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STATEMENT! FOR THE P B S S S
For immediate f e l e a s e
S t . 5277.
F e d e r a l Reserve Board,
February 21, 1927.
CONDITION OF t{5MBER BAMS IN LEADING C1THS
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 677 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 l b , 1927, shows a d e c l i n e of $24,000,000 i n
l o a n s and d i s c o u n t s and i n c r e a s e s of $33,000,000 i n i n v e s t m e n t s , $32,000,000 i n
n e t demand d e p o s i t s and $11,000,000 i n borrowings from t h e F e d e r a l r e s e r v e banks.
Member banks i n Hew York City r e p o r t e d r e d a c t i o n s of .*17,000,000 i n l o a n s and
d i s c o u n t s , $4,000,000 i n i n v e s t m e n t s and $9,000,000 i n n e t demand d e o o s i t s .
Loans on s t o c k s and bonds, i n c l u d i n g TJ. S. G-overnment s e c u r i t i e s , were
$6,000,000 below l a s t w e e k ' s t o t a l , d e c l i n e s of $19,000,000 i n t h e Cleveland d i s t r i c t and $7,000,000 i n t h e Boston 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 an i n c r e a s e
of $18,000,000 i n t h e New York d i s t r i c t .
"All o t h e r " l o a n s and d i s c o u n t s d e c l i n e d
$18,000,000 d u r i n g t h e week, t h e p r i n c i p a l changes i n c l u d i n g an i n c r e a s e of
$14,000,000 i n t h e Cleveland d i s t r i c t and r e d u c t i o n s of $25,000,000 and $7,000,000
i n t h e New Yoric and P h i l a d e l p h i a d i s t r i c t s , r e s p e c t i v e l y . Loans t o b r o k e r s and
d e a l e r s , secured 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
City were $2,000,000 below t h e February 9 t o t a l , l o a n s f o r o u t - o f - t o w n bsalts having
d e c l i n e d $32,000,000, while l o a n s f o r own account and f o r o t h e r s i n c r e a s e d
$8,000,000 and $22,000,000, r e s p e c t i v e l y .
Holdings of U. S. Government s e c u r i t i e s i n c r e a s e d $ 1 3 , 0 0 0 , 0 0 0 , l a r g e r
f i g u r e s b e i n g r e p o r t e d by banks i n a l l d i s t r i c t s except Boston and Minneapolis.
Holdings of o t h e r bonds, s t o c k s and s e c u r i t i e s i n c r e a s e d $20,000,000, of which
$7,000,000 was i n t h e Chicago d i s t r i c t .
Net demand d e p o s i t s were $82,000,000 above t h e February 9 t o t a l , the p r i n c i p a l i n c r e a s e s b e i n g $31,000,000 i n the Chicago d i s t r i c t , $10,000,000 i n t h e
Kansas City d i s t r i c t and $9,000,000 and $8,000,000 i n t h e D a l l a s and New York
districts, respectively.
Borrowings f r o m t h e F e d e r a l r e s e r v e banks i n c r e a s e d $11,000,000, an i n c r e a s e of $13,000,000 i n t h e Chicago d i s t r i c t and small i n c r e a s e s i n t h e New York,
Richmond, S t . Louis and Kansas City d i s t r i c t s b e i n g o f f s e t i n p a r t by a r e d u c t i o n
of $13,000,000 i n t h e Cleveland d i s t r i c t .
A summary of changes 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 t h e y e a r ending February l o , 1927, f o l l o w s :
Increase
or
decrease
Week
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
-
-
Investments, t o t a l
U. 5. 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 .
-F
+
Reserve b a l a n c e s w i t h F. R. Banks
Cash i n v a u l t
•f
. .
-
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
T o t a l borrowings from F. R. Banks
C.
+
4-
$24,000,000
2,000,000
4,000,000
18,000,000
33,000,000
13,000,000
20,000,000
. .
