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Forn F. R. 284 STATEMENT FOR THE PRESS For immediate r e l e a s e Board of Governors of the Federal Reserve System June 2, 1941 Condition of Weekly Reporting Henber Banks i n 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 May 28i Increases of $34-000,000 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, $116,000,000 i n loans to brokers and dealers i n s e c u r i t i e s , $60,000,000 i n reserve balances with Federal Reserve Banks, $46,000,000 i n demand d e p o s i t s - a d j u s t e d , and $51,000,000 i n deposits c r e d i t e d t o domestic banks# Connercial ? 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 $17,000,000 i n New York City and $34,000,000 at a l l reporting member banks. Loans to brokers and dealers i n s e c u r i t i e s increased $95,000,000 i n Hew York City, $10,000,000 i n the Chicago d i s t r i c t , and $116,000,000 at a l l reporting member -banks. Holdings of Treasury b i l l s decreased $49,000,000 i n the Chicago d i s t r i c t , $10,000,000 i n the S t . Louis d i s t r i c t , and $46,000,000 a t a l l reporting member banks and increased $17,000,000 i n New York City. Holdings of United S t a t e s Government bonds increased $41,000,000 i n New York City and $53,000,000 a t a l l reporting nenber banks. Holdings of "Other s e c u r i t i e s " decreased $60,000,000 i n New York City and $68,000,000 a t a l l reporting member banks. Denand deposits-adjusted increased $110,000,000 i n New York City and $68,000,000 i n the Chicago d i s t r i c t , and decreased $89,000,000 i n the New York d i s t r i c t outside New York City and $59,000,000 i n the St. Louis d i s t r i c t . All r e p o r t ing member banks showed a net increase of $46,000,000# Deposits credited t o domestic banks increased $64,000,000 i n New York City. $43,000,000 i% t h e S t . Louis d i s t r i c t and $51,000,000 at a l l reporting member banks, and decreased somewhat i n most of the other d i s t r i c t s . A sunnary 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 t h e ye or ended May 28, 1941, followsl Increase or decrease since May 29, May 21, 1940 1941 May 28 1941 ASSETS Loans and Investments - t o t a l 27,915 10,226 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 5,673 Open market paper 367 Loans to brokers and d e a l e r s i n s e c u r i t i e s 571 Other loans f o r purchasing or carrying s e c u r i t i e s 451 Real e s t a t e loans 1,239 Loans to banks 42 Other .loans 1,883 Treasury b i l l s 929 Treasury notes 2,212 U. S. bonds 7,833 Obligations guaranteed by U. S. Gov't 3,022 Other s e c u r i t i e s 3,693 +117 +180 + 34 + 7 +116 + 4 + 2 + 2 + 15 — 46 - 5 + 53 + 3 - 68 +4,391 +1,751 +1,306 + 45 + 93 Reserve vzLth 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 deposits—adjusted Time deposits U. S. Government deposits Interbank d e p o s i t s : Domestic banks Foreign banks Borrowings 11,493 563 3,532 + 60 + 28 + 2 + 290 + 75 + 247 24,311 5,425 414 + 46 - 1 - 7 +4,024 + 113 - 167 9,220 + 51 + 5 + 2 + 789 44 + 2 663 3 - 30 + 50 — 4 + 291 + 302 + 286 +1,305 + 623 + 124 Form 7, P., 284-a STATEMENT FOR THE PRESS Board of Governors of the Federal Reserve System May 29- 1941 For immediate r e l e a s e CONDITION OF WEEKLY REPORTING ME £ER BANKS IN CENTRAL