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Form FR-284 STATEMENT FOR THE PRESS For immediate release Board of Governors of the Federal Reserve System November 14, 1938 Condition of Weekly Retorting 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 November 9* Decreases for the week of $46,000,000 in holdings of "Other securities", $132,000,000 in reserve balances with Federal Reserve banks, and #55,000,000 in depand depositsadjusted. Commercial, industrial and agricultural loans declined $8,000,000 in New York City, and increased $4,000,000 in the Philadelphia district,$3,000,000 each ' in the Atlanta and Chicago districts and $5,000,000 at all reporting member banks# Holdings of United States Government direct obligations increased $21,000,000 in New York City and declined $9,000,000 in the Cleveland district, all reporting member banks showing a net increase of $9,000,000 for the week. Holdings of obligations fully guaranteed by the United States Government declined $7,000,000. Holdings of "Other securities" declined $42,000,000 in New York City and $46,000,000 at all reporting member banks. Demand deposits-adjusted declined $89,000,000 in the Chicago district and $55,000,000 at all reporting member banks, and increased $11,000,000 each in the St, Louis and San Francisco districts. Time deposits declined $21,000,000 in New York City and $18,000,000 at all reporting member banks. Deposits credited to domestic banks declined $39,000,000 in New York City and $>37*000,000 at all reporting member banks# Deposits credited to foreign banks declined $20,000,000 in New York City. Borrowings of weekly reporting member banks amounted to $3,000,000 on November 9. A summary of the principal assets and liabilities of reporting member banks, together with changes for the week and the year ended November 9, 1938* follows I ASSETS Loans and Investments — total Nov. 9, 1938 Increase or decrease since Nov. 2, Nov. 10, 1938 3-937 21,364 Loans — total 8,327 Commercial, industrial, and agricultural loans 3 891 Open market paper '342 Loans to brokers and dealers in securities 717 Other loans for purchasing or carrying securities 570 Real estate loans 1,165 Loans to banks 117 Other loans 1,525 - 44 — 244 + + + + -1,273 - 889 - 139 - 160 89 4 + 44 36 U. S, Government direct obligations Obligations fully guaranteed by U.S. Gov't Other securities 8,l4l 1,679 3,217 + 9 - 7 — 46 + 169 + 551 + 309 Reserve with Federal Reserve banks Cash in vault Balances with domestic banks 6,984 459 2,431 -132 + 4o - 35 +1,675 + 128 + 676 15,711 5,137 535 - 55 - 18 - 5 +1,054 - 165 + 119 6,182 455 3 - 37 - 20 + 1 +1,202 + 7 + 1 5* 5 11 l 1 7 4* LIABILITIES Demand deposits—adjusted Time deposits U, S. Government deposits Inter-bank deposits t Domestic banks Foreign banks Borrowings *Nov, 2 figures revised, (St. Louis district) Form FR—285"*a STATEMENT FOR THE PRESS Board of Governors of the Federal Reserve System November 10, 1938 „ . for immediate release ASSETS AND LIABILITIES OF WEEKLY REPORTIBO MEMBER BANKS IN CENTRAL RESERVE CITIES (in millions of dollars) New York City Increase or Nov. decrease since Nov. 2 Nov, 10 9, 1938 1938 1937 Nov. 9, 1938 Chicago Increase or decrease since Nov, 2 Nov. 10 1938 1937 ASSETS 7,765 - 32 Loans - total 2,960 - 8 1,425 139 574 - 5 - 19 668 520 - 1 -161 - 8 - 2 — 4 - 463 49 135 341 20 31 + 3 - 5 -121 - 11 - 7 199 118 92 413 — - 1 + 6 + + 1 ' 38 16 55 22 67 11 50 + 1 - H 1,930 I 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 $ Loans and Investments - total WW— — 9 3 2 8 U. S. Gov't obligations Obligations fully guaranteed by U. 8* Gov't Other securities 2,923 + 21 ' 6 952 - 5 + 4o 793 1,089 - ,3 + 4ii - 42 + • l4o 131 327 + 1 + 31 + 71 Reserve with F.R, bank Cash in vault Balances with domestic banks Other assets - net 3,735 71 75 437 - 86 +1,236 + 10 + • 9 + 7 - 3 ' — 5 45 839 36 207 51 - 95 + 3 - 5 +263 + 8 + 61 - 10 -100 + 1 + 99 + 13 + 17 LIABILITIES Demand deposits — adjusted Time deposits U. S. Gov't deposits Inter—bank deposits* Domestic banks Foreign banks 6,607 598 114 + 6 + 757 - 21 - 161 - 4 -- 114 1,573 466 62 2,538 398 — 39 + 643 - 20 -- 11 682 7 Borrowings Other liabilities Capital account 3 338 1,487 + 1 + - 37 -. — 2 + 3 39 6 — - 3 1 +165 + 1 ___ — 17 256 + 1 - 2 + 10 Form FR-284-b ASSETS AND LIABILITIES OF WEEKLY REPORTING MEMBER BAMS IN 101 LEADING CITIES ON NOVEMBER 9, 1938 Total All Boston New districts York Loans and Investments - total Fedei*al Reserve Distiriot Phila- Cleve- Rich- Atlanta Chicago St. Minne- Kansas Dallas San delphia land mond Louis apolis City Francisco 21,364 1,135 8,615 Loans - total 8,327 Commercial, industrial, and agricultural loans 3,891 Open market paper 342 Loans to brokers and dealers in securities 717 Other loans for purchasing or carrying securities 570 Real estate loans 1,165 Loans to banks 117 Other loans 1,525 586 3,342 424 264 67 25 1,533 148 580 32 82 3 113 U. S. Gov't obligations Obligations fully guaranteed by U.S.Gov't Other securities 8,l4l 1,679 3,217 Reserve with F. R. banks Qash in vault Balances with domestic banks Other assets - net 669 594 2,988 694 378 651 526 2,131 651 238 305 826 315 I63 252 243 982 186 24 18 239 10 25 108 10 3 170 3 6 469 35 36 186 4 6 81 4 1 152 17 5 159 1 2 344 19 10 266 221 93 501 33 58 2 103 34 171 2 170 16 32 1 68 15 28 1 82 78 93 5 110 13 48 8 50 7 7 14 21 63 12 23 1 42 46 50 381 1 177 390 30 129 3,168 852 1,253 345 95 288 807 93 280 324 4l 66 158 43 88 1,447 244 471 218 61 100 159 15 41 222 50 127 189 39 55 714 116 319 6,984 459 2,431 1,235 342 l4l l4l 74 3,874 89 166 526 249 19 169 83 368 4l 274 102 145 20 158 35 108 12 139 4o 1,047 72 4oo 84 166 12 131 23 71 7 114 16 161 13 272 22 109 11 211 27 344 22 256 203 15,711 5,137 535 1,042 251 10 7,174 990 127 776 1,106 292 743 29 38 430 199 21 342 185 35 2,291 883 100 444 187 16 278 119 2 489 143 21 413 132 31 926 1,013 105 6,182 455 247 20 2,611 400 316 7 354 1 255 232 2 902 8 282 122 1 366 218 1 277 15 3 772 3,678 22 241 3 >49 1,616 16 227 20 363 28 94 6 91 21 386 6 83 288 332 1,152 1,831 — ••••• LIABILITIES Demand deposits-adjusted Time deposits V. S. Gov't deposits Inter-bank depositsI Domestic banks Foreign banks Borrowings Other liabilities ^apital account • — 6 '91 7 57 — 3 97
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