The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
Form FR—284 STATEMENT 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 27, 1938 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 leading c i t i e s shows t h e following p r i n c i p a l changes f o r the week ended December 21s I n c r e a s e s of $253>000,000 i n h o l d i n g s 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 and of $107,000,000 i n Government d e p o s i t s and decreases of $465,000,000 i n r e s e r v e balances with Federal Reserve banks, $133,000,000 i n amounts due from banks and $406,000,000 i n d e p o s i t s c r e d i t e d 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 declined $24,000,000 i n New York City and $15,000,000 a t a l l r e p o r t i n g member banks. Loans t o banks declined $14,000,000 and loans t o brokers and d e a l e r s $4,000,000. 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 i n c r e a s e d $253,000,000, h o l d i n g s of o b l i g a t i o n s f u l l y guaranteed by t h e United S t a t e s Government i n c r e a s e d $19,000,000 i n New York City and $22,000,000 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 " decreased $14,000,000. Demand d e p o s i t s - a d j u s t e d decreased $30,000,000 i n New York C i t y , $23,000,000 i n t h e San Francisco d i s t r i c t , $16,000,000 i n the Dallas d i s t r i c t , and $92,000,000 a t a l l r e p o r t i n g member banks. Time d e p o s i t s inc re ase d 021,000,000 i n t h e San Francisco d i s t r i c t and 011,000,000 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 domestic banks declined $297,000,000 i n New York C i t y , $19,000,000 i n the Chicago d i s t r i c t , $18,000,000 i n the P h i l a d e l p h i a d i s t r i c t , $16,000,000 each i n the Richmond and San Francisco d i s t r i c t s and $406,000,000 a t a l l r e p o r t i n g member banks. Borrowings of weekly r e p o r t i n g member banks amounted to v2,000,000 on December 21. 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 the week and t h e year ended December 21,1938, f o l l o w s : (In m i l l i o n s of d o l l a r s ) I n c r e a s e or decrease since Dec. Dec. 14, Dec. 22, 21, 1938 1938 1937 A S S E T S Loans and Investments — t o t a l + 238 262 21,742 . + 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 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 8,473 3,857 330 854 566 1,169 120 1,577 — — + — + U. S. Government d i r e c t o b l i g a t i o n s O b l i g a t i o n s f u l l y guaranteed by U. S. Gov't Other s e c u r i t i e s 8,333 1,718 3,218 + 253 + 22 — l4 + Reserve with Federal Reserve banks Cash i n v a u l t Balances with domestic banks 6,980 493 2,389 — 465 + 3 - 133 + 16,129 5,l4l 639 - 92 + 11 + 107* 5,947 507 2 *-• 4 o 6 * + 4 + 2 L I A B I L I T I Demand d e p o s i t s - a d j u s t e d Tine d e p o s i t s U. 8. Government d e p o s i t s Inter-bank deposits $ Domestic banks Foreign banks Borrowings 23 15 6 4 2 2 l4 16 - - + + + + + 945 760 142 33 83 3 49 21 266 608 333 +1,645 126 564 + E S +1,706 60 50 - «•* + + — 905 ' 63 5 *Dec, 14 f i g u r e s r e v i s e d , (Cleveland d i s t r i c t ) Form FB—284—a STATEMENT FDR THE PRESS Board of Governors of t h e Federal Reserve System December 22, 1938 For immediate r e l e a s e ASSETS AMD LIABILITIES OF WEEKLY REPORTING MEMBER BANKS IN CENTRAL RESERVE CITIES ( i n m i l l i o n s of d o l l a r s ) New