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STATEMENT FOR THE PRESS For immediate r e l e a s e B~804 F e d e r a l Reserve Board A p r i l 22, 1935. CONDITION OF WEEKLY REPORTING MEMBER BANKS IN LEADING CITIES The F e d e r a l Reserve B o a r d ' s 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 91 l e a d i n g c i t i e s on A p r i l 17 shows i n c r e a s e s f o r the week of $306,000,000 in n e t demand d e p o s i t s , $20,000,000 i n time d e p o s i t s , $109,000,000 i n t o t a l loans and investments and $189,000,000 in r e s e r v e b a l a n c e s with F e d e r a l Reserve b a n k s . Loans on s e c u r i t i e s to b r o k e r s and d e a l e r s i n New York i n c r e a s e d $104,000,000 a t r e p o r t i n g member banks i n t h e New York d i s t r i c t and d e c l i n e d i n a l l of the o t h e r d i s t r i c t s , a l l r e p o r t i n g banks showing a n e t i n c r e a s e of $64,000,000 f o r the week; loans to b r o k e r s and d e a l e r s o u t s i d e New York d e c l i n e d $3,000,000; and loans on s e c u r i t i e s to o t h e r s d e c l i n e d $ 7 , 0 0 0 , 0 0 0 . Holdings of a c c e p t a n c e s and commerc i a l paper d e c l i n e d $6,000,000 a t r e p o r t i n g member banks i n the New York d i s t r i c t and $13,000,000 a t a l l r e p o r t i n g member banks; r e a l e s t a t e loans d e c l i n e d $2,000,000; a n d " o t h e r l o a n s " showed no n e t change f o r the week. Holdings of United S t a t e s Government d i r e c t o b l i g a t i o n s i n c r e a s e d $16,000,000 a t r e p o r t i n g member banks i n the Chicago d i s t r i c t , $15,000,000 i n t h e New York d i s t r i c t , $8,000,000 i n t h e Cleveland d i s t r i c t and $48,000,000 a t a l l r e p o r t i n g memb e r ' b a n k s ; h o l d i n g s of o b l i g a t i o n s f u l l y g u a r a n t e e d by t h e United S t a t e s Government showed l i t t l e change f o r the week; and h o l d i n g s of o t h e r s e c u r i t i e s i n c r e a s e d $11,000,000 i n the New York d i s t r i c t , $7,000,000 i n the San F r a n c i s c o d i s t r i c t and $23,000,000 a t a l l r e p o r t i n g member b a n k s . Licensed member banks f o r m e r l y included i n the c o n d i t i o n s t a t e m e n t of member banks i n 101 l e a d i n g c i t i e s , but n o t now i n c l u d e d i n the weekly s t a t e m e n t , had t o t a l loans and investments of $1,248,000,000 and n e t demand, time and Government d e p o s i t s of $1,459,000,000 on A p r i l 17, compared w i t h $1,250,000,000 and $1,427,000,000, r e s p e c t i v e l y , on A p r i l 10. 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 the r e p o r t i n g member banks, in 91 l e a d i n g c i t i e s , t h a t a r e now included in the s t a t e m e n t , t o g e t h e r with changes f o r t h e week and t h e y e a r ended A p r i l 17, 1935> 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 ) Apr. 17. 1935 I n c r e a s e or d e c r e a s e s i n c e Apr. 10.1935 Apr. 18. 1934 18.644 +109 +1,131 Loans on s e c u r i t i e s - t o t a l To b r o k e r s and d e a l e r s : In New York Outside New York To o t h e r s 3.023 +54 -557 796 162 2,065 +64 -3 -7 -rll9 -6 -432 Acceptances and commercial p a p e r bought Loans on r e a l e s t a t e Other loans 412 964 3»233 -13) -2) U. S. Government d i r e c t o b l i g a t i o n s 7,371 O b l i g a t i o n s f u l l y g u a r a n t e e d by U.S.Govt,• 715 Other s e c u r i t i e s 2,926 +48 -1) +23) Loans and i n v e s t m e n t s - t o t a l Reserve with F . R, baaks Cash i n v a u l t Net demand d e p o s i t s Time d e p o s i t s Government d e p o s i t s Due from banks Due to