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STATEMENT FOR -THE FEES 8 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 , Dec. 1 9 ; not e a r l i e r , , Federal Reserve Board, Decemoer 18, 1924* ' CONDITION OF MB@ER BAMKS IN LEADING- CITIES Increases of $ 4 9 , 0 0 0 , 0 0 0 i n l o a n s and investments, ae againet d e c r e a s e s of $ 4 6 , 0 0 0 , 0 0 0 i n n e t demand and Government d e p o s i t s , and of $ 5 5 , 0 0 0 , 0 0 0 i n reserve balances, are shewn i n t h e Federal Reserve Board's weekly c o n s o l i d a t e d statement of c o n d i t i o n on December 10 of 739 member banks in l e a d i n g c i t i e s . Total l o a n s and d i s c o u n t s went up $ 5 7 , 0 0 0 , 0 0 0 , the l a r g e r i n c r e a s e of $ 8 2 , 0 0 0 , 0 0 0 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 o f f s e t i n part by d e c r e a s e s of $20,000,000 in l o a n s on U. S. Government s e c u r i t i e s and of $ 5 , 0 0 0 , 0 0 0 in "All otner l a r g e l y commercial l o a n s and d i s c o u n t s . Total investments were reduced by $ 8 , 0 0 0 , 0 0 0 , h o l d i n g s of U. S. Liberty bonds and pre-war bonds showing a d e c l i n e of $ 2 4 , 0 0 0 , 0 0 0 , w h i l e U. S. Treasury bonds and U. S. Treasury n o t e s were i n c r e a s e d by $ 8 , 0 0 0 , 0 0 0 , each. Loans and d i s counts of the New York City members were $ 3 0 , 0 0 0 , 0 0 0 more than f o r the p r e v i o u s week; d e c l i n e s of $ 2 0 , 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 o f $ 1 4 , 0 0 0 , 0 0 0 i n "All other" loans and d i s c o u n t s p a r t l y o f f s e t t i n g an i n c r e a s e of $ 6 4 , 0 0 0 , 0 0 0 i n l o a n s on corporate s e c u r i t i e s . Investments cf t h e s e banks i n U. S. s e c u r i t i e s went down $ 1 9 , 0 0 0 , 0 0 0 , cf which $ 1 6 , 0 0 0 , 0 0 0 was i n l i b e r t y bonds, and h o l d i n g s of corporate s e c u r i t i e s went down $ 8 , 0 0 0 , 0 0 0 . Net demand d e p o s i t s of a l l r e p o r t i n g members show but l i t t l e change f o r t h e week, i n c r e a s e s i n t h e Chicago, Minneapolis, S t . Louis, D&llas, - A t l a n t a , Richmond and San F r a n c i s c o d i s t r i c t s being nearly o f f s e t by d e c r e a s e s i n t h e other d i s t r i c t s , p r i n c i p a l l y New York and P h i l a d e l p h i a . The New York City banks report a reduction of $ 1 4 , 0 0 0 , 0 0 0 in time d e p o s i t s . Net withdrawals of Government d e p o s i t s aggregated $ 4 7 , 0 0 0 , 0 0 0 , of which $ 9 , 0 0 0 , 0 0 0 i s shown f o r t h e New York City menbers. Reserve b a l a n c e s w i t h Federal Reserve banks were reduced by tp55»000,000, the New York C i t y banks r e p o r t i n g a r e d u c t i o n of $59»000,000 under t h i s head, oash i n v a u l t i n c r e a s e d by $ 1 1 , 0 0 0 , 0 0 0 . 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 the Federal r e s e r v e banks were increased from $ 1 0 3 , 0 0 0 , 0 0 0 t o $ 1 1 0 , 0 0 0 , 0 0 0 . Like borrowirgs of member banks i n New York C i t y were reduced from $ 3 2 , 0 0 0 , 0 0 0 to $ 1 3 , 0 0 0 , 0 0 0 . A summary of changes i n 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 r e p o r t i n g members during the week and year ending December 10, 1924, f o l l o w s : Increase or d e c r e a s e during Week Loans and d i s c o u n t s , t o t a l Secured by U.S.G&4t. o b l i g a t i o n s Secured by s t o c k s and bonds . . . . All other + $57,000,000 - 20,000,000 . . . . • + 82,000,000 5,000,000 Investments, t o t a l . . . . . . . U. 5. 