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Form F , R. 28]+ For immediate r e l e a s e STATEMENT FOR THE PRESS 1 Board of Governors F e d e r a l Reserve System August 2b, I9k2 Condition of Weekly Reporting Member Banks i n 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 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 the week ended August l p ; Increases of $81+5,000,000 i n h o l d i n g s of Treasury c e r t i f i c a t e s of i n d e b t e d n e s s , $74-2,000,000 i n United S t a t e s Government d e p o s i t s , and $192,000,000 i n demand d e p o s i t s - a d j u s t e d , and decreases of $106,000,000 i n d e p o s i t s c r e d i t e d t o domestic banks and $97,000,000 i n balances w i t h 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 d e c l i n e d $35#000,000 a t a l l r e p o r t i n g member banks« Loans to brokers and u e a l e r s i n s e c u r i t i e s i n c r e a s e d $1:3,000,000 i n New York City and $14.7,000,000 a t a l l r e p o r t i n g member banks. Holdings of Treasury c e r t i f i c a t e s of indebtedness i n c r e a s e d i n a l l d i s t r i c t s , t h e p r i n c i p a l i n c r e a s e s being $$16,000,000 i n New York C i t y , $183,000,000 i n the Chicago D i s t r i c t , and $58,<300,000 each i n t h e Cleveland and San Francisco D i s t r i c t s . ' Holdings of Treasury b i l l s i n c r e a s e d $22,000,000 i n t h e Chicago D i s t r i c t , $11,000,000 i n t h e P h i l a d e l p h i a D i s t r i c t , and $1+2,000,000 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 $1+9,000,000, 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 $118,000,000 i n New York C i t y , $52,000,000 in the Cleveland D i s t r i c t , $1+0,000,000 i n the San Francisco D i s t r i c t , and $192,000,000 a t a l l r e p o r t i n g member banks. United S t a t e s Government d e p o s i t s i n c r e a s e d i n a l l d i s t r i c t s , the p r i n c i p a l i n c r e a s e s being $373,000,000 i n New York C i t y , $153,000,000 i n t h e Chicago D i s t r i c t , and $60,000,000 i n the San Francisco District, Deposits c r e d i t e d to domestic banks declined $54,000,000 i n New York C i t y , $32,000,000 i n t h e Chicago D i s t r i c t , $20,000,000 i n t h e S t . Louis D i s t r i c t , and $106,000,000 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, and of d e b i t s to demand d e p o s i t a c c o u n t s , 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 ) I n c r e a s e or decrease since Aug. 20, Aug. 12 191+1 191+2 Aug. 19, 191+2 +5,492 54 Loans and Investments•— t o t a l 34,517 +914 Loans—total 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 p u r c h a s i n g or c a r r y i n g s e e s . Real e s t a t e loans Loans t o banks Other loans 10,634 6,390 322 581+ 389 - Treasury b i l l s Treasury c e r t i f i c a t e s of indebtedness Treasury n o t e s U, S. bonds O b l i g a t i o n s guaranteed by U. S, Government Other s e c u r i t i e s 2,107 2,251 . 2,795 11,221 2,051 + 1+2 9,61+2 - 25 ** 15 - 97 -1,054 5,121+ +192 + 12 +71+2 +2,263 - 311 8,1+96 673 -106 - 16 - 23 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 De&and 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 Interbank d e p o s i t s ; Domestic banks Foreign banks Borrowings Debits t o demand d e p o s i t accounts and U, S. Gov't week Digitized for except FRASER i n t e r b a n k http://fraser.stlouisfed.org/ a ccounts, during Federal Reserve Bank of St. Louis 1,229 38 1,682 3,^58 1+80 2,678 26,718 2,631 1 9,916 8 - 35 - 7 + 47 " + 13 l 1 +81+5 - 26 + 1+9 + + 6 6 + + - 210 82 il+o 1+8 - 23 3 - 248 +i,ol+3 +2,251 + 519 +3,282 -1,263 - 286 - 56 +2,079 + b2 Form F» R. 284a • ; • STATEMENT FOR THE PRESS: Board, of Governors of the Federal Reserve System August 20, 1942 For immediate release CONDITION OF WEEKLY REPORTING- MEMBER. BANKS IN CENTRAL .RESERVE CITIES ! (In millions of dollars) New York City Increase or decrease since Aug. Aug.'12, Aug. 20, 19, 1942 I9kl 1942 Aug. 19 1942 13,619 +306 +1,492 • 3.409 3,808 +35 + 263 2,591 56 461 - + 206 28 702 + U3 + ll+4 149 - m 35 U12 + 1 - 1 Treasury b i l l s Treasury c e r t , of indebt. • Treasury notes U. S. bonus Obligations guaranteed by U. S. Government Other securities 717 835 l,5kk 4,54^ - '8 +316 - 35 - l 1,086 1,285 - Reserve with F. R. Bank Cash in vault Balances with domestic banks Other assets—net 4,280 72 . 