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STATEMENT FOB THE PFESS 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 . 30; not e a r l i e r . S t . 4412 Federal Reserve Board, January 29, 1925* CONDITION OF MEMBER BANKS IN LEADING CITIES Aggregate r e d u c t i o n s of $45,000,000 in l o a n s and investments, of $118,000,000 in r e s e r v e b a l a n c e s , of $212,000,000 i n n e t demand d e p o s i t s and of $58,000,000 i n borrowings from t h e F e d e r a l r e s e r v e "banks a r e shown in t h e Federal Reserve Board's weekly 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 January 21 of 736 member banks i n leading c i t i e s . Total loans and d i s c o u n t s show a d e c r e a s e of $36,000,000, i n c r e a s e s of $16,000,000 i n l o a n s on U. S. Government s e c u r i t i e s and of $1,000,000 i n loans on c o r p o r a t e s e c u r i t i e s being more than o f f s e t by a d e c l i n e of $53,000,000 i n "All o t h e r , " l a r g e l y commercial, loans and d i s c o u n t s . Holdings of U. S. bonds were r e duced by $3,000,000, Treasury notes by $9,000,000 and c o r p o r a t e s e c u r i t i e s by $10,000,000, w h i l e h o l d i n g s of U. S. Treasury c e r t i f i c a t e s were i n c r e a s e d by $13,000,000. Reporting member banks i n New York City show an i n c r e a s e of $12,000,000 in loans on U. S. Government o b l i g a t i o n s and d e c r e a s e s of $9,000,000 and $23,000,000, r e s p e c t i v e l y , i n l o a n s on corporate s e c u r i t i e s and. i n "All o t h e r " loans and d i s counts. Their holdings of U. S. bonds were reduced, by $9,000,000, Treasury n o t e s by $10,000,000, and c o r p o r a t e s e c u r i t i e s by $14,000,000, while t h e i r h o l d i n g s of 0. S. Treasury c e r t i f i c a t e s were i n c r e a s e d by $16,000,000. Of the aggregate d e c r e a s e of $212,000,000 in net demand d e p o s i t s , $135,000,000 was shown f o r t h e New York d i s t r i c t , $25,000,000 f o r t h e San F r a n c i s c o d i s t r i c t , $24,000,000 f o r the Chicago d i s t r i c t ancf. $16,000,000 f o r the Boston 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 $16,000,000, the New York City banks r e p o r t i n g an i n c r e a s e of $5,000,000 i n t h i s item. Reserve balances of a l l r e p o r t i n g members were $118,000,000 l e s s , and cash in v a u l t $20,000,000 l e s s , t h a n a week e a r l i e r . The New York City banks r e p o r t r e ductions of $§6,000,000 i n r e s e r v e balances and of $5,000,000 i n cash. Borrowings 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 from the -Federal reserve-'bardre^-wer«"*" reduced by $ 5 8 , 0 0 0 , 0 0 0 , t h e New York City members r e p o r t i n g a r e d u c t i o n of $47,000,000 i n t h e i r borrowings from the r e s e r v e bank. 