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OFFICI L

CORRESPONDENCE

TO

THE FEDER L RESERVE BO RD

FEDER L RESERVE

BO RD

W SHINGTON

Novcrrit J r 12 ,

19215.

St,

4722.

SUBJECT: Concli

t ion

of li err.ber Ban}:cs

as

of

September 28, 192'1.

Dear Sir:

For your inforrration there is

enclosed

herewith

a

preliminary

statement

regarding

the

condition o:f l l wen.ber banks combined as of

September

28,

1925. The Board s

abstract

(No. 30)

showing the

detailed

:figures :for State b r ~ and

Trust

company members and the combined

:figures for

l l

member

banks

will

be

ready

fbr dis t r ibut ion in

the near future.

Enclosure

Very t ruly yours,

Walter L.

Eddy,

Secretary.

LETTER

TO .ALL

FEDERAL RESERVE

.AGENTS

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•

CONDITI00T OF MElvlBER B A I ~ S S

OF

Sl<_.Tr.f El/B.rm 28, 1925.

St,4722.

Loans and investrr.ents of a l l rr/3rr,ber b a n ~ > : : s 3.gein

reached

a new record to ta l

and :for tr..e f i r s t

time

on a ca l l date

a g g r G g a ~ 8 c l

ovar :50

1

CC:) ,000 ;000, the to ta l

o:f

$30,369,000,000

being $666,000,000 in

ez.ce3s

o:f

Jure

30 holdings.

Of

this

increase

only $55,000,000

was reportecl by beli{;s

in the

centra l

re sa

rve

ci

t ie e o:f

New York and Chicago, while

the

remainder was about e q _ u . : ~ l l ; y · eli vi cleo between banks

in

other reserve

c i t i e s

and

country

banks.

Loans and

discounts ,

including over

drafts

aggregated $21,450,373,000, an

increase

of 636

1

000,000 since June

30,

1925,

and

of

$1,630,000,000 eince

October 10, 1924.

Increas3s in th i s item since

June 30 were shown by al l Federal reserve d i s t r i c t s the principal

incrsases

being

as follows: New York, $134,000,000; Atlanta, $85.000,000; Boeton, $70,000,000;

Ph:iladelphia, $67,000,000; and

Chicago,

$63;000

1

000. Investments in U, S,

se

cur i t ies amounted

to

$3,785,436,000 or $17,000

1

000 less

than

the amount reported

on June 30,

and-.$109,000,000

less th )Jl on October

10,

1924. Holdings of' other

·bonds, stocks and

securi t ies

amounted

to

$5,133,273,000, a growth

of

$47,000,000

since

June

30

and

of' $397,000,000 during

the

y-ear.

Total deposits

aggregated $32,049,168,000,

a

decrease

o f

~ 7 1 , 0 0 0 , 0 0 0

since

June 30, but an increase o f $1,277,000,000 since October 10, 1924.

Increases

dur

ing the

year

in both demand and tune deposits ,

which

aggregated

$888,000,000

and

$870,000,000,

res 9ectively,

occurred in

a l l Federal reserve distriq,\fu, scf

f/Jw..:-i

00

cipal increases

.being

reported

£or the New York, Atlanta, Chicago/oistr icts . · B a n ~

deposits ,

however,

declined $612,000,000 during the year, decreases

occurring

in

a l l

d i s t r i c t s except Richmond

and

Atlanta, but being

most pronounce

a in the

New

York, Chicago

ana Kansas City dis t r ic t s Bank Cleposits in thG

Atlanta

dis t r i c t

went

up

from $144,000,000 to $244,000,000, or by $100,000,000. Governnent

Cle-

posi ts

:fell

of f $24,000,000 while the amount of'

cert i f ied

and cashiers• checks

outstanding increased

$1??,000,000.

