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H,4.2 BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM (For Immediate Release) April 3, 1957 CONDITION OF WEEKLY REPORTING MEMBER BANKS IN LEADING CITIES The condition statement of weekly reporting member banks i n 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 t h e week ended March 27: Decreases of $284 million i n loans a d j u s t e d , #826 million i n holdings of U. S. Government securi t i e s , $399 m i l l i o n i n reserve balances with Federal Reserve Banks, $232 million i n demand deposits a d j u s t e d , $759 million i n U, S. Government d e p o s i t s , and $138 m i l l i o n i n demand deposits credited t o domestic banks. Commercial and i n d u s t r i a l loans decreased $137 million at a l l reporting memb e r banks; t h e p r i n c i p a l changes were decreases of $119 million i n New York City and $18 million i n the Dallas D i s t r i c t , and an increase of $19 million i n the San Francisco D i s t r i c t , Changes according t o industry appear i n another press r e l e a s e . Loans t o brokers and d e a l e r s f o r purchasing or carrying U, S, Government and other s e c u r i t i e s decreased $152 m i l l i o n . Holdings of Treasury b i l l s decreased $446 million and holdings of Treasury c e r t i f i c a t e s of indebtedness decreased $346 m i l l i o n , r e f l e c t i n g retirement of t a x a n t i c i p a t i o n i s s u e s on March 22* Holdings of U, S, Government bonds and of " o t h e r " s e c u r i t i e s decreased $54 million and $33 m i l l i o n , r e s p e c t i v e l y . Demand d e p o s i t s adjusted decreased $113 million i n New York City, $81 mill i o n i n the Boston D i s t r i c t , and $79 million i n the Cleveland D i s t r i c t , but they increased $87 m i l l i o n i n t h e Chicago D i s t r i c t , Time deposits increased $47 million. Borrowings from Federal Reserve Banks decreased $330 million and borrowings from others increased $56 m i l l i o n . Loans t o banks increased $53 m i l l i o n . A summary of a s s e t s and l i a b i l i t i e s of reporting member banks follows: ASSETS Increase or March decrease since 27, March 20, March 28, 1957 1956 1957 (In millions of d o l l a r s ) Loans and investments adjusted l / Loans adjusted l / Commercial and i n d u s t r i a l loans Agricultural loans Loans t o brokers and d e a l e r s f o r purchasing or carrying s e c u r i t i e s Other loans f o r purchasing or carrying s e c u r i t i e s Real e s t a t e loans Other loans 85,604 52,831 31,012 431 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 25,164 1,317 415 4,862 18,570 7,609 Loans t o banks Reserves with Federal Reserve Banks Cash i n vault Balances with domestic banks 1,424 13,038 991 2,584 1,670 1,146 8,740 10,874 + — + - - + + + + 1,143 284 137 1 27 + 3,458 + 3,746 — 84 152 2 6 10 — + + 766 146 399 501 826 446 346 20 54 33 53 399 30 49 - 2,831 + 480 293 — 1,662 - 1,356 654 + 49 344 7 + 51 232 47 759 138 76 330 56 261 + 1,449 - 2,053 + 248 42 115 + 118 L I A B I L I T I E S Demand deposits adjusted Time deposits except U, S, Government U, S, Government d e p o s i t s Interbank demand d e p o s i t s : Domestic banks Foreign banks Borrowings: From Federal Reserve Banks From others X/ 55,472 23,067 2,481 10,244 1,476 451 1,054 — + — + Exclusive of loans t o banks and a f t e r deduction of valuation r e s e r v e s ; i n d i vidual loan items a r e shown gross. H.lt.2(a) ASSETS ASSETS AND LIABILITIES OF WEEKLY REPORTING MEMBER BANKS IN LEADING CITIES, MARCH 2 7 , 1957 D i s t r i c t P e d e r a 1 R e s e r v e Total San Minne- Kansas St. RichP h i l a - CI e v e New All Dallas Francisco A t l a n t a Chicago L o u i s a p o l i s B o s t o n York C i t y mond . delphia land Districts (Iri m i l l i o n s of"do l i a r s ) 85,604 52,831 31,012 431 3,815 2,518 1,531 12 25,865 17,376 12,412 12 1,670 30 1,057 395 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 25,164 1,317 415 4,862 18,570 7,609 16 369 616 937 25 10 156 746 360 Loans t o banks R e s e r v e s w i t h F e d e r a l R e s e r v e Banks 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 1,424 13,038 991 2,584 2,394 rICOO Loans and i n v e s t m e n t s a d j u s t e d l / Loans a d j u s t e d l / Commercial and i n d u s t r i a l l o a n s Agricultural loans Loans t o b r o k e r s and d e a l e r s f o r purchasing or carrying securities Other loans f o r purchasing or carrying securities Real e s t a t e loans Other loans 23 % 82 108 1,182 2,701 6,222 387 67 956 4,812 2,267 9 11 855 19 468 17 938 108 1,44l 23 28 36 185 28 4 24 27 77 47 334 51 171 595 1,164 64 38 315 747 291 180 805 1,218 4,340 329 16 755 3,240 1,107 24 274 465 810 26 16 218 550 218 7 176 237 407 8 9 103 287 150 146 25 280 195 419 596 1,216 1,217 132 72 36 33 229 341 820 770 252 322 73 3,948 1,927 4,865 131 78 907 3,749 1,527 7 183 15 66 27 53 506 43 350 56 26 521 48 539 167 241 2,127 162 227 426 832 2,367 617 313 100 47 2,665 908 87 8,775 8,123 305 3,411 1,862 897 7 50 122 38 225 787 720 23 14 114 569 255 144 781 733 1,975 59 71 508 1,337 602 580 1,291 6l 27 260 943 258 Digitized forxFRASER l/ E c l u s i v e of l o a n s 55,472 23,067 2,481 2,907 606 121 10,244 1,476 317 33 451 1,054 2,671 9,119 22 22 122 457 3,321 1,866 927 4,606 223 176 1,075 6 496 50 98 96 45 937 96 161 105 28 522 81 184 76 27 435 52 306 74 16 1,772 121 237 141 25 417 37 158 43 17,876 4,861 2,397 493 96 4,074 1,824 217 2,547 741 122 2,239 737 86 7,134 3,256 346 1,659 588 72 426 25 495 10 434 10 733 13 1,619 48 670 4 320 3 825 4 951 19 502 138 6 6 17 33 51 347 13 12 56 326 281 165 161 1,099 7 17 45 285 33 26 30 145 18 8 2 75 441 22 112 541 1,409 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 e x c e p t U . S* Government U. S . Government d e p o s i t s I n t e r b a n k demand d e p o s i t s : Domestic banks Foreign banks Borrowings: From F e d e r a l R e s e r v e Banks From o t h e r s Other l i a b i l i t i e s C A P I T A L A C C O U N T S 11,822 2,667 1,451 3,308 3,855 894 1,770 2,386 6,375 1,639 16,744 10,352 4,275 210 3,227 6,118 2,252 3,541 1,212 1,821 1 2 882 18 552 1,396 3,166 57 69 404 56 89 691 t o b a n k s a n d a f t e r d e d u c t i o n o f v a l u a t i o n r e s e r v e s j i n d i v i d u a l l o a n i t e m s a r e shown g r o s s . 36 349
@FedFRASER