Full text of H.4.2 Weekly Consolidated Condition Report of Large Commercial Banks in the United States : May 16, 1927

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3TATEI3HT

TBf: PRESS
St. ;371
Federal Reserve Board,
Mry I S , 1 9 2 7 .

For i m m e d i a t e r e l e a s e

C0H0ITI0H 0 ? YE'ISER 3/JiKS IN I^ADI3G CITIES
Tne F e d e r a l R e s e r v e B o a r d 1 s c o n d i t i o n s t a t o m e . i t of 069 r e p o r t i n g member b a n k s
i n l o a d i n g c i t i e s a s of May 11 shows a d e c l i n e of $ 3 5 , 0 0 0 , 0 0 0 i n l o a n s and d i s c o u n t s a n d a n i n c r e a s e of $ 2 7 , 0 0 0 , 0 0 0 i n i n v e s t m e n t s .
T h e s e c a a n g e s were aecomp a n i e d w i t h i n c r e a s e s of $ 4 1 , 0 0 0 , 0 0 0 i n n o t demand d e p o s i t s a n d $ 2 2 , 0 0 0 , 0 0 0 i n
t i m e d e p o s i t s , and d e c l i n e s of $ 2 7 , 0 0 0 , 0 0 0 a n d $ 7 6 , 0 0 0 , 0 0 0 i n Government d e p o s i t s
and "borrowings f r o m t h e F e d e r a l r e s e r v e b a n t u , r e s p e c t i v e l y .
Member b a n k s i n New
Tone C i t y r e p o r t e d an i n c r e a s e of $ 2 0 , 0 0 0 , 0 0 0 i n i n v e s t m e n t s , and d e c l i n e s of
;pL:-S,vOO,000 i n l o a n s a n d d i s c o u n t s , of ( f l o , 0 0 0 , 0 0 0 i n n e t demand d e p o s i t s and of
$22,000,000 i n borrowings from the Federal r e s e r v e bank.
L o a n s on s t o c k s and b o n d s , i n c l u d i n g U n i t e d S t a t e s Government o b l i g a t i o n s ,
were $ 0 2 , 0 0 0 , 0 0 0 below t h e t o t a l r e p o r t e d on May 4 , a s l i g h t l y l a r g e r d e c l i n 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 Hew York d i s t r i c t .
"All o t h e r n l o a n s and d i s c o u n t s i n c r e a s e d 6 2 7 , 0 0 0 , 0 0 0 d u r i n g t h e w e e k , of w h i c h 4 2 0 , 0 0 0 , 0 0 0 was a t b a n k s i n t h e
Hew f o r k d i s t r i c t .
L o a n s t o b r o k e r s a n d 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 b a n k s i n Hew York C i t y w e r e $ 5 , 0 0 0 , 0 0 0 b e l o w t h e May 4 t o t a l ,
l o a n s f o r t h e i r own a c c o u n t h a v i n g d e c l i n e d $ o Q , 0 0 0 , 0 0 0 , w h i l e l o a n s f o r a c c o u n t
of o u t - o f - t o w n b a n k s a n d f o r o t h e r s i n c r e a s e d $ 3 4 , 0 0 0 , 0 0 0 and $ 3 0 , 0 0 0 , 0 0 0 , r e s p e c tively.
H o l d i n g s of U n i t e d S t a t e s s e c u r i t i e s i n c r e a s e d $ 3 3 , 0 0 0 , 0 0 0 , of w h i c h
$ 1 9 , 0 0 0 , 0 0 0 was r e p o r t e d b y b a n k s i n t h e How York d i s t r i c t .
H o l d i n g s of o t h e r
b u n d s , 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 .'c,000,000 a t b a n k s i n the Chicago d i s t r i c t
and $ b , 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 .
-Tot demand d e p o s i t s were $ 4 1 , 0 0 0 , 0 0 0 above t h e amount r e p o r t e d on Key 4,
i n c r e a s e s b e i n g r e p o r t e d f o r a l l d i s t r i c t s e x c e p t Hew York, C l e v e l a n d and D a l l a s .
Time d e p o s i t s w e r e $ 2 2 , 0 0 0 , 0 0 0 l a r g e r t h a n a week e a r l i e r a t a l l r e p o r t i n g b a n k s
and 3 2 0 , 0 0 0 , 0 0 0 l a r g e r a t b a n k s i n t h e San F r a n c i s c o d i s t r i c t .
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 wore r e d u c e d $ 7 6 , 0 0 0 , 0 0 0 ...uring
t h e w e e k , of w h i c h $ 2 6 , 0 0 0 , 0 0 0 was r e p o r t e d by b a n k s i n t h e Hew York d i s t r i c t , and
$ 2 4 , 0 0 0 , 0 0 0 a n d $ 1 8 , 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 c i s c o d i s t r i c t s ,
respectively.
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 a n d t h e y e a r e n d i n g May 1 1 , 1 9 2 7 , f o l l o w s :
Increase

