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Form FR»284 For immediate release Condition of STATEMENT FOR THE PRESS Board of Governors of the Federal Reserve System February l4, 1938 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 February 91 A decrease of $48,000,000 in loans to brokers and dealers in securities, and an increase of $37,000,000 in holdings of United States Government direct obligations? decreases of $57,000,000 in reserve balances with Federal Reserve banks and $38,000,000 in balances with domestic banks; an increase of $47,000,000 in demand deposits—adjusted; and decreases of $72,000,000 and $27,000,000 in deposits credited to domestic banks and foreign banks, respectively. Increases of $6,000,000 in New York City and of $9,000,000 in the Chicago district in commercial, industrial and agricultural loans were partly offset by de-^ creases in some of the other districts,all reporting member banks showing a net increase of $8,000,000 for the week. Loans to brokers and dealers in securities declined $39,000,000 in New York City, $5,000,000 in the Chicago district and $48,000,000 at all reporting member banks. Holdings of United States Government direct obligations increased $28,000,000 in New York City and $37,000,000 at all reporting member banks. Holdings of obligations fully guaranteed by the United States Government increased $5,000,000 and of "Other securities" $6,000,000. Demand deposits—adjusted declined $15 ,000,000 in New York City, and increased $39,000,000 in the New York district outside of New York City, $16,000,000 in the Chicago district and $47,000,000 at all reporting member banks. Deposits credited to domestic banks declined $52,000,000 in New York City and $72,000,000 at all reporting member banks. Deposits credited to foreign banks declined $23,000,000 in New York City and $27,000,000 at all reporting member banks. Borrowings of weekly reporting member banks amounted to $2,000,000 on February 9. A summary of the principal assets and liabilities of the reporting member banks, together with changes for the week and the year ended February 9, 1938, (In millions of do]Liars) Feb, 9 1938 A S S E T S Loans and Investments - total 21,226 Loans — total 8,925 Commercial, industrial, and agricultural loanst On securities 562 Otherwise secured and unsecured 3,840 Open market paper ^50 Loans to brokers and dealers in securities 714 Other loans for purchasing or carrying securities 615 Real estate loans 1,161 Loans to banks 63 Other loans* On securities 713 Otherwise secured and unsecured 807 U. S. Government direct obligations 8,202 Obligations fully guaranteed by U. S. Gov't l,l46 Other securities 2,953 Reserve with Federal Reserve banks 5,617 Cash in vault 304 Balances with domestic banks 1,972 L I A B I L I T I E S Demand deposits—adjusted 14,511 Tine deposits 5,223 U. S. Government deposits 639 Inter-bank depositst Domestic banks 5,244 Foreign banks 390 Borrowings — 2 *Comparable figures not available. Increase or decrease .since Feb. 10, Feb. 2, 1937 1938 —8 —56 —4 +12 -5 -48 —2 — — ~2 ~1 -6 +37 +5 +6 "*57 +27 —38 +47 —2 — — —72 -27 ZLZL. -1,329 -39 * * * -491 * +12 -9 * * -919 -70 -301 +266 -93 -259 -l,04l +128 +205 -709 -17 +2 Form Fft-284-a STATEMENT FOR THE PRESS Board of Governors of the Federal Reserve System February 10, 1938 For immediate release ASSETS AND LIABILITIES OF TH/EEKLI REPORTING MEMBER BANKS IN CENTRAL RESERVE CITIES (in millions of dollars) New York City 