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STATEMENT FOB THE PRESS st. 5250 Tor immediate r e l e a s e ; F e d e r a l Reserve Board, J a n u a r y 31, 19 2 7« CONDITION OF IKWZR BANKS IN LEADING CITIES The F e d e r a l Reserve B o a r d ' s c o n d i t i o n s t a t e m e n t of 681 r e p o r t i n g / f i 1 f S f e s r i n l e a d i n g c i t i e s as of J a n u a r y 26 shows an i n c r e a s e of $ 2 2 , 0 0 0 , 0 0 0 i n i n v e s t m e n t s and d e c l i n e s of $ 7 1 , 0 0 0 , 0 0 0 - i n l o a n s and d i s c o u n t s , $149,000,000 i n n e t demand d e p o s i t s and $51,000,000 i n "borrowings f r o m t h e F e d e r a l r e s e r v e "banks. Member "banks i n New York C i t y r e p o r t e d an i n c r e a s e of $11,000,000 i n i n v e s t m e n t s and r e d u c t i o n s of $42,000,000 i n l o a n s and d i s c o u n t s , $01,000,000 i n n e t demand d e p o s i t s and ^ $23,000,000 i n "borrowings f r o m t h e F e d e r a l r e s e r v e h a n k . Loans on s t o c k s - a n d "bonds, i n c l u d i n g U. S. Government o b l i g a t i o n s , were $37,000,000 "below t h e J a n u a r y 19 t o t a l , r e d u c t i o n s of $32,000,000 i n t h e New York d i s t r i c t , $ 1 0 , 0 0 0 , 0 0 0 i n t h e P h i l a d e l p h i a d i s t r i c t and $ 7 , 0 0 0 , 0 0 0 i n t h e Chicago d i s t r i c t b e i n g o f f s e t i n p a r t by r e l a t i v e l y small i n c r e a s e s i n o t h e r d i s t r i c t s . "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 $ 3 4 , 0 0 0 , 0 0 0 , .the p r i n c i p a l changes i n c l u d i n g r e d u c t i o n s of $ 1 6 , 0 0 0 , 0 0 0 i n t h e New York d i s t r i c t and $15,000,000 i n t h e Chicago d i s t r i c t and an i n c r e a s e of $ 9 , 0 0 0 , 0 0 0 i n t h e B o s t o n d i s t r i c t . Total loans t o b r o k e r s and d e a l e r s , s e c u r e d by s t o c k s and b o n d s , made by r e p o r t i n g member banks i n New York C i t y were $38,000,000 below t h e p r e v i o u s w e e k ' s f i g u r e , l o a n s f o r own account h a v i n g d e c l i n e d $ 1 3 , 0 0 0 , 0 0 0 , l o a n s f o r o u t - o f - t o w n b a n k s $15,000,000 and loans f o r others $5,000,000. H o l d i n g s of TJ. S. Government s e c u r i t i e s i n c r e a s e d $ 1 6 , 0 0 0 , 0 0 0 , of which $3,000,000 was a t r e p o r t i n g b a n k s i n t h e Now York d i s t r i c t . H o l d i n g s of other bonds s t o c k s and s e c u r i t i e s were $ 6 , 0 0 0 , 0 0 0 above t h e p r e v i o u s w e e k ' s t o t a l , only nominal changes b e i n g shown f o r any of t h e r e s e r v e d i s t r i c t s . Not demand d e p o s i t s d e c l i n e d d u r i n g the week by :1b,000,000 i n t h e New York d i s t r i c t , $ 2 3 , 0 0 0 , 0 0 0 i n t h e Chicago d i s t r i c t , $ 1 6 , 0 0 0 , 0 0 0 i n t h e P h i l a d e l p h i a d i s t r i c t , and by $149,000,000 a t a l l r e o o r t i n g b a n k s . Borrowings f r o m t h e F e d e r a l r e s e r v e banks were r e d u c e d $ 5 1 , 0 0 0 , 0 0 0 a t a l l r e p o r t i n g members and $ 3 2 , 0 0 0 , 0 0 0 a t r e p o r t i n g members i n t h e New York d i s t r i c t . 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 and t h e y e a r e n d i n g J a n u a r y 26, 1927, f o l l o w s : Increase or decrease Week Year Investments, t o t a l TJ. S. 