The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
Be leaded f o r p u b l i c a t i o n Friday a f t e r n o o n , June 5; not e a r l i e r . STATEMENT FOR THE PRESS S t , U55I Federal BefAnrs Board,, June U, 1925. CONDITION OF MEMBER BAMS IN LEADING CITIES The-pri n c l p a l change a i n the c o n d i t i o n o f 73^ r e p o r t i n g member banks i n l e a d ing c i t i e s d u r i n g the weak e n d i n g May 2%, a s shown i n t h e statement i s s u e d b y the F e d e r a l Be s e r v e Board, comprise a d e c l i n e of $49,00.0,000 i n n e t demand d e p o s i t s , and i n c r e a s e s of $0*5,000#000 i n b o r r o w i n g s f r o m F e d e r a l reeerve b a n k s , of $17»COO ,000 i n r e s e r v e b a l a n c e s , and of |ll,000..COO. i n l o a n s and d i s c o u n t s . The New York C i t y banks reported a r e d u c t i o n of $ 1 1 , 0 0 0 , 0 0 0 i n n e t demand d e p o s i t s , and i n c r e a s e s of $4S,000,000' i n borrowings f r o m t h e F e d e r a l r e s e r v e banks, o f $19,000,000 i n r e s e r v e b a l a n c e s and o f $ 1 8 , 0 0 0 , 0 0 0 i n l o a n s and d i s c o u n t s . Loans on s t o c k s and bonds went -up $ 3 5 , 0 0 0 , 0 0 0 , of which $ 2 3 , 0 0 0 , 0 0 0 and $ 1 1 , 0 0 0 r 0 0 0 , r e s p e c t i v e l y were reported by b a n k s i n the New York and Cleveland d i s tricts. ''All other" l o a n s and discounts,, l a r g e l y commercial, f e l l o f f $ 1 9 , 0 0 0 , 0 0 0 i n the Chicago d i s t r i c t , $5>000-000 each i n t h e P h i l a d e l p h i a Jand S t . Louis d i s t r i c t s , and $ 4 , 0 0 0 , 0 0 0 i n t h e Cleveland d i s t r i c t , t h a s e r e d u c t i o n s b e i n g o f f s e t i n part by an i n c r e a s e of $ 1 6 , 0 0 0 , 0 0 0 i n the Boston d i s t r i c t . Investments o f r e p o r t i n g members changed but s l i g h t l y during t h e week, small d e c l i n e s i n the New York, Richmond and A t l a n t a d i s t r i c t s b e i n g n e a r l y o f f s e t by increases in other d i s t r i c t s . Net demand d e p o s i t s d e c l i n e d i n ''.all d i s t r i c t s except A t l a n t a , Minneapolis and Kansas C i t y , the p r i n c i p a l r e d u c t i o n s b e i n g : Chicago $ 2 3 , 0 0 0 , 0 0 0 , P h i l a d e l p h i a $ 1 0 , 0 0 0 , 0 0 0 , and New York $ 9 , 0 0 0 , 0 0 0 . Time d e p o s i t s o f r e p o r t i n g members•went up $11,000,000, small i n c r e a s e s b e i n g shown f o r most o f the d i s t r i c t s . Of the aggregate i n c r e a s e o f $ 6 5 , 0 0 0 , 0 0 0 i n borrowings from t h e Federal r e serve banks, $ 5 6 , 0 0 0 , 0 0 0 was reported by banks i n the New York d i s t r i c t and $11,000,000 by banks i n the Cleveland d i s t r i c t . 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 o f r e p o r t i n g members during the week and the year ending May 2 7 , 1925; f o l l o w s ; Increase or decrease Week during Year Loans and d i s c o u n t s , t o t a l Secured by U.S.Gov* 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 - 5>000,000 + 3®^*000#000 - 19,000,000 +$1,157,000,000 37,000,000 + 1,022,000,000 + 172,000,000 Investments, t o t a l . . . . U. 5. 