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STATEMENT FOR THE PRESS Form FR—284 For 1; .,'iedlate r e l e a s e Board of Governors of the Federal Reserve System September 12, 1938 Condition of Weekly Reporting Member Banks i n 101 Leading C i t i e s The condition statement of weekly reporting member banks i n 101 leading c i t i e s shows the following p r i n c i p a l changes f o r the week ended September 7$ Decreases of $20,000,000 i n loans t o brokers and dealers i n s e c u r i t i e s and $121,000,000 i n demand d e p o s i t s - a d j u s t e d , and increases of $71,000,000 i n reserve balances with Federal Reserve banks and $147,000,000 i n deposits credited t o domestic banks# 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 declined $13,000,000 i n New York City, but increased somewhat i n most of the d i s t r i c t s , a l l reporting member banks showing a net increase of $2,000,000 f o r the week. Loans t o brokers and dealers i n s e c u r i t i e s declined $17,000,000 i n New York City and $20,000,000 at a l l r e p o r t ing member banks. Holdings of United States Government d i r e c t obligations declined $7,000,000 i n New York City, and increased $8,000,000 i n the Chicago d i s t r i c t and $3,000,000 at a l l reporting member banks* Holdings of obligations f u l l y guaranteed by t h e United S t a t e s Government showed no net change for the week. Holdings of "Other s e c u r i t i e s " increased $7,000,000. Demand deposits—adjusted increased $13,000,000 i n the Boston d i s t r i c t and declined i n most of the other d i s t r i c t s , the p r i n c i p a l decreases being $65,000,000 i n New York City, $32,000,000 i n the Chicago d i s t r i c t , $18,000,000 i n the San Francisco d i s t r i c t and $3.4,000,000 i n the Cleveland d i s t r i c t , and the net decline being $121,000,000. Time deposits increased $7,000,000. Government deposits declined $4,000,000. Deposits c r e d i t e d t o domestic banks increased i n nearly a l l d i s t r i c t s , the p r i n c i p a l increases being $35,000,000 i n New York City, $19,000,000 i n t h e Chicago d i s t r i c t , $16,000,000 i n the Richmond d i s t r i c t , $15,000,000 i n the Kansas City d i s t r i c t and $12,000,000 each i n the Cleveland and Dallas d i s t r i c t s , and t h e aggregate increase being $1-47,000,000. Deposits credited to f o r e i g n banks increased $28,000,000 i n New York City. Weekly reporting member banks reported no borrowings on September 7# A summary of the 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 reporting member banks, together with changes f o r the week and the year ended September 7, 1938, follows1 'In millions of d o l l a r s ) _L Increase or decrease since Sept. 8, Aug. 31, 1937 1938 ASSETS —1^473 -19 20,842 Loans and Investments - t o t a l Loans — t o t a l 8,24-1 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 3,888 Open market paper 333 Loans t o brokers and dealers i n s e c u r i t i e s 670 Other loans f o r purchasing or carrying s e c u r i t i e s 578 Real e s t a t e loans 1,159 Loans to banks 108 Other loans 1,505 -29 +2 -6 -20 -1* —T* -1* -2 -1,800 -800 -131 -693 —116 -4 -33 -23 U. S. Government d i r e c 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 7,792 1,655 3,154 — +7 -398 +523 +202 Reserve with Federal Reserve banks Cash i n v a u l t Balances with domestic banks 6,756 401 2,467 +71 +15 +10 +1,594 +94 +848 15,267 5,217 A07 -121 +7 -4 +456 -72 -201 +3 L I A B I L I T I E S Demand deposits—adjusted Tine deposits U, S, Government deposits Inter—bank