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Released f o r p u b l i c a t i o n
Friday a f t e r n o o n , April lo;
not e a r l i e r .
STATEMENT EOF. THE PRESS
S t . 4919,
F e d e r a l Reserve B o a rd ,
A p r i l 15, 1926.
CONDITION OF ME,{BE£ BANKS IN LEADING CITIES
The F e d e r a l R e s e r v e Board 1 s weekly c o n d i t i o n s t a t e m e n t of 709 r e p o r t i n g memb e r b a n k s i n l e a d i n g c i t i e s as o f A p r i l f s h o w s / e d u c t i o n o f $ 5 9 , 0 0 0 , 0 0 0 i n l o a n s
and d i s c o u n t s , and an i n c r e a s e o f $ 3 6 , 0 0 0 , 0 0 0 i n i n v e s t m e n t s .
These c h a n g e s were
accompanied by r e d u c t i o n s cf $ 1 4 0 , 0 0 0 , 0 0 0 i n n e t demand d e p o s i t s and $ 4 7 , 0 0 0 , 0 0 0
in borrowings from the F e d e r a l r e s e r v e banks.
Member b a n k s i n New York C i t y r e p o r t e d d e c l i n e s of $ 8 6 , 0 0 0 , 0 0 0 i n l o a n s and d i s c o u n t s and $ 1 5 1 , 0 0 0 , 0 0 0 i n n e t d e mand d e p o s i t s , and i n c r e a s e s o f $ 1 9 , 0 0 0 , 0 0 0 and $ 1 8 , 0 0 0 , 0 0 0 , r e s p e c t i v e l y , i n
i n v e s t m e n t s and 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 bonds d e c l i n e d $ 5 3 , 0 0 0 , 0 0 0 a t ' a l l r e p o r t i n g b a n k s and
$ 3 9 , 0 0 0 , 0 0 0 and $ 1 7 , 0 0 0 , 0 0 0 , r e s p e c t i v e l y , a t r e p o r t i n g b a n k s i n t h e New York and
Boston d i s t r i c t s .
" A l l o t h e r " l o a n s and d i s c o u n t s were $ 3 6 , 0 0 0 , 0 0 0 l e s s than a
week a g o , d e c l i n e s o f $ 4 5 , 0 0 0 , 0 0 0 i n t h e New York d i s t r i c t and $ 8 , 0 0 0 , 0 0 0 in t h e
A t l a n t a 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 b y i n c r e a s e s o f $ 1 0 , 0 0 0 , 0 0 0 i n t h e Boston
d i s t r i c t and $ 6 , 0 0 0 , 0 0 0 i n the Richmond d i s t r i c t .
T o t a l l o a n s to b r o k e r s and
d e a l e r s , s e c u r e d b y s t o c k s and bond3, made by r e p o r t i n g member banks i n New York
C i t y d e c l i n e d $ 8 6 , 0 0 0 , 0 0 0 , l o a n s f o r t h e i r own a c c o u n t b e i n g $ 9 0 , 0 0 0 , 0 0 0 l a s s t h a n
a week ago, l o a n s f o r o u t - o f - t o w n banks $ 1 2 , 0 0 0 , 0 0 0 a b o v e , and l o a n s f o r t h e
a c c o u n t of o t h e r s $ 8 , 0 0 0 , 0 0 0 below t h e amount r e p o r t e d t h e p r e v i o u s week.
H o l d i n g s o f U. S. s e c u r i t i e s were $ 4 3 , 0 0 0 , 0 0 0 l a r g e r t h a n a week a g o , t h e
p r i n c i p a l c h a n g e s i n c l u d i n g i n c r e a s e s of $ 2 0 , 0 0 0 , 0 0 0 a t r e p o r t i n g b a n n s i n t h e
Chicago d i s t r i c t , $ 1 9 , 0 0 0 , 0 0 0 i n t h e Now Yoric d i s t r i c t and $ 1 5 , 0 0 0 , 0 0 0 i n The
Boston d i s t r i c t .
H o l d i n g s o f o t h e r bonds, s t o c k s and s e c u r i t i e s d e c l i n e d
$7 , 0 0 0 , 0 0 0 , o n l y r e l a t i v e l y smali. c h a n g e s b e i n g r e p o r t e d f o r any o f one F e d e r a l
reserve d i s t r i c t s .
Net demand d e p o s i t s were $140,000,000 l o w e r than r e p o r t e d f o r t h e p r e v i o u s
week, r e d u c t i o n s of $ 1 7 9 , 0 0 0 , 0 0 0 i n the New York d i s t r i c t and $ 1 1 , 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 b e i n g p a r t l y o f f s e t by i n c r e a s e s of $ 4 1 , 0 0 0 , 0 0 0 and
$ 1 1 , 0 0 0 , 0 0 0 i n t h e Chicago and Boston 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 $ 3 8 , 0 0 0 , 0 0 0 , p r i n c i p a l l y i n t h e C l e v e l a n d and Chicago d i s t r i c t s .
