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STATEMENT FOB THE PRESS For immediate release B-804 Federal Reserve Board July 29, 1935. CONDITION OF WEEKLY REPORTING MEMBER BASKS IN LEADING CITIES The Federal Reserve Board's condition statement of weekly reporting member banks in 91 leading c i t i e s on July 24 shows decreases for the we elf of $44,000,000 in total loans and investments and $74,000,000 in net demand deposits and an increase of $14,000,000 in time deposits. Loans on securities to brokers and dealers in New York declined $26,000,000 at reporting member banks in the New York district and at a l l reporting member banks; loans to brokers and dealers outside New York declined $4,000,000; and loans on securities to others declined $7,000,000. Holdings of acceptances and commercial paper bought in open marketincreased $4,000,000; real estate loans showed l i t t l e change for the week; and "other loans" declined $13,000,000 in the New York district, $6,000,000 in the Chicago district, and $27,000,000 at a l l reporting member banks* Holdings of United States Government direct obligations increased $13,000,000 in the Chicago district, $5,000,000 in the Atlanta district and $15,000,000 at a l l reporting member banks, and decreased $11,000,000 in the Kansas City district. Holdings of obligations fully guaranteed by the United States Government increased $12,000,000 in the New York district and $18,000,000 at a l l reporting member banks. Holdings of other securities declined $6,000,000 in the Boston district and $18,000,000 at a l l reporting member banks. Licensed member banks formerly included in the condition statement of member banks in 101 leading c i t i e s , but not now included in the weekly statement, had total loans and investments of $1,300,000,000 and net demand, time and Government deposits of $1,518,000,000 on July 24, compared with $1,291,000,000 and $1,510,000,000, respectively, on July 17. A^ sunmary of the principal assets and l i a b i l i t i e s of the reporting member banks, in 91 leading c i t i e s , that are now included in the statement, together with changes for the week and the year ended July 24, 1935, follows: (in millions of dollars) Loans and investments - total Loans on securities - total To brokers and dealers: In New York Outside New York To others Increase or decrease since July 24,1935 July 17.1935 July 25.1914 18.718 -44 ±220 2,997 -37 855 160 1,932 301 951 3,197 -26 -4 -7 +4) +1) -27) U. S. Government direct obligations Obligations f u l l y guaranteed by U.S.Govt. Other securities 7,507 887 2,878 +15 +18) —is) Reserve with F. R. banks Cash in vault 3,697 297 +5 15,5^ 4,394 511 -74 +14 +2,789 -107 -785 1,816 4,387 -44 -57 +172 +542 1 -2 -4 Acceptances and commercial paper bought Loans on real estate Other loans Net demand deposits Time deposits Government deposits Due from banks Du.e to banks Borrowings from F. R, banks -83 -10 -403 +4 +836 +646 +658 +62 Federal Reserve Board. July 25, 1935 For immediate release CONDITIO!? OF ;VEBKLY H2P0STLJG ! EIvIBER BANKS 111 CENTRAL RESERVE CITIES (In millions of dollars) July 24 1935 July 17 1975 Loans and investments - total 7,785 7.805 7.227 loans on securities - total To "brokers and dealers: In New York Outside New York To others 1*628 1.650 1.690 822 58 748 84l 59 750 783 55 852 Acceptances and commercial paper "bought Loans on real estate Other loans l4l 123 1,202 138) 123) 1,219) If494 U« S. Government direct obligations Obligations f u l l y guaranteed "by U.S.Govt. Other securities 3*330 336 1,025 3*327 323) 1*025) 2,918 1 1?f' Reserve with F. R, "bank Cash in vault 1*853 42 1*756 42 1,366 38 Net demand deposits Time deposits Government deposits 7,668 571 244 7,591 564 245 6,209 678 704 Due from "banks Due to "banks 96 1,893 96 1*913 82 1,645 — — 1.690 1,687 1,44s Loans on securities - total To "brokers and dealers: In New York Outside New York To others 193 194 270 1 27 165 1 28 165 36 215 Acceptances and commercial paper "bought Loans on real estate Other loans 20 15 $44 18) 15) 251) 294 U. S, Government direct obligations Obligations f u l l y guaranteed by U.S.Govt. Other securities 879 82 257 868 81) 260) 583 301 Reserve with F. R. bank Cash in vault 553 36 566 36 HEW YOBK Borrowings from F. R, "bank July 25 1934 CHICAGO Loans and investments - total Net demand deposits Time deposits Government deposits Due from banks Due to banks 1,684 4i4 29 29 205 511 213 515 1*419 3 & 165 422 Borrowings from F. R, "bank (B-804a) 3?<yr immediate release PRINCIPAL ASSETS AHD LIABILITIES OF WEEKLY REPORTING MEMBER BASKS IN LEADING CITIES, BYDISTRICTS, OH JULY 24,1935 B-804b (In millions of dollars) District St, | MinnPhila- CIeve- | Rich- Atlanta1Chicago Louis leapolis delphia land I mond Total Loans and investments - total s.6% 1.093 1.233 Loans on securities - total To "brokers and dealers: In Hew York Outside Hew York To others 2.997 187 855 160 1,982 7 27 153 % 910 13 12 154 6 156 Acceptances and commercial paper "bought Loans on real estate Other loans 301 951 3,197 37 88 282 143 239 1,337 23 71 180 U. S. Govt, direct obligations Obligations f u l l y guaranteed "by U.S.Govt. Other securities 7,507 887 2,878 383 17 172 3,535 372 1,209 Reserve with F. R. "banks Cash in vault 3,697 297 236 93 Het demand deposits Time deposits Government deposits Due from "banks Due to banks Borrowings from F. R. banks 410 1,921 1 4o 12 160 5 50 1 31 30 30 315 9 37 95 6 5 106 20 13 110 2 24 107 343 329 100 19 52 1,09S 92 304 219 4l 90 Te >3 226 44 120 1 616 112 330 65 11 38 7 602 46 108 9 71 5 101 11 73 9 178 17 1 1,964 563 39 430 278 123 3 521 157 11 332 123 19 802 951 50 88 100 89 95 244 292 138 132 191 209 1 48 3 39 3 73 150 il 75 2 12 111 % 273 628 29 188 120 26 56 149 13 161 22 15,544 1,031 310 4,394 31 511 8,120 974 263 827 284 34 &25 248 138 6 107 222 178 1,960 153 261 127 198 99 108 1,816 4,387 Francisco § 1%
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