676 7,949,674 3,765,339 7,752,873 261,442 3,559,810 7,136,275 11,891,651 11,783,480 10,987,527 265,268 274,840 283,280) 1,053,456 1,051,603 1,041,643) 87,092 87,059 107,509) 1,381,003 861,145 *926,753 *653,776 115,953 135,790 191,462 184,127 2,157,761 2,153,932 2,161,484 2,247,210 16,456,020 16,497,611 15,453,643 1,339,553 1,394,778 1,358,358 286,4 27 282,544 281,349 10,891,330 11,019,656 11,082,059 11,085,421 4,019,613 4,012,034 3,948,420 3,573,401 238,222 235,884 337,323 146,493 294,534 278,770 ' 220,921 270,111 290,245 184,70S 65,651 93,495 3-5 3-0 2.9 1.0 1,365,732 T ime d e p o s i t s — Sept. ^Includes Victory notes. : 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 5 , 192 3 ; n o t e a r l i e r . S t . 3713b PRINCIPAL RESOURCE AND LIABILITY ITEMS OF ALL REPORTING MEMBER BANTS IK EACH FEDERAL RESERVE DISTRICT AT CLOSE OF BUSINESS SEPTEMBER 2b, 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 B o s t o n New York Phi l a . C l e v e - R i c h . A t l a n t a C h i c a g o S t . L o u i s Minn. K a n s . C y . D a l l a s San F r a n . Total Number of r e p o r t i n g banks 43 111 55 81 77 39 106 36 28 76 52 66 770 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 . 12,055 T o t a l l o a n s and d i s c o u n t s 105,565 18,202 28,0o5 9,262 8,332 37,115 12,20? 4,566 7 054 3 139 12 5SQ 258 121 8 8 5 , 5 9 5 4 , 1 4 7 , 4 7 7 642,599 1 , 1 2 | , 9 9 7 4 6 7 , 3 0 6 4 1 5 , 0 0 5 1 , 7 5 9 , 8 9 3 4 6 5 , 6 0 1 2 4 4 , 1 5 4 4 4 3 , 2 5 d 2 7 0 , 5 ) 4 1 , 0 0 7 , 4 8 8 1 1 , 8 7 7 , 0 0 5 U. S. P r e - w a r bonds U. S. L i b e r t y bonds 12,533 77,644 48,231 474,533 10,698 43,746 47,880 115,841 29,4.10 32,516 14,476 14,073 '24,742 96,772 15,304 22,829 9,161 13,342 11,555 49,490 20,761 13,765 30,226 98,905 274,995 1,053,456 U. S. T r e a s u r y bonds 4,812 27,279 3,27s 4,568 4,059 1,666 12,493 8,6l4 955 4,795 2,177 12,396 87,092 U. S. T:.3a~ary n o t e s 29,115 458,559 49,026 58,983 12,853 5,619 lib,274 19,662 27,640 19,375 14,387 43,511 855,604 U- S. C : ; : c . i a o a t e s of Indebtedness 13,706 21,476 4,825 9,598 3,155 8,950 22,785 5,750 3,924 4,o49 5,102 12,633 115,953 7 3 1 , 3 3 6 180,344 299,061 51,771 42,923 340,384 84,498 27,620 61,962 10,940 154,972 2,157,761 O t h e r bcnrl<=, s t o c k s and Becxu'i t i e s . : T o t a l l o a n . : and d i s c o u n t s and i n v e s t m e n t s 171,950 ' 1,195,355 5,908,891 9 3 5 , n 6 1,60^,930 601,070 5 0 2 , 7 / 2 2,373,343 622,258 326,796 594,532 337,666 1 , 3 6 0 , 1 3 1 16,421,866 Reserve balance with F.R.Bk. 83,845 6l9,910 65,725 101,512 Cash in v a u l t 18,552 79,954 15,910 31,740 32,673 32,086 195,223 37,953 21,545 4 7,09 7 24,570 103,593 1,365,732 13,442 . 1 0 , 3 4 l ^ 54,274 7,727 5,740 12,880 11,183 22,081 283,824 Net derrand d e p o s i t s 797,135 4 , 5 7 8 , 6 5 4 681,066 9 0 2 , 9 8 1 3 2 1 , 1 3 9 - 2 5 3 , 0 2 3 1 , 4 5 3 , 7 4 0 325,439 197,835 4 2 5 , 8 6 7 2 2 7 , 8 2 1 7 2 6 , 6 3 0 1 0 , 5 9 1 330 Time d e p o s i t s 270,567 5 9 1 , 5 7 0 1 5 2 , 4 8 1 181,107 75,543 549,631 4,019,613 8,264 22,345 238 222 |;!S %1:11) Government d e p o s i t s 4l,037 9 0 6 , 7 6 9 103,006 59»6l4 19,812 23,954 f S l f . ™ 9,188 11,089 781,944 187,841 26,330 8,647 84,452 134,702 5,199 2,743 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". u -s'GOTt-oblig- w. 1-& % % & 7-M 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 , O c t o b e r - 5, 1923, not e a r l i e r . 