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STATEMENT FOE THE PEESS
For immediate r e l e a s e
St, foos
Federal Reserve Board
December 17, 1928.
CONDITION OF MEMBER BANKS IN LEADING CITIES
The Federal Reserve Board's condition statement of 629 r e p o r t i n g member banks
in leading c i t i e s as of December 12 shows decreases f o r the week of $89,000,000 in
loans and d i s c o u n t s , of $12,000,000 in investments, of $12,000,000 in net demand :
deposits, and of $15,000,000 in Government d e p o s i t s , and an increase of $7,000,000
in borrowings from Federal reserve "banks.
Loans on stocks and bonds, including U. S. Government o b l i g a t i o n s , were
$131,000,000 below the December 5 t o t a l a t a l l r e p o r t i n g banks, a reduction of
$167,000,000 a t r e p o r t i n g banks i n the Hew York d i s t r i c t being p a r t l y o f f s e t by
increases of ^13,000,000 in the Cleveland d i s t r i c t , of $8,000,000 in the Boston
d i s t r i c t , of $0,000,000 in the Chicago d i s t r i c t and smaller i n c r e a s e s in most of
the other d i s t r i c t s . "All other" loans and discounts increased $25,000,000 a t re^
porting banks i n New York d i s t r i c t , $8,000,000 in Chicago d i s t r i c t , $6,000,000 in
Cleveland d i s t r i c t , and $43,000,000 a t a l l r e p o r t i n g banks.
Holdings of U. S. Government s e c u r i t i e s declined $7,000,000 at r e p o r t i n g '
banks in the Chicago d i s t r i c t , $6,000,000 in the Boston d i s t r i c t and $16,000,000
a t a l l r e p o r t i n g banks, while holdings of other bonds, stocks and s e c u r i t i e s declined $0,000,000 in the Hew York d i s t r i c t and increased $4,000,000 a t a l l r e p o r t ing banks.
Net demand deposits declined vl00,000,000 at r e p o r t i n g banks i n the New York
d i s t r i c t and increased $44,000,000 in the Chicago d i s t r i c t , $15,000,000 in the St.
Louis d i s t r i c t , $11,000,000 in the Kansas City d i s t r i c t , and $9,000,000 in the
Atlanta d i s t r i c t .
The p r i n c i p a l changes in borrowings from Federal reserve banks f o r the week
were increases of $30,000,000 at the Federal Reserve Bank of Cleveland and
$10,000,000 a t P h i l a d e l p h i a , and declines of $19,000,000 a t Chicago and
$15,000,000 at San Francisco.
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 629 r e p o r t i n g member
banks, together with changes during the week and the year ending December 12,
1928, follows:
( i n thousands of d o l l a r s )
Dec. 12
Increase or decrease during
Week
1928
Year
Loans and investments - t o t a l
+
22,646,654
100,694
982,988
Loans and discounts - t o t a l
88,681
16,278,789
4993,758
Secured by U.S.Govt, o b l i g a t i o n s
1,701
10*9,9^
14,906
Secured by stocks and bonds
+
6,937,464
129,763
522,910
All other loans and discounts
+
+
9,231,385
42,783
485,754
Investments - t o t a l
6,367,865
12,013
10,770
U. S. Government s e c u r i t i e s
2,966,381
+
16,308
152,270
Other bonds,stocks and s e c u r i t i e s
3,4OI,484
+
163,o4o
4,295 •
Beserve with F. R. Banks
+
1,783,450
54,069
2,634
Cash in v a u l t
289,998 + 19,596
24,803
Net demand d e p o s i t s
_
12,248
13,549,422
481,653
Time deposits
+
6,905,237
670
433,746
Government d e p o s i t s
3,631
14,767
3,069
Due from banks
—
1,185,094
12,490
52,138
Due to banks
3,237,264
92,958
346,991
Borrowings from F.R. banks - t o t a l
+
+
792,737
439,429
7,239
Secured by U.S.Govt, o b l i g a t i o n s
+
526,239
21,785
255,885
All other
+
+
266,498
29,024
183,544
-
-
-
-
-
-
-
-
-
—
-
-
As Monday and Tuesday, December 24 and 25, w i l l be observed as holidays, the
statement f o r December 19 w i l l be issued on Wednesday, December 26.
Federal Reserve Board,
December 13","'
For immediate r e l e a s e
CONDITION OF WEEKLY REPORtlUG ISlSSEt 3ASZS IH CENTRAL EESERVS CUIUS
(In thousands of d o l l a r ^ )
MEW YORK - 44 BMKS
Loans and investments - t o t a l
Dec. 5
1922
7,376,969 7,535,639
Dec. 14
1927
7,050,007
Loans and discounts - t o t a l
5,465,852 5:,:614,645
5,152,364
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
Dec, 12
1928
32,020
41,319
32,355
2,615,037 2,721,390 2,496,320
2,212,460 2,794,735
2,614,225
1,911.117 1,920,904 1,397,643
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 in v a u l t
Uet demand d e p o s i t s
Time deposits
Government deposits
Dae from banks
Due 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
Loans to brokers and d e a l e r s (secured by stocks
and bonds): For own account
For account of out-of-town banks
For account of others
Total
On demand
On time
1,025,346 1,086,514
334,420
225,771
992,032
725,612
756,61s
74,201
772,501
62,910
905,555
55,652
5,294,245 5,395,135 5,596,212
1,192,050 1,197,244 1,021,657
1,352
5,572
. 1,101
102,727
101,242
96,915
1,166,371 1,135,060 1,291,317
243,93s
79,129
220,235
204,630
62,205
165,i4o
16,924
39,252
55,095
1,045,096 1,271,405 1,230,124
1,794,073
2,336,522
5,175,751
4,600,690
575,061
1,237,905 1,374,106
2,225,220
954,125
5,394,590 3,552,355
4,303,666 2,729,454
223,901
590,924
CHICAGO - 43 BAtTKS
Loans and investments - t o t a l
Loans and d i s c o u n t s - t o t a l
Secured by TT. S.^-ovt. 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
Reserve with F. R. Bank
Cash in v a u l t
11 et demand deposits
Time deposits
Government d e p o s i t s
Dae from banks
Dae 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
Digitized forC.
