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BOARD CF GOVERNORS OF THE FEDERAL RESERVE SYSTEM (For Immediate R e l e a s e ) December 8, 1948 CONDITION QF 7<BBKLY REPORTING MBiviBER BANKS IN LEADING CITIES The c o n d i t i o n s t a t e m e n t of weekly r e p o r t i n g member banks i n leading c i t i e s shows t h e f o l l o w i n g p r i n c i p a l changes f o r the week ended December Is Decreases of §>120,000,000 i n loans and $2X6,000,000 i n borrowings, and an i n c r e a s e of $243,000,000 i n demand d e p o s i t s c r e d i t e d t o domestic banks. C o m m e r c i a l , i n d u s t r i a l , and a g r i c u l t u r a l loans decreased $22,000,000 i n New York C i t y , and £18,000,000 a t a l l r e p o r t i n g member banks and i n c r e a s e d $11;,000,000 i n t h e San F r a n c i s c o D i s t r i c t . Loans f o r p u r c h a s i n g or c a r r y i n g United S t a t e s Government and o t h e r s e c u r i t i e s decreased $156,000,000, l a r g e l y i n New York C i t y . Holdings of Treasury b i l l s i n c r e a s e d $73*000,000 i n t h e Chicago D i s t r i c t , $39,000,000 i n New York C i t y , $28,000,000 i n t h e Richmond D i s t r i c t , and $16,000,000 a t a l l r e p o r t i n g member banks and decreased $69,000,000 i n t h e Kansas C i t y D i s t r i c t . Other h o l d i n g s of s e c u r i t i e s showed l i t t l e change, Demand d e p o s i t s a d j u s t e d i n c r e a s e d i n s i x d i s t r i c t s and decreased i n t h e other s i x , and t h e n e t i n c r e a s e a t a l l r e p o r t i n g member banks was $40,000,000# t h e p r i n c i p a l changes were i n c r e a s e s of $66,000,000 i n New York C i t y , $55,000,000 i n San Francisco D i s t r i c t and $41,000,000 i n t h e Richmond D i s t r i c t and a d e c r e a s e of $125,000,000 i n t h e Kansas C i t y D i s t r i c t , Time d e p o s i t s decreased $17,000,000 i n the San F r a n c i s c o D i s t r i c t and $53,000,000 a t a l l r e p o r t i n g member banks. United S t a t e s Government d e p o s i t s decreased $110,000,000. Demand d e p o s i t s c r e d i t e d t o domestic banks i n c r e a s e d yl6L,000,000 i n New York C i t y and $61,000,000 i n t h e Chicago D i s t r i c t . Borrowings decreased i n most of t h e d i s t r i c t ; t h e p r i n c i p a l decrease was $241,000,000 i n New York C i t y . A summary of t h e a s s e t s and l i a b i l i t i e s of r e p o r t i n g member banks follows $ H f 4«2 Dec, 1, 1948 ASSETS Loans and investments - t o t a l Loans - n e t Loans - g r o s s # 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 t o 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 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 p u r c h a s i n g or c a r r y i n g : 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 t o 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 n o t e s U. S, bonds Other s e c u r i t i e s Reserve w i t h F e d e r a l Reserve Banks Cash i n v a u l t Balances w i t h domestic banks L I A B I L I T I E S Demand d e p o s i t s a d j u s t e d 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 Debits t o demand d e p o s i t a c c o u n t s , except i n t e r b a n k and U. S. Govt, a c c o u n t s , d u r i n g week #See f o o t n o t e on f o l l o w i n g page. I n c r e a s e or