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BOAltD OF GOVERiNOBS OP TEE FEDERAL RESERVE SYSTEM April 1, 1959 (For Immediate Release) H.4.2 CONDITION OF WEEKLY REPORTING MEMBER BANKS IN LEADING CITIES The condition statement of weekly reporting member banks in leading cities shows the following principal changes for the week ended March 25: Decreases of $931 million in holdings of U, S. Government securities, $689 million in reserve balances with Federal Reserve Banks, $391 million in demand deposits adjusted, $604 million in U. S. Government deposits, and $624 million in demand deposits credited to domestic banks. Commercial and industrial loans decreased $38 million at all reporting member hanks: the principal changes were decreases of $72 million in New York City,and $17 million in Chicago, and increases of $19 million in the San Francisco Distric , $11 million in the Dallas District, and $10 million in the Cleveland District. Changes according to industry appear in another press release. Loans to brokers and dealers for purchasing or carrying U. S. Government and other securities decreased $152 million. "Other" loans increased $46 million. Holdings of Treasury certificates of indebtedness decreased in all districts and a total of $688 million at all reporting member banks, primarily reflecting the cash redemption of a tax anticipation series. Holdings of Treasury bills decreased $130 million, Treasury notes $50 million, and U. S. Government bonds decreased $63 million. Demand deposits adjusted decreased $117 million in the San Francisco District, $81 million in the New York District, and $55 million in the Kansas City District. Time deposits increased $52 million at all reporting member banks; the principal changes were an increase of $74 million in interbank deposits in New York City and a decrease of $43 million in deposits of States in the San Francisco District. Borrowings of weekly reporting member banks from Federal Reserve Banks decreased $460 million and borrowings from others increased $303 million. Loans to banks increased $257 million. A summary of assets and liabilities of reporting member banks follows: Increase of decrease since March 25, March 18, March 26, 1959 1958 1959 (In millions of dollars) A S S E T S -1,097 - 125 38 7 +3,818 +1,887 + 95 + 128 1,816 - 152 - 1,347 9,813 11,985 + + + 3 25 46 + 63 +1,079 + 869 U. S. Government securities - total Treasury bills Treasury certificates of indebtedness Treasury notes U. S. bonds Other securities 29,365 2,082 - 931 130 2,742 6,710 17,831 9,373 - 688 - 50 63 41 +1,257 38 +1,586 +1,784 -2,075 + 674 Loans to banks Reserves with Federal Reserve Banks Cash in vault Balances with domestic banks 1,690 12,737 999 2,330 + + - 257 689 25 189 Loans and investments adjusted l/ Loans adjusted l/ Commercial and industrial loans Agricultural loans Loans to brokers and dealers for purchasing or carrying securities Other loans for purchasing or carrying securities Real estate loans Other loans 93,631 54,893 30,594 576 L I A B I L I T I E S - 391 56,628 Demand deposits adjusted + 52 28,419 Time deposits except U. S. Government 604 2,497 U. S. Government deposits - 624 10,125 Interbank demand deposits: Domestic banks 65 1,579 Foreign banks 460 442 Borrowings: From Federal Reserve Banks + 303 1,323 From others reserves; valuation 1/ Exclusive of loans to banks and after deduction of " " individual loan items are shown gross. + + - 254 260 372 21 277 +2,121 +1,778 -1,573 - 374 + 126 + 394 + 612 ASSETS AMD LIABILITIES OF WEEKLY REPORTING MEMBER BANKS IK LEADING CITIES, MARCH 25, 1959 F e d e r a l R e s e r v e D i s t r i c Total San St. Minne- Kansas RichNew | Phila- Cleve All Atlanta Chicago Louis apolis City Dallas Francisco Boston York jdelphia mond land Districts (In millions of dollars) A S S E T S 6,323 3,699 3,694 12,38? 2,823 1,587 3,653 4,438 19,440 3,442 4,011 28,134 93,631 Loans and investments adjusted l/ 6,312 1,637 953 2,068 2,774 11,498 2,099 3,604 2,024 2,237 2,549 17,138 54,893 Loans adjusted 1/ 4,681 820 478 1,058 1,699 1,102 3,805 950 1,190 1,767 1,498 11,546 30,594 Commercial and industrial loans 268 18 174 20 35 19 9 1 7 3 13 9 576 Agricultural loans Loans to brokers and dealers for 21 67 4 27 29 30 179 25 109 38 23 1,264 l,8l6 purchasing or carrying securities Other loans for purchasing or carrying 68 182 11 21 39 213 44 67 444 177 22 59 1,347 securities 4,479 219 196 313 916 4oo 275 223 833 227 403 1,329 9.813 Real estate loans 2,l40 667 262 491 500 1,356 707 637 785 2,986 798 656 11,985 Other loans < 5,915 475 1,235 1,315 936 2,100 1,344 1,270 4,850 885 7,966 1,074 29,365 U. S. Government securities - total 41 71 13 79 35 592 83 111 28 39 2,082 953 37 Treasury bills 101 160 598 24 346 178 95 158 l4l 99 129 713 2,742 Treasury certificates of indebtedness 1,066 266 287 250 133 989 225 644 250 220 2,061 319 6,710 Treasury notes 4,180 907 709 305 556 2,923 784 956 496 1,187 4,239 589 17,831 U. S. bonds 2,027 349 350 250 159 1,225 325 331 320 619 3,030 388 9,373 Other securities 40 300 19 40 49 13 5 86 56 1,029 19 34 1,690 Loans to banks 2,274 189 517 555 480 1,632 391 496 876 4,322 459 546 12,737 Reserves with Federal Reserve Banks 167 50 45 114 17 37 104 55 216 79 54 61 999 Cash in vault 482 205 310 65 262 147 146 80 l4o 279 136 78 2,330 Balances with domestic banks 523 4o 83 173 43 82 189 111 103 97 1,245 2.814 125 Other assets - net H.4,2(a) L I A B I L I T I E S 56,628 28,419 2,497 2,988 671 138 17,759 6,711 821 2,416 645 97 4,008 2,008 2,601 168 884 129 2,359 931 92 7,191 3,596 384 1,661 653 94 884 382 64 2,398 728 115 2,815 1,267 95 9,548 9,943 300 10,125 1,579 336 2,957 4o4 25 487 11 412 17 739 13 1,568 54 653 3 311 4 84l 2 919 15 498 187 442 1,323 2,950 10,238 18 34 538 1,452 16 59 72 423 46 50 24 53 65 33 32 67 380 130 256 209 13 12 46 13 35 36 61 30 45 35 196 664 319 1,245 372 774 490 3,590 C A P I T A L AC CO U N T S 1/ Exclusive of loans to banks and after deduction of valuation reserves; individual loan items are shown gross. 174 407 19 12 70 526 Demand deposits adjusted Time deposits except U. S. Government U. S. Government deposits Interbank demand deposits: Domestic banks Foreign banks Borrowings: From Federal Reserve Banks From others Other liabilities 28 50 136 1,220 88 1,538
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