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Form FR-284 STATEMENT FOR THE PRESS For immediate r e l e a s e Board of Governors of the Federal Reserve System August 7, 1939 Condition of Weekly Reporting Member Banks i n 101 Leading C i t i e s The condition statement of weekly reporting member banks i n 101 leading c i t i e s shows the following p r i n c i p a l changes f o r the week ended August 2j A net decrease of $12,000,000 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 loans and a decrease of $26,000,000 i n loans t o brokers and dealers i n s e c u r i t i e s ; increases of $73,000,000 i n holdings of o b l i g a t i o n s guaranteed by the United S t a t e s Government and of $63,000,000 i n holdings of "Other s e c u r i t i e s " ; a decrease of $139,000,000 i n demand deposits—adjusted and an increase of $216,000,000 i n deposits credited to 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 increased $24,000,000 i n New York City and declined $24,000,000 i n the Chicago d i s t r i c t , $16,000,000 i n the Atlanta d i s t r i c t and $12,000,000 at a l l reporting member banks. Decreases 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 loans during the week r e f l e c t purchases of commodity loans from banks by the Commodity Credit Corporation. Loans t o brokers and dealers i n s e c u r i t i e s declined $22,000,000 i n New York City and $26,000,000 a t a l l r e p o r t ing member banks. Holdings of United S t a t e s Treasury b i l l s increased $47,000,000 i n New York City and declined $39,000,000 i n the Chicago d i s t r i c t , a l l reporting member banks showing a net increase of $8,000,000. Holdings of Treasury notes declined $5,000,000* Holdings of United S t a t e s Government bonds declined $2,000,000. Holdings of o b l i gations guaranteed by the United S t a t e s Government increased $21,000,000 i n New York City, $16,000,000 i n the Chicago d i s t r i c t , $11,000,000 i n the San Francisco d i s t r i c t , and $73,000,000 at a l l reporting member banks. Holdings of "Other secur i t i e s " increased $57,000,000 i n New York City, $10,000,000 i n the Philadelphia d i s t r i c t and $63,000,000 at a l l reporting member banks. Demand deposits-adjusted declined $89,000,000 i n New York City, $67,000,000 i n the Chicago d i s t r i c t and $139,000,000 at a l l reporting member banks, and increased $29,000,000 i n the Philadelphia d i s t r i c t . Deposits credited t o domestic banks increased $95,000,000 i n New York City, $67,000,000 i n the Chicago d i s t r i c t , $13,000,000 each i n the Atlanta and Kansas City d i s t r i c t s and $216,000,000 at a l l reporting member banks. Borrowings of weekly reporting member banks amounted t o $9,000,000 on August 2, 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 reporting member banks, together with changes f o r the week and the year ended August 2, 1939, follows: Aug. 2, 1939 ASSETS Loans and Investments - t o t a l 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 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 Treasury b i l l s Treasury notes U, S. bonds Obligations guaranteed by U.S.Gov 1 t Other s e c u r i t i e s 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 Demand deposits—adjusted Time deposits U. S, Government deposits Inter—bank deposits* Domestic banks Foreign banks Borrowings 22,244 8,166 3,887 313 6 55 526 1,168 74 1,543 473 2,132 5,910 2,241 3,322 8,684 424 2,793 Increase or decrease since July 26, Aug, 3, 1938 1939 +109 - 28 - 12 + 1 - 26 - 2 + 3 + 3 + 5 + 8) : 1) + 73 +1,684 + 1 + 22 + + + 23 53 48 7 37 27 + 860 + 63 — 66 - 24 + 48 + 595 + 228 +2,114 + 46 + 394 17,462 5,243 549 -139 + 6 4" 1 +2,511 + 50 + 113 7,012 623 9 +216 +1,085 + 31^ + 4 : i Form FR-284 STATEMENT FOR THE PRESS Board ojf Governors of the Federal Reserve System August 3, 1939 For immediate r e l e a s e ASSETS AND LIABILITIES OF WEEKLY REPORTING MEMBER BANKS IN CENTRAL RESERVE CITIES (in millions of d o l l a r s ) Chicago Increase or decrease since Aug. J u l y 26, Aug • 3, 2, 1938 1939 1939 New York City Increase or decrease since Aug. July 26, Aug . 