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Form FR-284 STATEMENT FOR THE PRESS Board of Governors of the Federal Reserve System January 22, 19-40 For immediate r e l e a s e 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 January 17: A dec r e a s e of $33,000,000 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 , and i n c r e a s e s of $62,000,000 i n holdings of United S t a t e s Treasury b i l l s , §00,000,000 i n United S t a t e s Government bonds, $147,000,000 i n r e s e r v e balances witn f e d e r a l Reserve banks, $156,000,000 i n demand d e p o s i t s - a d j u s t e d and $137,000,000 i n dep o s i t s c r e d i t e d t o domestic banks. Of the t o t a l decrease of $33,000,000 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 , $21,000,000 was r e p o r t e d by banks i n New York City, Loans to oroleers and d e a l e r s d e c l i n e d $21,000,000 i n New York City and $25,000,000 at a l l ropo^uing member banks. Real e s t a t e loans declined $7,000,000 i n the P h i l a d e l p h i a d i s t r i c t . Holdings of United S t a t e s Treasury b i l l s increased $72,000,000 i n the Chicago d i s t r i c t and $62,000,000 a t a l l r e p o r t i n g member banks. Holdings^of United S t a t e s Government bonds i n c r e a s e d $123,000,000 i n New York C i t y , and declined $29,000,000 i n t h e New York d i s t r i c t o u t s i d e New York City and $l4,000,000^in the S t . Louis d i s t r i c t , a l l r e p o r t i n g member banks showing a net i n c r e a s e of $80,000,000 f o r t h e v;eek. Holdings of o b l i g a t i o n s guaranteed by the United S t a t e s i n c r e a s e d $11,000,000. Holdings of "Other s e c u r i t i e s " showed l i t t l e change f o r t h e week. Demand deposits—adjusted increased $76,000,000 i n New York C i t y , $^6,000,000 i n t h e Chicago d i s t r i c t , $16,000,000 i n the Cleveland d i s t r i c t and $156,000,000 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 declined $19,000,000 i n t h e P h i l a d e l p h i a district.^ Deposits c r e d i t e d t o domestic banks i n c r e a s e d $92,000,000 i n New York City, $12,000,000 i n the P h i l a d e l p h i a d i s t r i c t , $11,000,000 i n the Chicago d i s t r i c t and $137,000,000 a t a l l r e p o r t i n g member banks. Deposits c r e d i t e d t o f o r e i g n banks i n c r e a s e d $20,000,000. 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 r e p o r t i n g member banks, t o g e t h e r with changes f o r t h e week end t h e year ended January 17,1940, follows $ (In m i l l i o n s of d o l l a r s ) . I I n c r e a s e or decrease since_ J a n . 13, 1939 ASSETS +1,773 + 81 Loans and Investments — t o t a l 23,212 + 289 - 67 Loans — t o t a l 8,579 + 541 - 33 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 4,330 2 + 9 Open market paper 323 - 182 - 25 Loans t o brokers and d e a l e r s i n s e c u r i t i e s 644- 1 43 Other loans f o r purchasing or carrying s e c u r i t i e s 500 + 10 - 7* Real e s t a t e l o a n s 1,180 50 6 Loans t o banks 4-5 + 15 - 4 Other loans 1,557 + 62) Treasury b i l l s 711 - 6) + 731 Treasury n o t e s l,76l + 80) U. S. bonds 6,441 + 679 + 11 Obligations guaranteed by U. 8. Gov't 2,4ll + 74 + 1 Other s e c u r i t i e s 3,309 +2,525 +147 Reserve with F e d e r a l Reserve banks 10,070 + 50 - 35 Cash i n v a u l t 474 + 80 + 532 Balances with domestic banks 3,H6 L I A B I L I T I E S +2,855 Demand deposits—adjusted 18,979 +156 + 85 Time d e p o s i t s 5,259 - 15* 58 U. S. Government d e p o s i t s 572 - 11 Inter—bank d e p o s i t s I „ +1,768 Domestic banks 8,123 +137 + 210 Foreign banks 751 +20 Borrowings — •s^These changes and, to some e x t e n t , t h e changes i n other i t e m s , are a r e s u l t of t h e c e s s a t i o n of o p e r a t i o n s by a P h i l a d e l p h i a r e p o r t i n g bank,, Form FR-284 STATEMENT FOE THE PRESS Board of Governors of t h e Federal Reserve Syi ;tem January IS,1940 For immediate releac ASSETS AHD LIABILITIES OF V2EEKLY REPORTING MEMBER 3AUKS IN C E I M L RESERVE CITIES (in m i l l i o n s of d o l l a r s ) N<2w York City Increase <or decrease since Jan. 17, Jan,, 10, Jan . 