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STATEMENT FOB THE PRESS S t . 4276 F e d e r a l B e s e r / e Board, October l o , 1924. 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 , Oct. 17'» not e a r l i e r . CONDITION OF MEMBER BANKS IN LEADING- CITIES D e c l i n e s of $ 4 3 , 0 0 0 , 0 0 0 i n l o a n s and i n v e s t m e n t s and of $64,000,000 in n e t d e mand d e p o s i t s , t o g e t h e r w i t h an i n c r e a s e of $12,000,000 in accomrod a t ion at t h e F e d e r a l r e s e r v e banks, a r e shown in t h e F e d e r a l Reserve B o a r d ' 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 8 of 7 ^ member banks in l e a d i n g c i t i e s . T o t a l l o a n s and d i s c o u n t s d e c r e a s e d ty $ 5 3 , 0 0 0 , 0 0 0 , t h e l a r g e r d e c r e a s e of $78,000,000 i n l o a n s on s t o c k s and. bonds being o f f s e t by an i n c r e a s e of $25,000,000 i n " A l l 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 . The i n v e s t m e n t b l o c k shows i n c r e a s e s of $ 8 , 0 0 0 , 0 0 0 each in U n i t e d S t a t e s bonds and 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 as a g a i n s t r e d u c t i o n s of $ 5 , 0 0 0 , 0 0 0 in T r e a s u r y n o t e s and $ 1 , 0 0 0 , 0 0 0 i n c o r p o r a t e securities. T o t a l l o a n s and d i s c o u n t s of t h e New York C i t y members d e c l i n e d $108,000,000 d u r i n g t h e week. Loans on U. S. Government s e c u r i t i e s advanced by $ 1 , 0 0 0 , 0 0 0 and 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 and " A l l o t h e r " l o a n s and d i s c o u n t s d e c l i n e d by $104,000,000 and $ 5 , 0 0 0 , 0 0 0 , r e s p e c t i v e l y . T h e i r h o l d i n g s of U n i t e d S t a t e s bor.ds were i n c r e a s e d by $ 4 , 0 0 0 , 0 0 0 and of 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 - by ^ 1 0 , 0 0 0 , 0 0 0 , while t h o s e of T r e a s u r y n o t e s were reduced $ 6 , 0 0 0 , 0 0 0 and of c o r p o r a t e s e c u r i t i e s by $ 3 , 0 0 0 , 0 0 0 . Net demend d e p o s i t s snow a n e t r e d a c t i o n of $ 6 4 , 0 0 0 , 0 0 0 , t h e l a r g e r r e d u c t i o n of $117,000,000 r e p o r t e d by banks i n t h e 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 r e p o r t e d by b a n k s in t h e Richmond, A t l a n t a , Chicago, M i n n e a p o l i s , Kansas v i t y , D a l l a s and San F r a n c i s c o d i s t r i c t s . Time d e p o s i t s show a g a i n of $ 2 1 , 0 0 0 , 0 0 0 f o r t h e week. Reserve b a l a n c e s w i t h F e d e r a l r e s e r v e banks were $ 5 2 , 0 0 0 , 0 0 0 l a r g e r than a week e a r l i e r , t h e New York C i t y members r e p o r t i n g $ 2 8 , 0 0 0 , 0 0 0 of t h e i n c r e a s e , Cash^in v a u l t i n c r e a s e d by $ 1 8 , 0 0 0 , 0 0 0 , of which $ 8 , 0 0 0 , 0 0 0 was shewn f o r t h e New York City banks. Borrowings of a l l r e p o r t i n g i n s t i t u t i o n s from t h e F e d e r a l r e s e r v e banks i n c r e a s e d from $92,000,000 t o $104,000, ^00 and l i k e borrowings of t h e New York C i t y members from $25,000,000 to $50,000,000. A summary of changes in 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 of r e p o r t i n g memb e r s d u r i n g the week and y e a r end.ing October 8 , 1924, f o l l o w s : Increase or decrease Year Feek . - $53,000,000 + . + 75,000,000 25,'000,000 + Investments, t o t a l U. S. bonds U. S. T r e a s u r y 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 . . . . . + + + - 10,000,000 8,000,000 5,000,000 8,000,000 1,000,000 Reserve b a l a n c e s w i t h F. R. Banks Cash i n Vault + + 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 accommodation at F. R. Banks 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 All o t h e r . . . . . during + $773,000,000 65,000,000 727,000,000 111,000,000 + + + 902,000,000 355,000,000 273,000,000 199,000,000 52,000,000 18, . 