3, 2, 1938 1939 1939 ASSETS - 30 + 279 540 - 7 4* 24 5 15 27 351 19 36 - 6 + 1 - 1 + 13 1 10 70 14 - + — 6 2 19 51 4- 423 206 240 650 - 37) - 2) + 4) 346 + 123 150 325 + 13 - 1 Loans and Investments-total 8,309 +127 + 821 2,111 Loans - t o t a l 2,806 + - 71 1,438 117 501 + 24 1 22 — 186 116 64 384 2 + 1 + 4 + 5 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 to brokers and dealers 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 to banks Other loans 9 — - - 1 1 — 4* 2 2 4- —'— — 2 50 Treasury b i l l s Treasury notes U. S. bonds Obligations guaranteed by U. S. Gov't Other s e c u r i t i e s 194 818 2,189 + 47) + 1) 8) 1,127 1,175 + 21 + 57 Reserve with F. R. banks Cash i n vault Balances with domestic banks Other a s s e t s - net 4,953 62 73 378 -119 1 5 + 6 +1,640 + 14 + 4 116 893 33 231 48 + + + 7,715 646 55 + 89 3 1 +1,527 + 9 50 1,680 495 63 + 2,987 545 + 95 1 + 551 + 275 788 12 4- — 36 1 6 1 4- 224 + 22 9 4— 3 4- 23 44- 151 31 1 44- 92 5 4 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 deposits U. S. Gov't deposits Inter-bank depositsi Domestic banks Foreign banks Borrowings Other l i a b i l i t i e s CAPITAL ACCOUNTS • • 346 1,481 — - — — 36 + 48 — 4- — — + 1 2 + 51 i ' 12 266 - 3 + 1 — 4- 3 18 Form FR—284-b ASSETS AND LIABILITIES OF WEEKLY REPORTING MEMBER BANKS IN 101 LEADING CITIES ON AUGUST 2, 1939 Total All Boston New York districts ASSETS Loans and Investments — t o t a l Reserve District federal Minne- Kansas Dallas P h i l a - Cleve- Rich- Atlanta Chicago S t . Louis apolis City delphia land mond San Francisco 22,244 1,166 9,136 1,147 1,902 677 581 3,194 694 377 661 513 2,196 8,166 586 3,160 420 672 246 289 854 318 158 271 254 938 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 dealers 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 3,887 313 6 55 270 62 26 1,546 124 506 189 26 21 244 7 24 105 11* 4 157 3 6 479 34 43 189 5 5 78 4 1 160 20 4 168 2 3 302 15 12 526 1,168 74 1,543 22 81 1 124 245 203 64 472 32 55 1 96 26 170 3 198 15 37 1 73 12 31 2 78 81 103 14 51 2 52 7 7 10 25 14 21 48 384 — — — 52 46 177 Treasury b i l l s Treasury notes U. S. bonds Obligations guaranteed by U.S. Gov*t Other s e c u r i t i e s 473 2,132 5,910 2,241 3,322 — 194 868 57 3AO 2,368 54 1,210 129 1,336 39 314 98 276 14 220 596 111 289 178 137 51 65 8 32 101 62 89 212 428 935 6 76 114 31 51 78 44 55 4 100 658 174 322 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 8,684 424 2,793 1,236 412 5,099 78 139 180 171 456 79 362 455 40 281 103 163 19 171 34 8,267 1,022 74 886 283 53 1,227 736 42 7,012 623 292 3,075 547 24 352 13 390 2 9 765 3,73-8 9 20 351 243 l , 6 o 4 —— — L I A B I L I T I E S Demand deposits—adjusted Time deposits U. S. Gov't deposits Inter—bank deposits $ Domestic banks Foreign banks Borrowings Other l i a b i l i t i e s CAPITAL ACCOUNTS 17,462 5,243 549 1,123 249 16 — 16 198 100 13 223 13 371 — - 114 — 61 482 4 49 154 67 102 34 115 27 43 135 12 177 47 1,142 61 499 81 179 10 158 24 89 6 124 17 I83 13 299 22 127 " 10 240 30 338 20 295 243 458 200 28 379 184 40 2,453 929 111 456 190 22 290 119 3 499 144 23 453 135 30 971 1,052 107 253 246 1 1,052 14 298 136 408 213 297 21 — —•— — — 16 402 6 93 — 283 — 29 96 9 93 1 6 58 60 134 3 101 4 85 295 349
@FedFRASER