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BQdRD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM (For Immediate Release) August 27, 1947 CONDITION OF T.EEKLY REPORTING KEMBER BANKS IN LEADING CITIES The condition statement of weekly r e p p r t i n g member banks in 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 20t Increases of $195,000,000 in loans and $206,000,000 in demand deposits a d j u s t e d , and a decrease of $180,000,000 i n demand deposits 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 i n n e a r l y a l l d i s t r i c t s and $63,000,000 a t a l l r e p o r t i n g member banks. Loans t o brokers and dealers f o r purchasing or carrying United S t a t e s Government s e c u r i t i e s increased $76,000,000 i n New York City and $73*000,000 a t a l l reporting member banks. Real e s t a t e loans increased $19,000,000 i n the San Francisco D i s t r i c t and $23,000,000 a t a l l r e p o r t i n g member banks. "Other loans" increased $27,000,000." Holdings of Treasury b i l l s decreased $22,000,000 in New York City, $15,000,000 i n the Richmond D i s t r i c t , and $Ul,000,000 a t a l l reporting member banks, and increased $19,000,000 i n the Cleveland 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 declined $20,000,000, and holdings of Treasury notes increased $31,000,000. Holdings of United S t a t e s Government bonds decreased $29,000,000 i n New York City, $17,000,000 i n t h e Cleveland D i s t r i c t , and $31,000,000 a t a l l r e p o r t i n g member banks. Demand d e p o s i t s a d j u s t e d increased $97,000,000 in New York City, $32,000,000 in t h e San Francisco D i s t r i c t , $30,000,000 i n the Cleveland D i s t r i c t , and $28,000,000 i n the Kansas C i t y D i s t r i c t . United S t a t e s Government deposits increased $34,000,000. Demand deposits c r e d i t e d t o domestic banks decreased i n n e a r l y a l l d i s t r i c t s . Borrowings decreased $56,000,000 in New York City and $U6,000,000 a t a l l r e p o r t ing member banks, A summary of the a s s e t s and l i a b i l i t i e s of reporting member banks follows 1 H.U.2 Increase or decrease si&ce Aug. Aug. id l Aug# 15f 20, 1916 1947 19U7 ( I n millions of d o l l a r s ) + 133 -4,777 63,616 + +3,462 20.892 195 + 63 +2,958 12,301 t ASSETS Loans and investments - t o t a l Loans - t o t a l Commercial, i n d u s t r i a l , and a g r i c u l t u r a l loans Loans t o brokers and dealers f o r purchasing or carrying1 U, S, Government obligations Other s e c u r i t i e s Other loans f o r purchasing or c a r r y i n g : U. S. Government o b l i g a t i o n s Other s e c u r i t i e s Real e s t a t e loans Loans t o banks Other loans Treasury b i l l s Treasury c e r t i f i c a t e s of indebtedness Treasury notes U. S, bonds Other s e c u r i t i e s 60b 465 U96 U82 3,137 251 3,156 608 4,305 2,611 30,973 4,22? Reserve with Federal Reserve Banks Cash i n v a u l t Balances with domestic banks 11,945 735 2,298 L I A B I L I T I E S Demand deposits a d j u s t e d Time deposits except Govt. U, S, Government d e p o s i t s Interbank demand deposits* Domestic banks Foreign banks Borrowings 46,780 Ik,462 905 9,261 1,392 225 Debits t o demand deposit accounts, except interbank 18,013 and U. S, Govt, accounts, d u r in g we e k + - + + + + • • + + - + + + + 73 3 - 253 181 13 15 23 10 27 41 20 31 31 1 - 878 58 +1,013 + 61 + 800 21 39 65 + 355 + 4o 59 206 21 34 180 32 46 +1,276 + 760 -6,280 - L88 + 43 6 - 322 -5,957 -2,795 + 588 + 2i*7 ASSETS AND LIABILITIES OF WEEKLY REPORTING MEMBER BANKS IN LEADING CITIES, AUGUST 20, 1947 Total MinneCleve- RichAll Dallas Boston New PhilaFrancisco Louis York delphia land mond districts (In millions of dollars) ASSETS Loans and investments - t o t a l 6$-, 61*6 2,838 21,956 2,1*98 1,255 2,527 2,320 8,649 2,038 1,121* 2,1*18 2,11*1* 10,879 81*0 It,089 731 809 721* 2,1*91 375 723 782 1,320 Loans - t o t a l 20,8^2 935 7,073 1,71*5 1*76 209 557 1*52 1*12 1,699 31*0 1*1*7 1,612 750 602 Commercial, industrial, & agr'l loans 12,301 Loans to brokers and dealers for purchasing or carryings 8 1 1 31* 2 29 16 U. S. Government obligations 601; 513 23 2 7 1 * 5 31* 6 18 21 7 329 Other securities 465 9 Other loans for purchasing or carrying* 1*8 20 1*2 15 35 31* 1*7 103 89 35 19 U. S. Government obligations 496 9 12 41* 6 61* 35 17 20 31* 213 15 7 15 Other securities 482 1,629 76 282 131* 1*9 56 99 207 15U 261* 78 109 Real estate loans 3, 137 1 — 11 1* 1 2 6 7 5 214 Loans t o banks 251 130 591 119 163 162 325 161 94 211 212 825 163 Other loans 3,156 116 21* 60 10 131* 11* 19 21* 9 30 155 13 Treasury b i l l s 605 1,238 228 292 27 223 90 715 11*6 112 195 866 Treasury c e r t i f i c a t e s of indebtedness 1*»3g5 173 127 1*37 1*02 67 155 135 127 120 92 810 71* Treasury notes 2,6^1 95 821* 4,252 81*6 581* 991 1,506 11,613 1,21*8 2,323 1,382 1,035 lt,369 U. S. bonds 30,973 101 61 747 189 11*9 121 192 538 316 258 116 1,1*39 Other securities 1**227 1*67 1,746 206 528 381 1*39 1,618 1*79 1*65 739 501* It, 373 Reserve with Federal Reserve Banks 11,945 118 12 27 26 30 1*0 60 72 1*0 95 158 57 Cash in vai It 735 288 2 97 111* 309 83 183 375 158 157 90 105 139 Balances with domestic banks 2,298 l?2 27 51 25 15 85 52 68 1*9 62 56 397 Other assets - net 1,059 L I A B I L I T I E S 6,769 1,708 1,807 750 Demand deposits adjusted 1*6,780 2,369 17,372 2,030 2,922 2,037 1,768 5,931 1,317 4,984 21*6 373 2,1*06 385 1*70 610 551 1*22 1,307 Time deposits except Govt* 14,462 1+96 2,212 28 129 1*0 11* 36 187 51* 37 267 23 53 U. S, Government deposits 905 37 471 587 309 957 1*69 1,555 554 1*61* 31*5 Interbank demand deposits $ Domestic banks 9,261 331 279 2,91*0 1 54 5 1* 7 3 31 7 10 Foreign banks 1,392 20 1,21*5 10 6 1 * 2 1* 19 9 ul 5 6 110 8 Borrowings 225 H* 138 ll* 16 22 13 56 16 25 37 Other l i a b i l i t i e s 396 a 181 657 179 165 96 652 172 207 i*bd 302 2,376 CAPITAL ACCOUNTS 5,762 313 H.U.2(a) - Debits to demand deposit accounts, except interbank and U.S.Govt, accounts 18,013 737 7,105 61*2 1,031 637 600 2,61*1* 509 395 754 — - 6ot* 2,355
@FedFRASER