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STATEMENT fOB THE PRESS 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 30J not e a r l i e r . CONDITION OF S t . 4705 F e d e r a l Reserve Board, October 29, 1925* BAMS IN LEADING CITIES The F e d e r a l Reserve Board 1 s weekly s t a t e m e n t of c o n d i t i o n of 723 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 as of October 21 shows an i n c r e a s e of $14,000,000 in l o a n s and d i s c o u n t s and a d e c r e a s e of $3*000,000 in i n v e s t m e n t s . These changes were accompanied by an i n c r e a s e of $4-2,000,000 i n time d e p o s i t s and by d e c l i n e s of $ 9 1 , 0 0 0 , 0 0 0 in n e t demand d e p o s i t s , of $86,000,000 i n Government d e p o s i t s and of $46,000,000 in borrowings from t h e F e d e r a l r e s e r v e banks. Member banks i n New York C i t y r e p o r t e d an i n c r e a s e of $14,000,000 i n l o a n s and d i s c o u n t s and of $6,000,000 i n n e t demand d e p o s i t s , t o g e t h e r with d e c r e a s e s of $ 1 2 , 0 0 0 , 0 0 0 i n i n v e s t m e n t s , $20,000,000 i n Government d e p o s i t s and $61,000,000 i n borrowings from t h e F e d e r a l r e s e r v e bank. Loans on U. S. Government s e c u r i t i e s went up $7 , 000,000 in t h e S t . Louis d i s t r i c t , banks in o t h e r d i s t r i c t s showing l i t t l e or no change in t h i s i t e m . Loans On c o r p o r a t e s t o c k s and bonds were h i g h e r t h a n the p r e v i o u s week oy $ 7 2 , 0 0 0 , 0 0 0 , of which $ 5 0 , 0 0 0 , 0 0 0 was 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 and $15> 000,0Q0 i n t h e Chicago d i s t r i c t , "All 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 show a d e c l i n e of $64,000, 000, r e d u c t i o n s b e i n g shown f o r a l l d i s t r i c t s except Kansas C i t y , D a l l a s and San F r a n c i s c o . The p r i n c i p a l d e c r e a s e s were $28,000,000 in t h e New York d i s t r i c t , $19,000,000 i n t h e Chicago d i s t r i c t and $8,000,000 each i n t h e Boston and S t . Louis d i s t r i c t s . I n v e s t m e n t s i n TL S• s e c u r i t i e s show but nominal change i n any of the F e d e r a l reserve d i s t r i c t s . Holdings of o t h e r bonds, s t o c k s and s e c u r i t i e s were reduced $5,000,000, d e c r e a s e s of $ 1 1 , 0 0 0 , 0 0 0 and $3,000,000 in t h e New York and A t l a n t a d i s t r i c t s , r e s p e c t i v e l y , being p a r t l y o f f s e t by small i n c r e a s e s i n t h e Boston, Cleveland, 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 . Net demand d e p o s i t s d e c l i n e d i n a l l d i s t r i c t s except D a l l a s . The p r i n c i p a l r e d u c t i o n s were as f o l l o w s : Kansas C i t y $24,000,000, San F r a n c i s c o $ 1 5 , 0 0 0 , 0 0 0 , S t . Louis $ 1 1 , 0 0 0 , 0 0 0 , Richmond $ 1 0 , 0 0 0 , 0 0 0 , Chicago $ 2 , 0 0 0 , 0 0 0 , and P h i l a d e l p h i a and A t l a n t a $ 7 , 0 0 0 , 0 0 0 each. Time d e p o s i t s i n c r e a s e d by $ 4 2 , 0 0 0 , 0 0 0 , i n c r e a s e s of $ 1 5 , 0 0 0 , 0 0 0 and $8,000,000 b e i n g r e p o r t e d by t h e Kansas City and Chicago d i s t r i c t s , r e s p e c t i v e l y . Banks i n a l l o t h e r d i s t r i c t s except M i n n e a p o l i s r e p o r t e d nominal i n c r e a s e s i n t h i s item. Net w i t h d r a w a l s of Government d e p o s i t s aggregated $ 8 6 , 0 0 0 , 0 0 0 , r e d u c t i o n s b e i n g shown f o r a l l d i s t r i c t s . The p r i n c i p a l d e c r e a s e s were as f o l l o w s : New York d i s t r i c t $ 2 5 , 0 0 0 , 0 0 0 , Cleveland d i s t r i c t $ 1 3 , 0 0 0 , 0 0 0 and San F r a n c i s c o and Chicago d i s t r i c t s $10,000,000 and $ 9 , 0 0 0 , 0 0 0 , r e s p e c t i v e l y . Reductions of $ 5 5 , 0 0 0 , 0 0 0 and $ 2 0 , 0 0 0 , 0 0 0 i n borrowings f r o m t h e f e d e r a l r e s e r v e banks were r e p o r t e d by t h e New York and Boston d i s t r i c t s , r e s p e c t i v e l y , w h i l e c o m p a r a t i v e l y small i n c r e a s e s were shown f o r some of t h e o t h e r d i s t r i c t s . 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 ending October 21, 1925, f e 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 . . . . . . . . . . . . . . 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. 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 . . Reserve b a l a n c e s with F. R. Banks 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 . • . • * Total accornmod a t ion a t F. R. Banks Week . . 4-^14,000,000 + 6,000,000 72,000,000 . • - 64,000,000 3,000,000 + 5,000,000 + 1,000,000 - 4,000,000 • • - 5,000,000 — 9,000,000 . - 12,000,000 - 9^,000,000 . . + 42,000,000 • - 8b,000,000 - 46 , 000, 000 Year +$1,036,000,000 1,000,000 + 7^9,000,000 + 248,000,000 1/,000,000 + 263,000,000 229,000,000 214,000,000 + 163,000,000 + 3> 000,000 2,000,000 + 74,000,000 + 54/,000,000 114,000,000 + 355,000,000 Releasee! f o r p u c l i c a - c i c n j r i o a y a f t e r n o o n , October 30, 1325> n o t e a r l i e r . oa PRINCIPAL RESOURCES AND LIABILITIES OE 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 b a n k s i n R e p o r t i n g member banks All r e p o r t i n g member banks Chicago i n New York C i t y O c t . 14 O c t . 22 O c t . 21 Oc t . 15 ~ Oct. 22 Oct. 21 Oct. 22 OctI W Oct. 21 1924 1925 1924 1925 1925 1925 19 24 1925 1925 Ktstnber of r e p o r t i n g banks - Loans and d i s c o u n t s , g r o s s : Secured by U. S. Government 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 - - - - - - T o t a l l o a n s and d i s c o u n t s - - - - - - - - 723 190,570 5,253,386 8,424,738 724 184,625 5,191,759 3,468,226 744 61 61 67 66,800 67,350 73,o§9 192,114 2 , 0 6 0 , 6 8 3 2 , 0 1 6 , 4 6 7 1 , 8 