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BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM H.4.2 (For Immediate Release) December 12, 1951 CONDITION OF WEEKLY REPORTING MEMBER BANKS IN LEADING CITIES The condition statement of weekly reporting member banks in leading c i t i e s shows the following principal changes for the week ended December 5$ A decrease of $226 million in holdings of United States Government s e c u r i t i e s ; increases of $260 million in reserve balances with Federal Reserve Banks, $161* m i l l i o n in demand dep o s i t s adjusted, S332 million in demand deposits credited to domestic banks, and ^223 million in borrowings; and a decrease of i^SlO million in United States Government deposits. Commercial, i n d u s t r i a l , and agricultural loans increased in a l l but two d i s t r i c t s and a t o t a l of $ l 4 l m i l l i o n . Loans to manufacturers of food, liquor, and tobacco, and to commodity dealers increased by about the same t o t a l . Loans to manufacturers of metals and metal products, to public u t i l i t i e s , and t o sales finance companies a l s o showed increases# Unclassified loans and loans to manufacturers of t e x t i l e s , apparel, and leather decreased. These changes according to industry of borrower are preliminary; a complete analysis w i l l be available in another press release next Tuesday, Loans t o brokers and dealers for purchasing or carrying United States Government s e c u r i t i e s increased $142 m i l l i o n . Loans to banks decreased $297 m i l l i o n . "Other" loans increased $25 m i l l i o n . Holdings of Treasury b i l l s , Treasury c e r t i f i c a t e s of indebtedness, and of United States Government bonds decreased %,112 m i l l i o n , $34 m i l l i o n , and $88 m i l l i o n , respectively. Demand deposits adjusted increased in f i v e d i s t r i c t s and decreased in the other seven; the principal changes were increases of $103 million in the San Francisco D i s t r i c t and $72 m i l l i o n i n New York City. Borrowings increased $181 million i n New York City and $88 million in Chicago, and they decreased $71 million in the San Francisco D i s t r i c t . 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 f o l l o w s : Increase or decrease since Nov. 20, Dec* 6, 1950 1951 (in m i l l i o n s of dollars) -188 73,072 +3,265 + 30 34,518 +3,938 + 29 +4,017 31,998 21,006 +iia +3,745 Dec. 5, 1951 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 for purchasing or carrying; U. S. Government obligations Other s e c u r i t i e s Other loans f o r purchasing or carryingr 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 to banks Other loans tf. 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 Unserves 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 Government U. S, Government deposits Interbank demand d e p o s i t s j Domestic banks Foreign banks Borrowings Debits ho demand deposit accounts, except interbank and U. S. Govrvrimient accounts, durj tig wee.lt 370 950 +142 + 30 - Ill — 33 - - 119 558 5,661 360 5,974 31,856 3,837 2,960 5,962 19,097 6,698 - 9 -297 + 25 -226 -112 — 34 + 8 - 88 + 8 + 449 - 142 + 175 -1,068 +1,779 +1,046 -l,769 -3,024 + 3°5 14,722 9 02 2,292 +260 - 85 - 2 .3 .1,044 + 21 + 24 53,204 16,084 1,586 10,406 1,239 1,093 +164 + 10 -810 +332 + 13 +223 +2,752 + 723 28,964 3 66 + 69? - 120 + £°s Philadelphia 73,072 34,518 21,006 3,300 1,551 .987 22,962 11,889 8,139 2,889 1,353 802 5,183 2,117 1,282 3,023 1,191 576 370 950 3 10 312 739 1 37 9 27 4 6 119 558 5,661 360 5,974 31,896 3,837 2,960 5,962 19,097 6,698 14,722 902 2,292 1,484 6 21 236 33 283 1,532 253 151 165 963 217 545 66 92 94 33 228 853 202 1,550 6,886 966 455 1,556 5,909 2,187 5,611 219 121 583 3 7 132 3 392 1,169 110 73 176 810 367 539 50 113 54 9 64 409 15 345 2,562 308 285 459 1,510 504 963 91 139 84 53,204 16,084 1,586 10,406 1,239 1,093 2,022 6,838 2,741 536 58 278 30 13 72 369 18,192 2,675 484 2,905 1,023 463 1,163 2,591 2,309 4l6 50 398 13 80 38 341 3,760 1,419 139 518 9 44 72 499 1,281 2,995 10,135 3,904 2,642 2,476 1,306 759 12 38 73 2 7 2 12 46 239 6 317 1,631 278 126 308 919 201 556 75 176 56 10 24 89 3 32S 1,416 196 252 328 640 230 516 45 209 61 17 60 48? 17 628 5,307 426 588 1,040 3,253 924 2,132 111 321 106 8 13 244 2 285 998 100 188 168 542 172 480 33 117 31 2,376 601 85 521 5 13 32 253 2,033 527 68 644 10 15 43 223 7,156 2,695 219 1,592 44 181 108 810 Debits t o demand deposit accounts, except interbank and U. S. Govt, accounts 1,101 12,400 1,147 28,964 1,695 1,022 2 i . e . , before deduction of valuation r e s e r v e s . 945 3,754 2,732 1,086 641 - - 2,931 1,524 1,069 13,165 6,718 2,927 7 9 1 21 2 6 113 ia 148 532 77 4l 112 302 128 243 13 80 17 4 14 163 4 233 1,456 400 218 258 580 281 566 35 288 46 8 48 121 1 284 1,206 288 151 218 549 201 612 42 370 90 7 27 2,575 56 1,184 5,l6l 435 432 1,174 3,120 1,286 1,959 122 266 262 1,574 471 39 769 3 41 30 210 858 235 26 376 3 4 22 110 2,061 434 82 1,000 2 68 48 235 2,318 448 101 854 10 3 53 258 7,826 5,627 235 551 87 168 34l 939 845 519 1,143 975 621 340 1,258 842 mm ^ £ 00 ASSETS Loans and investments - t o t a l Loans - net# Commercial, i n d u s t r i a l , and a g r ' l loans Loans to brokers and d e a l e r s 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 to banks Other leans 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 Reperve Banks Cash i n v a u l t Balances with domestic banks Other a s s e t s - net L I A B I L I T I E S Demand d e p o s i t s adjusted Time d e p o s i t s 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 Other l i a b i l i t i e s CAPITAL ACCOUNTS New York F e d e r a l Res e r v e D i s t r i c t Cleve- Rich- Atlanta Chicago S t . Minne- Kansas San Dallas land mond Francisco •lp.uis„ . a p o l i s ...City , (In m i l l i o n s of d o l l a r s ) JU Total All D i s t r i c t s Boston