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Form FR-284 For immediate r e l e a s e STATEMENT FOR THE PRESS Board of Governors of the Federal Reserve System November 29, 1937. Condition of Weekly Reporting Member Banks i n 101 Leading C i t i e s The condition statement 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 shows t h e following p r i n c i p a l changes f o r the week ended November 24: Decreases of #55,000,000 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 loans and -332,000,000 i n "Other s e c u r i t i e s " , and an i n c r e a s e of $16,000,000 i n loans t o brokers and d e a l e r s i n s e c u r i t i e s ; an i n c r e a s e of $53,000,000 i n demand deposits—adjusted, and decreases of $106,000,000 i n d e p o s i t s c r e d i t e d t o domestic banks and $13,000,000 i n d e p o s i t s c r e d i t e d to f o r e i g n 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 decreased §29,000,000 i n New York C i t y , ' $ 8 , 0 0 0 , 0 0 0 i n t h e Chicago d i s t r i c t and $55,000,000 a t a l l r e p o r t i n g member banks. Loans to 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 i n c r e a s e d ^'17,000,000 i n New York City. Holdings of United S t a t e s Government d i r e c t o b l i g a t i o n s i n c r e a s e d £18,000,000 i n New York City, and declined 06,000,000 i n the Chicago d i s t r i c t , a l l reporting^ member banks showing a net decrease of $8,000,000 f o r t h e week. Holdings of o b l i gations f u l l y guaranteed by t h e United S t a t e s Government declined $5,000,000. Holdings of "Other s e c u r i t i e s " declined $27,000,000 i n New York City and $32,000,000 at a l l r e p o r t i n g member banks. Demand deposits—adjusted increased $24,000,000 i n t h e Chicago d i s t r i c t , $9,000,000 i n the Boston d i s t r i c t , $8,000,000 i n New York C i t y , and $53,000,000 at rtl 1 r e p o r t i n g member banks. Time d e p o s i t s decreased $9,000,000 i n New York City and $23,000,000 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 declined i n a l l d i s t r i c t s , t h e p r i n c i p a l decreases being $21,000,000 i n the Kansas City d i s t r i c t , $12,000,000 i n t h e Chicago d i s t r i c t , $11,000,000 i n t h e New York d i s t r i c t , and $9,000,000 i n ^ t h e Richmond d i s t r i c t , t h e t o t a l dedreaBe at a l l r e p o r t i n g member banks being $10t>,000,000. Deposits c r e d i t e d t o f o r e i g n banks declined $13,000,000 i n New York City and at a l l r e p o r t i n g metibSr banks. Borrowings of weekly r e p o r t i n g member banks amounted to $3,000,000 on November 24, a decrease of $1,000,000 f o r t h e week. 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 t h e 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 24, 1937, f o l l o w s t Nov. 24, 1937 ASSETS 21,432 Loans and Investments - t o t a l 9,479 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 loanst 585 On s e c u r i t i e s 4,098 Otherwise secured and unsecured 479 Open market paper 881 Loans t o brokers and d e a l e r s i n s e c u r i t i e s 651 Other l o a n s f o r purchasing o r c a r r y i n g s e c u r i t i e s 1,168 Real e s t a t e l o a n s 64 Loans t o banks 729 Other l o a n s I On s e c u r i t i e s 824 Otherwise secured and unsecured 7,966 U. S. Government d i r e c t o b l i g a t i o n s 1,120 Obligations f u l l y guaranteed by U. S. GovJt 2,867 Other s e c u r i t i e s 5,394 Reserve with Federal Reserve banks 317 Cash i n v a u l t 1,850 Balances with domestic banks L I A B I L I T I E S 14,665 Demand d e p o s i t s - a d j u s t e d 5,273 Time d e p o s i t s 418 U. S. Government d e p o s i t s 5,016 I n t e r - b a n k d e p o s i t s I Domestic banks 420 Foreign banks 3 Borrowings ^Comparable f i g u r e s not a v a i l a b l e . I n c r e a s e o r decrease since Nov. 25, Nov. 17, 1936 1937 -98 -53 -4 -51 -6 +16 -7 -1 -1 -2 +3 -8 -5 -32 +29 +3 -17 +53 -23 +2 -106 -13 -1 -969 +700 * * * -299 * +14 * * -1,212 -127 -330 -37 -90 -625 -799 +239 -31 -1,212 -34 +1 