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STATEMENT FOP. 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. 2 0 ; not e a r l i e r . S t . 4470 F e d e r a l Reserve Board, March 19, 1925* CONDITION OF MEMBER BAMS IN LEADING CITIES I n c r e a s e s of $ 4 0 , 0 0 0 , 0 0 0 i n l o a n s and i n v e s t m e n t s , of $ 4 0 , 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 $ 1 3 4 , 0 0 0 , 0 0 0 i n n e t demand d e p o s i t s a r e shown i n t h e F e d e r a l R e s e r v e B o a r d ' s w e e k l y 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 11 of 738 member banks i n l e a d i n g c i t i e s . T o t a l l o a n s and d i s c o u n t s show an i n c r e a s e of $ 2 , 0 0 0 , 0 0 0 , r e d u c t i o n s of • $ 1 2 , 0 0 0 , 0 0 0 i n l e a n s en United. S t a t e s Government s e c u r i t i e s a n d of $ 8 , 0 0 0 , 0 0 0 i n l o a n s on c o r p o r a t e s e c u r i t i e s b e i n g more t h a n o f f s e t by a n i n c r e a s e of $ 2 2 , 0 0 0 , 0 0 0 i n " A l l o t h e r , " l a r g e l y c o m m e r c i a l , l e a n s and d i s c o u n t s . H o l d i n g s of 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 went up $ 2 8 , 0 0 0 , 0 0 0 and $ 1 2 , 0 0 0 , 0 0 0 , r e s p e c t i v e l y , w h i l e h o l d i n g s of T r e a s u r y n o t e s w e r e r e d u c e d by $2,000,000. Member b a n k s i n New Y o r k C i t y r e p o r t d e c r e a s e s of $ 6 , 0 0 0 , 0 0 0 i n l o a n s on United. S t a t e s Government s e c u r i t i e s and. of $ 5 0 , 0 0 0 , 0 0 0 i n l o a n s cn c o r p o r a t e s e c u rities. T h e i r h o l d i n g s of U n i t e d S t a t e s s e c u r i t i e s w e r e i n c r e a s e d by $ 2 0 , 0 0 0 , 0 0 0 , and t h e i r h o l d i n g s of c o r p o r a t e s e c u r i t i e s by $ 1 6 , 0 0 0 , 0 0 0 . Of t h e i n c r e a s e of $ 1 3 4 , 0 0 0 , 0 0 0 i n n e t demand d e p o s i t s $ 3 1 , 0 0 0 , 0 0 0 was i n t h e C h i c a g o d i s t r i c t , $ 2 9 , 0 0 0 , 0 0 0 i n t h e Mew York d i s t r i c t , $ 2 2 , 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 , and $ 1 0 , 0 0 0 , 0 0 0 and $ 9 , 0 0 0 , 0 0 0 , r e s p e c t i v e l y , i n t h e B o s t o n and Philadelphia d i s t r i c t s . Time d e p o s i t s went u p $ 9 , 0 0 0 , 0 0 0 , a n i n c r e a s 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 and cf $ 5 , 0 0 0 , 0 0 0 i n t h e C h i c a g o d i s t r i c t b e i n g p a r t l y o f f s e t by a d e c l i n e of $ 1 3 , 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 . R e s e r v e b a l a n c e s of a l l r e p o r t i n g banks w e r e i n c r e a s e d by $ 4 0 , 0 0 0 , 0 0 0 and cael i n v a u l t ty $ 8 , 0 0 0 , 0 0 0 . The New Ycrk C i t y members r e p o r t i n c r e a s e s of $ 3 4 , 0 0 0 , 0 0 0 i n r e s e r v e b a l a n c e s and cf $ 2 , 0 0 0 , 0 0 0 i n c a s h . B o r r o w i n g s cf a l l r e p o r t i n g i n s t i t u t i o n s f r o m t h e ^ s r a l r e s a r / e b^n.zs v-ere i n c r e a s e d by ? l 4 , 0 0 0 , 0 0 0 and l i k e b o r r o w i n g s of t h e New Ycrk C i t y b a n k s by $15,000,000. , 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 cf r e p o r t i n g members d u r i n g t h e w e e k a n d t h e y e a r e n d i n g March 11, 1925> f e l l o w s : Increase or decrease during Year Week Loans and d i s c o u n t s , t o t a l S e c u r e d by U . S . G o v ' t , o b l i g a t i o n s S e c u r e d by s t o c k s and bonds . . . All o t h e r + $2,000,000 - 12,000,000 - 8,000,000 + 22,000,000 + $1,248,000,000 13,000,000 934,000,000 + + 327,000,000 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 e n d s , s t o c k s and s e c u r i t i e s + 33,000,000 + 902,600,000 + 555,000,000 265,000,000 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 . . . . • + 40,000,000 + 8,000,000 N e t 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 T a t a l a c c o m m o d a t i o n a t F . R. Banks . . - 2,000,000 + 28,000,000 + 12,000,000 - + 11,000.000 + 601,000,000 4- 221,000,000 + 11,000,000 + 134,000,000 + 9,000,000 + 1,710,000,000 + 763,000,00^ + * 10,000,000 14,000,000 12,000,000 F 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 20, 1 9 2 5 ; n o t e a r l i e r . * S t . 4470a PRINCIPAL RESOURCES AND LIABILITIES OF REPORTING MEMBER BANKS IN LEADING CITIES (in thousands of dollars) A l l r e p o r t i n g member b a n k s 1925 Mar. 4 1925 Mar. 12 1924 738 739 757 67 72,187 1,932,836 77,882 1,982,463 2,267,768 Mar. 11 Number of reporting banks Loans and discounts, gross: Secured by U.S.Gov't, obligations Secured by stocks and bands - - All other loans and discounts - - R e p o r t i n g member "banks i n New York C i t y Mar. 1 1 Mar. % Mar. 1 2 1924 1925 1925 R e p o r t i n g member b a n k s i n Chicago MarT 4 Mar. 11 Mar. 12 1924 1925 1925 67 46 2,268,162 64,744 1,418,966 2,277,608 542,490 690,242 67 194,758 4,785,495 8,265,379 206,242 4,793,880 8,243,173 207,499 3,851,638 7,938,284 Total loans and discounts - - Investments: U. 8. 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 bon^s, stocks and s e c u r i t i e s Total investments - - - - - - - 13,245,632 13,243,295 11,997,421 4,272,791 4,325,507 3,761,318 218,360 270,604 1,031,714 73,837 778,717 100,797 39,310 407,569 14,229 381,694 25,4i4 561,623 1,429,739 1,937 82,149 26,953 69,167 7,006 198,817 Total loans and investments Reserve balances with -E. R. Banks - , Cash in vault - - - - - - - - - - - Net demand deposits - - - - - - - Time deposits - - - - - - - - - - Government deposits - - - - - - - - 18,619,559 18,579,320 16,468,918 1,666,317 1,626,637 1,445,094 289,451 281,644 278,616 13,057,942 12,924,095 11,347,579 4,954,192 4 , 9 4 5 , 0 3 s 4,191,105 113,118 124,659 113,391 27,068 27,147 528,071 527,397 135,705 133,978 222,109 217,530 25,802 54,031 807,841 792,218 1,767,924 1,731,973 6,040,715 6,060,480 702,776 737,116 64,368 66,338 5,125,828 5,103,839 781,061 765,505 16,279 16,279 5,191,057 619,709 63,991 4,370,625 608,389 33,974 36,141 98,450 34,696 148,641 133,146 218,432 1,358,320 353,964 513,801 112,287 2,817,073 5,373,927 1,363,203 349,100 515,939 84,029 2,805,394 5,336,025 2,215,828 4,471,497 B i l l s payable & red i s . with E.R.Banks: Secured by U.S.Govt, obligations All other 184,071 84,539 171,271 83,543 120,126 Total borrowings from E . R . B a n k s 268,610 254,814 258,259 138,133 112,500 22,696 46 48 23,740 25,610 446,513 515,868 697,521 652,029 1,255,428 1,237,129 1,124,152 1,938 81,083 4,193 26,347 67,052 6,918 200,277 43,949 5,093 81,275 14,202 159,894 1,641,457 155,447 26,970 1,161,534 459,647 14,343 383,615 1,620,744 158,145 26,045 1,141,291 454,809 14,343 1,432,753 149,648 27,923 1,022,434 371,453 6,191 41,375 11,499 1,618 710 718 1,600 4,174 2,342 52,874 2,328 2,318 6,516 386,029 308,611 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 , March 20, 1 9 2 5 ; n o t e a r l i e r . S t . 