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Form FR-284 STATEMENT FOR THE PRESS For immediate r e l e a s e Board of Governors of the Federal Reserve System June 12, 1939 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 f o r the week ended June 7i A decrease of $22,000,000 i n loans t o brokers and dealers i n s e c u r i t i e s , and increases of $11,000,000 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 loans, $62,000,000 i n holdings of Treasury b i l l s and $92,000,000 i n demand d e p o s i t s - a d j u s t e d . 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 $5,000,000 each i n New York City and t h e Chicago d i s t r i c t , and $11,000,000 at a l l r e p o r t i n g member banks. Loans t o brokers and dealers i n s e c u r i t i e s decreased $15,000,000 i n New York City and $22,000,000 at a l l reporting member banks. Holdings of Treasury b i l l s increased $12,000,000 i n New York City, $3-4,000,000 i n the Chicago d i s t r i c t , and $62,000,000 at a l l reporting member banks. Holdings of Treasury notes increased $43,000,000 i n New York City and $27,000,000 at a l l r e porting member banks, and decreased $13,000,000 i n the San Francisco d i s t r i c t . Holdings of United S t a t e s Government bonds decreased $15,000,000 i n the Chicago d i s t r i c t , $9,000,000 i n the Cleveland d i s t r i c t and $8,000,000 at a l l reporting member banks, and increased $17,000,000 i n New York City and $14,000,000 i n the S t . Louis d i s t r i c t . Holdings of obligations guaranteed by the United S t a t e s Government increased $20,000,000 i n the San Francisco d i s t r i c t , $17,000,000 i n the New York d i s t r i c t outside New York City and $37,000,000 at a l l r e p o r t i n g member banks, and decreased $11,000,000 i n New York City. Holdings of "Other s e c u r i t i e s " i n creased $7,000,000. Demand d e p o s i t s - a d j u s t e d increased $83,000,000 i n the S t . Louis d i s t r i c t , $36,000,000 i n the Philadelphia d i s t r i c t and $92,000,000 at a l l reporting member banks, and decreased $24,000,000 i n New York City. Time deposits decreased $6,000,000. Deposits credited t o domestic banks increased $14,000,000 i n the Minneapolis d i s t r i c t , $11,000,000 i n the Atlanta d i s t r i c t and $16,000,000 at a l l reporting member banks, and decreased $28,000,000 i n the S t . Louis d i s t r i c t and $27,000,000 i n New York City* Deposits credited t o foreign banks decreased $12,000,000. Borrowings of weekly reporting member banks amounted t o $1,000,000 on June 7* 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, t o gether with changes f o r the week and t h e year ended June 7, 1939, follows: (in m i l l i o n s of dollar^) Increase or decrease since June 8, May 31, 1938 ASSETS 851 +115 Loans and Investments - t o t a l 21,795 509 - 10 Loans - t o t a l 8,116 129 + 11 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 3,833 + 1 52 Open market paper 309 174 - 22 Loans to brokers and dealers i n s e c u r i t i e s 699 42 + 1 Other loans f o r purchasing or carrying s e c u r i t i e s 540 4 - 1 Real e s t a t e loans 1,155 115 7 Loans t o banks 52 + 7 7 Other loans 1,528 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 Reserve with Federal Reserve banks Cash i n v a u l t Balances with domestic 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 deposits Inter-bank deposits* Domestic banks Foreign banks DigitizedBorrowings for FRASER 395 2,080 + 62) + 27) 427 2,092 3,269 