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BOARD OF GOVERNORS OF T-HE FEDERAL RESEliVE SYSTEM (For Inmediate R e l e a s e ) H.U.2 January 7, 1959 CONDITION OF WEEKLY REPORTING MEMBER BANKS 1 1 IN LEADING 1 1 CITIES 1 ! 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 December 31: I n c r e a s e s of $586 m i l l i o n i n l o a n s a d j u s t e d , $668 m i l l i o n i n b a l a n c e s w i t h domestic banks, $56U 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 $1,359 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 l o a n s i n c r e a s e d i n most d i s t r i c t s and a t o t a l bf $258 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 $67 m i l l i o n i n t h e D a l l a s D i s t r i c t , $65 m i l l i o n i n New York C i t y , $Mi m i l l i o n i n Chicago, and $36 m i l l i o n i n t h e San F r a n c i s c o D i s t r i c t , and a decrease of $35 m i l l i o n i n t h e P h i l a d e l p h i a D i s t r i c t . Changes a c c o r d i n g t o i n d u s t r y appear i n a n o t h e r p r e s s r e l e a s e . 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 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 $203 m i l l i o n . : "Other" loans i n c r e a s e d $5U m i l l i o n i n New York C i t y , $35 m i l l i o n i n t h e Kansas C i t y D i s t r i c t , and a t o t a l of $1^7 m i l l i o n . Holdings of Treasury b i l l s i n c r e a s e d $it6 m i l l i o n and h o l d i n g s of " o t h e r " s e c u r i t i e s i n c r e a s e d $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 i n c r e a s e d $325 m i l l i o n i n New York C i t y , $170 m i l l i o n i n t h e Chicago D i s t r i c t , $lU7 m i l l i o n i n t h e Kansas C i t y D i s t r i c t , and $109 m i l l i o n i n t h e D a l l a s D i s t r i c t , b u t t h e y decreased $70 m i l l i o n i n t h e P h i l a d e l p h i a D i s t r i c t and $66 m i l l i o n i n t h e A t l a n t a D 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 $126 m i l l i o n . U.S. Government d e p o s i t s i n c r e a s e d $122 m i l l i o n . Demand d e p o s i t s c r e d i t e d t o domestic banks i n c r e a s e d i n a l l d i s t r i c t s except Cleveland; t h e l a r g e r i n c r e a s e s included $606 m i l l i o n i n New York C i t y , $178 m i l l i o n i n t h e D a l l a s D i s t r i c t , and $171 m i l l i o n i n Chicago. Borrowings from F e d e r a l Reserve Banks decreased $671 m i l l i o n and borrowings from o t h e r s decreased $891 m i l l i o n . Loans t o banks decreased $5l5 m i l l i o n . A summary of a s s e t s and l i a b i l i t i e s of r e p o r t i n g member banks f o l l o w s : I n c r e a s e or December 31* decrease s i n c e 1958 Dec, 2 i i f Dec. 31 1958 1957 ' ( I n m i l l i o n s of d o l l a r s ) A S S E T S Loans and i n v e s t m e n t s a d j u s t e d l / Loans a d j u s t e d 1 / Commercial an3 i n d u s t r i a l loans A g r i c u l t u r a l loans Loans t o b r o k e r s and d e a l e r s f o r p u r c h a s i n g or c a r r y i n g s e c u r i t i e s Other l o a n s f o r p u r c h a s i n g or carrying s e c u r i t i e s Real e s t a t e l o a n s Other l o a n s 96,gS2 5$,376 30,786 625 + 657 + 586 + 258 + 3 +7,575 + 718 -1,015 + 189 2,503 + 203 + 1,270 + 13 5 + 147 + 11 + 46 + 116 + 830 + 370 9,591 11,818 U.S. Government s e c u r i t i e s - t o t a l 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 n o t e s U. S. bonds Other s e c u r i t i e s 31,897 6,866 18,638 + Loans t o banks Reserves 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 domestic banks 790 13,187 1,051 3,239 - 515 - 298 + 27 + 668 2,282 4,111 