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Form FR-284 For immediate r e l e a s e STATEMENT FOR THE PRESS Board of Governors of the Federal Reserve System June 10, 1940 Condition of Weekly Reporting Member Banks i n 101 Leading C i t i e s The condition statement of weekly reporting member banks i n 101 leading c i t i e s shows the following p r i n c i p a l changes for the vjeek ended June 5t Decreases of $41,000,000 i n loans to brokers and dealers i n s e c u r i t i e s and $41,000,000 in holdings of "Other s e c u r i t i e s " , and increases of $105,000,000 i n reserve balances with Federal Reserve banks and $57,000,000 in deposits credited to 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 loans increased $6,000,000 i n the Chicago d i s t r i c t and $1,000,000 at a l l reporting member banks. Loans to brokers and dealers i n s e c u r i t i e s decreased $38,000,000 i n New York City and $41,000,000 a t a l l r e p o r t i n g member banks. Holdings of United S t a t e s Treasury b i l l s increased $78,000,000 i n New York City and $71,000,000 at a l l reporting member banks. Holdings of United States Government bonds increased $10,000,000 i n the S t . Louis d i s t r i c t and $9,000,000 at a l l reporting member banks. Holdings of "Other s e c u r i t i e s " decreased $27,000,000 i n New York City and $41,000,000 at a l l reporting member banks. Demand deposits-adjusted increased $54,000,000 i n the St. Louis d i s t r i c t , $21,000,000 i n the Boston d i s t r i c t and $22,000,000 i n New York City, and decreased $35,000,000 i n the Philadelphia d i s t r i c t , $20,000,000 i n the Chicago d i s t r i c t and $13,000,000 i n the Kansas City d i s t r i c t . The t o t a l increase at a l l reporting member banks was $19,000,000, Deposits credited to domestic banks increased $17,000,000 i n t h e Chicago d i s t r i c t , $12,000,000 each i n the Cleveland and Richmond d i s t r i c t s and $11,000,000 i n the Atlanta d i s t r i c t , a n d decreased $14,000,000 i n Hew York City and $12,000,000 i n the S t . Louis d i s t r i c t . The t o t a l increase at a l l reporting member banks was $57,000,000. Deposits credited to foreign banks decreased $5,000,000 i n New York City. A summary of the 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 reporting member banks, together with changes f o r the week and the year ended June 5, 1940, follows: „ (in millions of d o l l a r s ) Increase or de crease June since May 29, June 7, 5, 1940 1940 1939 ASSETS Loans and Investments - t o t a l + 3 23,527 +1,732 Loans - t o t a l + 319 8,435 40 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 + l + 535 4,368 Open market paper — + 318 4 9 Loans t o brokers and d e a l e r s i n s e c u r i t i e s 41 262 437 Other loans f o r purchasing or carrying s e c u r i t i e s 6 475 65 Real e s t a t e loans + 6 + 1,195 40 Loans to banks — 8 38 14 Other loans + 12 + l,6o4 76 Treasury b i l l s •+ 71 + 303 698 Treasury notes + 2 1,928 152 Us S. bonds + 9 + 694 6,537 Obligations guaranteed by U. S. Gov't + 309 + 2 2,401 Other s e c u r i t i e s + 3,528 41 259 Reserve with Federal Reserve banks +105 +2 ,891 11,308 Cash i n v a u l t + 483 27 5 Balances with domestic banks + 573 42 3,243 L I A B I L I T I E S Demand deposits-adjusted + 19 20,306 +3,249 Tine deposits + 6 + 5,318 89 Ue S. Government deposits + + 584 32 3 Inter-bank d e p o s i t s : Domestic banks + 57 8,488 +1,797 — Foreign banks + 700 7 77 Borrowings - — — 1 - Form FR-284 STATEMENT FOR THE PRESS Board of Governors of the Federal Reserve System June 6, 1940 For immediate r e l e a s e ASSETS AND LIABILITIES OF WEEKLY* REPORTING MEMBER BANKS IN CENTRAL RESERVE CITIES (In millions