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DTA.f; E"/Q:iiNT FOE TUP FBEKS 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. 6; not e a r l i e r . S t . 4452 F e d e r a l Reserve Board, March 5, 1925 • CONDITION OF MEMBER BANKS I IT L3ADING CI m IES D e c r e a s e s of $37»000,000 i n 1cans and i n v e s t m e n t s and of $63* '00,000 i n n e t demand d e p o s i t s , t e g 3 t h 3 r w i t h a n i n c r e a s e of $ 8 4 , 0 0 0 , 0 0 0 i n accommodation at t h e Federal r e s e r v e banks a r e shown i n t h e .Federal Bassrve B o a r d ' s weekly 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 F e b r u a r y 25 of 739 member banks i n l e a d i n g c i t i e s . T o t a l l o a n s and d i s c o u n t s show a d e c l i n e of $ 2 3 , 0 0 0 , 0 0 0 , i n c r e a s e s of $2,000,000 i n l o a n s on TJ. S. Government s e c u r i t i e s and of $ 1 5 , 0 0 0 , 0 0 0 i n l o a n s on c o r p o r a t e s e c u r i t i e s b e i n g mere t h a n o f f s e t by a r e d u c t i o n cf * 4 3 , 0 0 v , 0 0 0 i n . "All o t h e r " , l a r g e l y commercial, l e a n s and d i s c o u n t s . Holdings of TJ. S. bonds were reduced by $ 1 3 , 0 0 0 , 0 0 0 , of T r e a s u r y c e r t i f i c a t e s by $ 3 , 0 0 0 , 0 0 0 and. of c o r p o r a t e s e c u r i t i e s by $ 9 , 0 0 0 , 0 0 0 , w h i l e h o l d i n g s of T r e a s u r y n o t e s went up * 1 6 , 0 0 0 , 0 0 0 . Member banks i n New York C i t y r e p o r t i n c r e a s e s of $ 1 , 0 0 0 , 0 0 0 and $ 3 3 , 0 0 0 , 0 0 0 r e s p e c t i v e l y , i n l o a n s on U. S. Government s e c u r i t i e s and on c o r p o r a t e s e c u r i t i e s , and a d e c r e a s e of $55,000,000 i n "All o t h e r " l e a n s and d i s c c u n t s . Their holdings cf U. S. bonds and c o r p o r a t e s e c u r i t i e s went down $ 3 , 0 0 0 , 0 0 0 each, w h i l e t h e i r h o l d i n g s of T r e a s u r y n o t e s went up $ 1 2 , 0 0 0 , 0 0 0 . Of t h e d e c r e a s e of $63,000,000 i n n e t demand, d e p o s i t s , $23,000',000 was r e p o r t e d f o r t h e Chicago d i s t r i c t , $19,000,000 f o r t h e New York d i s t r i c t , $ 9 , 0 0 u , 0 0 0 f o r t h e San F r a n c i s c o d i s t r i c t , and $8,000,000 and. $7,000.,000, r e s p e c t i v e l y , f o r t h e B o s t o n and C l e v e l a n d d i s t r i c t s . Time d e p o s i t s went up $ 1 5 , 0 0 0 , 0 0 0 , m o s t l y o u t s i d e of New York C i t y , w h i l e n e t w i t h d r a w a l s of Government d e p o s i t s a g g r e g a t e d $8,000,000. "Reserve b a l a n c e s of a l l r e p o r t i n g banks show an i n c r e a s e cf $ 3 5 , 0 0 0 , 0 0 0 and cash i n v a u l t an i n c r e r . s e of $ 1 ^ , 0 0 0 , 0 0 0 . The Ivew York C i t y members r e p o r t i n c r e a s e s of $40,000,000 i n r e s e r v e b a l a n c e s and of $ 6 , 0 0 0 , 0 0 0 in c a s h . Borrowings f r o m t h e F e d e r a l r e s e r v e banks i n c r e a s e d by $ 3 4 , 0 0 0 , 0 0 0 a t a l l p o r t i n g i n s t i t u t i o n s and by $ 7 1 , 0 0 0 , 0 0 0 a t r e p o r t i n g banks m j-Tew York o i t y . re- 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 cf r e p o r t i n g members d u r i n g the week and t h e y e a r ending F e b r u a r y 25, 1925; f e 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 Year Week - $28,000,000 + $1,265,000,000 + 15,000,000 48,000,000 + + 942,000,000 348,000,000 9,000,000 13,000,000 + + 599,000,000 566,000,000 3,000,000 + 9,000,000 + 600,000,000 35,000,000 + 262,000,000 14,000,000 + 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 . 