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STATEMENT FOB THE PRESS B-S04 F e d e r a l Reserve Board October 22, 1934. For immediate r e l e a s e CONDITION OF WEEKLY REPORTING MEMBER BANKS IN LEADING CITIES The F e d e r a l Reserve B o a r d ' s 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 91 l e a d i n g c i t i e s on October 1% shows i n c r e a s e s f o r the week of $30,000,000 i n t o t a l loans and investments and $ l 6 l , 0 0 0 , 0 0 0 i n n e t demand d e p o s i t s and a decrease of $162,000,000 i n Government d e p o s i t s . The s t a t e m e n t has been r e v i s e d to show s e p a r a t e l y , and by F e d e r a l Reserve d i s t r i c t s , loans to brokers and d e a l e r s i n New York and o u t s i d e New York, l o a n s on s e c u r i t i e s to o t h e r s , a c c e p t a n c e s and commercial p a p e r , loans on r e a l e s t a t e , and obl i g a t i o n s f u l l y g u a r a n t e e d b o t h as to p r i n c i p a l and i n t e r e s t by the United S t a t e s Government. In view of the new c l a s s i f i c a t i o n of l o a n s the memorandum items h e r e t o f o r e appearing a t the bottom of the statement of c o n d i t i o n of r e p o r t i n g member banks i n New York City, r e l a t i n g to loans on s e c u r i t i e s to b r o k e r s and d e a l e r s , has been e l i m i n a t e d from t h a t s t a t e m e n t . The statement p u b l i s h e d l a s t Thursday, which i s r q i s s u e d h e r e w i t h in r e v i s e d form, showed t h e t o t a l amount of b r o k e r s ' loans made by New York City banks f o r t h e i r own account as $626,000,000, of which ( a s shown i n the r e v i s e d s t a t e m e n t ) $576,000,000 r e p r e s e n t e d l o a n s to b r o k e r s and d e a l e r s in New York City and $50,000,000 to b r o k e r s and d e a l e r s o u t s i d e of New York C i t y . Of the $132,000,000 loans to b r o k e r s and d e a l e r s made by weekly r e p o r t i n g member banks i n New York C i t y f o r t h e account of o u t - o f - t o w n banks ( a s shown i n the statement i s s u e d l a s t Thursday), $130,000,000 was made f o r the account of weekly r e p o r t i n g member banks o u t s i d e New York C i t y . The f i g u r e s a s p u b l i s h e d i n t h i s statement do not i n c l u d e l o a n s to b r o k e r s and d e a l e r s by New York banks f o r a c count of n o n - r e p o r t i n g banks and f o r account of o t h e r s . F i g u r e s f o r such l o a n s , which a t t h e p r e s e n t time amount to about $3,000,000, w i l l be p u b l i s h e d monthly i n $b.e F e d e r a l Reserve B u l l e t i n . 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 the r e p o r t i n g p;ember banks, i n 91 l e a d i n g c i t i e s , t h a t a r e now included i n the s t a t e m e n t , t o g e t h e r with changes f o r the week and the y e a r ended October 1 7 , 193^, 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. 17.1914 O c t . 10. 1934 O c t . 18. 1933 Loans and investments - t o t a l Loans on s e c u r i t i e s - t o t a l To b r o k e r s and d e a l e r s : In New York 0 u t s i d e New York To 0 t h e r s 17.8=54- + 10 ' 3,025- + 28 ' 706 149 2,22X7 + 34 > 7 lir + +1,262 - 20 - 18 -552 1) Acceptances and commercial p a p e r Loans on r e a l e s t a t e Other loans 3,315 + U. S . Government 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.Govt. Other s e c u r i t i e s 6,650 446 2,911 — 8 +13) - g) +1,663 2,976 261 $L 13,3654,463 933 - 1 -12 sz +i6a> - 5 -162 +1,021 +53 +2,665 -13 +153 1,586 3,957 + 45 + 93 ' +3^7 +1,217 Reserve with F . R. banks Cash i n v a u l t Net demand d e p o s i t s Time d e p o s i t s Government d e p o s i t s Due from banks Due to banks Borrowings from F . R. banks 2 + 5) 2 -206 +395 -IS • ffibr immediate r e l e a s e F e d e r a l Reserve Board October 22, 1934 CONDITION 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 ) O c t . 