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Form PE-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 25, 1940
Condition of Weekly Reporting -'ember Banks i n 101 Leading C i t i e s
The 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 banks i n 101 l e a d i n g
c i t i e s shows t h e f o l l o w i n g p r i n c i p a l changes f o r t h e week ended I'arch 20: An i n crease of $12,000,000 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 , and dec r e a s e s of $31,000,000 i n l o a n s to 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 , $28,000,000
i n h o l d i n g s of Treasury b i l l s , $159,000,000 i n r e s e r v e balances with Federal
Reserve banks, and $256,000,000 i n d e m a n d d e p o s i t s - a d j u s t e d .
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 $9,000,000 i n New
York C i t y , $4,000,000 i n t h e Chicago d i s t r i c t and $12,000,000 a t a l l r e p o r t i n g
member banks. 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 d e c l i n e d $19,000,000.
i n Hew York C i t y , $8,000,000 i n the Chicago 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.
Holdings o f United S t a t e s Treasury b i l l s d e c l i n e d $35,000,000 i n t h e
Chicago d i s t r i c t and $28,000,000 at a l l r e p o r t i n g member banks. Holdings of
Treasury n o t e s d e c l i n e d $24,000,000 i n t h e Richmond d i s t r i c t , a n d i n c r e a s e d
$45,000,000 i n New York City and $16,000,000 at a l l r e p o r t i n g menber banks. Holdings of United S t a t e s Government beads d e c l i n e d $10,000,000 i n t h e Chicago d i s t r i c t , and i n c r e a s e d $10,000,000 i n t h e Boston d i s t r i c t , $ 6 , 0 0 0 , 0 0 0 i n t h e S t . Louis
d i s t r i c t and $10,000,000 a t a l l r e p o r t i n g menber 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 d e c l i n e d $11,000,000 i n How York City
and $18,000,000 a t a l l r e p o r t i n g member banks. Holdings of "Other s e c u r i t i e s "
d e c l i n e d $9,000,000.
Demand deposits—adjusted d e c l i n e d $84,000,000 i n New York City,$108,000,000
i n the Chicago d i s t r i c t , $25,000,000 i n t h e Cleveland d i s t r i c t and $256,000,000
a t a l l r e p o r t i n g menber banks. Time d e p o s i t s d e c l i n e d $10,000 000.
D e p o s i t s c r e d i t e d t o domestic banks i n c r e a s e d $42,000,000 i n New York City
and $16,000,000 a t a l l r e p o r t i n g member banks, d e c r e a s e s being shown i n most of
t h e d i s t r i c t s o t h e r t h a n Hew York. Deposits c r e d i t e d t o f o r e i g n banks i n c r e a s e d
$21,000,000 i n New York C i t y .
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,
t o g e t h e r with changes f o r the week and t h e year ended March 20, 1940, f o l l o w s i
( I n 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.
Mar. 22,
20,
Mar. 1 3 ,
1940
1939
1940
ASSETS
+1,656
Loans and Investments - t o t a l
23,398
39
+ 397
10
Loans - t o t a l
8,606
+ 574
+ 12
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
4,379
+
28
4" 5
Open market paper
338
—
—
166
628
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
31
57
Other l o a n s f o r p u r c h a s i n g or c a r r y i n g s e c u r i t i e s
473
3
+
+
Real e s t a t e l o a n s
2
49
1,185
40
-f 2
Loans t o banks
50
+
+
Other l o a n s
9
1,553
3
+
28
211
Treasury b i l l s
64 5
+ 16
Treasury n o t e s
203
1,796
+ 695
*r 10
U. S. bonds
6,500
+
18
O b l i g a t i o n s guaranteed by U. S. Gov't
2,369
333
+ 22.3
Other s e c u r i t i e s
3,482
9
—
~
-
-
Reserve w i t h Federal Reserve banks
Cash i n v a u l t
Balances w i t h domestic banks
L I A B I L I T I E S
10,318
461
3,191
-159
15
4- 10
+2,939
+
45
+ 619
Demand deposits—adjusted
Time d e p o s i t s
U, S. Government d e p o s i t s
Inter-bank deposits*
Domestic banks
Foreign banks
Borrowings
19,251
5,333
576
-256
