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STATEMENT FOR THE PRESS 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. 25 j not e a r l i e r . St. 4775 F e d e r a l R e s e r v e Board, December 24, 1925* 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 s t a t e m e n t of c o n d i t i o n of 721 r e p o r t i n g member banks i n l e a d i n g c i t i e s a s of December l 6 shows i n c r e a s e s d u r i n g t h e week of $ 1 7 , 3 0 0 , 0 0 0 i n l o a n s and d i s c o u n t s , $ 9 5 , 3 0 0 , 0 0 0 i n i n v e s t m e n t s , $ 1 0 7 , 0 0 0 , 0 0 0 i n n e t demand d e p o s i t s , and $ 2 1 9 , 0 0 0 , 0 0 0 i n Government d e p o s i t s . These i n c r e a s e s were accompanied by r e d u c t i o n s of $ 5 3 , 0 0 0 , 0 0 0 i n t i m e d e p o s i t s and $ 6 4 , 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 s . Member banks i n New York C i t y r e p o r t e d d e c l i n e s of $ 1 , 0 0 0 , 0 0 0 i n l o a n s and d i s c o u n t s and $ 6 7 , 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 , . t o g e t h e r w i t h i n c r e a s e s of $ 2 3 , 0 0 0 , 0 0 0 e a c h i n i n v e s t m e n t s and net demand d e p o s i t s , and of $ 5 4 , 0 0 0 , 0 0 0 i n Government d e p o s i t s . Loans on U, S. Government s e c u r i t i e s d e c l i n e d $ 8 , 0 0 0 , 0 0 0 i n t h e New York d i s trict. Loans on c o r p o r a t e s t o c k s and bonds went up $ 7 2 , 0 0 0 , 0 0 0 , i n c r e a s e s b e i n g shown f o r a l l d i s t r i c t s e x c e p t Richmond and A t l a n t a . The p r i n c i p a l i n c r e a s e s i n t h i s i t e m were $ 4 1 , 0 0 0 , 0 0 0 i n t h e New York d i s t r i c t and $ 1 5 , 0 0 0 , 0 0 0 i n t h e P h i l a delphia d i s t r i c t . A l l o t h e r l o a n s and d i s c o u n t s f e l l o f f $ 4 7 , 0 0 0 , 0 0 0 , of which $ 3 3 , 0 0 0 , 0 0 0 was i n t h e New York d i s t r i c t . 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 were $ 1 2 8 , 0 0 0 , 0 0 0 more t h a n a week e a r l i e r , i n c r e a s e s b e i n g shown f o r banks i n a l l d i s t r i c t s . The l a r g e s t i n c r e a s e s were as f o l l o w s : New York d i s t r i c t $ 4 4 , 0 0 0 , 0 0 0 , Boston d i s t r i c t $ 1 7 , 0 0 0 , 0 0 0 , C l e v e l a n d d i s t r i c t $ 1 5 , 0 0 0 , 0 0 0 , and t h e P h i l a d e l p h i a , Chicago and San F r a n c i s c o d i s t r i c t s $ 9 , 0 0 0 , 0 0 0 e a c h . H o l d i n g s of o t n e r bonds s t o c k s and s e c u r i t i e s d e c l i n e d $ 3 3 , 0 0 0 , 0 0 0 , of w h i c h $ 1 4 , 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 , and $ 8 , 0 0 0 , 0 0 0 and $ 7 , 3 0 0 , 0 0 0 f o r t h e C l e v e l a n d and San F r a n c i s c o d i s t r i c t s , r e s p e c tively. The i n c r e a s e of $ 1 0 7 , 0 0 0 , 0 0 0 i n n e t demand d e p o s i t s was p a r t i c i p a t e d i n by a l l d i e t r i c t s e x c e p t C l e v e l a n d , Richmond and D a l l a s . The p r i n c i p a l i n c r e a s e s i n t h i s i t e m were $ 3 4 , 0 0 0 , 0 0 0 , i n t h e New York d i s t r i c t , $ 3 0 , 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 , $ 1 8 , 0 0 0 , 0 0 0 i n t h e Chicago d i s t r i c t , and $ 1 5 , 0 0 0 , 0 0 0 and $ 1 4 , 0 0 0 , 0 0 0 i n t h e B o s t o n and 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 . Time d e p o s i t s were $ 5 5 , 0 0 0 , 0 0 0 l e s s t h a n l a s t week, t h e l a r g e s t d e c l i n e s of $ 4 4 , 0 0 0 , 0 0 0 and $ 1 0 , 0 0 0 , 0 0 0 were r e p o r t e d f o r t h e San F r a n c i s c o and B o s t o n d i s t r i c t s respectively. Government d e p o s i t s went up $ 2 1 9 , 0 0 0 , 0 0 0 , i n c r e a s e s b e i n g r e p o r t e d by banks i n a l l Federal reserve d i s t r i c t s . 