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STATEMENT FOE THE PEESS Peleased f o r p u b l i c a t i o n Priiiay a f t e r n o o n , A p r i l 3> not e a r l i e r . S t . 4484 F e d e r a l r e s e r v e Board , A p r i l 2, 1925• CONDITION OF MEMBER BANKS IN LEADING CITIES The Federal Reserve B o a r d ' s consolidated, s t a t e m e n t of c o n d i t i o n on March 25 of 737 member banks i n l e a d i n g c i t i e s shows d e c r e a s e s of $71 ,000,000 in l o a n s and d i s counts, $40,000,000 i n i n v e s t m e n t s , $291,000,000 i n n e t demand d e p o s i t s and 550,000,000 i n r e s e r v e b a l a n c e s , t o g e t h e r w i t h an i n c r e a s e of $23,000,000 i n b o r rowings from t h e F e d e r a l r e s e r v e banks. Member banks i n New York City r e p o r t d e c l i n e s of $48,000,000 i n loans and d i s c o u n t s , $6,000,000 in i n v e s t m e n t s , $109,000,000 i n n e t demand d e p o s i t s , and an i n c r e a s e of $28,000,000 i n borrowings from t h e F e d e r a l r e s e r v e bank. Loans and d i s c o u n t s d e c l i n e d $46,000,000 in t h e New York d i s t r i c t , $30,000,000 in t h e Chicago d i s t r i c t , $12,000,000 in the San F r a n c i s c o d i s t r i c t and $7,000,000 i n the Boston d i s t r i c t . I n c r e a s e s of $9,000,000, $8,000,000 and $7,000,000, r e s p e c t i v e l y , a r e shown f o r t h e Kansas C i t y , P h i l a d e l p h i a elnd Cleveland, d i s t r i c t s . Investments in U. S. s e c u r i t i e s f e l l o f f $53,000,000 during t h e week, a l l F e d e r a l r e s e r v e d i s t r i c t s except Kansas City and. D a l l a s showing r e d u c t i o n s . The l a r g e s t r e d u c t i o n , $19,000,000, was r e p o r t e d f o r t h e New York d i s t r i c t . Investments i n o t h e r bonds, s t o c k s and s e c u r i t i e s went up $13,000,000, p r i n c i p a l l y a t r e p o r t i n g member banks i n the New York d i s t r i c t . Net demand, d e p o s i t s show c o n s i d e r a b l e r e d u c t i o n s i n most F e d e r a l r e s e r v e d i s t r i c t s , t h e l a r g e s t r e d u c t i o n , $121,000,000, b e i n g shown for New York. Reserve b a l a n c e s d e c l i n e d by $22,000,000 i n the New York d i s t r i c t and $18,000,000 i n t h e Cleveland d i s t r i c t . Small r e d u c t i o n s a r e shown f o r a l l the o t h e r d i s t r i c t s except Chicago, which r e p o r t s an i n c r e a s e of $13,000,000. The p r i n c i p a l changes i n borrowings from t h e F e d e r a l r e s e r v e banks a r e i n c r e a s e s of $29,000,000 and $15,000,000, r e s p e c t i v e l y , i n the New York and Chicago d i s t r i c t s , and a d e c r e a s e of $12,000,000 f o r t h e Cleveland d i s t r i c t . A summary of changes 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 cf r e p o r t i n g members d u r i n g t h e week and the y e a r ending March 25, 19 25 j f e l l o w s : Increase or decrease Week during - Year 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 stocks and bonds . . . . . All o t h e r - $71,000,000 - 30,000,000 - 41,000,000 + $1,075,000,000 5,000,000 + 937,000,000 + 143,000,000 Investments, t o t a l U. 5. bonds . . . . U. S. Treasury n o t e s U. S. T r e a s u r y c e r t i f i c a t e s . . . . . Other bonds, s t o c k s and. s e c u r i t i e s . . + 40,000,000 29,000,000 18,000,000 6,000,000 13,000,000 + + + + 963,00 0,000 642,000,000 294,000,000 7,000,000 603,000,000 Reserve b a l a n c e s w i t h F. R. Banks Cash i n v a u l t + 50,000,000 4,000,000 + 173,000,000 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 - 291,000,000 + 60,000,000 - + + + 1,417,000,000 798,000,000 80,000,000 T o t a l accommodation a t F. R. Banks . . . + - 35,000,000 . . . 23,000,000 net e a r l i e r ^ j-ieldia-tico t o r pao-Licavion f r i d a y a f t e r n o o n , April 3> PRINCIPAL RESOURCES AND LIABILITIES Of REPORTING MEMBER BANKS IN LEADING CITIES (in thousands of d o l l a r s ) Reporting member banks in All r e p o r t i n g member banks New York City Mar. 26 Mar. 18 Mar. Mar. 25 Mar. 18 Mar. 25 1924 1924 1925 1925 1925 1925 66 67 66 756 737 Number of r e p o r t i n g banks . . . . . 