of dollars) 9ew York City Increase or June decrease since May 29# June 7 , June 5, 1940 Chicago Increase or decrease since May 29, June 7 , 1940 1939 1940 1940 1939 Loans and Investments - t o t a l 9,228 + 9 +1,176 Loans - t o t a l 2,760 - 42 - 21 589 + 3 + 1,656 104 312 - 2 - 1 - 38 + 287 20 241 417 19 25 + + 59 + 2 — 8 ASSETS 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 paper Loans to brokers and d e a l e r s 0their loans f o r purchasing or carrying s e c u r i t i e s Real e s t a t e loans Loans to banks Other loans 159 121 32 376 - — - —» — - 7 + 6 + - 41 9 6 9 2,175 - 5 5 — - 65 17 2 — -m — —» —— 206 + 182 + 406 222 159 713 + 1 - Treasury b i l l s Treasury notes U. S. bonds Obligations guaranteed by U, S. Gov't Other s e c u r i t i e s 365 969 2,560 + 78 1,279 1,295 + 4 - 27 + + 246 157 134 Reserve with F. R. banks Cash i n v a u l t Balance with domestic banks Other a s s e t s - net 6,470 81 86 390 + + 10 6 10 14 +1 ,628 + 1 + 9 — 10 1,174 39 293 48 9,415 672 44 + 22 + 5 +1,825 + 56 17 1,909 504 84 - 10 + 1 3,682 642 - 14 - 5 + + 879 97 954 8 + 15 296 1,504 + 3 + 6 + zs 12 16 254 —— - 4 + 358 - + 46 — + 161 - 52 3 A — — 2 —— —— + 63 - 62 + 86 1 8 3 + 25 + 25 + 295 + 10 + 53 1 — -* - 15 + 1 L I A B I L I T I E S Demand deposits-adjusted Time deposits U, S. Gov't deposits Inter—bank d e p o s i t s : Domestic banks Foreign banks Borrowings Other l i a b i l i t i e s CAPITAL ACCOUNTS —— — -» —— — - — + 270 + 19 + 24 + 218 4 + - 2 11 Form FR-"284,-b ASSETS AI-1D LIABILITIES OF WEEKLY REPORTING MEMBER BANKS IN 101 LEADING CITIES ON JUNE 5, 1940 Total All Boston districts New York Federal Reserve D i s t r j„ct St. P h i l a - Cleve- Rich- Atlanta|Chicago Louis delphia land mond ASSETS 10,084 1,183 Loans and Investments - t o t a l 23,527 1,190 Loans - t o t a l 454 613 3,105 8,435 Commercial, i n d u s t r i a l , and 212 298 1,770 4,368 a g r i c u l t u r a l loans 66 110 318 31 Open market paper 24 15 317 437 Loans t o brokers 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 211 19 475 33 or carrying s e c u r i t i e s 50 81 197 1,195 Real e s t a t e loans 1 1 32 38 Loans t o banks 468 103 l,6o4 133 Other loans 16 698 Treasury b i l l s 367 1,005 Treasury notes 32 1,928 38 2,804 322 U.S. bonds 342 6,537 91 48 O b l i g a t i o n s guaranteed by U. S. Gov't 2,401 1,354 284 1,449 Other s e c u r i t i e s 3,528 133 6,626 489 Reserve with F.R. bank 568 11,308 20 Cash i n v a u l t 100 144 483 Balances with domestic banks 212 218 170 3,243 Other a s s e t s *•- net 82 557 72 1,326 L I A B I L I T I E S 20,306 1,251 10,120 1,006 Denaild d e p o s i t s - a d j u s t e d 1,045 263 5,318 235 Time d e p o s i t s 71 54 14 584 U. S. Gov't d e p o s i t s I n t e r - b a n k deposits * 427 3,776 8,488 Domestic banks 355 5 643 21 700 Foreign banks Borrowings 1 1 14 20 303 Other l i a b i l i t i e s 735 217 1,627 247 CAPITAL ACCOUNTS 3,755 — — San Minne- Kansas Dallas Francisco City apolis 1,892 705 699 271 626 306 3,293 949 718 325 395 187 692 300 523 266 2,232 954 272 7 20 123 10 3 155 4 5 579 39 29 I83 9 4 94 4 1 177 21 4 173 2 4 332 15 11 24 176 1 205 14 43 11 32 75 118 7 11 10 29 45 383 73 99 109 13 53 2 61 11 157 611 122 286 143 164 53 68 2 35 113 65 105 223 289 1,036 266 530 30 32 154 68 109 664 46 342 99 206 22 248 39 151 13 242 51 1,513 71 611 82 1,380 528 427 192 43 470 1 318 18 380 35 97 747 47 202 34 70 59 13 22 1 51 29 113 22 44 17 68 92 69 146 27 41 S3 48 58 5 59 703 195 316 234 12 178 22 102 7 125 16 187 15 289 24 l4l 10 294 30 427 23 314 252 2,785 967 135 450 191 17 292 116 7 517 145 24 471 137 31 1,079 1,078 107 314 1 1,258 8 406 I63 1 412 — —' 266 1 323 19 11 95 20 397 6 94 7 59 4 105 4 88 293 349 — — — — — - - — — 168
@FedFRASER