Full text of H.4.2 Weekly Consolidated Condition Report of Large Commercial Banks in the United States : January 23, 1925

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I

STATEMENT FOE THE PEESS

-Eel e as eel f o r p u b l i c a t i o n

S t . 4405

F r i d a y a f t e r n o o n , J a n . 23;
not e a r l i e r .

F e d e r a l Reserve Board,
J a n u a r y 22, 1925*

CONDITION OF MEMBEE BANKS IN LEADING CITIES
Acro-regate i n c r e a s e s of $ 1 9 , 0 0 0 , 0 0 0 i n l o a n s and i n v e s t m e n t s of $ 7 5 , 0 0 0 , 0 0 0 i n
n e t demand d e p o s i t s and of $ 2 , 0 0 0 , 0 0 0 i n accommodation a t t h e F e d e r a l r e s e r v e b a n k s
a r e shown : in t h e F e d e r a l E e s e r v e Board ' s w e e k l y c o n s o l i d a t e d , s t a t e m e n t of c o n d i t i o n
on J a n u a r y lU of 7 % member banks i n l e a d i n g c i t i e s .
D e c l i n e s of $ 1 0 , 0 0 0 , 0 0 0 i n l o a n s on U. S. Government s e c u r i t i e s and of
$ 1 2 , 0 0 0 , 0 0 0 i n l o a n s , on c o r p o r a t e s t o c k s and b e n d s were more t h a n o f f s e t by an i n c r e a s e of $ 3 9 , 0 0 0 , 0 0 0 i n " A l l o t h e r , " l a r g e l y c o m m e r c i a l , l o a n s and d i s c o u n t s .
H o l d i n g s of U. S. bonds and U. S. T r e a s u r y n o t e s were i n c r e a s e d b y $ 5 , 0 0 0 , 0 0 0 and
$ 1 5 , 0 0 0 , 0 0 0 , r e s p e c t i v e l y , w h i l e h o l d i n g s of U. S. T r e a s u r y c e r t i f i c a t e s w e r e r e duced by $ 4 , 0 0 0 , 0 0 0 and c o r p o r a t e s e c u r i t i e s b y $ 1 ^ , 0 0 0 , 0 0 0 .
;
R e p o r t i n g member b a n k s i n New York C i t y show r e d u c t i o n s i n a l l c l a s s e s of
l o a n s ; l o a n s on U. S. Government s e c u r i t i e s by $ 5 , 0 0 0 , 0 0 0 , l o a n s on c o r p o r a t e s e c u r i t i e s by $ 5 0 , 0 0 0 , 0 0 0 , and " a l l o t h e r " l o a n s and d i s c o u n t s by $ 1 3 , 0 0 0 , 0 0 0 .
Their
h o l d i n g s of U. S. s e c u r i t i e s went up $ 2 0 , 0 0 0 , 0 0 0 , w h i l e t h e i r h o l d i n g s of c o r p o r a t e
s e c u r i t i e s were reduced ty $8,000,000.
Net demand d e p o s i t s i n c r e a s e d by $ 7 5 , 0 0 0 , 0 0 0 . I n c r e a s e s a r e shown f o r t h e
following d i s t r i c t s :
Chicago $30,000,000, Cleveland, $29,000,000; Boston
$ 2 8 , 0 0 0 , 0 0 0 ; San F r a n c i s c o $ 1 3 , 0 0 0 , 0 0 0 , P h i l a d e l p h i a $ 1 2 , 0 0 0 , 0 0 0 , and. Richmond
$6 0 0 0 , 0 0 0 .
T h e s e i n c r e a s e s were p a r t l y o f f s e t by d e c r e a s e s of $ 3 6 , 0 0 0 , 0 0 0 i n t h e
New York d i s t r i c t , artf. of $ 6 , 0 0 0 , 0 0 0 i n t h e D a l l a s d i s t r i c t .
Time d e p o s i t s show an
i n c r e a s e of $ 4 , 0 0 0 , 0 0 0 and Government d e p o s i t s a d e c r e a s e of $ 2 4 , 0 0 0 , 0 0 0 .
R e s e r v e b a l a n c e s of a l l r e p o r t i n g i n s t i t u t i o n s w e r e i n c r e a s e d by $ 1 8 , 0 0 0 , 0 0 0 ,
w h i l e c a s h i n v a u l t d e c l i n e d by $ 2 1 , 0 0 0 , 0 0 0 . The New York C i t y members r e p o r t an
i n c r e a s e of $ 3 0 , 0 0 0 , 0 0 0 i n r e s e r v e b a l a n c e s and a r e d u c t i o n o f $ 7 , 0 0 0 , 0 0 0 i n c a s h .
B o r r o w i n g s of a l l r e p o r t i n g b a n k 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 were i n c r e a s e d
t y $ 8 , 0 0 0 , 0 0 0 , t h e New York C i t y members r e p o r t i n g an i n c r e a s e of $ 3 5 , 0 0 0 , 0 0 0 u n d e r
t h i s head..
A summary of c h a n g e s 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 the week and y e a r e n d i n g J a n u a r y l 4 , 1925, f o l l o w s :
I n c r e a s e or d e c r e a s e d u r i n g
Week
Loans and d i s c o u n t s ,

