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STATE! "TNT FOR THE PRESS St.5422 F e d e r a l Reserve Board, June 27, 1927. f o r immediate r e l e a s e c o i m m o i T o? ismbsr bmzs ih l'sadiitg cities The F e d e r a l Reserve B o a r d ' s c o n d i t i o n s t a t e m e n t of 668 r e p o r t i n g member an.cs in l e a n i n g c i t i e s a s of June 22 shows d e c l i n e s f o r the week of $28,000 000 i n l o a n s and d i s c o u n t s , $114,000,000 in i n v e s t m e n t s , and $ 4 / 2 , 0 0 0 , 0 0 0 i n ' n e t ' demand d e p o s i t s and an i n c r e a s e of $73,000,000 i n borrowings from t h e F e d e r a l r e serve banks. Member banks in New York C i t y re-ported d e c l i n e s of $90,000 000 i n l o a n s and i n v e s t m e n t s and $24%,000,000 i n n e t demand d e p o s i t s , and a* i n c r e a s e of $26,000,000 i n oorrowings f r o ^ the F e d e r a l r e s e r v e banks. 011 ion nn s t o c k s and bonds, i n c l u d i n g U. S.Government s e c u r i t i e s , were $20,000,000 below the p r e v i o u s week's t o t a l , an i n c r e a s e of $14,000,000 i n the New York d i s t r i c t b e i n g more than o f f s e t by r e d u c t i o n s i n o t h e r d i s t r i c t s , p r i n c i p a l l y Phila.delpj.iip and Kansas C i t y . "All o t h e r " l o ? n s and d i s c o u n t s dec l i n e d $8,000,000, r e l a t i v e l y small r e d u c t i o n s r e p o r t e d by banks i n e i g h t d i s t r i c t s b e i n g p a r t l y o f f s e t by i n c r e a s e s a t banks i n the Richmond end Mew York d i s t r i c t s . Loans to 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 ^ o r t ing member banks i n New York C i t y wore $44,000,000 below the amount r e p o r t e d on June 15, a d e c l i n e of $03,000,000 i n l o a n s f o r account of o u t - o f - t o w n b?nks be in*1 p a r o l y Oxfsat by i n c r e a s e s of $3,000,000 and $16,000,000, r e s p e c t i v e l y , i n l o a n s f o r t h e i r own a c c o u n t and f o r the account of o t h e r s . Largely a s a r e s u l t of Treasury f i n a n c i a l o p e r a t i o n s , h o l d i n g s of U. S. Government s e c u r i t i e s were $113,000,000 lower than on June 1 5 a t a l l r e p o r t i n g * banks and $100,000,000 lower a t r e p o r t i n g members i n the New York d i s t r i c t . The d e c l i n e of $12,000,000 i n h o l d i n g s of o t h e r bonds, s t o c k s and s e c u r i t i e s a t banks m the New f o r k d i s t r i c t was p r a c t i c a l l y o f f s e t by i n c r e a s e s in some of the o t h e r districts. Net demand d e p o s i t s d e c l i n e d $4/2,000,000 d u r i n g the week. The n r i n c r o a l r e d u c t i o n s b y ^ d i s t r i c t s were: New York $272,000,000, Chicago $70,000,000^ San * F r a n c i s c o $26,000,000, Cleveland $21,000,000, S t . Louis $20,000,000, and Boston and P h i l a d e l p h i a $17,000,000 each. Time d e p o s i t s i n c r e a s e d $15,000,000, of which $9,000,000 was i n the Now York d i s t r i c t . Borrowings f r o m the F e d e r a l r e s e r v e banks were $73,000,000 above the June 15 t o t a l , t h e p r i n c i p a l changes i n t h i s item i n c l u d i n g i n c r e a s e s of $33,000,000 i n the New York d i s t r i c t and $31,000,000 i n the Chicago d i s t r i c t a r e d u c t i o n of $25,000,000 in t h e Cleveland d i s t r i c t . md A summary of changes i n 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 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 ending June 22, 1927, f o l l o w s : Increase or w decrease during