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STATEMENT FOE THE PEESS For immediate r e l e a s e s t . 6135 Federal Reserve Board, March 25, 1929. CONDITION OF WEEKLY REPORTING- MEMBER BANKS IN LEADING CITIES The Federal Reserve Board's condition statement of weekly r e p o r t i n g member banks in 101 leading c i t i e s oil March 20 shows increases f o r the week of $122,000,000 i n loans, of $75<000,000 in investments and of $299,000,000 in Government d e p o s i t s , and decreases of $117,000,000 in net demand d e p o s i t s , of $50,000,000 in time d e p o s i t s and of $5,000,000 in borrowings from Federal reserve hanks. Loans on s e c u r i t i e s increased $131,000,000 at a l l r e p o r t i n g "banks, $91,000,000 in the New York d i s t r i c t , $27,000,000 in the Chicago d i s t r i c t , $11,000,000 in the Cleveland d i s t r i c t , $7,000,000 in the P h i l a d e l p h i a d i s t r i c t and $6,000,000 in the.^gston d i s t r i c t . "All other" loans increased $17,000,000 a t r e porting "banks in/New York d i s t r i c t , and declined $26,000,000 in the Chicago d i s t r i c t and $8,000,000 a t a l l r e p o r t i n g "banks. Holdings of U. S. Government s e c u r i t i e s , largely i n connection with the Treasury's q u a r t e r l y f i n a n c i a l operations, increased $38,000,000 a t r e p o r t i n g "banks in the New York d i s t r i c t , $19,000,000 i n the Chicago d i s t r i c t , $9,000,000 in the Cleveland'".district, $6,000,000 i n the Dallas d i s t r i c t and $77,000,000 a t a l l reporting hanks. Holdings of other s e c u r i t i e s increased *7,000,000 a t reporting banks in the Boston d i s t r i c t and declined $2,000,000 a t a l l r e p o r t i n g banks. Met demand d e p o s i t s , which a t a l l r e p o r t i n g "banks were $117,000,000 "below the March 13 t o t a l , declined in a l l d i s t r i c t s except New York, which shows an increase of $36,000,000, the p r i n c i p a l decreases by d i s t r i c t s "being: Boston $36,000,000, Philadelphia $23,000,000, Kansas City $16,000,000, Cleveland and St. Louis $15,000,000 each, A t l a n t a $l4,000,000 and Richmond $11,000,000. Time d e p o s i t s declined $23,-000,000 a t r e p o r t i n g banks in the Chicago d i s t r i c t , $13,000,000 in the San Francisco d i s t r i c t , $9,000,000 in the New York d i s t r i c t and $50,000,000 a t a l l r e p o r t i n g "banks. All d i s t r i c t s p a r t i c i p a t e d i n the i n c r e a s e of $299,000,000 in Government d e p o s i t s . The p r i n c i p a l comprise i n c r e a s e s St. Louis d i s t r i c t $16,000,000 i n the changes in borrowings from Federal reserve "banks f o r the week of $24,000,000 i n the Chicago d i s t r i c t and $7,000,000 in the and decreases of $25,000,000 in the San Francisco d i s t r i c t , New York d i s t r i c t and $6,000,000 in the Dallas d i s t r i c t . A summary of 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 weekly r e p o r t i n g member "banks, together with changcs during tile week and the year ending March 20, 1929, follows: (In m i l l i o n s of d o l l a r s ) Increase or decrease since Mar. 20.1929 Mar. 13.192A Mar. 21.1928 +1,026 *+ 199 22,581 Loans and investments - t o t a l 16,552 *+ 122 +1,202 On s e c u r i t i e s All other Investments - t o t a l 7,642 8,910 6,028 + 131 *g +1,097 + 105 177 U, S. Government s e c u r i t i e s Other s e c u r i t i e s