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For immediate r e l e a s e SIATBilEN'J? FOE TEE PRESS gt Federal Reserve Board November g, I526. CONDITION OF MEMBER BANKS IN LEADING CITIES The Federal Reserve Board's condition statement of 692 reporting member "banks in leading c i t i e s as of November 3 shows increases of $56,000,000 m loans and discounts, $11,00C,000 in investments, $103>000,000 i n net demand deposits, $ytj,000,000 in time deposits and $46,000,000 in borrowings from the Federal r e serve banks. Member banks in New York City reported increases of $71,000,000 in loans and discounts, $13,000,000 in investments, $39,000,000 and $16,000,COO in net demand and time d e p o s i t s , respectively, and $33>000,000 in borrowings from the Federal reserve bank. Loans on stccK.s and bonds, including United States Government obligations, were $49,000,000 above the previous week's t o t a l , increases of $28,000,000 i n the New York d i s t r i c t , $1.;-,000,000 i n the Boston d i s t r i c t , and $9,000,000 and $8,000,000 i n the Philadelphia and Richmond d i s t r i c t s , r e s p e c t i v e l y , being o f f s e t i n part by a reduction o.i' ^12,000,000 in the Cleveland d i s t r i c t . A] 1 other loans and discounts increased $7,000,000 during the week. The p r i n c i p a l changer, in t h i s item were declines of $15,000,000 in the Richmond d i s t r i c t and. $10,000,000 each in the Philadelphia and Chicago d i s t r i c t s and an increase of $45,000,000 in the New York district-. Total loans to brokers and d e a l e r s , secured by stocks and bonds, made by reporting member banks in New York City were $38,000,000 above the October 27 t c t a l , loans f o r out-of-town banks having declined $4,000,000, while loans f o r own account and f o r others increased $39,000,000 and $3,000,000, r e spectively. Holdings of United States Government s e c u r i t i e s were $4,000,000 below the previous week's t o t a l , a decline of $12,000,000 in the Boston d i s t r i c t being p a r t l y o f f s e t by an increase of $7 : 000,000 in the New York d i s t r i c t . Holdings of other bonds, stocks and s e c u r i t i e s increased $15,000,000, of which $6,000,000 was in the Cleveland d i s t r i c t and $5,000,000 in the New York d i s t r i c t . Net demand deposits were $103,000,000 above the amount reported on October 2J. The p r i n c i p a l increases by d i s t r i c t s were: New York $51,000,000, San Francisco $15,000,000, Richmond $13,000,000, Boston $12,000,000, Minneapolis *10,000,000 and Philadelphia $9,000,000. Time deposits increased $26,000,000, of which $13,000,000 was i n the New York d i s t r i c t and $8,000,000 in the San Francisco d i s t r i c t . Borrowings from the Federal reserve banks were $46,000,000 above the October 27 t o t a l , the p r i n c i p a l changes including increases of $41,000,000 i n the New York d i s t r i c t and $24,000,000 in the Chicago d i s t r i c t . A summary of changes in the principal a s s e t s and l i a b i l i t i e s of reporting members during the week and the year ending November 3, 1926, follows: Increase or decrease during W. Week Year + $3^3.000,000 Loans'and discounts, t o t a l . . . . Secured by U.S.Govt, obligations Secured by stocks and bonds . . All other + $56,000,000 + 11,000,000 + 38,000,000 + 7,000,000 Investments, t o t a l U. S. s e c u r i t i e s Other bonds,stocks and s e c u r i t i e s + 11,000,000 4,000,000 + 15,000,000 + 126,000,000 46,000,000 + 172,000,000 Reserve balances with F. R. Banks Cash in vault - 13,000,000 + 16,000,000 + 12,000.000 + 46,000,000 + 309,000,000 51,000,000 5,000,000 Net demand deposits Time deposits Government deposits .+ 103,000,000 + 26,000,000 - 199,000,000 + 416,000,000 + 49,000,000 Total borrowings from F. R. Banks + 46,000,000 + 1,000,000 32,000,000 Tor immediate release s t . 