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Form FR-284 STATEMENT FDR THE PRESS For immediate r e l e a s e Board of Governors of t h e Federal Reserve System November 6 , 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 following p r i n c i p a l changes f o r the week ended November 1 : I n creases of $18,000,000 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 and $38,000,000 i n holdings of Treasury b i l l s , and a decrease of 433>000,000 i n holdings of "Other s e c u r i t i e s " ; a decrease of 4209,000,000 i n r e s e r v e balances with Federal Reserve banks; decreases of 4165,000,000 i n demand d e p o s i t s - a d j u s t e d and 493>000,000 i n d e p o s i t s c r e d i t e d t o f o r e i g n banks, and an i n c r e a s e of 4102,000,000 i n deposits 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 $9,000,000 i n New York City and 418,000,000 at , 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 451,000,000 i n Hew York City and 438,000,000 at a l l r e p o r t i n g member banks. Holdings of Treasury notes i n c r e a s e d 421,000,000 i n New York City and 414,000,000 a t a l l r e p o r t i n g member banks. Holdings of "Other s e c u r i t i e s " declined 429,000,000 i n New York City and 433>000,000 a t a l l member banks. Demand d e p o s i t s - a d j u s t e d declined 4144,000,000 i n New York C i t y , 428,000,000 i n t h e Chicago d i s t r i c t and 4165,000,000 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 increased 453>000,000 i n New York City, 410,000,000 each i n t h e Richmond and Chicago d i s t r i c t s , 49,000,000 i n t h e St.Louis d i s t r i c t and 4102,000,000 at 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 f o r e i g n banks d e c l i n e d 478,000,000 i n New York City and 493>000,000 a t a l l r e p o r t i n g member banks. 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 r e p o r t i n g member banks, t o g e t h e r with changes f o r t h e week and the year ended November 1, 1939, followst (In m i l l i o n s of d o l l a r s ) Increase or decrease Nov. sinc e Nov. 2, Oct, 25, 1939 1938 1939 ASSETS Loans and Investments - t o t a l + 71 2.2,728 +1,320 Loans — t o t a l + 42 + 194 8,521 + 18 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 + 418 4,310 Open market paper 1 317 30 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 + 10 603 - 125 + 2 Other loans f o r purchasing or carrying s e c u r i t i e s 512 59 Real e s t a t e l o a n s + 4 + 20 1,184 Loans to banks + 4 — 74 36 Other loans + 5 + 44 1,559 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 667 2,159 5,858 2,232 3,291 + 38) + 14) + 4) + 6 - 33 Reserve with F e d e r a l Reserve banks Cash i n v a u l t Balances with domestic banks 9,885 458 3,111 -209 - 29 + 21 +2,769 + 39 + 645 18,556 5,249 537 -165 — 2 - 1 +2,790 + 94 3 7,954 727 +102 — 93 — 1 +1,735 + 252 2 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 — + 552 + + 546 28 Forn FR-284 STATEMENT FOR THE PRESS Board of Governors of t h e F e d e r a l Reserve System November 2, 1939 For immediate r e l e a s e ASSETS AND LIABILITIES OF WEEKLY REPORTING MEMBER BANKS III CENTRAL RESERVE CITIES ( i n m i l l i o n s of d o l l a r s ) New York City Increase or Nov. decrease since 1, Oct. 25, Nov* 2, 1939 1939 1933 Chicago Increase or decrease since Nov. 2 , Oct. 25, 1938 1939 Nov. 1> 1939 882 2,086 — 