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BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM H.4,2 (For Immediate Release) April 5, 1950 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 29: Decreases of $$84,000,000 in holdings of United States Government securities, $306,000,000 in demand deposits adjusted, and $382,000,000 in demand deposits credited to domestic banks. Commercial, industrial, and agricultural loans decreased $55,000,000 in New York City and a total of $53,000,000 at all reporting member banks. Loans to brokers and dealers for purchasing or carrying United States Government securities increased $238,000,000, of which $208,000,000 was in New York City. Loans to banks decreased $111,000,000. Holdings of Treasury bills decreased in all districts and a total of $432,000,000; the principal decreases were $175,000,000 in the Chicago District, $110,000,000 in New York City, and $30,000,000 in the Philadelphia District. Holdings of Treasury certificates of indebtedness decreased $96,000,000 in New York City and by smaller amounts in nearly all of the other districts; there was a net decrease of $144,000,000 at all reporting member banks. Holdings of Treasury notes decreased $39,000,000. Holdings of "other securities" increased $41,000,000. Demand deposits adjusted decreased $248,000,000 in Chicago and $35,000,000 each in the Philadelphia and Richmond districts, and increased $57,000,000 in New York City. United States Government deposits increased $60,000,000 at all reporting member banks. Demand deposits credited to domestic banks decreased in all districts. Borrowings increased $61,000,000 in New York City and a total of $60,000,000 at all reporting member banks. A summary of the assets and liabilities of reporting member banks follows: Increase or Mar. decrease since 29, Mar. 30, Mar. 22; 1950 1949 1950 A S S E T S Loans and investments - total Loans - net Loans - gross Commercial, industrial, and agricultural loans Loans to brokers and dealers for purchasing or carrying: U. S. Government obligations Other securities Other loans for purchasing or carrying: U. S. Government obligations Other securities Real estate loans Loans to banks Other loans U. S. Government securities - total Treasury bills Treasury certificates of indebtedness Treasury notes U. S. bonds Other securities Reserve with Federal Reserve Banks Cash in vault Balances with domestic banks L I A B I L I T I E S Demand deposits adjusted Time deposits except Govt. U. S. Government deposits Interbank demand deposits: Domestic banks Foreign banks Borrowings Debits to demand deposit accounts, except interbank and U. S. Govt, accounts, during week *March 22 figures revised. (In millions of dollars) 443 66,563 +5,392 - 148 24,886 + 100 102 + 67 25,265 -1,114 13,790 53* 746 924 145 443 4,465 212 4,540 36,118 1,768 4,638 5,696 24,01.6 5,559 + 238 - 14 + 301 423 1 9 4 111 + 28* 584 432 - 144 39* + 31* + 41 60 10 382 96 + 689 +4,368 + 705 + 14 +4,769 -1,120 +1,172 + + + * + + 11,727 785 1,990 89 26 105 -2,161 + 46,162 15,416 2,810 8,608 1,248 458 306 5 + 60 382 40 + 60 +1,253 + 295 + 626 + 691 - 140 + 111 20,753 - - - - - - 6 ASSETS AMD LIABI ITIESOF WEEKLY REPORTING MEMBER BARKS IN LEADING CITIES, MARCH 29. 1950 F e d e r a 1 Re s e r v e D i s t r i Total all New Phila- Cleve- RichSt. Atlanta Chicago Louis districts Boston York delphia land mond (In millions of do]Liars) A S S E T S 2,210 3,042 21,387 2,829 66,563 4,675 2,702 2,469 9,273 Loans and investments - total 8,340 24,886 1,494 901 1,069 962 967 907 2,598 Loans - net# 819 415 494 5,105 519 637 1,595 Commercial, industrial, and agr'l loans 13,790 535 Loans to brokers and dealers for purchasing or carrying: — 1 41 1 746 U. S. Government obligations 675 15 9 8 10 10 6 29 29 924 743 54 Other securities Other loans for purchasing or carrying: 8 10 2 12 11 30 U. S. Government obligations 145 23 27 21 43 443 192 Other securities 19 19 12 53 7 148 4,465 109 219 198 521 303 78 Real estate loans 374 10 24 22 2 212 Loans to banks 37 99 9 5 1,126 267 220 4,540 245 456 Other loans 319 253 233 H. 4.2(a) 2,800 1,644 106 102 262 187 419 239 2,013 1,116 381 151 1,355 97 291 218 749 213 5,848 377 802 1,019 3,650 827 1,064 26 173 215 650 184 436 65 145 52 412 41 160 53 1,681 98 259 83 359 30 112 26 3,092 2,024 1,391 598 200 141 447 358 7 5 20 7 22 39 477 232 1,776 541 73 500 11 7 28 199 5,881 2,595 570 1,412 48 76 74 738 1,387 488 76 573 3 6 20 184 1,138 834 8,829 700 20,753 875 i.e., before deduction of valuation reserves. 689 3,077 565 U« S. Government securities - total Treasury bills Treasury certificates of indebtedness Treasury notes U. S. bonds Other securities 36,118 1,768 4,638 5,696 24,016 5,559 Reserve with Federal Reserve Banks Cash in vault Balances with domestic banks Other assets - net L I A B I L I T I E S Demand deposits adjusted Time deposits except Govt. U. S. Government deposits Interbank demand deposits: Domestic banks Foreign banks Borrowings Other liabilities CAPITAL ACCOUNTS Debits to demand deposit accounts, except interbank and U. S. Govt, accounts 11,727 785 1,990 1,139 46,162 15,416 2,810 8,608 1,248 458 1,248 6,254 1,792 11,244 1,507 140 468 73 1,020 187 191 228 194 1,724 986 1,300 8,032 181 1,803 355 444 51 92 75 4,575 174 125 425 456 44 99 56 2,431 16,193 2,166 480 2,471 429 122 169 854 266 2,647 355 12 1,032 30 6 312 46 699 33 314 329 2,478 — — 710 80 131 64 c t Minne- Kansas San apolis City Dallas Francisco 1,243 2,574 2,495 11,664 455 992 1,178 5,023 650 219 834 1,968 - - — — 3 6 9 3 5 78 4 11 140 1 187 7 40 97 4 17 204 8 21 2,200 3 876 663 1,336 1,184 111 82 13 104 249 276 218 119 176 427 650 758 246 125 133 5,681 173 896 927 3,685 960 461 32 242 26 448 37 295 55 1,546 120 259 209 802 1,873 254 393 79 99 278 731 1 3 6 14 17 13 102 211 1,991 438 70 597 7 17 210 6,546 5,338 357 444 89 4 240 780 688 675 2,349 — — 154 199 13 71 15 334 — —»
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