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Form FR—28-4 STATEMENT FOR THE PRESS For immediate release Board of Governors of the Federal Reserve System September 11, 1939 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 6j Increases of $79)000,000 in commercial, industrial and agricultural loans and $32,000,000 in loans to brokers and dealers in securities; decreases of $67,000,000 in holdings of obligations guaranteed by the United States Government and $34,000,000 in holdings of United States Treasury billsJ increases of $121,000,000 in reserve balances with Federal Reserve banks and $179,000,000 in deposits credited to domestic banks, and a decrease of $56,000,000 in demand deposits-adjusted. Commercial, industrial and agricultural loans increased in nearly all districts, the principal increases being $28,000,000 in New York City and $15>000,000 in the Chicago district, and the total increase being $79,000,000 at all reporting member banks. Loans to brokers and dealers in securities increased $32,000,000 in New York City and at all reporting member banks. Holdings of United States Treasury bills decreased $27,000,000 in the Chicago district and $34,000,000 at all reporting member banks. Holdings of Treasury notes decreased $6,000,000 and holdings of United States Government bonds decreased $13,000,000 at all reporting member banks. Holdings of obligations guaranteed by the United States Government decreased $54,000,000 in New York City and $67,000,000 at all reporting member banks. Holdings of "Other securities" decreased $12,000,000 in New York City, $9,000,000 in the San Francisco district and $29,000,000 at all reporting member banks. Demand deposits—adjusted decreased $44,000,000 in New York City, $19,000,000 in the Chicago district and $56,000,000 at all reporting member banks. Time deposits decreased $12,000,000 at all reporting member banks. Deposits credited to domestic banks increased in all districts, the principal increases being $67,000,000 in New York City, $16,000,000 each in the Richmond and Chicago districts, and $15$000,000 in the Kansas City district, and the total increase being $179,000,000 at all reporting member banks. Deposits credited to foreign banks increased $25,000,000 in New York City and $29,000,000 at all reporting member banks. Borrowings of weekly reporting member banks amounted to $1,000,000 on September 6, A summary of the principal assets and liabilities of reporting member banks, together with changes for the week and the year ended September 6, 1939, followsi (In millions of dollars) Increase or decrease since_ Aug. 30, Sept, 7, 1938 ASSETS +1,547 Loans and Investments - total 22,389 53 + 64 96 Loans' - total 8,305 + 187 79 Commercial, industrial, and agricultural loans 4,075 19 Open market paper 314 3 30 Loans to brokers and dealers in securities 640 32 66 7 Other loans for purchasing or carrying securities 512 + 15 Real estate loans 1,174 62 Loans to banks 46 - 3 2 + 39 Other loans 1,544 Treasury bills Treasury notes U. S. bonds Obligations guaranteed by U. S. Gov't Other securities Reserve with Federal Reserve banks Cash in vault Balances with domestic banks L I A B I L I T I E S Demand deposits-adjusted Time deposits U. S. Government deposits Inter-bank deposits* Domestic banks Foreign banks Borrowings 468 2,154 5,890 2,219 3>353 9,368 463 2,813 - 34) :«i - 67 - 29 +121 - 2 + 24 — 56 + 720 + + 564 199 +2,612 + + 62 346 18,040 5,235 540 - 12 +2,773 + 18 + 133 7,346 712 1 +179 + 29 - 3 +1,241 + 348 + 1 Form FR-284 STATEMENT FOR THE PRESS Board of Governors of the Federal Reserve System Septenber 7, 1939 For immediate release ASSETS AND LIABILITIES OF WEEKLY REPORTING MEMBER BANKS III CENTRAL RESERVE CITIES (in millions of dollars) Chicago N<;w York City Increase or Increase or Sept. decrease since Sept. decrease since Aug. 30, Sept. 7, Aug. 30, Sept. 7, 6, 6, 1938 1939 1939 1938 1939 1939 ASSETS 1 - Loans - total 2,892 + 36 - 81 557 + 18 1,573 .115 499 + 28 - 5 + 32 + 107 20 45 364 19 37 + 11 20 68 14 3 52 Commercial, industrial, and agricultural loans Open market paper Loans to brokers and dealers Other loans for purchasing 03 carrying securities Real estate loans Loans to banks Other loans to 8,341 t Loans and Investments-total 176 118 33 378 - 7 ~ - 6 6 5) 9) 6) — Treasury bills Treasury notes U. S. bonds Obligations guaranteed by U. S. Gov't Other securities 189 816 2,142 + 1,093 1,209 Reserve witth F. R, banks Cash in vault Balances with domestic banks Other assets - net + 631 - — mm — 51 52 2,160 + 307 + 36 20 — + 2 — + + 3 2 + 10 + •f 1 2 3 + 240 + 28 3 + 285 215 245 664 - 2.6) + 8) — 5A + + 301 126 155 324 + - 1 2 5,547 77 72 372 4- A8 + 6 +2,084 + 22 + 3 111 929 39 219 50 + 2 + + 6 1 8,151 646 49 — AA +1,770 ' 1,724 496 13 — 63 51 - 5 + . 152 + 28 + 26 3,179 638 + 67 + 25 + 644 + 318 819 14 + 11 + 1 133 7 267 1,479 — 36 — 2 35 4 14 267 + - 12. — - 6 — ) + 4- 46 4 5 3 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 ACCOUNTS ~ + 1 1 - — —* 1 + 2 15 Form FR—284^-b ASSETS AND LIABILITIES OF WEEKLY REPORTING MEMBER BMIKS III 101 LEADING CITIES CN SEPTEMBER 6, 1939 ( " T * ^ Total Hew All Boston York districts ASSETS Loans and Investments — total 1 *1 M A •vx M rs •£* ^3/\1 1 A V » PI ^ District Reserve Federal San Phila- Cleve- Rich- Atlanta Chicago St. Minne- Kansas Dallas Francisco Louis apolis City delphia land nond 22,389 1,175 9,188 1,156 1,923 678 582 3,248 686 391 663 508 2,191 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 8,305 590 3,248 4l4 684 245 285 872 313 172 281 257 944 •4,075 314 640 276 1,683 62 123 503 23 189 26 18 256 7 22 107 11 3 152 3 6 494 35 41 184 5 5 88 3 1 169 19 4 170 2 3 307 18 11 512 1,174 46 1,544 22 81 1 125 235 205 33 466 31 55 1 94 26 172 3 198 15 37 78 105 3 116 14 51 3 51 7 8 49 383 65 10 25 1 53 14 21 72 11 31 1 81 47 176 Treasury bills Treasury notes U. S. bonds Obligations guaranteed by U, S. Gov't Other securities 468 2,154 5,890 2,219 3,353 62 339 52 132 189 868 2,326 1,185 1,372 38 327 97 280 20 221 600 111 287 188 129 51 65 9 34 100 62 92 217 430 956 290 483 2 49 154 67 101 34 114 27 44 6 84 102 55 135 22 52 76 46 55 3 94 667 176 307 Reserve with F. R. bank Cash in vault Balances with domestic banks Other assets - 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 9,368 463 2,813 1,242 418 5,703 96 141 174 151 450 79 363 18 185 100 452 42 289 104 185 21 181 39 132 12 196 48 1,159 69 507 83 182 11 170 23 95 6 119 17 188 14 313 23 132 11 258 30 359 22 270 246 18,040 5,235 540 1,126 8,742 243 1,025 16 67 879 282 53 1,245 736 42 467 200 28 378 189 40 2,499 931 111 457 190 21 292 119 3 514 144 23 452 135 30 989 1,041 106 7,346 712 296 3,263 640 19 358 13 398 1 282 1 259 1 1,088 15 304 148 1 4l6 232 302 21 1 675 3,726 1 272 19 244 1,602 13 224 16 372 29 97 10 93 17 405 6 94 7 58 3 101 4 86 279 350 Borrowings Other liabilities CAPITAL ACCOUNTS
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