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Form FR-284 STATELiEHT FOR THE PRESS For immediate r e l e a s e Board of Governors of t h e F e d e r a l Reserve System December 23, 1940 Condition of Weekly Reporting Member Banks i n 101 Leading C i t i e s The c o n d i t i o n statement of weekly r e p o r t i n g member banks i n 101 l e a d i n g c i t i e s shows t h e f o l l o w i n g p r i n c i p a l changes f o r t h e week ended December 18; I n c r e a s e s of $29,000,000 i n l o a n s t o b r o k e r s and d e a l e r s i n s e c u r i t i e s and $234*000,000 i n h o l d i n g s of United S t a t e s Treasury n o t e s , d e c r e a s e s of $297,000,000 i n r e s e r v e b a l a n c e s with F e d e r a l Reserve Banks and $124,000,000 i n demand d e p o s i t s a d j u s t e d , and i n c r e a s e s of $67,000,000 i n United S t a t e s Government d e p o s i t s and $159,000,000 i n d e p o s i t s c r e d i t e d to 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 l o a n s i n c r e a s e d $9,000,000. Loans t o b r o k e r s and d e a l e r s i n s e c u r i t i e s i n c r e a s e d $20,000,000 i n Hew York C i t y and $29,000,000 a t a l l r e p o r t i n g member banks. Holdings of United S t a t e s Treasury n o t e s i n c r e a s e d $163,000,000 i n Hew York C i t y , $15,000,000 i n t h e Richmond d i s t r i c t , and $234,000,000 a t a l l r e p o r t i n g member banks. Holdings of "Other s e c u r i t i e s " i n c r e a s e d $33,000,000 i n Hew York City and $35,000,000 a t a l l r e p o r t i n g member banks. Demand d e p o s i t s - a d j u s t e d decreased $72,000,000 i n t h e Chicago d i s t r i c t , $42,000,000 i n Hew York C i t y , $18,000,000 i n t h e Richmond d i s t r i c t , and $124,000,Off a t a l l r e p o r t i n g member banks, and i n c r e a s e d $27,000,000 i n t h e P h i l a d e l p h i a d i s t r i c t . Time d e p o s i t s i n c r e a s e d $21,000,000. Deposits c r e d i t e d t o domestic banks i n c r e a s e d $128,000,000 i n Hew York City. $14,000,000 i n t h e Chicago d i s t r i c t , and $159,000,000 a t a l l r e p o r t i n g member banks. Deposits c r e d i t e d t o f o r e i g n banks decreased $6,000,000. A summary of t h e 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 r e p o r t i n g member banks t o g e t h e r with changes f o r t h e week and t h e year ended December 18, 1940, f o l l o w s : (in millions of dollars) I n c r e a s e or d e c r e a s e since Dee. Dec. 20, Dec. 11, 18, 1940 1940 1939 ASSET S Loans and Investments - t o t a l +2,067 +308 2.5,532 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 l o a n s Open market paper Loans to b r o k e r s 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 o r c a r r y i n g s e c u r i t i e s Real e s t a t e loans Loans t o banks Other loans 9,341 5,001 303 558 467 1,228 40 1,744 + 42 + 9 - 1 + 29 + 9 - 2 - 2 Treasury b i l l s Treasury notes U. S. bonds O b l i g a t i o n s guaranteed by U. S. Gov't Other s e c u r i t i e s 759 2,093 6,956 2,734 3,649 Reserve with F e d e r a l 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 d e p o s i t s U. S. Government d e p o s i t s Inter—bank d e p o s i t s : Domestic banks Foreign banks Borrowings + + — — + — + 409 595 19 294 43 39 26 157 - 25 +234 + 17 + 5 + 35 + + + + 106 17 957 330 282 11,673 577 3,426 -297 - 1 +155 +2,096 + 36 + 345 22,279 5,405 476 -124 + 21 + 67 +3,356 + 150 - 108 8,972 668 1 +159 — 6 - 1 + - — — 994 78 - > Form F. R. 284 STATEMENT FOR THE PRESS Board of Governors of t h e Federal Reserve System December 19, 1940 For immediate r e l e a s e ASSETS AND LIABILITIES OF WEEKLY REPORTING MEMBER BANKS IN