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STATEMENT FOB THE PRESS
St. )6so
F e d e r a l Reserve Board,
S e p t e m b e r 6, 1923 *
Released f o r pub; I x . t i c n
Friday afternoon, Sept. J j
not e a r l i e r .
CONDITION OF MEMBER BANKS IN LEADING CITIES
>
I n c r e a s e s of $ 3 3 , 0 0 0 , 0 0 0 i n l o a n s and i n v e s t m e n t s and o f $ 3 2 , 0 0 0 , 0 0 0 i n acconsmod a t i o n a t t h e F e d e r a l r e s e r v e b a n k s , t o g e t h e r w i t h an i n c r e a s e of $ 2 5 , 0 0 0 , 0 0 0 i n t i m e
d e p o s i t s and a d e c r e a s e of $ 9 , 0 0 0 , 0 0 0 i n n e t demand d e p o s i t s , a r e shown i n t h 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 A u g u s t 29 of
769 member b a n k s i n l e a d i n g c i t i e s .
L o a n s and d i s c o u n t s i n c r e a s e d by $ 3 1 , 0 0 0 , 0 0 0 , of w h i c h $ 2 5 , 0 0 0 , 0 0 0 was i n l o a n s
on c o r p o r a t e s t o c k s and b o n d s and $ 3 , 0 0 0 , 0 0 0 e a c h i n l o a n s on U- S. Government o b l i g a t i o n s and i n A l l o t h e r , l a r g e l y c o m m e r c i a l , l o a n s and d i s c o u n t s .
I n v e s t m e n t s of t h e
r e p o r t i n g b a n k s i n c r e a s e d by $ 2 , 0 0 0 , 0 0 0 , a d e c r e a s e of $ 1 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 b t e d n e s s b e i n g more t h a n o f f s e t by i n c r e a s e of $ 9 , 0 0 0 , 0 0 0 i n U. S . b o n d s , o f
$ 2 , 0 0 0 , 0 0 0 i n T r e a s u r y n o t e s , and of $ 1 , 0 0 0 , 0 0 0 i n 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 .
L o a n s and d i s c o u n t s of New York C i t y b a n k s show a n i n c r e a s e o f $ 4 9 , 0 0 0 , 0 0 0 f o r
t h e w e e k , of w h i c h $ 4 4 , 0 0 0 , 0 0 0 r e p r e s e n t s an i n c r e a s e i n l o a n s on c o r p o r a t e s t o c k s
and b o n d s .
U» S„ s e c u r i t i e s h e l d by t h e s e b a n k s d e c l i n e d by $ 1 2 , 0 0 0 , 0 0 0 , and o t h e r
b o n d s and s t o c k s by $ 4 , 0 0 0 , 0 0 0 .
The C h i c a g o b a n k s r e p o r t a d e c r e a s e of $ 1 1 , 0 0 0 , 0 0 0
i n l o a n s o n c o r p o r a t e s t o c k s and b o n d s , and an i n c r e a s e of $ 1 8 , 0 0 0 , 0 0 0 i n h o l d i n g s
o f Government s e c u r i t i e s , l a r g e l y i n T r e a s u r y n o t e s .
*
N e t demand d e p o s i t s and Government d e p o s i t s of a l l r e p o r t i n g b a n k s d e c l i n e d
*>y $ 9 , 0 0 0 , 0 0 0 and $ 1 1 , 0 0 0 , 0 0 0 , r e s p e c t i v e l y , w h i l e t i m e d e p o s i t s i n c r e a s e d b y
$25,000,000.
Member b a n k s i n New York C i t y r e p o r t i n c r e a s e s o f $ l 4 , 0 0 0 , 0 0 0 i n n e t
demand d e p o s i t s and o f $ 1 1 , 0 0 0 , 0 0 0 i n t i m e d e p o s i t s and a d e c r e a s e o f $ 4 , 0 0 0 , 0 0 0 i n
Goverrtaent d e p o s i t s .
The C h i c a g o b a n k s r e p o r t a n i n c r e a s e o f $ 1 3 , 0 0 0 , 0 0 0 i n n e t
demand d e p o s i t s , a n d o n l y s l i g h t c h a n g e s i n t i m e and G o v e r n m e n t d e p o s i t s .
Reserve
b a l a n c e s of a l l r e p o r t i n g b a n k s w i t h t h e F e d e r a l r e s e r v e b a n k s show a n i n c r e a s e of
$ 2 5 , 0 0 0 , 0 0 0 , of w h i c h $ 1 3 , 0 0 0 , 0 0 0 i s r e p o r t e d f o r t h e New York C i t y b a n k s and
$ 7 , 0 0 0 , 0 0 0 f o r t h e Chicago b a n k s .
