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STATEMENT FOB THE PRESS For immediate r e l e a s e b-so4 F e d e r a l Reserve Board January 21, 1935* CONDITION OF WEEKLY REPORTING MEMBER BANKS IN LEADING CITIES The F e d e r a l Reserve B o a r d ' s c o n d i t i o n statement of weekly r e p o r t i n g member banks in $1 l e a d i n g c i t i e s on January l 6 shows i n c r e a s e s f o r the week of $106,000,000 i n t o t a l l o a n s and i n v e s t m e n t s , $1$%,000,000 i n n e t demand d e p o s i t s and $66,000,000 i n r e s e r v e "balances with F e d e r a l Reserve b a n k s . Loans on s e c u r i t i e s to b r o k e r s and d e a l e r s i n New York C i t y i n c r e a s e d $36,000,000 a t r e p o r t i n g member banks i n t h e New York d i s t r i c t and $38,000,000 a t a l l r e p o r t i n g member banks; l o a n s on s e c u r i t i e s to b r o k e r s and d e a l e r s o u t s i d e New York City i n c r e a s e d $5,000,000 i n the Chicago d i s t r i c t and $7,000,000 a t a l l r e p o r t ing banks; and l o a n s on s e c u r i t i e s to o t h e r s i n c r e a s e d $10,000,000 i n the New York d i s t r i c t and d e c l i n e d a l i k e amount i n the o t h e r d i s t r i c t s . Holdings of acceptances and commercial paper d e c l i n e d $4,000,000 i n the New York d i s t r i c t and a t a l l r e p o r t i n g member banks; r e a l e s t a t e loans showed l i t t l e change f o r the week; and "other l o a n s " d e c l i n e d $13,000,000, Holdings of United S t a t e s Governrssnt d i r e c t o b l i g a t i o n s i n c r e a s e d $7$,000,000 i n the New York d i s t r i c t and $39*000,000 a t a l l r e p o r t i n g member banks, and d e c l i n e d $12,000,000 i n the Kansas City d i s t r i c t , $10,000,000 i n the S t . Louis d i s t r i c t and $16,000,000 i n the o t h e r d i s t r i c t s ; h o l d i n g s of o b l i g a t i o n s f u l l y g u a r a n t e e d by the United S t a t e s Government i n c r e a s e d $5,000,000 i n the Chicago d i s t r i c t and $14,000,000 a t a l l r e p o r t i n g member banks; and h o l d i n g s of o t h e r s e c u r i t i e s i n creased $29,000,000 i n the New York d i s t r i c t and $24,000,000 a t a l l r e p o r t i n g banks. Licensed member banks f o r m e r l y i n c l u d e d i n the c o n d i t i o n s t a t e m e n t of member banks i n 101 l e a d i n g c i t i e s , b u t n o t now included i n the weekly statement, had t o t a l l o a n s and i n v e s t m e n t s of $1,219,000,000 and n e t demand, time and Government d e p o s i t s of $1,400,000,000, compared w i t h $1,231,000,000 and $1,399,000,000, r e s p e c t i v e l y , on January 9 . , A summary of the 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 the r e p o r t i n g member banks, i n 91 l e a d i n g c i t i e s , t h a t a r e now i n c l u d e d i n the s t a t e m e n t , t o g e t h e r w i t h changes f o r the week and the y e a r ended January l 6 , 1935, f o l l o w s ; ( I n m i l l i o n s of d o l l a r s ) J a n . 16.1935 Loans and investments - t o t a l 18.264 I n c r e a s e or d e c r e a s e s i n c e J a n . 9.1935 J a n . 17. 1934 +106 +1.817 Loans on s e c u r i t i e s - t o t a l To brokers and dealers: In New York Outside New York To o t h e r s 3.070 . +45 -4l6 753 168 2,l4g +38 +7 — + 90 + 29 -535 Acceptances and commercial paper bought Loans on r e a l e s t a t e Other loans 4j6 97& 3*125 «• 4) + l) -13) -195 U.