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STATEMFNT FOE TEE PRESS released for publication .Friday a f t e r n o o n , Mar. 27J not e a r l i e r . S t . 4477 F e d e r a l B e s e r v e Board, March 2o, 1925. CONDITION OF MEMBER BANKS IN LEADING CITIES The F e d e r a l R e s e r v e B o a r d ' s 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 18 of 737 member b o n k s i n l e a d i n g c i t i e s shows a d e c r e a s e of $ 3 5 , 0 0 0 , 0 0 0 in l o a n s and d i s c o u n t s and i n c r e a s e s of $ 1 4 4 , 0 0 0 , 0 0 0 i n i n v e s t m e n t s ( n e a r l y a l l i n Government s e c u r i t i e s ) , of $ 2 0 5 , 0 0 0 , 0 0 0 i n Government d e p o s i t s , and of $ 1 9 , 0 0 0 , 0 0 0 i n t i m e d e p o s i t s , t o g e t h e r w i t h d e c l i n e s of $ 1 7 9 , 0 0 0 , 0 0 0 and $ 7 3 , 0 0 0 , 0 0 0 , r e s p e c t i v e l y , i n n e t demand, d e p o s i t s and i n b o r r o w i n g s f r o m t h e F e d e r a l r e s e r v e b a n k s . Member banks in New York C i t y show d e c l i n e s of $ 1 8 , 0 0 0 , 0 0 0 i n l o a n s and d i s c o u n t s , $ 8 , 0 0 0 , 0 0 0 in i n v e s t m e n t s , $ 1 0 1 , 0 0 0 , 0 0 0 i n n e t demand d e p o s i t s , and $ 8 6 , 0 0 0 , 0 0 0 i n b o r r o w i n g s f r o m t h e F e d e r a l r e s e r v e bank, and i n c r e a s e s of $ 3 8 , 0 0 0 , 0 0 0 and $ 1 1 , 0 0 0 , 0 0 0 i n Government d e p o s i t s and t i m e d e p o s i t s , r e s p e c t i v e l y . Loans and d i s c o u n t s d e c l i n e d i n a l l d i s t r i c t s , e x c e p t C l e v e l a n d and San F r a n c i s c o which show a t o t a l i n c r e a s e of $ 1 5 , 0 0 0 , 0 0 0 , t h e p r i n c i p a l r e d u c t i o n s i n l o a n s and d i s c o u n t s by d i s t r i c t s b e i n g : New York $ 2 0 , 0 0 0 , 0 0 0 , S t . L o u i s $ 9 , 0 0 0 , 0 0 0 , and M i n n e a p o l i s $ 7 , 0 0 0 , 0 0 0 . S u b s t a n t i a l i n c r e a s e s i n i n v e s t m e n t s a r e shown f o r a l l F e d e r a l r e s e r v e d i s t r i c t s e x c e p t New York and. Kansas C i t y , which r e p o r t n o m i n a l d e c r e a s e s . The C l e v e land and San F r a n c i s c o d i s t r i c t s r e p o r t i n c r e a s e s of $ 2 6 , 0 0 0 , 0 0 0 e a c h , Chicago r e p o r t s an i n c r e a s e of $ 1 9 , 0 0 0 , 0 0 0 , P h i l a d e l p h i a $ 1 8 , 0 0 0 , 0 0 0 , S t . L o u i s $ 1 5 , 0 0 0 , 0 0 0 , Richmond $ 1 4 , 0 0 0 , 0 0 0 , and B o s t o n $ 1 0 , 0 0 0 , 0 0 0 . Net demand, d e p o s i t s of r e p o r t i n g member b a n k s i n t h e New York and Chicago d i s t r i c t s : w e n t down $ 9 7 , 0 0 0 , 0 0 0 and $ 2 4 , 0 0 0 , 0 0 0 , r e s p e c t i v e l y . The Richmond d i s t r i c t shows a d e c r e a s e Qf1 $15*000,OQO,^Brstcn - a d e c r e a s e cf $ 1 2 , 0 0 0 , 0 0 0 , P h i l a d e l p h i a - $ 1 0 , 0 0 0 , 0 0 0 , / a n S m n n e a p c l l f e anfl D a l l a s - $ 8 , 0 0 0 , 0 0 0 e a c h . An i n c r e a s e of $ l 4 , 0 0 0 , 0 0 0 i n n e t demand d e p o s i t s i s r e p o r t e d f c r t h e San F r a n c i s c o r e s e r v e district. An i n c r e a s e of $ 1 3 , 0 0 0 , 0 0 0 i n t i m e d e p o s i t s i s shown f c r r e p o r t i n g member banks i n t h e New York F e d e r a l r e s e r v e d i s t r i c t , and of $ 7 , 0 0 0 , 0 0 0 and. $ 5 , 0 0 0 , 0 0 0 , r e s p e c t i v e l y , f o r t h e s e i n t h e Boston and Cleveland d i s t r i c t s . The p r i n c i p a l c h a n g e s i n b o r r o w i n g s f r o m t h e F e d e r a l r e s e r v e banks c o m p r i s e a d e c l i n e of $ 8 8 , 0 0 0 , 0 0 0 f o r r e p o r t i n g member banks i n t h e New York d i s t r i c t , and i n c r e a s e s of $ 7 , 0 0 0 , 0 0 0 and $ 6 , 0 0 0 , 0 0 0 , r e s p e c t i v e l y , f c r t h e S t . L o u i s and R i c h mond d i s t r i c t s . 