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 s e c u r i t i e s . Reserve 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 . . . . . . > . . . . . Total accorrtisSdA-iisn a t F. R. Banks . . . . . . Year + $1,055«000,OCX 45,000,0(x + 836,000,0( + 264,000,00 + - 8,000,000 16,000,000 8,000,000 - + + + + 1,132,000,OCu 434,000,OCX; 195,000,000 194,000,0.0 699,000,00C + 55,000,000 11,000,000 + 245,000, OCC + - 1,000,000 47,000,000 + + + 1,961,000,000 767,000,000 52,000, vOC + 7, 000,000 - 379,000,00C i -. Released, f o r p u b l i c a t i o n Friday afternoon, December 19, 1924; not e a r l i e r . S t . 4362a PRINCIPAL RESOURCE AND LIABILITY ITEMS OF REPORTING- MEMBER BANKS IN LEADING CITIES — (In thousands of d o l l a r s ) Dec. 10, 1924 ~ 739 Number of reporting banks Loans and discounts, gross: ™ by ( o Z ' Z u."s: ; ^ * i u o s Total U a n , an. d i s c o u n t , 0. s . Pre-war t o n , , U. S. Liberty bona, _ __ U. e . C e r t i f i c a t e , of indebtedne,, Other bonis, . t o o k , .««" ». - Total l o a n , and. d i s c o u n t , and investment, Cash i n v a u l t Net demand deposits Time d e p o s i t , " Government deposits - - - - - - - - - - - B i l l s payable and rediscounts with Federal Reserve Banks. ^ ^ Secured ly U. S. Government obligations " 1 1 1 1 1 1 1 1 1 1 - A l l other - - - - - - - - Ratio of b i l l s payable and rediscounts with Federal Reserve Banks to t o t a l loans and investments, per cent 199,046 I ' 7^9 766 214,177 224,070 M k M 12,076,731 11,917>523 2)0 1,466,224 67,3a 1,1®,717 69,433 1,012,434 80,334 646,611 „ 638,9=3 3,8,599 662,814 85,516 *1,579 0,90) 2,87^601 "2.676,6)7 2,463,032 2,177,341 13,576,365 *18,526,513 l i 7 2 4 , , - 4 16,795,4*6 1,539,492 16,339,044 *321 172 310,401 287,077 321,?Zi 13,213!04) 13,Ell',834 11,784,757 H.Sa>21 4,825,351 4,825,199 4,347,326 4,052,847 S5,4l6 132,355 80,154 33,500 67,912 4l,795 67,33^ 35=786 55,27° 85,048 24l' 247,471 ^ .g .8 3*0 - - - : r ~ Dec. 12, 19<?3 — 12,9l4,7oS 12,972,312 ! 464,245 "• s - T r e a e u T y l 0 ™ 1 8 U. S. T r e w w y n o t e . Reserve balances with Federal Reserve Bank, ) ~ _ _ _ _ _ _ _ June 11, 1924 739 179-545 A l l other loans and discounts Dec. 3, 1924 ^Revised figures# ij'c *4"" C) r • i c r ou.bi.icc.tica Friday afternoon, December 19, 1924. ' Z,"' , PRINCIPAL RESOURCE AND LIABILITY ITEMS OF ALL REPORTING MEMBER BANKS IN EACH FEDERAL RESERVE DISTRICT AS AT CLOSE OF BUSINESS,DECEMBER 1 ,192 - ilCx—d;: Federal Reserve D i s t r i c t Boston Number of reporting banks U2 New York 108 = ? I n ; E « Total loans and d i s c o u n t . «LrmU TC StCOkB 77 75 gg 36 a 101 33 • Minn. Kans.Cy. Dallas 25 71 ^ 8,368 50 is i i i s San Fran. — — Total 66 ,39 si M 692,929 1,156,482 476,426 454,828 1,906,903 496,04l 280,322 426,295 296,066 1,048,051 12,972,312 £ 5 SS S S S 5 5 5 KS SS KS it ::: : : i s ss js 'l^ebtedMsTteS °f 0 t 55 s 9 3 , 9 1 8 4,808,051 I::: = =: I::: = = = U Phila. ( I n thousands of d o l l a r s ) Cleve. Rich. Atlanta Chicago St.Louis 5 S 8 5 XS ist s s «:£ 147,886 14,238 18,919 1,001 2,310 28,021 3,860 13,116 6,74) 5,050 29,445 198,497 1 , 1 3 3 , 4 g 256,505 348,934 64,299 42,851 420,510 99,653 36,873 71,180 19,659 lgH.ai 278,557 1 S m : : t : n t " ' " l ! 2 4 5 . 