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STATEMENT FOR THE PRESS Released f o r p u b l i c a t i o n Friday a f t e r n o o n , May 22j not e a r l i e r . S t . 4533 F a d e r a l Reserve Board, May 21, 1925* CONDITION OF MEMBER BANKS IN LEADING CITIES Changes d u r i n g t h e wselt in t h e c o n d i t i o n of J } 6 r e p o r t i n g number banks i n l e a d i n g c i t i e s , as shown by the Fad oral Reserve Board's c o n s o l i d a t e d statement issued as of May 13, i n c l u d e d e c r e a s e s of $19,000,000 i n loans and d i s c o u n t s , of $35>000,000 i n i n v e s t m e n t s , and of $74,000,000 i n borrowings from the Federal r e serve banks, t o g e t h e r w i t h i n c r e a s e s of $22,000,000 i n net demand d e p o s i t s and of $36,000,000 i n t^me d e p o s i t s . The New York C i t y members reported r e d u c t i o n s of $39,000,000 i n l o a n s and d i s c o u n t s , of $33,000,000 in investments, of $37,000,000 i n n e t demand d e p o s i t ' s and of $51,000,000 i n borrowings from t h e F e d e r a l r e s e r v e bank. Loans on s t c c k s and bonds f e l l o f f $63,000,000 i n t h e New York d i s t r i c t , and $10,000,000 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 , t h e s e d e c r e a s e s being o f f s e t i n p a r t by an i n c r e a s e of $21,000,000 i n t h e Chicago d i s t r i c t . "All o t h e r , " l a r g e l y commerc i a l , l o a n s and d i s c o u n t s went up $20,000,000 in the New York d i s t r i c t , $6,000,000 in t h e P h i l a d e l p h i a d i s t r i c t and $5,000,000 i n the S t . Louis d i s t r i c t . Investments i n U. S. s e c u r i t i e s show but nominal changes d u r i n g the week. Investments i n o t h e r bonds, s t o c k s and s e c u r i t i e s f e l l o f f $44,000,000 i n the New York d i s t r i c t and remained p r a c t i c a l l y unchanged a t r e p o r t i n g banks i n o t h e r districts. I n c r e a s e s i n n e t demand d e p o s i t s of $27,000,000 i n t h e Chicago d i s t r i c t , of $16,000,000 in t h e San F r a n c i s c o d i s t r i c t and $14,000,000 i n t h e Boston d i s t r i c t were p a r t l y o f f s e t by a d e c l i n e of $31,000,000 i n the New York d i s t r i c t . Of the i n c r e a s e of $36,000,000 in time d e p o s i t s , $17,000,000 was r e p o r t e d by banks in. t h e New York d i s t r i c t and $11,000, 000 by banks in t h e Chicago d i s t r i c t . The p r i n c i p a l change,; in borrowings from t h e Federal r e s e r v e banks was a dec r e a s e of $58,000,000;. reported f o r t h e New York d i s t r i c t . A summary of changes in t h e p r i n c i p a l a s s o t s and l i a b i l i t i e s of r e p o r t i n g members d u r i n g t h e week and the y e a r ending May 13, 1925' f o l l o w s : Increase or decrease Weok Loans and d i s c o u n t s , t o t a l Secured by U . S . G o v ' t , o b l i g a t i o n s Secured by stccks and bonds All other . . . . - $19,000,000 - 2,000,000 - 42,000,000 31,000,000 during Yaar . $1,112,000,000 23,000,000 9^0,000,000 200,000,000 795,000,000 Investments, t o t a l . . . . . . U. S. bonds U. S. Treasury n o t e s U. S. Treasury c e r t i f i c a t e s Other bonds, s t o c k s and s e c u r i t i e s . . . . + + - 35$ 000,000 7,000,000 1,000,000 1,000,vOO 42,000,000 Reserve b a l a n c e s w i t h F. R. Banks . Cash i n v a u l t + 30>000,000 7,000,000 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 + + ~ 22,000,000 36,000,000 7 , 0 0 j , vOO 1,320,000,000 Total accommodation at*W. R. Banks - 74,000,000 19,000,000 V# . . . 