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Form FR-284 STATEMENT FOR THE PRESS For immediate r e l e a s e Board of Governors of the Federal Reserve System April 17, 1939 Condition of Weekly Reporting Member Banks i n 101 Leading C i t i e s The condition statement of weekly reporting member banks i n 101 leading c i t i e s shows the following p r i n c i p a l changes f o r the week ended April 12: A decrease of $42,000,000 i n loans to brokers and dealers i n s e c u r i t i e s and increases of $14,000,000 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 , $198,000,000 i n r e serve balances with Federal Reserve banks and $316,000,000 i n demand d e p o s i t s adjusted. 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 increased $14,000,000 i n New York City and at a l l reporting member banks* Loans t o brokers and dealers i n sec u r i t i e s decreased $38,000,000 i n New York City and $42,000,000 at a l l reporting member banks. Loans t o banks decreased $10,000,000 i n New York City. Holdings of Treasury b i l l s increased $43,000,000 i n Hew York City and $29,000,000 at a l l reporting member banks, and decreased $24,000,000 i n the Chicago d i s t r i c t . Holdings of Treasury notes increased $11,000,000 i n New York City, $10,000,000 i n the Chicago d i s t r i c t , and $13,000,000 at a l l reporting member banks. Holdings of United States Government bonds increased $54,000,000 i n New York City and $26,000,000 at a l l reporting member banks. Holdings of "Other secur i t i e s " increased $10,000,000 i n New York City, $7,000,000 i n the Chicago d i s t r i c t , and $30,000,000 at a l l reporting member banks. Demand deposit s^-ad justed increased i n nearly a l l d i s t r i c t s , the p r i n c i p a l i n creases being $141,000,000 i n the Chicago d i s t r i c t , $89,000,000 i n New York City and $17,000,000 i n the Cleveland d i s t r i c t , and the t o t a l increase being $316,000,000. Deposits credited t o domestic banks decreased $49,000,000 i n the Chicago d i s t r c t and $38,000,000 at a l l reporting member banks. Borrowings of weekly reporting member banks amounted to $1,000,000 on April 12. A summary of the 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 reporting member banks, together with changes f o r the week and the year ended April 12, 1939, follows: ASSETS Loans and Investments - t o t a l April 12, 1939 Increase or decrease since April 5, April 13, 1938 1939 + 21,691 + 57 Loans - t o t a l 8,120 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 3>852 Open market paper 303 Loans to brokers and dealers i n s e c u r i t i e s 685 Other loans f o r purchasing or carrying securities 539 Real e s t a t e loans 1,143 LOans to bonks 68 Other loans 1,530 ~ 44 + 14 - 4 - 42 Treasury b i l l s Treasury notes U. S. bonds Obligations guaranteed by U. 8. Gov't Other s e c u r i t i e s 342 2,008 5,863 2,038 3,320 + + + + + Reserve with Federal Reserve banks Cash i n v a u l t Balances with domestic banks 7,866 434 2,612 +198 + 22 - 3 + 2,053 + 92 + 561 16,388 5,212 629 +316 ~ 3 + 1,963 6,577 620 1 - 38 - 5 - 2 + 1,318 + 281 —» - 103 + + 253 + + 867 224 — — - 29) 13) 26) 3 30 447 394 112 52 3 35 28 + — - 11 - 1 897 — L I A B I L I T I E S Demand deposits—adjusted Time deposits U. S.Government deposits Inter-bank d e p o s i t s : Domestic banks Foreign banks Borrowings - + - 6 2 2 Form FR.