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STATEMENT FOE THE PRESS Released 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 , Mar. 13j not e a r l i e r . -St* 4459 F e d e r a l Reserve Board , March 12, 1925 • CONDITION OF MEMBER BAMS IN LEADING CITIES An i n c r e a s e , of $100,000,000 i n l o a n s and d i s c o u n t s and d e c r e a s e s of ' $59,000,000 i n i n v e s t m e n t s , of $55,000,000 in r e s e r v e b a l a n c e s and of $34,000,000 i n accommodation a t t h e F e d e r a l r e s e r v e banks a r e shown in t h e F e d e r a l Reserve Beard 'a weekly c o n s o l i d a t e d s t a t e m e n t of c o n d i t i o n on March 4 of 739 member banks i lead ing c i t i s s . , All c l a s s e s cf l o a n s s h o w , i n c r e a s e s f o r t h e week, l o a n s en United. S t a t e # Government s e c u r i t i e s / V $ 3 f o 8 8 , 0 0 0 , l o a n s en c o r p o r a t e s e c u r i t i e s by $47,000,000 and "All o t h e r , " l a r g e l y commercial,, l o a n s and d i s c o u n t s by $ 5 0 , 0 0 0 , 0 0 0 . Holdings of United S t a t e s bends were reduced by $ 1 5 , 0 0 0 , 0 0 0 , of T r e a s u r y c e r t i f i c a t e s by $30,000,000, and cf c o r p o r a t e s e c u r i t i e s by $15,000,000, w h i l e h o l d i n g s of Treasury n o t e s went up about $ 1 , 0 0 0 , 0 0 0 . Member banks in New York C i t y r e p o r t i n c r e a s e s of $18,000,000 i n l e a n s on c o r p o r a t e s e c u r i t i e s and United S t a t e s Government s e c u r i t i e s and of $ 2 6 , 0 0 0 , 0 0 0 i n iiAll o t h e r " l e a n s and d i s c o u n t s . T h e i r h o l d i n g s of United S t a t e s bonds d e c l i n e d by $4,000,000,- cf T r e a s u r y c e r t i f i c a t e s and of c o r p o r a t e s e c u r i t i e s by $29,000,000^ and $5,000,000, r e s p e c t i v e l y , w h i l e t h e i r h o l d i n g s of T r e a s u r y n o t e s were i n c r e a s e d by $ 7 , 0 0 0 , 0 0 0 , ' Net demand d e p o s i t s want down $£,000,000, d e c r e a s e s cf $15,000,000 i n t h e San Francisee- d i s t r i c t , $ 9 , 0 0 0 , 0 0 0 each in t h e Boston and Chicago d i s t r i c t s and $7,000,000 i n t h e Cleveland d i s t r i c t b e i n g o f f s e t i n p a r t by i n c r e a s e s of ^ $17,000,000 in t h e New York d i s t r i c t , $7,000, 000 i n the Kansas C i t y d i s t r i c t and. $6,000,000 i n t h e 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 show a r e d u c t i o n of $6,00 0,000, i n c r e a s e s of $22,000,000 in t h e San F r a n c i s c o d i s t r i c t , a n d of $11,000,000 i n the Boston d i s t r i c t p a r t l y o f f s e t t i n g d e c l i n e s of $31,000,0^0 and $10,000,000, r e s p e c t i v e l y , i n t h e New York and P h i l a d e l p h i a d i s t r i c t s . Reserve b a l a n c e s of a l l r e p o r t i n g banks show a r e d u c t i o n of $55,000,000 and t h e i r c a s h i n v a u l t a r e d u c t i o n of $13,COO,000. The New York^City members r e p o r t r e d u c t i o n s of $ 4 6 , 0 0 0 , 0 0 0 i n r e s e r v e b a l a n c e s and of $ 6 , 0 0 0 , 0 0 0 i n c a s h . Borrowings of a l l r e p o r t i n g i n s t i t u t i o n s from t h e F e d e r a l r e s e r v e banks were reduced by $ 3 4 , 0 0 0 , 0 0 0 . Like borrowings of t h e New York C i t y banks were reduced by $ 4 9 , 0 0 0 , 0 0 0 . 