4 + 151 ASSETS Loans and Investment s—total 8,679 + 65 + Loans - t o t a l 2,955 + 19 - 13 561 + 3 + 40 + + + 239 24 106 383 18 27 + 4 -P 1 — 1 + - — 45 2 9 19 5 62 36 67 14 Commercial,industrial and a g r i c u l t u r a l loans 1,672 Open market paper 117 Loans t o brokers and d e a l e r s 472 Other l o a n s f o r purchasing or carrying s e c u r i t i e s 180 Real e s t a t e loans 114 Loans t o banks 24 Other l o a n s 376 9 2 5 - + 1 — + + 1 1 - 52 462 835 2,161 + 51) + 21) + 1) + 1,121 1,145 + 2 — 29 + + 325 l4 156 329 Reserve with F, R. banks Cash i n v a u l t Balances vdth domestic banks Other a s s e t s - net 5,560 74 72 372 -201 - 4 3 +1,739 + 13 — 6 70 1,127 40 247 48 8,212 666 49 —144 + 4 + l +1,611 + 47 69 1,818 500 63 3,440 651 + 53 - 78 + + —- - 1 —- + 3 + 3 + 83 1 2 + + 25 3 1 1 1 1 + 193 + 7 + 35 — 3 8 1 + 4 4 + 186 + 4 —-- Treasury b i l l s Treasury n o t e s U. S. bonds Obligations guaranteed by U. 8. Gov't Other s e c u r i t i e s 556 + - 123 250 667 — 6) — - — + — - + + ) 2) 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 I Domestic banks Foreign banks Borrowings bther l i a b i l i t i e s > CAPITAL ACCOUNTS — 259 1,480 — + 17 + u - 863 233 871 12 2 116 9 15 269 — + + mm + 145 35 + 1 — - — 4- 3 + 2 14 Form FR-284-b ASSETS AI© LIABILITIES OF WEEKLY REPORTING MEMBER BANKS III 101 LEADING CITIES ON N0VEL1BER 1 , 1939 (In m i l l i o n s of d o l l a r s ) District Reserve federal Total San Minne- Kansas D a l l a s R i c h - A t l a n t a Chicago" i S t . CleverHew P h i l a All Boston City Francisco Louis a p o l i s York districts d e l p h i a land mond ! ASSETS Loans and Investments - t o t a l 22,728 1,192 9,530 1,153 1,881 688 615 3,148 696 409 665 538 2,213 8,521 605 3,312 423 677 260 308 884 335 193 286 273 965 •4,310 317 603 287 65 26 1,786 123 476 198 25 20 253 6 20 117 13 2 168 4 4 519 33 31 203 7 4 103 3 1 175 16 3 182 2 2 319 20 14 512 1,184 36 1,559 21 81 1 124 237 201 24 465 31 55 1 93 26 173 3 196 15 39 1 73 12 32 1 87 77 109 8 9 10 26 1 55 14 22 115 13 52 3 53 48 385 1 173 Treasury b i l l s Treasury notes U. S. bonds O b l i g a t i o n s g u a r a n t e e d by U, S. G o v ' t Other s e c u r i t i e s 667 2,159 5,358 2,232 3,291 19 55 338 45 130 462 894 2,343 1,208 1,311 38 324 94 274 9 211 589 116 279 4 182 127 48 67 8 38 97 68 96 127 434 929 288 486 3 54 133 67 99. 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 . 9,885 458 3,111 1,258 490 141 164 82 5,692 92 199 477 423 17 220 100 535 43 357 103 185 20 218 38 119 12 206 46 1,414 71 546 82 18,556 5,249 537 1,196 236 14 8,830 1,042 67 925 281 52 1,314 731 42 478 202 28 387 139" 40 7 , 954 727 331 27 3,531 653 411 8 441 1 311 1 277 1 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 l o a n s 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 l o a n s — 69 — 51 33 112 26 45 13 33 99 52 132 22 53 82 50 58 220 11 187 23 99 6 117 16 139 l4 336 23 133 10 277 30 386 21 284 238 2,611 941 m 474 191 20 308 119 3 532 145 23 464 137 30 1,037 1,035 107 1,157 13 351 150 1 422 267 —* —— 305 22 — — —— — 84 680 170 314 L I A B I L I T I E S Demand deposits—adjusted 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 : Domestic banks F o r e i g n banks Borrowings Other l i a b i l i t i e s CAPITAL ACCOUNTS — —— 689 3,728 4, ^ 19 246 1 — —— 265 1,602 14 222 * 16 374 V 10 94 33 96 -V — 20 403 6 95 » 7 59 % 3 102 — 4 86 292 344
@FedFRASER