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Form FR—28-4 STATEMENT FDR THE PRESS For immediate release Board of Governors of the Federal Reserve System July 31, 1939 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 26! Increases of $66,000,000 in loans to brokers and dealers in securities, $44,000,000 in reserve balances with Federal Reserve banks and $214,000,000 in demand deposits—adjusted, and a decrease of $118,000,000 in deposits credited to domestic banks.^ Commercial, industrial and agricultural loans increased $9,000,000 in New York City and $6,000,000 at all reporting member banks. Loans to brokers and dealers in securities increased $51,000,000 in New York City and $66,000,000 at all reporting member banks. Holdings of Treasury bills increased $22,000,000 in New York City and $7,000,000 at all reporting member banks, and decreased $12,000,000 in the Chicago district. Holdings of Treasury notes increased $5,000,000. Holdings of United States Government bonds decreased $14,000,000 in New York City and $3,000,000 at al1 reporting member banks. Holdings of obligations guaranteed by the United States Government increased $9,000,000. Holdings of "Other securities" increased $12,000,000 in New York City and $14,000,000 at all reporting member banks. Demand deposits—adjusted increased $149,000,000 in New York City, $45,000,000 in the Chicago district and $214,000,000 at all reporting member banks. Time deposits increased $11,000,000 in New York City and $14,000,000 at all reporting member banks. Deposits credited to domestic banks decreased in every district, the principal decreases being $49,000,000 in New York City and $19,000,000 in the Chicago district and the total decrease being $118,000,000. Deposits credited to foreign banks increased $11,000,000. Borrowings of weekly reporting member banks amounted to $13,000,000 on July 26. A summary of the principal assets and liabilities of reporting member banks, together with changes for the week and the year ended July 26,1939, follows: (In millions of dollars) t—— Increase or decrease since July 27, ay 19, 1938 1939 ASSETS +1,579 +110 Loans and Investments - total 22,135 8,194 3,899 312 681 528 1,165 71 1,538 + + + + Treasury bills Treasury notes U. S. bonds Obligations guaranteed by U. S. Gov't Other securities 465 2,137 5,912 2,168 3,259 + 7) + 5) - 3) + 9 + 14 Reserve with Federal Reserve banks Cash in vault Balances with domestic banks 8,750 448 2,745 + 44 + 9 - 22 +2,075 + 43 + 322 17,601 5,237 548 +214 + 14 - 2 +2,441 + 37 + 107 6,796 627 13 -118 + 11 + 1 + 946 + 324 8 + LIABILITIES Demand deposits—adjusted Time deposits U. S. Government deposits Inter—bank depositst Domestic banks Foreign banks Borrowings 78 6 1 66 + + 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 — + 1 —i— + 4 — + - + - + 33 30 22 86 49 3 45 30 + 855 + 528 + 163 Forn FP-284 STATQ1EOT FOR THE PRESS Board of Governors of the Federal Reserve System July 27, 1939 For immediate release ASSETS AND LIABILITIES OF WEEKLY REPORTING MEMBER BANKS IN CENTRAL RESERVE CITIES (in millions of dollars) vew York City Increase or July July decrease since 26, July 19, July 27, 26, 1938 1939 1939 1939 Chicago Increase or decrease since July 19, July 27, 193& 1939 ASSETS Loans and