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 . . . . - 1.000,000 - 25,000,000 + 1,000,000 - 2t000,000 + 25,000,000 + + + + 826,000,000 533,000,000 236,000,000 19,000,000 510,000,000 Reserve balances w i t h F. R. Banks Cash i n v a u l t . . + 17,000,000 + 9,000,000 + - 162,000,000 2,000,000 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 . . . . . - ^9,000,000 11,000,000 + 2,000,000 + 1,242,000,000 + 846,000,000 + 51,000,000 + 65,000,000 + Total accommodation at F. R. Banks W. . 37,000,000 S t . 4551a R e l e a s e d f o r p u b l i c a t i o n Friday a f t e r n o o n , June 5, 1925; not e a r l i e r . PRINCIPAL RESOURCES AH) LIABILITIES OF REPORTING MEMBER BANKS IN LEADING CITIES ( i n thousands of d o l l a r s ) A l l r e p o r t i n g member banks May 27 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 : 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 - - — - - - Investments: U. S. Pre-war bonds - - - - - - - - - - - u . S. L i b e r t y bonds r- - U. S, Treasury 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 - - - - - - - — - - - Total l o a n s and i n v e s t m e n t s - - - — 183,107 4,847,438 8,066,563 May 28 1924 749 Cash i n v a u l t - - - - __ 218,674 1,352,943 449,741 - — 65 65 67 60,890 61,396 80,396 215,064 3,859,890 1,955,583 1,934,277 1,420,376 7,876,217 2,203,185 2,205,848 2,225,917 106,162 2,931,498 220,201 1,378,812 446,437 425,425 108,670 2,906,566 271,867 1,149,371 67,209 662,513 8 6,975 2,421,074 5,485,345 5,486,111 4,659,009 - 18,593,277 18,583,219 16,610,180 Reserve b a l a n c e s w i t h F. ft. Banks - - - - - - - 178,163 4,881,866 8,047,903 736 j 13,107,932 13,097,108 11,951,171 T o t a l l o a n s and d i s c o u n t s Net demand d e p o s i t s - - - 736 May 20 1925 Reporting member banks i n New York C i t y May 20 May 28 May 27 1924 1925 1925 1,608,346 1,591,HO 1,446,754 284,987 275,694 286,650 - 1 2 , 6 4 4 , 7 7 6 1 2, $ 4 , 0 6 8 1 1 , 4 0 3 , 1 9 3 Reporting member banks i n Chicago May 20 May 28 May 27 1925 1925 1924 46 20,253 46 24,709 569,954 558,942 1,933 84,191 26,384 84,161 685,600 694,409 4,219,658 4,201,521 3*726*659 ft,2?5,SOT 1,278,060 29,127 494,660 48 27,035 443,168 667,829 1,138,032 2,171 196,454 25,958 60,165 3,685 195,594 4,194 56,145 4,106 80,432 13,353 164,687 371,148 371,496 322,917 5,990,143 5,979,650 5,308,358 1,646,955 1,649,556 153,674 159,147 698,306 679,280 634,961 1,460,949 29,127 503,564 39,957 501,929 19,411 313,755 21,532 685,085 1,770,485 1,778,129 1,581,669 162,254 183,992 54,091 846,361 66,097 163,201 179,927 54,851 847,459 62,122 69,409 60,015 23,768 1,933 142,306 25,067 27,614 4,986,571 4,997,676 4,499,507 1,134,008 1,141,693 1,043,891 5,169,061 5,158,152 4,322,630 846,184 845,759 658,24I 484,541 484,754 383,307 139,667 137,97 3 89,055 24,114 24,114 21,797 10,618 10,618 5,383 129,303 88,756 84,809 68,315 81,351 100,110 48,325 22,903 13,000 10,005 16,575 1,918 4,455 990 1,260 - Total borrowings from F. R. Banks - - - - 218,059 153,124 181,461 71,228 23,005 18,493 5,445 1,990 Time d e p o s i t s " Government d e p o s i t s - - - - - - — - - - — B i l l s payable 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 A l l other - - - - - - - — — - - - - - - - 730 865 - 2,165 \ 3,030 Released, t o r publj.