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Form FR—284- STATEMENT FOR THE PRESS For immediate r e l e a s e Board, of Governors of the Federal. Reserve System • October 9 , 3.939 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 At I n c r e a s e s of $22,000,000 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 , $73,000,000 i n holdi n g s of United S t a t e s Treasury b i l l s and $167,000,000 i n d e p o s i t s c r e d i t e d t o domestic banks, and a decrease of $27,000,000 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 increased $6,000,000 each i n the New York and San Francisco d i s t r i c t s , $5,000,000 i n t h e S t . Louis d i s t r i c t and $22,000,000 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 s e c u r i t i e s i n c r e a s e d $5,000,000. Holdings of Treasury b i l l s i n c r e a s e d $65,000,000 i n New York City and $73,000,000 at a l l r e p o r t i n g member banks. Holdings of Treasury notes decreased $7,000,000. Holdings of United S t a t e s Government bonds decreased $12,000,000 i n New York but aA_L_L l l J.r eC pP UoIr tUi- LnI IgG , member banks showed f o r t h e week*^ HoldIN C v v J - U I IX. City, VJUVJP UUU IU C U I U O X L/CTIIFLO P U V Y I U U no change -*• i n g s of o b l i g a t i o n s guaranteed by the United S t a t e s Government i n c r e a s e d $8,000,000. Holdings of "Other s e c u r i t i e s " decreased $16,000,000 i n New York City and $18,000,000 a t a l l r e p o r t i n g member banks. Demand d e p o s i t s - a d j u s t e d decreased $21,000,000 each i n the Cleveland and Chicago d i s t r i c t s , $ 1 5 , 0 0 0 , 0 0 0 i n t h e Boston d i s t r i c t and $27,000,000 a t a l l r e p o r t ing member banks, and i n c r e a s e d $40,000,000 i n New York City. Time d e p o s i t s i n creased $5,000,000. Deposits c r e d i t e d t o domestic banks i n c r e a s e d $35,000,000 i n New York City, $17,000,000 each i n t h e Cleveland and Chicago d i s t r i c t s , $15,000,000 i n the P h i l a d e l p h i a d i s t r i c t , $14,000,000 each i n the S t . Louis and Kansas City d i s t r i c t s , and $167,000,000 at a l l r e p o r t i n g member banks. Deposits c r e d i t e d to f o r e i g n ban,ks i n c r e a s e d $9,000,000. Borrowings of weekly r e p o r t i n g member banks amounted t o $1,000,000 on October 4, 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 bcaiics, t o g e t h e r with changes f o r t h e week and t h e year ended October 4 , 1939, f o l l o w s : 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 Open market paper Loans to 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 loans Increase or decrease since S e p t . 27, 1939 O Oct. 4, 1939 22,500 + 81 8,375 4,251 318 538 505 1,179 36 1,548 25 22 2 5 5 1 1 1 +1,311 + 135 + 362 33 93 73 + 18 84 + 38 Treasury b i l l s Treasury notes U. S. bonds O b l i g a t i o n s guaranteed by U. S. GovH Other s e c u r i t i e s 2,130 5,881 2,240 + 73) - 7) — ) + 8 3,382 — 18 + + Reserve with F e d e r a l Reserve banks Cash i n v a u l t Balances with domestic banks 9,826 471 3,034 + 32 - 15 + 16 +3,029 + 61 + 655 18,306 - 27 + 5 +2,910 7,834 762 1 +167 + 9 +1,828 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 : Domestic banks Foreign banks Borrowings 492 5,236 540 448 + — + + 561 167 61 38 294 1 Form FR.