h42_19201220

STATEMENT EOE THEIPRE3S R e l e a s e d f o r p u b l i c a t i o n Monday m o r n i n g , Dec. 20;

n o t e a r l i e r ,

s t . 1 6 5 7 . F e d e r a l R e s e r v e B o a r d

December I S , 1920.

CONDITION OF MEMBER BANKS IN LEADING CITIES

L i q u i d a t i o n of 49 m i l l i o n s i n l o a n s a n d i n v e s t m e n t s , accompanied by a r e d u c t i o n of a b o u t 66 m i l l i o n s of b o r r o w i n g s f r o m F e d e r a l R e s -e r v e B a n k s , i s i n d i c a t e d 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 c o n s o l i d a t e d week ly s t a t e m e n t of c o n d i t i o n on December 10 of 823 member banks i n l e a d i n g c i t i e s .

H o l d i n g s of U n i t e d S t a t e s bonds and V i c t o r y n o t e s show an i n -c r e a s e of 5 m i l l i o n s f o r t h e week, w h i l e t h o s e of T r e a s u r y / c e r t i f i c a t e s d e c l i n e d oy 23 m i l l i o n s . As a g a i n s t a r e d u c t i o n of 4 m i l l i o n s i n l o a n s s e c u r e d by Government war o b l i g a t i o n s , l o a n s s e c u r e d by c o r -p o r a t e s t o c k s and bonds show an i n c r e a s e of 14 m i l l i o n s , w h i l e 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 commercia l l o a n s and d i s -c o u n t s , d e c l i n e d by 4 l m i l l i o n s . As a consequence of t h e s e changes , ' t h e b a n k s ' t o t a l l o a n s and i n v e s t m e n t s a r e shown 4g m i l l i o n s s m a l l e r t h a n t h e week b e f o r e . For t h e member banks i n New York C i t y t h e r e i s shown a d e c l i n e of I S m i l l i o n s i n T r e a s u r y c e r t i f i c a t e s h e l d , a c -companied by s m a l l i n c r e a s e s i n l o a n s s e c u r e d by Government war o b l i g a t i o n s and by 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 7 m i l l i o n s i n 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 a n d i n v e s t m e n t s of t h e New York members show a r e d u c t i o n of 10 m i l l i o n s f o r t h e week.

Accommodation of a l l r e p o r t i n g b a n k s a t t h e F e d e r a l R e s e r v e Banks , a s shown on t h e books of the l a t t e r , shows a r e d u c t i o n f rom 2 ,210 t o 2 , 1 4 4 m i l l i o n s , or f rom 1 3 , 3 t o 1 2 . 9 p e r c e n t of t he b a n k s ' t o t a l l o a n s a n d i n v e s t m e n t s . For t h e New York C i t y b a n k s a , d e -c r e a s e i n accommodat ion a t t he l o c a l F e d e r a l R e s e r v e Bank f r o m 865 to 823 m i l l i o n s i s shown, r e s u l t i n g i n a r e d u c t i o n of t h e r a t i o of accommodation f r o m 15>7 t b 15 p e r c e n t .

Government d e p o s i t s show b u t a nomina l d e c l i n e f o r t he week, w h i l e o t h e r demand d e p o s i t s a p p a r e n t l y i n a n t i c i p a t i o n of December 15 t a x payments i n c r e a s e d by 28 m i l l i o n s , 2J m i l l i o n s of which r e p r e s e n t s t h e i n c r e a s e f o r t he New York C i t y members . Time de-p o s i t s d e c l i n e d by 13 m i l l i o n s , t he d e c l i n e u n d e r t h i s h e a d i n New York C i t y a l o n e b e i n g s l i g h t l y l a r g e r t h a n ' t h e a g g r e g a t e d e c l i n e .

