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STATEMENT FOR THE PkaSS ? °r release F e d e r a l Re serve ^ o a r d , January 23, 1928 ^ CONDITION OF MEMBER BANKS IN LEADING CITIES Federal ; ^ s e r v e B o a r d ' s c o n d i t i o n statement, of 653 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 l g shows d e c l i n e s f o r the week of $153,000,000 i n fte demand, d e p o s i t s , of $116,000,000 i n l o a n s and d i s c o u n t s , and of $23,000,000 i n borrowings from Federal r e s e r v e "banks, and an i n c r e a s e of $15,000,000 i n i n v e s t •up n u s. •1 A?? nS ° n s t o c k s and bonds, i n c l u d i n g United S t a t e s Government o b l i g a t i o n s , j e r e $bo,000,000 below t h e January 11 t o t a l at a l l r e p o r t i n g banks, r e d u c t i o n s of |pb,000,000 b e i n g shown f o r the New York d i s t r i c t , of $9,000,000 f o r t h e Chicago d i s t r i c t , and of $6,000,000 f o r the P h i l a d e l p h i a d i s t r i c t , and i n c r e a s e s of $8,000,000 and $7,000,000, r e s p e c t i v e l y , f o r the Cleveland and Kansas C i t y d i s tricts. "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 i n n e a r l y a l l d i s t r i c t s , the degrease f o r a l l r e p o r t i n g "banks "being $51,000,000 and f o r r e p o r t i n g member "banks i n the New York d i s t r i c t $31,000,000. Holdings of United S t a t e s Government s e c u r i t i e s i n c r e a s e d $19,000,000 and $17,000,000, r e s p e c t i v e l y , i n the San F r a n c i s c o and New York d i s t r i c t s , and $42,000,000 a t a l l r e p o r t i n g banks, while h o l d i n g s of o t h e r bonds, s t o c k s and s e c u r i t i e s d e c l i n e d $23,000,000 i n the New York d i s t r i c t and $27,000,000 at a l l r e p o r t i n g banks. Net demand d e p o s i t s , which were $153,000,000 below t h e p r e c e d i n g week's t o t a l , e c l i n e d i n a l l d i s t r i c t s , the p r i n c i p a l d e c r e a s e s "by d i s t r i c t s "being: Hew York $71,000,000, Chicago $23,000,000, P h i l a d e l p h i a $13,000,000, and St. Louis 412,000,000. Time d e p o s i t s d e c l i n e d $6,000,000 i n the Boston d i s t r i c t , and i n creased *8,000,000 i n the St. Louis d i s t r i c t and $6,000,000 a t a l l r e p o r t i n g banks. The p r i n c i p a l changes i n borrowings from Federal r e s e r v e banks comprise a dec l i n e of $63,000,000 a t r e p o r t i n g member banks i n the New York d i s t r i c t and an i n c r e a s e of $26,000,000 i n the San Francisco d i s t r i c t . A summary of the 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 653 r e p o r t i n g member banks, t o g e t h e r with changes d u r i n g the week and the year ending J a n u a r y l g , 1928, f o l l o w s : ( i n thousands of d o l l a r s ) January lg 1928 Loans and i n v e s t m e n t s - t o t a l Loans and d i s c o u n t s - t o t a l Secured by U.S.Govt, o b l i g a t i o n s Secured by stocks and bonds A l l other l o a n s and d i s c o u n t s Investments - t o t a l U.S. Government s e c u r i t i 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 Reserve with 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 e p o s i t s Due from banks Due to banks Borrowings from F. R. banks - t o t a l Secured by U.S.Govt, o b l i g a t i o n s All other 21,870,134 • I n c r e a s e or decrease during Week Year — 15,326,105 101,483 + 1,980,795 116,498 + 1,008,294 . i l l , 560 77,185 50,879 + + 10,623 902,502 116,415 126,6 42 6,529,752 8,669,711 + 6,544,029 + 15,015 + 972,501 2,960,521 3,583,508 + 4 i , 706 26,691 + + 607,446. 365,055 27,752 . 27,098 + 132,686 15,271 + + 90 5,999 710,605 30,255 1,804,255 256,467 13,956,973 6,634,191 89,272 1,244,545 3,638,907 290,635 215,913 74,722 -f - - 153,192 6,433 34,764 10,409 99,595 23,167 12,453 10,714 42,888 89,806 46,918 t Federal Reserve Board, January 19, 1928. For immediate r e l e a s e CONDITION OF WEEKLY REPOETING MEMBER BAMS IN CE'JTRAL RESERVE CITIES ( i n thousands of d o l l a r s ) HEW YORK - 50 BANKS Loans and investments - t o t a l Loans and discounts - t o t a l Secured "by U. S. Government o b l i g a t i o n s Secured "by stocks and "bonds A l l other loans and discounts Jan. 18 Government s e c u r i t i e s "bonds, stocks and s e c u r i t i e s with P. R. Bank vault Net demand d e p o s i t s $4me d e p o s i t s Qovernment d e p o s i t s Jan* 19 7,183,424 7,285,444 5.211.300 5,308,439 6,250,619 4,511,940 51,863 2,539,053 2,620,334 41,933 2,625,301 2,641,205 42,050 2,060,197 2,409,693 1,977,005 1.738,679 843,800 894,879 712,280 58.782 Investments - t o t a l •U. S. Other Reserve pash i n Jan. 11 1,060,03s 912,086 783,179 52,549 5,577,226 1,096,911 26,627 1,047,615 929,390 796,641 60,145 5.066,949 911.633 33,518 110,624 1,316,469 5,635,993 1,095,383 36,989 106,128 1,383,721 99.055 1.071.573 51.200 117,400 56,018 39,150 12,050 94,900 22,500 23,100 32,918 1,260,255 1,534,519 993,150 3,787,924 1,321,088 1,502,580 995,905 3,819,573 .. 