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Form FR-284 For immediate release STATEMENT FOR THE PRESS Board of Governors of the Federal Reserve System June 6, 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 It A decrease of $39,000,000 in commercial, industrial and agricultural loans, and an increase of $25,000,000 in loans to brokers and dealers in securities? a decrease of $78,000,000 in holdings of United States Government direct obligations, and an increase of #66,000,000 in holdings of obligations fully guaranteed by the United States Government? a decrease of $108,000,000 in demand deposits—adjusted, and an increase of $136,000,000 in deposits credited to domestic banks. Commercial, industrial and agricultural loans declined $19,000,000 in New York City, $6,000,000 in the Chicago district, and #39,000,000 at all reporting member banks. Loans to brokers and dealers in securities increased $25,000,000 in New York City. "Other loans" increased $8,000,000 in the Chicago district and at all reporting member banks. Holdings of United States Government direct obligations declined $46,000,000 in New York City, $36,000,000 in the St. Louis district and $78,000,000 at all reporting member banks. Holdings of obligations fully guaranteed by the United States Government increased $23,000,000 in New York City and $26,000,000 at all reporting member banks. Holdings of "Other securities" increased $10,000,000 in the St. Louis district and $2,000,000 at all reporting member banks. Demand deposits—adjusted increased $39,000,000 in New York City, and declined $68,000,000 in the St. Louis district, $47,000,000 in the Philadelphia district and $108,000,000 at all reporting member banks. Time deposits increased $4,000,000. Deposits credited to domestic banks increased $49,000,000 in New York City, $24,000,000 in the St. Louis district, $23,000,000 in the Chicago district, $15,000,000 in the Philadelphia district, $13,000,000 in the Cleveland district and $136,000,000 at all reporting member banks. Borrowings of weekly reporting member banks amounted to $1,000,000 on June 1. A summary of the principal assets and liabilities of reporting member banks, together with changes for the week and the year ended June 1, 1938, follows 1 June 1j 1938 A S S E T S 20,536 Loans and Investments - total 8,334 Loans - total Commercial,industrial, and agricultural loansl 553 On securities 3,439 Otherwise secured and unsecured 365 Open market paper 603 Loans to brokers and dealers in securities Other loans for purchasing or carrying securities 583 1,156 Real estate loans 114 Loans to banks 698 Other loans* On securities 823 Otherwise secured and unsecured 7,844 U. S. Government direct obligations 1,411 Obligations fully guaranteed by U.S. Gov't 2,947 Other securities 6,252 Reserve with Federal Reserve banks 390 Cash in vault 2,373 Balances with domestic banks L I A B I L I T I E S 14,589 Demand deposits—adjusted 5,216 Time deposits 533 U. S. Government deposits 5,832 Inter-bank deposits* Domestic banks 315 Foreign banks 1 Borrowings Increase or decrease since June 2, May 25, 1937 1938 —61 -1,622 -11 -1,237 -5 -34 +26 +2 +22 -17 -261 -118 -730 -137 -5 -9 -7 +47 ~443 +255 -197 +974 -13 +45 +607 -2 +25 -4 +1 +2 +6 -78 -108 +4 -5 +136 +1 -2 +61 —685 -15 +391 +693 -245 -12 Form FB-284~a STATEMENT FOR THE PRESS Board of Governors of the Federal Reserve System June 2, 1938 For immediate release ASSETS AND LIABILITIES OF WEEKLY REPORTING MEMBER