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STATEMENT FOR THE PRESS For immediate r e l e a s e B-80U F e d e r a l R e s e r v e Board J a n u a r y 28, 1935* CONDITION OF WEEKLY REPORTIHG MEMBER BAMS IN LEADING CITIES The F e d e r a l R e s e r v e B o a r d ' s c o n d i t i o n s t a t e m e n t of weekly 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 on J a n u a r y 23 shows i n c r e a s e s f o r the week of $54,000,000 i n n e t demand d e p o s i t s , $ 3 2 , 0 0 0 , 0 0 0 i n time d e p o s i t s and $ 1 2 7 , 0 0 0 , 0 0 0 i n r e s e r v e b a l a n c e s w i t h F e d e r a l R e s e r v e b a n k s , and d e c r e a s e s of $ 3 9 , 0 0 0 , 0 0 0 i n Government d e p o s i t s and $ 7 , 0 0 0 , 0 0 0 i n t o t a l l o a n s and i n v e s t m e n t s . ! j t ' • 1 Loans on s e c u r i t i e s t o b r o k e r s and d e a l e r s i n Hew York C i t y d e c l i n e d $ 2 9 , 0 0 0 , 0 0 0 a t member banks i n the New York d i s t r i c t and $ 3 0 , 0 0 0 , 0 0 0 a t a l l r e p o r t i n g member b a n k s ; 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 C i t y d e c l i n e d $ 3 , 0 0 0 , 0 0 0 i n the Chicago d i s t r i c t and $ 4 , 0 0 0 , 0 0 0 a t a l l r e p o r t i n g b a n k s ; and l o a n s on s e c u r i t i e s t o o t h e r s i n c r e a s e d $ 1 3 , 0 0 0 , 0 0 0 i n the Mew York d i s t r i c t and $ 9 , 0 0 0 , 0 0 0 a t a l l r e p o r t i n g b a n k s . H o l d i n g s of a c c e p t a n c e s and commercial p a p e r i n c r e a s e d $ 1 4 , 0 0 0 , 0 0 0 i n t h e New York d i s t r i c t and $ 1 3 , 0 0 0 , 0 0 0 a t a l l r e p o r t i n g member b a n k s , w h i l e r e a l e s t a t e l o a n s and " o t h e r l o a n s " showed l i t t l e change f o r the week. Holdings of U n i t e d S t a t e s Government d i r e c t o b l i g a t i o n s d e c l i n e d $ 3 7 , 0 0 0 , 0 0 0 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 $ 7 , 0 0 0 , 0 0 0 i n the D a l l a s d i s t r i c t , and i n c r e a s e d $ 1 8 , 0 0 0 , 0 0 0 i n t h e Chicago d i s t r i c t and o l 3 , 0 0 0 , 0 0 u in. t n e Boston d i s t r i c t , a l l r e p o r t i n g member banks showing p r a c t i c a l l y no change f o r the week; 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 U n i t e d S t a t e s Government i n c r e a s e d somewhat i n a number of d i s t r i c t s , t h e n e t i n c r e a s e a t a l l r e p o r t i n g banks b e i n g $ 1 3 , 0 0 0 , 0 0 0 ; 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 d e c l i n e d ^ 5 , 0 0 0 , 0 0 0 . L i c e n s e d member b a n k s 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 i n c l u d e d i n the weekly s t a t e m e n t , 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 , 2 2 0 , 0 0 0 , 0 0 0 and n e t demand, time and Government d e p o s i t s of $ 1 , 3 8 9 , 0 0 0 , 0 0 0 , compared w i t h $ 1 , 2 1 9 , 0 0 0 , 0 0 0 and $ 1 , 4 0 0 , 0 0 0 , 0 0 0 , r e s p e c t i v e l y , on J a n u a r y l 6 . 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 t h e r e p o r t i n g member b a n k s , 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 J a n u a r y 23, 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 . 23.1935 Increase or decrease since J a n . 16.1935 J a n . 24. 1934 18,257 - 7 +I,s6l 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 Hew York O u t s i d e Mew York To o t h e r s 3,045 -25 -453 723 164 2,15s + 9 + 39 + 24 -516 Acceptances and commercial p a p e r "bought Loans on r e a l e s t a t e Other l o a n s 449 973 3,124 +13) - 3) - 1) U. 