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BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM
a.U.2
(For Immediate Release)
A p r i l 7 , 1948
CONDITION OF WEEKLY REPORTING MEMBER 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 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 31: Decreases of
$1,0)6,000,000 i n holdings of United S t a t e s Government s e c u r i t i e s and $1,051,000,000
i n demand d e p o s i t s a d j u s t e d .
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 $19,000,000 i n New
York C i t y , $8,000,000 each i n the Boston, Cleveland, and Chicago D i s t r i c t s , and
$67,000,000 a t a l l r e p o r t i n g member banks. Loans f o r purchasing or carrying United
States Government and o t h e r s e c u r i t i e s increased $106,000,000, l a r g e l y i n New York
City. "Other loans" increased $27,000,000*
Holdings of Treasury b i l l s decreased $306,000,000 i n the City of Chicago,
$279,000,000 i n New York C i t y and $658,000,000 a t a l l r e p o r t i n g member banks. Holdings of Treasury c e r t i f i c a t e s of indebtedness decreased $96,000,000 i n t h e Chicago
D i s t r i c t , $24,000,000 i n the San Francisco D i s t r i c t , and $162,000,000 a t a l l r e p o r t ing member banks. Holdings of Treasury notes decreased $121*,000,000 i n t h e C i t y
of Chicago and $162,000,000 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 decreased $54,000,000.
Demand d e p o s i t s a d j u s t e d decreased $956,000,000 i n the City of Chicago and
$1,051,000,000 a t a l l r e p o r t i n g member banks. Time deposits decreased $17,000,000.
United S t a t e s Government d e p o s i t s increased $143,000,000.
Demand d e p o s i t s c r e d i t e d t o domestic banks increased $197,000,000 i n the City
of Chicago, and decreased $182,000,000 i n New York C i t y and by smaller amounts i n
most of t h e other d i s t r i c t s ; t h e n e t decrease was $188,000,000.
Borrowings decreased $129,000,000 in New York C i t y and $62,000,000 a t a l l r e p o r t i n g member banks, and increased $66,000,000 in t h e City of Chicago.
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 follows«
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 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
Treasury b i l l s
f r e a s u r y 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
L I A B I L I T I E S
Demand deposits a d j u s t e d
Time d e p o s i t s except Govt.
U. S. Government deposits
Interbank demand d e p o s i t s : Domestic banks
Foreign banks
Borrowings
Debits t o demand d e p o s it accounts, except interbank
and U. S. Govt, accounts, during week
Increase or
decrease since
March
Apr. 2 ,
Mar. 24,
31,
1947
1918
w
( I n m i l l i o n s of d o l l a r s )
62,221
- 758
-1,011
23,453
Hi,417
+
*
494
411
+
+
286
475
3,615
215
3,54o
+
1,272
3,745
2,305
-
+
.
-
+3,433
63
61
30
7
•
5
39
27
658
162
162
54
7
221
27
46
27,111
-
4,335
12,145
752
-
45,340
14,733
1,370
8,375
1,341
1,051
~
17
+
143
188
25
62
2,237
360
20,769
•
+
*
+2,11*6
36
-
+
32
67
-
280
22
+
36
+
580
+ 876
+ 646
-1,291
- 510
-3.196
+ 226
+
+
+
+
978
46
48
858
1*62*
529
852
20
13
CITIES, MaKOri 31, X9U8
ASSETS AND LIABILITIES OF TJEEKLY' REPORT IN G MEMBER BANKS IN LEADING
t r i c t
Dotal
Kansasl
I Phila- Icieve- Rich- Atlanta C h i c a g o L o u i s | MinneAll
IFrancisco
a p o l i s | city
IdelphiaJ land mond
districts
(In millions of dollars)
11,053
!,013 1,125 2,307 2,161
2,533 2,292 8,163
,462 4,297
21,027
2,788
62,221
Loans and investments - t o t a l
4,666
1,011
807
419
2,665
933
834
82?
864 1,189
1,088
7,850
23,453
2,002
Loans - t o t a l
703
525
253
1,82$
563
521
409
897
505
5,486
730
Commercial, industrial, & agr»1 loans 14,417
Loans to brokers and dealers for
6
purchasing or carrying*
2
- 18
— —
16
2
436
14
494
U.S. Government obligations
8
6
2
3
4
29
6
6
12
13
315
411
7
Other s e c u r i t i e s
21
Other loans for purchasing or carrying*
16
10
16
9
38
22
25
54
5
56
286
14
U.S. Government obligations
12
35
40
14
5
70
22
35
15
8
204
15
475
Other s e c u r i t i e s
1,933
118
79
146
54
314
74
178
239
72
288
120
3,615
2
1
Heal e s t a t e loans
2
4
2
5
4
42
15
132
6
215
166
659
Loans to banks
139
92
186
368
169
188
214
244
182
933
3,540
Other loans
152
101
5
6
36
160
16
38
49
39
80
590
1,272
1,023
Treasury b i l l s
155
251
67
97
343
162
195
206
1,020
90
136
3,745
Treasury c e r t i f i c a t e s of indebtedness
530
89
143
50
84
279
151
160
89
70
529
131
2,305
3,965
Treasury notes
808
785
504
716
911 4,088
1,292
1,242
9,596 1,143 2,061
27,111
717
116
U. S. bonds
197
628
147
79
185
125
332
256
1,442
111
4,335
Other s e c u r i t i e s
1,772
457
471
209
358
1,567
431
477
796
466
4,661
480
12,145
124
Reserve with Federal Reserve Banks
30
29
13
27
91
41
62
41
79
159
56
752
280
247
272
Cash in vault
82
124
245
171
146
146
272
145
107
2,237
182
Balances with domestic banks
43
25
14
24
82
47
62
61
59
391
83
1,073
Other a s s e t s - net
LIABILIT I E S
6,785
1,288
765 1,749 1,810
4,928
2,011 1,712
16,972 2,017 3,001
2,302
45,340
Demand deposits adjusted
5,112
388
388
252
473
2,449
548
598
421 1,321
2,287
496
14,733
Tims deposits except Govt.
185
66
43
31
242
44
42
109
79
64
407
58
1,370
U.S. Government deposits
411
487
696
255
54o
1,524
466
332
436
2,646
329
253
Interbank demand deposits{Domestic banks 8,375
61
1
2
4
3
30
9
6
12
5
1,188
20
Foreign banks 1,341
5
11
30
5
242
l
21
6
28
11
360
167
Borrowings
14
13
10
16
24
59
17
36
31
581
1,025
57
Other l i a b i l i t i e s
685
192
186
98
171
180
674
214
465
301
2,401
317
5,884
CAPITAL ACCOUNTS
H.U.2(a)
' —
Debits t o demand deposit accounts, except
20,769
interbank and U.S.Govt, accounts
800
8,657
745
1,138
633
654
3,747
567
332
—
650
610
2,236
@FedFRASER