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STATEMENT FOR THE PH3SS St. 5331 For immediate r e l e a s e condition of imam b a m s eder'ai He s e r v e Board, A p r i l 11, 1927. ih leading c i t i e s The F e d e r a l Heserve Boar d^s c o n d i t i o n s t a t e m e n t of 5 j 2 r e p o r t i n g member banks i n l e a d i n g c i t i e s a s x>f A p r i l 6 shows i n c r e a s e s f o r t h e week of $ 3 8 , 0 0 0 , 0 0 0 i n l o a n s and d i s c o u n t s and $ 3 s , 0 0 0 , 0 0 0 i n n e t demand d e p o s i t s , t o g e t h e r w i t h d e c l i n e s of $ 3 3 , 0 0 0 , 0 0 0 i n i n v e s t m e n t s and $45,000,000 i n b o r r o w i n g s from t h e F e d e r a l r e s e r v e b a n k s . Member b a n k s i n Hew York C i t y r e p o r t e d i n c r e a s e s of $57,000,000 i n l o a n s and d i s c o u n t s , $ 4 , 0 0 0 , 0 0 0 i n i n v e s t m e n t s and r e d u c t i o n s of $ 5 0 , 0 0 0 , 0 0 0 i n n e t demand d e p o s i t s and #12,000,000 i n b o r r o w i n g s f r o m t h e F e d e r a l r e s e r v e b a n k . Loans on s t o c k s and b o n d s , i n c l u d i n g U. S. Government o b l i g a t i o n s , were $26,000,000 above t h e p r e v i o u s w e e k ' s t o t a l , an i n c r e a s e of $ 5 4 , 0 0 0 , 0 0 0 i n t h e Hew York d i s t r i c t b e i n g o f f s e t i n p a r t by r e d u c t i o n s of $16,000,000 i n t h e Chicago d i s t r i c t and $ 8 , 0 0 0 , 0 0 0 i n t h e Boston d i s t r i c t . "All o t h e r " l o a n s , and d i s c o u n t s i n c r e a s e d $ 1 2 , 0 0 0 , 0 0 0 d u r i n g t h e week, t h e p r i n c i p a l c h a n g e s c o m p r i s i n g i n c r e a s e s o£ $ 1 0 , 0 0 0 , 0 0 0 i n t h e New York d i s t r i c t and $9,000,000 i n t h e C l e v e l a n d d i s t r i c t , and a d e c l i n e of $ 1 3 , 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 . Loans t o b r o k e r s and d e a l e r s , s e c u r e d by s t o c k s and b o n d s , made by r e p o r t i n g member b a n k s i n Hew York C i t y we r e $ 3 7 , 0 0 0 , 0 0 0 above t h e March 30 t o t a l , l o a n s f o r t h e i r own account and f o r account of o u t - o f - t o w n b a n k s h a v i n g i n c r e a s e d $ 2 7 , 0 0 0 , 0 0 0 e a c h , w h i l e l o a n s f o r account of o t h e r s d e c l i n e d $ 1 7 , 0 0 0 , 0 0 0 . H o l d i n g s of U. S. Government s e c u r i t i e s i n c r e a s e d $ 1 1 , 0 0 0 , 0 0 0 . Holdings of 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 were $44,000,000 l e s s t h a n t h e amount r e p o r t e d a week ago, tjte o r i n c i p a l r e d u c t i o n s o c c u r r i n g i n t h e B o s t o n , Mew York, C l e v e l a n d , Philadelphia/dinli Francisco Federal reserve d i s t r i c t s . Het demand d e p o s i t s were $36,000,000 above t h e March 30 t o t a l , t h e p r i n c i p a l changes b e i n g i n c r e a s