737 Loans and d i s c o u n t s , g r o s s : 64,430 76,606 202,842 75,096 * 207,564 202, 736 Secured by U.S.Gov't, o b l i g a t i o n s 1,441,106 1,943,464 1,9 57,655 4,826,590 3,859,632 4,796,510 Secured, by s t o c k s and bonds - - 2,306,392 2,1&8,751 2,221,075 8,181,712 8,140,389 7,997,853 All o t h e r loans and d i s c o u n t s - - Reporting member banks in Chicago Mar. 26 Mar. 18 Mar. 25 1924 1925 1925 48 46 46 24,249 513,867 692,394 23,167 535,280 695,482 27,058 450,437 655,092 1,230,510 1,253,929 1,132,587 13,1^9,635 13,211,144 12,065,055 4,207,311 4,255,336 3,811,928 Investments: U. S. Pre-war bonds - - - - - - U. S. L i b e r t y bonds - - - - - - U, S. Treasury bonds - - - - - U. S. Treasury n o t e s - - - - - U. S* Treasury c e r t i f i c a t e s - - Other bonds, s t o c k s and s e c u r i t i e s 218,949 1,351,379 468,624 464,251 139,284 2,835,834 219,624 1,358,133 490,045 481,969 145,281 2,822,830 270,9 26 1,053,526 71,887 758,327 132,566 2,227,470 27,657 516,540 155,634 56,270 816,907 27,247 523,188 153,847 191,977 56,104 807,702 39,525 410,980 13,414 372,139 36,551 572,269 1,936 83,034 32,867 67,066 4,568 202,406 1,938 81,267 36,284 67,098 5,062 200,603 4,198 53,773 5,058 87,298 14,556 161,383 Total investments - - - - - - 5,478,321 5,517,882 4,514,702 1,753,658 1,760,065 1,444,878 391,877 392,252 326,266 18,617,956 1,588,274 18,729,026 1,638,270 16,579,757 1,414,945 5,960,969 671,732 6,015,401 690,543 5,256,806 603,460 1,622,387 1 , 6 4 6 , 1 8 1 1,458,853 163,831 162,302 141,624 280,774 *276,578 12,879,055 280,773 11,170,968 64,340 4,916,055 62,359 5,024,954 63,276 4,328,564 26,008 25,975 28,284 1,115,616 1,153,690 1,023,044 317,698 4,973,465 317,825 4,235,397 237,430 807,350 54,066 791,868 54,066 643,372 58,754 463,252 26,306 461,993 26,510 371,660 14,018 138,617 79,756 117,212 78,530 124,560 128,726 61,495 28,911 40,650 21,558 45,825 4,189 7,466 330 1,406 150 6,585 2,456 218,373 195,742 253,286 90,406 62,208 50,014 7,796 1,556 9,041 Total loans and d i s c o u n t s - - - Total l o a n s and investments Reserve balances w i t h F. R. Banks 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 - - - - - - - B i l l s p a y a b l e & red i s . w i t h F.R.Banks: Secured by U.S.Govt. obi i gat ions All o t h e r - - - - - - - - Total borrowings from JP»R. Banks 12,588,309 5,033,508 *Bevised f i g u r e s , 180,650 Released f o r p u b l i c a t i o n Friday afternoon, April 3, 1925; not e a r l i e r . St> 4454 b . PRINCIPAL RESOURCES AND LIABILITIES OF ALL REPORTING MEMBER BANKS IN EACH FEDERAL RESERVE DISTRICT AS AT CLOSE OF BUSINESS, MARCH 25,-1925. ( I n thousands of d o l l a r s ) Federal Reserve D i s t r i c t Boston New York Phila. Cleve. Rich. A t l a n t a Chicago S t . L o u i s Minn. Kans.Cy. Dallas San Fran. W L Number of r e p o r t i n g banks: 42 107 55 76 73 36 100 33 25 71 49 70 737 Loans and d i s c o u n t s , g r o s s : sill is If; M i is, il Total loans and discounts 959,65% 4,750,985 Investments: IS il il ,i| 702,019 l , 2 0 S , 6 l 9 484,062 466,747 1,935,991 504,913 259,362 462,171 312,084 1,093,022 13,139,635 P11... 111 s 1111 s 111111 'ii utner bonns, stoc&s and securities Total investments 193,854 1,087,674 261,276 346,506 61,521 42,090 420,417 72,355 20,155 192,517 ' 2,835,834 316,696 2,168,114 375,992 '64g,070 137,138 79,977 772,659 178,014 109,274 166,259 78,323 447,805 5,478,321 98,715 38,754 Total loans & investments 1,276,350 6,919,099 l , 0 7 8 , 0 i i 1,856,689 621,200 546,724 2,708,650 682,927 368,636 628,430 390,407 1,540,833 18,617,956 Reserve balances w i t h F.R.Bk. 87,250 730,363 78,470 110,900 38,058 39,062 241,214 48,382 27,275 52,728 29,423 105,149 1,588,274 pi::: II # IIIIIIIIII # # 1IIII •#§ B i l l s payable and r e d i s c o u n t s w i t h F. R. Bank: Secured by U.S.Govt, o b i i g . 2,510 m other 8,409 ' 78,573 29,721 10,046 6,852 15,170 5,439 2,430 12,642 2,967 3,613 1 7,270 6,488 530 1,176 % £ § :* m il' il:?* 35 1 438 50 207 BANKERS' BALANCES OF REPORTING MEMBER BANKS IN FEDERAL RESERVE BANK CITIES 3 970 4'680 1^8 617 79*756 I ? &
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