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STATEMENT FOE THE PRESS . . For immediate r e l e a s e t, St. 5914 F e d e r a l Reserve Board, September 24, 1928. CONDITION OF MEMBER BAEKS IN LEADING CITIES L a r g e l y i n c o n n e c t i o n with t h e T r e a s u r y ' s q u a r t e r l y f i s c a l o p e r a t i o n 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 s t a t e m e n t of 635 r e p o r t i n g member hanks i n l e a d i n g c i t i e s as of September 19 shows q. d e c l i n e f o r t h e week of $99»000,000 i n n e t demand d e p o s i t s and i n c r e a s e s of $140,000,000 i n Government d e p o s i t s , of $134,000,000 i n Government a e c u r i t i e s , of $23,000,000 i n time d e p o s i t s , of $54,000,000 i n l o a n s and d i s c o u n t s , and of $37*000,000 i n borrowings from t h e F e d e r a l r e s e r v e -banks. Loans on s t o c k s and bonds, i n c l u d i n g U n i t e d S t a t e s Government o b l i g a t i o n s , were $65,000,000 above t h e September 12 t o t a l a t a l l r e p o r t i n g b a n k s , an i n c r e a s e of $62,000,000 b e i n g shown f o r r e p o r t i n g banks i n the New York d i s t r i c t , of $17,000,000 i n t h e Chicago d i s t r i c t , and of $10,000,000 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 d e c r e a s e s of $10,000,000 and $9>000,000, r e s p e c t i v e l y , i n the Cleveland and A t l a n t a 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 d e c l i n e d $11,000,000 a t a l l r e p o r t i n g b a n k s , $26,000,000 i n t h e San F r a n c i s c o d i s t r i c t , $16,000,000 i n the New York d i s t r i c t , and © , 0 0 0 , 0 0 0 i n the Boston d i s t r i c t , and i n c r e a s e d $20,000,000 i n t h e Chicago d i s t r i c t and $7,000,000 i n the A t l a n t a d i s trict. S u b s t a n t i a l i n c r e a s e s i n Government s e c u r i t y h o l d i n g s were r e p o r t e d f o r member batiks i n n e a r l y a l l d i s t r i c t s , the t o t a l i n c r e a s e b e i n g $134,000,000, while h o l d i n g s of o t h e r bonds, s t o c k s and s e c u r i t i e s i n c r e a s e d $6,000,000 a t banks i n the P h i l a d e l p h i a d i s t r i c t and $1,000,000 a t a l l r e p o r t i n g b a n k s . 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 below .the September 12 t o t a l , d e c l i n e d $70,000,000 i n t h e New York d i s t r i c t , $11,000,000 i n t h e A t l a n t a d i s t r i c t , and $6,000,000 i n t h e Kansas City d i s t r i c t . Time d e p o s i t s d e c l i n e d $10,000,000 a t r e p o r t i n g banks i n t h e San F r a n c i s c o d i s t r i c t and i n c r e a s e d $19,000,000 i n the New York d i s t r i c t , $8,000,000 i n the Chicago d i s t r i c t , $6,000,000 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 $23,000,000. a t a l l r e p o r t i n g banks. A l l d i s t r i c t s p a r t i c i a p t e d i n the i n c r e a s e of $140,000,000 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 $ 4 l , 0 0 0 , 0 0 0 a t r e p o r t i n g banks i n the New York d i s t r i c t , $18,000,000 i n the Chicago d i s t r i c t , .*6,000,000 i n the Boston d i s t r i c t and $5,000,000 i n the A t l a n t a d i s t r i c t , and d e c r e a s e s of *16,000,000 and $12,000,000, r e s p e c t i v e l y , i n t h e Cleveland and San F r a n c i s c o d i s t r i c t s . 