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BOARD CP GOVERNORS OF THE FEDERAL RESERVE SYSTEM (For Immediate Release) A p r i l 21, 1948 CONDITION OF WEEKLY REPORTING MSIvIBBR BANKS IN LEADING CITIES The c o n d i t i o n statement of weekly r e p o r t i n g member t>anks i n leading c i t i e s c r e d i t e d to domestic banks. Loans f o r purchasing or c a r r y i n g United S t a t e s Government and other s e c u r i t i e s decreased $56,000,000, "Other loans" increased $26,000,000. . Holdings of Treasury b i l l s i n c r e a s e d $91,000,000 i n t h e Chicago D i s t r i c t and $155,000,000 a t a l l r e p o r t i n g member banks, and d e c r e a s e d $26,000,000 i n New York C i t y . Holdings of Treasury c e r t i f i c a t e s of indebtedness decreased $112,000,000 i n New York C i t y and $55,000,000 a t a l l . r e p o r t i n g member banks and increased $27,000,000 in t h e Chicago D i s t r i c t . Holdings of Treasury notes and of United S t a t e s Government bonds decreased $16,000,000 and $38,000,000, r e s p e c t i v e l y . Demand d e p o s i t s a d j u s t e d increased $285*000,000 i n t h e Chicago D i s t r i c t and $235,000,000 a t , a l l r e p o r t i n g member banks, and decreased $141,000,000 i n ew York C i t y and $1*0,000,000 i n t h e P h i l a d e l p h i a D i s t r i c t . United S t a t e s Government d e p o s i t s decreased $63,000,000. Demand d e p o s i t s c r e d i t e d t o domestic banks increased $63,000,000 i n t h e Chicago D i s t r i c t , $60,000,000 i n New York C i t y , $24,000,000 i n the San Francisco D i s t r i c t , and $209,000,000 a t a l l r e p o r t i n g ^ ^ ^ B o r r o w i n g s decreased $99,000,000 i n the Chicago D i s t r i c t and $77,000,000 a t a l l r e p o r t i n g member banks. A summary of t h e 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 followst Increase or decrease siliQe v April A p r i l 16, " A p r i l 7, ll+. 19U8 19k8 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 Loans t o brokers and d e a l e r s f o r purchasing or carrying1 U„S. Government o b l i g a t i o n s Other s e c u r i t i e s Other loans f o r purchasing or c a r r y i n g t U.S. Government o b l i g a t i o n s Other s e c u r i t i e s Real e s t a t e loans Loans t o banks Other loans Treasury b i l l s Treasury c e r t i f i c a t e s of indebtedness Treasury notes U. S. bonds Other s e c u r i t i e s Reserve with Federal Reserve Banks Cash i n v a u l t Balances with domestic banks 62,855 - 14 23*269 11,333 - 65 - 3 - 619 +3,461 +2,161 379 407 - 24 - 21 + 272 475 3,643 191 3,569 2,006 3,778 2,386 27,090 1,326 12,1*90 799 2,55b - 10 - 1 + 16 - 48 + 26 +155 - 55 - 16 - 38 + 5 +117 + 46 +135 - 270 17 + 86a + 80 + 674 + 825 -1,373 - 436 -3,312 + 216 + 927 + 74 99 46,210 14,753 1,390 8,821 1,351 123 +235 - 6 - 63 +209 - 12 - 77 + 673 + 46o - 582 - 607 3 + 34 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 except Govt. U. S. Government d e p o s i t s Interbank demand d e p