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STATE: TEST FOR THE PRESS St. 6503 Federal Reserve Board, March 3, 1930. jor immediate r e l e a s e CONDITION OF 'ITEEICLY REPORTING :<3!.3ER BANKS IN LEADING CITIES The Federal Reserve B o a r d ' s condition statement of weekly r e p o r t i n g member "banks in l e a d i n g c i t i e s on February 26 shows decreases f o r the week of 907,000,000 i n loans and investments, $34,000,000 in borrowings from Federal r e serve "banks and ^22,000,000 in net demand d e p o s i t s , and an i n c r e a s e of ^23,000,000 in time d e p o s i t s . Loans on s e c u r i t i e s declined $16,000,000 a t r e p o r t i n g b,anks i n the New York d i s t r i c t , $6,000,000 in the Boston d i s t r i c t ; and $28,000,000 at a l l r e p o r t i n g banks. "All o t h e r " loans declined $58,000,000 in the New York d i s t r i c t and $o4,000,000 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 declined $6,000,000 in the Hew York d i s t r i c t and $7,000,000 at a l l r e p o r t i n g banks, while holdings of other s e c u r i t i e s increased $16,000,000 in the New York d i s t r i c t and $11,000,000 a t a l l r e p o r t i n g banks. The p r i n c i p a l change i n borrowings from Federal reserve banks f o r the week was a decrease of $33,000,000 a t the Federal Reserve Bank of New York. A summary of the 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 changes during the week and the year ending February £6 1930, f o l l o w s : ( I n m i l l i o n s of d o l l a r s ) F f l b / 2 6 . 1950 Loans and investments - t o t a l 22,003 Loans - t o t a l 16,428 7,641 8,786 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 Dae from banks Dae to banks Borrowings from F. R. Banks C. 91 + 62 28 64 + 68 7 5,575 + 4 - 397 2,801 2,774 4- 7 11 - 24l 156 36 11 - 15 25 1,731 221 + 12,944 6,874 5 + + 22 23 1 1,083 2,790 + a 56 - 52 69 34 - 560 152 — £ Reserve with F. R. banks Cash in v a u l t 335 h vjn vi U. S. Government s e c u r i t i e s Other s e c u r i t i e s - _1Z Vj Investments - t o t a l - 1 J 1 On s e c u r i t i e s All other Increase or decrease since Feb. 19, 1910 Feb. 27.1929 Federal Reserve Board February 2J, 1930. For immediate r e l e a s e CC9DITICN OF WEEKLY REPORTING' MEMBSR BASKS IN CENTRAL RESERVE CITIES ( i n m i l l i o n s of d o l l a r s ) Feb. 2o 1930 Feb. 19 1930 Feb. 27 1929 NEW YORK Loans and investments - t o t a l 7,412 7,484 7,239 Loans - t o t a l 5,499 5,578 5.369 2,890 2,609 2,913 2,665 2,863 2,506 1,914 1,905 1,870 1,108 805 l,li4 792 1,116 754 782 49 743 50 761 56 5,226 1,230 1 5,199 1,225 l 5,349 1,177 10 74 904 78 844 93 935 1 37 134 953 98O 1,556 962 987 1,545 3,494 1,090 1,693 2,724 5,507 3,137 357 4,962 545 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 Reserve with F. R. Bank 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 Due from banks Due to banks Borrowings from F. R. Bank Loans on s e c u r i t i e s to brokers and d e a l e r s : For own account For account of out-of-town banks For account of others Total On demand On time 3,489 3,116 373 • CHICAGO Loans and investments - t o t a l 1,942 1,930 2,l4l Loans - t o t a l 1,546 1,536 1,688 935 611 924 612 943 745 395 395 453 162 233 162 233 192 261 171 15 165 15 188 17 1,222 605 1,214 596 1,281 685 1 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 Reserve with F. R. Bank 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 Due from banks Due to banks Borrowings from F. R. Bank c. 144 314 1 173 321 l ( S t . 6503a) 121 For immediate r e l e a s e St. 6503b PRIM CI PAL RESOURCES AHD LIABILITIES OF WEEKLY REPORTING MEi-EER BANKS IN EACH FEDERAL RESERVE DISTRICT ON FEBRUARY 26, 1930 ( I n m i l l i o n s of d o l l a r s ) Total Federal P h i l a - Cleveland Boston jiTew York delphia ! Richmond Reserve A t l a n t a Chicago St. Louis District Minn- Kansas e a p o l i s Ci ty Dallas San Franci sco Loans and investments - t o t a l 22,003 1,485 8,694 1,196 2,128 642 618 3,158 662 369 655 459 1,938 Loans - t o t a l lb,428 l,l6l 6,422 909 1,518 487 494 2,510 512 253 443 352 1,368 7,641 8,786 49S 663 3,343 3,079 477 432 723 795 188 299 163 331 1,244 1,266 233 280 86 167 138 3o4 106 246 444 924 5,575 324 2,272 227 611 155 124 648 149 116 213 106 571 2, SOI 2,774 162 162 1,256 1,016 21 206 294 316 70 85 61 63 293 355 36 113 64 52 95 117 66 4i 322 24s 1,731 221 97 15 845 61 75 14 124 26 39 11 39 9 246 35 ij4 6 25 5 55 11 33 9 109 19 12,944 6,874 5 879 479 5,816 1,796 l 686 297 998 950 346 239 33° 24l 372 229 216 134 482 175 — — — — 1,795 1,183 1 284 143 l 7^0 1,009 1 1,083 2,790 42 108 ill 965 57 165 94 . 210 49 75 119 205 62 95 159 198 152 8 25 16 10 6 8 On s e c u r i t i e s All o t h e r 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 i n v a u l t Met 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 Dae from "banks Due to banks Borrowings from F. R. Bank C — 30 — 48 98 70 111 211 436 5.4 124 8 12 24 5 -
@FedFRASER