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BOARD OF GOVERNORS OP THE FEDERAL RESERVE SYSTEM (For Immediate R e l e a s e ) H.4.2 January 2 8 , 1959 CONDITION OF WEEKLY REPORTING MEMBER BANKS IN LEADING CITIES The c o n d i t i o n statement 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 the week ended January 211 Increases of $1,26!+ m i l l i o n i n h o l d i n g s o f Treasury n o t e s , $499 m i l l i o n i n demand d e p o s i t s a d j u s t e d , and $1,561* m i l l i o n i n U. S . Government d e p o s i t s , and a decrease of $993 m i l l i o n in 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 l o a n s decreased i n most d i s t r i c t s and a t o t a l o f $231 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 d e c r e a s e s were $81 m i l l i o n i n New York C i t y , $6!*. m i l l i o n in the San Francisco D i s t r i c t , $22 m i l l i o n i n t h e Cleveland D i s t r i c t , $17 m i l l i o n i n the Boston D i s t r i c t , and $15 m i l l i o n in the D a l l a s D i s t r i c t * Changes according t o i n d u s t r y appear i n another press 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 U» S, Government and o t h e r s e c u r i t i e s i n c r e a s e d $155 m i l l i o n . Holdings o f Treasury n o t e s i n c r e a s e d i n a l l d i s t r i c t s , r e f l e c t i n g purchases o f a new i s s u e . Holdings of Treasury c e r t i f i c a t e s of indebtedness decreased $128 m i l l i o n , U. S . Government bonds $133 m i l l i o n , and "other"' s e c u r i t i e s $88 m i l l i o n . 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 $234 m i l l i o n i n New York C i t y , $92 m i l l i o n i n t h e Kansas City D i s t r i c t , $83 m i l l i o n in t h e Chicago D i s t r i c t , $77 m i l l i o n i n the A t l a n t a D i s t r i c t , and $65 m i l l i o n i n the Cleveland D i s t r i c t , but they decreased $155 m i l l i o n i n t h e San Francisco D i s t r i c t , Borrowings from Federal Reserve Banks decreased $65 m i l l i o n and borrowings from o t h e r s decreased $181 m i l l i o n . Loans t o banks decreased $9 m i l l i o n . A S S E T 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 l o a n s f o r purchasing or carrying s e c u r i t i e s Real e s t a t e l o a n s Other l o a n s 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 o f indebtedness Treasury n o t e s U. S. bonds Other s e c u r i t i e s Loans t o banks Reserves w i t h Federal Reserve Banks Cash in v a u l t Balances w i t h domestic banks Increase or January 2 1 , decrease s i n c e Jan. 14, 1959 Jan. 22, 1959 1958 (In m i l l i o n s o f d o l l a r s ) + 95,597 54,094 29,819 595 903 55 251* T 6 2,198 + 155 1,500 9,656 11,751 + 52,290 2,117 5,747 8,157 18,269 9,215 1,527 15,267 1,015 2,475 5* +9,076 +1,421 - 600 + 157 + 565 + 184 21 + 909 + 504 +1,024 + 21 128 + 1 ,264 155 * 88 +6,429 + 728 + + + - - 20 9 194 95 127 +i,95i +5,475 + 275 +1,226 » + + 98 515 2 56 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 U. S, Government U. S. Government d e p o s i t s Interbank 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 * FRASER January 14 Digitized for f i b r e s r e v i s e d (New York D i s t r i c t ) . 59,192 28,321 2,589 10,786 1,436 302 944 + k99 + 55 +1,564 - 993 11 65 - 181 +2,636 +3-729 +1,602 + + 285 118 4 99 ASSETS AMD LIABILITIES OF WEEKLY REPORTING MEMBER BANKS IN LEADING CITIES, JANUARY 21, R e s e r v e D 1 8 t r F e d e r a 1 Total St. New P h i l a - Cleve- RichAll Chicago Atlanta Boston Louis mond land delphia York Districts ( I n m i l l i o n s of d o l l a r s ) ASSETS 6,616 4,078 28,780 3,801 3,769 12,501 2,954 3,500 Loans and investments adjusted 1 / 95,597 2,010 2,044 2,l6l 6,230 1,627 54,094 3,556 2,493 17,129 Loans adjusted l / 812 1,149 29,819 1,451 11,302 3,711 9191 1,082 1,733 Commercial and i n d u s t r i a l loans 6' 12 12 20 1 3 19 Agricultural loans 595 9 Loans t o "brokers and d e a l e r s f o r 28 2,198 43 123 211 purchasing or carrying s e c u r i t i e s 1,514 29 52! 35 Other loans f o r purchasing or carrying 461 411 54 21 174 209 1,300 23 securities 59 838 216 401 1,306 405 908 225 9,656 Real e s t a t e loans 275 644 689 1,346 619' 489 3,025 Other loans 11,751 755 759 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 n o t e s U. S. bonds Other s e c u r i t i e s 32,290 2,117 3,747 8,157 18,269 9,213 1,230 73 194 361 602 355 8,760 718 1,126 2,365 4,551 2,891 1,013 53 151 293 516 326 2,424 143 281 913 1,087 636 Loans t o banks Reserves with Federal Reserve Banks Cash i n v a u l t Balances with domestic banks Other a s s e t s - n e t 1,527 13,267 1,013 2,473 2,878 54 537 63 96 123 697 4,579 223 164 1,260 20 493 52 73 102 37 890 103 l4l 113 59,192 28,321 2,589 3,161 668 97 18,454 6,534 962 2,497 668 100 4,237 2,002 191 10,786 1,436 364 30 3,006 1,131 434 26 302 944 3,036 1 13 132 37 5U 1,488 10,149 485 3,580 L I A B I L I T I E S Demand d e p o s i t s adjusted Time d e p o s i t s except U. S. Government U. S. Government d e p o s i t s Interbank demand d e p o s i t s : Domestic banks Foreign banks Borrowings: From Federal Reserve Banks From others Other l i a b i l i t i e s CAPITAL Digitized1for / FRASER Exclusive of ACCOUNTS loans t o banks and a f t e r 1959 l e t Minne- Kansas San a p o l i s C i t y D a l l a s Francisco 1,604 907 447 18 3,801 2,06l 1,035 171 4,517 2,731 1,653 46 19,676 11,145 4,525 278 7 68 23 65 11 196 244 37 313 470 186 221 651 67 4,352 2,060 1,393 117 200 300 776 332 5,063 380 442 1,215 3,026 1,208 1,071 59 101 311 600 256 538 27 59 143 309 159 1,382 136 183 363 700 358 1,453 77 145 327 904 333 6,496 257 737 1,260 4,242 2,035 81 48i 57 292 89 80 1,823 118 273 194 27 4l6 37 143 46 29 193 15 75 4l 26 527 42 350 81 30 577 49 462 202 417 2,251 172 243 532 2,727 876 127 2,465 933 94 7,658 3,611 350 1,765 645 85 923 384 67 2,548 721 120 2,795 1,261 105 9,962 10,018 291 494 11 460 9 791 14 1,690 47 734 4 356 3 941 3 1,002 17 514 l4l 2 21 68 70 26 107 19 12 71 6 21 67 85 86 225 11 12 53 2 9 39 22 28 45 27 20 95 20 185 646 424 762 367 378 1,237 314 174 399 515 1,514 1,467 77 128 306 956 324 29 5001 82 l6l 95 '
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