The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
. Form FR-284 For immediate r e l e a s e \ STATEMENT FOR THE PRESS Board o f Governors of th& F e d e r a l Reserve System October 18, 1937 C o n d i t i o n of Weekly R e p o r t i n g Member Banks i n 1 0 1 Leading C i t i e s v v The c o n d i t i o n s t a t e m e n t of weekly r e p o r t i n g member banks i n 101 l e a d i n g 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 13 * An i n c r e a s e o f $40,000,000 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 d e c r e a s e of $17,000,000 i n l o a n s t o 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 ? an i n c r e a s e of $173,000,000 i n demand d e p o s i t s - a d j u s t e d , and d e c r e a s e s of $ 1 2 , 0 0 0 , 0 0 0 i n time d e p o s i t s and $50,000,000 i n Government d e p o s i t s ; and a d e c r e a s e o f $85,000,000 i n r e s e r v e b a l a n c e s w i t h F e d e r a l 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 l o a n s i n c r e a s e d $ 3 4 , 0 0 0 , 0 0 0 a t report— i n g member banks i n New York C i t y and $40,000,000 a t a l l r e p o r t i n g member b a n k s . Loans t o 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 d e c l i n e d $14,000,000 i n New York C i t y and $17,000,000 a t a l l r e p o r t i n g member b a n k s . H o l d i n g s 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 $13,000,000 i n t h e Richmond d i s t r i c t and £ 6 , 0 0 0 , 0 0 0 a t a l l r e p o r t i n g member b a n k s . Holdings of "Other s e c u r i t i e s " d e c l i n e d $6,000,000 i n New York C i t y and a t a l l r e p o r t i n g member b a n k s . Demand d e p o s i t s - a d j u s t e d i n c r e a s e d i n a l l b u t one d i s t r i c t , t h e p r i n c i p a l i n c r e a s e s b e i n g $ 4 0 , 0 0 0 , 0 0 0 i n New York C i t y , $27,000,000 i n t h e San F r a n c i s c o d i s t r i c t * $21,000,000 i n t h e Kansas C i t y d i s t r i c t and $19,000,000 i n t h e S t . Louis d i s t r i c t , and t h e a g g r e g a t e n e t i n c r e a s e b e i n g $ 1 7 3 , 0 0 0 , 0 0 0 . Time d e p o s i t s d e d i n e d $ 5 , 0 0 0 , 0 0 0 each i n New York C i t y and i n t h e San F r a n c i s c o d i s t r i c t and $12,000,000 a t 1 r e p o r t i n g member banks. Government d e p o s i t s d e c l i n e d $28,000,000 i n New York C i t y and 050,000,000 a t a l l r e p o r t i n g member b a n k s . D e p o s i t s c r e d i t e d t o domestic banks d e c l i n e d $45,000,000 i n New York City and i n c r e a s e d $12,000,000 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 n e t d e c r e a s e of $ 3 5 , 0 0 0 , 0 0 0 f o r t h e week. D e p o s i t s c r e d i t e d t o f o r e i g n banks d e c l i n e d 0 5 , 0 0 0 , 0 0 0 i n New York C i t y . Borrowings of weekly r e p o r t i n g member banks amounted t o $ 4 , 0 0 0 , 0 0 0 on October 1 3 A summary o f 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 w i t h changes f o r t h e week and t h e y e a r ended October 1 3 , 1937, f o l l o w s $ ( i n m i l l i o n s of d o l l a r s ) Increase or decrease since Oct. Oct. 1 4 , Oct. 6 , 13 1936 1937 1937 A S S E T S Loans and I n v e s t m e n t s - t o t a l +24 21,999 -569 Loans - t o t a l +22 9,994 +1*299C o m m e r c i a l , 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 I * On s e c u r i t i e s 605 +5 * Otherwise s e c u r e d and u n s e c u r e d 4,266 +35 * Open market p a p e r +1 478 +l<4 Loans t o 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 1.161 -17 #. Other l o a n s f o r p u r c h a s i n g o r c a r r y i n g s e c u r i t i e s 673 -5 — Real e s t a t e l o a n s 1,167 +25 Loans t o banks 94 +2 +40 * Other l o a n s l On s e c u r i t i e s +2 730 * Otherwise s e c u r e d and u n s e c u r e d 820 -1 +6 U, S. Government d i r e c t o b l i g a t i o n s *l,4o6 7,917 O b l i g a t i o n s f u l l y g u a r a n t e e d by U. S. Govt. +2 1,133 -125 Other s e c u r i t i e s -6 2,955 -337 Reserve w i t h F e d e r a l Reserve banks +91 -85 5,339 Cash i n v a u l t +40 347 —63 Balances w i t h d o m e s t i c banks +64 1,828 -605 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 14,801 +173 -251 Time d e p o s i t s +202 - 12** 5,270 U. S. Government d e p o s i t s -50 595 -253 I n t e r - b a n k d e p o s i t s i Domestic banks -1,020 5,142 -35 F o r e i g n banks -4** 541 +57 . Borrowings +1 +2 4 ^Comparable f i g u r e s n o t a v a i l a b l e , * * 0 c t . 