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STATEMENT FOR THE PRESS For immediate release Board of Governors of the Federal Reserve System July 6, 1937. 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 June 301 An increase of $23,000,000 in commercial, industrial, and agricultural loans and a decrease of $44,000,000 in loans to banks; decreases of $73,000,000 in holdings of United States Government obligations and $37,000,000 in "Other securities"? a de^gpse of $103,000,000 in demand deposits-adjusted; an increase of $110,000'In deposits credited to domestic banks; and a decrease of $38,000,000 in borrowings. Commercial, industrial, and agricultural loans increased $14,000,000 in the New York district, $8,000,000 in the Chicago district and $23,000,000 at all reporting member banks. Loans to brokers and dealers increased $20,000,000 in the New York district and declined 010,000,000 in the Philadelphia district, all reporting member banks showing a net increase of $3,000,0q0 for the week. Loans to banks declined $39,000,000 in the New York district and $44,000,000 at all reporting member banks. "Other loans" increased $9,000,000 in the New York district and $14,000,000 at all reporting member banks. Holdings of United States Government direct obligations declined $18,000,000 in the New York district, $17,000,000 in the Chicago district and 073,000,000 a t all reporting member banks. Holdings of obligations fully guaranteed by the United States Government declined $8,000,000. Holdings of "Other securities" declined $28,000,000 in the New York district and $37,000,000 at all reporting member banks. Demand deposits-adjusted declined $87,000,000 in the New York district (mostly outside of New York City), $14,000,000 in the Richmond district, $13,000,000 in the Boston district and $12,000,000 in the Kansas City district, and increased $19,000,000 in the Cleveland district and $16,000,000 in the Chicago district, all reporting member banks showing a net decrease of $103,000,000 for the week. Deposi s credited to domestic banks increased $95,000,000 in the New York district, $11,000,000 each in the Chicago and Kansas City districts and $110,000,000 at dll reporting member banks. , , ___ , Borrowings declined $32,000,000 in the New York district and $38,000,000 at all reporting member banks. , , , . A summary of the principal assets and liabilities of the reporting member banks, together with changes for the week and the year ended June 30, 1937, follows I June 30, 1937 A S S E T S Loans/ and investments - total Loans - total Commercial,industrial, and agricultural loansi On securities Otherwise secured and unsecured Open market paper Loans to brdkers and dealers in securities Other loans for purchasing or carrying securities Real estate loans Loans to banks Other loans* Oh securities Otherwise secured and unsecured U. S. Government direct obligations Obligations fully guaranteed by U. S. Gov't Other securities Reserve with Federal Reserve banks Cash in vault Balances with domestic banks L I A B I L I T I E S Demand deposits — adjusted Tine deposits U, S. Government deposits Inter-bank deposits; Domestic banks Foreign banks Borrowings ^Comparable figures not available. 22,290 9,760 Increase or decrease since July 1, June 23, 1936 , 1937 -124 —6 * 566 3,765 467 1,447 714 1,169 98 736 798 +23 1,152 3,077 5,400 303 1,783 -8 8,301 +2 +3 -2 -2 —44 +7 +7 -73 -37 +65 -5 +49 15,186 -103 5,235 547 5,017 +110 616 -329 +1,300 +2 -2 +4 * * +221 * +24 +36 * * -1,209 -137 -283 +913 -85 -687 +507 +224 -292 -993 +181 -38 (B-804) / STATEMENT FOR THE PRESS For immediate release : ' ASSETS AND LIABILITIES OF WEEKLY REPORTING MEMBER BANKS IN CENTRAL RESERVE CITIES (In millions of dollars) June 30 June 23 July 1 ! 