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STATEMENT FOR THE PRESS Form FFH284 For immediate release Board of Governors of the Federal Reserve System August 8, 1938 Condition of Weekly Reporting Member Banks In 101 Leading Cities The condition statement of weekly reporting member banks in 101 leading cities shows the following principal changes for the week ended August 3' Decreases of $209,000,000 in demand deposits-adjusted, an increase of $77,000,000 in deposits credited to domestic banks, and a decrease of $105,000,000 in reserve balances with Federal Reserve banks. Commercial, industrial and agricultural loans declined $7,000,000 in New York City and #4,000,000 at all reporting member banks. Loans to brokers and dealers InoasSctsod$7,000,000. "Other loans" increased $8,000,000, Holdings of United States Government direct obligations declined $4,000,000. Holdings of obligations fully guaranteed by the United States Government increased $6,000,000. Holdings of "Other securities" declined $2,000,000* Demand deposits—adjusted declined in nearly all districts, the principal decreases being $90,000,000 in New York City, $38,000,000 in the Chicago district, and $28,000,000 in the San Francisco district, and the aggregate net decrease $209,000,000. Time deposits declined $7,000,000 and Government deposits $5,000,000. Deposits credited to domestic banks increased in nearly all districts, the principal increases being $12,000,000 in New York City, $14,000,000 in the Chicago district, and $11,000,000 in the St. Louis district, and the aggregate increase $77,000,000. ' Borrowings of weekly reporting member banks amounted to $5>000,000 on August 3« A summary of the principal assets and liabilities of reporting member banks, together with changes for the week and the year ended August 3, 1938, follows i (in millions of dollars) ^ Increase or decrease since Aug. Aug. 4, July 27, 1937 1938 ASSETS -1,818 +4 Loans and Investments - total 20,560 Loans — total Commercial, industrial, and agricultural loans Open market paper Loans to brokers and dealers in securities Other loans for purchasing or carrying securities Real estate loans Loans to banks Other loans 8,165 3>865 33& 602 574 1,161 111 1,516 +4 -4 +2 +7 -3 -1 "5 +8 -1,743 -634 -126 -785 -128 -1 -53 -16 U. S. Government direct obligations Obligations fully guaranteed by U. 8. Gov't Other securities 7,655 1,646 3*094 -4 +6 -2 -587 +456 +56 Reserve with Federal Reserve banks Cash in vault Balances with domestic banks 6,570 378 2,399 -105 -27 -24 +1,481 +91 +708 14,951 5,193 4?6 -209 -7 —5 +74 -51 -27 5,927 309 5 +77 +6 +904 -292 -38 LIABILITIES Demand deposits - adjusted Time deposits U. S. Government deposits Inter-bank deposits t Domestic banks Foreign banks Borrowings Form Fft-28^r*a STATEMENT FOR THE PRESS Board of Governors of the Federal Reserve System August 4, 1938 For immediate release ASSETS AND LIABILITIES OF WEEKLY REPORTING MEMBER BANKS IN CENTRAL RESERVE CITIES (In millions of dollars) Chicago 19 3 8 1 9 37 Aug* 4 & c°\ 1 i New York City 19 3 8 1 9 37 Aug. 3 July 27 Aug, 4 ASSETS Loans and Investments — total 7,488 7,490 8,428 1,832 1,827 2,016 Loans — total 2,877 2,879 4,031 516 513 715 1,443 132 474 1,450 131 469 l,74l 160 1,175 338 20 26 338 18 25 476 29 52 192 118 83 435 193 118 88 430 272 134 124 425 68 12 68 12 52 52 75 l4 2 67 U, S, Gov,t obligations Obligations fully guaranteed by U. S. Gov't Other securities 2,778 2,787 2,978 872 871 907 781 1,052 770 1,054 446 973 128 316 128 315 100 294 Reserve with F* R* bank Cash in vault Balances with domestic banks Other assets — net 3,313 48 69 494 3,386 52 70 492 2,311 49 67 445 896 33 208 52 934 34 208 51 561 27 137 62 6,188 637 105 6,278 645 104 5,978 732 239 1,529 464 62 1,560 464 67 1,508 454 42 2,436 270 2,424 265 1,897 555 696 7 692 7 532 7 29 388 1,482 — — — 2 17 241 Commercial, industrial 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 LIABILITIES Demand deposits - adjusted Time deposits U. 8. Gov*t deposits Inter-bank deposits t Domestic banks Foreign banks Borrowings Other liabilities Capital account — — 295 1,481 *"* 297 1,477 - 15 248 17 247 Form FR-2B4—b ASSETS AND LIABILITIES OF WEEKLY REPORTING MEMBER BANKS IN 101 LEADING CITIES ON AUGUST 3, 1938 D i str i ct Federal Reserve Total San Kansas St. MinneRichAll Boston New Phila- Cleve- mond Atlanta Chicago Louis apolis City Dallas Francisco York delphia land districts ASSETS Loans and Investments - total 8,305 1,135 1,768 606 556 2,842 652 355 622 487 2,129 3,270 418 664 230 288 819 286 153 245 227 985 267 63 21 1,557 142 480 191 19 16 254 11 21 100 10 3 156 3 6 •465 34 29 177 5 5 71 5 1 151 17 3 143 2 2 333 25 15 31 82 3 113 261 222 83 525 34 59 2 97 37 172 2 167 16 32 1 68 15 28 6 74 79 92 4 116 13 48 6 32 7 6 63 12 22 1 39 14 21 1 44 55 377 2 178 7,655 1,646 3,094 364 31 128 2,993 831 1,211 340 95 282 741 97 266 282 33 61 142 43 83 1,345 224 454 205 64 97 148 14 4o 210 46 121 171 38 51 714 130 300 6,570 378 2,399 1,275 356 122 i4o 74 3,452 63 159 567 234 16 154 82 361 35 279 104 148 17 134 35 96 11 124 38 1,110 60 429 83 167 10 124 23 73 5 123 17 150 11 295 22 102 ID 211 2(5 321 18 227 204 14,951 5,193 436 1,027 259 8 6,705 1,029 113 766 292 20 1,054 746 18 410 199 13 333 I83 23 2,236 4o4 186 15 263 119 2 474 l44 18 402 132 25 877 1,030 92 5,927 309 233 9 2,507 272 298 5 350 1 203 190 1 922 8 276 126 1 367 191 — —» 264 12 5 712 3,649 19 240 15 225 17 361 22 93 5 90 19 376 6 1,103 8,165 Loans — total Commercial, industrial, and 3,865 agricultural loans 336 Open market paper 602 Loans to brokers and dealers in securities Other loans for purchasing or carrying securities Real estate loans Loans to banks Other loans 580 U. S. Gov't obligations Obligations fully guaranteed by U.S.GovH Other securities Reserve with F. R, bank Cash in vault Balances with domestic banks Other assets — net H 20,560 H LIABILITIES Demand deposits-adjusted Tine deposits U. S. Gov't deposits Inter-bank deposits* Domestic banks Foreign banks Borrowings Other liabilities Capital account 5 305 1,610 874 89 89 6 56 d —» 4 82 291 333
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