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 $71,000,000 6,000,000 43,000,000 34,000,000 22,000,000 16,000,000 6,000,000 Reserve b a l a n c e s w i t h F. R. Banks Cash i n v a u l t 55,000,000 3,000,000 Loans and d i s c o u n t s , t o t a l . . . . Secured by M . S . G o v t , o b l i g a t i o n s Secured by s t o c k s and bonds . . All other 149,000,000 10,000,000 l e t 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 T o t a l b o r r o w i n g s f r o m F. R. Banks - - during 51,000,000 + $251,000,000 - + + - + - - - 4- 19,000,000 29,000,000 299,000,000 63,000,000 19^,000,000 257,000,000 ^2,000,000 13,000,000 156,000,000 489,000,000 81,000,000 73,000,000 For immediate r e l e a s e PRINCIPAL RESOURCES AND LIABILITIES OF REPORTING MEMBER BASKS IN LEADING- CITIES ( i n t h o u s a n d s of d o l l a r s ) R e p o r t i n g member banks All r e p o r t i n g member "banks i n New York C i t y J a n . 27 J a n . 19 J a n 26 J a n . 27 J a n . 19 J a n . 26 1927 681 Number of r e p o r t i n g "banks 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 & "bonds A l l o t h e r l o a n s and d i s c o u n t s T o t a l l o a n s and d i s c o u n t s Investments: U. S. Government s e c u r i t i e s - - Other "bonds, s t o c k s and s e c u r i t i e s - - - Total investments - - - - - - - - - T o t a l l o a n s and i n v e s t m e n t s - - - - - - - - 19,739,786 Reserve b a l a n c e s w i t h 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 - 1,606,111 268,177 12,878,603 5,874,332 119,588 Banks - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 1926 1927 1927 717 54 54 1926 61 1927 1927 45 45 1926 46 173,566 146,638 150,652 921,094 843,800 852,128 2,537,345 201,940 209,108 210,814 816,780 894,879 897,519 2,939,375 375,506 355,746 5,476,720 1,749,647 1,738,679 1,737,874 361,466 1 , 6 89,084 * 1 9 , 7 8 8 , 7 3 5 1 9 , 4 2 5 , 9 3 9 6,220,066 6,250,619 6 , 2 2 1 , 0 4 5 1,706,415 1,717,267 171,411 172,967 167,683 690,823 658,613 712,280 1,671,569 1,648,579 21,786 21,158 66,4o4 20,902 59,142 53,732 *271,326 281,652 *13,027,153 13,034,186 4,976,284 5,066,949 5 , 1 1 9 , 9 8 6 1,164,593 1,178,835 1 , 1 4 4 , 1 2 3 508,656 518,812 517,414 808,915 914,482 911,633 *5,864,219 5,385,199 12,947 5,644 5,644 49,995 33,518 33,518 119,527 200,360 *2,327,166 *3,190,599 *5,517,765 B i l l s p a y a b l e and r e d i s c o u n t s w i t h F.R.Banks: 30,922 23,100 168,731 19,950 126,107 114,165 Secured by U. S. Government o b l i g a t i o n s 6,24o 32,918 8,319 121,640 100,969 82,939 All other - - - - - - - - - - - - - - - 28,269 56,018 37,162 T o t a l b o r r o w i n g s f r o m F. R. Banks - - 197,104 247,747 269,700 Loans t o b r o k e r s and d e a l e r s ( s e c u r e d by s t o c k s and bonds) made by r e p o r t i n g 865,183 882,901 1,200,914 member b a n k s i n New York C i t y : S'or own account 1,125,713 l , l 4 o , 6 o 4 1,287,367 For a c c o u n t of o u t - o f - t o ^ n b a n k s 609,911 741,044 746,667 For account of o t h e r s 2,731,940 2,770,172 3,098,192 Total . . . 2,047,954 2,081,944 2,135,023 On demand 683,986 688,228 963,169 On time . R e p o r t i n g member banks i n Chicago J a n . 27 J a n . 19 J a n . 