Full text of H.4.2 Weekly Consolidated Condition Report of Large Commercial Banks in the United States : June 6, 1927

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STAT~lv3ITT ?C3 THo ??". s s
St.5394
F e d e r a l R e s e r v e Bo°rd,
June 6, 1927.

For immediate r e l e a s e

CONDITIO" 0? EHiCEER BAX^S II" l a / D I " ? CITIES.
The F e d e r a l Reserve -Board's c o n d i t i o n s t a t e m e n t of b£o 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 a s of June 1 shows a d e c l i n e f o r t h e week of $67,000,000
i n i n v e s t m e n t s , and i n c r e a s e s of $197,000,000 i n l o a n s sn& d i s c o u n t s , $ 2 2 2 , 0 0 0 , 0 0 0
i n n e t demand d e p o s i t s and $ 7 0 , 0 0 0 , 0 0 0 i n b o r r o w i n g s f r o m t h e F e d e r a l r e s e r v e
"banks. Member t a n k s i n Hew York C i t y r e p o r t e d a r e d u c t i o n of $ 3 7 , 0 0 0 , 0 0 0 i n i n v e s t m e n t s , and i n c r e a s e s of $196,000,000 i n l o a n s and d i s c o u n t s , $222,000,000 i n
n e t demand d e p o s i t s and $ 3 0 , 0 0 0 , 0 0 0 i n "borrowings from t h e F e d e r a l r e s e r v e "bank.
Loans on s t o c k s and "bonds, i n c l u d i n g U n i t e d S t a t e s Government o b l i g a t i o n s , were 3 1 9 5 , 0 0 0 , 0 0 0 above t h e May 25 t o t a l .
The p r i n c i p a l i n c r e a s e s i n
t h i s i t e m were $157,000,000 i n t h e Hew York d i s t r i c t , 317,000,000 i n the Chicago
d i s t r i c t , and $ 8 , 0 0 0 , 0 0 0 and $ 7 , 0 0 0 , 0 0 0 i n t h e Boston and A t l a n t a d i s t r i c t s , r e spectively.
" A l l o t h e r " l o a n s and d i s c o u n t s i n c r e a s e d $ 2 , 0 0 0 , 0 0 0 , i n c r e a s e s of
$28,000,000 i n t h e Hew York d i s t r i c t and $ 5 , 0 0 0 , 0 0 0 in t h e Boston d i s t r i c t b e i n g
n e a r l y o f f s e t by r e d u c t i o n s of $17,000,000 i n t h e Chicago d i s t r i c t , $7,000,000 i n
the A t l a n t a d i s t r i c t , and $ 6 , 0 0 0 , 0 0 0 i n t h e S t . Louis d i s t r i c t . Loans t o b r o k e r s
and d e a l e r s , s e c u r e d by s t o c k s and bonds, mode by r e p o r t i n g member b nks i n Hew
York C i t y were $ 9 7 , 0 0 0 , 0 0 0 above t h e amount r e p o r t e d on May 25, l o a n s f o r t h e i r
own a c c o u n t h a v i n g i n c r e a s e d $ l 4 4 , 0 0 0 , 0 0 0 , while l o a n s f o r a c c o u n t of o u t - o f - t o w n
banks and f o r o t h e r s d e c l i n e d $ 3 9 , 0 0 0 , 0 0 0 and $ 8 , 0 0 0 , 0 0 0 , r e s p e c t i v e l y .
H o l d i n g s of U n i t e d S t a t e s s e c u r i t i e s d e c l i n e d $110,000,000 d u r i n g t h e
week, of which $ 4 9 , 0 0 0 , 0 0 0 was i n t h e Hew York d i s t r i c t and $39,000,000 i n t h e
S t . Louis d i s t r i c t . 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 were
$43,000,000 above the p r e v i o u s w e e k ' s f i g u r e , t h e p r i n c i p a l changes i n c l u d i n g i n c r e a s e s of 3 3 I , 0 0 0 , 0 0 0 i n t h e S t . Louis d i s t r i c t , $ 1 4 , 0 0 0 , 0 0 0 in the C l e v e l a n d
d i s t r i c t and $ 8 , 0 0 0 , 0 0 0 i n t h e How York d i s t r i c t , and r e d u c t i o n s of $9,000,000
and $ 5 , 0 0 0 , 0 0 0 i n t h e Chicago and Sen F r a n c i s c o d i s t r i c t s , r e s p e c t i v e l y .
Hot demand d e p o s i t s i n c r e a s e d $222,000,000 d u r i n g t h e week, i n c r e a s e s ^
b e i n g r e p o r t e d by a l l d i s t r i c t s e x c e p t Chicago, S t . L o u s , and P h i l a d e l p h i a , where
r e d u c t i o n s of $ 3 6 , 0 0 0 , 0 0 0 , $ 1 5 , 0 0 0 , 0 0 0 , and $ 5 , 0 0 0 , 0 0 0 were shown. The p r i n c i p a l
i n c r e a s e s i n c l u d e d $220,000,000 i n t h e Hew York d i s t r i c t , $ 1 8 , 0 0 0 , 0 0 0 i n the
C l e v e l a n d d i s t r i c t , $12,000,000 in t h e Boston d i s t r i c t , and. $ 8 , 0 0 0 , 0 0 0 each i n
t h e M i n n e a p o l i s and San F r a n c i s c o d i s t r i c t s , r e s p e c t i v e l y .
Borrowings f r o m t h e Fe e.ral r e s e r v e banks were $70,000,000 above t h e
May 25 t o t a l .
Of t h i s i n c r e a s e , $26,000,000 was in t h e Hew York d i s t r i c t ,
$22,000,000 i n t h e Chicago d i s t r i c t , and $ 1 1 , 0 0 0 , 0 0 0 and $ 9 , 0 0 0 , 0 0 0 i n t h e ,
P h i l a d e l p h i a and S t . Louis d i s t r i c t s , r e s p e c t i v e l y .
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 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 1, 1927, f o l l o w s :
Increase
Week
Loans and d i s c o u n t s , t o t a l
Secured by U.S. Govt, o b l i g a t i o n s , . . .
Secured by s t o c k s and bonds
All other
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
Reserve b a l a n c e s w i t h F. R. b i n k s
Cash i n v a u l t

