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BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM (For Ipnediate Release) August k $ 19^8 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 J u l y 28: A decrease of $119,000,000 i n loans, an - , increase of $113,000,000 i n demand deposits a d j u s t e d , and a decrease of $130,000,000 in 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 decreased $16,000,000 in the Cleveland D i s t r i c t and $12,000,000 a t a l l r e p o r t i n g member banks, and increased $9,000,000 i n New York C i t y , 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 $71,000,000. Treasury b i l l s increased $60,000,000 i n the Chicago D i s t r i c t and $1*5,009,000 a t a l l r e p o r t i n g member banks, and decreased $23,000,000 i n the Kansas City 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 decreased $27,000,000. Holdings of " e t h e r s e c u r i t i e s " increased $21,000,000 i n t h e San Francisco D i s t r i c t and $36,000,000 a t a l l r e p o r t i n g member banks. Demand deposits a d j u s t e d increased $71,000,000 i n t h e City of Chicago, $67,000,000 i n the Chicago D i s t r i c t outside Chicago,$40,000,000 i n t h e Richmond D i s t r i c t , and $113,000,000 a t a l l r e p o r t i n g member banks, and decreased $64,000,000 in New York City and $$2,000,000 i n the Dallas D i s t r i c t . Time deposits decreased $25,000,000. United S t a t e s Government deposits decreased $22,000,000. Demand d e p o s i t s c r e d i t e d t o domestic batiks decreased in most of the d i s t r i c t s , the p r i n c i p a l decreases being $47,000,000 i n New York C i t y and $22,000,000 i n the San Francisco D i s t r i c t . Borrowings decreased $29,000,000 a t a l l r e p o r t i n g member banks. 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 follows: July 28, 19W A S S E IS Loans and investments - t o t a l Loans - ftet Loans - 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 brokers and dealers f o r purchasing 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 purchasing or c a r r y i n g : U. S,, Government obligations Othe r s e c u r i t i e s Real e s t a t e loans Loans to banks 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, bonds Other s e c u r i t i e s Reserve with Federal Reserve Banks Cash i n v a u l t Balances with 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 deposits except Govt. 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 Debits to demand d e p o s i t accounts, except interbank and U, S, Govt, accounts, coring week f'See footnote on following page, Increase or decrease since July 2 1 , July 30, .1948 19147 ( I n millions of d o l l a r s ) 63,083 23,859 24,100 14,490 448 506 272 506 3,858 268 3,752 34,870 2,042 - 92 119 118 12 - - + + - + - + 32 39 — 6 15 60 4 9 45 27 4,420 2,474 25,934 4,354 12,988 816 2,174 - - 60 46,839 14,915 i,34o + 113 25 22 130 26 - + + + - 8,631 - 200 - 1,395 + 10 17 36 66 24 29 - 396 +3,351 +3,469 +2,457 - 125 16 - 250 +. 4 + 767 + 33 + 599 *3,869 +i,4o4 - - 115 157 -5,001 + 122 +1,073 + 39 - 306 + 612 60 + 481 - 337 + 87 + 8 19,771 (Revised f i g u r e previous week 21,765), ASSETS AMD LIABILITIES OF "WEEKLY RBPORTIFglaEiiBER BANKS IH LEADING Clxlcjb, 28, i^4t) s t r i c d e r a l R e s e r v e D i Total 1 San Kansas Dallas MinneSt* u i e ve« RichP h i l a Kew All Chicago A t l a n t a Boston Francisco J i t y | Louis a p o l i s mond d e l p h i a land York districts ( I n m i l l i o n s of d o l l a r s ) ASSETS 1,170 2,404 2,241 11,135 8,733 2,033 4,361 2 , 5 2 6 2 , 2 9 0 20,828 2,525 Loans and investments - t o t a l 2*837 63,083 4,792 848 1 , 0 1 2 426 822 2,709 807 914 1,502 892 1,080 8,055 Loans - n e t ^ 23,859 2,o46 246 697 550 1,849 533 911 494 C o m m e r c i a l , i n d u s t r i a l & agr* 1 loans 377 524 721 5,542 14,490 Loans t o b r o k e r s and d e a l e r s f o r purchasing or c a r r y i n g ; 8 2 25 l 2 14 11 385 U.S. Government o b l i g a t i o n s 448 12 2 7 4 5 6 44 16 17 7 8 378 506 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 : 21 18 26 7 22 19 24 9 lit 53 272 4 U.S. Government o b l i g a t i o n s 55 1 2 6 35 43 13 24 6 9 36 220 23 16 506 9 Other s e c u r i t i e s 2,037 1 2 4 84 151 326 59 65 81 258 196 127 352 3,858 Real e s t a t e loans 1 l 7 6 6 2 10 3 2 7 223 268 Loans t o banks 680 1 6 8 1 0 7 153 195 228 183 387 261 196 197 3,752 997 Other loans 6 6 1 1,346 1 , 1 1 3 5,574 973 1,622 11,437 1,353 2,513 1,573 1,293 5,412 m*, S . Government s e c u r i t i e s - t o t a l 314,870 148 126 30 49 41 32 358 44 96 Treasury b i l l s 2,0£*2 130 53 935 1 , 1 03 1 9 6 290 105 132 221 561 256 Treasury c e r t i f i c a t e s of indebtedness 231 134 232 4,420 959 5 02 115 98 56 131 472 90 66 123 126 Treasury notes 96 2,474 599 3,821 815 770 4,021 710 470 874 2,063 1,242 U. S. bonds 1,13k 8,944 1*070 25,934 116 210 769 612 146 83 1 9 0 131 280 346 Other s e c u r i t i e s 1,336 135 4 , 354 1,752 2 2 4 484 504 1,852 383 488 434 788 472 5,108 Reserve Tilth Federal Reserve Banks 12,988 499 130 102 14 31 35 31 67 88 44 170 60 816 44 Cash i n v a u l t 278 281 283 1 0 6 84 172 347 100 154 118 155 Balances w i t h dosaestic banks 2,1'Th 96 46 27 199 15 25 85 48 56 67 501 Other a s s e t s - n e t 55 1,203 79 L I A B I L I T I E S 6,877 841 1,789 1 , 9 0 5 3,060 2,039 1,762 6 , 1 7 0 1,339 16,730 2 , 0 1 2 2,315 46,839 Demand d e p o s i t s a d j u s t e d 5,106 4oi 381 2 5 0 2,475 473 541 2,431 593 445 1*330 439 14,915 Time d e p o s i t s except Govt. 152 61 2 7 246 39 35 76 44 92 «13 57 1,340 98 U.S.Government d e p o s i t s 436 8 0 9 536 2 7 8 420 1,448 537 328 345 456 2,779 8,631 259 Interbank demand deposits:Domestic banks 1 78 2 4 28 3 7 Forei gn banks 5 13 1,225 5 24 1,395 6 2 — 15 3 15 3 9 14 119 lit 200 or rowings 132 1 2 13 15 16 61 25 16 25 628 34 1,032 Other l i a b i l i t i e s 55 707 191 189 9 6 173 180 6 7 6 214 46? 302 2,400 CAPITAL .iCCOUETS 317 5,912 H.U.2(a) 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, accounts $See f o o t n o t e on previous page. 19,771 809 8,246 727 1*181 659 611 # 2,732 it 563 351 814 679 2,395
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