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Form P* R, 281* For immediate r e l e a s e STATEMENT FOR THE PRESS , Board of Governors of t h e Federal Reserve System J u l y 11, 19!*!* Condition of Weekly Reporting Member Banks i n 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 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 J u l y 5» I n c r e a s e s of $1,131,000,000 i n holdings of United S t a t e s Government o b l i g a t i o n s , $1,326,000,000 i n United S t a t e s Government d e p o s i t s , and $291,000,000 i n d e p o s i t s c r e d i t e d t o domestic banks, and a decrease of $W7,0OO,OOO i n demand d e p o s i t s a d j u s t e d . Loans t o brokers and d e a l e r s f o r purchasing or c a r r y i n g 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 $117,000,000 in New York C i t y , $101,000,000 in the Cleveland D i s t r i c t , and $222,000,000 a t a l l r e p o r t i n g member banks. Other loans f o r the same purpose i n c r e a s e d $175,000,000 in New York C i t y and $280,000,000 a t a l l r e p o r t i n g member banks. Holdings of Treasury b i l l s increased $350,000,000 i n New York City,$101,000,000 i n the Chicago D i s t r i c t , and $607,000,000 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 i n c r e a s e d $228,000,000 i n New York C i t y , $77,000,000 i n t h e Chicago D i s t r i c t , and $1*lit,000,000 a t a l l r e p o r t i n g member banks. Holdings of Treasury n o t e s increased $1*0,000,000 and holdings of United S t a t e s Government bonds i n c r e a s e d $71,000,000. 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 a l l b u t one d i s t r i c t and the t o t a l decrease a t a l l r e p o r t i n g member banks was $14*7,000,000. 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 $717,000,000 i n New York C i t y , # 9 2 , 0 0 0 , 0 0 0 in t h e Chicago Dist r i c t , $106,000,000 i n t h e San Francisco D i s t r i c t , and $1,326,000,000 a t a l l r e p o r t i n g member banks. Deposits c r e d i t e d t o domestic banks increased $128,000,000 in New York City, $1*0,000,000 i n t h e Kansas C i t y D i s t r i c t , $91*,000,000 i n t h e A t l a n t a D i s t r i c t , and $291,000,000 a t a l l r e p o r t i n g member banks. A summary of the 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 follows * ASSETS Loans and Investments - t o t a l 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 purchasing or carrying1 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 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 Real e s t a t e loans Loans t o 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 n o t e s U. S. bonds Obligations guaranteed by U* S. Government Other s e c u r i t i e s Reserve w i t h Federal Reserve Banks Cash in v a u l t Balances with domestic banks 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 t Domestic banks Foreign banks Borrowings Digitized Debits for FRASERt o demand d e p o s i t accounts, except i n t e r b a n k and U, S. Govt, accounts, during week I n c r e a s e or Juiy decrease since June 28, J u l y 7, 5, 19kh 19U* 1943 ( I n m i l l i o n s of d o l l a r s ) 56,262 +1,226 +10,699 12,283 6,037 + + 119 10 + 2,690 + 1*72 1,151 672 • 222) 13) + 1,575 31*1* 1,069 92 1,313 3,51*9 10,755 7,302 18,811* 628 2,931 8,826 51*8 2,373 32,561 6,780 13,963 9.087 881 76 lit, 051 + + + + + + + 280) 23) 1* 39 20 731 + 1,1*99 + + 79 35 32 - 9lk 607 1*11* 1*0 71 1 21* 126 1*7 106 +3,770 + 3,1*30 + 3,039 - 1,261* 52 + 297 + 31* > 101 1*1*7 18 +1 ,326 + 291 • H* + 11 • 256 + 1,100 + 8,999 + 129 + 99 + 10 - + + Form F,R, 284a STATEMENT FOR THE PRESS Board of Governors of the Federal Reserve System J u l y 6, 1944 if or immediate r e l e a s e CONDITION OF WEEKLY REPORTING MEMBER BANKS IN CENTRAL RESERVE CITIES ( I n millions of d o l l a r s ) New York City increase or July decrease since June 28* July 7, 5, 19W 1944 W July 5, 1944 Chicago Increase or decrease since June 28, 1944 Jfulyl7 W ASSETS Loans and Investments - t o t a l Loans - t o t a l f 656 +3,706 5,231 + 152 + 873 + 78 +1,305 1,083 + 12 +299 - 21 + 169 732 + 9 + 103 + 1U8 + 45 73 29 , 8) 2) 63 104 42 23 + 14) 1) + 106 20,717 5,049 