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Form FR-284 For immediate r e l e a s e STATEMENT FOR THE PRESS Board of Governors of the F e d e r a l Reserve System January 31, 1938# Condition of Weekly Reporting Member Banks i n 101 Leading C i t i e s The condition statement 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 the following p r i n c i p a l changes f o r the week ended January 261 A decrease of 143,000,000 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 an i n c r e a s e of $33,000,000 i n holdings 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 j i n c r e a s e s of $88,000,000 i n r e s e r v e balances with Federal Reserve banks and $23,000,000 i n balances with domestic banks; and i n c r e a s e s of $96,000,000 i n demand d e p o s i t s - a d j u s t e d and $14,000,000 i n time d e p o s i t 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 declined $20,000,000 i n New York City, $6,000,000 i n t h e Chicago d i s t r i c t , and $43,000,000 a t a l l r e p o r t i n g member banks. Other c l a s s e s of loans show l i t t l e change f o r t h e week. Holdings 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 i n c r e a s e d $29,000,000 i n New York C i t y , $9,000,000 i n t h e Chicago d i s t r i c t , $7,000,000 i n t h e Richmond d i s t r i c t and $33,000,000 at a l l r e p o r t i n g member banks, and d e c l i n e d $6,000,000 i n the Kansas City d i s t r i c t . 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 $9,000,000. Holdings of "Other s e c u r i t i e s " show a small d e c l i n e f o r t h e week. 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 $47,000,000 i n New York City, $21,000,000 i n t h e Chicago d i s t r i c t and $11,000,000 i n the Boston d i s t r i c t , and declined $12,000,000 i n t h e Cleveland 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 $96,000,000 f o r t h e week. Time d e p o s i t s inc re ase d $10,000,000 i n New York City and $14,000,000 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 domestic banks showed r e l a t i v e l y l i t t l e change f o r the week, a l l r e p o r t i n g member banks showing a net d e c l i n e of $11,000,000. 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 $4,0£)0,000. Borrowings of weekly r e p o r t i n g member banks amounted t o $1,000,000 on January 26, 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 the 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 and t h e year ended January 26, 1938, follows I ( i n m i l l i o n s of dol J . a r s ) I n c r e a s e or decrease since Jan. J an. 27, J a n . 19, 26 1937 1938 1938 ASSETS -1,352 -10 Loans and Investments - t o t a l 21,275 +95 5 1 9,038 Loans — t o t a l 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 > * -5 563 On s e c u r i t i e s * -38 Otherwise secured and unsecured 3,832 * — 459 Open market paper -412 —6 806 Loans t o brokers and d e a l e r s i n s e c u r i t i e s * —4 Other loans f o r purchasing or c a r r y i n g s e c u r i t i e s 617 — +10 1,162 Real e s t a t e loans +7 — 67 Loans t o banks * — 718 Other l o a n s i On s e c u r i t i e s * +2 814 Otherwise secured and unsecured -1,036 +33 8,176 U. 8. Government d i r e c t o b l i g a t i o n s -73 +9 1,139 O b l i g a t i o n s f u l l y guaranteed by U.S. Gov't -338 -1 2,922 Other s e c u r i t i e s +380 +88 Reserve with Federal Reserve banks 5,735 —85 +3 305 Cash i n v a u l t -209 +23 2,046 Balances with domestic banks L I A B I L I T I E S -947 +96 14,583 Demand d e p o s i t s - a d j u s t e d +161 +14 5,213 Time d e p o s i t s +127 -1 653 U. S. Government d e p o s i t s -707 -11 5,322 Inter—bank d e p o s i t s : Domestic banks +4 +11 425 Foreign banks -4 +1 1 Borrowings ^Comparable f i g u r e s not a v a i l a b l e . Form FRr284*~a STATEMENT FOR THE PRESS Board of Governors of t h e Federal Reserve System January 27, 1938 For immediate r e l e a s e ASSETS AND LIABILITIES OF WEEKLY REPORTING MEMBER BANKS IN CENTRAL RESERVE CITIES ( i n m i l l i o n s of d o l l a r s ) Chicago New York City 19 3 7 19 3 8 1 9 3 7 19 3 8 Jan. 261 J a n . 