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STATS! 2HT FOE THE KffiSS St. 5637 Feate r a l Eese rve B oat d, February 20, 1J28. For imaediat.3 r e l e a s e C0MDITI0H OF M3MB3B BASKS IN L5ADIITG CITIES The i e d e r a l He serve B o a r d ' s c o n d i t i o n statement of 649 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 a s of February 15 shows d e c r e a s e s f o r the week of $33,000,000 i n l o a n s and d i s c o u n t s , of $5,000,000 i n i n v e s t m e n t s , and of $S,000,000 i n time dep o s i t s , and i n c r e a s e s of $42,000,000 i n n e t demand d e p o s i t s and of $21,000,000 i n borrowings f r o m t h e F e d e r a l r e s e r v e banks. 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 $64,000,000 below t h e February 8 t o t a l a t a l l r e p o r t i n g b a n k s , the p r i n c i p a l changes by d i s t r i c t s b e i n g d e c l i n e s of $36,000,000 i n the Hew York d i s t r i c t , . $15,000,000 i n the Boston d i s t r i c t , $12,000,000 i n t h e Chicago d i s t r i c t , and $10,000,000 i n the P h i l a d e l p h i a d i s t r i c t , and an i n c r e a s e of $6,000,000 i n the San F r a n c i s c o d i s t r i c t . "All o t h o 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 $16,000,000 and $10,000,000, r e s p e c t i v e l y , i n the New York and Chicago d i s t r i c t s and $31,000,000 a t a l l r e p o r t i n g b a n k s , and d e c l i n e d $6,000,000 i n t h e S t . Louis d i s trict. Holdings of United S t a t e s Government o b l i g a t i o n s were $12,000,000 below and pf o t h e r bonds, s t o c k s and s e c u r i t i e s $6,000,000 above the amounts r e p o r t e d a week ago, t h e p r i n c i p a l changes i n U n i t e d S t a t e s Government s e c u r i t y h o l d i n g s b e i n g a d e c l i n e of $10,000,000 i n t h e item York ' d i s t r i c t and an i n c r e a s e of $6,000,000 i n t h e San F r a n c i s c o d i s t r i c t . iJet demand d e p o s i t s , which were $42,000,000 above the p r e c e d i n g w e e k ' s t o t a l , i n c r e a s e d $28,000,000 i n the San F r a n c i s c o d i s t r i c t , $20,000,000 i n the Chicago d i s t r i c t , and $7,000,000 i n the A t l a n t a d i s t r i c t , and d e c l i n e d $16,000,000 i n t h e P h i l a d e l p h i a d i s t r i c t . A r e d u c t i o n of $17,000,000 i n time d e p o s i t s r e p o r t e d by member banks i n t h e Mew York d i s t r i c t and smaller d e c l i n e s i n o t h e r d i s t r i c t s wore l a r g e l y o f f s e t by i n c r e a s e s of $$,000,000 i n the San F r a n c i s c o d i s t r i c t and of $6,000,000 i n the Cleveland d i s t r i c t . Borrowings from t h e F e d e r a l r e s e r v e banks vrere $21,000,000 h i g h e r t h a n on February 8 , the p r i n c i p a l i n c r e a s e s b e i n g $27,000,000 and $13,000,000, r e s p e c t i v e l y , i n t h e Hew. York and P h i l a d e l p h i a d i s t r i c t s , and t h e p r i n c i p a l d e c l i n e $14,000,000 i n the Boston d i s t r i c t . 