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STATEMENT FOR THE PRESS s t . 5105 F e d e r a l Reserve Board, September 2~\, 1926. For immediate r e l e a s e CONDITION OF MEMBER BANKS IN LEAPING 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 s t a t e m e n t of bg4 r e p o r t i n g banks i n l e a d i n g c i t i u s as of September 22 shows r e d u c t i o n s f o r t h e week of $57,000 000 i n l o a n s and d i s c o u n t s , $ 3 4 , 0 : 0 , 0 0 0 i n i n v e s t m e n t s , and $ 3 7 1 , . 0 0 , 0 0 0 i n n e t demand d a - i n d M i . r r - > i n a - r n ° f s t o a * s a n d b c n d s . i n c l u d i n g U. S. Government o b l i g a t i o n s , were ,U s P f : v i o u s w " d k ' s t o t a l , t h e p r i n c i p a l changes i n c l u d i n g r J ^ ® . ^ a n tne - c l i n e s ° f $41, vAAj,vvO i n t h e New York d i s t r i c t , $ 9 , 0 0 0 , 0 v 0 i n t h e Chicago d i s l *7,vyV,uuv dAcn i n tn« Boston and Kansas City d i s t r i c t s , and an i n c r e a s e of i n ? h d S a n Francisco d i s t r i c t . All o t h e r l o a n s and d i s c o u n t s d e c r e a s e d nl 77 ° y r e l a t i v e l y small changes being r e p o r t e d f o r any of t h e r e s e r v e districts. T o t a l l o a n s to b r o k e r s and d e a l e r s , secured by s t o c k s and bonds, made oy r e p o r t i n g member banks i n New York C i t y ware $58,000,vOu below t h e September 15 . 0 , a T , ' l o a n s £ o r 0 W n a c c o u n t and f o r o u t - o f - t o w n banks h a v i n g d e c l i n e d $ 4 1 , 0 0 0 , 0 0 0 and &31,vvO,juu, r e s p e c t i v e l y , w h i l e l o a n s f o r o t h e r s i n c r e a s e d $ 1 4 , 0 v u , o u u . , ^ . J : 0 i ^ n s s o f U ' S ' Government s e c u r i t i e s d e c l i n e d $ 3 0 , ^ 0 0 , 0 0 0 , of wnich $7,000,000 was m t h e New York d i s t r i c t and $ 5 , 0 0 0 , 0 0 0 each i n t h e Chicago and i k n m n P n n n S ^ s t r i c t s . Holdings of o t h e r bonds, s t o c k s and s e c u r i t i e s f e l l o f f $ 4 , 0 0 0 , 0 0 0 , _ t n e l a r g e r d e c l i n e of $ 1 3 , 0 0 0 , 0 0 0 r e p o r t e d by banks i n t h e New York a i s t r i c t b e i n g o f f s e t i n p a r t by small i n c r e a s e s i n t h e Boston, C l e v e l a n d and Kansas C i t y d i s t r i c t s . 4 Net demand d e p o s i t s were $ 3 7 1 , 0 0 0 , 0 0 0 l e s s t h a n on September 15, r e d u c t i o n s being r e p o r t e d j f o r a l l d i s t r i c t s . The p r i n c i p a l r e d u c t i o n s b y d i s t r i c t s were as f e l l o w s : New for 1 .: * 1 7 3 , 0 00, oGO, Chicago $ 7 9 , 0 0 0 , 0 0 0 , San F r a n c i s c o $ 2 7 , 0 0 0 , 0 0 0 , $11 "000"0"0 ' s t * L c u i s <-20,000,000, Kansas C i t y $ 1 6 , 0 0 0 , 0 0 0 and A t l a n t a Borrowings f r o m t h e week s t o t a l . Increases d i s t r i c t , ?15,00o,000 m t r i e t and &11,OuO,000 i n F e d e r a l r e s e r v e banks were $ 8 6 , 0 0 0 , 0 0 0 above t h e p r e v i o u s of $ 3 9 , 0 0 0 , 0 0 0 were r e p o r t e d by banks i n t h e New York t h e Chicago d i s t r i c t , $ 1 4 , 0 0 0 , 0 0 0 i n t h e S t . L c u i s d i s t h e San F r a n c i s c o d i s t r i c t • A summary of changes i n the 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 memb e r s d u r i n g t h e week and t h e y e a r ending September 22, 1926, f e l l o w 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 Leans and d i