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' ' • . ' / lelea&ed f o i / p u b l i c a t i o n Saturday a f t e r n o o n , Deo. 27> not earlier. BTA'iEMSHT FOB TEC PRE8E • ' St. 3 F e d e r a l R e s e r v e Bt»t u , December 2b, 1$24. CONDITION OF MEM3EE BAMS IN LEADING CITIES, I n c r e a s e s cf $ 6 , 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 , of $ 9 5 , 0 0 0 , 0 0 0 i n Government d u D O s l t s and of $ ^ 3 , 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 , t o g e t h e r % i t h a d e c l i n e of $>54,OOC,OCO i n n e t demand arid t i m e d e p o s i t s , a r e shown i n t h e f e d e r a l E e s o r v o B o a r d ' s weekly 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 17 of 739 member b a n k s i n l e a d i n g c i t i e s . A l l e l a s s e c of l o a n s and d i s c o u n t s show i n c r e a s e s f o r t h e week; l o a n s on U.S. Government s e c u r i t i e s $ 1 2 , 0 0 0 , 0 0 0 , 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 $ 3 , 0 0 0 , 0 0 0 and- Ail o t h e r , " l a r g e l y c o : c r e r c i a l , l o a n s and d i s c o u n t s $ 2 , 0 0 0 , 0 0 0 . Dva t o t h e i s s u a n c e of J . S. T r e a s u r y Lends on December ,15 ' . ^vlSt'' bonds went up $ 2 8 9 , 0 0 0 , 0 0 0 . H o l d i n g s of L i b e r t y bonds were r e d u c e d by $ 5 0 , 0 0 0 , 0 0 0 , T r e a s u r y n o t e s by $ 1 2 9 , 0 0 0 , 0 0 0 and 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 b y $124,OOu,000. I n v e s t m e n t s i n c o r p o r a t e s e c u r i t i e s show an i n c r e a s e of $ 3 , 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 were $ 1 1 , 0 0 0 , 0 0 0 h i g h e r - t h a n t h e p r e v i o u s w e o k j i n c r e a s e s of $ 3 , 0 0 0 , 0 0 0 i n l o a n s on (J. S. Government s e c u r i t i e s and cf $ 9 , 0 0 0 , 0 0 0 in 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 b e i n g o f f s e t i n p a r t by a d e c l i n e of $ 6 , 0 0 0 , 0 0 0 i n " A l l o t h e r " 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 cf t h e s e b a n k s i n "(J. S. T r e a s u r y h - n d s w e r e i n c r e a s e d by $ 1 5 3 , 0 0 0 , 0 0 0 and i n c o r p o r a t e s e c u r i t i e s Dy $ 4 , 0 0 0 , 0 0 0 , While h o l d i n g s cf L i b e r t y bonds were r e d u c e d by $ 4 7 , 0 0 0 , 0 0 0 , T r e a s u r y , n o t e s by $ 8 7 , 0 0 0 , 0 0 0 and C e r t i f i c a t e s cf i n d e b t e d n e s s by $ 3 1 , 0 0 0 , 0 0 0 . Of t h e a g g r e g a t e r e d u c t i o n of $ 4 4 , 0 0 0 , 0 0 0 i n n e t demand d e p o s i t s $ 1 3 , 0 0 0 , 0 0 0 e a c h i s shewn f o r t h e P h i l a d e l p h i a and C h i c a g o d i s t r i c t s , $ 9 , 0 0 0 , 0 0 0 f o r t h e Bichmcn d i s t r i c t , $ 8 , 0 0 0 , 0 0 0 f o r t h e Cleveland, d i s t r i c t , $ 7 , 0 0 0 , 0 0 0 e a c h f o r t h e B o s t o n andM i n n e a p o l i s d i s t r i c t s , $ 6 , 0 0 0 , 0 0 0 f o r t h e New York d i s t r i c t and. $ 2 , 0 0 0 , 0 0 0 f o r t h e San F r a n c i s c o d i s t r i c t . These r e d u c t i o n s were p a r t l y o f f s e t by s m a l l i n c r e a s e s i n t h e S t . L o u i s , K a n s a s C i t y , D a l l a s and A t l a n t a d i s t r i c t s . Time d e p o s i t s show a d e c l i n e of $10,000,.000 and Government d e p o s i t s a n i n c r e a s e c f $ 9 5 > 0 0 0 , 0 0 0 . The Hew York C i t y members r e p o r t I n c r e a s e s of $ 2 , 0 0 0 , 0 0 0 in t i m e d e p o s i t s and of $ 1 2 , 0 0 0 , 0 0 0 i n Government d e p o s i t s . R e s e r v e b a l a n c e s w i t h the F e d e r a l r e s e r v e b a n k s were i n c r e a s e d by $ 2 5 , 0 0 0 , 0 0 0 and. c a s h i n v a u l t by $ 1 7 , 0 0 0 , 0 0 0 , t h e Mew York C i t y b a n k s r e p o r t i n g i n c r e a s e s of $ 3 3 , 0 0 0 , 0 0 0 and $ 8 , 0 0 0 , 0 0 0 , r e s p e c t i v e l y , u n d e r t h e s e h e a d s . 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 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 i n creased. from $110,000,000 to vl33,000,000. 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 y e a r e n d i n g December 1 7 , 1924, f e l l o w s : I n c r e a s e or d e c r e a s e d u r i n g ?."eok Loans and d i s c o u n t s , Year : ISIo : + $$1177, ,000000,,00 00 00 12,000,000 4 3,000,000 4 2,000,000. 4 +4 11,000,000 239,000,000 129,000,000 124,000,000 ^'3,000,000 4 4 4 total 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. 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 Other bonds, s t o c k s ' a n d 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 . . . . n - . v i«n v«a u l.t . Cash 4 4 + 2 5 , 0 0 00*, 0 0 0 + ' 17,000,000 4 ^£ ' ^ u ' n n o oCO - 4 4 - * 4 •+ 4 + • > 1,061,000,000 678,000,000 323,000,000 20,000,000 656,000,000 339>OOv,vCO 3,000,0.0 -n £SS ::::::::: : $888 % % % T o t a l accommodation .4 4 L4,000,000 10,000,000 95,000,000 4 + 23,000,000 -- — a t F. Banks • • • • 4 > 337*000,vOO uv Released f o r p u b l i c a t i o n Saturday afternoon,December 2], 1324; not e a r l i e r . * ^ a PRINCIPAL RESOURCE AND LIABILITY ITEMS OF REPORTING MEMBER BANKS IN LEADING CITIES [ Number of reporting banks (In thousands of d o l l a r s ) Dec. 17, 1924 - - - 739 Dec. 10, 1924 June 18, 1924 739 7^9 Dec. 19, 1923 7^4 * > " :::::::: llil ill iSl l£d T o t a l l o a n s and d i s c o u n t s D. S. P r o - w a r b o n d s - U. S. L i b e r t y bonds' U. S. Treasury bonds -- 0 . S. t r e a s u r y n o t 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 — - - - Other 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 Reserve balances with Federal Reserve Banks — Cash i n v a u l t Net demand d e p o s i t s iLite d e p o s i t s oLrmmt " " '- deposits B i l l s payable and rediscounts with Federal Reserve uanis: Secured by U. S. Government o b l i g a t i o n s All other Ratio of b i l l s payable and rediscounts with Federal Reserve Banks to 1 • • — t o t•a l- loans and- investments, per cent - C. 12,988,921 12,972,312 12,lll,<tt) *62,571 262,403 272,824 1,113,935 1,464,24, 1,136,031 1,00?,389 364,475 75,230 69,309 82,703 517,^ 646,611 632,643 8>»,0Sg 1^4,058 *273,072 13**,318 133,64 2,880,512 *2,877,486 2."64,157 2,194,893 13,581,926 1c, ~i?Q > 3 ^ 16,870,732 10,4^^,4^2 1,6^4,009 l,6o3,2ol 1,596,232 l,35^,v21 338,421 321,172 274,700 335,637 13,169,492 13,213,04? 