R e s e r v e b a l a n c e s show a d e c r e a s e of- 2 m i l l i o n s f o r a l l r e p o r t -i n g b a n k s and of 6 m i l l i o n s f o r t he New York C i t y members , w h i l e c a s h i n v a u l t shows a nomina l i n c r e a s e f o r a l l r e p o r t i n g b a n k s and an i n c r e a s e s l i g h t l y o v e r one m i l l i o n f o r t h e b a n k s i n New York C i t y .

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

R e l e a s e d f o r p u b l i c a t i o n Monday morninr : , December 20, M20; n o t e a r l i e r . PRINCIPAL HESOURCE Mm LIABILITY I THIS OF REPORTING MTH-.-CBER BANKS III LEADING- CITIES

(-Amounts i n t h o u s a n d s of d o l l a r s ) ~~" ~ ~ " Dec. 10, 1920 1 Dec . 3, 1920

Number of r e p o r t i n g banks - - - - - - - - - - - - - - - - - - - - - - - - - 823 823

U. S . bonds t o s e c u r e c i r c u l a t i o n - - _ _ _ _ _ _ _ _ 2 6 9 , 2 6 4 2 6 9 , 1 0 1

Other U. S . bonds i n c l u d i n g L i b e r t y bonds - _ _ _ _ _ _ _ _ _ _ _ _ _ 617 ,205 613,933

U. S- V i c t o r y n o t e s - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 197 ,569 196,279

U. 5 . 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 - t - - - - - - - - - - - - - - - 253 T 577 276.1U5

T o t a l U. S . s e c u r i t i e s - - - - - - - - _ _ _ _ _ _ _ _ _ _ _ _ 1 , 3 3 7 , 6 1 5 1 , 3 5 5 , ^ 5 8

Loans ana 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 u n t e d w i t h F.R.Banlc: Loans s e c u r e d by U. S . war o b l i g a t i o n s - - - - - - - - - - - - - - - - - - 896 ,565 900 ,878 Loans s e c u r e d by s t o c k s and bonds o t h e r than U. S. s e c u r i t i e s - - - - - - - 3 , 0 6 4 , 2 6 6 3 , 0 5 0 , 0 8 2 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 - - - - - - - - - - - - - - - - - - - - - - 1 1 . 2 8 3 . 0 9 9 1 1 . 3 2 3 . 7 6 7

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 b i l l s r e d i s c o u n t e d w i t h F .R.Bank - - - 1 6 , 5 8 1 , 5 ^ 5 16, 630,185

R e s e r v e b a l a n c e w i t h F . R. Bank - - - - - - - - - - - - - - - - - - - - - - - 1 , 3 3 0 , 2 6 ? 1,332,081

Cash i n v a u l t - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 3 7 6 , 1 9 6 375,887

Net demand d e p o s i t s - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 1 0 , 8 6 5 , 5 8 2 1 0 , 8 3 7 , 4 7 8

Time d e p o s i t s 2 , 8 0 9 , 4 7 4 2 , 8 2 2 , 2 4 0

Government d e p o s i t s - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 17 ,298 17 ,503

B i l l s p a y a b l e w i t h F e d e r a l R e s e r v e Bank: Secured by U. S . war o b l i g a t i o n s - - - - - - - - - - - - - - - - - - - - - - 630,403 623 ,018 A l l o t h e r - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 3,9 '19 2 , 4 5 5

B i l l s . r s 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. war o b l i g a t i o n s - - - - - - - - - - - - - - - - - - - - - 2 5 2 , 4 l 2 253 ,911 A l l o t h e r 1 , 2 5 7 , 4 3 1 1 , 3 3 0 , 4 5 5

R a t i o of V. S . war s e c u r i t i e s and war l o a n pape r to 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 r e d i s c o u n t s w i t h F e d e r a l Rese rve Bank, p e r c e n t - - - - - - - - - 1 1 . 8 11 -9

S t . 1 6 5 7 a •

June 11 ,1920 Dec. 12 ,1919 813

269 , 534

6o4 ,602

202,98?

