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Released f o r p u b l i c a t i o n F r i d a y a f t e r n o o n , Nov. 20; not e a r l i e r . STATEMENT FOR THE PRESS S t . 47 28 F e d e r a l Reserve Board November 19, 1925. CONDITION OF MEMBER BANKS IN LEADING CITIES The F e d e r a l Reserve B o a r d ' s w==kly s t a t e m e n t of c o n d i t i o n of 723 r e p o r t i n g member banks i n l e a d i n g c i t i e s aa of November 11 ^ p w s d e c l i n e s of $ 4 , 0 0 0 , 0 0 3 i n l o a n s and d i s c o u n t s , $ 1 ] , 0 0 0 , 0 0 0 i n i n v e s t m e n t s ,/t?7 4 , 0 0 0 , 0 0 0 i n b o r r o w i n g s from the F e d e r a l r e s e r v e banks, and an i n c r e a s e of $29,000,000 i n n e t demand 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 d e c r e a s e 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 an i n c r e a s e of $ 1 , 0 0 0 , 0 0 0 i n i n v e s t m e n t s ; t o g e t h e r w i t h d e c r e a s e s of $18,000,000 and $ 4 4 , 0 0 0 , 0 0 0 i n net demand d e p o s i t s and b o r r o w i n g s from the Federal reserve banks. Leans on U. S. Government o b l i g a t i o n s show l i t t l e o r no change i n any of the d i s t r i c t s d u r i n g t h e week. Loans on c o r p o r a t e s t o c k s and bonds went down $3^4,000,000 i n t h e New York d i s t r i c t , t h i s d e c r e a s e b e i n g o f f s e t by i n c r e a s e s i n most cf the o t h e r d i s t r i c t s . The l a r g e s t i n c r e a s e i n t h i s i t e m , $ 1 2 , 0 0 0 , 0 0 0 , was r e p o r t e d by banks 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 . A l l o 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 : $ 2 , 0 0 0 , 0 0 0 , a n i n c r e a s e of $9,000,000 i n t h e Chicago d i s t r i c t and small i n c r e a s e s i n t h e New York, A t l a n t a , Kansas C i t y and San F r a n c i s c o d i s t r i c t s b e i n g more t h a n o f f s e t by r e d u c t i o n s i n the o t h e r seven d i s t r i c t s . I n v e s t m e n t s i n U. S. s e c u r i t i e s d e c l i n e d by $ 1 1 , 0 0 0 , 0 0 0 , of which $ 7 , 0 0 0 , 0 0 0 was r e p o r t e d by banks i n t h e New York d i s t r i c t . Holdings of o t h e r bonds, s t o c k s and s e c u r i t i e s show p r a c t i c a l l y no change i n any of t h e d i s t r i c t s . Net demand d e p o s i t s went up $ 2 9 , 0 0 0 , 0 0 0 . I n c r e a s e s of $ 1 8 , 0 0 0 , 0 0 0 e a c h i n t h e Kansas C i t y and San F r a n c i s c o d i s t r i c t s , of $12,000,000 i n t h e Boston d i s t r i c t , and of $ 1 0 , 0 0 0 , 0 0 0 and $ 8 , 0 0 0 , 0 0 0 , r e s p e c t i v e l y i n t h e Chicago and S t . Louis d i s t r i c t s , were p a r t l y o f f s e t by d e c r e a s e s of $27,000,000 i n the New York d i s t r i c t and $11,000,000 i n t h e Cleveland d i s t r i c t . Time d e p o s i t s were r e p o r t e d as $4,000,000 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 changes i n c l u d i n g an i n c r e a s e of $ 9 , 0 0 0 , 0 0 0 i n the New York d i s t r i c t and r e d u c t i o n s of $5,000,000 each i n t h e Boston and P h i l a d e l p h i a d i s t r i c t s . Borrowings f r o m t h e F e d e r a l r e s e r v e banks were reduced $ 7 4 , 0 0 0 , 0 0 0 . The l a r g e s t r e d u c t i o n s were as f o l l o w s : New York d i s t r i c t $ 4 4 , 0 0 0 , 0 0 0 , San F r a n c i s c o d i s t r i c t $ 1 0 , 0 0 0 , 0 0 0 , Chicago and S t . Louis d i s t r i c t s $ 8 , 0 0 0 , 0 0 0 and $ 7 , 0 0 0 , 0 0 0 , respectively. 