The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
STA'iSWT Ft® THE tSSSS For immediate release St. 5870 Federal Reserve Board, August 13, 1928. CONDITION OF MEMBER BANKS IN LEADING CITIES The Federal Reserve Board's condition statement of 636 reporting member "banks in leading c i t i e s as of August 8 shows decreases f o r the week of $58,000,000 i n loans and discounts, of $129,000,000 in investments, of $307,000,000 i n net demand deposits,- of $15,000,000 in time deposits, of $52,000,000 in Government deposits, of $27,000,000 i n borrowings from Federal reserve "banks, and of $134,000,000 i n "balances due to "banks. Loans on stocks and "bonds, including U. S. Government o b l i g a t i o n s , were $9^,000,000 "below the August 1 t o t a l at a l l reporting banks, declines of $93,000,000 being shown for the New York d i s t r i c t and of $l4,000,000 f o r the Cleveland d i s t r i c t . "All other" loans and discounts increased $35,000,000 at a l l r e porting banks, $33,000,000 in the New York d i s t r i c t and $7,000,000 i n the Boston d i s t r i c t , and declined $7,000,000 i n the Chicago d i s t r i c t . Holdings of U. S. Government s e c u r i t i e s declined $83,000,000 at reporting banks i n the New York d i s t r i c t , $8,000',000 i n the Boston d i s t r i c t , $6,000,000 i n the Cleveland d i s t r i c t , and $101,000,000 at a l l reporting banks. Holdings of other bonds, stocks and s e c u r i t i e s declined $7,000,000 in the Cleveland d i s t r i c t , $5,000,000 each i n the Boston and New York d i s t r i c t s and $28,000,000 at a l l r e p o r t ing banks. Net demand d e p o s i t s , which at a l l reporting banks were $307,000,000 below the August 1 t o t a l , declined #248,000,000 at reporting banks i n the New York d i s t r i c t , $22,000,000 i n the Cleveland d i s t r i c t , $15,000,000 i n the Boston d i s t r i c t , $7,000,000 in the Chicago d i s t r i c t and $8,000,000 i n the San Francisco d i s t r i c t . At the same time balances due to other banks (included i n most p a r t i n not demand deposits) declined $134,000,000 at a l l reporting banks and $1to,000,000 in the New York d i s t r i c t . Time deposits show a decrease of $7,000,000 f o r the week at reporting banks in the Chicago d i s t r i c t and $15,000,000 a t a l l reporting banks. All d i s t r i c t s p a r t i c i p a t e d i n the decrease of $52,000,000 i n Government deposits. The p r i n c i p a l changes i n borrowings from Federal reserve banks, which show a t o t a l reduction of $27,000,000, were decreases of $21,000,000 and $12,000,000, r e spectively, in the Chicago and New York d i s t r i c t s , and an increase of $9,000,000 i n the San Francisco d i s t r i c t . A summary of 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 636 r e p o r t i n g member banks, together with changes during the week and the year ending August 8, 1928, follows: (In thousands of d o l l a r s ) Increase or decrease during Aug. 8 Year Week 1928 + 1,590,610 Loans and investments - t o t a l - 187,274 22,262,204 + 1,122,878 Loans and discounts - t o t a l 58,069 15,802,502 Secured by U.S.Govt, obligations Secured by stocks and bonds All other loans and discounts Investments - t o t a l U. S. Government s e c u r i t i e s Other bonds, stocks and s e c u r i t i e s Reserve with F. R. Banks Cash i n vault Net demand deposits Time deposits Government deposits Aie from banks Due to banks Borrowings from F. R. banks - t o t a l Secured by U.S.Govt, obligations All other C. 136,645 6,632,629 9.033.228 6,459,702 2,940,158 3,519,544 1.657.270 244,587 12,879.104 6,898,065 192,333 1,025,510 3,049,618 827,297 497,808 329,489 •August + + 7,659 *86,146 *35,736 129,205 101,132 28,073 81,239 9,145 + + + + + + - - 15.873 627,969 479.036 467,732 427.008 40,724 56,264 14,538 485,824 588,306 139.583 112,966 263,260 - 306,501 + 15,306 + 52,357 — 91,962 - 133,673 •f 566,653 27,419 + 326,069 52,648 + 240,584 + 25.229 1 f i g u r e s revised. Federal Eoserv-" Board August 9, 1?23. For immediate release CONDITION OF WEEKLY REPORTING MEMBER BAMS IN CENTRAL RESERVE CITIES ( i n thousands of d o l l a r s ) Aug. 2 Aug. 1 Aug. 10 NEW YORK- 4*5 BANKS 1928 1A28 1927 6,585,026 Loans and investments - t o t a l 7.363,653 7,219,168 Loans and discounts - t o t a l Secured by U.S.Government obligations Secured by stocks and bonds All other loans and discounts Investments - t o t a l U. S. Government s e c u r i t i e s Other bonds, stocks and s e c u r i t i e s Reserve with F. R. Bank Cash i n vault 5,349,187 5,409,792 4,742,772 53,237 2,%69,448 2,826,702 60,284 2,560,225 2,789,283 36.354 2,243,790 2,462,628 1,869,781 1,001,211 868,570 1,842,254 1,953,861 883,469 1,080,538 958.785 873,323 . 