i n

STATEMENT FOR THE PRESS R e l e a s e d f o r p u b l i c a t i o n ^.7^7 F r i d a y a f t e r n o o n , D-c . U , F a d e r a l R e s e r v e Board

n o t e a r n e r . December 10 , 1 9 2 5 .

CONDITION OF MEMBER BA:7vS IN LEADING CITIES

, F e d e r a l R e s e r v e B o a r d ' s week ly s t a t e m e n t of c o n d i t i o n o f /member banks p l e a d i n g c i t i e s a s of December 2 shows an i n c r e a s e of $ 4 7 , 0 0 0 , 0 0 0 i n l o a n s and

i s c o u n t s and a d e c l i n e of $12,OOv,000 i n i n v e s t m e n t s , These c h a n g e s were accom-p a n i e d by a d e c r e a s e of $ 1 2 , 0 0 0 , 0 0 0 i n time d e p o s i t s , and i n c r e a s e s of $ 7 4 , 0 0 0 , 0 0 0 i n n e t demand d e p o s i t s and of $ 2 3 , 0 0 0 , 0 0 0 i n b o r r o w i n g s f r o m the I o c S ^ ! ! ! a r 7 9 b a n k S l M e r n b s r b a n k a i n New York C i ty r e p o r t e d i n c r e a s e s of 3 ^ 5 , 0 0 0 , 0 0 0 i n l o a n s and d i s c o u n t s and of $ 3 5 , 0 0 0 , 0 0 0 i n n e t demand d e p o s i t s , t o g e t h e r w i t h r e d u c t i o n s of $ 1 6 , 0 0 0 , 0 0 0 i n i n v e s t m e n t s and of $ 9 , 0 0 0 , 0 0 0 i n t ime d e p o s i t s .

Loans on U. S. Government o b l i g a t i o n s wen t up * 2 , 0 0 0 , 0 0 0 e a c h i n t he Chicago and S t . L o u i s d i s t r i c t s . Loans on c o r p o r a t e s t o c k s and bonds d e c l i n e d $ 2 , 0 0 0 , 0 0 0 , s m a l l i n c r e a s e s i n t h e B o s t o n , P h i l a d e l p h i a and Richmond d i s t r i c t s b e i n g more t h a n o t f s e t by d e c l i n e s i n the A t l a n t a , Chicago and San F r a n c i s c o d i s t r i c t s . A l l o t h e r l o a n s and d i s c o u n t s were $ 4 6 , 0 0 0 , 0 0 0 l a r g e r t h a n a week a g e , banks i n t h e 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 $2=1,000,000, Bos ton - of $ 1 5 , 0 0 0 , 0 0 0 , and San F r a n c i s c o and Chicago $ 9 , 0 0 0 , 0 0 0 and $6*000 ,000 r e s p e c t i v e l y , w h i l e r e d u c t i o n s o f $ 1 3 , 0 0 0 , 0 0 0 and $ 5 , 0 0 0 , 0 0 0 were r e p o r t e d f o r t h e P h i l a d e l p h i a and C l e v e l a n d d i s t r i c t s .

I n v e s t m e n t s i n U. S, Government s e c u r i t i e s w e r e / l a r g e r ' t h a n a week ago a t banks i n t h e New York d i s t r i c t , w h i l e banks i n e t h e r d i s t r i c t s r e p o r t e d l i t t l e o r no change i n t h i s i t e m . H o l d i n g s of o t h e r b o n d s , s t o c k s and s e c u r i t i e s were r educed by $ 1 9 , 0 0 0 , 0 0 0 , t h e p r i n c i p a l changes b e i n g a d e c l i n e of $ 2 6 , 0 0 0 , 0 0 0 i n t h e New York d i s t r i c t and a n i n c r e a s e of $ 1 1 , 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 .

