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BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM g ^ 2 (For Immediate Release) December 13; 1950 CONDITION OF WEEKLY REPORTING MEMBER B A M S IN LEADING CITIES The condition statement of weekly reporting member "banks in leading cities shows the following principal changes for the week ended December 6: Increases of $177,000,000 in commercial, industrial, and agricultural loans, $274,000,000 in reserve balances with Federal Reserve Banks, and $482,000,000 in demand deposits credited to domestic banks, and a decrease of $161,000,000 in United States Government deposits. . __ Commercial, industrial, and agricultural loans increased $79,000,000 in New York City, $51,000,000 in the San Francisco District, $22,000,000 in the Chicago District, and $15,000,000 in the Kansas City District. Loans for purchasing or carrying United States Government and other securities decreased y25&,000,000. Loans to banks increased $125,000,000. "Other loans" decreased $46,000,000. Holdings of Treasury certificates of indebtedness decreased ^110,000,000 at all reporting member banks; the principal decreases were $34,000,000 in the San Francisco District and $19,000,000 in the Chicago District. Holdings of United States Government bonds increased $38,000,000 in the San Francisco District and $23,000,000 in Chicago, and they decreased $21,000,000 in New York City; there was a net increase of $7,000,000 at all reporting member banks. Demand deposits adjusted decreased $106,000,000 in the Chicago District and $29,000,000 each in the Philadelphia and Cleveland Districts, and they increased $60,000,000 in the San Francisco District and $27,000,000 in the Kansas City District; the net decrease at all reporting member banks was $94,000,000. Demand deposits credited to domestic banks increased in all districts. Borrowings decreased $143,000,000 in New York City and increased $67,000,000 in Chicago; the net decrease at all reporting member banks was $25,000,000. - - - ...... n l_ » Dec. £ O, 1950 A S S E T S Loans and investments - total Loans - net Loans - gross Commercial, industrial, and agricultural loans Loans to brokers and dealers for purchasing or carrying: U. S. Government obligations Other securities Other loans for purchasing or carrying: U. S. Government obligations Other securities Real estate loans Loans to banks Other loans U. S. Government securities - total Treasury bills Treasury certificates of indebtedness Treasury notes U. S. bonis Other securities Reserves with Federal Reserve Banks Cash in vault Balances with domestic banks L I A B I L I T I E S Demand deposits adjusted Time deposits except Govt. U. S. Government deposits Interbank demand deposits: Domestic banks Foreign banks Borrowings 69,807 30,580 30,981 17,274 481 983 185 558 5,212 502 5,786 32,924 "PaI 1 AT.TB • Increase or decrease since Nov. 29, I Dec. 7, 1950 1 1949 - 116 +2,869 1 + 177 +5,768 +5,850 +3,467 6 - - 176 31 2 47 1* + 125 46* - - - - 60 + 543 205 + + + 10 134 910 + 269 +1,398 -4,229 + 1,014 7,731 22,121 6,303 14 110 + 29 + 7 50 - 250 -6,106 +6,558 -4,431 +1,330 12,778 879 2,268 + 274 33 + 55 + + + 2,058 50,452 15,361 1,586 9,707 1,359 495 Debits to demand deposit accounts, except interbank and U. S. Government accounts, during week 29,274 * November 29 figures revised (Cleveland District) V. — V n v i l r n 94 - 16 161 + 482 12 25 593 45 139 +2,726 + 161 + + - 389 514 41 30 H. 4.2(a) ASSETS AND LIABILITIES OF WEEKLY REPORTING MEMBER BASKS IN LEADING CITIES, DECEMBER 6 1950 F e d e r a 1 Re s e r v e D i s t r i c t Total St. MinneCleve- Rich- Atlanta Chicago New {Philaall Boston Louis apolis mond York delphia land .districts (In millions of dol]Lars) A S S E T S 1,254 9,896 2,380 2,543 4,893 2,780 3,121 22,389 2,852 69,807 Loans and investments - total 1,120 542 1,251 1,162 1,744 1,119 3,253 10,479 1,361 30,580 Loans - net$ 2,048 612 724 271 828 930 675 6,477 535 17,274 Commercial, industrial, and agr'l loans Loans to brokers and dealers for purchasing or carrying: 1 - 1 2 17 401 13 12 481 U. S. Government obligations 6 14 2 92 12 762 27 5 34 983 Other securities Other loans for purchasing or carrying: 4 11 10 12 4 23 42 37 185 13 U. S. Government obligations 6l 14 24 6 63 31 21 5 251 558 Other securities idd 200 143 439 235 354 244 92 719 5,212 Real estate loans 4 - 12 2 4 441 17 5 502 9 Loans to banks 606 167 312 269 301 330 376 290 1,533 Other loans 5,786 1,200 946 5,718 2,700 1,494 573 9,906 1,337 1,530 U. S. Government securities - total 32,924 20 64 360 160 63 92 76 2,058 Treasury bills 753 95 46 338 31 29 18 25 283 1,014 33 Treasury certificates of indebtedness 29 148 447 1,339 253 284 657 303 1,722 333 Treasury notes 7,731 3,681 605 658 376 940 1,837 1,036 1,122 7,148 U. S. bonds 22,121 183 139 167 223 2,004 449 925 230 6,303 Other securities 353 12,778 879 2,268 1,431 488 63 101 87 4,893 210 121 565 473 53 106 57 789 89 146 80 477 71 168 58 431 43 192 57 1,898 113 347 115 401 32 117 29 210 13 91 18 50,452 15,361 1,586 9,707 1,359 495 1,668 6,535 2,586 480 72 17,499 2,594 486 2,914 1,106 189 879 2,511 2,250 439 84 3,456 1,361 114 492 8 1,859 521 50 562 10 19 35 210 6,878 2,615 380 2,148 579 78 444 6 17 40 242 1,494 480 54 688 5 19 847 240 37 326 3 6 193 1,490 914 1,032 13,800 1,009 29,274 # Individual lobn items are reported gross, i.e., before deduction of valuation reserves. 852 4,020 767 Reserves with Federal Reserve Banks Cash in vault Balances with domestic banks Other assets - 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: Domestic banks Foreign banks Borrowings Other liabilities CAPITAL ACCOUNTS Debits to demand deposit accounts, except interbank and U. S. Govt, accounts. 269 35 19 63 336 15 12 38 323 31 54 481 299 1,510 53 145 95 774 26 Kansas Dallas San City Francisco 2,694 1,448 1,018 12,312 5,940 2,397 6 7 16 5 16 41 117 8 28 2,403 5 1,124 2,693 l,l6l 1$9 34 - - 13 166 3 216 262 1,257 150 34 395 678 275 1,088 93 42 322 631 158 510 '33 §77 44 528 " 40 328 66 - - 5,175 132 106 1,528 3,409 1,197 1,680 119 274 255 7,327 5,244 193 107 l 20 30 227 2,151 423 52 756 10 5 27 232 395 995 825 3,175 20 1,957 385 67 870 496 107 13 361 899