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STATEMENT FOR THE PRESS ftfrm F, R, 281* For immediate r e l e a s e Board of Governors of tfye F e d e r a l Reserve Sywtem December 12, I9UI* C o n d i t i o n of Weekly Reporting Member Banks i n Leading C i t i e s The c o n d i t i o n s t a t e m e n t of weekly r e p o r t i n g member banks i n 101 l e a d i n g c i t i e s shows t h e f o l l o w i n g p r i n c i p a l changes f o r t h e week ended December 6s I n c r e a s e s of $938,000,000 i n l o a n s , $2,552,000,000 i n holding? of United S t a t e s Government o b l i g a t i o n s , and $ 5 , 9 8 6 , 0 0 0 , 0 0 0 i n United S t a t e s Government d e p o s i t s ; and a d e c r e a s e of $2,715,000,000 i n demand d e p o s i t s a d j u s t e d . Commercial, i n d u s t r i a l , and a g r i c l u t u r a l loans i n c r e a s e d $108,000,000. Loans t o o t h e r s than b r o k e r s and d e a l e r s f o r p u r c h a s i n g or c a r r y i n g United S t a t e s Government o b l i g a t i o n s i n c r e a s e d i n a l l d i s t r i c t s , t h e p r i n c i p a l i n c r e a s e s b e i n g $31*8,000,000 i n New York C i t y , $153,000,000 i n t h e Chicago D i s t r i c t , and $59,000,000 i n t h e Cleveland D i s t r i c t ; t h e t o t a l i n c r e a s e was $771,000,000# Holdings of T r e a s u r y b i l l s i n c r e a s e d i n n e a r l y a l l d i s t r i c t s and t h e t o t a l i n c r e a s e a t a l l r e p o r t i n g member banjks was $377,000,000, Holdings of T r e a s u r y c e r t i f i c a t e s of i n d e b t e d n e s s i n c r e a s e d i n t h e c i t i e s of New York find Chicago, and dec l i n e d i n n e a r l y a l l d i s t r i c t s 5 t h e n e t d e c r e a s e a t a l l r e p o r t i n g member banks was $37,000,000, Holdings of T r e a s u r y n o t e s i n c r e a s e d i n a l l d i s t r i c t s and the t o t a l i n c r e a s e was $ 1 , 5 6 1 , 0 0 0 , 0 0 0 . Holdings of United S t a t e s Government bonds a l s o i n c r e a s e d i n a l l d i s t r i c t s and t h e t o t a l i n c r e a s e was $633#000,000. Demand d e p o s i t s a d j u s t e d d e c l i n e d i n a l l d i s t r i c t s , t h e p r i n c i p a l d e c r e a s e s b e i n g $ 1 , ^ 9 2 , 0 0 0 , 0 0 0 i n New York C i t y , $308,000,000 i n t h e Chicago D i s t r i c t , $161,000,000 i n t h e Boston D i s t r i c t , and $115,000,000 i n t h e San F r a n c i s c o D i s t r i c t ; t h e t o t a l d e c r e a s e a t a l l r e p o r t i n g member banks was $2,715*000,000* United S t a t e s Government d e p o s i t s i n c r e a s e d i n a l l d i s t r i c t s , Borrowings of weekly r e p o r t i n g member banks d e c l i n e d $197*000,000 during the week,and on December 6 amounted t o $365,000,000, 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 f o l l o w s 1 Dec. 6, 19W A S S E T S 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 b r o k e r s and d e a l e r s f o r p u r c h a s i n g 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 Other l o a