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I.EIJT FOR THE PPJSS iters F. r.. 284 For imnedlate r e l e a s e Board, of Governors of t h e Federal Reserve System February 24, 194-1 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 f o l l o w i n g p r i n c i p a l changes f o r the week ended February 19 $ I n c r e a s e s of $44,000,000 i n commercial, i n d u s t r i a l , and a g r i c u l t u r a l l o a n s , $164,000,000 i n r e serve balances with Federal Reserve Banks, $176,000,000 i n demand deposits—adjusted, and $109,000,000 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 l o a n s i n c r e a s e d $22,000,000 i n Hew York City and $44,000,000 a t a l l r e p o r t i n g member banks. Loans to brokers and d e a l e r s i n s e c u r i t i e s decreased $6,000,000. Holdings of United S t a t e s Government d i r e c t and guaranteed o b l i g a t i o n s i n creased $22,000,000 i n t h e Chicago d i s t r i c t and $33,000,000 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 " i n c r e a s e d $22,000,000 i n t h e Chicago d i s t r i c t , $21,000,000 i n N e w York City, and $54,000,000 a t a l l r e p o r t i n g member bonks. Denand deposits—adjusted i n c r e a s e d §89)000 ^000 i n How York City, $ ^ ? 0 0 0 ? 0 0 0 i n t h e Chicago d i s t r i c t . $25,000,000 i n the Hew York d i s t r i c t o u t s i d e Hew York City, $23,000,000 i n t h e Cleveland d i s t r i c t , and 6176,000.,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 i n c r e a s e d $14,000,000. Deposits c r e d i t e d t o domestic banks i n c r e a s e d $29,000,000 i n Hew Yc-ri-c C i t y , $25,000,000 i n t h e Chicago d i s t r i c t , $12,000,000 i n t h e Kansas City d i s t r i c t , and $109,000,000 a t a l l r e p o r t i n g member banks. 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 the year ended February 19, 1941, follows t ( i n 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 Feb. 12, Feb. 21, 1940 1941 Feb. 19, 1941 ASSETS 26,381 +133 +3,170 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 l o a n s f o r purchasing or 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 9,423 5,217 320 418 458 1,230 36 1,744 + 46 + 44 + 3 — 6 - 1 — 1 + 2 + 5 + + + + 892 901 13 199 24 45 19 201 Treasury b i l l s Treasury notes U. S. bonds Obligations guaranteed by U. S. Gov't Other s e c u r i t i e s 737 2,572 7,111 2,760 3,778 + 17 + 4 + 17 - 5 + 54 + + + + + 114 82.9 647 335 353 11,804 518 3,388 +164 4 + 37 +1,498 + 56 + 260 23,157 5,466 354 +176 + 14 — — +3,901 + 189 - 219 9,151 624 +109 - 1 - 1 +1,060 ~ 121 1 Loans and Investments — t o t a l Reserve with Federal Reserve Banks Cash i n v a u l t Balances with domestic banks - L I A B I L I T I E S Demand d e p o s i t s - a d j u s t e d Time d e p o s i t s U. S. Government d e p o s i t s Inter—bank d e p o s i t s t Domestic banks Foreign banks Borrowings — — Form F. R. 284 STATEMENT FOR THE PRESS Board of Governors of t h e Federal Reserve System February 20, 1941 For immediate r e l e a s e ASSETS AND LIABILITIES OF WEEKLY REPORTING MEMBER BANKS IN CENTRAL RESERVE CITIES (In m i l l i o n s of d o l l a r s ) • ' ' ' " • . . . . ' New York City Increase or decrease since Feb. Feb. 12, Feb,, 21, 19 1940 1941 1941 . Feb. 19 1941 Chicago . I n c r e a s e or decrease 1since Feb. 12, Feb. 21, 1940 1941 