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Form FR-284 Board of Governors of the Federal Reserve System June 19, 1939 STATEMENT FOR THE PRESS For immediate release 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 1-4$ A decrease of $25,000,000 in loans to brokers and dealers in securities, and increases of $28,000,000 in holdings of Treasury bills, $32,000,000 in Treasury notes, $155,000,000 in demand deposits-adjusted, and $62,000,000 in deposits credited to domestic banks. Commercial, industrial and agricultural loans increased $5,000,000 in New York City and declined $2,000,000 at all reporting member banks. Loans to brokers and dealers in securities declined $29,000,000 in New York City and $25,000,000 at all reporting member banks. Holdings of Treasury bills increased $26,000,000 in the Chicago district and $28,000,000 at all reporting member banks. Holdings of Treasury notes increased $29,000,000 in New York City and $32,000,000 at all reporting member banks. Holdings of United States Government bonds increased $12,000,000. Holdings of obligations guaranteed by the United States Government increased $21,000,000 in New York City and $16,000,000 at all reporting member banks. Holdings of "Other securities" increased $14,000,000. Demand deposits—adjusted increased in nearly all districts, the principal inrcreases being $34,000,000 in New York City, $29,000,000 in the San Francisco district, $26,000,000 each in the Chicago and St. Louis districts, $18,000,000 in the Dallas district and $13,000,000 in the Kansas City district. The total net increase at all reporting member banks was $155,000,000. Deposits credited to domestic banks increased $33,000,000 in New York City, $11,000,000 in the Chicago district and $62,000,000 at all reporting member banks, and declined $14,000,000 in the St. Louis district* Deposits credited to foreign banks declined $17,000,000 in New York City, Weekly reporting member banks reported no borrowings on June 14. A summary of the principal assets and liabilities of reporting member banks, together with changes for the week and the year ended June 14, 1939, follows I June 14, 1939 ASSETS Loans and Investments — total Increase or decrease since June 15, June 7, 1938 1939 21,878 + 83 +1,012 Loans - total Commercial, industrial, and agricultural loans Open market paper Loans to brokers and dealers in securities Other loans for purchasing or carrying securities Real estate loans Loans to banks Other loans 8,097 3,831 307 674 540 1,160 54 1,531 - 19 - 2 - 2 - 25 + + + 5 2 3 — 264 - 127 — 47 + 11 41 + 3 67 + 4 Treasury bills Treasury notes U. 8. bonds Obligations guaranteed by U. S. Gov't Other securities 423 2,112 5,855 2,108 3,283 + + + + + 28) 32) 12) 16 14 Reserve with Federal Reserve banks Cash in vault Balances with domestic banks 8,470 448 2,735 + 53 - 8 + 65 +2,065 + 63 + 289 17,212 5,225 552 +155 — 4 +2,147 2 + 46 6,753 605 + 62 - 18 - 1 L I A B I L I T I E S Demand deposits-adjusted Time deposits U.S. Government deposits Inter-bank deposits* Domestic banks Foreign banks Borrowings — — — — + 358 + + 657 261 + + 826 296 1 Form FR-284 STATEMENT FOR THE PRESS Board of Governors of the Federal Reserve System June 15> 1939 For immediate release ASSETS AMD LIABILITIES OF WEEKLY REPORTING MEMBER BANKS III CENTRAL RESERVE CITIES (In millions of dollars) New York City Increase or decrease since June 7, June 15? 