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STATFM2FT FOR THE PRESS For immediate r e l e a s e s t -q-q F e d e r a l Reserve Board, J u l y 6, 1926. CONDITION OF MEMBER BANKS IN LEADING CITIES The F e d e r a l R e s e r v e B o a r d ' s weekly c o n d i t i o n s t a t e m e n t of 702 r e p o r t i n g member banks i n l o a d i n g c i t i e s a s of June 30 shows i n c r e a s e s of $ 1 9 0 , 0 0 0 , 0 0 0 i n l o a n s and f i s c o u n t s $ 2 5 , 0 0 0 , 0 0 0 i n i n v e s t m e n t s , $352,000,000 i n n e t demand d e p o s i t s , and of ^33,UUU,000 m b o r r o w i n g s f r o m t h e F e d e r a l r e s e r v e b a n k s . Member banks i n New York v i t y r e p o r t e d i n c r e a s e s of $ 1 6 6 , 0 0 0 , 0 0 0 i n l o a n s and d i s c o u n t s , $ 1 6 , 0 0 0 , 0 0 0 i n i n v e s t m e n t s , $ 2 2 6 , 0 0 0 , 0 0 0 i n n e t demand d e p o s i t s and of $ 1 4 , 0 0 0 , 0 0 0 i n borrowings from the F e d e r a l r e s e r v e bank. ° n s t o c k s 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 $161,000,000 above t n e p r e v i o u s w e e k ' s t o t a l , of which $ 1 4 0 , 0 0 0 , 0 0 0 was r e p o r t e d by ^6W Y ° r k d i s t * " i c t . " A l l o t h e r " l o a n s and d i s c o u n t s i n c r e a s e d $ 2 9 , 0 0 0 , 0 0 0 , i n c r e a s e s of $ 2 4 , 0 0 0 , 0 0 0 i n the New York d i s t r i c t , $ 1 6 , 0 0 0 , 0 0 0 i n t h e Qhicagp d i s t r i c t ,• and $ 0 , 0 0 0 , 0 0 0 i n the Kansas C i t y 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 d e c l i n e s of $ 1 5 , 0 0 0 , 0 0 0 and $ 7 , 0 0 0 , 0 0 0 i n the A t l a n t a and Richmond d i s t r i c t s , r e s p e c t i v e l y . T o t a l l o a n s t o b r o k e r s and d e a l e r s , s e c u r e d by s t o c k s and bonds,nade q y . r e p o r t i n g banks i n New York C i t y were $ 3 2 , 0 0 0 , 0 0 0 above t h e June 23 total, loans r o r own a c c o u n t h a v i n g i n c r e a s e d $ 1 2 6 , 0 0 0 , 0 0 0 , w h i l e l o a n s f o r o u t - o f - t o w n banks and f o r o t h e r s d e c l i n e d $ 5 9 , 0 0 0 , 0 0 0 and $37»000,000, r e s p e c t i v e l y . H o l d i n g s of U. S. s e c u r i t i e s were $ 3 , 0 0 0 , 0 0 0 l a r g e r t h a n on June 23, the p r i n c i p a l changes b e i n g an i n c r e a s e of $ 1 9 , 0 0 0 , 0 0 0 in the Chicago d i s t r i c t and a r e d u c t i o n of $ 9 , 0 0 0 , 0 0 0 i n t h e Boston d i s t r i c t . Holdings of o t h e r b o n d s , s t o c k s and s e c u r i t i e s i n c r e a s e d $ 2 2 , 0 0 0 , 0 0 0 , i n c r e a s e s of $15,000, oOO i n t h e Chicago d i s t r i c t and $ 1 3 , 0 0 0 , 0 0 0 i n t h e New York 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 a d e c l i n e of $7,000,000 i n the Cleveland d i s t r i c t . Net demand d e