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STATEMENT FOR TEE PRESS Released, f o r p u b l i c a t i o n F r i d a y a f t e r n o o n , Aug. 8 ; not e a r l i e r . F e d e r a l Reserve Board, August 7, 1924. CONDITION OF MEMBER BANKS IN LEADING CITIES I n c r e a s e s of $ 9 3 , 0 0 0 , 0 0 0 in l o a n s and i n v e s t m e n t s , of $97,GOO,000 i n n e t demand d e p o s i t s and of $ 2 2 , 0 0 0 , 0 0 0 i n r e s e r v e b a l a n c e s w i t h F e d e r a l r e s e r v e banks, a r e shown i n t h e F e d e r a l Reserve Board 1 s weekly c o n s o l i d a t e d s t a t e m e n t of c o n d i t i o n on J u l y of 7*47 member banks in l e a d i n g c i t i e s . T o t a l l o a n s and d i s c o u n t s i n c r e a s e d by $ 4 8 , 0 0 0 , 0 0 0 , t h e l a r g e r i n c r e a s e of $53)000,000 i n l o a n s on c o r p o r a t e s e c u r i t i e s being p a r t l y o f f s e t by a d e c r e a s e of $5,000,000 i n l o a n s cn U. S, Government s e c u r i t i e s . Investment ; h o l d i n g s of U. S. bonds were i n c r e a s e d by $ 1 1 , 0 0 0 , 0 0 0 and h o l d i n g s of c o r p o r a t e s e c u r i t i e s by $45,000,000, w h i l e h o l d i n g s of T r e a s u r y n o t e 3 and c e r t i f i c a t e s of i n d e b t e d n e s s show:, an a g g r e g a t e d e c l i n e of $ 1 1 , 0 0 0 , 0 0 0 . Member banks in New York C i t y r e p o r t a d e c r e a s e of $ 4 , 0 0 0 , 0 0 0 in l o a n s on U. S. Government s e c u r i t i e s , a s a g a i n s t i n c r e a s e s of $33,000,000 i n l o a n s on c o r p o r a t e s e c u r i t i e s and of $ 2 , 0 0 0 , 0 0 0 in "All o t h e r , " l a r g e l y commercial, l o a n s and d i s c o u n t s . I n v e s t m e n t s of t h e s e banks in U. S. bends and. c o r p o r a t e s e c u r i t i e s shorn i n c r e a s e s of $ 2 , 0 0 0 , 0 0 0 aid $ 2 4 , 0 0 0 , 0 0 0 , r e s p e c t i v e l y , whereas h o l d i n g s of c e r t i f i c a t e s of i n d e b t e d n e s s show a r e d u c t i o n of $ 5 , 0 0 0 , 0 0 0 . Of t h e i n c r e a s e of $ 9 7 , 0 0 0 , 0 0 0 i n n e t demand d e p o s i t s , $46,000,000 was r e p o r t e d f o r t h e New York d i s t r i c t , $ l 6 , 0 0 0 , 0 0 0 - f o r t h e Cleveland d i s t r i c t , $ 1 5 , 0 0 0 , 0 0 0 f o r t h e Chicago d i s t r i c t , $3,000,000 - f o r t h e Kansas C i t y d i s t r i c t and $7,000,000 f o r t h e Richmond d i s t r i c t . Time d e p o s i t s shew an i n c r e a s e of $ 2 , 0 0 0 , 0 0 0 f o r a l l r e p o r t i n g members a s a g a i n s t a d e c l i n e of $2,000,000 f o r t h e New York C i t y members. Net w i t h d r a w a l s of government d e p o s i t s a g g r e g a t e d $ 4 , 0 0 0 , 0 0 0 . Reserve b a l a n c e s of a l l r e p o r t i n g members were i n c r e a s e d ty $ 2 2 , 0 0 0 , 0 0 0 , of wMcn $11,000,000 i s r e p o r t e d f o r banks i n t h e Cleveland d i s t r i c t . Reserve