New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-01-17
Items Reclassifcd
In Federal Reserve
Weekly Summary
Condition of Banks Revealed
More Clearly; Substantial
Liquidation of All Glasses
7 of Investments Reflected

From The Tf&baacs Wash.notom Rurecw
WASHINGTON. Jan 16.-The Fed
eral Reserve Board has issued the TO-
loving Statements:
Substantial liquidation of all classes
az loans aud investments. accompanied
by considerable reduAt.on in borrow
inss from Federal Reserve banks. also
large ", :ndrawals < government
funds, are indicated in the Federal Re
serve Boards statement of condition
or January of SIS member banks in
Leading cities. This statement con-
tsins certain changes in TENS to which
Secure Cireu ation,' which continues
practically without change from week
to week Mt approx mately 270 millions,
has been consolidated with item
"united States Bonds Including Liber-
ty Bonds; TEN Loans Secured By
United States War Ohliga lions" has
been changed to Loans Secured by
United States Government Obliga-
items" ard ITEM "Ail Other Loans and
Investments" has been subdivided
under two capt ons: "AIl Other Loans
and Discounts" and "Other Bonds,
Stocks and Securities"
Condition Shown Clearly
This segregation makes it possible to
show for the first time the total loans
ard discounts of reporting member
banks. also 10 approximate more close
II the amount Of commercial loans held
by these banks. Item "All Other Loans
AMI Discourse which is composed
large y OF commercial loans. amounted
on January 7 to 9.Sl7 millions, making
the total loans ano discounts 1926
millions, while item "Other Bonds,
= -, E.,
the first time, was 1869 millions.
As stated above, all classes of in
yestments show declines for the week,
loans secured by United States obliga
tons by forty-one millions, loans Sc
cured by corporate stocks and bonds by
sixty-ive mi lions, Tn ted States bonds
BY thirty three millions. Victory notes
BY four millions and Treasury certifi
Gates by forty-four millions. New
York City banks likewise show reduc
tions for all classes of loans and in
vestments, the decrease in total loans
and investments being $50 millions for
all reporting banks and ninety-two
millions for New York City members.
Reduction in Accommodation
Accommodate of reporting member
banks at Federal Reserve banks shows
q reduction for tic week from 2098
1920 millions or from 1875 to 121 per
cent of the banks total loans and in
vestments For the New York City
banks total accommodation at the
local Reserve sank shows an increase
for the week from 766 to TS8 millions,
while the ratio OF accommodp ton in
creased from 1876 to 1913 per cent.
Government deposits show decrease
Of 144 millions for the week, while
the decrease in other demand deposits
(net) was only four millions, and time
deposits show ar increase OF sc mil
lions. At the New York City banks
government deposits declined by II
millions and other demand deposits by
SO millions, while time deposits show
. gain of II millions.
In keeping with the small change in
demand deposits, the banks reserve
balances show but nominal decline
for the week. For tie New York City
banks which show a considerable de-
cline in demand deposits, decrease Of
16 millions in reserves IS shown. Cash
in vault, as the result of the continued
return flow of currency, shows an in
crease Of "a millions for al reporting
banks and Of ~ millions for the New
York City banks.