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Form FR-284 For immediate r e l e a s e STATEMENT FOR THE PRESS Board of Governors of t h e Federal Reserve System August 12, 1940 Condition of Weekly Reporting Member Banks i n 101 Leading: C i t i e s The condition 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 the following p r i n c i p a l changes f o r t h e week ended August 7s An i n crease of $151,000,000 i n holdings of o b l i g a t i o n s guaranteed oy t h e United S t a t e s Government, decreases of $237,000,000 i n reserve balances with *eaeral Reserve banks and $272,000,000 i n demand d e p o s i t s - a d j u s t e d , and an i n c r e a s e of $94,000,000 i n d e p o s i t s c r e d i t e d t o domestic banks. , . 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 i n c r e a s e d ^10,000,000 i n Hew r e p o r t i n g member banks. . , Holdings of United S t a t e s Treasury b i l l s decreased ^4o,000,000 m New fork City and $53,000,000 a t a l l r e p o r t i n g member banks. Holdings of Treasury notes m creased $12,000,000 a t a l l r e p o r t i n g member banks. Holdings of United S t a t e s Government bonds i n c r e a s e d $19,000,000 i n New York City and $20,000,000 a t a l l r e p o r t i n g member banks. Holdings of o b l i g a t i o n s guaranteed by the United S t a t e s Government i n c r e a s e d $80,000,000 i n Hew York City, $14,000,000 i n t h e Chicago d i s t r i c t , $13,000,000 i n t h e Richmond d i s t r i c t , and $151,000,000 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 " i n c r e a s e d $11,000,000 i n t h e Chicago d i s t r i c t and $18,000,000 a t a l l r e p o r t i n g member banks. _ a™ nnn Demand d e p o s i t s - a d j u s t e d decreased $119,000,000 i n Hew f o r k vity,$70,000,000 i n t h e Chicago d i s t r i c t , $30,000,000 i n t h e Philadelphia d i s t r i c t , $19,000,000 i n the Cleveland d i s t r i c t , $10,000,000 each i n the Richmond and St. Louis d i s t r i c t s , and $272,000,000 a t a l l r e p o r t i n g member banks. Time deposits increased . $15,000,000 at 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 domestio banks increased v95,000,000 i n the Chicago d i s t r i c t , $15,000,000 i n the Ph ila d e l phi a d i s t r i c t , $11,000,000 each i n t h e Minnea p o l i s and Kansas City d i s t r i c t s and $94,000,000 at a l l r e p o r t i n g member banks, an decreased $60,000,000 i n Hew York City. Deposits c r e d i t e d to f o r e i g n banks i n creased $9,000,000 i n Hew York City. ^ , A sunnary 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 r e p o r t i n g nenber banks, together with changes f o r t h e week and t h e year ended August 7, 1940, follows f tin millions 0 1 g o i i u i - » ; Increase or decrease since Aug. Aug. 9 , J u l y 31, 7, 1939 1940 1940 ASSETS +1,827 +123 24,101 Loans and Investments - t o t a l + 336 - 25 8,492 Loans - t o t a l + 529 + 5 4,446 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 19 291 Open market paper 247 - 35 384 Loans to brokers and dealers i n s e c u r i t i e s 50 2 472 Other loans f o r purchasing or carrying s e c u r i t i e s + 41 + 1 1,211 Real e s t a t e loans 35 1 39 Loans t o banks + 117 + 7 1,649 Other loans + 258 - 53 738 Treasury b i l l s + 12 44 2,111 Treasury notes + 692 + 20 6,507 U. S, bonds + 310 +151 2,569 Obligations guaranteed by U. S. Gov't + 275 + 18 3,604 Other s e c u r i t i e s +2,421 -237 11,212 Reserve with Federal Reserve banks + 42 + 10 488 Cash i n v a u l t + 336 27 3,113 Balances with domestic banks L I A B I L I T I E S +3,161 -272 20,712 Demand d e p o s i t s - a d j u s t e d + 84 + 15 5,335 Time d e p o