+
—

+
4-

decrease
Year
+ $663,000,000
24,000,000
+ 422,000,000
+
265,000,000

+

67,000,000
110,000,000
43,000,000

+

+

38,000,000

+

-

—

Het 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

+

T o t a l b o r r o w i n g s f r o m F. R. Banks .

+


W.


$197,000,000
7,000,000
202,000,000
2,000,000

or

4-

+
~

-

222,000,000
6,000,000
17,000,000

+
+

70,000,000

+

-

261,000,000
58,000,000
319,000,000
65,000,000
22,000,000
1)3,000,000
552,000,000
115,000,000
25,000,000

>RI JCIPAL .HSSOURCES MD LIABILITIES OF REPORTING- ""'-vBER BAIIKS 15 LE.lDIlIGr CITIES
For immediate r e l e a s e
( i n t h o u s a n d s of d o l l a r s )
S t . b3Q4a
R
e
p
o
r
t
i
n
g
me
ace
r
banks
R
e
p
o
r
t
i
n
g
member
banks
All re p o r t i n g member b a n k s
i n lew York City
i n Chicago
•June 1 1 1 "ay 25 j June 2
June 1 | Yay 25
June 2
June 1 I May 25 1 June 2
1927
!
1927
i
1926
19 26
1927
|
1927
1927
|
1927 !
1926
dumber of r e p o r t i n g banks - - - obg
665
54
54
703
45
59
Loans and d i s c o u n t s :
Secured "by TJ. S. Government o b l i g a t i o n s - 134,982
142,293
152,876
41,793
47,039
13,243
52,295
13,529
15,532
Secured by s t o c k s and bonds - - - - - - - 5 , 8 3 1 , 1 7 7 5,o2Q,429 5 , 4 0 8 , 8 4 9 2 , 1 3 9 , 7 9 8 2 , 0 1 4 , 3 6 7 2 , 0 9 2 , 1 0 0
681,115
567,351
603,581
A l l o t h e r l o a n s and d i s c o u n t s - - - - - - 8,659,025 8,556,894 8,394,273 2,576,064 2,549,301 2,292,319
536,339
702,134
710,643
T o t a l l o a n s and d i s c o u n t s - - - - - - - 14,625,185 14,423,616 13,961,998 4,307,660 4,611,557 4,436,714 1,381,433 1,333,328 l , 3 2 9 , 7 b l
Investments:
U. S. Government s e c u r i t i e s - - - - - - - 2,529,239 2 , 6 3 9 , 3 0 2 2 , 5 3 6 , 9 8 8
920,803
964,120
184,203
191,201
170,700
945,335
Other b o n d s , s t o c k s and s e c u r i t i e s - - - 3,44g,o67 3,4o4,789 3,129,026
217,192
963,543
955,393
393,724
227,571
206 M l
Total investments - - - - - - - - - - 5,977,306 6 , 0 4 4 , 0 9 1 5 , 7 1 6 , 0 1 4 1 , 3 8 4 , 3 5 1 1 , 9 2 1 , 0 1 3 1 , 3 4 4 , 0 5 9
413,772
401,395
377,557
Total l o a n s and i n v e s t m e n t s - - - - - -

