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H.4.2 BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM (For Immediate Release) June 15, 1949 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 8: A decrease of 171^,000,000 in loans, an increase of $312,000,000 in holdings of United States Government securities, and decreases of $214,000,000 in United States Government deposits and $167,000,000 in borrowings. Commercial, industrial, and agricultural loans decreased $17,000,000 in New York City, $11,000,000 in the San Francisco District, and a total of $61,000,000 at all reporting member banks. Loans to brokers and dealers for purchasing or carrying United States Government securities decreased $477,000,000, largely in New York City. Real estate loans increased $11,000,000, and loans to banks decreased $155,000,000. Holdings of Treasury bills increased $60,000,000. Holdings of Treasury certificates of indebtedness increased $121,000,000 in New York City and a total of $160,000,000 at all reporting member banks. Holdings of United States Government bonds increased $39,000,000 in New York City, $31,000,000 in the San Francisco District, and a total of $106,000,000 at all reporting member banks. Demand deposits adjusted decreased $60,000,000 in the Chicago District and increased $24,000,000 in the Philadelphia District; the net decrease at all report? ing member banks was $69,000,000. United States Government deposits decreased in all districts. Demand deposits credited to domestic banks increased $139,000,000. Borrowings decreased $175,000,000 in New York City and $23,000,000 in Chicago, and increased $30,000,000 in the New York District outside of New York City. A summary of the assets and liabilities of reporting member banks follows: June 8, 1949 Increase or decrease since June 9, June 1, 1948 19k9 ASSETS Loans and investments - total Loans - net Loans - gross# Commercial, industrial, and agricultural loans Loans to brokers and dealers for purchasing or carrying: U. S. Government obligations Other securities Other loans for purchasing or carrying: U. S. Government obligations Other securities Real estate loans Loans to banks Other loans (In millions of dollars) -1,510 a 20 61,916 - 468 23,096 715 - 333? 714 23,397 - 831 61 13,U15 U. S. Government securities - total Treasury bills Treasury certificates of indebtedness Treasury notes U. S. bonds Other securities Reserve with Federal Reserve Banks Cash in vault Balances with domestic banks L I A B I L I T I E S Demand deposits adjusted Time deposits except Govt. U. S. Government deposits Interbank demand deposits: Domestic banks Foreign banks Borrowings Debits to demand deposit accounts, except interbank and U. S. Govt, accounts, during week #See footnote on following page. - 477 20 + + 76 66 2 8 + 11 155 6 + + 77 83 319 24 221 34,3k7 2,165 5,385 957 25,840 k,k73 + 312 + 60 + 160 - 17 -1,320 - 203 + 470 -1,443 - 144 + 278 13,293 785 2,101 + + + 50 36 2 k6,295 15,306 677 8,397 1,300 119 69 9 214 + 139 30 167 581 600 201 1*21 4,103 178 3,898 20,158 - + - - lk + 106 - + + - 683 20 233 - 701 + 466 - 701 - 343 19 + 7 \<~/ — A S S E T S Loans and investments - total Loans - net# Commercial, industrial, & agr'l loans Loans to brokers and dealers for purchasing or carrying: U. S. Government obligations Other securities Other loans for purchasing or carrying: U . S . Government obligations Other securities Real estate loans Loans to banks Other loans U . S . Government securities-total Treasury bills Treasury certificates of indebtedness Treasury notes U. S. bonds Other securities Reserve with Federal Reserve Banks Cash in vault Balances with domestic banks Other assets - net L I A B I L I T I E S Demand deposits adjusted Time deposits except Govt. U. S. Government deposits Interbank demand deposits: Domestic banks Foreign banks Borrowings Other liabilities CAPITAL ACCOUNTS Debits to demand deposit accounts, except interbank and U. S. Govt, accounts #Seefor footnote on previous rnsre. Digitized FRASER WEEKLY REPORTING MEMBER BANKS F e d er a 1 Total New Phila- CleveAll Boston York delphia land districts 61,916 23,096 13,415 2,786 976 620 581 600 10 7 201 421 4,103 178 3,398 34,347 2,165 5,385 957 25,840 4,473 13,293 785 2,101 1,200 12 16 132 3 195 1,653 82 294 40 1,237 157 46,295 15,306 677 8,397 1,300 119 1,083 6,118 2,379 476 23 261 29 6 48 322 20,158 763 538 59 84 77 20,332 2,521 864 7,756 5,106 470 8,555 2,455 1,618 2,046 872 484 6 7 9 35 1 5 245 2,514 75 255 97 2,087 348 13 20 194 1 215 1,527 72 191 40 1,224 137 14 26 68 5 196 1,265 56 269 38 902 196 21 56 337 16 394 5,415 399 764 232 4,020 685 10 11 164 1 206 1,037 46 193 51 747 137 118 669 63 135 19 452 97 797 83 134 70 499 65 158 52 466 41 177 54 1,868 99 339 97 407 29 116 26 225 13 89 16 3,004 1,995 600 1,382 37 52 356 418 5 5 11 7 18 43 224 467 1,748 547 23 462 10 25 189 6,037 2,590 115 1,354 48 29 65 720 1,364 486 16 557 2 5 17 177 682 609 2,753 520 18 17 58 4 185 7 91 412 146 3 275 950 11,296 1,359 101 941 130 1,565 27 154 1,101 8,636 1,280 298 32 20 280 5,170 169 106 468 485 43 87 54 16,611 2,036 451 2,483 24 235 2,668 330 10 1,108 3 45 628 25 311 2,467 9,120 731 1,158 2,342 2,238 10,906 823 1,034 4,879 392 512 705 1,992 203 2,266 805 500 4,298 2,468 804 1,436 363 842 1 24 538 470 IN LEADING' CITIES','JUNE 8, 1949 R e s e$ r v e D i s i ; r i c 1 San St. Minne- Kansas RichDallas Atlanta Chicago Francisco Louis apolis City mond 1,014 W* L. 7 4 16 6 13 11 38 87 129 1 — 165 194 1,307 1,082 126 43 277 305 70 39 806 723 122 212 12 26 2,145 2 745 5,223 161 1,007 150 3,905 804 501 35 267 52 1,818 118 275 208 833 1,816 1,891 383 253 441 10 27 24 288 515 742 1 2 5 6 1 13 15 15 202 199 99 6,581 5,214 91 446 75 6 171 741 680 2,416 2 6 5 64 353 — 4 519 31 269 26 517
@FedFRASER