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Form FRr-284 STATEMENT FOR THE PRESS For immediate release Board of Governors of the Federal Reserve System July 25, 1938# Condition of Weekly Reporting Member Banks in 101 Leading Cities The condition statement of weekly reporting member banks in 101 leading cities shows the following principal changes for the week ended July 20* A decrease of of $34,000,000 in holdings of United States Government direct obligations, and inr creases of #117.000,000 in obligations fully guaranteed by the United States Government and $90,000,000 in "Other securities"; an increase of $133,000,000 in demand deposits-adjusted, and a decrease of $53 $000,000 in deposits credited to domestic banks. ^ . A Commercial, industrial and agricultural loans declined $13,000,000 in New York City and $7,000,000 at all reporting member banks, and increased $6,000,000 in the Atlanta district and $5,000,000 in the St. Louis district. Loans to brokers and dealers in securities declined $10,000,000 in New York City and $15,000,000 at all reporting member banks. Loans to banks increased $8,000,000 in New York City* Holdings of United States Government direct obligations declined $22,000,000^ in New York City and $34,000,000 at all reporting member banks. Holdings of obligations fully guaranteed by the United States Government increased $66,000,000 in New York City, $11,000,000 in the Chicago district, $10,000,000 in the Cleveland district and $117,000,000 at all reporting member bonks. Holdings of "Other securities" increased $66,000,000 in New York City, $10,000,000 in the Chicago district and $90,000,000 at all reporting member banks. Demand deposits-adjusted increased $137,000,000 in New York City and . $133,000,000 at all reporting member banks. Deposits credited to domestic banks declined $18.000,000 in the Chicago district, $11,000,000 in the Philadelphia district and $53,000,000 at all reporting member banks. Borrowings of weekly reporting member banks amounted to $11,000,000 on July 20 < A summary of the principal assets and liabilities of reporting member banks, together with changes for the week and the year ended July 20, 1938, follows * July 20, 1938 ASSETS Loans and Investments - total Increase or decrease since July 13, July 21, 193? 1938 20,618 +150 Loans - total Commercial, industrial, and agricultural loans Open market paper Loans to brokers and dealers in securities Other loans for purchasing or carrying securities Real estate loans Loans to banks Other loans 8,208 3,878 332 623 578 1>159 128 1,510 -23 -7 -3 -15 U. S. Government direct obligations Obligations fully guaranteed by U.S. Gov't Other securities 7,696 1,622 3>092 -34 +117 +90 —544 +427 +54 Reserve with Federal Reserve banks Cash in vault Balances with domestic banks 6,709 389 2,428 -28 -26 -34 +1,407 +89 +643 15,127 5,208 4^9 +133 -1 —6 +109 -43 +20 5,939 307 H -53 -5 +4 +862 -317 -7 LIABILITIES Demand deposits-adjusted Time deposits U. S. Government deposits Inter-bank deposits* Domestic banks Foreign banks Borrowings +10 —8 -1,595 -548 -127 -734 -125 -3 -1 +6 Form FR~284~a STATEMENT FOR THE PRESS Board of Governors of the Federal Reserve System July 21, 1938 For immediate release ASSETS AND LIABILITIES OF WEEKLY REPORTING MEMBER BANKS IN CENTRAL RESERVE CITIES (in millions of dollars) 1 Chicago New York CjLtv 19 3 7 19 3 7 1938 19 3 8 July 20 July 13 July 21 July 20 July 13 July 21 ASSETS Loans and Investments — total 7,537 7,449 8,359 1,827 1,815 1,993 Loans - total 2,910 2,932 3,964 | 512 519 686 1,451 131 486 1,464 132 496 1,753 159 1,142 336 17 27 339 16 29 451 29 52 194 117 101 430 193 119 93 435 270 135 91 4l4 68 68 52 55 78 l4 2 60 U. S. Gov't obligations Obligations fully guaranteed by U. S. gov't Other securities 2,815 2,837 2,966 871 869 915 753 1,059 687 993 458 971 129 315 120 307 100 292 Reserve with F. R* bank Cash in vault Balanceswith domestic banks Other assets — net 3,444 49 76 437 3,412 52 77 478 2,508 48 67 456 914 33 202 50 943 35 203 50 581 27 148 61 6,343 644 110 6,206 649 109 6,071 743 224 1,525 464 72 1,527 464 77 1,510 454 32 2,455 270 2,456 274 1,929 580 694 7 708 7 549 7 291 1,480 294 1,480 15 401 1,475 1 17 247 17 246 19 239 Commercial, industrial and agricultural loans Open market paper Loans to brokers and dealers Other loans for purchasing or carrying securities Real estate loans Loans to banks Other loans 12 12 LIABILITIES Demand deposits — adjusted Time deposits U, S» Gov't deposits Inter-bank deposits* Domestic banks Foreign banks Borrowings Other liabilities Capital account Form FR—284-b ASSETS AND LIABILITIES OF WEEKLY REPORTING MEMBER BANKS IN 101 LEADING CITIES ON JULY 20, 1938 (in millions of dollars) District Reserve Federal Total San Kansas St. MinneRichCleveNew PhilaAll Boston York delphia land mond Atlanta Chicago Louis apolis City Dallas Francisco districts ASSETS Loans and Investments - total 20,618 127 1,770 6o4 552 2,842 643 357 . 616 487 2,142 Loans - total Commercial, industrial, and agricultural loans Open market paper __ Loans to brokers and dealers in securities Other loans for purchasing or carrying securities Real estate loans Loans to banks Other loans 8,208 588 3,301 4l8 673 228 284 817 283 155 244 226 991 3 >878 332 623 270 1,564 63 l4l 24 492 191 19 16 262 11 21 98 10 3 156 3 6 466 31 31 169 5 6 73 5 1 150 16 4 142 2 3 337 26 16 264 221 101 518 34 59 2 97 37 172 2 168 16 31 2 68 15 27 4 73 79 91 4 115 12 49 7 35 8 6 12 22 1 39 14 21 ~44 55 378 2 177 U. S. Gov't obligations Obligations fully guaranteed by U.S«Gov*t Other securities 7,696 1,622 3 >092 366 3,038 31 807 74 5 92 260 283 32 61 145 43 80 1,348 223 454 199 64 97 148 129 1,218 335 96 278 41 209 45 118 172 38 51 708 138 305 Reserve with F. R. bank Cash in vault Balances with domestic banks Other assets — net LIABILITIES Demand deposits-adjusted Time deposits U. S. Gov't deposits Inter-bank deposits: Domestic banks Foreign banks 6,709 389 2,428 1,271 354 3,575 124 64 142 167 71 560 239 16 159 82 351 37 278 105 137 18 136 33 96 11 126 38 1,121 62 410 82 176 10 128 23 75 5 124 18 153 12 303 23 102 10 215 25 330 20 240 211 15,127 5,208 449 1,027 6,860 262 1,038 8 117 768 1,050 746 291 18 20 400 199 12 329 23 4l6 185 15 265 119 2 482 l44 18 405 I83 2,225 877 100 900 1,033 92 5,939 307 240 2,523 272 9 300 4 348 1 203 192 1 913 7 268 129 1 365 193 265 12 11 727 3,647 11 19 301 240 1,608 15 225 17 361 21 93 5 90 21 374 7 89 6 57 3 95 4 82 308 333 Borrowings Other liabilities Capital account 578 1,159 128 1,510 32 82 114 62 1 24
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