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Form FR-234 For immediate release STATEMENT FOR THE PRESS Board of Governors of the Federal Reserve System May 31, 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 25* Decreases of 143,000,000 in commercial, industrial and agricultural loans, $12,000,000 in loans to brokers and dealers in securities,and $57,000,000 in holdings of United States Government direct obligations; increases of $21,000,000 in holdings of obligations fully guaranteed by the United States Government, $17,000,000 in "Other securities", $123,000,000 in reserve balances with Federal Reserve banks, $128,000,000 in demand deposits—adjusted, and a decrease of $36,000,000 in deposits credited to domestic banks. Commercial, industrial and agricultural loans declined $16,000,000 in New York City, 08,000,000 in the Chicago district and $43,000,000 at all reporting member banks. Loans to brokers and dealers in securities declined $15,000,000 in Hew York City and $12,000,000 at all reporting member banks. Holdings of United States Government direct obligations decreased $53,000,000 in Mew York City, $10,000,000 in the St. Louis district, and $57,000,000 at all reporting member banks, and increased $12,000,000 in the Cleveland district. Holdings of obligations fully guaranteed by the United States Government increased $24,000,000 in New York City and $21,000,000 at all reporting member banks. Holdings of "Other securities" increased $17,000,000 at all reporting member banks. Demand deposits—adjusted increased $87,000,000 in New York City, $36,000,000 in the Chicago district and $128,000,000 at all reporting member banks. Time deposits increased $3,000,000 and Government deposits declined $7,000,000. Deposits credited to domestic banks declined $19,000,000 in New York City and increased $26,000,000 in the St. Louis district, all reporting member banks showing a decrease of $36,000,000* Borrowings of weekly reporting member banks amounted to $3,000,000 on May 25. A summary of the principal assets and liabilities of reporting member banks, together with changes for the week and the year ended May 25, 1938, follows: (In millions of dollars) t ! , . — Increase or decrease since May 26, May 18, 1937 1938 ASSETS -1,585 -82 20,597 Loans and Investments — total -1,184 —63 8,345 Loans - total Commercial, industrial, and agricultural loanst -14 558 -3 On securities -206 3,473 Otherwise secured and unsecured -123 -9 367 Open market paper -746 -12 578 Loans to brokers and dealers in securities — — -128 Other loans for purchasing or carrying securities 587 -5 -1 1,156 Real estate loans +3 -7 113 Loans to banks —6 +1 696 Other loansi On securities +4l +8 817 Otherwise secured and unsecured —386 -57* 7,922 U. S. Government direct obligations +226 +21* 1,385 Obligations fully guaranteed by U.S. Gov't -241 +17 2,945 Other securities +845 +123 6,230 Reserve with Federal Reserve banks +65 +24 403 Cash in vault +532 +13 2,328 Balances «ri.th domestic banks L I A B I L I T I E S +128 -831 14,697 Demand deposits-adjusted -10 +3 5,212 Time deposits +357 -7 538 U. S. Government deposits +664 5,696 -36 Inter-bank deposits $ Domestic banks -1 -239 314 Foreign banks -1 +3 Borrowings 3 *May 18 figures revised. (New York district) Form FR-284-a STATEMENT FOR THE PRESS Board of Governors of the Federal Reserve System May 