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STATEMENT FOR THE PRESS S t . 5028 F e d e r a l Reserve Board, J u l y 19, 1926. For immediate r e l e a s e CONDITION cr BANKS IN LEADING C I T I E S The F e d e r a l R e s e r v e 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 599 r e p o r t i n g memb e r banks i n l e a d i n g c i t i e s as of J u l y 14 shows d e c l i n e s of $ 4 5 , 0 0 0 , 0 0 0 and ^ 9 1 , 0 0 0 , 0 0 0 , r e s p e c t i v e l y , i n l o a n s and d i s c o u n t s and b o r r o w i n g s f r o m t h e F e d e r a l r e s e r v e banks, and i n c r e a s e s of $ 2 , 0 0 0 , 0 0 0 i n i n v e s t m e n t s , *41, X)0,000 i n net d e mand d e p o s i t s and $ j l , 0 0 0 , 0 0 0 i n time d e p o s i t 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 $ 5 2 , 0 0 0 , 0 0 0 i n l o a n s and d i s c o u n t s , $53,00 0,000 i n net d e mand d e p o s i t s and $ £ 0 , 0 0 0 , 0 0 0 i n borrowings f r o m t h e F e d e r a l r e s e r v e bank. ^ Leans on s t o c k s and b o n d s , i n c l u d i n g U. S. Government o b l i g a t i o n s , were <•-42,000, oOO below t h e p r e v i o u s week 1 a t o t a l , 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 $ 6 2 , 0 0 0 , 0 0 0 i n t h e New York d i s t r i c t and an i n c r e a s e of $ 1 5 , 0 0 0 , 0 0 0 i n th:. Cnicago d i s t r i c t . "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 £7, 000,000 d u r i n g t n e w ;ek ,a r e d u c t i o n ; of $ 1 ? , 0 0 0 , 000 i n t h e New York 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 s:null 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 . 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 cured by s t o c k s and oends, made by r e p o r t i n g member banks i n New York C i t y were til,COu,JUG below the J u l y 7 t o t a l , l o a n s f o r t h e i r own account h a v i n g d e c l i n e d $6 6 , 0 0 0 , 0 0 0 , while l o a n s f o r o u t - o f - t o w n banks and f o r o t h e r s i n c r e a s e d by $ 6 4 , 0 0 0 , 0 0 0 and $ 2 1 , 0 0 0 , 0 0 0 , r e s p e c t i v e l y Holdings of United S t a t e s s e c u r i t i e s and o t n e r bonds, s t o c k s and s e c u r i t i e s show l i t t l e or no caange a t r e p o r t i n g banks i n any of t h e r e s e r v e d i s t r i c t s . Net demand d e p o s i t s were ^ 4 1 , 0 0 0 , 0 0 0 above t h e J u l y 7 t o t a l , t h e p r i n c i p a l changes i n c l u d i n g i - c r e a s e s of $ 4 0 , 0 0 0 , 0 0 0 i n t h e Cnicago d i s t r i c t , $22,000,000 i n t h e San F r a n c i s c o d i s t r i c t , $ 1 7 , 0 0 0 , 0 0 0 i n t h e Boston d i s t r i c t and $ 1 3 , 0 0 0 , 0 0 0 i n t h e Kansas C i t y d i s t r i c t , and r e d u c t i o n s of $ 5 4 , 0 0 0 , 0 0 0 2nd $ 1 0 , 0 0 0 , 0 0 0 i n t h e New York 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 . Time d e p o s i t s i n c r e a s e d $ 2 2 , 0 0 0 , 0 0 0 a t r e p o r t i n g banks i n the Now York d i s t r i c t and $31,000,COO at a l l r e p o r t i n g banks. Borrowings f r o m t h e F e d e r a l r e s e r v e banks d e c l i n e d $91»000,000 f o r t h e week, of which ^ 2 9 , 0 0 0 , 0 0 0 was r e p o r t e d by banks i n t h e New York d i s t r i c t . A summary of changes i d 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 u l y 14, 1926, f o l l o w s : Increase or decrease during V'eek Year Loans and d i s c o u n t s , t o t a l Secured by U . 