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. StiiSMsrr f o r the p r e s s •-'V For immediate r e l e a s e s t . 5677 F e d e r a l Reserve Board„ February 13, 1928 CONDITION OF ICSKB1© BJ'JTKS 131 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 6U9 r e p o r t i n g member banks in l e a d i n g e i t i e s as of Fe&ryary 8 shows d e c r e a s e s f o r the week of $61,000,000 in loans and d i s c o u n t s , of $22,000,000 in investments, of $200,000,000 in n e t demand d e p o s i t s , and of $33,000,000 in Government d e p o s i t s , and i n c r e a s e s Of $42,000,00.0 in borrowings from the Federal r e s e r v e tanks and of $28,000,000 in time 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 U. S. Government o b l i g a t i o n s , were $130,000,000 below the February 1 t o t a l a t a l l r e p o r t i n g banks, a r e d u c t i o n of | l 5 9 . 0 0 0 , 0 0 0 in the New York d i s t r i c t being p a r t l y o f f s e t by i n c r e a s e s | l l , 0 0 0 , 0 0 0 in the Cleveland d i s t r i c t , $7,000,000 in the Kansas C i t y d i s t r i c t and $6,000,000 in the Boston d i s t r i c t . "All o t h e r " loans and d i s c o u n t s i n c r e a s e d $48,000,000 in the New York d i s t r i c t , $10,000,000 in the Cleveland d i s t r i c t , $7,000,000 in the P h i l a d e l p h i a d i s t r i c t , and $69,000,000 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 were $13,000,000 and of o t h e r bonds, stocks and s e c u r i t i e s $10,000,000 below the amounts r e p o r t e d a week ago, the p r i n c i p a l change in the l a t t e r item being a d e c l i n e of $10,000,000 r e p o r t e d by member banks in the New York d i s t r i c t . » Net demand d e p o s i t s , which were $200,000,000 below the p r e c e d i n g week's t o t a l , d e c l i n e d $167,000,000 in the New York d i s t r i c t , $23,000,000 in the Chicago d i s t r i c t , $$9,000,000 in the Boston d i s t r i c t , and $9,000,000 i n the Cleveland d i s t r i c t , and i n c r e a s e d $12,000,000 in the Kansas City 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 $15,000,000 and $10,000,000, r e s p e c t i v e l y , in the New York and Cleveland d i s t r i c t s , and $28,000,000 a t a l l r e p o r t i n g banks. Borrowings from the F e d e r a l r e s e r v e t a n k s were $42,000,000 h i g h e r than on February 1, the p r i n c i p a l i n c r e a s e s "being $13,000,000 in the Boston d i s t r i c t , and $11,000,000 each in the New York, P h i l a d e l p h i a , and Chicago d i s t r i c t s . A summary 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 649 r e p o r t i n g member "banks, t o g e t h e r with changes during the week and the year ending February 8, 1928, follows: ( i n thousands of d o l l a r s ) Loans and investments - t o t a l Joans 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 stocks and bonds All o t h e r loans and d i s c o u n t s Feb. 8 1928 21,705,^65 15,163,812 145,260 6,401,108 I n c r e a s e or decrease during Week * Year +1,828,410 83,282 - + - 8,617,444 + Investments - t o t e l U. S. Government s e c u r i t i e s Other bonds, s t o c k s and s e c u r i t i e s 6,541,653 _ Reserve with F. R. banks Cash in v a u l t 1,779,066 — 251,029 + 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 Secured by U. S. Govt, o b l i g a t i o n s All o t h e r W. 2,992,217 3,543>36 13,675,023 6,666,4io 42,790 1,152,592 3,586,396 339,340 234,292 105,048 - - — + - - + 4- + 61,197 + 6,864 137,289 + 69,228 + 22,085 12,538 9,5^7 + + + 919,407 2,155 + 142,515 11,794 - - 969,003 1,549 866,097 104,455 624,595 294,812 20,539 199,991 27,518 33,3^6 + + 70,291 + + 21,085 303,811 42,442 7,005 35, *+37 + + 115,950 99,038 16,912 I7i,44i - 4* 794,513 715,12b 58,997 ^February 1 f i g u r e s r e v i s e d by excluding amounts r e p o r t e d by a San Francisco - member bank which withdraw from the system on February 4, 1928. Federal Reserve Board, February 9. 