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Form FR-234 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 13, 19-40 C o n d i t i o n 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 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 the week ended Hay 8 : A d ecreas e of $38,000,000 i n h o l d i n g s of "Other s e c u r i t i e s " , and i n c r e a s e s of §53?000,000 i n h o l d i n g s of U n i t e d S t a t e s T r e a s u r y b i l l s , $29,000,000 i n h o l d i n g s of United S t a t e s T r e a s u r y n o t e s , and $45,000,000 i n demand d e p o s i t s - a d j u s t e d . 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 r e a s e d $ 5 , 0 0 0 , 0 0 0 and l o a n s 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 d e c r e a s e d $8,000,000 a t a l l r e p o r t i n g member banks. Holdings of U n i t e d S t a t e s T r e a s u r y b i l l s i n c r e a s e d $52,000,000 i n Hew York C i t y and $ 5 3 , 0 0 0 , 0 0 0 a t a l l r e p o r t i n g member banks. Holdings of T r e a s u r y n o t e s i n c r e a s e d $27,000,000 i n New York City and $29,000,000 a t a l l r e p o r t i n g member banks. Holdings of U n i t e d S t a t e s Government bonds d e c r e a s e d $12,000,000 i n t h e Cleveland d i s t r i c t and $10,000,000 a t a l l r e p o r t i n g member banks. Holdings of o b l i g a t i o n s g u a r a n t e e d by t h e United S t a t e s Government i n c r e a s e d $18,000,000 i n New York City and S7,000,000 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 r e a s e d $ 4 5 , 0 0 0 , 0 0 0 i n New York City and $38,000,000 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 i n c r e a s e d $61,000,000 i n t h e M i n n e a p o l i s d i s t r i c t , and d e c r e a s e d $ 2 3 , 0 0 0 , 0 0 0 i n New York C i t y and $18,000,000 i n t h e Cleveland d i s t r i c t . The t o t a l i n c r e a s e a t a l l r e p o r t i n g member banks was $ 4 5 , 0 0 0 , 0 0 0 . Time dep o s i t s i n c r e a s e d $13,000,000* D e p o s i t s c r e d i t e d t o domestic banks i n c r e a s e d $13,000,000 i n t h e Chicago d i s t r i c t and $24,000,000 a t a l l r e p o r t i n g member b a n k s , and d e c r e a s e d $17,000,000 i n New York C i t y . D e p o s i t s c r e d i t e d t o f o r e i g n banks d e c r e a s e d 5 6 , 0 0 0 , 0 0 0 . 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 member b a n k s , t o g e t h e r w i t h changes f o r t h e week and t h e y e a r ended May 8 , 1940, f o l l o w s * May 8, 1940 A S S E T S Loans and I n v e s t m e n t s - t o t a l 23,576 Increase or decrease since May 10, May 1 , 1940 1939 + 34 +1,857 + + + + + 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 l o a n s Open market p a p e r Loans to 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 Other l o a n s f o r p u r c h a s i n g o r 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 8,654 4,404 331 618 473 1,193 51 1,584 Treasury b i l l 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. Gov't Other s e c u r i t i e s 646 1,900 6,486 2,434 3,456 53 29 10 7 38 10,851 479 3,185 32 Reserve w i t h F e d e r a l Reserve banks Cash i n v a u l t Balances w i t h domestic banks 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 Inter-bank deposits: Domestic banks F o r e i g n banks Borrowings 19,741 5,318 578 8,484 714 — — 7 5 5 l 6 1 3 8 8 + 569 552 36 4.5 64 44 9 55 + + + + 216 131 613 424 166 +2,514 + 50 + 618 + 45 + 13 +3>022 + 69 27 + 24 +1,884 + 72 2 — 6 - 1 Form FR-284 STATEMENT POP. THE PRESS Board of Governors of t h e F e d e r a l Reserve System LI ay 9 , 1940 For Immediate r e l e a s e ASSETS AMD LIABILITIES OF WEEKLY REPORTING MEMBER BAMS III CENTRAL RESERVE CITIES ( i n m i l l i o n s of d