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Form FR-284 STATEMENT FOR THE PRESS For immediate release Board of Governors of the Federal Reserve System March 6, 1939 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 It Decreases of 037,000,000 in Treasury bills and $129,000,000 in demand deposits—adjusted, and increases of $26,000,000 in obligations guaranteed by the United States Government, $79,000,000 in reserve balances with Federal Reserve banks and $176,000,000 in deposits credited to.domestic banks. Commercial, industrial,and agricultural loans increased $7,000,000, loans to brokers and dealers in securities $9,000,000, and "Other loans" $10,000,000. Holdings of Treasury bills declined $18,000,000 in New York City, $17,000,000 in the Chicago district, and $37,000,000 at all reporting member banks. Holdings of Treasury notes declined $25,000,000 in New York City and $5,000,000 at all reporting member banks, and increased $15,000,000 in the Philadelphia district. Holdings of U. S. Government bonds increased $27,000,000 in New York City and decreased $19,000,000 in the Philadelphia district, all reporting member banks showing a small increase for the week. Holdings of obligations guaranteed by the United States Government increased $19,000,000 in New York City and $26,000,000 at all reporting member banks. Demand deposits-adjusted decreased •''60,000,000 in New York City, $39,000,000 in the New York district outside New York City, and $129,000,000 at all reporting member banks. Deposits credited to domesticbanks increased $120,000,000 in New York City and $176,000,000 at all reporting member banks. Deposits credited to foreign banks increased $7,000,000 in New York City, Borrowings of weekly reporting member banKS amounted to $2,000,000 on M a n n 1, A summary of the principal assets and liabilities of reporting member banks, —7 7• (in millions of do"Liars) Increase or decrease Mar. since Feb. 21, Mar. 2, 1» 1939 .1939 1938 T S Loans and Investments — total 21,594 - 12 + 363 Loans - total 8,186 Commercial, industrial, and agricultural loans 3,773 Open market paper 313 Loans to brokers and dealers in securities 799 Other loans for purchasing or carrying securities 523 Real estate loans 1,136 Loans to banks 92 Other loans 1,550 + + 6 7 8 9 6 1 7 10 - 747 584 - 118 + - 30 93 + + 10 30 + + 860 244 - 22 Treasury bills Treasury notes U. S. bonds Obligations guaranteed by U, S, Gov't Other securities 416 2,531 5,196 2,019 3,246 Reserve with Federal Reserve banks Cash in vault Balances with domestic banks 7,368 389 2,558 79 23 +l,74i + 110 + 519 15,965 5,202 634 - 129 +1,584 58 39 6,4l4 566 +176 + 9 L I A B I L I T I E S Demand deposits—adjusted Time deposits U. S. Government deposits Interbank deposits: Domestic banks Foreign banks Borrowings 2 37) + 4* 26 3 16 : 1 +1,030 + 198 3 Form FR-284~a STATEMENT FOR THE PRESS Board of Governors of the Federal Reserve System March 2, 1939 For immediate release ASSETS AND LIABILITIES OF WEEKLY REPORTING MEMBER BANKS IN CENTRAL RESERVE CITIES (in millions of dollars) New York City Increase or Mar. decrease since Feb. 21, Mar, 2, 1, 19 38 1939 1939 Mar. 1, 1939 Chicago Increase or decrease since Feb. 21, Mar. 2, 1938 1939 