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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 October 11, 1937 Condition of Weekly Reporting Member Banks i n 101 Leading C i t i e s The c o n d itio n statement of weekly r e p o r t i n g member banks i n 101 lending c i t i e s shows t h e f o l l o w i n g p r i n c i p a l changes f o r t h e week ended October 6t An i n c r e a s e of $21,000,000 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 a decrease of $49,000,000 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 ; a decrease of $27,000,000 i n holdings of "Other s e c u r i t i e s " ; a decrease of $236,000,000 i n demand d e p o s i t s a d j u s t e d and an i n c r e a s e of $179,000,000 i n deposits c r e d i t e d to domestic banks; and a decrease of $64,000,000 i n reserve balances with Federal Reserve 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 $11,000,000 at r e p o r t ing member banks i n New York C i t y , $9,000,000 i n t h e Cleveland d i s t r i c t and $21,000,000 a t a l l r e p o r t i n g member banks, and declined $8,000,000 i n the Chicago d i s t r i c t . Loans t o brokers and d e a l e r s i n s e c u r i t i e s declined $48,000,000 i n New York City and $49,000,000 a t a l l r e p o r t i n g member banks. 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 $16,000,000 i n New York City and $7,000,000 i n t h e Richmond d i s t r i c t , and d e c l i n e d $15,000,000 i n t h e Cleveland d i s t r i c t and $7,000,000 i n t h e Chicago d i s t r i c t , a l l r e p o r t i n g member banks showing a net i n c r e a s e of $8,000,000 f o r the week. Holdings of "Other s e c u r i t i e s " d e c l i n e d $20,000,000 i n New York City and $27,000,000 at a l l r e p o r t i n g member banks. Demand d e p o s i t s - a d j u s t e d declined $177,000,000 i n New York C i t y , $32,000,000 i n t h e Chicago d i s t r i c t , $15,000,000 each i n t h e Cleveland and San Francisco d i s t r i c t s and $236,000,000 a t a l l r e p o r t i n g member banks, and i n c r e a s e d $12,000,000 i n the Boston d i s t r i c t . Time d e p o s i t s declined $9,000,000 i n New York City and $8,000,000 at al1 r e p o r t i n g member banks. Deposits c r e d i t e d t o domestic banks i n c r e a s e d 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 i n c r e a s e s being $69,000,000 i n New York C i t y , 619,000,000 i n t h e Boston d i s t r i c t , $15,000,000 i n t h e Philadelphia d i s t r i c t and $13,000,000 each i n the Cleveland and Richmond d i s t r i c t s . Deposits c r e d i t e d t o f o r e i g n banks declined $21,000,000 i n New York City and $27,000,000 at a i l r e p o r t i n g member banks. Borrowings of weekly r e p o r t i n g member banks,-amounted t o $3,000,000 on October 6 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 t h e week and t h e year ended October 6 , 1937, follows l X JLii lUJLX-LJ-UliO Ui UUJUJ.OJ.0; Increase o r decrease since Oct. Oct. 7 , Sept. 29, 6, 1936 1937 1937 ASSETS -632 Loans and Investments - t o t a l 21,975 . —51 +1,269 Loans - t o t a l 9,972 -32 Commercial,industrial, and a g r i c u l t u r a l loans« * On s e c u r i t i e s 600 —1 * Otherwise secured and unsecured 4,231 +22 * Open market paper 477 +5 +4 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 1,178 —49 * Other loans f o r purchasing o r c a r r y i n g s e c u r i t i e s 678 —4 +25 Real e s t a t e l o a n s 1,167 +2 +36 Loans t o banks 92 -5 * Other loans $ On s e c u r i t i e s 728 —4 * Otherwise secured and unsecured 821 +2 -1,448 U. S. Government d i r e c t o b l i g a t i o n s 7,911 +8 -119 Obligations f u l l y guaranteed by U. S. Govt. 1,131 —~ - 3 34 Other s e c u r i t i e s 2,961 -27 +307 Reserve with F e d e r a l Reserve banks 5,424 —64 -83 Cash i n v a u l t 307 -16 -582 Balances with domestic banks 1,764 +27 L I A B I L I T I E S —361 Demand deposits—adjusted 14,628 —236 +212 Time d e p o s i t s 5,285 ~8 -204 U. S. Government d e p o s i t s 645 +1 -855 I n t e r - b a n k d e p o s i t s : Domestic banks 5,177 +179 +72 Foreign banks 542 —27 +2 Borrowings 3 -1 "^Comparable f i g u r e s not a v a i l a b l e . Form FR-284-a STATEMENT FOR THE PRESS Board of Governors of the Federal Reserve System October 7. 