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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