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STATEMENT FOn THE 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 , May 1 4 ; not e a r l i e r . S t . 494S F e d e r a l R e s e r v e Board, -'lay 1 3 , 1 9 2 0 . CONDITION OF MEMBER BANKS IN LEADING CITIES The F e d e r a l R e s e r v e B o a r d ' s w e e k l y c o n d i t i o n s t a t e m e n t of 7Q5 r e p o r t i n g membei b a n k s i n l e a d i n g c i t i e s a s of May 5 shews i n c r e a s e s of $5&, 0 0 0 , 0 0 0 i n l o a n s and dii c o u n t s , $ 1 8 , 0 0 0 , 0 0 0 i n i n v e s t m e n t s , $ 3 ^ , 0 0 0 , 0 0 0 i n n e t demand d e p o s i t s and $3S,000,000 i n borrowings from the Federal reserve banks. Member b a n k s i n New Yon C i t y r e p o r t e d i n c r e a s e s of $ 5 8 , 0 ^ , 0 , 0 0 0 i n l o a n s and d i s c o u n t s , $ 1 2 , 0 0 9 , 0 0 0 i n i n v e s t m e n t s , $7 , 0 0 0 , 0 0 0 i n n e t demand d e p o s i t s and $33 > COO, 000 i n b o r r o w i n g s f r o m t h e F e d e r a l r e s e r v e bank. Loans s e c u r e d by s t o c k s and bonds were $2Q, 0 0 0 , 0 0 0 h i gher t h a n a week a g o , 11 $ 2 0 , 0 0 0 , 0 0 0 of t h e i n c r e a s e b e i n g r e p o r t e d by b a n k s i n t h e New York d i s t r i c t . All o t h e r " l o a n s and d i s c o u n t s i n c r e a s e d $ 1 8 , 0 0 0 , 0 0 0 d u r i n g t h e week. The l a r g e r i n c r e a s e of $ 2 8 , 0 0 0 , 0 0 0 i n t h i s i t e m r e p o r t e d f o r t h e New York d i s t r i c t was o f f s e t i n p a r t by r e d u c t i o n s of $ 7 , 0 0 0 , 0 0 0 i n t h e P h i l a d e l p h i a d i s t r i c t and $ 6 , 0 0 0 , 0 0 0 each i n t h e B o s t o n and A t l a n t a d i s t r i c t s . 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 , s e c u r e d by s t o c k s and b o n d s , made by r e p o r t i n g member banks i n New York C i t y i n c r e a s e d $ 2 6 , 0 0 0 , 0 0 0 , l o a n s f o r t h e i r own a c c o u n t i n c r e a s i n g $ 7 7 , 0 0 0 , 0 0 0 w h i l e l o a n s f o r t b e a c c o u n t of o u t - o f - t o w n b a n k s were $ 1 6 , 0 0 0 , 0 0 0 and l o a n s f o r a c c o u n t of o t h e r s $ 3 5 , 0 0 0 , 0 0 0 b e l o w t h e amounts r e p o r t e d a week a g o . H o l d i n g s of U. S. s e c u r i t i e s were $ 6 , 0 0 0 , 0 0 0 and of o t h e r b o n d s , s t o c k s and s e c u r i t i e s $ 1 2 , 0 0 0 , 0 0 0 above t h e t o t a l r e p o r t e d a week a g o . Net demand d e p o s i t s i n c r e a s e d $ 5 2 , 0 0 0 , 0 0 0 , of w h i c h $-22,000,000 was r e p o r t e d by b a n k s i n t h e Chicago d i s t r i c t and $ 7 , 0 0 0 , 0 0 0 by t h o s e i n t h e B o s t o n d i s t r i c t . Time d e p o s i t s i n c r e a s e d $ 7 , 0 0 0 , 0 0 0 a t a l l r e p o r t i n g b a n k s and $ 6 , 0 0 0 , 0 0 0 a t banks in the Boston d i s t r i c t . The p r i n c i p a l c h a n g e s i n b o r r o w i n g s f r o m t h e F e d e r a l r e s e r v e b a n k s i n c l u d e i n c r e a s e s of $ 3 1 , 0 0 0 , 0 0 0 by b a n k s i n t h e New York d i s t r i c t , and $ 8 , 0 0 0 , 0 0 0 and $ 1 0 , 0 0 0 , 0 0 0 by t h o s e i n t h e C h i c a g o