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Form FR-284 STATEMENT FOR THE PRESS For immediate release Board of Governors of the Federal Reserve System May 15, 1939 Condition of Weekly Reporting Member Banks in 101 Leading Cities The condition statement of weekly reporting member banks in 101 leading cities shows the following principal changes for the week ended May 10* A decrease of $57,000,000 in holdings of "Other securities" and increases of $147,000,000 in reserve balances with Federal Reserve banks and $59,000,000 in .denand depositsadjusted. Commercial, industrial and agricultural loans increased $11,000,000 at all reporting member banks. Loans to brokers and dealers in securities increased $15,000,000 in Hew York City and at all reporting member banks. Holdings of Treasury bills increased $13,000,000 in the Chicago district and $8,000,000 at all reporting member banks. Holdings of Treasury notes increased $17,000,000 in the Cleveland district and $12,000,000 at all reporting member banks. Holdings of United States Government bonds decreased $18,000,000 in New York City, $13,000,000 in the Cleveland district and $27,000,000 at all reporting member banks. Holdings of obligations guaranteed by the United States Government decreased $17,000,000 in Hew York City. Holdings of "Other securities" decreased $60,000,000 in New York City and $57,000,000 at all reporting member banks. Demand deposits—adjusted increased $82,000,000 in New York City, $16,000,000 in the Chicago district, $13,000,000 in the Minneapolis district and $59,000,000 at a11 reporting member banks. Deposits credited to domestic banks decreased $14,000,000 in New York City and $27,000,000 at all reporting member banks. Deposits credited to foreign banks decreased $6,000,000 in New York City, Borrowings of weekly reporting member banks amounted to $2,000,000 on May 10. A summary of the principal assets and liabilities of reporting member banks, together with changes for the week and the year ended May 10, 1939, follows i Increase or decrease s:.nee May 11, May 3, 1938 1939 May 10, 1939 ASSETS Loans and Investments - total 21,719 — 66 + 909 Loans - total Commercial, industrial, and agricultural loans Open market paper Loans to brokers and dealers in securities Other loans for purchasing or carrying securities Real estate loans Loans to banks Other loans 8,085 3,852 295 663 537 1,149 60 1,529 + 14 + 11 - 7 + 15 - 2 + 1 - 4 - 366 - 258 90 4- 68 52 3 60 + 29 Treasury bills Treasury notes U. S. bonds Obligations guaranteed by U. S. Gov't Other securities 430 2,031 5,873 2,010 3,290 + + - 8) 12) 27) 16 57 Reserve with Federal Reserve banks Cash in vault Balances with domestic banks 8,337 429 2,567 +147 + 19 - 8 16,719 5,249 605 59 1 11 +2,121 + 42 + 59 6,600 27 5 1 + + + L I A B I L I T I E S Demand deposits-adjusted Tige deposits U. ^3. Government deposits Inter—bank deposits I Domestic banks Foreign banks Borrowings 642 o — + 317 + + 666 292 +2,336 + + 38 290 922 326 2 Form FF.