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Form FR-2&4 STATEMENT FOR THE PRESS For immediate release Board of Governors of the Federal Reserve System November 7, 1938 Condition of Weekly Reporting Member Banks in 101 LenrHnp mtiea The condition statement of weekly reporting member banks in 101 leading cities shows the foUmdng principal changes for the week ended November 2i Decreases for the week of $16,000,000 in commercial, industrial and agricultural loans, @22,000,000 in holdings of United States Government direct obligations, @43,000,000 xn Other securities^ $84,000,000 in reserve balances with Federal Reserve banks and $229,000,000 in demand deposits-adjusted. Commercial, industrial, and agricultural loans declined #11,000,000 in New York y, and #16,000,000 at all reporting member banks. Loans to brokers and dealers xn securities increased $7,000,000 at reporting member banks in New York City and declined a like amount at other reporting member banks. "Other loans" declined @9,000,000 in the San Francisco district and $10,000,000 at all reporting member banks. Holdings of United States Government direct obligations declined $16,000,000 m New York City, $10,000,000 in the Cleveland district and $22,000,000 at all reporting member banks, and increased $9,000,000 in the Chicago district. Holdings of obligations fully guaranteed by the United States Government declined $10,000,000 in New York City and $5,000,000 in the Cleveland district, and increased in most of the other districts, all reporting member banks showing a net decline of, $1,000,000 for the week. Holdings of "Other securities" declined @62,000,000 in New York City and $43,000,000 at all reporting member banks. Demand deposits-adjusted declined in nearly all districts, the principal decreases being $131,000,000 in New York City and $37,000,000 in the Chicago district, and the aggregate net decrease being $229,000,00©, Deposits credited to domestic banks declined $36,000,000 in New York City, and increased $19,000,000 in the Chicago district, $10,000,000 in the Richmond district/, 923,000.000 at all reporting member banks. Deposits credited to foreign banks declined $21,000,000 in New York City, Borrowings of weekly reporting member banks amounted to $2,000,000 on . |November 2. | A summary of the principal assets and liabilities of reporting member banks, together with changes for the week and the year ended November 2, 1938, follows* (In millions of dollays) Increase or decrease since Oct, 26, Nov, 3, 1937 ASSETS loans and Investments - total 21,408 - 85 — 246 Loans - total g 327 Commercial, industrial, and agricultural loans 3^899 Open market paper ^47 Loans to brokers and dealers in securities 728 Other loans for purchasing or carrying securities 571 1 164 " Real estate loans Loans to banks . 'nn Other loans 1,508 - 19 - 16 + 2 -1,298 - 10 + - 862 130 173 89 5 l4 53 164 549 339 + 1 1 7 — — - U. S, Government direct obligations Obligations fully guaranteed by U. S. Gov't Other securities 8,132 1,686 3,263 - 22 - 1 — 43 + + + Reserve with Federal Reserve banks Cash in vault Balances with domestic banks 7,116 419 2,466 — 84 - 19 - 29 +1,791 + 101 + 722 15,766 5,155 540 -229 - 1 - 6 +1,156 - 123 + 93 6,219 475 2 + 23 - 17 - 1 +1,179 1 L I A B I L I T I E Demand deposits-adjusted Time deposits U. 8, Government deposits Inter—bank deposits: Domestic banks Foreign banks Borrowings - 11 Form FR~285~a STATEMENT FOR THE PRESS Board of Governors of the Federal Reserve System November 