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STATEMENT FOE TEE PRESS s t . 6155 For immediate r e l e a s e Federal Reserve Board, A p r i l 15, 1929 CONDITION OF WEEKLY RIPOSTING tiEjESR BANKS IN LEADING CITIES The Federal Reserve B o a r d ' s condition statement,,bf ifeekly r e p o r t i n g member banks in 101 leading c i t i e s on A p r i l 10 shows d e c l i n e s f o r the week of $167,000,000 in loans and investments, $105*000,000 i n n e t demand d e p o s i t s , $41,000,000 in time d e p o s i t s , $31,000,000 in Government d e p o s i t s and $60,000,000 in borrowings from Federal r e s e r v e banks. Loans on s e c u r i t i e s declined $115,000,000 a t r e p o r t i n g hanks i n the Hew York d i s t r i c t , $8,000*000 in the Dallas d i s t r i c t and $134,000,000 a t a l l r e p o r t ing banks. "All other" loans d e c l i n e d $25,000,000 in the Chicago d i s t r i c t and i n c r e a s e d $13,000,000 i n the New York d i s t r i c t , $11,000,000 i n the P h i l a d e l p h i a d i s t r i c t , $7,000,000 i n the Dallas d i s t r i c t and $5,000>000 a t a l l r e p o r t i n g banks. Holdings of U. S. Government s e c u r i t i e s declined $20,000,000 i n the New York d i s t r i c t , $19,000,000 in the Chicago d i s t r i c t and $52,000,000 a t a l l r e p o r t ing banks, while h o l d i n g s of o t h e r s e c u r i t i e s declined $11,000,000 i n the Now York d i s t r i c t and i n c r e a s e d $32,000,000 in the Chicago d i s t r i c t and $14,000,000 a t a l l r e p o r t i n g banks. Net demand d e p o s i t s , which a t a l l r e p o r t i n g banks were $105,000,000 below the A p r i l 3 t o t a l , d e c l i n e d $127,000,000 a t r e p o r t i n g banks in the New York d i s t r i c t , $24,000,000 i n the Cleveland d i s t r i c t and $8,000,000 i n the Boston d i s t r i c t and i n c r e a s e d $42,000,000 i n the-Chicago d i s t r i c t and $10,000,000 in the A t l a n t a d i s t r i c t . Time d e p o s i t s decreased $18,000,000 i n the New York d i s t r i c t ! ) , ; ° 2 ? ' 0 0 0 i n t h e Boston d i s t r i c t , $ 6 , 0 0 0 , 0 0 0 in the San Francisco d i s t r i c t and $41,000,000 a t a l l r e p o r t i n g banks. . ^ P r i n c i p a l changes i n borrowings from Federal r e s e r v e banks f o r the week * i ^ A e ^ r e d U C t i 0 n s 0 f $69,000,000 a t the F e d e r a l Reserve Bank of Chicago, Louis and Kn'nnn'%5 ^ $6,000,000 a t San Francisco, and i n c r e a s e s of *20,000,000 a t Cleveland and $1],000,000 i n Hew York. A summary of the 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 weekly r e p o r t i n g 1 9 2 9 7 f o l l o w s • t 0 g e t h e P W U h ° h a n g e s d u r i n g t h e meek and the year ending April 10, (In m i l l i o n s of d o l l a r s ) Loans and investments - t o t a l Loans - t o t a l On s e c u r i t i e s All o t h e r Investments - t o t a l S. Government s e c u r i t i e s Other s e c u r i t i e s Reserve with F. R. Banks Cash i n v a u l t 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 Due from banks Due to banks Borrowings from F. R. Banks I n c r e a s e or decrease since Apr.10, 1929 Apr. 3, 1929 Apr. 11.1922 22,393 -167* + 463 16,454 -129 + 646 7,382 9,073 —134* + 5* + 507 + i4o 5,939 - 38* - I83 3,024 2,915 - 52* + i4 + 44 - 227 1,672 • 238 - 16 - 2 - 129 9 -105 - 4i - 31 - 819 + 4i + 23 - 28* -116* - ,32 - 489 - 60 + 236 13,052 6,789 25s 1,151 2, 726 706 . *April 3 f i g u r e s r e v i s e d . F e d e r a l Reserve Board A p r i l 11, i g ? 