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Released 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 , June 26} not e a r l i e r , STATEMENT FDR THE PRESS S t . 4572 F e d e r a l Reserve Board, Jv-ris '<£?} 1925. CONDITION OF MEMBER BANKS IN LEADING CITIES The p r i n c i p a l changes i n t h e c o n d i t i o n of 733 r e p o r t i n g member banks i n l e a d i n g c i t i e s d u r i n g t h e week e n d i n g June 17, a s shown i n t h e s t a t e m e n t i s s u e d b y - t h e F e d e r a l Reserve Board, comprise i n c r e a s e s of $11,000,000 i n l o a n s and d i s c o u n t s , $13-000,000 i n i n v e s t m e n t s , $48,000,000 i n r e s e r v e b a l a n c e s , $4?,000,000 and $£tb ; 000,000, r e s p e c i v e l y , i n n e t demand and time d e p o s i t s , and $22,000,000 i n accommodation a t t h e F e d e r a l r e s e r v e banks. The New York 05 t y b a r k s r e p o r t e d a r e d u c t i o n of $7,000,000 i n t o t a l l o a n s and d i s c o u n t s , of $10,000,000 i n i n v e s t ments and o f $11,000,000 i n accommodation a t t h e F s d e r a l r e s e r v e b a n k , t o g e t h e r w i t h i n c r e a s e s of $23,000,000 each i n r e s e r v e b a l a n c e s and n e t demand d e p o s i t s . Loans on s t o c k s and bonds Went up $64,000,000, of which $56,000,000 was r e p o r t e d by banks i n t h e New Yoik d i s t r i c t . "All o t h e r " l o a n s and d i s c o u n t s , l a r g e l y commercial, were reduced $47,000,000, t h e b a n k s i n the New York d i s t r i c t r e p o r t i n g a d e c l i n e of $49,000,000 i n t h i s item and t h o s e i n t h e o t h e r d i s t r i c t s showing r e l a t i v e l y small changes f o r t h e week. I n v e s t m e n t s i n U, S. Government s e c u r i t i e s i n c r e a s e d $ 4 , 0 0 0 , 0 0 0 . Banks i n the New York d i s t r i c t r e p o r t e d a d e c l i n e of $19,000,000 i n t h i s i t e m , w h i l e banks i n t h e Cleveland d i s t r i c t r e p o r t e d an i n c r e a s e of $13,000,000, and t h o s e i n t h e Boston and A t l a n t a d i s t r i c t s i n c r e a s e s of $5,000,000 and $ 4 , 0 0 0 , 0 0 0 , r e s p e c t i v e l y . The only important change i n h o l d i n g s 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 was an i n c r e a s e of $12,000,000 r e p o r t e d by banks i n t h e New York d i s t r i c t . Reserve b a l a n c e s went up $26,000,000 i n the Chicago d i s t r i c t , $20,000,000 i n t h e New York d i s t r i c t and $10,000,000 i n t h e Boston d i s t r i c t . The p r i n c i p a l changes i n n e t demand d e p o s i t s d u r i n g t h e week comprise i n c r e a s e s of $37,000,000 i n the New York d i s t r i c t , $20,000,000 i n the Boston d i s t r i c t and $10,000,000 i n the Kansas C i t y d i s t r i c t , and d e c l i n e s of $15,000,000 and $7,000,000 i n t h e Richmond and A t l a n t a d i s t r i c t s , r e s p e c t i v e l y . I n c r e a s e s i n time d e p o s i t s were shorn f o r a l l d i s t r i c t s e x c e p t Minneapolis and San F r a n c i s c o . 