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Form FR-264
STATEMENT FOR TFE PRESS
For i m m e d i a t e r e l e a s e
Board of G o v e r n o r s
of t h e F e d e r a l R e s e r v e System
J u l y 1 , 19^0
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 L e a d i n g 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 w e e k l y r e p o r t i n g member b a n k s 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 c h a n g e s f o r t h e week e n d e d J u n e 2 6 :
I n c r e a s e s of
$ 1 2 , 0 0 0 , 0 0 0 i n c o m m e r c i a l , 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 , $7L, 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 $ 1 8 6 , 0 0 0 , 0 0 0 i n demand d e p o s i t s a d j u s t e d , and a d e c r e a s e of $ 1 0 9 * 0 0 0 , 0 0 0 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 •
C o m m e r c i a l , 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 i n c r e a s e d $ 1 6 , 0 0 0 , 0 0 0 i n New
York C i t y and $ 1 2 , 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 •
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 8 , 0 0 0 , 0 0 0 i n New York C i t y .
H o l d i n g s of U n i t e d S t a t e s T r e a s u r y b i l l s d e c l i n 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 $1^4,000,000 a t a l l r e p o r t i n g member banks# H o l d i n g s of T r e a s u r y n o t e s
d e c l i n e d $ 1 8 , 0 0 0 , 0 0 0 i n t h e Richmond d i s t r i c t and $!{., O f 0 , 0 0 0 a t a l l r e p o r t i n g
member b a n k s , and i n c r e a s e d $ 1 ^ , 0 0 0 , 0 0 0 i n New York C i t y . H o l d i n g s of U n i t e d
S t a t e s Government bonds d e c l i n e d $1,0,000,000 i n t h e St# L o u i s d i s t r i c t and
$ 6 , 0 0 0 , 0 0 0 a t a l l r e p o r t i n g member banks# H o l d i n g s 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
U n i t e d S t a t e s Government i n c r e a s e d # 1 0 , 0 0 0 , 0 0 0 i n New York C i t y and 5 8 , 0 0 0 , 0 0 0 a t
a l l r e p o r t i n g member banks# H o l d i n g s of n o t h e r s e c u r i t i e s " i n c r e a s e d $ 1 6 , 0 0 0 , 0 0 0
i n New York C i t y and $ 1 0 , 0 0 0 , 0 0 0 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 $ 8 0 , 0 0 0 , 0 0 0 i n New York C i t y , $1^1,000,000
i n t h e C h i c a g o d i s t r i c t and $ 1 8 6 , 0 0 0 , 0 0 0 a t a l l r e p o r t i n g member banks#
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 d e c l i n e d $lj.8,000,000 i n New York C i t y ,
$ 1 6 , 0 0 0 , 0 0 0 i n t h e K a n s a s C i t y d i s t r i c t and $ 1 0 9 , 0 0 0 , 0 0 0 a t a l l r e p o r t i n g member
banks# D e p o s i t s c r e d i t e d t o f o r e i g n b a n k s d e c l i n e d $ 9 , 0 0 0 , 0 0 0 #
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 b a n k s ,
t o g e t h e r w i t h c h a n g e s f o r t h e week and t h e y e a r ended Juno 2 6 , 1 9 W , 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 )
I n c r e a s e or d e c r e a s e
June
26,
ASSETS
Loans and I n v e s t m e n t s - t o t a l
19U0
since
June319*
19U0
23,581
«*»
.
Loans - t o t a l
C o m m e r c i a l , 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
Open m a r k e t 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
O t h e r 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 loans
Loans t o b a n k s
Other loans
1,625
+
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. Gov*t
Other s e c u r i t i e s
771
2,054
6,377
2,Uo8
3,536
—
Reserve w i t h F e d e r a l Reserve banks
Cash i n v a u l t
Balances w i t h domestic 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
TJ# S, Government d e p o s i t s
Inter-bank deposits:
Domestic banks
Foreign banks
Borrowings
8,1+35
4,399
309
395
467
1,202
38
11,669
506
3,272
20,681
5,312
580
8,1425
678
1
+
15
+1,630
9
12
+ 3I46
+ 566
+
6
18
-
- •
-
-
-
-
+
+
+
+
—
+
-
-
+
June 28,
1939
3
3
10
7
ill
4
6
8
+
+
253
76
4i
13
75
+ 3Uo
58
+ 497
+
260
10
+ 245
74
7
7
+3,190
+ 51
186
6
2
+3,461
+ 75
109
9
1
+1,678
