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H.U.2 BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM (For Immediate Release) July 1, 1953 CONDITION OF WEEKLY REPORTING MEMBER BANKS IN LEADING CITIES The condition statement of weekly reporting member banks in leading cities shows the following principal changes for the week ended June 24: Decreases of $633 million in reserve balances with Federal Reserve Banks, $1,527 million in demand deposits adjusted, and $64l million in demand deposits credited to domestic banks, and an increase of $586 million in United States Government deposits. Commercial, industrial, and agricultural loans decreased in most districts and a total of $188 million at all reporting member banks; the principal change was a decrease of $146 million in New York City. Changes according to industry appear in another press release. Loans to brokers aftd dealers for purchasing or carrying securities decreased $149 million. Loans to banks increased $93 million. "Other loans" increased $46 million. Holdings of Treasury bills decreased $117 million in New York City, $4-7 million in the Cleveland District, $39 million in the Chicago District, and $27 million each in the Atlanta and Kansas City districts; there was a net decrease of $277 million at all reporting member banks. Holdings of United States Government bonds decreased $26 million in the San Francisco District and a total of $36 million at all reporting member banks. Holdings of "other securities" decreased $47 million. Demand deposits adjusted decreased in all districts; the principal decreases were $774 million in New York City, $151 million in the Chicago District, $138 million in the Cleveland District, and $116 million in the San Francisco District. Time deposits increased $72 million. Demand deposits credited to domestic banks decreased in nearly all districts. Borrowings increased $109 million in the San Francisco District and a total of $169 million at all reporting member banks. A summary of assets and liabilities of reporting member banks follows: Increase or decrease since June 25, June 17, 1952 1953 June 2U, 1953 A S S E T S (In millions of dollars Loans and investments - total Loans - net Loans - gross Commercial, industrial, and agricultural loans Loans to brokers and dealers for purchasing or carrying securities Other loans for purchasing or carrying securities Real estate loans Loans to banks Other loans 76,065 39,443 40,062 22,797 U. S. Government securities - total Treasury bills Treasury certificates of indebtedness Treasury notes U« S. bonds Other securities 29,211 2,327 2,040 5,545 19,299 7,411 Reserves with Federal Reserve Banks Cash in vault Balances with domestic banks 14,872 965 2,652 + 53,454 18,541 2,750 9,831 1,275 705 -1,527 72 586 64l 19 + 169 1,567 745 6,304 710 7,939 • - - + + + - - - - 575 211 211 188 - 279 +3,494 +3,554 +1,842 lk9 - 463 + 80 + 498 + 78 +1,519 317 277 -3,723 -1,784 -1,683 - 453 + 197 50 24* 11* 93 46 k 36 47 633 35 170 + 87 32 264 L I A B I L I T I E S Demand deposits adjusted Time deposits except Government U. S» Government deposits Interbank demand deposits: Domestic banks Foreign banks Borrowings 17 figures Digitized*forJune FRASER revised (Boston District) + + - 121 +1,372 -1,890 + 151 7 12 H.A.2(a) A S S E T S ASSETS AND LIABIL! TIES OF WEEKLY REPORTING MEMBER BANKS IN LEADING CITIES, June 26. 1953 F e d e r a l R e s e r v e D i s t r i c t Total All Phila- Cleve- Rich- Atlanta Chicago St. Minne- Kansas Dallas New San Districts Boston York delphia land mond Louis apolis City Francisco (in millions of dollars) Loans and investments - total Loans - net# Commercial, industrial, and agr'l loans Loans to brokers and dealers for purchasing or carrying securities Other loans for purchasing or carrying securities Real estate loans Loans to banks Other loans 76,065 39,443 22,797 U. S, Government securities - total Treasury bills Treasury certificates of indebtedness Treasury notes U. S. bonds Other securities Reserves with Federal Reserve Banks Cash in vault Balances with domestic banks Other assets - net 3,474 23,594 2,996 1,865 13,608 1,653 1,126 921 8,973 5,510 3,039 2,556 1,367 1,486 616 2,829 10,551 2,457 1,307 3,040 3,060 14,208 1,216 4,348 1,291 652 1,321 1,759 7,807 688 2,812 804 1,150 651 325 3,245 1,567 17 1,210 43 47 16 17 139 12 3 13 13 37 745 6,304 710 7,939 28 298 19 411 252 849 477 2,067 20 151 15 535 66 473 60 474 70 261 15 405 38 91 4 4oo 110 535 57 777 19 255 18 354 10 133 23 186 12 295 75 134 3 403 34 2,938 30 1,628 29,211 2,327 2,040 5,545 19,299 7,411 14,872 965 2,652 1,452 1,274 100 54 118 1,002 335 590 71 100 89 7,715 792 207 1,163 5,553 2,271 5,651 206 146 563 985 52 56 112 765 358 523 49 110 56 2,435 1,445 108 173 287 139 290 577 908 1,398 227 519 951 557 100 79 162 206 83 57 1,353 134 157 351 711 260 5,181 307 405 1,197 3,272 1,022 2,143 122 327 103 966 110 123 190 543 200 448 36 136 33 499 1,397 1,114 18 111 239 116 34 176 121 181 315 326 667 706 156 187 322 217 568 570 42 15 47 89 349 499 84 17 39 4,847 183 286 930 3,448 1,554 2,143 149 298 271 53,454 18,541 2,750 2,789 17,757 2,335 461 3,372 573 106 136 978 3,806 2,433 1,586 643 118 227 2,162 567 71 7,028 1,616 494 3,005 106 476 866 2,184 2,458 261 568 503 53 97 95 8,020 6,508 287 4o4 6 20 41 273 548 9 36 40 243 1,625 41 94 111 866 301 2 19 25 118 526 107 129 450 1,042 511 49 230 57 190 L I A B I L I T I E S Demand deposits adjusted Time deposits except Government U. S, Government deposits Interbank demand deposits: Domestic banks Foreign banks Borrowings Other liabilities CAPITAL ACCOUNTS 9,831 1,275 705 2,043 7,407 311 28 10 79 398 3,006 1,047 174 1,078 2,748 381 14 40 46 351 490 8 61 66 562 f Individual loan items are reported gross, i.e., before deduction of valuation reserves, 593 2 39 34 226 917 2 38 31 266 729 9 45 42 314
@FedFRASER