1937 For immediate r e l e a s e ASSETS AND LIABILITIES OF WEEKLY REPORTING MEMBER BANKS IN CENTRAL RESERVE CITIES (In m i l l i o n s of d o l l a r s ) ivyw JLUJ.4X va. 1 9 3 6 Oct. 6 I Sept. 29 Oct. 7 Oct. 6 (Sept. 29 19 3b Oct. 7 ASSETS; Loans and Investments - t o t a l 8,132 8,166 8,716 1,976 1,995 2,084 Loans - t o t a l 3,948 3.981 3,364 718 731 591 240 1,672 183 982 239 1,662 176 1,030 * 2.48 135 61 249 * 232 195 234 193 2,802 2,786 391 991 Commercial,industrial and a g r i c u l t u r a l loans: On s e c u r i t i e s Otherwise secured & unsecured Open market paper Loans to "brokers and d e a l e r s Other loans 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 to banks Other loans: On s e c u r i t i e s Otherwise secured & unsecured 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 Reserve with F.R. bank Cash in v a u l t Balances with domestic banks Other a s s e t s - net * * * 35 451 29 47 5 81 14 2 * 131 25 81 14 1 * * 23 37 23 37 * * 3,794 905 909 1,114 388 1,011 460 1,098 100 253 100 255 92 287 2,634 55 64 457 2,746 574 25 137 60 575 454 2,411 53 72 475 25 132 61 612 34 198 68 5,908 728 353 6,085 737 352 6,266 605 193 1,473 453 62 1,496 453 62 1,568 443 101 1,989 502 1,920 523 2,445 433 515 6 508 7 622 5 384 1,478 401 1,473 354 1,431 17 246 17 245 21 236 i s * * 992 40 15 5 L I A B I L I T I E S Demand deposits - a d j u s t e d Time d e p o s i t s U.S. GovH d e p o s i t s Inter-bank d e p o s i t s : Domestic banks * Foreign banks Borrowings Other l i a b i l i t i e s Capital account 1 •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 IK 101 LEADING CITIES ON OCTOBER 6 , 1937 (in m i l l i o n s of d o l l a r s ) Total All districts ASSETS 21,975 Loans and investments - t o t a l 9,972 Loans - t o t a l Commercial* i n d u s t r i a l , and agricultural loanst 600 On s e c u r i t i e s 4,231 Otherwise secured & unsecured 477 Open market paper 1,178 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 loans f o r purchasing o r . 678 carrying s e c u r i t i e s 1,167 Real e s t a t e l o a n s 92 Loans t o banks Other l o a n s i 728 On s e c u r i t i e s 821 Otherwise secured and unsecured 7,911 U. S. Gov't o b l i g a t i o n s O b l i g a t i o n s f u l l y guaranteed by U.S.Govt. 1,131 2,961 Other s e c u r i t i e s 5,424 Reserve with F.R. bank 307 Cash i n v a u l t 1,764 Balances with domestic banks 1,287 Other a s s e t s - net L I A B I L I T I E S 14,628 Demand d e p o s i t s - a d j u s t e d 5,285 Time d e p o s i t s 645 U. S. Gov't d e p o s i t s Inter-bank deposits t 5,177 Domestic banks 542 Foreign banks 3 Borrowings 862 Other l i a b i l i t i e s 3,615 C a p i t a l account Phila- Federal Reserve D i s t r i c t San St, Minne- Kansas Dallas Cleve- Rich? , Atlanta Chicago Francisco City Louis j a p o l i s mond land Boston New York 1,295 710 9,017 4,407 1,155 474 1,882 729 603 248 550 272 3,047 1,049 660 316 408 186 713 288 514 247 39 300 89 37 258 1,802 194 995 44 178 24 22 44 260 18 24 15 98 12 4 11 125 4 8 53 597 52 54 54 l4i 12 6 10 85 7 1 19 160 26 4 13 145 4 3 37 84 3 327 243 62 37 60 2 40 177 4 18 29 2 16 27 5 96 85 5 13 46 6 10 6 14 20 1 15 2.1 66 55 429 23 133 254 35 98 78 265 261 3,0l4 ' 436 1,160 2,762 72 128 545 49 58 315 98 268 231 16 140 89 120 42 829 62 262 329 39 162 105 30 40 250 39 66 134 18 168 38 26 50 170 34 74 109 11 106 4l 47 60 1,415 189 394 782 57 281 92 11 27 196 46 102 135 11 84 23 10 57 166 12 44 79 6 70 16 957 275 37 6,453 1,139 364 800 288 18 1,053 741 16 424 199 11 325 187 16 2,196 869 84 386 184 8 220 9 2,056 504 273 3 210 25 237 396 1,612 22 227 340 1 i 17 348 192 1 X 7 88 714 7 1 21 367 25 92 2,131 1,046 40 340 35 20 —— 55 369 2 15 29 259 45 121 171 12 178 23 10 36 188 28 51 113 11 156 29 79 106 680 119 286 325 19 193 208 269 123 2 481 148 13 386 126 20 898 1,006 56 238 121 1 361 202 1 250 15 8 89 7 56 3 91 7 81 324 327 —
@FedFRASER