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STATE;,1ENT FOB THE PRESS S t . 5355 F e d e r a l Reserve Board, May 2, 1 9 2 7 . i?or i m m e d i a t e r e l e a s e COI'DITION OF MEK3BR BAMS IM LEADING- CITIES The F e d e r a l R e s e r v e B o a r d ' s c o n d i t i o n s t a t e m e n t of S j O r e p o r t i n g member b a n k s i n l e a d i n g c i t i e s a s of A p r i l 27 shows i n c r e a s e s t £>r t h e week of $ 3 7 , 0 0 0 , 0 0 0 i n l o a n s and d i s c o u n t s , $ 5 7 , 0 0 0 , 0 0 0 i n i n v e s t m e n t s , $ 5 3 , 0 0 0 , 0 0 0 i n t i m e d e p o s i t s , and of 3 2 3 , 0 0 0 , 0 0 0 i n "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 k s . Member b a n k s i n Sew York C i t y r e p o r t e d i n c r e a s e s of $ 1 4 , 0 0 0 , 0 0 0 i n l o a n s and d i s c o u n t s , $ 1 9 , 0 0 0 , 0 0 0 i n i n v e s t m e n t s , $ 4 4 , 0 0 0 , 0 0 0 i n n e t demand d e p o s i t s , a n d $ 1 9 , 0 0 0 , 0 0 0 i n b o r r o w i n g s f r o m the Federal r e s e r v e bank. Loans 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 , w e r e 357»000,000 above t h e t o t a l r e p o r t e d on A p r i l 20, i n c r e a s e s of , 2 7 , 0 0 0 , 0 0 0 b e i n g r e p o r t e d b y b a n k s i n t h e New York d i s t r i c t and of $ 2 9 , 0 0 0 , 0 0 0 by b a n k s i n t h e C l e v e l a n d d i s t r i c t . " A l l o t h e r " l o a n s a n d d i s c o u n t s were $20,000,COO l e s s t h a n a week a g o , t h e p r i n c i p a l d e c l i n e s b e i n g a t b a n k s i n t h e Hew York a n d C h i c a g o d i s t r i c t s . 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 b y s t o c k s and b o n d s , m a d e b y r e p o r t i n g member b a n k s i n Hew York C i t y , were $ 5 , 0 0 0 , 0 0 0 above t h e A p r i l 20 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 i n c r e a s e d $ 2 4 , 0 0 0 , 0 0 0 , w h i l e l o a n s f o r o u t - o f - t o w n b a n k s and f o r o t h e r s d e c l i n e d $ 8 , 0 0 0 , 0 0 0 and $ 1 1 , 0 0 0 , 0 0 0 , r e s p e c t i v e l y . 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 d u r i n g t h e week by $ 4 6 , 0 0 0 , 0 0 0 , t h e b a n k s i n t h e New York d i s t r i c t r e p o r t i n g an i n c r e a s e of $ 3 5 , 0 0 0 , 0 0 0 and t h o s e i n t h e Chicago d i s t r i c t of $ 1 2 , 0 0 0 , 0 0 0 . H o l d i n g s 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 were i l l , 0 0 0 , 0 0 0 l a r g e r t h a n a week a g o . Met demand d e p o s i t s d e c l i n e d i n a l l F e d e r a l r e s e r v l ^ y u r ^ L ' * S x c e p t Hew York, B o s t o n and A t l a n t a , t h e s u b s t a n t i a l i n c r e a s e of $ 4 8 , 0 0 0 , 0 0 0 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 and of $ 9 , 0 0 0 , 0 0 0 b y b a n k s i n t h e B o s t o n d i s t r i c t b e i n g a l m o s t e n t i r e l y o f f s e t by d e c r e a s e s p r i n c i p a l l y i n t h e C l e v e l a n d , Kansas C i t y and San F r a n cisco d i s t r i c t s . Time d e p o s i t s were $ 5 3 , 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 , a s l i g h t l y l a r g e r i n c r e a s e of $ 5 5 , 0 0 0 , 0 0 0 b e i n g r e p o r t e d f o r b a n k s i n t h e C l e v e land 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 were , $ 2 3 , 0 0 0 , 0 0 0 l a r g e r t h a n on A p r i l 20, b a n k s i n t h e New York d i s t r i c t r e p o r t i n g a s l i g h t l y l a r g e r i n c r e a s e of $26,000,000. During t h e p e r i o d of d a y l i g h t - s a v i n g t i m e t h e combined f i g u r e s f o r a l l r e p o r t - . i:ig member b a n k s a n d f o r b a n k s i n New York C i t y and Chicago w i l l be r e l e a s e d a t 2 o ' c l o c k W a s h i n g t o n t i m e . The r e m a i n d e r of t h e s t a t e m e n t ' " i l l be i s s u e d a t t h e same t i m e i f r e a d y , or a s soon t h e r e a f t e r a s p o s s i b l e . 