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STATEMENT FOB THE PRESS
SV!
Federal Reserve Board,
November 6, 1924.
Released f o r p u b l i c a t i o n
Friday a f t e r n o o n , Nov. 7;
not e a r l i e r .
CONDITION OF MEMBEP BANKS IN LEADING CITIES
Decreases of $ 7 9 , 0 0 0 , 0 0 0 i n loans and d i s c o u n t s and of $ 9 1 , 0 0 0 , 0 0 0 i n net demand d e p o s i t s , as a g a i n s t i n c r e a s e s of $ 7 4 , 0 0 0 , 0 0 0 i n i n v e s t m e n t s , are shown i n the
Federal Reserve Board's weekly c o n s o l i d a t e d statement of c o n d i t i o n on October 29 of
z7^3 member banks i n l e a d i n g c i t i e s .
Loans on U. S, Government s e c u r i t i e s and on c o r p o r a t e s e c u r i t i e s d e c l i n e d by
y $11,000,000 and $ 1 0 8 , 0 0 0 , 0 0 0 , r e s p e c t i v e l y , while "All o t h e r , " l a r g e l y commercial,
l o a n s and d i s c o u n t s went up $ 4 o . 0 0 0 , 0 0 0 , Holdings of United S t a t e s bonds i n c r e a s e d
by $ 6 , 0 0 0 , 0 0 0 , of T r e a s u r y / ( y § 2 1 , 0 0 0 , 0 0 0 and of corporate s e c u r i t i e s b y $48,000,000Total l o a n s and d i s c o u n t s of the New York C i t y banks d e c l i n e d by $ 1 0 8 , 0 0 0 , 0 0 0 ,
d e c r e a s e s of $ 1 0 , 0 0 0 , 0 0 0 i n l o a n s on U. S. Government s e c u r i t i e s and of $ 1 1 9 , 0 0 0 , 0 0 0
i n 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 b e i n g o f f s e t i n part by an i n c r e a s e of $ 2 1 , 0 0 0 , 0 0 0
i n "All other" loans and d i s c o u n t s .
A l l c l a s s e s of i n v e s t m e n t s advanced during the
week, United S t a t e s s e c u r i t i e s - by .$14,000,000 (mostly i n Treasury n o t e s ) and corporate s e c u r i t i e s - by $ 3 9 , 0 0 0 , 0 0 0 ,
Net demand d e p o s i t s were $ 9 1 , 0 0 0 , 0 0 0 l e s s than the p r e v i o u s week, t h e l a r g e r
d e c l i n e of $ 1 2 3 , 0 0 0 , 0 0 0 i n the New York d i s t r i c t b e i n g p a r t l y o f f s e t by i n c r e a s e s i n
other d i s t r i c t s , p r i n c i p a l l y B o s t o n , Cleveland, Chicago and Kansas City,
Time dep o s i t s were $ 3 9 , 0 0 0 , 0 0 0 h i g h e r than a week ago at a l l r e p o r t i n g banks and $ 2 6 , 0 0 0 , 0 0 0
I # higher a t banks i n Mew York C i t y ,
Reserve b a l a n c e s of a l l r e p o r t i n g banks went up $ 7 , 0 0 0 , 0 0 0 , and t h o s e of t h e
New York City members - $ 5 , 0 0 0 , 0 0 0 .
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 during the week and year ending October 29, 1924, f o l l o w s :
Increase
or
decrease
Year
Week
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
Secured by s t o c k s and bonds , , .
All other . .
-$79,coo,ooo
Investments, t o t a l
. . .
U. S. bonds . . . . .
U. S. Treasury 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
Other bonds, s t o c k s and s e c u r i t i e s
during
+$220,000,000
- 11,000,000
-
-105,000,000
+ 40,000,000
+ 660,000,000
+ 212,000,000
+ 74,000,000
+ 6 ,ooo : 000
+1,021,000,000
+ 21,COO s 000
-
1,000,000
+ 48 j 0 0 0 , 0 0 0
+
+
+
52,000,000
355,000,000
241,000,000
229,000,000
648,000,000
Reserve b a l a n c e s w i t h F. E. Banks ,
Cash i n v a u l t ,
. ,
+ 7.000,000
* 258,000,000
+ 10,000,000
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
- 91,000,000
+ 39,000,000
-
2,000,000
+1,764,000,000
+ 751,000,000
+ 100,000,000
Total accorrmodation at F, R, Banks
-
2,000,000
-
w.