3> 1938 For "immediate release ASSETS AND LIABILITIES OF WEEKLY REPORTING MEMBER BANKS IN CENTRAL RESERVE CITIES (in millions of dollars) New York City Increase or decrease since Nov, Oct, 26 Nov. 3 2, 1937 1938 1938 Chicago Increase or decrease since Nov# Oct. 26 Nov* 3 2, 1937 1938 1938 ASSETS Loans and Investments — total 7,797 Loans - total 2,968 Commercial, industrial, and agricultural loans Open market paper Loans to brokers and dealers Other loans for purchasing or carrying securities Real estate loans Loans to banks Other loans 1/33 l4l 578 199 119 86 412 - 88 — - 11 — 7 + 2 — + 521 — 6 • - 156 448 4i 154 338 20 36 — 3 — 2 - 120 - 10 3 39 15 27 19 67 11 — 1 - 9 3 2 9 1,935 - 689 — — *— 2 7 116 - + + — 4— — —«• 49 - 1 5 957 + 7 + 53 4o4 174 131 326 + 3 + 3 + + 31 71 +1-,282 1 10 20 934 33 212 51 + 5 2 17 + 345 + 4 + 66 - 10 789 117 127 1,673 465 62 23 + 198 + 13 + 15 - 36 - 21 + 623 19 685 + 15 + 168 + 2 + + - U. S. Gov't obligations Obligations fully guaranteed by U. S. Gov't Other securities 2,902 - 16 796 1,131 - 10 - 62 Reserve with F.R. bank Cash in vault Balances with domestic banks Other assets - net 3,821 61 78 442 - 83 - 2 + 1 - 5 Demand deposits — adjusted Time deposits U. 8. Gov't deposits Inter-bank deposits* Domestic banks Foreign banks 6,601 619 118 -131 + 1 — 4 mm 2,577 418 Borrowings Other liabilities Capital account 2 375 1,489 — + •— + — — - — L I A B I L I T I E S 1 8 7 + mm + + 4 l 9 — 8 — •*— 17 255 + 1 + 1 9 Form FRr-284-b ASSETS AND LIABILITIES OF WEEKLY REPORTING MEMBER BANKS IN 101 LEADING CITIES ON NOVEMBER 2, 1938 ( T^ Total New All Boston districts York ASSETS Loans and Investments - total ^TT^ IA M «£* J T T n v% m \ District Reserve Federal San St. Minne- Kansas Dallas Phila- Cleve- Rich- Atlanta Chicago Francisco City Louis apolis mond delphia land 8,651 1,149 1,842 667 588 2,993 691 376 649 526 2,139 Loans - total Commercial, industrial, and agricultural loans Open market paper Loans to brokers and dealers in securities Other loans for purchasing or carrying securities Real estate loans Loans to banks Other loans 8,327 585 3,350 418 653 237 301 828 314 163 251 243 984 3,899 3^7 728 264 25 1,541 150 584 182 23 18 240 11 26 107 11 3 167 3 6 466 35 4i 198 4 6 81 5 1 151 18 4 158 1 3 344 20 11 571 1,164 110 32 82 3 113 267 222 86 500 33 58 1 103 34 171 2 169 16 31 1 68 15 28 1 81 78 93 5 110 13 48 8 37 7 6 1 62 12 23 1 42 l4 21 46 50 381 1 177 U. S. Gov't obligations Obligations fully guaranteed by U.S.Gov't Other securities 8,132 1,686 3,263 30 3,151 855 1,295 346 96 289 816 93 280 324 4o 66 156 44 87 1,449 243 473 218 60 99 157 15 4l 221 51 126 186 42 55 718 117 320 Reserve with F.R. banks Cash in vault Balances with domestic banks Other assets - net 7,116 419 2,466 1,243 343 l4o 145 74 3,953 77 176 528 249 16 175 83 358 38 278 102 147 17 153 37 102 11 l4l 40 1,135 63 405 84 159 11 130 23 70 6 115 16 160 11 272 22 111 10 211 27 329 19 265 207 15,766 5,155 540 1,047 251 10 7,165 1,012 131 773 1,107 290 743 29 38 427 199 21 340 184 34 2,380 881 100 433 186 18 277 119 2 486 144 20 4l6 133 31 915 1,013 106 6,219 475 249 19 2,651 420 321 7 357 1 253 226 1 904 9 281 120 1 365 215 1 277 16 2 822 3,673 26 237 2 386 1,618 16 227 19 362 26 95 6 91 21 385 5 91 7 57 3 96 6 83 301 331 1,508 66 — — L I A B I L I T I E S Demand deposits-adjustdd Time deposits U. S. Gov't deposits Inter-bank deposits» Domestic banks Foreign banks Borrowings Other liabilities Capital account
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