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H.U.2
BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM
(For Immediate Release)
August 11, I9I48
CONDITION OF TjEEKLY REPORTING MEMBER BANKS IN LEADING CITIES
The c o n d i t i o n statement of weekly reporting member banks i n leading c i t i e s
shows the f o l l o w i n g p r i n c i p a l changes, f o r the week ended August in An increase
of $137,000 ,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 loans, a decrease of
$192,000,000 i n loans 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 , and increases of $261,000,000 i n holdings of Treasury b i l l s and
$2514,000,000 in/d&poiWs c r e d i t e d t o domestic banks.
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 increased $65,000,000 in New
York City, $23,000,000 i n the San Francisco D i s t r i c t , and $22,300/000 i n the
Chicago D i s t r i c t . Loans t o brokers and dealers f o r purchasing or carrying United
States Government s e c u r i t i e s decreased $155*000,000 i n New York C i t y and
$177,000,000 a t a l l reporting member banks.
Holdings of Treasury b i l l s increased $250,000,000 i n New York City and
$32,000,0.00 i n the San Francisco D i s t r i c t , and decreased $31,000,000 i n the Chicago
D i s t r i c t . Holdings of Treasury c e r t i f i c a t e s of indebtedness decreased i n nearly
a l l d i s t r i c t s and the t o t a l decrease a t a l l reporting member banks was $130,000,000.
Holdings of Treasury notes increased $65*000,000. Holdings of United States Government bonds decreased $39,000,000 i n New York City and $U3,000,000 a t a l l reporting
member banks e
Demand deposits adjusted decreased $83,000,000 i n Chicago D i s t r i c t outside of
Chicago, $52,000,000 i n the Kansas City D i s t r i c t and $62,000,000 a t a l l reporting
member banks and increased $63,000,000 i n the San Francisco D i s t r i c t and
$51,000,000 i n Chicago. Demand deposits credited t o domestic banks increased
in a l l d i s t r i c t s .
Borrowings decreased $62,000,000 i n New York City and $70,000,000 a t a l l reporting member banks and increased $26,000,000 in Chicago.
A summary of the a s s e t s and l i a b i l i t i e s of reporting member banks f o l l o w s :
Aug.
u.
W
Increase or
decrease since
July 28, Aug. 6 ,
19U8
19U7
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 to brokers and dealers
f o r purchasing or carrying;
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 carryings
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
( I n m i l l i o n s of d o l l a r s )
1+61
63,168
85
+3,lk2
23,80U
55
+3,261
2ii,0ti6
5U
+2,2^69
137
lli,627
Reserve w i t h 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 adjusted
Time deposits except Govt,
U. S. Government d e p o s i t s
Interbank demand deposits1 Domestic banks
Foreign banks
Borrowings
13,013
Debits .to demand d e p o s i t accounts, except interbank
and U 1 S, Govt, accounts, during week
#5ee
footnote on following page.
271
510
256
503
3,873
2U2
3,76k
35,923
2,303
14,290
2,539
25,891
u,?ia
7h3
2,2140
1+6,777
1U,890
1,386
8,885
l,}70
130
20,569
+
-
-
+
-
+
+
+
+
177
-
3h5
16
3
15
26
12
153
261
-
253
h
130
+
+
+
-
11
31
763
27
+ 612
-3,712
+1,577
-
65
9h
92
h3
-5,103
-
13
+
+
25
73
66
+1,092
-
-
+
62
25
+ 1*6
+ 25k
25
70
mm
-
109
+
-
22
15
+
+
-
32
W18
559
386
-
105
+
I4O
H.4.2(a)
2*832
23,8C4
1,076
720
7,889
5,611
271
510
- 5
228
352
256
13
17
127
2
199
1,621
136
230
123
1,132
135
495
56
97
82
50?
3*873
2h2
3 , 7 64
35,023
2,303
4,290
2,539
25,891
4,341
13,013
743
2,2it0
1,222
44
221
358
179
993
11,631
1,193
927
603
8,908
14,890
1,386
8,885
1,370
130
1,018
5,930
804
492
523
920
2
12
18
6
10
22
24
197
9
205
1,573
38
210
82
1,243
131
489
61
154
47
21
35
63
7
183
17
4
9
84
8
262
1,357
75
105
105
1,072
278
53
23
259
31
217
2,523
108
230
123
2,062
347
771
81
153
68
2,008
445
58
342
13
7
25
303
3,e47
1,332
99
473
5
53
318
16,758
2,398
434
2,862
1,199
60
617
2,413
33
467
593
77
358
5
1
17
21k
799
8,858
719
1,152
674
f
2,284
2,544
84o
383
9G2
4,391
1,521
471
40
loo
53
6
*
2,537
1,328
5,098
156
119
520
2,305
490
95
271
24
46,777
CO
9
<8
63,168
"% Debits t o demand d e p o s i t accounts, except
interbank and U.S.Govt, accounts
20,569
iffSee
footnote on previous page.
D i s t r i c t
c h i
H w
Minneapolis ! T t
s
a
San
/ h l l a s Francisco
( I n millions of d o l l a r s )
i
ASSETS
Loans and investments - t o t a l
Loans - net#
Commercial,industrial & agr*l loans
Loans t o brokers and dealers f o r
purchasing or carryings
U.S. Government obligations
: Other s e c u r i t i e s
Other loans for purchasing or carrying)
Government obligations
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
T re&sury note s
U„ S. bonds
Other s e c u r i t i e s
R e s F e d e r a l Reserve Banks
Cash i n vault
Balances with domestic banks
Other a s s e t s - net
% I A B I L I T I E S
Demand deposits adjusted
-Time "deposits except Govt,
tJ»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
Other l i a b i l i t i e s
CAPITAL ACCOUNTS
f e d e r a l
R e s e r v e
Phila- tCleveAtlanta
delphiaj land
New
York
l!
-
Total
All
Boston
districts
8
•
2,030
A
2,023
1,169
11,175
2,743
1,871
918
537
2,379
850
551
2,21*9
428
250
1,019
7CG
4,814
13
67
3
5
2
4
8
26
18
12
151
2
197
959
35
132
91
8
6
59
12
7
124
18
42
87
106
154
658
1,323
27
108
286
110
819
206
8,737
69
I90
329
1
391
5,382
327
535
497
4,023
612
442
41
185
49
1,751
541
46
1,290
31
252
131
876
446
7
5
146
103
58
470
83
1,875
97
356
87
374
225
6,138
2,475
1,313
473
38
550
701
29
1,492
22
33
2,035
2
687
5,593
180
1,093
503
3,817
768
1,781
110
302
202
1,737
381
1,916
4c4
6,940
5,108
162
289
3
821
1
8
51*2
439
78
13
— *»
2
170
1,113
45
187
113
768
117
500
31
284
46
8
12
834
250
27
2
29
492
29
284
28
12
90
15
116
25
250
1
2,069
60
4o
4
2
16
12
182
31
58
679
173
96
188
191
135
706
625
2,961
54o
389
725
630
2,497
23
*
*
1
t
16
-
*.
@FedFRASER