The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
STATEMENT FOR THE PRESS St.5019 F e d e r a l Reserve Board J u l y 12, 1926. For immediate r e l e a s e . CONDITION OF MEMBER BANKS IN LEADING- CITIES The F e d e r a l Reserve B o a r d ' s weekly c o n d i t i o n s t a t e m e n t of 701 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 a s of J u l y 7 shows d e c l i n e s of $77,000,000 i n l o a n s and d i s c o u n t s , $28,000,000 i n i n v e s t m e n t s , $240,000,000 i n n e t demand d e p o s i t s and an i n c r e a s e cf $100,000,000 i n "borrowings from t h e F e d e r a l r e s e r v e t a n k s . Member banks i n New York C i t y r e p o r t e d r e d u c t i o n s of $73,000,000 i n l o a n s and d i s c o u n t s , $191,000,000 i n n e t demand d e p o s i t s and an i n c r e a s e of $134,000,000 i n borrowings from t h e F e d e r a l r e s e r v e bank. Loans on s t o c k s and 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 $44,000,000 below t h e p r e v i o u s week's t o t a l , t h e l a r g e r r e d u c t i o n of $76,000,000 i n the New York 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 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 $33,000,000. T o t a l l o a n s 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 banks i n New York City were $37,000,000 above t h e June 30 t o t a l , l o a n s f o r t h e i r own account having d e c l i n e d $84,000,000, w h i l e l o a n s f o r olat-of-town banks and f o r o t h e r s i n c r e a s e d $63,000,000 and $53,000,000, r e s p e c t i v e l y . Holdings of U. S. s e c u r i t i e s d e c l i n e d $17,000,000, t h e p r i n c i p a l changes b e i n g a r e d u c t i o n of $17,000,000 i n t h e Chicago d i s t r i c t end an i n c r e a s e of $10,000,000 i n t h e Boston d i s t r i c t . Holdings of o t h e r bonds, s t o c k s and s e c u r i t i e s f e l l o f f $11,000,000 a t a l l r e p o r t i n g banks and $9,000,000 a t r e p o r t i n g member banks i n t h e Chicago d i s t r i c t . Net demand d e p o s i t s were $240,000,000 below the June 30 t o t a l , the p r i n c i p a l changes i n t h i s i t e m i n c l u d i n g r e d u c t i o n s of $214,000,000 i n t h e New York d i s t r i c t , $32,000,000 i n t h e Chicago d i s t r i c t , $17,000,000 i n t h e San F r a n c i s c o d i s t r i c t , and $10,000,000 and $8,000,000 i n the D a l l a s and Minneapolis d i s t r i c t s , r e s p e c t i v e l y , and i n c r e a s e s of $12,000,000 i n the Cleveland d i s t r i c t , $10,000,000 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 , $8,000,000 i n the Richmond d i s t r i c t and $7,000,000 each i n the A t l a n t a and S t . Louis d i s t r i c t s . Borrowings from t h e F e d e r a l r e s e r v e banks were $100,000,000 above the p r e v i o u s week's t o t a l , i n c r e a s e s of $137,000,000 i n the New York d i s t r i c t and $11,000,000 i n the San F r a n c i s c o 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 r e d u c t i o n s of $29,000,000 and $9,000,000 i n the Chicago and P h i l a d e l p h i a d i s t r i c t s , r e s p e c t i v e l y . 