Full text of H.4.2 Weekly Consolidated Condition Report of Large Commercial Banks in the United States : November 29, 1924

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JL.
• '

STATEMENT K>B THE PRESS

s t . 4337

He 1 e f o r p u h l . i - o a . t i c n
S a t u r d a y a i ' t e ' t i c e n , Nov. 2 9 ;
not e a r l i e r .

F e d e r a l R e s e r v e Board ,
November 2 8 , 1 9 2 4 .

CONDITION OF MEMBER BATIKS IN LEADING C I T I E S
D e c r e a s e s of $ 4 8 , 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 8 0 , 0 0 0 , 0 0 0 i n n e t d e mand and Government d e p o s i t s , and i n c r e a s e s of $ 5 3 , 0 0 0 , 0 0 0 i n i n v e s t m e n t s , of
$ 3 9 , 0 0 0 , 0 0 0 i n t i m e d e p o s i t s , a n d of $ 5 1 , 0 0 0 , 0 0 0 i n r e s e r v e b a l a n c e s , a r e shown i n
t h e F e d e r a l R e s e r v e B o a r d ' s w e e k l y c o n s o l i d a t e d s t a t e m e n t of c o n d i t i o n on November
19 of 7U3 member b a n k s i n l e a d i n g c i t i e s .
A l l c l a s s e s of l o a n s show r e d u c t i o n s f o r
t h e meek, l o a n s o n U. S. G o v e r n m e n t s e c u r i t i e s by $ 3 1 0 0 0 , 0 0 0 , l o a n s on c o r p o r a t e
s e c u r i t i e s by $ 2 1 , 0 0 0 , 0 0 0 and " A l l o t h e r , " l a r g e l y c o m m e r c i a l , l o a n s and d i s c o u n t s
by $ 2 4 , 0 0 0 , 0 0 0 .
H o l d i n g s of U. S . b o n d s w e n t u p $ 2 3 , 0 0 0 , 0 0 0 , U. S . T r e a s u r y n o t e s
$ 1 8 , 0 0 0 , 0 0 0 , U. S . C e r t i f i c a t e s o f i n d e b t e d n e s s - $ 1 1 , 0 0 0 , 0 0 0 and c o r p o r a t e s e c u r i ties - $6,000,000.
L o a n s and d i s c o u n t s of t h e New York C i t y banks a - g r a d a t e d $ 1 7 , 0 0 0 , 0 0 0 l e s s t h a
a week e a r l i e r .
L o a n s on U. S . G o v e r n m e n t s e c u r i t i e s w e n t down $ 3 , 0 0 0 , 0 0 0 , l o a n s
on c o r p o r a t e s e c u r i t i e s $ 6 , 0 0 0 , 0 0 0 and. " a l l o t h e r " l o a n s and d i s c o u n t s
, 000,000.
T h e i r i n v e s t m e n t s s h o w i n c r e a s e s a s f o l l o w s ; U. S . b o n d s $ 1 2 , O u O , 0 0 0 , U. S. T r e a s u r .
n o t e s $ 1 5 , 0 0 0 , 0 0 0 , U. S . c e r t i f i c a t e s of i n d e b t e d n e s s c ° , 0 0 0 , 0 0 0 and c o r p o r a t e s e c u r i t i e s $2,COO,000.
Of t h e t o t a l d e c l i n e of $ 1 5 2 , 0 0 0 , 0 0 0 i n n e t demand d e p o s i t s , $ 4 2 , 0 0 0 , 0 0 0 was
r e p o r t e d f o r t h e New Y o r k d i s t r i c t , $ 3 ^ , 0 0 0 , 0 0 0 f o r t h e C l e v e l a n d d i s t r i c t ,
$ 2 5 , 0 0 0 , 0 0 0 f o r t h e S a n F r a n c i s c o d i s t r i c t and $ 2 3 , 0 0 0 , 0 0 0 f o r t h e C h i c a g o d i s t r i c t
Time d e p o s i t s w e n t u p $37 , 0 0 0 , 0 0 0 i n t h e New Y o r k d i s t r i c t and $ 1 6 , 0 0 L, O X i n t h e
C h i c a g o d i s t r i c t and d e e l i n e d $ 1 3 , 0 0 0 , 0 0 0 i n t h e San F r a n c i s c o d i s t r i c t .
Net w i t h * d r a w a l s of G o v e r n m e n t d e p o s i t s a g g r e g a t e d $ 2 8 , 0 0 0 , 0 0 0 , o f w h i c h $ 5 , 0 0 0 , 0 0 0 was r e p o r t e d by t h e New Y o r k C i t y b a n k s .
Reserve b a l a n c e s were increased $51,000,000 a t a l l r e p o r t i n g banks, w h i l e hold
i n g s of c a s h d e c l i n e d by $ 2 0 , 0 0 0 , 0 0 0 .
The New York C i t y mernoers r e p o r t an i n c r e a s e
of $ 1 1 , 0 0 0 , 0 0 0 i n r e s e r v e b a l a n c e s and a r e d u c t i o n of $ 3 , 0 0 0 , 0 0 0 i n c a s h .
B o r r o w i n g s of a l l r e p o r t i n g i n s t i t u t i o n s f r o m t h e F e d e r a l r e s e r v e b a n k s i n creased from $72,000,000 t o $82,000,000.
L i k e b o r r o w i n g s of t h e New York u i t y b a n k
increased from $7,000,000 t o $28,000,000.
A summary of c h a n g e s i n 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 d u r i n g t h e w e e k and y e a r e n d i n g November 1 9 , 1 9 2 4 , f o l l o w s :
Increase

