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Forn FR-2G4 STATEMENT FOk THE PRESS For immediate release Board of Governors of the Federal Reserve System March 7, 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 2< A decrease of $21,000,000 in commercial, industrial and agricultural loans, and increases of $38,000,000 in loans to brokers and dealers in securities and §2.8,000,000 in "Other securities"; a decrease of $46,000,000 in reserve balances with federal Reserve banks? a decrease of $195,000,000 in demand" deposits-adjusted, and. an increase of $124,000,000 in deposits credited to domestic banks. Commercial, industrial and agricultural loans declined $8,000,000 in New York City, #6,000,000 in the Chicago district and #21,000,000 at all reporting member banks* Loans to brokers and dealers in securities increased $30,000,000 in New York City and $38,000,000 at all reporting member banks. Loans to banks increased 014,000,000 in New York City. Holdings of United States Government direct obligations declined ^56,000,000 in New York City and increased $42,000,000 in the Chicago district, all reporting member banks showing a net decline of $10,000,000 for the week. Holdings of obligations fully guaranteed by the United States Government increased $9,000,000 in New York City and at all reporting member banks. Holdings of "Other securities" increased $15,000,000 each in New York City and in the Chicago district and $28,000,000 at all reporting member banks. Demand deposits—adjusted declined in most of the districts, the principal decreases being $79,000,000 in New York City, $43,000,000 in the Chicago district, $36,000,000 in the San Francisco district and $17,000,000 in the Kansas City district* Time deposits increased $8,000,000 in the San Francisco district and $11,000,000 at all reporting member banks. Government deposits increased $32,000,000 in the Chicago district and $35,000,000 at all reporting member banks. Deposits credited to domestic banks increased in most districts, the principal increases being $43,000,000 in New York City and $34,000,000 in the Chicago district, and the aggregate net increase being $124,000,000. Borrowings of weekly reporting member banks amounted to $5,000,000 on March 2, compared with none the preceding week. A summary of the principal assets and liabilities of the reporting member banks, together with changes for the week and the year ended March 2, 1938,follows I lin miJJLions 01 aoxxart 1 Increase or decrease since Mar. Mar. 3, Feb. 23, 2, 1937 1938 1938 ASSETS -1,487 +64 21,231 Loans and Investments — total -188 +37 8,933 Loans - total Commercial, industrial, and agricultural loans; * -3 559 On securities * -18 3,798 Otherwise secured and unsecured * -5 431 Open market paper —494 +38 769 Loans to brokers and dealers in securities * +2 616 Other loans for purchasing or carrying securities +9 -2 1.158 Real estate loans -4 +15 82 Loans to banks * +2 73.3 Other loans« On securities * +8 807 Otherwise secured and unsecured -930 -10 8,137 U. S. Government direct obligations —49 +9 1.159 Obligations fully guaranteed by U. S. Gov't -320 +2.8 3,002 Other securities +456 —46 5,627 Reserve with Federal Reserve banks -95 -34 279 Cash in vault -16 -2** 2,039 Balances with domestic banks L I A B I L I T IE S -1,120 "195 14,381 Demand deposits-adjusted +93 +11 5,260 Time deposits +333 +35 673 U. S. Government deposits -431 +124 5,384 Inter-bank deposits: Domestic banks —54 -7 368 Foreign banks +3 +5 5 Borrowings _____ **Feb. 23 figures revised "^Comparable figures not available. (San Francisco district) > Form FR-284-a STATEMENT FOR THE PRESS Board of Governors of the Federal Reserve System March 3, 1938 For