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H,l*,2 BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM (For Immediate Release) March 16, 1955 CONDITION OF WEEKLY REPORTING MEMBER BANKS IN LEADING CITIES The c o n d i t i o n statement of weekly r e p o r t i n g member banks i n l e a d i n g 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 t h e week ended March 9: Decreases of $1*22 m i l l i o n i n holdings of United S t a t e s Government s e c u r i t i e s , $555 m i l l i o n i n United S t a t e s Government d e p o s i t s , and $298 m i l l i o n i n demand d e p o s i t s c r e d i t e d t o domestic banks, and an i n c r e a s e of $1*99 m i l l i o n i n demand d e p o s i t s a d j u s t e d . 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 i n c r e a s e d i n most d i s t r i c t s and a t o t a l of $2U m i l l i o n a t a l l r e p o r t i n g member banks; the p r i n c i p a l changes were i n c r e a s e s of $27 m i l l i o n i n New York City and $15 m i l l i o n i n t h e Cleveland D i s t r i c t and a decrease of $31* m i l l i o n i n t h e San Francisco D i s t r i c t , Changes according t o i n d u s t r y appear i n another p r e s s r e l e a s e . Loans t o brokers and d e a l e r s f o r purchasing or c a r r y i n g United S t a t e s Government and o t h e r s e c u r i t i e s i n c r e a s e d $78 m i l l i o n . "Other" loans incre ase d §36 m i l l i o n . Holdings of Treasury b i l l s decreased $102 m i l l i o n i n t h e New York D i s t r i c t and a t o t a l of $139 m i l l i o n a t a l l r e p o r t i n g member banks. Holdings of Treasury c e r t i f i c a t e s of indebtedness, of Treasury n o t e s , and of United S t a t e s Government bonds decreased $98 m i l l i o n , $112 m i l l i o n , and $73 m i l l i o n , r e s p e c t i v e l y . Holdings of " o t h e r " s e c u r i t i e s i n c r e a s e d $101 m i l l i o n . Demand d e p o s i t s a d j u s t e d i n c r e a s e d $31*2 m i l l i o n i n New York City, $51* m i l l i o n i n the P h i l a d e l p h i a D i s t r i c t , $53 m i l l i o n i n the Richmond D i s t r i c t , and $5l m i l l i o n i n Chicago, and t h e y decreased $58 m i l l i o n i n the San Francisco D i s t r i c t , Borrowings i n c r e a s e d $12U m i l l i o n a t a l l r e p o r t i n g member banks, banks i n c r e a s e d $59 m i l l i o n . Loans t o A summary of a s s e t s and l i a b i l i t i e s of r e p o r t i n g member banks f o l l o w s : March 1 « <S b * m o Loans and investments a d j u s t e d ! / Loans a d j u s t e d ! / 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 d e a l e r s f o r purchasing or c a r r y i n g s e c u r i t i e s Other loans f o r purchasing o r carrying s e c u r i t i e s Real e s t a t e l o a n s Other loans 1955 81,212 Increase or decrease sinc e March 2, March 10,i 1955 1951* 1*0,973 22,375 + 2h +5,092 +2,071 - 106 2,152 1,075 7,373 8,109 + 78 - 5 + 11* + 36 + + + + U. S. Government s e c u r i t i e s - t o t a l Treasury b i l l s Treasury c e r t i f i c a t e s of indebtedness Treasury n o t e s U. S, bonds Other s e c u r i t i e s 31,177 1,677 1,535 8,962 22,003 9,092 -122 +1,885 - U85 -2,532 +1,192 + 710 Loans t o banks Reserves with F e d e r a l Reserve Banks Cash i n v a u l t Balances with domestic banks 910 13,535 925 2,358 -171* +11*7 -139 - 98 -112 - 73 +101 + 59 + 2U + 32 -130 1*1*7 26U 881* 657 +1,136 + - 360 769 