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Form PR—284 STATEMENT FOR THE PRESS For immediate r e l e a s e Board of Governors of t h e Federal Reserve System March 27, 1939. Condition of Weekly Reporting Member Banks i n 101 Leading C i t i e s The condition statement of weekly reporting member banks i n 101 leading c i t i e s shows the following p r i n c i p a l changes f o r the week ended March 22* Decreases of $81,000,000 i n loans t o brokers and d e a l e r s i n s e c u r i t i e s , $85,000,000 i n reserve balances with Federal Reserve banks, $87,000,000 i n balances with domestic banks, $167,000,000 i n demand deposits-adjusted, and $156,000,000 i n deposits credited to 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 increased $11,000,000. Loans to brokers and d e a l e r s i n s e c u r i t i e s decreased $71,000,000 i n Hew York City and $81,000,000 at a l l reporting member banks# Holdings of Treasury b i l l s decreased $40,000,000 i n the Chicago d i s t r i c t and $39,000,000 at a l l reporting member banks. Holdings of Treasury notes decreased $17,000,000 i n New York City, $10,000,000 i n the San Francisco d i s t r i c t , and $53»000,000 at a l l reporting member banks. Holdings of U. S. Government bonds i n creased $37,000,000 i n New York City, $16,000,000 i n the Cleveland d i s t r i c t , and $50,000,000 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 ' the United S t a t e s Government increased $15,000,000 i n New York City and $13,000,000 at a l l reporting member banks. Holdings of "Other s e c u r i t i e s " increased $20,000,000 i n New York City and $21,000,000 at a l l reporting member banks. Demand deposits—adjusted decreased $89,000,000 i n the Chicago d i s t r i c t , $34,000,000 i n t h e San Francisco d i s t r i c t , and $167,000,000 at a l l reporting member banks. Deposits c r e d i t e d to domestic banks decreased $108,000,000 i n New York City and $156,000,000 at a l l reporting member banks. Deposits credited to f o r e i g n banks increased $40,000,000 i n New York City. Borrowings of weekly reporting member banks amounted to $1,000,000 on March 22. 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 reporting member banks, together with changes f o r the week and the year ended March 22, 1939, follows 1 ( i n millions of d o l l a r s ) Increase or decrease L since ' Liar. 15, Mar. 23, 1938 ASSETS w + Loans and Investments — t o t a l 80 21,742 830 Loans *» t o t a l 8,209 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 3,805 Open market paper 310 Loans to brokers and d e a l e r s i n s e c u r i t i e s 794 Other loans f o r purchasing or carrying s e c u r i t i e s 530 Real e s t a t e loans 1,136 Loans t o banks 90 Other loans 1,544 * * 72 + 11 — - 81 1 - Treasury b i l l s Treasury notes U, S, bonds Obligations guaranteed by U. S. Gov't Other s e c u r i t i e s 434 1,999 5,805 2,036 3,259 Reserve with Federal Reserve bank Cash i n v a u l t Balances with domestic banks 7,379 416 2,572 + 15,976 5,212 + ** + + + mm — + + + 362 - + — - —— + 596 501 112 73 78 12 3 31 — 7 8 39) 53) 50) 13 21 + ' 870 + 194 85 14 87 + 1,606 + 100 + 627 167 14 3 + 1,675 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 Tirje deposits U. S. Government deposits Inter-bank deposits* Domestic banks Foreign banks Borrowings 630 - 6,501 612 1 - + 156 39 - - 19 67 ....if 1,316 + 258 + 1 Forn FR--2S4-a STATEMENT FOR THE PRESS Boafd of Governors of the Federal Reserve System March 23, 1939 For immediate r e l e a s e ASSETS AND LIABILITIES OF WEEKLY REPORTING MEMBER BANKS IN CENTRAL RESERVE CITIES (in millions of d o l l a r s ) New York City Increase or Mar. decrease since 22, Mar, 15, Mar, 231 1939 1939 1938 Mar, 22, 1939 Chicago Increase or decrease since Mar,. 