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J ' l f & ' t z '74 5 STATEMENT FOR THE PRESS Rale as eel f o r p u b l i c a t i o n Saturday a f t e r n o o n , Jan. 3J not e a r l i e r . S t . 43S6 F e d e r a l Reserve Board., January 2, 1925» CONDITION OF MEMBER BANKS IN LEADING CITIES Aggregate i n c r e a s e s of $ $ 1 , 0 0 0 , 0 0 0 in accommodation a t t h e Federal r e s e r v e banks and of $ 3 ^ , 0 0 0 , 0 0 0 i n l o a n s and d i s c o u n t s , t o g e t h e r w i t h a d e c r e a s e of *125,000,000 i n n e t demand d e p o s i t s , a r e shown i n the Federal Reserve Board's weekly consolidated, statement of c o n d i t i o n on December 24 of 733 member banks i n l e a d i n g c i t i e s . Loans on Government s e c u r i t i e s were increased, by $ 5 , 0 0 0 , 0 0 0 and. l o a n s on corporate s t o c k s and bonds by $ 3 4 , 0 0 0 , 0 0 0 , w h i l e "All other, " l a r g e l y commercial, loans d e c l i n e d by $ 5 , 0 0 0 , 0 0 0 . Holdings of U. S. bends went up $ 2 , 0 0 0 , 0 0 0 and. h o l d ings of Treasury n o t e s $ 6 , 0 0 0 , 0 0 0 , w h i l e h o l d i n g s of U. S. c e r t i f i c a t e s of i n d e b t e d n e s s and. of other s e c u r i t i e s were reduced by $ 2 1 , 0 0 0 , 0 0 0 and. $ 2 , 0 0 0 , 0 0 0 , r e s p e c tively. All c l a s s e s of l o a n s reported by t h e New York City members show advances over the p r e c e d i n g week. Loans secured by Government o b l i g a t i o n s were up $ 4 , 0 0 0 , 0 0 0 , l o a n s on other s t o c k s and bonds - $ 3 7 , 0 0 0 , 0 0 0 and. a l l o t h e r l o a n s - $ 1 2 , 0 0 0 , 0 0 0 . Holdings of U. S. s e c u r i t i e s increased $ 1 1 , 0 0 0 , 0 0 0 and t h o s e of c o r p o r a t e s e c u r i t i e s declined $15,000,000. Net demand d e p o s i t s of a l l r e p o r t i n g members d e c l i n e d $ 1 2 5 , 0 0 0 , 0 0 0 , t h e p r i n c i p a l r e d u c t i o n s b e i n g reported by banks i n t h e f o l l o w i n g d i s t r i c t s : New York $ 2 5 , 0 0 0 , 0 0 0 , San F r a n c i s c o $ 2 2 , 0 0 0 , 0 0 0 , Chicago $ 1 9 , 0 0 0 , 0 0 0 , Cleveland $ 1 5 , 0 0 0 , 0 0 0 , Boston $ 1 3 , 0 0 0 , 0 0 0 and S t . Louis $ 1 0 , 0 0 0 , 0 0 0 . Time d e p o s i t s show a r e d u c t i o n of $ 2 , 0 0 0 , 0 0 0 and Government d e p o s i t s a r e d u c t i o n of $ 1 1 , 0 0 0 , 0 0 0 * the New York C i t y members r e p o r t i n g d e c l i n e s of $ 8 , 0 0 0 , 0 0 0 and. $ 2 , 0 0 0 , 0 0 0 , r e s p e c t i v e l y , i n t h e s e items. Reserve 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 i n c r e a s e d by $ 6 , 0 0 0 , 0 0 0 and qash ih v a u l t d e c l i n e d by $ 5 , 0 0 0 , 0 0 0 . The New York C i t y banks report g a i n s of $ 1 5 , 0 0 0 , 0 0 0 i n r e s e r v e b a l a n c e s and of $3,CO0,000 i n c a s h . 4. Borrowings of a l l r e p o r t i n g members from the Federal r e s e r v e banks i n c r e a s e d from $ 1 3 3 , 0 0 0 , 0 0 0 t o $ 2 2 4 , 0 0 0 , 0 0 0 , New York C i t y members a c c o u n t i n g f o r $ 7 7 , 0 0 0 , 0 0 0 of t h e i n c r e a s e . 