banks Borrowings from F , R. banks - -14 ) +1,14-5 +557 3,345 282 +189 -7 +647 +42 14,530 4,494 1,014 +306 +20 -2 +2,330 +51 -223 1,784 4,418 +91 +184 +199 +773 +1 -5 F e d e r a l Reserve Board A p r i l IS, 1935• For immediate r e l e a s e CONDITION 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 ) Apr. 17 1935 Apr. 10 1935 Apr. IS 193% NEW YORK Loans and investments - t o t a l 7,7^1 7,635 7,238 Loans on s e c u r i t i e s - t o t a l To "brokers and d e a l e r s : In New York Outside New York To o t h e r s 1,519 1.408 1.723 692 54 773 578 779 48 896 Acceptances and commercial p a p e r bought Loans on r e a l e s t a t e Other loans 212 130 1,230 218) 130) 1,235) U. S . Government d i r e c t o b l i g a t i o n s O b l i g a t i o n s f u l l y g u a r a n t e e d by U.S.Govt. Other s e c u r i t i e s 3,319 272 1,059 3,310 275) 1,059) 2,742 Reserve with F . R. bank Cash i n v a u l t 1,631 50 1,576 52 1,236 37 Net demand d e p o s i t s Time d e p o s i t s Government d e p o s i t s 7,100 625 527 6,965 629 527 5.971 690 679 Due from banks Due to banks 68 1,960 64 1,829 84 1,578 Borrowings from F . R. bank —— $ 1,601 1,172 —- CHICAGO Loans and investments - t o t a l 1,572 1.564 1,399 Loans on s e c u r i t i e s - t o t a l To b r o k e r s and d e a l e r s : In New York Outside New York To o t h e r s 221 231 288 17 28 176 27 27 177 224 Acceptances and commercial p a p e r bought Loans on r e a l e s t a t e Other l o a n s 42 17 240 44) 17) 240) U. S . Government d i r e c t o b l i g a t i o n s O b l i g a t i o n s f u l l y g u a r a n t e e d by U.S.Govt. Other s e c u r i t i e s 74l 78 233 231) 293 Reserve with F . R. bank Cash i n v a u l t 468 34 391 35 405 4l 1,470 408 4i 1,403 387 41 1,265 347 41 184 488 171 47s 169 375 Net demand d e p o s i t s Time d e p o s i t s Government d e p o s i t s Due from banks Due to banks $ 306 512 Borrowings from F . R. bank (B-S04a) For immediate r e l e a s e PRINCIPAL ASSETS AND LIABILITIES OF WEEKLY REPORTING MEMBER BASKS III LEADING CITIES, BY DISTRICTS, OH APRIL 17, 1935 ( I n m i l l i o n s of d o l l a r s ) New Boston To t a l Loans and investments — t o t a l Loans on s e c u r i t i e s - t o t a l To b r o k e r s and d e a l e r s : In New York O u t s i d e Hew York To o t h e r s York Philadelphia Federal Cleve- Richland mond Reserve i St, A t l a n t a Chicago j 1,078 1,185 362 355 1,959 557 3b.5 59" 433 1.952 3,023 203 1,709 195 171 54 50 258 61 33 49 45 195 796 162 2,065 16 28 159 '$ 18 iE 1 7 163 4 1 49 3 l 4 56 1 44 18 30 210 2 31 2 1 42 15 12 168 412 214 247 1,375 25 71 166 2 73 139 8 16 79 2 12 127 53 31 315 10 36 106 24 111 20 346 314 936 101 6 219 3 152 10 55 258 23 118 170 g 654 70 353 6 524 44 77 9 58 5 105 11 69 9 167 17 235 139 8 211 130 30 1,740 555 58 403 167 22 270 129 5 507 163 21 326 123 52 781 969 83 86 102 80 89 291 602 100 ISO 87 120 207 285 145 134 202 210 - - " —— 7,371 715 2,926 366 12 I67 3,526 308 1,254 295 56 270 589 25 186 126 22 57 95 19 50 921 103 27S Reserve w i t h F . R. banks Cash i n v a u l t 3,3%5 282 239 75 1,710 62 150 14 165 19 51 11 30 14,530 4,494 i,oi4 978 314 71 7,593 557 753 313 62 733 452 45 1,784 4,4is 109 216 156 2,023 179 261 142 196 l l q64 l,o4o —— — 6 ui 23 13 107 U. S . Government d i r e c t o b l i g a t i o n s O b l i g a t i o n s f u l l y guaranteed by U.S.Govt, Other s e c u r i t i e s eapn'j.i •; 8,633 3,233 Borrowings from F . R. banks San jDallas Francisco 1 1.176 46 89 293 Due from banks Due to banks Mi I S . 644 Acceptances and commercial p a p e r bought Loans on r e a l e s t a t e Other l o a n s Net demand d e p o s i t s Time d e p o s i t s Government d e p o s i t s 4 JOijatric ; —~ — - — —
@FedFRASER