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 ending J u l y 7. 1926, 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 Week Year Loans and d i s c o u n t s , t o t a l Secured by U.S. Gov-'t. o b l i g a t i o n s Secured by s t o c k s and bonds . . . All other . . - $77,000,000 . . - 3,000,000 41,000,000 33,000,000 + + 441,000,000 365,000,000 Investments, t o t a l U. S. 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 28,000,000 17,000,000 11,000,000 + 154,000,000 + 204,000,000 Reserve b a l a n c e s w i t h F. R. banks Cash i n v a u l t . + 8,000,000 + 20,000,000 + + 52,000,000 8,000,000 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 - 240,000,000 + 6,000,000 - 10,000,000 + + + 122,000,000 490,000,000 65,000,000 + 100,000,000 + 141,000,000 T o t a l borrowings from F. R. Banks . . . . . . . . - + $778,000,000 28,000,000 - 50,000,000 Number of r e p o r t i n g banks .-or imine a i a t e r e l e a s e PRINCIPAL RESOURCES AND LIABILITIES OF REPORTING MEMBER BANKS IN LEADING CITIES (In thousands 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 City July 7 June 30 July 8 June 30 July 8 July 7 1926 1921S 1926 1926 1925 1925 701 702 62 58 58 733 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 stocks and bonds - - - - - - A l l o t h e r l o a n s and d i s c o u n t s - - - - - Total loans 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, stocks and s e c u r i t i e s Total investments - - - - - - - - Total l o a n s and investments - - - - - Reserve "balances with F, R, Banks Cash 1n v a u l t ————— ^ Met 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 B i l l s payable and r e d i s . w i t h F. R. Banks: Secured by U. S. Government o b l i g a t i o n s All o t h e r - - - - - - - - - - - - - - Total borrowings from F. R. Banks - - 145,139 145,415 172,991 5,533,340 5,574,866 5,092,413 8,379,601 8,412,217 8,014,824 14,058,05014.,! 35,498 13,280,228 2,494,604 2,511,530 3 , 1 % , 1 0 6 3,169 ,18b 5,652,710 5,680,766 2,544,227 2,953,830 5,498,057 910,260 932,759 913,337 910,528 874,048 907,079 1,820,788 1,320,416 1,806,807 19,710,790 1 % 1 6 , 2 6 4 18,778,285 6 , 298,165 6,370,607 6,053,621 l , o b 8 , 8 7 2 1,660,684 297,581 277,274 1,616,432 229,744 13,011,639 13^52,106 12,890,060 5,654,512 5,640,825 5,164,211 153,608 103,864 88,905 *31,159 157,616 388,775 160,433 128,063 <d8b,49b 151,626 96,363 <47,989 Loans t o brokers and d e a l e r s (secured by stocks and bonds) made by r e p o r t i n g member banks i n New York C i t y : For own account For account of out-of-town banks . . . • For account of o t h e r s . . . . . . . . . . Total On demand . . . . . n On time 44,263 44,553 54,491 2,127,23s 2,209,125 2,049,187 2,305,876 2,296,513 2,143,136 4,477,377 4,550,191 4,246,814 730,516 69,152 709,170 64,273 698,598 66,004 5,071,545 5,262,451 5,098,752 846,914 844,853 787,334 <7,270 28,710 10,625 136,550 47,771 184,3a 40,425 9,540 4^,965 1,019,298 1,102,844 951,852 883,587 631,63s 578,746 2,602,788 2,565,177 1,940,069 1,889,762 662,719 675,415 59,295 18,954 73,849 a t . 