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H.4.2 BOARD OF GOVERNORS OP fliE FEDERAL RESERVE &STEM (For ImmediatS Release) August 27, 1958 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 f o r the week ended August 20: An increase of $219 million i n loans adjusted; decreases of $368 million i n holdings of U. S. Government s e c u r i t i e s , $261 million in demand deposits adjusted-, $530 million in demand deposits credited t o domestic banks; and an increase of §275 million i n U, S, Government d e p o s i t s . Commercial and i n d u s t r i a l loans increased in a l l but one d i s t r i c t and a t o t a l of #237 million a t a l l reporting member banks. The p r i n c i p a l changes were $84 million i n New York City, $67 million i n the San Francisco D i s t r i c t , and $33 million in the Chicago D i s t r i c t , Changes according t o industry appear i n another press release. Holdings of Treasury b i l l s decreased $179 million of which $154 million was i n New York City, Holdings of Treasury c e r t i f i c a t e s of indebtedness decreased $91 million a t a l l reporting member banks. Demand deposits adjusted decreased $117 million i n the San Francisco D i s t r i c t , $80 million i n the New York D i s t r i c t , $56 million in the Richmond D i s t r i c t , but they increased $48 million i n the Kansas City D i s t r i c t . Time deposits decreased #54 million. Borrowings from Federal Reserve Banks increased $91 million and borrowings from others decreased $240 million. Loans to banks decreased $301 million, A summary of a s s e t s and l i a b i l i t i e s of reporting member banks follows: ASSET S Loans and investments adjusted ]J Loans adjusted 1 / Commercial and i n d u s t r i a l loans Agricultural loans Loans t o brokers and dealers f o r purchasing or carrying s e c u r i t i e s Other loans f o r purchasing or carrying securities 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. bends Other s e c u r i t i e s Loans t o banks Increase or August 2Q decrease since 1958 August 13, August 21, ...,1958 , , 1957 (In millions of d o l l a r s ) 94,756 52,045 29,358 574 9,059 11,195 33,297 1,651 4,540 7,005 9,414 1,342 55,323 28,392 4,518 11,426 1,592 192 837 loan items are shown gross. August 13 figures revised. + + 20,101 L I A B I L I T I E S Demand deposits adjusted Time deposits except U.S. Government U, S, Government deposits Interbank demand deposits: Domestic banks Foreign banks Borrowings: From Federal Reserve Banks From others 134 219 237 18 85 1,232 13,096 $9 2,500 * + + 1,809 Reserves with Federal Reserve Banks Cash in vault Balances with domestic banks V + — «_ - + + - +7,783 -2,019 -2,432 + 147 + 54 + 100 - 142 8 40 17 368 179 91* 45 53* 15 301 +'7,994 - 267 +2,958 +3,350 +1,953 +1,808 + 74 60 41 75 + 79 4 + 144 261 54 275 530 16 91 240 + 377 + 841 +4,782 +1,212 +1,125 - 194 - 390 + 29 individual ASSETS AMD LIABILITIES OF WEEKLY REPORTING MEMBER BANKS IN LEADING CITIES^ AUGUST 20, 1958 F e d e r a 1 "Reserve D i s t r i c t Total St. Minne- Kansas San RichPhilaCleveNew All Chicago Dallas Atlanta Boston City apolis Louis Francisco mond land York delphia Districts (In millions of dollars) ASSETS 4,084 28,637 3,466 6,617 3,736 3,691 12,445 2,920 1,622 3,756 4,48i 19,28l 94,756 Loans and investments adjusted l / 2,422 16,414 2,176 1,920 3,449 5,914 1,584 930 1,963 2 , 6 3 6 10,730 1,907 52,045 Loans adjusted l / 882 4,468 1,014 760 478 981 1,555 1,718 1,150 1,430 11,329 29,358 3,593 Commercial and industrial loans 8 8 2 10 2 14 289 167 17 13 7 37 574 Agricultural loans Loans to brokers and dealers for 28 188 24 116 58 1,809 28 1,139 51 52 39 79 purchasing or carrying securities Other loans for purchasing or carrying 40 40 11 185 130 217 36 43 1,232 51 13 391 75 securities 188 224 812 220 858 270 4,030 1,201 192 390 295 9,059 379 Real estate loans 480 244 1,220 650 451 630 657 2,773 1,977 737 11,195 777 599 Other loans 1,428 6,506 1,492 1,439 524 1,534 1,263 963 2,495 9,250 5,313 1,090 33,297 U. S. Government securities - total 84 24 144 11 62 87 83 130 50 83 1,651 538 355 Treasury b i l l s 662 161 236 234 162 1,360 105 902 137 51 159 371 4,540 Treasury c e r t i f i c a t e s of indebtedness 221 269 258 291 1 , 0 6 1 247 107 1,123 318 1,967 349 794 7,005 Treasury notes 1 , 2 6 8 825 342 1,025 4,351 776 20,101 700 677 947 3,235 570 5,385 U. S. bonds 246 168 1,218 324 311 2,045 365 673 345 9,414 347 399 2,973 Other securities 128 16 Loans to banks 30 43 52 690 38 34 252 1,342 13 37 9 Reserves with Federal Reserve Banks 506 209 502 1,880 433 572 2,229 909 509 541 4,347 459 13,096 42 161 C-ash in vault 62 83 111 209 36 49 49 15 53 969 99 Balances with domestic banks l4l 290 230 158 265 74 151 371 495 2,500 71 157 97 Other assets - net 2l6 89 41 67 502 85 107 2,830 136 1,301 36 155 95 LIABILITIES 862 2 , 4 2 6 2 , 6 8 9 9,166 4,034 2,535 2,312 7,216 l,68l 2,942 17,194 2,266 Demand deposits adjusted 55,323 664 744 1,294 9,834 922 941 3,631 718 2,039 678 6,550 28,392 377 Time deposits except U. S. Government 84 146 184 180 144 683 630 180 358 136 4,518 194 1,599 U. S. Government deposits Interbank demand deposits: 4l4 508 1,918 805 11,426 552 475 532 377 3,063 737 995 1 , 0 5 0 Domestic banks 4 2 21 12 176 11 32 1,246 23 51 5 9 1,592 Foreign banks HA. 2(a) Borrowings: From Federal Reserve Banks From others Other liabilities 10 2 1 83 25 27 23 7 84 6 470 43 25 17 49 3 212 1,584 52 69 70 3,186 119 71 155 748 483 3,552 425 309 CAPITAL ACCOUNTS 10,027 367 373 1,225 1 / Exclusive of loans to banks and after deduction of valuation reserves; individual loan items are shown gross. 192 837 1 13 39 171 7 24 45 390 14 61 491 6 89 709 1,493
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