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 o f r e p o r t i n g members d u r i n g the week and t h e y e a r e n d i n g June 17, 1925, f o l l o w s : I n c r e a s e o r d e c r e a s e during Week Year Loans and d i s c o u n t s , t o t a l Secured by U . S . G o v ' t , o b l i g a t i o n s Secured by s t o c k s and bonds All other + $11,000,000 6,000,000 + 64*000,000 - 47,000,000 +$1,089,000,000 42,000,000 998,000,000 + 133,000,000 Investments, t o t a l U. S, bonds U. S. T r e a s u r y n o t e s . . , U, S. T r e a s u r y c e r t i f i c a t e s Other bonds, s t o c k s and s e c u r i t i e s . . . + + + + 18,000,000 1 ;000 <.000 29,000,000 32,000,000 14,000,000 + + + + fSO,000,000 511,000,000 222,000,000 11,000,000 480,000,000 Reserve b a l a n c e s w i t h F. R. Banks . . . . Cash i n v a u l t . . . . . . . . . . . . . . + * 48,000,000 11,000,000 + + 71,000,000 1,000,000 Met 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 . . . + + - 47,000,000 26,000,000 11,000,000 + + - 982,000,000 808,000,000 16,000,000 T o t a l accommodation a t F, R. Banks . . . . + 22,000,000 + 135,000,000 W. . . . . Released 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 , June 26, 1925; not e a r l i e r . S t . 4572a. PRINCIPAL RESOURCES AND LIABILITIES OF REPORTING MEMBER BANKS IN LEADING CITIES (In thousands of d o l l a r s ) All r e p o r t i n g member banks June 17 1925 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 : Socured 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 — T - Investments: U. S. Pre-war bonds - - - - - - - - - - U. S. L i b e r t y bonds - — - - U. S. T r e a s u r y bonds - - - - - - - - - - U. S. Treasury n o t e s - - - - - - - - - U. S. Treasury c e r t i f i c a t e s — - - - - Other bonds, s t o c k s and s e c u r i t i e s - - - T o t a l investments 733 172,693 5,019,553 8,008,288 June 10 1925 733 w. 7U9 62 62 67 Reporting member banks i n Chicago June 17 I June 10 June 18 1925 I 1925 1024 46 46 48 178,730 4,956,034 8,054,8% 214,639 57,627 62,079 8 5 , 4 5 7 20,310 20,807 25,601 4,021,215 1 , 9 9 9 , 9 5 4 1 , 9 5 5 , 5 5 3 1,609,052 581,206 581,076 44o,53l 7.875.646 2,147,021 2.193,835 2,203,561 682,441 689,964 688.964 13,200,53% 1 3 , l S 9 , 6 l 3 12,111,500 4,204,602 4,211,467 3,895,070 1,234,457 1,291,847 1,155,096 218,148 218,35% 272,824 1,368,213 1,378,873 1,186,031 453,29s 441,761 69,309 410,400 433,902 632,643 145,184 112,722 134,313 2,944,235 2,930,546 2,464,157 5,539,478 5,521,159 investments 18,7^40,012 18,710,772 F. R. Banks 1,667,108 l , 6 l 9 , 4 0 0 - - - _ _ _ _ _ _ _ 275,422 286,025 - - - - - - - - - - - - 12,865,325 12,818,319 - - - - - - - - - - - - 5,137,77S 5,161,930 Government d e p o s i t s - - - - - — - - — — 113,586 125,007 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: Secured by U. S. Government o b l i g a t i o n s - 173,987 150,869 All o t h e r . - - - - - - - - - - — - - - 77,433 78,509 T o t a l borrowings from F. R. Banks - - 251,420 229,378 T o t a l l o a n s and Reserve b a l a n c e s with 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 - - - - June 13 1924 Reporting member banks i n New York C i t y June 17 June 10 June 18 1925 1925 1924 29,012 506,751 178,817 183,032 28,746 521,793 166,146 193,538 6l,466 850,983 62,190 19,529 81,719 75,515 17,519 93,034 39,927 1,933 1,933 4,189 85,067 84,719 60,761 504,397 18,702 26,701 25,961 4,355 296,354 55,466 60,455 77,866 5 4 , 9 7 4 7,398 2,102 6,499 53,737 860,499 204,935 2'V~>.