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STATEMENT FOE THE PRESS Released f o r p u b l i c a t i o n F r i d a y a f t e r n o o n , Feb. 26; not e a r l i e r . St.4858. F e d e r a l Reserve Board, F e b r u a r y 2 5 , 1926. CONDITION OF MEMBER BANTS IN LEADING CITIES The F e d e r a l Reserve B o a r d ' s s t a t e m e n t of c o n d i t i o n of %l6 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 17 shows r e d u c t i o n s of $45,000,000 i n l o a n s and d i s c o u n t s , $24,000,000 in i n v e s t m e n t s and $55,000,000 in n e t demand d e p o s i t s , t o g e t h e r w i t h an i n c r e a s e of $15,000,000 i n time d e p o s i t s and of $10,000,000 in borrowings from the F e d e r a l r e s e r v e b a n k s . Member banks i n New York City r e p o r t e d r e d u c t i o n s of $37,000,000 i n l o a n s and d i s c o u n t s , $11,000,000 i n i n v e s t m e n t s and $72,000,000 i n n e t demand d e p o s i t s , t o g e t h e r w i t h an i n c r e a s e o f $16,000,000 i n borrowings from t h e F e d e r a l r e s e r v e bank. Loans on c o r p o r a t e s t o c k s and bonds f e l l o f f $61,000,000, the l a r g e r d e c l i n e of $72,000,000 r e p o r t e d by banks i n the New York d i s t r i c t b e i n g o f f s e t i n p a r t by r e l a t i v e l y small i n c r e a s e s i n the Boston, Cleveland and Chicagp d i s t r i c t s . "All o t h e r " l o a n s and d i s c o u n t s went up $17,000,000, the p r i n c i p a l changes i n t h i s item b e i n g an i n c r e a s e of $35,000,000 a t banks i n the New York d i s t r i c t and a r e d u c t i o n o f $12,000,000 a t banks i n the Boston d i s t r i c t . 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 , secured by s t o c k s and bonds, made by New York City r e p o r t i n g oanks were $1,000,000 l a r g e r t h a n a week ago. The amount of such l o a n s made by t h e New York City banks f o r t h e i r own account f e l l o f f $40,000,000, w h i l e those made f o r the account of o u t - o f - t o w n banks i n c r e a s e d $13,000,000 and those f o r t h e account of 0 t h e r s $28,000,000. I n v e s t m e n t s o3f r e p o r t i n g members were $24,000,000 l e s s t h a n a week ago, the p r i n c i p a l d e c r e a s e s o f $9,000,000 and $5,000,000 b e i n g r e p o r t e d by banks in the New York and Boston d i s t r i c t s , r e s p e c t i v e l y , i n h o l d i n g s of s e c u r i t i e s o t h e r thai} Government o b l i g a t i o n s . Net demand d e p o s i t s were $55,000,000 l e s s than a week ago.^ Banks in t h e New York d i s t r i c t r e p o r t e d a r e d u c t i o n o f $68,000,000 and those in the St. I o u i s d i s t r i c t a r e d u c t i o n of $ 9 , 0 0 0 , 0 0 0 , while banks i n t h e Cleveland and Kansas City d i s t r i c t s r e p o r t e d i n c r e a s e s of $14,000,000 and $7,000,000, r e s p e c t i v e l y . Time d e p o s i t s went up $15,000,000, of which $7,000,000 was i n t h e Chicago d i s t r i c t and $5,000,000 in t h e New York d i s t r i c t . The p r i n c i p a l changes in borrowings from the F e d e r a l r e s e r v e banks include i n c r e a s e s of $10,000,000 and $7,000,000 in the New York and S t . Louie d i s t r i c t s , r e s p e c t i v e l y , and a r e d u c t i o n of $9,000,000 in the Boston d i s t r i c t . A summary of changes i n 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 r e p o r t i n g members d u r i n g the week and t h e year ending February 17, 1926, f o l l o w s : I n c r e a s e or d e c r e a s e during Week Year ::::: | | § |'1|| , „ r „ . . . . . % % % : & S S :IEE ggisrr.r"• r-.::::::'- 8SSS - WS S 3 S £ k ! F x H x ! ^ HISS T o t a l accommodation a t F. R. Banks W + 10,000,000 * 163,000,000 Released f o r p u b l i c a t i o n F r i d a y a f t e r n o o n , F e b r u a r y 26, 192b; not e a r l i e r . PRINCIPAL RESOURCES AND LIABILITIES OF REPORTING MEMBER BANKS IN LEADING IITIES ( i n t h o u s a n d s of d o l l a r s ) R e p o r t i n s member banks All r e p o r t i n g member banks in New York C i t y Feb. 18 F e b . 