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STATEl.IENT FOR THE PRESS S t , 5940 Federal. Reserve Board, October 15/ 1928. For immedista r e l e a s e CONDITION OF MEMBER. BANKS IN LEADING- CITI2S The F e i e r a l Reserve B o a r d ' s c o n d i t i o n statement of 632 r e p o r t i n g member t a n k s i n l e a d i n g c i t i e s as of October 10 shows decreases f o r the week Of $32,000.,000 i n l o a n s and d i s c o u n t s , of $4^,000,000 i n i n v e s t m e n t s , of $30,000,000 i n borrowings from F e d e r a l r e s e r v e banks, of $22,000,000 in n e t demand d e p o s i t s , " a n d if $3^,000,000 i n Government d e p o s i t s , and an i n c r e a s e of $9,000,000 i n time d e p o s i t s . Loans on s t o c k s and bonds, i n c l u d i n g United S t a t e s Government o b l i g a t i o n s , were $58,000,000 below t h e October 3 t o t a l a t a l l r e p o r t i n g banks, a decrease of $74,000,000 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 i n c r e a s e s of $9,000,000 and $7,000,000, r e s p e c t i v e l y , i n the San F r a n c i s c o and D a l l a s d i s t r i c t s . "All o t h e r " loans and d i s c o u n t s i n c r e a s e d $26,600,000 i n the New York d i s t r i c t and $11,000,000 i n the Chicago d i s t r i c t and d e d l i n e d $9,000,000 i n the Boston d i s t r i c t , 9,11 r e p o r t i n g banks showing a n e t i n c r e a s e of $26,000,000. Holdings of United S t a t e s Government s e c u r i t i e s d e c l i n e d $13,000,000 a t a l l r e p o r t i n g banks, while h o l d i n g s of o t h e r bonds, s t o c k s , and s e c u r i t i e s dec l i n e d $ 3 2 , 0 0 0 , 0 0 0 ' a t a l l r e p o r t i n g banks and $16,000,000 i n t h e New York d i s trict. Net damani d e p o s i t s , which a t a l l r e p o r t i n g banks wore $22,000,000 below the October 3 t o t a l , d e c l i n e d $25,000,000 i n the Now York d i s t r i c t , $13,000,000 i n the Boston d i s t r i c t , and $7,000,000 each i n the P h i l a d e l p h i a and Cleveland d i s t r i c t s , and i n c r e a s e d $11,000,000 i n the S t . Louis d i s t r i c t , $8,000,000 i n the A t l a n t a d i s t r i c t , a n d $7,000,000 each in the Minneapolis and D a l l a s " d i s t r i c t s . Time d e p o s i t s d e c l i n e d $ 6 , 0 0 0 , 0 0 0 each in the P h i l a d e l p h i a and Cleveland d i s t r i c t s snd i n c r e a s e d $8,000,000 i n the New York d i s t r i c t , $7,000,000 i n the San Francisco d i s t r i c t , $ 6 , 0 0 0 , 0 0 0 i n the Chicago d i s t r i c t , and $9,000,000 a t a l l r e p o r t i n g banks. The p r i n c i p a l changes i n borrowings from F e d e r a l r e s e r v e banks f o r the week were d e c l i n e s of $15,000,000 i n the Now York d i s t r i c t , $13,000,000 i n the Chicago d i s t r i c t and $11,000,000 i n the S t . Louis d i s t r i c t , and i n c r e a s e s of $10,000,000 in the Boston d i s t r i c t and $7,000,000 in the Cleveland d i s t r i c t , i. 