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 of r e p o r t i n g members d u r i n g t h e week and the y e a r e n d i n g March 4 , 1925J f o l l o w s . Increase'or decrease during - Week Loans and d i s c o u n t s , :r total Reserve b a l a n c e s w i t h F. R. Banks Cash i n v a u l t + $1,309,000,000 - 30,000,000 15,000,000 + c^'mn'nrn 5o3,000,000 . - 55,000,000 13,000,000 + + 2,000,000 :::::: '• '• - Total" accommodation a t F. R. Banks + $100,000,000 - ™v : iSE • : ES : | | | 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 arti s e c u r i t i e s Government d e p o s i t s Year - : : " " '"iSS 34,00 0,000 - 7,000,000 ll,uuu,uuu Beleased fbr publication Friday afternoon, March 13, 1925; not e a r l i e r . St. 4459a PRINCIPAL RESOURCES AND LIABILITIES OF REPORTING MEMBER BANKS IN LEADING CITIES A11 re]s o r t i n g member banks Mar. 4 1925 Number of reporting banks Loans and discounts, gross: Secured by U.S.Gov't, obligations Secured by stocks and bonds All other loans and discounts - Total loans and discounts Investments: U. S. Pre-war bonds .- U. S. Liberty bonds - U. S. Treasury bonds U. S. Treasury notes - - - - - U. S. Treasury c e r t i f i c a t e s - - Other bonds, stocks and s e c u r i t i e s Total investments - - 739 Feb. 25 1925 739 Mar. 5 1924 758 20b,242 202,744 213.687 4,793,380 4,746,733 3,820-369 8,243,173 8,193,354 7,900,509 13,243,295 13,1^2,831 11,934,565 1925 67 77,382 1,982,463 2,268,162 4,328,507 218,834 1,375,887 351,026 514,721 114,315 2,820,751 5,395,534 270,324 999,872 75,607 783,613 96,631 2,222,912 4,449,009 25,302 792,218 1,731,973 Total loans and investments 18,579,320 18,533,365 Deserve balances with F.E. Banks 1,626,637 1,681,619 Cash in vault 281,644 294,501 Net demand deposits 12,924,095 12,932,093 Time deposits 4,945,038 4,950,842 Government deposits 113,391 112,938 B i l l s payable & red i s . with F.E.Banks: Secured by U.S.Govt, obligations 171,271 216,920 All other 83,543 71,849 ^otal borrowings from F.E.Banks 254,814 288,769 16,383,574 1,409,988 279,175 11,174,184 4,194,062 124,644 6,060,480 702,776 64,368 5,103,839 765,505 16,279 118,206 143,591 261,797 98,450 218,360 1,363,203 349,100 515,939 84,029 2,805,394 5,336,025 Reporting member banks in New York City Mar. 4 Feb. 25 Mar. 5 27,06s 528,071 136,705 222,109 34,696 133,146 1925 67 77,495" 1,964,734 2,242,025 4,284,254 27,067 532,055 136,526 214,861 54,895 797,903 1,763,307 6,047,561 748,576 70,226 1924 67 Report ing member banks i n Chicago Mar. 4 Mar. ^ Feb. 25 1925 46 1925 46 1924 4s 1,396,977 2,265,011 23,740 515,868 697,521 23,384 518,604 25,866 442,321 3,728,203 1,237,129 1,228,370 1,116,276 38,666 381,962 81,083 1,938 1,938 82,165 4,198 43,177 5,065 66,215 15,156 389,185 20,330 571,043 1,416,342 5,092,499 5,144,545 584,446 64,902 4,297,647 794,442 607,829 16,279 33,974 149,550 32,789 182,339 27,175 8,914 36,089 26,347 67,052 6,918 686,382 26 , 662 71,184 6,700 648,089 77,745 15,569 200,277 208,222 160,745 383,615 396,871 306,499 1,620,744 158,145 26,045 1,141,291 454,809 14,343 1,625,241 1,422,775 161,006 150,725 28,402 27,385 1,146,309 1,015,185 