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Form FR-284 For immediate release STATEMENT FOR THE PRESS Board of Governors of the Federal Reserve System May 16, 1938 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 111 Decreases of $16,000,000 in commercial, industrial and agricultural loans and $51,000,000 in loans to brokers and dealers in securities? and increases of $16,000,000 in hold* ings of United States Government direct obligations, 022,000,000 in obligations fully guaranteed by the United States Government, and $148,000,000 in demand deposits-adjusted. . ^ Commercial, industrial and agricultural loans declined $6,000,000 m the Chicago district and $16,000,000 at all reporting member banks# Loans to brokers and dealers declined $47,000,000 in New York City and $51>000,000 at all reporting member banks. Loans to banks increased $12,000,000 in New York City. Holdings of United States Government direct obligations increased $16,000,000 in New York City and at all reporting member banks, and declined $9,000,000 in the Richmond district. Holdings of obligations fully guaranteed by the United States Government increased $19,000,000 in New York City and $22,000,000 at all reporting member banks. Holdings of "Other securities" declined $4,000,000. Demand deposits—adjusted increased $90,000,000 in New York City, $34,000,000 in the Chicago district, #15,000,000 in the San Francisco district and $11,000,000 in the Kansas City district, and declined $37,000,000 in the New York district outside New York City, all reporting member banks showing a net increase of $148,000,000 for the week. Time deposits declined $10,000,000 in New York City and $19,000,000 at all reporting member banks. Government deposits declined $17,000,000 in Mew York City and $22,000,000 at all reporting member banks. Deposits credited to domestic banks declined $42,000,000, the decrease being distributed among a number of districts. Deposits credited to foreign banks declined $10,000,000 in New York City. Weekly reporting member banks reported no borrowings on May 11.^ A summary of the principal assets and liabilities of the reporting member banks, together with changes for the week and the year ended May 11, 1938, followst (in millions of dollar^) , Increase or decrease since May 12, May 4, 1937 1938 ASSETS -1,395 20,810 -32 Loans and Investments - total -1,080 —66 8,451 Loans — total Commercial, industrial, and agricultural loansI -2) 559 On securities -73 -14) 3,551 Otherwise secured and unsecured -118 -5 385 Open market paper -739 -51 595 Loans to brokers and dealers in securities -151 -4 589 Other loans for purchasing or carrying securities +2 -9 1,152 Real estate loans 2 +13 120 Loans to banks -2) 690 Other loans I On securities +12 810 -3) Otherwise secured and unsecured -306 +16 8,017 U. S. Government dircct obligations +180 +22 1,3^4 Obligations fully guaranteed by U. S, Gov't -189 —4 2,998 Other securities +642 +58 6,001 Reserve with Federal Reserve banks + 42 +30 391 Cash in vault +494 +11 2,277 Balances with domestic banks LIABILITIES -778 +148 14,598 Demand deposits-adjusted +6 -19 5,207 Time deposits +339 -22 546 U, S, Government deposits +496 —42 5,678 Inter-bank deposits* Domestic banks -224 -12 316 Foreign banks ~l6 Borrowings Form FRr-284-a STATEMENT FOR THE PRESS Board of Governors of the Federal Reserve System May 12, 1938 For immediate release ASSETS AND LIABILITIES OF WEEKLY REPORTING MEMBER BANKS IN CENTRAL RESERVE CITIES (in millions of dollars) Chicago New York City 19 3 8 