Full text of H.4.2 Weekly Consolidated Condition Report of Large Commercial Banks in the United States : January 14, 1929

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For immediate r e l e a s e

STATEMENT FOB. THE PRESS
„

S t . 6o46
Federal Reserve Board,
J a n u a r y 14, 1 9 2 9 /

CONDITION OF m C L Y REPORTING MEMBER BANKS IN IS1DHS-C-LTIES
The F e d e r a l R e s e r v e B o a r d ' s c o n d i t i o n s t a t e m e n t of weelily r e p o r t i n g member
banks i n 101 l e a d i n g c i t i e s on J a n u a r y 9 shows an i n c r e a s e f o r t h e week of
$ 4 2 , 0 0 0 , 0 0 0 i n i n v e s t m e n t s , a n d d e c r e a s e s of $478,000,000 i n l o a n s , of $375>000,000
i n n e t demand d e p o s i t s , of $ 2 7 5 , 0 0 0 , 0 0 0 i n b o r r o w i n g s f r o m F e d e r a l r e s e r v e b a n k s ,
and of $ 5 6 , 0 0 0 , 0 0 0 i n Government d e p o s i t s *
Loans on s e c u r i t i e s were $379>000,000 below t h e J a n u a r y 2 t o t a l a t a l l r e p o r t i n g b a n k s , a d e c l i n e of $ 3 7 7 , 0 0 0 , 0 0 0 b e i n g r e p o r t e d by member b a n k s i n t h e New
York d i s t r i c t .
"All o t h e r " l o a n s d e c l i n e d $75,000,000 a t r e p o r t i n g banks i n the
New York d i s t r i c t and $ 9 9 , 0 0 0 , 0 0 0 a t a l l r e p o r t i n g b a n k s .
H o l d i n g s of U. S. Government s e c u r i t i e s i n c r e a s e d $ 2 3 , 0 0 0 , 0 0 0 a t r e p o r t i n g
banks i n t h e New York d i s t r i c t , $ l 4 , 0 0 0 , 0 0 0 i n t h e Boston d i s t r i c t , and $47,000*000
a t a l l r e p o r t i n g b a n k s , while h o l d i n g s of o t h e r b o n d s , s t o c k s , a n d s e c u r i t i e s i n c r e a s e d $ 7 , 0 0 0 , 0 0 0 i n t h e New York d i s t r i c t , and d e c l i n e d $ 1 0 , 0 0 0 , 0 0 0 i n t h e C l e v e l a n d d i s t r i c t and $ 5 , 0 0 0 , 0 0 0 a t a l l r e p o r t i n g b a n k s .
N e t demand d e p o s i t s , which a t a l l r e p o r t i n g b a n k s were $375>000,000 below t h e
J a n u a r y 2 t o t a l , d e c l i n e d $ 3 0 6 , 0 0 0 , 0 0 0 a t r e p o r t i n g b a n k s i n t h e "Tow York d i s t r i c t ,
$ 4 1 , 0 0 0 , 0 0 0 i n t h e Chicago d i s t r i c t , a n d $ 2 9 , 0 0 0 , 0 0 0 i n t h e Boston d i s t r i c t , and