B o r r o w i n g s of a l l r e p o r t i n g b a n k 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 i n c r e a s e d f r o m
$ 4 8 9 , 0 0 0 , 0 0 0 t o $ 5 2 l , 0 0 0 , 0 0 0 , o r f r o m 3 t o 3 . 2 p e r c e n t o f t h e i r t o t a l l o a n s and i n vestments.
F o r t h e member b a n k s i n New Y o r k C i t y a n i n c r e a s e i n 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 f r o m $ 1 1 2 , 0 0 0 , 0 0 0 t o $ 1 1 8 , 0 0 0 , 0 0 0 , o r f r o m 2 . 3 t o 2 . 4 p e r c e n t of
t o t a l l o a n s and i n v e s t m e n t s , i s n o t e 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 and l i a b i l i t i e s
r e p o r t i n g m e m b e r s , a s c o m p a r e d 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. 2 2 , 1923 Aug. 10. 1Q22
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 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 by s t o c k s and bonds
All other
Investments, t o t a l
U. S . b o n d s
Treasury notes
. . . . .
Treasury c e r t i f i c a t e s
O t h e r s t o c k s and b o n d s
.
.
4.
. .
,
C.
2
+
+
-
4+
. . .
T o t a l a c c o m m o d a t i o n a t F . R. Banks
4*
4*
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
N e t demand d e p o s i t s
Time d e p o s i t s
-f
4-
31
3
25
3
+
. .
25
2
11
9
+
+
-
+
+
-
+
+
942
26
160
808
13
61
123
98
159
9
14
4"
25
+
+
32
+
404
-
.
2
10
1
-
57
59
418
•
.
9
+
-
of
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 7, 1923J not e a r l i e r .
S t , 3680a
PRINCIPAL RESOURCE AND LIABILITY ITEMS OF REPORTING MEMBER BANKS IN LEADING CITIES
( I n t h o u s a n d s of d o l l a r s )
Aug. 22, 1923
769
Feb. 28, I923
777
Aug. 30, 1922
79°
230,001
3,641,374
7, £36.176-
227,398
3,616,145
7,832.964
282,521
3,799,712
7,557.140
256,370
3,481,454
7.028.215
Total loans and d i s c o u n t s - - - - - - - - - - - - - -
11,707,551
11,676,507
11,639,373
10,766,039
U, S, Pre-war bonds - - - - - - - - - - - - - - - - - - -
274,456
274,989
282,800)
U. 3. L i b e r t y bonds - - - - - - - - - - - - - - - - - - -
1,064,090
1,053,361
1,042,296)
U, S. Treasury fcendsi - - - - - - - - - - - - - - - - - -
89,792
881,155
90,781
112,2bl)
879 , 4 76
*921,058
83,362
93,060
145,704
*697,961
181,022
2.143.933
2,143.172
2.186.296
2,303,380
16,244,339
16,211,346
16,329,788
15,315,733
- - - - - - - - -
1,365,522
1,340,529
1,408,310
1,356,998
Cash in v a u l t - - - - - - - - - - - - - - - - - - - - - -
282,80 5
281,274
277,480
268,863
Net demand d e p o s i t s - - - - - - - - - - - - - - - - - - -
10,880,405
10,889,593
11,524,612
10,939,674
Time d e p o s i t s - - - - - - - - - - - - - - - - - - - - - -
4,005,773
3,981,112
3,775,827
3,588,105
121,642
132,315
100,109
178,591
269,9is
251,335
256,246
233,147
267,180
118,334
54,079
63,172
3.2
3.0
2.4
.8
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. Govt. o b l i g a t i o n s - Secured by s t o c k s and bonds (Other than
All other loans and d i s c o u n t s - - - - -
f r a & sti-ty J 3 9 t e 0 f - -
~
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - U, S. s e c u r i t i e s ) - - - - - - - - - - - - - - - - - - - -
- - - - - - - - - - -
U, S. C e r t i f i c a t e s of indebtedness
Other bonds, stocks and s e c u r i t i e s
- -
- - - - - - -
Total loans and d i s c o u n t s and investments
Reserve balance w i t h F. R. Banks - - -
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 with Federal
Secured by U. S. Govt, o b l i g a t i o n s - - All other - - - - - - - - - - - - - - - -
- - - - -
- - - Reserve
- - - - - - -
- - Banks:
- - - - -
R a t i o of b i l l s payable and r e d i s c o u n t s with F. R. Banks
t o t o t a l loans and investments, per cent - - - - - - -
Aug, 29, 1923
769
1,367,331
*Includes Victory n o t e s ,
C.