FRASER
2,097,261 2,100,944 1,933,937
1,637,447 1,636,014 1,503,541
14,302
14,622
15,029
226,632
3o4,io6
227,263
6s4,4o6
796,457
794,129
459,314
464,930
435,446
197,536
203,570
216,732
262,702
123,196
133,434
12,294
187,930
1,281,762 1,266,845
1,300,132
631,022
262,272
19,246
634,224
211
153,139
334,469
23,795
43,334
34,961
261,360
673,590
1,079
157,972
347,942
,101,939
64,806
37,133
22,254
(St. 6008a;)
474
156,412
356,091
31,514
30,025
1,439
For immediate r e l e a s e
6008b
PRINCIPAL RESOURCES AJ.TD LIABILITIES OF ALL REPORTING MEMBER BANKS III EACH FEDERAL RESERVE DISTRICT AS AT CLOSE OF BUSHES S, DECEMBER 12,1928.
( i n thousands of d o l l a r s )
Federal Reserve D i s t r i c t
Total
Boston
ITevz York
Phila.
Cleve.
Rich. Atlanta
Chicago St.Louis
Minn. Kans.Cy. Dallas San Fran.
Loans and i n v e s t m e n t s - t o t a l 22,646,65k 1,514,939 8,613,792 1,232,088 2,211,396 682,387 642,96] 3,376,625 722,344 399,576 687,399 4-80,730 2,082,41$
Loans
and d i s c a u n t s - t o t a l
Secured by US Govt o b l i g .
Secured by stocks & bonds
All other loans & d i s c t s
Investments - t o t a l
11. S. Govt, s e c u r i t i e s
Other b o n d s , s t k s . & secur.
Reserve with F. R. Bank
Cash in v a u l t
llet 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
16,278,789 1,096,215 6,279,976
109,940
2,368
4o,578
852,828 1.496,463 527,644 513,239 2,516,797 512,607 264,474 444,561 361,780 1,412,205
5,161
6,937,464
9,231,335
433,822 3,026,545
654,025 3,212,853
461,924
385,743
12,695 3,084 2,574
20,127 4,020 2,473 3,175 3,339
671,191 189,525 136,222 1,114,819 215,263 76,204 112,050 88,553
812,577 335,035 374,443 1,381,351 292,724 185,797 329,336 269,888
4,346
4IO,746
997,113
6,367,865
418,724 2,333,816
379,260
714,933 154,743 129,724
859,328 209,737 135,102 242,838 118,950
670,210
2,966,381
3,401,484
153,207 1,177,154
265,517 1,156,662
104,019
275,241
331,384
333,549
69,737
54,576
85,006 75,148
359,347 75,884 75,996 120,868 80,893
500,431 133,353 59,106 121,970 38,057
363,316
306,894
1,783,450
289,998
101,319
77,857
124,615
42,054
13,925
268,506 49,791 27,765 59,049 37,619
45,357
9,454 6,847 12,345 9,84O
112,779 {
23,949
21,449
839,738
79,092
18,889
919,652 5,823,616
4-73,849 1,722,458
299
1,159
723,684 1,031,586 377,563 333,895 1,916,358 418,018 238,370 509,103 323,699
868,878 |
283,209
952,690 239,366 237,694 1,272,213 231,645 135,431 179,222 133,473 1,038,387
287
320
82
314
101
- 311
270
135
15
332 |
1,125,094
48,481
138,701
137,072 1,225,551
58,556
165,595
3,237,264
792,737
33,121
283,363
56,301
Secured by US Govt o b l i g .
All other
526,239
200,498
15.060
18.061
216,427
66,936
40,880
15,421
629
34
76
46
42,358
12,303
13,549,422
6,905,237
3,631
Borrowings from FR B k - t o t a l
lluniber of re-porting banks
35,548
92,l4o
51,810
79,845
210,362 111,000 120,763
104,025
24,602 30,315
66,307 13,157 9,737
37,713 11,445 20,578
70
64
31
236,610 60,457 58,033 131,688 65,761
469,613 137,450 94,010 223,588 128,760
163,012
213,500
24,356
7,802
24,448
13,531
50,170
88,502 12,343
52,201 11,513
5,495
2,307
15,433
9,015
2,342
5,123
34,050
•16,120
29
24
64
44
55
140,703
92
@FedFRASER