The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
STATEMENT FOR THE PRESS St. 3974 Eel eased "for publ i c a t ion Friday a f t e r n o o n , Mar. l 4 ; not e a r l i e r . F e d e r a l Reserve Board, March 13, 1924. CONDITION OF MEMBER BANES IN LEADING- CITIES Aggregate i n c r e a s e s of $57,000,000 i n loans and d i s c o u n t s , t o g e t h e r w i t h reduct i o n s of $48,000,000 i n investments and of $35,000,000 i n accommodation a t the Federal r e s e r v e banks a r e shown in the Federal Reserve B o a r d ' s weekly c o n s o l i d a t e d statement of c o n d i t i o n on March 5 of 758 member banks i n l e a d i n g c i t i e s . I n c r e a s e s of $15,000,000 i n loans on c o r p o r a t e s t o c k s and bonds and of $56,000,000 in " a l l o t h e r , " l a r g e l y commercial, loans and d i s c o u n t s , a r e o f f s e t in p a r t by a d e c r e a s e of $14,000,000 in loans on U. S. Government o b l i g a t i o n s . Investments of a l l r e p o r t ing banks in tL S. Government s e c u r i t i e s d e c l i n e d by $50,000,000, of which $30,000,000 was in L i b e r t y bonds and $11,000,000 i n Treasury n o t e s . Investments in other bends, s t o c k s and s e c u r i t i e s show an i n c r e a s e of $2,000,000. Member banks i n New York C i t y r e p o r t i n c r e a s e s of $12,000,000 i n loans on corp o r a t e s e c u r i t i e s and of $49,000,000 i n " a l l o t h e r " loans and d i s c o u n t s , and a dec r e a s e of $18,000,000 in loans on U. S. Government o b l i g a t i o n s . Investments of t h e s e banks i n U. S. Government s e c u r i t i e s d e c l i n e d by $44,000,000, mostly i n L i b e r t y bonds and Treasury n o t e s , while t h e i r h o l d i n g s of c o r p o r a t e stocks and bends i n c r e a s e d by $6,000,000.. Net demand d e p o s i t s i n c r e a s e d $7,000,000, i n c r e a s e s of $14,000,000 i n t h e Cleveland d i s t r i c t , of $13,000,000 in the Chicago d i s t r i c t , and of $7,000,000 i n t h e Minneapolis d i s t r i c t , being p a r t l y o f f s e t by a d e c r e a s e of $28,000,*000 in t h e San F r a n c i s c o d i s t r i c t . Time d e p o s i t s show an increase of $10,000,000 and Government d e p o s i t s a nominal i n c r e a s e . Reserve b a l a n c e s show a d e c l i n e of $9,000,000 f o r a l l r e p o r t i n g members and of $31,000,000 f o r the New York City members. Cash in v a u l t shows a nominal d e c l i n e . 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 the Federal r e s e r v e banks declined. from $297,000,000 t o $262,000,000. Borrowings of t h e New York City banks from t h e l o c a l r e s e r v e bank show a r e d u c t i o n of $35,000,000, which i s a l s o t h e net r e d u c t i o n shown f o r a l l r e p o r t i n g member banks. A summary of changes in 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 during t h e week and t h e y e a r ending March 5, 1924, f o l l o w s : I n c r e a s e or d e c r e a s e d u r i n g Week Loans and d i s c o u n t s , t o t a l 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 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. C e r t i f i c a t e s of indebtedness 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. 