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 ^ 2,316 Loans t o brokers and dealers i purchasing or carrying1 U. S. Govt, o b l i g a t i o n s 899 Other s e c u r i t i e s 510 Other loans for purchasing or carrying1 U. S, Govt, obligations 695 Other s e c u r i t i e s 131 Real e s t a t e loans 80 Loans t o banks 68 Other loans 350 Treasury > i l l s Treasury c e r t , of i n d e b t . Treasury notes U. S, bonds Obligations guaranteed by U. S. Government Other s e c u r i t i e s 1,136 3,966 2,733 6,70k Reserve with F, R. Banks Cash in v a u l t Balances with domestic banks Other a s s e t s - n e t 3,230 95 25 281 187 942 + 117 8 175) 1) 6 + 619 17 + 31 + ho + 350 4- 228 4- 22 18 - 296 +1,357 +1,190 + 901 + 38 - * 1 3 - 61 2 + + + + 11 + 2?8 2 717 •*w 80 2 - 4- 76 4- 69 %>h 1 1,681 4* 6 367 1,109 4444- 27 140 311 194 253 749 2 31 366 - 39 10 1 2 351 44 102 43 13 4- 1 • 2 4- 2 + 09 43 4- 11 + 4 288 3,070 557 - 17 + 3 +148 4o + 157 , 1,111 + I0J4 15 + 2 + 48 31 • 122 339 + 10 10 - - 43 1 . 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 deposits U, S,Government deposits Interbank d e p o s i t s j Domestic banks Foreign banks Borrowings Other l i a b i l i t i e s CAPITAL ACCOUNTS 11,863 800 5,722 3,032 796 62 339 1,73b Debits t o demand deposit accounts, except interbank and. II,S, Govt, accounts, during week 6,417 + 4- 128 13 4- 13 4- 3 4- 6 + - + 95 +3,5H 1,220 1,262 + 5 l 31 773 + + 38 2 + 10 31 + Form F. R. 284b ASSETS AND LIABILITIES OF ilBEKLY REPORTING MEMBER BANKS IN 101 LEADING- CITIES, JULY 5, I9W* F e d e r a l Ke s e r v e b i s t r i c t All „ . 1 New P h i l a - Cleve-lRich- 1 . , , St. Minne-IKansas San d i s t r i c t s Boston|York delphia land jmond | A t l a n t a Chicago Louis a p o l i s J C i t y Dallas Francisci ASSETS ( I n millions of d o l l a r s ) Loans and Investments - t o t a l 56,262 3,089 22,579 2,1*31 1*.1*87 1,772 1,712 8,621 1,660 1,089 1,852 1,525 5,%5 Loans - t o t a l 12,283 678 5,^20 1*1*8 917 1*38 1,587 351 1*28 206 31*9 389 1,072 Commercial, i n d u s t r i a l , & agf*1 loans 6,037 411 21*2 2,177 112 392 172 211 103 203 997 21*5 1*72 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 1,151 32 902 62 8 1 5 2 79 1 7 3 1*9 Other s e c u r i t i e s 672 18 22 523 1 * 37 8 2 1* 36 2 13 3 Other loans f o r purchasing or parrying* U. S. Government o b l i g a t i o n s 1,575 15 725 124 109 9 163 21 159 l*o 56 58 Other s e c u r i t i e s 20 3a 154 10 13 1*8 9 7 1 * 8 16 7 & keal e s t a t e loans 62 1,069 158 161* 36 26 50 132 61* 23 20 38 296 Loans t o banks 92 8 69 5 8 2 Other loans 115 412 102 1,313 132 58 132 65 81 1*6 1*7 55 98 Treasury b i l l s 1,210 29U 3,51*9 213 299 92 77 611 1*2 67 130 415 99 Treasury c e r t i f i c a t e s of indebtedness 632 4,285 10,755 312 397 817 297 1,892 297 239 321* 351 912 Treasury a o t e s 7,302 3,027 359 230 519 236 271* 1,070 226 391 137 209 721* 0# S, bonds 18,811 1,012 7,1*09 916 1,656 1*92 2,821 709 511 568 383 1,902 1*35 Obligations guaranteed by U.S. Government 628 15 213 16 21* 51* 1*5 21 12 92 25 35 76 Other s e c u r i t i e s 2,931 1,015 173 231* 110 99 56 110 5L8 128 70 1*1* 31*1* Unserve with Federal Reserve Banks 8,826 408 3,1*67 380 726 285 296 262 1,377 160 378 295 792 Cash i n v a u l t 127 548 56 27 68 25 31 22 10 22 97 19 1*1 Balances with domestic banks 121 136 2,373 231* 96 205 1*06 196 122 281 222 98 256 Other a s s e t s - n e t 1,27k 56 60 329 85 55 21 36 H* 21 75 30 1*92 L I AB I L I T IBS Demand deposits a d j u s t e d 32,561 1,869 13,066 1,563 2,709 1,037 1,011* 5.152 851 583 1,061* 1,013 2,61*0 Time deposits 6,780 1,271* 301 282 177 255 1.318 943 21*3 11*5 196 181* 1,1*62 U. S. Government d e p o s i t s 13,963 61*0 961* 6,099 511* 380 945 361 1,963 300 350 332 1,115 Interbank deposits* Domestic banks 9,087 290 3.103 520 362 356 463 1,565 503 255 808 1*1*9 1*13 Foreign banks 881 17 6 1* l 798 18 1 4 6 — 2 21* Borrowings 2 62 76 1 1* 1* 3 Other l i a b i l i t i e s 1,515 16 38 11 318 72 1*1 34 6 926 9 7 7 CAPITAL ACCOUNTS 261* 1,873 4,420 1*1*1 230 111 115 112 516 76 129 1*1*6 107 Debits t o demand d e p o s i t accounts, except interbank and U.S.Govt, accounts 683 6,908 520 871 372 11*, 051 366 219 1*10 352 311 991 wee > *
@FedFRASER