The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
STATEMENT FOR THE PRESS For immediate r e l e a s e Board of Governors of t h e F e d e r a l Reserve System J u l y 26, 1937 C o n d i t i o n o f Weekly Reporting 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 banks 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 211 I n c r e a s e s of $19,000,000 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 , $23,000,000 i n l o a n s t o b a n k s , and # 1 , 0 0 0 , 0 0 0 i n 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 United S t a t e s Government and a d e c r e a s e of $50,000,000 i n r e s e r v e b a l a n c e s with F e d e r a l Reserve b a n k s . . „ 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 i n c r e a s e d somewhat i n m o s t of t h e 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 being $6,000,000 each i n t h e S t . Louis and Kansas City d i s t r i c t s . Loans t o banks i n c r e a s e d $25,000,000 a t r e p o r t i n g mem e r banks i n New York City and $23,000,000 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 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 $11,000,000 i n t h e Richmond d i s t r i c t , $6,000,000 i n t h e Chicago d i s t r i c t and $14,000,000 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 f u l l y guaranteed by t h e United S t a t e s Government i n c r e a s e d $31,000,000 i n t h e New York d i s t r i c t , $7,000,000 i n t h e Chicago d i s t r i c t and $4-1,000,000 a t a l l r e p o r t i n g member banks. Holdings of "Other s e c u r i t i e s " d e c l i n e d $ 3 , 0 0 0 , 0 0 0 . . 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 $13,000,000 i n t h e San F r a n c i s c o d i s t r i c t and a t a l l r e p o r t i n g member b a n k s . Government d e p o s i t s d e c l i n e d $11,000,000 i n New York City and $22,000,000 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 domestic banks d e c l i n e d $10,000,000 i n t h e Chicago d i s t r i c t and $28,000,000 a t a l l r e p o r t i n g member b a n k s . Borrowings of weekly r e p o r t i n g member banks amounted t o $18,000,000 on J u l y 21, an i n c r e a s e of $15,000,000 being r e p o r t e d by member banks i n New York C i t y and a d e c r e a s e o f $4,000,000 by o t h e r r e p o r t i n g member b a n k s . 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 t h e 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 21, 1937, f o l l o w s i J u l y 21, 1937 A S S E T S Loans and i n v e s t m e n t s - t o t a l 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 a g r i c u l t u r a l l o a n s i On s e c u r i t i e s Otherwise s e c u r e d and unsecured Open market 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 o r 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 banks Other l o a n s I On s e c u r i t i e s Otherwise secured and unsecured 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. Gov't Other s e c u r i t i e s Reserve w i t h F e d e r a l Reserve banks Cash i n v a u l t Balances with d o m e s t i c banks 22,213 9,740 579 3,847 ^59 1,357 703 1,162 129 719 785 8,240 1,195 3,038 5,302 300 1,785 Increase or decrease since J u l y 22, J u l y 14, 1936 1937 +50 +26 +7 +12 -4 +1 -4 +1 +23 -5 -5 —14** +4l** - 3 -50 -25 -l6 -233 +1,392 * * * +192 * +17 +73 * * -1,231 -82 -312 +486 -80 -723 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 I n t e r - b a n k d e p o s i t s I Domestic banks Foreign banks Borrowings 15,018 5,251 429 5,077 624 18 ^Comparable f i g u r e s n o t a v a i l a b l e # * * J u l y 14 f i g u r e s r e v i s e d . ( P h i l a d e l p h i a d i s t r i c t ) -13 +1 -22 -28 -4 +11 +161 +237 -394 -933 +192 +18 (B-804) STATEMENT FOR TEE PRESS For immediate r e l e a s e «... - Board of Governors of the Federal Reserve System