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Released 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 , O c t . 16; not e a r l i e r . STATEMENT FOR TRE PRESS • S t . 4b91 F e d e r a l Reserve Board, O c t o b e r 1 5 , 1925- CONDITION OF MEMBER BANKS IN LEADING CITIES The F e d e r a l R e s e r v e B o a r d ' s w e e k l y s t a t e m e n t of c o n d i t i o n of 7 2 4 r e p o r t i n g member b a n k s i n l e a d i n g c i t i e s a s of O c t o b e r f shows a d e c r e a s e of $ 1 5 , 0 0 0 , 0 0 0 i n l o a n s and d i s c o u n t s and a n i n c r e a s e of $ 7 , 0 0 0 , 0 0 0 i n i n v e s t m e n t s . These changes w e r e a c c o m p a n i e d , b y a d e c l i n e o f $ 7 3 > 0 0 0 , 0 0 0 i n n e t n e t demand d e p o s i t s and by i n c r e a s e s of $ 1 4 , 0 0 0 , 0 0 0 i n t i m e d e p o s i t s , of $ 5 4 , 0 0 0 , 0 0 0 i n G o v e r n m e n t d e p o s i t s and of $ 1 2 , 0 0 0 , 0 0 0 i n b o r r o w i n g s f r o m t h e F e d e r a l r e s e r v e b a n k s . Member b a n k s i n NTqw Y o r k C i t y r e p o r t e d , r e d u c t i o n s of $ 7 0 , 0 0 0 , 0 0 0 i n l o a n s and d i s c o u n t s and of $ 9 4 , 0 0 0 , 0 0 0 i n n e t demand d e p o s i t s , and i n c r e a s e s of $ 4 , 0 0 0 , 0 0 0 i n i n v e s t m e n t s and o f $40, 0 0 0 , 0 0 0 i n G o v e r n m e n t d e p o s i t s . L o a n s on U. S . G o v e r n m e n t o b l i g a t i o n s a g g r e g a t e $ 7 , 0 0 0 , 0 0 0 l e s s t h a n a w a s k a g o , t h e d e c l i n e b e i n g a l l i n t h e New Y o r k d i s t r i c t . L o a n s on c o r p o r a t e s t o c k s and b o n d s show a r e d u c t i o n of $ 3 6 , C O O , 0 0 0 , d e c r e a s e s o f $ 7 1 , 0 0 0 , 0 0 0 and $ 1 6 , 0 0 0 , 0 0 0 i n t h e New Y o r k and B o s t o n d i s t r i c t s , r e s p e c t i v e l y , b e i n g o f f s e t i n p a r t oy i n c r e a s e s of $ 1 6 , 0 0 0 , 0 0 0 i n t h e S a n F r a n c i s c o d i s t r i c t , $ 1 5 , 0 0 0 , 0 0 0 i n t h e P h i l a d e l p h i a d i s t r i c t , and $ 5 , 0 0 0 , 0 0 0 t o $ 7 , 0 0 0 , 0 0 0 e a c h i n t h e R i c h m o n d , C h i c a g o a n d S t . L o u i s districts. " A l l o t h e r " l o a n s and d i s c o u n t s , l a r g e l y c o m m e r c i a l w e n t u p $ 2 2 , 0 0 0 , 0 0 0 , r e l a t i v e l y s m a l l i n c r e a s e s b e i n g shown f o r a l l d i s t r i c t s e x c e p t S t . L o u i s and S a n F r a n c i s c o . I n v e s t m e n t s i n U. S . s e c u r i t i e s w e n t u p * $ 5 , 0 0 0 , 0 0 0 , t h e p r i n c i p a l c h a n g e s b e i n g a n i n c r e a s e of $ 2 4 , 0 0 0 , 0 0 0 i n t h e B o s t o n d i s t r i c t and d e c r e a s e s of $ 1 3 , 0 0 0 , 0 0 0 and. $ 6 , 0 0 0 , 0 0 0 i n t h e C h i c a g o and. K a n s a s C i t y d i s t r i c t s , r e s p e c t i v e l y . H o l d i n g s of o t h e r b o n d s , s t o c k s a n d s e c u r i t i e s show b u t s l i g h t c h a n g e s i n a n y of the reserve d i s t r i c t s . Met demand d e p o s i t s w e n t down $ 7 3 , 0 0 0 , 0 0 0 , d e c l i n e s of $ 1 0 4 , 0 0 0 , 0 0 0 and $ 9 , 0 