10 Feb. 17 Feb. 18 Feb. 10 Feb. 17 1925 1926 1926 1925 192b 1926 Number of r e p o r t i n g banks - - - - - - - - - Loans and d i s c o u n t s , g r o s 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 and 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: U. S. P r e - w a r bonds - - - - - - - - - - - U. S, L i b e r t y bonds - - - - - - - - - - - U. S. T r e a s u r y bonds - - - - - - - - - - U. S. T r e a s u r y n o t e s - - - - - - - - - - U. S. T r e a s u r y c e r t i f i c a t 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 1 cans md i n v z s t r . s n t 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 - - - - - - - - Net demand d e p o s i t s - - - - - - - - - - - - - - - - - - - 716 716 739 6l 6l n 46 46 46 16,784 23,936 15,913 53,390 53,725 76,876 198,160 •521,085 6 1 6 , 1 5 1 620,505 4,731,442 2,103,820 2,178,785 1,932,059 694,680 696,662 684,757 8,240,899 2 , 2 7 1 , 9 9 9 2 , 2 3 3 , 9 3 6 2 , 2 9 7 , 6 7 6 13,960,961 14,006,194 13,170,501 4,429,209 4,466,446 4,306,611 1,321,175 1,329,597 1,239,701 163,973 5,446,935 8,350,053 165,165 5,507,575 8,333,451 223,529 1,400,162 451,073 321,386 144,791 2,924,382 223,914 1,403,184 445,717 326,252 150,158 2,940,485 5,465,323 5,489,710 19,426,284 19,495,904 1,684,457 l , b o 3 , 5 0 8 277,176 298,445 13>017,376 13,072,587 5,421,383 5 , 4 0 6 , 1 6 1 201,291 204,288 218,764 1,355,104 355,436 498,452 116,945 2,'820, 8b4 29,571 524,318 192,414 152,255 40,240 812,146 29,555 526,760 189,625 151,947 40,3O8 823,348 T o t a l .'. 27,047 533,971 138 , 039 202,533 54,909 800,855 4,884 102,340 17,161 46,449 1,963 198,286 4,884 99,152 19,240 49,314 2,539 199,295 1,938 82,732 26,833 71,001 8,022 223,122 413,648 374,424 371,083 5,404,567 1 , 7 5 0 , 9 4 4 1 , 7 6 1 , 5 4 3 1 , 7 5 7 , 3 5 4 18,575,068 6,180,153 6,227,989 6,063,965 1 , 6 9 2 , 2 5 s 1 , 7 0 4 , 0 2 1 1 , 6 5 3 , 3 4 9 160,627 162,691 162,576 722,107 709,104 708,392 1,646,849 21,009 21,272 26,759 64,023 78,674 63,776 280,719 1,149,963 1,162,630 1,169,269 12,994,807 5,034,377 5,105,950 5,104,187 518,788 511,961 457,829 799,987 301,509 792,309 4,936,315 12,947 12,947 14,343 49,995 49,995 16,279 121,233 Time d e p o s i t s - - - - - - - - - - - - Government d e p o s i t s - - - - - - - - - - - - B i l l s p a y a b l e and r e d i s . w i t h F. R. Banks: 133,061 125, 892 111,022 228,478 229,213 S3cured by U.S.Government o b l i g a t i o n s - - 17,690 19,304 71,697 129,399 132,511 All o t h e r - - - - - - - - - - — - - 145,196 128,712 T o t a l b o r r o w i n g s f r e m F. R. Banks - - - 367,724 3 57 , 877 204,758 Loans to 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 6l r e p o r t i n g rnamber banks i n New York C i t y : For own account 1,153,905 ^ 9 9 , 3 0 7 For account of o u t - o f - t o w n banks 1,354,170 1,34^,433 For account of_ o t h e r s 625,649 597,548 67 R e p o r t i n g member banks i n Chicago Feb. 17 Feb. 10 [ Feb. 18 1926 j 1925 1926 3,138,724 3 , 1 3 7 , 5 8 8 76,400 35,154 11,780 9,758 12,898 8,401 97O 270 111,554 21,538 21,299 1,240 Released f o r p u b l i c a t i o n Friday a f t e r n o o n , February 26, I 9 2 6 , not e a r l i e r . S t . 