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STATEMENT FOR THE P R E S S For immediate r e l e a s e B-804 F e d e r a l Reserve Board March 12, 1934. , CONDITION OF WEEKLY REPORTING MEMBER BANKS IN LEADING CITIES The F e d e r a l Reserve B o a r d ' s 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 b;mks i n 91 l e a d i n g c i t i e s on March 7 shows i n c r e a s e s f o r t h e week of $116,000,000 i n n e t demand d e p o s i t s , $ 1 9 6 , 0 0 0 , 0 0 0 i n r e s e r v e "balances w i t h F e d e r a l Reserve banks and $ 4 2 , 0 0 0 , 0 0 0 i n i n v e s t m e n t s , and a d e c r e a s e of $ 1 7 , 0 0 0 , 0 0 0 i n l o a n s . Loans on s e c u r i t i e s d e c l i n e d $20,000,000 a t r e p o r t i n g member b a n k s i n t h e New York d i s t r i c t and $ 2 5 , 0 0 0 , 0 0 0 a t a l l r e p o r t i n g member b a n k s , "AH o t h e r " l o a n s i n c r e a s e d $ 6 , 0 0 0 , 0 0 0 i n t h e Boston d i s t r i c t and $ 8 , 0 0 0 , 0 0 0 a t a l l r e p o r t i n g member banks. H o l d i n g s of U n i t e d S t a t e s Government s e c u r i t i e s i n c r e a s e d $ 8 1 , 0 0 0 , 0 0 0 i n the New York d i s t r i c t and $ 2 9 , 0 0 0 , 0 0 0 a t a l l r e p o r t i n g member b a n k s , and d e c l i n e d $ 2 2 , 0 0 0 , 0 0 0 i n t h e Chicago d i s t r i c t , $ 1 2 , 0 0 0 , 0 0 0 i n t h e P h i l a d e l p h i a d i s t r i c t said $11,000,000 i n t h e San F r a n c i s c o d i s t r i c t . L i c e n s e d member banks f o r m e r l y i n c l u d e d i n the c o n d i t i o n s t a t e m e n t of member banks i n 101 l e a d i n g c i t i e s , b u t n o t now i n c l u d e d i n t h e weekly s t a t e m e n t , had t o t a l l o a n s and i n v e s t m e n t s of $ 1 , 0 5 0 , 0 0 0 , 0 0 0 and n e t demand, time and Government d e p o s i t s of $ 1 , 0 8 3 , 0 0 0 , 0 0 0 on March 7, compared w i t h $ 1 , 0 5 5 , 0 0 0 , 0 0 0 and $1,OSS,000,000, r e s p e c t i v e l y , on F e b r u a r y 28. 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 t h e r e p o r t i n g member b a n k s , i n 91 l e a d i n g c i t i e s , t h a t a r e now i n c l u d e d i n t h e s t a t e m e n t , 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 March 7, 1934, 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 ) R e s e r v e s w i t h F» R. Banks Cash i n v a u l t .Net demand d e p o s i t s Time de;jo:yi. ' Governtovr- J/.- or i f s Due 1 ro u T> Dae t-> "v-" Borrowings from F , H. Banks - 17 -142 3,495 -,673 - 25 + 8 -264 +122 9,257 + 42 +1,839 6,273 2,979 + 29 + 13 +1,251 -12 2,467 231 +19o + 7 +1,165 11, "n.U 4;377 1.504 1.441 3,331 10 + U. S. Government s e c u r i t i e s Other s e c u r i t i e s 8,168 + Investments - t o t a l +1,697 + On s e c u r i t i e s All other + 25 V-/VL Loans - t o t a l 17,425 K Loans and i n v e s t m e n t s - t o t a l I n c r e a s e or d e c r e a s e s i n c e F e b . 28,1934 Mar. 8,1933 I—1 —J CT\ Mar. 7, 1934 +2,239 •; J YD + 1 / ' C'2 +29 4144 + 2",2 41,618 - -1,056 2 Fe d e r a l R e s e r v e Board March 8, 1934. For immediate r e l e a s e CONDITION OF *E3KLY H3P03TI3& MEM3BB BAtjKS IF CENTRAL RESERVE CITIES ( i n m i l l i o n s of d o l l a r s ) Mar, 7 1934 F e b . 