Full text of H.4.2 Weekly Consolidated Condition Report of Large Commercial Banks in the United States : February 14, 1927

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STATEMENT FOR THE PRESS
or immediate r e l e a s e

st. 5269
F e d e r a l R e s e r v e Board,
F e b r u a r y l 4 , 1927.

CONDITION OF MEMBER BANKS 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 s t a t e m e n t of 679 r e p o r t i n g member b a n k s
i n l e a d i n g c i t i e s a s of F e b r u a r y 9 , 1927, shows a d e c r e a s e of $ 8 0 , 0 0 0 , 0 0 0 J - n l o a n s
and d i s c o u n t s and of $ 1 1 5 , 0 0 0 , 0 0 0 i n n e t demand d e 0 0 s i t s , an i n c r e a s e of $10,000,000
i n i n v e s t m e n t s , and $3.6,000,000 i n t i m e d e p o s i t s . Member b a n k s i n New York C i t y
r e p o r t e d a d e c r e a s e of $ 9 3 , 0 0 0 , 0 0 0 i n l o a n s and d i s c o u n t s . $ 5 , 0 0 0 , 0 0 0 i n i n v e s t m e n t s :
ad $ 1 0 2 , 0 0 0 , 0 0 0 i n n e t demand d e p o s i t s , a n d / $ ^ 6 , 6 t i u , 0 0 0 i n b o r r o w i n g s f r o m t h e
ederal reserve bank.
Loans on s t o c k s and b o n d s , i n c l u d i n g U n i t e d S t a t e s Government o b l i g a t i o n s ,
'•ere $ 8 6 , 0 0 0 , 0 0 0 below t h e t o t a l r e p o r t e d a week a g o , t h e l a r g e r d e c l i n e of
9 2 , 0 0 0 , 0 0 0 r e p o r t e d f o r member banks i n t h e New York d i s t r i c t b e i n g o f f s e t by
s,mailer i n c r e a s e s i n some of t h e o t h e r d i s t r i c t s .
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 c r e a s e d $ 6 , 0 0 0 , 0 0 0 , t h e p r i n c i p a l i n c r e a s e s b e i n g i n t h e D a l l a s and Richmond
districts.
T o t a l l o a n s t o b r o k e r s and d e a l e r s s e c u r e d b y s t o c k s and b o n d s made by
r e p o r t i n g member b a n k s i n New York C i t y were $ 1 0 , 0 0 0 , 0 0 0 below t h e p r e v i o u s w e e k ' s
f i g u r e s , l o a n s f o r t h e i r own a c c o u n t h a v i n g d e c l i n e d $ 7 8 , 0 0 0 , 0 0 0 , w h i l e l o a n s f o r
0 i t - o f - t o w n b a n k s and f o r o t h e r s i n c r e a s e d $ 3 1 , 0 0 0 , 0 0 0 , and $ 3 7 , 0 0 0 , 0 0 0 , r e s p e c t i v e l y . H o l d i n g s of U. S. Government s e c u r i t i e s i n c r e a s e d $ 7 , 0 0 0 , 0 0 0 , and of o t h e r
• onds and s t o c k s $ 3 , 0 0 0 , 0 0 0 .
Net demand d e 0 0 s i t s d e c l i n e d $ 1 1 1 , 0 0 0 , 0 0 0 a t member b a n k s ^in t h e Now York d i s t r i c t and $ 1 1 5 , 0 0 0 , 0 0 0 a t a l l r e p o r t i n g b a n k s . An i n c r e a s e of $ 1 0 , 0 0 0 , 0 0 0 was r e p o r t e d by member b a n k s i n t h e San F r a n c i s c o d i s t r i c t and of $ 8 , 0 0 0 , 0 0 0 by b a n k s i n
t h e D a l l a s d i s t r i c t , a s compared w i t h d e c r e a s e s of $ 1 0 , 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 , i n t h e B o s t o n a n d Chicago d i s t r i c t s .
Time d e p o s i t s i n c r e a s e d to
>15,000,000, t h e p r i n c i p a l i n c r e a s e s b e i n g r e p o r t e d f o r b a n k s i n t h e New Yoric,
Richmond, and D a l l a s d i s t r i c t s , w h i l e C-overnment d e p o s i t s d e c l i n e d *18 , 0 0 0 , 0 0 0 ,
s m a l l e r f i g u r e s b e i n g r e p o r t e d by member b a n k s i n a; 1 d i s t r i c t s .
Borrowings from the F e d e r a l r e s e r v e banks remained p r a c t i c a l l y unchanged from
t h e t o t a l of * 2 2 3 , 0 0 0 , 0 0 0 r e p o r t e d a week a g o , an i n c r e a s e of $ 2 3 , 0 0 0 , 0 0 0 r e p o r t e d
f o r member b a n k s i n New York d i s t r i c t b e i n g o f f s e t by s m a l l e r b o r r o w i n g s r e p o r t e d
by member b a n k s i n o t h e r d i s t r i c t s , p a r t i c u l a r l y i n t h e Chicago d i s t r i c t .
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 o i l i t i o s of r e p o r t i n g
members d u r i n g t h e wooic and t h e y e a r e n d i n g Fu o r u a r y 9 > 1 9 ^ 7 , f o l l o w s .
Increase