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 b a n k s , t o g e t h e r with changes during t h e week and t h e y e a r ending February 15, 1928, follows: f ( i n thousands of d o l l a r s ) Feb. 15 I n c r e a s e or d e c r e a s e d u r i n g Wock Year 1928 Loans and i n v e s t m e n t s - t o t a l 21 ,Sb&. 'i06 - 39,359 4- 1 , 8 4 1 , 8 7 2 Loans and d i s c o u n t s - t o t a l + 15,130,631 - 33,181 961,570 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 Investments - t o t a 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 Reserve w i t h F. E. banks Cash i n 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 Due from banks Due t o banks 132 : 240 6,349,801 3,648,590 6,535,475 2,985,911 3,549,564 1,762,104 254,520 13,716,884 6,660,539 Borrowings from F. S . Banks - t o t a l 34,770 1,247,409 3,633,213 36o,4i8 Secured by U.S. Govt, o b l i g a t i o n s All other 103,299 — - + - — + — + + - - 13,020 51,307 31,146 6.173 — + 12,692 819,643 154,619 380,302 12,306 4- 599,700 6,128 16,962 3,431 4i,s6i 5,321 8,020 + + + + - + + - + 94,817 46,817 + + + 21,078 + - 22,827 1,749 + + + 257,119 280,602 60,666 116 756,333 700,590 67,020 50,914 295,747 117,989 91,104 26,885 ' F e d e r a l Reserve Board, February l 6 , 1928. For immediate r e l e a s e CONDITIOUT OF ISEEKLY REPORTING M2MBIR BANES IN CENTRAL RESERVE CITIES I n thousands of d o l l a r s ) MEW YORK - 4q BANKS Loans and i n v e s t m e n t s - t o t a l Loans and d i s c o u n t s - t o t a l Secured oy U.S.Government o b l i g a t i o n s Secured b y ' 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 Investments - t o t a l U. S. Other Reserve Cash i n Government s e c u r i t i e s bonds, s t o c k s and s e c u r i t i e s with F. R. Bank vault 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 Feb. 15 1922 7,o6q,6i4 Feb. 8 1928 Feb. 16 1927 7,102,008 6,151,541 5 . 0 8 9 . 7 1 1 5,112,219 4,405,315 68,60S 52,476 51,964 2,427,913 2 , 4 5 0 , 6 1 1 1,973,199 2,609,854 2,593,000 2,379,640 1 , 9 7 9 , 9 0 1 1,989,789 1,746,226 1,087,322 1,096,615 892,5-31 750,931 52,691 855,525 390,701 893,174 767,719 715,936 56,182 52,489 5 , 4 2 1 , 7 7 5 5,436,o4O 4,920,464 I,095,H7 I,109,94I 934,590 .13,051 28,791 10,5o7 Due from banks Due t o banks 96,955 99,769 1,272,469 1,108,408 1,309,520 106,896 Borrowings f r o m 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 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 b o n d 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 CHICAGO - 43 122.821 94,008 70,900 95,150 27,673 16,308 77,700 61,900 9,000 1 , 1 5 1 , 8 1 2 1,171,480 815,422 1 , 5 3 1 , 3 5 7 1,553 , 79 2 1 , 1 2 3 , 0 % 1.116.216 1,109,748 730,166 i.siq.igR 3,835,020 2,718,634 2,897,731 2,920,099 2,069,796 921,604 914,921 648,838 BANKS Loans and i n v e s t m e n t s - t o t a l 1 . 