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STAJEM5&T FOB THE PRESS For immediate r e l e a s e St. 5959 Federal Reserve Board IT6vember 5, 1928. COHDITIOH OF MBMBER BAH1CS DT LEADING CITIES The Federal Reserve Board 1 s condition statement of reporting member tanks in leading c i t i e s on October 31 shows increases of $122,000,000 in loans and discounts, of $165,000,000 in net demand deposits, of $21,000,000 i n time deposits and of $1^,000,000 in borrowings from Federal reserve banks, and decreases of $4,000,000 in investments and of $7,000,000 in Government d e p o s i t s . ^ Loans on stocks and "bonds, including TJ. • S. Government o b l i g a t i o n s , were i?75.000,000 above the October 24 t o t a l at a l l reporting banks, an increase of s-46,000,000 being reported by member banks in the Hew York d i s t r i c t , of ^14,000,000 in the Boston d i s t r i c t , of $7,000,000 in the P h i l a d e l p h i a d i s t r i c t , and of $5,000,000 each in the Chicago and Cleveland d i s t r i c t s , and a decline of $6,000,000 in the Atlanta d i s t r i c t . 11All other n loans and d i s counts increased $7,000,000 each in the Atlanta and Cleveland d i s t r i c t s , *6,000,000 each in the Boston and Hew York d i s t r i c t s , $5,000,000 in the St. Louis d i s t r i c t and $47,000,000 a t a l l r e p o r t i n g banks• Holdings of U. S. Government s e c u r i t i e s declined $30,000,000, a l l d i s t r i c t s p a r t i c i p a t i n g in the decrease, while holdings of other bonds, stocks, and secur i t i e s increased $25,000,000 a t a l l reporting banks, $22,000,000 in the Hew York d i s t r i c t , and ,000,000 in the Chicago d i s t r i c t . Net demand d e p o s i t s , which at a l l r e p o r t i n g banks were $165,000,000 above the October 24 t o t a l , increased $136,000*000 in the Hew Y6rk d i s t r i c t , $12,000,000 each in the Boston and Minneapolis d i s t r i c t s , $9,000,000 each in the Cleveland and St. Louis d i s t r i c t s , and $6^000,000 in the San Francisco d i s t r i c t , and declined $27,000,000 i n the Chicago d i s t r i c t . Time deposits increased $9,000,000 in the Cleveland d i s t r i c t , $8,000,000 in the San Francisco d i s t r i c t , $7,000,000 in the Chicago d i s t r i c t , and $21,000,000 at a l l r e p o r t i n g banks. The p r i n c i p a l changes in borrowings from Federal reserve banks f o r the week comprise increases of $ 2 2 , 0 0 0 , 0 0 0 i n the Chicago d i s t r i c t , $ 1 1 , 0 0 0 , 0 0 0 i n the |ew York d i s t r i c t and $6,000,000 in the Philadelphia d i s t r i c t , and declines of $8,000,000 i n the San Francisco d i s t r i c t , and of $ 7 , 0 0 0 , 0 0 0 each in the Cleveland and Minneapolis d i s t r i c t s , 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 632 reporting member banks, together with changes during the week and the year ending October 31, 1928, follows; (in thousands of d o l l a r s ) Oct. 31 Increase or decrease during 1928 Week Year w + *118,513 Loans and investments - t o t a l 22,4q7,214 + 1,279,027 — J * 'J. 1 , '— ' ' j >v ~ i Loans and discounts - t o t a l l6,06'o ,870 + *122,021 + 960,060 Secured "by U.S.Govt, obligations Secured by stocks and bonds All other loans and discounts 11H.2ZL 6,737,993 9,214,656 + + + 1,072 74,266 *46,683 + + 524,723 446,500 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 5/430,3^ — + + 318,967 436,599 117(532 + 12,316 