0 2 8 7,157,462 1.062,163 1,834,663 608,211 528,918 2 , 6 8 1 , ^ 6 651,728 388,084 583,883 3 6 4 , 5 8 3 1,470,396 18,576,365 Reserve balances with F.R.Bk. 94,957 Oath in v a u l t 23,471 776,696 78,147 130,241 39,157 37,943 242,985 48,985 30,443 50,260 30,538 108,929 1,669,28... 91,977 19,856 36,416 15,881 11,937 57,878 8,386 6,772 13,324 11,633 23,641 321,^72 Net demnd d e p o s i t , 880,360 5,909,123 763,906 1,026,612 369.776 3=6,624 1,737,617 397,632 273.919 470,926 270,766 805,782 13,213,043 Time d r o o s U s 316,001 1,149,822 171,512 91,a, 665,915 2,227 11.143 Governnent d e p o s i t s 9,429 19,881 13,576 @4,207 178,600 191,896 10,755 4,333 3,028 919,171 213,618 7,210 1,455 99,428 134,962 70s 1,671 4,826,, 85,a. B i l l s payable and rediscounts °tlig- 4i45067 1',299 I'M 10,$ 'm 1,1=1 : 2.I9 l'& K ,v <. ex* puUu.-.'i.w.u.'/ ^.L.v:.;.i.iiwwiij p^c&iiiiiu.p .ty, *iv^ OSIM-LUX• wt» *0 •*!••'" PRINCIPAL RESOURCE AND LIABILITY ITEMS OF REPORTING MEMBER BANKS IN F. R. BANK AND BRANCH CITIES AND IN OTHER SELECTED CITIES ( i n thousands of d o l l a r s ) Other F. R. All F. R. selected cities Bank c i t i e s Branch c i t i e s City of Chicago New York City • Dec. 10 Dec. 3 Dec. 10 Dec. 3 Dec.. 10 Dec. 3 Dec. 10 Dec. 3 Dec. 10 Dec. 3 291 291 47 193 255 193 47 255 67 67 Number of reporting tanks Loans and d i s c c u n t s , gross: Secured by U.S.Govt, obligations Secured by stocks and bonds All other loans and discounts Total - loans and discounts .23,922 499,337 710,495 123,144 3,385,905 5,119,887 24,715 24,793 141,921 31,686 32,332 554,234 545,822 3,317,898 663,405 657,926 5,145,519 1,694,924 1,680,945 1,,374,412 1 , 3 6 7 , 6 1 2 4,285,341 4,255,614 1,239,838 1,233,754 8,628,936 8,605,338 2,390,015 2,371,203 1,953,361 1,938,227 98,287 73,586 97,370 72,934 92,088 61,762 81,8^5 1,924,562 1,860,663 2,299,017 2,313,106 23,877 511,723 704,238 U. S. Pre-war bonds 4i,03l 41,032 4,089 4,113 92,105 U. S. Liberty band s 609,718 12,161 80,296 4,186 79,958 2,965 910,284 U. S. Treasury bonds 594,188 12,095 U. S. Treasury n o t e s 286,441 290,374 97,222 U. S. C e r t i f i c a t e s of indebtedness 144,776 143,520 18,570 Other bonds, sSeeks and s e c u r i t i e s 870,675 879,110 205,313 97,195 19,463 201,430 Total loans and. discounts and investments Reserve balances with F. R. Bank Cash in vault Net demand d e p o s i t s Time d e p o s i t s Government deposits B i l l s payable and rediscounts with J?. R. Bank: Secured by U . S . G o v t , o b l i g a t i o n s A l l other 196,795 21,150 199,292 18,695 129,252 357,136 17,737 127,426 47,714 46,396 219,290 41,305 43,092 16,378 16,217 1,651,396 697,457 698,035 530,623 *527,226 33,463 929,796 30,889 357,166 20,617 469,645 465,161 221,274 1,648,521 6 , 2 3 4 , 5 4 7 6 , 2 3 1 , 5 2 9 1 , 6 4 9 , 5 1 4 1 , 6 3 8 , 5 7 8 1 2 , 0 0 4 , 2 2 8 11,993,95% 3,708,746 3 , 6 8 8 , 2 1 5 2,863,391 * 2 , 8 4 4 , 3 4 0 720,690 780,035 174,854 180,545 1,213,515 1,277,176 271,338 269,965 184,428 177,083 74,397 71,169 30,167 29,252 161,819 153,824 70,366 69,342 85,987 87,235 5,367,893 5,390,624 1 , 1 7 8 , 0 4 6 1 , 1 6 9 , 1 9 0 9,247,81* 9 , 269,020 2 , 1 9 2 , 0 i , 1 8 1 , 5 5 4 1 ,772,937 1 , 7 6 1 , 3 2 0 992,914 992,963 2,462,171 1,383,767 1,371,065 810,913 825,159 451,835 445,730 2,449,670 16,410 25,489 3,082 4,836 55,108 85,582 23,875 36,809 6,433 9,964 9,755 2,791 29,980 1,536 655 270 7,455 428 26,195 16,570 42,169 12,097 35,ioo 12,008 19,917 9,421 6,617 5,250 14,268 •Revised f i g u r e s 13,217
@FedFRASER