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STATEMENT FOR THE PRESS Released f o r p u b l i c a t i o n Friday afternoon, Jan. 1; not e a r l i e r . S t . 4784 F e d e r a l Reserve Board, December j l , 1$2$. CONDITION OF MEMBER BANKS IN LEADING CITIES The F e d e r a l R e s e r v e B o a r d 1 s s t a t e m e n t of c o n d i t i o n of 7^9 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 December 23 snows an i n c r e a s e d u r i n g t n e week of $ 4 9 , 0 0 0 , 0 0 0 i n l o a n s and d i s c o u n t s and a d e c l i n e of $ 4 1 , 0 0 0 , 0 0 0 i n i n v e s t m e n t s . These changes were accompanied by a r e d u c t i o n of $ 1 9 3 , 0 0 0 , 0 0 0 i n n e t demand d e p o s i t s and i n c r e a s e s of $ 2 3 , 0 0 0 , 0 0 0 and $127,000,000, r e s p e c t i v e l y , i n time d e p o s i t s and borrowings f r o m the F e d e r a l r e s e r v e b a n k s . Member banks i n New York C i t y r e p o r t e d an i n c r e a s e of $97>000,000 i n l o a n s and d i s c o u n t s and a d e c l i n e of $34,000,000 i n i n v e s t m e n t s , t o g e t h e r w i t h i n c r e a s e s of $ 1 6 , 0 0 0 , 0 0 0 i n time d e p o s i t s and $ 7 9 , 0 0 0 , 0 0 0 i n borrowings f r o m t h e F e d e r a l r e s e r v e bank. Loans on U. S. Government s e c u r i t i e s i n c r e a s e d $ 6 , 0 0 0 , 0 0 0 , of which $4,000,000 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 . Loans on c o r p o r a t e s t o c k s and bonds went up $ 9 0 , 0 0 0 , 0 0 0 , the l a r g e r i n c r e a s e of $ 1 0 5 , 0 0 0 , 0 0 0 shown f o r the New York d i s t r i c t b e i n g p a r t l y o f f s e t by small r e d u c t i o n s i n the P h i l a d e l p h i a , Cleveland and Kansas C i t y d i s t r i c t s . All 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 a t banks i n a l l d i s t r i c t s except C l e v e l a n d , Richmond and D a l l a s * The p r i n c i p a l r e d u c t i o n s i n t h i s i t e m were $13,000,000 i n t h e Chicago d i s t r i c t , $12,000,000 i n t h e New York d i s t r i c t and $ 1 0 , 0 0 0 , 0 0 0 i n the Kansas C i t y d i s t r i c t . I n v e s t m e n t s i n U. S. Government s e c u r i t i e s were $ 6 2 , 0 0 0 , 0 0 0 l e s s t h a n a week ago. Of t h i s d e c r e a s e $ 4 0 , 0 0 0 , 0 0 0 was r e p o r t e d by banks i n the Na* York d i s t r i c t , and $Q,000,000 and $ 6 , 0 0 0 , 0 0 0 by banks i n t h e Cleveland and San F r a n c i s c o d i s t r i c t s , r e s p e c t i v e l y . Holdings of o t h e r bonds, s t o c k s and s e c u r i t i e s went up $ 2 1 , 0 0 0 , 0 0 0 , of which $ 1 0 , 0 0 0 , 0 0 0 was r e p o r t e d by banks i n t h e Chicago district. Net demand d e p o s i t s f e l l o f f $ 1 9 8 , 0 0 0 , 0 0 0 , r e d u c t i o n s b e i n g r e p o r t e d f o r all districts. 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 $ 4 9 , 0 0 0 , 0 0 0 , San F r a n c i s c o $ 2 ^ , 0 0 0 , 0 0 0 , and Boston and P h i l a d e l p h i a $ 2 7 , 0 0 0 , 0 0 0 each. Time d e p o s i t s went up $ 2 3 , 0 0 0 , 0 0 0 , of. which $17,00 0,000 was a t banks i n t h e New York d i s t r i c t . The p r i n c i p a l changes i n borrowings f r o m the F e d e r a l r e s e r v e banks i n c l u d e i n c r e a s e s of $ 7 9 , 0 0 0 , 0 0 0 i n t h e New York d i s t r i c t , $ 2 3 , 0 0 0 , 0 0 0 i n t h e Boston d i s t r i