The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
STATEMENT FOB THE PRESS S t . filll F e d e r a l Reserve Board • H-rch 5, 1929 CONDITION OF WEEKLY E3P0RTING M3HB3R 3AMS IN LEADING'CITX3S The Federal Reserve B o a r d ' s c o n d i t i o n statement of weekly r e p o r t i n g member "banks i n 101 l e a d i n g c i t i c s on February 27 shows i n c r e a s e s f o r the week of $178,000,000 i n l o a n s , of $128,000,000 i n n e t demand deposits* and of $75,000,000 in "borrowings from Federal r e s e r v e banks, and a d e c l i n e of $19,000,000 in investments. Por imaediate r e l e a s e Loans on s e c u r i t i e s were $133,000,000 above the February 20 t o t a l 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 changes by Federal, r e s e r v e d i s t r i c t s being i n c r e a s e s of $123,000,000 i n the New Y o r k d i s t r i c t , of $15,000,000 i n the Boston d i s t r i c t and of $6,000,000 in the Cleveland d i s t r i c t , and d e c r e a s e s of $6,000,000 in the P h i l a d e l p h i a d i s t r i c t and of $5,000,000 i n the D a l l a s d i s t r i c t . "All other" loans i n c r e a s e d $45,000,000 a t a l l r e p o r t i n g banks, $21,000,000 i n the C h i c a g o d i s t r i c t , $19,000,000 i n the New York d i s t r i c t and $6,000,000 i n the Cleveland d i s t r i c t , and d e c l i n e d $12,000,000 i n the Boston d i s t r i c t . i • , * j 1 Holdings of U. S. Government s e c u r i t i e s d e c l i n e d $11,000,000 i n the San Francisco d i s t r i c t , $9,000,000 i n the New York d i s t r i c t and $25,000,000 a t a l l r e p o r t i n g banks, while h o l d i n g s of other s e c u r i t i e s show a not i n c r e a s e of $5,000,000 f o r the week. Net 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 $128,000,000 above the February 20 t o t a l , i n c r e a s e d $137,000,000 a t r e p o r t i n g bonks in the New York d i s t r i c t , $15,000,000 i n the Chicago d i s t r i c t and $7,000,000 i n the Cleveland d i s t r i c t , and d e c l i n e d $29,000,000 i n the San Francisco d i s t r i c t . Time d e p o s i t s were $12,000,000 above the amount r e p o r t e d a week ago. The p r i n c i p a l changes in borrowings from the Federal r e s e r v e banks f o r the week comprise i n c r e a s e s of $28,000,000 a t the Federal Reserve Bank of New York, $20,000,000 a t Chicago, $18,000,000 a t San F r a n c i s c o , $8,000,000 a t Boston and $7,000,000 a t Minneapolis. 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, t o g e t h e r with changes during t h e week and the year ending February 27, 1929, 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 ) Increase or decrease since Feb. 27.1929 Feb.20, 1929 Feb. 29. 1928 Loans and investments - t o t a l + 158 + 1,010 22,338 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 Reserve with F„ R. banks Cash i n vault 16,366 + 178 + 1,145 7,573 8,793 + 133* + 1,019 + 126 5,972 3,042 2,930 13,357 6,879 36 Duo from banks Due to banks + + 1,135 2,859 Borrowings from F. R. Banks 712 ""February 20 f i g u r e s r e v i s e d . + 1,746 246 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 W. 45* - + 19 25 5 4 7 128 12 7 9 19 75 135 + 97 231 4* + + I 306 262 2 31 — 514 + 357 Federal Reserve Board, February 23, 1929. For immediate r e l e a s e CO1IDITIO1T OF 'TEEKLY REPORTING MEMBER BAHKS IH CENTRAL RESERVE CITIES ( i n m i l l i o n s of d o l l a r s ) Feb. 20 Feb. 27 Feb. 29 HEW YORK Loans and investments - t o t a l 1929 . 1929 1928 7,239 7,109 6,905 Loans - t o t a l 5.36q 5,229 4,984 2,863 2,506 2,743 2,486 2,481 2,503 1,870 1,880 1,921 1,116 1,127 753 1,079 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 ITet demand d e p o s i t s Time deposits Government d e p o s i t s Dae from banks Due to banks Borrowings from F. R. Bank 754 761 56 7 g 842 746 51 5,349 1,177 10 5,212 1,173 12 5,563 1,081 11 93 935 134 95 94s 102 1,162 103 42 1,090 1,023 1,693 2,724 5,507 1,786 2,668 5,477 On demand On time 4,962 545 4,91s 559 2,812 910 Loans and investments - t o t a l 2.l4l 2,099 1,942 Loans - t o t a l 1.6SS 1,646 1,447 943 745 912 735 s9g Investments - t o t a l 453 453 • 495 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 192 261 188 17 195 258 177 17 221 274 184 17 1,281 625 1 1,245 6s6 l 1,272 646 2 Due from banks Due to banks 173 321 162 315 145 376 Borrowings from F. R. Bank 121 io4 12 1—t 1—l 1—l 1—l 1—l Loans on s e c u r i t i e s t o brokers and d e a l e r s : For own account For account of out-of-town banks For account of o t h e r s Total 3,722 CHICAGO On s e c u r i t i e s A l l other liet 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 As Monday, March 4, w i l l "be observed as a holiday, the c o n s o l i d a t e d weekly member "bank statement as of February 27 w i l l be issued on Tu'es&ay, March 5» (St. Sllla) S t . 61111) For immediate r e l e a s e 2 PRINCIPAL RESOURCES AND LIABILITIES OF WEEKLY REPORTING MEKBER BANKS IN EACH FEDERAL RESERVE DISTRICT ON FEBRUARY 2 7 , 1 9 9 ( i n m i l l i o n s of d o l l a r s ) Reserve Federal Total Boston New York Loans and i n v e s t m e n t s - t o t a l 22,338 1,471 Loans - t o t a l 16,366 1,117 Kans.Qy 730 391 682 489 1,937 2,657 532 260 443 355 1,292 154 1,250 l,4ob 302 117 239 " 4l6 350 80 180 l4l 319 250 282 134 751 197 131 239 134 645 % 352 399 79 74 57 115 123 40 267 2 57 219 138 509 179 Cleve. 8,478 1,236 "2,205 616 637 3,408 6,284 896 1,511 516 "197 503 On s e c u r i t i e s All other 470" 647 3,293 2,990 503 393 702 810 Investments - t o t a l 5.972 35 1 :_ 2,195 34o 693 160 3,042 153 1,216 334 71 359 88 4l R e s e r v e with F. R. Bank Cash i n v a u l t Net demand d e p o s i t s Tine d e p o s i t s Government d e p o s i t s Due from "banks Due t o "banks Borrowings from F. R. Bank w. 2,930 202 979 106 234 1,746 94 17 77 15 126 246 827 70 29 11 10 13,387 6,879 890 725 1,024 986 358 330 233 1,895 1,274 405 479 5,949 1,711 36 1 11 2 2 1 1,135 48 143 2,359 104 s 712 38 l4 283 2 D a l l a s San F r a n j Minn. Richmom DttjA t l a n t a Chicago S t . Louis Phila. 7,573 8,793 TL 5 - Govt, s e c u r i t i e s Othsr s e c u r i t i e s District 240 4o 118 48 7 241 4 1 101 50 81 248 993 61 162 211 99 113 459 50 133 167 58 66 24 34 181 24 l 11 li 876 3 S3 261 35 9 109 21 312 772 971 9 l 144 3 115 59 130 219 101 181 14 15 79
@FedFRASER