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BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM ^ (For Immediate Release) January 10, 1951 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 3? Decreases of $182,000,000 in loans, $378,000,000 in holdings of United States Government securities, $394,000,000 in demand deposits adjusted, $377,000,000 in United States Government deposits, and $269,000,000 in borrowings, and an increase of $921,000,000 in demand deposits credited to domestic banks. Commercial, industrial, and agricultural loans increased $53,000,000 * n New York City, and decreased $14,000,000 in the St. Louis District and $12,000,000 in the Chicago District; the net increase at all reporting member banks was $20,000,000. Loans to brokers and dealers for purchasing or carrying United States Government securities decreased $178,000,000. Holdings of Treasury notes increased $719,000,000 and holdings of Treasury certificates of indebtedness decreased $787,000,000, reflecting the exchange of the last outstanding issue of certificates of indebtedness for a new note issue. Holdings of Treasury bills decreased $291,000,000 in New York City, and increased $54,000,000 in the Chicago District; there was a net decrease of $308,000,000 at all reporting member banks. Demand deposits adjusted decreased $354,000,000 in New York City, $66,000,000 in the Philadelphia District, and $43,000,000 each in the Atlanta District and the Chicago District outside of Chicago. United States Government deposits decreased and demand deposits credited to domestic banks .increased in all districts. Borrowings decreased $123,000,000 in the Chicago District and $67,000,000 in New York City. A summary of the assets and liabilities of reporting member banks follows: Increase or decrease since Jan. 4, Dec. 27, 1950 1950 (In millions of dollars) A S S E T S Loans and investments - total +3,992 71,214 575* +6,744 Loans - net 182 31,417 +6,811 Loans - gross 147 31,854 +4,008 + 20 Commercial, industrial, and agricultural loans 17,859 Loans to brokers and dealers for purchasing or carrying: - 190 U. S. Government obligations 178 512 + 14 1,066 + 239 Other securities Other loans for purchasing or carrying: - 1 U. S. Government obligations 174 + + 151 Other securities 15 576 10 Real estate loans + 5,280 + 933 Loans to banks + 239 510 9 Other loans +1,431 18 5,877 H.4.2 * U.S. Government securities - total Treasury bills Treasury certificates of indebtedness Treasury notes U. S. bonds Other securities Reserves 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 33,296 2,470 — - • - 9,268 21,558 6,501 + 13,003 894 2,874 + 51,248 15,576 1,319 11,221 1,409 469 Debits to demand deposit accounts, except interbank and U. S. Government accounts, during week 32,410 * December 27 figures revised (San Francisco District) - - - + - + • + - 378* 308* 787 719 2 15 -4,218 72 -6,866 +5,811 -3,091 +1,466 265* 111* 285* + + + 394* 26* 377 921 3 269 +3,273 + 190 - 858 + 928 + 107 + 245 / OHjfc 229 85 194 H.4.2(a) ASSETS AND LIABILITIES OF WEEKLY REPORTING MEMBER BANKS IN LEADING CITIES, JANUARY 3, 1951 Total F e d e r a 1 R e s e r v e D i s t r jL e t all Phila- Cleve- RichNew St. Minne- Kansas San Boston Atlanta Chicago districts York delphia land mond Louis apolis City Dallas Francisco A S S E T S (In millions of do]Liars) Loans and investments - total 71,214 4,963 2,825 2,567 10,068 3,194 23,114 2,918 1,260 2,384 2,749 2,756 12,416 Loans - net# 1,403 10,860 1,201 1,842 1)131 1,130 31,417 1,240 1,186 1,460 3,398 6,014 552 868 680 Commercial, industrial, and agr'l loans 647 17,859 544 2,145 280 6,759 969 710 761 1,029 2,467 Loans to brokers and dealers for purchasing or carrying: — «• 8 1 — 18 512 2 U. S. Government obligations 459 15 2 1 6 1,066 84l 12 86 14 Other securities 27 8 35 7 5 3 19 9 Other loans for purchasing or carrying: 12 2 11 U. S. Government obligations 174 12 11 2 4 23 37 37 8 15 6 20 61 Other securities 265 65 14 576 31 25 14 42 28 5 144 5,280 246 Seal -estate loans 448 209 725 358 92 238 103 169 119 2,429 1 10 61 Loans to banks 510 2 2 389 1 5 35 4 340 Other loans 302 318 1,545 376 297 5,877 633 272 167 260 236 1,131 1,564 10,124 1,366 tjL S-. Government securities - total 2,649 1,517 1,222 33,296 960 1,286 1,140 5,720 566 5,182 866 146 Treasury bills 110 468 2,470 150 60 89 69 198 163 17 134 - Treasury certificates of indebtedness 2,160 Treasury-notes 9,268 412 694 331 356 514 1,714 298 178 452 1,7§0 379 U. S. ^besSs 1,087 21,558 7,098 1,805 921 3,268 602 639 3,538 636 995 371 598 Other securities 6,501 2,130 227 472 184 351 215 142 177 950 1,220 156 277 Reserves with Federal Reserve Banks 13,003 4,902 1,886 420 512 490 536 224 791 451 540 514 1,737 Cash in vault 202 68 894 44 65 50 91 117 40 34 13 35 135 Balances with domestic banks 126 2,874 129 167 108 205 161 173 458 386 237 425 2 99 Other assets - net 86 1,367 28 56 16 554 54 44 79 65 55 93 237 L I A B I L I T I E S Demand deposits adjusted 51,248 2,708 17,514 2,317 1,498 3,554 2,212 1,844 7,027 856 2,073 2,198 7,447 Time deposits except Govt. 481 2,686 482 1,362 15,576 427 2,645 241 388 592 523 427 5,322 U. S. Government deposits 61 4l6 40 1,319 42 92 245 71 57 43 52 167 33 Interbank demand deposits: Domestic banks 11,221 464 3,403 546 327 491 656 813 980 865 1,797 350 529 Foreign banks 8 1,409 36 1,136 4 50 17 11 2 128 9 5 3 Borrowings 4 401 6 469 2 8 19 14 1 11 3 Other liabilities 868 63 26 1,572 36 45 26 18 85 30 33 21 315 CAPITAL ACCOUNTS 482 240 6,538 321 208 2,521 334 106 228 191 229 773 905 Debits to demand deposit accounts, except interbank and U. S. Govt accounts 32,410 1,289 14,281 1,220 4,451 1,995 1,012 1,000 852 1,067 1,256 516 3,471 ^Individual loan items are reported gross, i.e., before deduction of valuation reserves. - w «*• — - - - — - - — — — •» — — — — - m. * — •» mm mm mm *+•
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