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Form FR-284 For immediate release STATEMENT FOR THE PRESS Board of Governors of the Federal Reserve System December 13, 1937 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 December 8s Increases of $108,000,000 in total loans and investments, $70,000,000 in loans to brokers and dealers in securities, $50,000,000 in holdings of United States Government direct obligations, $95,000,000 in demand deposits-adjusted, and $36,000,000 in vault cash; and decreases of $83,000,000 in reserve balances with Federal Reserve banks, $66,000,000 in balances with domestic banks, $51,000,000 in time deposits, and $64,000,000 in deposits credited to domestic banks. Commercial, industrial and agricultural loans decreased $9,000,000 in New York City and at all reporting member banks. Loans to brokers and dealers in securities increased $60,000,000 in New York City, $5,000,000 in the Chicago district and $70,000,000 at all reporting member banks. Holdings of United States Government direct obligations increased $59,000,000 in New York City and $9,000,000 in the Richmond district, and declined $8,000,000 in the Cleveland district and $7,000,000 in the Chicago district, all reporting member banks showing a net increase of $50,000,000 for the week. Holdings of obligations fully guaranteed by the United States Government declined $11,000,000 in New York City and $16,000,000 at all reporting member banks. Holdings of "Other securities" increased $6,000,000 during the week. Demand deposits-adjusted increased $115,000,000 in New York City, $18,000,000 in the Boston district and *£5,000,000 at all reporting member banks, and declined $33,000,000 in the San Francisco district and $11,000,000 in the Kansas City district. Time deposits declined 060,000,000 in New York City and $51,000,000 at all reporting member banks, and increased $13,000,000 in the San Francisco district. Deposits credited to domestic banks declined $49,000,000 in New York City and $64,000,000 at all reporting member banks. Deposits credited to foreign banks declined $10,000,000 in New York City. Borrowings of weekly reporting member banks increased 87,000,000 during the week to $13,000,000. A summary of the principal assets and liabilities of the reporting member banks, together with changes for the week and the year ended December 8, 1937, follows« (In millions of do I.lars) Increase or decrease since Dec. Dec. 1, Dec. 9, 8, 1936 1937 1937 A S S E T S +108 -1,105 21,489 Loans and Investments — total +68 Loans - total +597 9,509 Commercial,industrial, and agricultural loanst * On securities 576 -3 * -6 Otherwise secured and unsecured 4,052 * +1 476 Open market paper +70 —304 946 Loans to brokers and dealers in securities * +4 Other loans for purchasing or carrying securities 654 +l4 +1 1,168 Real estate loans +21 +9 Loans to banks 77 * Other loansi On securities 735 -3 * Otherwise secured and unsecured 825 -5 8,013 +50 -1,179 U. S. Government direct obligations —144 —16 1,102 Obligations fully guaranteed by U.S.Gov't +6 -379 2,865 Other securities -26 -83 Reserve with Federal Reserve banks 5,291 -96 +36 Cash in vault 340 —66 —654 1,803 Balances with domestic banks L I A B I L I T I E S -781 +95 Demand deposits-adjusted 14,707 +133 -51 Time deposits 5,183 4-1 417 U. S. Government deposits -33 —64 -1,222 4,996 Inter-bank deposits: Domestic banks 408 -10 -39 Foreign banks +7 +13 13 Borrowings *Comparable figures not available. P o m FR-284-a STATEMENT FOR THE PRESS Board of Governors of the Federal Reserve System December 9, 