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BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM (For Immediate Release) June 1, 19U9 H.U.2 CONDITION OF WEEKLY REPORTING MEMBER BANKS IN LEADING CITIES The condition statement of weekly reporting member banks in leading c i t i e s shows the following p r i n c i p a l changes f o r the week ended May 25* A decrease of $176,000,000 in loans, increases of $278,000,000 in holdings ^of United States Government s e c u r i t i e s and $$66,000,000 i n demand deposits adjusted, and a decrease of $U8U,000,000 in borrowings. Commercial, i n d u s t r i a l , and a g r i c u l t u r a l loans decreased i n nearly a l l d i s t r i c t s and a t o t a l of $118,000,000 a t a l l reporting member banks; the p r i n c i p a l decreases were $#,000,000 in New York City and $17,000,000 in the San Francisco D i s t r i c t . Loans to brokers and dealers for purchasing or carrying United States Government and other s e c u r i t i e s decreased $166,000,000, largely in New York Ci y . Loans to banks increased $9^,000,000. Holdings of Treasury b i l l s increased $120,000,000. Holdings of Treasury^ c e r t i f i c a t e s of indebtedness increased $10$,000,000 in New York City and a t o t a l of $98,000,000 a t a l l reporting member banks. Holdings of United States Government bonds increased $$1,000,000, and holdings of "other s e c u r i t i e s " increased Demand deposits adjusted increased in nearly a l l d i s t r i c t s ; the p r i n c i p a l i n creases were $2$6,000,000 in New York City, $116,000,000 i n the C ^ a g o D i s t r i c t , $68,000,000 in the New York D i s t r i c t outside of New York City, and $35,000,000 in the St. Louis D i s t r i c t . Demand deposits credited t o domestic banks decreased ^ 2 ° 2> Borrowings decreased #27*000,000 in New York City and $75,000,000 in the Chicago D i s t r i c t . -A summary of the a s s e t s and l i a b i l i t i e s of reporting member banks follows: May 2S, 1919* ASSETS Loans and investments - t o t a l Loans - net Loans - gross# 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 Loans t o brokers and dealers f o r purchasing or carrying: U. S. Government obligations Other s e c u r i t i e s Other loans f o r purchasing or carrying* U. S. Government obligations Other s e c u r i t i e s Real e s t a t e loans Loans t o banks Other loans 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 (In 62,286 23,700 23,998 13,629 892 602 - 12k - U2 + + 210 208 200 U37 U,083 28U 3,871 + 6 + 16 6 + 9b — X + 278 + 120 + 98 + 6 + $k + 30 . + + + 81 L8 32$ ko 21$ 3U,150 2,208 U,996 973 2$,973 U,U36 13,189 Reserve with Federal Reserve Banks 788 Cash in vault 2,01$ Balances with domestic banks L I A B I L I T I E S U6,382 Demand deposits adjusted 1$,279 Time deposits except Govt. 1,187 U. S. Government deposits 7,919 Interbank demand deposits: Domestic banks 1,302 Foreign banks 230 Borrowings Debits t o demand deposit accounts, except interbank 19,U8$ and U. S. Govt, accounts, during week #See footnote on folldirLng page.. (San Francisco D i s t r i c t ) because of holiday. Digitized^Preliminary for FRASER Increase of decrease since May 26, May 18, 1918 19U9 millions of dollars) - 78k + 132 + 66 - 176 + 198 - 17$ - 671 - 118 -1,087 + 263 >1,117 —1,U06 -1,061 + 237 - 2k9 . + 27 - 36 + - + $66 + 28 U - 202 . • 2$ .. - U8U - 1*7$ + $20 - 163 - 2$ 2 9 + 699 17 87 $ ASSETS AND LIABILITIES OF MEEKLY REPORTING MEMBER BANKS IN LEADING CITIES* MAY 25} 1949 t r i c t F e d e r a l R e s e r v e San Minne- Karsr.s Dallas P h i l a - Cleve- Rich- Atlanta Chicago j S t . , mi ' Francisco* City Louis apolis mond delphia land liars") ASSETS 10,884 2,243 62,286 2,791 20,598 2,515 4,298 2,465 2,270 8,668 2,042 1,140 2,372 Loans and investments — t o t a l 4,893 1,040 823 896 399 811 2,508 817 881 1,430 992 8,210 23,700 Loans - net# 2,025 715 512 209 508 514 1,648 371 841 486 632 5,168 13,629 Commercial, i n d u s t r i a l , & a g r ' l loans Loans t o brokers and dealers f o r purchasing or carrying: w 5 1 31 12 1 830 12 892 U. S. Government obligations 17 6 2 4 31 4 17 21 602 7 479 Other s e c u r i t i e s Other loans f o r purchasing or carryings 12 6 13 7 10 22 14 13 32 11 56 4 200 U. S. Government obligations 28 37 12 11 4 26 57 20 21 7 16 198 437 Other s e c u r i t i e s 2,143 87 128 64 164 67 337 278 193 90 402 130 4,033 Real e s t a t e loans A 1 — 1 1 17 2 5 7 5 6 235 284 Loans t o banks 722 191 165 119 207 396 189 219 242 275 196 950 3,871 Other loans 5,201 1,083 648 1,335 1,266 5,466 1,012 34,150 1,649 11,129 1,325 2,522 1,514 U. S. Government s e c u r i t i e s - t o t a l 172 53 155 45 52 68 63 453 79 85 2,208 904 79 Treasury b i l l s 975 265 291 131 171 721 254 175 231 107 264 1,411 4,996 Treasury c e r t i f i c a t e s of indebtedness 150 41 70 27 238 49 37 107 40 27 146 41 973 Treasury notes 3,904 724 819 740 445 912 4,054 1,231 2,105 25,973 1,265 8,668 1,106 U» S, bonds 790 120 214 93 134 694 193 134 346 309 150 1,259 Other s e c u r i t i e s 4,436 1,840 492 512 222 420 492 797 459 1,876 546 5,038 495 13,189 Reserve with Federal Reserve Banks 123 34 31 13 29 100 86 41 64 56 167 7 88 44 Cash i n vault 263 280 255 98 111 166 312 146 140 80 101 Balances with domestic banks 93 2,045 204 51 26 15 25 68 92 51 51 Other a s s e t s - net 77 462 1,176 54 L I A B I L I T I E S 6,563 827 3*639 1,922 1,388 1,756 6,085 46,382 2,356 16,659 2,022 2,980 1,985 Demand deposits adjusted 5,204 441 385 254 484 601 546 2,582 476 2,465 15,279 453 1,388 Time deposits except Govt. 156 36 45 23 242 34 35 54 370 1,187 52 93 47 U. S, Government d e p o s i t s 404 479 711 267 518 322 424 1,272 402 314 253 2,553 7,919 Interbank demand deposits:Domestic banks 74 5 1 2 2 11 48 10 5 5 1,302 31 1,108 Foreign banks U — 1 4 7 40 2 16 9 18 107 15 Borrowings 230 168 15 13 68 17 15 24 19 25 1,086 637 39 Other l i a b i l i t i e s 46 734 202 198 177 711 99 189 223 466 CAPITA!• AP.f.OTTMT.q 310 6,099 323 2,467 H+4.2(a) Debits t o demand deposit accounts, except 634 2,622 759 8,398 742 1,082 693 interbank and U. S. Govt, accounts 19,4-85 Digitized$See for FRASER footnote on previous page» ^Preliminary (San Francisco D i s t r i c t ) because of holiday# 530 327 711 652 2,335
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