Form FRr-284~n STATEMEHT FOR THE PRESS Board of Governors of the Federal Reserve System November 26, 1937 For immediate r e l e a s e ASSETS AND LIABILITIES OF WEEKLY REPORTING MEMBER BANKS IN CENTRAL RESERVE CITIES ( i n m i l l i o n s of d o l l a r s ) Chicago New York City 1 9 3 7 1 9 3 b 19 3 6 19 3 7 Nov. 24 Nov. 17 Nov. 25 Nov. 24 Nov. 17 Nov. 25 ASSETS Loans and Investments - T o t a l Loans — T o t a l 7,833 7,867 8,625 1,945 2,042 668 677 582 32 419 30 37 33 425 31 37 * * 77 14 2 * 3,559 3,578 237 1,594 190 718 239 1,621 190 701 233 132 27 236 133 28 131 32 77 13 2 2.35 193 236 194 * * 22 36 22 36 * * 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 2,976 2,958 3,699 907 912 1,100 378 920 384 947 454 1,017 100 256 100 256 97 263 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 2,569 59 69 483 2,551 54 72 485 2,602 60 81 489 600 29 160 61 588 29 151 61 654 37 187 71 5,841 742 228 5,833 751 228 6,405 592 82 1,485 453 45 1,467 453 45 1,596 436 47 1,952 382 1,959 395 2,541 415 528 6 538 6 649 5 383 1,480 2 376 1,444 18 2,46 19 246 "24 234 Commercial,industrial., and agricxiltural loans i On s e c u r i t i e s Otherwise secured & unsecured Open market paper Loans to b r o k e r s and d e a l e r s Other loans f o r purchasing o r carrying s e c u r i t i e s Real e s t a t e l o a n s Loans to banks Other loans t On s e c u r i t i e s Otherwise secured & unsecured 3,455 1,931 * * * 1,006 * • * 37 14 6 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 d e p o s i t s t Domestic banks Foreign banks Borrowings Other l i a b i l i t i e s Capital account 388 1,400 *Comparable f i g u r e s not a v a i l a b l e Form FR-284-b ASSETS AND LIABILITIES OF WEEKLY REPORTING MEMBER BANKS IH 101 LEADING CITIES Oil NOVEMBER 24, 1937 (in m i l l i o n s of d o l l a r s ) Total All districts ASSETS Loans and Investments - t o t a l 21,432 Loans - t o t a l 9,479 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 loans I On s e c u r i t i e s 585 4,098 Otherwise secured & unsecured 479 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 881 Other loans f o r purchasing o r 651 carrying s e c u r i t i e s 1,168 Real e s t a t e loans 64 Loans to banks Other l o a n s i On s e c u r i t i e s 729 Otherwise secured and unsecured 824 U. S. Gov't o b l i g a t i o n s 7,966 O b l i g a t i o n s f u l l y guaranteed by U.S.Gov ' t 1,120 Other s e c u r i t i e s 2,867 Reserve with F. R. bank 5,394 Cash i n v a u l t 317 Balances with domestic banks 1,850 Other a s s e t s - n e t 1,310 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 14,665 Time d e p o s i t s 5,273 U. S_. Gov't d e p o s i t s 418 Inter-bonk deposits t Domestic banks 5,016 Foreign banks 420 Borrowings 3 Other l i a b i l i t i e s 884 C a p i t a l accounts 3,624 Boston New York Federal Reserve 3D i s t r i c t St. MinneP h i l a - Cleve- Rich- Atlanta Chicago Louisj a p o l i s d e l p h i a land mond 1,238 674 8,699 4,002 1,135 462 1,850 711 620 253 554 2.90 2,979 999 658 323 394 187 687 283 507 250 2,111 1,045 35 280 85 30 252 1,718 202 727 44 ' 168 23 19 44 247 18 22 15 98 15 3 12 143 4 6 51 564 52 44 50 146 10 5 11 87 7 1 18 160 24 4 13 148 3 3 40 339 36 17 35 84 6 310 240 27 36 60 2 39 176 3 19 30 3 15 27 3 91 86 6 13 47 9 9 6 13 20 . 1 14 21 1 57 371 3 64 55 4l4 23 127 283 36 110 80 267 259 3,190 423 1,084 2,682 76 142 570 50 60 312 93 268 227 18 127 88 119 43 817 61 261 330 37 174 107 30 40 260 43 64 134 20 143 39 26 54 151 35 78 104 11 98 38 46 59 1,399 189 392 804 60 320 94 12 31 194 46 95 139 11 94 23 12 54 150 14 43 76 5 77 17 15 28 240 48 116 170 12 199 23 10 37 181 27 49 115 11 163 29 78 104 6 58 118 290 330 20 203 202 985 6,368 272 1,152 : 18 235 796 279 8 1,064 743 9 418 197 6 329 185 11 2,214 871 61 408 184 4 268 122 2 494 146 11 404 127 16 917 995 37 200 8 1 26 237 258 3 313 1 214 713 7 112 1 345 — — — — 188 1 245 14 — — — — —• — 19 349 28 93 181 1 2 7 89 232 — — 2,015 384 — — 4)1 l,6l4 — 24 227 — — 23 368 —• —» 8 89 — — — Kansas Dallas San City Francisco «— — — 8 56 3 92 — 8 81 —• 329 329
@FedFRASER