15, Mar, 23, 1938 1939 ASSETS Loans and Investments — t o t a l 7,942 — 15 Loans - t o t a l 2,896 - 67 1,366 119 644 4" 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 brokers and d e a l e r s Other leans f o r purchasing or 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 — - 2 190 108 75 394 2,091 291 529 291 33 69 18 10 20 28 —— 39 240 39) 210 + 2) 2) 664 + 134 623 65 124 324 1 1 + + 42 ,344 4 23 89 672 25 193 49 15 1 1 1 + + 94 4 78 1,439 472 — 992 26 194 + + 681 231 - - 2 71 • • - + — — 8 4 Treasury b i l l s Treasury notes U.S. bonds Obligations guaranteed by U, S. Gov't Other s e c u r i t i e s 88 749 1,975 + 3) 17) 37) 1,052 1,182 15 20 + + Reserve with F.R, bank Cash i n v a u l t Balances with domestic banks Other a s s e t s — net 4,282 53 + 92 + 386 - 19 3 2 4 +1 6,958 + 620 + 113 20 5 3 4- 4l 358 - + + - — + 122 2 - 77 355 + 16 + 30 - 3 1 6 — 53 11: 3 68 + 13 2 47 - •0.111. — - + — — — 4- •—in 3 1 8 2 23 — 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 deposits U, S. Gov't deposits Inter-bank depositst Domestic banks Foreign banks Borrowings Other l i a b i l i t i e s CAPITAL ACCOUNTS 2,724 •Mt 108 544 + 4o •f — —— 314 + 1,482 76 + + 136 4 - 33 754 + 16 10 + + 176 3 83 m m » 13 + 47 3 15 2.57 MM » m, » 1 — *•* + 3 15 Form FR—284-b ASSETS AND LIABILITIES OF TffiEKLX REPORTING MEMBER BANKS IN 101 LEADING CITIES ON MARCH 22, 1939 ' (in millions of d o l l a r s ) Total Disi: r i c t Federa] Reserve St. All New P h i l a - Cleve- RichMinne- Kansas San Dallas Francisco d i s t r i c t s Boston York delphia land mond Atlanta Chicago Louis apolis City 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 a g r i c u l t u r a l 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 or 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 21,742 8,209 1,129 572 3,248 3,805 310 794 251 64 30 1,467 126 650 184 23 23 530 1,136 90 1,544 24 80 3 120 247 196 75 487 Treasury b i l l s Treasury notes U. S. bonds Obligations guaranteed by U, S. Gov't Other s e c u r i t i e s 434 1,999 5,805 2,036 3,259 5 70 303 46 Reserve with F. R. bank Cash i n v a u l t Balances with domestic banks Other a s s e t s - net 7,379 416 2,572 1,264 349 139 143 80 88 805 2,191 1,115 1,341 4,404 70 178 485 15,976 5,212 630 1,025 250 15 6,501 612 1 755 3,686 259 24 1 22 244 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 deposits U. 8. Gov't deposits Inter-bank d e p o s i t s : Domestic banks Foreign banks Borrowings Other l i a b i l i t i e s CAPITAL ACCOUNTS 133 8,788 677 601 233 234 9 20 32 52 1 97 26 168 1 194 * — 42 323 94 262 14 203 590 106 280 275 17 162 105 1,133 1,845 412 652 652 256 507 246 2,147 309 372 155 498 29 35 183 3 5 77 4 1 153 19 5 162 1 3 325 20 12 13 27 1 85 79 99 3 113 11 50 5 52 7 7 10 23 14 20 59 46 46 50 380 1 175 152 179 49 64 8 32 112 58 84 244 342 1,001 252 469 31 60 164 100 7 35 117 17 41 392 42 291 104 151 19 164 36 111 12 168 49 897 55 433 81 132 11 139 23 75 7 101 17 5 85 116 56 134 166 12 269 22 29 50 80 49 53 107 11 233 29 320 21 291 233 7,521 1,004 132 789 1,133 750 283 42 53 443 199 28 365 184 40 2,185 898 131 436 190 20 257 119 2 492 144 23 428 137 34 902 1,054 110 2,799 545 319 10 253 253 1 996 289 129 1 360 — — 199 1 280 18 — — — — — —— 320 1,604 16 222 365 1 16 367 727 307 3,164 856 100 9 3 171 3 7 17 34 70 29 95 6 92 11 19 390 63 5 92 — — 8 56 - 3 99 — 5 83 963 3 123 629 131 298 306 342
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