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STATEMENT FOR THE PRESS For immediate r e l e a s e Board of Governors of t h e F e d e r a l Reserve System August 23, 1937 Condition of Weekly Reporting Member Banks i n 101 Leading—Cities The c o n d i t i o n s t a t e m e n t of weekly r e p o r t i n g member banks i n 101 l e a d i n g c i t i e s shows 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 181 I n c r e a s e s o $32,000,000 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 and $22,000,000 i n h o l d i n g s 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 ; d e c r e a s e s of $37,000,000 i n h o l d i n g s of o b l i g a t i o n s f u l l y guaranteed by t h e United S t a t e s Government and $29>000,000 i n "Other s e c u r i t i e s " ; and an i n c r e a s e of $72,000,000 i n r e s e r v e b a l a n c e s with F e d e r a l Resdrve 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 l o a n s i n c r e a s e d $29,000,000 a t r e p o r t i n g member banks i n New York C i t y and $32,000,000 a t a l l r e p o r t i n g member banks, and d e c l i n e d $5,000,000 i n t h e Chicago d i s t r i c t . Loans t o b r o k e r s and d e a l e r s dec l i n e d $7,000,000 and l o a n s t o banks i n c r e a s e d $4,000,000 a t r e p o r t i n g member banks i n New York C i t y . "Other l o a n s " d e c l i n e d $9,000,000 i n t h e Chicago d i s t r i c t and $6,000,000 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 d i r e c t o b l i g a t i o n s i n c r e a s e d $16,000,000 i n New York C i t y and $22,000,000 a t a l l r e p o r t i n g member banks. Holdings of obligat i o n s f u l l y g u a r a n t e e d by t h e United S t a t e s Government d e c l i n e d $29,000,000 i n New York City and $37,000,000 a t a l l r e p o r t i n g member banks. Holdings of "Other secu r i t i e s " d e c l i n e d $12,000,000 i n t h e San F r a n c i s c o d i s t r i c t , $5,000,000 i n New York City and $29,000,000 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 $30,000,000 i n New York City and *17,000,000 i n t h e Cleveland d i s t r i c t , and d e c l i n e d i n most o f t h e o t h e r d i s t r i c t s , a l l r e p o r t i n g member banks showing a n e t i n c r e a s e of $16,000,000 f o r t h e week. Governmen d e p o s i t s increased- $26,000,000 i n " New York City and $34,000,000 a t a l l r e p o r t i n g member banks. D e p o s i t s c r e d i t e d t o domestic banks i n c r e a s e d $18,000,000 i n the^San Francisco d i s t r i c t , $12,000,000 i n New York City and $35,000,000 a t 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 f o r e i g n banks d e c l i n e d £>13,000,000 i n New York Borrowings of weekly r e p o r t i n g member banks amounted t o ^39,000,000 on August 18 a d e c l i n e of $4,000,000 b e i n g shown f o r member banks i n New York C i t y . 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 t h e 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 t h e y e a r ended August 18, 1937, f o l l o w s i ( i n m i l l i o n s of d o l l a r s ) I n c r e a s e o r decrease since Aug. 18, Aug. 19, Aug. 11, 1936 1937 ASSETS Loans and i n v e s t :ments ments - t o t a l Loans - t o t a l C o m m e r c i 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 l o a n s l On s e c u r i t i e s Otherwise secured and unsecured Open market p a p e r Loans to 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 l o a n s f o r p u r c h a s i n g o r 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 loans» On s e c u r i t i e s Otherwise secured and unsecured U. S. Government d i r e c t o b l i g a t i o n s O b l i g a t i o n s f u l l y guaranteed by U.S. Gov't Other s e c u r i t i e s Reserve-with F e d e r a l Reserve banks Cash i n v a u l t Balances v/ith domestic banks 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. Government d e p o s i t s I n t e r - b a n k d e p o s i t s : Domestic banks Foreign banks Borrowings "^Comparable f i g u r e s not a v a i l a b l e . 