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STATEMENT FOR THE PRESS Form FR-28U For i m m e d i a t e r e l e a s e Board of G o v e r n o r s of t h e F e d e r a l R e s e r v e Systesn November 1 2 , 19U0 C o n d i t i o n of Weekly R e p o r t i n g Member Banks i n 101 L e a d i n g C i t i e s The c o n d i t i o n s t a t e m e n t of w e e k l y r e p o r t i n g member b a n k s i n 101 l e a d i n g c i t i e s shows t h e f o l l o w i n g p r i n c i p a l c h a n g e s f o r t h e week ended November 62 I n c r e a s e s of $ 5 4 , 0 0 0 , 0 0 0 i n c o m m e r c i a l , i n d u s t r i a l , and a g r i c u l t u r a l l o a n s , $1:0,000,000 i n l o a n s t o b r o k e r s and d e a l e r s i n s e c u r i t i e s , and $ 7 1 # 0 0 0 , 0 0 0 i n h o l d i n g s of o b l i g a t i o n s g u a r a n t e e d by t h e U n i t e d S t a t e s Government, d e c r e a s e s of $ 7 9 * 0 0 0 , 0 0 0 i n h o l d i n g s of " O t h e r s e c u r i t i e s " , $ 1 9 8 , 0 0 0 , 0 0 0 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 R e s e r v e B a n k s , and $ 2 6 6 , 0 0 0 , 0 0 0 i n demand d e p o s i t s - a d j u s t e d , and a n i n c r e a s e of $223,000,000 in d e p o s i t s c r e d i t e d t o domestic banks. C o m m e r c i a l , i n d u s t r i a l and a g r i c u l t u r a l l o a n s i n c r e a s e d somewhat i n e v e r y Federal Reserve d i s t r i c t . The t o t a l i n c r e a s e a t a l l r e p o r t i n g member b a n k s was $54,000,000. H o l d i n g s of U n i t e d S t a t e s Government bonds i n c r e a s e d $ 3 3 , 0 0 0 , 0 0 0 i n New York C i t y and $ 2 8 , 0 0 0 , 0 0 0 a t a l l r e p o r t i n g member b a n k s , and d e c r e a s e d $ 2 2 , 0 0 0 , 0 0 0 i n t h e Chicago d i s t r i c t . H o l d i n g s of o b l i g a t i o n s g u a r a n t e e d by t h e U n i t e d S t a t e s Government i n c r e a s e d $ 6 7 , 0 0 0 , 0 0 0 i n New York C i t y and $ 7 1 , 0 0 0 , 0 0 0 a t a l l r e p o r t i n g member b a n k s * H o l d i n g s of " O t h e r s e c u r i t i e s " d e c r e a s e d $ 8 2 , 0 0 0 , 0 0 0 i n New York C i t y and $ 7 9 , 0 0 0 , 0 0 0 a t a l l r e p o r t i n g member b a n k s . Demand d e p o s i t s - a d j u s t e d d e c r e a s e d $ 1 7 8 , 0 0 0 , 0 0 0 i n New York C i t y , $ 6 9 , 0 0 0 , 0 0 0 i n t h e C h i c a g o d i s t r i c t , and $ 2 6 6 , 0 0 0 , 0 0 0 a t a l l r e p o r t i n g member b a n k s . Time de* p o s i t s i n c r e a s e d $ 2 0 , 0 0 0 , 0 0 0 i n t h e San F r a n c i s c o d i s t r i c t , $ 1 1 , 0 0 0 , 0 0 0 i n New York C i t y , and v 3 U , 0 0 0 , 0 0 0 a t a l l r e p o r t i n g member b a n k s . D e p o s i t s c r e d i t e d t o d o m e s t i c b a n k s i n c r e a s e d $ 1 2 8 , 0 0 0 , 0 0 0 i n New York C i t y , $ 1 9 , 0 0 0 , 0 0 0 i n t h e C h i c a g o d i s t r i c t , $ 1 6 , 0 0 0 , 0 0 0 i n t h e D a l l a s d i s t r i c t and $ 2 2 3 , 0 0 0 , 0 0 0 a t a l l r e p o r t i n g member b a n k s . 