or

decrease

Year

V eek
L o a n s and d i s c o u n t s , t o t a l
Secured by U.S. Govt, o b l i g a t i o n s
S e c u r e d by s t o c k y and b o n d s
. . .
All other . . . 1
Investments, t o t a l
U. S, b o n d s
U. S. T r e a s u r y n o t e s
U. S . C e r t i f i c a t e s of i n d e b t e d n e s s
O t h e r b o n d s , s t o c k s and s e c u r i t i e s
R e s e r v e b a l a n c e s w i t h F.
Cash i n v a u l t

R. Banks

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
T o t a l a c c o m o d a t i o n a t F . R. B a n k s




$48,000,'.CO
3,000,000
21,000,300
24,000,000

-

-

4-

+

f4-

+

+

_
4-

58,000,000
23,000,000
18,000,000
11,000,000
A nan
^1,000,000
20,000,000

during

4-

+
+

$925,000,000
43,000,000

691,000,000
277,000,000

4- 1 , 1 4 3 , 0 0 0 , 0 0 0

+
-

+

440,000,000

217,000,000
218,000,000
702,000,000
306,000,000

4-

4,000,000

152,000,000,
39,000,000
22,000,000

+
4-

£5,000,000

10,000,000

"

385,000,000

+

840,000,000

St. -337.

E e l e a s e d f o r p u b l i c a t i o n S a t u r d a y a f t e r n o o n , November 2 9 , 1 9 2 4 ; n o t e a r l i e r .
BANKS IN LEADING CITIES.

PRINCIPAL RESOURCE AMD LIABILITY ITEMS OF REPORTING U
______

:

( I n t h o u s a n d s of d o l l a r s )
Nov.

Jhairibdr of r e p o r t i n g b a n k s

—

—

- - - - - -

—

—

L o a n s and d i s c o u n t s , g r o s s :
Sec-iire d b y U. S, G o v e r n m e n t o b l i g a t i o n s - - - - - - - - - - - - - - - - - - - S e c u r e d b y s t o c k s and bonds ( o t h e r t h a n U. S. s e c u r i t i e s )
— - - A l l c tL,er l e a n s and d i s c o u n t s - - - - - - - - — - — _ _ _ _ _ _ — - - - -

19, 1924
743

Nov.

