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Form FR—284 STATEMENT FOR THE PRESS Board of Governors of the Federal Reserve System December 18, 1939 For immediate r e l e a s e 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 13$ Increases of $38,000,000 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 l o a n s , $168,000,000 i n loans to brokers and dealers i n s e c u r i t i e s , $167,000,000 i n Government bonds, and $157,000,000 i n demand d e p o s i t s - a d j u s t e d , and a decrease of $242,000,000 i n reserve balances with Federal Reserve 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 somewhat in most of the d i s t r i c t s , the p r i n c i p a l increases being $8,000,000 i n Hew York City and $9,000,000 in the Cleveland d i s t r i c t . Loans to brokers and dealers i n s e c u r i t i e s increased $131,000,000 i n Hew York City, $29,000,000 i n the Chicago d i s t r i c t and $168,000,000 at a l l reporting member banks. Holdings of United S t a t e s Treasury b i l l s and Treasury notes declined $13,000,000 and $15,000,000, r e s p e c t i v e l y . Holdings of United S t a t e s Government bonds increased i n a l l but one d i s t r i c t , the p r i n c i p a l increases being $57,000,000 i n Hew York City, $21,000,000 i n the Chicago d i s t r i c t , $20,000,000 i n the Cleveland d i s t r i c t and $18,000,000 i n the San Francisco d i s t r i c t . Demand deposits—adjusted increased i n a l l but one d i s t r i c t , the p r i n c i p a l increases being $31,000,000 i n Hew York City, $36,000,000 i n the Chicago d i s t r i c t , $20,000,000 in the Cleveland d i s t r i c t , $16,000,000 i n the Dallas d i s t r i c t and $15,000,000 i n the Richmond d i s t r i c t . Time deposits increased $14,000,000 i n the San Francisco d i s t r i c t and a t a l l reporting member banks. United S t a t e s Government deposits increased $22,000,000 i n the Chicago d i s t r i c t and $46,000,000 at a l l reporting member banks. Deposits credited to domestic banks increased $37,000,000 i n the Chicago d i s t r i c t and declined i n most of the other d i s t r i c t s , a net increase of $9,000,000 being shown f o r al1 reporting member banks. Deposits credited t o foreign banks increased $10,000,000 i n New York City. Borrowings of weekly reporting member banks amounted to $1,000,000 on December 13. A summary of the p r i n c i p a l assets 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 13,1939, follows $ Dec, 193^ 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 Loons 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 to banks Other loans 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 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 d e p o s i t s - a d j u s t e d Time deposits U. S. Government deposits Inter-bank d e p o s i t s : Domestic banks Foreign banks Borrowings Increase or decrease since Dec. 14, Dec, 6, 1938 1939 + 6 +168 + 1 +2,019 + 375 + 544 17 40 64 + 10 - 23,523 8,871 4,4l6 319 818 504 1,189 43 1,582 713 2,134 6,016 2,413 3>376 9,506 539 3>081 +361 +225 18,981 5,251 580 +157 + 14 + 46 +2,760 + 121 + 48' 7,946 745 1 9 10 +1,593 + 242 + 1 + 38 + 2 + + - 13) - 15) +167) - 2 - 1 -242 + 35 + 51 22 91 21 + 783 + + 717 144 +2,061 + 49 + 559 Form FR~284STATSLIENT FOR THE PRESS Board, of