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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