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STATEMENT FOR THE PRESS S t . 4593 Federal Reserve Board, July 16, 1925. Bel eased f o r publication. Friday afternoon, July 17; not e a r l i e r . CONDITION OF MEMBER BANKS IN LEADING CITIES The p r i n c i p a l changes i n the condition of 733 reporting member banks in leading c i t i e s during the week ending July 8, as shown i n the statement issued by the Federal Reserve Board, comprise decreases of $95,000,000 in loans and discounts, of $19,000',000 in investments, of $164,000,000 arkl $24,000,000, r e s p e c t i v e l y , in net demand and Government d e p o s i t s , and of $59,000,000 i n borrowings from the Federal reserve banks. The New York City members reported reductions of $121,000,000 in loans and discounts, $4^000,000 i n investments, $117,000,000 in net demand deposits and $18,000,000 in borrowings from the Federal reserve bank. Loans cn stocks and bonds f e l l off $75,000,000, the l a r g e r d e c l i n e of $107,000,000 i n the New York d i s t r i c t being p a r t l y o f f s e t by an increase of $34,000,000 in the Chicago d i s t r i c t . "All other" loans and discounts, l a r g e l y commercial, decreased by $14,000,000. Banks in the New York and. Chicago d i s t r i c t s reported reductions of $10,000,000 each and smaller reductions were reported f c r the Atlanta, Minneapolis, Kansas City and Dallas d i s t r i c t s , while s l i g h t increases were shown f o r the Boston, Philadelphia, Cleveland., Richmond and. San Francisco districts. Investments i n U. S. s e c u r i t i e s were reduced by $6,000', 000, and holdings of ^ other bonds, stocks and s e c u r i t i e s - by $13,000,000, the p r i n c i p a l changes occuring in the Chicago and S t . Louis d i s t r i c t s . Net demand deposits show a d e c l i n e of $164,000,000, of which $133,000,000 was in the New York d i s t r i c t and $20,000,000 in the Boston d i s t r i c t . Government deposits declined ty $24,000,000, small reductions being shewn f o r a l l reserve d i s t r i c t s . The p r i n c i p a l changes i n borrowings from the Federal reserve banks were de- i creases of $24,000,000 and $17,000,000 in the New York Snd Chicago d i s t r i c t s , respectively. A summary of changes in 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 reporting members during the week and the year end ing July 8, 1925, follows• Increase or decrease Week = n u ? 8 s r " ^ . t Year iSB : loans and <lis=o™t,, t o t a l I during - *95,000,000 0 t a l iloooioS + u^ioooi&c 13,000,000 + 431,000,000 999 12,000,000 + S 3 S 1 E E - ^o'nnn'onn 9,000,000 ! tSE Total accommodation at F. R. Banks . . . . . . 59,000,000 + 164,000,000 SOther : : : bonds, - ' . I + $10B3,000,000 : : : : : : : -- stocks and s e c u r i t i e s . . . . Reserve balances with F. R. Banks Cash in v a u l t + Released f o r p u b l i c a t i o n nriday a f t e r n o o n , July 17, 1925; not e a r l i e r . S t . 4593a PRINCIPAL RESOURCES AM) LIABILITIES OF REPORTING MEMBER BANK'S IN LEADING CITIES All r e p o r t i n g Member banks 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 - - Total loans and d i s c o u n t s Investments: U. S. Pre-war bonds - - - - - - - U. S. L i b e r t y bonds - - - - - - - U. S. Treasury bands - - - - - - 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 loans and investments Reserve balances with F. R. Banks - 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 . with E. R. Banks: Secured by U.S. Government o b l i g a t i o n s - Ail other Total borrowings from E. R. Banks - - - - July 1 1925 July 9 1924 733 733 748 172,991 5,092,413 8,014,824 178,572 5,167,857 8,029,008 62 62 67 213,999 54,491 57,898 87,513 4,106,479 2,049,187 2,156,973 1,644,943 7,877,141 2,143,136 2,152,715 2,234,865 Reporting member banks in Chicago July 8 July 1 July 9 1925 19 25 1924 46 22,778 595,023 671,563 46 48 22,973 560,653 683,255 27,823 454,843 687,954 13,280,228 13,375,437 12,197,619 4,246,814 4,367,586 3,967,326 1 , 2 8 9 , 3 6 4 