456,469 372,933 6, 24I 14,343 1,600 718 1,668 1,000 5,274 2,31s 2,668 6,183 905 eased f o r p u b l i c a t i o n Friday afternoon, March 13, 1925 > not e a r l i e r . PRINCIPAL RESOURCES AND LIABILITIES OF ATL •REPORTING MEMBER BANKS IN EACH FEDERAL RESERVE DISTRICT (In thousands of d o l l a r s ) Rich. A t l a n t a Chicago St.Louis Cleve. Phila. Boston Ne'v York Federal Reserve D i s t r i c t 74 36 100 33 76 10 S 55 42 Number of reporting banks Loans and discounts, g r o s s : 31,857 13,685 19,689 6,576 10,295 11,757 Secured by U.S.Govt, o b l i g . 7,883 82,704 692,90s 181,857 433,136 126,837 73,171 316,313 Secured by stocks & bonds 305,l40 2,213,64o 738'943 349j609 383)841 1,216,269 316,640 364,249 All other loans & discounts 649,674 2,567,409 Total loans artf disc cunts 962,702 4,863,-759 Inves b merits: 10,133 37,795 U. 5- Pre-war bends 624,026 78,593 U- S- Liberty bends 152,569 17,168 U. S. Treasury bonds 240,034 8,953 U. S, Treasury notes 27,703 U 3. Treasury c e r t i f i c a t e s 1,878 Othur bends, stocks and 193,770 1,359,156 securities 310 ; 845 2,141,238 Total investments St« 44^90 AS AT vLOSE OF BUSINESS, MARCH 4, 1925. Minn. Kans.Cy. Dallas 25 71 49 San Fran. .Total 70 739 11,492 206,242 2,753 3,931 3,612 215,085 4,793,880 60,045 102,506 73,236 865.500 8,243,173 206,344 343,435 gUi,205 ,922 318,053 1,092,077 13,243,295 692,319 1,191,773 483,022 467,307 1,9^1,034 512,185 269,14?. 9,568 51,242 15,808 19,407 6,995 31,502 170,548 29,227 55,615 7,035 25,163 14,855 36,744 9,052 5,647 2,208 1,804 3,277 341 1,034 17,407 165,970 43,042 94,611 12,336 13,257 25,873 5,257 15,791 656 7,146 27,230 9,953 17,979 5,720 9,333 17,439 42,973 *15,620 14,639 6,033 22,647 9,164 2,833 1,915 24,662 115,032 42,499 26,657 15,478 218,360 1,363,203 349,100 515,939 84,029 257,027 352,033 61,556 41,174 417,089 93,6ll 32,421 72,57 3 21,193 192,726 2,805,394 360,047 646,065 131,255 71,650 755,455 159,445 106,449 165,003 71,469 Ui-7,054 5,336,025 . 1,273,547 7,005,<*7 1,052,366 1,837,838 6l4,277 538,957 2,696,489 671,630 375,591 614,925 389,522 1,509,131 18,579,320 106,749 1,626,637 114 552 38 5 403 40,152 231,121 50,415 28,536 55,531 32,666 80,597 Reserve balances with P.P.Bk. 89,257 758,608 21,493 231,644 30^519 13,698 10,839 52,618 7,653 5,770 11,822 11,129 15=583 C a s h in vault 20,577 79,488 780,115 12,924,095 999,585 366,590 318,835 1,733,450 418,709 2)2,357 500,806 294,450 755,149 Net demand deposits 853,148 5,645,901 729,741 4,945,038 717.463 189,023 193,548 929,099 206,803 107,372 137,216 95,929 175,318 Time deposits 349,215 1,114,311 7,363 113,391 1,650 11,439 2,136 2,941 21,000 6,469 1,602 657 10,522 Government oeped i t s 22,516 25,096 B i l l s nayable and rediscounts with F. p. Bank: 171,271 9,270 48 6,268 160 115 237 100 3,152 25,596 5,no 117,550 Secured by U.S.Govt, oblig. 3,665 6,600 83,543 9,710 4,262 2,006 30s 66 i,t>50 3,156 4,205 3,472 36,293 6,815 All other BALANCES OF REPORTING MEMBER BANKS IN FEDERAL RESERVE BANK CITIES 119,276 2,494,693 445.355 101,355 69,267 128,286 47,452 103,192 52,945 36,201 21,116 132,623 1,147,125 Due to banks 72,527 6 72,07 7 153,297 30,566 22,316 56,707 34,355 c5.lv! 29,349 14,998 14,545 42,252 106,054 Due from banks Total loans & investments
@FedFRASER