V
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 , September 7, 1 9 2 3 i
n o t
earlier.
3680b
PRINCIPAL RESOURCE AND LIABILITY ITEMS OF ALL REPORTING MEMBER BANKS IN EACH FEDERAL RESERVE DISTRICT AT CLOSE OF BUSINESS AUGUST 2 9 , 1 9 2 3 .
( 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
Boston
New York P h i 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 b a n k s
L
43
110
55
°s£curid doySuXGovtgroblig.
12,157
77,233 19,451
S e c u r e d by s t o c k s & bonds
2 3 8 , 3 8 6 1 , 4 9 0 , 9 5 8 257,132
A l l o t h e r l o a n s & d i s c c u n t s 6 2 8 . 8 1 6 2 . 5 0 9 . 4 4 9 356.350
Total loans & discounts
81
77
39
106
36
28
76
52
66
769
28,502
8,893
7,999
35,805 12,264
4,444
6,998
3,760
402,304 119,215 64,112
5 7 3 , 1 2 7 1 3 8 , 2 8 8 4 l , 3 l 6 81, {6k 5 1 , 8 o l
698.686 330.064 328,878 1 , 1 ^ , ^ 7 ? ^ 7 i 3 ^ 2 189.016 354.150 202.294
12,495
230,001
182,91I 3,641,
797,548 7.^52x112.
8 7 9 , 3 5 9 4 , 0 7 7 , 6 4 0 632,933 1 , 1 2 9 , 4 9 2 4 5 8 , 1 7 2 4 0 0 , 9 8 9 1 , 7 4 2 , 5 0 5 4 5 7 , 9 0 4 2 3 4 , 7 7 6 4 4 2 , 9 1 2 2 5 7 , 9 1 5
992,95411,707,551
u . S. P r e - w a r b o n d s
12,533
48,026
10,697
47,824
29,344
14,431
24,496
15,335
8,961
11,715
20,s6l
u . S. L i b e r t y b o n d s
80,112
472,221
44,513
117,318
32,690
14,253
100,091
23,835
11,681
49,870
14,043
U. S. T r e a s u r y b o n d s
4,812
27,480
3,271
5,227
4,ll4
1,925
12,662
9,381
1,219
4,901
1,977
12,823
89,792
u. s. Treasury notes
28,637
468,599
49,681
56,799
10,763
5,905
138,364
21,560
28,235
19,852
12,524
40,236
881,155
1,424
11,696
5,140
6,858
2,344
7,507
19,895
6,022
2,2b7
4,995
3,353
,
ll,86l
,
83,362
7 2 7 . 8 4 6 181.047
2Q7.954
51.18 7
41.249
342.664
85.116
29,137
59.934
^
10.746
U. S. C e r t i f i c a t e s of
Indebtedness
O t h e r b o n d s , s t o c k s and
securities
168.453
30,233
274,456
103,463 1 , 0 6 4 , 0 9 0
.
,
l48,600 2 , l 4 3 ^ ] ] _
T o t a l l o a n s and d i s c o u n t s
and i n v e s t m e n t s
1 , 1 7 5 , 3 3 0 5 , 8 3 3 , 5 0 8 9 2 7 , 2 8 2 1 , 6 6 1 , 4 7 2 5 B 8 , 6 l 4 4 8 6 , 2 5 9 2.,380,677 619^153 3 1 6 , 2 7 6 5 9 4 , 1 7 9 3 2 1 , 4 1 9 1 , 3 4 0 , 1 7 0 ] 6 , 2 4 4 , 3 3 9
Reserve b a l a n c e w i t h F.R.Bk,
83,921
602,981
70,773
107,19^
34,l66
30,330
200,868
39,459
22,293
48,654
21,486
Cash i n v a u l t
18,569
79,592
16,364
31,327
13,561
9,938
53,900
7,653
6,159
14,691
9,852
103,463 1,365,588
21,199
282,805
Net demand d e p o s i t s
7 8 6 , 1 1 4 4 , 5 0 9 , 9 9 4 684,238
923,308 323,443 262,74s 1,495,870 335,069 192,170 436,266 208,088
723,09710,880,405
Time d e p o s i t s
268,582
592,008 151,536 178,295
540,909 4 , 0 0 5 , 7 7 3
Government d e p o s i t s
9 0 2 , 6 3 5 104,599
779,960 191,179
87,129 134,526
74,415
19,662
33,040
12,192
6,789
5,110
5,814
15,544
3,603
$,942
1,361
3,457
12,128
121,642
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:
S e c u r e d by U . S . G o v t . o b l i g . 7,809
All Other
40,293
107,979
46,628
21,491
15,736
20,535
17,652
19,281
19,503
6,512
12,513
21,465
15,140
15,265
22,851
5,385
4,263
10,223
14,750
3,813
12,599
30,l60
29,407
269,918
251,335
St.3680c.
