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STATEMENT FOR THE PRESS s t . 6260 Federal Reserve Board, July 15, 1929. For immediate r e l e a s e CONDITION OF WEEKLY REPORTING MEMBER BANKS IN LEADING CITIES The Federal Reserve Board's condition statement of weekly reporting member banks i n 101 l e a d i n g c i t i e s on July 10 shows decreases of $'51,000,000 in loans and investments, of $123,000,000 i n net demand d e p o s i t s , of $25,000,000 i n time . deposits and of $39,000,000 i n Government d e p o s i t s , and an increase of $24,000,000 i n "borrowings from Federal reserve "banks. Loans on s e c u r i t i e s declined $49,000,000 at a l l reporting banks, $72,000,000 i n the New York d i s t r i c t , and $7,000,000 i n the Cleveland d i s t r i c t , and increased $8,000,000 in the Boston d i s t r i c t , $7,000,000 each i n the Atlanta and Chicago d i s t r i c t s and $6,000,000 i n the Philadelphia d i s t r i c t . "All other" loans increased $11,000,000 a t reporting banks i n the New York d i s t r i c t , $7,000,000 each in the Cleveland and Chicago d i s t r i c t s , $6,000,000 i n the Kansas City d i s t r i c t and $30,000,000 a t a l l reporting banks. Holdings of U. S. Government s e c u r i t i e s declined $19,000,000 a t a l l reporting banks and $10,000,000 in the San Francisco d i s t r i c t , and holdings of other s e c u r i t i e s declined $6,000,000 each i n the Boston and New York d i s t r i c t s and $11,000,000 a t a l l reporting banks. Net demand d e p o s i t s , which at a l l reporting banks were $123,000,000 below the July 3 t o t a l , declined $109,000,000 i n the New York d i s t r i c t , $14,000,000 in the Boston d i s t r i c t , $13,000,000 in the Chicago d i s t r i c t and $6,000,000 i n the Philadelphia d i s t r i c t , and increased $12,000,000 i n the San Francisco d i s t r i c t and $8,000,000 i n the Cleveland d i s t r i c t . Time deposits declined $8,000,000 i n the Cleveland d i s t r i c t , $6,000,000 in the San Francisco d i s t r i c t and $25,000,000 at a l l reporting banks. The p r i n c i p a l changes i n borrowings from Federal reserve banks f o r the week were i n c r e a s e s of $ l 4 , 0 0 0 , 0 0 0 and $7,000,000, r e s p e c t i v e l y , a t the Federal Reserve Banks of New York and Boston. 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 reporting member banks, together" with changes during the week and the year ending July 10, 1929, follows: (In m i l l i o n s of d o l l a r s ) Increase or decrease since July 10,1929 July 3.1929 July 11. 1928 Coans and investments - t o t a l 22,434 - 51 + Loans - t o t a l 16,906 - 19 +i,oi4 On s e c u r i t i e s All 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. Banks Cash i n vault Borrowings from F. R. banks C. + 30 - 49 + + 70s 306 5,528 - 32 - 612 2,740 2,789 - 19 11 1,677 275 - 47 + 32 13,170 6,654 15% 1.090 - + - + 91* 2,683 - 203 850 + 24 265 346 64 14 127 232 1 1 1 Due from banks Due to banks 7.711 9.195 cx? H Net demand deposi t s Time d e p o s i t s Government d e p o s i t s 402 32 49 265 - 20 •July 3 f i g u r e s r e v i s e d . . ,. . I c r immediate r e l e a s e Federal Rosorvo Board j u l y 11> CONDITION OF WEEKLY REPORTING MEMBER BANKS IN CENTRAL RESERVE CITIES (In m i l l i o n s of d o l l a r s ) J u l y 10, 1929 J u l y 3, 1929 J u l y 11, 1928 7,46l 7,525 J 19I4 5Jgi 5,8^3 5,271 NEW YORK Loans and investments - t o t a l . Loans - t o t a l 1% I S Investments - t o t a l 1,679 1,682 qljO 739 Q7q j42 7k 0 55 vr? 3g l^g Due from banks Due to banks IO7 894 *]?%. 9g9 Borrowings from F. R. Bank 34l 3^ 1,201 1,624 2,930 1,255 1,580 2,934 5,755 5,769 942 1,554 1,747 4,243 5,369 387 5,383 386 3,201 1,042 1,998 2,002 2,034 1,585 1,586 1,539 898 687 902 684 852 687 412 4i6 495 168 244 168 248 229 266 166 20 174 17 186 19 1,195 628 11 1,217 628 l4 1,253 690 2 143 313 i4i 327 161 357 64 57 66 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 in v a u l t Government d e p o s i t s Loans on For For For s e c u r i t i e s to "brokers and d e a l e r s : own account account of out-of-town banks account of others Total On demand On time 1,923 •> lpn 'g^ 7hc 7 ^| h ' f^ ^ q . CHICAGO Loans and investments - t o t a l Loans - t o t a l 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 u c i r i t 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 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 f rom banks Due to banks Borrowings from F. R. Bank Digitized * ' for FRASER 'Revised. ( g t . 6260a) For immediate r e l e a s e St. 6260b FRIHC1PAL RESOURCES AED LIABILITIES OF WEEKLY HEPORTIIC- MEMBER BAITKS I1T EACH FEDERAL RESERVE DISTRICT Oil JULY 10, 1929 (In m i l l i o n s of d o l l a r s ) Federal Total Boston Hevr York P h i l a . Loans and i n v e s t m e n t s - t o t a l 22,434 1.515 8,721 1.230 Loans - t o t a l 16,906 1,166 6.734 9a 7,711 9.195 492 674 3.491 3.244 482 439 5.52S 349 1.987 2,74o 2,739 173 176 1,677 275 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 with F. R. Bank Cash i n vault Het 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 Due to banks Borrowings from F. R. Bank C. CIeve. Reserve St. Chicago Louis Minn. District Kansas Dallas !j San Fran. City i Rich. Atlanta 2,194 679 649 3,291 679 375 694 471 1.936 1.543 5a 517 2.599 510 251 465 348 1,331 713 831 201 320 156 361 1,222 1,376 233 277 86 165 ia 344 105 243 4io 9a 309 651 159 132 692 169 124 229 123 605 1,043 944 96 213 309 341 74 85 60 71 314 378 59 110 5? 106 123 83 4o • 351 254 95 21 798 72 76 16 125 32 38 15 39 11 246 46 43 8 25 7 53 13 29 10 109 26 13.170 6,654 154 906 457 8 5.851 1.607 4i 7a 264 15 1.034 951 16 355 243 7 316 244 11 1,837 1,225 15 370 222 4 224 132 2 502 179 3 282 l4l 9 774 988 23 1.090 2.683 4i 113 147 951 57 156 92 195 48 90 69 90 210 437 50 105 54 73 115 207 76 155 189 850 63 380 31 66 28 44 107 31 9 29 15 48
@FedFRASER