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H*k.2 BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM (For Immediate Release) February 1. 1956 CONDITION OF WEEKLY REPORTING MEMBER BAMS 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 January 25$ Decreases of fl80 million in loans adjusted, $260 million i n reserve balances with Federal Reserve Bahks, and £759 million i n demand deposits credited to domestic banks, and an increase of $163 million in demand deposits a d j u s t e d . Commercial and i n d u s t r i a l loans decreased million in Chicago, $18 million in the Boston D i s t r i c t , 10 million in the San Francisco D i s t r i c t , and by smaller amounts i n a l l but one of the other d i s t r i c t s j there was a net decrease of $lllt million a t a l l reporting member banks. Changes according to i n d u s t r y appear in another press r e l e a s e . Loans to brokers and dealers f o r purchasing or carrying United States Government and other s e c u r i t i e s decreased $lolt m i l l i o n . Holdings of Treasury b i l l s aid of Treasury c e r t i f i c a t e s of indebtedness i n creased and holdings of Treasury notes and of United States Government bonds decreased; there was a net decrease of ?3k million i n holdings of United States Government s e c u r i t i e s a t a l l reporting member banks. Holdings of "other" s e c u r i t i e s decreased mh m i l l i o n . Demand deposits adjusted increased 396 million in the Chicago D i s t r i c t but they decreased 195 million i n t h e New York D i s t r i c t , 179 million in the San Francisco D i s t r i c t , and t73 million i n the Boston D i s t r i c t , Time deposits decreased $51 m i l l i o n . Borrowings from Federal Reserve Banks decreased $18 million and borrowings from others decreased : k2 m i l l i o n . Loans to banks increased '<7 m i l l i o n , 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 follows: Increase or Jan. decrease since 25, Jan. 18, Jan, 26, 1956 1956 1955 (In millions of d o l lars) ASSETS Loans and investments adjusted 1/ Loans adjusted 1 / Commercial ancT i n d u s t r i a l loans 2/ Agricultural loans 2/ Loans to brokers anct dealers f o r purchasing or carrying s e c u r i t i e s Other loans f o r purchasing or carrying s e c u r i t i e s Real e s t a t e loans Other loans 85,209 hi, 529 25,61t6 565 -258 -180 -Ilk) + 3) 2,529 1,291 8,160 10,163 -loh + 8 + 10 + 15 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 29,175 1,351 820 6,928 20,376 8,205 + + - 1,073 13, 995 2,122 + 7 -260 - 16 -132 Loans to banks Reserves with Federal Reserve Banks Cash in v a u l t Balances with domestic banks 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 58,735 21,193 1,072 10,213 1,168 733 615 vieuuui-iuii ux valuation 3b 3 9 15 31 LL - 1*75 +7,197 3/ +1,217 80 + 236 3/ + 897 3/ +1,888 -6,966 -1,083 -1,818 -1,118 -2,917 - 706 + + 262 292 27 82 + +163 19 + - 51 26 - 9 -1,083 -759 - 182 - 1 + 121 - 18 + 170 - h2 + 52 reserves; individual . ~ loan items are shown gross. 2/ Prior to the week ended January it, 1956, a g r i c u l t u r a l loans were not reported separately. 3/ October 5, 1955 r e c l a s s i f i c a t i o n increased commercial and i n c u s t r i a l loans _T million and decreased r e a l e s t a t e loans and "other" loans (29b and 25 mil lions, respectively. — 8.4.2(a) ASSETS' AM) LIABILITIES' OF WEEKLY REPORTING MEMBER'BANKS IN LEADING CITIES. JANUARY25. 1956 F e d e r a l R e s e r v e D i s t r i c t Total Minne- Kansas Dallas San Cleve- Rich- Atlanta I Chicago New PhilaAll Boston apolis City Francisco mond land York delphia Districts ( I n millions of d o l l a r s ) ASSETS Loans and investments a d j u s t e d l / Loans adjusted 1/ Commercial and i n d u s t r i a l loans 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 carrying s e c u r i t i e s Other loans f o r purchasing or carrying securities Real e s t a t e loans 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 Loans t o banks Reserves with Federal Reserve Banks Cash i n v a u l t Balances with domestic banks Other a s s e t s - net 85,209 47,529 25,646 565 3,830 2,300 2,529 56 1,291 31 338 559 1,194 71 64 200 859 336 27 535 70 82 90 8,160 10,163 29,475 1,351 820 6,928 20,376 8,205 1,073 13,474 995 2,422 1,977 1,355 8 25,542 3,227 15,349 2 , l 6 l 9,564 1,111 14 1 5,972 3,031 1,469 2 1,773 64 152 522 1,131 2,643 58 212 761 127 710 7,665 540 127 1,362 5,636 2,528 576 4,547 221 167 840 766 25 31 133 577 300 6 504 53 95 84 2,342 40 79 637 629 1,586 599 34 891 101 132 93 3,412 3,274 11,756 2,761 1,744 1,679 5,468 1,583 920 783 3,267 785 15 19 7 35 21 30 42 77 154 329 544 552 1,385 1,285 68 44 35 59 309 437 721 997 283 310 9 9 506 528 78 52 160 264 67 69 » 809 397 21 3,406 1,736 3,854 2,450 125 58 16,732 9,219 3,604 260 22 82 883 272 27 5 25 186 28 275 455 942 31 25 12 168 217 25 279 4l8 764 1,071 5,125 236 91 1,347 3,451 1,163 136 2,085 122 290 132 285 601 236 12 445 37 129 46 L I A B I L I T I E S 8,196 1,823 2,605 2,412 4,134 3,019 18,368 2,533 Demand deposits adjusted 58,735 6l8 3,200 482 624 4,263 717 555 1,735 21,493 Time d e p o s i t s except U* S. Government 34 40 76 43 63 179 316 1,072 52 U. S. Government deposits Interbank demand deposits: 678 404 496 714 1,572 437 10,213 320 2,979 Domestic banks 4 10 10 10 45 21 1,468 1,132 32 Foreign banks Borrowings: 8 46 25 137 29 278 49 33 From Federal Reserve Banks 733 6 26 23 12 23 364 14 9 615 From others 141 38 82 48 49 1,194 89 2,346 59 Other l i a b i l i t i e s 267 634 323 297 1,025 385 435 8,475 2,999 CAPITAL ACCOUNTS 1/ Exclusive of loans t o banks and a f t e r deduction of valuation reserves; individual loan items are shown gross* 1,443 479 1,321 130 7 40 24 366 137 311 785 155 349 13 3 202 516 41 15 322 69 26 49 1,508 126. 214 553 1,165 70 47 57 3,586 1,761 5,806 89 198 236 812 239 1 56l 48 448 144 1,479 4,040 1,707 247 2,154 157 264 337 927 2,460 2,737 843 290 552 42 18 49 9,521 7,614 160 324 3 875 3 902 512 180 16 41 6 36 325 48 23 120 521 1,240 12 28 140 18 - - 61 405
@FedFRASER