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S R & T & A R FOR T:K PRESS S t . 53'K) F e d e r a l Reserve Board A p r i l I S , 19^7, For immediate r e l e a s e CONDITI01 OF MEMBER BANKS IN LEADING CITIES The F e d e r a l Reserve ^Board^s c o r d i t i o n s t a t e m e n t of S j l 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 ' § i i o $ ' S iSfci'l.ties of $52,COO,000 i n lo&cg and d i s c o u a t e , $25,000,000 i n i n v e s t m e n t s and $22,000,000 i n Governm&nt d e n o s i t s , s c d i n c r e a s e s of $17,000,000 i n n e t demand d e p o s i t s , $23,U00,000 i n t i n e d e p o s i t s and $29,000,000 i n "borrowings f r o m t h e F e d e r a l r e s e r v e t a n k s . Member t a n k s i n ilew York C i t y r e p o r t e d d e c l i n e s of $ 7 0 , 0 0 0 , 0 0 0 . i n l o a n s a n a d i s c o u n t s , $ 4 , 0 0 0 , 0 0 0 i n i n v e s t ments and $24,000,000 i n n e t demand d e p o s i t s , t o g e t h e r f r i t h i n c r e a s e s of $24,000,000 i n time d e p o s i t s and $33,000,000 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 tank. Loans on s t o c k s and t 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 $42,000,000 below t h e p r e v i o u s w e e k ' s t o t a l , a d e c l i n e of $ 7 1 , 0 0 0 , 0 0 0 i n t h e New York d i s t r i c t t e i n g o f f s e t i n p a r t "by i n c r e a s e s of $ l 4 , 0 0 0 , u 0 0 i n t h e Chicago d i s t r i c t and $ 7 , 0 0 0 , 0 0 0 and $ 5 , 0 0 0 , 0 0 0 i n t h e Kansas C i t y and B o s t o n d i s t r i c t s , r e s p e c t i v e l y . "All o t h e r ' loans and d i s c o u n t s d e c l i n e d $10 0 0 0 , 0 0 0 , t h e p r i n c i p a l changes c o m p r i s i n g r e d u c t i o n s of $25.000,000 and $ 7 , 0 0 0 , 0 0 0 i n t h e C l e v e l a n d and Boston d i s t r i c t s , r e s p e c t i v e l y , and an i n c r e a s e of $11,000 ; COO i n t h e San F r a n cisco d i s t r i c t . Loans t o "brokers and d e a l e r s s e c u r e d "by s t o c k s and t e n d s , ma.de t y r e p o r t i n g member t a n k s i n New York C i t y v e r a $22,000,000 above t h e A p r i l 6 t o t a l , l o a n s f o r t h e i r own account h a v i n g d e c l i n e d $70 ; 000,COO, w h i l e l o a n s f o r o u t - o f town t a n k s and f o r o t h e r s i n c r e a s e d $85,000,000 and $ 7 , 0 0 0 , 0 0 0 , r e s p e c t i v e l y . Holdings of U. S. Government s e c u r i t i e s d e c l i n e d $17,000,000 d u r i n g t h e week, r e l a t i v e l y small r e d u c t i o n s t e i n g r e p o r t e d f a r most of t h e d i s t r i c t s . Holdings of o t h e r bonds, s t o c k s and s e c u r i t i e s i n c r e a s e d $7,000,000 i n t h e Chicago d i s t r i c t and d e c l i n e d $ 1 1 , 0 0 0 , 0 0 0 i n t h e C l e v e l a n d d i s t r i c t . Net demand d e p o s i t s were $17,000,000 above t h e A p r i l 5 t o t a l , t h e p r i n c i p a l changes i n c l u d i n g i n c r e a s e s of $40,000,000 i n t h e Chicago d i s t r i c t and $24,000,000 i n t h e San F r a n c i s c o d i s t r i c t , and r e d u c t i o n s of $44,000,000 and $13,000,000 i n t h e C l e v e l a n d and New York 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 $ 2 6 , 0 0 0 , 0 0 0 i n t h e New York d i s t r i c t and d e c l i n e d .