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STATEMENT FOR THE PRESS For immediate release Board of Governors of the Federal Reserve System June 21,1937 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 changes for the week ended June 161 Increases of $9-4,000,000 in loans, $298,000,000 in holdings of United States Government direct obligations, and $444,000,000 in Government depositsj a decrease of $26-4,000,000 in demand deposits-adjusted; and an increase of $42,000,000 in borrowings. Commercial, industrial., and agricultural loans increased $35,000,000 in the New York district and $4-2,000,000 at all reporting member banks. Loans to banks increased $45,000,000 in the New York district. "Other loans" increased $9,000,000 in the New York district and $16,000,000 at all reporting member banks. Holdings of United States Government direct obligations,following the United States Treasury's June 15 financing, increased in all districts, the aggregate increase being $298,000,000. Holdings of "Other securities" declined $36,000,000 in the New York district and $32,000,000 at all reporting member banks. Demand depo&it s-ad jus ted declined $231,000,000 in the New York district, $42,000,000 in the Boston district and $30,000,000 in the Philadelphia district, and increased somewhat in most of the other districts, all reporting member banks showing a net decrease of $264,000,000 for the week. Government deposits increased in all but two districts, the increase in the New York district being $292,000,000 and the total increase being $444,000,000. Deposits credited to domestic banks showed relatively little -change for tha week. Deposits credited to foreign banks increased $15,000,000 in the Ndw York district. Borrowings of weekly reporting member banks aggregated $58,000,000 on June 16, an increase of $39,000,000 being reported by New York banks and $3,000,000 by other banks. A summary of the principal assets and liabilities of reporting member banks, together with changes for the week and the year ended June 16, 1937, follows I (In millions of dollars' Increase or decrease June 16, since — June 9, June 17, 1937 1936 1937 ASSETS Loans and investments - total -86 +359 22,573 Loans - total +94 9,74l +1,203 Commercial,industrial, and agricultural loansi * On securities 565 +2 * Otherwise secured and unsecured +40 3,759 * Open market paper 474 -7 Loans to brokers and dealers in securities +76 1,371 +2 * Other loans for purchasing or carrying securities 716 -3 Real estate loans 1,166 +16 Loans to banks +44 +61 167 * Other loans I On securities +11 729 * Otherwise secured and unsecured +5 794 U. S. Government direct obligations +298 -893 8,556 Obligations fully guaranteed by S. S. Gov't 1,165 -1 -137 Other securities 3,111 -259 -32 Reserve with Federal Reserve banks -87 +1,343 5,280 Gash in vault 299 -38 -90 Balances with domestic banks 1,774 -427 +23 LIABILITIES Demand deposits—adjusted —264 15,242 +811 Time deposits +212 5,233 U. S. Government deposits +444 547 -305 Inter-bank deposits I Domestic banks 5,c4l +2 -307 Foreign banks 592 +13 +112 Borrowings +46 +42 58 "^Comparable figures not available. (B-804) STATEMENT FDR THE PRESS Board of Governors of the Federal Reserve System June 17, 1937 For immediate release ASSETS AND LIABILITIES OF WEEKLY REPORTING MEMBER BANKS IN CENTRAL RESERVE CITIES (in millions of dollars) Chi cam New York City 19 3 6 19 3 7 19 3 6 19 3 7 June 17 June 16 June 9 June 16 June 9 June 17 ASSETS 1,988 1,958 1,935 655 652 523 33 394 29 44 33 395 29 42 81 14 3 * 133 72 81 14 3 * * 23 34 22 33 * * 3,954 943 916 1,021 44! 