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STATEMENT FOR THE PRESS T, • • For immediate r e l e a s e S t . 5125 F e d e r a l Reserve Board, October 18, 1926. 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 c o n d i t i o n s t a t e m e n t of 693 r e p o r t i n g member banks i n l e a d i n g c i t i e s a s of October 13 shows d e c l i n e s of $ 7 , 0 0 0 , 0 0 0 i n l o a n s and d i s c o u n t s and $ 1 4 , 0 0 0 , 0 0 0 i n i n v e s t m e n t s , t o g e t h e r w i t h i n c r e a s e s of $109,000,000 i n n e t demand d e p o s i t s , $6$,000,000 i n timo d e p o s i t s and $ 7 9 , 0 0 0 , 0 0 0 i n b o r r o w i n g s r e s e r v e b a n k s . Member b a n k s i n New York C i t y r e p o r t e d r e d u c t i o n s of $42,000,000 i n l o a n s and d i s c o u n t s , $19,000,000 i n i n v e s t m e n t s i $18,000,000 i n n e t demand d e p o s i t s and an i n c r e a s e of $49,000,000 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 bank. Loans on s t o c k s and b o n d s , i n c l u d i n g U. S. Government o b l i g a t i o n s , wore $3S,000,000 below t h e p r e v i o u s w e e k ' s t o t a l , t h e p r i n c i p a l changes i n c l u d i n g d e c l i n e s of $ 4 2 , 0 0 0 , 0 0 0 i n t h e New York d i s t r i c t , $ 1 0 , 0 0 0 , 0 0 0 i n t h e Chicago d i s t r i c t and $ 9 , 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 an i n c r e a s e of $ 3 4 , 0 0 0 , 0 0 0 i n t h e San F r a n c i s c o d i s t r i c t . A l l o t h e r l o a n s and d i s c o u n t s i n c r e a s e d $ 3 1 , 0 0 0 , 0 0 0 , i n c r e a s e s of $ 2 3 , 0 0 0 , 0 0 0 i n t h e San F r a n c i s c o d i s t r i c t and $ 6 , 0 0 0 , 0 0 0 each i n t h e Boston and S t . L o u i s 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 a d e c l i n e of $10,000,000 i n t h e New York d i s t r i c t . T o t a l l o a n s to 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 , made by r e p o r t i n g member b a n k s i n New York C i t y were $ 8 2 , 0 0 0 , 0 0 0 below t h e October 6 t o t a l , l o a n s f o r t h e i r own account and f o r o u t - o f - t o w n b a n k s h a v i n g d e c l i n e d $63,000,000 and $ 2 3 , 0 0 0 , 0 0 0 , r e s p e c t i v e l y , w h i l e l o a n s f o r t h e account of others increased $4,000,000. H o l d i n g s of U. S. Government s e c u r i t i e s d e c l i n e d $ 7 , 0 0 0 , 0 0 0 a t b a n k s i n the New York d i s t r i c t and $11,000,000 a t a l l r e p o r t i n g b a n k s . 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 d e c r e a s e d $ 3 , 0 0 0 , 0 0 0 , t h e p r i n c i p a l changes i n c l u d i n g a r e d u c t i o n of $11,000,000 i n t h e New York d i s t r i c t and an i n c r e a s e of $ 1 0 , 0 0 0 , 0 0 0 i n the San F r a n c i s c o d i s t r i c t . Net demand d e p o s i t s wore $109,000,000 above t h e t o t a l r e p o r t e d f o r October 6, t h e p r i n c i p a l i n c r e a s e s b e i n g $49,000,000 i n t h e San F r a n c i s c o d i s t r i c t , $22,000,000 i n t h e Chicago d i s t r i c t , $ 1 5 , 0 0 0 , 0 0 0 i n t h e S t . L o u i s d i s t r i c t , $ 1 4 , 0 0 0 , 0 0 0 i n t h e D a l l a s d i s t r i c t and $ 1 1 , 0 0 0 , 0 0 0 i n t h e C l e v e l a n d d i s t r i c t . Timo d e p o s i t s i n c r e a s e