The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
| H.4#2 BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM (For Immediate Release) July 31# 1957 CONDITION OF WEEKLY REPORTING MEMBER BANKS IN LEADING CITIES I The condition statement of weekly reporting member banks in leading c i t i e s shows the following principal changes f o r the week ended July 24$ Decreases of $356 million i n loans adjusted, $419 million i n holdings of U, S, Government s e c u r i t i e s , $712 million in U. S, Government deposits, and $528 million in demand deposits credited t o domestic banks, and an increase of $403 million in demand deposits adjusted. i | I Commercial and i n d u s t r i a l loans decreased in most d i s t r i c t s and a t o t a l of $286 million at a l l reporting member banks; the principal decreases were $181 million in New York City, $39 million in the San Francisco D i s t r i c t , $37 million in Chicago, and $15 million in the Cleveland D i s t r i c t . Changes according t o industry appear in another press release. Loans t o brokers and dealers f o r purchasing or carrying U. S. Government and other s e c u r i t i e s decreased $69 million. . I j Holdings of Treasury b i l l s decreased in most d i s t r i c t s and a t o t a l of $239 million a t a l l reporting member banks. Holdings of Treasury c e r t i f i c a t e s of indebtedness and of Treasury notes decreased $87 million and $116 million, re" spectively. Holdings of U. S. Government bonds increased $23 million. Holdings of "other" s e c u r i t i e s decreased $71 million. j ! Demand deposits adjusted increased $127 million in Chicago, $102 million in New York City, and $56 million each in the Cleveland and Dallas D i s t r i c t s . Borrowings from Federal Reserve Banks decreased $294 million, and borrowings from others increased $162 million. Loans t o banks increased $191 million. A summary of assets and l i a b i l i t i e s of reporting member banks follows: ASSETS Increase or July decrease sitice 24, July 25, July 17, 1957 •19*561957 (In millions of dollars) Loans and investments adjusted 1 / Loans adjusted JL/ Commercial and i n d u s t r i a l loans Agricultural loans Loans t o 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 or carrying s e c u r i t i e s Real e s t a t e loans Other loans 86,244 53,496 31,355 428 -846 -356 -286 — 1 +1,729 +2,773 +3,195 35 1,610 1,143 8,666 11,350 — 69 - 14 + 9 + 5 — + + 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 25,223 1,481 1,327 4,203 18,212 7,525 -419 -239 - 87 -116 + 23 - 71 - 827 + 930 + 965 -1,649 -1,073 - 217 Loans to banks Reserves with Federal Reserve Banks Cash in vault Balances with domestic banks 1,361 13,334 995 2,404 +191 — 66 + 7 -109 + 77 + 239 + 21 + 30 631 116 15 537 LIABILITIES - 544 Demand deposits adjusted 55,570 +403 +1,706 Time deposits except U. S. Government 23,599 - 9 + 560 U. S, Government deposits 2,531 -712 + 157 10,286 -528 Interbank demand deposits: Domestic banks + 121 + 37 Foreign banks 1,697 92 Borrowings! From Federal Reserve Banks 270 -294 +162 - 177 826 From others ] J Exclusive of loans t o banks and a f t e r deduction of valuation reserves; i n d i vidual loan items are shown gross. H.4.2(a) ASSETS AND LIABILITIES OF WEEKLY REPORTING MEMBER BANKS IN LEADING CITIES, JULY 24, 1957 F e d e r a l Rese r v e D i s t r i c t Total San S t . Minne- Kansas RichP h i l a - Cleve New All Dallas Chicago Atlanta Francisco City apolis Boston Louis mond land York delphia Districts (In millions of d o l l a r s ) ASSETS 6,261 3,428 3,898 25,642 3,277 86,244 Loans and investments adjusted l / 1,873 2,284 3,656 17,240 2,578 53,496 Loans a d j u s t e d l / 884 1,922 1,252 12,328 1,565 31,355 Commercial and i n d u s t r i a l loans 8 2 2 13 428 9 A g r i c u l t u r a l loans Loans to brokers and dealers f o r 46 111 41 24 969 1,610 purchasing or carrying s e c u r i t i e s Other loans f o r purchasing or carrying 36 142 410 22 35 1,143 securities 338 781 1,161 199 8,666 Real e s t a t e loans 816 761 593 2,745 11,350 £ Other loans 1,291 2,012 754 6,317 969 25,223 U. S. Government s e c u r i t i e s - t o t a l 62 139 452 59 l,48l 59 Treasury b i l l s 85 42 71 254 43 1,327 Treasury c e r t i f i c a t e s of indebtedness 182 486 83 962 142 4,203 Treasury notes 962 1,316 4,649 570 18,212 725 U. S. Bonds 264 593 239 351 2,085 7,525 Other s e c u r i t i e s 16 24 14 852 22 1,361 Loans to banks 521 484 952 4,523 13,334 Reserves with Federal Reserve Banks 81 47 99 213 % 995 Cash i n v a u l t 169 140 108 136 79 2,404 Balances with domestic banks 78 102 1,096 97 109 2,437 Other a s s e t s - net L I A B I L I T I E S 2,510 4,153 3,004 17,493 2,295 55,570 Demand deposits adjusted 1,840 770 516 6l4 4,772 23,599 Time deposits except U. S. Government 108 194 125 130 822 2,531 U. S. Government deposits Interbank demand deposits: 426 494 417 344 2,972 10,286 Domestic banks 12 10 24 32 1,398 1,697 Foreign banks Borrowings: 10 34 29 13 270 From Federal Reserve Banks 49 58 114 296 826 50 From others' 58 69 95 121 1,505 2,764 Other l i a b i l i t i e s 350 700 409 3,204 463 9,232 CAPITAL AC C O U N T S 1/ Exclusive of loans to banks and a f t e r deduction of valuation reserves; individual loan 2,685 1,621 4,224 831 16 11 3,361 1,889 1,024 9 11,689 6,651 38 184 27 181 25 279 469 840 52 44 193 551 224 17 432 36 137 41 47 174 631 1,169 75 92 236 766 800 1,404 3,976 108 138 646 3,084 303 24 489 56 1,062 73 l4l 261 37 1,901 121 258 1,500 925 487 17 3,369 1,805 964 89 3,975 2,4l4 1,455 23 17,159 10,560 4,419 229 6 32 34 98 147 27 282 193 605 435 1,227 1,284 183 94 61 114 161 302 826 770 277 337 14 14 607 561 44 49 46l 340 148 61 63 3,920 1,993 4,958 168 8 178 243 426 30 21 85 290 149 8 187 21 72 31 362 725 3,703 l,64l 319 2,104 167 243 460 7,291 1,660 3,299 595 88 354 859 2,306 622 326 87 70 2,683 999 150 9,036 8,474 682 11 1,626 338 4 941 2 880 20 514 129 16 11 93 140 28 14 31 149 22 10 42 15 5 53 449 3 71 522 1,405 2,280 772 105 50 652 5 56 169 7 8 43 331 1,125 290 items are shown gross. 357 298
@FedFRASER