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 635 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 September 19, 1928, f o l l o w s : ( I n thousands 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 d u r i n g Week* Year Loans and i n v e s t m e n t s - t o t a l Sept. 19 1928 22,395.102 + 189,239 + Loans and d i s c o u n t s - t o t a l 15,869,099 + 5%,187 + 123,752 6,662,838 4- Secured by IJ.S.Govt, 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 Investments - t o t a l U. S. Government s e c u r i t i e s Other b o n d s , s t o c k s and 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 t o banks Borrowings f r o m 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 http://fraser.stlouisfed.org/ C. Federal Reserve Bank of St. Louis 9,082,509 + - 561,135 334,o4o + 439,999 + 461,193 135,052 3,060,749 3,465,254 + 1,739,231 246,904 + 134,079 973 7,849 7,427 206,560 1,183,205 3,236,888 862,381 — 4- + — + + 1,296 + + + 13,099,533 6,913,571 896,521 61,017 10,609 6,526,003 - -f 3,779 1,336,520 93,755 23,103 139,620 17,336 136,089 - + - + — - 21,194 34,725 13,503 166,695 565,839 145,193 5,919 107,152 592,665 + 37,395 + + 416,377 576,373 25,595 + -f 176,288 286 ,008 11,800 ' ""Figures f o r Septv 12, Revised. Federal Eo-ierve F o a r d , Septerihi:" 20, 1Q2S. CONDITION 0? WEEKLY REPORTING HEM!lER BANKS IN CENTRAL RESERVE CI'.'.lAb ( i n thousands of d o l l a r s ) For l a m e l l a t e r e l e a s e NEW YORK - 45 BANKS Loans and i n v e s t m e n t s - t o t a l » Loans and d i s c o u n t s - t o t a l 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 Investments - t o t a l U. S. Other Reserve Cash i n Governnent s e c u r i t i e s bonds, s t o c k s and s e c u r i t i e s with F. R. Banlc vault Sept. 19 1928 7,284.144 Sept. 12 1928 7,213,236 Sept. 21 1927 6,734,802 5,359.866 5,318,632 4,936,303 42,225 2,510,136 2,807,505 42,493 2,452,252 2,823,887 38,442 2,267,460 2,630,401 1,924.278 1,894,604 1,798,499 1,071,482 852,796 1,042,334 852,270 894,807 53,814 56,987 903,692 716,086 728,700 742,880 51,923 5,078,121 1,180,114 55,659 1,164,711 11,184 5,129,234 5,177,275 993,849 126,934 112,345 1,132,405 103,429 1,134,987 105,934 1,181,112 305,336 269,584 74,110 210,075 95,261 196,995 72,589 41,050 Loons to b r o k e r s and d e a l e r s ( s e c u r e d by s t o c k s and b o n d s ) : For own account 925,153 Tor account of o u t - o f - t o w n banks 1,634,219 For account of o t h e r s 1,911,104 Total 4,470,476 864,807 1,599,300 1,921,084 1,067,675 4,385,191 3,283,750 3,770,709 699,767 3,641,656 2,478,124 Loans and i n v e s t m e n t s - t o t a l 2,052,574 1,958,374 Loans and d i s c o u n t s - t o t a l 1,581.766 2,026,619 1,560,099 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 .111 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 15,959 795,051 770,756 470.808 13,815 783,327 762,957 466,520 U. S. Other Reserve Cash i n 211,638 259,120 186,878 16,647 209,389 257,131 .