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STATEMENT FOR THE PRESS
s t . 5196
Federal Reserve Board,
December 2 0 , 1 9 2 6 .
For immediate r e l e a s e
CONDITION OF MEMBER BANKS IN LEADING CITIES
The F e d e r a l R e s e r v e B o a r d ' s c o n d i t i o n s t a t e m e n t of 639 r e p o r t i n g member b a n k s
i n l e a d i n g c i t i e s a s of December 15 shows i n c r e a s e s f o r t h e w e e k of $38 , 0 0 0 , 0 0 0
i n l o a n s a n d d i s c o u n t s , $ 2 2 , 0 0 0 , 0 0 0 i n i n v e s t m e n t s , $ 2 9 0 , 0 0 0 , 0 0 0 i n n e t demand
d e p o s i t s , a n d $ 8 9 , 0 0 0 , 0 0 0 i n Government d e p o s i t s , t o g e t h e r w i t h a d e c l i n e of
3 4 5 , 0 0 0 ,000 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 "banks. Member "banks i n New
York C i t y r e p o r t e d a n i n c r e a s e of $ 5 , 0 0 0 , 0 0 0 i n l o a n s a n d d i s c o u n t s a n d a d e c l i n e
of $ 2 2 , 0 0 0 , 0 0 0 i n i n v e s t m e n t s .
These c h a n g e s were a c c o m p a n i e d "by i n c r e a s e s of
$ 1 7 4 , 0 0 0 , 0 0 0 i n n e t demand d e p o s i t s a n d $ 2 6 , 0 0 0 , 0 0 0 i n Government d e p o s i t s a n d a
r e d u c t i o n of $ 6 8 , 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 F e d e r a l R e s e r v e B a n k .
Loans on s t o c k s a n d "bonds, i n c l u d i n g TJ. S. Government o b l i g a t i o n s , i n c r e a s e d
* 7 8 , 0 0 0 , 0 0 0 , of w h i c h $ 4 6 , 0 0 0 , 0 0 0 was i n t h e New York d i s t r i c t .
"All o t h e r "
l o a n s a n d d i s c o u n t s w e r e $ 4 0 , 0 0 0 , 0 0 0 b e l o w t h e p r e v i o u s week';s t o t a l a t a l l r e p o r t i n g b a n k s a n d $ 3 8 , 0 0 0 , 0 0 0 b e l o w a t r e p o r t i n g b a n k s i n t h e Jew York d i s t r i c t .
T o t a l l o a n s t o b r o k e r s a n d d e a l e r s s e c u r e d by s t o c k s a n d b o n d s , made b y r e p o r t i n g
member b a n k s i n New York C i t y , i n c r e a s e d $ 5 4 , 0 0 0 , 0 0 0 , l o a n s f o r t h e i r own a c c o u n t
and f o r o u t - o f - t o w n b a n k s h a v i n g i n c r e a s e d $ 1 2 , 0 0 0 , 0 0 0 e a c h and l o a n s f o r o t h e r s
$30,000,000.
H o l d i n g s of U. S. Government s e c u r i t i e s w e r e $ 7 , 0 0 0 , 0 0 0 b e l o w t h e December 8
t o t a l , a d e c l i n e of $ 2 7 , 0 0 0 , 0 0 0 i n t h e New York d i s t r i c t b e i n g o f f s e t i n p a r t b y
a n i n c r e a s e of $ 9 , 0 0 0 , 0 0 0 i n t h e P h i l a d e l p h i a d i s t r i c t a n d s m a l l e r i n c r e a s e s i n
some of t h e o t h e r d i s t r i c t s .
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 a n d s e c u r i t i e s i n c r e a s e d $ 2 9 , 0 0 0 , 0 0 0 , a l l of t h e d i s t r i c t s e x c e p t Richmond a n d D a l l a s r e p o r t i n g •
r e l a t i v e l y small i n c r e a s e s in t h i s item.
Net demand d e p o s i t s w e r e $ 2 9 0 , 0 0 0 , 0 0 0 a b o v e t h e December 8 t o t a l , t h e p r i n c i p a l i n c r e a s e s i n c l u d i n g $ 1 9 5 , 0 0 0 , 0 0 0 i n t h e New York d i s t r i c t , $ 3 2 , 0 0 0 , 0 0 0 i n
t h e C h i c a g o d i s t r i c t , $ 1 9 , 0 0 0 , 0 0 0 i n t h e San F r a n c i s c o d i s t r i c t a n d $ 1 0 , 0 0 0 , 0 0 0
i n the Dallas d i s t r i c t .
