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BOARD OF GOVERNORS OF THE FEOBAL RESERVE SYSTEM H.4.2 (For Immediate Release) March 12, 1958 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 5$ An increase of $851 million in holdings of U. S, Government securities; decreases of $207 million in reserve balances with Federal Reserve Banks and $440 million in demand deposits adjusted; and increases of $2?0 million in time deposits and $711 million in demand deposits credited to domestic banks. Commercial and industrial loans decreased $147 million in New York City, $46 million in the San Francisco District, and a total of $210 million at all reporting member banks. Changes according to industry appear in another press release. Loans to brokers and dealers for purchasing or carrying U. S. Government and other securities increased $385 million of which $312 million was in New York City, Holdings of Treasury bills increased $411 million. Holdings of U, S, Government bonds increased in all districts and a total of $388 million, largely reflecting the purchase of a new issue. Holdings of "other1* securities increased $97 million in New York City, $32 million in Chicago, and a total of $211 million at all reporting member banks. Demand deposits adjusted decreased $119 million in the Chicago District, $64 million in the Dallas District, $57 million in the Richmond District, and $55 million in the Atlanta District, Time deposits increased $101 million in New York City. U, S, Government deposits increased $105 million. Borrowings from Federal Reserve Banks decreased $23 million and borrowings from others increased $388 million. Loans to banks increased $244 million, A summary of assets and liabilities of reporting member banks follows: Increase or decrease since Feb, 26, March 6, 1958 1957 1958 (in millions of dollars) March A S S E T S Loans and investments adjusted 1/ Loans adjusted %/ Commercial and industrial loans Agricultural loans Loans to brokers and dealers for purchasing or carrying securities Other loans for purchasing or carrying securities Real estate loans Other loans 88,576 52,434 29,796 445 U. S, Government securities - total Treasury bills Treasury certificates of indebtedness Treasury notes U, S, bonds Other securities 27,707 1,963 1,149 4,869 19,726 8,435 1,687 13,262 890 2,434 Loans to banks Reserves with Federal Reserve Banks Cash in vault Balances with domestic banks 2,267 1,191 8,709 11,167 + 1,215 + 153 - - + 210 3 + 3,601 + 547 + 211 8 + 385 + 470 + 13 33 3 + 41 27 364 — + + + + + + + — 851 411 30 22 388 211 244 207 122 84 - + + 2,175 + 712 + 376 - 1 + 1,088 + 879 + 413 + + 45 60 89 - 1,288 — L I A B I L I T I E S Demand deposits adjusted Time deposits except U. S, Government U, S, Government deposits Interbank demand deposits: Domestic banks Foreign banks Borrowings: From Federal Reserve Banks From others 1/ Exclusive of loans to banks http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louisare shown cross. loan items 54,503 26,038 2,545 10,914 1,494 56 1,195 — + + + - - + 440 270 105 711 9 23 388 + 3,303 + 1,360 + 553 - - + 53 614 225 and after deduction of valuation reserves; individual ASSETS AND LIABILITIES OF WEEKLY REPORTING MEMBER BANKS IN LEADING CITIES, MARCH R e s e r v e D i F e d e r a 1 Total RichPhila- Cleve New All Atlanta Chicago Boston mond land delphia York Districts (In millions of dollars) A S S E T S 3,484 3,405 11,817 6,311 3,850 2 7 , 1 1 2 3 , 1 8 8 88,576 Loans and investments adjusted 1/ 1,882 6,154 1,892 2,088 3,523 2,429 17,227 52,434 Loans adjusted 1/ 881 3,823 994 1,807 1,462 1 1 , 8 0 5 1,091 Commercial and industrial loans 29,796 12 2 1 9 12 7 445 9 Agricultural loans Loans to brokers and dealers for 216 40 43 123 1,484 38 24 purchasing or carrying securities 2,267 Other loans for purchasing or carrying 196 124 28 43 52 415 13 1,191 securities 826 176 204 351 785 1,156 360 8,709 Real estate loans 1,249 643 605 746 620 793 2,779 11,167 Other loans 1,222 4,527 788 2,175 1,294 7,217 1,070 U. S. Government securities - total 27,707 84 323 56 78 760 64 39 1,963 Treasury bills 86 122 53 236 70 99 72 1,149 Treasury certificates of indebtedness 247 717 194 120 582 1,149 219 4,869 Treasury notes 3,365 805 l,4l6 991 5,072 559 19,726 715 U. S. bonds 1,136 301 298 613 2,668 312 8,435 351 Other securities 44 70 40 47 84o 30 92 1,687 Loans to banks s 1 , 8 8 5 458 910 505 492 4,600 508 13,262 Reserves with Federal Reserve Banks 106 48 76 46 90 208 890 57 Cash in vault 250 164 304 146 90 158 94 2,434 Balances with domestic banks 86 172 89 107 124 1,453 99 3,032 Other assets - net E.4.2(a) 5, 1958 s t r i c t San " St. Minne- Kansas Dallas Francisco Louis apolis City 2,743 1,577 802 13 1,472 865 430 16 3,362 1,829 932 115 3,955 2,500 1,492 26 17,877 10,468 4,277 223 27 8 68 23 173 24 278 460 38 284 419 1,212 80 69 272 791 321 169 195 640 81 3,909 1,980 933 64 42 185 642 233 8 185 233 458 24 23 87 324 149 25 413 31 146 44 9 212 13 68 33 57 515 36 339 62 1,181 72 65 196 848 274 84 560 44 468 194 5,630 319 212 901 4,198 1,779 349 2,204 135 207 569 1,587 6l4 863 347 2,306 656 91 2,573 1,067 107 8,802 9,208 344 3 883 2 945 17 527 140 1 11 10 4 6 36 155 372 L I A B I L I T I E S 54,503 26,038 Demand deposits adjusted Time deposits except U. S. Government U. S. Government deposits Interbank demand deposits: Domestic banks Foreign banks Borrowings: From Federal Reserve Banks From others Other liabilities 2,934 633 2,545 122 10,914 1,494 350 29 17,416 5,923 891 3,084 1,205 . 2,300 576 93 3,982 1,917 172 2,478 832 114 2,210 839 77 7,052 3,426 385 81 456 22 544 10 491 6 801 12 1,749 44 740 4 1 2 37 18 184 6 122 13 621 5 32 216 56 122 70 71 85 146 1,770 301 1,179 349 1.461 4l8 725 365 478 9,734 C A P I T A L A C C O UN T S 1/ Exclusive o f " W n s to banks end after Eduction of valuation reserves; Individual loan Items are shown gross 56 1,195 3,402 ^ 1 -I A & " 4 * i &7 47 365 4 107 479 173 674 1,452
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