York City Increase or Dec. decrease since 21, Dec. 14 Dec. 22 1938 1938 1937 (Chicago Dec. 21, 1938 I n c r e a s e or decrease since Dec* 14 Dec. 22 1938 1937 A S S E T S Loans and Investments - t o t a l 7,855 - 21 Loans — t o t a l 3,040 1,384 132 690 Commercial, i n d u s t r i a l , and agricultural loans Open market paper Loans t o brokers and d e a l e r s Other loans f o r purchasing o r 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 , 199 119 98 418 + 75 + 55 533 + 2 — 116 410 62 24 342 17 41 — 1 1 + 4 — — — 28 9 62 7 68 12 14 1,991 — 4-8 478 - 24 - 3 - 5 - .—. tmrn ——— —* - 13 + - 3 — 53 89 11 1 8 1 2 4 U. S. Gov t o b l i g a t i o n s O b l i g a t i o n s f u l l y guaranteed by U. S. Gov't Other s e c u r i t i e s 2,881 + 20 165 1,021 + 75 + 92 845 1,089 + 19 + 486 - 12 4" 143 113 324 1 1 4+ 11 68 Reserve with F. R. bank Cash i n v a u l t Balances with domestic banks Other a s s e t s - net 3,815 78 75 449 -286 + 1 , 3 0 0 + 1 + 9 4 - 2 + - 8 19 876 39 219 48 59 + 1 + 9 6 + 281 6 59 10 + 15 + 1 + 21 + 4* + 200 15 18 + 19 1 + H- 145 3 + 1 + 11 4" + 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 t Domestic banks Foreign banks 6,854 599 121 - 30 + 1 ,122 66 - 2 + 6 243 1,658 470 83 2,406 445 -297 + 3 + 434 + 4o 675 10 Borrowings Other l i a b i l i t i e s C a p i t a l account 357 1,490 + + • MM# 1 3 + 3 16 6 19 258 1 Form FRr-284*-b ASSETS AND LIABILITIES OF WEEKLY REPORTING MEMBER BANKS IN 101 LEADING CITIES ON DECEMBER 21, 1938 Total All Boston districts I D i s t r i c t s St. Minne- Kansas City Louis a p o l i s Dallas San Francisco 21,742 1,162 8,710 1,173 1,851 680 615 3,070 708 382 662 539 2,190 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 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 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 l o a n s 8,473 583 3,418 429 661 242 318 849 316 2j62 257 246 992 3,857 330 854 255 68 29 1,490 l4o 697 185 22 20 231 9 26 108 10 4 176 3 7 479 45 193 3 6 81 4 1 155 17 5 163 1 2 341 21 12 566 1,169 120 1,577 32 82 3 ll4 266 222 98 505 33 58 2 109 28 170 2 195 16 32 1 71 15 29 1 87 79 94 4 116 13 48 7 46 7 7 l4 21 62 12 23 1 44 45 51 383 1 I83 U.S. Gov't o b l i g a t i o n s O b l i g a t i o n s f u l l y 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 8,333 1,718 3,218 420 30 129 3,133 903 1,256 365 93 286 817 96 2 77 333 39 66 168 42 87 1,527 226 468 231 59 102 % 43 221 54 130 195 42 56 760 120 318 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 6,980 493 2,389 1,272 314 145 3,950 100 173 557 228 22 166 83 l44 21 147 32 101 13 129 40 1,080 76 392 78 lAS t? 270 103 13 118 23 70 7 115 17 157 13 263 22 103 12 208 26 324 24 267 217 16,129 5,l4l 639 1,046 249 13 7,451 987 139 790 283 55 i,i4o 725 42 437 195 28 349 183 4l 2,363 887 129 437 134 20 278 119 2 497 l4l 22 412 134 38 929 1,054 110 5,947 507 234 22 2,477 447 291 9 338 1 241 226 1 896 11 272 126 1 361 214 271 15 ^ (V CO to \0 0~\ A S S E T S Loans and I n v e s t m e n t s — t o t a l New York R e s e r v e F e d e r a l L P h i l a - Cleve- Rich- A t l a n t a Chicago mond d e l p h i a land 1 25 241 1 369 1,619 19 225 24 362 28 95 7 91 23 387 6 91 8 57 3 98 6 84 31< 333 L I A B I T. I T I E S Demand d e p o s i t s — a d j u s t e d Tine d e p o s i t s U. S. Gov't d e p o s i t s Inter—bank d e p o s i t s : Domestic b a n k s Foreign b a n k s Borrowings Other l i a b i l i t i e s C a p i t a l account % 3
@FedFRASER