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STATEMENT FOR THE PRESS For immediate r e l e a s e Si*, n s s j Federal Reserve Beard, August 27, 1923 CONDITION OF MEMBER BANKS IN LEADING CITIES The Federal Reserve Board's condition statement of 635 reporting member banks i n leading c i t i e s as of August 22 shows decreases f o r the week of $42,000,000 i n loans and discounts, of $37,000,000 i n investments and of $l6S,000,000 i n dep o s i t s , and an increase of $33,000,000 i n "borrowings from Federal reserve "banks. 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 $36,000,000 "below the August 15 t o t a l at a l l reporting "banks, a decrease of $17*000,000 "being reported f o r member "banks i n the Beet on d i s t r i c t , of $5,000,000 i n the 03ovolaad d i s t r i c t and smaller decreases i n most of the other d i s t r i c t s . "All other % loans and discounts increased $7,000,000 i n the New York d i s t r i c t and $5,000,0JO i n the St. Louis d i s t r i c t and declined i n most of the other d i s t r i c t s , the net decrease at a l l reporting banks being $6,000,000. Holdings of U. S. Government s e c u r i t i e s declined $6,000,000 and $5,000,000, r e s p e c t i v e l y , at reporting banks i n the Atlanta and. Chicago d i s t r i c t s and $15,000,000 at a l l r e p o r t i n g banks. Holdings of other bunds, stocks and s e c u r i t i e s declined $11,000,000 i n the New York d i s t r i c t , $7>000,000 i n the Chicago d i s t r i c t and $22,000,000 a t a l l reporting banks. Net demand d e p o s i t s were $125,000,000 below the amount reported a week ago, the principal reductions by d i s t r i c t s being: Chicago $36,000,000, New York $30,000,000, Sar. Francisco $18,000,000, St. Louis $10,000,000, Kansas City $8,000,000 and Boston and Richmond $7,000,000 each. A decline of $15,000,000 in time deposits in the New York d i s t r i c t was l a r g e l y o f f s e t by an increase of $13,000,000 in the Chicago d i s t r i c t , a l l reporting banks showing a decline of $7,000,000 for the week. A l l d i s t r i c t s p a r t i c i p a t e d i n the reduction of $36,000,000 in Government d e p o s i t s . The principal changes i n borrowings from the Federal reserve banks were increases of $^40,000,000 a t reporting banks in the Nov? York d i s t r i c t , $10,000,000 i n the Chicago d i s t r i c t and $5™000,000 in the San Francisco d i s t r i c t , and decreases of $11,000,000 in the Cleveland d i s t r i c t and $7,000,000 in the Boston district. 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 635 reporting member banks, together with changes during the week and the year ending August 22, 1928, follows: . , ...... x (In thousands of d o l l a r s ) Aug. 22, Increase or decrease during Week Year 1928 + 1,543,627 Loans and investments - t o t a l 78,659 22,105,599 + 1,089,213 41,523 Loans and discounts - t o t a l 15,697,795 Secured by U.S. Govt, 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 125,878 6,528,549 9,043,368 6,407,804 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 in vault Net demand deposits Time deposits Government deposits Due from banks Due to banks Borrowings from F. R. banks - t o t a l 2,908,951 3,498,853 Secured by U.S.Govt, o b l i g a t i o n s All other 1,668,005 246,051 12,827,066 6,896,711 148,179 1,042,961 2,960,388 797,691 - - - — + • - - + 2,812 32,944 5,767 37,136 14,832 22,304 *3,^79 8,67s 124,995 6,854 *36,181 21,515 75,827 32,745 + + + + + + — 11,891 561,312 516,010 454,414 413,886 40,528 45.509 - 8,825 - 359,682 - 587,025 107,802 51.007 301,685 + 540,338 + + - + 21,104 4319,764 478,915 + + ll,64i 220,574 318,776 •Aug. 15 f i g u r e s r e v i s e d . Federal :1asor-, i Board, Axi^ist , I92S'. For immediate r e l e a s e COHDITION OF WEEKLY REPORTING MEMBER BAMS IM CEMTRAL RESEHVE CI Til 3 ( i n thousands of d o l l a r s ) Aug. 22 Aug. 15 ^ug. 24 Loans and investments - t o t a l 7,107,620 7,113,471 6,509,566 Loans and discounts - t o t a l 5,254,698 5,251,615 4,695,912 45,136 2,400,075 2,809,487 46,670 2,399,771 2,805,174 31,986 2,195,569 2,463,357 1,852,922 1,361,856 1,313,654 995,797 857,125 994,939 366,917 839,976 923,678 692,257 51,86i 695.290 51,378 725,901 54,723 "Jet demand