n s f o r p u r c h a s i n g o r 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 Oth^r loans Treasury b i l l s T r e a s u r y c e r t i f i c a t e s of i n d e b t e d n e s s Treasury notes U, S, bonds O b l i g a t i o n s g u a r a n t e e d b y U, S* Government Other s e c u r i t i e s 19U3 ( I n m i l l i o n s of d o l l a r s ) 58,603 12,603 6,382 1,14*0 715 1,276 335 1,059 76 1,320 2.1U5 10,317 8,979 20,983 612 2,931 Reserve w i t h F e d e r a l Reserve Banks Cash i n v a u l t Balances w i t h domestic banks 9,517 613 2,262 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 d e p o s i t s U. S, Government d e p o s i t s I n t e r b a n k d e p o s i t s : Domestic banks Foreign banks Borrowings 35,821 7,558 11,788 9,639 879 365 Digitized for Debits FRASER t o demand http://fraser.stlouisfed.org/ and U, S, Govt, Federal Reserve Bank of St. Louis I n c r e a s e or decrease since Dec. 8, Nov. 29, 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 a c c o u n t s , d u r i n g week 20,906 +3,510 + 938 + 108 + + 19) 18) + 771) + k) 2 + 12 + 8 + 377 37 +1,561 + 633 + 18 + 20 - 556 + 52 - 29 -2,715 8 +5,986 1*9 l - 197- ' +8,068 +1,677 13 + Ihh +1,036 61* - 7 19 -1,1*09 +1,289 +1,122 +3,386 -1,11+5 + 11*8 + 728 + 38 + 107 +1,71*9 +1,1*82 +3,803 + 927 + 78 + 21*7 Form F, E, 28k a STATEMENT FOR THE PRESS Board of Governors of the Federal Reserve System December 7, l9kk For immediate release CONDITION OF WEEKLY REPORTING MEMBER BANKS IN CENTRAL RESERVE CITIES (In millions of d o l l a r s ) New York City Increase or decrease since Dec, Nov. 2q, Dec. 8, 6, 19UU l?hh W Chicago Increase or decrease since Nov. 29, Dec, 8, Dec, 6, i9Uk 19U3 19UU ASSETS Loans and Investments-total Loans - t o t a l 21,19b +1. 500 + 2, 701 5,515 4- k77 + 5,225 4 360 + 993 1,179 4- 110 4- - 7 770 + + hdl + Coiuinercial, i n d u s t r i a l , and 2,]406 + a g r i c u l t u r a l loans k9 Loans to brokers and dealers for purchasing or carryingi U.S. Govt, obligations 1,1)0 56 8 Other s e c u r i t i e s 533 + Other loans for purchasing or carrying! U, S, Govt, obligations 5kk + 3h8) 5) Other s e c u r i t i e s 138 . Real e s t a t e loans 7k ' Loans to banks hi + 5 Other loans 1 3k6 + Treasury b i l l s Treasury c e r t , of indebt. Treasury notes U. S, bonds Obligations guaranteed by U.S. -Government Other s e c u r i t i e s 327 3,552 3,199 7,76k + 162 967 + Reserve with F, R, Banks Cash in vault Balances with domestic banks Other assets - net 3,382 102 23 312 + + + 17k 15k ko5 332 Ik 1 + • ~ 371 5 k - + k + 93 99 38 lh) 1) 398 20 151 kk 23 + 6 5k - - 93) - - - - •* - - - 7k 1 + 1,099 777 1,789 296 + 28 4- 136 + 169 + 31 735 106 31 3kk + 18k 5 3 7 911 kk 181 k9 - k26 162 +1 ,628 3,298 - 627 1,206 - 259 7k 1,165 15 + 39 350 + + + + + -1,192 901 5 U.9U2 +2 ,870 + 116 + 1 2 + 16 1 1 * 108 ) t. 907 + 279 +1 ,k65 +1 ,500 10 + 4- 20 27 192 4- 272 4> 193 - + + hi 27 44- 6k 3 • k 2 — ? L I A B I L I T I E S Demand deposits adjusted Time deposits U, S, Government deposits Interbank deposits t Domestic banks Foreign banks Borrowings