A S S E T S 78 2,106 - 15 + 111 4 382 520 — 4 - 98 2 7 327 38 + 39 345 15 32 - — 2 ~ - 5 29 18 20 29 66 13 Loans and Investments - total 7,755 + 22 Loans - total 2,899 + 1,363 + 64-7 + 186 Commercial, industrial, and agricultural loans Open market paper Loans to brokers and dealers Other loans for purchasing or carrying securities Real estate loans Loans to banks Other loans Treasury bills Treasury notes U. S. bonds Obligations guaranteed by U. S. Gov't . Other securities Reserve with F, R, bank Cash in vault Balances with domestic banks Other assets — net 122 108 74 399 - 2 + 4 — + 4 + + 24 44 +1,603 658 + 3 - 1 + 11 + 2 + + + 84 3 45 1 1,530 - 15 4 7 1 + 1 83 + + 138 2 9 + l4 + + 100 1 + + 4,315 49 78 402 + 4i - 4 + 4 6,843 ~ 60 9 13) 125 322 + 19 + 15 + 49 643 119 1,063 1,180 5 1 1 5 - 1 — 1,616 13 7 230 237 672 - 18) - 25) + 27) 108 889 68 2 1 1 + + - 458 1 9 74 25 207 52 i4i L I A B I L I T I E S Demand deposits—adjusted Tine'deposits U. S. Gov't deposits Interbank deposits: Domestic banks Foreign banks Borrowings Other liabilities CAPITAL ACCOUNTS 626 116 2,729 499 299 1,487 +1,021 + 1 + 1 ~ 44 ~ 228 +120 + 7 + + 592 171 606 9 5 45 1 256 + + 1 2 13 - 1 4 l4 Form FR—284—b ASSETS AND LIABILITIES OF WEEKLY REPORTING MEMBER BANKS IN 101 LEADING CITIES ON MARCH 1, 1939 fin millions of dollars!' District Total Kansas MinneSt. RichPhilaAll Atlanta Chicago Louis apolis Boston City mond delphia districts San Francisco 2,178 594 3,182 570 8,585 1,128 1,847 642 4l0 3,247 306 842 310 154 257 247 970 3,773 313 799 250 65 30 1,461 129 652 180 22 21 228 9 21 171 3 7 482 29 36 179 3 6 76 4 1 153 18 5 I63 1 3 331 21 14 523 1,136 92 1,550 24 80 2 119 242 196 75 492 32 53 2 100 26 169 1 188 13 27 1 84 78 99 3 115 12 49 6 55 7 T w 59 10 23 1 47 l4 20 46 49 379 1 175 Treasury bills Treasury notes U. S. bonds Obligations guaranteed by U. S. Gov't Other securities 4l6 2,531 5,196 2,019 3,246 5 94 305 43 132 108 961 1,804 1,125 1,340 199 130 48 64 2 4l 111 50 84 236 461 929 248 466 3 73 149 63 102 23 64 296 91 267 16 254 548 110 277 49 110 16 40 2 102 113 53 134 11 . 74 78 42 54 10 159 623 130 286 Reserve with F. R. bank Cash in vault Balances with domestic banks Other assets - net 7,368 389 2,558 1,276 328 138 147 81 4,456 64 192 481 265 16 175 105 380 37 285 107 148 16 167 36 109 11 167 47 879 52 437 85 159 10 143 24 74 6 155 10 256 22 111 9 236 29 304 20 265 241 15,965 5,202 634 1,029 249 16 7,415 1,009 134 778 1,126 744 284 42 54 2,268 896 130 44l 189 20 266 119 28 363 181 4o 489 144 23 429 137 34 921 1,051 111 6,4l4 566 261 24 1 20 243 2,805 501 1 304 1,609 326 10 361 1 246 1 927 10 289 126 1 348 203 1 271 17 15 222 15 367 6 91 16 388 8 2 98 4 83 293 344 21,594 1,149 Loans - total Commercial, industrial, and agricultural loans Open market paper Loans to brokers and dealers in securities Other loans for purchasing or carrying securities Real estate loans Loans to banks Other loans 8,186 Loans and Investments - total T, T A B I L I T I E S Demand deposits-adjusted Time deposits U. S. Gov't deposits Inter—bank depositsi Domestic banks Foreign banks Borrowings Other liabilities CAPITAL ACCOUNTS 2 715 3,687 27 94 — 5 92 83 18 2 56 —
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