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STATEMENT FOR THE PRESS Form FR-284 I For immediate r e l e a s e Condition of Board of Governors of the Federal Reserve System October 25, 1937* 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 t h e following p r i n c i p a l changes f o r the week ended October 20» Decreases of $31,000,000 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 , $42,000,000 i n loans to 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 ^ t e d S t a t e s Government d i r e c t o b l i g a t i o n s , $87,000,000 i n Government d e p o s i t s , *>54,000,000 i n deposits c r e d i t e d t o domestic banks, and $24,000",000 i n d e p o s i t s c r e d i t s t o foreign 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 $24,000,000 a t r e p o r t ing member banks i n New York City, $6,000,000 i n t h e Chicago d i s t r i c t , a nd $31,000,000 a t a l l r e p o r t i n g member banks. Loans t o brokers and d e a l e r s i-n securit i e s declined $39,000,000 i n New York City and $42,000,000 at a l l r ® P ° ^ n S °e™ banks. Other loans f o r purchasing or carrying s e c u r i t i e s declined $5,000,000 each i n New York City and i n t h e Chicago d i s t r i c t . t i o n n n nnn 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 declined $12,000,000 i n the Boston d i s t r i c t , $7,000,000 i n New York City and ^ , 0 0 0 , 0 0 0 each i n the Chicago, Minneapolis and Kansas City d i s t r i c t s , and increased W , 0 0 0 , 0 0 0 i n the Richmond d i s t r i c t , a l l r e p o r t i n g member banks showing a net d e c l i n e of $21,000,000 f o r t h e week. Holdings of "Other s e c u r i t i e s " declined $6,000,000. Demand d e p o s i t s - a d j u s t e d increased $14,000,000 i n the Chicago d i s t r i c t and $8,000,000 i n t h e Cleveland d i s t r i c t , and declined $10,000,000 each : m t h e Minnea p o l i s and Kansas City d i s t r i c t s and $8,000,000 i n t h e S t . Louis d i s t r i c t , a l l r e p o r t i n g member banks showing a net decrease of $12,000,000_ f o r the week. Time dep o s i t s increased $14,000,000 i n New York C i t y , $6,000,000 i n the Cleveland d i s t r i c t , and $15,000,000 at a l l r e p o r t i n g member banks. Government d e p o s i t s declined S * : ^3its°credit $2^000/»0 ^ Borrowings of weekly r e p o r t i n g member banks amounted t o $7,000,000 on October 2 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 t h e r e p o r t i n g member banks t o g e t h e r with changes f o r the week and the year ended October 20, 1937, follows t V XLl m-L.L-i-JLViJ.i3 KJJL Ut-V-LJLU.4. t. 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» On s e c u r i t i e s Otherwise secured end unsecured 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 l o a n s Loans t o banks Other loansl On s e c u r i t i e s Otherwise secured and unsecured 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 Reserve with Federal Reserve banks Cash i n v a u l t 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 depo 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 s Domestic banks Foreign banks Borrowings *Comparable f i g u r e s not a v a i l a b l e . Oct. 20, 1937 21,890 9,913 599 4,241 482 1,119 663 1,167 93 727 822 7,896 1,132 2,949 5,368 318 1,787 14,789 5,285 508 5,088 517 —Z_ Increase o r decrease since Oct. 21, Oct. 13, 1936 1937 — - — + — — - + — — - + — - + — — — + 109 81 6 25 4 42 10 1 3 2 21 1 6 29 29 41 12 15 87 54 24 3 — 681 +1,162 * * * + + * * * 59 24 37 -1,390 - 122 - 331 + 18 75 — 602 + — + + 439 213 264 996 51 7 Form FK-284-a STATEMENT FOR THE PRESS Board of Governors of the Federal Reserve System October 21, 1937 Fbr imraediate 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 ) Chicago New York City 19 3 7 19 3 6 19 3 7 Oct. 20 Oct. 13 Oct. 21 Oct. 20 