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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 28, 1939. 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 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 23* An i n c r e a s e of $26,000,000 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 a decrease of $37,000,000 i n 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 ; an i n c r e a s e of $199,000,000 i n r e s e r v e balances with Federal Reserve banks; and an i n c r e a s e of $194,000,000 i n demand d e p o s i t s - a d j u s t e d . 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 $25,000,000 i n New York City and $26,000,000 a t a l l r e p o r t i n g member banks. Loans t o brokers and d e a l e r s i n s e c u r i t i e s d e c l i n e d $36,000,000 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 United S t a t e s Treasury b i l l s declined $12,000,000 i n New York C i t y , and i n c r e a s e d $8,000,000 i n t h e Chicago d i s t r i c t and $6,000,000 i n t h e Cleveland d i s t r i c t , a l l r e p o r t i n g member banks showing a net r e d u c t i o n of $1,000,000, Holdi n g s of Treasury notes declined $15,000,000 i n New York City and $21,000,000 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 declined $11,000,000 i n New York C i t y , and i n c r e a s e d $11,000,000 i n t h e Chicago d i s t r i c t , $7j000,000 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 $11,000,000 a t a l l r e p o r t i n g member banks. Holdings of "Other s e c u r i t i e s " increased $15,000,000, 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 $76,000,000 i n New York C i t y , $41,000,000 i n t h e Chicago d i s t r i c t , $29,000,000 i n t h e Boston d i s t r i c t , $14,000,000 i n t h e Cleveland d i s t r i c t s , $11,000,000 each i n t h e P h i l a d e l p h i a and San Francisco d i s t r i c t s , and $194,000,000 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 domestic banks incre ase d $31,000,000 i n New York C i t y , and d e c l i n e d $13,000,000 i n t h e Chicago d i s t r i c t , $9,000,000 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 . $8,000,000 i n t h e San Francisco d i s t r i c t , and $4,000,000 at 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 i n c r e a s e d $16,000,000 i n New York City, Borrowings of weekly r e p o r t i n g member banks amounted t o $6,000,000 on August 23. 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 t h e week and t h e year ended August 23, 1939, f o l l o w s : (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. 16, Aug. 24, 23, 1938 1939 1939 ASSETS + 3 +1,627 22,340 Loans and Investments - t o t a l 8 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 arid 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 carrying s e c u r i t i e s Real e s t a t e loans Loans t o banks Other l o a n s 8,178 3,938 312 639 518 1,173 53 1,545 — 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 0-her s e c u r i t i e s 494 2,138 5,901 2,274 3,355 1) 21) + 11) + 7 + 15 Reserve v i t h Federal Reserve banks Cash i n v a u l t Balances with domestic banks 9,116 443 2,838 +199 + 17 4 +2,477 + 47 + 419 17,835 5,250 539 +194 + 5 — 5 + + 4 + 14 — 1 + + + 39 48 23 3 62 15 61 41 + 809 + + 621 236 - + 26 + — — 1 37 1 + 1 — 7 + 11 — + — + — — — — 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. 