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BOARD OF GOVERNORS OF THE FEDERAL RESBVE SYSTEM (For Immediate Release) June 20, 1956 CONDITION OF TEEKLY REPORTING MrMB,R BANKS IN LEADING CITIES The condition statement of weekly reporting member banks i n leading c i t i e s shows the f o l l o w i n g p r i n c i p a l changes f o r the week ended June 13: Increases of # 2 3 m i l l i o n i n loans adjusted, $390 m i l l i o n i n reserve balances with Federal Reserve Banks, and $1,333 m i l l i o n in demand d e p o s i t s adjusted, and a decrease of $42$ m i l l i o n in United S t a t e s Government d e p o s i t s . Commercial and i n d u s t r i a l loans increased $145 m i l l i o n i n New York City, $34 m i l l i o n i n the San Francisco D i s t r i c t , $30 m i l l i o n i n Chicago, #22 m i l l i o n i n the Philadelphia D i s t r i c t , and by smaller amounts i n most o f the other d i s t r i c t s , r e s u l t i n g i n a n e t i n c r e a s e of $277 m i l l i o n a t a l l reporting member banks. Changes according to industry appear i n another press r e l e a s e . Real e s t a t e loans increased $39 m i l l i o n . "Other" loans increased $69 m i l l i o n , of which $32 m i l l i o n was in Chicago. Holdings of Treasury b i l l s increased $22 m i l l i o n and holdings of Treasury cert i f i c a t e s of indebtedness increased $26 m i l l i o n . Holdings of "other" s e c u r i t i e s increased $29 m i l l i o n i n the San Francisco D i s t r i c t and a t o t a l of $61 m i l l i o n at a l l reporting member banks. Demand deposits adjusted increased in a l l d i s t r i c t s ; t h e p r i n c i p a l increases were $492 m i l l i o n i n New York City, $146 m i l l i o n in the San Francisco D i s t r i c t , $122 m i l l i o n i n the Cleveland D i s t r i c t , $93 m i l l i o n in Chicago and $89 m i l l i o n i n the Philadelphia D i s t r i c t . Time deposits increased $45 m i l l i o n . Demand deposits credited t o domestic banks increased $122 m i l l i o n . Borrowings from Federal Reserve Banks increased #164 m i l l i o n and borrowings from others decreased $120 m i l l i o n . Loans t o banks decreased $93 m i l l i o n . H.4.2 Increase or decrease s i n c e June 15, June 6, 1956 1955 (In m i l l i o n s of d o l l a r s ) June 13. 1956 ASSETS Loans and investments adjusted 1 / Loans adjusted 1 / ™* Commercial and i n d u s t r i a l loans Agricultural loans Loans to brokers and dealers f o r purchasing or carrying s e c u r i t i e s Other loans f o r purchasing or carrying s e c u r i t i e s Real e s t a t e loans 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 85,236 50,483 27,775 483 + + 2,452 1,259 8,5U7 10,821 + 26,745 651 543 6,031 19,520 8,008 + + + + m + + + - + 510 423 2 + 227 #7,058 *k-m Io> y 22 14 39 89 - 374 + 77 2 / > 750 V +1,833 26 22 26 4 18 61 -6,097 - 604 - 474 -3,108 -1,911 - 734 Loans t o banks 93 + 513 1,363 Reserves with Federal Reserve Banks - 428 13,570 4* 390 Cash in v a u l t 78 + 78 1,003 + Balances with domestic banks 60 2,571 + 230 L I A B I L I T I E S Demand deposits adjusted 56,974 + 1 ,333 - 752 Time d e p o s i t s except U. S. Government 21,851 45 + 25L U. S. Government deposits 2,362 - 425 61 Interbank demand d e p o s i t s : Domestic banks - 274 10,363 + 122 11 + 3l Foreign banks 1,482 Borrowings: From Federal Reserve Banks - 103 529 + 164 From others + 461 984 - 120 individual Exclusive o f loans to banks and a f t e r deduction of v a l u a t i o n r e s e r v e s 17 — loan items are shown g r o s s . 