The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
STATEMENT FOR THE PRESS S t . 5204 Feda^al Reserve Board, December 27, 19^6, For Immediate r e l e a s e CONDITION OF MEMBER BANKS IS LEADING- CITIES The F e d e r a l Reserve B o a r d ' s c o n d i t i o n statement of b88 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 as of December 22 shows an i n c r e a s e of S o l , 0 0 0 . 0 0 0 i n l o a n s and d i s c c u n t s and d e c r e a s e s of $39 > 000, 0C0 i n investments an<l of $268,000,000 i n net demand d e p o s i t s . Borrowing;; from t h e Federal r e s e r v e banks i n c r e a s e d $140,000,000 and cash i n v a u l t $39> 000, COO. Member banks i n Now York C i t y r e p o r t e d an i n c r e a s e of $^6,000,000 i n l o a n s and d i s c o u n t s and $ b j , 0 0 0 , 0 0 0 in borrowings f r o m Federal r e s e r v e bank, and a d e c r e a s e of $87,000,000 i n net demand d e p o s i t s . Loans on s t o c k s and bonds, i n c l u d i n g United S t a t e s Government o b l i g a t i o n s , i n c r e a s e d $104,000,COO a t a l l r e p o r t i n g banks and $102,000,000 a t r e p o r t i n g member banks i n the New York 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 were $43,000.000 l e s s t h a n a week ago a t a l l r e p o r t i n g member banks and $19,000,000 l e s s a t r e p o r t i n g member banks i n t h e New York d i s t r i c t . Smaller d e c r e a s e s were r e p o r t e d by member banks i n a l l o t h e r d i s t r i c t s except D a l l a s and San F r a n c i s c o i n which d i s t r i c t s small i n c r e a s e s a r e shown, Total l o a n s t o b r o k e r s and d e a l e r s , secured by s t o c k s and bonds, made by r e p o r t i n g number banks i n New York C i t y i n c r e a s e d $31,100,000, l o a n s f o r t h e i r own account h a v i n g i n c r e a s e d $82,000,COO, while l o a n s f o r o u t - o f - t o w n banks and f o r o t h e r s d e c l i n e d $38,000,000 and $13,000,000, respectively. Holdings of United S t a t e s Government s e c u r i t i e s d e c l i n e d $54,COO,000, d u r i n g the week, of which $25,0 00,000 was a t r e p o r t i n g banks i n t h e Chicago d i s t r i c t and $9,000,000 i n the Cleveland d i s t r i c t . Holdings of o t h e r bonds, s t o c k s and s e c u r i t i e s we re $15,COO,0C0 above the p r e v i o u s w e e k ' s t o t a l , s m a l l e r i n c r e a s e s b e i n g shown f o r r e p o r t i n g banks i n 9 of the o t h e r d i s t r i c t s . Net demand d e p o s i t s d e c l i n e d a t r e p o r t i n g member banks i n a l l d i s t r i c t s , the t o t a l f o r t h e c u r r e n t week being $268,COO,000 below t h e t o t a l on December 15. Borrowings from t h e Federal r e s e r v e banks, 1 i r g e l y as a r e s u l t of t h e demands f o r cash f o r h o l i d a y p u r p o s e s , i n c r e a s e d $140,000.00 0, the l a r g e s t i n c r e a s e s b e i n g $73,000,000 i n the New York d i s t r i c t , $21,000,000 i n tho Chicago d i s t r i c t , and $15,000,000 i n the San F r a n c i s c o d i s t r i c t . A summary of changes i n trie p r i n c i p a l a s s e t s and l i a b i l i t i e s of r e p o r t i n g members d u r i n g t h e weak and the y e a r ending December 2$, 1926, f o 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 