The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
STATEMENT FOF T1TE PRESS S t . 4443 Federal Reserve Board, F e b r u a r y 2 o , 1925* Released for 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 . 27J not e a r l i e r . CONDITION OF MEMBER BANKS I N LEADING C I T I E S I n c r e a s e s o f $ 5 6 , 0 0 0 , 0 0 0 i n l o a n s and d i s c o u n t s and d e c r e a s e s o f $ 2 8 , 0 0 0 , 0 0 0 i n i n v e s t m e n t s s n d o f $ 9 8 •, 0 0 0 , 0 0 0 i n n e t d emand d e p o s i t s a r e s h e w n i n vn6 F e d e r a l R e s e r v e Bos. *3« s w e e k l y c o n s o l i d a t e d s t a t e m e n t of c o n d i t i o n on F e b r u a r y 1 8 o f 7 3 9 member bankr- i n l e a d i n g c i t i e s . T ' h i l e l o a n s on c o r p o r a t e s e c u r i t i e s s h o w a d e c l i n e o f $ 1 1 , 0 0 0 , 0 0 0 , l o a n s o n U. S . G o v e r n m e n t o b l i g a t i o n s a n d " A l l o t h e r , " l a r g e l y c o m m e r c i a l , l o a n s and d i s c o u n t s s h e w i n c r e a s e s o f $ 1 4 , 0 0 0 , 0 0 0 and $ 5 3 , 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 . b o n d s i n c r e a s e d b y $ 3 , 0 0 0 , 0 0 0 , w h e r e a s h o l d i n g s o f T r e a s u r y n o t e s and c e r t i f i c a t e s w e r e r e d u c e d b y $ 2 0 , 0 0 0 , 0 0 0 and c o r p o r a t e s e c u r i t i e s b y $ 1 1 , 0 0 0 , 0 0 0 * Member b a n k s i n New Y o r k C i t y r e p o r t , a n i n c r e a s e o f $ 5 0 , 0 0 0 , 0 0 0 i n l o a n s and d i s c o u n t s , a d e c r e a s e of $ 1 8 , 0 0 0 , 0 0 0 i n l o a n s on c o r p o r a t e s e c u r i t i e s o f f s e t t i n g i n p a r t i n c r e a s e s o f $ 1 1 , C O O , 0 0 0 i n 1 c a n s on U. S . G o v e r n m e n t s e c u r i t i e s and of ^ $ 5 7 , 0 0 0 , 0 0 0 i n " A l l o t h e r " l e a n s and d i s c o u n t s . T h e i r h o l d i n g s o f U. 5 , b o n d s i n c r e a s e d b y $ 1 4 , 0 0 0 , 0 0 0 w h i l e t h e i r h o l d i n g s o f T r e a s u r y n o t e s and c o r p o r a t e s e c u r i t i e s d e c l i n e d $ 1 9 , 0 0 0 , 0 0 0 and $ 6 , 0 0 0 , 0 0 0 , r e s p e c t i v e l y . N e t demand d e p o s i t s show d e c r e a s e s i n a l l d i s t r i c t s e x c e p t D a l l a s . The p r i n c i p a l d e c r e a s e s a r e shewn f or t h e f e l l owing d i s t r i c t s : New Y o r k 000,000, B o s t o n and R i c h m o n d t i l , 0 C 0 , C O O e a c h , C l e v e l a n d $ 1 0 , 0 0 0 , 0 0 0 , S t . L o u i s $ 7 , 0 0 0 , 0 0 0 and A t l a n t a $ 6 , 0 0 0 , 0 0 0 . T i m e d e p o s i t s w e n t u p $ 1 2 , 0 0 0 , 0 0 0 and. G o v e r n m e n t d e p o s i t s $8,000,000. H e s e r v e b a l a n c e s of a l l r e p o r t i n g b a n k s w e r e r e d u c e d b y $ 4 , u 0 0 , 0 0 0 ^ a n d c a s h i n v a u l t - by $ 1 4 , 0 0 0 , 0 0 0 . T h e New Y o r k C i t y b a n k s r e p o r t d e c l i n e s o f $ 1 2 , 0 0 0 , 0 0 0 i n r e s e r v e b a l a n c e s and o f $ 8 , 0 0 0 , 0 0 0 i n c a s h . B o r r o w i n g s of a l l r e p o r t i n g i n s t i t u t i o n s f r o m t h e F e d e r a l r e s e r v e b a n k s i n c r e a s e d by $ 1 1 , 0 0 0 , 0 0 0 , o f w h i c h $ 4 , 0 0 0 , 0 0 0 was r e p o r t e d b y t h e New Y o r k C i t y members. A s u m m a r y o f cB&nges 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 o f r e p o r t i n g m e m b e r s d u r i n g t h e w e e k and t h e y e a r e n d i n g F e b r u a r y 1 8 , 1 9 2 5 ; f o l l o w s : Increase or Y/eek $56,000,000 Leans and d i s c c 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 S e c u r e d b y s t o c k s and b o n d s . . . All other . . . . . . . . . . . . 