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 A p r i l 27, 1927> f o 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 Week Loans a n d d i s c o u n t s , t o t a l S e c u r e d by TJ. S« Govt. 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 . . . . All other 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. Banks Cash i n v a u l t . . C. + 291,000,000 20,000,000 + 117,000,000 57,000,000 + 348,COO,OOO 46,000,000 + 57,000,000 11,000,000 + 291,000,000 ~ . + . + . + 27,000,000 . . . -F + $404,000,000 4,000,000 57,000,000 . . + - . 4,000,000 Met demand de DO s i t s Time d e p o s i t s Government d e p o s i t s T o t a l b o r r o w i n g s f r o m F. R. Banks $37,000,000 Year + 41,000,000 - 12,000,000 10,000,000 + 212,000,000 53,000,000 + 533,000,000 10,000,000 - 75,000,000 23,000,000 - 20,000,000 PRINCIPAL RESOURCES AND LIABILITIES OF REPORTING MBMBER BAMS IN LEADING CIl'IES, ( 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 b a n k s A l l r e p o r t i n g member b a n k s i n New York C i t y Apr. 28 Apr. 20 Apr. 27 Apr. 28 Apr. 20 Apr. 27 1926 1927 1926 1927 1927 1927 Number of r e p o r t i n g b a n k s - - - - - Loans and d i s c o u n t s : S e c u r e d by TJ. 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 & b o n d s - - - - - - - - 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 - - - - - - - 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 - - - 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 - - - - - Gash i n v a u l t - - - - - - - - - - - - - - - Net 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 Due f r o m banks - - - - - - - - - - - - - - Due t o banks - - - - - - - - - - - - - - - - 670 671 706 54 54 59 45 45 46 15,786 12,813 16,421 bl,790 62,424 52,313 159,581 159,545 163,749 655,853 650,529 585,556 5 , 5 8 1 , 4 0 0 5 , 5 2 4 , 1 3 3 5 , 2 8 9 , 9 6 5 1,993,078 1,965,400 1,986,592 685,096 689,117 694,lb7 8 , 6 1 1 , 8 2 6 8 , 6 3 2 , 2 1 4 « 8 , 4 9 5 , 1 5 7 2,516,569 2,529,977 2,370,143 1 , 3 5 6 , 7 3 5 1 , 3 5 2 , 4 5 9 1 , 2 96,144 14,352,807 14,315,892 13,948,871 4,571,437 4,557,801 4,409,048 182, <398 172,453 164,349 895,045 946,319 9 1 4 , 8 3 0 2,533,270 218,362 203,743 221,458 887,681 9 3 6 , 9 1 7 925,132 3,042,865 368,092 390,820 4 0 4 , 4 5 6 5 , 5 7 6 , 1 3 5 1,871,451 1 , 8 5 1 , 7 4 7 1,782,726 20,276,584 20,182,908 19,525,006 5 , 4 4 2 , 8 8 8 6 , 4 0 9 , 5 4 s 6 , 1 9 1 , 7 7 4 1,761,191 1 , 7 4 3 , 2 7 9 1 , 6 5 4 , 2 3 6 158,173 169,165 1 7 5 , 7 9 2 674,650 711,897 708,47b 1,678,827 1,652,354 1,638,210 21,181 19,700 20,089 63,835 55,472 58,554 264,396 2b0,277 276,149 1 3 , 0 4 1 , 2 6 3 * 1 3 , 0 3 1 , 6 2 7 1 2 , 8 2 9 , 0 0 8 5 , 1 0 6 , 5 4 3 5,062,450 5 , 0 3 8 , 5 8 9 1,186,925 1 , 1 7 7 . 1 0 3 1 , 1 3 8 , 4 0 9 501,776 519,676 521,978 833,534 954,138 949,629 6,088,298 *6,035,670 5,555,469 9,342 1 0 , 3 2 8 10,97b 4 2 , 8 2 8 50,764 47,863 166,083 176,179 241,270 111,629 l 4 4 , 4 o i 1 4 5 , 3 8 2 1 6 1 , 3 9 8 109,775 109,751 1,139,996 1,159,245 366,957 351,872 353,888 1,110,512 1,098,048 1,073,359 3,182,369 *3,206,945 2,590,056 3,333,721 5,923,777 2,544,583 3,322,433 5,867,016 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.Banks: 81,732 43,150 51,600 *179,26l 191.337 189,456 S e c u r e d by U . S . Government o b l i g a t i o n s - l 4 , 6 6 5 13,151 25,427 1 1 4 , 2 5 5 9 6 , 5 8 1 * 83,798 All other - - - - - - - - - - - - - - - - 77,027 57,816 94,883 T o t a l b o r r o w i n g s f r o m F. R. Banks - - - 286,037 2&3,059 305,642 Loans 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 bonds) made by r e p o r t i n g 897,940 912,277 935.588 member b a n k s i n New f o r k C i t y : For own a c c o u n t 1 , 1 4 3 , 2 9 4 1 , 1 5 0 , 9 3 2 1,023,681 For account of o u t - o f - t o w n b a n k s 542.076 814.864 804,112 For account of o t h e r s 2,882,994 2,378,123 2,463,697 C, Total 2 , 1 8 1 , 8 7 5 2 , 2 0 1 , 9 9 7 1,672,651 On demand 676,126 791.046 701,119 On time . Fox i m m e d i a t e r e l e a s e S t . 