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Form FR-284 STATEMENT FOR THE PRESS Fcr d mediate release Board of Governors of the Federal Reserve System January 10, 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 January 5* Decreases of #84,000,000 in commercial, industrial and agricultural loans and #$4,000,000 in loans to brokers and dealers in securities; an increase of #38,000,000 in holdings of United States Government direct obligations and a decrease of $39,000,000 in "Other securities"; a decrease of $212,000,000 in demand deposits-adjusted and an increase of $134,000,000 in deposits credited to domestic banks. Commercial, industrial and agricultural loans declined $41,000,000 in New York City, $18,000,000 in the Chicago district and $84,000,000 at all reporting member banks. Loans to brokers and dealers in securities declined $45,000,000 in New York City and $54,000,000 at all reporting member banks. "Other loans" declined $9,000,000 in New York City and $21,000,000 at all reporting member banks. Holdings of United States Government direct obligations increased $21,000,000 in New York City, $26,000,000 in the Chicago district and $38,000,000 at all reporting member banks, and declined $9,000,000 in the San Francisco district. Holdr ings of obligations fully guaranteed by the United States Government increased $9,000,000 in New York City and at all reporting member banks. Holdings of "Other securities" declined $15,000,000 in New York City and $39,000,000 at all reporting member banks. Demand deposits-adjusted declined in nearly all districts, the principal decreases being $67,000,000 in New York City, $50,000,000 in the Chicago district, $28,000,000 in the Kansas City district and $18,000,000 each in the Cleveland and San Francisco districts, and the total decrease being $212,000,000. Time deposits increased $11,000,000 in the Chicago district and $20,000,000 at all reporting member banks, and declined $8,000,000 in New York City. Government deposits declined $12,000,000 in the Boston district and at all reporting member banks. Deposits credited to domestic banks increased in most of the districts, the principal increases being $29,000,000 in New York City, $32,000,000 in the Chicago district, $17,000,000 in the Philadelphia district and $11,000,000 in the St.Louis district, and the total increase being $134,000,000. Borrowings of weekly reporting member banks were $8,000,000 on January 5. A summary of the principal assets and liabilities of the reporting member banks, together with changes for the week and the year ended January 5, 1938,follows: Jan. 5, 1938 A S S E T S Loans and Investments — total 21,249 Loans - total 9,226 Commercial, industrial, and agricultural loans I On securities 570 Otherwise secured and unsecured 3,947 Open market paper 465 840 Loans to brokers and dealers in securities Other loans for purchasing or carrying securitiesi 628 Real estate loans 1,163 Loans to banks 69 Other loans i On securities 723 Otherwise secured and unsecured 821 8,056 U. S. Government direct obligations Obligations fully guaranteed by U.S. Gov't 1,125 Other securities 2,842 Reserve with Federal Reserve banks 5,473 Cash in vault 322 Balances with domestic banks 1,918 L I A B I L I T I E S Demand deposits-adjusted 14,219 Time deposits 5,225 U. S. Government deposits 679 Inter-bank deposits t Domestic banks 5,224 441 Foreign banks 8 Borrowings http://fraser.stlouisfed.org/ "^Comparable figures not available. Federal Reserve Bank of St. Louis SB Increase or decrease since Jan. 6, Dec. 29, 1937 1937 -153 -161 -1,604 +l4l * * * -9 -75 +4 —54 -7 -2 +3 —14 -7 +38 +9 -39 +46 -33 +32 -1,247 -115 -383 +289 -89 -395 -212 +20 -12 +134 -1 -1 -1,206 +173 -23 -906 +25 +7 —415 * * * +8 +9 Form FFH284-a STATEMENT FOR THE PRESS Board of Governors of the Federal Reserve System January 6, 1938. For immediate release ASSETS AMD LIABILITIES OF WEEKLY REPORTING MEMBER BANKS IN CENTRAL RESERVE CITIES (In millions of dollars) New York City 1 9 3 7 19 3 8 Dec. 29 Jan. 6 Jan, 5 Chicago 19 3 7 19 3 8 Jan. 5 Dec. 29 Jan. 6 A S S E T S Loans and Investments - total 7,857 8,679 1,937 1,925 2,122 Loans - total 3,513 3,576 624 64l 635 * * * 30 385 27 38 34 395 27 39 * * * 74 13 1 75 13 1 * Commercial, industrial, and agricultural loans» 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 223 1,523 191 674 227 1,560 192. 719 1,042 51 * 128 38 217 129 34 233 193 239 196 * * 21 35 21 36 * * U. S.Gov't obligations Obligations fully guaranteed by U. S. Gov't Other securities 3,052 3,031 3,597 958 926 1,124 375 932 366 947 450 1,056 102 253 102 256 94 269 Reserve with F. R. bank Cash in vault Balances with domestic banks Other assets - net 2,586 56 73 •463 2,553 61 73 467 2,469 58 82 489 582 28 169 58 595 34 169 59 539 36 190 73 Demand deposits - adjusted Time'deposits U, S. Gov't deposits Interbank deposits I Domestic banks Fb reign banks 5,664 652 365 5,731 660 364 6,367 602 204 1,417 465 65 1,457 455 65 1,551 456 72 2,034 4o4 2,005 403 2,432 379 557 5 532 6 6l4 5 Borrowings Other liabilities Capital account 7 347 1,481 4 360 1,484 329 1,464 15 250 19 248 23 239 214 130 28 14 5 L I A B I L I T I E S ^Comparable figures not available. Form FRr284-b ASSETS AND LIABILITIES OF WEEKLY REPORTING MEMBER BANKS IB 101 LEADING CITIES ON JANUARY 5, 1938 (In millions of dollars) Total New All Boston York districts A S S E T S 21,249 Loans and Investments — total 9,226 Loans - total Commercial, industrial, and agricultural loansI 570 On securities 3,947 Otherwise secured & unsecured 465 Open market paper 840 Loans to brokers and dealers in securities Other loans for purchasing or 628 carrying securities 1,163 Real estate loans 69 Loans to banks Other loans I 723 On securities 821 Otherwise secured and unsecured 8,056 U.S.Gov't obligations 1,125 Obligations fully guaranteed by U.S.Gov't 2,842 Other securities 5,473 Reserve with F.R. bank 322 Cash in vault 1,918 Balances with domestic banks 1,255 Other assets - net L I A B I L I T I E S 14,219 Demand deposits — adjusted 5,225 Time deposits 679 U.S. Gov't deposits Inter-bank deposits-! 5,224 Domestic banks 441 Foreign banks 8 Borrowings 801 Other liabilities 3,620 Capital account Federal Phila- Cleve- Richmond delphia land District San Minne- Kansas Dallas St. Francisco City Louis apolis Reserve Atlanta Chicago 640 252 554 293 2,972 959 655 321 384 179 667 275 503 247 2,120 l,04l 642 3,853 454 1,823 710 38 262 77 29 235 1,644 203 685 45 165 21 19 45 240 18 23 15 99 15 4 12 148 4 6 51 529 48 45 50 149 10 5 10 78 7 2 17 157 20 4 11 146 3 3 4l 330 39 15 34 34 5 289 235 39 35 59 2 39 174 3 18 30 2 15 28 2 89 87 4 13 47 7 9 6 13 21 1 15 19 1 59 373 3 60 53 407 22 126 306 39 131 76 264 259 3,262 423 1,092 2,728 73 153 539 49 59 301 91 258 252 18 150 85 126 42 793 63 257 341 39 186 102 29 4o 279 48 61 135 18 109 37 25 53 155 32 74 103 11 103 37 46 60 1,434 190 389 796 63 338 88 11 29 195 46 93 142 11 111 23 12 55 152 13 4o 73 6 78 16 14 28 233 45 ll4 12 200 22 11 38 178 28 50 116 11 160 28 76 105 667 124 288 319 21 199 202 970 268 28 6,201 1,063 376 783 276 25 1.052 736 19 403 196 14 316 183 18 2,132 883 90 401 184 10 256 122 2 460 145 14 382 128 22 863 l,04l 61 213 9 2,102 405 7 358 1,611 276 3 318 1 211 755 6 251 113 1 349 198 1 243 13 16 349 25 90 195 2 1 5 88 7 56 3 92 6 81 312 328 23 238 — — 20 226 19 372 ~ — 7 89 — — 162
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