4 1,629 4,474,047 2 , 2 9 7 , 8 3 0 2,327 , 428 2 , 3 0 5,825 8,176,f77 219,346 1,394,740 424,994 373,214 93,748 2,953,581 219,516 1,391,483 422,520 372,379 97,466 2,958,921 29,355 264,974 499,263 1,441,744 179,565 69,695 602,499 !, 1 6 6 , 7 6 2 13,696 307,150 850,243 2,790,565 40, 883 594,739 14,176 271,436 154,932 £43,032 Total investments - - - - - - - - - - - - 5,459,623 5,462,285 5,476,627 1,738,884 1,750,940 1,919,198 R e s e r v e b a l a n c e s w i t h JP. R. Banks - - - - - - 20,415 639;107 680,810 46 22,683 625,370 692,643 47 22,387 539,555 722,853 13,878,694 13,864,610 12,842,935 4,425,313 4,411,245 4,220,483 1,340,332 1,340,696 1 , 2 8 4 , 7 9 5 Invei> cm a n t siP r e - w a r bonds ll. U. S. L i b e r t y bonds - - - - - - - - - - - U. Sv T r e a s u r y bonds - - - - - - - U. S» T r e a s u r y n o t e s - - - - - - - U. 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 T o t a l l o a n s and i n v e s t m e n t s - - - - — 46 29,232 499,189 179,026 167 , 53 2 12,904 863,057 1,916 190,688 97,133 16,487 52,089 853 190,365 4,127 83,539 3,384 86,243 18,494 185,869 361,324 358,843 384,656 1,916 99,203 16,501 52,002 1,014 1 9 , 3 3 8 , 3 1 7 1 9 , 3 2 6 , 895 1 8 , 3 1 9 , 5 6 5 6,164,197 6,162,105 6 , 1 3 9 , 6 8 1 1,701,656 1 , 6 9 9 , 5 3 9 1 , 6 6 9 , 4 5 1 162,584 174,171 179,005 723,019 687,290 683,204 1,642,759 1,652,174 1,639,617 29,683 24,763 27,179 1 3 , 0 8 7 , 1 1 6 1 3 , 1 7 8 , 3 1 6 1 3 , 0 1 2 , 8 7 5 5 , 1 2 5 , 2 4 9 5 , 1 1 9 , 6 5 9 5 , 2 9 4 , 7 3 1 1,200,559 1 , 2 0 0 , 3 5 1 1,221,888 288,916 301,355 291,065 64,515 66,758 66,674 5,289,811 5,247,740 4,742,978 791,908 787,483 484,888 479,200 4 n , 922 Government d e p o s i t s - - - - - - - - - - - - - 86,669 173,057 200,446 21,546 791,150 42,084 37,708 3,353 7,331 7,579 B i l l s p a y a b l e and r e d - i s . w i t h JT. R. B a n k s : Secured by U. S. Government o b l i g a t i o n s - All other 222,138 233,734 43,321 82,070 73,069 550 7,799 14, 281 3,895 20,386 1,510 150 234,216 50,295 199,891 23,232 43,316 422,029 467,950 66,548 93,6i6 155,139 8,349 18,176 22,396 150 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 - - - - - - - - - T o t a l borrowings f r o r - - - - R. Banks - - - 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 30, 1925; not e a r l i e r . s t . 4705b PRINCIPAL RESOURCES AND LIABILITIES OF ALL REPORTING MEMBER BANKS IN EACH FED'EAL RESERVE DISTRICT AS AT 3 LOSE OE BUSINESS, OCTOBER 21, 1925. ( 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. CI e v e . 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 San F r a n . T o t a l N'unber of r e p o r t i n g banks 41 102 54 75 72 36 100 33 25 69 49 67 723 Loans and d i s c o u n t s , g r o s s : Secured by U.S.Govt. o b l i g . 