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For immediate release

Federal Reserve Board
June 30, 1927
St. 542s

STATEMENT FOR THE PRESS
Arrangements have been perfected whereby reporting member banks
in New York City and Chicago will hereafter submit their weekly condition
reports as at close of business each Wednesday to the respective Federal
reserve banks on the following morning in time to have the combined figures
reach the Federal reserve Board and be released to the press Thursday
afternoon.

Figures showing the condition of reporting member banks in

these two cities at close of business yesterday, June 29, will therefore
be released by the Board late today.

It is not practicable to obtain

figures for all of the other weekly reporting member banks in sufficient
time to release them along with the figures for banks in New York City
and Chicago, and accordingly the complete statement showing the condition
of all weekly reporting member banks will be issued on Monday afternoons
as heretofore.

The complete statement for June 29 will be issued on

Tuesday, July 5, because of the holiday Monday.