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H,4»2 BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM (For Immediate Release) December 24> 1958 CONDITION OF WEEKLY REPORTING MEMBER BANKS IN LEADING CITIES The condition statement of weekly reporting member banks in leading cities shows the following principal changes for the week ended December 17: Increases of $824 million in loans adjusted, #482 million in demand deposits adjusted, and $674 million in U, S. Government deposits. Commercial and industrial loons increased in all but one district and a total of 1382 million at all reporting member banks; the principal increases were $230 million in New York City, S36 million in the Chicago District, $35 million in the Cleveland District, and $17 million in the St. Louis District, This week's increase included loans for quarterly tax date needs. Changes according to industry appear in another press release. Loans to brokers and dealers for purchasing or carrying U, S, Government and other securities increased $348 million. Real estate loans increased $34 million. "Other" loans increased $51 million. Holdings of Treasury bills increased $77 million and holdings of U, S. Government bonds decreased $35 million. Demand deposits adjusted increased $139 million in the Kansas City District, $80 million in the Boston District, $60 million in the Atlanta District, $57 million in the Dallas District, and $56 million in the Richmond District. Demand deposits credited to domestic banks increased $561 million at all reporting mem™ ber banks. Borrowings from Federal Reserve Banks increased $128 million and borrowings from others decreased $282 million. Loans to banks decreased $231 million, A summary of assets and liabilities of reporting member banks follows: ! »-» • " "H Increase or decrease since December 17, Dec, lOjDeCe 18, 1958 1958 #1 1957 (in millions of dollars) A S S E T S Loans and investments adjusted 1/ Loans adjusted \J Commercial and industrial loans Agricultural loans Loans to brokers and dealers for purchasing or carrying securities Other loans for purchasing or carrying securities Real estate loans Other loans 95,982 54,819 30,567 614 U* S, Government securities — total Treasury bills Treasury certificates of indebtedness Treasury notes U, S. bonds Other securities 31,901 2,209 4,132 6,919 18,641 9,262 1,595 13,456 1,152 2,709 Loans to banks Reserves with Federal Reserve Banks Cash in vault Balances with domestic banks + + + + 849 824 382 6 +7,404 + 130 -1,305 + 181 2,378 + 348 + 188 1,246 9,580 11,619 + + + 6 34 51 + + + 140 800 245 + 24 77 26 8 35 1 231 622 10 327 +5,891 + 739 +2,402 +2,095 + 655 +1,383 + 145 - 378 29 + 92 482 31 674 561 46 128 282 +2,799 +4,037 - 335 + 402 - 121 - 2 40 + 259 + + — + — + + + L I A B I L I T I E S Demand deposits adjusted Time deposits except U, S. Government U» S, Government deposits Interbank demand deposits: Domestic banks Foreign banks Borrowings: From Federal Reserve Banks From others 1/ 59,450 28,007 2,203 11,661 1,549 454 1,087 + + + + + + — of valuation reserves: individual loan items are shown gross. di- December 10 figures revised (San Francisco District) E.4.2(a) ASSETS AND LIABILITIES OF WEEKLY REPORTING MEMBER BANKS IN LEADING CITIES, DECEMBER 17, 1958 R e s e r v e D is t rlet F e d e r a 1 Total San New Phi la-* Cleve- Rich- Atlanta Chicago St. Minne- Kansas Dallas All Boston Francisco Louis apolis City land mond delphia York Districts (In millions of dollars) A S S E T S 3,495 6,635 3,797 3,797 12,482 2,984 1,620 3,764 4,489 19,767 95,982 4,100 29,052 Loans and investments adjusted l/ 2,047 6,258 1,682 930 2,060 2,723 11,206 2,223 3,582 2,016 54,819 2,533 17,559 Loans adjusted l/ 840 470 1,052 1,643 4,634 1,224 1,090 3,740 938 30,567 1,477 11,682 1,777 Commercial and industrial loans 8 46 20 16 24 289 6l4 14 1 13 171 3 Agricultural loans 9 Loans to brokers and dealers for 266 48 64 24 121 43 1,630 27 74 purchasing or carrying securities 2,378 9 39 33 Other loans for purchasing or carrying 181 48 11 36 46 205 67 29 1,246 154 53 17 399 securities 218 841 230 902 309 4,273 274 227 195 9,580 1,315 397 399 Real estate loans 244 620 681 458 645 1,296 2,059 495 11,619 754 659 2,955 753 Other loans 528 1,342 1,433 6,484 946 2,415 1,454 1,403 5,014 1,045 1,224 8,613 31,901 U. S. Government securities - total 66 144 38 42 138 390 125 321 2,209 77 72 79 717 Treasury bills 62 169 170 134 109 774 530 170 239 1,265 313 4,132 197 Treasury certificates of indebtedness 1,078 111 324 210 267 1,156 805 245 272 255 1,877 6,919 319 Treasury notes 3,016 986 914 625 4,233 18,641 705 636 317 524 1,159 772 4,754 U. S. bonds 1,210 162 2,880 362 638 2,077 326 333 347 9,262 327 257 343 Other securities 4l8 84 14 40 12 15 36 25 52 805 59 1,595 35 "Leans to banks 20$ 1#4 429 1,978 536 4,381 532 572 2,332 556 13,456 526 915 Reserves With Federal Reserve Banks 46 60 178 288 64 90 127 115 17 39 53 1,152 Cash in vault 75 360 239 168 285 74 90 158 378 527 98 179 153 2,709 Balances with domestic banks 40 204 183 102 43 543 2,884 111 120 1,270 92 79 97 Other assets - net L I A B I L I T I E S Demand deposits adjusted Time deposits except U. S. Government U. S. Government deposits Interbank demand deposits: Domestic banks Foreign banks Borrowings: From Federal Reserve Banks From others Other liabilities C A P I T A L A C C O U N T S 59,450 28,007 2,203 3,110 18,751 6,444 669 116 650 2,494 658 83 4,190 1,994 161 2,715 879 125 2,409 928 89 7,530 1,752 643 3,609 342 79 955 2 1,068 18 553 157 10 40 40 8 48 174 398 13 5 112 504 4 156 697 1,523 11,661 1,549 368 32 3,141 1,231 474 22 579 9 541 10 862 11 1,928 49 817 4 375 4 454 1,087 3,231 , 10,136 5 31 137 486 113 506 1,562 3,566 94 86 120 760 22 22 79 366 7 29 78 378 143 164 227 1,240 13 26 52 314 — 44 79 427 if Exclusive of loans to banks and after deduction of valuation reserves; individual loan items are shown gross. 932 2,529 2,774 10,264 381 723 1,284 9,795 81 328 52 97
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