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H.U.2 BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM (For Immediate Release) July 6, 19U9 CONDITION OF TJEEKLY 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 June 29» An increase of $323,000,000 in loans; decreases of $431,000,000 in holdings of Treasury bills, $226,000,000 in demand deposits adjusted, and $440,000,000 in borrowings; and an increase of $475,000,000 in United States Government deposits. Commercial, industrial, and agricultural loans decreased in nearly all districts and a total of $111,000,000 at all reporting member banks; the principal decreases were $44,000,000 in New York City, $28,000,000 in the San Francisco District, and $21,000,000 in Chicago. Loans for purchasing of carrying United States Government and other securities increased $290,000,000 largely in New York City. Holdings of Treasury bills decreased $283,000,000 in New York City, $76,000,000 in the New York District outside of New York City, $2$,000,000 in the San Francisco District, and $21,000,000 in the Philadelphia District, and increased $2$,000,000 in the Chicago District. Holdings of United States Government bonds increased $1*2,000,000 in New York City and a total of $71,000,000 at all reporting member banks. Demand deposits adjusted decreased $191,000,000 in New York City,$£>0,000,000 in the San Francisco District, and $45,000,000 in the New York District outside of New York City, and increased $57,000,000 in the Chicago District. Time deposits increased $78,000,000. United States Government deposits increased in all districts. Borrowings decreased $306,000,000 in New York City and $66,000,000 in the Chicago District. A summary of the assets and liabilities of reporting member banks follows: June 29, 1949* Increase or decrease since June 22, 1949 June 30, 1918 A S S E T S Loans and investments - total Loans - net Loans - gross Commercial, industrial, and agricultural loans Loans to brokers and dealers for purchasing or carrying: U. S. Government obligations Other securities Other loans for purchasing or carrying: U. S. Government obligations Other securities Real estate loans Loans to banks Other loans (In millions of dollars) 62,582 - #24 64 23,883 + 321 + H*3 24,184 + 202 + 323 13,181 - Ill -1,161* U. S. Government securities - total Treasury bills Treasury certificates of indebtedness Treasury notes U. S. bonds Other securities 34,149 1,793 5,27k 950 26,132 4,550 Reserve with Federal Reserve Banks Cash in vault Balances with domestic banks 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: Domestic banks Foreign banks Borrowings 13,255 797 2,088 - 220 + 28 1*6,093 15,396 1,169 8,048 1,3^0 250 - 226 + 78 + L75 - 39 1,025 930 + 219 + 44 + + 31*7 1*56 241 416 4,118 292 3,981 + + + + - 31* 89 Debits to demand deposit accounts, except interbank and U, S. Govt, accounts, during week 22,396 (San Francisco District) because of holiday Digitized^Preliminary for FRASER 32 5 6 88 50 — 366 - 431 5 1 + 71 + + + 21 65 6 - 440 + 293 + + 11*1 252 - 517 + 89 + 605 -1,1*62 + 251 + 310 + 366 + - 30 290 + + + + 321 1*25 125 787 6 222 Federal Reserve Bank of St. Louis < CO mmmm CD ASSETS AND LIABILITIES OF WEEKLY REPORTING 14SPBER BANKS IN LEADING CITIES, JUNE 29, 1949 D i strie t Res F e d e r a l Total* San Phila- jCleve- Rich- Atlanta Chicago St. Minne- Kansas Dallas All Boston New Francisco* Louis apolis City York delphial land mond districts (In millions of dollars) A S S E T S 2,836 20,893 2,544 4,340 2,461 2,236 8,637 2,021 1,166 2,3?6 2,223 10,889 62,532 Loans and investments - total 879 1,458 800 795 2,495 851 411 825 1,013 4,919 23,883 993 8,444 Loans - net# 460 828 357 484 1,600 456 215 511 683 1,989 606 13,181 4,992 Commercial, industrial, & agr'l loans Loans to brokers and dealers for purchasing or carrying i — 5 — — — 1 10 47 1 11 1,025 950 U. S„ Government obligations 17 7 38 18 5 3 4 28 7 732 9 12 930 Other securities Other loans for purchasing or carrying: 11 10 14 20 7 5 18 13 87 40 12 4 241 U. S. Government obligations 27 11 37 11 56 20 182 22 4 24 7 15 416 Other securities 2,150 88 130 65 165 70 340 279 194 4,118 409 93 135 Real estate loans 15 — — 3 1 292 3 24 167 31 5 19 24 Loans to banks 768 166 194 123 209 196 401 217 3,981 278 248 197 984 Other loans 656 1,291 1,090 5,156 1,665 11,130 1,366 2,533 1,524 1,244 5,465 1,029 U, S. Government securities-total 34,149 134 26 113 42 51 421 67 666 69 33 97 74 1,793 Treasury bills 286 933 301 148 268 177 784 191 121 251 285 1,529 Treasury certificates of indebtedness 5,274 143 71 20 41 230 36 45 40 152 31 97 39 Treasury notes 950 806 721 3,941 462 756 2,118 907 4,030 1,224 8,783 1,117 1,267 U. S. bonds 26,132 120 814 220 677 141 99 197 137 173 1,319 299 349 Other securities 4,550 222 507 483 1,830 501 815 395 456 1,379 504 529 5,134 Reserve with Federal Reserve Banks 13,255 120 32 35 13 66 104 29 175 84 42 42 55 Cash in vault 797 259 260 290 82 117 169 320 112 96 137 153 Balances with domestic banks 2,088 93 193 51 25 15 61 50 84 24 72 Other assets - net 419 53 49 1,096 LIABILITIES 841 1,313 1,907 6,444 Demand deposits adjusted 2,331 16,562 2,050 3,020 1,979 1,729 6,025 1,342 46,093 382 486 444 5,265 253 Time deposits except Govt, 477 2,520 599 547 2,590 454 1,379 15,396 170 37 21 38 116 61 279 U, S. Government deposits 44 57 557 35 54 1,469 428 471 266 704 Interbank demand deposits; Domestic banks 326 265 2,641 514 327 401 417 1,238 8,048 82 1 2 5 10 11 50 Foreign banks 33 1,132 5 5 4 1,340 2 — — — Borrowings 7 10 205 15 3 4 4 250 16 164 66 14 26 15 Other liabilities 28 20 17 50 649 39 1,104 202 200 738 100 188 722 178 CAPITAL ACCOUNTS 321 2,467 310 225 467 6,118 Debits to demand deposit accounts, except 611 2,396 673 interbank arid U, S. Govt, accounts 680 335 22,396 826 10,846 810 1,191 614 2,855 559 ^Individual loan items are reported gross, i.e.. before deduction of valuation reserves* i mn narw (San Francrisoa District) because of'holiday. http://fraser.stlouisfed.org/ H.4.2(a)
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