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Form FR-28-4 STATEMENT FOR THE PRESS For immediate r e l e a s e Board of Governors of the Federal Reserve System September 9 , 1940 Condition of Weekly Reporting Member Banks In 101 Leading C i t i e s IKi CO The condition statement of weekly r e p o r t i n g member banks i n 101 leading c i t i e s shows t h e following p r i n c i p a l changes f o r the week ended September 4t I n creases of $17,000,000 i n commercial, i n d u s t r i a l and a g r i c u l t u r a l l o a n s , $27,000,000 i n loans t o brokers and d e a l e r s i n s e c u r i t i e s , and $113,000,000 i n dep o s i t s c r e d i t e d to domestic banks, and a decrease of $152,000,000 i n demand depositsadjusted. Holdings of United S t a t e s Treasury bills declined $7,000,000 at a l l r e p o r t ing member banks. Holdings of Treasury notes declined $15,000,000 i n New York City and $18,000,000 a t a l l r e p o r t i n g member banks. Holdings of o b l i g a t i o n s guaranteed by t h e United S t a t e s Government increased $13,000,000 i n Hew York City and $14,000,000 a t a l l r e p o r t i n g member banks. Holdings of "Other s e c u r i t i e s " declined $15,000,000 i n the San Francisco d i s t r i c t and $14,000,000 a t a l l r e p o r t i n g member banks. Demand d e p o s i t s - a d j u s t e d decreased $55,000,000 i n New York City, $37,000,000 i n t h e Chicago d i s t r i c t , $22,000,000 i n t h e San Francisco d i s t r i c t , $16,000,000 i n t h e Richmond d i s t r i c t , $15,000,000 i n the P h i l a d e l p h i a d i s t r i c t , and $152,000,000 at a l l r e p o r t i n g member banks. Time deposits increased $16,000,000 i n New York City and $18,000,000 a t a l l r e p o r t i n g member banks. Deposits c r e d i t e d to domestic banks increased $14,000,000 each i n New York City, t h e Cleveland d i s t r i c t , and the Chicago d i s t r i c t , $11,000,000 i n the Kansas City d i s t r i c t , $10,000,000 each i n t h e Boston and Richmond d i s t r i c t s , and $113,000,000 a t a l l r e p o r t i n g member banks. Deposits c r e d i t e d t o f o r e i g n banks decreased $9,000,000 i n New York City and $12,000,000 at a l l r e p o r t i n g member banks. 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 r e p o r t i n g member banks, together with changes f o r t h e week and t h e year ended September 4 , 1940, follows i (in m i l l i o n s of d o l l a r s ) Increase or decrease since Sept. 6 , Aug. 28, 1940 1939 ASSETS Loans and Investments - t o t a l +1 ,799 + 31 24,188 + 57 + 261 Loans - t o t a l 8,566 + 17 + 405 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 4,480 — Open market paper 20 29-4 5 + 27 Loans to brokers and d e a l e r s i n s e c u r i t i e s 250 390 — Other loans f o r purchasing or carrying s e c u r i t i e s 49 463 4 + 4 + Real e s t a t e loans 1,219 45 + + 8 Loans to banks 2 48 + 128 Other loans + 10 1,672 + 237 Treasury b i l l s 7 705 Treasury notes 18 59 2,095 + 671 U, S. bonds 6,561 1 + 377 Obligations guaranteed by U. S. Gov't 14 2,596 + 312 — Other s e c u r i t i e s 14 3,665 — 31 +2,050 Reserve with Federal Reserve Banks 11,418 + 28 Cash i n v a u l t 17 491 + 358 Balances with domestic banks 3,171 30 H L I A B I L I T I E S Demand d e p o s i t s - a d j u s t e d Time d e p o s i t s U. S, Government d e p o s i t s Inter—bank d e p o s i t s ! Domestic banks Foreign banks Borrowings 20,901 5,358 531 -152 + 18 + 3 +2,861 + 123 9 8,505 670 +113 12 1 +1,159 42 1 — — — Form F. R. 284 STATEMENT FOR THE PRESS Board of Governors of t h e F e d e r a l Reserve System September 5, 19-40 For immediate r e l e a s e ASSETS AND LIABILITIES OF WEEKLY REPORTING MEMBER BANKS IN CENTRAL RESERVE CITIES ( i n m i l l i o n s of d o l l a r s ) New York City Increase or Sept. decrease s i n c e Aug. 28, S e p t . 