+
78
+
+
+
516
25
l
Porn FR—284
STATEMENT FOR THE PRESS
Board of Governors
of the Federal Reserve System
June 27, 1940
For immediate release
ASSETS AND LIABILITIES OF WEEKLY REPORTING MEMBER BANKS IN CENTRAL RESERVE CITIES
New York City
Increase or
decrease since
June
26, June 19, June 28,
3.939
1940
1940
June
26,
1940
Chicago
Increase or
decrease since
June 28,
June 19,
1939
1940
ASSETS
Loans and Investments - t o t a l
9,277
+ 36
+1,144
Loans - t o t a l
2,753
- 1.1
+
10
1,688
99
276
+ 16
Commercial, i n d u s t r i a l , and
agricultural loans
Open market paper
Loans t o brokers and dealers
Other loans for purchasing
or carrying s e c u r i t i e s
Real estate loans
Loans to banks
Other loans
159
122
32
377
—
—
- 18
-
1
—
+
—
9
1
- 14
+ 151
599
+
2
+ 63
+ 304
20
— 220
426
19
24
+
+
1
1
— —
+ 76
+
3
—
10
42
9
8
13
63
18
- "
49
—
—
—
—
w
+
—
—
—
+
-
2,209
Treasury b i l l s
Treasury notes
U. S. bonds
Obligations guaranteed by
U, S. Gov't
Other s e c u r i t i e s
414
1,014
2,521
+ 5
+ 14
+ 2
+ 242
+ 203
+ 332
254
160
714
1,289
1,286
+ 10
4- 1 6
+ 202
4" 155
134
348
Reserve with F. R. banks
Cash i n vault
Balances with domestic banks
Other assets - net
6,729
85
82
322
—
+
+
-
+1,865
+ 17
45
57
9,621
671
44
+ 80
+ 3
+ 1
3,739
625
— 48
- 8
16
5
1
4
w
9
5
—
2
- 18
—
— —
+ 69
74
+ 87
2
—
4
+ 10
1,184
43
266
42
+ 25
+ 3
+ 9
+ 1
+ 278
+ 13
+ 31
5
+2,043
+ 46
16
1,923
508
84
+ 26
+ A
+
+ 15
+ 24
+ 848
+ 104
952
7
—
+
L I A B I L I T I E S
Demand deposits—adjusted
Time deposits
U. S. Gov't deposits
Inter—bonk depositsi
Domestic banks
Foreign banks
Borrowings
Other l i a b i l i t i e s
CAPITAL ACCOUNTS
mmm
301
1,494
—
+
-
—
—
—
1
7
—
+
«—
—
62
11
16
254
—
-
—
7
—
+
+ 211
6
-
—
l
— —*
+
—
1
12
Form FE—284—b
ASSETS MD LIABILITIES OF WEEKLY REPORTING MEMBER BANKS IN 101 LEADING CITIES ON JUNE 26, 19-40
(in millions of dollars)
F e d e r a l R e s e r v e
D i s t r i c t
Total
San
S t . Minne- Kansas Dallas
RichClevePhilaAll
Boston New delphia land mond Atlanta Chicago Louis apolis
Francisco
City
York
districts
ASSETS
Loans and Investments - t o t a l
23,581 1,187 10,11+0
615
3,099
Loans — t o t a l
8,1+35
Commercial, i n d u s t r i a l , and
1,802
298
agricultural loans
4, 399
10l+
Open market paper
_ _
3°9
281
%
Loans t o brokers and dealers i n s e c u r i t i e s
395
Other loans for purchasing
(
211
18
or carrying s e c u r i t i e s
467
80
199
Real e s t a t e loans
1,202
32
1
Loans to banks
38
1+70
137
Other loans
1*625
1+19
9
Treasury b i l l s
771
1,071
39
Treasury notes
2,051+
3U5 2,7l+5
U.S. bonds
6,377
1+8
1,359
Obligations guaranteed by U.S. Gov't
2,408
1,1+1+7
131
Other s e c u r i t i e s
3#536
6,922
595
Reserve with F. R. bank
11,669
lol+
ll+5
Cash i n vault
506
226
173
Balances with domestic banks
3,272
1+07
70
Other a s s e t s — net
1,168
L I A B I L I T I E S
Demand deposits—adjusted
20,681 1,261+ 10,303
23I+ i,ol+3
Time deposits
5,312
ll+
71
U. S. Gov't deposits
580
Inter-bank deposits $
371+ 3,831
Domestic banks
8,1+25
626
16
Foreign banks
678
l
Borrowings
1
308
22
Other l i a b i l i t i e s
750
1,617
2U5
CAPITAL ACCOUNTS
3,769
1,178
1+52
1,888
681+
617
3,31+5
696
399
680
521
2,2146
700
272
307
966
320
191
297
265
951
213
31
267
122
10
152
1+
178
20
17I+
2
330
ll+
5
96
3
1
17l+
3
593
39
30
3
3
11
32
51
1
102
2l+
176
ll+
1+3
11
72
120
13
5h
1
7
10
13
1+2
22
33
320
90
283
501+
21
6
19
1
207
11
160
601
122
29l+
668
1+8
80
3l+5
95
1,02l+
261
51+
1,389
7l+5
1+7
1+21
I+65
1
213
5
17
21I+
19
380
mm mm
80
32
l
9
3
102
112
62
2
37
259
316
19
160
129
103
53
70
106
1,006
62
38
ll+2
69
228
37
273
525
ll+2 1,527
ll+
78
582
21+3
7l+
51
531
202
3l+
1+3U 2,827
192
971
13l+
I4I+
30l+
288
2
1,21+8
8
12
95
21
397
209
23
252
——
35
99
108
29
11
—
—
22
1
73
61
50
18
28
29
113
22
W+
65
9l+
68
138
la
82
1+7
58
1I+0
12
299
30
385
——
169
6
65
697
195
332
W+
99
7
131+
191
17
301
21+
1+83
191
17
301
116
535
6
2U
31+9
163
1
1+00
256
1
326
3
5
89
290
378
12
183
21
—
10
90
16
8
60
1I46
105
25
321
263
1+81+ 1,106
136 1,077
10I+
31
18
@FedFRASER