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BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM ( F o r Immediate R e l e a s e ) J a n u a r y 21, I9J4.8 H.4.2 CONDITION OF MEEKLY REfpRTING MEMBER BANKS IN LEADING CITIES The c o n d i t i o n s t a t e m e n t of weekly r e p o r t i n g member banks i n l e a d i n g c i t i e s shows t h e f o l l o w i n g p r i n c i p a l changes f o r t h e week ended J a n u a r y lU< I n c r e a s e s of $ 3 2 5 , 0 0 0 , 0 0 0 i n r e s e r v e b a l a n c e s w i t h F e d e r a l Reserve Banks and $ 3 4 3 , 0 0 0 , 0 0 0 i n demand d e p o s i t s a d j u s t e d . Commercial, i n d u s t r i a l , and a g r i c u l t u r a l l o a n s i n c r e a s e d i n n e a r l y a l l d i s t r i c t s and t h e t o t a l i n c r e a s e a t a l l r e p o r t i n g member b a n k s was $ 5 2 , 0 0 0 , 0 0 0 . Loans f o r p u r c h a s i n g o r c a r r y i n g U n i t e d S t a t e s Government and o t h e r s e c u r i t i e s d e c r e a s e d $ 9 2 , 0 0 0 , 0 0 0 . Real e s t a t e l o a n s and " o t h e r l o a n s " i n c r e a s e d $ 2 1 , 0 0 0 , 0 0 0 and $30,000,000, r e s p e c t i v e l y . Holdings of T r e a s u r y b i l l s d e c r e a s e d $ 2 3 5 , 0 0 0 , 0 0 0 i n New York C i t y and i n c r e a s e d i n n e a r l y a l l o t h e r d i s t r i c t s ; t h e r e was a n e t i n c r e a s e of $29*000,000 a t a l l r e p o r t i n g member b a n k s . Holdings of T r e a s u r y c e r t i f i c a t e s of i n d e b t e d n e s s d e c r e a s e d $ 5 8 , 0 0 0 , 0 0 0 i n t h e C i t y of Chicago and $ $ 0 , 0 0 0 , 0 0 0 a t a l l r e p o r t i n g member b a n k s . Holdings of T r e a s u r y n o t e s and of United S t a t e s Government bonds d e c r e a s e d $ 1 8 , 0 0 0 , 0 0 0 and $ 6 , 0 0 0 , 0 0 0 , r e s p e c t i v e l y . Demand d e p o s i t s a d j u s t e d i n c r e a s e d i n n e a r l y a l l d i s t r i c t s , t h e p r i n c i p a l i n c r e a s e s b e i n g $ 9 7 , 0 0 0 , 0 0 0 i n t h e Chicago D i s t r i c t , $ 5 5 , 0 0 0 , 0 0 0 i n New York C i t y , $ 5 4 , 0 0 0 , 0 0 0 i n t h e Boston D i s t r i c t , &nd $lt 1 , 0 0 0 , 0 0 0 i n t h e D a l l a s D i s t r i c t , United S t a t e s Government d e p o s i t s d e c r e a s e d $1*8,000,000. Borrowings d e c r e a s e d $ 2 4 , 0 0 0 , 0 0 0 i n t h e Chicago D i s t r i c t , $ 2 3 , 0 0 0 , 0 0 0 i n Few York C i t y , and $ 3 8 , 0 0 0 , 0 0 0 a t a l l r e p o r t i n g member b a n k s . A summary of t h e 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 : Jan. 14, W A S S E T S I n c r e a s e or decrease since J a n . 7, J a n . 15, 1948 1947 ( I n m i l l i o n s of d o l l a r s ) Loans and i n v e s t m e n t s - t o t a l 65,088 - 54 + 646 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 l o a n s Loans t o b r o k e r s and d e a l e r s f o r p u r c h a s i n g or c a r r y i n g » 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 l o a n s f o r p u r c h a s i n g or c a r r y i n g : 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 l o a n s Loans t o banks Other l o a n s 23,243 11,689 + + 14 52* +4,025 +3,252 181 426 - 64 16 - 337 505 3,U93 11*7 3,465 - 16 4 21 3 30* - Treasury b i l l s T r e a s u r y c e r t i f i c a t e s of i n d e b t e d n e s s Treasury notes U. S . bonds Other s e c u r i t i e s 2,060 3,327 2,808 29,392 1,258 - 29 60 18 6 13 + 927 -2,973 - 599 -1,039 + 305 Reserve w i t h F e d e r a l Reserve Banks Cash i n v a u l t Balances w i t h d o m e s t i c banks 13,051 842 2,551 - +325 3 15 +1,166 + 