b a l a n c e s of t h e New York C i t y b m k s were reduced ty $ 2 , 0 0 0 , 0 0 0 , Cash i n v a u l t shows an i n c r e a s e ox $11,000,000, of which $ 1 0 , 0 0 0 , 0 0 0 was r e p o r t e d by t h e New York C i t y b a n k s . Borrowings of a l l r e p o r t i n g i n s t i t u t i o n s from t h e F e d e r a l r e s e r v e banks i n c r e a s e d frcm $69,000,000 t o $ 7 2 , 0 0 0 , 0 0 0 . Like borrowings of t h e New York C i t y members i n c r e a s e d from $ 5 , 0 0 0 , 0 0 0 t o $ 6 , 0 0 0 , 0 0 0 . A summary of changes i n t h e 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 r e p o r t i n g members d u r i n g t h e week a n d t ie y e a r ending J u l y 30, 1924, f o l l o w s : I n c r e a s e or d e c r e a s e during Week Year Loans and d i s c o u n t s , t o t a l Secured by U . S . Government o b l i g a t i o n s . . . . Secured by s t o c k s and bonds iUl o t h e r . . . + $48,000,000 5,000,000 + 53,000,000 - + $525,000,000 41,000,000 + 529,000,000 + 37,000,000 Investments, t o t a l U. S. bonds U. S. T r e a s u r y n o t e s U. S. C e r t i f i c a t e s of i n d e b t e d n e s s Other bonds, s t o c k s and s e c u r i t i e s + + - 45,000,000 11,000,000 1,000,000 10,000,000 + + + + 45,000,000 + 377,000,000 204,000,000 253,000,000 14,000,000 4 1 2 , ,000, : Reserve b a l a n c e s w i t h F, R. Banks Cash i n v a u l t + + 22,000,000 11,000,000 + + 195,000,000 13,000,000 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 + + - 97,000,000 +1,153,000,000 2 , 0 0 0 , 0 0 0 + 520,000,000 4,000,000 51,000,000 . . . . . . . . . T o t a l accommodation at F„ R. banks V, . + 3,000,000 - 443,000,000 R e l e a s e d f c r p a b l ' c a t ion F r i d a y a f t e r n o o n , August 8 , 1924; n o t e a r l i e r . S t . 4182a PRINCIPAL RESOURCE A ® LIABILITY ITEMS OF REPORTING MEMBER BANKS IN LEADING CITIES ( I n t h o u s a n d s of d o l l a r s ) Number of r e p o r t i n g banks Loans and d i s c o u n t s , g r o s s : Secured by U. S. Government o b l i g a t i o n s - J u l y 30, 1924 747 rrr-2::::::::::: Aug. 1, 1923 214 ?gq oxn K46 12,264,945 12,217,299 11,883,589 11,739,800 U. S. Pre-war bonds 272,795 274,101 269,544 276,640 U. S . Liberty bonds 1,98,970 1,282,986 1,012,648 1,063,474 U. S. Treasury bonds 64,779 68,201 79,108 92,372 U. S. Treasury n o t e s 648,164 649,522 8 22,613 900,786 U. S. C e r t i f i c a t e s o f indebtedness 117,377 126,586 104,802 103,736 2,584,985 2,539,755 2,190,901 2,173,133 17,252,015 17,158,750 16,363,505 16,349,941 - - Other bonds, s t o c k s aid s e c u r i t i e s . . . T o t a l l o a n s and d i s c o u n t s an) investments Reserve b a l a n c e s w i t h Federal Reserve Banks Cash i n v a u l t Net demand d e p o s i t s ime epos i t s Government d e p o s i t s 195 J a n . 