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Form F . R. 26k STATEMENT FOR TEE PRESS F o r immediate r e l e a s e Board o f G o v e r n o r s of t h e F e d e r a l R e s e r v e System J u l y 7 , 19Ul C o n d i t i o n of Weekly R e p o r t i n g Member Banks i n L e a d i n g 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 b a n k s 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 e n d e d J u l y 2 : Increases of # 7 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 , $ 7 5 * 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 v22l|.,000,000 i n 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 , and d e c r e a s e s of # 9 7 , 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 #72,000,000 in "Other s e c u r i t i e s " # 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 n c r e a s e d ^ 3 3 , 0 0 0 , 0 0 0 i n Hew York C i t y , $ 1 6 , 0 0 0 , 0 0 0 i n t h e C h i c a g o d i s t r i c t , 0 9 , 0 0 0 , 0 0 0 i n t h e San F r a n c i s c o d i s t r i c t and $ 7 0 , 0 0 0 , 0 0 0 a t a l l r e p o r t i n g member banks# 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 i n c r e a s e d v 3 3 , 0 0 0 , 0 0 0 i n New York C i t y and vlj.1,000,000 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 T r e a s u r y b i l l s i n c r e a s e d § 3 1 , 0 0 0 , 0 0 0 i n New York C i t y , and d e c l i n e d $ 5 6 , 0 0 0 , 0 0 0 i n t h e C h i c a g o d i s t r i c t and v l 8 , 0 0 0 , 0 0 0 a t a l l r e p o r t i n g member banks# H o l d i n g s of U n i t e d S t a t e s Government b o n d s i n c r e a s e d $ 2 3 , 0 0 0 , 0 0 0 i n New York C i t y , and d e c l i n e d § 2 9 , 0 0 0 , 0 0 0 i n t h e Richmond d i s t r i c t and $ 1 1 , 0 0 0 , 0 0 0 a t a l l r e p o r t i n g member banks# 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 § 5 8 , 0 0 0 , 0 0 0 i n Hew York C i t y and s?72,000,000 a t a l l r e p o r t i n g member banks# 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 $ 7 0 , 0 0 0 , 0 0 0 i n t h e How York d i s t r i c t o u t s i d e Hew York C i t y , $ 3 6 , 0 0 0 , 0 0 0 i n t h e C h i c a g o d i s t r i c t and $ 9 7 , 0 0 0 , 0 0 0 a t a l l r e p o r t i n g member banks# D e p o s i t s c r e d i t e d t o domestic banks i n c r e a s e d s u b s t a n t i a l l y i n n e a r l y a l l 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 b e i n g 5 6 3 , 0 0 0 , 0 0 0 i n Hew York C i t y , 0 3 7 , 0 0 0 , 0 0 0 i n t h e C h i c a g o d i s t r i c t , v21>000,000 i n t h e St# L o u i s d i s t r i c t and 320,000,000 in the Philadelphia d i s t r i c t . 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 J u l y 2 , 194%, 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 ) Increase or decrease July. AS S E i r i r 2, J9Ul___ since June 25, J u l y 3, I9l+l__ 19I+O Loans and I n v e s t m e n t s - t o t a l 2°, 325 + i|6 + 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 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 O t h e r 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 loans Loans t o b a n k s Other loans 10,453 5,895 377 528 1+58 1,214+ +129 + 70 + 5 + l+i +1,991 +1,1+57 + 76 + 1U8 13 + 1+5 Treasury b i l l s Treasury notes U# S# bonds O b l i g a t i o n s g u a r a n t e e d by TJ# S# G o v ' t Other s e c u r i t i e s R e s e r v e w i t h F e d e r a l R e s e r v e Banks Cash i n v a u l t Balances w i t h domestic banks L I 1,911 1,080 2,2ij6 7,929 3,058 3,579 6 - 2 + 2 + 7 + 278 - 18 + 10 - 11 + 323 + 183 +1,51+7 + 633 + 62 10,063 570 3,516 + - 23,91+9 5,1+19 1+67 - 97 + 9 + 8 - 72 75 - 26 + 77 + + 773 92 239 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 Uf S. Government d e p o s i t s Interbank deposits: Domestic b a n k s F o r e i g n banks Sorrowings ho + l+,739 9,272 666 + 5 +221+ - 5 +3*1+39 + 88 1+9 + 695 19 Form F. B. 28-4-a STATEMENT FOR THE PRESS Board of Governors of t h e F e d e r a l Reserve System J u l y 3? 