„S.,. Government d i r e c t o b l i g a t i o n s Obligations" ful-ly. guaranteed by U.S.Govt. . Other s e c u r i t i e s 7,231 602 2,824 • +39 +l4) +24) +2,008 +420 Reserve w i t h F» R. banks Cash i n v a u l t 3,27*+ 265 +66 -19• +1,300 + 3& Net demand d e p o s i t s Time d e p o s i t s Government d e p o s i t s Due from banks Due to banks Borrowings from F . R. banks 13,862 4,397 1,332 +197 — - 4 +2,768 + 45 +869 1*799 4,270 +93 +l4l +525 +1,362 9 + 9 - 12 t Federal Reserve Board January 17, 1935• For immediate r e l e a s e CONDITION 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 ) Jan. 16 1915 NEW YORK Loans and investments total Loans on s e c u r i t i e s - t o t a l To "brokers and d e a l e r s : In New York Outside New York To others Acceptances and commercial paper "bought Loans on r e a l e s t a t e Other loans Jan. 9 1935 Jan. 17 193% 7,487 7,332 6,579 1,465 1.415 1.620 603 55 564 54 797 564 44 1,012 807 227 131 231) 130) 1,183) U. S» Government d i r e c t o b l i g a t i o n s Obligations f u l l y guaranteed by U.S.Govt, Other s e c u r i t i e s 3,209 268 1,006 3,127 269) 977) Reserve with F, R. bank Cash in vault 1,505 4o 1,527 45 846 37 Net demand d e p o s i t s Time deposits Government d e p o s i t s 6,684 609 731 6,560 605 731 5,335 696 224 Due from banks Due to banks 73 1,870 71 1,785 1,221 1,531. 1,55% 1,303 1,181 1,659 2,185 1,115 74 Borrowings from F. R. bank CHICAGO Loans and investments - t o t a l Loans on s e c u r i t i e s - t o t a l To brokers and d e a l e r s : In New York Outside New York To others 234 23.1. 280 26 29 179 % 180 17 30 233 Acceptances and commercial paper bought Loans on r e a l e s t a t e Other loans 61 19 212 S) 211) 302 U. S. Government d i r e c t o b l i g a t i o n s Obligations f u l l y guaranteed by U.S.Govt. Other s e c u r i t i e s 732 78 217 734 78) 220) 437 Reserve with F„ R. bank Cash in v a u l t 476 36 452 33 324 42 1,439 382 46 1,469 1,117 3 5 Net demand d e p o s i t s •'Time deposits Government d e p o s i t s Due from banks Dae to banks 179 459 S 284 s 182 449 .294 Borrowings' from F . R. bank (B-804a) For immediate r e l e a s e PRINCIPAL ASSETS AND LIABILITIES 0? WEEKLY REPORTING MEMBER BANKS H TJEADIHG CITIES, BY DISTRICTS, OH JJEUA£Yl6, Br-804b 1935 ( I n m i l l i o n s of d o l l a r s ) Total New Boston York 425 18,264 1.143 8.177 3,070 218 1,669 753 168 2,1%9 21 32 165 636 57 976 22 17 l6S 2 7 169 6 1 50 a Acceptances and commercial paper "bought Loans on real estate Other loans 436 976 3,125 46 92 259 229 250 1,327 20 71 172 2 75 130 13 17 79 TJ. S . Government d i r e c t o b l i g a t i o n s O b l i g a t i o n s f u l l y guaranteed by U.S.Govi . Other s e c u r i t i e s 7,231 602 2,824 366 9 153 3,390 294 1,218 288 US 29+ 595 23 187 Reserve w i t h F . R. banks Cash i n v a u l t 3,27^ 265 256 69 1.57S 55 153 13 13,862 4,397 1,332 936 319 92 7,160 1,022 768 725 309 77 % 1,799 4,270 121 213 158 1,933 167 258 120 188 Loans and i n v e s t m e n t s - t o t a l Loans on s e c u r i t i e s - t o t a l To b r o k e r s and d e a l e r s : In Hew York O u t s i d e Hew York To o t h e r s N e t demand d e p o s i t s Time d e p o s i t s Government d e p o s i t s Due from banks Due to banks Borrowings from F . R. banks .. 9 __ Dallas Atlanta 54 48 206 1 1 33 6 3 45 4 l 43 20 10 176 I 16 14 112 3 19 345 310 241 15 115 179 8 672 43 333 69 4 107 11 79 8 180 15 38O 164 32 263 295 "I 481 162 26 15 744 950 103 102 179 98 U7 233 282 157 139 220 216 67 SI 280 4 28 32 220 60 2 12 121 34 289 10 37 109 132 9 58 104 11 47 922 101 259 189 26 94 149 19 47 11 28 6 524 46 104 8 696 240 136 10 192 126 34 1,750 520 66 87 102 # 85 252 558 178 . 9 2 101 15 55 l
@FedFRASER