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Form FR-284 STATEMENT FOR THE PRESS For immediate r e l e a s e Board of Governors of t h e F e d e r a l Reserve System April 10, 1939 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 statement 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 A p r i l 5i A decrease of $37 >000,000 i n l o a n s t o brokers and d e a l e r s i n s e c u r i t i e s and i n c r e a s e s of $24,000,000 i n 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 , $153,000,000 i n r e serve balances with Federal Reserve banks, $81,000,000 i n demand d e p o s i t s - a d j u s t e d and $149,000,000 i n d e p o s i t s c r e d i t e d to domestic 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 loans i n c r e a s e d $12,000,000 i n New York City and $24,000,000 at a l l r e p o r t i n g member banks. Loans t o brokers and d e a l e r s i n s e c u r i t i e s decreased $32,000,000 i n New York City and $37,000,000 at a l l r e p o r t ing member banks. Loans t o banks decreased $12,000,000 i n New York City, Holdings of Treasury b i l l s increased $27,000,000 i n New York City, $11,000,000 i n t h e Chicago d i s t r i c t , and $27,000,000 at a l l r e p o r t i n g member banks. Holdings of United S t a t e s Government bonds increased $26,000,000 i n the Boston d i s t r i c t , $17,000,000 i n New York City and $24,000,000 at a l l r e p o r t i n g member banks, and decreased $14,000,000 i n t h e Richmond d i s t r i c t . Holdings of o b l i g a t i o n s guaranteed by the United S t a t e s Government increased $15,000,000 i n t h e Chicago d i s t r i c t and $ 9,000,000 at a l l r e p o r t i n g member banks, and decreased $9,000,000 i n New York Gity. Holdings of "Other s e c u r i t i e s " i n c r e a s ed $25,000,000 i n New York C i t y . Demand deposits—adjusted i n c r e a s e d $74,000,000 i n t h e Chicago d i s t r i c t , $21,000,000 i n t h e Boston d i s t r i c t and $81,000,000 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 $100,000,000 i n New York City and $149,000,000 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 f o r e i g n banks increased $8,000,000 i n New York City, Borrowings of weekly r e p o r t i n g member banks amounted t o $3,000,000 on April 5# 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 banks, t o g e t h e r with changes f o r t h e week and t h e year ended A p r i l 5, 1939, follows i ( i n m i l l i o n s of d o l l a r s ) I n c r e a s e or decrease since April April 6, March 29, 5, 1938 1939 1939 ASSETS + Loans and Investments - t o t a l 803 + 55 21,634 Loans — t o t a l 8,164 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 3,838 Open market paper 307 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 727 Other loans f o r purchasing or carrying s e c u r i t i e s 539 Real e s t a t e loons 1,143 Loans t o banks 79 Other loans 1,531 + + + + - 27 24 2 37 8 3* 15 12* Treasury b i l l s Treasury notes U, S. bonds O b l i g a t i o n s guaranteed by U. S. Gov't Other s e c u r i t i e s 313 1,995 5,837 2,035 3,290 + 27) - 2) + 24) + 9 + 24 Reserve with F e d e r a l Reserve banks Cash i n v a u l t Balances with domestic banks 7,668 412 2,615 +153 - 12 + 36 + 1,981 + 87 + 686 16,072 5,215 629 + 81 - 2 + 1,798 6,615 625 3 +149 + 12 + 513 437 106 90 57 4 21 22 + 248 + + 867 201 — — — 4 - — - 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 - — 7 1 + 1,423 + 289 — *March 29 f i g u r e s r e v i s e d (New York d i s t r i c t ) 1 ' •' Form FR—284r*a ST ATS®IT FCE THE PRESS Board of Governors of the Federal Reserve System A p r i l 6 , 1939 For immediate r e l e a s e ASSETS AID LIABILITIES OF WEEKLY REPORTING MEMBER BANKS HI CENTRAL RESERVE CITIES ( i n m i l l i o n s of d