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Form FR-284 STATEMENT FOR THE PRESS For immediate release Board of Governors of the Federal Reserve System September 5, 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 August 30* A decrease of $31,000,000 in loans to brokers and dealers in securities, and increases of $58,000,000 in commercial, industrial and agricultural loans, $131,000,000 in reserve balances with Federal Reserve banks, and $261,000,000 in demand deposits—adjusted. Commercial, industrial and agricultural loans increased $4-9,000,000 in New York City and $58,000,000 at all reporting member banks. Loans to brokers and dealers in securities declined $22,000,000 in New York City and $31,000,000 at all reporting member banks. Holdings of United States Treasury bills increased $25,000,000 in the Chicago district and $8,000,000 at all reporting member banks, and declined $14,000,000 in New York City, Holdings of Treasury notes increased $11,000,000 in the Richmond district, $6,000,000 in Hew York City, and $22,000,000 at all reporting member banks. Holdings of United States Government bonds declined $24,000,000 in New York City, and increased $10,000,000 in the San Francisco district and $2,000,000 at all reporting member banks. Holdings of obligations guaranteed by the United States Government increased $6,000,000 in New York City and $12,000,000 at all reporting member banks. Holdings of "Other securities" increased $35,000,000 in New York City and $27,000,000 at all reporting member banks, and declined $11,000,000 in the San Francisco district. Demand deposits-adjusted increased $244,000,000 in New York City, $13,000,000 in the Chicago district, $11,000,000 in the Cleveland district, and $261,000,000 at all reporting member banks. Deporits credited to domestic banks declined $12,000,000 at all reporting member banks. Deposits credited to foreign banks increased $22,000,000 in New York City and $14,000,000 at all reporting member banks. Borrowings of weekly reporting member banks amounted to $4,000,000 on August 30. A summary of the principal assets and liabilities of reporting member banks, together with changes for the week and the year ended August 30, 1939, follows I (in millions of dollars) Increase or decrease Aug. since Aug. 23, Aug. 31, 30, 1939 1939 1938 ASSETS Loans and Investments - total +102 +1,581 22,442 loans - total 61 8,209 + 31 + 110 Commercial, industrial, and agricultural loans 4- 58 3,996 Open market paper + 5 22 317 82 60 8 Loans to brokers and dealers in securities - 31 60 + 1 Other loans for purchasing or carrying securities 519 Real estate loans + 1 + 14 1,174 - 60 Loans to banks — 4 49 Other loans + 1 1,546 + 39 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 502 2,160 5,903 2,286 3,382 + 8) + 22) + 2) + 12 + 27 + 776 + + 631 235 9,247 465 2,789 +131 + 22 - 49 +2,562 + 79 + 332 18,096 5,247 540 +261 - 3 + 1 +2,708 + 37 + 129 7,167 683 4 - 12 + 14 — 2 +1,209 + 348 + 4 Vorm FR—2b4 STATEMENT FOR THE PRESS Board of Governors of the Federal Reserve System August 31, 1939 For immediate release ASSETS AHD LIABILITIES OF WEEKLY REPORTING MEMBER BANKS IN CENTRAL RESERVE CITIES (In millions of dollars) New York City Increase or decrease since Aug, 30, Aug. 23, Aug. 31, 1938 1939 1939 