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STATEMENT FOli THE PRESS for i m e d i a t e r e l e a s e Jtoderal Reserro ! o 2 d . J u l y 23, 1928. CONDITION OF MEMBER BANKS IN LEADING CITIES . , F e d e r a l Reserve B o a r d ' s c o n dition statement of 637 r e p o r t i n g member "banks 168 as of in « j 2 ^ 1 8 shows decreases f o r the week of 082,000,000 i n 0f ^ 7 , 0 0 0 , 0 0 0 i n investments, of $225,000,000 i n d e p o s i t s , and of $82,000,000 i n borrowings from Federal r e s e r v e "banks. J l j b , 0 0 0 , 0 0 0 b e i n g r e p o r t e d by member,, banks i n t h e New York d i s t r i c t , $9,000,000 t L n L i C a f ° d * s * r i c t « $8,000,000 i n the Boston d i s t r i c t , and $6,000,000 each i n nrv^nnn*\ ^ A t l a n t a d i s t r i c t s . "All o t h e r " loans and d i s c a u n t s i n c r e a s e d f " e e k a t a l l r e p o r t i n g banks, the p r i n c i p a l I n c r e a s e s being 8 i n the York d i s t r i c t Chicago d i s t r i c t , and $19,000,000 a t banks i n t h e New M o + , ? ^ d l * f A o L U e s * G o v e r n m e n t s e c u r i t i e s declined $29,000,000 i n the Hew York d i s t r i c t , $10,OOO,000 m t h e Chicago d i s t r i c t , and $2%,000,000 a t a l l r e p o r t i n g anks, and i n c r e a s e d $9,000,000 i n the Boston d i s t r i c t and $6,000,000 i n t h e San ?* H o l d i n g s o f other bonds, s t o c k s , and s e c u r i t i e s d e c l i n e d 1 «pc *,Q00,000 a t a l l r e p o r t i n g banks and $13,000,000 i n t h e New York d i s t r i c t , ... J1®* temand d e p o s i t s , which a t a l l r e p o r t i n g banks were $148,000,000 below ^ne J u l y 11 t o t a l , show d e c l i n e s i n n e a r l y a l l d i s t r i c t ; , the p r i n c i p a l decreases 1? Q o ! i n g ! , H e " Y o r k $90,000,000, Chicago $23,000,000, P h i l a d e l p h i a Ik* J o m s $13,000,000, and A t l a n t a $9,000,000. Time d e p o s i t s declined 4 r e p o r t i n g banks, $21,000,000 i n the New York d i s t r i c t , and $8,000,000 each i n the P h i l a d e l p h i a and Chicago d i s t r i c t s . A decrease of $14$,000,000 i n borrowings from the Federal r e s e r v e bank of r e p o r t i n g member banks i n the New York d i s t r i c t were p a r t l y o f f s e t by i n c r e a s e s i n f-, ^ ° d i s t r i c t s , p r i n c i p a l l y - Chicago, St. Louis, San F r a n c i s c o , A A t l a n t a and Kansas City, a l l r e p o r t i n g banks showing a n e t decrease oi $62,000,000 f o r the week. 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 637 r e p o r t i n g member r chan es follows* S during the week and the year ending J u l y 18, 1928, ( I n thousands of d o l l a r s ) Loans and investments - t o t a l J u l y 18 1928 22,316,293 Loans and discounts - t o t a l 15,749,676 I n c r e a s e or decrease during Week Year - 134,254 + 1,700,533 - 87,733 + 1,175,709 Secured by U.S.Govt, o b l i g a t i o n s Secured by stocks and bonds All other loans and d i s c o u n t s Investments - t o t a l 129,139 6,632,886 8,987,651 