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 banks c o n s i s t e d of a r e d u c t i o n of $ 6 4 , 0 0 0 , 0 0 0 by b a n k s i n t h e New York d i s t r i c t and of $ 1 6 , 0 0 0 , 0 0 0 and $ 1 1 , 0 0 0 , 0 0 0 by banks i n t h e San F r a n c i s c o and B o s t o n d i s t r i c t s , r e s p e c t i v e l y , and a n i n c r e a s e of $ 1 4 , 0 0 0 , 0 0 0 by banks i n t h e C l e v e l a n d 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 and the y e a r e n d i n g December 16, 1925, f o l l o w s : 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 . Govt, o b l i g a t i o n s Secured by s t o c k s and bonds All o t h e r Investments, t o t a l U. S. bonds 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 bonds, s t o c k s and s e c u r i t i e s 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 . T o t a l accommodation at F . R. Banks DigitizedC.for FRASER . + $17,000,000 8,000,000 . . + 72,000,000 - 47,000,000 + + + + . . . . . + + - 95,000,000 9,000,000 26,000,000 111,000,000 33»000,000 7,000,000 13,000,000 107,000,000 58,000,000 219,000,000 64,000,000 during Year + $1,080,000,000 23,000,000 + 905,^00,000 + 195,000,000 + + + + + + + 81,000,000 11,000,000 146,000,000 43,000,000 11,000,000 4,000,000 12,000,000 92,000,000 469,000,000 77,000,000 287,000,000 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 f t e r n o o n , December 25, 19^5J n o t e a r l i e r . £t. PRINCIPAL RESOURCES AMD LIABILITIES 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 ) j R e p o r t i n g rnembesr b a n k s i A l l r e p o r t i n g member b a n k s i i 1 New York C i t y J | Dec. -lb 1 Dec. 9 Dec. l b 1 Dec. 9 I Dec. 17 1 Dec. 17 1925 1925 1 1 1924 1925 1924 1 1925 i Number cf r e p o r t i n g b a n k s - - - - - - - - - 721 722 6l 739 ji 61 67 Loans and d i s c o u n t s , g r o s s : Secured by U. S. Government o b l i g a t i o n s - Secured by s t o c k s and b o n d s - - - - - - - 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. S. P r e - w a r b o n d s - - - - - - - - - - - U. S. L i b e r t y b o n d s - - - - - - - - - - - - U. S, T r e a s u r y b o n d s - - - - - - - - - - U. 3, 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 - - - -• 168,415 5,511,818 8,338,733 ! 46 46 47 ' 175,292 5,440,124 8,435,708 191,4491 51,699 59 , 630 4. 606 Sb9 1 2 , 1 6 3 , 1 1 1 2 , 1 3 0 , 0 3 3 8,190:603 2 , 2 7 7 , 5 3 6 2,309,009 18,598 17,571 637,610 685,113 24,229 514,664 713,847 4,296,565 1,344,581 1,340,299 1,252,740 222,425 1,404,272 434,502 345,448 85,951 2,924,475 262,571 29,784 506,310 1,4.13.935 364,475 1 9 2 , 1 5 9 185,424 53 7,45'-! 154,053 38.119 2 , 8 8 0 , 3.! 2;j 7 3 0 . 7 0 7 69,347 1,933,953 2.293,265 29,771 521,104 188,822 156,770 13,465 809,688 41,348 547;503 164,753 199,723 b3,678 874,741 Total investments - - - - - - - - - - - - • 5,512,393 5,417,073 ' 5,593,005 1,742.503 1,719,620 1,891,746 T o t a l l o a n s and i n v e s t m e n t s - - - - - - • 1 9 , 5 8 1 , 3 5 9 1 9 , 4 6 8 , 7 9 7 1 8 , 5 8 1 , 9 2 o | | b , 2 3 9 ,.849 6 , 2 1 8 , 2 9 2 1,690,215 1 , 6 8 3 , 1 8 8 1 , 6 9 4 , 0 0 9 ji 7 0 3 , 5 0 7 724,911 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 — — - - - - - — 2,891,090 326,694 313,407 3 3 8 , 4 2 1 j1 78,697 71,H9 5,284,937 5,342,727 4,816,408 1 781,093 63,401 785,260 9,649 639,590 686,393 2,850 1,96s 105,544 16,256 192,012 103.494 16,211 50,659 945 193,903 4,104 83,991 26,061 82,343 12,265 206,108 370,642 367,150 414,872 49,309 4,671 6 , 1 8 8 , 3 1 1 11 1 , 7 1 5 , 2 2 3 1 , 7 0 7 , 4 7 9 1 , 6 6 7 , 6 1 2 16S ,604 7 5 4 , 0 2 5 11 1 7 9 , 1 8 4 166,991 8 2 , 5 0 3 !