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Form FR-284 For immediate release STATEMENT FOR THE PRESS Board of Governors of the Federal Reserve System March 28, 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 March 231 .Decreases of $29,000,000 in commercial, industrial and agricultural loans and $38,000,000 in loans to brokers and dealers in securities; a decrease of $213,000,000 in holdings of United States Government direct obligations, and an increase of $63,000,000 in 11 Other securities"; decreases of #100,000,000 in balances on deposit with domestic banks and #203,000,000 in deposits credited to domestic banks. . Commercial, industrial and agricultural loans declined $15,000,000 m New York City and 529,000,000 at all reporting member banks. Loans to brokers and dealers in securities declined #28,000,000 in New York City and #38,000,000 at all reporting ngs^f*United States Government direct obligations declined #152,000,000 in New York City, $59,000,000 in the Chicago district and #213,000,000 at all reporting member banks. Holdings of "Other securities" increased #66,000,000 in New York City and $63,000,000 at all reporting member banks. Demand deposits-adjusted increased #132,000,000 in New York City, and declined #71,000,000 in the Chicago district, #23,000,000 in the San Francisco district,, #21,000,000 in the Cleveland district and #3-4,000,000 at all reporting member banks. Time deposits increased #8,000,000 in the San Francisco district. Government deposits declined #37,000,000 in New York City and #28,000,000 at all reporting member banks. __ , ,, . . Deposits credited to domestic banks declined in all districts, the principal decreases being $118,000,000 in New York City, $12,000,000 in the St. Louis district, and $11,000,000 each in the Cleveland, Atlanta and Dallas districts. Weekly reporting member banks reported no borrowings on March 23. A summary of the principal assets and liabilities of the reporting member banks together with changes for the week and the year ended March 23, 1938, follows: (In millions of dollars) Increase or decrease s ince March Mar. 16, Mar. 24, 1937 ASSETS 20,912 Loans and Investments - total 8,805 Loans - total Commercial, industrial, and agricultural loans: 558 On securities 3,748 0thervri.se secured and unsecured 422 Open market paper 721 Loans to brokers and dealers in securities Other loans for purchasing or carrying securities 608 1,148 Real estate loans 87 Loans to banks 715 Other loans: On securities 798 Otherwise secured and unsecured 7,876 U. S. Government direct obligations 1,166 Obligations fully guaranteed by U.S. Gov't 3,065 Other securities 5,773 Reserve with Federal Reserve banks 316 Cash in vault 1,945 Balances with domestic banks T, I A B I L I T I E S 14,301 Demand deposits—adjusted 5,231 Time deposits 697 U. S» Government deposits 5,185 Inter-bank deposits: Domestic banks 354 Foreign banks Borrowings ^Comparable figures not available. -232 -84 —1,648 -542 * * * -5 -24 —6 -38 -7 -7 +11 -610 -4 -213 +2 +63 +4o +34 -100 -820 -39 -247 +661 —46 -18 -34 +8 -28 -203 +6 -5 -1,035 +102 +342 -401 -83 ~"4 -A * -3 -5 * * Form FR—284—a STATEMENT FOR THE PRESS Board of Governors of the Federal Reserve System March 24, 1938 For immediate release ASSETS AND LIABILITIES OF WEEKLY REPORTING MEMBER BANKS IN CENTRAL RESERVE CITIES (In millions of dollars) Chicago New York City 1 93 7 1 9 3 8 1 9 3 7 . 