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H.4.2 BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM (For Immediate Release) June 23, 1948 CONDITION OF WEEKLY REPORTING MEMBER BANKS IN LEADING CITIES The condition statement of weekly reporting member banks i n leading c i t i e s shows the following principal changes f o r the week ended June 161 A decrease of $1*17,000,000 in holdings of United States Government s e c u r i t i e s of which $21*4,000,000 was i n Treasury b i l l s , and increases of $774,000,000 i n reserve balances with Federal Reserve Banks, $263,000,000 i n demand deposits adjusted, and $408,000,000 in demand deposits credited t o domestic banks. 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 increased $ 6 9 , 0 0 0 , 0 0 0 in New York City and $ 9 3 , 0 0 0 , 0 0 0 a t a l l reporting member banks. Loans f o r purchasing or carrying United States Government and other s e c u r i t i e s decreased $ 1 0 4 , 0 0 0 , 0 0 0 , largely i n New York City. Holdings of Treasury b i l l s decreased $ 2 6 3 , 0 0 0 , 0 0 0 in New York City and $ 4 0 , 0 0 0 , 0 0 0 in the Chicago D i s t r i c t , and increased $ 3 5 * 0 0 0 , 0 0 0 in the Kansas City 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 $ 5 2 , 0 0 0 , 0 0 0 in New York City, $ 5 2 , 0 0 0 , 0 0 0 i n the Chicago D i s t r i c t and $ 7 4 , 0 0 0 , 0 0 0 a t a l l report ing member banks. Holdings of Treasury notes increased $ 1 3 , 0 0 0 , 0 0 0 . Holdings of United States Government bonds decreased in a l l d i s t r i c t s , and the t o t a l decrease at a l l reporting member banks was $112,000,000. Demand deposits adjusted increased in most of the d i s t r i c t s , the principal increases being $ 6 2 , 0 0 0 , 0 0 0 i n New York D i s t r i c t , $ 6 1 , 0 0 0 , 0 0 0 i n the Kansas City D i s t r i c t , $ 5 5 , 0 0 0 , 0 0 0 in the Chicago D i s t r i c t , and $1*8,000,000 i n the Dallas Dist r i c t . United States Government deposits decreased $ 2 ^ 6 , 0 0 0 , 0 0 0 . Demand deposits credited t o domestic banks increased in nearly a l l d i s t r i c t s . Borrowings increased $1*2,000,000 i n the City of Chicago and $ 1 5 , 0 0 0 , 0 0 0 at a l l reporting member banks, and decreased $21*,000,000 in the Cleveland D i s t r i c t . 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 X0 p June 9, 19U7 1948 I9U8 (In millions of dollars) - 321 63,085 -341 +3,543 23,615 + 51 +2,491 H*,21*5 + 93 June 16, 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 a g r i c u l t u r a l loans Loans to brokers and dealers f o r purchasing or carrying: U. S, Government obligations Other s e c u r i t i e s Other loans f o r 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 I E S Demand deposits adjusted Time deposits except Govt. U. S. Government deposits banks banks Borrowings Debits to demand deposit accounts, except interbank and U, S.Govt, accounts, during week - 23 - - 231 - 65 282 1*82 + 1* - 221 222 + 20 1*82 469 — 20 57 3 + 839 3,788 + 17 3,61*5 + 25 -21*1* - 74 + 13 + 633 + 973 + 42 + 25 +774 2,121* l*,8l*l 2,1*13 25,872 4,220 13,381* 775 2,1*67 47,259 14,862 1,082 9,148 1,330 127 22,901* -112 + 92 - 210 + 132 -4,801 +1,616 - 30 + + 8 49 +263 + 22 + + + 224 460 529 61 3 10 +133 -296 +408 + 11 + 15 - + - H.l*.2(a) ASSETS AMD LABILITIES Total All Boston 1 New districts (York ASSETS Loans and investments - t o t a l Loans - t o t a l Commercial,industrial & a g r ' l loans Loans t o brokers and dealers f o r purchasing or carrying: U. S. Government o b l i g a t i o n s Other s e c u r i t i e s Other loans f o r 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 n o t e s U, S. bonds f Other s e c u r i t i e s Reserve w i t h Federal Reserve Banks Cash-in vault Balances w i t h domestic banks Other a s s e t s „ L I A B I L I T IBS Demand d e p o s i t s adjusted Time d e p o s i t s except Govt. U. S. Government d e p o s i t s Interbank demand deposits*Domestic banks Foreign banks Borrowings Other l i a b i l i t i e s CAPITAL ACCOUNTS 63,085 23,615 H*,2l*5 2,805 1,078 717 1*82 8 8 1*69 282 1*82 3,788 222 3,615 2,12a k, 8l*l 2,113 25,872 1,220 13,381: 775 2,1*67 1,159 1*7,259 11*, 862 1,082 9,11*8 1,330 127 1,11*6 5,916 Debits t o demand deposit accounts, except interbank and U*S. Govt* accounts 22,90!* ,* F e d e r a 1 Re s e r v e D i s t r ic 1 P h i l a - Cleve— RichMinne- Kansas Dallas San Chicago S t . 1delphia land mond JAtlanta Louis a p o l i s C i t y Francisco ( I n millions of d o l l a r s ) 21,066 2,5U* 1 , 3 1 9 2 , 5 5 3 2,297 8,598 2,021 1,151 2,372 2,209 11,180 812 7,981* 2,671* 873 1,1*79 8I9 887 811 1,009 1*19 1,770 5,1*69 891 1,816 381 1*97 506 1*97 255 ' 2,013 5H* 689 1*28 356 1 16 11* 15 51* 7 8 79 H* 251 82 163 71 1,053 62 13 251 1 w - — — 26 33 2 — — 5 3 1* 6 11 26 70 17 13 11*7 1 6 5 55 9 12 121* 20 1*2 81* 22 31* 2,012 6 6 23 36 73 272 77 21*3 115 2,058 31*7 22 21* 189 6 191 88 211* 72 1,235 125 5,383 161 136 1*79 1*85 1*3 126 52 776 82 161* 62 1*87 61* 163 57 2 1*8 320 17,197 2,399 307 3,01*5 1,171 1*7 661* 2,395 1,982 1*1*1* 1*9 385 13 18 3,000 1,330 83 1*73 5 1,781* 51*5 38 1*52 9 27 302 1*1 1*71 2,065 592 58 368 5 1 18 217 21* 183 683 922 10,187 773 1,217 817 657 3,161 H* 16 122 5 188 117 231* 126 1,126 121* 526 60 113 77 2,356 1*90 53 291 21 209 329 , - 189 950 998 1,162 625 9,022 1,275 232 «— *» * r « 6 171 1*2 262 129 865 187 1*35 1*0 215 1*8 - 323 w •» mm 380 196 292 611* 1*15 3,985 618 1*5 153 86 705 11*5 1,888 99 361 77 6,085 2,1*60 201 1,1*67 25 1*2 60 r« 3 168 675 36 9k 761 113 178 1,210 500 3,790 732 1*92 30 321* 27 1*93 31 338 1*6 1,821 123 313 195 1,815 383 52 787 1,919 393 38 553 1* 6,927 61* 1*62 81 11*8 H*5 289 116 810 201 388 29 111* 25 210 13 100 11* 1,318 1*73 37 551 2 7 811 21*9 22 293 2 95 21* 101 — mm 196 173 12 99 3 16 189 17 193 616 1*31 852 695 mm 16 1 — . , 5,id* 11*1* 1*83 73 7 203 #1 2,576 >•
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