View original document

The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.

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