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Form FR-28U STATEMENT FOR THE PRESS For immediate r e l e a s e Board of Governors of t h e F e d e r a l Reserve System J u l y 8, I9U0 C o n d i t i o n of Vveekly R e p o r t i n g Member Banks i n 101 Leading 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 weekly 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 changes f o r t h e week ended J u l y 3 : An i n c r e a s e of $39*000,000 i n 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 , a d e c r e a s e of $171# 000,000 i n demand d e p o s i t s - a d j u s t e d , and an i n c r e a s e of $ 1 5 2 , 0 0 0 , 0 0 0 i n d e p o s i t s c r e d i t e d t o domestic banks. 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 $ 2 4 , 0 0 0 , 0 0 0 i n New York C i t y , $ 8 , 0 0 0 , 0 0 0 i n t h e Chicago d i s t r i c t , $ 4 , 0 0 0 , 0 0 0 i n t h e Boston d i s t r i c t and $ 3 9 , 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 declined $15,000,000. Holdings of T r e a s u r y b i l l s i n c r e a s e d $ 4 8 , 0 0 0 , 0 0 0 i n t h e Chicago d i s t r i c t , and d e c l i n e d $ 4 5 , 0 0 0 , 0 0 0 i n New York C i t y , # 1 0 , 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 $l4*000,000 a t a l l r e p o r t i n g member banks• Holdings of T r e a s u r y n o t e s i n c r e a s e d $ 9 : 0 0 0 , 0 0 0 , H o l d i n g s of U n i t e d S t a t e s Government bonds i n c r e a s e d $ 2 1 , 0 0 0 , 0 0 0 i n New York C i t y and § 5 , 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 d e c l i n e d $9*000*000 i n t h e C l e v e l a n d d i s t r i c t and 5 6 , 0 0 0 , 0 0 0 i n t h e St# Louis d i s t r i c t . Holdings of M 0thor s e c u r i t i e s 1 1 d e c l i n e d 5 1 9 , 0 0 0 , 0 0 0 , t h e d e c r e a s e being d i s t r i b u t e d among a number of d i s t r i c t s . 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 $ 5 8 , 0 0 0 , 0 0 0 i n New York C i t y , $ 5 3 , 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 , 524, 000,000 i n t h e Chicago d i s t r i c t , and 3171,000,000 a t a l l r e p o r t i n g member b a n k s . Government d e p o s i t s d e c l i n e d $1:4,000,000. 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 $ 4 3 , 0 0 0 , 0 0 0 i n Now York C i t y , $ 2 4 , 0 0 0 , 0 0 0 i n t h e Chicago d i s t r i c t , $ 1 8 , 0 0 0 , 0 0 0 i n t h e P h i l a d e l p h i a d i s t r i c t , $ 1 2 , 0 0 0 , 0 0 0 i n t h e Kansas C i t y d i s t r i c t and 5 1 5 2 , 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 f o r e i g n banks i n c r e a s e d $ 7 , 0 0 0 , 0 0 0 . 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 changes f o r t h e week and t h e y e a r ended J u l y 3t 1940, 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 d e c r e a s e since Juno 26, July 191+0 19U0 A S S E T S Loans and I n v e s t m e n t s - t o t a l 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 U. S. G o v f t Other s e c u r i t i e s Reserve 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 301 380 1+71 1,199 l+o 1,633 5 + 27 + 59 8 - 15 +1,586 + 320 + 566 13 - 270 + 1+ - + 3 + 2 + 8 + 3,517 - lb + 9 + 5 - 3 - 19 + + + + 11,636 1+78 3,277 - 33 - 28 + 5 +3,163 + 37 20,510 -171 + 19 - +3,l+ci +1,655 757 2,063 6,382 2,1+05 5,331 536 8,577 685 + 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 Uo So Government d e p o s i t s Inter-bank deposits: Domestic banks F o r e i g n banks Borrowings 8,1*62 U+38 + & 1—1 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 market 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 23,586 1939 + 7 + + + 71 " i+o , 16 • 81+ 288 62 1+91 255 294 518 102 19 61 STATEMENT FOR THE PRESS Form FR-281* 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 , ^9b0 For immediate r e l e a s e ASSETS AND LIABILITIES 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 I n c r e a s e or decrease since July June 26> J u l y 5, h 1939 19W 19U0 July 3f 191:0 Chicago I n c r e a s e or decrease since June 2bj J u l y 5, 19U0 1939 A S S E T S Loans and I n v e s t m e n t s - t o t a l 9,273 - h + l . 