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, BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM (For Immediate Release) August 9, 1950 CONDITION OF WEEKLY REPORTING MEMBER BANKS IN LEADINj 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 t h e week ended August 2 $ Decreases of $231,000,000 in holdings of United States Government s e c u r i t i e s , $202,000,000 i n demand deposits a d j u s t e d , and $258,000,000 in United S t a t e s Government deposits, and an increase of $21*0,000,000 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 $72,000,000 in New York City, $21,000,000 i n t h e San Francisco D i s t r i c t , $11,000,000 in the Boston D i s t r i c t , and $10,000,000 in t h e S t . Louis D i s t r i c t , and decreased $11,000,000 i n the Kansas City D i s t r i c t and $10,000,000 i n t h e Minneapolis D i s t r i c t ; t h e net i n crease at a l l r e p o r t i n g member banks was $111,000,000, Holdings of Treasury b i l l s decreased f>19l*,000,000; t h e p r i n c i p a l decreases were $53,000,000 in t h e San Francisco D i s t r i c t and 135,000,000 in 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 decreased #80,000,000 in the San Francisco D i s t r i c t and a t o t a l of $66,000,000 at a l l reporting member banks. Holdings of Treasury notes decreased $56,000,000 i n New York City and i n creased $70,000,000 at t h e San Francisco D i s t r i c t ; t h e r e was a net decrease of $1,000,000 at a l l reporting member banks. Holdings of "other s e c u r i t i e s " i n creased $1*0,000,000. Demand deposits a d j u s t e d decreased $92,000,000 i n the Chicago D i s t r i c t o u t side of Chicago, $55,000,000 i n New York City, $51*,000,000 i n t h e Cleveland Dist r i c t , and $11,000,000 in t h e Kansas City D i s t r i c t , and increased. # 0 , 0 0 0 , 0 0 0 i n t h e San Francisco D i s t r i c t . United States Government d e p o s i t s decreased and demand deposits c r e d i t e d t o domestic banks increased i n most d i s t r i c t s , A summary of the a s s e t s and l i a b i l i t i e s of report! ng member banks f o l l o w s : ASSETS Loans and investments - t o t a l Loans - net 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 to 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 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 Real e s t a t e loans Loans t o 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 Reserves with Federal Reserve Banks Cash i n vault Balances with domestic banks 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 d e p o s i t s : Domestic banks Foreign banks Borrowings Lebits t o demand deposit accounts, except interbank and U. S. Government, accounts, during week Increase or August decrease since 2, July 26, August 3 1950 19h9 1950 (In mil].ions of d o l l a r s ) 67,817 26,362 26,753 11,022 92*3 991 168 508 1*, 815 2ll* 5,092 35,196 1,831 2,131* 7,018 21,513 5,989 12,153 757 2,130 U8,26U 15,1*60 2,078 8,881* 1,256 li37 25,086 - 181 + 10 + 11 + 111 +l*,05i +3,203 +3# 288 +1,196 1 73 + 106 + 308 1* 7 21 90 32 231 191* 66 1 30 1*0 97 59 21* 58 + 71 + 672 50 +1,01*3 - 277 - 772 -3,582 +5,958 —1,881 +1,125 - 881 + 37 + 117 202 12 258 21*0 27 92 +1,982 + 163 + 367 + 351 - 108 + 57 MM - + + + + — - + + — + — — + + — H.U.2(a) ASSETS AND LIABILITIES OF WEEKLY REPORTING IBHBER BARKS IN LEADING CITIES, AUGUST 2\ 1950 Total all districts ASSETS Loans and investments - t o t a l Loans - netjj= Commercial, i n d u s t r i a l , and a g r ' l loans Loans to brokers and dealers f o r purchasing or carryingj U. S. Government obligations Other s e c u r i t i e s Other loans f o r purchasing or carrying: U, S. Government obligations 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 Be, 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 is with Federal Reserve Banks Cash i n Vault Balances with domestic banks Other a s s e t s - net 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 j Domestic banks Foreign banks Borrowings Other l i a b i l i t i e s CAPITAL ACCOUNTS Debits to demand deposit accounts, except Govt, accounts and 0 . S. interbank Boston F e d e r a l R e s e r v e D i s t r i c t San St. Minne- Kansas Dallas New Phila- Cleve- Rich- Atlanta Chicago Francisco Louis apolis City mond York delphia land (In millions of d o l l a r s ) 2,71*1 2,1*66 9,700 981* 937 2,781* 521* 1,688 1*36 2,221 982 1*92 2 5 2,810 1,032 525 1,758 1,555 823 67,81*7 26,362 Hi,022 3,056 1,175 693 21,717 9,017 5,229 Sh3 18 10 856 758 2 1*2 11 32 168 508 a,815 211* 12 17 182 7 -259 1,638 1*8 61 235 1,291* 21*3 1*7 3 7 123 . 1* 3U3 1,1*21 83 21 52 323 8 307 2,793 151 116 521 2,005 1*10 1,21*0 2,658 2,581 1*82 979 1,258 223 60$ 81*5 1* 23 2 6 12 1*8 89 59 11 18 232 10 381 1,597 97 75 322 1,103 160 1*1*6 737 63 75 160 11*2 81 52 12 23 88 9 293 1,312 83 131 31*1 757 217 387 39 176 57 23 59 396 5 519 5,99S> 1*95 1*61* 1,21*6 3,790 521 1,81*3 100 336 96 11 lit 215 3 252 1,01*9 52 62 256 679 190 351* 30 120 27 1* 3 12 5 156 89 2 5 2C& 161 628 1,1*22 188 10 128 37 322 H*7 781* 1*31* 130 257 206 1*79 30 13 283 87 16 34 16,711 2,11*6 1*58 2,539 121* 623 2,722 358 1,030 13 16 271* 36 752 319 2,519 3 , 2 8 9 2,11*1* 1,361 595 91 11*3 1*51 367 6 8 2 10 20 39 1*92 237 1,821 535 55 1*61* 11 1* 32 203 6,537 2,628 1*51 1,523 1*5 63 72 756 1,1*32 1*88 56 51*2 2 23 22 187 828 21*9 66 290 2 5 18 25,086 92? 11,096 958 1,1*05 909 , before deduction of valuation reserves» 786 3*596 661 435 991 3,092 35,1*96 1,831 2,131* 7,018 21*, 515 5,989 12,153 757 2,180 1,282 1*50 57 87 85 1*8,261* 15,1*60 2,078 8,881* 1,256 1*37 1,368 6,1*72 # 229 621 155 W6& 10,805 1*17 1*12 1,758 8,218 1,895 1**688 162 118 1*85 2,1*1*8 1*85 90 263 35 15 68 331 1 90 21*9 999 357 1*57 ho id* r <» # * W ^ A 11,899 5,197 i,9Ul id* 12 1*7 105 237 1,201 108 125 292 9 25 2,285 6 978 5,635 lM 1,329 676 3,77k 1*76 33 309 'ill 11*2 1,067 61 258 229 1,932 2,078 2*33 392 60 72 631* 831* 1 9 17 21 19 225 217 6,898 5,297 21*7 1*36 9b 8 269 882 833 781
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