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STATEMENT FOR THE PRESS For S t . 4952 F e d e r a l Reserve Beard, May dk, 10 2b. ..release. 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 weekly c o n d i t i o n s t a t e m e n t of ~(0'} r e p o r t i n g memb e r banks i n l e a d i n g c i t i e s a s of May 19 shows a n i n c r e a s e of $ 2 5 , 0 0 0 , 0 0 0 i n i n v e s t m e n t s , and d e c r e a s e s of $ 6 0 , 0 0 0 , 0 0 0 i n l o a n s and d i s c o u n t s , $ 5 9 , 0 0 0 , 0 0 0 i n net demand d e p o s i t s and $27,000,000 i n Government d e p o s i t s . Member banks i n New York C i t y r e p o r t e d a n i n c r e a s e of $ 6 , 0 0 0 , 0 0 0 i n i n v e s t m e n t s and r e d u c t i o n s of $ 2 , 0 0 0 , 0 0 0 i n l o a n s and d i s c o u n t s and of $ 1 7 , 0 0 0 , 0 0 0 i n n e t demand d e p o s i t s . Loans on s t o c k s and b o n d s , i n c l u d i n g o b l i g a t i o n s of the U. S. Government,dec l i n e d $ 1 3 , 0 0 0 , 0 0 0 , a n i n c r e a s e of $21,000,000 i n t h e New York d i s t r i c t being more t h a n o f f s e t by r e d u c t i o n s of $ 1 2 , 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 , $ 1 1 , 0 0 0 , 0 0 0 i n the Boston d i s t r i c t and $ 8 , 0 0 0 , 0 0 0 each i n the C l e v e l a n d and C h i cago d i s t r i c t s . All e t h e r l o a n s and d i s c o u n t s d e c l i n e d $53>000,000, of which $ 2 5 , 0 0 0 , 0 0 0 was i n t h e New York d i s t r i c t . 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 , secured by s t o c k s and bonds, made by r e p o r t i n g member banks i n New York C i t y d e c l i n e d $ 7 2 , 0 0 0 , 0 0 0 , 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 banks b e i n g $93>000,000 l e s s t h a n a week a g o , w h i l e l o a n s f o r t h e i r own a c c o u n t and f o r t h e a c c o u n t of o t h e r s i n c r e a s e d $ 6 , 0 0 0 , 0 0 0 and $ 1 5 , 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. S, s e c u r i t i e s were $ 1 0 , 0 0 0 , 0 0 0 and of o t h e r bonds, s t o c k s and. s e c u r i t i e s $19,000,000 l a r g e r t h a n a week ago. Net demand d e p o s i t s ware $ 5 9 , 0 0 0 , 0 0 0 below l a s t w e e k ' s f i g u r e s , d e c l i n e s of $33,000,000 i n t h e New York d i s t r i c t , $ 1 3 , 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 $ 8 , 0 0 0 , 0 0 0 each i n t h e A t l a n t a and Chicago d i s t r i c t s b e i n g p a r t l y o f f s e t by a n i n c r e a s e of $ 1 1 , 0 0 0 , 0 0 0 i n the Kansas C i t y d i s t r i c t . $ 2 8 8 , 0 0 0 , 0 0 0 or Borrowings from t h e F e d e r a l r e s e r v e banks a g g r e g a t e d / $ 1 5 , 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 ago, the p r i n c i p a l changes i n c l u d i n g i n c r e a s e s of $ 1 1 , 0 0 0 , 0 0 0 each i n t h e Boston and New York d i s t r i c t s , and a r e d u c t i o n of $ 1 2 , 0 0 0 , 0 0 0 by banks i n t n e C l e v e l a n d d i s t r i c t . A summary of changes i n the 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 members d u r i n g t h e week and t h e y e a r ending May 19, 192b, f o l l o w s : Increase or decrease Week 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 s t o c k s and bends All o t h e r during Year - $66,000,000 4,000,000 9,000,000 - 53,000,000 + $792,000,000 20,000,000 + 440,000,000 + 378,000,000 Investments, total U, S. 