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BOARD OF GOVERNORS OF THE FEDER/L RESERVE SYSTEM (For Immediate Release) August 15, 1956 CONDITION OF MEEKLY 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 weak ended August 8: Decreases of $111 m i l l i o n in loans a d j u s t e d , $153 m i l l i o n in holdings of United S t a t e s Government s e c u r i t i e s , $lkO m i l l i o n i n balances with domestic banks, $128 m i l l i o n in demand deposits a d j u s t e d , and $71k m i l l i o n in United S t a t e s Government d e p o s i t s , and an i n c r e a s e of $255 m i l l i o n i n borrowings from Federal Reserve Banks. Commercial and i n d u s t r i a l loans decreased $9 m i l l i o n a t a l l r e p o r t i n g member banks; the p r i n c i p a l changes were a decrease of $30 m i l l i o n i n New York City and increases of $9 m i l l i o n each in the Boston and Atlanta D i s t r i c t s . Changes according to i n d u s t r y appear in another press r e l e a s e . Loans to brokers and d e a l e r s f o r purchasing o r carrying United S t a t e s Government and o t h e r s e c u r i t i e s decreased $127 m i l l i o n . "Other" loans increased $22 m i l l i o n . All c a t e g o r i e s of holdings of United S t a t e s Government s e c u r i t i e s decreased, with Treasury b i l l s decreasing $63 m i l l i o n , Treasury c e r t i f i c a t e s of indebtedness $25 m i l l i o n , Treasury notes $lk m i l l i o n , and United S t a t e s Government bonds $51 m i l l i o n . Holdings of "other" s e c u r i t i e s increased $57 m i l l i o n . Demand deposits a d j u s t e d decreased in ten D i s t r i c t s ; t h e p r i n c i p a l changes were decreases of $k9 m i l l i o n in the Chicago D i s t r i c t and £39 m i l l i o n in t h e S t . Louis D i s t r i c t , and an i n c r e a s e of $77 m i l l i o n in New York City* H.k.2 Increase or decrease since Aug# 10j Aug. 1, 1955 1956 (In m i l l i o n s of d o l l a r s ) Aug. 8, 1956 ASSETS Loans and investments a d j u s t e d l / Loans a d j u s t e d l / "* Commercial an3 i n d u s t r i a l loans A g r i c u l t u r a l loans Loans to brokers and dealers f o r purchasing o r c a r r y i n g s e c u r i t i e s Other loans f o r purchasing o r carrying s e c u r i t i e s Real e s t a t e loans 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 8ii,U02 50,8lU 28,282 kk5 -207 2,112 -127 - 8 + 7 l,2k7 8,678 10,886 25,825 k35 325 5,874 19,191 7,763 -111 - 9) + 2) + 22 -153 - 63 - 25 - Ik - 51 + 57 lit +6,653 2/+k,973 - kl6 + 53 2/+ 656 |/+1,522 -5,809 - 688 - k88 -2,771 -1,862 - 8 55 + 302 1,32b - k3 Loans to banks - 88 12,960 - 317 Reserves with Federal Reserve Banks + 21 Cash in v a u l t 936 15 - 110 2,267 -lkO 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 - 217 -128 55,128 + 9 + 3k3 Time deposits except U. S. Government 21,913 U. S. Government deposits -1,695 -71k l,5k7 + 16 10,U8l , 98 Interbank demand d e p o s i t s : Domestic banks + 182 1,617 + 23 Foreign banks +255* Borrowings: From Federal Reserve Banks + 175 570 1,096 + 17* + 398 From o t h e r s Exclusive of loans to banks and a f t e r deduction of valuation r e s e r v e s ; l individual loan items are shown g r o s s . 