26 17,634 12,481 13,510 48,182 42,050 46,355 142,903 *136,984 161,629 616,498 642,666 647,302 5,479,668 *5,522,514 5,509,329 1,961,925 1,994,245 2,200,878 679,446 689,802 700,709 8,577,486 *8,611,472 8,278,261 2,460,252 2,475,645 2,235,938 14,200,057 *14,270,970 13,949,219 4,470,419 4,511,940 4,483,171 1,344,949 1,361,521 1,313,578 2,343,471 3,196,258 5,539,729 F. R, - - - - - - - - - 1927 682 st > 5250a 5,003 2,060 7,063 .11,591 5,656 17,247 16,560 3,558 20,118 •Revised f i g u r e s . For immediate release St. $2^0b PRINCIPAL RESOURCES OD L I A B I L I T I E S OF ALL REPORriNG MEMBER BA2TKS IU EACH FEDERAL BE SERVE DISTRICT AS AT CLOSE OF BUSINESS, JANUARY 26,1927(in thousands of dollars) Federal Reserve District Boston Hew York Phila. Cleve. Rich. Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas San Fran. Total dumber of reporting "banks 37 92 50 7% 67 35 97 31 24 66 U5 63 °81 Loans and discounts, gross: .. Secured by U.S.Govt, oblig. 9,646 51.l4l 10,625 21,SOI 5,268 5,799 18,077 5,128 3,312 4,l44 2,238 5,724 142,903 Secured "by stocks & bonds 34i,376 2,262,05% 419,334 556,223 156,596 108,639 858,262 192,722 77,349 116,808 73,520 316,781 5 , 4 7 9 , 6 0 8 All other loans & discounts 64i,054 2,811,768 377,992 785,622 366,063 389,474 1,251,149 306,369 160,422 294,4o0 230,407 956,700 8,577,486 Total loans and discounts 992,076 5,124,967 807,951 1,363,646 527,927 503,912 2,127,488 504,219 241,083 4l5,4l2 312,165 1,279,211 14,200,057 Investments: , , . U.S. Government securities 134,688 9%1 >090 88,430 259,620 06,078 37,37*?' 282,981 65,502 65,383 101,150 49,030 251,843 2,343, 71 Other bonds,stocks & secur. 249,009 1,213,862 273,585 359.**90 69,295 58,986 451,667 121,136 49,165 9 M 5 0 22,982 232,231 3,196,258 Total investments 383,697 2,154,952 362,015 619,110 135,373 96,662 734,648 186,63s 114,548 196,000 72,012 484,074 5,539,729 Total loans and investments 1,375,773 7,279,919 1,169,966 1,982,756 063,300 600,574 2,862,136 690,857 355,631 6 l l , 4 l 2 384,177 1,763,285 19,739,786 Reserve balances with F.R.Bk. 98,831 718,397 78,939 125,551 4i,990 4o,434 237,993 46,4oo 23,9^4 55,138 27,871 110,623 1,606,111 Cash in vault 20,646 72,764 15,916 29,269 13,810 11,366 46,591 7,601 5,666 12,383 9,880 22,285 268,177 Net demand deposits Time deposits Government deposits 907,042 5,544,917 424,842 1,365,977 12,270 36,206 B i l l s payable and rediscounts with F. R. Bank: Secured by U.S. Govt., oblig. 465 All other 8,779 Total borrowings from F. R. Bank 9,244 778,520 1,025,293 392,95% 340,642 1,723,397 405,686 212,240 492,019 270,195 251,246 823,245 214,662 225,491 1,045,389 226,980 125,366 146,734 101,781 17,036 9,675 3,461 7,6l4 11,645 3,082 628 1,697 3,977 785,698 12,878,603 922,619 5,874,332 12,297 119,588 28,110 9,038 5,350 2,564 22,355 12,353 2,338 5,768 207 11,364 38,728 16,204 2,080 491 35 1,310 2,017 2,543 575 1,720 11,905 10,805 . r 114,165 82,939 37,148 7,91% 34,708 8,106 11,571 5%,932 2,571 1,345 4,560 2,295 22,710 197,104 100,774 49,013 2,178,958 548,44$ BANKERS' BALANCES OF REPORTING MEMBER BANKS IN FEDERAL RESERVE BANK CITIES Dae to banks Due from banks 132,449 i,o4i,363 32,7-56 93,851 l6s,s46 51,295 48,522 25,760 34,085 15,281 18,571 l4,26l 361,836 149,796 89,002 28,457 52,896 19,247 99,033 41,531 31,581 27,187
@FedFRASER