Released for publication ^.7^7 U, · in STATEMENT FOR THE PRESS Released for publication ^.7^7...
3
in STATEMENT FOR THE PRESS Released for publication ^.7^7 Friday afternoon, D-c. U, Faderal Reserve Board not earner. December 10, 1925. CONDITION OF MEMBER BA : 7vS IN LEADING CITIES , Federal Reserve Board's weekly statement of condition of/member banks pleading cities as of December 2 shows an increase of $47,000,000 in loans and iscounts and a decline of $12,OOv,000 in investments, These changes were accom- panied by a decrease of $12,000,000 in time deposits, and increases of $74,000,000 in net demand deposits and of $23,000,000 in borrowings from the Ioc S ^ !!! ar79 bankSl Mernbsr banka i n New York City reported increases of 3^5,000,000 in loans and discounts and of $35,000,000 in net demand deposits, together with reductions of $16,000,000 in investments and of $9,000,000 in time deposits. Loans on U. S. Government obligations went up *2,000,000 each in the Chicago and St. L o u i s d i s t r i c t s . Loans on c orporate stocks and bonds declined $2,000,000, small increases in the Boston, Philadelphia and Richmond d i s t r i c t s being more than otfset by declines in the Atlanta, Chicago and San Francisco districts. All other loans and discounts were $46,000,000 larger than a week age, banks i n t h e New Y o r k d i s t r i c t reporting an increase of $2=1,000,000, Boston - of $15,000,000, and San Francisco and Chicago $9,000,000 and $6*000,000 respectively, while reductions of $13,000,000 and $5,000,000 were reported for the Philadelphia and C l e v e l a n d d i s t r i c t s . Investments in U. S, Government securities were/larger'than a week ago at banks i n t h e New York d i s t r i c t , while banks in e t h e r d i s t r i c t s reported little or no change in this item. Holdings of other bonds, stocks and securities were reduced by $19,000,000, the principal changes being a decline of $26,000,000 i n t h e New Y o r k d i s t r i c t and an increase of $11,000,000 in the C l e v e l a n d d i s t r i c t . Net demand deposits went up $74,000,000, increases of $49,000,000 in the New Y o r k d i s t r i c t , $17,000,000 i n t h e St. Louis district and $15,000,000 and *9,000,000, respectively, in the Cleveland and Richmond d i s t r i c t s , being offset in part by a reduction of $13,COO,000 in the C h i c a g o d i s t r i c t . Time deposits declined in m o s t d i s t r i c t s , the largest reduction being ^31000,000 i n t h e New Y o r k d i s t r i c t . Banks in the B o s t o n d i s t r i c t , however, reported an increase of $9,000,000 in this item. The principal changes in borrowings from the Federal reserve banks in- clude increases of $10,000,000 in the Chicago district, $9,000,000 in the San Francisco district, and $8,000,000 and $6,000,000 in the Boston and Atlanta districts, respectively, and reductions of $7,000,000 in t h e New Y o r k d i s t r i c t and $5,000,000 i n t h e St. L o u i s d i s t r i c t . A summary of changes in the principal assets and liabilities of reporting members during the week and the year ending December 2, 1925, followsr Increase or decrease during Loans and discounts, total . . . . Secured by U.S.Govt. obligations Secured by stocks and bonds . . All other ... Investments, total U. S. bonds U. S. Treasury notes ... ... U. S. Treasury certificates . , Other bends, stocks and securities Reserve balances with F. R. Banks Cash in vaul t Net demand deposits ... Time deposits . . . . . . Government deposits . . . . . . . . Total accommodation at F. R. Banks . C. Week Year + $47,000,000 + $1,091,000,000 + 3,000,000 - 32,000,000 - 2,000,000 + 894,000,000 + 46,000,000 + 229,000,000 - 12,000,000 - 219,000,000 + 12,000,000 + 231,000,000 - 4,000,000 - 288,000,000 - 1,000, 000 - 194,000,000 - 19,000,000 + 32,000,000 + 13,000,000 - 56,000,000 — 6,000,000 - 17,000,000 + 74,000,000 112,000,000 - 12,000,000 + 521,000,000 - - 87,000,000 23,000,000 4* 348,000,000 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
Transcript of Released for publication ^.7^7 U, · in STATEMENT FOR THE PRESS Released for publication ^.7^7...
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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
