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Form FR-284 For immediate release STATEMENT FOR THE PRESS Board of Governors of the Federal Reserve System November 8, 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 3t Decreases of #19,000,000 in commercial, industrial and agricultural loans and #55,000,000 in^ loans to brokers and dealers in securities; an increase of $35,000,000 in holdings of United States Government direct obligations and a decrease of $22,000,000 in "Other securities"; decreases of $194,000,000 in demand deposits-adjusted and $24,000,000 in Government deposits; an increase of $94,000,000 in deposits credited to domestic banks and a decrease of $16,000,000 in deposits credited to foreign banks. Commercial, industrial and agricultural loans declined $9,000,000 in the Boston district, $8,000,000 in the Cleveland district and $19,000,000 at all reporting^ member banks. Loans to brokers and dealers in securities declined $47,000,000 in New York City and $55,000,000 at all reporting member banks. Holdings of United States Government direct obligations increased $58,000,000 in New York City and declined $17,000,000 in the Richmond district, all reporting member banks showing a net increase of $35,000,000 for the week. Holdings of "Other securities" declined $17,000,000 in New York City and $22,000,000 at all reporting member banks. Demand deposits—adjusted declined in nearly all districts, the principal decreases being $129,000,000 in New York City, $35,000,000 in the Chicago district, $15,000,000 in the San Francisco district, $11,000,000 in the Cleveland district and $194,000,000 at all reporting member banks. Government deposits declined $12,000,000 in New York City and $24,000,000 at all reporting member banks, Deposits credited to domestic banks increased $67,000,000 in New York City, $10,000,000 in the Chicago district, $8,000,000 each in the Boston and Cleveland districts and $94,000,000 at all reporting member banks. Deposits credited to foreign banks 'declined $16,000,000 in New York City* Borrowings of weekly reporting member banks amounted to $13,000,000 on November 3, an increase of $7,000,000 for the week. A summary of the principal assets and liabilities of the reporting member banks, together with changes for the week and the year ended November 3, 1937, follows * (in millions of dollars) Increase or decrease since Nov. 4, Oct. 27, 1936 1937 A S S EITS Ao 792 21,654 Loans and Investments - total 900 — + 57 9,625 Loans - total Commercial,industrial, and agricultural loanst * 3 590 On securities * 16 4,171 Otherwise secured and unsecured * —• 4 477 Open market paper — 267 901 55 Loans to brokers and dealers in securities . — * 660 Other loans for purchasing or carrying securities 26 + 1,169 Real estate loans 42 + + 96 15 Loans to banks * 6 + 732 Other loans I On securities * 829 Otherwise secured and unsecured 1,282 + 7,968 35 U. S. Government direct obligations 116 4 + 1,137 Obligations fully guaranteed by U.S. Gov't 294 22 2,924 Other securities — 1 + 79 5,325 Reserve with Federal Reserve banks — 84 16 318 Cash in vault — 691 2 1,744 Balances with domestic banks LIABILITIES 194 596 14,610 Demand deposits^-adjusted 4 236 + + 5,278 Time deposits 24 179 447 U. S, Government deposits 1,147 94 + 5,040 Intei—bank deposits s Domestic banks 16 + 23 476 Foreign banks + 13 7 13 Borrowings "^Comparable figures not available. - — - • — - — Form FRr-284~a STATEMENT FOR THE PRESS Board of Governors of the Federal Reserve System November 4, 1937 For immediate release