6 f i g u r e s r e v i s e d (New York d i s t r i c t ) Form FR-28 V a STATEMENT FOR THE PRESS Board of Governors of t h e F e d e r a l Reserve System O c t o b e r 1-4, 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 ) Chicago New York C i t y 1 9 3 6 1~9 3 6 I 1 9 3 7 ,19 3 7 Oct. i 4 O c t . 1 3 | O c t . 6 O c t . l 4 O c t . 13 O c t . 6 A S S E T S 8,151 8,132 8,687 1,970 1,976 2,075 3,969 3,948 3,363 712 718 587 241 1,705 183 968 240 1,672 183 982 # 34 447 30 47 35 451 29 47 * * * 245 135 66 248 135 61 * 81 14 1 * 131 23 79 14 1 234 192 232 195 * * 22 38 23 37 * * U. S. G o v ' 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 g u a r a n t e e d by U. S. G o v ' t Other s e c u r i t i e s 2,806 2,802 3,768 904 905 l,ll4 391 985 391 991 462 1,094 100 254 100 253 92 282 Reserve w i t h F. R. bank Cash i n v a u l t B a l a n c e s w i t h d o m e s t i c banks Other a s s e t s - n e t 2,551 64 67 460 2,634 55 64 457 2,429 58 73 457 575 28 134 61 574 25 137 60 652 36 197 68 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. G o v ' t d e p o s i t s Inter-bank deposits t Domestic banks F o r e i g n banks 5,948 720 325 5,908 **72 5 353 6,217 613 193 j 1,459 453 58 1,473 453 62 1,583 434 101 1,944 500 1,989 **505 2,463 443 529 6 515 6 648 6 Borrowings Other l i a b i l i t i e s C a p i t a l account 1 377 1,478 384 1,478 345 1,430 18 24 5 17 246 21 235 Loans and i n v e s t m e n t s - t o t a l Loans — t o t a l Commercial, i n d u s t r i a l and agricultural loansI On s e c u r i t i e s Otherwise secured & unsecured Open market p a p e r Loans t o b r o k e r s and d e a l e r s Other l o a n s f o r p u r c h a s i n g o r carrying securities Real e s t a t e l o a n s Loans t o banks Other l o a n s * On s e c u r i t i e s Otherwise secured & unsecured I * * 971 37 15 4 L I A B I L I T I E S j *Comparable f i g u r e s n o t a v a i l a b l e **Revised. Form FR-284-b ASSETS AIS) LIABILITIES OF WEEKLY REPORTING MEMBER BANKS IN 101 LEADING CITIES ON OCTOBER. 1 3 , 1937 (in millions of d o l l a r s ) Total districts A S S E T S 21,999 Loans and i n v e s t m e n t s - t o t a l 9,994 Loans - t o t a l Commercial, i n d u s t r i a l , and agricultural loans t On s e c u r i t i e s Otherwise s e c u r e d & unsecured 4,266 0 p m market p a p e r _ _ Loans t o 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 , 1 6 1 Other loans f o r purchasing or 673 carrying securities 1,167 Real e s t a t e l o a n s 94 Loans t o banks Other loans I 730 On s e c u r i t i e s 820 Otherwise s e c u r e d and u n s e c u r e d 7 , 9 17 U. S. Gov't o b l i g a t i o n s 1,133 O b l i g a t i o n s f u l l y g u a r a n t e e d by U.S.Gov't 2,955 Other s e c u r i t i e s 5,339 Reserve with F. R. bank 347 Cash i n v a u l t 1,828 Balances with d o m e s t i c banks 1,304 Other a s s e t s - net L I AB I L I I I E S 14,801 DBriehd d e p o s i t s - a d j u s t e d 5,270 Time d e p o s i t s 595 U.S. Gov't d e p o s i t s Inter-bank deposits: 5,142 Domestic banks 541 Foreign banks 4 Borrowings 849 Other l i a b i l i t i e s 3,615 C a p i t a l account Boston New York F e d e r a l Reserve D i s t r i c t St.. jPhila- I CIeve- Rich- | A t l a n t a Chicago Louis mond Idelphiaj land San Minne- Kansas D a l l a s F r ancisco C i t y apolis 1,294 709 9,036 4,428 1,153 472 1,883 730 617 250 553 276 3,037 1,044 661 316 407 187 710 289 513 247 2,135 1,046 39 299 89 38 259 1,835 194 982 44 178 24 21 44 262 18 24 15 99 12 4 12 128 4 7 53 593 54 53 54 142 11 6 11 87 7 1 19 161 26 4 14 l4l 4 3 41 341 35 18 36 84 3 324 243 66 37 60 2 40 177 3 19 29 2 15 27 4 94 85 5 13 46 6 10 6 14 20 1 16 21 55 369 2 66 55 429 23 133 250 37 103 79 267 258 3,020 436 1,152 2,666 83 134 558 49 57 315 98 268 236 19 134 90 120 42 830 60 263 324 42 171 104 30 40 263 39 65 128 20 164 39 27 52 169 34 74 107 13 114 40 46 61 1,410 189 394 785 65 295 93 11 27 197 46 102 143 12 90 24 10 55 164 12 44 78 7 72 16 15 29 255 45 121 178 l4 189 23 10 38 186 29 51 114 12 166 29 79 106 679 122 288 330 23 196 209 971 275 33 6,497 1,131 335 799 290 16 1,069 741 15 426 198 10 332 186 15 2,205 869 78 405 184 7 272 122 2 502 147 13 398 126 19 925 1,001 52 214 9 2,010 501 1 390 1,612 274 3 332 1 1 17 348 216 197 1 1 7 88 726 8 1 22 366 237 120 1 358 202 1 256 16 6 57 3 91 7 81 316 327 ii HIM 24 237 23 227 — — 26 92 — 8 89 —
@FedFRASER