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STATEMENT FOR THE PRESS s t . 6091 F e d e r a l Reserve Board, February 11, 1929 For immediate r e l e a s e CONDITION OF WEEKLY REPORTING BMKS IN 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 weekly r e p o r t i n g member banks i n 101 l e a d i n g c i t i e s on February 6 shows an i n c r e a s e f o r the week of $133,000,000 i n l o a n s and a d e c l i n e of $12,000,000 i n i n v e s t m e n t s . Borrowings' from Federal r e s e r v e banks i n c r e a s e d $39,000,000 and n e t demand d e p o s i t s $20,000,000, while Government d e p o s i t s d e c l i n e d $34,000,000. Loans on s e c u r i t i e s were $112,000,000 above the January 30 t o t a l a t a l l r e p o r t i n g banks* t h e p r i n c i p a l changes i n t h i s item by d i s t r i c t ' s b e i n g i n c r e a s e s of $63,000,000 i n the New York d i s t r i c t , $18,000,000 i n the Chicago d i s t r i c t , $15,000,000 i n the Cleveland d i s t r i c t , and $13,000,000 in the P h i l a d e l p h i a d i s t r i c t , and a d e c l i n e of $12,000,0(30 i n the Boston d i s t r i c t . "All o t h e r " loans i n c r e a s e d $22,000,000 a t r e p o r t i n g banks i n the New York d i s t r i c t and $21,000,000 a t a l l r e p o r t i n g banks. Holdings of U. S. Government s e c u r i t i e s i n c r e a s e d $2,000,000, while h o l d i n g s of o t h e r s e c u r i t i e s d e c l i n e d $11,000,000 in the New York d i s t r i c t and $14,000,000 a t a l l r e p o r t i n g banks. ' Net demand d e p o s i t s , which a t a l l r e p o r t i n g banks were $20,000,000 above the January 30 t o t a l , i n c r e a s e d $18,000,000 each i n the New York and Chicago d i s t r i c t s and $8,000,000 i n the P h i l a d e l p h i a d i s t r i c t , and d e c l i n e d $17,000,000 i n •the Cleveland d i s t r i c t . Time d e p o s i t s i n c r e a s e d $26,000,000 i n the Cleveland d i s t r i c t and d e c l i n e d $7,000,000 and $6,000,000, r e s p e c t i v e l y , i n the San F r a n c i s c o and New York d i s t r i c t s , and $2,000,000 a t a l l r e p o r t i n g banks. The p r i n c i p a l changes i n borrowings from Federal r e s e r v e banks f o r the week comprise i n c r e a s e s of $28,000,000 a t the Federal Reserve Bank of San F r a n c i s c o , * $15,000,000 a t Chicago, $8,000,000 a t Cleveland and $6,000,000 a t Kansas C i t y , ' and decreases of $16,000,000 a t the New York bank and $11,000,000 a t Boston* A sumiiiary of the 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 weekly r e p o r t i n g member banks, t o g e t h e r with changes d u r i n g the week and the year ending February 6 , 1929* follows: " ( i n m i l l i o n s of d o l l a r s ) Feb. 6 1929 Loans and investments - t o t a l 22,296 Loans - t o t a l 16,255 On s e c u r i t i e s All other Investments - t o t a l U. S. Government s e c u r i t i e s Other s e c u r i t i e s Reserve with F. R. Banks Cash in 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 Due from banks Due to banks Borrowings from F. R. Banks I n c r e a s e or decrease sine Jan.10.lQ2Q Feb.8.1928 + 121* + 963 + 133* 8,700 + 112* + 21* 6,o4l - 7,555 3,103 2,93S 1,751 237 13,415 6,891 50 1,154 3,006 619 4- +1,008 + + 12 — 2 + 8 - 14 — 7 + 20 2 921 86 " 45 93 137 22 14 240 34 4+ 265 + 33 + 142 •f 6 + + 39 *Jan* 30 f i g u r e s r e v i s e d . 