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Form FR-284 STATEMENT FOR THE PRESS Board, of Governors of the Federal Reserve System February 5, 1940 For immediate release 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 January 31t Decreases of $21,000,000 in commercial, industrial, and agricultural loans and $39,000,000 in holdings of Treasury bills, and increases of $30,000,000 in holdings of Government bonds, $45,000,000 in "Other securities", and $36,000,000 in demanddeposits-adjusted. Commercial, industrial and agricultural loans declined $13,000,000 in New York City and $6,000,000 in the Chicago district. Loans to brokers and dealers in securities declined $16,000,000. Loans to banks increased $11,000,000 in Hew York City. Holdings of United States Treasury bills declined $20,000,000 in New York City, $17,000,000 in the Chicago district and $39,000,000 at all reporting member banks, and increased $10,000,000 in the St. Louis district. Holdings of United Statds Treasury notes declined $10,000,000 at all reporting member banks. Holdings of United States Government bands increased $30,000,000 in New York City, $21,000,000 in the Chicago district and $30,000,000 at all reporting member banks, and declined $16,000,000 in the Boston district. Holdings of obligations guaranteed by the United States Government increased $2,000,000. Holdings of other securities increased $34,000,000 in Hew York City and $45,000,000 at all reporting member banks. Demand deposits—adjusted increased $70,000,000 in New York City and $36,000,000 at all reporting nenber banks, and declined. $16,000,000 in the Chicago district and $15,000,000 in the Richmond district. Deposits credited to domestic banks increased $22,000,000 in New York City, and decreased in most of the other districts, all reporting member banks showing a net decrease of $37,000,000. A summary of the principal assets .and liabilities of reporting member banks, together with changes for the week and the year ended January 31, 1940, follows i l in millions ox aonars} Increase or decrease since Jan. Feb. If Jan. 24, 31, 1940 1939 1940 ASSETS — +1,732 9 23,174 Loans and Investments - total + 266 8,499 37 Loans - total — $28 + 21 4,295 Commercial, industrial, and agricultural loans — 4 323Open market paper 3 — — 178 16 614 Loans to brokers and dealers in securities — — $0 4 Other loans for purchasing or carrying securities 485 44* 9 1 1,183 Real estate loans — + 11 45 54 Loans to banks — 45 4 1,547 Other loans Treasury bills Treasury notes U. S. bonds Obligations guaranteed by U. S. Gov't Other securities Reserve with Federal Reserve banks Cash in vault Balances with domestic banks LIABILITIES Demand deposits-adjusted Tine deposits U, S.Government deposits Inter-bank deposits t . Domestic banks Foreign banks Borrowings 648 1,747 6,482 2,414 3,384 39) 10) 4- 30) + 2 - - + 704 4- 625 137 + 45 + 10,258 458 3,067 4- 13 19 7 4-2,,737 19,199 5,257 573 4- 36 4" 3 — 3 +3,151 474 — 58 37 5 +1,670 + 162 41 8,029 738 1 — — - + 4- 64 474 Form FR-284 STATEMENT FOR THE PRESS Board of Governors of the Federal Reserve System February 1, 1940 For immediate release ASSETS AND LIABILITIES OF WEEKLY REPORTING MEMBER BANKS IN CENTRAL RESERVE CITIES (in Billions of dollars) New York City Increase or decrease since Jan. Feb. 1, 31 