19 3 6 19 3 7 19 3 7 C5 Chicago New York City 1 r Board of Governors of the Federal Reserve System July 1, 1937 19 3 6 July 1 A S S E T S Loans and investments - total 8,470 8,513 9,063 1,967 1,979 1,950 Loans - total 4,026 4,032 3,324 667 668 527 228 1,484 164 1,217 * * * 32 401 27 51 34 394 81 14 2 80 l4 3 24 35 22 35 Commercial, industrial, and agricultural loans1 On securities 229 Otherwise secured & unsecured 1,495 166 Open market paper Loans to brokers and dealers **1,227 0th#r loans for purchasing or 279 carrying securities Real estate loans 133 61 Loans to banks Other loans I On securities Otherwise secured & unsecured **173 i,oo4 28 • * * * 59 58 • 278 134 100 255 172 * 133 27 * * * 15 6 * * U. S, Gov't obligations Obligations fully guaranteed by U. S. Gov't Other securities 3,010 3,023 4,036 911 922 1,022 437 997 438 1,020 546 1,157 95 294 95 294 94 307 Reserve with F.R. bank Cash in vault Balances with domestic banks Other assets - net 2,603 54 67 467 2,509 49 64 471 2,004 54 82 481 596 30 158 60 586 l4l 59 701 38 205 84 6,243 718 289 6,252 722 289 6,215 550 192 1,512 456 4l 1,499 453 4l 1,510 449 • 101 1,957 576 1,863 570 2,535 398 538 6 534 7 638 5 31 4o4 1,475 363 1,431 19 239 28 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 .Borrowings Other liabilities Capital account •w«-» 4oo 1,478 — 22 237 T"~ 45 230 "^Comparable figures not available. **Revised July 6, 1937. (B~804a) ASSETS AMD LIABILITIES OF WEEKLY REPORTING MEMBER BANKS IN 101 LEADING CITIES ON JUNE 30, 1937 B-804b (In millions of dollars) Federal Reserve Districts Total San Minne- Kansas Dallas St. Phila- Cleve- Rich- Atlanta Chicago New All Boston Francisco Cityapolis Louis mond delphia land York districts A S S E T S Loans and investments — total Loans - total Commercial, industrial, and agricultural loans» On securities Otherwise secured & unsecured Open market paper Loans to brokers and dealers in securities Other loans for purchasing or carrying securities Real estate loans Loans to banks Other loanst On securities Otherwise secured & unsecured U. S. Gov't obligations Obligations fully guaranteed by U.S^Gov't Other securities Reserve with F. R. bank Cash in vault Balances with domestic banks Other assets — 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 Borrowings Other liabilities Capital account 22,290 1,324- 9,358 1,178 1,878 616 552 3,035 640 391 687 490 2,141 9,760 703 4,473 461 697 233 268 991 280 166 254 219 1,015 566 3,765 467 1,447 38 266 103 43 242 1,605 181 1,248 43 161 27 26 43 227 17 21 14 87 10 4 11 128 5 7 49 540 49 61 42 117 10 11 6 73 7 2 18 136 20 4 15 121 3 3 4l 304 34 22 714 1,169 98 37 86 5 361 242 61 38 60 2 38 179 4 17 29 2 17 26 5 81 96 13 45 6 15 19 1 15 21 1 58 375 2 736 798 8.301 64 61 456 23 1-42 242 33 82 88 290 243 3,237 477 1,171 2,717 69 151 538 47 57 337 94 286 257 16 156 90 120 48 854 59 268 340 38 166 106 29 4l 282 33 68 126 16 117 42 25 44 176 30 78 102 11 101 40 47 12 1,438 173 433 805 63 322 93 209 49 145 80 91 24 76 17 14 27 257 46 130 161 12 199 23 9 31 192 28 51 110 10 153 26 70 109 694 128 304 315 19 169 215 957 281 45 6,792 1,120 298 869 278 23 1,105 718 19 411 199 13 340 180 14 2,260 867 57 399 183 9 274 122 2 482 145 8 390 122 12 907 1,020 47 5,017 2,022 577 270 4 323 1 180 176 1 741 7 224 110 1 353 616 203 10 179 1 236 14 879 3,598 38 235 412 1,612 25 228 18 344 23 91 7 88 57 359 8 87 6 55 3 91 5 80 307 328 1,152 3,077 5,400 303 1,783 1.302 15,186 5,235 547 6 62 8 26 102 10 9 1 9 49 169 12 44 6
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