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 g u a r a n t e e d by U . S . G o v t . Other s e c u r i t i e s 7,235 612 2,819 + 1* +13*) Reserve w i t h F . E . banks Cash i n v a u l t 3,401 267 +127 + 2 +1,354 + 35 13,916 4,429 1,293 +54 +32 -39 +2,775 +57 +923 1,770 4,259 -29 -11 +462 +1,258 1 - 8 -19 Loans and i n v e s t m e n t s - t o t a l 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 b a n k s Borrowings from F . B. b a n k s - 5.) -167 +1,990 +491 *January l 6 f i g u r e s r e v i s e d . (Chicago d i s t r i c t ) 1 f—4 CONDITIO# OF WEEKLY REPORTING MEMBER BA2TXS ( i n m i l l i o n s of d o l l a r s ) 1 F e d e r a l Reserve Board January 24, 1935* For immediate r e l e a s e CITIES J a n . 23 1935 Jan. l6 1935 J a n . 24 1934 Loans and i n v e s t m e n t s - t o t a l 7,465 7,487 6,569 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 Outside Mew York To o t h e r s 1.454 1.465 1,646 579 55 820 603 55 207 587 43 1,016 Acceptances and commercial p a p e r bought Loans on r e a l e s t a t e Other loans 240 131 1,186 227) 131) 1,181) U, 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 g u a r a n t e e d by U.S.Govt. Other s e c u r i t i e s 3,179 272 1,003 3,209 268) 1,006) Reserve with F. R. bank Cash i n v a u l t 1,646 42 1,505 40 ' 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 6,775 619 713 6,684 609 731 5,384 70s 184 Due frcun banks Due to banks 74 1,867 73 1,870 7% 1,276 1,568 1,553 1,300 HEW YORK 1,666 2,201 1,056 902 38 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 b r o k e r s and d e a l e r s : In Hew York Outside Hew York To o t h e r s 230 234 278 26 26 178 26 29 179 17 29 232 Acceptances and commercial p a p e r bought Loans on r e a l e s t a t e Other l o a n s 57 19 212 61) 19) 212) 298 U. 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 g u a r a n t e e d by U.S.Govt. Other s e c u r i t i e s 759 78 213 732 78) 217) 437 Reserve with ? . R. bank Cash i n v a u l t 484 36 476 36 322 42 1,507 3Sb 45 1,489 382 46 1,112 338 27 172 465 179 459 194 307 Met 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 287 Borrowings from F. E. "bank (B-804a For immediate r e l e a s e PRINCIPAL ASSETS AH) LIABILITIES OF WEEKLY REPORTING MEMBER BANKS I1T LEAD III G CITIES, BY DISTRICTS, OH JANUARY 23, 1935 ( i n m i l l i o n s of d o l l a r s ) Hew Total Boston York Federal ClevePhiladelphia Reserve Rich- St. A t l a n t a Chicago mond land Louis District Minn- Kansas eapolis City San Dallas Francisco 18,257 1,154 8,337 1,075 1.191 369 346 1,966 538 356 566 424 1,935 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 Hew York To o t h e r s 3,045 216 1,653 206 177 57 51 276 67 33 53 49 207 723 164 2,158 20 32 164 607 57 989 22 2 4 167 168' 6 l 50 Hi 28 29 219 4 4 59 1 32 6 2 45 4 1 44 20 10 177 Acceptances and commercial p a p e r bought Loans on r e a l e s t a t e Other l o a n s 449 97? 3,124 46 91 259 243 250 1,331 21 71 173 2 74 130 13 17 79 2 12 121 68 34 287 10 37 109 I 101 16 14 ill 3 23 115 20 344 308 U. 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.Govt. Other s e c u r i t i e s 7,235 612 2,819 379 10 153 3,353 293 1,214 290 50 264 598 23 187 135 9 59 103 10 47 943 101 257 190 28 97 240 17 115 172 21 4i 680 45 331 Reserve w i t h F . 3 . banks Cash i n v a u l t 3,401 267 246 69 1,715 57 147 13 149 19 50 11 28 6 % io4 8 104 11 85 8 173 15 13,916 4,429 1,293 938 318 89 7,2l6 1,034 7 48 716 317 74 695 438 53 240 137 10 191 128 34 1,765 524 65 390 164 27 259 128 6 25 305 125 61 730 953 101 1,770 4,259 111 208 148 1,930 171 24s 124 188 88 103 85 83 245 563 102 181 96 117 233 281 155 142 212 215 .Loans ana jliiv go viLGXi uo — w wax 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 1 —* — —'— —— 152 54 w — l