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f STATEMENT FOB THE PRESS St. 4039 Federal R e s e r v e Board, April 24, 1924. Released f o r p u b l i c a t i o n F r i d a y afternoon, April 25; not e a r l i e r . CONDITION OF MEMBER BANKS III LEADING CITIES 1' The weekly consolidated statement of condition en April lb, of 755 member baw..s in leading c i t i e s which submit weekly r e j o r t s t o the Federal Reserve Board shows in* creases of $44,000,000 in loans and investments and of $176,000,000 in net demand dep o s i t s , together with a d e c l i n e of £631000,000 in accommodation at Federal reR "r.rbanks. Loans secured by U, S. C-oveminent obligations declined by $9,000,000, loans on stocks and bonds increased by $37,000,000 and a l l other, l a r g e l y commercial, loans and discounts decreased by $22,000,000. An increase of $39,000,000 in the holdings of corporate s e c u r i t i e s is p a r t l y o f f s e t by a small reduction in holdings of U, S, s e c u r i t i e s . Member banks in !T,jw York City report an increase of $16,000,000 in loans secured by corporate stocks and bonds and reductions of $8,000,000 in loans cn U, S, securit i e s , and of e 19,000,000 in "ti.ll other" loans. Investment holdings increased, by $24,000,000, increases of $11,000,000 in U. S, bonds, and of $17,000,000 in corpor a t e stocks and bonds being p a r t l y o f f s e t by declines of $2,000,000 each in Treasury notes and c e r t i f i c a t e s of indebtedness. Net demand d e p o s i t s of a l l reporting i n s t i t u t i o n s increased by *176,000,000, of which banks located in the New York d i s t r i c t account f o r $67,000,000, banks in the Chicago d i s t r i c t - f o r $30,000,000, banks i n the Boston d i s t r i c t - f o r $29,000,000, and banks in the San Francisco d i s t r i c t - f o r $21,000,000. Time deposits show an increase of $10,000,000 and Government deposits a reduction of $13,000,000, Reserve balances of a l l reporting i n s t i t u t i o n s maintained at the Federal reserve banks increased by ,000,000, w i i l e cash in vault decreased by $9,000,000« The New York City members report decreases of $14,000,000 and $2,000,000, respectively, under these heads. Accommodation of a l l re%orting banks at the Federal reserve banks declined from $305,000,000 to $242,000,000, and of banks in New York City from s94,000,000 to $41,000,000. A summary of changes in the p r i n c i p a l ass As and l i a b i l i t i e s of .reporting members during the week and the year ending April 16, 1924, f o l l o w s : Increase or decrease during Week Loans and discounts, t o t a l Secured by U. S. Government obligations Secured by stocks and bonds All other . Year + $ 6,000,000 9,000,000 + 37,000,000 - 22,000,000 + $241,000,000 - 59,000,000 - 106,000,000 + 93,000,000 + 207,000,000 Investments, t o t a l U. S. bonds U. S. Treasury notes U. S, C e r t i f i c a t e s of indebtedness , . . , Other bonds, stocks and s e c u r i t i e s . . , . + 38,000,000 + . 6,000,000 7,000,000 - + 39,000,000 + Reserve balances with F, R. Banks Casri in v a u l t + - 3,000,000 9,000,000 + Net demand deposits Time deposits Government d e p o s i t s + 176,000,000 + 10,000,000 - 13,000,000 + 122,000,000 + 264,000,000 76,000,000 - - Total accommodation at F, R, Banks C. . . . . . 63,000,000 6,000,000 177,000,000 57,000,000 134,000,000 4,000,000 5,000,000 170,000,000 Released f o r p u b l i c a t i o n Friday afternoon, April 25, 1924; not e a r l i e r . • . 