The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
Released for publication Friday afternoon, July 25; not earlier STATEMENT FOB THE PBESS St.4l60 Federal Reserve Board, July 24, 1924. CONDITION OF MEMBER BAMS IN LEADING CITIES Increases of $67,000,000 i n loans and. investments, of $140,000,000 i n net demand d e p o s i t s and o f $44,000,000 i n time d e p o s i t s are shown i n t h e Federal Reserve Board's weekly statement of condition on July l 6 of ?4g member banks i n leading cities, Loans secured by corporate s t o c k s and bonds increased, by $76,000,000 While loans secured by U. S. Government o b l i g a t i o n s declined, by $19,000,000 and "All other," l a r g e l y commercial, loans and discounts by $35,000,000. Investments i n United S t a t e s bonds show an i n c r e a s e of $13,000,00p, i n Treasury n o t e s - of $15,000,000 and i n corporate s e c u r i t i e s - of $21,000,000, Holdings of c e r t i f i c a t e s of indebtedness decreased by $4,000,000. Member banks i n New York City report an i n c r e a s e of $67,000,000 i n loans on corporate s e c u r i t i e s as against decreases of $13,000,000 i n l o a n s on U. S. Government o b l i g a t i o n s and of $33,000,000 i n "All other" loans and d i s c o u n t s . Their holdGovernment s e c u r i t i e s increased by $7,000,000 and t h e i r holdings of corporate s e c u r i t i e s - by $4,000,000. the t o t a l increase of $140,000,000 i n net demand, d e p o s i t s , $70,000,000 was reported by banks i n the New York d i s t r i c t , $41,000,000 * by banks i n the Chicago ric . $ 2 5 , 0 0 0 , 0 0 0 - by banks i n the San Francisco d i s t r i c t . Time d e p o s i t s hanilL311 * n c r e a s e of $44,000,000 of which $26,000,000 was reported by New York City • vernment d e p o s i t s declined by $13,000,000, the New York City members rep o r t i n g a reduction of $3,000,000 under t h i s head. of a11 re crem PortinS with Federal reserve banks were i n t h e i r cash i n v a u l t crease of M Ann A n ? ' n r e s e r v e declined by $25,000,000. An i n is f*, « * balances, as against a d e c l i n e of $5,000,000 i n cash, i s reported by the New York City banks, reporting i n s t i t u t i o n s from the Federal reserve banks r e b rr0wings from $ 7 % 0 % to * $ 1 2 % % 0 0 ° " ° ° f t h e N e w Y o r k %ty banks increased w f ® ™ r y of changes i n 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 t h e year ending J u l y 16, 1924, f o l l o w s : Increase or decrease during Loans and d i s c o u n t s , t o t a l . . . . . . Secured by U.S.Government o b l i g a t i o n s Secured by stocks and bonds . . . . A11 other Y Y Investments, t o t a l . U. S. bonds „ . 2- Q* Treasury notes . . . Y Y . . u. 3. C e r t i f i c a t e s of indebtedness Other bonds, stocks and s e c u r i t i e s , Week +$22,000,000 - 19,000,000 + 76,000,000 - 35,000,000 + 64,oco,ooo + 45,000,000 + 13,000,000 + 259,000,000 + 160,000,000 + 15,000,000 - 283.000,000 + 21,000,000 + 367,000,000 - 4,000,000 Reserve balances with F. R. Banke Cash i n v a u l t . + 4g,000,000 - 25,000,000 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 +l4o,000,000 Total accommodation a t F. B, Banks Year +$457,000,000 - 44,000,000 + 437,000,000 + 44,000,000 - 13,000,000 + 15,000,000 + 187,000,000 - 12,000,000 + 998,000,000 + 501,000,000 - 57,000,000 - 442,000,000 R e l e a s e d 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 , J u l y 25, 1924; n o t e a r l i e r . St. 4l60a PRINCIPAL RESOURCE AMD LIABILITY ITEMS OF REPORTING MEMBER BAIKS I F I£;.DI1!C- CITIES ( I n t h o u s a n d s of d o l l a r s ) July lb, 1924 T o t a l l o a n s and d i s c o u n t s U. S. T r e a s u r y n o t e s - - - - - - - - - - - - - - - _ _ _ _ _ _ _ U. S. C e r t i f i c a t e s of i n d e b t e d n e s s - - - - - - - - - Other bonds, s t o c k s and s e c u r i t i e s - - - - - - - _ _ _ _ _ _ _ _ _ _ T o t a l l o a n s and d i s c o u n t s and. i n v e s t m e n t s - - - - - - - - - - - - - - - - - - R e s e r v e b a l a n c e s w i t h F s d e r a l Reserve Banks - - - - - - - - - - - - - - - Net demand d e p o s i t s - - - - - - - - - - - - - - - - - - - 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 e d e r a l Reserve Banks: Secured, by V. S. Government o b l i g a t i o n s - - - - - - - - - - - - - - - - - - - - - - - - - R a t i o of 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 e d e r a l Reserve Banks t o t o t a l l o a n s and i n v e s t m e n t s , p e r c e n t - - - - - - - - - - - - - - - - - C. - - - 1924 J u l y 18, 19; 762 194,690 4,182,946 7,342,415 213,999 4,106,479 7,877,141 223,464 3,879,165 7,774,227 238,638 3,745,406 7,778,642 12,220,051 12,197,619 11,876,859 11,762,686 271,646 269,824 277,922 1,236,514 1,014,215 69,177 80,271 1,059,93b 93,240 630,835 841,760 928,222 122,697 126,463 107,253 108,080 2,543,348 2,522,637 2,181,411 2,176,475 17,122,177 17,055,091 16,371,623 l6,406,56l 1,556,387 1,538,366 1,433,554 1,398,984 298,584 279,605 205,43c 12,021,354 11,308,162 11,163,332 4,437,143 4,112,125 3,930,567 *113,559 138,776 157,111 33,751 £8,293 55,383 148,443 135,848 304,286 222,352 <5 •5 1-7 3-2 _ _ _ _ _ - - - - Jan. lb, 748 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 - Secured by s t o c k s and bonds ( o t h e r t h a n U. S. s e c u r i t i e s ) - - A l l o t h e r l o a n s and d i s c o u n t s - - - - J u l y 9 , 1924 12,161,603 *Revised f i g u r e s . 772 Released 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 25, 1924; not e a r l i e r . £ t . 4l60b. PRINCIPAL RESOURCE AND LIABILITY ITEMS OF ALL REPORTING MEMBER BAIKS IN EACH FEDERAL RESERVE DISTRICT AS AT CLOSE OF BUSINESS, JULY if?, 1924, ( I n thousands o f d o l l a r s ) Phila. Cleve. Boston New York Rich. A t l a n t a Chicago S t . Louis Minn. Kans.Cy. D a l l a s San Fran. Total Federal Reserve D i s t r i c t 108 78 104 66 76 43 55 36 34 72 51 25 748 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.Govt, o b l i g . Secured by s t o c k s and. bonds other l o a n s & d i s c o u n t s tJl 9,052 81,402 9,731 244,016 1 , 9 0 b , 4 1 3 273,609 6 1 6 , 7 ^ 5 2,503,308 372,862 18,321 6,718 7,610 32,124 7,657 3,486 5,460 3,184 4 1 3 , 7 6 3 120,736 6 6 , 2 4 8 6 2 8 , 2 4 6 1 4 5 , 8 8 1 3 9 , 7 9 5 5 1 , 0 6 0 60,619 7 0 5 , 5 3 4 334,052 3 3 4 , 7 7 3 1 , 1 7 1 , 6 8 2 307,454 151,905 3 1 3 , 9 5 7 195,429 9,945 201,960 798,354 194,690 4,182,946 7,842,415 8 6 9 , 8 1 3 4 , 4 9 1 , 1 2 3 656,202 1 , 1 4 0 , 9 1 8 461,536 4 0 8 , 6 3 1 1 , 8 3 2 , 6 5 2 461,022 225,186 4 0 0 , 4 7 7 262,232 1 , 0 1 0 , 2 5 9 1 2 , 2 2 0 , 0 5 1 T o t a l loans and d i s c o u n t s U. S. Pre-war bonds 13,725 51,591 10,682 46,989 29,446 14, 743 23,959 14,809 8,473 11,929 19,534 26,561 273,041 U. S. L i b e r t y bonds 86,899 550,023 49,354 161,687 24,548 9,709 131,514 22,605 21,331 38,815 11,813 109,883 1,248,481 U. S. Treasury bonds 5,996 21,535 2,324 3,035 967 629 10,951 3,687 590 2,309 1,199 16,217 69,439 U. S. Treasury n o t e s 15,371 332,028 26,310 4,168 3,497 116,597 15,090 23,882 17,603 9,164 33,622 645,120 U. S. C e r t i f i c a t e s of Indebtedness 14,685 54,730 6,223 8,082 2,349 1,283 14,795 1,382 1,665 1,838 3,264 12, 401 122,69 7 996,692 222,552 322,002 53,482 4o,672 365,493 90,296 24,415 57,06l 12,774 162,299 2,543,34s Other bonds, s t o c k s and securities 195,610 T o t a l l o a n s and. d i s c o u n t s and investments Reserve balances w i t h 1 , 2 0 2 , 0 9 9 6 , 5 2 8 , 0 2 2 973,647 1 , 7 3 0 , 2 0 1 576,796 479,164 2 , 4 9 6 , 2 6 1 608,891 305,542 5 3 0 , 0 3 2 319,980 1 , 3 7 1 , 5 4 2 1 7 , 1 2 2 , 1 7 7 