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STATEMENT FOB THE PRESS s t . 6255 Federal Reserve Board, J u l y 8, 1929 CONDITION CF WEEKLY REPORTING MEMBER BNKS IN LEADING CITIES For immediate r e l e a s e The Federal Reserve Board's condition statement of weekly r e p o r t i n g member "banks i n 101 leading c i t i e s on J u l y 3 shows an increase f o r the week of $247,000,000 in loans, p a r t l y o f f s e t by a reduction of $169,000,000 in investments, increases of $275,000,000 i n n e t demand deposits and of $111,000,000 i n borrowings from Federal r e s e r v e banks, and decreases of $84,000,000 in time deposits and of $67,000,000 in Government d e p o s i t s . Loans on s e c u r i t i e s increased $221,000,000 a t a l l r e p o r t i n g banks, $227,000,000 in the New York d i s t r i c t , $9,000,000 in the P h i l a d e l p h i a d i s t r i c t and $8,000,000 in the Cleveland d i s t r i c t , and declined $10,000,000 i n the Chicago d i s t r i c t and $8,000,000 in the San Francisco d i s t r i c t , "All other" loans i n creased $21,000,000 and $9,000,000, r e s p e c t i v e l y , in the New York and Boston d i s t r i c t s , and declined $7,000,000 in the Chicago d i s t r i c t , a l l r e p o r t i n g banks showing a n e t increase of $26,000,000. Holdings of U. S. Government s e c u r i t i e s declined $114,000,000 in the New York d i s t r i c t and $136,000,000 a t a l l reporting banks, while holdings of other s e c u r i t i e s declined $34,000,000. Net demand d e p o s i t s , which a t a l l r e p o r t i n g banks were $275,000,000 above the June 26 t o t a l , increased in a l l but one d i s t r i c t , 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 being: New York $128,000,000, Boston $45,000,000, Chicago $39,000,000 and Phi l a d e l p h i a $20,000,000. Time deposits declined $84,000,000 a t a l l r e p o r t ing banks, $88,000,000 in the New York d i s t r i c t and $6,000,000 each in the Boston and St. Louis d i s t r i c t s , and increased $8,000,000 in the P h i l a d e l p h i a d i s t r i c t . The p r i n c i p a l changes i n borrowings from Federal reserve banks f o r the week comprise i n c r e a s e s of $107,000,000 a t the Federal Reserve Bank of New York, *10,000,000 a t A t l a n t a , $8,000,000 a t San Francisco and $6,000,000 a t Cleveland and decreases of $21,000,000 a t Boston and $8,000,000 a t P h i l a d e l p h i a . A summary of 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 weekly r e p o r t i n g member banks, together with changes during the week and the year ending J u l y 3, 1929 follows: (In m i l l i o n s of d o l l a r s ) Loans and investments - t o t a l Loans - t o t a l Increase or decrease since J u l y 1. 1929 June 26. 1929 J u l y 1. 1928 22,485 + 78 + 171 16,925 + 247 + 782 On s e c u r i t i e s All other 7,760 9,165 + 221* + 26* + 609 + 173 Investments - t o t a l 5,560 - 169 - 610 2.759 2,800 - 136 - 34 - 248 - 364 1,724 243 + + - 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. Banks Cash in v a u l t Net demand deposits 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. banks •June 26 f i g u r e s revised. 54 11 56 7 13,293 6,679 193 + 275 - 84 - 67 - 24I - .225 + 30 1,183 2,886 + 98 + 332 - 37 - 259 826 + 111 - 134 For immediate r e l e a s e Federal Reserve Board J u l y 5, 1929 CONDITION OF WEEKLY REPORTING- miBIS BAIIKS IN CENTRAL RESERVE CITIES (In m i l l i o n s of d o l l a r s ) July 3 1929 Juno 26 1929 July 3 1928 Loans and investments - t o t a l 7,525 7,410 7,4ll Loans - t o t a l 5,843 5,610 5,494 2.90S 2,702 2,788 2,706 1,800 1>917 1,054 747 1,115 801 NEW YORK On s e c u r i t i e s 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. B. Bank Cash in v a u l t Net demand d e p o s i t s Time deposits Government d e p o s i t s m 1,682 939 742 753 62 5,341 1,071 4s 54 752 57 5,238 1,162 72 5,513 1,185 47 ? Due from hanks Dae to "banks 939 123 SIS 122 1,087 Borrowings from F. R. Bank 34l 228 316 1,255 1,580 1,038 1,536 2,969 1,132 1,494 1,681 5,769 5,383 386 5,542 4,307 5,204 33s 3,261 i,o46 2,002 2,024 2,056 1,586 1,606 1,561 136 Loans on s e c u r i t i e s to brokers and d e a l e r s : For own account For account of out-of-town banks For account of o t h e r s Total On demand On time 2,92% CHICAGO 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 684 902 912 694 870 691 Investments - t o t a l 4i6 418 496 16s 169 249 226 270 168 16 213 19 14 1,193 627 20 1,263 702 l4i 327 135 320 180 378 57 64 96 U. S. Government s e c u r i t i e s Other s e c u r i t i e s 24s Reserve with F. R. Bank Cash in v a u l t Net demand d e p o s i t s Time deposits Government d e p o s i t s Due from banks Due to banks Borrowings from F. R. Bank W. 1,217 628 3 ( S t . 6255a) For inmediate r e l e a s e s t . 6255b PRINCIPAL RESOURCES AH) LIABILITIES OF WEEKLY REPORTING MEMBER BARKS IN EACH FEDERAL RESERVE DISTRICT OH JULY 3, 1929 ( I n m i l l i o n s of d o l l a r s ) Federal Total Boston New York Phi l a . Cleve. |' Rich. Reserve jAtlanta District St. Chicago 1I Loni Minn. I -uu u-L < a5 Kansas Q fry Dallas San Fran. Loans and i n v e s t m e n t s - t o t a l 22,485 1,508 8,787 1,222 2,194 681 648 3,280 678 376 692 469 1,950 Loans - t o t a l 16,925 1,155 6,795 912 1,545 522 512 2, 585 509 253 46l 343 1,333 7,760 9,165 484 671 3,563 3,233 476 436 720 824 202 319 l4g 363 1,215 1,370 228 281 84 169 122 338 103 240 412 921 5,560 353 1,992 310 649 159 135 695 169 123 231 126 617 2,759 172 182 1,042 950 97 213 311 339 85 % 318 377 60 4o 86 361 256 1,724 243 101 813 77 129 4i 4o 9 256 10 57 33 7 108 20 13,293 6,679 193 920 458 10 1,610 51 267 18 501 180 281 145 762 994 2,886 136 181 1,050 826 56 366 On s e c u r i t i e s All o t h e r 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 v a u l t 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 2,800 15 1,183 W. i 77 5,96o 16 727 27 75 12 1,026 959 21 8 69 173 98 208 51 32 67 99 320 245 13 10 7 124 109 38 44 7 27 6 1,850 367 223 5 2 1,223 19 216 222 132 4 11 29 % 457 111 77 56 115 201 53 78 164 39 104 35 8 30 11 50 56 202
@FedFRASER