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Form FR-284 For Immediate release STATEMENT FOR THE PRESS Board of Governors of the Federal Reserve System October 4, 1937 Condition of Weekly Reporting Member Banks In 101 Leading Cities The condition statement of weekly reporting member hanks i n 101 leading c i t i e s shows the following principal changes for the week ended September 29: An increase of $32,000,000 i n commercial, industrial and agricultural loans, and a decrease of $49,000,000 In loans to "brokers and dealers i n s e c u r i t i e s ; a decrease of $27,010,000 i n holdings of United St; tes Government direct obligations and an Increase of $18,000,000 i n holdings of "Other securities";an increase of $76,000,000 in demand deposits-adjusted; and an increase of $48,000,000 i n reserve "balances with Federal Reserve hanks. Commercial, industrial and agricultural loans increased $18,000,000 at reporting .,iember hanks i n New York City and $32,000,000 at a l l reporting member hanks. Loans to brokers and dealers i n s e c u r i t i e s declined $44,0^0,000 in New York City and $49,000,000 at a l l reporting member "banks. Other loans f o r purchasing or carrying s e c u r i t i e s Increased $3,000,000. Holdings of United States Government direct obligation# declined $13,000,000 in the Cleveland d i s t r i c t and $27,000,000 at a l l reporting member bancs. Holdings of obligations f u l l y guaranteed by the United States Government declined $5,0-0,000. Holdings of "Other securities" increased $22,000,000 In New York City and $18,000,000 at a l l reporting member banks. Demand deposits-adjusted increased $120,000,000 at reporting member banks i n New York City, and declined $30,000,000 at other reporting hanks in the New York d i s t r i c t and $14,000,000 i n the Kansas City d i s t r i c t , a l l reporting member banks showing a net increase of $76,000,010 for the week. Government deposits increased $9.000,000 in the San Francisco d i s t r i c t and $14,0 0,000 at a l l reporting member banks. Deposits credited to domestic banks' declined $15,000,000 in New York City, $10,000,000 in the Chicago d i s t r i c t , $7,000,000 i n the Boston d i s t r i c t and $47,000,000 at a l l reporting member banks. Borrowings of weekly reporting member banks amounted to $4,000,000 on September 29, a decrease of $2,000,000 f o r the week. A summary of the principal a s s e t s and l i a b i l i t i e s of the reporting member banks, together with changes for the week and the year ended September 29, 1937, follows: (In millions of dollars) Increase or decrease since Sept. 22, Sept. 30, 1936 ASSETS -656 Loans and Investments - t o t a l 22,026 -20 +1,251 Loans - total 10,004 -6 Commercial,industrial, and agricultural loans: On s e c u r i t i e s 601 +7 *: Otherwise secured and unsecured 4,209 +25 # Open market paper 472 +2 +33 Loans to brokers and dealers i n s e c u r i t i e s 1,227 -49 * Other loans for purchasing or carrying s e c u r i t i e s 682 +8 +26 Real estate loans 1,165 -15 Loans to banks 97 -5 * Other loans: On s e c u r i t i e s 732 +5 * Otherwise secured and unsecured 819 +1 -1,433 U. S. Government direct obligations 7,903 -27 -125 Obligations f u l l y guaranteed by U. S. Govt. 1,131 -5 Other s e c u r i t i e s 2,988 +18 -349 +465 Reserve with Federal Reserve batiks 5,488 +48 Cash in vault 323 +9 Balances with domestic banks 1,737 -9 L I A B I L I T I E S -252 Demand deposi t s - s d j u s t e d l4,864 +76 +230 Time deposits 5,293 +2 -203 U. S, Government deposits 6w +14 -921 Inter-bank deposits: Domestic banks 4,998 -4? Foreign banks 569 -4 *3 Borrowings 4 -2 •Comparable figures not available, Form FR-284-a STATEMENT