or

decrease

Week

during

Year

Loans and d i s c o u n t s , t o t a l
Secured by U . S . G o v t , o b l i g a t i o n s . . . .
Secured by s t o c k s and b o n d s
All other

- $80,000,000
2,000,000
- 84,000,000
+
6,000,000

+ $142,000,000
19,000,000
76,000,000
+ 237,000,000

Investments, t o t a l
U. S. s e c u r i t i e s
Other b o n d s , s t o c k s and s e c u r i t i e s . . .

+
+
+

+
+

Reserve b a l a n c e s w i t h F. R. Banks
Cash i n v a u l t

— l6,000,uCO
13,000,000

—
-

27,000,000
27,000,000

- 115,000,000
+ 1 6 , 0 0 0 , 00
- 18,000,000

+
-

216,000,000
48 j , 0 0 0 , 0 0 0
103,000,000

+

-

134,000,000

. . . .

Net demand d e p o s i t s
Time d e p o s i t s
Government „ e p o s i t s
T o t a l b o r r o w i n g s f r o m F. R. Banks
C.



. . . .

10,000,000
7,000,000
3,000,000

1.000,000

80,000,000
198,000,000
278,000,000

ir'a.x i z, L' i x jtiJj

LIABILITIES G.: HEPOF.r-IIv'3( i n t h o u s a n d s of d o l l a r s

3J-U«:

A l l r e p o r t i n g member banks
Feb. 9
1927

679

Number of r e p o r t i n g banks
Loans and d i s c o u n t s :
Secured by U.S. Government o b l i g a t i o n s Secured by s t o c k s & bonds - - - - - - - A l l o t h e r l o a n s and d i s c o u n t s - - - - - Total loans and d i s c o u n t s - - - - - Investments:
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 - Total investments — — — —
T o t a l l o a n 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. 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 f r o m banks - Due t o banks T - -

Feb. 2
1927

679

146,529

i4s,s44

2,351,123
3,21S,633
5,569,756
19,717,861
1,636,551
271,216
12,856,929

2,344,186
3,215,435
5,559,621
19,787,818
1,652,129
258,507
12,972,100

Feb. 10
1926

716'
165,165

Iff LEADIUG 1ITIES

For immediate r e l e a s e

st.5269z

R e p o r t i n g membor banks
i n Hew York C i t y
Feb. 9
Feb. 2
Feb. 10
1927
1927
1926
r4
61
54

54,610

56,136

R e p o r t i n g member b a n k s
i n Chicago
Feb. 9
Feb. 2
Feb. 10
1927
1927
_12f)26
45
46
45