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 aid year ending January 21, 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 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 stocks and. bonds All other Investments, t o t a l U. S. bonds U. S. Treasury n o t e s . U. S. Treasury c e r t i f i c a t e 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 i n v a u l t . . . . . . - $36,000,000 + 16,000,000 + 1,000,000 + - 53,000,000 + - 9,000,000 3,000,000 + + - 9,000,000 + 13,000,000 - 10,000,000 810,000,000 451,000,000 1,050,000,000 667,000,000 303,000,000 + 43,000,000 + 643,000,000 - 118,000,000 - 20,000,000 + + - 212,000,000 + 1,933,000,000 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 + 16,000,000 Total accommodation a t F. R. Banks . . - 58,000,000 + $1,230,000,000 * 31,000,000 + 167,000,000 10,000,000 731,000,000 3,000,000 229,000,000 Released 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 , January 30, ly25; not e a r l i e r . S t . 4412a PRINCIPAL RESOURCES AND LIABILITIES OF REPORTING MEMBER BANKS IN LEADING CITIES ( i n thousands of d o l l a r s ) Reporting member banks i n Reporting member banks i n All r e p o r t i n g member banks New York City Chicago J a n . 14 Jan. 21 J a n . 14 Jan. 23 1 J an. 21 J a n . 21 J a n . 14 J a n . 23 J a n . 23 1924 1925 1925 1925 1924 1925 1925 1924 1925 Number of r e p o r t i n g banks . . . . . 761 736 67 46 67 46 67 48 736 Loans and d i s c o u n t s , g r o s s : 192,355 Secured by U . S . G o v ' t , o b l i g a t i o n s 175,619 223,451 68,970 56,814 74,219 27,088 25,523 23,153 4,686,79s Secured by stocks and bonds - - 4,686,310 1,941,911 1,951,704 1,455,812 3,877,395 517,008 514,850 458,325 8,207,860 All o t h e r l o a n s and d i s c o u n t s - 8,260,685 2,322,920 2,345,772 2,157,309 7,756,597 714,562 640,075 728,037 Total l o a n s and d i s c o u n t s - - Investments: U. S. Pre-war bends - - - - - - U. S. L i b e r t y bonds - - - - - - U. S. Treasury bonds - - - - - U. S. Treasury n o t e s - - - - - U. S. Treasury c e r t i f i c a t e s - - Other bonds, s t o c k s and s e c u r i t i e s Total investments - - - - - - Total loans and investments Reserve balances 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 - - - - - - - - - - - 13,087,013 13,122,614 11,857,443 4,333,801 260,709 1,402,629 375,472 520,150 150,713 2,838,135 260,311 1,403,891 378,424 528,900 138,006 2,847,550 269,704 1,024,363 77,693 823,627 107,419 2,195,398 42,597 541,425 153,580 220,890 82,640 829,683 5,547,808 5,557,082 4,498,204 18,634,821 18,679,696 1,602,152 1,720,270 286,092 305,585 13,143,171 13,355,190 4,868,758 4,852,867 16,355,647 1,434,796 4,354,290 3,687,340 42,348 547,355 156,606 230,342 67,071 843,946 4,066 81,369 28,519 74,557 10,996 200,021 4,094 82,133 28,169 73,231 11,912 202,739 4,215 41,397 5,443 79,057 13,119 162,523 1,870,815 1,887,668 1,457,713 399,528 402,278 305,754 6,204,616 6,241,958 5,145,053 620,105 767,078 70,0ii 63,951 5,396,681 4,288,335 800,146 619,182 1,656,621 1,668,318 1,431,242 142,967 276,547 11,209,811 4,137,429 670,832 64,864 5,267,842 804,960 135,566 138,798 20,499 20,499 72,618 50,545 165,257 128,397 7,350 1,011 33,830 21,193 65,042 123,163 293,654 8,361 55,023 1,125,488 38,108 402,176 16,567 424,007 19,809 557,046 135,454 Government d e p o s i t s - - - - - - - B i l l s payable & red i s . w i t h F.R.Banks: 39,568 Secured by U.S.Govt, o b l i g a t i o n s 25,474 All o t h e r — — — — — — — — —— — — Total borrowings from F.R.Banks 1,257,093 1,266,040 178,647 170,595 30,412 