^uiiuu avoernoon, June 5, 1925; not e a r l i e r . St. 4551b PRINCIPAL RESOURCES AND LIABILITIES OF ALL REPORTING MEMBER BANKS IN EACH FEDERAL RESERVE DISTRICT (In thousands of dollars) Federal Reserve D i s t r i c t Boston New York Phila. Cleve. . Rich. Atlanta Chicago St.Louis Number of reporting banks 42 106 55 76 73 36 100 33 Loans and discounts, gross: Secured by U.S.Govt, oblig. 7,685 66,257 13,244 18,588 6,333 8,965 27,362 10,212 Secured by stocks & bonds 287,$62 2,196,278 331,357 470,535 128,037 87,581 755,299 170,553 All Other loans & discounts 652,967 2,504,864 360,854 736,005 351,469 378,037 1,204,067 298,173 Total l o a n s and discounts 948,614 4,767,399 Investments: U. S. Pre-war bonds 9,691 39,879 U. S. L i b e r t y bonds 76,304 588,674 U. S. Treasury bonds 22,153 178,652 U. S. Treasury n o t e s 7,227 198,029 U. S. Treasury c e r t i f i c a t e s 2,932 .55,679 Other bends,- s t c c k s and. securities. 200,165 1,131,183 Total investments 318,47 2 2,192,09 6 AS AT CLOSE OF BUSINESS, MAY 27, 1925. Minn. Kans.Cy. Dallas 25 71 49 2,697 3,748 3,332 53,993 103,624 71,420 172,845 318,459 212,511 San Fran. 70 9,740 225,227 857,652 Total 736 178,163 4,881,866 8,047,903 705,455 1,225,128 485,839 474,583 1,986,728 478,938 229,535 425,831 287,263 1,092,619 13,107.932 9,595 55,821 21,276 12,770 6,053 30,806 160,875 34,535 40,658 7,453 25,288 33,758 11,407 1,423 457 261,971 358,822 367,486 633,149 134,220 14,893 14,547 5,584 3,172 1,589 61,887 44,421 84,206 6,896 12,708 23,351 13,986 11,055 2,202 24,987 11,740 18,358 2,752 9,333 47,456 18,179 14,547 3,904 17,679 18,229 9,258 8,932 2,726 24,112 134,292 59,450 25,636 13, 688 218,674 1,352,943 449,741 426,327 421,040 124,838 41,073 76,099 19,774 190,225 2,931,498 7 68,191 188,140 105,806 169,548 76,628 447,403 5,485,345. 17,794 174,619 63,491 84,520 6,727 106,162 Total loans and investments 1,267,086 6,959,495 1,072,941 1,858,277 620,059 558,789 2,754,919 667,078 335,341 595,379 363,891 1,540,022 18,593,277 Reserve balances w i t h F.R.Bk. 87,796 757,123 78,190 123,286 38,263 40,885 223,556 49,766 25,405 50,446 28,238 105,392 1,608,346 Cash i n vault 20,986 82,188 16,759 30,925 14,758 10,497 49,297 7,552 5,968 12,781 10,867 22,409 284,987 Net denffm d e p o s i t s 856,88 1 5,549,665 7 63,425 993,599 346,496 331,216 1,721,958 383,504 a ? , 1 1 2 468,17 5 258,407 754,038 12,644,776 Time d e p o s i t s 354,474 1,212,333 173,705 735,503 197,988 204,808 986,104 205,468 103,328 138,570 93,292 763,468 5,169,061 Aoveransnt d e p o s i t s 9,032 31,002 18,299 19,312 6,798 6,222 19,309 8,006 1,676 3,304 4,932 11,775 139,667 B i l l s payable and rediscounts w i t h F. R. Bank: Secured by U.S.Govt, o b l i g . 2,850 othar 13,700 A u 59,090 24,985 9,718 4,546 21,14? 6,405 3,443 13,47 6 985 3,232 20,265 3,005 1,856 6,406 731 714 1,067 1,098 9,235 10,105 129,303 88,756 93,190 43,522 2,129,422 615,115 BANKERS' BALANCES OF REPORTING MEMBER BANKS IN FEDERAL RESERVE BANK CITIES Due t o banks Due fron banks 119,974 1,003,927 43,900 106,747 173,112 59,007 50,046 25,270 28,417 12,753 13,632 17,095 385,726 188,548 85,521 31,618 49,309 100,445 17,466 45,805 26,123 23,384
@FedFRASER