New-York tribune., 1921-01-31
rvc System,
eaects Big Sales
|f Treasury Paper
LIZ stctcMerat Shows
,,,.ses Co arned Largely
- Allotmsaat Of $40 Mil
.ns Certificates Jan. Is
-. ...nax - WusNtMet0H 8nreow

- fs4Bexss wuahtnDt0D 8arcns
escarNCTON, Jan. 30.Allotment
.-s.,v u of mere than $4,000 600
I :ss..ury certificates and farmer
e.xslsf;ao Of commercial loans are
:En responsible for the principal
:s;ssss IN the condition on January
2 q fke sse reporting member banks,
srs~n in the Federal Reserve Boards
ss.,;a.ted statement. Purchases OF
y s,vlv issued certificates by ulti-
.za investors were unusually large,
Asrs were also the customary
A5avals Of balances by country
s.-.ssspondents -. to pay for allotted GER
80 ~ result reductions Of sse5 600 900
g a. demand deposits and of $l5,g00.-
q = time deposits are shown. Offset
,srt however, by S132,e00,000 in
Z. tassl government balances carried.
s.crts al member banks in New York
NJ shov 4 similar development for
- - week. viz: Reductions Of $50 000,-
- y h demand deposits and Of SCI 1.0o0,-
"a II time deposits, as against an in
sssass of sci, zoe 900 in government de-
fks ' hanks report also an increase of
.tont S55. .eoe, 900 in their holdings Of
F,essurv certificates, as against moder-
| - additions to United States bond
/ ~ victory note holdings, while their
issns secured by United States govern
nit obligations Indicate reduction
q n mo 900 for the week.
changes in New York City
Ii the New York City banks an in
.resse IF $4,000, 900 in certificate hold
;nrs is accompanied by a nominal in
frsase in Victory notes, a $3.000,000 de-
crease in United States bonds and an
hi 900 900 reduction In loans on gov
ernment securities. Investments In
esrporste securities show a decrease
q about s10,0e0,000 for all reporting
Senks aud an increase Of $4,000, 1000 for
lie New York City banks.
Loans supported by corporate Sc
surities show an increase of about $15,-
100000, largely in New York City,
xkile other (chie1y commercially loans
Shd discounts show a further liquida-
'sion for the week of $5s, 100000, of
which the New York banks show $10,-
eec, ,000 Since January Z, when the
item was shown for the first time,
sother loans and discounts" of all
nporting banks have fallen off $152.-
10000 and those of the New York
City banks about s23 100000. Total
leans and investments Of all reporting
Institutions show virtually no change
S compared with January ID, while
de New York banks show an increase
undsr this head Of nearly s15,000,000.
Gain in Total Accommodation
Total accommodation of the report
iag banks ut the Federal Reserve banks
increased during the week from 81 1885,
10000 to $1,934 100000, or from 1.15 to
if8 per cent of the banks aggregate
bans and investments. For the New
York City banks increases in accom-
notation at the local Reserve bank
from $719,0000 900 to 1874, ,0e0, 900 and in
he ratio of accommodation from 1872
to i4.6 per cent are shown.
In keeping with the considerable in
ueass in the borrowings from the
Federal Reserve banks, reserve bal
lnees Of the reporting banks show a
sfogth for the week of ST., ,o00, 600 (s1O,-
naaoo in New York City,. Cash in
ytuk rejecting the continuing return
fow Of Federal Reserve currency,
shows further decline of $24 4,0OO, 900
tt all reporting banks and of S8,000.-
30 for the member banks in New
Vhpt Ct$v