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STATEMENT FOR 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 , S e p t . 18; not e a r l i e r . S t . 4656 F e d e r a l R e s e r v e Board, September 17,1925- CONDITION OF MEMBER BANKS IN LEADING CITIES The F e d e r a l Reserve B o a r d ' s weekly s t a t e m e n t of c o n d i t i o n of 727 r e p o r t i n g narnber banks i n l e a d i n g c i t i e s as of Septemfygj* 9 shows a d e c r e a s e d u r i n g t h e week of $33 , 000,000 in l o a n s and d i s c o u n t s , and / i n c r e a s e of $14,000,000 i n i n v e s t m e n t s . These changes were accorrpanied by a d r o p of $35*000,000 i n n e t demand d e p o s i t s and of $17,000,000 i n Government d e p o s i t s , and ty i n c r e a s e s of $ 2 1 , 0 0 0 , 0 0 0 i n c a s h anr) of $69,000,000 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• Member banks i n New York C i t y r e p o r t e d a d e c r e a s e d u r i n g t h e week of $ 4 8 , 0 0 0 , 0 0 0 i n l o a n s and d i s c o u n t s and a n i n c r e a s e of $12,000,000 in i n v e s t m e n t s , t o g e t h e r with a drop of $53,000,000 in net demand d e p o s i t s , and an i n c r e a s e of $64,000,000 in borrowings f r o m t h e F e d e r a l r e s e r v e bank. Loans on U. S. Government o b l i g a t i o n s and on c o r p o r a t e s t o c k s and bonds d e c l i n e d by $ 1 9 , 0 0 0 , 0 0 0 and $ 4 8 , 0 0 0 , 0 0 0 , r e s p e c t i v e l y . The New York d i s t r i c t r e p o r t e d a r e d u c t i o n of $17,000,000 i n l o a n s on U. S* Government o b l i g a t i o n s and of $42,000,000 i n l o a n s secured by c o r p o r a t e stocks and bonds. "All o t h e r " l o a n s and d i s c o u n t s , l a r g e l y commercial, were $34,000,000 l a r g e r t h a n a week ago, t h e p r i n c i p a l i n c r e a s e s of $ 1 2 , 0 0 0 , 0 0 0 and $ 1 0 , 0 0 0 , 0 0 0 b e i n g r e p o r t e d by banks i n 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 # I n v e s t m e n t s i n U. S. s e c u r i t i e s show only nominal changes d u r i n g t h e week w h i l e i n v e s t m e n t s i n o t h e r bonds, s t o c k s and s e c u r i t i e s went up $ l 6 , 0 0 0 , OuO, p r i n c i p a l l y in t h e New York and Chicago d i s t r i c t s . Net demand d e p o s i t s f e l l o f f $ 3 5 , 0 0 0 , 0 0 0 , t h e l a r g e r d e c r e a s e of $ 5 4 , 0 0 0 , 0 0 0 r e p o r t e c by banks i n t h e 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 i n c r e a s e s of $9,000,000 i n b o t h t h e A t l a n t a and D a l l a s d i s t r i c t s . Borrowings from t h e F e d e r a l r e s e r v e banks went up i t 6 l , 0 0 0 , 0 0 0 i n t h e New York d i s t r i c t and $ 1 2 , 0 0 0 , 0 0 0 i n t h e Cleveland d i s t r i c t . These i n c r e a s e s were p a r t l y o f f s e t by s m a l l d e c r e a s e s i n a number of t h e c t a 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 v e r t i n g members d u r i n g t t e week and t h e y e a r ending September 9, 1925, f o l l o w s : Increase or decrease during 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 bonds All o t h e r $. 