- - -

Reserve b a l a n c e s w i t h F. R. Banks - - - - - Cash i n v a u l t - - - - - - - - - - - - - - - -

20,602,491 20,472,707 1 9 , 6 7 3 , 0 1 2 6 , 5 9 2 , 0 1 1 6 , 5 3 2 , 5 7 0 5 , 2 3 0 , 7 7 3 1 , 7 8 2 , 3 7 3 1 , 3 0 2 , 6 0 0 1 , 7 0 7 , 3 4 8
1,725,229 1 , 0 3 7 , 0 0 5 1 , 6 6 0 , 0 9 s
729,631
757,996
701,906
151,16s
176,157 •177,995
260,199
260,179
282,039
56,498
53,424
13,7:6
63,354
19,774
21,965

Yet 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 - - - - - - - - - - - - -

13,413,940 1 3 , 1 9 1 , 3 5 4 1 3 , 0 7 5 , 7 0 1 5 , 4 i 4 , 6 4 O 5 , 1 9 3 , 1 6 6 5 , 1 6 1 , 4 2 3 1 , 1 9 5 , 2 5 6 1 , 2 3 4 , 3 5 2 1 , 1 7 5 , 0 7 5
6,156,447 6,150,363 5,604,206
326,393
532,313
970,813
956,999
532,165
500,378
183,914
4,604
73,537
90,619
32,312
21,357
26,370
7,060
5,527

Due f r o m banks - - Due t o "banks - - - B i l l s p a y a b l e and r e d i s c o u n t s w i t h F.R. Banks:
Secured by U.S.Government o b l i g a t i o n s - - All other

1,200,761
3,297,140

1,095,277
3,097,395

190,775
139,296

155,596
104,031

lib,034
105,945
89,976
1,211,289 1,030,obi 1,142,261

100,537
354,153

1 ;>3 ,5o2
360,750

174,025
390,429

190,832

59,650
24,020

33, Soo
19,634

35,350
21,105

14,370
19,723

14,300
6,739

6,904
1,254

T o t a l b o r r o w i n g s from F. It. ;janks - 330,071
259,677
305,271
Loans t o b r o k e r s and d e a l e r s ( s e c u r e d by s t o c k s and bonds) made by r e p o r t i n g
member b a n k s i n Mew York C i t y :
For own account
For account of o u t - o f - t o w n b a n k s
For account of o t h e r s
Total
On demand

On time

33,670

53,234

106,955!

34,598

21,589

8,15s



114,439

1,076,332
032,161
959,976
1,134,013 1,172,539
945,220
8'51,54l
359,900
587,653
3,061,891 2,964,650 2,492,349
2,349,308 2,256,401 1,300,433
712,583
703,159
692,361

For immediate r e l e a s e
PRINCIPAL RESOURCES A"D LIABILITIES OF AIL REPORTING
F e d e r a l Reserve D i s t r i c t
dumber 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 . G o v t . o b l i g .
Secured by s t o c k s and bonds
All other loans & discounts
l 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 b o n d s , s t o c k s & s e c u r .
'Total i n v e s t m e n t s

