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STATEMENT FOR THE PRESS Form F. R* 284 For immediate r e l e a s e Board of Governors of t h e Federal Reserve System October 2 4 , 1944 Condition of Weekly Reporting Member Banks i n 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 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 for the week ended October 18* An i n c r e a s e of $7214.,000,000 i n demand d e p o s i t s adjusted and a decrease of $ 7 6 ) , 0 0 0 , 0 0 0 i n Government d e p o s i t s . Holdings of Treasury b i l l s i n c r e a s e d $ 1 6 5 , 0 0 0 , 0 0 0 i n New York C i t y and decreased $ 4 8 , 0 0 0 , 0 0 0 i n the Chicago D i s t r i c t o u t s i d e the c i t y o f Chicagoj a l l r e p o r t i n g member banks showed a n e t i n c r e a s e of $ 1 4 2 , 0 0 0 , 0 0 0 . Holdings o f Treasury c e r t i f i c a t e s of indebtedness d e c l i n e d $93# 000,000 i n New York C i t y and $ 1 0 1 , 0 0 0 , 0 0 0 a t a l l r e p o r t i n g member banks. Holdings of other United S t a t e s Government o b l i g a t i o n s and of "Other s e c u r i t i e s " showed r e l a t i v e l y small changes f o r the week. Demand d e p o s i t s a d j u s t e d increased i n a l l but 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 were $ 3 4 7 , 0 0 0 , 0 0 0 i n New York C i t y , $ 8 8 , 0 0 0 , 0 0 0 i n t h e Chicago D i s t r i c t , $ 8 4 , 0 0 0 , 0 0 0 i n t h e San Francisco D i s t r i c t , $ 6 7 , 0 0 0 , 0 0 0 i n t h e Cleveland D i s t r i c t , $ 3 8 , 0 0 0 , 0 0 0 i n the . B o s t o n D i s t r i c t , and $ 3 6 , 0 0 0 , 0 0 0 i n t h e P h i l a d e l p h i a D i s t r i c t , and the t o t a l i n c r e a s e was $ 7 2 4 , 0 0 0 , 0 0 0 , Time d e p o s i t s d e c l i n e d $33#000,000 i n New York C i t y and i n c r e a s e d i n n e a r l y a l l of the other d i s t r i c t s ; a l l reporting member banks showed a n e t i n c r e a s e of $ 6 , 0 0 0 , 0 0 0 . A l l Federal Reserve d i s t r i c t s p a r t i c i pated i n t h e decrease of $7^9,000,000 i n United S t a t e s Government d e p o s i t s . Deposits c r e d i t e d t o domestic banks i n c r e a s e d $1*3>000,000 i n New York C i t y , $ 5 2 , 0 0 0 , 0 0 0 i n t h e Chicago D i s t r i c t , $ 2 1 , 0 0 0 , 0 0 0 i n the San Francisco D i s t r i c t , and $ 1 7 8 , 0 0 0 , 0 0 0 a t a l l r e p o r t i n g member banks. Borrowings of weekly r e p o r t i n g member banks i n c r e a s e d $33«000,000 during the week and on October 18 amounted t o $ 1 9 0 , 0 0 0 , 0 0 0 . A summary o f t h e 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 f o l l o w s $ Increase or decrease s i n c e Oct, 20, Oct. 11, 1913 Oct. 18, 1944 A S S E T S Loans and Investments - t o t a l (In millions of dollars) + 602 - 8 51,079 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 Loans t o brokers and d e a l e r s f o r purchasing or carrying* U. S, Government o b l i g a t i o n s Other s e c u r i t i e s Other loans f o r purchasing or carrying* U» S. Government