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H.U.2 BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM (For Immediate Release) . February 23, 19U9 CONDITION OF. VfEEKLY REPORTING MEMBER B A M S IN LEADING CITIES The condition statement of weekly reporting member banks in leading cities shows the following principal changes for the week ended February 16: Decreases of $107,000,000 each in loans and in holdings of United States Government securities, and $1*32,000,000 in demand deposits adjusted, and an increase of #171,000,000 in United States Government deposits. Commercial, industrial, and agricultural loans decreased $22,000,000 in the San Francisco District, $15,000,000 in the Chicago District, and $28,000,000 at all reporting member banks. Loans for purchasing or carrying securities other than United States Government securities decreased $55,000,000, largely in New York City Holdings of Treasury bills decreased $20,000,000 in New York City and $29,000,000 at all reporting member banks, and increased $21*,000,000 in the Kansas City District. Holdings of Treasury certificates of indebtedness decreased $63,000,000 in Nex. York City, $21,000,000 in the Cleveland District, and $101,000,000 at all reporting member banks. Holdings of United States Government bonds increased $30,000,000. Holdings of "other securities" increased $1*4,000,000 in New York City and $55,000,000 at all reporting member banks. Demand deposits adjusted decreased $194,000,000 in New York City, $105,000,000 in the Chicago District, and $60,000,000 in the Cleveland District, and increased $1*2,000,000 in the Kansas City District. United States Government deposits increased in all districts. Demand deposits credited to domestic banks increased $112,000,000, and demand deposits credited to foreign banks decreased $1*8,000,000. A summary of the assets and liabilities of reporting member banks follows: A S S E T S Loans and investments - total Loans - net Loans - gross# Commercial, industrial, and agricultural loans Loans to brokers and dealers for purchasing or carrying: U. S. Government obligations Other securities Other loans for purchasing or carrying: U. S. Government obligations Other securities Real estate loans Loans to banks Other loans U. S. Government securities - total Treasury bills Treasury certificates of indebtedness Treasury notes U. S. bonds Other securities Reserve with Federal Reserve Banks Cash in vault Balances with domestic banks L I A B I L I T I E S Demand deposits adjusted Time deposits except Govt. U. S..Government deposits Interbank demand deposits$ Domestic banks Foreign banks Borrowings Increase or Feb. decrease since 16, Feb, . 9, Feb. 18, 191*9* 191*8 1949 (In millions of dollars) 62,011 21*, 81*3 25,13U 15,266 - 722 1*10 + 190 1*1*1* 1*,083 151* 3,865 + - - - 159 107 105 28 -2,266 +1,390 +1,531 + 566 1 21* + + 323 1*0 2 31 2 23 + + 109 1*1 520 95 327 — 32,909 1,812 5,100 1,032 24,965 4,259 11*, 169 751 2,098 - 107 29 - 101 7 + 30 + 55 -3,725 - 398 +1,893 -1,625 -3,595 + 69 - 153 39 + 98 +2,015 20 - 200 1*6,121 15,037 1,815 8,631* 1,1*50 118 1*32 23 + 171 + 112 1*8 19 -1,288 + 354 + 855 - 1*65 + 97 - 173 Debits to demand deposit accounts, except interbank and U. S. Govt, accounts, during week 20,856 #See footnote on following page. •Preliminary (Ran Francisco District) because of holiday. - — - - H,4.2(a) ASSETS AND LIABILITIES OF WEEKLY REPORTING MEMBER BANKS IN LEADING CITIES, FEBRUARY 16, 1949 A S S E T S Loans and investments - total Loans - net# Commercial, industrial, agr'l loans Loans to brokers and dealers for purchasing or carrying; U. S. Government obligations Other securities Other loans for purchasing or carrying: U. S. Government obligations Other securities Real entate loans Loans to banks Other loans U« S. Government securities - total Treasury bills Treasury certificates of indebtedness Treasury notes U. S..bonds Other securities F e d e r a l R e s e r v e D i s t r i c t Total San St. Minne-(Kansas L .... All * Boston New Phila- Cleve-jRich- Atlanta Chicago DaUa£ Francisco apolls i City | Louis delphia land mond York districts! [In mil.lions of dollars) 62,011 2,754 20,164 2,536 4,307 2,525 2,291 8,514 2,141 1,135 2,403 2,204 10,957 1,106 080 5,037 2,679 1,005 056 435 342 921 1,405 1,049 0,548 24,043 2,201 770 571 611 251 1,032 541 922 412 523 691 5,933 15,266 722 410 7 9 190 444 4,033 154 3,865 32,909 11 16 135 1 197 1,595 03 267 46 1,199 110 561 54 100 81 1,812 5,100 1,032 24,965 4,259 14,169 751 2,093 1,191 673 306 1 16 9 14 6 4 16 27 13 47 4 21 21 33 187 7 200 65 277 421 94 2 1 5 10 114 187 210 230 276 976 10,343 1,332 2,402 1,542 1,267 101 40 103 103 623 299 265 104 142 1,241 38 115 109 44 34 882 0,295 1,053 1,999 1,213 102 127 1,260 203 340 850 490 551 515 5,370 61 40 03 41 153 136 132 147 97 124 60 53 49 54 479 29 30 1 .4 10 22 12 58 161 338 1 11 214 309 5,103 1,001 55 345 201 720 232 55 690 3,086 652 135 2,017 465 27 97 117 321 90 24 Reserve with Federal Reserve Banks Cash in vault Balances with domestic banks Other assets - net L I .A B I L I T I E S 46,121 2,313 16,204 2,030 2,916 2,050 1,744 5,976 1,387 Demand deposits adjusted 530 2,552 474 577 401 2,366 435 1,403 15,037 Time deposits except Gov't 69 358 86 04 157 49 565 75 1,015 U. S. Government deposits 1,350 649 523 371 461 2,706 272 343 0,634 Interbank demand deposit; Domestic banks 11 3 12 44 5 5 32 1,244 Foreign banks 1,450 1 5 6 7 9 75 110 3 Borrowings 16 61 26 19 37 24 56 597 1,010 Other liabilities 175 693 105 220 460 307 316 2,453 6,027 CAPITAL ACCOUNTS Debits to demand deposit accounts, except 2,896 567 689 714 732 1,102 807 9,000 20,056 interbank and. Ti. S. Govt, accounts - • #See footnote on previous page. * Preliminary (San Francisco District) because of holiday. 2 12 ] 3 5 7 5 64 6 12 127 7 159 1,310 150 299 70 799 205 540 20 267 26 13 43 89 107 1,056 30 270 42 714 122 544 32 261 49 14 29 2,112 2 728 5,166 154 1,069 153 3,790 754 2,022 123 270 204 001 1,079 301 255 67 35 721 257 1 2 2 7 13 14 195 99 1,930 419 52 544 5 1 15 196 6,003 5,164 210 437 06 2 140 726 701 645 2,504 112 619 17 143 14 445 81 220 12 76 14 339 —
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