Of

the

i n c r e ~ s e o f

$1,277,000,000

in

to ta l

deposi ts

since

October 10, 1924, the central reserve cit ies . o f New

York

and Chicago

account

~ o r

but

$10,000,000, while

other reserve

c i t i e s

report

an

increase

in

th i s

item

of

$396,000,000

and country

banks

o f $871)000,000. The

decrease in deposi ts

as

comparea with June 30

i s

due

primari ly

to charging

depositors ' accounts

with

the reduction

o f

$642,000,000 in items in process

of collect ion including exchanges

for clearing house

which

took

place between June 30 and Ser-terr:ber

28,

such

items

nonnally

baing

at

a high level

at

midyear, In

the

attacheo

table

are presented

figures

reflect ing

the concli t ion o:f state ban...{_ <md

t rust

company m e r r ~ b e r s and of

a l l member

banks on Septerr:ber 28, 1925.

Changes in the principal

resources

3.nd lhibil i t i- : ;s on

September

28, 1925

compared

with f igures for

June

30, 1925,

and

October

10; 1924.

Loans

and

discounts (including

overdra:fts)

United States

securi t ies

Other

·bonds, stocks and

securi t ies

Total loans ancl investments

Demano deposi ts ( including certif'iecl and

cashiers ' checks)

Time deposit a

Government

deposits

Due to banks and bankera

Acceptances

executed for customers

Bil ls payable <mcl rediscounts

I n c r e ~ s e +) or decrease (-)

on

Sept. 28, 1925,

since

June 30, 1925

October 10,1924

+ 636,ooo,ooo + 1,63o,ooo,ooo

. 17,000.000

109,000,000

+ 47,0001000 + 397,000,000

+ 666,000,000 + 1,918,000,000

..:.

418,000,000

86,000,000

102 '000

000

-

14o,ooo,ooo

18,000:000

159,000,000

1,043,000,000

870,000,000

24,000,000

612,000,000

68,000,000

445,000,000

*Demand d epo s i t s 1

ass

exchanges

$224,000,000.

and othar uncollected

itoms

increa.seo

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-  

RESOURCES

.AND

LIABILITIES OF STA .LE B.ANK

Aim

TBUST COMPANY

MEJ.V BERS

AND OF ALL I,mV:3l ;R B.ANKS ON SEPTEMBER 28, 1925

Loans

ano

Cliscounts

( inc ludir>.g

overdrafts)

U

s. securi t ies

Other bonos, stocks and

aecur

i t i e s

Total

loans

and investments

Cash

in

vau1

t

Reserve with

F. R. Banks

I terns with Fe c'leral Re serTe

Bmks

i l.

process of col lect ion

Due from bank-e anc l bankers

Exchanges for

clearing

house,

and

checks on other

banks

in s:;uva

place

All

other resources

Total

resources

Demand

deposits

Time

deposits

U.

S.

deposits

Cert if ied

and cashiers '

checKs

Total

deposits

(other

than bank)

Due

to

ban,;s and bankers

Bil ls

payable and

rediscounts

Acceptances

Capital

stock

paid in

Surplus

All other l i ~ i l i t i e s

All merriber

. State bank and

banks

It rus t cor ::pany rr.embers

21,

45o,

373

,ooo

8' 304,309,000

3,735,436,000

1,276,231,000

5,133,273,000

1,892,673,000

30,369,032,000

11,473 713 ,000

524,592,000

16

31131

,000

• 2 1 147 1 111 1000

322,735,000

647 4 3 ~ 0 0 0

190

'766 ,000

2,031,130,000

518,233,000

1,263,037,000 476,001,000

2,065,920,000 351,165,000

39,053,354,000

14,495,354,000

16,617,456,000

10,467,237 ,000

6 '194, 702,000

4,474,455,000

2731211,000

1051636,000

303,756,000

342,787,000

28,171,66o,ooo

11,117,530,000

3,877,503,000

l ,Oll ,272,000

876,662,000

314,493,000

425,327,000

204,912,000

2,0921909,000

718,700,000

1,760,076,ooo

635,301,000

1,849, 212,000

493,591,000

st . 4722.)