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STATEMENT FOR THE PRESS St. 5985 Federal Reserve Board November 26, 1928. For immediate r e l e a s e CONDITION OF MEMBER BANKS H LEADING CITIES The Federal Reserve Board's condition statement of 631 reporting member "banks in leading c i t i e s as of November 21 shows an increase f o r the week of $118,000,000 i n loans and discounts and a decrease of $57,000,000 in "borrowings from Federal reserve "banks, accompanied with r e l a t i v e l y small changes i n deposits and investments. Loans on stocks and "bonds, including U. S. Government o b l i g a t i o n s , were $>157,000,000 above the November l 4 t o t a l at a l l reporting "banks, an increase of $140,000,000 "being reported "by member "banks i n the New York d i s t r i c t , of $12,000,000 i n the Boston d i s t r i c t and of $11,000,000 i n the Cleveland d i s t r i c t , and a decrease of $9,000,000 "by reporting banks i n the Minneapolis d i s t r i c t . "All other" loans and discounts increased $8,000,000 at reporting banks in the Chicago d i s t r i c t and declined $16,000,000 i n the New York d i s t r i c t , $9,000,000 in the Boston d i s t r i c t , $8,000,000 in the Philadelphia d i s t r i c t , $6,000,000 each in the Cleveland and St. Louis d i s t r i c t s , and $39,000,000 a t a l l reporting banks. Holdings of U. S. Government s e c u r i t i e s declined $10,000,000 at reporting banks in the New York d i s t r i c t and $21,000,000 at a l l reporting member banks, while holdings of other bonds, stocks and s e c u r i t i e s declined $7,000,000 in the New York d i s t r i c t and increased $17,000,000 in the Chicago d i s t r i c t , $6,000,000 i n the Richmond d i s t r i c t , and $14,000,000 at a l l reporting banks. ^ Net demand d e p o s i t s , which a t a l l reporting banks show a net increase of only ip2,000,000, increased $87,000,000 at reporting banks i n the New York d i s t r i c t and declined $29,000,000 i n the San Francisco d i s t r i c t , $28,000,000 i n the Atlanta d i s t r i c t , $10,000,000 i n the Kansas City d i s t r i c t , $9,000,000 i n the Dallas d i s t r i c t and $8,000,000 in the Boston d i s t r i c t . Time d e p o s i t s declined $10,000,000 in the New York d i s t r i c t and $3,000,000 at a l l reporting banks. The principal changes i n borrowings from Federal reserve banks f o r the week were reductions of $23,000,000 a t the Federal Reserve Bank of New York, *18,000,000 at Philadelphia, $13,000,000 at Cleveland, and $6,000,000 at Richmond, and i n c r e a s e s of ^10,000,000 at Chicago and $6,000,000 at Kansas City. 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 631 reporting member oanks, together with changes during the week and the year ending November 21, 1928, f o l l o w s : (In thousands of d o l l a r s ) Nov. 21 1928 Increase or decrease during Week Year Loans and investments - t o t a l 22,488,766 + 111,241 + 917,724 Loans and discounts - t o t a l 16,133,664 + 118,001 + 923,210 6,870,608 + + 9,141,571 6,355,102 10,559 i46,4i2 38,970 + + + - 6,760 — 5,649 561,420 356,l4i 5,486 21,205 + Secured by U.S.Govt, o b l i g a t i o n s Secured by stocks and bonds A l l other loans and discounts Investments - t o t a l U.S. Government s e c u r i t i e s Other bonds,stocks and s e c u r i t i e s Reserve with F. R. Banks Cash in vault Net demand d e p o s i t s Time deposits Government deposits Dae from banks Dae to banks 121,485 2,976,683 3,378,419 1,723,894 + 14,445 + 2,151 13,089 13,411,047 + 253,861 6,923,944 72,816 + 1,200,775 3,24i,086 Borrowings from F.R. banks - t o t a l 584,566 — Secured by U.S.Govt, o b l i g a t i o n s A l l other 365,352 219,214 + Digitized for C. FRASER — 177,071 182,557 35,%98 26,888 362,651 1,959 3,249 + 74,236 118,087 : 63,54-6 357,749 56,674 + 310,485 68,084 + 153,012 157,473 312 n,4io 398,014 38,157 f e d e r a l Iie-:ervve 23oa: d November 22, 1928. - ? o r iirmed.ia.te r e l e a s e CQKDITim OF WEEKLY REPORTING MS,SEE BANKS IH CENTRAL RESERVE CITIES ( i n thousands of d o l l a r s ) Nov. l 4 NOV. 7,340,452, 7,226,308 6,980,798 5,452,739 5,322,184 5,103,290 47,651 2,640,693 2,764,365 37,134 2,505,971 2,779,079 37,985 2,424,992 2,645,313 1,887,713 1,904,124 1,872,508 1,074,657 813,056 1,084,457 819,667 969,837 902,671 721,587 53,335 707,016 56,230 776,674 66,833 Net demand d e p d s i t s Time deposits Government d e p o s i t s 5,293,610 1,205,280 22,047 5,193,350 1,215,304 22,04-7 5,452,294 1,068,821 26,113 Due from banks Due t o batiks 114,705 1,181,009 111,263 1,191,886 97,488 1,256,384 91,945 108,343 68,130 70,215 21,730 89,505 18,338 66,175 1,955 1,125,922 1,750,794 2,250,4l6 5,157,132 4,532,109 625,023 994,367 l,75l,46o 2,234,990 4,920,817 1,188,831 1,292,573 999,327 3,431,286 4,347,490 633,327 2,666,067 315,219 Loans and investments - t o t a l 2,078,323 2,056,333 2,008,292 Loans and discounts - t o t a l 1,601,473 1,596,083 1,541,960 14,183 802,793 734,497 14,869 804,038 777,176 13,368 847,615 680,977 476,350 460,255 466,332 202,336 273,964 203,84o 256,415 207,220 259,112 134,929 17,540 186,231 18,153 171,027 19,602 1,271,634 671,874 4,293 1,262,471 671,9%! 