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Form FR-284 STATEMENT FOR THE PRESS For immediate release Board of Governors of the Federal Reserve System May 1, 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 April 26: A decrease of 414,000,000 in commercial, industrial and agricultural loans, and increases of $157,000,000 in reserve balances with Federal Reserve banks and $123,000,000 in demand deposits—adjusted. Commercial, industrial and agricultural loans decreased $6,000,000 in New York City, $5,000,000 in the Chicago district and $14,000,000 at all reporting member banks. Loans to banks decreased $14,000,000 and loans to brokers and dealers $5,000,000. Holdings of Treasury notes increased $21,000,000 in the Chicago district and $10,000,000 at all reporting member banks, and decreased $12,000,000 in New York City. Holdings of United States Government bonds decreased $31,000,000 in the Chicago district and $13,000,000 at all reporting member banks, and increased $14,000,000 in New York City, Holdings of "Other securities" decreased $6,000,000, Demand deposits—adjusted increased $60,000,000 in New York City, $24,000,000 in the New York district outside New York City,$33,000,000 in the Chicago district, and $123,000,000 at all reporting member banks. Time deposits increased $17,000,000 in the San Francisco district, $10,000,000 in the Chicago district, and $22,000,000 at all reporting member banks. Deposits credited to domestic banks increased $54,000,000 in New York City and $14,000,000 at all reporting member banks. Deposits credited to foreign banks decreased $33,000,000 in New York City, Weekly reporting member banks reported no borrowings on April 26. A summary of the principal assets and liabilities of reporting member banks, together with changes for the week and the year ended April 26, 1939, follows: (in millions of dollars) Increase or decrease April since 26, April 19, April 27, 1939 1939 1938 ASSETS Loans and Investments — total 21,775 + 931 - 33 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 8,100 3,844 304 685 535 1,147 57 1,528 Treasury bills Treasury notes U, S,bonds Obligations guaranteed by U.S. Gov't Other securities 357 2,025 5,888 2,030 3,375 Reserve with Federal Reserve banks Cash in vault Balances with domestic banks 8,257 434 2,571 +157 + 17 - 14 +2,197 + 62 + 315 16,742 5,235 624 +123 + 22 - 4 +2,I44 + 5 + 39 6,590 639 + 14 - 31 + + + — + 24 14 1 5 2 2 14 10 + 10) - 13) — — 6 ~ + — + 487 343 89 33 56 2 . 47 17 + 283 + + 831 304 L I A B I L I T I E S Demand deposits—adjusted Time deposits U, S. Government deposits Inter—bank deposits: Domestic banks Foreign banks Borrowings — 958 302 — Form PR-284 STATEMENT FOR THE PRESS Board of Governors of the Federal Reserve System April 27, 1939 For Immediate release ASSETS AND LIABILITIES OF WEEKLY REPORTING MEMBER BASKS IN CENTRAL RESERVE CITIES (In millions of dollars) Ilew York City Increase or April decrease since 26, April 19 April 27 1938 1939 1939 Chicago Increase or decrease since April 26, April 19 April 27 1938 1939 1939 ASSETS Loans and Investments — total 8,059 — Loans - total 2,777 - 15 1,376 117 547 — 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 195 111 44 387 6 6 — - 4 + 354 — + + l - 15 + 9 — — — 532 + 2 231 27 31 358 — 15 31 + 1 68 13 — 49 33 8 1 — — 3 — — + — — + 2 1 — - 10 + - 1 5 + 580 + 114 127 + 347 + Reserve with F. R. bank Cash in vault Balances with domestic banks Other assets - net 4,831 59 73 382 + 94 + 5 - 1 + 1 +1,761 6 + + 3 — 87 886 28 225 50 7,428 624 106 + 60 — 6 +1,358 32 — 73 2,844 56o + 54 - 33 + + 30 - 78 — — 1,044 1,229 + 11). — 12) + ,14) + 47 Treasury bills Treasury notes U. S, bonds Obligations guaranteed by U.S. Gov't Other securities 181 727 2,101 16 310 9 7 35 32 - — 1,941 64 211 660 — - 12) 1) 8) + 1 2 + + 45 »: -f 32 •f 2 + 14 + 1 25 57 127 1 + 41 -f1 + L I A B I L I T I E S Demand deposits-adjusted Time deposits U, S. Gov't deposits Inter-bank deposits I Domestic banks Foreign banks Borrowings Other liabilities CAPITAL ACCOUNTS ' m • ••• 358 1,484 — •i •— + 18 — 495 264 — + + 23 2 1,554 + 18 483 + 10 83 723 + 12 • ••iii.il 16 259 4 + 162 19 33 - 4- 80 5 + • l — + 3 16 Forn FR-284-b ASSETS AND LIABILITIES OF WEEKLY REPORTING MEMBER BANKS IN 101 LEADING CITIES ON APRIL 26,'1939 (In pillions of dollars) District Reserve Federal Total San St. Kansas Dallas MinneCleve—iRichPhilaNew ALL Atlanta Chicago Boston Francisco CityLouis apolis land 1 mond delphia York districts 2,176 310 257 251 954 6 503 29 35 185 3 5 79 3 1 153 19 4 166 1 4 316 18 10 79 100 3 110 12 50 4 51 7 7 10 24 14 20 71 13 29 1 85 61 47 46 49 382 1 178 1 166 145 52 65 8 34 108 60 87 64 393 955 254 497 43 52 152 63 99 9 36 117 18 46 6 86 116 56 137 30 46 79 43 57 3 119 637 139 324 160 20 164 36 112 13 176 47 1,110 59 475 84 142 12 136 23 67 7 64 18 156 13 267 22 110 11 230 30 337 21 275 243 823 1,179 747 283 42 53 446 201 28 373 186 41 2,313 909 131 442 189 20 233 118 2 488 144 23 432 136 34 922 1,07% 110 331 13 362 1 250 252 1 965 12 282 122 1 359 201 — - 276 20 14 223 16 369 28 95 7 93 21 394 5 84 312 341 605 3,022 719 410 658 239 308 859 1,477 124 552 188 23 21 239 8 20 105 10 3 172 2 23 80 2 118 255 198 44 474 32 53 1 92 26 169 1 195 15 35 357 2,025 5,888 2,030 3,375 3 65 331 136 181 786 2,320 1,105 1,388 41 311 90 257 9 201 617 99 282 8,257 434 2,571 1,295 3S3 141 147 78 4,946 76 160 505 326 18 183 104 408 43 294 105 16,742 5,235 624 1,072 250 16 8,014 1,001 124 6,590 639 270 29 2,920 562 802 3,700 20 245 363 1,607 8,100 Loans - total Commercial, industrial, and 3,844 agricultural loans 304 Open market paper 685 Loans to brokers and dealers in securities Other loans for purchasing 535 or carrying securities 1,147 Real estate loans 57 Loans to banks 1,528 Other loans 572 3,124 261 64 24 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 511 668 1,153 Borrowings Other liabilities CAPITAL ACCOUNTS 658 8,904 1,109 1,866 21,775 L I A B I L I T I E S Demand deposit s-adjusted Time deposits U, S. Gov't deposits Inter-bank deposits $ Domestic banks Foreign banks 384 CO " H ASSETS Loans and Investments — total 16 — - — 6 93 — — 7 57 — — 3 99
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