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 FRr*284 For immediate release Board of Governors of the Federal Reserve System October 17, 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 12j Increases for the week of $28,000,000 in commercial, industrial and agricultural loans, $22,000,000 in loans to brokers and dealers in securities, $77,000,000 in holdings of "Other securities", $73,000,000 in reserve balances with Federal Reserve banks, and #208,000,000 in demand deposits-adjusted. Commercial, industrial, and agricultural loans increased in nearly all districts, the principal increases being $8,000,000 in New York City and $7,000,000 in the St. Louis district, and the aggregate net increase being $28,000,000# Loans to brokers and dealers in securities increased $16,000,000 in New York City and $22,000,000 at all reporting member banks. Holdings of United States Government direct obligations declined $19,000,000 in New York City, and increased $11,000,000 in the Richmond district and 07,000,000 in Chicago district, all reporting member banks showing a net decrease of $2,000,000 for the week. Holdings of "Other securities" increased $59,000,000 in New York City and $77,000,000 at all reporting member banks. Demand deposits—adjusted increased in nearly all districts, the principal increases being $131,000,000 in New York City, $19,000,000 in the Kansas City district, $16,000,000 in the Boston district and $15,000,000 in the San Francisco district, and the aggregate increase being $208,000,000. Time deposits declined $4,000,000 in New York City, $6,000,000 in the Boston district and $12,000,000 at .1*11 reporting member banks. Government deposits declined $9,000,000 in New York City. Deposits credited to domestic banks declined $14,000,000 in New^ York City and increased in most of the other districts, the principal increases being $11,000,000 in the Chicago district and $9,000,000 in the San Francisco district and the aggregate net increase being $35,000,000. Weekly reporting member banks reported no borrowings on October 12. A summary of the principal assets and liabilities of reporting member banks, together with changes for the week and the year ended October 12, 1938, followsJ Oct. 12, 1938 ASSETS Loans and Investments — total 21,295 Loans — total 8,272 Commercial, industrial, and agricultural loans 3,924 Open market paper 345 Loans to brokers and dealers in securities 653 Other loans for purchasing or carrying securities 580 Real estate loans 1,161 Loans to banks 107 Other loans 1,502 Increase or decrease since Oct. 13, Oct, 5, 1937 1938 704 +106 - + + — + + - 13 - 1 -1,722 - 944 - 133 - 508 93 — 6 + 13 51 32 28 6 22 2 U. S. Government direct obligations Obligations fully guaranteed by U.S. Gov't Other securities 8,053 1,678 3,292 - 2 - 1 + 77 + 136 + 545 + 337 Reserve with Federal Reserve banks Cash in vault Balances with domestic banks 6,870 429 2,411 + 73 + 19 + 32 +1,531 + 82 + 583 15,604 5,163 570 +208 - 12 — 8 + 803 - 107 25 6,o4l 469 + 35 + 1 + - LIABILITIES Demand deposits-adjusted Time deposits U. S, Government deposits Intei—bank deposits; Domestic banks Foreign banks Borrowings 899 72 4 Form FR—284—a STATEMENT FOR THE PRESS Board of Governors e_< the Federal Reserve System October 13, 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 Oct. decrease since 12, Oct. 5 Oct. 13 1937 1938 1938 Oct. 12, 1938 Chicago Increase or decrease since Oct. 5 Oct. 13 1937 1938 ASSETS 352 1,900 + 19 - + 9 -1,044 521 + 5 - 191 + 8 - 4 + 16 — 492 41 455 339 20 32 + 2 + — 68 51 Loans and Investments — total 7,799 + 43 Loans — total 2,925 1,454 142 513 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 198 119 86 413 — — - 10 - 2 — 47 16 20 13 1 — — + 11 70 - 142 - 10 + 1 « 11 - + - 3 1 9 2 - 15 25 + 11 U« S. Gov't obligations Obligations fully guaranteed by U. S. Gov't Other securities 2,891 - 19 + 85 929 800 1,183 — 6 + 59 + 409 + 198 127 323 Reserve vdth F. R, bank Cash in vault Balances with domestic banks Other assets — net 3,651 61 79 455 + 61 + 2 + 8 + 2 +1,100 3 + 12 5 852 34 208 52 — 6 6,597 622 148 +131 - 4 - 9 + 649 98 — 177 1,578 463 - 3 — + 119 + 10 + 4 2,478 4ll - l4 - 3 + 534 — 89 663 + 12 + 1 + 134 + 4 17 253 + + 3, + 3 1 + + 27 69 + 277 + 6 + 74 9 LIABILITIES Demand deposits - adjusted Time deposits U. S.Gov't deposits Inter-bank deposits* Domestic banks Foreign banks Borrowings Other liabilities Capital account in.. • 306 1,483 + 13 + 2 — - + 1 71 5 62 10 ~ 1 1 8 Form FRr-284-b ASSETS AND LIABILITIES OF WEEKLY REPORTING MEMBER BANKS IN 101 LEADING CITIES ON OCTOBER 12, 19^8 (in millions of dollars) District Reserve K c . n r > a s Minne— St. Rich- Atlanta Chicago PhilaCity Louis mond delphia districts 2,151 21,295 1,136 8,660 1,138 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 8,272 582 3,316 418 3,924 345 653 267 65 23 1,569 151 519 185 22 17 244 108 11 161 2 24 3 7 36 6 580 1,161 107 1,502 32 82 2 111 266 222 87 502 34 58 2 100 36 16 15 171 32 28 2 79 92 4 170 67 78 112 48 5 U. S. Gov't obligations Obligations fully guaranteed by U.S.Gov't Other securities 8,053 1,678 3,292 389 31 134 3,139 858 1,347 342 94 284 801 319 65 159 42 85 Reserve \iith F. R. banks Cash in vault Balances tri-th domestic banks Other assets — net 6,870 429 2,411 1,244 341 132 148 72 3,776 79 153 529 254 17 170 83 147 103 271 103 145 34 139 42 15,604 5,163 570 1,046 250 10 7,129 1,018 161 768 294 38 1,089 746 29 428 199 21 341 186 35 2,283 6,04l 469 245 16 2,548 413 310 10 353 1 241 216 1 740 21 24l 317 1,611 16 226 19 362 ~4 93 6 90 Loans and Investments — total San Francisco 11 2 98 280 1 38 12 468 193 4 34 79 4 1 8 6 149 156 4 3 12 22 1 l4 18 1 20 34 63 41 46 1,405 235 470 210 156 12 4l 219 49 124 181 63 98 1,053 67 410 84 165 166 112 11 129 23 75 7 111 17 424 186 18 269 119 2 876 11 277 21 382 6 91 11 13 280 22 4o 55 345 22 10 55 380 1 178 733 118 309 329 21 209 26 246 209 494 143 20 4l0 132 31 923 1,014 105 125 1 364 212 1 274 15 7 57 3 96 83 5 295 330 LIABILITIES Demand deposits—adjusted Time deposits U* S. Gov't deposits Interbank deposits I Domestic banks Foreign banks Borrowings Other liabilities Capital account 3,662 876 100 •
@FedFRASER