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STATEMENT FOR THE PRESS Form FR-284 For immediate release Board of Governors of the Federal Reserve System January 16, 1939 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 11* Increases of $162,000,000 in demand deposits-adjusted and $134,000,000 in reserve balances with Federal Reserve banks, and a decrease of $108,000,000 in deposits credited to domestic banks. Commercial, industrial and agricultural loans increased $4,000,000 in New York City and declined somewhat in a number of the Federal Reserve districts, with the result that all reporting member banks showed a net decrease of £38,000,000 for the week. Loans to brokers and dealers declined $13,000,000 in New York City and $20,000,000 at all reporting member banks. Loans to banks increased $8,000,000 in New York City. "Other loans" declined $14,000,000. Holdings of United States Government direct obligations increased $32,000,000 in the Chicago district and $12,000,000 in the San Francisco district, and declined $12,000,000 in the New York district and $9,000,000 in the Dallas district, all reporting member banks showing a net increase of $17,000,000 for the week. Holdings of obligations fully guaranteed by the United States Government declined $20,000,000 in New York City and $17,000,000 at all reporting member banks. Demand deposits-adjusted increased $97,000,000 in New York City, $19,000,000 in the Kansas City district and $15,000,000 in the San Francisco district, and declined $25,000,000 in the Chicago district, all reporting member banks showing a net increase of $162,000,000 for the week* Time deposits increased $11,000,000 in the Chicago district and $16,000,000 at all reporting member banks. Deposits credited to domestic banks declined $52,000,000 in New York City, $17,000,000 in the Kansas City district, $10,000,000 in the Dallas district and $108,000,000 at all reporting member banks. Weekly reporting member banks reported no borrowings on January 11# A summary of the principal assets and liabilities of reporting member banks, together with changes-for the week and the year ended January 11, 1939, followst Jan. 11, 1939 A S S E T S Loans and Investments — total 21,477 Increase or decrease since Jan, 12, Jan# 4, 1938 1939 - 49 + 144 + + + 828 683 137 22 79 5 4l 3 + + + 109 584 279 Loans — total Commercial, industrial, and agricultural loans Open market paper . Loans to brokers and dealers in securities Other loans for purchasing or carrying securities Real estate loans Loans to banks Other loans 8,367 3,818 323 864 546 1,169 107 1,540 — + + - U. S. Government direct obligations Obligations fully guaranteed by U.S. Gov*t Other securities 8,206 1,715 3,189 + 17 - 17 ~ Reserve with Federal Reserve banks Cash in vault Balances with domestic banks 7,371 456 2,522 +134 + 4 - 37 + 1,771 + 126 + 565 16,050 5,177 632 +162 + 16 + 2 — 6,249 520 -108 + 1 + + 45 8* 1 20 13 3* 8 l4 A — • — + - L I A B I L I T I E S Demand deposits-adjusted Time deposits U, S. Government deposits Inter—bank deposits t Domestic banks Borrowings + 1,587 26 43 985 88 6 *Jan. 4 figures- revised. (Chicago district) Form FB-284-a STATEMENT FOR THE PRESS Board of Governors of the Federal Reserve System January 12, 1939 For Immediate release ASSETS AND LIABILITIES OF WEEKLY REPORTING MEMBER