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STATEMENT FOR THE PRESS B-804 For immediate r e l e a s e F e d e r a l Reserve Board November 12, 193^ CONDITION OF WEEKLY REPORTING MEMBER BASKS IN LEADING- CITIES The F e d e r a l Reserve B o a r d ' s c o n d i t i o n statement of weekly r e p o r t i n g member banks i n $1 l e a d i n g c i t i e s on November 7 shows no change f o r the week in t o t a l loans and investments, and d e c r e a s e s of $29,000,000 i n n e t demand d e p o s i t s , $12,000,000 i n time d e p o s i t s and $27,000,000 i n r e s e r v e b a l a n c e s w i t h F e d e r a l Reserve b a n k s . Loans on s e c u r i t i e s to b r o k e r s and d e a l e r s i n New York d e c l i n e d $29,000,000, a r e d u c t i o n of $36,000,000 a t mombcr banks i n the New York d i s t r i c t being p a r t l y o f f s e t by an i n c r e a s e of $6,000,000 i n the San F r a n c i s c o d i s t r i c t ; l o a n s to b r o k e r s and d e a l e r s o u t s i d e New York d e c l i n e d $5«000,000 a t r e p o r t i n g member banks i n the Chicago d i s t r i c t and 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 d e c l i n e d $ 7 , 0 0 0 , 0 0 0 . Holdings of acceptances and commercial p a p e r i n c r e a s e d $4,000,000 i n the New York d i s t r i c t and $7,000,000 a t a l l r e p o r t i n g member b a n k s . Real e s t a t e l o a n s showed l i t t l e change f o r the week, while " o t h e r loans" d e c l i n e d $16,000,000 i n the Boston d i s t r i c t , $6,000,000 i n the Chicago d i s t r i c t and $30,000,000 a t a l l r e p o r t i n g member b a n k s . 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 i n c r e a s e d $26,000,000 i n the New York d i s t r i c t , $7»000,000 i n the Chicago d i s t r i c t , $6,000,000 i n the San Francisco d i s t r i c t and $44,000,000 a t a l l r e p o r t i n g banks, and d e c l i n e d $6,000,000 in the Boston d i s t r i c t . 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 i n c r e a s e d $12,000,000 in the New York d i s t r i c t , $4,000,000 i n the Cleveland d i s t r i c t and $21,000,000 a t a l l r e p o r t i n g b a n k s . Holdings of o t h e r secur i t i e s d e c l i n e d $6,000,000 i n the Cleveland d i s t r i c t , and i n c r e a s e d $4,000,000 i n the New York d i s t r i c t and $1,000,000 a t a l l r e p o r t i n g b a n k s . Licensed member banks f o r m e r l y included i n the c o n d i t i o n statement of member banks i n 101 l e a d i n g c i t i e s , b u t n o t now i n c l u d e d i n the weekly s t a t e m e n t , had t o t a l loans and investments of $1,195,000,000 and n e t demand, time and Government d e p o s i t s of $1,293,000,000 on November 7, compared with $1,198,000,000 and $1,290,000,000, r e s p e c t i v e l y , on October 31. A summary of t h e 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, in 91 l e a d i n g c i t i e s , t h a t a r e now included i n t h e s t a t e m e n t , t o g e t h e r with changes f o r the week and t h e year ended November J , 1934, 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 ) Nov. 7. 1934 Loans and investments - t o t a l I n c r e a s e or decrease s i n c e O c t . 