The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
Form FR-284 STATEMENT FOR THE PRESS For immediate r e l e a s e Board of Governors of the Federal Reserve System May 29, 1939 Condition of Weekly Reporting Member Banks i n 101 Leading C i t i e s The condition statement of weekly reporting member banks in 101 leading c i t i e s shows the following p r i n c i p a l changes f o r the week ended May 241 Increases of $78,000,000 i n loans to brokers and dealers i n s e c u r i t i e s , $124,000,000 i n reserve balances with Federal Reserve banks and $274,000,000 i n demand d e p o s i t s - a d j u s t e d , and a decrease of $43,000,000 i n deposits credited t o domestic banks. Commercial, i n d u s t r i a l and a g r i c u l t u r a l loans decreased $8,000,000 at a l l r e porting member banks. Loans t o brokers and dealers i n s e c u r i t i e s increased $70,000,000 i n New York City, Holdings of Treasury b i l l s decreased $10,000,000 i n the Chicago d i s t r i c t and $18,000,000 at a l l reporting member banks. Holdings of United S t a t e s Government bonds decreased $12,000,000 in the Cleveland d i s t r i c t and $24,000,000 at a l l r e p o r t ing member banks. Holdings of obligations guaranteed by the United S t a t e s Government increased $8,000,000 i n the Chicago d i s t r i c t , $7,000,000 in the San Francisco d i s t r i c t , and $15,000,000 at a l l reporting member banks. Holdings of "Other secur i t i e s " increased $10,000,000 at a l l reporting member banks. Demand deposits—adjusted increased $183,000,000 i n New York City, $62,000,000 in the Chicago d i s t r i c t , and $274,000,000 at a l l reporting member banks. Deposits credited t o domestic banks decreased $18,000,000 in the Chicago d i s t r i c t , $15,000,000 i n the Philadelphia d i s t r i c t and $43,000,000 at a l l reporting member banks, and increased $13,000,000 i n the S t . Louis d i s t r i c t . Deposits credited t o f o r e i g n banks increased $6,000,000* Borrowings of weekly reporting member banks amounted t o $1,000,000 on May 24, A summary of the p r i n c i p a l assets and l i a b i l i t i e s of reporting member banks, t o gether with changes f o r the week and t h e year ended May 24, 1939, follows $ (in millions of d o l l a r s ) Increase or decrease May since May 17, 24, May 25, 1939 1938 1939 ASSETS Loans and Investments — t o t a l + 64 +1,076 21,673 Loans — t o t a l Commercial, i n d u s t r i a l , and a g r i c u l t u r a l loans Open market paper Loans t o brokers and dealers i n s e c u r i t i e s Other loans f o r purchasing or carrying s e c u r i t i e s Real e s t a t e loans Loans to banks Other loans 8,125 3,837 309 717 541 1,154 56 1,511 + + + + + + - 79 8 8 78 2 4 3 8 Treasury b i l l s Treasury notes U. S. bonds Obligations guaranteed by U. S. Gov't Other s e c u r i t i e s 394 2,032 5,838 2,046 3,238 + + + 18) 2) 24) 15 10 Reserve with Federal Reserve banks Cash i n v a u l t Balances with domestic banks 8,476 430 2,707 +124 + 11 +2,246 + 27 + 379 16,955 5,247 575 +274 - 14 +2,258 + 35 + 37 6,647 639 1 - 43 + 6 - 1 + 951 + 325 2 + 36 - 220 - 194 58 + 139 — 46 2 57 — 2 + 342 + 661 + 293 L I A B I L I T I E S Demand d e p o s i t s - a d j u s t e d Time deposits U. S. Government deposits Inter-bank deposits* Domestic banks Foreign banks Borrowings — Form FR-284 STATEMENT FOR THE PRESS Board of Governors of t h e Federal Reserve System May 25, 1939 For immediate r e l e a s e ASSETS AND LIABILITIES OF WEEKLY REPORTING MEMBER BANKS IN CENTRAL RESERVE CITIES (In millions of d o l l a r s ) New York City Increase