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BOARD OF GOVERNORS t|F THE FEDERAL RESERVE SYSTEM Hi4.2 (For Immediate Release) February 4, 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 January 28: Decreases of $198 million in loans adjusted, $164 million in holdings of U. S. Government securities, $254 million in reserve balances with Federal Reserve Banks, $572 million in demand deposits adjusted, and $518 million in demand deposits credited to domestic banks, and an increase of $358 million in U. S. Government deposits. Commercial and industrial loans decreased in all but one district and a total of $141 million at all reporting member banks; the principal decreases were $23 million in New York City, $20 million each in the Cleveland and San Francisco Districts, $16 million each in Chicago and in the Boston District, and $15 million in the Kansas City 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 $79 million. Holdings of Treasury bills decreased $48 million, Treasury certificates of indebtedness $107 million, and Treasury notes $34 million. Holdings of "other" securities decreased $56 million. Demand deposits adjusted decreased $143 million in the New York District, $139 million in the San Francisco District, $82 million in the Boston District, $62 million in the Cleveland District, and $53 million in the Richmond District. Borrowings from Federal Reserve Banks increased $14 million and borrowings from others increased $228 million. Loans to banks increased $221 million. A summary of assets and liabilities of reporting member banks follows: Increase or January 28, decrease since Jan r 21, Jan. 29, 1959 1958 1959 (In mjLllions of dollars) A S S E T S Loans and investments adjusted l/ 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 95,179 53,896 29,678 597 1,319 9,665 11,744 + + U. S. Government securities - total Treasury bills Treasury certificates of indebtedness Treasury notes U. S. bonds Other securities 32,126 - 18,294 9,157 + Loans to banks Reserves with Federal Reserve Banks Cash in vault Balances with domestic banks 1,748 13,013 1,039 2,376 + 2,119 - - + - - 2,069 - 3,640 - 8,123 - - - + - 418 +8,992 Ikl 2 + 523 160 79 + 474 19 9 7 + + + 194 921 518 198 164 48 107 34 25 56 221 254 26 97 +1,651 +6,203 + 638 +1,841 +3,458 + 266 +1,138 + - 291 445 - 104 + 8 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. 58,620 572 1 28,320 + 358 2,947 10,268 518 41 1,395 14 + 316 + 228 1,172 valuation reserves; +2,486 +3,530 +1,766 + 16 - 138 + 198 + 390 ASSETS AND LIABILITIES OF WEEKLY REPORTING MEMBER BANKS IN LiBADIWg CITIES j JAHBftRY^S , 1 # 9 R e s e r v e D i s t r i c t F e d e r a 1 Total San St. Minne- Kansas Phila- Cleve- Rich- Atlanta Chicago New All Dallas Boston Francisco City apolis Louis mond land elphia York Districts 1 (In millic>ns of dc) liars) " A S S E T S 3,758 12,399 2,938 1,602 3,753 4,499 19,699 6,583 3,774 4,062 28,641 3,471 95,179 Loans and investments adjusted l/ 902 2,018 2,732 11,155 6,191 1,621 2,037 1,996 2,154 3,556 2,478 17,056 53,896 Loans adjusted 1/ 443 1,020 1,652 807 4,505 1,079 3,695 919 1,713 11,271 1,139 1,435 29,678 Commercial and industrial loans 6 278 14 170 4 19 47 19 17 1 12 10 597 Agricultural loans Loans to brokers and dealers for 6 40 69 23 124 25 177 35 31 37 27 1,525 2,119 purchasing or carrying securities Ot&er loans for purchasing or carrying 214 48 11 189 69 31 23 60 428 20 53 173 1,319 -securities 4o4 219 4,367 274 313 838 215 909 197 225 1,304 400 9,665 Real estate loans 2,069 242 651 689 492 621 1,351 477 774 647 774 2,957 11,744 Other loans 5,014 1,066 6,519 536 1,376 1,433 1,387 1,453 2,399 995 32,126 1,229 8,719 U. S. Government securities - total 268 128 62 66 27 117 372 77 133 52 697 70 2,069 Treasury M i l s 182 104 132 741 432 125 59 274 197 151 1,049 3,640 194 Treasury certificates of indebtedness 1,269 142 1,189 363 299 303 297 307 2,402 911 273 368 8,123 — Treasury notes 4,241 308 3,021 1,081 703 925 776 597 955 519 4,571 18,294 597 tL S. Ibonds 164 2,025 334 628 1,194 251 359 334 2,866 325 322 355 9,157 Other securities 41 14 30 70 395 9 78 13 43 57 42 956 1,748 Loans ~to tanks 2,244 1,880 201 583 534 506 540 817 397 490 4,302 13,013 Reserves-with Federal Reserve Banks 519 178 50 120 45 17 108 56 83 37 227 53 65 1,039 Cash in vault 46o 208 268 146 286 320 136 156 75 169 75 2,376 Balances with domestic banks 77 548 81 40 46 198 91 197 113 103 124 95 1,277 2,913 Other assets - net E.4.2(a) ' \ 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 C A P I T A L A C C O U NTS 58,620 28,320 079 669 9,823 9,999 352 697 4 344 4 901 2 948 16 494 134 22 31 61 23 35 49 4 21 40 40 13 48 8 44 93 l4 266 653 379 314 174 400 521 1,537 7,670 3,605 400 721 645 90 903 106 2,460 935 120 412 23 476 10 438 8 733 13 1,591 33 43 71 367 667 120 10,268 343 30 2,891 6 24 132 63 504 1,494 37 71 26 72 105 486 3,583 425 764 1,105 2,797 1,270 134 2,674 877 150 2,494 2,9^7 1,395 72 2,513 720 126 4,175 2,001 206 18,311 6,550 1,071 46 382
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