Full text of H.4.2 Weekly Consolidated Condition Report of Large Commercial Banks in the United States : August 20, 1928

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STATEMENT FOB THE PRESS
For imnediate r e l e a s e
~

St. 5882
Federal Reserve Board,
August 20, 1928.

CONDITION OF MSifflER BANKS IN LEADING- CITIES
The Federal Reserve Board's condition statement of 636 r e p o r t i n g member "banlcs
i n leading c i t i e s as of August 15 shows decreases f o r the week of $63,000,000 i n
loans and discounts, of $15,000,000 i n investments, and of $62,000,000 in "borrowings from Federal reserve "banks, and i n c r e a s e s of $73,000,000 i n net demand dep o s i t s and of $6,000,000 i n time d e p o s i t s .
Loans on stocks and "bonds, including United S t a t e s Government o b l i g a t i o n s ,
were $79,000,000 "below the August 8 t o t a l at a l l r e p o r t i n g "banks, a decrease of
$66,000,000 being shown f o r r e p o r t i n g "banks i n the New York d i s t r i c t and of
$12,000,000 i n the Boston d i s t r i c t , and an increase of $6,000,000 i n the San Francisco d i s t r i c t . "All o t h e r " loans and discounts declined $23,000,000 i n the New
York d i s t r i c t and i n c r e a s e d $12,000,000 i n the San Francisco d i s t r i c t , $9,000,000
i n the Boston d i s t r i c t , $6,000,000 i n the Richmond d i s t r i c t , and $16,000,000 at
a l l r e p o r t i n g "banks.
Holdings of United S t a t e s Government s e c u r i t i e s declined $6,000,000 at r e porting "banks i n the New York d i s t r i c t and $16,000,000 at a l l r e p o r t i n g "banks,
while holdings of other "bonds, stocks and s e c u r i t i e s show a net increase of
$2,000,000 f o r the week.
Net demand d e p o s i t s , which at a l l r e p o r t i n g "banks were $73,000,000 above
the August 8 t o t a l , increased i n nearly a l l d i s t r i c t s , the p r i n c i p a l i n c r e a s e s by
d i s t r i c t s "being: Chicago $30,000,000, San Francisco $21,000,000, P h i l a d e l p h i a
$10,000,000, and Kansas City $8,000,000. Time d e p o s i t s increased $17,000,000 and
$5,000,000, r e s p e c t i v e l y , at r e p o r t i n g "banks i n the New York and Cleveland d i s t r i c t s , and declined $11,000,000 i n the Chicago d i s t r i c t and $6,000,000 i n the
San Francisco d i s t r i c t , a l l r e p o r t i n g "banks showing a net increase of $6,000,000.
The p r i n c i p a l changes f o r the week in "borrowings from the Federal reserve
"banks were d e c l i n e s of $57,000,000 at r e p o r t i n g banks i n the New York d i s t r i c t ,
$12,000,000 i n the Chicago d i s t r i c t , and $7,000,000 i n the Cleveland d i s t r i c t , and
an increase of $8,000,000 i n the P h i l a d e l p h i a 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 15, 1928,
follows:
( I n thousands of d o l l a r s )
Aug. 15
Increase or decrease during
Year
Week
1928
+ 1,548,409
—
22,184,258
77,9^6
Loans and investments - t o t a l
Loans and discounts - t o t a l
Secured "by U.S. Govt, o b l i g a t i o n s
Secured "by stocks and bonds
All o t ! w loons and discounts
Investment.3 •- t o t a l
U.S. Gcvarnmcct s e c u r i t i e s
\ Other b e n i s , stocks and s e c u r i t i e s
Reserve vi bh F. R. Banks
Cash i n vault
Net demand d e p o s i t s
Time deposits
Government d e p o s i t s
Axe from banks
Due to banks
Borrowings from F. R. banks - t o t a l
Secured by U.S.Govt, o b l i g a t i o n s
All other
C.



+ 1,065,135

15,739,318

63,184

128,690
6,561,493
9,049,135
6,444,940

*4,856
*74,235
+ 15,907
14,762

+
+
+

2,923,783
3,521,157
1,691,887
237,373
12,952,061
6,903,565
184,787
1,064,476
3,036,215
764,946
457,811
307,135

16,375
1,613
34,617
7,214
72,957
5,500
*9,2&9
*33,790
13,403

+
+

—

+
+
+
+
+
—

-

+

+

+
+
—

62,351

+

39,997
22,354

+
+

10,936
549,923
504,326
483,224
427,272 .
55,952
23,692
12,108
351,534
595.630
144,388
84,063
287,545
528,903
296,581
232,322

•August 8 f i g u r e s r e v i s e d .

scoder&d fUseswe tb»a**4

For immediate release

August 16, 1923.

