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STATEMENT FOE THE PRESS • For immediate r e l e a s e Lt. : 7 i 7 F e d e r a l Ecoorro ::om"c., A p r i l 23, 192L!. ' CONDITION OF ;®3ER BAMS I N LEADING CITIES The Federal Rose I've B o a r d ' s c o n d i t i o n statement of 645 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 as of A p r i l 18 shows i n c r e a s e s f o r the week of $27,000,000 i n investments, of $4,000,000 i n l o a n s and d i s c o u n t s , and of '517,000,000 i n time dep o s i t s , and d e c r e a s e s of $15,000,000 i n net demand d e p o s i t s and of 960,000,000 i n Government d e p o s i t s . Loans on s t o c k s and bonds, i n c l u d i n g United S t a t e s Government o b l i g a t i o n s , were $45,000,000 above the A p r i l 11 t o t a l at a l l r e p o r t i n g banks, i n c r e a s e s of •$48,000,000 b e i n g shown f o r the Now York d i s t r i c t and of $7,000,000 f o r t h e San Francisco d i s t r i c t , and a d e c l i n e of $7,000,000 f o r the Boston d i s t r i c t . "All Other" loans and d i s c o u n t s d e c l i n e d $42,000,000 a t a l l r e p o r t i n g banks and $29,000,000 i n t h e New York d i s t r i c t , and i n c r e a s e d $6,000,000 i n t h e Boston d i s trict. 1 Holdings of United S t a t e s Government s e c u r i t i e s , which a t a l l r e p o r t i n g banks were $21,000,000 above the A p r i l 11 t o t a l , i n c r e a s e d $14,000,000 and $7,000,000, r e s p e c t i v e l y , i n the Boston and Chicago d i s t r i c t s . Holdings of o t h e r bonds, stocks and s e c u r i t i e s wore $6,000,000 above the April 11 t o t a l . Net demand d e p o s i t s i n c r e a s e d $21,000,000 i n the No1;/ York d i s t r i c t , and dec l i n e d $10,000,000 i n t h e St. Louis d i s t r i c t , $8,000,000 each i n the Kansas City and Chicago d i s t r i c t s , and $15,000,000 at a l l r e p o r t i n g b a n k s . Time d e p o s i t s were $17,000,000 h i g h e r than a week ago at a l l r e p o r t i n g banks, and $9,000,000 h i g h e r a t r e p o r t i n g banks i n t h e New York d i s t r i c t . Government dep o s i t s d e c l i n e d i n a l l d i s t r i c t s , the t o t a l d e c l i n e b e i n g $66,000,000. : A r e d u c t i o n of $54,000,000 i n borrowings a t the New York bank and of $7,000,000 each at t h e P h i l a d e l p h i a and Cleveland r e s e r v e banks was o f f s e t by i n c r e a s e s of $15,000,000 a t the F e d e r a l r e s e r v e bank of San F r a n c i s c o , $14,000,000 each a t St. Louis and A t l a n t a , $10,000,000 a t Boston,• and $15,000,000 a t the o t h e r r e s e r v e banks. A summary of 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 645 r e p o r t i n g member banks, t o g e t h e r with changes d u r i n g the week and the year ending A p r i l 18:, 1928, f o l l o w s : ( i n thousands of d o l l a r s ) Apr. 18 1928 I n c r e a s e or decrease d u r i n g Week Year Loans and i n v e s t m e n t s - t o t a l 22,381,264 + 30,613 + 2,099,089 Loans and d i s c o u n t s - t o t a l 15,762,979 + 3,924 + 1,399,172 144,220 5,592,701 5,926,058 6,518,285 + + 2,258 43,282 4l,6i6 + + 15,612 1,010,169 4o4,6i5 26,689 + 21,021 5,66s 40,481 9.237 4- Secured by U.S.Govt, o b l i g a t i o n s Secured by stock's and bonds All other l o a n s and d i s c o u n t s Investments - t o t a l 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 Reserve with F. R, banks Cash i n v a u l t 2,996,996 3,621,289 . 