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bTATEMENT f o r t h e p r e s s St. 3701 Federal Reserve Board, September 20, 1923* Released f o r p u b l i c a t i o n Friday afternoon, Sept. 21; not e a r l i e r . CONDITION OF MEMBER BAMS IN LEADING CITIES Further i n c r e a s e s of $70,000,000 in loans and discounts and of it 119,000,000 in net demand d e p o s i t s , p a r t l y i n a n t i c i p a t i o n of the payment of income and p r o f i t s taxes due on September 15, are shewn in the Federal Reserve Board's weekly consolidated statement of condition on September 12 of 770 member banks in leading c i t i e s . Loanstijsnd d i s c o u n t s secured by Government o b l i g a t i o n s and by corporate bonds and stocks show only nominal changes; while o t h e r , l a r g e l y commercial, loans increased by $68,000,000 f o r the week. Total investments of a l l r e p o r t i n g banks declined ty $5,000,000, t h e l a r g e r d e c l i n e of $12,000,000 in U. S. Treasury notes being p a r t l y o f f s e t by an i n c r e a s e of $7,000,000 i n corporate s e c u r i t i e s . The p r i n c i p a l changes i n loans and discounts during the week occurred in the New York, Boston, and San Francisco d i s t r i c t s , f o r which i n c r e a s e s of $18,000,000, $14,000,000, and $11,000,000, r e s p e c t i v e l y , are shown. An i n c r e a s e of $25,000,000 in a l l other loans shown f o r the New York City banks was o f f s e t i n p a r t by a decrease of $l4,000,000 in loans secured by corporate stocks and bonds. New York City banks report a l s o a decrease of $6,000,000 i n t h e i r holdings of Treasury n o t e s , a decrease of $3,000,000 i n holdings of corporate stocks and bonds, and an i n c r e a s e of $1,000,000 i n holdings of L i b e r t y bonds. Net demand d e p o s i t s increased $119,000,000 a t a l l r e p o r t i n g banks, the p r i n c i p a l i n c r e a s e s , amounting t o $35,000,000, $24,000,000, $20,000,000, and $14,000,000, res p e c t i v e l y , being shown f o r banks in the New York, Chicago, San Francisco, and Boston d i s t r i c t s . Time d e p o s i t s of a l l r e p o r t i n g banks decreased $6,000,000 during the week, and Government d e p o s i t s - $11,000,000. Of t h e t o t a l decrease in Government d e p o s i t s , $3,000,000 was reported by member banks i n New York C i t y . Reserve balances of a l l r e p o r t i n g banks increased by $12,000,000, and cash i n v a u l t by $6,000,000. For member banks in New York City increases of $5,000,000 in reserve balances and of $2,000,000 i n cash on hand a r e noted. Borrowings of a l l r e p o r t i n g i n s t i t u t i o n s from the Federal reserve banks shew p r a c t i c a l l y no change f o r the week. An increase of $12,000,000 i s reported in the borrowings of banks in t h e Cleveland d i s t r i c t * and decreases of $8,000,000 and $6,000,000, r e s p e c t i v e l y , a r e shewn f o r banks in t h e Chicago and New York d i s t r i c t s . Member banks in other d i s t r i c t s r e p o r t only nominal changes in t h e i r borrowings from Federal reserve banks. Following i s a statement of changes in the p r i n c i p a l a s s e t s and l i a b i l i t i e s of r e p o r t i n g members, as compared with a week and a year ago: Increase or Decrease In m i l l i o n s of d o l l a r s since Sept. 5. 1A23 Sept. 13, + + 70 + 3 + l + + 68 Loans and d is counts - t o t a l Secured by U. S. Government o b l i g Secured by stocks and bonds All other Investments, t o t a l . . . . U. S. bonds Treasury notes . Treasury c e r t i f i c a t e s . . . . Other stocks and bonds Reserve balances w i t h F. R. Banks Cash in v a u l t . . . . . . . . . . . . . . . . C. 