Lo?ns and d i s c o u n t s , t o t a l Secured by U.S. C-ovt. o b l i g a t i o n s . . . . . Secured by s t o c k s and bonds All other ook - $28,000,000 7,000,000 - 13,000,000 8,000,000 Year + $6/4,000,000 21,000,000 + 4-17,000,000 + 258,000,000 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 . . . - 114,000,000 - 113,000,000 -1,000,000 + + + 406,000,000 87,000,000 319,000,000 Reserve b a l a n c e s " 1 t h F. R. banks Cash i n v a u l t + 99,000,000 3,000,000 + - 52,000,000 17,000,000 Net demand^deposits Time d e p o s i t s Government d e p o s i t s - 4/2,000,000 + 15,000,000 9,000,000 + + + 354,000,000 5/9,000,000 12,000,000 Total b o r r o w i n g s j f r o m F._R. Banks. + + 1/,000,000 . . . . . /3,000,000 Monday, J u l y 4, b e i n g a h o l i d a y , the weekly s t a t e m e n t of c o n d i t i o n of r e p o r t i n g member banks f o r June 29 w i l l be i s s u e d a t 2 P.M., on Tuesday J u l y 5. ' PRINCIPAL HESOUHCSS AND LIABILITIES OF KEPORTI1TG J£E'£BSE BAMS III LEADIHG CITIES For immediate r e l e a s e ( i n thousands of d o l l a r s ) S t . 5422a R e p o r t i n g member banks R e p o r t i n g member banlcs All r e o o r t i n z : member banks i n umcago i n j>lev/ xorx ui t y i June 22 June 22 June 23 June 15 June 22 June 15 June 23 June 15 ! June 23 1926 1Q27 1927 j! 1927 1926 1927 1927 I 1926 1927' Number of r e p o r t i n g banks - - - - Loans and d i s c o u n t 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 - - - - - - A l l 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 - - - - - - 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 - - - - - - - - - T o t a l l o a n s and i n v e s t m e n t s - - - - - - - - He serve b a l a n c e s w i t h F. R. Banks - - - - Cash i n v a u l t - - - - - - - - - - - - - - - 66s 668 703 54 54 59 45 45 46 13,009 121,564 14,996 128,929 13,916 142,936 44,927 32,528 37,382 716,947 617,855 712,092 5,856,863 5 , 8 0 9 , 9 9 3 5 , 4 1 9 , 6 0 2 2,171,516 2,149,423 2,063,443 8,640,813 8 , 5 4 8 , 7 5 6 8 , 3 8 2 , 9 8 0 , 2,554,379 2,551,157 2,275,736 701,476 673,934 669,737 14,619,240 14,647,693 13,945,513 4,758,423 4 , 7 3 7 , 9 6 2 4,384,106 1 , 3 9 5 , 7 4 5 1 , 4 0 5 , 9 2 7 1 , 3 3 2 , 3 4 0 186,278 163,743 911,446 133,752 2,508,115 916,770 1,018,227 220,962 204,995 392,942 988,087 225,730 3,147,387 997,457 4 o 4 , 7 i 4 412,008 363,738 1,804,388 2,015,584 1,904,357 5,655,502 20,681,187 20,823,538 15,601,020 6 , 6 5 3 , 2 8 0 6,753,646 6 , 1 8 8 , 4 9 4 1 , 8 0 7 , 7 5 3 1 , 8 1 0 , 6 4 1 1 , 7 0 1 , 0 7 8 180,107 1,716,924 1 , 8 1 b , 002 1 , 6 6 4 , 5 0 7 814,989 179,299 176,554 745,419 701,535 21,781 19,272 257,914 52,737 19,356 255,272 54,515 274,779 55,594 2,595,009 3,466,938 6,061,947 2,708,036 3,467,509 6,175,345 -To t aemand o.e.) o sn t s — — — — — — —— — — — — 13,254,302 13,726,629 12,900,556 5,288,034 5,535,228 5,036,073 1 , 2 1 3 , 9 6 9 1 , 2 4 5 , 6 3 5 1 , 1 6 4 , 1 3 7 Time d e p o s i t s - - - - - - - - - - - - - - 506,788 53b,810 6,186,335 *6,171,570 5,607,618 1 , 0 1 7 , 7 0 3 1,010,197 834,56s 543,574 Government d e p o s i t s - - - - - - - - - - - 200,306 10,057 188,162 29,161 32,812 15,236 209,100 26,784 14,552 Due from banlcs - - - - - - - - - - - - - — 1,105,374 *1,216,662 Die t o banks - - - - - - - - - - - - - - 3 , H 5 , 2 3 2 3,355,966 B i l l s payable and r e d i s c o u n t s with F.R.Banks: Secured by U.S. Government o b l i g a t i o n s - 170,107 136,254 124,737 All other - - - - - - - - - - - - - - - 102,518 75,291 119,733 T o t a l borrowings from F. R. Banks - - 200,028 272,625 255,937 Loans t o b r o