o l l a r s ) New York Citv Increase or Apr. decrease since Mar. 29, Apr. 6 , 5, 1938 1939 1939 Apr. 5, 1939 Chicago Increase or decrease since Mar. 29, Apr. 6 , 1938 1939 ASSETS Loans and Investments - t o t a l 7,919 + 24 Loans — t o t a l 2,828 - 1,372 119 579 + 12 + 1 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 purchasing or carrying s e c u r i t i e s Real e s t a t e loans Loans t o banks Other l o a n s 195 111 65 387 + 36 -• + 32 — 5 1* 12 9* + - — — Treasury b i l l s Treasury notes U. S, bonds Obligations guaranteed by U. S. Gov't Other s e c u r i t i e s 95 743 1,997 + 17) 1,0-45 1,211 + 2.5 Reserve tvith F# R. bank Cash i n v a u l t Balances r a t h domestic banks Other a s s e t s — n e t 4,503 54 101 389 +113 1 27 — 3 7,132 629 112 3 + 2,751 548 + 1,994 275 538 - 3 271 32 76 362 16 30 + 1 1 2 6 7 5 30 69 13 — — + 27) - — 90 ) 9 134 212 662 + 1,686 3 35 91 724 23 194 50 + 1,119 — 20 -• 113 1,357 472 83 + — 59 - 66 47 9 1 - 1 - 48 124 324 + - + 1 1 — —~ 4- —- — 9 + 58 + 23 44- —* 610 69 + + 20 + 314 11) + - ) 2) - + — + — + 15 1 16 1 40 + 162 2 4* 88 + + —— — L I A B I L I T I E S Demand deposits—adjusted Time d e p o s i t s U. S. GovH d e p o s i t s Inter—bank d e p o s i t s i Domestic banks Foreign banks Borrowings Other l i a b i l i t i e s CAPITAL ACCOUNTS 1 +100 8 + + 787 12 — - + »i' » — T 1 314 1,480 733 250 • 92 1 — 19 2 4* 121 + 11 33 + 4" —— ——— 21 1 15 259 + *11 arch 29 f i g u r e s revised* 193 5 2 1 — + 3 17 Form FR—284r-b ASSETS AND LIABILITIES OF WEEKLY REPORTING MEMBER BANKS IN 101 LEADING CITIES ON APRIL 5 , 1939 ( i n m i l l i o n s of d o l l a r s ) District Reserve Federal Total San S t , Minne- Kansas RichCleveP h i l a New . All Dallas Francisco Atlanta Chicago Louis a p o l i s Boston York d e l p h i a land Citymond districts ASSETS Loans and Investments - t o t a l 21,634 1,154 8,761 1,130 1,850 668 6o4 3,081 716 369 654 503 2,144 8,164 573 3,180 411 652 236 307 872 308 155 258 248 964 3,838 307 727 254 63 29 1,473 127 585 187 22 23 234 8 20 102 10 3 171 3 6 513 29 36 184 3 5 79 3 1 153 19 5 164 1 3 324 19 11 539 1,143 79 1,531 23 81 3 120 255 199 65 476 32 52 1 94 26 169 1 194 17 34 13 28 1 85 80 99 3 112 12 49 4 51 7 7 10 24 14 20 58 47 46 50 381 1 178 Treasury b i l l s Treasury n o t e s U. S. bonds O b l i g a t i o n s guaranteed by U, S . Gov't Other s e c u r i t i e s 313 1,995 5,837 2,035 3,290 3 70 331 46 131 95 801 2,210 1,107 1,368 41 324 93 261 9 202 599 107 281 163 153 52 64 8 33 111 61 84 134 345 1,008 251 471 26 57 163 63 99 2 37 115 17 43 5 84 116 57 134 28 47 78 48 54 3 115 629 133 300 Reserve with F . R. bank Cash i n v a u l t Balances with domestic banks Other a s s e t s — n e t 7,668 412 2,615 1,270 337 139 154 79 4,628 71 194 487 283 18 171 103 398 42 288 106 I61 19 163 35 114 12 169 49 938 53 418 84 129 11 154 23 75 6 109 17 165 11 265 22 113 10 236 29 327 20 294 236 16,072 5,215 629 1,040 250 15 7,699 1,011 131 800 282 53 1,141 746 42 437 200 28 363 185 40 2,079 898 131 436 190 20 261 119 2 482 144 23 428 137 34 906 1,053 110 6,615 625 268 25 2,829 550 322 13 370 1 257 1 260 1 1,041 13 287 131 1 366 203 1 281 19 3 752 3,688 1 20 244 319 1,602 13 222 15 369 28 95 7 92 19 393 6 56 3 99 5 83 311 341 Loans — t o t a l Commercial, i n d u s t r i a l , and agricultural loans Open market paper 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 Other loans f o r purchasing o r carrying s e c u r i t i e s Real e s t a t e loans Loans t o banks Other l o a n s — 70 - - , — L I A B I L I T I E S Demand deposits—adjusted Time d e p o s i t s U. S . Gov't d e p o s i t s Inter-bank deposits* Domestic banks Foreign banks Borrowings Other l i a b i l i t i e s CAPITAL ACCOUNTS 2 6 92
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