1 2 , 1924
743

May 2 1 , 1 9 2 4
749

Nov. 2 1 , - 1 9 2 3
767

122,082
4,425,310
8,216,652

124,993
4,446,652
2;P4o,73l

230,946
3,877,678
7,271,167

225,143
3,734,004
7,939,440

12,824,044

12,272,376

11,979,791

11,898,587

264,808

264,697

271,732

275,822

_ _ _ _ _ _ _

1,474,820

1,453,732

1,137,792

1,013,290

_ _ _ _ _ _ _ _ _ _ _ _ _

69,854

62,129

62,941

21,305

628,665

610,937

669,i4o

245,279

—

285,623

274,023

91,224

68,115

- - - - - - - - - - -

2,294,518

2,228,282

2,322,130

2,192,069

18,442,332

12,432,132

16,600,756

16,374,533

- - - -

1,696,457

1,644,922

1,452,798

1,390,092

294,076

313,593

277,565

290,247

15.043,456

13,195,671

11,402,262

11,153,076

4,261,734

4,823,023

4,315,506

4,022,110

139,690

*168,085

117,771

54,848

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 e d e r a l R e s e r v e B a n k s :
S e c u r e d b y U. S. Governee-nt o b l i g a t i o n s - - - - - - —
_ _ _ _ _ _ _ _ _ _ _ _
AH ether - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -

24,034
58,371

36,701
35,51^

68,710
105,113

221,710
245,672

v
3 a t i c of 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 e d e r a l R e s e r v e E a n k s t o
. t o t a l * o a n s and i n v e s t m e n t s , p e r c e n t - - - - - - - - - - - - - - - - - - - - -

.4

1.0

2,9

T o t a l l o a & s and d i s c o u n t s
U. S . P r e - w a r b o n d s - - - —
U. S .

L i b e r t y bonds - - -

U. S .

Treasury bonds - -

- - - —
_ _ _ _ _

—

—

—

- —

- - —

- - -

- - —

—

U. S. C e r t i f i c a t e s of indebtedness

—

0 i t s r W W a,

- - -

Total

_ _ _ _ _ _ _ _
—

—
-

_ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _
-

C, S, S t - s s s u r y n o t e s

—

s t o c k s and s e c u r i t i e s

—

- - - - - -

l o a n s and d i s c o u n t 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 g w i t h F e d e r a l R e s e r v e Banks

_ _ _ _ _ _ _ _

—

- - - - - - - -

- - -

- -

-

-

- - - - - - - -

Cash i n v a u l t - - - - - - - - - - - - - -

—

_ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _

N e t 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 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -




•Revised f i g u r e s .

j.

x.

j

iJ

M L N C L P A L ^ O S I C F A S L L M L I ^ Y ' L & S S " # ' A L L % P O R # F ^ & 6 # ^ 4 M S L N SACS FEDERAL KBtiSEVE DISTRICT A3 AT CLOSE OF 3USI1CSS, ITOVE^iESIi 1 9 , 1 9 2 4 .
.doston

f e d e r a l Reserve D i s t r i c t
r

43

t$gaber of r e p o r t i n g b a n k s

Mew York
108

l e a n s and d i s c o u n t s , g r o s s :
68,256
8,783
S e c u r e d by U . S . G o v t , o b i i g .
S e c u r e d b y s t o c k s and b o n d s 2 6 0 , 9 5 s 2 , 0 3 0 , 0 5 4
A l l o t h e r l o a n s & d i s c o u n t s 6 6 6 , t'Sj 2 , 6 1 9 , 2 1 8
T o t a l l o a n s and d i s c o u n t s

936,50s 4,717,528

Phi l a .
55
10,788
301,261
381,314

( i n t h o u s a n d s of d o l l a r s )
Atlanta
Chicago S t . L o u i s
CIeve.
Rich.
77