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 . . + + + 29,000,000 10,000,000 19,000,000 + + 213,000,000 6,000,000 219,000,000 Reserve b a l a n c e s w i t h F. R. Banks Cash i n v a u l t + - 39,000,000 8,000,000 + - gO,000,000 2,000,000 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 - 59,000,000 12,000,000 27,000,000 + + + 270,000,000 389,000,000 55,000,000 T o t a l accommodation a t F. R. Banks . . . + 15,000,000 + 135,000,000 . . . . . Monday, May b e i n g a h o l i d a y t h e weekly s t a t e m e n t of c o n d i t i o n of r e p o r t i n g member banks f o r May 26 w i l l be i s s u e d a t 3 p . m . , on Tuesday, June 1 . For immediate r e l e a s e PRINCIPAL RESOURCES AM) LIABILITIES OF REPORTING MEMBER BANKS IN LEADING CITIES S t . 4958a ( 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 banks | R e p o r t i n g mernoer banks All r e p o r t i n g member banks i n New York C i t y | Chicago May 19 | May 12 | May 20 May 19 | May 12 i May 20 | May 19 I May 12 | May 20 1926 | 1926 j 1925 1926 1 1926 1 1925 1 1926 i 1926 1 1925 Number of r e p o r t i n g banks - - - - - - - - 46 46 46 703 705 736 i 59 59 65 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 20,708 20,487 24,709 163,699 167,988 183,1071 51,272 53,855 61,396 Secured by s t o c k s and bonds - - - - - - 5,286,940 5,295,208 4 , 5 4 7 , 4 3 8 j l , 9 8 0 , 3 1 1 1,944,603 1,934,277 603,105 608,411 558,942 All o t h e r l o a n s and d i s c o u n t s - - - - - 8 , 4 4 4 , 9 7 5 8 , 4 9 8 , 1 5 8 8 , 0 6 b , 563 |2,;>42,746 2 , 3 7 8 , 1 3 6 2 , 2 0 5 , 8 4 8 703,423 702,148 694,409 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. Cash i n v a u l t - - - - - - Net demand d e p o s i t s - - - Tims' d e p o s i t s - - - - - - Government d e p o s i t s - - - - - - Banks - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - B i l l s p a y a b l e and red i s - w i t h F.R.Banks : Secured by U.S.Government o b l i g a t i o n s - All other - - - - - - - - - - - - - — - 1 3 , 8 9 5 , 0 1 4 13 , 961,354 1 3 , 0 9 7 , 1 0 8 ( 4 , 3 7 4 , 3 2 9 4 , 3 7 b , 6 5 0 4 , 2 0 1 , 5 a 1,327,236 1,331,04b 1,278,060 1 2,573,651 3,1*5,102 2,563,493 3,106,698 5,698,753 5,670,191 c,579,5451 2,906,56b| 916,222 903,836 919,615 894,442 930,670 847,459 5,486,111jl,820,058 1,814,057 1,776,129 19,594,367 1 9 , 6 3 1 , 5 4 5 16,583,219116,194,387 6 , 1 9 0 , 7 1 3 5 , 9 7 9 , 6 5 0 1 , 6 7 1 , 4 4 4 1 , 6 3 2 , 0 6 5 1 , 5 9 1 , 1 1 0 | 689,277 681,870 679,250 273,811 252,488 275,b%4 63,061 65,222 62,122 12,963,749 1 3 , 0 2 2 , 9 5 6 1 2 , 6 9 4 , 0 6 8 5 , 0 4 3 , 3 7 5 5 , 0 6 0 , 2 7 0 4 , 9 9 7 , 6 7 6 5,547,254 5 , 5 5 9 , 0 1 5 5 , 1 5 8 , 1 5 2 819,394 524,853 845,759 192,561 219,707 .137,973 34,178 39,057 24,114 j| !| 170,838 198,767 170,210 200,063 175,902 195,594 369,605 370,273 371,496 1,696,841 1,701,319 1,649,556 173,236 161,832 159,147 20,430 21,024 25,067 1,173,869 1,177,730 1,141,693 501,000 501,395 484,754 7,398 8,514 10,618 54,809 68,315 73,425 57,125 13,000 5,050 9,230 10,005 9,089 4,542 4,634 5,250 1,260 730 T o t a l borrowings from F. R. Banks - - 288,577 273,187 1 53,124 Loans to 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 bonds) made by r e p o r t i n g member banks i n New York C i t y : For own account For a c c o u n t 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 78,505 66,355 23,005 13,631 9,884 1,990 179,921 105,656 Total . . . On demand On time . 