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STATSvSJT FOR TW3 PRESS i2LJSns^tej^lease Federal R o s e ^ B o a r d , October l 4 , 1929. CONDITION OF V7EEKLY REPORTING M3!£3ER BANKS IN LEADING- CITIES ' The f e d e r a l Reserve B o a r d ' s c o n d i t i o n statement of weekly r e p o r t i n g member t>3zu.s in l e a d i n g c i t i e s on October 9 shows d e c r e a s e s f o r t h e week of 0I56 000 000 i n loans and i n v e s t m e n t s , $255,000,000 i n n e t demand d e p o s i t s , $22,000,000 i n ' time d e p o s i t s , $>12,000,000 i n Government d e p o s i t s and -cd, 000,000 i n borrowings from Federal r e s e r v e banks. , L o a i l s 011 s e c u r i t i e s d e c l i n e d $114,000,000 in the New York d i s t r i c t , & . 0 0 0 ' 0 0 0 i n t h e Cleveland d i s t r i c t , $7,000,000 in t h e Chicago d i s t r i c t and vl^S- ,000,000 a t a l l r e p o r t i n g b a n k s . " I l l o t h e r " l o i n s d e c l i n e d $20,000,000 a t a l l r e p o r t i n g banks, $12,000,000 i n the Now York d i s t r i c t and $7,000,000 i n the Boston d i s t r i c t , and i n c r e a s e d $2,000,000 i n the Dallas d i s t r i c t . holdings of U. S. Government s e c u r i t i e s i n c r e a s e d $11,000,000 i n the Hew York d i s t r i c t and d e c l i n e d ?8,000,000 i n the Chicago d i s t r i c t and '^4,000,000 ?,t a l l r e p o r t i n g banzes, while h o l d i n g s of other s e c u r i t i e s i n c r e a s e d >9,000 000 i n the New York d i s t r i c t and $6,000,000 a t a l l r e p o r t i n g banks. ^ ^ demand d e p o s i t s , which a t a l l r e p o r t i n g banks were $255,000,000 below the October 2 t o t a l , d e c l i n e d yl2o,000,000 i n the New York d i s t r i c t , 532,000,000 i n the Boston d i s t r i c t , <>30,000,000 i n the Cleveland d i s t r i c t and $21,000,000 in the San Francisco d i s t r i c t , and i n c r e a s e d $15,000,000 i n the S t . Louis d i s t r i c t and «9,000,000 i n the Dallas d i s t r i c t . Time d e p o s i t s d e c l i n e d $22,000,000 and Government d e p o s i t s $12,000,000. The p r i n c i p a l changes i n borrowings from Federal r e s e r v e banks f o r the week were de c re ase s of $17,000,000 a t t h e Federal Reserve Bank of New York, £24,000,000 a t Chicago and $19,000,000 a t S t . Louis, and an i n c r e a s e of %9,000,000 a t Cleveland. . 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 anks, t o g e t h e r w i t h changes during the week and the y e a r endinf October v9 J 1929 ipllows: ( i n m i l l i o n s of d o l l a r s ) I n c r e a s e or d e c r e a s e s i n c e Oct. 9.1929 Oct. 2, 1929 Oct. 10. 1928 Loans and investments - t o t a l 22, ^73 — 156 + Loans - t o t a l 17,269 - 159 +1,302 7,687 - 139 On s e c u r i t i e s All o t h e r 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. Banks -ash in v a u l t l e t demand d e p o s i t s imo, d e p o s i t s government d e p o s i t s 3ue from banks Jue to banks Borrowings from F. R. Banks C 9,582 _5,4o3 2 2,7lL7 + 6 1,636 248 + 18 2,656 13,O4O 6,303 + 880 20 + 4 4i 835 + 422 - 468 319 - 149 + - 4 19 255 22 18 30 + 144 2,74s ?1 l4o - 283 512 '90 - 15-. 