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STATEMENT FOR THE PRESS Fee to-edicts release Board of Governors of the Federal Reserve System August 9, 1937 Condition of Weekly Reporting: Member Batiks in 101 Leading Cities The condition statement of weekly reporting member banks in 101 wading cities shows the following principal changes for the week ended August At in increase of #124,000,000 in loans and a decrease of $38,000,000 in holdings of United Spates Government obligations; decreases of $156,000,000 in demand deposits-adjusted and $24,000,000 in time deposits, and an increase of 033,000,000 in Government deposits, and a- decrease of #142,000,000 in reserve balances with Federal Reserve banks. Commercial, industrial, and agricultural loans increased in nearly every dis trict following the recent sale of collateral trust notes by the Commodity Credit Corporation, the principal increases being $22,000,000 in the Chicago district, '513,000,000 in the Cleveland district and $11,000,000 in the St. Louis district and the total increase being $74,000,000. Loans to brokers and dealers in securities increased §34,000,000 at reporting banks in New York City and declined 5^x0,000,0JO at other reporting banks. Loans to banks increased §14,000,000 au repo-ting^D<jn s in New York City. "Other loans" increased $8,000,000 in the Chicago district, and $14,000,000 at all reporting member banks. . Holdings of United States Government direct obligations declined ^b,0U0,uuu in New York City and 838,000,000 at all reporting member banks. Holdings of "Other securities"increased $10,000,000. , Demand deposits-adjusted declined $95,000,000 in New York City, ^30,000,000 in the Chicago district, $12,000,000 in the Kansas City district and ^15b,000,000 at all reporting member banks. Time deposits declined $27,000,000 in New York City and $24,000,000 at all reporting member banks. Government deposits increased $15,000,000 at banks in New York City, $12,000,000 in the Chicago district and $33,000,000 at all reporting member banks. Deposits credited t^.domestic baiKs declined $21,000,000 in New York City and $10,000,000 in/Chicago/ and x«<5#eased somewhat in the other districts, all reporting member banks showing a net increase of $3,000,000 for the week. Borrowings of weekly reporting member banks amounted to $43,000,000 on August 4, an increase of $5,000,000 being reported by member banks in New York City. A summary of the principal assets and liabilities of the reporting member banks, together with changes for the week and the year ended August 4 9 j-937ffollows! (In millions of dollars) Increase or decrease since Aug. 4, Aug. 5, July 28 1936 A S S E T S Loans and investments - total Loans - total Commercial,industrial, and agricultural loans» On securities Otherwise secured and unsecured 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: On securities Otherwise secured and unsecured U. S. Government direct obligations Obligations fully guaranteed by U. S. Gov't Other securities Reserve with Federal Reserve banks Cash in vault Balances with domestic banks L I A B I L I T I E S Demand deposits-adjusted Time deposits U. S. Government deposits Interbank deposits: Domestic banks Foreign banks Borrowings "^Comparable figures not available. 