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STATEMENT FOR THE PRESS 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 , Jan. 1 5 ; not e a r l i e r . S t . 4806 Federal Reserve' Board, January 14, 1926. CONDITION OF MEMBER BANKS IN LEADING CITIES The F e d e r a l Reserve B o a r d ' s s t a t e m e n t of c o n d i t i o n of J l S 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 January 6, shows d e c l i n e s of $55,000,000 i n l o a n s and d i s c o u n t s , $ 1 7 , 0 0 0 , 0 0 0 i n i n v e s t m e n t s and $145,000,000 in 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 , t o g e t h e r w i t h i n c r e a s e s of $ 4 5 , 0 0 0 , 0 0 0 and $ 1 3 , 0 0 0 , 0 0 0 i n n e t demand and time d e p o s i t s , r e s p e c t i v e l y . Member banks i n New York C i t y r e p o r t e d a d e c l i n e of $1+7,000,000 i n l o a n s and d i s c o u n t s and an i n c r e a s e of $20,000,000 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 a r e d u c t i o n of $109,000,000 i n borrowings f r o m the 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 $ 7 , 0 0 0 , 0 0 0 i n t h e New York d i s t r i c t and $ 2 , 0 0 0 , 0 0 0 i n the Cleveland d i s t r i c t , w h i l e small d e c l i n e s were shown f o r some of t h e o t h e r d i s t r i c t s . Loans on c o r p o r a t e s t o c k s and bonds f e l l o f f $72,000,000, r e d u c t i o n s of $ 7 2 , 0 0 0 , 0 0 0 i n the New York d i s t r i c t , $ 1 4 , 0 0 0 , 0 0 0 i n the Chicago d i s t r i c t and $ 1 1 , 0 0 0 , 0 0 0 i n t h e San F r a n c i s c o d i s t r i c t b e i n g o f f s e t i n p a r t by i n c r e a s e s of $ 1 4 , 0 0 0 , 0 0 0 and $ 6 , 0 0 0 , 0 0 0 i n t h e P h i l a d e l p h i a and Kansas C i t y d i s t r i c t s , r e s p e c t i v e l y . All o t h e r l o a n s and d i s c o u n t s went up $ 1 1 , 0 0 0 , 0 0 0 . I n c r e a s e s of $ 2 1 , 0 0 0 , 0 0 0 and $17,000,000, r e s p e c t i v e l y , were r e p o r t e d by banks i n the New York and Chicago d i s t r i c t s , while d e c r e a s e s of $ 1 1 , 0 0 0 , 0 0 0 each were r e p o r t e d f o r the Boston and Cleveland d i s t r i c t s . Investments i n U. S. Government s e c u r i t i e s d e c l i n e d $ 7 , 0 0 0 , 0 0 0 , decreases of $12,000,000, and $ 1 0 , 0 0 0 , 0 0 0 f o r the San Francisco and Chicago d i s t r i c t s , r e s p e c t i v e l y , being p a r t l y o f f s e t by i n c r e a s e s of $ 1 1 , 0 0 0 , 0 0 0 i n the Cleveland d i s t r i c t and $ 7 , 0 0 0 , 0 0 0 i n the New York d i s t r i c t . Holdings of other bonds, stocks and s e c u r i t i e s show only small changes i n any of the reserve d i s t r i c t s . Net demand d e p o s i t s i n c r e a s e d a t banks i n a l l d i s t r i c t s e x c e p t Chicago, Kansas C i t y and D a l l a s . The p r i n c i p a l i n c r e a s e s i n t h i s i t e m were $15,000,000 and $12,000,000 i n the P h i l a d e l p h i a and A t l a n t a 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 went up $13,000,000, comparatively small i n c r e a s e s being shown f o r a l l d i s t r i c