75

36

103

33

Minn.
25

K a n s . Cy. D a l l a s
72

50

5,718
3,157
2,553
9,708
30,557
7,527
6,779
18,353
665,543 164,116 53,724 53,979 60,935
410,035 121,107 6 2 , 9 2 s
7 2 9 , 2 9 8 3 4 5 , 7 2 3 3 7 0 , 6 2 2 1 , 1 9 5 , 1 9 7 3 1 9 , 5 0 1 2 1 6 , 9 6 7 3 2 5 , H 5 221,206

San F r a n .
66
9,603
207,670
512,724

Total
743
152,082
4, 425,310
5, 2 1 6 , 6 5 2

693,363 1,157,686 473,609 441,077 1,597,297 493,325 273,544 418,512 291,298 1,029,997 1 2 , 8 2 4 , 0 4 4

0 . S. P r e - w a r b o n d s

13,782

51,511

10,6S9

45,529

27,062

14,767

22,469

14,356

8,550

11,404

18,534

26,155

264,808

U. S. L i b e r t y bend s

85,467

704,169

54,865

194,738

34,471

10,641

158,053

25,000

27,901

41,206

12,894

125,415

1, , 4 7 4 , 8 2 0

0 . S. T r e a s u r y b o n d s

5,607

19,094

3,115

4,474

2,071

622

10,662

2,257

226

2,908

1,001

17,517

69,854

TJ. S . T r e a s u r y n o t e s

11,582

309,197

24,534

6l,0i6

2,568

2,960

119,350

10,160

19,593

24,995

8,666

34,044

628,cd5

9,046

142,931

15,490

13,148

4,450

2,339

35,351

2,705

13,615

7,313

5,149

28,525

285,623

205,134 1,157,773

257,072

348,236

64,678

42,493

415,735

96,546

35,531

69,430

19,346

152,244

2.,594,515

U. S. C e r t i f i c a t e s of
Ind e b t e v n s s s
p t h s r b e n d s , s t o c k s and
securities
•

T o t a l l o a n s and d i s c o u n t s
and i n v e s t m e n t s
1, 26% , 1 2 6 7 , 1 0 2 , 2 5 3 1 , 0 5 9 , 1 2 3 1 , 8 2 9 , 2 2 7 6 0 3 , 9 0 9 5 1 4 , 5 9 9 2 , 6 5 9 , 4 1 7 6 4 4 , 3 5 2 3 7 9 , 2 6 0 5 7 6 , 0 7 3 3 5 6 , 8 5 5 1 , 4 4 4 , 2 0 0 18;> ' 2 , 3 3 2

Beserve b a l a n c e s with F.R.Bk. 95,764

777,548

52,243

125,155

39,401

3^,527

251,293

57,366

31,406

54,970

30,636

112,142

,596,457

20,740

S3,350

17,143

33,313

14,558

10,520

53,554

7,895

6,177

12,784

10,969

21,965

254,076

3Tet demand d e p o s i t s

299,841 5,235,002

761,594

958,993

Time d e p o s i t s

324,011 1,151,073

173,750

703,329 180,163 191,860

Cash i n v a u l t

Government d e p o s i t s
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. 5 . B a n k :
S e c u r e d by U. S.G-ovt. o b l i g .
All c t h e -




356,999 301,429 1,724,662 353,361 270,523 471,766 262,653
911,657 217,136

15,403

32,501

2a, 204

17,590

. 7,079

4,946

. 11,845

2,378

443
2,104

12,099
24,325

2,400
2,575

4,012
3,890

1,955
7,499

57
8,659

2,034
2,474

557
3,728

5 0 6 , 6 2 2 13:, 0 4 3 , 4 5 6

96,459

135,269

91,595

655,432

4,, 5 6 1 , 7 3 4

1,165

2,725

3,643

15,211

139,690

227
102

250
1,915

1,097

24,034
58,371

-

• . • 'w>
B e i e *sdd f c r p u b l i c a t i o n S
y a r l b i n o o n , Tfcvear-er 2 9 , 1 9 2 4 ; r i t e a r l i e r .
PRINCIPAL RESOURCE ANE'LIABILITY ITEMS OF REPORTING MEMBER BANKS IN F . E. BANK AM) BRANCH CITIES AND IN OTHER SELECTED CITIES

St.