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 • -$45,000,000 - 1,000,vOO - 41,000,000 - 7,000,000 + $723,000,300 a , 000,000 + 405,000,000 + 339,000,000 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 . + 2,000,000 + c,o00,000 + + 171,000,000 cj,000,000 234,000, x o + + 21,000,000 16,000,000 - 1,000,000 R e s e r v e b a l a n c e s w i t h F. R. banks . . , 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 + 4 1 , 0 0 0 , COO + 31,000,000 - 1 2 , 0 0 0 , COO Total b o r r o w i n g s f r o m F. R. Banks . C. 4,000,000 91,000,COO + + + 65,000,000 522,000,000 66,000,000 35,COO,000 For immediate r e l e a s e PRINCIPAL RESOURCES AND LIABILITIES OF REPORTING MEMBER BANKS IN LEADING CITIES (In__thcusanas of d o l l a r s ) R e p o r t i n g mornber "bants A l l r e p o r t i n g member banks i n I«ew York City J u l y 14 July 7 j J u l y 15 J u l y 14 J u l y 15 July 7 1926 1926 j 1925 1926 1926 1925 Rimber of r e p o r t i n g "banks 62 *700 58 699 58 731 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 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 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 Reserve b a l a n c e s w i t h F. R. Banks 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 de r o s i t s B i l l s p a y a b l e ana red 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 other - - - - - - - - - - - - - - T o t a l b o r r o w i n g s f r o m F. R. Banks - - 144 , 293 1 45,139 16k, ° l 4 44,263 50,327 8 , 3 9 b , 0 7 4 »g,402,601 g,O57,357 2 , 2 8 9 , 1 7 0 2.305 , 37 6 2 , 1 5 5 , 9 6 5 14,009,371 14,055,050 13,265,922 4,395,478 4,477,377 4,207,031 2,494,350 3,160,410 5,054,796 2,494,004 3,158,10b 5,652,710 910,260 9 4 2 , 4 8 5 903,804 2,556,949 2,9=^0,020 918,103 910,528 8.51,754 5 , 4 6 3 , 5 0 9 1 , 6 2 1 , 9 0 7 1 , 8 20,785 1 , 7 9 4 , 2 3 9 19,604,167 1 9 , 7 1 0 , 7 9 0 1 8 , 7 6 9 , 4 9 1 6 , 2 1 7 , 3 o 5 6 , 2 9 8 , 1 6 5 6 , 0 0 1 , < 7 0 1,667,9# 293,214 1,608,872 297,551 1,646,888 277,37£ 095,788 67,065 730,516 69,152 700,440 61,367 13,052,760 13,011,039 12,987,280 5,018,296 5,071,54; 5,089,508 851,050 844,853 786,183 5 , 6 8 5 , 2 1 3 5,654,512 5,163,729 25,090 141,838 153,088 75,598 27,270 9,035 168,136 125,472 296,60s 231,159 157,610 388,775 158,781 102,479 261,260 Loans to 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 bends) made by r e p o r t i n g member banks i n New York C i t y : For own a c c o u n t For a c c o u n t of o u t - o f - t o w n banks . . . . For account of o t h e r s Total On demand 0. On time . . . . . • 45,900 5,468,999 * 5,510,34 0 5,063,651 2 , 0 6 0 , 4 0 8 2,127,23S 2 , 0 0 0 , 6 7 9 76,450 27,496 103,946 136,550 47,771 184,321 932,813 1,019,29s 1,016,142 951,852 631,63s 652,296 2,602,788 2,601,257 1,924,965 1,940,069 676,292 662,719 42,755 28,940 71,695 S t . 5022a R e p o r t i n g member banks i n Chicago J u l y 14 July 7 J u l y 15 1926 1926 1925 46 46 46 14,016 15,970 21,784 616,932 605,811 632,523 702,468 674,412 707,377 1,353,916 1,341,370 1,302,007 165,005 203,786 3b9,451 165,678 205,743 374,421 174,065 195,877 369,942 1,723,367 1,715,791 1,671,949 169,405 23,167 154,695 24,014 l65,756 24,706 1,154,457 1,169,471 1,174,808 474,701 520,230 514,781 8,255 5,469 5,931 7,074 3,657 10,731 *Revised f i g u r e s . 