2/ October 5, 1955 r e c l a s s i f i c a t i o n increased commercial and i n d u s t r i a l loans $318 m i l l i o n and decreased r e a l e s t a t e loans and "other" loans $29k and $25 raillions, respectively. August 1 f i g u r e s r e v i s e d (San Francisco D i s t r i c t ) „ V ASSETS AND LIABILITIES OF WEEKLY REPORTING MEMBER BAMS IN LEADING CITIES. AUGUST 8, 1956 F e d e r a l R e s e r v e D i s t r i c t Total S t . Minne- Kansas San P h i l a - Cleve- RichNew All Dallas A t l a n t a Chicago Boston mond delphia Louis a p o l i s C i t y Francisco land York Districts ( I n m i l l i o n s of do]Liars) ASSETS 84,402 3,360 3,290 11,500 2,725 1,44^ 3,322 3,782 16,736 Loans and investments adjusted 1/ 3,783 25,148 3,237 6,074 6,040 1,627 50,8l4 2,449 16,401 2,254 3,310 Loans a d j u s t e d 1 / 1,793 1,768 879 1,781 2,454 10,058 28,282 1,460 10,743 1,176 1,620 826 823 449 Commercial and i n d u s t r i a l loans 4,037 963 3,754 933 1,498 16 14 10 102 1 1 234 445 27 15 A g r i c u l t u r a l loans 7 9 9 Loans t o b r o k e r s and d e a l e r s f o r 210 28 1,482 28 24 purchasing or c a r r y i n g s e c u r i t i e s 2,142 28 83 127 37 37 $3 5 Other loans f o r purchasing or c a r r y i n g 28 46 144 l4l 21 494 52 52 1,24? 13 25 175 56 securities 281 210 3,888 8,678 174 1,191 798 292 163 230 747 333 Real e s t a t e loans 371 10,886 1,213 476 234 425 564 1,901 610 583 732 572 2,777 799 Other loans U. S. Government s e c u r i t i e s - t o t a l 4,340 874 6,445 1,300 1,213 5,084 716 2,154 25,825 419 1,193 1,090 997 Treasury b i l l s 48 46 8 28 24 6 16 27 129 63 435 7 33 Treasury c e r t i f i c a t e s of indebtedness 8 28 12 19 32 19 51 27 58 325 57 5 9 Treasury n o t e s 260 112 182 1,122 603 138 219 396 1,057 5,874 297 1,155 333 U. S. bonds 8c6 3,888 3,216 780 5,104 743 585 778 967 293 19,191 559 1,472 Other s e c u r i t i e s 224 1,120 610 348 267 147 238 2,302 309 267 1,594 7,763 337 —— 12 10 11 29 72 38 1,324 Loans t o banks 303 13 774 55 7 464 4ll 2,114 1,850 494 542 921 207 12,960 548 Reserves with Federal Reserve Banks 4,389 513 507 46 46 42 208 14 62 111 36 50 151 Cash i n v a u l t 936 95 75 84 243 403 Balances with domestic banks 161 283 134 302 163 65 2,287 83 127 239 48 880 100 386 Other a s s e t s - n e t 134 98 76 25 2,129 157 73 97 55 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 55,428 2,893 17,533 2,336 4,066 2,545 :2,336 9,136 855 2,301 2,613 7,177 1,637 Time d e p o s i t s except U. S. Government 861 622 498 :1,778 3,218 294 566 21,913 4,398 743 673 569 7,693 U. S. Government d e p o s i t s 67 64 1,547 48 62 103 22 537 32 294 50 225 43 I n t e r b a n k demand d e p o s i t s : 462 440 908 10,48l 490 710 1,748 360 924 704 2,857 319 Domestic banks 559 4 4 20 18 1,284 11 11 10 1,617 30 45 177 3 Foreign banks Borrowings: 64 10 48 21 4 26 129 47 56 570 17 73 75 From F e d e r a l Reserve Banks 66 6 12 1,096 205 34 27 129 36 49 529 3 From o t h e r s 42 81 29 1,269 72 150 71 2,531 54 572 103 51 37 Other l i a b i l i t i e s 144 404 1,060 658 276 425 8,855 338 1,358 445 3,097 313 337 CAPITAL ACCOUNTS l / Exclusive of loans t o banks and a f t e r deduction of v a l u a t i o n r e s e r v e s ; i n d i v i d u a l loan items a r e shown gross. H.4.2(a)
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