The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
STATEMENT FOE THE PRESS Eel eased f o r p u b l i c a t i o n Friday a f t e r n o o n , S e p t . 25-» not e a r l i e r . St. 4664 Federal Reserve Board, September 24, 1925• CONDITION OF MEMBER BANKS IN LEADING CITIES The Federal Reserve Bcard 1 s weekly statement of. c o n d i t i o n of 727 r e p o r t i n g member banks i n l e a d i n g c i t i e s as of September 16 shows i n c r e a s e s d u r i n g the week of $ 1 5 6 , 0 0 0 , 0 0 0 i n l o a n s and d i s c o u n t s , 0 0 0 , 0 0 0 in i n v e s t m e n t s , $ 1 5 2 , 0 0 0 , 0 0 0 in net Remand d e p o s i t s , and $ 1 0 9 , 0 0 0 , 0 0 0 i n Government d e p o s i t s , t o g e t h e r w i t h a d e c r e a s e of $ 1 3 9 , 0 0 0 , 0 0 0 in borrowings from the Federal r e s e r v e banks. Member banks in New York City reported an i n c r e a s e of $ 7 0 , 0 0 0 , 0 0 0 in l o a n s and d i s c o u n t s , and. a d e c r e a s e of $ 3 ^ , 0 0 0 , 0 0 0 i n investments* These changes in l o a n s and investment# Were accompanied, by an i n c r e a s e of $ 3 8 , 0 0 0 , 0 0 0 i n net demand d e p o s i t s and h d e c r e a s e of $ 1 3 7 , 0 0 0 , 0 0 0 i n borrowings from the F e d e r a l r e s e r v e bank. Loans on. s t o c k s and bonds went up $ 6 1 , 0 0 0 , 0 0 0 , member banks i n the New York d i s t r i c t r e p o r t i n g a n i n c r e a s e of $ 3 0 , 0 0 0 , 0 0 0 and i n the Chicago d i s t r i c t $l4,000,000. "All other" l o a n s and d i s c o u n t s , l a r g e l y commercial, were $ 3 9 , 0 0 0 , 0 0 0 l a r g e r than a week ago, the p r i n c i p a l i n c r e a s e s of $4-1,000,000 and $ 1 1 , 0 0 0 , 0 0 0 being shown f o r the New York and St. Louis d i s t r i c t ? , r e s p e c t i v e l y . Investments i n U. S. s e c u r i t i e s were $ 1 3 , 0 0 0 , 0 0 0 above t h e amount reported a week ago, an i n c r e a s e of $ 2 1 , 0 0 0 , 0 0 0 i n hold ings of Treasury c e r t i f i c a t e s b e i n g p a r t l y o f f s e t by a d e c r e a s e of $ 9 , 0 0 0 , 0 0 0 in L i b e r t y bonds. Banks in the New York d i s t r i c t reported a r e d u c t i o n of $ 2 3 , 0 0 0 , 0 0 0 in Treasury c e r t i f i c a t e s . Total holdi n g s of other bonds, s t o c k s and s e c u r i t i e s show only a nominal change during the week. Net demand d e p o s i t s went up $ 1 5 2 , 0 0 0 , 0 0 0 , the 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 being as f o l l o w s : New York $ 1 0 3 , 0 0 0 , 0 0 0 , Chicago $19*000,000, Boston $ 1 8 , 0 0 0 , 0 0 0 and St. Louis $ 1 1 , 0 0 0 , 0 0 0 . Time d e p o s i t s d e c l i n e d by $ 1 4 , 0 0 0 , 0 0 0 i n the Boston district. Of the i n c r e a s e of $ 1 0 9 , 0 0 0 , 0 0 0 in Government d e p o s i t s , $ 2 3 , 0 0 0 , 0 0 0 was r e ported by banks i n t h e Cleveland d i s t r i c t , $ 2 0 , 0 0 0 , 0 0 0 ty banks in t h e San F r a n c i s c o D i s t r i c t , and $ 1 5 , 0 0 0 , 0 0 0 and $ 1 6 , 0 0 0 , 0 0 0 &y banks i n the P h i l a d e l p h i a and Chicago districts, respectively. 