e s of $25,000,000 i n t h e Chicago d i s t r i c t , $19,000,000 each i n t h e B o s t o n and P h i l a d e l p h i a d i s t r i c t s and $10,000,000 i n t h e S t . Louis d i s t r i c t , and d e c l i n e s of $37,000,000 and $ 9 , 0 0 0 , 0 0 0 i n t h e Hew York and C l e v e l a n d d i s t r i c t s , r e s p e c t i v e l y . Time d e p o s i t s i n c r e a s e d $22,000,000 i n t h e Chicago d i s t r i c t and $77000,000 i n t h e P h i l a d e l p h i a d i s t r i c t and d e c l i n e d $ 1 3 , 0 0 0 , 0 0 0 and $9,000,000 i n t h e San F r a n c i s c o and Hew York d i s t r i c t s , r e s p e c t i v e l y . B o r r o w i n g s f r o m t h e F e d e r a l r e s e r v e b a n k s were $ 4 ^ , 0 0 0 , 0 0 0 lower t h a n a week ago, t h e p r i n c i p a l changes i n c l u d i n g r e d u c t i o n s of $ 2 3 , 0 0 0 , 0 0 0 i n t h e Boston d i s t r i c t , $14,000,000 each i n t h e Hew York and Chicago d i s t r i c t s , and $13,000,000 i n t h e P h i l a d e l p h i a d i s t r i c t and i n c r e a s e s of $11,000,000 e a c h i n t h e C l e v e l a n d and San F r a n c i s c o d i s t r i c t s . A summary of c h a n g e s i n t h e p r i n c i p a l a s s e t s and l i a b i l i t i e s of r e p o r t i n g memb e r s d u r i n g t h e week and t h e y e a r e n d i n g A p r i l 5, 1927, f o l l o w s : Increase or decrease Week . + $38,000,000 Loans and d i s c o u n t s , t o t a l . . . . Secured by U . S . G o v t , o b l i g a t i o n s Secured by s t o c k s and bonds . . All other . + 11,000,000 + 15,000,000 Investments, t o t a l . TJ» 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 . .. R e s e r v e b a l a n c e s w i t h F. R. Banks Cash i n v a u l t . . . . Q. T o t a l b o r r o w i n g s f r o m F. R. Banks + $435,000,000 - • 1,000,000 + 188,000,000 12,000,000 + + - 33,000,000 11,000,000 44,000,000 56,000,000 + 351,000,000 + 31,0:0,000 + 320,000,000 + 7,000,000 1,000,000 - 248,000,000 22,000,000 + 36,000,000 + 282,000,000 - 21,000,000 - 12,000,000 - 45,000,000 - 122,000,000 + 3,000,000 . . . Year + - Met 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 during + 496,000,000 PRINCIPAL RESOURCES AFD LIABILITIES OF REPORTING MB3ER BANKS IK L-l:\DI-JG CIIIES ( i n t h o u s a n d s of d o l l p r s ) R e p o r t i n g member b a n k s All r e p o r t i n g member banks i n ^lew York C i t y Apr. b j Mar. 30 | Apr. 7 Apr. 6 j Mar. 30 | Apr. 7 1927 i 1927 1 192b 1927 ! 