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STATMBUT FOR THE PRESS

Form FR-284
For immediate r e l e a s e

Board of Governors
of t h e F e d e r a l Reserve Systgn

July 11, 1938

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 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 changes f o r t h e week ended J u l y 6 : D e c r e a s e s of
1 5 6 , 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 , # 3 9 , 0 0 0 , 0 0 0 i n h o l d i n g s 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 and # 2 3 5 , 0 0 0 , 0 0 0 i n demand d e p o s i t s~ad j u s t e d , and an i n c r e a s e of $183#000,000 i n d e p o s i t s c r e d i t e d t o domestic
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 S %1,000,000 i n New York
C i t y , • $ 9 , 0 0 0 , 0 0 0 i n t h e Chicago 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
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 $ 1 7 , 0 0 0 , 0 0 0 i n New York
C i t y and § 9 , 0 0 0 , 0 0 0 a t a l l r e p o r t i n g member banks* " O t h e r l o a n s " d e c l i n e d
$ 9 , 0 0 0 , 0 0 0 i n New York C i t y and $ 1 5 , 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 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 • v 4 l , 0 0 0 , 0 0 0
i n Now York C i t y and 0 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 . H o l d i n g s of
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 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 0 7 , 0 0 0 , 0 0 0 .
Holdings of "Other s e c u r i t i e s " i n c r e a s e d $ 1 3 , 0 0 0 , 0 0 0 i n t h e San F r a n c i s c o d i s t r i c t ,
0 9 , 0 0 0 , 0 0 0 i n Now York C i t y , and 0 1 6 , 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 l i n 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 d e c r e a s e s
being # 1 6 2 , 0 0 0 , 0 0 0 i n New York C i t y and 0 3 6 , 0 0 0 , 0 0 0 i n t h e Chicago d i s t r i c t , and
t h e a g g r e g a t e d e c r e a s e b e i n g ^235,000,000* Time d e p o s i t s d e c l i n e d ^ 1 1 , 0 0 0 , 0 0 0 i n
t h e San F r a n c i s c o d i s t r i c t and 5 1 0 , 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 .
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 0 3 3 , 0 0 0 , 0 0 0 i n New York C i t y , $ 2 6 , 0 0 0 , 0 0 0 i n t h e Chicago d i s t r i c t ,
020,000,000 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 , Ol9,000,000 i n the Cleveland d i s t r i c t ,
O l 7 , 0 0 0 , 0 0 0 i n t h e Kansas C i t y d i s t r i c t and 0l5»OOO,000 i n t h e Boston d i s t r i c t ,
t h e a g g r e g a t e i n c r e a s e b e i n g Vl83*000,000.

Weekly reporting member banks reported no borrowings on July 6.

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 changes f o r t h e week and t h e y e a r ended J u l y 6 , 1938, 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
since
July 7,
June 29,

1938

1937

20,476

- 85

-l,7l4l

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 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
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 l o a n s
Loans t o b a n k s
Other loans

8,252
3,880
335
66l
577
1*157
120
1,522

- 69
- 56

-1,482

-

-

U. S. Government d i r e c 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

7,731
1*495
2,998

Reserve 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 b a n k s
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

A S S E T "S
Loans and I n v e s t m e n t s - t o t a l




- 5
+ 9
6

- 3
+ 7
- 15

-

+

1+51
129
76I4

136
11

9

+ 7
+ 16

+

566
354

-

47

6,577
1*03
2,1)28

+ 3
- lit
+ l?

+1,299
+ 89
+ 685

1I4,801
5*229
4&3

-235

-

5,963
318

+183

- 39

- 10
- 2
-

2

-

1

54

-

20

-

14

+ 823
- 319
9

Form FR-282+-a
STATEMENT FOR THE PRESS
Board of Governors
of t h e F e d e r a l R e s e r v e System
J u l y 7 , 1958

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 C i t y

1,9 3 7
1 9 3 B
1 9 ) 0
19 3 7
July 6 June 29 J u l y 7 J u l y 6 June 29 J u l y 7
A S S E T S
Loans and I n v e s t m e n t s - t o t a l