total

+ $17,000,000

: : . : ; i S E
I

"

a

e

3

s

m

™

m

d

s

t

o

!

t

Ii : : : : : : : :
O t h e r 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. E. b a n k s
Cash i n v a u l t

i

. . . .

t

5 : % ° %

- lgg
-

l4,000,000

+
-

18,000,000
21,000,000

Year
+'$1,246,000,000

•
+

C•




+

8,000,000

=

^ w o o o

; ggg
+

666,000,000

+
+

26,000,000

:

T o t a l a c c o m m o d a t i o n a t F. E. Banks

%

-

"

"

S

S

161,000,000

S t . 4405a
Released for publication Friday afternoon, January 23, 1925; not earlier.
PRINCIPAL RESOURCES AND LIABILITIES OF REPORTING MEMBER BANKS IN LEADING ; m E S
(in thousands of dollars)
R e p o r t i n g member banks i n
R e p o r t i n g member banks i n
All reporting member banks

Jan. 7
1925
736

Jan. 16

New York C i t y
Jan. Tb
J an. 7
1924
1925

Number of r e p o r t i n g b a n k s . . . . .

Jan. l4
1925
736

Loans and d i s c o u n t s , ^ r o s a :
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 a n d b e n d s - - All o t h e r l o a n s and d i s c o u n t s - -

175,619
4,686,310
8,260,635

186,332
4,697,914
8,222,019

223,464
3,879,165
7,774,227

. T o t a l loans and d i s c o u n t s - - -

13,122,6l4

13,106,265

11,876,859

56,814
61,393
66,563
1,951,704 2,001,709 1,463*102
2,345,772 2,358,765 2,167,957
4,354,290 4,421,867 3,697,622

U-. S. Pre-war bonds - - - - - - U* 5. l i b e r t y b(Ws
Ss 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 securities
Total investments - - - - - - -

260,311
1,403,891
378,424
528,900
138,006
2,847,550
5,557,082

261,463
1,402,505
372,931
51^,136
142,227
2,861,501
5,554,763

269,824
1,014,215
SO, 271
841,760
107,283
2,181,411
4,494,764

42,000
38,052
42,348
540,288
396,715
547,355
17,149
156,606
156,560
230,342 216,710 439,587
20,146
68,065
67,071
540,486
852,059
843,946
1,887,66s 1,875,682 1,452,135

Total loans and investments Reserve balances with P. B* Banks Cash in vault - - - - - - - - - - -

18,679,696
1,720,270
305,585

18,661,028 1 6,371,623
1,702,232 1,433,554
327,373
279,605

6,241,958 6,297,549 5,149,757
618,111
736,897
767,078
63,828
70,011
77,032

Net demand d e p o s i t s - - - - - - - -

13,355,190

13,279*650

5,396,681 5,437,323 4,332,013
617,320
801,368
800,146
24,700
37,746
20,499

Investments:

