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STATEMENT FOR THE PRESS For immediate r e l e a s e B-804 Federal Reserve Board August 12, 1935* CONDITION OF WEEKLY REPORTING MEMBER BANKS IH LEADI1TG CITIES The Federal Reserve Board's condition statement of weekly r e p o r t i n g member banks in 91 leading c i t i e s on August 7 shows decreases f o r the week of $16,000,000 in t o t a l loans and investments and $62,000,000 i n net demand d e p o s i t s , and an i n crease of $22,000,000 i n time d e p o s i t s . Loans on s e c u r i t i e s to brokers and d e a l e r s i n Hew York increased $17,000,000 in the Hew York d i s t r i c t and a t a l l r e p o r t i n g member banks; loans to brokers and d e a l e r s o u t s i d e Hew York showed no net change f o r the week; and loans on s e c u r i t i e s to others declined $3,000,000. Holdings of acceptances and commercial paper bought in open market increased $7,000,000; r e a l e s t a t e loans showed l i t t l e change f o r the waek; and "other loans" increased $8,000,000 in 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, and declined $7,000,000 in the Cleveland district. 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 declined $67,000,000 in the Hew York d i s t r i c t , $7,000,000 in the San Francisco d i s t r i c t and $79,000,000 a t a l l r e p o r t i n g member banks, and increased $19,000,000 in the Cleveland d i s t r i c t . Holdings of o b l i g a t i o n s f u l l y guaranteed by the United S t a t e s Government increased $11,000,000 in the Hew York d i s t r i c t , $6,000,000 in the P h i l a d e l p h i a d i s t r i c t and $20,000,000 a t a l l r e p o r t i n g member banks. Holdings of other s e c u r i t i e s increased $7,000,000 in the Chicago d i s t r i c t and $9,000,000 a t a l l r e p o r t i n g member banks. Licensed member banks formerly included in the condition statement of member banks i n 101 leading c i t i e s , but not now included in the weekly statement, had t o t a l loans and investments of $1,272,000,000 and net demand, time and Government deposits of $1,515•000,000 on August 7# compared with $1,302,000,000 and $1,524,000,000, r e s p e c t i v e l y , on July 31# 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 the r e p o r t i n g member banks, in 91 leading c i t i e s , t h a t are now included in the statement, together with changes f o r the week and the year ended August 7» 1935» follows: (In m i l l i o n s of d o l l a r s ) Loans and investments - t o t a l 7, 1935 18.491 Increase or decrease since J u l y 31.1915 Awe. 8.1914 =16 +814 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 Mew York Outside Hew York To o t h e r s 2.981 ±14 =122. 842 163 1,976 +17 +84 -3 -408 Acceptances and commercial paper bought Loans on r e a l e s t a t e Other loans 298 9% 3,133 --7I +13) -143 U. S. Government d i r e c t o b l i g a t i o n s Obligations f u l l y guaranteed by U.S.Govt, Other s e c u r i t i e s 7*301 §12 2,917 -79 +20) .+9) +665 Reserve with F . R. banks Cash in v a u l t 3,857 295 +1 -6 +809 .+59 15*455 4,420 516 -62 +22 +3 +2,734 -71 -780 1,832 4,486 +18 -17 +294 +720 -1 -5 Het demand d e p o s i t s Time deposits Government deposits Due from banks Due to banks Borrowings from F , R. banks +1 +615 Federal Reserve Board August 8, 1935 For immediate r e l e a s e CONDITIO# 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 ) Aug. 7 1975 J u l y 31 1975 Aug. 8 1934 Loans and investments - t o t a l 7,5* 7,548. 7.108 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 others 1,601 1.590 , 1,520 805 793 57 740 613 Acceptances and commercial paper bought Loans on r e a l e s t a t e Other loans 131 122 1,157 U . S . Government d i r e c t o b l i g a t i o n s Obligations f u l l y guaranteed by U.S.Govt, Other s e c u r i t i e s 3,103 355 1,035 Reserve with F . R. bank Cash i n v a u l t NEW YORK 78 133) 122) 1,151) 1,521 3 , 2,878 1,189 2,132 42 2,122 44 1,415 38 Net demand d e p o s i t s Time deposits Government deposits 7,637 602 246 7,701 6,162 675 704 Due from banks Due to banks 90 1,993 $ > 1,036) 2,0$) 60 1,590 1,737 1,735 1,464 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 196 196 266 i 1 3° 165 20 33 213 Acceptances and commercial paper bought Locms on r e a l e s t a t e Other loans 21 15 236 20) 15) 238) 313 U . S . Government d i r e c t o b l i g a t i o n s Obligations f u l l y guaranteed by U.S.Govt, Other s e c u r i t i e s 921 82 266 923, 82) 261) 583 302 Reserve with F . R. bank Cash i n v a u l t 477 35 490 36 498 36 Borrowings from F. R, bank CHICAGO Loans and investments - t o t a l Net demand deposits Time deposits Government deposits Due from banks Due to banks Borrowings from F . R. bank 1,658 415 29 29 208 496 206 510 —- 1,403 % 156 4io **— (B-804« For immediate r e l e a s e PRINCIPAL ASSETS AND LIABILITIES 0? WEEKLY REPORTING MEMBER BASKS IN LEADING CITIES, BY DISTRICTS, ON AUGUST 7 , 1935 ( I n m i l l i o n s of d o l l a r s ) Total Boston New York Philadelphia Reserve Federal Cleve- Rich- A t l a n t a Chicago | S t . (Louis mond land 18,491 1,151 8,366 1,097 1,248 346 335 2,144 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 2.981 185 1,781 180 163 49 42 231 842 163 1,976 6 27 152 821 57 903 13 $ ~6 157 1 48 3 39 1 3% 196 Acceptances and commercial paper bought Loans on r e a l e s t a t e Other loans 298 9^9 3*133 37 87 274 134 238 1,293 23 70 179 4 73 142 11 75 3 12 109 30 30 306 U. S . Govt, d i r e c t o b l i g a t i o n s 7,301 O b l i g a t i o n s f u l l y guaranteed by V.S.Govt. 912 Other s e c u r i t i e s 2,917 377 18 173 3,310 388 1,222 286 116 26 57 97 20 52 1,138 27! 647 30 189 Reserve with P . R. banks Cash i n v a u l t 3,857 295 228 95 2,198 5% 139 13 154 20 66 12 15,455 4,420 516 999 313 32 8,103 1,004 265 819 282 35 784 468 25 248 13 1,832 4,486 ll4 213 167 2,061 i4o 131 205 Loans and investments - t o t a l 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 — — • 259 — — 316 "I % District Minn- Kansas e a p o l i s City San Dallas F r a n c i s c 344 589 412 1.916 56 32 47 42 173 ~"4 52 2 30 12 l6l 10 6 5 108 4 4l 2 11 108 116 343 329 8 42 605 111 336 11 1 1 214 42 90 % lt4 225 44 120 92 9 64 5 102 11 79 9 167 17 349 122 19 946 50 l 1,938 564 39 413 i 212 133 15 267 123 5 524 158 11 98 110 85 99 300 609 109 190 94 91 242 303 3 205 210 — —— — - — — — —• ——
@FedFRASER