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H,4.2 BOARD OF GOVERNORS OF THE FEDERAL R^EKVE SYSlEM (For Immediate R e l e a s t i August 18, 1948 CONDITION OF ViiElCiy REPORT!HQ lEA^jtiG gITIES The c o n d i t i o n s t a t e m e n t of weekly r e p o r t i n g mdinSer t a n k s i n l e a d i n g c i t i e s shows t h e f o l l o w i n g p r i n c i p a l changes f o r t h e week ended August l i t Ah i n c r e a s e of $235*000,000 i n loans and a d e c r e a s e of $371,000,000 i n h o l d i n g s of United S t a t e s Government o b l i g a t i o n s , of which $222,000,000 was i n T r e a s u r y b i l l 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 i n c r e a s e d $103,000,000 i n New York C i t y , $44,000,000 i n t h e San Francisco D i s t r i c t , $15,000,000 i n t h e Chicago D i s t r i c t , and $192,000,000 a t a l l r e p o r t i n g member banks. Loans to brokers and d e a l e r s f o r p u r c h a s i n g or c a r r y i n g United S t a t e s Government s e c u r i t i e s i n c r e a s e d $70,000,000 i n New York C i t y and a t a l l r e p o r t i n g member banks. Loans t o brokers and d e a l e r s f o r p u r c h a s i n g or c a r r y i n g o t h e r s e c u r i t i e s d e c r e a s e d $58,000,000, Holdings of Treasury b i l l s decreased $226,000,000 i n New York C i t y , $54,000,000 i n t h e San F r a n c i s c o D i s t r i c t , $47,000,000 i n Chicago, and $222,000,000 a t a l l r e p o r t i n g member banks, and i n c r e a s e d i n a l l of t h e o t h e r d i s t r i c t s . Holdings of Treasury c e r t i f i c a t e s of indebtedness decreased $82,000,000. Holdings of United S t a t e s Government bonds decreased $29,000,000 i n New York C i t y , $21,000.,000 i n t h e New York D i s t r i c t o u t s i d e of New York C i t y , and $70,000,000 a t a l l r e p o r t i n g member b a n k s , . Demand d e p o s i t s a d j u s t e d decreased $67,000,000 i n New York C i t y , $65,000,000 i n t h e San F r a n c i s c o D i s t r i c t , $56,000,000 i n Chicago, and $74,000,000 a t a l l r e p o r t i n g member b a n k s , and i n c r e a s e d $55*000,000 i n t h e Kansas C i t y D i s t r i c t , $32,000,000 i n t h e Chicago D i s t r i c t o u t s i d e of Chicago, and $22,000,000 i n the P h i l a d e l p h i a D i s t r i c t * United S t a t e s Government d e p o s i t s i n c r e a s e d $84,000,000, and demand d e p o s i t s c r e d i t e d t o domestic banks i n c r e a s e d $96,000,000, A summary of t h e 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 ; ASSETS Loans and i n v e s t m e n t s - t o t a l Loews - n e t Lo%ns ? 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 t o b r o k e r s and d e a l e r s f o r p u r c h a s i n g 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 p u r c h a s i n g 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 Real e s t a t e loans Loans t o banks Other l o a n s 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 n o t e s U. S, bonds Other s e c u r i t i e s Reserve w i t h F e d e r a l Reserve Banks "Cash i n v a u l t Balances w i t h domestic banks 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 Time d e p o s i t s e x c e p t Govt, U, S, Government d e p o s i t s I n t e r b a n k demand d e p o s i t s t Domestic banks Foreign banks Borrowings Debits t o demand d e p o s i t a c c o u n t s , except i n t e r b a n k and U.S, Govt, a c c o u n t s , d u r i n g week #See f o o t