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FEDERAL RESERVE BOARD WASHINGTON ADDRESS OFFICIAL CORRESPONDENCE TO THE FEDERAL RESERVE BOARD May I S , 1925. s t . 4531. SUBJECT: C o n d i t i o n o f Member Banks a s o f A p r i l 6 , 1925. Dear S i r : For your i n f o r m a t i o n t h e r e i s e n c l o s e d h e r e w i t h a p r e l i m i n a r y s t a t e m e n t r e g a r d i n g the c o n d i t i o n o f a l l member banks combined a s o f A p r i l 6 , 1925. The B o a r d ' s a b s t r a c t (No. 28) s h o w i n g the d e t a i l e d f i g u r e s f o r S t a t e bank and T r u s t company members and the combined f i g u r e s f o r a l l member banks w i l l be r e a d y f o r d i s t r i b u t i o n i n the n e a r f u t u r e . Very t r u l y y o u r s , Walter L. Eddy, Secretary. Enclosure. L e t t e r t o ALL FEDERAL RESERVE AGENTS. 511 CONDITION OF MEMBEB BJtKS A3 OF APRIL 6 , 1 9 2 5 . . St.4531a, Loans and i n v e s t m e n t s o f a l l member banks reached a new r e c o r d t o t a l o f $ 2 9 , 2 8 5 , 0 0 0 , 0 0 0 on A p r i l 6 , 1925, the d a t e o f the l a t e s t c a l l f o r r e p o r t s o f c o n d i t i o n , an i n c r e a s e o f $ 2 5 8 , 0 0 0 , 0 0 0 s i n c e December 3 1 , 1 9 2 4 , and o f $ 2 , 4 5 3 , 0 0 0 , 0 0 0 s i n c e March 3 1 > o f the .same y e a r . I n c r e a s e s i n t h i s i t e m s i r c e December 31 are shown by a l l F e d e r a l r e s e r v e d i s t r i c t s e x c e p t New York f o r w h i c h a r e d u c t i o n o f $211,000,000 i s reported. Of the n e t i n c r e a s e o f $ 2 5 8 , 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 , $ 2 0 8 , 0 0 0 , 0 0 0 was i n Joans and d i s c o u n t s , $ 1 3 , 0 0 0 , 0 0 0 i n U. S. s e c u r i t i e s and $ 3 7 , 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 . The i n c r e a s e s i n c e March 31 > 1 9 2 4 , was d i v i d e d . a l m o s t e q u a l l y b e t w e e n 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 , t h e i n c r e a s e i n l o a n s and d i s c o u n t s amounting t o $ 1 , 2 1 4 , 0 0 0 , 0 0 0 , and i n i n v e s t m e n t s to $ 1 , 2 3 9 , 0 0 0 , 0 0 0 , o f which $ 3 4 6 , 0 0 0 , 0 0 0 was i n U. S. s e c u r i t i e s . T o t a l d e p o s i t s a g g r e g a t e d $ 3 1 , 2 2 7 , 0 0 0 , 0 0 0 on A p r i l 6 , a d e c r e a s e o f $ 1 , 1 3 5 , 0 0 0 , 0 0 0 from t h e t o t a l shown on December 3 1 , 1 9 2 4 , but an i n c r e a s e o f $ 2 , 9 7 9 , 0 0 0 , 0 0 0 o v e r the amount r e p o r t e d on March 3 1 , 1924. Of t h i s i n c r e a s e , $ 1 , 1 3 0 , 0 0 0 , 0 0 0 was i n demand d e p o s i t s , $ 1 , 2 3 7 , 0 0 0 , 0 0 0 i n time d e p o s i t s , $ 6 0 2 , 0 0 0 , 0 0 0 i n amounts due to b a n k s and $ 1 2 0 , 0 0 0 , 0 0 0 i n U n i t e d S t a t e s d e p o s i t s , w h i l e c e r t i f i e d and c a s h i e r s ' c h e c k s f e l l o f f $ 1 1 1 , 0 0 0 , 0 0 0 . The d e c r e a s e i n d e p o s i t s s i n c e December 3 1 , 1 9 2 4 , i s due p r i m a r i l y t o c h a r g i n g d e p o s i t o r s a c c o u n t s w i t h the r e d u c t i o n o f $ 8 o 0 , 0 0 0 , 0 0 0 i n i t e m s i n p r o c e s s o f c o l l e c t i o n i n c l u d i n g 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 which t o o k p l a c e b e t w e e n December 3 1 , and A p r i l 6 The r e d u c t i o n such i t e m s n o r m a l l y b e i n g a t a h i g h l e v e l a t t h e c l o s e o f the y e a r . i n t o t a l d e p o s i t s i n t h e Ifew York d i s t r i c t a l o n e amounted to $ 1 , 0 4 8 , 0 0 0 , 0 0 0 w h i l e e i g h t o t h e r d i s t r i c t s r e p o r t an a g g r e g a t e r e d u c t i o n o f $ 2 5 4 , 0 0 0 , 0 0 0 . The C l e v e land and A t l a n t a d i s t r i c t s show i n c r e a s e s o f about $ 8 0 , 0 0 0 , 0 0 0 e a c h and P h i l a d e l p h i a an i n c r e a s e o f a b o u t $ 7 , 0 0 0 , 0 0 0 . In the a t t a c h e d t a b l e a r e p r e s e n t e d f i g u r e s r e f l e c t i n g t h e c o n d i t i o n o f s t a t e banks and t r u s t company members and o f a l l member banks on A p r i l 6 , 1925. The f o l l o w i n g s t a t e m e n t shows c h a n g e s i n the 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 o f a l l member banks on the l a s t c a l l d a t e a s compared w i t h f i g u r e s f o r December 31, 1 9 2 4 , and March 3 1 , o f t h e same y e a r . I n c r e a s e (+) or d e c r e a s e ( - ) on A p r i l 6 , 1 9 2 5 , s i n c e December 3 1 . 1 9 2 4 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 ) United S t a t e s 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 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 ( i n c l u d i n g c e r t i f i e d and c a s h i e r s ' c h e c k s ) Time d e p o s i t s Government d e p o s i t s Dae t o banks and b a n k e r s Acceptances executed f o r customers B i l l s p a y a b l e and r e d i s c o u n t s March 1 1 . 1 9 2 4 +$208,000,000 + 13,000,000 + 37>000,000 + 258,000,000 +$1,214,000,000 + 346,000,000 + 893 >000,000 + 2,453,000,000 1,160,000,000 + 322,000,000 + 169,000,000 - 467,000,000 + 14,000,000 + 44,000,000 + 1,020,000,000 + 1,237,000,000 + 120,000,000 4 602,000,000 + 99,000,000 44,000,000 * Demand d e p o s i t s , l e s s e x c h a n g e s f o r t h e c l e a r i n g h o u s e , i t e m s w i t h t h e F e d e r a l r e s e r v e banks i n p r o c e s s o f c o l l e c t i o n and c h e c k s on o t h e r b a n k s m the same p l a c e , d e c r e a s e d o n l y $ 3 0 0 , 0 0 0 , 0 0 0 . 512 — CL — HESOURGES AND LIABILITIES OF STATE BANK AND TRUST COMPANY MEMBERS AND OF ALL MEMBER BANKS ON APRIL 6 , 1925. A l l member banks Loans and d i s c o u n t s ( i n c l u d i n g overdrafts) U. S. 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 T o t a l l o a n s and i n v e s t m e n t s Cash i n v a u l t Reserve w i t h F. R. Banks Items w i t h F e d e r a l Reserve Banks i n p r o c e s s of c o l l e c t i o n Due from banks and b a n k e r s Exchanges f o r c l e a r i n g h o u s e , and c h e c k s on o t h e r banks i n same p l a c e All other resources Total resources Demand d e p o s i t s Time d e p o s i t s 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 ' c h e c k s T o t a l d e p o s i t s ( o t h e r than bank) Due t o banks and b a n k e r s B i l l s p a y a b l e and r e d i s c o u n t s Acceptances Capital stock paid in Surplus All other l i a b i l i t i e s S t a t e bank and t r u s t company members $20,3S9>702,000 3,915,997,000 %,979,2k),ooo $7,913,10:7,000 1,305,219,000 1,841,510,000 29,224,939,000 11,059,836,000 523,297,000 2,091,545,000 818,271,000 162,292,000 588,823,000 2,090,754,000 177,284,000 505,642,000 1,211,094,000 2,158,813,000 478,198,000 927,550,000 37,949,265,000 14,129,073,000 15,849,791,000 10,126,980,000 411,619,000 5,931,185,000 4,343,643,000 756,757,000 158,858,000 354,925,000 27,145,147,000 10,788,611,000 4,081,380,000 517,587,000 1,065,088,000 25M-, 4 0 1 , 0 0 0 255,324,000 1,732,076,000 1,695,377,000 626,242,000 422,549,000 700,196,000 2,077,502,000 716,858,000 (st. 4531)
@FedFRASER