ASSETS Loans and Investments - t o t a l 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 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 loans + 38 + 328 703 — — + 134 357 24 190 497 21 34 - + + 109 2 -h — 7 2 27 19 55 20 1 75 10,719 + 29 +1,907 3,063 + 17 + 140 2,002 90 282 + 22 - 1 - 5 + 167 111 23 388 + 1 - 1 + 1 — — - + - + 2,621 2 — — + 1 — — — + + - 1 . + — + + 9 6 1 25 1 Treasury b i l l s Treasury n o t e s IL S, bonds O b l i g a t i o n s guaranteed by U. S.Gov't Other s e c u r i t i e s 143 1,496 2,966 — 4 + 4 — 6 — 36 + 774 + 509 452 160 775 + 15 - 3 + 7 — 1,590 1,461 - 3 + 21 + 318 202 125 406 + 1 + 13 — + 28 66 Reserve m t h 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 6,535 82 93 336 +140 - 2 + 2 - 35 447 4 10 26 1,032 41 263 42 - 1 — — + 5 + + + 135 12 23 5 10,780 766 14 + 89 + 12 +1,959 + 115 30 2,059 510 96 + + + 303 8 13 + 360 — 113 1,049 7 - — 34 + 17 13 265 + + + + — + — 121 3 38 L I A B I L I T I E S Demand d e p o s i t s - a d j u s t e d Time 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 banks Foreign banks Borrowings Other l i a b i l i t i e s CAPITAL ACCOUNTS 3,830 569 — 299 1,507 — — + 29 — — — + 4 — — + + 17 ~ — + 25 — — — — — — + 153 1 — — + 2 19 Form F» R. 284-b ASSETS AND LIABILITIES OF WEEKLY REPORTING MEMBER BATIKS III 101 LEADIUG CITIES 01? FEBRUARY 19- 1941 (in millions of d o l l a r s ) D i s t r i c t Fee e r a 1 Res e r v e Total San Minnea- Kansas D a l l a s l;evr P h i l a - Cleve- Rich- Atlanta Chicago All Boston Francisco Cityp o l i s Louis mond delphia land York districts ASSETS Loans and Investments - t o t a l 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 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 to banks Other l o a n s Treasury b i l l s Treasury notes U.S. bonds Obligations guaranteed by U, S. Gov't Other s e c u r i t i e s Reserve with F. R. Banks Cash, i n v a u l t Balances with domestic banks Other a s s e t s — net L I A B I L I T I E S Demand d e p o s i t s - a d j u s t e d Time d e p o s i t s U.S. Gov't deposits Inter—bank deposits* Domestic banks Foreign banks Borrowings Other l i a b i l i t i e s CAPITAL ACCOUNTS 26,381 9,423 1,247 653 11,628 3,438 1,233 481 1,998 789 769 295 703 375 3,879 1,110 789 383 452 213 720 351 590 321 2,373 1,014 5,217 320 418 331 67 12 2,131 101 290 238 34 24 352 9 14 138 10 3 198 4 7 602 42 41 224 13 5 111 3 1 213 22 3 221 1 5 378 14 13 458 1,230 36 1,744 737 2,572 7,111 2,760 3,778 11,804 518 3,388 1,241 17 81 4 141 31 50 328 57 128 213 191 23 489 143 1,553 3,208 1,670 1,616 32 50 14 48 11 35 2 118 163 188 54 69 43 386 1 179 12 80 732 189 346 662 145 198 68 6,746 103 237 475 524 23 211 SO 799 51 372 90 258 25 237 40 3 55 98 58 114 166 15 232 50 12 59 2 68 13 46 169 65 113 10 31 31 353 89 279 68 132 2 143 452 299 1,112 296 610 6 12 — 20 182 1 211 11 170 619 136 273 1,444 79 599 75 23,157 5)466 354 1,393 233 11 11,599 1,096 260 1,130 10 31 1,608 754 24 600 206 22 470 190 29 9,151 624 395 20 3,924 570 468 5 520 1 366 746 3,834 20 248 305 1,630 15 217 16 387 36 99 — 103 ™ 82 — — 80 29 26 110 32 42 72 13 58 95 76 127 12 23 1 58 30 41 99 38 61 257 12 208 22 109 8 109 16 209 18 334 20 151 13 309 31 479 26 342 274 3,109 1,008 124 551 192 12 326 115 2 594 144 9 545 136 23 1,266 1,098 57 368 2 1,395 432 181 1 444 296 1 362 16 11 96 18 4l4 5 96 8 61 3 107 4 89 305 390 8