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Form Ffc-284 STATEMENT FOR THE PRESS For immediate r e l e a s e Board of Governors of the Federal Reserve System September 6 , 1938 (fcndition 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 August 31I Increases of $54,000,000 i n loans t o brokers and dealers i n s e c u r i t i e s , §65,000,000 i n 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 , $28,000,000 i n "Other s e c u r i t i e s " , $174,000,000 i n demand deposits—adjusted, and $83,000,000 i n deposits credited to 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 increased $6,000,000 i n the San Francisco d i s t r i c t , and declined $6,000,000 i n the Cleveland d i s t r i c t , $3,000,000 i n t h e Philadelphia d i s t r i c t and $4,000,000 at a l l reporting 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 increased $54,000,000 i n New York City. Holdings of United States Government d i r e c t obligations increased $49,000,000 i n New York City, $12,000,000 i n t h e Cleveland d i s t r i c t and $65,000,000 at a l l r e porting member banks. Holdings of obligations f u l l y guaranteed by the United S t a t e s Government increased $2,000,000. Holdings of "Other s e c u r i t i e s " increased $35)000.000 i n New York City and $28,000,000 at a l l reporting member banks, and declined $13,000,000 i n the San Francisco d i s t r i c t . Demand deposits—adjusted increased $104,000,000 in New York City, $47,000,000 i n the Chicago d i s t r i c t , $28,000,000 i n the Cleveland d i s t r i c t and $174,000,000 at reporting member banks. Time deposits declined $7,000,000 and Government d e p o s i t s $10,000,000* Deposits c r e d i t e d t o domestic banks increased $76,000,000 i n New York City and $83,000,000 at a l l reporting member banks. Deposits c r e d i t e d t o f o r e i g n banks i n creased $10,000,000 i n New York City. > Weekly reporting member banks reported no borrowings on August 31* 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 August 31 > 1938, follows i (In millions of d o l l a r s ) Increase or decrease since Sept. 1 , Aug. 24, 1937 1938 ASSETS +148 -1,458 Loans and Investments — t o t a l 20,861 -1,757 -752 -127 -702 -126 -5 Loans — t o t a l 8,270 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>886 Open market paper 339 Loans t o brokers and dealers i n s e c u r i t i e s 690 Other loans f o r purchasing or carrying s e c u r i t i e s 577 Real e s t a t e loans 1,159 Loans t o banks 112 Other loans 1,507 +53 —4 +4 +54 -3 +1 -2 +3 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 7,789 1,655 3>l47 +65 +2 +28 -4o4 +525 +178 6,685 386 2,457 +46 -10 +38 +1,499 +105 +819 15,388 5>210 4ll +174 -7 -10 +464 -58 -180 5,958 335 +83 +1,075 -250 -15 Reserve with Federal Reserve banks Cash i n v a u l t Balances with domestic banks ' , -23 -22 L I A B I L I T I E S Demand deposits—adjusted Time deposits U. S. Government deposits Inter-bank deposits I Domestic banks Foreign banks Borrowings , +10 —• Form FIH284—a STATEMENT FOR THE PRESS Board of Governors of the Federal Reserve System September 1, 1938 For immediate r e l e a s e ASSETS AND LIABILITIES OF WEEKLY REPORTING MEMBER BANKS IN CENTRAL RESERVE CITIES Chicago New York CiLty 19 3 8 19 3 7 1 9 3 8 . 19 3 7 Aug. 31 Aug. 24 Sept. % Aug. 31 Aug.. 24 Sept. 1 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 t o brokers and d e a l e r 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 7 • 7 3,007 2,951 4,085 524 526 717 1,479 136 561 1,480 132 507 1,818 164 1,171 343 19 30 342 19 32 482 197 118 84 432 198 118 87 429 275 134 101 422 67 12 68 12 53 53 75 14 2 60 54 U. S. Gov*t obligations Obligations f u l l y guaranteed by U. S. Gov»t Other s e c u r i t i e s 2,869 2,820 2,933 876 874 923 795 1,080 797 1,045 398 961 127 319 127 320 99 275 Reserve with F. R, bank Cash i n vault Balances with domestic banks Other a s s e t s — net 3,425 52 70 488 3,375 51 69 478 2,412 895 33 224 53 873 34 209 52 571 25 125 63 6,446 657 100 6,342 659 104 6,060 334 1,598 463 42 1,552 464 47 1,527 448 55 2,500 292 2,424 282 1,858 536 672 8 680 6 502 7 292 1,483 8 ' 376 1,483 16 252 16 250 16 243 AS 65 467 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 Capital account 305 1,486 714 Form FR—284~b ASSETS AND LIABILITIES OF WEEKLY REPORTING MEMBER BANKS IK 101 LEADING CITIES ON AUGUST 31, 1938 (In millions of d o l l a r s ) D i s t r i c t Re s e r v e F e d e r a l Total S t . Minne— Kansas Dallas RichHew P h i l a - CleveAll Atlanta Chicago Louis a p o l i s Boston City mond delphia land York districts ASSETS Loans and Investments — t o t a l San Francisco 20,861 1,097 8,572 1,127 1,781 610 549 2,871 650 361 627 494 2,122 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 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 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 8,270 575 3,396 4l6 654 228 279 831 282 157 244 227 981 3,886 267 61 21 1,590 147 566 189 20 16 247 11 21 99 11 3 151 3 174 5 4 73 5 1 149 17 4 143 2 2 336 6 468 34 35 264 221 87 521 34 14 28 4 73 79 93 3 119 if6 8 6 2 97 36 171 2 166 16 112 1,507 31 82 3 110 32 64 12 22 1 39 l4 21 1 44 56 378 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 7,789 1,655 3,147 358 30 134 ^845 1,238 334 94 283 761 90 276 284 35 63 144 1,352 42 229 84 459 212 58 98 151 13 4o 209 49 125 172 42 53 719 128 294 Reserve with F. R. banks Gash i n v a u l t Balance with domestic banks Other a s s e t s - net 6,685 386 2,457 1,282 353 123 138 74 3,548 66 164 229 16 158 86 381 35 278 107 153 17 145 .34 96 1,097 61 11 l4l 439 86 39 161 10 134 23 76 5 124 17 162 12 288 22 101 10 210 26 328 15,388 5,210 411 1,018 258 8 6,962 1,052 108 755 1,095 745 293 18 20 416 199 13 337 186 23 2,314 873 69 417 186 15 265 119 493 144 18 4o6 132 25 910 1,023 92 5,958 335 230 10 2,568 344 1 216 192 1 889 9 265 132 1 358 191 294 299 6 274 13 705 3,664 20 ; 316 24l 1,615 16 227 18 361 22 93 7 90 20 6 89 7 57 3 95 5 82 339 690 577 565 1 67 23 11 20 238 203 L I A B I L I T I E S Demand deposits—adjusted Time d e p o s i t s U. S. Gov , t d e p o s i t s Inter-bank deposits* Domestic banks Foreign banks Borrowings Other l i a b i l i t i e s Capital account 380 2 265 334
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