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STATEMENT FOR THE PRESS Released f o r p u b l i c a t i o n Friday afternoon, July 4;; not e a r l i e r . St.4131 Federal Reserve Board July 3, 1984, CONDITION OF MEMBER BANKS IN LEADING CITIES Further increases of $95,000,000 i n loans and investments and of $35,000,000 in time d e p o s i t s , together with reductions of $46,000,000 i n net demand deposits and of $52,000,000 i n reserve balances with the Federal reserve banks, are shown i n the Federal Reserve Board's weekly consolidated statement of condition on June 25, of ?48 member banks i n leading c i t i e s . Loans on U. S. Government s e c u r i t i e s show an increase of $3,000,000 and loans on corporate s e c u r i t i e s - an increase of $29,000,000, while "All o t h e r , " l a r g e l y commercial, loans and discounts, show a decrease of $2,000,000, Holdings of Liberty bonds were increased by $18,000,000 during the week and of corporate s e c u r i t i e s by $50,000,000. Member banks i n New York City report an increase of $65,000,000 i n loans and discounts, loans on U. S. Governnent s e c u r i t i e s having increased by $4,000,000, loans on corporate s e c u r i t i e s - by $28,000,000, and a l l other loans and discounts - by $33,000,000. Investments of these banks i n U. S. Government s e c u r i t i e s show an i n crease of $11,000,000, and t h e i r investments i n corporate stocks and bonds - an i n crease of $21,000,000. Of t h e aggregate decrease of $46,000,000 i n net demand deposits, $27,000,000 was reported by banks i n the New York d i s t r i c t . Small decreased are reported i n a l l other d i s t r i c t s except Boston, Cleveland and Kansas City. Time deposits of a l l reporting members were $35,000,000 larger than a week ago, increases being reported f o r a l l d i s t r i c t s except Richmond. Government deposits show p r a c t i c a l l y no change tor the week. Reserve balances of a l l reporting banks declined by $52,000,000, while cash i n vault increased by $4,000,000. For the New York City banks a decline of $53,000,000 i n reserve balances and an increase of $1,000,000 i n cash are shown, Borrowings of a l l reporting i n s t i t u t i o n s from the Federal reserve banks declined from $116,000,000 to $106,000,000, while l i k e borrowings of the New York City members show p r a c t i c a l l y no change. A summary of changes i n the principal 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 June 25, 1924, f o l l o w s ! Increase or decrease during Year Week w. 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 . . . . . All other + $30,000,000 + 3,000,000 + 29,000,000 2,000,000 Investments, t o t a l . . . . U. S. bonds U. S, Treasury notes U. S. C e r t i f i c a t e s of indebtedness Other bonds, s t o c k s and s e c u r i t i e s + 68,000,000 + 18,000,000 + 2,000,000 2,000,000 + 50,000,000 Reserve balances with F. R. Banks - 52,000,000 Cash in vault + Net demand d e p o s i t s Time deposits . . . Government deposits - 46,000,000 Total accommodation a t F. B. Banks - + + + + 10,000,000 244,000,000 81,000,000 134,000,00c 129,000,000 340,000,000 11,000,000 356,000,000 154,000,000 3,000,000 4,000,000 + 35,000,000 $292,000,000 33,000,000 + 733,000,000 + 4l4,000,000 - 385,000,000 - 126,000,000 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 4, 1 9 2 4 ; n o t e a r l i e r . S t . 