30, 1924 205 Total l o a m md d i s c o u n t s - 189,628 J u l y 23, 1924 1,590,684 1,569,101 1,425,331 284,753 273,956 272,966 12,232,751 12,135,262 11,239,097 4,491,956 4,489,661 4,097,307 95,911 100,009 138.719 147,040 g . j g if,275 120,421 152,693 237! 851 1 395 82>5 'snlus 11,079,524 3,972,103 B i l l s p a y a b l e and r e d i s c o u n t s w i t h F e d e r a l Reserve Banks: m™tr b y - u : R a t i o of b i l l s p a y a b l e and r e d i s c o u n t s with F e d e r a l Reserve Banks t o t o t a l l o a n s and i n v e s t m e n t s , p e r cent - - C. 43,026 4 *45,4:65 h *4 1-7 *Bevised f i g u r e s . # 277,942 3.2 v3 l e a s e d f o r p u b l i c a t i m F r i d a y a f t e r n o o n , August S , 1924; n o t e a r l i e r . St 4lg2b PRINCIPAL RESOURCE AND LIABILITY ITEMS OF ALL REPORTING MEMBER BANKS IN EACH FEDERAL RESERVE DISTRICT AS AT CLOSE OF BUSINESS, JULY JO, 1924. ( I n t h o u s a n d s of d o l l a r s ) F e d e r a l Reserve D i s t r i c t B o s t m Me* York Phila. Cleve. R i c h : A t l a n t ^ C M c ^ . S t . L o u i s Minn. Ifans.Cy. D a l l a s San F r a n . ^ i ~ Number of r e p o r t i n g b a n k s 4) 108 55 73 75 104 34 66 74? 25 ?2 51 Loans acd d i s c o u n t s , g r o s s : : sK&krsS'illalllis all;s S, 2 # # i g j ; g | : | ig ;.ag T o t a l l o a n s and d i s c o u n t s 8 9 5 . 0 0 5 4 , 5 3 3 , 1 4 0 653,461 1 , 1 3 4 , 3 2 1 4 5 9 , 8 1 0 4 0 5 , 5 4 9 1 , 8 3 5 , 2 0 6 4 5 9 , 0 ® U. S. Pre-war bonds U. S. Liberty tods U. S. Treasury bonds U. S. Treasury n o t e s U. S. C e r t i f i c a t e s of Indebtedness Other bonds, s t o c k s and SeCUrlti6S 24,889 14,609 220,671 1*02,361 £62,708 8,398 18,585 26 752 11,929 1,003 652 izz&ok*. 13,725 52,224 10,692 4?,058 28,531 15,203 86,167 609,452 48,842 180,313 24,572 8,558 135.823 22,035 22,499 38.753 12,520 109^36 1,298*970 5,868 18,988 2,624 2,028 9&7 627 11,158 3.077 380 1,941 1,233 15 888 64*779 12.113 330.288 26,404 57,111 5,734 3,424 118,448 9,969 21,832 17.549 9,019 36 273 64s'l64 I4,l4s 56,315 5,194 6,039 2.587 1,285 14,898 1,266 1,665 1,700 3,24l 9 0% ' 117 x n ' 198.28* 1 , 0 1 2 , 8 6 3 226,216 328,462 54.202 41,027 372.534 92.794 24.Q17 13,152 160.164 2.584.985 M ' 2 7 2 TO T o t a l l o a n s and d i s c o u n t s and investments ' 1,225.290 6,613,270 975,435 1,755,332 576,403 475,973 2,512.958 603,0C9 300,362 532,621 320.45s 1,360,904 17,252 015 Deserve balances w i t h F.R.Bk. 96.936 761,795 75,695 119,504 Cash in vault 18,794 67,o4i 14,720 29,462 37,606 31,875 230,623 46,360 13,397 10,253 53,500 7,295 21,549 45,925 21325 i 0 1 4qj (*>. 6,112 12,775 10,209 21'195 '284*753 Net demand d e p o s i t s s 6 l , 0 7 7 5 , 5 3 1 . 