c t , and $ 9 , 0 0 0 , 0 0 0 and $ 8 , 0 0 0 , 0 0 0 i n t h e Richmond and Chicago d i s t r i c t s , r e s p e c t i v e l y , and a r e d u c t i o n of $10,000,000 i n t h e C l e v e l a n d d i s t r i c t . A summary of changes 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 the y e a r e n d i n g December 23, 1925, f o l l o w s : Increase Loans and d i s c o 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 Secured by s t o c k s and bonds , . All o t h e r Investments, t o t a l . . . . . . . . U. S. 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 Reserve b a l a n c e s w i t h F. R. Banks . 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 v a c a i r ; Total accommodation a t F. R. Banks or decrease during + + + - Week $49,000,000 6,000,000 90,000,000 47,000,000 - 4 i , 000,000 - 4 8 , 0 0 0 , COO + + 21,000,000 27,000,000 34,000,000 + 13,000,000 199,000,000 47,000,000 33,000,000 37,000,000 27,000,000 + 198,000,000 23,000,000 + + 19,000,000 494,000,000 + 322,000,000 + - - 4,000, coo 18,000,000 + 127,000,000 Year +$1,095,000,000 + + + + + + 22,000,000 961,000,000 156,000,000 106,000,000 88,000,000 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 , J a n u a r y 1, 192o; not e a r l i e r . S t , 4yg4a PRINCIPAL RESOURCES AND 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 ) 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 New York City Dec. 2] Dec. l 6 Dec. 24 Dec. 23 Dec. 16 j Dec. 24 1924 1925 1925 1924 1925 1925 |! 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 by 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 - - - - - - - Investments: U* S. P r e - w a r bonds - - - - - - - IL S. L i b e r t y bonds IL S. T r e a s u r y bonds - - - - - - UU • 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 - - - - 168,415 5,511,818 8,388,733 738 61 61 196,273 56,342 51,699 4,641,014 2,274,383 2,168,111 8,185,530 2,263,912 2,277,536 lU,117,607 14,068,966 13,022,817 4,594,637 4,497,346 - - - - - - - - - - - - - 223,449 1,357,155 441,394 371,858 197,447 2,891,090 261,492 1,411,933 369,737 523,186 133,390 2,878,369 - 5,471,711 5,512,393 5,578,107 1 , 7 0 8 , 5 6 0 1 , 7 4 2 , 5 0 3 - T o t a l l o a n s and i n v e s t m e n t s - - - - Reserve b a l a n c e s w i t h F. R. Banks - - - - - - - - - - - - Net demand d e p o s i t s - - - - - - - - - - - - Time d e p o s i t s - - - - - - - - - - - 174,240 5,602,044 8,3^1,323 721 224,153 1,388,316 443,251 324,067 180,055 2,911,869 Total investments Cash i n vaul t - - - - - - - - - - 719 29,791 507,86b 189,869 146,526 39,534 795,174 29,764 506,310 192,159 185,424 38,119 790,707 67 73,363 1,970,909 2,305,487 326,694 333,491 93,465 78,697 13,063,497 13,261,037 13,044,529 5,188,575 5,189,044 46 16,893 645,468 682,507 46 18,598 639,590 686,393 46 24,686 509,117 712,462 4,349,759 1,344,868 1,344,581 1,246,265 42,001 553,768 161,312 212,545 57,781 859,839 1,887,249 19,589,318 19,581,359 18,600,924 6,303,197 6,239,849 6,237,005 1,662,903 1,690,215 1,700,338 769,414 720,835 703,507 360,893 R e p o r t i n g member banks i n Chicago Dec. 23 Dec. 16 | Dec. 24 1925 j 1924 1925 3,364 106,924 16,340 47,244 3,095 198,692 2,850 105,544 16,256 49,309 4,671 192,012 4,088 82,510 23,261 77,674 12,941 211,206 375,659 370,642 411,680 1,720,527 1,715,223 1,657,945 159,767 179,184 169,161 26,366 34,202 29,197 5,345,202 1,154,458 1,174,229 