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BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM (For Immediate Release) January 26, 1949 H«4»2 CONDITION OF WEEKLY REPORTING MEMBER BANKS IN LEAPING CITIES The condition statement of weekly r e p o r t i n g 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 19« Increases of $1425,000,000 in holdings of United S t a t e s Government s e c u r i t i e s , $151,000,000 i n demand d e p o s i t s a d j u s t e d , and 1152,000,000 in United S t a t e s Government deposits# 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 increased $15,000,000 in New York City and 612,000,000 in the Chicago D i s t r i c t , and decreased $13,000,000 in the St* Louis D i s t r i c t ; t h e r e was a net decrease of only §1,000,000 at a l l r e p o r t i n g member benks* Loans to brokers and dealers f o r purchasing or carry* ing United S t a t e s Government s e c u r i t i e s decreased $153*000,000, l a r g e l y in New York C i t y . Holdings of Treasury b i l l s increased £125,000,000 in the Chicago D i s t r i c t , $71,000,000 in New York C i t y , £21,000,000 each in t h e Boston D i s t r i c t and the Philadelphia D i s t r i c t , and $268,000,000 a t a l l r e p o r t i n g member banks* Holdings of Treasury c e r t i f i c a t e s of indebtedness increased $87,000,000 in New York City and $98,000,000 a t a l l reporting member banks, and decreased #23,000,000 in the Chicago D i s t r i c t . Holdings of United S t a t e s Government bonds increased I20,000,000 in the San Francisco D i s t r i c t and $58,000,000 a t a l l r e p o r t i n g member banks, and decreased $20,000,000 in New York City* Demand deposits a d j u s t e d increased $151,000,000 in New York City and $29,000,000 i n the Boston D i s t r i c t , and decreased $44,000,000 in the Richmond D i s t r i c t . United S t a t e s Government deposits increased in a l l d i s t r i c t s . Demand deposits c r e d i t e d to domestic banks decreased $69*000,000, and demand deposits credited to f o r e i g n banks increased $118,000,000. Borrowings decreased $106,000,000 in New York City and 0111).,000,000 a t a l l r e p o r t i n g member banks* 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 follows: Jan. 1?, 19U9 Increase or decrease since Jan. 12, Jan., 21, 19U8 19U9 (in millions ASSETS + Loans and investments - t o t a l 62,879 Loans - net 24,949 Loans - gross# 25,236 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 15,414 Loans to 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 581 + Other s e c u r i t i e s 4o6 Other loans f o r purchasing or carrying: U. S. Government o b l i g a t i o n s 196 Other s e c u r i t i e s 456 Real e s t a t e loans 4,081 + Loans to banks 185 Other loans 3,917 + U. S. Government s e c u r i t i e s - t o t a l 33,749 + Treasury b i l l s 2,425 + Treasury c e r t i f i c a t e s of indebtedness 5,613 + Treasury notes i,o44 + U* S. bonds 24,667 Other s e c u r i t i e s 4,181 Reserve with Federal Reserve Banks 14,713 Cash in v a u l t 803 Balances with domestic banks 2,262 L I A B I L I T I E S + Demand deposits a d j u s t e d 47,670 Time deposits except Govt. 15)02? U* S* Government d e p o s i t s + 1,071 Interbank demand d e p o s i t s : Domestic banks — Foreign banks + Borrowings 143 Debits to demand deposit accounts, except interbank and U. S. Govt, accounts, during week 21,822 # See footnote on following page. VM of d o l l a r s ) -2,651 283 +1,555 138 +1,692 138 + 572 1 133 7 + 360 10 3 4 2 3 5 425 268 98 1 58 4 3 59 25 - 134 48 + 560 + 3 + 389 -4,137 + 71 +2,176 -1,742 -4,642 69 +2,167 + 24 - 157 151 35 152 69 118 114 -1,300 + 449 + 405 - 586 + 210 + 13 A333T3 AiB LIA3ILIT3 2KL PCr;TIl:G i-SMBitft BANKS i:,: LkfiDIilG CITIES, JANUARY 19, 1949 F e d e r a l R e s e r v e D i s t r i c Total J Weston j i'j@y iPhila- Cleve- RichAll St. Minne- Kansas L .. 1 York Idelphia land mond Atlanta Chicago Louis districts apolis :;ity (Dallas ASSETS Loans and investments - total loans - net// Commercial, industrial, & agr'l loans Loans to brokers and dealers for purchasing or carrying: U« S. Government obligations Other securities Other loans for purchasing or carrying: U. 3. Government obligations Other securities Real estate loans Loans to banks Other loans U. S. Government securities-total Treasury bills Treasury certificates of indebtedness Treasury notes U, S. bonds Other securities Reserve with Federal Reserve Banks Cash in vault Balances with domestic banks Other assets - net L I A B I L I T I E S Demand deposits adjusted Time deposits except Gov't U. S. Government deposits Interbank demand deposits:Domestic banks Foreign banks Borrowings Other liabilities CAPITAL ACCOUNTS Debits to demand deposit accounts, except ^interbank and li, S. Govt, accounts frSee footnote on previous page. San Francisco (in millions of dollars) 62,379 24,949 15,414 2,316 1,060 694 581 406 196 456 4,081 185 3,917 33,749 2,425 5,613 1,044 24,667 4,131 14,713 803 2,262 1,181 47,670 15,027 20,437 8,464 5,938 549 305 12 17 137 2 203 1,655 146 306 47 1,156 101 581 58 102 79 43 195 420 145 977 10,742 848 1,434 186 8,274 1,231 5,749 166 122 488 <c,P.">5 4,337 2, d,5l8 909 1,493 862 515 922 412 2,295 854 543 8,702 2,734 1,885 2,186 1,014 619 1,179 440 251 2,418 884 575 2,325 1,124 791 11,131 5,111 2,269 14 22 1 5 2 3 5 3 14 3 15 33 7 20 20 276 97 202 0 6 1 272 227 214 1,348 2,503 1,529 116 81 123 149 325 199 115 34 44 1,049 1,940 1,205 278 127 341 871 534 544 90 65 44 104 149 151 52 64 50 17 21 60 34 66 340 12 4 194 410 1,258 5,343 42 499 326 760 40 242 850 3,822 183 625 505 1,991 106 42 194 336 53 83 10 12 161 1 8 14 45 89 1,037 66 233 54 6 12 127 1 164 1,330 172 302 71 785 204 582 30 313 26 1,420 472 1 17 14 16,862 2,385 2,088 440 3,093 2,054 1,374 578 1,767 534 6,238 2,528 2,?07 1,335 109 602 2,446 3tl 12 2 25 307 1,447 35 34 458 3§ 7 1 16 219 5?i 10 6,005 2,399 487 42 300 27 6 55 320 26 184 21,822 898 9,193 822 1,224 695 624 I ; # 1,022 5 214 684 135 483 29 124 24 5 63 —• 116 659 43 154 14 448 30 244 13 86 14 836 255 a 692 3 2 16 174 29^ 3 8 14 99 3,102 610 397 7P0 189 1,082 50 284 42 706 119 582 32 317 49 14 29 2,103 4 737 5,263 239 1,121 155 3,748 757 2,047 128 264 199 1,832 381 ag 1 2,010 416 7,021 5,177 4 100 12 194 15 195 6 144 717 888 697 2,672 6 • • ••
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