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 during t h e week and t h e year ending September l b , 1925; f o 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 bonds + All other . + Investments, t o t a l U. S. bond5 U. S. Treasury n o t e s . . . . . . . . U. S. Treasury 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 . + + $156,000,000 6,000,000 61,000,0^0 89,000,000 7,000,000 7,000,000 1,000,000 21,000,000 6,000,000 + $1,021,000,000 22,000,000 + 765,000,000 + 275,000,000 + 169,000,000 + + 280,000,000 205,000,000 170,000,000 264,000,000 122,000,000 2,000,000 23,000,000 11,000,000 Beserve b a l a n c e s w i t h F. B. Banks . . Cash i n v a u l t during 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 + 152,000,000 18,000,000 + 109,000,000 + + 176,000,000 563,000,000 T o t a l accommodation a t F. E. Banks . . . - + 227,000,000 139,000,000 - 89,000,000 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 , September 25, 1925; not e a r l i e r . St. 466.4a PRINCIPAL RESOURCES AMD LIABILITIES OF REPORTING MEMBER BANKS IN LEADING- CITIES ( i n thousands of d o l l a r s ) Reporting member banks All r e p o r t i n g member banks i n New York City Sept. 16 Sept. 16 S e p t . 9 I Sept. 17 Sept. 9 ~j Sept. 17 | 1924 1925 I 1924 1925 1925 1925 Number of r e p o r t i n g banks - - - - - - - - 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 Secured by s t o c k s and bonds - - - - - - All o t h e r l o a n s aid d i s c o u n t s - - - - - Total loans and d i s c o u n t s - - - - - - Investments: U. S. Pre-war bonds - - - - - - - - - - U. S. L i b e r t y 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, s t o c k s and s e c u r i t i e s - - ^ o t a l investments - - - - - - - - - - Total loans and investments - - - - Reserve b a l a n c e s with F. R. Banks - - - - Cash in v a u l t - - 727 747 6l 61 67 60,770 57,188 77,186 177,392 171,525 199,661 1,984,543 1,962,033 1,784,339 5,123,533 5,063,063 4,355,063 8,296,995 5 , 2 0 7 , 5 4 2 5,022,394 2,245,549 2,201,941 2,250,940 13,597,920 13,442,130 1 2,577,118 4,290,862 4,221,162 4,112,465 218,302 218,326 1,368,694 1,377,865 436,362 433,819 385,171 386,412 118,299 97,494 2,936,682 2,943,042 5,463,510 5,456,958 267,060 1,407,971 68,669 590,245 288,131 2,672,406 5,294,482 29,098 499,364 184,277 170,135 13,068 846,682 29,098 503,126 184,629 169,689 40,761 590,595 13,626 270,423 115,384 37,873 851,819 791,594 1,742,624 1,776,234 1,822,383 19,061,430 18,899,088 17,871,600 6,033,486 5,997,396 5,934,84g 682,981 703,318 830,383 1,628,072 1,650,823 1,750,240 277,054 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 - - - - - - - - - - - B i l l s p a y a b l e and red 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 727 287,742 278,654 61,717 64,669 63,555 12,964,967 12,812,832 12,788, 545 5,038,323 4,950,382 5,227,974 789,016 747,183 786,975 5,184,829 5,202,579 4,622,281 4,120 4,120 37,909 143,456 3^,423 232,915 157,648 145,683 290,347 151,^98 30,360 46,419 303,331 441,845 76,779 34,640 23,541 56,181 142,740 52,706 195,446 Reporting member banks i n Chicago Sept. 17 S e p t . 16 Sept. 9 1924 1925 1925 46 46 22,592 618,055 676,20s 21,758 602,145 682,139 1,317,158 1,306,122 1,917 94,261 17,557 . 