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STAmEBT FOR THE PKSSS For imnedia.te release St. 5818 Federal Reserve Board, June IS, 1928. CONDITION OF MElfflER 3.MTKS III LEADING CITIES The Federal Reserve Board's condition statement of 64l reporting member •banks i n leading c i t i e s as of June 13 shov/s increases for the week of $27,000,000 in loans, $5,000,000 in investments, $57»000,000 in net demand deposits, $12,000,000 i n time deposits, and $6l,000,000 in borrowings from Federal reserve "banks. Loans on stocks and bonds, including U. S. Government obligations, were $55,000,000 below the June 6 t o t a l , reporting banks i n the New York d i s t r i c t showing a' decrease of $78,000,000, ill the Cleveland d i s t r i c t $12,000,000, and i n the San Trancisco d i s t r i c t $6,000.COO, and those in the Boston and Chicago d i s t r i c t s increases of $1J,000,000 and $l6,00C,C00, l e s p e c t i v e l y , "All other" loans and discounts, which at a l l reporting banks were $82,000,000 larger than a week ago, increased in neaily a l l d i s t r i c t s , th<=> principal increases by d i s t r i c t s being: New York $34,000,000, Chicago $17,000,000, San Francisco $9,000,000, St. Louis $7,000,000, and Philadelphia $5,000,000. Holdings of U. S. s e c u r i t i e s increased $11,000,000 in the New York d i s t r i c t and $5,000 v 000 in the Chicago d i s t r i c t and declined $8,000,000 i n the San Francisco d i s t r i c t , a l l reporting banks showing a net increase of $1,000,000. Total holdings of other bonds,.stocks and s e c u r i t i e s show an increase of $4,000,000 for the week. Net demand deposits increased $57,000,000 at a l l reporting banks, $46,000 ; 000 i n the Chicago d i s t r i c t , $31,000,000 i n the San Francisco d i s t r i c t , $9,000,000 in the Sc., Louts d i s t r i c t , and $7,000,000 in the Kansas City d i s t r i c t , and declined $33,000,000 and $11,000,000, respectively, in the New York and Cleveland d i s t r i c t s . Time deposits were $9,000,000 above the June 6 t o t a l at reporting member banks i n the Philadelphia d i s t r i c t and $12,000,000 above at a l l reporting banks. Borrowings from Federal reserve banks, which were $61,000,000 larger than on June 6 at a l l reporting banks, show increases of $32,000,000 and $19,000,000, r e spectively, i n the New York and Chicago d i s t r i c t s . A summary of the p r i n c i p a l a s s e t s and l i a b i l i t i e s of 64l r e p o r t i n g member banks, together with changes during the week and the year ending June 13, 1928, follows: (In thousands of dollars) Increase or decrease during June 13 Year * Week 1928 41,615,470 32,251 22,535,608 Loans and investments - t o t a l Loans and discounts - t o t a l 15,877,342* Secured by U.S.Govt, obligations Secured by stocks and bonds All other loans and discounts Investments - t o t a l U.S. Government s e c u r i t i e s Other bonds, stocks and s e c u r i t i e s 129,864 6,777,969 8,970,009 6,657,766 3,014,134 3,643,632 Reserve with F. R. Banks Cash in vault Net demand deposits Time deposits Government deposits + 27,179 + 1,184,292 + 5,344 59,396 + + 656 - + 81,731 5,072 948 4,124 1,764,941 255,730 + + 2,912 7,640 13,716,924 7,001,614 + 56,985 - + + + - 4* 1,156,979 Due from banks 3,185,833 Due to banks + 834,445 Borrowings from F. R. banks - t o t a l + 57o,i58 Secured by U.S.Govt, o b l i g a t i o n s + 256,287 All other •Increases on decreases since June 15, 1927, a quarterly 4+ + + - + - 751,637 431,999 431,178 297.485 133,693 5l,0$l 46 33,734 775,599 U,57S l4 - 4o,l43 23,372 - 63,961 171,992 60,991 4- 6_34,Ji!L + - 209,100 + 453,421 36,997 + 180,996 23,994 income tax payment date. Federal Roserve Board June l 4 , 1528. For immodiato rolea.se Y CONDITION OF WEEKLY REPORTING MEMBER BAMS 11J CENTRAL RESERVE CITIES ( I n thousands of dollars-) NEW YORK- 45 BANKS Loans and investments - t o t a l Jtajo 13 June 6 1928 1928 7,421,870 7 , 4 4 g , 1 0 6 |ioans and discounts - t o t a l 5.^21,334 Secured by U.S.Government o b l i g a t i o n s Secured "by stocks and "bonds All other loans and discounts Investments - t o t a l U. S. Government s e c u r i t i e s Other "bonds, stocks and s e c u r i t i e s Reserve with P. R. Bank Cash i n 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 Juno 15 1927 6,753,646 5,460,276 4,737,962 44,909 2,562,068 2,808,072 2,637,506 2,777,861 37,382 2,267,232 2,433,348 2,000,536 1,987,830 2,015,684 1,088,056 912,480 1,077,419 910,411 1,018,22? 