The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
H.4.2 BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM (For Immediate Release) June 4, 1958 CONDITION OF WEEKLY REPORTING MEMBER BANKS IN LEADING CITIES Tho condition statement of weekly reporting member banks in leading c i t i e s shows the following principal changes for the week ended May 28; Increases of $247 million i n holdings of U, S, Government securities and $742 million in demand deposits adjusted and a decrease of $349 million i n U. S, Government deposits. Commercial and industrial loans decreased in most d i s t r i c t s and a t o t a l of $141 million at a l l reporting member banks; the principal decreases were $66 million in New York City, $30 million i n Chicago, $13 million i n the St, Louis D i s t r i c t , and $12 million in the Cleveland D i s t r i c t , Changes according to industry appear in another press release. Loans to brokers and dealers for purchasing or carrying U, S, Government and other securities increased $147 million, "Other'* loans increased $28 million. Holdings of Treasury b i l l s increased $89 million, Treasury notes $86 mill i o n , and U, S, Government bonds $92 million. Demand deposits adjusted increased $447 million i n New York City, $118 mill i o n in Chicago, and $57 million in the Dallas D i s t r i c t , but they decreased $49 million in the San Francisco D i s t r i c t , Time deposits increased $130 million, of which $83 million was in New York City. Borrowings from Federal Reserve Banks increased $14 million and borrowings from others decreased $31 million. Loans to banks decreased $30 million. A summary of assets and l i a b i l i t i e s of reporting member banks follows; Increase or decrease since May 28, May 21, May 29, 1958 * 1958 1957. ( :Cn millions o: dollars ) ASSETS + 5,873 + 312 92,115 Loans and investments adjusted l / + 683 Loans adjusted Jl/ 52,073 44 141 Commercial and industrial loans 29,314 1,347 + + 60 Agricultural loans 476 3 Loans to brokers and dealers for + 147 + purchasing or carrying securities 2,214 449 Other loans for purchasing or carrying + 1,288 132 securities 14 + + 8,820 20 Real estate loans 159 + 28 11,119 25 Other loans + + 31,103 247 5,225 U.S, Government securities - t o t a l + + 89 1,976 311 Treasury b i l l s — — 20 1,298 283 Treasury c e r t i f i c a t e s of indebtedness + + 3,028 86 7,266 Treasury notes + + 2,169 20,563 92 U.S, bonds + + 21 8,939 1,331 Other securities + 30 1,531 304 Loans to banks + 12,888 480 Reserves with Federal Reserve Banks 9 + + 68 1,032 90 Cash in vault + + 2,770 87 52 8 Balances with domestic banks _ L I A B I L I T I E S + + 742 Demand deposits adjusted 264 55,413 + + Time deposits except U.S. Government 130 27,764 4,258 + 349 U.S. Government deposits 3,711 320 + Interbank demand deposits: Domestic banks 10,766 1,360 4 Foreign banks 1,472 46 64 + Borrowings t From Federal Reserve Banks 14 54 634 + From others 852 31 93 3 7 Exclusive of loans to banks and afterdeduction of valuation reserves, individual loan items are shown gross, * preliminary (San Francisco D i s t r i c t ) ASSETS AND LIABILITIES OF WEEKLY REPORTING MEMBER BANKS IN LEADING CITIES, MAY 28, 1958 F e d e r a l Re 8 e r v e D i s t r i c t Total S t . MinneP h i l a - Cleve- Rich- Atlanta Chicago All *Boston NeW apolis Louis mond land York delphia Districts' (In millions of d o l l a r s ) ASSETS 6,484 3,582 3,548 12,066 2,867 1,529 92,115 3,977 28,231 3,398 Loans and investments a d j u s t e d l / 6 , 0 6 8 1,592 881 1,904 2,121 1,909 3,450 2.428 16,803 52,073 Loans adjusted 1/ 884 44l 1,018 1,718 3,671 752 1.429 11,534 1,091 29,314 Commercial and i n d u s t r i a l loans 12 12 10 2 15 12 1 7 4?6 9 A g r i c u l t u r a l loans Loans to brokers and dealers f o r 86 128 237 78 39 37 1,354 5 2,214 34 purchasing or carrying s e c u r i t i e s Other loans f o r purchasing or carrying 28 238 52 424 127 50 9 1,288 37 13 securities 185 364 183 212 843 275 794 8,820 1,157 370 Real e s t a t e loans 24l 638 1,236 603 746 475 2,748 761 635 11,119 Other loans 486 4 , 7 8 8 1,024 1,316 1,377 930 2,4o4 1,181 8,776 31,103 U. S. Government s e c u r i t i e s - t o t a l 188 66 81 13 19 62 52 1,025 67 1,976 Treasury b i l l s 46 20 60 147 83 138 62 63 292 1,298 Treasury c e r t i f i c a t e s of indebtedness 288 1,101 119 258 297 234 765 7,266 351 1,976 Treasury notes 328 1,420 870 1,007 677 3,352 5,483 571 701 20,563 U. S. bonds 162 1,210 328 251 630 296 2,652 368 347 8,939 Other s e c u r i t i e s 102 12 44 1 12 22 22 10 998 1,531 Loans to banks 4oo 200 840 472 1,905 505 12,888 4,356 475 540 Reserves with Federal Reserve Banks 16 121 36 85 54 240 107 52 1,032 57 Cash in v a u l t 161 89 88 298 174 156 319 85 153 2,770 Balances with domestic banks 84 208 110 45 101 91 35 128 2,888 1,319 Other a s s e t s - net E.4.2(a) L I A B I L I T I E S 2,269 4,069 2,526 2,904 17,730 2,267 55,413 Demand deposits a d j u s t e d 889 912 1,963 700 6,510 663 27,764 Time deposits except U. S. Government 165 119 243 1,288 158 185 3,7U U. S. Government deposits Interbank demand d e p o s i t s : 423 446 701 495 3,190 346 10,766 Domestic banks 8 10 11 22 28 1,173 1,472 Foreign banks Borrowings: 8 1 9 2 54 From Federal Reserve Banks 44 29 13 71 46 315 852 From others 129 70 78 1,580 73 143 3,292 Other l i a b i l i t i e s 420 361 363 48o 739 3,511 9,900 CAPITAL ACCOUNTS 1/ Exclusive of loans to banks and a f t e r deduction of valuation reserves; individual loan items are San Kansas City D a l l a s |iFrancisco* 3,514 4,241 1,860 2,535 933 1,497 127 29 18,678 10,522 4,346 240 60 45 111 37 172 210 101 3,940 1,965 6,114 287 444 1,300 63 1,407 353 298 65 819 354 20 485 43 385 64 627 80 73 956 299 38 511 50 633 167 8,775 9,630 523 1,656 651 121 873 2,343 2 , 6 6 9 699 1,256 359 69 131 139 1,759 44 692 4 336 4 878 6 12 31 34 54 231 306 1,207 shown gross. 3 21 39 166 12 18 46 381 250 2,199 171 229 536 7,332 3,532 570 3 260 249 1,226 4,379 2,042 980 16 mm am 14 80 486 520 149 l 216 769 1,480
@FedFRASER