July 22# 1937 »-grevotr"—™""" Sew York C i t y 19 T T T T _ ^ 4 ? ^ r r r T T F 3 b July 22 .Tulv 2lT3uly 14 July 22 Julv 21!July l4 A S S E I S 2,074 Loans and investments - t o t a l 8,359 8,325 8,754 1,993 3,959 3,198 686 674 560 Loans - t o t a l 3,964 32 419 29 52 31 413 28 48 * 78 14 2 * * * Commercial, i n d u s t r i a l and agricultural loans: On s e c u r i t i e s 241 1,512 Otherwise secured & unsecured 159 Open market paper 1,142 Loans to brokers and dealers Other loans for purchasing or 270 carrying securities 135 Real estate loans 91 Loans to banks Other loans : 240 On s e c u r i t i e s 174 Otherwise secured & unsecured 239 1,519 162 1,147 * * * 970 274 134 66 * 133 78 14 2 246 172 * 24 36 24 36 25 * * * 43 15 5 2,966 2,968 3,894 915 919 1,116 458 971 427 971 516 1,146 100 292 95 291 92 306 2,508 48 67 456 2,514 55 68 460 2,289 51 78 465 581 595 30 600 Demand deposits - adjusted Time •deposits TJ. S. Gov't deposits Inter-bank deposits: Domestic banks Foreign banks 6,071 6,255 1,510 743 561 224 6,061 741 235 191 1,929 580 1,927 583 Borrowings Other l i a b i l i t i e s Capital account 15 401 1,475 401 1,474 TJ« 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. Gov't Other securities Reserve with F, R. bank Cash in vault Balances vdth domestic banks Othor assets - not 27 204 61 76 454 32 1,511 454 34 1,538 434 2,437 397 549 7 553 7 653 6 367 1,429 19 19 239 26 227 l i a b i l i t i e s 31 152 148 61 239 ^Comparable figvires not 101 ASSETS AND LIABILITIES OF WEEKLY REPORTING MEMBER BANKS IN 101 LEADING CITIES ON JULY 21, 1937 Total All Boston districts ASSETS 22,213 Loans and ixivesbraents - t o t a l 9,740 Loans - t o t a l Commercial, i n d u s t r i a l , and agricultural loans: 579 On s e c u r i t i e s 3,847 Otherwise secured & unsecured 459 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 1,357 Other l o a n s f o r p u r c h a s i n g o r 703 carrying s e c u r i t i e s 1,162 Real e s t a t e l o a n s 129 Loans t o banks Other loans? 719 On s e c u r i t i e s 785 Otherwise secured & u n s e c u r e d 8,240 U. S. Gov't o b l i g a t i o n s 1,195 O b l i g a t i o n s f u l l y guaranteed by U.S.Gov't 3,038 Other s e c u r i t i e s 5,302 Reserve with F. R. bank 300 Cash i n v a u l t 1,785 Balances with domestic banks 1,276 Other a s s e t s - n e t l i a b i l i t i e s 15,018 Demand d e p o s i t s - a d j u s t e d 5,251 Time d e p o s i t s 429 U. S. Gov't d e p o s i t s Inter-bank depositst 5,077 Domestic banks 624 Foreign banks 18 Borrowings 862 Other l i a b i l i t i e s 3,597 C a p i t a l account Federal . Reserve D i s t r i c t s St. Rich- A t l a n t a Chicago Cleve118W P h i l a Louis mond d e l p h i a land York Minneapolis B-804b Kansas Dallas San City Francisco ,316 701 9,242 4,410 1,177 463 1,883 700 620 236 546 265 3,059 1,006 660 291 390 166 714 278 494 222 2,112 1,002 39 270 99 4o 255 1,623 174 1,162 43 163 26 25 43 230 17 22 14 90 9 4 11 124 5 7 49 559 52 61 47 123 11 6 9 75 7 2 19 154 24 4 13 126 3 3 37 310 32 21 37 85 6 351 243 91 39 60 2 38 178 4 20 29 2 16 27 5 93 81 6 13 45 9 9 6 15 19 1 16 21 1 56 368 2 64 61 448 24 143 255 33 86 85 273 238 3,188 500 1,144 2,626 65 138 527 48 57 331 99 284 255 16 132 87 12.2 46 855 60 268 333 37 160 105 30 38 284 33 67 127 18 127 41 25 45 172 32 77 101 11 99 38 46 59 i,44o 181 432 791 61 312 93 12 25 214 52 103 137 11 90 23 9 49 167 13 44 81 6 71 16 l4 28 265 46 125 166 13 227 23 8 31 192 29 51 111 10 155 26 68 108 684 126 300 319 19 188 212 968 280 35 6,607 1,143 231 837 285 18 1,093 721 15 427 200 10 337 179 12 2,269 867 45 399 184 7 269 121 2 499 144 7 401 121 10 912 1,006 37 214 11 1,997 582 16 413 1,609 276 4 326 1 183 744 8 236 109 1 399 180 — — — — 242 16 — — — 171 1 1 6 88 — — — — w — 32 235 20 227 — 17 345 — —" 1 21 91 — — 23 360 — — — — 8 87 — — 6 56 — 3 91 — — — 4 80 309 328
@FedFRASER