immediate release ASSETS AND LIABILITIES OF WEEKLY REPORTING MEMBER BANKS IN CENTRAL RESERVE CITIES (In millions of dollars) Chicago New York City 19 3 7 19 3 8 19 3 7 19 3 8 Mar. 2 Feb, 23 Mar. 3 Mar. 2 Feb. 23 Mar. 3 ASSETS Loans and Investments — total 7,833 7,826 8,691 1,995 1,940 2,117 Loans — total 3,281 3,242 3,611 618 620 613 220 1,478 163 578 * * * 23 390 28 * * * 39 27 389 29 40 71 12 1 71 12 1 * * 23 31 20 31 * * Commercial, industrial, and agricultural loans i On securities 221 Otherwise secured and unsecured 1,469 Open market paper 160 Loans to brokers and dealers 608 Other loans for purchasing or carrying securities 215 Real estate loans 126 Loans to'banks 54 Other loansi On securities 232 Otherwise secured & unsecured 196 212 . 1,060 * 126 128 56 232 193 * 40 48 14 5 U. S. Gov't obligations Obligations fully guaranteed by U. S. Gov't Other securities 3,071 3,127 3,466 998 956 1,132 420 1,061 All 1,046 1,162 452 101 278 100 264 96 276 Reserve with F. R. bank Cash in vault Balance with domestic banks Other assets - net 2,712 48 69 4-76 2,741 54 65 477 2,474 49 80 491 574 22 162 53 591 25 160 530 29 154 5,822 670 344 5,901 669 343 6,453 1,392 469 92 1,421 469 1,552 A55 36 2,137 328 2,094 332 2,294 385 586 563 6 595 5 5 344 1,488 338 1,486 353 1,477 17 242 16 240 20 233 66 61 L I A B I L I T I E S Demand deposits - adjusted Time deposits U. S. Gov't deposits Inter-bank deposits« Domestic banks Foreign banks Borrowings Other liabilities Capital account . 688 135 8 62 •Comparable figures not available. Form FRr-284-b ASSESS AND LIABILITIES OF WEEKLY REPORTING MEMBER BANKS IN 101 LEADING CITIES ON MARCH 2, 1938 (in millions of dollars) Total All Boston New York districts ASSETS 21,231 Loans and Investments — total 8,933 Loans — total Commercial, industrial, and agricultural loanst 559 On securities 3,798 Otherwise secured & unsecured 431 Open market paper 769 Loans to brokers and dealers in securities Other loans for purchasing or 616 carrying securitites 1,158 Real estate loans 82 Loans to banks Other loans t 713 On securities 807 0therm.se secured and unsecured 8,137 U. S. Gov't obligations 1,159 Obligations fully guaranteed by U.S.Gov't 3,002 Other securities 5,627 Reserve with F. R. bank 279 Cash in vault 2,039 Balances mth domestic banks 1,330 Other assets - net L I A B I L I T I E S 14,381 Demand deposits — adjusted 5,260 Tine deposits 673 U. S. Gov't deposits Inter-bank deposits: 5,384 Domestic banks 368 Foreign banks 5 Borrowings 805 Other liabilities 3,630 Capital account District Reserve 'ederal San Kansas Dallas MinneSt. RichClevePhilaAtlanta Chicago Francisco City Louis apolis delphia land mond 644 259 486 232 2,083 1,022 50 155 27 19 48 239 13 25 14 95 13 4 11 145 4 7 4l 525 47 44 48 l4l 10 4 9 72 7 1 17 145 19 3 10 139 2 2 40 319 34 19 288 232 54 35 58 3 38 173 3 16 30 2 15 28 2 85 88 4 13 47 7 9 6 12 21 1 14 20 57 372 2 263 259 3,291 469 1,225 2,853 63 154 49 53 301 90 260 247 123 29 44 40 781 282 60 32 255 61 333 149 207 123 103 34 48 58 1,484 189 412 785 51 352 86 11 27 198 49 98 143 9 121 23 12 51 168 l4 39 78 5 157 84 24 51 153 34 75 110 11 118 38 72 17 13 28 225 46 ll4 166 10 217 23 10 35 174 29 51 113 9 184 27 74 105 653 126 282 328 19 207 210 1,014 4o4 749 197 18 13 328 182 17 2,112 884 117 401 184 11 250 122 1 464 145 l4 400 130 21 846 1,035 63 331 211 204 1 790 9 256 123 1 341 182 240 13 5 89 20 367 7 56 3 93 5 81 320 330 37 247 82 27 234 1,576 173 6l4 34 83 4 57 56 427 21 606 16 992 2.65 23 6,400 1,086 770 281 23 215 10 2,208 283 4 25 239 388 167 243 449 36 127 79 653 308 706 3,693 130 322 3,025 9*1 549 287 8,678 1,100 1,205 627 352 329 5 356 1,618 16 227 1,802 618 34 16 1 17 349 23 92 — — 8 89 — —
@FedFRASER