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STATEMENT FOB THE PRESS S t . 3969 Federal Reserve Board, March 20, 1$24. Released f o r p u b l i c a t i o n Friday a f t e r n o o n , Mar. 21; not e a r l i e r . CONDITIO# OF MEMBER BANKS IN LEADING CITIES Aggregate i n c r e a s e s of $85,000,000 i n loans and investments and of $ 1 7 3 , ^ 0 , 0 0 0 i n net demand d e p o s i t s a r e shown i n the Federal Reserve Board 1 s weekly consolidated, statement of c o n d i t i o n on Mar. 12 of 757 member banks in l e a d i n g c i t i e s . Total loans and. d i s c o u n t s increased by $63,000,000; loans on c o r p o r a t e stocks and bonds increased by $31,000,000 and " 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 increased by $38,000,000, while loans on U. S. Government s e c u r i t i e s decreased by $6,000,000. Investments show an i n c r e a s e of $22,000,000, an i n c r e a s e of $29,000,000 in holdings of U. S. s e c u r i t i e s being p a r t l y o f f s e t by a decrease of $7,000,000 in holdings of c o r porate s e c u r i t i e s . ftfember banks i n New York City r e p o r t an i n c r e a s e of $33,000,000 in loans and d i s c o u n t s , i n c r e a s e s of $22,000,000 in loans on c o r p o r a t e stocks and bonds and of $13,000,000 i n " a l l o t h e r " loans and d i s c o u n t s t o g e t h e r w i t h a decrease of $2,000,000 in loans on U. S, Government s e c u r i t i e s . Investments of t h e s e banks in U. S. Government s e c u r i t i e s shew an i n c r e a s e of $23,000,000 while holdings of other bonds, s t o c k s and s e c u r i t i e s declined ty $9,000,000. Of t h e t o t a l i n c r e a s e of $173,000,000 in n e t demand, d e p o s i t s , $85,000,000 was reported f o r t h e New York d i s t r i c t , $30,000,000 - f o r t h e San F r a n c i s c o d i s t r i c t and $26,000,000 f o r the Chicago d i s t r i c t . Time d e p o s i t s show a d e c l i n e of $3,000,000 f o r a l l r e p o r t i n g banks and a nominal i n c r e a s e f o r t h e New York City Banks. Government d e p o s i t s show p r a c t i c a l l y no change. Reserve balances show an i n c r e a s e of $35,000,000 f o r a l l r e p o r t i n g members. l i k e i n c r e a s e i s shown f o r t h e :,Tew York City members. Cash i n v a u l t shows but a slight reduction. A 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 Reserve Banks declined from $262,000,000 t o $258,000,000, while borrowings of t h e Hew York City banks from the l o c a l r e s e r v e bank increased from $36,000,000 t o $53,000,000. A summary of changes 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 during t h e week and the y e a r ending March!12, 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 r 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 1zy 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. Treasury notes S. C e r t i f i c a t e s of indebtedness t h e r bonds, s t o c k s and s e c u r i t i e s + + + + Reserve balances 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 + T o t a l a c c o m o d a t i o n a t P. R. Bank, Year $63,000,000 6,000,000 31,000,000 35,000,000 + $275,000,000 62,000,000 + 141,000,000 + 196,000,000 22,000,000 183,000,000 30,000,000 5,000,000 4,000,000 7,000,000 80,000,000 156,000,000 1,000,000 54,000,000 35,000,000 1,000,000 + - 10,000,000 173,000,000 3,000,000 + + 116,000,000 300,000,000 16,000,000 4,000,000 - 1U7,000,000 2,000,000 TP ReleaStid f o r p u b l i c a t i o n Friday a f t e r n o o n , Mardh 21, 1924; not e a r l i e r . S t . 