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STATEMENT FOR THE PRESS Form FR-281} For immediate r e l e a s e Board of Governors of t h e F e d e r a l R e s e r v e System J u l y 5 , 1938 C o n d i t i o n of Weekly R e p o r t i n g Member Banks i n 101 Loading 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 w e e k l y 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 c h a n g e s f o r t h e week ended J u n e 2 9 : I n c r e a s e s of # 2 0 , 0 0 0 , 0 0 0 i n 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 , $ 1 4 , 0 0 0 , 0 0 0 i n " O t h e r l o a n s " , $ 1 2 6 , 0 0 0 , 0 0 0 i n r e s e r v e b a l a n c e s w i t h F e d e r a l R e s e r v e banks and $ 1 0 0 , 0 0 0 , 0 0 0 i n demand d e p o s i t s - a d j u s t e d , and a d e c r e a s e of $ 4 8 , 0 0 0 , 0 0 0 i n h o l d i n g s of "Other securities". 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 $ 9 * 0 0 0 , 0 0 0 i n t h e Boston d i s t r i c t , # 3 , 0 0 0 , 0 0 0 i n New York C i t y , $1).,000,000 e a c h i n t h e Chicago and M i n n e a p o l i s d i s t r i c t s and $ 2 0 , 0 0 0 , 0 0 0 a t a l l r e p o r t i n g member b a n k s . "Other loans" i n c r e a s e d $ 1 4 , 0 0 0 , 0 0 0 i n New York C i t y . H o l d i n g s of U n i t e d 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 $ 2 6 , 0 0 0 , 0 0 0 i n New York C i t y , and # 1 2 , 0 0 0 , 0 0 0 a t a l l r e p o r t i n g member b a n k s , and i n c r e a s e d # 1 7 , 0 0 0 , 0 0 0 i n t h e C l e v e l a n d d i s t r i c t . 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 U n i t e d S t a t e s Government i n c r e a s e d $ 1 5 , 0 0 0 , 0 0 0 i n Now York C i t y and '47,000,000 a t a l l r e p o r t i n g member b a n k s . H o l d i n g s of " O t h e r s e c u r i t i e s " d e c l i n e d $ 4 7 , 0 0 0 , 0 0 0 i n Now York C i t y and 01*8,000,000 a t a l l r e p o r t i n g member b a n k s . 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 $ 9 0 , 0 0 0 , 0 0 0 i n New York C i t y , $37#000,000 i n t h e Chicago d i s t r i c t , # 1 7 , 0 0 0 , 0 0 0 i n t h e C l e v e l a n d d i s t r i c t and $ 1 1 , 0 0 0 , 0 0 0 i n t h e B o s t o n d i s t r i c t , and d e c l i n e d $ 6 9 , 0 0 0 , 0 0 0 i n t h e New York d i s t r i c t o u t s i d e New York C i t y and $ 1 1 , 0 0 0 , 0 0 0 i n t h e Richmond d i s t r i c t , a l l r e p o r t i n g member b a n k s showing a n e t i n c r e a s e of $ 1 0 0 , 0 0 0 , 0 0 0 f o r t h e week# Time d e p o s i t s d e c l i n e d $ 3 * 0 0 0 , 0 0 0 and Government d e p o s i t s $ 1 8 , 0 0 0 , 0 0 0 . D e p o s i t s c r e d i t e d t o d o m e s t i c b a n k s changed r e l a t i v e l y l i t t l e d u r i n g t h e week, a l l r e p o r t i n g member b a n k s showing a n e t d e c r e a s e of $ 1 0 , 0 0 0 , 0 0 0 . Borrowings of w e e k l y r e p o r t i n g member banks amounted t o $ 1 , 0 0 0 , 0 0 0 on June 29* 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 b a n k s , t o g e t h e r w i t h c h a n g e s f o r t h e week and t h e y e a r ended Juno 2 9 , 1938, f o l l o w s : ( 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 d e c r e a s e June since June 3'0, June 2 2 , ASSETS 20,561 - 11 -1,729 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 l o a n s 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 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 or 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 loans 8,321 3,936 34o 652 583 1,160 113 1,537 + Ij2 20 8 12 3 1 Ue 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. G o v ' t . Other s e c u r i t i e s 7,770 1,488 2,982 Reserve w i t h F e d e r a l Reserve banks Cash i n v a u l t B a l a n c e s w i t h d o m e s t i c 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•deposits U* S» Government d e p o