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 r e p o r t i n g member b a n k s , t o g e t h e r w i t h c h a n g e s f o r t h e week and t h e y e a r ended November 6 , I9U0, 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 ) I n c r e a s e or d e c r e a s e s inc e Nov. O c t . 30, 6 Nov, 8 , 19U0 ASSETS Loans and I n v e s t m e n t s - t o t a l 224*729 19W 1939 +127 +1,894 Loans - t o t a l C o m m e r c i a l , i n d u s t r i a l , and a g r i c u l t u r a l l o a n s Open m a r k e t p a p e r Loans t o b r o k e r s and d e a l e r s i n s e c u r i t i e s O t h e r l o a n s f o r p u r c h a s i n g or c a r r y i n g s e c u r i t i e s Real e s t a t e loans Loans t o b a n k s Other l o a n s 9,008 U,82? 30U U50 i+52 1,222 36 1,717 Treasury b i l l s Treasury notes U. S. bonds O b l i g a t i o n s g u a r a n t e e d by U. S. G o v ' t Other s e c u r i t i e s 751 1,827 6,832 2,698 3,613 - 79 + 1)2+8 + 26$ 11,832 -198 +1,980 6 + 69 + 250 R e s e r v e w i t h F e d e r a l R e s e r v e Banks Cash i n v a u l t Balances w i t h domestic banks 520 3,339 + 99 + 3k + U87 + 1+97 mmmm + 1+0 - 3 «"-» + mm w + 12 Ikk 48 38 1 8 + 157 + 15 - 7 + 28 + - 49 3i£ + 983 + ? 1 + 20 L I A B I L I T I E S Demand d e p o s i t s - a d j u s t e d Time d e p o s i t s TJ. S* Government d e p o s i t s Inter-bank deposits: Domestic b a n k s F o r e i g n banks Borrowings 21,592 5,383 532 -266 + 3k + k 8,930 667 1 +223 - 1 W — +2,932 133', 3 + + 978 - 54 Fbrm F. R. 284 STATEMENT FDR THE PRESS Board of Governors of the Federal Reserve System November 7, 1940 For immediate release ASSETS AND LIABILITIES OF WEEKLY REPORTING MEMBER BANKS IN CENTRAL RESERVE CITIES (in millions of dollars) New York City Increase or Nov, decrease since 6 Oct. 30, Nov, 8 1940 1940 1939 Chicago Increase or decrease since Hov. 8 Oct, 30 1940 1939 Nov. 6 1940 987 2,321 " 5 ASSETS Loans and Investments - t o t a l 9,758 + 80 Loans - t o t a l 2,942 + 53 + 3 654 + 9 + 84 1,843 79 326 + 16 + 169 36 141 459 + + + 4 1 2 + + 64 5 5 13 3 3 18 59 19 + 1 - Commercial, i n d u s t r i a l , and agricultural loans Open market paper Loans to brokers and dealers Other loans for purchasing or carrying s e c u r i t i e s Real e s t a t e loans Loans to banks Other loans 157 117 29 391 - — + 36 — — — + 1 - ** + + + 2.3 30 — — — + *•* 1 329 957 2,671 + 15 - 6 + 33 + + 186 113 522 297 134 768 1,518 1,341 + 67 + + 386 - 82 149 105 363 Reserve vrith F» R. Banks Cash i n vault Balances rath domestic banks Other a s s e t s — net 6,627 90 83 334 -120 1,198 44 272 45 — 41 + l 3 7 +1 ,141 + 5 + 12 43 9,853 721 36 -178 + 11 + 1 +1 ,588 + 55 13 