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 o f r e p o r t i n g members during the week and y e a r ending December 24, 19^+J f o l l o w s : I n c r e a s e or d e c r e a s e during Year Week 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 s t o c k s and bonds . » . A l l other . . Investments, t o t a l . . . . . . . . . TJ» S # b o n d s , . . . . . . . . . . . U. S. Treasury n o t e s U. S. C e r t i f i c a t e s of i n d e b t e d n e s s Other bonds, s t o c k s and s e c u r i t i e s Reserve b a l a n c e s w i t h F. R, Banks 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 Total accommodation a t F. R. Banks v e *• Njv + $34,000,000 + 5,000,000 + 34,000,000 - 5,000,000 - 15,000,000 + 2,000,000 + 6,000,000 - 21,000,000 2,000,000 + 6,000,000 5,000,000 + $1,OSS,000,000 + + 32,000,000 783,000,000 337,000,000 + 1,023,000,000 + 671,000,000 330,000,000 + 10,000,000 + 672,000,000 + 322,000,000 22,000,000 - 125,000,000 + 2,010,000,000 - 11,000,000 17,000,000 2,000,000 + 12TT8 91,000,000 + 742,000,000 351,000,000 Released f o r p u b l i c a t i o n Saturday a f t e r n o o n , January 3» 1925) not e a r l i e r . S t . 4>S6a PRINCIPAL EESOUHCE AND LIABILITY ITEMS OF REPORTING MEMBER EAIIKS IN LEADING CITIES ( I n thousands of d o l l a r s ) Dec. 24, 1924 738 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 bends ( o t h e r than U. S. s e c u r i t i e s ) - - - - A l l other l o a n s and d i s c o u n t s - - - - - - - - _ _ _ _ _ __ T~tal l e a n s and d i s c o u n t s - - - - - U. S. Pre-war bends - - - - - - - - - — - - - - - - - - - - - - - - U. S. L i b e r t y bends _ _ _ _ _ _ - - - - - - - - — — - - - Dec. 17, 1924 739 June 25, 1924 Dec. 26, 192: 748 764 217,806 196,273 4,64i,0l4 S,185,530 4,606,869 4,050,434 7,873,864 228,365 3,857,662 7,848,307 13,022,817 12,958,921 12,142,104 11,934,334 261,492 262,571 270,920 275,460 191,449 8,190,603 1,411,933 1,413,935 1,203,939 1,016,279 U. S. Treasury bends - - - - - - - - _ _ _ _ _ _ _ _ _ 369,737 364,475 71,057 81,052 U. S. Treasury n o t e s - - - - - - - - - - - - - - - - - - - - - - - - 523,186 517,454 634,298 852,965 133,390 154,058 132,660 123,464 2,878,369 2,880,512 2,513,782 2,206,111 T o t a l l o a n s and d i s c o u n t s and investments - - - - - - - - - - - - - i s , 600,924 18,581,926 16,489,665 Reserve b a l a n c e s w i t h F e d e r a l Reserve Banks - - - - - - - - - - - - - 1,700,33s 1,694,009 333,491 335,421 16,968,760 1,544,661 278,636 13,044,529 11,837,140 11,034,063 4,414,306 4,072,029 129,423 185,938 40,008 Other ban##, s t o c k s and s e c u r i t i e s Cash in v a u l t - - - - - - - - - - - - - - — _ _ _ _ _ _ — — - - - - - - - - - - - - - - - - - - - - - - - - Net demand d e p o s i t s - - - - - - - - - - - - - - - - - — - - - - - - 1,378,672 355,454 - - - - _ - - - - - - - - _ _ _ _ _ _ _ _ _ _ _ _ _ _ 4,814,435 169,195 13,169 , 492 4,816,408 180,305 B i l l s payable and r e d i s c o u n t s w i t h Federal Reserve Banks• Secured by U. S. Government o b l i g a t i o