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STATEMENT FOR TEE 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 , J a n . 22; not e a r l i e r . St. 4gl2 F e d e r a l R e s e r v e Board, J a n u a r y 21, 192b. CONDITION OF MEMBER BANKS IN LEADING CITIES The F e d e r a l R e s e r v e Board f s s t a t e m e n t of c o n d i t i o n of %18 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 J a n u a r y 13 shows d e c l i n e s of $ 1 2 7 , 0 0 0 , 0 0 0 i n l o a n s and d i s c o u n t s , $ 9 , 0 0 0 , 0 0 0 i n i n v e s t m e n t s , $ 5 8 , 0 0 0 , 0 0 0 i n n e t demand d e p o s i t s , and $ 9 2 , 0 0 0 , 0 0 0 i n b o r r o w i n g s 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 . Member banks i n New York C i t y r e p o r t e d r e d u c t i o n s of $ 1 1 4 , 0 0 0 , 0 0 0 i n l o a n s and d i s c o u n t s , $ 4 , 0 0 3 , 0 0 0 i n i n v e s t m e n t s , and $ 1 1 1 , 0 0 0 , 0 0 0 i n n e t demand d e p o s i t s . Loans on U. S. Government s e c u r i t i e s d e c l i n e d by $ 9 , 0 0 0 , 0 0 0 a t banks i n the New York d i s t r i c t and a t a l l r e p o r t i n g b a n k s . Loans on c o r p o r a t e s t o c k s and bonds went down $ 1 2 2 , 0 0 0 , 0 0 0 , the l a r g e s t r e d u c t i o n s b e i n g $ 1 0 9 , 0 0 0 , 0 0 0 i n t h e New York d i s t r i c t and $ 1 9 , 0 0 0 , 0 0 0 i n t h e Chicago d i s t r i c t . A l l o t h e r l o a n s and d i s c o u n t s changed v e r y l i t t l e e x c e p t i n the Chicago f e d e r a l r e s e r v e d i s t r i c t , where a n i n c r e a s e of $ 1 7 , 0 0 0 , 0 0 0 was r e p o r t e d . I n v e s t m e n t s i n U. S. s e c u r i t i e s and i n o t h e r bonds, s t o c k s and s e c u r i t i e s show no marked changes d u r i n g t h e week. Net demand d e p o s i t s f e l l o f f $ 5 8 , 0 0 0 , 0 0 0 , t h e l a r g e r d e c l i n e of $ 1 0 7 , 0 0 0 , 0 0 0 shownJfor t h e New York d i s t r i c t b e i n g o f f s e t i n part* by a n i n c r e a s e of $ 2 3 , 0 0 0 , 0 0 0 i n t h e Chicago d i s t r i c t and s m a l l i n c r e a s e s i n o t h e r d i s t r i c t s . Of t h e r e d u c t i o n of $ 9 ? , 0 0 0 , 0 0 0 i n b o r r o w i n g s 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 , $ 5 0 , 0 0 0 , 0 0 0 was r e p o r t e d by banks i n t h e Chicago d i s t r i c t , and $ 1 2 , 0 0 0 , 0 0 0 and $ 1 1 , 0 0 0 , 0 0 0 by banks i n t h e New York 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 . 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 e n d i n g J a n u a r y 13, 1926, f o l l o w s : Increase or Week decrease during Year 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 £-127,000,000 - 9,000,000 -122,000,000 + 4,000,000 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 b o n d s , s t o c k s and s e c u r i t i e s . . . . . 