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BOARD OF GOVERNORS OF THE FEDER/L RESERVE SYSTEM (For Immediate Release) June 6, 1956 CONDITION OF WEEKLY 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 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 May 30: Decreases of $3t*3 m i l l i o n i n l o a n s a d j u s t e d , $131 m i l l i o n i n United S t a t e s Government d e p o s i t s , and $209 m i l l i o n i n borrowings from F e d e r a l Reserve Banks. H.l*,2 Commercial and i n d u s t r i a l l o a n s d e c r e a s e d i n a l l d i s t r i c t s and a t o t a l of $308 m i l l i o n a t a l l r e p o r t i n g member b a n k s j t h e p r i n c i p a l d e c r e a s e s were $10i* m i l l i o n i n New York C i t y , $1*0 m i l l i o n i n t h e Chicago D i s t r i c t , $35 m i l l i o n i n t h e Cleveland D i s t r i c t , $29 m i l l i o n i n t h e Boston D i s t r i c t , and $25 m i l l i o n i n t h e P h i l a d e l p h i a D i s t r i c t . Changes a c c o r d i n g t o i n d u s t r y appear i n a n o t h e r p r e s s r e l e a s e . 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 o r c a r r y i n g United S t a t e s Government and o t h e r s e c u r i t i e s d e c r e a s e d $57 m i l l i o n . Holdings of T r e a s u r y b i l l s i n c r e a s e d $1*5 m i l l i o n . Holdings of T r e a s u r y n o t e s i n c r e a s e d $121 m i l l i o n i n t h e Cleveland D i s t r i c t , b u t t h e y d e c r e a s e d i n n i n e 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 $8? m i l l i o n a t a l l r e p o r t i n g member b a n k s . Holdings of U n i t e d S t a t e s Government bonds d e c r e a s e d $109 m i l l i o n i n t h e Cleveland D i s t r i c t and a t o t a l of $131 m i l l i o n a t a l l r e p o r t i n g member b a n k s , Holdings of " o t h e r " s e c u r i t i e s d e c r e a s e d $1*1* m i l l i o n , 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 $ll*7 m i l l i o n i n t h e Chicago D i s t r i c t and $62 m i l l i o n i n t h e C l e v e l a n d D i s t r i c t , b u t t h e y d e c r e a s e d $70 m i l l i o n i n New York C i t y and S35 m i l l i o n i n t h e San F r a n c i s c o D i s t r i c t ; t h e r e was a n e t i n c r e a s e of $77 m i l l i o n a t a l l r e p o r t i n g member b a n k s , A summary of a s s e t s and l i a b i l i t i e s of r e p o r t i n g member banks f o l l o w s : Increase or May decrease since 30, , June 1, May 23, 1956 • 1956 1955 ( I n m i l l i o n s of d o l l a r s ) A S S E T S Loans and i n v e s t m e n t s a d j u s t e d 1 / Loans a d j u s t e d l / ™~ Commercial ari3 i n d u s t r i a l l o a n s Agricultural loans Loans t o b r o k e r s and d e a l e r s f o r purchasing o r carrying s e c u r i t i e s Other l o a n s f o r p u r c h a s i n g o r c a r r y i n g s e c u r i t i e s Real e s t a t e l o a n s Other l o a n s 8l*,72l* 1*9,900 27,307 1*77 .• -391 -3^3 -308) - 1) 2,1x3$ 1,277 8,503 10,756 - 57 - 3 + 9 + 13 U. S . Government s e c u r i t i e s - t o t a l 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 Other s e c u r i t i e s 26,873 679 51*1* 6,182 19,1*68 7,951 - 1* + 1*5 - 5 + 87* -131* - Lit + 560 +7,1460 2/+5,118 + 2/* 307 122 781 2/ +1,81*6 -6,153 - 1*02 - 605 -3,124 -2,022 - 71*7 Loans t o banks 1,330 +• 23 + 216 Reserves w i t h F e d e r a l Reserve Banks 13,133 - 61* - 1*31* Cash i n v a u l t 980 + lit + 61* Balances w i t h domestic banks 2,350 - 9 - 118 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 55,521 + 77 - 1*90 Time d e p o s i t s e x c e p t U. S« Government 21,68b - 3 + 157 U. S . Government d e p o s i t s 3,81*3 -131 + 1*81* I n t e r b a n k demand d e p o s i t s : Domestic banks 9,1*61* - 97 - 630 Foreign banks 1,1*98 - 21* 7 Borrowings: From F e d e r a l Reserve Banks 381 -209 7 From o t h e r s 9^9 - 33 + 166 1 / E x c l u s i v e of l o a n s t o banks and a f t e r d e d u c t i o n of v a l u a t i o n r e s e r v e s ; i n d i v i d u a l l o a n i t e m s a r e 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 i n c r e a s e d commercial and i n d u s t r i a l l o a n s $318 m i l l i o n and d e c r e a s e d r e a l e s t a t e l o a n s and " o t h e r " l o a n s $29l* and $25 m i l lions, respectively. * May 23 f i g u r e s r e v i s e d ( C l e v e l a n d D i s t r i c t ) . HA.2(a) ASSETS AMD LIABILITIES OF WEEKLY REPORTING MEMBER BANKS IN LEADING CITIES, MAY 30, 1956 Total F R e s e r v e " e d e r a 1" D i s t r i c t All New P h i l a C l e v e R i c h San Boston A t l a n t a Chicago S t . Minne- Kansas D a l l a s Districts land Louis a p o l i s C i t y Francis A S S E T S ( I n m i l l i o n s of Loans and i n v e s t m e n t s a d j u s t e d l / 84,724 3,773 25,309 3,270 6 , 0 7 3 3,352 3,286 11,638 2,700 1,458 3,329 3,778 16,758 Loans a d j u s t e d 1 / ~ 2,400 16,128 2 , 2 4 9 3,232 49,900 1,784 1 , 7 4 4 5,922 1,588 857 l , 7 6 l 2,434 9,801 Commercial and i n d u s t r i a l l o a n s 1,443 10,166 1,168 1,580 27,307 824 948 440 3,653 790 920 1,492 3,883 A g r i c u l t u r a l loans 10 477 11 1 8 1 11 21 20 16 105 244 29 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 2,435 61 30 1,773 26 127 220 28 4 35 24 24 83 Other l o a n s f o r p u r c h a s i n g o r c a r r y i n g securities 28 1,277 516 142 54 49 59 179 29 24 13 128 56 Real e s t a t e l o a n s 8,503 1,168 354 230 160 733 784 335 278 172 285 211 3,793 Other l o a n s 10,756 584 708 785 2,797 558 466 1,185 569 224 422 581 1,877 U. S . Government s e c u r i t i e s - t o t a l 26,873 1,031 6,899 2,233 1 , 3 0 1 1,231 4,507 885 444 1,216 1,106 5,287 Treasury h i l l s 4 679 4 341 28 38 38 22 83 62 22 3 34 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 544 101 30 23 12 62 57 52 29 10 32 39 97 Treasury notes 6,182 1,203 175 138 286 743 403 1,107 243 122 336 223 1,203 U. S. bonds 19,468 822 568 1,395 5,254 738 975 3,255 810 591 786 309 3,965 Other s e c u r i t i e s 288 2,282 342 7,951 608 267 311 1,209 227 157 352 238 1,670 Loans t o banks 1,330 38 61 907 13 14 27 24 13 21 2 3 207 R e s e r v e s w i t h F e d e r a l Reserve Banks 13,133 478 4,399 911 514 513 2,017 425 182 541 540 2,098 Cash i n v a u l t % 980 48 217 78 122 99 50 36 4i 46 15 162 B a l a n c e s w i t h domestic banks 2,350 90 163 90 172 281 173 253 69 135 291 396 237 Other a s s e t s - n e t 2,069 96 838 98 97 74 141 24 75 47 54 134 391 L I A B I L I T I E S 7,406 3,191 709 1,700 567 130 869 289 66 2,335 564 137 2,624 851 125 8,878 7,643 490 1,501 41 601 4 290 4 795 2 753 16 476 176 45 125 158 1,047 snown 10 29 41 33 28 31 l4l 53 16 4o 335 10 40 57 420 21 206 607 1,356 t^-03 CM O Demand d e p o s i t s a d j u s t e d 2 , 8 2 8 17,662 2,324 4,062 55,521 2,469 2 , 3 6 4 Time d e p o s i t s e x c e p t U. S . Government 21,684 624 4,331 497 1,754 641 732 U. S. Government d e p o s i t s 180 3,843 1,231 183 164 311 117 I n t e r b a n k demand d e p o s i t s : Domestic banks 9,464 304 2,838 402 400 491 613 F o r e i g n banks 1,498 18 33 1,173 11 9 11 Borrowings: From F e d e r a l Reserve Banks 381 26 2 37 34 39 71 From o t h e r s 949 82 29 318 43 23 10 Other l i a b i l i t i e s 2,482 102 48 74 1,177 93 54 CAPTTAT. ACCOUNTS 8,764 4. 4 l 3,064 649 390 336 ILl V E x c l u s i v e or loans t o Danks and a f t e r d e d u c t i o n or v a l u a t i o n r e s e r v e s ; m a i v i a u a l loan Tteras
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