i n c r e a s e d $ 1 5 , 0 0 0 , 0 0 0 i n t h e P h i l a d e l p h i a , d i s t r i c t . Time d e p o s i t s i n c r e a s e d
$ 1 6 , 0 0 0 , 0 0 0 i n t h e Chicago d i s t r i c t , and d e c l i n e d $ 2 2 , 0 0 0 , 0 0 0 i n t h e New York d i s t r i c t and $ 1 6 , 0 0 0 , 0 0 0 a t a l l r e p o r t i n g b a n k s .
The p r i n c i p a l c h a n g e s i n b o r r o w i n g s f r o m F e d e r a l r e s e r v e b a n k s f o r t h e week
were d e c l i n e s of $ 2 0 8 , 0 0 0 , 0 0 0 a t t h e F e d e r a l Reserve Bank of New York, of
$ 4 9 , 0 0 0 , 0 0 0 a t C h i c a g o , of• $ 8 , 0 0 0 , 0 0 0 a t Richmond and of $ 7 , 0 0 0 , 0 0 0 each a t B o s t o n ,
P h i l a d e l p h i a , and Kansas C i t y , and an i n c r e a s e of $ 1 2 , 0 0 0 , 0 0 0 a t San F r a n c i s c o .
B e g i n n i n g w i t h t h e s t a t e m e n t f o r t h i s week t h e l o a n f i g u r e s cxcludo " a c c e p t a n c e s of o t h e r b a n k s and b i l l s of exchange or d r a f t s s o l d w i t h e n d o r s e m e n t " and
i n c l u d e a l l r e a l e s t a t e m o r t g a g e s and mortgage l o a n s h e l d by t h e b a n k s . H e r e t o f o r e
a c c e p t a n c e s of o t h e r banks a n d b i l l s s o l d w i t h endorsement have b e e n i n c l u d e d w i t h
l o a n s , and some of t h e b a n k s h a v e i n c l u d e d mortgages i n i n v e s t m e n t s . The f i g u r e s
have a l s o : , been r e v i s e d to e x c l u d e a bank i n t h e San F r a n c i s c o d i s t r i c t , w i t h
l o a n s and i n v e s t m e n t s of $ 1 3 5 , 0 0 0 , 0 0 0 on J a n u a r y 2, which r e c e n t l y merged w i t h a
nonmember b a n k . Weekly and monthly f i g u r e s f o r 1$27 and 1928, r e v i s e d on t h e above
b a s i s , w i l l a p p e a r i n t h e J a n u a r y F e d e r a l R e s e r v e B u l l e t i n . A l l f i g u r e s shown i n •
t h e a t t a c h e d s t a t e m e n t a r e i n m i l l i o n s , i n s t e a d of i n t h o u s a n d s a s h e r e t o f o r e .
A summary of 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 weekly r e p o r t i n g member
b a n k s , t o g e t h e r w i t h changes d u r i n g t h e week a i d t h e y e a r e n d i n g J a n u a r y 9, 1929,
follows;
( i n m i l l i o n s of d o l l a r s )
Increase or decrease durii
Jan. 9
Week
Year
1929
Loans and i n v e s t m e n t s - t o t a l

