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BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM H.4.2 (For Immediate Release) February 8, 1950 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 1: Decreases of $482,000,000 in United States Government securities, $747,000,000 in demand deposits adjusted, and $288,000,000 in demand deposits credited to domestic banks, and increases of $221,000,000 in United States Government deposits and $188,000,000 in borrowings. Commercial, industrial, and agricultural loans increased in five districts and decreased in the other seven, resulting in a net increase of $47,000,000 at all reporting member banks; the principal changes were an increase of $4$,000,000 in New York City and a decrease of $24,000,000 in Chicago, Loans to banks decreased $168,000,000. Substantial decreases in holdings of Treasury certificates of indebtedness and increases in holdings of Treasury notes occurred in most districts, partially reflecting the exchange of maturing certificates for a new 20-month note issue. Holdings of Treasury bills decreased $316,000,000 in New York City, $42,000,000 in the San Francisco District, and a total of $458,000,000 at all reporting member banks. United States Government bonds increased $61,000,000. Demand deposits adjusted decreased in nearly all districts; the principal decreases were $384,000,000 in New York City, $133,000,000 in the Chicago District, and $58,000,000 in the Philadelphia District. United States Government deposits increased in all districts, and demand deposits credited to domestic banks decreased in moet" district*. Borrowings increased $242,000,000 in New York City, and decreased $35,000,000 in the San Francisco District, — ' I ' — - Feb. 1, 1950 A S S E T S Increase or decrease since Feb. 2, Jan. 25, 1949 1950 -I «t J! A a! 551 92 87 47 +4,571 - 757 - 672 -1,400 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 67,267 24,487 24,861 13,918 U. S, Government securities - total Treasury bills Treasury certificates of indebtedness Treasury notes U. S. bonds Other securities 37,595 2,762 6,152 3,885 24,796 5,185 482 458 542 + 457 + 61. + 23 +4,327 + 775 + 788 +2,858 94 +1,001 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 12,384 706 2,049 + 147 76 172 • -1,996 20 + 38 47,767 15,359 2,449 9,039 747 4* 11 + 221 288 12 + 188 + + + + + Debits to demand deposit accounts, except interbank and U. S. Govt, accounts, during week 512 853 147 426 4,396 - + - 154 4,455 1,202 458 22,286 67 30 + 347 415 3 4 4 168 + + 39 51 317 104 537 - - - 822 314 888 408 298 179 ASSETS AND LIABILITIES OF WEEKLY' REPORTING MEMBER B A M S IN LEADING GITJES, FEBRUARY 1, 1950 _ _ _F _e_ d_ _e r a l D i s t r i c t R e s e r v e Total San Minne- Kansas St. New Phila Cleve- Richall Dallas Chicago Atlanta Francisco Louis apolis City mond districts Boston York delphia land Tin millions of dollars) A S S E T S 1,276 2,600 2,547 11,761 2,702 2,438 9,594 2 , 2 8 6 4,683 21,581 2,756 : 3,043 67,267 Loans and investments - total 5,000 428 964 1,192 881 883 2,551 977 1,463 8,188 921 1,039 24,487 Loans - net# 852 1,989 210 626 400 535 1,618 546 810 475 634 5,223 13,918 Commercial, industrial, and agr'l loans Loans to "brokers and dealers for purchasing or carrying: 20 -1 464 8 9 512 U. S. Government obligations 26 6 6 2 40 5 9 24 23 7 8 697 853 Other securities Other loans for purchasing or carrying: 8 4 8 7 18 3 12 10 26 2 38 11 147 U. S. Government obligations 40 23 11 11 5 21 18 53 38 181 18 426 7 Other securities 2,178 94 139 74 368 193 78 213 113 297 502 147 4,396 Real estate loans — «• 4 1 14 3 4 4 10 102 12 154 Loans to banks 204 837 183 l4l 222 459 240 237 270 1,124 315 223 4,455 Other loans 5,823 734 1,400 1,226 1,354 6,262 1,136 2,854 1,669 1,847 11,808 1,482 37,595 U, S, Government securities - total 180 106 157 25 52 746 81 130 120 158 100 907 2,762 lEreasury bills 1,108 324 296 187 210 985 251 337 188 347 1,616 303 6,152 Treasury certificates of indebtedness 134 723 176 85 177 747 139 145 l4l 329 944 145 3,885 "Treasury notes 3,812 662 771 437 697 3.784 2,058 1,143 797 8,341 995 1,299 24,796 XJ. S. bonds 938 129 236 114 173 781 201 152 366 1,585 353 157 5,185 Other securities 1,619 469 470 203 384 1.785 386 468 726 457 4,940 12,384 477 Reserve with Federal Reserve Banks 111 32 12 27 26 36 93 56 74 38 154 47 706 Cash in vault 265 282 88 263 113 291 163 145 135 96 121 87 2,049 Balances with domestic banks 215 26 16 55 25 92 56 50 65 467 59 83 1,209 Other assets - net L IA B I L I T I E S 6,920 853 1,895 1,984 1,407 6,466 3,165 2,062 1,730 2,469 16,702 2,114 47,767 Demand deposits adjusted 5,306 454 388 253 483 2,622 536 591 1,375 419 2,457 475 15,359 Time deposits except Govt. 294 89 70 57 63 60 475 112 168 152 111 798 2,449 U. S. Government deposits 435 658 660 295 777 1,409 516 380 452 2,816 365 276 9,039 Interbank demand deposits: Domestic banks 8 95 1 2 5 8 45 6 5 13 987 1,202 27 Foreign banks 6 16 13 3 2 39 13 10 7 347 2 458 Borrowings 145 16 14 18 17 64 30 18 30 35 670 1,108 51 Other liabilities 208 770 102 209 182 735 197 229 475 314 2,486 326 6,233 CAPITAL ACCOUNTS H« 4.2(a) — — «• — Debits to demand deposit accounts, accounts ~ interbank and U« S. Govt, 22,286 855 10,072 i.e., before deduction of 830 1,197 738 711 2,961 593 357 747 689 2,536
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