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f STATEMENT FOR THE PRESS St. 5 ^ 9 F e d e r a l Reserve Board, J u l y 25, 1927 For immediate r e l e a s e CONDITIO!-! OF MBICBEH BAITS IN LEADING CITIES The Federal Reserve B o a r d ' s c o n d i t i o n statement of 662 r e p o r t i n g member banks in l e a d i n g c i t i e s a s of J u l y 20 shows d e c l i n e s of $7,000,000 i n l o a n s and d i s counts, $29,000,000 i n i n v e s t m e n t s , $33,000,000 in n e t demand d e p o s i t s , a n d $17,000,000 in "borrowings from the F e d e r a l r e s e r v e banks. Loans on stocks and bonds, i n c l u d i n g U. S. Government o b l i g a t i o n s , were $4,000,000 below the p r e v i o u s week's t o t a l , r e d u c t i o n s of $3.4,000,000 in the New York d i s t r i c t and $9,000,000 in the Kansas City d i s t r i c t more than o f f s e t t i n g an i n c r e a s e of $16,000,000 in the Chicago d i s t r i c t . The p r i n c i p a l changes i n "All o t h e r " l o a n s and d i s c o u n t s were an i n c r e a s e of $12,000,000 i n t h e Cleveland d i s t r i c t and a r e d u c t i o n of $9,000,000 i n the Chicago d i s t r i c t . Holdings of U. S. s e c u r i t i e s d e c l i n e d $1,000,000 a t a l l r e p o r t i n g "banks, an i n c r e a s e of $10,000,000 a t b^nks in the Boston d i s t r i c t being l a r g l y o f f s e t by a d e c l i n e of $8,000,000 a t "banks in the Hew York d i s t r i c t . Total h o l d i n g s of o t h e r 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 $28,000,000, banks in the New York and San Francisco d i s t r i c t s r e p o r t i n g r e d u c t i o n s of $30,000,000 and $5,000,000, r e s p e c t i v e l y , while those i n the P h i l a d e l p h i a d i s t r i c t r e p o r t e d an i n c r e a s e of $7,000,000. The p r i n c i p a l changes i n n e t demand d e p o s i t s were d e c r e a s e s of $32,000,000 in t h e New Y o r k " d i s t r i c t , $25,000,000 in the Chicago d i s t r i c t and $11,000,000 each in the Boston and San F r a n c i s c o d i s t r i c t s and an i n c r e a s e of $13,000,000 i n the Cleveland d i s t r i c t . Time d e p o s i t s in the New York d i s t r i c t were $15,000,000 above And in the San F r a n c i s c o d i s t r i c t $10,000,000 below the J u l y 13 t o t a l s . Borrowings from 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 $17,000,000 d u r i n g the week, r e d u c t i o n s of $45,000,000 and $9,000,000 in the New York and Cleveland d i s t r i c t s , r e s p e c t i v e l y , being o f f s e t in p a r t "by i n c r e a s e s of $11,000,000 in the Boston d i s t r i c t and $12,000,000 i n the Chicago d i s t r i c t and smaller i n c r e a s e s in the A t l a n t a , S t . Louis and San F r a n c i s c o d i s t r i c t s . A summary of 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 662 r e p o r t i n g member banks, t o g e t h e r with changes during the week and t h e year ending J u l y 20, 1927, follows: ( i n thousands of d o l l a r s ) J u l y 20 I n c r e a s e or decrease during Week Year 1927 — 831,111 20.477,954 36,291 Loans and investments - t o t a l Loans and d i s c o u n t s - t o t a l > Secured by U.S. Gov't 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 14,492,398 109,218 5,786,571 8,596,609 Investments - t o t a l U. S. Government s e c u r i t i e s ' Other bonds, stocks and s e c u r i t i e s 5,985,556 2,538,284 3,447,272 Reserve b a l a n c e s w i t h F. R. banks Cash in v a u l t 1,703.649 254,981 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. bpnks - t o t a l Secured by U.S. Gov't o b l i g a t i o n s All o t h e r W. 13,240,399 6,182,356 95,452 1,119,503 3,259,885 247,442 154,610 92,832 + 7,198 6,131 1,849 2,916 29,093 1,307 27,786 - 4- + + 4" + 44- 509,691 36,897 328,519. 