581. lgQ

1 , 6 5 3 , 3 1 2

1 , 0 3 9 , 9 8 1 3 , 0 9 5 , 5 0 2

1 1 , 1 3 2 , 4 8 2

16,926,277

1 , 4 2 8 , 2 3 3

3 7 3 , 5 4 1

1 1 , 5 9 7 , 5 0 8

2,670,708

52,021

864 ,3 S3 1 ,297

2 9 1 , 3 1 9 896 ,054

796

269,850

628,728

2 5 1 , 6 2 4

792 .722

1 , 9 4 2 , 9 2 4

1 , 3 4 2 , 7 7 8 3,24Q,O62 9 . 7 0 8 . 2 9 6

14 .3

l 6 , 2 4 3 , 0 6 0

1 , 4 0 2 , 4 2 9

3 9 3 , 5 5 8

1 1 , 4 0 4 , 2 8 9

2 , 2 8 3 , 673

255 ,962

. 971 ,714 5 ,3^0

3 2 2 , 2 0 4 4 6 1 , 5 9 9

18.6


8 l e a s e d f o r p u b l i c a t i o n Monday m o r n i n g , December 20, 1920; n o t e a r l i e r - S t . 1 6 5 7 b . PRINCIPAL RESOURCE AND LIABILITY ITEMS OF ALL REPORTING MEMBER BANKS IN EACH FEDERAL RESERVE DISTRICT AT CLOSE OE BUSINESS DECEMBER 10, 1920 .

. ( A m o u n t s ' i n t h o u s a n d s of d o l l a r s )

4 s l l 4 59 93 80 4 6 . 108 35 38 83 5 1 68 823

1 2 , 7 H 4 6 , 7 9 1 11 ,347 4 2 , 4 6 4 29 ,008 l 4 , 6 3 0 21 ,548 1 6 , 2 2 1 7 , 5 7 1 1 4 , 7 5 1 19 ,573 3 2 , 6 4 9 2 6 9 , 2 6 4

2 0 , 2 3 5 5 ,843

250,746 87 ,498

3 0 , 5 3 8 9 ,469

6 2 , 1 5 2 2 0 , 1 6 5

33 ,623 6 , 7 2 8

27 ,909 4 , 1 2 5

56 ,201 3 6 , 4 5 1

1 4 , 0 3 0 2 , 7 0 b

10 ,005 1 , 0 2 1

23 ,523 5 ,203

2 2 , 7 6 1 3 , 1 5 6

6 5 , 4 8 2 1 5 , 2 0 4

6 1 7 , 2 0 5 197 ,569

1 4 . 7 1 8 105.030 14 .252 13 .256 7 , 2 7 7 6 .727 4 9 . 0 3 4 3 . 6 3 1 1 . 6 8 2 6 .862 5 . 2 5 2 2 5 . 2 5 6 253 ,577 53 ,507 490 ,065 65 ,606 132 ,037 7 6 , 6 3 6 53 , 3 9 1 163 ,234 3 6 , 5 8 8 20 ,279 50 ,339 50 ,742 139 ,191 1 , 3 3 7 , 6 1 5

F e d e r a l R e s e r v e D i s t r i c t Bos ton New York Phi l a - Cle v e l - Richnu A t l a n t a Chicago S t -Louis Minn . Ivans.Cy* D a l l a s San F r a n - T o t a l Number 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 l a t i o n Other U, S . bonds i n c l u d i n g

L i b e r t y bonds IT- S. V i c t o r y n o t e s TJ. 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 T o t a l U. S- s e c u r i t i e s

Loans and i n v e s t m e n t s i n c l u d -ing 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 . t y U .S .war o b l i g . 4 s , 1 7 9 428,733 ' 7 5 , 2 0 3 6 9 , 3 3 5 28 ,530 3 0 , 5 4 8 93,35% 3 2 , 3 9 9 1 5 , 7 6 1 29 ,232 1 0 , 2 3 1 3 4 , 4 o i 8 9 6 , 5 6 5

