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STATEMENT FOB THE PRESS ^ ffor immediate r e l e a s e St. 5730 F e d e r a l Be serve Board, May 14, 1928'. CONDITION OF M6J3ER BANKS IN LEADING- C I T I E S The F e d e r a l Beuerve B o a r d ' s c o n d i t i o n statement of 643 r e p o r t i n g member "banks i n l e a d i n g c i t i e s as of May 9 shows d e c r e a s e s f o r t h e week of $53,000,000 i n l o a n s and d i s c o u n t s , of ;j>104,000,000 i n n e t demand d e p o s i t s , and i n c r e a s e s of $10,000,000 i n i n v e s t m e n t s , $37,000,000 i n time d e p o s i t s , and $22,000,000 i n borrowings from F e d e r a l r e s e r v e banks. Loans on s t o c k s and bonds, i n c l u d i n g U. S. Government s e c u r i t i e s , were •|4o,000,000 below the May 2 t o t a l a t a l l r e p o r t i n g b a n k s , d e c l i n e s of $64,000,000 i n the Hew York d i s t r i c t , 613,000,000 i n the Boston d i s t r i c t , and $9,000,000 i n the San F r a n c i s c o d i s t r i c t b e i n g p a r t l y o f f s e t by an i n c r e a s e of $34,000,000 i n the Chicago d i s t r i c t and of $6,000,000 i n the P h i l a d e l p h i a d i s trict. "All o t h e r " l o a n s and d i s c o u n t s were $3,000,000 below t h e amount r e p o r t e d a week ago. Holdings of U. S. Government s e c u r i t i e s , which show an i n c r e a s e of $1,000,000 a t a l l r e p o r t i n g b a n k s , i n c r e a s e d $13,000,000 i n the New York d i s t r i c t and d e c l i n e d $7,000,000 i n the Chicago d i s t r i c t . T o t a l 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 d e c l i n e d y i 0 , 0 0 0 , 0 0 0 i n the Chicago d i s t r i c t and i n c r e a s e d ?10,000,000 i n t h e New York d i s t r i c t , $6,000,000 i n the San F r a n c i s c o d i s t r i c t , and $9>000,000 a t a l l r e p o r t i n g banks. Net demand d e p o s i t s were $104,000,000 below the May 2 t o t a l a t a l l r e p o r t i n g banks, t h e New York and Boston d i s t r i c t s showing d e c l i n e s of $109,000,000 and $24,000,000, r e s p e c t i v e l y , and t h e Chicago d i s t r i c t an i n c r e a s e of $14,000,000. Time d e p o s i t s i n c r e a s e d $37,000,000 a t a l l r e p o r t i n g banks and $20,000,000 and $15>000,000, r e s p e c t i v e l y , i n the New York and Chicago d i s t r i c t s , and d e c l i n e d S3,000,000 i n the Cleveland d i s t r i c t . The p r i n c i p a l changes i n borrowings from F e d e r a l r e s e r v e b a n k s , which at P o r ^ n £ banks were $22,000,000 h i g h e r than a week ago, comprise i n c r e a s e s of $41,000,000 i n t h e New York d i s t r i c t and $11,000,000 each i n t h e Boston and Chicago d i s t r i c t s , and d e c r e a s e s of $14,000,000 i n the San F r a n c i s c o d i s t r i c t , $9,000,000 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 $6,000,000 each i n t h e Kansas C i t y and St. Louis d i s t r i c t s . r e A summary of 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 643 r e p o r t i n g member banks, t o g e t h e r with changes d u r i n g the week and the y e a r ending May 9, 1923, follows: ( i n thousands of d o l l a r s ) May 9 1923 I n c r o a s c or d e c r e a