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Form F. R. 2Qk STATEMENT'FOR 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 11, ltykZ C o n d i t i o n of Weekly R e p o r t i n g Member Banks i n Leading C i t i e s * r 1 . The c o n d i t i o n s t a t e m e n t of w e e k l y r e p o r t i n g member b a n k s i n 101 l e a d i n g c i t i e s shows t h e f o l l o w i n g p r i n c i p a l changes f o r t h e week ended May 6 : Decreases of $ 7 7 , 0 0 0 , 0 0 0 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 , $ 2 5 6 , 0 0 0 , 0 0 0 i n r e s e r v e b a l a n c e s w i t h F e d e r a l Reserve Banks, $501^,000,000 i n demand d e p o s i t s a d j u s t e d , and $ 1 1 3 , 0 0 0 , 0 0 0 i n U n i t e d S t a t e s Government d e p o s i t s , and an i n c r e a s e of $20.ft,000,000 i n d e p o s i t s c r e d i t e d t o domestic b a n k s . 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 d e c l i n e d $53, 000,000 i n t h e Kansas C i t y D i s t r i c t and $ 7 7 , 0 0 0 , 0 0 0 a t a l l r e p o r t i n g member b a n k s . Holdings of T r e a s u r y b i l l s d e c l i n e d $ 3 6 , 0 0 0 , 0 0 0 i n New York C i t y and i n c r e a s e d $ 2 9 , 0 0 0 , 0 0 0 i n t h e Chicago D i s t r i c t ; t h e n e t i n c r e a s e a t a l l r e p o r t i n g member b a n k s was $ 1 0 , 0 0 0 , 0 0 0 . Holdings of c e r t i f i c a t e s of i n d e b t e d n e s s i n c r e a s e d $ 6 2 , 0 0 0 , 0 0 0 i n New York C i t y and $ 6 5 , 0 0 0 , 0 0 0 a t a l l r e p o r t i n g member b a n k s . Holdings of "Other s e c u r i t i e s " d e c l i n e d $ 6 6 , 0 0 0 , 0 0 0 i n New York C i t y and $ 5 0 , 0 0 0 , 0 0 0 a t a l l r e p o r t i n g member b a n k s . Demand d e p o s i t s ^ a d j u s t e d d e c l i n e d $1*02,000,000 i n Now Yoric C i t y , $ 5 7 , 0 0 0 , 0 0 0 i n t h e Chicago D i s t r i c t , $3^,000,000 i n t h e C l e v e l a n d D i s t r i c t , a n d $50)4., 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 $lj.9,000,000 i n t h e M i n n e a p o l i s D i s t r i c t . U n i t e d S t a t e s Government d e p o s i t s i n c r e a s e d $111,000,000 i n New York C i t y and d e c l i n e d i n a l l o t h e r 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 $ 7 6 , 0 0 0 , 0 0 0 i n t h e Chicago D i s t r i c t and $ 3 3 , 9 0 0 , 0 0 0 i n t h e San F r a n c i s c o D i s t r i c t ; t h e n e t d e c r e a s e a t a l l r e p o r t i n g member banks was $113,000,000. D e p o s i t s c r e d i t e d t o d o m e s t i c banks i n c r e a s e d $5^,000,000 i n t h e Kansas C i t y D i s t r i c t , $ 1 ^ 6 , 0 0 0 , 0 0 0 i n t h e Chicago D i s t r i c t , $37,000,000 i n In~w York C i t y , and $ 2 0 5 , 0 0 0 , 0 0 0 a t a l l r e p o r t i n g member b a n k s . 