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 the week and the y e a r e n d i n g November 11, 192 51 f o l l o w s : Increase or decrease Week - $4,000,000 Secured by s t o c k s and bonds All o t h e r - 2,000,000 - - Investments, t o t a l U. S. bonds U. S. T r e a s u r y n o t e s . U. S. T r e a s u r y 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 - Reserve b a l a n c e s w i t h F. R. Banks Cash i n v a u l t . . . 2,000,000 - 13,000,000 - 2,000,000 - 3,000,000 during Year +$1,150,000,000 - 23,000,000 + + 945,000,000 228,000,000 - 110,000,000 262,000,000 + - 251,000,000 + 186,000,000 65,000,000 - 14.000,000 - 8,000,000 + 14,000,000 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 + 29,000,000 - 4,000,000 + T o t a l accommodation a t F. R. Banks - 74,000,000 - 6,000,000 2,000,000 8,000,000 - - 4" - + 23,000,000 53,000,000 521,000,000 90,000,000 305,000,000 St. 4728a Released f o r publication Friday afternoon, November 20, 1925; not e a r l i e r . PRINCIPAL RESOURCES AND LIABILITIES OF REPORTING MEMBER BANKS IN LEADING CITIES All reporting member banks Nov. 11 1925 I Nov. 4 1 1925 Nov. 12 1924 Reporting member banks in New York City Nov. 11 Nov. 4 | Nov. 12 1925 | 1924 1925 Reporting member banks in Chi cago Nov. 12 Nov. 11 Nov. 4 1924 1925 1925 46 46 47 61 61 67 Number of reporting banks - - - - - - - - - 743 723 723 Loans and discounts, gross: 18,460 17,323 24,916 48,0)6 49,842 65,759 Secured by U? S. Government obligations - 162,002 163,721 184,993 66l 206 6n6,419 50^,560 Secured by stocks and bonds - - ~ — - - - 5, 391,67! 5> 392,041 4,446, 6^2 2,091,062 2,132,212 1,832,76s 650', 570 fee;, 914 718,372 All other loans and discounts - - - - - - 8,468,569 8,4yi,0g4 8,240,731 2,331,762 2,331,163 2,336,131 14,022,242 14,026,846 12,872,376 4,470,860 4,513,217 4,234,658 1,370,236 1,356,656 1,246,84s Total loans and discounts Investments: S. Pre-war bonds U. S. Liberty bonds - - - - - - - - - - - U. S. Treasury bonds - - - - - - - - - - U. S. Treasury notes - - - - - - - - - - U. S. Treasury c e r t i f i c a t e s - - - - - - - Other bonds, stocks and s e c u r i t i e s - - - Total investments - - - - - - 220,975 1,393,737 428,743 360,192 35,341 2,952,521 5,449,509 Total loans and investments - - - - - 19,471,751 Reserve balances with P. R« Banks 1,658,904 Cash in vault - - - - - - - - - 290,409 Net demand deposits - - - - - - - - - - - - - 13,248,6O0 Time deposits - - 5,344,285 Government deposits - - - - - - - - - - - - 78,145 Bills payable and redis. with F. R. Banks: Secured by U. S. Government obligations - 186,623 All other - - 191,038 Total borrowings from F. R. Banks - - - 377,661 C. 4,123 1,870 1,870 29,535 29,540 40,934 221,071 264,697 8 2,403 1 0 1 , 4 5 8 1 0 2 , 8 0 2 505,931 506,9.3 59 M l 6 1,398,361 1,453,732 2,873 16,033 16,307 184,242 182,748 12,3f2 431,020 68,129 51,657 51,487 39,533 273,965 363,332 610,937 160,582 161,831 QQ5 21=588 1 , 0 3 4 996 1 3 1 , 2 13,130 17,901 94,356 274,023 201,255 182,629 1 8 3 , ^ 5 2 896,515 857,149 850,875 2,954,084 2,888;282 354,731 356,914 401.805 5,462,254 5,559,306 1,750,569 1,749,408 1,952,194 19,489,100 18,432,182 6,221,429 6,262,625 6,186,852 1,724,967 1,713,570 1,648,653 167,744 170,384 167,763 710,990 708,104 711,120 1,672,773 1,644,982 23,953 24,423 31,590 67,082 70,329 71,793 298,480 313,593 13,219,775 13,195,671 5 , 2 3 4 , 3 6 2 5 , 2 5 2 , 3 1 4 5 , 3 5 1 , 0 4 0 1,210,856 1,206,635 1,194,052 493,820 431,835 775,431 765,547 805,395 492,582 5,348,312 4,823,023 3,015 3,353 6,124 19,404 21,546 32,280 86,392 168,085 244,379 207, 671 452,050 36,701 35,513 72,2141 32,845 42,874 75,719 73,585 46,184 119,769 1,850 4,655 6,5351 3,155 3,722 11,877 5,415 3,285 8,700 50 925 975 Keieased- f o r p u b l i c a t i o n F r i d a y afternoon.,..Mo»e£nb.ec; 20*. .19*9^.. po> ..