22,378 9,908 +95 +124 584 3,915 462 1,387 702 +3 +71 1,162 164 714 818 -2 +24 +1 -1 +l4 -7 +21 —38 -1 8,245 1,187 3,038 5,089 287 1,691 -142 -24 -62 14,877 5,244 463 5,023 -156 -24 +33 +3 43 +11 601 +10 +33 +1,592 * * * +258 * +15 +105 * *• -1,197 —84 -278 +303 -81 -752 +196 +229 -359 -978 +184 +43 (B-804) STATEMENT FOR THE PRESS Board of Governors of the Federal Reserve System August 5, 1937 For immediate release ASSETS AND LIABILITIES OF WEEKLY REPORTING MEMBER BANKS IN CENTRAL RESERVE CITIES (in millions of dollars) Chicago New York Gil;y 19 3 6 19 3 7 19 3 6 19 3 7 Aug. 4 July 28 Aug. 5 Aug. 4 July 28 Aug. 5 A S S E T S Loans and investments — total 8,428 8,399 8,627 2,016 2,001 2,079 Loans - total 4,031 3,978 3,153 715 692 561 238 1,503 160 1,175 240 1,496 160 1,1-41 * 945 32 444 2,9 52 31 425 29 55 * * * 4o 272 134 124 272 134 110 * 76 14 2 * 133 29 75 14 2 228 197 240 185 * * 25 42 24 36 * U. S. Gov't obligations Obligations fully guaranteed by U. S. Gov't Other securities 2,978 3,004 3,863 907 917 1,124 446 973 451 966 491 1,120 100 100 292 92 302 Reserve with F. R. bank Cash in vault Balances with domestic banks Other assets - net 2,311 49 67 445 2,458 51 68 446 2,369 50 74 451 561 27 137 62 580 29 147 62 573 30 194 69 Commercial, industrial, and agricultural loansl On securities Otherwise secured & unsecured Open market paper Loans to brokers and dealers Other loans for purchasing or carrying securities Real estate loans Loans to banks Other loans: On securities Otherwise secured & unsecured •* * 294 15 5 * 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 5,978 732 239 6,073 759 224 6,195 573 191 1,508 454 42 1,521 453 32 1,507 434 101 1,897 555 1,918 553 2,460 381 532 7 548 7 652 6 Borrowings Other liabilities Capital account 29 388 1,482 25 396 1,474 2 17 241 •— — — 344 1,427 — 18 240 22 223 ^Comparable figures not available. (B-804a) ASSETS AND LIABILITIES CP WEEKLY REPORTING MEMBER BANKS IN 101 LEADING CITIES ON AUGUST 4, 1937 Total All Boston districts A S S E T S Loans and investments - total 22,378 Loans - total 9,908 Commercial, industrial, and agricultural loanst On securities 584 Otherwise secured & unsecured 3,915 Open market paper 462 Loans to brokers and dealers in securities 1,387 Other loans for purchasing or carrying securities 702 Real estate loans 1,162 Loans to banks 164 Other loans! On securities 714 Otherwise secured & unsecured 818 U. S. Gov , t obligations 8,245 1,187 Obligations fully guaranteed by U.S.Gov't Other securities 3,038 Reserve with F. R. bank 5,089 Cash in vault 287 Balances with domestic banks 1,691 Other assets - net 1,262 LIABILITIES •Demand deposits — adjusted Time deposits T J. S. Gov't deposits Inter-bank deposits: Domestic banks Foreign banks Borrowings Other liabilities Capital account Hew York Federal Reserve Districts St. Phila- Cleve- Rich- Atlanta Chicago delphia land mond Louis Minneapolis B-804b Kansas Dallas San City Franci sco 1,317 706 9,303 4,474 1,183 471 1,899 711 634 239 545 264 3,087 1,037 672 305 393 170 729 289 500 227 2,116 1,015 39 276 94 42 251 1,616 176 1,188 44 165 25 28 43 244 19 22 14 91 10 4 11 122 4 7 50 582 53 60 54 130 11 6 9 77 7 2 19 162 26 4 13 129 4 3 37 321 33 a 37 85 5 353 242 125 38 60 3 38 178 3 20 16 26 7 92 82 6 13 45 8 9 6 15 21 1 56 368 2 67 261 61 262 443 3,198 489 2.4 144 1,142 254 2,436 65 31 88 l4i 83 517 49 59 330 100 282 243 15 125 87 121 43 854 65 269 340 36 163 106 30 38 294 34 67 130 17 109 4l 25 46 172 32 77 104 11 98 39 47 65 1,432 183 435 774 57 300 93 12 26 219 47 101 825 283 18 1,108 727 15 424 200 11 339 180 11 2,260 274 5 1 19 228 331 1 182 170 1 3 5 88 736 8 14,877 5,244 463 970 280 35 6,506 5,023 601 43 853 3,603 212 11 1 29 235 1,970 557 36 4oo 1,132 246 1,615 — — • 17 345 29 3 — — — 23 91 866 57 9 51 167 12 44 83 5 70 17 14 28 265 48 127 166 11 193 23 9 32 194 28 51 112 10 1.4o 26 70 107 677 125 299 315 19 185 207 393 184 7 272 121 484 144 8 393 121 16 903 1,006 37 237 109 1 393 173 1 236 16 132 10 79 23 — 2 20 362 — 15 20 1. 2 — — — — 8 87 — — 7 56 3 90 4 80 318 326
@FedFRASER