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H,4,2 BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM (For Immediate Release) January 16, 1957 CONDITION OF MEEKLY REPORTING MEMBER BANKS IN LEADING CITIES The condition statement of weekly r e p o r t i n g member banks i n leading c i t i e s shows t h e following p r i n c i p a l changes f o r t h e week ended January 9: Decreases of $874 m i l l i o n i n loans a d j u s t e d , $502 m i l l i o n i n holdings of United S t a t e s Government s e c u r i t i e s , . $631 m i l l i o n i n balances with domestic banks, $1,230 m i l l i o n i n United S t a t e s Government d e p o s i t s , and $1,225 m i l l i o n i n demand d e p o s i t s c r e d i t e d t o domestic banks. Commercial and i n d u s t r i a l loans decreased i n a l l d i s t r i c t s and a t o t a l of $377 m i l l i o n a t a l l r e p o r t i n g member banks; t h e p r i n c i p a l decreases were $142 m i l l i o n i n New York C i t y , $82 m i l l i o n i n Chicago, $42 m i l l i o n i n t h e San Francisco D i s t r i c t , and $37 m i l l i o n i n t h e Cleveland D i s t r i c t . Changes according t o industry appear i n another p r e s s r e l e a s e . Loans t o brokers and d e a l e r s f o r purchasing or carrying United S t a t e s Government and o t h e r s e c u r i t i e s decreased $385 m i l l i o n , 11 Other" loans decreased $88 m i l l i o n . Holdings of Treasury b i l l s decreased $287 m i l l i o n i n New York City and a t o t a l of $396 m i l l i o n a t a l l r e p o r t i n g member banks. Holdings of Treasury notes and of United S t a t e s Government bonds decreased $33 m i l l i o n and $60 m i l l i o n , r e s p e c t i v e l y . Holdings of " o t h e r " s e c u r i t i e s decreased $60 m i l l i o n . Demand d e p o s i t s a d j u s t e d increased $141 m i l l i o n a t a l l r e p o r t i n g member banks; t h e p r i n c i p a l changes were i n c r e a s e s of $92 m i l l i o n i n t h e Dallas D i s t r i c t , $65 m i l l i o n i n t h e Richmond D i s t r i c t , and $57 m i l l i o n i n t h e Atlanta D i s t r i c t , and d e c r e a s e s of $131 m i l l i o n i n t h e San Francisco D i s t r i c t and $61 m i l l i o n i n t h e New York D i s t r i c t . Time d e p o s i t s increased $116 m i l l i o n . Borrowings from Federal Reserve Banks decreased $55 m i l l i o n and borrowings from o t h e r s increased $141 m i l l i o n . Loans t o banks decreased $129 m i l l i o n . A summary of 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 f o l l o w s : ASSETS Increase or Jan. decrease since 9, • Jan, 11, Jan, 2 , 1957 1956 1957 * (In m i l l i o n s ,oj d o l l a r s ) . Loans and investments a d j u s t e d l / Loans a d j u s t e d l / Commercial and i n d u s t r i a l loans 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 carrying s e c u r i t i e s Other loans f o r purchasing or carrying s e c u r i t i e s Real e s t a t e loans Other loans 86,198 52,501 30,304 455 1,745 1,201 8,822 10,981 - 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 26,272 1,697 690 5,189 18,696 7,425 — Loans t o banks Reserves with Federal Reserve Banks Cash i n v a u l t Balances with domestic banks 1,261 13,665 1,086 2,525 — - - — — "" - + - 1,436 874 377 1 385 7 17 88 502 396 13 33 60 60 129 65 46 631 + + + — — + + - + - - + - + — 488 4,645 4,444 111 917 94 695 809 3,414 302 169 1,760 1,787 743 363 41 18 9 LIABILITIES Demand d e p o s i t s a d j u s t e d Time d