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Form FRr-284 STATEMENT FOR THE PRESS For immediate r e l e a s e Board of Governors of t h e Federal Reserve System October 31, 1938 Condition of Weekly Reporting Member Banks i n 101 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 following p r i n c i p a l changes f o r t h e week ended October 261 I n c r e a s e s of $7,000,000 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 , $63,000,000 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 , $80',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 , and $240,000,000 i n demand deposits—adjusted* 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 incre ase d $4,000,000 i n t h e S t . Louis d i s t r i c t , $ 3 , 0 0 0 , 0 0 0 i n the Dallas d i s t r i c t and $7,000,000 a t a l l r e p o r t i n g member banks. Loans t o b r o k e r s and d e a l e r s increased $39,000,000 i n New York C i t y , $10,000,000 i n t h e Chicago d i s t r i c t and $63,000,000 a t a l l r e p o r t i n g 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 $31,000,000 i n New York C i t y , $22,000,000 i n t h e Chicago d i s t r i c t , $16,000,000 i n t h e Cleveland d i s t r i c t , $12,000,000 i n the Richmond d i s t r i c t and $80,000,000 at a l l r e p o r t i n g member banks. Holdings of "Other s e c u r i t i e s " increased $18,000,000 i n New York C i t y and $20,000,000 a t a l l r e p o r t i n g member banks. Demand deposits—adjusted i n c r e a s e d i n most of the d i s t r i c t s , t h e p r i n c i p a l i n c r e a s e s being $114,000,000 i n t h e Chicago d i s t r i c t and $75,000,000 i n New York C i t y , and t h e aggregate i n c r e a s e being $2^0,000,000. Time d e p o s i t s d e c l i n e d $8,000,000 and Government d e p o s i t s declined $13,000,000. Deposits c r e d i t e d t o domestic banks declined somewhat i n a number of d i s t r i c t s , t h e aggregate d e c l i n e a t a l l r e p o r t i n g member banks being $47,000,000, Borrowings of weekly r e p o r t i n g member banks amounted t o $3,000,000 on October 26. A summary of t h e p r i n c i p a l a s s e t s and l i a b i l i t i e s of r e p o r t i n g member banks, t o g e t h e r with changes f o r t h e week and t h e year ended October 26, 1938, f o l l o w s : Oct. 26, 1938 ASSETS Loans and Investments - t o t a l 21,493 I n c r e a s e or decrease sinc e Oct. 27, Oct. 19, 1937 1938 201 +179 Loans — t o t a l 8,346 Commercial, i n d u s t r i a l , and a g r i c u l t u r a l loans 3>915 Open market paper 345 Loans t o b r o k e r s and d e a l e r s i n s e c u r i t i e s 728 Other l o a n s f o r purchasing or carrying s e c u r i t i e s 572 Real e s t a t e l o a n s 1,165 Loans t o banks 103 Other loans 1,518 + 76 + 7 U. S. Government d i r e c t o b l i g a t i o n s O b l i g a t i o n s f u l l y guaranteed by U.S. Gov't Other s e c u r i t i e s 8,154 1,687 3,306 + 80 + 3 + 20 Reserve with F e d e r a l Reserve banks Cash i n v a u l t Balances with domestic banks 7,200 438 2,495 + 48 + 14 — 6 15,99$ 5,156 546 +240 - 8 - 13 6,196 492 3 - 47 + 5 + 63 - 4 + l - 3 + 12 1,336 865 136 228 88 — 4 422 — 37 «-* — *** 4-h 221 554 360 4- + 1^796 104 753 4* 4- 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 Inter—bank d e p o s i t s J Domestic banks Foreign banks Borrowings + 1,191 118 75 — 44- 1,250 — 3 Form FR-285~a STATEMENT FOR THE PRESS Board of Governors of t h e Federal Reserve System