1937 For immediate release ASSETS AND LIABILITIES OF WEEKLY REPORTING MEMBER BANKS IN CENTRAL RESERVE CITIES (In millions of dollars) Chicago Now York City 1 936 19 3 6 19 3 7 19 3 7 Dec. 8 Dec. 1 Dec. 9 Dec. 8 Dec. 1 Dec. 9 A S S E T S Loans and Investments — Total 7,927 7,819 8,745 1,920 1,919 2,078 Loans - Total 3,590 3,534 3,515 665 659 601 233 1,568 191 770 235 1,575 191 710 * * * 31 *• 232 151 38 Commercial,industrial, and agricultural loanst 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 1,059 1+1+ 31 410 29 39 229 131 30 * 77 13 2 * 130 25 77 13 2 237 190 237 196 * * 21 36 22 36 * * U. S. Gov't obligations Obligations fully guaranteed by U. S. Gov't Other securities 3,01,9 2,990 3,722 899 904 1,115 361+ 921+ 375 920 454 1,054 100 100 256 256 97 265 Reserve with F. R. bank Cash in vault Balances with domestic banks Other assets - net 2,1+51 56 66 li77 2,543 52 76 483 2,486 61 79 487 608# 31 159 63 607 29 161 62 627 39 189 81 1+11 30 * * 39 14 6 L I A B I L I T I E S Demand deposits - adjusted Time deposits U. S. Gov't deposits Inter-bank depositst Domestic banks Foreign banks 5,917 662 228 5,802 722 228 6,387 605 83 1,1+86 b5b 1+5 1,480 4 53 45 1,609 438 47 1,936 370 1,985 380 2,501 409 523 6 529 6 652 5 Borrowings Other liabilities Capital account 7 . 571+ l,li83 373 1,483 1,452 4a 19 21+8 18 247 237 26 ^Comparable figures not available. Form FR-284—b ASSETS AND LIABILITIES OF WEEKLY REPORTING MEMBER BANKS IN 101 LEADING CITIES ON DECEMBER 8, 1937 (in millions of dollars) Total All districts ASSETS 21,489 Loans and Investments - total 9,509 Loans - total Commercial,industrial, and agricultural loans: 576 On securities 4,052 Otherwise secured & unsecured 476 Open market paper 946 Loans to brokers and dealers in securities Other loans for purchasing or 654 carrying securities 1,168 Real estate loans 77 Loans to banks Other loansi 735 On securities 825 Otherwise secured and unsecured 8,013 U. S. Gov't obligations Obligations fully guaranteed by U.S.Gov't 1,102 2,865 Other securities 5,291 Reserve with F. R. bank 340 Cash in vault 1,803 Balances with domestic banks 1,307 Other assets - net L I A B I L I T I E S 14,707 Demand deposits—adjusted 5,183 Tine deposits 4-17 U» S. Gov't deposits Inter-bank deposits: 4,996 Domestic banks 408 Foreign banks 13 Borrowings 872 Other liabilities 3,634 Capital account Federal Reserve District San St. Minne- Kansas Dallas CleveRichAtlanta Chicago Boston New PhilaCity Francisco Louis apolis York delphia land mond 1,222 662 8,794 1,126 1,844 720 4,034 459 633 252 556 293 2,970 1,001 654 322 392 185 679 280 508 252 2,111 1,049 35 271 82 32 247 1,692 202 781 44 165 22 20 43 250 18 23 15 98 15 4 12 145 4 6 50 559 53 50 49 146 10 5 11 82 7 1 18 158 23 4 11 149 3 4 4l 337 37 16 35 84 6 309 239 39 36 59 2 4o 176 6 19 30 2 15 27 3 91 86 5 13 47 9 9 6 13 20 1 15 21 1 59 373 3 62 55 410 23 127 306 38 109 80 269 256 3,263 410 1,087 2,579 75 l4l 565 50 61 310 93 264 217 21 122 88 121 43 803 61 260 330 42 173 108 30 39 272 43 66 135 20 123 39 27 54 153 33 77 101 11 94 38 46 61 1,389 187 393 810 68 313 95 12 31 194 44 94 142 11 94 23 13 56 151 14 42 75 6 77 17 15 28 238 46 115 165 13 191 23 10 38 179 27 50 112 12 164 29 80 103 651 121 2.90 319 23 202 202 999 270 18 6,469 1,068 235 776 1,066 738 275 8 9 4l6 193 6 321 184 11 2,212 871 61 4ll 183 4 265 121 2 478 145 11 402 127 16 892 1,008 36 195 9 1 26 237 2,000 371 7 387 1,617 260 3 216 186 1 2 6 89 712 7 228 113 1 342 190 1 245 14 — — — — 24 228 309 1 3 21 350 — — 26 93 — 23 370 — — — — 8 90 — — 8 57 — — — — 3 92 — 7 82 -* 333 329
@FedFRASER