The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
STATEMENT FOE THE PRESS S t . 4647 Fed r rsl""Reeerve Beard, September 10, 1925* Bel eased fty^jpuhli c a t i o n Friday a f t e r n o c n , S e p t . 1 1 ; not e a r l i e r . CONDITION OF MEMBER BANKS IN LEADING CITIES Changes in t h e c o n d i t i o n of 72? r e p o r t i n g member banks in l e a d i n g c i t i e s - d u r i n g the week ending September -2, ag shown i n t h e s t a t e m e n t issued, by t h e F e d e r a l Reserve Board, i n c l u d e i n c r e a s e s of $100,000,000 i n l o a n s and d i s c o u n t s , of $93,000,000 i n n e t demand d e p o s i t s , and a d e c l i n e of $28,000,000 i n i n v e s t m e n t s . The New York Ci^y members r e p o r t e d i n c r e a s e s of $57,000,000 i n loans and d i s c o u n t s , and of $40,000,000 i n net demand d e p o s i t s , and a r e d u c t i o n of $25,000,000 i n i n v e s t m e n t s . L a r g e r f i g u r e s were r e p o r t e d f o r a l l c l a s s e s of l o a n s t h a n a week ago. Loans on U. S. Government o b l i g a t i o n s i n c r e a s e d ,$17,000,000, a l l of which was i n t h e New York d i s t r i c t . Loans on c o r p o r a t e s t o c k s and bonds went up $18,000,000, the New 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 $9,000,000, P h i l a d e l p h i a of $5,000,000, and Richmond of $4,000,000. "All o t h e r " loans and d i s c o u n t s , l a r g e l y commercial, were l a r g e r than a week ago by $65,000,000, banks i n the New York d i s t r i c t showing an i n c r e a s e of $30,000,000, and banks i n the San F r a n c i s c o and Chicago d i s t r i c t s i n c r e a s e s of $11,000,000 and $8,000,000, r e s p e c t i v e l y * Investments i n U. S. Government s e c u r i t i e s d e c l i n e d by $12,000,000, the New York d i s t r i c t r e p o r t i n g a r e d u c t i o n of $8,000,000 under t h i s item» Other bonds, s t o c k s , and s e c u r i t i e s show a d e c r e a s e of $16,000,000, d e c r e a s e s of $15«000,000 i n t h e New York d i s t r i c t and $5,000,000 in t h e P h i l a d e l p h i a 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 small i n c r e a s e s i n some of t h e o t h e r d i s t r i c t s . Net demand d e p o s i t s increased i n a l l d i s t r i c t s except Kansas C i t y and D a l l a s , Kansas C i t y , shewing a d e c r e a s e of $ 7 , 0 0 0 , 0 0 0 . The l a r g e s t i n c r e a s e s i n t h i s item were a s f o l l o w s : New York $44,000,000, Eichmcrd $12,000,000, Minneapolis $10,000,000, Chicago $9,000,000, and Boston and S t . Louis $6,000,000 each. Time d e p o s i t s d e c l i n e d by $ 5 , 0 0 0 , 0 0 0 . Borrowings from t h e F e d e r a l r e s e r v e banks d e c l i n e d by $11,000,000 i n t h e Chicago d i s t r i c t and $8,000,000 in t h e Boston d i s t r i c t . These d e c r e a s e s were mere than o f f s e t , however, ty an i n c r e a s e of $9,000,000 i n the San F r a n c i s c o d i s t r i c t and by small i n c r e a s e s i n most 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 the week and t h e y e a r ending September 2, 1925, f e l l o w s : Increase or decrease Year Week 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 bends . . . . . + 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 w i t h F. R», Banks 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 Total accommodation a t F. R«. Banks . . » + $100,000,000 17,000,000 18,000,000 65,000,000 28,000,000 4,000,000 7,000,000 1,000,000 16,000,000 + $1,038,000,000 8,000 ,.000 + 740,000,000 + 306,000,000 + 309,000,000 + 286,000,000 274,000,000 + 4,000,000 + 293,000,000 2,000,000 31,000,.000 14,000,000 4,000,000 93,000,000 5,000,000 during + + 3,000,000 ' 1- 369,000,000 634,000,.000 35,000,000 265,000,000 >.ea$.,e<3 f o r p u b l i c a t i o n Friday a f t e r n o o n , September 11, 1925; not e a r l i e r . S t . 4647a PRINCIPAL RESOURCES AND LIABILITIES OF REPORTING MEMBER BANKS IN LEADING CITIES ( i n thousands of d o i l a re) — Reporting member banks All r e p o r t i n g member banks Reporting member banks i n i n New York City Chicago Sept. lug. 26 Sept. 3 Sept. 2 | Aug. 26 | S e p t . 3 Sept. 2 | % g . 