22,303 9,933 —28 +16 587 3,993 +1 +31 —2 -6 -4 1,350 697 1,165 — 139 719 815 8,231 1,139 3,000 5,194 292 1,709 +2 +5 -11 +22 -37 -29 +72 -11 +29 14,930 5,227 532 5,0l4 579 39 +16 -2 +34 +35 -10 -3 +47 +1,564 * * * +242 * +19 — +76 * * -1,101 -93 -323 +310 -81 -579 +136 +213 -288 -736 +168 +35 (B-804) STATEMENT FOR THE PRESS Board of Governors of the Federal Reserve System August 19, 1937 For immediate release ASSETS AND LIABILITIES OF WEEKLY REPORTING MEMBER BANKS IN CENTRAL RESERVE CITIES (In millions of dollars) Chicago Hew York City 1 9 3 6 19 3 7 1 9 3 6 19 3 7 Aug. 18 Aug. 11 Aug. 19 Aug. 18 Aug. 11 Aug. 19 ASSETS Loans and investments - total 8,330 8,323 8,596 2,007 2,033 2,043 Loans - total 4,021 3,996 3,165 706 722 575 241 1,547 163 1,136 239 1,520 162 1,143 * * * 32 440 30 53 33 445 30 53 * * * 269 135 103 271 135 99 * 75 l4 2 * 132 32 75 l4 2 230 197 229 198 * * 24 36 24 46 * * U. S. Gov't obligations Obligations fully guaranteed by U. S. Govt. Other securities 2,937 2,921 3,856 917 920 1,081 403 969 432 974 446 1,129 99 285 99 292 91 296 Reserve with F. R. bank Cash in vault Balances with domestic banks Other assets - net 2,388 49 65 451 2,342 52 66 449 2,290 50 71 451 582 26 139 62 563 27 136 62 594 31 201 70 5,998 720 284 5,968 719 258 6,240 562 191 1,520 448 55 1,514 453 55 1,518 444 101 1,870 530 1,858 543 2,3X4 373 528 7 534 7 624 5 t—I 28 375 1,483 2 348 1,428 17 241 20 227 Commercial,industrial, and agricultural loans i On securities Otherwise secured & unsecured Open market paper •Loans to brokers and dealers Other loans for purchasing or carrying securities Real estate loans Loans to banks Other loanst On securities Otherwise secured & unsecured 936 35 15 5 LIABILITIES Demand deposits - adjusted Time deposits U. S. Gov't deposits Inter-bank deposits I Domestic banks Foreign banks Borrowings Other l i a b i l i t i e s Capital account > - — 17 241 *Comparable figures not available. (B-804a) ASSETS AKD LIABILITIES OF WEEKLY REPORTING MEMBER BA13KS IH 101 LEADING CITIES OH AUGUST 18, 1937 / T— ^ Total All Boston districts i ASSETS 22,303 Loans and i n v e s t m e n t s - t o t a l 9,933 Loans - t o t a l Commercial, i n d u s t r i a l , and agricultural loans: 587 On s e c u r i t i e s 3,993 Otherwise s e c u r e d & unsecured 468 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 1,350 Other loans f o r purchasing or carrying securities 697 Real e s t a t e l o a n s 1,165 Loans t o banks 139 Other loans $ On s e c u r i t i e s 719 Otherwise s e c u r e d & unsecured 815 u. S. Gov't o b l i g a t i o n s 8,231 O b l i g a t i o n s f u l l y g u a r a n t e e d by U.S.Gov't 1,139 Other s e c u r i t i e s 3,000 Reserve w i t h F. R. bank 5,194 Cash i n v a u l t 292 B a l a n c e s with d o m e s t i c banks 1,709 J.,270 Other a s s e t s - net L I AB I L I T I E S 14,930 Demand d e p o s i t s - a d j u s t e d 5,2.27 Time d e p o s i t s 532 U. S. Gov't d e p o s i t s Inter-bank deposits: 5,014 Domestic banks 579 F o r e i g n banks 39 Borrowings 838 Other l i a b i l i t i e s 3,609 C a p i t a l account ^ ^ 4> B-804b \ F e d e r a l Reserve D i s t r i c t s j i Of New | p h i l a - . Clave-j R i c h - Atlanta!'Chicago i j Louis l o r k j d e l p h i a l a n d j mond Minneapolis Kansas D a l l a s 1 - S a ^ City [Francisco 1,325 716 9,204 4,464 1,179 474 1,912 714 638 242 546 262 3,085 1,031 671 308 397 174 729 290 500 227 2,117 1,031 39 288 93 42 254 1,662 177 1,150 44171 26 27 44 245 19 22 14 92 12 4 10 121 4 7 49 581 54 61 55 131 11 6 9 81 7 2 19 163 27 4 13 130 3 3 37 328 35 22 37 85 5 349 243 103 38 60 2 38 178 3 19 29 2 16 27 6 92 82 6 13 46 8 9 6 14 20 1 15 21 1 57 368 2 67 60 444 22 143 241 32 79 81 263 263 3,155 448 1,137 2,513 65 1.34 523 48 58 327 279 238 16 120 87 122 43 868 60 270 337 36 170 106 30 4o 297 32 67 131 17 108 4l 25 46 174 34 76 107 11 104 39 47 59 1,442 187 425 793 58 .293 94 12 26 217 46 100 132 10 79 23 9 51 167 12 44 79 5 68 17 14 28 267 46 126 177 12. 201 23 9 32. 194 29 50 109 10 150 27 73 109 679 124 283 337 20 203 209 961 278 36 6,522 1,123 291 818 280 18 1,118 731 15 426 199 11 337 183 14 2,267 862 73 397 184 8 266 122 2 506 144 9 392 120 18 920 1,001 37 205 11 3 28 236 1,939 532 30 386 l,6l6 272 5 334 1 231 389 — — 113 1 — — — — — 180 1 1 4 80 262 17 — 172 2 4 7 88 732 8 — 185 1 1 21 91 99 — 19 228 — 17 345 19 • 362 8 87 — — 6 56 — — — — 3 91 — — 320 329
@FedFRASER