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BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM (For Immediate Release) January 12, 1949 HiU2 CONDITION OF WEEKLY REPORTING MEMBER BANKS IN LEADING CITIES The condition statement of weekly reporting member banks in leading c i t i e s shows the following principal changes for the week ended January ps A decrease o $590,000,000 in loans; increases of $197,000,000 in holdings of United States Government securities and $6tt3,000,000 in demand deposits credited to domestic banks; and a decrease of $357,000,000 in demand deposits adjusted. Commercial, industrial, and agricultural loans decreased in nearly a l l districts and $195,000,000 at a l l reporting member banks; the principal decreases were $53,000,000 in New York City and #5,000,000 in the Chicago District. Loans to brokers and dealers for purchasing or carrying United States Government securities decreased $255,000,000, largely in New York City, Substantial increases in holdings of Treasury certificates of indebtedness and decreases in holdings of Treasury notes occurred in all districts# partially reflecting the exchange of maturing notes for a new certificate issue. Holdings of Treasury b i l l s increased $226,000,000 in New York City, $50,000,000 in the San Francisco District, and $390,000,000 at a l l reporting member banks. Demand deposits adjusted decreased $102,000,000 in New York City, $111,000,000 in the Chicago District, and $$L,000,000 in the Kansas City District* Time deposits increased $58,000,000. United States Government deposits decreased in a l l districts and the total decrease at a l l reporting member banks was $159,000,000. Demand deposits credited to domestic banks increased in a l l districts. Borrowings decreased $125,000,000 in New York City and $134,000,000 at a l l reporting member banks, A summary of the assets and l i a b i l i t i e s of reporting member banks follows: ASSETS 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 U. S Government securities - total Treasury b i l l s Treasury certificates of indebtedness Tre&sury notes U, Sv bonds Other securities Reserve with Federal Reserve Banks Cash in vault Balances with domestic banks LIABILITIES Demand deposits adjusted ' Time deposits except Govt, U. S. Government deposits Interbank demand deposits: Domestic banks Foreign banks Borrowings^ _ Debits to demand deposit accounts, except interbank and U. S. Govt, accounts, during week * December 29, 19U8 figures revised (Boston District) # See footnote on following page. A5&21 Increase or Jan. decrease since Dec. 29, Jan. 7, 5, 1948 1948 19U9 (In millions of dollars) -2,50k -113 62,638 +1, 740 -590 214,969 +1,877 -556 25,256 + 61i8 -195 15,366 620 U38 -255* - 18 + 375 li 203 + 1* - it 67 4,061 164 3,937 33,484 2,197 5,669 1,057 21,561 4,185 lit, 961* 812 2,365 147, U37 15,053 1,199 9,722 1,158 66 25,157 — 2 - i - 77 - 9 +U97 +390 +927 -787 - 33 - 20 + 71 -107 +118 -357 + 58 -159 +61t3 — II4 -13U 150 35 + 576 + 20 + 447 - I t , 158 + 1.66 +2,282 -1,769 -14,837 86 +2,238 33 - 201 -1,183 + 1492 + 554 - 563 + 112 — 62 ASSETS* AND, ^LIABILITIES, pF.JjEEKLY REPORTING MEWER BAMS IN LEAD IMG CITIES,/JAmARY 5,- 1%9 F e d e r a 1 Re s e r v e Di s t r i Ct Total Minne- Kansas Dallas New P h i l a - Cleve- Rich- Atlanta C h l o a All Boston e ° | i ^ u l s a p o l i s City delphia land mond York districts ( I n m i l l i o n s of d o l l a r s ) H.iu"2(a) ASSETS Loans and investments - t o t a l Loans - net Commercial,industrial, & a g r ' l loans Loans t o brokers and d e a l e r s 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 loans f o r purchasing or c a r r y i n g : U.S. Government obligations Other s e c u r i t i e s heal e s t a t e loans Loans t,o banks Other loans U. S. Government s e c u r i t i e s - t o t a l 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 i n v a u l t Balances with domestic banks Other a s s e t s - net L I A B I L I T I E S Demand deposits a d j u s t e d Time deposits except Gov't U. S. Government deposits Interbank demand depositssDomestic banks Foreign banks Borrowings Other l i a b i l i t i e s CAPITAL ACCOUNTS Debits t o demand deposit accounts,except u interbank and U.S.Govt, account frSee fon-kro-he on nretri ou3 nacre „ http://fraser.stlouisfed.org/ < *> Federal Reserve Bank of St. Louis • * » 2,562 U,326 2,502 867 908 l,k7k kl2 52U 917 2,285 862 5k9 62,638 21,969 15,366 2,796 1,073 695 20,513 8,1*77 5,90U 620 U38 16 8 569 318 1 18 6 12 ——— 6 5 203 12 17 137 1 205 1,626 159 287 15 1,135 97 575 61 115 76 16 3 8 91 20 33 15 26 275 1 226 272 1,381 2,509 lkk 139 316 17k 117 3k 1,03K 1,932 273 3k3 888 5k8 k6 89 139 99 58 50 199 17 35 65 5 195 1,239 36 1*67 k,06l 16k 3,937 33,wa 2,197 5,669 1,057 21,561 k,i85 1U,96U 812 2,365 1,166 kl6 151 981 10,797 811 l,k6o 187 8,339 1,239 5,866 182 123 k85 3 21k 1,508 75 559 6k 181 k6 11,210 1,37k 82k 789 * % - —— kll 5,171 299 860 6,138 2,523 2k5 l,k88 31 1,190 127 980 953 10 2k5 3,767 630 2,120 320 25,157 2o 61 339 k3 8kk 18k k99 k3 212 51 26 18k 59 1 5 316 I,7k3 532 33 ammm 2k kl k5 3,065 2 , 0 6 5 1,37k 577 61 9k k07 k71 6 5 2 16 31 220 k58 2,378 k8k k9 311 22 2,lk5 198 16,90b 2,11k 2,1+28 kkl 52 38k 3,099 35k 1,268 11 l 53 25 587 2,14*6 307 k7,k37 15,053 1,199 9,722 1,158 66 997 6,013 « 198 - - - 8,527 2,726 1,859 561 11 106 3k8 79 4 1,011 622 2,323 8 8 9 1,12k 778 579 2,383 —- — —— 2 8 5 63 12 160 1 209 998 67 —- — 118 6kk 33 lk8 16 kk7 81 2k3 12 101 Ik 206 53 672 136 k93 29 133 23 6 6 12 128 1 163 1,289 lkl 17 k5 89 296 73 779 205 2,099 1 7k2 5,2k2 2k5 1,128 155 3,71k 751 2,025 119 292 209 887 2,773 3,k65 679 k26 797 1 16 28 7,011 5,175 136 k88 91 696 * 1,080 k8 280 kk 708 119 3 13 1,96k kl2 37 6k7 5 3 15 19k lk 99 & 198 5,120 2,280 33 307 k8 1,827 381 k7 866 1 6 13 19k 59 ——— 11,113 582 28 315 27 839 255 22 301 3 —— - - - k 1,389 k71 39 729 k 1 16 17k *•> — % 1,163 k38 2k7 San Francisco 566 1 136 721
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