1 9 3 8 Mar, 24 Mar. 23|Mar. 16 Mar, 24 Mar. 231 Mar. 16 ASSETS Loans and Investments — total 7,584 7,724 8,597 1,969 2,032 2,068 Loans - total 3,187 3,243 3,738 606 6l4 638 221 1,451 155 603 * 23 385 27 33 22 390 27 37 71 12 71 12 * * 22 33 21 34 * * Commercialjindustrial, and agricultural loans» On securities 221 Otherwise aecured and unsecured 1,436 Open market paper 152 Loans to orokers and dealers 575 Other loan? tor purchasing or carrying securities 208 Real esbt.be loans 118 Loans to banks 55 Other leans % On securities 231 Otherwise secured & unsecured 191 * * 1,120 215 125 48 * 234 191 * 128 61 * * * ' 51 14 5 U. S. Gov't obligations Obligations fully guaranteed by U. S. Gov't Other securities 2,851 3,003 3,226 980 1,034 1*061 429 1,117 427 1,051 457 1,176 101 282 100 284 95 274 Reserve with F, R. bank Cash in vault Balance with domestic banks Other assets - net 2,938 49 69 475 2,824 • 47 • 70 473 2,440 49 79 477 578 21 115 49 573 20 116 50 541 27 l45 L I A B I L I T I E S Demand deposits — adjusted Time deposits U. S. Gov't deposits Inter-bank deposits t Domestic banks Foreign banks Borrowings Other liabilities Capital account 5,966 °46 307 2,043 313 36l 1,479 5 1£ 62 468 116 116 1,450 450 96 344 6,407 672 124 2,l6l 308 2,195 401 578 7 579 7 587 5 372 1,471 18 242 2 18 242 21 234 363 1,483 X, •^Comparable figures not available. Form FR-284~b ' ASSETS AMD LIABILITIES OF WEEKLY REPORTING MEMBER BANKS IN 101 LEADING CITIES ON MARCH 23, 1938 (in millions of dollars) Total All Boston New York districts ASSETS 20,912 Loans and Investments - total 8,805 Loans - total Commercial, industrial, and agricultural loanst 558 On securities 3,748 Otherwise secured & unsecured 422 Open market paper Loans to brokers and dealers in securities 721 Other loans for purchasing or 608 carrying securities 1,148 Real estate loans 87 Loans to banks Other loans* 715 On securities 798 Otherwise secured and unsecured 7,876 U. S. Gov't obligations Obligations fully guaranteed by TJ.S.Gov't 1,166 3,065 Other securities Reserve with F.R, bank 5,773 Cash in vault 316 Balances with domestic banks 1,945 Other assets — net 1,269 L I A B I L I T I E S Demand deposits - adjusted 14,301 Time deposits 5,231 U, S. Gov't deposits 697 Inter-bank deposits; Domestic banks 5,185 Foreign banks 354 Borrowings 824 Other liabilities Capital account 3,623 1,197 634 District Reserve federal San Kansasji MinneSt. RichClevePhilaj Dallas Atlanta Chicago City Francisco apolis Louis mond delphia land 8,436 1,102 448 3,598 1,775 706 604 243 554 285 2,999 931 653 305 382 162 64o 255 492 231 2,078 1,007 38 254 80 24 234 1,542 165 58± 49 159 29 18 48 240 14 22 12 99 12 3 11 l44 4 6 42 517 46 38 47 l4o 10 4 9 68 6 1 17 l4p 18 4 10 138 2 2 4l 305 36 18 34 83 5 282 224 56 34 58 2 38 172 3 17 30 2 15 28 2 84 87 8 13 47 6 8 6 12 21 1 14 21 57 371 2 57 59 407 20 136 296 61 119 77 261 253 3,076 480 1,282 3,063 65 148 562 49 50 306 88 260 224 16 133 83 124 45 752 61 256 344 36 179 102 28 40 262 4o 59 132 18 143 36 27 48 161 32 76 101 11 117 38 48 61 1,480 174 4l4 791 52 289 81 11 27 201 50 97 132 10 118 23 12 52 167 l4 39 70 6 81 16 13 27 226 46 113 168 12 214 22 10 34 176 34 51 103 10 181 26 75 102 662 127 282 349 19 223 203 987 265 12 6,492 1,059 315 735 281 23 990 746 18 402 197 13 324 I83 23 2,019 881 144 398 185 16 240 121 7 468 145 18 392 130 27 854 1,038 81 210 11 2,112 314 269 6 311 1 204 196 1 771 8 240 122 1 329 177 — — — — 244 12 25 240 373 1,609 18 226 20 350 5 89 22 367 5 81 314 329 — 24 93- — — 8 89 — — 7 57 — 3 93 — — '
@FedFRASER