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H.k.2 BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM (For Immediate Release) March 10, 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 f o l l o w i n g p r i n c i p a l changes f o r the week ended March 3 : An increase of $857,000,000 i n holdings of Treasury c e r t i f i c a t e s of indebtedness and a decrease of $1, lit5,000,000 i n holdings of United S t a t e s Government bonds, p a r t i a l l y ref l e c t i n g the exchange f o r a new c e r t i f i c a t e i s s u e of bonds c a l l e d f o r redemption. Commercial, i n d u s t r i a l , and a g r i c u l t u r a l loans decreased $1*1*, 000,000 in New York C i t y and $51,000,000 a t a l l reporting member banks. Loans f o r purchasing or carrying United S t a t e s Government and other s e c u r i t i e s decreased $112,000,000, l a r g e l y i n New York C i t y . 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 S t a t e s Government bonds occurred i n most d i s t r i c t s . Holdings pf Treasury b i l l s decreased $11!*,000,000 i n New York C i t y and $108,000,000 at a l l reporting member banks. Holdings of Treasury notes decreased $1*0,000,000. Holdings of "other s e c u r i t i e s " increased $UU,000,000, Demand d e p o s i t s adjusted decreased $92,000,000 in the San Francisco D i s t r i c t , $58,000,000 in the City of Chicago, $1*3,000,000 in the S t . Louis D i s t r i c t , and $263,000,000 a t a l l reporting member banks, and increased $57,000,000 i n the Cleveland D i s t r i c t . Time d e p o s i t s increased $3U,000,000 and United S t a t e s Government d e p o s i t s increased $81,000,000. Demand deposits credited t o domestic banks i n creased i n n e a r l y a l l d i s t r i c t s . a n d the t o t a l increase a t a l l reporting member banks was $202,000,000, Borrowings decreased $25,000,000 in the Chicago D i s t r i c t , $13,000,000 in the Atlanta D i s t r i c t , and $38,000,000 a t 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 ASSETS Increase or decrease since March Mar, 5, Feb, 3, 19k7 19U8 19U8 ( I n m i l l i o n s of d o l l a r s ) 63.U9U 23,139 lU,5ltO -563 -171 - 51 - 193 +3,912 +2,630 1*76 355 - 56 - 1*7 + - - - 307 19 + 912 + 82 + 662 +1,029 -1,31*6 - 935 -3,062 Reserve with Federal Reserve Banks Cash i n v a u l t Balances with domestic banks 12,957 721 2,301 +661 - 9k + 11* S + 1* - 20 + 8 -108 +857 - Uo -1,11*5 + 1*1* +1,517 + 19 33 IBS Demand d e p o s i t s adjusted Time d e p o s i t s except Govt. U. S, Government d e p o s i t s Interbank demand deposits» Domestic banks Foreign banks Borrowings 17,296 lit, 762 1.083 9,026 1,361 220 Debits t o demand d e p o s i t accounts, except interbank and U. S. Govt, accounts, during week 22,869 9 29 77 CVJ L I A B I L I T 285 1*79 3,569 233 3,502 2,01*8 3,972 2,559 27,266 I*,210 + 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 a g r i c u l t u r a l loans Loans t o brokers and dealers f o r purchasing or carrying# 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 loans f o r purchasing or carrying1 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 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 -263 + 3h + 81 +202 - 7 - 38 +2,291* + l*7U -1,279 - 555 + 25 + 52 H.l|.2(a) AsawrR Aim LIABILITIES OF WEEKLY REPORTING MEMBER BANKS IN LEADING'CITIES, MARCH 3, 194& y- e d e r a 1 TTe ' Total R e s e rr v• ee P i s *T -r * t o t ,™, . .Minne-lKansasl: ' l o I San IPhila- Cleve- ftRich- , New DallftS All |Francisco Boston I York | d e l p h i a | land mond j A t l a n t a ] C h i c a g o ] L o u i s | a p o l i s | C i t y | districts 21,461 2 , 4 9 0 883 7,796 522 5,508 4,340 1,493 898 2 15 21 11 63*494 23,439 14,540 2,825 1,117 757 476 355 8 11 412 252 285 479 3,5^ 233 3» 502 2,048 3#972 2,559 27,266 4,210 12,957 721 2,301 1,130 14 16 119 11 181 83 156 121 1,246 102 523 54 111 82 54 205 285 159 921 1,032 1,093 587 9,585 1,368 5,054 157 123 413 47,296 14,762 1,083 9,026 1,361 220 984 5,871 2,366 497 47 282 24 10 53 316 17,441 2,090 2,291 396 44 324 2,922 335 12 1,206 4 78 25 543 302 2,403 Debits t o demand d e p o s i t a c c o u n t s , except interbank and U,S.Govt. accounts 22,869 885 Loans and inve stmentis "t t o t a l Loans total Commercial,industrial, & agr*1 loans Loans t o brokers and d e a l e r s f o r purchasing or carrying* 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 loans f o r purchasing or carrying* 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 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 Reserve with Federal Reserve Banks Cash in vault Balances with domestic banks Other a s s e t s - net L I A B I L I T I E S Demand deposits adjusted Time d e p o s i t s except Govt, U* S. Government d e p o s i t s Interbank demand d e p o s i t s t Domestic banks Foreign banks Borrowings Other l i a b i l i t i e s CAPITAL ACCOUNTS 10,141 2,559 2,324 808 830 518 397 5 8,695 2,679 1,853 2,076 25 28 2 5 2 3 8 30 73 314 16 14 145 9 4 53 11 11 116 17 4o 79 356 420 443 446 4,100 607 1,786 92 185 138 86 266 160 825 197 508 26 297 29 162 25 95 22 69 55 522 78 210 11 85 17 955 586 424 261 25 35 71 5 169 19 212 145 934 184 451 39 3,057 2,038 600 1,327 63 85 374 463 5 5 6 18 18 38 212 463 1,747 550 34 504 9 4 24 180 6,113 2,46o 1,305 473 180 35 635 1,456 29 3 13 60 15 64 171 671 807 252 24 294 2 5 12 97 771 722 3.030 362 863 1,253 186 52 368 92 47 105 87 2? 407 26 116 649 2,194 1,018 712 ... 23 57 5 22 8 15 176 238 74 2 14 37 216 183 243 70 53 41 161 217 92 158 98 70 1,144 2 , 0 7 9 1,316 123 260 323 483 809 491 78 38 59 158 158 131 71 57 58 2 2,348 814 535 5 162 94 801 114 481 32 261 44 11,012 4,622 1,993 6 8 24 36 1,899 J 653 170 996 538 3,979 707 1,754 109 307 190 1,784 1,836 387 388 38 57 539 774 1 4 3 5 14 13 191 186 6,712 5,141 152 448 61 611 2,795 787 679
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