Reserve with I . R. Banks Cash in v a u l t Net demand, deposits Time deposits Government deposits Due from banks Due to banks Borrowings from J . R . banks - t o t a l Secured by U.S. Govt, obligations All other . Digitized forcFRASER 3,029,900 3,508 29,516 3,4oo,444 + 26,008 1,745,027 250,070 + 48,677 3,458 13,368,304 6,939,676 134,733 1,161,121 3,309,54o 702,518 463,077 239,441 •Oct. + + 164,584 21,356 6,790 + + 25,20s 139,611 + 14,344 11,163 9,219 + 139,334 527,525 43,772 99,100 302,684 + 470,507 + 17,902 320,927 + 149,580 3,558 24 f i g u r e s r e v i s e d . + For immediate r e l e a s e Federal Reserve Board., IIovember 1 , 1 9 2 8 . ' CONDITIO!! OF 7JEEKLY REPORTING 13LSSB BMCS IN CENTRAL RESERVE CITIES ( i n thousands of d o l l a r s ) NEW YORK - 45 BANKS Oct. 31 IS 28 Oct. 2% 192s lot. 2 1927 Loans and investments - t o t a l 7,310,395 7,248,689 6,810,332 Loans and discounts - t o t a l 5,373.337 5,327,710 5,028,412 36,657 2,544,743 2,791,937 36,629 2,504,896 2,786,185 2,345,640 2,642,076 1,937,058 1,100,574 836,484 1,920,979 1,781,920 1,107,203 813,776 892,405 753,505 53,161 5,273,188 700,779 Secured "by U.S.Govt, o b l i g a t i o n s Secured by stocks and "bonds All other loans and discounts Investments - t o t a l U. S. Other Reserve Cash i n Government s e c u r i t i e s "bonds, stocks and s e c u r i t i e s with F. R. Bank vault Net demand deposits Time deposits Government deposits Due from "banks Due to "banks Borrowings from F. R. "bank - t o t a l Secured "by U.S.Government obligations All other 52,654 40,696 889,515 737,190 57,731 1,216,949 5,138,311 1,219,241 40,991 103,192 1,272,192 1,156,536 1,327,555 156,535 27,57s 68,880 87,655 14,4-50 13,128 957,397 1,736,811 2,078,085 1,082,938 1,279,378 1,009,389 160,386 114,380 46,008" Loans to brokers and d e a l e r s (secured by stocks and bonds); For ovm account 1,020,710 For account of out-of-town banks 1,732,177 For account of others 2,154,277 5,235,67s 1,034,543 65,422 43,154 102,939 112,215 Total 4,907,164 4,772,293 3,371,705 On demand • * On time 4,296,088 611,076 4,162,450 509,843 2,579,173 792,532 Loans and investments - t o t a l 2,083,934 2,071,549 1,970,076 Loans and discounts - t o t a l I,6l6,s4l l,606,361 1,523,671 15,068 798,454 803,319 15,846 792,319 798,196 465,188 16,160 829,781 677,730 446,405 206,012 259,176 137,555 182,771 187,367 18,286 CHICAGO - 43 BAHIC6 Secured by U.S.Govt. o b l i g a t i o n s Secured by stocks and bonds All other loans and discounts Investments - t o t a l U. S. Other Reserve Cash in Government s e c u r i t i e s bonds, stocks and s e c u r i t i e s with F. R. Bank vault Net demand deposits Time deposits Government deposits Due from banks Due to "banks Borrowings from F. R. Bank - t o t a l Secured by U.S.Government obligations All other C. 467,093 204,012 263,081 176,209 17,083 1,258,857 675,139 7,987 160,333 16,837 258,850 1,305,380 618,532 8, 4os 11,462 1,276,000 670,306 155,510 333,303 153,717 361,448 79,495 41,943 66,591 16,64% 51,372 14,291 37,552 15,219 335,774 * ( S t . 5959a) 2,35b j r i - = = ot h %f''*' »r^, For immediate relAARA 1 s t k s , & se=,„. ^ = : = : = : xTxunber of reporting banks # # 3,Uoo,W, ~ - » « . # # ass, 3 oo # ^ ^ „ # § ^ 59,680 = M « ^,003 = 72,952 ^ ^ 36s,4g 1,§: " % % s:s? % &::: % i:§ i:- ^ % 1|: !: ?1:l 111 || ig ''IS |1 §:g i:|:|% ^ %% « ^ - S S . J S M 6 s s a s s M M 532 36 77 77 1,7 % jbs D ' 70 64 31 92 29 24 64 44 ' D 54
@FedFRASER