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STATEMENT FOR THE PEEKS
St.
Federal Reserve Board.
December 4, 1924.
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. 5 ;
not e a r l i e r .
CONDITION OF MEMBER BANKS IN LEADING CITIES
I n c r e a s e s of $45, 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 , t o g e t h e r w i t h d e c r e a s e s of
$ 7 1 , 0 0 0 , 0 0 0 i n r e s e r v e b a l a n c e s and of $ 2 6 , 0 0 0 , 0 0 0 i n n e t demand d e p o s i t s , a r e
shown i n t h e F e d e r a l R e s e r v e Board 1 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
November 26 of 7^1 member banks i n l e a d i n g c 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 went u p $ 4 6 , 0 0 0 , 0 0 0 , i n c r e a s e s of $3>000,000 i n l o a n s
on U, S. Government s e c u r i t i e s and of $ 5 8 , 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
b e i n g o f f s e t i n p a r t by a d e c r e a s e of $ 1 5 , 0 0 0 , 0 0 0 i n " A l l o t h e r , 11 l a r g e l y commerc i a l , 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 i n U. S. bonds were i n c r e a s e d by $ 3 , 0 0 0 , 0 0 0
and i n v e s t m e n t s i n U. S. T r e a s u r y n o t e s - by $ 1 0 , 0 0 0 , 0 0 0 , w h i l e hold i n g s of 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 and c o r p o r a t e s e c u r i t i e s d e c l i n e d by $ 3 , 0 0 0 , 0 0 0 and
$ 1 1 , 0 0 0 , 0 0 0 , r e s p ec t i v e l y .
Loans and d i s c o u n t s o f t h e New York c i t y banks a g g r e g a t e d $ 1 7 , 0 0 0 , 0 0 0 more t h a n
ftr
t h e p r e v i o u s week. Loans :n U. S. Government s e c u r i t i e s went up $ 2 , 0 0 0 , 0 0 0
and 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 - $ 2 8 , 0 0 0 , 0 0 0 , w h i l e 11 A l l o t h e r " l o a n s and d i s c o u n t s show a r e d u c t i o n of $ 1 3 , 0 0 0 , 0 0 0 .
I n v e s t m e n t s of t h e s e b a n k s i n U. S. Government s e c u r i t i e s were i n c r e a s e d by $ 5 , 0 0 0 , 0 0 0 and t h e i r h o l d i n g s of c o r p o r a t e s e c u r i t i e s were reduced by $ 1 2 , 0 0 0 , 0 0 0 .
Net demand d e p o s i t s show a d e c l i n e of $ 2 6 , 0 0 0 , 0 0 0 , r e d u c t i o n s of $ 2 2 , 0 0 0 , 0 0 0 in
t h e Boston d i s t r i c t , $ l 4 , 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 and of $ 6 , 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 b e i n g 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 some of t h e o t h e r
districts.
Time d e p o s i t s of a l l r e p o r t i n g members went down $ 5 , 0 0 0 , 0 0 0 w h e r e a s t h e
New York C i t y b a n k s r e p o r t an i n c r e a s e of $ 3 , 0 0 0 , 0 0 0 u n d e r u h i s h e a d .
R e s e r v e b a l a n c e s were r e d u c e d by $ 7 1 , 0 0 0 , 0 0 0 w h i l e c a s h i n v a u l t i n c r e a s e d by
$11,000,000.
The New York C i t y members r e p o r t a d e c r e a s e of $ 1 5 , 0 0 0 , 0 0 0 i n r e s e r v e
b a l a n c e s and a n i n c r e a s e of $ 7 , 0 0 0 , 0 0 0 i n c a s h .
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 banks d e c l i n e d from $ 2 2 , 0 0 0 , 0 0 0 t o $ 5 6 , 0 0 0 , 0 0 0 . L i k e b o r r o w i n g s of t h e New York C i t y banks
d e c r e a s e d f r o m $28, 0 0 0 , 0 0 0 t o $ 5 , 0 0 0 , 0 0 0 .
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 November 26, 1924, f o l l o w s :
Increase
or
decrease
Year
V>eek
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 other
W,000,000
. .
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 . .
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 . .
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
Government d e p o s i t s
T o t a l accommodation a t
. . .
+
—
+
. . . . . . . .
F. R. Banks
3 , 0C0,000
$ 966,000,000
+
42,000,000
-
51", oco, 000
15,000,000
+
+
751,000,000
257,000,000
1,000,000
3,000,000
10,000,000
3,000,000
+
1,153,000,000
11,000,000
+
699,000,000
71,000,000
11,000,000
+
240,000,000
26,000,000
5,000,000
4- 1,959,000,000
-
-
during
16,000;ooo
+
-
•
+
+
+
444,000,000
204,000,000
214,000,000
9,000,000
805,000,000
90,000,000
442,000,000
Eel eased for* 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 5, 1924; not e a r l i e r .