53,725

12,292

16,734

—

5,893,331
101,787

1,158,370

3,295,483

5,877,458
119,734

1,229,464

*3,343,189

2,549,225 854,603 854,353 933,195
152,686
157,464
175,129
2,940,485 895,49s 900,454 823,34s
213,496
219,684
199,295
5,439,710 1 , 7 5 0 , 1 0 1 1 , 7 5 4 , 8 0 7 1,761,5^3
371,152
377,143
374,424
19,495,904 6,171,945 6,270,217 6,227,989 j l , 7 3 3 , 1 5 2 1 , 7 4 7 , 6 4 5 1 , 7 0 4 , 0 2 1
1,663,50s 686,106 667,348 709,104 ! 166,151 161,714
162,691
293,445
60,467
57,052
78,674 j
20,574
19,247
21,272
13,072,587 4,929,816 5,031,796 5,105,980 i l , 1 8 2 , 1 1 1 1,187,493 1,162,630
5,4O6,I6I
927,171
925,637 301,509 I 530,839 5 2 5 / M
5H,96I
204,283

23,791

33,518

49,995 |

29,371
96,690
93,013
1,046,837 1,100,362 1,083,477

:
i

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 135,254
228,4/8
127,436
4o,6oo
56,300
111,022
All other - - - - - - - - - - - - - - - 88,136
95,337
129,392.1
3,94o
17,690
lldl?
T o t a l b o r r o w i n g s from F. R. Banks
223,390
222,773
357,877)
70,232
44, 5U0
128,712 j
Loans t o b r o k e r s and d e a l e r s ( s e c u r e d by s t o c k s and bonds) made by r e p o r t i n g
member banks i n New York C i t y : — For own a c c o u n t
. . . .
307,571 885,1231,199,307
For a c c o u n t of o u t - o f - t o w n banks
. . . . 1,154,3741,123,7801,340,433
For account of o t h e r s
597,848
. . . .
758,133
721,093
Total
2,720,573 2,730,001 3,137,588
On demand
2 , 0 4 7 , 5 9 8 2,050,3?R 2 , 1 7 1 , 3 5 2
0n
time
672,930
679,676 966,236



' 12,955

5 >515,462 5,507,572 1,895,178 1,988,161 2,178,785
661,203 663,878
616,151
8,570,390 2,563,891 8,333,451 2,472,056 2,471,113 2,233,936
633,475 6 9 3 , 6 6 4
696,662
l4,i4s,i05 14,228,197 14,006,194 4 , 4 2 1 , 8 4 4 4 , 5 1 5 , 4 1 0 4 , 4 6 6 , 4 4 6 1 , 3 6 1 , 9 7 0 1 , 3 7 0 , 4 9 7 1 , 3 2 9 , 5 9 7
5,431,18-6

4,475

5,644

12,947

130,713
363,637

i4i,6ii
374,643

i4O,OS7
374,458

3,513
5,691

12,878

12,39s

2,946
15,224

•Revised f i g u r e s .

8,4oi

21,299

For immediate r e l e a s e
S t . 5269b
PRINCIPAL RESOURCES AND LIABILITIES. OF ALL REPORTING- MEMBER BANKS III EACH FEDERAL RESERVE DISTRICT AS AT CLOSE OF BUSINESS, FEBRUARY 9 , 1 9 2 ?
( i n t h o u s a n d s of d o l l a r s )
;
Federal Reserve D i s t r i c t
B o s t o n New York
Phila.
Cleve.
Rich. A t l a n t a
Chicago S t . L o u i s Minn. Kans.Cy. D a l l a s San F r a n .
Total
Number of r e p o r t i n g t a n k s
37
92
50
73
67
35
97
31
24
66
45
62
679
Loans and d i s c o u n t s , g r o s s :
S e c u r e d by U . S . G o v t , o b i i g .
7,426
57,375
10,997
21,035
5.165
5,386
18,516
4,782
3,328
4,265
2,120
5,634
146,52Q
S e c u r e d by s t o c k s & bonds
339,584 2,201,053 413,471
560,480 1 5 0 , 6 1 1 1 0 9 , 5 6 8
8 7 6 , 0 2 4 188,927 8 0 , 0 1 3 1 1 6 , 3 8 0 7 6 , 8 9 4
318,181 5,431,186
i l l other loans & discounts
6 4 3 , 1 5 3 2 , 8 1 1 , 2 3 5 376,730
773,453 364,898 3 8 7 , 6 9 2 1 , 2 4 8 , 0 2 5 1 1 0 . 1 8 5 1 5 6 , 6 5 4 2 9 9 , 3 9 1 247,570
951,UoU 8 , 5 7 0 , 3 9 0
T o t a l l o a n s and d i s c o u n t s

