The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
STATEMENT FOR TED PRESS s t . 5260 F e d e r a l Reserve "Board, February 7, 1927. For immediate r e l e a s e CONDITION OF MSMFSH BMKS I " ISADI'TG CITIES The Federal Reserve Board 1 s c o n d i t i o n statement of 579 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 2, 1927, shewn i n c r e a s e s of *22,000,000 i n loans and. discounts, -^20,000,000 i n i n v e s t m e n t s , 303 .000,000 in net demt-jid d e p o s i t s and $26,000,000 i n borrowings from the F e d e r a l r e s e r v e banks. Member banks i n New York City r e p o r t e d i n c r e a s e s of $45,000,000 i n l o a n s and d i s c o u n t s , $5,000,000 i n i n v e s t m e n t s , $55,000,000 i n net demand d e p o s i t s and $15,000,000 i n borrowings from the Federal r e s e r v e bank. Loans on stocks and bonds, i n c l u d i n g TJ. S. C-overnment o b l i g a t i o n s , were $42,000,000 above t h e January 26 t o t a l , i n c r e a s e s of $37,000,000 i n t h e ITew York d i s t r i c t and $22,000,000 i n t h e Chicago d i s t r i c t b e i n g o f f s a t i n p a r t by r e l a t i v e l y small r e d u c t i o n s i n some of the o t h e r d i s t r i c t s , "Ml o t h e r " l o a n s and d i s c o u n t s d e c l i n e d $15,000,000 a t r e p o r t i n g banks i n the Cleveland d i s t r i c t and $14,000,GOO a t a l l r e p o r t i n g banks. T o t a l loans t o b r o k e r s and d e a l e r s , secured by stocks and bonds, made by r e p o r t i n g member b a r k s i n New York City were 62,000,000 below the p r e v i o u s week's f i g u r e , l o a n s f o r own ac.vor.nt having i n c r e a s e d $20,000,000, while l o a n s f o r o u t - o f - t o w n banks and f o r o t h e r s d e c l i n e d $2,000,000 and $20,000,000, r e s p e c t i v e l y . Holdings of bonds, s t o c k s and s e c u r i t i e s other t h a n U. S. Government s e c u r i t i e s increased $19,000,000, of which $9,000,000 and §7,000,000 was r e p o r t e d by banks i n the Chicago and >Tew York d i s t r i c t s , r e s p e c t i v e l y . Net demand d e p o s i t s i n c r e a s e d $63,000,000 i n t h e Iter/ York d i s t r i c t , $37,000,000 in the Chicago d i s t r i c t and $10,000,000 i n the Boston d i s t r i c t , and d e c l i n e d $10,000,000 and $8,000,000 i n the San F r a n c i s c o and Richmond d i s t r i c t s , r e s p e c t i v e l y . Time d e p o s i t s i n c r e a s e d about $11,000,000 each i n the Chicago, New York and Cleveland d i s t r i c t s and d e c l i n e d $33,000,000 i n the San F r a n c i s c o d i s t r i c t , the d e c l i n e b e i n g caused i n p a r t by one of the member banks becoming a branch of a nonmeniber bank. Borrowings from the F e d e r a l r e s e r v e banks were $26,000,000 above the January 25 t o t a l . Of t h i s i n c r e a s e $15,000,000 was i n the Hew York d i s t r i c t and $9,000,000 i n the San F r a n c i s c o d i s t r i c t . Beginning with t h i s week the statement shows amounts due from banks and amounts due t o banks by a l l r e p o r t i n g member banks i n each Federal r e s e r v e d i s t r i c t on the l a s t page of the s t a t e m e n t , i n s t e a d of amounts due from and due to banks by r e p o r t i n g member banks i n F e d e r a l r e s e r v e bank c i t i e s only. Amounts due from banks and amounts due to banks a r e a l s o shown on the second page of the statement f o r r e s o r t i n g member banks i n Hew York C i t y , i n Chicago, and f o r a l l r e p o r t i n g member banks. 