t s except San Francisco and Atlanta, where reductions of $10,000,000 and $4,000,000 were reported. The p r i n c i p a l changes i n borrowings from t h e F e d e r a l r e s e r v e banks were r e d u c t i o n s of $ 1 0 9 , 0 0 0 , 0 0 0 by banks i n t h e New York d i s t r i c t , $ 2 4 , 0 0 0 , 0 0 0 i n the Boston d i s t r i c t and $12,000,000 i n the Richmond 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 t h e y e a r ending J a n u a r y 6, 1926, f o l l o w s . Increase or decrease Week 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 SrTtS.? : t : c k 8 . m d . b : n ! s . ; : : ; ; ; : ; Reserve balances with F. R. Banks Cash in v a u l t e b e : : Year - $55,000,000 + 6,000,000 SOther: bonds, : : stocks : : and: s e:c u r i:t i e s: . .: . .: : ,O7K,000,000 - : S:o%mo W:™ - u - 10,000,000 + 73,000,000 - 47,000,000 15,000,000 - ^5,000,000 6,000,000 : ; Total accommodation at F, R. Banks . . . . , - 1 4 5 , 0 0 0 , 0 0 0 during = a + : " s 295,000,000 Released f o r p u b l i c a t i o n Friday afternoon, January 1% 192b; not e a r l i e r . St. 4806a PRINCIPAL RESOURCES AM) LIABILITIES OF REPORTING MEMBER BANKS IN LEADING CITIES (In thousands of d o l l a r s ) Reporting member banks All reporting member banks in New York City Jan. b Dec. 30 Jan. 6 Jan. 7 Dec. 30 Jan. 7 1926 192b 1925 1925 1925 1925 Number of reporting banks - - - - - - - - - 716 Loans and discounts, gross: Secured by. U. S. Government o b l i g a t i o n s Secured by stocks and bonds - - - - - - All other loans and discounts - - - - - - 175,731 5,688,376 8,316,552 Total loans and discounts - - - - - - Investments: U. S. Pre-war bonds - - - - - - - - U. S. Liberty bonds - - - - - - - - - - T J. S. Treasury bonds - - - - - - - - - U. S. Treasury notes - - - - - - - - - U. S. Treasury c e r t i f i c a t e s - - - - — Other bonds, stocks and s e c u r i t i e s - - Total investments - - - - - - - - - Total loans and investments - - - Reserve balances with F. R. Banks - - - - Cash i n vault - - - - - - - - - - - — - Net demand deposits - - - - - - - - - - - Time deposits - - - - - - - - - - - - - - Government deposits - - - - - - - - - - - - 719 170,107 5,759,678 8,305,604 736 61 61 Reporting member banks i n Chicago Jan. 6 Dec. 30 dan. 7 1926 1925 1925 67 186,332 57,959 54,096 61,393 4,714,739 2,354,308 2,430,601 2,001,709 8,205,154 2,268,684 2,243,442 2 , 3 5 s , 7 6 5 14,180,659 14,235,389 13,106,265 4,680,951 4,728,139 4,421,867 46 46 46 16,582 640,338 620,553 16,374 649,528 665,007 521,417 705,655 26,083 1,337,473 1,330,909 1 , 2 5 3 , 1 5 5 222,280 1,376,924 429,818 310,589 169,554 2,934,836 222,210 1,367,827 430,094 333,499 162,838 2,945,168 261,463 1,402,505 372,931 514,136' 142,227 2,861,501 42,000 540,288 156,560 216,710 68,065 852,059 3,557 104,869 16,323 46,478 2,668 196,127 3,364 103,913 16,315 59,473 1,252 206,068 4,087 81,131 27,932 74,220 12,856 200,065 5,444,001 5,461,636 5,554,763 1 , 7 1 6 , 6 5 3 1,696,337 1 , 8 7 5 , 6 8 2 370,022 390,385 400,291 29,788 516,323 180,744 141,399 41,427 806,972 29,830 508,343 176,488 144,023 38,808 798,845 19,624,660 19,697,025 18,661,028 6,397,604 6,424,476 6,297,549 I , 7 0 7 , 4 9 5 1,721,294 1,653,446 168,219 170,618 1,687,293 1,733,935 1,702,232 172,934 709,533 783,763 736,897 26,225 26,392 74,506 82,425 77,032 321,881 332,031 327,373 33,652 13,305,355 13,260,670 13,279,65015,308,309 5,309,917 5,437,323 I I . 