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STATEMENT FOR THE PRESS St. 62S3 Federal Reserve Board August 12, 1929 For irmnedlate r e l e a s e CONDITION OF WEEKLY REPORTING M M E BANKS IN LEADING CITIES E BR Eie Federal Reserve Board's condition statement of weekly r e p o r t i n g member banks in 101 l e a d i n g c i t i e s on August 7 shows a decline f o r the week of $152,000,000 in n e t demand d e p o s i t s , accompanied with a r e l a t i v e l y small r e duction in loans and investments, and a reduction of $36,000,000 in Government deposits. Loans on s e c u r i t i e s declined $69,000,000 a t a l l r e p o r t i n g banks, a r e duction of $118,000,000 in the Mew York d i s t r i c t being p a r t l y o f f s e t by an increase of $37>000,000 in the Chicago d i s t r i c t and small increases in other d i s t r i c t s . "All other" loans increased $63,000,000 a t a l l r e p o r t i n g banks, $47,000,000 in the New York d i s t r i c t and $15,000,000 in the Cleveland d i s t r i c t , and declined $9,000,000 in the Boston d i s t r i c t . Holdings of U. S. Government s e c u r i t i e s declined $15,000,000 in the New York d i s t r i c t and 4>l4,000,000 a t a l l r e p o r t i n g banks, while holdings of other s e c u r i t i e s increased $6,000,000 a t a l l r e p o r t i n g banks, $25,000,000 i n the New York d i s t r i c t and $7,000,000 in the Atlanta d i s t r i c t , and declined $13,000,000 m the Chicago d i s t r i c t and $13,000,000 in the other d i s t r i c t s . Net demand d e p o s i t s , which a t a l l r e p o r t i n g banks were $152,000,000 below the J u l y 31 t o t a l , declined $145,000,000 in the New York d i s t r i c t $19,000,000 in the Boston d i s t r i c t and $7,000,000 each in t h e Philadelphia and San Francisco d i s t r i c t s , and increased $13,000,000 in the Chicago d i s t r i c t , $8,000,000 i n the Kansas City d i s t r i c t and $7,000,000 i n the Richmond d i s t r i c t . Time deposits x show no n e t change f o r the week. The p r i n c i p a l changes in borrowings from Federal r e s e r v e banks f o r the week ? *c S nnA n A^ aS f S -™°f $11,000,000 a t the Federal Reserve Bank of San Francisco and $6,000,000 a t P h i l a d e l p h i a , and a reduction of $12,000,000 a t Boston, a l l r e p o r t i n g banks showing a net increase of $3,000,000. C0 P (In m i l l i o n s of d o l l a r s ) Increase or decrease since Au#?, 7,1929 J u l y 11.1929 Aug. g. lqgg Loans and investments - t o t a l Loans - t o t a l On s e c u r i t i e s All other Investments - t o t a l U. S. Government s e c u r i t i e s Other s e c u r i t i e s Reserve with F. R. Banks Cash in v a u l t Net demand d e p o s i t s Time deposits Government d e p o s i t s Due from b anks Due to banks Borrowings from F. R. Banks W. 22,592 - 17,051 _Z 7_ 7,718 9,333 + 69* 63 + + 858 330 5,5^1 _- 8_ - 442 2,733 2,808 + - 202 239 + 25 l + - 405 112 145 + - 26 125 14 14 6 1,6,75 242 13,243 6,712 49 1,049 2,688 - 152* -"*36 - 34 - 88 + 746 +1,188 770 • J u l y 31 f i g u r e s r e v i s e d . 57 F e d e r a l Reserve Board August 8, 1929 For immediate r e l e a s e CONDITION OF WEEKLY REPORTING MEMBER BARKS IN CENTRAL RESERVE CITIES ( i n m i l l i o n s of d o l l a r s ) N W YORK E Aug. 7 1929 J u l y 31 1929 Aug;- 8 1928 Loans and investments - t o t a l 7.512 7.575 6,992 Loans - t o t a l 5.775 5,850 5,226 On s e c u r i t i e s All o t h e r 2,961 2,813 3,082 2,768 2,548 2,679 Investments - t o t a l 1.737 1,726 1,766 958 779 973 753 1,001 765 703 53 7^3 52 689 52 5,217 l,l4l 12 5.357 1,150 22 5.022 1,156 35 Due from "banks Due to banks 96 843 97 1,023 g£ 880 Borrowings from F. R. Bank 295 282 244 1,089 1,729 3,l43 1.205 1,696 3,058 860 1.528 l)S85 6,020 5,960 4,274 5,666 355 5,605 355 3,360 914 U. S. Government s e c u r i t i e s Other s e c u r i t i e s Reserve with F. R. Bank Cash in v a u l t Net demand deposits Time d e p o s i t s Government d e p o s i t s Loans on s e c u r i t i e s to brokers and d e a l e r s : For orai account For account of out-of-town banks For account of o t h e r s Total On demand On time CHICAGO Loans and investments - t o t a l 2,078 2,06l 2,049 Loans - t o t a l 1,664 1,636 1,572 963 701 930 707 g!+7 724 4l4 1+24 477 166 24g 164 260 222 256 135 16 173 16 ^8q 17 1,312 *64o 4 1,?89 *638 g 1 232 *680 15 135 313 133 ggg 14? 29 36 76 On s e c u r i t i e s All other Investments - t o t a l U. S. Government s e c u r i t i e s Other s e c u r i t i e s Reserve with F. R. Bank 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 Due from banks Due to banks Borrowings from F. R. Bank W " ( S t . 6283a) f o r immediate r e l e a s e PRINCIPAL RESOURCES AND LIABILITIES OF WEEKLY REPORTING- M M E BANKS IN EACH FEDERAL RESERVE DISTRICT ON AUGUST J , 1929 E BR ( I n m i l l i o n s of d o l l a r s ) Total Federal Boston New York Phila. Cleve, Reserve Richmond A t l a n t a Chicago St. Louis District Minn- Kansas eapolis City I&llas San Fran, Loans and i n v e s t m e n t s - t o t a l 22,592 1,503 8,762 1,223 2,205 683 646 3,374 688 390 713 476 1,929 Loans - t o t a l 17,051 1,154 6,727 917 1,566 525 513 * 2,683 525 267 481 352 1,340 7,718 9,333 484 670 3,397 3,330 480 437 739 827 206 319 3I1 1,289 1,394 238 287 87 180 1)3 348 103 249 409 931 5,51+1 349 2,035 306 638 158 132 69I 163 122 232 124 589 2,733 2,808 172 177 1,060 974 95 212 304 334 74 84 74 311 38O 54 109 68 54 110 122 83 4i 3.43 247 1,675 242 96 18 764 68 76 14 127 30 4l 12 39 11 266 39 44 6 1 59 11 32 8 13,243 6,712 49 908 458 3 5,805 1,680 13 706 262 5 1,058 957 5 357 243 2 313 238 3 1,937 1,232 5 365 225 l 231 130 1 524 - 182 1 143 3 762 963 7 1,049 2,688 50 ill 132 901 53 158 85 199 47 96 65 88 201 445 46 107 53 80 13° 241 47 73 i4i 188 770 34 328 38 52 24 46 85 4i 14 24 25 58 On s e c u r i t i e s A l l other Investments - t o t a l U. S. Govt, s e c u r i t i e s Other s e c u r i t i e s Reserve w i t h 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 to "banks Borrowings from F. R. Bank W . 107 19
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