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STATEMStif iQB. THE PRESS For tinned l a t e r e l e a s e st, 5033 Federal Reserve :«oard, J u l y 2b, 1926. CONDITION OF MEMBER BASKS IN LEADING CITIES ^he Federal Reserve b o a r d ' s weekly c o n d i t i o n statement of 699 r e p o r t i n g member banks i n l e a d i n g c i t i e s a s of J u l y 21- shows an i n c r e a s e of $10,000,000 in i n vestments arid r e d a c t i o n s of $27,000,000 in l o a n s and d i s c o u n t s , $131 000,000 i n not demand d e p o s i t s and $17,000,000 i n borrowings from the F e d e r a l r e s e r v e banks. Camber banks i n New York City r e p o r t e d d e c l i n e s of #9,000,000 i n l o a n s and d i s ^ , 0 G 0 , 0 0 3 i n i n v e s t m e n t s , $16,000,000 i n n s t demand d e p o s i t s and 3-^2,vUU,000 i n borrowings f r o m the F e d e r a l r e s e r v e bank. ° n s t o c k s a n d b o n d 8 » i n c l u d i n g 5 . S. Government o b l i g a t i o n s , were J,,,000,000 oelow the p r e v i o u s week-, t o t a l , a d e c l i n e of $21,000,000 i n t h e Boston 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 an i n c r e a s e of *11,000,000 i n the New York d i s trict. 'All o t h e r " l o a n s and d i s c o u n t s declined *15,000,000 d u r i n g t h e week, t ne p r i n c i p a l changes i n c l u d i n g a r e d u c t i o n of $31,000,000 i n the Now York d i s t r i c t and a n i n c r e a s e of $8,000,000 i n t&a Chicago d i s t r i c t . Total l o a n s to brokers and d e a l e r s , secured by s t o c k s and bonds, made by r e p o r t i n g member banks m New York City were $<0,000,000 above the J u l y 14 t o t a l , l o a n s f o r t h e i r own account and f o r o u t - o f - t o w n banks h a v i n g Increased $22,^00,000 and $2,000,000 r e s p e c t i v e l y , while l o a n s f o r o t h e r s declined $4,000,000. 0f u Vi® * S* s e c u r i t i e s $18,000,000 was r e p o r t e d by banks bonds, s t o c k s and s e c u r i t i e s were ing banks and $20,000,000 l e s s a t increased $22,000,000 d u r i n g the week, of which i n the New York d i s t r i c t . Holdings of o t h e r $12,000,000 l e s s than a week ago a t a l l r e p o r t r e p o r t i n g banks i n the New York d i s t r i c t . Net demand d e p o s i t s were $131,000,000 below tne J u l y 14 t o t a l , the p r i n c i p a l r e d u c t i o n s b e i n g a s f o l l o w s : New York d i s t r i c t «<6,000,000, Boston d i s t r i c t ip33,000,000, Chicago d i s t r i c t $15,000,000, the San F r a n c i s c o d i s t r i c t $11,000 000 and t h e S t . Louis d i s t r i c t $10,000,000. • ' Borrowings from t h e Federal 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 $19,000,000 i n the New York d i s t r i c t and $8,000,000 i n the Boston d i s t r i c t b e i n g o f f s e t i n p a r t by small i n c r e a s e s in o t h e r d i s t r i c t s . A summary 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 r e p o r t i n g members d u r i n g t h e week and t h e year ending J u l y 21, 1926, f o l l o w s : Increase or decrease during Week 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 AH e t h e r - $27 000 000 + $ 742,000,000 + 2,'ooojooo - " 24,000,000 - 11,000, COO + 426,000,000 - i g ^ c o o ' o o o + 340,000,000 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 . . . + + - 10,000,000 22,000,000 12,000,000 + + Reserve b a l a n c e s w i t h F. R. banks . . . . . Cash i n v a u l t . - 33,000,000 i g , 0 0 0 , vOO + + 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 - 131,000,000 + 4,000,000 + 1,000,000 + + + 526,000,000 T o t a l borrowings from F. R. Banks . . . . - + 37,000,000 17,000,000 157,000,000 43,000,000 200,000,000 17,000,000 1,000,000 88,000,000 67,000,000 PRINCIPAL release )y£CES AHD LIABILITIES OF REPORT INS MEMBER BANKS IN LEADING CITIES All r e p o r t i n g member banks July 21 1926 Numbsr 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 £ bonds All 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 Oth ar bends, stocks and s e c u r i t i e s Totcil investments — • — — — — — —- Total 1 Owns and investments Reserve M l a n c e s with F. R. Banks Cash in v a u l t - - - - - - - - - - Fat de-nand d e p o s i t s - - - — Tiao