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Form FR-284 For immediate release STATEMENT FOR THE PRESS Board of Governors of the Federal Reserve System June 20, 1938 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 15* Decreases of $210,000,000 in loans to brokers and dealers in securities and $46,000,000 in loans to banks, and an increase of $141,000,000 in holdings of United States Government direct obligations. Commercial, industrial and agricultural loans declined $4,000,000. Loans to brokers and dealers declined $192,000,000 in New York City, $13,000,000 in the Chicago district and $210,000,000 at all reporting member banks* Loans to banks declined $46,000,000 in New York City, Holdings of United States Government direct obligations increased $64^000,000 in New York City, $22,000,000 in the Philadelphia district, $17,000,000 in the Richmond district, and $141,000,000 at all reporting member banks. Holdings of obligations fully guaranteed by the United States Government increased $9,000,000 in New York City, $12,000,000 in the Chicago district and $17,000,000 at all reporting member banks. Holdings of "Other securities" increased $8,000,000 in New York City, $5,000,000 in the Chicago district and $28,000,000 at all reporting member banks. Demand deposits-adjusted declined $56,000,000 in New York City and $20,000,000 in the Philadelphia district, and increased $28,000,000 in the New York district outside New York City and $29,000,000 in the San Francisco district, all reporting member banks showing a net increase of $31,000,000 for the week. Government deposits declined $9,000,000 in New York City, $6,000,000 in the Chicago district and $14,000,000 at all reporting member banks. Deposits credited to domestic banks changed relatively little during the week, all reporting member banks showed a net increase of $21,000,000, Borrowings of weekly reporting member banks in New York City declined $22,000,000, Borrowings of all reporting member banks were $1,000,000 on June 15, A summary of the principal assets and liabilities of reporting member banks, together with changes for the week and the year ended June 15, 1938, followst (in millions of dollars) Increase or decrease since June 16, June 8, 1938 1937 ASSETS -1,707 -78 Loans and Investments - total 20,866 -264 -1,380 Loans — total 8,361 Commercial, industrial, and agricultural loans 1 On securities 552 -13 -7 +3 Otherwise secured and unsecured 3j4o6 -355 -121 Open market paper 354 -7 -707 -210 Loans to brokers and dealers in securities 663 -1 -135 Other loans for purchasing or carrying securities 581 -2 -9 Real estate loans 1,157 —46 —46 Loans to banks 121 -29 Other loans* On securities 700 +3 +35 +3 Otherwise secured and unsecured 827 -524 +l4l U, S, Government direct obligations 8,032 +286 +17 Obligations fully guaranteed by U, S, Gov't 1,451 +28 -89 Other securities 3,022 +1,125 +50 Reserve with Feddral Reserve banks 6,405 +86 Cash in vault 385 -19 +672 +58 Balances with domestic banks 2,446 LIABILITIES - 177 +31 15,065 Demand deposits-adjusted —6 Time deposits 5,227 -3 -4i -14 506 U, S. Government deposits +886 +21 Inter—bank deposits I Domestic banks 5,927 -283 Foreign banks 309 -3 -57 -23 1 Borrowings Form FR—284—a STATEMENT FOR THE PRESS Board of Governors of the Federal Reserve System June 16, 1938 For immediate release ASSETS AND LIABILITIES OF WEEKLY REPORTING MEMBER BANKS IN CENTRAL RESERVE CITIES (in millions of dollars) Chicago New York City 19 3 8 19 3 7 19 3 7 19 3 8 June 15 June 8 June 16 June 15 June 8 June 16 ASSETS 1,843 1,988 Loans and Investments - total 7,793 7,947 8,606 1,831 Loans — total 3,009 3,244 4,011 53? 