882,901 i,i4o,6o4 746,667 2,916,381 871,543 2,973,692 845,881 2,081,944 688,228 Loans and investments - t o t a l 2,006,515 2,014,651 1.817.871 Loans and discounts - t o t a l 1,499,623 1,512,976 1,408,362 12,282 782,095 705,246 11,424 793,317 708,235 13,791 686,086 708,485 506.8Q2 501,675 1109,509 228,101 278,791 193,741 18,873 225,793 275,882 192,427 20,8>4 172,547 236,962 172,967 a , 570 1,333,262 635,559 4,393 142,567 376,914 26.20? 1,335,36s 638,920 6,007 1,202,656 142,708 372,126 31,292 149,939 369,162 17,247 20,860 5,342 19,885 11,407 11,591 5,656 Diie from "banks Due t o banks Borrowings from F. R. Bank - t o t a l Secured by U.S.Government o b l i g a t i o n s All o t h e r Loans to brokers and dealers (secured by stocks and bonds): For own account For account of out-of-town banks For account of others Total On demand On time 2,770,172 CHICAGO - 4l BATIKS 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 Investments - t o t a l U. S. Other Reserve Cash i n * Government s e c u r i t i e s bonds, stocks and s e c u r i t i e s with F. R. Bank vault Net demand d e p o s i t s Time d e p o s i t s Government deposits Due from banks Due to banks Borrowings from F. R. Bank y t o t a l Secured by U.S.Government o b l i g a t i o n s A l l other C. ( S t . 5648a) For immediate r e l e a s e 564S"b PRINCIPAL EH SOURCES AND LIABILITIES OF ALL REPORTING ME13ER BAMS IN EACH 1EDERAL RESERVE DISTRICT AS AT CLOSE OF BUSINESS, J ANU AE Y 18,1928. ( I n thousands of d o l l a r s ) F e d e r a l Reserve D i s t r i c t Total Boston iTew York Fhila. Cleve. Rich. A t l a n t a Chicago S t . L o u i s Minn.Kans.Cy. Dallas San Fran. Loans & i n v e s t m e n t s - t o t a l 21,870,134 1,574,571 8,357.3)8 1.235.348 2.104.792 699.518 623.589 1.123.557 733.747 181.019 648.151 437.147 1.923.987 Loans and d i s c o u n t s - t o t a l 15,326.105 i . q 6 q . 6 5 3 5.940.354 802,452 1.391.387 523.908 494.275 2.285.494 519.156 249.634 426.022 3 33 . 285 1 . 2 9 9 . 4 8 5 • Secured "by usGovt ot)iig. 126,642 Secured toy stocks & fconds6,529,752 All o t h e r loans & d i s c t s 8 , 6 6 9 , 7 1 1 6,262 53,467 402,989 2,922,21:0 651,1402 2,964,677 8j4o ^5,007 349,105 15,44l 3,105 5,286 17,619 4,198 2,280 3,354 2,609 620,258 163,60? 117,621 1,006,097 212,215 81,521 128,280 86,395 7 55,688 357,201 371,368 1,261,77s 302,743 165,833 294,388 244,281 4,681 343,557 951,247 Investments - t o t a l 6,544,029 473,918 2 . 4 l 6 , 8 5 4 433.396 713.405 1 7 5 , 6 l 0 129,314 624.502 U.S. Govt, s e c u r i t i e s 2,960,521 Other bonds, s t k s . & s e c u r . 3,533,508 177,501 1,156,794 296,4l7 1,260,060 121,352 312,044 313,344 400,06l 78,043 97,567 63,241 66,0^3 848,574 66,586 85,565 15,065 129,951 30,120 45,io6 13,294 4i,732 ll,ll4 13,956,973 6,634,191 39,272 975,862 6,179,382 483,440 1,622,708 7,777 29,409 295,067 7,736 1,244,545 3,638,907 71,817 155,362 177,438 1,384,929 r e s e r v e with 5\R.Bank Cash i n v a u l t ! T et 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 Dae from "banks Due t o hanks 1,804,255 256,467 104,562 20,089 903.063 214.591 133.385 222.129 103.862 374,873 85,129 528,190 129,462 69,754 104,358 63,631 117,771 73,036 30,82b 343,096 281,4o6 25,082 5,813 33,895 9,629 113,872 21,699 797,311 1,062,254 387,359 349,887 1,909,080 U30,509 223,320 491,734 304,784 893,169 246,039 233,076 l , 2 0 3 , 4 l 6 245,935 133,295 163,047 116,298 9,011 3,098 4,872 7,746 1,665 762 1,918 4,842 345,491 983,701 10,436 59,3l6 185,610 104,079 57,48 2 86,086 261,592 124,333 134,182 4 8 , 4 l 6 1 28,469 65,417 99,654 227,749 119,365 178,215 235,864 269,559 43,602 50,627 7,517 22o,4lS 63,468 525,283 162,908 55,730 11,939 Borrowings from FR B k - t o t a l 290,635 9,384 64,239 17,006 40,391 18,815 18,110 46,905 9,771 2,250 10,175 4.4p0 49,189 Secured by US Govt o b l i g . 215,913 A l l Other 74,722 5,888 3,496 5l,o49 13,190 13,510 3,49b 32,ll6 8,275 6,445 12,370 4,850 13,260 37,46o 9,445 3,935 5,836 2,250 - 7,435 2,740 2,900 1,500 48,075 l,ll4 36 83 48 71 66 33 95 30 24 65 45 57 dumber of r e p o r t i n g hanks c. 653
@FedFRASER