Investments-total 8,182 + 90 + 692 2,141 Loans - total 2,797 + 65 — 82 547 + — 36 13 54 357 18 37 5 3 28 51 71 14 Commercial, industrial, and agricultural loans 1/1A 118 Open market paper Loans to brokers and dealers 523 Other loans for purchasing or 188 carrying securities 115 Real estate loans 60 Loans to banks Other loans 379 9 - " + 51 + 1 — - — - — + 4 147 817 2,197 + 22) - 1) - 14) 1,106 1,118 + 6 + 12 Reserve with F.R. banks 5,072 Cash in vault 63 Balances with domestic banks 78 Other assets - net 372 + 28 + 1 + 2 Treasury bills Treasury notes U. S. bonds Obligations guaranteed by U, S. Gov't Other securities — 10 + 314 + 3 + 34 — — • 4 + 12 + i + + 3 2 — i + — — — 50 13) + 374 243 242 646 4 + 336 64 137 326 857 34 225 47 + 22 8 ,686 + 11 + 8 120 7,804 643 56 +149 + 11 ~ 3 +1,526 2 — 48 1,716 493 63 + 34 2,892 546 - 49 + 6 + 468 + 281 740 12 3# 1,480 + - 19 1 - — — ) + 6) + 1 7 — + 2 + 3 + 1 2 — + 260 9 11 77 — — + — 17 4 L I A B I L I T I E S Demand deposits-adjusted Time deposits U. S. Gov't deposits Inter-banlc deposits! Domestic banks Foreign banks Borrowings Other liabilities CAPITAL ACCOUNTS — — 2 1 + + 4- 3 20 + - + + 156 29 4 48 5 — 49 3 15 265 —* + 1 + 2 18 ASSETS AHD LIABILITIES OF WEEKLY REPORTING MEMBER BANKS III 101 LEADING CITIES ON JULY 26, 1939 (in millions of dollars, District Reserve Federa] Total Mimie Kansas Dallas| San Phila- Cleve- Rich- Atlanta Chicago All Francisco apolis delphia land mond districts Boston ASSETS 2,190 512 661 693 3,239 594 676 1,163 9,005 1,131 1,893 22,135 Loans and Investments - total 942 256 275 315 878 305 245 668 416 584 3,150 8,194 Loans - total 301 170 Commercial, industrial, and 165 188 503 175 105 240 186 267 1,520 3,899 15 2 20 agricultural loans 4 33 10 3 6 26 126 63 14 312 4 4 Open market paper 5 42 7 5 21 23 528 26 681 Loans to brokers and dealers in securities 48 14 10 Other loans for purchasing 7 82 13 12 15 26 32 247 22 528 385 21 25 or carrying securities 7 50 103 30 170 37 54 202 81 1,165 Real estate loans 3 2 1 3 60 2 71 179 45 51 Loans to banks 61 52 115 76 200 73 96 467 123 1,538 Other loans 4 29 6 6 251 8 — 14 147 465 100 51 78 Treasury bills 34 50 430 178 33 220 867 39 57 656 2,137 78 113 Treasury notes 114 154 930 100 137 595 313 2,379 343 5,912 163 43 56 U. S. bonds 26 66 267 59 51 106 97 1,186 48 2,168 325 55 Obligations guaranteed by U.S. Gov*t 133 44 102 483 89 65 290 266 1,276 131 3,259 Other securities 349 119 173 87 188 1,100 116 161 462 356 5,216 423 22 8,750 11 15 Reserve with F.R, bank 7 11 66 13 21 43 17 81 141 298 448 246 298 120 Cash in vault 148 490 172 171 277 189 180 156 242 2,745 29 24 Balances with domestic banks 17 81 23 45 34 104 101 450 79 1,229 Other assets - net Form FR-284-b — . - - L I A B I L I T I E S Demand deposits—adjusted Time deposits U.S. Gov't deposits Inter—bank deposits: Donastic banks Foreign banks Borrowings Other liabilities CAPITAL ACCOUNTS 17,601 1,120 8,343 249 1,020 16 74 6,796 627 287 2,981 548 25 12 1 351 21 243 1,603 5,237 548 13 767 3,718 857 1,230 281 734 53 42 462 200 28 381 183 41 2,520 927 110 461 190 22 293 118 3 505 144 23 354 14 386 2 248 233 2 985 13 291 129 1 395 13 222 13 372 7 93 19 402 6 93 7 58 3 101 _-L — • 29 96 456 135 30 973 1,056 106 207 300 22 — — 4 85 294 350
@FedFRASER