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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 Federal Reserve System A p r i l 8, 1940 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 leading 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 the week ended A p r i l 3 : An i n crease of $31,000,000 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 , a decrease of $79,000,000 i n h o l d i n g s of "Other s e c u r i t i e s " , i n c r e a s e s of $66,000,000 i n r e serve b a l a n c e s with Federal Reserve banks and $125,000,000 i n d e p o s i t s c r e d i t e d t o domestic banks, and a decrease of $101,000,000 i n demand d e p o s i t s - a d j u s t e d . 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 i n c r e a s e d $14,000,000 i n i<ow York City, $7,000,000 i n the Chicago d i s t r i c t , $ 6 , 0 0 0 , 0 0 0 i n t h e San Francisco d i s t r i c t , and $31,000,000 a t a}.l r e p o r t i n g member banks. Loans t o brokers end d e a l e r s i n s e c u r i t i e s i n c r e a s e d $14,000,000 i n Hew York City and $16,000,000 a t a l l r e p o r t ing member banks. Holdings of United S t a t e s Treasury b i l l s decreased $16,000,000 i n t h e Chicago d i s t r i c t and $7,000,000 a t a l l r e p o r t i n g member banks. Holdings of Treasury n o t e s i n c r e a s e d $36,000,000 i n Hew York City and $19,000,000 at a l l r e p o r t i n g member banks, and decreased $14,000,000 i n the Richmond d i s t r i c t . Holdings of "Other s e c u r i t i e s " decreased $83,000,000 i n New York City and $79,000,000 at a l l r e p o r t i n g member banks. Demand deposits—adjusted decreased $75,000,000 i n the Hew York d i s t r i c t o u t s i d e Hew York C i t y , $28,000,000 i n the Chicago d i s t r i c t , $16,000,000 i n t h e Kansas City d i s t r i c t and $101,000,000 at a l l r e p o r t i n g member banks, and increased $34,000,000 i n t h e P h i l a d e l p h i a d i s t r i c t and $17,000,000 i n Hew York City. Time d e p o s i t s i n c r e a s e d $9,000,000 i n Hew York City and $17,000,000 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 $55,000,000 i n Hew York City, $17,000,000 i n t h e Boston d i s t r i c t , $9,000,000 in t h e Richmond d i s t r i c t , and $125,000,000 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 decreased $8,000,000 i n New York C i t y . A summary of t h e p r i n c i p t 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 bank; together with changes f o r the week and t h e year ended April 3, 1940, f o l l o w s : (In m i l l i o n s of d o l l a r s ) Increase or decrease since April April 5, March 27, 3, 1940 1939 1940 ASSETS +1,681 Loans and Investments - t o t a l - 14* 23,315 + 485 + 46* Loans - t o t a l 8,649 + 576 + 31 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 4,414 + 2 Open market paper + 30 337 + 16 - 102 Loans t o brokers and d e a l e r s i n s e c u r i t i e s 625 - 2 Other l o a n s f o r purchasing or c a r r y i n g s e c u r i t i e s 476 63 + 4-2 Real e s t a t e loans - 7* 1,185 28 + 2 Loans t o banks 51 + 30 Other l o a n s 4* A 1,561 + 196 - 7 Treasury b i l l s 509 - 174 + 19 1,821 Treasury n o t e s + 6 + 681 U.S. bonds 6,518 + 1 + 345 O b l i g a t i o n s guaranteeed by U.S. Gov't 2,380 + 148 Other s e c u r i t i e s . - 79 3,438 + 66 +2,769 Reserve with Federal Reserve banks 10,437 + 40 - 2.7 Cash i n v a u l t 452 + 684 + 46 Balances with domestic banks 3,299 L I A B I L I T I E S -101 +3,103 Demand d e p o s i t s - a d j u s t e d 19,175 + 140 + 17 Time d e p o s i t s 5,355 + 2 — 4-9 580 U. S. Government d e p o s i t s Inter-bank deposits I +1,809 +125 8,424 Domestic banks + 101 726 Foreign banks — 9 — — 2 Borrowings 1 *Mar. 27 f i g u r e s r e v i s e d . (Hew York d i s t r i c t ) Form