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Form FR-284 Board of Governors "al Reserve System A p r i l 1, 1940 STATEMENT FOR THE PRESS For immediate r e l e a s e Condition of Weekly Reporting Member Banks i n 101 Leading C i t i e s The c o n d i t i o n s t a t e n e n t of weekly r e p o r t i n g member banks i n 101 l e a d i n g c i t i e s shows t h e f o l l o w i n g p r i n c i p a l changes f o r t h e week ended ; torch 27: A d e c r e a s e of $129,000,000 i n h o l d i n g s of United S t a t e s Treasury b i l l s , and i n c r e a s e s of $35,000,000 i n h o l d i n g s of "Other s e c u r i t i e s " and $53,000,000 i n r e s e r v e b a l a n c e s w i t h F e d e r a l Reserve banks. Commercial, i n d u s t r i a l and a g r i c u l t u r a l l o a n s d e c l i n e d $5,000,000 i n New York C i t y , and i n c r e a s e d $8,000,000 i n t h e Chicago d i s t r i c t and 64,000,000 at a l l r e p o r t i n g member b a n k s . Loans t o b r o k e r s and d e a l e r s i n s e c u r i t i e s d e c l i n e d $18,000,000 i n New York C i t y . Holdings of United S t a t e s Treasury b i l l s d e c l i n e d $107,000,000 i n t h e Chicago d i s t r i c t , $15,000,000 in t h e S t . Louis d i s t r i c t , and $129,000,000 a t a l l r e p o r t i n g member b a n k s . Holdings o f Treasury n o t e s i n c r e a s e d $ 6 , 0 0 0 , 0 0 0 . Holdings of United S t a t e s Government bonds i n c r e a s e d $10,000,000 i n t n e Ricnnond d i s t r i c t and $12,000,000 a t a l l r e p o r t i n g member banks. Holdings of o b l i g a t i o n s guaranteed by t h e United S t a t e s Governnent i n c r e a s e d $15,000,000 i n Hex-: York City and $10,000,000 a t a l l r e p o r t i n g member banks. Holdings of "Other s e c u r i t i e s " i n creased $38,000,000 i n New York City and $35,000,000 a t a l l r e p o r t i n g member banks. Demand d e p o s i t s - a d j u s t e d d e c l i n e d $152,000,000 i n t h e Chicago d i s t r i c t , and i n c r e a s e d $129,000,000 i n New York C i t y , $16,000,000 i n t h e Cleveland d i s t r i c t $15,000,000 i n t h e P h i l a d e l p h i a d i s t r i c t and $25,000,000 a t a l l r e p o r t i n g member banks. Deposits c r e d i t e d t o domestic banks i n c r e a s e d $108,000,000 i n t h e Chicago d i s t r i c t , and d e c l i n e d $46,000,000 i n New York C i t y . All r e p o r t i n g member banks r e p o r t e d a n e t i n c r e a s e of $15,000,000. Deposits c r e d i t e d t o f o r e i g n banks d e c l i n e d $14,000,000 i n New York C i t y . A summary of 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 member bank, t o g e t h e r w i t h changes f o r t h e week and t h e year ended March 27, 1940, f o l l o w s : ( i n m i l l i o n s of d o l l a r s ) Tncrease or decrease since Mar. 29, 1939 2-3,322 Loans and Investments - t o t a l 8,596 Loans - t o t a l 4,383 Commercial, i n d u s t r i a l , and a g r i c u l t u r a l l o a n s Open market paper 335 609 Loans t o b r o k e r s and d e a l e r s i n s e c u r i t i e s 478 Other l o a n s f o r p u r c h a s i n g or c a r r y i n g s e c u r i t i e s 1,185 Real e s t a t e l o a n s 49 Loans t o banks 1,557 Other l o a n s 516 Treasury b i l l s 1,802. Treasury n o t e s 6,512 U, S. bonds 2,379 O b l i g a t i o n s g u a r a n t e e d by U. S. Gov't 3,517 Other s e c u r i t i e s +1,743 10,371 479 3,253 +2,856 Reserve with F e d e r a l Reserve banks Cash i n v a u l t Balances with domestic banks L I A B I L I T I E S Demand d e p o s i t s - a d j u s t e d Time d e p o s i t s U, S. Government d e p o s i t s Inter-bank deposits! Domestic banks Foreign banks Borrowings + + + + + + + 55 674 19,276 5,338 578 25 5 2 +3,285 + 121 51 8,299 735 1 15 16 +1,833 + 122 2 Form FR—284 STATEMENT FOR THE PRESS Board of Governors of t h e F e d e r a l Reserve System March 2 8 . 1940 For immediate r e l e a s e ASSETS AND LIABILITIES OF WEEKLY REPORTING MEMBER BANKS IN CENTRAL RESERVE CITIES ( i n m i l l i o n s of d o l l a r s ) New York C i t y Increase or decrease since Mar. 27, Mar. 2 0 , Mar. 29, 1940 1940 1939 Chicago Increase or decrease s ince Mar. 20, Mar . 