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 . 3968 Released for publication Friday afternoon, Mar. 7J not e a r l i e r . Federal Reserve Board, March 6, 1924. CONDITION OF MEMBER BANKS IN LEADING CITIES Aggregate reductions of $70,000,000 in net demand deposits and of $52,000,000 in loans and discounts together with an increase of $27,000,000 in accommodation at the Federal reserve banks are shown in the Federal Reserve Board's weekly consolidatedstatement of condition on February 27, of 755 member banks in leading c i t i e s . Loans on United States securities declined by $2,000,000, loans on other stocks and bonds by $44,000,000, and a l l other, largely comnerci^l, loans - by $6,000,000. Holdings of United States securities decreased by $12,000,000 while holdings of other bonds and stocks increased by $13,000,000. Member banks in New York City report an increase of $3,000,000 in loans on United States obligations and reductions of $48,000,000 in loans on corporate securities and of $1,000,000 in a l l other loans, A decrease of Cj,000,000 in holdings of United States s e c u r i t i e s is partly offset by an increase of $2,000,000 in holdings of other s e c u r i t i e s . Of the t o t a l decrease of $70,000,000 in net demand deposits, $30,000,000 is shown for the New York d i s t r i c t , $14,000,000 for the San Francisco d i s t r i c t and $13,000,000 for the Chicago d i s t r i c t . Time deposits of a l l reporting banks increased by 4-6,000,000, while Government deposits show practically no change. Reserve balances of a l l reporting institutions maintained at the Federal reserve banks increased by $21,000,000, the increase of $35,000,000 in New York City being offset in part by small decreases elsewhere. Member bank borrowings from the Federal reserve banks increased from $270,000,000 to ^297,000,000. The New York City banks report an increase of $6,000,000 in accommodat ion from the local reserve bank, A summary of changes in tne principal assets and l i a b i l i t i e s of reporting members during the week and the year ending February 27, 1924, follows: Increase or decrease during Week Loans and discounts, t o t a l Secured by U. S„ Government obligations Secured ty stocks and bonds All other Investments, t o t a l . U. S. bonds U. S. Treasury notes U» S. C e r t i f i c a t e s of indebtedness . Other bonds, stocks and securities . Reserve balances with F. R. Banks Cash in vault . . Net demand deposits Time deposits Government deposits Total accommodation at F. R, Banks . . - $52,000,000 - Year + $235,000,000 55,000,000 + 4,000,000 + 256,000,000 2,000,000 - - 44,000,000 6,000,000 + 1,000,000 2,000,000 - 195,000,000 55,000,000 + 1,000,000 13,000,000 + 44,000,000 34,000,000 + 21,000,000 + 11,000,000 - 1,000,000 + 3,000,000 + 70,000,000 6,000,000 1,000,000 + + 360,000,000 406,000,000 24,000,000 + 27,000,000 - 58,000,000 - 9,000,000 - 127,000,000 Released f o r publication Friday afternoon, March 7, 1924; not e a r l i e r . , '/ ' St. 3968a PRINCIPAL RESOURCE AND LIABILITY ITEMS OF REPORTING MEMBER BANKS IN LEADING CITIES (In thousands of d o l l a r s ) Feb. 27, 1924 Number of reporting banks - - - - - - - - - - - - - - - - - - - - - - 759 Loans and discounts, gross: Secured by U. S» Government obligations - - - - - - - - - - - - - - - 227,401 Secured by stocks and bonds (other than U. S, s e c u r i t i e s ) - - - - - - 3,804,138 Total loans and discounts - - - - - - - - - - - - - - - - - - - - - - 11,874,221 Feb.. 20, 1924 758 101,76? 16,369,731 769 777 229,228 3,848,626 7,348.667 2X0,001 3,641,374 7,336,176 282,521 3,799,712 7,557,140 11,926,521 11,707,551 274,456 1,064,090 11,639,373 282,800 1,042,296 112,261 *921,058 145,704 272,730 1,031,141 76,762 Aug. 29, 1923 Feb. 28, 1923 77,538 802> 706 102,512 2,207,640 83,362 2,143,933 16,420,788 16,244,339 1,398.030 280,659 11,235,478 2,186,296 16,329,788 1,365,588 1,408,310 282,805 277,480 10,880,405 11,524,612 4,175,980 124,918 4,005,773 121,642 3,775,827 134,355 135,737 269,918 251,335 267,180 1.6 3-2 2.4 89,792 881,155 100,109 Bills payable and rediscounts with Federal Reserve Banks: Ratio of b i l l s payable and rediscounts with Federal Reserve Banks C. ^Including Victory notes 118,334 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 /, 1924; n o t e a r l i e r . gt( PRINCIPAL RESOURCE AND LIABILITY ITEMS OF ALL REPORTING- MEMBER BANKS IN EACH- FEDERAL RESERVE DISTRICT AS AT CLOSE OF BUSINESS, jybcn, £jf 1Q24 ( i n t h o u s a n d s of d o l l a r s ) Federal Number of Loans and Secured Reserve D i s t r i c t reporting banks discounts, gross: by U.S.Govt, oblig. Boston New York- Phila. 