1927 ' 1926 Humber of r e p o r t i n g banks - Loans and d i s c o u n t s : Secured by TJ. S. Government o b l i g a t i o n s Secured by s t o c k s & bonds - - - - - - All o t h e r l o a n s and d i s c o u n t s - - - - T o t a l l o a n s and d i s c o u n t s - - - - - Investments: T J. S. Government 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 - Total investments - - - - - - - - T o t a l l o a n s and i n v e s t m e n t s - - - - - - Reserve b a l a n c e s w i t h F. R. Barnes - - - Cash i n v a u l t - - - - - - - - - - - - - - 572 - 674 54 709 54 60 50,804 151,963 164,102 60,377 50,929 5,522,752 5,349,972 2,012,592 1,974,489 2,054,6961 45 46 13,532 636,373 628,611 332,51b 14,767 522,197 695,167 13,923 623,493 8,684,327 8,448,024 2,537,59o 2,528,512 2,338,7b3| 693,863 14,359,042 13,962,09s 4,610,565 4,553,930 4,444,263 1,331,339 l , 2,553,771 3,327,142 5,820,913 148,244 870,248 170,640 904,099 173,107 224,440 854,625 220,072 213,679 934,531 1,842,731 1,835,630 1,734,873 361,923 395,080 393,179 20,272,707 19,492,552 6,453,296 6,392,560 5,179,136 1,724,518 1,733,596 1,660,054 1,625,470 1,621,929 622,867 169,924 152,324 163,349 643,413 755,084 2b)+,34o 285,121 21,144 20,048 57,471 52,615 66,417 19,527 . 14,396,814 20,277,727 1,629,314 263,187 2,523,209 3,007,245 5,530,454 2,542,790 3,370,375 5,9l3,b65 1,298,131 914,205 928,526 13,006,456 6,012,055 6,009,406 13,042,483 Due f r o m banks - - - - - - - - - - - - Due t o b a n k s - - - - - - - - - - - - - - 1,179,331 3,329,590 281,820 12,760,754 5,059,594 5,109,408 4,99^,087 1,156,764 1,149,401 1,130,666 836,2C1 '~l6,220 936,201 5,516,174 49 s, 210 495,874 942,547 302,501 87,203 81,367 11,352 293,965 52,057 18,873 17,321 1,125,063 96,322 96,117 104,748 147,136 136,992 144,540 1,136,136 1,105,601 1,07S,215 374,709 355,782 4o : : ,4os 3,197,638 B i l l s p a y a b l e and r e d i s c o u n t s w i t h F.R.Banks: Sucured by U. S. Government o b l i g a t i o n s 151,344 202,877 190,754 74,012 49,450 69,650 All o t h e r - - - - - - - - - - - - - - 170,482 100,439 105,724 14,130 32,624 22,392 T o t a l b o r r o w i n g s f r o m F. R. Banks - 296,478 71,248 251,783 23,720 106,696 r 373,359 Loans t o b r o k e r s and d e a l e r s ( s e c u r e d by s t o c k s and bonds) made by r e p o r t i n g member banks i n Mew York C i t y : For own account * . . 94-1,742 968,794 958,326 For account of o u t - o f -town banks3 * * * 1,072,575 1,045,707 1 , 0 1 8 , 1 5 5 For account of o t h e r s 815,863 510,810 798,869 Total 2,840,238 2,203,312 2,487,352 On demand . . 2,175,439 2 , I 4 4 , I O I 1,635,724 On time . . . 659,211 850,628 664,799 C. 45 162,965 5,537,515 3,696,334 "iet 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 - - - - - - - - - - - • • f o r immeaiate r e l e a s e S t . 5331aR e p o r t i n g member b a n k s i n Chicago Apr. 6 j Mar. 30 Apr. 7 1926 1927 i 1927 • • • • • • » • • 12,185 9,394 21,579 19,965 13,471 33,436 10,395 10,896 21,291 For immediate r e l e a s e S t . 