BANKS IN CENTRAL RESERVE CITIES (in millions of dollars) 1few York City Increase or Jan. decrease since 11, Jan. 4, Jan. 12, 1938 1939 j ' 1939 Jan. 11, 1939 Chicago Increase or decrease since Jan. 4, Jan. 12, 1938 1939 A S S E T S Loans and Investments — total 7,669 — 38 Loans — total 3,008 I H 1,381 129 704 + 4 + 1 . - 13 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 190 117 - 11 - 1 + 8 401 - 3 2,742 — 6 86 — 1 ~ 96 + 3 — 2,056 - 405 526 340 4" 359 57 22 23 12 49 25 66 13 53 1 327 1,099 + 33 113 "318 772 — 18 36 1,083 + 3 Reserve with F. R. bank Cash in vault Balances with domestic banks Other assets — net 4,119 61 72 409 + 82 —"1 - 1 ~ 11 +1,459 45 -f 1 66 6,714 - 116 + 97 + 4 - 1 929 28 248 1,609 470 83 2,618 457 - 52 - 1 4 535 692 + — 4- 453 96 - 20 +115 183 U, S, Gov't obligations Obligations fully guaranteed by U. S. Gov't Other securities 836 + 29 - 36 219 48 + - 79 - 8 4 - 1 1 1 1 - 7 — - 1 • +137.: 1 4 + 11 + 63 32 3 20 1 +154 + 8 + 70 - 10 36 11 +179 + 5 + 18 — 1 +12$ + 4 <•** 1 + - «"* — — L I A B I L I T I E S Demand deposits-adjusted Time deposits IT. 3. Gov't deposits Intei^bank deposits* Domestic banks Foreign banks Borrowings Other liabilities Capital accounts 613 • 332 1,480 + • • - 19 + 3 - # 6 29 2 • W 13 254 2 5 Form F!fc-284—b ASSETS AND LIABILITIES OF WEEKLY REPORTING MEMBER BANKS IN 101 LEADING CITIES ON JANUARY 11, 1939 I ' New York ^ ^ T T ft Z*e \ F e d e r a l R e s e r v e D i s t r i c t • 3 b, Minne— 1 Kansas RichClevePhila— Dallas Atlanta Chicago Louis apolis | City delpid.a land mond 21,477 1,143 8,515 1,155 1,848 666 601 3,118 703 373 656 521 2,178 Loans - total Commercial, industrial, and agricultural loans Open market paper Loans to brokers and dealers in securities Other loans for purchasing or carrying securities Real estate loans Loans to banks Other loans 8,367 575 3,381 419 644 240 310 849 312 158 260 242 977 3,818 1,482 136 181 234 173 3 7 477 32 4i 189 3 7 77 4 158 17 5 159 1 3 333 323 864 251 65 30 546 32 16 28 13 82 13 48 7 45 12 107 1,540 78 97 4 120 7 7 H A S S E T S Loans and Investments - total Boston n 4 Total All districts •*- X-s —v* «! r* 61 23 1 44 46 1 176 U, S. Gov't obligations Obligations fully guaranteed by U.S.Gov't Other securities 8,206 1,715 3,189 Reserve with F. R. bank Cash in vault Balances with domestic banks Other assets - net 710 18 23 104 10 4 256 22 16 86 489 32 57 2 107 171 2 184 33 1 72 409 30 129 2,979 901 1,254 364 90 282 833 96 275 322 39 65 162 43 86 1,588 226 455 232 58 101 159 15 4l 208 51 137 180 43 56 770 123 308 7,371 456 2,522 1,226 357 142 154 73 4,265 79 188 528 267 20 171 81 371 45 283 100 166 20 147 31 114 13 > 134 39 989 68 433 79 159 12 133 23 75 8 118 15 161 13 264 21 115 12 219 26 332 24 278 210 16,050 5,177 632 1,070 249 15 7,334 1,004 134 801 1,145 280 734 42 54 44o 196 28 348 182 42 2,332 890 129 449 186 18 274 120 2 498 l44 22 426 134 36 933 1,058 110 6,249 520 252 20 2,694 459 312 9 344 1 244 233 1 925 11 281 128 1 351 208 1 277 17 748 3,676 21 242 342 1,608 17 221 15 366 28 94 4 91 16 384 5 91 8 56 3 97 5 83 284 343 1 81 222 22 8 1 2 20 22 14 49 382 L I A B I L I T I E S Demand deposits-adjusted Time deposits U. S. Gov't deposits Inter-bank deposits: Domestic banks Foreign banks Borrowings Other liabilities Capital account
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