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STATEMENT FOR TEE 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. 5 ; not e a r l i e r . S t . 4b6b F e d e r a l Reserve Board, March 4, 1926* CONDITION OF MEMBER BANKS IN LEAPING CITIES The F e d e r a l Reserve B o a r d ' s s t a t e m e n t of c o n d i t i o n of y i 6 r e p o r t i n g member ban^s i n l e a d i n g c i t i e s as of F e b r u a r y 24 shews a r e d u c t i o n of $ 3 1 , 0 0 0 , 0 0 0 in l o a n s ahd d i s c o u n t s and an i n c r e a s e of $ 2 7 , 0 0 0 , 0 0 0 i n i n v e s t m e n t s . These changes were accompanied bv a d e c l i n e of $ 8 2 , 0 0 0 , 0 0 0 i n n e t dernand d e p o s i t s and a n i n c r e a s e of $ 1 6 , 0 0 0 , 0 0 0 in time d e p o s i t s , Member banks i n New York C i t y r e p o r t e d a r e d u c t i o n of $3, 000,000 i n 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 $42, 000,000 i n i n v e s t m e n t s an:7 $11,000,000 i n n e t demand d e p o s i t s . Loans on c o r p o r a t e s t o c k s and bonds were $ 2 0 , 0 0 0 , 0 0 0 below the t o t a l r e p o r t e d a week ago, d e c r e a s e s of $ 2 3 , 0 0 0 , 0 0 0 and $ 6 , 0 0 0 , 0 0 0 i n t h e New York and S t . Louis d i s t r i c t s , r e s p e c t i v e l y , b e i n g o f f s e t i n p a r t by an i n c r e a s e of $ 9 , 0 0 0 , 0 0 0 in the Cleveland d i s t r i c t . T o t a l l o a n s t o b r o k e r s and d e a l e r s , secured by s t o c k s and oonds, made by the 6l New York City r e p o r t i n g banks Wore $ 2 9 , 0 0 0 , 0 0 0 l e s s t h a n a week ago. The amount of such l o a n s made by the New York Cit^ banks f o r t h e i r own account d e c l i n e d $ 9 , 0 0 0 , 0 0 0 , t h o s e made f o r t n e account of o u t - o f - t o w n banks $ 1 2 , 0 0 0 , 0 0 0 and t h o s e f o r tne account of o t n e r s - $ 8 , 0 0 0 , 0 0 0 . I n v e s t m e n t s of r e p o r t i n g members i n U. S. Government s e c u r i t i e s d e c l i n e d $20, v00, 000, w h i l e t h e i r h o l d i n g s of o t h e r bonds, s t o c k s and s e c u r i t i e s i n c r e a s e d $ 4 7 , 0 0 0 , 0 0 0 , of which $ 4 6 , 0 0 0 , 0 0 0 was r e p o r t e d by banks i n New York C i t y . Net demand d e p o s i t s show r e d u c t i o n s i n a l l d i s t r i c t s except New York and M i n n e a p o l i s . The p r i n c i p a l r e d u c t i o n s i n t h i s i t e m were $ 2 8 , 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 $1$, 000,000 i n the? Boston d i s t r i c t . Time d e p o s i t s were $ 1 6 , 0 0 0 , 0 0 0 above l a s t week 1 s t o t a l , r e l a t i v e l y small i n c r e a s e s b e i n g r e p o r t e d by banks i n a l l d i s t r i c t s except P h i l a d e l p h i a , Chicago, S t . Louis and M i n n e a p o l i s . The p r i n c i p a l changes i n b o r r o w i n g s from t h e F e d e r a l r e s e r v e banks i n c l u d e an i n c r e a s e of $ 8 , 0 0 0 , 0 0 0 by banks i n the Boston d i s t r i c t and a r e d u c t i o n of $ 7 , 0 0 0 , 0 0 0 by t h o s e i n the Chicago d i s t r i c t . A summary of changes i n 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 r e p o r t i n g members d u r i n g the week and the y e a r ending F e b r u a r y 24, 1926, 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 n g We;•k Loans and d i s c o u n t s , t o t a l Secured by U.S. Gov*t. o b l i g a t i o n s . • . Secured by 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. 