The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
Form FR—284 For immediate release STATEMENT FOR THE PRESS Board of Governors of the Federal Reserve System May 2, 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 April 27* A decrease of $21,000,000 in commercial, industrial and agricultural loans, and an increase of $28,000,000 in loans to brokers and dealers in securities; increases of $80,000,000 in reserve balances with Federal Reserve banks, of $68,000,000 in balances with domestic banks, and of $147,000,000 in demand deposits-adjusted and $88,000,000 in deposits credited to domestic banks. . Commercial, industrial and agricultural loans declined $19,000,000 m New York City and $21,000,000 at all reporting member banks. Loans to brokers and dealers in securities increased $20,000,000 in New York City and $28,000,000 at all reporting member baides. . Holdings of United States Government direct obligations declined $43,000,000 in the Chicago district, and increased $19,000,000 in the San Francisco district, $12,000,000 in the Boston district and $11,000,000 in the Richmond district, all reporting member banks showing a net increase of $10,000,000 for the week. Holdings of obligations fully guaranteed by the United States Government increased $26,000,000 in New York City and $12,000,000 in the Cleveland district, and declined $12,000,000 in the New York district outside New York City, all reporting member banks showing a net increase of $20,000,000 for the week. Holdings of "Other securities" declined $8,000,000 in New York City, and increased $10,000,000 in the Chicago district and $3,000,000 at all reporting member banks. . Demand deposits-adjusted increased $46,000,000 in New York City, ^55,000,000 in the Chicago district, $15,000,000 in the Boston district, $13,000,000 in the Philadelphia district and $1-47,000,000 at all reporting member banks. Time deposits increased $14,000,000 in the San Francisco district and $9,000,000 at all reporting member banks# Government deposits declined $21,000,000 in New York City# Deposits credited to domestic banks increased $55,000,000 in New York City, $27,000,000 in the Chicago district and $88,000,000 at all reporting member banks. Weekly reporting member banks reported no borrowings on April 27* A summary of the principal assets and liabilities of the reporting member banks, togetherfrithchanges for the week and the year ended April 27, 1938, followsI I in millions oi aonarsV Increase or decrease since April April 28, April 20, 27, 1937 1938 1938 A S S E T S +35 20,844 Loans and Investments — total +2 8,587 Loans - total Commercial, industrial, and agricultural loans I 546 On securities -21 3,641 Otherwise secured and unsecured 393 Open market paper +28 652 Loans to brokers and dealers in securities +1 591 Other loans for purchasing or carrying securities +1 1,149 Real estate loans —6 104 Loans to banks 695 Other loans* On securities +5 816 Otherwise secured and unsecured +10 7,987 U, S. Government direct obligations +20 1,199 Obligations fully guaranteed by U.S Gov't +3 3,071 Other securities +80 6,060 Reserve with Federal Reserve banks +42 372 Cash in vault +68 2,256 Balances vsith domestic banks L I A B I L I T I E S +147 14,598 Denand deposits-adjusted +9 5,230 Tine deposits -20 585 U. S. Government deposits +88 5,632 Inter-bank deposits: Domestic banks +7 337 Foreign banks -7 Borrowings •^Comparable figures not available, -1,358 -84l * * * -645 * -7 +20 *. * -383 +24 -158 +635 +18 +292 -790 +72 +313 +195 -170 -3 Form