34 299 + 93 - 3 + 6 Chicago Increase or decrease since Aug.12, Aug. 20, I9hl .. # 2 A S S E T S Loans and Investments-total Loans--total Commercial, i n d u s t r i a l , and agricultural loans Open market paper Loans to brokers and dealers Other loans for purchasing or carrying securities Real estate loans Loans to banks Other loans 104 4 - 2 2 -- 3 +726 +127 6 • + 13 5 26 + 48 - 15 - 9 11 5 3 4l 51 24 • + 108 + 835 + 99 +1 ,161 4l4 153 1,156 763 - - + - 897 - 17 - 77 1 + 1 2 3 - 12 v + 84' 4 +325 + 42 +336 98 + 1 - 61 211 361 1 - 13 - 1 ,059 - 26 - 1 -143 + 4 - +136 325 - 13 1,018 44 — - 10,625 662 1,5314. +118 + 3 +373 - 3,024 - 54 - 200 41 - 3 16 354 2,555 - 6 ' - 1 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 Interbank 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 Debits to demand d e p o s i t a c c o u n t s , except i n t e r b a n k ana U.S.Gov't a c c o u n t s , d u r i n g week 603 -- 308 1,548 3.819 - 16 - 23 + 1 - 102 +1,463 462 +134 341 1,033 12 + 35 + 43 ; + 30 287 1 7 961 : - 30 - 1 +281 - 31 +246 + 4 + 3 + 13 Form P . R. 284b ASSETS AND LIABILITIES OF WEEKLY HEfGRTI'NG MEMBER BANK'S' IN 101 LEADING CITIES, AUGUST i y , 1 ^ 2 ( I n m i l l i o n s of d o l l a r s ) Total All d i s t r i c t s Boston A S S E T S Loans and I n v e s t m e n t s — t o t a l Loans — t o t a l Comm'l, i n d ' l , and a g r ' l l o a n s Open market paper Loans t o b r o k e r s and d e a l e r s i n sees Other l o a n s f o r p u r c h a s i n g 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 t o banks Other loans Treasury b i l l s Treasury c e r t , of i n d e b t e d n e s 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 . G o v ' t Other s e c u r i t i e s Reserve w i t h F . R. Banks Cash i n v a u l t Balances w i t h domestic banks Other a s s e t s - - n e t 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 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 D e b i t s t o demand d e p o s i t a c c o u n t s e x c e p t i n t e r b a n k and U . S . G o v ' t a c c o u n t s , d u r i n g week 34,517 10,6% 6,390 322 5% 389 1,229 38 New York F d e r a 1 Re s e r v e D i s t r i c t P h i l a - Cleve- RichMinne- Kansas St. A t l a n t a Chicago Louis a p o l i s d e l p h i a land mond City |Dallas 1,819 14,781 1,565 772 4,182 513 279 442 2,735 30 93 59 28 14 467 13 74 1 1,682 135 2,107 2 ,251 2,795 ill 125 66 31 48 187 192 35 507 — 2,713 1,051 843 299 428 142 23 15 16 4 : • 944 340 189 6 4 5,259 1,341 11 52 1 74 8 29 1 103 57 146 10 62 153 15 183 - - 97 178 78 178 234 974 130 276 68 11,221 2,051 3,458 558 52 135 1,61(4 4,762 1,148 i,4io 96 55 54 533 64 250 9,642 480 456 63 132 66 4,482 99 137 356 432 27 109 66 722 59 390 86 287 30 200 L ,623 11,535 1,392 222 1,023 165 70 1,598 45 323 3,102 359 22 6 • 605 2,181 703 54 517 2 84o 2,678 1,188 26,718 5,124 2,631 8,496 673 \ 759 876 901 3,961 21 254 313 1,674 9,916 562 4,144 13 219 58 50 69 445 62 49 205 45 372 " 1,076 379 221 919 15 34 32 3 58 79 77 235 46 109 1,759 259 576 242 19 203 46 691, 195 67 379 3 555 477 590 1,013 219 379 116 226 2 30 1 4 786 310 224 2 3 2,920 1,057 46 9 13 8 16 5 8 35 13 21 31 371 68 79 76 47 165 70 61 . 76 68 117 129 130 110 63 298 35 20 39 ' 64 122 70 43 199 38 58 l ,472 92 46o 75 260 15 151 21 132 296 227 4,053 744 426 1,442 13 51 435 417 107 24 292 960 121 185 — 39 24 188 8 86 14 209 1 63 99 210 18 341 19 776 138 45 610 —- 22 401 100 100 to 7 101 6 66 114 717 328 27 9 1,591 296 171 359 55 19 24 San Franci; 4 1,060 133 294 17 634 33 32 358 289 270 713 131 1,753 339 1 409 20 68 5 94 269 1,085 138 412 398 752