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 the year ending February 2, 1$27, f o l l o w s : Increase or decrease Week Investments, t o t a l U. S. s e c u r i t i e s Other b o n d s , s t o c k s and s e c u r i t i e s Reserve b a l a n c e s with F. R. Banks Cash i n v a u l t . . 1 . . . . . C. $2,3,000,000 6,000,000 36,000,000 i4,ooo,ooo • 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 Total borrowings from F. R. Banks + + + Year 4- 20,000,000 4- 1,000,000 4- 19,000,000 4- 81,000,000 206,000,000 4- 287,000,000 - 4- 4- - 10,000,000 - 4- 93,000,000 4- 3,000,000 — . . . $252,000,000 14,000,000 — 12,000,000 4- 278,000,000 + - Cn 0 8 0 8 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 s t o c k s and bonds All o t h e r during 4- 26,000,000 — + - — 17,000,000 16,000,000 64,000,000 473,000,000 81,000,000 91,000,000 PRINCIPAL RESOURCES' 'X¥D LIABILITIES OF REPORTING MEcCBEH BAMS 13 LEADING CITIES ( I n thousands of d o l l a r s ) R e p o r t i n g member banks All r e p o r t i n g member banks i n ¥ew York City •J an. 26 Feb. 3 Feb. 2 J a n . 2o Feb. 2 Feb. 3 192b 1926 1927 1927 1927 1927 Mumber of r e p o r t i n g banks - - - - - Loans and d i s c o u n t 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 & bonds - - - - - All o t h e r l o a n s and d i s c o u n t s - - - - - T o tal loans and d i s c o u n t s Investments: S. Government s e c u r i t i e s - - Other b o n i s , s t o c k s and s e c u r i t i e s Total investments - - - - - - - - - Total l o a n s and i n v e s t m e n t s - - - - - - - Be serve "balances with F. R. Banks - - - - Cash i n v a u l t - - - - - - - - - - - - - - l e t 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 Due from banks Due t o banks 679 148,844 5,515 >462 8,563.891 14,228,197 681 716 j 54 54 46 45 45 12,481 56,13b 48,182 49,335! 17,392 162,965 : 12,955 142,903 642,666 615,267 5,479,668 5,527,610 1,988,161 1,961,985 2,221,476 | 663,378 689,802 684,769 8,577,48b 8,285,175 2,471,113 2,460,252 2,234,922 ! 693, 14,200,057 13,975,750 4,515,410 4,470,419 4 , 5 0 5 , 7 3 4 ' i , 3 7 0 , 4 Q 7 1,344,949 1,317,428 852,128 157,464 934,68 150,652 172,053 2,344,186 2,343,471 2,549,9o4j 854,353 210,814 219,684 813,467 199,714 3,215,435 3,196,258 2,928,212] 900,454 897,519 361,466 371,767 5,559,621 "57539"' 729"5T478T116 11,754,807 1,749,647 1,748,1511 377,148 19,787,818 19,739,786 19^53,866(6,270,217 6,220,066 6 , 2 5 3 , 8 8 5 ! 1 , 7 4 7 , 6 4 5 1,706,415 1,689,195 1,606,111 i , 6 3 5 , 44o|' 667,348 653,613 680,757' l 6 i , 7 i 4 167,683 169,700 1,652,129 268,177 274,2$ 57,052 59,1^2 64,7891 19,847 20,902 20,695 258,507 12,972,100 5,877,45s 119,734 . * 3,351,894 12,878,603 13,036,344 5,031,796 4,976,284 5,117,675)1,187,493 1,164,593 1,150,175 914,482 808,709 I 525,744 512,089 517,414 5,874,332 5,4O4,185 925,637 5,644 5,644 12,947 119,588 200,937 33,518 33,518 49,995! 96,690 93,851 100,711 1,100,362 1,041,363 1,109,749 B i l l s payable and r e d i s c o u n t s with F.E.Banks: 4o,6oo 114,165 127,436 213,769 19,950 89,872 Secured by U.S. Government o b l i g a t i o n s 100,392 3,940 . 8,319 5,376 82,939 95,337 All o t h e r - - - - - - - - - - - - - - - - 44,54o 28,269 95,248 I 222,773 197,104 314,161 T o t a l borrowings from F. S. Banks - - Loans 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 r e o o r t i n g 865,183 1,221,842 885,123 member banks i n 'Mew York City: For own account For account of out-of-town banks 1,123,780 1,125,713 1,280,143 For account of o t h e r s 741,044 590,012 721,098 2,730,001 2,731,940 3,091,997 2,050,325 2,047,95^ 2,138,682 On time 679,676 683,986 953,309 For immediate r e l e a s e "St. 5260a Reporting member banks i n Chicago Feb. 2 J a n . 