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 Secured by s t o c k s and bonds . . All o t h e r + + + - Week $61,000,000 1.000.000 103/000,000 43,000,000 Investments, t o t a l U. S. s e c u r i t i e s Gat h e r bonds, s t o c k s and s e c u r i t i e s + 39,000,000 54,000,000 15,000,000 Reserve b a l a n c e s w i t h F. R. Banks Cash i n v a u l t - 102,000,000 + 39,000,000 + 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 - 268,000,000 8,000,000 + T o t a l borrowings from F. R. Banks + 140,000,000 - Year 4- $323,000,000 32,000,000 25,000,000 + 380,000,000 - + - + - — - - 42,000,000 223,000,000 265,000,000 6,000,000 2,000,000 118,000,000 467,000,000 94,000,000 42,000,000 For immediate r e l e a s e S t . 5204a PRINCIPAL RESOURCES ANT LIABILITIES OF REPORTING MEMBER BAMS IN LEADING CITIES —— ( I n t h o u s a n d s of d o l l ars) AL1 r e p o r t i n g rne.aber banks Dec. 15 192b plumber of r e p o r t i n g banks Loa,ns and d i s c o u n t s , g r o s s : bocc 1 eel by U< S. Government o b l i g a t i o n s - Secured by s t o c k s & bonds - - - - - - - - All 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. 8* Government s e c u r i t i e s - - - - - - - Otner bonds, 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 and i n v e s t m e n t s - - - - - - - - - 1926 6s< 689 142,193 5,577,^0 8,720,963 141,127 5,474,193 763,875 Dec. 23 1925 719 R e p o r t i n g member banks R e p o r t i n g member banks i n Njw York C i t y i n Chicago Dec. 22 Dec. 151 Dec. 23 Dec. 22 | Dec. 15 Dec. 23 1926 1926 1925 ! 1926 I 1926 1925 54 C. 6l 45 46 174,240 45,120 43,229 56, 342j 14,466 .13,701 16,893 5 , 6 0 2 ,.0 4 4 , 2 , 0 2 1 , 0 1 8 1 , 9 2 6 , 5 0 8 2 , 2 7 4 , 3 S 3 j 661,399 608,492 645,45s 2 .34l J 2 3 j 2,52b a o g j E ^ e , 3 5 6 2, 263 ,912j 719,257 714,940 682,507 14,440,251 14,379,195 14,117,60714,592,247 4,516,093 4,594,63711,395,622 1,397,133 1,344,363 I i 3 , 1 7 6 : 9 7 6 _3,_I.6I,S63 2 , 5 5 9 , 8 4 2 | 857,185 2,911,0691 864.770 5,471,711 1,721,955 19,539,313 6,314,202 Reserve b a l a n c e s w i t n F. R. Banks , 6 5— 6,621 1,758,951 1,662,903 Casn iii vaui t — — — — — — — — — — — — 1— 702,992 362,339 324,c45 360,39s 85,113 Net demand d e p o s i t s - - - - - - - - - « - - __ 12,945,976 1 3 , 2 1 4 , 1 3 8 1 3 , 0 6 3 , 4 9 7 5 , 0 6 0 , 3 3 s Time d e p o s i t s - - - - - - - - - - - - 5,774,735 5,782,401 5,303,071 599,512 Government d e p o s i t s - - - - - - - - - - - - 163,365 163,355 257,315 45,326 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.Banks: Secured by U.S. Government o b l i g a t i o n s - 321,537 234,728 324,375 101,450 All 01 ne r - - - - - - - 182,391 129,925 222,230 15,450 - 0 t a l b o r r o l " l n ^ f r o , F, H. Banks 364,653 5c4,425 I 116,900 54 re omn? : cor account of o u t - o f - t o w n banks • . . For account of o t h e r s Total . On demand . . . . . . . . . . . On time . . 