$11,000,000 i n t h e Cleveland d i s t r i c t . Borrowings f r o m t h e F e d e r a l r e s e r v e t a n k s were $ 2 9 , 0 0 0 , 0 0 0 above t h e amount r e p o r t e d a week a g o , t h e l a r g e r i n c r e a s e of $42,000,000 r e p o r t e d t y t a n k s i n t h e New York 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 t y a r e d u c t i o n of £ 2 1 , 0 0 0 , 0 0 0 t y t a n k s i n t h e Chicago d i s t r i c t . 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 13, 1927, f o l l o w s : Increase or decrease 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 bonds . . . . All other . . . . Investments, t o t a l IJ. 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 Reserve b a l a n c e s w i t h F. R. Banks Cash i n v a u l t C. - - 4+ + + 47,000,000 7,000,000 — + 17,000,000 20,000,000 22,000,000 - 34,000,000 29,000,000 - 107,000,000 + . . 4- $448,000,000 5,000,000 + 246,000,000 4- 207,000,000 - - — . . $52,000,000 7,000,000 35,000,000 10,000,000 Year 25,000,000 17,000,000 8,000,000 — 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 T o t a l b o r r o w i n g s from F. R. Banks - during 4- - _ 256,000,000 19,000,000 275,000,000 35,000,000 16,000,000 4* 1 6 1 , 0 0 0 , 0 0 0 + 526,000,000 PRINCIPAL iOLSOTBCSS AltD LIABILITIES OF REPOEII2TG MEMBER BAIIKS l a LEADI1TG CITIES A l l r e p o r t i n g member b a n k s i Apr. 13 | 1927 i Apr. 6 1927 • Apr. l 4 ! 1926 70s 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 - - - - - - - 111 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 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 - - - - - - - - R e p o r t i n g member b a n k s i n Sfew York C i t y Apr. 13 Apr. 6 | Anr. l 4 1927 1927 I 1926 .tor immediate r e l e a s e S t , *53 *40a R e p o r t i n g member b a n k s i n Chicago Apr. 6 Apr. 13 Apr. l 4 1927 1927 192b 59 156,131 162,965 161,351+ 56,184 60,377 49,325 13,767 14,190 13,983 5,502,263 5,537,515 5,256,418 1,940,471 2,012,592 1,938,780 636,527 623,493 607,537 8,685,201 2,696,334 8,479,341 2,543,657 2,537,596 2,352,634 636.742 693,863 698,990 14,344,600 1 4 , 3 9 6 , 8 1 4 1 3 , 8 9 7 , 1 1 3 4 , 5 4 0 , 3 1 2 4 , 6 1 0 , 5 6 5 4 , 3 4 0 , 7 3 9 1 , 3 4 9 , 2 8 4 1 , 3 3 1 , 3 3 9 1 , 3 0 8 ^ 6 9 " 2,536,139 3,319,268 5,355,407 2,553,771 3,327,142 5,880,913 2,554,944 914,205 894,025 914,393 3,044,699 924,223 928,526 889,503 5,599,643 1,838,616 1,842,731 1,783,528 169,449 226,775 396,224 173,107 220,072 393,179 166,325 214,515 330,900 Reserve b a l a n c e s w i t h F. R. Banks - - - - Cash i n v a u l t - - - - - - - - - - - - - - - 20,200,007 20,277,727 1 9 , 4 9 6 , 7 5 6 6 , 3 7 8 , 9 2 8 5 , 4 5 3 , 2 9 6 6 , 1 2 4 , 2 6 7 1 , 7 4 5 , 5 0 8 1 , 7 2 4 , 5 1 3 1 , 6 3 9 , 3 6 9 1,675,824 1,629,314 1,710,999 643,413 162,658 763,152 725,347 169,934 157,145 285,438 263,187 6 4 , 8 5 4 20,436 269,955 57,471 57,913 22,497 19,527 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 13,059,044 13,042,483 12,897,703 5,035,736 5,059,594 5,001,492 1,139,583 1,156,754 1 , 1 5 1 , 8 5 1 9b0,211 9 3 6 , 2 0 1 814,093 516,220 6,031,562 6 , 0 1 2 , 0 5 5 5 , 5 0 5 , 1 2 7 515,335 503,09b 231,820 294,416 16,118 31,367 260,167 52,067 74,979 17,321 11,352 Dae f r o m b a n k s Due t o b a n k s - 1,204,330 3,246,946 1,179,831 3,329,290 110,449 96,322 109,521 1,072,769 1,136,136 1,108,619 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 P.R.Banks: Secured by 7 J.S, Government o b l i g a t i o n s - 82,000 151,344 131,447 49,450 255,32s 139,453 All other - - - - - - - - - - - - - - - 100,439 2 5 , 1 4 4 12,600 22,398 132,179 ^Ii035_ T o t a l b o r r o w i n g s from F. R. Banks - - 230,488 107,144" 71,848 144,047 251,733 387,507 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 b a n k s i n New York C i t y : For own account 399,211 968,79.4 376,765 For a c c o u n t of o u t - o f - t o w n b a n k s 1,157,116 1,072,575 1,051,37s For a c c o u n t of o t h e r s 306,288 522,696 798,369 Total 2,862,615 2 , 8 4 0 , 2 3 3 2 , 4 5 1 , 3 3 9 On demand. 