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STATEMENT FOE THE PRESS st.1U0U F e d e r a l Reserve Board. September 4, 1920. Released for p u b l i c a t i o n Monday morning, S e p t . 6, 1920; n o t e a r l i e r . CONDITION OF imBER BANKS IN LEADING CITIES S u b s t a n t i a l i n c r e a s e s i n t h e s e v e r a l l o a n a c c o u n t s and scalier addif t i o n s to i n d i v i d u a l d e p o s i t s a r e i n d i c a t e d in the F e d e r a l R e s e r v e Board s weekly s t a t e m e n t showing c o n d i t i o n on August 27 of 820 member banks i n l e a d i n g cities« U n i t e d S t a t e s bond h o l d i n g s show but n o m i n a l changes* V i c t o r y n o t e h o l d i n g s i n c r e a s e d by about 7 m i l l i o n s , l a r g e l y o u t s i d e of New York C i t y , w h i l e T r e a s u r y c e r t i f i c a t e s show a r e d u c t i o n of 13 *7 m i l l i o n s , o n e - h a l f of which r e p r e s e n t s t h e r e d u c t i o n f o r t h e member banks i n New York C i t y , ment war o b l i g a t i o n s went up by about 6 »8 m i l l i o n s , Loans s e c u r e d by Governthough f o r the New York City^ a^re&uction under t h i s head of 1 , 2 m i l l i o n s i s shown * Loans p r o t e c t e d by c o r p o r a t e s e c u r i t i e s show an i n c r e a s e f o r the week of 30*7 m i l l i o n s , an e q u a l l y l a r g e i n c r e a s e being shown f o r t h e New York C i t y members a l o n e , All o t h e r l o a n s and i n v e s t m e n t s , composed l a r g e l y of commercial l o a n s and d i s c o u n t s , show an i n c r e a s e of about 18 m i l l i o n s f o r a l l r e p o r t i n g banks, and of 3 0 , 5 m i l l i o n s f o r t h e member banks i n New York C i t y ; changes i n the s e v e r a l c l a s s e s of e a r n i n g a s s e t s , In consequence of t h e above 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 banks show an i n c r e a s e f o r t h e week of 4 8 , 5 m i l l i o n s , as a g a i n s t a c o r r e s p o n d i n g i n c r e a s e of 52 *3 m i l l i o n s f o r t h e New York C i t y members * Accommodation of a l l r e p o r t i n g banks a t the F e d e r a l Reserve Banks, a s shown on t h e books of t h e l a t t e r , 2128 <4 m i l l i o n s , i n c r e a s e d by 4 l ,9 m i l l i o n s from 2086 *5 to and c o n s t i t u t e d 12*6 per c e n t of t h e banks 1 t o t a l l o a n s and i n v e s t m e n t s on August 27, as a g a i n s t 12,4 p e r c e n t a week e a r l i e r • For the New York C i t y banks an i n c r e a s e under t h i s head of 47 *1 m i l l i o n s from 767 t o 8 l 4 * l m i l l i o n s i s shown, r e s u l t i n g i n an advance of t h e r a t i o of accommodation a t the F e d e r a l R e s e r v e Bank from 13 *6 to l4«3 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 2 1 , 4 m i l l i o n s i n Government d e p o s i t s , the r e p o r t i n g banks show i n c r e a s e s of 5*0 m i l l i o n s i n o t h e r demand d e p o s i t s ( n e t ) and of 21 >4 m i l l i o n s i n time d