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H»I*,2 BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM (For Immediate Release) January ill, 19^8 CONDITION OF WEEKLY REPORTING MEMBER BANKS LEADING CITIES The condition statement of weekly reporting member banks in leading c i t i e s shows the following p r i n c i p a l changes; f o r the week ended January 7i An increase of $501,000,000 i n holdings of Treasury b i l l s and a decrease of $1*12,000,000 in reserve balances with Federal Reserve 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 $13,000,000. Loans t o brokers and dealers f o r purchasing or carrying United S t a t e s Government s e c u r i t i e s decreased $23,000,000 i n New York City and $1*7,000,000 a t a l l r e p o r t i n g member banks. Loans t o brokers and dealers f o r purchasing or carrying other s e c u r i t i e s decreased $33,000,000 i n New York City and $50,000,000 a t a l l r e p o r t i n g member banks. Other loans f o r purchasing or carrying United States Government and other s e c u r i t i e s decreased $36,000,000* Holdings of Treasury b i l l s increased in n e a r l y a l l d i s t r i c t s , the p r i n c i p a l increases being $316,000,000 in New York City and $86,000,000 in the. Chicago Dist r i c t , Holdings of Treasury c e r t i f i c a t e s of indebtedness increased $1+9,000,000, Holdings of Treasury notes decreased $28,000,000. Holdings of United S t a t e s Government bonds decreased $59,000,000 i n New York City and $107,000,000 a t a l l r e p o r t i n g member banks. Demand deposits a d j u s t e d decreased $92,000,000 in the Chicago D i s t r i c t , $5U,000,000 in the Kansas City D i s t r i c t , $1*2,000,000 in the Minneapolis D i s t r i c t , and $65,000,000 a t a l l r e p o r t i n g member banks, and increased $38,000,000 in the Richmond D i s t r i c t and $37,000,000 in the San Francisco D i s t r i c t , United States Government deposits decreased $227,000,000 , Borrowings increased $32,000,000 in the Chicago D i s t r i c t , $26,000,000 in New York City, and $91,000,000 a t a l l r e p o r t i n g member banks. A summary of the a s s e t s and l i a b i l i t i e s of r e p o r t i n g member banks follows $ Increase or decrease since Jan. 8, Dec. 31, • 19U7 19U7 Jan. 7, 19^8 ASSETS Loans and investments - t o t a l 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 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 : U. S. Government obligations Other s e c u r i t i e s Other loans 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 Real e s t a t e loans Loans t o 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 i n v a u l t Balances w i t h domestic banks L I A B I L I T IBS Demand deposits a d j u s t e d Time deposits except Govt, U. S, Government deposits Interbank demand d e p o s i t s ; Domestic banks Foreign banks Borrowings 1*8,620 11*, 561 61*5 10,285 1,346 128 Debits t o demand deposit accounts, except interbank and U„ S, Gpvt. accounts, during week 19,372 1949 25 ( I n m i l l i o n s of d o l l a r s ) +1 ,15b +326 65,11*2 +1*,066 -100 23,229 +3 ,330 <• 13 11,61*5 21*5 l*j*2 353 501 3,1+72 11*1* 3,127 2,031 3,387 2,826 29,398 14,271 12,726 81*5 2,566 ' 568 2 - hi - 50 + - 23 - 13 + 12 + 38 - 1* +501 + 1*9 - 28 -107 + 11 -1*12 + 19 -128 31*2 8 965 + 30 + 657 +1 ,277 -2 ,920 598 987 + 318 + 782 + 57 + 215 - 65 - 8 -227 +2 ,056 + 1*81 955 + 39k + 8 1* + 3h - 7 + 91 + ASSETS AND LIABILIT EES OF WEEKLY REPORTING MEMBER BANKS' Iff UBAPING PITIES; JANUARY 7, I9U6 F e d e r a I Res e r v e Pi s t r i o t Total San MinneS Kansas Dallas New P h i l a - Cleve- Rich- Atlanta C h i c a All Boston Francisco 6 ° | L o u i s City apolis York delphia land mond districts (In millions of dollars). 'ASSETS 1,181 2,1*07 2,268 11,21*7 8,863 2,153 65,11*2 2,866 22,352 2,586 I*,291 2,563 2,365 Loans and investments - t o t a l l*,5b5 801* 1,023 1*16 865 1,1*52 7914 81*0 2,693 971* 23,229 1,081 7,71*2 Loans - t o t a l 1,970 717 252 529 880 381 527 1,869 603 513 730 5,671* 11*, 61*5 Commercial, i n d u s t r i a l , & agr*"l loans Loans to brokers and dealers f o r purchasing or carrying* 2 22 I 21 6 190 3 21*5 U. S. Government obligations 26 29 8 5 16 20 11 308 1*1*2 Other s e c u r i t i e s Other loans for purchasing or carrying* 1*0 11* 27 22 12 28 28 60 35 6 16 65 U. S. Government obligations 353 12 38 ho 15 5 22 71* 36 11 11* 218 16 501 Oth^r s e c u r i t i e s 1,837 111 77 11*3 310 55 172 69 232 271* 76 116 3,1+72 Real e ^ a t e loans 1 2 3 6 5 111 13 ihh 3 Loans to banks 631 131* 155 182 90 167 216 35k 183 230 902 183 3>U27 Other loans 126 68 il* 281* 9 21 31* 26 30 65 51 1,303 2,031 Treasury b i l l s 1,027 168 25I* 82 1*1*3 188 39 11i* 155 Treasury c e r t i f i c a t e s of indebtedness 97 195 625 3,387 613 119 187 lOi* 67 11*8 110 503 176 81 117 601 2,826 Treasury notes It, 199 839 811* 895 575 981 i*,3i*2 U. S. bonds 29,398 1,333 10,655 1,193 2,213 1,359 110 737 70 11*5 199 187 598 119 268 323 89 1,1*26 Other s e c u r i t i e s 1+^71 1,878 502 520 219 1*31* 1*73 1,695 513 850 1*86 527 1*,629 Reserve with Federal Reserve Banks 12,726 125 3it 29 13 108 31 1*5 88 1*6 69 68 189 81*5 Cash in vault 328 307 125 330 11*2 385 191 207 180 119 116 136 Balances with domestic banks 2,566 1*2 21* 177 23 15 71* 1*7 61 53 1,018 Other assets - net 76 371 55 L I A B I L I T I E S 7,208 827 1,786 1,865 6,199 !>3S* Demand deposits adjusted 1*8,620 2,1*29 17.819 2,156 3,108 2,089 1,768 5,080 252 387 379 2,1*1*0 1*72 Time deposits except Govt. 550 389 1,316 1*95 2,202 599 lit, 561 11* 27 2 6 16 22 79 105 1*2 U. S. Government deposits 30 1*3 25 216 61*5 506 31*8 903 673 1,601 Interbank demand depositstDomestic banks 10,285 1*1*1 7k3 567 501 375 318 3,309 60 3 1 5 Foreign banks 1* 25 12 6 5 9 21 1,195 l>3it6 2 10 3 l 2 32 6 1 Borrowings 1 128 70 153 10 12 13 15 16 Other l i a b i l i t i e s 23 55 31* 27 1*70 50 878 669 97 181* 189 168 668 211 176 CAPITAL ACCOUNTS 1*61 301 311* 2 , 3 9 6 5,83U HJkJ2(a) Debits to demand deposit accounts,except interbank and U.S.,Govt, accounts 19,372 812 8,031 775 994 61*3 675 2,696 582 1*03 702 61*9 2,1*10
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