Government d e p o s i t s w e r e l a r g e r t h a n a week a g o a t r e p o r t i n g banks i n a l l d i s t r i c t s , the p r i n c i p a l i n c r e a s e s b e i n g $28,000,000 and
$ 1 3 , 0 0 0 , 0 0 0 i n t h e New York a n d P h i l a d e l p h i a d i s t r i c t s , r e s p e c t i v e l y .
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 were $ 4 5 , 0 0 0 , 0 0 0 l e s s t h a n on
December 8 , t h e r e d u c t i o n of $ 6 3 , 0 0 0 , 0 0 0 r e p o r t e d f o r b a n k s i n t h e New York d i s t r i c t b e i n g p a r t l y o f f s e t b y r e l a t i v e l y s m a l l i n c r e a s e s i n some of t h e o t h e r d i s t r i c t s , p a r t i c u l a r l y P h i l a d e l p h i a and S t . L o u i s .
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 w e e k a n d t h e y e a r e n d i n g December 1 5 , 1 9 2 6 , f o l l o w s :
Increase or decrease during
Year
Week
Loans and d i s c o u n t s , t o t a l
. . .
Secured by U.S. Govt, o b l i g a t i o n s
S e c u r e d b y s t o c k s and b o n d s
. .
All other
Investments, t o t a l
U. S. s e c u r i t i e s
Other b o n d s , s t o c k s and s e c u r i t i e s
-
+
-
+
$38,000,000
4,000,000
74,000,000
-
+
22,000,000
7,000,000
29,000,000
-
+
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
+
+
+
290,000,000
2,000,000
89,000,000
T o t a l b o r r o w i n g s f r o m F . R. B a n k s
-
R. B a n k s
+
+
-
40,000,000
99,000,000
12,000,000
Reserve b a l a n c e s with F
Cash i n v a u l t
C.
+
+
+
45,000,000
+
+
4-
$310,000,000
27,000,000
38,000,000
375,000,000
41,000,000
230,000,000
271,000,000
69,000,000
3,000,000
-
47,000,000
497,000,000
94,000,000
-
55,000,000
-
+
For immediate r e l e a s e
S t . 5196a
PRINCIPAL RjjoOURCLJ AND LIABILITIES OF RLPCRTING
BANKS IN LEADING 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 )
R e p o r t i n g member b a n k 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 Ne?/ York C i t y
Deo. 15
Dec. 8
! Dec. 16
. Dec. 15
Dec. 8 ! Dec. 16 . D e c . 15
Dec. 8 j Dec. 16
1
1926
1926
1925
|
1926
; 1926
1926
| 1925
1926
1925
Number of r e p o r t i n g b a n k s - - - - - - - - L o a n s and d i s c o u n t s , g r o s s :
^ e o u r e d b y U. J . Government o b l i g a t i o n s Secured by s t o c k s & bonus - - - - - - - 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 - - - - - - Investments:
U* o . Government s e c u r i t i 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 investments - - - - - - - - - T o t a l l o a n s anu 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 - - - - o a s h i n vLwUlt — — — — — — — — — — — — — — —
689
690
721
54
55
61
!
!
141,127
5,474,193
8,763;875
137,614
5,400,034
8,803,889
168,415 |
43,229
42,451
51,699
5,511,813 ,1,926,508 1,885,282 2,163,111
8,388,733 !2,546,356 2,583,548 2,277,536
;
1
45
13,701
668,492
714,94 0
45
12,546
662,751
724,822
46
18,598
639,590
686,393
14,379,195 14,341,537 14,068,966:4,516,093 4,511,281 4,497,346 .1,397,133 1,400,119 1,344,581
2,391,477
3,161,863
2,398,029
3,133,326
2,621,303:
2,891,090
!