6,566,617 + 151 - 150,943 + 63,059 46,521 U. S. Other Reserve Cash i n 2,984,930 3,531,687 1,693,803 245,173 - 22,829 23,692 54,246 16,772 13,189,802 6,911,090 93,410 1,106,173 3,085,714 787,412 - 147,981 48,082 28,986 — - 33,746 110,143 82,172 + 504,439 282,973 + 99,282 17,110 + Government s e c u r i t i e s bonds, s t o c k s and s e c u r i t i e s with F. R. Banks vault 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 from banks Due to banks Borrowings from F. R. banks - t o t a l Secured by U.S.Govt, o b l i g a t i o n s All other 4" + + + + + «• - + + 19,459 669,116 487,134 524,824 431,133 93,691 9,846 10,220 108,810 665,929 2,042 18,207 176,016 539,970 34-9,829 190,l4i Federal Reserve Board J u l y 19, 192S. For immediate r e l e a s e CONDITION OF WEEKLY REPORTING MEMBER BANES IN CENTRAL RESERVE CITIES ( I n thousands of d o l l a r s ) J u l y 18 J u l y 11 J u l y 20 NEW YORK- 45 BANKS 1927 1928 1928 Loans and investments - t o t a l 7,424,813 6,531,410 7,280,132 Loans and d i s c o u n t s - t o t a l 5,291,436 5,401,672 4,671,228 49,070 2,459,405 2,782,961 49,976 2,590,876 2,760,820 27,714 2,200,535 2,442,929 1.988.696 2,023,141 1,860,182 1,098,648 890,048 1,119,629 903,512 291,734 968,448 713,359 53,007 745,064 55,952 741,485 54,872 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 5,181,046 1,161,976 26,749 5,256,367 1,191,342 35,204 5,230,314 987,822 10,593 Dae from banks Due t o banks 92,880 1,098,422 97,457 1,149,749 35,415 1,153,324 Pil,4oo 37,620 138,670 74,730 341,596 251,600 89,996 820,201 1,602,482 1,771 ,71? 4,194,415 941,795 1,569,327 1,731,577 4,242,699 3,182,090 1,012,325 3,200,862 1,041,837 931,769 1,202,644 874,561 3,058,974 2,294,481 764,493 Loans and investments - t o t a l 2,038,552 2,038,367 1,910,935 Loans and d i s c o u n t s - t o t a l 1,544,141 1,536,502 1,466,880 14,023 782,827 747,291 494,4ii. 13,810 790,469 732,223 501,865 12,717 780,763 673,400 444,055 219,171 275,240 229,481 272,384 132,339 261,716, 178,510 17,070 136,350 18,653 161,137 19,621 1,227,172 684,515 1,236 1,252,688 690,042 2,4l6 160,681 356,967 1,253,391 603,684 7,142 153,044 351,009 80.012 66,061 9,262 70,729 9,283 56,232 9,329 3,465 797 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 All o t h e r l o a n s and d i s c o u n t s Investments - t o t a l 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 Reserve with F. R. Bank Cash i n v a u l t Borrowings from F. R. bank - t o t a l Secured by U. S. Government o b l i g a t i o n s A l l other Loans t o b r o k e r s and d e a l e r s (secured by stocks and bonds): For own account For account of out-of-town banks For account of o t h e r s Total On demand On time 27,375 9.745 CHICAGO- 4 l BANKS Secured by U. S.Government o b l i g a t i o n s Secured by stocks and bonds All o t h e r l o a n s and d i s c o u n t s Investments - t o t a l 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 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 Dae from banks Due t o banks Borrowings from F. R. bank - t o t a l Secured by U, S. Government o b l i g a t i o n s All other C. 160,134 344,291 ( S t . 