The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
Be l e a s e d 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 9j not e a r l i e r . STATEMENT FOB THE; PRESS . g^. 401-z F e d e r a l E e s e r v e Board," A p r i l 8 , 1926. CONDITION OF MEvIBER BANKS IN LEADING CITIES The F e d e r a l Reserve B o a r d ' s s t a t e m e n t of c o n d i t i o n o f 710 r e p o r t i n g member an s i n l e a d i n g c i t i e s a s o f March 31 shows i n c r e a s e s of $ 1 0 4 , 0 0 0 , 0 0 0 i n l o a n s anc L ™ " ° f * * > . 0 0 0 . 0 0 0 i n n e t demand d e p o s i t s , t o g e t h e r w i t h a d e c l i n e of i n *7i n v e s t m e n t s . Member b a n k s i n New York C i t y r e p o r t e d i n c r e a s e s of . r ? ' 0 0 0 i n l o a n s and d i s c o u n t s and $ 1 2 0 , 0 0 0 , 0 0 0 i n n e t demand d e p o s i t s , and a r e a u c t i o n of $8,000,000 in investments. Loans on s t o c k s and bonds went up $ 8 6 , 0 0 0 , 0 0 0 , o f which * 5 0 , 0 0 0 , 0 0 0 was r e p o r t e d by oanks i n t h e New York d i s t r i c t , and $ 1 0 , 0 0 0 , 0 0 0 and $ 7 , 0 0 0 , 0 0 0 by banks i n the C l e v e l a n d 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 . " A l l o t h e r " l o a n s and ^ L i n ? r e a s e d $ 1 7 , 0 0 0 , 0 0 0 , i n c r e a s e s o f f l ; , 0 0 0 , 0 0 0 i n t h e New York d i s t r i c t , $ 1 2 , 0 0 0 , 0 0 0 m t h e Chicago d i s t r i c t and $ 7 , 0 0 0 , 0 0 0 i n t h e San F r a n c i s c o d i s t r i c t b e i n g o f f s e t i n p a r t b y d e c l i n e s of $ 6 , 0 0 0 , 0 0 0 and $ 6 , 0 0 0 , 0 0 0 i n t h e M i n n e a p o l i s 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 , 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 , secured by s t o c k s and b o n d s , made by r e p o r t i n g member b a n k 3 i n New York C i t y d e c l i n e d $ 1 1 7 , 0 0 0 , 0 0 0 , l o a n s f o r a c c o u n t of o u t - o f - t o w n , banks h a v i n g d e c l i n e d $ 9 2 , 0 0 0 , 0 0 0 and t h o s e f o r t h e a c c o u n t c f o t h e r s $4-5,000,000, w h i l e l o a n s f o r t h e i r own account increased $21,000,000. H o l d i n g s o f U. S. s e c u r i t i e s , shown a s one item i n s t e a d o f by c l a s s e s a s h e r e t o f o r e , f e l l o f f $ 1 0 3 , 0 0 0 , 0 0 0 , r e d u c t i o n s b e i n g shown f o r a l l d i s t r i c t s e x c e p t M i n n e a p o l i s , The p r i n c i p a l r e d u c t i o n s i n t h i s item by d i s t r i c t s were a s f o l l o w s : Chicago $ 4 1 , 0 0 0 , 0 0 0 , Boston $ 1 5 , 0 0 0 , 0 0 0 , New York $ 1 4 , 0 0 0 , 0 0 0 and San F r a n c i s c o $ 1 0 , 0 0 0 , 0 0 0 . H o l d i n g s o f 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 i n c r e a s e d $ 2 3 , 0 0 0 , 0 0 0 , o f which $ 1 4 , 0 0 0 , 0 0 0 and $ 7 , 0 0 0 , 0 0 0 were r e p o r t e d by b a n k s i n t h e Chicago and New York d i s t r i c t s , r e s p e c t i v e l y . Net demand d e p o s i t s were $ 1 5 9 , 0 0 0 , 0 0 0 h i g h e r t h a n f o r t h e p r e c e d i n g week, i n c r e a s e s o f $ 1 5 3 , 0 0 0 , 0 0 0 i n t h e New York d i s t r i c t , $ 2 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 and $ 1 0 , 0 0 0 , 0 0 0 and $ 7 , 0 0 0 , 0 0 0 i n t h e San F r a n c i s c o and P h i l a d e l p h i a 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 p a r t l y o f f s e t by r e l a t i v e l y s m a l l r e d u c t i o n s i n o t h e r districts. Time d e p o s i t s d e c l i n e d $ 3 ^ , 0 0 0 , 0 0 0 i n t h e Chicago d i s