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STATEMENT FOR THE PRESS Board of Governors of t h e F e d e r a l Reserve System J a n u a r y 3 , 1938. Form FR-284 For immediate r e l e a s e Condition of Weekly R e p o r t i n g Member Banks i n 101 Leading C i t i e s The 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 101 l e a d i n g 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 t h e week ended December 29$ Decreases of $16,000,000 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 $49,000,000 i n h o l d i n g s of United S t a t e s Government d i r e c t o b l i g a t i o n s , and i n c r e a s e s of | 9 2 , 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 Reserve b a n k s , $61,000,000 i n b a l a n c e s with domestic b a n k s , and $48,000,000 i n d e p o s i t s c r e d i t e d t o d o m e s t i c b a n k s . 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 d e c l i n e d $ 7 , 0 0 0 , 0 0 0 i n New York City and $16,000,000 a t a l l r e p o r t i n g member b a n k s . 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 i n c r e a s e d $5,000,000 i n New York C i t y and $7,000,000 at a l l r e p o r t i n g member banks. Other l o a n s f o r p u r c h a s i n g o r c a r r y i n g s e c u r i t i e s d e c l i n e d $10,000,000 i n New York C i t y and $14,000,000 a t a l l r e p o r t i n g member banks. 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 $15,000,000 i n New York C i t y , $12,000,000 i n t h e Chicago d i s t r i c t and $49,000,000 a t a l l r e p o r t i n g member banks. Holdings of o b l i g a t i o n s f u l l y guaranteed by t h e United S t a t e s Government i n c r e a s e d $6,000,000.* Holdings of "Other s e c u r i t i e s " d e c l i n e d $4,000,000. Demand d e p o s i t s - a d j u s t e d i n c r e a s e d $20,000,000 i n t h e P h i l a d e l p h i a d i s t r i c t and $10,000,000 i n t h e Cleveland d i s t r i c t , and d e c l i n e d $18,000,000 i n t h e New York d i s t r i c t o u t s i d e of New York C i t y and $10,000,000 i n t h 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 a n e t i n c r e a s e of $8,000,000 f o r t h e week. D e p o s i t s c r e d i t e d t o domestic banks i n c r e a s e d $33,000,000 i n New York C i t y , $12,000,000 i n t h e Cleveland d i s t r i c t and $48,000,000 a t a l l r e p o r t i n g member b a n k s . Borrowings of weekly r e p o r t i n g member banks amounted t o $9,000,000 on December 29, an i n c r e a s e of $2,000,000 f o r t h e week. A summary of t h e 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 banks, t o g e t h e r w i t h changes f o r t h e week and t h e y e a r ended December 29, 1937, followst .. . . . .1 Dec, 29 1937 A S S E T S 21,402 Loans and I n v e s t m e n t s — t o t a l Loans - t o t a l 9,387 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 l On s e c u r i t i e s 579 4,022 Otherwise s e c u r e d and unsecured 461 Open market p a p e r 894 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 o r c a r r y i n g s e c u r i t i e s 635 Real e s t a t e l o a n s 1,165 66 Loans t o banks Other loans» On s e c u r i t i e s 737 828 O t h e r w i s e secured and unsecured 8,018 U. S. Government d i r e c t o b l i g a t i o n s 1,116 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 tf,. S. Gov't 2,881 Other s e c u r i t i e s Reserve with F e d e r a l Reserve banks 5,427 Cash i n v a u l t 355 1,886 Balances w i t h d o m e s t i c banks L I A B I L I T I E S 14,431 Demand d e p o s i t s - a d j u s t e d 5,205 Time d e p o s i t s 691 U. 8. Government d e p o s i t s 5,090 I n t e r - b a n k d e p o s i t s : Domestic banks 442 F o r e i g n banks 9 Borrowings "^Comparable f i g u r e s not a v a i l a b l e , Increase or decrease since Dec. 30, Dec. 22, 1936 1937 -78 -31 +3 -19 -11 +7 -l4 —1 -5 +10 -1 —49 +6 —4 +92 -12 +61 +8 +4 +2 +48 -2 +2 -1,529 +198 * * * -395 * +9 • — •— * -1,223 -122 -382 +264 -78 -459 -l,l4o +138 -11 -919 +15 -i4 Form FRr284»-a STAT BENT FOR THE PRESS Board o f Governors of t