k e r s and d e a l e r s ( s e e r .red "by s t o c k s and "bonds) made "by r e p o r t i n g member banks i n Hew York C i t y : For own account For account of o u t - o f - t o w n "banks For account of o t h e r s Total On demand c. On time 90,611 107,798 97,915 1 , 1 1 3 , 6 7 5 1 , 2 7 1 , 7 8 2 1,042,010 137,375 337,312 24,200 11,435 35,635 15,153 10,848 26,001 45,650 4,512 50,162 1,073,g4j 1,170,133 871,89 0 3,115,870 2,377,403 738,467 21,400 3,133 24,533 1,071,158 974,700 1,233/572 942,754 855,146 615,434 3 , 1 5 9 , 3 7 6 2,532,898 2,434,657 1,859,579 725,209 673,319 152,303 342,732 4,975 " 3,320 8,295 *Eevised f i g u r e s . 153,441 362,162 13,972 2,552 21,524 For immediate r e l e a s e St. 542213 PRINCIPAL RESOURCES AND LI ABILITIES OP ALL REPORTING MEMBER BANKS I!1 EACH FEDERAL RESERVE DISTRICT AS AT CLOSE OF BUSINESS, JUNE 22,1927. ; (III thousands of d o l l a r s ) Federal Reserve D i s t r i c t Total Boston New York Phila. Cleve. Rich. A t l a n t a Chicago S t . L o u i s Minn. Kans.Cy. D a l l a s San Fran. Number of r e p o r t i n g "banks 668 36 91 49 71 67 34 24 31 97 65 45 58 Loans and di scounts: Secured by U.S. Govt, o b l i 121,564 6,588 34,990 9,73s 18,66l 3,564 5,24s 20,157 4,514 3,608 4,443 2,880 7,173 Secured by stocks and bonds 5,856,863 344,34"? 2,494,013 394,9)45 620,249 155,766 106,017 940,765 194,598 73,956 122,487 80,036 329,681 A l l other l o a n s & d i s c o u n t s 8,640,813 641,566 2,904,201 388,345 776,359 362,367 381,381 1,242,219 297,075 156,459 291,324 231,213 968,304 Total loans and d i s c o u n t s l 4 , 6 l 9 , 2 4 o 992,501 5,433,204 793,031 1,415,269 521,697 492,646 2 , 2 0 3 , l 4 i 496,187 234,023 418,254 314,129 1 , 3 0 5 , 1 5 s Investments: U.S. Government s e c u r i t i e s 2,595,009 155.893 1,015,847 107,802 276,855 69,812 57,103 322,293 77,349 65,007 101,142 66,477 279,429 Other b o n d s , s t o c k s & s e c u r . 3,466,938 290,535 1,326,138 284,094 395,237 77,248 60,980 473,104 125,734 57,025 103,406 28,653 244,784 Total i n v e s t m e n t s 6,051,947 446,428 2,341,985 391,896 672,092 147,060 118,083 795,397 203,083 122,032 204,548 95,130 524,213 T o t a l loans and i n v e s t m e n t s 20,681,187 1,438,929 7,775,189 1,184,9 27 2,087,361 668,757 610,729 2,998,538 699,270 356,055 622,802 409,259 1,829,371 Reservc b a l a n c c s w i t h F.R.Bk. 1,716,924 98,440 809,776 79.247 ... . 133,077 4 l , 7 4 l 40,169 251,808 47,533 22,807 53,985 30,367 107,969 Cash i n v a u l t 257,9l4 19,246 09,609 14,991 30/433 13,396 10,867 43,647 5,612 12,061 7,373 9,346 21,333 Net demand d e p o s i t s 13,254,302 906,538 5,882,354 751,663 1,089,057 379,276 324,609 1,786,742 403,229 205,155 486,945 272,225 766,509 Time d e p o s i t s 6,186,335 444,972 1,476,439 261,021 866,844 227,202 235,818 1,106,844 231,138 127,222 151,679 109,937 944,169 Government d e p o s i t s 200,306 26,880 32,647 25,849 21,177 5,398 14,808 23,322 3,301 2,487 2,644 10,329 31,464 Due from banks 1,105,374 58,190 129,038 60,433 107,762 51,531 6S,096 215,584 53,388 48,304 111,771 55,802 144,975 Dae t o banks 3,115,232 152,095 1,176,007 164,955 231,405 112,641 101,719 476,922 133,240 80,908 192,336 86,748 206,256 B i l l s payable m d r e d i s c o u n t s with F. R. Bank: Secured by U.S.Govt, o b l i g . 170,107 5,365 58,475 15,675 14,934 2,023 4,177 34,310 11,106 2,925 3,920 1,235 15,962 A l l other 102,518 8,666 4,320 7,785 6,710 7,780 11,567 21,176 5,744 35 6,842 4gg 21,4o4 Total borrowings from F. R. Bank 272,625 14,031 66,260 19,995 21,644 9,803 15,744 55,486 16,850 2,960 10,762 1,724 37,366
@FedFRASER