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STATEMENT FOE THE PRESS r 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 , Dec. 12; Federal Reserve ^ o a J \ » not earlier. ^352 December 11, 1924. CONDITION OF MEMBER BAMS IN LEADING CITIES F u r t h e r i n c r e a s e s of $ 3 9 , 0 0 0 , 0 0 0 i n l o a n s and i n v e s t m e n t s , accompanied by i n c r e a s e s of $ 1 4 7 , 0 0 0 , 0 0 0 i n n e t demand d e p o s i t s , of £ 9 9 , 0 0 0 , 0 0 0 i n r e s e r v e b a l a n c e s and of $ 3 7 , 0 0 0 , 0 0 0 i n accommodation a t t h e F e d e r a l r e s e r v e b a n k s , a r e shown i n t h e ^ 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 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 December 3 Q739 member b a n k s i n 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 went u p $ 4 5 , 0 0 0 , 0 0 0 , i n c r e a s e s of $ 1 4 , 0 0 0 , 0 0 0 i n l o a n s on U. S. Government s e c u r i t i e s and of $ 3 9 , 0 0 0 , 0 0 0 i n l o a n s cn c o r p o r a t e s e c u r i t i e s b e i n g o f f s e t i n p a r t by a f u r t h e r d e c r e a s e of $ 8 , 0 0 0 , 0 0 0 i n " A l l o t h e r , l a r g e l y c o m m e r c i a l , 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 i n U. S. Government s e c u r i t i e s show b u t l i t t l e c h a n g e f o r t h e week, L i b e r t y bonds g o i n g up $ 4 , 0 0 0 , 0 0 0 and T r e a s u r y n o t e s $ 1 , 0 0 0 , 0 0 0 , w h i l e 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 went down a b o u t $ 4 , 0 0 0 , 0 0 0 . 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 show a d e c l i n e of $ 7 , 0 0 0 , 0 0 0 . Loans and d i s c o u n t s of t h e New York C i t y members a g g r e g a t e d $ 2 1 , 0 0 0 , 0 0 0 more t h a n f o r t h e p r e v i o u s week. Loans on U. S. Government s e c u r i t i e s and 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 went up $ 1 7 , 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 " A l l o t h e r " l o a n s and d i s c o u n t s d e c l i n e d by $ 2 , 0 0 0 , 0 0 0 . I n v e s t m e n t s of t h e s e banks i n U. S. Government s e c u r i t i e s were i n c r e a s e d t y $ 1 , 0 0 0 , 0 0 0 , and t h e i r 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 were r e d u c e d by $ 8 , 0 0 0 , 0 0 0 . Of t h e t o t a l i n c r e a s e of $ 1 4 7 , 0 0 0 , 0 0 0 i n n e t demand d e p o s i t s , $ 9 9 , 0 0 0 , 0 0 0 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 , $ 1 6 , 0 0 0 , 0 0 0 f o r t h e P h i l a d e l p h i a d i s t r i c t , j* $ 1 1 , 0 0 0 , 0 0 0 f o r t h e C l e v e l a n d d i s t r i c t and $ 7 , 0 0 0 , 0 0 0 e a c h f o r t h e B o s t o n and Chicago d i s t r i c t s . Time d e p o s i t s o f a l l r e p o r t i n g banks show a d e c l i n e of $ 3 0 , 0 0 0 , 0 0 0 , of w h i c h $ 2 2 , 0 0 0 , 0 0 0 was r e p o r t e d by banks i n New York C i t y . 