1,766,793 240,851 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 13,889,932 b,840,772 168,566 Due from banks Due t o banks Borrowings from F. R. banks - t o t a l Secured by U.S.Govt, o b l i g a t i o n s All o t h e r C. 1,188,482 3,424,726 469,465 315.231 154,234 - + + — — + — — 4- + - 699.917 440,200 259,717 114,439 19,838 15.249 16,608 66,259 - 832,609 749,785 7,613 2,593 44,713 + + 25,774 215,679 *189 + 206,506 *1,008 819 4+ 130,670 75,836 + + *April 11 f i g u r e s r e v i s e d . Federal Reserve Board, April 19, 1928, For immediate r e l e a s e COKQITIOH OF WEEKLY B^PCETI^G- miKuR DT CENTRAL E3SE3VE CITIB ( i n thousands of d o l l a r s ) Apr. 18 1928 HEW YORK - 47 BAMS Itoans and i n v e s t m e n t s - t o t a l Aor. 11 1928 Apr. 20 1927 7,338,731 6,409,548 5,394,072 4,557,801 60,694 2,556,591 2,779,338 63,615 2,523,125 2,807,332 62,424 2,084,125 2,411,252 1,948.425 1,944,659 1,851,747 1,059,320 889,103 1,056,247 888,412 914,830 936,917 757,562 49,049 800,845 51,503 674,650 55,472 Het 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 5,625,960 1,117,365 50,163 5,609,072 1,109,369 69,677 5,062,450 954,133 50,764 Due from banks Due t o banks 131,000 1,252,834 118,845 1,271,886 109,775 1*098,048 qi.4QI 155.001 57,816 62,155 29,336 105,050 49,951 43,150 14,666 1,163,530 1,702,90s 1,262,563 I,i44,i44 1,649,408 1,200,918 3,994,470 7,351,046 Loans and d i s c o u n t s - t o t a l Secured toy U.S. Government o b l i g a t i o n s Secured "by s t o c k s and bonds All o t h e r l o a n s and d i s c o u n t s Investments - t o t a l U. S. Government s e c u r i t i e s Other bonds, stocks and s e c u r i t i e s Reserve with F. R. Bank Cash i n v a u l t Borrowings from F. R. bank - t o t a l Secured by U.S.Government o b l i g a t i o n s All o t h e r Loans t o b r o k e r s and d e a l e r s (secured by s t o c k s and b o n d s ) : For own account For account of out-of-town banks For account of o t h e r s Total On demand On time 912,277 1,150,922 814,864 2,878,123 3,173,886 955,115 3,068,185 926,285 2,201,997 676,126 Loans and i n v e s t m e n t s - t o t a l 2,025,728 2,022,395 1,842,546 Loans and d i s c o u n t s - t o t a l 1,504,478 1,511,683 1,400,374 13,332 773,576 717,570 14,008 777,022 720,653 690,203 697,071 521.250 228,262 292,988 510,712 221,297 289,415 442,172 184,671 257,501 177,710 16,571 176,953 16,990 175,792 20,112 1,256,551 60 2,030 12,946 1,261,103 692,516 18,012 1,202,799 574,993 10,976 161,57s 381,071 154,258 381,002 148,845 353,97.4 30,097 23,408 6,689 24,044 25,684 19,130 4,914 21,965 3,719 CHICAGO - 43 BAMS Secured by U.S.Government o b l i g a t i o n s Secured by stocks 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 Investments - t o t a l 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 Reserve with F. R. Bank 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 t o banks Borrowings from F. R. Bank - t o t a l Secured by U.S.Government o b l i g a t i o n s All other http://fraser.stlouisfed.org/ C. Federal Reserve Bank of St. Louis 13,100 ( s t ; 5757a) For immediate r e l e a s e S t . 