28,386 1,183,392 1,208,192 450,164 454,119 27,927 1,018,169 371,274 16,096 16,096 6,878 70,475 9,094 870 173 635 320 3,074 2,190 79,569 1,043 955 5,264 37,746 Heieasfod f o r publication Friday afternoon, January 30,' 1925> not earlier. * St. 4412D. x PRINCIPAL RESOURCES AND LIABILITIES OF ALL REPORTING MEMBER BANKS IN EACH FEDERAL RESERVE DISTRICT i s W CLOSE OF BUSINESS, JANUARY 21,1925 (In thousands of dollars) ' Federal Reserve D i s t r i c t Boston New York Phila. Cleve. Rich. Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas San Fran. Total. Number of reporting banks 42 108 55 76 75 36 100 33 25 71 49 66 736 Loans and discounts, gross: Secured by U.S.Govt, oblig. 3,772 73,398 10,424 19,355 6,412 7,547 32,706 10,694 2,831 4,247 5,018 10,95% 192,355 Secured by stocks & bonds 292,703 2,162,223 313,632 417,413 124,271 71,167 693,100 182,989 54,600 96,800" 64,622 213,278 4,686,798 826,345 8,20f,860 All other loans & discounts666,492 2,619,315 357,598 722,980 34l,465 367,218 1,215,726 316,548 209,470 332,139 232,564 -• Total loans and discounts 967,967 4,854,936 Investments: U. S. Pre-war bonds 13,474 53,124 u. s . Liberty bonds 8l,4s4 638,490 U. S. Treasury bonds 17,531 170,352 U. S. Treasury notes 8,449 238,676 U. S. Treasury c e r t i f i c a t e s 1,764 84,253 Other bonds, stocks and * securities 193,621 1,094,975 Total investments 316,323 2,279,870 > 681,654 1,159,748 472,148 445,932 l , 9 4 l , 5 3 2 510,231 266,901 433,186 302,204 1,050,574 13,087,013 , 18,248 14,035 5,557 9,457 2,176 25,003 124,513 43,518 26,490 16,892 . 260,709 1,402,629 375,472 520,150 150,713 4i,24o 416,129 103,941 „ 8,206 9,984 26,539 42,771 9,385 13,117 18,973 20,835 6,320 2,975 „ , 36,608 72,33P 21,286 187,027 2,838,135 72,179 769,784 166,033 106,031 162,012 70,759 423,443 5,547,808 10,568 53,446 26,421 20,941 7,452 45,419 184,408 26,474 56,081 8,l46 25,714 37,176 5,013 2,693 444 14,958 8,6ll 2,839 2,4g4 2,037 21,670 163,519 48,889 102,981 16*596 257,540 348,915 64,523 376,368 669,443 135,563 14,341 27,637 6,376 12,080 1,658 Total loans & investments 1,284,290 7,134,806 1,058,022 1,829,191 607,711 518,111 2,711,316 676,264 372,932 595,198 372,963 1,474,017 18,634,821 Reserve balances with F.R.Bk. 91,546 724,577 80,535 117,609 38,726 41,o4o 239,136 46,982 27,686 54,395 32,913 107,007 1,602,152 Cash in vault 20,471 79,764 15,806 31,012 14,087 11,263 54,891 7,870 6,126 12,122 10,693 21,987 286,092 Net demand deposits 896,871 5,808,806 765,752 1,019,139 364,430 313,051 1,751,384 4 i 6 , 6 s 4 254,360 487,473 281,643 783,578 13,1^3,171 Time deposits 326,471 1,153,177 179,335 698,338 182,933 189,219 920,549 212,366 102,825 136,080 92,14-9 675,316 4,868,758 Government deposits 26,079 30,676 13,811 l4,281 3,068 3,711 21,276 7,286 1,850 998 2,l42 10,276 135, 54 B i l l s payable and rediscounts with F. R. Bank: , \:if 0 l i:% 2 a0 : h i l l u.ig 10 '$ =,;=3 i:lSS BANKERS' BALANCES OF REPORTING MEMBER BANKS IN FEDERAL RESERVE BANK CITIES Due to banks Due from banks \ 142,458 1,189,521 44,284 94,077 199,099 72,193 54,127 25,104 40,269 17,226 19,760 18,858 423,270 113,706 158,071 43,442 72,166 131,464 21,562 51,971 45,600 33,781 119,484 86,037 2,550,924 666,606
@FedFRASER