3989a. PRINCIPAL RESOURCE AND LIABILITY ITEMS OF REPORTING MEMBER BANKS IN LEADING CITIES • ; i ; (In thousands of d o l l a r s ) Mar. 12, 1924 Number of r e p o r t i n g banks - - - - - - - - - - - - - - - - - - - - - - - - 757 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 - - _ _ _ _ _ _ _ _ _ _ _ _ 207,499 Secured by stocks and bonds ( o t h e r than U. S. s e c u r i t i e s ) - 3,851,638 All other loan a and d i s c o u n t s 7,338,284 Total loans and d i s c o u n t s U, S. Pre-war bonds - U. S. L i b e r t y bonds U. S. Treasury bonds U. S. Treasury 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 Total loans and d i s c o u n t s and investments Reserve balance with Federal r e s e r v e 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 payable and r e d i s c o u n t s with Federal Reserve Banks: Secured by U. S, Government o b l i g a t i o n s All Other R a t i o of b i l l s payable and r e d i s c o u n t s with Federal Reserve Banks t o t o t a l loans and investments, per cent _ _ _ _ _ _ _ _ _ _ _ c Mar. 5, 1924 7Rg S e p t . 12, 1923 770 213,bB7 3,820 , 369 7,900,509 231,783 3,660,242 7,948,210 269,408 3,711,365 7,742,123 11,997,421 11,9)4,565 11,840,235 11,722,896 270,604 2 70,324 274,707 282,871 1,0)1,714 73,837 778 , 7 1 7 999,872 75,607 783,613 1,059,181 88,034 £59,616 1,061,544 112,252 *934,964 100,797 96,68! 80,501 99,766 2,215,828 2,222,912 2,146,444 2,162,169 16,468,918 16,383,574 16,348,718 16,376,462 1,445,094 1,409,988 1,379,717 1,443,401 278,6l6 11,3^7,579 279,175 11,174,184 292,752 11,082,167 288,588 11,463,614 4,191,105 124,659 4,194,062 124,644 4,Co4,6lO 98,238 3,891,274 108,817 120,126 138^133 118 206 143,'591 288,191 268*832 273,879 131^55 -^5 ^,4 2.5 ^Includes Mar. l 4 , 1923 777 V i c t o r y notes • 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 , Marc a 21, 1924; not e a r l i e r . ^ 39 9 PRINCIPAL RESOURCE AND LIABILITY ITEMS OF ALL REPORTING MEMBER BANKS IN EACH FEDERAL RESERVE DISTRICT AS AT CLOSE OF BUSINESS, MAR. 12, 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 e u i s Minn. Kans.Cy. D a l l a s San Fran. Total Number of reporting banks *3 UO 55 79 76 37 W* 35 =* 73 52 67 757 llignil;itMSI mismMMISM&MM T o t a l loans and discounts U. S. Pre-war bonds U. S, L i b e r t y bonds U. S. Treasury bonds U. S. Treasury n o t e s U, S. C e r t i f i c a t e s of Indebtedness 420,122 275,405 1,016,297 11,997,421 858,464 4,280,419 630,862 1,127,085 465,145 426,186 1,783,934 467,469 246,033 270,604 25,362 23,788 14,981 9,081 11,829 19,466 48,302 29,162 14,741 50,264 10,679 12,9%9 93,983 1,031,714 101,179 22,689 14,725 37,694 12,595 109,860 26,920 14,631 471,450 45,133 80,855 73,837 12.315 1,439 2,823 780 6-, 221 12,560 1,437 2,169 5,217 21,607 2,703 4,566 778 , 7 1 7 37,827 120,781 17,183 29,572 15,337 14,864 6,356 55,066 11,713 409,966 39,173 20,879 4,470 Other bonds, s t o c k s and securities 168,703 T ot al loans and d i s c o u n t s and investments Reserve balance w i t h F.R.Bk. 6,160 2,103 2,802 21,91s 