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y.ll.2 BOARD OF GOVERNORS OP THE PEDERAL RESERVE SYSTEM (For Immediate Release) January 7 , 19^-7 CONDITION OF WEEKLY REPORTING 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 101 leading 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 December $1i Decreases of $226,000,000 i n l o a n s , $378,000,000 in 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, $555,000,000 i n demand d e p o s i t s a d j u s t e d , and $277,000,000 i n borrowings; and an i n c r e a s e of $21$,000,000 i n United S t a t e s Government d e p o s i t s . 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 d e c l i n e d i n most d i s t r i c t s and the decrease a t a l l r e p o r t i n g member banks was $65,000,000, Loans t o b r o k e r s and d e a l e r s <for p u r c h a s i n g or c a r r y i n g United S t a t e s Government s e c u r i t i e s i n c r e a s e d $81,000,000*, and 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 o t h e r s e c u r i t i e s d e c l i n e d $151,000,000. Holdings of T r e a s u r y b i l l s i n c r e a s e d $217,000,000 i n New York C i t y , $ 6 5 , 0 0 0 , 0 0 0 i n the Chicago D i s t r i c t , and $319,000,000 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 and of United S t a t e s Government bonds dec l i n e d $52,000,000 and $50,000,000, 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 d e c l i n e d i n most d i s t r i c t s , t h e p r i n c i p a l decreases being $213,000,000 i n New York C i t y , $60,000,000 in t h e Cleveland D i s t r i c t , $59,000,000 in the San F r a n c i s c o D i s t r i c t , and $57,000,000 i n the P h i l a d e l p h i a B i s t r i c t . Time d e p o s i t s i n c r e a s e d $67,000,000. United S t a t e s Government d e p o s i t s i n c r e a s e d i n a l l d i s t r i c t s . Deposits c r e d i t e d t o domestic banks 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 was $196,000,000* Borrowings of weekly r e p o r t i n g member banks d e c l i n e d $277, 000,000 and on December 31 amounted t o $6,000,000. 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 ; I n c r e a s e or decrease s i n c e Dec. 2Zi, 191*6 ASSETS it Dec, 31, 1916 ( I n m i l l i o n s of d o l l a r s ) Loans and investments - t o t a l 56,153 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 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 loans f o r p u r c h a s i n g or c a r r y i n g t 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 16,69k 10,269 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. b o n d s ( i n c l u d i n g guaranteed o b l i g a t i o n s ) Other s e c u r i t i e s . Reserve w i t h F e d e r a l Reserve Banks Jash i n v a u l t Balances w i t h domestic banks 9U7 128 - 20 -11,795 - 226 65 + 80k + 3,020 + - 81 151 • - 963 U53 1,563 67 2,302 + + 2h - 1.8U7 + 7 + 1+68 16 + 588 886 + 319 52 25 50* 875 - 6,928 - 1,997 + 155 68U k3k 5,202 3,039 26,902 3,130 + - - - + 10,111 639 2,231 16 7 10 116 + k& 2k Ilk + - 106 29 361 555 67 + 2,915 + 1,018 -m,8Uo - 1,650 + 88 226 lk* 378 - 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 * U. S. Government d e p o s i t s I n t e r b a n k d e p o s i t s j Domestic banks Foreign banks Borrowings 39,981- 10,121 1,86L 9,UU2 1,271 6 + + + - 2k9 196 1 277 Debits t o demand d e p o s i t a c c o u n t s , except 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 18,395 *Dec. 21l f i g u r e s r e v i s e d (New York D i s t r i c t ) ASSETS AND'LIABILITIES OF WEEKLY REPORTING MEMBER BANKS IN 101 LEADING CITIES, DECEMBER 31, 19^6 To t a l F e d e r a l ]R e s e r v e ) 1 s t r i c t All Mew P h i l a - Cleve- RichSt. Minne- Kansas San d i s t r i c t s Boston York d e l p h i a land mond A t l a n t a Chicago Louis a p o l i s City- Dallas F r a n c i s c o A S ~S E T S ( 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 1,928 8,106 1,876 " 1,174 2,100 1,867 2,792 20,066 2,302 -4,570 um 6,703 56,153 Loans - t o t a l 2,214 886 1,265 6,306 16,694 787 730 1,899 653 550 334 475 595 Commercial, i n d u s t r i a l , & agr*1 loans 4,022 '420 1,105 10,26? 648 187 244 356 - 527 575 339 1,467 379 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 l 12 l l 13 23 87 741 4 57 7 947 Other s e c u r i t i e s 2 21 21 11 27 428 276 6 4o 7 7 5 5 Other loans 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 20 16 22 11 100 72 171 85 684 56 65 33 33 Other s e c u r i t i e s 12 22 11 68 8 15 13 33 39 199 5 434 9 Real e s t a t e loans 62 101 401 219 42 50 185 4o 1,563 48 91 249 75 ——— ——— Loans t o banks 2 2 2 1 1 l 1 2 51 67 4 Other loans 228 82 661 208 113 2,302 172 117 231 150 147 96 97 treasury bills 12 16 60 6 127 886 32 42 31 90 19 57 394 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 221 223 981 1,588 5,202 192 183 305 792 47 194 379 97 Treasury notes 1,028 88 214 88 123 119 136 441 127 190 388 3,039 97 I L S . b o n d s ( i n c l u d i n g guaranteed o b l i g a t i o n s ) 628 2,861 848 760 26,902 ,1,449 10,384 1,082 2,408 1,033 633 796 4,020 Other s e c u r i t i e s 162 1,166 218 165 292 431 56 78 84 134 565 3,430 79 Re-serve w i t h F e d e r a l Reserve Banks 1,012 10,111 196 425 417 346 340 3,864 767 383 1,462 446 453 Cash i n v a u l t 22 26 11 52 42 24 151 31 64 90 89 639 37 Balances w i t h domestic banks 201 121 100 250 284 138 114 114 289 129 2,234 4o4 90 Other a s s e t s - n e t 21 21 18 68 71 583 51 34o 34 1,390 75 35 73 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 1,153 2,273 15,991 1,903 3,120 1,347 1,341 5,537 765 1,466 1,475 3,610 39,981 Time .de p o s i t s 2,182 320 318 2,017 10,421 234 269 1,378 456 2,023 374 377 473 U. S. Government d e p o s i t s 216 261 50 165 6k 69 1,064 670 78 92 47 54 98 I n t e r b a n k d e p o s i t s ; Domestic banks 621 832 402 583 336 503 1,601 457 2,950 293 367 9,442 497 2 —— — Foreign banks 6 1,123 50 1,271 23 13 4 7 29 5 9 —» — ——«* ——— Borrowings ——— — — ——— — —6 3 3 Other l i a b i l i t i e s 11 12 11 21 1,530 2,287 41 13 84 29 437 54 44 CAPITAL ACCOUNTS 2,162 158 151 632 131 296 263 147 144 589 5,255 489 93 H» 14..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 , except i n t e r b a n k and U.S. Govt, accounts 18,395 827 8,763 814 1,250 483 496 2,552 488 310 627 562 1,223
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