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STATEMENT FOP THE P"ESS Paleased 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 29J not e a r l i e r . S t . 4539 Federal Reserve Board-, May 28, 1925. CONDITION OF MEMBER BANKS IN LEADING- CITIES The Federal Reserve Board's weekly statement of c o n d i t i o n of 736 r e p o r t i n g member banks i n leed ing c i t i e s as of May 20 shows a decrease d uring t h e week of $ 7 0 , 0 0 0 , 0 0 0 in l o a n s and d i s c o u n t s and an i n c r e a s e of $39>000,000 i n i n v e s t m e n t s . These changes were accompanied by a drop of $ 1 2 2 , 0 0 0 , 0 0 0 i n n e t denand d e p o s i t s , and of $ 4 7 , 0 0 0 , 0 0 0 i n Government d e p o s i t s , and by an i n c r e a s e of $ 2 4 , 0 0 0 , 0 0 0 i n time deposits. The New York City member banks reported r e d u c t i o n s of $ 6 2 , 0 0 0 , 0 0 0 in loans and d i s c o u n t s and of $ S 4 , 0 0 0 , 0 0 0 in net denfind d e p o s i t s . Loans on s t o c k s and bonds want up $ 1 9 , 0 0 0 , 0 0 0 , p r i n c i p a l l y in t h e New York, Chicago and Cleveland d i s t r i c t s , w h i l e l o a n s on U. S. s e c u r i t i e s f e l l o f f $ 2 , 0 0 0 , 0 0 0 and "All o t h e r , 11 l a r g e l y commercial, l o a n s and d i s c o u n t s , $ 8 1 , 0 0 0 , 0 0 0 , which $ 5 5 , 0 0 0 , 0 0 0 was at banks i n the New York d i s t r i c t . of Investments in U. S. s e c u r i t i e s increased $34,000,OOOduring t h e week, l a r g e l y Holdings of o t h e r a t r e p o r t i n g banks in t h e New York and S t . Louis d i s t r i c t s . bonds, s t o c k s artf s e c u r i t i e s changed but s l i g h t l y f o r most d i s t r i c t s , w h i l e i n c r e a s e s of $ 7 , 0 0 0 , 0 0 0 and $ 6 , 0 0 0 , 0 0 0 i n the S t . Louis and Cleveland d i s t r i c t s , r e s p e c t i v e l y , were p a r t l y o f f s e t by a d e c l i n e of $ 9 , 0 0 0 , 0 0 0 i n the New York d i s t r i c t . Net demand d e p o s i t s were l o w e r a t r e p o r t i n g banks i n n i n e of the d i s t r i c t s than a week ago, the a g g r e g a t e n e t d e c l i n e of $122,000^000 b e i n g due l a r g e l y t o a drop of $ 8 1 , 0 0 0 , 0 0 0 i n the New York d i s t r i c t , of $ 1 1 , 0 0 0 , 0 0 0 i n t h e Boston d i s t r i c t , and of $ 1 0 , 0 0 0 , 0 0 0 each i n the S t . Louis and San F r a n c i s c o d i s t r i c t s . Small i n c r e a s e s v;ere reported by t h e P h i l a d e l p h i a , Cleveland and Kansas City d i s t r i c t s . A summary of changes in 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 members during the week and t h e y e a r ending May 20, 1925; f o l l o w s : Increase or decrease ?ek 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 bonds A l l other during Year -$70,000,000 - 8,000.000 + 19,000,000 - 81,000,000 +$1,117,000,000 48,000,000 + 970>000,000 + 195,000,000 + 39,000,000 + 18,000,000 + 18,000,000 - 2,000,000 + 5,000,000 + + + + 865,000,000 567,000,000 244,000,000 18,000,000 524,000,000 Reserve balances w i t h f . E. Banks . . . . Cash in v a u l t - 25,000,000 - 10,000,000 + - 138,000,000 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 . . . . -122,000,000 + 24,000,000 - 47,000,000 + 1,291,000,000 + 843,000,000 + 20,000,000 Investments, t o t a l U. S. 