The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
STATEMENT FOR THE PRESS Released f o r p u b l i c a t i o n I r i d a y a f t e r n o o n , Mar. 1 2 j not e a r l i e r . S t . 4877 F e d e r a l R e s e r v e Board, vhrc.h 11, 1926. CONDITION OF MEMBER BAMS IN LEADING CITIES The F e d e r a l R e s e r v e B o a r d ' s s t a t e m e n t of c o n d i t i o n of J12 r e p o r t i n g member b a n t s i n l e a d i n g c i t i e s a s of tfarch 3 shows i n c r e a s e s of $ 7 9 , 0 0 0 , 0 0 0 i n l o a n s and d i s c o u n t s , $ 1 1 , 0 0 0 , 0 0 0 i n i n v e s t m e n t s , $ 7 3 , 0 0 0 , 0 0 0 i n n e t demand d e p o s i t s and of $ 4 1 , 0 0 0 , 0 0 0 i n "borrowings f r o m t h e F e d e r a l r e s e r v e b a n k s . Member banks i n New York C i t y r e p o r t e d i n c r e a s e s of $ 2 2 , w O , 0 0 0 i n l o a n s and d i s c o u n t s , $ 1 1 , 0 0 0 , 0 0 0 i n i n v e s t m e n t s , $ 7 9 , 0 0 0 , 0 0 0 i n net demand d e p o s i t s and a r e d u c t i o n of $ 2 3 , 0 0 0 , 0 0 0 i n b o r r o w i n g s f r o m % e F e d e r a l r e s e r v e bank. ,-Loans on c o r p o r a t e s t o c k s and bonds were $7>000,000 above the p r e v i o u s weekfe t o t a l , i n c r e a s e s of $ ^ 2 , 0 0 0 , 0 0 0 in t h e Chicago d i s t r i c t , and $6,000,COO and $ 7 , 0 0 0 , 0 0 0 i n t h e C l e v e l a n d 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 , more t h a n o f f s e t t i n g a d e c l i n e of $ 2 2 , 0 0 0 , 0 0 0 i n t h e New York 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 were $ 6 9 , 0 0 0 , 0 0 0 h i g h e r t h a n a week a g o . Of t h i s i n c r e a s e $ 4 8 , 0 0 0 , 0 0 0 was 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 and $ 1 1 , 0 0 0 , 0 0 0 by t h o s e i n t h e Chicago d i s t r i c t . T o t a l l o a n s 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 b o n d s , made by r e p o r t i n g member banks i n New York C i t y were $ 6 1 , 0 0 0 , 0 0 0 l e s b t h a n a wsslt. a g o . Of t n i s d e c l i n e $24, 000,000 was i n l o a n s f o r t h e i r own a c c o u n t , $ 2 2 , 0 0 0 , 0 0 0 i n l o a n s f o r t h e a c c o u n t of o u t - o f - t o w n banks and $ 1 5 , 0 0 0 , 0 0 0 i n l o a n s f o r t h e account <pf o t h e r s . I n v e s t m e n t s i n U. S. s e c u r i t i e s i n c r e a s e d $ 5 , 0 0 0 , 0 0 0 i n t h e New York d i s t r i c t and d e c l i n e d £ 8 , 0 0 0 , 0 0 0 i n t h e San F r a n c i s c o d i s t r i c t . 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 went up $ 1 3 , 0 0 0 , 0 0 0 , r e l a t i v e l y s m a l l i n c r e a s e s b e i n g r e p o r t e d by banks i n s e v e n cf t h e r e s e r v e d i s t r i c t s . Net demand d e p o s i t s were $ 7 3 , 0 0 0 , 0 0 0 h i g h e r t h a n t h e p r e v i o u s week. The p r i n c i p a l changes i n t h i s itern i n c l u d e i n c r e a s e s of $ 8 5 , 0 0 0 , 0 0 0 and $ 1 6 , 0 0 0 , 0 0 0 i n t h e New York and Boston d i s t r i c t s , r e s p e c t i v e l y , and a r e d u c t i o n of $ 3 6 , 0 0 0 , 0 0 0 a t banks i n t h e San F r a n c i s c o d i s t r i c t . An i n c r e a s e of $ 1 8 , 