0 0 , 0 0 0 + 299,000,000 14,000,000 + - 64,000,000 21,000,000 1,000,000 + 1,745,000,000 + 12,000,000 485,000,000 + + + 618,000,000 085,000,000 23,000,000 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 , October 17, 1924; n o t e a r l i e r . St. 42/6a PRINCIPAL RESOURCE AND LIABILITY ITEMS OF REPORTING MEMBER BANKS IN LEADING CITIES ( I n t h o u s a n d s of d o l l a r s ) O c t . 8, 1924 Number of r e p o r t i n g banks - - - - — _ _ _ _ _ _ _ _ _ _ _ _ _ _ - .- - - Loans and d i s c cant 3, g r o s s : Securscl by U. S, Government o b l i g a t i o n s - - - - - - - - - - - - - - - - Secured by s t o c k s and bends ( o t h e r than U» S. s e c u r i t i e s ) - - - - A l l o vher l o a n s and d i s c c u n t s - - - - - - - - - - - - — - - - - - T o t a l l o a n s and d i s c o u n t s - - - - - - - - - - - - - - - - - - - - U, S. P r e - w a r bonds - - - - - - - - - - - - - - - - - - - - - - - - U • 8. Treasurer bonds - - - - - - - — T o t a l l o a n s and d i s c o u n t s and i n v e s t m e n t s - - - - - - - - - - - - Be s e r v e b a l a n c e s w i t h F e d e r a l Reserve Banks - - - - - - - - - - - - Cash in v a u l t - _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ Net demand d e p o s i t s - - - - - - - - - - - - - - - - - - - - - - - -- - - - - - - - - - - - - - - - - - - - - - - - - - 745 Apr. 9, 1924 O c t . 10, 1923 755 770 227,642 3,829,657 7,998,630 257,452 3,664,713 8,033,757 12,762,399 12,055,929 11,955,922 265,995 272,867 274,029 1,421,347 1,045,385 607,872 1,064,729 71,645 736,864 290,27s 114,057 99,365 2,757,57s 2,758,872 2,252,545 2,139,838 18,150,62s 18,193,551 16,568,636 16,475,926 1,671,540 1,620,172 1,439,107 1,372,450 291,142 12,805,225 272,789 282,217 11,163,442 4,241,000 237,168 305,200 192,814 192 , 796 4,469,802 4,391,766 S,144,729 6,119, s o i 12,729,309 265,534 67,877 O t h e r bonds, s t o c k s Bid s e c u r i t i e s Government d e p o s i t s 7^4 O c t . 1, 1924 4,695,523 232,139 66,788 12,869,706 4,674,683 232,964 85,997 875,390 11,059,895 4,010,199 209,040 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 e d e r a l Reserve Banks" All other - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - R a t i o 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 F e d e r a l 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 - - - - - - - - - - - - - - C. 42,601 .6 49,153 42,855 145,480 160,050 297,920 291,726 -5 1.8 3-6 Released f o r p u b l i c a t i o n Friday afternocn, October 17, 1924; not e a r l i e r . s ' t - 42fbb. PRINCIPAL RESOURCE AND LIABILITY ITEMS OF ALL REPORTING MEM3ER BANKS IN EACH FEDERAL RESERVE DISTRICT AS AT CLOSE OF BUSINESS, OCTOBER £,1924. (In thousands of d P i l a r s ) _____ ^ F e d e r a l Reserve D i s t r i c t Boston New York Phila. Cleve. Rich. Atlanta Chicago St cuis Minn, TCans.Cy- Dallas San Fran. Total Ifenbsr of r e p o r t i n g banks U3 108 55 77 75 3^ 103 33 25 72 51 66 7^4 " S e c u r e by U.S.Govt. Oblig. Secured by stocks and bonds All O t h e r loans & discounts 9,080 76,091 274,866 1,994,378 642,366 2 , 6 l l , 2 1 5 10,499 294,453 375,653 T o t a l l o a n s and d i s c o u n t s 926,312 4,681,684 680,605 1,155,723 472,499 425,976 1,932,905 480,215 261,163 413,230 276,977 1,022,020 12,729,309 265,534 27,119 45,664 26,512 14,086 23,011 14,807 8,530 11,404 18,534 10,692 121,453 1,429,504 158,415 23,061 21,951 40,591 12,226 50,136 9,327 195,357 2 9 , 9 0 2 18,790 b,l6l 7,b6s 32,772 9,934 2,846 6,276 3,229 422,195 125,644 Go.sSi 687,313 149,457 52,549 77,275 59,329 714,738 340,694 35 7,447 1,212,820 320,624 205,766 329,679 214,419 9,468 193,446 519,10b 192,814 4,391,766 8,144,729 U. S. P r e - w a r bends 13,730 51,445 U. S. L i b e r t y