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. . H»4»2 BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM (For Immediate Release) February 4# 1948 CONDITION OF WEEKLY REPORTING MEMBER BANKS IN LEADING CITIES The condition statement of weekly reporting member banks i n leading o i t i e s shows the f o l l o w i n g p r i n c i p a l changes for the week ended January 28* Decreases of $563*000,000 i n holdings of United S t a t e s Government o b l i g a t i o n s and 16^7,000,000 i n demand deposits credited to domestic banks* Commercial, i n d u s t r i a l , and a g r i c u l t u r a l loans decreased $19,000,000 i n New York City, $14,000,000 i n the City of Chicago, and $34*000,000 a t a l l reporting member banks• Holdings of Treasury b i l l s decreased $95,000,000 i n New York City, $36,000,00$ in the San Francisoe D i s t r i c t , and $145,000,000 a t a l l reporting member banks. Holdings of Treasury c e r t i f i c a t e s of indebtedness decreased $47,000,000 i n the San Francisco D i s t r i c t and $27,000,000 a t a l l reporting member banks, Holdings of Treasury notes decreased $47,000,000, Holdings of United S t a t e s Government bonds decreased i n a l l d i s t r i c t s except one, and the t o t a l decrease at a l l reporting member banks was $344*000,000, Demand deposits adjusted decreased $88,000,000 i n New York City, $82,fl00,f00 i n the San Francisco D i s t r i c t , and $137*000,000 a t a l l reperting member banks, and 1 Increased $64,000,000 i n the Chicago D i s t r i c t , Time deposits decreased $23,0d0,0f>(% United S t a t e s Government deposits increased $102,000,000. Demand deposits credited t o domestic banks decreased i n a l l d i s t r i c t s ; the p r i n c i p a l decreases were $111,006,009 i n New York City, $84,000,000 i n the Kansas City D i s t r i c t , $74,000,00# i n the Chicago D i s t r i c t , and $67,000,0*3 i n the Dallas D i s t r i c t , Borrowings increased $20,000,000 i n the Chicago D i s t r i c t , $13,000,000 each i n the Philadelphia and Minneapolis d i s t r i c t s , and $76,000,000 a t a l l reporting member banks* A summary o f the 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 decrease s i n c e Jan. 21. Jan, 29, 1948 1947 ( i n m i l l i o n s »f d o l l a r s ) Jan* 28, 1948 ASSETS Leans and investments - t o t a l 64,953 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 loans Leans to brekers and dealers f o r purchasing or carrying* 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 leans f o r purchasing er carrying* 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 leans Loans to 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 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 23,394 14,727 - 34 +3,828 +3,128 230 444 + + 9 28 + 48,833 14,555 768 9*297 1,347 206 Debits to demand deposit accounts, except interbank accounts, during week 21,103 and U, S« Govt, 312 499 3,516 180 3,486 2,209 3,410 2,739 28,965 4,236 12,689 792 2,243 «*»' + w + «P w + + - - t + 577 + 786 588 27 18 4 8 2 13 145 27 47 344 14 143 13 176 * 313 15 + 953 35 + 671 +1*771 "2,935 - 722 -1,433 + 277 + 999 + 27 r 12 137 23 102 647 15 76 +2,281 + 492 -1,135 13 + 3 84 A S S E T S WEEKLY REPORTINGMEMBER BANKSvINIgAPIKG CITIES; JAHUART 28, 1 ASSETS AND LIABILITIES d e r a 1 R e s 9.r v e D i s t r i c t Fa Minne KansasI Dallas New All At ftnta Ch ca Boston! apolis City | d e l p h l a | lland^'lmond" | l | * 6 ° | Louis York districts ( I n m i l l i o n s of d o l l a r s ) 64,953 Loans a.nd investments - t o t a l 23,394 Loans - t o t a l 14,727 Commercial, i n d u s t r i a l * & agr*1 loans 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 : 230 U, S , Government o b l i g a t i o n s 44A Other s e c u r i t i e s Other loans f o r purchasing or carryingt 312 U. S. Government o b l i g a t i o n s 499 Other s e c u r i t i e s 3,516 Real a s t a t e loans 180 Loans t o banks 3,486 Other loans 2,209 Treasury b i l l s 3,410 Treasury c e r t i f i c a t e s of indebtedness 2,739 Treasury n o t e s 28,965 U. S . bonds 4,236 Other s e c u r i t i e s 12,689 Reserve w i t h Federal Reserve Banks 792 Cash i n v a u l t 2,243 Balances with domestic baaks 1,062 Other a s s e t s - n e t L I A B I LIT IES 48,833 Demand d e p o s i t s adjusted 14,555 Time d e p o s i t s except Govt. 768 TJ. &. Government d e p o s i t s 9,297 Interbank demand depositssDomestic banks Foreign banks 1,347 7*789 5,667 4,311 1,442 883 2,667 806 390 2,355 841 524 8,926 2,706 1*869 2,150 982 605 6 170 335 3 20 17 13 1 7 2 7 27 27 2 5 14 15 60 216 279 144 918 1,145 698 609 10,410 1,391 4,761 175 126 384 5 8 75 1 236 61 86 77 1,190 267 508 43 105 54 55 15 235 13 211 73 109 166 2,197 324 797 84 155 65 24 22 174 3 185 52 159 109 1,360 121 489 63 170 54 25 36 69 4 174 19 201 145 960 189 461 43 175 47 34 76 312 5 356 422 420 489 4,293 596 1,709 98 379 82 19 15 146 3 187 48 103 88 782 147 402 29 112 24 12 5 55 — 92 18 38 64 556 72 224 12 92 15 17,937 2,207 3,075 1,314 56 455 5 12 34 461 2,104 1,794 535 598 25 47 501 390 6 7 18 10 25 17 176 211 1,363 6,321 472 2,448 18 139 659 1,468 26 3 19 65 61 15 168 666 815 252 22 302 3 15 11 97 1,100 605 372 22,042 745 1,090 7 116 4 183 81 187 121 1,318 96 533 58 115 82 897 5,836 51 314 15 470 2,396 2,146 383 34 334 12 18 27 299 Debits t o demand d e p o s i t a c c o u n t s , except 21,103 interbank and U«S,Govt, accounts 804 9,490 792 Borrowings Other l i a b i l i t i e s CAPITAL ACCOUNTS 206 2 1,174 426 260 2,543 862 514 2,893 '$ 32 293 20 8 226 3,037 1,200 660 * 663 * 2,713 * 2,436 825 545 2,280 1,043 733 555"" Francisco 11,236 4,582 1,992 wmmm 2 2 11 12 12 113 1 138 85 265 183 880 198 513 29 260 26 388 40 811 1 17 13 184 776 21 41 78 1 163 9 172 103 839 114 482 33 262 45 31 38 1,864 1 643 196 972 585 4,180 721 1,810 125 292 184 7,118 380 28 5,082 594 4 9 14 453 190 159 674 666 2,462 101 60
@FedFRASER