and San F r a n c i s c o d i s t r i c t s , r e s p e c t i v e l y . A summary of c h a n g e s 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 of r e p o r t i n g memb e r s d u r i n g t h e week and t h e y e a r e n d i n g May 5 , 1 9 2 6 , f o l l o w s : I n c r e a s e or d e c r e a s e Week Loans and d i s c o u n t s , t o t a l S e c u r e d by U . S . G o v ' t , o b l i g a t i o n s S e c u r e d by s t o c k s and bonds . . , All o t h e r Investments, t o t a l . U. S. s e c u r i t i e s O t h e r b o n d s , s t o 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 + Net demand d e p o s i t s Time d e r e s i t s Government d e r c s i t s T o t a l accommodation a t F. R. Banks Year + + $56,000,000 9,000,000 + $819,000,000 - 21,000,000 + + 29,000,000 12,000,000 + + 443,000,000 397,000,000 + 18,000,000 . during + 111,000,000 + 6,000,000 + 12,000,000 + 112,000,000 - 1,000,000 + 20,000,000 + 12,000,000 + 1,000,000 - 2,000,000 + + - 52,000,000 7 > 000,000 9 > 000,000 4+ + £8,000,000 464,COO,000 40,000,000 + 32,000,000 + 110,000,000 Through t h e c o o p e r a t i o n of r e p o r t i n g member b a n k s , t h e d a t e of i s s u e of t h i s s t a t e m e n t h a s b e e n a d v a n c e d t o Monday a f t e r n o o n a t t h r e e o ' c l o c k . The s t a t e m e n t f o r May 1 2 w i l l t h e r e f o r e be i s s u e d a t t h e F e d e r a l R e s e r v e B o a r d ' s o f f i c e s a t 3 p . m . , E a s t e r n S t a n d a r d Time, on Monday, May 1 7 , f o r i m m e d i a t e r e l e a s e . C. i 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 , May 14, 1 9 2 6 ; n o t e a r l i e r . S t . 4945a PRINCIPAL RESOURCES AND LIABILITIES OF REPORTING- MEMBER BANKS IN LEADING CITIES (In 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 All r e p o r t i n g member b a n k s i n New York C i t y •vlay 5 Apr. 28 May 6 -May 5 Apr. 22 j May 6 1926 1926 1925 1926 1926 1 1925 Nuir.ber of r e p o r t i n g nbariks - - - — - - - L o a n s and d i s c o u n t s , g r o s s : S e c u r e d by U. S. Government o b l i g a t i o n s S e c u r e d 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 - - - - - - - Investments: u . S. Government s e c u r i t i e s - - - - - - - Other bonds, s t o c k s and s e c u r i t i e s - - - - Total investments - - - - - - - - - - R e s e r v e b a l a n c e s w i t h F. R. Banks - - - - 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 705 172,301 5,318,982 8,513,461 59 59 65 193,354 57,233 52,313 71,488 4,575,929 2,008,062 1,986,592 1,993,543 5,115,969 2,401,540 2,370,143 2,236,604 46 46 21,105 581,318 697,H3 16,421 585,5^6 694,167 46 23,637 538,895 699,601 2,539,257 2,533,270 2,539,86b 1 905,449 895,045 905,455! 