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. . H«l*»2 BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM (For Immediate Release) August 17, 19l*9 CONDITION OF WEEKLY REPORTING MEMBER BANKS IN LEADING CITIES The condition statement of weekly reporting member banks i n leading c i t i e s shows the following p r i n c i p a l changes for t h e week ended August 10; Increases of $371,000,000 in holdings of United States Government s e c u r i t i e s , $369,000,000 in United S t a t e s Government deposits, and $3.58,000,000 in demand deposits credited to domestic banks, and a decrease of $152,000,000 i n borrowings. 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 in nearly a l l d i s t r i c t s and a t o t a l of $80,000,000 a t a l l reporting member banks; t h e p r i n c i p a l i n creases were $38,000,000 i n New York City and $20,000,000 i n the Kansas City District. Holdings of Treasury b i l l s decreased $1*0,000,000, Holdings of Treasury c e r t i f i c a t e s of indebtedness increased $222,000,000 in New York City, and by smaller amounts in nearly a l l of the other d i s t r i c t s ? t h e t o t a l increase at a l l reporting member banks was $326,000,000. Holdings of United S t a t e s Government bonds increased $58,000,000. " Demand deposits adjusted decreased $67,000,000 i n New York City and $25,000,000 in the San Francisco D i s t r i c t ; they increased $25,000,000 i n the Kansas City Dist r i c t and $21,000,000 in the S t . Louis D i s t r i c t ; the net decrease a t a l l reporting member banks was $ll*, 000,000. United S t a t e s Government deposits increased $23li,000,000 i n New York City and by smaller amounts in a l l of the other d i s t r i c t s . Demand deposits c r e d i t e d t o domestic banks increased i n most of the d i s t r i c t s . Borrowings decreased $120,000,000 i n New York City and $36,000,000 i n the Chicago D i s t r i c t . 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 f o l l o w s j ASSETS Loans and investments - t o t a l Loans - net Loans - gross Conmercial, 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 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 carrying 1 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 to 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 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 a d j u s t e d Time deposits except Govt. U. S. Government deposits Interbank demand d e p o s i t s : Domestic banks Foreign banks Borrowings Debits to demand'deposit accounts, except interbank and U. S. Govt, accounts, during week 3 revised f i g u r e s (Boston D i s t r i c t ) * August Increase or decrease since Aug, 11, Aug. 191*8 1919 (In m i l l i o n s of d o l l a r s ) + 61*,207 1*11 +1,173 + 23,178 - 855 19 + 18 23,1*83 - 792 + 12,906 80* -1,907 Aug. 10, 191*9 808 609 223 1*58 1,161 272 1*, 01*6 36,11*1* 2,563 6,01*2 1,087 26,152 1,885 12,868 762 2,111 1*6,268 15,290 • 2,080 8,691 1,358 228 18,191 — - + + + - + — + + + + — + + — - + + — - 29 71* + 1*67 + 157 3 21* 18 8 3* 371 1*0 326 27 58 21 166 1*2 78 - 27 1*1* + 271* + 22 + 266 +1,1*81* + 1*82 +1,831* -1,1*55 + 623 + 51*1* - 31*7 1*1 - Ill* 11* 7 3 69 158 6 152 + + + 1*38 392 610 291 27 86 H.4.2(a) ASSETS AND LIABILITIES OF WEEKLY REPORTING MEMBER BANKS IN LEADING CITIES, AUGUST l p , 1949 F e d e r g1 1 R e s e r \r e Da . s t r j c t Total RichCleveSt. New P h i l a MinneAll Atlanta Chicago Boston York delphia land mond Louis apolis districts (In millions of do]Liars) ASSETS Loans and investments - t o t a l 2,902 21,078 2,602 4,479 2,578 2,116 64,207 2,322 9,017 1,211 Loans - net# 808 766 2,543 23,178 967 7,815 874 1,405 839 435 Commercial, i n d u s t r i a l , and a g r ' l loans 12,906 806 582 4,848 466 227 440 1,595 446 354 Loans t o brokers and d e a l e r s f o r purchasing or carrying: — U. S. Government obligations 808 1 2 746 9 41 6 Other s e c u r i t i e s 6 16 6 609 23 7 490 29 5 3 Other loans f o r purchasing or carrying: IL S . Government obligations 11 2 12 10 85 223 13 19 33 9 Other s e c u r i t i e s 8 210 17 11 19 25 458 33 54 5 Real e s t a t e loans 282 69 171 4,161 420 199 135 65 94 343 Loans t o banks 8 2 82 136 272 19 1 9 5 3 Other loans 210 282 218 202 219 129 991 412 4,046 243 U* S« Government s e c u r i t i e s - t o t a l 2,711 1,627 1,119 5,756 673 1,745 11,798 1,404 1,351 36,144 120 88 Treasury b i l l s 117 138 578 2,563 835 46 95 99 Treasury c e r t i f i c a t e s of indebtedness 211 6,042 123 130 299 855 215 305 1,930 325 Treasury notes 218 1,087 17 30 42 239 99 37 46 41 U. S, bonds 8,815 1,131 2,175 1,258 770 890 4,084 480 26,452 1,303 Other s e c u r i t i e s 718 205 190 158 4,885 1,465 103 363 324 143 mmwm Reserve with Federal Reserve Banks Cash i n v a u l t Balances with domestic banks Other a s s e t s - n e t L I A B I L I T I E S Demand deposits a d j u s t e d Time deposits except Govt. U. 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 12,868 762 2,141 1,150 46,268 15,290 2,080 8,691 1,358 228 1,044 6,169 483 50 84 73 5,037 163 117 447 472 43 89 55 2,376 16,219 2,032 483 2,423 451 67 55 1,034 274 2,724 352 10 32 1,149 178 9 3 626 27 46 323 2,489 313 789 76 140 67 478 65 170 50 429 41 192 51 1,837 101 327 92 403 29 123 25 3,060 2,063 1,373 599 154 53 375 432 6 4 2 23 20 34 225 469 1,764 545 39 460 11 26 190 6,147 2,590 358 1,445 48 1 63 722 1,401 485 34 575 3 2 17 179 591 2,345 480 Debits t o demand d e p o s i t accounts, except interbank and U. S. Govt* accounts 620 671 18,191 650 8,061 931 #Indivictual loan items are reported gross, i . e . , before deduction of valuation r e s e r v es. ***** Kansas Dallas San City Francisco 2,405 2,311 859 1,005 542 674 —• 7 4 5 14 11 37 130 89 3 169 194 1,322 1,184 122 90 317 304 67 44 816 746 122 224 —«•» 11,186 4,862 1,926 3 13 10 28 2,164 4 777 5,454 235 1,028 207 3,984 870 488 35 278 52 1,727 115 256 197 843 1,844 1,949 251 384 435 31 35 34 768 524 299 6 1 2 1 16 16 13 101 199 203 6,570 5,271 186 463 86 9 140 756 656 2,321 217 12 92 15 503 32 273 26 MM- 324 541
@FedFRASER