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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