40 PRINCIPAL RESOURCE AND LIABILITY ITEMS OF REPORTING MEMBER -ANKS IN LEADING CITIES (In thousands of d o l l a r s ) Apr. 16, 1924 755 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 stocks and bonds ( o t h e r tnan U. S. s e c u r i t i e s ) - - - - - - - All other loans and d i s c o u n t s - - - - - - - - - - - - - - - - - - - - - Total loans and d i s c o u n t s - - - 227,642 3,829,657 7,998,630 253,451 3,664,912 8,038,007 277,838 3,773,046 7,770,227 12,062,136 12,055,929 11,961,370 11,821,111 271,295 1,0 72,844 272,867 1,064,729 71,645 274,278 1,042,500 85,409 282,277 1,036,385 103,036 - - - - - - - - - - - - - - - 729,773 736,864 874,010 *907,230 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 113,966 2,291,455 114,057 2,252,545 90,863 2,144,561 171,200 16,612,115 1,442,186 16,568,636 16,472,991 1,409,948 290,422 16,479,010 1,438,241 - - -- U. S. Treasury n o t e s - - - - - - - - - - - - Total loans and Oct. 17, 1923 Apr. 18, IS 770 777 216,929 3,866,32s 7,9 76,879 -- -- -- - - -- - - -- -- U. S, Liberty bends - - - - - - - - - - - - - - - - - - - - - - - - - - - U. S. Treasury bonds - - - - - - - - - - - - - - - - - - - - - - - - - - U, S. C e r t i f i c a t e s of indebtedness Other bends, stocks and s e c u r i t i e s Apr, 9 , 1924 755 d i s c o u n t s and investments Reserve balance with Federal Reserve Banks - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 2,157,771 - - - - - - - - - - - - - 273,425 1,439,107 282,217 Net demand deposits - - - - - - - - - - - - - - - - - - - - - - - - - - - Time d e p o s i t s - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 11,339,752 4,250,751 11,163,442 4,241,000 11,186,050 4,023,620 11,217,805 3,966,813 237,168 131,371 500,105 106,490 135,935 145,480 160,050 280,310 301,623 236,419 175,991 1.5 1.8 3,5 2.5 Cash in v a u l t - - - - - - - -- -- -- - - - - Government d e p o s i t s - - - - - - - - - - - - - - - - - - - - - - - - - - - B i l l s payable and r e d i s c o u n t s with Federal Reserve Banks: Secured by U. S« Government obligations - - - - - - - - - - - - - - - - Ratio of b i l l s payable and rediscounts with Federal Reserve Banks to t o t a l loans and investments, per cent - - - - - - - - - - - - - - - - - - *Includes Victory n o t e s , C. 278,631 a. 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 25, 1924; not e a r l i e r . FRB5C7PAL RESOURCE AND LIABILITY ITEMS OF ALL REPORTING MEMBER BANKS IN ( I n thousands Federal Reserve D i s t r i c t Boston New York P h i l a . Cleve. Rich* Number of r e p o r t i n g banks 43 110 55 79 76 Loans and d i s c o u n t s , g r o s s : Secured by U.S.Govt, o b l i g . 13,255 84,316 11,885 23,439 9,164 Secured by stocks & bonds 252,245 1,606,655 266,017 410,099 126,6l4 All o t : e r loans & discounts b03,0l7 2,581,481 363,7^g 720,210 340,834 St, 4039b. EACH FEDERAL RESERVE DISTRICT AS AT CLOSE OF BUSINESS? APRIL lb, 1924. of d o l l a r s ) A t l a n t a Chicago St.Louis Minn. Kans,Cy. Dallas San Fran. Total 36 104 35 26 72 52 67 755 8,645 34,105 9,457 3,410 6,473 3,579 71,254 599,809 145,491 43,6l6 84,966 63,606 348,635 l , l 6 l , 8 2 1 315,592 193,827 322,608 210,725 11,198 195,95b 814,291 218,929 3,866,*328 7,976,879 Total loans and discounts 868,517 4,272,452 641,650 1,153,748 476,612 428,534 1,795,738 470,540 240,853 4l4,137 277,910 1,021,445 12,062,13b 48,178 28,822 14, 726 51,414 10,679 tL S, Pra-war bonds 23,334 14,981 24,558 271,295 9,071 12,129 19,384 13,519 48,424 108,246 U» S* Liberty bends 100,760 24,193 15,844 36,516 12,463 510,154 78,229 26,391 14,565 97,059 1,072,844 2,l6l U« S, Treasury bonds 1,004 4,341 21,711 70,646 780 2,834 12,195 2,593 4,371 1,439 13,510 3,707 18,406 4,846 382,234 32,578 U* S, Treasury notes 38 , 784 120,350 14,748 28,575 16,302 13,874 51,537 7,539 729,773 U, S, C e r t i f i c a t e s of 30, C60 Indebtedness 6,976 7,103 8,133 22,512 2,715 4,928 17,688 4,743 1,570 113,966 3,543 3,995 Other b o n d s t o c k s and 171,261 826,697 196,476 securities 305,961 52,739 42,700 346,830 89,745 