3 3 , 0 0 0 ,.0 0 0 1 9 ,. 0 0 0 , 0 0 0 48,000,000 + 34,000,000 + 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 . + + + + + 14,000,000 1,000,000 2,000,000 1,000,000 16,000,000 + + + 4,000,000 299,000,000 Reserve b a l a n c e s w i t h F. R. Banks Cash i n v a u l t . . + + 15,000,000 21,000,000 + + -- 25,000,000 6,000,000 35,000,000 3,000,000 17,000,000 + + • + ~ 214,000,000 626,000,000 40,000,000 T o t a l accommodation a t F. R. Banks . . + + 69,000,000 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 . . - - - +. 4- - ++ - ++ ... 22,000,000 71^000,000 240,000,000 316,000,000 283,000,000 270,000,000 368,000,000 Released 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 IS, 1925; n o t e a r l i e r . St. 4656a PRINCIPAL RESOURCES AND LIABILITIES OF REPORTING MEMBER BANKS IN LEADING- CITIES (in thousands of dollars) All reporting member banks Sept. 9 1925 Number of reporting banks - - - - - - Loans and discounts, gross: — - 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 - - - - - - — A l l 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 Investments: U. S. Pre-war bonds U. S. Liberty bonds U. S. Treasury bonds U. S. Treasury notes U. S. Treasury c e r t i f i c a t e s Other bonds, stocks and s e c u r i t i e s -- - - - Total investments Total loans and investments Reserve balances with F. R. Banks Cash In vault -Net, demand deposits Time deposits Government deposits B i l l s payable and red i s . with F. R. Banks: Secured by U.S. Government obligations - All other Total borrowings frojn F. R. Banks Sept. 2 1925 727 727 171,525 5,063,063 8,207,542 190,228 5,Ul,535 S e p t . 10 192U 747 > R e p o r t i n g member banks i n New York City Sept. 9 1925 61 Sept. 2 1925 61 Sept. 10 1924 67 193,504 57,188 73,846 70,332 4,318,093 1,962,033 2,005,346 1,742,791 8,173,611 7,967,561 2,201,941 2,189,558 2,222,309 13,442,130 13,475,434 12,479,158 4,221,162 4,268,750 4,035,432 218,326 1,377,865 433,819 386,4l2 97,494 2,943,042 219,618 1,375,718 434,023 388,437 ' 98,251 2,926,491 267,664 l,4ll,358 67,504 656,552 93,851 2,644,058 5,456,958 5,442,538 5,140,987 29,098 503,126 29,096 R e p o r t i n g member banks i n Chicago Sept. 9 Sept. 2 Sept. 10 1925 1925 1924 46 46 4s 22, 778 603,610 26,577 518,935 728,656 21,788 602,145 682,189 684,344 1,306,122 1,310,732 1,274,168 40,943 597,408 13,448 320,895 33,511 789,818 1,917 95,736 17,787 57,842 3,249 194,806 1,917 95,160 17,723 58,040 3,186 187,127 4,129 72,148 3,469 91,466 6,044 177,736 1,776,234 1,764,315 1,796,023 371,337 363,153 354,992 184,629 169,689 37,873 851,819 503,396 184,722 171,009 38,421 837,671 18,899,088 18,917,972 17,620,145 5,997,396 6,033,065 5,831,455 1,650,823 1,635,350 1,625,634 703,318 691,682 703,357 287,742 266,670 293,445 60,480 64,669 66,535 12,812,832 12,847,657 12,598,679 4,950,382 5,003,837 5,062,174 5,202,579 5,199,405 4,576,615 786,975 788,477 709,302 34,423 51,340 74,747 4,120 6,171 11,015 290,347 151,498 248,472 124,696 31,553 42,330 142,740 52,706 107,065 24,552 441,845 373,168 73,883| 195,446 131,617 5,375 7,831 13,206 1,677,459 1,673,885 1,629,160 164,135 163,925 178,115 23,950 22,376 29,741 1,191,337 1 , 1 9 0 , 1 4 2 1,222,678 470,115 466,362 395,063 5,645 4,951 3,759 2,821 1,746 1,551 1,585 175 4,567 3,436 175 liC_L v C.