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FEDERAL RESERVE BOARD WASHINGTON ADDRESS OFFICIAL CORRESPONDENCE TO THE FEDERAL RESERVE BOARD F e b r u a r y 1 0 , 1925. St. 4422. t \ SUBJECT: C o n d i t i o n o f Member Banks as o f December ^1, 1924. 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 statement regarding the cond i t i o n o f a l l member b a n k s combined a s o f December 3 1 , 1924. The B o a r d ' s a b s t r a c t (No. 2 7 ) 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 con>p a n y members and the combined f i g u r e s f o r a l l memb e r b a n k s i s now i n t h e hands o f t h e p r i n t e r and w i l l b e 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 , W a l t e r L. Eddy, Secretary. Enclo sure., LETTER TO All, FEDERAL RESERVE AGENTS. St. 4428. 503 CONDITION OF MEMBER BANKS AS OF DECEMBER 3 1 , 1924. Loans and i n v e s t m e n t s of a l l member banks i n c r e a s e d $576 , 0 0 0 , 0 0 0 between Ocotber 1 0 , and December 3 1 , 1924,- and reached a n o t h e r r e c o r d t o t a l o f $ 2 9 , 0 2 7 , 0 0 0 , 0 0 0 or $ 2 , 2 3 9 , 0 0 0 , 0 0 0 e v e r the t o t a l r e p o r t e d on December 3 1 , 1923. I n c r e a s e s i n t h i s i t e m s i n c e October 10 are shown f o r 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 C l e v e l a n d and C h i c a g o , a l t h o u g h the i n c r e a s e i n the New York d i s t r i c t i s o v e r 50 p e r c e n t o f the t o t a l shown f o r a l l member b a n k s . Of the i n c r e a s e o f $ 5 7 6 , 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 , $ 3 6 2 , 0 0 0 , 0 0 0 was i n l o a n s and d i s c o u n t s , $ 8 , 0 0 0 , 0 0 0 i n U. S. s e c u r i t i e s and $ 2 0 6 , 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 December 3 1 , 19231 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 , 1 3 0 , 0 0 0 , 0 0 0 , w h i l e the i n c r e a s e i n i n v e s t m e n t s was $ 1 , 1 5 9 > 0 0 0 , 0 0 0 . T o t a l d e p o s i t s a g g r e g a t e d 7 3 2 , 3 6 2 , 0 0 0 , 0 0 0 on December 3 1 , an i n c r e a s e o f $ 1 , 5 9 0 , 0 0 0 , 0 0 0 o v e r the t o t a l shovm on O c t o b e r 10 o f t h e same y e a r , o f $ 3 > 8 7 5 , 0 0 0 , 0 0 0 o v e r the t o t a l on December 3 1 , 1923 a-nd o f $ 9 , 5 5 0 , 0 0 0 , 0 0 0 o v e r the low p o s t - w a r t o t a l o f $ 2 2 , 8 1 2 , 0 0 0 , 0 0 0 r e p o r t e d f o r A p r i l 2 8 , 1921, Of t h e i n c r e a s e o f $ 3 , 8 7 5 > 0 0 0 , 0 0 0 shown f o r t h e y e a r $ 1 , 5 2 0 , 0 0 0 , 0 0 0 was i n demand d e p o s i t s , $ 1 , 1 5 4 , 0 0 0 , 0 0 0 i n t i m e d e p o s i t s , $ 1 , 0 3 6 ,-000,000 i n amounts due t o b a n k s , $ 1 6 0 , 0 0 0 , 0 0 0 i n c e r t i f i e d and c a s h i e r s ' c h e c k s , and $ 5 , 0 0 0 , 0 0 0 i n U n i t e d S t a t e s deposits* In t h e 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 bank and t r u s t company members and o f a l l member banks on December 31, 1924. 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 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 o f a l l member banks on t h e 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 October 1 0 , 1 9 2 4 , and December 3 1 , 1 9 2 3 . I n c r e a s e (+) or d e c r e a s e ( - ) on December 31> 1 9 2 4 , s i n c e October 1 0 , 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 ) + $ 3 6 2 , 0 0 0 , 0 7 0 United S t a t e s s e c u r i t i e s + 8,000,0:0 Other b o n d s , s t o c k s and s e c u r i t i e s + 206,000,000 T o t a l l o a n s and i n v e s t m e n t s + 576,000,000 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 ) +1,383,000,000 Time d e p o s i t s + 208,000,000 B i l l s p a y a b l e and r e d i s c o u n t s + 224,000,000 Acceptances outstanding + 141,000,000 December 3 1 , 1921 +$1,130,000,000 + 262,000,000 + 897,000,000 + 2,289,000,000 + 1,680,000,000 + 1,154,000,000 361,000,000 + 72,000,000 RESOURCES AND LIABILITIES OF STATE BANK AND TRUST COMPANY MEMBERS AND OF ALL MEMBER BANKS ON DECEMBER 3 I , 1924. 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 S t a t e bank and t r u s t co mo any members $20,181,309,000 3,902,793,000 4,942,456,000 $7,855,461,000 29,026,588,000 11,042,473,000 597,472,000 2,227,569,000 189,205,000 833,183,000 724,926,000 2,339,488,000 237,993,000 560,983,000 1,935,114,000 2,135,710,000 853,521,000 900,518,000 38,956,867,000 14,617,876,000 16,684,038,000 9,804,718,000 242,452,000 1,032,431,000 6,325,863,000 T o t a l d e p o s i t s ( o t h e r t h a n bank) 2 7 , 8 1 3 , 6 8 9 , 0 0 0 11,125,472,000 4,547,963,000 656,743,000 497,705,000 2,037,481.000 1,707,486,000 1,246,083,000 258,043,000 235,909,000 703,445,000 619,266,000 429,658,000 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 R e s e r v e w i t h F. R. Banks Items w i t h F e d e r a l R e s e r v e Banks i n process 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 b a n k s 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 Dae 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 i n Surplus All other l i a b i l i t i e s 1,725,800,000 1,319,291,000 1,867,721,000 4,224,966,000 91,441,000 483,202,000 St. 4428.
@FedFRASER