5757b FRINCIPAL EE SOURCES AND LIABILITIES OF ALL REPORTING MEMBER BANKS IN EACH FEDERAL RESERVE DISTRICT AS AT CLOSE OF BUSINESS, APRIL 18,1928. ( i n 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 Total 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"-a-5 & i n v e s t m e n t s - t o t a l 22,381.264 1,607,501 8,570,969 1 , 2 4 6 , 9 8 1 2,185,521 692,000 627,186 3 , 2 3 3 , 2 7 9 732,403 384,578 682,311 447,022 1 , 9 7 1 , 5 1 3 Loans and d i s c o u n t s - t o t a l 15,762,979 1,114,039 6 , 1 5 4 , 5 0 1 Swcured "by US Govt o b l i g . 144,220 Secured by s t o c k s ci bonds 6',692,701 A l l o t h e r l o a n s & d i s c t s 8,926,058 824,567 1,454,598 517,093 501,906 2,308,895 509,496 251.417 446,453 339.593 1 . 3 4 0 . 4 2 1 5,?40 68,290 443,360 2,947,279 664,939 3 , 1 3 8 , 9 3 2 8/902 456,600 359.065 15,089 2,777 5,128 19,851 4,l6b 2,463 3,^8 3,4gq 660,318 170,164 125,776 1,020,790 206,069 72,012 133 , 238 86,738 779,191 344,152 371,002 1 , 2 6 8 , 2 5 4 299,261 176,942 309,657 249,356 U 757 3 70*357 965^307 6,618,285 493,46 2 2 , 4 l 6 , 4 6 8 422,4l4 730,923 174.907 125.280 924.3S4 222.Q07 l ^ . l S l 671,HQ? U.S. Sovt. s e c u r i t i e s 2,996,996 other bonas.stks. & sccur.3,621,289 192,534 I , l 6 4 , 0 o 4 300,928 1 , 2 5 2 , 4 o 4 109,117 313,297 325,626 405,297 75,766 99,1^1 61,986 63,294 379,832 86,281 544,552 136,626 68,624 110,159 64,537 125,699 77,113 30,316 345,894 285,198 84,128 l4,575 135,231 28,625 4l,498 1 2,186 4l,869 10,713 252,901 4o,io7 28,116 ,5,678 34,224 S,6l6 116,589 21,192 I n v e s t m e n t s - tot-,1 Itctiorve with F. R. Bank Cash 5n vault' Net demand d e p o s i t s ^'posits Government d e p o s i t s ^ao f r o m t a n k s Due Lo banks 1,766,793 24o,8^i 13,389,932 6,840,772 168,566 1,188,482 3,424,726 105,813 18,557 8 21,401 62,602 48,050 6,859 P ^ . g q g 107.4?q 56,973 ll,l4l 984,979 6,238,367 " 786,236 1 , 0 5 7 . 9 4 2 369,444 334,912 1,851,390 404,332 222,217 502,932 299,786 337,395 503,446 1,650,472 296,373 957,924 246,666 2k),620 1,264,418 247,265 134,470 177,011 120,781 1 , 0 0 1 , 3 2 6 12,442 55,823 9,326 12,174 5,856 12,577 20,826 4,234 2,036 3,996 7,152 22,124 6l,737 178,407 158,990 1 , 3 1 8 , 7 9 2 63,616 197,991 93,729 51,926 73,287 237,135 105,869 117,491 238,319 53,303 527,399 127,287 43,787 115,330 96,740 212,035 59,222 98,372 155,819 226,625 Borrowings from FR B k - t o t a l 469,465 4l,110 123,573 28,969 46.484 18.400 27.871 55.820 28 r Q57 11,97% IS.5^4 6,04*5 6l,7?4 Secured by u s Govt o b l i g , All other 315,231 154,234 21,388 19,722 90,301 33,272 22,850 6,119 23,733 22,751 3,027 15,373 11,719 16,152 38,333 17,487 15,904 13,053 10,890 1,088 13,175 5,359 3,857 2,183 60,054 1,670 645 36 80 4° 71 66 32 92 30 24 64 45 56 Number of r e p o r t i n g banks c.
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