{
528,000,000
Sv„4^0oa
3: c..:c) 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 , November 7 > -324; n o t e a r l i e r .
'
PRINCIPAL RESOURCE AND LIABILITY ITEMS OF REPORTING MEMBER BANKS IN LEADING CITIES
'
( I n thousands of d o l l a r s )
Oct. 22, 1924
Apr. 30, 1924
Oct. 3 1 , 1523
7^3
744
755
769
Loans and d i s c o u n t s , g r o s s ;
Secured by U. S. Government o b l i g a t i o n s
Secured by s t o c k s and bonds ( o t h e r than U, S. s e c u r i t i e s ) - - - - - - - - - A l l o t h e r l o a n s and d i s c o u n t s
~
- - - -
151,113
4,366,124
8,216,431
192,114
4,474,047
5,176,777
213,615
3,972,900
7,93^,746
232,936
3,706,245
8,004,253
T 6 t a l l o a n s and d i s c o u n t s - - - - - - - - - - - - - - - - - - - - - - - - -
12,763,668
12,842,935
12,121,261
11,943,434
264,777
264,974
271,915
274,706
1,449,036
1,441,744
1,095,447
1,043,806
69,695
69,728
82,474
623,168
602,499
660,284
563,735
306,549
307,150
101,037
75,117
Oct, 2 9 , 1924
Number of r e p o r t i n g banks
—
~
U„ S. Pre-war "bonds - - - - - - - - - - - - - - - - - - - - - U. S. L i b e r t y bonds - - - - - - - - - - - - - - - - - - - - - - - - - - - - - U. S. Treasury bonds
U. S. Treasury n o t e s
- - —
-
~ —
- - - - - - - - - - - -
—
"
~
- - - - - - - -
69,019'
~
_ _ _ _ _ _
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
—
Other bonds, s t o c k s and s e c u r i t i e s
- - - - - - - - - - - - - - - - - - - - - -
2,835,683
2,790,565
2,336,466
2,190,425
Total l o a n s and d i s c o u n t s and investments - - - - - - - - - - - - - - - - - -
15,314,900
18,319,565
16,656,138
16,473,697
Reserve b a l a n c e s w i t h Federal Reserve Banks - - - - - - - - - - - - - - - - - -
1,646,359
1,639,617
1,454,687
1,388,357
292,832
292,915
268,509
253,104
12,922,096
13,012,875
11 > 3 8 >934
11,155,316
4,782,263
4,7^2,975
4,285,324
4^031,675
- - - - - - - - - - - - -
195,736
200,446
206,855
95,344
B i l l s payable and r e d i s c o u n t s w i t h Federal Reserve Banks:
Secured by U„ S. Government o b l i g a t i o n s
- - - - - - - - - - - - - - - - All other - - - - - - - - - - - - - - - - - - - - - - - - - — - - - - - -
20,4I6
44,66l
23,232
43,316
80,463
123,790
304,362
285,520
.4
.4
l. 2
3.6
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 - - - - - - - - - - - - - - -
—
Ratio 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 Federal Reserve Banks t o
t o t a l l o a n s and i n v e s t m e n t s , p e r c e n t - - - - - - - - - - - - — W.
- - -
- -
tieleased
f o r p u b l i c a t i o n ario&y
a f t e r n o o n , November 7, 1924; not e a r l i e r ,
* PRINCIPAL RESOURCE AND LIABILITY ITEffii OF ALL REPORTING MMBHI BANKS IN EACH FEDERAL RESERVE DISTRICT AS AT CLOSE OF BUSINESS, OCTOBER^, 1924.
STL,',
—•*-—:
———
(In thousands of d o l l a r s )
Pe
eral Beserve D l s t r l c t
B st
*' "
° °"
Tork
Phlla.
CI eveRich. A t l a n t a Chicago S t . Louis
H-znte, of reporting banks
Loans anfl ti,=<mnts, gross:
43
10S
^
.Mcago st.Lcul,
"
103
^
33
M,nn. Kans.Cy. Pallas San Fran. Total
25
"
50
66
• 7"3
jESHEB iiiilJiLiiil i:i M ii jg iE IS d
i i r i i i i i i i i i E i i i
623,168
tJ. S. C e r t i f i c a t e s of
,
r
r
r
„
-
.
