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STATEMENT FOE THE PRESS For immediate r e l e a s e B-SOU Federal Reserve Board May 6, 1935. CONDITION OF WEEKLY REPORTING MEMBER BANKS IN LEADING- CITIES The Federal Reserve Board's condition statement of weekly r e p o r t i n g member "banks in 91 leading c i t i e s on May 1 shows i n c r e a s e s f o r the week of $72,000,000 i n t o t a l loans and investments, $197*000,000 in n e t demand d e p o s i t s and $58,000,000 i n time d e p o s i t s , and a decrease of $6%,000,000 in Government d e p o s i t s , Loans on s e c u r i t i e s to brokers and d e a l e r s i n New York increased $40,000,000 a t r e p o r t i n g member banks i n the New York d i s t r i c t and $31»000,000 a t a l l r e p o r t i n g member banks, and d e c l i n e d $7,000,000 i n the Chicago d i s t r i c t ; loans to brokers and d e a l e r s o u t s i d e New York City increased $4,000,000 each in the Boston, Chicago and San Francisco d i s t r i c t s and $3.6,000,000 a t a l l r e p o r t i n g member banks; and loans on s e c u r i t i e s to o t h e r s d e c l i n e d $2,000,000. Holdings of acceptances and commercial paper declined $8,000,000; r e a l e s t a t e loans showed no n e t change f o r the week; and "other l o a n s " i n c r e a s e d $11,000,000 in the San Francisco d i s t r i c t , $8,000,000 i n the P h i l a d e l p h i a d i s t r i c t , $5,000,000 i n the Cleveland d i s t r i c t and $17,000,000 a t a l l r e p o r t i n g member banks, and declined $10,000,000 i n the Boston d i s t r i c t . Holdings of United S t a t e s Government d i r e c t o b l i g a t i o n s inc re ase d $21,000,000 a t r e p o r t i n g member banks i n the New York d i s t r i c t , $8,000,000 in the Chicago d i s t r i c t and $6,000,000 i n the Cleveland d i s t r i c t , and declined $12,000,000 i n the San Francisco d i s t r i c t , $11,000,000 i n the Dallas d i s t r i c t , $9,000,000 i n the Boston d i s t r i c t and $7,000,000 i n the Minneapolis d i s t r i c t , a l l r e p o r t i n g member banks showing a n e t r e d u c t i o n of $12,000,000 f o r the week; holdings of o b l i g a t i o n s f u l l y guaranteed by the United S t a t e s Government d e c l i n e d $2,000,000; and holdings of other s e c u r i t i e s i n c r e a s e d $18,000,000 i n the New York d i s t r i c t , $9,000,000 i n the Chicago d i s t r i c t and $32,000,000 a t a l l r e p o r t i n g member banks. Licensed member banks formerly included i n the c o n d i t i o n statement of member banks in 101 l e a d i n g c i t i e s , b u t not now included i n the weekly s t a t e m e n t , had t o t a l loans and investments of $1,233»000,000 and net demand, time and Government d e p o s i t s of $1,421,000,000 on May 1, compared with $1,229,000,000 and $1,441,000,000, r e s p e c t i v e l y , on A p r i l 24. A summary of the p r i n c i p a l a s s e t s and l i a b i l i t i e s of the r e p o r t i n g member banks, i n 91 l e a d i n g c i t i e s , t h a t a r e now included in the s t a t e m e n t , together with changes f o r the week and the year ended May 1, 1935» f o l l o w s : ( I n m i l l i o n s of d o l l a r s ) Loans and investments - t o t a l Loans on s e c u r i t i e s - t o t a l To b r o k e r s and d e a l e r s ; In New York Outside New York To o t h e r s Acceptances and commercial paper bought Loans on r e a l e s t a t e Other loans Increase or decrease since May 2, 193% May 1. 