Net demand d e p o s i t s wen t up $ 7 4 , 0 0 0 , 0 0 0 , i n c r e a s e s of $ 4 9 , 0 0 0 , 0 0 0 i n t h e New York d i s t r i c t , $ 1 7 , 0 0 0 , 0 0 0 i n t h e S t . L o u i s d i s t r i c t and $ 1 5 , 0 0 0 , 0 0 0 and * 9 , 0 0 0 , 0 0 0 , r e s p e c t i v e l y , i n t h e C l e v e l a n d and Richmond d i s t r i c t s , b e i n g o f f s e t i n p a r t by a r e d u c t i o n of $13,COO,000 i n t h e Chicago 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 i n most d i s t r i c t s , t h e l a r g e s t r e d u c t i o n b e i n g ^ 3 1 0 0 0 , 0 0 0 i n t h e New York d i s t r i c t . Banks i n t h e B o s t o n d i s t r i c t , however , r e p o r t e d a n i n c r e a s e of $ 9 , 0 0 0 , 0 0 0 i n t h i s i t e m .

The p r i n c i p a l changes i n b o r r o w i n g s f rom t h e F e d e r a l r e s e r v e banks i n -c l u d e i n c r e a s e s of $ 1 0 , 0 0 0 , 0 0 0 i n t he Chicago d i s t r i c t , $ 9 , 0 0 0 , 0 0 0 i n t he San F r a n c i s c o d i s t r i c t , a n d $ 8 , 0 0 0 , 0 0 0 and $ 6 , 0 0 0 , 0 0 0 i n t h e B o s t o n and A t l a n t a d i s t r i c t s , r e s p e c t i v e l y , and r e d u c t i o n s of $ 7 , 0 0 0 , 0 0 0 i n t he New York d i s t r i c t and $ 5 , 0 0 0 , 0 0 0 i n t h e S t . L o u i s d i s t r i c t .

A summary of c h a n g e s 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 d u r i n g the week and t h e y e a r e n d i n g December 2, 1925 , f o l l o w s r

I n c r e a s e o r d e c r e a s e d u r i n g

Loans 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 . . A l l o t h e r . . .

I n v e s t m e n t s , t o t a l U. S. bonds U. S. T r e a s u r y n o t e s . . . . . . U. S. T r e a s u r y c e r t i f i c a t e s . , O the r b e n d s , s t o c k s and s e c u r i t i e s

R e s e r v e b a l a n c e s 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 . . . . . . . .

T o t a l accommodat ion a t F. R. Banks . C.

Week Year + $ 4 7 , 0 0 0 , 0 0 0 + $ 1 , 0 9 1 , 0 0 0 , 0 0 0 + 3,000,000 - 3 2 , 0 0 0 , 0 0 0 - 2 , 0 0 0 , 0 0 0 + 8 9 4 , 0 0 0 , 0 0 0 + 4 6 , 0 0 0 , 0 0 0 + 2 2 9 , 0 0 0 , 0 0 0 - 1 2 , 0 0 0 , 0 0 0 - 2 1 9 , 0 0 0 , 0 0 0 + 1 2 , 0 0 0 , 0 0 0 + 231,000,000 - 4 , 0 0 0 , 0 0 0 - 2 8 8 , 0 0 0 , 0 0 0 - 1 , 0 0 0 , 000 - 1 9 4 , 0 0 0 , 0 0 0 - 1 9 , 0 0 0 , 0 0 0 + 3 2 , 0 0 0 , 0 0 0

+ 1 3 , 0 0 0 , 0 0 0 - 56,000,000 — 6 , 0 0 0 , 0 0 0 - 1 7 , 0 0 0 , 0 0 0 + 74,000,000 1 1 2 , 0 0 0 , 0 0 0 - 1 2 , 0 0 0 , 0 0 0 + 5 2 1 , 0 0 0 , 0 0 0

