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BOARD OF GOVERNORS OF.THE FEDERAL RESERVE SYSTEM ( F o r Immediate R e l e a s e ) H.U;2 June 25, I9U6 CONDITION OF TWEEKLY REPORTING MEMBER BANKS IN LEADING CITIES The c o n d i t i o n s t a t e m e n t of weekly r e p o r t i n g member banks i n 101 l e a d i n g c i t i e s shows t h e f o l l o w i n g p r i n c i p a l changes f o r t h e week ended June I91 A d e c r e a s e of $ 7 8 8 , 0 0 0 , 0 0 0 i n h o l d i n g s o f U n i t e d S t a t e s Government bonds r e f l e c t i n g t h e redempt i o n of two m a t u r i n g i s s u e s , and a d e c r e a s e of $ 1 , 0 0 8 , 0 0 0 , 0 0 0 i n U n i t e d S t a t e s Government d e p o s i t s . Commercial, i n d u s t r i a l , and a g r i c u l t u r a l l o a n s i n c r e a s e d $ 1 3 , 0 0 0 , 0 0 0 i n t h e San F r a n c i s c o D i s t r i c t and a t a l l r e p o r t i n g member b a n k s . Loans t o b r o k e r s a n d d e a l e r s f o r p u r c h a s i n g o r c a r r y i n g U n i t e d S t a t e s Government o b l i g a t i o n s i n c r e a s e d $22,000,000 and o t h e r l o a n s f o r t h e same p u r p o s e d e c l i n e d b y t h e same amount. Holdings of U n i t e d S t a t e s Government bonds d e c l i n e d $553*000,000 i n New York C i t y , $ 6 4 , 0 0 0 , 0 0 0 i n t h e Chicago D i s t r i c t , $ 4 0 , 0 0 0 , 0 0 0 i n t h e San F r a n c i s c o D i s t r i c t , $ 2 4 , 0 0 0 , 0 0 0 i n t h e Boston D i s t r i c t , and $ 7 8 8 , 0 0 0 , 0 0 0 a t a l l r e p o r t i n g member b a n k s . Holdings of T r e a s u r y b i l l s i n c r e a s e d $387*000,000 i n New York C i t y and $ 4 4 4 , 0 0 0 , 0 0 0 a t a l l r e p o r t i n g member b a n k s . Holdings of T r e a s u r y c e r t i f i c a t e s of i n d e b t e d n e s s i n c r e a s e d $ 2 4 4 , 0 0 0 , 0 0 0 i n t h e New York D i s t r i c t , i n c l u d i n g $174,000,000 i n New York C i t y , a n d d e c l i n e d $ 7 6 , 0 0 0 , 0 0 0 i n t h e Chicago D i s t r i c t and $ 5 7 , 0 0 0 , 0 0 0 i n t h e C l e v e l a n d D i s t r i c t ; a t a l l r e p o r t i n g member banks t h e r e was a n e t i n c r e a s e of $ 3 2 , 0 0 0 , 0 0 0 , Holdings of T r e a s u r y n o t e s d e c l i n e d $ 6 4 , 0 0 0 , 0 0 0 i n t h e New York D i s t r i c t o u t s i d e 1 of New York C i t y and $ 8 0 , 0 0 0 , 0 0 0 a t a l l r e p o r t i n g member b a n k s , and i n c r e a s e d $ 5 2 , 0 0 0 , 0 0 0 i n New York C i t y , Demand d e p o s i t s a d j u s t e d i n c r e a s e d $280,000,000 i n New York C i t y , $ 4 8 , 0 0 0 , 0 0 0 i n t h e San F r a n c i s c o D i s t r i c t , $ 4 2 , 0 0 0 , 0 0 0 i n t h e Chicago D i s t r i c t , and $364,000,000 a t a l l r e p o r t i n g member b a n k s . U n i t e d S t a t e s Government d e p o s i t s d e c l i n e d i n a l l districts, A summary of t h e a s s e t s and l i a b i l i t i e s of r e p o r t i n g member banks f o l l o w s » I n c r e a s e or decrease since June 20, June 12, 19, 1945 1946 1946 ( I n m i l l i o n s of d o l l a r s ) - 500 62,505 359 June A S S E T S Loans and I n v e s t m e n t s - t o t a l Loans » t o t a l Commercial, i n d u s t r i a l , & a g r i c u l t u r a l l o a n s Loans t o b r o k e r s and d e a l e r s f o r p u r c h a s i n g or c a r r y i n g 1 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 l o a n s f o r p u r c h a s i n g or c a r r y i n g * 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 Real e s t a t e l o a n s Loans t o banks Other l o a n s Treasury b i l l s T r e a s u r y c e r t i f i c a t e s of i n d e b t e d n e s s Treasury notes U. S, bonds O b l i g a t i o n s g u a r a n t e e d by U, S. Government Other s e c u r i t i e s Reserve w i t h F e d e r a l Reserve Banks