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 momber' 1s$utks> and of d e b i t s t o demand d e p o s i t a c c o u n t s , f o l l o w s t ( I n m i l l i o n s of d o l l a r s ) I n c r e a s e or d e c r e a s e since May A p r i l 29, May 7, 6, 19U2 19ll 1942 A S S E T S Loans and I n v e s t m e n t s - t o t a l 31,135 Loans - t o t a l 11,008 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 6,&h9 Open market p a p e r 407 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 I456 Other l o a n s f o r p u r c h a s i n g or c a r r y i n g s e e s . 593 Real e s t a t e l o a n s 1,214.5 Loans t o banks 25 0tiicr l o a n s 1,833 - 70 +3,53li + - +1,116 +1,081 + 51 + 12 I49 + 11 11 + 21 86 77* 2 15 2 1 5 1U* Treasury b i l l s T r e a s u r y c e r t i f i c a t e s of i n d e b t e d n e s s Treasury n o t e s 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. Government Other s e c u r i t i e s 1,068 676 2,352 9,696 2,679 3,656 + 10 + 65 - li - 9 + h - 50 + 137 + 676 + II4I4 +1,925 - U32 32 Reserve w i t h F e d e r a l Ruserve Banks Cash i n v a u l t Balances w i t h d o m e s t i c banks 9,61t6 516 3,2148 -256 - 19 + 31 -1,178 16 - 189 214,851 5,127 1,410 -50I4 + 6 -113 +1,238 - 313 + 992 8,892 66p h +205 + 8 - h - 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. Government d e p o s i t s I n t e r b a n k depos i t s : * domestic banks Foreign banks Borrowings ITeFits^c" Te man d~~depo*sFtccounts except; i n t e r b a n k and U»S.Gov't a c c o u n t s , d u r i n g t h e c u r r e n t week 10,6I4O + 269 1 2 * A p r i l 2Q f i g u r e s r e v i s e d (vhicago -District) Form F.R. 2 8 ^ - a ST^TmaJT FOR THE PRESS For imtaediate r e l e a s e _ * _ _ _ _ Board of Governors of t h e F e d e r a l Reserve System May J , I9I4.2 « _ . CONDITION OF WEEKLY REPORTING MEMBER BANKS IN CENTRuL RESERVE CITIES ( I n m i l l i o n s of d o l l a r s . ) ' May 6, w A S S/B T Jew York C i t y " I n c r e a s e or decrease since ,ipr. May 7, 1942 1941 May 6, 1942 Chicago Increase or decrease since Apr. 2 9 , May 7, 1942 1941 S 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 paper Loans t o b r o k e r s and d e a l e r s Other l o a n s f o r p u r c h a s i n g or c a r r y i n g 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 l o a n s 2,828 * 23 +251 494 89I 6 +124 491 14 19 693 13 29 - 7* «f 1 +133 - 12 - 2 49 23 - 1 84 4» 1* + + 28 + 3 - 33 + 78 + 12 +112 12,560 - 13 +1,038 3.738 * 17 + 2,614 81 336 + 4 + 5 *20 + + - 1 - Ihl 10b 23 439 5 6 * 19 10 6 33 - - - - - + - - 5 2 •» — 8 Treasury b i l l s T r e a s u r y c e r t , of i n d e b t . Treasury notes U, 3, bonds Obligations guaranteed by U. S. Government Other s e c u r i t i e s 335 335 1,445 3,881 - 36 + 62 - 7 + 19 + + + 124 335 11 670 •267 78 134 950 1,451 1,333 - 2 - 66 + 356 8 110 398 Reserve w i t h F . R, Bank Cash i n v a u l t Balances w i t h d o m e s t i c banks Other a s s e t s - n e t 4,4oi 79 30 319 -173 6 - 2 - 45 -1,399 7 6 10 1,141 30 315 40 - 51 - 1 - 3 . - 1 + 19 - 11 + 30 - 5 10,1-69 6 8 it 959 -402 - 6 *111 + 674 47 940 2,385 459 112 - 1 7 +261 - 41 + 12 3,230 591 + 37 + 10 - 601 6 1,083 9 Borrowings Other l i a b i l i t i e s CAPITAL ACCOUNTS 2 265 1,547 * 2 - 1 + 10 + + D e b i t s t o demand d e p o s i t a c c o u n t s , e x c e p t i n t e r b a n k and U. S. G o v ' t a c c o u n t s , d u r i n g c u r r e n t week 4,507 —— —- - 2 - 32 - 10 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. Government d e p o s i t s Interbank d e p o s i t s : Domestic banks Foreign banks 2 27 29 «*•— - 62 + 44 - - mm m 21 285 + 31 + 1 —— •m mm + + 1 1 + k 4- 16 1,080 • A p r i l 29 f i g u r e s r e v i s e d . Form. F . K# 284~b A S S E T S Loans and Investments - t o t a l Loans - t o t a l Comm* 1,ind*l»and agr*1 loans Open market pager Loans t o brokers & d e a l e r s i n s e e s . uther loans f o r purchasing or c a r r y i n g s e c u r i t i e s h e a l e s t a t e loans Loans t o banks Other loans ASSETS- AND LIABILITIES OF WEEKM -REPORTHG'EBMBWMWKS -IN 101'LEADING CITIER, MAY 6 , igi|2 (In m i l l i o n s of v.oHa: 3) ^ e D s , r i Total F e d e r t~ i u s e r r ^ g - t T .! M i n B e " . Kansas San Hew rpEIla-™TvTev>" [ D - h Dallas |Atl«ta|ChioagojLoula ( c i t y d i s t r i c t s Boston York d e l p h i a j land Francisco mond - 51,135 11,008 6,649 1*07 It 56 393 1,245 25 1,833 1,626 798 447 no 12 n 75 1 159 62 13,715 4,134 2,772 89 3ho 183 192 23 535 1,^23 513 295 • 36 26 32 49 105 866 32 16 934 332 162 20 4 17 183 12 53 2,484 883 h3h 394 222 7 5 4,443 1,374 935 36 33 976 427 256 23 4 489 250 136 3 1 56 146 10 59 5 16 168 75 89 79 —• — 201 81 35 47 19 49 186 61 110 318 124 222 1,482 308 615 56 14 42 266 56 115 9 14 148 28 '40 30 15 48 147 85 123 - - 1*37 55 137 1,515 4,230 1,51.7 l , 5u6 207 882 157 279 . 9,616 516 3,248 1,165 1457 118 171 73 1;, 587 106 198 402 490 26 188 69 693 57 345 89 290 30 230 46 198 19 236 47 1,533 75 602 75 254 15 191 21 128 8 124 14 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. &. Grovoriynent d e p o s i t s Interbank d e p o s i t s * Domestic banks Foreign banks borrowings Oth#r l i a b i l i t i e s ^ CAPITAL ACCOUNTS 24,854 5,127 1,1*10 8,892 660 4 816 3,947 1,553 216 29 345 24 1 24 253 11,111 1,048 993 3,316 592 3 272 1,673 1,362 1 , 9 8 7 172 698 20 1h 410 536 .2 6 758 200 23 395 593 191 25 436 2 3,693 940 155 1,463 11 647 184 25 492 353 • 105 19 • 213 l D e b i t s t o demand d e p o s i t a c c o u n t s e x c e p t interbank and U.S. G o v ' t a c c o u n t s , during current week 10,64o 631 . 4,855 9.696 2,679 3,656 Reserve w i t h F . It. Banks 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 ho hi 399 3hh — hi —- - - - - 13 219 27 398 his 740 1 - - —- 689 342 243 3 3 • 2,650 12 22 35 386 59 182 1,139 510 17 9 —— * - —- 8 12 75 341 98 68 1,068 676 2,352 9 < 33 8 31 1 120 15 1I4 25 475 92 259 Treasury b i l l s Treasury c e r t , of indebtedness Treasury n o t e s U» S . bonds O b l i g a t i o n s guaranteed by U.S.Gov*t Other s e c u r i t i e s 840 392 237 31 3 35 14 • 41 154 38 65 63 30 67 398 154 299 278 16 : 359 19 189 15 292 32 549 31 312 278 670 134 25 567 635 129 31 321 1 1,492 1,110 51 398 21 — - - - 51 103 19 100 28 438 7 102 7 65 5 113 6 94 359 389 325 287 1,673 286 199 298 246 622
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