9,289 28 7 60 313 +5,474 + 394 +2,359 +2,090 + 631 +1,393 + - 84 483 - + 46 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 59,065 + 564 +2,178 Time d e p o s i t s except U. S. Government 28,338 + 126 +3,996 U. S . Government d e p o s i t s 3,011 + 122 + 389 I n t e r b a n k demand d e p o s i t s ; Domestic banks 12,488 +1,359 + 183 Foreign banks + 28 1,584 - 139 Borrowings: From F e d e r a l Reserve Banks + 1 23 - 671 From o t h e r s + 2 2 - 891 E x c l u s i v e 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 l o a n items a r e shown g r o s s . * P r e l i m i n a r y (San F r a n c i s c o D i s t r i c t ) December 2 4 f i g u r e s r e v i s e d Digitized for** FRASER H.4.2(a) ASSETS AMD LIABILITIES OF WEEKLY REPORTING MEMBER BANKS IN LEADING CITIES, DECEMBER 31, 1958 F e d e r a l R e s e r v e D i s t r i c t Total San P h i l a - I Cleve-I Rich- Atlanta Chicago St. Minne- Kansas D a l l a s New All iBoston Francisco'* Louis apolis C i t y d e l p h i a l land | mond York Districts1 ASSETS 6,685 3,809 3,809 12,641 2,991 4,146 29,170 3,502 96,562 Loans and investments a d j u s t e d l / 6,427 3,610 2,039 2,079 1,675 2,198 2,535 17,711 55,376 Loans a d j u s t e d l / 846 1,108 3,807 967 30,786 1,489 11,691 1,190 1,795 Commercial and i n d u s t r i a l loans 20 23 8 l 13 15 625 3 7 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 116 36 309 36 33 1,717 31 2,503 53 purchasing or carrying s e c u r i t i e s Other l o a n s f o r purchasing o r c a r r y i n g 24 209 4ll 20 54 49 43 1,270 157 securities 276 216 910 400 223 839 399 1,299 9,591 Real e s t a t e loans 622 498 689 1,346 770 649 ll,8l8 3,019 763 Other l o a n s 2,434 1,445 1,057 1,390 4,995 972 1,256 8,574 31,897 U. S. Government s e c u r i t i e s - t o t a l 88 68 174 91 2,282 359 750 75 91 Treasury "bills 114 214 119 298 222 545 171 4,111 1,252 Treasury c e r t i f i c a t e s of indebtedness 288 1,069 212 803 252 253 1,831 6,866 309 Treasury n o t e s 800 3,022 615 983 4,741 521 1,159 634 18,638 U. S . "bonds 64l 340 1,219 2,885 259 325 332 9,289 355 Other s e c u r i t i e s 8 12 11 4 496 3 9 3 790 Loans t o banks 484 407 427 761 1,770 476 13,187 523 4,777 Reserves with F e d e r a l Reserve Banks 60 121 64 103 85 38 238 51 1,051 Cash i n v a u l t 184 194 342 187 138 192 379 123 3,239 Balances with domestic banks 207 45 111 103 120 93 95 1,275 2,877 Other a s s e t s - n e t L I A B I L I T I E S 1,698 7,641 4,212 2,616 2,341 2,4l4 3,131 18,512 Demand d e p o s i t s a d j u s t e d 59,065 648 881 3,636 2,011 667 667 935 6,530 28,338 Time d e p o s i t s e x c e p t U. S . Government 46l 214 98 132 124 1,113 97 U, S. Government d e p o s i t s 3,011 139 I n t e r b a n k demand d e p o s i t s : 863 904 582 540 1,877 12,488 Domestic banks 545 394 3,633 8 24 11 13 3 Foreign brinks 32 1,584 1,255 55 Borrowings:• 2 1 — — — From F e d e f a l Reserve Banks — 23 - * 5 From o t h e r s 2 107 215 54 1,504 71 72 Other l i a b i l i t i e s 131 79 3,025 314 368 1,245 760 427 10,170 : 485 3,596 377 CAPITAL ACCOUNTS 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 . 1 / Exclusive of loans t o banks and a f t e r * P r e l i m i n a r y (San Francisco D i s t r i c t ) . 1,606 921 456 17 3,784 2,086 1,063 172 4,620 2,835 1,715 53 19,799 11,260 4,659 293 11 44 44 73 11 196 246 521 30 60 114 317 164 1 198 16 105 40 35 311 494 1,335 128 181 322 704 363 8 491 45 485 80 188 227 657 1,440 95 163 272 910 345 6 581 50 688 203 69 4,295 2,065 6,478 333 772 1,141 4,232 2,061 229 2,292 180 222 505 929 383 55 2,618 719 113 2,899 1,272 105 10,054 9,989 360 383 4 985 2 1,252 16 530 l6l 15 "38 174 "49 396 — 104 500 — 605 1,528
@FedFRASER