551 655 228 1,286 131 522 226 233 1,278 1,491 163 133 714 1,169 20 330 18 32 20 330 19 46 33 394 29 44 Commercial,industrial and agricultural loans* On securities Otherwise secured & unsecured Open market paper Loans to brokers and dealers Other loans for purchasing or carrying securities Real estate loans Loans to banks Other loans* On securities Otherwise secured & unsecured 197 118 93 200 118 139 278 131 126 67 12 1 66 12 1 81 i4 3 227 207 223 206 254 173 21 36 21 36 34 U. 8. Gov't obligations Obligations fully guaranteed by U. S. Gov't Other securities 3,105 3,041 3,1^1 866 872 943 652 1,027 44o 643 1,019 1,014 122 306 118 302 95 295 Reserve with F, R. bank Cash in vault Balance with domestic banks Other assets - net 3,174 49 73 486 3,091 2,478 48 52 69 80 469 504 924 32 210 49 888 33 213 53 598 28 145 59 6,260 656 119 6,316 6,263 726 657 289 128 1,514 464 106 2,481 271 2,482 1,905 552 273 692 6 683 6 548 7 303 1,485 53 22 405 309 1,487 1,477 19 245 18 246 22 237 LIABILITIES Demand deposits — adjusted Time deposits U* S. Gov*t deposits Inter—bank deposits; Domestic banks Foreign banks Borrowings Other liabilities Capital account 1,503 1,512 451 463 41 111 Form FR-284—b ASSETS AND LIABILITIES OF WEEKLY REPORTING MEMBER BANKS IN 101 LEADING CITIES ON JUNE 15, 1938 (In millions of dollars) Distric Reserve Federal Total San Kansas Dallas St. MinneNew Phila- Cleve- Rich- Atlanta Chicago All Boston York Francisco Cityapolis Louis land mond ASSETS Loans and Investments — total Loans — total Commercial,industrial, and agricultural loans! On securities Otherwise secured and unsecured 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* On securities Otherwise secured and unsecured U. S. Gov't obligations Obligations fully guaranteed by U.S.Gov't Other securities Reserve with F. R. bank Cash in vault Balances with domestic banks Other assets — net LIABILITIES Demand deposits-adjusted Time deposits U. S. Govft deposits Interbank deposits* Domestic banks Foreign banks Borrowings Other liabilities Capital account 477 222 2,118 986 15 • 10 128 130 2 17 4 2 44 294 29 11 12 22 1 l4 20 1 55 375 1 11 52 152 16 40 67 5 125 16 12 26 214 39 115 161 11 291 22 10 33 172 33 50 98 10 223 26 75 102 707 133 292 34O 20 257 220 382 186 23 263 119 2 484 144 18 4O0 131 25 894 1,052 91 263 127 1 346 190 1 260 12 8,639 1,121 426 3,409 1,750 683 610 233 550 281 2,841 84S 642 283 362 154 241 1,388 142 531 46 149 22 17 47 223 11 22 12 90 10 3 11 137 3 7 37 447 34 36 42 125 7 5 9 61 5 3 32 83 4 268 223 93 34 58 2 37 173 2 16 31 1 15 28 4 78 90 5 13 48 7 7 6 700 827 8,032 1,451 3,022 6,405 385 2,446 1,342 55 59 394 26 132 306 124 134 72 257 266 3,342 697 1,191 3,289 64 167 627 48 50 332 90 273 260 16 154 81 123 45 728 85 254 367 38 267 102 28 42 286 29 62 142 17 142 34 26 50 151 39 79 90 10 133 38 45 76 1,350 204 439 1,134 60 429 81 10 26 204 60 95 151 10 124 23 15,065 5,227 506 1,004 262 12 6,854 1,052 127 781 287 20 1,047 735 18 407 199 13 324 183 23 2,225 877 134 5,927 309 1 765 3,644 238 9 2,551 273 1 314 1,614 299 4 344 1 208 194 1 907 7 15 226 19 360 24 94 6 23 372 20,866 8,361 1,151 599 552 3,406 354 663 38 234 72 22 581 1,157 121 — — 22 240 90 — — 7 89 — 605 237 — 8 55 — — 3 95 ' 5 82 319 327
@FedFRASER