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STATE!3uTT fOH TH3 PRESS ^ ' For immediate r e l e a s e CONDITIO# of St. 5934 F e d e r a l Reserve Board, October 8 , 192S. bAhks iit leading c i t i e s The F e d e r a l Reserve B o a r d ' s c o n d i t i o n statement of 634 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 3 shotos an i n c r e a s e f o r the week of f l 4 3 , 0 0 0 , 0 0 0 i n l o a n s and d i s c o u n t s , l a r g e l y ' o f f s e t by a r e d a c t i o n of $101,000,000 i n i n v e s t m e n t s , i n c r e a s e s of $202,000,000 i h net demand d e p o s i t s and v of $22,000,000 i n borrowings from F e d e r a l r e s e r v e banks., and d e c l i n e s of $27,000,000 i n time d e p o s i t s and of $56,000,000 i n Government d e p o s i t s . Loans on s t o c k s and bonds, i n c l u d i n g United S t a t e s Government o b l i g a t i o n s , were $58,000,000 above the September 26 t o t a l a t a l l f e n o r t i n g b a n k s , an i n c r e a s e of $69,000,000 r e p o r t e d by member banks i n the New York d i s t r i c t b e i n g p a r t l y o f f s e t by d e c l i n e s i n most of t h e o t h e r d i s t r i c t s . "All 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 $23,000,000 a t r e p o r t i n g banks i n t h e Cleveland d i s t r i c t , $18,000,000 each i n the Chicago and Boston d i s t r i c t s , $17,000,000 i n t h e New York d i s t r i c t , and $85,000,000 a t a l l r e p o r t i n g banks. Holdings of t J n i t e d S t a t e s Government s e c u r i t i e s d e c l i n e d i n n e a r l y a l l d i s t r i c t s , t h e p r i n c i p a l d e c r e a s e s b e i n g Sl6,000,000 and $7,000,000, r e s p e c t i v e l y , i n the Boston and D a l l a s d i s t r i c t s , All r e p o r t i n g banks show a r e d u c t i o n of $4o,000,000. 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 d e c l i n e d $47,000,000 i n t h e Hew York d i s t r i c t , $6,000,000 i n the Cleveland d i s t r i c t , and $61,000,000 a t a l l r e p o r t i n g banks. I n c r e a s e s i n n e t demand d e p o s i t s were r e p o r t e d by member banks i n a l l d i s t r i c t s , t h e 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 $88,000,000, Boston $33,000,000, Chicago and P h i l a d e l p h i a $16,000,000 each, Cleveland $12,000,000, and Minneapolis, Kansas C i t y , and San F r a n c i s c o $9,000,000 each. Time d e p o s i t s dec l i n e d $12,000,000 i n t h e Hew York d i s t r i c t , $S,p00,000 i n t h e San F r a n c i s c o d i s t r i c t , and $27,000,000 a t a l l r e p o r t i n g banks. Member banks i n a l l d i s t r i c t s p a r t i c i p a t e d i n the d e c l i n e of $06,000,000 i n Government d e p o s i t s . The p r i n c i p a l changes i n borrowings from F e d e r a l r e s e r v e banks f o r the week were i n c r e a s e s of $23,000,000 and $13,000,000, r e s p e c t i v e l y , i n t h e Hew York and San Francisco d i s t r i c t s and a r e d u c t i o n of $6,000,000 i n t h e Richmond d i s t r i c t . A summary of 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 $34 r e p o r t i n g member banks, t o g e t h e r with changes d u r i n g t h e week and the y e a r ending October 3, 1928, f o l l