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STATEMENT FDR THE PRESS For immediate r e l e a s e ~ Board of Governors of t h e F e d e r a l Reserve System May 10, 1937 Condition of Weekly R e p o r t i n g Member Banks i n 101 Leading C i t i e s The c o n d i t i o n s t a t e m e n t of weekly r e p o r t i n g member banks i n 101 l e a d i n g c i t i e s on May 5 shows d e c r e a s e s f o r t h e week of $213,000,000 i n d e p o s i t s c r e d i t e d t o domest i c banks, 0167,000,000 i n b a l a n c e s with domestic banks, $118,000,000 i n r e s e r v e b a l a n c e s with F e d e r a l Reserve banks and 039,000,000 each i n demand d e p o s i t s - a d j u s t e d and Government d e p o s i t s , and i n c r e a s e s of $35,000,000 i n borrowings and '$3o,000,000 i n t o t a l l o a n s and i n v e s t m e n t s . Loans t o b r o k e r s and d e a l e r s i n New York City i n c r e a s e d $ 4 0 , 0 0 0 , 0 0 0 , l o a n s t o b r o k e r s and d e a l e r s o u t s i d e New York i n c r e a s e d 04,000,000 „ and l o a n s on s e c u r i t i e s t o o t h e r s ( e x c e p t banks) i n c r e a s e d $14,000,000. Holdings of a c c e p t a n c e s and commerc i a l p a p e r bought d e c l i n e d $12,000,000, r e a l e s t a t e l o a n s i n c r e a s e d $ 1 , 0 0 0 , 0 0 0 , and l o a n s t o banks i n c r e a s e d $28,000,000 i n t h e Ilex? York d i s t r i c t and >4,000,000 a a l r e p o r t i n g member banks. "Other l o a n s " i n c r e a s e d ^14,000,000. ^ Holdings of United S t a t e s Government d i r e c t o b l i g a t i o n s d e c l i n e d ^39,000,000 m t h e New York d i s t r i c t and $36,000,000 a t a l l r e p o r t i n g member b a n k s , and i n c r e a s e d #14,000,000 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 . Holdings of o b l i g a t i o n s f u l l y guaranteed by t h e United S t a t e s Government d e c l i n e d $10,000,000* Holdings of n 0uher s e c u r i t i e s * d e c l i n e d #13,000,000 i n t h e New York d i s t r i c t and #21,000,000 a t a l l r e p o r t i n g memb e r banks. . Demand d e p o s i t s - a d j u s t e d i n c r e a s e d $39,000,000 i n t h e New York d i s t r i c t , and d e c l i n e d $36,000,000 i n t h e Chicago d i s t r i c t and $39,000,000 a t a l l r e p o r t i n g member banks * Time d e p o s i t s d e c l i n e d $9,000,000. Government d e p o s i t s d e c l i n e d ^21,000,000 i n t h e Hew York d i s t r i c t and §39,000,000 a t a l l r e p o r t i n g member b a n k s . Deposits c r e d i t e d t o o t h e r domestic banks d e c l i n e d i n a l l d i s t r i c t s , t h e p r i n c i p a l d e c r e a s e s b e i n g $118,000,000 i n t h e New York d i s t r i c t and $29,000,000 i n t h e Chicago d i s t r i c t and t h e t o t a l d e c r e a s e b e i n g $213,000,000. These d e c r e a s e s i n b a l a n c e s c r e d i t e d t o o t h e r domestic banks were accompanied with w i t h d r a w a l s of tilo7,000,000 of b a l a n c e s with domestic b a n k s . Borrowings of weekly r e p o r t i n g member banks a g g r e g a t e d $38,000,000 a t t h e end of t h e week compared with $3,000,000 t h e week b e f o r e . Of t h e t o t a l i n c r e a s e , $29,000,000 was r e p o r t e d by New York banks. 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 t h e 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 y e a r ended May 5 , 1937, f o l l o w s i ( i n m i l l i o n s of do . l a r s ) Increase or decrease since May 6, Apr. 28, May 5, 1937 ASSETS Loans and i n v e s t m e n t s - t o t a l ' 1937 1936 22,240 +38 +343 1,115 226 +40 +4 +95 +14 2,054 +14 -29 Acceptances & commercial p a p e r bought Loans on r e a l e s t a t e Loans t o banks Other l o a n s 381 1,157 128 4,472 -12 +44 +i4 4*1 +40 +11 +27 +963 U. S. Gov't d i r e c t o b l i g a t i o n s O b l i g a t i o n s f u l l y 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 8,334 1,165 3,208 -36 -10 -21 -513 -113 -152 Reserve with F. R. banks Cash i n v a u l t Balances with domestic banks 5,307 337 1,797 —118 -17 -3.67 +849 -33 —445 15,349 5,149 233 -39 -9 -39 +1,089 +73 -521 5,224 521 38 -213 +14 +35 Loans t o b r o k e r s and d e a l e r s : In New York C i t y Outside New York C i t y Loans on s e c u r i t i e s t o o t h e r s (except banks) LIABILITIES 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. Government d e p o s i t s Inter-bank deposits: Domestic banks Foreign banks Borrowings . -267 +142 +38 (B-804) STATEMENT FOR THE PRESS ' Board of Governors of the Federal Reserve System May 6, 1937 Pgr immediate release ASSETS Aim LIABILITIES OF WEEKLY REPORTING MELIBER BANKS IN CENTRAL RESERVE CITIES (in millions of dollars) ASSETS Chicago New York (?ity 19 3 6 1 9 3 7 19 3 6 1 9 3 7 Hay 6 Apr. 28 May 5 May 5 Apr. 28 May 6 i 8,379 8,353 8,635 1,985 1,959 1,874 1,073 74 1,031 71 978 70 1 42 1 42 36 732 728 754 150 149 148 Acceptances & commercial paper bought Loans on real estate Loans to banks Other loans 104 129 79 1,623 113 129 51 1,621 153 133 68 1,177 22 lA 13 4i0 23. 15 7 408 17 15 5 270 U. S. Gov't obligations Obligations f u l l y guaranteed by U. S. Gov't Other securities 3,034 3,072 3,581 943 935 1,003 442 1,089 439 1,098 542 1,179 95 295 95 286 92 288 Reserve with F. R, bank Cash in vault Balances with domestic banks Other assets - net 2,430 55 71 477 2,562 58 71 478 2,119 50 81 505 595 30 162 64 657 31 167 66 622 35 186 73 Demand deposits - adjusted Time deposits U. S. Gov't deposits Inter-bank deposits* Domestic banks Foreign banks 6,333 658 66 6,324 671 86 6,12,6 602 196 1,438 448 84 1,498 451 88 1,379 462 101 1,983 481 2,101 465 2,2.91 347 553 6 581 6 581 4 Borrowings Other l i a b i l i t i e s Capital account 29 387 1,475 405 1,470 356 1,472 21 236 22 234 Loans and investments - t o t a l Loans to brokers and dealers: In New York City Outside Hew York City Loans on securities to others (except banks) L I .A B I L I T I E S —— (B-804) 32 231 ASSETS AND LIABILITIES OF WEEKLY REPORTING MEMBER BANKS IN 101 LEADING CITIES Oil MAY 5, 1937 ASSETS Loans and investments - t o t a l Loans to brokers and dealers i In New York City Outside New York City Loans on securities to others (except banks) Acceptances and commercial paper bought Loans on real estate Loans to banks Other loans U. S. Gov't obligations Obligations f u l l y guaranteed by U.S.Gov't Other securities Reserves with F. R. bank Cash in vault Balances with domestic banks Other assets - net (in millions of dollars) Total Reserve federal Districts RichSt. ClevePhilaMinne- Kansas New All Dallas d i s t r i c t s Boston York delphia land mond Atlanta Chicago Louis apolis City 1,181 1,884 22,240 1,288 9,271 1,115 226 17 27 1,082 76 9 17 2,054 381 1,157 128 4,472 8,334 1,165 3,208 l4l 88 84 5 337 427 22 140 857 123 240 79 1,792 3,271 481 1,270 5,307 337 1,797 1,334 254 69 102 87 15,349 5,149 233 5,224 521 38 909 3,592 632 561 — — 3,04l 666 B-804b San Francisco 383 691 481 2,161 6 1 1 4 3 3 19 15 4 7 3 47 136 25 61 2 202 349 89 291 220 16 179 4 261 857 59 273 72 10 27 2 127 269 48 73 53 5 26 4 180 176 33 77 212 42 77 17 576 1,467 167 433 73 11 45 8 149 218 51 105 29 10 6 2 117 161 12 45 50 20 19 1 158 257 45 136 145 186 27 54 168 30 371 4 428 696 131 311 2,567 71 197 555 301 16 137 90 337 38 164 107 138 18 126 4l 105 11 104 39 811 61 311 97 136 10 88 24 72 5 60 16 165 11 183 23 110 9 149 29 311 18 176 226 1,014 278 2 6,959 1,056 71 886 1,098 284 717 10 11 430 199 6 333 178 7 2,225 852 91 401 182 2 234 121 2 471 146 4 386 119 8 912 1,017 19 229 9 1 31 236 2,050 483 31 400 1,611 287 4 201 204 1 1 7 89 763 7 243 118 1 359 9 87 5 55 3 90 177 1 1 7 79 253 14 1 349 327 —— — 43 1 22 LIABILITIES Demand deposits-adjusted Time deposits U.S. Gov't deposits Inter-bank deposits; Domestic banks Foreign banks Borrowings Other l i a b i l i t i e s Capital account 340 1 — 25 228 21 343 — 3 24 92 — 28 355
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