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Form FR~284 STATEMENT FOR THE PRESS For imnediate release Board of Governors of the Federal Reserve System December 5, 1938 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 November 30$ Increases for the week of $74,000,000 in reserve balances with Federal Reserve banks, #97,000,000 in demand deposits—adjusted and $28,000,000 in "Other securities" and a decrease of $23,000,000 in United States Government direct obligations. Comr.crcial, industrial and agricultural loans increased $16,000,000 in New York City and declined $3,000,000 at all reporting member banks. Loans to brokers and dealers and all other loans each increased $7,000,000 at all reporting member banks. Holdings of United States Government direct obligations declined 027,000,000 in How York City and $23,000,000 at all reporting member banks. Holdings of other securities increased $28,000,000 in New York City and at all reporting member banks. Demand deposits-adjusted increased $20,000,000 in New York City, §17,000,000 in the Cleveland district, $13,000,000 each in the St. Louis and San Francisco districts, i,312,000,000 in the Boston district and $97,000,000 at all reporting member banks. Time deposits increased $6,000,000 in the New York district and declined L>5,000,000 in the Cleveland district. Deposits credited to domestic banks increased $42,000,000 in New York City and declined 1/7,000,000 each in the Philadelphia, Cleveland and Kansas City districts, all reporting member banks showed a net increase of $13,000,000 for the week. Deposits credited to foreign banks increased $4,000,000 in New York City. Borrowings of weekly reporting member banks amounted to $1,000,000 on November 30, A summary of the principal assets and liabilities of reporting member banks, together with changes for the week and the year ended November 30, 1938, follows t A S S E T S Loans and Investments - total Nov, 30, 1938 21,325 Increase or decrease since Nov, 23, Dec. 1, 1938 1937 + 19 ~ 56 Loans - total Commercial, industrial, and agricultural loans 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 8,317 3,866 338 712 572 1,169 117 1,543 + 14 - 3 - 3 + 7 + 1 + 1 + 4 + 7 - 1,124 - 771 137 164 78 + 2 + 49 25 U. S. Government direct obligations Obligations fully guaranteed by U.S. Gov't Other securities 8,106 1,682 3,220 - 23 + 28 + + + Reserve with Federal Reserve banks Cash in vault Balances with domestic banks 7,337 443 2,460 + 74 + 4 + 3 + 1,963 + 139 + 591 16,013 5,124 534 97 1 3 A B 361 L I T I E S Demand deposits - adjusted Time deposits U, S,Government deposits Inter—bank deposits: Domestic banks Foreign banks Borrowings 143 564 6,212 508 1 2 + l,4oi - + 110 118 1,152 90 5 k Form FR~284-a STATEMENT FOR THE PRESS Board of Governors of the Federal Reserve System December 1, 1938 For immediate release ASSETS AND LIABILITIES OF WEEKLY REPORTING MEMBER BANKS IN CENTRAL RESERVE CITIES (in millions of dollars) New York City Increase or Nov. decrease since 30, Nov, 23 Dec. 1 1938 1937 1938 CChicago Increase or Nov. decrease since 30, Nov. 23 Dec. 1 1938 1938 1937 ASSETS Loans and Investments - total 7,709 + 28 - 110 1,900 - 2 - 19 Loans - total 2,962 + 22 - 572 518 + 1 —l4l 1,424 135 571 + 16 - 386 - 1 • 56 + 3 • 139 339 19 30 - 3 + 3 -102 - 10 - 9 Commercial, industrial, and agricultural loans Open market paper Loans to brokers and dealers Other loans for purchasing or carrying securities Real estate loans Loans to banks Other loans 202 119 95 4l6 - 2 + 6 + —-•» < 27 12 65 17 67 12 + 1 4* 1 51 - 1 - 10 - 1 - 2 - 7 —•— U. S.Gov't obligations 2,853 Obligations fully guaranteed by U. S. Gov't 809 Other securities 1,085 - 27 • 137 942 + 1 + 38 + 5 • + 434 + 28 • +• 165 117 323 — 4 + 17 + 67 Reserve with F. R. bank Cash in vault Balances with domestic banks Other assets - net 4,079 64 70 467 + 54 +1,536 f 12 - 3 • - 4 • 6 + 10 • - 16 916 35 213 53 +16 + + 2 2 +309 + 6 + 52 - 9 L I A B I L I T I E S Demand deposits - adjusted Tine deposits U. S, Gov't deposits Inter-bank deposits# Domestic banks Foreign banks 6,767 604 115 + 20 • F 965 + 5 -- 118 + 1 -- 113 1,622 467 62 2,625 445 + 42 + 640 + 4 + 65 682 9 Borrowings Other liabilities Capital account 1 342 1,490 + 1 + + 9 -" + 3 + 17 258 1 31 : 7 } + 16 +153 + 3 — + +142 + 14 + 17 2 - 1 + 11 Form FR—284—b • ASSETS AND LIABILITIES OF WEEKLY REPORTmG imBER BAMS IN 101 LEADII!G CITIES ON NOVEMBER 30, 1938 Total All lien districts Boston York A S S E T S Loans and Investments - total 21,325 e d er a1 R e s er v e District Phila- Cleve- RichSt. MinneKansas San delphia land mond Atlanta Chicago Louis apolis City Dallas Francisco 1,152 8,556 1,160 1,818 Loans - total 8,317 Commercial, industrial, and agricultural loans 3,866 Open market paper 338 Loans to brokers and dealers in securities 712 Other loans for purchasing or carrying securities 572 Real estate loans 1,169 Loans to banks 117 Other loans 1,543 32 82 3 114 U* S.„ Gov't obligations Obligations fully guaranteed by U,SeGov*t Other securities Reserve with F.R. bank Cash in vault Balances with domestic banks Other assets — net 672 598 2,961 708 379 650 528 2,143 584 3,341 423 640 239 308 824 318 164 253 242 981 259 1,530 69 144 25 577 184 24 19 229 10 24 108 10 3 169 3 6 466 34 34 194 3 6 81 4 1 153 17 4 159 1 2 334 19 11 270 221 95 504 33 58 1 104 32 171 2 172 16 32 1 69 15 29 1 85 79 94 4 113 13 49 8 45 7 7 l4 21 64 12 23 1 43 45 49 382 1 185 8,106 1,682 3,220 4o6 3,097 868 31 131 1,250 351 96 290 805 95 278 326 4l 66 160 42 88 1,439 230 468 229 61 100 159 14 42 216 52 129 193 37 56 725 115 322 7,337 443 2,460 1,306 318 4,205 l4l 81 l4o 170 570 75 235 19 162 86 373 4l 281 108 139 18 154 36 104 11 134 4o 1,127 67 415 86 159 11 118 34 72 7 112 17 162 12 274 22 106 10 218 27 337 25 282 205 16,013 5,124 534 1,038 7,344 250 995 128 10 781 1,124 285 735 29 38 432 197 21 348 183 34 2,343 886 100 460 186 17 280 118 2 495 142 21 419 133 31 949 l,0l4 103 6,212 508 238 2,696 446 25 305 9 347 1 245 224 1 907 10 271 121 1 362 216 280 15 1 795 3,684 •1 23 353 242 1,619 18 226 22 363 29 95 6 91 22 388 5 91 8 57 3 97 • «• • 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 ~ 7 83 299 332
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