4858b * PRINCIPAL RESOURCES AND LIABILITIES OF ALL REPORTING MEMBER BANKS IN EACH FEDERAL RESERVE DISTRICT AS AT CLOSE OF BUSINESS, FEBRUARY 17, 1 9 2 6 . ( i n t h o u s a n d s of d p i l a r s ) Federal Reserve D i s t r i c t Boston New York F h i l a . Cleve. Rich. A t l a n t a Chicago S t . L o u i s Minn. Eans.Cy. D a l l a s San F r a n . T o t a l Number of r e p o r t i n g banks 40 99 54 75 ?1 36 100 33 24 69 49 66 716 Loans and d i s c o u n t s , g r o s s : Secured by U . S . G o v t , o b i i g . 8,997 58,005 10,512 21,379 5,192 7,605 22,443 1 1 , 9 8 0 2,436 4,026 3,407 7,991 163,973 Secured by s t o c k s & bonds 342,9812,378,804 405,584 514,560 145,429 98,720 8 2 3 , 5 0 2 209,054 69,631 116,183 7 9 , 0 4 6 263,441 5 , 4 4 6 , 9 ^ 5 All o t h e r l o a n s & d i s c o u n t s 6 4 9 , 7 6 4 2 , 5 9 2 , 8 9 5 363,358 752,671 3 7 0 , 2 2 7 417,673 1 , 2 4 1 , 9 1 8 3 1 3 , 2 9 6 178,506 323,135 238,977 907,630 8,350,653 T o t a l l o a n s and d i s c o u n t s 1 , 0 0 1 , 7 4 2 5 , 0 2 9 , 7 0 4 Investments: U. S. P r e - w a r bonds 9,684 39,312 U. S. L i b e r t y bonds 80,752 606,180 U. S. T r e a s u r y bonds 17,784 209,712 U. S. T r e a s u r y n o t e s 3,996 155,604 U. S. T r e a s u r y c e r t i f i c a t e s 17,770 42,042 Other bonds, s t o c k s and securities 212,258 1 , 1 1 0 , 2 4 0 Total investments 348,244 2 , l b 8 , 0 9 0 779,454 1 , 2 8 8 , 6 1 0 520,848 523,993 2 , 0 8 7 , 8 6 3 534,330 250,573 4 4 3 , 3 4 / 321,430 1 , 1 7 9 , 0 6 2 1 3 , 9 6 0 , 9 6 1 9,48 b 50,340 18,032 7,343 6,793 33,3.63 163,69b 35,528 24,635 19,368 252,103 341,491 344,097 25,274 31,503 6,802 1,766 2,096 14,882 15,253 5,769 2,034 5,229 20,528 174,093 54,289 59,523 10,059 8,783 57,472 17,993 15,694 4,743 17,439 20,640 4,610 4,682 4,686 24,750 142,497 52,571 19,956 20,229 223,529 1,400,162 451,073 321,386 144,791 63,097 618,081 131,138 52,155 95,322 4 3 4 , 7 1 2 1 0 7 , 7 5 0 4 2 , 3 1 4 75,827 753,504 168,158 1 1 3 , 6 5 2 180,512 23,379 75,436 209,056 469,089 2,924,382 5,465,323 12,957 22,786 13,079 7,333 4,253 7,071 26,950 14,904 15,490 6,923 T o t a l l o a n s and i n v e s t m e n t s 1 , 3 4 9 , 9 8 b 7 , 1 9 7 , 7 9 4 1 , 1 2 3 , 5 5 1 1 , 9 0 6 , 6 5 1 b51,98b 619,320 2 , 8 4 1 , 3 6 ? 702,488 364,225 623,859 396,866 1 , 6 4 8 , 1 5 1 1 9 , 4 2 6 , 2 8 4 Reserve b a l a n c e s w i t h F.R.Bk.. 9 5 , 0 4 0 779,178 80,476 127,095 41,79b 4 4 , b l 9 233,210 47,006 27,288 56,188 3 3 , 5 7 3 118,988 1 , 6 8 4 , 4 5 7 Cash i n v a u l t 20,246 79,485 17,088 30,009 1 3 , 4 9 1 12,309 48,129 7,581 5,573 12,520 9,890 20,855 277,176 Net demand d e p o s i t s 894,006 5 , 6 0 4 , 4 6 4 757,674 1 , 0 2 1 , 7 7 0 377,326 3 6 9 , 0 8 5 1 , 7 5 4 , 4 8 2 4 2 3 , 3 5 4 228,848 499,398 282,525 804,444 1 3 , 0 1 7 , 3 7 6 Time d e p o s i t s 395,476 1 , 1 9 8 , 2 0 ? 222,903 762,319 2 0 4 , 2 8 6 215,564 1 , 0 3 7 , 2 4 3 221,662 1 1 3 , 1 3 4 1 4 4 , 0 4 6 9 9 , 1 5 7 807,386 5 , 4 2 1 , 3 8 3 Government d e p o s i t s 19,595 56,627 18,901 19,765 b,125 10,006 25,659 5,864 3,065 1,851 7,565 26,265 201,291 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 . 2,090 147,603 9,176 10,442 1,829 3,204 26,955 6,120 4,450 7,240 544 9,560 229,213 m other 16,775 23,799 14,221 1 6 , 1 4 4 17,828 15,151 14,762 8,673 1,719 3,277 6,162 138,511 BANKERS' BALANCES OF REPORTING MEMBER BANKS IN FEDERAL RESERVE BANK CITIES , Due t o banks 128,261 1 , 0 7 7 , 6 6 8 180,619 4 8 , 2 4 4 37,270 2 0 , 7 8 6 3 7 4 , 2 7 0 91,919 - 9*,692 1 0 3 , 1 9 2 3 1 , 4 6 6 107,430 2,255,823 Due f r o m banks 33,827 99,554 64,259 2 7 , 9 6 2 19,211 13,592 1 6 1 , 1 8 7 30,44? 1 6 , 7 5 0 42,461 2 7 , 0 3 3 52,533 588,816 C.
@FedFRASER