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Form FR—284 Board of Governors of the Federal Reserve System October 16, 1939# STATEMENT FOR THE PRESS For immediate r e l e a s e Condition of Weekly Retorting Member Banks 1ft 101 Leading C i t i e s The condition statement of weekly reporting 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 October l i t I n creases of $37,000,000 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 , $61,000,000 i n Treasury b i l l s , and $145*000,000 i n demand deposits—adjusted. 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 increased i n n e a r l y a l l d i s t r i c t s , the p r i n c i p a l i n c r e a s e s being $10,000,000 i n New York City and $4,000,000 each i n t h e Boston, Philadelphia and Chicago d i s t r i c t s . Holdings of United S t a t e s Treasury b i l l s i n c r e a s e d $22,000,000 i n New York City, $20,000,000 i n the Chicago d i s t r i c t , $10,000,000 i n the Boston d i s t r i c t , and $61,000,000 at a l l r e p o r t i n g member banks. Holdings of Treasury notes declined $10,000,000 i n New York City and $2,000,000 at a l l r e p o r t i n g member banks. Holdings of United S t a t e s Government bonds declined $3,000,000. Holdings of o b l i gations guaranteed by the United S t a t e s Government showed l i t t l e change f o r the week. Holdings of "Other s e c u r i t i e s " declined $25,000,000 i n New York City and $19,000,000 at a l l r e p o r t i n g member banks. Demand deposits—adjusted increased i n a l l d i s t r i c t s , t h e aggregate i n crease being $145,000,000 and t h e p r i n c i p a l i n c r e a s e s by d i s t r i c t s being $27,000,000 i n the Chicago d i s t r i c t , $25,000,000 i n the Kansas City d i s t r i c t , $16,000,000 i n t h e Dallas d i s t r i c t , $13,000,000 i n the S t . Louis d i s t r i c t and $12,000,000 each i n the Boston and Richmond d i s t r i c t s . Time deposits increased $6,000,000. Deposits c r e d i t e d t o domestic banks declined $16,000,000 i n New York City and $23,000,000 at a l l r e p o r t i n g member banks. Deposits credited to f o r e i g n banks increased $23,000,000 i n New York City and $29,000,000 at a l l r e p o r t i n g member banks. Weekly r e p o r t i n g member banks r e p o r t e d no borrowings on October 11, 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, together with changes f o r the week and t h e year ended October 11, 1939, follows I Oct. 11, 1939 ASSETS Loans and Investments - t o t a l Increase or decrease since Oct. 12, Oct. 4 , 1938 1939 22,568 + 70* +1,273 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 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 8,408 4,288 318 530 504 1,182 3? 1,549 + 33 + 37 + + - 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 553 2,128 5,878 2,2.40 3,3^1 Reserve with Federal Reserve banks Cash i n v a u l t Balances with domestic banks L I A B I L I T I E S Demand deposits—adjusted Time deposits U.S. Government deposits Inter—bank d e p o s i t s t Domestic banks Foreign banks Borrowings ' + 8 1 3 1 1 61 — 2 + + + - 3) + + 136 371 27 123 76 21 70 40 506 562 69 - 19* + + 9,879 489 3>037 + 53 + 18 + 3 +3,009 + 60 + 626 18,451 5,242 538 +145 + 6 — 2 +2,847 + 79 32 +1,770 - 23 7,811 + 322 + 29 791 - 1 —• *0ctober 4 f i g u r e s r e v i s e d . (Chicago d i s t r i c t ) Form FR—284 STATEMENT FOR THE PRESS Board of Governors of t h e Federal Reserve System October 13, 1939 For immediate r e l e a s e > ASSETS AND LIABILITIES OF WEEKLY REPORTING MEMBER BANKS IN CENTRAL RESERVE