990,153 5,069,663

8 0 1 , 1 9 8 1 , 3 5 4 , 9 6 8 520,674 5 0 3 , 1 4 6 2 , 1 4 2 , 5 6 5 5 0 3 , 8 9 4 239,995 ^ 2 0 , 0 3 6 3 2 6 , 5 8 4 1 , 2 7 5 , 2 1 9 1 4 , 1 4 8 , 1 0 5

Investments:
U . S . Government s e c u r i t i e s
Other bonds, stocks & secnr.

135,1^0
946,262
252,64? 1,216,721

88,327
251,952
276,481 ] 563.»?57

50,322
22,780

241,555
234,711

2,351,123
3 * 212,633

743,035 188,749 1 1 5 , 9 5 1 1 9 7 , 5 3 6 7 3 , 1 0 2
T o t a l l o a n s and i n v e s t m e n t s 1 ,-377,950 7 , 2 3 2 , 6 4 6 1,166,006 1 , 9 8 0 , 1 7 7 658,292 5 9 9 , 8 5 8 2 , 8 8 5 , 6 0 0 6 9 2 , 6 4 3 3 5 5 , 9 4 6 6 1 7 , 5 7 2 399,686
R e s e r v e b a l a n c e s w i t h F.R.Bk.
131,308 39,374 33,370
235,495 4 7 , 4 8 2 24,689 5 1 , 5 9 9 3 0 , 8 5 0
748,398
81,307
97,005
44,4il
5 , 7 5 6 1 2 , 8 8 6 10,539
Cash i n v a u l t
3 1 , 2 0 2 13,686 1 0 , 9 0 4
16,165
19,628
7,588
75,304

476,266

5,569,756

Total investments

387,787 2 , 1 6 2 , 9 8 3

364,808

67,658
^9,9&0

625,209 137,618

38,299
^8,Ul3

284,104 69,603
4 ^ 8 , 9 3 1 119,lH6

65,656 102,245
95*291

96,712

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

906,814 5,496,944
422,068 1 , 3 8 3 , 8 3 7
10,096
31,111

773,820 1 , 0 2 3 , 6 2 2 334,988 3 3 9 , 3 1 7 1 , 7 5 2 , 5 1 7 407,016 2 1 4 , 3 1 4 4 9 3 , 9 0 8 273,529
248,000
8 3 0 , 2 8 5 219,122 2 2 7 , 9 6 5 1 , 0 6 2 , 9 3 8 231,858 1 2 2 , 7 3 1 1 4 7 , 1 5 3 1 0 9 , 3 8 1
1,447
3,3n
9,442
2,763
6,724
533
3,024
8,314
14,760

Due f r o m b a n k s
Due t o b a n k s

48,450
125,601
143,265 1,108,110

60,376
174,473

375
10,009

61,4l0
14,726

5,760
3,305

19,441
14,181

3,804
5,944

6
8,973

23,288
19,308

2,090
659

35
1,023

10,384

76,136

9,065

33,622

9,748

8,979

42,596

2,749

1,053

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 .
„ Ml other
Total borrowings from
F. R. Bank

c.
r



9 7 , 2 7 3 56,443 7 8 , 2 9 0
257,908 115,615 1 2 6 . 6 4 1

209,589 6 9 , 3 9 3
506,967 152,568

,751,485 19,717,861
110,674
23,147

1,636,551
271,216

785,140 1 2 , 8 5 6 , 9 2 9
887,984 5,893,331
10,262
101,787

4 3 , 0 0 6 1 3 4 , 6 9 3 94,548
9 3 , 9 8 4 231,651 119,591

140,698
264,710

1,153,370
3,295,483

1,407
1,125

120
898

17,513
7,985

135,254
88,136

2,532

1,018

25,503

223,390