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H.l*.2 BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM (For Immediate Release) August 17, 1955 CONDITION OF WEEKLY REPORTING MEMBER BANKS IN LEADING CITIES The condition statement of weekly r e p o r t i n g member banks i n leading c i t i e s shows the following p r i n c i p a l changes f o r the week ended August 10: Decreases of $31*1 m i l l i o n i n holdings of United S t a t e s Government s e c u r i t i e s , $370 m i l l i o n in reserve balances with Federal Reserve Banks, $220 m i l l i o n i n demand deposits adj u s t e d , and $31*0 m i l l i o n i n United S t a t e s Government d e p o s i t s . 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 i n a l l but one d i s t r i c t , and a t o t a l of $20l* m i l l i o n a t a l l reporting member banksj the p r i n c i p a l changes were i n c r e a s e s of $80 m i l l i o n i n New York City, $52 m i l l i o n in the Chicago D i s t r i c t , $23 m i l l i o n i n t h e San Francisco D i s t r i c t , $15 m i l l i o n i n the Cleveland D i s t r i c t , and $12 m i l l i o n i n t h e Boston D i s t r i c t . Changes according t o i n d u s t r y appear i n another p r e s s r e l e a s e . Loans t o brokers and d e a l e r s 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 decreased $217 m i l l i o n . Holdings of Treasury b i l l s and c e r t i f i c a t e s of indebtedness decreased $37 m i l l i o n and $119 m i l l i o n , r e s p e c t i v e l y . Holdings of Treasury notes decreased $77 m i l l i o n i n Chicago, $1*2 m i l l i o n i n the Cleveland D i s t r i c t , and a t o t a l of $ l 6 l m i l l i o n . Holdings of United S t a t e s Government bonds decreased $2l* m i l l i o n ; t h e p r i n c i p a l changes were a decrease of $68 m i l l i o n i n New York City and an increase of $71* m i l l i o n i n Chicago. Holdings of "other" s e c u r i t i e s decreased $172 m i l l i o n , of which $59 m i l l i o n was i n the San Francisco D i s t r i c t and $51 m i l l i o n i n New York City. Demand deposits a d j u s t e d decreased $237 m i l l i o n i n New York City and $1*3 m i l l i o n i n the Boston D i s t r i c t , but they increased by small amounts i n seven d i s t r i c t s . Demand d e p o s i t s c r e d i t e d t o domestic banks increased $138 m i l l i o n . Borrowings from Federal Reserve Banks decreased $1+07 m i l l i o n , but borrowings from others increased $200 m i l l i o n . Loans t o banks increased $135 m i l l i o n . A summary of 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 : Increase or Aug. decrease since 10, Aug. 11, Aug. 3, 1955 1955 1951 ASSETS ( I n m i l l i o n s of d o l l a r s ) Loans and investments adjusted-!/ Loans 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 Loans t o brokers and d e a l e r s f o r purchasing or carrying s e c u r i t i e s Other loans f o r purchasing or carrying s e c u r i t i e s Real e s t a t e loans Other loans 8U,ltl6 hh,l6h 23,751 -1*62 + 5i +201* +1,696 +6,092 +2,925 2,558 1,197 8,025 9,36 7 -217 + 7 + 32 + 27 + 11*9 + 280 +1,259 +1,561 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 31,631 1,123 813 8,61*5 21,053 8,618 -31*1 - 37 -119 -161 - 21* -172 -1,755 -2,1*55 -3,1*1*3 +1,955 — 812 + 359 Loans to banks Reserves with Federal Reserve Banks