CITIES ( I n m i l l i o n s of d o l l a r s ) I New York City I n c r e a s e or Oct. decrease since Oct. 4 , Oct. 12, 11, 1938 1939 1939 Oct. 11, 1939 Chicago I n c r e a s e or decrease since Oct. 12, Oct. 4 , 1938 1939 ASSETS + 28* + 199 557 + 2 + 36 211 26 102 382 19 25 + + - 3 1 2 + 43 1 7 — - 27 2 59 39 66 14 Loans and Investments—total 8,508 - 17 + 709 2,099 Loans - t o t a l 2,881 + — 44 1,665 116 411 + 10 - 1 - 1 + - - Commercialj i n d u s t r i a l and agricultural loans Open market paper - Loans t o 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 l o a n s Loans t o banks _< Other loans Treasury b i l l s Treasury n o t e s U. S. bonds O b l i g a t i o n s guaranteed by , U. S. Gov't Other s e c u r i t i e s Reserve with F. R. banks Cash i n v a u l t Balances vath domestic banks Other a s s e t s - net 171 117 27 374 — + - 6 2 1 1 + —— —- 51 342 776 2,167 + 22) - 10) - 7) + 394 140 249 670 1,125 1,217 - 3 - 25 + + 325 34 5,667 86 71 374 + 16 + 8 - 3 + 1 8,214 657 49 + + 3,373 698 — 16 + 23 2 3 — — — + 19) + 130 + + 30 3 4 1 4 1 + + + 237 7 29 3 + 12 + 2 + + + 210 37 1 + + + + 204 6 + 2 13 - ) + 1) 157 326 + 6* +2,016 + 25 8 81 1,089 41 237 49 + + +1,617 + 35 99 1,788 500 63 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 ; Domestic banks Foreign banks Borrowings Other l i a b i l i t i e s CAPITAL ACCOUNTS 4 3 + + 867 16 895 287 UK 240 1,475 — 8 - 1 — — 66 8 5 2 t 15 266 + 1 * October 4 figures revised. If ASSETS AND LIABILITIES OF WEEKLY REPORTING MEMBER BANKS IN 101 LEADING CITIES OS OCTOBER 11, 1939 ( i n p i l l i o n s of dollars) Reserve District Feder*j1 Total San S t . Minne- Kansas Dallas CleveNew |PhilaAll Atlanta Chicago Boston Francisco CityLouis apolis land York 1 delphia districts ASSETS Loans and Investments — t o t a l *22,568 1,192 9,366 1,154 1,886 704 599 3,171 691 402 658 536 2,209 Loans — t o t a l Commercial, i n d u s t r i a l , and agricultural loans Open market paper Loans t o brokers and dealers i n s e c u r i t i e s Other loans f o r purchasing or carrying s e c u r i t i e s Real estate loans Loans t o banks Other loans 8,408 601 3,244 424 682 257 296 877 330 185 283 270 959 4,288 318 530 286 65 21 1,783 122 4l4 199 263 114 13 3 159 3 4 515 35 29 197 7 5 99 3 173. 17 3 179 321 19 10 504 1,182 37 1,549 22 81 1 125 229 205 27 464 31 55 1 94 11 32 1 86 76 109 10 26 14 113 14 52 3 52 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 553 2,128 5,878 2,240 3,361 9,879 489 3,037 1,248 13 60 341 45 132 481 142 159 80 342 7 38 98 64 96 143 435 942 290 484 7 51 140 65 98 129 13 210 48 1,370 73 535 82 211 12 185 23 18,451 5,242 538 1,179 Reserve with F.R. bank Cash i n vault Balances with domestic banks Other assets — n e t L I A B I L I T I E S Demand deposit s-adjusted Time deposits U. S. Gov't d e p o s i t s Inter—bank deposits» , Domestic banks Foreign banks Borrowings Other l i a b i l i t i e s CAPITAL ACCOUNTS 26 18 6 20 —— 8 9 2,346 1,212 1,383 5,804 104 194 460 38 326 92 274 25 171 3 194 6 219 584 113 282 395 20 217 100 492 44 335 103 15 38 1 73 2 199 128 51 67 181 23 189 38 238 14 8^822 1,036 67 905 281 53 1,272 • -730 42 488 200 28 387 188 40 2,594 937 110 477 190 20 301 119 3 7,811 791 326 33 3,461 700 398 13 427 1 290 1 276 3 1,149 17 334 1 151 1 669 3,719 19 245 245 1,597 13 223 15 373 31 97 12 93 19 405 6 94 6 839 — — — 2 3 22 — 49 382 — 178 54 50 23 48 99 7 115 17 10 83 98 53 131 206 16 330 23 537 144 23 467 136 31 1,022 1,043 107 425 258 316 21 4 86 296 346 66 —— 33 113 27 44 59 - 83 55 57 136 12 268 30 — 3 101 —- 85 679 173 313 375 23 300 244
@FedFRASER