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STATEMENT FOR THE PRESS Released f o r p u b l i c a t i o n Friday a f t e r n o o n , D-c. U , not e a r n e r . ^.7^7 F a d e r a l R e s e r v e Board December 1 0 , 1 9 2 5 . CONDITION OF MEMBER BA:7vS IN LEADING CITIES , F e d e r a l R e s e r v e B o a r d ' s w e e k l y s t a t e m e n t of c o n d i t i o n o f / m e m b e r b a n k s i n p l e a d i n g c i t i e s a s of December 2 shows an i n c r e a s e of $ 4 7 , 0 0 0 , 0 0 0 i n l o a n s and i s c o u n t s and a d e c l i n e of $ 1 2 , O O v , 0 0 0 i n i n v e s t m e n t s , These c h a n g e s w e r e a c c o m p a n i e d by a d e c r e a s e of $ 1 2 , 0 0 0 , 0 0 0 i n time d e p o s i t s , and i n c r e a s e s o f $ 7 4 , 0 0 0 , 0 0 0 i n n e t demand d e p o s i t s and of $ 2 3 , 0 0 0 , 0 0 0 i n b o r r o w i n g s f r o m t h e Mernbsr b a n k a I o c S ^ !!!ar79 bankSl i n New York C i t y r e p o r t e d i n c r e a s e s o f 3 ^ 5 , 0 0 0 , 0 0 0 i n l o a n s and d i s c o u n t s and of $ 3 5 , 0 0 0 , 0 0 0 i n n e t demand d e p o s i t s , t o g e t h e r w i t h r e d u c t i o n s of $ 1 6 , 0 0 0 , 0 0 0 i n i n v e s t m e n t s a n d of $ 9 , 0 0 0 , 0 0 0 i n t i m e deposits. L o a n s on U. S. Government o b l i g a t i o n s w e n t u p * 2 , 0 0 0 , 0 0 0 e a c h i n t h e C h i c a g o and S t . L o u i s d i s t r i c t s . Loans on c o r p o r a t e s t o c k s and b o n d s d e c l i n e d $ 2 , 0 0 0 , 0 0 0 , s m a l l i n c r e a s e s i n t h e B o s t o n , P h i l a d e l p h i a and Richmond d i s t r i c t s b e i n g more t h a n o t f s e t by d e c l i n e s i n t h e A t l a n t a , C h i c a g o and San F r a n c i s c o districts. A l l o t h e r l o a n s and d i s c o u n t s were $ 4 6 , 0 0 0 , 0 0 0 l a r g e r t h a n a week a g e , b a n k s i n t h e New York d i s t r i c t r e p o r t i n g a n i n c r e a s e of $2=1,000,000, B o s t o n - of $ 1 5 , 0 0 0 , 0 0 0 , a n d San F r a n c i s c o and C h i c a g o $ 9 , 0 0 0 , 0 0 0 and $ 6 * 0 0 0 , 0 0 0 r e s p e c t i v e l y , w h i l e r e d u c t i o n s o f $ 1 3 , 0 0 0 , 0 0 0 and $ 5 , 0 0 0 , 0 0 0 were r e p o r t e d f o r t h e P h i l a d e l p h i a and C l e v e l a n d d i s t r i c t s . I n v e s t m e n t s i n U. S, G o v e r n m e n t s e c u r i t i e s w e r e / l a r g e r ' t h a n a w e e k ago a t b a n k s i n t h e New York d i s t r i c t , w h i l e b a n k s i n e t h e r d i s t r i c t s r e p o r t e d l i t t l e o r no c h a n g e i n t h i s i t e m . H o l d i n g s of o t h e r b o n d s , s t o c k s and s e c u r i t i e s were r e d u c e d by $ 1 9 , 0 0 0 , 0 0 0 , t h e p r i n c i p a l c h a n g e s b e i n g a d e c l i n e of $ 2 6 , 0 0 0 , 0 0 0 i n t h e New York d i s t r i c t and a n i n c r e a s e of $ 1 1 , 0 0 0 , 0 0 0 i n t h e C l e v e l a n d d i s t r i c t . Net demand d e p o s i t s w e n t u p $ 7 4 , 0 0 0 , 0 0 0 , i n c r e a s e s of $ 4 9 , 0 0 0 , 0 0 0 i n t h e New York d i s t r i c t , $ 1 7 , 0 0 0 , 0 0 0 i n t h e S t . L o u i s d i s t r i c t a n d $ 1 5 , 0 0 0 , 0 0 0 and * 9 , 0 0 0 , 0 0 0 , r e s p e c t i v e l y , i n t h e C l e v e l a n d and Richmond d i s t r i c t s , b e i n g o f f s e t i n p a r t by a r e d u c t i o n of $13,COO,000 i n t h e C h i c a g o d i s t r i c t . Time d e p o s i t s d e c l i n e d i n most d i s t r i c t s , t h e l a r g e s t r e d u c t i o n b e i n g ^ 3 1 0 0 0 , 0 0 0 i n t h e New York d i s t r i c t . Banks i n t h e B o s t o n d i s t r i c t , h o w e v e r , r e p o r t e d a n i n c r e a s e of $ 9 , 0 0 0 , 0 0 0 i n t h i s i t e m . The p r i n c i p a l c h a n g e s i n b o r r o w i n g s f r o m t h e F e d e r a l r e s e r v e b a n k s i n c l u d e i n c r e a s e s of $ 1 0 , 0 0 0 , 0 0 0 i n t h e Chicago d i s t r i c t , $ 9 , 0 0 0 , 0 0 0 i n t h e S a n F r a n c i s c o d i s t r i c t , a n d $ 8 , 0 0 0 , 0 0 0 and $ 6 , 0 0 0 , 0 0 0 i n t h e B o s t o n and A t l a n t a d i s t r i c t s , r e s p e c t i v e l y , and r e d u c t i o n s of $ 7 , 0 0 0 , 0 0 0 i n t h e New York d i s t r i c t and $ 5 , 0 0 0 , 0 0 0 i n t h e S t . L o u i s d i s t r i c t . A summary of c h a n g e s 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 h e y e a r e n d i n g December 2, 1 9 2 5 , f o l l o w s r Increase or decrease Week Loans and d i s c o u n t s , t o t a l . . . . S e c u r e d by U . S . G o v t . o b l i g a t i o n s S e c u r e d by s t o c k s and bonds . . All other . . . Investments, t o t a l U. S. b o n d s U. S. T r e a s u r y n o t e s . . . . . . U. S. T r e a s u r y c e r t i f i c a t e s . , O t h e r b e n d s , s t o c k s and s e c u r i t i e s - + - + - 2,000,000 46,000,000 12,000,000 12,000,000 4,000,000 1 , 0 0 0 , 000 19,000,000 R e s e r v e b a l a n c e s w i t h F . R. Banks Cash i n 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 . . . . . . . . + 74,000,000 - 12,000,000 T o t a l a c c o m m o d a t i o n a t F. R. Banks . C. + $47,000,000 + 3,000,000 — 13,000,000 6,000,000 - 23,000,000 during Year + $1,091,000,000 - + + - + - + - - + - 4* 32,000,000 894,000,000 229,000,000 219,000,000 231,000,000 288,000,000 194,000,000 32,000,000 56,000,000 17,000,000 112,000,000 521,000,000 87,000,000 348,000,000 n e a s f o r -duo! i c a t i o n F r i d a y terno< December 1 1 , 1 9 2 5 ; n o t e a r l i 4757a PRINCIPAL RESOURCES AND LIABILITIES 0 5 