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STATEMENT FOR THE PAES8 Released 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 30; net e a r l i e r . S t . 49)6 F e d e r a l R 3 s e r v e Board, * A p r i l 29, 192b. CONDITION OF >mi5ER BAmS IN LEADING CITiFS The F e d e r a l Reserve Board 1 s weekly c o n d i t i o n s t a t e m e n t of 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 a s of A p r i l 21 shows d e c l i n e s of $ 2 6 , 0 0 0 , 0 0 0 i n l o a n s and d i s c o u n t s , $ 2 1 , 0 0 0 , 0 0 0 i n i n v e s t m e n t s , $84,000,000 i n net demand d e p o s i t s , $ 5 3 , 0 0 0 , 0 0 0 i n Government d e p o s i t s , and $140,000,000 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 banks and a n i n c r e a s e of $ 4 1 , 0 0 0 , 0 0 0 i n time d e p o s i t s . Member banks : i n New York C i t y r e p o r t e d r e d u c t i o n s of $ 1 2 , 0 0 0 , 0 0 0 i n l o a n s and d i s c c a n t s and cf $128,000,000 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 bank, and i n c r e a s e s of $5,000,000 i n i n v e s t m e n t s , $10,000,000 i n net demand d e p o s i t s and $ 1 4 , 0 0 0 , 0 0 0 i n time d e p o s i t s . Loans on s t o c k s and bonds were $ 6 , 0 0 0 , 0 0 0 more t h a n f o r t h e p r e v i o u s week, 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 $ 3 , 0 3 0 , 0 0 0 and $6,000, 000 i n t h e Cleveland and San F r a n c i s c o d i s t r i c t s , r e s p e c t i v e l y , and a r e d u c t i o n of $31000,000 i n t h e Chicago d i s t r i c t . "All o t h e r " l o a n s and d i s c o u n t s d e c l i n e d $ 3 3 , 0 0 0 , 0 0 0 , r e d u c t i o n s of $ 1 1 , 0 0 0 , 0 0 0 i n t h e Boston d i s t r i c t and of $ 9 , 0 0 0 , 0 0 0 and $ 7 , 0 0 0 , 0 0 0 i n the San F r a n c i s c o and Chicago d i s t r i c t s , r e s p e c t i v e l y , b e i n g o f f s e t i n p a r t by a n i n c r e a s e of $ 7 , 0 0 0 , 0 0 0 i n the Cleveland d i s t r i c t . T o t a l l o a n s 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 banks i n New York C i t y i n c r e a s e d - 1 3 , 0 0 0 , 0 0 0 , l o a n s f o r t h e account of o u t - o f - t o w n banks d e c r e a s i n g $ 8 , 0 0 0 , 0 0 0 , w h i l e l o a n s f o r t h e i r own account and f o r t h e a c c o u n t of o t h e r s i n c r e a s e d £ 5 , 0 0 0 , 0 0 0 and $ 1 2 , 0 0 0 , 0 0 0 , r e s p e c t i v e l y . Holdings of U. S. s e c u r i t i e s and of o t h e r b o n d s , 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 $ 1 1 , 0 0 0 , 0 0 0 , and $10, GOG,000, r e s p e c t i v e l y , only r e l a t i v e l y small changes b e i n g r e p o r t e d f o r any of t h e d i s t r i c t s . Net demand d e p o s i t s were $ 8 4 , 0 0 0 , 0 0 0 l e s s t h a n a week a g o , r e d u c t i o n s b e i n g r e p o r t e d f o r a l l d i s t r i c t s e x c e p t New York and C l e v e l a n d , where i n c r e a s e s of $ 2 0 , 0 0 0 , 0 0 0 and $ 7 , 0 0 0 , 0 0 0 , r e s p e c t i v e l y , o c c u r r e d . Tne p r i n c i p a l r e d u c t i o n s by d i s t r i c t s were as f o l l o w s : Chicago * 3 2 , 0 0 0 , 0 0 0 , San F r a n c i s c o $ 2 3 , 0 0 0 , 0 0 0 , Boston $ 1 2 , 0 0 0 , 0 0 0 and A t l a n t a $ 1 0 , 0 0 0 , 0 0 0 . Time d e p o s i t s of a l l r e p o r t i n g members were $ 4 1 , 0 0 0 , 0 0 0 above t h e p r e v i o u s weeks' t o t a l , the 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 &I9,000,000 and $15,000,000 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 . Borrowings