1,163,120 85,868 - - - - - 5,305,071 5,284,937 4,814,435 797,432 781,093 804,23O 507,213 503,519 449,412 Government d e p o s i t s - - - - - - - - - - - - - 257,315 257,581 169,195 63,401 63,401 26,457 15,427 15,427 17,069 B 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 - - - - - - - - - - - - — - - 324,375 222,280 246,938 172,566 155,364 68,893 121,765 27,328 41,965 27,869 68,690 20, 626 24,154 19,812 24,485 17,864 4,055 617 T o t a l b o r r o w i n g s f r o m F. R. Banks - - - - 546,655 419,504 224,257 149,093 69,834 89,316 43,966 42,349 4,672 C. 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 , January 1, 1926; not e a r l i e r . S t . 4784b. PRINCIPAL RESOURCES AND LIABILITIES OF ALL REPORTING MEMBER BANKS IN EACH FEDERAL RESERVE DISTRICT AS A I CLOSE OF BUSTNESS — — Federal Reserve D i s t r i c t 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 by U.S. Govt. o b l i g . Secured by stocks & bonds All o t h e r l o a n s & d i s c o u n t s 1 4l 11,28? 61,252 343,325 2,533,811 656,399 2,583,615 Total l o a n s and d i s c o u n t s 1,011,011 5,178,678 Investments: U. S. Pre-war bonds 9,660 40,477 U. S. l i b e r t y bonds £5,467 598,959 U. S. Treasury bonds 18,782 205,349 U. S. Treasury n o t e s 4,536 153,054 VLL S. Treasury c e r t i f i c a t e s 22,059 41,636 Other bonds, s t o c k s and securities ^l^LL°94j4^7 Total investments 353,586 2,134,422 .Reserve, b a l a n c e s w i t h F.R.Bk. 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 payable and r e d i s c o u n t s with F. R. Bank: Secured by U.S.Govt. o b l i g . All other 94,457 776,426 27,099 114,213 555,731 5,747,872 396,915 1,184,040 23,603 72,790 Due to banks Due from banks 119,444 1,023,624 35,719 96,392 C. 10,440 26,216 i n thousands of d o l l a r s ) Atlanta 54 36 New York 101 158,226 33,178 ~ Chicago 100 33 ' Minn. Kans.Cy. D a l l a s 24 67 49 DECEMBER 23,1925. San Fran. 67 Total 719 12,080 395,448 358,717 21,570 6,302 8,417 24,629 10,706 2,399 4,089 3,327 8,182 174,240 498,799 145,102 92,982 852,508 208,925 71,046 108,937 78,061 273,100 5,602,044 760,487 379.980 %:si6 1^222 alofaoo 916,058 8,341,323 766,245 1,280,856 531,384 529,81s 2,096,468 5 2 2 , l 4 l 245,667 4 3 3 , 4 n 321,588 1,197,340 14,117,607 9,488 48,902 18,128 7,255 10,534 252,445 346,752 79,159 22,921 755,442 205,580 23,742 32,930 163,394 34,807 25,979 27,325 25,564 29 , 585 8,058 1,762 4,077 14,881 16,799 5,967 2,048 7,352 348,959 61,164 52,972 633,454 130,210 100,019 19,008 180,012 53,184 60,640 15,765 2 ii:i% 26,759 7,529 7,071 26,6l6 12,477 18,519 8,976 5,983 50,999 16,457 14,247 3,898 431,932 110,139 42,657 77,799 760,541 170,035 116^316 1 7 2 ^ 8 3 *>>>» I m s o 12,957 23,399 10,703 6,849 6,038 ^ *,:<» ^ t i i " alius 12,901 S 31,375 j S % : g i 7,303 6,078 ^ U - M » 2,426 17,905 18,634 6,573 5,843 6,289 25,229 145,550 52,206 23,335 26,106 224,153 1,388,316 443,251 324,067 180,055 23,717 78,961 202,556 474,982 2.911.869 5,471,711 1 , 6 7 2 , 3 2 2 19,589,318 110,599 1 , 6 6 2 , 9 0 3 24,545 360,898 799,680 13,063,497 784,728 5,308,071 9,319 32,990 257,315 17,250 9,268 31,291 13,077 6,529 47,631 4,407 875 4,552 2,934 36,590 20,602 18,879 30,687 12,326 1,265 4,967 5,700 BANKERS' BALANCES OF REPORTING MEMBER BANKS IN FEDERAL RESERVE BANK CITIES ^ i l ' S WiM 2526:2ii 27,163 22,602 324,375 222,280 102,914 53,138 2,155,564 598,189 ll-Ml
@FedFRASER