3719 c " B I K C r ^ L RESOURCE AND LIABILITY ITEMS OF REPORT ING ivEMBER BAHCS IN F. E, BANK AMD BRANCH CP JS AMD IK OTHER SxLECI.E: (In thousands of d o l l a r s ) F . R. A l l F. 3. Other b r a n c h cities C i t y of Chicago l a n k c i t i e s s e l e cted c i t i e s New York C i t y S e p t . 26 S e p t . 19 S e p t . 26 S e p t . 19 S e p t . 26 S e p t . 19 S e p t . 26 S e p t . 19 S e p t . 26 S e p t . 19 66 66 49 49 258 258 205 205 307 397 Number of r e p o r t i n g "banks Loans and d i s c o u n t s , g r o s s : ?K5,883 4C,502 41,442 27,529 132,313 168,351 97,329 23,996 35,306 35,502 S e c u r e d bv U. S. G o v t , c b l i g . 1,322,94s 1,329,91s .430,234 432,435 2,585,319 2,602,950 590,235 592,662 500,954 501,064 S e c u r e d by s t o c k s and b o n d s 2.226.723 2.240,883 673,657 678.701 4,924,728 4,936,733 1,634,724 1,630,456 1,382,924 1,322,485 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. P r e - w a r bonds U. S, L i b e r t y b o n d s U, 5. T r e a s u r y b o n d s 3,647,060 3,654,797 .1,132,774 1 , 1 3 8 , 6 6 6 37,428 . 37,428 4,095 4,095 408,436 406,547 32,427 39,919 5,422 12,134 18,170 5,327 7,692,360 7,708,034 93,427 93,260 636,362 633,795 45,115 45,202 2,265,461 2,264,560 1,919,124 1,919,057 76,822 76,870 , 248,976 249,463 21,74s 21,838 104,638 162,118 20,229 104,758 168,345 20,019 424,110 422,456 62,173 75,265 624,423 630,618 147,957 147,030 83,224 23,497 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 16,778 20, 6o4 7,417 10,047 55,652 65,493 41,555 51,093 12,740 19,204 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 523,067 527,611 166,339 164,357 1,138,436 1,139,971 590,519 586,082 428,806 427,879 U. S. T r e a s u 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 a n d . investments 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 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 w i t h F. R. Bank: Secured by U. S. Govt, o b l i g a t i o n s 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 investments, per cent 5,075,049 5,087,577 1,424,104 1,436,279 10,285,841 10,316,373 3,393,026 3,396,888 2,742,939 2,742,75-9 573,055 547,920 134,710 132,458 976,792 947,371 224,920 227,319 164,014 164,863 65,186 66,090 29,089 29,615 141,921 143,339 6I,94O 63,l6l 79,963 79,927 4,103,787 4,164,240 971,908 986,418 7*413,691 7,497,364 1,862,242 1,887,663 1,615,397 1,634,629 1,195,237 1,191,129 621,085 620,503 365,201 364,862 1,960,446 1,957,339 53,758 53,758 11,054 11,126 155,025 153,409 62,054 97,l6l 45,206 15,046 9,316 173,156 114,009 35,772 30,213 14,437 13,714 160,514 2. 6 1-5 3.2 2.1 1.6 263,330 863,566 61,839 21,023 20 , 6 3 6 77,332 70,845 44,040 36,067 158,493 68,759 65,297 49,497 46,321 2.6 4.3 4.0 3.4 3.0