22,292

-

436

+ 744

Loans - t o t a l

16,366

-

478

+

879

+

575
303
135
93
228

On s e c u r i t i e s
All other

7,264
9,102

Investments - t o t a l
U.S. Government s e c u r i t i e s
Other s e c u r i t i e s

5,926
3,016
2,910

- 379
99
+ 42
+ 47
5

Reserve w i t h F . R. Banks
Cash i n v a u l t

1,765

-

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
Due f r o m banks
Due t o b a n k s
Borrowings f r o m F . R. Banks

C.


271

13,608
6,896
ill

1,190

3,318
655

-

-

-

94
21

375

l6
56
191

322
275

•

+

+

—

61

11
469
+ 342
13
58
- 437
+ 342
-

*-

F e d e r a l R e s e r v e Board,
J a n u a r y l 4 , 1929.

For immediate r e l e a s e

CONDITION Of WEEKLY REPORTING m S E E BA'TKS I1T (MOHAI, R2S5RVE CITIES
( i n m i l l i o n s of d o l l a r s )
Jan. 9
•1929

Jan. 2
1929

J a n . 11
1928

Loans and i n v e s t m e n t s - t o t a l

7,262

7,6/5

7,048

Loans - t o t a l

5.^51

5,sss

5,175

2,357
2,594

3,227
2,661

: . 2,6.6.7
2,507

1,811

1,787

1,874

1,089
722

1,063
723

1,048
826

756
59

S45
65

797
60

Het 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

5,407
1,202
30

5,682
1,230
45

5,636
1,095
37

Due from b a n k s
Due to banks

119
1,213

l44
1,405

106
1,384

202

399

117

1,163
1,794
2,356

1,516
1,64s
2,160

1,321
1,503
996

5,313

5,330

3,820

4,74s
565

4,780
550

2,974
846

Loans and i n v e s t m e n t s - t o t a l

2,073

2,089

2,003

Loans - t o t a l

1,61s

1,632

1,508

53s
780

859
773

S05
704

- - i2I

494

On s e c u r i t i e s
All other
Investments - t o t a l
U. S. Government s e c u r i t i e s
Other s e c u r i t i e s
Reserve w i t h F . R. "bank
Cash i n v a u l t

Borrowings f r o m F . R. t a n k
Loans on s e c u r i t i e s t o b r o k e r s and d e a l e r s :
. For own a c c o u n t
For a c c o u n t of o u t - o f - t o w n "banks
For a c c o u n t of o t h e r s
Total
On demand
On time
CHICAGO

On s e c u r i t i e s
A l l other
Investments - t o t a l
U. S. Government s e c u r i t i e s
Other s e c u r i t i e s
R e s e r v e ",1th f . R. Bank
Cash i n v a u l t
Net demand d e p o s i t s
^ime d e p o s i t s
Governmen t d e p o s i t s
Due from b a n k s
Due to b a n k s
Borrowings f r o m F . R. Bank



197
25s

201 •
256

226
268

is 5
19

183
21

192
21

1,265
6SS
3

1,300
676
5

1,336
639
6

34i

182
357

143
372

57

81

31

i44

(St. 6o46a)
(Revised)

For iiximeditx^e r e l e a s e

•-

S t . 6o46"b

ERHCIPAL RESOURCES A1TD LIABILITIES OF WEEKLY REPORTING MEMBER BAHKS 1ST EACH EBUERAL RESERVE DISTRICT OE JMUARY 9 , 1929.
( i n m i l l i o n s of d o l l a r s )
Federal
Total

Boston

Loans and i n v e s t m e n t s - t o t a l

22,292

1,483

8,485

Loans - t o t a l

16,366

1,122

7,264
9,102

On s e c u r i t i e s
All other
Investments - t o t a l
U. S. Govt, s e c u r i t i e s
Other s e c u r i t i e s
R e s e r v e v/ith F . R. Bank
Cash i n v a u l t
Not demand d e p o s i t s
Time d e p o s i t s

Government deposits

Due from "banks
Dae to "banks
B o r r o w i n g s f r o m F . R . Bank

C



Reserve

District
Sti-nn. jlCans.Cy. D a l l a s

San F r a n .

Cleve,

Rich.

1,242

2,170

680

539

3,335

73b

389

b73

496

1,959

6,356

900

1,476

522

503

2,581

530

260

443

36l

1,312

456
667

3,273
3,083

501
399

683
794

190
332

138
365

1,120
i,46i

232
29s

75
185

121
322

98
263

379

5,926

360

2,129

343

694

158

136

755

206

128

236

134

647

3,0l6
2,910

155
206

1,180
950

109
234

331
363

71
86

62
74

358
397

83
122

7058

115
121

94

4o

387
261

1,765
271

100
20

818
74

80
16

129
33

43
12

4i
12

263
44

50
8

27
7

59
12

37
9

116
23

13,602
6,896
111

937
476
3

5,992
1,736
33

757
292
7

1,036
954
11

371
24O
3

337
233
6

1,888
1,276
7

4is
24l
3

226
l4l
1

509
17S
2

i4o

333
10

813
990
27

1,190

3,3is

55
145

159
1,273

62
183

97
218

49
110

86
128

227
482

56
i4g

53
93

125
223

67
118

154
196

655

26

247

4i

71

22

38

95

23

9

15

16

51

lie-.7 York

Phila.

A t l a n t a Chicago S t . L o u i s

933