The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
Form FR-284 STATEMENT FOR THE PRESS 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 March 11, 1940 Condition of Weekly Reporting; Member Banks i n 101 Leading C i t i e s The c o n d i t i o n statement 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 the f o l l o w i n g p r i n c i p a l changes f o r the week ended March 6 : I n c r e a s e s of $31,000,000 i n 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 , $25,000,000 i n holdings of Treasury b i l l s and $34,000,000 i n holdings of United S t a t e s Government bonds, a decrease of $73,000,000 i n demand d e p o s i t s - a d j u s t e d , and an i n c r e a s e of $134,000,000 i n d e p o s i t s c r e d i t e d t o domestic banks. Commercial, i n d u s t r i a l and a g r i c u l t u r a l loans i n c r e a s e d $13,000,000 i n New York C i t y , $9,000,000 i n t h e Cleveland d i s t r i c t , $8,000,000 i n t h e Boston d i s t r i c t and $31,000,000 a t a l l r e p o r t i n g member banks. Loans t o brokers and d e a l e r s i n s e c u r i t i e s i n c r e a s e d $25,000,000 i n New York City and $29,000,000 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 Treasury b i l l s declined $11,000,000 i n New York City, and i n c r e a s e d $24,000,000 i n t h e S t . Louis d i s t r i c t , $20,000,000 i n the Chicago d i s t r i c t and $25,000,000 at a l l r e p o r t i n g member banks. Holdings of United S t a t e s Treasury notes d e c l i n e d $10,000,000. Holdings of United S t a t e s Government bonds i n c r e a s e d $24,000,000 i n New York City and $34,000,000 at a l l r e p o r t i n g member banks. Holdings of o b l i g a t i o n s guaranteed by t h e United S t a t e s Government declined $12,000,000 i n t h e Chicago d i s t r i c t , $7,000,000 i n New York City and $21,000,000 a t a l l r e p o r t i n g member banks. Holdings o f "Other s e c u r i t i e s " showed l i t t l e change f o r the week. Demand d e p o s i t s - a d j u s t e d declined $32,000,000 i n the San Francisco d i s t r i c t , $15,000,000 each i n t h e P h i l a d e l p h i a and Chicago d i s t r i c t s , and $73>000,000 at a l l r e p o r t i n g member banks. Time d e p o s i t s i n c r e a s e d $13,000,000. Deposits c r e d i t e d t o domestic banks i n c r e a s e d i n n e a r l y a l l d i s t r i c t s , the p r i n c i p a l i n c r e a s e s being $52,000,000 i n New York C i t y , $18,000,000 i n t n e Clevel a n d d i s t r i c t , $15,000,000 i n t h e Chicago d i s t r i c t , a n d $11,000,000 i n t h e Richmond d i s t r i c t . The t o t a l i n c r e a s e was $134,000,000. 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, together with changes f o r t h e week and the year ended March 6,1940, f o l l o w s : (In 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 decrease since Mar. 8, Feb. 28, 1939 ASSETS +1,567 +87 23,355 Loans and Investments - t o t a l + 253 +63 8,591 Loans - t o t a l + 582 +31 4,355 Commercial, industrial, and agricultural loans + 22 + 3 335 Open market paper 285 +29 638 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 55 - 1 477 Other l o a n s f o r purchasing or carrying s e c u r i t i e s + 49 1 1,184 Real e s t a t e loans +4 55 56 Loans t o banks 5 2 1,546 Other l o a n s + 230 +25 672 Treasury b i l l s - 702 1 0 1,725 Treasury n o t e s +1,196 +34 6,503 U. S. bonds + 370 2 1 2,400 Obligations guaranteed by U. S. Gov't + 220 4 3,464 Other s e c u r i t i e s +3,002 +21 10,411 Reserve with Federal Reserve banks + 37 -23 457 Cash i n v a u l t + 579 + 7 3,111 Balances with domestic banks L I A B I L I T I E S Deatadd";posit s - a d j u s t e d Time d e p o s i t s Uv S. Government d e p o s i t s Inter-bank d e p o s i t s : Domestic banks Foreign banks Borrowings 19,341 5,303 572 -73 +13 + 1 +3,255 + 79 60 8,219 