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Form FR-284
STATEMENT FOR THE PRESS
For immediate r e l e a s e
Board of Governors
of t h e F e d e r a l Reserve System
J a n u a r y 8, 19-40
C o n d i t i o n 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 January 3 { d e c r e a s e s of $47,000,000 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 ,
$35,000,000 i n h o l d i n g s o f United S t a t e s Government bonds, $42,000,000 i n "Other
s e c u r i t i e s " and $15-4,000,000 i n demand d e p o s i t s - a d j u s t e d , and i n c r e a s e s of
$213,000,000 i n d e p o s i t s c r e d i t e d t o domestic banks and $142,000,000 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 banks.
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 $17,000,000 i n New
York C i t y , $13,000,000 i n t h e Chicago d i s t r i c t , $6,000,000 i n t h e Boston d i s t r i c t
and $5,000,000 i n t h e S t . Louis d i s t r i c t , a n d i n c r e a s e d $ 5 , 0 0 0 , 0 0 0 i n t h e A t l a n t a
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 d e c r e a s e of $47,000,000 f o r t h e
week. 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 d e c l i n e d $ 1 5 , 0 0 0 , 0 0 0 .
Holdings of United S t a t e s T r e a s u r y b i l l s i n c r e a s e d $84,000,000 i n t h e
Chicago d i s t r i c t , and d e c l i n e d $65,000,000 i n New York C i t y and $19,000,000 a t
o t h e r r e p o r t i n g member banks. Holdings of T r e a s u r y n o t e s d e c l i n e d $10,000,000.
Holdings o f United S t a t e s Government bonds d e c l i n e d $12,000,000 i n New York C i t y ,
$25,000,000 i n t h e Richmond d i s t r i c t and $35,000,000 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 g u a r a n t e e d by t h e United S t a t e s Govornr.cnt d e c l i n e d
$2,000,000. Holdings o f "Other s e c u r i t i e s " d e c l i n e d $18,000,000 i n New York C i t y ,
$7,000,000 i n t h e San F r a n c i s c o d i s t r i c t , $6,000,000 i n t h e Chicago d i s t r i c t and
$42,000,000 a t a l l r e p o r t i n g member banks.
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 $24,000,000 i n t h e Nevi York d i s t r i c t o u t s i d e New York C i t y and d e c l i n e d $84,000,000 i n t h e Chicago d i s t r i c t , $28,000,000 i n
t h e Kansas C i t y d i s t r i c t , and $154,000,000 a t a l l r e p o r t i n g menber b a n k s .
Deposits c r e d i t e d t o domestic banks i n c r e a s e d $102,000,000 i n New York C i t y ,
$24,000,000 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 , $17,000,000 i n t h e Boston d i s t r i c t , and
$213,000,000 a t a l l r e p o r t i n g member b a n k s .
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 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 J a n u a r y 3> 1940, 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 )
Increase or decrease
since
Jan. 4,
Dec. 27,
1939
1939
ASSETS
+1,561
-173
23,087
Loans and I n v e s t m e n t s - t o t a l
+ 262
— 84
8,674
Loans - t o t a l
+ 527
- 47
4,353
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
9
7
315
Open market p a p e r
- 184
- 15
700
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
55
- 2
50 4
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
+
22
1
1,188
Real e s t a t e l o a n s
49
+ 7
50
Loans t o banks
+
10
19
—
1
,
5
6
4
Other l o a n s
)
595
^Treasury b i l l s
+ 514
10)
1,755
Treasury notes
- 35)
6,353
U, S. bonds
+ 680
2
2,412
O b l i g a t i o n s g u a r a n t e e d by U. S. Gov't
+ 105
- 42
3,298
Other s e c u r i t i e s
+2,594
+142
9,831
Reserve w i t h F e d e r a l Reserve banks
+
52
- 40
504
Cash i n v a u l t
+
581
+ 79
3,140
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
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. Government d e p o s i t s
Inter-bank deposits:
Domestic banks
F o r e i g n banks
Borrowings
18,566
5,276
586
-154
+ 2
+ 4
+2,678
+ 115
— 44
8,190
740
+213
+ 4
+1,833
+ 221
Form FR—2.84
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 4 , 1940
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 )
New York C i t y
I n c r e a s e or
decrease since
Jan.
Dec. 27, J a n , 4 ,
3,
1940
1939
1939
Jan.