+
Year
$163,000,000
19,000,000
20,000,000
+
202,000,000
+ 138,000,000
176,000,000
+
—
—
-
+
3I4,OOO,COO
+
17,000,000
23,000,000
65,000,000
17,000,000
-
82,000,000
9,000,000
+
-
11,000,000
during
78,000,000
-
-
481,000,000
100,000,000
134,000,000
For immediate r e l e a s e
PRINCIPAL RESOURCES AND LIABILITIES OF REPORTING- MEMBER BANKS IN LEADING CITIES
All r e p o r t i n g member banks
Feb.
1 6
1 9 2 7
dumber of r e p o r t i n g banks
677
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 - - - - - All 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 - - - - Investments:
TJ. 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 - - - - - - Total l o a n s and investments
-
- - - - -
Reserve b a l a n c e s with F. R. Banks
- Cash i n v a u l t - - - - - - - - - - - - Net demand d e p o s i t s
Tims d e p o s i t s - - Government d e p o s i t s
Due from banks
Due t o banks -
Feb.
9
1 9 2 7
679
Feb.
1 7
1 9 2 6
716
St. 5277a
Reporting member banks
i n New York City
Feb. 1 6 | Feb. 9
| Feb. 1 7
1927 ! 1927
1 1926
54
54
61
1927
! 1927
45
45
1 7
1926
i
46
15,913
12,292
12,200
52,476
54,610
53,390
163,973
620,505
661,203
659,730
5,446,935 1,907,263 1,895,178 2,103,820
5,426,725
684,757
688,475
684,570
2,445,576
2,472,056
2,271,999
8,350,053
2,552,390
14,123,775 14,148,105 13,960,961 4,405,315 4,421,844 4,429,209 11,356,500 1,361,970 1 , 3 2 1 , 1 7 5
144,660
146,529
5,431,18b
8,570,390
2,540,941
2,924,382
153,133
152,686
172,797
5,603,275
19,727,050
1,701,438 1,636,551 1,684,457
254,224
271,216
277,176
12,939,058 12,856,929 13,017,376
5,902,012 5,893,331 5,421,383
101,790
101,787
201,251
377,113
371,182
371,083
1,733,613 1,733,152
166,151
179,120
20,574
19,760
1,692,258
160,627
21,009
2,364,705
3,238,570
938,79S
854,603
855,525
812,146
895,498
890,701
5,569,756 5,465,323 1,746,226 1,750,101 1,750,944
19,717,861 19,426,284 6,151,541 6,171,945 6,180,153
2,351,123
3,218,633
1,193,804 *1,132,284
3,343,966 *3,289,468
715,936
56,182
686,106
4,920,464
934,590
28,791
4,929,816
60,467
722,107
64,023
5,034,377
927,171
799,987
28,791
49,995
89,371
99,554
99,769
1,108,408 1,045,887 1,077,^68
B i l l s payable and r e d i s c o u n t s with F.R.Banks:
125,892
56,300
61,900
Secured by U. S. Government o b l i g a t i o n s
166,015
135,254
229,213
19,304
13,932
9,000
68,067
88,136
138,511
All o t h e r - - - - - - - - - - - - - 145,196
70,232
70,900
234,082
223,390
367,724
T o ta l borrowings from F. R. Banks Loans t o "brokers and d e a l e r s (secured by s t o c k s and bonds) made by r e p o r t i n g
member banks i n "SJew York City:
For own account
815,422
207*571 1,15&>905
For account of o u t - o f - t o w n banks . . . . 1,123,046 1,154,874 1,354,170
For account of o t h e r s
.
7&0»lSb
75&>133
625,o4g
Total
2,718,634 2,720,578 3,138,724
On demand
2,069,796 2,047,598 2,160,138
C.
On time
648,838
672,980
978,586
Reporting member banks
i n Chicago
Feb. 1 6 i Feb. 9
| Feb.
223,980
218,496
198,286
1.189,728 1,182,111 1 , 1 4 9 , 9 6 3
518,788
530,839
528,593
12,947
4,475
4,475
148,434
373,752
130,718
368,687
161,187
374,270
15,438
5,796
3,513
5,691
9,204
11,780
9,75S
21,538
21,234
•Revised f i g u r e s
For immediate r e l e r s e
St.5^77^
PRINCIPAL RESOURCES AND LIABILITIES OF ALL REPORTING- WE!®ER BAWS IN EACH FEDERAL RESERVE DISTRICT AS AT CLOSE OF BUSINESS, FEBRUARY l 6 , 1927.