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 Total accommodation a t F. R. Banks c. . Year $300,000,000 58,000,000 103,000,000 255,000,000 + $57,000,000 - 14,000,000 + 15,000,000 + 56,000,000 48,000,000 34,000,000 - 254,000,000 - 20,000,000 112,000,000 11,000,000 - 159,000,000 5,000,000 2,000,000 + 9,000,000 + 1,000,000 - 7,000,000 - 211,000,000 10,000,000 + 335,000,000 1,000,000 + 35,000,000 - 37,000,000 7,000,000 6,000,000 24,000,000 110,000,000 Released f o r p u b l i c a t i o n Friday afternoon, March 14, 1924; not e a r l i e r . St. 5374: PRINCIPAL RESOURCE AND LIABILITY ITEMS OF REPCBTIXto MEMBER 3AI4KS IS LEADING CITIES ( I n thousands of d o l l a r s ) Mar, 5, 1524 Number of reporting banks - - - - - - - - - - - - - - - - - - - - - - - 758 Loans and discounts, gross: Secured by U. S. Government obligations - - - - - - - - - - - - - - - - 213,687 Secured. Ty stocks and bonds (other than U. S. s e c u r i t i e s ) - - - - - - - 3,820,369 All other loans and discounts - - - - - - - - - - - - - - - - - - - - - 7,900,509 Total loans and discounts - - - - - - - - - - - - - - - - - - - - - - U. S. Pre-war bonds U. S. Liberty bonds U. S. Treasury bonds - - - - - - - - - - - - - - - - - - - - - - - - - - U. S. Treasury notes U, s. C e r t i f i c a t e s of indebtedness Other bonds, stocks and s e c u r i t i e s - — _ - - Total loans and discounts and investments _____ - Reserve balance with Federal reserve banks - - - - - - - - - - - - - - - Cr.sh in vault Net demand deposits Time deposits Government deposits - - - - - - - - - - - - - - - - - - - - - - - - - - - B i l l s payable and rediscounts with Federal Reserve Banks: Secured by U. S. Government obligations - - - - - - - - - - - - All other Ratio of b i l l s payable and rediscounts with Federal Reserve Banks t o t o t a l loans and investments, per cent - - - - - - - - - - - - - - - C. -- -- -- - Feb. 27,1924* 759 Sept. 5, 192) 7&9 Mar. 7, 1923 777 227,448 3 >805,100 7,844,981 229,24 j 3,661, 113 7,880,19 4 272,109 3, 717,3^5 7,645,393 11,934,565 270,324 999,872 75,607 11,877,529 273,241 1,030,296 76,816 11,770,550 274,746 1,058,263 88,4?5 11,634,927 253,169 1,06C,336 113,456 783,613 96,681 2,222,912 794,273 101,765 2,220,483 871,699 80,621 2,139,773 #942,713 117,094 2,186,035 16,383,574 1,409,988 l6,374,403 1,419,223 16,284,277 1,367,827 16,337,730 1,403,014 279,175 280,301 286,663 284,678 11,174,184 4,194,062 124,644 11,167,428 4,183,680 124,094 10,963,233 4,009,236 109,556 11,385,154 3,855,553 100,275 118,206 143,591 162,621 134,831 296,770 260,271 24 7,49 6 124,112 1,6 1,8 3*4 *Revised f i g u r e s , #Includes Victory notes, 2,3 rial eased 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 14, 1924; n o t e a r l i e r . S t . 39 74 b. PRINCIPAL RESOURCE AND LIABILITY ITEMS OF ALL REPORTING MEMBER BANKS IN EACH FEDERAL RESERVE DISTRICT AS AT CLOSE OF BUS I MESS, MAR. 5, 1924 ( I n thousands 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 New York P h i l a . 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. T o t a l Number of r e p o r t i n g banks 43 110 55 79 ?6 37 104 35 26 73 52 6g 75s Lo«$ns and d i s c o u n t s , g r o s s : Secured by U.S.Govt, oblig. 12,501 73,457 12,325 Secured s t o c k s & bonds 2 3 0 , 6 9 1 1,592,293 2 6 7 , 5 0 7 All Other l o a n s & d i s c o u n t s 6l2,4oi 2,579,^51 3^5,297 Total loans and discounts U. s . Pre-war bonds U. S, L i b e r t y bonds U. S. Treasury bonds u, s . T r e a s u r y n o t e s U. S. C e r t i f i c a t e s of indebtedness Other bonds, s t o c k s and securities 24,033 8,767 4o6,712 126,192 694,250 326,889 8,838 35,1)0 9,557 3,798 6,341 599,303 1 4 5 , 3 0 7 43,50s 57,121 351,682 1,137,399 311,356 193,013 322,751 66,499 3,208 15,732 192,379 3,820,369 211,257 814,763 7,900.509 855,593 4,245,201 625,129 1,124,995 46l,g45 427,019 1,771,832 466,220 240,319 4l6,213 277,322 1,022,874 12,848 49,720 10,679 48,275 28,972 l 4 , 7 6 l 23,767 14,981 9,081 11,853 20,005 25,362 80,960 445,800 45,233 109,9^3 27,030 14,622 100,389 22,851 14,409 37,759 12,563 88,313 4,563 22,509 2,766 5,397 2,2&9 1,879 12,392 6,195 780 3,368 1,355 12,134 21,068 4 1 7 , 4 6 2 4o,508 55,118 13,527 6,312 117,003 1 6 , 4 9 9 2 9 , 2 2 3 l 4 , 6 g s 15,357 36,848 270,324 999,872 75,607 783,613 6,201 1,944 1,813 23,050 6,947 1,462 3,109 7,189 12,791 96,68! 