CONDITION OF WEEKLY REPORTING MEMBER BASICS IN CENTRAL BE SERVE CITIES

(in thousands of dollars)

NEW YORK - 45 "banks

Loans and investments - t o t a l
Loans and discounts - t o t a l

Secu.rod 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 v a u l t

Net demand deposits
Time deposits
Government deposits
Due from banks
Due to banks

Aug. 15
19 28
7,ii3,%7i
5,251,615

5,349,387

4,724,819

46,670
2,399,771
2,805,174

35,649
53,237
2,469,448 2,224,416
2,826,702 2,464,754

1.861,856

1,869,781 1,826,555
886,848
1,0Q1,211
868,570
939,707

994,939
866,917
695,290
51,378

658,747
52,159

682,306
54,340

5,013,390
1,172,151
32,035

5,022,155 5,174,597
1,156,115 1,012,573
4,467
35,117

85,062

90,689
85,741
1,088,655 1,165,229

1,093,400

Borrowings from F. R, bank - t o t a l

Aug. 8 Aug. 17
1927
1928
7,219,168 6,551,374

187,610

244,215

Secured by U.Sv Government obligations
120,570
89,945
All other
123,645
97,665
Loans to brokois and dealers (secured by stocks
and bonds): For own account
783,437
860,487
For account of out-of-town banks 1,579.742
1,549,423
For account of others
1,860,051
1,863,974
Total
4,223,230 . 4,273,884
On demand
3,360,271
3,361,774
On time
913,613
861,456

67,618

55,350

12,268
1,022,037

1,248,136
918,796
3,188,969

2,371,906
817,063

CHICAGO - 43 banks
Loans and investments - t o t a l

PrO^,1?g

2,053,328

1,950,472

Loans and discounts - t o t a l

1,571,370

1,568,957

1.519,948

14,620
784,371
771,879
483,768

13,921
785,534
769,502

14,306
823,605

682,037

484,371

430,524

Secured by TT. S. Government o b l i g a t i o n s
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.



221,086
262,682
179.840
16,460
1,235,324
669,911
14,814
155,230
343,9U

81,658
67,494
l4,i64

174,345
221,835
262,536
256,179
179.106
179,966
18,086
16,945
1,231,811 1,289,733
621,436
679,920
3,014
14,322
142,828
151,564
363,864
347,382
76,100

69,534
6,566
(St. 5882a)

6,750
4,920
1,830

For immediate r e l e a s e

St. 5882b

PRINCIPAL EE SOURCES AMD LIABILITIES OF ALL REPORTING- MEMBER BANKS IJT EACH FEDERAL RESERVE DISTRICT AS AT CLOSE OF BUSINESS, AUGUST 15,1928.
(in thon.sands of dollars)
;

Federal Reserve D i s t r i c t
Total
Boston Hew York
Fhila.
Cleve.
Rich. Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas San Fran.
Loans and investments-total 22.124.258 1.5*40,873 8,327,110 1,253,95% 2,207,95% 678,63% 645.367 3,309,922 716,769 367.669 687,939 458,776 1,989,291
Loans and discounts-total
Secured by us Govt o b i i g .
Secured by stocks & bonds
All Other loans & d i s c t s

Investments - t o t a l
U.S.Govt, s e c u r i t i e s
other bonds,stks.& secur.

Reserve r i t h F. s . Bank
Cash i n vault
l e t demand deposits
Time deposits
Government deposits
Due from banks
Due to banks

15,739,318 1,090,547 6,027,568

848,444 1,465,623 518,844 503,833 2,419,35% 508,091 233.352 446,23% 335,560 1,341,868

128,690
6,56i,493
9,049,135

10,481
%8,588
%05,73^ 2,797,193
6/4,232 3,181,787

9,625
464,7S0
374,059

13,033 3,197 %,251
20,592 4,345 2,697 3,191 3,631
5,059
657,326 184,363 13'0,08S 1,054,921 21^/496 74,149127,249 86,708 360,456
795,26% 331,28% 369,%94 l,343,84l 285,250 156,506 315,79% 2%5,221 976,35

6,444,9^0

%50,326 2,299,5%2

^05,510

7%2,33l 159,790 1%1,53%

890,568 208,678 13%,317 2%1,705 123,2l6

6%7,%23

2,923,783
3,521,157

170,265 1,088,2%o
280,061 1,211,302

121,208
284,302

324,984 71,030 69,54i
417,347 88,760 71,993

382,307 73,278 73,154 115,319 85,149
508,261 135,%oo 61,163 126,386 38,067

349,30s
298,115

1,691,887
237,373

119,509
1 7,949

78,765
13,426

127,6l4 to,285 38,491
27,9%0 11,129 9,8%9

257,644 %%,788 23,155 57,470 32,101 114,396
39,295
6,653 5,850 11,330
8,544
a,175

757,669
64,228

12,952,061
6,903,565
18%,787

89%,208 5,579,956
%89,575 1,715,003
35,236
39,717

710,225 l,033,l60 35%,805 318,163 1,851,8%2 377,972 207,731 510,2%7 287,695 826,057
306,657 980,385 2%7,503 238,16% i,2%5,731 2%0,^% 128,39% 175,469 129,%U 1,005,789
21,617
20,72% 5,512 11,366
2%,9%% %,190
2,%9% %,265 6,622
11,100

1,06%,%76
3,036,215

%5,127 117,638
132,2%6 1,152,813

55,600
162,051

93,562 %7,52% 66,630
212,688 93,%93 93,588

Borrowings from FR Bk-total

764,9%6

%%,9%1

230,729

68,301

63,460

Secured by US Govt oblig.
All other

457,811
307,135

17,%85
27,%56

128,675
102,05%

51,672
16,629

37,15% 12,29% 13,858
26,306 1%,5%3 36,360

636

36

78

ITumber of reporting banks
C.




%
9

70

26.8%2 50,218

6%

31

232,089 %3,929
%85,510 112,070

%8,669 119,765 52,811
79,2%9 234,627 83,668

125.280

36.309

12.598

96,83% 11,252
28,446 25,057

7,220
5,378

92

29

2
%

15,971

1%1,132
194,212

20,981

69.316

9,681 12,703
6,290 8,278

58,983
10,333

6
%

4%

55