11* 101 L I A B I L I T I E S Demand d e p o s i t s a d j u s t e d Time d e p o s i t s except U, S. Government U. S, Government d e p o s i t s Interbank demand d e p o s i t s : Domestic banks Foreign banks Borrowings: From Federal Reserve Banks From o t h e r s 56,769 21,510 2,280 10,312 1,361* 287 712 +1*99 + 1*7 -555 -298 - 13 + 75) + 1*9) +2,016 +1,579 + 203 - 183 + 85 271* 1 / Exclusive of l o a n s t o banks and a f t e r deduction of v a l u a t i o n r e s e r v e s ; i n d i v i d u a l loan items a r e shown g r o s s . H.4.2(a) ASSETS ASSETS AM) LIABILITIES OF WEEKLY REPORTING MEMBER Total F e All New P h i l a - I D i s t r i c t s Boston York d e l p h i a j BAMS IN LEADING CITTF.fi, MARCH 9, 1955 d e r a l R e s e r v D i s t r i c t Cleve RichS t . Minne- Kansas San land mond A t l a n t a Chicago Louis a p o l i s c i t y Dallas Francisco ( i n m i l l i o n s of d o l l a r s ) Loans and investments a d j u s t e d 1 / Loans a d j u s t e d 1 / Commercial, i n d u s t r i a l , and a g r ' l l o a n s Loans t o b r o k e r s and d e a l e r s f o r purchasing o r c a r r y i n g s e c u r i t i e s Other loans f o r purchasing or c a r r y i n g securities Real e s t a t e l o a n s Other loans 84,242 40,973 22,375 3,693 1,965 1,115 25,967 13,378 8,062 3,270 1,795 902 5,918 2,518 1,216 3,357 1,546 712 3,224 1,447 849 11,590 4,538 2,743 2,741 1,400 711 1,449 703 350 3,390 1,525 921 3,706 2,142 1,427 15,937 8,016 3,367 2,452 29 1,905 54 116 27 19 192 18 3 11 17 61 1,075 7,373 8,409 26 359 477 435 1,058 2,174 60 209 611 77 604 554 78 307 444 35 121 447 152 696 852 24 279 388 34,177 1,677 1,535 8,962 22,003 9,092 47 3,171 1,484 9,581 629 335 2,240 6,377 3,008 1,020 4l 68 207 704 455 2,763 87 119 833 1,724 637 1,527 69 44 367 1,047 284 1,458 88 107 445 818 319 5,850 319 272 1,562 3,697 1,202 1,097 51 43 401 602 244 582 15 33 196 338 164 22 248 337 1,496 129 71 470 826 369 103 174 444 U. S . Government s e c u r i t i e s - t o t a l Treasury b i l l s Treasury c e r t i f i c a t e s of indebtedness Treasury n o t e s U. S. bonds Other s e c u r i t i e s 1,322 16 147 197 1,298 63 271 876 266 Loans t o banks Reserves with F e d e r a l Reserve Banks Cash i n v a u l t Balances with domestic banks Other a s s e t s - n e t 910 13,535 925 2,358 2,058 6,183 131 321 1,692 4,039 1,738 547 63 94 113 540 4,854 212 130 885 15 508 50 97 80 24 897 89 131 91 8 516 75 168 68 26 504 45 261 68 47 1,956 114 283 134 11 457 33 136 42 1 223 14 69 20 8 531 40 316 47 19 545 44 399 132 185 1,997 146 274 378 56,769 21,540 2,280 2,910 608 18,663 4,484 2,482 529 95 3,986 1,740 153 2,508 724 117 2,311 616 77 7,562 3,199 394 1,748 539 76 926 287 44 2,383 559 94 767 81 8,602 7,488 320 10,312 1,364 317 28 1,060 3,015 403 19 495 7 454 7 717 12 1,594 41 714 4 316 3 877 2 850 17 560 164 287 712 2,525 8,239 6 26 108 417 17 311 12 46 54 380 9 54 95 611 13 14 50 305 36 29 51 279 85 105 168 976 8 30 45 256 26 16 28 130 52 25 38 302 2 5 73 21 51 549 1,162 30 59 278 955 406 26 88 L I A B I L I T I E S Demand d e p o s i t s a d j u s t e d Time d e p o s i t s except U. S . Government U. S. Government d e p o s i t s Interbank demand d e p o s i t s : Domestic banks Foreign banks Borrowings: From F e d e r a l Reserve Banks From o t h e r s Other l i a b i l i t i e s CAPITAL ACCOUNTS 116 713 1,266 3,059 srves; i n d i v i d u a l loan items a r e shown g r o s s . 362
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