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STATEMENT FOE THE PRESS Board of Governors of the Federal Reserve System September 23, 1935• For immediate r e l e a s e CONDITION OF WEEKLY REPORTING MEMBER BAMS IN LEADING CITIES The condition statement of weekly r e p o r t i n g member banks i n 91 leading c i t i e s on September 18, issued by the Board of Governors of the Federal Reserve System, shows increases f o r the weelc of $372*000,000 in 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 , $32,000,000 in other investments, $111,000,000 i n net demand deposits ( i n c l u d i n g Government d e p o s i t s ) and $22,000,000 i n time d e p o s i t s , and a decrease of $216,000,000 i n reserve balances with Federal Reserve banks. Loans on s e c u r i t i e s to brokers and d e a l e r s i n New York declined $35»000,000 a t reporting member banks i n the New York d i s t r i c t and $3^,000,000 a t a l l r e p o r t i n g member banks, and o t h e r loans on s e c u r i t i e s showed l i t t l e change f o r the week. Holdings of acceptances and commercial paper bought increased $5,000,000; r e a l e s t a t e loans increased $3,000,000; and "Other loans" increased $29,000,000 i n the New York d i s t r i c t and $35,000,000 a t a l l r e p o r t i n g member banks, and declined $6,000,000 in the Cleveland d i s t r i c t . Holdings of United S t a t e s Government o b l i g a t i o n s , following the Treasury f i s c a l operations on September 15, increased s u b s t a n t i a l l y i n most of the d i s t r i c t s , the aggregate increase being $372,000,000, Holdings of o b l i g a t i o n s f u l l y guaranteed by the United S t a t e s government increased $3,000,000, Holdings of other s e c u r i t i e s increased $15,000,000 i n the New York d i s t r i c t , $10,000,000 i n the P h i l a d e l p h i a d i s t r i c t , $6,000,000 in the Cleveland d i s t r i c t and $29,000,000 a t a l l r e p o r t i n g member banks. Licensed member banks formerly included i n the condition statement of member banks,in 101 leading c i t i e s , but not now included i n the weekly statement, had t o t a l loans and investments of $1,590,000,000 and net demand and time deposits of $1,418,000,000 on September 18, compared with $1,263,000,000 and $1,39^,000,000, r e s p e c t i v e l y , on September 11. 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 the r e p o r t i n g member banks, i n 91 leading c i t i e s , t h a t a r e now included i n the statement, together with changes f o r the week and the year ended September 18, follows: ( I n m i l l i o n s of d o l l a r s ) Sept . 18, 1935 Loans and investments - t o t a l 19,# Increase or decrease since S e c t . 11.1935 S e n t . 19.1934 •*09. +1,328 Loans on s e c u r i t i e s - t o t a l To brokers and d e a l e r s : In New York Outside New York To o t h e r s 2,952 -38 ' -143 842 153 1,957 -36 -3 +147 Acceptances and commercial paper bought Loans on r e a l e s t a t e Other loans 306 95% 3.253 +5 t3 +35 -151 -31 -9 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,.Govt. Other s e c u r i t i e s 7,660 988 2,971 +372 +1,029 Reserve with F . R. banks Cash in v a u l t 3,947 307 -216 -10 +1,056 +54 16,222 4,4os 677 1,96s 4,816 +111 +22 +187 +10 +12 +3,279 -76 -4l4 +454 +1,037 Net demand deposits* Time deposits Government deposits Due from banks Due to banks Borrowings from F . R. banks +3 •+29) % •A -294 +633 — ""** *"7 •Figures subsequent to Aug. 23,1935» include Government d e p o s i t s , (B-804) For immediate r e l e a s e Board of Governors of the Federal Reserve System September 19, 1935 CONDITION OF WEEKLY REPORTING MEMBER BAIKS I I CENTRAL RESERVE CITIES ( i n m i l l i o n s of d o l l a r s ) S e p t , 18 1935 S e p t . 