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STATEMENT FOB THE PRESS For inmedlate_release Federal Reserve Board, October 21, 1929. CONDI TIDE OF WEEKLY REPORTING MEMBER BANKS IN LEADING CITIES The Federal Reserve Board's condition, statement of weekly r e p o r t i n g member banks in leading c i t i e s on October 16 shows increases f o r the week of $121 000 000 in loans and investments, of $366,000,000 in net demand deposits and of $12,000,000 in time deposits, and a decline of $50,000,000 in Government d e p o s i t s , with p r a c t i c a l l y no change i n borrowings from Federal reserve banks. Loans on s e c u r i t i e s increased $130,000,000 in the New York d i s t r i c t , $52,000,000 in the Cnicago d i s t r i c t and $18,000,000 in the Boston d i s t r i c t , and declined $10,000,000 in the Atlanta d i s t r i c t , a l l r e p o r t i n g banks showing a net increase of $188,000,000. "All other" loans declined $64,000,000 in the New York d i s t r i c t and $60,000,000 a t a l l r e p o r t i n g banks. Holdings of United S t a t e s Government s e c u r i t i e s increased $7,000,000 in the New York d i s t r i c t , and declined $7,000,000 i n the Boston d i s t r i c t and $4,000,000 a t a l l r e p o r t i n g banks. Holdings of other s e c u r i t i e s show a net decrease of $2,000,000 f o r the week. Net demand d e p o s i t s , which a t a l l reporting banks were $366,000,000 above the October 9 t o t a l , increased in a l l d i s t r i c t s , the p r i n c i p a l i n c r e a s e s by d i s t r i c t s being: New York $183,000,000, Chicago $55,000,000, San Francisco m , 0 0 0 , 0 0 0 , Boston $35,000,000, Cleveland $22,000,000 and St. Louis and Kansas City $9,000,000 each. Time d e p o s i t s increased $10,000,000 in the San Francisco d i s t r i c t , $8,000,000 in the New York d i s t r i c t and $12,000,000 at a l l r e p o r t i n g banks. The p r i n c i p a l changes in borrowings from Federal reserve comprise i n c r e a s e s of $23,000,000 a t the Federal Reserve Bank $8,000,000 a t Minneapolis, and decreases of $17,000,000 a t San $7,000,000 a t Cleveland and $6,000,000 at Boston. Borrowings Danks show a small increase f o r the week. banks f o r the week of Chicago and Francisco, of a l l reporting 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 banks, together with changes daring the week and the year ending October 16 1929 follows: ' (In millions of d o l l a r s ) Increase or decrease since Oct. l6.iq2q Oct. 9.1929 Oct. 17. 1928 Loans and investments - t o t a l 22,794 + 121 + 822 Loans - t o t a l 17,397 + 12s +1,408 7,875 9,522 + 188 60 +1,019 + 389 5.397 - 2,652 - On s e c u r i t i e s All other 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 Cash in v a u l t Net demand d e p o s i t s Time deposits Government d e p o s i t s Due from banks Dae to banks Borrowings from F. R. Banks DigitizedCfor FRASER 2,745 1,737 230 13,4O6 6,815 159 1,269 2,962 613 + 6 - 4 2 • - 51 18 586 424 - 162 + 20 — 18 + 366 + 12 50 + 143 + 214 + " 38 — 188 + - l + 154 - 33 31 107 Federal Reserve Board October 17. 1929- For immediate r e l e a s e CONDITION OF WEEKLY REPORTING MB3ER BANKS IN CENTRAL RESERVE CITIES (In m i l l i o n s of d o l l a r s ) Oct. 16 1929 Oct. 9 1929 Oct. 17 1Q2S Loans and investments - t o t a l 7,526 7,464 7,010 Loans - t o t a l 5,217 5,756 5,186 2,964 2,853 2,836 2,921 2,551 2,635 1,709 1,708 1,824 940 769 932 775 1,H5 710 757 51 727 5b 723 51 • 5,270 1,265 46 5,106 1,255 So 5,122 1,219 58 1,001 134 111 8o3 108 1,043 49 *46 201 1,095 1,831 3,875 6,801 6,372 429 973 1,799 3,9^1 6,713 6j4o 373 890 1,733 2,O4I 4,664 4,o4s 616 Loans and investments - t o t a l 2,119 2,083 2,060 Loans - t o t a l 1,735 1,695 1,601 1,008 727 964 730 84s 753 385 388 459 162 222 163 225 207 "11 181 16 NEW YORK On s e c u r i t i e s All other Investments - t o t a l TJ, S. Government s e c u r i t i e s Other s e c u r i t i e s Reserve vith 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 Dae from banks Dae to "banks Borrowings from F. R. Bank 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 out-of-town "banks For account of o t h e r s Total On demand On time CHICAGO On s e c u r i t i e s All other 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 Dae to "banks Borrowings from F. R. Bank 181 15 253 1,291 645 11 1,271 546 l4 1,262 676 11 149 319 130 307 173 352 72 45 58 •Revised. C ( S t . 6356a) s t . 6356b For immediate r e l e a s e PRINCIPAL RESOURCES A-TD LIABILITIES OF WEEKLY REPORTING- MEMBER BMKS IH EACH FEDERAL RESERVE DISTRICT OH OCTOBER l b , 1929 ( I n m i l l i o n s of d o l l a r s ) Federal Total Boston Hew York Phila. Cleve. Rich. jltlanta Reserve Chicago | S t . | Louis District j Hinn- | Kansas| D a l l a s j San Fran. j e a p o l i s | City | Loans and i n v e s t m e n t s - t o t a l 22,794 1,5^9 8,786 1,247 2,179 680 638 3,430 702 415 704 495 1,968 Loans - t o t a l 17,397 1,220 6,77-8 940 1,557 522 516 2,779 546 290 477 380 1,391 7,875 9,522 673 3,4o6 3,373 488 453 724 834 201 321 153 363 1,344 1,435 243 303 85 205 133 343 104 276 447 944 5,397 329 2,008 307 622 158 122 651 156 125 227 115 577 2,652 2,7^+5 165 165 1,0*40 96S 94 213 300 322 73 85 56 66 300 352 47 109 1 102 125 74 4i 333 245 1,737 230 102 17 818 65 76 15 116 27 4i 12 4o 9 265 36 45 7 27 6 60 11 35 7 112 18 13,4o6 6,815 159 951 458 9 5,885 1,798 49 698 266 16 1,033 937 19 354 245 5 326 228 11 1,950 1,232 16 380 233 3 233 131 1 505 182 2 303 139 12 790 965 16 1,269 2,962 69 129 185 1,062 62 170 100 209 57 105 85 118 219 443 68 123 56 79 131 212 ll4 164 198 6l3 37 85 44 61 25 37 120 31 47 31 22 73 On s e c u r i t i e s All other Investments - t o t a l U. S. Govt, 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 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 t a n k s Due to "banks Borrowings from F . R. Bank C
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