4131a. PRINCIPAL RESOURCE AND LIABILITY ITEMS OF REPORTING MEMBER BANKS IN LEADING- CITIES ( I n t h o u s a n d s of d o l l a r s ) J u n e 25, 1924 J u n e 18, 1924 749 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 ) - - - - - - - - 217,506 Dec, 26, 1923 764 J u n e 2 7 , 1923 774 7,873,864 214,639 4,021,215 7,8 75 , 646 228,365 3,857,662 7,848,307 250,827 3,806,394 7,793,196 - 12,142,104 12,111,500 11,934,334 11,850,417 U. S. P r e - w a r bonds - - - - - - - - - - - - - - - - - - - - - - - - - - - - 270,920 275,460 1,016,279 280,746 1,203,939 272,824 1,186,031 1,039,727 71,057 69,309 81,052 96,557 634,298 632,643 S52,9o5 973,848 134,318 123,464 143,352 2,464,157 2,206,111 2,158,134 1 6 , 8 70 , 782 16,489,665 16,542,781 1,596,232 1,378,672 1,390,388 274,700 355,454 282,040 11,882,989 11,034,063 11,104,201 4,379,316 4,072,029 4,000,009 129,485 185,938 255,839 41,791 74,443 305,620 269,178 270,704 220,357 -7 3.5 3.0 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 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 2,513,782 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: . 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 R e s e r v e Banks t o Released for -n Friday afternoon, July 4, 1924; not e a r l i e r . ^^Ib PRINCIPAL EESOURC^- -AKD LIABILITY ITEMS OP ALL REPORTING MEMBER BAI3KS I N EACH FEDERAL RESERVE DISTRICT AS AT CLOSE OF BUSINESS, JUNE 2 5 , Federal Be serve D i s t r i c t Number of reporting banks Boston 43 New York Phila. Cleve. Rich. At l a n t a 108 55 78 76 36 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 . 9,834 96,335 11,079 Secured by stocks & bonds 228,577 1,833,378 269,953 A l l other loans & d i s c o u n t s 610,931 2,542,290 363,938 Chicago St.Louis 10 4 34 Minn. 25 Kans. Cy. D a l l a s San Fran. 72 U. S. Treasury bonds 82,007 6,179 578,739 49,926 25,226 2,314 U. S. Treasury n o t e s 15,853 320,573 U. S. C e r t i f i c a t e s of Indebtedness 16,251 59,046 Other bonds, stocks and securities 191,533 66 Total 748 21,131 7,644 7,667 33,892 7,725 2,799 5,942 3,274 408,082 123,497 00,763 602,012 l4i,396 37,819 82,157 60,123 715,986 337,193 339,904 1,156,84s 306,571 185,995 315,412 199,243 Total loans and d i s c o u n t s 849,342 4,472,503 644,970 l ,145,199 468,334 414,334 1,792,752 455,692 226,613 4o3,5H 13,520 U. S. Pre-war bonds 51,290 10,675 46,392 29,732 14,746 23,628 14,809 8,348 11,929 U. S. Liberty bonds 51 1924 25,058 967 4,408 ll,4o4 629 29,293 135,537 2,150 44,248 6,983 5,924 984,233 213,949 321,826 10,484 217,806 196,177 4,050,434 799,553 7,873,864 262,64o 1,006,214 12,I42,IO4 19,024 26,827 270,920 11,675 108,073 1,203,939 1,187 13,973 71,057 11,793 32,686 634,298 125,972 23,580 ll,6o4 3,491 15,230 590 36,738 2,747 4,726 113,935 15,583 27,350 13,850 2,357 1,556 15,449 2,680 4,525 2,035 3,273 12,581 132,660 52,529 41,069 359,295 92,443 23,353 57,300 12,879 163,373 2,513,782 Total loans and d i s c o u n t s and investments 1,174,685 6,491,610 958,110 1,701,276 583,385 Reserve balances with F, R.Bk. 84,987 738,696 69,576 110,092 35,963 Cash i n v a u l t 19,157 79,306 15,276 29,604 13,394 Net demand d e p o s i t s 820,076 5,360,056 692,973 910,549 324,890 Time d e p o s i t s 988,050 133,741 297,397 673,924 169,475 Government deposits B i l l s payable and r e d i s c o u n t s with F. B. Bank; Secured by U. S. Bovt. o