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 Total accommodation a t F. R. Banks - 12 Hh + + - + + 4* - + . . . . . 5 - 7 12 6 11 119 6 - - + + - + + 1922 945 32 132 845 28 39 179 95 95 17 1 59 62 439 436 Released f o r p u b l i c a t i o n Friday a f t e r n o o n , September 21, 1923i not e a r l i e r . St- 3701a PRINCIPAL RESOURCE AND LIABILITY ITEMS OF REPORTING MEMBER BANKS IN LEADING CITIES ( i n thousands of d o l l a r s ) S e p t . 12, 1923 Sept. 5, 1923 Mar. l 4 , 1923 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 : Secured by U- S. Government obligations - - - - - - - - - - Secured by s t o c k s and bonds (Other than U. S. s e c u r i t i e s ) All other loans and discounts - - - - - - - — - - - - - - — 770 231,783 3,660,242 7948.210 229,243 3,661,113 7,880,194 269,408 3,711,365 7.742,123 790 , 263,642 3,528,112 7,103,626 11,840,235 11,770,550 11,722,896 10,895,320 274,707 1,059,181 274,746 1,058,263 282,871) l,o6l,544) U. S. Treasury bonds 88,034 88,425 112,252) U. S. Treasury notes 859,6l6 871,699 *93^,964 *680,904 80,501 , 2,146,444 80,821 2,139, 77? 99,766 2,162,169 175,165 2 f 241,889 - - - - - - - - - - - 16,348,718 16,284,277 16,376,462 15,376,3^6 - - - - - - - - - - - - - - - - - - - - - 1,379,717 292,752 1,367,827 286,663 1,443,401 288,588 1,363,096 291,404 11,082,617 4,002,968 10,963,233 4,009,236 ll,463,6l4 3.891,274 11,144,276 3,564,445 98,238 109,556 108,817 157,655 288,191 268,832 296,770 260,271 273,879 131,655 52,118 6$,220 3*4 3-4 2.5 .8 - - ^ - - — - Total loans and d i s c o u n t s U» S. Pre—war bonds - - - U. S. Liberty bands - - - - - - - - - - - - - U„ S. C e r t i f i c a t e s of indebtedness Other bonds, s t o c k s and s e c u r i t i e s - - -- - - - - - - 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 and r e d i s c o u n t s w i t h Federal Reserve Banks: Secured by U. S, Govt, o b l i g a t i o n s - - - - - - - - - - - - - - - - All other - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - Ratio of b i l l s payable and rediscounts with F. R. Banks t o t o t a l loans and investments, per cent _ _ _ _ _ _ -- - - - - - - - - - - - - - - - - - - - - - - -- - - - - - - - - - - - - - - - Total loans and d i s c o u n t s and investments Reserve balance with F- R. Banks Cash i n vault - - - - - — 769 777 Sept. 13, 1922 ^Includes Victory notes 1,382,968 Released f o r p u b l i c a t i o n Friday afternoon, September 21, 1923* not e a r l i e r . S t . 3701b PRINCIPAL RESOURCE AND LIABILITY ITEMS OF ALL REPORTING MEMBER BANKS IN EACH FEDERAL RESERVE DISTRICT AT CLOSE OF BUSINESS SEPTEMBER 12, 1923. ^ ( I n thousands of d o l l a r s ) Federal Reserve D i s t r i c t Boston New York P h i l a . Cleve. Rich. A t l a n t a Chicago St.Louis Minn. Kans.Cy. Dallas San Fran. 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 i i g . 11,878 77,166 18,721 30,342 8,711 8,075 36,259 12,445 4,503 8,017 3,284 12,382 231,723 Secured ty stocks & bonds 235,160 1,491,127 264,496 399,182 121,039 63,815 582,760 139,697 41,521 80,570 54,565 186,310 3,660,242 All other loans & d i s c o u n t s 645.117 2.554.152 357.838 696.592 334.763 334.171 1.152.957 310.985 194,259 355.566 207.411 804.399 7.948.210 Total loans and d i s c o u n t s 892,155 4,122,445 641,055 1,126,116 464,513 4o6,o6i 1,771,976 463,127 240,283 444,153 265,260 1,003,091 11,840,235 U, S. Pre-war bonds 48,231 10,698 12,132 30,674 47,229 29,040 14,430 274,707 24,767 15,334 9,111 11,600 20,861 U. S. Liberty bonds 116,6o4 32,014 14,187 472,251 44,366 79,875 100,362 23,591 13,299 49,441 13,741 99,450 1,059,181 U. S. Treasury bonds 4,805 27,180 12,246 88,034 2,202 1,841 3,278 4,780 4,913 4,735 12,376 8,723 955 U. S. Treasury notes 25,703 457,318 . 