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STATEMENT FOR T*E PRESS S t . 4422 F e d e r a l Reserve Board, F e b r u a r y 5, 1925* Releasee! 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. 6; not e a r l i e r . CONDITION OF MEMBER BANKS IN LEADING CITIES A g g r e g a t e r e d u c t i o n s of- $ 9 5 , 0 0 0 , 0 0 0 i n l o a n s and i n v e s t m e n t s and of $ 1 2 9 , 0 0 0 , 0 0 0 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 of $ 6 4 , 0 0 0 , 0 0 0 i n b o r rowings 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 , a r e shown i n t h e F e d e r a l R e s e r v e « o a r d ' s weekly 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 J a n u a r y 28 Of 1 % member banks i n leading c i t i e s . T o t a l l e a n s and d i s c c u n t s show a r e d u c t i o n of $ 3 5 , 0 0 0 , 0 0 0 , an i n c r e a s e of $ 7 , 0 0 0 , 0 0 0 i n l e a n s on c o r p o r a t e s e c u r i t i e s b e i n g mere t h a n o f f s e t by d e c r e a s e s of - 1 1 , 0 0 0 , 0 0 0 i n l e a n s on U. S. Government s e c u r i t i e s and of $ 3 1 , 0 0 0 , 0 0 0 i n "All - • f h e r , " l a r g e l y commercial, l o a n s and d i s c o u n t s . All c l a s s e s of i n v e s t m e n t s show d e c l i n e s f o r t h e week; U. S . bonds by $ 1 8 , 0 0 0 , 0 0 0 , T r e a s u r y n o t e s by $ 1 0 , 0 0 0 , 0 0 0 , T r e a s u r y c e r t i f i c a t e s by $ 2 6 , 0 0 0 , 0 0 0 anr* c o r p o r a t e s e c u r i t i e s by $ 6 , 0 0 0 , 0 0 0 , Member banks i n New York C i t y r e p o r t a n i n c r e a s e of $ 9 , 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 and d e c r e a s e s of $ 9 , 0 0 0 , 0 0 0 in l o a n s on U. S. Government s e c u r i t i e s and of $ 4 6 , 0 0 0 , 0 0 0 i n " A l l o t h e r " l o 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 of U . S . bonds were reduced by $ 1 9 , 0 0 0 , 0 0 0 , T r e a s u r y n o t e s by $ 9 , 0 0 0 , 0 0 0 , C e r t i f i c a t e s of i n d e b t e d n e s s by $ 2 6 , 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 by $ 1 6 , 0 0 0 , 0 0 0 . Of t h e a g g r e g a t e r e d u c t i o n of $ 1 2 9 , 0 0 0 , 0 0 0 i n n e t demand d e p o s i t s , $ 9 1 , 0 0 0 , 0 0 0 was r e p o r t e d by banks i n t h e New York d i s t r i c t , $ 1 9 , 0 0 0 , 0 0 0 by banks i n t h e u h i c a g o d i s t r i c t and $ 9 , 0 0 0 , 0 0 0 by banks i n t h e B o s t o n d i s t r i c t . Time d e p o s i t s show a n e t d e c l i n e of $ 6 , 0 0 0 , 0 0 0 , t h e New York C i t y banks r e p o r t i n g a d e c l i n e of $ 1 1 , 0 0 0 , 0 0 0 in t h i s item. R 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 members were i n c r e a s e d by $ 3 8 , 0 0 0 , 0 0 0 , w h i l e t h e i r c a s h i n v a u l t shows a r e d u c t i o n of $ 7 , 0 0 0 , 0 0 0 . The New York C i t y ™®™bers r e p o r t an i n c r e a s e of $ 3 1 , 0 0 0 , 0 0 0 i n r e s e r v e b a l a n c e s and a d e c r e a s e of $1,vUU,00U in cash. Borrowings 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 from t h e F e d e r a l r e s e r v e banks went up $ 6 4 , 0 0 0 , 0 0 0 and l i k e b o r r o w i n g s of t h e New York C i t y banks went up $37,0OO,UOU. , A summary of c h a n g e s 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 y e a r e n d i n g J a n u a r y 28, 1925, 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 IsgES&tt:::::"||§ ; Investments, ^ t o t a l ' . ] [ : : I^OOO'.OOO t ^S^OOO'.OO. H SiSse-^:: : IEE : SEE :i:KX : "SgS 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 + Government d e p o s i t s T o t a l accommodation a t F . R. Banks c. 1 ' * ^OOO'OOO - 144,000,000 ' • . . . . + 64,000,000 S t . 4422a 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 6 , 1925; not e a r l i e r . • PRINCIPAL RESOURCES AMD LIABILITIES OF REPORTING MEMBER BAKXS IN LEADING CITIES ( 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 g member banks i n A l l r e p o r t i n g member banks New York C i t y J a n . 