Cash i n v a u l t Balances with domestic banks 1,022 13,277 951 2,397 +135 -370 + 39 + 25 + + - 55,61*5 21,570 3,21,2 10,579 1,1*35 395 698 -220 + 18 -310 +138 - 36 -1*07) +200) +1,518 + 357 - 365 - 782 1*75 371 10 232 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 U. S. Government 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: From Federal Reserve Banks From o t h e r s + 110 + 300 1 / 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 ; individual loan items a r e shown g r o s s . ASSETS AMD LIABTT.TTIES OF WEEKLY REPORTING MEMBER BANKS IN LEADING CITIES. AUGUST 10, 1955 R e s e r v e Dj s t r i c t F e d e r a 1 Total San Cleve- Rich- Atlanta Chicago S t . Minne- Kansas Dallas New P h i l a All Boston | York delphia Louis a p o l i s City mond Franciscc land Districts (In millions of dol]Lars) ASSETS 6,004 84,4l6 16,359 3,371 3,237 11,560 2,717 1,466 3,415 3,733 Loans and investments a d j u s t e d l / 3,771 25,538 3,245 1,642 1,518 784 1,642 2 , 2 6 9 4,924 1,484 8,454 2,760 44,164 2,131 14,550 2,006 Loans adjusted l / 402 862 2,880 1,312 970 1,462 8,746 1,013 715 3,453 749 1,190 Commercial, i n d u s t r i a l , and a g r ' l loans 23,754 Loans t o brokers and d e a l e r s f o r 21 20 48 20 13 130 17 50 247 purchasing or carrying s e c u r i t i e s 3 32 1,957 2,558 Other loans f o r purchasing or carrying 18 24 124 41 50 27 481 71 173 30 59 99 1,197 securities 146 274 203 156 771 330 297 1,223 3,349 384 657 8,025 Real e s t a t e loans 235 488 1,674 614 215 445 376 494 692 473 953 Other loans 538 2,405 9,367 6,142 2,608 988 521 1,415 1,214 1,459 1,39% 898 1,246 U. S. Government s e c u r i t i e s - t o t a l 8,350 5,399 31,634 60 86 10 124 20 85 89 125 403 13 1,123 51 57 Treasury b i l l s 8 161 11 207 24 20 25 201 27 50 44 Treasury c e r t i f i c a t e s of indebtedness 35 813 176 458 1,815 279 485 1,491 378 1,904 217 296 8,645 793 353 Treasury notes 850 4,034 1,666 1,022 798 648 327 774 3,658 5,842 579 U. S. bonds 21,053 855 161 250 1,763 245 270 636 358 341 8,618 325 1,237 Other s e c u r i t i e s 394 2 , 6 3 8 20 18 14 84 11 167 40 6 31 29 1,022 Loans t o banks 15 587 2,128 216 1,964 431 489 565 4,446 5 0 6 563 Reserves with Federal Reserve Banks 911 504 13,277 554 48 48 42 14 149 120 34 78 212 Cash i n v a u l t 50 91 65 951 288 421 128 318 283 100 174 238 162 Balances with domestic banks 138 75 72 2,397 126 49 25 67 45 Other a s s e t s - n e t 357 71 135 102 788 85 91 1,941 L I A B I L I T I E S Demand deposits a d j u s t e d Time deposits except U. S. Government 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: From Federal Reserve Banks From others Other l i a b i l i t i e s CAPITAL ACCOUNTS 55,645 21,570 3,242 2,862 17,634 608 4,324 1,233 153 2,417 504 121 4,012 1,745 228 2,515 2,327 632 731 88 121 7,332 1,715 3,194 556 88 563 10,579 1,435 326 34 2,943 1,099 436 21 512 9 471 10 688 11 1,744 395 22 60 91 423 30 406 1,087 2,977 23 28 55 385 14 59 74 622 24 4 42 311 31 1 42 290 102 38 122 1,002 698 2,128 8,312 49 907 2,367 286 559 111 54 107 8,938 7,595 375 2,619 836 64l 4 361 3 976 2 886 17 595 176 27 36 37 29 37 10 31 314 18 1 43 384 38 47 479 1,205 262 8 25 137 1/ Exclusive of loans t o banks and a f t e r deduction of valuation reserves; individual loan items are shown gross, L ' » 3 , . t •
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