The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
STATEMENT FOR THE PRESS Form FR-284 For immediate r e l e a s e Board of Governors of t h e F e d e r a l Reserve System June 24, 1940 C o n d i t i o n of Weekly R e p o r t i n g Member Banks i n 101 Leading C i t i e s The c o n d i t i o n s t a t e m e n t of weekly r e p o r t i n g member banks i n 101 l e a d i n g c i t i e s shows t h e f o l l o w i n g p r i n c i p a l changes f o r t h e week ended June 19$ A dec r e a s e of $148,000,000 i n h o l d i n g s of United S t a t e s Government b o n d s , i n c r e a s e s of $125,000,000 i n h o l d i n g s of United S t a t e s T r e a s u r y n o t e s , $166,000,000 i n r e s e r v e b a l a n c e s of F e d e r a l Reserve banks and $85,000,000 i n d e p o s i t s c r e d i t e d t o domestic b a n k s , and a d e c r e a s e of $120,000,000 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 l o a n s i n c r e a s e d $12,000,000 i n t h e Chicago d i s t r i c t and $10,000,000 a t a l l r e p o r t i n g member b a n k s . Loans to b r o k e r s and d e a l e r s i n s e c u r i t i e s d e c r e a s e d $18,000,000 i n New York C i t y and $31,000,000 a t a l l r e p o r t i n g member banks. Holdings of United S t a t e s T r e a s u r y b i l l s i n c r e a s e d $24,000,000 i n t h e Chicago d i s t r i c t , $11,000,000 i n New York C i t y , and $35,000,000 a t a l l r e p o r t i n g member bonks. Holdings of T r e a s u r y n o t e s i n c r e a s e d $35,000,000 i n t h e Richmond d i s t r i c t , $29,000,000 i n New York C i t y , $28,000,000 i n t h e Chicago d i s t r i c t , and $125,000,000 a t a l l r e p o r t i n g member b a n k s . Holdings of U n i t e d S t a t e s Government bonds d e c r e a s e d $40,000,000 i n New York C i t y , $32,000,000 i n t h e Richmond d i s t r i c t , $25,000,000 i n t h e Chicago d i s t r i c t , and $148,000,000 a t a l l r e p o r t i n g member b a n k s . Holdings of "Other s e c u r i t i e s " d e c r e a s e d $53,000,000 i n New York C i t y and $52,000,000 a t a l l r e p o r t i n g member b a n k s . Demand d e p o s i t s - a d j u s t e d d e c r e a s e d $80,000,000 i n t h e New York d i s t r i c t o u t s i d e of New York C i t y , $30,000,000 i n t h e Chicago d i s t r i c t , $9,000,000 each i n t h e Richmond and D a l l a s d i s t r i c t s and $120,000,000 a t a l l r e p o r t i n g member b a n k s , and i n c r e a s e d $23,000,000 i n New York C i t y , Time d e p o s i t s d e c r e a s e d $ 5 , 0 0 0 , 0 0 0 . D e p o s i t s c r e d i t e d t o d o m e s t i c banks i n c r e a s e d $98,000,000 i n New Yonc City and $85,000,000 a t a l l r e p o r t i n g member banks, A summary of t h e 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 r e p o r t i n g member banks, t o g e t h e r w i t h changes f o r t h e week and t h e y e a r ended June 19, 1940, f o l l o w s : ( i n m i l l i o n s of d o l l a r s ) I n c r e a s e or d ecreas e since June 21, June 1 2 , 1939 A S S E T S +1,673 - 65 23,596 Loans and I n v e s t m e n t s - t o t a l + 372 - 25 8,444 Loans - t o t a l + 564 + 10 4,387 Commercial, i n d u s t r i a l , and a g r i c u l t u r a l l o a n s + 11 8 309 Open market p a p e r — 248 - 31 413 Loans t o b r o k e r s and d e a l e r s i n s e c u r i t i e s 72 2 470 Other l o a n s f o r p u r c h a s i n g or c a r r y i n g s e c u r i t i e s + 40 + 1 1,199 Real e s t a t e loans + 6 4 48 Loans t o banks + 81 - 1 1,618 Other l o a n s Treasury b i l l s Treasury notes U, bonds 0 b l i a rfcions „g u a r a n t e e d by U. S. Gov't Other s e c u r i t i e s Reserve w i t h F e d e r a l Reserve banks Cash i n v a u l t B a l a n c e s w i t h d o m e s t i c banks 785 2,058 6,383 2,400 3,526 + 35 +125 -148 11,595 499 3,279 +166 20,495 5,306 582 -120 + + + + - 8 + 24 345 63 540 27 3 206 +3,120 + + 68 532 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 Tine d e p o s i t s U. S. Government d e p o s i t s Inter—banlc d e p o s i t s * Domestic b a n k s F o r e i g n banks Borrowings 8,534 687 - 5 + 85 — — +3,257 + 68 + 28 +1,814 + 88 Form FR—284 STATEMENT FOR THE PRESS Board of Governors