5352a) For immediate r e l e a s e St 5852b PRINCIPAL HBSOURCES AND LIABILITIES OF ALL REPORTING MEMBER BANKS IN EACH FEDERAL RESERVE DISTRICT AS AT CLOSE OF BUSINESS, JULY 1 8 , 1 9 2 8 . — ( I n t h o u s a n d s of d o l l a r s ) . ' ' Federal Reserve D i s t r i c t Total Boston New York Phila. Cleve. Rich. Atlanta Chicago S t . L o u i s Minn. Kans.Cy. D a l l a s San Fran. Loans & i n v e s t m e n t s - t o t a l 22,316,293 1 , 5 3 8 , 5 8 5 8.475.605 1,247.81% 2,214,61# 676,076 639,233 3 , 2 9 2 , 1 5 2 726,877 376,127 684,088 460,119 1 , 9 8 4 , 9 6 9 Loans and d i s c o u n t s - t o t a l 15,749,676 1,085,948 6.046,623 Secured h y US Govt o h i i g . 129,139 Secured hy s t o c k s & t o n d s 6 , 6 3 2 , 8 8 6 All other l o a n s & d i s c t s 8,987,651 8 4 8 . 5 9 2 1 , 4 7 2 . 5 0 4 50.6.585 5 0 6 . 0 6 9 2 , 3 9 7 , 7 8 1 5 1 1 , 9 7 8 2 4 3 , 6 0 1 4 4 5 , 6 ^ 4 3 3 9 , 5 8 0 1 , 3 3 4 , 7 7 1 9,712 50,579 412,635 2.832.843 663,6oi 3,163,201 8,726 *£6,378 373,488 13.330 3,598 4,315 20,478 4.723 2,356 3,114 3,758 6 7 3 , 0 5 2 1 8 3 , 8 3 2 1 3 3 , 7 4 8 1,04%,452 2 1 8 , 6 6 2 8 0 , 5 3 7 1 3 2 , 5 9 1 8 8 , 2 3 7 786,122 329,155 368,006 1 , 3 2 7 , 8 5 1 28a,593 160,708 309,939 247.585 - 4.450 360,919 969,402 6,5E6,bl1 452,637 2.428,982 399,222 742,144 1 5 Q . W 133,164 8 9 4 , 3 7 1 214.899 1 3 2 , 5 2 6 2 3 8 , 4 4 4 1 2 0 , 5 3 9 650,198 U.S. Govt, s e c u r i t i e s 2,984,930 Other bonds, s t k s . & secur . 3 , 5 8 1 , 6 8 7 165,400 1,192,295 287,237 1,236,687 112,080 287,142 3 1 6 , 7 6 7 71,069 425,377 -88,452 61,255 71,909 372,761 75,617 521,610 139,282 126,891 28.786 38,924 10,390 255,333 40,419 Investments - t o t a l Reserve with F . R. Bank Cash i n v a u l t Net demand d e p o s i t s Time deposits, Government d e p o s i t s Due from "banks Dae to "banks 1,693,803 245,173 99,ia 18,008 777,024 66,329 80,857 13,910 4i,324 11,854 44,003 7,179 7 0 . 1 U 110,425 62,415 128,019 81,665 38,874 355,495 294,703 23,888 5,917 34,325 8.632 117,659 22,446 54,454 11,303 13,189,802 6,911,090 93,410 922,449 5,757,381 494,4o4 1,683,383 28,420 4,317 732,290 1 , 0 3 9 , 4 4 2 357,718 315,538 1 , 8 4 1 , 3 2 6 375,476 223,391 502,667 292,314 829,810 304,603 975,243 246,344 244,039 1 , 2 6 2 , 5 5 0 242,664 128,803 178,210 133,520 1 , 0 1 7 , 3 2 7 4,270 1,075 6,243 5,859 5,805 3,546 1.O87 1,722 7,535 23,531 1,106,173 3,085,714 130,917 53,513 143,029 1,160,593 56,255 170,537 93,725 214,489 46,256 95,651 66,375 95,520 235,911 44,721 481.309 118,903 48,919 124.520 86.157 228,192 53,758 88,881 151,303 202,453 Borrowings from FR B k - t o t a l 787,412 38,118 259,564 62,384 76,576 28,536 53,891 130,l4o 43,547 6,831 21,732 12,232 53,86l Secured by US Govt o b l i g . All other 504,439 282,973 9,515 28,603 178,886 80,67s 48,943 13,441 44,246 32,330 11,125 17,411 15,552 38,339 106.839 23,301 l6,i46 27,4oi 3,995 2,836 11,427 10,305 11,163 1,069 46,602 7,259 637 36 78 49 70 64 31 92 29 24 64 Number of r e p o r t i n g banks c. 45. 55
@FedFRASER