11,882,939 11,103,347 4,816,408 4,826,331 ".379,316 4,057,952 5,4l6 129,48, ' 19?,566 U?'l25 Ul'795 74/443 1 1 j .7 •b MO.J05 s *Revised f i g u r e s . •1 11,9*5,997 21%10B ^ 2lS',lSl ' J 1 •ssrsrs "L™™", :™:—...... —,«»» 1 f ^ tarter T S ^ e District Boston of r e p o r t i n g t a n k , „ s « York 42 105 ( i n t h o u s a n d s cf d o l l a r s ) Cleve. Me, Atlanta C h l c j j . St.Lonis PMla. 55 77 75 36 101 33 —— Mi™. E a n s C y . D a l l a s San £ n . "5 — Tot* 71 £E sll ijjtii ii M $1 il .siii-it ltlf~ f I l I l l ' l l I I l I I u. s . C e r t i f i c a t e s of Ix:t^6bt->3d 1163s -other bonis, stocks and securities - • -• . J)»00| - - i ^ f > o o o x, x^q> ^ 6g ** ^ u ±—L—— ^ 1S, 9 7 5 a U 2 ,o 79 — 2,768 6,5^ 1»22J* 101,535 37,*1 — %,%70 4,279 23,916 15M5S 71.935 19,328 186,228 2,880,512 , , jsas=te»-»ss?s'»-^«iw g w« = t l # § 1111=11115= 5 = Bin s payable and rediscounts - | ; T y t , - t . e m , . 3,218 2,126 9,935 ,,029 6,229 & M » £ I S : - J g * « k ,Q m tit. R e l e a s e d f o r p u b l i c a t i o n S a t u r d a y a f t e r n o o n , December 27V 1 9 2 4 ; n o t e a r l i e r . PRINCIPAL RESOURCE AND LIABILITY ITEMS OF REPORTING- MEMBER BANKS IN F. R. BANK AND BRANCH CITIES AND IN OTH.hR SELECTED uITIaS ( i n t h o u s a n d s of d o l l a r s ) A l l F . R. F . R. Other New York C i t y C i t y of Chicago Bank c i t i e s Branch c i t i e s selected cities Dec. 17 Dec. 10 Dec. 17 Dec. 10 Dec. 17 Dec. 10 Dec. 17 Bee. 10 Dec. 17 Dec. 10 67 Number of r e p o r t i n g banks 67 47 47 255 255 193 193 291 sfllilr;iS t'll Si SI M MMMMM T o t a l l o a n s and d i s c o u n t s 4,296,565 4,285,341 1,252,740 1,239,838 8,646,472 8,628,936 2,386,870 2,390,015 291 1,955,579 1,953,361 U. S. P r e - w a r bonds 41,348 41,031 4,104 4,089 92,262 92,105 72,915 72,934 97,394 97,370 U. S. L i b e r t y bonds 547,503 594,188 83,991 80,296 866,422 910,284 352,998 357,166 194,515 196,795 U. S. T r e a s u r y bonds 164,753 12,095 26,061 4,186 275,275 33,463 20,617 36,844 21,150 U. S . T r e a s u r y n o t e s 199,723 63,678 874,741 286,441 82, 343 129,252 45,552 47,714 12, 265 206,108 351,877 106,818 469,645 144,776 97,222 15,570 52,356 120,025 221,274 35,502 *40,420 11,738 16,378 205,313 1,651,101 1,645,521 696,159 *698,342 533,252 530,623 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 bonds, 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 anl 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. Bank 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 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: Secured by U . S . G o v t , o b l i g a t i o n s All other 870,675 6,188,311 6,234,547 1:,667,612 1,649,514 11,990,227 12,004,228 3,716,525 3,708,746 271,335 251,546 174,854 1,236,259 1,213,515 166,991 720,690 754,025 2,874,874 2,863,391 70,366 73,812 9,247,843 2,184,943 2,192,263 2,449,670 1,377,830 1,383,767 88,987 89,542 1,750,882 1,772,937 6,433 30,167 32,264 74,397 5,355,109 5,367,893 1,166,455 1,178,046 451,335 451,207 810,913 812,534 3,082 16,410 17,585 25,596 82,503 9,635 2,581 9,755 2,791 j 4,430 4s 6 655 270 175,067 9,203,667 2,444,730 161,819 126,790 55,108 39,251 23,875 29,013 16,920 26,195 16,570 52,848 10,220 12,008 *Bevisec) f i g u r e s . 35,100 176,204 184,425 993,548 14,264 992,914 8,878 14,925 6,617 13,217
@FedFRASER