14,000,000 decrease during Year $1,244,000,000 24,000,000 11,000,000 53,000,000 883,000,000 385,000,000 Investments, total . . . U. S . b o n d s 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 . . • O t h e r b o n d s , s t c c l c a and s e c u r i t i e s 28,000,000 3,000,000 18,000,000 2,000,000 11,000,000 910,000,000 578,000,000 Reserve balances Cash i n v a u l t 4,000,000 14,000,000 249,000,000 98,000,000 12,000,000 8,000,000 + 1,760,000,000 + 760,000,000 11,000,000 65,000,000 w i t h F. R. Banks N--)t d e m a n d 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 Total accommodation a t F. . + + R. B a n k s 304,000,000 14,000,000 622,000,000 4,000,000 Released f o r - p u b l i e a t i o n Friday afternoon, F e b r u a r y 27, 1925/ n o t -Oa earlier. PRINCIPAL RESOURCES AND L I A B I L I T I E S OF REPORTING MEMBER B A M S IN LEADING C I T I E S ( i n t h o u s a n d s of d o l l a r s ) A l l r e p o r t i n g member b a n k s Feb. IS 1925 739 N u n b 3 r of r e p o r t i n g b a n k s L o a n s and Secured Secured All oth discounts, gross: by U . S . G o v ' t . o b l i g a t i o n s . by s t o c k s a n d b o n d s - - - ? r l o a n s and d i s c o u n t s - - - Feb. 11 1925 739 Feb. 20 1924 758 R e p o r t i n g member b a n k s i n New Y o r k C i t y F e b . 20 Feb. 11 20. IS 1924 1925 1925 67 67 67 R e p o r t i n g member b a n k s Chicago Fsb. 11 Feb. 18 1925 1925 46 46 in F e b . 20 1924 4g 521,085 694,680 25,931 524,221 705,918 28,803 435,516 636,099 1,233,701 1,256,070 1,100,418 800,855 1,938 82,732 26,833 71,001 8,022 223,122 3,238 23,187 131,301 221,247 54,986 506,548 38,257 410,620 15,369 405,934 22,468 562,561 220,261 4,232 40,924 5,104 80,851 15,074 156,559 4,494,267 1,757,354 1,768,277 1,455,209 413,648 415,598 302,744 18,546,811 16,420,785 6,063,965 6,025,470 5,185,834 1,653,349 1,671,668 1,403,162 l,b46,849 1,651,126 1,392,030 708,392 720,061 580,947 162,576 156,473 150,723 280,719 294,532 260,659 63,776 72,241 68,667 26,759 27,320 27,486 Cash in v a u l t - - - - - - - - - - - 12,994,807 13,093,391 11,235,478 5,104,157 5,153,510 4,329,927 1,169,269 1,171,996 1,002,672 N e t demand d e p o s i t s - - - - - - - - 4,936,315 4,924,543 4,175,930 792,309 791,012 610,267 457,229 460,354 373,970 121,238 113,437 124,918 16,279 16,279 33,974 14,343 14,343 6,241 Government d e p o s i t s - - - - - - - B i l l s p a y a b l e & red i s . w i t h F.H.Banks: S e c u r e d by U . S . G o v t , o b l i g a t i o n s All other - - - - - - - - - - - 133,061 71,697 129,933 76,400 35,154 77,300 30,277 59,600 63,651 135,737 134,355 5,532 970 270 1,420 100 2,100 969 204,758 193,554 270,092 111,554 107,577 65,132 1,240 1,520 3,069 T o t a l l o a n s and d i s c o u n t s ^v5,299 4,731,442 o, 233,7oO 190,981 229,228 4,742,220 8,181,533 - - - - 1 3 , 1 7 0 , 501 Investments: U. 8, p r e - w a r b o n d s - - - - - - - U. S , l i b e r t y b o n d s - - - - - - - U. S . T r e a s u r y b e n d s - - - - - TJ» 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 - - O t h e r b e n d s , s t o c k s and s e c u r i t i e s Total investments Total loans - - - - - - - and investments Reserve balances w i t h F. / Time d e p o s i t s Total - - - - - R. B a n k s — - - - - b o r r o w i n g s f r o m F . R. B a n k s 80,522 3,848,626 7,848,667 76,876 1,932,059 2,297,676 65,989 1,950,125 2,241,079 1,432,528 2, 2 1 7 , 5 7 5 13,114,734 11,920,521 4,306,611 4,257,193 3,730,62: 224,879 1,381,615 349,133 516,875 272,730 27,147 1,031,141 77,538 27,047 533,971 138,039 202,533 2,841,013 2,207,640 5,404,567 5,432,077 18,575,068 ^ 213,764 1,355,104 355,43^ 4y8,4)2 116,945 2,829,864 118,562 802,706 102,512 54,909 527,04s 23,936 27,200 71,360 8,552 R e l e a s e d 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 27, 1925J n o t earlier. .. S t . 