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Form FR-284

STATEMENT FOR THE PRESS

For immediate r e l e a s e

Board of Governors
of the Federal Reserve System
October 2, 1939.

Condition of Weekly Reporting Member Banks i n 101 Leading C i t i e s
The c o n d i t i o n statement of weekly r e p o r t i n g 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 September 271 I n c r e a s e s
of $28,000,000 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 , $21,000,000 i n
holdings of United S t a t e s Government bonds r $38,000,000 i n holdings of "Other
s e c u r i t i e s " , $71,000,000 i n r e s e r v e balances with Federal Reserve banks, and
$158,000,000 i n demand d e p o s i t s - a d j u s t e d .
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 $12,000,000 i n Hew York
City and $28,000,000 a t a l l r e p o r t i n g member banks.
Holdings of Treasury b i l l s decreased $13,000,000 i n t h e Chicago d i s t r i c t and
$18,000,000 a t a l l r e p o r t i n g member banks. Holdings of Treasury n o t e s i n c r e a s e d
$6,000,000. Holdings of United S t a t e s Government bonds i n c r e a s e d $19,000,000 i n
New York City and $21,000,000 at a l l r e p o r t i n g member banks, and decreased
$10,000,000 i n the Chicago d i s t r i c t . Holdings of o b l i g a t i o n s guaranteed by the
United S t a t e s Government i n c r e a s e d $13,000,000 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 "Other s e c u r i t i e s " i n c r e a s e d $45,000,000
i n New York City and $38,000,000 a t 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 i n c r e a se d $79,000,000 i n New York C i t y , $26,000,000
i n the Chicago d i s t r i c t , $25,000,000 i n the Cleveland d i s t r i c t and $158,000,000
a t a l l r e p o r t i n g member banks. Time d e p o s i t s i n c r e a s e d $6,000,000.
Deposits c r e d i t e d t o domestic banks decreased $9,000,000 each i n the Kansas
City and San Francisco d i s t r i c t s and $25,000,000 at a l l r e p o r t i n g member banks.
Deposits c r e d i t e d t o f o r e i g n banks i n c r e a s e d $11,000,000.
Borrowings of weekly r e p o r t i n g member banks amounted t o $1,000,000 on
September 27.
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 r e p o r t i n g member banks,
together with changes f o r t h e week and t h e year ended September 27,1939, followsr

ASSETS
Loans and Investments - t o t a l
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 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
Other l o a n s 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 t o banks
' Other l o a n s

Sept.
27,
1939
22,419
8,350
4,229
316
533
510
1,180
35
1,547

I n c r e a s e or decrease
since
S e p t . 20, Sept. 28,
1939
1938
+ 80

+1,179

+ 31
+ 28
+ 1
+ 1

+ 109
+ 338
28
- 116
— 66
+
19
83
+
45

+

1

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

419
2,137
5,881
2,232
3,400

- 18)
+ 6)
+ 21)
+ 2
+ 38

Reserve with Federal Reserve banks
Cash i n v a u l t
Balances with domestic banks

9,794
486
3,018

+ 71
+ 16
~ 3

+3,100
+
60
+ 683

18,333
5,231
540

+158
+ 6

+2,825
+
51
41

7,667
753
1

- 25
+ 11

+1,868

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. Government d e p o s i t s
Inter-bank deposits:
Domestic banks
Foreign banks
Borrowings



+

326

+
+

557
187

+
+

305
1

Form FR—284
STATEMENT FOR THE PRESS
Board of Governors
of the Federal Reserve System
September 28, 1939

For immediate r e l e a s e

ASSETS AND LIABILITIES OF WEEKLY REPORTING MEMBER BAMS IB CENTRAL RESERVE CITIES
( i n m i l l i o n s of d o l l a r s )

1
I>

Ne

I n c r e a s e or
Sept.
decrease since
27, Sept. 20, Sept. 28,
1938
1939
1939

Sept.
27,
1939

Chicago
I n c r e a s e or
decrease since
S e p t . 20, Sept. 28,
1938
1939

ASSETS
Loans and Investments—total

8,477

+ 84

+

638

2,073

Loans — t o t a l

2,871

+ 15

—

63

1,652
117
406

4* 12
+ 2
+ 1

-

1

-

Commercial, i n d u s t r i a l and
agricultural loans
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 t o banks
Other loans