17 19l4 O c t . 10 1934 Oct. 18 1931 Loans and investments - t o t a l 7,112 7,092 6.782 Loans on s e c u r i t i e s - t o t a l To brokers and d e a l e r s : In New York Outside New York To others 1,434 1,402 1.712 576 50 808 544 49 809 643 48 1,021 Acceptances and commercial paper Loans on r e a l e s t a t e Other loans 243 134 1,268 243) 135) 1,265) U. S. Government d i r e c t o b l i g a t i o n s Obligations f u l l y guaranteed by U.S.Govt. Other s e c u r i t i e s 2,800 229 1,010 2,812 220) 1,015) Reserve :with F. B. banks Cash in vault 1,381 38 1,423 45 878 38 Net demand d e p o s i t s Time deposits Government d e p o s i t s 6,384 653 516 6,322 662 600 5,331 757 351 Due from banks Due to banks 64 1,651 60 1,630 75 1,219 NEW YORK Borrowings from F. R. banks 1,749 2,226 1,095 — —- CHICAGO Loans and investments - t o t a l 1,577 1,536 1,201 Loans on s e c u r i t i e s - t o t a l To brokers and d e a l e r s : In New York Outside New York To o t h e r s 233 235 344 24 22 187 24 23 188 18 50 276 Acceptances and commercial p a p e r Loans on real e s t a t e Other l o a n s 52 21 249 55) 21) 247) 347 U. S. Government d i r e c 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 guaranteed by U.S.Govt. Other s e c u r i t i e s 689 78 215 6S5 77) 216) 210 Reserve with F . R. banks Cash i n v a u l t 458 35 438 36 388 36 1,485 360 31 1,465 360 32 1,040 346 54 164 434 156 424 191 268 Net demand d e p o s i t s Time d e p o s i t s Government d e p o s i t s Due from banks Due to banks 300 Borrowings from F . R. "banks (B-804a) For immediate r e l e a s e PRINCIPAL ASSETS AND LIABILITIES OF WEEKLY REPORTING MEMBER BANKS IN LEADING CITIES, BY DISTRICTS, ON OCTOBER 17, 193^ B-804b ( i n m i l l i o n s of d o l l a r s ) To t a l Loans and investments - t o t a l Loans on s e c u r i t i e s - t o t a l To "brokers and d e a l e r s : In New York O u t s i d e New York To o t h e r s Boston 17,354' 1,195 is223 3,083 Federal Cleve- Rich- Reserve St. York delphia land 8,031 1,057 it 20% 1,176 350 338 1,929 519 364 582 433 1,880 181 57 58 286 71 36 56 48 214 16 2 6 173 6 1 50 5 3 50 26 24 236 I 62 1 1 34 5 3 48 4 1 43 13 8 193 j 8 17 81 4 11 105 63 37 323 9 38 101 8 7 113 22 14 121 4 24 118 24 344 318 866 90 264 185 18 97 l4i 2 57 242 11 116 ISO 14 45 598 28 354 497 45 91 8 85 11 78 9 l6l 15 ^ 184 130 21 1,733 490 4s 366 l66 23 251 125 9 467 >167 17 305 122 51 721 935 59 71 80 233 532 96 162 82 118 191 265 134 149 18 206 1,648 A t l a n t a Chicago mond 176 606 53 989 Acceptances and commercial p a p e r Loans on r e a l e s t a t e Other l o a n s 3,315 54 93 292 245 251 1,425 184 V. S. Government 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 guaranteed by U.S. Govt. Other s e c u r i t i e s 6,650 446 2,911 364 6 163 2,986 241 1,235 291 16 270 570 12 198 127 4 56 100 4 56 2,976 261 9(0 13,3654,463 933 199 70 1,447 49 129 13 l4g 19 27 6 920 336 67 6,845 1,084 543 694 314 53 664 45s 36 56 12 3i> 215 1,586 3,957 114 208 13? 1,714 2 1 1 Reserve w i t h F , R. banks Cash i n v a u l t Net demand d e p o s i t s Time d e p o s i t s Government d e p o s i t s Due from banks Due to banks Borrowings from F . R. banks $ ' San Phila- 706 149 2,22a 7 17 District Minn- Kansas New Ilk % 13 139 242 107 176 94 105 —— — — 1 • Louis e a p o l i s — % —— Dallas City Francisco
@FedFRASER