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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 , Feb. 5; not e a r l i e r . STATEMENT FOR THE PRESS St. 4g2S Federal Reserve Board, February 4, 1926. CONDITION OF MEMBER BANKS IN LEADING CITIES The Federal Reserve Board's statement of c o n d i t i o n of 717 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 as of January 27 shows a decline of $74,000,000 i n loans and discounts and an increase of $32,000,000 in investments. These changes were accompanied oy a decline of $140,000,000 i n net demand d e p o s i t s and an increase of $10,000,000 in time d e p o s i t s . Member banks i n New York City reported a r e auction* of $46,000,000 i n loans and discounts and an i n c r e a s e ' of $26,000,000 i n investments, together with declines of $38,000,000 i n net demand d e p o s i t s and $14,000,000 i n borrowings from the Federal Reserve banks. Loans on corporate stocks and bonds f e l l off $47,000,000, of which $30,000,000 was reported by banks i n the New York d i s t r i c t , and $7,000,000 and $6,000,000 i n the P h i l a d e l p h i a and Kansas City d i s t r i c t s , r e s p e c t i v e l y . All other loans and discounts were $27,000,000 lower than the previous week, r e ductions being shown f o r a l l d i s t r i c t s except P h i l a d e l p h i a and D a l l a s . The p r i n c i p a l reductions were $13,000,000 i n the New York d i s t r i c t , and $6,000,000 each i n the Chicago and San Francisco d i s t r i c t s . Investments of r e p o r t i n g banks i n U. S. s e c u r i t i e s changed comparatively l i t t l e i n any of the Federal reserve d i s t r i c t s . Holdings of other bonds, stocks and s e c u r i t i e s went up $23,000,000 at a l l r e p o r t i n g banks and at banks i n the New York d i s t r i c t . The only other important changes i n t h i s item were an i n c r e a s e of $12,000,000 i n the Chicago d i s t r i c t and a r e d u c t i o n of $11,000,000 i n the Cleveland d i s t r i c t . Net demand deposits f e l l off $140,000,000, reductions being reported f o r a l l di s t r i c t s* ! except Cleveland and St. Louis, where i n c r e a s e s of $11,000,000 and $2,000,000, r e s p e c t i v e l y , were shown. The l a r g e s t r e d u c t i o n s by d i s t r i c t s were as f o l l o w s : Chicago $50,000,000, New York $42,00 0,000, San Francisco $15,000,000, Boston $10,000,000, and P h i l a d e l p h i a and Atlanta $$,000,000 each. Time d e p o s i t s increased $10,000,000, increases of $7,000,000 i n the New York d i s t r i c t and $9,000,000 i n the Chicago d i s t r i c t being o f f s e t i n p a r t by s l i g h t reductions i n some other d i s t r i c t s . The p r i n c i p a l changes i n borrowings from the Federal reserve banks i n clude an increase of $23,000,000 in the Chicago d i s t r i c t and r e d u c t i o n s of $13,000,GOO and $11,000,000 in the Cleveland and New York d i s t r i c t s , r e s p e c tively. 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 during the week and the year ending January 27, 1926, 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.Govt, o b l i g a t i o n s . . . Secured by stocks and bonds . . . . . All o t h e r - $74,000,000 - 47,000,000 - 27,000,000 + $898,000,000 20,000,000 + g03,000,000 + 115,000,000 Investments, t o t a l . . , U. S. bonds U. S. Treasury notes U. S. Treasury c e r t i f i c a t e s . . . . . Other bonds, stocks and s e c u r i t i e s . . + 32,000,000 + 12,000,000 + 2,000,000 5> 000,000 + 23,000,000 11,000,000 + 42,000,000 - 191,000,000 + 31,000,000 + 102,000,000 Reserve balances w i t h F. R. Banks Cash i n v a u l t . - 22,000,000 7,000,000 + + 9>000,000 2,000,000 - 140,000,000 + 10,000,000 1,000,000 3,000,000 + + + + 20,000,000 510,000,000 65,000,000 140,000,000 . . . Net demand deposits . . . . . Time d e p o s i t s . . . . . . . . . . . . . Government d e p o s i t s Total accommodation at F. R. Banks . . . C. 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 , February 5, 1926; not e a r l i e r . S t . 4828a PRINCIPAL RESOURCES AMD LIABILITIES OF REPORTING MEMBER BANKS IN LEADING CITIES ( I n t h o u s a n d s of d o l l a r s ) I All r e p o r t i n g member banks I R e p o r t i n g member banks | R e p o r t i n g member banks i n j | i n New York City j Chicago J a n . 20 j J a n . 28 J a n . 28 J a n . 27 | j J a n . 27 j J a n . 20 | J a n . 28 | J a n . 2 7 | J a n . 