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 $ 7 , 0 0 0 , 0 0 0 . R e s e r v e b a l a n c e s w e r e i n c r e a s e d by $99>000,000, of w h i c h & 7 1 , 0 0 0 , 0 0 0 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 , $ 1 8 , 0 0 0 , 0 0 0 f o r t h e C h i c a g o d i s t r i c t and $11,000,000 f o r t h e Cleveland d i s t r i c t . Cash i n v a u l t of a l l r e p o r t i n g b a n k s i n c r e a s e d by $ 5 , 0 0 0 , 0 0 0 , w h i l e c a s h h o l d i n g s of t h e New York c i t y b a n k s d e c l i n e d by $5,000,000. B o r r o w i n g s 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 i n c r e a s e d f r o m $ 6 6 , 0 0 0 , 0 0 0 t o $ 1 0 3 , 0 0 0 , 0 0 0 . L i k e b o r r o w i n g s of t h e New York C i t y members i n c r e a s e d f r o m $5,000,000 to $31,000,000. A summary of changes in 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 reporting members during t h e week and year ending December 3, 1924, follows*. Increase or decrease Week during Year Loans and d i s c o u n t s , t o t a l + $ 45,000,uOO Secured by U. S. Govt, o b l i g a t i o n s . . . + 14,000,000 Secured by s t o c k s and bonds + 39,000,000 All other 8,000,000 + $ 987*000,000 ^27,000,000 + 760,000,000 + 254,000,000 6,000,000 + 1,154,000,000 # 4,000,000 1,000,000 4,000,000 7,000,000 + 447,000,000 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 + + 99,000,000 5,000,000 + + 341,000,000 5,000,000 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 + ~ - 147,000,vOO 30,000,000 7,000,000 + 37,000,000 Investments, t o t a l U. S. bonds + U. S. Treasury notes 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 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 T o t a l accommodation a t F. R. B a ^ k s . . . + + 200,000,000 210,000,000 697,000,000 + 2,101,000,000 + 782,wO,uCO + 91,000,000 — 371,000,000 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 x t o r n c o u , December 12, 1 9 2 4 ; n o t e a r l i e r , St. 4352a PRINCIPAL RESOURCE AMD 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 ) Dec. 3 , 1 9 2 4 Number of r e p o r t i n g b a n k s - - - - - - - - - - - - - - - - - - - - - - - - 7 39 L o a n s and d i s c o u n t s , g r o s s t S e c u r e d b y U. S. Government 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 b o n d s ( o t h e r t h a n U. S. s e c u r i t i e s ) - - - - A l l o t h e r l o a n s and d i s c o u n t s - - - - - - - - - - - - - — - - - - - - Nov. 2 6 , 1 9 2 4 74l J u n e 4 , 1924 749 218,481 Dec. 5, 1 9 2 3 767 226,051 199,046 4,521,646 8,194,076 185,453 4,482,723 8,201,850 3,897,030 7,826,430 3,761,420 7,939,795 T o t a l l o a n s and d i s c o u n t s - - - - - - - - - - - - - - - - - - - - - - - 12,914,768 12,870,026 11,941,941 11,927,266 U. S. P r e - w a r b o n d s - - - - - - - - - - - - - - - - - - - - - - - - - - - - 263,961 264,094 271,780 275,964 - - - - - 1,486,224 1,481,601 1,157,265 1,012,802 U. S. T r e a s u r y bonds - - - - - - - - - - - - - - - - - - - - - - - - - - - 67,321 67,188 69,045 81,842 U. S . T r e a s u r y n o t e s - - - - - - - - - - - - - - - - - - - - - - - - - - - 638,983 635,436 662,816 838,751 278,599 282,232 83,056 68,680 2,875,657 2,883,327 2,476,436 2,179,268 18,525,513 18,486,904 16,662,339 16,354,573 1,724,224 1,624,541 1,489,196 1,383,560 310,401 305,063 287,114 305,498 13,211,894 13,065,182 11,568,713 11,111,358 Time d e p o s i t s - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 4,826,199 4,856,569 4,326,320 4,044,394 Government d e p o s i t s - - - - - - - - - - - - - - - - - - - - - - - - - - - - 132,355 139,695 89,16s 41,796 67,336 35,786 32,706 33,513 58,063 101,972 239,191 234,505 .6 .4 1.0 2.9 U. S. L i b e r t y b o n d 