1935 Apr. 24,1935 18,689 ±12 +45. +1,227 +31 +16 -2 -8) - ) +17) -15 +10 -460 +1,069 3,112 881 184 2,047 387 963 3,234 -465 +25 U.S.Government d i r e c t o b l i g a t i o n s Obligations f u l l y guaranteed by U.S.Govt Other s e c u r i t i e s 7,324 709 -12 -2) +32) Reserve with F . R. banks Cash i n v a u l t 3,532 +944 261 -6 -20 Net demand d e p o s i t s Time d e p o s i t s Government d e p o s i t s 14,833 4,556 +197 +58 +2,612 947 -67 Due from banks Due to banks ' 1,872 4,513 +53 +75 +336 +920 -6 from F . DigitizedBorrowings for FRASER R. banks 2,960 -1 +598 +30 +102 -108 Federal Reserve Board May 2, 1935. For immediate r e l e a s e CONDITION OF WEEKLY REPORTING MEMBER BANKS IN CENTRAL RESERVE CITIES ( I n m i l l i o n s of dollars) May 1 1935 Apr. 24 1935 May 2 193% Loans and investments - t o t a l 7,830 7,736 7,142, Loans on s e c u r i t i e s - t o t a l To "brokers and d e a l e r s : In New York Outside New York To o t h e r s 1,655, 1.608 1.729 NEW YORK Acceptances and commercial p a p e r bought Loans on r e a l e s t a t e • Other loans 832 765 203 129 3 756 46 927 206) 1,214 128) 1,211) 1,561 U. S. Government d i r e c t o b l i g a t i o n s O b l i g a t i o n s f u l l y guaranteed by U.S.Govt, Other s e c u r i t i e s 3,290 262 1,077 3.263 261) 1,059) 2,699 Reserve with F . R. bank Cash in v a u l t 1,699 4i 1,734 44 1,194 37 Net demand d e p o s i t s Time d e p o s i t s Government d e p o s i t s 7,295 7,185 ''III 588 630 627 526 1,994 70 69 1,949 83 1,522 1,560 1.566 1,433 210 — 211 292 9 495 Due from banks Due to banks 1,153 Borrowings from ? . R. bank CHICAGO Loans and investments - t o t a l Loans on s e c u r i t i e s - t o t a l To b r o k e r s and d e a l e r s : In New York Outside New York To o t h e r s 32 176 29 175 20 48 224 Acceptances and commercial p a p e r bought Loans on r e a l e s t a t e Other loans 27 16 248 29) 17) 248) 303 U. S. Government d i r e c t o b l i g a t i o n s O b l i g a t i o n s f u l l y guaranteed by U.S.Govt. Other s e c u r i t i e s 746 748 79) 232) 547 291 34 533 35 380 1,560 1,516 Reserve with F. R. bank Cash i n v a u l t Net demand d e p o s i t s Time d e p o s i t s Government d e p o s i t s Due from banks Due to banks 2 23% 5 38 4ll 42 266 516 502 452 190 4o 11 364 31 165 385 Borrowings from F . R. bank (B-SOUa) For immediate r e l e a s e PRINCIPAL ASSETS AND LIABILITIES OF WEEKLY REPORTING MEMBER BAMS IN LEADING CITIES, BY DISTRICTS, ON , MY 1, 1935 ( i n m i l l i o n s of d o l l a r s ) Total Loans and investments - t o t a l Boston New Phila- York delphia B-804b Federal Cleve- Richmond land City Francisco 1,085 1.19S 351 351 1,972 561 351 590 421 1,949 191 l6S 49 47 247 59 33 47 4? I85 1,836 881 184 2,047 13 35 159 847 60 929 Acceptances and commercial paper bought Loans on r e a l e s t a t e Other loans 327 963 3,234 45 89 281 205 246 1,358 25 71 172 i IT. S . Government d i r e c t o b l i g a t i o n s O b l i g a t i o n s f u l l y guaranteed by U.S.Govt, Other s e c u r i t i e s 7,324 799 2,960 352 12 171 3,491 295 298 Reserve with F . R. banks Cash i n vaul^t 3,532 261 eapolis San Dallas 8,703 207 Borrowings from F . R. banks Louis District Minn- Kansas 1,157 3.112 14,833 4,556 947 1.872 4,513 — % 162 2 35 100 22 13 109 3 25 222 31 99 142 11 53 253 27 119 158 623 44 78 9 47 4 96 10 65 8 159 206 132 i,s4o 4ii 52 167 20 251 127 4 495 166 20 3°7 124 48 776 972 78 81 85 363 100 181 82 119 212 287 134 127 206 205 —— — 39 31 10 36 3 44 7 16 78 12 128 322 io4 600 1,272 56 272 24 187 122 21 58 92 19 51 948 99 286 255 70 1,793 53 162 12 163 19 65 10 26 7,785 776 313 58 180 274 741 455 42 244 l4o 144 9|t 104 ll4 226 —— 1,047 523 162 2,060 —~ 161 8 205 — 3 19 4 210 1 48 7 1 1 42 4 55 H VAI O HO CTxVJ H Due from banks Due to banks Atlanta Chicago St. 18,639 Loans on s e c u r i t i e s - t o t a l To b r o k e r s and d e a l e r s : In New York Outside New York To o t h e r s Net demand d e p o s i t s Time d e p o s i t s Government d e p o s i t s Reserve 2 6 28 600 64o —— 2 31 6 6 ill 40 41 —— 163 21 345 327 646 74 351 16
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