3,
1940
Chicago
Increase or
decrease since
Dec. 27, «J cUl# 4' f
1939
1939
ASSETS
Loans and I n v e s t m e n t s - t o t a l
8,703
-137
+
996
2,182
+ 69
4- 155
Loans - t o t a l
3,025
- 34
+
2
564
- 13
4- 37
*1,672
111
538
- 17
- 3
- 13
295
17
179
372
18
43
- 13
- 1
+ 1
+
35
—
+
3
-
—
25
6
36
30
66
14
Commercial, i n d u s t r i a l , and
agricultural loans
Open market p a p e r
Leans t o b r o k e r s and d e a l e r s
01,her l o a n s f o r p u r c h a s i n g or
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
176
112
42
*374
3
—
—
+
-
7
5
—
—
51
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 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
300
706
2,279
- 65)
- 10)
- 12)
+
537
222
176
709
+ 86)
- 1)
+ 4)
1,233
1,160
4- 2
— 18
+
+
377
80
175
336
-
Reserve w i t h F.R, banks
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
5,735
80
82
354
+228
- 9
+ 1
- 4
+1,698
+
18
+
9
—
66 1
|
934
45
286
45
-155
- 3
+ 21
8,301
659
51
- 20
+ 4
+ 2
+1,684
+
50
66
3,501
672
+102
+ 2
+
+
!
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 depositsl
Domestic banks
Foreign banks
Borrowings
Other l i a b i l i t i e s
CAPITAL ACCOUNTS
——
285i
1,485 :
16
+ 5
831
214
1,748
496
83
2
5
—
— 60
- 10
•f
41
+
63
14
+
+ 130
4* 6
+ 47
—
4
+ 103
+ 37
—
897
8
+
-
7
1
+ 204
2
13
247
*-
4
-
—
—
——
-
+
1
2
1
1
+
66
8
^Revised J a n . 0, 19-40
*
1
7
Form FR-284-b
ASSETS AND LIABILITIES OF WEEKLY REPORTING MEMBER BANKS lit 101 LEADIIiG CITIES Oil JANUARY
Total :
New
All
Boston
York
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 loans
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
R^al e s t a t e loans
Loans t o banks
Other l o a n s
Treasury b i l l s
Treasury notes
U.S. bonds
O b l i g a t i o n s 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
B a l a n c e s w i t h d o m e s t i c banks
Other a s s e t s - n e t
Federal
P h i l a - Cleve- R i c h d e l p h i a l a n d mond
Reserve
St.
A t l a n t a Chicago
Louis
1
QZn
District
Minne- [Kansas
San
Dallas
Francisco
apolis | City
323
3,277
900
718
340
405
191
6C3
300
548
288
2,275
971
116
16
5
181
3
5
517
33
48
202
9
6
100
3
1
183
18
4
193
2
3
330
19
15
15
40
11
32
1
90
76
112
8
10
48
384
69
10
27
1
57
14
23
114
12
51
2
58
23,087
8,674
1,182
608
9,573
3,383
1,167
429
1,915
675
708
266
636
4,353
315
700
292
63
24
1,786
117
544
199
24
24
254
8
21
504
1,188
50
1,564
21
81
1
126
232
199
42
463
32
56
1
25
173
2
192
595
1,755
6,353
2,412
3,298
9
44
351
55
115
306
748
2,494
1,320
1,322
9,831
504
3,140
1,193
457
145
177
81
18,566
5,276
586
8,190
740
——
——
——
175
34
334
99
271
10
182
643
120
285
148
174
56
64
3
29
1.12
70
99
222
321
1,037
306
491
2
44
157
70
105
30
118
23
43
19
67
105
59
133
53
17
42
95
49
57
5,889
100
216
432
448
21
242
100
546
47
344
98
184
22
205
36
125
14
205
45
1,210
81
595
77
198
12
199
22
97
7
119
15
182
17
310
21
138
12
264
29
357
26
264
237
1,170
234
15
8,943
1,032
71
969
277
54
1,324
735
47
480
198
33
395
186
45
2,549
944
135
468
190
18
300
119
3
500
145
24
448
137
33
1,020
1,079
108
335
23
3,593
674
435
6
454
1
317
1
297
1
1,200
10
374
154
1
438
284
309
23
93
•1 "
1
•
74
—
7
66
733
185
313
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 deposits:
Domestic banks
Foreign banks
Borrowings
Other l i a b i l i t i e s
CAPITAL ACCOUNTS
—
683
3,714
20
245
290
1,607
—
—
16
221
13
376
31
95
——
—
—
8
93
17
385
5
94
7
59
3
103
—
—
3
86
270
350
.
@FedFRASER