86 19 48,963 14,553 597 10,292 1,351 90 +343 8 - 48 + 7 + 5 - 38 +2,133 + 497 -1,073 - + + + + + - - 546 - + + + - 344 8 964 36 671 L I A B I L I T I E S 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 e x c e p t Govt, 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 t Domestic banks F o r e i g n banks Borrowings D e b i t s t o demand d e p o s i t a c c o u n t s , e x c e p t i n t e r b a n k and U, S . Govt, a c c o u n t s , d u r i n g week 20,665 • J a n , 7 f i g u r e s r e v i s e d (New York D i s t r i c t ) + 59 + - 13 13 ASSETS AMD LIABILITIES OF l.EEKLY REPORTING MEMBER BANKS' IN LEADING CITIES,"JANUARY ll*, 191*8 e d e r a l R e s e r v e D i s t r i c t Total S t . Minne- Kansas R i c h New P h i l a ICleveAll A t l a n t a Chicago Boston apolis City Louis mond d e l p h i a ; land York districts ' I n m i l l i o n s of d o l l a r s ) A S S E T S Loans and i n v e s t m e n t s - t o t a l 65,088 2,881 22,026 2 , 5 6 b 1 , 3 1 5 2 , 5 8 3 2 , 3 7 6 8 , 9 2 1 2 , 1 8 6 1,207 2,1*36 812 1*21 981 2,705 862 1,1*1*8 803 847 1,085 7,696 Loans - t o t a l 23,21*5 251* 1,868 607 536 Commercial, i n d u s t r i a l , & agr* 1 l o a n s ll*,689 5ll* 890 529 387 735 5,669 Loans t o b r o k e r s and d e a l e r s f o r purchasing or c a r r y i n g : 2 20 U. S . Government o b l i g a t i o n s 20 127 181 3 7 2 it 6 8 Other s e c u r i t i e s 5 15 1*26 39 8 301 19 Other l o a n s f o r p u r c h a s i n g or c a r r y i n g : 12 12 21 U. S . Government o b l i g a t i o n s 28 36 29 6 61 15 57 337 12 22 Other s e c u r i t i e s 15 11 220 36 5 Ik 16 15 505 112 11*1* 311 Real e s t a t e loans 55 69 116 76 233 279 m 3,1*93 — — — l 2 Loans t o banks l l 126 3 5 11*7 k 136 181* 18i+ 171 •Other l o a n s 93 217 356 232 181* 913 3,1*65 83 18 5h 33 389 Treasury b i l l s 30 2,060 51* 65 63 1,079 21*1 1*0 8 8 . 192 102 156 385 T r e a s u r y c e r t i f i c a t e s of i n d e b t e d n e s s 105 619 191 3,327 206 66 101 li-t-8 508 109 170 121 Treasury notes 78 2,808 573 817 576 895 98l* 1*,337 U» S . bonds 29,392 1,331* 10,61*3 1 , 2 0 0 2 , 2 0 6 1 , 3 6 5 71 11*5 199 120 187 268 321 Other s e c u r i t i e s 597 It,258 90 1,1*16 218 522 1*21 1,732 821 516 526 W5 Reserve w i t h F e d e r a l Reserve Banks 13,051 559 it,882 31 13 108 31 66 1*5 181* 81*2 1*5 Cash i n v a u l t 89 63 105 130 181* 337 382 217 181 110 126 11*8 B a l a n c e s w i t h d o m e s t i c banks 2,551 26 lit 23 62 78 52 50 Other a s s e t s - n e t 1,01*2 80 382 56 L I A B I L I T I E S 820 1,817 2 , 1 1 2 1,788 6 , 2 9 6 1,371 Demand d e p o s i t s a d j u s t e d 2,1*83 17,881* 2,161* 1*8,963 1*72 387 .253 600 2 , 4 3 7 2,201* 5hS Time d e p o s i t s e x c e p t Govt. 389 1*95 il*, 553 ll* 31 21 13 1*2 2 6 1*0 U. S. Government d e p o s i t s 21* 97 187 597 362 917 1.633 kyi 739 I n t e r b a n k demand d e p o s i t s ; D o m e s t i c banks 10,292 569 507 3,231* 379 319 1 2 26 12 6 8 Foreign banks 6 h 20 1,200 1,351 — — 1* 2 8 1* 5 Borrowings 1*6 I 6 5 90 12 10 16 60 23 2 1* Other l i a b i l i t i e s 27 1*71 51 33 902 183 661* 168 9 6 211 176 CAPITAL ACCOUNTS 300 311* 2 , 3 9 6 5,826 H.i*.2(a) D e b i t s t o demand d e p o s i t a c c o u n t s , e x c e p t i n t e r b a n k and U . S . G o v t , a c c o u n t s 20,665 • 799 8,690 73U i,ol*5 = 671 * 772 " 2,913 * 606 : = 1*59 ' 772 Dallas San Francisc- 2,291 1,033 722 11,299 1*,550 1*978 7 12 25 1*0 78 1 160 hk 35 39 1,81*6 3 635 180 1,031* 609 1**195 731 1,859 133 325 175 1,906 378 25 668 5 1 13 189 7,216 5,076 77 528 61 2 162 669 61*5 2,559 2 12 nk 119 81*0 113 510 32* 306