o b l i g a t i o n s Other s e c u r i t i e s Real e s t a t e loans Loans t o banks Other loans 10,980 6,136 Treasury b i l l s Treasury c e r t i f i c a t e s of indebtedness Treasury n o t e s U, S, bonds Obligations guaranteed by U, S, Government Other s e c u r i t i e s - 67 + 26 - 901 225 - 153 - 73 59 95 848 684 - 4) - 43) 546 330 1,062 55 1,319 - 29) + 2) - 1 - 11 - 7 2,269 io,U35 7,327 19,560 606 2,902 +142 -101 6 + 22 + 10 - 8 -2,611 +1,117 +2,386 +1,891 -1,268 12 9,412 581 2,196 + 68 + 9 +114 +1,091 • 40 - 118 Borrowings 36,614 7,477 7,023 9,206 859 190 +724 • 6 -769 •176 - 10 + 33 +5,248 +1,557 -6,506 + 438 + 83 + 83 Debits t o demand d e p o s i t a c c o u n t s , except interbank a c c o u n t s , during week 12,419 Reserve w i t l i Federal Reserve Banks Cash i n vatolt Balances *with domestic banks 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 I n t e r b a n k d e p o s i t s * Domestic banks Foreign banks and U.S, Govt, Form F, R. 28^a STATEMENT FOR THE PRESS Board of Governors o f t h e F e d e r a l Reserve System October 19, 1944* For Immediate R e l e a s e 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 ) New York C i t y I n c r e a s e or Oct. decrease since 18, Oct, 11, Oct. 20, l9Uit W W Oct. 18, 1944 Chicago I n c r e a s e or decrease since Oct . 11, Oct, dO, 1943 A S S E T S Loans and I n v e s t m e n t s - t o t a l Loans - t o t a l 19,200 t 28 911 4,359 - 56 5-09 + 20 71 2 1|0 138 1 47 34 - 236 hh 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 2,520 Loans t o b r o k e r s and d e a l e r s f o r purchasing or c a r r y i n g : U. S, Govt, o b l i g a t i o n s 693 Other s e c u r i t i e s 520 Other l o a n s f o r p u r c h a s i n g or carrying: U. Govt, o b l i g a t i o n s 221; Other s e c u r i t i e s 131 Real e s t a t e l o a n s 75 Loans t o banks 45 Other l o a n s 351 21) - ) 1,030 20 * + 47 52 79 + 165 - 93 + 27 7 + + + 989 73 923 373 231 1,054 587 1,739 844 30 326 410 5 880 615 3,494 2,702 6,835 lii9 996 - 5 3 Reserve w i t h F, R, Banks Cash i n v a u l t Balances w i t h domestic banks Other a s s e t s - n e t 3,1*56 92 25 273 + + + 63 8 2 2 62 + + 2 12 + — + 2 + 1) 2) - ) - 18 + 12 + 1 1 23 --- U2 180 43 -- + + - + 14 5 1 12 - 40 4 8 1 11 1 + + + 75 3 10 2 81 2 19 + 447 + 166 - 552 44 2 + 18 3 — + + 7 33 + + + - 261 + 55 + 67 + 170 1 4 — - 13 2 1) - 23 - 13 4 Treasury b i l l s T r e a s u r y c e r t , of i n d e b t . Treasury notes U, S. bonds Obligations guaranteed by U. S. Government Other s e c u r i t i e s 33 + 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 Interbank deposits? Domestic banks F o r e i g n banks Borrowings Other l i a b i l i t i e s CAPITAL ACCOUNTS 13,391 920 2,786 + 347 - 33 - 310 2,889 777 155 370 1,761 43 13 43 D e b i t s t o demand d e p o s i t a c c o u n t s , e x c e p t i n t e r b a n k and U . 