19 Jan. 27 Jan. 26 Jan. 19 Jan. 27 ASSETS Loans and Investments - t o t a l 7,857 7,852 8,542 1,936 1,929 Loans - t o t a l 3,317 3,344 3,509 6l6 617 219 1,467 176 651 222 1,484 181 654 30 381 30 36 30 384 28 36 * * * 212 128 38 212 128 38 73 13 1 73 13 1 * 234 192 235 190 20 32 20 32 * * U. S. Gov't o b l i g a t i o n s Obligations f u l l y guaranteed by U. S. Gov't Other s e c u r i t i e s 3,150 3,121 3,494 961 954 1,139 396 994 392 995 454 1,085 101 258 102 256 94 275 Reserve with F. R. bank Cash i n v a u l t Balances with domestic banks Other a s s e t s - n e t 2,769 52 67 474 2,718 51 73 470 2,656 54 82 62 5 25 162 60 610 25 156 60 565 34 185 75 5,869 651 351 5,822 64l 352 6,427 606 159 1,441 464 63 1,416 465 63 49 2,126 2,428 381 569 5 566 387 2,131 384 6 613 4 353 1,482 351 1,483 362 1,469 17 249 16 248 23 239 Commercial, i n d u s t r i a l , and agricultural loans! On s e c u r i t i e s Otherwise secured & unsecured Open market paper Loans t o brokers and d e a l e r s Other loans f o r purchasing 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 to banks Other loansi On s e c u r i t i e s Otherwise secured & unsecured * * * 1,016 * 129 30 * - * 498 579 42 14 5 LIABILITIES Demand deposits — adjusted Time deposits U. 8. dov't deposits Ititer-bank deposits* Domestic banks Foreign banks Borrowings Other l i a b i l i t i e s C a p i t a l account ^Comparable f i g u r e s not available. Form FR-284-b ASSETS AND LIABILITIES OF WEEKLY REPORTING MEMBER BANKS IN 101 LEADING CITIES ON JANUARY 26, 1938 (In millions of d o l l a r s ) Total All Boston districts ASSETS 21,275 Loans and Investments — t o t a l 9,038 Loans — t o t a l 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 1 563 On s e c u r i t i e s •3,832 Otherwise secured & unsecured 459 Open market paper 806 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 purchasing o r 617 carrying s e c u r i t i e s 1,162 Real e s t a t e l o a n s 67 Loans t o banks Other l o a n s I 718 On s e c u r i t i e s 814 Otherwise secured and unsecured 8,176 U. S. Gov'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.Gov't 1,139 2,922 Other s e c u r i t i e s 5,735 Reserve with F.R. bank 305 Cash i n v a u l t 2,046 Balances with domestic banks 1,283 Other a s s e t s - n e t L I A B I L I T I E S . 14,583 Demand d e p o s i t s - a d j u s t e d 5,213 Time d e p o s i t s 653 U. S. Gov't d e p o s i t s Inter-bank deposits: Domestic banks 5,322 425 Foreign banks 1 Borrowings 821 Other l i a b i l i t i e s 3,626 C a p i t a l account Reserve Federal New P h i l a - Cleve- Rich- Atlanta Chicago mond York d e l p h i a land St. Louis District San Minne- Kansas Dallas City Francisco apolis 1,218 637 8,706 3,741 1,115 456 1,803 695 624 245 551 290 2,966 946 6 53 318 385 175 653 266 490 236 2,111 1,033 37 255 83 27 231 1,582 189 657 48 159 25 19 46 231 16 22 14 96 13 3 12 148 4 6 48 523 50 43 50 147 11 4 10 75 7 1 17 152 18 4 10 140 3 3 40 324 40 17 34 84 4 287 234 39 35 59 2 38 174 3 17 30 2 15 27 2 87 87 4 12 47 7 9 6 14 21 — — 12 21 1 57 372 3 59 54 428 20 133 317 36 124 78 265 257 3,363 444 1,158 2,925 68 142 558 50 59 305 92 262 248 17 144 83 123 42 792 61 255 331 38 204 104 29 41 283 35 61 133 18 139 34 24 52 155 33 73 104 11 113 38 46 58 1,439 189 392 846 57 348 92 11 29 193 47 95 157 10 121 23 12 55 156 l4 4o 71 6 76 16 13 28 228 45 ll4 163 13 227 23 10 35 173 30 51 110 11 188 27 76 104 661 129 288 330 20 220 207 997 265 27 6,415 1,065 362 786 275 24 1,033 738 19 420 196 13 328 182 17 2,176 881 86 406 184 8 253 122 2 480 145 14 402 128 21 887 1,032 60 209 10 2,193 388 275 3 323 1 203 767 7 113 1 34 5 — — 187 1 243 13 — — — — — — — — — 364 1,612 18 226 17 349 24 92 195 1 1 5 88 269 — — — — 20 372 7 90 — —• 27 238 ~ — ~ ~ 7 56 — 3 92 — —. — — — — 6 81 323 330
@FedFRASER