24,414 55,540 15,523 163,569 2,291,455 Total and. Easerve Cash in loans and discounts investments 1, l 6 l , 6,094, 722 939,376 1,679,510 596,979 511,118 2,422,219 622,573 323,080 539,028 345,521 1,376,613 16,612,115 665,048 71,509 balance with P. R,Bk. 8 7,346 109,092 36,232 32,232 206,899 43,019 23,966 43,280 25,666 97,897 1,442,186 20,119 vault 28,567 13,257 10,876 7,484 77,296 15,591 5,205 11,543 20,471 53,039 9,377 273,425 Net demand depos i t s 822,899 4 ,889,972 664,298 886,297 333,194 282,296 1,523,438 360,215 206,441 396,398 232,224 742,080 11,339,752 286,304 Time d e p o s i t s 951,482 132,188 623,230 164,994 181,816 816,372 200,0ol 83,010 131,590 86,419 593,285 4,250,751 Government d e p o s i t s B i l l s payable and rediscounts witii F, R* Bank: Secured by U.S.Govt, o b l i g . All other C, 14,504 61,91s 26,764 29',951 7,931 8,360 30,352 5,324 5,710 3,697 8,341 21,446 224,298 2,947 6,652 36,960 17,190 7,529 7,193 16,085 21,397 9,079 22,675 5,249 14,753 10,572 10,69s 5,257 9,648 2,262 1,093 1,996 9,920 1,175 3,46l 7,379 11,255 106,490 135,935 Released f o r p u b l i c a t i o n Friday afternoon, April 25, 1924; not e a r l i s r . PRINCIPAL RESOURCE AND LIABILITY ITEMS OF REPORTING MEMBER BANJCS IK F. R. BANK ABD BRANCH CITIES AND IN OTHER SELECTED C H ! : ~ (In thousands of d o l l a r s ) New York City Apr. l 6 Apr. 9 67 67 City of Chicago Apr. l6 Apr. 9 48 48 All F. R. Bank c i t i e s Apr. l6 Apr. 9 Number of reporting banks Loans and discounts, g r o s s : Secured by U. S. Govt* o b l i g a t i o n s 85,244 77,256 25,782 25,944 Secured by stocks and bonds 1,404,489 1,388,649 442,971 433,159 All other loans and d i s c o u n t s 2,265,108 2 , 253,72 3 667,205 657,57S Total loans and discounts 3,746,853 3.757,61b 1,126,331 1,126,308 U. S. Pre-war bonds 40,109 40,129 4,195 4,195 U» S. Liberty bonds 436,248 446,934 44,490 47,753 IL S* Treasury bonds 14,582 4,601 14,695 4,753 U* S. Treasury notes 80,495 356,597 358,390 83.543 7,753,717 U» S. C e r t i f i c a t e s of indebtedness Ot er bonds, stocks, and. s e c u r i t i e s Total loans and. discounts and investments Reserve balance with F„ R. Bank Cash in vault Net demand, deposits Time deposits Government deposits 27,919 605,913 5,238,9 0 7 5,226,185 625,640 611,495 64,758 62,559 4,366,942 4,302,294 649,616 643,081 B i l l s payable and rediscounts with F. R* Bank: Secured by U. S. Govt, obligations All other Ratio of b i l l s payable and rediscounts with F. R. Bgnk to t o t a l loans and investments, par cent 30,000 539,107 13,839 166,573 13,864 159,071 255 146,908 2,676,088 4,930,721 90,931 667,197 255 F.. R. Branch c i t i e s Apr. l6 Apr. 9 200 200 Other selected c i t i e s Apr. l6 Apr. 9 300 300 34,408 33,189 38,832 39,712 153,522 541,452 537,277 648,788 644,313 2,648,067 4,957,763 1,657,004 1,650,969 1,389,154 1,389,898 7,759,352 2,344,624 2,334,994 1,963,795 1,961,583 106,810 106,044 75,562 74,320 90,495 661,53& 237,819 2 37,694 167,828 165,499 16,735 17,311 19,741 19,331 538,229 35,003 544,152 125,775 125,647 67,065 70,345 1,229,404 71,435 1,195,165 30,989 611,352 30,089 609,433 65,769 12,632 450,699 34,170 12,533 447,947 1,440,524 1,439,487 .10,383,993 10,357,138 3,441,614 3,430,730 2 , 786,508 ^,780,768 240,186 167,853 171,321 237,706 138,631 1,033,159 1,031,068 145,035 78,076 79,675 27,412 141,190 61,352 28,931 59,411 135,938 1,002,457 994,334 7,713,325 7,590,880 1,947,706 1,922,354 1,676,721 1,650,20s , 912,669 911,619 373,403 2,062,215 2,058,056 1,276,917 1,270,275 373,391 18,869 18,176 14,018 66,906 142,905 63,217 13,343 151,393 55,125 58 , 754 26,640 14,701 64,500 29,714 8,462 3,565 9,120 3,835 55,374 59,219 89,870 75,684 .8 1.8 .£ .9 1.1 1.6 31,876 37,413 2.0 34,599 37,463 2.1 19,240 39,303 2.1 21,011 46,903 2.4
@FedFRASER