192o. For immediate r e l e a s e CONDITION OF WEEKLY R^ORTING' BANKS IN CENTRAL RESERVE CITIES (In thousands of d o l l a r s ) NEW YORK - 49 BANKS Loans and investments - t o t a l Feb. g Feb. 1 *eb. 9 1923 1923 1927 7,102,00^ 7,222,0^3 6,171,945 Loans and discounts - t o t a l 5.112.219 Secured "by Ij. S. Government o b l i g a t i o n s Secured by stocks and bonds All other loans and discounts Investments - t o t a l 63,60s 60,255 54,610 2,450,611 2,612,346 1,960,332 2,593,000 2,546,802 2,406,902 U. S. Government s e c u r i t i e s Other bonds, stocks and s e c u r i t i e s lie serve with F. R. Bank Cash i n vault 767,719 52,439 2,002,640 1,750,101 1,093,405 354,603 904,235 395,493 773,017 43,463 636,106 6o,467 Net demand d e p o s i t s Time deposits Government d e p o s i t s 5,436,040 1,109,941 13,051 5,607,377 4,929,316 1,097,260 927,171 23,213 23,791 Due from banks Due to banks 96,955 1,272,469 110,746 39,371 1,435,240 1,046,337 Borrowings from F. R. Bank - t o t a l 94.003 74,75s Secured by U.S.Government obligations All other Loans to brokers and d e a l e r s (secured by stocks and bonds): For own account For account of out-of-town banks For account of others 77,700 16,30s 69,200 Total On demand On time Q 1.939.739 1,096,615 393,174 5,219,403 4,421,344 CHICAGO - 43 BANKS Loans and- investments - t o t a l Loans and discounts - t o t a l Secured by U.S.Government obligations Secured by stocks and bonds All other loans and discounts Investments - t o t a l U.S. Government s e c u r i t i e s Other bonds, stocks and s e c u r i t i e s Reserve with F. it. Bank Cash i n v a u l t Net demand d e p o s i t s Time deposits Government d e p o s i t s Due from banks Due t o banks Borrowings from. F. R. Bank - t o t a l Secured by U.S. Government o b l i g a t i o n s All other 5,553 70,232 56,300 13,932 1,171,430 1,553,792 1,109,743 1,267,004 307,571 1,496,999 1,154,374 1,051,217 758,133 3,535,020 3,315,320 2,720,573 2,920,099 2,914,263 2,047,598 914,921 901,557 672,930 1.958.745 1,970,408 1,332,346 1,450,294 1,459,454 1,408,674 14,084 14,203 12,572 743,974 747,234 699,374 692,236 698,012 696,22s 510,954 423,673 503.451 237,527 175,185 236,157 248,487 273,427 272,294 166,151 139,013 134,236 20,936 17,129 17,392 1,263,813 1,237,319 1,205,692 646,761 2,108 648,251 3,739 588,792 4,475 134,259 372,735 142,363 374,369 132,997 361,804 13.650 10,576 9,204 10,650 7,835 3,513 3,000 2,741 ( S t . 5677a) 5,691 For immediate r e l o a s e PRINCIPAL RESOURCES AH) LIABILITIES OF ALL REPORTING MEimER BASKS IN EACH FED-SEAL RESERVE DISTRICT AS AT CLOSE (in thousands of d o l l a r s ) Federal Reserve D i s t r i c t Total Boston York Hiila. Cleve. Rich. A t l a n t a Chicago i t . W , Loans & i n v e s t m e n t s - t o t a l 21,705,465 1 ,529,169 8,277,067 1,227,29k 2,137,317 691.51s 616.397 3,131.158 758.265 . : ——^ , I 1 Lorns and d i s c o u n t s - t o t a l 15,163,812 1 ,050,466 5,839,188 796,585 1,>>23,715 51t.Uos 492.377 2.227.1,20 520.387 Secured by US Govt o t l i g . l1+5,260 ^ 4 , 9 8 5 . J J7}0 ',22?011. , 8 8. 1, 166 82 115,913 5,913 33,045 ,045 55.297 ,297 119.755 9.755 44„l4? ,142 Secured by stocks & bonds 6,401,108 397,471 2,826,54s 441,075 641,657 160,447 120,665 962,657 210,035 All other loans & d i s c t s 8,617,444 656,010 2,942,439 347,342 Investments - t o t o . l 470,703 2,437,879 430,709 U. S. Govt, s e c u r i t i e s 2,998,217 Othor bonds, sties, s e c u r , 3, 543,436 714,602 177.113 124,020 174,371 1,193.1^5 296,332 1,244,734 123,311 307,398 317,77b 396,826 73,610 98,503 58,937 65.023 20/473 127,942 43,438 29,952 12,661 4i,6s6 11.147 Fet 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 b"nks Borrowings from FR B k - t o t a l Secured by US Govt o b l i g . A l l other Number of r e p o r t i n g banks W. 5677b OF BUSINESS, FEBRUARY 8, 1928 Minn. Kans.Cy. Dalles San Fran. JU_L, ay / 657,680 / , OOU 444,452 1,871,254 381,897 pHq.SO? I n s *%* 342,916 1.263.719 ?2.331 7 770 3,332 3,489 79,704 134,301 91,948 765,145 350,910 366,415 1,245,008 306,210 167,767 298,202 247,479 6,541,653 Reserve with F.R. Bnnk Cash in v a u l t st. 1.779,066 251,059 101,252 19,741 236,355 66,905 57.326 805,331 963,664 4,672 14,334 1.152.592 3,586,396 51,823 i4o,620 162,537 1 , 3 4 0 , 5 5 8 171.312 52,393 101,635 55.739 77.777 27D,195 122,759 133,969 9.340 105,048 25,907 774,858 l,0b5,327 384,513 923 1,342,923 431,432 431,432 2 2 2 , 7 1 s 5 0 5 , 5 6 6 314,087 1 913,213 243,547 240,750 1,207,585 246,44o ' ,r 138,265 164,586 117,671 4,329 1,497 2,327 3' , 6 5 6 799 367 922 2,370 2OQ7 9 7 , 9Q07 27 3,720 4i,6i2 214,574 19.939 10,533 4,022 3,652 13,020 59,533 163,672 16,672 35,224 17,798 49,902 7,271 270,896 118,375 20,326 945,721 6,037.569 437,873 1,639,534 234,292 260,913 338,639 35,447 9,250 14,130 13,675,023 6,666,4io 42,790 3.747 903,733 217,878 132,095 221,845 101,536 333,606 33,644 69,3^0 105,096 71.742 134,234 62,755 116,749 29,794 23,200 10,560 11,397 4,865 7,032 30 5.588 12,006 5i,6o4 125,363 61,721 98,819 239,606 120,575 635 635 24 7,295 1,691 159,710 230,030 2.145 1,018 675 50.078 45,262 4,816 65 45 ' 56 5,150
@FedFRASER