n o t e on f o l l o w i n g page. I n c r e a s e or August decrease since H, Aug, k, Aug, 13, I9U8 19W w ( I n m i l l i o n s of d o l l a r s ) 63,032 136 - 481 + +3,342 21,039 235 + 235 2^,281 +3,461 + 192 11,819 +2,515 3kl + 70 58 U52 250 502 3,887 250 3,780 34,652 2,081 4,208 2,5U2 25,821 4,341 13,215 801 2,255 46,703 14,897 1,470 8,981 1,385 142 19,108 6 1 14 8 16 371 222 82 3 70 - - + + + - + - - + + + + 190 16 202 58 15 - 259 + 34 + 761 + 9 + 607 -3,936 +1,432 - 117 68 -5,183 + 113 +1,291 + 27 - 108 74 7 84 96 15 12 + 129 + 456 + 599 - 46o + 25 - 129 ~ + + - ASSETS AND1 LIABILITIES OF WEEKLY REPORTING 1MIBER 'BANKS' IN - LEADING OIT-IES, AUGUST 11, 1948 = "— -Total " " "F -e d' -e r a- l"• TiR -e -s e -r v—e ~ D ^ i s t r i c t " Linne-|Kansas} Mew Phila- C leve-t Rich- Atlanta Chicago S t , All Dallas i San Boston I Francisco a o o l i s j City | Louis mond York delphia land districts (In millions of dollars) ASSETS 1,172 2^400 2,269 11,120 8,722 2,045 20,713 2,552 4,561 2,554 2,507 Loans and investments - t o t a l 2,819 63.032 926 451 855 1,025 4,860 8,068 844 798 2,759 1,077 905 1,491 21*,059 Loans - netif 1,886 706 2,115 250 556 926 526 588 492 545 716 Corsmercial, i n d u s t r i a l & agr* 1 loans lit, 819 5,715 Loans t o brokers and dealers f o r purchasing or carryings l 2 11 14 3 U.S. Government obligations 306 3la 4 11 2 6 48 16 7 4 15 7 Other s e c u r i t i e s 8 323 5 452 Other loans f o r purchasing or carrying? 22 18 26 22 17 19 7 250 13 9 4 U.S. Government obiigations 44 49 12 12 42 6 221 53 16 25 £9 25 56 502 9 Other s e c u r i t i e s 2,058 86 125 152 260 65 550 127 I97 59 85 Real e s t a t e loans 365 3,887 — 1 2 1 22 1 5 191 8 250 5 Loans t o banks 7 9 108 171 691 206 198 155 218 185 588 1,000 201 265 -Other loans 3,780 972 657 1.559 1,125 5,495 11,518 1,569 2,524 1,579 1,318 U. S. Government s e c u r i t i e s - t o t a l 1,605 5,555 34,652 126 121 28 112 50 47 505 2,081 "Treasury b i l l s 54 90 45 984 139 186 1,051 285 105 211 520 129 269 229 Treasury c e r t i f i c a t e s of indebtedness 115 208 4,208 904 122 115 505 120 501 128 57 139 Treasury notes 105 85 95 572 2,542 818 5,815 768 698 469 876 4,029 U.S. bonds 1,130 8,858 1,061 2,065 1,258 25,821 121 206 767 608 84 145 191 151 Other s e c u r i t i e s 278 1,527 546 137 4,341 1,807 49° 229 511 1,872 505 156 575 498 Reserve with Federal Reserve Banks 5,185 508 797 13,215 121 102 51 15 51 54 67 60 44 I69 85 801 Cash i n vault 44 282 118 295 295 89 152 541 165 197 123 105 Balances with domestic banks 2,255 99 201 46 15 50 25 52 89 520 Other a s s e t s - net 69 47 56 1,233 83 L I A B I L I T I E S 6 r 875 6,114 1,519 855 1,792 1*911 16,692 2,050 5,028 2,059 1,765 2,307 Demand deposits a d j u s t e d 46,703 411 5,104 250 581 2,474 54o 2,4)7 1.552 592 475 444 it 89 Time deposits except Govt. 14,*97 42 177 65 82 264 29 111 62 48 45 102 1,470 445 U.S.Government deposits 562 825 458 468 295 564 580 1,494 272 478 552 2,855 8,981 Interbank demand deposits:Domestic banks 2 2 1 80 28 4 12 1,215 7 Foreign banks 24 5 5 1,395 — — — 21 5 15 88 5 142 7 3 Borrowings 16 156 16 15 16 15 2lt 27 615 1,021 57 54 54 Other l i a b i l i t i e s 191 707 181 682 I89 215 96 175 2,415 469 318 505 CAPITAL ACCOUNTS 5,937 H.4.2(a) Debits t o demand deposit accounts, except interbank and U.S.Govt.accounts $See footnote on previous page. 19,108 762 7,627 i & 1,018 658 S 1,019 t 609 2,562 0 554 566 742 585 & ./ r 2,626
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