786,839 184,948 309,814 52,357 39,396 337,499 68,730 25,186 55,296 14,654 159,434 2,222,912 T o t a l l o a n s and d i s c o u n t s and i n v e s t m e n t s 1,148,561 5,989,674 914,505 1,659,743 587,947 505,802 2,365,952 622,423 320,480 542,286 348,445 1,357,756 16,353,574 33,903 216,943 95,239 1,409,982 21,975 279,175 Cash in vault Net demand deposits Time d e p o s i t s Government deposits 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. Bank: Secured by U.S. Govt, o b l i g . All other C. 168,759 83,096 22,143 11,934,565 5,242 Reserve b a l a n c e w i t h F.R.Blc. 4,770 213,687 62,857 632,792 69,36b 79,516 14,819 796,600 4,790,083 662,730 284,264 905,389 130,366 12,184 36,9^3 9,911 19,370 5,701 6,387 43,175 13, 2 3 g 10,551 4,097 104,525 38,332 38,75 7 24,764 46,278 25,993 53,753 7,101 5,765 12,142 9 , 7 3 0 898,401 330,930 282,038 1,505,480 350,564 209,l6l 406,952 235,176 624,395 l60,328 178,262 807,539 199,974 8 3 , 6 2 8 1 3 2 , 4 1 5 9 0 , 0 1 3 17,042 4,112 6,952 12,831 4,186 1,014 l,46l 5,316 29,454 7,022 10,288 13,059 12,491 12,714 6,326 22,531 16,930 17,230 3,691 14,453 14,349 2,115 986 867 10,444 685 3,802 706,049 11,174,164 597,489 4 , 1 9 4 , 0 6 2 12,692 124,644 8,129 26,086 118,206 143,591 St. 3974c Released for publication Friday afternoon, March l4, 1924; not e a r l i e r . - - . PRINCIPAL RESOURCE AND LIABILITY I TIMS OF REPORTING MEMBER BANKS IN F, R. BANK AND BRANCH CITIES AND IN OTHER SELECTED CITIES New York City Mar. 5 Eeb. 27 67 67 Number of reporting banks Loans and discounts, gross: 66,215 83,741 Secured by U. S, Govt, oblig. Secured by specks and bonds 1,396,977 1,384,954 2,265,011 2,216,620 All other loans and discounts 3 , 7 2 8 , 2 0 3 3,685,315 Total loans and discounts 38,666 37,946 U, S. Pre-war bonds 381,962 412,508 U. S. Liberty bonds 15,156 15,162 U. S. Treasury bonds 389,185 400,197 U. S, Treasury notes U. S. C e r t i f i c a t e s of indebtedness 20,330 22,993 Other bonds, stocks, and s e c u r i t i e s 571,043 565,105 City of Chicago Mar. 5 Feb. 27 48 48 25,866 442,321 648,089 24,700 438,868 43,177 5,065 77,745 15,569 649,605 1,113,173 4,161 42,468 5,092 78,066 14,058 160,745 160,247 1,116,276 4,198 All F. R. Bank c i t i e s Mar. 5 Feb. 27 255 255 F. R. Branch c i t i e s Mar. 5 Feb. 27 202 202 Other selected c i t i e s Mar. 5 Feb. 27* 302 301 35,456 35,027 39,133 38,829 153,592 532,116 523,393 631,354 642,593 2,639,114 4,851,565 1,634,484 1,620,881 1,369,873 1,372,535 7,644,271 2,304,971 2,302,303 1,937,445 1,930,955 107,152 106,562 75,144 75,158 90,931 167,769 167,982 236,615 625,912 234,398 18,847 18,106 19,397 18,079 39,340 67,421 68,240 135, 2 0 2 135,980 591,650 579,393 10,604 11,047 64,604 62,656 26,557 22,978 442,450 445,069 602,I85 605,505 1,174,957 1,173,229 139,098 2,656,899 4,896,152 7,692,149 88,618 597,492 38,654 Total loans and discounts 5,144,545 5,139,226 1,422,775 1,417,285 10,233,919 10,229,937 3,397,082 3,396,099 2,752,573 2,748,367 and investments 167,260 240,128 243,413 167,333 584,446 615,867 137,298 1 , 0 0 2 , 5 2 1 1,008,550 150,725 Reserve balance with F. R. Bank 78,281 61,234 141,328 62,173 64,902 66,784 138,721 27,9bl 77,739 27,385 Cash in vault 4,297,647 4,300,319 1 , 0 1 5 , 1 8 5 997,819 7,599,243 7 , 5 9 0 , 7 1 2 1,922,289 1 , 9 2 3 , 3 0 0 1,652,652 1 , 6 5 3 , 4 1 6 Net demand deposits 898,124 8 9 4 , 734 607,829 604,789 Time deposits 372,933 372,318 2,025,924 2 , 0 2 7 , 6 2 4 1,270,014 1 , 2 6 1 , 3 2 2 6,241 80,172 34,190 6,241 9,732 35,015 9,732 79,897 Government deposits 33,974 33,974 B i l l s payable and rediscounts with P. R. Bank: 20,701 800 48,340 23.209 58,087 91,072 39,418 67,825 Secured by U.S.Govt, obligations 27,175 5,274 43,111 601 39.210 35,660 67,941 All other 59,961 3,914 3,502 32,539 909 Ratio of b i l l s payable and rediscounts with F. R, Bank to t o t a l loans and investments, per cent C. .7 1.4 .4 1,2 1.5 ^Revised finjures« 2.1 2.5 2-3 2-3
@FedFRASER