8 . Government d e p o s i t s Inter-bank d e p o s i t s : Dcaestic banks Foreign banks Digitized forBorrowings FRASER 7,179 669 6 — +2,621 33 118 +1,304 344 6 Form FR-284 STATEMENT FOR THE PRESS Board of Governors of t h e F e d e r a l Reserve System August 24, 1939 For immediate r e l e a s e ASSETS AIID 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 ) New York City I n c r e a s e or Aug. decrease since 23, Aug, 16, Aug. 24, 1938 1939 1939 Aug. 23, 1939 Chicago Inc re ase or decrease since Aug . 16, Aug. 24, 1938 1939 ASSETS Loans and I n v e s t m e n t s - t o t a l 8,340 — 46 4- 727 2,136 Loans - t o t a l 2,826 - 20 — 125 541 16 15 18 352. 18 39 15 68 14 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 1,496 Open market paper 117 Loans t o brokers and d e a l e r s 489 Other loans f o r purchasing or carrying s e c u r i t i e s 183 Real e s t a t e loans 118 Loans t o banks 42 Other loans 381 + 25 — 4- — 36 - 1 - 8 — — - 45 48 — 367 4- 344 141 149 330 +1,942 + 9 47 — 102 + 76 + 1 - 2 4-1 ,609 + 31 + 16 4- - 12) - 15) - 11) 1,14! 1,186 + + 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 5,317 60 76 376 +172 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 I Domestic banks Foreign banks 7,951 645 48 3,105 591 Borrowings Other l i a b i l i t i e s CAPITAL ACCOUNTS - "• >i 347 1,482 5 7 •"" •— + 2 + 289 + + 15 + 10 1 7 2 — — + 2 4- 2 4— — 50 4- 208 819 2,160 + —— 216 244 656 Treasury b i l l s Treasury n o t e s U. S. bonds Obligations guaranteed by U, S. Gov't Other s e c u r i t i e s + 19 3 + 10) 1) 44- 3) 4- 242 — 4- 22 10 4- 3 4- 945 39 222 47 4- 22 1 4 444- 72 5 13 5 4- 14 56 1,728 497 63 42 44- 176 33 16 681 309 810 13 4- 130 7 + - L I A B I L I T I E S — - + — 4- 6 4- + — 5 1 - 4- 4- — 55 1 13 265 ~ 4- 3 15 Form FR—284—b ASSETS AI-ID LIABILITIES OF 1EEKLY REPORTING MEMBER BfiffiS 111 101 LEADING CITIES 015 AUGUST 23, 1939 ASSETS Loans and Investments - t o t a l Ig Total All Boston districts Federal Philar- Cleve- Richd e l p h i a l a n d mond Reserve St. Atlanta Chicago Louis District Minne- Kansas a p o l i s C i t y Dallas San Francisco 22,340 1,169 9*175 1,164 1,918 674 579 3,227 684 379 664 509 2,198 8,178 588 3,182 421 678 245 283 852 308 160 274 251 936 162 19 5 164 2 4 301 16 13 13 21 47 383 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 l o a n s Loans t o banks Other l o a n s 3,938 312 639 275 60 23 1,605 125 494 191 26 19 251 7 22 104 12 3 150 3 6 478 33 44 178 5 5 79 4 1 518 1,173 53 1,545 23 81 1 125 242 205 42 469 31 55 1 98 26 171 3 198 15 38 1 72 11 31 1 81 79 104 7 8 114 14 51 3 52 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 494 2,138 5,901 2,274 3,355 1 61 334 55 130 208 869 2,341 1,227 1,348 — — 39 326 98 280 20 221 597 112 290 178 135 51 65 9 31 101 64 91 219 430 949 288 489 2 49 155 68 102 33 114 28 44 Reserve w i t h F. R. bank Cash i n v a u l t Balances with domestic banks Other a s s e t s - n e t 9,116 443 2,838 1,237 426 140 149 80 5,467 78 180 453 366 17 184 100 448 42 282 104 172 20 185 38 135 13 197 47 1,174 67 505 81 188 11 166 23 17,835 5,250 539 1,126 249 16 8,516 1,023 66 892 283 53 1,234 737 42 468 200 28 383 188 40 2,505 931 110 7,179 669 284 25 3,192 593 354 13 393 2 266 1 255 1 1,074 14 — 15 371 30 96 — — 61 10 , 25 1 52 — 47 176 2 82 111 61 134 29 50 79 45 55 4 95 659 177 327 89 7 124 17 180 15 312 23 120 11 256 30 351 22 298 241 463 191 22 286 119 2 519 143 23 452 136 30 991 1,050 107 296 143 1 405 218 299 19 — — 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. Gov't d e p o s i t s Inter-bank depositsl Domestic banks . Foreign banks Borrowings Other l i a b i l i t i e s CAPITAL ACCOUNTS 6 772 3,724 —— 21 243 6 352 1,605 — 13 223 —— 10 94 17 403 6 94 7 58 3 101 — 4 86 294 350
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