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FEDERAL RESERVE BANK OF DALLAS January 30, 1928. CONDITION OF MEMBER BANKS, DECEMBER 31, 1927 To the Member Bank Addressed: A tabulation made from member banks’ condition reports of December 31, 1927, (with only eight reports missing), shows that on th at date the total borrowings of mem ber banks in this district amounted to only $1,334,000, as compared with $10,550,000 for the corresponding date of the previous year. The distribution of borrowings on December 31, 1927, was as follows: Borrowings from Federal Reserve Bank ___________$878,000 All other borrowings____ __ ____________________ 456,000 _ The ratio of borrowings from Federal Reserve Bank to total borrowings was 66 per cent, which compares with a ratio of 45 per cent as of December 31, 1926. The condition reports indicate th at the borrowings of the member banks reached the lowest level and their deposits the highest level ever reached at any year-end since the Federal Reserve System was established. Total deposits, as reflected by the reports, amounted to $1,069,030,000, which represented an increase of $150,963,000 since June 30, 1927, and a gain of $128,737,000 as compared to December 31, 1926. COMPARATIVE STATEMENT Deposits----------------------------------------Loans------------------------------------------Bills payable and rediscounts_____________ Bills payable and rediscounts with Federal Reserve Bank_______________________ Ratio of loans to deposits_________________ December 31,1927 $1,069,030,000 684,676,000 1,334,000 878,000 64% December 31,1926 $940,293,000 652,412,000 10,550,000 4,772,000 69% Yours very truly, Governor. This publication was digitized and made available by the Federal Reserve Bank of Dallas' Historical Library (FedHistory@dal.frb.org)
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