-'s? 60 t o r p u o i i c a t i o n F r i d a y a f t e r n o o n , September 18, 1925; n o t e a r l i e r , . , PEIi IPAL RESOURCES AND LIABILITIES OF ALL REPORTING- MEMBER BANKS IN EACH FEDERAL RESERVE DISTRICT AS AT CLOSE OF BUSINESS, SEPTEMBER 9 ^ 1 9 2 5 ( j n _ t h o i i e 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. Cleve. 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 , Total Number of r e p o r t i n g banks 42 102 55 75 72 36 100 33 25 71 49 67 727 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 . 10,164 62,142 12,345 Secured by s t o c k s & bonds 322,242 2,205,791 340,390 All other loans & discounts 635,978 2,510,214 385,814 T o t a l l o a n s and d i s c o u n t s 968,384 4,778,147 738,549 1,277,584 516,228 504,844 2,050,693 491,242 244,153 446,623 295,970 1,129,713 13,442,130 Investments: U. S. P r e - w a r bontfs 9,965 39,309 9,690 32,251 24,638 14,929 17,60s 12,707 6,811 8,868 17,090 23,930 218,326 U. S. L i b e r t y bonds 79,888 601,163 50,427 7 0 , 5 6 4 3 2 , 0 6 8 13,7,53 171,920 22,603 25,712 49,019 17,641 143,107 1 , 3 7 7 , 8 6 5 U. S. T r e a s u r y bonds 20,427 199,243 16,938 34,749 5,103 5,b05 55,090 11,364 1 2 , 2 7 7 1 7 , 2 6 4 7,248 48,451 433,819 U. S. T r e a s u r y n o t e s 4,64c 181,521 7,795 36,354 2,023 2,345 72,752 6 , 4 g i 19,410 1 7 , 5 9 4 8 , 0 8 5 27,412 386,412 U. 3. T r e a s u r y c e r t i f i c a t e s 2,234 40,564 5,926 12,090 1 , 4 4 2 2,106 7,324 553 2,381 3,809 1,962 17,103 97,494 O t h e r bond3, s t o c k s and securities 206,454 1,141,899 254,079 350,672 60,479 51,574 429,095 110,950 42,841 80,76% 21,922 192,309 2 , 9 4 3 , 0 4 2 Total investments 323,668 2,204,199 344,855 636,710 125,753 9 0 , 3 1 2 753,789 164,658 109,432 177,322 73,948 452,312 5 , 4 5 6 , 9 5 8 : Si iMS Ml i l l i:S l Totrt l o a n s ma i n v e s t m e n t s 1 , 2 9 2 , 0 5 2 6 , 9 = 2 , 3 4 6 1 , 0 8 3 , 4 0 4 1 , 9 1 4 , 2 9 4 641,981 595,156 2 , 8 0 4 , 4 8 2 655,900 353,585 623,945 369,918 1,582^025 18,899^088 Reserve b a l a n c e s w i t h F.R.Bk 93,671 759,379 105,630 1,650,823 Cash i n v a u l t 20,615 81,603 21,819 287,742 Net denand d e p o s i t s 877,011 5,485,357 771,194 1 2 , 8 12,832 Time d e p o s i t s 376,976 1 , 1 8 2 , 4 2 0 774,662 5 , 2 0 2,579 Government d e p o s i t s 2,705 5,251 1,388 3,335 6,290 1,209 2,515 7,266 570 609 326 2,653 34,423 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.Govt, o b l i g . 171,082 3,300 7,685 32,439 290,347 All other 56,343 5,919 15,643 9,455 151,498 BANKERS 1 BALANCES OF REPORTING MEMBER BANKS IN FEDERAL RESERVE BANK CITIES Due t o banks 123,516 102,944 2 , 1 4 9 , 8 4 2 Due f r o m banks 36,162 44,153 571,028 s l i l l l i l l l l l l l j 8:2$ J:iKi ^ i1 2j]} s:iii m:# %% %% %
@FedFRASER