28 1934 Mar. S , 1933 NEW Y01HC Loans and i n v e s t m e n t s - t o t a l . 7,06Q 7,006 6,412 3,310 .3,331 3,121 1,649 1,661 1,669 1,662 1,668 1,453 3,759. 3,675 3,291 2,66s 1,091 2,585 1,090 2,186 1,105 R e s e r v e s w i t h F . R. Bank Cash i n v a u l t 1,131 3S 1,091 39 618 131 Net demand d e p o s i t s Time d e p o s i t s Government d e n o s i t s 5,580 679 797 5,491 682 761 4,481 749 11 Due from banks Dae to banks o2 l,4i4 83 1,334 53 690 Loans - t o t a l On s e c u r i t i e s All other Investments - t o t a l U. S. Government s e c u r i t i e s Other s e c u r i t i e s Borrowings from F . H. Bank — Loans on s e c u r i t i e s to b r o k e r s and d e a l e r s : For own a c c o u n t For account of o u t - o f - t o w n bonks For account of o t h e r s Total On demarc1 On time —— 632 6S9 150 5 844 698 150 10 858 395 11 7 413 567 277 583 275 236 177 1,386 1,397 966 570 570 607 274 296 277 293 346 261 8lS 327 359 533 283 547 280 161 19 s 345 42 333 4l ll 1,152 360 69 1,155 359 69 16s 338 173 325 CHICAGO Loans and i n v e s t m e n t s - t o t a l Loans - t o t a l On s e c u r i t i e s All other Investments - t o t a l U. S. Government s e c u r i t i e s Other s e c u r i t i e s Re s e r v e s w i t h F . R. Banks ' C%sh i n v a u l t Net demand d e p o s i t s Time d e p o s i t s Government d e p o s i t s Due from banks Due to banks B o r r o w i n g s from F . R. Bank C 165 742 259 3 51 130 66 (B-E:o4a) B-804b For immediate r e l e a s e .PRINCIPAL ASSETS AFD LIABILITIES OF WEEKLY REPORTING MEMBER BAMS IE LEADING CITIES, BY DISTRICTS, OF MARCH 7, 193% ( i n m i l l i o n s of d o l l a r s ) Total \ Boston Loans and i n v e s t m e n t s - t o t a l Loans - t o t a l On s e c u r i t i e s All other Investments - t o t a l TJ. S. Govt, s e c u r i t i e s Other s e c u r i t i e s R e s e r v e s w i t h ? . E,. "baric Cash i n v a u l t Met demand d e p o s i t s Time d e p o s i t s Government d e p o s i t s Dae from banks Dae to ID auks Borrowings f r o m F . 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York 1.226 3.002 8.163 663 3,327 3,495 4,673 250 413 1,86b 1,961 9,257 -S21 6,278 2,979 43b 1,761 165 198 188 885 43 62 136 60 122 128 220 665 298 166 357 248 876 663 327 200 98 111 55 249 108 192 56 555 321 29 6 393 51 69" 38 5 76 12 10 69 109 14 159 131 36 1,369 481 87 329 38 196 12b 7 398 164 31 254 120 62 583 901 104 6S 76 231 421 06 l4o 81 92 153 225 119 138 ISO 165 349 .1,724. 431 JJO. 187 73l 241 259 212 219 59 ill 63 124 332 402 87 133 4,175 531 706 185 162 990 39s 165 2,854 1,321 291 240 512 194 137 US 116 46 2,467 231 159 35 1,232 49 130 12 126 18 37 11 11,514 4,377 1,504 794 337 129 5,990 1,081 8 46 645 204 74 563 439 76 i,44i 3,331 100 170 133 1,473 126 196 93 152 66 7 2 l 10 3 ^ 83 i j F r a n c i s co 555 151 1.031 San Dallas 331 1.117 JI^L25_ District j Minn- (Kansas !8 j e a " o l i s ' City i 5M_ 162 k A 1 1 4, i
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