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Form FR-234 STATEMENT FOR THE PRESS Board of Governors of t h e Federal Reserve System For immediate r e l e a s e October 2-4, 1938 Condition of Weekly Reporting Member Banks i n 101 Leading C i t i e s The condition 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 the following p r i n c i p a l changes f o r the week ended October 19: A decrease of $26,000,000 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 loans and i n c r e a s e s of $12-,000,000 i n loans t o brokers and d e a l e r s i n s e c u r i t i e s , $21,000,000 i n holdings 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 , $282,000,000 i n reserve balances with Federal Reserve banks, $151,000,000 i n demand d e p o s i t s - a d j u s t e d and $202,000,000 i n d e p o s i t s credited to domestic 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 loans declined $9,000,000 i n New York City and $16,000,000 a t a l l r e p o r t i n g member banks, some d i s t r i c t s showing small decreases and o t h e r s i n c r e a s e s i n such loans. Loans t o brokers and dealers i n secur i t i e s increased $19,000,000 i n New York City and $12,000,000 a t a l l reporting member banks. Holdings 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 the Chicago d i s t r i c t , $9,000,000 i n t h e Cleveland d i s t r i c t and $21,000,000 at a l l reporting member banks. Holdings of o b l i g a t i o n s f u l l y guaranteed by the United S t a t e s Government i n c r e a s e d $6,000,000. Holdings of "Other s e c u r i t i e s " decreased $8,000,000 i n New York City and $6,000,000 at a l l r e p o r t i n g member banks. Demand deposits—adjusted increased $60,000,000 i n New York C i t y , $20,000,000 i n the Chicago d i s t r i c t . $19,000,000 i n the Cleveland d i s t r i c t , $16,000,000 i n the Philadelphia d i s t r i c t , $13,000,000"in t h e Boston d i s t r i c t , and $151,000,000 at a l l r e p o r t i n g member banks. Government deposits declined $12,000,000 i n New York City. Deposits c r e d i t e d to domestic banks increased $135,000,000 i n New York City, . $18,000,000 i n t h e Chicago d i s t r i c t , $11,000,000 i n t h e Boston d i s t r i c t , $10,000,000 i n the Kansas City d i s t r i c t and $202,000,000 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 increased $21,000,000 i n New York City. Borrowings of weekly r e p o r t i n g member banks amounted t o $3,000,000 on October # A summary of 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, t o g e t h e r with changes f o r t h e week and t h e year ended October 19, 1938, follows: (In m i n i o n s of d o l l a r s ^ Increase o r decrease Oct. since Oct. 12, 19, Oct, 20, 1938 1938 1937 ASSETS Loans and Investments - t o t a l + 19 21,314 - 576 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 to brokers and d e a l e r s i n s e c u r i t i e 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 8,270 3,908 345 665 576 1,16-4 106 1,506 + 12 — 4 + 3 - 1 + 4 —1,643 - 929 - 137 - 454 87 3 + 13 46 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. Gov't Other s e c u r i t i e s 8,074 1,684 3,286 + 21 + 6 — 6 + 178 + 552 + 33 7 Reserve with Federal Reserve banks Cash i n v a u l t Balances with domestic banks 7,152 424 2,501 +282 - 5 + 90 +1,784 + 106 + 714 15,755 5,164 559 +151 + 1 - 11 + + 6,243 487 3 +202 + 18 + 3 +1,155 - 2 — 16 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 