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FEDERAL RESERVE BOARD
WASHINGTON
ADDRESS OFFICIAL CORRESPONDENCE T O
T H E FEDERAL RESERVE BOARD
February 10 , 192S
s t . 5 6 7 s
SUBJECT: Condition of Member Banks
as o f
December
31 . 1927.
Dear
S i r :
F o r
your information there
i s
enclosed,
herewi th
a
pre l imin ary s ta tement regard ing
t h e
cond i t i on
o f a l l
member banks combined
as of
December
]1 , 1927 . The
Board's Member Bank Call
Renort
(N o. ~*>8)
showing detai led f igures
f o r a l l
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j 577
CONDITION or MEMBEB BANKS OH IECEMBEE 31 , 1927 . St . 5675a
Loans
a nd
investments
o f a l l
member "banks
on
December
31
a t t a i n e d
the new
peak
to t a l of £34,679<000,000, showing an increase of $1,228,000,000 since October 10,
th e
preceding cal l date ,
and of
$2,783,000,000
f o r t h e
year .
Of th e
total increase
since October
1 0 ,
$969,000,000
was
repor ted
by
banks
in the two
ce nt ra l reserve
c i t i e s , i nc lud ing a n increase of $871,000,000 in New York Ci ty , 3220,000,000 by
banks
i n
o ther reserve c i t i es ,
a n d
$39,000,000
b y
cou ntr y ban ks. Loans
a n d d i s -
counts , including overdraf ts , totaled $24,318,000,000,
an
i nc r ease
of
$827,000,000
since October 10 and of $1,4-12,000,000 since December 3 1 , 1926 , t he p r i nc ipa l
changes
i n
this item since October
10 by
Federa l reserve d i s t r i c t s be ing increases
of $819,000,000 and $38,000,000, respect ively, in the New York a n d Chicago d i s -
t r i c t s ,
and a
decrease
of
$4o,000,000
i n t h e
Cleveland d i s t r i c t . Investments
i n
U. S.
Government s e c u r i t i e s were $121,000,000 hi gh er tha n
on
October
10 and .
$585,000,000 above t h e amount held a year e ar l i e r , whi le investments i n other secu-
ri t ies increased $280,000,000 since October
10 and
$782,000,000 during
t h e
year .
Of
t h e
to ta l increase
of
$401,000,000
i n
sec ur it y hol din gs, $204,000,000
was
reported
b y banks i n cen t r a l r e se rve c i t i e s a n d $128,000,000 by those i n o ther reserve c i t i es .
Total deposits were $36,635,000,000, an increase of $1,185,000,000 since October
10 and of
$2,127,000,000
f o r th e
ye a r . Demand de posi ts were $796,000,000 above Octo-
b e r 1 0 ,
i nc r eases
of
$662,000,000 being shown
f o r t he New
York d i s t r i c t ,$66,000,000
f o r t h e Chicago d i s t r i c t , and $30,000,000 f o r t he S a n Fr an ci sc o d i s t r i c t , a n d d e -
c l i nes
of 25
,000,000 $15,000,000, re sp ec ti ve ly ,
f o r t h e
Cleveland
a n d
Minneapo-
l i s
d i s t r i c t s .
As
compared with December
31 , 19 26 ,
demand deposits increased
.?531,000,000, b u t t h e increase would have been much larger except f o r th e subs tant ia l
decrease
i n t h e
amount
of
f l o a t c a r r i e d
by
member banks, uncollected items having
d e -
c l ined b y $595,000,000 during t h e yea r. Time de po si ts show a n increase of
$306,000,000 since October
10 and of
$1,325,000,000 since December
31, 1926, the New
York d i s t r i c t showing
a n
increase
of
89
,000,000 since October
1 0 ,
Chicago $85,000£>00
San Fran cisc o $70,000,000, and Philadelphia $29,000,000, a n d t h e Cleve land d i s t r i c t
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ALL
MEMBER BAMS
-
CONDITION ON DECEMBER 31 AND OCTOBER 10, 1927
S t . 5678b
RESOURCES
State Banks
National
Banks
RESOURCES
December
31
October
10
December
31
October 10
Loans
a n d
d iscount s ( inc ludin g over draf t s)
U„ S. s e c u r i t i e s
Other bonds, stocks
a n d
s e c u r i t i e s
Totpi loans e n d investments
$9,482,758,000
1,232,730,000
2,233,464,000
$9, i i5 ,955,ooo
1,183,685,000
2,163,713,000
$14,835,603,000
2,7^4,827,000
4,149,498,000
$14,375,565,000
2,672,464,000
3,939,406,000
Loans
a n d
d iscount s ( inc ludin g over draf t s)
U„ S. s e c u r i t i e s
Other bonds, stocks
a n d
s e c u r i t i e s
Totpi loans e n d investments
12,9^8,952,000
12,463,353,000
21,729,928,000
20,987,435,000
Cash
i n
vaul t
Reserve with F. R. Banks
Items
^ i t h
Federal reserve "banks
i n
process
o f
c o l l e c t i o n
Due
from "banks
a n d
"bankers
"Exchanges
f o r
c learing house ,
a n d
checks
on
other banks
i n
same place
A l l
o ther resources
v
Total resources
163,299,000
1,005,212,000
263,992,000
560,274,000
726,881,000
1,070,973,000
164,943,000
905,944,000
237,835,000
493,204,000
687,920,000
1,003,228,000
360,071,000
1,509,253,000
520,399,000
1,649,557,000
781,537,000
1.597,812,000
374,194,000
1,413,792,000
502,036,000
1,584,237,000
876,876,000
1,460,721,000
Cash
i n
vaul t
Reserve with F. R. Banks
Items
^ i t h
Federal reserve "banks
i n
process
o f
c o l l e c t i o n
Due
from "banks
a n d
"bankers
"Exchanges
f o r
c learing house ,
a n d
checks
on
other banks
i n
same place
A l l
o ther resources
v
Total resources 16,739,583,000 15,956,427,000 28,148,557,000 27,199,291,000
LIABILITIES
Dema.nd deposits
Time deposits
U. S.
deposi t s
C e r t i f i e d
a n d
ca sh ie rs ' checks
Due to
"banks
a n d
"bankers
6,946,538,000
4,959,011,000
99,667,000
383,437,000
1,399,524,000
6,455,862,000
4,870,816,000
182,749,000
469,419,000
1,195,632,000
11,223,602,000
7,805,787,000
167,314,000
456,119,000
3,194,065,000
10,918,564,000
7,588,432,000
252,726,000
508,525,000
3,007,043,000
Total deposits
13,788,177,000
13,174,478,000
22,846,887,000
22,275,290,000
Bi l l s payable a n d rediscounts
Acceptances outstanding
Capi tal stock pai d
i n
Surplus fund
A l l
o t h e r l i a b i l i t i e s
182,093,000
354,433,000
810,071,000
810,537,000
794,272,000
211,885,000
304,300,000
806,124,000
777,151,000
682,489,000
481,382,000
389,358,000
1,527,709,000
1,313,483,000
1,589,738,000
316,330,000
297,411,000
1,498,584,000
1,272,174,000
1,539,502,000
3
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