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STATEMENT FOR THE PRESS Form F. R. 28k For immediate y e l e a s e Board of Governors of the Federal Reserve System January 9 , I9k5 Condition of Weekly Reporting Member Banks in Leading C i t i e s The c o n d i t i o n statement of weekly reporting member banks i n 101 leading c i t i e s shows the 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 3*, A decrease of $356,000,000 i n l o a n s ; i n c r e a s e s of $520,000,000 in holdings of United S t a t e s Government o b l i g a t i o n s of which $1*36,000,000 was ip Treasury b i l l s , $ 1 5 1 , 0 0 0 , 0 0 0 . i n balances with domestic banks, and $k08,000,000 in d e p o s i t s c r e d i t e d t o domestic banks; and a decrease of $375*000,000 in demand d e p o s i t s adjusted. 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 declined $27,000,000 in New Yor% C i t y , . $2k,000,000 i n the Chicago D i s t r i c t , $23,000,000 i n the Cleveland D i s t r i c t , and $103,000,000 a t a l l reporting member banks. Loans t o brokers and dealers f o r purchasing or carrying United S t a t e s Government o b l i g a t i o n s d e c l i n e d $186,000,000 and other loans f o r the same purpose declined $110,000,000, both l a r g e l y in New York C i t y . Holdings o f Treasury b i l l s increased $k23,000,000 i n New York C i t y and $1*36,000,000 at a l l reporting member banks. Holdings of Treasury c e r t i f i c a t e s of indebtedness d e c l i n e d $1*1,000,000 in the Chicago D i s t r i c t , $36,000,000 in the San Francisco D i s t r i c t , and $9,000,000 at a l l reporting member banks, and increased $62,000,000 in New York City. Holdings of United S t a t e s Government bonds declined $71,000,000 i n New York C i t y and increased i n most of t h e other d i s t r i c t s ; the n e t increase was $41,000,000# Demand d e p o s i t s adjusted d e c l i n e d $175*000,000 in New York C i t y , $131*,000,000 i n the Chicago D i s t r i c t , and $375,000,000 at a l l reporting member banks. Time d e p o s i t s increased i n n e a r l y a l l d i s t r i c t s and the t o t a l increase was $83,000,000, Deposits c r e d i t e d t o domestic banks increased in n e a r l y a l l d i s t r i c t s , the p r i n c i p a l increase being $21*3,000,000 i n New York C i t y . 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 reporting member banks follows $ Jan. 3, 1945 ASSETS Increase or decrease s i n c e Jan. 5* Dec. 27, I9hh l9ilU ( 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 59,887 + 150 +10,360 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 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 Other s e c u r i t i e s Other loans f o r purchasing or carryingi 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 12,630 6,1*15 - 356 103 + 1,21*5 721* - 186 18 + + 502 + 1,1*16 - 110 + + 1,079 51 53 k7 Treasury b i l l s Treasury c e r t i f i c a t e s of indebtedness Treasury notes U, S, bonds Obligations guaranteed by U. S, Government Other s e c u r i t i e s Reserve with Federal Reserve Banks Cash i n v a u l t Balances with domestic banks 35k 1.05k 107 1,315 2,86k 10,090 9,301 21,1*53 615 2,93k 9,238 597 2,1*1*6 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 U. S. Government d e p o s i t s Interbank d e p o s i t s ; Domestic banks Foreign banks Borrowings 3k.667 7,696 43,915 9,875 890 97 Debits t o demand d e p o s i t accounts, except interbank accounts, during week 17,076 Digitized forand FRASER U,S. Govt, - + - • - + - + + + - + 1 k 1*8 20 136 9 51 kl 1 Ik 90 60 151 — 375 +83 + 79 + 1*08 1 - ck + - + + - + + + + + + + 1,927 80 161 60 315 1,1*20 k,58k 3,735 1,13k lk3 522 k5 217 + 035 + 1,1*81 + 6,967 + *979 + 7 0 + Ii8 form i» R* 28l*a STATEMENT FOR THE PRESS Board of Governors of the Federal Reserve System January li, 19^5 For immediate release CONDITION OF WEEKLY REPORTING MEMBER BANKS IN CENTRAL RESERVE CITIES (In millions of dollars) Hew York C i t y I n c r e a s e or decrease since Jan* 3, Dec, 2 7 , J a n . 5 , J a n . 3, 19145 I9hh I9l4.ll 19U5 Chicago I n c r e a s e or decrease 5 s i n c e Bee.