Other l i a b i l i t i e s CAPITAL ACCOUNTS 12,983 2,962 798 287 367 1,773 Debits to demand deposit accounts, except interbank and U,S,Govt, accounts, during week 9,81^ + - + 2 121 17 9 + + + + + 196 35 ilk 195 2 4- 6k2 13 1 4- 2.0U1 4- m 1 I • lOli 119 4- k6o 4- 128 42 » r 4- 12 4» 27 Total New All Boston districts York A S S E T S 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 , & Agr f 1 loans Loans t o b r o k e r s and d e a l e r s f o r p u r c h a s i n g 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 Other l o a n s f o r p u r c h a s i n g 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 l o a n s Loans t o banks Other l o a n s Treasury b i l l s T r e a s u r y c e r t i f i c a t e s of i n d e b t e d n e s s Treasury notes U. S . bonds O b l i g a t i o n s g u a r a n t e e d by U.S.Government Other s e c u r i t i e s Reserve w i t h Federal Reserve Banks Cash i n v a u l t Balances w i t h domestic banks Other a s s e t s - n e t TT1 1 w j — — R e is e r v e 3 D i s t r i <3 t F e d e r a l San Minne- Kansas D a l l a s P h i l a - Cleve- Rich- A t l a n t a Chicago S t . Louis a p o l i s C i t y d e l p h i a land mond Francisco ( I n m i l l i o n s of d o l l a r s ) 2,Mo L699 1»92U 1,771 9,033 1*59 9U0 347 354 1,700 238 117 Ihl 209 1,026 1,833 458 256 1,173 243 118 1,967 364 226 58,603 12,603 6,382 3,091 711 125 23,171 5,585 1,440 715 56 18 1,11*0 542 12 38 73 23 7 5 1 6 106 45 2 5 4 5 1 4 1,276 335 1,059 76 1,320 2,145 10,347 8,979 20,983 6l2 2,934 15 16 64 3 114 207 611 383 1,103 13 63 580 160 149 47 405 368 .3,851 3,548 8,589 190 i,o43 7 8 38 15 103 138 332 278 986 62 155 124 16 163 4 120 211 841 641 1,784 43 239 77 10 48 1 58 103 311 301 792 16 54 43 6 24 2 63 46 288 369 572 19 123 220 50 130 73 315 296 559 20 112 42 4 23 1 46 27 194 196 413 12 88 27 8 37 123 402 1,884 1,364 3,083 76 524 35 9 65 3 83 9,517 613 2,262 1,303 459 61 121 64 3,637 139 106 361 405 33 82 52 754 81 208 80 335 39 206 67 325 28 147 36 1,456 105 394 88 319 22 125 22 2,982 1,039 764 553 3 l 31 1,150 278 176 4 67 2 449 81 117 1,102 320 230 520 4 2 12 117 5,511 i,L95 1,799 1,629 17 11 50 1,189 567 439 2,562 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 . d e p o s i t s U* S . Government d e p o s i t s I n t e r b a n k d e p o s i t s : Domestic banks Foreign b m k s Borrowings Other l i a b i l i t i e s CAPITAL ACCOUNTS 35,82k 7,558 11,788 9,639 879 365 1,703 4,542 2,050 14,290 333 775 302 17 9 39 271 1,1+17 5,27k 3,030 800 313 375 1,918 1,708 187 466 357 8 4 17 235 D e b i t s t o demand d e p o s i t s a c c o u n t s , e x c e p t i n t e r b a n k and U.S.Govt* accounts 20,906 1,189 10,320 9 59 - -» 1,660 402 265 5,868 1,040 499 3 38 21 46 18 21 60 30 297 - " — — "" 93 341 370 637 37 125 49 85 324 275 509 20 45 95 392 1,055 958 1,956 104 363 178 11 105 15 419 23 299 23 338 24 224 32 892 47 255 463 626 163 303 301 2 1 7 79 1,209 223 291 851 1,145 206 263 542 2 534 1,007 268 290 607 1 17 9 122 7 7 133 7 113 1,068 454 3,102 503 341 558 385 1,354 - - 61 — 3,014 1,629 857' 480 23
@FedFRASER