e p o s i t s * For t h e New York Cit,y banks r e d u c t i o n s of 1 2 , 1 m i l l i o n s i n government d e p o s i t s and of 6 <3 m i l l i o n s i n o t h e r demand d e p o s i t s ( n e t ) a s a g a i n s t a g a i n of 15 8 m i l l i o n s i n time d e p o s i t s are n o t e d 1 Reserve b a l a n c e s went up 9 m i l l i o n s , 5,8 millions* w h i l e c a s h i n v a u l t i n c r e a s e d by For t h e tfew York City banks c o r r e s p o n d i n g i n c r e a s e s of 16,3 m i l l i o n s in r e s e r v e b a l a n c e s and of 3 ' 1 m i l l i o n s i n c a s h a r e shown * He l e a s e d f o r n u b i l e a t i o n Monday morning, September 6, 1920; n o t e a r l i e r . PRINCIPAL RESOURCE AMD LIABILITY ITEMS OF REPORTING MEMBER BANK IN LEADING CITIES F e b . 27,1920 207 Aug. 27, 1920 Aug. 20, 1920 212 820 Number of r e p o r t i n g "banks Aug. 29, 1919 774 262,969 269,252 596,911 637,322 129,244 202,450 319,222 429.771 443.453 672.231 1.155.560 1,501,482 1,502,559 1,747,161 2,321,476 Loans and i n v e s t m e n t s , i n c l u d i n g b i l l s r e d i s c o m t e d w i t h F . R. Bank: Loans s e c u r e d by U« S* war o b l i g a t i o n s _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ Loans s e c u r e d by 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 - - - - - - All other loans and investments - - - - - - - - - - - - - - - - - - - - - - 966,233 3,036,'412 11,426.254 9 5 9 , 3 55 3,005,721 11.402.905 1,162,231 3,125,221 10.596.990 (a) 1 , 3 0 2 , 0 6 2 2,915,491 (a) 2 . 3 6 9 . 2 7 2 T o t a l l o a n s and i n v e s t m e n t s , i n c l u d i n g M i l s r e d i scorn t e d w i t h F . R 3 a n k - - - 16,930,927 16,222,540 16,692,263 14,968,907 1,372,075 1,362,501 1,402,792 1,325,776 357,272 352,052 370,431 345,605 _ _ _ _ _ _ _ _ _ _ _ _ _ _ 11,260,$62 11,255,922 11,474,169 10,802,505 - - - 2,7U5,23i 2,723,222 2,524,393 1,923,494 123,272 145,274 ^2,097 524,017 762,215 2,240 756,126 1,242 272, 2k) 1,025,10% 262,399 1,060,063 13 .0 13.0 U. S* bonds t o s e c u r e c i r c u l a t i o n - - - - - - - - - - - - - - - - - - - - - - 262,929 262,735 Other U. S. Bonds i n c l u d i n g L i b e r t y bonds - - - - - - - - - - _ _ _ _ _ _ 606,601 607,127 U. S. V i c t o r y n o t e s - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 196,121 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 Reserve b a l a n c e w i t h P , R# Bank - Cash i n v a u l t Met 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 w i t h F e d e r a l Reserve Bank: Secured by U. S, war o b l i g a t i o n s - - - - - - - - - - - - - — _ _ _ _ _ _ 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 Tank: Secured by Vi S. war o b l i g a t i o n s All o t h e r t St.lUoUa. R a t i o of U* S, war s e c u r i t i e s and war l o a n . p a p e r to t o t a l l o a n s and i n v e s t ranis, i n c l u d i n g r e d i s c o u n t s w i t h F- R. Bank, p e r c e n t . 1,022,520) 2,225) 1,123,709 312,930) 227,422 7 9 9 , 1 2 2 ) ( a ) E x c l u s i v e of r e d i s c o u n t s w i t h F- RBanks. 