decrease since Nov. 24, Dec. 3, 1948 1947 ( I n m i l l i o n s of d o l l a r s ) 62,330 25,092 25,3^ 15,527 -132 -120 -119 - 18 -2,697 +1,863 +1,988 +1,090 507 167 -117 + 12 + + 198 U75 4,o44 218 3,908 33,075 2,106 4,458 1,688 21,823 4,163 lit, 574 812 2,185 47,341 14,796 1,348 9,005 1,415 149 20,62$ + + + + + - 31 1 20 16 2 16 1 4 31 34 - 256 37 + 644 12 + 484 -4,485 +1,158 - 14 +1,167 -1,159 -5,651 75 -114 +2,161 - 5 + 78 - + 4o - 53 - 906 + 360 - 11 -110 +243 - 6 -276 6 149 + 526 - 697 + 37 - 154 ASSETS AND LIABILITIES OF V3BBKLY REPORTING MEMBER BANKS IN LEADING CITIES, DECEMBER 1, lgl*8 F e d e r a l R e s e r v e D s t r i c~t" Total nne- Kansas Dallas San New Phila- Cleve-IHich- Atlanta Chicago ~5t. All Boston York Francisco olis City Louie delphia land I mond districts (In millions of dollars) ASSETS 11,011 183 2,321 2,318 8,582 2 , i k o Loans and investments - total 62,330 2,766 20,327 2>5t*9 4 , 3 0 9 2,53l* 2,287 5,098 891 1,110 1*38 872 2,793 1,027 875 920 1,1*9** 8,1*69 25,092 1,105 Loans - net# 2,26k 582 773 253 633 1,91k 1*15 553 Commercial, industrial, & agr' 1 loans 917 5,951* 533 736 15,527 Loans to brokers and dealers for purchasing or carrying: 2 3 17 l 1*67 10 U. S. Government obligations .7 507 12 2 5 5 5 5U ll* 15 8 336 Other securities 1*67 Other loans for purchasing or carrying: 16 16 6 6 11 25 16 17 12 33 U» S. Government obligations 3 37 198 1*2 12 30 13 5 63 21 23 37 8 203 18 Other securities 1*7 5 2,088 88 62 127 2 d * 159 338 65 276 1*12 91 131* l*,0l*t* Real estate loans 2 5 2 1* 6 21 1* 168 218 3 Loans to banks 3 161 192 111; 73b 208 1 * 0 6 2 1 3 195 2 1 9 271* 201 991 3,908 Other loans 5,ll9 665 1,227 1,087 5,162 978 10,651 1,359 2,1*80 i,532 1,227 U.S. Government securities - total 33,075 1,558 ll*5 52 97 55 90 307 38 121* 85 133 8W* 2,106 136 Treasury b i l l s 1,002 2 3 0 2 6 9 1 3 2 152 581* 271 122 237 197 1,032 230 Treasury certificates of indebtedness 1*,1*58 258 67 87 1*13 33 73 152 69 81 57 308 1,688 Treasury notes 90 3,71*1* 738 1*1*5 771 663 3,858 81*9 8,1*67 1,032 1,958 1,193 21*, 823 1,102 U. S. bonds 121 206 16k 80 627 188 135 127 270 1,207 335 103 4,163 Other securities 2,011 21*6 550 1*68 531* 2,036 1*81 866 51*1 5,721* 51*5 Reserve with Federal Reserve Banks 572 11*, 571* 127 28 32 12 10I* 1*2 29 61* 87 176 1*7 61* 812 Cash in vault 2 78 263 293 116 90 185 151 152 333 10I* 122 Balances with domestic banks 2,185 98 216 28 16 26 50 101 1*8 51* 52 Other assets - net 1,260 73 87 509 LIABILITIES 6,983 851 1,71*9 1,972 6,173 1,1*10 Demand deposits adjusted l+7,3Ul 2,376 16,81*7 2,105 3,055 2,065 1,755 1*06 5,069 2,1*61 1*68 253 379 532 1 * 1 * 0 576 2,372 1,357 Time deposits except Govt. 1*83 11*, 796 21 153 51 35 50 2 9 8 1*22 56 115 37 58 U.S. Government deposits 1,31*8 52 1*51 6 1 3 781* 6 1 * 2 300 1,1*13 1*92 1*1*6 380 2,880 Interbank demand deposits $Domestic banks 331 273 9,005 85 2 1 2 5 12 29 22 Foreign banks 13 1,231* 5 5 1,1*15 8 6 7 6 13 17 2 17 7 19 1*7 Borrowings 11*9 1 6 6 1 6 1 7 lit 19 18 1*1 69 29 621 25 Other l i a b i l i t i e s 56 1,091 728 1 9 2 1 9 5 221 98 1 8 6 175 6 9 6 1*61 306 CAPITAL ACCOUNTS 2,1*35 6i0l6 323 H.I*.2(a) —— — www Debits to demand deposit accounts, except interbank and U.S.Govt, accounts #See footnote oft previous page. " * * • 1 20,623 * , 771* *r 8,798 4 730 1,179 • i 666 660 2,931* 595 81*3 367 / 661* 2,1*13