o s i t s j Domestic banks Foreign banks Borrowings Debits t o demand d e p o s i t accounts, except interba nk and U. S, Govt, accounts, during week 19,745 32 5 ASSETS AND LIABILITIES OF WEEKLY" REPORTING MEMBER- BA-NKB IN IEADING CITIES, APRIL-lit, 1948 r 1 c F e d e' r a 1 R ** e s" e" r v e ' D " i Total San Kansas Dallas S t . IMinneCleveRichNew PhilaAll Atlanta Chicago Boston tFrancisco C i t y Louis | a p o l i s mond land delphia York districts (In millii ASSETS 11,082 2,055 1,129 2,518 2,171* 8,529 2,1*97 L,287 2,533 2,297 Loans and investments - t o t a l 62,855 2,811* 21,162 1*,656 807 1,011 1*19 920 831* 2,626 825 855 1,1*67 7,760 1,091 Loans - t o t a l 25*269 698 1,979 520 255 1,800 548 520 1*06 887 503 5,It 80 737 Commercial, i n d u s t r i a l & a g r ' l loans lit,335 Loans t o brokers and d e a l e r s f o r purchasing or c a r r y i n g : 2 2 11* 2 16 8 335 U.S.Government o b l i g a t i o n s 379 .6 6 2 1 * " 4 6 31 H* 5 13 307 7 Other s e c u r i t i e s 1*07 Other loans f o r purchasing or c a r r y i n g : 16 19 10 10 16 23 27 22 1* 11* 53 58 U.S.Government o b l i g a t i o n s 272 ' 1*0 11 35 H* 22 5 35 69 8 15 16 205 Other s e c u r i t i e s 1*75 81 1,945 119 ll*6 54 75 316 180 21*0 72 120 295 Real e s t a t e loans 5,643 — • 2 3 5 16 5 6 3 H*5 3 Loans t o banks 191 ,5 665 170 H*1 187 93 170 364 226 185 21*7 186 935 Other loans 3,569 11 197 16 109 1*5 30 547 61 50 71* 103 963 Treasury b i l l s 2,006 1,022 165 253 69 109 207 1*27 206 170 111 li*6 895 Treasury c e r t i f i c a t e s of indebtedness 3*778 521 11*2 93 50 85 11*2 378 82 160 61* 127 544 Treasury notes 2,386 3,974 809 779 1*95 730 900 1*, 118 1,138 2 , o 6 l 1,282 1,231* 9,570 U. S. bonds 27,090 712 117 80 198 11*6 181* 633 126 332 255 1,1*30 113 Other s e c u r i t i e s 4,3^6 1,787 1*67 1*81 211 381 1*51 1,668 1*66 1*79 777 4, 825 1*97 Reserve w i t h Federal Reserve Banks 12,1*90 123 31 33 13 29 1*3 106 82 65 1*3 171* 57 Cash i n v a u l t 799 297 288 500 88 111* 207 376 168 165 101* 112 135 Balances w i t h domestic banks 2,35b 181 1*1* 25 21* H* 1*7 78 l*o6 55 82 63 58 Other a s s e t s - net 1,077 L I A B I L I T I E S 6,780 786 1,730 1,81*1 1,299 1,7W* 5,889 2,975 2,017 16,823 1,991 Demand d e p o s i t s a d j u s t e d 1*6,210 2,335 5,109 252 587 394 1*73 5U8 2,1*55 1*25 1,325 595 2,297 1*95 Time d e p o s i t s except Govt. lit, 753 192 62 1*5 1*7 29 21*7 1*7 112 78 61 1*10 60 U.S.Government deposits 1,390 462 527 760 259 573 1*91 1,1*01* 1*56 369 31*6 2,901 Interbank demand d e p o s i t s :Domestic banks 8,821 273 1* 63 2 1 28 8 1* 3 6 10 1,201 21 Foreign banks 1,351 7 18 2 3 6 3 3 3 73 Borrowings 123 5 172 H* 11 13 15 23 17 59 27 36 56 Other l i a b i l i t i e s 1,038 595 685 187 193 98 171 181 211* 673 1*66 2,1*02 302 317 CAPITAL ACCOUNTS 5,889 H.4.2(a) mm * *" *» *» Debits t o demand deposit accounts, except interbank and U.S.Govt, accounts 19,745 831* 8,1*02 71*6 1,055 61*5 623 2,81*1 547 567 692 •» 626 2,567
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