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STATEMENT FOR THE PRESS s t . 6067 For immediate r e l e a s e Federal R e s e r v e Board, January 28, 1929, CONDITION OF WEEKLY REPORTING- MEMBER BANKS IN LEADING CITIES The Federal Reserve Board's c o n d i t i o n statement of weekly 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 January 23 shows d e c r e a s e s f o r the week of $ 1 2 7 , 0 0 0 , 0 0 0 i n l o a n s , of $ 6 , 0 0 0 , 0 0 0 in investments, of $2^5;000,000 i n n e t d e mand d e p o s i t s , and of $ 4 4 , 0 0 0 , 0 0 0 i n borrowings from Federal r e s e r v e "banks. Loans on s e c u r i t i e s were $ 6 4 , 0 0 0 , 0 0 0 below the January 16 t o t a l a t a l l r e p o r t i n g banks, d e c l i n e s of $ 8 0 , 0 0 0 , 0 0 0 r e p o r t e d by member banks i n the New York d i s t r i c t and of $ 9 , 0 0 0 , 0 0 0 i n the Chicago d i s t r i c t b e i n g p a r t l y o f f s e t by an i n crease of $ 2 0 , 0 0 0 , 0 0 0 i n the Boston d i s t r i c t . "All other" l o a n s d e c l i n e d $ 2 7 , 0 0 0 , 0 0 0 a t r e p o r t i n g member banks i n the San Francisco d i s t r i c t , $ 1 1 , 0 0 0 , 0 0 0 each i n the Boston and New York d i s t r i c t s , and $ 6 3 , 0 0 0 , 0 0 0 a t a l l r e p o r t i n g banks. Investments show r e l a t i v e l y l i t t l e change f o r the week, h o l d i n g s of U. S. Government s e c u r i t i e s d e c l i n i n g $ 4 , 0 0 0 , 0 0 0 and of other s e c u r i t i e s $ 3 , 0 0 0 , 0 0 0 . Net demand d e p o s i t s , which a t a l l r e p o r t i n g banks were $ 2 4 5 , 0 0 0 , 0 0 0 below the January ID t o t a l , d e c l i n e d $ 1 1 7 , 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 , $ 3 8 , 0 0 0 , 0 0 0 i n the San Francisco d i s t r i c t , $ 3 6 , 0 0 0 , 0 0 0 i n the Chicago d i s t r i c t , $26*000,000 i n the Boston d i s t r i c t , $ 1 4 , 0 0 0 , 0 0 0 i n the P h i l a d e l p h i a d i s t r i c t , and $ 9 , 0 0 0 , 0 0 0 i n the S t . Louis d i s t r i c t . Time d e p o s i t s show r e l a t i v e l y l i t t l e change f o r the week, w h i l e Government d e p o s i t s d e c l i n e d $ 7 , 0 0 0 , 0 0 0 . The p r i n c i p a l changes i n borrowings from Federal r e s e r v e banks f o r the week comprise a r e d a c t i o n of $ 6 5 , 0 0 0 , 0 0 0 a t the Federal Reserve Bank of New York, and i n c r e a s e s oi E? 13,000,000 a t Boston, $ 7 , 0 0 0 , 0 0 0 a t Chicago, and $ 6 , 0 0 0 , 0 0 0 a t St. Loui s . 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 weekly r e p o r t i n g member banks, t o g e t h e r with changes during the week and the year ending January 23, 1929, follows: (In m i l l i o n s of d o l l a r s ) Jan. 23 1929 Increase or decrease s i n c e Jan. 16,1929 Jan. 25.1928 Loans and investments - t o t a l 22,133 - 133* + 785 Loans - t o t a l 16,062 - 127* + 830 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 Reserve w i t h 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 Dae from banks Due t o banks Borrowings from F. R. Banks C. 7,352 8,710 — 64* ** - 63* ** 6,071 6* 