The p r i n c i p a l c h a n g e s 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 s were r e d u c t i o n s o f $ 3 2 , 0 0 0 , 0 0 0 and $ 7 , 0 0 0 , 0 0 0 i n t h e Chicago and S t . L o u i s d i s t r i c t s ,
r e s p e c t i v e l y , and a n i n c r e a s e o f $ 1 1 , 0 0 0 , 0 0 0 i n t h e New York d i s t r i c t .
A summary o f 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 o f r e p o r t i n g
members 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 7 , 1926, f o l l o w s :
I n c r e a s e or decrease d u r i n r
Year
Week
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 b o n d s
Investments, t o t a l ,
U. S. s e c u r i t i e s
O t h e r bonds, s t o c k s and s e c u r i t i e s
W.
. .
. . .
-$89,000,000
-
. .
- 53,000,000
+ 36,000,000
+ 43,000,000
. . . . . - 7,000,000
+1>225,000,000
33,000,000
+ 625,000,000
+ 233,000,000
—
+
46,000,000
83,000,000
+ 129,000,000
-
Reserve b a l a n c e s w i t h F. R. Banks
Cash i n v a u l t
- 33,000,000
+ 13,000,000
+
-
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
-140,000,000
+ 3^,000,000
- 2,000,000
+ 125,000,000
+ 460,000,000
7,000,000
T o t a l accommodation a t F. R. Ban^s
- 47,000,000
+ 158,000,000
13,000,000
3,000,000
1-v-; 1^4.3ed f o r p u b l i c a t i o n F r i d a y a f t e r n o o n , A p r i l 16, 1926; n o t e a r l i e r .
PRINCIPAL RESOURCES AND LIABILITIES OF REPORTING MEMBER BANKS IN LEADING CITIES
( I n thousand3 of d o l l a r s )
R e p o r t i n g member b a n k s
A l l r e p o r t i n g member b a n k s
i n New York C i t y
Apr. 7
Mar. 31
Apr. 8
Apr. 7
Apr. 8
Mar. 31
1920
1926
1926
1926
1925
1925
Number o f r e p o r t i n g bamcs
709
Loans and d i s c o u n t s , g r o s s :
Secured by U. S. Government o b l i g a t i o n s - Secured by s t o c k s and bonds - - - - - - - A l l 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;:
U. S. Government s e c u r i t i e s - - - — Other bonds, 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 - - - - - -
164,102
710
164,138
5,3'e>972 *5^103,269
8,44g;024 *8,483,960
736
197,554
4,725,112
Ss2l4,bl5
13,962,098 14,051,567 1 3 , 1 3 7 , 2 8 4
60
60
65
50,804
51,304
71,819
2,054,696 2,099,750 1,874,086
2,338,763 2,379,578 2,248,547
St.4919a
R e p o r t i n g member b a n k s i n
Chicago
Apr . 7
Mar. 31
•flpr. 8
1926
1926
1925
46
14,767
588,197
695,167
46
11,840
592,94s
687,450
46
23,352
518,045
692,019
4,444,263 4,530,632 4,194,452 1,298,131 1,292,238 1,233,416
- -
2,523,209
2,480,163
2,606,402
870,248
850,924
927,302
148,244
130,763
190,761
- - - - — -
3,007,245
5,530,454
3,014,540
5,494,703
2,877,6l4
5,^34,016
864,625
864,440
846,077
213,679
361,923
218,758
3^9,521
199,230
389,991
- - -
19,492,552 19,546,270 1 8 , 6 2 1 , 3 0 0
1,73^,873 1,715,364 1,773,379
6,179,136 6,245,996 5,967,831 1,660,054 1,641,759 1,623,407
Reserve b a l a n c e s w i t h F. R. Banks - - - - - -
1,621,929
1,655,265
1,609,198
682,867
743,016
697,204
163,549
152,364
154,024
Cash i n v a u l t - - - - - - - - - - - - - - - -
285,121
272,422
288,502
66,417
62,203
65,139
21,144
20,937
26,601
Net demand d e p o s i t s — — —- — — — — — — —1-2—
, 7-6—
0 , 7—
54 12,901,244 12,635,199
Time d e p o s i t s — — — — — — — * — — — — — —5 , 5—1 5—
,274 5,476,941 5,055,057
Government d e p o s i t s - - - - — - - - — - 293,427
295,509
300,898
B i l l s p a y a b l e and r e d i s . w i t h F. S. Banks:
S a cured by U. S„ Gov e rnme n t o b l i g a t i ons •202,377
cat,.
116,018
4,999,087 5 , 1 5 0 , 4 6 3 4 , 9 4 6 , 4 o 5 1 , 1 3 0 , 6 6 6 1 , 0 9 0 , 3 4 6 1 , 1 0 8 , 3 7 2 :
836,291
835,248
812,868
495,874
480,435
463,937
52,067
52,067
51,779
11,362
' 11,362
74,012
57:332
47,500
10,395
11,594
4,913.
32,499
79,9991
10,896
21,291
32,964
44,558
4,185
9,103
All o t h e r - - - - - - - — _ _ _ _ _ _ _
170,422
205,606
32;b84
99,127
30,925
T o t a l b o r r o w i n g s frcrn F. R. Banks - - 420,102
215,145
106,696
88,317
373,353.