Oct. 13 19 3 6 Oct. 21 ASSETS Loans and Investments - Total 8,075 8,151 8,692 1,955 1,970 2,062 Loans - t o t a l 3,903 3,969 3,407 700 712 590 241 1,705 183 968 * 34 442 30 46 34 447 30 47 * 79 14 1 * Commercial, i n d u s t r i a l and agricultural loansi 238 On s e c u r i t i e s 1,684 Otherwise secured & unsecured 187 Open market paper 929 Loans t o brokers and d e a l e r s Other loans f o r purchasing o r 240 carrying s e c u r i t i e s 135 Real e s t a t e loans 66 Loans t o banks Other l o a n s t 230 On s e c u r i t i e s 194 Otherwise secured & unsecured # * 1,001 * * 37 245 135 66 * 131 24 74 14 2 234 192 * * 21 37 22 38 •St * 15 4 U. S. Gov't o b l i g a t i o n s Obligations fully guaranteed by U. S. Gov't Other s e c u r i t i e s 2,799 2,806 3,742 899 904 1,109 389 984 391 985 459 1,084 100 256 100 254 92 271 Reserve with F. R. bank Cash i n v a u l t Balances with domestic banks Other a s s e t s - n e t 2,578 58 69 463 2,551 64 67 460 2,495 53 76 452 595 25 139 61 575 28 134 61 653 34 195 68 5,947 734 279 5,948 720 325 6,334 611 164 1,485 453 52 1,459 453 58 1,590 435 95 1,942 476 1,944 500 2,446 425 517 6 529 6 630 5 1 377 1,478 355 1,433 18 244 18 245 21 236 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 deposits« Domestic banks Foreign basks CW CD H Borrowings Other l i a b i l i t i e s Capital account *Comparable f i g u r e s not available* Form FR-284-b ASSETS AMD LIABILITIES OF WEEKLY REPORTING MEMBER BANKS IN 101 LEADING CITIES ON OCTOBER 20, 1937 (in m i l l i o n s of d o l l a r s ) Total All districts ASSETS Loans and Investments - t o t a l 21,890 Loans - t o t a l 9,913 Commercial, i n d u s t r i a l , and agricultural loanst On s e c u r i t i e s 599 Otherwise secured & unsecured 4,24l Open market paper 482 Loans t o brokers and d e a l e r s i n s e c u r i t i e s 1,119 Other loans f o r purhcasing o r carrying s e c u r i t i e s 663 Real e s t a t e loans 1,167 Loans t o banks 93 Other loans » On s e c u r i t i e s 727 Otherwise secured and unsecured 822 U. S.Gov't o b l i g a t i o n s 7,896 O b l i g a t i o n s f u l l y guaranteed by U*S.Govt. 1,132 Other s e c u r i t i e s 2,9-49 Reserve with F. R. bank 5,368 Cash i n v a u l t 318 Balances with domestic banks 1,787 Other a s s e t s — n e t 1,314 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 14,789 Time d e p o s i t s 5,285 U-. S. Gov't d e p o s i t s 508 Inter-bank deposits t Domestic banks 5,088 Foreign banks 517 Borrowings 7 Other l i a b i l i t i e s 866 C a p i t a l account 3,617 Federal Reserve D i s t r i c t c h - Atlanta Chicago St. nd Louis Boston New York 1,279 706 8,953 4,356 1,147 466 1,885 732 6 33 251 552 280 3,022 1,034 657 316 405 187 708 289 511 247 2,138 1,049 39 298 87 37 256 1,812 199 940 44 175 23 19 44 262 19 25 15 99 13 4 12 132 4 8 53 587 55 53 53 143 11 6 11 89 7 1 19 161 25 4 13 l4l 4 4 40 342 35 18 36 84 4 318 243 66 37 60 2 40 176 4 19 29 1 15 27 3 89 86 5 13 46 5 16 21 — — 14 20 l — — 56 369 2 66 55 417 23 133 257 37 106 79 263 259 3,011 434 1,152 2,696 76 136 570 48 58 315 96 270 237 17 139 88 119 43 830 60 263 327 4l 167 104 30 4l 277 40 65 127 18 145 26 53 166 33 73 100 11 110 4o 45 61 1,405 188 395 806 58 280 92 11 28 197 44 100 139 11 89 24 10 53 159 . 15 44 76 6 63 16 15 30 250 50 119 168 12 190 23 11 37 186 28 50 113 11 162 29 83 104 683 121 285 322 20 200 209 975 6 , 5 0 1 274 1,145 as 287 799 289 12 1,077 747 12 420 198 8 330 185 13 2,219 868 70 397 184 6 262 122 2 492 147 11 396 127 17 921 999 44 211 10 275 3 321 1 1 17 348 218 188 1 1 6 89 705 7 1 22 366 236 115 1 1 6 57 356 197 1 257 15 — -* 25 237 2,009 478 3 396 1,612 P h i l a - Clevedelphia land — — 23 227 4o — — — — 27 92 — — — 8 89 Minne- Kansas Dallas San apolis City Francisco 10 ' 6 — — — we 3 92 7 81 —r **# 326 327
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