s c o u n t s , t o t a l . . . . Secured by U . S . G o v t , 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 Investments, t o t a l U. S . s e c u r i t i e s . . Other bonds, s t o c k s arid s e c u r i t y Reserve b a l a n c e s w i t h F. R. Banks Cash i n v a u l t - — Year $57,000,000 12,0v0,0v0 44,000,000 1,000,000 + + 34,000,000 404,000,OOu 257,000,000 34,000,000 30,000,000 4,000,000 + + + 205,^00,000 7,000,000 196,0^0,000 109,000,000 5,000,000 + 10,000,000 5,000,000 + $627,000,000 - 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 371,000,000 21,000,000 + 1,000,000 + 139,000,000 473,000,000 115,000,000 T o t a l b o r r o w i n g s from F. R. Banks + + 1,000,000 - + - + 66,000,000 F o r immediate r e l e a s e PRINCIPAL RESOURCES AND LIABILITIES OF REPORTING MEMBER BANKS IN LEADING CITIES s t . 5105a ( i n t h o u s a n d s of d o l l a r s ) R e p o r t i n g member banks R e p o r t i n g member banks A l l r e p o r t i n g member banks i n New York C i t y i n Chicago | S e p t . 22 S e p t . 15 S e p t . 23 1 S e p t 2 2 j S e p t . 15 ( S e p t . 23 j S e p t . 22 j S e p t . 15 S e p t . 23 I 1926 1926 1925 I 192b 192b 1925 192b 1926 1925 Number of r e p o r t i n g b a n k s 694 695 725 56 61 55 46 46 46 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 & bends - - - - — _ _ _ All 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. Government s e c u r i t i e s • Other bonds, s t o c k s a n d s e c u r i t i e s ^"otal i n v e s t m e n t s - - - - - - - T o t a l l o a n s and i n v e s t m e n t s - - - 146,222 155,694 150,540 47,755 57,110 63,745 5,537,625 5,551,757 5 , 1 3 3 , 1 - 4 2,012,731 2 , 0 5 0 , 5 0 2 2,002,979 5 , 5 7 4 , 4 1 7 S, 575,530 5 , 3 1 7 , 9 9 6 2 , 3 5 4 , 4 4 1 2 , 3 5 2 , 9 9 2 2 . 2 4 0 . 1 2 5 14,113 14,561 23,530 677,512 657,33 6 607,659 715,20s 714,059 700,543 14,2.55,864 1 4 , 3 1 6 , 2 8 1 1 3 , 6 3 1 , 6 8 2 4 , 4 4 4 , 9 5 7 4 , 4 9 0 , 9 0 4 4 , 3 0 6 , 5 4 9 ' 1 , 4 0 b , 5 3 8 1 , 4 1 6 , 2 5 6 1 , 3 3 2 , 0 6 2 2,512,320 2,542,493 3 , 1 0 5 , 6 1 0 3,112.161 5,620,930 5,654,654 - ..Reserve b a l a n c e s w i t a F . R. Banks C ash 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 B i l l s p a y a b l e aid red i s . w i t h F. R. B a ^ s : Secured ty U.S. Government o b l i g a t i o n s - - All o t h e r - - - . T o t a l borrowings f r o m F. R. Banks 2,505,490 590,499 894,474 885,566 2.910.410 541.559 5)4,397 5JL.10I 5,415,900 1,732,055 1,745,571 1,725,973 170,955 .216,559 357,547 169,605 155.510 355,115 19,579,794 19,970,935 19,'347,552 6 , 1 7 7 , 0 1 5 6 , 2 3 9 , 7 7 5 6 , 0 3 2 , 5 2 2 1 , 7 5 9 , 4 9 1 1 , 8 0 4 , 1 0 3 l , b 5 7 , 1 8 0 1,655,215 277,290 1,767,390 253,362 1,647,998 253,360 695,663 63,032 714,754 173,397 157,244 160,205 63,19bj 20,316 21,034 24,345 i 1 2 , 5 9 9 , 4 5 7 "13,270,420 1 2 , 7 6 0 , 1 2 6 4,951,193 5 , 1 0 6 , 0 5 7 4 , 9 4 4 , 0 1 3 ( 1 , 2 3 0 , 1 5 5 1 , 2 5 5 , 9 0 0 1,176,056 5, t>ol,945 * 5 , 6 5 2 , 5 1 5 5 , 1 6 5 ,. 0 4 3. . 5 2 4 , 1 3 5 534,323 764,436 } 516,623 510,131 475,317 255,727 257,615 143,954) 03,09b b3,09 6 4,120) 15,149 1 5,149 9,916 236,207 219.815 456,022 770,395 64,030 201,772 2bG,754 | 50,315 69,070 165.525 194,160 34.75b 56,790 370,297 4 5 4 , 9 4 4 ) 13 f , 1 0 5 103,556 Loans t o 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 bonds) made by r e p o r t i n g member banks i n New York C i t y : For own account 931,374 971,512 For account of o u t - o f - t o w n banks 1,132,094 1,163,359 For account of o t h e r s 695.964 655.211 Total 2,762,432 2,520,352 On demand 2,042,825 2,117,151 C. 0n time 719,604 703,231 167,170 215.453 352,653 121,040j 56.119 '17/,1591 9,915 4,021 13,936 5,420 4.501 10,221 *Revised f i g u r e s . 