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 - - - - - - - - - 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 - - - - - - - - - - - - - - - - - - - - T o t a l l o a n s and d i s c o u n t 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 e d e r a l R e s e r v e Banks - - - - - - - - - - - — - Cash i n v a u l t - - - - - - - - - - - - — - - - - - - - - - - - - - - - N e t demand 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 e d e r a l R e s e r v e B a n k s : S e c u r e d by U. S. Government o b l i g a t i o n s - - - - - - - - - - - - - — All other - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 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 w i t h F e d e r a l R e s e r v e B a n k s 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 c e n t - - - - - - - - - - - - - - - - - 4 tieleased 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 12, 1 9 2 4 . St. 4352b. PRINCIPAL RESOURCE AM LIABILITY ITEMS OF ALL REPORTING MEMBER BANKS IN EACH FEDERAL RESERVE DISTRICT AS AT CLOSE OF BUS DFSS,DECEMBER 3,192%. ( I n thousands of d o l l a r s ) Total A t l a n t a C h i c a g o £>t. T o u i s Minn. K a n s . C y . Dal 1 a s San F r a n . Rich. C lave. Phila. B o s t o n New York Federal Reserve D i s t r i c t 42 Number of r e p o r t i n g b a n k s 102 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 . G o v t , o b l i g . S e c u r e d by s t o c k s & b o n d s 8,680 26,032 269,599 2,082,51% A l l other l o a n s & d i s c o u n t s 653,410 2,607,634 T o t a l l o a n s and d i s c o u n t s U. S. P r e - w a r b o n d s 931,689 4,776,186 13,432 51,559 55 10,229 324,259 373,773 77 75 101 36 33 25 71 50 2,221 5,122 9,610 3,329 31,076 18,238 6,730 7,529 660,339 167,446 55,098 28 , 021 64,548 415,757 121,012 64,394 723,454 343,462 376,950 1,204,762 317,674 214,153 329,214 224,141 66 739 9.5TS 202,599 825,449 199,046 4,521,646 8,194,076 702,321 1,157,449 471,204 442,273 1,296,177 494,730 272,072 422,423 292,012 1,043,626 12,914,768 263,961 22,202 14,356 8,543 11,217 18,760 25,995 10,629 45,539 26,893 14,776 129,652 1,426,224 163,056 25,391 28,717 40,623 13,344 197,057 35,298 10,300 54,791 1,001 20,342 226 67,321 10,706 3,116 622 1,798 1,916 3,134 2,035 U. S . . L i b e r t y b o n d s 83,492 704,497 U. S. Treasury bonds 12,690 U. S. T r e a s u r y n o t e s 3,735 10,271 310,609 22,152 66,223 2,543 2,753 127,073 11,169 19,601 26,246 8,659 31,048 63?,923 U. S. C e r t i f i c a t e s of Ind e b t a d n s s s 6,778 145,427 15,482 18,060 2,796 2,222 30,383 2,702 13,615 6,962 5,109 29,003 278,599 195,633 1,135,601 254,798 351,801 64,070 44,092 415,817 99,504 36,199 71,096 20,617 182,423 2,275,657 O t h e r b o n d s , s t o c k s and securities T o t a l l o a n s and d i s c o u n t s and i n v e s t m e n t s 1 , 246,630 7,145,569 1,069,373 1,838,164 604,720 523,734 2,665,414 649,650 378,973 551,683 359,508 1 ,462,095 12,525,513 R e s e r v e b a l a n c e s w i t h ,®.R.Bk.• 93,269 832,962 88,501 22,425 884,176 5,936,381 317,389 1,159,306 30,£30 14,633 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 84,025 127,068 42,261 34,679 15,276 778,607 1,030,762 365,859 174,644 695,522 179,172 16,662 6,726 21,093 18,054 250,262 45,131 25,004 54,358 28,345 35,956 8,554 11,522 56,873 6,337 13,244 11,313 301,824 1,71 7,616 390,451 264,770 472,135 264,826 914,120 2 1 2 , 0 9 4 97,368 135,470 91,495 192,335 3,460 4,417 11,228 1,105 2,257 2,592 104,953 1,724,224 310,401 23,563 802,457 1 3 , 2 1 1 , 5 9 4 656,981 4,826,199 17,302 132,355 B i l l ? 