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 d u r i n g t h e week and t h e y e a r e n d i n g March 18, 1925; f e l l o w s : Increase or decrease $35,000,000 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 o n d s , s t o c k s and s e c u r i t i e s 144,000,000 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 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 accommodation a t F. R. Banks 8,000,000 41,000,000 84,000,000 137,000,000 32,000,000 33,000,000 6,000,000 - Year Week Loans and d i s c o u n t s , t o t a l Secured 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 bends . . . All other during 000,000 000,000 914, 000,000 188, 000,000 + $1,098, + + + + + + 1,011, 000,000 6 5 6 , 000,000 287, 000,000 7, 000,000 605, 0 0 0 , 0 0 0 28,000 ,000 12,000,000 + + 155, 000,000 4 , 000,000 179,000,000 19,000,000 205,000,000 + + + l , 4 6 l , 000,000 779, 000,000 72, 000,000 73,000,000 10, 0 0 0 , 0 0 0 B 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 27, 1925; n o t e a r l i e r . S t . 4477a PRINCIPAL RESOURCES AND LIABILITIES OF REPORTING MEMBER BANKS IN LEADING CITIES ( i n t h o u s a n d s of d o l l a r s ) R e p o r t i n g member b a n k s i n ' A l l r e p o r t i n g member banks New York C i t y Mar. 18 Mar. 11 Mar. 19 Mar. 18 Mar. 11 Mar. 19 1925 1925 1924 1925 1925 1924 737 738 756 66 67 67 Number of r e p o r t i n g b a n k s Loans and d i s c o u n t s , g r o s s : 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 b y s t o c k s and bonds . . . A l l o t h e r l o a n s and d i s c o u n t s . . 202,842 4,826,590 8,181,712 T o t a l l o a n s and d i s c o u n t s . . . 13,211,144 Investments: U. S. P r e - w a r bonds - - - - - - U. S. L i b e r t y b o n d s U. S. T r e a s u r y b o n d s - - - - - 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 o n d s , s t o c k s and s e c u r i t i e s Total investments — 1§4,758 207,241 4,785,495 8,265,379 3,912,901 7,993,337 76,606 1,957,655 2,221,07 5 72,187 1,932,836 2,267,768 67,361 1,482,491 2,299,385 13,245,632 12,113,479 4,255,336 4,272,791 3,849,237 27,147 527,397 133,978 217,530 54,031 807,841 39,502 404,780 13,720 371,778 28,528 219,624 1,352,133 %0,045 481,969 145,281 2,822,830 218,482 1,358,320 353,964 513,801 112,287 2,817,073 2,218,109 27,247 523,188 153,847 191,977 56,104 807,702 5,517,882 5,373,927 4,506,904 1,760,065 18,619,559 16,620,383 270,376 1,037,876 73,044 768,884 138,615 R e p o r t i n g member b a n k s i n Chicago Mar. 18 Mar. 11 Mar. 19 19.25 1925 1924 46 46 48 23,167 535,280 695,482 22,696 542,490 690,242 24,749 446,317 655,182 1,253,929 1,255,428 1,126,248 1,938 566,501 36,284 67,098 5,062 200,603 1,937 82,149 26,953 69,167 7,006 198,817 4,198 49,966 5,025 79,048 15,933 158,796 1,767,924 1,424,809 392,252 386,029 312,966 6,015,401 6,040,715 5,274,046 81,267 T o t a l l o a n s and i n v e s t m e n t s - 18,729,026 R e s e r v e b a l a n c e s w i t h F. R. Banks - 1,638,270 1,666,317 1,482,880 690,543 277,409 737,116 661,611 162,302 155,447 135,993 289,451 273,777 62,359 66,338 63,161 25,975 26,970 27,891 13,057,942 11,418,194 5,024,954 5,125,828 4,492,074 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 12,879,055 1,646,181 1,641,457 1,439,214 1,153,690 1,161,534 1,010,179 4,973,465 4,954,192 4,194,133 791,868 781,061 616,185 461,993 459,647 371,501 Government d e p o s i t s 317,825 113,118 245,451 54,066 16,279 61,021 B i l l s payable & r e d i s . w i t h F.R.Banks: 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 All other — - 26,510 14,343 14,431 117,212 78,530 184,071 84,539 75,022 130,564 40,650 21,558 112,500 36,l4i 2,650 4,126 1,406 1,618 710 1,185 150 T o t a l b o r r o w i n g s f r o m F. R.Banks 195,742 268,610 205,586 62,208 148,641 6,776 1,556 2,328 3,785 0, 2,600 R 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 27, 1 9 2 5 ; n o t e a r l i e r . S t . 