or

decrease

Week
L o a n s 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 b y s t o c k s and b o n d s
. .
All other

Year

.

- $35,000,000

+ $487,OOO,OOO

.

-

+ 293,000,'00

Investments, t o t a l
. .
U. S. 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
R e s e r v e b a l a n c e s w i t h F . R. 3 a a ' : s
Cash i n v a u l t

d u r i n-.,

. .

b2,000,000

+

27,000,000

+

27,000,000

14,000,000

+

208,000,000

+ 33,000,.coo

+

+

2dg,000,000

6,000,000

+

215,000,000

-

+

48,000,000

5,000,000

+

-

72,000,000
43,000,000

16,000,000

Met demand d e p o s i t s . .
Time d e p o s i t s
Government d e 0 0 s i t s . .

+ 41,000,000
+ 22,000,000
- 27,000,000

+ 175,000,000
+ 565,000,000
- 91,000,000

T o t a l b o r r o w i n g s f r o m P . R. Ban/is . .

-

+

C.



76,000,000

13,000,000

—ERI MCI PAL i&SvllitCSS HMD

Ui lOt'uBLL'IbiGr ivE'v-BtiR B'i¥R3 I J jJtUiDlrfC
( i n t h o u s a n d s of d o l l a r s )
Reporting
All r e p o r t i n g member b a n k s
i n New
: 'ay 11 | ?'ay 4
Kay 12
Hay 11
1926
1927
1927
! 1927

Number cf r e p o r t i n g b a n k s L o a n s and. d i s c o u n t 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 b o n d s - - - - - A l l e 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 - - - - - - - - T o t a l l o a n s and i n v e s t m e n t 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 - - - - - - - - - - - - - Net demand d e p o s i t s Government d e p o s i t s -

669

153,939
1^4,414
5>588,559 5 , 6 5 0 , 3 3 5
8,700,433 *g,c79,2ti0

705

2,635,222 2,601,894
3,323,290 3,329,014
5,953,512 5,930,,908
2 0 , 4 0 7 , 4 9 3 *20, 4 l 4 : ,947
1,674,337 1,723,,298
261,,323
266,627
13,197,735 13,156:,883
6,124,342 6,102 ,600
129,473
156:,086
3,235,475

Total
On demand
On t i m e




54

45

59

14,569
564,465
703,018

1d7,9HS
57,224
53,855
56,37S
5 , 2 9 5 , 2 0 8 1 , 9 9 6 , 8 3 5 2 ,063,138' 1 , 9 4 4 , 6 6 3
8 , 4 9 5 , 1 5 3 2,562,933 _2 , 5 4 1 , 3 6 5 2 , 3 7 2 , 1 3 8