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 , September 7 , 1923; n o t e a r l i e r .
PRINCIPAL RESOURCE AND LIABILITY ITEMS OF REPORTING MEMBER BANKS IN F . R. BANK AND BRANCH CITIES AND IN OTHER SELECTED CITIES,
( i n t h o u s a n d s of d o l l a r s )
Other
P. R.
A l l F. R.
selected c i t i e s
Branch c i t i e s
Bank c i t i e s
New York C i t y
C i t y of Chicago
Aug. 29 Aug. 22
Aug. 29 Aug. 22
Aug. 22
Aug, 22 Aug. 29 Aug. 22
Aug. 29
Aug. 29
30 7
205
205
307
257
49
257
Number of r e p o r t i n g b a n k s
49
65
65
Loans and d i s c o u n t s , g r o s s :
40,626
36,995
40,694
37,035
68,726
28,128
27,612
152,272
149,777
66,885
Secured by U. S, Govt, o b l i g .
4
96,281
4
9
2
,
5
9
6
5
8
5
,
o
4
o
2
,
5
2
6
,
6
0
1
5
9
3
,
2
6
3
1
,
3
1
6
,
1
2
2
1
,
2
7
2
,
1
9
7
423,629
435,084 2,563,738
S e c u r e d by s t o c k s and b o n d s
1
,
3
7
0
,
8
8
6
1
,
3
6
9,029
1
,
6
0
1
,
2
9
1
1
,
6
0
4
,
9
2
0
4
,
8
6
2
,
6
4
4
668,166
2,197,710 2,195,172
A l l o t h e r l o a n s and d i s c o u n t s
667,337 4,860,370
T o t a l l o a n s and d i s c o u n t s
3,582,558 3,534,254
1,119,407 1,130,549
7,576,380
7,539,022 2,230,654
2,235,180 1,900,517 1,902.305
104,204
103,654
77,019
U; S . P r e - w a r b o n d s
37,275
38,328
4,075
4,085
93,256
94,316
76,996
U; S. L i b e r t y b o n d s
4o6,257
401,209
42,933
39,014
644,no
635,063
252,511
251,288
167,469
167,010
U. S, T r e a s u r y b o n d s
18,422
5,385
68,944
46,789
645,741
23,550
147,660
20,442
650,527
23,352
146,615
20,183
434,284
5,680
84,972
46,257
U. S, T r e a s u r y n o t e s
18,525
442,556
84,013
86,075
9,307
16,64s
6,258
7,708
33,402
43,261
33,342
33,349
16,618
16,450
521,549
525,250
163,550
163,240
1,128,315
1,130,027
591,133
589,238
424,455
423,907
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
Other 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
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
5,009,652 4,976,770
554,599
65,466
541,535
65,251
4,03.6,291 4,022,50s
618,1IS
607,168
1,426,575 1,418,925 10,172,247 10,134,219 3,354,603
238,202
943,288
962,293
138,392
130,991
6 2 , 7 78
l4i,936
142,136
29,206
28,836
1
,
8
8
8,416
1,000,820
987,550 7,376,127 7,364,178
363,946
363,970
1,952,106
1,936,127 1,197,657
3,357,284 2,717,489 2,719,843
163,83s
165,093
233,403
7
7
,
8
9
1
61,751
77,587
1,899,803 1,615,862 1,625,612
1,189,467
256,010
855,518
13,077
Government d e p o s i t s
30,69s
34,528
6,li4
6,755
78,394
86,316
30,808
32,922
12,44o
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:
S e c u r e d b y U. S. Govt, o b l i g ,
All other
80,496
37,656
84,181
28,056
10,855
6,332
3,565
12,075
156,457
158,889
150,465
l4l,S23
70,341
49,138
65,894
48,998
43,120
43,308
39,887
42,326
3.1
2.9
3.4
3.1
3.0
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, p e r cent
Wa.
2.4
2.3
1,2
1.1
3.6
@FedFRASER