4477b PRINCIPAL RESOURCES AND LIABILITIES OF ALL REPORTING MEMBER BANKS IN EACE FEDERAL RESERVE DISTRICT AS AT CLOSE OF BUSINESS,MARCH 1 8 , 1 9 2 5 Federal Reserve D i s t r i c t Boston New York Number of r e p o r t i n g b a n k s : 42 107 Loans and d i s c o u n t s , g r o s s : S e c u r e d by U . S . G o v t , o b l i g . 8,556 81,476 S e c u r e d by s t o c k s & bonds 294,603 2,194,569 A i l Other l o a n s & d i s c o u n t s 6 6 3 , 5 7 1 2 , 5 2 1 , 2 6 8 T o t a l l o a n s and d i s c o u n t s 966,730 4,797,313 Investments: 10,108 U. S. P r e - w a r b o n d s 37,974 74,462 U. S. L i b e r t y b o n d s 618,385 U. S. T r e a s u r y bonds 176,451 28,371 U. S. T r e a s u r y n o t e s 209,697 8,397 6,061 U. S. T r e a s u r y c e r t i f i c a t e s 57,747 O t h e r b e n d s , s t o c k s and 1 9 2 , 2 0 2 1;, 0 7 6 , 3 2 9 securities Total investments Total loans & investments 319,601 2,176,583 Phila. 55 12,310 322,097 359,938 ( i n t h o u s a n d s 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. K a n s . C y . D a l l a s 25 71 ^9 20,455 6,578 7,620 32,689 13,060 2,850 4,042 3,344 435,703 127,726 76,236 717,340 174,996 59,754 122,110 75,986 7 4 5 , 1 7 8 3 4 6 , 3 3 5 3 8 0 , 9 1 7 1 , 2 1 6 , 0 2 6 3 1 9 , 2 8 2 1 9 9 , 4 1 8 3 2 7 , 3 2 0 232,537 San F r a n . Total 70 737 9,362 225,470 869,922 202,842 4,826,590 8,181,712 694,345 1 , 2 0 1 , 3 3 6 480,639 464,773 1 , 9 6 6 , 0 5 5 507,338 262,022 453,472 311,867 1,105,25% 1 3 , 2 1 1 , 1 4 4 * 47,833 54,375 13,901 25,163 34,595 17,848 1,725 4,274 14,831 8,567 8,776 4,135 2,195 18,064 165,599 67,84i 94,682 261,481 349,636 61,800 381,766 658,276 l 4 5 , 4 0 5 9,568 51,785 32,258 19,490 7,124 31,512 161,019 13,257 31,473 7,146 18,212 16,420 8,980 8,972 5,020 24,432 125,852 219,624 1,358,133 52,951 29,001 23,119 481,969 145,281 19,005 11,918 17,621 12,030 13,517 3,391 7,109 9,357 42,920 17,813 20,357 3,250 42,272 418,367 99,289 38,764 70,434 20,664 191,592 2,822,830 80,776 776,583 179,932 109,614 164,131 78,268 446,947 5,517,882 27,056 490,045 1 , 2 8 6 , 3 3 1 6 , 9 7 3 , 8 9 6 1 , 0 7 6 , 1 1 1 1 , 8 5 9 , 6 1 2 626,044 5^5,5^9 2,742,638 687,270 371,636 617,603 390,135 1 , 5 5 2 , 2 0 1 12,729,026 Reserve b a l a n c e s w i t h F.B.Bk. 91,155 752,221 Cash i n v a u l t 20,731 76,860 Net demand d e p o s i t s 856,265 5,577,298 Time d e p o s i t s 355,813 1,149,362 Government d e p o s i t s 25,741 70,936 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: S e c u r e d by U . S . G o v t , o b l i g . 2,704 56,865 All other 10,275 22,266 81,189 15,876 753,649 173,342 37,961 4,440 6,672 129,100 38,637 43,565 228,709 51,427 29,697 56,225 30,724 29,975 14,609 10,554 52,010 7,425 5,682 11,860 10,801 997,402 354,824 326,059 1 , 7 4 0 , 0 8 8 422,661 246,758 500,252 287,761 719,784 186,690 193,225 937,766 202,896 108,205 137,788 93,982 4 2 , 7 3 3 1 4 , 4 1 2 12,966 4 6 , 2 8 2 18,898 4,060 7,126 10,499 27,333 5,760 3,420 13,777 4,069 4,681 5,160 3,870 940 6,289 319 501 ~ 180 200 105,621 1,638,270 21,026 277,409 816,038 12,879,055 714,612 4,973,465 26,211 317,825 11,600 4,421 117,212 78,530 100,203 62,042 2,373,598 631,606 BANKERS' BALANCES OF REPORTING MMBER BANKS IN FEDERAL RESERVE BANK CITIES Due t o b a n k s Due f r o m b a n k s 125,570 1 , 1 2 5 , s 4 i 35,399 112,979 187,433 60,808 48,732 23,142 35,424 14,529 20,120 14,053 4i6,621 178,929 94,360 32,747 65,101 114,684 21,287 4 4 , 4 0 5 39,509 31,286
@FedFRASER