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He leased ror publication s t a t e ™ ru* ™ — Friday afternoon, Sept. 15; not e a r l i e r . Federal Reserve Board, j, , q 2 2 Sept " 14* CONDITION OF MEMBER 'BAMS IN LEADING CITIES. =SrS5£S?!^3SssSi in leading c i t i e s . r e p o r t a n i n c r e a s e of $ 2 3 , 0 0 0 , 0 0 0 i n t o t a l l o a n s a n d d i s c o u n t s , of w h i c h $ 1 7 , 0 0 0 , 0 0 0 r e p r e s e n t s a n i n c r e a s e of c o m m e r c i a l l o a n s . Under t h e g e n e r a l h e a d of i n v e s t m e n t s , U. S. b o n d s a n d V i c t o r y n o t e s show a f u r t h e r i n c r e a s e f o r t h e week of $ 9 , 0 0 0 , 0 0 0 a n d T r e a s u r y n o t e s grease and a r e d u c t i o n of $ 1 3 , 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 . p o r a t e and o t h e r s e c u r i t i e s show a d e c l i n e f o r t h e week oA $ 1 4 , 0 0 0 , 0 0 0 , of t h e i r i n v e s t m e n t s i n c o r p o r a t e a n d - o t h e r s e c u r i t i e s - by $240,000,UDU. Net demand d e p o s i t s of t h e r e p o r t i n g bank's show an i n c r e a s e of $ 5 1 , 0 0 0 , 0 0 0 ; o n l y a n o m i n a l change i s shown i n Government d e p o s i t s , w h i l e t i m e d e p o s i t s a f u r t h e r g a i n of $ 1 4 , 0 0 0 , 0 0 0 . F o r t h e New York C i t y b a n k s r e d u c t i o n s ox $ 1 1 , 0 0 0 , 0 0 0 i n n e t demand d e p o s i t s a n d of $ 6 , 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 . B o r r o w i n g s 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 f r o m t h e F e d e r a l r e s e r v e b a n k s show a f u r t h e r a d v a n c e f r o m $ 1 2 7 , 0 0 0 , 0 0 0 t o $137>000,000, o r f r o m 0 . ^ p e r c e n t of t h e i r t o t a l l o a n s a n d i n v e s t m e n t s . Member b a n k s i n New York C i t y r e p o r t an i n c r e a s e from $21,000,000 to $28,000,000 i n borrowings from the l o c a l . r e s e r v e b a n k a n d a n i n c r e a s e f r o m 0 . 4 t o 0 . 6 p e r c e n t i n t h e r a t i o of t e s e ^ borrowings t o a g g r e g a t e 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 of t h e r e p o r t i n g b a n k s show a r e d u c t i o n f o r t h e week of ^ $ 9 , 0 0 0 , 0 0 0 , a n d t h o s e of t h e New York b a n k s - a r e d u c t i o n of $ 1 3 , 0 0 0 , 0 0 0 . Cash i n v a u l t , b e c a u s e of t h e l a r g e a m o u n t s of c u r r e n c y o b t a i n e d by member b a n k s s h o r t l y b e f o r e Labor Day, was $ 9 , 0 0 0 , 0 0 0 l a r g e r t'-san t h e week b e f o r e , t h e New York C i t y b a n k s r e p o r t i n g a n i n c r e a s e of $3 ,00'') ,000 u n d e r t h i s h e a d . 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 t s a n d l i a b i l i t i e s on September 6 , 1 9 2 2 , a s compared w i t h a week and a y e a r a g o : Increase or Decrease I n m i l l i o n s of d o l l a r s since Aug. 1 0 . 1922 s e p t . 7 . 1921 + 59 2 Secured by stocks and bonds - 2 + All other + 63 - + 20 S I ^ 19 l4 + 1,262 + 505 ~ H3 + 603 + 33 + 240 Loans 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 o v ' t o b l i g a t i o n s . . . . . . Investments, t o t a l U: S. b o n d s Victory notes 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 Other s t o c k s a n d b o n d s + + - R e s e r v e b a l a n c e s w i t h F . R. Banks 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 ~ ~ + 5 1 + 14 T o t a l accommodation - - a t F. R. Banks . 9 9 + 1 0 ~ - + - 662 3^8 559 873 133 25 + 38 1,011 + 699 + » 843- 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 , S e p t . 