5395a R e p o r t i n g member b a n k s i n Chicago Apr. 28 Apr. 20 Apr. 27 1926 1927 1927 20,433 6,495 26,928 21,955 3,719 25,684 *Ee v i s e d f i g u r e s . 6,420 2,211 8,631 For immediate r e l e a s e S t . 5355b PRINCIPAL RESOURCES AND LIABILITIES OF ALL REPORTING- MEMBER BAMS I I EACH FEDERAL RESERVE DISTRICT AS AT CLOSE OF BUSINESS, APRIL 27,192%. ( i n t h o u s a n d s 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 Hew York Phila. Cleve. 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 F r a n . Total Number of r e p o r t i n g b a n k s 36 92 4g 71 67 34 97 31 24 65 4$ 59 670 Loans and d i s c o u n t s : Secured by U.S.Govt, o b l i g . 7,4l6 64,366 10,005 19.361 4,680 5,428 22,479 4,46l 2,975 4,346 2,432 11,632 159,581 320,288 5 , 5 8 1 , 4 0 0 Secured by s t o c k s and bonds 330,143 2,324,851 395.507 617,671 151,737 105,860 8 7 3 , 9 4 4 193,264 76,710 1 1 2 , 7 5 2 78,673 A l l other l o a n s & d i s c o u n t s 629,743 2,868,646 383,995 781,518 358,882 3 8 9 , 3 3 1 1 , 2 4 3 , 2 2 3 295,638 1 5 1 , 3 b ! 302,153 236,613 970,723 8 , 6 1 1 , 8 2 6 Total 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,stocks & secur. Total investments 967,302 5,257,863 789,507 1 , 4 1 8 , 5 5 0 515,299 500,619 2 , 1 3 9 , 6 4 6 493,363 231,046 419,251 317,718 1 , 3 0 2 , 6 4 3 1 4 , 3 5 2 , 8 0 7 147,916 1,043,949 270,839 1 , 2 4 9 , 3 1 1 109,852 283,4o4 418,755 2,293,260 393,256 272,584 380,24o 71,44l 73,803 53,576 59,702 652,924 145,244 113,278 318,215 8 1 , 0 7 4 467,794 122,023 6 4 , 2 5 1 109,495 5 6 , 4 9 4 96,955 58,256 27,990 259,347 245,166 2,590,056 3,333,721 786,009 203,097 1 2 0 , 7 4 5 206,450 86,246 504,513 5,923,777 T o t a l l o a n s and i n v e s t m e n t s 1 , 3 8 6 , 0 5 7 7 , 5 5 1 , 1 2 3 1,182,763 2 , 0 7 1 , 4 7 4 66o,543 613,897 2,925,655 696,46o 3 5 1 , 7 9 1 625,701 403,964 1.,807,156 20,276,534 R e s e r v e b a l a n c e s w i t h F.R.Bk. 99,156 782,924 78,804 1 3 0 , 3 9 2 4o,468 4 0 , 9 0 0 244,885 47,176 23,373 53,936 3 0 , b l l 106,202 1,678,827 Cash i n v a u l t 19,378 71,923 15,386 29,181 13,678 11,908 45,194 7,413 6,009 12,485 10,038 21,803 264,396 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 901,557 5 , 7 1 2 , 2 2 1 430,341 1,412,538 16,710 50,709 Dae fromb anlcs 59.059 149,117 Dae t o banks 1 4 6 , 9 5 3 1,178,831 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 i i g . 1,095 65,044 A l l Other 2,726 25,742 Total borrowings from F . R. Bank C. 3,821 90,786 766,867 1 , 0 3 3 , 0 7 0 373,44O 3 3 5 , 3 0 3 1 , 7 7 1 , 7 5 5 399.670 205,492 488,677 282,116 262,044 9 0 1 , 2 5 4 221,670 235,845 1 , 0 7 0 , 6 0 3 235.493 125,631 150,159 106,531 19,366 13,082 6,195 8,774 17,484 4,639 L,4O6 2,224 5,453 58,39% 171,249 5^,021 6 4 , 9 5 5 244,217 108,702 107,158 111,639 229,438 53,421 493,863 1 3 7 , 3 5 2 4 6 , 0 6 2 108,588 85,672 202,422 771,095 1 3 , 0 4 1 , 2 6 3 936,189 6,088,298 20,041 166,083 64,895 94,602 l40,407 211,348 1,139,996 3,182,369 io,6lo 8,647 28,126 8,011 4,561 3,667 4,o66 15,873 29,133 15,062- 5,335 3,875 2,725 639 5,466 3,704 2,035 670 31,659 7.566 189,456 96,581 19,257 35,137 8,627 44,195 9,210 3,364 9,170 2,705 39.225 286,037 19,5^0
@FedFRASER