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H.4*2 BOARD OF GOVERNORS OF Ttik FEDERAL RESERVE SYSTEM . (For Immediate Release) July 9# 1958 CONDITION OF Wmmn.v RWORTTNG 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 July 2: Decreases of $306 million in loans adjusted, #770 million in demand deposits adjusted,and $900 million in U, S, Government deposits, and an increase of $1,160 million in demand deposits credited to domestic banks. Commercial and industrial loans decreased $14 million at all reporting member banks; changes according to industry appear in another press release. Loans to brokers and dealers for purchasing or carrying V. S, Government and other securities decreased $303 million in New York City and a total of $351 million at all reporting member banks. Holdings of Treasury bills decreased $121 million, of which $112 million was in the Chicago District. Holdings of Treasury certificates of indebtedness and of Treasury notes increased $29 million and $45 million, respectively. Holdings of "other" securities decreased $242 million, of which $118 million was in New York City, Demand deposits adjusted decreased $357 million in New York City, $95 million in the Cleveland District, $92 million in Chicago," $60 million in the Atlanta District, and $59 million in the Kansas City District, but they increased $70 million in the San Francisco District, Time deposits increased $65 million. Borrowings from other than Federal Reserve Banks increased $84 million. Loans to banks increased $18 million, A summary of assets and liabilities of reporting member banks follows: Increase or decrease since July 3, June 25, 1957 (In millions of dollars) July 2, 1958 * A S S E T S +7,049 - 787 -2,035 + 76 - 58O + 14 9 2,819 - 351 + 927 1,433 8,887 + 11,181 + 52 4 11 + + - 249 238 122 32,583 + + + + + 32 121 29 45 15 242 18 70 43 262 Loans and investments adjusted 1/ Loans adjusted 1/ Commercial and industrial loans Agricultural loans Loans to brokers and dealers for purchasing or carrying securities Other loans for purchasing or carrying securities Real estate loans Other loans 95,253 53,495 29,842 509 U. S, Government securities - total Treasury bills Treasury certificates of indebtedness Treasury notes U, S. bonds Other securities Loans to banks Reserves with Federal Reserve Banks Cash in vault Balances with domestic banks 2,300 1,650 6,868 21,765 9,175 1,441 13,317 967 2,958 - 306 +6,273 34 + 175 +2,639 +3,493 +1,563 + 342 - 259 + 68 + 495 L I A B I L I T I E S + 189 - 770 54,496 Demand deposits adjusted + 65 +4,764 28,324 Time deposits except U, S, Government +1,376 900 6,565 U, S, Government deposits +1,160 +1,454 12,030 Interbank demand deposits $ Domestic banks + 19 Ill 1,530 Foreign banks 8 918 52 Borrowings: From Federal Reserve Banks + 84 + 173 791 From others 1/ Exclusive of loans to banks and after deduction of valuation reserves; individual loan items are shown gross. * Preliminary (San Francisco District) H.4.2(a) ASSETS AND LIABILITIES OF WEEKLY REPORTING MEMBER BANKS IN LEADING CITIES, JULY 2, 1958 Total F e d e r a 1 R e s e r v e D i s t r i c t All , New RichClevePhilaSt. MinneBoston Atlanta Chicago Districts York delphia land mond Louis apolis A S S E T S (In millions of dollars) Loans and investments adjusted l/ 4,104 29,808 3,556 95,253 6,654 ; 3,661 12,449 : 2,873 1,603 3,598 Loans adjusted l/ 53,495 2,459 17,558 2,199 6,142 1,584 3,556 1,944 1,930 914 Commercial and industrial loans 29,842 1,457 11,748 1,135 876 1,034 1,729 3,728 741 463 Agricultural loans 8 509 12 2 8 2 10 12 14 16 Loans to brokers and dealers for purchasing or carrying securities 2,819 36 1,839 89 192 48 10 69 38 258 Other loans for purchasing or carrying securities 464 14 1,433 144 60 58 256 45 51 9 Real estate loans 8,88? 1,166 212 846 186 185 375 797 273 375 Other loans 11,181 2,762 608 635 648 1,213 771 758 245 475 U. S. Government securities - total 1,260 32,583 1,413 9,459 1,001 2,457 : 5,108 : 1,043 1,334 527 Treasury bills 111 2,300 101 1,275 27 263 72 74 29 29 Treasury certificates of indebtedness 81 1,650 82 216 174 21 393 79 52 97 Treasury notes 6,868 1,986 228 1,020 315 219 112 272 735 259 U. S. bonds 21,765 5,805 676 1,447 1,031 891 3,609 753 365 703 Other securities 641 385 304 246 162 9,175 2,791 356 1,199 334 Loans to banks 1,441 8l4 44 25 36 18 56 127 31 15 Reserves with Federal Reserve Banks 4,651 13,317 428 427 518 528 1,871 209 913 555 Cash in vault 80 229 110 967 50 57 52 34 13 95 Balances with domestic banks 110 160 200 2,958 400 167 91 192 91 317 Other assets - net 2,876 130 104 84 1,303 212 107 36 92 43 L I A B I L I T I E S Demand deposits adjusted 54,496 882 3,960 2,498 7,136 1,622 2,953 17,254 2,263 2,195 Time deposits except U. S. Government 28,324 667 6,678 2,004 720 658 914 923 367 3,596 U. S. Government deposits 200 6,565 294 267 2,732 251 906 178 119 527 Interbank demand deposits: Domestic banks 12,030 2,000 500 387 544 3,540 807 380 505 753 Foreign banks 8 22 30 4 4 1,530 1,234 12 49 9 Borrowings: -From Federal Reserve Banks 8 1 1 24 52 From others 1 14 474 65 36 791 17 52 37 3 Other liabilities 3,046 1,518 70 107 135 45 71 70 192 34 C A P I T A L A C C O U N T S 478 424 1,214 748 362 366 9,978 307 170 3,535 1/ Exclusive of loans to banks and after deduction of valuation reserves; individual loan items are shown gross. * Preliminary (San Francisco District) ° «* <*» « I mm •» mm mm Kansas San City Dallas Francisco* 3,638 1,921 963 136 4,339 2,590 1,530 29 18,970 10,698 4,438 260 59 40 141 55 287 450 184 217 636 93 3,968 1,980 1,347 89 89 343 826 370 8 524 38 361 67 1,444 95 86 271 992 305 26 593 47 606 168 6,190 135 280 1,108 4,667 2,082 241 2,100 162 263 530 2,286 719 202 2,620 1,284 215 8,827 9,794 674 963 2 1,086 15 565 141 18 24 39 383 mm mm 8 66 485 60 699 1,506
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