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Form FIH284 For immediate release STATEMENT FOR THE PRESS Board of Governors of the Federal Reserve System April 4, 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 March 30: A decrease of. $41,000,000 in loans to brokers and dealers in securities? a decrease of $98,000,000 in holdings of United States Government direct obligations, and an increase of #40,000,000 in holdings of "Other securities"; and a decrease of $102,000,000 in deposits credited to domestic banks* Commercial, industrial and agricultural loans declined $8,000,000 in New York City and $5,000,000 in the Boston district, and increased $12,000,000 in the Chicago district, all reporting member banks showing a net decrease of $7,000,000 for the week. Loans to brokers and dealers in securities declined $33#000,000 in New York City, $7,000,000 in the San Francisco district and $41,000,000 at all reporting member banks. Loans to banks increased $11,000,000 in New York City, Holdings of United States Government direct obligations declined $22,000,000 in New York City, $88,000,000 in the Chicago district and $98,000,000 at all reporting member banks, and increased $16,000,000 in the Richmond district. Holdings of obligations fully guaranteed by the United States Government declined $12,000,000 in the Chicago district and $10,000,000 at all reporting member banks. Holdings of "Other securities" increased $38,000,000 in New York City and $40,000,000 at all reporting member banks* Demand deposits—adjusted increased $134,000,000 in New York City, and declined $201,000,000 in the Chicago district and $18,000,000 in the Boston district, all reporting member banks showing a net reduction of $33,000,000 for the week* Time deposits declined $13,000,000, Government deposits declined $19,000,000 in New York City, and increased $11,000,000 in the San Francisco district and $7,000,000 in the St, Louis district. Deposits credited to domestic banks increased $36,000,000 in the Chicago district, and declined $88,000,000 in New York City and $50,000,000 at other reporting member banks, all reporting member banks showing a net decrease of $102,000,000 for the week* Borrowings of weekly reporting member banks amounted to $11,000,000 on March 30 (all in the Chicago district), compared with none the week before, A summary of the principal assets and liabilities of the reporting member banks, together with changes for the week and the vear ended March 30,1938, follows I (in millions of dollars) Increase or decrease since March Mar, 31. Mar, 23, 1937 1938 ASSETS -1,463 -102 tents 20,810 Loans and Investments - total total -595 8,771 -34 Loans — total Commercial, industrial, and agricultural loans: * +10 On securities 568 * -17 Otherwise secured and unsecured 3*731 * -4 Open market paper 418 -625 -4l Loans to brokers and dealers in securities 680 * Other loans for purchasing or carrying securities 605 -3 +2 -7 1,150 Real estate loans +15 +9 96 Loans to banks * 714 -1 Other loans: On securities * +11 Otherwise secured and unsecured 809 -618 -98 7,778 U. S, Government direct obligations -43 -10 • 1,156 Obligations fully guaranteed by U. S. Gov*t +40 -207 3,105 Other securities +582 —18 Reserve with Federal Reserve banks 5,755 -16 +14 Cash in vault 330 +19 1,898 —47 Balances with domestic banks LIABILITIES -852 14,268 Demand deposits-adjusted -33 +74 5,218 -13 Time deposits 696 -1 +343 U, S, Government deposits -102 -379 5,083 Interbank deposits: Domestic banks -98 +1 Foreign banks 355 +5 11 Borrowings ^Comparable figures not available. Form FH-284—a STATEMENT