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H,i*#2 BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM (For Immediate Release) June 9 , I9U8 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 for the week ended June 2* An increase of $1,000,000,000 i n holdings of Treasury c e r t i f i c a t e s of indebtedness and a decrease of $1,016,000,000 i n holdings of United States Government bonds, l a r g e l y r e f l e c t i n g the exchange of maturing bonds f o r a new c e r t i f i c a t e i s s u e . Commercial, i n d u s t r i a l , and agricultural loans decreased i n nearly a l l d i s t r i c t s , the principal decrease being $27,000,000 i n New York City; the t o t a l increase at a l l reporting member banks was $91,000,000, Substantial increases i n holdings of Treasury c e r t i f i c a t e s of indebtedness and decreases i n holdings of United States Government bonds occurred i n most d i s t r i c t s , Holdings of Treasury b i l l s increased $52,000,000 i n the Chicago D i s t r i c t outside the City of Chicago and $1*1,000,000 a t a l l reporting member banks* Holdings of Treasury notes decreased $26,000,000 i n the Cleveland D i s t r i c t and $1*1*,000,000 at a l l reporting member banks. Demand deposits adjusted decreased $11*8,000,000 i n New York City and $52,000,000 i n the Philadelphia D i s t r i c t , and increased $66,000,000.in the San Franc i s c o D i s t r i c t and $1*1,000,000 in the New York D i s t r i c t outside New York City; tie net decrease at a l l reporting meinber banks was $211,000,000, Time deposits increased $51,000,000 i n New York City, $9,000,000 in the Dallas D i s t r i c t , and $68,000,000 at a l l reporting member banks. Demand deposits credited to domestic banks increased in nearly a l l d i s t r i c t s and the t o t a l increase at a l l reporting member banks was $1*01,000,000. ^ Borrowings decreased $50,000,000 in New York City, $22,000,000 i n the City of Chicago and $91,000,000 at a l l reporting member banks, A summary of the a s s e t s and l i a b i l i t i e s of reporting member banks follows 1 —11 1 • June 2, I9b8 "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 agricultural loans Loans t o brokers and dealers for purchasing or carrying* U. S. Government obligations Other s e c u r i t i e s Other loans for 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 Increase or decrease since May 26, • Jun6 1|| I9I48 w 62,936 23,521 14,113 -13it -113 - 91 + 27 +3,236 +2,361 61*1* 1*11* - 38 + 20 - 185 162 . 279 1*93 3,755 219 3,6oL 1,986 1*,879 2,335 26,018 It, 197 - 2 + 10 + 10 - 25 + 3 + 1*1 +1,000 - 1*1* -1,016 - 2 - 21*9 + 16 + 851 18 + 622 +1,515 + 103 - 572 -1*,56L + 109 12,636 76k 2,269 +11*6 - 1*1 +137 •1,038 + 28 + W* Reserve with Federal Reserve Banks Cash in 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 Interbank demand deposits: Domestic banks Foreign banks Borrowings 19 1*6,61*6 -211 - + + 68 + 1U*3 11,827 - 21 + 898 1,329 +1*01 - 338 8,572 1 38 1,310 123 I3lt - 91 Debits t o demand deposit accounts, except interbank and U. S. Govt, account's, during week •May 26 figures revised (San Francisco D i s t r i c t ) 19,169 (Revised figure previous week 20,561) ASSETS AND LIABILITIES OF WEEKLY REPORTING MEMBER BAMS IN LEASING CITIES, JUNE 2 , 1 9 ^ i s t r i e F e d e r a l Total San St. I Llinne-1 Kansas | j C l e v e I R i c h F h i l a New All AtlantaJ Chicago Louis I a p o l i s | City Dallas Francisco Boston delphiaj land jmond I York districts ( I n m i l l i o n s of d o l l a r s ) ASSETS 11,08b 2,169 2,019 !,293 8,603 2,790 21,170 2,50it it,335 2,529 62,956 Loans and investments - t o t a l 1,002 it,736 it lit 799 889 2,665 8I9 823 858 1,455 7.967 1,09b 23,521 Loans - t o t a l 1,991 685 505 2it9 510 1,800 507 385 879 U96 716 5,390 Commercial, i n d u s t r i a l & agr*1 loans lit, 113 Loans t o brokers and d e a l e r s f o r purchasing or carrying} 3 2 27 1 1 13 586 11 Ue S. Government o b l i g a t i o n s 6bit 11 6 3 3 itO 5 6 6 16 13 297 8 Other s e c u r i t i e s it lit Other loans f o r purchasing or carrying: 22 20 10 6 18 27 23 2it 52 7 56 lit 279 U. S. Government o b l i g a t i o n s 3it 11 b3 13 5 68 26 36 23 8 210 16 it93 Other s e c u r i t i e s 2,001 83 123 56 lit? 320 188 75 2it8 78 121 315 3,755 Real e s t a t e loans 1 10 — ' — 5 5 it 175 19 219 Loans t o banks 6?it 165 lit? 95 193 167 373 188 227 2U8 938 189 3,6oit Other loans 151 16 lolt 16 it6 318 26 60 106 80 968 1,986 95 Treasury b i l l s 1,197 173 269 lit? 99 659 2it7 203 236 1,266 159 22U Treasury c e r t i f i c a t e s of indebtedness it,879 U8? 118 91 51 85 351 130 126 75 65 629 127 2,335 Treasury notes 3,786 821 77it it 68 705 88it 3,983 9,080 1,069 2,071 l,2itit 26,018 1,133 U. S. bonds 727 113 200 81 lit? 627 187 I2it 3iti 1,260 273 117 it,197 Other s e c u r i t i e s 1,790 U86 lt82 216 392 1,767 it38 U89 751 b6b 502 U,859 12,636 Reserve with Federal Reserve Banks 119 28 31 11 27 101 62 82 39 itO 167 57 7&t Cash i n v a u l t 306 289 298 111 93 3# 181 lit9 loit 153 127 96 2,269 Balances with domestic banks 211 it8 30 1? 27 50 97 71 60 57 520 81 1,26? Other a s s e t s - net L I A B I L I T I E S 6,8it5 1,318 799 1,750 1,865 6,019 2,308 16,969 1,988 2 , 9 8 9 2,ob3 1,753 U6,6U6 Demand deposits adjusted 5,10b 392 385 250 it?it 2,160 5b6 59it 2,360 bb5 1,326 it9l lit, 827 Time d e p o s i t s except Govt. 179 lt2 26 56 250 53 it8 67 108 55 387 58 1,329 U. S. Government d e p o s i t s 120 508 7it5 279 1.U20 533 b3b 3H it39 261 337 2,855 8,572 Interbank demand depositsjDomestic banks 70 it 2 1 26 3 10 6 it 13 1.1U8 23 1,310 Foreign banks —— 1 7 12 5 3 lit 3 b 8 77 13b 200 Borrowings 16 16 12 18 60 23 16 26 lo 6b7 58 1,132 Other l i a b i l i t i e s 692 195 189 172 98 683 18b 216 U72 30it 2,b00 319 5,92it CAPITAL ACCOUNTS H.U.2(a) mm mm Debits t o demand d e p o s i t accounts, except interbank and U.S.Govt, accounts 19,169 7ii2 8,827 698 1,039 600 58it * 2.5M 551 3U0 652 557 2,038
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