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Form FR—284 STATEMENT For immediate release FDR THE PRESS Board of Governors of the Federal Reserve System August 22, 1938 Condition of Weekly Reporting Member Banks i n 101 Leading C i t i e s The condition statement of weekly reporting member banks i n 101 leading c i t i e s shows the following principal changes for the week ended August 17* Increases of 011,000,000 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 loans, $10,000,000 i n loans to brokers and dealers i n s e c u r i t i e s , and of $14,000,000 i n "Other s e c u r i t i e s " ; decreases of $22,000,000 i n holdings of obligations f u l l y guaranteed by the United States Government and of $12,000,000 i n "Other loans"$ and increases of $72,000,000 i n balances with domestic banks, $22,000,000 i n time d e p o s i t s , and $64,000,000 i n deposits credited t o domestic banks. Commercial, i n d u s t r i a l and agricultural loans increased $10,000,000 i n New York City, $6,000,000 i n the Chicago d i s t r i c t , and $11,000,000 at a l l reporting member banks* Loans t o brokers and dealers increased $9,000,000 i n New York City and loans t o banks $10,000,000. "Other loans" declined $8,000,000 i n Mew York City and $12,000,000 at a l l reporting member banks. Holdings of United States Government direct obligations increased $5,000,000. Holdings of o b l i g a t i o n s f u l l y guaranteed by the United States Government declined $13,000,000 i n Hew York City, $6,000,000 i n the Cleveland d i s t r i c t and $22,000,000 at all reporting member banks. Holdings of "Other s e c u r i t i e s " increased $14,000,000. Demand deposits-adjusted increased $14,000,000 i n the Kansas City d i s t r i c t , $11,000,000 i n the Dallas d i s t r i c t and $10,000,000 i n the San Francisco d i s t r i c t , and declined i n nost of the other d i s t r i c t s , a l l reporting member banks showing a net increase of $11,000,000, Tine deposits increased $22,000,000 i n Hevr York City* Government deposits declined $5,000,000* Deposits credited t o domestic banks increased $32,000,000 i n New York City and $64,000,000 at a l l reporting member banks* Deposits credited to foreign banks increased $6,000,000* Borrowings of weekly reporting member banks amounted t o $1,000,000 on August 17. A summary of the principal a s s e t s and l i a b i l i t i e s of reporting member banks, together with changes f o r the week and the year ended August 17, 1938, f o l l o w s * Aug. 17, 1938 ASSETS Loans and Investments - t o t a l Increase or decrease since Aug. 18, Aug, 10, 1937 1938 20,632 +21 -1,671 Loans — t o t a l Commercial, i n d u s t r i a l , and agricultural loans Open market paper Loans t o brokers and dealers 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 t o banks Other loans 8,223 3,900 337 632 578 1,160 115 1,501 +24 +11 +10 +4 +1 +9 -12 -1,710 —680 -131 -718 -119 -5 -24 -33 U. S. Government direct o b l i g a t i o n s Obligations f u l l y guaranteed by U, S, Gov't Other s e c u r i t i e s 7,674 1,628 3,107 +5 -22 +l4 -557 +489 +107 Reserve with Federal Reserve banks Cash i n vault Balances with domestic banks 6,568 382 2,437 +18 -11 +72 +1,374 +90 +728 15,020 5,215 425 +11 +22 -5 +90 —12 -107 5,953 320 1 +64 +6 +1 +939 -259 -38 +]_ L I A B I L I T I E S Demand deposits-adjusted Time deposits U. S. Government d e p o s i t s Intei—bank deposits: Domestic banks Foreign banks Borrowings Form FIfr»284~a STATEMENT FQR THE PRESS Board of Governors of the Federal Reserve System August 18, 1938 For immediate r e l e a s e ASSETS AllD LIABILITIES OF WEEKLY REPORTING MEMBER BANKS IN CENTRAL RESERVE CITIES ( i n millions of d o l l a r s ) Chicago New York City 1 1 9 3 8 . 1 9 3 7 1 9 3 7 19 3 8 Aug, 17 Aug, 10 Aug, 18 Aug, 17 Aug, 10 Aug. 18 ASSETS Loans and Investments — t o t a l 7,542 7,527 8,330 1,848 1,838 2,007 Loans — t o t a l 2,942 2,915 4,021 527 520 706 1,470 133 508 1,460 132 499 1,788 163 1,136 347 20 28 34^ 20 27 472 30 53 196 118 89 428 191 118 79 436 269 135 103 427 68 12 68 12 52 52 75 l4 2 60 U. 8. Gov't o b l i g a t i o n s Obligations f u l l y guaranteed by U. S. Gov't Other s e c u r i t i e s 2,781 2,780 2,937 875 874 917 773 1,046 786 1,046 403 969 127 319 128 316 99 285 Reserve with F. R. bank Cash i n vault Balances with domestic banks Other a s s e t s - net 3,339 50 70 483 3,301 50 69 486 2,388 49 65 451 856 32 212 51 875 34 204 52 582 26 139 62 6,224 660 104 6,229 638 104 5,998 720 284 1,526 464 52 1,527 464 57 1,520 448 55 2,453 279 2,421 274 1,870 530 686 6 684 7 528 7 282 1,482 285 1,482 24 374 1,483 15 250 16 248 17 241 Commercial, i n d u s t r i a l and agricultural loans Open market paper Loans t o brokers and dealers 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 L I A B I L I T I E S Demand deposits - adjusted Time deposits 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 account Form FR—28^-b ASSETS AID LIABILITIES OF WEEKLY REPORTING MEMBER BANKS IN 101 LEADING CITIES ON AUGUST 17, 1938 fTn m i l l i o n s of d o l l a r s Di s t r i c t F e d e r a l Kansas Dallas MinneSt. Cleve- Rich- Atlanta Chicago New City Boston a p o l i s Louis land mond York SETS Loans and Investments — t o t a l San Francisco 20,632 1,106 8,358 1,133 1,765 608 655 354 624 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 brokers and dealers 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 t o banks Other loans 8,223 583 3,332 419 662 229 284 153 245 3,900 337 632 271 63 21 1, l44 513 193 20 16 255 11 21 99 11 3 175 5 5 71 5 1 151 16 4 578 1,160 115 1,501 31 82 3 112 265 221 89 517 34 58 2 96 36 172 2 165 16 32 1 67 13 48 6 32 8 6 — «• 62 12 22 1 39 U. S. Gov't o b l i g a t i o n s Obligations f u l l y guaranteed by U.S.Gov't Other s e c u r i t i e s 7,674 1,628 3,107 363 30 130 3,001 820 1,205 337 94 283 745 91 267 283 34 62 1,352 224 459 210 63 98 147 14 4o 209 47 123 Reserve with F. R. bank Cash i n vault Balances with domestic banks Other a s s e t s - net 6,568 382 2,437 1,268 349 123 134 74 3,471 65 163 557 224 16 161 82 367 36 268 105 148 17 144 33 1,060 59 428 83 164 10 131 23 81 5 119 16 159 11 302 22 15,020 1,018 5,215 425 257 8 6,743 1,052 112 294 20 1,045 748 18 413 199 13 335 186 23 2,229 874 79 4l4 186 15 262 120 2 495 l44 18 4ll 132 25 904 1,023 92 5,953 320 232 2,523 281 305 5 351 1 211 196 1 909 7 272 128 1 363 197 266 13 15 226 17 361 21 93 6 90 19 378 6 90 6 56 3 95 4 83 288 334 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 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 account 1 697 3,656 11 20 240 1 292 1,610
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