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STATEMENT FOE THE PRESS For immediate r e l e a s e B-SOU F e d e r a l Reserve Board Feb r u a r y 11, 19 35 • CONDITION OF %^EELY REPORTING tmiBFR BABES IN LEADING CITIES The F e d e r a l R e s e r v e B o a r d ' s c o n d i t i o n s t a t e m e n t of weekly r e p o r t i n g member banks i n 91 l e a d i n g c i t i e s on F e b r u a r y 6 shows d e c r e a s e s f o r t h e week of $3^,000,000 i n t o t a l l o a n s and i n v e s t m e n t s and $ 2 0 , 0 0 0 , 0 0 0 i n n e t demand d e p o s i t s , and i n c r e a s e s of $ 1 2 , 0 0 0 , 0 0 0 i n time d e p o s i t s and $ 5 ^ , 0 0 0 , 0 0 0 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 R e s e r v e banks * Loans on s e c u r i t i e s to b r o k e r s and d e a l e r s i n New York C i t y d e c l i n e d $ 2 1 , 0 0 0 , 0 0 0 a t r e p o r t i n g member banks i n t h e New York d i s t r i c t and $23>000,000 a t a l l r e p o r t i n g member b a n k s ; l o a n s on s e c u r i t i e s to b r o k e r s and d e a l e r s o u t s i d e Hew York C i t y d e c l i n e d $ 3 , 0 0 0 , 0 0 0 ; and l o a n s on s e c u r i t i e s to o t h e r s d e c l i n e d $ 6 , 0 0 0 , 0 0 0 . H o l d i n g s of a c c e p t a n c e s and commercial p a p e r d e c l i n e d $ 9 , 0 0 0 , 0 0 0 i n the New York d i s t r i c t and $ 1 0 , 0 0 0 , 0 0 0 a t a l l r e p o r t i n g member b a n k s ; r e a l e s t a t e l o a n s showed l i t t l e change f o r the week; and o t h e r l o a n s i n c r e a s e d $ 1 2 , 0 0 0 , 0 0 0 i n the Boston d i s t r i c t and $ 9 , 0 0 0 , 0 0 0 a t a l l r e p o r t i n g member b a n k s e Holdings of U n i t e d S t a t e s Government d i r e c t o b l i g a t i o n s d e c l i n e d $ 1 7 , 0 0 0 , 0 0 0 i n the New York d i s t r i c t , $ 5 , 0 0 0 , 0 0 0 i n t h e Boston d i s t r i c t and $ 1 0 f 0 0 0 , 0 0 0 a t a l l r e p o r t i n g member b a n k s , and i n c r e a s e d $ 1 3 , 0 0 0 , 0 0 0 i n t h e Chicago d i s t r i c t and $ 4 , 0 0 0 , 0 0 0 i n the Kansas C i t y d i s t r i c t ; 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 g u a r a n t e e d by the U n i t e d S t a t e s Government i n c r e a s e d $ 1 2 , 0 0 0 , 0 0 0 i n t h e New York d i s t r i c t and $ 1 5 , 0 0 0 , 0 0 0 a t a l l r e p o r t i n g b a n k s ; and h o l d i n g s of o t h e r s e c u r i t i e s d e c l i n e d $ 8 , 0 0 0 , 0 0 0 i n the New York d i s t r i c t and $ 6 , 0 0 0 , 0 0 0 a t a l l r e p o r t i n g b a n k s . L i c e n s e d member banks f o r m e r l y i n c l u d e d i n t h e c o n d i t i o n s t a t e m e n t , o f member banks i n 101 l e a d i n g c i t i e s , b u t n o t now i n c l u d e d i n the weekly s t a t e m e n t , had t o t a l l o a n s and i n v e s t m e n t s of $ 1 , 2 2 5 , 0 0 0 , 0 0 0 and n e t demand, time and Government d e p o s i t s of $ 1 , 3 3 6 , 0 0 0 , 0 0 0 , compared w i t h $ 1 , 2 1 7 , 0 0 0 , 0 0 0 and $ 1 , 3 9 2 , 0 0 0 , 0 0 0 , r e s p e c t i v e l y , on J a n u a r y 3 0 . 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 t h e r e p o r t i n g member b a n k s , i n 91 l e a d i n g c i t i e s , t h a t a r e now i n c l u d e d i n the s t a t e m e n t , t o g e t h e r w i t h changes f o r t h e week and t h e y e a r ended F e b r u a r y 6, 1935> f o l l o w s : ( i n m i l l i o n s of d o l l a r s ) F e b . 6 . 1915 I n c r e a s e or decrease since J a n . 30>1935 F e b . 