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BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM (For Immediate Release) July 18, 1956 CONDITION OF I EEKLY REPORTING MEMBER BANKS B LEADING CITIES The c o n d i t i o n statement of weekly reporting member banks i n 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 July l i s Decreases of $175 m i l l i o n in loans adjusted, $210 m i l l i o n in holdings of United S t a t e s Government s e c u r i t i e s , S362 m i l l i o n i n r e s e r v e balances with Federal Reserve Banks, and $1,129 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 an i n c r e a s e of £217 m i l l i o n in demand d e p o s i t s c r e d i t e d to domestic banks. Commercial and i n d u s t r i a l loans decreased $106 m i l l i o n a t a l l reporting member banks; the p r i n c i p a l changes were decreases o f $15& m i l l i o n i n New York City and $25 m i l l i o n i n Chicago, and i n c r e a s e s of $3h m i l l i o n i n t h e San Francisco D i s t r i c t , $20 m i l l i o n i n t i e S t . Louis D i s t r i c t , and $16 m i l l i o n in the Dallas D i s t r i c t . Changes according to i n d u s t r y appear i n another press r e l e a s e . Loans to brokers and dealers f o r purchasing or carrying United S t a t e s Government and other s e c u r i t i e s decreased #63 m i l l i o n . Holdings o f Treasury b i l l s decreased $85 m i l l i o n i n the New York D i s t r i c t o u t s i d e of New York City and a t o t a l o f $105 m i l l i o n at a l l r e p o r t i n g member banks. Holdings of United S t a t e s Government bonds decreased $82 m i l l i o n , of which $1*0 m i l l i o n was i n New York C i t y . Demand d e p o s i t s adjusted increased $223 m i l l i o n i n the San Francisco D i s t r i c t and $75 m i l l i o n i n the Atlanta D i s t r i c t , but t h e y decreased $321 m i l l i o n in the New York D i s t r i c t : there was a net i n c r e a s e of $96 m i l l i o n a t a l l reporting member banks. Time d e p o s i t s decreased $55 m i l l i o n i n New York City and a t o t a l of (72 m i l l i o n a t a l l reporting member banks. Borrowings from Federal Reserve Banks increased $55 m i l l i o n and borrowings from others decreased $72 m i l l i o n . Loans t o banks decreased #133 m i l l i o n . Increase or decrease s i n c e July 13i J u l y U, 1955 1956 July 11, 1956 ASSETS Loans and investments adjusted l / Loans adjusted l / Commercial and i n d u s t r i a l loans Agricultural loans Loans to brokers and dealers f o r purchasing or 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 xin 389* 175* 85,132 50,922 28,275 U59 10 2,335 1,270 8,619 10,827 26,319 583 315 5,989 19,132 7,861 - + - • w - - +1,119 +7,235 3) 2/+5,269 63 8 28 22* 312 71 2/+ 696 2/+l,6ii2 210 105 10 13 82 h + -5,31 h 286 • - 36k -2, ,681 -1,783 802 + 2hl 1,326 133 Loans to banks 318 362 13,287 Reserves with Federal Reserve Banks + + 103 5 1,025 Cash in v a u l t 86 to 2,559 Balances with domestic banks L I A B I L I T I E S + 98 767 55,316 Demand deposits adjusted + 318 21,916 72 Time d e p o s i t s except U. S . Government + -1,129 75 2,657 U. S. Government d e p o s i t s + + 260 217 11,19k Interbank demand d e p o s i t s : Domestic banks + 16 l,h91 5 Foreign banks + 192 Borrowings: From Federal Reserve Banks 526 55 + 218 72 , From others 1,057 j individual 1 / Exclusive o f loans to banks and a f t e r deduction c v a l u a t i o n r e s e r v e s loan items are 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 $29It and :: 25 m i l lions, respectively. * FRASER July it f i g u r e s r e v i s e d (New York D i s t r i c t ) . Digitized for H ( a )» XX .