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BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM (For Immediate Release) H.ii.2 June 11, I9I+6 CONDITION OF WEEKLY REPORTING MEMBER BANKS IN LEADING CITIES " 1 "• . ' M l I 1 f » I M. I I I . , H I i 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 101 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 June 5» Decreases of $532,000,000 i n h o l d i n g s of T r e a s u r y c e r t i f i c a t e s of indebtedness and $1,266,000,000 i n United S t a t e s Government d e p o s i t s , p a r t l y R e f l e c t i n g t h e redemption of maturing c e r t i f i c a t e s and t h e Treasury c a l l s on war loan d e p o s i t s f o r t h e payment t h e r e o f ; a decrease of $180,000,000 i n loans f o r p u r c h a s i n g or c a r r y i n g s e c u r i t i e s ; and i n c r e a s e s of $^90,000,000 i n demand d e p o s i t s a d j u s t e d and $228,000,000 i n d e p o s i t s c r e d i t e d t o domestic banks. Loans t o b r o k e r s and d e a l e r s f o r purchasing or c a r r y i n g United S t a t e s Government o b l i g a t i o n s d e c l i n e d $91,000,000 and o t h e r loans f o r t h e same purpose d e c l i n e d $3l+,000,000; 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 o t h e r s e c u r i t i e s d e c l i n e d $53*000,000; t h e s e d e c r e a s e s were l a r g e l y i n New York C i t y . Commerc i a l , i n d u s t r i a l , and a g r i c u l t u r a l loans d e c l i n e d $13,000,000 i n t h e S t . Louis Dist r i c t and 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 c e r t i f i c a t e s of indebtedness d e c l i n e d i n a l l d i s t r i c t s . Holdings of T r e a s u r y b i l l s i n c r e a s e d $198,000,000 i n New York C i t y and $191,000,000 a t a l l r e p o r t i n g member banks, and d e c l i n e d $1+8,000,000 i n t h e Chicago D i s t r i c t . Demand d e p o s i t s a d j u s t e d i n c r e a s e d $2$2jD00,000 i n New York C i t y , $7^,000,000 i n the Cleveland D i s t r i c t , $66,000,000 i n t h e San F r a n c i s c o D i s t r i c t , $5^,000,000 i n the P h i l a d e l p h i a D i s t r i c t , and $^90,000,000 a t a l l r e p o r t i n g member banks. Time d e p o s i t s i n c r e a s e d $32,000,000. United S t a t e s Government d e p o s i t s d e c l i n e d subs t a n t i a l l y i n a l l d i s t r i c t s , ( 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 districts. Borrowings i n c r e a s e d $39,000,000 i n New York C i t y and a t o t a l of $55,000,000. A summary of 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 j —1 — I n c r e a s e or decrease since June June 6 , May 2 9 , 5, 191+5 I9U6 I9I4.6 ( I n m i l l i o n s of d o l l a r s ) ASSETS Loans and Investments - t o t a l +5.077 63.331 556 +2,856 162 Loans - t o t a l H,712 +1,61+7 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 13 7.469 Loans t o b r o k e r s and d e a l e r s f o r purchasing or c a r r y i n g t - 160 U. S. Government o b l i g a t i o n s 1,279 91 - 125 71+1+ Other s e c u r i t i e s 53 Other loans f o r purchasing or c a r r y i n g : + 815 U. S, Government o b l i g a t i o n s 1,629 31+ + 58 2 1+1+8 Other s e c u r i t i e s 11 + 195 Real e s t a t e loans 1,239 + 22 6 80 + Loans t o banks + 1+1+8 11+ 1,851+ + Other loans I63 1 , 2 0 5 + 191 Treasury b i l l s + 1+58 Treasury c e r t i f i c a t e s of indebtedness 532* 9,855 6,685 Treasury n o t e s 29 -2,353 2* U. S. bonds +3,999 27,169 1 15 8 + O b l i g a t i o n s guaranteed by U. S. Government + 295 23 Other s e c u r i t i e s 3,367 - 205 