543,000,000 272,000,000 17,000,000 502,000,000 167,000,000 2,000,000 831,000,000 2,000,000 Released f o r p u b l i c a t i o n Friday a f t e r n o o n , May 22, 1925J not e a r l i e r . PRINCIPAL RESOURCES AND LIABILITIES OF REPORTING MEMBER BANKS IN LEADING CITIES ( i n thousands of d o l l a r s ) Beporting member banks All r e p o r t i n g member banks i n New York City May 6 May 14 May 14 May 6 May 13 May 13 1924 1925 1924 1925 1925 1925 736 Number of r e p o r t i n g banks Loans and d i s c o u n t s , g r o s s : Secured by U. S. Government 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 - - - - - - Inve stments • U„. S. Pre-war bends - - - - - - — U. S. L i b e r t y bonds - - - - - - - U. S. Treasury bends - - - - - - U. S. Treasury n o t e s - - - - - - U. S. Treasury c e r t i f i c a t e s - - - Other bonds, s t o c k s and s e c u r i t i e s Total investments - - - - - - - - - - - - - - - - - - - - - - - - - - - Total l o a n s and investments - - - - - - 736 751 65 65 67 S t . 4533 a Reporting member banks in Chicago May 6 May 14 May 13 1924 1925 1925 46 46 48 24,819 25,445 23,637 70,369 71,488 86,371 219,415 191,422 193,354 451,127 538,895 555,958 4,828,073 4,875,929 3,888,211 1,932,954 1,993,543 1,417,841 671,677 699,601 698,722 8,147,298 8,115,969 7,947,492 2,259,750 2,236,694 2,232,865 13,166,793 13,185,252 12,055,118 4,263,073 4,301,725 3,737,077 1,230,125 1,262,133 1,147,623 220,543 1,355,06s 452,738 407,351 110,463 2,901,377 5,447,540 219,94s 1,346,241 455,499 406,225 111,953 2,943,332 5,483,198 39,646 29,109 29,213 271,501 510,402 483,981 512,184 1,137,441 18,382 158,004 71,088 157,598 323,281 156,714 153,869 679,719 54,416 24,734 54,477 93,388 689,158 905,366 866,977 2,398,962 4,652,099 1,777,508 1,810,821 1,579,182 1,934 81,822 aS,731 60,441 3,723 194,995 369,646 1,934 82,101 26,870 60,559 3,779 191,474 366,717 4,196 53,246 4,707 79,952 13,204 166,113 321,418 18,614,333 18,668,450 16, >07,217 6,040,58 1 6,112,546 5,316,259 1,649,771 1,628,850 1,469,041 148,013 176,320 611,600 159,322 698,079 1,616,133 1,646,046 1,449,481 691,995 27,605 26,726 26,281 64,320 63,411 62,291 278,749 283,893 285,552 12,815,759 12,793,580 11,495,555 5,081,299 5,118,530 4 , 4 8 2 , 3 7 4 1,140,026 1,134,168 1,060,234 480,058 482,442 378,331 840,068 825,758 653,779 5,134,342 5,098,423 4,303,735 ' ll,ll4 14,168 44,848 14,939 32,140 183,116 184,637 191,909 33,*£9 Reserve b a l a n c e s w i t h F. E. Banks - - - - - Cash in 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 p o s i t s - - - - - - - - - - - - B i l l s payable and red i s . w i t h F. R. Banks: 132,053 86,989 Secured by U. S. Government o b l i g a t i o n s - A~L 1 o th er — — — — —— — — — — — —— — 72,677 — — — 101,231 76,668 101,751 22,225 18,475 59,550 32,118 16,875 2,922 1,630 805 1,300 1,086 2,115 2,642 233,284 178,419 40,700 91,668 19,797 2,435 2,386 