5331^ PRINCIPAL Hi SOURCES AND LIABILITIES OF ALL REPORTING MEMBER BASKS IN EACH FEDERAL RESERVE DISTRICT AS AT CLOSE OF BUSINESS, APRIL 6 , 19 27. ( I n t h o u s a n d s of d o l l a r s ) F e d e r a l Reserve D i s t r i c t Boston New York Phila. Cleve. Rich. A t l a n t a Chicago S t . L o u i s Minn. Kans.Cy. D a l l a s San F r a n . T o t a l Number of r e p o r t i n g b a n k s 37 92 49 71 67 34 97 31 24 06 45 59 672 Loans and d i s c o u n t s : Secured by U . S . G o v t , o b l i g . Secured by s t o c k s and bonds All o t h e r l o a n s & d i s c o u n t s 8,317 63,072 340,975 2 , 3 4 1 , 9 0 3 639,632 2 , 8 8 6 , 8 3 1 10,087 *401,495 386,480 Total loans and d i s c o u n t s 988,924 5 , 2 9 1 , 8 0 6 798,062 1 , 4 1 5 , 7 2 1 519,060 506,413 2 , 1 1 9 , 5 4 6 498,342 240,443 411,488 321,788 1 , 2 8 5 , 2 2 1 l 4 , 3 9 6 , 8 1 4 Investments: U.S. Government s e c u r i t i e s Other b o n d s , s t o c k s & s e c u r . 152,319 1 , 0 0 3 , 8 1 1 262,167 1 , 2 5 0 , 2 5 9 115,070 280,896 282,739 387,264 Total investments 4i4,48O 2,254,070 395,966 670,003 145,151 1 1 5 , 5 8 3 20,825 5,287 6,262 21,402 4,447 2,997 M39 2,502 582,915 152,233 1 1 0 , 7 1 3 S 3 9 . H O 192,099 7 5,199 1 0 7 , 2 0 1 78,838 8 1 1 , 9 8 1 3Gl,54o 389,438 1 , 2 5 9 , 0 3 4 301,796 162,247 299,S4g 240,448 72,l6o 72,991 56,617 58,966 3 0 5 , 6 l 4 77,688 464,922 120,593 13,328 314,834 957,059 162,905 5,537,515 8,096,334 6 4 , 4 l 4 107,390 55,84l 98,908 59,689 26,115 256,260 248,220 2,553,771 3,327,142 770,536 1 9 8 , 2 8 1 120,255 206,298 85,804 504,480 5,880,913 T o t a l l o a n s and i n v e s t m e n t s l , 4 0 3 , 4 l 0 7 , 5 4 5 , 8 7 6 119%,028 2 , 0 8 5 , 7 2 4 664,211 621,99© 2 , 8 9 0 , 0 8 2 696,623 360,698 617,786 4 0 7 , 5 9 2 1 , 7 8 9 , 7 0 1 2 0 , 2 7 7 , 7 2 7 Reserve b a l a n c e s v-ith F.R.Bk. cash i n v a u l t 98,248 18,695 702,17b 71,375 88,422 14,472 136,182 28,369 42,956 15,059 40,398 10,950 251,485 47,540 47,661 7, 630 25,904 5,844 54,337 12,209 31,244 9,636 110,301 21,358 1,629,314 263,187 Net 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 902,076 5 , 6 4 o , 7 8 0 428,451 1 , 3 9 6 , 8 3 1 28,403 86,212 777,4o4 1 , 0 9 3 , 1 6 4 3 8 1 , 5 ^ 338,776 1 , 7 5 1 , 8 1 8 405,712 215,569 497,660 280,99% 263,568 8 5 2 , 5 0 4 217,197 235,508 1 , 0 6 0 , 6 0 5 232,992 1 2 5 , 6 2 2 147,798 107,189 32,938 22,290 10,608 l 4 , 6 l 4 29,486 7,892 2,238 3,786 9,275 756,982 1 3 , 0 4 2 , 4 8 3 943,790 6 , 0 1 2 , 0 5 5 34,078 281,820 Dae f r o m b a n k s Dae t o banks 54,462 136,936 154,797 1 , 2 0 0 , 4 0 2 61,692 179,582 66,804 .39,344 146,334 217,485 B i l l s p a y a b l e and r e d i s c o u n t s w i t h F. R. Bank: Secured by U.S.Govt, o b l i g . 4,220 M l other 5,333 Total borrowings from F, R. Bank c. 9,553 111,690 56,153 77,183 253,644 117,390 110,568 237,804 60,430 529,489 1 5 0 , 5 7 2 43,649 126,694 9 6 , 1 9 7 211,820 1,179,63$ 3,326,2# 22,692 5,04-5 5,686 ii,6oi 4,636 12,506 23,110 18,269 3,050 600 1,835 528 3,44l 1,743 1,08 5 781 i6,o64 100,439 78,356 10,731 32,545 7,320 41,379 3,650 2,363 5,184 1,866 43,342 251,783 55,664 20,944 2,684 2,988 15,494 27,278 1 51,344
@FedFRASER