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BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM (For Immediate R e l e a s e ) HJ.;»2 J u l y 9# 1947 CONDITION OF WEEKLY REPORTING MEMBER BANKS IN LEADING CITIES The c o n d i t i o n s t a t e m e n t of weekly r e p o r t i n g member banks i n l e a d i n g c i t i e s shows t h e f o l l o w i n g p r i n c i p a l changes f o r t h e week ended J u l y 2: A d e c r e a s e of 1587,000,000 i n demand d e p o s i t s a d j u s t e d and an i n c r e a s e of 3^1^,000,000 i n demand d e p o s i t s c r e d i t e d t o domestic banks• 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 i n c r e a s e d 513,000,000 i n t h e Chicago D i s t r i c t , $12,000,000 i n New York C i t y , and $^2,000,000 a t a l l r e p o r t i n g member b a n k s . Loans t o b r o k e r s and . d e a l e r s f o r p u r c h a s i n g o r c a r r y i n g United S t a t e s Government s e c u r i t i e s d e c r e a s e d $ 4 6 , 0 0 0 , 0 0 0 i n N§w York City and $4-2,000,000 a t a l l r e p o r t i n g member banks• Holdings of T r e a s u r y b i l l s i n c r e a s e d *157#000,000* Holdings of Treasury c e r t i f i c a t e s of i n d e b t e d n e s s i n c r e a s e d ?$94*OQG,000 i n t h e Chicago D i s t r i c t b u t dec r e a s e d i n a l l o t h e r d i s t r i c t s * t h e d e c r e a s e e t a l l r e p o r t i n g member banks was 5134,000,000. Der.and d e p o s i t s a d j u s t e d d e c r e a s e d i n most d i s t r i c t s , t h e p r i n c i p a l d e c r e a s e being 3177,000,000 i n New York C i t y . United S t a t e s Government d e p o s i t s i n c r e a s e d *1^1,000,000 i n t h e City bf Chicago and *7^,000,000 a t a l l r e p o r t i n g member banks• Demand d e p o s i t s c r e d i t e d t o domestic banks i n c r e a s e d i n a l l d i s t r i c t s , t h e p r i n c i p a l i n c r e a s e s b e i n g ; 1 1 0 , 0 0 0 , 0 0 0 i n N^w York City and *80,000,000 i n t h e Chicago District. A summary o f t h e a s s e t s and l i a b i l i t i e s of r e p o r t i n g member banks f o l l o w s : July 2, W A S S E T S Loans and i n v e s t m e n t $ - t o t a l Loans - t o t a l 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 Loan^ t o b r o k e r s and d e a l e r s f o r p u r c h a s i n g or c a r r y i n g : U. S. Government o b l i g a t i o n s Other s e c u r i t i e s Other l o a n s f o r p u r c h a s i n g or c a r r y i n g : IT, S. Government o b l i g a t i o n s Other s e c u r i t i e s Real e s t a t e l o a n s Loans to banks Other l o a n s (In m i l l i o n s 0 f d o l l a r s ) 63,371 20,277 11,809 7U2 52 i+ . + b n - 2,981 158 3,077 Reserve?' w i t h F e d e r a l Reserve B&nks Cash i n v a u l t Balances w i t h domestic banks L I A B I L I T I E S 11,627 730 2,325 Borrowings + + 989 61t8 2,652 30,701 4,10.4 b , b6,602 lb,b32 Domestic banks F o r e i g n banks 86 + 515 Treasury b i l l s T r e a s u r y c e r t i f i c a t e s of i n d e b t e d n e s s Treasury notes U* S. bonds Other s e c u r i t i e s Demend 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 e x c e p t Govt, U. 3, Government d e p o s i t s I n t e r b a n k demand d e p o s i t s : Increase or decrease since J u l y 5, June 25, 19/:6 I9I17 697 9,182 1,350 ll+o b7 -6,058 +3,095 52 +3,33b 1*2 10 - 17 9 -1,110 58 + 992 25 + 80 6 + + + 157 - 13k + + - + + + + - + l k 7 2 15 9 8 5bl 303 - 11»2 -6,777 -3,012 + 618 + 160 101 14 97 + + 387 20 +1,18% + 931 -7,563 - 690 + 37 - 105 l b b i b 25 1- 117 QQ 6b D e b i t s t o demand d e p o s i t a c c o u n t s , e x c e p t i n t e r b a n k and