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STATEMENT FOR THE PRESS Form FR-28U 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 u l y 10, 1939 C o n d i t i o n of Veekly 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 J u l y 3- An i n c r e a s e 01 $ 3 9 , 0 0 0 , 0 0 0 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 ; d e c r e a s e s of $ 6 8 , 0 0 0 , 0 0 0 i n h o l d i n g s of "Other s e c u r i t i e s " and $ 1 1 1 , 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 an i n c r e a s e of $ 1 7 5 , 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 domestic 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 i n c r e a s e d $ 2 1 , 0 0 0 , 0 0 0 i n New York C i t y and $ 3 9 , 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 . Holdings of T r e a s u r y b i l l s i n c r e a s e d $ 4 5 , 0 0 0 , 0 0 0 i n t h e Chicago d i s t r i c t and $ 3 8 , 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 . Holdings of T r e a s u r y n o t e s i n c r e a s e d $ 1 2 , 0 0 0 , 0 0 0 i n New York C i t y 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 . Holdi n g s of U n i t e d S t a t e s Government bonds i n c r e a s e d $ 1 7 , 0 0 0 , 0 0 0 i n New York C i t y and $ 1 1 , 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 . Holdings of "Other s e c u r i t i e s " d e c r e a s e d $ 5 6 , 0 0 0 , 0 0 0 i n New York C i t y and $ 6 8 , 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 . Demand d e p o s i t s - a d j u s t e d d e c r e a s e d $ 5 4 , 0 0 0 , 0 0 0 i n New York City# $ 3 5 , 0 0 0 , 0 0 0 i n t h e Chicago d i s t r i c t and $ 1 1 1 , 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 . Time deposits decreased $8,000,000. 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 banks i n c r e a s e d i n a l l d i s t r i c t s , t h e p r i n c i p a l i n c r e a s e s b e i n g $ 4 9 , 0 0 0 , 0 0 0 i n New York C i t y , $214,000,000 i n t h e Chicago d i s t r i c t and $ 1 8 , 0 0 0 , 0 0 0 i n t h e C l e v e l a n d d i s t r i c t , and t h e t o t a l i n c r e a s e b e i n g $ 1 7 5 , 0 0 0 , 0 0 0 . 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 banks i n c r e a s e d $ 2 0 , 0 0 0 , 0 0 0 i n New York C i t y . Borrowings of weekly r e p o r t i n g member banks amounted t o $ 1 , 0 0 0 , 0 0 0 on J u l y 5« 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 w i t h changes f o r t h e week and t h e y e a r ended J u l y 5, 1939, 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 ) July 5, 1939 ~~ A S S E T S Loans and Investments - t o t a l 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 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 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 banks Other l o a n s 22,000 8, ll|2 3,872 3 lit 650 512 1,159 56 1,549 L69 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 2,125 5,891 2,150 3,223 R e s e r v e w i t h F e d e r a l R e s e r v e banks Cash i n v a u l t Balances w i t h d o m e s t i c banks Increases or decreasi s:mce July 6, June 1938 1959 + 49 +1,52U + - 110 8 - 21 53 + 39 11 + 2 1 - + - 2 5 1 + 38) + 13) + 11) + 2 - 68 8,1)73 Llj.1 2,759 - lit 17,109 5,229 555 - 6 3 , 11 35 + 2 + 64 27 + 758 + 651 + 225 +1,896 + 38 + 331 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 6,922 624 1 ill 8 - • + 175 + 24 + 1 +2,308 + — 92 + 959 + + 306 1 Form FR-28U STATEMENT FOR THE PRESS Board of Governors of the F e d e r a l Reserve System J u l y 6, 1939 For immediate r e l e a s e ASSETS AMD LIABILITIES CF T.EEKLY REPORTING FEFBER 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 City Increase