1 , 2 0 5 : ,648
3,341-:,532

2,563,493

979,098

3,106,698 921,899
5,670,191 1,900,997

956,931

919,0151

594,442!
1 ,350,395 1,314,057

19,631,545 6,517,143 6 , 5 4 3 , 1 2 2 6 , 1 9 0 , 7 1 3

1,632,065 i
282,488

708,197
58,993

741,358
53,243

13,022,956 5,154,341 5,171,922
949 , 6 I 4
951,033
5,559,015
44,510
220,111
37,427
-

B i l l s payable and r e d i s c o u n t s "fith 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 - - - 133,056
249,,126
170,904
All other - - - - - - - - - - - - - 102,233
98,351
113,254
T o t a l b o r r o v / i n ^ s f r o m F . R. Banks- - - - - deb,40 7
3^ 2,,380
273,187
L o a n s t o b r o k e r s a n d d e a l e r s ( s e c u r e d b y s t o c k s and b o n d s ) made b y r e p o r t i n g
member b a n k s i n "Mew York C i t y :
F o r own a c c o u n t
For a c c o u n t of o u t - o f - t o w n b a n k s . . .
For a c c o u n t of o t h e r s

C.

54

member b a n k s
York C i t y
'ey 12
/lay 4
1926
1927

46

45
14,423
659,157
716,174

20,487

608,4n
702,148

14,4113,9-31 s 4,48 4,039 13, $61,35% 4,616,151 4 ,6627227 4,376,656|iJ87.052 1,389,75% 1,331,046

1,176,179
Duo t o b a n k s - - - - - - - - - - - - - - - -

669

;ieci :vvv- i .
S t . S371a
R e p o r t i n g member b a n k s
i n Chi c % o
May 4
May 12
May 1 1
192b
1927
1927

101,691
111,197
1 , 1 0 3 , 5 8 4 1 ,167,82s
77,350
26,374
103,724

90,200
35,659
125,85°

681,870

65,222
5,060,270
824,353

39,057

100,410

1,052,136
57,125
9,230

170,210
200,063
398,012
370, 273
1 , 7 3 3 , 3 6 3 1,737,766 1,701, 319
161, 332
171,643
172,841
21, 0 2 4
2
0
,
4
8
6
19,574
1,213,094 1,220,074 1,177, 730
501, 395
527,432
528,191
8 , 514
8,020
9,679
!
1 6 7 , 236
lb9,45 i
173,173
3
8 0 , 208
350,169
376,170

6 6 , 3 5 5 !!

909,632 9 7 3 , 5 8 8
1,216,510 1 , 1 3 2 , 3 0 1

333,427
1,056,234
788,303 _ 750,947
535,56Q

2,914,945 2 ,919,926 2,430,250
2 , 1 9 5 , 2 3 3 2 ,204,321 1,737,69s
715,605
7^2,532
719,662

187,778
208,533
396,311

131,454

9,395
2,402

21,530
5,653
27,233

12,297

216,553

^Revised f i g u r e s .

4,634
5, 250
9, 354'

?or immediate r e l e a s e

S t . 5371b
RES0U30F-S U D LIABILITIES OF ALL REPORTING- iiMBSH B A H S I I EACH FEDERAL SESEHl/E DISTRICT AS AT CLOSE OF BUSIITSSS, : AY 1 1 , 1 9 2 7 .
( I n t h o u s a n d s of d o l l a r s ' )
serve D i s t r i c t
Bostoi
New York
Phi l a .
Clove.
Ricli. A t l a n t a
Chi c ago S t . L o u i s I ' i n n . K a n s . C y . D a l l a s San F r a n .
10tal
ifenbor of roi , - r t i n g banks
36
4q
92
71
67
34
97
31
24
65
45
58
669
Lo an s ar d d.i. &c on r± i. s t
SecjrrJ
U - 3 Govt
c-ovt. o h i i g .
7,036
58,938
9,331 ^20,297 5,057 5,403
20,335 4 , 4 2 3
3,775
4,373
2,779
11,192
153,939
Soeu.ro4 by s t o c k s a n d b o n d s 3 2 4 , l o g 2 , 3 2 3 , 5 4 5 3 3 9 , 8 5 3
017,034 1 5 1 , 0 5 5 1 0 5 , 7 1 7
883,667 195,641 76,754 1 1 4 , 0 3 2 81,811 3 2 5 , 4 4 7 5 , 5 2 3 : 5 5 9
A l l o v h o r l o a n s & d i s c o u n t s 635 717 2 , 9 1 5 , 8 75 3 9 0 , 2 8 9
7 8 9 , 7 9 4 3 5 6 , 9 9 4 3 9 1 , 9 9 1 1 , 2 7 b , 1 7 7 294,195 147,775 300,Qgp 230.
T o t a l l o a n s and d i s c o u n t s
Investments:
T
J. S. Government s e c u r i t i e s
Other oonas, stocks & secur
Total in; ostmonts