1,266,881 1,170,650 Total investments Cash in v a u l t Net demand d e p o s i t s July 8 1925 Reporting member banks i n New York City July 8 July 1 July 9 1925 1925 1924 219,432 1,380,184 437,241 389,86s 117,502 2,953,830 218,945 1,380,329 438,850 386,397 124,084 2,967,457 271,846 1,236,514 69,177 630,835 126,463 2,522,637 5,498,057 5,516,562 4,857,472 1,806,807 29,000 508,433 181,230 164,327 49,769 874,048 29,000 40,135 514,076j 14,926 298,582 54,867 753,798 1,810,770 1,676,684 508,261 182,917 163,696 50,113 876,783 1,933 85,403 25,527 55,884 3,913 199,689 1,933 89,315 25,787 59,201 3,631 206,788 4,136 64,280 3,747 80,596 6,390 172,633 372,349 386,655 331,782 18,778,285 18,891,999 17,055,091 6,053,621 6,178,356 5,644,010 .,661,713 1,653,536 1,502,432 1,616,432 1,662,066 1,538,366 698,598 702,711 676,429 181,013 151,688 157,892 289,744 2j8,125 298,584 66,004 63,198 69,069 25,426 23,973 30,977 12,890,060 13,053,739 12,021,354 5,098,752 5,215,561 4,890,907 .,152,580 1,173,348 1,083,421 5,164,211 5,172,152 4,437,143 787,334 796 , 780 667,139 478,422 479,685 390,582 88,905 112,855 113,559 10,625 14,966 19,686 9,720 11,625 7,090 151,626 96,363 185,7l4 121,395 23,293 55,323 59,895 18,954 68,595 28,066 4,009 2,666 8,710 605 9,962 4,075 350 1,540 247,989 307,109 8 3,676 78,849 96,661 6,675 9,315 14,037 1,890 released f o r p u b l i c a t i o n Friday afternoon, July 17, 1925; not e a r l i e r . S t . 4593b RESOURCES AND LIABILITIES OF ALL REPORTING- MEMBER BANKS IN EACH FEDEBAL BESEBVE DISTBICT AS AT CLOSE OF BUSINESS, JULY 8, 1925. (In thousands of d o l l a r s ] Federal Reserve D i s t r i c t Boston New York Phila. CI eve. Rich. Atlanta Chicago St.Louis Minn. Kans.Cy. D a l l a s Number of reporting banks San Fran. Total 42 103 76 73 100 36 33 25 71 49 Loans and discounts, gross: 70 733 Secured by U.S.Govt, obiig. 10,646 59,948 11,912 , 18,493 5,750 6,871 29,684 11,229 Secured by stocks & bonds 2,701 3,503 3,095 9,159 172,991 318,210 2,295,202 332,540 479,631 128,993 86,547 786,231 169,480 67,760 112,925 73,823 All other loans & discounts 645,812 2,452,272 241,071 5,092,41) 369,326 7*7,608 361:457 375:940 g g S i%jg? ^ a f t g 864,042 8,014,824 Total leans and discounts 974,668 4,807,422 713,778 1,245,732 496,200 469,358 2,027,184 475,940 232,628 435,620 254,426 1,114,272 13,280,22? Investments: U. S. Pre-war bonds 9,814 39,737 9,653 31,811 25,887 14,884 17,660 12,707 U, S- Liberty bonds 6,811 9,282 17,187 78,850 603,216 23,999 219,432 50,129 171,830 36,828 13,458 170,523 22,172 U. S, Treasury bonds 25,125 50,206 17,950 1,380,184 139 , 897 19,547 195,310 21,103 30,760 9,04o 5,315 60,876 11,662 12,072 13,097 U. 3. Treasury notes 7,876 50,583 437,241 9,119 176,368 9,113 42,380 1,084 2,479 75,634 7,043 18,032 Ur G. Treasury c e r t i f i c a t e s 16,039 7,528 25,049 389,568 2,552 51,822 6,329 11,653 3,132 2,450 8,835 4,060 1,535 Other bonds, stocks aid 3,634 18,028 3,472 117,502 securities 204,789 1 , 1 6 0 , 8 6 1 — 2 6 2 , 0 3 9 348,932 61,907 44,618 429,697 107,934 43,372 74,754 18,572 196,355 2,953,830 Total investments 324,671 2,227,314 Beserve balances with F.R.Bk, 95,719 753,211 Cash i n vault 20,509 8 2,670 Net demand deposits 886,100 5,657,695 Time d e p o s i t s 367,337 1,164,049 Government d e p o s i t s 6,962 13,542 3 i l l s payable and rediscounts with F. B. Bank: Secured by U.S.Govt, oblig 5,395 All o t h e r 15,659 22:025 Due t o banks Due from bank# ^ 358,366 637,366 137,873 83,204 ^ 763,225 163,053 109,472 167,012 ^ 72,585 453,911 5,498,057 II \!i II11.11M IS IS 11 175,248 8,588 739,024 204,401 204,'153 16,260 3,152 6,519 981,933 206,338 101,479 140,'176 18,778 2,244 1,588 837 1,568,183 18,778,285 106,334 1,616,432 22,881 289,744 767,479 12,890,060 94/763 785,310 5,164,211 3,585 6,850 88,905 270 638 720 349 730 1,278 BAMj^S1 BALANCES OF REPORTING MEMBER BANKS IN FEDERAL RESEBVE BAM CITIES 6:638 l l S 12 , « c § & 6,783 g : g i ^434 3,26s ^ 17,605 9,187 151,626 96,363 100,081 2,289,509 53,300 631,788
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