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H.l*,2 BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM (For Immediate Release) June 16* 191*8 CONDITION OF WEEKLY REPORTING IJEi.lBER BANKS IN LEADING CITIES The condition statement of weekly reporting member banks in leading c i t i e s shows the following principal changes f o r the week ended June 9» Increases of $14*9,000,000 in holdings of United States Government s e c u r i t i e s of which $382,000,000 was in Treasury b i l l s , and $350,000,000 in demand deposits adjusted. Commercial, i n d u s t r i a l , and agricultural loans increased $17#000,000 in the San Francisco D i s t r i c t , $12,000,000 in New York City, $10,000,000 in the Cleveland D i s t r i c t , and $39*000,000 at a l l reporting member banks. Loans t o brokers and dealers f o r purchasing or carrying United States Government s e c u r i t i e s decreased $139*000,000, and loans t o brokers and dealers for purchasing or carrying other s e c u r i t i e s increased $120,000,000, both largely in New York City, Holdings of Treasury b i l l s increased in most of the d i s t r i c t s , the principal increases being $278,000,000 in New York City and $1*1|, 000,000 i n the San Francisco D i s t r i c t , Holdings of Treasury c e r t i f i c a t e s of indebtedness decreased $52,000,000 i n New York City and increased in a l l the other d i s t r i c t s ; the net increase at a l l reporting member banks was $36,000,000, Holdings of Treasury notes increased $1*1,000,000 in the Chicago D i s t r i c t and $65,000,000 at a l l reporting member banks. Holdings of United States Government bonds decreased $3^,000,000. Demand deposits adjusted increased in a l l d i s t r i c t s , the principal increases being $166,000,000 i n New York City, $65,000,000 in the San Francisco D i s t r i c t , $39,000,000 in the Boston D i s t r i c t , and $35,000,000 in the Philadelphia D i s t r i c t . United States Government deposits increased # 9 , 0 0 0 , 0 0 0 . Demand deposits credited to domestic banks increased $35,000,000 in the Chicago D i s t r i c t , $3^,000,000 in the San Francisco D i s t r i c t and $168,000,000 at a l l reporting member banks. A summary of the assets and l i a b i l i t i e s of reporting member banks follows* Increase or decrease since June 2, June 11, l9hB 19^7 W (In millions of dollars) June 9, ASSETS Loans and investments - t o t a l Loans - t o t a l Commercial, i n d u s t r i a l , and agricultural loans Loans to brokers and dealers for purchasing or carrying: U, S, Government obligations Other s e c u r i t i e s Other loans for 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 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 Reserve with Federal Reserve Banks Cash i n vault Balances with domestic banks L I A B I L I T IBS Demand deposits adjusted Time deposits except Govt. U, S. Government deposits Interbank demand deposits: Domestic banks Foreign banks Borrowings Debits t o demand deposit accounts, except interbank and U, S, Govt, accounts, during week 63,1*26 + i*90 + 23,561 11,152 + 1*3 +3,1*81* + 39 +2,369 505 531* 278 502 139 + 120 - 255 1 + + 21*7 17 81*1 + 93 3,771 + + 9 16 3,620 + 17 16 202 1*56 + 27 + 619 25,981 1,195 + 382 + 36 + 65 31* 2 • 12,610 - 26 + 981 805 + 1*1 + 21 + 6 5 + 1*1* + 217 + 1*1*6 1,378 + 350 + 13 + 1*9 8,71*0 + 168 - 2,368 1,915 2,Loo 2,331 1*6,996 lit, 01*0 1,319 112 19,336 ~ 9 22 +1,51*9 + 223 262 -1*, 6 6 0 + 122 + 863 - 200 36 .»« Total All Boston New districts York Loans and investments - t o t a l Loans - t o t a l Commercial, i n d u s t r i a l & agr*1 loans 63,426 23,564 14,152 Loans to brokers and dealers for purchasing or carrying: ii e S. Government obligations 505 Other s e c u r i t i e s 534 Other loans f o r purchasing or carrying 5 -U. S. Government obligations 278 Other s e c u r i t i e s 502 JSeal .estate loans 3,771 Loans to banks 202 9thet-Loans 3,620 Tregis-uryibi l i s 2,368 t r e a s u r y c e r t i f i c a t e s of indebtedness 4,915 treasury nates 2,1*00 . tL 3 . bsndi 25,984 Qthec. s e c u r i t i e s 4,195 Raaerve iKith Federal Reserve Banks 12,610 Cash i n vault 805 Balances with domestic banks 2,334 Other assets - net 1,290 L I A B I L I T I E S Demand- deposits adjusted 46,996 lime deposits except Govt. i4,84o _U. ^Government deposits 1,378 Interbank demand deposits^Domestic banks 8,740 Foreign banks 1,319 Borrowings 112 Other l i a b i l i t i e s 1,158 --CABITAL a c c o u h t s Debits t o demand deposit accounts, except interbank and U»S. Govt, accounts 2,814 1,085 21,407 2,523 4,335 2,537 820 7,998 853 1,472 5,402 889 382 494 720 8 14 14 16 122 4 187 123 226 127 1,134 119 520 59 99 83 19,336 794 12 15 55 321 179 949 1,244 7 8 78 1 249 85 53 23 1,214 169 84 1,061 1,265 271 4,794 474 175 45 122 102 60 532 629 17,135 2,371 4o4 2,836 1,199 60 667 2,398 22 3 58 320 l 15 9,057 270 5.922 457 418 217 2,347 491 64 2,023 444 57 333 13 4 26 304 726 8,351 t y , F e d e r a l R e s e r v e D i s t r jLet Phila- Cleve- Rich- Atlanta Minne- Kansas San Chicago St, delphia land mond Louis apolis City Dallas Francisco T* 251 1 228 85 21*8 116 2,071 343 774 84 145 72 2,992 1,329 112 435 4 6 24 26 189 5 188 72 211 72 1,238 124 491 66 166 56 2,051 42 472 593 69 360 6 5 16 216 968 662 24 2,298 8,652 814 2,656 2,027 1,139 2,319 2,18k 413 804 1,001 21*8 510 683 501 1,806 886 509 6 22 31 4 3 17 13 147 1 193 44 154 86 712 145 386 31 6 5 56 123 95 147 23 36 74 6 168 34 258 129 876 187 445 42 194 49 1,758 546 50 458 9 27 70 321 5 374 332 666 392 3,986 620 1,758 100 10 11 110 io4 54 467 81 275 116 815 206 199 368 117 106 96 29 17 491 31 307 29 1,323 473 54 547 802 250 27 288 38k 57 773 6,030 2,460 255 24 183 1,455 25 4 61 - 684 623 2,552 12 2 l 18 172 543 2 1 12 99 3 16 189 368 699 • • 4,762 2,008 3 13 2 20 11,191 20 43 83 166 24 181 94 771 113 1*85 34 301 47 1,871 393 43 531 4 15 194 567 22 34 2,006 676 195 1,209 501 3,796 728 1.786 326 307 220 6,910 5,106 186 454 72 8 203 691 2,1*83