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BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM
(For Immediate Release)
February 25, 1948
CONDITION OF WEEKLY REPORTING MEMBER BANKS IN LEADING CITIES
The condition statement of weekly reporting member banks i n leading c i t i e s shows
the following principal changes for the week ended. February 18* Decreases of
*$157,000,000 in holdings of United States Government securities,$275*000,000 in
reserve balances with Federal Reserve Banks, $2)5,000,000 in demand deposits
adjusted, and $200,000,000 i n borrowings.
Commercial, i n d u s t r i a l , and agricultural loans decreased $75,000,000 in New York
i C i t y and $69,000,000 at a l l reporting member banks. Loans t o banks increased
'H.4»2
$83,000,000.
Holdings of Treasury b i l l s increased $36,000,000 in the Kansas City D i s t r i c t
tmd decreased i n most of the other d i s t r i c t s ; the net decrease a t a l l reporting
Holdings of Treasury c e r t i f i c a t e s of indebtedness
e member banks was $4,000,000.
* decreased $28,000,000- i n New York City, $22,000,000 i n the San Francisco D i s t r i c t ,
$19,000,000 i n the Boston D i s t r i c t , and $64,000,000 at a l l reporting member banks.
Holdings of United States Government bonds decreased $20,000,000 in the San Franc i s c o D i s t r i c t , $11*., 000,000 in the S t . Louis D i s t r i c t , and $51,000,000 at a l l r e porting member banks.
Demand deposits adjusted decreased $119,000,000 in New York City, $75,000,000
in the San Francisco D i s t r i c t , and $235,000,000 at a l l reporting member banks.
Time deposits increased $19,000,000. Demand deposits credited t o domestic banks increased $82,000,000.
Borrowings decreased $155,000,000 i n New York C i t y , $35,000,000 in the Chicago
D i s t r i c t , $21*,000,000 i n the Cleveland D i s t r i c t , and $200,000,000 at a l l reporting
member banks.
A summary of the a s s e t s and l i a b i l i t i e s of reporting member banks followst
Feb.
18,
W
ASSETS
Loans and investments - t o t a l
Loans - t o t a l
Commercial, i n d u s t r i a l , and agricultural loans
Loans t o brokers and dealers
for purchasing or carrying*
U. S. Government obligations
Other s e c u r i t i e s
Other loans f o r purchasing or carrying:
U. S.Government obligations
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
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
Reserve w i t h 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 t Domestic banks
Foreign banks
Borrowings
Debits t o demand deposit accounts, except interbank
and U. S. Govt, accounts, during week
Increase or
decrease since
Feb. 11,
Feb. 19,
1948
1947
(In millions of d o l l a r s )
64,277
23,153
11,623
-133
+ 29
- 69
+ 905
+3,815
+2,866
599
370
+ 48
- 22
-
299
+
+
-
- 317
24
+ 937
+ 123
+ 653
+1,769
-2,300
- 795
-1,842
+ 258
+ 743
+ 38
+
8
484
3,550
21*9
3,179
2,210
3,207
2,657
28,560
U,190
12,15k
771
2,298
8
4
8
83
7
4
64
38
51
5
-275
- 24
+123
47,409
14,683
-235
9,099
1,353
+ 82
960
+ 19
+ 8
291
+ 15
- 200
20,123
340
83
+2,197
+ 529
-1,169
- 214
8
+ 70
ASSETS
AND LIABILITIES OP TjEEKLY REPORTING MEMBER BANKS IN
R e s e r v e D i:« t r i e t
F e d e r a l
Total
Minne- Kansas Dallas San
New
P h i l a - Cleve- Rich- Atlanta Chicago S t .
AH
Boston
Francisco
Louis a p o l i s City
de lphia land
mond
York
districts
of d o l l a r s )
ASSETS
1,165 2,1*05 2 , 2 2 6 11,125
8,818 2,103
Loans and investments - t o t a l
21,876 2 , 5 0 9
2,830
1**309 2 , 5 8 0 2,331
64,277
821 1,021*
It,618
1*31
2,721
966
801
832
1,1*31
863
7,852
1,093
Loans - t o t a l
23,1*55
2,008
266
5l*o
723
521
1,873
883
595
Commercial,industrial, & agr'1 loans
518
71*2
390
5,561*
lit, 623
Loans t o brokers and dealers f o r
purchasing or carrying;
2
1*0
3
2
18
U.S.Government o b l i g a t i o n s
326
8
399
2
6
1*
28
9
16
261*
Other s e c u r i t i e s
15
7
5
5
370
9
Other loans f o r purchasing or carrying*
27
18
11
11
17
32
25
60
23
U.S.Government o b l i g a t i o n s
11*
56
5
299
12
1*1
11*
35
22
71*
5
Other s e c u r i t i e s
8
207
15
16
35
i*8i*
1,883
78
115
11*7
71
176
236
315
55
Real e s t a t e loans
281*
116
71*
3,550
——
1
—
l
1*
1
1
226
Loans t o banks
5
3
21*9
7
158
138
653
92
185
182
169
351*
203
Other loans
181
239
925
3,U79
1*
198
115
23
21
380
88
1*1
39
2,210
58
88
Treasury b i l l s
1,155
162
921
21*9
100
51
1*09
111
151*
81*
618
199
Treasury c e r t i f i c a t e s of indebtedness
3,207
11*9
171
553
1*72
11*6
56
97
162
10I*
91
120
608
Treasury notes
77
2,657
821*
1*,127
761
It,232
853
529
10,288 1,182
2,193 l , 3 k l
950
1,280
IX, S. bonds
28,560
708
115
il*6
196
601*
122
262
183
75
321*
100
Other s e c u r i t i e s
1,355
1,190
1,817
1*61*
1*81
205
1*1*7 1,628
387
1*71*
5Ql*
t*9i*
758
12,15b
i*,l*95
Reserve w i t h Federal Reserve Banks
126
12
32
29
1*2
27
1*1
80
96
63
166
771
57
Cash i n vault
276
293
108
289
85
160
205
37lt
151
11*2
107
108
2,298
Balances w i t h domestic banks
181
1*1*
16
86
31
25
50
67
55
398
57
1,093
83
Other a s s e t s - net
L I A B I L I T I E S
800 1,803 1,85k
6,938
1,330
2,998 2,oLo 1,760 6,072
Demand d e p o s i t s adjusted
17,381 2 , 0 7 6
2,357
1*7,109
5,103
252
387
389
2,It
57
1,326
1*73
2
,
2
6
6
551
Time d e p o s i t s except Govt,
383
599
lit,683
1*97
132
21
1*6
25
60
I7lt
35
1*1
30
70
1*1
U.S. Government d e p o s i t s
285
960
1*61*
622
1,1*1*8
790
297
553
1*61*
376
509
Interbank demand deposits{Domestic banks
285
2,952
339
9,099
1*
1
26
59
6
12
3
21
1,201*
Foreign banks
3
5
9
1,353
12
2
8
11
5
11
13
Borrowings
13
11*
31
97
291
71*
161*
11
13
16
13
21*
62
18
26
Other l i a b i l i t i e s
511*
37
51
9h9
670
191
185
212
170
666
1*62
CAPITAL ACCOUNTS
97
2,1*01
179
300
316
5,81*9
/
Debits t o demand d e p o s i t accounts, except
interbank and U.S. Govt, accounts
20,123
857
8,102
750
1,127
705
689
2,927
593
386
777
61*7
2,563
@FedFRASER