October 27, 1938 For immediate r e l e a s e ASSETS AND LIABILITIES 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 City Increase o r decrease s i n c e Oct. 26, , Oct. 19 Oct# 27 1937 1938 1938 Oct, 26, 1938 Chicago Increase or decrease since Oct. 19 Oct. 27 1937 1938 ASSETS Loans and Investments — t o t a l 7,885 + 90 - Loans — t o t a l 2,968 + 36 — Commercial, i n d u s t r i a l , and agricultural loans Open market paper Loans t o b r o k e r s 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 l o a n s Loans t o banks Other loans 29 1,928 + 30 - 734 527 + 10 -149 3 • 1,444 l4l 571 - 1 197 119 84 412 + — + 39 1 + 4 1 - + — 440 45 208 341 20 38 41 15 29 14 67 11 + + 2 1 8 -117 - 10 - 2 1 - 8 3 - 2 - »7 + 52 — —' + 50 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 2,918 + 31 + 69 950 + 18 806 1,193 + 5 + 18 + 417 + 219 128 323 + 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 3,904 63 77 447 + 33 + 2 - 1 - 3 +1,280 + 1 + 9 11 929 35 229 51 + 37 + 1 + 18 + 1 +321 + 5 + 84 - 3.0 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 d e p o s i t s * Domestic banks Foreign banks 6,732 618 122 + 75 - 1 - l4 - 791 116 135 1,696 465 62 + 97 + 1 +204 + 13 + 13 726 l4 670 8 - 11 - 1 +157 + -2 Borrowings • Other l i a b i l i t i e s Capital account 3 367 1,482 — — — + 28 2 + 66' L I A B I L I T I E S + - 2,613 439 + 7 - ™ + 55 - 1 — + 3 8 3 17 254 . —» + 1 + 1 9 Form FR—284—b ASSETS AND LIABILITIES OF WEEKLY REPORTING MEMBER BANKS EI 101 LEADING CITIES ON OCTOBER 26, 1938 ( i n m i l l i o n s of d o l l a r s ) Total Federal Reserve DiL s t r i c t New P h i l a - Cleve- RichAll St. Minne- Kansas A t l a n t a Chicago Louis d i s t r i c t s Boston York City- Dallas d e l p h i a land mond apolis ASSETS Loans and Investments - t o t a l San Francisco 21,493 1,141 8,735 1,146 1,860 668 585 2,978 686 373 649 525 2,147 8,346 587 3,355 420 657 237 300 832 310 163 249 243 993 3,915 >45 728 265 65 28 1,555 151 578 184 23 18 242 11 25 107 11 3 164 2 6 468 35 43 199 4 6 80 4 2 149 18 5 158 2 3 344 19 11 572 1,165 103 1,518 32 82 2 113 265 222 84 500 33 58 2 102 36 171 2 170 16 32 — 78 93 4 111 13 48 5 35 7 7 63 12 22 1 42 14 20 68 15 29 2 82 46 51 381 1 186 U. S* Gov , 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.Gov't Other s e c u r i t i e s 8,154 1,687 3,306 391 30 133 3,164 861 1,355 346 94 286 826 98 279 325 40 66 157 42 86 l,44o 238 468 215 62 99 157 12 4l 226 49 125 187 4l 54 720 120 314 Reserve with F. R. banks Cash i n v a u l t Balances with domestic banks Other a s s e t s - n e t 7,200 438 2,495 1,242 350 138 143 73 4,024 80 172 527 254 18 175 84 352 4l 272 102 144 19 152 34 102 12 142 4l 1,130 68 438 83 164 12 133 23 75 6 109 17 162 13 283 22 111 11 211 27 332 20 265 209 15,995 5,156 546 1,062 252 10 7,275 1,011 135 785 289 38 1,118 745 29 433 199 21 345 185 35 2,417 880 100 44l 187 18 274 119 2 496 143 21 418 132 31 931 1,014 106 6,196 492 244 15 2,685 44l 313 9 352 1 243 219 1 885 9 276 120 1 370 — 214 1 275 l4 — — —* 21 24l 3 378 1,610 20 362 26 95 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 b r o k e r s 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 o r 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 l o a n s — — L I A B I L I T I E S Demand deposits—adjusted 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 banks Borrowings Other l i a b i l i t i e s C a p i t a l account 3 814 3,666 17 226 6 91 — 22 384 — 5 91 — — 8 56 3 96 — 6 83 — 302 331
@FedFRASER