p o s i t s i n c r e a s e d $ 3 5 ^ , 0 0 0 , 0 0 0 d u r i n g t h e week, i n c r e a s e s b e i n g r e p o r t e d f o r a l l d i s t r i c t s except C l e v e l a n d and A t l a n t a . The p r i n c i p a l i n c r e a s e s by d i s t r i c t s were a s f o l l o w s : New York $ 2 3 4 , 0 0 ? , 0 0 0 , Chicago $ 5 6 , 0 0 0 , 0 0 0 , Boston ^ 2 1 , 0 0 0 , 0 0 0 , Richmond $ 1 2 , 0 0 0 , 0 0 0 , P h i l a d e l p h i a $ 1 1 , 0 0 0 , 0 0 0 and Kansas C i t y $ 9 , 0 0 0 , 0 0 0 . Time d e p o s i t s i n c r e a s e d $ 1 3 , 0 0 0 , 0 0 0 i n t h e C l e v e l a n d d i s t r i c t , $ 1 2 , 0 0 0 , 0 0 0 i n t h e New York d i s t r i c t and $ 4 2 , 0 0 0 , 0 0 0 i n a l l F. R. d i s t r i c t s . Borrowings from t h e F e d e r a l r e s e r v e banks were $ 3 3 , 0 0 0 , 0 0 0 above l a s t w e e k ' s t o t a l , t h e i n c r e a s e a t r e p o r t i n g member banks i n t h e Chicago d i s t r i c t b e i n g $ 2 1 , 0 0 0 , 0 0 0 , i n t h e Boston d i s t r i c t $ 1 3 , 0 0 0 , 0 0 0 and i n t h e New York d i s t r i c t $9,000,000. A summary of changes i n 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 r e p o r t i n g members d u r i n g t h e week and t h e y e a r e n d i n g June 30, 1926, f o l l o w s : Increase or d e c r e a s e d u r i n g Week Year Loans and d i s c o u n t s , t o t a l Secured by U.S. Govt, 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 . 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 . . . + $190,000,000 + 6,000,000 + 155,000,000 + 29,000,000 + 25,000,000 + 3,000,000 + 22,000,000 + $760,000,000 30,000,000 + 407,000*000 + 353,000]COO + 164,000,000 — 3^,0JO,000 + 202,000,o00 R e s e r v e b a l a n c e s w i t h F. R. Banks Cash i n v a u l t + 4,000,000 2,000,000 - 1,000,000 1,000*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 + + - 352,000,000 42,000,000 24,000,000 + + + 198,000,000 473,000,000 51,000,000 T o t a l b o r r o w i n g s from F. R. Banks . . . . + 33,000,oOO - 19,000,000 C. . . . . For immediate r e l e a s e PRINCIPAL RESOURCES AND LIABILITIES OF REPORTING MEMBER BANKS IN LEADING CITIES All r e p o r t i n g member banks June 30 1926 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 - - - - - - - All o t h e r l o a n s and d i s c o u n t s - - - - - - T o t a l l o a n s and d i s c o u n t s 1 July 1 i 1925 702 703 733 148,415 5,574,866 8,412,217 142,936 5,419,602 8,382,980 R e p o r t i n g member banks i n New York C i t y June 30 June 23 July 1 1926 1926 1925 58 59 R e p o r t i n g member banks i n Chicago June 30 June 23 July 1 1926 1926 1925 46 46 46 62 178,572 44,553 44,9.27 57,898 5,167,857 2,209,125 2,063,443 2,156,973 8,029,008 2,296,513 2,275,736 2,152,715 - - 13,009 617,855 701,476 22,973 560,653 683,255 1,334,900 1,332,340 