26, 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 7 l_i 1 6 jl 9 3 7 1 9 3 8 May 2;5]May 13j May 26|May 25|May 18 May 26 ASSETS 1,835 2,009 Loans and Investments ~ total 7,500 7,562 8,320 1,832 Loans - total 2,957 2,998 3,808 542 546 657 231 1,315 13^ 447 231 1,331 137 462 229 1,410 158 1,124 21 338 21 29 21 344 21 27 33 396 30 44 204 118 84 204 118 92 276 129 69 65 12 65 12 81 l4 3 224 200 223 200 241 172 21 35 21 35 23 33 U, S. Gov't obligations Obligations fully guaranteed by U. S. Gov't Other securities 2,972 *3,025 3,014 871 872 961 589 982 *5.65 974 429 1,069 117 302 117 300 95 296 Reserve with F. R. bank Cash in vault Balance with domestic banks Other assets - net 3,136 51 76 500 3,019 50 71 494 2,561 54 71 483 818 31 226 51 812 30 206 51 593 27 168 64 Demand deposits - adjusted Time deposits U. S. Gov't deposits Inter-bank deposits» Domestic banks Foreign banks 6,062 634 i4c 5,975 633 146 6,465 1,446 721 463 116 4l 2,343 275 2,362 273 1,867 512 663 6 667 6 547 7 Borrowings Other liabilities Capital account 3 318 1,488 319 1,488 409 1,474 19 245 19 244 20 237 Commercial, industrial, and agricultural loansl 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 L I A B I L I T I E S "$£"T?ryrrn QQrl 1,418 1,523 463 449 117 78 Form FRr-284-b ASSETS AND LIABILITIES OF WEEKLY REPORTING MEMBER BANKS IN 101 LEADING CITIES ON MAY 25, 1938 (In millions of dollars) District Total San Minne-i KansasIDallas Phila- Cleve- Rich- Atlanta Chicago All Francisco apolis Boston Louis delphia land mond districts 20,597 8,3^5 Loans and Investments — total Loans — total Commercial, industrial, and agricultural loans* 558 On securities 3/73 Otherwise secured and unsecured 367 Open market paper 578 Loans to brokers and dealers in securities Other loans for purchasing or 587 carrying securities 1,156 Real estate loans 113 Loans to banks Other loans* 696 On securities 817 Otherwise secured and unsecured 7,922 U. S. Gov't obligations Obligations fully guaranteed by U.S.Gov't 1,385 2,945 Other securities 6,230 Reserve with F. R. bank 403 Cash in vault 2,328 Balances with domestic banks 1,319 Other assets — net L I A B I L I T I E S 14,697 Demand deposits—adjusted 5,212 Time deposits 538 U. S. Gov't deposits Inter-bank deposits* 5,696 Domestic banks 314 Foreign banks 3 Borrowings 766 Other liabilities 3,651 Capital account 1,154 607 2,129 984 2,844 848 8,347 1,094 3,357 429 37 242 73 20 244 l,4i6 146 4 55 46 151 23 16 47 229 13 22 13 93 9 3 10 140 3 6 38 461 37 32 43 127 8 5 9 61 5 2 16 129 18 3 10 134 2 3 45 290 30 11 32 83 3 276 223 84 34 58 2 37 175 2 16 30 2 15 28 4 76 89 5 13 7 6 12 22 1 l4 20 1 55 374 2 56 61 393 26 128 302 123 133 74 254 259 3,215 633 1,142 3,250 68 156 604 48 51 307 91 267 265 18 167 83 122 45 727 85 249 368 40 246 103 28 42 285 32 60 132 19 142 35 26 50 153 4o 78 94 11 128 38 43 67 1,370 193 433 1,024 63 439 85 11 29 210 58 92 159 11 111 23 11 52 153 16 39 59 6 108 17 12 26 228 40 117 151 13 262 22 10 33 169 29 49 100 11 216 26 75 102 712 142 291 326 20 220 209 1,008 262 12 6,605 1,030 148 783 288 20 1,043 739 18 4ll 200 13 328 184 23 2,165 873 145 374 186 247 119 2 470 144 18 399 130 25 864 1,057 91 231 9 2,415 277 3 330 1,617 288 5 330 1 202 871 7 275 119 1 343 — 193 1 185 1 244 12 — — — — 23 371 8 89 5 82 306 330 — — 23 241 —• 15 228 — 19 360 — — 22 93 — 5 90 AS 7 23 — — 7 56 — — 3 94
@FedFRASER