1933 1939 June 14, 1939 Chicago Increase or decrease since June 7, June 15. 19:9 ; 1939 ASSETS + 223 3 + + 1 + 5 1 69 13 + 1 + + 49 4- 1 + 26) + 1 + 4 Loans and Investments — total 8,090 + 38 + 297 2,054 Loans - total 2,760 - 21 — 249 537 1,374 123 524 + 5 - 1 - 29 140 8. 2 355 17 34 - 2.01 113 41 384 + 1 + 1 + 3 - 1 4 5 52 50 Commercial, industrial, and agricultural loans Open market paper Loans to brokers and dealers Other loans for purchasing or carrying securities Real estate loans Loans to banks Other loans — — + 4— - 4- 28 1S5 229 628 + 21 + 5 4- 402 116 138 337 + 28 - 17 4-1,696 Treasury bills Treasury notes U. S. bonds Obligations guaranteed by U. S. Gov't Other securities 167 816 2,150 + 8) + 29) - 4) 1,0*54 1,143 Reserve with F. P.. banks Cash in vault Balances with domestic banks Other assets - net 4,870 ' 63 77 396 - 4 4- 4+ 14 4 90 — + 40 — + s) + + + 16 31 " 48 2 18 2 228 - 12 + + 5 1 + 2 2 1 1 176 1) 376 - 3 3 0 + 1 2 L I A B I L I T I E S Demand deposits-adjusted Time'deposits U, S. Gov't deposits Inter-bank deposits x Domestic banks Foreign banks Borrowings Other liabilities CAPITAL ACCOUNTS 34 + 4 - 1 +1,364 — 36 — 59 1,654 485 + 15 + + i4o 21 46 2,836 528 + 33 - 17 + 355 + 257 748 12 + 12 + + 56 340 1,488 - 4 — 4 + + 7,624 620 60 4* 60 6 — 37 3 15 265 4 20 Form FR—284-b ASSETS AM) LIABILITIES OF WEEKLY REPORTING MEMBER BANKS IN 101 LEADING CITIES ON JUNE 14, 1939 District Reserve Federal San Phila- Cleve- Rich- Atlanta Chicago St. Minne- Kansas Dallas Francisco Louis apolis City delphia land mond Total New All Boston York districts ASSETS Loans and Investments - total 1,878 677 661 240 602 237 103 Loans - total Commercial, industrial, and 3,831 agricultural loans 307 Open market paper 674 Loans to brokers and dealers in securities Other loans for purchasing 540 or carrying securities 1,160 Real estate loans 54 Loans to banks 1,531 Other loans 575 8,924 1,117 414 3,H3 260 62 27 1,477 131 530 188 22 81 2 121 261 200 41 473 32 53 1 93 170 4 197 Treasury bills Treasury notes U, S. bonds Obligations guaranteed by U.S. Qovrt Other securities 423 2,112 5,855 2,108 3,283 1 53 342 48 137 167 864 2,350 1,130 1,300 39 12 1 221 175 599 138 Reserve with F. R. bank Cash in vault Balances with domestic banks Other assets — net 8,470 448 2,735 1,312 392 141 143 80 17,212 21,878 8,097 1,156 24 23 7 10 26 15 36 20 3 73 367 158 649 260 512 2,176 253 943 184 3 79 3 1 154 17 4 166 306 80 102 1 114 12 50 3 50 7 7 15 21 48 384 61 10 25 1 49 46 179 191 412 913 269 492 8 48 152 63 100 34 115 18 42 5 77 109 59 139 28 49 82 42 58 2 105 650 I63 313 679 308 3,141 864 179 3 7 498 31 38 12 31 1 75 8 308 6 1 4 102 260 101 67 35 103 57 91 5,005 81 184 513 338 436 159 44 20 289 168 106 36 115 13 180 49 1,103 62 490 86 193 12 141 24 91 8 120 18 169 15 290 23 121 11 251 29 348 23 293 246 1,072 251 8,222 998 829 280 53 1,193 450 379 185 40 2,435 917 107 439 190 20 283 118 2 503 144 24 451 137 33 956 1,062 109 6,753 605 281 2,921 387 259 252 1 990 13 301 136 1 372 213 530 349 13 — — 292 20 777 3,719 22 245 346 1,612 13 224 18 370 8 94 19 401 6 93 302 18 186 102 284 56 L I A B I L I T I E S Demand deposits—adjusted Time deposits TJ. S, Gov't deposits Inter—bank deposits: Domestic banks Foreign banks Borrowings Other liabilities CAPITAL ACCOUNTS 15 11 5,225 552 16 25 78 741 202 42 28 2 — 25 96 7 57 3 100 5 85 305 342
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