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STATEMENT FOR THE PRESS „ . ^ inanediate release s t . 6316 Federal Reserve Board September l 5 , 1929. CONDITION OF WEEKLY REPORTING- MEMBER BANKS IN LEADING CITIES 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 weekly r e p o r t i n g member banks i n 101 l e a d i n g c i t i e s on September 11 shows d e c r e a s e s f o r the week of 4)21,000,000 i n l o a n s and i n v e s t m e n t s , $59,000,000 i n borrowings from F e d e r a l r e serve banks, and $9,000,000 i n time d e p o s i t s , and an i n c r e a s e of 699,000,000 i n n e t demand d e p o s i t s . ^ Loans on s e c u r i t i e s d e c l i n e d $105,000,000 in the New York d i s t r i c t , and f54,000,000 a t a l l r e p o r t i n g banks, and i n c r e a s e d $33,000,000 i n t h e Chicago d i s t r i c t and $7,000,000 i n t h e D a l l a s d i s t r i c t . "All o t h e r " l o a n s i n c r e a s e d 4)25,000,000 i n t h e New York d i s t r i c t , $7,000,000 each i n the Minneapolis and San F r a n c i s c o d i s t r i c t s , $6,000,000 i n t h e S t . Louis 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 U. S. Government s e c u r i t i e s and of o t h e r s e c u r i t i e s d e c l i n e d $>5,000,000 each. Net demand d e p o s i t s , which a t a l l r e p o r t i n g banks were $99,000,000 above the September 4 t o t a l , i n c r e a s 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 i n c r e a s e s by d i s t r i c t s b e i n g Chicago $51,000,000, Boston and San F r a n c i s c o $11,000,000 each, and S t . Louis and D a l l a s $10,000,000. Time d e p o s i t s d e c l i n e d $18,000,000 i n the Chicago 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 banks. The p r i n c i p a l changes i n borrowings from Federal r e s e r v e banks f o r the week comprise d e c l i n e s of $63,000,000 a t t h e F e d e r a l Reserve Bank of New York, $6,000,000 a t Boston, and $5,000,000 each a t P h i l a d e l p h i a and Kansas C i t y , and i n c r e a s e s of 0)12,000,000 a t the Federal Reserve Bank of San F r a n c i s c o , and $5,000,000 a t Chicago. 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 weekly r e p o r t i n g member banks, t o g e t h e r with changes during t h e week and the year ending September 11, 1929, f o l l o w s : (In m i l l i o n of d o l l a r s ) I n c r e a s e or decrease s i n c e Sept. 11.1929 Sept. 4.1929 Sept. 12.1928 Loans and i n v e s t m e n t s - t o t a l 22,570 - Loans - t o t a l 17,I4I - 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 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 Dae from banks Due to banks Borrowings from F. R. Banks C 7,578 9,563 4- 5,430 - 2,694 2,736 - 9 + 783 +1,262 % + 764 + 498 11 - 5 5 t 1 On s e c u r i t i e s All other 21 478 1,707 246 + 32 + 6 - 15 7 13,283 6,799 + 99 9 11 + - 132 18 67 + 3 10 - 34 201 — 59 - 123 1,116 2,712 702 * Federal Reserve Board September 12, I929. - For immediate r e l e a s e CONDITION OF WSSKCT3EP0RTHG MEMBER BA3TKS Di CENTRAL RESERVE CITIES ( i n m i l l i o n s of d o l l a r s ) S e p t . 11 Sept. 4 Sept. 12 1929 1929 1928 HEW YORK Loans, and i n v e s t m e n t s - t o t a l 7,467 7,546 Loans - t o t a l 5,770 5.853 ' 6,991 5.203 2,846 2,92k 2,944 2,908 2,520 2,684 1,697 1.693 1,788 9^5 752 943 750 1,042 746 734 54 717 52 5,204 1.209 5,230 1,206 3 Due from "banks Due to banks 92 891 85 885 Borrowings from F. R. Bank 159 217 270 1,017 l,84l 3,616 1,103 1,784 3,467 865 1.599 1,921 6,474 6,354 4,385 6,119 355 6,005 349 3, Loans and i n v e s t m e n t s - t o t a l 2,050 2,037 2,023 Loans - t o t a l 1,661 1.643 1.563 929 732 910 733 845 718 389 394 46o 161 228 162 232 209 251 176 16 171 16 186 17 1.277 554 1.258 675 1 1,250 679 6 138 310 162 316 169 342 11 1 36 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. Sank Cash i n v a u l t N.et 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 Loans on s e c u r i t i e s t o b r o k e r s and d e a l e r s : For own account For a c c o u n t of o u t - o f - t o w n banks For account of o t h e r s T o tal On demand On time 5,129 1,165 11 * 103 935 744 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 w i t h F. &. Bank Cash i n v a u l t Uet 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 bsinks Borrowings f r o m F. R. Bank ( s t . 6316a) c. For immediate release PRINCIPAL RESOURCES MD LIABILITIES OF WEEKLY REPORTING MEMBER BA2TKS IN EACH FEDERAL RESERVE DISTRICT QT SEPTEMBER 11, I929 (In millions of dollars) Total Federal Boston Hew York Phila. Cleve. Reserve j1 R i c h . Atlanta Chicago St. Louis Minneapolis District Kansas D a l l a s City San F r a n . Loans and i n v e s t m e n t s - t o t a l 22,570 1,511 8,712 1,231 2,183 678 648 3,369 700 4os 703 482 1,945 Loans - t o t a l 17,lUl 1,173 6,720 924 1,557 521 523 2,703 54o 286 469 362 1,364 7.57S 9,563 490 683 3,269 3,451 478 446 729 828 201 320 152 371 1,272 1,431 240 299 90 196 133 336 102 260 421 943 5,430 338 1,992 307 626 158 125 666 l6l 121 234 119 581 2,694 2,736 l66 172 1.047 94 213 301 325 11 u 306 360 51 109 68 53 108 126 1,707 246 99 19 69 77 15 129 29 39 13 39 10 257 39 7 27 sy 5,812 1,745 705 261 1,055 951 350 244 324 1,937 373 224 j§ 137 950 56 157 201 96 49 91 73 99 437 205 192 49 58 29 53 66 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 w i t h 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 Dae f r o m "banks Dae t o t a n k s Borrowings f r o m F. R. Bank C 13,233 6,799 1,118 2,712 702 46 945 7 233 1,252 11 337 245 56 12 33 8 109 20 132 236 507 183 289 142 783 964 50 io4 53 83 119 199 60 86 160 191 50 27 29 32 70 6
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