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Form FR-284 For immediate release STATEMENT FDR THE PRESS Board of Governors of the Federal Reserve System November 22, 1937 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 November 17; Decreases of $42,000,000 in commercial, industrial and agricultural loans, $12,000,000 in loans to brokers and dealers in securities,and 045,000,000 in demand deposits-adjusted; increases of $14-2,000,000 in deposits credited to domestic banks, #112,000,000 in balances with domestic banks,/§5o,000,000 in reserve balances with Federal Reserve banks. Commercial, industrial and agricultural loans declined $28,000,000 in New York City and $-42,000,000 at all reporting member banks. Loans to brokers and dealers in securities declined 08,000,000 in New York City and $12,000,000 at all reporting member banks. Loans to banks declined $9,000,000 in New York City. "Other loans" declined $9,000,000* Holdings of United States Government direct obligations increased $29,000,000 in New York City and declined $22,000,000 in the Richmond district, all reporting member banks showing a net increase of $2,000,000 for the week. Holdings of obligations fully guaranteed by the United States Government declined $3,000,000 and holdings of "Other securities" declined $9,000,000, Demand deposits-adjusted declined $17,000,000 in New York City, $42,000,000 elsewhere in the New York district, $10,000,000 in the Chicago district and $8,000,000 in the Richmond district, and increased $15,000,000 in the Cleveland district, $13,000,000 in the San Francisco district and $11,000,000 in the Dallas district, all reporting member banks showing a net decrease of $45,000,000 for the week. Time deposits declined $8,000,000 in New York City and $6,000,000 at all reporting member banks. Deposits credited to domestic banks increased $64-,000,000 in New York City, $22,000,000 in the Kansas City district, $21,000,000 in the Chicago district and $11,000,000 in the San Francisco district, and $142,000,000 at all reporting member banks. Deposits credited to foreign banks declined $14,000,000 in New York City. Borrowings of all weekly reporting member banks amounted to $4,000,000 on November 17. A summary of the principal assets and liabilities of the reporting member banks, together with changes for the week and the year ended November 17, 1937, followsI Nov, 17, 1937 Increase or decrease since Nov. 18, Nov. 10, 1936 1937 ~A~S S E T S Loans and Investments - total 21,530 -78 Loans - total 9,532 -68 Commercial, industrial, and agricultural loanss On securities 589 +1 Otherwise secured and unsecured 4,l49 -43 Open market paper 485 +4 Loans to brokers and dealers in securities 865 —12 Other loans for purchasing or carrying securities 658 —1 Real estate loans 1,169 — — Loans to banks 65 —8 Other loans I On securities 731 —2 Otherwise secured and unsecured 821 —7 U. S. Government direct obligations 7,974 +2 Obligations fully guaranteed by U. S. Gov/t 1,125 -3 Other securities 2,899 -9 Reserve with Federal Reserve banks 5,365 +56 Cash in vault 3l4 —17 Balances with domestic banks 1,867 +112 L I A B I L I T I E S Demand deposits—adjusted 14,612 —45 Time deposits 5,296 —6 U. S, Government deposits 4l6 -Inter—bank deposits* Domestic banks ^ 5,122 +142 Foreign banks 433 -15 Borrowings ; 4 +2 ^Comparable figures not available. -912 +780 * * * -259 * +19 +7 * * -1,260 -136 -296 -106 -90 -638 -787 +267 -105 -1,175 -16 +1 Form FR-284-a STATEMENT FOR THE PRESS Board of Governors of t h e c a l B - e r v e ^ t e m r , r immediate release