h e F e d e r a l Reserve System December 3 0 , 1937 For immediate r e l e a s e ASSETS AND LIABILITIES OF WEEKLY REPORTING MEJ.IBER BANKS IN CENTRAL RESERVE CITIES (in m i l l i o n s of d o l l a r s ) New York C i t y Chicago 19 3 7 19 3 6 1 9 3 7' 19 3 6 Dec. 29 Dec. 22 Dec. 30 Dec. 29 Dec. 22 Dec. 30 A S S E T S Loans and I n v e s t m e n t s — t o t a l 7,857 7,869 8,749 1,925 1,936 2,118 Loans — t o t a l 3,513 3,518 3,656 64l 649 628 227 1,560 192 719 233 1,561 194 714 * * 1,080 34 395 27 39 31 400 28 42 217 129 34 227 128 36 * 129 38 75 2>3 1 76 13 2 * 239 196 231 194 * * 21 36 21 36 * * U, S. d o v ' 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. Gov't Other s e c u r i t i e s 3,031 3,046 3,579 926 929 1,126 366 947 359 946 451 1,063 102 256 102 256 95 269 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 2,553 6i 73 467 2,515 69 71 468 2,467 66 90 496 595 34 169 59 595 33 160 58 569 38 192 77 C o m m e r c i a l , i n d u s t r i a l , and agricultural loansI On s e c u r i t i e s Otherwise secured & u n s e c u r e d Open market p a p e r Loans t o b r o k e r s and d e a l e r s Other l o a n s f o r p u r c h a s i n g o r carrying 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 t On s e c u r i t i e s Otherwise secured & unsecured * * * * 47 14 6 L I A B I L I T I E S Demand deposits— a d j u s t e d Time d e p o s i t s U. S. Gov't d e p o s i t s Inter-bank deposits i Domestic banks f b r e i g n banks 5,731 660 36-4 5,732 665 364 6,448 621 203 1,457 455 65 1,458 455 65 1,583 454 72 2,005 403 1,972 405 2,380 390 532 6 530 7 608 5 Borrowings Other l i a b i l i t i e s Capital account 4 360 1,484 3 367 1,484 22 353 1,451 — 19 248 — 20 247 33 239 "*Sbmparable f i g u r e s n p t a W L l a b l e . Form FR-284-b ASSETS AND LIABILITIES OF WEEKLY REPORTING MEMBER BANKS IN 101 LEADING CITIES ON DECEMBER 29, 1937 (In m i l l i o n s of d o l l a r s ) Total All Boston districts A S S E T S Loans and I n v e s t m e n t s - T o t a l Loans - t o t a l Commercial, i n d u s t r i a l , and agricultural loanst On s e c u r i t i e s Otherwise secured & unsecured Open market p a p e r 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 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 b a n k s Other loans I On s e c u r i t i e s O t h e r w i s e s e c u r e d and u n s e c u r e d U. S. G o v ' 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 Reserve w i t h F. R. bank Cash i n v a u l t Balances with domestic banks Other a s s e t s - net L I A B 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 depositst Domestic banks F o r e i g n banks Borrowings Other l i a b i l i t i e s Capital account Federal P h i l a - Cleve- Richd e l p h i a l a n d mond New York Reserve A t l a n t a Chicago District St. MinneLouis a p o l i s Kansas D a l l a s San City Francis90 21,402 9,387 1,198 644 8,725 3,957 1,110 458 1,828 712 645 257 556 295 2,973 981 658 324 387 179 672 278 509 253 2,l4l 1,049 579 4,022 461 894 38 260 79 30 241 1,684 203 733 45 169 18 21 43 243 17 24 15 100 15 4 12 149 4 6 55 543 47 47 50 151 10 5 10 79 7 1 18 158 21 4 11 150 3 3 41 336 37 16 635 1,165 66 34 83 ! 5 293 236 35 36 59 2 39 175 3 19 30 2 15 27 2 90 87 5 12 47 8 9 6 15 21 — 13 21 1 60 373 3 737 828 8,018 1,116 2,881 5,427 355 1,886 1,267 62 53 402 23 129 314 270 262 3,244 415 1,109 2,678 80 154 539 50 58 299 91 262 239 20 146 89 125 43 796 62 258 345 43 188 105 30 42 279 46 63 130 20 103 36 26 54 153 32 76 107 13 98 37 46 61 1,408 190 394 807 73 324 90 12 29 194 46 94 l4l 12 105 23 13 54 154 13 4l 73 6 80 16 14 28 235 45 ll4 161 13 222 23 11 39 178 28 50 113 12 158 28 78 105 676 125 291 319 23 193 201 14,431 5,205 691 966 268 6,267 1,069 375 792 272 25 1,070 733 20 4o4 321 183 18 2,182 872 89 408 183 10 261 121 2 488 145 14 391 128 22 881 1,038 62 5,090 442 9 843 3,626 198 10 1 26 238 2,068 405 259 3 316 1 723 7 240 191 — 113 1 349 — — — — — 240 13 — — — — — — — — 26 227 20 349 190 2 2 6 89 3 92 82 4o 115 80 4o 4 373 1,615 193 l4 203 — — 2 25 93 23 371 8 90 — — — • 8 56 6 319 324
@FedFRASER