0 0 , 000, r e s p e c t i v e l y , i n t h e New Y o r k and. C l e v e l a n d d i s t r i c t s b e i n g o f f s e t i n p a r t by i n c r e a s e s o f $ 1 0 , 0 0 0 , 0 0 0 i n t h e A t l a n t a d i s t r i c t , $ 9 , 0 0 0 , 0 0 0 i n t h e B o s t o n d i s t r i c t , $ 7 , 0 0 0 , 0 0 0 e a c h i n t h e Richmond a n d S t . L o u i s d i s t r i c t s and $ 6 , 0 0 0 , 0 0 0 in t h e P h i lad e l p h i a d i s t r i c t . The p r i n c i p a l c h a n g e i n t i m e d e p o s i t s was a n i n c r e a s e o f $ 1 5 , 0 0 0 , 0 0 0 r e p o r t e d by b a n k s i n t h e B o s t o n d i s t r i c t . G o v e r n m e n t d e p o s i t s w e n t up $ 5 4 , 0 0 0 , 0 0 0 i n t h e New Y o r k d i s t r i c t . B a n k s i n o t h e r d i s t r i c t s r e p o r t e d l i t t l e o r no c h a n g e i n t h i s item. B o r r o w i n g s f r o m t h e F e d e r a l r e s e r v e b a n k s show i n c r e a s e s of $ 1 6 , 0 0 0 , 0 0 0 and $ 1 2 , 0 0 0 , 0 0 0 i n t h e C l e v e l a n d and C h i c a g o d i s t r i c t s , r e s p e c t i v e l y , and a d e c l i n e of $ 1 0 , 0 0 0 , 0 0 0 i n t h e B o s t o n d i s t r i c t . A summary of c h a n g e s i n t h e 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 o f r e p o r t i n g members d u r i n g t h e week and t h e y e a r e n d i n g O c t o b e r 7, 1 ° 2 5 , f o l l o w s : Increase or decrease Week L o a n s and d i s c o u n t s , t o t a l S e c u r e d by U . S . G o v t , o b l i g a t i o n s S e c u r e d by s t o c k s and b o n d s All other . . . . Investments, t o t a l . . . . . . . U. S . b o n d s . U. S . T r e a s u r y n o t e s U. 5 . T r e a s u r y c e r t i f i c a t e s O t h e r b o n d s , s t o c k s and s e c u r i t i e s . . . R e s e r v e b a l a n c e s w i t h F. R. B a n k s 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 . . . . * T o t a l a c c o m m o d a t i o n a t F . R. B a n k s . . . . during Year - $15, 0 0 0 , 000 7,OuO,000 36,000,000 + 25,000,000 + b l , 058 , 0 0 0 , 0 0 0 + + 844,000,Out 2 4 4 , 0 0 0 , COC + + - 7,000,000 18,000,000 13,000,000 ~ 2,000,000 + + ~ + 2o,000,Ouv 273,000,000 2j>3,000,0 200,000,OvO 1 8 b , uOO, Ouu + + 12,000,000 8,000,000 + 1 0 , u O u , ..,00 1 , 0 0 0 , -vO + + 73, 000,000 14,000,000 54,000,000 + + - 1 6 8 , 0 0 0 , OvO 553,^00,000 36,000,vOO + 12,000,000 + '^1,000,000 + R e l e a s e d 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 , O c t o b e r 16, St. 1925; not e a r l i e r . PRINCIPAL RESOURCES AND LIABILITIES OF REPORTING MEMBER BANKS IN LEADING C I T I E S ( I n t h o u s a n d s of d o l l a r s ) R e p o r t i n g member b a n k s A l l r e p o r t i n g member b a n k s i n New Y o r k C i t y S e p t . 30 O c t . 8 O c t . 7 O c t . 8 S e p t . 