3,116 4 3* 2,954 1,730 244 - 4i 13,366 6,885 83 - 245 1,170 2,962 - 57* 59* 554 - 44 + 2 7 + & 2 4 + + + 383 298 2 10 - ** + 293 •January l o f i g u r e s r e v i s e d . **1928 f i g u r e s i n p r o c e s s of r e v i s i o n . For immediate r e l e a s e Federal Reserve Board, January .24, 1929 CONDITION OF WEEKLY RS/OHTIUG LIMBER 2A.IXS IN CENTRAL RESERVE CITIES ( I n m i l l i o n s of d o l l a r s ) NET7 YORK Jan. 23 1929 Jan. l 6 1929 Jan. 25 1928 —2 Loans and investments - t o t a l 7,075 *7,161 6,967 Loans - t o t a l 5.162 *5.251 5,061 2,761 2,401 *2,837 *2,4l4 2,6l4 2,447 1.913 *1,910 1,906 l,l46 767 1,145 *755 1 104 'g02 757 54 7eg ^ 727 Net demand d e p o s i t s c 2s?o 5 1Q1 k Uq7 Government d e p o s i t s 23 24 24 m qq 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 Reserve with F. R. Bank Cash i n v a u l t h . deposits 5;w Due from hanks Due to "banks 103 JJQ Borrowings from F. R. Bank Loans For For For on s e c u r i t i e s to "brokers and d e a l e r s : own account account of o u t - o f - t o w n banks account of o t h e r s Total 5.391 * ^ 5 497 gl 1,010 1,853 2.579 *1,084 1,859 1,275 2,452 1,472 i,o4i *5,395 3,789 4,864 579 4,818 *577 2,894 895 Loans and investments - t o t a l 2,056 *2,056 1,965 Loans - t o t a l 1,607 *i,6c6 1,455 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 II. 5. • Government s e c u r i t i e s Other s e c u r i t i e s Reserve with F. R. Bank Cash in 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 44q *451 510 196 252 199 24o 251 270 186 I85 190 16 684 2 Borrowings from F. R. Bank W. * 733 767 687 1,226 Due from banks Due to banks 873 734 •Revised. *873 17 1,244 18 685 1,304 64i 3 4 154 158 316 324 13s 36s 78 75 15 For immediate r e l e a s e St. 6067b PRINCIPAL RESOURCES AND LIABILITIES OF WEEKLY REPORTING MEMBER BANKS IN EACH FEDERAL RESERVE DISTRICT ON JANUARY 23, I 9 2 9 . ( I n m i l l i o n s of d o l l a r s ) Federal Reserve District Total Boston New York Phila. Cleve, Rich. Loans and i n v e s t m e n t s - t o t a l 22,133 1.508 8.305 1.237 2.18Q 681 i!8 3.317 737 Loans - t o t a l 16,062 1,139 6.068 89*+ 1.485 521 501 2.567 534 258 7,352 8,710 *+77 3,188 501 191 150 1,173 249 351 1,394 285 6,071 137 750 On s e c u r i t i e s A l l 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 Reserve w i t h F. R. Bank 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 Dae t o "banks Borrowings from F. R. Bank A t l a n t a Chicago St.Loui s 2,880 393 684 802 331 369 2,238 343 703 159 3,116 2,954 165 20L 1,245 992 109 234 335 368 72 87 % 1,730 244 100 18 790 67 81 15 128 31 12 4i 4i 78 2 5,869 1,720 25 296 740 1,047 958 1,170 2,962 48 112 554 4i 13,366 6,885 S3 662 2 24 10 Kans.Cy. D a l l a s Ml 1,947 447 364 1,284 76 182 145 123 396 203 131 238 358 392 83 120 74 58 122 264 38 1 26 59 38 113 20 1,839 408 24I SI 513 179 l 319 139 787 990 21 332 2 230 l,274 4 5 6 302 117 11 24l 136 & 8 5 8 1,026 60 167 io4 225 55 io4 120 226 62 451 146 86 127 220 112 119 35 59 20 4o 123 28 10 14 19 l4s 85 San Fran. _5Ql_ 369 241 Minn. 2 48 8 66 396 267 139 191 44»
@FedFRASER