2,1Q8,39S 2 , 1 7 5 , 4 3 9 1 , 6 1 3 , 1 5 6 C. On time 664,217 838,133 664,799 153,731 370,764 147,136 374,709 156,112 396,112 4,270 3,292 7,562 12,185 9,394 21,579 6,220 10,039 "16,259 For immediate r e l e a s e ^ Faiifvix'Aij ^ou-JBvEt, AbiD LIASILi'ildS OF ALL REPORTING- MEMBER BASKS IN EACH FEDERAL RESERVE DISTRICT AS AT CLOSE OF BUSINESS, APRIL 13,1927— ( i n t h o u s a n d s of d o l l a r s ) — ./jfeaera-i. r e s e r v e D i s t r i c t B o s t o n New York Phi l a . Cleve. Rich. A t l a n t a Chicago S t . Louis Minn. Kans.Cy. D a l l a s San F r a n . T o t a l Number vf r e p o r t i n g banks 36 92 49 71 67 34 97 31 66 45 59 6 71 24 Loans and d i s c o u n t s ; Secured, "by u.S- Govt, o b l i g . 7,44g 58,796 10.076 20,466 5,l4l 5-,494 21,00o 4,464 2,992 4,31b 2,515 13,4l6 156,131 Secured % « bocks and bonds 3 ^ , 5 ^ 7 2 , 2 7 4 , 5 9 1 4ox,720 581,469 152,303 1 0 9 , 5 4 4 253,396 1 9 4 , 4 6 2 76,610 1 1 3 , 7 5 0 79,219 318,757 5 , 5 0 2 , 2 6 8 A i l ofcuer l o a n s & d i s c o u n t s d32,90o 2 , 8 9 1 . 5 6 0 3 8 3 . 8 a 782,910 362,956 393,530 1 , 2 6 2 , 9 2 0 297,856 l 5 l , 2 2 3 3 0 2 , 2 1 3 241,090 968,216 8 , 6 8 5 , 2 0 1 Tofca.L l o a n s and d i s c o u n t s Investments: U.S. Ocvsrrment s e c u r i t i e s v t a e r -onc.s.sGucics & s e c u r . Total investments 986,902 5 , 2 2 4 , 9 4 7 800,61?' 1 , 3 8 4 , 8 4 5 520,300 508,568 2 , 1 3 7 , 3 2 2 496,782 2^0,325 420,279 3 2 2 , 8 2 4 1 , 3 0 0 , 3 3 9 l 4 , 3 4 4 , 6 0 0 148,657 3,005.-344 2oj,,3^5 1 • 2 46,74o 111,739 280,42; 411,982 2 , 2 5 2 090 392,162 276,899 376,562 70,484 72,190 54,281 58,488 302,580 79,025 471,708 121,523 64,4xx X07.447 56,8X0 9 8 , 5 2 8 53,241 25,826 257,031 247,139 653,461 142,674 112,769 T o t a l loan:; and i n v e s t m e n t s 1 , 3 9 8 , 8 8 4 7 , 4 7 7 , 0 3 7 3,192,779 2 , 0 3 8 , 3 0 c 662,974 621,337 Reserve o a j a r c e s w i t h F.R.Bk. 9 8 , 7 8 8 789, k>4 82,349 120,4o6 40,470 ^3 9 , 1 0 2 3 0 , 2 0 5 14,143 1 22,,0 1 5 Cash i n v a v j t . 19,008 72,369 17,511 46,299 30,487 ^9[93s 9,938 108,824 22,'069 22,069 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 906,893 5,627,502 429,245 X,422,4o6 26,174 79,439 405,470 212,221 49.8,630 286,509 233,829 126,634 147,699 1 0 6 , 4 3 4 27.334 77 ,. 22 77 22 p.f)R7 88 ,. 55 44 55 33 ,. 44 33 77 2,057 780,890 947,742 11.icq 31,399 Due f r o m b a n k s Due t o b a n k s 62,511 152,097 152,376 1 , 1 3 5 , 3 5 4 776,286 1 , 0 4 9 , 6 3 7 381,082 341,710 261 ; 561 841 ,307 217,321 237,038 30,356 20,499 9,809 13,796 62,423 9 9 , 4 3 0 53,847 71,997 179,877 250,832 114,452 113,782 2,536,239 3,3X9,268 200,548 121,221 205,975 8 4 , 0 6 7 504,170 697,330 562,046 0 2 6 , 2 5 4 4 o 6 , 3 9 i 1 , 8 0 4 , 5 5 9 48,037 7,819 61,459 147,356 22,102 6,024 53,968 1122,,555555 49,103 1 2 9 , 0 6 4 9 1 , 7 2 5 218,056 vv 65,774 97,973 , q ^'269",955 ± y 260,167 153,457 225,803 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: *»<• i f j ^ g:gg 37,858 7,278 ^ ^ ^ ^ 20,469 5,8X7 2,279 ^ T o t a l "borrowings f r o m F. R. Bank C. 12,44l 120,841 11,011 13,997 5,101 1,870 4l,52b 280,438
@FedFRASER