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H,k.2 BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM (For Immediate Release) June 2, 195k CONDITION OF MEEKLY 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 May 26: An increase of $707 million in demand deposits adjusted and decreases of $388 million in United States Government deposits and $362 million in demand deposits credited to domestic banks. Commercial, industrial, and agricultural loans decreased $60 million in New York City, $28 million in the Chicago District, Slit million in the Cleveland District, and a total of $121 million at all reporting member banks. Changes according to industry appear in another press release. Loans to brokers and dealers for purchasing or carrying securities decreased $165 million. Loans to banks increased $102 million. Holdings of Treasury bills increased $193 million in the New York District but they decreased $55 million in Chicago, $1*9 million in the Kansas City District, $31 million in the San Francisco District, and by smaller amounts in all but one of the other districts; the net decrease at all reporting member banks was $7 million. Holdings of Treasury certificates of indebtedness and of Treasury notes increased $19 million and $20 million, respectively. Holdings of United States Government bonds increased $68 million. Holdings of "other" securities increased $58 million. Demand deposits adjusted increased $272 million in New York City, $173 million in the Chicago District, $kl million in the Boston District, and $36 million in the Philadelphia District. Time deposits increased $58 million. Borrowings decreased $87 million at all reporting member banks. A summary of assets and liabilities of reporting member banks follows: Increase or decrease since May 19, May 27, 195k 1953 May * 26, 195k (In millions of dollars. A S S E T S Loans and investments - total Loans - net Loans - gross Commercial, industrial, and agricultural loans Loans to brokers and dealers for purchasing or carrying securities Other loans for purchasing or carrying securities Real estate loans Loans to banks Other loans 80,539 39,ao 10,079 21,85k + 9 -lk9 -150 -121 +k,660 - 101 73 - 982 2,110 938 6,587 868 7,722 -165 + 16 + 5 +102 + 13 + + + - U« S. Government securities - total Treasury bills Treasury certificates of indebtedness Treasury notes U . S . bonds Other securities 33,058 2,393 2,679 6,533 21,153 8,01*1 +100 - 7 + 19 + 20 + 68 + 58 + 950 + 708 + 868 +1,757 + k78 Reserves with Federal Reserve Banks Cash in vault Balances with domestic banks Ik,333 962 2,k8k -100 + kk - 61 + L I A B I L I T I E S Demand deposits adjusted Time deposits except Government U. S. Government deposits Interbank demand deposits: Domestic banks Foreign banks Borrowings 5k, 1*22 20,558 3,3kk 10,005 +707 + 58 -388 -362 - 39 - 87 + 533 + 2,20k +I,6k9 + 6kl - Ilk - 38 3 Digitized-^Preliminary(San for FRASER Francisco District). 1,230 633 5k6 15k 327 2 116 +k,283 163 11 156 5.4.2(a) A S S E T S ASSETS AND LIABILITIES OF WEEKLY REPORTING MEMBER BANKS IN LEADING CITIES, May 26, 1954 Total* F e d e r a 1 Re s e r v e Diet r 1 c t All New Phila- Cleve- RichSt. Minne- Kansas San* Boston Atlanta Chicago Districts land mond delphia York Louis apolis City Dallas Francisco (In millions of dollars) Loans and investments - total Loans - net # Commercial, industrial, and agr'l loans Loans to brokers and dealers for purchasing or carrying securities Other loans for purchasing or carrying securities Real estate loans Loans to banks Other loans 80,539 39,440 21,854 3,557 1,836 1,056 25,490 13,564 8,333 3,136 1,663 868 5,639 2,399 1,258 3,131 1,388 617 2,989 1,289 765 11,118 4,395 2,754 2,551 1,336 685 1,364 675 338 3,241 1,367 817 3,387 1,9U 1,287 14,936 7,617 3,076 2,110 25 1,623 60 80 21 16 177 18 4 7 14 65 938 6,587 868 7,722 23 316 14 438 413 855 599 1,968 32 168 10 562 59 522 24 507 78 269 9 412 34 89 5 402 122 581 104 745 22 258 19 352 12 139 3 188 21 204 26 305 83 136 7 401 39 3,050 48 1,442 U. S. Government securities - total Treasury bills Treasury certificates of indebtedness Treasury notes U. S. bonds Other securities 33,058 2,393 2,679 6,533 21,453 8,041 1,410 125 98 174 1,013 311 9,299 925 663 1,429 6,282 2,627 1,082 64 108 153 757 391 2,663 64 228 603 1,768 577 1,504 103 127 296 978 239 1,422 104 166 339 813 278 5,635 322 397 1,338 3,578 1,088 1,012 53 109 265 585 203 545 23 48 157 318 144 1,528 203 135 380 810 346 1,255 137 133 198 787 221 5,703 271 467 1,201 3,764 1,616 Reserves with Federal Reserve Banks Cash in vault Balances with domestic banks Other assets - net 14,333 962 2,484 1,746 589 67 98 100 5,100 223 136 699 534 52 93 68 931 96 158 90 522 78 175 69 521 46 218 64 2,205 120 316 131 447 35 134 40 228 16 96 20 587 41 340 44 598 48 437 93 2,071 140 283 328 54,422 20,558 3,344 2,814 588 153 18,008 4,294 1,276 2,362 560 124 3,788 1,695 205 2,363 680 156 2,214 599 101 7,383 3,137 531 1,631 525 105 884 269 59 2,283 547 114 2,542 693 123 8,150 6,971 397 10,005 1,230 633 2,088 7,784 291 28 35 94 4o8 2,929 992 272 1,024 2,853 379 15 35 46 362 509 7 39 85 586 398 9 27 51 291 565 11 38 47 263 1,646 39 78 l4o 936 624 2 42 39 239 347 3 9 28 125 978 2 10 34 285 809 14 530 108 48 455 1,099 L I A B I L I T I E S Demand deposits adjusted Time deposits except Government U. S. Government deposits Interbank demand deposits: Domestic banks Foreign banks Borrowings Other liabilities CAPITAL ACCOUNTS # Individual loan items are reported gross, i.e., before deduction of valuation reserves. * Preliminary (San Francisco District), mm mm 45 337
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