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 ) R e p o r t i n g member b a n k s A l l r e p o r t i n g member b a n k s i n New York C i t y Dec. 2 Nov. 25 Dec. 3 Dec. 2 Nov. 25 Dec. 3 1925 1925 1924 1925 1925 1924 Number o f r e p o r t i n g b a n k s - - — - - - - 722 722 61 61 739 67 L o a n s and d i s c o u n t s , g r o s s : S e c u r e d by U. S. Government o b l i g a t i o n s 167,126 163,635 199,046 49,790 50,288 81,845 S e c u r e d by s t o c k s a n d b o n d s - - - — - 5,415,508 5,417,924 4,521,646 2,145,119 2,146,548 1,860,663 All o t h e r l o a n s and d i s c o u n t s - - - - - .8,1*23.302 2 , 3 7 7 , 6 5 3 8 , 1 9 4 . 0 7 6 2 , 2 9 5 , 7 5 9 2 , 2 6 8 , 6 2 4 2 , 3 1 3 . 1 0 6 T o t a l l o a n s and d i s c o u n t s 14,005,936 13,959,212 12,914,768 4,490,668 4,465,460 4,255,614 Investments: U„ 3- P r e - w a r b o n d s - - - - - - U, S, L i b e r t y "bonds - - - - - - Ui 5< T r e a s u r y b o n d s - - - - - Qe S. T r e a s u r y n o t e s - - - - - U, S, T r e a s u r y c e r t i f i c a t e s - - O t h e r b o n d s , s t o c k s and s e c u r i t i e s Total 221,341 1,396,429 431,377 350,584 84,155 2,908,807 i n v e s t m e n t s — — — — — ———— — — T o t a l l o a n s and i n v e s t m e n t s - - - - R e s e r v e b a l a n c e s w i t h F . R. Banks - - - - v i s h i n v a u l t ™ — — — — — — —— — — — —— — Net demand d e p o s i t s - - - - - - - __ Time d e p o s i t s —————— — — — 220,557 263,961 1,386,891 429,304 354,962 1,486,224 67,321 2,927,985 2,876,657 55,030 638,983 278,599 5,392,693 5,404,729 5,611,745 29,681 513,358 155,669 159,424 14,008 509,579 299,216 31C.,-401 13,099,512 13,025,048 13,211,894 835,890 46 46 16,405 23,922 638,251 4 9 9 , 3 3 7 670,705 670,138 710,495 1,322,605 1,324,794 1,233,754 1,869 103,174 16,133 1,571 102.464 16,339 51,615 579,110 185,273 1,711,719 1,728,155 1,975,915 301.430 355,563 6,193,615 6,231,529 47 17,965 633,932 51,536 931 187,487 19,395,029 19,363,941 15,526,513 0,202,387 1,b68,229 1,655,647 1,724,224 717,509 293,534 161,196 12,910 41,032 609,718 12,161 290,374 143,520 29,682 504,921 183,556 R e p o r t i n g member b a n k s i n Chicago Dec. 2 ) V . cL9 Dec. 3 1925 1925 1924 1,001 4,113 79,958 2,965 97,195 19,463 201,430 405,124 1,654,035 1,683,357 1,636,678 703,411 780,035 165,628 167,701 180,545 74,16; 71,169 24,152 24,955 29,252 5,165,865 5,131,229 5,390,o24 1,163,607 <*>*59 1,171,744 1,169,190 5,347,552 5,359,673 4,826,199 787,515 796,192 825,159 499,130 499,316 445,730 45,146 45,244 132,355 B i l . . s p a y a b l e and redis, w i t h F. R. B a n k s : Sticured by U . S . G o v e r n m e n t o b l i g a t i o n s - All o t h e r - - - - - - - _ _ _ _ 11,347 11,347 25,489 1,453 1,453 4,836 224,258 226,592 253,066 174,528 67,336 35,756 