-284 STATEMENT FOR THE PRESS Board of Governors of the Federal Reserve System May 11, 1939 For immediate release ASSETS AND LIABILITIES OF WEEKLY REPORTING MEMBER BANKS IN CENTRAL RESERVE CITIES (In millions of dollars) New York City Increase or May decrease since May May 11, 10, May 3, 10, 1939 1938 1939 1939 Chicago Increase or decrease since May 3, May 11, 1938 1939 ASSET S + Loans and Investments - total 7,956 *- 84 Loans - total 2,750 + 15 1,378 115 517 + 3 ~ 3 + 15 — ~ — Commercial, industrial, and agricultural loans Open market paper Loans to brokers and dealers Other loans for purchasing or carrying securities Real estate loans Loans to banks Other loans 196 111 46 387 1 — + — + 1 2 — 262 1,990 +26 + 268 539 + 8 — 198 28 49 359 15 36 — — ' 10 7 46 28 68 13 — + 5 + 3 12 + 10 7 9 + + 3 1 — — — — — - 8 48 51 140 212 627 +10) + l) + 3) •- 17 - 60 + 463 + 118 129 3-43 + 1 + 3 4,888 55 74 385 +143 + 1 +1 ,931 + 4 + 7 103 858 29 221 49 -17 + 1 - 7 ~ 1 7,460 622 96 + 82 + 2 - 6 +1,423 — 11 — 52 1,560 48473 4 9 2,786 563 — 14 - 6 + + 433 286 740 12 - 2 + + 20 2 15 263 — — — + 186 720 2,119 Treasury bills Treasury notes U. S. bonds Obligations guaranteed by U. S. Gov't Other securities 1,023 1,158 Reserve with F. R. bank Cash in vault Balances with domestic banks Other assets - net - 1) - 3) - 18) — — — 160 + 110 + 13 49 + 60 + 23 3 L I A B I L I T I E S Demand deposits—adjusted Time deposits U, S. Gov't deposits Inter—bank depositsi Domestic banks Foreign banks Borrowings Other liabilities CAPITAL ACCOUNTS — - 5 •f 156 20 — 43 — — — 341 1,490 — + 87 5 + + 2 4 19 ASSETS AND LIABILITIES OF WEEKLY REPORTING MEMBER BANKS IN 101 LEADING CITIES ON MAT 10, 1939 (Tn millions of dollars) — District Reserve Federal Total San Minne-1 Kansas Dallas New Phila- ICleve- Rich- Atlanta Chicago St. All Francisco Louis apolisI City Boston York delphiajland mond districts 2,165 ASSETS 512 659 367 716 3,077 605 1,157 8,791 1,112 1,880 21,719 Loans and Investments - total 950 261 253 157 311 865 308 659 411 3,099 569 8,085 Loans — total Commercial, industrial, and 167 313 155 78 188 504 173 240 190 257 1,481 3,852 17 agricultural loans 1 19 2 3 29 2 6 10 22 122 62 295 12 Open market paper 4 4 1 5 40 6 20 3 21 522 25 663 Loans to brokers and dealers in securities 48 Other loans for purchasing 14 10 7 13 79 13 26 15 256 33 23 537 21 383 or carrying securities 24 7 49 100 30 169 198 53 80 1,149 1 Real estate loans 4 1 3 2 1 46 2 60 177 46 48 Loans to banks 61 50 110 83 196 91 474 120 1,529 Other loans 1 6 30 1 42 144 8 8 186 3 430 121 84 43 Treasury bills 36 48 393 34 217 41 779 63 2,031 637 83 111 Treasury notes 115 152 926 107 615 309 343 2,331 5,873 140 46 57 U. S. bonds 15 5 6 258 61 98 54 •91 46 1,079 2,010 316 Obligations guaranteed by U.S. GovH 57 140 43 98 491 87 283 65 260 133 1,317 3,290 Other securities 116 341 168 88 142 1,082 113 406 334 388 5,000 8,337 21 11 14 7 Reserve with F. R. bank 12 61 12 41 20 18 72 140 429 285 230 260 98 Cash in vault 134 452 179 280 178 163 147 2,567 245 30 23 17 Balances with domestic banks 24 83 48 36 105 102 467 80 1,260 Other assets — net Form FR~284-"b L I A B I L IT I E S Demand deposits-adjusted Time deposits U. S. Gov't deposits Inter-bank deposits 1 Domestic banks Foreign banks 16,719 5,249 605 1,076 251 16 7,991 1,000 115 815 282 53 1,171 448 748 202 42 28 370 188 40 2,308 911 121 435 190 20 269 118 2 491 144 24 434 136 34 911 1,079 110 6,600 642 275 29 2,863 565 344 13 365 253 1 1 258 1 984 13 284 124 1 362 206 282 18 Borrowings Other liabilities CAPITAL ACCOUNTS 2 784 3,711 1 19 245 347 1,612 13 224 16 369 26 96 7 93 20 398 6 93 6 57 3 100 5 84 1 316 340
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