4,293 1,327,537 622,837 9,526 157,550 323,036 177,828 349,448 153,478 373,294 70,080 67,736 9,366 38,964 31,116 38,688 2Q,098 7,949 1,917 FEW YORK - 45 BANKS Loans and investments - t o t a l Loans and discounts - t o t a l Secured by U.S.Govt, o b l i g a t i o n s Secured by stocks and bonds A l l other loans and discounts Investments - t o t a l U. S. Government s e c u r i t i e s Other bonds,stocks and s e c u r i t i e s Reserve with F. R. Bank Cash in vault Borrowings from F. R. bank - t o t a l Secured by U.S.Government o b l i g a t i o n s All other Loans to brokers and d e a l e r s (secured by stocks and bonds): For own account For account of out-of-town banks For account of others Total On demand On time Nov. 21 23 CHICAGO - 43 BAMS Secured by U.S.Govt, o b l i g a t i o n s Secured by stocks and bonds A l l other loans and discounts Investments - t o t a l U. S. Government s e c u r i t i e s Other bonds, stocks and s e c u r i t i e s Reserve r i t h F. R. Bank Cash in vault 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 Due from banks Due to banks Borrowings from F. R. Bank - t o t a l Secured by U.S.Government o b l i g a t i o n s A l l other Thursday, November 29, being a holiday, the statement f o r November 28 w i l l be issued on Friday, November 30. ( s t . 5985a) For immediate r e l e a s e St, 593513 PRINCIPAL RESOURCES AND LIABILITIES OF ALL REPORTING MEMBER BANKS IN EACH FEDERAL RESERVE DISTRICT AS AT CLOSE OF BUSINESS,NOVEMBER 21,1928. ; (In thousands of dollars') ' Federal Reserve D i s t r i c t Total Boston Now York Phila. Cleve. Rich. Atlanta Chicago St.Louis Minn. Kans.Cy, Dallas San Fran. Loans and i n v e s t m e n t s - t o t a l 22,488,766 1,528,243 8,545,624 1,221,888 2,199,463 681,656 638,081 3,349,114 710,806 400,784 688,345 481,759 2,043,003 Loans and d i s c o u n t s - t o t a l Secured "by US Govt o b l i g . Secured by stocks & "bonds Alt other loans & d i s c t s Investments - t o t a l U; 3. Govt. s e c u r i t i e s Other b o n d s , s t k s . & seeur. Reserve with ? . R. Bank Cash in v a u l t S e t demand d e p o s i t s Tine d e p o s i t s Government d e p o s i t s Due from "banks Due to "banks 16,133,664 1,102,303 6,238,424 121,485 6,870,608 9,141,571 12,088 49,747 431,735 3,035,928 653,430 3,152,749 6,355,102 s 4 i , n 4 i , 4 8 3 , 6 o 4 522,125 505,109 2,470,87s 505,650 265,379 445,123 362,581 1,391,374 4,714 444,887 391,513 4,018 2,430 2,971 2,474 12,241 2,962 3,351 20,176 653,732 186,530 131,662 1 , 0 8 2 , 4 3 2 212,419 81,340 115,453 91,936 817,631 332,633 370,096 1,368,270 289,213 181,609 326,699 268,171 4,313 402,504 984,557 425,940 2,307,200 . 380,774 715,859 159,531 132,972 878,236 205,156 135,405 243,222 119,178 651,629 -2,976,683 3,378,419 160,806 1,168,031 265,134 1,139,169 108,626 272,143 333,106 382,753 69,413 90,118 57,076 75,896 365,927 75,540 512,309 129,616 1,723,894 253,861 100,456 19,409 78,546 15,467 125,912 30,238 42,213 12,636 4o,s6i 11,220 268,279 4o,445 781,084 67,108 46,687 7,916 76,614 120,469 58,791 122,753 81,553 37,625 359,522 292,107 54,Q64 11,403 36,315 9,508 122,657 224393 25,920 6,118 13,4ll,047 6,923,944 72,816 939,863 5,851,182 471,974 1,746,852 23,4I6 5,726 729,239 1,O4I,094 366,675 295,145 1,899,860 389,901 237,714 495,645 311,984 852,745 296,234 957,379 242,579 237,201 1,268,105 238,069 137,214 l8o,64o 131,520 1,016,177 5,64o 6,184 2,716 6,145 6,588 721 1,667 1,999 6,701 5,313 1 ,-200,775 3,241,086 53,862 153,569 148,279 1,242,004 59,401 168,302 98,I4O 52,245 84,94o 216,952 107,846 111,997 238,473 58,818 459,715 133,120 55,980 123,976 6S,84I 93,159 211,51s 128,217 152,530 219,977 Borrowings from FR B k - t o t a l 584,566 32,844 128,485 42,129 66,496 20,661 38,177 113,810 29,167 9,701 27,597 14,918 60,581 Secured "by US Govt o b l i g . A l l other 365,352 219,214 12,025 20,819 103,403 25,082 35,020 7,109 42,869 23,627 9,598 11,063 10,538 27,639 64,557 49,253 16,118 13,049 6,525 3,176 15,119 12,47s 9,223 5,695 40,357 20,224 631 35 .77 46 70 64 31 92 29 24 64 44 55 Number of reporting "banks C.
@FedFRASER