toy,

i . ^ b , L ( ( 294,195 147,775 300,980 230,887

900,921 5,298,158

8.7q6,483
7 8 9 , 9 7 8 1,427,125 513,136 5 0 3 , m 2,180,679 494,259 228,304 419,335 315,477 1,312,448 i 4,448,981

428,230 2,323,329

390,561

653,561 145,920 109,691

778,329 206,790 121,471 206,692

975,809

86,184

507,754
T o t a l l o a n s and i n v e s t m e n t s 1 , 3 3 5 , 1 5 1 7 , 6 2 1 , 4 3 7 4 1 3 0 , 5 3 9 2 , 0 8 0 , 6 3 6 6 5 9 , 0 5 6 6 1 2 , 8 0 2 2 , 9 5 9 , 0 0 8 7 0 1 , 0 4 9 3 4 9 , 7 7 5 6 2 6 , 0 7 7 4 0 1 , 6 6 l 1,820 , 202
Reserve b a l a n c e s with F.B.Bk. 98,235
770,543
78,640 131,547 40,821 40,690
250,542 47,669 22,866 54,013 29,237 1 1 0 , 0 8 4
Casn i n v a u l t
19,320
73.087
15,/37
29,550 1 3 , 9 5 8 1 1 , 5 9 1
45,624 7,945 5,900 12,315 9,950
21,650
Not demand d e p o s i t s
906 , 429 5,765,188 774,080
., .
1,049,810 381,159 337,489 1,817,116 Uo6,6^5 204,077 48Q.584 270,723 7 8 6 , 4 7 5
Tin:: d e p o s i t s
434,2^9 1, '!01 ; 082 264,553
903,316 2 2 1 , 9 9 2 2 3 7 , 2 1 3 1,080,688 2 3 6 , 3 7 7 126,424 151,193 107,844
959,421
Govornmonc d e p o s i t s
13,065
39,645
15,110
10,204 4,785 6,731
13,645 3,621 1,026 1,750
4,256
15,635
Due f r o m b a n k s
50,489
142,445
b0,579
103,730 53,951 71,788
256,860 53,382 49,580 111,452 63,364 153,009
Due t o b a n k s
48,221 1,164,547 1 7 3 , 4 9 0
247,132 114,716 114,861 521,569 i 4 i t m 33,546 204,156 9 2 , 5 7 4
223,552
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, a . B a n k :
Secured by U . S . G o v t , o b l i g . 1 2 , 1 8 0
89,114
6,385
24,952
3,466
3,582
21,345 5 , 8 9 0
4,101
2,305
1,210
13,52b
111 o t h e r
10,302
26,455
3,926
7,234
3,527 15,834
7,46o
4,535
310
110
5,54i
13,017
Total borrowings from
F. E. Bank
C.




22,482

115,569

10,311

32,236

6,993 19,416

28,805

10,475

2,615

9,642

1,320

26,543

5,958,512
20,407,493
1,674,337
266,627
13,197,735
6,124,342

129,473

1,176,179

3,255,475
188,056
98,351

280,4o7