1,050 564 1,165 95 295 95 295 94 297 2,498 51 1,791 52 78 495 598 28 145 59 653 29 153 64 64l 35 201 69 1,461 488 102 Loans and investments - total 8,606 8,474 9,075 Loans - total 4,011 3,921 3,392 226 1,491 163 1,169 227 1,456 162 1,168 * 278 131 126 278 131 81 * 254 173 248 170 U. S. Gov't obligations Obligations fully guaranteed by U, 9. Gov't Other securities 3,l4l 3,062 440 l,0l4 Reserve with F. R. bank Cash in vault Balances with domestic banks Other assets - net 2,478 48 69 469 Commercial, industrial, and agricultural loansi 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 loanst On securities Otherwise secured & unsecured 62 481 * * 1,084 L I A B I L I T I E S * * 57 15 6 , Demand deposits - adjusted Time deposits U, S. Gov't deposits Inter-bank depositsi Domestic banks Foreign banks 6,263 726 289 6,501 724 4 6,221 1,512 1,519 451 542 451 196 4l 71 1,905 552 1,896 537 2,242 448 Borrowings Other liabilities Capital account 53 405 1,477 14 413 1,477 10 365 1,467 •* 548 7 551 7 565 4 w 22 237 20 238 31 230 "^Comparable figures not available, (B-804a) ASSETS AND LIABILITIES OF WEEKLY REPORTING MEMBER BANKS IN 101 LEADING CITIES ON JUNE 16, 1937 Total New All Boston York districts ASSETS Loans and investments - total 22,573 Loans - total 9,74-1 Commercial, industrial, and agricultural loans* On securities 565 Otherwise secured & unsecured 3,759 Open market paper 474 Loans to brokers and dealers in securities 1,371 Other loans for purchasing or carrying securities 716 1,166 Real estate loans Loans to banks 167 Other loans* On securities 729 Otherwise secured & unsecured 794 U. S. Gov't obligations 8,556 Obligations fully guaranteed by U.S.Govt. 1,165 Other securities 3,HI Reserve with F. R. bank 5,280 Cash in vault 299 Balances with domestic banks 1,774 Other assets - net 1,306 L I A B I L I T I E S Demand deposits — adjusted 15,242 Time deposits 5,233 U. S. Gov't deposits 547 Inter-bank deposits* Domestic banks 5,04l Foreign banks 592 Borrowings 58 Other liabilities 915 Capital account 3,604 Federal Reserve Districts Phila- Cleve- Rich- Atlanta Chicago St. Minne- Kansas Dallas San Francisco City Louis apolis delphia land mond 1,182 1,901 458 702 643 239 559 271 3,061 44 157 26 27 42 228 16 19 14 89 12 4 359 240 126 39 60 2 38 181 4 63 62 462 23 147 239 39 87 91 287 237 3,388 480 1,194 2,615 64 158 540 47 56 347 94 283 237 16 125 89 123 51 872 59 268 333 38 165 106 971 279 46 6,852 1,128 298 806 1,100 719 281 19* 23 212 9 2 37 236 1,970 554 54 419 1,613 282 4 1,336 704 9,511 4,449 38 263 110 42 239 1,600 181 1,180 37 83 6 B-804b 337 1 976 391 168 693 252 487 214 1,024 12 129 6 7 50 533 50 53 43 121 11 6 10 76 7 2 17 136 19 5 16 115 2 3 40 312 34 23 20 28 2 17 27 5 96 81 7 13 45 8 9 6 1 14 19 1 15 21 1 59 375 4 28 42 296 38 70 133 17 112 43 22 46 179 31 78 105 10 101 4o 46 60 1,478 173 434 808 61 309 91 12 25 205 49 103 143 11 91 23 9 48 167 12 44 78 5 72 16 14 27 260 47 134 163 11 208 23 9 32 194 28 51 113 9 156 27 69 108 708 131 305 312 18 190 217 424 199 13 338 180 14 2,272 861 56 392 183 9 266 121 2 499 146 8 397 122 12 925 1,014 47 191 186 1 1 7 89 748 8 228 112 1 175 249 14 — — — 25 228 21 346 2,168 64l 284 28 93 — 28 357 — 1 9 87 — — 5 55 351 — — — — — — 3 91 — — 6 80 327 329
@FedFRASER