o l l a r s ) New York C i t y I n c r e a s e or decrease since May 8, May 1 , j Ma•y i o , 1940 | 1939 1940 May 3, 1940 Chicago Increase or decrease since May 1 0 , May 1 , 1940 1939 A S S E T S ,218 2,217 - 3 4- 227 + 208 578 - 1 4- 39 3 3 1 4- 298 4 40 403 18 30 44- - 1 — 44 3 6 ~" - 36 9 2 17 64 17 + l 3 — — — 51 224 381 267 160 710 4" Loans and I n v e s t m e n t s - t o t a l 9,174 + 53 Loans - t o t a l 2,958 — — Commercial, i n d u s t r i a l , and agricultural 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 1,676 111 477 160 120 44 370 + + — — — + 2 1 +1 - 4- — 46 Treasury b i l l 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. G o v ' t Other s e c u r i t i e s 237 944 2,500 + 52 + 27 + 1 1,296 1,239 + 18 — 45 + 273 81 141 361 Reserve .with F. R. 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 6,235 77 82 353 -101 + 3 + 1 + 2 +1 ,347 422 + 8 32 1,074 35 256 47 9,059 658 44 - 23 - 2 +1,599 + 36 52 1,818 505 84 3,707 655 - 17 — 4 4- + 4- + — 2 ~ + 4 4 2 + 127 52 83 + + 12 18 + + + 216 6 35 2 — + + + 258 21 11 1-4 + 202 3 + 2 9 3 1 2 -* 4- — 4 + 19 + 3 - 3 - 1 - 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. G o v ' t d e p o s i t s Inter-bank deposits: Domestic banks F o r e i g n banks Borrowings Other l i a b i l i t i e s CAPITAL ACCOUNTS — —* *— + 921 92 942 9 — 295 1,503 + + 3 1 — + 46 13 17 254 — — — - 44— + 1 — 1 1 — Form FR—284-b ASSETS AND LIABILITIES OF V7EEKLY REPORTING EEEB5R BANKS III 101 LEADING CITIES ON MAY 8 , 1940 ( i n m i l l i o n s o± rio'i 1 Federal. Re serve D i s t r i c t Total San Minnea-j Kansas New | P h i l a - vie . u- i R i c h - A t l a n t a Chicago S t . All Dallas Boston Francisco p o l i s | City Louis York j d e l p h i a l a n d jiuond districts A S S E T S Loans and I n v e s t m e n t s - t o t a l 23,576 Loans - t o t a l 8,654 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 >4,404 Open market p a p e r 331 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 618 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 473 Real e s t a t e l o a n s 1,193 Loans t o banks 51 Other l o a n s 1,584 Treasury b i l l s 646 Treasury n o t e s 1,900 U. S. bonds 6,486 O b l i g a t i o n s g u a r a n t e e d by IT#. S. G o v ' t 2,434 Other s e c u r i t i e s 3,456 10,851 Reserve w i t h F. R. bank 479 Cash i n v a u l t Balances w i t h domestic banks 3,185 Other a s s e t s - n e t 1,243 L I A B I L I T I E S 19,741 Demand d e p o s i t s - a d j u s t e d 5,318 Time d e p o s i t s 570 U. S. G o v ' t d e p o s i t s Inter-bank deposits* 8,484 Domestic b a n k s 714 F o r e i g n banks Borrowings Other l i a b i l i t i e s CAPITAL ACCOUNTS 747 3,752 694 331 413 200 562 38 36 188 11 5 75 117 108 267 290 1,033 276 529 1,395 68 580 81 12 54 1 60 57 33 152 69 108 174 12 180 22 419 191 44 2,678 967 135 316 1 1,247 10 12 94 22 396 1,191 10,021 1,164 1,923 692 631 620 3,303 446 709 270 299 68 20 1,791 118 482 213 30 25 276 8 20 19 81 1 132 16 38 338 50 129 527 143 173 75 212 196 44 460 246 980 2,734 1,372 1,386 6,401 96 215 485 32 50 1 95 543 20 212 83 24 174 2 205 11 156 637 124 286 611 46 329 98 1,222 236 14 9,725 1,036 68 1,018 263 54 349 20 3,806 656 20 248 301 1,626 2,241 306 525 271 102 4 1 181 24 4 176 2 5 336 13 12 7 11 10 29 43 384 29 115 22 47 117 7 94 15 58 18 68 92 70 1/0 196 16 304 23 13 23 1 51 25 40 83 47 59 137 12 302 29 471 191 17 293 117 2 532 145 24 477 137 31 1,043 1,085 108 357 168 1 424 267 1 318 19 4 88 305 348 750 303 3,331 936 122 11 3 158 4 5 15 42 141 162 52 67 195 22 251 38 11 32 1 97 1 35 113 69 105 144 13 238 51 1,348 748 47 515 202 34 451 5 467 1 314 15 216 16 380 37 96 —» —. 31 316 94 277 — — 77 — — — — — -T- 6 96 — — 75 — — 6 59 — — — 3 105 954 — — 166 5 59 711 189 323 411 24 307 243
@FedFRASER