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STATEMENT FOR THE PRESS For immediate release Federal Reserve Board July 29, 1929. CONDITION OF WEEKLY REPORTING MEMBER BJOTKS IN LEADING CITIES The Federal Reserve Board's condition statement of weekly reporting member banks in leading c i t i e s on July 24 shows increases f o r the week of $50,000,000 in loans "and investments and of $23,000,000 in time deposits, aid decreases of $731000,000 in net demand deposits, of $61,000,000 in Government deposits, and of $19,000,000 in "borrowings from Federal reserve banks. Loans on s e c u r i t i e s increased $39,000,000 at a l l reporting tanks, $45,000,000 in the New York d i s t r i c t and $9,000,000 in the Cleveland d i s t r i c t , and declined $7,000,000 in the Boston d i s t r i c t . "All other" loans increased $39,000,000 at a l l reporting "banks, and $41,000,000 in the New York d i s t r i c t , and declined $6,000,000 in the Cleveland d i s t r i c t . Holdings of U. S. Government securities declined $19,000,000 a t a l l reporting tanks and holdings of other securities $9,000,000. Net demand deposits, itiiich a t a l l reporting "banks were $73,000,000 "below the preceding week's t o t a l , declined $20,000,000 in the Chicago d i s t r i c t , $16,000,000 each in the Boston and Dallas diifcticts^jand $11,000,000 each i n the Philadelphia and San Francisco d i s t r i c t s . Time deposits increased $13,000,000 in the New York d i s t r i c t and $23,000,000 a t a l l reporting banks. The principal changes in "borrowings from Federal reserve "banks f o r the week were declines of $24,000,000 at the Federal Reserve Bank of New York, $15,000,000 at Chicago and $11,000,000 at Cleveland, and increases of $l4,000,000 at Francisco, $7,000,000 at Boston and $6,000,000 at Philadelphia. A summary of the principal assets and l i a b i l i t i e s of weekly reporting member folio' ® t h e r w i t h c h a n S e s during the week and the year ending July 24, 1929, (in millions of dollars) Increase or decrease since July.24.1929 July 17.1929 July 25.1928 Loans and investments - t o t a l 22,459 + 50 + Loans - t o t a l 16,970 + 78 +1,233 7,683 9,287 + + 39 39 + + 868 365 5,490 - 28 - 564 On s e c u r i t i e s All other Investments - t o t a l U. S. Government s e c u r i t i e s Other securities Reserve with F. R. Banks Cash in vault Net demand deposits Time deposits Government deposits Dae from "banks Dae to "banks Borrowings tirom F. R. Banks C. 669 2,723 2,766 - 19 9 1,710 243 + 11 13 + + 27 3 73 23 + 139 153 19 13,146 6,671 91 1.096 2,669 771 + - — - 61 + 25 5 + 19 229 336 39 142 28 Federal Resesve Board July 25, 1929 For Immediate release CONDITION OF WEEKLY REPORTING MEMBER BAKES H CENTRAL RESERVE CITIES (In millions of dollars) EBvT YORK Loans and investments - t o t a l Loans - t o t a l On s e c u r i t i e s All other Investments - t o t a l U. S. Government s e c u r i t i e s Other s e c u r i t i e s Reserve with F. R. Bank Cash in vault Net demand deposits Time deposits Government deposits July 24 1929 July 17 1929. July 25 1928 __L.502 7,417 7,025 _5iS5. 5,729 5,154 3,017 2,797 2,970 2,758 2,516 2,638 1,687 1,687 1,870 946 741 949 738 1,086 784 737 53 727 57 709 52 5,203 1,105 22 5,192 1,090 38 5,143 1,158 21 102 Due from "banks Due to banks 103 900 869 94 927 Borrowings from F. R. Bank 305 325 223 1,193 1,680 3,034 __5L228 5,55% 354 1,136 5,813 824 1,537 1,824 4,184 5,446 367 3,185 999 Loans and investments - t o t a l 2.012 2,001 2,033 Loans - t o t a l 1.606 1,591 1,555 909 696 893 849 Investments - t o t a l U. S. Government s e c u r i t i e s Other s e c u r i t i e s 4o6 479 165 4io 167 243 Reserve with F. R. Bank Cash in vault 173 170 17 181 16 1,230 636 6 1,217. 631 11 1,226 680 1 149 304 138 307 147 334 32 46 80 Loans on s e c u r i t i e s to "brokers and dealers: For own account For account of out-of-town "banks For account of others Total On demand On time 1,676 3,002 CHICAGO On s e c u r i t i e s All other Net demand deposits Time deposits Government deposits Dae from "banks Due to "banks Borrowings from F. R. Bank 241 16 69s ( S t . 6270a) C 706 211 268 For immediate release S t . 6270b PRINCIPAL RESOURCES AMD LIABILITIES OFtiEEKLYREPORTING- MEMBER BANKS IN EACH FEDERAL RESERVE DISTRICT ON JULY 24, 1929 (in millions of dollars) Federal Total Reserve Boston New York j Phila. CIeve. Rich, Atlanta St. Chicago Louis Distridt Kansas Minn, Dallas City San Fran* Loans and investments-total 22,459 1.51% 8,753 1,227 2,183 676 64o 3,296 683 390 695 473 1.928 Loans - t o t a l 16,970 1,166 6,766 919 1,546 518 514 2,610 518 265 466 351 1,330 7,683 9,287 485 681 3,454 3,312 479 44i 722 824 202 316 149 365 1,227 1,382 235 283 90 175 123 342 103 248 413 918 5,490 348 1,987 308 638 159 126 686 165 124 230 122 597 2,723 2,766 176 172 l,o4s 939 95 213 306 332 74 85 58 68 312 375 54 111 70 82 4o 346 55 107 123 1,710 243 98 18 800 128 30 41 38 10 256 43 6 27 6 61 31 108 20 13,146 5,798 1,638 23 Si 1,0% 352 239 24O 6 1,857 1,231 9 36l 8 948 9 313 91 918 454 5 225 2 231 131 1 516 180 2 275 143 5 1,096 2,669 50 111 145 954 55 155 94 198 46 89 65 83 211 424 52 . io4 52 73 122 224 74 771 48 346 37 52 28 43 73 38 16 21 22 On s e c u r i t i e s All other Investments - t o t a l U.S.Govt, s e c u r i t i e s Other s e c u r i t i e s Reserve with F. R. Bank Cash in vault Due from banks Due to "banks Borrowings from F. R. Bank C 6,671 11 13 7 39 12 8 1— r— r*"\ Net demand deposits Time deposits Government deposits 67 251 152 180 47
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