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Porn FR-28-4 For immediate release STATEMENT FOR THE PRESS Board of Governors of the Federal Reserve System December 27, 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 22 i Decreases of $23,000,000 in commercial, industrial and agricultural loans, $26,000,000 in loans to brokers and dealers in securities, $105,000,000 in United States Government direct obligations, $252,000,000 in demand deposits—adjusted, and $32,000,000 in deposits credited to domestic banks; and increases of $30,000,000 in vault cash and $29,000,000 in deposits credited to foreign banks. Commercial, industrial and agricultural loans declined $15,000,000 in New York City, $13,000,000 in the Chicago district, and $28,000,000 at all reporting member banks. Loans to brokers and dealers declined $18,000,000 in New York City and $26)000,000 at all reporting member banks. Loans to banks declined $12,000,000 in New York City. Holdings of United States Government direct obligations declined $65,000,000 in Mew York City, $17,000,000 in the Cleveland district, and $105,000,000 at all reporting member banks. Holdings of obligations fully guaranteed by the United States Government and holdings of "Other securities" showed little change for the week. Demand deposits-adjusted declined in nearly all districts, the principal decreases being $94,000,000 in New York City, $-45,000,000 in the Chicago district, $31,000,000 in the Cleveland district, and $29,000,000 in the San Francisco district, Government deposits increased $5,000,000 during the week. Deposits credited to domestic banks declined $49,000,000 in New York City and $32,000,000 at all reporting member banks. Deposits credited to foreign banks increased $27,000,000 in New York City. Borrowings of weekly reporting member banks amounted to $7,000,000 on December 22, a decline of $10,000,000 for the week. A summary of the principal assets and liabilities of the reporting member banks, together with changes for the week and the year ended December 22, 1937, follows: (in millions of dollars) Increase or decrease since Dec. Dec. 15, Dec. 23 22, 1936 1937 1937 A S S E T S -188 -1,461 21,480 Loans and Investments — total -82 +2-48 Loans - total 9,418 Commercial, industrial, and agricultural loanst * On securities +2 576 * Otherwise secured and unsecured 4,04l -30 * —4 Open market paper 472 -26 887 Loans to brokers and dealers in securities -385 * Other loans for purchasing or carrying securities 6-49 -5 —4 Real estate loans +11 1,166 Loans to banks 7L -13 -7 * —6 Other loans: On securities 727 * +4 829 Otherwise secured and unsecured 8,067 U. 8. Government direct obligations -105** -1,223 -4** -130 Obligations fully guaranteed by U. S. Gov't 1,110 Other securities -356 +3 2,885 +174 Reserve with Federal Reserve banks -30 5,335 -70 Cash in vault +30 367 —44 —561 Balances with domestic banks 1,825 L I A B I L I T I E S Demand deposits-adjusted -1,151 14,423 -252 +158 Time deposits +9 5,201 +5 689 U. S. Government deposits -13 -1,035 Inter—bank deposits: Domestic banks 5,042 -32 +21 444 +29 Foreign banks —10 -22 Borrowings 7 "^Comparable figures not available. **December 15 figures revised. (Chicago district) Form FR-284-a STATmENT FOR THE PRESS Board of Governors of the Federal Reserve System December 23> 1937 For immediate release ASSETS AND LIABILITIES OF WEEKLY REPORTING MEMBER BANKS IN CENTRAL RESERVE CITIES (in millions of dollars) Chicago New York City 19 3 6 19 3 7 1 9 3 6 19 3 7 Dec. 22 Dec. 15 Dec. 23 Dec. 22 Dec. 15 Dec. 23 ASSETS Loans and Investments - total 7,869 7,981 8,800 1,936 1,944 2,114 Loans - total 3,518 3,570 3,666 649 666 625 233 1,561 194 714 233 1,576 194 732 31 400 28 42 31 414 29 43 * * 227 128 36 232 130 48 * 76 13 2 77 13 1 * 231 194 236 189 * * 21 36 22 36 * * U. S. Gov't obligations Obligations fully guaranteed by U. S. Gov't Other securities 3,046 3,111 3,647 929 920 1,124 359 946 359 941 452 1,035 102 256 103 255 96 269 Reserve with F.R. bank Cash in vault Balances with domestic banks Other assets •» net 2,515 69 71 468 2,530 .60 73 470 2,465 69 503 595 33 160 58 613 31 164 59 581 4i 200 75 5,732 5,826 6,452 6l4 203 1,458 455 65 1,496 454 65 1,587 451 72 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 loansi On securities Otherwise secured & unsecured * * * 1,067 ' 130 49 88 # 44 14 6 L I A B I L I T I E S Demand deposits - adjusted Time deposits U. 8. Gov't deposits Inter-bank deposits t Domestic banks Foreign banks 364 662 364 1,972 405 2,021 378 2,428 387 530' 7 524 6 634 5 Borrowings Other liabilities Capital account 3 367 1,484 14 366 1,483 26 364 1,451 20 ' 247 19 247 26 236 665 *Comparable figures not available. Form FR-28'r-b ASSETS AND LIABILITIES OF WEEKLY REPORTING MEMBER BANKS IN 101 LEADING CITIES ON DECEtffiER 22, 1937 (in millions of dollars) Total All Boston districts A S S E T S Loans and Investments — total Loans - total Commercial, industrial, and agricultural loansi On securities Otherwise secured & 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. Gov't obligations Obligations fully guaranteed by U.S.Gov't Other securities Reserve with F. R, bank Cash in vault Balances with domestic banks Other assets - net 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 liabilities Capital account 21,-480 9,418 District Reserve Federal San iMini'ie- ESxdttsjDallas St. New Phila- Cleve- Rich- | AtlantajChicago Francisco City Louis 1 apolis mond York delphia land 1,208 8,744 323 389 181 676 280 514 254 2,144 1,052 51 546 49 49 48 149 9 5 10 80 7 1 17 159 22 4 11 151 3 3 40 339 38 15 9 6 13 21 1 15 21 1 59 373 3 1,116 1,834 460 714 645 255 564 298 2,988 985 658 43 248 19 23 15 99 15 4 12 151 4 6 649 3,967 37 247 31 727 45 171 20 19 35 84 6 304 236 37 36 59 2 40 175 3 19 30 2 15 27 2 91 87 5 13 47 9 62 263 52 261 406 3,261 23 408 130 1,108 311 2,635 41 89 109 151 81 559 51 57 303 90 263 229 21 128 87 120 43 797 63 30 41 280 47 63 131 21 107 37 26 55 157 33 76 104 12 97 37 46 61 1,420 189 394 802 74 306 88 12 31 195 46 94 l4l 12 92 23 13 55 153 14 4l 72 6 77 17 15 28 238 45 113 160 13 216 22 11 38 182 28 50 111 12 164 28 78 107 675 124 293 311 22 207 203 5,201 772 1,060 271 729 689 976 6,286 269 1,074 .40 375 25 20 4o6 192 l4 323 185 18 2,178 871 88 4o4 183 10 257 121 2 485 145 14 393 127 22 883 1,034 61 5.042 444 7 859 3,630 192 2,035 8 4o6 1 4 26 381 238 1,617 258 3 304 1 209 1 719 8 232 115 1 348 198 1 243 14 25 227 20 349 26 93 189 1 2 7 89 24 370 7 90 6 82 326 326 576 4.041 472 887 649 1,166 71 727 829 8,067 1,110 2,885 5,335 367 1,825 1,288 14,423 262 1,686 80 206 260 328 44 171 106 > — — 8 57 — — 3 92
@FedFRASER