Governors of the Federal Reserve System December 14, 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 ) New York City Increase or Dec. decrease since Dec. 6, Dec. 14, 13, 1939 1938 1939 Dec. 13, 1939 Loans and Investments - t o t a l 9,228 +225 +1,352 2,055 + 21 + 139 Loans - t o t a l 3,165 +162 + 77 598 + 28 + 1,711 115 638 + 8 + 3 +131 + 303 20 57 390 19 57 + 1 + la + 1 + 20 24 6 77 42 14 66 - 11 1 Chicago Increase or decrease 3ince Dec. 6, Doc • 1-4 y 1939 1938 ASSETS Commercial, i n d u s t r i a l , a n d 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 175 113 34 379 + + + + — - 3 1 12 4 — - — - —— + 29 •• • - + —— 52 1 67 2 2 - 1 w 2 Treasury b i l l s Treasury notes U. S. bonds Obligations guaranteed by U. 8. Gov't Other s e c u r i t i e s 564 837 2,224 - 7) + 4) + 57) + 764 43 221 680 - 7) - 13) + 11) 1,229 1,209 + 7 + 2 + 403 + 108 173 340 + 2 Reserve with F. R. banks Cash i n vault Balances with domestic banks Other a s s e t s - net 5,244 94 90 373 -208 + 9 + 10 + 2 +1,143 + 17 + 13 — 84 1,186 46 256 49 + 25 + 3 + 14 + 251 + 8 + 46 5 8,447 662 49 + 31 + 4 - 1 +1.563 + 61 66 1,837 502 83 + 17 + 20 + 194 + 33 + 21 3,412 679 - 3 + 10 + 709 + 237 901 8 + 27 - 1 + 207 — •1 + 59 + •15 L I A B I L I T I E S Demand deposits-adjusted Time deposits S. Gov't deposits Inter-bank d e p o s i t s : Domestic banks Foreign banks Borrowings Other l i a b i l i t i e s CAPITAL ACCOUNTS w __ 299 1,481 . • 0 1 • 17 + 1 - 1 mm* - 2 1 • - 57 6 —— - - 1 14 Form FR-284-b ASSETS AND LIABILITIES OF WEEKLY REPORTING MEMBER BANKS IN 101 LEADING CITIES ON DECEMBER 13, 1939 Reserve District Federal MinnePhila- Cleve- Ri ch— Atlanta J Chicago St. Louis apolis delphia land mond Total All Sostonj^™ districts 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 i n s e c u r i t i e s Other loans for 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 23,523 1,204 San Kansas Dallas Francisco City i 10,092 1,164 1,928 713 633 3,137 714 405 694 560 2,279 8,871 615 3,524 432 692 264 321 . 931 343 193 299 285 972 4,416 319 818 293 200 25 23 264 7 22 118 15 3 177 3 5 531 34 206 8 5 103 3 1 184 18 4 190 2 5 325 30 1,825 120 643 504 1,189 43 1,582 21 81 1 126 232. 200 34 470 31 56 1 96 26 173 15 39 11 32 1 92 76 112 13 52 3 56 7 10 14 48 69 10 26 1 56 52 177 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 713 2,134 6,016 2,413 3,376 19 54 345 50 121 564 901 2,411 1,318 1,374 2 47 412 308 495 6 55 136 71 103 31 115 23 A3 27 82 96 58 132 27 50 88 52 58 7 87 702 Reserve with F. R. bank Cash i n vault Balances with domestic banks Other a s s e t s - net 9,506 539 3,081 1,314 433 146 164 82 190 18 306 22 139 13 2.64 30 363 24 279 243 18,981 1,176 5,251 234 14 580 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 7,946 745 1 746 3,713 63 316 21 1 20 247 2 —— 62 — 116 22 21 15 386 —— 198 74 37 320 101 274 11 199 622 120 284 3 190 132 56 68 105 70 99 5,368 117 215 519 417 23 217 104 507 53 340 107 193 25 207 39 131 15 202 46 1,461 84 571 82 203 13 196 23 101 9,119 1,034 69 945 1,335 278 733 47 54 500 197 33 404 187 44 2,650 947 133 485 189 18 308 118 3 540 143 24 474 135 33 1,045 1,056 108 3,498 681 401 6 429 1 316 287 1 1,191 9 355 153 1 417 272 —— 311 24 8 3 103 5 87 — — — — —— 306 1,604 1 18 223 17 373 36 34 96 10 94 944 8 120 17 — 21 384 186 325 —— 6 96 60 298 346
@FedFRASER