43 110 55 12,546 91,327 12,348 Cleve, 79 Rich. 76 24,563 8,993 Atlanta 37 U» S, L i b e r t y bonds U« S. Treasury bonds U* S, Treasury notes u. S, C e r t i f i c a t e s of Indebtedness Other bonds, stocks and securities 12,782 79,532 4,560 20,917 5,272 169,861 48,900 10,679 476,235 45,387 22,515 2,675 428,752 40,715 48,275 St.Louis Minn. Kans.Cy. Dallas 35 26 . 73 52 9,011 32,840 9,709 66,470 _ 601,251 146,764 856,630 4 , 1 9 9 , 1 0 1 624,243 1 , 1 1 7 , 1 6 0 461,192 427,454 U- S* Pre-war bonds Chicago 105 1,76s,842 3,798 44,592 6,0b4 85,594 3.105 64,487 110,365 l4,76l 14,617 5,420 2,270 1,879 99,314 12,608 54,760 12,902 6,311 117,239 5,255 6,099 1,851 1,793 21,523 6,983 1,482 2,984 7,088 781,626 185,073 309,385 52,339 39,576 337,566 90,292 25,445 55,217 14,127 25.856 12 797 227 401 190^77 3,804! 138 467,94s 235,533 414,428 281,347 1,020,283 11,874,221 28,472 26,882 24,770 San Fran. Total 68 759 14,981 9,076 23,543 14,245 6,158 6s 0 16,624 29,081 11,353 19,780 37,691 12,74s 2,113 2,997 15,422 14,854 Total loans and discounts and. investments 23,412 12,887 36,337 272,741 1,030,128 76,762 79 3,9 14 15,579 101,765 89,069 159,673 2,220,200 1,149,574 5,9^2,985 914,027 1,651,464 585,90s 506,391 2,352,362 626,529 315,542 540,652 352,057 1,362,240 16,369,731 Reserve balance with F.R.Bk. 54,160 660,199 68,702 1 1 3 , 9 3 32,316 34,174 199,974 42,252 18,883 47,731 26,549 84,661 1,418^99 Cash in vault 19,516 81,079 15,°26 Met demand deposits 795,516 4,794,581 659,672 Time deposits 282,199 9 02,744 130,708 12,18 3 30,943 9,911 Government deposits Bills payable and rediscounts with F, R, Bank s r ~ . -'-9, 1C-S' 12,825 10,782 53,647 7,3^5 6,4&6 12,437 22,009 280,079 884,297 328,793 280,192 1,492,479 350,170 202,58 ? 404,223 238,368 734,157 11,165,035 627,521 157,379 176,520 586,895 4,181,639 13,021 124,088 17,042 4,106 S : 5,763 808,84? 20>,913 84,059 131,135 91,719 12,831 4,186 1,325 g i t 9,198 > v i $ 1,461 5,316 $ : S Released for publication Friday afternoon, March 7, 1924; not e a r l i e r . PRINCIPAL RESOURCE AND LIABILITY ITEMS OF REPORTING MEMBER BANKS IN F. R. BANK AMD BRANCH New York City Feb. 27 Feb, 20 Number of reporting banks 67 67 Loans and discounts, gross: Secured by U. S, Government oblig. 83,741 80,522 Secured by stocks and bonds 1,384,954 1,432,528 All ether loans and discounts 2,216,620 2,217,575 Total loans and disccunts S, Pre-war bonds S„ Liberty bonds S. Treasury bonds S, Treasury notes (In thousands of dollars) All F, B. City of Chicago Bank c i t i e s Feb, 27 Feb. 20 Fe b. 27 Feb. 20 48 48 25 5 254 24,700 438,868 649,005 25,803 153,592 435,516 2,639,114 636,099 4,851,565 S t . 3968c CITIES AND IN OTHER SELECTED CITIES F. R. Branch c i t i e s Feb. 27 Feb. 20 202 202 Other selected c i t i e s Feb. 27 Feb. 20 302 302 154,870 2,685,631 38,829 40,114 34,950 34,244 642,593 635,214 522,431 527,781 4,844,115 l,b20.881 1,634,767 1,370,236 1,389,735 7,684,616 2,302,303 2,310,095 1,927,647 1,931,810 88,376 75,158 74,437 106,652 109,917 627,378 236,615 236,220 167,601 167,543 39,698 18,079 18,207 19,343 19,633 598,4i6 135,202 136,486 67,062 67,804 64,139 26,557 27,112 10,6o4 11,261 1,165.580 602,185 599,650 444,786 442,410 3,685,315 3i,730,625 1,113,173 1,100,418 7,644,271 37,946 4,181 38,257 4,232 90,931 412,508 410,620 42,468 40,924 625,912 15,162 15,369 5,092 5,104 39,340 400,197 405,934 78,066 80,851 591,650 U. S, Certificates of indebtedness 22,468 22,993 14,058 15,074 64,6c4 Other bonds, stocks, and securities 565,105 562,561 160,247 156,559 1,173,229 Total loans and discounts and investments 5,139,226 5,185,834 1,417,285 1,403,162 10,229,937 10,268,203 3,396,099 3,402,207 2,743,695 2,750,378 Reserve balance with F, R, Bank 615,867 580,947 137,298 150,723 1,008,550 994,650 243,413 238,903 166,936 164,477 Cash in vault 66,784 68,667 27,961 2 7,486 141,328 143,220 61,234 60,309 77,517 77,130 Net demand deposits 4,300,319 4,329,927 997,819 1,002,672 7,590,712 7,636,510 1,923,300 1,944,878 1,651,023 1,654,090 Time deposits 604,789 610,267 372,318 373,970 2,027,624 2,026,065 1,261,322 1,256,403 892,693 893,512 Government deposits 33,974 33,974 6,241 6,241 80,172 80,169 34.190 35,015 9,726 9,734 P a yable and rediscounts with ^ Bank: Secured by U»S,Govt, obligations 67,825 59,600 800 2,100 91,072 80,665 48,340 All otter 3,502 36,038 23,209 19,034 601 5,532 969 59,961 62,961 35,660 35,894 39,210 35,500 ^ payable and rediscounts with F. R. Bank to total loans and investments, per cent 1,4 1.3 ,1 1.5 1.4 2,5 2. 1 2,3 2,0 C. U. U« U. U.
@FedFRASER