209 1,126 - - 118 12 i ' o d e r i l Reserve Board October 10, 19 29 For Immediate r e l e a s e CCE3III0LI 0? ".TSEKLY REPORTING "ESER BAMS IK CE-TZRIL RES'RVE CITIES ( i n m i l l i o n s of d o l l xrs) Oct. 9 1929 Oct. 2 1929 Oct. 10 192S Loans and i n v e s t m e n t s - t o t a l 7,464 7,563 6,965 Loans - t o t a l 5,756 5,876 5,i9S 2,836 2,921 2,947 2,929 2,501 2,697 1,708 1,637 1,768 932 921 766 1,069 698 752 52 697 62 HE'J YORK . On s e c u r i t i e s 111 o t h e r 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 dex>osi t s Time d e p o s i t s Government d e p o s i t s Dae f r o m banks Due to "banks 775 727 56 5,106 65 1,193 17 ill 126 965 88 913 63 236 60 Borrowings from F. R. Bank On demand On time 5,105 1,256 883 Loans on s e c u r i t i e s to "brokers and d e a l e r s : For own account For account of o u t - o f - t o w n "banks For account of o t h e r s To t a l 5,279 1,255 973 1,799 • 3,9^1 Ail.ll 1,071 1,826 3,907 6,804 867 1,715 2,008 4,590 6,340 373 •6,442 362 3,953 637 2,083 -.2,105 2,o44 -IJIZ 1-596 964 730 931 349 388 388 448 163 225 164 224 200 177 16 173 15 178 18 1,271 646 l4 1,280 648 16 1,262 130 307 314 45 66 CHICAGO Loans and i n v e s t m e n t s - t o t a l Loans - t o t a l On s e c u r i t i e s A.11 o t h e r 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 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. Bank J LS i 735 l6S 748 24s 685 4 362 4o • ( S t . 6352a) '•f C o r r e c t e d October l 4 . For immediate r e l e a s e St. 6 3 5 a PRINCIPAL RESOURCES AND LIABILITIES OF WEEKLY REPORTING- MEMBER BANKS IN EACH FEDERAL RESERVE DISTRICT ON OCTOBER 9, I929 ( I n m i l l i o n s of d o l l a r s ) Total Boston New York Federal P h i l a . | CIeve. Rich. Reserve St. A t l a n t a Chicago Louis District Minn-- Kansas Dallas jeapolis _City San Fran. Loans and i n v e s t m e n t s - t o t a l 22,673 1,540 8,720 1,246 2,184 682 649 3,378 701 4i4 697 500 1 Q Co Loans - t o t a l 17,269 1,205 6,714 942 1,558 524 52$ 2,726 545 290 469 384 1 %7 529 3,276 3,437 491 451 830 729 201 323 163 363 1,434 1,292 242 303 87 203 130 339 105 279 443 945 On s e c u r i t i e s All other Investments - t o t a l TJ. S . Govt.. s e c u r i t i e s Other s e c u r i t i e s Reserve w i t h F» B-, Bank Cash i n v a u l t Due f r o m hanks Due t o hanks Borrowings from Fi R. Bank 9,582 675 5,^03 335 2,006 304 626 158 123 652 156 124 228 116 2,656 | DID 2,747 172 163 1,033 973 94 210 302 324 73 85 11 355 297 47 108 69 55 103 125 It 1,686 248 333 242 18 98 790 71 76 15 123 30 39 13 4o 254 38 44 7 27 6 58 12 34 8 io4 20 5,702 1,790 64 697 269 21 1,011 935 25 350 245 7 1,895 371 131 1 229 496 182 3 i4o 296 750 955 52 80 120 205 61 113 150 39 32 21 90 13,O4O 6,803 209 1,125 2,y4| 612 916 458 12 10 OJ 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 7,6s? 1,234 21 234 3 115 158 938 v 54 159 87 191 50 98 78 110 430 62 125 43 86 38 68 22 4i 97 34 57 196 - 16 22 185
@FedFRASER