FOR THE PRESS Board of Governors of t h e Federal Reserve System September 30, 1937 For immediate r e l e a s e ASSETS AND LIABILITIES OF WEEKLY REPORTING MEMBER BANKS IS CENTRAL RESERVE CITIES (In millions of d o l l a r s ) Chicago New York City |1 9 3 6 19 3 7 19 3 6 19 3 7 Sept. 29 Sept. 22 Sept. 30 Sept. 29 Sept. 22 I Sept.30 ASSETS Loans and Investments - t o t a l 8,166 8,165 8,803 1,995 1,996 2,101 Loans - t o t a l 3,981 4,000 3,423 731 730 602 * 35 460 31 48 33 462 31 48 81 14 2 79 14 2: * 23 37 23 38 * * Commercial,industrial and a g r i c u l t u r a l loans 1 On s e c u r i t i e s 239 Otherwise secured & unsecured 1,662 176 Open market paper 1,030 Loans to brokers and dealers Other loans f o r purchasing or carrying s e c u r i t i e s 249 Real e s t a t e loans 134 Loans to banks 64 Other loansI On s e c u r i t i e s 234 Otherwise secured & unsecured 193 239 1,644 169 1,074 . -* * 1,008 243 135 68 * 233 195 * * 130 82 * •* * 47 15 5 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 2,786 2,785 3,784 909 910 1,113 388 1,011 391 989 467 1,129 100 255 100 256 92 294 Reserve with F. R. bank Cash i n vault Balances with domestic banks Other a s s e t s — net 2,746 59 66 454 2,644 55 64 459 2,354 52 76 499 575 25 132 61 583 24 134 60 634 33 255 70 L I A B I L I T I E S Demand deposits — adjusted Time deposits U. S. Gov't deposits Inter-bank deposits t Domestic banks Fbreign banks 6,085 737 352 5,965 730 352 6,320 598 193 1,496 453 62 1,495 453 61 1,670 446 101 1,920 523 1,935 528 2,431 448 508 7 519 7 614 5 Borrowings Other l i a b i l i t i e s Capital account 1,473 4oi 403 1,474 366 1,428 17 2.45 18 244 22 235 ^Comparable f i g u r e s not a v a i l a b l e . Form FE-2g4-b ASSETS AND LIABILITIES OF WEEKLY REPORTING MEMBER BANKS III 101 LEADING- CITIES ON SEPTEMBER 29» 1937 Total 113 Districts) 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 & unsecured Open market paper Loans to "brokers and dealers in 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 to tanks Other loans: On s e c u r i t i e s Otherwise secured and unsecured U. S. Gov't obligations Obligations f u l l y guaranteed by U.S.Govt. Other s e c u r i t i e s Reserve with F. R. bank Cash in vault Balances with domestic banks Other a s s e t s - net 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 l i a b i l i t i e s Capital account Boston Mew | Phila- I Clove- RichYork kelphiai land Federal Reserve D i s t r i c t MinnoAtlanta} Chicago! S t * apolia 71% 287 511 245 2,134 1,045 10 85 7 1 19 160 26 4 13 143 4 3 39 338 35 21 12 46 8 10 6 14 20 1 15 21 — 368 1 11 27 9 55 166 12 44 17 15 28 258 48 121 167 13 181 23 10 36 188 28 50 ll4 11 154 29 79 107 678 124 287 329 22 190 209 867 84 393 183 8 270 122 2 486 147 13 390 127 19 1,008 708 228 115 1 1 357 194 1 9,048 1,165 479 4,437 ,888 7?0 595 249 543 268 3,068 257 1,790 137 l,04l 44 17s 25 24 44 251 18 22 15 96 13 4 11 125 4 8 54 6o4 54 55 56 142 12 6 37 84 4 328 65 38 60 3 40 177 3 19 29 2 15 27 5 97 85 5 732 819 7.903 1,131 2,988 5.488 323 1,737 1,285 65 59 425 22 137 23S 35 88 79 267 260 2,958 433 1,150 2,361 76 142 536 49 58 317 97 272 222 18 127 89 122 43 844 61 263 326 41 159 106 31 40 243 38 65 130 19 158 4o 2% 46 167 33 75 105 11 111 4l 3 14,864 5.293 644 945 277 37 6,621 1,14s 363 286 18 ,068 743 16 418 198 11 330 187 17 4,998 56g 201 12 1,925 525 327 1 197 180 1 876 3,611 25 237 22,026 10,004 1,294 710 631 4,209 472 1,227 39 297 87 38 682 1,165 97 4l4 1.607 258 4 1 24 228 18 347 — 26 92 8 88 San Kansas Dallas Francisco City 1,061 1,422 189 396 784 60 279 93 2,228 8 1 22 366 *46 98 133 11 81 23 8 89 1 67 56 —-- " 3 92 8 80 V 913 56 248 16 1 313 329
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