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 accommodation a t F. R, Banks . . . . . . . . . . - 7,000,000 21,000,000 Released f o r p u b l i c a t i o n Friday afternoon, May 29, 1 9 2 5 ; n o t e a r l i e r . PRINCIPAL RESOURCES AND LIABILITIES OF REPORTING MEMBER BANKS IN LEADING CITIES (In thousands of d o l l a r s ) A l l r e p o r t i n g member banks May 20 1925 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 - - - - - A l l other l o a n s and d i s c o u n t s - - - - Total l o a n s and d i s c o u n t s - - - - - Investments: U. S. Pre-war bonds - - - - - - - U. S. L i b e r t y bonds - - - - - - - U. S. Treasury 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 Total i n v e s t m e n t s - - - - - - - - . . - - — - - - - - - - - - - - - - — Total loans and i n v e s t m e n t s - - - - - Reserve balances w i t h F* B» Banks - - - — Cash 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 p o s i t s - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 7# 133,107 4,847,438 8,066,563 May 13 1925 May 21 1924 736 749 191,422 4,828,073 8,147,298 Reporting member banks in New York City May 20 May 13 May 21 1925 1925 1924 65 65 67 230,946 61,396 70,369 96,991 3,877,678 1,934,277 1,932,954 1,427,685 7,871,167 2,205,848 2,259,750 2,211,638 Reporting member banks i n Chicago May 20 May 13 May 21 1925 1925 1924 46 24,709 558,942 694.409 46 25,445 555,958 698,722 48 26,140 450,152 661,466 13,097,108 13,166,793 11,979,791 4 , 2 0 1 , 5 2 1 4 , 2 6 3 , 0 7 3 3 , 7 3 6 , 3 1 4 1,278,060 1,280,125 1,137,758 220,201 1,378,812 446,437 425,425 108,670 2,906,566 1,355,068 452,738 407,351 110,463 2,901,377 271,738 1,137,792 68,941 669,140 91,224 2,382,130 39,957 489,294 18,773 317,471 23,938 667,602 5,486,111 5,447,540 4 , 6 2 0 , 9 6 5 1,778,129 1,777,508 1,557,035 220,543 29,127 503,564 163,201 179,927 54,851 847,459 29,213 512,184 158,004 156,714 54,4i6 866,977 3,685 195,594 1,934 81,822 26,731 60,441 3,723 194,995 4,196 54,176 4,391 79,714 13,333 162,558 371,496 369,646 318,368 1,933 84,l6l 25,958 60,165 16,583,219 18,614,333 16,600,756 5,979,650 6,040,581 5,293,349 1,649,556 1,649,771 1 , 4 5 6 , 1 2 6 1,591,110 1,616,133 1,452,798 679,280 621,720 146,005 691,995 159,147 159,322 275,694 285,552 62,122 277,565 63,411 63,207 25,067 26, 281 27,138 12,694,068 12,815,759 11,402,862 4,997,676 5,081,299 4,471,000 1 , 1 4 1 , 6 9 3 1 , 1 4 0 , 0 2 6 1 , 0 4 3 , 3 5 8 5,158,152 5,134,342 4,315,506 840,068 845,759 482,442 654,762 484,754 380,710 137,973 184,637 117,771 24,n4 32,140 28,688 10,618 14,168 7,107 B i l l s payable and red i s . w i t h F. E. Banks: Secured ty U. S. Government o b l i g a t i o n s - 84,809 Al, 1 o th er — — — — — — — — — — —— — — — — 6 8 ,— 315 86,989 72,677 68,710 105,113 13,000 10,005 22,225 18,475 16,075 1,554 1,260 730 1,630 805 2,193 2,484 159,666 173,823 23,005 40,700 17,629 1,990 2,435 4,677 T o t a l borrowings from F. B. Banks - - - - 153,124 hea.eu.sed Co-.- p u b l i c a t i o n > i o a y a i t - j r n c o n , may 29, XyeZri not e a r l i e r . ot. PRINCIPAL RESOURCES AM) L I M I L I T I E S OF ALT- REPORTING MEMBER B A M S IN EACTJ FEDERAL RESERVE DISTRICT AS AT CLOSE OF BUSINESS, Federal Reserve D i s t r i c t Number of r e p o r t i n g banks Boston New York Phila. 