t r i c t and $ 1 2 , 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 , b u t i n c r e a s e d $ 1 8 , 0 0 0 , 0 0 0 e a c h i n t h e New York and San Francisco d i s t r i c t s . The p r i n c i p a l c h a n g e s i n b o r r o w i n g s from t h e B s d a r a l r e s e r v e banks i n c l u d e an i n c r e a s e of $ 3 2 , 0 0 0 , 0 0 0 i n t h e Chicago d i s t r i c t and a r e d u c t i o n o f $ 1 4 , 0 0 0 , 0 0 0 i n t h e San F r a n c i s c o d i s t r i c t . A summary o f 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 o f r e p o r t i n g members d u r i n g t h e week and t h e y e a r e n d i n g March 31, 1926, f o l l o w s : Increase or decrease during WeeK +$104,000,000 + 1,000,000 + 86,COO,000 + 17,000,000 Year +$8No,000,000 - 34,000,000 + 631,000,000 + 249,000,000 - 80,000,000 - 103,000,000 + 23,000,000 4,000,000 - 14],000,000 + 139,000,000 Reserve b a l a n c e s w i t h F. R. Banks Cash i n v a u l t + - + + 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 + 159,000,000 9,000,000 + 2,000,000 + 146,000,000 + 423,000,000 - 22,000,000 T o t a l a c c o m o d a t i o n a t F. R. Banks + + 184,000,000 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 b y s t o c K s and bonds All other Investments, t o t a l U. S. S e c u r i t i e s 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 . . http://fraser.stlouisfed.org/ W. Federal Reserve Bank of St. Louis . . 9,000,000 4,000,000 1,000,000 50,000,000 4,000,000 E e l e a s e d 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 9 , 1926; n o t e a r l i e r . PRINCIPAL RESOURCES AMD LIABILITIES OF REPORTING MEMBER BANKS IN LEADING CITIES ( i n t h o u s a n d s of d o l l a r s ) R e p o r t i n g member b a n k s A l l r e p o r t i n g member b a n k s i n New York City Mar, 24 Apr. 1 Mar. 24 Apr. 1 Mar. 31 Mar. 31 1925 1926 1926 1926 1926 _2225_ 710 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 - - — - - 164,335 5,410,429 5,476,740 Investments: U. S, Government s e c u r i t i e s Total investments - - - — - - ' 198,162 51,304 49,923 70,551 4,779,344 2,099,750 2,040,938 1,943,030 5,227,641 2,379,578 2,368,279 2,273,302 46 ll,54o 592,945 687,450 46 13,473 586,774 683,541 46 24,61S 495,737 701,172 850,924 865,957 927,959 130,763 159,753 193,394 - - - 3,014,540 2,991,930 2,575,158 564,443 857,622 835,453 218,758 203,593 206,759 - - - - - - 5,494,703 5,575,365 5,498,381 1,715,364 1,723,579 1,763,412 349,521 363,346 400,153 - - - 19,546,270 1 9 , 5 2 2 , 6 5 2 15,703,528 6 , 2 4 5 , 9 9 6 6 , 1 8 2 , 7 1 9 6 , 0 5 0 , 2 9 5 1 , 6 4 1 , 7 5 9 1 , 6 4 7 , 1 3 4 1 , 6 2 1 , 6 5 0 — - - — - - — Net demand d e p o s i t s - - - - - - 65 2,623,223 Reserve b a l a n c e s w i t h F. R. Banks - - - - - Time d e p o s i t s - - - 60 2,553,438 T o t a l l o a n s and i n v e s t m e n t s - - - - — - - — 60 2,450,163 Other bond3,, g t o c k s and s e c u r i t i e s — 163,326 5,324,069 5,459,889 736 R e p o r t i n g member b a n k s i n Chicago Mar. 24 Apr. 1 Mar. 31 1925 1326 1926 14,051,567 1 3 , 9 4 7 , 2 5 4 13,205,147 4 , 5 3 0 , 6 3 2 4,459,11+0 4 , 2 8 6 , 8 5 3 1 , 2 9 2 , 2 3 8 1 , 2 5 1 , 7 8 8 1 , 2 2 1 , 5 2 7 T o t a l l o a n s and d i s c o u n t s Cash i n v a u l t — 711 S t . ^913a - - - - - - - - - 1,655,265 1,646,568 1,604,993 743,016 722,421 677,657 152,364 162,140 157,602 272,422 276,574 265,172 62,203 62,725 59,786 20,937 21,063 25,083 1 2 , 9 0 1 , 2 4 4 1 2 , 7 4 2 , 6 6 8 1 2 , 7 5 5 , 5 4 0 5 , 1 5 0 , 4 6 3 5 , 0 3 0 , 1 2 9 5,055,400. 