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Form FR-284 STATEMENT FOR THE PRESS For immediate release Board of Governors of the Federal Reserve System May 6, 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 1: Decreases of $10,000,000 in commercial, industrial, and agricultural loans, $38,000,000 in holdings of "Other securities", and $68,000,000 in demand deposits-adjusted. Holdings of United States Treasury bills decreased $21,000,000 in the Chicago district, $9,000,000 in the Minneapolis district and $3,000,000 at all reporting member banks, and increased $22,000,000 in Hew York City* Holdings of United States Government bonds decreased $21,000,000 in Hew York City and $12,000,000 at all reporting member banks. Holdings of "Other securities" decreased $32,000,000 in New York City and $38,000,000 at all reporting member banks# Demand deposits-adjusted decreased $39,000,000 in Hew York City, $31,000,000 in the Minneapolis district, and $68,000,000 at all reporting member banks. Tine deposits decreased $8,000,000. Deposits credited to domestic banks increased $13,000,000 in New York City and $28,000,000 at all reporting member banks. Deposits credited to foreign banks decreased $13,000,000 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 1.1 ay 1, 1940, follows: (in millions of dollars) Increase or decrease May since April 24, May 3, 1, 1940 1940 1939 ASSETS Loans and Investments - total 23,542 - 42 +1,757 Loans - total Commercial, industrial, and agricultural loans Open market paper Loans to brokers and dealers in securities Other loans for purchasing or carrying securities Real estate loans Loans to banks Other loans 8,661 4,409 326 626 474 1,187 52 1,587 + 11 - 10 — 6 + 3 + 1 + 5 + 9 + 9 + 590 + 568 + 24 — 22 Treasury bills Treasury notes U, S. bonds Obligations guaranteed by U. S. Gov't Other securities 593 1,871 6,496 2,427 3,494 - - 12 10,859 447 3,177 - 10 - 24 - 17 +2,669 + 37 19,696 5,305 578 - 68 - 8 - 2 +3,036 + 57 38 8,460 720 1 + 28 - 14 +1,833 + 73 Reserve with Federal Reserve banks Cash in vault Balances with domestic banks — -# 3 — — - 38 65 + + 39 8 54 + + + + 171 148 596 401 147 + 602 L I A B I L I T I E S Demand deposits-adjusted Time deposits U. S. Government deposits Inter-bank deposits: Domestic banks Foreign banks Borrowings ~ — Form FR-284 STATH-IENT FOR THE PRESS Board of Governors of the Federal Reserve System May 2, 1940 For immediate release ASSETS Aim LIABILITIES OF WEEKLY REPORTING MEMBER BANKS IN CENTRAL RESERVE CITIES (In millions of dollars) 'lev/ York City Increase or Hay decrease since April 24, May 3, 1940 1940 1939 Chicago Increasei or May decrease since April 24,J May 3, 1940 1940 1939 ASSETS Loans and Investments-total. 9,121 — 38 Loans ~ total 2,958 - 3 + 10 1 4 + Commercial, industrial, and agricultural loans Open market paper Loans to brokers and dealers Other loans for purchasing or carrying securities Real estate loans Loans to banks Other loans 1,679 108 476 160 120 46 369 Treasury bills Treasury notes U. 8. bonds Obligations guaranteed by U. S. Gov't Other securities 1,278 1,284 Reserve uith F. R. banks Cash in vault Balances vri.th domestic banks Other assets - net 6,336 74 81 351 185 917 2,499 <— 1 1 9 1 4- + 4- + 2,220 - 27 + 256 223 579 - 3 4- 48 304 10 26 403 18 31 2 4- - 4* 1 - 37 9 1 16 65 14 1 - — 4- 48 4* 2 194 362 270 161 712 + + 238 66 141 357 +1 ,591 420 + 7 34 1,055 32 259 48 +1,704 + 40 58 1,818 505 84 924 90 928 S +1,081 — — - + - + 22 4 21 - - - 32 - 1 3 4—« + 9 + - — + - . — 49 3 2 3 1 — mmm 1 — 20 1 3 + WW 140 50 88 4- 4- — 1 4- - 1 4- + 32 4- 4- 1 4- 4- 3 2 13 17 180 4 31 2 + - 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 ACCOUNTS 9,082 560 44 3,724 659 — — 292 1,502 39 6 - - + 13 — 13 - - + 10 + 4 - + + — — + w 49 14 .— 4* 1 — 18 253 4- 4- • - 3 4- - — •— - - - — 4- 1 267 21 6 44- 186 4 — 4- — 3 10 Form FR—28-4—b ASSETS AND LIABILITIES OF WEEKLY REPORTING MEMBER BANKS IN 101 LEADING CITIES ON MAY 1, 1940 Total All Boston districts Loans and Investments - total 23,542 8,661 Loans - total Commercial, industrial, and agricultural loans 4,409 Open market paper 326 Loans to brokers and dealers in securities 626 Other loans for purchasing or carrying securities 474 Real estate loans 1,187 Loans to banks 52 Other loans 1,587 Treasury bills 593 1,871 Treasury notes 6,496 U« S. bonds S. Gov't 2,427 Obligations guaranteed by U. 3,494 Other securities 10,859 Reserve with F. R. bank 447 Cash in vault 3,177 Balances with domestic banks 1,224 Other assets — net L I A B I L I T I E S 19,696 Demand deposits-adjusted Time deposits 5,305 U.S. Gov't deposits 578 Inter—bank deposits: 8,460 Domestic banks Foreign banks 720 1 Borrowings Other liabilities 741 CAPITAL ACCOUNTS 3,748 New York FederalL Reserve District San RichClevePhilaAtlanta Chicago St. Minnea— Kansas Dallas Francisco Cityapolis Louis mond land delphia 445 ,936 709 685 272 634 307 3,335 940 748 332 417 199 695 307 527 269 2,243 958 1,793 115 481 212 29 25 275 8 21 124 11 3 159 4 5 563 38 39 189 11 5 104 4 1 181 23 5 175 2 5 338 13 12 32 50 1 96 7 10 10 29 43 384 110 270 291 1,034 276 524 1,386 62 585 82 13 53 1 60 136 158 52 67 192 19 257 38 10 31 1 97 1 35 115 71 105 132 12 236 51 75 115 31 311 101 276 527 18 222 83 25 174 2 204 11 156 649 124 287 617 43 335 99 15 42 133 16 38 339 50 128 520 141 174 75 212 196 46 459 195 953 2,731 1,355 1,430 6,506 91 218 466 1,216 236 14 9,735 1,038 68 1,017 265 54 ,366 748 47 510 202 34 4-10 191 44- 346 21 1 20 248 3,824 660 44-3 5 472 1 311 1 298 1,624 14 216 16 380 37 96 1,192 621 9,966 3,302 296 68 24 19 81 — — — — 77 — — 55 33 152 68 108 175 11 178 23 73 1 31 115 22 49 74 6 68 15 59 18 68 93 70 139 190 14 306 24 13 22 1 51 21 40 89 49 59 136 10 297 29 2,690 965 135 470 191 17 232 117 3 527 146 24 479 136 30 1,044 1,070 108 313 1 1,234 9 355 162 1 424 261 1 315 20 12 94 22 395 6 59 3 105 4 88 303 347 — — — — 6 96 — — — — —* — 168 5 59 710 189 322 404 20 301 239
@FedFRASER