33,895 76,917 67,565 48,796 29,980 1,536 14,176 4,723 13,115 7,455 428 T o t a l b o r r o w i n g s f r o m F. R. Banks - - - 4,975 450,850 427,594 103,122 110,812 116,361 31,516| 18,899 18,090 7,883 Government deposits - - - - - - - - - - - - C. R e l e a s e d 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 , December 1 1 , 1 9 2 5 ; n o t e a r l i e r . st. 4757b Federal Reserve D i s t r i c t B o s t o n New York Number of r e p o r t i n g b a n k s 41 102 Loans and d i s c o u n t s , g r o s s : S e c u r e d by U . S . G o v t , o b i i g . 1 1 , 8 9 7 55,125 S e c u r e d by s t o c k s & bxmds 3 3 7 , 4 2 9 2 , 3 9 4 * 2 5 3 A l l o t h e r l o a n s & d i s c o u n t s 6 6 3 , 0 0 8 2,'617*535 Total loans and discount,!,01 7 , 3 3 U 5,066,913 Investments; U. S. P r e - w a r bonds 9,634 40,367 U. S . L i b e r t y b o n d s 85,755 604,360 U. S . T r e a s u r y b o n d s 18,639 2 0 1 , 1 4 9 U. S . T r e a s u r y n o t e s 4,392 1 6 6 , 3 5 7 S. T r e a s u r y c e r t i f i c a t e s 6,503 16,595 Other bonds, s t o c k s and securities 203 J 8 1 M 06,301 Total investments Total l o a n s and :::n: 323,754 2,135,129 with S e c u r e d by U . S . G o v t . o b i i g . 3,720 All o t h e r 16,013 C. Cleve. 75 12,557 378,753 365,183 ' 14,006 73,902 80,918 127,115 1,109,602 45,292 107,142 Rick. 72 Atlanta 36 529,945 9,488 49,762 16,448 7,675 4,046 248,263 335,082 Chicago S t . L o u i s 100 33 Minn. K a n s . C y . D a l l a s 24 69 U9 33,081 168,938 34,973 25,564 15,712 1,923 2,079,987 518,887 Total 722 7,942 167,126 272,139 5,415,508 221,341 1,396,429 431,377 350,584 84,155 927,660 8,423,302 251,134 442,101 322,49s" 1,207,7U1 lU,005^6 13,987 14,712 5,782 1,975 4,302 179,675 23,108 26,601 4 8 , 6 1 6 17,804 5 3 , 0 7 7 10,640 12,277 14,047 6,349 65,775 6,591 16,552 16,054 6,338 6,955 2,269 3,643 3,712 1,813 24,392 147,93 3 50,341 30,175 354,475 63.067 ^ ' 5 7 9 633,816 129,387 •9 >337_ 43,300 77,463 23,974 742,260 165,913 109,544 169,075 74,236 209.037 2 ^ 9 0 8 , 8 0 7 478,560 5I392T693 > ,686,301 19,398,629 110,380 1,668,229 23,393 293.534 792,22113,099,512 29,165 7,605 26,637 2,063 17,559 12,957 419,219 110,348 " " 7,171 ' 9,183 ^ ^ 17,958 9 \ w 4,026 17A55 i t s ? 180,526 a i l S lS.'oos 10:^ 9 J \ V W j 'J V ^ 5,347,552 4-5,146 42,857 19,477 224,258 226,592 106,409 %-rn kW, Tdll 2,276,7 66 1,928 7,615 BANKERS' BALANCES OF REPORTING MEMBER BANKS IN FEDERAL RESERVE BANK CITIES u.lsl 16,682 827,425 5,585 14,695 12,888 73,613 San F r a n . 67 i l i r S i i J I i l i l ig-if JM 756,493 1 , 2 8 1 , 3 3 ! ^ Government d e p o s i t s 2,980 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, B a n k : Due t o b a n k s Due f r o m b a n k s DECEMBER 2 , 1 9 2 5 . t i n 10 49,503 649,109
@FedFRASER