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* Form FR-284 STATEMENT FOR THE PRESS For Immediate r e l e a s e Board of Governors of the Federal Reserve System July 18, 1938. Condition of Weekly Reporting Member Banks i n 101 Leading C i t i e s The condition statement of weekly reporting member banks i n 101 leading c i t i e s shows the following principal changes f o r the week ended July 13: A decrease of #23,000,000 i n loans t o brokers and dealers i n s e c u r i t i e s , and increases of #160,000,000 i n reserve balances with Federal Reserve banks and #193>000,000 i n demand deposits-adjusted* Commercial, i n d u s t r i a l and agricultural loans increased #5,000,000. Loans to brokers and dealers i n s e c u r i t i e s declined #4-1,000,000 i n New York City and #23,000,000 at a l l reporting member banks. : Holdings of United States Government direct obligations declined #19,000,000 k i n the Boston d i s t r i c t , and increased #10.000,000 i n the Chicago d i s t r i c t , #8,000,000 i n the S t . Louis d i s t r i c t and #3,000,000 at a l l reporting member banks. Holdings of o b l i g a t i o n s f u l l y guaranteed by the United S t a t e s Government increased #6,000,000. Holdings of "Other s e c u r i t i e s " increased #4,000,000# Demand depositswadjusted increased i n a l l but one d i s t r i c t , the principal i n creases being #91,000,000 i n New York City, #34,000.000 i n the San Francisco d i s t r i c t , #19,000,000 i n the Kansas City d i s t r i c t and #17,000,000 i n the Chicago dis— k t r i c t , and the aggregate net increase #193,000,000. Time deposits declined #9,000,000 i n the San Francisco d i s t r i c t , $6,000,000 in New York City and #20,000,000 at a n reporting member banks. Government d e p o s i t s declined #8,000,000. Deposits credited t o domestic banks increased #21,000,000 i n New York City, #12,000,000 i n the San Francisco d i s t r i c t and #29,000,000 at a l l reporting member banks. Borrowings of weekly reporting member banks amounted to #7,000,000 on July" 13. A summary of the principal a s s e t s and l i a b i l i t i e s of reporting member banks, together with changes f o r the week and the year ended July 13, 1938, follows» ^ (in m i l l i o n s of d o l l a r s ) Increase or decrease since July July 14, July 6, 13, 1937 1938 1938 ASSETS Loans and Investments — t o t a l 20,468 -8 -1,695 Loans - t o t a l Commercial, i n d u s t r i a l , and agricultural loans Open market paper Loans t o brokers and dealers i n s e c u r i t i e s Other loans for purchasing or carrying s e c u r i t i e s Real e s t a t e loans Loans t o banks Other loans 8,231 3,885 335 638 578 1,159 118 1,518 -21 +5 -1,483 -522 -128 -718 -129 -2 +12 +4 U. S. Government d i r e c t obligations Obligations f u l l y guaranteed by U. S. Gov't Other s e c u r i t i e s 7,730 1,505 3,002 Reserve with Federal Reserve banks Cash i n v a u l t Balances with domestic banks 6,737 415 2,462 +160 +12 +34 +1,385 +90 +661 14,994 5,209 455 +193 -20 -8 -37 —4l +4 5,992 312 7 +29 —6 +7 +887 -316 L I A B I L I T I E S Demand deposits-adjusted Tine deposits U, S, Government d e p o s i t s Inter—bank depositsi Domestic banks Foreign banks Borrowings — ~23 +1 +2 -2 +3* +6* +4 -524 +351 -39 *July 6 f i g u r e s revised (Philadelphia d i s t r i c t ) — — Form FR-28ij-a STATEMENT FOR THE PRESS Board of Governors of t h e F e d e r a l Reserve System J u l y 14, 1938 For immediate r e l e a s e ASSETS AND LIABILITIES OF WEEKLY REPORTING MEMBER BAMS 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 City 19 3 8 July 13|July 6 19 3 7 19 3« J u l y l 4 July l j July 6 19 3 7 July l 4 ASSETS Loans and Investments - t o t a l 7,449 7,494 8,325 1,815 1,797 1,979 Loans - t o t a l 2,932 2,968 3,959. 