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BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM H.4.2 (For Immediate Release) December 6, 1950 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 November 29-^ ^ increase of $550,000,000 in loans; decreases of $322,000,000 in holdings of United States Government securities, $191,000,000 in United States Government deposits, and $160,000,000 in demand deposits credited to domestic banks; and an increase of $696,000,000 in demand deposits adjusted. Commercial, industrial, and agricultural loans increased $32,000,000 in New York City, $31,000,000 in the Chicago District, $16,000,000 in the San Francisco District, and by smaller amounts in most of the other districts; the net increase at all reporting member banks was $109,000,000. Loans for purchasing or carrying United States Government and other securities increased $259,000,000. Other loans" increased $39,000,000, , Holdings of Treasury bills decreased $82,000,000 in New York City, $56,000, in Chicago, $43,000,000 in the Kansas City District, and a total of $219,000,000 at all reporting member banks. Holdings of Treasury notes decreased $43,000,000. Holdings of United States Government bonds decreased $53,000,000 in New York City and a total of $80,000,000 at all reporting member banks. Demand deposits adjusted increased in nearly ail districts and the principal increases were $330,000,000 in New York City, $l6%,000,000 in the Chicago District, and $44,000,000 in the Richmond District; they decreased $58,000,000 in the Kansas City District. United States Government deposits and demand deposits credited to domestic banks decreased in most districts. Borrowings at all reporting member banks increased $119,000,000. A summary of the assets and liabilities of reporting member banks follows. Increase or Nov. decrease since 29, Nov. 22, Nov. 30, 1950 1949 1950 (In millions of dollars) A S S E T S 69,923 + 255* +3,084 Loans and investments - total 30,586 + 550* +5,973 Loans - net 30,982 + 552* +6,052 Loans - gross 17,097 + 109* +3,322 Commercial, industrial, and agricultural loans Loans to brokers and dealers for purchasing or carrying: - 263 + 190 657 U. S. Government obligations + 311 + 22 1,014 Other securities Other loans for purchasing or carrying: + 14 1 + 187 U. S. Government obligations + 152 46 + 605 Other securities + 903 + 11 5,202 Real estate loans + 163 4134 Loans to banks 377 +1,450 + 39* 5,843 Other loans -4,264 322* 32,984 U. S. Government securities - total - 313 219* 2,044 Treasury bills -6,121 20 + 1,124 Treasury certificates of indebtedness +6,526 43 7,702 Treasury notes -4,356 80 22,114 U. S. bonds +1,375 + 27 6,353 Other securities + 483 + 153* 12,504 Reserves with Federal Reserve Banks + 115 86 4912 Cash in vault + 98 l* 2,213 Balances with domestic banks L I A B I L I T I E S +2,898 + 696* 50,546 Demand deposits adjusted + 187 5* 15,377 Time deposits except Govt. 492 191* 1,747 U. S. Government deposits + 398 160* 9,225 Interbank demand deposits: Domestic banks + 43 + 12* 1,371 Foreign banks + 122 + 119* 520 Borrowings - - - - - - - Debits to demand deposit accounts, except interbank and U. S. Government accounts, during week * November 22 figures revised. 21,877 (Revised figure previous week 2 , 3 / ASSETS AND LIABILITIES OF WEEKLY REPORTING MEMBER BANKS IN LEADING CITIES, NOVEMBER 29, 1950 R e s e r v e Total MinneRichPhila- Cleve Atlanta Chicago Louis Boston oils mond delohia (In millions of dollars) A S S E T S 2,391 4,927 2,802 2,548 9,867 2,868 22,470 3,133 69,923 Loans and investments - total 1,259 3,258 1,119 1,758 1,119 1,365 10,510 1,172 30,586 Loans - net# 726 2,026 673 532 608 921 6,396 832 17,097 Commercial, industrial, and agr'l loans Loans to "brokers and dealers for purchasing or carrying: 28 - 2 12 1 585 12 657 U. S. Government obligations 2 78 5 6 15 28 802 35 13 1,014 Other securities Other loans for purchasing or carrying: 4 12 23 12 10 4 37 44 13 187 U. S. Government obligations 6 14 24 30 62 6 301 20 605 Other securities 100 235 92 245 342 l4l 724 200 5,202 Real estate loans 12 38 2 7 24 16 251 13 377 Loans to banks 166 266 609 310 304 355 378 286 1,554 5,843 Other loans 576 5,688 951 1,205 2,709 1,511 9,932 1,341 1,5&2 32,984 U. S. Government securities - total 19 52 348 64 100 174 740 77 108 2,044 28 Treasury bills 30 38 357 46 33 32 285 33 1,124 Treasury certificates of indebtedness 148 256 444 1,325 330 654 290 1,731 283 7,702 Treasury notes 381 613 3 , 6 5 8 1,048 659 1,835 942 1,118 7,176 22,114 U. S. bonds 142 181 921 224 460 172 355 226 2 , 0 2 8 6,353 Other securities 203 384 1,896 413 457 743 475 4,823 464 12,504 Reserves with Federal Reserve Banks 14 34 117 45 76 85 210 53 63 912 Cash in vault 84 108 318 179 163 194 108 126 95 2,213 Balances with domestic banks 19 116 29 56 80 54 56 548 89 1,408 Other assets - net L I A B I L I T I E S 841 1,504 6,984 1,862 3,485 2,163 2,565 17,508 2,279 50,546 Demand deposits adjusted 240 482 2,614 526 584 1,360 439 480 2,592 15,377 Time deposits except Govt. 40 340 53 84 51 127 96 82 532 1,747 U. S. Government deposits 313 647 1,400 420 531 488 360 2,771 267 9,225 Interbank demand deposits: Domestic banks 3 47 10 5 6 8 14 1,116 Foreign banks 34 1,371 18 64 35 16 26 10 12 288 16 520 Borrowings 21 27 36 93 27 53 37 64 859 1,629 Other liabilities 107 193 772 209 242 498 323 2,511 336 6,545 CAPITAL ACCOUNTS H.4.2(a) - — Debits to demand deposit accounts, except 1,029 771 797 882 9,221 21,877 interbank and U. S. Govt, accounts i t e m s are reported gross, i.e., before deduction of valuation reserves. l o a n 720 3,024 665 385 Francisco 2,717 1,150 744 2,703 1,450 1,019 7 7 12,234 5,881 2,346 16 16 16 5 41 12 117 166 4 263 219 1,287 1,095 163 93 52 50 321 390 684 629 280 158 461 497 36 39 323 254 66 43 7 „ ,28 2,400 10 1,133 5,147 106 140 1,530 3,371 1,206 1,688 140 261 252 1,930 2,158 424 386 74 53 724 834 10 1 30 28 30 231 226 7,267 5,250 215 470 117 5 354 897 790 2,692 - - — — 901
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