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Form FTH284 STATEMENT FOR THE PRESS For immediate r e l e a s e Board of Governors of the Federal Reserve System August 29, 1938 Condition of Weekly Reporting Member Banks i n 101 Leading C i t i e s k l |l The condition statement of weekly reporting member banks i n 101 leading c i t i e s shows t h e following p r i n c i p a l changes f o r the week ended August 241 A decrease of $10,000,000 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 increases of $50,000,000 i n holdings of United S t a t e s Government d i r e c t obligations and $25,000,000 i n obligations f u l l y guaranteed by t h e United S t a t e s Government; an i n crease of $19^,000,000 i n demand deposits-adjusted and a decrease of $78,000,000 i n deposits credited t o domestic banks; and an increase of $71,000,000 i n reserve balances with Federal Reserve 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 increased $10,000,000 i n New York City, and declined $7,000,000 i n the Chicago d i s t r i c t , $4,000,000 i n the Boston d i s t r i c t and $10,000,000 at a l l reporting member banks. Other c l a s s e s of loans showed l i t t l e change f o r the week. 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 increased $39,000,000 i n New York City and $50,000,000 at a l l reporting member banks. Holdings of o b l i gations f u l l y guaranteed by the United S t a t e s Government increased $24,000,000 in New York City and $25,000,000 at a l l reporting member banks. Holdings of "Other s e c u r i t i e s " increased $5,000,000 i n the Cleveland d i s t r i c t and $12,000,000 at a l l reporting member banks. Demand d e p o s i t s - a d j u s t e d increased $118,000,000 i n New York City, $38,000,000 i n the Chicago d i s t r i c t , $22,000,000 i n the Cleveland d i s t r i c t . and $194,000,000 a t a l l reporting member banks. Time deposits increased $2,000,000. Government deposits declined $4,000,000, Deposits credited t o domestic banks declined $29,000,000 i n New York City, $14,000,000 i n t h e Chicago d i s t r i c t , $12,000,000 i n the Philadelphia d i s t r i c t and $78,000,000 at a l l reporting member banks. Weekly reporting member banks reported no borrowings on August 24. 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 reporting member banks, together with changes f o r t h e week and the year ended August 24, 1938, follows* (in millions of d o l l a r s ) Increase or decrease since *2r, Aug. 17, Aug, 25, 1938 1938 1937 ASSETS Loans and Investments — t o t a l +81 -1,602 20,713 Loans - t o t a l GoUttiQrcial, 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 in 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 8,217 3,890 335 -6 580 1,158 114 1,504 -10 -2 +4 +2 -2 -1 +3 -1,741 -716 -132 -719 -113 -6 -24 -31 U. 8. Government d i r e c 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 7,724 1,653 3,119 +50 +25 +12 -508 +519 +128 Reserve with Federal Reserve banks Cash i n v a u l t Balances with domestic banks 6,639 396 2,419 +71 +l4 -18 +1,448 +94 +765 15,214 5,217 421 +194 +2 -4 +264 —65 —148 5,875 325 -78 +5 -1 +974 -248 -21 636 L I A B I L I T I E S Demand deposits—adjusted Time deposits U. S. Government deposits Inter-bank deposits I Domestic banks Foreign banks Borrowings — Form FR-284-a STATEMENT FOR THE PRESS Board of Governors of the Federal Reserve System August 25, 1938 For immediate r e l e a s e ii ASSETS AIH) LIABILITIES OF WEEKLY REPORTING MEMBER BANKS Iii CENTRAL RESERVE CITIES (in millions of d o l l a r s ) 5 1 1 New York Ciity 19 3 7 19 3 8 Aug. 25 ?! ' Chicago 1 9 3 7 19 3 8 Aug. 25 ASSETS Loans and Investments - t o t a l 8,340 1,847 1,848 2,010 Loans — t o t a l 4,036 526 527 707 342 19 32 3^7 20 28 474 30 52 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 d e a l e r 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 1,480 132 507 1,470 133 508 1,801 198 118 87 429 196 118 89 428 267 134 102 429 68 12 68 12 53 52 75 14 2 60 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 2,820 2,781 2,940 874 875 923 797 1,045 773 1,046 398 127 320 127 319 100 280 Reserve with F. R. bank Cash i n vault Balances with domestic banks Other a s s e t s - net 3,375 51 69 478 3,339 50 70 483 2,408 50 65 454 873 34 209 52 856 32 212 51 583 26 124 63 6,342 659 104 6,224 660 104 6,049 732 317 1,552 464 47 1,526 464 52 1,526 448 55 2,424 282 2,453 279 1,829 524 680 6 686 6 512 7 282 1,482 9 378 1,479 16 250 15 250 17 241 I63 1,140 966 L I A B I L I T I E S Demand deposits - adjusted Time deposits U, S. Gov't deposits Interbank deposits; Domestic banks Foreign banks Borrowings Other l i a b i l i t i e s Capital account 292 1,483 Form FB-284-b - ASSETS AND LIABILITIES OF WEEKLY REPORTING "MEMBER' BANKS IN 101 LEADING CITIES ON AUGUST 2 4 , 1 9 3 8 (in millions of d o l l a r s ) Di s t r i c t ft e s e r v e Fed e r a ] Total S t , MinneKansas Dallas RichCleveNew P h i l a All Atlanta Chicago Boston City apolis Louis York delphia land mond districts ASSETS Loans and Investments - t o t a l San Francisco 20,713 1,101 8,431 1,129 1,771 609 551 2,870 652 357 629 492 2,121 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 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 loans 8,217 580 3,339 413 659 228 280 832 283 155 244 227 972 3,890 335 636 267 62 22 1,591 143 512 192 20 16 253 11 21 99 11 3 152 3 6 467 34 35 174 5 4 72 5 1 150 16 4 143 2 2 330 23 10 580 1,158 ll4 1,504 31 82 3 113 267 221 88 517 34 58 :2 96 36 171 2 165 16 31 1 67 15 27 3 74 79 93 4 120 13 48 7 32 8 6 12 22 1 39 14 21 1 44 55 378 2 174 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 7,724 1,653 3,119 361 30 130 3,042 846 1,204 334 94 283 749 91 272 284 34 63 144 43 84 1,352 226 460 212 58 99 149 P 4o 211 49 125 172 4l 52 714 128 307 Reserve with F. R. bank Cash i n v a u l t Balances with domestic banks Other a s s e t s — net 6,639 396 2,419 1,262 356 124 131 73 3,516 67 158 551 223 16 155 83 384 37 261 105 147 18 150 34 101 12 139 39 1,076 62 424 84 166 11 133 23 73 6 127 16 162 12 284 22 100 11 215 25 335 20 242 207 15,214 5,217 421 1,022 258 8 6,866 1,054 112 751 1,067 746 294 18 20 418 199 13 341 186 23 2,267 874 75 417 186 15 264 119 2 492 144 18 407 132 25 902 1,025 92 5,875 325 226 11 2,493 204 293 6 213 194 1 895 7 271 130 1 357 191 1 26 5 13 — 63 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 —— 717 3,660 — — — —— 20 240 347 1 302 1,612 16 226 18 361 22 . 93 7 90 -mm — 19 379 6 90 — — 7 56 3 95 —— 4 83 293 335
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