-Jet 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 Aie from banks Due t o banks Borrowings from F. R. bank - t o t a l Secure 1 by U.S. Government o b l i g a t i o n s All o t h e r On demand On time 743,535 33,060 1,305,934 910,l4i 805,626 CHICAGO- 43 BANKS Government s e c u r i t i e s bonds, s t o c k s and s e c u r i t i e s with F. R. Bank vault Hot 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 Duo from banks Dae t o banks Borrowings f r o m 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. 1,259,148 683,928 13,630 169,757 372,271 40.722 34,642 6,080 1,515,536 14,191 811,362 689,983 442,838 185,602 257,236 186,197 17,05s 180,555 18,958 1,250,345 1,285,070 5,651 22,677 679.266 611,871 168,921 151,997 364,091 341,675 36,090 31,617 5,932 4,761 1,171 4,473 ( st Ken ho t St. 5914b For immediate r e l e a s e PRINCIPAL RESOURCES AMD LIABILITIES OF ALL REPORTING MEMBER BAMS IH EACH FEDERAL RESERVE DISTRICT AS AT CLOSE. OF BU SI MESS, SEPTEMBER 19,1928. ( i n thousands of d o l l a r s ) F e d e r a l Reserve D i s t r i c t Total Boston New York Fhila. 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 Fran. Loans and investments-total 22,595,102 1,520,262 8,503,384 1,265,937 2,195,702 682,221 64-9,736 3,314,809 727,007 378,568 683,4g4 476,273 1,997,709 Loans and discounts-total Secured "by US Govt, o b l i g , Secured by s t o c k s & bonds All other loans & d i s e t s I n v e s t m e n t s <- t o t a l U.S,Govt, s e c u r i t i e s Other b o n d s , s t k s , & s e c u r . Reserve r a 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 15,869,099 1.054.750 6,145,368 858,889 1.463,613 522.717 502.923 2,418.743 518.511 245,460 438.116 350,733 1,329,276 12,820 2,781 2,871 22,432 3,519 2,337 3,221 2,391 647,195 186,501 133,607 1,068,642 213,4i2 74,307 123,176 91,1^3 803,598 333,435 366,445 1,347,669 301,580 168,816 311.719 257,199 732,089 159,504 146,813 876.066 208,496 133.108 245,378 125,540 332,114 72,857 74,342 376,713 76,446 73,534 119,380 86,985 399.975 86,647 72,471 499,353 132,050 59,574 125,998 38,555 133.575 41,492 38.399 267,038 45,530 26,193 56,242 32,895 5,95s 11,291 9,091 40,340 7,H0 29,663 12,035 9,767 12,356 44,189 664,897 3,189,252 8.877 472.075 377,937 465,512 2,358.016 407,048 187,361 1,166,515 3,465,254 278.151 1,191,501 1,739,231 97.279 803,765 246,904 19,926 66,047 13,099,533 90s,675 5,640,204 6,913,571 485,402 1.726,333 206,560 20,917 59,624 121,832 46,866 149,759 141,790 1.195,223 57,247 175,847 100,739 46,651 71,826 241,415 101,526 94,265 123,752 6,662,838 9,082,509 376,997 2,911,927 6,526.003 3,060,749 285,216 76,358 13,893 719,890 1,046,734 353,677 303,882 1,874,993 379,910 220,814 494,966 301,585 305,234 964,430 245,136 236,366 1,265,551 239,367 130,611 178,906 130,928 20,561 7,238 1,665 4,006 13,055 17,001 5,565 13,710 10,790 31.925 348,737 76,910 55.471 25,549 57,381 Secured b y US Govt obljlg. All other 576,373 286,008 14,530 17,395 250,512 32,442 9,l6l 18,935 70,407 15,706 93,225 62,743 14,167 635 36 78 49 70 64 31 Number of r e p o r t i n g banks C. 23,029 16,388 38,446 253,046 48,171 513,953 126,853 22,496 26,2k) 92 29 372,670 295,763 120,465 21,763 349,198 1,005,307 32,428 71,342 10,176 54 862,381 3,236,888 668,433 5,070 13,9H i l , 6 i 4 7,238 6,605 5,603 Borrowings f r o m FR B k - t o t a l 1,183.205 959,962 168,045 49,518 124,241 67,096 89,699 223,222 111,286 92,903 41,946 12,308 20,516 17,217 Du.e from banks Dae t o b a n k s 5,45s 363,856 24 64 44 221,809 81,518
@FedFRASER