1 6 2 . 3 6 l 1 , 1 6 8 , 3 3 5 1,184,246 807,698 809,564 801,36s 500,590 5,360,979 5,343,036 4,849,399 499,078 450,77S 214,287 225,646 14,284 53,758 56,165 24,700 159,934 13,923 16,555 B i l l s payable and redis. with F. R. Banks: Secured by U.S. Government o b l i g a t i o n s All other — - — - - - 274,73O 135,735 371,252 183,829 76,593 38,639 98,612 10,450 194,337 23,675 18,940 | 539 1 36,303 10,133 35,295 19,584 665 420 Total borrowings from F. R. Banks - - - 410,515 555,081 115,232 109,062 218,012 19,529 1 46,436 54,879 1,085 C. r telt eJ " fC r ' p u b l i c a t i o n ^ i d a y afternoon, January 15, l 9 2 6 ; not earller _ S t . 4so6b. Federal Reserve D i s t r i c t Number of reporting banks Loans and discounts, gross: Secured by U.S.Govt, oblig. Secured by stocks & bonds All other loans & discounts Boston 41 °* * r New York 100 66,320 10,212 348,247 2,616,592 654,414 2,586,039 Total loans and discounts 1 , 0 1 3 , 4 7 3 5,268,951 Investments: ,U- S. Pre-war bonis 9,659 39,969 U. S. Liberty bonds 84,380 605,011 U. S. Treasury bonds 18,692 195,495 U. S. Treasury notes 4,226 149,301 U. S. Treasury c e r t i f i c a t e s 20,176 42,274 Other bonds, stocks and securities s a Phila. 54 g CIeve. 75 j , Rich. 71 s Atlanta 36 r — Chicago 100 — , St.Louis 33 ™ , JANUARY 6,1926. Minn. Kans.Cy. Dallas 24 67 San Fran. 66 49 10,979 408,754 358,079 777,812 1,268,660 529,004 526,171 2,086.955 521,064 247,968 4^2. 9,486 49,576 18,103 7,374 7,428 32,647 157,004 34,970 24,853 25,797 25,550 28,950 7,610 1,700 3,831 14,863 14,980 5,774 2,075 7,338 19,201 178,014 53,259 59,846 13,832 12,957 25,536 10,796 6,944 5,735 7,367 27,364 12,097 18,659 6,937 8,983 51,872 16,986 13,769 4,132 322,006 7,746 263,107 915,353 Due to banks Due from ban>-$ C. 147,150 1,153,487 41,768 1 09,306 55,165 is,329 788,782 211,309 20,321 17,239 17,643 5,397 4.327 4.328 24,359 136,594 50,639 17,515 27,746 222,280 1,376,924 429,818 310,589 1 169 , 554, 2,934.836 5,444,001 1,643,651 19,624,660 114,951 1 , 6 8 7 , 2 9 3 24,002 321,881 806,950 13,305,385 800,249 5,360,979 26,265 214,287 IfllliiSi 7,088 5,934 TqcTlnii 195,814 73,175 175,731 5,688,376 8,316,552 1,186,206 14., 120,699! 200,592 457,445 Reserve balances with F.R.Bk. 97,386 767,630 Cash in vault 23,591 92,621 Net demand d e p o s i t s 916,001 5,876,484 Time deposits 398,155 1,195,645 Government deposits < 21,072 60,876 B i l l s payable and rediscounts with F. R. Bank: Secured by U.S.Govt, obiig. 5 , 6 9 0 136,090 All other 3,722 15,706 Total 716 22,164 27,434 BAL 6,316 13,811 7,194 17,526 69,631 19,704 3,014 2,275 3,091 2,267 7,312 1,125 4,816 4,714 RjiP0RTI NG MEMBER BANKS IN FEDERAL RESERVE BANK CITIES 9,910 13,981 274,730 135,785 36,669 27,470 110,541 52,479 2,410,785 654,058 ^CE^ 0 F 48,665 30,252 5 5 a s SS ' S : S g # ' $ : »
@FedFRASER