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Form FR-234 STATEMENT FOR THE PRESS For immediate release Board of Governors of the Federal Reserve System May 27, 1940 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 221 Decreases of $20,000,000 in commercial, industrial and agricultural loans and $58,000,000 in loans to brokers and dealers in securities, increases of $146,000,000 in reserve balances with Federal Reserve banks and $273,000,000 in demand deposits-adjusted, and a decrease of $128,000,000 in deposits credited to domestic banks# Commercial, industrial, and agricultural loans, decreased $9,000,000 in Hew York City and $20,000,000 at all reporting member banks. Loans to brokers and dealers in securities decreased $55,000,000 in Hew York City* Holdings of United States Treasury bills increased $14,000,000 in New York City and $23,000,000 at all reporting member banks* Holdings of Treasury notes increased $10,000,000. Holdings of United States Government bonds decreased $26,000,000 in the Cleveland district, $10,000,000 in the San Francisco district and $16,000,000 at all reporting member banks, and increased $18,000,000 in New York City. Holdings of "Other securities" increased $1-4,000,000. Demand deposits—adjusted increased $185,000,000 in Hew York City, $49,000,000 in the Chicago district, and $273,000,000 at all reporting member banks. Deposits credited to domestic banks decreased $61,000,000 in Hew York City, $22,000,000 in the Chicago district, and $128,000,000 at all reporting member banks. Deposits credited to foreign banks decreased $16,000,000 in New York City, A summary of the principal assets and liabilities of reporting member banks, together with changes for the week and the year ended May 22, 1940, follows t May 22, 1940 ASSETS 23,544 Loans and Investments — total 8,562 Loans - total 4,394Commercial, industrial, and agricultural loans 327 Open market paper 544 Loans to brokers and dealers in securities 47 4 Other loans for purchasing or carrying securities 1,193 Real estate loans Loans to banks 1,586 Other loans 673 Treasury bills 1,919 Treasury notes 6,513 U. S. bonds 2,389 Obligations guaranteed by U. S. Gov't 3,488 Other securities 11,196 Reserve with Federal Reserve banks 485 Cash in vault 3,269 Balances with domestic banks Increase or decrease since May 15, May 24, 1939 1940 — 4-8 - 81 - 20 - 1 - 58 + 1 + 2 + 1 +1,871 + 437 + 557 + 18 - 173 67 + 39 - 12 + 14* +146 + 13 - 15 75 279 113 4* 675 + 343 + 250 +2,720 + 55 + 562 20,201 +273 3 - 3 +3,246 + 65 + 2 8,486 692 1 -128 +1,839 + 53 + 10* - 16 + 2 + + L I A B I L I T I E S Demand deposits-adjusted Time deposits U« S. Government deposits Inter-bank deposits J Domestic banks Foreign banks Borrowings 5,312 577 - 17 *May 15 figures revised York district) v Form FR—28A STATEMENT FOR THE PRESS Board of Governors of the Federal Reserve System May 23, 1940 For immediate release ASSETS AND LIABILITIES OF WEEKLY REPORTING MEMBER BANKS IN CENTRAL RESERVE CITIES (in millions of dollars) - New York City Increase or decrease since May 22, May 15, May 24, 1940 1940 1939 'Chicago Increase or decrease since May 15, May 24, 1939 1940 May 22, 1940 A S S E T S 2,225 - 2 + 240 74 590 - 4 + 55 299 16 162 411 19 33 - 2 + + - 59 1 3 39 9 5 12 64 17 - — + 4 4 Loans and Investments - total 9,165 — 15 +1 ,225 Loans - total 2,869 - 67 + 1,671 107 403 9 1 55 + — Commercial, industrial, and agricultural loans Open market paper Loans to brokers and dealers 0 Vnsr loans for purchasing or carrying securities Real estate loans Loans to banks Other loans 160 120 37 371 - - + 1 - - - - 3 —* — — — + — — 46 — — - 1 1 — — — —• — — — — - 2 Treasury bills Treasury notes U. 8. bonds Obligations guaranteed by U. S. Gov't Other securities 2 58 962 2,547 + 14 + 6 + 18 + + + 93 235 42 6 261 159 714 1,268 1,261 + 9 5 + + 238 159 135 366 Reserve "with F. R. banks Cash in vault Balances viith domestic banks Other assets - net 6,499 81 87 362 4-111 + 4 1,119 37 282 47 + 19 + 1 + 13 + 13 +1 ,517 + 24 + 9 — 27 + 220 + 9 + 23 2 9,332 657 44 +185 -+ 1 +1,799 + 33 — 32 1,893 504 84 + 49 1 + 252 + 20 + 18 3,725 636 <*r 61 - 16 + + 952 7 - 15 - 1 + 216 7 * — - 1 — — + 3 — + 133 - 53 + 90 + — 10 25 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 298 1,502 - — - — 4 901 78 *•* + — — —' 47 16 16 254 - — ~ — 1 — - — 9 Form KR—284—b ASSETS A1ID LIABILITIES OF WEEKLY REPORTING MEMBER BANKS IH 101 LEADING CITIES OH MAY 22, 1940 (In millions of dollars) Federal Reserve District Total San Richr- Atlanta Chicago St. Minnea-1 Kansas Dallas CleveNew Phila— All Francisco Boston York Louis apolis j City delphia land mond districts ASSETS 23,544 1,191 10,018 1,172 1,898 691 Loans and Investments - total 711 270 446 8,562 618 3,214 Loans - total Commercial, industrial, and 275 122 212 298 1,784 4,394 agricultural loans 8 11 31 114 69 327 Open market paper 26 23 3 408 17 544 Loans to brokers and dealers in securities Other loans for purchasing 24 14 212 33 19 474 or carrying securities 42 175 50 197 81 I,193 Real estate loans 2 1 1 37 44 Loans to banks 204 78 462 93 1,586 133 Other loans 11 265 15 673 Treasury bills l4l 156 998 31 38 1,919 Treasury notes 162 612 324 341 2,786 6,5*3 U. S. bonds 125 53 91 48 1,343 2,389 Obligations guaranteed by U.S. GovH 65 283 280 131 1,412 3,488 Other securities 640 197 531 544 6,651 II,196 Reserve with F. R. bank 22 46 20 100 144 485 Cash in vault 257 346 215 215 169 3,269 Balances with domestic banks 98 40 83 519 72 1,280 Other assets — net L I A B I L I T I E S 20,201 1,233 10,017 1,033 1,372 522 Demand deposits—adjusted 748 202 262 236 1,032 5,312 Time deposits 47 34 68 54 14 577 U. 8. Gov't deposits Inter-bank deposits: 463 314 436 8,486 352 3,819 Domestic banks 1 5 638 18 692 Foreign banks •1 1 Borrowings 17 37 15 304 20 753 Other liabilities 98 216 38O 1,625 246 3,752 CAPITAL ACCOUNTS 303 524 267 2,242 961 97 4 1 179 22 4 175 2 3 338 13 13 7 10 10 29 71 59 13 22 1 51 44 384 1 168 28 41 83 46 59 624 306 3,333 947 754 329 401 190 696 156 4 5 569 39 37 189 10 4 11 32 74 118 98 110 13 53 1 59 1 35 114 64 104 66 32 151 68 108 30 113 22 46 137 14 242 50 261 289 1,036 267 533 1,450 71 604 81 194 12 169 22 417 192 44 2,759 967 135 307 1 11 95 100 7 116 16 21 69 89 69 145 191 15 312 24 137 11 307 29 5 59 702 193 322 424 23 317 246 465 190 17 294 117 2 542 145 24 479 137 31 1,068 1,084 107 1,252 8 377 160 1 418 268 1 320 19 22 396 7 95 7 59 4 105 4 88 305 349 A
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