F.R.Bk. Cash i n v a u l t Ifet 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 B i l l s payable and r e d i s c o u n t s w i t h F. R. Bank: Secured by U.S.Govt, o b l i g . A l l other c. 47,485 96,897 772,931 75,458 112,915 36,295 33,333 225,960 42,187 19,362 44,482 24,157 99,410 1,586,387 19,449 77,591 14,838 29,467 12,572 10,465 53,957 7,363 5,833 11,991 9,437 20,391 273,674 8 5 2 , 7 7 3 5 , 4 7 7 , 7 1 1 718,793 314,358 1 , 0 0 6 , 0 2 1 139,150 9 3 9 , 6 3 3 326,013 271,866 1 , 6 3 6 , 4 2 7 359,676 194,272 4 l 4 , 4 0 4 214,113 6 8 4 , 5 3 6 173,300 186,727 8 4 3 , 3 3 0 198,868 8 7 , 7 9 6 135,252 8 6 , 8 7 2 755,922 1 2 , 1 6 1 , 6 0 3 625,329 4,481,539 18,500 19,501 12,180 13,145 4,468 5,190 12,317 2,170 2,203 1,026 2,771 6,747 100,518 850 907 15,625 7,841 4,392 2,921 2,623 3,452 3,505 11,370 1,823 6,093 3,067 3,383 267 2,915 400 830 27 2,194 537 5,156 635 3,421 33,751 50,543 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 , J u l y 25, 1924; n o t e a r l i e r . S t . 41cCc PRINCIPAL RESOURCE AND LIABILITY ITEMS OP REPORTING MEMBER BANKS IN F. R. BANK AND BRANCH CITIES AND IN OTHER SELECTED CITIES ( i n t h o u s a n d s of d o l l a r s ) F. R. Other A l l F. R. selected c i t i e s Bank c i t i e s Branch c i t i e s C i t y of Chicago New York C i t y July l 6 July 9 J u l y 16 J u l y 9 July l6 July 9 J u l y 16 J u l y 9 July lb July 9 MS 48 196 196 29 7 297 6? 67 255 255 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 . 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 A l l o t h e r l o a n s and d i s c o u n t s 87,518 74,132 1,712,254 1,644,943 2,201,509 2 , 2 3 4 , 8 6 5 T o t a l l o a n s and d i s c o u n t s 3,988,225 3,967,326 40,135 27,823 454,843 687,984 133,757 3,041,448 4,907,094 31,146 31,825 152,977 621,855 2,960,116 623,313 4,928,703 1,592,786 1,598,197 29,787 29,197 519,643 523,050 1,342,535 1,350,241 1,187,128 1,170,650 6,082,299 8,041,796 2,245,787 2,253,335 1,891,965 1,902,488 4,136 4,136 92,835 92,704 75,961 75,659 104,245 103,483 24,442 472,327 690,359 U. S . P r e - w a r bonds 39,986 U. S . L i b e r t y bonds 511,232 514,076 62,677 64,280 776,319 776,307 296,261 284,681 175,401 175,526 U. S . T r e a s u r y bonds 14,566 14,926 3,684 3,747 35,389 35,218 17,367 17,308 16,683 16,651 U. S. T r e a s u r y n o t e s 310,648 298,882 82,852 80,596 477,131 464,804 113,212 110,734 54,777 55,297 U. S. C e r t i f i c a t e s of i n d e b t e d n e s s 53,774 54,867 6,053 6,390 98,243 8,802 757,511 753,798 174,777 172,633 19,394 626,776 19,286 O t h e r bonds, s t o c k s and s e c u r i t i e s 94,501 1,440,27s 625,122 476,294 8,934 468,706 T o t a l l o a n s and d i s c o u n t s and i n v e s t m e n t s 5,675,942 5,644,010 1,521,307 Reserve b a l a n c e s w i t h F. R. Bank Cash i n v a u l t Net demand d e p o s i t s Government d e p o s i t s 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. Bank2 Secured by U . S . G o v t . o b l i g a t i o n s All o t h e r R a t i o of o 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 t o t o t a l l o a n s and investments, per cent. C. 1,502,432 10,999,252 10,937,881 3,394,758 3,386,125 2,728,167 2,731,085 719,931 676,429 162,193 151,688 1,170,583 1,120,223 246,473 246,961 169,331 171,182 63,720 69,069 27,684 30,977 136,941 149,675 58,774 64,117 77,959 84,792 1,083,421 8,526,743 8,419,137 1,976,073 1,952,261 2,160,231 1,333,803 1,333,089 947,565 943,823 4,953,221 4,890,907 1,111,583 Time d e p o s i t s 1,428,809 1,658,787 1,649,956 692,889 667,139 395,248 390,582 2,200,171 16,546 19,686 6,126 7,090 69,287 *77,631 23,332 27,019 7,299 *8,909 9,665 2,821 4,009 2,666 46o 1,251 350 1,540 12,807 12,707 10,572 15,727 10,376 12,007 5,805 10,838 10,568 25,829 11,916 28,818 .2 .1 .1 .2 .2 .7 .5 1.3 .1 *Revised f i g u r e s . 1.5
@FedFRASER