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STATEMENT FOE THE PRESS Released f o r p u b l i c a t i o n F r i d a y a f t e r n o o n , July 24; not e a r l i e r . St. 4597 Feci e r a ! Reserve Board, J u l y 23, 1925* CONDITION OF MEMBER BANKS IN LEADING CITIES The p r i n c i p a l changes in the c o n d i t i o n of 7 31 reporting •member banks in leading c i t i e s during the week ending July 15, as shown in the statement issued by the f e d e r a l Reserve Board, comprise increases of $6,000,000 in loans and1 disccunts of $97,0*0,000 in net demand d e p o s i t s , and of $13,000,000 i n borrowings from the Inderal reserve banks',and decreases of $15,000,000 in investments and $13,000,000 in Government d e p o s i t s . The New York City members reported d e c l i n e s cf $1+0,000,000 i n loans and discount®, of $12,000,000 in investments, of $9,000,000 i n net demand depcait-a and of $7,000,000 in borrowings frem the Federal reserve bank. Loans on stocks and bonds f e l l o f f $28,000,000, the l a r g e r d e c l i n e cf $53,000,000 reported by banks in 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 comp a r a t i v e l y small i n c r e a s e s in some cf the ether d i s t r i c t s . "All other" loans and d i s c c u n t s , l a r g e l y commercial, increased by $42,000,000, the p r i n c i p a l increases bfing i n the f o l l o w i n g d i s t r i c t s : New York $15,000,000, Boston $14,000,000 and Chicago $13,000,000. Banks i n the New York d i s t r i c t reported an increase of $12,000,000 in holdings of U. S. s e c u r i t i e s and a d e c l i n e of $23,000,000 in other bends, s t o c k s and s e c u r i t i e s , while banks i n other d i s t r i c t s reported very s l i g h t changes i n t h e i r i n v e s t ments. Of the aggregate increase of $97,000,000 i n net den&nd d e p o s i t s , $34,000,000 was reported for the Chicago d i s t r i c t , $29,000,000 for the Boston d i s t r i c t , and. $16,000,000' for the San Francisco d i s t r i c t . The p r i n c i p a l change in borrowings from the Federal reserve banks was an increase of $11,000,000 reported by banks in the P h i l a d e l p h i a d i s t r i c t . 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 ending July 15, 1925, f o l l o w s : Increase or decrease during Year Week $1,066,000,000 30,000,000 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 stocks and bonds . . . All other . . . . + $6,000,000 Investments, t r t a l U. S. bends U. S. Treasury notes . U. S. Treasury c e r t i f i c a t e s . . • Other bonds, stocks and s e c u r i t i e s - 15,000,000 + 2,000,000 + 11,000,000 - 1,000,000 - 27,000,000 Reserve balances with F. R. Banks Cash in v a u l t . + 30,000,000 + + 61,000,000 Net demand d e p o s i t s Time d e p o s i t s Government deposits- + 97,000,000 + + - 13,000,000 - 826,000,000 682,000,000 25,000,000 Total accommodat icn at F. R. Banks + 13,000,000 + 177,000,000 . - 8,000,000 - 28,000,000 + 42,000,000 - 12,000,000 ~ + - + + £81,000,000 215,000,000 + 551,000,000 448,000,000 247,000,000 + - + 3,000,000 383,000,000 4,000,000 tie leased f o r p u b l i c a t i o n Friday a f t e r n o o n , July 24, 1925.? not e a r l i e r . S t . 4597 a PRINCIPAL RESOURCES AND LIABILITIES OF REPORTING MEMBER BANKS IN LEADING CITIES ( i n thousands of d o l l a r s ) Reporting member banks j Reporting m e m b e r banks i n All r e p o r t i n g member banks Chicago in New York City I July 15 | J u l y 8 | J u l y 16 J u l y 16 1 J u l y 8 July 8 J u l y 16 July 15 J u l y 15 1924 | 1925 | 1924 j 1925 1924 1925 1925 1925 1925 Number of r e p o r t i n g banks - - - - - - - - - Loans and d i s c o u n t s , gross • Secured by U - S. Government 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 - - - - - - Total l o a n s and d i s c o u n t s - - - - - - - - 731 164,914 5,063,651 8,057,357 5,433,569 Total l o a n s and investments - - - - - - 18,769,491 Reserve b a l a n c e s with F. E. Banks - - - - - - 1,646,888 Total borrowings from F. E. Banks - - - C. 172,991 5,092,413 8,014,824 748 62 62 67 j 46 21;784 50,387 54,4qi 74,132; 194,690 4,182,946 2,000,679 2,049,187 1,712,2841 605,211 9 j 7,842,415 2,155,965 