| - - - - -• 1 3 , 2 6 1 , 0 3 7 1 3 , 1 5 4 , 2 0 7 1 3 , 1 6 9 : 4 9 2 1 5 , 1 8 9 , 0 4 4 5 , 1 6 6 , 0 2 7 5 , 3 5 5 , 1 0 9 - - —- - - - - - R e p o r t i n g member b a n k s i n Chicago Dec. l b i Dec. 9 1 Dec. 17 1925 | 1924 | 1925 j lU,0b8,966 14,051,724 12,988,921 4,497,346 4,498,672 223,449 1,387,155 441,394 371,852 197,447 4775a 26,366 25,223 32,264 |l,174,229 1,188,504 1,166,455 502,302 451,207 28,596 503,519 15,427 1,497 17,585 812,534i1 C-overnrnent 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 . w i t h F . R . Banks: Secured by U>S. Government o b l i g a t i o n s - - All other - - - - - - - - - - - - - - - - 257,551 38,560 180,305| 24bz938 172,560 284,560 193,636 90,7391 42,125] 41,965 27,869 83,795 53,123 9,635 2,581 24,485 17,864 17,125 3,883 4,430 48 6 T o t a l b o r r o w i n g s f r o m F, R. Banks - - - - 419,504 483,202 132,3641 69,834 1.36,918 12,216 42,349 21,008 4,916 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 25, 1 9 2 5 ; n o t e a r l i e r . S t . 4775b PRINCIPAL RESOURCES AND LIABILITIES OF ALL REPORTING MEMBER BANKS IN EACH FEDERAL RESERVE DISTRICT AS AT CLOSE OF BUSINESS 1 DECEMBER 1 6 , 1 9 2 5 . ( I n t h o u s a n d s of d o l l a r s ' ) Federal Reserve D i s t r i c t B o s t o n New York Phil a. CIeve, Rich. A t l a n t a C h i c a g o S t . L o u i s Minn. Kans.Cy. D a l l a s ban Fran. Total. Number of r e p o r t i n g b a n k s 41 101 54 75 72 100 3b 33 24 69 49 Loans and d i s c o u n t s , g r o s s : 67 721 S e c u r e d by U . S . G o v t , o b l i g . 10,860 56,809 12,078 S e c u r e d by s t o c k s & b o n d s 344,505 2,429,119 8,044 1 68,415 403,342 All o t h e r l o a n s & d i s c o u n t s 6 5 9 , 1 7 5 2 , 5 9 5 . 8 6 8 271,390 5,511,818 360,370 922,727 8,388.711 Total loans aW discount, 1 , 0 1 4 , 5 4 0 5 , 0 1 , 7 9 6 Investments: U. S. P r e - w a r b o n d s U. S. L i b e r t y b o n d s U. S. T r e a s u r y bonds 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 >;onds, s t o c k s a n d securities Total investments 9,634 85,727 18,590 4,445 23,275 40,470 597,376 207,649 194,172 40,721 C. 9,488 48,765 18,094 8,805 10,354 210,933 1 , 0 9 2 , 4 2 1 352,604 2,172,809 Reserve balances w i t h F.R.Bk. 94,133 762,189 Cask i n v a u l t 24,073 96,905 Net demand d e p o s i t s 912,807 5,760,594 Time d e p o s i t s 394,207 I , l b 7 , 0 b 9 Government d e p o s i t s 23,603 72,790 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„ Bank: S e c u r e d by U . S . G o v t , o b l i g 5,251 79,117 All other 8,671 32,779 Due t o b a n k s Due f r o m b a n k s ililiikiliSiiiis il 775,790 1.280.938 5 S . E 1 8 129,196 1,054,415 37,991 110,260 3:;j 33,131 166,837 34,867 26,893 31,473 531,433 1 , 2 0 2 , 1 6 1 1 4 , 0 6 8 , 9 66 25,564 29,430 8,058 1,787 5,052 14,881 15,.8O7 5,867 2,096 9,414 18,541 173,972 52,852 63,407 18,237 :fo8'1115—62,2gO 51,031 421,299. 1 0 9 , 9 8 1 99,096 ^IL 616 132,171 12,957 23,238 10,651 6,894 6,136 7,371 26,490 12,277 18,519 3,926 9,183 49,413 15,352 14,932 4,345 17,955 18,092 6,029 5,944 7,548 24,274 147,008 51,108 23,964 31,966 223,449 1,387,155 44i,394 371,858 197,447 42.79_2__77,297 24, 028 201,216 2,891,090 7 5 3 , 3 0 8 1 6 9 , 5 3 7 1 1 6 , 3 7 5 170,522™ 7 9 , 5 9 6 479,536 5,512,393 1,681,697 19,581,359 114,432 1,690,215 24,558 326,694 828,945 13,261,037 .778,498 5,284,937 9,819 32,990 257,581 ii - II a IS til S i! IIS 23,742 11,926 2D,759 7,796 12,911 31,375 7,301 6,078 2,417 1,605 6,628 BANKERS' BALANCES OF REPORTING MEMBER BANKS IN FEDERAL RESERVE BANK CITIES 9,879 »:i%6 17 7 7 : 34b4° '&352 25:567 11:573 i4 5 :$ ^5:151 ^ 164:405 "I'M ^ T t i % : o o | '52:724 33,'080 32,907 11,469 246,938 172,566 H I , 331 58,290 2,248,588 646,062
@FedFRASER