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 : S e c u r e d by U . S . G o v t , All other obi is j. 618 40,631 4, m 2,019 1,015 4,131 6,544 1,620 5,139 275 10,009 14,594 937 344 1,966 - 292 - - 340 1,410 2,412 243 67,336 35,736 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 , December 12, 1924j not e a r l i e r . PRINCIPAL RESOURCE AND LIABILITY ITEMS OF REPORTING MEMBER BANKS I N F . St. R. 4352c. BANK AND BRANCH C I T I E S AND I N OTHER SELECTED C I T I E S ( i n t h o u s a n d s of d o l l a r s ) New York C i t y Dec* 3 Nov, 26 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.Govt, 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 A l l o t h e r l o a n s and d i s c o u n t s T o t a l l o a n s and d i s c o u n t s 67 C i t y of C h i c a g o Dec. 3 Nov. 26 47 67 47 A l l F. R. Bank c i t i e s Dec, 3 Nov. 26 255 255 F. P. Branch c i t i e s Dec. 3 Nov, 26 193 193 Other selected c i t i e s Dec. 3. Nov. 26 291 293 24,380 503,977 714,893 141,921 3,317,898 5,145,519 126, 517 32,332 33,067 24,793 25,869 3,298,611 657,926 655,144 545,822 528; 9 6 8 5 , 1 6 8 , 3 0 8 1 , 6 8 0 , 9 4 5 1 , 6 7 1 , 7 3 1 1,367,612 1,361,811 4,255,614 4,234,580 1,233,754 1,243,250 8,605,338 8,593,43b 2,371,203 2,359,942 1,938,227 1,916,64s 81,845 65,186 1,860,663 1,854,699 2,313,106 2,314,695 2 3 , 9 22 499,337 710,495 U. S. P r e - w a r b e n d s 41,032 41,032 4,113 4,109 92,088 92,405 73,536 73,577 98,287 98,112 U. S. L i b e r t y b e n d s 609,718 608,312 79,958 80,656 929,796 928,695 357,136 354,208 199,292 198,698 U. S. T r e a s u r y b o n d s 12,161 12,656 2,965 2,986 30,889 31,042 17,737 17,551 18,695 18,595 U. S. T r e a s u r y n o t e s 290,374 289,950 97,195 94,397 465,161 463,626 127,426 127,9H 46,396 46,899 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 143,520 144,250 19,463 22,846 219,290 223,329 43,092 42,856 16,217 16,047 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 879,110 886,833 201,430 200, 228 1,651,396 1,658,639 698,035 697,668 526,226 527,020 T o t a l l o a n s and d i s c o u n t 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 Ft E. Bank Cash i n v a u l t Net demand d e p o s i t s 6 , 2 3 1 , 5 2 9 6,217,613 1 , 6 3 8 , 8 7 8 1 , 6 4 8 , 4 7 2 1 1 , 9 9 3 , 9 5 8 1 1 , 9 9 1 , 1 7 2 3 , 6 8 8 , 2 1 5 3 , 6 7 3 , 7 1 3 2 , 8 4 3 , 3 4 0 2 , 8 2 2 , 0 1 9 780,035 706,714 180,545 163,219 1,277,176 1,175,242 269,965 271,146 177,083 178,453 71,169 75,863 29,252 28,354 153,824 157,270 69,342 65,440 87,235 82,353 5,390*624 5,314,168 1 , 1 6 9 , 1 9 0 1,172,660. 9,269,020 9,171,040 2,181,554 2,162,108 1,761,320 1,732,034 2^494,865 1 , 3 7 1 , 0 6 5 1 , 3 7 0 , 1 3 4 825,159 847,211 445,730 445,237 2,462,171 Government d e p o s i t s 25,489 26,826 4,836 5,098 85,582 90,146 36,809 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. Bank: S e c u r e d by UvS.Govt, o b l i g a t i o n s All other 29,980 1,536 3,760 1,296 7,455 428 555 388 42,169 7,603 9,093 19,917 9,421 Time d e p o s i t s 12,097 992,963 991,570 39,038 9,964 10,511 17,625 9,828 14,268 5,250 7,478 14,592
@FedFRASER