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STATELIEST FOR THE" PRESS s t . 6276 Federal Reserve Board August 5, 1929 For immediate r e l e a s e CONDITION OF WEZKLY REPORTING 1/EI3ER BAMS III LEADING CITIES The Federal Reserve Board's condition statement of weekly r e p o r t i n g member b-nks in 101 leading c i t i e s on J u l y shows increases f o r the week of $1^7,000,000 in loans and investments, of $250,000,000 in net demand deposits, and of $38,000,000 i n time d e p o s i t s . Loans on s e c u r i t i e s increased $61,000,000 a t r e p o r t i n g "banks i n the Heir York d i s t r i c t , $25,000,000 in the Chicago d i s t r i c t , $15,000,000 in the Cleveland d i s t r i c t and $105,000,000 a t a l l r e p o r t i n g t a n k s . "All other" loans declined $17,'000,000 a t a l l r e p o r t i n g banks* $29,000,000 in the New York d i s t r i c t and $12,000,000 in the Cleveland d i s t r i c t , and increased $14,000,000 in the Chicago d i s t r i c t and $7*000,000 in the San Francisco d i s t r i c t , Holdings of U. S. Government s e c u r i t i e s increased $27,000,000 in the New York d i s t r i c t and $24,000,000 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 $18,000,000 in the Chicago d i s t r i c t , $10,000,000 in the New Yorfc. d i s t r i c t and $36,000,000 a t a l l r e p o r t i n g banks. Net demand deposits, which a t a l l r e p o r t i n g banks were $250,000,000 above the July 24 t o t a l , i n c r e a s e d $152,000,000 in the New York d i s t r i c t , $67,000,000 in the Chicago d i s t r i c t , $12,000,000 in the Cleveland d i s t r i c t , and $9,000,000 in the Boston d i s t r i c t . Time d e p o s i t s increased $38,000,000 a t a l l r e p o r t i n g banks and $42,000,000 in the New York d i s t r i c t , and declined $11,000,000 in the San Francisco d i s t r i c t . The p r i n c i p a l changes i n borrowings from Federal reserve banks comprise a decline of $17,000,000 a t the Federal Reserve Bank of New York and an increase of $11,000,000 a t Chicago, a l l r e p o r t i n g banks showing a net reduction of $4,000,000 f o r the week. 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 weekly r e p o r t i n g member banks, together with changes during the week and the year ending Julv 31 1929, follows J ' (in m i l l i o n s of d o l l a r s ) Increase or decrease since Loans - t o t a l mzJ5hJS23. 22,606 17,058 J u l y 24,1921 Aug. 1. 1928 if" 1—1 + Loans and investments - t o t a l + 576 + +l,l4i 88 On s e c u r i t i e s All other 7,788 9,270 + 105 - 17 + + 834 307 Investments - t o t a l 5,5^9 + 59 - 564 2,747 2,802 + + 24 36 - 289 275 1,707 236 - 3 7 + 24 2 + 250 + 38* 3* + - 251 128 160 1,083 2,776 - 13 + 107 - 27 169 767 - . 4 - 87 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 deposits Due from banks Due to banks Borrowings from F. R. Banks W 13,396 6,712 85 *July 24 f i g u r e s r e v i s e d . Federal Reserve Board August 1, 1929 Tor" immediate r e l e a s e CONDITION OF WEEKLY REPORTING MEMBER BAMS IN CENTRAL RESERVE CITIES (In m i l l i o n s of d o l l a r s ) July 31 1929 J u l y 24 1929 Aug. 1 1928 7.502 7>136 5,815 5,284 3,082 2,768 3,017 2,797 2,#646 2,'638 1.726 1,687 1,852 973 753 9^6 74l 1,081 771 743 52 737 53 759 50 Net demand deposits Time deposits Government d e p o s i t s 5,357 1,150 22 5,203 1,105 22 5,252 1,159 50 Due from hanks Due to banks 97 1,023 102 900 103 1,019 282 305 255 Loans on s e c u r i t i e s to brokers and d e a l e r s : For own account For account of out-of-town hanks For account of o t h e r s Total 1,205 1,696 3,058 5.960 1,193 1,680 3,034 5,908 928 1,477 1,854 4,259 On demand On time 5,605 355 5,554 354 3,304 955 NE'J YORK Loans and investments - t o t a l 7.575 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. Bank Cash i n vault Borrowings from F. R. Bank CHICAGO Loans and investments - t o t a l 2.061 2,012 2,06l Loans - t o t a l 1,636 l,bo6 1,580 030 y0y 909 696 851 729 424 4o6 481 l64 260 165 24l 221 260 173 173 l6 16 1,289 638 g 1,230 636 6 1,236 688 l6 ]jg 298 149 304 166 352 36 32 93 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 i n v a u l t Net demand deposits Time deposits Government deposits Due from hanks Dae to hanks Borrowings from F. R. Bank ( S t . 6276a) C. For immediate r e l e a s e St. 6276b PRINCIPAL RESOURCES AND LIABILITIES OP WEEKLY REPORTING MEMBER BANKS IN EACH FEDERAL RESERVE DISTRICT ON rffJTrf y i 1929 (in m i l l i o n s of d o l l a r s ) Total Ifederal Boston New York Phila. Cleve. Rich. Reserve A t l a n t a j Chicago St. Loui s DisStrict Minn. Kansas v 1 uy Dallas San Fran. 1,512 8,822 1,220 2,192 674 64l 3,353 689 393 706 477 1,927 Leans - t o t a l 17,05S 1,162 6,79S 913 1,549 516 515 2,648 523 268 477 355 1,334 483 679 3,515 3,283 476 436 737 ' 812 200 316 152 363 1,252 1,396 239 284 89 17s 13° 347 105 250 4O9 925 5,549 351 2,024 308 643 158 125 704 165 125 229 122 coli 2,747 2,802 173 178 1,075 949 95 213 306 33S It 67 311 393 54 111 69 5$ 107 122 4i 81 343 1,707 236 99 18 804 65 77 13 128 28 4o 12 38 11 256 39 24 6 59 11 32 8 106 19 13,396 6,712 85 927 457 5 5,950 1,680 23 713 266 8 1,058 952 7 350 242 4 314 239 6 1,924 1,230 9 364 225 2 233 131 1 517 181 2 277 142 5 769 966 13 63 85 202 419 46 io4 50 75 119 228 49 70 l4i 175 1^4 84 4j> 14 26 24 47 On s e c u r i t i e s All other Investments - t o t a l U. S. Gcvt„ s e c u r i t i e s Other s e c u r i t i e s Reserve with P. 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 P. R. Bank W OJ 22,606 r— cr\ Loans and i n v e s t m e n t s - t o t a l 1,083 2,776 66 109 148 1,077 154 94 192 48 89 767 46 329 32 51 28 . £CZ-± — 250
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