6,866 1,482 2,316 7,152 14,325 100,797 777.582 187.334 308,604 52,217 39,285 337,519 89,203 24,365 55,936 14,064 160,996 2,215,828 546,057 344,985 1,361,105 16,468,918 ,150,886 6,038,515 919,860 1 ,660,294 589,429 505,438 2,401,679 624,612 326,058 99,471 1,445,094 212,802 42,288 21,836 43,410 24,541 108,878 35,960 33,553 82,083 671,040 69,232 18,974 Cash i n vault 3,976 27,227 78,208 14,579 800,153 4,874,802 671,636 284,290 906,337 129,972 12,183 36,943 9 , 9 H 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 30,034 13,218 11,401 54,042 7,299 5,906 12,603 10,151 896,261 333,948 286,397 1,531,152 355,584 216,556 411,937 233,321 8 0 M 5 3 201,768 83,778 131,635 90,457 626,705 161,097 177,274 l,46i 5,319 1,220 4,186 12,781 6,953 17,042 3,968 B i l l s payable and r e d i s c o u n t s i r £ r ^ ° v t - 0 W i E - l-M %"<& 2 ; $ 2?:s7fe ^ $ I'M 3.3* 22,201 278,616 735,832 11,347,579 590,639 4,191,105 124,659 12,692 St Released for publication Friday afternoon, March 21, 1924; not earlier. - 3929c. PRINCIPAL RESOURCE AND LIABILITY ITEMS OF REPORTING MEMBER BANKS IN F. R. BAr^K AND BRANCH CITIES AND IN OTHER SELECTED CITIES Number of reporting banks New York City Mar. 12 Mar. 5 67 67 1 (In thousands of dollars) All F. R. City of Chicago Bank c i t i e s Mar. 12 Mar. 5 Mar. 12 Mar. 5 48 Us 255 255 % L L G S ' b £ d s i 8 a t l a , s 1,4^:966 i , 3 p ; 9 7 7 Total loans and discounts U. S. Pre-war bonds U. S. U. S. U. S. U. S. Other Reserve balance with F. R. Bank zM'm 3,761,31s 3,728,203 1,124,152 1,116,276 4,198 4,198 38,66b 39,210 7,730,772 89,264 43,177 5,0b5 77,745 15,569 160,745 628,308 407,569 14,229 351,694 25,414 561.623 Liberty bonds Treasury bonds Treasury notes Certificates of indebtedness bonds, stocks, and securities Total loans and discounts and investments upilli 381,962 15,156 389,185 20,330 571,043 43,949 5,093 81,275 14,202 159,894 37,740 576,423 64,806 1,169,080 e|:?|, Other selected c i t i e s Mar. 12 Mar. 5 301 301 m M , , 7,692,149 2,313,997 2,304,971 1,952,652 1,937,445 106,494 106,562 74,846 75,144 88,618 597,492 38,654 579,393 62,656 1,174,957 235,739 17,559 133,429 24,971 602,932 234,398 18,106 135,980 22,978 605,505 167,667 18,538 68,865 11,020 443,816 167,982 18,847 68,240 11,047 442,450 5,191,057 5,144,545 1,432,763 1,422,775 10,296,393 10,233,919 3,403,473 3,397,082 2,769,052 2,752,573 240,128 238,060 167,723 167,339 584,446 149,648 150,725 1,039,311 1,002,521 619,709 78,281 61,565 62,173 78,697 138,721 138,354 64,902 27,385 27,923 63,991 4,370,625 4,297,647 1,022,434 1,015,185 7,712,677 7,599,243 1,950,490 1,922,289 1,684,412 1,652,652 898,124 894,361 607,829 608,389 371,453 372,933 2,028,901 2,025,924 1,267,843 1,270,014 6,241 80,152 9,492 35,015 35,015 9,732 6,191 79,897 33,974 33,974 Cash in vault Net demand deposits Time deposits Government deposits B i l l s payable and rediscounts with F. R. Bank: Secured by U. S. Govt. obligations All other 4l,375 11,499 27,175 8,914 4,174 2,342 5,274 909 64,522 65,47s 58,087 67,941 Ratio of b i l l s payable and rediscounts with F. R. Bank to total loans and investments, per cent 1.0 .7 .5 ,4 1.3 1.2 F. R« Branch c i t i e s Mar.- 12 Mar. 5 201 202 35,596 29,374 1.9 39,418 32,539 20,008 43,281 20,701 43, H I 2.1 2.3 2-3
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