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485 FEDERAL RESERVE BOARD WASHINGTON ADDRESS OFFICIAL CORRESPONDENCE TO THE FEDERAL RESERVE BOARD November 26, St. < SUBJECT: 1927. 5527 Condition of Member Banks a s of October 10, 1927. Dear S i r ; For your information there i s e n c l o s e d herewith a preliminary statement regarding the c o n d i t i o n of a l l member banks combined as of October 10, 1927. The Board's Member Bank Call Report (No. 37) showing d e t a i l e d f i g u r e s f o r a l l member banks and f o r S t a t e bank members w i l l be ready f o r d i s t r i b u t i o n in the near f u t u r e . Very t r u l y yours, E. M. McClelland, A s s i s t a n t Secretary. Enclosure. LETTER TO ALL FSBS5RAL RESERVE AGENTS* 486 CONDITION Of MEMBER BANKS A S OF OCTOBER 1 0 , 1927, St. 55Sfe L o a n s and. i n v e s t m e n t s o f a l l m e m b e r banks o n October 10 a t t a i n e d t h e n e w p e a k t o t a l o f $ 3 3 , * + 5 1 . 0 0 0 , 0 0 0 , s h o w i n g an i n c r e a s e of $ 4 & 4 > 0 0 0 , 0 0 0 since J u n e 3 0 , t h e preceding c a l l date. C e n t r a l r e s e r v e c i t y hanks reported, an increase o f $ 3 2 , 0 0 0 , 0 0 0 i n l o a n s a n d i n v e s t m e n t s , r e s e r v e c i t y h a n k s an increase of $ 2 2 9 , 0 0 0 , 0 0 0 , a n d c o u n t r y banks of $223,000,000. L o a n s a n d d i s c o u n t s including o v e r d r a f t s t o t a l e d 1 2 3 , 4 9 2 , 0 0 0 , 0 0 0 , a n i n c r e a s e o f $ 3 ^ 3 , 0 0 0 , 0 0 0 since June 30 and o f $ 5 8 5 , 0 0 0 , 0 0 0 s i n c e December 3 1 , 1 9 2 6 . T h e p r i n c i p a l c h a n g e s i n t h i s item s i n c e J u n e 3 0 w e r e i n c r e a s e s $ 1 3 2 , 0 0 0 , 0 0 0 , $ 4 5 , 0 0 0 , 0 0 9 , a n d $ 3 5 , 0 0 0 , 0 0 0 i n t h e N e w Yojrk, B o s t o n a n d D a l l a s d i s t r i c t s , r e s p e c t i v e l y , and a d e c r e a s e of $ 6 , 0 0 0 , 0 0 0 i n t h e San F r a n c i s c o d i s t r i c t . I n v e s t m e n t s i n U n i t e d S t a t e s s e c u r i t i e s were $ 6 0 , 0 0 0 , 0 0 0 more a n d i n o t h e r s e c u r i t i e s $ 8 1 , 0 0 0 , 0 0 0 more t h a n on June 3 0 , a d e c r e a s e of $ 1 4 3 , 0 0 0 , 0 0 0 i n s e c u r i t y h o l d i n g s b e i n g r e p o r t e d by b a n k s i n c e n t r a l r e s e r v e c i t i e s , and i n c r e a s e s of $ 1 2 3 , 0 0 0 , 0 0 0 $ y banks i n r e s e r v e c i t i e s and of $ l 6 l , 0 0 0 , 0 0 0 by c o u n t r y banks. ; Total d e p o s i t s aggregated $35,^50,000,000, an i n c r e a s e of $ 9 9 , 0 0 0 , 0 0 0 s i n c e jutte 30 and of $ 9 4 2 , 0 0 0 , 0 0 0 s i n c e December 3 1 . 1 9 2 6 . Demand d e p o s i t s d e c r e a s e d $ 3 6 1 , 0 0 0 , 0 0 0 s i n c e J u n e 3 0 , a d e c r e a s e o f $ 5 4 6 , 0 0 0 , 0 0 0 i n t h e New Y o r k d i s t r i c t a n d pf $ 2 6 , 0 0 0 , 0 0 0 i n the C l e v e l a n d d i s t r i c t b e i n g l a r g e l y o f f s e t b y i n c r e a s e s i n ' o t h v r d i s t r i c t s , of which the l a r g e s t were $ 5 4 , 0 0 0 , 0 0 0 i n the D a l l a s d i s t r i c t and $41,000,000 i n the Minneapolis d i s t r i c t . The d e c l i n e o f $ 3 6 1 , 0 0 0 , 0 0 0 i n demand d e p o s i t s i s a t t r i b u t a b l e i n p a r t t o a d e c r e a s e i n t h e amount o f f l o a t c a r r i e d b y memb e r banks, u n c o l l e c t e d i t e m s h a v i n g d e c r e a s e d $ 3 4 9 , 0 0 0 , 0 0 0 , p r a c t i c a l l y a l l of i t h i c h w a s i n e x c h a n g e s f o r c l e a r i n g h o u s e and c h e c k s o n o t h e r b a n k s i n same p l a c e . Time d e p o s i t s i n c r e a s e d $ 2 4 9 , 0 0 0 , 0 0 0 b e t w e e n June 3 0 and O c t o b e r 1 0 , t h e p r i n c i p a l Increases by Federal reserve d i s t r i c t s being: New Y o r k v $ 9 4 , 0 0 0 , 0 0 0 , C l e v e l a n