688,747 52.159 759,026 *6,843 751.599 56,566 Net demand deposits Time deposits Government deposits 5,022,155 1,156,115 35,117 5,252,388 1,158,557 1)9,504 5.245,809 1,017.981 5,846 Due from banks Due to banks 85.741 1,088,655 102,859 1,228,197 83,056 1,152,186 P44.pi R 254,786 81,742 120,570 123,645 177.220 77,566 54,450 27,292 Borrowings from F. R, bank - t o t a l Secured by U. S. Government obligations All other Loans to brokers and d e a l e r s (secured by stocks 928,466 and bonds); For own account g6o,487 1,498,299 For account of out-of-town banks l,549,423 1,832,631 For account of others i ec-z 074 Total 4,273,884 , 4,259.396 3.304,351 On demand 3,360,271 On time 955.045 913,613 1,063.670 1,216,369 910,290 3,190,329 2,391,369 798,960 CHICAGO- 43 BANKS Loans and investments - t o t a l 2,053,328 2,064,609 1,939,474 Loans and discounts - t o t a l 1,568,957 1.576,698 1.505.300 13.921 785.534 769,502 16,412 786,606 773,680 14,450 798.742 692,108 484.171 487.911 434,174 221,835 262,536 221,475 266,436 179.204 254,970 179,966 16,945 185,953 16,349 173,551 18,630 1,231,811 679,920 14,322 142,828 347,382 1,235,796 688,184 15,950 166,22s 351,669 1,286,425 614,570 3,941 150,468 367,670 76.100 93,020 71,674 21,346 8,317 7, too 917 Secured by U. S. Government obligations Secured by stocks and bonds All other loans and discounts Investments - t o t a l U. S. Government s e c u r i t i e s Other bonds, stocks and s e c u r i t i e s Reserve with F. R. Bank Cash in vault Net demand deposits Time deposits Government deposits Due from banks Due to banks Borrowings from F. R. bank - t o t a l Secured by U. S. Government obligations All other C. 69,534 6,566 ( S t . 5870a) For immediate r e l e a s e ' , S t . 5270b PRINCIPAL EE SOURCES AND LIABILITIES OF ALL REPORTING MEMBER BANKS IN EACH FEDERAL EE SERVE DISTRICT AS AT CLOSE OF BUSINESS, AUGUST 8, 1928. ( I n thousands of d o l l a r s ) Federal Reserve D i s t r i c t Total Boston New York Phila. Cleve. Rich. A t l a n t a Chicago St.Louis Minn. Kans.Cy. Dallas San Fran. Loans & i n v e s t m e n t s - t o t a l 22,262,204 1.544.522 8,423,329 1,256,453 2.205,732 6?5,3o4 643,464 3,306,115 717,699 567.998 686,035 46o.56l 1,974,992 Loans and d i s c o u n t s - t o t a l 15,802,502 1,093,608 6.115,753 Secured by US Govt o h l i g . 136.645 Secured hy stocks & bonds 6.632,629 All Other loans & d i s c t s 9,033,228 Investments - t o t a l U.S.Govt, s e c u r i t i e s Other "bonds,stks.& s e e u r Reserve with F. R. Bank Cash i n 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 banks Due to banks 850.082 1,465.026 513.730 503.151 2.4l4.651 507.967 232.407 445.073 336.530 1.3?4.5?4 10,436 55,138 417,717 2.855,938 665,455 3,204,677 9,598 467,227 373,257 12,928 3,248 4,235 19,86l 7,642 2.301 3,011 3.681 659,161 184,213 132.220 1,054.705 216.824 74.701 126,142 88,502 792,937 326.269 366,696 1.340.085 283,501 155,405 315,920 244,347 4,566 355,279 964,679 6,459,702 450,914 2.307,576 406.371 74q,706 l 6 l . 5 7 4 140.313 891.1*64 209.732 135.591 240.962 124.051 6sn.46% 2.94o,l58 3,519,544 170.595 1 , 0 9 4 . 3 6 4 280,319 1 , 2 1 3 , 2 1 2 122.537 283,834 325,561 4i5.i45 72,950 88,624 69,229 71.084 382,973 73,317 508.491 1 3 6 , 4 1 5 1,657,270 244,587 100,000 18,285 77,295 13,627 125,176 28,175 4l,280 11.664 39,946 10.501 258,199 45,453 to,183 7,426 747,110 66.230 73,483 115,281 62,108 1 2 5 , 6 8 1 86,184 37,847 353,684 296,784 22.107 6.020 32.277 115,113 9,187 21,814 53,3l4 11,475 12,879,104 6,898,065 192,333 896,551 5,576,167 489,998 1,697,854 35,731 39,742 715,583 1.022,960 354,o4g 316,296 1.821,418 376,525 208,263 502,685 283,489 805,118 3o6,26o 975,*44 247,585 237,858 1,256,407 241,572 128,771 174.487 129.660 1,011.769 22,092 20,723 4,645 .11,550 24,895 4,535 2,658 4,463 7.489 13.810 1.025.510 3.0%9.6l8 41.753 118.709 131,815 l . l 4 s . 6 o 7 50.707 159,826 85,656 45,009 208,441 93,613 66,9k) 95,606 214,639 44,270 488,004 116.387 48,245 116,872 82,571 238,192 53.634 85,986 139,076 200,570 BorrovJings from FR B k - t o t a l 827,297 4l,178 288.243 60.425 69.962 28.066 48^783 1 36.819 36.768 10.266 1 7.538 22.978 66.271 Secured by US Govt o b i i g . All other 497,808 329,489 17,650 23,528 159,775 128,468 47,477 12,948 4i,545 28,4i7 11.292 12.280 1 6 , 7 7 4 36,503 110,869 25,950 11,373 25,395 4,790 5,476 9,909 7,629 15,253 7,725 55,595 10,676 636 36 78 49 70 92 29 24 64 44 55 Number of r e p o r t i n g banks C. 64 31
@FedFRASER