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Form FR-284 STATEMENT FOR THE PRESS For immediate release Board of Governors of the Federal Reserve System October 3» 1938 Condition of Weekly Reporting Member Banks in 101 Leading Cities The condition statement of weekly reporting member banks in 101 leading cities shows the following principal changes for the week ended September 281 A decrease of #20,000,000 in holdings of United States Government direct o r a t i o n s ; an in ^ ^ % : e ^ r S d S t r % % ^ ^ t u r a l loans increased $2 000,000,floans to brokers and dealers in securities declined $9,000,000, and Other loans declx ASSETS Loans and Investments — total * % SU CO CD 'Holdings of United States Government direct obligations declined $16,000,000 in New York City and $20,000,000 at all reporting member banks. Holdings of obligations fully guaranteed by the United States Government increased %3,000,0UU. Holdings of "Other securities" increased $$,000,000._ Demand deposits-adjusted increased $168,000,000 in New York City, $23,000,000 in the Chicago district and $220,000,000 at all reporting member banks, and declined $22,000,000 in the New York district outside New York City and $13,000,000 in the Kansas City district. Time deposits declined $26,000,000 in New York Ci y and $36,000,000 at all reporting member banks. Government deposits remained unchanged for the week. „ „ , Deposits credited to domestic banks declined $21,000,000 m New York City, $15,000,000 in the Chicago district and $53,000,000 at all reporting member banks. Weekly reporting member banks reported no borrowings on September 28. A summary of the principal assets and liabilities of reporting member banks, ^ together with changes for the week and the year ended September 28, 1938, follows: (in millions of dollars) Increase or decrease since Sept. 29, 1937 - 25 - Loans — total 8,24-1 Commercial, industrial, and agricultural loans 3,891 Open market paper _ _ |44 Loans to brokers and dealers in securities 649 Other loans for purchasing or carrying securities 576 Real estate loans 3->l6l Loans to banks Other loans 1,502 - 13 + 2 + 4 - 9 - 2 + 1 + 2 - 11 -1,763 - 916 - 131 - 578 — 106 4 + 21 49 U. S. Government direct obligations Obligations fully guaranteed by U.S. Gov't Other securities 8,111 1,675 3,213 - 20 + 3 + 5 + + + Reserve with Federal Reserve banks Cash in vault Balances with domestic banks 6,694 426 2,335 +166 + 16 ' - 18 15,508 5,180 581 +220 - 36 5,799 448 - 53 + 3 - 1 21,240 786 208 544 225 +1,206 + 103 + 598 L I A B I L I T I E S Demand deposits-adjusted Time deposits U. S. Government deposits Inter-bank deposits: Donestic banks Foreign banks Borrowings + s 644 110 ~ 63 + — 801 124 4 Form FR—284—a STATEMENT FOR THE PRESS Board of Governors of the Federal Reserve System September 29, 1938 For immediate release ASSETS AND LIABILITIES OF WEEKLY REPORTING MEMBER BANKS IN CENTRAL RESERVE CITIES (in millions of dollars) Chicago New York City Increase or Increase or Sept. decrease since Sept. decrease since Sept. 21 Sept.29 28, Sept. 21 Sept. 29 28, 1937 1938 1937 1938 1938 1938 ASSETS Loans and Investments - total 7,839 — Loans - total 2,934 - 11 1,445 142 517 - 3 8 327 1,896 - 3 - 99 -i,o4? 518 - 7 -213 456 34 513 340 - 3 -155 - 11 - 17 54 15 30 5 67 11 49 - 3 — i4 - 3 - 2 - 11 2 + - Commercial, industrial and agricultural loans Open market paper Loans to brokers and dealers Other loans for purchasing or carrying securities Real estate loans Loans to banks Other loans 195 119 94 422 26 — — — — + - - 3 7 + - 20 31 — 1 — — — U. S.GovH obligations Obligations fully guaranteed by U.S. Gov't Other securities 2,989 — 16 + 203 926 +4 + 17 809 1,107 + - + + 421 96 127 325 - 1 + 1 + 27 + 70 Reserve with F. R. bank Cash in vault Balances -with domestic banks Other assets - net 3,556 62 72 450 +151 + 5 - 4 - 3 + 810 + 3 + 6 4 859 35 205 51 +21 + 1 - 7 + 1 +284 + 10 + 73 - 10 6,562 +168 - 26 + +23 — +107 + 14 +127 + 3 6 5 L I A B I L I T I E S Demand deposits - adjusted Time deposits U. S. Gov't deposits Inter-bank deposits: Domestic banks Foreign banks Borrowings Other liabilities Capital account 639 158 2,429 397 — 477 95 194 1,603 467 62 + 509 — 129 635 10 -13 +2 17 252 — — - - 21 + 4 — — 315 1,479 - 2 + 86 6 j + 1 — + 7 I Form FH-284-"b ASSETS AND LIABILITIES OF WEEKLY REPORTING- MEMBER BANKB IN 101 LEADING CITIES ON SEPTEMBER 28, 1938 (In millions of dollars) District Reserve Federal Total San • St. Minne- Kansas New Phila- Cleve- RichAll Dallas Francisco Boston York delphia land mond Atlanta Chicago Louis apolis Citydistricts ASSETS Loans and Investments — total 663 369 643 510 821 290 160 246 236 157 3 7 466 181 4 5 78 4 148 152 1 4 2 14 28 3 77 78 13 48 8 12 111 33 63 41 45 178 210 63 100 223 48 184 64 l,4oo •236 470 155 36 162 4l 85 4i 126 729 118 . 308 357 40 254 102 146 20 145 33 97 12 127 45 1,056 67 405 83 72 156 105 11 208 26 324 22 244 204 754 1,084 740 290 29 40 420 197 21 342 186 34 2,303 878 100 423 186 18 488 143 20 408 133 31 913 1,016 105 291 7 220 198 1 844 11 259 351 200 261 14 631 577 2,927 653 235, 289 20 15 245 12 21 106 11 3 264 222 95 510 34 58 2 100 36 170 2 167 16 391 3,231 863 30 135 1,264 346 94 296 286 784 97 280 6,694 426 2,335 1,232 320 3,672 79 127 161 134 70 523 226 18 157 84 15,508 5,180 581 1,023 7,085 256 1,036 171 10 5,799 448 223 2,496 l4 399 21,2-40 1*137 8,685 Loans — total Commercial, industrial, and agricultural loans Open market paper Loans to brokers and dealers in securities Other loans for purchasing or carrying securities Real estate loans Loans to banks Other loans 8,241 581 3,327 415 186 649 267 1,563 151 63 522 25 U. S. Gov't obligations Obligations fully guaranteed by U.S,Gov1t Other securities 8,011 Reserve with F. R. banks Cash in vault Balance with domestic banks Other assets - net 576 1,161 118 1,502 1,675 3,213 31 82 2 111 l,l4l 1,83.4 32 1 66 34 35 9 t 6 163 11 123 23 6 6 110 17 18 22 1 13 267 22 Z l4 20 l $ 2,143 988 342 22 9 56 380 1 L I A B I L I T I E S Demand deposits-adjusted Time deposits U. S. Gov't deposits Inter-bank deposits $ Domestic banks Foreign banks Borrowings Other liabilities Capital account 333 1 -1 750 3,661 326 21 241 1,607 18 226 18 362 94 TL — — - 6 91 21 381 7 90 265 119 2 123 1 — II H I HI 8 56 3 96 — 6 82 293 335
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