728 +134 - 4 +1,701 + 159 Form FR-284 STATEMENT FDR THE PRESS Board of Governors of t h e Federal Reserve System March 7 , 1940 For immediate r e l e a s e ASSETS AND LIABILITIES OF WEEKLY REPORTING MEMBER BANKS IN CENTRAL RESERVE CITIES (In m i l l i o n s of d o l l a r s ) Nf3W York. City Increase or Mar. decrease s i n c e Feb. 28,jMar. 8 , 1940 1940 | 1939 Mar. 6, 1940 Loans and Investments - t o t a l 8,894 + 41 + 920 2,318 Loans - t o t a l 2,953 + 44 — 85 564 1,q64 •+• 13 + - 299 5 276 387 18 33 Chicago Increase decrease since Feb. 28, Liar. 8, 1940 1939 ASSETS Commercial, i n d u s t r i a l , and a g r i c u l t u r a l loans Open market paper. Loans t o b r o k e r s and d e a l e r s Other loans f o r purchasing or carrying s e c u r i t i e s Real e s t a t e l o a n s Loans t o banks Other loans 1.17 482 159 112 50 369 + 4 + 25 + - 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 190 710 2,473 - 1,263 1,305 - Reserve with F. R. banks Cash i n v a u l t Balances with domestic banks Other a s s e t s - n e t 6,198 75 SO 364 4 1 11 - 9 + 247 + 17 — 33 4 4430 6 + 14 - 3 + 222 '+ 40 + + + 39 3 1 3 1 63 14 49 — 1 + 90 153 732 362 162 740 + 20 - 1 + 2 + + 11.7 53 77 + 134 202 150 340 - 3 1 + + 25 16 +1,939 + 22 898 26 234 49 + 4 + - 2 - 5 + 218 1 25 2 + + 230 30 4- - 32 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. Gov't d e p o s i t s Inter-bank depositst Domestic banks Foreign banks Borrowings Other l i a b i l i t i e s CAPITAL ACCOUNTS 8,977 650 44 3,503 665 280 1,492 +2,021 + - 17 72 6 + + 723 165 + 15 + 4 + 11 6 + 52 — 1,759 502 83 911' 7 + 1.1 - 1 6 + 1 247 — 1 + 212 — 2 + - 2 10 Form FR-28/r-b ASSETS AND LIABILITIES OF wEEKLY REPORTING ME3SER BANKS IN 101 LEADING CITIES ON MARC 6, 1940 (In thousands of d o l l a r s ) e d e r a l Reserve D i s t r i c Total San Kensas S t . Minne Rich P n i l a New Dallas crancisco All Atlanta jnica^o Louis a p o l i s Boston York nond delphia districts 298 534 270 2,241 974 102 4 1 179 20 4 180 2 3 340 18 21 7 10 10 28 13 22 47 38 3 112 12 52 1 57 63 38 34 144 71 104 30 35 116 19 45 50 19 43 93 51 58 165 362 285 1,080 271 501 57 11 68 97 67 142 211 12 186 22 94 6 89 15 198 15 321 23 136 11 290 29 366 23,355 Loans and Investments - t o t a l 3,591 Loans - t o t a l Connercial, i n d u s t r i a l , and 4,355 a g r i c u l t u r a l loans 335 Open n a r k e t paper 638 Loans to brokers and d e a l e r s i n secur: .ties Other loans f o r purchasing 477 or carrying s e c u r i t i e s 1,184 Real e s t a t e l o a n s 56 Loans t o banks 1,546 Other loans 672 Treasury b i l l s 1,725 Treasury n o t e s 6,503 U.S. bonds 2,400 O b l i g a t i o n s guaranteed by U. S. Gov't 3,464 Other s e c u r i t i e s 1,179 618 9,703 3,306 1,166 425 1,935 693 715 2.64 628 307 3,411 912 723 332 437 192 683 300 1,777 123 487 200 25 24 268 9 22 115 16 3 164 4 6 537 37 38 193 11 6 31 50 25 173 2 194 6 169 15 41 11 31 1 90 1 32 115 70 103 73 115 13 41 332 55 120 214 198 50 457 192 745 Reserve with F. R. bank Cash i n v a u l t Balances with domestic banks Other a s s e t s - n e t L I A B I L I T I E S 10,411 457 3,111 1,260 Demand deposits—adjusted Time d e p o s i t s U» S. Gov't d e p o s i t s Inter-bank deposits J Domestic banks Foreign banks Borrowings Other l i a b i l i t i e s CAPITAL ACCOUNTS 66 23 19 81 1 128 1 94 74 1 • • •• IP — —•— 6.2 715 181 309 656 1,339 1,458 339 99 272 125 286 180 153 52 66 490 l4l 172 80 6,392 94 220 505 435 20 226 86 568 43 341 100 188 21 213 36 129 13 48 1,204 59 558 82 19,341 5,303 572 1,191 237 14 9,656 939 498 201 33 4£)4 190 44 2,599 958 134 477 191 17 289 119 3 526 147 24 464 136 53 1,324 748 47 31 974 1,082 108 8,219 728 330 23 3,597 666 442 5 474 1 313 1 301 1 1,208 8 369 163 1 436 —— 277 1 309 21 706 3,725 21 246 286 1,614 15 216 16 377 32 95 11 93 20 387 5 95 4 87 286 352 2,663 1,031 64 31 263 226 • 7 59 3 104 22 269 234
@FedFRASER