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STATEMENT FOE THE PEESS For immediate r e l e a s e B-SOU Federal Reserve Board August 5, 1935. CONDITION OF WEEKLY REPORTING MEMBER BANKS IN LEADING CITIES The Federal Reserve Board's condition statement of weekly r e p o r t i n g member "banks i n 91 leading c i t i e s on J u l y 31 shows decreases f o r the week of $211,000,000 in t o t a l loans and investments and $27,000,000 in net demand d e p o s i t s , and an i n crease of $166,000,000 i n reserve balances with Federal Reserve banks. Loans Q»!, s e c u r i t i e s to brokers and dealers in New York declined $29,000,000 a t r e p o r t i n g member banks i n the New York d i s t r i c t and $30,000,000 a t a l l r e p o r t i n g member banks; loans to brokers and d e a l e r s outside Hew York increased $3,000,000; and loans unf. s e c u r i t i e s to o t h e r s declined $7,000,000 in the New York d i s t r i c t and $3,000,000 a t a l l r e p o r t i n g member baaka. Eol&iaf?s of acceptances and commercial paper bought in open market declined $7,000,000 in the New York d i s t r i c t and $10,000,000 a t a l l reporc:'--:;; aorfcer ; r e a l e s t a t e loans showed l i t t l e change f o r the week; and "othe^ lc:v;: decllr.sd $$2,000,000 i n the New York d i s t r i c t , $10,000,000 in the Boston d i s t r i c t , ££,000,000 i n the Chicago d i s t r i c t and $77,000,000 a t a l l r e p o r t i n g member backs. Holdings of United S t a t e s Govsmner-t d i r e c t o b l i g a t i o n s declined $158,000,000 in the Nov York d i s t r i c t and increased, $45^000,000 i n the Chicago d i s t r i c t , a l l r e p o r t i n g metiber banks showing a net reduction of $127,000,000. Holdings of o b l i g a tions f u l l y guaranteed by the United S t a t e s Government increased $5,000,000, Holdings of o'fciier s e c u r i t i e s increased $14,000,000 i n the New York d i s t r i c t and $30,000,000 a t a l l r e p o r t i n g member banks. Licensed member banks formerly included in the condition statement of member banks in 101 leading c i t i e s , but not now included in the weekly statement, had t o t a l loans and investments of $1,302,000,000 and net demand, time and Government deposits of $1,524,000,000 on July 31, compared with $1,300,000,000 and $1,518,000,030, r e s p e c t i v e l y , on July 24. A summary of the 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 the r e p o r t i n g member banks, in 91 leading c i t i e s , t h a t are now included in the statement, together with changes f o r the week and the year ended J u l y 31, 1~35, follows: ( I n m i l l i o a s of d o l l a r s ) July -*1.1935 Increase or decrease since J u l y 24,1935 Aug. 1. 1934 Loans and investments - t o t a l 16,507 -211 ±Z4% Loans on s e c u r i t i e s - t o t a l To brokers and d e a l e r s : In New York Outside New York To o t h e r s , 3,9^7 -30 =221 825 163 1,979 -30 +3 -3 +13 Acceptances and commercial paper bought Loans on r o a l e s t a t e Other loans 291 949 3,120 -10) ~2) -77) U, S. 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.Govt, Other s e c u r i t i e s 7,380 892 2,908 -127 +5) +30) +5%9 Re servo %it&,F. R. banks Cash i n v a u l t 3,863 294 +166 . -3 +910 .