S t . 4345a
PRINCIPAL RESOURCE AND LIABILITY ITEMS OF TEPOETINS MEMBEB BANKS IN LEADING CITIES
(In thousands of dollars)
Nov. 26, 1924 Nov. 19» 1924 May 25, 1924
741
743
Number of reporting banks - - - - - - - - - - - - - - - - - - - - - - 749
Loans and discounts, g^oss:
215,064
182,082
185,453
Secured by U. S. Government obligations - - - - - - - - - - 4,425,310
4,422)723
Secured by stocks an^ bends (other than U. S, securities) - - - - - - 3,259,590
8,201,850
8,216,652
7,876,217
All other loans and discounts - - - - - - - - - - - - - - - - - - - - -
Nov. 25, 19;
767
226,939
3,732,015
7,945,033
12,870,026
-- -- - - - - - - - - 264,094
_______ - - - - - l,481.601
- - - - - - - - - - - - 67,188
- - - - - - - - - - - - - - - - - - — - — — - — — — 638,436
—
282,232
- -- -- -- -- -- -2,853,3?7
- - - - - - - - - - - - - - - -
12, 524,044
264,808
1,474,820
69,854
628;665
285,623
2, 894,512
11,951,171
271,867
1,149,371
67,209
662,513
86.975
2,421,074
11,903,927
275;655
1,011,466
81,381
841,944
68,668
2,184,472
Total loans and discounts and investments - - - - - - - - - - - - - - -
18,486,904
IS, 4-12,332
16,610,ISO
16,367,573
reserve balances with Federal Fa-serve Banks - - - - - - - - - - - - - - - -
1, 624 ,841
305,063
1, 696,457
294,076
1,446,754
286,650
13,065,182
4,856.569
139,695
*13,091,456
4, 561,734
139,690
11,403,193
4,322,630
89,055
1,355,302
296,516
11,106,667
4,048,142
49,295
32,706
33,513
24,034
58,371
81,351
100,110
256,178
252,066
.4
.4
1.1
3.1
U«
IL
U»
U:
U.
Total 1 oar. s and discounts - - S. Pre-war bono s - - - - - - - S. Liberty bonds - - - - - - - S. Treasury bonds - - - - - - S $ Tr (3B5U ry notes - —
3. 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
-- - - -
-- - - —
- -- -
- - -
-- - - —
- -
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 e d e r a l Reserve Banks:
Secured by U. S. Government o b l i g a t i o n s - - - - — - - - - - - - - - All other - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - P a t i o of 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 e d e r a l Reserve Banks t o
t o t a l loans and investments, per cent - - -
-- -- -- -- -- -- - -
*Eevised f i g u r e s *
r e l e a s e r 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 5, 1924; n o t e a r l i e r .
/ J
PRINCIPAL PESOUPCE AND LIABILITY ITEMS OF AI,L EEPOBTING MEMBEB BAMS III EACH FEDEPAT- RESERVE DISTRICT AS AT CLOSE uF iiuSTMESB, ImOvE'E.v
»s»rve D i s t r i c t
of r e p ^ t i n , banks
^ 3 T
B^ton
42
Mew York
108
T o t a l l o a n s and d i s c o u n t s 926,301 4 , 7 4 1 , 3 2 1
Phil a.
55
_ ( l n t h o u s a n d s of ^ p i l a r s }
CI eve.
P i c h . A t l a n t a Chicago S t . L o u i s
77
75
36
10]
33
Minn.
25
.
Xans.Cy. D a l l a s
71
50
San^Fran.
bo
701,674 1,16*1,888 4 7 3 , 9 6 2 445,475 1 , 9 0 1 , 4 2 7 492,816 2 , 2 , 1 1 0 4 2 2 , J 6 4 2 j l , 7 3 o
,^
^otal
,4i
lc,Wo,0co
u. i . P r e - w a r bonds
13,432
51,559
10,689
45,531
27,112
14,767
22,198
14,357
6,542
11,217
15,534
2°,156
2o*,vyt
U. S. L i b e r t y bonds
83,753
701,055
54,506
197,913
35,706
10,290
162,474
25,330
23,684
40,4ll
13,039
123,440
1,-to.^vv.
U. s . T r e a s u r y bonds
u. s. Treasury notes
3,760
10,872
19,193
310,053
3,157
22,613
3,131
65,300
2,071
2,543
622
2,860
10,722
124,168
1,750
ll,l6l
226
19,601
2,916
25,467
967
»,b59
15,64,
3 ,63;;
o,,!:c>,<)o
8,291
146,282
15,104
18,129
2,796
2,354
35,142
2,710
13,615
7,277
5,296
25,236
2E2,?J2
200,#07 1 , 1 4 4 , 3 4 9
252,960
346,614
64,592
44,93#
**7,724
U
*Indebt^nesaateS ^
StCCkS
^ c u r r n U
TC
and
9 8 , 6 2 7 _ 3 M 3 ^ ! m _ J M ^ ^
2
<
a S i n v e s t m e n t s i S C 0 U n ^ i , 2 4 6 , 8 1 6 7 , 1 1 3 , 5 1 2 1 , 0 6 0 , 7 0 3 1 , 5 3 9 , 0 0 6 608,782 521,302 2 , 6 7 3 , 5 5 5 646,753 378,709 551,309 3 5 7 , 5 8 4 1 , 4 5 7 , 9 4 3 1 5 , 4 8 6 , 9 0 4
R e s e r v e
balances
with F.E.Bk.92,698
761,755
82,209
116,653
35,201
37,201
232,562
46,685
29,999
54,030
30,014
102,831
1,624,^1
19,559
91,890
18,982
32,6lS
14,866
11,754
54,670
8,116
6,293
12,353
10,590
22,242
3-5,^"3
C~sh i n v a u l t
demand d e p o s i t ,
Time d e p o s i t s
Government
877,722 5 , 8 3 9 , 8 5 2
762,257 1 , 0 1 9 , 4 2 5 359,507 301,764 1 , 7 1 0 , 4 0 9 3 3 5 , 1 6 3 263,035 473,927 2 6 6 , 0 8 2
800,979 1 3 , 0 6 5 , 1 5 2
319,966 1 , 1 8 1 , 2 4 2
177,501
91,569
655,977
4 , 6 5 6 , 5t-9
139,695
deposits
15,403
32,501
.