9,111 2.411 11,522 i'cr i ; d i a t e release S t . 5105b PRINCIPAL RESOURCES AMP LIABILITIES OF ALL REPORTING MEMBER BAMS IN EACH FEDERAL RESERVE DISTRICT AS AT CLOSE OF BUSINESS, SEPTEMBER 22, 192b' ( I n t h o u s a n d s of_dc>l1 a r s ) F e d e r a l Reserve D i s t r i c t Boston New York Phila. CI e v e . Rich. Atlanta 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 50 38 93 75 68 3b 99 31 24 67 48 65 694 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 . 7,637 51,265 Secured by s t o c k s & bonds 569,378 2 , 2 9 7 , 9 2 1 All o t h e r l o a n s & d i s c o u n t s 643,523 2 , 7 2 7 , 7 0 3 T o t a l l o a n s and d i s c o u n t s 1 , 0 2 0 , 3 4 3 5,O76,£89 10,905 20,544 5,022 6,356 20,471 7,248 3,376 4,111 3,982 5,905 146,822 406,390 572,232 142,520 106,280 894,282 1 8 7 , 1 5 3 7 3,064 1 1 6 , 0 4 2 7 0,934 294,929 5 , 5 3 7 , 6 2 5 394,797 787, 2 j b 3 7 2 , 4 a 401,014 1 , 2 7 3 , 5 7 4 332,106 16c, 359 3 1 7 . 0 a 242,8 56 919,722 8 , 5 7 4 , 4 1 7 5 1 2 , 5 9 2 1 , 3 8 6 , 0 3 2 519,563 513,650 2 , 1 8 8 , 3 2 7 526,507 238,799 4 3 7 , 2 3 4 317,772 1 , 2 2 0 , 5 5 a 1 4 , 2 5 5 , 8 6 4 Investments: U.£•Government s e c u r i t i e s O t h e r bonds, s t o c k s & sec or. Total investments 91,912 267,568 359,420 Total loans & investments 152,920 1 , 0 0 4 , 3 5 2 247,329 1 . 1 5 0 , o l 2 400,249 2,154,964 292,696 70,565 4 6 , 3 0 9 361,904 6 9 , 0 1 5 52,956 654,600 139 , 520 1 0 5 , 2 6 5 312,997 6 3 , 5 9 7 61,314 1 0 5 , 3 8 3 462.209 115,324 47,601 9 2 , 0 0 b 1 7 9 , 2 2 1 108,915 197,329 1 , 4 2 0 , 7 9 2 7 , 2 3 1 , 2 5 3 1 , 1 7 2 , 0 7 2 2,040 , 632 659,543 618,915 Reserve b a l a n c e s w i t h F.R. Cash i n vaul 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 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 . G o v t , o b l i g . All o t h e r Total borrowings from F. R. Bank . 102,822 20, b4l 753,432 75,007 904,166 5,503,564 427,409 1 , 2 7 4 , 5 1 2 69,299 35,753 82,740 16,350 127,493 33,026 40,515 13,916 47,164 7,590 769,252 1 , 0 6 2 , 4 1 7 372,699 331,574 242,651 520,857 205,381 214,590 24,238 33,452 7,669 9,193 101,684 60,454 10,504 8,Sob 19,821 15,037 4,455 14,5^1 7,1% 26,451 26,954 162,138 19,370 34,852 18,996 33,559 256,74s 211,633 465 , 351 2,512,320 3,1.08,610 5,620,930 705,722 347,714 634,623 395,452 1 ,682,937 1 9 , 2 7 9 , 7 9 4 41,800 11,132 11,400 15,554 53,227 24,453 77,650 26,207 5,795 56,933 11,941 28 , 701 10,940 393,159 209, 588 502,871 264,869 217,923 119,462 149,052 99,574 2,469 6,123 5,451 9,372 48,063 12,433 20,915 1,234 2,255 33,348 3,489 6,964 .105,815 20,269 1,658,215 277,590 766,741 1 2 , 8 9 9 , 4 8 7 534,970 5,661,945 26,164 252,727 3,933 3,181 2,722 31,865 20 , 582 236,207 219,815 10,897 11,903 52,447 456,022 BANKERS' BALANCES OF REPORTING MEMBER BANKS IN FEDERAL RESERVE BANK CITIES Due t o banks Due from banks 114,825 1 , 0 0 8 , 6 3 1 33,464 10^,50b 170,521 54,965 46,115 25,1d4 30,045 15,549 lb,838 1^,500 367,812 148,107 77,324 <6,282 45,263 17,112 99,883 42,200 28,009 24,552 10b,122 54,657 2,111,801 557,218
@FedFRASER