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STATEMENT FOR THE PRESS s t . 6325 For immediate r e l e a s e F e d e r a l R e s e r v e Board September 23, 1929. CONDITION OF WEEKLY REPORTING MEMBER BANKS IN LEADING CITIES The F e d e r a l R e s e r v e B o a r d ' s c o n d i t i o n s t a t e m e n t 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 I S , shows i n c r e a s e s f o r t h e week of $170,000,000 i n l o a n s and i n v e s t m e n t s , $227,000,000 i n Government d e p o s i t s and $ 6 , 0 0 0 , 0 0 0 i n t i m e d e p o s i t s , a n d d e c r e a s e s of $10^,000,000 i n n e t demand d e p o s i t s and $ 2 9 , 0 0 0 , 0 0 0 i n b o r r o w i n g s f r o m F e d e r a l r e s e r v e b a n k s . Loans on s e c u r i t i e s i n c r e a s e d $56,000,000 i n t h e New York d i s t r i c t , $16,000,000 i n t h e B o s t o n d i s t r i c t , $ 1 4 , 0 0 0 , 0 0 0 i n t h e C l e v e l a n d d i s t r i c t , and $10^,000,000 a t a l l r e p o r t i n g "banks. "All o t h e r " l o a n s d e c l i n e d $9>000,000 i n the New York d i s t r i c t , and i n c r e a s e d $ 8 , 0 0 0 , 0 0 0 i n t h e M i n n e a p o l i s d i s t r i c t , $ 7 , 0 0 0 , 0 0 0 i n t h e P h i l a d e l p h i a d i s t r i c t , and $ 5 , 0 0 0 , 0 0 0 a t a l l r e p o r t i n g "banks. H o l d i n g s of U. S. Government s e c u r i t i e s i n c r e a s e d $ 2 5 , 0 0 0 , 0 0 0 , a n d of o t h e r s e c u r i t i e s $ 3 5 , 0 0 0 , 0 0 0 of which $ 3 4 , 0 0 0 , 0 0 0 was r e p o r t e d by b a n k s i n t h e New York district. Net demand d e p o s i t s d e c l i n e d $38,000,000 i n t h e Chicago d i s t r i c t , $ 2 0 , 0 0 0 , 0 0 0 i n t h e C l e v e l a n d d i s t r i c t , $19,000,000 i n the New York d i s t r i c t , and $104,000,000 a t a l l r e p o r t i n g b a n k s . Time d e p o s i t s i n c r e a s e d $ 2 0 , 0 0 0 , 0 0 0 i n t h e New York d i s t r i c t , and d e c l i n e d $ 1 0 , 0 0 0 , 0 0 0 i n t h e Chicago d i s t r i c t , and $ 9 , 0 0 0 , 0 0 0 i n t h e San F r a n c i s c o d i s t r i c t . The p r i n c i p a l c h a n g e s i n b o r r o w i n g s f r o m F e d e r a l r e s e r v e b a n k s f o r the week comprise d e c l i n e s of $ 2 0 , 0 0 0 , 0 0 0 a t t h e F e d e r a l R e s e r v e Bank of New York, $10,000,000 a t D a l l a s , $ 9 , 0 0 0 , 0 0 0 a t B o s t o n , and $ 8 , 0 0 0 , 0 0 0 a t A t l a n t a , and an i n c r e a s e of ^ 1 9 , 0 0 0 , 0 0 0 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 b a n k s , t o g e t h e r w i t h changes d u r i n g t h e week and t h e y e a r ending September 18, 1929, f o l l o w s : ( i n m i l l i o n s of d o l l a r s ) I n c r e a s e or d e c r e a s e s i n c e S e p t . 18.1929 S e p t . 11,1929 S e p t . 19,1928 Loans and i n v e s t m e n t s - t o t a l 22,740 + 170 + Loans - t o t a l 11L§52 4- 110* +1,311 7,682 9,569 + + io4 5* + + 808 503 5 >89 + 60* - 550 2,719 2,770 + + 25 35* - 337 214 1,721 236 + 14 — 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. 