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Form FR-281+
STATEMENT FOR THE PRESS
For immediate release
Board of Governors
of the Federal Reserve System
June 27* 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 22s Decreases of
$1)2,000,000 in commercial,industrial and agricultural loans, $23#000,000 in loans
to brokers and dealers in securities, $250,000,000 in holdings of United States
Government direct obligations, $129,000,000 in demand deposits-adjusted, and
$137,000,000 in deposits credited to domestic banks.
Commercial, industrial, and agricultural loans declined $13,000,000 in New
York City, $1^,000,000 in the Chicago district and $1*2,000,000 at all reporting
member banks. Loans to brokers and dealers in securities declined $7*000,000 each
in New York City and in the Chicago district and $23,000,000 at all reporting
member banks. Loans to banks declined $9*000,000 in Now York City.
Holdings of United States Government direct obligations declined $19^,000,000
in Now York City, $18,000,000 in the St. Louis district and $250*000,000 at all
reporting member banks. Holdings of obligations fully guaranteed by the United
States Government increased §11,000,000 in Now York City, y8,000,000 in the Chicago
district and $30,000,000 at all reporting member banks. Holdings of "Other securities" increased §8,000,000.
Demand deposits-adjusted declined 073*000,000 in New York City, 4-29*000,000 in
the San Francisco district, $17,000,000 in the Cleveland district, and $12,000,000
in the Chicago district, and increased $20,000,000 in the St. Louis district, all
reporting member banks showing a not decline of ("129,000,000 for the week. Time
deposits increased $15*000,000. Government deposits declined $23,000,000.
Deposits credited to domestic banks declined $87,000,000 in New York City and
$137*000,000 at all reporting member banks.
Borrowings of weekly reporting member banks amounted to $1,000,000 on June 22.
A summary of the principal assets and liabilities of reporting member banks,
together with changes for the week and the year ended June 22, 1938, follows:
(in millions of dollars)
Increase of decrease
Juno
since
June 15,
Loans and Investments - total
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
Loane to banks
Other loans*
U. S. Government direct obligations
Obligations fully guaranteed by U. S. Gov't
Other securities
Reserve with Federal Reserve banks
Cash in vault
Balances with domestic banks
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
20,572
8,279
3*916
31+8
61+0
580
1*159
113
1*523
7*782
1,1481
3,030
6,1+1+8
397
2,1+09
-291+
- 82
- 1+2
- 6
- 23
- 1
+ 2
- 8
- 1+
-250
+ 30
+ 8
+ Ltf
+ 12
- 37
14*936
5,21+2
1+83
5*790
315
-129
+ 15
- 23
-137
+ 6
l
—
June 2J,
1937
-1 9 8 J 4 . 2
-1*1+87
392
117
801+
136
12
29
+
3
+
-
+
-
+
-
-
*Including both loans "on securities" and "otherwise secured and unsecured".
592
321
81+
+1*113
+
89
+ 675
353
9
66
883
297
37
Form FR-284-a
STATEMENT FOR THE PRESS
Board of Governors
of the Federal Reserve System
June 23, 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
1937
19 3 8
19 3 7
June 22 June 15 June 23 June 22 June 15 June 25
ASSETS
1,831 1,979
Loans and Investments — total
7,584
7,793
8,513
1,810
Loans — total
2,974
3,009
4,032
521
537
668
1,501
130
515
1,514
131
522
1,712
164
1,217
339
18
26
350
18
32
428
28
58
197
278
134
100
427
67
12
1
58
67
12
1
57
80
14
y
428
197
118
93
434
U, S. Gov't obligations
Obligations fully guaranteed by
U. S. Gov't
Other securities
2,911
3,105
3,023
864
866
922
663
1,036
652
1,027
438
1,020
122
303
122
306
95
294
Reserve with F. R. bank
Cash in vault
Balance mth domestic banks
Other assets - net
3,219
50
71
490
2,509
49
64
471
924
33
215
48
924
32
210
49
586
28
141
59
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*
3
* ^
57
LIABILITIES
Demand deposits - adjusted
Time'deposits
U. S. Gov't deposits
Interbank deposits i
Domestic banks
Foreign banks
Borrowings
Other liabilities
Capital account
1,514 1,499
464 453
106
4l
6,187
659
110
6,260 6,252
722
656
289
119
2,394
277
2,481 1,863
570
271
687
6
692
6
534
7
303
1,484
31
4o4
303
1,485 1,475
20
245
19
245
22
237
X,
464
96
^Including both loans non securities" and "otherwise secured aoA-tinsecuredJV, s
ASSETS AND LIABILITIES OF WEEKLY REPORTING MEMBER BANKS IN 101 LEADING CITIES ON JUNE 22, 1938
(In millions of dollars)
District
Reserve
Federal
Total
San
Phila- Cleve- Rich- Atlanta Chicago St. Minne- i Kans s.sDallas Francisco
All
Boston New delphia land
i
City
apolis
mond
York
districts
CO
%
Form FR"-284—b
ASS E
20,572
Loans and Investments — total
8,279
Loans — total
Commercial, industrial, and
3,916
agricultural loans*
3 48
Open market paper
64o
Loans to brokers and dealers in securities
Other loans for purchasing or
580
carrying securities
1,159
Real estate loans
113
Loans to banks
1,523
Other loans*
7,782
U. S. Gov't obligations
Obligations fully guaranteed by U.S.Gov't 1,481
3,030
Other securities
6,448
Reserve with F. R» bank
397
Cash in vault
2,409
Balances with domestic banks
1,345
Other assets — net
L IABILITIES
Demand deposits—adjusted
14,936
Time deposits
5,242
U. S. Gov*t deposits
483
Inter-bank deposits*
5,790
Domestic banks
315
Foreign banks
1
Borrowings
756
Other liabilities
3,648
Capital account
119
422
1,744
679
605
230
544
280
2,817
828
619
277
360
154
600
236
271 1,614
141
69
20
523
193
21
16
267
11
21
100
10
2
148
3
6
470
33
29
163
7
5
71
4
2
142
17
4
140
337
30
10
267
224
85
517
3,132
713
1,197
3,341
67
160
37
173
2
168
725
85
255
356
12
48
7
35
186
61
95
190
10
126
23
64
149
16
4l
72
6
120
16
12
22
1
38
207
42
115
151
12
294
23
l4
171
33
50
97
38
78
91
5
122
1,341
212
436
1,126
63
432
79
7
6
267
101
17
31
1
69
284
29
62
138
18
137
34
15
28
4
76
146
39
79
91
11
132
637
34
58
2
98
333
90
274
255
17
159
82
217
25
55
375
2
177
710
134
293
333
20
227
214
1,010 6,776
261 1,053
12
118
775
291
20
1,030
740
18
405
199
13
321
185
23
2,213
878
124
402
186
19
266
119
2
478
145
18
395
131
25
865
1,054
91
231 2,463
279
9
1
22
315
240 1,613
299
5
337
1
200
190
1
899
7
265
123
1
341
187
255
12
17
225
20
360
6
90
23
373
7
56
3
95
83
5
310
330
32
%
115
398
27
133
298
124
138
73
38
—
—
21
94
•^Including both loans non securities" and "otherwise secured and unsecured".
—
7
89
2,123
986
2
2
20
44
11
@FedFRASER