or decrease since May May 17, May 25, 24, 1938 1939 1939 May 24, 1939 Chicago Increase or decrease since May 17, May 25, 1938 1939 ASSETS Loans and Investments - t o t a l 7,9-40 + 83 Loans - t o t a l 2,795 + 75 1,372 123 565 + + + Commercial, i n d u s t r i a l , and a g r i c u l t u r a l loans Open market paper Loans to brokers and dealers Other loans f o r purchasing or carrying s e c u r i t i e s Real e s t a t e loans Loans to banks Other loans 199 111 42 — + 383 Treasury b i l l s Treasury notes U. S. bonds Obligations guaranteed by U. S. Gov't Other s e c u r i t i e s 1,030 1,102 Reserve with F. R. banks Cash i n vault Balances with domestic banks Other a s s e t s — net 4,982 57 78 389 3 3 70 - _ 165 72.7 2,121 + + + + + + — + — + - 2 — 3 440 1,985 162 535 174 11 118 352 18 36 5 7 42 41 441 120 101 2 1 5 183 3 10 6 A 3 1 — + 4- + 7 3 7 + + 3 1 — — + + 2 7 8 48 41 2) 153 - 68 4- 5) + 13 128 212 624 3) 1 - »» 11) 2 ) + 93 145 341 + 11 2 + + 28 39 +1,846 6 + 2 4— 111 899 28 259 49 + + 31 3 33 +1,471 10 64 1,641 484 66 + + 481 736 14 + — 3 27 4* 1) 25 — 20 4- + 61 44- — 3 — 16 + + 4- 2 L I A B I L I T I E S Demand deposits—adjusted Time deposits U. S. Gov't deposits Inter-bank depositst Domestic banks Foreign banks Borrowings Other l i a b i l i t i e s CAPITAL ACCOUNTS 7,533 624 76 2,824 558 345 1,486 4" + - - 4" + 3 2 7 + - 283 2 2 195 21 50 73 8 — — 16 263 — — 4- 3 18 Form FR—284~b ASSETS AND LIABILITIES OF WEEKLY REPORTING MEMBER BANKS IN 101 LEADING CITIES ON MAY 24, 1939 Total All districts ASSETS Loans and Investments - t o t a l Boston New York federal P h i l a - Cleve- Richmond delphia land 2,171 314 259 252 943 496 32 41 191 3 5 77 3 1 154 18 4 167 1 3 306 16 II 79 101 3 110 13 49 4 49 7 7 10 24 1 48 15 21 49 383 72 12 30 1 74 45 178 1 172 140 54 65 8 34 109 59 88 134 396 920 271 490 42 48 149 6 40 305 96 260 6 217 605 99 282 121 640 149 318 5,107 74 175 480 322 17 193 102 415 41 296 106 159 20 167 36 110 12 173 49 1,080 249 15 8,084 1,005 95 826 281 53 1,177 746 42 448 203 28 6,647 639 272 29 2,901 560 339 13 369 1 1 788 3,711 1 19 246 351 1,609 13 223 16 371 1,114 1,864 572 3,152 413 655 3,837 309 717 258 62 25 1,475 130 576 188 25 23 541 1,154 56 1,511 23 81 2 - 121" 260 199 42 470 32 53 1 91 26 170 2 194 Treasury b i l l s Treasury notes U. 8. bonds Obligations guaranteed by U, S. Gov't Other s e c u r i t i e s 394 2,032 5,838 2,046 3,238 3 60 345 47 134 165 785 2,321 1,088 1,258 Reserve with F. R. bank Cash i n v a u l t Balances with domestic banks Other a s s e t s — net 8,476 430 2,707 1,277 387 140 142 81 16,955 5,247 575 San Francisco 510 8,769 Borrowings Other l i a b i l i t i e s CAPITAL ACCOUNTS Dallas 651 1,161 L I A B I L I T I E S Demand d e p o s i t s - a d j u s t e d Time deposits U.S. Gov't depositsI n t e r b a n k deposits* Domestic banks Foreign banks PJ s t r i c t St. Minne- Kansas Louis apolis City 363 154 21,673 8,125 Loans - t o t a l Commercial, i n d u s t r i a l , and a g r i c u l t u r a l loans Open market paper Loans t o brokers and d e a l e r s i n s e c u r i t i e s Other loans f o r purchasing or carrying s e c u r i t i e s Real e s t a t e loans Loans t o banks Other loans Rese:rve Atlanta Chicago 718 308 3,073 862 182 3 6 673 241 606 238 6 105 19 3 10 15 36 — —'— 59 100 37 114 15 43 107 57 142 29 42 83 46 58 1,113 60 509 83 158 12 133 23 85 7 108 18 163 15 284 22 114 11 242 30 343 21 285 247 370 188 40 2,399 915 113 423 191 20 274 118 2 498 144 23 442 136 34 934 1,071 110 252 1 249 1 977 15 311 122 1 367 205 283 18 29 94 8 94 20 399 7 92 7 57 3 5 85 310 341 65 — 80 100
@FedFRASER