8 , G o v t , a c c o u n t s , d u r i n g week 5,013 + + + 8 2 *1,866 -2,999 3,358 664 660 122 1,066 80 54 38 123 34 344 206 + + + + + 16 1,150 + + - + + Form F. R. 28l|b ASSETS AND LIABILITIES" OF* WEEKLY REPORTING -MEMBER - BANKS-® 101 - LEADING CITIES, OCTOBER 18, I9kb ' F e d e r a 1 R e s e r v e D i s t r i c t total San S t . . Minne- Kansas New P h i l a - C l e v e - RichAll D a l l a s Chicago A t l a n t a Boston F r ancisco Louis a p o l i s d e l p h i a land mond York districts S S E T S Loans and I n v e s t m e n t s - t o t a l ( I n m i l l i o n s of d o l l a r s ) 514,079 2,856 21,051 £- , 2 6 5 4,456 1,776 1,717 8,276 1,706 1,059 1,867 1,555 5,495 Loans - t o t a l Commercial, i n d u s t r i a l , & a g r 1 1 l o a n s Loans t o b r o k e r s and d e a l e r s f o r p u r c h a s i n g or c a r r y i n g : U.S. Gove m m e n t ob 1 i g a t ions Other s e c u r i t i e s Other l o a n s f o r p u r c h a s i n g or c a r r y i n g : U.S. Government o b l i g a t i o n s Other s e c u r i t i e s Real e s t a t e l o a n s Loans t o b a n k s . Other l o a n s 10,980 6,156 651 406 4,711 2,486 432 241 840 399 301 135 500 172 1,489 1,007 414 236 195 112 329 209 340 236 978 497 848 681 19 21 701 524 l 34 53 25 6 5 49 41 2 5 1 2 1 3 2 15 17 546 330 1,062 55 1,319 9 16 64 3 113 258 153 150 46 413 3 9 39 3 102 65 15 163 39 9 49 l 57 25 7 24 1 66 79 50 131 19 7 66 1 78 6 5 23 15 7 37 19 19 21 29 33 295 Treasury b i l l s Treasury c e r t i f i c a t e s of indebtedness Treasury notes U. S , bonds O b l i g a t i o n s g u a r a n t e e d b y U.S.Government Other s e c u r i t i e s 2,269 10,435 7,327 19,560 606 2,902 152 624 271 1,056 15 87 658 3,783 3,002 7,647 178:1,072 109 326 222 958 62 156 225 849 521 1,741 44 238 62 362 309 545 20 119 352 1,836 1,068 2,953 76 502 50 335 236 539 24 108 9,112 581 2,196 1,233 450 61 116 56 3,685 126 111 323 399 31 83 52 739 74 206 73 85 529 248 743 16 54 502 38 155 65 317 29 149 34 1,436 100 384 77 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 e S. Government d e p o s i t s I n t e r b a n k d e p o s i t s : Domestic banks F o r e i g n banks Borrowings Other l i a b i l i t i e s CAPITAL ACCOUNTS 36,6l4 7, U 77 7,023 9,206 859 190 1,629 4,503 2,125 325 465 302 16 4 33 269 14,720 ]1,722 1,428 187 2,972 301 2,960 355 8 779 155 7 17 377 1,903 233 3,039 1,017 478 534 4 3 26 447 1,164 277 260 434 1 82 118 1,127 310 192 485 4 1 12 115 D e b i t s t o demand d e p o s i t a c c o u n t s , e x c e p t i n t e r b a n k and U . S . G o v t , a c c o u n t s 12,449 595 464 848 366 356 R e s e r v e w i t h F e d e r a l R e s e r v e Banks Cash i n v a u l t Balances with domestic banks Other a s s e t s - n e t —— 120 —— 5 —— 132 —- , —- —— 57 43 92 87 391 291 606 37 126 105 363 218 463 21 45 326 23 244 30 376 1,003 788 1,911 102 337 860 45 272 469 1,168 201 172 518 2 2,977 1,590 623 470 - 24 8 132 7 110 1,006 451 434 352 1,030 46 315 20 116 21 10 234 153 398 11 58 178 11 81 14 5,620 1,504 1,056 1,501 18 2 45 527 1,045 264 177 554 1 7 10 120 663 158 149 276 2 11 6 78 1,244 216 178 817 1,962 580 268 407 23 279 19 / L I A B I L I T I E S 5,394 —— — — - -
@FedFRASER