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Form FRr-284 STATEMENT FOR THE PRESS For immediate r e l e a s e Board of Governors of the Federal Reserve System November 21, 1938 Condition of Weekly Reporting Member Banks In 101 Leading C i t i e s The condition statement of weekly reporting member banks i n 101 leading c i t i e s shows the following p r i n c i p a l changes f o r the week ended November 16: Increases f o r the week of $16-4,000,000 i n reserve balances with Federal Reserve banks and $171,000,000 i n deposits credited to domestic banks, and a decrease of $23,000,000 i n holdings of "Other s e c u r i t i e s " . Commercial, i n d u s t r i a l , and a g r i c u l t u r a l loans declined $5,000,000 in New York City, #6,000,000 i n the San Francisco d i s t r i c t and $3>000,000 at a l l reporting member banks, and increased somewhat in other d i s t r i c t s . Holding of United S t a t e s Government direct obligations declined $13,000,000 i n the Chicago d i s t r i c t and $4,000,000 i n New York City and increased $10,000,000 in the Boston d i s t r i c t and $11,000,000 i n the San Francisco d i s t r i c t * Holdings of obligations f u l l y guaranteed by the United States Government declined $6,000,000 i n the Chicago d i s t r i c t and increased $5,000,000 in New York City. Holdings of "Other s e c u r i t i e s " declined $25,000,000 in New York City and 823,000,000 at a l l r e porting member banks. Demand deposits—adjusted declined $27,000,000 i n the Boston d i s t r i c t and i n creased $14-,000,000 i n New York City, $8,000,000 i n the Chicago d i s t r i c t and 910,000,000 i n the Dallas d i s t r i c t . Deposits credited to domestic banks increased $87,000,000 i n New York City and $171,000,000 at a l l reporting member banks. Deposits credited t o foreign banks i n creased $30,000,000 i n New York City. Borrotdijgs of weekly reporting member tanks amounted t o 53#000,000 on November 16. A summary of the 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 reporting member banks, t o gether with changes f o r the week and the year ended November 16, 1938, follows * Nov. 16, 1938 ASSETS Loans and Investments - t o t a l 21,335 Increase or decrease since Nov. 17, Nov. 9, 1938 1937 - 29 - 4 3* 5 2 1 195 Loans - t o t a l Commercial, i n d u s t r i a l , and a g r i c u l t u r a l loans . Open market paper Loans t o brokers and dealers i n s e c u r i t i e s Other loans f o r purchasing or carrying s e c u r i t i e s Real e s t a t e loans Loans t o banks Other loans 8,323 3,894 347 715 571 1,165 108 1,523 + + - 9 + 4* -1,209 — 844 - 138 - 150 87 — 4 + 43 29 U. S. Government d i r e c t obligations Obligations f u l l y guaranteed by U. S. Gov't Other s e c u r i t i e s 8,140 1,678 3,194 - 1 - 1 - 23 + 166 + 553 + 295 Reserve with Federal Reserve banks Cash in vault Balances with domestic banks 7,148 431 2,522 +164 - 28 + 91 +1,783 + 117 + 655 15,720 5,137 534 + 9 +1,108 - 159 + 118 L I A B I L I T I E S Demand deposits-adjusted Time deposits U. S. Government deposits Inter-bank d e p o s i t s : Domestic banks Foreign banks Borrowings 6,353 486 3 — - 1 +171 + 31 — +1,231 + 53 1 *!Jov. 9 f i g u r e s r e v i s e d . (St. Louis d i s t r i c t ) Form FR-285-a STATEMENT FOR THE PRESS Board of Governors of the Federal Reserve System November 17, 1938 For immediate r e l e a s e ASSETS AND LIABILITIES OF WEEKLY REPORTING