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BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM (For Lmmedaite Release) J u l y 11, 1956 CONDITION OF 11EEKLY 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 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 J u l y U: I n c r e a s e s of $ 3 6 6 m i l l i o n i n r e s e r v e b a l a n c e s with F e d e r a l Reserve Banks, $19 U m i l l i o n i n United S t a t e s Government d e p o s i t s , and $ 8 0 6 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 b a n k s , and a d e c r e a s e of $962 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 . Commercial and i n d u s t r i a l loans decreased $8 m i l l i o n a t a l l r e p o r t i n g member banksj t h e r e was an i n c r e a s e of $31 m i l l i o n i n New York C i t y and d e c r e a s e s of $25 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 #18 m i l l i o n i n Chicago. Changes according 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 . "Other" loans d e c r e a s e d $36 m i l l i o n . Holdings of T r e a s u r y b i l l s , of 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 , and of United S t a t e s Government bonds showed small changes, and h o l d i n g s of T r e a s u r y n o t e s d e c r e a s e d $3k m i l l i o n . The n e t change i n h o l d i n g s of United S t a t e s Government s e c u r i t i e s a t a l l r e p o r t i n g member banks was a d e c r e a s e of $23 m i l l i o n . Demand deposits a d j u s t e d decreased $331 m i l l i o n i n New York City, $160 million i n t h e Chicago D i s t r i c t , $lb8 m i l l i o n i n t h e Cleveland D i s t r i c t , $71 m i l l i o n in t h e Richmond D i s t r i c t , $62 m i l l i o n i n the Kansas City D i s t r i c t , and be smaller amounts in a l l but one of t h e o t h e r D i s t r i c t s . Borrowings from F e d e r a l Reserve Banks i n c r e a s e d $128 m i l l i o n and borrowings from o t h e r s i n c r e a s e d (112 m i l l i o n . Loans to banks a t a l l r e p o r t i n g member banks showed no n e t change f o r t h e week. !h,U.2 July U. 1956 ASSETS Loans and investments a d j u s t e d 1 / Loans a d j u s t e d 1 / Commercial ami 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 to brokers and dealers f o r purchasing o r carrying s e c u r i t i e s Other loans f o r purchasing o r carrying s e c u r i t i e s Real e s t a t e loans Other loans U. S. Government s e c u r i t i e s - t o t a l 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 Other s e c u r i t i e s (In 85,535 51,111 28,381 162 2,398 1,278 8,591 10,863 26,559 688 355 6,002 19,514 7,865 Increase or decrease s i n c e J u l y by June , 1955 1956 m i l l i o n s of d o l l a r s ) +1,14.I4O - 87* +7,593 - 33* - u; 2/+5,5l7 + 6) + 18 + 7 - 15* - 36* - 23 + 5 - 3 - 3h + 9 - 31 275 + 75 2/+ 698 2/+1,711 -5,238 226 37k -2.,901 -1,737 915 + 129 — * 1,159 Loans t o banks + 21+3 +366 13,619 Reserves with Federal Reserve Banks 81 922 k Cash i n v a u l t + + 3U* 63 2,615 Balances with domestic banks L I A B I L I T I E S 88 Demand deposits a d j u s t e d -962 55,248 + 376 Time deposits except U, S. Government 21,988 - 26 + 716 U. S. Government deposits +191 3,786 + Interbank demand d e p o s i t s : Domestic banks +806 115 10,977 + 28 Foreign banks a 1,U96 +128 Borrowings: From Federal Reserve Banks 12 kn + 362 From o t h e r s +112 1,129 r e s e r v e s ; individual 1 to banks 1/ Exclusive of loans loan items a r e shown g r o s s . 