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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 August 19, 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 dhows 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 t h e week ended August 1-41 I n c r e a s e s of $15,000,000 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 , $42,000,000 i n r e s e r v e balances with Federal Reserve banks, $77,000,000 i n demand d e p o s i t s - a d j u s t e d , and $64,000,000 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 $6,000,000 each i n t h e Boston and Cleveland d i s t r i c t s and $15,000,000 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 i n s e c u r i t i e s decreased $5,000,000 i n Hew York City and $8,000,000 a t a l l r e p o r t i n g member banks* Holdings of a l l c l a s s e s of s e c u r i t i e s showed r e l a t i v e l y l i t t l e change f o r t h e week: Treasury b i l l s declined $12,000,000 i n New York City and $5,000,000 a t a l l r e p o r t i n g member banks, Treasury notes i n c r e a s e d $3,000,000, United S t a t e s Government bonds d e c l i n e d $7,000,000, 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 $10,000,000, and "Other s e c u r i t i e s " i n c r e a s e d $5,000,000 a t a l l r e p o r t i n g member banks* Demand d e p o s i t s - a d j u s t e d i n c r e a s e d $22,000,000 i n t h e San Francisco d i s t r i c t , $20,000,000 i n t h e Kansas City d i s t r i c t , $12,000,000 each i n t h e Cleveland and Richmond d i s t r i c t s , $11,000,000 i n t h e S t . Louis d i s t r i c t and $77,000,000 a t a l l r e p o r t i n g member banks, and decreased $14,000,000 i n Hew York City, Deposits c r e d i t e d t o domestic banks i n c r e a s e d $20,000,000 i n t h e Chicago d i s t r i c t , $12,000,000 i n t h e Cleveland d i s t r i c t , $ 1 1 , 0 0 0 , 0 0 0 i n Hew York C i t y , $10,000,000 i n the San Francisco d i s t r i c t , and $64,000,000 a t a l l r e p o r t i n g member banks, 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 r e p o r t i n g member banks, t o g e t h e r with changes f o r the week and the year ended August 14, 1940, f o l l o w s t (In m i l l i o n s of d o l l a r s ) I n c r e a s e or decrease since Aug. Aug., 7 , Aug* 16, 14, 1940 1940 1939 ASSETS + 20 Loans and Investments - t o t a l +1,784 24,121 + u + 320 Loans - t o t a l 8,506 + 549 + 15 4,461 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 + 3 19 Open market paper 294 — 8 Loans to brokers and d e a l e r s i n s e c u r i t i e s 300 376 Other loans f o r purchasing or carrying s e c u r i t i e s 469 50 3 4Real e s t a t e l o a n s 4" 2 41 1,213 Loans t o banks 21 39 Other loans 44- 120 1,654 5 4Treasury b i l l s 238 5 733 Treasury n o t e s 4- 3 2,114 45 4U, S. bonds 6,580 690 7 + 10 + 312 Obligations guaranteed by U. S. Gov't 2,579 + 5 Other s e c u r i t i e s 4269 3,609 - Reserve with Federal Reserve banks Cash i n v a u l t Balances with domestic banks 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 d e p o s i t s U, S. Government d e p o s i t s I n t e r b a n k deposits t Domestic banks Foreign banks Borrowings - 11,254 505 3,163 + 42 + 17 20,789 5,336 528 + 77 8,397 605 + 64 — — + 55 1 1 + + - - - 1 +2,337 79 326 + + +3,148 + 91 16 — +1,214 + 30 7 Porn F, R. 284 STATEMENT FOR THE PRESS Board of Governors of t h e Federal Reserve System August 15, 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 ) 1lew York City I n c r e a s e or decrease since Aug. 14, Aug. 7 , Aug. 16, 1940 1939 1940 Chicago I n c r e a s e or d e c r e a s e since Aug. 