1,266,881 2 , 5 1 1 , 5 8 0 "2,508,115 3,169,186 *3,147,387 2,549,105 2,967,457 933,987 876,783 184,099 a9,459 163,743 204,995 179,867 206,788 5,680,766 5 , 5 1 6,562 1 , 8 2 0 , 4 1 6 1 , 8 0 4 , 3 8 8 1 , 8 1 0 , 7 7 0 403,558 368,738 386,655 5,655,502 913,337 907,079 911,446 892,942 T o t a l l o a n s and i n v e s t m e n t s - - 1 9 , S i 6,264 1 9 , 6 0 1 , 0 2 0 1 8 , 8 9 1 , 9 9 9 6 , 3 7 0 , 6 0 7 6 , 1 8 8 , 4 9 4 6 , 1 7 3 , 3 5 6 Reserve b a l a n c e s w i t h F . R. Banks 1 , 6 6 0 , 6 8 4 *1,664,507 1,662,066 709,170 702,711 701,535 Cash i n v a u l t - - - - - - - - - 277,274 274,779 278,125 64,273 63,19s 62,787 Net demand d e p o s i t s - 13,252,106 12,900,556 13,053,739 5,262,451 5,036,073 5,215,561 Time d e p o s i t s - - - - - - - - - - - - - - - 846,914 5,649,825 5,607,61s 5,172,152 £34,568 796,780 Government d e p o s i t s - - - - - - - - - - - - 163,864 187,822 112,855 14,966 25,710 32,812 B i l l s p a y a b l e and r e d i s . w i t h F.R.Banks: 24,200 Secured by U.S.Government o b l i g a t i o n s - - 160,433 136,254 40,425 185,714 68,595 All o t h e r - - - - - - - - - — - - — - 28,066 128,063 119,733 121,395 9,540 11,435 T o t a l borrowings f r o m F. R. Banks - - 288,496 255,987 307,109 49,965 35,635 Loans t o b r o k e r s 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 i n New York C i t y : — F o r own account 1,102,844 974,700 For account of o u t - o f - t o w n banks 942,764 883,557 For account of o t h e r s 615,434 575,746 Total 2,565,177 2,532,898 On demand 1,889,762 1,859,579 C. On time 675,415 673,319 15,537 618,294 701,069 14,135,498 13,945,518 13,375,437 4,550,191 4,384,106 4,367,586 Investments: 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 - - - Total investments - - - - - - - June 23 192b S t . 5011a 1,701,078 1,653,536 1 7 0 , 6 1 1 181,013 179,299 21,424 21,781 23,973 1 8 4 , 9 8 7 1,164,137 1,173,348 5 1 4 , 0 4 1 478,422 506,788 11,625 10,057 6,229 • 4 , 7 3 8 , 4 5 8 j j j i , j I I | | 28,229 5,208 18,972 2,552 9,962 4,075 9S>,66l ( 33,437 21,524 14,037 •Revised f i g u r e s . For immediate- r e l e a s e TT -SsiS-ll SSStStE'SllllrSil PRINCIPAL RESOURCES- AND LIABILITIES OF ALL REPORTING MEMBER BANKS IN EACH FEEERAL RESERVE DISTRICT AS AT CLOSE OF BUSINESS, JUNE^O Loans and_ d i s c c u n t s , g r c s s : 5 75 36 ^ 99 33 24 67 48 66 702 felffaliiiliil I t - with Z Z Z Z T ' 1 3 7 ' 2 1 E 1 3 ' ° 1 ' 0 9 7 8 1 ' 1 7 1 R. Bank: — Due t o Banks c. 23,304 ^0,u71 1 71 ,, rn , - 0 w 1 M * ' * U 2 ' 4 5 9 3 a 5 , 9 6 3 -as *« ,«3 s« 6 2 , 2 3 5 ^ 6 i o 3 , o t o 5 u , 3 6 s 2 5 7 , u o 3 .g . 8 .« 65,418 1 6 , 1 6 0 240 5,87s 3,215 '7.709 29,050 15,803 19,275 BANKERS' BALANCES OF REPORTING MEMBER BANKS IN FEDERAL RESERVE BANK CITIES 2 , 5 n , 5 g o !M 22,328 288,496
@FedFRASER