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Form FRr-284 STATEMENT FOR THE PRESS For immediate r e l e a s e Board of Governors of the Federal Reserve System December 12, 1938 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 December 7s Increases f o r the week of $15,000,000 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, $126,000,000 i n loans t o brokers and dealers i n s e c u r i t i e s , $101,000,000 i n demand deposits—adjusted, and $86,000,000 i n deposits credited t o 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 $5,000,000 each i n the Chicago and San Francisco d i s t r i c t s and $15,000,000 at a l l reporting member banks. Loans to brokers and d e a l e r s i n s e c u r i t i e s increased $116,000,000 i n New York City and $126,000,000 at a l l reporting member banks* 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 $10,000,000 i n New York City, and declined $16,000,000 i n the Cleveland d i s t r i c t , $7,000,000 i n the Boston d i s t r i c t , $6,000,000 i n t h e Dallas d i s t r i c t and $19,000,000 at a l l reporting member banks. Holdings of o b l i g a t i o n s f u l l y guaranteed by the United S t a t e s Government increased $3,000,000# Holdings of "Other s e c u r i t i e s " increased $9,000,000 i n New York City, and declined $2,000,000 a t a l l reporting member banks# Demand deposits—adjusted increased $97,000,000 i n New York City, $11,000,000 in the Chicago d i s t r i c t and $101,000,000 at a l l reporting member banks, and declined $12,000,000 i n the S t . Louis d i s t r i c t # Deposits credited t o domestic banks increased $>4,000,000 i n New York City, $12,000,000 i n the Richmond d i s t r i c t , $9,000,000 i n the Boston d i s t r i c t and $86,000,000 a t a l l reporting member banks* Deposits credited t o foreign banks declined $19,000,000 i n New York City and $16,000,000 at a l l reporting member banks. Borrowings of weekly reporting member banks amounted to $1,000,000 on December 7* 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 December 7 , 1938; followst (in millions of dollays) Increase or decrease since __ Dec. 8, Nov. 30, 1937 1938 A S S E T S Loans and Investments - t o t a l 21,4-50 + 125 39 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 to 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 to banks Other loans 8,460 3,881 336 + 143 + 15 2 571 1,165 124 1,545 + + 1 4 7 2 U. S.Government d i r e c t obligations Obligations f u l l y guaranteed by U. S. GovH Other s e c u r i t i e s 8,087 1,685 - 19 3,218 - 2 Reserve with Federal Reserve banks Cash i n v a u l t Balances with domestic banks 7,395 458 2,487 838 + 126 + 3 + 58 + 15 + 27 - 1,049 747 - l4o 108 83 + 3 47 15 + + + 74 583 353 + 2,104 + 118 + 684 L I A B I L I T I E Demand deposits—adjusted Time deposits U. S» Government deposits Interbank deposits: Domestic banks Foreign banks Borrowings 16,114 5,127 533 6,298 492 1 — 101 3 1 + - 86 16 + — + - + + - 1,407 56 116 1,302 84 12 Porn FR-284-a STATEMENT FOR THE PRESS Board of Governors of the Federal Reserve System December 8, 1938 r, . , _or immediate r e l e a s e ASSETS MID LIABILITIES OF WEEKLY REPORTING MEMBER BANKS IN CENTRAL RESERVE CITIES (in millions of d o l l a r s ) New York City