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Form FR-284 STATEMENT FOR THE PRESS For immediate r e l e a s e Board of Governors of t h e F e d e r a l Reserve System November 27, 1939 Condition of Weekly Reporting Member Banks i n 101 Leading C i t i e s The 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 101 leading 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 changes f o r the week ended November 22$ I n c r e a s e s of $26,000,000 i n commercial, 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 , $32,000,000 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 , $92,000,000 i n r e s e r v e b a l a n c e s with F e d e r a l Reserve banks and $314,000,000 i n demand deposits—adjusted, and a decrease of $189,000,000 i n d e p o s i t s c r e d i t e d t o domestic banks* 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 i n c r e a s e d $28,000,000 i n New York City and $26,000,000 a t a l l r e p o r t i n g member banks* Holdings of United S t a t e s Treasury b i l l s i n c r e a s e d $1-4,000,000 i n New York C i t y , $12,000,000 i n t h e Kansas City d i s t r i c t and $11,000,000 a t a l l r e p o r t i n g member banks, and decreased $10,000,000 i n t h e Chicago d i s t r i c t . Holdings of Treasury n o t e s decreased $13,000,000. Holdings of "Other s e c u r i t i e s " i n c r e a s e d $9,000,000 i n New York City and $6,000,000 a t a l l r e p o r t i n g member banks. Demand d e p o s i t s - a d j u s t e d i n c r e a s e d $202,000,000 i n New York C i t y , $26,000,000 i n t h e Chicago d i s t r i c t , $13,000,000 i n the P h i l a d e l p h i a d i s t r i c t , $12,000,000 i n t h e San Francisco d i s t r i c t , $11,000,000 i n t h e Cleveland d i s t r i c t , $10,000,000 i n the Richmond d i s t r i c t , and $314,000,000 a t a l l r e p o r t i n g member banks. Deposits c r e d i t e d t o domestic banks decreased $42,000,000 i n the Chicago d i s t r i c t , $ 3 6 , 0 0 0 , 0 0 0 i n New York City, $17,000,000 i n t h e Cleveland d i s t r i c t , $16,000,000 i n t h e Kansas City d i s t r i c t , $15,000,000 i n t h e P h i l a d e l p h i a d i s t r i c t , and $189,000,000 a t a l l r e p o r t i n g member banks. Borrowings o f weekly r e p o r t i n g member banks amounted t o $1,000,000 on November 22. 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 banks, t o g e t h e r with changes f o r the week and t h e year ended November 22, 1939, follows1 ( 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 decrease since Nov* ! Hov, 23, Nov. 15, 22, 1938 1939 1939 ASSETS +1,786 + 78 23,092 Loans and Investments - t o t a l + 314 + 68 8,617 Loans - t o t a l + 26 519 4,388 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 — 26 + 3 315 Open market paper — 85 + 32 620 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 74 497 Other loans f o r purchasing o r carrying s e c u r i t i e s + + 2 21 1,189 Real e s t a t e l o a n s —• 77 36 - 3 Loans t o banks + + 8 36 1,572 Other loans —"- Treasury b i l l s Treasury notes U. S. bonds O b l i g a t i o n s guaranteed by U. S. Gov't Other s e c u r i t i e s 731 2,166 5,829 2,405 3,344 + 11) - 13) + 3) + 3 + 6 Reserve with F e d e r a l Reserve banks Cash i n v a u l t Balances with domestic banks 9,790 483 3,079 + 92 + 8 - 87 +2,527 + 44 + 622 18,918 5,2.52 534 +314 - 4 + 1 +3,002 + 127 — 3 7,930 711 1 -189 +1,731 + 207 2 + 597 + 723 4- 152 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 U. S. Government d e p o s i t s Inter—bank d e p o s i t s : Domestic banks Foreign banks Borrowings — Form FR—• 2.84 STATEMENT FOR THE PRESS Board of Governors of t h