15.8 cRe l e a s e d I f o r n u b l i c e t i o n on Monday morning, September 6, 1920; n o t e a r l i e r St-lUoUb. PRINCIPAL RESOURCE MW LIABILITY ITS IS OF ALL REPORTING t-tBIBEB BATKS IN EACH FEDERAL RESERVE DISTRICT AT CLOSE OF BUSINESS AUGUST 2 7 , 1 9 2 0 . F e d e r a l Beserve D i s t r i c t iJumber r e p o r t i n g banks U. S. bonds t o s e c u r e c i r c u f lation Other U. S . bonds i n c l u d i n g r L i b e r t y bonds ,U. S. V i c t o r y n o t e s U. S- C e r t i f i c a t e s of indebtedne ss T o t a l U. S. s e c u r i t i e s Boston 47 New York 115 Phi l a . 59 Clevel. 92 Riclzn. 22 Atlanta 47 Chicago 106 St.Louis 35 Minn. Kans.Cy . D a l l a s 51 23 35 San F r a n . 62 Total 220 12,311 46,765 11,347 42,235 28, 512 14,225 21, 550 16,924 7,371 15,421 19,573 32,635 262,929 15,584 6,166 252,300 21,357 22, 977 9,027 59,632 19,74l 33,735 7,686 28,512 4,321 54,322 43,724 13,295 2,702 9,775 1,034 25,366 4, 848 21,225 3,145 63,812 12,424 606,601 196,121 23.954 58,015 218,686 599,108 23.405 72,756 24,909 146,517 12. 206 82,139 11.163 58, 221 63.893 123,549 5.313 32,24o 2.833 21,013 9.172 54,813 6,030 49,973 • 28.201 137,072 429,771 1,501,482 Loans and i n v e s t m e n t s i n c l u d ing "bills r e d i s c o u n t e d w i t h F . R. Bank: : Loans s e c - b y U.S.war o b l i g . 47,256 468,028 86,638 7 5 , 1 5 8 3 9 , 0 1 9 29,872 101,83 8 3 2,613 16,693 2 6 , 2 6 1 9,877 32,380 966,233 Loans s e c . b y s t o c k s & bonds 181,137 1 , 2 7 4 , 0 2 5 207 , 811 329,431 107 , 237 60,792 451,103 125,709 3 0 , 2 6 6 7 9 , 9 7 6 3 9 , 5 0 3 149,428 3 , 0 3 6 , 4 1 8 , A l l ot-hor l o a n s & i n v e s t m e n t s 798.907 4 . 0 6 4 . 7 0 2 593.673 9 5 b . 6 l 1 3 8 9 . 1 3 1 4 l 6 . 3 2 2 1 . 7 6 4 . 6 9 2 4 l 4 . 2 l 4 287.824 512.469 258.787 9 6 8 , 8 7 8 11,426,85% Total leans & investments including rediscounts 1 , 0 8 5 , 9 1 5 6 , 4 0 5 , 2 6 3 960,272 1,507,739 6 1 7 , 5 2 8 565,267 2 , 5 0 1 , 1 2 2 611,396 355,796 673 , 519 358,140 1 , 2 2 7 , 7 6 4 1 6 , 9 3 0 , 9 8 7 w i t h F- B- Bank Reserve b a l a n c e w i t h F.R.Bank 21,394 655,153 66,521 99,814 36,834 31,537 192,606 42,319 17,05s 43,226 25,631 - 79,862 1,372,075 Cash i n v a u l t 23,910 114,136 17,203 31,551 16,221 13,505 62,709 8,924 9,371 14,894 10,724 27,464 357,872 Net demand d e p o s i t s 207,473 5,016,107 690,125 939,331 3 4 2 , 1 9 5 260,890 1 , 4 0 3 , 0 7 6 321,455 205,922 4 1 7 , 3 0 1 224,602 Time d e p o s i t s 143,992 452,112 37,164 372,350 1 0 7 , 6 l 4 150,421 ' Government d e p o s i t s 11,734 r . B i l l s p a y a b l e w i t h F . R . Bank: Sac. by U.S.war o b l i g a t i o n s 31,281 All other B i l l s r o d i s c c u n t e d w i t h F-B-Bank: Sec. by U.S.war o b l i g a t i o n s lS,o6l All other 47,922 59,417 7,948 11,100 2,427 2,743 12,701 379,367 - 55,334 27,34l 142 35,253 1,04-5 34,166 10 l42,097 355,109 46 , 526 33,499 12,166 39,949 3,396 37,130 2,4i5 61,896 632,417 1 1 , 2 6 0 , 9 6 2 63,963 97,238 55,19% 514,551 2,745,231 3,116 649 4,133 1,364 6,546 123*878 101,821 22,509 5,902 450 22,527 185 17,999 - 29,315 408 768,215. 