11 -1225 Sept. 19 iqi4 Loans and investments - t o t a l 7,852 ,7,656 7,065 Loans on s e c u r i t i e s - t o t a l To brokers and d e a l e r s : In New York Outside New York To 0 t h e r s 1,591 1.621 1,419 Acceptances and commercial paper bought Loans on r e a l e s t a t e Other loans 131 123 1,232 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.Govt. Other s e c u r i t i e s NEW YORK 817 55 719 84 5 718 % 814 1,202 248 137 1,223 3,326 372 1,077 3,1'tg. 372) 2,826 1,212 Reserve with F . R. bank Cash.in v a u l t 2,118 2,2^4 1,348 37 N^t demand d e p o s i t s * Time d e p o s i t s Government d e p o s i t s 8,192 8,186 592 231 6,16s 659 599 Due from banks Due to banks 96 2,175 93 2,179 59 1,575 1,799 1,768 1.499 47 589 297 129 123 l,06l) Borrowings from F . R. bank CHICAGO Loans and investments - t o t a l Loans on s e c u r i t i e s - t o t a l To brokers and d e a l e r s : In New York Outside New York To o t h e r s 192 121 237 ,8 1 28 162 22 24 191 Acceptances and commercial paper bought Loans' on r e a l e s t a t e Other ( loans 21 15 233 21 15 232 49 21 24s 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.Govt. Other s e c u r i t i e s 967 94 277 938 644 M 300 Reserve with F . R. bank Cash I n v a u l t 486 36 482 36 470 36 1,749 1+05 65 1,739 390 28 1,458 361 32 215 528 217 531 157 423 Net demand d e p o s i t s * Time d e p o s i t s Government d e p o s i t s Due/from banks Dtife t o banks Borrowings from F . R. bank •Bigures subsequent to Aug. 23, 1935, include" Government deposits, (B~S04a) For immediate r e l e a s e PRINCIPAL ASSETS AND LIABILITIES OF WEEKLY REPORTING MEMBER BASKS IN LEADING- CITIES, BY DISTRICTS, ON SEPTEMBER 18, 1935 B-804b ( i n m i l l i o n s of d o l l a r s ) Total Loans and investments - t o t a l Boston New York Federal P h i l a - Cleved e l p h i a land Rich-mond Reserve A t l a n t a Chicago St. Louis District Minn- Kansas e a p o l i s City Dallas San Francisco 19,084 l,l6l 8,712 1.097 1,264 355 346 2.215 563 355 606 428 1.982 46 41 170 Loans on s e c u r i t i e s - t o t a l To "brokers and d e a l e r s : In New York Outside New York To o t h e r s 2,952 184 1,757 178 166 50 4i 226 60 33 842 153 1.957 5 5 820 57 880 13 12 153 2 6 158 1 49 4 37 1 31 194 ~4 56 1 32 42 1 4o 8 162 Acceptances and commercial paper bought Loans on r e a l e s t a t e Other loans 306 95% 3*253 4o 87 279 134 238 1.369 21 69 173 4 7 7 5 122 S 122 2 24 112 23 ll 30 30 307 10 lii 3 12 164 $ U.S.Govt, d i r e c t o b l i g a t i o n s 7.660 O b l i g a t i o n s f u l l y guaranteed by U.S.Govt, 988 Other s e c u r i t i e s 2,971 388 282 89 285 g 110 23 53 1,185 109 328 % 93 127 18 43 % 162 18 3.551 403 1,260 119 ii 64i ' 125 330 % 2,206 59 178 14 178 21 74 12 43 7 93 10 54 5 96 11 63 9 192 17 861 Reserve with P . R. banks Cash i n v a u l t Net demand d e p o s i t s * Time d e p o s i t s Government d e p o s i t s Due from banks Due to banks 3,947 307 % 194 115 16,222 4,408 677 1,012 311 32 8,666 993 323 857 284 36 804 470 37 248 138 7 226 133 21 2,037 555 77 169 15 249 124 8 506 156 12 319 122 25 % 1,96s 4,816 113 219 183 2,241 l6l 273 158 209 1% 97 ill 304 637 107 201 106 99 264 329 150 142 228 239 Borrowings from P . R. bank J l •Includes Government d e p o s i t s .
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