- 27, Jan • 5 » I9I4.I1 - A 8 8 B T 8 Loans and I n v e s t m e n t s - t o t a l Loans - t o t a l 21,929 5,313 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 2,137 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. Govt, o b l i g a t i o n s 991 Other s e c u r i t i e s %h Other l o a n s f o r p u r c h a s i n g or carrying: U.S. Gevt. o b l i g a t i o n s 707 Other s e c u r i t i e s 139 Real e s t a t e l o a n s 73 Loans t o banks 92 Other l o a n s 330 Treasury b i l l s T r e a s u r y c e r t , of i n d e b t , Treasury notes U. S'. bonds Obligations guaranteed by U. S. Gove rnment Other s e c u r i t i e s i Reserve w i t h F$ R. Banks Cash i n v a u l t B a l a n c e s w i t h d o m e s t i c banks Other a s s e t s - n e t +3,768 5,150 - 83 + 885 - 2 08 +1,200. 1,161 - 8 + 186 - 27 + h9 7li9 - 21 - 12 - 163 * lit + + 39U 120 91 39 - 1 .* 1 + + + + + 5L5 22 18 132 ' 5h + 11 + 5 --- 3 + 106 + 13 2 1 - U9 + + + 19 I)!: 297 192 + 205 76 7 2 5U 5 25 Lj.2 2 69 - 71 166 + 299 +1,733 +1,378 253 1,055 795 1,810 162 ~ 1 - ih + 3,256 95 36 279 - 79 - 13 + 6 - 3 + + + 73 7 12 5 12,1488 907 6,001 -175 + lk + 75 + 9U8 3,U30 3,396 7,711 966 + 1*23 + 62 + lit + + I4.6 - 20 - li 8 51 6 f + + + 19 31 355 —+ 6 + hh 391 + 203 39 + 25 - 1 + 11 + 2 25 6 31 2 33 + 1U2 +3,lli7 3,029 633 1,393 -100 + 7 + 22 + + + 1,170 16 + 27 Ikl 71 hi I4I + + LIABILITIES Demand d e p o s i t 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 Interbank deposits 3 Domestic banks F o r e i g n banks Borrowings Other l i a b i l i t i e s CA PITAL ACCOUNTS 3,131 . 803 70 357 1,788 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 7,812 2li3 - l - 52 - Xh + 26 + + 3U8 66 51 36 98 1,577 + - 1 1 87 120 729 11+2 2 - - *- •• 39 350 - + + -- 11 28 Form F. R, 28l*b ASSETS AND LIABILITIES Total All New d i s t r i c t s Boston York ASSETS Loans and Investments - total Loans - t o t a l Commercial, industrial, & agr*1 loans Loans to brokers and dealers for purchasing or carrying! U.S.Government obligations Other securities Other loans for purchasing or carrying* U.S.Government obligations Other securities Real estate loans Loans to banks Other loans Treasury b i l l s Treasury c e r t i f i c a t e s of indebtedness Treasury notes U. S. bonds Obligations guaranteed by U.S»Governmant 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 U. S. Government deposits Interbank deposits: Domestic banks Foreign banks Borrowings Other l i a b i l i t i e s CAPITAL ACCOUNTS Debits to demand deposit accounts, except interbank and U.S.Govt, accounts 59,887 12,630 6,1*15 e d e r a I R e s e r v e Di s t r i c t Phila- Cleve- RichSt. Minne- Kansas San delphia land mond Atlanta Chicago Louis apolis City Dallas Francis co (In millions of dollars} 3,151* 21*, 005 2,1*68 1,720 1,973 1,503 8,982 1,895 1,200 1,972 1,681 6,076 1*28 5,678 69U 331* 1,673 363 1*67 230 959 358 1*10 1,056 1*17 2,597 229 211* 11*3 266 120 398 225 271 999 536 1,215 721* 1*1* 18 1,1*16 351* 1,03k 107 1,315 2,861* 10,090 9,301 21,1*53 19 16 61* 3 113 202 655 1*02 1,132 2,931* 12 57 9,238 597 2,1*1*6 1,21*8 1*1*3 63 131* 58 615 31*, 667 7,696 13,915 9,875 890 97 1,671* 1*,602 17,076 % 8 71*3 11*9 7 162 15 9 11*8 160 36 92 5 - 101* 125 391 222 1,016 171* 3ol* 813 3,760 625 293 3,75L 8,565 1,051* 1,81*2 62 190 1*3 1,01*2 236 153 1* 31* 993 552 1*01 3,1*88 128 129 321* 31 102 50 13,806 1,671 2,905 1,1*36 189 1,055 900 6,391 551* 839 306 3,253 565 377 18 805 3 9 - 1 85 26 18 370 37 231* 1*52 : 269 • 1,928 339 787 8,265 - 653 95 1*5 3 5 3 1* 60 9 1*8 1 59 118 308 319 817 19 58 1*1* 8 21* 1 65 51* 265 375 220 28 9 66 3 87 72 297 322 562 20 113 30 5 23 330 38 322 6 7 62 77 211* 72 1,983 • 1 6 23 1,096 I89 50 6ol* 19 123 29 151* 35 1,132 1,085 279 327 261* 519 1*1*8 535 2 5 » 60 133 2 119 399 1,757 1,375 3,170 75 533 1,1*26 101* 1*1*2 72 82 118 12 115 5,166 1,526 2^075 1,651 2o 3 50 535 1*30 1*38 2,1*88 — — - *» 992 273 317 618 1 7 9 122 1*16 58 95 31*3 357 52 30 293 —• 132 171 11 103 13 387 23 297 22 337 21* 257 31 853 1*8 1,161* 1,11*5 226 210 321 309 81*9 51*6 - 2 - — 1 6 7 112 133 2,989 629 167 332 282 2 — «•» 1*1 21 22 72 1*38 11 21 10 37 1* 21* 23 51 92 323 261 530 20 1*5 206 126 23 — 1*5 1*1* 199 318 21 1 1* — 7 79 261* 652 35 562 490 98 376 1,066 1 ,.012 2,087 109 370 299 500 1,669 l,09l* 1*1*5 23 — '• 1,050 506 1,187