bonds 87,922 67s, 663 U. S. T r e a s u r y bonds 5,917 20,798 3,008 2,065 1,342 622 10,973 2,256 230 1,619 l,l6l 17,886 67,8 77 U. S. T r e a s u r y n o t e s 12,607 282,784 24,163 53,944 3,280 3,347 128,098 10,439 19,543 22,189 8,919 33,216 602,529 U. S. C e r t i f i c a t e s of Indebtedness 8,839 153,257 18,359 20,977 8,464 2,611 34,388 2,731 7,959 6,470 4,863 29,379 298,297 203,224 1,088,401 247,647 336,849 60,766 42,994 394,062 93,655 29,622 67,183 17,328 170,847 2,757,578 Other bond s , s t o c k s and securi t i e s T o t a l l o a n s and d i s c o u n t s and inve strnent s 1 , 2 6 3 , 5 5 1 6,957,032 1 , 0 3 4 , 6 1 0 1,811,079 602,765 498,963 2,681,852 627,164 348,998 562,686 340,008 1 , 4 2 1 , 9 2 0 18,150,626 Reserve b a l a n c e s w i t h F.R.Bk. 90,623 814,308 79,954 117,554 37,970 36,552 243,551 47,089 24,557 49,055 24,489 106,138 1,671,840 Cash in v a u l t 20,111 85,560 15,508 32,334 13,808 11,304 53,146 7,763 6,142 12,847 11,097 21,522 291,142 Net demand- d e p o s i t s 874,968 5,710,177 739,147 Time d e p o s i t s 329 , 77 3 1,106,294 33,408 47,079 158,624 Government d e p o s i t s 36,370 992,715 349,501 285,282 1,768,730 361,479 237,089 464,311 239,492 8 7 2 , 1 0 5 215,184 9 1 , 1 9 6 133,625 8 9 , 4 6 9 692,814 180,236 188,078 21,278 4,260 2,662 8,377 3,903 29,857 12,367 5,935 782,334 1 2 , 8 0 5 , 2 2 5 638,125 4,695,523 26,643 232,139 2,750 1,248 61,112 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. Bank: Secured by U . S . G o v t , o b l i g . All other 100 409 49,789 14,327 1,930 3,016 2,494 1,635 1,665 7,341 602 5,934 870 570 *6 , 13 97 09 264 258 426 275 l,24l 42,6OI Released for publication Friday afternoon, October 17, 1924; not e a r l i e r . St l±2-j€>c PRINCIPAL RESOURCE AM) LIABILITY ITEMS OF REPORTING MEMBER BANKS IN J?. R. BANK AND BRANCH CITIES AND IN OTHER SELECTED CITIES — (In thousands of dollars) 0 Si?! SSKSSsHT" a i i a l is gg J l o11:1°%^ Ifamber of reporting banks 67 67 1 oit.v 4? Loans and d i s c c u n t s , g r o s s : Total loans and discounts 47 4,173,033 4,280,707 1,379,830 1,278,400 254 8,525,702 254 1 oSrr'^i 0 ,S§ J g , i g M 195 196 S,609,246 2,275,821 2,258,0)6 295 1,924,786 1,915,117 U« .S. P r e - w a r hands 40,860 40,864 4,127 4,127 91,821 U„ S« L i b e r t y bonds 92,085 74,361 74,070 99,352 99,840 593,405 13,656 590,237 84,277 82,882 898,516 890,698 340,060 13,209 342,253 190,928 3,471 188,396 3,451 32,676 32,090 17,811 18,190 94,798 18,006 442,840 448,172 109,947 133,456 95.784 38,199 110,431 17,390 49,742 16,508 269,253 u . S. u a r t i f i c a t e s of i n d e b t e d n e s s 263,736 148,585 49,269 225,473 Other bonds, 217,513 57,589 57,506 15,235 15,259 836,902 839,842 186,371 188,872 1,573,211 1,578,877 676,111 674,591 508,256 505,4ok U- S. Treasur; bends U, S- T r e a s u r y n o t e s s t o c k s and s e c u r i t i e s -To+al l o a n s and d i s c o u n t s an d in ve 3 tmen t s Reserve b a l a n c e s 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 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 R. Bank: Secured by U. S. Govt. obi i g a t i ons All other 6 , 0 7 0 , 1 7 7 6,172,568 1 , 6 7 2 , 0 5 9 1 , 6 7 0 , 5 3 6 758,597 70,Oc4 730,419 172,062 6i,s6i 27,627 163,190 26,726 5,189,957 5,298,065 1,234,127 1,228,085 774,923 4io,5l4 407,834 775,559 37,909 37,909 9,834 9,834 39,550 10,606 17,'i 50 8,203 25 - — 75 11,793,239 11,868,681 3 ,551,700 3 , 5 3 5 , 0 7 7 2,805;689 2,789,793 1,238,063 1,196,282 257,745 2 5 0 , 3 7 2 . 176,032 7,73,518 145,742 135,437 63,428 59,06s 81,972 78,284 9,039,26s 9 , 1 2 6 , 5 6 5 2 , 0 5 5 , 0 3 5 2 , 0 3 4 , 6 s 6 1 , 7 1 0 , 9 2 2 1 , 7 0 8 , 4 5 5 2,358,174 2,348,577 1,355,675 1,349,788 981,674 9/6,51?. 152,620 152,621 60,900 01,620 18,619 18, 723 44,495 22,784 8,374 10,428 19,485; 10,602 8,243 I5,ui 6,9 74 16,251 17,062 16,002
@FedFRASER