i s p e 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 . with F.R. Banks:% Secured by U.S.Government o b l i g a t i o n s - • Total borrowings from F.R. Banks - 699 J u l y 14 1926 699 | July 22 j 1925 730 R e p o r t i n g member banks in New York City J u l y 21 J u l y 14 July 22 1926 1926 1925 58 58 62 R e p o r t i n g member banks i n Chicago J u l y 21 J u l y 14 J u l y 22 1926 1926 1925 46 46 46 146,115 144,298 170,616 46,664 45,900 48,558 14,541 14,016 5,458,052 5,46s,999 5 , 0 ) 1 , 7 2 6 2,080,603 2,060,408 1,976,724 638,351 632,523 S,378 ; 540 8 , 3 9 6 , 0 7 4 8,038,6%% 2,259,694 2,289,170 2,147,100 713,343 707,377 13,982,7O7 14,009,371 13,240,427 4,386,9c>1 4 , 3 9 5 , 4 7 8 4,172,352 1,37.2,235 1,353,916 2,515,876 3,148,260 2,494,336 3,160,410 2,558,6bl 2,948 ,I j'j. 5,6o4,136 5,654,796 5,506,995 921,141 594,481 1,815,622 19,646,543 1 9 , 6 6 4 , l b 7 18,747,422 | 6 , 2 0 2 , 5 8 3 1,634,104 1,66 7,9 30 1,617,713 275,693 293,214 274,832 12,921,388 13,052,760 12,333,091 5,689,360 5,685,213 5,163,71s 142,544 141,838 75,567 147,041 132,834 279,875 168,136 128,472 29 o, 608 155,642 87,687 243,329™ 682,173 62,561 903,804 918,103 942,292 864,426 1,821,907 1,806,718 6,217,385 695,758 67,065 52,825 29,226 82,051 76,450 27,496 103,946 165,158 205,120 370,278 21,895 588,760 677,114 1,237,769 165,665 178,417 203,786 369,451 196,974 375,391 5,979,100 1 , 7 4 2 , 5 1 3 1,723,367 1,663,160 684,019 61,627 5,000,575 5,018,296 4,999,423 852,606 851,050 780,595 25,090 25,090 9,035 Loans to brokers and d e a l e r s (secured by stocks and bonds) made by r e p o r t i n g member banks i n New York C i t y : For own account . . . . . 954,368 932,813 For account of o u t - o f - t o w n banks 1,018,361 1,016,148 For account of o t h e r s . . 643,223 652,296 Total 276207952 27b0l7257 On demand 1,941,115 1,924,965 6• On time 679,837 676,292 s t . 5033a 56,110 17,240 73,350 168 , 797 21,281 169,405 23,167 164,696 24,538 1,190,723 1,184,487 1,172,214 521,910 520,230 468,438 5,931 13,149 2,527 15,676 5,469 6,25s 7,074 3,041 1,409 4,450 3,657 10,731 For immediate r e l e a s e PRINCIPAL RESOURCES AND LIABILITIES OF ALL REPORTING MEMBER BANKS IN EACH EE FERAL RESERVE DISTRICT AS AT CLOSE OF BUSINESS ( I n thousand8 cf d o l l a r s ) ~ Federal Reserve D i s t r i c t Boston New York P h i l a . Cleve. Rich. A t l m t ~ " ^ a g o St.Louis Bnmter °f l e ' e°rti"e banks 3s 36 51 75 6s 36 99 32 » 6? JUL^21 San Fran. m 65 y Total ^ Loans and d i s c o u n t s , g r o s s : : IFsSBtSiliiljEjlSilil,SSMM#J® # ?•!S a , « S K a S 7 K . $ S 12:ii_5:£_3S its $38 SftS558 $:3*$::$ MS fcgX -iM S Total l o a n s and d i s c o u n t , 585,3 7 7 5,003,061 797,419 397,371 2,247,470 350,654 1,363,370 l,u6,& 512,264 492,753";,147,1a; Investments: Total investments 643,443 136,690 97,767 758,] T o t a l l o a n s and investments 1,382,743 7,251,131 1,148,103 2,007,313 651,554 %6,560 2 , 9 0 5 , ; R e s e r / e oalances with F.R.Bk. 94,304 Cash in vaul t 20,567 Net demand d e p o s i t s T.,rne d e p o s i t s Government d e p o s i t s 892,800 5 , 5 6 5 , 6 0 8 4l7,9bg 1, 294,479 22,772 28,038 B i l l s payable and r e d i s c o u n t s with F. R. Bank: Secured by U.S.Govt, o b l i g . 1,100 m _, o t h e r 9,140 Total borrowings from F * R " B a n k 740,742 77,701 10,240 68,100 32,224 100,324 79,084 16,418 129,465 31,Sbb 42,870 13,845 3 9 32S 11159O 242 : 4£^ 7 6 0 , 3 3 5 1,055,950 373,345 335,953 1,796,1 234, ov.3 829,551 210,847 221,743 1 , 0 5 6 , 1 17,038 17,283 5,423 7,008 13,8 1 7 7 , 4 0 5 115,280 1 9 6 , 9 2 9 74,499 ' 4b6,490 6 8 6 , 3 6 1 347,0bb 642,697 374,952 1,653,094 19,646,843 46,67s 7,444 23,630 5,745 58,670 ll,97o 27,456 10,067 399,192 2 0 6 , 9 9 5 516,552 254,482 213,571 117,953 145,449 99,832 4,780 2,60O 4,864 4,252 109,379 19,391 5,280 6,950 15,110 4,659 3,?44 12,540 1 151 IS'947 19 4 11 [g ~ 4,039 14,362 3,830 55 3,984 3,926 2,482 5,591 19,297 12,575 * 147,041 132,834 12,260 19,799 15,724 20,098 31,229 18,401 3,885 7,910 8,073 31,372 27*9,875 "Ikm llifo i°:IT7 c. 1,634,704 275,898 7 5 8 , 0 0 0 12,921,388 547,159 5,689,360 14,616 142,544 BANKERS' BALANCES OF REPORTING MEMBER BANKS IN FEDERAL RESERVE BAM CITIES " 5,604,136 S;f? W
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