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STITEWT FOR THE PBESS St. 5714 Federal Reserve Board, March 12, 1928. For immediate r e l e a s e CONDITION OF MEMBER BANKS IN LEADING CITIES The Federal Reserve Board'g c o n d i t i o n statement of 6go 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 as of March 7 shows d e c l i n e s f o f the Week Of $78*000>000 i n net demand Deposits and of $29,000,000 i n investments, and i n c r e a s e s of $11,000,000 i n loans and d i s c o u n t s , of $21,000,000 i n time d e p o s i t s , and of $4,000,000 i n borrowi n g s from F e d e r a l r e s e r v e banks. Loans on stocks and bonds, i n c l u d i n g U. S. Government o b l i g a t i o n s , vrere $49,000,000 below the February 29 t o t a l a t a l l r e p o r t i n g banks, $76,000,000 below a t r e p o r t i n g member banks i n the New York d i s t r i c t , and $19,000,000 and $16,000,000, r e s p e c t i v e l y , above a t r e p o r t i n g member banks i n the Chicago and Boston d i s t r i c t s . "All O v 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 $22,000,000 a t r e p o r t i n g member banks i n the New York d i s t r i c t , $10,000,000 i n the San Francisco d i s t r i c t , $9,000,000 i n the Cleveland d i s t r i c t , $7,000,000 i n the P h i l a d e l p h i a d i s t r i c t , ' $6,000,000 each m the Chicago and Minneapolis d i s t r i c t s , and $59,000,000 a t a l l r e p o r t i n g banks. Holdings of. U. S. Government o b l i g a t i o n s were $11,000,000 below the amount r e p o r t e d a week ago, d e c l i n e s of $9,000,000 i n the San F r a n c i s c o d i s t r i c t , $7,000,000 i n the Cleveland d i s t r i c t , and $6,000,000 i n the P h i l a d e l p h i a d i s t r i c t being p a r t l y o f f s e t by an i n c r e a s e of $13,000,000 i n the Hew York d i s t r i c t . Hold? i n g s of other bonds, s t o c k s and s e c u r i t i e s d e c l i n e d $l4,000,000 i n the New York d i s t r i c t and $18,000,000 at a l l r e p o r t i n g banks. Net demand d e p o s i t s , which at a l l r e p o r t i n g banks were $78,000,000 below the preceding week's t o t a l , d e c l i n e d $81,000,000 and $35,000,000 i n the New York and San Francisco d i s t r i c t s and i n c r e a s e d $19,000,000 i n the Chicago d i s t r i c t and ^11,000,000 i n the P h i l a d e l p h i a d i s t r i c t . Time d e p o s i t s d e c l i n e d $23,000,000 i n the New York d i s t r i c t , and i n c r e a s e d $19,000,000 i n the Chicago d i s t r i c t , $10,000,000 i n the San F r a n c i s c o d i s t r i c t , and $21,000,000 at a l l r e p o r t i n g banks. Borrowings from the Federal reserve banks were t4,000*000 above the February 29 t o t a l , the l a r g e r increase$48,000,000 r e p o r t e d by member banks i n the New York d i s t r i c t b e i n g l a r g e l y o f f s e t by d e c l i n e s of $17,000,000 i n the P h i l a d e l p h i a d i s t r i c t and $12,000,000 and $8,000,000» R e s p e c t i v e l y , i n the Cleveland and Boston districts. 