1 $ , 1922; n o t e a r l i e r . PRINCIPAL RESOURCE AMD 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 ) 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 , 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 by U. S. Govt, 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 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 ouher loans and d i s c o u n t s S e p t . 6 , 1922 791 Aug. 3 0 , 1922 ygf st.3030a. March 8 , 1922 806 S e p t . 7 , 1921 810 256,988 3,480,189 7,082.676 259,330 3,482,013 7,019,852 419,058 3,110,773 7,366,394 604,710 2,920,893 7,956,277 10,819,853 10,761,195 10,896,225 11,481,380 1,375,364 1,366,860 997,663 870,482 U. S. V i c t o r y n o t e s 49,293 47,863 147,774 161,897 U. S. T r e a s u r y n o t e s 650,881 647,325 272,588 48,333 173,272 192,583 152,726 140,624 2.263,963 2,277,718 2.059,609 2,023,369 15,332,626 15,293,544 14,526,585 14,726,585 1,368,905 1,377,582 1,303,763 1,236,233 282,539 274,189 277,334 307,600 10,992,939 10,942,232 10,334,114 9,982,367 3,598,688 3,104,900 2,914,007 178,300 177,680 278,396 139,747 56,923 447 57,447 552 86,720 476 264,815 503 78,815 1,212 68,226 9,374 158J84 ,9 g 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. 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 T o t a l l o a n s & d i s c o u n t s & 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 Cash i n v a u l t Net demand d e p o s i t s - 3,612,623 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 w i t h F e d e r a l Reserve 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 u n t e d w i t h F e d e r a l R e s e r v e 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 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 - - - - - - - - - - - - - - -*- - , g 680 68,363 645,675 6.7 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 , S e p t . 15, 1922; n o t e a r l i e r . St.3030b. ^PRINCIPAL RESOURCE AND LIABILITY ITEMS OF ALL REPORTING MEMBER BANKS IN EACH FEDERAL RESERVE DISTRICT AT CLOSE OF BUSINESS SEPT. 6 , 1322. F e d e r a l Reserve D i s t r i c t B o s t o n New York P h i l a . Number of r e p o r t i n g b a n k s 49 105 56 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: Secured by U. S. Govt, o b l i g . 14,374 85,219 15,589 S e c u r e d by s t o c k s and b o n d s 216,815 1 , 5 7 9 , 7 0 7 2 3 9 , 9 8 8 A l l o t h e r l o a n s and d i s c o u n t s 561,619 2 , 2 3 0 , 0 8 9 317.327 T o t a l l o a n s and d i s c o u n t s 792,808 3,895,015 572,904 Cleve, 84 Rich. Atlanta 41 79 Chicago 109 S t . L o u i s Minn. 37 33 Kans. Cy,, D a l l a s San F r a n . 68 51 79 2 9 , 6 5 4 11,009 8,214 4,267 41,686 13,900 7,371 9,976 3 3 7 , 1 2 4 120,537 56,763 516,986 122,650 38,255 6 7 , 5 1 0 4 2 , 5 7 0 6 3 8 , 6 4 6 298.857 2 9 1 , 8 5 2 1 , 0 1 0 , 8 0 3 2 7 6 , 8 3 5 198,753 3 5 0 , 8 4 4 190.547 1,005,424 430,403 355,986 1 , 5 6 9 , 4 7 5 413,385 245,222 4 2 8 , 3 3 0 2 3 7 , 3 8 4 15,729 141,284 716.504 Total 791 256,988 3,450,189 7,082,676 873,517 1 0 , 8 1 9 , 8 5 3 116,888 1 , 3 7 5 , 3 6 4 U. S- bonds 99,986 567,587 57,821 156,796 59,455 29,214 134,729 36,738 23,868 34,051 U. S. V i c t o r y n o t e s 816 26,952 58,231 21,787 6,311 2,221 228 621 5,016 4,357 283 1,355 5,732 49,293 406,283 25,808 38,513 4,685 4,386 73,698 8,531 9,308 13,570 566 8,966 30,181 650,881 65,313 7,195 787.660 186,722 9,180 3,757 55,794 8,866 25,084 5,390 10,805 5,632 19,027 32,367 408,382 7,299 83,933 26,64i 60,071 7.713 161.799 173,272 2,263,963 572,362 294,312 192,025 37,817 22,120 50,036 25,010 53,978 . 