519 511 674 1,461). 132 1+96 1,463 130 339 16 335 16 25 444 537 1,758 162 1,147 193 119 93 1435 195 118 92 433 274 134 66 418 68 12 55 67 12 1 55 78 14 2 60 U, S, Gov'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 guaranteed by U."S. Gov't Other s e c u r i t i e s 2,837 2,844 2,968 869 859 919 68? 993 684 120 998 427 971 307 123 304 291 Reserve w i t h F. R. bank Cash i n v a u l t Balance w i t h domestic banks Other a s s e t s - n e t 3,412 52 77 478 3,277 53 72 482 2,514 55 943 35 945 36 46o 50 49 6,206 649 109 6,115 655 110 6,061 741 235 2,456 274 2,435 279 1,927 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 t o b r o k e r s and d e a l e r s Other l o a n s f o r purchasing 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 to banks Other loans 68 % — 28 48 95 209 595 30 152 1,527 464 77 1,517 465 81 1,511 454 34 708 7 703 7 553 7 17 246 17 246 203 61 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 IJ» 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 C a p i t a l account mm*m 294 1,480 583 308 1,476 —— —* mm mm 401 1,474 19 239 Form FR-28lt-b ASSETS Loans and Investments - t o t a l ASSETS Aim LIABILITIES OF T'EEKLY REPORTING MEMBER BAHKS IN 101 LEADING CITIES ON JULY 1 3 , 1 9 ) 8 ( I n m i l l i o n s of d o l l a r s ) District Reserve Federal To t a l Kansas Minn— I St. New P h i l a - Cleve- Rich- A t l a n t a — All Chicago L o u i s e a p o l i s City Boston mond York d e l p h i a land districts tDallas San Francisco 20,468 1,109 8,281 1,122 1,758 609 542 2,828 635 356 608 481 2,139 '8,231 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 3#885 Open market paper 335 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 638 Other l o a n s f o r purchasing or carrying securities 578 Real e s t a t e loans 1,159 Loans t o banks 118 Other l o a n s 1,518 591 3,325 420 674 228 277 825 275 155 242 226 993 274 64 23 1,578 142 503 191 19 18 260 11 23 98 10 3 150 3 6 470 30 32 164 5 5 72 4 2 148 17 4 142 2 3 338 28 16 32 83 3 112 263 223 93 523 34 59 2 97 37 172 2 169 16 31 1 69 15 26 4 73 79 91 4 119 12 48 6 35 8 6 14 21 377 63 12 22 1 38 TJe S. G o v , t o b l i g a t i o n s 7,730 O b l i g a t i o n s f u l l y guaranteed by U.S.Gov't. 1,505 Other s e c u r i t i e s 3*002 365 26 127 3,070 735 1,151 334 93 275 746 82 256 289 31 61 144 42 79 1,347 212 444 199 63 98 146 l4 4i 6,737 415 2,462 1,261 364 125 149 71 3,525 70 167 551 254 18 157 82 359 40 278 104 132 19 138 33 98 12 135 38 1,153 68 417 81 177 11 131 23 14,994 5,209 455 1,033 262 3 6,712 1,043 117 770 289 20 1,047 744 19 398 198 12 329 183 23 2,231 877 104 5,992 243 10 2,529 275 311 4 351 1 209 194 1 931 8 22 240 6 304 1,608 5 90 - 1 21 374 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 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 F o r e i g n banks Borrowings Other l i a b i l i t i e s C a p i t a l account 312 7 729 3,645 14 225 17 360 — — 21 93 56 44 2 176 208 43 115 173 31 51 709 133 304 78 6 127 18 159 13 308 22 103 11 219 25 335 22 236 213 4ll 185 15 269 119 2 490 143 18 4o6 131 25 898 1,035 92 270 361 191 — — 132 1 270 12 — —* •— — — — — — 6 56 4 82 305 333 7 89 — — — — *"• 3 95
@FedFRASER