b l i g . All other 20,560 1,556 435 27,546 15,716 12,444 6,525 5,220 2,299 17,005 488,464 2,442,635 608,278 306,009 528,110 322,471 1 ,363,727 16,968,760 •35,743 236,473 43,853 20,246 43,966 23,867 101,199 1,544,661 10,255 6,912 53,780 6,238 13,935 9,342 21,437 278,636 263,4l4 1,576,886 353,371 193,400 402,591 212,167 726,767 11,837,140 187,321 841,976 198,840 85,009 135,571 88,200 614,802 4,414,306 6,115 5,^93 16,545 2,860 2,843 1,520 3,805 9,415 129,423 6,635 4,531 4,387 16,120 4,244 7,815 l,46l 6,780 280 784 1,371 2,550 w. v 636 4,136 185 3,668 1,445 10,637 40,008 66,136 R e l e a s e e 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 4, 1924; n o t e a r l i e r . <• 4131c PRINCIPAL RESOURCE AND LIABILITY ITEMS OF 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 ) New York C i t y J u n e 25 J u n e l g 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.Govtc o b l i g a t i o n s S e c u r e d by s t o c k s and bonds A l l o t h e r l e a n s and d i s c o u n t s T J. u. u. u. u. T o t a l l o a n s and. d i s c o u n t s P r e - w a r bonds s. s. s. s. s. 67 89,004 85,457 1,637,605 1,609,052 58,090 753,024 Time d e p o s i t s Government d e p o s i t s 4,188 4,189 61,426 60,761 4,268 78,982 4,355 77,866 6,062 6,499 173,036 164,184 91,966 764,281 36,990 467,229 103,253 1,426,716 91,917 753,951 36,593 464,507 101,717 1,388,022 75,507 266,640 16,939 109,960 19,512 625,297 76,973 260,375 15,650 110,542 22,392 621,130 103,447 173,018 17,078 57,109 9,895 103,934 171,705 461,769 455,005 17,066 57,594 10,209 1,472,950 10,865,761 10,746,640 3,365,173 3,384,892 2,737,826 2,739,250 6&£,560 742,072 172,994 171,853 1,137,720 1,180,771 244,967 243,50s 161,954 171,953 63,535 02,149 27,845 27,355 138,084 136,776 59,512 59,146 81,040 78^778 4,852,870 4,865,141 1,078,852 1,076,235 679,954 23,614 664,090 23,614 390,945 8,082 386,554 8,082 6,225 5,650 1,927 200 2,043 2,167 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, Bank: Secured U.S«Govt. o b l i g a t i o n s All other 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» R. Banlc 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 cent 39,927 504,397 18,702 296,354 53,737 732,495 5,b40,£i0 5,543,682 1,460,908 Cash in v a u l t Net demand d e p o s i t s 297 7,909,933 2,251,268 2,277,830 1,915,510 1,923,737 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 R e s e r v e b a l a n c e s w i t h F. R. Bank 297 197 7,975,326 292,331 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 196 3*9^2,273 3 , 2 9 8 , 0 7 0 1 , 1 5 2 , 9 4 6 1 , 1 5 5 , 0 9 6 'Iruasury notes securities 255 Other selected c i t i e s J u n e 25 J u n e IS 149,808 33,88 5 35,337 29 , 752 29,4-34 2,867,822 4^921303 l , 5 9 3 j 4 i i l,618/928 1,363X40 l A U ' M 5 T r e a s u r y bonds ot:tier Lci.ds, s t o c k s and 255 F. R. Branch c i t i e s June 25 J u n e 18 154,169 2,904,144 4;9i7;oi3 2,236,264 2,203,561 26,232 446,589 680,125 A l l F . R. Bank c i t i e s J u n e 25 J u n e 18 25,601 440,531 688,964 39 , 776 510,875 17,541 L i b e r t y bonds 6? C i t y of Chicago J u n e 25 June 18 4S 4g 1,822 .1 .1 .2 668 g,299,'313 8,307,116 1,917,395 1,928,183 1,620,432 1,647,690 2,152,365 8 7,810 2,121,329 1,321,827 1,316,274 87,856 31,307 31,324 10,963 19,680 13,625 24,402 .4 16,237 14,426 940,114 10,306 941,713 10,305 18,292 12,808 32,030 31,749 1.1 1.6 1.5 17,497 10,669
@FedFRASER