FR-284-a STATEMENT FOR THE PRESS Board of Governors of the Federal Reserve System April 28, 1938 For immediate release ASSETS AND LIABILITIES OF WEEKLY REPORTING MEMBER BANKS IN CENTRAL RESERVE CITIES (in millions of dollars) Wow York Citv 1 Chicago 1 9 3 7 1 9 1 7 1 9 3 8 19 3 8 Apr. 271 Apr, 20 Apr, 28 Apr. 27|Apr. 20 Apr, 28 ASSETS Loans and Investments — total 7,705 7,681 8,353 1,863 1,887 1,959 Loans - total 3,087 3,090 3,744 581 579 643 215 1,392 144 516 2l4 1/12 146 •496 * * 22 22 204 201 79 83 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 * 1,102 * 369 23 32 369 24 66 68 22 35 21 35 12 * * * 28 43 12 15 7 118 129 51 219 200 221 199 * * U. S. Gov't obligations Obligations fully guaranteed by U. S. Gov't Other securities 3,039 3,030 3,072 890 928 935 464 1,115 438 1,123 439 1,098 102 290 101 279 95 286 Reserve with F. R, bank Cash in vault Balance with domestic banks Other assets - net 3,070. 3,007 50 53 70 67 469 473 2,562 58 71 478 759 27 184 51 690 21 173 49 657 31 167 66 6,070 6,02-4 1,392 464 1,350 464 1,498 451 179 656 200 6,324 671 2,3^9 296 2,29-4 2,101 465 643 7 623 7 581 6 335 1,482 331 1,482 405 1,470 I 19 243 18 242 22 234 118 * * L I A B I L I T I E S Demand deposits - adjusted Time deposits U. S. Gov't deposits Inter-bank deposits* Domestic banks Foreign banks Borrowings Other liabilities Capital account 656 291 86 116 116 88 ^Comparable figures not available* Form FRr-284—b ASSETS AND LIABILITIES OF WEEKLY REPORTING MEMBER BANKS IN 101 LEADING CITIES ON APRIL 27, 3.938 (in millions of dollars) District Reserve Federal Total San Kansas Dallas St. MinneRichCleveNew PhilaAll Atlanta Chicago Boston Francisco City apolis Louis mond land York delphia districts ASSETS 20,844 Loans and Investments - total 8,587 Loans - total Commercial, industrial, and agricultural loans* 546 On securities 3,64l Otherwise secured & unsecured 393 Open market paper 652 Loans to brokers and dealers in securities Other loans for purchasing or 591 carrying securities 1,149 Real estate loans 104 Loans to banks Other loans: 695 On securities 816 Otherwise secured and unsecured 7,987 U. S. Gov't obligations 1,199 Obligations fully guaranteed by U.S.Gov't 3,071 Other securities 6,060 Reserve with F. R.bank 372 Cash in vault 2,256 Balances with domestic banks 1,224 Other assets — net L I A B I L I T I E S 14,598 Demand deposits—adjusted 5,230 Time deposits 585 U. S. Gov't deposits Inter-bank deposits; 5,632 Domestic banks 337 Foreign banks Borrowings 794 Other liabilities 3,630 Capital account ,163 620 8,545 1,100 1,733 441 690 3,492 621 240 556 284 2,879 893 11 l4l 3 6 40 498 40 36 37 246 78 24 228 1,496 157 524 48 161 24 16 48 231 12 21 12 97 11 3 32 83 3 276 223 79 34 58 2 37 172 2 16 30 2 15 28 3 78 88 4 55 62 394 18 131 306 95 134 77 249 260 3,271 504 1,278 3,191 70 161 560 48 50 309 85 26 5 276 18 151 84 124 43 715 74 254 341 39 247 102 28 41 283 39 59 124 19 140 35 26 51 160 36 76 97 12 129 37 46 63 1,390 174 422 955 58 405 84 996 263 12 6,608 1,058 187 778 1,020 288 736 18 23 412 199 13 329 I83 23 2,120 872 145 231 10 2,420 297 291 6 318 1 200 200 1 844 8 23 240 347 1,610 16 227 18 351 6 89 23 369 — — 22 93 623 245 475 9 67 5 1 16 134 19 3 10 137 2 3 7 12 15 20 56 373 12 12 160 221 10 34 167 103 161 45 L35 10 5 47 6 10 28 211 49 96 143 11 121 23 23 6 54 14 42 59 8 21 1 27 45 112 231 28 49 153 13 16 258 22 101 11 201 26 220 467 6 73 42 298 32 10 75 706 133 287 314 20 236 208 119 7 144 18 394 330 25 853 1,053 91 121 343 178 240 13 7 56 94 82 5 316 329 1 90 2,117 991 377
@FedFRASER