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BOARD OF GOVERNORS OF (THE FEDERAL RESERVE SYSTEM (For immediate Release) July 21, 1948 CONDITION OF MEEKLY REPORTING MEMBER BANKS IN,LEADING CITIES The condition statement of weekly r e p o r t i n g member banks i n leading c i t i e s shows the following p r i n c i p a l changes f o r the week ended July l4» Increases of $225,000,000 i n holdings of United S t a t e s Government s e c u r i t i e s of which $165,000,000 was i n Treasury b i l l s , $204,000,000 i n demand d e p o s i t s a d j u s t e d , and $194,000,000 i n demand d e p o s i t s c r e d i t e d t o domestic banks. 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 increased $15,000,000 eaph i n the Cleveland and Chicago d i s t r i c t s , $10,000,000 each i n the S t . Louis and Kansas City d i s t r i c t s , and $78,000,000 a t a l l r e p o r t i n g member banks. Loans t o brokers and dealers f o r purchasing or carrying United S t a t e s Government s e c u r i t i e s decreased $85,000,000 i n New York C i t y and $84,000,000 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 i n 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 $101,000,000 i n New York City* Holdings of Treasury c e r t i f i c a t e s of indebtedness decreased $1*3,000,000, and holdings of Treasury notes increased $63,000,000, Holdings of United S t a t e s Government bonds increased $25,000,000 in the San Francisco D i s t r i c t and $40,000,000 a t a l l r e p o r t i n g member banks, and decreased $20,000,000 in New York C i t y . "Other s e c u r i t i e s " increased $55,000,000 i n New York City and $57,000,000 a t a l l r e p o r t i n g member banks. Demand d e p o s i t s a d j u s t e d increased $81,000,000 i n New York C i t y , $38,000,000 i n the Atlanta D i s t r i c t , $37,000,000 i n the Chicago D i s t r i c t , $36,000,000 i n the San Francisco D i s t r i c t , and $204,000,000 a t a l l r e p o r t i n g member banks. United S t a t e s Government deposits increased $116,000,000. Demand deposits c r e d i t e d t o domestic banks increased i n a l l d i s t r i c t s . Borrowings decreased $150,000,000 i n New York City and $121,000,000 a t a l l r e p o r t i n g member banks, and increased $17,000,000 i n the Cleveland D i s t r i c t . 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 r e p o r t i n g member banks follows 1 H.4,2 ASSETS Loans and investments - t o t a l Loans - net Loans - gross# 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 dealers f o r purchasing or c a r r y i n g ; U, S. Government obligations Other s e c u r i t i e s Other loans f o r purchasing or carrying* U. S. Government obligations 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 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. bond* 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 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 except Govt, U. S. Government d e p o s i t s Interbank demand deposits1 Domestic banks Foreign banks Borrowings Debits t o demand d e p o s i t accounts, except interbank and U. S. Govt. accounts, during week if See footno'te oil following page Increase or decrease since July ?, July 16, 19W 1947 ( I n m i l l i o n s of d o l l a r s ) +252 62,858 - 558 23,902 +3,761 - 30 24,144 +3,880 - 31 lit,1+81 + 78 +2,567 588 4 56 273 503 3,837 263 3,743 3b,656 1,758 L,5oo 2,1+51 25,9k7 k,3oo 12,994 84o 2,466 46,451 14,926 1,268 9,241 1,372 185 20,549 - 84 * 9 + - + 2 + 2 - 2ho + 39 + 799 + 141 + 616 -4,489 + 686 51 - 199 -4,925 + 170 + 6 - 48 + 4 +225 +165 - 43 + 63 + 4o + 57 - 60 + 43 +135 +2o4 + 7 +116 +194 + 25 -121 87 129 +1,141 + 84 + 58 - 512 + 496 + 698 - 135 + 18 + 90 A S S E T S Loans and investments » t o t a l Loans - net^ Commercial,industrial & agr* 1 loans Loans t o brokers and dealers for purchasing or carrying* U. S. Government obligations Other s e c u r i t i e s Other loans f o r purchasing or carrying* U. S. Government obligations 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 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 Reserve with Federal Reserve Banks Cash i n vault Balances w i t h domestic banks Other a s s e t s - net L I A B I L I T I E S Demand deposits adjusted Time deposits except Govt. U.S. Government deposits Interbank demand deposits jDomestic banks Foreign banks Borrowings Other l i a b i l i t i e s CAPITAL ACCOUNTS Debits t o demand deposit accounts, except interbank and U.S.Govt, accounts jfSee footnote on previous page 62,858 2$,902 lk,k81 2,81*6 1,098 722 20,766 8,11*9 5,5k5 588 k5& 16 9 519 3U 273 503 3,837 263 3,7k3 3k> 656 1,758 It,500 2,1*51 25,9k7 k,300 12#99k 8k0 2,1*66 1*197 lk 17 126 15 195 1,616 128 231 125 1,132 132 50k 61 121 79 53 220 350 216 1,002 11,281 738 97k 583 8,986 1,336 5,135 181 129 502 1*6,1*51 ll*,926, 1,268 9,21*1 1,372 185 1,013 5,899 2,332 L89 100 293 26 1 53 317 l6,6ot* 2,1*27 358 2,985 1,205 118 613 2,1*03 20,5k9 81*1* 8,519 2,5k3 k,3Qk 890 1,192 522 923 2,525 821 378 2,283 803 k92 __ 8,63k 2,703 l,8k0 2,030 907 529 1,177 2,389 83k k23 536 2k5 6 27 36 2 5 23 5k k 2k 2k 8 80 255 19k —* k 5 220 260 195 1,373 2,k75 l,57k k9 69 79 226 219 11*2 68 108 93 1,238 2,062 1,069 130 280 337 k92 787 k7k 68 U6 90 176 168 110 6k 55 65 23 36 6k 6 183 1,292 29 272 132 859 188 k59 k5 210 k7 27 68 325 16 388 5,321 266 581 k58 k,0l6 610 1,82k 107 371 81 19 13 150 l 195 976 36 133 92 715 lk7 379 31 115 2k 2,011 2,98k 2,028 591 1*1*8 1,329 76 9k 57 381 k77 363 12 5 5 20 2k k 17 25 3k 21k 1*66 302 1,780 5k2 kk k6k 8 2 2k 180 6,021 1,299 2,k78 k73 21*2 36 570 1,516 2 27 10 16 58 173 675 825 250 2k 307 2 582 2 16 782 lit lk 1,205 3 6 621 559 4 2,861 — 3 k 9 5 56 7 12 12k «• 1,017 702 11,117 k,765 2,0l*7 5 10 18 k3 81* 22 33 2,029 — — 170 108 15k 675 1,35k 1,111 56 135 36 286 192 108 96 115 72 767 818 k59 116 201 79 1*87 217 k85 32 3k Ik 3k3 317 92 27 1*5 16 673 5,608 137 1,136 509 3,826 7kk 1,751 131 31k 192 6,853 5,11k 139 l,93k k05 k2 565 k 12 96 1,780 380 56 828 1 2 15 188 13 190 75 k 133 695 389 ak6 661 2,680 - — 1*92
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