+73 15,517 4,398 513 +2 *2,772 -90 -783 1,814 4,503 -2 +116 +252 +733 Net demand d e p o s i t s Time d e p o s i t s Government d e p o s i t s t>ue from banks Due to banks Borrowings from F, R, banks -4o4 -155 +702 -4 Federal Reserve Board August 1, 1935• For immediate r e l e a s e CONDITION 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 ) July 31 1915 J u l y 24 1935 Aug. 1 ,1934 NEW YORK Loans and investments - t o t a l 7.54s 7.785 Loans on s e c u r i t i e s - t o t a l To brokers and dealersS In New York Outside New York To others 1,590 1.628 793 822 $ 748 Acceptances and commercial paper bought Loans on r e a l e s t a t e Other loans 133 122 1,151 l4l) 123) 1,202) U. S. 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.Govt. Other s e c u r i t i e s 3,174 342 1,036 336) 1,025) Reserve with F . R, bank Cash i n v a u l t 2,122 44 Net demand d e p o s i t s Time deposits Government d e p o s i t s 7,701 % Due from banks Due to banks Borrowings from F , R. bank 7,191 667 53 851 1,529 2,903 1,188 1,367 38 7,668 IS 6,215 677 7* 96 1,893 65 1,612 -- —•- CHICAGO 1,735 1.690 1,469 Loans on s e c u r i t i e s - t o t a l To brokers and d e a l e r s : In New York Outside New York To others 196 193 S&7 Acceptances and commercial paper bought Loans on r e a l e s t a t e 0 ther loans 20 15 238 Ml 308 U . S . 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.Govt. Other s e c u r i t i e s 923 82 261 879 82) £57) 590 304 Reserve with F . R. bank Cash i n v a u l t 490 36 553 36 495 35 l,4ll 29 1,684 4l4 29 206 510 205 511 i§ Loans and investments - t b t a l Net demand d e p o s i t s Timo deposits Government d e p o s i t s Due from banks Due to banks 20, 4 165 20) £1 t Borrowings from F . R. bank " (B-8d4a) Tor immediate r e l e a s e PRINCIPAL ASSETS AED LIABILITIES 01 WEEKLY REPORTING HE2S3ER BAKIvS IN LEADING- CITIES, BY DISTRICTS, OH JULY 31, 1935 B-S04b ( I n m i l l i o n s of d o l l a r s ) I Total Boston ZPoderal ! F e l l a - Cleveland J^elpMa Hew Yor?c Reserve Rich- Atlanta Chicago mond District Minn- Kansas Dallas San St. Francisco Louis e a p o l i s City 18,507 1,152 8,403 1,093 1,232 350 333 2,l4l 545 346 583 410 1,919 Loans on s e c u r i t i e s - t o t a l To b r o k e r s and d e a l e r s : In Few York Outside Hew York To o t h e r s 2,967 187 1,767 179 163 49 42 231 57 32 47 42 171 825 I63 1,979 6 28 153 804 60 903 13 12 154 6 157 1 48 3 39 1 32 198 5 52 1 31 43 1 4l 11 160 Acceptances and commercial paper "bought Loans on r e a l e s t a t e Other loans 291 9% 3,120 37 88 272 136 23s 1,285 22 71 178 2 J2 149 6 16 75 3 12 108 29 30 307 9 37 93 6 5 106 20 13 112 2 24 107 19 343 328 U. S , Govt. 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.Govt. Other s e c u r i t i e s 7,380 892 2,908 378 17 173 3,377 377 1,223 291 77 275 628 29 189 121 26 57 96 20 52 1,143 92 309 il 91 % 44 227 1* 120 % 41 612 112 334 Reserve with J . R» banks Cash i n v a u l t 3,863 294 212 93 2,183 55 143 13 163 20 58 11 101 9 58 5 97 11 107 8 167 17 15,517 %,398 513 991 313 32 8,165 % 825 281 35 782 lj-70 25 13S 1,81% 4,503 112 207 181 2,106 145 255 129 197 —— — Loans and investments - t o t a l Ket demand d e p o s i t s Time d e p o s i t s Government d e p o s i t s Due from banks Due to banks Borrowings from F . R. banks 1 —— 1 2U5 — 3 i % 2 1 210 133 15 1,929 563 39 424 169 l4 265 518 157 11 359 122 19 804 953 50 89 98 303 619 96 184 90 89 244 292 142 145 185 205 — — — — ——
@FedFRASER