f r o m t h e F e d e r a l r e s e r v e banks d e c l i n e d $ 1 2 9 , 0 0 0 , 0 0 0 i n t h e New York d i s t r i c t , ^ 1 3 , 0 0 0 , 0 0 0 i n t h e Cleveland d i s t r i c t , and $ 9 , 0 0 0 , 0 0 0 i n t h e Cnicago d i s t r i c t and $ 1 4 0 , 0 0 0 , 0 0 0 f o r a l l r e p o r t i n g banks. A summary of changes i n the 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 members d u r i n g t h e week and the y e a r e n d i n g A p r i l 21, 1926, f o l l o w s : Increase or decrease Week Loans a n d ' 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 . . . . - + + - Investments, t o t a l . U. S. 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 b a l a n c e s w i t h F. R. Banks . . - — - Net demand d e p o s i t s 113,000,000 10,000,000 - - 140,000,000 + 0. 21,000,000 11,000,000 10,000,000 gU,000,000 41,000,000 53,000,000 . . . . . . . . . T o t a l accommodation a t F. R. Banks ii'26, 000,000 1,000,00c 5,000,000 33,000,000 during Year -f $ 7 4 0 , 0 0 0 , 0 0 0 36,000,000 + 455,000,000 + 321,000,000 + - + ~ + + + 74,000,000 72,000,000 146,000,000 34,000,000 7,000,000 49,000,000 45 3 , 0 0 0 , 0 0 0 34,000,000 - i-sea 1 or p u b l i c a t i o n Friday a f t e r n o o n , April 3O, 192b; not e a r l i e r . S t . 4936a PRINCIPAL RESOURCES AH) LIABILITIES OF REPORTING MEMBER BANKS IN LEADING CITIES ( I n thousands o f d o l l a r s ) R e p o r t i n g member banks All r e p o r t i n g member banks i n New York C i t y Aor. 21 Apr. 14 Apr. 22 |Apr. 21 |Apr. l 4 Apr. 22 1926 Number of r e p o r t i n g banks - - - - - - - - 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 - - - - - ^ 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 i n v e s t m e n t s - - - - - - - - T o t a l l e a n s and i n v e s t m e n t s - - - - - - - Reserve b a l a n c e s w i t h F. R. Banks - - - - Casn 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 - - - - - - - - - - - B i l l s payable and r e d i s . w i t h F. R. Banks: Secured by U.S.Government o b l i g a t i o n s - All other - - — - - - - - - - - - - - - 1926 707 70S 162,271 5,262,507 £,446,006 161,354 5,256,415 8,479,341 736 | 59 59 198,188j 47,803 49,325 71,152 4 , 8 0 7 , 3 2 8 11,933,007 1 , 9 3 8 , 7 8 0 1 , 9 5 2 , 7 0 0 8,124,624|2,345,291 2,352,634 2,231,626 1926 46 17,509 600,493 680,572 46 14,190 607,537 686,742 46 24,862 519,357 683,155 13,270,784 13,397,113 13,130,140 4,329,101 4,340,739 4,255,475 1,298,874 1,308,469 1,227,904 1 2,544,19b 2,554,944 2,bib,0771 895,058 594,025 958,373 157,980 166,355 152,699 3,034,921 3,044,b99 2,659,431) 893,042 889,503 845,193 205,7b3 214,515 200,042 5,579,117 5,595,643 5,505,508 1,755,100 1,783,525 l,80b,5bb 303,743 380,900 382,741 19,449,901 19,49b,75b 15,635,b48 6,117,201 6,124,267 6,062,044 1,062,617 1,059,369 1,610,645 1,597,978 1,710,999 l,b32,4b7 667,760 763,152 713,077 154,563 157,145 163,467 <75,037 255,455 282,318 62,241 64,854 63,132 21,241 22,49 7 27,686 1 2 , 8 1 3 , 5 7 0 1 2 , 8 9 7 , 7 03 1 2 , 7 b 4 , 7 4 2 5 , 0 1 1 , 3 7 5 5 , 0 0 1 , 4 9 2 5 , 1 0 6 , 5 3 9 1 , 1 2 7 , 6 5 4 1 , 1 5 1 , 6 5 1 1 , 1 1 4 , 8 8 6 5,546,752 5,505,127 5,064,103 525,166 814,093 824,971 505,451 503,096 463,352 240,734 253,87s 2 0 6 , 9 5 4 )I 42,528 52,067 36,000 9,345 H,352 15,988 122,175 125,755 255,328 1 32,179 149,333! 98 , 6131 7,512 8,176 15,688 1 31,447 12,600 144,047 Total borrowings from F. R. Banks - - 247,930 387,507 247,9461 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 bonds) made by r e p o r t i n g member banks i n New York C i t y : For own account . 