19 3 7 19 3 8 Feb. 91 Feb. 2 Feb. 10 Chicago 19 3 7 19 3 8 Feb. 9 Feb, 2 Feb. 10 Loans and Investments - total 7,818 7,823 8,488 1,936 1,933 2,099 Loans - total 3,244 3,285 3,509 618 615 590 220 223 1,489 1,480 171 175 572 611 * 30 390 29 32 29 381 29 37 * * * 73 13 1 * * * A S S E T S Commercial, industrial and agricultural loans I 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 loans I On securities Otherwise secured & unsecured * * 1,007 * 211 127 36 127 36 129 44 73 12 1 231 187 232 190 * * 20 31 20 32 211 42 l4 5 U. S. Gov't obligations Obligations fully guaranteed by U.S. Gov't Other securities 3,151 3,123 3,4V, 962 958 1,142 401 398 1,022 1,017 454 1,081 101 255 101 259 95 272 Reserve with F. R. bank Cash in vault Balances with domestic banks Other assets - net 2,676 2,764 52 49 65 65 476 472 2,697 57 77 492 607 24 160 61 592 22 167 61 547 33 174 67 5,837 5,852 648 651 343 343 6,453 628 136 1,435 469 62 1,421 469 62 1,564 454 36 2,073 2,125 356 379 2,381 371 561 5 562 6 605 5 344 337 1,486 1,486 367 1,475 16 240 15 240 25 231 L I A B I L I T I E S Demand deposits - adjusted Time deposits U. S. Gov't deposits Inter-bank depositst Domestic banks Foreign banks Borrowings Other liabilities Capital account ^Comparable figures not available. Form FR-284-b ASSETS AND LIABILITIES OF WEEKLY REPORTING MEMBER BASKS IN 101 LEADING CITIES ON FEBRUARY 9, 1938 (in millions of dollars) Total All Boston districts 1 S S E T S 21,226 Loans and Investments - total 8,925 Loans - total Commercial, industrial, and agricultural loans t 562 On securities 3,840 Otherwise secured & unsecured 450 Open market paper 714 Loans to brokers and dealers in securities Other loans for purchasing or 615 carrying securities 1,161 Real estate loans 63 Loans to banks Other loans* 713 On securities 807 Otherwise secured and unsecured 8,202 U.S. Gov't obligations 1,146 Obligations fhlly guaranteed by U.8.Gov't 2,953 Other securities 5,617 Reserve with F. R. bank 304 Cash in vault 1,972 Balances with domestic banks 1,319 Other assets - net L I A B I L I T I E S 14,511 Demand deposits — adjusted 5,223 Time deposits 639 U. S. Gov't deposits Inter-bank deposits t 5,244 Domestic banks 390 Foreign banks 2 Borrowings 806 Other liabilities 3,623 Capital account District Reserve 'ederal San Minne- Kansas Dallas St. Philar- (Cleve- Rich- Atlanta Chicago Francisco City Louis apolis delphia land mond New York l',210 628 8,668 3,665 1,119 457 1,798 697 635 245 552 290 2,969 945 647 314 387 170 650 263 490 235 2,101 1,016 37 251 82 24 232 1,602 184 578 49 159 26 18 46 233 15 22 14 96 l4 3 148 4 12 6 48 530 48 38 49 144 11 4 9 74 7 1 17 149 18 4 10 139 2 3 39 315 39 13 34 84 3 285 233 37 35 59 2 38 174 4 16 15 86 87 4 13 47 6 9 6 12 21 1 15 20 57 372 2 58 55 42.8 20 134 322 37 118 77 262 252 3,367 451 1,185 2,833 68 137 602 51 58 307 92 263 243 17 l4l 83 123 42 785 61 255 330 37 195 102 29 41 294 35 126 109 38 46 58 1,44-5 189 390 818 55 342 92 11 29 192 47 94 148 10 125 23 12 52 164 14 39 73 6 69 16 13 28 227 45 115 166 13 215 22 10 36 174 30 51 109 11 182 27 74 105 664 129 292 336 21 213 203 992 264 27 6,425 1,061 354 779 278 23 1,013 746 18 412 197 2,165 12 321 183 17 4o6 184 8 246 122 2 472 145 14 396 128 21 884 1,029 58 209 8 1 24 239 2,140 357 275 3 318 1 1 16 349 210 200 752 258 116 1 340 187 — — 239 13 — — 355 1,616 — 18 227 30 2 61 134 18 34 24 92 28 2 24 51 155 33 74 105 11 886 85 1 6 5 19 363 88 ~ — 8 89 — — 7 57 — 3 92 — — w 6 81 321 330
@FedFRASER