Reserve w i t h Fbderal Reserve Banks 10,195 + 77 12 — 580 + Cash i n v a u l t 2,118 1 5l+ Balances w i t h domestic banks L I A B I L I T I E S -1,252 Demand d e p o s i t s a d j u s t e d 3 9 , 1 3 1 + 1+90 10,011 + +1,557 32 Time d e p o s i t s +11,691 1,266 10,162 U. S. Government d e p o s i t s - 295 9 , 3 8 1 + 228 I n t e r b a n k d e p o s i t s 1 Domestic banks + 211 6 Foreign banks 1,25L - 651 173 + Borrowings 55 Debits t o demand d e p o s i t a c c o u n t s , except 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 ll+,037 •May 29 f i g i r e s r e v i s e d (Chicago D i s t r i c t ) ASSETS AMD LIABILITIES OF REPORTING MEMBER BANKS IN 101 LEADING CITIES, JUNE 5, I9U6 1 1 Total m n ' Tnl.e d e~ r a l T) e% s%e % F R r vL ^ D zS s t r i_c_t "1 ji.nriB - •K a n s a s ! D a l l a s ! S a n New P h i l a - Cleve- Rich- Atlanta Chicago I All " Boston j/r^r-cisco Louis I a o o l i s C i t y j mond delphia land York 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 1 , 3 1 5 2 , 3 5 2 2,079 7 , 2 2 6 2.57U 5,156 2,125 2,179 9 , 1 1 3 2 , o l 5 3,177 23,982 Loans and investments - t o t a l 63,331 21*0 1*21* 679 l,3l*7 576 i*oo 503 1,851 6,180 829 n*, 71*2 579 1,131* Loans - t o t a l 112 239 398 669 293 237 1,031 166 179 276 Commercial, i n d u s t r i a l , & a g r ' l loans 1*93 3,076 7.W9 Loajis t o brokers and d e a l e r s f o r purchasing or c a r r y i n g : 1 27 2 1* 2 121* 1* 11 51* 1,015 1,279 35 x U . S e Government o b l i g a t i o n s 11 30 11 5 9 57 7 31 511* 35 31 71*1* x Other s e c u r i t i e s Othe^ loans f o r purchasing or c a r r y i n g : 123 1*0 H3 30 111* 56 221 60 195 52 586 1,629 p . S, Government o b l i g a t i o n s 39 28 10 33 15 11 5 73 11 221 15 9 1*1*8 17 Other s e c u r i t i e s 1*2 309 1*7 32 192 79 29 1*2 56 177 157 1,239 77 Real e s t a t e loans — 2 1 * 3 1 1 l 67 80 Loans.to banks 86 155 81 117 58 179 83 165 95 155 51*1* 136 1,851* Other x Joans 122 52 81 111 17 31* 95 32 91 60 568 39 1,205 Treasury b i l l s 1,362 1*20 178 1*79 231* 1*52 2,0l*7 1*03 266 2,820 833 361 Treasury c e r t i f i c a t e s of indebtedness 9,855 211* 900 11*7 250 333 215 965 180 280 551 2,321* 326 6,685 Treasury n o t e s 3,01*5 61*7 872 829 677 813 3,621* 2,286 1,023 ,167 1,513 10,973 27,1*69 UV S« bondd 1, - % 2 1 O b l i g a t i o n s guaranteed b y U.S.Government 1*1*6 67 163 59 160 560 139 85 293 1,116 191 88 Other s e c u r i t i e s 3,367 1*02 1,016 206 1*31 336 365 1,1*15 1*25 353 759 1*70 1,017 10,195 Reserve w i t h Federal Reserve Banks 21* 1*7 21 11 22 27 98 38 71* 32 127 580 59 Cash i n v a u l t 276 260 209 82 126 381* 138 137 I89 87 113 117 2,118 Balances w i t h domestic banks 607 23 18 35 21* 90 80 38 80 50 379 1,1*97 73 Other a s s e t s - n e t L I A B I L I T I E S 1,1*75 1,1*23 3,51*0 1,828 3 , H 5 1,388 1,355 5,1*32 1,121 39,1*31 2,171* 15,832 Demand d e p o s i t s a d j u s t e d 222 305 2,091* 307 362 1*1*5 1,940 21*2 1,316 367 10,011 1*56 1,955 Time d e p o s i t s 301 1,115 328 316 29I* 1,1*1*6 338 1*1*8 736 602 1*,005 10^162 IL S. Government d e p o s i t s 1*20 562 809 580 380 1*99 1,597 505 351 3,051 301 9,381 Interbank d e p o s i t s : Domestic banks —— 2 53 3 28 5 6 11 9 1,108 3 26 1,251* Foreign banks 6 3 15 — 13 10 28 2 91 Borrowings 173 5 10 1,390 10 12 16 16 59 31+ 1*5 99 1*1*1* 2.16U Other l i a b i l i t i e s 39 il*5 557 152 89 138 615 129 11*3 262 1*90 2,132 293 CAPITAL ACCOUNTS 5,11*5 B.U,2(a) D e b i t s t o demand d e p o s i t a c c o u n t s , except interbank and U.iS .Govt. accounts 1 , J 1 mm mm m H*,037 575 6,901* 521* 801* 376 367 1,930 383 277 l*2o 353 1,121*