U. S« Govt, a c c o u n t s , d u r i n g week 23,032 As announced i n t h e June F e d e r a l Reserve B u l l e t i n , t h i s i s t h e f i r s t r e l e a s e of t h e r e v i s e d s e r i e s of weekly r e p o r t i n g member bank s t a t i s t i c s . The J u l y Fede r a l Reserve B u l l e t i n w i l l c o n t a i n r e v i s e d s e r i e s d a t a f o r t h e p e r i o d J u l y 3# 1946 t h r o u g h June 2 5 , 1947, Data f o r such p e r i o d may be o b t a i n e d upon r e q u e s t * . H«4»2(a) ASSETS Aim LIABILITIES OF TTEEKLY REPORTING MH5BER 3AITKS IK LEADIHG CITIES,. JULY 2 , 1947 F e d e r a 1 k e s e r v e D i s A; r 1 c t Total Minne- Kansas all New ( P h i l a - C l e v e - J R i c h - A t l a n t a j C h i c a g o S t . San jDallas Boston Francisco apolis City L o u i s jmond l a n d York j d e l p h i a districts ( i n m i l l i o n s of d o l l a r s ) A S S E T S 10,752 768 1422 358 201 678 431 820 549 5,928 2 6 l 7 64 69 1 5 1 2 " 4 8 23 56 20 llj6 3 52 11 33 35 75 I42 160 49 34 55 5 154 , 19 12 17 24 9 7 77 89 2,486 4,180 925 578 6,952 4,477 759 436 l k 2 26 12 622 547 471 2,981 158 3,077 19 15 117 204 105 2 255 166 792 Treasury b i l l s T r e a s u r y c e r t i f i c a t e s of i n d e b t e d n e s s Treasury notes U. S* b o n d s Other s e c u r i t i e s 989 4,648 2,652 30,701 4,104 69 193 85 1,495 111 R e s e r v e w i t h F e d e r a l R e s e r v e Banks Cash i n v a u l t Balances w i t h domestic banks Other a s s e t s - n e t 11,627 501 53 117 55 730 2,325 962 2,086 5 17 22,225 138 2,284 1,241 700 2,876 515 1,115 2,270 63,571 20,277 11,809 524 2,C16 703 398 8,596 2,W> 1,605 2,505 701 358 Loans a n d i n v e s t m ^ f f t s - t o t a l Loans - t o t a l Commercialj i n d u s t r i a l , & a g r f l loans Loans t o b r o k e r s and d e a l e r s f o r p u r c h a s i n g or c a r r y i n g : lie S# Government o b l i g a t i o n s Other s e c u r i t i e s O t h e r l o a n s f o r p u r c h a s i n g or c a r r y i n g : U . S# Government o b l i g a t i o n s Other s e c u r i t i e s Real e s t a t e loans Loans t o b a n k s Other loans 15 196 4 2 196 208 4? 65 16 128 271 1 322 — — — 89 117 122 2l* 90 154 657 15 28 67 588 172 116 217 81 2,531 507 1,566 121 1,005 187 159 761 388 4,514 528 471 37 99 52 722 71 151 61 470 58 160 50 450 37 185 45 1,520 101 575 71 550 1 7 , 6 5 5 2,026 2,011 610 38 51# 9 16 206 1,719 553 18 478 6 1 21 171 5,8l£ 2,578 211 1,493 29 3 53 1,051 639 1,099 878 11,559 1,354 4,54o 169 156 560 13 243 120 48 19 12 95 2 162 % 59 108 72 1,254 254 . 6 145 61 51 260 150 957 188 205 11 89 14 478 25 286 24 771 1,654 584 33 841 1 652 1,271 471 16 576 6 15 14 164 5,060 596 26 120 25 45 227 116 782 98 I460 29 297 39 1,-684 5 52 1,552 1 589 124 1,250 kk5 4,255 752 1,682 115 512 168 L I A B I L I T I E S 1)6,602 14,432 .697 9,182 1,350 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 e x c e p t G o v t . tie S» Government d e p o s i t s " I n t e r b a n k demand d e p o s i t s : D o m e s t i c b a n k s F o r e i g n banks Borrowings Other l i a b i l i t i e s CAPITAL ACCOUNTS http://fraser.stlouisfed.org/ + Louis Federal Reserve Bank of St. ^ * l £6 50 295 19 10 1,211 10 l 26 501 2,896 1,288 * 28 465 5 9 54 462 847 1,168 2,225 lj22 193 5,051 17 3lj2 873 5,739 lj6 511 75 495 2,569 25,052 896 10,906 i 4 o D e b i t s t o demand d e p o s i t a c c o u n t s , e x c e p t i n t e r b a n k a n d U« S . G o v t , a c c o u n t s 2,575 4 *•- - - * * 1,755 374 IB 569 6,667 4 96 13 15 178 4,988 • 65 454 53 13 177 130 652 561 685 538 2,307 245 10 291 2 5 12 1 - - j 1 :
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