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STATEMENT FOR THE PRESS Board of Governors of the Federal Reserve System June 28, 1937. For immediate release Condition of Weekly Reporting Member Banks in 101 Leading Gities The condition statement of weekly reporting member banks in 101 leading cities shows the following principal changes for the week ended June 231 An increase of $74,000,000 in loans to brokers and dealers in securities? a decrease of $182,000,000 in holdings of United States Government obligations; an increase of $47,000,000 in demand deposits-adjusted; a decrease of $134,000,000 in deposits credited to domestic banks; and a decrease of $20,000,000 in borrowings. Commercial, industrial, and agricultural loans declined $6,000,000 each in the New York and San Francisco districts and $18,000,000 at all reporting member banks. Open market loans declined $10,000,000. Loans to brokers and dealers in securities increased $48,000,000 in the New York district, $13,000,000 in the Chicago district, $9,000,000 in the Philadelphia district and $74,000,000 at all reporting member banks. Real estate loans increased $'5,000,000. Loans to banks declined $26,000*000 in the New York district. Holdings of United States Government direct obligations declined $133,000,000 in the New York district, $23,000,000 in the Chicago district, $12,000,000 in the Cleveland district and $182,000,000 at all reporting member banks. Holdings of obligations fully guaranteed by the United States Government •declined $5,000,000. Holdings of "Other securities" increased $3,000,000. Demand deposits—adjusted increased $64,000,000 in the Philadelphia district, $27,000,000 in the New York district and $16,000,000 in the St. Louis district, and declined $28,000,000 in the Chicago district and $14,000,000 each in the Cleveland.and San Francisco districts, all reporting member banks showing a net increase of $47,000,000 for the week. Deposits credited to domestic banks declined in most of the districts, the principal decreases being $43,000,000 in the New York district and $18,000,000 each in the Philadelphia and Chicago districts, and the total decrease being $134,000,000. Deposits credited to foreign banks increased $18,000,000 in the New York district. Borrowings of weekly reporting member banks amounted to $38,000,000 on June 23, a decrease of $22,000,000 being reported by New York banks. A summary of the principal assets and liabilities of reporting member banks, (in millions of dollars] ASSETS Loans and investments - total Loans - total Commercial,industrial, and agricultural loans I 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 I On securities Otherwise secured and unsecured 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 LIABILITIES Demand deposits—adjusted Time .deposits U. S. Government deposits Inter-bank deposits I Domestic banks Foreign banks Borrowings •^Comparable figures not available. **June 16 figures, revised. June 23, 1937 22,414 9,766 566 3,742 465 1,444 716 1,171 142 729 791 8,374 1,160 3,114 5,335 308 1,734 15,289 5,233 549 4,907 612 38 Increase or decrease since — June 16, June 24, 1937 1936 -159 +25 +1 -19** -10** +74** +5 -25 _]#* -182 -5 +3 +55 +9 -4o +47 +2 -134 +20 -20 -106 +1,370 * * * +211 * +22 +77 * * -1,100 -142 —234 +1,053 -95 -501 +726 +174 -297 —540 +155 +38 (B-804) STATEMENT FDR THE PRESS Board of Governors of the Federal Reserve System June 24, 1937 For immediate release ASSETS AND LIABILITIES OF WEEKLY REPORTING MEMBER BANKS IN CENTRAL RESERVE CITIES (In millions of dollars) K CD Chicago New York Ciity 19 3 6 1 9 3 6 19 3 7 19 3 7 June 24 June 23|June 16 June 24 June 23 ASSETS Loans and investments - total 8,513 8,606 8,998 1,979 1,988 1,929 Loans - total 4,032 4,011 3,294 668 655 522 22.8 1,484 164 1,217 226 1,491 163 1,169 * * * 34 394 28 58 33 394 29 44 # * * 278 134 100 278 131 126 * 80 14 3 81 14 3 * 255 172 254 173 * * 22 35 23 34 * * U. S. Gov't obligations Obligations fully guaranteed by U. S. Gov't Other securities 3,023 3,1-41 4,007 922 943 1,014 438 1,020 440 1,014 559 1,138 95 294 95 295 93 300 Reserve vuitli F. R. bank Cash in vault Balances m t h domestic banks Other assets - net 2,509 49 64 471 2,478 48 69 469 1,906 55 76 476 536 28 l4l 59 598 28 145 59 677 37 206 73 Demand deposits - adjusted Time deposits U. ti. Gov't deposits Inter-bank depositst Donisr.tic banks Foreign banks 6,252 722 289 6,263 726 289 6,251 547 192 1,499 453 4l 1,512 451 4l 1,473 491 101 1,863 570 1,905 552 2,263 423 534 7 548 7 587 5 Borrowings Other liabilities Capital account 31 4)4 1,475 53 405 1,477 367 1,468 Commercial, industrial, and agricultural loans I 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 I On securities Otherwise secured & unsecured 1,030 133 31 55 15 6 L I A B I L I T I E S » 1 • "" 22 237 — — 22 237 35 230 "^Comparable figures not available, (B—8o4a) ASSETS AND LIABILITIES OF WEEKLY REPORTING MHABER BANKS IN 101 LEADING CITIES ON JUNE 23, 1937 B-804t (in millions of dollars) — — Federal Reserve D3Lstricts Total San Minne- Kansas St. RichCleveNew jPhilaAll Atlanta Chicago Louis apolis City Dallas Francisco Boston York j delphialand mond districts ASSETS 22,41/4 1,332 Loans and investments - total 9,766 705 Loans - total Commercial, industrial, and agricultural loans 38 566 On securities 264 3,742 Otherwise secured & unsecured 105 465 Open market paper 44 Loans to brokers and dealers in securities 1,444 Other loans for purchasing or 716 37 carrying securities 86 1,171 Real estate loans 142 6 Loans to banks Other loans * 62 729 On securities 791 63 Otherwise secured & unsecured 8,374 457 U. S. Gov't obligations 23 Obligations - fully guaranteed by U.S. Govt. 1,160 3,114 147 Other securities 5,335 246 Reserve with F. R. bank 308 36 Cash in vault 1,734 85 Balances with domestic banks 1,338 89 Other assets - net L I A B I L I T I E S 970 15,289 Demand deposits - adjusted 280 5,233 Time deposits 45 549 U. S. Gov't deposits Inter-bank deposits* 207 4,907 Domestic banks 10 612 Foreign banks 2 38 Borrowings 38 904 Other liabilities 236 3,597 Capital account 253 2,156 1,018 10 75 7 2 18 135 21 4 15 118 2 3 40 306 34 23 13 45 9 9 14 19 1 15 21 1 59 374 3 12 25 209 49 102 153 11 92 23 9 48 169 12 43 80 14 Z7 254 45 134 71 17 13 201 23 9 32 194 28 51 108 10 152 27 69 110 702 129 307 319 19 171 210 408 183 9 270 121 2 494 145 8 390 122 13 225 111 1 342 175 243 14 6 3 91 5 81 319 325 1,883 696 640 238 557 269 3,046 985 642 282 392 43 160 25 36 42 228 15 21 i4 87 11 4 12 128 5 7 51 530 49 66 42 119 11 6 360 243 100 39 60 2 38 180 4 20 29 2 17 27 5 95 81 7 288 236, 3,255 477 1,199 2,666 65 146 582 47 56 348 94 282 245 17 153 89 121 47 860 60 267 332 39 155 105 30 41 293 39 70. 132 18 111 42 23 45 178 31 79 102 12 100 4o 45 61 1,455 173 433 792 62 297 91 6,879 1,123 298 870 282 23 1,086 719 19 425 200 13 342 180 15 2,244 862 57 1,927 572 32 418 1,609 264 4 322 1 177 1 730 8 — — — 26 227 21 346 184 1 4 23 93 7 89 29 358 241 1,592 180 1,228 I 1 686 489 216 1,192 468 9,399 4,468 — * 9 87 168 6 2 6 55 160 911 1,016 47
@FedFRASER