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 , . . . . . . Other bonds, s t o c k s and s e c u r i t i e s . . . 4 Reserve 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 . . $31. 000.,000 v >000 j,000 20, OvO coo 14. coo' ,000 27; 000, ,000 14, 000; 000 - + . . T o t a l accommodation a t F. R. Banks , . C. + Ye a r + b, 000, 000 47, 000, 000 # * - + + + + - + + 48, 000, 000 14, 000, 000 - 52, 000. 000 l b , 000, 000 + - # + 5, 000, 000 - + + + $788,000,000 35,000,000 651,000,000 142,000,000 97,000.000 115,000^000 193,000,000 25,000,000 150,000,000 45,000,000 3,000,000 3,000,000 457,000,000 88,000,000 74, oOO, 000 R e l e a s e d f o r p u D l i c & t i c n F r i d a y a f t e r n o o n , . March 5, 1926; n o t e a r l i e r . PRINCIPAL RESOURCES AND LIABILITIES OF REPORTING MEMBER BANKS IN LEADING CITIES All r e p o r t i n g member banks Number of r e p o r t i n g banks - - - - - - - - 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 Secured "by 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 - - - - - T o t a l l o a n s and d i s c o u n t s - - - - - - - - - - - - - - - T o t a l l o a n s and i n v e s t m e n t s - - - - - - - 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 - - - - - - - - - - - B i l l s payable and r e d i s . w i t h F. R. Banks: Secured by U.S.Government o b l i g a t i o n s - All other - - - - - - - - Feb. 17 1926 716 716 167,375 5,427,270 8,335,753 163,973 5,446,935 2,350,053 Feb. 25 1925 739 61 61 202,744 54,458 53,390 77,495 4,746,733 2,087,335 2,103,820 1,964,734 2,193,354 2,284,109 2,271,999 2,242,025 46 14,504 615,730 674,695 46 46 15,913 620,505 684,757 23,324 518,604 686,382 223,712 1,327,509 448,915 321,524 139,267 2,971,164 223,529 1,400,162 451,073 321,326 144,791 2,924,382 218,834 1,375,537 351,026 514,721 114,315 2,820,751 27,067 532,055 136,526 214,861 54,895 797,903 5,501 106,789 17,123 45,405 1,500 200,513 4,884 102,340 17,161 46,449 1,963 198,286 5,492,097 5,465,323 5,395,534|l,792,637 1,750,944 1,763,307 376,831 371,083 223,943 13S»718 229,213 13S,5H 6,415 3,719 10,134 11,720 9,758 1,668 1,000 21,538 2,668 29,568 519,821 194,937 151,425 39,223 857,663 29,571 524,318 192,414 152,255 40,240 812,146 1,932 82,165 26,662 71,124 6,700 208,222 396,871 1 9 , 4 2 2 , 4 9 5 1 9 , 4 2 6 , 2 8 4 1 2 , 5 3 8 , 3 6 5 1 6 , 218,539 6 , 1 2 0 , 1 5 3 6 , 0 4 7 , 5 6 1 1 , 6 8 1 , 7 6 0 1 , 6 9 2 , 2 5 s 1 , 6 2 5 , 2 4 1 1,636,439 1,684,457 l , 0 8 I , 6 1 9 161,006 162,017 160,627 722,107 697,285 748,576 291,163 28,402 294,501 66,671 70,226 21,009 64,023 277,176 22,477 12,935,088 1 3 , 0 1 7 , 3 7 6 1 2 , 9 3 2 , 0 9 3 ) 5 , 045,236 5,034,377 5 , 0 9 2 , 4 9 9 1 , 1 5 2 , 4 3 2 1 , 1 4 9 , 9 6 3 1 , 1 4 6 , 3 0 9 202,093 5,437,352 5,421,383 4,950,842 516,494 794,442 512,728 456,469 799,927 201,018 201,291 112,938 16,279 12,947 14,343 12,947 49,995 49,995 216,920 71,249 115,532 26,394 125,292 19,304 T o t a l borrowings f r o m F. R. Banks - - - 362,661 367,724 288,7691 1 4 1 , 9 2 6 145,196 Loans t o b r o k e r s and d e a l e r s ( s e c u r e d by s t o c k s and bonds) made by 6 l r e p o r t i n g member