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STATEMENT FOR THE PRESS Form FR-284 For immediate r e l e a s e Board of Governors of t h e Federal Reserve System J u l y 24, 1939 Condition of Weekly Reporting Member Banks i n 101 Leading C i t i e s The c o n d itio n statement of weekly r e p o r t i n g member banks i n 101 leading c i t i e s shows t h e following p r i n c i p a l changes f o r t h e week ended J u l y 191 A decrease of $29,000,000 i n 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 , an i n c r e a s e of $57,000,000 i n r e s e r v e b a l a n c e s with Federal Reserve banks, and an i n c r e a s e of $19,000,000 i n demand d e p o s i t s - a d j u s t e d . 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 declined $4,000,000 i n New York C i t y , and i n c r e a s e d $4,000,000 i n the Cleveland d i s t r i c t and $6,000,000 at a l l r e p o r t i n g member banks* Loans t o brokers and d e a l e r s i n s e c u r i t i e s declined $24,000,000 i n New York City and $29,000,000 at a l l r e p o r t i n g member banks. Loans t o banks i n c r e a s e d $11,000,000 i n New York City and $13,000,000 a t a l l r e p o r t i n g member banks. ^ Holdings of United S t a t e s Treasury b i l l s declined $19,000,000 i n New York City, and i n c r e a s e d $14,000,000 i n t h e Chicago d i s t r i c t and $4,000,000 a t a l l r e p o r t i n g member banks. Holdings of United S t a t e s Treasury notes declined $8,000,000 i n New York City and $2,000,000 at a l l r e p o r t i n g member banks. Holdings of United S t a t e s Government bonds i n c r e a s e d $11,000,000 i n t h e Chicago d i s t r i c t and $10,000,000 a t a l l r e p o r t i n g member banks. Holdings of o b l i g a t i o n s guaranteed by the United S t a t e s Government i n c r e a s e d $6,000,000. Holdings of "Other s e c u r i t i e s ' showed p r a c t i c a l l y no change f o r t h e week. 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 $14,000,000 i n t h e Chicago d i s t r i c t , $8,000,000 i n the San Francisco d i s t r i c t and $19,000,000 at a l l r e p o r t i n g member banks, and d e c l i n e d $15,000,000 i n t h e New York d i s t r i c t o u t s i d e of New York City. Deposits c r e d i t e d t o domestic banks declined $10,000,000# Borrowings of weekly r e p o r t i n g member banks amounted t o $12,000,000 on J u l y 19. 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 with changes f o r t h e week and t h e year ended J u l y 19, 1939, follows t ( 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 decrease since J u l y 20, J u l y 12, 1938 ASSETS +1,407 22,025 Loans and Investments - t o t a l 92 - 15 8,116 Loans - t o t a l + 15 + 6 3,893 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 21 2 311 Open market paper — 8 29 615 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 50 2 528 Other l o a n s f o r purchasing or carrying s e c u r i t i e s + 5 + 1 1,164 Real e s t a t e loans 57 + 13 71 Loans to banks + 24 - 2 1,534 Other l o a n s + 4) 458 Treasury b i l l s + 809 - 2) 2,132 Treasury n o t e s + 10) 5,915 U. S. bonds + 6 + 537 2,159 Obligations guaranteed by U. S. Gov't + 153 1 3,245 Other s e c u r i t i e s +1,997 + 57 8,706 Reserve with Federal Reserve banks + 50 25 439 Cash i n v a u l t + 339 23 2,767 Balances with 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 U. S. Government d e p o s i t s Inter-bank deposits* Domestic banks Foreign banks Borrowings 17,387 5,223 550 6,914 616 12 + 19 - 1 +2,260 + + 15 101 - + + + 975 309 1 + + 10 1 6 Form FR-28lt. STATEMENT FOR THE PRESS Board of Governors