11,529 7 2,252 1 2,782 19,800 7,436 7,390 28,195 13, 981 2,425 3,804 3,072 7,898 190,570 Secured by s t o c k s & bonds 307,351 2 , 3 0 2 , 0 1 1 375,110 507,538 133,727 9 9 , 2 3 6 838,138 184,629 6 3 , 5 7 3 104,179 8 0 , 5 4 0 255,289 5 , 2 63,336 A l l o t h e r l o a n s & d i s c o u n t s 685,673 2,612,578 381,915 773,836 379,760 4 2 4 , 3 0 0 1 , 2 2 6 , 0 7 9 316,229 1 8 0 ' l 2 3 32'3' 4gU 229' 670 289,151 8 , 4 2 4 , 7 3 8 T o t a l l o a n s and d i s c o u n t s 1,005,053 4 , 9 9 2 , 8 4 1 769,813 1 , 3 0 1 , 2 2 4 525,923 530,926 2 , 0 9 2 , 4 6 2 514,899 246~126 433,407 3i3~6S2 1 , 1 5 2 , 3 3 3 1 3 , 8 7 8 , 6 9 4 Investments: T J* P r e - w a r bone's 40,04i 9,612 9,489 33,081 25,513 14,251 17,642 12,707 6,911 9,010 17,115 23,974 219,346 D. S. L i b e r t y bonds 103,121 593,349 169,808 29,160 1 4 , 5 7 7 49,972 174,603 22,778 26,039 4 8 , 1 4 5 16,380 146,308 1 , 3 9 4 , 7 4 0 U# S. T r e a s u r y bonds 19,501 195,034 15,220 34, 228 5,801 7,305 54,027 10,948 12,277 16,192 7,132 47,329 424,594 U. S. T r e a s u r y no^es 4,795 178,313 7,477 2,004 34,291 4,114 66,060 6 , 5 8 3 18,869 16,021 2 4 , 8 9 0 9,797 373,214 U. S* T r e a s u r y c e r t i f i c a t e s 6,729 17,027 4,833 17,852 2,276 3,772 7,524 1,321 2,938 4,105 4,193 20 , 678 93,748 O t ^ e r bonds, s t o c k s and securities 205,988 1 , 1 5 0 , 7 4 8 251,664 348,348 61,845 50,171 4 2 5 , 4 6 0 109,888 43,244 79,515 25,947 200,763 2 , 9 5 3 , 5 8 1 Total investments 349,746 2,175,012 338,655 6 37,608 128,103 92,686 745,316 165,842 109,161 173,076 80,476 463?942 5,459,623 T o t a l l o a n s and i n v e s t m e n t s 1 , 3 5 4 , 7 9 9 7 , 1 6 7 , 8 5 3 1 , 1 0 5 , 4 6 8 1 , 9 3 8 , 8 3 2 6 ) 4 , 0 2 6 623,612 2 , 8 3 7 , 7 7 8 680,741 355,287 606,483 354,158 1 , 6 1 6 , 2 3 0 1 9 , 3 3 8 , 3 1 7 r e s e r v e b a l a n c e s v;ith F. B.Ek. 9 8 , 0 8 6 740,425 82,755 125,078 3 9 , 9 0 4 42,637 254,084 45,146 25,878 5 0 , 5 0 3 30,346 107,917 1 , 6 4 2 , 7 5 9 Cash i n v a u l t 20,014 80,544 16,118 32,999 15,457 1 0 , 9 2 0 53,354 8,319 6 , 1 0 3 12,917 10,616 21,450 288,9l6 N at d ernand d ep os i t s 933,203 5 , 6 7 9 , 1 8 0 770,106 1,026,964 374,093 366,489 1,800,490 357,908 224,624 464,295 284.iqi 1 3 , 0 87,116 7 7 5 , 5 7 3 Time d e p o s i t s 374,331 1 , 1 8 3 , 6 4 2 195,094 750,364 199,757 2 1 3 , 7 8 2 1 , 0 0 0 , 8 7 4 216,400 109,361 155,657 9 6 , i 4 s 794,401 5 , 2 8 9,811 Government d e p o s i t s 5,651 26,600 8,047 12,467 1,27s 4,643 8,448 2,224 1,388 955 3,762 10,606 86,669 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 i i g . 4,200 82,829 12,685 32,929 7,312 8,574 26,166 4,449 3,475 3,900 3,011 32,608 222,13s All other 11,231 48,542 19,736 29,250 17,781 12,662 19,052 17,994 691 3,135 2,189 17,628 199,891 BANKERS' BALANCES OF REPORTING MEMBER BANKS IN FEDERAL RESERVE BANK CITIES Due t o banks 130,9 54 1 , 0 8 5 , 5 2 4 177,909 27,517 36,289 26,553 356,806 81,849 52,051 97,9^4 39,299 105,049 2,217,794 Due f r o m banks 39,216 106,931 67,659 26,992 1 8 , 0 9 7 15,250 1 7 0 , 5 1 2 31,571 22,544 60,167 27,141 4i,626 627,706
@FedFRASER