5150a PRINCIPAL RESOURCES Aim LIABILITIES OF REPORTING MEMBER BANKS IN LEADING CITIES (In t no us anas of dollars) Reporting member banks Reporting member banks All reporting camber banks in New York City . in Chicago Nov. 3 Oct. 27 Nov. 4 Nov. 3 Oct. 27 Nov. 4 Nov. 3 Oct. 27 Nov. 4 192b 1926 1925 192b 1926 1925 1926 1926 1925 Number of reporting banks 692 692 723 61 55 46 46 55 46 Loans and discounts, gross: Secured by U. S. Government obligations 151,765 140,572 163,721 53,314 44,614 4?,g42 13,929 12,659 17,323 Secured by stocks & bonds - - - - - - 5,438,407 5,400,333 5,392,041 1,915,461 1,591,067 2,132,212 684,528 621,629 656,41Q All other loans and discounts - - - - 8,780,129 8,773,306 2,471,084 ^ . J 3 1 l 8 7 1 2,404,249 2,331,163 697,542 709,523 682,914 Total loans and discounts - - - - — 14,370,301 14,314,211 14,026,246 4,500,654 4,429,930 4,513,217 1,395,999 1,403,211 1,356,656 Investments: U. S. Government s e c u r i t i e s - - - - - 2,462,104 2,466,421 2,505,170 877,972 867,943 892,533 162,423 160,914 173,^2. Other bends, stocks and s e c u r i t i e s - 3,126,089 3,111,302 2,954,084 840,329 837,348 550,875 202,642 208,017 183,-52 Total investments - - - - - - - - 5,528,193 5,577,723 5,'4627254 1,712,361 1,705,291 371,065 362,931 356,914 Total loans and investments - - - - - - 19,958,494 19,891,934 19,429,100 6,219,015 6,135,221 1,767,064 1,772,742 1,713,570 Reserve balances witn F R. Banks - - - 1,621,418 1,634,790 1,672,773 653,141 669,321 702,104 180,512 177,341 170,384 Cash in vault - - - - 303,094 28l,0b6 298,420 60,136 64,63O 70,389 21,22b 23,549 ^4,423 Met demand deposits 13,020,750 12,917,991 13,219,775 '4,980,789 4,942,145 1,207,251 1,216,334 l,c06,b35 Time deposits - - 5,764,726 5,738,^52 5,348,312 259,615 843,d85 765,547 519,555 515,835 493,520 Government deposits 134,926 13 b, 245 56,392 36,763 21,546 36,763 9,170 9,170 3,353 d i l l s payable and rediscounts with I . R. Banks: Secured by U.S.Government obligations - - - d40,854 273,549 244,379 48,265 31,400 73,555 35,830 25,367 5,415 All other - - - - - - - - - - — - - - - - 210.605 197,012 207,671 45,675 29,556 4b.184 12,759 6,669 3,285 Total borrowings from I . R. Banks - - - 454,154 437,56b 452,050 93,940 61,266 119,769 j 45,619 32,036 5,700 Loans to brokers and dealers (secured by stocks and bonds) made by reporting member banks in New York City: For own account 839,582 500,673 For account of out-cf-town banks 1,047,443 1,050,892 For account of others 753.354 750,631 Total 2,640, 379 2,602,196 On demand 1,929,519 1,583,489 0" On time 710,860 712,707 I c r immediate release _j Pn I NCI PAL ttESOURCJSS AM LIABILITIES OF ALL REPORTING MEMBER BAMS IN EACH FEDERAL RESERVE DISTRICT AS AT CLOSE OF SUSIKBSfc, NOVEMBER f ^ l S 2 k (In thousands of dollars) F e deral Reserve District Boston New York Pnila. Clave. Ricxi. Atlanta Chicago St.Louis ./linn. Kaus.Cj Dallas San Fran, Total ffurnber of reporting banks 35 • 50 93 75 68 35 99 31 24 67 ' 47 65 692 Loans and discounts, gross: Secured by U.S.Govt, oblig. £,374 56,16? 12,350 Secured by stocks & bonds 361,549 2,193,023 414,615 All other loans & discounts b&>,194 2,855,426 379,940 l o t a ! loans and discounts 1,0)0,117 5A3»,&6 606,935 1.367,950 519,916 522,602 2 , l E 0 , 6 6 l '523,716 2 5 3 , S 3 423,'206 320:804 1 , 2 ^ 9 9 3 I k , ^ 0 1 Investments : U. S. Government s e c u r i t i e s 139,240 994,626 85,058 286,017 7C,3v3 41,341 309,068 62, OA. 66,685 103,235 5^,107 245,400 2,462,104 Other bonds, stocks & secur. 253,129 1,155,765 26-3,755 369,855 66,985 55,619 452,311 117,752 48,046 94,560 25,331 _a ; 3,90i 3,126,059 Tot al i nve s t -ne nt s 392,369 2,150,391 351,813 655,902 137,288 99,960 761,379 179,776 114,731 197,795 75,488 465,301 5,588,193" Total loans and investments 1,422,48b 7,285,00% 1,158,748 2,023,8 52 657,204 622,562 Reserve balances withF.R.3k.. 100,Q41 Cash in vault 22,740 •'et demand deposits Time deposits Government deposits Bills payable and rediscounts with F. R. Bank: Secured oy U.S. Govt, oblig. All 0tner Total borrowings from 5. R. Bank 713,551 82,309 944,599 5,546,564 428 , 441 1,298 , 566 16,923 40,132 85,792 17,689 126,342 43,435 39,492 32,972 14,547 11,107 755,899 1,041,128 392,404 336,08b 244,470 823,373 209,143 225,206 17,711 10,365 3,343 6,841 6,900 6,550 92,735 49,742 5,350 6, 620 13,450 142,4/7 11,970 5,544 11,151 4,077 24,489 50,343 16,695 28,566 28,788 21,555 2,942,240 703,494 368,314 621,001 399,292 1,754,294 19,958,494 252,435 45,141 57,299 8,980 24,378 7,005 53,345 28,639 12,442 12,379 1,789,111 403,487 226,330 493,b21 272,2ob l,057,b40 218,746 1 21,083 150,378 100,769: lb, 926 2,496 913 1,943 4,129 73,157 10,363 28,798 18,289 101,985 28,b52 107,927 23,625 1,621,418 303,094 789,255 13,020,750 886,851 5,764,726 13, 2C4 134,926 5,24u 1,595 1,437 8,855 6,032 8,743 33,59b 23,918 273,549 a0,605 7,135 10,292 14,775 57,314 484,154 1 BANAJiRS BALANCES OF REPORTING MEMBER BANKS IN FEDERAL rtESERVE BANK CITIES Due to banks Due from banks 135,613 1,146,936 48,0y0 111,569 172,620 62,128 47,378 26,5b7 32,657 18,424 19,213 14,799 358,259 160,420 79,328 31, b42 57,595 101,529 33,357 24,879 49,209 30,622 103,128 2,256,554 50,198 629,336
@FedFRASER