Increase or Dec. decrease since 7, Nov. 30 Dec. 8 1938 1938 1937 Dec. 7, 193& Chicago Increase or decrease since Nov. 30 Dec. 8 1938 1937 A S S E T S Loans and Investments - t o t a l 7,814.6 +137 -81 1,906 + 6 Loans — t o t a l 3,080 +118 -510 525 + 7 - i4o 1,424 135 687 3A1 18 34 + + 2 1 4 — +116 -377 - 56 - 83 101 12 10 201 118 98 417 - 1 - 1 + 3 + 1 - 31 - 13 68 + 1 — + 60 - 10 — 52 4- 1 — U. S. Gov't obligations 2,863 Obligations f u l l y guaranteed by U. S.Gov't 809 Other s e c u r i t i e s 1,094 + 10 -186 939 - 3 4- Ao + 9 +170 +445 118 324 + + 1 1 + + 18 68 Reserve with F. R. bank Cash i n vault Balances with domestic banks Other a s s e t s — net + + - 14 +1,614 2 + 10 1 + 5 6 - 16 924 + + 8 + 1 316 5 54 11 +947 - 57 -113 1,635 •468 62 + 13 + 1 + + + 149 l4 17 + 34 - 19 +723 681 1 1 + + 158 4 - - 7 - 24 + 7 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 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 L I A B I L I T I E Demand deposits - adjusted Time deposits U, S.Gov't deposits Inter—bank deposits t Domestic banks Foreign banks Borrowings Other l i a b i l i t i e s Capital account 4,065 66 71 461 12 36 213 52 14 — + + 1 9 1 2 5 3 6,864 605 115 2,659 426 —— 350 1,490 + 97 + 1 — 1 + 8 —— 10 + 56 — 1 17 258 — + 2 10 Form FR—284—h ASSETS Aim LIABILITIES OF WEEKLY REPORTING MEMBER BAITKS 111 101 LEADING CITIES Oil DECEMBER 7, 1938 (in P i l l i o n s of d o l l a r s ) Di s t r i e t F e d r a 1 R s e r v e Total Minne- Kansas 1 1 ew P h i l a - Cleve- Rich- Atlanta Chicago S t . All Dallas City Louis a p o l i s d i s t r i c t s Boston York delphia land mond San Francisco A S S E T S 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 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 S. GovH obligations Obligations f u l l y guaranteed by U.S,Gov*t - Other s e c u r i t i e s Reserve with F. R. bank Cash i n vault Balances with domestic banks Other a s s e t s - net 21,4-50 1,144 8,692 1,152 1,804 674 600 2,976 705 378 650 526 2,149 8,460 585 3,460 423 643 240 313 833 318 162 254 241 988 3,881 336 838 258 1,532 68 143 28 693 183 23 19 231 10 25 108 10 3 171 3 7 471 34 38 194 3 6 81 4 1 154 17 4 159 1 2 339 20 12 571 1,165 124 1,545 32 82 3 114 269 220 98 505 33 58 2 105 31 170 2 174 16 32 4 67 16 29 1 86 79 94 4 113 13 48 8 46 7 7 13 20 62 12 23 1 43 46 50 382 1 184 8,087 1,685 3,218 399 3,106 868 31 129 1,258 348 93 288 789 94 278 326 4l 67 158 42 87 1,444 468 231 227 61 99 160 15 4l 217 52 127 187 42 56 726 115 320 7,395 458 2,487 1,297 335 142 136 75 4,194 85 169 570 236 394 43 284 107 150 20 154 37 105 12 l4l 4o 1,131 70 4oi 85 161 12 122 23 75 7 115 16 166 13 273 22 108 11 221 27 340 23 302 211 775 1,127 285 734 29 38 437 195 21 350 184 35 2,354 886 100 448 185 17 282 118 2 496 142 21 417 133 31 943 1,022 101 257 230 1 904 10 275 123 1 365 221 287 17 7 91 388 3 97 7 84 323 332 20 169 84 — ™ L I A B I L I T I E S Demand deposits-adjusted Time deposits U.S. Gov** deposits Inter-bank depositsi Domestic banks Foreign banks Borrowings Other l i a b i l i t i e s Capital account 16,114 5,127 533 6,298 492 1 839 3,683 1,036 7,449 250 993 128 10 2,731 428 310 9 348 3 1 24 361 242 1,619 18 226 29 362 247 23 — —• — — — 31 94 21 7 91 8 57
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