1,994 508 94 — 45 3,868 610 +128 + — 2 - + + 8 5 — «• Treasury b i l l s Treasury notes U, S. bonds Obligations guaranteed by U. S, Gov*'t Other s e c u r i t i e s *» 2Al ~ 2 - 1 - 11 + 4* 195 116 + 101 — — — - - 4" - 13 + 8 + + + + 1 — 53 30 65 2 30 3 L I A B I L I T I E S Demand deposits—adjusted Time deposits U. S, Gov't deposits Inter-bank deposits I Domestic banks Foreign banks Borrowings Other l i a b i l i t i e s CAPITAL ACCOUNTS 452 38 999 6 — 297 1,507 + + 1 9 + + 31 27 — . + + 1.83 + 125 6 8 31 — — + f —» —» 16 + 263 + 7 1 — — 1 2 mm — - 6 Form F. R. 284-b ASSETS AED LIABILITIES OF WEEKLY REPORTING MEMBER BMKS IN 101 READING CITIES ON NOVEMBER 6, 1940 (in millions of dollars) Total Fed e r a 1 Res e r v e Di s t r i e t All Hew Rich- Atlanta j! Chicago St. Mimie- j Kans-ne|Dallas ClevePhilaSan Boston districts York mond,delphia land Louis apolisI City Francisco ASSETS Loans and Investments — t o t a l Loans - t o t a l Commercial, i n d u s t r i a l , and agricultural loans Open market paper •Loans t o brokers and dealers in s e c u r i t i e s Other loans for purchasing or carrying s e c u r i t i e s ' Real e s t a t e loans Loans to banks Other loans Treasury b i l l s Treasury notes U.S. bonds Obligations guaranteed by U. S. Gov't Other s e c u r i t i e s Reserve with F. R. Bank Cash i n vault Balances with domestic banks Other a s s e t s - net L I A B I L I T I E S Demand deposits—adjusted Tine deposits U.S. Gov't deposits Inter-bank deposits: Domestic banks Foreign banks Borrowings Other l i a b i l i t i e s CAPITAL ACCOUNTS 24,729 1,227 10,630 1,206 1,9^1 737 680 3,513 738 425 725 566 2,341 9,008 637 3,302 480 7U0 294 348 1,041 349 213 328 292 984 4 , 82? 304 450 319 70 12 1,967 84 330 230 37 22 301 8 18 136 12 3 180 2 7 632 43 36 199 9 4 111 3 1 195 21 3 197 2 3 360 13 11 452 1,222 36 1,717 17 80 32 50 24 181 1 207 14 47 10 33 68 127 12 58 2 65 7 12 40 385 79 9 31 1 68 13 23 138 206 195 29 491 54 175 22 37 352 57 122 330 997 2,900 1,598 1,503 11,832 520 3,339 l,2li2 682 194 73 6,811 111 238 462 21,592 5,383 532 1,395 232 13 8,930 667 1 751 1,827 6,632 2,698 3,613 74 l 3,816 1 1 108 mm mm l mm mm mm *** 82 115 135 7 138 638 i4o 278 6 117 200 53 67 3 37 113 66 113 11 35 160 73 110 20 121 29 42 33 55 94 82 133 38 33 98 45 60 2 66 737 195 357 500 22 227 80 756 228 25 265 39 l h2 201 47 299 264 1,080 270 559 1,542 82 6i4 78 2ii2 13 188 22 115 7 124 17 197 17 303 23 144 12 287 31 473 25 333 276 10,586 1,092 61 1,028 260 1,522 742 hi h3 567 205 34 432 191 42 2,940 980 138 519 192 15 329 117 3 555 147 20 497 134 32 1,222 1,091 84 391 22 3,966 611 465 5 h9h l 353 311 2 1,333 7 375 170 434 283 1 355 17 1 19 21+8 3o4 1,632 14 216 17 384 37 98 10 96 21 410 6 96 7 61 3 106 4 89 299 380 lb5 mmmm 28 339 90 269 hi 365 94 lh 1
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