e p o s i t s except U, S, Government U, S, Government d e p o s i t s I n t e r b a n k demand d e p o s i t s : Domestic banks Foreign banks Borrowings: From Federal Reserve Banks From o t h e r s 1/ 57,770 22,204 1,130 11,415 1,637 254 929 141 116 1,230 1,225 82 55 141 + + 651 621 208 278 210 448 445 Exclusive of l o a n s t o banks and a f t e r deduction of v a l u a t i o n r e s e r v e s ; i n d i v i d u a l loan items a r e shown g r o s s . Digitized*for FRASER January 2 f i g u r e s r e v i s e d . ASSETS AND LIABILITIES OF WEEKLY REPORTING MEMBER BANKS IN LEADING CITIES, JANUARY 9, 1957 F e d e r a l R e s e r v e D i s t r i c t Total San All P h i l a - Cleve- Rich- A t l a n t a Chicago S t . Minne- Kansas Dallas New Boston F r a ncisco C i t y a p o l i s Louis mond land Districts delphia York ( I n rnillK >ns of d(>llars) ASSETS 3,480 3,377 11,714 2,790 1,459 3,421 3,849 17,101 6,118 86,198 3,877 25,717 3,295 Loans and investments a d j u s t e d 1 / 878 l , 8 l 8 2,453 10,455 6,313 1,676 1,874 1,867 3,497 2,487 16,931 2,252 52,501 Loans a d j u s t e d 1 / 4,353 880 432 974 1,513 3,927 901 1,031 1,756 1,509 11,839 1,189 30,304 Commercial and i n d u s t r i a l loans 223 114 25 18 18 13 11 2 7 2 12 10 455 A g r i c u l t u r a l loans Loans t o b r o k e r s and d e a l e r s f o r 76 4 27 25 211 27 4l 36 129 58 24 1,087 1,745 purchasing or c a r r y i n g 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 144 26 74 26 15 183 52 144 50 42 424 21 1,201 securities 205 3,965 285 176 276 812 169 784 226 335 1,213 8,822 376 Real e s t a t e loans 1,920 4l8 580 480 247 1,295 576 595 743 791 603 2,733 10,981 Other loans 5,104 894 433 1,262 1,155 4,314 1,328 1,214 2,032 6,683 776 1,077 26,272 U. S. Government s e c u r i t i e s - t o t a l 242 84 26 119 224 83 68 76 53 38 584 100 1,697 Treasury b i l l s 62 78 31 11 13 48 43 37 74 32 46 215 Treasury c e r t i f i c a t e s of indebtedness 690 1,009 204 109 333 234 771 358 283 534 136 1,049 169 Treasury n o t e s 5,189 805 3,775 287 564 779 3,276 740 1,348 955 570 4,835 762 18,696 U. S. bonds 1,542 241 341 148 220 1,087 296 278 589 267 2,103 313 7,425 Other s e c u r i t i e s 242 6 39 30 5 39 35 60 9 25 721 50 1,261 Loans t o banks 2,284 580 526 213 424 1,891 500 544 922 509 4,710 562 13,665 Reserves with F e d e r a l Reserve Banks 46 179 52 16 41 135 58 87 101 54 243 1,086 74 Cash i n v a u l t 230 520 72 365 158 280 239 182 146 169 79 85 2,525 Balances with domestic banks 200 395 26 54 42 129 101 73 75 92 1,076 103 2,366 Other a s s e t s - n e t E.4.2(a) L I A B I L I T I E S 7,489 1,710 2,623 2,291 4,201 3,093 18,262 2,502 57,770 Demand d e p o s i t s a d j u s t e d 694 3,273 577 722 1,792 489 4,458 Time d e p o s i t s except U. S. Government 22,204 591 39 45 137 76 40 79 U. S. Government d e p o s i t s 357 51 1,130 I n t e r b a n k demand d e p o s i t s : 800 1,710 853 516 443 537 3,197 369 11,415 Domestic banks 46 12 11 5 11 22 1,318 32 1,637 Foreign banks Borrowings: 6 45 79 17 42 22 5 2 254 From F e d e r a l Reserve Banks 20 162 6 19 436 33 77 43 929 From o t h e r s 47 150 82 52 53 69 1,431 122 2,717 Other l i a b i l i t i e s 281 1,101 324 341 673 405 448 3,155 9,045 CAPITAL ACCOU NTS 1/ Exclusive of loans t o banks and a f t e r deduction of v a l u a t i o n r e s e r v e s ; i n d i v i d u a l loan items a r e shown gross 900 303 30 2,396 589 55 2,688 866 52 9,615 7,850 169 374 4 993 5 1,025 18 598 153 3 2 31 144 20 11 38 344 4 10 111 433 9 110 531 1,396
@FedFRASER