7 , 19 3^ 18,208 z]6 +1,126 Loans on s e c u r i t i e s - t o t a l To b r o k e r s and d e a l e r s : I n Hew York O u t s i d e New York To o t h e r s 2,992 =22 -595 679 163 2,150 -23 -3 -6 -124 +16 -487 A c c e p t a n c e s and commercial p a p e r b o u g h t Loans on r e a l e s t a t e Other l o a n s 429 969 3,136 -10) -2) +9) -179 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 g u a r a n t e e d by U . S . G o v t , Other s e c u r i t i e s 7,227 6l6 2,839 -10 +15) -6) +1,380 Reserve w i t h F . R. b a n k s Cash i n v a u l t 3,493 275 +54 -3 +1,588 +48 -20* +12 -3 +2,873 +74 +236 Loans and i n v e s t m e n t s - t o t a l Net demand d e p o s i t s Time d e p o s i t s Government d e p o s i t s Dae from banks Due to banks 13.99s 4,446 1,224 1,801 4,363 +16 +118 +520 +448 +1,235 - 12 Borrowings f r o m F . R. banks * J a n u a r y 30 f i g u r e s r e v i s e d . ( S t . Louis d i s t r i c t ) F e d e r a l R e s e r v e Board F e b r u a r y 7-« 1935 F o r immediate r e l e a s e CONDITION 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 ) Feb. 6 1935 J a n . 30 1935. Feb. 7 1934 Loans and i n v e s t m e n t s - t o t a l 7,363 7,422 6,964 Loans on s e c u r i t i e s - t o t a l To "brokers and d e a l e r s : In New York O u t s i d e New York: To o t h e r s 1,413 NEW YORK » 536 57 820 1,721 559 55 823 696 45 988 A c c e p t a n c e s and c o m m e r c i a l p a p e r b o u g h t Leans on r e a l e s t a t e 0 ther loans 224 131 1,172 232) 131) 1,180) 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 g u a r a n t e e d by U . S . G o v t . Other s e c u r i t i e s 3,129 283 1,011 3,150 272) 1,020) Reserve w i t h F . R. b a n k Cash i n v a u l t i,so4 1,720 49 748 38 Net demand d e p o s i t s Time d e p o s i t s Government d e p o s i t s 6,851 619 680 6,842 5,331 710 680 501 Due from b a n k s Due to b a n k s 72 1,903 73 1,868 1,312 Loans and i n v e s t m e n t s - t o t a l 1,651 1,617 1,328 Leans on s e c u r i t i e s - t o t a l To b r o k e r s and d e a l e r s : I n New York O u t s i d e New York To c j t h e r s .,,233- 235 ... 2 7 1 26 27 180 31 50 616 1,691 2,485 1,059 75 Borrowings from F . R. b a n k CHICAGO A c c e p t a n c e s and commercial .paper b o u g h t Loans on r e a l e s t a t e Other loans 52 19 26 17s 55) 19) 16 34 227 300 213 217) 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 g u a r a n t e e d by U . S . G o v t . Other s e c u r i t i e s 233 81 215 795 81) 215) 471 Reserve w i t h F . R. b a n k Cash i n v a u l t 4o4 36 428 36 346 4i 1,514 386 44 1,499 384 44 1,131 328 179 486 187 467 Net demand d e p o s i t s Time d e p o s i t s Government d e p o s i t s Due from banks Due to b a n k s 280 65 186 313 Borrowings f r o m F . R. b a n k (B-804a) For immediate r e l e a s e 1935 PRINCIPAL ASSETS AND LIABILITIES OP WEEKLY REPORTING MEMBER BANKS IN LEADING- CIiL&S, BY DISxaICT^, ON j-jiBRUARY B-804b ( I n m i l l i o n s of d o l l a r s ) Total Loans and i n v e s t m e n t s - t o t a l 18,20S Loans on s e c u r i t i e s - t o t a l To b r o k e r s and d e a l e r s : I n New York O u t s i d e Few York To o t h e r s ,2,992 A c c e p t a n c e s and commercial p a p e r b o u g h t Loans on r e a l e s t a t e Other loans 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 g u a r a n t e e d by U.S.Govt, Other s e c u r i t i e s R e s e r v e w i t h F . R. banks Cash i n v a u l t Net demand d e p o s i t s Time d e p o s i t s Government d e p o s i t s Due f r o m b a n k s Due to b a n k s Borrowings f r o m F . R. banks Federal Cleve P h i la— Boston l.lUl 1.079 Rich 2,005 570 423 1,935 34 52 49 205 20 44 4 l 44 17! 12 17 79 2 12 123 63 33 289 9 37 108 6 6 100 18 14 111 3 23 n4 20 342 313 102 11 49 194 89 259 95 155 5 55 242 n 1,222 134 12 60 1,000 51 269 600 22 188 116 175 is 41 674 46 335 251 69 1.375 65 l4g 13 151 19 55 II 28 6 474 45 54 s 63 4 105 11 79 9 170 15 933 317 83 7,303 1,032 713 728 69 699 447 48 246 137 9 190 129 33 1,761 524 63 384 165 24 256 128 6 469 l64 23 306 124 58 723 962 95 115 215 158 167 252 124 194 33 104 78 83 276 596 111 95 118 227 287 159 150 208 208 I 50 46 91 278 226 249 1,317 22 71 172 2 74 132 3,305 309 291 1 S 2,839 355 10 150 3,^93 275 1,224 4,363 361 536 6 2 44 6 6 1,801 City 1 1 32 2 166 7 Francisco Louis e a p o l i s 4 4 22 15 166 429 969 3,136 San Dallas 28 30 218 16 566 CQ 938 679 • 163 2,150 A t l a n t a Chicago 1,192 District Minn- Kansas St. mond delphia 8,24l iteslerve & 1,970 3 26 186