30 J a n . 21 J a n . 28 J a n . 30 J a n . 21 J a n . 28 1924 1925 1924 1925 1925 1925 Number of r e p o r t i n g banks . . . . . . 736 736 760 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 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 - - - 181,332 4,693,436 g,176,652 192,355 4,686,798 8,207,860 214,289 3,862,865 7,806,435 T o t a l l o a n s and, d i s c o u n t s - - - - 13,051,420 1 3,087,013 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 - - - O t h e r bonds, s t o c k s and s e c u r i t i e s 261,018 1,394,042 365,913 510,421 124,624 2,832,427 260.709 67 67 67 R e p o r t i n g member banks i n Chicago J a n . 30 J a n . 21 J a n . 28 1924 1925 1925 46 46 48 26,066 28,319 449,355 640,206 1,951,085 2,276,797 68,970 1,941,911 2,322,920 65,800 1,453,883 2,198,195 514,512 714,980 25,523 517,008 714,562 11,883,589 4,287,904 4,333,801 3,717,878 1,255,558 1,257,093 1,117,880 42,595 538,023 132,248 42,597 541/425 153.580 38,101 395,197 16,050 4,067 4,066 5b,7H 814,021 82,640 829,683 21,165 554,379 73,600 11.603 201,976 81,369 28,519 74,557 10,996 2,838,135 269.844 1,012,648 79,108 822,613 104,802 2,190,901 200,021 4,211 42,787 5,090 80,454 14,105 157,659 5,488,445 5,547,808 4,479,916 1,801,324 1,870,815 1,447,634 401,047 399,528 304,306 T o t a l l o a n s and i n v e s t m e n t s - - 18,539,865 18,634,821 16,363,505 6,029,228 6,204,616 1,656,605 1,656,621 1,42=-, 186 Reserve b a l a n c e s w i t h F. R. Banks - - 1,639,647 1,425,331 702,173 670,832 159,620 170,595 145,433 279,486 1,602,152 286,092 5,165,512 600,902 272,966 64,227 64,864 64,447 26,507 28,386 27,600 13,013,949 13,143,171 11,239,097 5,185,734 5,267,842 4,337,217 1,171,409 1,183,392 1,011,381 4,862,857 4,868,758 4,097,307 793,810 804,960 583,428 454,812 454,119 371,815 135,670 135,454 138,719 20,499 20,499 37,746 16,096 16,096 6,881 97,083 32,228 39,568 25,474 152,693 120,421 39,150 7,350 57,550 2,965 6,228 1,011 870 173 3,307 643 129,311 65,042 273,114 45,378 8,361 58,571 2,965 1,043 3,950 Total investments - - - - - - - - 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 - - - - - - - - B i l l s p a y a b l e & red i s . w i t h F.R.Banks: Secured by U.S.Govt, o b l i g a t i o n s All o t h e r ————————————— T o t a l b o r r o w i n g s f r o m F.R.Banks 1,402,629 375,472 520,150 150,713 60,022 211,726 220,290 422,742 1,021 81,276 28,525 Released f o r p u b l i c - t i c h F r i d a y a f t e r n o o n , F e b r u a r y 6, 1925; n o t eftrlifc ~ PRINCIPAL RESOURCES AND LIABILITIES OF ALL REPORTING MEMBER BANKS IN EACH FEDERAL RESERVE DISTRICT AS AT CLOSE On BUSINESS, JAN JAR f 2 8 , 1 9 2 5 . Federal Reserve D i s t r i c t Boston Number of r e p o r t i n g banks 42 New York Phila. 108 55 ( i n t h o u s a n d s of d o l l a r s ) Cleve. Rich. Atlanta 76 75 36 Chicago S t . L o u i s 100 33 Sz,5:1=1 itS sll 1:1 SI S:1 il Minn. 25 Kans.Cy. D a l l a s San F r a n . 71 ^9 66 Total 736 1:1 il S:§ II S:l T o t a l l o a n s an<i d i s c o u n t , 961,052 4,804,961 675,574 1 , 1 6 4 , 4 2 2 4 7 7 , 1 3 4 4 4 6 , 7 3 0 1 , 9 3 7 , 4 7 4 513,345 269,060 4 4 0 , 6 5 0 303,580 1 , 0 5 7 , 4 3 8 1 3 , # 1 , 4 2 0 St 194,097 1 , 0 8 1 , 1 0 1 359,502 348,920 63,645 41,828 419,976 1 0 4 , 6 6 5 72,147 21,535 188,360 2,832,427 316,407 2 , 2 1 2 , 5 6 1 378,018 662,966 135,070 73,529 7 7 3 , 7 8 1 1 6 7 , 3 7 5 1 0 5 , 4 5 2 162,029 71,654 429,603 5,488,445 111 1 1 1 1 1 1 S i l l 11II !1E" HI i - I i i S l l f l l I'll Murines' °0kS Total i n v e s t m e n t . Total l o a n s & investments 36,651 1 , 2 7 7 , 4 5 9 7 , 0 1 7 , 5 2 2 1 , 0 5 3 , 5 9 2 1 , 8 2 7 , 3 8 8 6 1 2 , 2 0 4 5=0,259 2 , 7 1 1 , 2 5 5 680,720 374,512 602,679 375,234 1 , 4 8 7 , 0 4 1 1 8 , 5 3 9 , 8 6 5 iKl?"' IS S B i l l s p a y a b l e and r e d i s c o u n t s 'S ts «g "•« '§ * » s BANKERS' BALANCES OF REPORTING MEMBER BANKS IN FEDERAL RESERVE BANK CITIES / ® ss