9 For immediate r e l e a s e CONDITION OF WEEKLY R3P0ETING USTJBSE. 3.\2T"S III CEHEtlL EBSERVE CITIES ( i n m i l l i o n s of d o l l a r s ) Apr. 10 Aor. 3 Aor. 11 1929 1929 1928 "JEV7 YORK Loans and investments - t o t a l 7,276 7,405 7,108 J , >+21 5,521 5,262 2,705 2,713 2,819 2,702 2,607 2,655 1,254 " 1,884 1,846 1,085 369 1,106 778 1,056 789 730 55 801 52 5,202 1,162 109 5,326 1,137 122 5,609 1,109 70 Due from "banks Due to "banks 118 573 123 924 119 i,o44 Borrowings from F. R. Bank 158 135 155 915 1,631 2,832 1,021 1,652 2,839 i,i44 1,649 1,201 ^42L__ 5,562 3,994 5,018 409 5,137 426 3,06s 926 Loans - t o t a l On s e c u r i t i e s All other Investments - t o t a l U. S. Government s e c u r i t i e s .Other s e c u r i t i e s Reserve with F. R. Bank Cash in v a u l t 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 Loans on s e c u r i t i e s to "brokers and d e a l e r s : For own account For account of o u t - o f - t o w n "banks For account of o t h e r s •Total On demand On time CHIC1G0 Loans and investments - t o t a l 2,050 2,0b8 2,013 Loans - t o t a l 1,599 1,631 " 1,510 On s e c u r i t i e s 111 other Investments - t o t a l U. S. Government s e c u r i t i e s Other s e c u r i t i e s Reserve with F. R. Bank Cash in v a u l t 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 ,Due from "banks Due to banks Borrowings from F. R. Bank 907 b 92 914 717 837 673 451 437 504 182 269 201 237 221 282 169 15 166 16 177 17 1,211 64o 28 1,172 63s 31 l,26l 693 18 155 334 162 322 154 381 4o- 99 24 ( S t . 6155a) C. For immediate r e l e a s e S t . 6l 55"b PRINCIPAL RESOURCES AMD LIABILITIES OF WEEKLY REPORTING MEJCBER BANKS IN EACH FEDERAL RESERVE DISTRICT ON APRIL 10, 1929 ( i n m i l l i o n s of d o l l a r s ) Total Federal Boston New York Phila. Cleve. Rich. Reserve A t l a n t a Chicago District St. jKinn. Kansas City Louis: Dallas San Fran. Loans and i n v e s t m e n t s - t o t a l 22,393 1,510 8,523 1,268 2,212 686 650 3,330 713 385 680 491 1,944 Loans - t o t a l 16,454 1,127 6,342 942 1,529 52s 515 2,587 528 258 445 357 1,296 On s e c u r i t i e s All other 7,382 9,073 472 655 3,126 3,216 517 425 710 819 200 327 151 364 1,227 1,361 237 291 82 176 144 301 105 252 412 884 Investments - t o t a l 5,939 383 2,181 326 682 158 135 743 I85 127 236 134 648 3,024 2,915 189 194 1,188 993 105 221 328 35^ 73 85 65 70 $ 74 110 70 57 113 123 8 385 263 1,672 238 97 17 78O 68 76 14 123 28 4o 12 38 10 247 38 46 6 1 57 11 36 8 106 19 13,052 6,789 258 881 466 11 5,780 1,718 113 711 277 13 995 970 20 361 244 7 332 230 13 1,824 1,226 31 385 233 3 219 132 2 4g4 179 3 301 i4o 18 769 975 25 1,151 2,726 46 107 161 931 58 153 92 195 48 98 79 112 260 459 55 121 46 80 107 I89 58 86 143 196 70b 43 193 66 92 25 38 102 32 15 23 10 68 U. S. Govt, s e c i p - i t i e s Other s e c u r i t i e s Reserve w i t h F. R. Bank Cash i n v a u l t ITet 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 Due f r o m "banks Due to "banks Borrowings f r o m F. R. Bank W.
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