£bO 164,184 732,495 4,759,282 1,813,085 1,822,672 1,645,612 381,500 35:0,430 317,854 16,870,782 6,017,687 6 , 0 3 4 , 1 3 9 5 , 5 4 3 , 6 8 2 1,665,957 1,67^,277 1,472,950 1,596,232 710,869 688,236 742,072 177,110 157,032 171,353 274,700 6 0 , 7 9 3 64,335 6 2 , 1 4 9 23,566 24,839 27,355 11,882,989 5,052,840 5,029,378 4,865,141 1,163,973 1,166,223 1,076,235 4,379,316 821,834 817,442 664,090 433,997 430,067 336,554 129,485 14,966 21,701 23,6l4 11,625 9,646 3,082 41,791 74,443 ll6,234| 5 , 6 5 0 l , 9 2 7 l 7,5771 13,668 1,005 14,673 2,290 750 3,040 668 2,167 2,835 Re .Leased 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 , June 26, 1925; n o t e a r l i e r . PRINCIPAL RESOURCES AND LIABILITIES s t . 4572 OF ALL REPORTING MEMBER BANKS IN EACH FEDERAL RESERVE DISTRICT AS AT CLOSE OF BUSINESS, —— New York (In thousands of d o l l a r s ) Phila. Cleve. Rich. A t l a n t a F e d e r a l Reserve D i s t r i c t Boston Number of r e p o r t i n g banks 42 103 55 76 Loans and d i s c o u n t s , g r o s s : Sacured by U.S.Govt, o b l i g . 7,657 62,665 Scoured by stocks & bonds 328,237 2,252,434 All or.her loans & d i s c o u n t s 6U1.056 2,449:888 T o t a l l o a n s and d i s c o u n t s 977 j 750 M b l f j s y Investments: U, L, Pre-war bonds 9,791 39,945 9,620 31,844 U0 s , .."iibsrty bonds 78,723 597,845 50,105 170,258 U, S, Treasury bonds 21,088 193,926 20,150 32,726 U, o, t r e a s u r y n o t e s 6,486 196,487 10,421 39,359 Uc 3- Treasury c e r t i f i c a t e s 6,64i 58,4oi 16,726 9 , 9 9 3 Ov/her bends, s t o c k s and securities i S 9 , 0 9 S 1,147.399 261,822 3 5 1 , 2 3 4 T o t a l investments' 321,321 2,233,924 362,111 642,147 Total l o a n s and investments 1 ,299,571 6,998,911 1,073,735 1,878,241 Reserve b a l a n c e s w i t h F. R. b £ 103,452 Cash i n v a u l t 20,958 , I S K g Net demand d e p o s i t s 894,296 Time d e p o s i t s 367,145 ' S 3 S : S ' • $ : $ ; Government d e p o s i t s 8,606 19,109 11,665 19,731 B i l l s p a y a b l e and r e d i s c o u n t s 7 3 36 Chicago S t . Louis 100 33 Minn. 25 * Kans.Cy. D a l l a s 71 49 ttJSil i&SS w i t h F. R. Bank: Secured by U.S.Govt, o b l i g . All o t h e r Due to banks Due from banks w 4 , 6 6 9 8,569 133,738 52,106 £:$ kill 25,237 13,592 35,727 11,367 9,10s 8,797 1,322 5,762 3,877 L,325 17,590 12,707 172,032 21,715 63,419 13,339 75,582 8,355 14,520 3,600 San Fran. 70 Total 733 9,64s 172,693 233,745 5 , 0 1 9 , 5 5 3 861,100 8 , 0 0 3 , 2 8 8 1,104,493 13,200,534 6,811 25,588 11,943 18,184 4,041 & % 17,678 18,060 7,893 7,702 4,336 24,000 138,305 53,518 26,337 15,583 218,148 1,363,213 453,298 410,400 145,154 0 6 8 1 1 3 , 0 2 7 41,577 76,252 19,380 194,652 776,211 172,743 108,444 171,008 75,049 452,395 626,939 552,172 2,789 ,116 647,529 352,056 599,509 365,295 1,556,388 ,512 45,118 25,000 52,022 30,169 102,951 5 : 8 R g • § ,964 7,285 5,688 11,894 9,624 22,147 ,288 390,690 232,302 484,997 260,970 763,252 W , f i '•% ,675 207,037 102,329 138,589 95,118 763,061 4,324 7,532 22,148 3,660 1,887 1,481 4,472 8,971 2,944,235 5,539,478 63,231 4 3 , 2 8 0 133.502 85,123 3,141 4 t , gt% BANKERS' BALANCES OF REPORTING MEMBER BANKS IN FEDERAL RESERVE BANK CITIES 2 S S JUNE 17, 1925. 2 : ® "SSS g ; S 19,085 6,791 18,740,012 1,667,108 275,422 12,865,325 5,187,778 113,586 173,987 77,433 97,673 2,264,341 51,764 6 5 5 , 3 5 7
@FedFRASER