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H.l**2 BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM (For Immediate Release) August 1, 1951 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 July 25: Decreases of $162,000,000 in loans and $152,000,000 in reserve balances with Federal Reserve Banks; increases of $210,000,000 in holdings of United States Government securities and $61*3,000,000 in demand deposits adjusted; and decreases of $395,000,000 in demand deposits credited to domestic banks and $325,000,000 in borrowings. Commercial, industrial, and agricultural loans decreased in most districts and a total of $89,000,000 at all reporting member banks; the principal decreases were $36,000,000 in New York City and $16,000,000 in the San Francisco District. Holdings of Treasury bills increased $52,000,000 in the Boston District, $1*0,000,000 in the Dallas District, $31,000,000 in the Richmond District, and a total of $175,000,000 at all reporting member banks. Holdings of Treasury certificates of indebtedness decreased $1*0,000,000. Holdings of Treasury notes increased $123,000,000 at all reporting member banks, of which $50,000,000 was in New York City. Holdings of United States Government bonds decreased $18,000,000. Demand deposits adjusted increased $275,000,000 in New York City, $159,000,000 in the Chicago District, and by smaller amounts in all of the other districts. United States Government deposits decreased $11+9,000,000. Borrowings decreased $21+8,000,000 in New York City and $68,000,000 in the Chicago District. A summary of assets and liabilities of reporting member banks follows; Increase or decrease since July 10, July 26, 1950 1951 (in mi]Llions of dollars) +2,086 + 29 70, llii +6,138 -162 32,509 +6,208 -162 32,969 +5,035 18,91*6 - 89 July 25, 1951 ASSETS Loans and investments - total Loans - net Loans - gross Commercial, industrial, and agricultural loans Loans to brokers and dealers for purchasing or carrying s 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 Reserves with Federal Reserve Banks Cash in vault Balances with domestic banks LIABILITIES Demand deposits adjusted Time deposits except Govt. U. S. Government deposits Interbank demand deposits: Domestic banks Foreign banks Borrowings + 1*9 - 5 - 1*89 - 78 135 575 5,565 1*35 5,872 30,91*9 2,500 1,1*99 7,503 19,1*1*7 6,656 11*, 091 863 2,320 + 10 - 3 + 19 -128 - 15 +210 +175 - 1*0 +123 - 1*8 - 19 -152 + 5 -113 - 29 + 7h + 771 + 131 + 793 -it, 778 + 1*75 - 701 + 1*81* -5,036 + 726 +1,81*1 + U7 + 161* 50,535 15,791* 3,100 9,361* 1,266 383 +61*3 - 15 -11*9 -395 + 1 -325 +2,069 + 322 + 761* + 720 + 37 - ll*6 155 986 Debits to demand deposit accounts, except interbank and U. S. Government accounts, during week 23,637 ASSETS AMD 'LIABILITIES' GF WEEKLY REPORTING MEMBER BANKS IN LEADING CITIES, JULY 25, 1951 Federal Reserve District Total | St. Minne- Kansas San NewiPhila- Cleve- Richall Dallas Francisco Atlanta Boston Chicago Louig City apolis land mond York jdelphia districts .llions (In mi! ASSETS 2,841 2,822 5,004 2,544 9,975 2,322 1,221 2,756 2,651 12,501 70,114 3,202 22,275 Loans and investments - total 594 1,194 1,421 6,337 32,509 1,510 11,082 1,324 2,020 1,157 1,071 3,636 1,163 Loans — net $ 617 322 618 2,362 774 974 2,642 758 1,166 547 981 7,185 Commercial, industrial, and agr'l loans 18,946 Loans to brokers and dealers for purchasing or carrying! , 11 6 3 1 2 49 388 5 U.S. Government obligations 455 8 21 86 7 6 12 7 3 29 23 775 986 9 Other securities Other loans for purchasing or carrying! 6 11 2 17 12 11 12 9 5 10 36 135 U. S. Government obligations 4 26 6 60 48 14 14 24 64 41 250 7 21 575 Other securities 120 2,563 167 110 251 91 471 387 233 820 147 205 5,565 Real estate loans 6 16 37 23 22 5 13 4 11 18 236 44 435 Loans to banks 272 1,117 262 626 231 153 320 309 288 390 349 1,555 5,872 Other loans 988 493 1,299 1,063 4,906 30,949 1,438 8,958 1,150 2,494 1,518 1,247 5,395 U.S. Government securities - total 156 174 87 247 207 90 346 34 223 85 693 158 2,500 Treasury bills 167 18 81 73 84 92 364 158 22 47 319 74 1,499 Treasury certificates of indebtedness 262 1,524 402 140 1,322 249 566 1,802 217 349 434 236 7,503 Treasury notes 572 3,041 566 301 571 631 3,363 826 1,547 915 970 6,144 19,447 U.S. bonds 167 1,258 263 171 166 226 134 944 . 490 348 2,235 6,656 254 Other securities 225 497 1,890 430 555 536 508 473 2,153 914 552 5,358 14,091 Reserves with Federal Reserve Banks 137 36 106 41 14 88 48 73 34 182 46 58 863 Cash in vault 260 365 336 79 119 197 313 106 173 146 102 124 2,320 Balances with domestic banks 238 67 16 29 57 44 95 79 560 54 55 97 1,391 Other assets - net LIABILITIES 835 2,068 2,189 7,213 50,535 2,651 17,267 2,165 3,544 2,266 1,964 6,831 1,542 Demand deposits adjusted 418 440 5,530 600 232 484 523 2,666 434 1,385 477 2,605 Time deposits except Govt. 15,794 80 482 110 78 622 80 123 59 258 133 952 U.S. Government deposits 123 3,100 626 862 498 296 590 496 1,559 482 387 403 302 2,863 9,364 Interbank demand deposits! Domestic banks 85 2 7 2 1 8 11 7 42 13 1,266 33 1,055 Foreign banks 50 — — — 11 3 46 16 3 216 33 383 5 Borrowings 28 28 242 88 19 30 24 31 48 36 80 978 1,632 Other liabilities 926 251 236 788 109 204 248 214 336 490 340 2,563 6,705 CAPITAL ACCOUNTS H.4.2 (a) — Debits to demand deposit accounts, except 863 861 1,536 23,637 963 9,581 interbank and U.S. Govt, accounts # Individual loan items are reported gross i.e. before deduction of valuation reserves. 793 3,288 658 391 926 860 2,917
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