19 3 7 19 3 8 19 3 7 May 111 May 4 May 12 May 11 May 4 May 12 ASSETS Loans and Investments - total 7,694 7,702 8,322 1,830 1,838 1,994 Loans - total 3,018 3,056 3,805 551 556 650 21 348 22 27 22) 350) 22 28 65 12 66 12 Commercial, industrial, and agricultural loans* On securities Otherwise secured & unsecured Open market paper Loans to brokers and dealers Other loans for purchasing or carrying securities Real estate loans Loans to banks Other loans* On securities Otherwise secured & unsecured 228 1,3*8 143 468 230) 1,607 515 159 1,133 206 118 92 207 118 80 284 130 80 218 197 219) 198) 412 21 35 423 29 42 81 14 3 58 U. S. Gov't obligations Obligations fully guaranteed by U. S. Gov't Other securities 3,076 3,060 3,027 869 873 953 541 560 1,040 1,045 434 1,056 116 294 116 293 95 296 Reserve with F. R. bank Cash in vault Balance with domestic banks Other assets - net 2,957 2,926 50 51 65 67 48 8 481 2,480 55 72 481 798 29 198 52 771 28 192 51 599 31 158 64 6,037 5,947 643 633 165 148 6,33f 704 53 l,4o4 1,376 464 464 116 116 1,485 449 81 2,353 2,359 287 277 1,936 502 653 7 654 7 568 6 321 336 1,488 1,487 8 19 393 1,476 t 244 19 244 21 236 LIABILITIES Demand deposits — adjusted Time deposits U, S. Gov't deposits Inter-bank deposits* Domestic banks Foreign banks Borrowings Other liabilities Capital account Form FR— 284~b ASSETS AND LIABILITIES OF WEEKLY REPORTING MEMBER BANKS IN 101 LEADING CITIES ON MAT 11, 1938 (In millions of dollars) ASSETS 20,810 Loans and Investments - total 8,451 Loans — total Commercial, industrial, and. agricultural loans: 559 On securities 3,551 Otherwise secured & unsecured 385 Open market paper 595 Loans to brokers and dealers in securities Other loans for purchasing or 589 carrying securities 1,152 Real estate loans 120 Loans to banks Other loans* 690 On securities 810 Otherwise secured and unsecured 8,017 U. S. Gov't obligations Obligations fully guaranteed by U*S,Gov't 1,344 2,998 Other securities 6,001 Reserve with F. R. bank 391 Cash in vault 2,277 Balances with domestic banks 1,293 Other assets — net LIABILITIES 14,598 Demand deposits—adjusted 5,207 Time deposits 546 U. S. Gov't deposits Inter—bank depositsJ 5,678 Domestic banks 316 Foreign banks Borrowings 785 Other liabilities 3,642 Capital account Reserve Federal 1 Srii** Minne- Kansas Ra.cnIlew Fnila— CleveAtlanta Chicago Lorn, i apolis City Dallas ! tYaacisco mond York delphia land Total All districts 1,161 612 8,546 1,105 3,420 437 1,730 693 616 239 552 282 2,846 860 661 293 362 153 627 243 480 230 2,124 989 37 24-5 75 21 241 1,448 155 476 48 158 24 15 48 234 13 21 13 95 10 3 11 l4o 3 6 39 474 39 31 44 130 9 5 9 63 5 1 16 132 19 3 10 137 2 2 43 295 31 11 32 83 3 278 224 92 34 58 2 37 172 2 16 31 1 16 28 4 76 89 5 12 47 7 7 6 — 12 21 1 l4 20 1 55 373 2 55 61 394 25 130 308 114 145 74 248 258 3,317 122 44 703 84 250 346 39 242 101 28 42 285 33 59 138 19 137 35 26 48 154 39 77 98 12 132 37 44 63 1,203 3,072 67 152 579 48 50 313 88 267 271 18 149 83 11 28 219 55 94 135 11 119 23 11 51 154 15 40 67 6 98 16 12 27 230 42 112 155 13 252 22 10 34 171 30 49 93 11 206 25 75 104 709 134 292 319 20 241 213 1,023 410 198 12 327 182 23 2,118 396 186 23 238 12 784 288 20 1,007 263 6,576 1,030 155 468 144 18 393 130 25 858 1,061 91 232 9 2,426 279 286 5 328 1 209 203 1 859 8 246 124 1 180 22 241 606 333 1,617 16 227 734 18 18 352 23 93 5 90 1,368 193 425 999 61 4o4 85 872 144 23 371 —• mm 8 90 — 119 5 6 56 — —» — — 243 12 —— *—» — — — 342 3 94 5 82 ~ 323 329
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