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For immediate release JD—OVMFederal Reserve Board May 13, 1935. STATElvEMT PCS THE PRESS CONDITION OF WEEKLY REPORTING MEMBER BANKS IN LEADING CITIES The Federal Reserve Board's condition statement of weekly reporting member "banks in 91 leading c i t i e s on May 8 shows decreases for the week of $171,000,000 in total loans and investments, $171,000,000 i n net demand deposits, $17,000,000 in time deposits and $71,000,000 in Government d e p o s i t s , and an increase of $24,000,000 i n reserve balances with Federal Reserve banks. [ / -v > pL t p f 1 i e Loans on s e c u r i t i e s to brokers and dealers in New York declined $62,000,000 a t reporting member banks in the New York d i s t r i c t and at a l l reporting member banks; loans to brokers and dealers outside New York declined $5,000,000 each in the Boston and Chicago d i s t r i c t s and $14,000,000 at a l l reporting member banks; and loans on s e c u r i t i e s to others declined $8,000,000 in the New York d i s t r i c t , $6,000,000 in the San Francisco d i s t r i c t and $21,000,000 at a l l reporting banks. Holdings of acceptances and commercial paper bought in open market and real estate loans showed l i t t l e net changes f o r the week; and "other loans" declined $19,000,000 in the New York d i s t r i c t , $5,000,000 in the Boston d i s t r i c t and $19,000,000 at a l l reporting member banks, and increased $5,000,000 in the Cleve, land d i s t r i c t , Holdings of United States Government d i r e c t obligations declined $71,000,000 in the New York d i s t r i c t , $9,000,000 i n the San Francisco d i s t r i c t and $6,000,000 in the Philadelphia d i s t r i c t , and increased $30,000,000 i n the S t . Louis d i s t r i c t , $14,000,000 i n the Boston d i s t r i c t , $12,000,000 in the Dallas d i s t r i c t and $11,000,000 in the Chicago d i s t r i c t , a l l reporting member banks showing a net r e duction of $25,000,000 f o r the week; holdings of obligations f u l l y guaranteed by the United States Government declined §3,000,000; and holdings of other s e c u r i t i e s declined $35»000,000 in the New York d i s t r i c t and $25,000,000 at a l l reporting membar banks. Licensed member banks formerly included i n the condition statement of member banks in 101 leading c i t i e s , but not now included in the weekly statement, had t o t a l loans and investments of $1,253,000,000 and net demand, time and Government deposits of $1,457,000,000 on May 8, compared with $1,233»000,000 and $1,421,000,000, r e s p e c t i v e l y , on May 1. A summary of the principal a s s e t s and l i a b i l i t i e s of the reporting member banks, in 91 leading c i t i e s , that are now included in the statement, together with i changes for the week and the year ended May 8, 1935, follows; (In m i l l i o n s of d o l l a r s ) May 8. 1935 Loans and investments - t o t a l Increase or decrease since May 1.1935 May 9. 1934 18,518 -171 +1,189 Loans on s e c u r i t i e s - t o t a l To brokers and dealers: In New York Outside New York To others 7,015 -97 -539 819 170 2,026 -62 -14 -21 -54 -1 -484 Acceptances and commercial paper bought Loans on real e s t a t e Other loans 386 962 3,215 -l) -1) -19) U,S,Government d i r e c t o b l i g a t i o n s Obligations f u l l y guaranteed by U.S.Govt. Other s e c u r i t i e s 7,299 706 2,935 -25) Reserve with F. R. banks Cash i n vault 3,556 273 +24 +12 +863 +29 14,651 4,539 876 *-171 -17 -71 +2,443 +69 -153 1,792 4,354 -80 -159 *228 +679 Net demand deposits Time deposits Government deposits Due froti banks Due to banks from F. R. banks Digitized Borrowings for FRASER http://fraser.stlouisfed.org/ f i gofuSt. r eLouis s revised, (Boston Federal •May Reserve1Bank —— district) -5 +1,050 —— +683 -6 Federal Reserve Board May 9, 1935. Tor immediate release CONDITION OF WEEKLY REPORTING MEMBER BAMS IN CENfRAL RESERVE CITIES (In millions of d o l l a r s ) May 8 1915 May 1 1935 May 9 1934 Loans and investments - t o t a l 7,630 7,830 7.055 Loans on s e c u r i t i e s - t o t a l To "brokers and dealers: In Hew York Outside New York To others T-,584 1,655 1.71ft 769 57 75s 832 58 765 941 Acceptances and commercial paper "bought Loans on real e s t a t e Other loans 202 128 1,196 U. S. Government d i r e c t o b l i g a t i o n s Obligations f u l l y guaranteed by U.S.Govt. Other s e c u r i t i e s 3,221 260 1,039 Reserve with F. R. bank Cash in vault " W YOBK Z 203) 129) 1,214) 1,566 3, 2,727 1,044 1,679 42 1,699 4l 1,257 39 Net demand deposits Time deposits Government deposits 7,090 627 457 7,295 630 495 5,985 670 575 Due from bai ks Due to banks 73 1,867 70 1,994 78 1,593 Borrowings from F. R. bank 262) 1,077) - ~ CHICAGO Loans and investments - t o t a l Loans on s e c u r i t i e s - t o t a l ' To brokers and dealers: In New York Outside New York To others 1,571 1,560 1,439 202 : 210 289 2 2 20 4s 224 3 176 Acceptances and commercial paper bought Loans on real e s t a t e Other loans 26 16 249 24s) U. S. Government d i r e c t obligations Obligations f u l l y guaranteed by U.S.Govt. Other s e c u r i t i e s 760 79 238 746 79) 234) Reserve with F. R. bank Cash in vault 588 35 5 Net demand deposits Time deposits Government deposits Due from banks Due to banks U] 309 551 290 34 387 4l 1,559 1,560 452 38 1,280 365 30 224 509 266 516 172 391 4 P Borrowings from F. E. bank (B-804a) For immediate release PRINCIPAL ASSETS AND LIABILITIES OF WEEKLY REPORTING MEMBER BANKS IN LEADING CITIES, BY DISTRICTS, ON MAY g, 1935 (In m i l l i o n s of d o l l a r s ) Total Boston New York Loans and investments - t o t a l Phila- B-804b Federal Cleve- delphia land Richmond Reserve Atlanta Chicago St. District Minn- Kansas Louis eapolis City San Dallas Francisco 18,518 1.165 8,507 1.078 1,206 348 349 1,974 588 345 589 431 1,938 47 240 58 33 48 43 177 "4 54 2 31 2 3 43 1 1 4i 2 18 157 21 346 328 Loans on s e c u r i t i e s - t o t a l To brokers and dealers: In New York Outside New York To others 3,015 200 1,765 188 166 50 819 170 2,026 12 30 158 785 59 921 15 13 160 6 160 1 49 3 44 2 30 208 Acceptances and commercial paper "bought Loans on real e s t a t e Other loans 386 962 3,215 44 89 276 204 245 1,339 26 70 173 5 7 16 77 2 11 128 37 31 322 9 37 104 6 6 99 22 13 110 3 25 110 U. S. Government d i r e c t obligations 7,299 Obligations f u l l y guaranteed by U.S.Govt. 706 Other s e c u r i t i e s 2,935 366 l4 176 3,420 297 1,237 292 56 273 90 19 52 959 95 290 252 31 97 i4o 10 51 249 27 120 170 186 121 20 57 11 74 355 Reserve with F. R. banks Cash in vault 3,556 273 245 70 1,779 55 144 13 179 20 70 12 30 7 648 45 62 9 61 5 112 11 63 9 163 17 14,651 4,539 876 982 313 61 7,534 1,043 483 758 307 54 757 456 39 244 i4o 205 1,841 601 47 424 167 19 259 126 4 505 168 19 315 124 43 777 961 73 1,792 4,354 111 212 156 1,934 ISO 266 132 202 9|» 104 81 87 321 630 90 181 90 119 208 288 129 128 200 203 Net demand d e p o s i t s Time deposits Government deposits Dae from banks Dae to banks Borrowings from F. R. banks 149 U , 8 6
@FedFRASER