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 r e p o r t i n g member banks, t o g e t h e r with changes d u r i n g the week and the year ending October 10, 1928, f o l l o w s : ( i n thousands of d o l l a r s ) Oct. 10 I n c r e a s e or decrease during 1928 Week* Year Loans and investments - t o t a l + 1,046,203 — 22,259,992 77,383 Loans 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 A l l other loans and d i s c o u n t s Investments - t o t a l U. S. Govern,:ont s e c u r i t i e s Other b o n d s , s t o c k s and s e c u r i t i e s Reserve with F. R. Tanks 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 - t o t a l Secured by U.S.Govt, o b l i g a t i o n s i l l other C. 15,907,555 108,103 6,592,550 9,206,902 6,352,443 2,979,411 3,373,032 1,688,^13 268,305 13,197,421 6,906,075 64,934 32,350 + - 11,557 46,911 26,118 4- + 45,033 12,64s 32,385 26,530 + 18,758 — 22,360 + 9,418 33*649 — 58,236 142,879 — 30,404 - — 1,145,359 3,263,382 770,121 499,833 270,288 - * - 9,668 . 20,736 — + + + — - — + - 808,057 18,129 421,895 4o4,29i 238,146 359,160 121,014 16,165 322 239,323 473,478 272,29s + 139,643 186,590 483,669 + + 352,898 130,771 — - •October 3 f i g u r e s r e v i s e d . F e d e r a l Reserve Board, October 11, 1928. For immediate r e l e a s e CONDITION OF WEEKLY REPORTING "ffi'.'BER BASTES IN CENTRAL RE SERINE CITIES ( I n thousands of d o l l a r s ) Oct. 10 Oct. 3 Oct. 11 HEW YORK , 45 BUSKS 1928 1928 1927 Loans and i n v e s t m e n t s - t o t a l 7,258,636 6,759,267 7,195,791 Loans and d i s c o u n t s - t o t a l 5,320,636 5,370,405 4,985,408 35,174 2,440,487 2,844,975 42,476 2,504,831 2,823,098 42,408 2,309.331 2,633,669 1.875.155 1,888,231 1.773.859 1,069,472 805,683 1,068,946 819,285 883,736 890,123 697,417 61,981 719,408 52,280 694,I4O 59.853 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 5,104,573 1,192,630 17,392 5,122,717 1,183,792 26,511 5,203,021 1,018,620 123,521 Due from banks Dae t o banks 88,274 1,116,224 97,880 1,184,827 118,372 1,168,034 236,319 255,989 70,732 145,845 90,474 155,120 100,869 20,100 50,632 866,919 1,715,086 2,007,878 929.901 1,682,057 1,958,020 1,093.153 1.333.596 967.541 4,589.883 4,569,97s 3.394,290 3,952,926 636,957 3.917,490 652,488 2,604,99s 789,292 Loans and i n v e s t m e n t s - t o t a l 2,047,152 2,055,15s 1,973,439 Loans and d i s c o u n t s - t o t a l 1.592.363 1,591,981 1,525,236 11,643 787.928 792,787 454,789 15,019 189,359 787,603 463,177 14,967 823,067 687,202 448,203 199,851 254,938 202,297 260,880 188,953 259,250 178,109 17.659 178,586 16,370 185,714 18,910 1,262,109 684,992 4,248 1,268,713 680,183 6,563 1,306,707 620,937 21,672 153,441 362,327 164,149 ' 379,225 152,826 383,367 40,317 47,409 4,226 36,517 3,800 43,117 4,292 2,689 1,537 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 o t h e r l o a n s and d i s c o u n t s Investments - t o t a l U. S. Government s e c u r i t i e s Other bonds, s t o c k s and s e c u r i t i e s Reserve with F. R. Bank Cash i n v a u l t Borrowings from F. R. bank - t o t a l Secured by U.S. Government o b l i g a t i o n s All o t h e r Loans t o b r o k e r s and d e a l e r s ( s e c u r e d by s t o c k s and b o n d 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 Total On demand On time CHICAGO- 43 BAMS 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 o t h e r l o a n s and d i s c o u n t s Investments - t o t a l U. S. Government s e c u r i t i e s Other bonds, s t o c k s and 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 Due from banks Due to banks Borrowings from F. R. bank - t o t a l Secured by U.S.Government o b l i g a t i o n s All other C. ( S t . 