s e d u r i n g Wock Year Loans and i n v e s t m e n t s - t o t a l 22,543,365 - Loans and d i s c o u n t s - t o t a l 15,897,312 - Secured by IJ.S.Govt, 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 l o a n s and d i s c o u n t s Investments - t o t a l 136,394 6,326,745 o,934,173 6,646,553 U.S. Government s e c u r i t i e s Other b o n d s , s t o c k s and s e c u r i t i e s Be serve with F. B. Banks Cash i n v a u l t 3,024,745 3,o21,303 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 Due f r o m banks Due t o banks Borrowings from F. B. banks - t o t a l Secured by U.S.Govt, o b l i g a t i o n s A ll other 1,303,929 249,590 13,341,563 6,943,238 72,055 1,260,392 3,371,781 607,956 424,915 . 183,041 - - 43,657 + 2,041,252 53,437 22,706 23,062 7,669 + 1,401,019 17,529 + 1,075,820 + 343,02s + 9,780 + 640,233 + 912 3,063 12,039 3,331 + + 382,990 257,243 129,042 4* - + _ 104,292 4- 36,922 36,637 75.071 143,939 + 21,703 + - + + - — — - + + + 633 21,020 + + + 17,449 620,666 769,334 57,413 19,454 134,377 320,249 235,559 34,690 Federal .Reserve Board May 1 0 , 1928. Fey immediate r e l e a s e CONDITION OF WEEKLY REPORTING MESOER BA5KS IN 'CENTRAL RESERVE CITIES ( i n thou.sp.3wte ejf d o l l a r s ) NSW YORK - 46 BANKS Loans and i n v e s t m e n t s - t o t a l Loans and d i s c o u n t s - t o t a l Secured b y 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 Investments - t o t a l May 9 1928 May 2 1928 May 11 1927 7,551,132 6,517,148 5,534,194 5,602,257 4,616,151 82,480 2,746,116 2,120,027 J , 509,436 59,506 2,700,37S 2,773,310 2,773,661 56,378 2,439,746 1,975,242 1,948,875 1,900,997 1,081,992 1 , 0 6 3 , 9 8 4 893,250 884,891 979,098 921.899 778,856 51,872 797,279 49,227 708,197 58,993 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 5 , 5 7 4 , 9 6 7 5,694,651 1,185,238 1,164.585 32,325 21,187 5,154,341 949,6i4 37,427 Due f r o m b a n k s Due t o b a n k s 123,639 114,372 1,239,899 1,333,695 1,103,584 229,292 179,806 103,724 170,550 58,742 148,680 31.126 77,350 26,374 1,252,127 1,684,225 1,424,756 1,329,247 1,586,152 1,366,25s 1,216,510 4,381,108 4 , 2 8 1 , 6 5 7 2,914,945 3,324,777 1,03S,331 3,270,695 1,010,962 2,195,283 Loans and i n v e s t m e n t s - t o t a l 2,081,486 2,058,135 1,878,483 Loans and d i s c o u n t s - t o t a l 1,561,488 l,52b,742 1,434,364 15,365 795,892 750,231 • 14,389 765,151 747,202 14,853 703,639 519,998 531,393 444,119 233,617 286,381 236,725 194,311 249,808 194,421 16,844 187,263 17,843 172,841 19,986 1 , 2 8 3 , 8 7 2 X,280,37b 700,623 714,372 8,344 5,483 1,236,211 582,253 8,020 U. S, Government s e c u r i t i e s Other b o n d s , s t o c k s and s e c u r i t i e s Reserve w i t h F. R. Bank Cash i n v a u l t Borrowings f r o m F. R. bank - t o t a l Secured by U.S.Government o b l i g a t i o n s All other 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 b o n d s ) : For own a c c o u n t For account of o u t - o f - t o w n banks For a c c o u n t of o t h e r s Total On demand On time 101,691 909,632 788,803 719,662 CHICAGO - 43 BANKS Secured by TJ. 