Full text of H.4.2 Weekly Consolidated Condition Report of Large Commercial Banks in the United States : February 11, 1948

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H.l*.2

BOARD OF GOVERNORS OF THS" FEDERAL RESERVE SYSTEM
( F o r Immediate R e l e a s e )
F e b r u a r y 11, I9I4.8
CONDITION OF WEEKLY REPORTING MEMBER BANKS IN LEADING CITIES

The c o n d i t i o n s t a t e m e n t of w e e k l y r e p o r t i n g member b a n k s i n l e a d i n g 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 t h e week ended F e b r u a r y 1*: An i n c r e a s e
of $ 2 5 9 , 0 0 0 , 0 0 0 i n h o l d i n g s of T r e a s u r y b i l l s , and d e c r e a s e s of $21*6,000,000 i n
h o l d i n g s of U n i t e d S t & t e s Government b o n d s , $ 2 5 8 , 0 0 0 , 0 0 0 i n r e s e r v e b a l a n c e s w i t h
F e d e r a l R e s e r v e Banks, and 0 5 9 ^ , 0 0 0 , 0 0 0 i n demand d e p o s i t s a d j u s t e d .
Commercial, i n d u s t r i a l , and a g r i c u l t u r a l l o a n s d e c r e a s e d £ 5 7 , 0 0 0 , 0 0 0 i n New York
C i t y , $ 1 0 , 0 0 0 , 0 0 0 i n t h e C i t y of C h i c a g o , $ 9 , 0 0 0 , 0 0 0 i n t h e B o s t o n D i s t r i c t , and
$ 8 3 , 0 0 0 , 0 0 0 a t a l l r e p o r t i n g member b a n k s . Loans t o b r o k e r s a n d d e a l e r s f o r p u r c h a s i n g o r c a r r y i n g U n i t e d S t a t e s Government and o t h e r s e c u r i t i e s d e c r e a s e d
$ 6 8 , 0 0 0 , 0 0 0 . Loans t o b a n k s i n c r e a s e d $ 9 1 , 0 0 0 , 0 0 0 .
H o l d i n g s of T r e a s u r y b i l l s i n c r e a s e d $ 2 1 0 , 0 0 0 , 0 0 0 i n New York C i t y , $ 5 1 , 0 0 0 , 0 0 0
i n t h e San F r a n c i s c o D i s t r i c t , ftad $ 2 5 9 , 0 0 0 , 0 0 0 a t a l l r e p o r t i n g member b a n k s .
Holdings of T r e a s u r y n o t e s d e c r e a s e d $21*,000,000. H o l d i n g s o f U n i t e d S t a t e s Government bonds d e c r e a s e d i n a l l d i s t r i c t s ; t h e p r i n c i p a l d e c r e a s e s were $ 6 ? , 0 0 0 , 0 0 0 i n
New York C i t y , $ $ 1 , 0 0 0 , 0 0 0 i n t h e New York D i s t r i c t o u t s i d e of New York C i t y , and
$ 3 0 , 0 0 0 , 0 0 0 i n t h e San F r a n c i s c o D i s t r i c t .
Demand d e p o s i t s a d j u s t e d d e c r e a s e d i n n e a r l y a l l d i s t r i c t s , t h e p r i n c i p a l d e c r e a s e s b e i n g $21*5,000,000 i n New York C i t y and $ 1 2 3 , 0 0 0 , 0 0 0 i n t h e Chicago Dis*
t r i c t . Time d e p o s i t s i n c r e a s e d $ 6 2 , 0 0 0 , 0 0 0 and U n i t e d S t a t e s Government d e p o s i t s
increased $108,000,000.
Borrowings i n c r e a s e d 7 0 , 0 0 0 , 0 0 0 i n New York C i t y and $ 3 6 , 0 0 0 , 0 0 0 a t a l l r e p o r t i n g member b a n k s , and d e c r e a s e d $ 1 3 , 0 0 0 , 0 0 0 i n t h e M i n n e a p o l i s D i s t r i c t .
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 b a n k s f o l l o w s t

*
rO

I n c r e a s e or
decrease since
Feb, 5,
Jan. 28,
19U8
w
( I n m i l l i o n s of d o l l a r s )
+ 999
61,879
- 7h
- 1*2
+3,957
23,352
+2,971
ll*,6t*lt
- 83
CO

A S S E T S
Loans and i n v e s t m e n t s - t o t a l
Loans - t o t a l
Commercial, i n d u s t r i a l , and a g r i c u l t u r a l l o a n s
Loans t o b r o k e r s and d e a l e r s 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
Other l o a n s f o r p u r c h a s i n g o r 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 b a n k s
Other l o a n s
Treasury b i l l s
T r e a s u r y 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
R e s e r v e w i t h F e d e r a l R e s e r v e Banks
Cash i n v a u l t
B a l a n c e s w i t h d o m e s t i c banks