163,498
211,232
157,860
204,818
178,630
192,012
5,553,340
5,531,355
5,512,39311,725,086 1,747,015 1,742,503 i
r
374,730
362,673
370,642
858,908
866,178
885,153
861,862
951,796
790,707
19,932,535 19,872,892 19,581,369 lb,241,179 6,258,296 6,239,849 j1,771,863 1,762,797 1,715,223
1,758,951
324,045
1,660,056
312,265
1,690,215
326,694
768,479
72,305
714,186
67,917
703,507
78,697
177,478
25,370
164,596
23,169
179,184
26,366
ivet demend ue p o s i t s
— — — — — — —* — — — —
Time d e p o s i t s - - - - - - - - - - - - - - Government d e p o s i t s - - - - - - - - - - - -
13,214,138 12,924,329 13,261,037 15,147,735 4,973,316 5,189,044 1,222,649 1,218,736 1,174,229
5,782,401 5,779,969 5,284,937
516,295
503,519
521,294
781,093
907,594
904,703
163,355
15,427
73,873
5,397
8,562
257,581
45,326
63,401
19,684
B i l l s p a y a b l e and r e d i s c o u n t s v/ith F.RlBanks:
S e c u r e d by U . S . Government o b l i g a t i o n s aill c t n e r — — — — — — — — — — — — — — —
T o t a l b o r r o w i n g s f r o m F . R. b a n k s - Lo; n s t o b r o k e r s a n d d e a l e r s ( s e c u r e d by s t o c *
member b a n k s i n New York C i t y :
F o r avn i
259,052
234,728
246,938
150.504
129.925
172.566
364,653
409,556
419,504
and. b o n d s ) m^de b y r e p o r t i n g
For
of o u t - o f - tcvvn b a n k s
of o t h e r s
. demand
. time
. .
. .
46,750
3.100
49,850
95,450
22.059
117,509
825,465
813,368
1,074,765 1,062,969
762.191
792.220
2,692,450 2,638,528
1,996,696 1,956,124
695,754
682,404
41,965
27.869
69,834
20,235
4.528
24,763
10,099
2.622
12,721
24,48 5
17.864
42,349
Far
immediate r e l e a s e
?HI.;CX?AL K^CDV.C^ A7D LLj'.BILITIi J CP ALL i ^ O R m B
BANK3 I K „ACH
E
l ^ E U C ? i d AT
OF
D.C^S^'lb^lo:
,::::::::::;i:::r t ~ r T t
^
:
:
SEEBE:;
aJlOOUS
t 1iilisiS
,001,682 516U 53»S
323 871sg
5| 64724S6K
1£147S i,
32 ;:K im M 'i-5' 3- »:::
,ZZr " "
' '° '° ' - °^
ctLer
4mS_JS6;.U 67:1" %%% «;?2
f i n t h c n s a n a s of a d: l i a r 3
98
Lgcois and D i s c o u n t s , g r o s s :
31
24
66
47
3 5 7 , 2 2 3 406 ,584 1 , 2 8 0 , 5 0 1 3 1 5 , 7 6 2 1 7 s ] 119 3u4.*442 242^194
Tc t u i i n v e s t m e n t s
33
e,3e3 ,,132,419
356,54u
133,190
Total lean:
Reserve balances w i t h F.R.Bk. 100,167
so,e
t cooiits
ITet tieniana a e o o s i t s
Time d e o c s l t s
i
99,204.
7
™"
. " ! - a
;
B i l l s p a y a b l e and r e d i s c o u n t s
v i t h j \ E. Bank:
J e o u r e u u s U. L.G-cvt. ob 1 i P
T o t a l Borrowings from
r\ H. Bank
= ass.
26,504
69,980
609
9 71,' 9 9 7
3,763,875
^
757,815 181,895 110,702 193,636
645,337 622,311 2, 944,956 699,761 361,143
613,265
828,834
24,583
98,819
66
1
%
6
™
ts ::::
22,362
65,831
42,735
1£ 5 , m
731
2
40,207
1U1., '5S3 6i
252,350
61,351
48,823
9,215
27,526
"I'™
5,738
125,
58,823
%'!%
1 2 , 4 54
" ; S s
.w;
,;:S- s vz
" H 9 ?
24,68o
13,209
3,665
22,217
25,882
nAia{Z,Ko' iiAWCi^o OF i ^ ? u n l l l i u
49,253
17,881
9,416
14 ,419
100
600
4,988
5 !, 3 6 3
67,134
23,835
700
10,351
MHK„ IK r'^ly-aiu-.L,
.758.951
324,045
:
°E:S "S:E
380,434 340,666 1, 816,274 417,153 220,657 4 9 1 , 3 5 1
207,600 224,208 1, 060,581 211,434 126,473 145:421
4,537
9,793
17,017
3,884
869
2,322
3,221
9,938
1
s
•
5,723
HASH OlTlEo
33,142
364,653
"k; »$$ 'S:2 s:si as as sss as as as: as ».« *-ss
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