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 Investments - t o t a l U. S. Government s e c u r i t i e s Other b o n d s , stocks and s e c u r i t i e s Reserve w i t h F. R. Bank Cash i n v a u l t Net demand d e p o s i t s *ime d e p o s i t s Government d e p o s i t s Due f r o m b a n k s Due t o banks Borrowings f r o m F. R. Bank - t o t a l Secured by U.S.Government o b l i g a t i o n s All other http://fraser.stlouisfed.org/ C. Federal Reserve Bank of St. Louis 294,668 715,872 359,04l 185,674 379,856 173,621 378,099 60.412 33,901 12,297 53,483 28,918 4,933 9,895 2,402 160,014 6,929 ( S t . 5780a) For immediate r e l e a s e S t . 5780b PRINCIPAL RESOURCES MD LIABILITIES OF ALL REPORTING MEMBER BMKS I I EACH FEDERAL RESERVE DISTRICT AS IT CLOSE OF BUSINESS,MAT 9,1928. ( i n thousands of d o l l a r s ) F e d e r a l .Reserve D i s t r i c t Boston New York Total Cleve. Phi l a . Rich. A t l a n t a Chicago S t . L o u i s . Minn. Kans.Cy. D a l l a s San Fran. Loans & i n v e s t m e n t s - t o t a l 22,543,865 1,581,332 8,740,146 1,239,368 2,195,772 694,130 631,154 3,284,582 720,904 374,128 673,313 445,533 1,963,453 Loans and d i s c o u n t s - t o t a l 15,897,312 1,082,526 6,303,766 822,014 1,451,212 519,392 505,073 2,365,543 499,694 242,151 433,960 337,536 1,328,945 Secured by US Govt o b l i g . 136,39% Secured "by s t o c k s & bonds 6,826,745 All o t h e r l o a n s & d i s e t s 8,934,173 5,224 61,022 421,149 3,103,764 656,153 3,138,980 7,857 441,107 373,050 14,707 2,825 5,086 21,209 4,415 2,493 3,507 3,51% 655,302 177,036 128,003 1,046,970 204,548 65,585 125,457 87,149 781,203 340,031 371,979 1,297,364 290,731 171,068 309,996 246,873 6,646,553 493,306 2,436,380 417,354 744,560 174,238 126,081 919,039 221,210 131,977 234,353 108,047 4,530 367,670 956,745 634,50s U.S. Govt, s e c u r i t i e s 3,024,745 Other "bonds,stks. & secur .3,621,808 195,726 1,182,333 303,030 1,253,547 113,555 303,499 327,045 73,077 61,360 417,515 96,l6l 64,721 381,201 36,255 63,667 103,575 75,785 537,838 134,955 63,310 125,773 32,262 345,366 289,142 846,132 66,374 33,342 14,413 34,196 8,531 117,075 23,280 Investments - t o t a l Reserve with F. Rb Bank Gash i n v a u l t Net demand d e p o s i t s Time deposits. Government. d e p o s i t s Dae from banks Due t o banks 1,803,929 249,590 102,545 13,574 136,000 30,833 4l,0l4 41,558 11,997 10,895 271,439 43,313 40,307 7,313 25,120 56,690 5,704 11,309 13-.341,568 6,948,288 72,055 951,093 6,214,850 505,367 1,715,798 5,267 23,579 778,062 1,062,i46 367,826 336,406 1,374,935 405,033 217,531 500,35% 301,396 831,381 299,372 955,983 249,983 243,025 1,287,474 249,297 133,191 177,160 122,o4o 1,008,593 8,885. 1,793 1,540 1,692 3,025 9,357 5,164 2,439 5,364 3,945 1,160,892 3,371,781 491463 154,315 156,080 1,305,803 59,763 136,950 92,530 51,355 76,675 236,075 105,894 119,846 240,065 51,365 45,569 118,585 59,368 504,394 132,006 97,344 217,533 100,27s 161,339 209,073 Borrowings from FR B k - t o t a l 607,956 40,868 251,674 23,916 55,417 21,532 30,896 85,926 19,434 7,807 14,544 3,902 51,990 Secured by US Govt o b l i g . All o t h e r 424,915 133,041 14,693 26,175 192,i4o 59,534 16,505 7,411 33,191 5,372 15,939 17,226 15,660 14,907 69,233 11,254 16,693 8,230 5,340 2,467 7,445 7,099 2,403 1,499 45,350 6,l4o 643 - 36 79 49 24 64 45 56 Number of r e p o r t i n g banks C. 71 66 32 92 29
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