28,719
it,212
12,1*31
730
2,228

+ 3
- 21*
-21*6
- 21*
-258
- 62
- 15

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 e x c e p t G o v t .
U, S . Government d e p o s i t s :
I n t e r b a n k demand d e p o s i t s : Domestic b a n k s
Foreign banks
Borrowings

1*8,226
11,632
876
9,266
1,3U0
21*2

-592*
+ 62*
+108
- 31
- 7
+ 36

D e b i t s t o demand d e p o s i t a c c o u n t s , e x c e p t 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
*

January 28 f i g u r e s r e v i s e d ( A t l a n t a D i s t r i c t )




229
392

- 1
- 52

-

366

-

.19

306

-

-

320

h90

3,525

271

3,195
2,1*68

3,113
2,715

6

- 9
+ 9
+ 91

+ 9
+259

16
+ 9h7

+
85
+ 675
+1,902
-2,663

- 768
-1,695
+

266

+ 7h7
+
36
+

15

+2,251
+ 540
-1,17k
77
5
12

21,915 (Revised f i g u r e pre:
v i o u s week 21,01*2)

ASSETS AMD LIABILITIES OF WEEKLY REPORTING MEMBER BANKS IN LEADING CITIES, FEBRUARY 4 , 1948
r i c t
e d e r a 1
R e s e r v e
Total
Minne-1 Kansas Dallas
CleveI^RichPhilaAtlanta Chicago
Francisco
apolis j City
delphia
York
districts
( I n m i l l i o n s of d o l l a r s )
11,250
8 , 8 4 l 2,112 1,168 2,383 2,259
22,183
Loans and i n v e s t m e n t s - t o t a l
6k,879
it, 596
2,685
Loans - t o t a l
7,744
23,352
1,996
730
541
602
265
1
,
8
5
9
Commercial, i n d u s t r i a l , & a g r ' l l o a n s
5,611
14,644
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 :
1
2
23
1
16
2
11
U . S . Government o b l i g a t i o n s
229
173
12
6
28
" 4
3
5
6
17
17
279
8
Other s e c u r i t i e s
392
Other l o a n s f o r purchasing or c a r r y i n g t
20
31
12
11
18
26
34
24
52
lit
5
U . S . Government o b l i g a t i o n s
306
59
12
36
41
14
22
5
75
35
15
211
8
16
490
Other s e c u r i t i e s
1
,
8
6
9
78
114
145
55
313
70
175
280
235
116
75
Real e s t a t e l o a n s
3,525
•»
«•
1
5
1
2
4
208
43
4
271
Loans t o banks
3
162
646
137
187
94
218
171
184
353
237
923
183
Other lofins
3,495
247
7
73
19
44
17
86
393
54
64
86
1,378
Treasury b i l l s
2,468
168
955
249
4
8
417
97
108
197
157
86
Treasury c e r t i f i c a t e s of i n d e b t e d n e s s
7it2
189
3,413
571
100
175
478
9
1
59
144
105
164
121
76
631
Treasury n o t e s
2,715
4
,
1
50
868
834
4
,
2
7
1
537
759
2 , 1 9 6 1,348
955
1,300 10,312 1,189
U. S. bonds
28,719
711
113
72
197
147
122
188
597
325
265
Other s e c u r i t i e s
it,212
1,376
99
1,804
482
500
219
423
1
,
7
11
450
487
771
it, 556
Reserve w i t h Federal Reserve Banks
499
529
12,431
2
6
107
31
11
27
94
39
78
4o
59
163
130
Cash i n v a u l t
55
300
250
270
88
106
383
179
156
100
155
116
125
2,228
Balances w i t h domestic banks
184
27
4
6
16
24
84
52
67
4
9
56
81
it 05
1,091
Other a s s e t s - n e t
L I A B I L I T I E S
7,086
818 1 , 7 0 3 1,861
6,198
1,334
3,084 2 , 0 7 3 1,742
2,Bl
17,691 2,115
lt8,2&6
Demand d e p o s i t s a d j u s t e d
5,085
252
388
385
471
2,454
551
1,318
598
2,250
383
Time d e p o s i t s e x c e p t Govt.
lit, 632 .
it97
117
2
1
31
22
39
156
27
63
54
271
37
U. S. Government d e p o s i t s
38
876
4
41
571
788
662
299
1,488
512
374
458
31*6
Interbank demand depositsrDomestic banks
3,036
291
9,266
2
1
59
4
6
25
8
12
Foreign banks
5
20
5
1,193
l,3!t0
12
2
5
13
12
9
67
10
15
21*2
3
87
7
Borrowings
14
159
14
11
15
16
24
26
57
Other l i a b i l i t i e s
35
92it
5it
499
673
184
190
169
668
212
97
177
462
301
CAPITAL ACCOUNTS
2,405
315
5,853
mt

Debits t o demand d e p o s i t s a c c o u n t s , e x c e p t
interbank and U.S.Govt, accounts
21,915



861

10,039

800

1,139

4.

672

*

659

*

2,945

-

581

mm

374

736

598

2,511