4470b Frli'jC 1PAL RESOURCES AND LIABILITIES OF ALL REPORTING- MEMBER BANKS IN EACH FEDERAL RESERVE DISTRICT AS AT CLOSE OF BUSINESS, MARCH 11, 1925- F e d e r a l Reserve D i s t r i c t Boston New York Number of r e p o r t i n g banks 42 108 Loans and d i s c o u n t s , g r o s s : Secured by U.S.Govt, o b l i g . 8,515 77,019 Secured by stocks & bonds' 298,492 2,169,989 All o t h e r l o a n s & d i s c o u n t s 6o0,477 2,570,241 Total l o a n s and d i s c o u n t s 967,484 4,817,249 Investments: T J« S. Pre-war bonds 10,208 37,874 u. s . L i b e r t y bonds 77,604 623,179 u.. s . Treasury bonds 19,973 l47,g4i 235,456 u . s . Treasury n o t e s 7,356 U. S. Treasury c e r t i f i c a t e s 2,878 55,937 Other bonds, s t o c k s and securities 191,720 1,077,389 T o t a l investments 309,739 2,177,676 Phila. 55 11,686 318,127 366,3^4 (in thousands of d o l l a r s ) CIeve. Rich. Atlanta 76 73 36 Chicago S t . L o u i s 100 33 Minn. Kans.Cy. D a l l a s San Fran. 25 71 49 70 20,402 6,922 7,388 31,225 11,530 2,794 4,104 3,334 433,775 127,237 75,566 722,641 180,278 61,036 104,795 75,759 743,146 350,499 382,563 1,212,871 325,123 204,891 345,081 237,825 9,839 217,800 866,318 Total J}g 194,758 4,785,495 8,265,379 696,157 1,197,323 484,658 465,517 1,966,737 516,931 268,721 453,950 316,918 1,093,957 13,245,632 9,568 50,628 15,775 19,478 6,220 31,502 160,046 30,204 56,295 7,116 25,192 36,802 5,547 2,039 34l 14,855 7,647 2,966 3,323 1,084 17,606 166,967 49,253 96,569 12,433 13,257 28,824 8,145 12,999 637 261,773 347,408 61,527 41,946 415,250 100,834 363,442 632,571 131,44# 71,821 7,146 27,057 9,952 17,989 5,710 9,333 42,85b 14,704 22,907 2,820 17,489 16,591 6,484 9,215 1,915 38,293 73,255 758,078 164,696 106,147 165,875 19,931 71,625 24,452 43,120 30,175 15,196 218,482 1,358,320 353,964 513,801 112,287 187,747 420,809 2,817,073 5,373,927 120,119 T o t a l loans & investments 1,277,223 6,994,925 1,059,599 1,829,894 6l6,106 537,338 2,724,815 681,627 374,868 619,855 388,543 1,514,766 18,619,559 Reserve balances with F.R.Bk. 93,895 793,248 77,680 124,915 38,582 37,700 228,028 46,693 29,344 53,877 32,408 109,947 1,666,317 Cash in v a u l t 21,709 81,627 16,300 30,598 14,3^9 11,223 53,774 7,588 6,015 12,591 11,575 22,062 229,451 Net demand d e p o s i t s 868,295 5,674,772 763,905 1,006,361 370,132 325,102 1 , 7 6 4 , 2 9 0 427,183 254,686 505,412 295,662 802,142 13,057-942 Tine d e p o s i t s 348,558 1,136,559 175,055 715,120 188,167 194,516 934,486 205,785 107,494 137,444 94,540 716,468 4 , 9 5 4 , 1 9 2 Government dap03 i t s 22,516 25,096 10,522 11,439 2,130 2,676 21,000 6,469 1,602 657 1,648 7,363 113,118 B i l l s payable 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 . 3,465 130,074 5,650 27,105 2,586 827 3,372 17 25 10,950 184,071 All o t h e r 8,417 37,356 5,477 7,378 8,618 5,98$ 4,425 673 351 66 1,245 4,549 84,539 BANKERS' BALANCES OF REPORTING MEMBER BANKS IN FEDERAL RESERVE BANK CITIES Due t o banks Due from banks 131,017 1,132,050 34,902 108,409 183,745 59,476 53,51% 22,353 38,075 15,774 21,985 17,644 426,147 177,64i 99,583 29,877 67,544 124,186 18,916 55,144 44,573 35,218 105,546 62,023 2,427,965 637,377
@FedFRASER