358,908 366,173 913,336| 795,1741 , 703, 56ci 142,653 211,117 353,770 163,49s 211,232 374,73c 176,961 198.6-; 375,659 763,479 72,305 72C,835I 93,4651 170,341 30,133 177,473 25,37c 15Q, 7 D7 29,197 ,147,735 904,703 45,326 46,750 3,100 49,850 906,973 325,465 1,037,103 1,074,765 779,389 792,220 2,723,465 2,692,450 2,037,857 1,996,696 635,60s 695,754 797,432 63,401 121,765 27,328 149,0931 1,191,706 1,222,649 1,154,453 524,907 521,294 507,213 8,562 5,562 15,427 17,575 7,412 24,987 20,235 4,525 24,763 24,154 19,si: 43,966 lor ironediate r e l e a s e • ^2'4b i-v-xI.XJrPAij RnSOURC.iiS Ai-T LIABILITIES OF ALL nH.PORTIlTG MEv'SER BANTS IN EACH TZTSRAL RESERVE DISTRICT AS AT CLOSE OF BUSINESS, DECEMBER 2 2 , 1 9 2 o . —— ( i n t h o u s a n d s of d o l l a r s ) F e d e r a l Reserve D i s t r i c t i f e r l e r of r e p o r t i n g banks Leans anc" d i s c o u n t s , g r o s s : Secured b> U.S.Govt. o b l i g . Secured py s t o c k s s bonds All ct.-;,r i c m s & d i s c o u n t s Boston 32 Mew t c r k 92 8,090 48,023 358,116 2 , 3 2 0 , 3 4 7 64o,388 2,874,437 ^ o t a i l o a n s and d i s c o u n t s 1 , 0 0 6 , 5 9 4 5 , 2 4 2 , 8 5 7 Investments: U. S. Government s e c u r i t i e s 135,326 951,636 Otner bonas, s t o c k s & sec o r . 225,789 1 , 1 / 3 , 5 0 6 Total investments 391,615 2 , 1 3 0 , 1 4 2 Pnila. 50 10,096 434,222 377,523 CI e v e . 75 Rich. A t l a n t a 68 ' 35 Chicago 97 St.Louis 31 Minn. * a n s . C - . P a l l a s San "Gran. 24 66 " 47 65 20,773 4,626 5,664 20,10o 6,599 3,327 4,630 4,283 551,536 l 4 8 , 7 1 3 110,610 879,423 196,76*2 6^,826 108,457 73,7h8 788,415 356,633 W , 3 2 9 1 , 2 7 8 , 2 2 8 310,939 174,136 302,647 242,331 5,976 325,320 974,307 ^ctal 688 142,198 5,577,0°0 8,720,96.3 8 2 i , 8 4 i i , 3 6 o , 7 2 4 509,972 516,603 2 , 1 7 8 , 3 5 7 514,300 247,289 415,734 320,377 1 , 3 0 5 , 6 0 3 14,4407251" 87,021 269,324 263,111 36c,4so 62,680 69,380 32.C19 59,403 279,733 6 l , S 6 2 452,893 121,960 64,4o6 47,352 98,524 96,578 90,ISO 29,136 244,264 227,147 2 317 232 3,176^976 356,345 632,609 132,060 97,422 732,67b 183,822 i l l , 7 6 8 195,102 79^286 ^~4ll~5^5l4,258~ T o t a l l e a n s and i n v e s t m e n t s 1 , 3 9 8 , 2 0 9 7,372,999 l , 1 7 2 , 1 2 6 1 , 9 9 3 , 3 3 3 642,032 614,025 2 , 9 1 1 , 0 3 3 692,122 359,057 6 i o , 2 3 6 399,663 1 , 7 7 7 , 0 1 4 1 9 , 9 5 4 , 5 0 9 Reserve b a l a n c e s w i t n F.R.Bk. 9 4 , 7 1 7 762,075 79,304 126,476 3 5 , 2 7 1 3 9 , 3 0 5 246,686 49,309 25,036 56,273 3 0 , 1 0 4 111,465 1 , 6 5 6 , 6 2 1 w s u l.; / s a t 2o,y02 105,450 22,089 4o,5b3 17,39%- 1 2 , 5 7 5 69,663 l o , l 4 o 6,080 l 4 j 4 o 11,378 25,159 362,839 Net^demand d e p o s i t s Tim« a e ^ s i v s uo/orm^n. r e s i t s 901,33/% 5 , 6 2 6 , 4 8 2 42o,32b 1 , 3 4 0 , 0 7 2 17,70c 49,I6O 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 X. A. Bank: Secvred by U.S.Govt. 00 a g . 13,625 a h other 16,836 t o t a l borrowings frorr R. Bank 35,46i 764,704 1 , 0 1 0 , 0 7 3 373,997 330,826 1 , 7 5 5 , 0 0 2 407,294 213,379 490,095 276,704 247,783 So6,Soo 207,390 223,032 1 , 0 5 6 , 5 5 0 211,3^4 126,859 i 4 6 , 4 6 o 9 9 , 6 9 5 22,724 13,089 4,563 9,793 16,997 3,574 950 2,322 5,652 124,725 18,054 22,885 8,562 49,005 26,925 3,270 9,973 2,303 23,333 58,569 29,765 11,497 19,571 1,100 950 2,938 2,589 1,515 2,946 25,055 23,387 182,891 142,779 31,447 75,930 13,243 25,636 88,334 31,068 2,050 5,577 4,46l 48,442 504,423 103,234 58,060 2,119,940 571,705 5A '"TPS' BALANCES OF REPORTING MEMBER Due t o banks from banks 796,082 1 2 , 9 4 5 , 0 7 6 881,824 5,774,735 16,539 ' 163,365 120,651 1 , 0 3 1 , 9 1 1 34,160 93,412 lbl,470 5^,530 43,735 25,062 32,309 16,955 18,533 11,736 BANKS 342,768 150,256 321,537 IN FEDERAL RESERVE BANTT CITIES 79,255 29,544 51,909 102,132 26,-721 46,014 31,983 25,255
@FedFRASER