218,069 321,420 22,408 299,012 6,079 17,652 + 68,945 20,917 81,228 2,223 11,731 44- 319,011 498,996 47,526 4- 32,433 7,569 40,002 - 74,958 95,683 4- 17,313 29,537 12,224 ( ? o r immediate r e l e a s e F e d e r a l Reserve Board J u l y 21, 1927 . CONDITION OF WEEKLY REPORTING- MEMBER BANKS IN CENTRAL RESERVE CITIES ( i n thousands of d o l l a r s ) J u l y 20 J u l y 13 J u l y 21 NEW YORK - <53-BANKS 1927 1927 1926 Loans and investments - t o t a l 6.^1.410 6,572,455 6,202,583 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 s t o c k s and bonds All other loans and d i s c o u n t s 4.671.223' 27,7l4 2,033,632 2,559,832 4,672,548 32,216 2,099,607 2,540,72$ 4, 386,961 46, 664 2,080,603 2,259,694 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 1.860.132 891,73% 963,443 1.899.907 896,104 1,003,803 1.815.622 921,l4i 894,481 741,435 5%,272 735,781 58,755 682,173 62,561 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 5,230,314 927,322 10,593 5,254,891 975,060 11,904 5,000,575 852,606 25,090 Due from banks Due to banks 85.415 1,153,32% 90,295 1,174,929 103,193 1,070,204 37,620 27,875 9,745 77,124 63,050 14,074 82,051 52,325 29,226 981,769 1,202,644 874. «s6l 3,058,97% 2,2Q4,431 764,493 991,498 1,204,315 863,466 3,059,279 2,299,507 759,772 95%,36s 1,018,361 648,223 2,620,952 1,941,115 679,837 Loans and investments - t o t a l 1,778,323 1,780,174 1,742,513 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 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 1,339,836 12,255 717,012 660,619 1,386,447 13,026 704,585 668,836 1,372,235 l4,541 638,351 719,3%3 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 388,437 166,826 221,611 393,727 170,278 223,449 370,278 165,158 205,120 Reserve b a l a n c e s w i t h F. R. bank Cash in v a u l t 161,137 19,209 161,450 20,163 168,797 21,281 1,195,678 5%6, S79 7,l%2 1,207,103 544,417 7,907 1,190,723 521,910 5,931 I4S,I67 349,164 153,256 369,996 155,050 361,51% 9.262 8,465 797 6,162 4,150 2,012 15,676 13,1^9 2,527 Reserve b a l a n c e s with F. R. Bank Cash in 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 All o t h e r Loans to "brokers 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 CHICAGO - 45-BANKS 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. bank - t o t a l Secured by U. S. Government o b l i g a t i o n s All other w. St.5449a For immediate r e l e a s e 5^9^ PRINCIPAL RESOURCES AND LIABILITIES OF ALL REPORTING MEMBER BANKS IN EACH FEDERAL RESERVE DISTRICT AS AT CLOSE O-c' BUSINESS, JULY 20, 1927 (In thousands 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 St.Louis Minn. Kans.Cy. Dallas San Fran. Loans and i n v e s t m e n t s - t o t a l 20,477,95% 1,471,128 7,636,250 1,189,249 2,078,694 675,554 600,078 2,968,985 701,212 3 5 3 , 0 ^ 625,02% 405,368 1,773,368 Loans and d i s c o u n t s - t o t a l 14,492,398 1,008,460 5 , 3 3 9 . ^ 0 795,522 1,4o6,72Q 521,882 483,881 2,194,725 500.112 233,469 420,200 313,173 l . ^ » g aitsi S sii:S# J I i l M i l i l M '5===:, &£ as :.i;S £5 SI « as 13 Si IS S* SS S •'$& '£:S % '% : US Hit « 1:S 8:3 IS ; U ES22 * tl 1:1: '11 II "B8 »i M « # ^ # # Borrowings from F . R . B k . - t o t a l N-umber of r e p o r t i n g baulks Q 247,442 662 21,676 36 ^:tS ^ 64,076 87 15,7%2 ^2 20,0^9 71 5,88% 67 l AS 13 ?$ 20,328 33 35,645 97 22,243 31 1 ^ ^25| >'% 2*+ 65 iS 3S &^1 ^5 g i g ! 5
@FedFRASER