58,170 1,206 191,773 364,884 1,917 95,736 17,787 57,842 3,249 194,206 371,337 1,682,042 1,677,459 168,372 164,135 23,685 23,950 1,183,376 1,191,337 470,115 470,389 9,916 3,759 48 25,093 517,772 731,553 1,274,718 4,130 72,590 3,413 79,056 21,794 180,537 361,520 1,636,23s 174,353 27,711 1,213,247 402,042 9,834 4,625 8,907 4,336 6,562 2,821 1,746 335 13,532 10,948 4,567 335 xe Leasee .or p u o i i c a t i o n Friday afternoon, September 25, 1925;' not e a r l i e r . St. 4664b PRINCIPAL RESOURCES AND LIABILITIES OF AH REPORTING MEMBER BANKS IN EACH FEDERAL RESERVE DISTRICT AS AT CLOSE OF BUSINESS , SEPTEMBER 16, 1925. (.In t bo-us ana a of a p i l a r s ) — Federal Beserve D i s t r i c t Boston New l o r k Phila. Cleve. Rich. Atlanta Chicago S t . L o u i s Minn. Kans.Gy. Dallas San Fran. 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 an? a is counts, g r o s s : Securea by U.S.Govt, o b l i g . 10,245, 66,083 12,534 19,208 6,497 7,457 30,542 7,228 2,426 3,705 3,144 Securea by stocks & bonas 324,74"$ $ , 2 3 5 , 4 l 6 5,323 1 77,392 345,981 245,396 5,123,533 All other loans & a i s c o u n t s 642,670 2,551,275 355,403 884,203 8,296,995 Total l o a n s ana a i s c o u n t s 977,664 4,652,774 746,918 1,283,446 515,230 515,545 2,067,167 503,981 250,207 445,24s 301,818 1,137,'922 1 3 ^ 9 # Investments: U. S. Pre-war bonas 9,965 39,809 9,690 32,281 24,644 14,899 17,608 12, 707 6,896 8,784 17,090 U. S. L i b e r t y bonas 23,929 218,302 79,257 596,526 49,978 170,383 29,489 14,041 170,206 22,788 25,769 48,583 17,277 U. S. Treasury bonas 144,397 1,368,694 20,643 200,334 15,875 33,834 8,079 5,764 55,875 11,247 12,283 15,994 7,101 U. S. Treasury notes 49,333 436,362 4,615 182,246 7,796 34,725 2,023 2,347 73,215 6,737 19,346 16,758 8,225 27,135 U. S. Treasury c e r t i f i c a t e s 385,171 7,483 17,112 5,703 23,178 3,160 8,244 12,442 3,648 1,821 3,979 5,623 25,906 Other bonas, s t o c k s ana 118,299 securities 203,348 1,141,391 253,256 347,850 63,137 52,585 425,041 112,441 42,443 80,967 20,891 193,332 2,936,682 Total investments 325,311 2,177,418 342,298 642,251 130,53 2 9 7,880 754,387 169,568 108,558 175,065 76,207 464,035 5,463,510 a Total loans and i„» 3 stm=nt s 1,302,975 7,030,192 1 , 0 8 9 , 2 1 6 1 , 9 2 5 , @ 7 645,762 613,425 2,821,554 673,549 358,765 620,313 378,025 1,601,957 19,061,430 l e s e r v e b a l a n c e s w i t h F.R.Bk. 96,128 739,705 104,113 1,628,072 Cash in v a u l t 20,344 76,350 21,529 277,054 Net aemana a e o o s i t s 895,203 5,588,598 779,650 12,964,967 Time a e p o s i t s 363,167 1,183,465 181,030 751,693 198,324 202,185 977,563 210,081 104,571 140,108 94j 820 777,822 5,184,829 Government a e p o s i t s 13^463 5,251 17,897 29,824 1,209 11,090 23,001 5,108 ' 3,048 2,134 8,562 22,869 143,456 B i l l g payable ana rea iscounts viith F. R. Bank: Securea by U.S.Govt, oblig. 3,575 56,551 7,288 29,064 All other 4,773 157,648 26,736 18,588 17M5 ii:?l3 % isIfi tin JL7 ,M°e7 8,161 145,683 BANKERS' BALANCES OF REPORTING MEMBER BANKS IN FEDERAL RESERVE BANK CITIES Due 10 banks 127,393 1,111,759 115,837 2,307,176 Due from banks 43,903 103,199 'll-Ml klv a 56,404 636,659 f 1 ,11 IS B M 3% s IS M
@FedFRASER