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 6 5 O r e p o r t i n g member banks, t o g e t h e r with changes during the week and the year ending March 7, 1Q28, follows: ( i n thousands of d o l l a r s ) I n c r e a s e or decrease daring Mar. 7 Week 1928 Year Loans and investments - t o t a l 21,682,243 18,254 4- 1,632,449 Loans and d i s c o u n t s - t o t a l + io,6i4 15,153,148 4826,405 —< 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 l o a n s and d i s c o u n t s Investments - t o t a l U.S. Government s e c u r i t i e s Other bonds, stocks and s e c u r i t i e s Reserve with 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 138,875 6,282,854 8,731,419 — 6,529,095 — 2,922,206 3,606,859 + + _ — 17,048 697,859 145,594 806,o44 59,1+09 28,868 + 10,687 + + 525,361 + 108,079 22,498 18,181' + 280,683 - 12,584 5,150 78,349 20,681 24,073 - 1,143,386 3,630,959 + 25,446 21,468 589,184 81,489 46,682 + 296,667 Borrowings from F. R. banks - t o t a l 359,854 + 4- 93,717 Secured by U.S. Govt, o b l i g a t i o n s All other 228,967 — + + 54,063 39,654 Due from banks Due to banks http://fraser.stlouisfed.org/ Federal C. Reserve Bank of St. Louis 1,742,905 12,061 60,356 247,671 13,637,592 6,675,744 10,342 130,887 + - + + 4,379 3,948 8,327 - + + 679,930 F e d e r a l Reserve Board Marjh 8, 1922. For immediate r e l e a s e CONDITION OF WEEKLY REPORTING MEMBER EMiCS IN CENTRAL RESERVE CITIES ( I n thousands of d o l l a r s ) l-ar. 7 1928 NEW YORK- 4q BANKS Feb. 2Q 1928 ' Mar. 9 1927 Loans and i n v e s t m e n t s - t o t a l 7.066,087 7,135,377 6,247,645 Loans and d i s c o u n t s 5,048,966 5,111,769 4,478,338 total Secured "by TJ. 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 57,124 48, U 7 8 58,59 7 p 32R i 4 4 2 4 l 4 242 2 002 472 2',666,698 2^4171269 Investments - t o t a l T J. 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 ' 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 2,017,121 2,023,608 1,769,307 1,085,788 931,333 1,078,978 944,630 871,871 897,436 747,254 51,833 74$,659 51,489 680,559 57,729 5,481,802 5,563,025 4,982,435 1,061,567 1,081,473 919,983 3,161 10,567 25,642 • Due from banks Due t o banks 98,845 1,326,879 Borrowings from F. R. Bank - t o t a l 102,408 1,394,904 90,065 1,122,445 79,625 42,300 81,590 53,550 26,075 22,550 19,750 72,075 9,515 Loans t o b r o k e r s and d e a l e r s (secured by stocks and bonds): For own account 1,019,403 For account of out-of-town banks 1,461,437 For account of o t h e r s 1,214,869 1,14-9,295 1,423,782 1,148,757 869,677 1,110,405 839,029 3,721,834 2,819,111 Secured by U.S. Government o b l i g a t i o n s A11 other Total 3,695,709 On demand On time 2,789,648 2,811,995 906,06l 909,839 2,155,605 663,506 Loans and investments - t o t a l 1,978,803 1,952,555 1,84,6,4-70 Loans and d i s c o u n t s - t o t a l 1.474.534 1,450,970 1,410,352 CHICAGO - 43 BANKS Secured by U.S.Government o b l i g a t i o n s Secured by stocks and bonds i l l o t h e r l o a n s and d i s c o u n t s 17,679 17,679 757^068 757,06s 699,787 699,737 14,993 14,993 738,l60 738,i6o 6 97,817 697,817 16,642 687,6o4 706,106 Investments - t o t a l 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 504.26A 504.269 222,657 '*281,612 281,612 501,585 220,635 2 20,635 280,950 2 80,950 436,118 178,332 257,786 Reserve with F. R. Bank Cash-in v a u l t 183,211 1 83,211 184,335 l 66 ,,8844o0 1 158,323 20,567 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 t ^ banks Borrowings f r o m F. R. Bank - t o t a l Secured by U.S.Government o b l i g a t i o n s All o ^ i e r c * \ \ . 