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H«lu2 BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM (For Immediate Release) July 28, 195k CONDITION OF WEEKLY REPORTING MEMBER BANKS IN LEADING CITIES The condition statement of weekly reporting member banks in 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 21: A decrease of $20k million in loans to brokers and dealers f o r purchasing or carrying s e c u r i t i e s ; increases of $339 million i n holdings of Treasury b i l l s and $829 million in demand deposits adjusted; and decreases of $357 million i n United S t a t e s Government dep o s i t s , $370 million in demand deposits credited to domestic banks, and $177 million in borrowings. 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 decreased $55 million in New York City, $17 million in Chicago, $lk million in the San Francisco D i s t r i c t , and a t o t a l of $89 million a t a l l reporting member banks. Changes according to industry appear in another press r e l e a s e . Loans to banks decreased $113 m i l l i o n , "Other" loans decreased $33 million* Holdings of Treasury b i l l s increased in most d i s t r i c t s ; the p r i n c i p a l bhanges were increases of $16k million i n New York City, $100 million in Chicago, and $37 million in the Boston D i s t r i c t , and a debrease of $li5 million in the Dall&s D i s t r i c t . Holdings of Treasury c e r t i f i c a t e s of ihdebtedness and of United S t a t e s Government bonds increased $29 million and $95 million* respectively* Demand deposits adjusted increased $379 million in New York City, $9? million i n the Cleveland D i s t r i c t , $75 million in Chicago, $5k million in the San Francisco District# and by smaller amounts in a l l but one of the other d i s t r i c t s , Time deposits increased $kk m i l l i o n . Borrowings decreased $195 million in New York City and $k8 million in the Cleveland D i s t r i c t , but they increased by smaller amounts in most of the other d i s tricts . A summary of a s s e t s and l i a b i l i t i e s of reporting member banks follows: July 21, 195k Increase or decrease since July 22, July l k , 195k , , ,1953 , _ 1[in millions of dollars) 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 to brokers and d e a l e r s f o r purchasing o r carrying s e c u r i t i e s Other loans f o r purchasing or carrying s e c u r i t i e s Real e s t a t e loans Loans t o banks Other loans 81,111 38,867 39,520 21,558 + 35 -kk7 -kk9 - 89 +1,119 - 756 - 722 -1,113 2,067 87k 6,705 526 7,790 -20k - 17 + 7 -113 - 33 + + + - 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 3k,018 2,861 2,758 6,671 21,728 8,226 +k69 +339 + 29 + 6 + 95 + 13 +1,107 95 -2,272 +1,181 +2,293 + 768 Reserves with Federal Reserve Banks Cash in vault Balances with domestic banks 13,913 930 2,760 - 7 — 56 + 15 - 5k, 1*81 21,116 2,519 10,936 1,261 371 +829 + kk -357 -370 + 1 -177 +1,166 +2,535 -3,k38 +1,060 20 - 539 20k 110 383 129 177 672 7 + 31k L I A B I L I T I E S Demand deposits adjusted Time deposits except U . S . Government U . S . Government deposits Interbank demand d e p o s i t s : Domestic banks Foreign banks Borrowings H.4.2(a) ASSETS AMD LIABILITIES OF WEEKLY REPORTING MEMBER BANKS IN LEADING CITIES, JULY 21, 1954 F e d e r a l R e s e r v e D i s t r i c t Total Cleve- RichNew S t . Minne- Kansas P h i l a San All A t l a n t a Chicago Boston Dallas mond land delphia Louis a p o l i s City Districts York Francisco ( I n m i l l i o n s of do]Liars) ASSETS Loans and investments - t o t a l Loans - n e t # Commercial, i n d u s t r i a l , and a g r ' l loans Loans t o brokers and d e a l e r s f o r purchasing or carrying s e c u r i t i e s Other loans f o r purchasing o r c a r r y i n g securities Real e s t a t e loans Loans t o banks Other loans 81,111 38,867 21,558 3,661 1,922 1,113 25,461 13,019 8,021 3,171 1,675 873 5,703 2,362 1,238 3,198 1,387 615 3,001 1,288 764 11,193 4,312 2,682 2,590 1,344 676 1,409 687 350 3,290 1,408 865 3,380 1,924 1,299 15,054 7,539 3,062 2,067 34 1,639 41 75 19 14 172 14 3 5 8 43 874 6,705 526 7,790 21 326 11 454 370 873 351 1,994 29 179 16 574 58 532 2 509 73 279 8 411 33 91 6 402 109 604 70 767 22 259 21 370 13 140 190 21 211 8 311 86 145 4 399 39 3,066 29 1,409 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 n o t e s U. S. bonds Other s e c u r i t i e s 34,018 2,86l 2,758 6,671 21,728 8,226 1,428 144 103 154 1,027 311 9,771 1,046 736 1,613 6,376 2,671 1,073 48 107 151 767 423 1,548 117 143 295 993 263 1,428 114 163 348 803 285 5,803 404 415 1,300 3,684 1,078 1,032 64 110 272 586 214 579 53 48 151 327 143 1,524 201 119 388 816 358 1,241 116 134 201 790 215 5,849 448 455 1,170 3,776 1,666 Reserves w i t h 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 13,913 930 2,760 1,699 583 68 99 98 4,930 207 143 677 537 48 118 68 2,742 106 225 628 1,783 599 926 90 160 87 507 77 205 62 515 47 256 60 1,929 117 364 121 437 34 162 40 243 15 83 20 593 40 394 44 593 45 483 99 2,120 142 293 323 54,481 21,116 2,519 2,863 610 122 17,741 2,344 4,613 592 109 797 3,835 1,704 187 2,399 704 134 2,274 601 . 78 7,212 3,164 441 1,672 529 86 947 273 47 2,358 558 98 2,563 687 86 8,273 7,081 334 10,936 1,261 371 1,924 7,805 341 31 47 86 409 443 16 28 45 365 552 8 21 73 586 449 8 16 47 292 609 12 1 4o 264 1,777 46 16 126 942 672 2 26 36 240 339 6 6 26 126 1,013 2 17 27 288 869 10 4 38 343 609 108 19 422 1,086 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 except 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 Other l i a b i l i t i e s CAPITAL ACCOUNTS 3,263 1,012 170 958 2,864 # I n d i v i d u a l loan items a r e reported g r o s s , i . e . , before deduction of valuation r e s e r v e s .
@FedFRASER