o w s : ( I n thousands of d o l l a r s ) Oct. 3 I n c r e a s e or d e c r e a s e d u r i n g Week Year 1928 Loans and i n v e s t m e n t s - t o t a l + 1,100,654 4* 42,540 22,353,058 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 l o a n s and d i s c o u n t s Investments - t o t a l U. S. Other Reserve Cash i n Government s e c u r i t i e s b o n d s , s t o c k s and s e c u r i t i e s with F. R. Banks vault Met 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 t o banks Borrowings from F. R. banks - t o t a l Secured by U.S.Govt, o b l i g a t i o n s All other Digitized C.for FRASER 15,951,642 + 143,181 + 801,197 121,890 6,668,6% 4,301 53,715 + 9,161,103 + + + 6,4oi,4i6 - 412,225 390,223 299,^7 2,992,849 3,408,567 1,715,860 249,793 13,225,954 6,905,116 — - 85,165 + ioo,64i + 39,730 60,911 + 23,378 > \-6o4 4- 202,313* 4- 1,251 + - + — + 379,854 80,387 3,335 14,528 215,884 491,170 26,948* 66, % 6 - 3,407,091 + + 62,214* 214,837* - 89,550 182,620 801,013 + 22,096 + 481,106 1,190 23,286 + + 319,603 161,503 98,583 1,204,182 509,561 291,452 - — 4- — • S e p t . 26 f i g u r e s r e v i s e d . 237,704 F e d e r a l Reserve Board, October 4, 1928., For immediate r e l e a s e CONDITION OF TEE1CLT REPORTING MEMBER BAU'S IH CEUTRAl BE SERVE CITIES ( I n thousands of d o l l a r s ) 3EV, YORK - 45 banks Loans and investments - t o t a l Oct. 3 1928 7,258,636 7,214,786 Oct. 5 1927 6,s4o,6b6 &oans and d i s c o u n t s - t o t a l 5,370,405 5,281,319 5,073,024 42,476 2,504,831 2,823,098 42,491 2.434,087 2,804,741 41,719 2,405,893 2,625,412 1,883,231 1.933,467 1,767,642 1,063,946 819,285 1,071,811 861,656 882,025 885,617 719,408 .52,280 705.399 53,145 715,091 59,745 l o t demand d e p o s i t s lime d e p o s i t s Government d e p o s i t s 5,122,717 1,183,792 26,511 5,049,583 1,185,342 44,528 1,008,167 Due from banks Stue to banks 97,880 1,184,827 1,134,793 1,261,800 255,989 228,852 124,476 155,120 100,869 151,525 77,327 82,500 41,976 849,506 1,175,491 Secured by U. S. Government o b l i g a t i o n s Secured by stocks and ponds All o t h e r l o a n s and d i s c o u n t s Investments - t o t a l U. S. Government s e c u r i t i e s Other bonds, s t o c k s and s e c u r i t i e s Reserve with F. R. Bank Cash i n v a u l t Borrowings from F. R. bank - t o t a l Secured by U.S. Government o b l i g a t i o n s All other Loans to b r o k e r s and d e a l e r s ( s e c u r e d by stocks and b o n d s ) : For own account For account of o u t - o f - t o w n banks For account of o t h e r s 929,901 1,682,057 Sept. 26 1928 106,762 1,673,943 5,268,975 123,521 115,340 2,001,259 1,297,233 922,505 4,569,978 4,524,708 3,395.235 3,917,490 652,488 3,841,593 2.593,722 Loans and investments - t o t a l 2,055,158 2,036,558 1,963,796 Loans and d i s c o u n t s - t o t a l 1,591,981 1,570,897 1,517,791 15,019 789,359 787,603 791,06s 768,056 11,773 12,337 813.420 692,034 465,661 446,005 206,354 259,307 187,692 178,586 183,224 16,757 187,847 19,547 1,268,713 6,563 1,250,761 682,393 10,893 1,292,723 623,031 164,149 379.225 354,642 162,502 154,456 388,831 47,409 44,772 10,245 43,117 36,222 9,620 1,958,020 Total On demand On time 683,115 801,513 CHICAGO- 43 banks 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 other l o a n s and d i s c o u n t s Investments - t o t a l U. S. Government s e c u r i t i e s Other bonds, s t o c k s and s e c u r i t i e s Reserve with F. R. Bank 3ash i n v a i l t tfot 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 Due to banks Borrowings from F. R. bank - t o t a l Secured by U.S.Government o b l i g a t i o n s All other C. . 