1 , 0 9 0 , 3 4 6 1 , 1 0 3 , 7 7 1 1 , 0 9 8 , 8 9 6 456,408 513,424 450,485 811,605 518,467 835,248 5,476,941 5,485,615 5,053,072 _ - - 295,809 294,090 317,758 52,067 52,067 54,066 11,362 11,361 26,306 B i l l s p a y a b l e and r e d i s . w i t h F. R. Ban,:s: Secured by U.S.Government o b l i g a t i o n s — 214,496 253,185 126,338 57,332 76,412 22,055 11,594 14,669 14,934 21,815 205,606 165,625 110,134 30,985 All o t h e r - - - - — - - - — - — - 58,317 98,227 T o t a l b o r r o w i n g s f r o m F. R. Banks - - 420,102 415,813 236,472 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 b y r e p o r t i n g 1,047,784 1,026,539 member banks i n New York C i t y : For own account 1 , 0 0 6 , 4 i i 1,098,252 For account o f o u t - o f - t o w n b a n k s 518.856 "565.405 For a c c o u n t of o t h e r s 2 , 5 7 3 , 0 5 1 2 , 6 90,199 T o t a l 31,852 32,964 44,555 5,413 20,082 8,755 Government d e p o s i t s - - - - - - - — 53,907 23,689 R e l e a s e d 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 9 , 1926; n o t e a r l i e r . ' v.. FEITOIFAL RESOURCES AHD LIABILITIES OF ALL RSPORTIMG * e t * BANKS W EACH FEDERAL RESERVE DISTRICT AS AT CLOSE 07 SLSIiBS? — ( I n t h o u s a n d s of d o l l a r s ' ) hAfiFMi ^ 9 2 6 ' ' T T T T T *T *-r % v- -j- T EEE1™:. il;is a IShil i ! .ill #1 if sif if SI i:E v Loans and d i s c o u n t s , g r o s s : total l o a n s ^ d U c o u n t a 990 ' 3 6 1 5.137.931 ° 774,107 1 , 3 2 5 , 5 5 5 517,595 527,421 2 , 0 6 3 , 8 0 2 530,923 236,996 1*31,709 313,079 1 , 2 0 0 , 0 S S i U . 0 5 1 . 5 6 7 Investments: I'Je'r securities Total investments 152,610 964,123 U 4 ' 6 2 2 2SU '5iS 70 ' 789 59,884 57,056 221,342 1,161,369 246,015 344,679 53,874 373,952 2 , 1 2 5 , 4 9 2 362,637 629,197 130,673 110^930 272,649 59,768 7 3 . 5 6 9 112,0U5 56,856 261,558 2,480.163 80,577 21,842 211,045 3,014,540 7 3 0 , 0 5 1 170,699 117,146 192,622 78,698 472,606 5,494,703 457,402 110,931 43,577 T o t a l l o a n s and i n v e s t m e n t s 1 , 3 6 4 , 3 1 3 7 , 2 6 3 , 4 2 3 1 , 1 3 6 , 7 4 4 1 , 9 5 4 , 7 5 2 643-, 2o8 6 3 8 , 3 5 1 2 , 7 9 3 , 8 5 3 701,622 356,142 624,331 391,777 1 , 6 7 2 , 6 9 4 1 9 , ^ 4 6 , 2 7 0 Reeerye b a l a n c e s w i t h F.R.Bk. 9 2 , 7 4 4 803,321 Ca=,- m vauxt 19,888 77,0<0 Net demand d e p o s i t s 264,802 5,742,642 79,180 118,296 39,014 3 7 , 4 3 6 223,632 47,210 23,53% 52,342 2 7 , 4 3 0 lo,S73 2 9 , 0 0 9 13,898 11,27b 47,222 7,712 5 , 9 3 6 12,323 10,462 755,811 1 , 0 0 5 , 2 8 5 365,609 349,777 1 , 6 7 8 , 3 2 5 4 o 4 j l 5 219,010 481,928 272,408 111,066 1 , 6 5 5 , 2 6 5 20,797 272,422 760,932 1 2 , 9 0 1 , 2 4 4 Time d e p o s i t s 400,500 1,246,592 Government d e p o s i t s 47,462 58,306 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: Secured by U.S.Govt, o b l i g . 4,387 78,058 222,082 35,718 838,513 30,336 5,476,941 Al! 0 t h 8 r 15,112 36,098 762,659 206,934 212,560 1 , 0 0 2 , 9 7 6 219,638 113,773 150,396 100,318 35,997 1 1 , 3 1 3 1 4 , 6 4 9 26,402 9,922 6 , 7 8 4 10,096 8,824 295,809 11,255 31,517 5,802 12,812 34,944 6,290 1,440 3,054 765 24,172 214,496 13,102 13,166 14,343 22,679 52,440 15,877 2,803 3,526 1,301 15,093 205,606 89,625 46,621 2,295,031 563,485 BANKERS' BALANCES OF REPORTING MEMBER BANKS IN FEDERAL RESERVE BANK CITIES Dae t o banks Due from b a n k s W, http://fraser.stlouisfed.org/ Federal Reserve T Bank of St. Louis 125,444 1,167,145 40,636 103,084 171,142 73,318 45,590 24,354 30,432 16,238 16,729 13,417 398,371 136,521 82,245 26,988 52,267 20,896 88,724 39,252 27,317 22,l6o
@FedFRASER