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BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM (Fer Immediate Release) H*U,2 March 11, 1953 CONDITION OF WEEKLY REPORTING MEMBER BANKS IN LEADING CITIES The condition statement of weekly reporting member banks in leading cities Decreases of shows the following principal changes for the week ended March hi H U 5 million in holdings of Treasury bills and $$63 million in United States Government deposits, and an increase of $207 million in demand deposits credited to domestic banks» Commercial, industrial, and agricultural loans increased #21 million in New York City, $15 million in the Cleveland District, and $12 million in the Philadelphia District, and decreased $15 million in the Dallas District; the net increase at all reporting member banks was $32 million. Changes according to industry appear in another press release, "Other loans" increased $Wi million. Holdings of Treasury bills decreased $71 million in New York City, $Wi million in the San Francisco District, and $27 million in the Richmond District, and they increased $22 million in the Chicago District, Holdings of "other securities" increased $35 million. Demand deposits adjusted increased $70 million at all reporting member banks; the principal changes were increases of $208 million in New York City, $6l million in Chicago, $U6 million in the Philadelphia District, and $U5 million in the Boston District, and decreases of $89 million in the San Francisco District, $51 million in the Dallas District, and $1*3 million in the Kansas City District. Time deposits increased $83 million, largely in New York City and in the San Francisco District. Borrowings decreased $170 million in New York City and $120 million in total. A summary of assets and liabilities of reporting member banks follows: Increzise or decrease since Feb, 25, March 5, 1953 1953 * 1 1952 (In millions of dollars) -171 +3,151 76,57U +3,599 38,31*5 - 31 - 30 +3,655 38,917 + 32 22,729 +1,57U March ), 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: U. S. Government obligations Other securities Other loans for purchasing or carrying: U. S. Government obligations Other securities Real estate loans I/>ans to banks Other loans 255 1,221 - 32 + 56 + + 13U 655 6,066 567 7,320 + 2 — 1 + 9 -lUo + u 32 + + 98 + U2U - 203 +1,336 U, S. Government securities - total Treasury bills Treasury certificates of indebtedness Treasury notes U. S. bonds Other securities 30,819 2,952 2,18U 5,878 19,835 7,380 -175 -lti5 - 38 + 2 + 6 + 35 - 869 - 8l5 -1,508 76 +1,530 + 1*21 Reserves 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 Government U. S. Government deposits Interbank demand deposits: Domestic banks Foreign banks Borrowings Debits to demand deposit accounts, except interbank and U. S. Government accounts, during week * February 25 figures revised. 1U,5U3 88k 2,313 - 9 - 87 - 5U + + 53,157 17,80k 2,901 10,176 1,273 1,131 32,329 u - 71 323 36 52 2k + 70 + 532 + 83 +1,305 + 78U -563 +207 + 59 + 10 + kk + 106 -120 (Revised figure previous week 25,730) As announced on January 7, this series will be revised beginning with next week. For purposes of comparability, the figures for March U, which are shown above on the old basis, will be made available next week on the new basis together with the changes resulting from the revision; however, year-ago figures will not be revised. The revisions result largely from the addition of a few banks. ASSETS AND LIABILITIES OF WEEKLY REPORTING MEMBER BANKS IN LEADING CITIES. March 4, 1953 F e d e r a ] L R e ts e r v e ; D i s t r i c t Total San Phila- Cleve- Rich- Atlanta Chicago St. Minne- Kansas Dallas New All Boston City apolis Francisco Louis mond land delphia York Districts (In millions of dollars; A S S E T S 2,940 10,874 2,616 1,358 3,161 3,087 14,073 3,000 5,510 3,143 Loans and investments - total 76,57k 3,373 23,439 4,216 1,354 7,517 634 1,331 1/755 1.234 2,459 1,351 13,194 1,736 1*564 Loans - net# 38,345 1,178 3,152 322 838 2,740 725 888 613 717 1,456 Commercial, industrial, and agr'l loans 22,729 9,005 1,095 Loans to brokers and dealers for purchasing or carrying: we* 8 — 2 •— U. S. Government obligations 16 78 2 142 3 4 255 11 10 102 34 14 3 Other securities 7 11 1,221 36 540 39 14 Other loans for purchasing or carrying: 6 1 11 U. S. Government obligations 2 25 5 12 5 13 5 134 45 4 18 23 8 63 26 13 21 78 Other securities 24 79 243 59 655 2,824 260 128 130 183 261 524 148 6,066 Real estate loans 285 97 447 779 1 48 15 17 30 30 10 26 14 Loans to banks 9 358 567 9 180 1,519 371 720 275 325 Other loans 377 487 379 7,320 336 1,898 453 5,081 571 1,508 1,159 1,070 U. S. Government securities - total 1,457 2,546 1,571 5,595 1,079 1,366 7,846 30,849 110 256 182 I46 210 185 317 6I46 282 562 67 Treasury bills 89 2,952 126 293 206 50 187 143 Treasury certificates of indebtedness 358 215 2,181* 105 305 133 63 1,015 122 322 214 1,286 286 194 161 1,216 352 140 570 Treasury notes 5,878 682 692 3,517 800 3,305 353 942 574 1 , 0 1 1 5,853 1,389 U. S. bonds 717 19,835 322 1,475 173 221 1,063 183 153 249 366 505 Other securities 271 2,399 7,380 1,981 591 571 235 2,237 467 566 Reserves with Federal Reserve Banks 532 562 948 570 5.283 lit, 543 129 36 113 13 45 46 62 34 89 46 Cash in vault 884 74 195 284 249 132 236 326 76 377 130 170 107 Balances with domestic banks 136 90 2,313 288 115 99 19 47 63 58 34 Other assets - net 103 1,568 592 91 59 L I A B I L I T I E S 2*181 Demand deposits adjusted 7,735 879 2,241 2,397 3,802 2,406 7,234 1,620 2,710 17*600 2,352 53,157 502 6,374 2,528 628 259 484 Time deposits except Govt. 561 497 429 1,494 17,804 559 3,089 101 62 367 119 U. S. Government deposits 225 167 564 126 850 91 99 133 2,904 888 813 496 1,622 Interbank demand deposits: Domestic banks 10,176 702 666 315 400 286 3,008 535 m 10 Foreign banks 2 114 8 41 5 3 13 7 9 31 1 , 0 3 0 1,273 loo 70 149 19 29b Borrowings 27 22 39 225 91 42 1,131 55 60 28 478 36 129 Other liabilities 2,202 35 48 45 84 1 , 1 4 0 74 45 1,007 116 297 CAPITAL ACCOUNTS 225 268 259 853 239 380 2>705 539 34? 7,235 Debits to demand deposit accounts, except interbank and U. S. Govt, accounts 1 , 8 6 6 1*051 32,329 1,249 1,145 13,634 # Individual loan items are reported gross, i.e., before deduction of valuation reserves. 1,038 4,479 887 477 1,116 1,052 4,335
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