461.1/7 202,297 260,880 16,370 680,m 4,292 8,550 258,313 21,672 ( S t . 5934a) 625 For immediate r e l e a s e S t . 5934b rEZlTCIPAL RESOURCES MD LIABILITIES OF ALL REPORTING M3;3ER BAilXS III EACH FB'ERAL RESERVE DISTRICT AS AT CLOSE OF BUSIltESS, OCTOBER 3,1928. ( I n thousands of d o l l a r s ) ' -Evacral Reserve D i s t r i c t Total Boston Mow York Phi l a . Cleve. Rich. A t l a n t a Chicago S t . L o u i s Minn. ICans.Cy. D a l l a s San Fran, l e a n s and i n v e s t m e n t s - t o t a l 22,353,058 1,521,144 8,475,239 1,260,248 2,201,727 677,627 639.901 3,303,673 728,463 382,010 678,275 4?5,193 2,009,498 Loans and d i s c o u n t s - t o t a l 15,951,642 1,079,237 6 , 1 6 2 . 1 5 3 859,554 1,477,914 521,176 503.835 2,435,660 523,264 249,357 438,153 351,681 1,349,658 121,890 6,66s,649 9,161,103 13,003 44,336 384,681 2,910.684 681,553 3 , 2 0 7 , 1 3 3 8,771 473,578 377,205 12,818 2,621 2,89 2 21,202 3,29 7 2,49 5 3 . 203 2,363 648,166 182,773 137.981 1,060,891 215,945 74,337 118,730 85,754 816,930 335,722 362,962 1,353,567 304,022 172,525 316,220 263,564 4,229 375,129 969,640 6,4oi,4i6 441,907 2,313,086 400,694 723,813 156,511 136,066 868,013 205,199 132,653 240,122 1 23,512 659,840 U. S. Govt- s e c u r i t i e s 2,992,849 3,-08,567 168,420 1 . 1 6 1 , 7 8 4 273,^87 1 , 1 5 1 , 3 0 2 120,131 280,563 330.695 393,118 71,792 84,719 63,929 72.137 366,371 76,036 501,142 129,163 73,422 117,419 59,231 122,703 81,700 41,212 360,650 299,190 Peserve with F. R. Bank Cash i n v a u l t 1,715.860 249,793 103,296 19,514 81,421 14,117 131,870 29,600 39,740 14,789 38.234 10,223 256,046 4o,273 26,315 5,886 33.304 2,263 120,102 21,472 oucu.rua by US Govt. o b l i g . Secured by s t o c k s & "bonds '•11 o t h e r l o a n s & d i s c t s Investments - t o t a l ITet demand d e p o s i t s Time- d e p o s i t s Government d e o o s i t s Dae from banks Due.tc "banks 780,993 66,587 46,172 7,318 57,867 11,151 13,225,954 6,905,116 98,583 935.274 5,695,273 480,366 1 , 7 1 9 , 3 3 4 28,346 9,971 833,134 728,584 1,063,479 363,915 309,437 1,268,450 326,974 227,700 509,556 304,172 1,009,532 130,750 241,022 130,726 179,052 1,263,237 962,187 246,352 237,163 305,329 6,217 15, 3,422 1,010 1,905 9,862 7,001 4,814 8,077 2,503 1,204,122 3.407,091 138.374 50.585 154,623 1 , 2 4 9 , 7 0 0 67,335 191,691 99.947 55.868 81,421 253,471 108,336 104,763 250,747 52,626 55,953 133,439 67,396 530,179 133,814 102,019 235,132 125,056 150,431 212,307 Borrowings from FR B k - t o t a l 801,013 29.691 306,583 75,960 56,119 21,877 53,484 102,308 39,326 10,099 14,327 21,023 70,216 Secured "by US Govt o b l i g . -Ml o t h e r 509,561 291,452 15.095 14.596 202,537 lo4,o46 59.044 16,916 31,554 24,565 8,015 13,262 15,754 37,730 80,457 21,251 17,773 21,553 5,980 4,119 7,785 6,542 13,220 7,143 51,627 12,529 634 36 77 49 70 64 31 92 29 24 64 44 54 ITumber of r e p o r t i n g "banks C.
@FedFRASER