885,590 876,765 For account of o u t - o f - t o w n banks 1,044,378 1,051,878 For account of o t h e r s 534,711 522,696 Total 65 R e p o r t i n g member banks i n Chicasro Apr. 21 Apr. 14 Apr. 22 2,464,679 2,451,339 47 , 690 25,947 73,637 6,080 3,194 9,274 6,220 1 0,039 lb,259 11,158 619 11,777 tie Leased f o r p u b i . i c a v i o n i'ria ay af te rnoon, April 30, l y 2 o ; not e a r l i e r . S t . 4930b PRINCIPAL RESOURCES AMD LIABILITIES OF ALL REPORTING MEMBER BANKS IN EACH FEDERAL RESERVE DISTRICT AS A? CLOSE OF BUSINESS, APRIL 21,1926. (In thousands of d o l l a r s ) Federal Reserve D i s t r i c t Boston New fork P h i l a . Cleve. Rich. A t l a n t a Chicago S t . L o u i s Minn. Kans.Cy. Dallas San Fran. Total Number of reporting banks 40 97 52 75 68 36 99 33 24 68 49 66 7O7 Loans and d i s c o u n t s , g r o s s : 2,525 3,784 3,100 10,318 162,271 Secured by U.S.Govt, o b l i g . 10,239 52,7^2 11,588 19,939 5,020 7,719 23,634 1 1 , 6 6 3 Secured by s t o c k s & bonds 320,597 2,218,071 407,761 539,279 1 3 7 , 8 9 0 1 0 3 , 5 6 2 807,612 201,102 6 1 , 8 4 0 102,b46 77,520 284,627 5 , 2 6 2 , 5 0 7 All Other l o a n s & d i s c o u n t s 652,292 2 , 6 7 5 , 1 0 0 376 , 838 780,503 375,966 4 0 7 , 9 5 2 1 , 2 4 1 , 9 6 ? 312,692 169,953 320,532 233,100 899,105 8 , 4 4 6 , 0 0 6 Total l o a n s and discounts Investments: U. S. Government s e c u r i t i e s Other bonds, s t o c k s and securities Total investments 983,128 4,945,913 796,187 1 , 3 3 9 , 7 2 1 518,876 519,233 2 , 0 7 3 , 2 1 3 525,457 234,318 4 2 6 , 9 6 s 313,720 1 , 1 9 4 , 0 5 0 1 3 , 8 7 0 , 7 8 4 156,116 1 , 0 1 4 , 7 8 1 106,157 237,806 68,762 44,845 308,690 229,918 1 , 1 9 1 , 7 9 5 252,931 344,190 6l,l04 55,104 4 4 0 , 1 3 3 106,044 386,034 2 , 2 0 6 , 5 7 6 359 , 088 631,996129,866 99,949 63,375 71,567 1 1 1 , 0 5 6 52,426 258,615 2,544,196 42,091 77,022 23,815 210,774 3,034,921 748,823 169,419 1 1 3 , 6 5 8 188,078 76,241 469,389 5,579,117 Total l o a n s and investments 1 , 3 6 9 , 1 6 2 7,152,489 1 , 1 5 5 , 2 7 5 1 , 9 7 1 , 7 1 7 648,742 6 1 9 , 1 8 2 2 , 8 2 2 , 0 3 6 694,876 347,976 615,046 389,961 1 , 6 6 3 , 4 3 9 1 9 , 4 4 9 , 9 0 1 Reserve balances w i t h F.R.Bk. Cash i n v a u l t 93,500 20,919 728,327 77,329 Net demand d e p o s i t s 854,819 5,592,538 Time d e p o s i t s 403,148 1,245,387 Government d e p o s i t s 38,030 47,958 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 l i g . 2 , 0 5 0 19,587 All other 7,579 12,883 Total borrowings from F. R. Bank 9,629 32,470 82,757 16,527 119,461 30,283 39,069 13,632 43,597 11,393 225,805 49,134 46,848 7,609 24,925 6,377 53,766 12,295 30,130 9,373 776,649 1 , 0 1 0 , 1 6 9 361,794 350,511 1 , 7 2 4 , 0 5 7 402,675 214,933 474,828 269,356 227,964 8 0 4 , 9 3 4 207,026 219,900 1 , 0 3 8 , 2 8 8 216,916 1 0 9 , 8 3 6 146,167 1 0 0 , 9 0 2 29,379 29,539 9,321 1 1 , 9 0 1 21,713 8,159 4,219 8,305 7,259 109,793 20,166 1,597,978 275,037 751,241 1 2 , 8 1 3 , 5 7 0 826,284 5,546,752 24,951 240,734 7,238 7,406 18,773 12,124 5,737 15,328 4,433 21,506 19,530 14,762 5,987 10,530 2,630 1,107 7,450 7,006 715 1,897 28,045 13,627 122,175 125,755 14,644 30,897 21,065 25,939 34,292 16,517 3,737 14,456 2,612 41,672 247,930 88,578 52,820 2,195,375 587,479 SAUCERS1 BALANCES OF REPORTING MEMBER BANKS IN FEDERAL RESERVE BANK CITIES Due to banks Due from banks c. 1 3 9 , 3 0 6 1,079,*477 45,809 106,592 180,597 70,31° 46,109 26,256 30,793 15,890 19,188 11,020 364,449 150,848 83,908 27,392 47,667 19,791 89,889 38,990 25,414 21,76l