- - 8 7 , 0 0 0 , 0 0 0 23,000,000 4* 3 4 8 , 0 0 0 , 0 0 0

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

n e a s f o r -duo! i c a t i o n F r i d a y terno< December 11 , 1 9 2 5 ; no t e a r l i 4757a

PRINCIPAL RESOURCES AND LIABILITIES 0 5 REPORTING MEMBER BANKS IN LEADING CITIES : ( I n t h o u s a n d s of d o l l a r s )

Al l r e p o r t i n g member banks

Dec. 2 1925

Nov. 25 1925

Dec. 3 1924

722 739

167,126 163,635 199,046 5 , 4 1 5 , 5 0 8 5 , 4 1 7 , 9 2 4 4 , 5 2 1 , 6 4 6

.8 ,1*23.302 2 , 3 7 7 , 6 5 3 8 , 1 9 4 . 0 7 6

Number of r e p o r t i n g b a n k s - - — - - - - - 722 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 - - - — - -A l l o t h e r l o a n s a n d 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 1 4 , 0 0 5 , 9 3 6 1 3 , 9 5 9 , 2 1 2 1 2 , 9 1 4 , 7 6 8 I n v e s t m e n t s :

U„ 3- P r e - w a r bonds - - - - - - -U, S, L i b e r t y "bonds - - - - - - -Ui 5< T r e a s u r y bonds - - - - - -Qe S. T r e a s u r y n o t e s - - - - - -U, S, T r e a s u r y c e r t i f i c a t e s - - -O t h e r bonds , s t o c k s and s e c u r i t i e s

T o t a l

221,341 220,557 263,961 1 , 3 9 6 , 4 2 9 1 , 3 8 6 , 8 9 1 1 , 4 8 6 , 2 2 4

431 ,377 429 ,304 6 7 , 3 2 1 350 ,584 3 5 4 , 9 6 2 638,983

8 4 , 1 5 5 55,030 278,599 2 , 9 0 8 , 8 0 7 2 , 9 2 7 , 9 8 5 2 , 8 7 6 , 6 5 7

R e p o r t i n g member b a n k s i n New York C i t y

Dec. 2 1925

Nov. 25 1925

Dec. 3 1924

R e p o r t i n g member b a n k s i n Chicago

Dec. 2 1925

) V . cL9

1925 61 61 67

4 9 , 7 9 0 50 ,288 8 1 , 8 4 5 2 , 1 4 5 , 1 1 9 2 , 1 4 6 , 5 4 8 1 , 8 6 0 , 6 6 3 2 , 2 9 5 , 7 5 9 2 , 2 6 8 , 6 2 4 2 , 3 1 3 . 1 0 6

4 , 4 9 0 , 6 6 8 4 , 4 6 5 , 4 6 0 4 , 2 5 5 , 6 1 4

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 - - - - -R e s e r v e b a l a n c e s w i t h F . R. Banks - - - - -v i s h 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 deposits - - - - - - - - - - - -B i l . . s p a y a b l e and redis, w i t h F. R. Banks :

Sticured by U.S .Government o b l i g a t i o n s - -Al l o t h e r - - - - - - - - _ _ _ _

T o t a l b o r r o w i n g s f r o m F. R. Banks - - -

C.

5,392,693 5,404,729 5,611,745 1 9 , 3 9 5 , 0 2 9 1 9 , 3 6 3 , 9 4 1 1 5 , 5 2 6 , 5 1 3