Total
o5S
134,922
,831,177
'D,
5,,659,025
U'-,,625,1S5

Boston
36

Mew York
91

44,454
7,l4l
342,930 2,510,223
645,437 2,923,210

S t . 5394b
BASICS I IT IAC:
5DE3AL RESERVE DISTRICT AS AT CLOSE OF BUSINESS, JUT 1 1, 1527.
'"n "
Fhila.
Cleve.
Rich. A t l a n t a
Chicago S t . I o u i s Hi nil. Kans.Cy. D a l l a s San Fr an.
1
24
71
57
34
'9
31
55
45
97
53

995,502 5,422,957

4,422
20,425
4,492
4,501
2,900
19/29
2,692
5,255
2,933
623,119 155,676 109,571
905,221 129,943 75,642 113.531 8 0 , 2 2 4
326,701
725,213 355,514 331,025 l , 2 4 5 , 2 2 7 225,276 152,736 290,425 229,044
970.407
792,410 1 , 4 2 9 , 7 5 7 515,612 495,951 2 , 1 7 4 , 4 3 7 479,711 232,317 402,557 312,162 1 , 3 0 5 , 3 0 0

,529,239
3,,443,067

143,561 1 , 0 1 6 , 7 0 2
224,136 1 , 2 9 6 , 0 1 2

100,779
282, 79^

5:,977,306

432,697 2,312,720

353,573

13, .413,940
3, 156,447
73,537

921,402 6 , 0 3 1 , 3 1 0
436,177 1 , 4 2 4 , 1 3 1
22,626
7,465

757,395 1 , 0 5 5 , 4 5 1 377,397 332,224 1 , 7 9 1 , 4 c ? 3 3 0 , 0 2 1 209,096 432,996 273,462
259,731
913,679 224,975 236,069 1 , 0 9 0 , 7 2 5 233,763 127,012 151,^57 103,173
3 , 545
2,071
5,203
2,763
2,436
524
3,925
7,792
532

722,732
949,944
3,949

1,200,751
3, 297,140

58,120
147,391
151,466 1 . 2 7 5 , 1 ^ 5

08,217
178,513

O

1

9.763
396,130
355,512

265,501
402,843

62,13s
75,943

56,521
60,237

319,703 61,327
455,311 153,177

53,646 107,431
52,142 101,544

51,309
27,690

259,571
234,732

568,344 144,081 116,752

735,51)-!- 219,504 121,732 209,025 88,999
494,303
T o t a l l o a n s and i n v e s t m e n t s
20,, o02,491 1,422 , 205 7,795,677 1,175,953 2 , 0 9 8 , 1 0 1 659,693 6X2,709 2 , 9 5 9 , 9 5 1 699,215 354,105 6 1 7 , 5 2 2 401,167 1 , 8 0 0 , 1 0 3
Reserve b a l a n c e s w i t h U.R.Bk. 1 , 7 2 5 , 2 2 9
72,533
219,334
99,730
131,132 41,239 3 9 , 9 2 5
251,523 42,597 21,619 53.753 3 0 , 1 1 4
114,965
Cash i n v a u l t
260,199
19,102
14,248
70,247
22,742 13,296 11,326
2,227
21,265
5.914 11,571
9,502
45,559
~et demand d e p o s i t s
"lime d e p o s i t s
Government d e p o s i t s
Due from banks
Due t o b a n k s
B i l l s p a y a b l e and r e d i s c o u n t s
" ' i t h F. R. Bank:
Secured by U.S.Govt, o b l i g .
All o t h e r
Total borrowings from
E. R. Bank




102,232 59,961 72,737
243,576 115,492 1 0 4 , 6 1 1

250,237 53,220
495,213 137,082

52,361 112,342
82,249 201,090

60,254
91,722

156,529
218,715

190,775
139,296

20,990
12,579

54,931
24,020

12,265
9,580

23,133
2,605

2,975
4,275

1,054
14,511

27,292
29,907

5,745
16,244

3,305
254

4,512
5,771

1,710
1,115

11,252
12,435

330,071

33,569

22,951

27,345

36,732

7,250

15,575

57,799

21,990

3,559

10,233

2/225

23.687