18, 194-0 1940 1939 Jan. 17, 1940 Chicago Increase or decrease since Jan. 10, Jan . 13, 1940 1939 ASSETS Loans and Investments - t o t a l 8,789 + 80 +1 ,174 Loans - t o t a l 2,977 — 51 4- 25 21 2 21 + 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 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 loans Loans t o banks Other loans 1,672 109 498 177 ' 111 33 372 —* — + - 1 1 6 1 Treasury b i l l s Treasury notes U, 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 280 705 2,430 8) 1) +123) 1,226 1,171 + + 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 5,820 77 81 359 4" 85 — 4 4- 2 4* 1 11 4 - — + 80 4- 2.40 570 + 4 4- IB 301 18 177 385 19 35 + 3 4- ]_ - 1 444- 46 1 2 12 5 35 29 65 14 —-— — 52 4- 1 + 72) —• ~ - 2,325 + 730 363 166 712. + 373 177 337 + 1 +1 ,5.12. + 23 + 7 — 62 894 39 240 46 - 38 - 5 - 15 ' + 1 + J'.'O - ) + 3) —— 4- 1 - 1 4- 111 4- 64 17 4- + 44— 147 6 24 3 L I A B I L I T I E S Demand d e p o s i t s 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 t Domestic banks Foreign banks 8,483 657 45 + 76 + 3 5 +1,690 + 44 «— 72 1,791 497 83 + 1 4- 2 + 3,501 683 .+ 92 4* 14 + 833 205 904 8 + 19 4- 206 — 2 Borrowings Other l i a b i l i t i e s CAPITAL ACCOUNTS 271 1,486 17 244 4> 4 - 3 4- + 4- —, — 17 4* 1 - - + 52 6 — 188 28 y— * 2 8 Form FE—2.84—b ASSETS AND LIABILITIES OF WEEKLY REPORTING MEMBER BAIIKS III 101 LEADING CITIES OH JANUARY 17, 1940 (In m i l l i o n s of d o l l a r s ) F e d e r a l Reserve D i s t r i c t Total San Minne- Kansas Dallas Rich- A t l a n t a Chicago S t . Clevejew | P h i l a All Boston F r a ncisco City Louis a p o l i s j d e l p h i a l a n d mond 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 agricultural loans Open market paper Loans t o b r o k e r s 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 p u r c h a s i n g 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 l o a n s Loans t o banks Other l o a n s Treasury b i l l s Treasury n o t e s U. S. bonds O b l i g a t i o n s guaranteed by U.S. G o v ' t . Other s e c u r i t i e s Reserve w i t h F» R. bank Cash i n v a u l t Balances w i t h domestic banks Other a s s e t s - n e t 20 81 1 125 232 198 38 461 32 49 1 92 25 173 2 193 711 1,761 6,441 2,411 3,309 11 44 347 55 116 286 747 2,611 1,309 1,329 33 333 100 267 O 188 640 121 283 10,070 474 3,116 1,207 493 143 174 80 6,005 95 215 448 471 19 225 89 18,979 5,259 572 1,196 235 14 9,121 1,030 65 8,123 751 33 4 23 3,591 685 291 66 20 500 1,180 45 1,557 —. 73 99 3 2 lol 18 4 186 2 3 325 7 10 10 115 12 51 2 57 11 31 1 89 253 9 20 4,330 323 644 296 74 113 15 40 193 23 25 3,332 200 10 5 175 4 5 1,784 115 504 6o4 2,266 530 36 40 113 17 3 415 8,579 545 281 337 316 636 1,148 631 698 713 261 9,614 404 190 3,415 908 1,915 675 23,212 1,177 — — 689 3,706 20 245 14 22 385 56 54 173 AS 7 165 167 56 64 2 30 116 72 100 363 306 1,038 308 492 3 44140 70 104 28 120 22 44 14 67 105 61 138 17 44 93 53 57 731 184 315 556 44 347 98 192 22 197 36 128 . 1,197 71 13 548 207 78 46 221 11 200 22 100 7 115 15 193 16 320 9? 138 11 276 29 376 22 292 244 966 262 53 1,338 736 47 492 199 32 405 186 44 2,630 944 134 477 190 18 299 119 2 535 146 24 467 137 31 1,053 1,075 108 434 448 310 1 292 1,188 368 153 1 422 274 1 309 23 17 214 14 376 30 96 9 93 21 383 5 94 8 59 3 102 3 86 350 —— 1 — 277 1,608 2.0 13 27 L I AB 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. G o v ' 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 964 9 65 282.
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