49,562 6,806 859,616 56,225 11,722 39,300 131,855 20,564 27,869 19,090 12,942 U» S. C e r t i f i c a t e s of Indebtedness Other bonds, stocks and securities 1,201 171,069 11,192 3,610 6,871 2,723 6,789 19,718 6,238 730,069 179.911 292.257 51.201 41.798 335,402 84,886 1,652 . 28,704 5,073 3,775 11,659 80,501 61,059 10,866 153.222 2,146,444 Total loans and d i s c o u n t s and investments 1,186,940 5,268,686 932,480 1,657,415 596,008 491,912 2,396,456 622,463 321,873 595,196 329,647 1,349,642 16,342,712 84,464 Reserve balance with F.R.Bk. 614,745 68,394 104,494 1,379,717 111,273 33,999 31,585 199,250 40,433 22,321 45,897 22,862 Cash in v a u l t Nat demand deposits Time deposits Government deposits 19,274 22,407 16,133 805,332 4,581,851 691,184 269,021 900,897 103,733 33,267 13,507 10,267 57,661 7,950 6,417 13,402 9,940 919,827 330,205 266,838 1,527,039 344,204 200,406 447,857 222,051 780,010 168,688 84,876 135,013 75,102 595,334 151,053 172,136 22,527 292,752 745,823 11,022,617 541,105 4,002,96s 16,752 25,922 9,530 5,522 4,222 4,753 12,245 2,678 2,485 840 2,941 10,282 98,238 B i l l s payable and r e d i s c o u n t s with F. R. Bank: Secured by U.S.Govt, oblig, . 8,777 All other 40,378 127,936 53,036 18,146 16,848 26,522 17,975 18,536 21,475 8,309 15,413 15,336 18,813 13,562 25;188 6,810 5,065 8,843 15,237 4,039 9,025 31,363 30,379 252,191 262,232 C. Released for p u b l i c a t i o n Friday afternoon, September 21, 1$23, not e a r l i e r . St. 3701c PRINCIPAL RESOURCE AND LIABILITY ITEMS OF REPORTING MEMBER BANKS IN F.' R. SANK AND BRANCH CITIES AND IN OTHER SELECTED CITIES (In thousands of d o l l a r s ) All F. R. F. R. Other New York City City of Chicago Bank c i t i e s Branch c i t i e s selected cities Sept. 12 Sept. ' Sept. 12 Sept. 5 Sept. 12 Sept. 5 Sept. 12 Sept, 5 Sept. 12 Sept. 5 66 65 Number of r e p o r t i n g banks 49 4§ 258 257 205 205 307 307 Loans and discounts, g r o s s : 68,763 68,442 Secured by U. S, Govt, o b l i g . 28,093 kfs',%. -40'39 36,478 36,500 Secured by stocks and bonds 1,311,657 1,325,367 433,063 All other loans and discounts a a s s a r e ; a - a i - s - x , » , K i t . . < ? S Total loans and discounts 3.631,472 3.toS,57S l . l t o . M ? 7,671,96) 7.627,735 a,260,176 7 , 9 1 , , 9 7 ^ , 9 ^ U. S. Pre-war bonds U, S. Liberty bonds U* S» Treasury bonds U. S, Treasury notes 37,275 405,886 4,121 4,068 43,182 43,010 18,124 18,135 428,642 5,391 83,159 5,390 84,399 8,924 6,226 6,l6l 327,515 162.809 161,596 423,077 U. S. C e r t i f i c a t e s of indebtedness Other bonds, s t o c k s , and s e c u r i t i e s Total loans and discounts and investments Reserve balance with F, R. Bank Cash in v a u l t Net demand deposits Time deposits Government d e p o s i t s B i l l s payable and rediscounts with F, R. Bank: Secured by U, S. Govt, oblig. All other Ratio of b i l l s payable and rediscounts with F, R. Bank to t o t a l loans and investments, per cent C. 37>28 406,637 r 9,308 524.403 93,203 641,511 93,299 641,685 77,028 248,985 45,139 637,936 45,356 644,566 22,050 142,522 32,285 1.112.121 31,444 1.12q.«SQ7 32,65s 587.248 5,039,449 5,034,955 1,445,425 1,439,008 10,254,210 10,213,762 563,581 558,407 68,011 66,4io 4,098,661 4,069,903 135,341 135,596 30,435 30,067 1,019,909 1,007,668 618,118 618,266 24,191 98,191 43,070 2,8 973,406 168,685 167,050 23,106 20,795 142,799 79,15S 19,933 84,334 32,870 585.600 15,558 >27.073 16,507 -424,576 3,364,786 3,350,885 2,729,722 2,719,630 l>189,540 1,200,829 26,082 28,982 26,553 1,952,399 69,963 108,49% 41,765 7,677 6,634 15,214 172,853 172,117 186,200 164,404 3.4 3.4 1.6 249,528 62,915 63,316 82,126 79,078 1,925,956 1,891,512 1,651,726 1,627,536 1,954,036 62,796 1.0 104,641 144,269 7,444,185 364,779 4,86o 3.0 104,476 978,119 147,711 7,504,935 363,892 4,372 7,637 76,806 232,389 74,973 54,632 3.9 234,075 71,844 53,038 3.7 169,209 859,392 9,360 40,365 42,083 3-0 160,346 856,008 l0,6ll 38,726 42,829 3.0
@FedFRASER