ASSETS AND LIABILITIES OF WEEKLY REPORTING MEMBER BANKS IK CENTRAL RESERVE CITIES (in millions o'f dollars) Chicago New York City 19 3 6 19 3 7 193 6 19 3 7 Nov. 3 Oct. 27 Nov. 4 Nov, 3 Oct. 27 Nov. 4 ASSETS Loans and Investments - Total 7,913 7,914 8,608 1,936 1,931 2,051 Loans - Total 3,657 3,702 3,389 677 676 587 237 1,644 182 732 235 1,649 186 779 * 34 424 30 39 34 424 30 40 * * * 238 134 59 238 134 55 * 75 14 2 * 131 24 76 14 2 236 195 229 197 * * 22 36 21 36 * U. S. Gov't obligations Obligations fully guaranteed by U. S. Gov't Other securities 2,907 2,849 3,722 904 898 1,106 392 957 389 974 464 1,033 100 255 100 257 93 265 Reserve with F. R. bank Cash in vault Balances with domestic banks Other assets - net 2,539 62 68 462 2,624 62 68 458 2,496 59 76 465 589 29 146 61 608 30 145 61 640 35 202 70 Demand deposits - adjusted Time deposits U.S. Gov't deposits Inter-bank deposits s Domestic banks Foreign banks 5,812 736 245 5,941 734 257 6,289 591 117 1,475 452 47 1,492 452 49 1,573 436 77 1,954 437 1,887 453 2,496 409 517 6 513 6 644 6 Borrowings Other liabilities Capital account 6 374 1,480 375 362 18 246 18 245 24 298 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 OtherM.se secured & unsecured * * 981 39 14 6 * LIABILITIES ^Comparable figures not available. Form FR-28^r-b ASSETS AMD LIABILITIES OF WEEKLY REPORTING MEMBER BANKS IN 101 LEADING CITIES ON NOVEMBER 3, 1937 (in millions of dollars) Total All Boston New York districts ASSETS Loans and Investments - total 21,654 Loans - total 9>625 Commercial,industrial, and agricultural loans t On securities 590 Otherwise secured & unsecured 4,171 Open market paper 477 Loans to brokers and dealers in securities 901 Other loans for purchasing or carrying securities 660 Real estate loans 1,169 Loans to banks 96 Other loansi On securities 732 Otherwise secured and unsecured 829 U. S. Gov't obligations 7,968 Obligations fully guaranteed by U.S.Govt. 1,137 Other securities 2,924 Reserve with F. R. bank 5,325 Cash in vault 318 Balances with domestic banks 1,744 Other assets - net 1,309 LIABILITIES Demand deposits - adjusted l4,6l0 Time deposits 5,278 U. S. Gov't deposits 447 Inter-bank deposits: Domestic banks 5,040 Foreign banks 476 Borrowings 13 Other liabilities 865 Capital accounts 3,621 1,273 694 Federal Reserve District San Phila- Cleve- Rich- Atlanta Chicago St. Minne- Kansas Dallas Francisco City apolis Louis delphia land mond 8,780 1,147 466 4,102 .,865 719 631 253 555 284 2,993 1,010 659 321 405 191 701 288 515 249 2,130 1,048 35 290 88 32 253 1,770 194 74l 45 173 23 19 44 254 18 23 15 100 14 3 12 134 4 7 52 570 53 47 52 143 11 5 11 90 7 1 18 162 24 4 13 144 4 3 40 341 37 16 35 84 6 315 242 59 37 60 2 4o 176 5 19 29 2 15 27 2 90 86 6 13 46 9 9 6 l4 21 1 16 21 1 57 371 3 65 59 425 23 131 263 37 108 79 268 260 3,118 437 1,123 2,662 80 143 576 49 58 316 96 269 226 17 127 86 118 41 823 60 263 332 39 180 105 30 4l 272 41 65 132 18 145 38 26 57 157 35 79 101 11 96 40 47 59 1,402 188 393 802 61 295 92 12 30 193 47 98 137 10 94 23 13 54 157 13 44 76 5 64 17 15 29 247 49 117 167 11 171 23 10 37 185 30 51 115 10 139 29 79 104 673 118 291 312 19 182 201 989 272 21 6,377 1,146 252 788 286 9 1,076 744 10 417 198 7 325 186 11 2,206 869 64 402 184 5 265 122 2 476 147 11 391 126 16 898 998 39 207 9 2,020 439 6 387 l,6l4 265 3 2 23 227 323 1 2 16 349 222 183 1 1 7 89 706 - 7 1 22 368 235 114 1 186 235 15 1 331 327 — —• 25 237 — —* mmm mmm 28 92 — — — ~ 8 89 — — — — 7 56 344 — — — — ~ — — - 3 92 8 81
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