s i t s Inter-bank deposits: Domestic banks F o r e i g n banks Borrowings 6,574 417 2,415 15,036 5,239 465 Loans and I n v e s t m e n t s - t o t a l 5,780 320 1 + 14 -1,439 - 395 - 127 - 795 - 131 9 + 15 + 3 - 12 7 48 - 531 + 336 95 + + + 126 20 6 +1,174 + 114 + 632 + 100 3 18 - 151 + 4 82 + - + + + + - - + - - 10 5 + 764 - 296 + 1 Form FR—284—a STATEMENT FOR THE PRESS Board of Governors of the Federal Reserve System June 30, 1938 Fpr immediate release ASSETS AND LIABILITIES OF WEEKLY REPORTING MEMBER BANKS IN CENTRAL RESERVE CETIES (in millions of dollars) B 1 1 Chicago Lfcr 1 9 18 19 3 7 19 3 8 19 3 7 June 30 June 29 June 22 June 30 June 29 June 22 ASSETS Loans and Investments — total 7,552 7,584 8,470 1,813 1,81? 1,967 Loans ** total 3,000 2,974 4,026 525 521. ' 667 1,504 129 520 1,501 130 515 1,724 166 1,227 344 16 26 339 18 26 433 27 51 201 118 86 442 197 119 84 428 279 133 61 436 68 12 • 1 58 U, S. Gov&t obligations Obligations f u l l y guaranteed by U, S. Gov*t Other.securities 2,885 2,911 3,010 864 864 911 678 989 663 1,036 437 997 L22 302 122 303 95 294 Reserve with F» R# bank Cash in vault Balance with domestic banks Other assets •» net 3,339 58 71 491 3,219 50 71 490 2,603 54 67 467 , 946 924 33 215 4$ 596 30 158 60. 6,277 655 109 6,187 659 300 6,243 718 389 1,550 464 87 2,402 282 2 1,957 576 "I 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 67 ' 12 1 58 J 50 81 l4 2 59 LI4BIL I I I ES Demand deposits ** adjusted Hue deposits U, 6, Gov't deposits Interbank deposits i Domestic banks Foreign beaks Borrowings Other l i a b i l i t i e s Capital account ' $ l, 464 96 687 6 m *r 301 1,485 ,,s 400 1,478 20 245 X, 456 41 537 6 «• * 20 245 19 239 Form FR-284-b ASSETS AND LIABILITIES OF WEEKLY REPORTING MEMBER BANKS IN 101 LEADING CITIES ON JUNE 29, 1938 (Tn millions of dollars) Total All districts ET Loans and Investments - t o t a l New Boston York rut i>eaei-ax Phila— Cleve— Rich— Atlanta Chicago mond delphia land St. Louis Minne- Kansas Dallas'I San 1Francisco apolis 1 City 20,561 1,151 8,372 1,120 1,761 607 51+3 2,821 625 358 601 1+81 2,121 Loans - t o t a l Commercial, i n d u s t r i a l , and agricultural loans Open market paper Loans t o brokers and dealers i n s e c u r i t i e s Other loans f o r purchasing or carrying s e c u r i t i e s Real estate loans Loans t o banks Other loans 8,321 602 3,391+ 1+20 679 231 280 830 277 158 236 225 989 3,936 31+0 652 280 67 21 1,618 139 526 191 20 17 265 12 22 100 10 1+ 11+7 3 7 1+71+ 30 29 163 6 6 75 5 2 11+2 17 1+ 11+2 2 2 339 29 12 583 1,160 113 1,537 32 83 3 116 271 223 86 531 31+ 58 2 98 37 173 2 168 16 31 1 69 15 28 1+ 76 79 91 5 122 12 1+8 7 35 7 6 63 12 22 1 38 11+ 20 1 1+1+ 51+ 377 1 177 U. S. Gov't obligations Obligations f u l l y guaranteed by- U.S.Gov't Other s e c u r i t i e s 7,770 1,1+88 2,982 391 26 132 3,109 723 1,11+6 335 89 276 71+2 81+ 256 281+ 29 63 ii+5 39 79 1,31+3 213 1+35 190 62 96 li+6 11+ 1+0 207 1+2 116 172 31+ 50 706 133 293 Reserve with F. R. bank Cash i n vault Balances with domestic banks Other a s s e t s — net L I A B I L I T I E S Demand deposits—adjusted Time deposits U.S. Gov't deposits Inter-bank deposits* Domestic banks Foreign banks 6,571+ 1+17 2,1+15 1,280 310 3,1+61+ 123 75 131+ 167 72 566 21)2 17 163 85 3kh 1+0 277 103 127 19 131 35 92 12 137 38 1,150 67 1+29 81 185 11 121+ 23 76 6 121 17 152 13 291+ 22 99 11 211 25 333 23 227 213 15,036 5,239 1+65 1,021 6,797 261 1,01+9 8 117 782 290 20 i,ol+7 7I+0 18 39ii 198 13 328 185 23 2,250 879 115 l+OL 186 15 269 119 2 1+81 ll+5 18 395 132 25 868 1,055 91 267 121+ 1 31+0 187 252 12 95 5 83 311 328 Borrowings Other l i a b i l i t i e s Capital account 5,780 320 229 9 2,1+69 281+ 287 5 338 1 199 188 1 900 7 1 758 22 1 313 1,611+ 18 225 20 361 21 7 90 21+ 3,6i|8 2l+0 9k 373 7 56
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