•4-T. 2 • C-V ASSETS OF WEEKLY REPORTING MEM3EH BANKS IN LEADING CITIES, JULY 11, 1956 * —AMD LIABILITIES R e s e r v e D i[ s t r i c t ? e d e 1 a 1 Total San S t . Minne- Kansas CleveNew RichP h i l a All Dallas Atlanta Chicago Boston Louis a p o l i s C i t y Francisco mond land delphia York Districts ( I n m i l l i o n s of dol]Lars) A S S E T S 3,382 3,295 11,634 2,717 1,468 3,341 3,772 16,818 85,132 3,787 25,553 3,266 6,099 Loans and investments adjusted l / 2,436 16,569 2,271 3,278 6,077 1,615 879 1,794 2,430 10,017 50,922 1,797 1,759 Loans adjusted l / 826 4,046 941 1,488 1,447 10,759 1,183 1,599 817 28,275 Commercial and i n d u s t r i a l loans 455 957 3,757 18 104 10 22 228 10 12 1 1 29 15 459 A g r i c u l t u r a l loans 9 Loans t o brokers and d e a l e r s f o r 228 26 26 88 1,642 129 65 27 31 33 35 2,335 5 purchasing or carrying s e c u r i t i e s Other loans f o r purchasing or carrying 28 46 178 21 143 54 13 25 516 56 1,270 137 securities 53 280 162 1,181 294 209 229 741 8,619 173 Real e s t a t e loans 367 3,855 335 793 1,218 610 484 566 472 227 10,827 1,865 798 725 571 572 2,759 Other loans 438 1,195 1,106 1,006 6,685 4,387 726 2 , 2 0 1 5,183 877 26,349 1,319 1,226 U. S. Government s e c u r i t i e s - t o t a l 63 68 208 18 10 43 50 27 19 47 25 583 Treasury b i l l s 5 8 84 10 26 16 12 56 Treasury c e r t i f i c a t e s of indebtedness 54 19 32 23 345 5 118 1,085 609 138 287 263 160 219 329 1,193 1,193 Treasury n o t e s 395 5,989 808 742 5,200 582 3,243 307 813 558 1,519 972 3,909 19,432 U. S. bonds 779 266 1,618 620 1,170 236 310 225 151 269 7,861 352 2,299 345 Other s e c u r i t i e s / Loans t o banks Reserves w i t h Federal Reserve Banks Cash i n v a u l t Balances w i t h domestic banks Other a s s e t s - n e t 1,326 13,287 1,025 2,559 2,039 26 528 70 88 90 785 4,349 231 164 854 10 497 50 103 97 9 937 102 157 96 62 529 81 186 72 54 501 54 290 74 24 1,994 125 268 128 11 420 37 147 45 55,346 21,916 2,657 2,863 623 120 17,380 4,397 887 2,355 496 112 4,018 1,773 2l4 2,545 743 126 2,351 662 88 7,192 3,216 4o4 1,659 569 90 11,194 1,491 385 29 3,163 1,199 464 18 532 11 499 9 781 11 1,721 44 719 4 27 584 45 325 54 20 539 50 48l 137 295 2,213 164 273 367 869 2,296 292 563 101 49 2,605 860 99 9,213 7,722 367 355 k 968 2 942 16 665 144 11 35 27 143 64 11 35 336 2 5 51 419 13 117 521 1,368 3 196 16 77 25 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 e x c e p t U. S. Government U. S. Government d e p o s i t s Interbank demand d e p o s i t s : Domestic banks Foreign banks Borrowings: From F e d e r a l Reserve Banks From o t h e r s Other l i a b i l i t i e s CAPITAL ACCOUNTS 8 11 116 23 225 39 5 9 1 1 94 20 69 17 174 513 68 80 46 38 1,204 145 51 97 402 276 1,052 655 312 443 3,077 335 l / 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 ; i n d i v i d u a l loan items are shown g r o s s . 526 1,057 2,363 8,818
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