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H.4.2 BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM (For Immediate Release) March 10, 1954 CONDITION OF WEEKLY REPORTING MEMBER BANKS IN LEADING CITIES The condition statement of weekly reporting member banks in leading cities shows the following principal changes for the week ended March 3$ An increase of $225 million in loans to brokers and dealers for purchasing or carrying securities, decreases of $184 million in holdings of United States Government securities and $373 million in United States Government deposits, and an increase of $287 million in demand deposits credited to domestic banks. Commercial, industrial, and agricultural loans decreased $39 million at all reporting member banksj the principal changes were decreases of $36 million in New York City, $21 million in the San Francisco District, and $11 million in the Cleveland District, and an increase of $15 million in Chicago. Changes according to industry appear in another press release. Real estate loans decreased $23 million. Loans to banks decreased $182 million. "Other" loans decreased $28 million. Holdings of Treasury bills decreased in all but two districts and a total of $132 million. Holdings of Treasury notes decreased $73 million. Holdings of United States Government bonds and of "other" securities increased $15 million and $30 million, respectively. Demand deposits adjusted decreased in seven districts and increased in the others, resulting in a net decrease of $125 million at all reporting member banksj the principal changes were decreases of $227 million in the San Francisco District and $48 million in the New York District outside of New York City, and increases of $148 million in New York City and $110 million in the Chicago District, Time deposits increased $127 million, largely in New Yoric City and in the San Francisco District. A summary of assets and liabilities of reporting member banks follows: Increase or decrease since Mar. 4, Feb. 24, 1954 1954 1953 (In millions of dollars) Mar. A S S E T S Loans and investments - total Loans - net Loans - gross Commercial, industrial, and agricultural loans Loans to brokers and dealers for purchasing or carrying securities Other loans for purchasing or carrying securities Real estate loans Loans to banks Other loans 79,53k 39,401 10,036 22,407 -210 - 56 - 55 - 39 +2 ,000 + 631 + 656 515 1,907 811 6,478 679 7,751 +225 - 8 - 23 -182 - 28 + + + + + U. S. Government securities - total Treasury bills Treasury certificates of indebtedness Treasury notes U. S. bonds Other securities 32,292 2,08b 4,097 L,798 21,313 7,81*1 -184 -132 + 6 - 73 + 15 + 30 +1 ,016 926 +1 ,863 -1,136 +1 ,215 + 353 Reserves with Federal Reserve Banks Cash in vault Balances with domestic banks 14,263 900 2,477 +167 - - 90 - 70 53,913 19,894 2,610 10,517 1,303 796 -125 +127 -373 +287 - 15 - 99 - + 425 15 322 110 299 448 4 126 L I A B I L I T I E S Demand deposits adjusted Time deposits except Government U. S. Government deposits Interbank demand deposits: Domestic banks Foreign banks Borrowings + 37 +1 ,816 344 + 296 + 10 344 ASSETS AMD LIABILI Total All Boston Districts New York 1954 F e d e r a 1 R e s e r v e D i s t r iL e t St. Minne- Kansas Phila- Cleve- RichSan Dallas Atlanta Chicago delphia land mond Francisco Louis apolis City (In millions of dollars) A S S E T S 1,367 3,152 3,326 345 830 1,280 14,665 7,752 3,193 12 55 20 195 75 131 3*028 290 396 29 1,517 532 1,48? 1,234 5,346 56 218 101 201 275 778 326 148 784 203 765 908 3,573 1,56? 240 14 71 556 45 419 2,076 18 556 36 342 43 1,635 517 97 891 268 50 2,263 531 103 2,455 653 95 7,938 719 2 13 42 236 336 4 908 839 8 34 18 59 327 530 119 Loans and investments - total Loans - net# Commercial, industrial, and agr'l loans Loans to brokers and dealers for purchasing or carrying securities Other loans for purchasing or carrying securities Real estate loans Loans to banks Other loans 79,534 39,401 22,407 3,554 1,829 1,059 24,766 13,298 8,527 3,101 1,668 889 5,637 2,455 1,328 3,173 1,385 634 2,999 1,287 774 11,196 4,437 2,813 2,598 1,370 735 1,907 22 1,438 46 81 19 14 201 11 811 6,478 679 7,754 24 311 30 419 322 850 442 1,947 25 164 28 552 60 500 25 512 67 261 10 411 34 83 7 396 114 564 52 778 23 255 24 340 13 136 9 196 U. S. Government securities - total Treasury bills Treasury certificates of indebtedness Treasury notes U. S. bonds Other securities 32,292 2,084 4,097 4,798 21,313 7,841 1,414 99 181 110 1,024 311 8,837 734 880 886 6,337 2,631 1,088 62 142 80 804 345 2,632 75 350 46l 1,746 550 1,560 152 215 225 968 228 1,447 102 268 259 818 265 5,673 364 623 1,128 3,558 1,086 1,042 66 198 190 588 186 Reserves with Federal Reserve Banks Cash in vault Balances with domestic banks Other assets - net 14,263 900 2,477 1,652 531 64 105 86 5,146 208 147 635 524 48 97 66 957 91 164 88 532 72 166 65 525 44 254 63 2,165 114 306 125 455 34 137 37 53,913 19,894 2,610 2,810 569 120 17,810 4,064 816 2,395 459 127 3,833 1,668 171 2,376 660 136 2,173 582 81 7,334 3,112 489 10,517 1,303 796 2,126 7,667 315 30 6 86 404 3,029 1,051 259 1,042 2,831 406 16 21 48 364 554 8 42 83 578 442 8 50 48 288 686 10 47 48 258 1,753 43 112 146 917 692 1,339 1,889 13 128 335 143 11 216 12 110 34 100 130 269 316 L I A B I L I T I E S Demand deposits adjusted Time deposits except Government U. S. Government deposits Interbank demand deposits: Domestic banks Foreign banks Borrowings Other liabilities CAPITAL ACCOUNTS # Individual loan items are reported gross, i.e., before deduction of valuation reserves. 8 31 122 2 280 10 6,811 325 212 459 1,062
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