Reserve with ? . R. Banks Cash in v a u l t 3,113 2,915 1,715 235 + 77 2 - 11 - 10 13,281 6,805 305 - 117 - 50 + 299 1,179 2,831 + 30 - i4 Loans - t o t a l i * Net demand d e p o s i t s Time deposits Government deposits Due from "banks Duo to "banks Borrowings from F. R. Banks C. 711 + 75 83 260 + 14 7 + + 150 4- + 10 371 + 358 5 •March 13 f i g u r e s r e v i s e d . Federal Reserve Board March 21, 1929. For immediate r e l e a s e CCE Dili OH 07 T7E3SKLY REPORTING llEMBER BANKS IN CENTRAL RESERVE CITIES ( i n m i l l i o n s of d o l l a r s ) Mar. 20 Mar. 13 Mar. 21 1929 1929 1928 HEVf YORK 6,880 7,209 7,3%0 Loans and investments - t o t a l Loans - t o t a l On s e c u r i t i e s All other Investments - t o t a l U. S. Government s e c u r i t i e s Other s e c u r i t i e s 5,348 4,981. 2,833 2,bl6 2,749 2,599 2,395 2,585 1,892 1,860 1,900 1,122 110 1,089 772 1,085 814 56 717 50 5,290 1,160 129 2 5,360 1,084 85 124 898 86 889 121 1,054 ' 126 139 44 1,091 1.768 2,934 5,793 i,oo4 1,761 2,862 5,627 1,027 1,467 1,285 3,779 5,l%9 47s 2,884 894 ?44 53 Reserve with F. R. Bank Cash in v a u l t Net demand d e p o s i t s Time deposits Government deposits Due from banks Due to hanks Borrowings firom F. R. Bank Loans For For For 5.449 on s e c u r i t i e s to brokers and d e a l e r s : own account account of out-of-town banks account of o t h e r s Total On demand On time ? CHICAGO Loans and investments - t o t a l 2,142 2,l4o 1,982 Loans - t o t a l 1,678 1,693 1,479 972 706 464 959 734 815 664 447 503 206 258 189 258 229 274 On s e c u r i t i e s All other Investments - t o t a l U. S. Government s e c u r i t i e s Other s e c u r i t i e s 176 16 Reserve with F. R. Bank Cash i n v a u l t x 2 1,255 6 55 33 1,258 679 Due from banks Due to banks 170 369 165 330 Borrowings from F. R. Bank l46 . 130 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 . 178 17 1,242 669 22 * 152 367 38 ( S t . 6135a) C. For immediate r e l e a s e s t . 6135b PRINCIPAL RESOURCES AMD LIABILITIES OF TEEICLY REPORTING MEMBER BANKS IN EACH FEDERAL RESERVE DISTRICT ON MARCH 20, 1929 ( i n m i l l i o n s of d o l l a r s ) f Total Boston Federal New York F h i l a . Cleve. Rich. Reserve Atlanta Chi ca&o St.Louis District Kans. Dallas Minn. City San Fran. Loans and i n v e s t m e n t s - t o t a l 22,581 1,516 8,589 1,247 2,220 680 648 3,437 722 389 687 497 1,949 Loans - t o t a l 16,552 1,121 6,375 916 1,529 521 511 2,674 528 262 44g 360 1,306 7,642 8,910 469 652 3,271 3.104 513 4o3 714 816 201 320 154 356 1,306 1,368 243 285 85 177 143 306 118 242 42b 881 6,028 395 2,214 330 691 159 137 763 194 128 238 137 642 3.113 2,915 189 206 1,225 989 105 225 336 355 74 85 67 70 368 39% 78 116 72 56 116 123 1,715 235 93 17 807 66 76 l4 128 29 4o 11 37 10 257 38 46 6 26 6 13,281 6,8% 305 872 477 13 5,894 1,696 133 704 280 15 1,027 977 24 357 244 8 331 231' 15 1,884 1,244 37 385 235 3 1,179 2,831 46 103 181 949 55 148 102 202 50 101 82 119 235 500 711 26 160 63 64 23 29 208 On s e c u r i t i e s All other Investments - t o t a l U.S. Govt, s e c u r i t i e s Other s e c u r i t i e s Reserve with F. R. Bank Cash in v a u l t ITet demand d e p o s i t s Time d e p o s i t s Government deposits Dae from "banks Due to t a n k s Borrowings from F. R. Bank C. % 386 257 56 11 36 S 113 19 224 132 2^ 502 180 4 312 144 21 789 965 29 58 130 45 89 116 205 63 96 145 I89 35 15 19 7 61
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