2 / October 5, 1955 r e c l a s s i f i c a t i o n increased commercial and i n d u s t r i a l loans $318 m i l l i o n and decreased r e a l e s t a t e loans and "other" loans $294 and „25 millions, respectively. «•» H.4.2(a) ASSETS AMD LIABILITIES OF WEEKLY REPORTING MEMBER BANKS IN LEADING CITIES. JUNE 13, 1956 R e s e r v e D i s t r i c t F e d e r a 1 Total New S t . Minne- Kansas P h i l a - Cleve- RichSan All Boston Atlanta Chicago Dallas York delphia land mond Louis a p o l i s City Districts Francisco ( I n m i l l i o n s of dol]Lars) ASSETS Loans and investments adjusted l / 85,236 3,422 3,300 3,787 25,582 3,301 6,084 11,677 2,678 1,463 3,316 3,776 16,850 2,424 16,476 2,284 3,244 50,483 864 1,757 2,439 1,783 1,739 6,005 1,584 Loans adjusted l / 9,884 1,446 10,519 1,196 1,576 822 446 3,689 27,775 Commercial and i n d u s t r i a l loans 945 789 916 1,501 3,930 483 10 12 1 21 22 1 11 Agricultural loans 9 17 103 246 30 Loans t o brokers and d e a l e r s f o r 28 2,452 63 4 130 28 purchasing or carrying s e c u r i t i e s 30 1,785 24 219 35 23 83 Other loans f o r purchasing or carrying 142 28 52 24 1,259 507 49 25 securities 177 13 55 130 57 1,180 160 364 229 8,547 Real e s t a t e loans 334 787 279 735 289 207 173 3,810 10,821 461 561 1,229 420 598 223 Other loans 2,777 719 567 793 580 1,893 6,806 1,018 26,745 862 U. S. Government s e c u r i t i e s - t o t a l 736 2,227 1,371 1,248 4,459 443 1,207 1,099 5,269 8 278 46 651 38 89 47 4 Treasury b i l l s 3 28 17 65 28 18 111 30 23 Treasury c e r t i f i c a t e s of indebtedness 543 56 63 54 14 10 27 98 39 6,031 600 1,194 138 171 Treasury notes 296 403 1,121 120 250 223 332 1,183 814 19,520 968 U. S. bonds 5,223 744 567 1,533 3,229 581 809 309 783 3,960 8,008 281 2,300 268 613 345 Other s e c u r i t i e s 1,213 313 232 156 238 352 1,697 Loans t o banks Reserves with Federal Reserve Banks Cash i n v a u l t Balances with domestic banks Other a s s e t s - n e t 1,363 13,570 1,003 2,571 2,101 55 511 67 93 96 900 4,782 223 174 863 12 493 48 122 95 63 936 104 164 98 28 521 80 181 76 23 511 51 293 81 22 2,007 123 279 142 19 433 37 150 47 L I A B I L I T I E S Demand d e p o s i t s adjusted 2,897 18,501 2,423 4,111 56,974 2,593 2,390 7,381 1,714 Time d e p o s i t s except 0 . S. Government 621 21,851 496 1,757 4,453 645 732 568 3,199 U. S. Government d e p o s i t s 2,362 108 122 706 126 84 88 191 381 Interbank demand d e p o s i t s ; Domestic banks 10,363 427 345 2,990 528 455 711 1,662 654 Foreign banks 1,482 20 32 1,154 12 44 4 9 9 Borrowings: From Federal Reserve Banks 8 529 17 69 33 35 36 205 7 From others 984 60 33 395 77 3 165 19 7 Other l i a b i l i t i e s 2,524 101 1,223 46 91 77 166 59 39 441 CAPITAL ACCOUNTS 8,775 650 3,069 391 336 311 1,047 , 275 1 / Exclusive of loans t o banks and a f t e r deduction of valuation r e s e r v e s ; individual loan items are shown gross. 1 208 16 95 25 32 553 44 319 55 23 517 49 448 135 185 2,098 l6l 253 388 899 289 46 2,371 561 102 2,637 853 90 9,057 7,677 318 327 5 863 2 843 15 558 176 34 35 30 143 32 16 37 315 27 11 54 418 26 163 601 1,359
@FedFRASER