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BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM (For Immediate Release) H.4.2 February 11, 1959 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 February 4: Decreases of $195 million in loans adjusted, $172 million in holdings of U. S. Government securities, and $1,080 million in demand deposits adjusted, and an increase of $563 million in demand deposits credited to domestic banks. Commercial and industrial loans decreased in most districts and a total of $111 million at all reporting member banks; the principal decreases were $50 million in New York City, $15 millioy in the Cleveland District, and $13 million in the Chicago District. Changes according to industry appear in another press release. Loans to brokers and dealers for purchasing or carrying U. S. Government and other securities decreased $105 million. Holdings of Treasury certificates of indebtedness increased $45 million. Holdings of Treasury notes decreased $159 million and U. S. Government bonds decreased $57 million. Holdings of "other" securities increased $51 million. Demand deposits adjusted decreased $357 million in New York City, $214 million in the Chicago District, $167 million in the San Francisco District, $68 million in the Atlanta District, and $62 million in the Cleveland District. U. S. Government deposits increased $97 million. Borrowings from Federal Reserve Banks decreased $28 million and borrowings from others decreased $68 million. Loans to banks decreased $53 million. A summary of assets and liabilities of reporting member banks follows^ Increase or February 4, decrease since Jan. 28, Feb. 5, 1958 1959 (In millions of dollars) ASSETS +7,797 - 316 94,863 Loans and investments adjusted l/ + 975 195 53,701 Loans adjusted l/ - 426 Ill 29,567 Commercial and industrial loans + 140 10 587 Agricultural loans Loans to brokers and dealers for - 216 - 105 2,014 purchasing or carrying securities Other loans for purchasing or + 188 1,312 7 carrying securities 20 + 953 + 9,685 Real estate loans + 424 + 19 11,763 Other loans U. S. Government securities - total Treasury bills Treasury certificates of indebtedness Treasury notes U. S. bonds Other securities 31,954 ,068 3,< #685 . ,964 7,! 18,237 9,208 172 1 45 159 57 51 +5,664 + 610 +1,634 +3,244 + 176 +1,158 Loans to banks Reserves with Federal Reserve Banks Cash in vault Balances with domestic banks 1,695 12,991 920 2,376 53 22 119 9 - 46l + 15 - 129 -1,080 10 + 97 + 563 11 28 - 68 +1,660 +3,195 +1,493 + 150 - 117 + 213 + 105 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 1/ Exclusive of loans to banks and after deduction of ™* individual loan items are shown gross. 57,540 28,310 3,044 10,831 1,384 288 1,104 valuation reserves; Total All Boston Districts Loans and investments adjusted 1/ Loans adjusted 1/ Commercial and industrial loans Agricultural loans Loans to brokers and dealers for purchasing or carrying securities Other loans for purchasing or carrying securities Real estate loans Other loans 94,863 U . S. Government securities - total Treasury bills Treasury certificates of indebtedness Treasury notes 0. S. bonds &&3&Y securities 31,954 to banks "Reserves with Federal Reserve Banks Cash in vault Balances with domestic banks Other assets - net New York F e d e r a 1 R e s e r v e D i s t r i c t San St. Minne- Kansas Phila- Cleve- Rich- Atlanta Chicago Dallas Francisco City apolis Louis mond land delphia 11,215 12 3,461 2,149 1,134 1 6,506 3,540 1,698 3 3,752 1,986 914 6 3,741 2,04l 1,079 11 19 1,592 895 438 19 3,726 1,993 1,017 168 4,466 2,718 1,648 45 19,576 11,175 4,501 278 53,701 29,567 587 2,01% 31 1,430 30 124 32 25 183 35 5 19 22 78 1,312 20 401 648 431 1,309 2,956 60 225 775 173 84o 772 47 405 621 54 216 694 213 912 1,355 23 274 493 11 196 242 32 313 477 181 218 653 67 4,376 2,077 1,190 52 I69 8,941 809 1,155 2,434 4,543 2,893 992 50 156 265 521 320 2,338 119 311 763 1,145 628 1,438 63 122 301 952 328 1,365 118 189 284 774 335 4,955 345 439 1,162 3,009 1,204 1,039 45 100 303 591 252 531 25 58 l4l 307 166 1,379 125 174 366 714 354 1,407 75 115 302 915 341 6,379 242 697 1,263 4,177 2,022 89 852 95 134 112 24 513 75 157 97 62 488 49 288 91 69 1,927 108 271 198 28 392 33 142 45 14 214 14 70 40 32 537 38 327 81 60 594 45 469 195 349 2,238 148 206 558 9,685 11,763 2,068 3,685 7,964 18,237 9,208 380 589 365 68 28,746 2,905 l,6l4 800 16 4,044 2,489 l,44l 9 16,912 6,189 3,682 1,695 12,991 528 856 4,215 57 90 123 211 2,376 2,946 150 1,300 44 493 47 72 106 28,310 3,044 3,066 670 125 17,967 6,574 1,124 2,471 654 125 4,113 2,001 214 2,638 874 135 2,392 933 103 7,456 3,602 456 1,665 646 100 883 381 60 2,463 720 119 2,770 1,266 113 9,656 9,989 370 10,831 1,384 355 28 3,058 1,117 445 8 508 10 475 10 796 13 1,673 731 4 348 4 927 2 1,003 15 512 130 8 72 34 32 11 13 27 5 4 16 150 25 11 521 59 43 224 68 63 51 105 l,48l 70 132 1,245 381 428 315 370 486 765 3,609 cross. of valuation reserves; individual loan Items are shown gross. 19 35 39 43 17 46 14 40 91 10 183 688 175 404 517 1,537 920 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 Other liabilities 57,540 288 1,10k 3,058 10,232 C A P I T A L A C C O U M T S 1/ Exclusive of loans to banks and after deduction 43
@FedFRASER