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BOARD OP GOVERNORS OF THE FEDERAL RESERVE SYSTEM He it* 2 (For Immediate Release) December 26, 1951 CONDITIO# 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 p r i n c i p a l changes f o r the week ended December 19$ Increases of $574 million in loans, $467 million i n holdings of United S t a t e s Government s e c u r i t i e s , $456 million in reserve balances with Federal Reserve Bantcs, $393 million i n demand deposits a d j u s t e d , $813 million i n United States Government deposits, and $317 million i n demand deposits credited to 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 in a l l but two d i s t r i c t s and a t o t a l of $223 million a t a l l reporting member banks. Loans to manuf a c t u r e r s of food, l i q u o r , and tobacco and of metals and metal products, to commodity d e a l e r s , and to s a l e s finance companies a l l showed s u b s t a n t i a l increases. These changes according to industry of borrower are preliminary; a complete analysis w i l l be available in another press r e l e a s e l a t e r . Loans f o r purchasing or carrying United States Government and other s e c u r i t i e s increased $ l 4 l m i l l i o n . Loans to banks increased $L9h m i l l i o n . Holdings of Treasury b i l l s increased i n most d i s t r i c t s and a t o t a l of $479 million. Holdings of Treasury c e r t i f i c a t e s of indebtedness increased $616 million and holdings of United States Government bonds decreased $632 million, p a r t i a l l y r e f l e c t i n g the exchange of bonds c a l l e d f o r redemption f o r a new c e r t i f i c a t e i s s u e . Holdings of "other s e c u r i t i e s " increased $32 m i l l i o n . Demand deposits adjusted increased $271 million in New York City, $107 million i n the Cleveland D i s t r i c t , $81 million in the Boston D i s t r i c t , and $71 million in the Philadelphia D i s t r i c t , but they decreased $109 million in the San Francisco D i s t r i c t and $82 million i n the Chicago 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 : 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 d e a l e r s f o r purchasing or c a r r y i n g : U. S. Government obligations 440 Other s e c u r i t i e s 1,080 Other loans f o r purchasing or carrying9 U. S. Government obligations 117 Other s e c u r i t i e s 575 Real e s t a t e loans 5,670 Loans to banks 679 Other loans 5,989 U. S. Government s e c u r i t i e s - t o t a l 32,582 Treasury b i l l s 1,527 Treasury c e r t i f i c a t e s of indebtedness 3,611 Treasury notes 5,91*2 U. S. bonds 18,502 Other s e c u r i t i e s 6,751 Reserves with Federal Reserve Banks 15,144 Cash i n vault 1,008 Balances with domestic banks 2,585 L I A B I L I T I E S Demand deposits adjusted 51,636 Time deposits except Government 16,142 U. S. Government deposits 2,173 Interbank demand d e p o s i t s : Domestic banks 10,927 Foreign banks 1,287 Borrowings 955 Debits to demand deposit accounts, except interbank 33,673 and U. S. Government accounts, during week * Preliminary (San Francisco D i s t r i c t ) because of holiday. r Increase or decrease since Dec. 20, 1950 (In mi]Llions of d o l l a r s ) +1,073 +3,400 74,844 35,511 +574 +4,365 35,992 +574 +4,443 21,442 +223 +3,641 Dec, 19, 1951* + 19 +110 + 12 + 1 +194 + 15 +467 +479 +616 + 4 -632 + 32 +456 - 25 +123 +393 + 10 +813 +317 + 35 - 19 + 8 63 63 + 16 + 416 + 269 + 109 -1,272 +1,633 +2,832 -2,635 -3,102 + 307 +2,321 + 36 - Ill +2,866 + 635 + 580 + 346 72 + 639 H.4.2(a) ASSETS AND LIABILITIES OF WEEKLY REPORTING MEMBER BANKS IN LEADING CITIES, DECEMBER 19, 1951 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 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 to 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 in 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: Domestic banks Foreign banks Borrowings Other l i a b i l i t i e s CAPITAL ACCOUNTS Total * All New D i s t r i c t s Boston , York 74,844 35,511 21,442 3,392 1,599 1,005 23,940 12,607 8,344 440 1,080 3 11 865 117 575 5 21 237 55 5,670 679 5,989 32,582 4,527 3,611 5,942 18,502 6,751 15,144 1,008 2,585 1,423 54,636 16,142 2,173 10,927 1,287 955 2,054 6,830 289 1,568 279 187 165 937 225 603 74 104 89 2,854 536 78 316 29 2 78 369 F e d e r a 1 R e s e r v e D i s t r i c Phila- Cleve- Rich- Atlanta Chicago S t . Minneland mond Louis apolis delphia (In millions of d o l l a r s ) 2,968 5,306- 3,058 2,764 10,285 2,528 1,283 1,384 2,150 1,212 1,103 608 3,990 1,312 827 1,309 587 655 764 2,715 335 1 -35 8 31 4 6 35 3 248 7 860 134 4 498 1,541 397 9,113 1,208 1,200 146 82 672 174 1,565 806 5,676 2,220 376 564 5,658 241 56 134 123 51 557 9 64 4ll 17 344 2,648 387 404 467 1,390 12 45 242 9 322 18,814 2,426 415 2,705 89 695 417 3,139 11 1,063 322 27 1,211 39 2,581 338 3,915 1,421 157 543 9 384 508 991 103 156 78 26 63 500 1,639 297 180 295 867 207 588 82 190 56 2,445 602 99 514 5 21 35 253 — 12 11 25 89 10 320 1,423 196 263 36 70 2 8 16 59 488 8 13 241 1 28 637 5,352 497 685 521 51 224 60 1,029 3,l4l 943 2,280 119 357 91 2,056 528 82 7,211 2,703 419 335 629 238 672 15 4 43 220 1,689 45 151 105 809 289 1,042 147 220 169 506 174 486 36 135 30 1,634 471 62 784 3 20 31 210 t Kansas San * City Dallas Francisco 3,078 1,271 854 2,955 1,550 1,092 13,287 6,725 2,955 7 9 2 23 mm mm 3 1 4 14 7 162 113 10 3 147 236 547 1,528 444 77 52 237 114 279 304 568 128 279 236 15 82 17 609 39 333 45 2,196 435 48 102 356 1,025 2 2 71 3 22 31 111 242 855 236 6 49 120 2 288 1,236 317 158 179 582 169 586 45 465 92 2,377 452 84 898 11 9 56 256 7 23 2,573 42 1,179 5,278 540 471 1,171 3,096 1,284 2,022 147 282 257 7,853 5,638 258 574 92 299 340 941 Debits to demand deposit accounts, except interbank and U. S. Govt, accounts 1,222 15,462 1,114 33,673 1,832 1,120 1,047 4,371 867 1,146 531 1,206 3,755 io?i$ay U a ^ "*"0an Items are reported gross, i . e . , before deduction of valuation r e s e r v e s . * Preliminary(San Francisco District)because of
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