or July decrease since June 2 8 , July 6, 5, 1938 1939 1959 July 5, 1939 Chicago Increase or decrease since June 26; July 6, 1938 1939 ASSETS + 50 + 311 5kh + + 58 1+ 357 17 35 + 7 + 1 + 1 5 1+ 1+7 1+7 72 13 -- Loans and Investments - t o t a l 8,136 4* 3 + 61|2 2,109 Loans - t o t a l 2,771 4- 28 - 197 1,L05 126 495 + 21 7 1 - 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 Open market, paper Loans to brokers and dealers 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 to barks Other loans 200 4- - - 11)4 + 1+5 4- 386 - Treasury b i l l s Treasury notes U. S. bonds 167 023 2,206 4- U. S. Gov't Other s e c u r i t i e s l*09U 4- Reserve with F. R. banks Cash in vault 1+, 881 69 76 370 O b l i g a t i o n s guaranteed by Balances w i t h domestic banks Other a s s e t s - n e t 1,075 - + - + 4- 1 1 5 1+ * - - - - 8 33 + 22 + 1 + 10 " + 5 - 5 + 50 - 230 236 627 + 1+5) + 2) 1+10 77 136 335 - ,6ol+ 16 1+ 112 61-7 31 231 1+6 - 59 + 1 - 1+ - l 54 3 2 +1,1+09 27 1+8 1,666 1*95 60 - 22 + 2 -- - h9 + 505 262 752 12 + 11 - 1 + 1+9 + 5 52 1 12 266 - 5) 12) 17) 7 56 17 l - 4- 44- 4- - 1 4- - 9 - 352 1 1 1 + 231+ ) — 2 3 + 13 + 31 - 98 - 5 - 3 + 22 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. Gov't d e p o s i t s Inter-bank deposits! Domestic banks Foreign banks Borrowings Othsr l i a b i l i t i e s CAPITAL ACCOUNTS 7,524 628 62 2,91*0 5hl — mm 360 i,L77 44- 44- 20 4- 3 4- - 6 4- 3 ~ + 30 21 — - — - - + ll+9 5 + 20 Form FR-28lt-b ASSETS AND LIABILITIES OF WEEKLY REPORTING MWBER BANKS IN 101 LEADING CITIES ON JULY 5* 1939 Total All d i s t r i c t s Boston Loans and Investments - t o t a l 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 Open market paper Loams t o "brokers 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 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 banks Other loans Treasury b i l l s Treasury notes U* 8 . 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 Balances w i t h domestic banks Other a s s e t s - n e t New York Reserve Federal St. P h i l a - Cleve- R i c h A t l a n t a Chicagoj Louis mond delphia land District Minne- Kansas a p o l i s City Dallas San Francisco 22,000 1,156 8,959 1,117 1,885 671 596 3,201 692 373 650 511+ 2,186 8,1^2 580 3,125 1*11 659 21(2 309 873 312 162 268 256 9h5 3,872 265 63 25 1,509 133 185 25 21 23k 102 10 179 3 503 31 181+ 3 6 81 160 18 168 2 5 302 22 80 259 201 '1+5 1+77 32 53 1 26 169 3 15 36 12 30 1 76 83 102 13 11+ 1+9 385 — 111+ 3 53 7 7 237 9 650 5li2 1,159 56 l,5k9 2 123 501 6 21 9h 200 39 300 102 il+ 221 599 102 1+ —— 75 8 3bh 167 873 2,392 132 i,23U 265 290 175 136 52 66 8,1,73 1+1+1 2,759 1,225 I+15 359 17 208 100 • 1+53 1I16 78 5,022 87 180 '458 17,109 5,229 555 1,101 21+9 16 8,089 l,00l+ 81 855 279 53 1,20L 736 1+33 6,922 286 30 3,026 5I42 361+ 13 1+00 2 256 I169 2,125 5,891 2,150 3,223 52 1+8 ll+O 156 1,168 l+o 289 103 8 18 172 35 32 100 58 89 ho 1+22 1+ 1 50 h9 — 62 a»a» 3l+ 110 21+ 1+3 1+ 10 25 1 50 21 - - 1+6 3 77 113 55 131+ 28 169 291 117 11 21+9 50 81 16 ll+ ~ 179 1+ 101 652 163 321 911 267 1+91 153 67 103 116 12 177 1+7 1,073 181+ 11 1+99 80 150 23 85 6 125 16 371 185 2,1+1+1+ 1+1+6 191 22 286 118 3 1+85 il+l+ 23 1+1+5 136 32 950 1,059 251 l 1,001 11+ 302 133 1 391 218 29I+ 7 93 16 I+03 6 93 6 58 "h 261 31+9 61 13 23 1)1+ 55 29 334 25 263 233 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 f t d e p o s i t s Inter-bank deposits: Domestic banks F o r e i g n banks Borrowings Other l i a b i l i t i e s CAPITAL ACCOUNTS 62l+ 1 7k3 3,715 20 2h3 365 1,599 13 22I+ 1+2 14 372 200 28 —— 1 28 96 bo 928 108 3 100 85 107 21
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