2o Feb. 3 1926 1927 1927 l 4 i , 6 l l '*139,796 361,836 374,643 12,878 2,946 15,324 143,169 376,213 9,902 6,6l6 16,518 5,003 2,060 7,063 *Not a v a i l a b l e **Rovi sod figure3 s . • For immediate r e l e a s e S t . 52o0b PRINCIPAL RESOURCES AND LIABILITIES OF ALL REPORTING- MEMBER BANTS I N EACH FEDERAL RESERVE DISTRICT AS AT CLOSE OF B U S I N E S S , FEBRUARY 2 , 1 9 2 7 ( I n t h o u s a n d s of d o l l a r s ) F e d e r a l Reserve D i s t r i c t Boston New York Phila. Cleve. -iich. I t 1 a n t a Chicago S t . L o u i s Minn. Kans.Cy. D a l l a s San Fran. Total Number of r e nor t i n g banks 37 92 50 73 67 35 97 31 24 06 45 ^2 °79 Loans and d i s c o u n t s , g r o s s : Secured by U.S.Govt, o b l i g . Secured by s t o c k s & bonds All o t h e r l o a n s & d i s c o u n t s 8,180 59.057 342,734 2,291,244 642,481 2 , 8 1 4 , 6 7 5 10,777 417,542 375.20 2 T o t a l l o a n s and d i s c o u n t s 993,395 5,164,977 803,521 l , 3 4 l , 9 ^ 9 520,860 501,135 2 , 1 5 1 , 6 1 8 503,317 242,437 412,579 3 1 8 , 6 4 1 1 , 2 7 3 , 7 6 8 1 4 , 2 2 8 , 1 9 7 135,235 943,810 251,555 1 , 2 2 0 , 7 2 8 88,323 274,228 Investments: U.S. Government s e c u r i t i e s Other b o n d s , s t o c k s & s e c u r . Total investments T o t a l l o a n s and i n v e s t m e n t s 21,107 4,922 5,542 19,124 4,870 3,298 4,242 2,115 550,7&0 154,746 108,481 879,366 187,887 8 1 , 0 4 l 111,308 74,719 770.08 2 361,192 387.112 1 , 2 5 3 , 1 2 8 310.560 158',093 297,029 24-1,807 • 2o0,314 360,570 65,646 69,825 38,090 58,409 288,113 67,858 4 6 l , 0 0 1 118,360 65,316 102,538 49,821 94,123 48,412 22,696 . 5,610 315.°34 952,524 240,531 234,119 . . 148,844 5,515,4o2 8,563.891 r 2,344,l8o 3,215,435 386,790 2,164,538 362,551 620,884 135,471 96,499 7 4 9 , l i 4 186,218 115,137 196,661 71,108 474,650 5 , 5 5 9 , 6 2 1 1 , 3 8 0 , 1 8 5 7 , 3 2 9 , 5 1 5 1,166,072 1 , 9 6 2 , 8 3 3 656,331 597,634 2 , 9 0 0 , 7 3 2 689,535 357.574 609,240 389,749 1 , 7 4 8 , 4 1 8 1 9 , 7 8 7 , 8 1 8 Reserve b a l a n c e s With F.R.Bk. Cash i n v a u l t 101,290 19,542 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 916,638 5,608,017 423,784 1 , 3 7 6 , 7 0 7 12,270 36,206 775,454 1 , 0 3 2 , 3 0 6 384,916 341,985 1 , 7 6 0 , 7 6 4 '101,205 211,821 493,572 270,221 250,039 8 3 3 , 2 3 2 212,125 2 2 9 , 2 4 7 , 1 , 0 5 7 , 5 8 3 231,504 123,294 147,205 1 0 3 , 2 2 3 17,036 10,176 3,443 7>6ll 11,645 3,082 66l 1,697 3,977 775.201 1 2 , 9 7 2 , 1 0 0 889,515 5 , 8 7 7 , 4 5 8 11,930 119,734 Due from b a n k s Due t o b a n k s 6o,5ll l42,169 155,013 1 , 1 5 6 , 6 8 8 68,454 188,273 127,381 249,083 .. -3,351,894 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 . 1 , 4 7 1 All other 10,369 Total borrowings from F. R. Bank n ii,84o 733,249 71,131 84,844 15,187 152,402 29,4n 43,246 13,271 40,50b 10,735 . * 6o,399 77,921 262,162 114,898 118,873 238,074 43,677 44,138 7.332 233,618 69,051 514,077 153,336 20,513 5,487 57,055 11,730 28,720 10,018 53,167 135,229 9 6 , 6 1 2 94,779 232,048 1 1 2 , 6 6 4 108,092 20,986 1,652,129 258,507 47,820 4,803 5,705 3,706 17,521 19,4OO 3,092 6,644 7 il,4i6 32,328 17,403 815 1,247 35 1,026 2,14-7 2,192 780 1,433 15,715 15,698 127,436 95,337 52,623 9,4n 36,921 9 ,7 3 6 11,423 49,731 2,062 1,061 4,339 2,213 31,413 222,773 *Hot a v a i l a b l e .
@FedFRASER