8) + 37 4- 7 8,417 456 2,670 - 32 + 29 - 32 +2,062 17,057 5,229 552 92 6 7 +2,023 1 + 32 6,691 623 1 16 12 2 + 785 + 311 23 5,843 + + + + 658 275 52 282 Form EB-284 STATEMENT FOR THE PRESS Board of Governors of the Federal Reserve System June 8, 1939 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) New York City Increase or decrease since June June 8, May 31, 7, 1938 1939 1939 June 7, 1939 Loans and Investments - t o t a l 8,052 + 52 + 105 2,014 Loans - t o t a l 2,781 - 17 - 463 1,369 124 553 + 5 - 1 - 15 Chicago Increase or decrease since May 31, June 8, 1938 1939 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 t o brokers and dealers Other 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 t o banks Other loans 200 112 38 385 + X - 7 +171 537 - 1 - 14 142 9 161 358 17 33 + 7 - 1 - 7 + - 8 2 6 63 13 101 44 159 221 627 - 11 + 8 + 390 + 119 137 333 -134 + 20 - 5 + 3 +1,751 + 28 3 - 104 879 29 240 49 1,639 485 159 787 2,154 + 12) 1,033 Reserve with F. R, banks Cash i n v a u l t Balances with domestic banks Other a s s e t s - net 4,842 80 77 400 + 43) + 17) - 13 + 2 1 1 9 + 48 59 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 1,138 +33 + 34) + 9) - 4) 5 - + 135 + + 19 31 9 4 27 4 5 - 32 - 1 L I A B I L I T I E S 344 1,492 ST I ! 2,803 545 1 616 6 1 +1,274 — 41 67 + + 321 272 736 12 + + + 22 35 5. 265 1 Borrowings Other l i a b i l i t i e s CAPITAL ACCOUNTS 7,590 I Demand deposits-adjusted Time deposits U. S. C-ov't deposits Inter-bank deposits* Domestic banks Foreign banks 1 2 - 10 + + 136 22 51 + 6 + + 53 + 1 60 lA - 2 6 4 19 Form FR—284»-b ASSETS AND LIABILITIES OF WEEKLY REPORTING MEMBER BAHKS IN 101 LEADING CITIES ON JUNE 7, 1939 Total All districts ASSETS Loans and Investments - t o t a l New Boston York Reserve Federal St. P h i l a - Cleve- RichChicago Louis delphia land mond J Atlanta 366 649 512 2,176 863 309 157 259 252 944 182 3 6 500 31 37 186 3 5 79 3 1 154 18 4 165 1 4 307 16 10 12 30 1 76 79 102 1 113 12 49 4 50 7 7 15 21 49 383 60 10 24 1 48 46 179 14 47 147 61 100 34 114 18 43 77 110 57 140 28 49 83 56 65 165 4o4 911 269 437 6 1 3 8 8 33 101 60 91 42 58 1 108 646 167 310 436 42 286 107 159 19 167 36 114 12 177 49 1,102 499 84 185 12 138 24 93 7 116 18 167 14 276 23 114 11 237 30 337 22 270 245 445 203 28 372 184 40 2,409 917 107 413 190 20 279 118 490 144 24 433 136 34 927 1,070 108 368 211 286 18 5 85 299 342 1,158 8,890 1,114 1,873 677 603 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 paper Loans to 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 e s t a t e loans Loans to banks Other loans 8,116 573 3,134 415 659 241 310 3,833 309 699 259 1,473 62 131 559 25 188 24 25 236 104 10 3 540 1,155 52 1,528 23 81 2 121 260 199 32 53 1 92 170 4 196 26 15 36 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 395 2,080 5,843 2,092 3,269 1 159 839 53 344 2,3£L 49 1,111 138 1,296 39 301 101 258 12 221 597 101 283 Reserve with F.R. bank Cash i n v a u l t Balances with domestic banks Other assets — net 8,417 456 2,670 1,309 385 4,977 l4l 99 178 147 81 509 348 17 179 103 38 San Dallas Francisco 678 21,795 474 District Minne- Kansas apolis City 7 20 73 1 176 3,099 60 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 t Domestic banks Foreign banks Borrowings Other l i a b i l i t i e s CAPITAL ACCOUNTS 17,057 5,229 552 1,079 249 15 8,182 995 79 838 279 53 1,190 744 42 6,691 623 274 28 2,885 5/6 340 13 379 2 261 1 257 1 979 13 315 136 1 1 768 3,726 1 20 246 350 1,616 13 225 17 370 24 96 7 94 17 402 6 93 7 57 2 3 100
@FedFRASER