Cash i n v a u l t Balances w i t h d o m e s t i c banks L I A B I L I T I E S Demand d e p o s i t * a d j u s t e d Time d e p o s i t s U. S . Government d e p o s i t s I n t e r b a n k d e p o s i t s ; Domestic banks F o r e i g n banks Borrowings D e b i t s t o demand d e p o s i t a c c o u n t s , e x c e p t i n t e r b a n k and U.S. Govt, a c c o u n t s , d u r i n g week 11,803 7,520 1,264 728 1,588 453 1,264 92 1,894 1,268 9,740 6,569 + + 17 13 +1,257 + 22 5 - 466 174 22 - 458 - — + + + - 39,869 + + 8,698 9,390 1,287 184 17,530 13 24 15 - 26,740 7 3,378 10,208 587 2,148 10,036 5 + + 444 32 80 788 — + - 16 11 25 47 364 10 - 1 ,008 + 8 + + 23 8 +1,620 + + 65 217 + 1 + 452 - 678 - 730 -2,976 +2,391 17 + 253 + 66 + 13 - 315 +2,693 +1,539 -4,980 - 683 + 237 - 144 ASSETS AND LIABILITIES OF REPORTING MEMBER BANKS IN 101 LEADING CITIES, JUNE 19,19^6 F e d e ] a 1" R e p e r v e ] i s t ' To t a l St. New P h i l a - Cleve- RichAll A t l a n t a Chicago Louis Boston York d e l p h i a land mond district ( I n m i l l i o n s of d o l l a r s ) ASSETS Loans and Investments - t o t a l 8,971* 1,999 62,505 3 , H 7 23,809 2,51*5 5,032 2,096 2,11*5 Loans - t o t a l 1*02 1,876 580 Hi,803 830 6,153 505 590 1,11*2 Commercial, i n d u s t r i a l , & a g r ' 1 loans 21*1* l,0l*8 282 178 3,01*6 1*76 500 299 7,520 Loans t o b r o k b r e ' a a d d e a l e r s f o r p u r c h a s i n g or c a r r y i n g * 1* U.S. Government o b l i g a t i o n s 129 10 1,007 1,26b 1*5 31 5 3 11 8 Other s e c u r i t i e s 502 728 7 30 55 33 33 Other loans f o r p u r c h a s i n g or c a r r y i n g : 222 192 107 51* U»S. Government o b l i g a t i o n s 58 50 1,538 571 38 10 11 15 Other s e c u r i t i e s 225 15 17 75 1*53 9 81 181 196 Real e s t a t e loans 160 1 * 1 * 31 1,26k 58 78 — 2 2 1* 1 1 Loans t o banks 1 81 92 181 117 1% Other loans 169 561 85 95 1,894 135 10 105 Treasury b i l l s 722 23 31 1,268 35 50 97 211* T r e a s u r y c e r t i f i c a t e s of indebtedness 1,899 1*33 752 3,069 2lt6 393 9,71*0 356 202 231 96I Treasury notes 528 177 2,313 278 307 6,569 82lj. 807 3,568 U. S. bonds 10,1*27 1,11*2* 2,292 1,017 26,71*0 1,U83 2 1 O b l i g a t i o n s guaranteed by U.S.Government 1 7 11*0 161 561* Oth,er s e c u r i t i e s 81* 287 l»12l* 190 91 3,378 1,1*27 326 363 Reserve w i t h F e d e r a l Reserve Bank 767 10,208 333 1*85 1*,012 1*35 22 31 96 125 32 38 60 Cash i n v a u l t 77 587 115 122 130 88 139 116 379 Balances w i t h domestic banks 2,ll*8 197 22 69 1*1* 76 36 322 Other a s s e t s - n e t 68 69 1,391 L I A B I L I T I E S 5,1*50 1,122 2 , 2 1 6 16,092 1,852 3 , 1 3 1 1,382 1,378 Demand d e p o s i t s a d j u s t e d 39,869 361* 1*1*6 1,91*6 21*1 1,318 370 1,952 10,036 Time d e p o s i t s 1*57 1,21*8 251* 273 293 3,1*1*1* 386 637 1*8? U. S. Government d e p o s i t s 8,698 1,561* 1*78 51*7 502 366 363 3,136 I n t e r b a n k d e p o s i t s t Domestic banks 323 9*390 11 29 5 1,138 1,287 25 9 3 Foreign banks 9 21 12 1 15 35 1* 181* 3 70 Borrowings 13 100 56 26 1*6 17 .1*0 2,238 1*33 Other l i a b i l i t i e s 617 139 11*1* 129 261 2 , 1 2 5 1*90 29U CAPITAL ACCOUNTS 5,137 D e b i t s t o demand d e p o s i t a c c o u n t s , except i n t e r b a n k and U.S.Govt, accounts 17,530 709 8,817 661 9l*o 1*68 1*50 2,235 1*68 r i c 1 San Minne- Kansas a p o l i s C i t y Dallas F r a n c i s c o 1,285 2l|2 113 2,322 2,0^9 671* 1*30 21*5 395 7,132 1,379 69I* 1 3 2 1* 1 7 26 35 30 5 32 38 9 1*9 111 29 1*3 117 33 311 — - - — 58 9 157 11*7 670 83 60 1*75 329 863 88 35 1*09 219 61*1* 60 195 11 80 16 165 1*1*0 22 265 22 68 39l* 21* 223 35 738 223 200 313 2 12 10 89 1,506 308 289 795 1,1*1*9 307 261 51*8 3 31*1 536 — 10 10 153 - - 163 91 1,337 877 3,001 3 1*1*1* 1,031 1*9 291* 612 11 11*6 3,553 2,101* 926 1*55 53 1 1,1*76 550 1*68 1,1*37 -—