0 0 0 , 0 0 0 i n time d e p o s i t s i n t h e San F r a n c i s c o d i s t r i c t , was p a r t l y o f f s e t by s m a l l d e c l i n e s i n some of t h e other d i s t r i c t s . I n c r e a s e d b o r r o w i n g s f r o m th-3 F e d e r a l r e s e r v e banks were r e p o r t e d i n a l l d i s t r i c t s e x c e p t B o s t o n , New York and P h i l a d e l p h i a . The p r i n c i p a l changes were_ i n c r e a s e s of $ 2 9 , 0 0 0 , 0 0 0 and $ 1 6 , 0 0 0 , 0 0 0 i n t h e Chicago 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 , and a r e d u c t i o n of . t 2 b , 0 0 0 , 0 0 0 i n t h e New York d i s t r i c t . A summary of c h a n g e s 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 t h e week and t h e y e a r e n d i n g March 3, 1926, f o l l o w s : Increase or decrease during Week C. 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 o t h e r + $79,000,000 + 3,0v0,000 + 7,000,000 + 69,000,000 + $7bb,000,000 3b,000,000 + 641,000,000 + 161,000,000 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 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 . . . + + + 11,000,000 2,000,000 3,000,000 3,000,000 13,000,000 + + + + 167,000,000 127,000,000 196,000,000 5 7 , 0 0 0,000 179,000,000 R e s e r v e b a l a n c e s w i t h F . R. Banks Cash i n v a u l t + - 14,000,000 13,000,000 + - 24,000,000 3,000,000 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 + + 73,000,000 9,000,000 - + + + 83,000,000 501,000,000 88,000,000 T o t a l accommodation at F. R. Banks . , . . -+ 4 1 , 0 0 0 , 0 0 0 + 149,000,000 . . . . R e l e a s e d 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 , March 12, 1926;.. not e a r l i e r . PRINCIPAL RESOURCES AND LIABILITIES OF REPORTING MEMBER BANKS IN LEADING CITIES ( i n t h o u s a n d s of d o l l a r s ) R e p o r t i n g member banks All r e p o r t i n g member banks i n New York City Feb. 24 Mar. 4 Mar. 4 Feb. 24 Mar. 3 Mar. 3 192b 1926 1926 1926 1925 1925 Number of r e p o r t i n g b a n k s - - - - - - - - - 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 - - - - - - - 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 712 170,506 5,434,559 8,404,391 716 lb7,375 5,427,270 2,335,753 739 1 60 61 67 St. -rtjja R e p o r t i n g member banks i n Chicago Feb. 24 Mar. 3 Mar. 4 1926 1926 1925 I 206,242| 53,548 54,458 77,882] 4,793,880j2,060,926 2,087,335 1,982,463 8,243,17312,333,091 2,284,109 2,268,162j 46 14,466 627,689 677,056 46 46 14,504 615,730 674,695 23,740 515,868 697,521 1 4 , 0 0 9 , 4 5 6 1 3 , 9 3 0 , 3 9 8 1 3 , 2 4 3 , 2 9 5 4 , 4 4 7 , 5 6 5 4 , 4 2 5 , 9 0 2 4 , 3 2 8 , 5 0 7 1 , 3 1 9 , 2 1 1 1, 304, 929 1 , 2 3 7 , 1 2 9 Investments: 0. S. P r e - w a r bonds - - - - - - U. S. L i b e r t y bonds - - - - - - U. S. T r e a s u r y 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 225,068 1,383,205 449,537 319,087 141,976 2,984,158 223,718 1,387,509 448,915 321,524 139,267 2,971,164 218,360 1,363,203 349,100 515,939 84,029 2,805,394 27,068 528,071 136,705 222,109 25,802 792,218 5,808 108,038 17,297 45,766 1,501 204,093 5,501 106,789 17,123 45,405 1,500 200,513 1,938 81,083 26,347 67,052 