d $ 6 5 , 0 0 0 , 0 0 0 , p r i n c i p a l l y i n t h e San F r a n c i s c o and A t l a n t a d i s t r i c t s . T o t a l 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 wore $ 7 9 , 0 0 0 , 0 0 0 above t h e p r e v i o u s w e e k ' s f i g u r e , b a n k s i n t h e Now York d i s t r i c t r e p o r t i n g an i n c r e a s e of $51,000,000 and b a n k s i n t h e Boston and C l e v e l a n d d i s t r i c t s • i n c r e a s e s of $17,000,000 and $ 1 6 , 0 0 0 , 0 0 0 , r e s p e c t i v e l y , w n i l e banks i n t h e Chicago d i s t r i c t r e p o r t e d a r e d u c t i o n of $ 1 3 , 0 0 0 , 0 0 0 . A summary of changes 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 of 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 October 13, 1926, f o l l o w s : I n c r e a s e or d e c r e a s e d u r i n g 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 other . + Week $7,000,000 4,000,000 34,000,000 31!000 ,'000 Investments, t o t a l U.. S. 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 . . . - 14,000,000 11,000,'000 3,000,000 + 156,000,000 Reserve b a l a n c e s w i t h F. R. Banks . . . . Cash i n v a u l t . . . . . . . . . . . . %- . . + 4- 21,000,000 29,000,000 + 10,000,000 11,000,000 Not demand d e p o s i t s Timo d e p o s i t s Government d e p o s i t s + 109,000,000 + 65,000,000 - 26,000,000 + + 468,000,000 64,000,000 + + 35,000,000 T o t a l b o r r o w i n g s f r o m F. R. Banks . . . . C. . 79,000,000 + + + + Year $^542,000,000 48,000,000 350,000,000 240,000,000 133,000,000 23,000,000 32,000,000 For immediate r e l e a s e PRINCIPAL RESOURCES AND LIABILITIES 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 ) R e p o r t i n g member banks A l l r e p o r t i n g member banks i n New York C i t y Oct. 6 Oct. 14 O c t . 14 Oct. 13 Oct. 0 Oct. 13 1926 1926 1925 192b 1925 192b Number of r e p o r t i n g banks 693 693 724 55 55 61 S t . 5125a R e p o r t i n g member banks i n Chicago Oct. 14 O c t . 13 | O c t . 6 1926 I 192b 1925 46 46 46 Loans and d i s c o u n t s , g r o s s : 42,041 12,465 22,683 42,481 67,350 13,994 Secured by U. S. Government o M i ' a t ions - - 137,048 140,597 184,625 625,370 673,452 664,935 Secured by s t o c k s & bonds - - - - - - - - - 5,541,607 5,576,020 5,191,759 1,989,004 2,016,190 2,016,467 692,643 712,561 713,545 8,697,362 8,488,226 2,451,764 2,466,242 2,327,428 All o t h e r l o a n s a n d d i s c o u n t s - - - - - - - 8,J28,2J8 T o t a l l o a n s and d i s c o u n t s 14,406,933 14,413,979 13,864,610 4,482,809 4,524,913 4,411,245 1,329,961 1,400,991 1,340,696 Investments: U. S. Government s e c u r i t i e s - - O t h e r bonds, s t o c k s and s e c u r i t i e s 2,480,235 3,115,492 Total investments - - - - - - o t a l l o a n s and i n v e s t m e n t s - - - - - - -- - - I,b42,2b5 312,725 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 member banks i n New York C i t y : For For For n 167,487 221,543 166,564 225,708 168,478 190,365 389,030 392,272 358,843 1,621,134 284,108 1,652,174 301,355 667,842 71,207 647,133 65,505 687,290 66,758 175,681 23,490 180,Ql4 21,310 174,171 27,179 - - 13,145,947 13,037,470 13,178,316 4,987,789 5,006,040 5 , H 9 , o 5 9 1,228,110 1,228,499 1,200,351 479,200 520,681 515,828 831,440 791,150 833,302 ~ " 5,735,708 *5,670,758 