5940a) For immediate r e l e a s e 59'40b PRINCIPAL RESOURCES AND LIABILITIES OF ALL REPORTING- MEMBER BANKS IN EACH FEDERAL RESERVE DISTRICT AS AT CLOSE OF BUSINESS, OCTOBER 30. ,1923. — ( i n thousands of d o l l a r s ) F e d e r a l Reserve D i s t r i c t Total Boston New York Phila. Cleve. Rich. A t l a n t a Chicago S t . L o u i s Minn. Kans.Cy. D a l l a s Sa.n F r a n . Loans and i n v e s t m e n t s - t o t a l 22^259,998 1,507,777 8,411,924 1,239,780 2,198,208 674.311 658.833 3,301,102 722,483 590,773 684,530 476,219 2,Ol4,Q38 Loans and d i s c o u n t s - t o t a l Secured by US Govt o b l i g . stock ® & tonds other loans & d i s c t s Investments- total T 3* S. "ovt^.i s e c u r i t i e s O t h e r bondStfsAks. & s e c u r . 'z~~\ Reserve w i t h 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 Due f r o m banks Due t o banks 15,907,555 1,072,899 6,114,163 108,103 6+592,550 9,206,902 845,202 1,477,580 517.947 503.154 2,443,724 517,991 257,622 444,105 353,313 1,359,855 12,564 37,187 387,809 2,843.518 672,526 3 , 2 3 3 , 4 5 8 6,401 446,432 392,369 12,575 2,5^3 2,773 17,839 3,^3 2,460 3,150 2,263 646,921 179,626 140,265 1,061,127 ?1G,6o4 78,066 121,488 92,747 818,084 335,768 360,116 1,364,758 303,944 177,096 319,467 258,303 4,895 383,947 971,013 6,352,443—434,878 2,297,761 394.578 720,628 156,384 135.679 857.378 204,492 1 3 3 , l ^ l 24q,425 122,906 654,183 2.179.411 3,373,032 163,910 1,161,902 270,96s 1,135,859 117,911 276,667 330,348 390,280 70,892 85,492 63,758 71,921 362,708 75,693 494,670 128,799 1,688,513 268,305 101,874 20,552 78,452 15,865 131,497 30,865 40,832 12,759 39,i4l 10,812 257,255 41,801 760,027 78,304 48,035 7,174 73,495 -118,420 59,656 122,005 82,851 40,055 357,523 296,660 25,456 6,l46 35,345 9,446 116^166 22,626 54,433 11,955 13,197,421 6,906,075 64,934 922,150 5,669,749 477,114 1,727,690 6,546 18,731 715,709 1,056,685 359,350 317,020 1,871,772 397,658 234,238 506,505 311,435 835,150 291,375 956,523 247,445 234,230 1,269,674 24o,915 133,967 179,307 131,494 1,016,341 3,189 4,301 6,348 5,299 2,275 662 1,254 4,083 2,107 10,139 1,1^359 3,265,382 44,773 125,087 144,678 1,177,775 52,351 170,717 94,732 53,699 80,444 239,927 107,602 107,226 232,593 .52,286 61,254 129,029 65,978 506,164 128,945 103,505 228,473 126,878 borrowings f r o m FR B k - t o t a l 770,121 39,549 291,962 77,878 63,115 22,490 47,541 • • . 3 9 , 1 5 4 28,615 10,965 13,198 Secured by US Govt o b l i ~ . All other 499,833 270,288 17,195 22,354 195,910 96,052 65,464 12,4i4 35,885 27,230 8,905 13,525 15,042 32,499 68,782 20,372 13,5H 15,104 6,000 4,965 632 "36 77 47 70 64 31 92 29 24 Number of r e p o r t i n g banks 147,133 221,492 17,512 ' 6S,l4g 6,417 6,781 13,238' 4,274 53.484 14,658 64 44 54
@FedFRASER