<Mrj.iar, £ t . 4/kob PRINCIPAL RESOURCES AND LIABILITIES OF ALL REPORTING MEMBER BANKS IN EACH FEDERAL RESERVE DISTRICT AS AT CLOSE OF BUSINESS, NOVEMBER 11,1925( I n t h o u s a n d s of d o l l a r s ) Federal Reserve D i s t r i c t B o s t o n New York Phila, CIeve. R i c h . A t l a n t a Chicago S t . L o u i s Minn. Kane.Cy. D a l l a s San F r a n . T o t a l Number of r e p o r t i n g banks 41 102 54 75 72 36 100 33 25 69 49 67 723 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 . Secured by stocks & bonds All other loans & discounts 11,247 53,460 334,384 2,344,982 683,967 2,647,699 T o t a l l o a n s and d i s c o u n t s 1,029,598 5,046,141 .Investments : 40,221 U. S. P r e - w a r bonds 9,637 599,020 U. S. L i b e r t y bonds 95,943 18,885 U. S. T r e a s u r y bonds 199,722 U. S. T r e a s u r y n o t e s 172,283 4,399 14,81? 6,619 U. S. T r e a s u r y c e r t i f i c a t e s Other bonds, s t o c k s and 207,03s 1,155,925 •securities Total investments 342,524 fetal loans and investments 1,372,122 Reserve Voalances with F.R.Bk. 97,590 Cash in vault 19,267 Net demand d e p o s i t s 934,098 Time deposits 391,868 Government deposits 5,085 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.Govt, o b l i g . All other 2,275 26,066 2,181,988 7,228,129 766,075 83,790 5,728,895 1,169,960 23,956 65,278 49,967 12,172 385,508 372,592 19,279 6,424 8,223 26,157 6,949 2,366 3,940 3,854 506,214 145,435 101,621 861,383 189,616 68,310 110,160 77,722 769,482 372,916 425,316 1,236,396 312,549 179,898 322,078 233,627 7,931 266,33b 912,049 162,002 5,391,671 8,468,569 770,272 1,294,075 524,775 535,160 2,123,936 509,H4 250,574 436,178 315,203 1,18b,316 14,022,242 9,489 49,412 16,286 7,509 4,093 33,181 171,514 33,803 27,602 18,040 25,414 29,037 7,605 2,023 1,923 14,896 14,632 5,781 2,318 4,572 17,561 177,001 52,375 65,63s 7,158 12,742 22,971 10,640 6,585 2,837 7,343 26,136 12,102 17,569 1,821 344,100 61,992 51-, 604 416,581 111,922 43,473 249,473 336,562 628,240 127,994 93,803 736,814 167,697 108,744 1,106,834 1,923,215 652,769 628,963 2,860,750 676,oil 359,315 81,690 116,508 4l,930 46,404 242,115 47,224 23,879 16,690 32,645 15,224 10,736 52,063 7,804 5,843 781,342 1,004,160 382,990 374,876 1,805,620 402,1b? 233,152 201,732 758,856 201,244 216,262 1,011,09? 213,230 102,32? 6,940 11,220 1,962 4,288 7,598 2,032 1,254 8,215 9,458 28,309 29,900 7,987 12,929 3,86? 12,200 26,705 12,71? 2,974 9,855 300 303 9,20? 49,080 14,435 16,41? 3,864 17,198 18,212 6,526 7,9^7 3,752 24,086 145,779 50,080 29,302 18,845 .220,975 1,398,737 428,743 360,192 88,341 78,045 25,629 206,739 2,952,521 171,048 79,264 474,831 5,449,509 607,226 394,46? 1,661,14? 19,471,751 51,038 31,620 112,831 1,658,904 12,676 11,635 22,036 290,409 46?,453 285,644 ?S8,209 13,248,606 154,859 95,779 821,071 5,344,255 8?3 3,388 9,549 78,145 2,03? 5,559 2,646 4,614 36,030 1?,4?0 186,623 191,038 108,850 53,379 2,304,577 666,492 BANKERS' BALANCES OF REPORTING MEMBER BANKS' IN FEDERAL RESERVE BANK CITIES Due to banks Due from banks C. 131,?2? 1,104,504 46,053 107,483 185,784 ?4,608 46,372 29,030 38,154 19,205 25,863 13,988 373,393 160,181 85,740 38,183 58,959 101,848 30,892 63,229 43,383 30,2bl
@FedFRASER