Chicago Increase or decrease since Aug. 30, Aug. 23, Auig# 31 > 1938 1939 1939 ASSETS 25 + 315 2 + 15 1 1 4 + 10 + 5 + 1 2 Loans and Investments-total 8,379 + 39 + 628 2,161 Loans - total 2,856 + 30 - 151 539 1,545 120 467 + 49 + 3 - 22 - 66 16 94 353 19 35 14 68 14 45 48 50 286 241 245 656 + 25) + Commercial, industrial, and agricultural, loans Open market paper Loans to brokers and dealers Other loans for purchasing or carrying securities Real estate loans Loans to banks Other loans 183 118 39 384 — - — 3 3 + 4- - — Treasury bills Treasury notes U. S. bonds Obligations guaranteed by U.S. Gov't Other securities 194 825 2,136 — 14) + 6) - 24) 1,147 1,221 + 6 + 35 + 352 141 154 326 Reserve with F. R. banks Cash in vault Balances with domestic banks Other assets - net 5,499 71 72 378 +182 + 11 - 4 + 2 +2,074 + 19 + 2 — 110 927 39 213 49 8,195 647 48 +244 + 2 +1,749 — 10 — 52 1,729 496 3,112 613 + 7 + 22 612 321 808 13 + + 4- - + + 4* 3 1) 4" 266 + --,) — - 5 -4 + 27 7 18 44" 32 6 11 4 9 2 - 4- 4- — L I A B I L I T I E S Demand deposits-adjusted Time deposits i. S. Gov't deposit® Tnter-barik deposits t Domestic banks Foreign banks Borrowings Other liabilities CAPITAL ACCOUNTS — + + —«— — • 303 1,481 — 44 — l - — — 2 5 13 267 + 1 1 — - 2 + 131 33 21 + 136 5 + — — — 2 4- 3 15 Form FR-2&H> ASSETS AMD LIABILITIES OF WEEKLY REPORTING MEMBER BANKS IN 101 LEADING CITIES OS AUGUST 3U, 1939 (In millions of dollars) District Reserve Federal Total San Kansas Dallas MimeSt. New Phila- Cleve- RichAll Francisco Boston York delphia land mond Atlanta Chicago Louis apolis City districts ASSETS Loans and Investments — total 22,442 1,169 9,222 1,160 1,926 682 584 3,255 686 383 664 512 2,199 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 8,209 584 3,213 415 679 245 284 851 307 164 275 253 939 3,996 317 608 272 1,654 128 61 472 22 189 26 19 253 7 21 105 11 3 152 3 5 479 34 40 179 5 5 #3 4 166 1 1 163 20 4 4 301 17 12 519 1,174 49 1,546 22 81 1 125 243 205 39 472 31 55 1 94 26 172 3 197 11 31 1 81 79 105 7 7 10 25 13 21 49 384 114 13 51 3 51 62 53 48 176 Treasury bills Treasury notes U. S. bonds Obligations guaranteed by U. S. Gov*t Other securities 502 2,160 5,903 2,286 3,382 — 194 875 2,320 1,236 1,384 9 34 103 63 91 244 430 953 291 486 2 49 158 68 102 33 114 44 3 84 108 59 135 26 39 327 98 281 20 221 603 112 291 15 37 1 73 - -11 t 189 132 51 65 4 93 669 178 Reserve with F. R. bank Cash in vault Balances with domestic banks Other assets — net 9,247 465 2,789 1,241 418 5,638 89 141 174 146 456 79 360 18 185 100 447 43 282 104 168 22 175 38 136 13 191. 46 1,157 71 501 82 183 12 162 23 91 7 123 18 177 15 305 23 125 11 251 30 347 23 294 242 18,096 1,116 8,760 248 1,027 5,247 66 16 540 890 281 53 1,245 736 42 465 200 28 386 189 40 2,518 931 110 462 190 22 292 119 3 513 143 23 456 135 30 993 1,048 107 7,167 683 290 3,196 615 19 349 13 391 1 266 1 251 1 1,072 14 292 142 1 401 218 299 18 4 723 3,724 1 3 308 19 244 l,6o4 14 223 15 372 29 96 10 93 17 404 6 94 7 58 3 101 4 86 291 349 63 336 54 132 L I A B I L I T I E S Demand deposits-adjusted Time deposits U.S. Gov't deposits Inter—bank depositsi Domestic banks 4 Foreign banks x Borrowings Other liabilities CAPITAL ACCOUNTS . — 28 50 80 48 55 316
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