42 106 55 Leans and d i s c o u n t s , g r o s s : secured bv U . S . G o v t , o b i i g . 8,905 66,909 secured by s t o c k s & bonds 292,135 2,173,009 All other loans & discounts 636,5^8 2 , 5 0 6 , 6 9 4 T o t a l l o a n s and d i s c o u n t s 937,588 4,746,612 X s : " w a r bonds 9,665 39,854 U. S. L i b e r t y bonds 76,101 597,658 U. S. Treasury bonds 22,100 179,639 U. S. Treasury n o t e s 7,223 193,964 TJ. S. Treasury c e r t i f i c a t e s 2,931 56,439 Other bonds, s t o c k s and securities 199,070 1,132,441 Total investments Total loans & investments 317,090 2,199,995 other' 76 73 36 Chicago S t . L o u i s 100 33 Minn. Kans.Cy. D a l l a s 25 71 49 IS,504 6,193 7,77931,951 10,253 2,720 3,763 2,999 459,250 128,934 82,260 7 4 9 , 7 6 1 1 / 1 , 7 b 2 5 3 , 8 7 4 107,10% 7 1 , 2 7 6 7 3 9 , 9 7 8 3 4 8 , 2 3 9 3 8 0 , 3 6 0 1 , 2 2 3 , 0 6 3 3 0 2 , 8 8 8 171,539 3 1 7 , 3 7 5 2 1 4 , 7 9 3 San Fran. 70 10,070 227,579 859,567 1925. Total 736 „ A 183,107 4,847,438 8,066,563 709,071 1 , 2 1 7 , 7 3 2 483,366 470,399 2 , 0 0 4 , 7 7 5 484,903 228,133 428,245 289,068 1,097,216 1 3 , 0 9 7 , 1 0 8 9,808 55,105 21,357 12,300 6,177 31,803 155,123 35,06l 42,522 7,419 24,833 34,2b3 12,204 1,52b 488 14,954 14,185 5,843 3,237 1,583 47,203 17,866 12,708 175,045 40,570 6 1 , 9 5 9 14*077 55,485 9,217 8,409 2,273 , , , 418,984 108,554 258,490 355,536 62,837 363,237 630,824 136,156 6,896 25,641 11,228 18,357 2,852 9,333 46,457 18,455 16,169 3,098 , 75,411 18,212 18,101 8,758 9,058 2,860 , . 19,694 24,264 137,503 55,756 26,017 14,>-4l . 187,741 220,201 1,378,812 446,437 425,425 108,670 „ , 2,906,566 87,055 767,748 187,399 105,579 168,923 76,683 445,422 5,486,111 40,605 1,254,67S 6,946,607 1,072,308 1,848,556 619,522 557,454 2,772,523 672,302 333,712 597,168 365,751 1 , 5 4 2 , 6 3 8 18,583,219 R e s c r - e b a l a n c e s W i t h F.R.Bk. 9 1 , 4 5 5 734,938 Cash i n v a u l t 20,869 77,106 Net demand d e p o s i t s 861,609 5,558,676 ^ime d e p o s i t s 350,280 1,211,027 Government d e p o s i t s 9,047 31,002 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. P . Bank: Secured bv U . S . G o v t . Obiig. 2 , 4 8 5 25,870 All %3,06l 330,491 365,519 ( i n thousands of d o l l a r s ) CI e v e . Rich. Atlanta MAY 2 0 , ^ ^ b 11,395 12,057 82,502 16,586 773,307 174,892 i6,95i 119,746 38,263 38,988 235,555 44,214 22,926 50,556 27,383 29,993 13,665 10,926 50,524 6,971 5,^57 1 2 , 0 2 3 10,559 996,486 347,039 325,574 1 , 7 4 5 , 2 7 7 389,278 209,154 467,957 260,803 733,035 197,898 205,351 9 8 5 , 9 4 2 204,737 103,403 135,708 9 2 , 8 9 5 19,169 6,638 6,222 19,309 8,009 1,676 3,242 4,933 5,148 11,853 3,75 7 2,586 1 7,910 1,296 330 1,109 3,160 4,754 12,992 6,159 2,709 6,206 1,263 1,025 1,249 104,584 1,591,110 20,925 275,694 758,908 12,694,068 762,984 5,158,152 11,775 137,973 . . 12,465 . 84,309 5,346 68,315 96,199 48,446 2,183,160 634,989 BANKERS' BALANCES OF REPORTING MEMBER BANKS IN FEDERAL RESERVE BANK CITIES Due t o banks Due from banks 127,876 1,024,944 40,346 110,780 174,591 59,486 50,824 29,946 31,039 16,694 16,696 15,115 398,326 197,750 84,898 30,150 48,856 19,629 99,729 41,010 29,182 25,637
@FedFRASER