The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
STATEMENT FOR THE PRESS Form FR-284 For immediate release Board of Governors of the Federal Reserve System October 10, 1938 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 October.51 A decrease of $56,000,000 in holdings of United States Government direct obligations; a decrease of $112,000,000 in demand deposits-adjusted and an increase of $207,000,000 in deposits credited to domestic banksj and an increase of $103,000,000 in reserve 1 balances with Federal Reserve banks# ; Commercial, industrial and agricultural loans increased $5,000,000 in the St, Louis district and at n*l 1 reporting member banks, other districts showing smaller changes for the week* Loans to brokers and dealers in securities declined $18,000,000. Holdings of United States Government direct obligations declined $79,000,000 in New York City and $56,000,000 at all reporting member banks, and increased $13,000,000 in the Cleveland district and $12,000,000 in the Richmond district. Holdings of obligations fully guaranteed by the United States Government increased $4,000,000* Holdings of "Other securitiesM increased $17,000,000 in New York City, and declined somewhat in nearly all the other districts, all reporting member banks showing a net increase of $2,000,000 for the week. Demand deposits—adjusted declined $96,000,000 in New York City. $29,000,000 in the Chicago district, $13,000,000 in the Kansas City district and $112,000,000 at all reporting member banks* Time deposits declined $13,000,000 in New York City and $5,000,000 at all reporting member banks. Government deposits declined $3,000,000. Deposits credited to domestic banks increased at all districts, the principal increases being $63,000,000 in New York City,$21,000,000 in the Chicago district, $20,000,000 in the Cleveland district, $18,000,000 in the Boston district, and $1-4,000,000 each in the Philadelphia, Richmond and St, Louis districts, and the aggregate increase being $207,000,000, Deposits credited to foreign banks increased $20,000,000, Weekly reporting member banks reported no borrowings on October 5* A summary of the principal assets and liabilities of reporting member banks, together with changes for the week and the year ended October 5, 1938, follows I ASSETS Loans and Investments — total Oct. 5, 1938 Increase or decrease since Oct, 6, Sept, 28, 1938 1937 21,189 - 51 — 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 8,240 3,896 351 631 578 1,161 120 1,503 - 1 + 5 + 7 - 18 + 2 1,732 932 126 — 547 — 100 6 — + 28 49 U. S, Government direct obligations Obligations fully guaranteed by U. S. Gov't Other securities 8,055 1,679 3,215 ~ 56 + 4 + 2 + Reserve with Federal Reserve banks Cash in vault Balances with domestic banks 6,797 4l0 2,379 +103 —16 + 44 + 4- 15,396 5,175 578 -112 — 5 - 3 6,006 +207 + 20 — + + 2 3. + 786 l44 548 254 + 1,373 103 615 + 768 107 67 LIABILITIES Demand deposits—adjusted Tine deposits U. S. Government deposits Inter—bank deposits1 Domestic banks Foreign banks Borrowings A68 — — — — — + — 829 77 3 Form FR~284-a STATEMENT FOR THE PRESS Board of Governors of the Federal Reserve System October 6, 1938 For i^mediate release ASSETS AND LIABILITIES OF MEEKLY REPORTING MEMBER BANKS IN CENTRAL RESERVE CITIES (In millions of dollars) New York City Increase or Oct. decrease since Sept. 28 Oct. 6 5, 1937 1938 1938 Oct, 5, 1938 Chicago Increase or decrease since Sept. 28 Oct, 6 1937 1938 ASSETS - 15 Loans and Investments — total 7,756 - 83 -376 1,881 Loans - total 2,916 - 18 -1,032 516 - 2 - 1,-446 146 497 + 1 + 4 - 20 —466 - 37 —485 339 20 30 - 1 mm + + - 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 197 119 96 415 2 — + - 2 7 51 16 35 12 67 11 — - 1 — — — — — 49 95 202 — — — mm. — 147 9 17 14 3 1 11 8 + 13 - 5 + + 27 67 + 1 1 6 + 284 + 9 + 74 9 1,581 463 62 - 22 — 4 + 108 + 10 +503 - 9i 651 9 + 16 - 1 + 136 + 3 - 91 + 3 16 253 + U» S. Gov't obligations Obligations fully guaranteed by U. S. Gov't Other securities 2,910 - 79 +108 918 806 1,124 - 3 + 17 +415 +133 127 320 Reserve with F, R» bank Cash in vault Balances with domestic banks 'Other assets - net 3,590 59 71 453 + 34 - 3 - 1 + 3 +956 + 4 + 7 — 4 858 34 211 51 6,466 626 157 - 96 - 13 - 1 +558 - 99 -196 2,492 4a4 + 63 + 17 293 1,481 - 22 + 2 - LIABILITIES Demand deposits - adjusted Time deposits U. S, Gov't deposits Inter-bank depositsi • Domestic banks Foreign banks Borrowings Other liabilities Capital account 1 1 — + 1 7 Form FR—284—b ASSETS AND LIABILITIES OF WEEKLY REPORTING MEMBER BASKS IN 101 LEADING CITIES OH OCTOBER 5, 1938 (in millions of dollars) District Reserve Federal Total San Kansas Dallas St. MinneAll iAtlanta!Chicago Boston New Phila- Cleve- RxchFrancisco Louis apolis City York delphia land mond districts ASSETS Loans and Investments - total 21,189 1,134- 8,606 1,137 1,834 645 576 2,923 666 368 642 514 2,144 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 8,240 578 3,309 4l4 660 236 291 820 296 160 246 239 991 3,896 351 631 266 1,563 64 155 22 502 184 22 15 245 12 25 106 11 3 159 3 7 46 5 34 34 186 . 4 6 78 4 1 147 18 4 154 2 3 343 22 9 578 1,161 120 1,503 32 81 2 111 266 223 97 503 3^ 57 2 100 36 170 2 170 16 32 1 67 l4 28 3 77 78 8 6 63 12 23 1 41 l4 20 112 12 48 6 34 46 56 380 2 179 U. S. Gov't obligations Obligations fully guaranteed by U«S#Gov't Other securities 3,055 1,679 3,215 393 3,153 863 30 1,281 133 3^5 94 284 797 98 279 308 36 65 160 4l 84 1,398 239 466 208 63 99 155 13 4o 223 49 124 185 36 54 730 117 306 Reserve with F. R. banks Cash in vault Balance with domestic banks Other assets — net 6,797 4io 2,379 1,237 338 3,736 76 129 l4l 155 526 72 247 17 166 83 356 39 261 103 146 18 152 33 100 11 138 44 1,055 63 4o4 82 161 11 127 23 76 6 111 16 161 11 264 22 106 10 209 26 315 19 251 207 15,396 5,175 578 1,030 7,016 256 1,023 170 10 763 294 38 1,083 746 29 424 199 21 341 186 34 2,274 876 100 415 186 18 263 120 2 475 143 20 4o4 132 31 908 1,01-4 105 6,006 468 241 2,562 4l6 15 305 8 353 1 234 210 1 865 10 273 127 1 363 — 208 1 265 15 •1 11 MM — — — - LIABILITIES Demand deposits—adjusted Time deposits U. S. Gov't deposits Inter-bank deposits i Domestic banks Foreign banks Borrowings Other liabilities Capital account 728 3,661 21 303 24l 1,609 16 226 20 361 23 93 6 91 20 382 6 90 7 57 3 96 6 83 297 332
@FedFRASER