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H.l*,2 BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM (For Immediate Release) July 21, 1951* 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 July lit: Decreases of $211 million in reserve balances with Federal Reserve Banks and $856 million in United States Government deposits, and increases of $3l*l million in demand deposits adjusted and $138 million in borrowings® Commercial, industrial, and agricultural loans decreased in six districts and increased in the others, with a net decrease of $81 million at all reporting member banksj the principal changes were decreases of $51* million in New York City, $13 million in the San Francisco District, and $12 million in the Cleveland District. Changes according to industry appear in another press release. Real estate loans increased $21* million, Loans to banks increased $96 million. Holdings of Treasury bills decreased $80 million in the New York District outside of New York City, but this decrease was more than offset by increases in most of the other districtsj there was a net increase of $1* million at all reporting member banks. Holdings of Treasury certificates of indebtedness and of United States Government bonds decreased $26 million and $18 million, respectively. Holdings of Treasury notes increased $11* million. Holdings of "other" securities decreased $33 million. Demand deposits adjusted increased $70 million in the Kansas City District, $61 million in the Cleveland District, $57 million in the Chicago District, and $55 million in the Atlanta District, but they decreased $119 million in the New York District. Time deposits increased $193 million of which $ll*6 million was in New York City. Demand deposits credited to domestic banks decreased $97 million. Borrowings increased $131 million in New York City. A summary of assets and liabilities of reporting member banks follows: Increase or decrease since July 7, July 15, 190, -1251. (In millions of dollars) ASSETS 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 81,076 39,31k 39,969 21,617 U. S. Government securities - total Treasury bills Treasury certificates of indebtedness Treasury notes U. S. bonds Other securities 33,51*9 2,522 2,729 6,665 21,633 8,213 Reserves with Federal Reserve Banks Cash in vault Balances with domestic banks 13,920 986 2,715 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 53,652 21,072 2,876 11,306 1,260 518 2,271 891 6,698 639 7,823 - 25 + 3h + 35 - 81 + 8 + 1 + 21* + 96 - 13 - 26 + 1* - 26 + ll* - 18 - 33 -211 +1,028 + 1*6 + 81 -1,001* + 507 + 11*0 + 376 + 211 - 11*9 -108 + 223 - 563 -2,1*98 +1,117 +2,167 + 759 - 201* + 51 - 171* +31*1 +193 -856 - 97 - 33 +138 +1,009 +2,501* -3,350 + 356 23 + 217 + 55 HA.2(a) ASSETS AMD LIABILITIES OF WEEKLY REPORTING MEMBER BANKS IN LEADING CITIES. JULY 14. 1954 Total F e d e r a 1 R e s e r ve D i s t r ic t St. iMinne- Kansas New Phila- Cleve- RichAll San Boston Atlanta Chicago Dallas Louisjapolis City Districts delphia land mond York Francisco (in millions of dollars) A S S E T S 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 81,076 39,314 21,64? 3,604 25,490 3,180 1,930 13,216 1,687 8,082 1,117 879 5,696 2,402 1,231 3,185 i,4oo 612 3,007 11,109 2,587 1,398 3,308 3,422 15,090 663 1,421 1,932 1,307 4,378 1,357 7,601 764 2,705 863 1,300 343 675 3,076 2,271 29 1,761 42 82 20 16 232 19 4 6 8 52 891 6,698 639 7,823 21 326 12 463 378 869 356 1,999 30 177 21 575 60 530 37 514 74 278 23 4ll 33 91 20 405 115 604 48 766 22 259 34 367 13 139 3 190 21 211 23 310 84 145 12 4oo 40 3,069 50 1,423 U. S. Government securities - total Treasury bills Treasury certificates of indebtedness Treasury notes U. S. bonds Other securities 33,549 2,522 2,729 6,665 21,633 8,213 1,366 107 102 150 1,007 308 9,588 1,073 890 58 100 732 146 1,613 769 6,353 2,686 420 2,694 76 223 630 1,765 600 5,656 1,013 46 289 108 382 1,308 279 580 3,677 1,075 217 572 1,529 1,277 200 161 49 125 133 55 l4o 201 387 328 817 782 143 213 358 5,832 429 460 1,170 3,773 1,657 Reserves with Federal Reserve Banks Cash in vault Balances with domestic banks Other assets - net 13,920 986 2,745 1,682 6o4 70 102 98 519 50 283 61 2,074 123 331 123 430 36 171 40 227 16 98 18 601 42 370 46 583 47 470 97 2,080 153 306 320 2,399 2,251 601 699 88 142 7,143 3,156 488 1,637 527 100 905 2,315 2,538 688 272 556 100 113 53 8,219 7,072 376 1,833 43 35 121 941 712 2 12 34 240 368 1,052 4 2 14 3 26 27 288 126 671 106. 13 387 1,105 4,783 224 154 668 549 50 105 66 923 95 166 84 2,822 17,359 2,326 4,600 607 588 138 123 938 3,738 1,706 217 468 17 23 42 363 565 7 69 77 585 1,535 1,414 108 109 162 147 294 347 985 797 286 250 547 80 189 61 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 53,652 21,072 2,876 11,306 1,260 548 1,880 7,815 355 32 26 90 408 3,242 1,020 345 951 2,864 474 6 3 47 292 f Individual loan items are reported gross, i.e., before deduction of valuation reserves. 1 659 11 5 40 265 907 10 — — 38 338
@FedFRASER