deposits U. S. Government d e p o s i t s Interbank deposits: Domestic banks Foreign banks Borrowings - 966 121 51 3 4 Form FR—285—a STATEMENT FOR THE PRESS Board of Governors of the Federal Reserve System October 20, 1938 For immediate r e l e a s e ASSETS AND LIABILITIES OF WEEKLY REPORTING MEMBER BANKS IN CENTRAL RESERVE CITIES (in millions of d o l l a r s ) New York City Increase or decrease since Oct. Oct. 12 Oct. 20 19, 1938 1937 1938 Chicago Increase or decrease since Oct. Oct. 12 Oct. 20 19, 1937 1938 1938 ASSETS Loans and Investments — t o t a l 7,795 m. 4 ee* 280 1,898 - 2 - Loans - t o t a l 2,932 + 7 - 971 517 - 4 - 183 1,445 141 532 •— — 477 46 397 339 21 30 + — 1 2 4 137 9 — 16 67 11 - 1 49 — 2 — - 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 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 to banks Other loans 196 119 88 4ll 2,887 9 1 + 19 — 2 2 - 4 + 88 932 + 3 + 33 1 8 + + - + 7 3 2 9 44 16 22 13 2 — 57 + U. S. Gov't o b l i g a t i o n s Obligations f u l l y guaranteed by U. S. Gov't Other s e c u r i t i e s 801 1,175 + 412 191 128 321 + — 1 2 + 28 + 65 Reserve with F.R. bank Cash i n vault Balances with domestic banks Other a s s e t s - net 3,871 61 78 450 +220 +1,293 + 3 mm 1 + 9 13 5 892 34 211 50 + 4o .+ 3 2 + 297 + 9 + 72 - 11 Demand deposits - adjusted Time'deposits U» S, Gov't deposits Inter-bank deposits» Domestic banks Foreign banks 6,657 619 136 + 1,599 464 62 + + 21 1 — 710 115 143 + ll4 4- 11 + 10 2,613 4-32 +135 + + 21 - 671 44 681 9 + 18 - 1 + 164 + 3 Borrowings Other l i a b i l i t i e s Capital account 3 312 1,483 + 3 72 5 17 253 — L I A B I L I T I E S - 60 3 12 + 6 — + —* — + + ;i 9 Form FR—284—b ASSETS AMD LIABILITIES OF WEEKLY REPORTING MEMBER BANKS IN 101 LEADING CITIES ON OCTOBER 19, 1938 districts E TS Loans and Investments - t o t a l P h i l a - Cleve- Richrdelphia land mond Boston Minneapolis Atlanta Chicago 21,314 1,134 8,650 1,1-41 8,270 579 3,319 418 3,908 345 665 264 65 22 1,557 150 538 185 23 16 241 11 23 164 2 6 466 35 33 576 1,164 106 1,506 32 82 2 112 265 222 88 499 33 58 1 102 36 171 2 170 68 15 28 2 80 78 93 4 110 48 5 35 8,074 U. S. Gov't o b l i g a t i o n s Obligations f u l l y guaranteed by U, S. Gov*t 1,684 3,286 Other s e c u r i t i e s 391 134 3,135 858 1,338 342 95 286 810 98 279 40 66 159 42 86 1,418 238 466 7,152 424 2,501 1,240 364 134 151 72 4,002 77 164 525 256 18 184 83 356 40 278 102 101 12 15,755 5,164 559 1,059 252 10 7,199 1,014 150 784 290 38 746 29 6,243 487 256 16 2,685 434 319 9 3 757 3,663 21 241 3 322 1,611 16 226 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 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 Reserve with F. R. banks Cash i n vault Balances m t h domestic banks Other a s s e t s — net District 155 1 3 344 22 15 21 63 12 22 1 42 46 54 380 1 179 210 63 99 156 12 41 223 49 125 188 4l 54 729 118 312 1,091 65 410 82 169 11 135 23 72 158 106 16 12 296 22 106 10 215 27 327 21 270 213 199 21 341 186 34 2,303 879 100 435 187 18 265 120 2 496 143 21 412 133 30 930 1,015 106 352 1 245 — 222 1 894 280 120 . 1 374 217 1 279 14 21 360 25 94 6 91 20 383 5 91 7 56 3 96 6 83 305 331 3 150 18 149 34 195 4 6 80 4 1 149 7 7 6 18 4 L I A B I L I T I E S Demand deposits-adjusted Time deposits U« S. Gov't deposits Inter-bank depositsi Domestic banks Foreign banks Borrowings Other l i a b i l i t i e s Capital account 10 t 10
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