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H.4.2 BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM (For Immediate Release) A p r i l 27, 1949 CONDITION OF WEEKLY REPORTING MEMBER BANKS IN LEADING CITIES The condition statement of weekly r e p o r t i n g member banks i n leading c i t i e s shows the following p r i n c i p a l changes f o r t h e week ended A p r i l 20$ Decreases of $243,000,000 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 , $272,000,000 i n United S t a t e s Government deposits and $429,000,000 i n demand d e p o s i t s c r e d i t e d t o domestic banks, and increases of $£21,000,000 i n demand deposits a d j u s t e d and $261,000,000 i n borrowings. 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 decreased i n a l l d i s t r i c t s ; the p r i n c i p a l decreases were $133,000,000 i n New York City, $32,000,000 i n the San Francisco D i s t r i c t , $22,000,000 i n the Chicago D i s t r i c t , and $12,000,000 i n the Cleveland D i s t r i c t . Loans t o brokers and d e a l e r s f o r purchasing or carrying United S t a t e s Government and other s e c u r i t i e s increased $425,000,000, l a r g e l y i n New York City. Holdings of Treasury b i l l s increased $85,000,000 i n New York City and decreased $69,000,000 i n Chicagoj t h e net increase a t a l l r e p o r t i n g member banks was $28,000,000. Holdings of Treasury c e r t i f i c a t e s of indebtedness decreased $78,000,000 i n New York City and a t o t a l of $70,000,000 a t a l l r e p o r t i n g member banks. Holdings of United S t a t e s Government bonds increased $50,000,000» Holdings of "other: s e c u r i t i e s " decreased $U8,000,000. Demand deposits a d j u s t e d increased $389,000,000 i n New York City, $100,000,000 in Chicago, and $71,000,000 i n the New York D i s t r i c t o u t s i d e of New York City, and decreased $1*9,000,000 i n the Dallas D i s t r i c t . United S t a t e s Government deposits and demand d e p o s i t s c r e d i t e d t o domestic banks decreased i n a l l d i s t r i c t s . Borrowings increased $214,000,000 i n New York City and by smaller amounts i n most of the other d i s t r i c t s , A summary of the 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 f o l l o w s : Increase or decrease since Apr. 21, A p w 3 ' 191x8 (In m i l l i o n s of d o l l a r s ) + 171 -2,183 61,271 + 220 + 662 24,142 + + 800 221 24,443 + 2 - 243 11,300 Apr, 20, 1949 ASSETS Loans and investments - t o t a l Loans - net Loans - gross# 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 c a r r y i n g : 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 : 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 U. S. Government s e c u r i t i e s - t o t a l 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 801 570 190 426 4,079 225 3,852 32,766 1,667 1,705 971 25,1+23 4,363 Reserve with Federal Reserve Banks Ik,253 772 Cash i n v a u l t 2,028 Balances with domestic banks L I A B I L I T I E S Demand deposits a d j u s t e d 15,758 15,172 Time deposits except Govt. 1,516 U. S. Government deposits Interbank demand d e p o s i t s : Domestic banks 8,093 Foreign banks 1,381 121 Borrowings Debits t o demand deposit accounts, except interbank 21,026 and U. S. Govt, accounts, during week #See f o o t n o t e on following page, + 337 + 88 + + 5 6 - - + + - + - + — 26 24 1 28 70 9 50 48 + 146 - 35 218 + 521 26 - 272 - 429 21 261 + 378 88 84 64 + 410 - 155 + 225 -2,877 . - 640 + 854 -1,423 -1,668 + 32 +1,903 + 5 - 243 - 960 + 416 + 241 - 485 + 34 + 96 ASSETS AND LIABILITIES OF WEEKLY REPORTING MEMBER BANKS IN LEAPING CITIES. APRIL 20. Di s t Be s e i• v e F e d e r sL 1 Total CleveRichP h i l a New All Atlanta Chicago S t . Boston Louis mond York delphia land districts (In millions of d o l l a r s ) ASSETS 8,425 2,780 20,046 2,505 4,261 2,459 2,276 2,034 61,271 Loans and Investments - t o t a l 840 ' 820 2,560 1,027 8,298 918 1,455 24,142 936 Loans - net# 881 518 1,686 518 Commercial, i n d u s t r i a l , & a g r ' l loans 646 5,490 547 399 14,300 Loans t o brokers and d e a l e r s f o r purchasing or carrying: U . S . Government obligations — — 1 7 1 16 801 29 744 Other s e c u r i t i e s 20 7 58 19 7 421 570 5 9 Other loans f o r purchasing or carrying: U. S. Government obligations 10 2 15 23 11 13 30 190 47 Other s e c u r i t i e s 28 20 11 21 7 57 16 183 426 Real e s t a t e loans 68 161 276 192 91 337 132 4,079 404 Loans t o banks 2 1 1 18 22 163 13 225 4 Other loans 210 267 215 237 191 387 198 957 3,852 2,466 1,488 1,268 5,196 963 1,615 10,470 1,288 32,766 U. S. Government securities—total 62 28 668 76 81 1,667 332 47 45 Treasury b i l l s 268 172 651 250 179 144 4,705 243 1,183 Treasury c e r t i f i c a t e s of indebtedness 113 46 235 146 37 43 971 41 34 Treasury notes 717 2,027 1,221 901 3,978 8,473 1,063 1,250 25,423 U. S . bonds 188 669 131 135 138 1,278 299 340 4,363 Other s e c u r i t i e s 2,007 5,666 521 486 859 560 530 429 14,253 Reserve with Federal Reserve Banks 28 65 98 162 83 42 772 42 59 Cash i n v a u l t 86 187 82 138 312 113 2,028 115 133 Balances with domestic banks 83 48 63 50 24 77 438 1,125 54 Other a s s e t s - n e t L I A B I L I T I E S 2,922 1,965 1,766 5,895 1,3$2 2,339 16,480 2,020 45,758 Demand deposits adjusted 1,388 2,575 481 597 538 2,379 15,172 453 479 Time deposits except Gov't 62 76 130 325 53 64 1,516 45 424 U. S . Government deposits 1,286 467 541 323 415 265 2,598 344 Interbank demand d e p o s i t s : Domestic banks 8,093 1,180 6 2 10 13 31 53 5 Foreign banks 1,381 6 1 24 293 14 39 421 9 4 Borrowings 616 26 16 65 17 24 37 1,034 49 Other l i a b i l i t i e s 702 187 222 177 2,457 322 309 6,074 463 CAPITAL ACCOUNTS Debits t o demand deposit accounts, except 716 726 1,211 2,899 766 8,985 669 21,026 599 interbank and U. S. Govt, accounts #See footnote on previous page. 1949 r i c t Minne— I'Kansas apolis} City 1,117 432 242 2,334 860 550 Dallas 2,214 1,053 728 San Francisco 10,820 4,943 2,095 4 5 3 13 6 12 129 1 119 163 598 1,267 10 120 276 129 72 14 799 445 87 207 23 8 525 13 29 262 74 15 25 14 39 87 12 28 2,138 190 1,041 31 250 40 720 120 517 33 266 49 718 5,106 167 960 150 3,829 771 1,915 118 260 199 803 1,810 256 384 58 31 701 242 2 1 10 13 11 14 197 99 1,890 442 45 481 5 2 14 200 6,516 5,200 203 430 73 6 145 739 838 747 2,516 — 2 7 4 64 354 — —
@FedFRASER