7 , 4 2 3 5,875 11,672 9,759 1 , 4 4 6 , 4 8 9 322,35s 198,153 451,038 209,926 707,292 170,593 79,594 1 1 7 , 7 8 5 63,62s 1,207,144 15,332,626 82,155 1,368,905 19,676 #82,539 550,023 3,612,623 4,o66 13,642 178,300 6,155 56,923 177 447 123 503 78,815 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 5,724 O t h e r b o n d s , s t o c k s , S . s e c u r i t i e s 171,006 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 . Bk. 1 , 0 9 7 , 2 9 2 5 , 7 4 3 , 6 4 5 R e s e r v e b a l a n c e w i t h F. R. Bank 8 4 , 0 7 5 635,110 Cash i n v a u l t 19,425 88,974 281,875 . 856,761 1,494,009 554,322 431,44o 2 , 2 1 6 , 3 8 4 554,243 310,712 69,251 106,051 33,687 31,568 15,025 27,769 13,675 9,288 Net demand d e p o s i t s 791,135 4 , 7 9 4 , 5 7 0 689,493 8 7 4 , 9 5 3 331,996 2 4 9 , 6 9 5 Time d e p o s i t s 246,520 823,232 54,891 69,133 11,622 503,713 143,422 151,930 Government 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 . All other 13,004 3,165 - 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, o b l i g . 39 All other 15,856 18,620 - - 17,666 9,438 - 55 5,187 15,072 5,425 5,321 20 3,585 101 6,939 88 250 6,255 5,150 24,949 4,211 95 8,432 1,255 - 44 4,475 8 2,388 5,973 138 - - 5 4,792 6,053 1 2,328 719 - 33 2,393 - 6 3,966 633,128 10,992,939 6,570 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 , S e p t . 15 TOCE ^ Nunber 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 r . s ' d . w i t h F. R, Bank: Secured b y U. S, Govt, o b l ' i g . S e c u r e d b y s t o c k s and b e n d 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 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 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 Government d e p o s i t s B i l l s payable with S e c u r e d b y U. S. All other B i l l s rediscounted Secured by U. S. All other F. R. Bank: Gov't obligations I M — OF R E D I N G « ^ A N K S AND BRANCH CITIES AND IN OTHER SELECTED R. — vimoixnGs m 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 C i t y C i t y of Chicago Bank c i t i e s Branch c i t i e s s e l e c t e d cities Sept. 6 Aug. 30 Sept. 6 Aug. 30 Sept.; 6 Aug. 30 S e p t . 6 Aug. 30 S e p t . 6 Aug. 30 64 64 50 50 269 269 209 209 313 313. : 75,593 74,609 33,109 389,857 637,405 34,972 400,369 630,672 498,751 20,514 499,674 20,311 62,952 800,241 798,019 4,496 298,980 384,965 36,178 8,088 7,246 61,703 74,768 14,069 36,915 525,659 113,377 302,957 387,789 61,134 4,550 51,549 14,137 522,894 75,876 73,822 •^M38 176,570 41,995 597 >435 175,726 126,539 1,227.494 l t 2 l 6 t 6 R n 623,363, 1,406,674 1,401,886 1^34^677 1,932.981 51,813 168,982 170,556 2,546,797 2,548,746 4,4)3.641 4.185,321 47,425 48,112 490,295 494,810 1,379.210 1.170.177 40,581 4o,662 443,097 438,457 ,269,801 1 , 2 6 1 , 8 % 269,861 47,986 272,166 4,290 49,346 17,900 626,875 413,106 414,193 4,439 50,609 18,058 4,986,631 1,368,311 1,375,069 9,853,108 9,825,405 2,969,229 2,968,00s 2 , 5 1 0 , 2 8 9 2 , 5 0 0 , 1 3 1 602,532 136,232 137,836 988,808 1 , 0 0 1 , 7 6 5 224,159 223,594 155,938 152,223 75,290 72,292 29,648 28,488 151,566 147,746 57,630 54,790 73,343 71,653 4,305,295 4,316,409 998,320 997,652 7,638,126 7,623,462 1 , 7 7 5 , 9 9 4 1,760,107 1 , 5 7 2 , 8 1 9 1,552,663 601,031 606,620 328,4i4 334,514 1,808,174 1,811,516 1,038,943 1,034,320 765,506 752,852 64,430 64,430 17,265 16,871 133,949 133,388 25,629 26,o4l 18,722 18,251 4,992,039 589,367 13,980 9,46s 990 935 31,498 27,123 15,153 177 18,064 182 10,272 270 12,260 370 14,015 244 11,370 2,667 5,290 47,107 127 376 37,585 298 11,550 756 11,826 78 20,158 80 15,815 .6 .4 .8 .7 .9 w i t h F, R. Bank: Gov't o b l i g a t i o n 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, Bank t o t o t a l l o a n s and investments, per cent 1922* n o t e a r l i e r .3 .5 1.0 1.2 1.3
@FedFRASER