6 , 4, 1940 1940 1939 Sept, 1940 Chicago I n c r e a s e or decrease since Aug, 28, S e p t . 6, 1940 1939 ASSET S Loans and Investments - t o t a l 9,599 + 31 +1 ,258 2,303 Loans - t o t a l 2,765 + 28 - 127 1,691 77 281 + - 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 b r o k e r s and d e a l e r s Other l o a n s 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 l o a n s 162 124 38 392 - - 5 + 22 - - - - + + 7 4 - + + + - 2 + 143 617 + 9 + 60 118 38 218 433 22 27 + + + 3 1 4 + + 69 3 10 14 6 5 14 59 18 58 323 1,047 2,643 V* 1 — 15 1 + + + 134 231 501 301 158 720 1,385 1,436 + 13 + 292 227 143 356 Reserve with F. R. Banks Cash i n v a u l t Balances with domestic banks Other a s s e t s - net 6,401 84 81 324 7 •f 69 1 + 3 + 5 + + + 854 7 9 48 1,189 43 259 46 9,672 730 35 55 4~ 16 +1,,521 + 84 — 14 1,953 507 94 3,654 617 + 14 + - 9 - 475 21 1,011 6 286 1,495 + 3 + + 19 16 13 256 - 1 <• we - Treasury b i l l s Treasury n o t e s U. S, bonds O b l i g a t i o n s guaranteed by U. S. Gov't Other s e c u r i t i e s — - - - - + — 2 + 5 2 1 + + — - 3 + 11 + + - 1 1 9 4 3 6 86 87 64 12 32 + 260 4- + - 4 40 4 L I A B I L I T I E S Demand d e p o s i t s - a d j u s t e d Time d e p o s i t s U. S. Gov't d e p o s i t s Inter-bank d e p o s i t s i Domestic banks Foreign banks Borrowings Other l i a b i l i t i e s CAPITAL ACCOUNTS . — 17 . - + 4+ -» + 8 1 2 1 + - _ — 229 11 31 192 8 1 11 Form F. R. 284-b ASSETS AND LIABILITIES OF YJEEKLY REPORTING MEMBER BANKS II? 101 LEADING CITIES ON SEPTEMBER 4, 1940 Total All Boston New York districts 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 i n s e c u r i t i e s Other l o a n s f o r purchasing or c a r r y i n g s e c u r i t i e s Real e s t a t e loans Loans t o banks Other l o a n s Treasury b i l l s Treasury n o t e s U. S. bonds O b l i g a t i o n s guaranteed by U. s . Gov't Other s e c u r i t i e s Reserve w i t h F. R. Bank Cash i n v a u l t Balances w i t h domestic banks Other a s s e t s - n e t L I A B I L I T I E S Demand d e p o s i t s - a d j u s t e d Time d e p o s i t s U. S. Gov't deposits Inter—bank d e p o s i t s : Domestic banks Foreign banks Borrowings Other l i a b i l i t i e s CAPITAL ACCOUNTS F e d e r a l R e s e r v e D i s t r i c t S t . Minne- Kansas P h i l a - Cleve- Rich- Atlanta Chicago Dallas Louis a p o l i s City delphia land mond 688 328 396 191 593 41 31 182 10 3 69 124 69 3 39 108 68 107 123 301 301 1,042 313 544 13 55 2 63 11 39 147 72 107 721 47 341 96 208 21 228 40 147 13 198 50 1,497 75 587 79 237 11 177 22 1,004 262 47 1,440 746 43 533 203 33 429 191 42 2,848 970 138 3,750 618 442 5 486 1 308 — — 278 1 1,338 8 293 1,618 13 215 16 381 10 95 18 400 24,188 1,189 10,474 1,204 1,908 8,566 621 3,120 473 4,480 294 390 308 66 11 1,814 79 285 463 1,219 48 1,672 705 2,095 6,561 2,596 3,665 18 80 1 137 8 43 338 53 126 212 203 38 489 336 1,105 2,866 1,458 1,589 — — 11,418 491 3,171 1,180 670 144 179 70 20,901 5,358 531 2,261 310 531 271 96 3 1 182 22 3 178 2 2 342 14 10 7 11 1 72 9 30 41 89 76 134 14 23 1 51 30 39 85 48 58 106 6 • 145 16 198 16 317 23 141 11 279 30 496 190 16 309 116 2 544 146 19 350 173 1 — 704 313 3,482 981 124 11 3 153 2 5 14 45 1 81 11 33 1 108 638 715 713 279 226 37 22 282 7 14 31 50 1 106 33 328 94 276 24 179 1 208 1 165 615 131 281 6,567 103 221 406 476 20 208 80 1,344 234 13 10,331 1,101 60 8,505 670 380 16 693 3,790 19 246 — — 166 133 66 33 100 — ~ San Francisco — — 5 94 — — 28 110 24 43 7 61 — — 64 12 67 425 3 105 964 386 1 170 3 70 700 193 331 450 24 291 268 135 32 1,135 1,064 86 244 1 331 19 4 88 272 387 488
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