„
* " *
» • ' »
' • »
» • «
—
-•«-
> «
» . »
irllllllllllll
Z
'
2
,
„
»
.
»
•
»
.
°
»
—
.
.
-
•
-
,
and investments
w i t h F. E» Bank:
—
~ •»"
tS i.?4 i-M
K
S ,S » >3
,g° £S
tb leased f o r p u b l i c a t i o n Friday a f t e r n o o n , November 7 , 1924; not e a r l i e r .
'
PRINCIPAL RESOURCE AND LIABILITY ITEMS OF REPORTING MEMBER BANKS IN F. R. BANK AND BRANCH CITIES AND IN OTHER SELECTED CITIES
New York City
Oct. 29 Oct. 22
67
Dumber of r e p o r t i n g banks
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 a t i o n s
Secured by s t o c k s and bonds
A l l other loans and discounts
Total loans and d i s c o u n t s
U. S. Pre-war bonds
U. S. L i b e r t y bonds
U. S. Treasury bonds
U. S. Treasury n o t e s
U. S. C e r t i f i c a t e s of indebtedness
Other bonds, s t o c k s and s e c u r i t i e s
T o t a l loans and d i s c o u n t s
and investments
62,804
1,722,713
6,084,945
Cash i n v a u l t
Net demand d e p o s i t s
73,029
1,841,629
J i ww J
47
47
22,499
535,164
t V >v V —
255
22,387
122,474
22
255
133,135
539,555 3,194,986 3,308,990
F. R.
Branch c i t i e s
Oct. 29 Oct. 22
194
32,518
64i,46l
195
33,pU7
633,445
Other
selected c i t i e s
Oct. 29
Oct.
294
26,121
529,677
22
294
25,932
531,609
Government d e p o s i t s
B i l l s payable 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 a t i o n s
A l l other
11,923,147 3,610,759 3,593,802 2,811,773 2,802,616
1,213,344 1 , 2 0 0 , 4 6 6 260,968 259,371 172,107 179,780
6 , 1 3 9 , 6 8 1 1 , 6 7 7 , 3 0 9 1 , 6 6 9 , 4 5 1 11,892,368
727,932
723,019
168,290
162,584
68,082
66,674
28,132
31,533
146,313
5,294,731 1,231,396 1,221,888
9,124,648
5,177,529
Time d e p o s i t s
67
( i n thousands of d o l l a r s )
All F. R.
Bank
cities
City of Chicago
Oct. 29 Oct.
Oct. 29
Oct. 22
1,921,172
4,112,297 4,220,483 1,288,695 1,284,795 8,530,625 8 , 6 1 7 , 0 6 0 2 , 3 1 3 , 7 8 1 2 , 3 0 4 , 7 0 6 1 , 9 1 9 , 2 6 2
98,302
98,302
74,488
74,512
92,184
91,963
4,127
4,125
40,883
40,883
907,46a 346,107 344,819 191,977 189,463
910,952
84,411
83,539
594,739
595,871
18,244
18,531
17,146
17,621
34,018
33,154
3,384
14,176
3,399
14,123
47,312
46,808
440,071 121,749 115,116
454,611
86,243
89,487
271,436
282,364
15,883
15,977
55,947
55,206
235,320
18,494
235,366
17,374
154,932
157,158
843,032 189,818 188,869 1,635,697 1,597,032 681,783 681,580 521,203 5H,953
882,249
Reserve b a l a n c e s w i t h F. R. Bank
w.
S».430Sc.
813,312
787,483
37,708
37,708
1,350
550
10,511
7,799
411,580
7,579
850
100
411,922 2,423,953
128,6o4
7,579
150
4,296
19,829
147,257
64,210
62,623
82,309
83,035
9,202,392 2,093,005 2,092,164 l,704,443 1,718,319
2,395,270 1,372,880 1,368,837
•130,314
55,217 *55,217
4,513
18,678
8,900
8,776
•Revised figures.
10,357
9,687
985,430
14,915
7,220
16,056
978,871
14,915
8,362
14,951
@FedFRASER