170,904 102,283 888,427 894,171 963,751 1 , 0 5 6 , 2 8 4 535,569 550,773 2,40g,b95 2,480,280 1,688,735 1,737,695 719,960 742,582 por immediate r e l e a s e o t . 4^58b PRINCIPAL RESOURCES AND LIABILITIES OF ALL REPORTING MEMBER BANKS IN EACH FEDERAL RESERVE DISTRICT AS AT CLOSE OF BUSINESS, MAY 19,1926 ( 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 Phi l a . 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. T o t a l Number of r e p o r t i n g banks 38 97 52 75 bg 3b' % 33 24 67 48 6b 7O3 Loans and d i s c o u n t s , g r o s s : Secured by U.S.Govt, o b l i g . 8,657 55,265 11,325 19,431 4,607 6,051 26,659 10,372 2,536 3,774 4,062 10,353 163,699 Secured by s t o c k s & bonds 319,082 2,252,109 400,102 5 3 ° , ° 5 3 140,056 100,o20 809,600 195,918 62,901 110,b83 7 5 , 2 2 5 29O,R91 5 , 2 8 6 , 9 4 0 All o t h e r l o a n s & d i s c o u n t s 648,104 2,679,883 375,196 781,717 376,644 398,557 1 , 2 6 7 , 5 4 8 3 l 0 , l b l 159,168 312,897 227,525 901,575 8 , 4 4 4 , 9 7 5 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 securities 975,243 4,987,857 786,623 1 , 3 3 1 , 2 0 1 521,307 505,228 2,103,807 516,451 224,607 433,354 306,812 1,202,524 1 3 , 8 9 5 , 6 1 4 154,055 1 , 0 3 1 , 3 1 0 98,273 289,713 68,440 42,195 317,006 247,915 1 , 2 0 9 , 0 1 3 257,475 380,448 64,483 56,070 433,445 110,065 Total investments 401,970 2,240,323 355,748 b 7 0 , l b l 132,923 98,265 77,949 71,018 107,369 5^,325 263,998 2,573,651 44,6bl 86,590 24,227 210,710 3,125,102 750,451 188,014 115,679 193,959 76,552 474,708 5,698,753 Total loans and i n v e s t m e n t s 1 , 3 7 7 , 8 1 3 7,228,180 1,142,371 2 , 0 0 1 , 3 6 2 654,230 603,493 2,854,258 704,465 340,286 627,313 3&3,3b4 1 , 6 7 7 , 2 3 2 19,594,367 Reserve b a l a n c e s w i t h F.R.Bk. 96,132 750,918 86,362 133,364 40,195 45,236 251,019 47,323 24,802 58,591 29,595 107,907 1 , 6 7 1 , 4 4 4 Cash i n v a u l t 20,292 77,561 16,189 30,975 13,770 l l , l 6 0 48,163 7,791 6,058 12,199 9,695 19,958 273,811 Net demand d e p o s i t s 894,293 5,615,850 773,123 1,041,677 368,162 349,403 1 , 7 7 4 , 9 8 7 404,758 216,636 494,029 267,506 763,325 1 2 , 9 6 3 , 7 4 9 Time d e p o s i t s 417,022 1,236,558 226,059 805,569 206,065 220,203 1,032,799 217,481 108,182 146,598 9 5 , 7 2 8 834,990 5 , 5 4 7 , 2 5 4 Government d e p o s i t s 31,014 32,272 23,441 23,548 7,434 9,447 16,728 6,502 3,843 6,628 5,793 19,911 192,561 B i l l s payable and r e d i s c o u n t s w i t h F. R. Bank: Secured by U.S.Govt, o b l i g . . 1,665 5,188 4,846 4,716 2,541 17,464 21,779 30,135 3,269 774 23,789 179,921 3,755 All/other 16,503 9,628 5,684 1,604 7,600 13,182 8 , 0 9 5 10,372 15,552 108,656 9,650 9,696 790 T o t a l borrowings from F. R. Bank 18,468 10,572 30,646 14,542 91,407 38,230 1 5 , 0 8 8 18,093 33,430 4,545 1 0 , 8 6 9 ' 2,378 288,577 BANKERS' BALANCES OF REPORTING MEMBER BANKS IN FEDERAL RESERVE BANK CITIES Due t o banks 44,814 3 3 , 4 4 5 15,954 131,014 1 , 0 5 5 , 6 5 5 177,560 3 6 8 , 1 6 2 82,184 4 7 , 5 6 6 9 0 , 3 0 2 2 3 , 2 4 5 9 2 , 0 3 2 2,162,533 Due f r o m banks 43,022 2 5 , 1 2 8 16,965 13,374 103,832 46,674 69,563 159,069 2 9 , 0 2 2 1 9 , 8 2 3 36,372 2 2 , 6 7 O 585,526 C.
@FedFRASER