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Form FR-284 STATEMENT FOR TEE PRESS Board of Governors of t h e Federal Reserve System For immediate r e l e a s e March 4, 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 leading c i t i e s shows t h e following p r i n c i p a l changes f o r t h e week ended February 28$ I n creases of $8,000,000 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 , $24,000,000 i n holdings of Treasury b i l l s , $43,000,000 i n holdings of "Other sec u r i t i e s " , $84,000,000 i n r e s e r v e balances with Federal Reserve banks, and $158,000,000 i n demand deposits—adjusted. 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 $6,000,000 i n New York City and $8,000,000 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 d e c l i n e d $15,000,000 i n Mew York City and $8,000,000 at a l l r e p o r t i n g member banks, and increased $6,000,000 i n t h e San Francisco d i s t r i c t . Holdings of United S t a t e s Treasury b i l l s i n c r e a s e d $22,000,000 i n Hew York City, $11,000,000 i n t h e Chicago d i s t r i c t , and $24,000,000 at a l l r e p o r t i n g member banks. Holdings of Treasury n o t e s declined $8,000,000. Holdings of United S t a t e s Government bonds declined $8,0 0,000 i n New York C i t y , and i n c r e a s e d $9,000,000 i n the Boston d i s t r i c t and $5,000,000 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 " i n c r e a s e d $46,000,000 i n New York City and $43,000,000 at a l l r e p o r t i n g member banks, and d e c l i n e d $10,000,000 i n t h e San Francisco d i s t r i c t . Demand d e p o s i t s - a d j u s t e d i n c r e ased $165,000,000 i n New York C i t y , $20;000,000 i n the Chicago d i s t r i c t , $16,000,000 i n t h e Cleveland d i s t r i c t , $11,000,000 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 , and $158,000,000 a t a l l r e p o r t i n g member banks, and d e c l i n e d $29,000,000 i n t h e San Francisco d i s t r i c t and $12,000,000 i n the Kansas City d i s t r i c t . Tine d e p o s i t s i n c r e a s e d $9,000,000 i n t h e San Francisco d i s t r i c t and $13,000,000 a t a l l r e p o r t i n g member banks,, Deposits c r e d i t e d to domestic banks declined $19,000,000 i n New York City and $o,000,000 a t a l l r e p o r t i n g member banks. Deposits c r e d i t e d t o f o r e i g n banks declined $11,000,000 i n New York City, 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 t h e week and t h e year ended February 28,1940, f o l l o w s : Alln rrI n c r e a s e or decrease Feb. Esince 28, Feb. 21, Liar,. i , 1940 1940 1939 AS S E T S Loans and Investments - t o t a l 23,268 + 57 +1,674 Loans - t o t a l + 342 8,528 - 3 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 + 8 + 551 4,324 Open market paper + - 1 332 19 Loans 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 609 - 8 190 Other loans f o r purchasing or carrying s e c u r i t i e s 478 - 114 45 Real e s t a t e loans + 1,185 49 — Loans t o banks 52 40 - 3 Other loans + 5 1,548 2 Treasury b i l l s 647 + 24 231 Treasury notes — 8 796 1,735 U, S„ bends + 5 6,469 +1,273 Obligations guaranteed by U. S. Gov't + 402 2,421 - 4 Other s e c u r i t i e s 3,468 + 43 4- 222 Reserve with Federal Reserve banks + 84 10,390 +3,022 Cash i n v a u l t + + 18 480 91 Balances with domestic banks + 5 46 — 24 3,104 L I A B I L I T I E S Demand d e p o s i t s - a d j l i s t e d +158 I9,4l4 +3,449 Tir;.e d e p o s i t s + 83 5,290 + 13 U. 3, Government d e p o s i t s 571 - 2 63 Inter-bank depo s i t s t Domestic banks — 6 8,085 +1,671 Foreign banks + 166 732 - 13 — Borrowings - 1 2 —• Form FR-284 STATEMENT FOR THE PRESS Board of Governors of t h e F e d e r a l Reserve System February 29, 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 ) New York City Increase or Feb. decrease s i n c e 28, Feb. 21, Mar. 1 , 1940 1940 1939 Feb. 28, 1940 Loans and Investments - t o t a l 8,853 + 4l +1,090 2,304 Loans - t o t a l 2,909 — i4 + 10 1,651 113 457 + 6 - 1 - 15 + - 288 9 190 160 112 46 370 - 1 — 4 + 1 + — 26 4 28 29 Chicago I n c r e a s e or decrease since Feb. 21, Mar. 1, 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 to brokers 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 to banks Other l o a n s : + 11 + 198 56 7 - 2 + 47 389 18 33 + - 1 1 1 + + + 44 3 1 63 14 - 1 + 3 1 — — * + 1 1 + + 112 74 66 + + 28 19 50 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 201 719 2,449 + 22 - 3 — 8 + + 93 170 833 342 163 738 1,270 1,305 - 2 + 46 + + 207 125 153 341 + 1 Reserve with F. R. banks Cash i n v a u l t Balances with domestic banks Other a s s e t s - net 6,181 81 80 363 + 93 + 3 - 3 + 1 +1,866 + 32 + 2 + 3 1 1 2 + + + 39 894 28 239 49 236 3 32 3 8,986 v653 44 +165 + 2 +2,143 + 27 72 1,759 502 83 + 3 + + 229 31 3,451 671 - 19 - 11 + 722. + 172 900 8 + - + 11 — + — 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 deposits: Domestic banks Foreign banks Borrowings Other l i a b i l i t i e s CAPITAL ACCOUNTS 1 2.65 1,488 • — - 2 — •— — + 34 1 15 247 — — — 4 + 214 1 + 2 9 —— mmm—m + 1 Form FR—284—b ASSETS AND LIABILITIES OF vffiEKLI REPORTING I'OIHER BANKS IN 101 LEiiDIHG CITIES ON FEBRUARY 28, 1940 Total All Boston New York districts ASSETS Loans and I n v e s t m e n t s - 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 p a p e r 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 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 Treasury b i l l s Treasury notes U. S. bonds O b l i g a t i o n s g u a r a n t e e d by U. S. Gov't Other s e c u r i t i e s Reserve with F. R. bank Cash i n v a u l t Balances w i t h domestic banks Other a s s e t s - n e t District Reserve Fvu.01 Cll tit,. -Minn fa- Kansas Dallas San P h i l a - Cleve- j Ri. ch- Atlanta Chicago Francisco City Louis j a p o i i s d e l p h i a land |mend 23,268 1,169 9,665 1,164 1,931 714 627 3,401 690 433 686 535 2,253 8,528 609 3,263 421 684 263 309 911 331 189 296 271 981 4,324 332 609 292 67 21 1,765 119 IS 2 197 25 24 259 9 22 115 17 2 167 4 6 53 7 37 39 193 11 5 99 4 1 177 20 4 180 2 3 34 3 17 20 478 1,185 52 1,548 19 81 1 128 215 198 46 458 31 50 1 93 25 174 15 41 72 114 7 10 10 28 14 22 47 384 112 12 52 1 57 68 57 50 170 647 1,735 6,469 2,421 3,468 10,390 4S0 3,104 11 41 333 54 121 479 142 175 81 207 752 2,637 1,347 1,459 6,360 100 217 495 19,4l4 5,290 571 1,188 73 31 339 99 274 443 21 223 88 193 D 176 652 124 289 561 45 334 100 11 31 1 89 177 156 53 65 184 23 210 38 2 28 114 71 103 123 14 220 48 342 287 1,076 283 502 1,212 64 553 81 14 34 137 71 103 241 12 198 23 30 35 116 19 44 95 7 93 16 10 68 102 68 142 186 16 318 23 19 44 92 51 58 131 12 292 29 6 62 715 181 308 375 24 271 239 235 14 9,644 1,032 64 954 262 54 1,329 746 47 498 200 32 4o4 190 44 2,614 956 134 488 190 17 294 119 2 523 147 24 472 135 31 1,006 1,078 108 8,085 732 323 20 3,543 673 433 5 456 1 308 1 290 1 1,193 9 368 162 1 429 269 1 311 20 692 3,719 21 271 1,610 16 215 15 377 33 97 10 93 19 386 6 95 7 59 3 103 4 87 287 352 1,261 —— — — — 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 deposits: Domestic banks Fbreign banks Borrowings Other l i a b i l i t i e s CAPITAL ACCOUNTS . — —
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