16, Aug. 7 , 1939 1940 Aug. 14, 1940 ASSETS Loans and I n v e s t m e n t s - t o t a l 9,520 - 7 +1,134 Loans - t o t a l 2,754 -12 - 92 608 — 1,703 82 270 - 5 - 2 - 5 4" 232 35 255 430 21 23 - 2 + 1 — 2 164 124 28 383 - 1 60 18 - 2 + 2 + 20 6 22 2 Treasury b i l l s Treasury n o t e s U. S. bonds O b l i g a t i o n s g u a r a n t e e d by U. S. Gov't Other s e c u r i t i e s 329 1,061 2,640 -12 + 6 + 3 4- 1,374 1,362 + 5 + 3 Reserve with 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 6,394 85 79 321 +14 + 5 9,620 705 35 -14 + 5 3,635 629 +11 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 b r o k e r s and d e a l e r s Other loans f o r purchasing or c a r r y i n g s e c u r i t i e s Real e s t a t e l o a n s Loans t o banks Other l o a n s L I A B I L I T I E Demand d e p o s i t s - a d j u s t e d Time d e p o s i t s U, S.Gov't d e p o s i t s Inter-bank deposits: Domestic banks Foreign banks Borrowings Other l i a b i l i t i e s CAPITAL ACCOUNTS — — — 4- 1 — — -10 2,317 — — - 3 — + 200 + 69 + + 78 3 14 — — — 4" — — 8 4 —* — — — 56 + 3 + 6 109 227 469 317 159 732 - 3 - 1 - 1 + 111 84 79 238 183 144 357 + 2 + +1,249 25 4* 43 53 1,148 42 256 44 - 3 + 1 + 3 + +1,745 + 61 15 1,923 507 94 -15 - 1 + + 1,007 7 + + 44- — — — — 5 30 — 225 4 30 3 4- + — S — — 281 1,4-94 — —' W 561 54 - - — + 1 - 1 + 60 12 15 254 — — 237 10 31 4- + + +12 4- — — — «* — + 3 - 1 192 5 — 4— 2 11 Fern F. R. 284-b ASSETS AND LIABILITIES OF 7/EEKLY REPORTING MEHBER BAiHS IN 101 LEABIL3G CITIES O AUGUST 14, 1940 H ( i n n i l l i o n s of d o l l a r s ) District serve Federal Total Minne- Kansas Dallas Cleve- Rich— Atlanta Chicago S t . New P h i l a All Boston Louis a p o l i s City r.ond delphia land York districts ASSETS Loans and Investments — t o t a l Loans - t o t a l 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 b r o k e r s 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 c a r r y i n g s e c u r i t i e s Real e s t a t e loans Loans to banks Other l o a n s Treasury b i l l s Treasury n o t e s U. S. bonds O b l i g a t i o n s 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 w i t h domestic banks Other a s s e t s - net 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 Tine d e p o s i t s U. S. Gov't d e p o s i t s Intern-bank d e p o s i t s t Domestic banks Foreign banks Borrowings Other l i a b i l i t i e s CAPITAL ACCOUNTS San Francisco 24,121 8,506 1,183 6l4 10,410 3,109 1,207 4-76 1,902 712 719 275 634 312 3,488 965 710 326 387 I83 689 306 527 268 2,265 960 4,461 294 376 302 64 12 1,825 85 274 231 35 22 278 7 14 121 11 3 152 3 4 587 39 27 182 9 3 91 3 1 179 22 3 176 2 3 337 14 10 469 1,213 39 1,654 215 203 28 479 31 50 1 106 10 33 2 108 2 38 109 67 106 317 303 1,053 308 542 13 55 2 62 17 40 147 72 108 9 30 1 62 33 328 92 278 14 44 1 81 1 173 134 66 70 7 11 343 1,120 2,876 1,448 1,514 25 177 1 210 1 168 607 130 284 69 122 733 2,114 6,580 2,579 3,609 18 80 1 137 9 40 338 54 128 11,254 505 3,168 1,167 638 144 178 71 6,536 104 219 401 475 21 203 79 679 47 338 95 195 23 231 36 l48 15 202 49 1,463 77 569 77 1,312 10,267 1,077 235 60 12 1,013 262 46 1,404 746 42 541 203 33 438 192 42 295 20,789 5,336 528 8,397 685 373 18 3,731 631 430 5 473 1 699 3,781 19 245 287 1,617 14 215 15 380 — 34 98 28 110 24 42 12 68 92 76 135 13 23 1 50 29 39 85 48 58 228 12 177 22 104 8 142 16 203 17 319 23 141 12 285 30 45 385 1 168 2 64 701 194 344 444 25 305 268 2,819 969 138 496 191 15 308 116 2 562 146 19 491 135 32 1,138 1,064 87 272 1 1,323 8 347 163 1 416 — ** 245 1 329 19 9 94 19 398 6 94 3 105 3 88 283 387 — — 121 — •— 70 —* 7 60
@FedFRASER