29, 1940 1939 Mar. 27, 1940 A S S E T S + 14 Loans - t o t a l 2,946 - Commercial, i n d u s t r i a l , and a g r i c u l t u r a l loans Open market paper Loans t o b r o k e r s and d e a l e r s Other l o a n s f o r p u r c h a s i n g or c a r r y i n g s e c u r i t i e s Real e s t a t e l o a n s Loans t o banks Other l o a n s Treasury b i l l s Treasury n o t e s II, S. bonds O b l i g a t i o n s g u a r a n t e e d by U. S. G o v ' t Other s e c u r i t i e s Reserve w i t h F. R. banks Cash i n v a u l t Balances v d t h domestic banks Other a s s e t s - n e t 1,679 112 467 164 112 43 369 - - + — - 2,170 6 4" 6 4- + 82 560 5 3 18 + 319 6 144 3'-'6 IS 29 + 26 64 14 — — 2 - — — — 34 27 + + + 106 + 49 «•* - — 1 — 1 — 6 + 1 - - + 1 1,251 1,348 + + 38 15 + 197 162 140 34-3 + - 6,134. 79 138 352 + 10 + 4 4" 53 4* 1 +1,744 + 24 + 10 — 40 947 28 202 47 + 63 + 2 - 20 + 1 9,037 701 44- +129 + 1 +1,90?. + 72 67 1,503 501 85 -152 - 1 52.0 2.47 160 720 -107 + 4 - 5 8 8 23 3 3 4* — - - 19 — 4- 11 1 5 174 831 2,500 + 196 + 24 5 1 - +1,155 I 9,050 O U) Loans and I n v e s t m e n t s - t o t a l l 2 +124 52 456 - 31 18 44* 4- + 4— 239 4 48 3 L I A B I L I T I E S Demand d e p o s i t s - a d j u s t e d Time d e p o s i t s U. 8. G o v ' t d e p o s i t s Inter—bank d e p o s i t s : Domestic banks F o r e i g n banks Borrowings Other l i a b i l i t i e s CAPITAL ACCOUNTS 3,522 672 - - — 46 1.4 — + + 871 132 i! ! 1,031 | ^ — — + 95 — — 44- 23C 30 4- 2 4- 2 2 5 3 — —- 287 1,490 + 11 41 — + 27 10 ! i 18 249 + — 1 4- —' - mm 1 9 Form FR—284~*b A S S E T S Loans and I n v e s t m e n t s — t o t a l ASSETS AIJD LIABILITTSS OF T3EKLY REPORTING MEMBER BAHKS IK 101 LEADING CITIES Oil MARCH 27, 1940 ( I n m i l l i o n s of d o l l a r s ) Federal Reserve District Total Phila- ICleve- R i c h - A t l a n t a Chicago S t . Boston Louis a p o l i s | Cit^ delphiaj land mond York districts 23,322 8,596 Loans - t o t a l Commercial, i n d u s t r i a l , arid 4,383 a g r i c u l t u r a l loans 335 Open market paper 609 Loans t o b r o k e r s and d e a l e r s i n s e c u r i t i e s . t h e r loans f o r purchasing 478 or carrying s e c u r i t i e s 1 , 1 85 Real e s t a t e loans 49 Loans t o banks 1,557 Other loans 516 Treasury b i l l s 1,802 Treasury notes 6,512 U. S. bonds 2,379 O b l i g a t i o n s g u a r a n t e e d by U. S . G o v ' t 3,517 Other s e c u r i t i e s 10,371 Reserve w i t h F.R. bank 479 Cash i n v a u l t 3,253 B a l a n c e s r,dth domestic banks 1,278 Other a s s e t s — n e t L I A B I L I T I E S 19,276 Demand d e p o s i t s - a d j u s t e d 5,338 Time d e p o s i t s 578 U. S. G o v ' t d e p o s i t s Inter-bank deposits: 8,299 Domestic banks 735 F o r e i g n banks 1 Borrowings 758 Other l i a b i l i t i e s 3,718 CAPITAL ACCOUNTS 1,178 619 9,867 3,301 1,150 429 1,932 703 701 300 67 21 1,793 119 472 203 27 24 275 9 21 117 31 50 1 93 25 173 2 198 15 41 19 81 1 130 11 38 337 49 124 507 142 176 79 219 197 43 >-•' 58 184 858 2,692 1,325 1,497 6,297 98 268 524 — — 31 318 99 273 450 21 234 85 266 16 3 74 dan rancisco 636 306 3,286 919 717 329 408 192 687 301 531 270 2,229 961 162 4 6 546 37 35 191 11 5 102 4 1 178 22 4 178 2 4 338 "17 13 11 31 1 91 73 115 7 10 10 29 13 23 43 383 —• — —• 113 12 52 1 57 247 288 1,064 262 506 — — — — — ~ 68 58 50 167 29 32 150 71 106 1 32 117 22 44 19 42 92 50 58 1 57 710 183 317 133 12 289 29 381 22 332 237 6 157 657 125 284 153 164 52 66 1 38 113 74 104 570 46 331 97 176 23 236 38 132 15 224 47 1,253 64 527 80 180 13 210 2.2 100 7 112 16 17 66 98 67 138 192 16 314 24 1,211 237 14 9,714 1,078 68 954 263 53 1,329 746 47 494 201 34 412 190 44 2,356 959 135 480 190 17 -.292 119 3 53 4 145 24 472 137 31 1,028 1,073 108 329 22 1 22 246 3,615 673 434 5 458 1 311 1 303 1 1,339 9 354 423 — — 162 1 262 1 309 21 293 1,613 17 214 17 378 39 94 11 93 22 390 6 95 8 58 3 104 4 87 316 346 y
@FedFRASER