(In thousands of d o l l a r s )
F e d e r a l Reserve D i s t r i c t
Boston New York
Phila.
CIeve.
Rich. Atlanta Chicago S t . L o u i s Minn. Ksns^Oy. D a l l a s San Fran.
Total
Number of r e p o r t i n g "banks
37
92
^9
73
67
35
97
31
24
66
44
62
677
Loans and d i s c o u n t s , g r o s s :
Secured by U.S.Govt, o b i i g .
Secured by stocks and bonds
A l l Other l o a n s & d i s c o u n t s
7,890
55,270
332,779 2,218,851
645,128 2,780,7%9
10,593
4ll,s45
369,516
Total loans and discounts
985,797 5,060,S70
791,95% 1 , 3 ^ , S 9 8 517,778 505,300 2,139,240 499,824 241,784 421,556 331,841 1,278,933 l4,123,775
20,556 5,167 5,979
18,679
4,712
541,101 151,944 110,067
874,221 186,709
787,24i 360,667 389,254 l , 2 4 6 , 3 4 o 308,403
2,359
80,251
157,372 302,687 249,231
3,372
4,429
8l,o4o ll4,44o
Investments:
,
,
U.S. Government s e c u r i t i e s
134,687
9%7,357
88,399 262,93% 67,853 39,509 2S6,i4o 72,392 65,228
Other bonds, stocks & s e c u r . 254,559 1 , 2 1 6 , 8 9 7
2 8 0 , 1 3 5
362,403
71,03% 59,306
465,581 1 2 1 , 9 9 % 5 1 , % 2 2
Total investments
3 8 9 , 2 4 6
2 , 1 6 4 , 2 5 4
368,534 625,337 138,887 98,815 7 5 1 . 7 2 1 1 9 4 , 3 8 6 116,650
Total loans and investments 1,375,043 7,225,124 l , l 6 0 , 4 S S 1,974,235 656,665 bO4,115 2,890,961 694,210 358,434
Reserve balances with F.R.Bk.
95,102
778,3%!
81,156 127,453 4 4 , l 6 o 44,60S 257,266 49,890 23,638
Cash in vault
18,818
69,928
15,521
29,o4I 12,793 10,943
42,235
7,239
5,592
912,619
5,505,022
10,095
31.m
769,853 1,024,402 388,316 344,463
252,742
827,983 213,944 230,033
1%,759
8,314
3,028
6,724
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
420,157 1,392,230
Due from banks
Due to banks
50,6ll
l40,102 65,928
145,332 1,172,872 181,447
B i l l s payable and r e d i s c o u n t s
with F. R. Bank:
Secured by U.S.Govt, o b l i g .
All other
T o t a l borrowings from
F. R. Bank
W.
1,180
8,288
68,050
9,468
108,856 54,553 82,058
260,233 11%,%75 117.870
l6,l44
9.669
6,340
4,163
77,719
10,503
103,295
95,985
51,533
.
245,378
2 3 , 2 1 8
236,036
235,814
516.502
4,501
4,374
8.735
10,460
4I,833
13,332
20,645
13,109
10,467
55,165
144,660
5,^26,725
8,552,390
2,364,705
3,238,570
4 s i , 4 l 4 5,603,275
620,836 406,592 1,760,347 19,727,050
56,757 31,679
111,388 1,701,43s
11,775 9.85s
20,481
254,224
1 9 9 , 2 8 0
7 4 , 7 5 1
1,783,768 4 n , 8 7 2
1,058,685 232,4l5
9,442
5,654
323,%77
949,802
216,648 503,741 287,884
122,925 147,817 108,662
2,763
533
1,447
3,312
790,470
12,939,058
10,262
101,790
894,419
5,902,012
61,936
46,887
9%.945
138,703
231,513
6s,44o
114,577
139,916
248,543
4,150
1,218
135
1,465
2,747
1.419
295
660
20,760
4.157
166,015
68,067
5,368
1,600
4,i66
955
24,917
234,082
145,657
1,193,804
3,343,966
@FedFRASER