of t h e F e d e r a l Reserve System J u l y 20, 1939 For immediate r e l e a s e iSSETS AND L I A B I L I T I E S OF V.EEKLY REPORTING MEMBER BANKS I N CENTRAL RESERVE C I T I E S ( I n m i l l i o n s of d o l l a r s ) July 19, 1939 I n c r e a s e or decrease since J u l y 12, J u l y 20, 1938 1939 July 19, 1939 Chicago I n c r e a s e or decrease since J u l y 20, "Uuly1938 1939 A S S E T S +26 +321* 5I1b - 2 + 32 358 18 33 - 1 + 22 + 1 + 6 Loans and I n v e s t m e n t s - t o t a l 8,092 U8 +555 2,151 Loans - t o t a l 2,732 26 -178 h6 ' 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 Other 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 banks Other l o a n s 1,1)05 118 i\J2 187 115 60 375 - b 2b - 3 + 11 - - 19) 1,100 1,106 Reserve w i t h F« R« banks <5ash i n v a u l t Balances w i t h d o m e s t i c banks Other a s s e t s - n e t 7 2 - L'l - 55 b : 256 + 7 +3U7 + hi 136 333 5»OlJ-i. 62 76 380 + 59 - 5 - l +1,600 +13 + b 835 32 222 -107 b6 7,655 632 59 1 2 2 +1,312 - 12 - 51 1,682 1 8 +1*86 +270 760 12 15 1 + 57 - 1 1 + + 3 l 51 2b2 6b0 + 2 71 13 +339 I) - +15) + 1) +12) +267 + 7 + 18 -21 - 2 + 1 - 79 - 1 + 20 - b 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, ^ o v ' t d e p o s i t s Inter-bank deposits: Domestic b a n k s F o r e i g n banks - 125 810 2,211 Borrowings Other l i a b i l i t i e s CAPITAL ACCOUNTS - 13 - Hi 2 - 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 L I A B I L I T - 2,9^1 3h0 3^8 1,1)79 + •f b93 + 8 - 1 +157 + 29 - 12 - 5 + 66 60 26b + 5 - 2 + 17 Form FR-284-b ASSETS AND LIABILITIES OF WEEKLY REPORTING MEMBER BANKS IN 101 LEADING CITIES Oil JULY 19, 1939 (In m i l l i o n s of d o l l n r s ) c t Di R e s e r v e a 1 F e d e Total San .'an car: RichNew P h i l a - CleveDallas All Atlanta Chicago i c u i s I a p o i i s City Boston Francisco delphia land mond York districts ASSETS Loans and Investments - t o t a l 22,025 1,159 8,914 1,121 1,892 674 599 3,249 693 371 660 512 2,181 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 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 loans f o r purchasing o r carrying s e c u r i t i e s R e a l e s t a t e loans Loans t o banks Other loans 8,116 583 3,086 412 666 242 309 876 315 159 275 .254 939 3,893 311 615 268 64 23 1,511 126 478 184 25 20 239 6 21 104 10 3 178 3 7 505 33 37 187 4 5 79 4 1 166 20 4 169 1 4 303 15 12 528 1,164 71 1,534 22 81 2 123 246 202 60 463 32 54 1 96 27 169 3 201 15 37 82 103 10 25 14 21 48 384 116 13 50 4 52 7 7 73 12 31 1 77 61 50 45 177 Treasury b i l l s Treasury n o t e s U. S. bonds O b l i g a t i o n s guaranteed by U.S. Gov't Other s e c u r i t i e s 458 2,132 5,915 2,159 3,245 54 344 48 130 125 868 2,398 1,175 1,262 39 308 98 264 14 220 598 105 289 178 137 52 65 8 33 100 58 91 263 430 924 267 489 7 49 154 66 102 34 110 25 43 6 77 114 56 132 31 51 78 43 55 4 99 650 166 323 Reserve with F.R. bank Cash i n v a u l t Balances with domestic banks Other a s s e t s - net 8,706 439 2,767 1,241 431 141 159 81 5,190 80 181 458 363 17 190 101 457 41 282 105 161 21 167 34 m 12 174 47 1,073 62 483 79 189 11 148 23 87 7 127 18 171 14 310 22 120 11 247 30 353 22 299 243 17,387 5,223 550 1,125 249 16 8,199 1,010 78 855 1,222 280 734 42 53 453 200 28 378 184 40 2,475 927 108 457 190 22 389 118 3 503 144 23 454 135 30 977 1,052 107 6,914 616 292 24 3,029 541 355 13 392 2 253 240 1 1,004 13 296 134 1 212 — 304 21 12 761 3,715 1 21 243 11 353 1,602 7 93 19 400 6 93 —— — — — 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 Other l i a b i l i t i e s CAPITAL ACCOUNTS — —— 13 223 X 13 372 27 96 7 58 403 3 101 —— 4 85 288 349
@FedFRASER