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STATEMENT FOR ThE PRESS s t . 6509 Federal Reserve Board, March 10, I93O For immediate r e l e a s e CONDITION OF WEEKLY REPORT IK G MEiSEB MIES IE LEADING- CITIES The Federal Reserve Board's condition statement of weekly r e p o r t i n g member banks in l e a d i n g c i t i e s on March 5 shows i n c r e a s e s f o r the week of $98,000,000 in loans and investments and of $1],000,000 i n time d e p o s i t s , a decrease of $24,000,000 in borrowings from Federal reserve banks"and a small decrease i n n e t demand d e p o s i t s . Loans on s e c u r i t i e s i n c r e a s e d $8$,000,000 a t r e p o r t i n g banks in the Hew York d i s t r i c t , $7,000,000 in the Boston d i s t r i c t ^ $10,000,000 in the Chicago d i s t r i c t , and $96,000,000 a t a l l r e p o r t i n g banks. "All other" loans increased $25,000,000 a t a l l r e p o r t i n g banks, $18,000,000 i n the New York d i s t r i c t and $13,000,000 in the Chicago d i s t r i c t , and d e c l i n e d $6,000,000 each in the Dallas and San Francisco d i s t r i c t s . Holdings of U. S. Government s e c u r i t i e s declined $31,000,000 i n the New York d i s t r i c t and $35,000,000 a t a l l r e p o r t i n g banks, while holdings of other s e c u r i t i e s i n c r e a s e d $9,000,000 i n the New York d i s t r i c t and $14,000,000 a t a l l r e p o r t i n g banks. The p r i n c i p a l changes i n borrowings from Federal r e s e r v e banks f o r the week were decreases of $16,000,000 a t the Federal Reserve Bank of New York, $9«000,000 a t P h i l a d e l p h i a and $7,000,000 a t Cleveland, and an i n c r e a s e of $8,000,000 a t San F r a n c i s c o . 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 weekly r e p o r t i n g member banks, together with changes during the week and the vear ending • March 5, 1930, f o l l o w s : (in m i l l i o n s of d o l l a r s ) Increase or decrease since Mar. 5, 1930 Feb. 26. 1910 liar. 6.1929 22,101 + 98 - 282 Loans - t o t a l 16,547 + 119 + 122 On s e c u r i t i e s All.other 7,737 8,811 + + 96 25 Investments - t o t a l 5,554 2,766 2,788 U. S. Government s e c u r i t i e s Other s e c u r i t i e s Reserve with F. R. banks Cash in 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 Due from banks Due to banks Borrowings from F. R. Banks 1,683 218 * 21 - 4o4 + 11 - 292 - 113 - 48 3 - - 368 + 16 6 12,940 6,887 + 4 13 5 1,098 2,910 + + 15 120 128 1 4H Loans and investments - t o t a l 24 - 33 20 69 60 - 628 Federal Reserve Board March 6,.1930 For immediate r e l e a s e CCETDITIOil OF WEEKLY REPORTING MEMBER 3JEKS IN CENTRAL RESERVE CITIES ( i n m i l l i o n s of d o l l a r s ) HEW YORK Loans and investments - t o t a l Mar. 5 1930 Feb. 26 1930 Mar. 6 1929 7,499 7,412 7,270 5,499 5,4I6 -2,953 2,629 2,890 2,609 2,859 2,557 1,917 1,914 1,354 1,102 S15 1,108 805 1,110 745 782 49 726 53 1,246 5,186 5,226 1,230 1 5,285 1,167 2 77 943 7"t 904 97 951 Loans - t o t a l On s e c u r i t i e s All other Investments - t o t a l U. S. Government s e c u r i t i e s Other s e c u r i t i e s Reserve with F. R. Bank Cash in v a u l t IIet demand d e p o s i t s Time deposits Government d e p o s i t s Dae from hanks Dae to banks % Borrowings from F. R. Bank Loans on s e c u r i t i e s t o brokers and d e a l e r s : For own account For account of out-of-town banks For account of o t h e r s 196 1,006 1,032 1,5^5 953 980 1,556 1,117 1,707 2,223 3,533 3,489 5,647 3,175 4o8 3,116 373 5,142 506 Loans and investments - t o t a l 1,970 1,942 2,l4l Loans - t o t a l 1,564 1,546 1,691 942 623 935 611 949 74l 4o6 396 450 170 235 162 233 191 260 174 15 171 15 177 16 1,237 616 1,222 605 1,262 6S7 138 330 l44 314 160 341 1 l 121 Total On demand On time CHICAGO On s e c u r i t i e s All other Investments - t o t a l U. S. Government s e c u r i t i e s Other 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 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 Due from banks Due to banks Borrowings from F. R. Bank DigitizedC for FRASER ( S t . 6509a) s t . 6509b For immediate r e l e a s e PRINCIPAL EE SOURCES AID LIABILITIES OF WEEKLY REPORTING MEMBER BAMS IN EACH FEDERAL RESERVE DISTRICT GET MARCH 5, 1930 ( i n m i l l i o n s of d o l l a r s ) Total Federal P h i l a - Cleveland Boston jNew York delphia Reserve Richmond Atlanta District (Kansas St.: j MinnChicago| 1 Loui s jeapolis i City Dallas San Francisco Loans and investments - t o t a l 22,101 1,486 2,775 1,200 2,128 64s 6l6 3,192 659 370 652 451 1,924 Loans - t o t a l 16,51+7 1,163 6,525 914 1,513 493 495 2,533 511 253 44o 345 1,363 7,737 8,811 505 658 3,428 3,097 481 434 719 794 192 301 159 336 1,254 1,279 230 281 83 170 135 304 106 239 445 91s 5, 55U 323 2,249 286 615 155 122 659 l4g 117 212 106 562 2,766 2,788 162 l6l 1,225 1,025 79 207 298 317 70 84 I 302 357 64 53 94 119 ii 315 246 1,683 218 97 15 7 88 61 81 12 129 27 39 11 4o 9 249 35 42 6 27 5 51 10 37 8 102 18 367 230 225 130 474 176 281 143 701 1,015 1: 82 51 125 211 64 96 154 215 10 6 16 On s e c u r i t i e s All other Investments - t o t a l U. S. Govt, s e c u r i t i e s Other 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 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 Due from hanks Due to hanks Borrowings from F. R. Bank C 12,9k) 6,887 S87 4y4 5,787 1,810 714 285 1,009 946 354 240 327 243 1,812 1,196 1,098 2,910 '45 115 117 1,006 57 172 94 211 50 100 74 115 209 460 128 6 9 8 23 7 14 26 3 -
@FedFRASER