1 , b 6 8 , 2 2 9 1 , 6 5 5 , 6 4 7 1 , 7 2 4 , 2 2 4

2 9 3 , 5 3 4 2 9 9 , 2 1 6 31C.,-401

1 3 , 0 9 9 , 5 1 2 1 3 , 0 2 5 , 0 4 8 1 3 , 2 1 1 , 8 9 4

5 , 3 4 7 , 5 5 2 5 , 3 5 9 , 6 7 3 4 , 8 2 6 , 1 9 9

4 5 , 1 4 6 4 5 , 2 4 4 1 3 2 , 3 5 5

29,681 513,358 155,669 1 5 9 , 4 2 4

1 4 , 0 0 8 5 0 9 , 5 7 9

29,682 504 ,921 1 8 3 , 5 5 6 161,196 12,910

8 3 5 , 8 9 0

41,032 609,718 12,161

290,374 143,520 5 7 9 , 1 1 0

Dec. 3 1924

46

1 7 , 9 6 5 633 ,932 670,705

46

16,405 638,251 670,138

47

2 3 , 9 2 2 4 9 9 , 3 3 7 710,495

1,322,605 1,324,794 1,233,754

1 , 7 1 1 , 7 1 9 1 , 7 2 8 , 1 5 5 1 , 9 7 5 , 9 1 5

224 ,258 2 2 6 , 5 9 2

2 5 3 , 0 6 6 1 7 4 , 5 2 8

6 7 , 3 3 6 3 5 , 7 5 6

450,850 427,594 103,122

0 , 2 0 2 , 3 8 7 6,193,615 6,231,529 717,509 703,411 7 8 0 , 0 3 5

<*>*59 7 4 , 1 6 ; 71,169 5,165,865 5,131,229 5 , 3 9 0 , o 2 4

7 8 7 , 5 1 5 796 ,192 825,159 1 1 , 3 4 7 1 1 , 3 4 7 2 5 , 4 8 9

1,869 1 0 3 , 1 7 4 16,133 5 1 , 5 3 6

931 1 8 7 , 4 8 7

1 , 5 7 1 1 0 2 . 4 6 4

1 6 , 3 3 9 5 1 , 6 1 5 1,001

1 8 5 , 2 7 3

4 , 1 1 3 79 ,958 2,965

9 7 , 1 9 5 1 9 , 4 6 3

201,430 301.430 355,563 405,124

3 3 , 8 9 5 7 6 , 9 1 7

6 7 , 5 6 5 4 8 , 7 9 6

2 9 , 9 8 0 1 , 5 3 6

1 , 6 5 4 , 0 3 5 165,628

2 4 , 1 5 2

1,163,607 4 9 9 , 1 3 0

1 , 4 5 3

1 4 , 1 7 6 4 , 7 2 3

110,812 116,361 31,516|

1 , 6 8 3 , 3 5 7 1 6 7 , 7 0 1

2 4 , 9 5 5

1 , 1 7 1 , 7 4 4

4 9 9 , 3 1 6

1 , 4 5 3

13,115 4 , 9 7 5

1 , 6 3 6 , 6 7 8 1 8 0 , 5 4 5

2 9 , 2 5 2

1 , 1 6 9 , 1 9 0

4 4 5 , 7 3 0

4 , 8 3 6

7,455 428

1 8 , 8 9 9 1 8 , 0 9 0 7,883

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

R e l e a s e d 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 , December 11, 1925 ; n o t e a r l i e r .

C l e v e . R i c k . A t l a n t a Chicago S t . L o u i s Minn. Kans .Cy . D a l l a s 7 5 7 2 36 100 33 24 69 U9

Bos ton 41

New York 102

F e d e r a l R e s e r v e D i s t r i c t Number of r e p o r t i n g b a n k s Loans and d i s c o u n t s , g r o s s :

S e c u r e d by U . S . G o v t , o b i i g . 1 1 , 8 9 7 5 5 , 1 2 5 S e c u r e d by s t o c k s & bxmds 337 ,429 2 ,394*253 A l l o t h e r l o a n s & d i s c o u n t s 663 ,008 2, '617*535

st. 4757b

DECEMBER 2 , 1 9 2 5 .