194-1 For imr.ediate r e l e a s e CONDITION OF WEEKLY REPORTING MEMBER BANKS IN CENTRAL RESERVE CITIES ( i n m i l l i o n s of d o l l a r s ) New York C i t y Increase or decrease s i n c e July July 3j June 25, 2 1940 1941 194-1 July 2 1941 Chicago Increase or decrease since July 3j June 251 1940 1941 ASSETS Loans and I n v e s t m e n t s - t o t a l 11,865 + 53 +2,592 3,500 + 67 + 2,261+ 91 302 + 33 3 33 4- 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 loans Open n a r k e t paper Loans t o b r o k e r s and d e a l e r 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 l o a n s 168 111 32 U52 - + 4* - + 4* 1+ 3 2 1 - t + - + 732 81+8 + 23 +21+7 552 5 120 6l6 25 1+0 + 15 + l + 7 +185 + 8 + 16 2 11 1 75 55 21 —• + - - — 91 2I+1 W+ 703 361 125 813 - 56 - 2 + 1 + 58 Ul7 55 139 382 - 1 - - + 5 + 58 - 21+ - 1 + 30 . - 3 + 1,707 1,3141+ - Reserve vritli F. R. Bank Cash i n v a u l t Balances vzitii domestic banks Other a s s e t s - n e t 5,622 128 91 308 + 5 -• 1+ - 5 - 1 1,099 1+5 49 15 1,121 1+1 281+ " 39 + 33 - l + 17 + 1 10,988 728 20 + +1,1+25 445 20 2,222 + 3,877 603 + 95 27 1,036 8 + - + 9 58 4- 4- + 4- + 6 3 + la " 610 1,1+59 3,21+5 31 1 23 +1+12 - 35 Treasury b i l l s Treasury n o t e s U. S. bonds O b l i g a t i o n s guaranteed, by U. S. Gov't Other s e c u r i t i e s - . 2,668 - 3k + 96 L I A B I L I T I E S Denand d e p o s i t s - a d j u s t e d Tine d e p o s i t s U. S.Gov't d e p o s i t s Interbank deposits 1 Domestic banks Foreign banks Borrowings Other l i a b i l i t i e s CAPITAL ACCOUNTS + + •» 2 5 l 63 6 4- - I+99 100 mm mm 289 1,509 " 13 1+ 4- 8 22 il+ 27I+ 8 6 +315 - 10 + 17 + 18 -- + 73 •w mm mm wm —— + 2 l —* + 1 + 18 Form F* R. 28Uwb ASSETS Am LIABILITIES OF REPORTING MEMBER BANFS IN 101 LEADING CITIES ON JULY 2 , I9I4I ' ( In m i l l i o n s of d o l l a r s ) District Federal Reserve Total, P h i l a - Clove- RichNew All S t . J 1* i n n - | Kansas San 1 Dallas Francis d i s t r i c t s Boston mond iA t l a n t a phicr.go Louis j e a p o l i s j C i t y York d e l p h i a jland 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 Commercial, i n d u s t r i a l , and a g r i c u l t u r a l loans Open m a r k e t 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 Other loans f o r purchasing 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 loans Loans t o banks Other l o a n s Treasury b i l l s Treasury notes Ue S . bonds O b l i g a t i o n s 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 R e s e r v e w i t h F . R. 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 Other a s s e t s - n e t 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# Se G o v ' t d e p o s i t s Interbank deposits: Domestic banks F o r e i g n banks Borrowings Other l i a b i l i t i e s CAPITAL ACCOUNTS 1,305 2,186 28,525 1,384 12,828 io,i+53 745 3,902 5146 855 5,895 377 4oo 81 i4 2,411 106 387 290 1+02 16 215 32 51 528 1+58 1,21+4 l+o l,9H 1,080 2,2l|6 7,929 3,038 39 377 68 3,579 134 1,009 1,481 10,863 553 66 81 4 149 21 195 32 605 2,463 315 3.82 1,313 4o4 225 366 318 1,082 147 197 5 7 847 49 49 231 20 111 3 2 215 25 4 211 3 433 67 13 60 1 6 14 11 32 1 13 4 20 i4 49 182 1 220 mmmm 159 5,803 507 774 380 229 77 49 3 P3 67 1,136 1,742 11,754 1,095 487 9,272 666 395 22 3,974 605 25 248 769 253 1,418 230 14 757 3,872 1+44 261 3,501 23,949 l 833 7 178 734 1,501 ll+9 201 1 —— 13 17 4,o4o 88 2 64 207 556 634 570 3,516 1,149 5,419 38 28 718 750 152 2I+1 Ij6 —— 295 1,635 107 — 25 391 82 24 261 16 488 6 745 44 535 1 mm mm 17 218 136 125 165 7 362 75 1 331 579 35 208 72 113 93 69 45 107 61 116 218 1,237 292 188 1,527 81 633 261 72 191 22 25 292 4o 641+ 14 252 50 13 —— 43 59 34i 105 7 132 15 207 17 153 12 317 30 493 27 331 290 593 13 553 137 37 1,328 1,102 80 1+66 295 1 372 19 4 90 309 394 375 367 1,391 9 434 180 38 101 13 98 19 1428 7 97 mm 814 339 mm mm mmmm 120 570 192 20 — •» 39 385 110 110 134 3 19 123 35 39 3,369 1,001 136 2 i4 23 195 1 503 192 47 mmmm 78 9 4o 21 9 5 64 33. 89 209 32 mm mm 20 • 392 11 36 1 4 112 2 1 mmmm 7 62 314 20 il+3 32 •»—» mmmm 3 109 50 175 * * mm