9 5 2 , 7 4 0 1 , 9 5 8 , 7 4 5 1,830,797 Loans and d i s c o u n t s - t o t a l 1,443,861 1,450,294 1,401,786 14,084 15,650 12,472 731,736 743,974 697,227 696,475 692,236 692,087 Secured by U.S.Government 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 l o a n s and d i s c o u n t s Investments - t o t a 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 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 b a n k s 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 othor C. 503.87q 508,451 429,011 234,249 274,630 236,157 272,294 174,639 254,372 184,286 179,120 184,788 17,39 2 20,172 13,307 1 , 2 7 1 , 1 5 0 1 , 2 6 3 , 8 1 3 1,211,221 646,761 536,580 644,992 2,108 4,475 1,704 166,980 134,259 151,175 367,252 372,735 333,331 11.158 7,255 3,903 18,650 10,650 8,000 (St. 5687a) 21,234 15,433 5,796 For immediate r e l e a s e St. 5627b PRINCIPAL RESOURCES AHD LIABILITIES OF ALL REPORTING MEMBER BA2IKS IN EACH FEDERAL RESERVE DISTRICT A3 AT CLOSE QF BUSINESS,FEBRUARY 15,1923. ( i n thousands of d o l l a r s ) .federal Reserve D i s t r i c t Total Boston New York Phila, Cleve. Rich. A t l a n t a Chicago S t . L o u i s Minn.Sans.Cy. Dallas San F r a n . Loans & i n v e s t m e n t s - t o t a l 21,666,106 1,514.943 8,245,325 1,215,178 2,141.291 690.030 615,725 3,131,728 735,825 381.796 Loans and d i s c o u n t s - t o t a l 15.130,631 1.046,881 5,817.972 Secured "by us Govt o b i i g . 132,243 Secured by s t o c k s & bonds 6,349,801 A l l other l o a n s & d i g c t s 8,648,590 5,397 21,876 4,307 120,461 949,053 209,519 353,i4o 369,352.1,254,817 300,688 7,900 431,022 347,308 17,055 644,191 6,535,475 468,062 2,427,353 428,948 7l6,66o 174,559 120,515 U.S.Govt, s e c u r i t i e s 2,985,911 Other b o n d s , s t k s . & s e c u r . 3 , 5 4 9 , 5 6 4 169,955 1.183,275 298,107 1.244,078 121,845 307,103 320,845 395,815 817,333 66,125 81,483 14,460 125,433 28,794 13,716,834 6,660,589 34.770 949,959 6,031,864 488,543 1,622,949 11,647 3.034 758,892 294,687 3,0l6 1,067,338 380,873 924,117 246,687 3,499 1,207 1,247,409 150,692 55,764 159,671 1,377,808 56,889 177,215 102,866 54,547 273,025 116,133 Reserve n i t h 7.R. Bank Cash i n v a u l t £et dema.nd 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 1,762,104 254,520 Due from banks Due to banks 3.633.213 99,938 18,924 1,890,527 786.250 1,424.651 515.471 495.210 2.225.746 5 l 4 . 5 l 4 24-8.254 458,666 344,p43 1 , 2 7 3 , 0 5 3 5,192 53,737 382,934 2,806,201 658,755 2,958,034 Investments - t o t a l 659.594 446,3% 763,385 3,063 159,268 2,359 3,36s 8 0 , 0 l 6 136,010 165,859 299,288 3,491 90,480 4,495 340,646 250,072 927,892 905,082 219,309 133,562 220,928 102,303 617,294 55,403 382,616 83.790 523,366 135,519 70,283 105,162 63,279 115,766 72,962 29,341 344,619 99,403 65,112 43,137 11,784 40,520 10,886 263,821 43,757 25,232 56.117 36,829 5,761 l l , 4 6 o 9,380 121,273 21,231 351,807 1,862,589 429,215 226,881 506,937 317,055 239,375 1,205,426 246,485 137,575 164,573 117,877 1,862 3,106 648 296 1,920 749 833,474 972,295 3,786 256,289 61,001 53,587 130,806 70*129 541,213 157,059 103,446 238,478 124,457 174,280 75,156 80,559 132,102 50,983 6,958 272,675 232,606 Borrowings from FR B k - t o t a l 360,4l8 20,871 129,683 38,724 37,304 15,499 14,270 31,628 I5,to9 1,500 5,541 2,606 47,383 Secured by US Govt o b l i g . All other 257,119 103,299 8,113 12,75S 100,774 30,670 25,283 12,021 5,182 10,317 1,949 12,321 24,680 6,948 9,359 6,o4o 1,500 3,322 2,219 1,855 751 44,422 8,054 649 36 82 48 71 56 33 93 30 24 65 45 56 JJumber of r e p o r t i n g banks c. 28,909 2,961
@FedFRASER