—284 STATEMENT FOR THE PRESS T Board of Governors of the Federal Reserve System October 5, 1939 or i n n e d i a t e r e l e a s e ASSETS Aim LIABILITIES OF WEEKLY REPORTING MEMBER BANKS IN CENTRAL RESERVE CITI'% ( i n n i l l i o n s of d o l l a r s ) Oct. 4, 1939 New York Citv Increase or decrease since Sept. 27, Oct. 5 , 1939 1938 Oct. 1939 Chicago Increase or decrease s i n c e Sept. 27, Oct. 5, 1939 1938 ASSETS Loans and Inves t u e n t s - t o t a l 8,525 +48 + 769 Loans — t o t a l 2,875 + 4 - 41 555 + 3 + - 209 29 85 379 18 27 — - 24 2 70 40 66 14 C o m e r c i a l , i n d u s t r i a l and a g r i c u l t u r a l loans 1,655 Open narlzet paper 117 Loans t o brokers and d e a l e r s 412 Other loans f o r purchasing or carrying s e c u r i t i e s 173 -'eal e s t a t e loans 117 Loans t o banks 26 Other loans 375 — + 6 - 4 —— + - l 2 Treasury b i l l s Treasury n o t e s U. S. bonds Obligations guaranteed by U.S. Gov»t Other s e c u r i t i e s 320 786 2,174 + 65) - l) - 12) + 1,128 1,242 + 8 - 16 + + Reserve with F. R. banks Cash i n v a u l t Balances vzith d o n e s t i c banlcs Other a s s e t s — n e t 5,651 78 74 373 3 - 1 192 + 39 + 40 2 3 — 2 «— 1 — - + 1 3 + 2 + 121 + + 30 2 + 235 6 30 3 «— ' 51 + 1 121 249 669 — 322 118 157 322 4- 1 + 11 - 2 + 1 + 12 +2,06l + 19 + 3 — 80 1,093 40 241 48 1,776 498 63 370 + 3) - ) — — + 1) 2 1 9 + + 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 Tine d e p o s i t s U. 8. Gov't d e p o s i t s Inter—bank d e p o s i t s I Donestic banlcs Foreign banks 8,210 654 49 + 40 + 7 + 1 +1,744 + 28 - 108 3,389 675 + 35 + 3 + + 897 261 862 14 Borrowings Other l i a b i l i t i e s CAPITAL ACCOUNTS 248 1,475 - 18 + 2 - 45 5 14 268 6 + + — + 195 35 1 + 10 4- 1 + + 211 5 1 2 + 2 15 + As-^ Thursday, October 12, w i l l be observed as a holiday i n New York City and Chicago, t h e statement f o r next week w i l l be i s s u e d on F r i d a y , October 13, Form FR-284-b ASSETS AND LIABILITIES OF WEEKLY REPORT IBB MEMBER BANKS IN 101 LEADING CITIES ON OCTOBER 4 , 1939 Total New All Boston districts York 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 agricultural loans 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 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 loans Federal Reserve Distri LCt S t . Minne- Kansas P h i l a - Cleve- Rich- Atlanta Chicago Dallas Louis a p o l i s City d e l p h i a land mond San Francisco 22,500 1,180 9,385 1,148 1,883 699 593 3,140 683 401 651 527 2,210 8,375 596 3,241 418 683 253 293 871 327 184 280 267 962 4,251 318 538 282 64 22 1,776 123 416 195 25 18 260 6 22 112 12 3 157 3 5 511 35 30 195 7 5 96 3 1 170 18 3 176 2 3 321 20 10 505 1,179 36 1,548 21 81 1 125 231 205 26 464 31 55 1 93 25 172 3 195 15 38 1 72 11 31 1 85 76 106 14 51 3 52 8 9 10 25 14 22 49 384 ~ ——- — 67 Treasury b i l l s Treasury notes U. S. bonds O b l i g a t i o n s guaranteed by U» S. Gov*t Other s e c u r i t i e s 492 2,130 5,881 2,240 3,382 3 60 345 45 131 321 848 2,353 1,214 1,408 — 38 326 92 274 9 216 581 111 283 199 128 52 67 7 37 98 62 96 113 123 435 940 291 480 33 113 27 44 54 8 82 95 53 133 50 18 48 82 55 57 Reserve with F. R. bank Cash i n v a u l t Balances v&th domestic banks Other a s s e t s — n e t 9,826 471 3,034 1,233 481 142 156 79 5,789 97 196 457 395 18 220 99 492 44 334 102 180 20 190 38 130 13 209 47 1,368 72 537 81 209 11 I83 22 96 7 113 16 191 15 33 4 22 130 lo 269 30 3 65 22 293 240 18,306 5,236 540 1,167 238 15 8,818 1,033 68 897 281 53 1,265 729 42 476 200 28 383 188 40 2,567 935 111 464 190 20 • 292 119 3 512 144 23 451 136 30 1,014 1,043 107 7,834 762 324 30 3,477 677 401 13 430 2 294 1 277 1 1,146 15 333 1 153 1 430 259 310 21 1 669 3,716 1 19 244 253 1,598 13 222 14 373 31 97 11 92 18 406 6 94 7 58 3 101 3 49 140 65 99 — 178 — 85 680 173 310 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 d e p o s i t s i Domestic banks Foreign banks Borrowings Other l i a b i l i t i e s CAPITAL ACCOUNTS — 4 86 290 345
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