s i t s 21 + 1 527 U. S. Government d e p o s i t s Inter-bank d e p o s i t s $ +1,282 94 8,333 Domestic banks + 56 9 685 Foreign banks 9 1 1 Borrowings Form F. R. 284 STATEMENT FOR THE PRESS Board of Governors of the Federal Reserve System August 8, 1940 For immediate r e l e a s e ASSETS AND LIABILITIES 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 ) New York City Increase or decrease since Aug. July 31, Aug. 9 , 7, 1940 1939 1940 Chicago Increase or decrease since J u l y 31, Aug, 9, 1939 1940 Aug, 7, 1940 ASSETS Loans and Investments - t o t a l 9,527 + 38 +1,195 2,320 + 19 4- 208 Loans - t o t a l 2,766 - 22 - 41 608 + 3 4- 70 1,708 84 275 + 10 - 2 - 27 + 244 30 209 432 20 25 _ 77 2 8 165 123 30 381 — 2 — 21 7 34 2 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 to banks Other loans — — - — + 1 - — + 4- 2,637 — 48 + 3 + 19 4- 135 220 461 1,369 1,359 + 80 + 6 + 236 6,380 80 -169 + 1 +1,375 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 341 1,055 Reserve with F. R. banks Cash i n v a u l t Balances with domestic banks Other a s s e t s - net 79 — — 331 - 28 9,634 700 35 -119 + 13 3,624 629 - 60 + 9 — 1 4- . — 4- 60 . ~ - 18 . — 4- 8 4 - — 4 4- 3 . ~ 4- 115 82 82 — 53 4- 320 160 733 44- l 1 144 355 4- 10 4* 18 6 46 1,151 4l 253 44 +1,843 + 47 17 1,938 508 94 + + 4- + 184 4- — 4- 4 4- 7 4- - — 4- - - 4- 1 5 .28 229 3 32 4 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 d e p o s i t s Intel—bank d e p o s i t s : Domestic banks Foreign banks Borrowings Other l i a b i l i t i e s CAPITAL ACCOUNTS 280 1,495 - - + 3 2 + + 641 79 995 7 + 57 12 12 255 4$ 1 4- 4- —* + 44- — + 72 4- 4 1 — — 256 12 31 185 4 1 11 Forn F. R. 284-b ASSETS JIBD LIABILITIES OF WEEKLY REPORTING MELIBER BANES III 101 LEADING CITIES OH AUGUST 7, 1940 (In millions of d o l l a r s ) Federal Reserve D i s t r i c t Total Minne- Kansas St. RichCleveP h i l a Hew All Chicago Atlanta Boston Louis a p o l i s City Dallas delphia land mond York districts ASSETS Loans and Investments - t o t a l Loans — t o t a l Coram e r i c a l , 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 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 to banks Other loans 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 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 L I A B I L I T I E S Demand deposits—adjusted Time deposits U. S. Gov't deposits Inter-bank deposits t Domestic banks Foreign banks Borrowings Other l i a b i l i t i e s CAPITAL ACCOUHTS 20,712 5,335 527 8,333 685 1 697 3,782 122 11 3 152 3 5 585 38 29 182 9 -4 91 3 1 179 21 3 174 2 2 338 13 9 14 44 11 32 69 122 7 11 119 320 303 1,056 308 539 1,468 73 552 76 45 385 1 169 180 22 27 115 24 42 3.00 7 137 16 10 30 1 62 11 68 93 75 135 196 17 308 23 14 106 13 55 1 62 11 39 146 72 485 191 15 305 ll6 2 542 146 19 489 136 31 1,116 1,065 86 417 — — 237 1 319 19 3 105 4 88 281 387 272 7 14 216 201 30 477 354 1,114 2,873 1,443 30 51 1 107 33 328 92 279 480 20 200 79 25 177 1 210 1 168 607 130 284 670 45 330 95 1,317 10,270 1,009 262 235 1,073 46 13 60 1,392 745 42 3,719 431 5 461 1 286 14 215 15 18 80 1 137 7 40 338 54 129 647 144 179 71 488 3,H3 1,158 2.66 228 33 21 472 11,212 306 1,827 87 280 296 64 13 6,587 2,569 3,604 183 2,267 960 471 4,446 291 384 2,111 527 632 3,118 39 1,649 738 688 716 274 609 1,211 702 326 391 311 3,488 962 1,896 706 1,203 24,101 8,492 371 17 1 19 245 1,512 6,528 100 215 399 630 1,618 —• — 380 San Francisco — — 80 — •— 2 2 70 173 134 66 69 188 22 230 38 38 109 66 106 152 U 204 51 529 203 33 436 192 42 2,822 296 276 2 1,303 9 343 160 1 11 94 16 398 6 94 60 — 35 98 971 138 108 218 12 7 23 1 50 30 42 86 45 58 140 11 278 30 2 66 702 194 343 425 23 300 258
@FedFRASER