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Form FR-284 For immediate release STATEMENT FOR THE PRESS Board of Governors of the Federal Reserve System April 11, 1938 Condition of Weekly Reporting Member Banks in 101 Leading Cities The condition statement of weekly reporting member banks in 101 leading cities shows the following principal changes for the week ended April 6* Decreases of $24,000,000 in commercial, industrial and agricultural loans and $43,000,000 in loans to brokers and dealers in securities; an increase of $119,000,000 in holdings of United States Government direct obligations; a decrease of $68,000,000 in reserve balances with Federal Reserve banks and an increase of $31,000,000 in balances with domestic banks; a decrease of $66,000,000 in Government deposits and an increase of $112,000,000 in deposits credited to domestic banks* Commercial, industrial and agricultural loans declined $10,000,000 in the Chicago district, $6,000,000 in New York City and $24,000,000 at all reporting member banks. Loans to brokers and dealers in securities declined $39,000,000 in New York City and $43,000,000 at all reporting member banks* Holdings of United States Government direct obligations increased $96,000,000 in New York City, $57,000,000 in the Chicago district and $119,000,000 at all reporting member banks, and declined $12,000,000 in the Cleveland district and $10,000,000 in the Boston district* Holdings of obligations fully guaranteed by the United States Government increased $11,000,000 in the Chicago district and $12,000,000 at all reporting member banks* Holdings of "Other securities" decreased $13,000,000 in New York City and $16,000,000 at all reporting member banks* Increases in demand deposits-adjusted of $125,000,000 in the Chicago district and $14,000,000 in the Philadelphia district were largely offset by decreases of $87,000,000 in New York City and $11,000,000 each in the Cleveland and Kansas City district9,all reporting member banks showing a net increase of $6,000,000 for the week* Government deposits declined $63,000,000 in New York City and $66,000,000 at all reporting member banks* Deposits credited to domestic banks increased $62,000,000 in New York City, $15,000,000 in the Cleveland district and $14,000,000 in the Boston district, and declined $17,000,000 in the Chicago district, all reporting member banks showing a net increase of $112,000,000 for the week. Deposits credited to foreign banks~ declined $14,000,000 in New York City, Borrowings of weekly reporting member banks amounted to $4,000,000 on April 6, A summary of the principal assets and liabilities of the reporting member banks, together with changes for the week and the year ended April 6, 1938, follows* (In millions of dollar Increase or decrease since Mar# 30 April 7, 19TT ASSETS ' " Loans and Investments — total +21 20,831 -1,525 Loans - total 8,677 —94 —696 Commercial, industrial, and agricultural loans* * On securities -11 557 * Otherwise secured and unsecured 3,718 -13 # Open market paper 413 -5 Loans to brokers and dealers in securities —64l 637 -43 * Other loans for purchasing or carrying securities 596 -9 Real estate loans 1,147 -9 Ca&ba to banks %4 100 +22 * Other loans* On securities 705 -9 * Otherwise secured and unsecured 804 -5 U, S, Government direct obligations 7,897 +119 —623 Obligations fully guaranteed by U. S. Gov't 1,168 +12 -21 Other securities —16 3,089 -185 Reserve with Federal Reserve banks -68 5,687 +511 Cash in vault 325 -5 -13 Balances with domestic banks 1,929 +31 +5 L I A B I L I T IBS Demand deposits-adjusted 14,274 +6 -886 Time deposits 5,222 +78 U* 8. Government deposits 630 +277 Inter-bank depositsI Domestic banks +112** 5,192 -367 Foreign bank -19 336 -102 Borrowings 4 +2 -7 ^Comparable figures not available. **Mar, 30 figures revised. http://fraser.stlouisfed.org/ (Cleveland district) Federal