501Oa Reporting member banks i n Chicago July 8 July 7 JJune 3O 1926 I 1926 1925 46 46 46 15,970 22,778 15,537 618,294 616,932 595,023 708.468 701.069 671.561 1,341,370 1,334,900 1,289,364 165,678 208,743 374,421 184,099 219,459 403,55s 172,660 199,689 372,349 1,715,791 1,738,458 1,661,713 154,695 24,014 170,611 21,424 157,892 25,426 1,169,471 1,184,987 1,152,580 514,781 514,041 479,655 5:931 6,229 9,720 10,079 4,283 14,362 28,229 8,710 33,437 9,315 5,208 605 For immediate r e l e a s e rRiNuIPAu RESOURCES A^TD LIhBILITI .iS OF ALL REPORTING MEMBER BANKS IN EACH FEDERAL RESERVE DISTRICT AS AT CLOSE OF BUSINESS, JULY 7,1926. ( I n thousands of d o l l a r s ) ' ' Boston New York Phi l a . CI eve. Rich. Atlanta Chicago S t . Louis Minn. Kans.Cy. D a l l a s San Fran. Total i-edar.il n e s e r v e D i s t r i c t 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. Govt, o b i i g . 35 96 8 , 364 48, 3 3 7 T o t a l l o a n s and d i s c cunts 1.U05, 303 5,101,932 Investments: U.S. C o v e n a n t s e c u r i t i e s r\ f\ y\ r* ^ r« — r-i.-r o V <* •-» Total ii'iV-i stn.ent3 147,862 1,028,104 3 h H C. i^"7 1 "711 A 396,729 2,249,844 52 75 68 11,158 IS, 7O3 4,340 Net derrand d e p o s i t s Time d e p o s i t s Goverijnvnt d e p o s i t s 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. Bank: Secured by U.S. Govt, o b l i g . All o t h e r T o t a l borrowings from F - R" 94,126 21,o43 99 5,605 21,814 32 8,943 %-m 24 67 2,^90 3 733 48 66 « 3 075 %%% 7 (=77 701 nq m>% 800,497 1 , 3 6 4 , 3 2 6 510,910 4 9 7 , 0 / 4 2,118,435 504,407 £32,725 436,600 207,733 1 , 1 8 6 7 0 ^ 4 ^ 5 ; 050 82,701 O d\ I CTf^. "7 347,20'? T o t a l l e a n s and i n v e s t m e n t s 1 ,402,122 7,351,776 1 ,147,701 Reserve b a l a n c e s w i t h F.R.Bk. Cash i n v a u l t 36 757,680 57,040 53,102 16,125 905,368 5, 055,9^7 422,375 1,267,909 24,755 30,537 784,4b5 229.562 15,705 251,207 65,452 ' r~?i -1 —7 __T. 642,109 136,629 35,6-76 1, SI 9 , 97,417 308,837 6 0 , 5 9 9 68,015 1 0 3 , 9 9 3 ,~ ^ r ^ \ __. /_2_, ^u-v, 753,163 175,701 113,561 194,203 i, 53,715 2 5 4 , 6 4 ) 2 4q4 604 > V ) cw- ,C1H 1 , 1 , i. UD ^T^TT.I^TTIO ^ 75,673 ,006,435 647,539 594,491 2,877,601 680,102 346,286 630,803 373,406 1,652,522 19,710,790 121,167 33,71b 46,141 14,30b 40,285 11,521 232,675 53,485 45,512 8,233 25,084 b,142 58,718 12,729 2b,933 10,293 104,143 22,343 O52,o58 378,443 337,705 1,771,588 408,923 213,389 502,484 251,195 519,9^3 211,034 223,936 1 , 0 5 1 , 3 7 5 212,230 116,306 146,212 105,826 I S . 187 5,920 7,541 13,305 5,179 <i,6b0 5,290 4,622 3,340 18,179 156,740 50,783 4,156 4,929 13,15b 9,96/ 2,330 11,345 1,033 14,425 20,929 15,532 2,566 8,952 21,519 207,52s 9,027 23,153 13,678 15,461 36,461 11,540 " 2,570 - 2,759 6,169 1,48 5 3,840 2,570 8,92s 5,325 i,bbS.?72 297,551 746,451 13,011,639 847,7b4 5,654,512 15,587 153,685 20,041 13,454 '— 33,525 231 159 157^16 — 355,775 105,495 52,273 2,233,176 599,046 BANKERS' BALANCES OF REPORTING MEMBER BANKS IN FEDERAL RESERVE BANK CITIES Dee to banks jue irom banks 134,^43 1 , 0 9 7 , 1 4 0 37,24b 104,244 154,569 62,380 49,135 29, (00 31,755 1 4,618 16,453 1 4,444 394,065 1 61,182 87,764 49,725 106,057 29,083 22,901 46,361 26,775 24,614
@FedFRASER