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H.4.2 BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM (For Immediate Release) June 3, 1959 CONDITION OF WEEKLY REPORTING MEMBER BANKS IN LEADING CITIES The condition statement of weekly r e p o r t i n g member banks in leading c i t i e s shows t h e following p r i n c i p a l changes f o r t h e week ended May 27: Decreases of $254 m i l l i o n i n holdings of U. S. Government s e c u r i t i e s and $609 m i l l i o n in U. S. Government d e p o s i t s , and an increase of $488 m i l l i o n in demand deposits a d j u s t e d . Commercial and i n d u s t r i a l loans decreased $16 m i l l i o n a t a l l r e p o r t i n g member banks; t h e p r i n c i p a l changes were decreases of $13 m i l l i o n in t h e S t . Louis D i s t r i c t and $11 m i l l i o n in Chicago, and i n c r e a s e s of $15 m i l l i o n in the Cleveland D i s t r i c t and $10 m i l l i o n in t h e San Francisco D i s t r i c t . Changes according t o i n d u s t r y appear i n another p r e s s r e l e a s e . Loans t o brokers and d e a l e r s f o r p u r chasing or carrying U. S. Government and other s e c u r i t i e s decreased $125 m i l l i o n . "Other" loans increased $76 m i l l i o n . Holdings of U. S. Government s e c u r i t i e s decreased in a l l c a t e g o r i e s : Treasury b i l l s by $171 m i l l i o n , Treasury c e r t i f i c a t e s of indebtedness $18 m i l l i o n , Treasury notes $55 m i l l i o n , and U. S. Government bonds by $10 m i l l i o n . Holdings of "other" s e c u r i t i e s increased $43 m i l l i o n . Demand d e p o s i t s a d j u s t e d increased $227 m i l l i o n in New York City, $159 m i l l i o n in Chicago, and $70 m i l l i o n in t h e Cleveland D i s t r i c t . Time d e p o s i t s increased $22 m i l l i o n . Demand d e p o s i t s c r e d i t e d t o domestic banks decreased $413 m i l l i o n . Borrowings of weekly r e p o r t i n g member banks from Federal Reserve Banks increased $142 m i l l i o n and borrowings from o t h e r s increased $148 m i l l i o n . Loans t o banks decreased $50 m i l l i o n . A summary of 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 follows: Increase or decrease since May 27, May 20, May 287 ASSETS Loans and investments a d j u s t e d 1 / Loans a d j u s t e d 1 / "* Commercial and i n d u s t r i a l loans A g r i c u l t u r a l loans Loans t o b r o k e r s and d e a l e r s 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 (In mi]. l i o n s of d o l l a r s ) 94, 604 56,460 31,045 619 2,038 + 252 41 16 6 +2,504 +4,392 +1,804 + 142 - 125 - - 166 + + + 2 19 76 + 96 +1,264 +1,337 - 254 171 18 55 10 43 -2,375 + 332 + 989 - 6l4 -3,082 + 487 50 182 53 146 + 246 - 289 3 - 409 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 n o t e s U. S. bonds Other s e c u r i t i e s 1,384 10,085 12,532 28,718 2,296 2,287 6,653 17,482 9,426 Loans t o banks Reserves with Federal Reserve Banks Cash in v a u l t Balances with domestic banks 1,769 12,588 1,046 2,360 L I A B I L I T I E S Demand d e p o s i t s a d j u s t e d Time d e p o s i t s except U. S. Government U. S. Government d e p o s i t s Interbank demand d e p o s i t s : Domestic banks Foreign banks Borrowings: From Federal Reserve Banks From others 1/ Exclusive of loans t o banks and a f t e r de loan items are shown g r o s s . + 488 +1,276 56,710 + 22 + 758 28,523 609 - 307 3,390 — 413 - 868 9,883 + 37 1,507 3 + 142 + 300 354 + 148 + 607 1,444 v a l u a t i o n r e s e r v e s ; individui - + - + + - ASSETS AMD LIABILITIES OF TJEEKLY Total All Mew D i s t r i c t s Boston York ASSETS Loans and investments adjusted l / 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 securities 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 Loans t o banks Reserves with Federal Reserve Banks Cash in vault Balances with domestic banks Other assets - net L I A B I L I T I E S Demand deposits adjusted Time deposits except U. S. Government U. S. Government deposits Interbank demand deposits: Domestic banks Foreign banks Borrowings: From Federal Reserve Banks From others Other l i a b i l i t i e s 9^,604 56,460 31,045 619 4,031 28,185 2,597 17,486 1,515 11,466 13 9 - — — , ---- -11 9 F e d e r a 1 R e s e r v e Di s t r Phila- Cleve- RichSt. delphia land mond Atlanta Chicago Louis (In millions of dollars) 6,495 3,513 3,733 3,806 12,288 2,814 2,089 2,167 3,706 6,450 1,648 2,325 1,243 806 1,805 972 1,124 3,873 1 10 22 13 3 7 2,038 24 1,503 33 106 23 30 174 33 1,384 10,085 12,532 28,718 2,296 2,287 6,653 17,482 9,426 1,769 12,588 1,046 2,360 2,866 18 4oi 691 1,019 12 98 299 610 415 46 536 58 74 131 467 1,396 3,091 7,664 1,112 459 1,987 4,106 3,035 1,147 4,153 234 171 1,247 58 245 821 879 47 126 223 483 309 14 488 53 70 107 190 843 830 2,148 305 131 578 1,134 64l 18 897 119 149 110 48 411 667 1,334 57 80 278 919 310 42 506 79 148 99 66 227 749 1,309 103 190 246 770 330 23 484 57 277 86 213 937 1,409 4,523 322 329 1,045 2,827 1,315 132 1,729 121 275 208 23 280 520 912 45 72 261 534 254 56,710 28,523 3,390 2,950 17,709 2,351 672 6,517 667 167 153 1,177 4,028 1,979 267 2,563 878 150 2,448 950 105 4o4 24 477 11 438 8 673 13 i c t Minne- Kansas San apolis City Dallas Francisco 1,604 3,654 4,522 982 2,108 2,802 498 1,093 1,701 20 174 36 16 19,959 12,100 4,949 311 17 74 37 363 37 152 43 184 10 41 224 198 315 267 689 503 462 1,194 1,375 88 91 9 145 98 23 265 130 259 300 924 699 160 352 345 21 17 9 201 469 580 44 16 51 66 300 473 88 42 165 66 4,608 2,295 5,899 105 536 1,082 4,176 1,960 263 2,182 177 205 540 7,300 1,659 660 3,632 562 94 914 2,363 2,789 380 743 1,284 116 62 138 9,636 10,l6l 399 5 622 4 291 4 790 2 899 18 481 142 18 50 13 29 39 39 88 42 20 127 134 76 66 100 232 70 51 79 CAPITAL ACCOUNTS 427 781 10,359 323 497 3,619 377 393 1,259 l / Exclusive of loans t o banks and a f t e r deduction of valuation reservesj individual loan items are shown gross 37 34 39 63 39 51 24 186 726 177 409 17 62 75 526 9,883 1,507 354 1,444 3,063 355 33 2,899 1,197 11 72 133 14 564 1,441 1,554 51 1,571
@FedFRASER