43370

( i n t h o u s a n d s of d o l l a r s ^
New York C i t y
Nov. 19 NOT. 1 2
Number of r e p o r t i n g b a n k s

67

67

L o a n s and d i s c o u n t s , g r o s s :
S e c u r e d by U . S . G o v t , o b l i g a t i o n s
63,122
65,759
1,827,445 1,532,768
S e c u r e d by s t o c k s and b o n d s
A l l o t h e r l o a n s and d i s c o u n t s
2,327,507 2,336,131
T o t a l l o a n s and d i s c o u n t s

C i t y of C h i c a g o
Nov. 19 Nov. -12
47

47

A l l F. R.
Bank c i t i e s
Nov. 19 Nov. 1 2
255

255

F. B.
Branch c i t i e s
Nov. 19 Nov. 1 2
1Q4

194

Other
selected c i t i e s
Nov. 19 Nov. 1 2
294

294

24,916
503,560
718,372

123,612
3 , 2 5 2 ,072
5,177,717

126,975
3,275,867
5,212,385

25,839
25,707
32,631
32,311
645,028
642,826
528,210
527,959
1,667,658 1,657,074 1 , 3 7 1 , 2 7 7 1 , 3 7 1 , 2 7 2

4,218,074 4,234,658 1,237,142 1,246,848

8,553,401

8,615,227

2,345,317

23,437
507,174
706,531

2,332,211

1,925,326

1,924,938

TJ. S . P r e - w a r b o n d s

40,934

40,934

4,107

4,123

92,261

92,363

74,085

74,534

98,462

97,800

U. S . L i b e r t y b o n d s

607,712

596,416

82,192

82,403

931,000

918,115

344,384

340,486

199,436

195,137

U. S . T r e a s u r y b o n d s

12,607

12,372

2,928

2,873

34,050

31,278

17,342

17,594

18,462

19,257

II. R. T r e a s u r y n o t e s

2Sg,840

273,965

89,592

89,533

456,119

442,661

125,418

121,226

47,128

47,050

indebtedness

140,949

131,992

23,098

21,588

222,768

211,634

46,440

46,032

16,415

16,357

and s e c u r i t i e s

899,230

896,515

199,610

201,285

1,671,570

1,673,074

694,187

689,465

528,761

525,743

6,208,346 6,186,852 1 , 6 3 8 , 6 6 9

1,648,653

TJ. S . C e r t i f i c a t e s o f
Other bmds, stocks

T o t a l l o a n s and d i s c o u n t s
and i n v e s t m e n t s
Reserve balances with
Cash i n v a u l t
N e t demand d e p o s i t s

P. R. B a n k

11,961,169 11,984,352

3,647,173 3,621,548 2,833,990 2,826,282

722,332

711,120

180,647

167,763

1,231,487

1,192,161

272,310

268,064

192,660

184,757

68,588

71,793

27 , 670

31,590

147,107

157,432

64,837

69,505

82,132

86,656

5,307,311 5,351,040 1,172,64s 1,194,052

9,189,007

9 , 282,358

2,107,695 2,154,532 1,746,754 1,758,781
1,376,405 1,377,135

844,513

805,395

447,036

431,835

2,492,480

2,457,153

26,82b

32,280

5,098

6,124

90,139

*108,449

39,038

B i l l s p a y a b l e and r e d i s o o u n t s
w i t h i . B. B a n k :
S e c u r e d by U . S . G o v t , o b l i g a t i o n s 6 , 2 3 0
til
other
22,207

1,850
4,685

425
1,888

50
925

8,548
33,944

*7,708
*15,393

Time d e p o s i t s
Government d e p o s i t s




B e v i s ed f i g u r e s .

992,849

928,735

46,975

10,513

12,661

9,157

20,925

*8,068

9,577

6,441

6,329
14,850

*13,679