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STATEMENT FOR TEE PRESS For immediate r e l e a s e 3-S04 F e d e r a l Reserve Board August 20, 1934 CONDITION OF WEEKLY REPORTING MEMBER BASKS IN LEADING CITIES The Federal Reserve B o a r d ' s 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 91 l e a d i n g c i t i e s on August 15 shows i n c r e a s e s f o r the week of $106,000,000 i n net demand d e p o s i t s , $14,000,000 i n time d e p o s i t s and $57,000,000 in investments, and a d e c r e a s e of $4-1,000,000 in Government d e p o s i t s . Loans on s e c u r i t i e s d e c l i n e d $10,000,000 at e l l r e p o r t i n g member banks. "All o t h e r " l o a n s d e c l i n e d $6,000,000 at r e p o r t i n g member banks in the New York d i s t r i c t , and i n c r e a s e d $6,000,000 i n the San Francisco d i s t r i c t and $8,000,000 a t a l l r e p o r t i n g banks. Holdings of United S t a t e s Government s e c u r i t i e s i n c r e a s e d $13,000,000 in the San F r a n c i s c o d i s t r i c t , $11,000,000 in the New York d i s t r i c t , $8,000,000 i n the Boston d i s t r i c t , $6,000,000 in t h e Cleveland d i s t r i c t and $24,000,000 at a l l r e p o r t i n g member banks, and d e c l i n e d $9,000,000 i n t h e S t . Louis d i s t r i c t . Holdings of o t h e r s e c u r i t i e s i n c r e a s e d $23,000,000 i n the New York d i s t r i c t and $33,000,000 a t a l l r e p o r t i n g banks. Licensed member banks f o r m e r l y included i n the c o n d i t i o n statement of member banks i n 101 l e a d i n g c i t i e s , but not now included in t h e weekly s t a t e m e n t , had t o t a l l o a n s and i n v e s t m e n t s of $1,179,000,000 and net demand, time and Government d e p o s i t s of $1,273,000,000 on August 15, compered w i t h $1,173,000,000 and $1,264,000,000, r e s p e c t i v e l y , on August S. 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, i n 91 l e a d i n g c i t i e s , t h a t are now included i n the s t a t e m e n t , t o g e t h e r with changes f o r the week end the y e a r ended August 15, 1934, f o l l o w s : ( I n m i l l i o n s of d o l l a r s ) Aug.15.1^34 Loans and investments - t o t a l Loans - t o t a l On s e c u r i t i e s All o t h e r Investments - t o t a l U. S. Government s e c u r i t i e s Other s e c u r i t i e s Reserves w i t h F. R. banks Cash in v a u l t 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. E. "banks 17,732 I n c r e a s e or decrease since Aug. 8.1934 Aug.l6.1933 + 55 +1.024 2 - 758 10 - 501 257 7,825 - 3,294 4,531 + 9,907 4- 57 +1.782 24 33 +1,474 + 308 6,660 + 3,247 + 3,046 231 — 12,827 4,505 1,255 1.5*53 3,*21 5 8 2 5 - + - + +1,336 + 48 106 l4 4l +2,464 29 + 35S 45 55 + 455 +l,34l —— - 33 F e d e r a l Reserve Board August l 6 , 193^ For immediate r e l e a s e CONDITION OF WEEKLY EXPORTING IffiMBEE BANKS IN CENTRAL RESERVE CITIES ( i n m i l l i o n s of d o l l a r s ) Aug.^ 15 Aug. 8 1934 Aug. l 6 1933 Loans and investments - t o t a l 7,132 7,103 6,7^5 Loans - t o t a l 3,0^4 "5,041 3.403 1,520 1,514 1,520 1,521 1,800 1,603 4.098 4.067 3,3^0 2,886 1,212 2,878 1,189 2,299 l,04l Reserves with F . R. bank Cash i n v a u l t 1,419 4o 1,415 38 7 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 6,205 669 684 6,162 675 704 5,128 776 403 Due from "banks Due to banks 65 1,601 60 1,590 67 1,079 HEW YORK On s e c u r i t i e s All other Investments - t o t a l U. S.-Government s e c u r i t i e s Other s e c u r i t i e s Borrowings from F . R. bank ™ Loans on s e c u r i t i e s to b r o k e r s and d e a l e r s : For own account For account of o u t - o f - t o w n banlcs For account of o t h e r s Total —- ?s —- 66s 152 1 821 666 160 1 827 764 123 7 894 504 317 506 321 639 255 1.46s 1.464 1,270 583 579 711 270 313 266 313 359 352 885 885 559 584 301 583 302 335 224 511 35 49s 36 291 26 1,425 359 42 1,403 1,005 Due from banks Due to banks 169 426 156 4io Borrowings from F . R. bank — On demand On time CHICAGO Loans and i n v e s t m e n t s - t o t a l Loans - t o t a l On s e c u r i t i e s All other Investments - t o t a l U. S. Government s e c u r i t i e s Other s e c u r i t i e s Reserves with F . R. bank Cash i n v a u l t 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 % 3 g 202 262 (B-804a) For immediate r e l e a s e PRINCIPAL ASSETS AH) LIABILITIES OF WEEKLY REPORTING MEMBER BANKS III LEADIHG CITIES, BY DISTRICTS, OH AUGUST 15, 1934 B-804b ( I n m i l l i o n s of d o l l a r s ) Total Loans and i n v e s t m e n t s - t o t a l Loans - to t a l On s e c u r i t i e s All other Investments - t o t a l U. S . G o v ' t , s e c u r i t i e s All other Reserves w i t h F . R. Bank Cash i n v a u l t Het 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 Hew Boston York Federal P h i l a - Cleve- Reserve Rich- delphia land mond A t l a n t a Chicago St. District Minn- Kansas Louis eapolis City San Dallas Francisco 17,732 1.185 8.042 1.062 iriq6 346 332 l,84q 510 362 561 413 1,874 7,825 672 3,535 4g4 409 l6l l66 736 209 l64 216 183 880 3,294 4,531 250 422 1,736 1,799 224 270 195 214 57 104 55 111 322 4i4 76 133 39 125 59 157 58 125 223 657 q,q07 513 4.507 568 787 185 166 1.113 301 198 345 230 qq4 6,660 3,247 343 170 3,069 1,438 293 275 584 203 129 56 110 56 768 345 194 107 138 60 230 115 175 55 627 367 3,046 231 % 1,485 50 121 12 154 17 51 10 26 6 552 43 77 8 48 4 92 10 75 8 130 14 344 105 6,616 1,102 720 667 318 69 654 467 49 222 134 8 172 130 30 1,660 487 63 34l 165 33 238 124 8 44l 165 23 283 124 65 660 945 82 134 1,665 127 222 96 183 77 89 89 89 237 521 99 151 76 113 214 271 142 124 177 197 —— —— — ~ — — 12,827 4,505 1,255 1,583 3,821 5 U ? 196 — 5 —— —— ——
@FedFRASER