137 2,256 Loans - t o t a l 2,768 + 15 - 3 601 1,712 - 96 262 + 2b 3 + - lU - 307 30 233 1+31 17 2b + 7 - 1 - 3b 8 12 9 U5 + + + 202 192 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 p a p e r 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 loans Loans t o banks Other l o a n s 166 122 33 377 - — + -- 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 U. S. G o v ' t Other s e c u r i t i e s 2,5^42 + 21 1,290 + 1 3 R e s e r v e w i t h F . R. b a n k s Cash i n v a u l t Balance w i t h d o m e s t i c banks Other a s s e t - n e t 6,721 83 82 323 369 1,015 1,289 — + l + 8 2 - — + 1 + 58 12 b + 61 18 bl + 1I+8 + 2 + 57 + 5 2 + 7b -- - 2 - — 1 + 336 303 159 715 b9 1 1 196 21b 134 3bb +1,,8U0 + lb + 6 b7 1,145 I42 25U + 2j,039 55 22 1,907 509 83 81(2 89 963 8 b2 - 11 5 + — 4- + 11 — - - 50 + - - + - - 4 39 - l - - •- 12 —— + 73 - 77 + 88 + 2 9 + 298 + 11 + 23 4 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 TJ. S, G o v ' t d e p o s i t s Inter-bank 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 9,563 683 Uo 3,782 630 ~ 4- + b3 5 + + + mm mm 297 1,1+87 - ' b 7 - + 63 10 13 2^ 16 1 - 1 w. + + 11 1 — 4- + 2U1 + l4 + 23 + 211 - 4 —— 3 2 + - 1 10 Form FR-^OU-b ASSETS AND LIABILITIES OF WEEKLY REPORTING MEMBER BAIX'KS IN 101 LEADING CITIES OB JULY 5 * 19^0 ( i n m i l l i o n s of d o l l a r s ) ~ ' F e d e r a l Reserve D i s t r i c t Total San St. M i n n e - Kansas P h i l a - Cleve- R i c h New A t l a n t a Chicago Louis a p o l i s C i t y D a l l a s F r a n c i s c o Boston York d e l p h i a land mond distric A S S E T S Loans and I n v e s t m e n t s - t o t a l 23,586 1,182 10,131 1,177 1,870 679 616 3,400 687 397 679 520 2,248 8,1462 Loans - t o t a l Commercial> i n d u s t r i a l * and 4,438 a g r i c u l t u r a 1 loans 301 Open m a r k e t paper 380 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 471 or c a r r y i n g s e c u r i t i e s 1,199 Real e s t a t e l o a n s 4o Loans t o banks 1 , 6 3 3 Other l o a n s 6l6 3,112 454 699 271 307 971 321 190 300 268 953 302 65 13 1,825 100 267 215 31 22 267 6 19 121 10 3 149 3 5 601 38 29 179 9 3 96 3 1 177 20 3 175 2 3 331 i4 12 18 80 218 198 33 471 32 50 1 103 24 175 1 207 14 43 70 120 13 54 1 62 7 11 80 11 32 1 106 72 10 29 1 60 13 22 1 52 4i 385 l 169 ,010 275 521 16 38 136 69 107 29 113 22 43 15 68 93 67 136 27 4o 81 47 57 6 65 698 192 334 73 574 74 239 11 182 22 99 7 138 15 194 15 304 24 147 10 295 29 433 24 308 268 972 130 476 191 16 309 116 2 527 146 23 484 137 29 1,093 1,080 94 359 161 1 Ul2 258 1 331 18 5 94 7 60 3 105 4 88 279 386 Treasury b i l l s Treasury notes Ue Se 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. bank 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 IBS L I A B I L I 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. S. G o v ' t d e p o s i t s Inter-bank 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 757 2,063 —— 138 377 1,073 158 128 53 69 386 491 19 218 78 695 43 350 94 212 21 255 39 141 12 2 b2 50 1,055 65 1,002 261 49 1,395 744 43 525 202 31 425 192 41 3,880 439 5 473 1 314 1 297 2 9 303 13 214 15 381 34 99 10 94 17 399 1,358 1,145 11,636 1+78 3,277 i,i47 615 142 182 6,889 101 229 20,510 1,279 235 13 5,331 536 8,577 685 1 710 3,774 381 16 1 20 244 316 166 592 122 290 48 130 68 307 33 320 90 280 2,766 2,405 3,517 113 38 102 62 105 39 343 6,382 - - 631 1,610 —— "
@FedFRASER