RESERVE CITIES (in millions of d o l l a r s ) New York City Increase or May decrease since 28 I.lay 21, May 29, 1941 1941 1940 Chicago Increase or decrease sdnce May 21, May 29 p 1940 1941 May 28 1941 ASSETS Loans and Investments-total 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 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 to banks Other loans 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 F. R.Bank Cash i n v a u l t Balances vdth domestic banks Other a s s e t s - net 11,759 +124 +2,540 2,577 3,442 +121 + 640 809 2,166 92 427 + + + 17 3 95 + 508 13 77 582 25 40 - + - 38 + 397 + 14 + 223 + 2 + 10 + + 170 6 13 + 1 + y 163 4 7 7 78 55 21 86 + + + + 216 486 - 683 265 125 843 + + 462 53 129 406 — 418 10 20 52 1,169 43 314 45 + + +1,898 + 57 25 2,245 499 85 + 201 46 1,027 8 + 114 32 448 + + 5 + 503 + + + 17 1 41 1,737 1,375 + 4 60 6,042 97 + + + 1,455 3,247 116 324 1 — - - 41 12 11 4 + + + - 10 4 — + — — 1 + 4o 49 + 44 34 130 -- 5 — 8 + - 6 + 40 23 1 31 + 1 + + + 20 4 38 1 10 + + 4 1 8 + 8C 2 1 + 1 15 6 2 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, Gov't deposits Interbank deposits1 Domestic banks Foreign banks Borrowings Other l i a b i l i t i e s CAPITAL ACCOUNTS 11,291 724 19 3,897 601 +110 + + 64 5 + 9 4 + - — — ,291 1,515 - + 2 17 15 269 326 — + Form F. R* 284-b ASSETS AND LIABILITIES OF REPORTING MEL1BEE BATIKS IN 101 LEADING CITIES ON MAY 28, 1941 (in m i l l i o n s of d o l l a r s ) D ~ _3 t_ r 5. c t R e s c r V G F e d e r a 1 Total T>i _n:c> Kansas San New P h i l a - Cleve- RichAll Dallas ui'ieago j Boston 1 Atlanta; (joui 3 City Francisco i p o l l s delphia land mond l districts York ! ASSETS Loans and Investments - 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 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 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 F. R. Banks Gash i n vault Balances with domestic banks Other a s s e t s - net L I A B I L I T I E S Demand deposits-adjusted Time deposits T J. S. Gov't deposits Interbank 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 27,915 1,355 10,226 733 12,706 1,293 525 3,339 2,125 851 719 310 711 377 3,920 1,250 859 395 422 208 760 356 603 318 2,442 1,056 806 222 18 5 101 3 1 210 24 4 213 3 3 417 15 10 13 6 14 10 32 12 24 76 63 40 384 1 189 20 33 34 115 42 5,673 367 571 384 82 18 2,307 108 434 276 39 24 393 12 17 149 12 3 195 5 7 451 1,239 42 1,833 16 4 148 31 50 14 48 105 20 182 1 226 84 11 36 2 121 929 2,212 7,833 3,022 3,693 33 39 343 71 136 210 195 32 553 503 1,498 3,509 1 50 226 5 45 106 1,521 25 387 84 272 9 153 692 153 267 11,493 609 149 191 68 6,241 120 252 403 590 24 211 83 563 3,532 1,186 81 24,311 1,431 5,425 230 414 13 9,220 663 398 22 3 789 3,864 1 27 250 — —— 46 45 68 133 — 160 266 220 1,249 60 2 75 58 37 I83 70 1,335 1,104 68 484 176 1 451 284 1 362 — — 12,061 1,224 261 1,092 40 13 1,743 747 39 634 514 461 6 523 1 ——- 298 1,640 —— 17 219 —— 361 2 1,366 9 —— —— — 24 391 42 102 365 15 97 — 21 421 517 29 326 279 561 216 15 3,989 602 149 14 310 31 136 29 1,579 86 657 79 38 61 591 144 10 172 17 267 52 3,382 1,005 117 106 1 52 798 187 348 340 112 2 301 29 292 40 192 40 495 193 16 800 53 399 91 209 29 19 119 35 41 23 116 63 —— 114 8 140 17 607 1,836 83 99 139 205 19 304 20 69 62 116 "20 — — I83 —— 2 9 97 — . 8 62 4 108 5 91 19 319 386
@FedFRASER