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 Due from banks Due t o banks Borrowings f r o m F . R. Banks , 13,179 6,805 - 10 io4 + 6 227 + 227 1,156 + + 38 35 — 29 2,747 673 - + - + 760 9 9 134 26 20 - 18 26l - 188 •September 11, f i g u r e s r e v i s e d . F e d e r a l R e s e r v e Board September 19, I 9 2 9 . For immediate r e l e a s e CONDITIO!! OF WEEKLY REPORTING MEI.3ER BANKS III 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 . IS 1929 S e p t . 11 1929 S e p t . 19 192S NE'.7 YORK Loans and i n v e s t m e n t s - t o t a l 7,46? 7,063 5,770 5,247 2,894 2,920 2,846 2,924 2,577 2,669 1,729 1,697 1,816 950 779 945 752 1,071 745 750 50 H 7,.542 Loans - t o t a l 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 r / i t h F. R. Bank Cash i n v a u l t 743 52 5,193 1,223 ' 65 5,204 1,209 .5,078 1,180 56 Due from hanks Dae t o "banks 115 885 92 891 112 932 Borrowings f r o m F . R. Bank 142 159 305 1,O46 1,897 3,626 6,569 1,017 l,s4i 3,616 6,474 iM 6,210 359 6,119 355 3,771 700 Loans and i n v e s t m e n t s - t o t a l 2,O4S 2,050 2,o4g Loans - t o t a l 1,662 1,661 1,535 929 733 929 732 860 726 386 389 4b 4 163 223 161 228 212 252 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 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 : Tor oira a c c o u n t For a c c o u n t of o u t - o f - t o w n banks For a c c o u n t of o t h e r s Total On demand On time 1,911 4,470 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 16s ( 16 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 Due from b a n k s Dae t o banks Borrowings f r o m F . R. Bank DigitizedCfor FRASER x -n? 16 187 17 1,277 654 l4 142 324 138 310 170 372 37 11 4i ( S t . 6325a) For immediate r e l e a s e st. 6325b PRINCIPAL RESOURCES MB LIABILITIES OF WEEKLY REPORTING MEMBER BANKS IN EACH FEDERAL RESERVE DISTRICT GM SEPTEMBER 18, 1929 ( I n m i l l i o n s of d o l l a r s ) Federal Total Boston Hew York Phila. Reserve Cleve. Rich. Loans and i n v e s t m e n t s - t o t a l 22,7^0 1,530 8,799 1,250 2,197 679 Loans - t o t a l 17,252 1,185 6,767 94O 1,567 519 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 R e s e r v e w i t h F. R. Bank Cash i n v a u l t 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 Due f r o m "banks Due t o b a n k s B o r r o w i n g s f r o m F . R. Bank n 200 A t l a n t a I Chicago ' St. Louis District Minn- I Kansas Dallas e a p o l i s | City I San F r a n . 648 3,372 697 413 703 490 1,963 521 2,710 539 290 475 365 1,373 103 427 7,682 506 454 743 824 319 154 36s 1,274 1,436 238 301 86 204 142 679 3,325 3,442 486 9,569 333 26l 5,439 345 2,032 310 630 160 126 662 157 124 228 125 589 2,719 2,770 176 169 1,052 93 212 306 324 75 85 69 67 306 356 48 979 103 125 83 42 343 246 1,721 236 105 816 17 65 78 15 129 29 12 6 56 11 34 108 8 19 704 1,035 948 344 244 237 132 509 184 774 1 3 289 142 18 118 201 89 188 24 22 74 13,179 6,805 916 470 13 5,793 1,765 70 2,747 55 118 944 161 673 37 172 51 227 1,156 162 266 23 63 4I 39 10 318 248" 39 1,899 1,242 109 42 6 36l 55 25 8 234 16 205 47 94 78 102 210 452 109 1 52 30 45 85 49 30 26 97 23 224 4 53 60 946 955 23 160
@FedFRASER