Board of Governors of the Federal Reserve System March 11, 19-40 Form FR-2S4 STATEMENT FOR THE PRESS For immediate release 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 March 6i Increases of $31,000,000 in commercial, industrial and agricultural loans, $25,0^0,000 in holdings of Treasury bills and $34,000,000 in holdings of United States Government bonds, a decrease of $73,000,000 in demand deposits-adjusted, and an increase of $134,000,000 in deposits credited to domestic banks. Commercial, industrial and agricultural loans increased $13,000,000 in New York City, $9,000,000 in the Cleveland district, $8,000,000 in the Boston district and $31,000,000 at all reporting member banks. Loans to brokers and dealers in securities increased $25,000,000 in New York City and $29,000,000 at all reporting member banks. Holdings of United States Treasury bills declined $11,000,000 in !Iew York City, and increased $24,000,000 in the St. Louis district, $20,000,000 in the Chicago district and $25,000,000 at all reporting member banks. Holdings of United States Treasury notes declined $10,000,000. Holdings of United States Government bonds increased $24,000,000 in Hew York City and $34,000,000 at all reporting member banks. Holdings of obligations guaranteed by the United States Government declined $12,000,000 in the Chicago district, $7,000,000 in How York City and $21,000,000 at all reporting member banks. Holdings of "Other securities" showed little change for the week. Demand deposits-adjusted declined $32,000,000 in the San Francisco district, $15,000,000 each in the Philadelphia and Chicago districts, and $73,000,000 at all reporting member banks. Tine deposits increased $13,000,000. Deposits credited to domestic banks increased in nearly all districts, the principal increases being $52,000,000 in New York City, $18,000,000 in the Cleve- land district, $15,000,000 in the Chicago district,and $11,000,000 in the Richmond district. The total increase was $134,000,000. A summary of the principal assets and liabilities of reporting a caber banks, together with changes for the week and the year ended Karen 6,1940, follows I Increase or decrease Mar. since 6, Feb. 28, Mar. 8, 1940 1940 1939 ASSETS Loans and Investments - total 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 Treasury bills Treasury notes U# S. bonds Obligations guaranteed oy u. S. Gov z Other securities Reserve with Federal Reserve banks Cash in vault Balances with domestic ban.es rURTLITIEJ toadu-rosits-ad justed Tine deposits U. S. Government deposits Intcr-bank depositst nestle bonks aiffn banks j* 23,355 +87 8,591 +63 4,355 +31 335 + 3 638 +29 477 - 1 1,184 - 1 56 + 4 1,546 - 2 672 +25 1,725 -10 6,503 +34 2,400 -21 3,^64 - 4 10,411 +21 457 -23 3,111 + 7 19,3^1 -73 5,303 +13 572 + 1 8,219 +134 728 - 4 + + + +1,567 253 582 22 - 285 - 55 + 49 - 55 5 + 230 - 702 +1,196 + 370 + 220 +3,002 + 37 + 579 +3,255 + 79 - 60 +1,701 + 159 t