BANES IN CENTRAL RESERVE "CITIES (in millions of dollars) Chicago New York Ci"~-y 19 3 7 19 3 8 1 9.3 8 19 3 7 June 1 7 May 25 June 2 June 1 May^ 25 June 2 A S S E T S Loans and Investments - total 7,482 7,500 8,392 1,827 1,832 1,989 Loans — total 2,964 2,957 3,856 537 542 657 229 1,298 134 472 231 1,315 134 447 227 1,433 160 l,l40 20 336 21 27 21 338 21 •29 32 395 29 43 2.03 118 85 204 118 84 280 129 74 65 12 65 12 82 l4 8 224 201 224 200 246 167 21 35 21 35 22 32 U» S. G o v H obligations Obligations fully guaranteed by U. S, Gov*t Other securities 2,926 2,972 3,060 870 871 942 612 980 589 982 428 1,048 118 302 117 302 95 295 Reserve with F. R. bank Cash in vault Balance with domestic banks Other assets — net 3,214 57 81 501 3,136 51 76 500 2,440 64 70 480 814 32 245 53 818 31 226 51 596 26 166 64 Demand deposits — adjusted Time deposits U, S. Gov't deposits Inter-bank deposits* Domestic banks Foreign banks 6,101 64l 135 6,062 634 l4o 6,359 727 23 1,446 463 116 1,446 463 116 1,498 450 74 2,392 276 2,343 275 1,933 518 678 663 554 7 Borrowings Other liabilities Capital account 1 300 1,489 3 318 1,488 9 399 1,478 — «•» 16 246 19 245 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» On securities Otherwise secured & unsecured — — — — L I A B I L I T I E S 6 6 «"* 20 238 Form FR-284-b ASSETS AMD LIABILITIES OF WEEKLY REPORTING MEMBER BANKS IN 101 LEADING CITIES ON JUNE 1, 1938 (In millions of dollars) District Reserve Total San , Kansas Dallas St. MinneRichClevePhila Ne-W AH Atlanta Chicago Boston Francisco City apolis Louis mond land delunia York districts A S S E T S Loans and Investments - total 20,536 Loans — total 8,334 Commercial, industrial, and agricultural loanst On securities 553 Otherwise secured and unsecured 3 >439 Open market paper 365 Loans to brokers and dealers in securities 603 Other loans for purchasing or carrying securities 583 Real estate loans l,15o Loans to banks Other loans t On securities 698 Otherwise secured and unsecured 823 U, S. Gov't obligations 7,844 Obligations fully guaranteed by U.S.Gov't l,4ll 2,94-7 Other securities ~ 6,252 Reserve with F. R. bank 390 Cash in vault 2,373 Balances with domestic banks 1,323 Other assets - net L I A B I L I T I E S Demand deposits-adjusted 14,589 Time deposits 5,216 U. 8. Gov't deposits 533 Inter—bank deposits* Domestic banks 5,832 Foreign banks 315 Borrowings 1 Other liabilities 738 Capital account 3,650 1,156 603 8,324 3,365 1,091 426 1,759 692 619 235 552 282 2,841 848 618 284 360 152 619 239 473 224 2,124 984 37 239 72 20 242 1,399 146 480 46 150 22 16 47 228 13 24 13 92 9 3 10 138 3 7 38 4 55 38 30 42 125 8 5 9 6l 5 2 15 129 18 3 10 132 1 3 44 291 30 10 31 83 4 274 224 85 34 58 2 37 174 2 16 30 2 15 28 4 76 89 4 12 48 7 7 6 12 22 1 l4 55 374 55 62 396 27 130 284 122 47 51 309 93 122 37 251 103 26 51 153 40 77 96 10 126 38 45 73 1,365 194 434 1,019 60 463 87 11 51 153 16 39 62 5 115 17 13 26 223 4o 117 146 11 265 22 10 245 16 160 82 28 42 291 32 61 134 17 135 33 11 26 174 58 75 254 261 3,165 655 1,139 3,326 73 175 605 33 169 30 50 96 10 218 26 76 102 713 l4l 286 324 19 220 212 1,000 261 12 6,650 1,035 143 736 289 20 1,040 738 18 4o6 199 13 328 183 23 2,158 875 144 306 186 23 253 119 463 l44 18 395 130 25 854 1,057 92 230 10 2,466 278 1 312 1,618 303 5 343 1 206 191 1 894 7 299 122 1 341 186 251 12 15 226 18 360 6 20 372 5 82 304 329 138 21 241 263 45 733 85 24-9 368 — — 21 93 90 102 152 10 107 23 *- — 7 89 — — 2 6 56 — 20 l —• 3 94 2
@FedFRASER