-28.4-a STATEMENT FOR THE PRESS Board of Governors of the Federal Reserve System April 13, 1939 For immediate release k . ASSETS AND LIABILITIES OF WEEKLY REPORTING MEMBER BANKS IN CENTRAL RESERVE CITIES (in millions of d o l l a r s ) New York City Increase or April decrease since April April 5, April 13, 12, 12, 1938 1939 1939 1939 Chicago Increase or decrease since April 5, April 13,1938 1939 ASSETS Loans and Investments — t o t a l 7,997 + 78 Loans — t o t a l 2,783 45 1,386 114 541 + 14 — 5 - 38 196 110 55 381 + 1 1 — 10 — 6 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 to brokers and d e a l e r s Other loans 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 loans - 21 + 398 1,973 249 531 - 7 r- 252 32 + 101 358 15 28 - 4 3 8 20 35 69 13 — •• - — - 1 2 4* 49 62 — 43 10 1 + 1 1 — ~ 48 — 8 44 no 213 663 — 24) + 1) + l) 4- 37 5 10 4- 615 + 76 125 331 + 1 + 7 4+ 25 49 4,533 .57 79 389 + 30 4- 3 22 +1,642 + 4 + 13 91 800 26 211 50 + 76 + 3 + 17 4- 199 4* 6 4- 57 1 7,221 625 111 + 89 4 1 >1,213 — 31 — 111 1,475 472 831 +118 — — 4- 168 49 33 + 3 5 668 246 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 138 754 2,051 4* 43) + 11) + 54) 1,050 1,221 + Reserve with F. R. bank Cash i n vault Balances with domestic banks Other a s s e t s - net — — 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 deposits U. S. Gov't deposits Inter-bank deposits* Domestic banks Foreign banks Borrowings Other l i a b i l i t i e s CAPITAL ACCOUNTS 2,754 543 — • * — 318 1,483 4- 4 4- 3 4- 148 4 + — * + 745 - 42 1 1 - 1 20 1 1 6 + 1 258 - 1 4» 2 16 Form FR—284-*b ASSETS AND LIABILITIES OF _________________ Total All d i s t r i c t s Boston ASSETS Loans and Investments - t o t a l 21,691 1,159 Loans - t o t a l 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 brokers and dealers i n s e c u r i t i e s Other loans 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 loans WEEKLY REPORTING MEMBER BANKS IN 101 LEADING CITIES ON APRIL 12, 1939 (in millions of d o l l a r s ) District Reserve Federal San Minne- Kansas Dallas New P h i l a - Cleve- Rich- Atlanta Chicago S t . Francisco City Louis a p o l i s York delphia land mond 8,837 1,120 1,855 666 604 3,058 707 383 653 503 2,146 8,120 577 3,135 413 6 55 238 309 863 309 156 257 247 961 3,852 303 685 255 64 29 1,488 122 547 189 23 23 236 103 ' 10 3 172 3 6 508 28 33 184 3 5 79 3 1 153 19 4 164 1 3 321 19 11 539 1,143 68 1,530 23 81 32 52 1 93 26 169 1 195 17 34 79 99 3 113 12 50 4 51 7 7 1 58 14 20 50 381 71 13 28 1 86 10 24 123 256 198 55 469 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 342 2,008 5,863 2,038 3,320 138 3 812 70 330 2,262 46 1,111 133 1,379 ——* 8 Reserve with F. R. bank Cash i n v a u l t Balances with domestic banks Other a s s e t s — net 7,866 434 2,612 1,279 358 140 146 79 2 4,655 74 174 489 8 20 —— —— —— 47 45 179 3 114 160 151 52 65 33 109 60 85 110 355 1,000 252 478 27 54 156 62 99 9 37 116 17 48 5 84 116 56 135 30 47 77 48 54 630 411 43 288 106 I63 21 166 35 118 13 174 49 1,019 59 445 85 143 12 152 23 77 167 12 274 22 117 11 239 30 337 22 300 240 807 1,158 282 746 42 53 445 201 28 372 186 40 2,220 898 131 442 190 20 258 119 497 144 24 436 919 1,053 110 322 13 371 1 255 992 13 286 — 127 1 362 — 260 1 —r —— — —— —— — — — — —— 41 314 93 259 9 201 602 107 281 301 19 170 103 — 8 84 18 134 304 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 deposits U, S. Gov*t deposits Inter—bank depositsi Domestic banks Foreign banks Borrowings Other l i a b i l i t i e s CAPITAL ACCOUNTS 16,388 5,212 629 1,047 7,787 250 1,007 15 130 6,577 620 277 28 1 761 3,694 — 1 20 323 244 1,605 2,832 545 13 223 16 369 27 95 7 92 19 393 6 93 2 7 56 2 99 136 34 205 5 84 288 , 18 316 341
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