» Loans s e c . b y s t o c k s & bonds 193 ,890 l , 28b, i o 4 201 ,499 332 ,317 115,690 60 ,820 4 4 6 , 4 6 l 127 ,530 3 5 , 1 3 5 78 ,226 3 8 , 5 9 8 147 ,996 3 , 0 6 4 , 2 6 6 A l l o t h e r 1 oans&inves tmen t s 7 9 8 . 5 6 3 3 . 9 9 6 . 1 0 4 566 ,711 966 .070 3 84 .932 3 9 9 . 9 7 4 1 . 7 3 7 . 9 2 5 3 8 1 . 9 9 3 287.986 501.3 55 253 .902 1 ,007 . 584 1 1 . 2 8 3 . 0 9 9

T o t a l l o a n s & i n v e s t m e n t s 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 1 , 0 9 4 , 1 3 9 6 , 2 0 1 , 0 0 6 909 ,019 1 , 5 0 5 , 7 5 9 605,847 544,733 2 , 4 4 0 , 9 7 4 578 ,510 3 5 9 , 1 6 1 659 ,752 353 ,473 1 , 3 2 9 , 1 7 2 1 6 , 5 8 1 , 5 4 5

Rese rve b a l a n c e w i t h F .B.Eank 79 ,633 624 ,911 67 ,900 100,159 3 5 , 7 5 2 3 2 , 3 7 2 179 ,675 4o ,923 2 0 , l 6 3 4 3 , 7 6 0 23 ,999 81 ,020 1 , 3 3 0 , 2 6 7

Cash i n v a u l t 26 ,280 126 ,150 21 ,390 3 3 , 8 1 0 18 ,313 1 6 , 3 3 5 6 2 , 9 l 4 9 , 4 5 9 2 ,910 14 ,844 1 2 , 2 0 5 2 5 , 5 8 6 3 7 6 , 1 9 6

Net demand d e p o s i t s 774 ,810 4 , 8 5 9 , 7 2 8 674 ,531 927,626 335 ,696 2 3 9 , 5 1 1 1 , 3 0 9 , 8 3 0 3 0 9 , 1 1 0 198 ,106 395 ,757 214 ,555 626,-322 1 0 , 8 6 5 , 5 8 2

Time d e p o s i t s 158 ,53 5 431 ,152 3 2 , 7 2 8 3 ^ 7 , 4 6 9 108,193 1 5 2 , 0 8 8 644,536 130,777 7 0 , 3 6 4 100,037 58 ,108 529,487 2 , 8 0 9 , 4 7 4

Government d e p o s i t s 1 , 3 4 6 7 ,559 1 , 1 5 1 2 ,479 4 l 2 104 1 ,832 64g 267 218 155 1 , 1 2 6 1 7 , 2 9 8

B i l l s p a y a b l e w i t h F-R-Bank: Sec- by U . S . war o b i i g . 3 0 , 8 8 2 269,483 47 ,609 3 6 , 3 4 i 3 0 , 3 4 8 3 3 , 3 8 3 84 ,135 21 ,950 6 ,186 1 9 , 5 9 5 17 ,582 3 2 , 9 0 9 630,403

4 A l l Other - - 36 400 937 850 - 767 1?5 - 744 3 , 9 1 9

B i l l s r e d i s c ^ n r n t e d w i t h F .R .Bank : . S e c . by U.S .war o b l i g a t i o n s 18, 120 127,383 3 7 ,890 10 ,254 3 , 4 2 1 9 ,998 18,287 9 , 1 1 9 2 ,127 8 , l 4 o 2 , 1 8 0 5 ,493 2 5 2 , 4 1 2 A l l Other 7 4 , 9 7 7 491 ,728 25,493 3 8 , 5 0 0 3 6 , 0 2 8 6 7 , 7 8 4 241,127 53 ,o44 48 ,497 7 0 , 0 6 5 2 6 , 4 4 i 83 ,747 1 , 2 5 7 , 4 3 1


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