MEMBER BANKS IN CENTRAL RESERVE CITIES (in millions of d o l l a r s ) Hew York City Inere ases or Nov, decree•S3 eince 16 Nov. 91Nov, 17 1938 1938 1 1937 Nov, 16 1938 Chicago lucre;ise or decrease since Nov, 9 Nov. 17 1938 1937 ASSETS Loans and Investments - t o t a l 7,736 — 29 Loans - t o t a l 2,955 - 5 1,420 139 576 - 5 Commercial, i n d u s t r i a l , and a g r i c u l t u r a l loans Open market paper Loans t o brokers and d e a l e r s Other loans f o r 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 202 118 86 41-4 — + 131 1,913 - 17 - 32 - 623 521 + 1 —156 • 44o 343 20 29 + -115 - 11 - 8 66 11 - - 2 — + 3 — — - + — 6 + 1 — - 51 125 34 15 58 16 2 — - 2 1 52 + 2 - 11 - 3 - 2 — 6 39 938 — 14 + 26 — —— • — U# S. Gov't o b l i g a t i o n s Obligations f u l l y guaranteed by U# S, Gov't Other s e c u r i t i e s 2,919 - 798 1,064 + 5 - 25 + 4l4 + 117 124 330 - 7 + 3 + 24 + 74 Reserve with F. R. bank Cash i n v a u l t Balances with domestic banks Other a s s e t s - net 3,890 61 77 455 +155 - 10 + 2 + 18 +1,339 + 7 + 5 30 888 + 49 - 1 + 4 +300 + 6 + 60 - 10 Demand deposits — adjusted Time'deposits U» S, Gov't deposits Inter—bank deposits* Domestic banks Foreign banks 6,621 601 114 + l4 + 3 - +125 + 13 + 17 2,625 428 + 87 + 30 Borrowings Other l i a b i l i t i e s Capital account 3 341 1,486 + 3 - 1 4 35 211 51 L I A B I L I T I E S — — + 150 114 1,592 466 62 + 19 + 666 + 33 699 7 + 17 + — — — + 788 3 42 6 16 256 —— —— +161 + 1 —— - 1 — - 3 +10 Form FR—284-b ASSETS MD LIABILITIES OF WEEKLY REPORTING MEMBER BANKS IN 1 0 1 LEADING CITIES ON NOVEMBER 1 6 , 1 9 3 8 Boston Mew York 1,148 8,323 590 federal Reserve Districl P h i l a - Cleve- Rich- Atlanta St. Minne- Kansas Chicago delphia land mond City Louis apolis Dallas San Francisco 1,827 669 595 2,972 697 378 653 526 2,137 3,338 424 648 240 307 826 316 164 252 241 977 262 69 26 1,530 149 582 186 24 18 237 11 24 110 10 3 172 3 6 472 35 33 193 3 6 82 4 153 18 4 159 1 2 338 20 10 571 1,165 108 1,523 32 82 3 116 269 221 86 501 33 58 1 104 34 171 2 169 16 32 1 68 15 28 1 82 77 12 22 1 42 13 21 112 49 8 44 45 50 381 1 177 U. S. Gov't obligations Obligations f u l l y guaranteed by H#S*Gov*t• Other s e c u r i t i e s 8,XAo 1,678 3,194 400 30 128 3,158 857 1,228 343 96 289 807 93 279 323 4i 65 158 43 87 1,434 238 474 221 61 99 159 14 4i 222 51 128 190 39 56 725 115 320 Reserve with F. R. bank Cash i n vault Balances with domestic banks Other assets — n e t 7,148 431 2,522 1,256 307 l4l 139 75 4,026 77 179 5-44 250 18 172 84 374 4o 284 104 147 18 163 35 106 11 142 4o 1,096 68 407 83 162 11 133 23 70 6 116 159 11 289 22 109 10 226 27 342 20 272 203 15,720 5,137 534 1,015 250 10 7,187 993 127 773 1,113 290 742 29 38 432 199 21 343 184 34 2,299 884 100 443 186 16 278 119 492 144 20 423 132 31 922 1,014 106 6,353 250 21 2,700 430 324 256 1 235 1 928 284 378 222 292 15 23 241 3 352 1,615 17 227 28 95 91 3 97 83 CO Loans -> t o t a l Commercial, i n d u s t r i a l , and a g r i c u l t u r a l loans Open market paper Loans t o brokers and dealers i n securi Other loans f o r purchasing or carrying s e c u r i t i e s Real e s t a t e loans Loans t o banks Other loans r\ 8,581 1,152 8 21,335 IS ASSETS Loans and Investments - t o t a l Total All districts 1 7 7 6 3 1 6 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 account 486 3 783 3,676 7 362 1 20 362 6 8 21 3 8 6 6 91 2 1 2 2 1 7 57 1 6 294 331
@FedFRASER