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BTATEZm? FOR THE PRZ8S For irar£$£iate r e l e a s e Federal Reserve Board, September 7, 1926. CONDITION OF 1VIEMBER BANKS IN LEADING CITIES The Federal Reserve Board 1 s weekly c o n d i t i o n statement of 697 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 1 shows an i n c r e a s e of $110,000,000 in l o a n s and d i s c o u n t s and a decrease of $16,000,000 in investments. These changes were accompanied witn i n c r e a s e s of $126,000,000 i n net demand d e p o s i t s , $10,000,000 m time d e p o s i t s , and $63, 000,000 i n borrowings from the Federal r e s e r v e banks. Loans and d i s c o u n t s of member banks i n New York City i n c r e a s e d $6%,000,000, n e t demand d e p o s i t s $70,000,000, and borrowings from the Federal r e s e r v e bank $30,000,000, while investments declined $11,000,000. Loans on stocks and bonds, i n c l u d i n g United S t a t e s Government o b l i g a t i o n s , were $70,000,000 above the p r e v i o u s week1 s t o t a l , the p r i n c i p a l changes being i n c r e a s e s of $40,000,000 in the New York d i s t r i c t , $10,000,000 i n the Cleveland d i s t r i c t , and $9,000,000 i n the Richmond d i s t r i c t , and a d e c l i n e of $7,000,000 i n the A t l a n t a d i s t r i c t . All o t h e r l o a n s and discounts increased $40,000,000, of which $33>000,000 was in the New York d i s t r i c t . Total l o a n s to b r o k e r s and d e a l e r s , secured by stocks and bonds, made by r e p o r t i n g banks i n New York City were <:,27, CvO, 000 above the August 25 t o t a l , l o a n s f o r own account having i n c r e a s e d 0,COO,000 and l o a n s f o r o u t - o f - t o w n banks $25,000,000, while those f o r the account of o t h e r s declined $4g,000,000. Holdings of United S t a t e s s e c u r i t i e s d e c l i n e d $17,000,000, of which $10,000,000 was r e p o r t e d by banks i n the New York d i s t r i c t and $5,000,000 by banks i n the Boston d i s t r i c t . L i t t l e change occurred i n h o l d i n g s of o t h e r bonds, stocks and s e c u r i t i e s . Net demand d e p o s i t s were $126,000,000 above the August 25 t o t a l , h i g h e r f i g u r e s being reported i or a l l d i s t r i c t s except Kansas City and A t l a n t a . The p r i n c i p a l i n c r e a s e s i n t h i s item were $78,000,OuO in the New York d i s t r i c t , $17,000,000 i n the Cleveland d i s t r i c t , and $7,000,000 i n the Chicago d i s t r i c t . Borrowings from the Federal reserve banks were $63,000,000 g r e a t e r than on August 25. An i n c r e a s e cf #3b, 000,000 in borrowings was r e p o r t e d by banks in the New York d i s t r i c t , $15,000,000 i n the San Francisco d i s t r i c t and $6,000,000 in the Boston 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 members during the week and the year ending September 1, 1926, f o l l o w s : I n c r e a s e or decrease during leek Year 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 stocks 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, stocks and s e c u r i t i e s „ . . +$110,000,000 2,000,000 + 72,000,000 + 40,000,300 16,000,000 17,000,000 + 1,000,000 + $703,000,000 45,000,000 + 457,000,000 + 294,000,000 + 156,000,000 47,000,000 + 2O3,000,000 Reserve b a l a n c e s w i t h F. R. Banks Cash in v a u l t + - 25,000,000 1,000,300 + + 20,000,000 6,000,000 + 126,000,000 + 10,000,000 - + + + 114,000,000 513,000,000 33*000,000 + + 39,000,000 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 . . . . Total borrowings from F. R. Banks C. . . . . . . . . 63,000,000 i °- r _ 9J:±te__rel^a PRINCIPAL RESOURCES AND 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 Ear York C i t y ^ i -^-6' 25 | Sept. 2 | Sept. 1 j Aug. | Sept. 2 19^0 j 192b j 1925 | 192b | 1^2b I 1925 Number of r e p o r t i n g banks 697 697 727 I 57 61 57 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 stocks & bonds - - - - - - - All otner l o a n s and d i s c o u n t s - - - - - Total loans and d i s c o u n t s - - - - - - Investments: U. S. Government s e c u r i t i e s - - - - - - 0 t n e r bonds, s t o c k s and s e c u r i t i e s - - Total investment3 - - - - - - - - - Total l o a n s and i n v e s t m e n t s . - - - - - - - Reserve balances w i t h ;4s; X Ifl. "'ij. t 2,468,942 5,598,588 2,U85,7S5 762 5,614,547 0• 46 *6 4b 2,516,047 896,421 905,133 926,644 2,926,491 876,041 .8,37, 671 873,799 5,442,535' 1,770,220 1,781,179 1 , 7 6 4 , 3 1 5 161,751 210,328 372,079 163,349 208,454 371,803" 176,026 _187,127_. 