17,057 17,057 1,283,893 1,271,851 ' 658 ^414 j 586 645,5 86 658 ,4i4 ' 61+5 516 1 , 6 75 1,675 516 57^053 3,701 139,514 139,51% 395,934 144,623 376,328 145,517 371,268 14,807 13,165 1,642 11,985 11,915 70 14,510 ( S t . 5714a) 10,605 3,905 • For immediate r e l e a s e S t . 5714b PRINCIPAL RESOURCES MD LIABILITIES OF ALL REPORTING MEMBER BANKS IN EACH FEDERAL RESERVE DISTRICT AS AT CLOSE OF BUSINESS.MARCH 7,1928 ( I n thousands of d o l l a r s ) Federal Reserve D i s t r i c t Total Boston lew 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. Loans & investments - t o t a l 21,682,245 1,521,138 8,249,171 1,214,810 2,146,235 685,4-79 605,171 5,165,121 723,515 382.205 662.093 436,015 1 . 8 9 1 . 2 9 2 Loans and d i s c o u n t s - t o t a l Secured by US Govt o b l i g . Secured by s t o c k s & bonds All o t h e r loans & d i s c t s Investments - t o t a l 15,155.148 1.052.652 5.775.893 158,875 6,282,854 8,75i,4i9 4,702 58,804 592,989 2,695,875 654,94i 5,019,214 8,211 450,806 554,458 15,569 5,068 5,585 25,058 4,224 2,564 5,582 5,585 4,547 645,962 l 6 l , S l 5 120,661 992,225 201,747 75,526 151,622 87,692 545,956 775,122 550,074 559,562 1,247,401 300,926 172,892 505,142 245,516 946,571 6,529,095 468,506 2,475,278 421,555 709,782 170,522 119,565 900,459 216,618 151,425 221,747 99,622 594.458 170,1611,188,790 298,545 1,286,438 112,922 508,415 309,388 400,394 72,554 97,958 567,089 85,689 69,348 104,968 533,370 132,929 62,075 116,779 70,104 29,518 519,448 274,990 128,880 50,000 42,758 42,544 15,069 11,085 259,157 59,907 54,66o 9,199 106,159 21,166 U. St Govt, s e c u r i t i e s 2,922,206 Other "bonds, s t k s . & s e c u r . 5,606,889 Reserve niih F.R« Bank Cash i n v a u l t ~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 Dae t o banks 795.475 1.456.453 514,957 485.806 2.264.662 506.897 250.782 440.546 336.591 1.2Q6.8R4 1,742,905 247,671 99,6l6 18,920 814,382 66,236 81,394 13,973 55,755 65,630 48,615 7,277 26,957 57,785 5,438 11,551 13,637,592 6,675,744 10,542 953,047 6,079,451 495,242 1,586,451 5,482 915 771,892 1,058,185 571,725 540,086 1,864,841 411,578 255,075 5 1 2 , l 4 i 507,697 289,666 947,557 247,522 259,596 1,224,269 247,994 155,475 168,076 117,595 1,046 904 366 531 67 225 902 195 575 771,896 980,725 1,154 1,145,586 5,650,959 156,402 50,191 155,445 1,594,906 53,475 171,085 90,613 54,226 76,089 222,127 55,756 52,559 125,533 65,078 251,552 114,552 126,015 551,399 146,776 112,500 247,568 112,217 165,577 247,568 Borrowings from 7R B k - t o t a l 359,854 51,959 101,505 22,605 45,050 15.654 15.419 44,685 16.987 5.104 2.028 65.082 Secured "by US Govt o b l i g . All o t h e r 228,967 150,387 15,953 18,006 73,475 27,828 15,961 8,642 25,409 19,621 2,670 10,984 2,807 12,612 52,215 12,470 6,i4o 10,847 1,100 2,004 1,257 771 55,980 7,102 82 50 71 66 55 92 30 65 45 dumber of r e p o r t i n g banks c. 650 36 24 56
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