30 Oct. 7 1924 1925 1925 1924 1925 1925 Number of r e p o r t i n g b a n k s - - - — Loans and d i s c o u n t s , g r o s s ' S e c u r e d by U. S. G o v e r n m e n t o b l i g a t i o n s S e c u r e d by stocks*, and b o n d s - - - - - - All o t h e r l o a n s and d i s c o u n t s - - - - - T o t a l l o a n s and d i s c o u n t s - - - - - - - Investments: TL S . P r e - w a r b o n d s - - - - - - - - XL S. L i b e r t y b o n d s - - - - - — - II, S» T r e a s u r y b o n d s XL S . T r e a s u r y n o t e s - - - - - - - UU S» T r e a s u r y c e r t i f i c a t e s - - - - Other bonds, s t o c k s and s e c u r i t i e s Total investments - - T o t a l l o a n s and Reserve balances v i t h - - - - - B&rJ.cs Time d e p o s i t s - - - - - - 5,44-7,359 5 >439 >9 27 5,421,319 - - 1 9 , 2 6 4 , 5 7 8 19> 2 7 2 , 0 4 l 1 8 , 1 5 0 , 628 - - - - - - - - - - 1,649,288 1,671,^40 291,797 284,282 291,142 1 2 , 9 7 3 > H O 1 3 > 0 4 6 , 3 6 9 1 2 , 80 5, 225 67 76,067 83,335 70,4i4 2,037,173 2,108,688 1,786,835 2,261,610 2,252,945 2,315,784 4,374,850 4,444,968 4,173,033 46 22,025 630,087 700,920 46 22,739 623,400 697,348 47 25,383 525,008 729,439 1,353,032 1,343,487 1,279,830 40,860 593,405 13,656 263,736 148,585 836,902 1,917 96,936 16,541 48,785 893 194,506 1,917 95,889 16,308 61,926 838 195,622 4,127 84,277 3,471 95,784 18,199 186,371 1,736,287 1,731,828 1,897,144 359,578 372,500 392,229 29,098 498,188 181,070 167,639 13,810 846,482 29,098 497,803 180,448 166,479 13,478 844,522 6,070,177 1,712,610 1 , 7 1 5 , 9 8 7 1,672,059 172,062 166,469 171,782 718,570 758,597 704,378 27,627 22,49s 24,003 70,004 64,336 65,826 5 , 0 1 6 , 6 5 8 5 , 1 1 0 , 5 4 3 5 , 1 5 9 , 9 5 7 1,196,103 1 , 2 0 8 , 2 9 3 1,234,127 410,514 480,286 477,156 774,923 795,406 785,652 6,111,137 6,176,796 5>233,986 4 , 6 9 5 > 523 - - - - - 196,120 142,381 232,139 44,284 4,120 37,909 9,284 9,916 9,834 B i l l s p a y a b l e and r e d i s . w i t h F . R* B a n k s • S e c u r e d b y U. S. G o v e r n m e n t o b l i g a t i o n s All other 2 4 4 , 9 22 210,193 235,57 6 507,953 61,112 12,601 99,570 62,834 102,740 62,885 39,850 10,606 16,886 8,681 25 5,791 4,996 T o t a l b o r r o w i n g s f r o m F . R. B a n k s - - - 455,115 443,529 103»713 162,404 165,625 50,456 22,677 13,677 25 - - - - - - - - - - 1,661,552 61 5> 2 4 8 , 4 7 8 - - - - 13,817>219 13 > ° 32,11^ 12,729>309 61 R e p o r t i n g member b a n k s i n Chicago Oct. 8 S e p t . 30 Oct. 7 1924 1925 1925 - - Government d e p o s i t s - - - - 192,814 4 , 39^> 766 8,144,729 r--,*, ? 55* 1*^29,504 rnl'cU 602,529 298,297 2,757,578 Cash i n v a u l t N e t demand d e p o s i t s - - - 200,171 5 > 2 7 0 , 7 52 8,361,191 744 ^ ^ 220,065 1,367,044 ^ ' 2 ^ 382,5^9 97,9^3 2,9^0,820 investments - - - - F« 192,919 5, 235>361 8,3&£»v*3v? 725 218,851 1,388,629 4-28,753 369> ^ 5 ^ 98,371 2,9^3,301 - — - 724 4691a 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 , October l o , 1925; not e a r l i e > . , St. 4691b PRINCIPAL RESOURCES AND LIABILITIES OF ALL REPORTING MEMBER BANKS IN EACH FEDERAL RESERVE DISTRICT AS AT CLOSE OF BUSINESS, OCTOBER 7 , 1 9 2 5 . ; Federal Reserve D i s t r i c t Boston Number of r e p o r t i n g b a n k s Loans and d i s c o u n t s , g r o s s : S o o a r e a by U . S . G o v t , c b l i g . S e c u r e d by s t o c k s & b o n d s All other l o a n s & d i s c o u n t s 4l New York 102 11,213 81,459 320,73b 2 , 2 7 6 , 5 2 3 669,476 2,572,683 T o t a l l o a n s and d i s c o u n t s 1 , 0 0 1 , 4 2 5 4,930,665 I n v e s t ?l e n t 9 : U. 5 . P r > - w a r b o n d s 9,612 39,809 U. S . L i b e r t y b o n d s 103,382 590,210 U.