363,153 19,777,326 19,663,796 18,917,972 6,249,330 6,191,533 6,033,065 1,770,932 1,765,854 1,673,885 1,630,157 273,858 1,635,350 266,670 12,951,16s 12,834,953 12,547,657 5,712,378 5,702,100 5,199,405 84,275 84,275 51,340 B i l l s payable and r e d i s . with F.R.Banks: Secured by U.S. Government o b l i g a t i o n s 244,949 202,104 •£i_L 1 01 Ud A* — — — — — — — — — — — — — — — 146,859 167w, 271 Total borrowings from F. R. Banks - - 41 2,220 348,963 iioans to brokers and d e a l e r s (secured by member banks i n New York C i t y : Eor For For R e p o r t i n g member banks i n Chicago Sept. 1 Aug. 25 Sept. 2 1926 192b 1925 142,682 144,742 1'0,28? j 44,757 46,324 7%,84b 13,659 13:489 22,772 5,562,167 5,496,345 5,111,535(2,102,729 2,059,592 2,005,346 68c,944 651,485 603,610 8.4o7.&gq 8,426.162 6,173,611 ^ . 3 3 1 ^ .2, 303,93S 2,189 f 558 bub, 250 b*4,X44 b99^7 14,172,733 14,063,249 13,475,434 4,479,110 4,410,354 4 , 2 6 8 , 7 5 O j l . 3 9 8 , 8 5 3 1,394,051 1,310,732" R. Banks 1,654,991 ^ — — — — — » —•272,98b Yet darrazid 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 - - - - - - - - - - - - S t . S081a 248,472 124,696 373.16&I stocks and bonds) made by r e p o r t i n g own account account of o u t - o f - t o w n banks . . . account cf o t h e r s Total On demand On t irne 706,460 60,787 655,113 62,424 691,682 60,480 174,174 20,048 179,755 21,059 163,925 22,376 012,380 4,936,162 5,003,837 1,223,137 1,217,478 1 , 1 9 0 , 1 4 2 865,542 8bl,545 786,477 521,045 520,426 466,362 15,04b 15,046 6,171 3,264 3,264 5,645 88,630 33,037 ia,bo7 64,010 28,012 92,022 991,437 941,544 1,09s,091 l , 0 7 2 , b 5 4 bbS,746 717,012 2,755 , 274 2,731,210 2,049,160 2,043,623 709,114 687,587 107,065! 24,55; 131,617 j 13,954 2,985 "16,939 20,412 855 21,267 1,551 1,585 3,436 Tor iKm3di.r4.t3 ?lk- _%L :1b PRINCIPAL RESOURCES AMr LIABILITIES OF ALL REPORTING MEMBER BANKS IN EACH FEDERAL RESERVE DISTRICT AS AT CLOSE OF BUSIHESS, SEPTEMBER 1,1926 (In thousands cf d o l l a r s ) Federal 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. Dallas San F r a n . Total Number cf r e p o r t i n g banks 50 38 95 75 68 3b 99 32 24 67 48 b5 697 Loans and d i s c o u n t s , g r o s s : Secured by U . S . G o v t . " o b l i g . 7,64? 48,759 Secured by stocks & bonds 33b,024 2,375,717 All o t h e r l o a n s & d i s c o u n t s 64-0,422 2,672,756 Total l o a n s and d i s c o u n t s 984,093 5,057,234 Investments: U.S. Govtrfl&snt s e c u r i t i e s 134,953 1,014,279 Otn-er bonds, s t o c k s & s e c u r . 246, 7o3 1,181,147 Total investments 381,74b 2,195,42o Total l o a n s & investments 19,648 5,087 5,773 19,053 7,HO 3,493 3,947 3,933 7,452 142,682 562,839 150,24b 102,180 903,715 187,942 73,733 115,579 69,609 283,892 5,568,16? 380,122 796,3^9 3o5,736 3 / 6 , - 3 8 1,258,594 320,754 159,428 325,747 £33,±74 9.1 6,067 467,_b&9 792,53f 1,378,836 521,069 505,991 d,181,362 515,80b 236,0bO 445,273 307,46b 1,212,411 14,178,"738* 80,1 (b 26a,9&Z 349,163 284,815 08,853 40,701 356,03b 70,226 59,471 * 1 , 4 5 1 139,084 100,172 1,365,839 1,' :v<3 b a l a n c e s w i t h F.R.Bk. 92,984 Cash i n v a u l t 19,709 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 10,730 401,685 51,425 24,45 0 75,905 2^0,053 213,333 464,783 2 , 4 6 f / ' 442 3,129.64 6 2,944,781 091,36c 352,630 641,188 353,371 1,677,194 763,453 79,700 15,500 £72,973 5,553,163 428,097 1,312,233. 13,635 16,845 232,129 10,295 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 ? . R. Brink: Secured by U.S. Govt, o b l i g . 13,476 All o t h e r 16,852 Total borrowings from ? . R. Bank 30,32s 306,206 62,021 69,079 105,44b 457.213 111.533 46.891 9 0,469 " 763,419 175,554 115,970 195,915 30,505 12,877 10,340 3,150 247,443 48,398 46,382 7,802 27,201 10,091 109,644 20,549 1,824,801 396,9S2 204,8-68 514,512 25^,440 1,055,767 219,098 118,542 148,659 99,105 4,190 2,860 1,452 7,143 2,544 2,912 777,509 835,237 8,90b 10,736 23,637 5,695 5b,989 11,415 272,956 84 : 109 , 239 38,074 9,575 _S,P3P_ 12,206 6,465 6,368' 14,012 3,204 20.939 33,507 19,064 7,101 1 3.509 6,430 5.579 2,716 2,397 2,615 10,208 38,512 15,142 244.049 167,%Y1 147,313 18,605 18,671 20,380 24,143 48,571 20,6l0 12,009 5,113 12,823 53,654 412,220 107,636 52,872 2,219,199 576,677 BANKERS1 BALANCES OF REPORTING MEMBER BANKS IN FEDERAL RESERVE BANK CITIES Due to banks Due from franks C. 116,569 1,122,212 50,134 93,816 165,239 65,646 49,630 23,79S 25,bb8 14,900 15,584 11,998 364,596 149,880 80,138 24,700 44,398 101,429 19,428 48,081 23,100 21,424
@FedFRASER