63,000,000 15,000,000 8,000,000 + 1,765,000,000 T o t a l accommodation a t F, R. Banks 84,000,000 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 Secured by s t o c k s and bonds . . • All other + 5,000,000 - 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 . . . . Other bond8, s t c c k s and s e c u r i t i e 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 . . . . . . + + 16,000,000 25,000,000 + 279,000,000 12,000,100 14,000,000 767,000,000 11,000,000 9,000,000 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 6 , 1925; n o t e a r l i e r . PRINCIPAL HESOUEGES 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 banks i n All r e p o r t i n g member banks Nev; York C i t y Feb. 27 Feb. 18 Feb. 25 Feb. 27 Feb. IS Feb. 25 1924 1925 1925 1924 1925 1925 739 Number of r e p o r t i n g banlrs Loans and d i s c c u n t s , g r o s s : 202,744 Secured by U . S . G o v ' t , o b l i g a t i o n s 4 , 7 46,733 Scoured by s t o c k s and bonds - - 8 , 1 93,354 All o t h a r l o a n s and d i s c o u n t s - " o t a l l o a n s and d i s c o u n t s - - - - 1 3 , 1 4 2 , 8 3 1 Investments: U. S, P r e - w a r bond s - - - - - - - U. 3. L i b e r t y bends - - - - - - - U, o. T r e a s u r y "bonds - - - - - - IT. 3, T r e a s u r y n o t e s - - - - - - Us 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 bonds, s t o c k s and s e c u r i t i e s Total investments - - - - - - - - N e t 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 p a y a b l e & red i s . w i t h F. R. Banks: Secured by U.S. Govt, o b l i g a t i o n s A11 o t h e r T o t a l borrowings f r o m F« R. Banks *198,160 4,731,442 *8.240,899 227,448 3,805,100 7,844,Q81 13?1 /'0,501 1 1 ; 8 7 7 , 5 2 9 2,520,751 2 73 , 241 1,030,296 76,516 794 , 273 101,765 2,220,453 5,395,534 5,404,567 4,496,574 351,026 514.721 114,315 I,b81,6l9 294,501 i-2,93~>093 4,950,842 77,495 1,646,849 230,719 12,994,807 11,^67,428 4,183,680 1 24,094 216,920 133,061 162,621 71,697 134,831 204,758 297,452 *Revised f i g u r e s . | 67 R e p o r t i n g member banks i n Chicago Feb. 27 Feb. 18 ?eb. 25 1924 1925 1925 46 46 48 24,700 438,568 649,605 1,964,734 2,242,025 76,876 1,932,059 2,297,676 83,741 1,354,954 515,604 2,216,620 656,332 23,936 521,085 694,680 4,284,254 4,306,611 3,685,315 1,225,370 1,239,701 1,113,173 27,067 532,055 136,526 214,861 54,595 797,903 27,047 533,971 135,039 202,533 37,946 1,93s 1 938 od,732 26,833 23,384 400,197 22;993 565,105 82,165 26,662 71,154 6,700 203,222 8 ; 022 223,122 4,181 42,465 5,092 73,066 14,055 160,247 1,453,911 356,871 413,642 304,112 5,139,226 1,625,241 1,653,349 1,417,285 615,867 66,784 161,006 28,402 162,576 70,226 5,092,499 708,392 63,776 26,759 137 , 298 27,961 5,104,187 4,300,319 1,146,309 1,169,269 997,819 794,442 792,309 604,789 • 456,469 457,829 372,318 16,279 16,279 33,974 14,343 14,343 6,241 149,550 32,789 76,400 35,154 67,825 3,502 1,668 1,000 970 270 800 601 152,339 1H,554 71,327 2,668 1,240 1,401 748,576 1,419,223 280,3^1 112,938 67 54,909 800,355 1,763,307 1,757,354 6,047,561 6,063,965 18,575*068 l 6 , 3 f 4 , ^ 0 ) 4,936,315 121,238 71,549 285,769 67 759 218,764 1,385,104 355,435 495,452 liS,9^5 2,629,864 218,534 1,375,887 T o t a l l o a n s and i n v e s t m e n t s - - 1 8 , 5 3 8 , 3 6 5 E j s .:-?rve b a l a n c e s w i t h F . E . Banks - Cash in v a u l t - - - - - - - - - - - 739 S t . 