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Form FR-284 For immediate release STATEMENT FOR THE PRESS Board of Governors of the Federal Reserve System May 9, 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 4s A decrease of $61,000,000 in commercial, industrial and agricultural loans, an increase of $123,000,000 in holdings of obligations fully guaranteed by the United States Government, and a decrease of $69,000,000 in "Other securities"; decreases of $117,000,000 in reserve balances with Federal Reserve banks and of $148,000,000 in demand deposits-adjusted, and an increase of $88,000,000 in deposits credited to domestic banks. Commercial, industrial and agricultural loans declined $32,000,000 in New York City, $19,000,000 in the Chicago district, and $61,000,000 at all reporting member banks. Holdings of United States Government direct obligations increased $21,000,000 in New York City and $11,000,000 in the Richmond district, and declined $21,000,000 in the Chicago district and $12,000,000 in the Cleveland district, all reporting member banks showing a net increase of $14,000,000 for the week. Holdings of obligations fully guaranteed by the United States Government increased $77,000,000 in New York City, $17,000,000 in the Chicago district and $123,000,000 at all reporting member banks. Holdings of "Other securities" declined $70,000,000 in New York City and $69,000,000 at all reporting member banks. Demand deposits-adjusted declined $123,000,000 in New York City, $36,000,000 in the Chicago district and $14,000,000 in the Cleveland district, and increased $38,000,000 in the New York district outside New York City and $18,000,000 in the Boston district and $11,000,000 in the Minneapolis district, all reporting member banks showing a net decline of $148,000,000 for the week* Time deposits declined $13,000,000 in New York City and increased $12,000,000 in the San Francisco district, all reporting member banks showing a net decrease of $4,000,000 for the week. Government deposits declined $14,000,000 in New York City and $17,000,000 at all reporting member banks. Deposits credited to domestic banks increased $23,000,000 in the Chicago district, $11,000,000 in the Cleveland district, $10,000,000 each in New York City and in the Boston and Richmond districts, and §88,000,000 at all reporting member banks. Deposits credited to foreign banks declined $9,000,000 in New York City. Weekly reporting member banks reported no borrowings on May 4. A summarv of the principal assets and liabilities of the reporting member banks, together with changes for the week and the year ended May 4,1938, follows * (In millions of dollars) Increase or decrease April 27, A S S E 20,842 Loans and Investments - total 8,517 Loans - total Commercial,industrial, and agricultural loans* +15 561 On securities —76 3,565 Otherwise secured and unsecured 390 Open market paper -3 —6 646 Loans to brokers and dealers in securities +2 Other loans for purchasing or carrying securities 593 +1 Real estate loans 1,150 +3 Loans to banks 107 -3 Other loansr On securities 692 Otherwise secured & unsecured 813 -3 +l4 U. S. Government direct obligations 8,001 +123 Obligations fully guaranteed by U.S. Gov't 1,322 —69 Other securities 3,002 -117 5,9*3 Reserve with Federal Reserve banks -11 Cash in vault 361 +10 Balances with domestic banks 2,266 LIABILITIES -148 Demand deposits—adjusted 14,450 —4 Tine deposits 5,226 -17 U. S. Government deposits 568 +88 Inter—bank depositse Domestic banks 5,720 -9 Foreign banks 328 Digitized Borrowings for FRASER http://fraser.stlouisfed.org/ ^Comparable figures not available. Federal Reserve Bank of St. Louis May 5, 1937 -1,398 -1,016 * * * -695 * -7 * -21 * -333 +157 -206 +636 +24 +469 -899 +77 +335 +496 -193 -38 Form FRr-284-a STATEMENT FOR THE PRESS Board of Governors of the Federal Reserve System May 5, 1938 For immediate release ASSETS AND LIABILITIES OF WEEKLY REPORTING MEMBER BANKS IN CENTRAL RESERVE CITIES (in millions of dollars) Chicago New York C:ity 19 3 7 19 3 8 19 3 8 19 3 7 May 4 Apr. 27 May 5 May 4 Apr, 27 May 5 ASSETS 1,863 1,985 Loans and Investments - total 7,705 8,379 1,838 Loans - total 3,087 3,814 556 581 652 22 350 22 28 22 369 23 32 * * * 66 12 66 12 * 21 35 22 35 * * Commercial,industrial, and agricultural loans* 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 215 230 1# * * * 515 l44 516 1,147 207 118 80 204 118 79 * 219 198 219 200 * * 129 79 43 14 13 U. S. Gov't obligations Obligations fully guaranteed by U. S. Gov't Other securities 3,060 3,039 3,034 873 890 943 541 1,045 442 464 1,115 1,089 116 293 102 290 95 295 Reserve with F. R« bank Cash in vault Balance with domestic banks Other assets - net 2,926 50 65 481 3,070 2,430 55 53 71 70 469 477 771 28 192 51 759 27 184 51 595 30 162 64 5,94-7 643 165 6,070 6,333 656 658 66 179 116 1,4 88 448 84 116 2,359 287 2,349 1,983 296 481 654 7 643 •7 553 6 336 1,487 29 387 335 1,482 1,475 1 19 244 19 243 21 236 LIABILITIES Demand deposits — adjusted Time deposits U. S. Gov't deposits Inter—bank deposits* Domestic banks Foreign banks Borrowings Other liabilities Capital account •Comparable figures not available* Form:FR—284-b ASSETS AND LIABILITIES OF WEEKLY REPORTING'MEMBER BANKS IN 101 LEADING CITIES ON MAY 4, 1938 District Federal Rich- Atlant a | Chic ago St. MinneLouis apolis mond Philadistricts ASSETS 20,842 1,168 8,549 Loans and Investments — total 616 3,460 8,517 Loans — total Commercial, industrial, and agricultural loansI 243 561 37 On securities 1,447 246 3,565 Otherwise secured & unsecured 76 157 390 Open market paper 22 646 523 Loans to brokers and dealers in securities Other loans for purchasing or 279 32 593 carrying securities 223 83 1,150 Real estate loans 80 107 3 Loans to banks Other loanst 249 692 55 On securities 259 62 813 Otherwise secured and unsecured 3,299 396 8,001 U. S. Gov't obligations 583 25 Obligations fully guaranteed by U.S.Gov't 1,322 1,207 131 3,002 Other securities 309 3,059 5,943 Reserve with F. R. bank 66 103 361 Cash in vault 158 148 2,266 Balances with domestic banks 595 74 1,310 Other assets - net LIABILITIES 14,450 1,014 6,523 Demand deposits—adjusted 262 1,045 5,226 Time deposits 568 173 13 U. S. Gov't deposits Inter-bank deposits t 241 2,433 5,720 Domestic banks 289 10 328 Foreign banks Borrowings 348 22 793 Other liabilities 240 1,616 3,637 Capital account Francisco ,105 1,728 693 439 625 237 555 284 2,852 868 48 159 24 16 48 234 13 21 12 96 10 3 11 l4l 3 6 40 479 39 31 44 131 10 6 9 64 5 1 16 132 19 3 11 137 2 3 42 299 32 11 34 58 2 37 172 2 16 30 1 16 28 3 77 89 5 12 47 7 7 6 12 21 1 14 20 1 57 373 2 48 50 312 87 267 261 17 162 83 122 44 703 80 252 357 36 235 102 28 4l 294 35 59 128 17 134 36 26 50 156 38 77 93 11 133 38 45 63 1,369 191 424 973 56 4o4 84 11 28 217 58 92 132 10 120 23 11 53 154 15 40 71 6 88 16 12 27 226 45 112 151 11 251 23 10 34 168 31 50 98 10 199 25 75 102 707 134 291 311 18 234 211 780 1,006 288 735 18 20 4o4 198 12 324 182 23 .2,084 872 145 393 186 23 231 119 ',7 457 144 18 391 130 25 843 1,065 91 292 6 329 1 210 204 1 867 8 249 126 1 346 180 243 12 15 227 18 351 6 90 23 370 3 94 5 82 316 329 — 23 93 — 7 90 — 7 55 —
@FedFRASER