Reserve Bank of St. Louis Form FR—284-a STATEMENT FOR THE PRESS Board of Governors of the Federal Reserve System April 7, 1938 For immediate release ASSETS AND LIABILITIES OF WEEKLY REPORTING MEMBER BANKS IN CENTRAL RESERVE CITIES (in millions of dollars) Chicago New York City 1 9 3 7 19 3 8 1 9 3 7 1 9 3 8 Apr. 6 Mar. 30 Apr. 7 Apr, 6 Mar. 30 Apr, 7 A S S E T S Loans and Investments - total 7,605 7,576 8,449 1,935 1,883 2 ,.022 Loans — total 3,103 3,158 3,715 6o4 6l4 643 220 1,429 150 542 * * * 24 * 25 31 29 387 25 34 70 12 71 12 * 22 35 21 35 * * Commercial,industrial, and agricultural loans: 217 On securities Otherwise secured and unsecure a 1^26 151 Open market paper 503 Loans to brokers and dealers Other leans for purchasing or 201 .carrying securities 118 Real estate loans 70 Loans to banks Other loansj 226 On securities 191 Otherwise secured & unsecured 1,081 205 119 66 * 231 196 * * 127 49 385 •Mr 45 15 4 U, S. Gov't obligations Obligations fully guaranteed by U, S. Gov't Other securities 2,925 2,829 3,148 950 896 i,oo4 435 1,142 434 1,155 448 1,138 101 280 91 282 95 280 Reserve •with F. R. bank Cash in vault Balance with domestic banks Other assets — net 2,817 51 66 480 2,958 55 76 476 2,485 50 75 493 562 21 106 50 543 22 84 53 507 26 136 67 6,342 673 124 1,236 1,110 *'649 225 6,100 648 288 466 116 1,3<S7 451 96 2,018 298 1,956 312 2,158 399 594 7 6l4 8 579 5 18 11 18 242 25 235 L I A B I L I T I E S Demand deposits - adjusted Time deposits Uv S, Gov't deposits Inter-bank deposits; Domestic banks Foreign banks Borrowings Other liabilities Capital account 335 1,481 361 1,476 383 1,473 461 116 242 ^Comparable figures not available. Form FR—284—b ASSETS AND LIABILITIES OF WEEKLY REPORTING MEMBER BANKS IN 101 LEADING CITIES ON APRIL 6, 1938 (in millions of dollars) ' • . Total All Boston xLLstricts A S S E T S Loans and Investments — total 20,831 Loans — total 8,677 Commercial, industrial, and agricultural loans* On securities 557 Otherwise secured & unsecured 3,718 Open market paper 413 Loans to brokers and dealers in securities 637 Other loans for purchasing or carrying securities *596 Real estate loans 1,147 Loans to banks 100 Other loanst On securities 705 Otherwise secured and unsecured 804 Ik 8, Gov't obligations 7,897 Obligations fully guaranteed by U»S»Gov't 1,168 Other securities 3 >089 Reserve with F. R. bank 5 >687 Cash in vault 325 Balances with domestic banks 1,929 Other assets - net 1,297 L I A B I L I T I E S Demand deposits-adjusted 14,274 Time deposits 5,222 U. S. Gov't deposits &30 Inter-bank deposits t Domestic banks 5,192 Foreign banks 336 Borrowings * Other liabilities Capital account 3,624 1,166 623 Federal Reserve New Phila- Cleve- Rich- Atlanta Chicago mond York delphia land 8,456 1,091 1,762 3,513 442 704 613 242 552 285 2,960 927 653 304 379 160 642 251 490 231 48 9 17 10 230 1,532 165 509 48 160 25 17 48 238 l4 23 12 98 12 3 12 143 4 6 44 517 43 36 4 274 224 70 34 58 2 37 171 5 17 30 1 15 28 2 83 87 7 56 60 389 19 135 301 69 127 76 256 253 3,149 486 1,308 2,942 67 143 589 48 50 303 86 260 251 17 140 84 123 45 739 61 258 362 36 179 103 28 4l 273 39 59 145 18 119 36 26 49 160 32 75 105 11 118 37 47 63 ,449 173 411 968 264 12 6,564 1,057 233 760 286 23 989 743 18 401 199 12 321 181 23 222 10 2,088 299 267 5 319 1 3 18 351 203 37 250 80 21 m # — — 23 240 Dj.strict San St. Minne- Kansas Dallas City Francisco Louis apolis — ~ 347 1,609 15 227 — — 202 1 — — — 24 92 — 6 89 138 10 66 6 138 18 137 12 8 12 21 15 13 27 10 5 1 47 5 11 12 6 768 27 204 49 96 131 286 82 123 23 82 16 241 871 l45 393 185 23 790 50 8 1 21 367 11 53 4 1 166 232 6 112 162 12 210 22 14 39 69 47 2 2 21 34 17533 51 107 10 170 26 2,067 995 42 301 34 10 57 372 2 75 102 658 129 285 344 18 232 203 121 460 145 7 18 130 845 1,040 91 242 120 329 172 238 11 8 6 3 93 82 5 311 90 389 25 1 56 328
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