20 1926 j 1926 1 1926 | 1926 1925 1925 1926 j 1925 | 1 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 Toy 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 - - - 717 161,629 5,509,329 8,278,2bl - - - - — 161,288 740 | 181,333 6l bl 67 46 46 46,355 49,909 60,022 17,634 616,498 679,446 616,776 688,003 5,556,865 4,706,93b 12,200,878 2,229,750 1,951,085 8,305,352 8^.63,15212,235^935 2,249,36s 2,276,797 16,733 46 26,066 528,012 701,480 13,949,219 1 4 , 0 2 3 , 5 3 5 13,051,420 4 , 4 5 3 , 1 7 1 4 , 5 2 9 , 0 5 7 4 , 2 8 7 , 9 0 4 1 , 3 1 3 , 5 7 5 1 , 3 2 1 , 5 1 2 1 , 2 5 5 , 5 5 8 - - - 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 - - - - - - - 718 - - - 222,606 1,405,725 433,977 319,080 155,957 222,885 1,392,974 434,453 317,490 160,554 2,940,375 2,916,824 2,832,427 5,477,720 261,018 1,394,042 365,913 510,421 124,624 29,731 525,452 29,539 522,389 42,595 535,023 138,248 101,132 16,466 56,711 814,021 5,445,180 5,488,445 1,737,274 1,711,982 1,801,324 182,404 142,681 40,776 816,780 181,694 142,562 41,332 794,166 211,726 3,597 3,621 100,778 16,370 4,067 81,276 28,525 73,600 11,603 201,940 50,204 2,044 193,449 201,976 375,506 366,466 401,047 48,520 3,851 ^ o t a l l o a n s and i n v e s t m e n t s - - - - - - • 19,426,939 1 9 , 4 6 8 , 7 1 5 18539,865 6 , 2 2 1 , 0 4 5 6 , 2 4 1 , 0 3 9 6 , 0 8 9 , 2 2 8 1 , 6 8 9 , 0 8 4 1 , 6 8 7 , 9 7 8 1 , 6 5 6 , 6 0 5 R e s e r v e b a l a n c e s w i t h F. R. Banks - - - - - - • Cash i n v a u l t - - — 164,964 707,397 66,659 702,173 6^,227 21,786 22,541 159,620 281,652 288,917 279,486 5,385,199 5,374,934 4f75,6l5 808,915 802,214 793,810 508,656 499,623 454,512 . 1,670,595 1,639,647 26,507 13,034,186 1 3 , 1 7 3 , 7 2 5 13,013,949 5 , H 9 , 9 8 6 5 , 1 5 7 , 7 4 8 5 , 1 8 5 , 7 3 4 1,144,123 1,173,263 1,171,409 - - - - - - - - - - - - Net demand d e p o s i t s - - - — 171,411 690,823 66,404 1,648,579 - - - - - - - • Government d e p o s i t s - - - - - - - - - - - - 3 i l l s p a y a b l e and r e d i s . w i t h F . R . Banks Secured by U. S. Government o b l i g a t i o n s - All o t h e r - - - - - - - - - - - - — - - - 200,jbO 201,145 135,670 49,995 49,995 20,499 12,947 12,947 16,096 168,731 100,969 161,575 110,839 97,083 32,228 30,922 5,864 4,238 2,965 15,615 39,150 6,228 16,560 6,240 35,562 , T o t a l b o r r o w i n g s from F. R. Banks - - 269,700 272,414 129,311 37,162 51,177 45,375 | 20,118 10,102 2,965 C. 3,558 • Released f o r p u b l i c a t i o n Friday afternoon, February 5, 192b; not e a r l i e r . st> 4g2gb PRINCIPAL RESOURCES AND LIABILITIES OF ALL REPORTING MEMBER BAKKS IN EACH FEDERAL RESERVE DISTRICT AS AT CLOSE OF BUSINESS, JANUARY 27 1926 (In thousands of d o l l a r s ) ' Federal Reserve D i s t r i c t Boston Be,v York Phila. Cleve. Men. Atlanta Chicago bt.Louis Minn. Ktos.Cy. Dallas San Fran. Total number of reporting banks 41 99 54 75 33 24 ft 49 66 717 ?1 jD 100 Loans and disccunts, g r o s s : ' ' : : : lElFETiH gjg ;:ii s! II ;£! ill ,i i §S i§ s;l is sI° Totax loans and discounts 1 ,.004,538 5,069,$72 Investments: U. S. Pre-war bonds 9,684 39567 U. S. Liberty bonds 84,847 615,420 U. S. Treasury bonds 18,571 195,508 U. S. Treasury notes 4,325 149,931 U. S. Treasury c e r t i f i c a t e s 19,102 41,678 Other .bonds, stocks and securities 214,653 1,119,032 Total investments 784,601 1,267,907 521,52$ 522,536 2,060,479 530,965 249,2]6 439,316 320,633 1,177,551 13,949,219 — 351,185 2,167,136 9,4s6 50,628 18,001 7,178 6,730 32,841 158,795 35,410 25,242 24,416 25,563 14,570 31,450 15,632 7,940 5,279 1,699 2,034 2,799 4,919 19,241 12,957 175,703 26 040 53,719 10 814 61,649 6[928 12,641 5 588 247,030' 344,386 62,415 54,021 443,344 105,500 339,053 621,093 131,896 96,755 ™ | | ,p *F ™ ™ :, m 7,374 26,954 12,102 18,510 6,923 8,533 57,249 17,608 16,070 3,812 17,439 19,932 4,617 5,159 4,094 24,751 140,042 51,405 20,352 23,255 222,606 1,405,725 433,977 319,080 155,957 41,529 77,136 766,297 170,827 113,392 180,708 24,227 75,468 204,102 463,910 2,940,375 5,477,720 m m a 3:1 as ,ss a ,$i a »:$ W1:S "SS 1:S''tS Total loans and investments 1,355,723 7,237,006 1,123,654 1,889,060 653,421 619,291 2,826,776 701,792 362,625 620,024 396,101 l , 6 4 l , 4 6 l 19,426 939 E E B i l l s payable and rediscounts with F. R, Bank: s e c u r e ^ „.S.5o,t.oMig. 1.7S5 6 6 . ^ ' J.230 ^ Ug;5g f . % 1,290 4,934 ^ 14,914 ^ BANKERS' BALANCES OF REPORTING MEMBER BANKS IN FEDERAL RESERVE BANK CITIES £ fronHsanks C. V• ^ »;»= * • * £ %
@FedFRASER