7,2+92+

7,552

8,2+17

1,797

1,813

1,963

Loans - t o t a l

2,968

3,000

4,000

511

525

666

1,2+63
130
537

1,502+

1,721
162+
1,207

335.
16
25

32+2+
16
26

2+36
27
2+9

195
118
92
2+33

201
118
86
442

279
134
73

67
12

68

78

1|22

55

58

60

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
Ue S. G o v ' t
Other s e c u r i t i e s

2,82+1+

2,885

3,006

859

862+

911

682+
998

678
989

2+29
982

123
302+

122

302

291

R e s e r v e w i t h P . R. bank
Cash i n v a u l t
B a l a n c e w i t h d o m e s t i c banks
Other a s s e t s - n e t

3,277
53
72
2+82

3,339
58
71
2+91

2,2+62
52
68
2+60

9l+5
36

92+6
35
50

583
30
156
60

1,550
2+62+
87

1,2+91)
455
35

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 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
O t h e r l o a n s f o r p u r c h a s i n g or
carrying securities
Real e s t a t e l o a n s
Loans t o b e n k s
Other l o a n s

129

520

1

Foreign banks

Borrowings
Other l i a b i l i t i e s
Capital account




216

209

2+9

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
Us S. ^ o v f t d e p o s i t s
Inter-bank deposits:
Domestic b a n k s

12
1

lb
2

95

'

6,115
655
110

6,277
655

6,011
7242
22+8

1,517
2+65
81

2,435
279

2,2+02

1,985
592

703
7

308
1,2+76

109

282

301
1,1+85

4

ITCE
1,475

688
6

52+3
7
mm mm

17
22+6

20
21+5

19
.239

Form FR-28i|-b

A S S E T S
Loans and I n v e s t m e n t s - t o t a l

ASSETS AND LIABILITIES OF WEEKLY REPORTING MEMBER BAMS IN 101 LEADING CITIES ON JULY 6 , 19?8
( j n m i l l i o n s of d o l l a r s )
District
Reserve
Federal
Total
San
L!: I ' T ' L " ~[~:W TIC 0 . 3
St#
P h i l a - Cleve- RichNew
All
Dallas Francisco
A t l a n t a Chicago L o u i s
C
x
by
e
a
p
c
l
i
s
l
B
o
s
t
o
n
mond
York d e l p h i a l a n d
districts
2,132

20,1476

1,128

8,318

1,117

1,757

609

540

2,807

62I4

355

604

485

8,252
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
3,880
a g r i c u l t u r a l loans
335
Open m a r k e t p a p e r
661
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
577
carrying securities
1,157
Real e s t a t e loans
120
Loans t o b a n k s
1
,
5
22
Other loans

592

3,362

418

672

230

278

815

275

155

239

228

988

274
65

1,577
140
544

191
19
16

260
11
21

99
10
4

151
3
6

465
30
28

162
5
5

73
4
1

145
17
3

11)4
2
2

339
29
10

32
82
3
115

265
222

34
58
2
98

37

16
31
1

78
91
4

12

8
6

12

14
21
1
a

54
377
2
177

207

171
35
51

706
132
306
321
22
217
204

21

93
521

169

69

15
27
4
72

288
30
61

145
38
79

1,337
215

97
11
134
38

1,155

io4

130
19
133
33

1,045

389

322
184
23

2,214
878
110

398
15

172
2

7,731
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 . I , j j 9 5
2,998
Other s e c u r i t i e s

384
26
126

3,074
728
1,154

335

747
82

275

256

6,577

340
124
139
71

3,405
69
170
565

258

362
37
285

1,020
261

6,646

775

R e s e r v e 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 - net
L I A B I LI 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
F o r e i g n banks
Borrowings
Other l i a b i l i t i e s
Capital account



403

2,428
1,263

14,801
5,229
463

8

89

17
162
81

1,050

290

Ikb

118

20

19

198

13

119

1I4O
65
423
80

48
7
36

63

191
62
96

146
15
39

181
11
130
23

75
6

186

22
1
39
43
115

127

297
22

100
10
211
25

265
119
2

471
144
16

392
131
25

i,o44

196
1

258
12

" 4

294
332

17

153
12

5,963

2,509
281

307
4

357

210

195
1

926
7

274

130

357

318

21^4
10

732
3,641

19
240

319
1,604

14

18
361

21
93

5
90

21
374

7
89

56

7

3
95

225

l

l

82

864
92