5 7 8 718,471 9 6 4 , 5 6 3 3 3 0 , 5 3 4 265.552 1 , 6 4 4 , 4 7 7 356,514 192.261 4 1 4 , 9 3 0 210,334 742 46o 12 232*751 TlDS d e p o s i t s 315,014 1,010,120 141,046 687.968 174,482 187,927 623*470 4*491*956 Government d e p o s i t s B i l l s p a y a b l e and r e d i s c o u n t s w i t h F . R. Bank: — 14,255 a 19,501 " : S 12,180 13,125 s 4,461 a 5,192 M B 839,382 201,398 88,536 135,054 87,539 12,275 !:!S 2,170 2,203 1,022 , , $ £ 2 770 s . g 6*757 , . g ' ' 95,911 > 1 : S Released for p u b l i c a t i o n F r i d a y afternoon, August 8", 298k> nsfc e a r l i e r . - St, - PRINCIPAL RESOURCE AMD LIABILITY ITEMS OF REPORTING MEMBER BANKS IN F. r. BANK AND BRANCH CITIES A3® IN OTHER SELECTED CITIES ; ( I n thousands of d o l l a r s ) All F. R. F. R. Other New York City City of Chicago Bank c i t i e s Branch c i t i e s selected c i t i e s July 30 July 23 July 30 July 23 July 30 July 23 July 3° July 23 July 30 July 23 Number of reporting banks 67 67 48 4S 255 255 196 196 296 296 Loans and d i s c o u n t s , g r o s s : Secured ty U.S.Govt, o b l i g a t i o n s 27,172 130,383 134,705 31,008 67,975 7 2,048 26,773 30,944 28,237 29,556 Secured by s t o c k s and bonds 1,764,487 1,730,830 476,095 469,189 3,098,690 3,051,689 618,848 619,656 523,593 516,504 All other loans and d i s c o u n t s 2,203,750 2,202,127 695,158 698,869 4,930,322 4 , 9 2 0 . 6 4 3 l,575J4og l . 5 S o | o 2 i 1,328.'456 1.333[581 Total loans and d i s c o u n t s U. S. Pre-war bonds U. S. Liberty bonds U. S. Treasury bends 4,036,212 4,005,005 1,198,02b 1,195,230 40,221 40,219 4,138 4,137 536,166 62,948 532,994 69,037 11,869 13,293 3,691 3,637 U. S. Treasury n o t e s U. S. C e r t i f i c a t e s of indebtedness 309,405 55,359 309,504 Other bonds, stocks and s e c u r i t i e s 767,205 742,864 Total loans and discounts and. investments 710,474 73,001 180,882 93,022 93,481 805,575 796,413 34,244 32,230 6,165 481,935 89,244 175,526 1,463,206 712,590 62,810 164,692 168,917 27,895 27,801 1,175,995 147,138 5,016,424 4,969,581 1,133,681 1,124,289 8,627,687 Time d e p o s i t s Government deposits B i l l s payable and red iscounts with F. R. Bank '• Secured by U.S.Govt, o b l i g a t i o n s All other Ratio of b i l l s payable and rediscounts with F. R. Bark t o t o t a l loans and investments, per cent 6,096 85,872 8,107,037 2 , 2 2 5 , 2 6 4 2,230,621 74,849 75,983 307,530 16,750 313,383 16,032 116,202 116,154 699,913 16,546 702,321 16,546 2,659 2,325 3,389 2,285 .1 .1 391,982 6,084 395,724 6,084 250 101 200 266 .02 .03 1,880,286 1,879,641 104,924 180,012 98,528 19,347 19,747 50,027 8,786 1,429,077 64l,56l 634,610 480,212 2,720,770 2,715,866 167,211 164,465 78,574 78,716 7,362 482,709 3,406,63s 3,401,395 l,166,706 247,478 237,930 135,875 59,041 59,365 8,555,134 1,971,151 1,948,908 2,207,226 2,206,339 1,332,320 1,332,760 16,517 1,633,913 1,631,220 952,410 950,562 63,711 69,247 23,327 23,400 8,873 5,582 *6,605 14,297 9,077 8,701 10,949 22,066 11,883 .2 104,637 179,043 17,207 50,659 8,611 476,068 5,756,435 5,704,209 1,547,152 1,533,515 11,124,607 11,041,489 Reserve balances with F.R. Bank Cash in vault Net demand d e p o s i t s 60,328 85,282 8,159,395 *9,187 .2 •7 •Revised f i g u r e s .6 9,482 1.2 8,969 25,329 1-3
@FedFRASER