ASSETS AND LIABILITIES OF WEEKLY REPORTING MEMBER BANKS IN CENTRAL RESERVE CITIES (In millions of dollars) Chicago New York City 19 3 6 1 9 3 7 19 3 6 193 7 Nov. 18 Nov. l7|Nov. 10 Noil. 18 Nov. 171 Nov. 10 ASSETS Loans and Investments - Total 7,867 7,888 8,611 1,945 1,949 2,052 Loans - Total 3,578 3,628 3,415 677 681 586 239 1,621 190 701 235 1,653 188 709 * * * 33 425 31 37 34 * 428 31 38 * * * 236 133 28 237 134 37 * 130 26 77 l4 2 76 14 2 236 194 239 196 * * 22 36 22 36 * * U. S. Gov't obligations Obligations fully guaranteed try U. S. Gov't Other securities 2,958 2,929 3,722 912 912 1,106 384 947 382 949 100 256: 100 256 95 265 Reserve with F. R. bank Cash in vault Balances with domestic banks Other assets - net 2,551 54 72 485 2,499 62 68 482 2,592 56 79 462 . 588 29 151 61 576 28 146 61 660 5,833 751 228 5,850 759 228 6,360 580 97 1,467 453 45 1,474 453 45 1,590 436 1,959 395 1,895 409 2,534 408 538 6 517 6 656 383 1,480 377 1,481 2 377 1,442 19 246 19 246 25 239 Commercial,industrial, and agricultural loanst 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 I On securities Otherwise secured & unsecured 951 463 1,011 34 14 6 36 191 71 L I A B I L I T I E S Demand deposits - adjusted Time deposits U. 8. Gov't deposits Inter-bank deposits t Domestic banks Foreign banks Borrowings Other liabilities Capital account ^Comparable figures not available. 60 4 Form FR-284—b ASSETS AND LIABILITIES OF WEEKLY REPORTING MEMBER BANKS IN 101 LEADING CITIES Oil NOVEMBER 17, 1937 (in millions of dollars) Total All Boston districts ASSETS 21,530 Loans and Investments - total 9,532 Loans — total Commercial,industrial, and agricultural loans: On securities 589 Otherwise secured & unsecured 4,149 Open market paper 435 Loans to brokers and dealers in securities 865 Other loans for purchasing or 658 carrying securities 1,169 Real estate loans 65 Loans to banks Other loans t 731 On securities 821 Otherwise secured and unsecured 7,974 U. S. Gov't obligations 1,125 Obligations fully guaranteed by U.S.Gov 2,899 Other securities 5,365 Reserve with F.R. bank 314 Cash in vault 1,867 Balances with domestic banks 1,308 Other assets - net L I A B I L I TIES l4,6l2 Demand deposits — adjusted 5,296 Time deposits 4l6 U. S. Gov't deposits Interbank deposits: 5,122 Domestic banks 433 Foreign banks 4 Borrowings 877 Other liabilities 3,624 Capital accounts New Federal Reserve District Phila- Cleve- Ri ch- Atlanta Chicago St. Louis land mond San Minn- Kansas Dallas Francisco City eapolis 554 288 2,995 1,010 660 324 397 190 696 715 621 254 287 514 252 2,121 1,047 44 171 22 19 44 251 18 22 15 98 15 3 12 143 A 52 571 54 AA 51 148 10 5 11 89 7 1 18 163 24 4 13 146 4 3 40 339 37 16 313 241 29 36 60 2 40 176 A 19 30 3 15 27 2 91 86 5 13 46 9 9 6 14 20 1 16 21 1 57 372 3 64 54 412 23 126 273 37 109 82 268 259 3,171 429 1,112 2,670 71 147 568 49 59 314 94 269 228 18 135 88 119 41 819 61 262 330 39 183 106 30 4l 262 4l 64 139 19 145 37 25 53 154 34 78 102 11 100 39 47 60 1,405 188 392 795 61 302 92 12 30 193 47 96 137 11 97 23 13 54 150 14 43 77 5 80 16 15 28 244 49 116 168 12 206 23 11 37 185 27 50 112 10 162 29 78 105 66 5 118 291 334 20 201 205 976 272 18 6,359 1,161 235 796 286 8 1,071 413 198 6 323 186 10 2,190 871 61 403 184 4 269 122 2 487 147 10 402 127 16 923 998 37 206 9 2,026 397 1 396 l,6l4 265 3 321 1 1 19 349 223 189 1 2 6 89 725 7 239 117 1 252 l4 ,243 682 8,733 1,139 462 4,021 35 285 88 31 254 1,745 202 710 35 84 6 26 237 23 227 7AA 9 — ** 28 93 7 — — — — — 23 368 — — 9 89 — 7 57 366 193 — — — — — — — — 3 92 8 81 — — 329 328
@FedFRASER