"Loans to 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 b y r e p o r t i n g
member banks in New York C i t y :
For own a c c o u n t . . .. .. . . . . . .. . .. . .
.952,326 1,047,724
For account of o u t - o f - t o w n banks . .. ... . . 1,016,156 l , 0 0 6 , 4 l l
For a c c o u n t o f o t h e r s .
510,810
518.856
T
o
t
a
l
..
.
.
.
.
.
.
.
.
.
2
,
4
8
7
,
3
5
2
2
,
5
73,051
W,
*Revised f i g u r e s .
24,418
R e l e a s e d f o r p u b l i c a t i o n F r i d a y a f t e r n o o n , A p r i l 16, 192b; n o t e a r l i e r .
•
gt
PRINCIPAL RESOURCES AND LIABILITIES OF ALL REPORTING MEMBER BANKS IN EACH FEDERAL RESERVE DISTRICT AS AT CLOSE OF BUSINESS APRIL 7 1926
(In thousands of d o l l a r s )
' '
F e d e r a l Reserve D i s t r i c t
ttrr,ber o f r e p o r t i n g banks
Loans and . d i s c o u n t s , a r o s s :
T o t a l l o a n s and d i s c o u n t s
Investments:
U. S. Government s e c u r i t i e s
O t h e r b o n d s , s t o c k s and
securities
Total investments
Boston
New York
Fhila.
Cleve.
Rich.
Ho
98
52
75
6S
mm B
A t l a n t a " Chicago
36
99
St.Louis
33
Minn. Kans.Cy. D a l l a s
24
69
49
San Fran
6b
~s
Total
tm
709
981,312 5,053,385
780,099 l > 3 3 3 , 9 / 8 519,269 525,789 2 , 0 6 6 , 8 8 7 5 3 0 , 3 9 1 237,819 4 2 5 , 8 0 0 312,908 1 , 1 9 4 , 4 b ! 1 3 , 9 6 2 , 0 9 8
167,93%
982,898
107,707
289,485
71,644
52,14]
292,238
225,791 1,164,105
246,846
344,273 60,958
53,754
451,505 105,404 42,528
393,729 2,147,003
354,553
633,758 132,602 105,897
58,4l6
72,093 111,876
56,695
260,076
2,523,209
82,011 22,432
207,638
3,007,245
467,714
5,530,454
743,743 163,820 114,621 193,887
79,127
T o t a l l o a n s and i n v e s t m e n t s l , 3 7 5 , 0 4 l 7 , 2 0 0 , 3 8 8 1 , 1 3 4 , 6 5 2 1 , 9 6 7 , 7 ) 6 6 5 1 , 8 7 1 631,686 2 , 8 1 0 , 6 3 0 6 9 4 , 2 1 1 352,44o 6 1 9 , 6 8 7 3 9 2 , 0 3 5 1 , 6 6 2 , 1 7 5 1 9 , 4 9 2 , 5 5 2
R e s e r v e b a l a n c e s w i t h F.R.Bk.
91,g43
Cash m v a u l t
21
Net demand d e p o s i t s
»359 -
74o,o64
82,492
119,971
43,022
41,696
240,124
48,491
25,398
55,013
29,799
104,Ol6
1,621,029
82,447
i6,46l
32,326
14,180
11,257
4s,368
7,708
6,344
12,833
11.225
20.611
2%s i ? i
875,495 5,563,736
Time d e p o s i t s
HOO,U79 1 , 2 4 9 , 8 7 3
Government d e p o s i t s
47,452
57,676
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:
2,748
88,000
Secured by U.S. Govt, o b l i g .
12,560
37,692
All Other
12,560
T o t a l borrowings from
F. R. Bank
15,308
125,692
Due t o b a n k s
Due f r o m banks
W„
136,781 1,078,815
45,114
104,748
749,886 1 , 0 0 5 , 9 3 2 367,563 349,919 1 , 7 1 9 , 3 6 4 4 0 5 , 0 7 5 2 1 8 , 9 2 0 479,666 2 7 5 , 3 7 6
223,898
7 8 7 , 0 5 3 209,428 2 1 8 , 4 8 1 1 , 0 2 1 , 1 1 2 216,239 110,252 147,552 9 9 , 7 8 8
35,718
36,006 11,397 1 4 , 4 5 6
26,402
9,922
5,142 10,096
8,824
749,772 1 2 , 7 6 0 , 7 5 4
830,517
30,336
5,515,274
293,427
202,877
170,482
9,637
9,617
27,703
12,681
3,576
12,325
9,071
24,037
28,335
28,326
5,011
9,973
1,640
1,254
4,784
6,233
1,015
1,362
21,357
14,422
19,254
40,384
4o,384
15,901
33,108
56,661
14,984
2,894
11,017
2,377
35,779
BANKERS' BALANCES
176,543
48,376
28,431
70,505
373,359
: CITIES
29,701
22,901
94,477 2,242,190
48,841
581,529
@FedFRASER