7 345 280 r i CONDITION OF WEEKLY REPORTING IJEffiJa BiHKS I1J CENTRAL RESERVE CITIES (In m i l l i o n s of d o l l a r s ) Feb. 6 1929 J a n . 30 1929 Feb. 8 1928 7,227 7,143 6,869 _5,3& 5,234 4,985 2,857 2,464 *2,795 *2,439 2,537 2,44g 1,905 1,915 1,884 1,140 765 1,139 775 1,097 787 751 54 767 56 5,357 1,201 l4 5,334 1,200 23 5 >36 1,110 13 102 970 ll4 97 389 97 1,039 128 94 1,116 1,931 2,$21 1,091 1,853 2,615 1,171 1,554 1,110 5,669 5,081 588 5,559 4,967 592 3,835 Loans and i n v e s t m e n t s - t o t a l 2,0o6 2,049 1,948 Loans - t o t a l 1,613 1,601 1,446 889 724 880 721 803 643 453 44s 502 199 254 198 250 236 266 182 16 182 16 184 17 1,243 675 1 1,234 679 2 1,264 547 2 HEW YOBK Loans and i n v e s t m e n t s - t o t a l Loans - t o t a l t • \ r> • * On s e c u r i t i e s All other Investments - t o t a l U. S. Government s e c u r i t i e s Other s e c u r i t i e s Reserve with 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 Due from hanks Due to banks Borrowings from F. R. Bank t F e d e r a l Reserve Board, February 7, 1929. For i m o d i a t e r e l e a s e Loans on s e c u r i t i e s to b r o k e r s and d e a l e r s : For own account For 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 • 768 52 2,920 915 CHICAGO On s e c u r i t i e s All other Investments - t o t a l U« S. Government s e c u r i t i e s Other s e c u r i t i e s Reserve with F. R. Bank Cash in v a u l t Hot 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 Dae from banks Due to banks Borrowings from F. R. Bank C. 150 328 143 317 . 134 373 77 65 19 •Revised. ( S t . 5091a) For immediate r e l e a s e PRINCIPAL RESOURCES AMD LIABILITIES OF WEEKLY REPORTING- MEMBER BAMS IN EACH FEDERAL RESERVE DISTRICT ON FEBRUARY 6, I929 ( i n m i l l i o n s of d o l l a r s ) Federal Boston New York P h i l a . Cleve. Re se rve Rich. Districlt A t l a n t a Chicago St. Louis '.Minn. Kans.Cy. D a l l a s San Fran. Loans and i n v e s t m e n t s - t o t a l 22,296 1,^93 8,455 1,239 2,202 678 642 3,324 743 385 687 501 1.947 Loans - t o t a l 16,255 1.126 6,226 897 l f 506 519 506 ?. RfiQ RU? P5R UUQ ~r*ry 368 1,293 7,555 8,700 467 659 3,289 2,937 510 387 712 794 202 316 153 352 1,188 1,381 258 283 84 171 151 299 128 240 412 881 6,o4i 367 2,229 342 696, 159 137 755 201 131 237 134 654 3,103 2,93s 16-5 204 1,242 987 107 235 363 72 88 69 68 361 394 84 117 74 57 115 122 92 42 392 262 1,751 237 100 18 816 68 80 i4 131 28 42 11 4i 10 260 38 49 6 26 6 58 11 36 8 112 19 13,415 6,891 50 921 474 1 5,936 1,734 15 742 291 3 1,027 986 5 372 239 1 332 228 3 1,851 1,261 3 4i4 24o l 214 l4o 513 175 1 143 5 780 979 13 1,15% 3,006 43 118 149 1,027 60 174 102 220 54 108 82 121 218 467 57 153 48 86 121 227 67 li4 145 190 619 38 154 37 66 20 36 121 26 10 19 20 72 On s e c u r i t i e s All other Investments - t o t a l IL 5„ Govt, s e c u r i t i e s Other s e c u r i t i e s Reserve with 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 Due from "banks Due to "banks Borrowings from F. R. Bank .
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