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 ~ 9,000,000 + 1,000,000 + J f 000,000 - 4,000,000 - 13,000,000 + 7,000,000 - 19,000,000 -122,000,000 - 13,000,000 -212,000,000 + 28,000,000 + 75,000,000 - 26,000,000 - 3,000,000 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 - 58,000,000 + 2,000,000 - 19,000,000 -108,000,000 +510,000,000 + 60,000,000 - 92,000,000 +196,000,000 T o t a l accommodation a t F. R. Banks C. . . . . . « $+931,000,000 - 9>000,000 +864,000,000 + 76,000,000 / S t . 4SI2a 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 22, 1 9 2 6 ; n o t e a r l i e r . PRINCIPAL RESOURCES AND LIABILITIES OF REPORTING MEMBER BANKS IN LEADING CITIES (In 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 A l l r e p o r t i n g member banks i n New York C i t y J a n . 14 J a n . 13 j Jan. 6 J a n . 14 J a n . 6 J a n . 13 | 1925 1926 1 1926 1925 1926 1926 1 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 - - - - - - A l l 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 - - - 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 Total investments - - - - - - - - - - - - - 61 169,554 2,934,836 29,839 512,933 181,488 144,954 44,642 798,820 5,444,001 5,557,082 432,426 317,250 222,280 1,376,924 429,318 310,589 61 67 52,944 57,959 56,814 175,619 4,703,310 2,244,653 2,354,308 1,951,704 8,2t&,685 2,268,999 2,268,684 2,345,772 260,311 1,403,891 378,424 528,900 13S.006 2,847,550 223,223 1,374,309 5,435,365 - - 175,731 5,688,376 8,316,552 736 4,566,596 ~ ~ R e s e r v e b a l a n c e s w i t h F , R. Banks - - - - - 716 14,054,087 14,180,659 13,122,614 166,000 2,922,157 T o t a l l o a n s and i n v e s t m e n t s - - - - - Net demand d e p o s i t s - 166,302 5,566,704 8,321,021 - - - - - - - Cash i n v a u l t - - - - - - 718 4,680,951 4,354,290 29,788 516,323 180,744 1 41,399 41,427 806,972 1,712,676 1,716,653 1,887,668 19,489,452 19,624,660 18,679,696 6,279,272 6,397,604 1,694,288 1,687,293 1,720,270 302,830 13,247,001 321,881 305,585 13,305,325 13,355,190 42,348 547,355 156,606 230,342 67,071 843,946 6,241,958 R e p o r t i n g member banks i n Chicago J a n . 6 | J a n . 14 J a n . 13 1926 1 1925 1926 46 17,142 624,311 691,451 46 46 16,582 640,338 23,153 536,850 680,553 712,037 1,332,904 1,337,473 1,266,040 3,364 103,217 3,557 104,869 4,094 16,351 48,364 1,827 195,441 196,127 82,133 28,169 73,231 11,912 202,739 368,564 370,022 402,278 16,323 46,478 2,66s 1,701,468 1,707,495 1,668,318 709,533 767,078 165,355 168,219 178,647 70,930 74,506 5,197,761 5,308,309 70,011 23,406 26,225 30,412 731,278 5,396,681 1,177,116 1,162,361 1,208,192 5,363,218 5,360,979 4,852,867 809,180 807,698 800,146 499,190 499,078 450,164 Government d e p o s i t s - - - - - - - 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 - 195,065 214,287 135,566 49,995 53,758 20,499 12,947 13,923 16,096 210,685 108,330 274,730 135 , 785 72,618 50,545 84,262 20,225 98,612 10,450 33,830 21,193 10,353 4,812 36,303 10,133 635 320 T o t a l b o r r o w i n g s f r o m F . R. Banks - - - 319,015 410,515 123,163 104,487 109,062 55,023 15,165 46,436 955 Time d e p o s i t s - - - - - - - C. - - - - - - - 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 e e n , J a n u a r y 22, 19 2o; not e a r l i e r . 