2,240 19,757 235,220 9,237 75,754 2,105 50,473 6,637 59,396 1,321 24,123 2,462 63,913 272,240 1,025,104 6 2 6 , 3 6 6 124,260 R e l e a s e d f o r p u b l i c a t i o n Monday morning, September 6, 1920; n o t e a r l i e r . St.l404c. PRINCIPAL RESOURCE AND LIABILITY ITEMS OF REPORTING MEMBER BANKS IN F, R. BANK AND BRANCH CITIES AND ALL OTHER REPORTING BANKS. F . R. A l l other All F, R. Branch c i t i e s r e p o r t i n g banks City of Chicago Bank ci t i e s New York City Aug. 20 Aug. 27 Aug. 20 Aug. 27 Aug. 20 Aug. 27 Aug. 20 Aug. 27 Aug. 20 Aug. 27 208 281 282 209 329 49 329 72 49 72 Number of r e p o r t i n g banks 72,169 72,169 96,944. 99,800 1,438 99,622 96,960 1,439 37.06S U . S . bonds to secure c i r c u l a t i o n 37,053 148,044118,897 147,953 339,748 119,335 220,898 19,366 19,907 339,751 Other U.S.bonds, i n c l u d i n g L i b e r t y bor Is 218,976 100,186 51,822 101,116 37,611 57,454. 10,819 37,236 11,336 70,949 72,031 U, S, V ic to ry n o t e s 284.828 53.845 297.338 91,092 92,270 21,249 22,637 205,276 53,851 198,467 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 368,668 834,216 364,305 310,038 822,655 310,159 55,318 534,176 526,542 52,873 T o t a l U. S. s e c u r i t i e s Loans and investments 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: 140,102 64^,12496,721 139,310 96,591 722,532 68,333 438,285 730,332 439,493 415,204 485,027 412,396 489,077 341,082 2,132,137 2,108,298 1,118,608 1,087,910 333,844. 3.550.396 3 , 5 5 9 i 8 8 4 1 .053,042 1 .067,727 7,330,386 7.324,429 2,243,329 2\2)7,159 1,853,139 1,847,317 A l l o t h e r l o a n s and i n v e s t m e n t s T o t a l l o a n s and i n v e s t m e n t s inclu* r e d i s c o u n t s with F . R, Bank 5,673,831 5,621,463 1,508,092 1,528,251 11,015,510 10,989,475 3,240,384- 3,226,593 2,675,093 2 , 6 6 6 , 4 7 2 Reserve balance with F. R . Bank 616,977 600,719 137,184* 132,179 1,013,074* 998,19^ 205,070 209,294- 153,931 155,013 Cash i n v a u l t 100,653 97,552 39,374, 36,474, 203,508 197,742: 73,291 72,388 81,073 81,92% 4,521,495 4,527,824 956,278 945,639 7,865,128 7 , 8 6 1 , 7 5 k 1,781,472 1,774,814 I,6I4-,362 1,619,354* 321,554 305,843 283,528 283,332 1,251,153 1,231,811 895,947 894., 885 598,131 597,13,2 68,464 6,192 7,566 91,711 110,012 18,338 20,224- 13,829 15,038 328,951 31,317 34,034 511,964- 505,203 — 161,124 603 156,238 170 95,727 1,637 94,74-5 1,678 31,110 142,056 31,796 14.7,411 11,389 139,292 11,042 137,132: 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 F . R. Bank: Secured by U. S . war 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 with F . R, Bank; Secured by U. S, war o b l i g a t i o n s A l l other 56,395, 340,023 137,960 336,076 R a t i o of U. S. war s e c u r i t i e s and war loan paper to t o t a l loans and i n v e s t m e n t s , i n K e l u d i n g r e d i s c o u n t s with F.R.Bk,per c e n t l 6 . 4 - - - — 136,356 301,571 10,951 174,032 9,209 180,037 229,741 803.756 225,561 775,520 l6-7 7-9 7*7 13-2" 13-3 13-4 13.4 11-9 H-5
@FedFRASER