2 , 1 4 3 , 1 3 6 2 , 2 0 1 , 8 0674,412 46 48 22,778 595,023 671,563 24,442 472,327 690,359 13,285,922 13,280,228 12,220,051 4 , 2 0 7 , 0 3 1 4 , 2 4 6 , 8 1 4 3 , 9 8 8 , 2 2 5 ( 1 , 3 0 2 , 0 0 7 1,289,364 1 , 1 8 7 , 1 2 Investments: 220,417 U. S, Pre-war bonds - - - - - - - - - - - U. S, L i b e r t y bonds - - - - - - - - - - - 1,379,583 T J . S T r e a s u r y bonds - - - - - - - - - - 439,636 U. S T r e a s u r y notes - - - - - - - - - - 397,875 119,438 U. S, Treasury c e r t i f i c a t e s - - - - - - - 2,926,620 Other bonds, s tocks and s e c u r i t i e s - - - - Government d e p o s i t s - - - - - - - - - - - - B i l l s payable and r e d i s . with F. R. Banks: Secured by U. S. Government o b l i g a t i o n s - - 733 219,432 1,380,184 437,241 *337,125 *120,245 273,041 1,248,481 69,439 645,120 29,000 507,302 131,804 174,298 50,081 851,754 29,000 508,433 181,230 164,327 39,986 511,232 14,566 310,648 53,774 757,511 1,934 87,153 26,064 54,879 4,035 195,877 1,933 85,403 25,527 55,884 3,913 199,689 4,136 62,677 3,684 62,352 6,053 174,777 49,769 122,697 874,048 2,953,830 2,543,34s 334,179 5 , 4 9 8 , 0 5 7 4 , 9 0 2 , 1 2 6 1 , 7 9 4 , 2 3 9 1,806,807 1,687,717 369,942 372,349 18,778,285 17,122,177 6 , 0 0 1 , 2 7 0 6 , 0 5 3 , 6 2 1 5 , 6 7 5 , 9 4 2 1,671,949 1,661,713 1,521,307 162,193 165,786 157,892 700,440 698,598 719,931 1 , 6 1 6 , 4 3 2 1,586,387 27,684 24,706 25,426 66,004 63,720 61,367 289,744 273,674 277,378 1,152,580 1,111,583 2 2 1 12,987,280 12,890,060 1 2 , l 6 l , 6 0 3 5 , 0 8 9 , 5 0 8 5,098,752 4 , 9 5 3 , 1,174,808 395,24s 474,701 479,685 692,889 786,183 787,334 5 , 1 6 3 , 7 2 9 5,164,211 4,481,539 6,126 8,258 9 , 720 16,546 10,625 100,518 88,905 9,035 75,598 158,781 102,479 151,626 96,363 33,751 50,543 42,755 28,940 59,895 18,954 9,665 2,821 5,310 2,482 8,710 6 0 5 460 1,251 261,260 247,989 84,294 71,695 78,849 12,486 7,792 9,315 1,711 •Revised f i g u r e s . ESlSaS36 for rihoipal P l i c a t i o n m „ a y afternoon. July „ L I M I L I T I E S 0 f ALL ™ Federal Reserve D i s t r i c t Number of r e p o r t i n g banks Loans an? d i s c o u n t s , g r o s s ; Secured by U.S.Govt, o b l i g . Secured by s t o c k s & bonds All other l o a n s & d i s c o u n t 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 bends 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 securities Total investments Boston 42 New Y ork 103 r 1 9 2 5 ; not e a - l i a r . ^ o B t i K S I N EACH 9,814 79,943 20,566 6,376 5,275 39,761 604,1465 196,177 186,132 52,142 9,690 51,523 18,080 8,850 6,517 DISTBICI e st. C M E 4597b business, JULY 15, 1925. Chicago 100 St.Louis Minn. Kans.%r. D a l l a s San Fran. 69 Total 731 S i Sz E 33 25 75 49 9,133 > , 0 0 ; ^51 246,877 5, 860,217 8,057,357 1,116,227 13,285,922 31,757 171,569 32,360 42,996 11,084 25,912 36,222 9,112 1,013 3,132 206,139 1,137,750 328,113 2,216,427 135,752 1,074,161 38,911 135,749 „ U n thousands of d o l l a r s ) Phila. CI eve. Rich. Atlanta 55 75 73 36 10,852 325,506 376,709 -Reserve b a l a n c e s w i t h F.R.Bk. 97,196 762,543 uash i n v a u l t 20,952 77,193 Net, demand d e p o s i t s 91 5,325 5,651,149 Time d e p o s i t s 368,227 1,167,374 Government d e p o s i t s 5,918 11,513 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 'ith F. R. Bank: Secured by U.S.Govt, o b l i g . 9,275 65,930 All o t h e r 10,250 32,686 Dae t o banks Due 1rom banks 24, 14,880 12,009 5,720 2,341 1,948 17,625 172,188 61,375 74,802 8,525 12,707 22,656 11, 200 7,043 552 6,811 25,075 12, 252 18,031 4,060 9,227 50,391 12,923 16,811 3,538 18,234 17,569 7,384 7,813 3,429 23,999 135,973 52,487 25,667 19,236 220,417 1,379,583 439,636 397,875 119,438 18,727 194,772 2,926,620 73,156 452,134 5,483,569 zz I'lII-IIiii 1,568,361 18,769,491 107,367 1,646,888 21,892 277,378 783,182 12,987,280 781,550 5,163,729 5,826 75,598 13,055 10,566 23,345 5,864 3,331 15,035 24,835 8,366 1,278 BALANCES OF REPORTING MMBER BANKS TW FEDERAL RESERVE BANK CITIES 178,931 32,981 19,719 389,033 86,635 49,267 1 0 9 , 9 5 5 26,107 31,263 12,267 180,614 35,643 24,823 51,512 28,671 15,550 6,800 158,781 102,479 105,849 50,885 2,262,845 668,892
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