16,014
4,161
701,195 1 7 9 , 4 2 1 191,059
910,056 215,795
9 7 , 0 5 7 135,428
22,204
17,593
7,077
4,946
11,845
2,377
1,165
2,730
3,643
15,211
J5
'934
6,52s
2J17
2,015
6,321
__ K
9,639
3.20U
' 964
w
2,7^0
140
-
627
-
WW
1,403
75
1,733
B i l l s p a y a b l e and r e d i s c o u n t s
l r i ™ : = o v t .
All o t h e r
,
M l s
71B
2,801
8t?
32.706
V
33V / v - v
Beleased 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 5, 1924; not. e a r l i e r .
PP INC IP AT, RESOURCE AND LIABILITY ITEMS OF ^EPOETINS MEMBER BAMS IN F. P. BAN7 AND BRANCH CITIES AMD IN
( i n t h o u s a n d s of d o l l a r s )
F. E.
A l l F. P.
Branch c i t i e s
Bank c i t i e s
C i t y of Chicago
New York C i t y
Nov. 26 Nov. 19
Nov. 26 Nov. 19
Nov. 26 Nov. 19
Nov. 26 Nov. 19
Number
67
of r e p o r t i n g banks
Loans and d i s c o u n t s , g r o s s :
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
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
u. S. Pre-war bonds
65,186
67
63,122
1,854,699 1,527,445
2,314,695 2,327,507
47
24,380
)U 1) y { (
503,977
714,893
255
47
23,437
126,517
; v f , x I -T 3 , 2 9 S , 6 l l
507,17U
706,531 5,168,305
4,234,520 4,215,074 1,243,250 1, 237,142
4,107
4,109
40,934
41,032
2,593,436
92,405
255
193
SET.-EC TED C I T E S
194
Other
selected c i t i e s
Nov. 26
Nov. 19
293
294
25,839
25,669
32,631
33,067
123,612
v
522,210
522,962
645,02c
655,144
j )
^ 1
vv > * • •
- •v> -—
^
3,252,072
v
5,177,717 1,671,731 l,667,b5£ 1,361,211 1,371,277
8,553,401 2,,359,942 2.,345,317
74,085
92,261
73,577
1,916,64S
92,112
92,462
1,925,326
u. s. L i b e r t y bonds
605,312
607,712
30,656
22,192
922,695
931,000
354,20S
344,324
192,692
199,436
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 . 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
12,656
229,950
144,250
2,956
2,922
89,592
23,092
199,610
34,050
456,119
222,762
1,671,570
17,551
127,911
42,556
17,342
125,416
46,440
256,233
94,397
22,846
2CO, 228
31,042
463,626
Oth i r bonds, s t o c k s and s e c u r i t i e s
12,607
252,540
140,949
599,230
697,66S
694,127
12,595
46,299
16,047
527,020
18,462
47,12s
16,415
528 , 761
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 b a l a n c e s w i t h F. H. 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
223,329
1,652,639
6,217,613 6,205,346 1,642,472 1,635,669 11,991,172 11,961,169 3,673,713 3,647,173
706,714
722,332
163,219
120,647 1,175,242 1,231,427
271,146
272,310
75,263
65,582
22,354
27,670
157,270
5,314,162 5,307,311 1,172,660 1,172,648
247,211
244,513
445,237
447,036
9,171,040
2,4Q4,S65
147,107
65,440
64,837
9,129,007 2,162,102*2,155,695
2,492,480 1,370,134 1,376,405
Government d e p o s i t s
26,826
26,526
5,095
5,09s
90,146
90,139
39,032
39,032
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. Govt, o b l i g a t i o n s
All other
3,760
.1,296
6,230
22,207
555
425
1,225
7,603
9,093
2,548
33,944
17, 625
9,222
9,157
9,577
382
2,222,019 2,833,990
178,453
192,660
82,353
22,132
1,732,034 1,746,754
991,570
992,249
10,511
10,513
7,475
14,592
6,329
14,650
*F;evise<5 f i g u r e s .
4
@FedFRASER