d $ 4 5 , 0 0 0 , 0 0 0 , and B o s t o n $ 3 2 , 0 0 0 , 0 0 0 . Amounts due t o b a n k s and b a n k e r s were $ 7 9 , 0 0 0 , 0 0 0 more t h a n o n June 3 0 , 1 9 2 7 . In the attached t a b l e s are b e r banks and System f i g u r e s f o r f i g u r e s by Federal reserve d i s t r i c t s f o r a l l s t a t e bank members and f o r n a t i o n a l b a n k s . mem- Changes i n t h e p r i n c i p a l r e s o u r c e s and l i a b i l i t i e s a s compared w i t h f i g u r e s f o r June 3 0 , 1 9 2 7 , and December 3 1 , 1 9 2 6 . were a s f o l l o w s : Increase Oct. Loans & d i s c o u n t s ( i n c l . o v e r d r a f t s ) ;United States s e c u r i t i e s :Other b o n d s , s t o c k s and s e c u r i t i e s . 5 T o t a l l o a n s and i n v e s t m e n t s . . . 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 Due t o b a n k s a n d b a n k e r s . . . C e r t i f i e d and c a s h i e r s ' c h e c k s Acceptances outstanding , . . B i l l s payable and r e d i s c o u n t s . 1 0 . 1 9 2 7 June $23,492,000,000 3,856,000,000 6,103,000,000 33,451,000,000 17,374,000,000 12,459,000,000 436,000,000 4,203,000,000 978,000,000 (+) decrease ( - ) since 30.1927 D e c . 3 1 , jqgfr + $ 3 4 3 , 0 0 0 , 0 0 0 +$ 5 8 5 , 0 0 0 , 0 0 0 + 60,000,000 + 467,000,000 + 81,000,000 + 503,000,000 + 484,000,000 +1,555,000,000 -*361,000,000 265,000,000 + 249,000,000 +1,019,000,000 + 218,000,000 + 202,000,000 + 79.000,000 + 149,000,000 87,000,000 163,000,000 602,000,000 + 66,000,000 + 528,000,000 - 13,000,000 - 51,000,000 232,000,000 •Demand d e p o s i t s p l u s c e r t i f i e d a n d c a s h i e r s ' c h e c k s o u t s t a n d i n g a n ^ l e s s exchanges and o t h e r u n c o l l e c t e d i t e m s d e c r e a s e d $ 9 6 , 0 0 0 , 0 0 0 . C. mm ALL-: 30, 1927 St.5587b RESOURCES Loans and d i s c o u n t s ( i n c l u d i n g o v e r d r a f t s ) XJ. S . s e c u r i t i e s O t h e r "bonds, s t o c k s a n d s e c u r i t i e s Ibtel loans and investments Caab In v a u l t B a e e r v e w i t h F . R. B a n k s I t e m s w i t h F e d e r a l r e s e r v e "banks i n process of collection torn trrm b a n k s a n d b a n k e r s f o r c l e a r i n g house, and checks cm o t h e r "banks i n s s m e p l a c e *11 other resources Total resources I j State October 10 [ $9,115,955,000 1,183,685,000 2,153,71:.000 12,463,353,000 danosits f l e e toposits U. S . d e p o s i t s C e r t i f i e d and c a s h i e r s 1 checks See to banks and bankers Total M i l s deposits payable and rediscounts see outstanding Stock paid in # B # s s fund Ml other l i a b i l i t i e s June 30 $9,188,930,000 1,203,233,000 2,227/01,000 National October 10 Banks Jxyie 3 0 $14,375,565,000 2,672,464,000 3,93:,4f'6,000 $13,959,796,000 2»593,11^,000 3,794,926,000 12,619,164,000 20,987,435,000 20,347,8#,000 905,944,000 174,699,000 874,387.000 374,194,000 1,413,792,000 1,406,052,000 237,835,000 493,204,000 243,900,000 502,036,000 496,916,000 499,282,000 1,584,237,000 1,469,044,000 687,920,000 8S4,123,000 876,876,000 i,buc, 319,000 968,129,000 16,243,684,000 1,460,721,000 1,434,684,000 27,199,291,000 26,566,508,000 10,918,564,000 469,419,000 1,195,632,000 6,818,585,000 4,896,689,000 79,693,000 525,800,000 1,267,980,000 252,726,000 508,525,000 3,007,043,000 10,916,659,000 7,313.145,000 137.929,000 538,805,000 2.855,673,000 13,174,478,000 13,588,747,000 22,275,290,000 21,762,211,000 211,885,000 173,206,000 267,100,000 316,130,000 297 >11,000 368,042,000 ^68,537,000 800,364,000 1,498,584,000 164,943,000 1,003,228,000 15.956,427,000 mgnjWB Pwnand Batiks 6,455,862,000 4,870,816,000 * 182,749,000 304,300,000 806,124,000 777,151,000 682,489,000 774,252,000 64o.oi5.ooo 7,588,432,000 1,272,174,000 1,539,502,000 363,157,000 1,473,373.000 1,256,090,000 1,438,255,000
@FedFRASER