44*3 o PRINCIPAL RESOURCES AND LIABILITIES OF ALL REPORTING- MEMBER BANKS IN EACH FEDERAL RESERVE DISTRICT AS AT CLOSE OF BUSINESS, FEBRUARY 1 8 , 1925(in thousands Federal Reserve D i s t r i c t Number of r e p o r t i n g b a n k s of d o l l a r s ) Boston New York Phila. CI e v e . Rich. 42 108 55 76 74 Atlanta 36 Chicago S t . L o u i s 100 33 Minn. K a n s . C y . D a l l a s 25 71 49 San F r a n . Total 70 739 9,737 217,283 849,780 205,299 4 , 7 3 1 , 42 8,233,760 L o a n s 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 . Secured bv s t o c k s & bonds All other' loans & discounts 8,542 81,854 304,447 2,155,424 658,502 2,597,509 17,535 310,697 352,488 T o t a l l o a n s and d i s c o u n t s 971,491 4,834,787 6 5 0 , 7 2 0 1 , 1 8 1 , 4 6 7 4 7 8 , 9 4 9 4 5 9 , 2 2 2 1,943,459 5 1 6 , 0 9 0 2 6 / , l £ H 4 4 7 , 8 3 d 3 1 2 , 5 5 4 1 , 0 7 6 , 8 0 0 1 3 , 1 ^ 0 , 5 0 1 Investments: U. S . P r e - w a r b e n d s u . S. L i b e r t v bonds U. S. T r e a s u r y b o n d s 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 O t h a r b e n d s , s t a c k s and securities Total investments Total loans & investments 19,285 6 , 9 0 2 7,519 31,628 11,758 2,725 4,285 3,529 425,112 124,774 73,759 693,090 191,534 59,471 104,700 7 l , l 4 5 737,070 347,273 377,944 1 218,741 312,79 3 204.928 338,847 237,880 37,474 626,857 153,873 220,475 56,522 9,568 51,750 15,894 20,486 7,443 31,536 170,793 29,315 56,413 7,049 25,180 37,879 5,126 2,358 381 14,928 9,426 2,808 3,272 1,109 17,357 13,275 167,593 24,724 49,396 8,792 98,602 12,942 13,545 639 ,„ 7,246 25,974 9,953 18,4l0 5,720 , 9,336 43,125 13,247 21,107 ,oc-8 ,. 17,544 14,272 5,878 9,246 2,003 191,926 1,063,731 - 256,731 349,487 61,766 41,375 439,868 100,805 37,268 71,73% 20,507 , . 24,637 133,120 44,432 26,589 17,l48 . 194,669 309,229 2,15%,932 361,872 644,593 132,690 72,918 786,361 l 6 l , l 7 7 104,571 162,174 69/455 440,595 10,683 79,591 16,724 8,552 1,753 218,764 1,385,104 355,43s 498,452 116,9 45 u 2,829,864 5,404;567 1 , 2 8 0 , 7 2 0 6 , 9 9 3 , 7 1 9 1 , 0 4 2 , 5 9 2 1 , 8 2 6 , Ob 0 6 1 1 , 6 3 9 5 3 2 , 1 4 0 2 , 7 2 9 , 8 2 0 6 7 7 , 2 0 7 3 7 1 , o95 6 1 0 , 0 1 2 3 8 2 , 0 0 9 1 , 5 1 ; , 3 9 5 1 8 , 575; 068 Reserve balances w i t h F.R.Bk. 91,265 7o?.,436 Cash i n v a u l t 21,266 79.301 Net demand d e p o s i t s 874,536 5,647,701 Time d e p o s i t s 336,420 1,141,669 Government d e p o s i t s 22,514 25,096 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 . G o v t , o b l i g . 1,385 92,635 All other 3,055 36,274 8 2,187 127,790 4 i , 6 0 4 39,572 231,379 50,319 25,957 55,466 3 3 , 4 4 / 16,571 29,693 1 3 , 4 6 4 1 0 , 7 5 5 52,006 7,26s 5 , S p 5 11,9.43 I 0 , o 8 8 749,076 1,012,802 365,546 321,072 1765,102 417,316 247,246 496,641 293,3b6 123,080 713,773 188,070 190,848 928,616 210,776 105,080 136,960 9 5 , 5 6 5 18,130 11,439 2,136 2,941 21,000 6,713 1,602 657 1,647 2,500 2,685 21,401 7,35-9 2,852 7,721 51 3,109 , 4,170 579 210 4,919 45 192 , 637 143 200 1,756 ' own 2 8 . ' , 1^.9 21,yOj 604,393 12,994,807 705,45s 4,93b.315 7,363 1 , , -3 r 6,975 3,bo5 n 1 33,061 71,697 BANKERS' BALANCES OF REPORTING MEMBER BANKS IN FEDERAL RESERVE BANK C I T I E S Due t o b a n k s Due f r o m b a n k s 130,418 1,215,374 36,329 101,160 194,355 69,630 51,864 24,671 37,399 15,427 20,241 13,352 416,825 100,012 166,232 31,520 66,306 128,203 22,828 45,912 45,276 36,085 118,978 77,974 2,525,251 641,120
@FedFRASER