n s - - - - - - - - - - - - - A l l other - - - - - - - - - - - - — _ _ _ _ _ _ _ - — - - - 155,364 68,593 90,739 42,125 66,136 305,620 269,178 Ratio of M i l s payable and r e d i s c o u n t s w i t h Federal Reserve Banks" t o t o t a l l o a n s and i n v e s t m e n t s , p e r c e n t - - - - - — — _ _ _ _ _ 1.2 .7 .6 3-5 Time d e p o s i t s - - - - - - - - - - - - Government d e p o s i t s - - - - - - - - - — Released f o r p u b l i c a t i o n Saturday a f t e r n o o n , January 3, 1925; not e a r l i e r . St. 4356b /' PRINCIPAL RESOURCE AND LIABILITY ITEMS OF ALL REPORTING MEMBER BANKS IN EACH FEDERAL RESERVE DISTRICT AS AT CLOSE OF BUSINESS, DECEMBER 2 4 , 1 9 2 4 . ( ( i n thousands o f d o l l a r s ) Federal Reserve D i s t r i c t Boston New York Phila. Cleve. Rich. A t l a n t a Chicago S t . L o u i s Minn. Xans.Cy. D a l l a s San Fran. Total Fumber of r e p o r t i n g banks 42 108 Loans and d i s c o u n t s , g r o s s : Secured by U.S.Govt, o b l i g . 10,098 77,622 Secured by stocks & bonds 272,924 2 , 1 5 9 , 1 0 9 i l l other loans & d i s c o u n t s 642,797 2,601,871 Total l o a n s & d i s c o u n t s U. S. Pre-war bonds u. S. L i b e r t y bonds 11,150 308,203 364,495 77 75 3& 18,914 6,835 ^09,185 1 2 2 , 0 0 4 721,205 345,013 100 7,725 66,021 380,169 33 32,017 10,880 671,977 176,245 1 , 2 0 7 , 6 2 8 310,533 13,458 52,52s 81,167 646,000 52,672 18,332 9,994 179,316 230,54s 27,047 1,786 192,534 36,243 10,519 1,112 20,712 2,734 3,762 59,519 7,481 9,219 364 2,144 19,177 2,279 195,353 1,125,003 255,784 344,739 64,937 4i,94p 427,495 102,905 Total l o a n s and d i s c o u n t s and investments 1 , 2 4 5 , 9 0 9 7 , l 6 l , 5 l 6 1 , 0 5 8 , 2 1 9 1 , 8 2 4 , 4 8 8 608,410 528,433 2 , 6 9 2 , 1 5 2 661,650 S. C e r t i f i c a t e s o f Indebtedness Other bonds, s t o c k s and securities 3,105 56,783 213,885 71 50 4,387 95,250 336,5^0 66 3,620 60,454 232,070 164,930 27,751 27,146 39,896 13,47s 4,342 U. S. Treasury n o t e s 25 738 9,920 206,859 829,324 , 196,273 4,641,014 8,185,530 683,848 1 , 1 4 9 , 3 0 4 473,852 453,915 1 , 9 1 1 , 6 2 2 497,658 2 7 3 , 7 7 3 436,177 302,144 1 , 0 ^ 6 , 3 0 3 1 3 , 0 2 2 , 8 1 7 10,675 45,179 25,938 15,041 21,832 14,35 7 8 , 4 8 6 10,632 18,814 24,552 261,492 25,336 58,177 U. S. Treasury bonds u. 925,819 4,868,602 55 41,496 5,744 9,860 3,997 4,570 105,600 10,956 19,009 24,742 6,578 3,168 119,597 1,411,933 8,731 48,585 28,221 523,186 3,195 18,480 133,390 37,098 72,908 20,375 369,737 189,832 2,878,369 381,950 *91,520 371,307 1 , 4 7 5 , 3 7 0 1 8 , 6 0 0 , 9 2 4 Reserve b a l a n c e s w i t h F.R.Bk. 9 3 , H O 824,381 77,l4l 123,757 39,627 40,558 239,888 47,113 25,294 55,559 28,878 105,032 1,700,338 25,386 103,133 19,786 34,338 15,162 11,581 61,087 9,136 6,749 13,402 10,896 22,835 333,491 476,019 281,459 920,354 2 1 1 , 9 0 2 101,526 138,238 90,255 671,526 4,814,435 1,597 2,979 14,545 169,195 107 318 2,814 269 7,500 1,592 155,364 68,893 cash i n v a u l t Net demand d e p o s i t s 860,092 5 , 8 7 8 , 3 3 8 739,231 1 , 0 0 4 , 1 8 0 3 5 5 , 4 4 4 3 0 8 , 8 8 4 1 , 7 0 5 , 0 8 2 395,532 258,758 Time d e p o s i t s 315,396 29,471 1,143,206 173,788 37,893 18,745 18,199 4,799 84,774 24,084 18,191 2,935 14,274 12,304 5,756 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 w i t h F. R. Bank: Secured by U.S. Govt, o b l i g . 