165,8.92 164,349 175,243 3,055,208 3,042,805 2,943,332) 859,364 887,681 905,3bb| 205,114 203,743 191,474 5,594,4b5 5,576,135 5,483,19811,794,813 1,762,720 1,810,821) 371,006 368,092 36b,717 19,599,209 19,525,006 15,068,450 6,201,648 6,191,774 0,112,546 1,070,542 1,664,236 1,628,850 152,576 158,173 17b,320 1,057,721 1,638,210 l,o46,04o 690,639 7H,897 696,079 20,876 21,181 26,720 64,65o 63,835 62,291 276,752 276,149 278,749 12,581,714 12,529,008 12,793,580 5,045,593 5,038,589 5,115,530 1,100,974 1,138,409 1,134,165 502,690 501,776 450,058 5 , 5 6 2 , 2 0 8 5 , 5 5 5 , 4 6 9 5 , 0 9 8 , 4 2 3 !i £ 3 5 , 9 6 2 533,534 825,758 B i l l s p a y a b l e and r e d i s . w i t h F . R. Banks: S e c u r e d by U . S . G o v e r n m e n t o b l i g a t i o n s All o t h e r - - - - - - - - - - - - - T o t a l b o r r o w i n g s f r o m F . R. Banks - - 163,749 5,289,965 8,495,157 736 14,004,744 13,948,571 13,165,252|4,466,635 4,409,045 4,301, 7 2 5 | l , 2 9 9 , 5 3 b 1,296,144 1,262,133 - - - - - - - - - - - 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 member banks i n New York C i t y : For For For 706 R e p o r t i n g member b a n k s i n Chicago May 5 A p r . 28 j May 6 1926 1926 1925 231,747 240,527 191,909 41,113 42,525 33,489 8,903 9,342 14,939 222,146 121,490 191,387 114,255 132,053 101,231 113,950 13,897 51,732 13,151 59,550 32,118 5,040 4,728 6,420 2,211 1,300 1,056 343,636 305,642 233,284 127,847 94,883 91,665 9 , 765 8,631 2,356 s t o c k s and bonds) made by r e p o r t i n g own account a c c o u n t of o u t - o f - t o w n banks account of o t h e r s Total 9?4,957 897,940 1,007,731 1,023,681 $06,703 542,O76 2,4»9,391 2,463,697 •Released f o r p u b l i c a t i o n Friday afternoon, May 14, 1926; not e a r l i e r . st 454^ PRINCIPAL RESOURCES ANT LIABILITIES 0* ALL REPORTING MEMBER BANKS IN EACH FEDERAL RESERVE DISTRICT AS AT CLOSE OF BUSINESS ""AY 5 1Q2(In thousands of d o l l a r s ) " ' ' y rrBEEE-: T-rr- °t T : EEFEES. itiigJ - j gg s-S J.B si i;S M1II Si sIS - Total . o a n s ana d i s c o u n t s Investments: oiJ; Z ™ ™ 1 5 s e c a n t 13s Total investments -af/ n V ! U i° 8 ^82,613 5 , 0 8 4 , 4 5 0 1 5 6 , 6 M 1 '°'1'"53 £3?, o^3 1,191,927 3 9 5 , ^ 9 5 2,213,185 . 120,703 79,302 demand d e p o s i t s 890,222 3 , 6 2 6 , 0 7 8 lme d e p o s i t s 417,110 1 , 2 4 9 , 1 7 0 Government d e p o s i t s 37,309 46,041 B i l l s p a y a b l e ana r e d i s c o u n t s w i t h F. K. Bank: cs-60Tt0Ml8 ' ' 'w Total borrowings from F. R. Bank 5,674 141,026 791,681 1 , 3 4 3 , 4 9 b 524,983 511,355 2 , 0 7 7 , 8 0 4 526,407 2 3 2 , 5 7 0 420,177 303,363 1 , 2 0 0 , 8 4 5 1 4 , 0 0 4 744 102 '952 252,963 355,915 15,920 be,,42 43,^6 311,150 55,9.2 71.037 113, J 5 5 53 ,6n 25s,153 344,498 62,446 56,998 o26,357 129,088 1 0 0 , 6 4 4 439,22^ 107,187 43,388 8 1 , 2 4 4 24,157 750,372 167,179 1 1 4 , 4 2 5 193,599" 77,768 212,485 3 O55 208 470,6i8~i™594~465 3 49,192 20,936 °'?6s 13,295 11,159 8,090 5,852 12,015 9,720 778,334 1 , 0 1 6 , 7 1 9 365,155 350,001 1 , 7 4 6 , 4 0 2 412,601 213,919 472,713 264,111 227,607 804,763 206,042 221,151 1 , 0 3 4 , 9 9 3 215,643 I 0 g , 2 9 4 1 46,433 100,489 28,199 28,337 8 , 9 4 7 11,399 20,763 7,819 4,039 7,974 6,968 28,242 16,516 18,894 42,108 13,623 4,127 12,303 4,671 276^752 745,459 12,881 714 830,^07 5 %2 20g 23,952 ita iff, ^ d® r& ?•% ?g: s 11,577 2,539,257 ' 44,875 ^ — 343,636 •->%%"&•£ "iS g JS g K 511 S:,'! S g SS >& • BACKERS' BALANCES OF REPORTING MEMBER BANKS IN FEDERAL RESERVE BAM CITIES C.
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