2/ October 5, 1955 r e c l a s s i f i c a t i o n increased commercial and i n d u s t r i a l loans $318 "™ m i l l i o n and decreased r e a l e s t a t e loans and "other" loans $29U and $25 millions, respectively. * June 27 f i g u r e s r e v i s e d . ASSETS AMD LIABILITIES OF WEEKLY REPORTING MEMBER BARKS IK LEADING CITIES, JULY 4, 1956 F e d e r a l R e s e r v e D i s t r i c t Total San S t . Minne- Kansas RichCleveNew PhilaAll Chicago Atlanta Dallas Boston a p o l i s City mond Louis Francisco York delphia land Districts ( I n m i l l i o n s of do]Liars) ASSETS 3 , 4 0 1 3,275 11,716 2,684 1,476 3,321 3,768 16,837 3,792 25,922 3,265 6,078 Loans and investments a d j u s t e d l / 85,535 882 1,775 2,409 6,114 1,594 16,812 1,809 2,422 2,272 1,753 9,992 3,277 51,111 Loans a d j u s t e d l / 460 4,012 1,472 831 930 3,787 28,381 1,438 10,912 1,185 1,602 Commercial and i n d u s t r i a l loans 797 955 18 10 22 16 10 103 227 1 1 31 462 12 11 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 220 28 24 4 21 64 89 36 34 purchasing or c a r r y i n g s e c u r i t i e s 1,714 135 29 2,398 Other loans f o r purchasing or c a r r y i n g 180 48 142 25 26 49 29 13 135 1,278 securities 57 519 55 280 161 207 3,843 229 293 1,174 173 738 Real e s t a t e loans 793 335 8,591 365 226 1,231 467 423 1,904 6o4 2,780 10,863 572 Other loans 571 796 719 570 864 440 1,196 1,121 U. S. Government s e c u r i t i e s - t o t a l 4,4l6 5,207 1,026 6,851 722 2,175 1,327 1,214 26,559 68 26 22 14 688 49 Treasury b i l l s 328 45 52 19 3 55 7 8 64 18 26 Treasury c e r t i f i c a t e s of indebtedness 82 11 32 12 17 26 54 5 355 116 1,090 1,211 6,002 291 323 239 390 576 Treasury notes 253 1,199 135 179 801 788 8i4 5,242 561 1,519 3,256 584 970 313 3,913 U. S. bonds 19,514 753 626 1,186 226 308 1,638 238 154 265 350 Other s e c u r i t i e s 271 344 2,259 7,865 H.4.8(a) Loans t o banks Reserves with Federal Reserve Banks Cash i n v a u l t Balances with domestic banks Other a s s e t s - n e t L I A B I L I T I E S 1,459 13,649 922 2,645 2,06l 31 550 64 98 91 985 4,600 211 178 861 13 504 46 93 100 97 925 90 151 97 33 520 73 200 71 14 514 46 281 74 19 2,003 115 292 137 19 423 34 156 45 2 , 5 0 3 2,276 2,890 17,701 2,341 3,991 7,193 1,629 55,248 Demand d e p o s i t s a d j u s t e d 622 744 Time d e p o s i t s except U. S. Government 3,220 4,450 21,988 1,774 657 495 570 610 298 158 131 167 117 163 U. S. Government d e p o s i t s 1,327 3,786 I n t e r b a n k demand d e p o s i t s : 462 689 1,727 475 756 3,176 535 356 10,977 Domestic banks 4 11 12 11 45 1,190 19 1,496 31 Foreign banks Borrowings: 11 22 16 183 20 27 15 12 471 From F e d e r a l Reserve Banks 41 12 111 72 13 16 1,129 9 From o t h e r s 595 46 140 76 1,216 39 71 50 2,360 94 Other l i a b i l i t i e s 654 275 8,816 403 311 442 1,053 3,082 334 CAPITAL ACCOUNTS 1 / Exclusive 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 ; individual loan items are shown gross • 236 14 78 24 21 566 37 323 54 3 608 45 543 136 224 2,200 147 252 371 869 291 69 2,258 563 132 2,607 858 138 8,990 7,744 476 341 4 920 2 979 16 561 151 53 31 27 143 77 1 34 335 15 22 50 4l8 20 206 517 1,366
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