-B. T-eacury bonds 19,932 198,391 U. S . T r e a s u r y n o t e s 4,545 179,128 U. S . T r e a s u r y c e r t i f i c a t e s 17,233 7, 339 O t h e r b o r d s , s t o c k s and securities 203,771 1 ,145,529 Total investments 348,581 2,170,300 Phila. 54 11,642 373,558 383,586 ( i n t h o u s a n d s of d o l l a r s ) Cleve. Rich. A t l a n t a Chicago 75 72 36 100 St.Louis 33 Minn. K a n s . C y . D a l l a s S a n F r a n . 25 70 49 30,430 7,451 2,432 3,729 3,059 19,762 6,407 7,336 508,039 142,318 97,400 826,851 178,867 65,155 l Q 5 , i b l 81,253 7 7 2 , 0 3 5 3 7 8 , 4 0 9 4 2 4 , 1 8 2 1 , 2 4 9 , 7 3 2 3 2 4 , 8 3 8 1 8 0 , 9 7 4 3&>frC'Q 2 2 2 , 7 4 7 768,786 1,299,886 527,134 528,918 14,866 29 , 247 15,012 8,955 50,538 15,239 3,088 4,806 32,731 169,903 34,309 34,273 18,478 25,763 2,024 2,362 2,344 4,592 254,942 345,978 61,329 342,568 635,672 128,262 7,537 5,775 2 , 1 0 7 , 0 1 3 5 1 1 , 1 3 6 24g,561 4 3 6 , 5 5 0 17,608 172,14s 54,311 62,676 12,707 22,57 4 10,651 6,581 6,836 25,604 12,277 8,999 48,655 16,206 6,809 2,450 18,869 1,821 52,389 428,769 109,923 42,696 80,841 94,978 742,321 164,88b 108,103 1 74,574 67 Total 724 7,939 192,919 885,697 5,23^,351. g,3&.939 307,059 1,150,086 13,817,219 17,090 16,493 23,875 144,833 46,800 26,401 7,325 256,450 218, ?5l 1,383,629 24,111 428,753 369,454 98,371 22,197 194,937 2,943,301 7 6,157 460,957 5,447,359 16,027 3,816 8,498 4,554 Total loans a n d investments 1 , 3 5 0 , 0 0 6 7 , 1 0 0 , 9 6 5 1 , 1 1 1 , 3 5 4 1 , 9 3 5 , 5 5 8 6 5 5 , 3 9 6 623,896 2 , 8 4 9 , 3 3 4 676,022 3 5 6 , 6 6 4 6 1 1 , 1 2 4 3 8 3 , 2 1 6 1,611,043 1 9 , 2 6 4 , 5 7 8 Reserve b a l a n c e s w i t h F.B.Bk. 94,496 759,745 Cash i n v a u l t 20,043 82,480 Net demand d e p o s i t s 916,758 5,557,320 Time d e p o s i t s 377,203 1,17b,316 Government d e p o s i t s 12,923 59,679 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 F. R. B a n k : S e c u r e d by U . S . G o v t . o b i i g . 4,325 125,986 All other 16,685 67,574 83,125 15,684 776,277 190,727 17,227 7,126 15,360 122,494 3 2,079 40,485 43,588 250,008 47,819 28,052 55,621 29,919 1 4 , 9 9 6 10,869 5 4 , 7 5 8 8,034 6,4l5 1 3 , 6 8 3 10.993 1,006,317 3 7 8 , 8 8 2 3 7 0 , 5 8 5 1 , 7 9 7 , 1 0 9 392,290 2 3 3 , 3 5 9 5 0 4 , 1 4 0 271,677 755,979 199,79?.507,9?8 991,026 212,674 107,858 136,188 96,144 28,784 4,528 10,813 21,741 4,933 2,761 2,119 8,280 28,138 27,014 3,927 17,803 5,522 10,751 35,357 19,147 2,162 14,253 655 587 2,230 2,682 1,794 2,408 106,200 ••2\J63 767,296 1,661,552 291,797 12,973,110 796,593 5,248,473 22,332 196,120 27,700 15,929 244,922 106,127 2,286,248 599,559 210,193 BANKERS' BALANCES OF REPORTING MEMBER BANKS IN FEDERAL RESERVE BANK C I T I E S Due t o b a n k s Due f r o m b a n k s 131,711 1,078,398 35,390 102,442 185,142 67,277 49,698 23,772 37,236 17,597 30,359 14,343 374,211 164,879 87,447 33,759 57,976 107,022 23,492 4 2 , 7 0 6 40,921 27,989 45,913
@FedFRASER