997,457 747,724 53,231 760,893 52,345 814,989 5,488,856 5,535,22s 1,010,197 29,161 51,194 5,457,571 54,515 1,198,625 1,200,182 104,319 1,157,107 1,167,476 1,271,782 296.793 263,233 24,533 210,100 86,693 196,725 66,50s 21,400 3,133 Loans t o "brokers and d e a l e r s (secured "by stocks and "bonds): For own account 1,078,613 For account of out-of-town banks 1 , 6 2 1 , 0 5 8 For account of others 1,728,020 Total 4.427.691 On demand 3,352,192. On time 1,075,499 1,641,701 1,754,920 4,563,240 1,233,572 855,146 3.159,876 3,496,040 1,067,200 2,434,661 °ue from "banks Du.e to "banks Borrowings from F. R. "bank - t o t a l Secured "by U. All other Government o b l i g a t i o n s 100,538 1,166,619 97,915 1,071,158 725,209 CHICAGO- 43 BANKS Loans and investments - t o t a l 2,111,428 2,078,687 1.907,241 Loans and discounts - t o t a l 1,594.893 1,566,556 1,452,455 15,814 822,400 756,679 15,548 810,792 740,216 15,275 755,472 681,70S 516.535 512,131 454,786 232,441 284,094 227,808 284,323 192,365 262,421 187,571 17,536 182,470 17,697 180,107 19,684 1,292,182 728,803 1,277,561 728,441 1,269,714 591,255 15,236 Secured by U. S.Government o b l i g a t i o n s Secured by stocks and bonds All other loans and discounts Investments - t o t a l U. S. Government s e c u r i t i e s Other bonds, stocks and s e c u r i t i e s Reserve with F. R. Bank Cash i n v a u l t Net demand deposits Time d e p o s i t s Government deposits Dae from banks Dae to banks Borrowings from F. R. bank - t o t a l Secured by U.S.Government o b l i g a t i o n s All other C. 172,281 167,516 376,048 . ... 376,775 156,581 344+591: 71,So I 48,053 .8,295 64,480^ •J 7,010 41,305 6,748 4,975 3,320 ( S t . 5818a) For immediate release gt ^g^g-^ FRIxtCIFAL EE SOURCES AMD LIABILITIES OF ALL REPORTING- MEMBER BANKS IE EACH FEDERAL RESERVE DISTRICT AS AT CLOSE OF BUSINESS JUNE 13, 1922. ( i n thousands of dollars) Federal Reserve District Total Boston New York Faila. Cleve. Rich. Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas San Fran. Loans & investments-total 22,535,608 1,561,433 8,658,262 1,254,844 2,201,24] 689,532 638,633 3,345,119 722,381 376,402 667,791 438,997 1,980,971 Loans and discounts-total 15,877,842 1,082,660 6,191,916 Secured hy US Govt oblig. 129,864 Secured t y stocks & bonds 6,777,969 All other loans & d i s c t s 8,970,009 849,376 1,455.593 518,430 509,281 2,430,169 500,920 243,143 427,645 329,831 1,338,878 7,162 53,i66 432,609 2,948,421 642,889 3,190,329 7,24o . 13,807 3,236 5,o6o 22,284 4,44l 2,366 3,601 3,4o4 468,077 658,185 180,730 133,289 1,088,114 212,353 81,512 119,856 83,206 374,059 783,6oi 334,464 370,932 1,319,771 284,126 159,265 304,188 243,221 4 097 371 6l7 963^164 6,657,766. 478,773 2,466,346 405,468 745,650 171,102 129,352 914,950 221,461 133.259 24q,i46 109,166 642.093 TJ.S. Govt, s e c u r i t i e s 3,014,134 Other bonds,stks.& secur. 3,643,632 185,986 1 , 1 9 1 , 2 5 0 107,955 297,513 323,493 7 4 , 7 7 9 422,157 9 6 , 3 2 3 62,127 67,165 381,995 79,347 532,955 142,114 6 9 , 8 7 6 110,775 350,340 291,753 130,585 40,274 11,253 267,102 46,328 41,509 7,792 27,799 5.998 investments - t o t a l ; Reserve with F., R. Bank Cash i n vault •Wet demand deposits Time deposits Government deposits Due from "banks Due to "banks 1,764,941 255,730 292,787 1,275,096 100,407 18,363 817,641 67,431 22,742 14,200 30,800 13,716,924 7,001,614 499,499 1,722,759 320,744 1,156,979 3,185,833 44,431 143,229 139,547 1,224,298 58,428 92,44o 174,95s 215,297 926,064 6,081,905 44,273 12,385 5 6 , 9 0 2 69,586 9 6 , 3 2 5 104,603 259.169 52,372 342,241 34,616 77,111 23,580 48,498 118,721 Secured "by US Govt oblig. All other 578,158 256,227 22,710 29,668 254,781 93,460 24,69s 9,91s 53,912 23,199 7,757 15,823 14,154 34,344 100,380 18,341 64l 36 78 49 70 66 32 92 48,100 515,117 120,554 834,445 C. 33,015 55.666 32,553 12,170 8,630 119,565 25,199 763,419 1 , 0 6 0 , 1 3 6 3 6 9 , 1 1 7 337,387 1 , 9 1 0 , 5 8 1 3 9 2 , 8 6 4 228,299 4 9 9 , 1 6 2 2 9 1 , 5 8 2 856,408 958,974 2 5 1 , 5 6 4 242,453 1,312,132 243,055 129,937 178,642 125,883 1,015,972 Borrowings from FR Bk-total Number of reporting banks 76,151 63,383 129,371 9 4 , 1 1 2 203,280 48,309 113,251 62,755 88,367 159,773 202,775 35,044 5,925 16,448 7,016 60,267 14,609 20,435 5,320 605 8,523 7,925 3,071 3,945 56,417 4,450 29 24 64 45 56
@FedFRASER