d e p o s i t s Time deposits Government d e p o s i t s 4,985,967 1,15s:, 087 24,568 5,013,390 1,172,151 32,035 5,121,323 1,006,896 4,467 Aic from banks Due to banks 86,275 1,061,20s 35,062 1,093,400 79,279 1,124,782 229,040 187,610 86,652 123,820 105,220 39,945 97,665 50,200 36,452 and dealers (secured by stocks own account 803,873 account of out-of-town banks 1,535,44s account of others 1.856.810 733,437 1,579,742 1,860,051 1,000,961 1,246,348 920,265 Total 4,201,131 4,223,230 3,168,074 3,350,256 850,875 3,361,774 861,456 2,335,079 332,995 Loans and investments - t o t a l 2.047.602 , 2,055,138 1,949,324 Loans and discounts - t o t a l 1,574,615 1,571,370 1,504,493 14,619 783,470 776,526 14,620 784,371 771,879 809,932 680,161 472,987 216,070 256,917 483,768 444,331 221,086 262,682 187,205 25,7,626 179,209 16,234 179,840 l6,46o 190,693 18,471 1.225,693 672,163 12,415 1,235,324 669,911 l4,8l4 1,304,216 619,836 3,013 150,015 340,200 76,758 65,909 10,849 155,230 343,911 81,653 145,331 360,806 67,494 2,645 330 Secured "by U. 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 -Loserve with F. H. Bank Cash i n vault Borrowings from F. R. bank - t o t a l Secured by U, S. Government o b l i g a t i o n s All other Loans to brokers and bonds):For For For On demand On time CHICAGO - 43 BAMS Secured by U. S. Government o b l i g a t i o n s Secured by stocks and bonds A l l 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 Net demand d e p o s i t s Time deposits Government d e p o s i t s Aie from banks Die to banks Borrowings from F. R. bank - t o t a l Secured by U. S.Government o b l i g a t i o n s All other C. l4,4oo l4,i64 ( S t . 5887a) 2,975 For immediate release St. 5SS7"b PRINCIPAL RESOURCES AND LIABILITIES OF ALL REPORTING- MEMBER BANKS IN EACH FEDERAL RESERVE DISTRICT AS AT CLOSE OF BUSINESS,AUGUST 22,1928. ( i n thousands of dollars) Federal Reserve D i s t r i c t Total Boston New York Phila. Cleve. Rich. Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas San Fran. Loans and investments-total 22,105,599 1,517,984 8,319,035 1,2%,286 2,200,915 675,813 639,348 3,290,434 720,473 36g,74l 680,920 452,735 1,989,915 Loans and discounts-total Secured "by US Govt, oblige 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. & s'ecur. Reserve uith F. R. Bank Cash i n vault Net demand deposits Time deposits Government deposits Due from banks Due to banks 15,697,795 1,069,835 6,029,675 845,037 1,457,631 518,332 503,956 2,411,384 511,819 235,468 439,409 333,298 1,341,951 125,878 6.528,549 9,043,368 10,361 47,123 388,471 2,794.102 671,003 3,188,450 8,4:70 466,001 370,566 3,639 13,O4I 3,203 4,282 20,758 4,297 2,357 3,326 652,694 181,917 133,675 1,051,353 216,937 73,874 123,164 86.270 791.896 333,212 365,999 1,339,273 290,585 159,237 312.919 243.389 5.021 360,091 976,839 6,407,804 44s,149 2,289,360 Mo4,249 743.284 157.481 135,392 879,050 208,654 133,273 241,511 119,437 647,964 2,908,951 3.498,853 169,714 1,088,995 278,435 1,200,365 120,464 283,785 323,882 419.402 70,4i6 87.065 377.502 73,301 501,548 135,353 72,165 115.971 61,108 125,540 81,652 37.785 351,744 296,220 78,360 13.624 130.186 30.133 38,830 39,048 11.582 10,042 24,056 5,787 32.834 9.041 115,512 21,192 1,668,005 246,051 97,102 18,522 753,495 65.373 63,145 72,247 256,829 42,976 43.321 6,526 58,432 11,253 12,827,066 6,896,711 148,179 887,46O 5,550.427 489,532 1,700,003 23,378 29.473 808,590 705.641 1.036,929 348,372 313,161 1,816,279 367.911 207.848 502,699 281,749 305.707 979,327 247,367 238,530 1,258,593 241,030 129.017 173,576 128,470 1,005,559 4,885 7,820 2,031 8,592 20,610 3,452 17,002 4,673 3,265 17.993 1,042,961 2,960,388 120,364 41,781 125,266 1,119,513 54,155 159.962 94,951 207,117 45,816 90,700 64,6o4 91.554 221,167 46,533 1481,590 108,551 45,210 114,751 81,002 225,265 52.573 84,209 l4l,05o 185,659 Borrowings from FR Bk-total 797,691 37,875 270,591 68,808 52,854 27,295 46,295 124,030 46,746 13.268 15,731 20,159 73,989 Secured by US Govt oblig. All other 478,915 318,776 18,195 19,680 160,728 109,863 52.784 16,024 24,752 28,102 11.599 15,696 11,703 34,592 96.769 27,311 15,195 31,551 7.365 • 5,903 7.435 8,296 12,789 7.370 59,601 14,388 635 36 78 49 70 64 31 92 29 24 64 44 54 Number of reporting banks c.
@FedFRASER