of t h e F e d e r a l Reserve System June 2 0 , 1940 For immediate r e l e a s e ASSETS AND LIABILITIES OF WEEKLY REPORTING MEMBER BANKS IN CENTRAL RESERVE CITIES ( i n m i l l i o n s of d o l l a r s ) New York City Increase or decrease since June June 1 2 , June 21, 19, 1940 1940 1939 Chicago Increase or decrease since June 12, June 21, 1939 1940 June 19, 1940 A S S E T S + 23 + 179 597 + 4- 71 300 21 223 425 18 24 + 12 — — — 4 + 77 2 6 + + — 41 9 2 10 63 18 - 1 + 1 ~ — 49 4- + + + 236 181 362 272 160 714 + 22 + 2 - 1 214 97 134 346 - 1,159 40 257 41 — 43 1,897 504 84 - 15 959 7 - 10 Loans and I n v e s t m e n t s - t o t a l 9,241 — 66 +1,106 Loans - t o t a l 2,764 - 13 + 16 1,672 99 294 + 4 - 4 - 18 + Commercial, i n d u s t r i a l , and agricultural loans Open market p a p e r Loans t o b r o k e r s and d e a l e r s Other l o a n s f o r p u r c h a s i n g or carrying s e c u r i t i e s Real estate loans Loans t o banks Other l o a n s 160 122 41 376 + 1 — + - ~ 6 2 — — — Treasury b i l l s Treasury n o t e s U, S. bonds Obligations guaranteed by U. S. Gov*t Other s e c u r i t i e s 409 1,000 2,519 + 11 + 29 - 40 1,279 1,270 —* *•* - 53 + + Reserve w i t h F. R. banks Cash i n v a u l t Balance w i t h domestic banks Other a s s e t — n e t 6,745 SO 81 326 +200 - 3 + 1 - 17 +1,859 + 22 + 7 — 50 9,541 668 43 + 23 - +1,901 + 45 — 17 3,787 633 + 98 — 2 2,223 9 1 — — 9 — + - — 1 7 4-* 6 5 - 4— — — 1 4- 87 — 75 4- 87 — 44- + + 4 13 260 12 28 5 ~ 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 d e p o s i t s U. S . GovH d e p o s i t s Inter-bank depositsi Domestic banks F o r e i g n banks Borrowings Other l i a b i l i t i e s CAPITAL ACCOUNTS — 300 1,501 2 — — + + 937 112 : — — *"* + 243 + 12 + 24 + 211 5 " — + — 3 1 — + 45 11 — 15 254 - — — 1 — 11 Form FE—284~b ASSETS AMD LIABILITIES OF TflEEKLY REPORTING MEMBER BANKS IN 101 LEADING CITIES ON JUNE 19, 1940 ( i n m i l l i o n s of d o l l a r s ) F e d e r a l Reserve D i s t r i c t Total S t . Minne- ~| Kansas Dallas P h i l a - Cleve- R i c h - A t l a n t a Chicago Hew All Boston Louis p o l l s j C i t y mond delphia land York districts A S S E T S 684 521 708 399 616 3,351 705 1,887 1 , 1 8 9 10,106 1 , 1 8 0 Loans and I n v e s t m e n t s - t o t a l 23,596 265 298 191 960 321 307 272 701 452 613 3,110 Loans - t o t a l 8,444 C o n n e r c i a l , i n d u s t r i a l , and 174 175 97 179 591 152 270 123 215 a g r i c u l t u r a l loans 4,387 297 1,786 2 21 9 38 3 10 6 4 104 67 30 Open market p a p e r 309 1 28 3 3 3 5 19 22 Loans t o b r o k e r s and d e a l e r s i n s e c u r i t i e s 413 3 299 15 Other l o a n s f o r p u r c h a s i n g 10 13 7 13 11 73 14 24 212 18 32 or carrying s e c u r i t i e s 470 22 29 11 54 119 32 175 43 50 80 199 Real e s t a t e loans 1,199 1 1 — — 1 l 1 1 41 1 Loans t o banks 48 50 72 59 62 111 102 206 79 102 469 Other l o a n s 1,618 135 28 14 20 277 — 2 11 16 411 Treasury b i l l s 785 41 69 29 38 316 178 37 159 38 1 , 0 5 4 33 Treasury notes 2,058 81 91 113 1,010 152 102 601 132 320 341 2,743 U. S. bonds 6,383 48 67 22 69 267 62 122 53 91 48 1,356 O b l i g a t i o n s g u a r a n t e e d by U» S . G o v ' t 2,400 58 145 44 108 521 106 70 293 284 133 1 , 4 3 2 Other s e c u r i t i e s 3,526 i4o 191 96 219 1,499 136 667 193 494 582 6 , 9 2 9 Reserve w i t h F. R. bank 11,595 11 16 7 12 72 25 22 46 20 99 145 Cash i n v a u l t 499 305 311 133 183 572 244 245 348 221 220 180 Balances w i t h domestic banks 3,279 29 16 24 2 1 51 73 38 94 79 405 70 Other a s s e t s — n e t 1,160 L I A B I L I T I E S Denand d e p o s i t s — a d j u s t e d Tine d e p o s i t s U. S. G o v t t d e p o s i t s Inter-bank deposits* Domestic banks F o r e i g n banks Borrowings Other l i a b i l i t i e s CAPITAL ACCOUNTS 20,495 5,306 582 1,258 10,202 235 1 , 0 4 1 71 14 1,017 261 54 1,383 745 47 522 202 429 192 44 2,786 966 135 483 191 17 300 298 2 1,255 8 352 161 1 12 95 20 397 6 94 34 8,534 687 375 17 3,880 634 428 4 468 1 310 742 3,783 22 245 307 1,624 15 215 18 380 35 100 116 6 59 San 2,250 954 328 15 12 43 385 — — 171 6 66 697 195 332 449 24 317 260 531 146 24 483 136 31 1,101 1,075 105 4l6 262 1 329 19 4 89 292 379 — ~ 3 106
@FedFRASER