e Federal. Reserve System November 2-4, .1939 For innediate r e l e a s e ASSETS AND LIABILITIES OF WEEKLY REPORTING MEMBER BANKS IN CENT FULL RESERVE CITIES (in m i l l i o n s of d o l l a r s ) New York City Increase or decrease since Nov. 15, Nov. 23, 1938 1939 Nov. 22, 1939 Nov. 22, 1939 Chicago I n c r e a s e or decrease since Nov. 23, Nov. 15, 1938 1939 ASSETS Loans and Investments - t o t a l 8,930 + 72 +1,,2h9 2,077 Loans - t o t a l 3,003 + 6o + 63 ' 578 + 2 1,710 lll+ h9h 4* 2 8 + 302 22 7k 1+01 19 26 + 2 4- + — 36 66 ill -- + mm mm -« - • 52 — — 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 to 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 t o banks Other loans 168 115 26 376 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 555 8Ul 2,131 Reserve with F. R. banks Cash i n v a u l t Balances with domestic banks Other a s s e t s - net 5,509 83 79 1+13 1,206 1,19U + h 31 3 - + + + - + - — + - 1+ - - - - - 63 . l+o ! • • ) 5) l) 7 9 6o 7 1 h5 + + + + 61+7 79 2hh 666 1+02 137 173 337 i,,l+8l+ 16 5 ** a l,lll+ la 21l6 1+8 + ,711 68 66 1,820 501 63 + 8/47 + 203 875 8 b5 8 15 2 Uk + 10 - + 61 59 -- 10) 5) 1 3 + 1+8 + 56 10 ) 3 - • •f + - —- + 175 1 1 - + 11 l 3 26 + 444- 2ll+ 6 35 3 Borrowings Other l i a b i l i t i e s CAPITAL ACCOUNTS 8 , 1 : 5 8 667 1+8 + 2 0 2 - a 288 1,1+79 - - 36 1 + 21 3,b30 6 3 — y 4- 28 + 44- •* 23 2 1 25 4- ro Demand d e p o s i t s - a d j u s t e d Time deposits U, S. Gov't d e p o s i t s Inter—bank d e p o s i t s t Domestic banks Foreign banks F L I A B I L I T I E S 3k I 193 1 2 12 ASSETS AND LIABILITIES OF WEEKLY REPORTING MEMBER BANKS IN 101 LEADING CITIES ON NOVEMBER 22, 1939 ( i n m i l l i o n s of d o l l a r s ) Total Federal Reserve District New All Cleve- RichSt. Minne- Kansas P h i l a San Atlanta Chicago Boston Dallas districts York City delphia land mond Louis a p o l i s Francisco ASSETS Loans and Investments - t o t a l 701 407 691 315 3,147 907 338 193 117 14 2 174 4 5 54O 35 30 204 8 4 15 39 76 110 73 11 32 1 88 116 13 52 3 54 39 323 102 275 11 214 599 121 279 3 184 129 55 66 5 39 97 72 96 82 427 928 311 492 3 55 135 74 96 33 113 25 43 5,639 102 203 547 433 19 214 102 518 44 351 102 188 22 215 41 124 13 201 46 1,387 73 544 81 220 11 186 23 1,187 236 14 9,109 1,039 67 953 279 52 1,321 733 41 491 201 28 394 191 40 2,611 945 111 7,930 711 324 24 3,520 646 406 6 433 1 311 1 278 1 1 720 3,707 1 20 246 16 222 17 372 34 97 9 95 697 260 624 427 1,903 679 1,823 119 498 196 24 21 2,53 6 20 21 81 1 126 225 202 26 465 31 56 1 98 26 174 3 197 731 2,166 5,829 2,405 3,344 22 57 335 50 122 555 897 2,310 1,303 1,363 9,790 483 3,079 1,329 469 143 167 82 18,918 5,252 534 23,092 8,617 1,191. 605 9,786 1,166 3,358 4,388 315 620 291 63 22 497 1,189 36 1,572 Treasury b i l l s Treasury n o t e s U. S. bonds O b l i g a t i o n s 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 v a u l t Balances with domestic banks Other a s s e t s - n e t 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 d e a l e r s 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 l o a n s Loans t o banks Other loans 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 U. S. Gov't d e p o s i t s Inter-bank deposits: Domestic banks Foreign banks Borrowings Other l i a b i l i t i e s CAPITAL ACCOUNTS • •• 1 —— 292 541 276 2,238 967 104 3 1 179 17 3 185 2 2 322 20 12 7 9 10 26 1 56 14 22 48 386 69 —• — 51 179 27 83 99 57 133 23 54 78 52 58 — 84 683 I83 321 103 7 114 17 189 16 319 22 135 11 .279 33 385 22 286 233 479' 190 19 310 119 3 539 145 23 471 138 30 1,053 1,036 106 1,153 9 351 148 1 425 269 312 22 20 383 6 96 8 59 3 102 4 87 289 346 — — — — 294 1,602