— 10
+ 3
+3,275
+ 121
—
54
8,284
751
1
+ 21
16
+1,783
+ 139
-
—•
—
1
Form FR-284
STATEL'ENT FOR THE PRESS
Board of Governors
of the F e d e r a l Reserve System
I'arch 21, 1940
For immediate r e l e a s e
ASSETS AND LIABILITIES OF WEEKLY REPORTING MEMBER BANKS IK CENTRAL RESERVE CITIES
(in millions of d o l l a r s )
Mar»
20,
1940
1ievz York Cxty
Increase or
d.ecrease since
I.'ar . 13, Liar., 22,
1940
1939
Liar,
20,
1940
.Chicago
Increase or
decrease s ince
Mar. 1 3 , Liar . 22,
1940
1939
ASSETS
Loans and Investments - t o t a l
9,036
Loans - t o t a l
2,970
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 to b r o k e r s and d e a l e r s
Other loans f o r purchasing
or c a r r y i n g s e c u r i t i e s
Real e s t a t e loans
Loans t o banks
Other l o a n s
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
Reserve vdth F.R, banks
Cash i n v a u l t
Balances with domestic banks
Other a s s e t s - net
1,684
115
485
159
113
45
369
185
830
-
+
—
-
1,236
—
1,310
6,124
75
85
351
25
318
4
159
380
18
30
+
1
4-
—
+
25
2
31
5
30
25
63
14
97
81
530
354
156
725
184
128
9
1
19
+
-
7
—
-
8
— —
— —
4-
5
1
—
4-
2
- 35
— 8
- 5
44-
1U
54
61
139
345
-
7
+
15
— —
4~
21
884
- 18
- 1
- 10
- 4
+
44-
212
1
19
,842
+
22
7
35
84
+1
,950
80
69
1,655
502
85
- 90
+
2
1
5
45
5
+
+
74
—
—*
-
+
—
-
554
10
-
+
182
2,273
+
2,505
4-
+1,094
— —
+
- 62
2.3
-
+
11
11
+
32
4
+1
3
+
-
—
49
26
222
46
~
~
-
-
29
3
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 bonks
Borrowings
Other l i a o i l i t i e s
CAPITAL ACCOUNTS
8,908
700
44
3,568
606
276
1,489
-
1
-
+
+
-
—
+
—
—
42
21
+
4-
844
142
936
7
7
—
38
17
2.49
+
7
4-
+
216
— —
— —
4-
30
2
5
1
+
182
—
3
-
+
1
-
2
8
-
-
+
Form FR—284—b
ASSETS A11D LIABILITIES OF TJEEKLY REPORTING MEMBER BAIIKS III 101 LEADI1IG CITIES 01: MARCH 20, 1940
(in m i l l i o n s of d o l l a r s )
Federal Reserve D i s t r i c t
San
S t . Minnea- {Kansas D a l l a s
Richllev7
Clever
P
h
i
l
a
All
Atlanta Chicago
Boston
Francisco
p o l i s I City
Louis
mond
districts
York
d e l p h i a land
ASSETS
Loans and Investments - t o t a l
Loans - t o t a l
Commercial, i n d u s t r i a l , and
agricultural loans
Open market paper
Loans t o brokers and d e a l e r s i n s e c u r i t i e s
Other loans f o r purchasing
o r carrying s e c u r i t i e s
Real e s t a t e loans
Loans t o banks
Other loans
Treasury b i l l s
Treasury notes
U. S. bonds
O b l i g a t i o n s guaranteed by U. S. Qov*t
Other s e c u r i t i e s
•Reserve vjith 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
Lf 1 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 deposits:
Domestic banks
Foreign banks
Borrowings
Other l i a b i l i t i e s
CAPITAL ACCOUNTS
23,398
8,606
1,176
617
9,846
4,379
338
628
473
1,185
50
1,553
645
1,796
6,500
2,369
3,482
10,318
461
3,191
1,271
3,379
908
727
328
406
191
685
I63
538
37
35
191
11
5
11
31
1
91
1
72
115
12
52
1
56
44
33
145
72
105
188
12
192
22
475
190
17
289
119
358
160
1,932
701
691
266
638
3,326
1,150
429
299
67
22
1,799
122
490
202
27
25
273
9
21
117
16
3
19
81
31
50
1
93
25
172
2
199
6
157
657
126
285
560
4A
15
41
129
14
38
338
49
120
510
142
176
79
214
198
45
458
191
867
2,689
1,313
1,460
6,292
94
223
521
19,251
5,333
576
1,204
237
14
9,589
1,076
67
939
8,284
751
1
721
3,722
338
22
1
21
246
3,663
—
•—
74
307
4
6
—
—
111
97
153
154
52
66
185
22
241
38
113
74
105
131
14
226
46
354
282
1,066
262
507
1,195
59
542
78
263
54
1,313
747
47
495
200
33
407
190
44
2,508
959
135
687
437
5
461
2
314
1
309
1
1,231
9
282
1,612
16
215
16
377
37
97
11
93
21
390
—» «-*
31
317
99
274
448
21
226
84
330
—
—
38
—
301
531
269
2,237
963
101
4
1
179
21
4
178
2
4
339
18
12
7
10
10
29
13
2.2
44
384
—
—
—
1
33
116
21
44
102
7
106
16
2
—*
2
6
95
7
58
—
—
—
—
166
143
190
15
32 5
24
50
19
41
93
51
58
130
11
300
29
3
57
715
184
315
387
20
304
237
53 4
145
24
475
135
31
1,023
1,072
108
429
268
1
316
21
4
87
297
348
58
12
68
66
97
66
—'
—
3
104
@FedFRASER