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STATEMENT JOE THE PRESS „ ' ;st. 6370 Federal Reserve Board, November 4, 1929 CONDITION OF WEEKLY REPORTING- MEMBER BANKS IN LEADING CITIES release The Federal Reserve Board's c o n dition statement of weekly r e p o r t i n g member banks i n leading c i t i e s on October 30 shows i n c r e a s e s f o r the week of $1, 536,000,000 i n loans and investments, $1,796,000,000 i n n e t demand d e p o s i t s and $175,000^000* in borrowings from F e d e r a l reserve banks, and decreases of $15,000,000 in time depos i t s and $4,000,000 i n Government d e p o s i t s . Loans on s e c u r i t i e s i n c r e a s e d $1,180,000,000 in the New York d i s t r i c t , $33,000,000 i n the Chicago d i s t r i c t , $27,000,000 i n the Cleveland d i s t r i c t , $25,000,000 i n the P h i l a d e l p h i a d i s t r i c t and $1,259,000,000 a t a l l r e p o r t i n g banks. All other" loans i n c r e a s e d $175,000,000 a t a l l r e p o r t i n g banks, $100,000,000 i n the New York d i s t r i c t , $31,000,000 i n the Chicago d i s t r i c t and $14,000,000 i n the San Francisco d i s t r i c t . Holdings of U. S. Government s e c u r i t i e s increased $28,000,000 a t a l l r e p o r t i n g banks, an i n c r e a s e of $41,000,000 i n the New York d i s t r i c t being p a r t l y o f f s e t by decreases of $12,000,000 i n the San Fr'ancisco d i s t r i c t and $4,000,000 i n the Chicago d i s t r i c t . Holdings of other s e c u r i t i e s increased $58,000,000 i n the New York d i s t r i c t , $7,000,000 i n the Cleveland d i s t r i c t and $74,000,000 a t a l l r e p o r t i n g banks. Eie p r i n c i p a l changes i n borrowings from Federal reserve banks f o r the week comprise i n c r e a s e s of $131,000,000 a t the Federal Reserve Bank of New York a t Cleveland and $21,000,000 a t P h i l a d e l p h i a , and a decrease of $11,000,000 a t 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 r With changes durin follows^ 0 e the week and the year ending October 30, 1929, (in m i l l i o n s of d o l l a r s ) Increase or decrease since Oct. 30. 1929 Oct. 21. 1929 Oct.31.1928 Loans and investments - t o t a l 24,431 + 1,536 + 2,403 Loans - t o t a l 18,93% + 1,434 + 2,857 + 2,221 + 636 On s e c u r i t i e s All other 9,179 9,755 + 1,259 + 175 Investments - t o t a l 5,496 4- 101 - *+55 2,682 2,814 + + 28 74 - 3^5 110 1,990 269 + 265 31 + + 252 20 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 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. Banks F 15,110 6,86s 127 1,257 3,290 729 4" 1,796 + + 605 + + 175 +* + 1,785 + 3 8 — 103 215 26 Federal Reserve Board. October 31, 1929 For immediate r e l e a s e CONDITION OF iTEEKLY REPORTING M3?£3SR BASIIS IN CELTTRAL RESERVE CITIES (In m i l l i o n s of d o l l a r s ) Oct. 30 1929 Oct. 23 1929 Oct. 31 1928 -1.010 7,619 7,050 7,191 5,899 5,220 4,205 2,986 3,005 2,894 2,606 2,6I4 1,819 1,721 1,830 990 829 947 773 1,101 730 982 76 % FEW 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 TJ. 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. E. Bank Cash in v a u l t 759 53 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 6,851 1,257 36 5,298 1,257 37 5,273 1,217 4i Due from hanks Dae to hanks 120 1,389 123 877 103 1,069 170 4i 160 2,069 1,026 2,443 5,538 5,063 475 1,077 1,733 3,823 6,634 6,194 439 1,021 1,732 2,154 4,907 4,296 611 Loans and investments - t o t a l 2,173 2,117 _2,272 Loans - t o t a l 1,786 1,733 1,619 1,034 752 i,oo4 • 729 862 757 387 384 46o 162 224 162 221 204 256 194 17 187 15 176 17 1,387 631 9 1,309 683 9 1,259 675 8 3% 138 292 160 336 l 4 79 Borrowings from F. R. Bank Loans on s e c u r i t i e s to b r o k e r s and d e a l e r s : For own account For account of out-of-town hanks For account of o t h e r s Total On demand On time CHICAGO 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 F. R. Bank 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 Dae from hanks Dae to hanks Borrowings from F. R. Bank ( S t . 6370a) For immediate r e l e a s e St. 6370"b PRINCIPAL RESOURCES AtTD LIABILITIES OF WEEKLY REPORTING MEMBER BANKS IN EACH FEDERAL RESERVE DISTRICT ON OCTOBER 30, I929 ( i n m i l l i o n s of d o l l a r s ) Total Boston Federal New York P h i l a . Cleve. Reserve Rich. A t l a n t a Chicago District St. Minn- Kansas T.nni a l e a n o l i s City Dallas San Fran. Loans and i n v e s t m e n t s - t o t a l 24,431 1.566 10.288 1.261 2.218 674 643 3,482 709 4l6 706 504 1.964 Loans - t o t a l 18.934 1,237 8.170 958 1.593 516 519 2.830 553 293 476 386 l.4o4 9,179 9,755 684 4,651 3,519 Sf 756 836 190 326 151 369 1,363 1.466 250 303 87 206 125 351 102 284 439 965 5>96 329 2,118 303 626 157 123 652 156 124 231 118 559 2,682 2/814 165 164 1,090 1,028 92 211 297 329 84 II 298 354 47 109 1.68 56 127 1,990 269 105 17 1,045 91 74 15 129 31 4% 13 39 10 279 4o 44 7 30 6 15,110 6,86s 127 7 7,458 1,837 39 709 263 13 1,056 938 15 348 244 4 317 227 9 2,025 1,265 13 377 232 2 1,257 3,290 65 153 194 1,444 61 161 108 191 53 101 77 112 239 432 729 24 197 61 97 28 4i 70 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 with F. R. Bank Cash i n v a u l t Net demand deposits Time d e p o s i t s Government d e p o s i t s Dae from hanks Due t o "banks Borrowings from F.R.Bank F & 317 242 59 11 33 8 111 20 247 130 1 496 180 2 298 139 10 788 947 13 66 126 56 80 123 199 58 104 156 187 38 33 39 25 77
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