Time d e p o s i t s - - - - - - - — - - -

Government deposits - - - - - - - B i l l s p a y a b l e & red i s . w i t h F . R . B a n k s :
Secured by U.S.Govt o b l i g a t i o n s

All other - - - - -

T o t a l borrowings f r o m F.R.Banks




1924

762

11,308,162

4,852,867

4,849,399

4,112,125

135,566

159,934

138,776

72,618
50,545
123,163

76,593

148,443
135,848
284,291

38,639

115,232

J a n . 14

1925
67

33,830
21,193
55,023

67

18,940
589
19,529

67

53,600
11,237
64,837

Chicago

J a n . 14

1925
46

Jan, 7
1925
46

Jan. lo

1924
48

26,083
23,153
514,850 504,592
722,480
725,037
1,266,040 1,253,155

29,285
441,473
637,461
1,108,219

4,087
81,131
27,932
74,220
12,856
200,065
400,291

4,215
39,028
5,205
80,548
13,089
161,953
304,038

4,094
82,133
26,169
73,231
11,912
202,739
402,278

1,668,318 1,653,446 1,412,257
136,341
170,61s
178,647
28,094
30,412
33,652
1,208,192 1,184,246
994,875
372,217
450,778
450,164
6,937
16,555
16,096
635
320
955

'

665
420
1,055

3,611
2,301
5,912

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 23, 1925J n o t e a r l i e r .

S t . 44vpo.

PRINCIPAL RESOURCES AND LIABILITIES OF ALL REPORTING MEMBER BANKS IN EACH FEDERAL RESERVE DISTRICT AS AT CLOSE OF BUSINESS, JANUARY 1 4 , 1 9 2 5 ( i n t h o u s a n d s of d o l l a r s )
Federal Reserve D i s t r i c t
Number rf r e p o r t i n g banks .
Secured b y ' U . ' s . G o v t .

oblig.

T o t a l l o a n s and d i s c o u n t s

Boston

New York

Phila..

Cleve.

Rich.

42

108

55

76

75

9,062

6l,338

924,300 4,877,001

10,572

19,966

6,3%

Atlanta
36
7,552

—
Chicago S t . L o u i s
100
30,206

33
10,802

Minn. K a n s . v y . w a l l a s
25

71

49

2,857

4, 250

3,335

San F r a n .

Total

66

736

9,333

686,565 1,160,980 476,309 449,001 1 , 9 4 0 , 7 6 1 501,090 271,475 435,048 299,417 1 , 0 4 0 , 6 6 7 13,122,614

| El,-1111! 1111! 11 s 1111111II

^y^.^Pre-war W s

13,446

securities

Total investments.
Total loans & investments

52,875

10,671

45,425

24,715 ' 14,898

193,056 1,110,253

253,306

345,706

62,050

315,392 2,294,730

370,803

665,608 130,899

21,697

14,341

2,481

10,059

18,698

25,0^

f

41,513

417,746 103,400

36,880

73,582

20,722

189,336

2,847,550

74,586

770,998 165,450 106,644 162,563

71,385

428,024

5,557,082

1 , 2 9 9 , 6 9 2 7 , 1 7 1 , 7 3 1 1 , 0 5 7 , 3 6 8 1 , 8 2 6 , 5 8 8 607,208 523,587 2 , 7 1 1 , 7 5 9 666,540 378,119 597,611 370,802 1,468,691 1 8 , 6 7 9 , 6 9 6

I E " "114! S ' l i S ' l I I i l P I
B i l l s p a y a b l e and r e d i s c o u n t s




oblig

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2,

«?

1:639

t'.So

i:?S

V M

-14s

-02

l * *

BANKERS' BALANCES OF REPORTING MEMBER BANKS IN FEDERAL RESERVE BANK CITIES

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