4812 b PRINCIPAL RESOURCES AND LIABILITIES OF ALL REPORTING MEMBER BANKS IN EACH FEDERAL RESERVE DISTRICT AS AT CLOSE OF BUSINESS, JANUARY 1 3 , 1 9 2 6 . (In thousands of d o l l a r s ) Boston New York Federal Reserve D i s t r i c t Phila. Cleve. Rich. A t l a n t a Chicago S t . L o u i s Minn. Kans.Cy. D a l l a s San Fran. Total 100 Number of r e p o r t i n g banks 41 54 75 71 36 100 33 24 69 U9 66 718 Loans and discounts., g r o s s : Secured by U.S.Govt, o b l i g . 10,744 57,590 10,909 8,316 166,302 22,380 5,621 5,439 24,712 1 0 , 9 1 2 2,331 4,090 3,208 414,068 Secured by s t o c k s & bonds 342,342 2 , 5 0 7 , 4 4 0 491,801 147,759 9 8 , 0 6 6 825,513 210,782 7 1 , 4 4 5 116,434 82,800 258,254 5,566,704 All other l o a n s & d i s c o u n t s 654,472 2,588,200 360,310 744,225 374,432 420,448 1,235,071 306,018 1 7 5 , 7 6 5 312,838 235,139 9 1 4 , 1 6 3 8 , 3 2 1 , 0 8 1 Total l o a n s and d i s c o u n t s 1 , 0 0 7 , 5 5 8 5 , 1 5 3 , 2 3 0 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 Other b o n d s , s t o c k s and securities Total investments Total loans and investments 9,659 84,404 18,547 4,228 20,128 40,020 601,749 197,442 152,755 45,489 785,287 1,258,40b 527,812 523,953 32,911 25,564 157,277 29,204 34,917 7,610 24,843 1,69s 3,841 14,847 14,581 5,774 2,044 5,572 63,530 54,094 9,486 49,751 18,044 7,538 7,178 25,727 2,085,296 527,712 249,591 433,362 321,147 19,005 12,957 176,204 25,504 53,512 10,79s 61,43s 6,945 11,132 5,760 7,375 27,136 12,102 18,559 6,947 8,982 53,217 18,297 13,944 3,943 432,871 109,309 4 1 , 9 2 2 77,337 350,118 2,140,551 623,688 131,447 9 7 , 2 1 2 754,165 171,293 1 1 4 , 0 4 1 175,720 1,357 , 676 7 , 2 9 3 , 7 8 1 1,127,041 1,882,094 659,259 621,165 2,839,461 699,005 363,632 609,052 Reserve balances with 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 213,152 1 , 1 0 3 , 0 9 6 99,506 759,123 21,759 57,517 914,790 5 , 7 6 9 , 7 4 3 397,699 1 , 1 9 9 , 5 7 3 19f599 56,627 2,215 5,310 115,730 24,145 249,757 341,754 33,503 17,369 793,796 207,279 18,898 9,430 5,9H 348,013 120,675 4 0 , 0 1 4 4 3 , 6 5 2 240,745 51,168 33,163 14,941 12,556 52,312 8,494 985,353 337,163 374,396 1 , 7 7 0 , 7 0 7 434,813 25,368 6,527 230,779 748,054 201,710 -217,534 1,017,901 211,057 112,776 10,006 25,659 5,864 3,065 27,939 6,813 3,222 15,464 11,251 10,713 28,286 11,023 2,384 6,024 650 900 13,585 6,078 17,955 17,191 5, 085 4,316 4,081 24,459 138,091 50,298 . 13,942 25,882 223,223 1,374,309 432,426 317,250 166,000 23,262 205,814 2,922,157 71,890 463,456 5,435,365 393,037 1,644,219 19,489,452 56,142 29,933 13,952 1 0 , 7 3 4 489,631 284,584 150,362 96,685 1,851 7,568 4,481 2,757 1,180,733 14,054,087 944 5,504 114,409 1,694,288 23,506 302,830 810,246 13,247,001 802,583 5,363,218 26,265 195,065 8,541 9,328 210,685 108,330 BANKERS' BALANCES OF REPORTING MEMBER BANKS IN FEDERAL RESERVE BANK CITIES Due to banks Due from banks c. 136,354 1,109,166 39,355 103,364 181,625 6.7,287 45,750 37,102 22,938 24,594 16,736 15,641 377,925 156,545 92,462 59,324 105,229 35,842 36,286 23,58,4 43,517 29,606 110,677 2,314,444 52,785 609,300
@FedFRASER