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STATEMENT FOR THE PRESS B-804 F e d e r a l Reserve Board May 1%, i g ] 4 . For immediate r e l e a s e CONDITION OF WEEKLY REPORTING- MEMBER BANKS IN LEADING CITIES The F e d e r a l R e s e r v e B o a r d ' s 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 91 l e a d i n g c i t i e s on May 9 shows d e c r e a s e s f o r t h e week of $ 1 3 4 , 0 0 0 , 0 0 0 in loans and i n v e s t m e n t s , $ 1 3 , 0 0 0 , 0 0 0 i n n e t demand d e p o s i t s and $ 2 6 , 0 0 0 , 0 0 0 i n Government d e p o s i t s , and i n c r e a s e s of $ 1 0 5 , 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 and $ 1 6 , 0 0 0 , 0 0 0 i n time d e p o s i t s . Loans on s e c u r i t i e s d e c l i n e d $12^^)00,000 a t r e p o r t i n g member banks i n the New York d i s t r i c t and $ 2 3 , 0 0 0 , 0 0 0 a t / r e p o r t i n g member banks, while "All o t h e r " l o a n s show a n e t i n c r e a s e of $ 8 , 0 0 0 , 0 0 0 f o r the week. Holdings of U n i t e d S t a t e s Government s e c u r i t i e s i n c r e a s e d $ 2 4 , 0 0 0 , 0 0 0 a t r e p o r t i n g member banks i n the New York d i s t r i c t , and d e c l i n e d $ 1 2 , 0 0 0 , 0 0 0 i n the P h i l a d e l p h i a d i s t r i c t , $ 1 0 , 0 0 0 , 0 0 0 i n the D a l l a s d i s t r i c t and $ 7 , 0 0 0 , 0 0 0 each i n the Boston and S t , Louis d i s t r i c t s , a l l r e p o r t i n g member backs showing a n e t d e c r e a s e of $ 6 , 0 0 0 , 0 0 0 . H o l d i n g s of o t h e r s e c u r i t i e s d e c l i n e d $ 1 1 0 , 0 0 0 , 0 0 0 i n the New York d i s t r i c t and $ 1 1 3 , 0 0 0 , 0 0 0 a t a l l r e p o r t i n g banks, and i n c r e a s e d $ 6 , 0 0 0 , 0 0 0 i n the San F r a n c i s c o d i s t r i c t . L i c e n s e d member banks f o r m e r l y i n c l u d e d i n the c o n d i t i o n s t a t e m e n t of memb e r banks i n 101 l e a d i n g c i t i e s , b u t n o t now i n c l u d e d i n the weekly s t a t e m e n t , had t o t a l l o a n s and i n v e s t m e n t s of $ 1 , 0 0 4 , 0 0 0 , 0 0 0 and n e t demand, time and Government d e p o s i t s of $ 1 , l 4 l , 0 0 0 , 0 0 0 on May 9,compared w i t h $ 1 , 0 0 9 , 0 0 0 , 0 0 0 and $ 1 , 1 4 6 , 0 0 0 , 0 0 0 , r e s p e c t i v e l y , on May 2 . A summary of the 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 the r e p o r t i n g member b a n k s , i n 91 l e a d i n g c i t i e s , t h a t a r e now i n c l u d e d i n the s t a t e m e n t , t o g e t h e r w i t h changes f o r t h e week and the y e a r ended May 9, 1934, f o l l o w s : ( I n m i l l i o n s of d o l l a r s ) May 9 . 1 9 3 4 Loans and. i n v e s t m e n t s - t o t a l Loans - t o t a l On s e c u r i t i e s All other Investments - t o t a l U. S . Government s e c u r i t i e s Other s e c u r i t i e s R e s e r v e s w i t h F . B. banks Cash i n v a u l t Net demand d e p o s i t s Time d e p o s i t s Government d e p o s i t s Due f r o m banks Due to baaks Borrowings from F . E. Banks 17.32%' z8,12* 3,554 4,567* I n c r e a s e or d e c r e a s e s i n c e May 2, 1934 May 10.1933 -13^.' +1,010 -A -283 _2 -l6l -122 3 + x9 9,207 -119 +1,293 6,249 2,958 - 6 -113 +1,341 -48 2,693 244 +105 + 13 +1,157 + 33 12,208 4,470 1,029 - 13 + 16 - 26 +1,699 +152 +798 1,564 3,675 + 28 + 82 +309 +975 — — - 74 6 F e d e r a l Reserve Board May 10, 1934 For immediate r e l e a s e CONDITION OF WEEKLY REPORTING MEMBER BANES IN CENTRAL RESERVE CITIES ( I n m i l l i o n s of d o l l a r s ) May 9 -1214 May 2 -1924 May 10 1933 NEW YORK Loans and i n v e s t m e n t s - t o t a l Loans - t o t a l On s e c u r i t i e s All o t h e r Investments - t o t a l U. S. Government s e c u r i t i e s Other s e c u r i t i e s R e s e r v e s w i t h F . R. Bank Cash i n v a u l t Net demand d e p o s i t s Time d e p o s i t s Government d e p o s i t s Due from banks Due to banks 7,055 7,142 6, 790 3,284 3,290 3,305 1,71s 1,566 1,729 l,56l 1,711 1,594 3.771 3,852 3,485 2,727 1,044 2,699 1,153 2,357 1,128 1,257 39 1,194 37 797 38 5,935 670 575 5,975 668 588 5,425 723 112 78 1,593 83 1,522 81 1,251 777 162 8 802 163 9 54I 17 6 947 974 564 677 270 706 268 422 142 1 ,4^Q 1,433 1.147 59 S 595 634 289 309 292 303 335 2°9 %4i 838 513 551 290 547 291 313 200 387 4i 380 4o 179 45 1,280 365 30 1,274 364 31 852 352 9 172 391 165 385 204 253 Borrowings from F . R. Bank Loans on s e c u r i t i e s t o b r o k e r s and d e a l e r s : For own a c c o u n t For account of o u t - o f - t o w n banks For account of o t h e r s Total On demand On t i m e CHICAGO Loans and i n v e s t m e n t s - t o t a l Loans - t o t a l On s e c u r i t i e s All o t h e r Investments - t o t a l U. S. Government s e c u r i t i e s Other s e c u r i t i e s R e s e r v e s w i t h F . R. banks Cash i n v a u l t Net demand d e p o s i t s Time d e p o s i t s Government d e p o s i t s Due from banks Due to banks Borrowings from F . R. Bank (B-S04a) For immediate r e l e a s e PRINCIPAL ASSETS AND LIABILITIES OF WEEKLY REPORTING MEMBER BA^KS IN LEADING CITIES, BY DISTRICTS, ON MAY 9 , I93I* B-g04b ( i n m i l l i o n s of d o l l a r s ) To t a l Loans and i n v e s t m e n t s - t o t a l Loans - t o t a l On s e c u r i t i e s All other Investments - t o t a l U. S , Govt, s e c u r i t i e s Other s e c u r i t i e s R e s e r v e s w i t h 9 . R. Bank Cash i n v a i l t * Net demand d e p o s i t s Time d e p o s i t s Government d e p o s i t s Due f r o m "banks Due t o banks Borrowings from F . R. banks Boston New Federal ; P h i l a - I CIeve- j R i c h - j 'delphia J land 7.968 1.027 1.169 341 330 1,807 662 3.79S 501 43O 170 178 754 4,'Pit* 255 407 1.939 1.859 234 267 204 226 111 117 6l 343 411 9,207 489 4,170 526 739 173 152 6,249 317 172 2,901 1.269 286 240 546 193 122 100 2,958 51 52 337 2,693 234 1.304 51 124 118 48 12 19 29 423 11 6,384 656 607 219 135 8 81 88 244 12,208 4,470 1,029 1,564 3.675 JU31 49 842 342 320 94 1,092 607 52 454 44 133 206 1.655 138 150 223 103 179 59 ; St. A t l a n t a Chicago j York 17,32^ ^. 8,12^ I mond Reserve Louis District Minn- | Kansas i City 'eapolis 112 _ ,_.544_ Dallas i San iFrancisco .m. 1.771 156 201 186 277 74 - T 13k* 118 38 62 139 60 126 225 652 1,053 288 176 343 201 _S97 716 194 94 121 232 111 149 52 565 51 85 8 35 4 S3 75 169 1.510 341 133 164 198 122 25 6 409 168 20 270 121 21 490 43 82 72 238 480 91 146 77 95 176 224 131 6 55 11 8 4l 120 332 135 14 603 929 68 164 181
@FedFRASER