FOR THE PRESS Board of Governors of the Federal Reserve System March 31, 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 1 9 38 1 9 3 7 1 9 38 Mar. 31 Mar. 30|Mar. 23 Mar, 31 Mar. 301Mar. 23 ASSETS Loans and Investments - total 7,576 7,584 8,524 1,883 1,969 1,880 Loans - total 3,158 3,187 3,719 6l4 606 646 221 1,436 152 575 * * * 29 387 25 34 23 385 27 33 * 71 12 71 12 * * * Commercial,industrial, and agricultural loans: 220 On securities Otherwise secured and unsecured 1,429 150 Open market paper 542 Loans to brokers and dealers Other loans for purchasing or 205 carrying securities 119 Real estate loans 66 Loans to banks Other loans* 231 On securities 196 Otherwise secured & unsecured 1,092 208 118 55 * 231 191 * * 21 35 22 33 127 51 * * 53 15 4 U. S. Gov't obligations Obligations fully guaranteed by U. S. Gov't Other securities 2,829 2,851 3,171 896 980 864 434 1,155 429 1,117 456 1,178 91 282 101 282 95 275 Reserve with F. R. bank Cash in vault Balance with domestic banks Other assets - net 2,958 55 76 476 2,938 49 69 475 2,569 49 85 482 543 22 84 53 578 21 115 49 484 24 93 67 6,100 648 288 5,966 646 307 6,525 695 124 1,110 466 116 116 1,140 449 96 1,956 312 2,043 313 2,107 614 8 578 7 596 5 18 242 2 25 235 LIABILITIES Demand deposits - adjusted Time deposits U. S. Gov't deposits Inter-bank deposits* Domestic banks Foreign banks Borrowings Other liabilities Capital account 4l4 11 361 1,476 361 1,479 372 1,472 242 ^Comparable figures not available. Form FR—2S4wb ASSETS AND LIABILITIES OF WEEKLY REPORTING MEMBER BANKS IN 101 LEADING CITIES ON MARCH 30, 1938 (In millions of dollars) Total All Boston New York districts San Phila- Cleve- Richr Atlanta Chicago St. Minne- Kansas Dallas Francisco Cityapolis Louis delphia land mond ASSETS 20,810 1,185 8,432 1,095 1,773 621 Loans and Investments — total 705 244 630 3,569 446 8,771 Loans — total Commercial,industrial, and agricultural loansI 12 48 49 233 38 568 On securities 99 239 158 249 1,535 3,731 Otherwise secured & unsecured 12 l4 29 164 80 4l8 Open market paper 22 3 17 548 24 680 Loans to brokers and dealeis in securities Other loans for purchasing or 38 17 34 279 34 605 carrying securities 172 30 58 225 83 1,150 Real estate loans 3 2 2 66 5 96 Loans to banks Other loans: 28 124 49 261 57 714 On securities 4l 45 50 258 60 , 809 Otherwise secured and unsecured 278 751 304 399 3,055 7,778 U. S. Gov't obligations 40 61 87 485 19 1,156 Obligations fully guaranteed by U.S.Gov't 59 256 258 137 1,323 3,105 Other securities 132 349 239 288 3,087 5,755 Reserve with F. R. bank 18 16 37 70 63 330 Cash in vault 120 175 131 158 117 1,898 Balances with domestic banks 86 35 103 569 77 1,285 Other assets - net LIABILITIES 746 1,000 4oi 969 6,647 14,268 Demand deposits — adjusted 74o 199 282 265 1,056 5,218 Time deposits 18 13 23 296 12 696 U. S. Gov't deposits Inter-bank deposits* 307 195 266 208 2,024 5,083 Domestic banks 1 6 314 11 355 Foreign banks 11 Borrowings 25 21 18 25 373 827 Other liabilities 226 350 93 1,606 240 3,620 Capital account 553 285 2,909 941 656 305 380 161 642 255 489 231 2,075 999 12 144 4 50 521 9 67 17 l4l 18 4 10 137 2 2 42 302 35 38 48 139 10 4 15 28 2 84 87 7 13 47 6 8 12 21 1 l4 21 57 372 2 26 48 160 32 76 102 11 117 38 47 63 1,392 162 11 27 205 49 97 130 11 120 23 12 52 166 l4 39 71 83 17 13 28 228 46 113 166 13 210 22 11 34 175 33 50 106 11 173 26 75 103 665 128 283 339 21 232 204 326 182 23 1,818 876 402 184 23 244 121 7 471 145 18 393 130 26 851 1,038 92 194 1 807 9 233 120 1 323 170 236 12 6 22 367 8 90 8 56 3 93 5 81 313 329 6 89 44 4i4 746 53 262 85 145 11 6 1 6 6 11
@FedFRASER