banks i n New York C i t y : For own account 1,149,391 1,152,905 For a c c o u n t of o u t - o f -town banks 1,342,665 1,354,170 For account of o t h e r s 617,275 625,649 c. 67 R e p o r t i n g member banks i n Chicago Feb. 24 Feb. 17 Feb. 25 1926 1926 1925 13,930,398 13,960,961 13,142,831 4,425,902 4,429,209 4,284,254 1,304,929 1,321,175 1,228,370 Investments U. S. P r e - w a r bonds - - - - - - - - U. S, L i b e r t y bonds - - - - - - - - U. S. T r e a s u r y "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 - - - - Other bonds, s t o c k s and s e c u r i t i e s Total investments Feb. 24 1926 R e p o r t i n g member banks i n New York C i t y Feb. 24 Feb. 17 Feb. 25 1926 1926 1925 Total 3,109,331 3,132,724 149,550 _32,729 182,339 1 R e l e a s e d f o r p u o i i c a t i o n F r i d a y a f t e r n o o n , -March 5, 192o; n o t e a r l i e r . __ 4gbbb PRINCIPAL RESOURCES AND LIABILITIES OF ALL REPORTING- MEMBER BANKS IN EACH FEDERAL RESERVE DISTRICT AS AT CLOSE OF BUSINESS, FEBRUARY 24 1926. (In thousands of d o l l a r s ) ' ' ' Federal 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 o u i s Minn. Kans.Cy."Hollas San pFan. Total Number of r e p o r t i n g banks 40 99 5^ 75 71 36 100 33 24 69 49 6b 716 Loans and d i s c o u n t s , g r o s s : Secured by U.S.Govt o b i i g . 9,006 59,119 10,326 21,469 5,150 7,804 21,748 1 2 , 0 6 6 2,450 4,027 3,lU4 11,066 167 375 swa aaaa; Total l o a n s and d i s c o u n t s 1 , 0 0 3 , 7 0 7 5 , 0 2 4 , 0 2 4 Investments: iss; 772,306 1 , 2 9 4 , 6 2 7 520,344 521,299 2 , 0 6 6 , 4 5 9 528,777 252,104 443,277 312,754 1 , 1 8 4 , 6 9 0 1 3 , 9 3 0 , 3 9 s ' pill 1111111111 i I! 11! Other bonds, s t o c k s and securities Total investments 216,404 1 , 1 5 6 , 1 8 1 252,360 339,727 62,195 51,355 436,933 105,309 76,762 23,370 ' ' 205,126 351,489 2 , 2 0 8 , 5 5 2 343,010 616,651 129,319 94,173 758,806 168,438 113,254 181,076 76,006 451,323 42,382 JJ * ' 2,971,164 5,492,097 Total l o a n s and investments 1 , 3 5 5 , 1 9 b 7 , 2 3 2 , 5 7 b 1 , 1 1 5 , 3 1 6 1 , 9 1 1 , 2 7 8 649,6o3 615,472 2 , 8 2 5 , 2 6 5 697,215 365,358 624,353 3 9 4 , 7 9 0 1 , 6 3 6 , 0 1 3 1 9 , 4 2 2 , 4 9 5 Reserve balances w i t h F.R.Bk. 94,461 755,906 80,556 116,947 3 9 , 2 0 5 4 3 , 5 3 2 233,593 4 9 , 0 2 0 2 7 , 9 9 5 53,433 30,631 111,110 1,636,439 Cash i n v a u l t ^0,999 82,902 16,bo2 33,36b 1 4 , 0 4 9 12,081 51,613 7,b41 6,255 13,441 1 0 , 6 8 8 21,46b 291,163 Ket demand d e p o s i t s 879,473 5 , 6 0 5 , 9 2 9 751,059 1 , 0 1 4 , 6 2 9 374,571 362,876 1 , 7 5 0 , 0 1 3 4 1 8 , 9 4 4 230,445 494,900 276,147 * 776,102 1 2 , 9 3 5 , 0 8 8 Time d e p o s i t s 398,886 1 , 2 0 1 , 0 1 6 221,631 7b4,720 206,673 217,113 1 , 0 3 4 , 9 1 2 2 2 0 , 5 I 8 1 1 3 , 1 1 0 1 4 5 , 7 5 2 100,769 812,258 5 , 4 3 7 , 3 5 8 Government d e p o s i t s 19,598 56,627 18,769 19,765 6,054 10,006 25,659 5,864 3,065 1,781 7, 565 26,265 201,018 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 . 2,465 139,005 11,406 12,252 6,739 6,264 21,415 4,910 3,300 8,600 294 7,293 223 943 A l l Other 24,119 30,016 11,406 12,379 9,760 11,268 13,701 9,835 200 1,594 3,570 10,870 138JI8 BANKERS' BALANCES OF REPORTING MEMBER BANKS IN FEDERAL RESERVE BANK CITIES T d s V ' S « ^ kilt
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