CENTRAL. RESERVE CITIES (In m i l l i o n s of d o l l a r s ) Chicago I n c r e a s e or decrease since *jec» 11, Dec. 20, 1940 1939 New York City Increase or Dec. decrease since 18 Dec. 11, Dec. 20, 1940 1940 1939 Dec. 18 1940 10,262 +226 +1,106 2,388 + 2 + 325 3,099 + 30 - 105 687 + 7 + 86 1,903 90 400 + 1 + 20 + 206 24 266 482 19 40 + 1 + + 92 1 20 55 20 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 d e a l e r 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 — — - 172 114 26 394 + 9 - 2 - — — 2 + 7 1 31 16 + — + — - - + 5 — — - + — 11 6 — *— 71 + 1 198 293 629 316 146 760 + - 8 5 2 18 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 300 1,130 2,827 -r 22 +163 + 14 + + 1,566 1,340 + s + 33 + 342 145 101 378 Reserve with F. R. Bank Cash i n v a u l t Balances with domestic banks Other a s s e t s - n e t 6,599 104 86 323 -112 + 3 - 1 - 17 +1 ,358 + 7 + 1 35 1,119 47 317 40 - 72 + 1 + 31 — 6 10,3U 720 29 - 42 + 8 4* 1 +1,936 + 69 21 2,002 67 1 11 + + + 131 9 12 +128 1,011 10 1 + 8 114 18 2.65 1 1 + 20 + + + — ~ - — + — 259 57 78 74 33 93 —* — + - 58 A 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 d e p o s i t s U. S, Gov s t d e p o s i t s Inter—bcuik d e p o s i t s l Domestic banks Foreign banks Borrowings Other l i a b i l i t i e s CAPITAL ACCOUNTS 3,877 610 — 6 + 476 O 69 312 1,512 - +10 + 17 + 2 9 512 95 Form F. R. 284-bASSETS AND LIABILITIES OF WEEKLY REPORTING MEMBER BANKS IN 101 LEADING CITIES Oil DECEMBER 18, 19/0 (In m i l l i o n s of d o l l a r s ) Total F e d e r a 1 R e s e r v e \ Di s t r i c t All Mew P h i l a CleveR i c h S t . Minne- Kansas San Boston A t l a n t a Chicago Dallas districts York d e l p h i a land mond Louis a p o l i s C i t y Francisco 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 agricultural loans Open market paper Loans t o b r o k e r s and d e a l e r s i n s e c u r i t i e s Other l o a n s f o r purchasing or or carrying s e c u r i t i e s Real e s t a t e l o a n s Loans t o banks Other loans Treasury b i l l s Treasury notes U. S. bonds O b l i g a t i o n s g u a r a n t e e d by U. S. Gov't Other s e c u r i t i e s Reserve w i t h F.R.Bank Cash i n v a u l t Balances with domestic banks Other a s s e t s - n e t 25,532 1,239 11,155 1,217 1,972 747 713 3,631 751 427 723 586 2,371 9,341 652 3 , 465 479 751 298 374 1,077 375 218 341 310 1,001 5,001 303 558 321 65 26 2.029 96 406 234 34 24 311 8 17 137 11 4 197 4 9 657 36 45 2.19 10 4 114 3 2 20 3 21 4 211 1 5 368 14 12 467 1,228 40 1,744 221 193 26 494 33 50 1 103 23 181 1 210 14 48 1 83 11 34 2 117 65 131 1 142 13 58 3 68 10 31 13 24 759 2,093 6,956 2,734 3,649 11,673 577 3,426 1,185 17 80 4 139 27 41 345 57 117 629 150 238 74 303 1,178 3,060 1,649 1,500 6,766 129 244 421 29 343 90 276 17 150 637 137 280 3 150 175 53 68 2 43 112 63 119 318 283 1,091 276 586 504 27 234 78 743 58 378 91 231 27 253 37 143 17 196 49 1,456 90 642 72 16 37 144 64 115 257 14 191 22 22,279 5,405 476 1,410 230 14 11,037 1,087 55 1,065 259 41 1,568 738 44 576 200 36 449 190 40 2,969 999 136 8,972 668 1 766 3,826 384 21 1 23 247 3,967 oil 458 5 487 1 349 330 2 1,343 9 — — 7 12 21 117 29 42 118 7 128 16 72 28 53 96 79 126 206 18 295 21 39 38 99 42 58 146 13 284 31 4o 386 1 ISO 6 70 737 195 362 474 27 343 273 535 191 12 334 116 2 554 145 13 519 135 30 1,263 1,115 53 395 174 1 440 280 1 365 17 •— — —• — — 80 — 56 L I A B I L I T I E S Demand deposits—adjusted Time d e p o s i t s U. S. Gov't d e p o s i t s Inter-bank deposits: Domestic banks Foreign banks Borrowings Other l i a b i l i t i e s CAPITAL ACCOUNTS — — 320 1,63s — — 16 216 20 384 — — — — 34 100 — — 12 95 — — 24 411 —• — — — 6 96 — — 8 61 — — — — 4 107 —* 5 90 —• 294 381