4452a 412,50s 15,162 71,001 L =$ l e a s e d f o r pub'iicafcion 5>iday - a f t e r n o o n , March 6 , 19-25J not e a r l i e r . ^« 0 PRINCIPAL BESOURCES AND LIABILITIES OF ALL REPORTING MEMBER BANKS IN EACH FEDERAL RESERVE DISTRICT AS AT CLOSE OF BUSINESS, FEBRUARY 25, 1925. F e d e r a l Reserve D i s t r i c t Boston New York Number of r e p o r t i n g banks 42 108 Loans and d i s c o u n t s , g r o s s : S e c r r s d by U.S.Govt. o b i i g . 7,922 82,353 Secu-ed by s t o c k s & bonds 2 9 4 , 2 6 : 2 , l g 4 , 2 4 o A l l o t h e r l o a n s & d i s c c u n t s 6 5 9 , 4 2 5 2,541,326 T o t a l l o a n s and d i s c o u n t s 961,608 4 , 8 0 7 , 9 1 9 T v-1 ~T -S- rv-1 P h i l a. ( i n t h o u s a n d s of d o l l a r s ) Cleve. Rich. Atlanta 55 10,393 313,454 361,352 76 74 36 Chicago S t . L o u i s 100 33 Minn. Kans.Cy. D a l l a s 25 71 49 19,628 6,407 7,533 31,200 12,739 2,777 4,105 3,676 4 2 3 , l 4 7 125,485 73,868 693,S49 184,978 60,034 107,020 72,373 739,858 349,781 379,110 1 , 2 0 1 , 6 5 7 315,060 205,275 341,304 239,348 685,199 l , 1 8 2 , 6 3 3 4 s i , 6 / 3 4 6 0 , 5 1 1 1,926,706 San F r a n . 10 Total 739 14,011 214,024 859,355 202,744 4,746,733 8,193,354 512,777 8d8,089 452,429 315,397 1 , 0 8 / , c 9 0 1 3 , l 4 2 , 3 3 1 v-1 4- r * • 37,494 u . s . P-re-war bon^s 10,533 80,621 627,677 u . s . L i b e r t y bon63 16,727 152,359 U. 5 . T r e a s u r y bonds 8,423 232,786 U, S. Treasury n o t e s 56,508 u . s . T r e a s u r y c e r t i f i c a t es 1 , 7 5 3 Oth er bonds, s t o c k s and securities 193,741 1,066,387 Total investments T o t a l l o a n s <& i n v e s t m e n t s 311,798 2 , 1 7 3 , 2 1 1 7,146 9,333 9,568 51,046 l6,16b 19,291 7,694 31,505 172,183 29,680 56,484 6,965 25,113 38,210 5,340 1,847 341 14,864 9,473 2,799 3,267 1,084 17,356 167,460 49,028 98,911 13,741 p 5>792 5T519 15,759 669 5,932 18,976 5,720 260,720 347,431 61,911 41,958 424,847 99,217 37,229 364,485 644,248 132,762 73,u45 769,865 l 6 0 , 6 9 7 105,134 163,983 12,263 26,131 42,706 17,544 14,585 5,795 9,239 14,605 22,630 2,863 2,0 71,846 20,746 69,910 24,637 120,003 43,076 27,108 16,454 194,71s 425,996 218,834 1,375,887 351,026 114,315 514,721 2,820,751 5,395,534 1 , 2 7 3 , 4 0 6 6 , 9 8 1 ,130 1 , 0 4 5 , 684 1 , 8 2 6 , 5 8 1 6 l 4 , 4 3 5 533,956 2 , 6 9 6 , 5 7 1 o73> 474 373,223 6 l 6 , 4 1 2 383,307 1 , 5 1 3 , 886 l c , 33 d ! 3"5 Reserve b a l a n c e s w i t h F . R . 3 k . 87,9'-"4 £05,435 Cash i n v a u l t 21,467 65,631 Nat demand d e p o s i t s c 6 6 , 7 2 3 5,629,006 Time d e p o s i t s ' 337,8 25 1,145,316 Government d e p o s i t s 22,510 25,096 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: Secured by U . s . G o v t , o b l i g . 4,007 170,155 All other 6,424 34,477 75,375 121,945 4 1 , 0 7 3 4 3 , 9 2 6 232,635 51,849 28,03o 53,516 3 1 , 6 2 4 16,491 3 0 , 9 7 8 13,870 11,514 55,00b 7,234 6,35'-' 12,996 1 1 , 1 3 1 7 4 5 , 5 3 1 1 , 0 0 6 , 1 9 1 366,303 321,865 1 , 7 4 1 , 8 3 9 420,569 250 ; S79 494,044 290,296 135,074 715,157 187,653 193,049 926,952 210,330 105,20s 140,751 95,636 10,522 11,439 2,13b 2,941 21,000 6,019 1,602 o57 l,64o 3,605 2,850 23,192 3,219 2,832 8,090 - 3,251 5,168 1,493 3,447 570 306 621 37 225 1,417 108,201 1,681,619 21,833 29>,;)Ol 795,524 12,932,093 707,891 4,950,842 7,3o3 112,93^ , 6,545 6,838 216,920 71,849 111,280 71,803 2,391,659 649,499 r BAFKERS' BALANCES OF REPORTING MEMBER BANKS IN FEDERAL RESERVE BANK CITIES Due t o banks Due fi-om banks 124,935 1 , 0 9 6 . 7 6 7 36,569 110,917 192,038 59,412 50,452 28,215 35,619 13,917 20,653 15,272 418,127 101,328 167,994 33,238 66,530 126,054 17,701 55,695 47,876 33,766
@FedFRASER