deposits* Domestic banks Foreign banks Borrowings +1,189 -219 -23 *Aug, 31 f i g u r e s revised. (New York d i s t r i c t ) 6,105 364 +147 +29 Form FRr28/r-a STATEMENT FOR THE PRESS J • d of Governors of the Federal Reserve System September 8 , 1938 For immediate r e l e a s e ASSETS AND LIABILITIES OF WEEKLY REPORTING MEMBER. BANKS IN CENTRAL RESERVE CITIES (In millions of d o l l a r s ) i i G| i Chicago Lty 19 3 8 19 3 7 19 3 8 19 3 7 Sept, 7 Aug, 31 Sept, 8 Sept. 7 Aug* 31 Sept, 8 ASSETS Loans and Investments — t o t a l 7,710 7,751 8,370 1,853 1,846 2,018 Loans — t o t a l 2,973 3,007 4,083 521 524 723 1,466 135 544 1,479 136 561 1,852 164 1,146 344 19 27 343 19 30 483 31 52 196 118 84 430 197 118 84 432 259 134 105 423 67 12 67 12 52 53 80 14 2 61 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, 0ov*t Other s e c u r i t i e s 2,862 2,869 2,932 884 876 925 792 1,083 79 5 1,080 397 958 127 321 127 319 100 270 Reserve with F, R, bank Cash i n v a u l t Balances with domestic banks Other a s s e t s - net 3,463 55 69 483 3,425 52 70 488 2,360 53 68 463 883 35 214 53 895 33 224 53 570 24 122 63 6,381 659 100 6,446 657 100 5,999 730 346 1,572 468 37 1,598 463 42 1,514 .. 453 57 2,535 320 2,500 292 1,822 536 686 7 672 8 305 1,486 20 381 1,480 16 252 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 brokers and dealers 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 t o banks Other loans L I A B I L I T I E S Demand deposits - adjusted . Time deposits U, 8* Gov't deposits Inter-bank deposits 1 Domestic banks Foreign banks Borrowings Other l i a b i l i t i e s Capital account 302 1,483 : 505 7 • - w w. 16 252 - 17 244 Form FR—284-b ASSETS AND LIABILITIES OF WEEKLY REPORTING MEMBER BANKS IN 101 LEADING CITIES ON SEPTEMBER 7, 1938 (in millions of d o l l a r s ) District Reserve Federal Total S t . Minne- Kansas Dallas New P h i l a - Cleve- Rich- Atlanta Chicago All Boston Cityapolis Louis mond delphia land York districts ASSETS Loans and Investments - t o t a l San Francisco 1,786 611 554 2,877 654 360 624 497 2,119 3,362 417 655 229 280 826 284 158 243 229 981 268 62 22 1,578 145 549 190 20 16 248 11 21 100 10 3 152 3 5 470 33 31 174 5 5 76 4 1 148 17 4 145 1 3 339 22 10 578 1,159 108 1,505 31 82 3 109 265 221 85 519 34 58 1 98 36 171 2 166 17 31 1 67 15 28 12 22 1 39 14 21 1 44 55 378 2 175 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 7,792 1,655 3,154 358 30 134 3,086 843 1,241 336 94 282 764 91 276 284 35 63 l46 42 86 1,360 230 A6l 13 48 6 33 212 59 99 8 6 74 78 93 3 118 40 207 49 125 173 42 53 717 127 294 Reserve •with F. R. banks Cash i n vault Balance with domestic banks Other a s s e t s - net 6,756 401 2,467 1,273 371 124 139 74 3,600 71 159 560 228 16 159 83 380 37 273 106 158 18 154 35 98 12 l4l 40 161 10 132 23 81 6 125 16 172 12 295 22 101 11 214 26 322 20 245 203 15,267 5,217 407 1,031 257 8 6,909 1,054 108 748 293 20 1,081 746 18 4l8 198 13 337 187 23 2,282 878 65 412 186 15 264 119 2 492 l44 18 4oi 133 25 892 1,022 92 6,105 364 238 2,605 322 305 6 356 1 232 201 1 908 8 271 139 1 373 203 274 13 715 3,664 20 241 16 227 18 362 21 94 6 90 20 380 6 90 7 56 3 95 4 83 281 335 1,099 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 brokers and dealers i n 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 t o banks Other loans 8,241 577 3,888 333 670 0 H 8,532 1,129 20,842 63 149 L I A B I L I T I E S Demand deposits—adjusted Time deposits U.S. Gov't deposits Inter-bank deposits I 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 12 313 1,611
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