J an# 24 > 1940 1939 1940 Chicago Increase or Jan. decrease since 31 J an# 24j Feb. 1, 1939 1940 1940 ASSETS Loans and Investments - total 8,798 + 36 +1,,211 Loans - total 2,926 - 20 + 1,653 108 475 - 13 - 1 - 12 — 162 112 46 370 — 4 — 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 — — — + 11 - 1 — 2,306 25 - 8 195 -10 + 3A + + 37 2 2 297 17 167 380 19 30 - 7 25 4 32 27 64 14 - 1 — - 2 — — 51 — — + - 1 1 3 770 33 4 164 735 -17) - 1) + 2l) 337 79 176 339 ~ 1 32 1 3 14 +1,609 + 25 + 9 36 916 34 227 48 — 8 8,727 647 45 + 70 ~ 3 +1,950 + 30 — 71 1,788 501 83 -14 + 4 + 195 + 31 3,486 673 + 22 - 6 + + 780 166. 888 8 -11 + 205 1 44 7 17 246 - 1 4 Treasury bills Treasury notes U. S. bonds Obligations guaranteed by U. S. Gov't. Other securities 240 717 2,461 - 20) 1,240 1,214 Reserve mth F. R. banks Cash in vault Balances with domestic banks Other assets - net + + 12 + 34 + + 6,004 75 82 375 + + + + 30) — — — ~ 5 - 1 + 2 + S>4 + + 60 17 + + + 21A 3 17 3 — LIABILITIES Demand deposits-adjusted Tine deposits U, S. Gov't deposits Inter—bank depositsi Domestic banks Foreign banks Borrcwings Other liabilities CAPITAL ACCOUNTS — — 266 1,490 — — - 2 + 3 — + + 2 Form JB-284--b ASSETS Loans and Investments - total ASSETS AND LIABILITIES OF WEEKLY REPORTING MEMBER BANKS IN 101 LEADING CITIES ON JANUARY 31, 1940 (In millions of dollars) District Reserve Federal Total San St. Minne- Kansas Cleve-!RichFhilaNew All Atlanta Chicago Louis apolis City Dallas Francisco Boston land mond York districts 23,174 1,158 9,606 ,176 1,912 714 634 3,395 698 402 676 540 2,263 8,499 Loans - total Commercial, industrial, and 4,295 agricultural loans 321 Open market paper 6l4 Loans to brokers and dealers in securities Other loans for purchasing 485 or carrying securities 1,183 Real estate loans 54 Loans to banks 1,547 Other loans 648 Treasury bills 1,747 Treasury notes 6,482 U. S. bonds 2,414 Obligations guaranteed by U. S. Gov't 3,384 Other securities 10,258 Reserve with F. R. bank 458 Cash in vault 3,067 Balances with domestic banks 1,247 Other assets — net 600 3,279 411 673 262 315 897 335 191 295 277 964 287 1,765 114 65 480 20 191 21 23 253 8 20 114 17 3 173 4 5 524 37 35 197 10 5 101 4 2 179 19 3 184 2 3 327 20 15 218 198 46 458 32 50 1 93 25 173 2 192 15 40 74 114 10 27 1 56 14 22 47 385 113 12 52 2 57 7 10 33 344 101 287 7 186 639 122 285 73 • ••• 1 170 165 54 63 11 31 1 90 2 30 115 72 100 334 288 1,073 307 496 13 36 l4l 70 103 442 18 227 90 566 42 339 99 185 20 190 36 127 13 205 47 1,225 67 534 80 239 11 185 22 35 114 19 43 96 6 116 16 LIABILITIES Demand deposits-adjusted Time deposits U. S. Gov't deposits Inter—bank deposits: Domestic banks Foreign banks Borrowings Other liabilities CAPITAL ACCOUNTS 20 81 1 126 246 11 752 43 328 2,638 54 1,319 122 1,372 497 6,188 92 l4l 217 178 488 79 — — — 67 19,199 5,257 573 1,193 9,368 235 1,025 65 14 968 262 53 1,333 738 47 488 199 32 411 188 44 2,624 949 134 479 190 18 293 119 3 8,029 738 323 3,575 674 22 431 7 448 1 297 279 1 1,179 9 368 154 1 1 690 3,717 1 272 20 245 1,612 17 215 14 377 31 98 10 93 21 385 5 95 8 58 — 52 170 9 68 103 60 141 16 44 93 53 57 10 62 729 I83 315 194 15 313 22 136 11 277' 29 363 22 286 239 531 145 24 471 136 31 1,040 1,071 108 414 265 1 296 22 3 86 286 350 — — 3 103
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