177
117
25
377

-

-

2

+

177

558

+

5

+

40

207
25
111

380
18
29

4- 5

+

40
2
2

67
14

—

18
2
69
45

+
—

—
-

1

+

-

50

—

6)
2)
+ 19)

+

239

118
249
670

+
+

1,120
1,258

+ 13
+

45

+
+

311
151

157
321

—

Reserve with F. R. banks
Cash i n v a u l t
Balances with domestic banks
Other a s s e t s - net

5,640
80
73
361

+
+

4
4
1
4

+2,,084
18
1
—
89

1,095
41
232
48

5
1

+1,608
+
8
~
110

1,782
498
63

5
6

+
+

925
275

852
13

—

49
5

15
266

—

+

3

1

+

1

12)
1)
6)

+

111

—

255
787
2,186

—

1

+

Treasury b i l l s
Treasury notes
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

+
+

-

—

+

1
3

+ 12

30
4

—

+
+
+
—

236
6
27
3

+ 1A

+
+
+

179
31
1

A

+
+

217
3

4- 1
— 3
+ 2

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




8,170
647
48
3,354
672.

+ 79

+
-

—

+

—

—

—

266
1,474

+
+

2
1

-

—

+

2
14

Form FR—284—b

ASSETS AM) LIABILITIES OF WEEKLY REPORTING MEMBER BANKS IN 101 LEADING CITIES OH SEPTEMBER 27, 1939
Total
All
Boston
districts

ASSETS
Loans and Investments - t o t a l
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 l o a n s f o r purchasing
or c a r r y i n g s e c u r i t i e s
Real e s t a t e loans
Loans t o banks
Other l o a n s

22,419

Hew
York

1,180

F e d e r a l
P h i l a - Cleve- Richdelphia land mond

R e s e r v e

D i s t r i c t
S t . Minne- Kansas
A t l a n t a Chicago Louis a p o l i s City Dallas

San
Francisco

321

399
181

652
281

516
263

2,200
956

1,151
417

1,885
682

695
250

585
290

3,142
876

682

8,350

9,332
598 3,235

4,229
316
533

282
65
23

1,770
124
409

194
24
18

259
6
21

109
12
3

156
3
5

513
34
33

190
6
5

98
3
1

170
18
3

173
2
2

315
19
10

510
1,180
35
1,547

22
81
1
124

235
205
25
467

31
55
1
94

15
38

10
26

14
22

50
384

63

54

50

178

257
3
849
59
343 2,361
45 1,206
132 1,424

38
325
94
277

199
127
52
67

76
106
1
113
118
435
942
290
481

7
9

419
2,137
5,381
2,232
3,400

11
31
1
83
8
35
98
62
92

14
51
3
52

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

25
172
3
196
6
222
581
109
285

7
49
140
66
99

34
113
27
44

7
83
93
54
134

13
49
80
55
56

85
678
172
309

Reserve with F. R. bank
Cash i n v a u l t
Balances with domestic banks
Other a s s e t s - net

9,794
486
3,018
1,220

466
143
147
79

5,769
99
194
444

399
19
210
99

498
45
332
101

178
22
189
38

132
13
212
47

1,369
74
534
79

210
12
178
22

93
7
114
17

189
17
333
22

133
12
271
30

358
23
304
242

18,333
5,231
540

1,152
239
16

8,766
1,026
66

908
282
53

1,286
731
42

481
200
28

390
188
40

2,588
933
111

473
190
21

293
119
3

525
144
23

456
136
31

1,015
1,043
106

7,667
753

315
27

3,438
674

386
12

413
2

283
1

267
1

1,129
14

319
1

149
1

4l6

248

304
20

1
700
3,712

1
20
245

272
1,596

15
222

16
371

32
97

11
92

19
404

6
94

7
58

3
102

5
86

294
345

——

73
——

L I A B I L I T I E S
Demand deposits—adjusted
Time d e p o s i t s
U. S. Gov't d e p o s i t s
I n t e r - b a n k deposits$
Domestic banks
Foreign banks
Borrowings
Other l i a b i l i t i e s
CAPITAL ACCOUNTS