11.1934 Nov. 8, 1913 +1,118 17,837 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 3,010 -4l -580 664 148 2,198 - 5 - 7 -29 +14 -22 -572 Acceptances and commercial p a p e r Loans on r e a l e s t a t e . Other loans 463 984 3,284 -30) 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 g u a r a n t e e d by U.S.Govt. Other s e c u r i t i e s 6,683 550 2,863 +44 +21) + 1) +1,536 +434 Reserve with F . R. banks Cash i n v a u l t 2,990 286 +21 -27 +1,112 + 60 13,447 4,462 853 -29 -12 +2 +2,916 -33 -146 1,580 -3 +48 +426 +1,284 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 Borrowings from F . R. banks 3,960 2 -272 -19 f e d e r a l Reserve Board November 8, 1934. f o r 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 d o l l a r s ) Nov. 7 1934 O c t . 31 1934 Nov. 8 1933 NEW YORK Loans and i n v e s t m e n t s - t o t a l 1,123 7,123 6,778 Loans &n 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 1,381 1,417 1,657 526 50 8 05 564 58O 50 S03 1,031 Acceptances and commercial paper Loans on r e a l e s t a t e Other l o a n s 246 133 1,269 242) 134) 1,273) 46 1,771 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 . G o v t . Other s e c u r i t i e s 2,830 265 Reserve w i t h F. R. bank Cash i n v a u l t 1,339 1,425 44 796 52 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 6,406 643 473 6,488 647 473 5,169 Due from banks Due to banks 64 59 1,635 1,652 77 1,179 1,525 1,526 1,213 212 237 341 27 19 27 23 187 15 51 275 999 2,804 254) 994) 2,231 l,H9 44 446 Borrowings from F. R. bank CHICAGO Loans and i n v e s t m e n t s - t o t a l 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 Acceptances and commercial paper Loans on r e a l e s t a t e Other l o a n s 1Gb SI 54 20 229 236) 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 . G o v t . Other s e c u r i t i e s 695 77 689 77) 218 215) Reserve - w i t h F . R. bank Cash i n v a u l t 470 38 491 1,474 1,491 379 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 Borrowings from F . R. bank"* 380 29 16s 444 36 29 340 323 209 3 36 1,047 350 48 163 171 433 265 — — —— (B-S04a) it or immmAiate r e l e a s e BY DISTRICTS, ON NOVEMBER 7, 1934 PRINCIPAL ASSETS AND LIABILITIES OF WEEKLY REPORTING MEMBER BASICS IN LEADING- CITIES, B-S04b ( 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 .gx? 1,165 . l y(..vLLi— St. Minn- Kansas San New Phila- Cleve- Rich- York delphia land mond 8,035 1,051 1,174 359 342 1,917 524 368 582 429 1,891 A t l a n t a Chicago Louis e a p o l i s Dallas City Francisco 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 : I n New York Outside New York To o t h e r s T 010 ) « VJ.U 219 1,583 203 179 59 61 282 69 36 55 49 215 664 i4s 2,198 19 32 168 551 53 979 17 15 171 2 6 29 21 232 4 4 6l 1 1 34 6 20 46 4 1 44 187 Acceptances and commercial p a p e r Loans on r e a l e s t a t e Other l o a n s 463 984 3,284 s 249 20 6 279 8 9 37 22 14 119 3 25 117 23 3^4 321 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 g u a r a n t e e d by U.S.Govt. Other s e c u r i t i e s 6,683 352 2,863 162 Reserve w i t h F. R. Banks Cash i n v a u l t 2,990 286 13,447 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 Borrowings from F . R. banks 550 4,462 853 1,580 3,960 2 6 1 52 5 3 53 10 16 1,431 82 3 11 176 4 76 129 110 304 105 3,016 574 21 191 127 7 58 97 11 49 872 96 188 21 95 149 285 1,220 283 32 264 217 69 l,4il 125 56 15 12 28 7 510 65 157 19 95 9 922 6,854 695 676 242 187 1,724 10 % 116 212 251 1,069 496 128 1,700 2 171 47 457 33 236 112 175 3 88 111 131 19 68 80 262 48 5 47 240 546 7 111 244 13 8 606 $ 115 ?6 44 61 4 91 12 81 10 15s 16 8? 21 263 125 8 470 166 15 312 726 97 83 lis 188 129 ISO 166 56 269 143 934 53 204
@FedFRASER