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. . H.U.2 BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM (For Immediate Release) August 3, 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 principal changes for the week ended July 27 $ Increases of #211,000,000 in demand deposits adjusted and $210,000,000 in United States Government deposits, and a decrease of $221,000,000 in demand deposits credited to domestic banks. Commercial, industrial, and agricultural loans increased $22,000,000 in the San Erancisco D i s t r i c t , decreased $10,000,000 in the Atlanta D i s t r i c t , and showed only minor changes in the other d i s t r i c t s ; the net increase at a l l reporting member banks was $16,000,000, the f i r s t increase since the week ended January 12,1949. Holdings of Treasury b i l l s decreased $80,000,000 in New York City, $27,000,000 in the San Francisco D i s t r i c t , and $23,000,000 in the Minneapolis D i s t r i c t , and increased $61,000,000 i n Chicago and $28,000,000 in the Cleveland D i s t r i c t ; the net decrease at a l l reporting member banks was $1*,000,000. Holdings of Treasury c e r t i f i c a t e s of indebtedness increased $30,000,000* Holdings of United States Government bonds increased $52,000,000. Holdings of "other securities" increased $38,000,000 in New York City, $19,000,000 i n the St. Louis District, and a t o t a l of $64, 000,000 at a l l reporting member banks. Demand deposits adjusted increased $56,000,000 in the Chicago District outside of Chicago, $1*8,000,000 in the Richmond D i s t r i c t , and $47,000,000 in the Cleveland D i s t r i c t . The principal increase in United States Government deposits was $118,000,000 in New York City. Demand deposits credited to domestic banks decreased in a l l d i s t r i c t s . Borrowings increased $85,000,000 i n New York City and decreased $25,000,000 in the Minneapolis D i s t r i c t ; the net increase at a l l reporting member banks was $61,000,000. A summary of the assets and l i a b i l i t i e s of reporting member banks follows: Loans and investments - total Loans - net Loans - gross Commercial, industrial, and agricultural loans Loans to brokers and dealers for purchasing or carryingj U. S. Government obligations Other securities Other loans for purchasing or carrying: U. S. Government obligations Other securities Real estate loans Loans to banks Other loans U. S. Government securities - total 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 securities 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 adjusted * Time deposits except Govt. U. S. Government deposits Interbank demand deposits* Domestic banks Foreign banks Borrowings^ Digitized forDebits FRASER to demand deposit accounts, except interbank and U. S. Govt, accounts, during week July 27, 19U9 Increase or decrease since July 28, July 20, 191*8 1949 63,U58 23,031 23,336 12,891 + + + + 19l* 47 1*7 16 + 375 - 828 - 761* -1,599 718 631 + 30 33 + 270 + 125 3 3 7 1 26 83 1* 30 5 52 61* 153 33 112 1*8 73 + 283 18 + 296 + 720 + 568 +1,185 -1,1*71 + 1*38 + 483 5o 28 - 112 211 15 210 221 13 61* + + 224 433 4,141 250 4,048 35,590 2,610 5,605 1,003 26,372 1*,837 12,938 788 2,062 16,683 15,309 1,040 8,300 1,361* 1*81* 19,262 - + + + + + — + + + + + + — + - + - + + 156 391* 300 331 31 281* Total All districts F e d e r a l R e s e r v e D i s t r i c t San Minne- Kansas Phila- Cleve-I Rich- Atlanta Chicago St. Dallas Francisco B6ston- | City delphia land J mond Louis apolis (In millions of dollars) 2,118 1,218 2,409 2,289 11,099 2,302 8,863 2,846 20,755 2,576 4,444 2,539 868 840 1,021 4,863 781 2,466 427 863 1,448 797 974 7,683 521 683 1,942 222 818 457 351 442 1,592 457 593 4,813 a s s e t s 63,458 Loans and investments - t o t a l 23,031 Loans - net# Commercial, industrial, and a g r ' l loans 12,891 Loans t o brokers and dealers for purchasing or carrying: 657 718 7 U. S, Government obligations 6 501 631 Other s e c u r i t i e s Other loans for purchasing or carrying: 11 79 224 U. S. Government obligations 193 15 433 Other s e c u r i t i e s 412 135 4,141 Real estate loans 20 154 250 Loans t o banks 206 984 4,048 Other loans 1,686 11,609 35,590 U. S, Government s e c u r i t i e s - t o t a l 978 76 2,610 Treasury b i l l s 277 1,640 5,605 Treasury c e r t i f i c a t e s of indebtedness 184 1,003 40 Treasury notes 1,293 8,807 26,372 U. S, bonds 186 1,463 4,837 Other s e c u r i t i e s 12,938 495 5,177 Reserve with Federal Reserve Banks 168 788 55 Cash in vault 88 107 2,062 Balances with domestic banks 426 73 1,124 Other assets - net _L _ A : I L I T I E S 2,367 16,531 46,683 Demand deposits adjusted 483 2,445 15,309 Time deposits except Govt. 389 1,040 34 U. S. Government deposits 270 2,675 Interbank demand deposits: Domestic banks 8,300 31 1,155 Foreign banks 1,364 346 3 484 Borrowings 617 1,040 47 Other l i a b i l i t i e s 322 2,475 6,150 CAPITAL ACCOUNTS Debits to demand deposit accounts, except 723 8,258 interbank and U. S, Govt, accounts 19,262 i . e . , before deduction § Individual loan items are reported gross, 1 24 14 17 281 1,397 112 125 31 1,129 316 471 42 83 53 12 39 27 19 281 196 25 3 219 246 2,639 1,600 104 133 203 269 97 42 2,140 1,251 142 357 774 473 81 66 157 145 65 48 2,025 450 58 329 11 14 27 311 3,116 2,045 1,374 599 80 43 421 335 6 5 12 11 20 33 468 224 2 7 94 8 628 770 1,098 of valuation reserves. — 3 1 5 34 35 1 5 20 54 343 16 404 5,693 564 822 231 4,076 704 1,838 100 329 88 10 11 11 214 1,079 71 194 40 774 171 382 29 111 25 7 14 5 11 38 5 88 130 65 2 5 201 167 129 687 1,346 1,147 66 47 148 312 142 299 20 69 44 817 738 478 121 223 104 230 485 495 32 13 35 267 276 77 52 25 15 25 189 6,183 2,594 169 1,380 48 60 65 719 1,410 485 29 532 3 10 17 179 859 1,852 1,953 251 384 435 28 27 47 748 273 499 1 2 5 — 2 5 13 15 15 200 203 101 6,573 5,263 113 428 85 21 146 759 583 2,674 528 614 2,284 8 15 24 68 6 229 1,319 69 306 39 905 202 413 43 165 51 1,769 546 23 410 12 — 168 357 745 3 14 10 29 2,161 768 5,388 242 1,016 166 3,964 843 1,705 124 257 203
@FedFRASER