FR—284 STATEMENT FOR THE PRESS Board of Governors of the Federal Reserve System April 4, 1940 For immediate r e l e a s e ASSETS AND LIABILITIES OF WEEKLY REPORTING MEMBER BANKS IN CENTRAL RESERVE CITIES (in m i l l i o n s of d o l l a r s ) New York City Increase or Apr. decrease since Mar. 27, j Apr. 5, 3, 1940 I 1939 1940 Chic I n c r e a s e or decrease since Mar. 27, Apr, 5, 1940 1939 Apr. 3, 1940 ASSETS 2,153 17 + 159 Loans and Investments - t o t a l 9,025 Loans - t o t a l 2,976 + 23* + 148 56 5 4- 5 + 27 1,693 112 481 + 14 + 321 7 98 389 18 30 + + + 27 2 33 7 21 21 64 14 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 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 162 118 44 366 - 32* +1,106 — — + 14 — + - 2 1* 1 3 — - - + - 81 124 503 231 160 717 + + 196 54 136 344 176 367 2,500 + 2 + 36 1,241 1,265 - 10 - 83 Reserve izLth. F. R. banks Cash i n v a u l t Balances with domestic banks Other a s s e t s - n e t 6,201 76 131 3 08 +1,698 + 67 + 22 - 3 + - 7 30 1 + 43* — — 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-banlc 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 9,054 710 43 + 17 + 9 + 2 +1,922 + 81 66 3,577 664 + 55 - 8 + + —" —* 276 1,4-94 — 50 — 826 116 i i 913 27 240 I1 "7 1 j 1 1,482 ! 502 t 85 i 1,036 7 3 . __ + 1 * ~- • — 1 4" 16 ~ — 5 1 — — + 2 — + - — + 3 + 4 1 + 4- 97 52 55 12 20 34 1 + 38 + 189 21 4* 1 + 125 — — - 5 4* - U + /6 3 30 2 4- 4- - 1 2 17 - 11 38 + 251 + + 4 14 *Karch 27 f i g u r e s r e v i s e d . — + 4- - —. - — + . ~ + + + 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 — — — 249 5 — 4- — — 2 8 Form FR—284—b ASSETS AND LIABILITIES OF WEEKLY REPORTING MEMBER BANKS IN 101 LEADlIIG CITIES ON APRIL 3, 1940 (In m i l l i o n s of d o l l a r s ) Federal Reserve D i s t r i c t Total San Hew P h i l a - Cleve- Rich- Atlanta Chicago S t , !Minne- lYansas Dallas All Francisco Louis | a p o l i s } City delphia land mond d i s t r i c t s Boston) York ASSETS Loans and Investments - t o t a l 23,315 8,649 Loans - t o t a l Commercial, i n d u s t r i a l , and 4,414 a g r i c u l t u r a l loans Open market paper 337 625 Loans t o brokers and d e a l e r s i n s e c u r i t i e s Other l o a n s f o r purchasing 476 or carrying s e c u r i t i e s 1,185 Real e s t a t e loans 51 Loans t o banks 1,561 Other l o a n s 509 Treasury b i l l s 1,821 Treasury notes 6,518 U. S. bonds 2,380 O b l i g a t i o n s guaranteed by U. S. Gov't 3,438 Other s e c u r i t i e s 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 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 depositss Domestic banks Foreign banks Borrowings Other l i a b i l i t i e s CAPITAL ACCOUNTS 303 531 269 2,240 965 102 4 1 180 22 4 177 2 5 344 17 12 7 10 10 .29 13 22 43 382 1,148 1,935 704 431 682 268 634 306 3,280 928 719 330 409 193 60S 205 27 25 275 9 21 119 15 3 160 4 6 553 39 35 191 11 5 31 49 1 93 25 172 2 200 15 41 10 74 114 13 52 1 57 1,192 621 9,857 3,331 300 "68 22 1,808 119 486 19 81 1 130 1.4 38 34 5 49 125 216 203 44 455 186 903 2,708 1,317 1,412 31 313 99 274 12 157 653 126 283 10,437 452 3,299 1,215 494 141 185 79 6,366 93 267 468 494 19 233 84 19,175 5,355 580 1,204 237 14 8,424 726 1 725 3,732 346 21 1 21 247 139 156 52 67 2 94 1 35 113 74 105 113 231 289 1,058 266 508 30 32 151 70 106 573 44 328 98 178 20 264 37 137 13 227 48 1,225 59 549 80 9,656 1,088 70 988 1,323 746 26 5 47 53 491 201 34 409 190 45 3,674 666 437 5 466 1 320 281 1,616 15 215 16 379 38 97 — — — 75 — — —. — — — —» 167 1 32 116 22 45 58 16 66 99 67 137 50 18 42 93 50 59 171 11 2l6 22 101 6 113 16 187 15 306 23 132 11 289 29 379 20 322 231 2,328 960 135 470 191 17 294 118 3 518 146 24 470 136 31 1,024 1,077 107 310 1 1,347 9 360 164 1 424 2.63 1 313 21 11 93 21 393 5 96 6 59 3 104 4 87 304 346 69 — — 57 713 188 317
@FedFRASER