6,298 A l l Other 5,643 O-W 681,972 177,578 188,694 9,027 4,819 8J0 6,372 26,423 7,669 16,174 1,151 1,726 2,078 2,056 - 781,510 13,044,529 Released f o r p u b l i c a t i o n Saturday a f t e r n o o n , January 3, 1925; not e a r l i e r . St« k^SGo. PRINCIPAL RESOURCE AND LIABILITY ITEMS OF REPORTING MEMBER BANKS IN F. R. BANK AND BRANCH CITIES AND IN OTHER SELECT5D CITIES , .... ( i n thousands of d o l l a r s ) All F. R. F. R. Other New York City City of Chicago Bank c i t i e s Branch c i t i e s selected c i t i e s Dec. 24 Dec. 17 D e c . , 2 4 Dec. 17 Dec. 24 Dec. 17 Dec. 24 Dec. 17 Dec. 24 Dec. lSr Number of reporting banks 67 67 46 47 254 255 193 193 291 291 Loans and discounts, g r o s s : Secured by U.S.Govt, o b l i g a t i o n s 73,363 69,347 24,686 24,229 137,520 131,986 31,913 33,278 26,840 26,185 Secured Tfcy s t o c k s , . . 5 ^ bonds 1,970,909 1,933,953 509,117 514,664 3,426,795 3,391,694 665,912 661,983 548,307 553,192 All other loans and discounts 2,305,487 2,293,265 712,462 713,847 5,120,099 5,122,792 1,688,546 1,691,609 1,376,885 1,376,202 Total loans and discounts U. 3. Pre-war bonds 4,349,759 4,296,565 1,246,265 1,252,740 4-2,001 41,348 4,038 4,104 U» S. Liberty bonds 8,684,414 8,646,472 2,386,371 2,386,870 92,750 92,262 71,560 72,915 868,693 866,422 348,625 352,998 270,662 275,275 58,457 547,503 82,510 U. S. Treasury bond s 553,768 161,312 164,753 23,261 83,991 26,061 1L S. Treasury notes 212,54s 199,723 77,674 82,343 361,433 351,877 U* S. C e r t i f i c a t e s of indebtedness 57,781 63,678 12,941 12,265 95,803 Other bonds, stocks and s e c u r i t i e s 859,839 874,741 211,206 206,108 l,64i,56l Total loans and discounts and investments Beserve balances w i t h F» E, Bank Cash in vault Net demand deposits Time deposits 1,952,032 1,955,579 97,182 97,394 52,356 194,615 4o,6i8 194,515 36,844 118,172 120,025 43,581 45,552 106,818 26,766 35,502 10,821 11,738 1,651,101 700,492 696,159 536,316 533,252 6,237,008 6,188,311 1,657,945 1,667,612 12,015,316 11,990,227 3,710,443 3,716,8*5 769,414 754,025 169,161 166,991 1,243,673 1,236,259 281,546 273,190 85,863 82,503 34,202 32,264 180,049 175,067 73,812 69,565 5 , 3 4 5 , 2 0 2 5, 355,109 1,163,120 1,166,455 9,139,555 9,203,667 2,150,354 2,184,943 804,230 449,412 812,534 451,207 2,434,741 2,444,730 1,388,150 1,377,830 2,875,165 2 , 8 7 4 , 8 7 4 183,475 176,204 89,542 83,877 1,754,620 1 , 7 8 0 , 8 8 2 991,544 993,84g Government d e p o s i t s 26,457 28,596 17,069 17,585 119,516 126,790 36,064 39,251 13,615 14,264 B i l l s payable and rediscounts with jp# P. Bank: Secured W U.S.Govt, o b l i g a t i o n s All other 68,690 20,626 9,635 2,581 4,055 617 4,430 486 98,334 39,650 29,013 16,980 40,287 10,184 52,848 10,220 16,743 19,059 8,878 14,925
@FedFRASER