5,247,740 42,084 14,152 15,149 7,331 63,096 58,581 2d3,0o6 173,057 <06,817 B i l l s p a y a b l e and r e d i s c o u n t s with. F.R. Banks: Secured by U. S. Government o b l i g a t i o n s - - All other - - - - — - - - - - — - - — T o t a l borrowings from P. R. Banks 887,883 2,503,364 875,710 865,455 836,416 845,360 863,057 2,958,921 5,462,285 1,701,871 1,721,070 1,750,940 - 2 0 , 0 0 2 , 6 6 0 20,023,119 1 9 , 3 2 6 , 8 9 5 6,184 , 680 6 , 2 4 5 , 9 8 3 6 , 1 6 2 , 1 8 5 1 , 7 7 8 , 9 9 1 1 , 7 9 3 , 2 6 3 1 , 6 9 9 , 5 3 9 R e s e r v e b a l a n c e s w i t h F . R. Banks Cash i:i 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 5,595,727 2,491,ia 3,118,019 5,609,140 ^59,569 243,524 215,191 208,993 233,734 234,216 503,093 424,184 4b7,950 s t o c k s and bonds) made by r e p o r t i n g own account . . . a c c o u n t of o u t - o f -town banks . . . . account of jo triers. Total . On demand . . On t ime • . , 73,750 66,739 140,489 50,800 40,241 91,041 953,508 891,053 1,120,735 1,144,063 711,436 715,266 2,727,054 2,809,007 1,998,184 2,080,624 728,3s3 728,870 82,070 73,069 17,195 9,4,58 19,865 11,196 20,886 1,510 155,139 ^b,653 31,061 22,396 *Revised f i g u r e s . For i.nrned i a t s r e l e a s e PRINCIPAL RESOURCES BE LIABILITIES OF ALL REPORTING MEMBER BANKS IH EACH FEDERAL RESERVE DISTRICT AS AT CLOSE OF BUSINESS, OCTOBER^ ^ ( I n t h o u s a n d s of d o l 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. A t l a n t a Chicago" S t . L o u i s Minn. Kans.Cv. D a l l a s Number of r e p o r t i n g banks 38 93 50 7 5 68 35 99 31 24 67 48 65 Leans and d i s c o u n t s , g r o s s : Secured by U . S . G o v t , o b i i g . 8,008 45,435 10,913 Secured by s t o c k s & bonds 372,009 2,273.Q8S 410,974 All ether loans & discounts 655,140 2 , 7 3 9 , 1 7 3 394, 520 Total 693 iiiSiMlhSilsEii i l jIS Investments: U.S,Government s e c u r i t i e s Other b o n d s , s t o c k s & s e c u r . Total investments T o t a l l o a n s and i n v e s t m e n t s Reserve b a l a n c e s w i t h F.R.Bk. 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 F. R. Bank: Secured by U . S . G o v t , o b l i g . All o t h e r Total b o r r o w i n g s from F. R. Bank 152,572 984,562 243,555 1,144^727 396,127 2,129,289 265_, 547 355,330 A l k l 681635 58^562 654,275 139,294 104,799 5:^ 1:| 468,'8 l g 116*100 47:679 ^ 9 2 ^ 0 3 783,361 17&,491 1 0 7 , 1 8 5 1 9 4 , 5 0 0 1;^ 25,lM 78,59s 236 47^475 S o , 5,595,727 1 , 4 3 1 , 2 8 4 7 , 2 4 7 , 8 8 5 1 , 1 7 1 , 7 3 7 2 , 0 4 0 , 8 8 5 668,566 6 , 2 , 2 ) 7 2 , 9 5 8 , 7 4 3 713,472 354,933 629,039 400,508 1 ( 7 5 3.UQL 2 0 , ^ 0 2 , ^ 6 0 98,262 22,490 730,028 Sf,434 932,344 5 , 5 7 0 , 9 3 6 424,782 1,273,245 31,668 64,245 112,602 26,440 s:2? 808,543 1 3 , 1 4 5 , 9 4 7 886,516 5 , 7 3 5 , 7 0 s 23,492 236,817 30,3bl 21,113 6,663 11,891 27,274 5,176 1,735 4,581 7,126 15.572 7,159 24,128 35,299 19,856 6,842 14,940 5,330 1,276 1,125 3.S21 2,577 6,187 30,815 26,454 259,569 22,698 31,287 55,155 21,782 6,606 4,646 8,764 57,299 503,093 7,936 26.448 107,014 15,204 - 69,387 -1L742. 33,092 23,983 34,434 176,401 26,946 57,075 8,613 1,642,265 312,725 243,524 BANKERS' BALANCES OF REPORTING MEMBER BANK'S IN FEDERAL RESERVE BANK" CITIES Due t o banks Due from banks C. 124,612 1,092,521 40,240 1 23,344 174,611 56,616 2 : s
@FedFRASER