4,757 Cm Total borrowings from F. B. Banks - - - 159,666 Released f o r p u b l i c a t i o n Friday a f t e r n o o n , May 22, 1925 J not e a r l i e r . -^jjo PRINCIPAL RESOURCES AMD LIABILITIES OF ALL REPORTING MEMBER BANKS IN EACH FEDERAL RESERVE DISTRICT AS AT CLOSE OF BUSINES, MAY 13, 1925. ( i n thousands of d o l l a r s ) Federal Reserve D i s t r i c t Boston New 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 Fran. Total Number of r e p o r t i n g banks 42 106 55 76 73 36 100 33 25 71 49 70 736 Loans and d i s c o u n t s , g r o s s : Secured by U.S.Govt, oblig. 8,466 75,391 Secured by stocks & bonds 289,703 2,166,309 All other loans & discounts 655,352 2,561,750 Total loans and d i s c o u n t s 933,521 4,803,450 Investments: U. S. Pre-war bonds 39,940 9,573 U. S. L i b e r t y bonds 76,261 604,991 U. S. Treasury bonds 22,158 173,713 U. S. Treasury notes 7,226 171,509 U. S. Treasury c e r t i f i c a t e s 2,884 56,004 Other bonds, s t o c k s and securit ies 199,152 1,141,577 Total investments. 317,254 2,187,734 12,830 328,866 367,214 18,374 6,090 7,664 32,856 10,475 2,692 3,79 2 2,993 454,017 129,329 82,917 743,639 172,010 54,514 105,712 71,288 742,118 351,33% 382,210 1,228,986 307,589 174,593 316,124 217,289 708,910 1,214,509 486,757 472,791 2,005,481 490,074 231,799 425,628 291,570 9,799 229,769 862,735 191,422 4,828,073 8,147,298 ,102,303 13,166,793 9,567 53,044 21,432 12,315 5,996 31,803 156,368 37,542 43 ,287 7,967 25,063 33,894 12,555 1,510 467 14,880 10,560 5,849 3,171 1,718 17,868 172,690 62,200 85,874 8,948 12,708 25,034 17,546 12,098 2,483 7,146 25,443 11,328 18,512 2,852 9,333 46,0'20 19,226 16,476 3,067 18,213 18,223 s,p7 9,435 3,035 24,449 132,540 60,452 25,93s 15,042 220,543 1,355,068 452,738 407,351 110,463 258,327 349,624 62,645 45,716 4i6,941 101,559 40,036 74,275 19,764 191,761 2,901,377 360,681 626,591 136,134 81,894 764,521 171,428 105,317 168,397 77,407 450,182 5,447,540 T otal loans & investments 1,250,775 6,991,184 1,069,591 l , 8 4 l , l 0 0 622,891 554,685 2,770,002 661,502 337,116 594,025 368,977 1,552,485 18,614,333 Reserve balances with F.R.Bk. 95,575 751,526 80,421 118,858 38,399 37,646 235,752 45,609 24,310 52,162 28,836 107,039 1,616,133 Cash in vault 21,605 78,607 16,559 31,337 14,143 11,152 52,885 7,534 5,992 13,399 10,533 21,806 285,552 Net demand deposits 872,5l4 5,639,972 765,346 991,203 348,901 328,064 1,753,676 398,889 213,034 467,394 267,624 769,142 12,815,759 Time deposits 349,448 1,203,681 173,427 727,684 195,999 199,750 980,283 204,508 103,293 138,550 93,158 764,561 5,134,342 Government deposits 12,035 41,321 22,689 25,765 8,857 8,275 25,709 11,062 2,237 4,407 6,578 15,702 184,637 B i l l s payable and rediscounts with F. R. Bank: Secured by U.S.Govt, oblig. 2,940 29,280 4,954 15,259 5,928 1,314 13,l40 1,471 570 313 11,820 86,989 All other 5,247 20,493 3,870 5,235 15,964 3,028 3,209 3,343 1,165 1,430 819_ 8,874 72,677 BANKERS' BALANCES OF REPORTING MEMBER BANKS IN FEDERAL RESERVE BANK CITIES Due to banks Due from banks 132,598 1,054,063 42,734 102,947 179,153 66,4i8 51,121 29,000 3l,76l 15,132 18,628 15,772 398,185 196,613 86,090 32,304 49,640 101,624 22,559 45,833 29,709 26,471 100,653 51,342 2,233,225 647,125
@FedFRASER