10,079 4,223 14,362 5,310 2,48 2 7,792 F o r immediate r e l e a s e g t ^ 5028b PRINCIPAL RESOURCES AM) LIABILITIES OF ALL REPORTING- MEMBER BANKS IN EACH FEDERAL RESERVE DISTRICT AS AT CLOSE OF BUSINESS, JULY 14, 1926. ( i n t h o u s a n d s of d o l l a r s ) Fader-il Reserve D i s t r i c t Boston New York P h i l a . CI eve. Rich. Atlanta Chicago S t . Louis Minn. Kans...6y. D a l l a s San F r a n . T o t a l Number of r e p o r t i n g banks 38 96 51 75 6s 36 99 32 24 67 48 65 699 Loans and d i s c o u n t s , g r o s s : Secured by U . S . G o v t . o b i i g . 7,&9& 49,921 Secured by s t o c k s & bonds 342,955 2,349,106 All o t h e r l o a n s & d i s c o u n t s 057,021 2,624,bb4 T o t a l l e a n s and d i s c o u n t s 1,007,874 5,0^3,691 11,272 18,591 4,403 5,670 19,727 8,183 3,384 3,807 3,925 7,517 144,298 409,952 55°,570 138,855 1 0 3 , 9 7 6 844,158 191,094 76,86b 111,391 65,941 281,135 5 , 4 6 3 , 9 9 9 375,950 739,737 369,391 3&7,449 1 , * 7 0 , 7 ^ 5 309,329 1 5 ^ , 6 2 0 331,733 223,842 903,593 8,396,074 797,174 1 , 3 5 3 , 3 9 8 512, c4% 4 9 7 , 0 9 5 2,134,03O 508,606 232,870 446,931 296,708 1,192™245 1 4 , 0 0 9 , 3 7 1 Investments: U.S. Government s e c u r i t i e s 1 4 9 , 7 1 2 1 , 0 2 2 , 8 4 0 Other b o n d s , s t o c k s & s e c u r . 2 4 7 , ^ 6 5 1,227 , 391 Total investments 396,977 2,250,231 82,738 265,b36 348,374 284,114 66,157 355,676 73,037 639,790 1 3 9 , 1 9 4 40,388 57,455 97,843 308,939 61,414 69,056 1 0 4 , 3 1 8 447,928 1 1 5 , 5 6 2 4 5 , 5 2 9 9 0 , 7 1 5 756,867 1 7 6 , 9 7 6 114,885 195,033 52,399 22,079 74,478 252,311 211,637 464,143 2,494,386 3,160,410 5,654,796 T o t a l l o a n s and i n v e s t m e n t s 1,404,851 7 , 2 7 3 , 9 2 2 1 , 1 4 5 , 5 4 8 1 , 9 9 8 , 6 8 8 651,843 594,938 2 , 8 9 1 , 4 9 7 685,582 3 4 7 , 7 5 5 641,$64 3 7 1 , 1 2 6 1 , 6 5 6 , 3 9 3 1 9 , 6 b 4 , l 6 7 Reserve b a l a n c e s w i t h F . R . B k . 1 0 2 , 4 5 8 Cash i n v a u l t 22,000 Net demand d e p o s i t s Tims d e p o s i t s Government d e p o s i t s 925,515 5,602,163 422,7&7 1 , 2 9 0 , 0 8 2 22,772 25,096 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 . G o v t . o b i i g . 8 , 0 9 0 A n other 10,164 Total borrowings f r o m F - R - Banlc 757,547 £2,757 18,254 £8,495 30,425 118,020 80,735 16,941 133,571 32,290 41,017 14,109 41,280 11,725 253,208 52,913 46,154 5, 720 21,322 6,156 54,048 12,718 27,153 10,562 774,169 1 , 0 5 4 , 6 3 9 378,285 343,518 1 , 8 1 1 , 5 3 8 400,682 209,830 515,112 259,681 233,906 8 2 7 , 1 9 1 209,052 221,883 1 , 0 5 6 , 9 2 5 212,679 1 1 6 , 9 9 8 145,839 9 9 , 8 3 2 2,660 4,864 4,252 1 7,212 1 7 , 263 5,863 6,733 1 2,708 4,779 5,680 6,352_ 12,632 1OA,487 22,323 1,667,980 293,214 768,628 .13,052,760 843,009 5 , 6 8 5 , 2 1 3 I4,6l6 _,l4l,838 16,276 6,155 2,755 11,590 1,317 14,915 16,497 13,059 1,623 13,735 2,120 160 3,019 4,32s 982 4,294 21,282 12,095 168,136 128,472 23,031 14,345 16,232 29,556 15,358 2,280 7,347 5,276 33,377 296,608 102,805 59,166 2,231,429 618,103 BANKERS ' BALANCES OF REPORTING MEMBER BANKS IN FEDERAL RESERVE BANK CITIES Due t o b a n k s Due from banks c. 134,I08 1,083,184 40,715 112,167 173,396 59,869 50,622 26,746 31,512 lb,393 15,422 13,084 377,410 160,757 82,317 28,434 46,929 108,452 27,050 48,100 25,206 25,622
@FedFRASER