6,918 200,277 Total investments - - - - - - 5,503,031 5,492,097 5,336,025 1,803,735 1,792,637 1,731,973 382,503 376,831 383,615 T o t a l 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 - - - - - - - - - - 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 - - — ^ - B i l l s p a y a b l e and red 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 - • All o t h e r - - - - - - - - - - - - — - • 30,153 516,537 200,192 .150,299 44,076 862,478 29,568 519,821 194,937 151,425 39,223 857,663 19,512,487 19,422,495 18,579,320 6,251,300 6,218,539 6,060,480 1,701,714 1,681,760 1,620,744 162,017 152,145 1,650,520 1,636,439 1,626,637 170,316 692,303 702,776 697,885 26,045 281,644 21,694 65,206 64,368 66,671 22,477 291,163 278,250 13,007,657 1 2 , 9 3 5 , 0 8 8 1 2 , 9 2 4 , 0 9 5 5 , 1 2 4 , 2 1 7 5 , 0 4 5 , 2 3 6 5 , 1 0 3 , 8 3 9 1 , 1 5 2 , 2 0 0 1 , 1 5 2 , 4 3 2 1 , 1 4 1 , 2 9 1 454,809 516,494 796,210 516,592 5,446,235 5,437,358 4,945,038 802,093 765,505 201,018 200,982 12,947 14,343 12,947 16,279 113,391 49,995 49,995 115,532 2b,394 98,450 i 34,69b1j 29,610 10,405 6,415 3,719 718 1,600 T o t a l borrowings f r o m F . R. Banks - - - 2 5 4 , 8 1 4 |1 1 1 9 , 3 3 6 362,661 141,926 403,715 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 reporting member banks i n New York C i t y : For own account 1,125,07I 1,149,391 For a c c o u n t of o u t - o f - t o w n banks 1,321,265 1,342,665 For account of o t h e r s 602,056 617,275 C. Total 3,048,392 3,109,331 1 3 3 , 1 4 b I| 40,015 10,134 2,318 237,278 166,437 223,943 138,718 171,271 1 8 3 , 5 4 3 jj 93,332 26,004 i t e l e a s e a 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 , March 12, 1926; not e a r l i e r . s t PRINCIPAL RESOURCES AND LIABILITIES OF ALL REPORTING MEMBER BANKS IN EACH FEDERAL RESERVE DISTRICT AS AT CLOSE OF BUSINESS MAEC'i 3 1926 ( I n t h o u s a n d s of d o l l a r s ) ' ' f e d e r a l Reserve D i s t r i c t Boston Ne» York P h U a . Cleve. Rich. A t l a n t a C s i e ^ o tt.Uml, Sttna. * « . . ( * . M l « S t o trmu T o t S " Number of r e p o r t i n g Banks 40 95 54 ^ ^ R 6g ?b 1Q0 4q & v Loans and d i s c o u n t s , g r o s s : sErJEiH aialg ;I8 II is is, 11 Is if ™ I $1 !Bi,. a a 11 a a 11111111 NE:## «'iii::i«iii u s Total l o a n s and d i s c o u n t s 1 , 0 0 1 , 4 1 7 5 , 0 4 8 , 9 3 5 Investments: -=-^r.t.-, Total investments 774,907 1 , 3 0 4 , 5 1 5 519, 602 524,56? 2 , O S 9 , 7 6 l 532,057 255, 6=7 443,323 3 1 5 , _j!51£7'= 1 , 1 6 2 , 1 7 6 — 350,925 2 , j i g , 3 5 ? . )4;,094 34?,jv2 Total l o a n s and i n v e s t m e n t s 1 , 3 5 2 , 3 4 2 7 , 2 6 S , 2 £ 5 42,761 8 5 r i , 1 9 8 ^ 7 4 7 ^ 60,lo5 52,303 441,124 107,776 79,271 22,836 204,383 2,054,158 619,057 1 2 6 , 1 3 1 95,217 (63,868 i f e , 4 8 0 113.752 185.75^ 75,2=2 442,53' 5,503,031 1 , 9 2 3 , 5 7 5 645,739 619,784 2 , 8 5 3 , 6 2 9 700,537 369,44= 629,0?8 3 9 1 , 1 8 0 1 , 6 4 1 , 3 1 0 1 9 , 5 1 2 487 w i t h F. R. Bank: S e r r M , v „.S.Go,t. o b l i , ^ 112,920 ^9,801 17,345 ^7,279 ^,319 47,4.0 ^5,255 7,600 10,875 ^ BANKERS' BALANCES OF REPORTING MEMBER BANKS IN FEDERAL RESERVE BANK CITIES c. I b E g ; i £ 3AV *37,278
@FedFRASER