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H.l*.2 BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM (For Immediate Release) July 7, 195k 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 June 30: Increases of S320 million in loans to brokers and dealers for purchasing or carrying securities, $21*0 million in holdings of Treasury bills, and #96 million in balances with domestic banks; decreases of $302 million in loans to banks, $587 million in reserve balances with Federal Reserve Banks, $796 million in demand deposits adjusted, and $832 million in borrowings; and increases of $871 million in United States Government deposits and $91*5 million in demand deposits credited to domestic banks. Commercial, industrial, and agricultural loans decreased $ll* million at all reporting member banks; the principal changes were decreases of $26 million in New York City and $ll* million in Chicago, and an increase of $19 million in the Dallas District. Changes according to industry appear in another press release. Real estate loans increased $28 million. "Other" loans increased $32 million. Holdings of Treasury bills increased $85 million in the Chicago District, $8l million in New York City, $1*5 million in the Cleveland District, and by smaller amounts in most of the other districts. Holdings of Treasury certificates of indebtedness increased $17 million. Holdings of United States Government bonds increased $36 million. Demand deposits adjusted decreased $386 million in New York City, $85 million in the Dallas District, $77 million in the Philadelphia District, and $7It million in the San Francisco District. Time deposits increased $91 million. Borrowings decreased $5ll* million in New York City and $11*3 million in the Chicago District. A summary of assets and liabilities of reporting member banks follows: June* 30, 195k 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 Increase or decrease since June 23, July 1, 1951* 1953 (In millions of dollars) 81,031 39,11*1 39,792 21,882 U.S. Government securities - total Treasury bills Treasury certificates of indebtedness Treasury notes U. S. bonds Other securities 2,379 899 6,669 190 7,773 33,668 2,562 2,777 6,675 21,65k 8,222 Reserves with Federal Reserve Banks Cash in vault Balances with domestic banks 11,017 901* 2,972 LIABILITIES Demand deposits adjusted 53,320 Time deposits except Government 20,87k U. S. Government deposits JU, 21*7 Interbank demand deposits: Domestic banks 11,159 Foreign banks 1,262 Borrowings 1*1* ^Preliminary (Minneapolis and San Francisco districts). +329 + 65 + 70 - Ik +320 + 6 + 28 -302 + 32 +289 + 21*0 + 17 +1*,1*86 - 508 - 177 - 703 + 660 — 25 + 11*1* + 367 - 758 - 187 +1,167 + 1*8 + 687 +1,131* +2,298 + 827 -587 - 1*5 +1*96 - 5U + 17 + 300 -796 + 91 +871 +9k5 - 23 -832 + 500 +2,311 +1,591 - k + 36 + - 766 22 928 H.4.2(a) Total* All New Districts Boston York ASSETS Loans and investments - total 81,031 Loans - net # 39,1M Commercial, industrial, and agr'l loans 21,882 Loans to brokers and dealers for purchasing or carrying securities 2,379 Other loans for purchasing or carrying securities 899 Real estate loans 6,669 Loans to banks 190 Other loans 7,773 U. S. Government securities - total Treasury bills Treasury certificates of indebtedness Treasury notes U. S. bonds Other securities 33,668 2,562 2,777 6,675 21,654 8,222 Reserves with Federal Reserve Banks Cash in vault Balances with domestic banks Other assets - net 14,017 904 2,972 1,687 f F <5 d e r ti 1 R e s e r v e D i s t r l e t Phila- Cleve- RichSt. Minne- Kansas San delphia land mond Atlanta Chicago Louis apolis* City Dallas Francisco* 3,584 25,787 3 , 1 8 9 1,911 13,127 1,687 1,112 8,201 885 5,703 2,383 1,252 86 19 16 267 13 3 6 9 50 58 74 273 12 420 32 90 3 409 117 598 22 257 1 363 12 139 21 210 3 309 87 144 405 39 3,062 24 1,431 1,491 1,250 165 142 125 124 202 383 818 782 224 356 5,624 233 451 1,167 3,773 1,632 33 1,817 60 23 332 3 445 384 864 140 1,951 30 174 3 572 1,361 72 103 156 1,030 312 551 9,939 1,085 80 1,196 100 771 1,605 144 6,367 761 2,721 417 4,950 201 170 657 526 1 512 2,725 110 223 644 1,748 595 512 46 107 72 166 2,754 17,597 2,300 600 4,443 563 198 1,561 179 3,702 1,708 345 65 105 99 920 87 90 3,164 2,972 11,162 2,525 1,394 3,239 3,421 14,891 1,392 1,298 4,379 1,309 681 1,392 1,947 7,635 612 770 2,723 672 346 856 1,319 3,134 1,530 1,387 100 94 149 158 296 330 805 985 242 287 519 72 184 63 467 44 291 61 LIABILITIES Demand deposits adjusted Time deposits except Government U. S. Government deposits Interbank demand deposits: Domestic banks Foreign banks Borrowings Other liabilities CAPITAL ACCOUNTS 53,320 20,874 4,247 11,159 1,262 44 1,896 7,809 325 29 - - 91 407 3,322 1,028 1 951 2,862 455 16 3 46 364 531 8 10 75 587 2,339 2,153 602 701 182 114 436 6 1 46 291 i.e., before deduction of valuation reserves. 649 11 42 264 - - 766 5,707 1,003 48 279 110 392 1,351 271 3,685 574 1,076 213 2,093 115 444 33 121 4l 190 566 43 71 126 326 147 240 15 89 19 571 38 412 — m. 596 44 584 100 2,154 144 308 319 7,097 1,592 3,170 528 707 152 913 2,301 2,473 272 692 555 146 143 79 8,099 7,040 441 1,776 40 335 4 3 27 124 360 196 693 2 — — 121 940 33 239 45 991 1,048 2 9 — • 26 287 «• — 41 336 598 107 26 397 1,108
@FedFRASER