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STATEMENT FOR THE PRESS Gt. b204 Federal Reserve Board, May 27, 1929. For immediate r e l e a s e CONDITIO!! OF WEEKLY REPORTING MEMBER BA1IKS IN LEADING CITIES The Federal Reserve Board* s condition statement of weekly r e p o r t i n g member banks in 101 leading c i t i e s on May 22 shows decreases f o r the week of $151,000,000 i n loans and investments, of $329,000,000 i n net demand d e p o s i t s , and of $12,000,000 in borrowings from Federal reserve banks. Loans on s e c u r i t i e s declined £77>000,000 at a l l r e p o r t i n g banks, $50,000,000 in the New York d i s t r i c t , $10,000,000 in the Chicago d i s t r i c t and $6,000,000 in the P h i l a d e l p h i a d i s t r i c t . "All other" loans declined $15,000,000 in the New York d i s t r i c t , $11,000,000 i n the Chicago d i s t r i c t and $36,000,000 a t a l l r e p o r t i n g banks. Holdings of U. S. Government s e c u r i t i e s increased $17,000,000 in the St. Louis d i s t r i c t , a $ d declined $24,000,000 i n the New York d i s t r i c t , $6,000,000 in the Boston d i s t r i c t , $5,000,000 i n the Chicago d i s t r i c t and $21,000,000 a t a l l r e p o r t i n g banks. Holdings of other s e c u r i t i e s declined $10,000,COO in the New York d i s t r i c t and $16,000,000 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 , which a t a l l r e p o r t i n g banks were $329,000,000 below the May 15 t o t a l , show s u b s t a n t i a l d e c l i n e s i n a l l d i s t r i c t s except Cleveland and Minneapolis, the reductions being: New York $151,000,000, Chicago $4g,000,000, San Francisco $34,000,000, Boston $23,000,000, S t . Louis $15,000,000, Kansas City ij>13,000,000, P h i l a d e l p h i a , A t l a n t a and Dallas $12,000,000 each, and Richmond #10,000,000. Time deposits declined $6,000,000. The p r i n c i p a l changes in Borrowings from Federal reserve banks f o r the jreek were a reduction of $57,000,000 at the Federal Reserve Bank of New York and i n creases of $14,000,000 a t St. Louis, $9,000,000 at Chicago and $7,000,000 each a t Boston and San Francisco. A summary of 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 weekly r e p o r t i n g member banks, together w i t h changes during the week and the year ending May 22, 1929, follows: ( i n m i l l i o n s of d o l l a r s ) Increase or decrease since May 22, 1929 May H , 1929 Kay 23. 1928 Loans and investments - t o t a l 22,005 - 151 — 119 Loans - t o t a l 16,187 - ll4 + 276 On s e c u r i t i e s All other 7,144 9,043 - Investments - t o t a l 5,818 - 37 - 2,951 2,867 • - 21 16 - 1,647 233 + 35 8 12,810 6,789 99 - 329 6 6 1,013 2,443 - 86 151 6i4 - 12 U. S. Government s e c u r i t i e s Other s e c u r i t i e s Reserve with F. R. Banks Cash in 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 to banks Borrowings from F. R. Banks 77* 36* + + - . + - 109 166 395 78 31* 105 10 834 122 61 85 496 45 For immediate r e l e a s e Federal 2cserve Board ::a? 23, 1929 CONDITION OF WSEXLY EEPCETIKS MOER 3VIKS U CEJTR1L BES3RVS CITIES ( i n m i l l i o n s of u o l l a r s ) NEW YORK Loans and investments - t o t a l Loans - t o t a l On s e c u r i t i e s All other Investments - t o t a l U. S. Government s e c u r i t i e s Other s e c u r i t i e s Reserve with J . 2. Bank Cash in v a u l t Net demand deposits Time deposits Government d e p o s i t s Due from banks Ju.e to banks Borrowings from F. R. Bank Loans on s e c u r i t i e s to brokers and d e a l e r s : For own account For account of out—of—town banks For account of o t h e r s Total On demand On time May 22 1929 M: iay 15 - 1 2 21_ May 23 1928 111?0_ _7,1.94 7,249 -5,294. 2,6i4 2,680 _5.337 2,64i 2,696 5,363 2,726 2,637 1,825 1,857 1,886 1,038 788 1,062 795 1,077 809 701 * 55 726 54 759 52 5,070 1,169 42 5,167 1,181 44 5,494 1,210 10 92 764 ill 100 824 166 112 976 230 527 1,651 3,0^2 860 1,725 2,979 1,247 1,607 1,602 5,_520_ 5,565 4.456 5,127 333 5,213 352 3,397 1,059 2,009 2,017 2,070 1,593 1,594 1,549 896 697 895 699 858 691 4i6 423 521 172 244 177 246 229 292 166 15 167 15 182 1,184 642 11 1,207 643 11 1,282 714 4 134 295 151 311 171 346 33 24 4i CHICAGO Loans and investments - t o t a l Loans - t o t a l On s e c u r i t i e s All other Investments - t o t a l 1;. S. Government s e c u r i t i e s Other s e c u r i t i e s Reserve with F. R. Bank Cash in vault Net demand deposits Time deposits Government d e p o s i t s Due from banks Due to banks Borrowings from F. R. Bank 16 As Thursday, May 30, w i l l be observed as a holiday, the statement a s of May 29 w i l l be issued on Friday, May 31, I929 St. 6204a. For immediate release PRINCIPAL BE SOURCES AND LIABILITIES OF WEEKLY REPORTING MEMBER BAMS IK EACH FEDERAL RESERVE DISTRICT OH MAY 22, 1929 Total Boston (In millions of dollars'! Federal New York P h i l a . Cleva. Rich. Reserve Atlanta Chicago St. Loui s District Minn. Kansas City Dallas San Fran. Loans and investments - t o t a l 22,005 1,477 8,345 1,206 2,177 675 646 3,277 711 367 684 477 1,964 Loans - t o t a l 16,187 1,101 6,209 890 1,517 517 509 2,574 516 242 450 342 1,321 7,1^4 9,043 464 637 3,024 3,185 46o 430 694 823 190 327 l4s 36l 1,199 1,375 238 278 82 160 122 327 99 243 424 897 5,818 376 2,136 316 660 159 703 195 125 234 135 643 2,951 2,867 184 192 i,i4o 996 io4 318 342 s 136 65 71 327 377 88 107 70 55 109 125 129 29 37 11 4o 10 246 36 43 6 23 6 54 11 34 8 43 111 265 5 1,027 951 8 344 240 3 320 239 5 1,802 1,238 12 362 233 1 208 130 1 474 181 1 i4o 1, oo4 On s e c u r i t i e s A l l other Investments - t o t a l U. S. Govt, s e c u r i t i e s Other s e c u r i t i e s Reserve Trith F. R. Bank Cash i n v a u l t Net demand deposits Time deposits Government deposits Dae from banks Dae to "banks Borrowings from F. R. Bank l,64y 235 U 767 69 212 11 8 376 267 105 18 12,810 6,789 99 46o 4 1,013 2,443 io4 131 823 56 151 88 190 46 87 66 92 198 412 102 54 42 66 102 173 51 75 130 168 6i4 76 i4o 31 68 34 47 71 34 11 39 15 47 868 5,652 1,708 290 7 751 10
@FedFRASER