26 Sept. 3 1925 1924 1925 1925 1 1925 | 1924 1924 1925 | 1925 Number of r e p o r t i n g banks - - - - - - - - - 728 727 61 61 67 48 747 46 46 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 - 190,228 198,015 173,292 73,846 56,031 77,512 22,772 22,435 25,772 Secured by stocks and bonds - - - - - - - 5,111,535 5,093,566 4,371,7^9 2,005,346 1,994,732 1,814,183 603,610 604,911 514,092 A l l o t h e r loans and d i s c o u n t s - - - - - - 2,173,611 8,108,328 7,267,547 2,229,558 2,160,808 2,177,427 624,344 622,359 715,978 Total loans and d i s c o u n t s - - - - - - - 13,475,434 13,375,126 12,437,311 4,252,750 4,211,577 4,069,122 1,310,732 1,309,705 1,255,254 Investments• U. S. Pre-war bonds - - - - - - - - - - - 219,612 219,394 267,380 29,096 29,092 40,942 4,131 1,917 1,917 U. S. L i b e r t y bonds - - - - - - - - - - - 1,375,712 1,380,072 1,402,528 503,396 502,724 592,525 95,160 72,404 94,073 U. S. Treasury bonds - - - - - - - - - - 434,023 433,296 66,992 124,722 124,290 13,536 12,112 3,426 17,723 IL 5 . Treasury n o t e s - - - - — - - - - 322,437 395,990 662,068 171,009 178,765 325,151, 52,040 90,506 57,293 1J. S. Treasury c e r t i f i c a t e s - - - - - - — 98,251 92,793 94,230 38,4?1 32,752 33,491 3,126 6,023 3,165 Other bends, s t o c k s and s e c u r i t i e s - 2,926,491 2,942,929 2,633,788 837,671 255,724 728,775 122,419 127,127 177,326 T otal investments - - - - - - - - - — 5,442,532 5,471,134 5,133,652 1,764,315 1,790,013 1,794,420 363,153 363 , 579 353,936 Total loans and investments - - - - Reserve balances with F. R. Banks - - - - - Cash i n v a u l t - - - - - - - - - - - - - - - Net derrand 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 payable and r e d i s . with F. R. Banks: Secured by U.S. Government o b l i g a t i o n s - All o t h e r - - Total borrowings from F. R. Banks 12,917,972 12,846,320 17,570.963 6,033,065 1,635,350 1,637,599 1,604,373 691,622 270,757 220,512 60,480 12,84%,657 12,754,531 12,473,121 5,003,237 5 . 1 9 9 . W 5,204,002 4,565,437 782,477 51,340 51,662 26,005 6,171 266,SjO 248,472 124,696 373,16s 231,22s 6,001,590 5,263,542 1,673,285 1,673,284 1,609,790 697,913 715,093 163,925 172,972 173,222 61,388 64,159 22,376 23,104 28,206 4,963,880 5,071,763 1,190,142 1,191,562 1,199,929 795,402 6,171 709,435 14,037 466,362 468,278 5,645 5,645 132,247 64,575 43,021 107,065 24,552 95,015 40,239 45,725 6,291 1,551 1,225 11,770 3,070 370,075 107,656 131,617 135,254 52,616 3,436 14,840 393,079 6,072 418 - 412 UC,6 t/. f o r p I hil i c a t i c n Friday afternoon, September 11, 1925; net e a r l i e r . i r o c t o c w and l i a b i l i t i e s op a l l r e p o f t i s o * » * s BOOS i k w a m m * r e s e r v e d i s t r i c t » a t c l o s e o f b u s i n e s s , s e p t e m ^ (In thousands of d o l l a r s ) ' y Federal Reserve D i s t r i c t Boston New York Phila. ~ Cleve. Rich. Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas San "ran. Total Number of reporting banks 42 102 55 75 72 35 100 33 25 49 n 6? 727 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 . Secured by stocks & bonds 8,074 190,288 246,507 5 , 1 1 1 , 5 3 5 All other loans & d i s c o u n t s 875,503 S , i 7 3 , 6 l l Total loans and discounts 970,392 4,825,301 " 733,005 1,277,877 513,315 496,555 2,054,654 490,350 240,540 452,373 290,988 1 , 1 3 0 , 0 5 4 1 3 , 4 7 5 , 4 3 4 Investments: U» S. Pre-war bends 9,965 39,152 9,690 33,251 24,735 l 4 , 5 9 0 u 17,679 12,707 6,8.11 9,082 17,090 23,903 219,618 < S. Liberty bonds 80,395 601*662 50,930 170,475 32,0/2 13,809 168,942 22,725 25 , 775 49,071 17,405 142,407 1,375,718 U. S. Treasuiy bonds 20,349 199,446 16,935 33,897 5,131 5,545 55,543 l l , 3 4 l 12,277 17,631 7,251 4s, 674 434,023 U. S. Treasury notes 4,54l 182,806 7,784 36,302 2,025 2,345 74,704 6,486 19,410 17,622 6,217 28,192 388,437 U. S. Treasury c e r t i f i c a t e s 2,106 4l,112 6,325 H,4o4 1,482 2,158 7,252 553 2,381 3,853 2,311 17,224 98,251 Other bonds, stocks and securities 130,523 353^226 61,562 52,391 420,820 110,985 42,721 80,441 22,15b 192.261 2.Q?fi.4Ql Total investments 323,3(2 2,195,331 345,104 638,675 1 27,013 91,138 744,940 164,797 109,375 177,700 72,430 452,663 5W538 silii II 'in: Reserve balances w i t h F.R.Bk. 96,246 749,344 Cash in vault 19,910 75,595 Net demand deposits 878,428 5,539,632 Time d e p o s i t s 375,625 1,181,868 Government d eposi ts 4,053 7,862 B i l l s payable and r e d i s c o u n t s with F. R. Bank! Secured by U.S.Govt, o b l i g . 5,500 138,351 All other 6,439 28,312 Due t o banks Due from banks is 'is iil smmmm M S:£i illll ' U : £31 ^ 1:111 BARKERS' BALANCES OF REPORTING MEMBER BANKS IN FEDERAL RESERVE BANK C TTTES 104,475 1,635,350 20,444 266,670 770,094 12,841,657 775,508 5,199,405 3,983 51,340 33,291 7,305 248,472 124,696 102,399 2,174,977 568,927 45,286
@FedFRASER