San F r a n . 67

1 2 , 5 5 7 3 7 8 , 7 5 3 365 ,183

Total loans and discount,!,017 ,3 3U 5,066,913 756,493 1 ,281,33! i l i r S i i J I i l i l ig- i f JM

T o t a l 722

7,942 167,126 2 7 2 , 1 3 9 5 , 4 1 5 , 5 0 8 927,660 8,423,302

I n v e s t m e n t s ; U. S. P r e - w a r bonds U. S . L i b e r t y bonds U. S . T r e a s u r y bonds U. S . T r e a s u r y n o t e s

S. T r e a s u r y c e r t i f i c a t e s O t h e r b o n d s , s t o c k s and

s e c u r i t i e s 203 J 8 1 M 06,301 T o t a l i n v e s t m e n t s 3 2 3 , 7 5 4 2 , 1 3 5 , 1 2 9

T o t a l l o a n s and

529 ,945 2,079,987 518 ,887 251,134 442,101 322,49s" 1,207,7U1 lU,005^6 9 , 6 3 4

8 5 , 7 5 5 18,639 4,392 6,503

4 0 , 3 6 7 604,360 201 ,149 166 ,357

1 6 , 5 9 5

9 , 4 8 8 4 9 , 7 6 2 16 ,448

7 , 6 7 5 4 , 0 4 6

3 3 , 0 8 1 1 6 8 , 9 3 8

3 4 , 9 7 3 26,637 1 5 , 7 1 2

2 5 , 5 6 4 29,165 7,605 2,063 1 , 9 2 3

1 3 , 9 8 7 1 4 , 7 1 2

5 , 7 8 2 1 , 9 7 5 4 , 3 0 2

248 ,263

335 , 082

17 ,559 1 2 , 9 5 7 7 , 1 7 1 9 , 1 8 3 1 7 , 9 5 8 179,675 23,108 26,601 4 8 , 6 1 6 17,804

53 ,077 10,640 12,277 14,047 6,349 6 5 , 7 7 5 6,591 16,552 16,054 6,338

6 , 9 5 5 2,269 3,643 3,712 1,813

2 4 , 3 9 2 1 4 7 , 9 3 3

5 0 , 3 4 1 3 0 , 1 7 5 16,682

354,475 63.067 633,816 129,387

^ ' 5 7 9 419 ,219 1 1 0 , 3 4 8 43,300 77,463 23,974 209.037

2 2 1 , 3 4 1 1 , 3 9 6 , 4 2 9

4 3 1 , 3 7 7 3 5 0 , 5 8 4

8 4 , 1 5 5

2 ^ 9 0 8 , 8 0 7 " " ' ^ ^ 9 \ 9 J \ V W j ' J V ^

•9 >337_ 742,260 165,913 109,544 169,075 74,236 478,560 5I392T693 w > :::n: with ^

Government d e p o s i t s 2 , 9 8 0 ' 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:

S e c u r e d by U . S . G o v t . o b i i g . 3,720 A l l o t h e r 1 6 , 0 1 3

1 4 , 0 0 6 4 , 0 2 6

,686,301 19,398,629 110,380 1,668,229 23,393 293.534

792,22113,099,512 8 2 7 , 4 2 5 5 , 3 4 7 , 5 5 2

5 , 5 8 5 4-5,146

7 3 , 9 0 2 80,918

Due t o b a n k s Due f rom b a n k s

C.

1 2 7 , 1 1 5 1 , 1 0 9 , 6 0 2 4 5 , 2 9 2 1 0 7 , 1 4 2

1 4 , 6 9 5 12,888 BANKERS'

180,526 7 3 , 6 1 3

1 , 9 2 8 7 , 6 1 5 u . l s l 17A55 i t s ? 1 0 : ^ t i n

BALANCES OF REPORTING MEMBER BANKS IN FEDERAL RESERVE BANK CITIES

a i l S l S . ' o o s %-rn 10kW, Tdll 4 2 , 8 5 7 1 9 , 4 7 7

2 2 4 , 2 5 8 2 2 6 , 5 9 2

106,409 2,276,7 66 4 9 , 5 0 3 649 ,109

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis