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H.4.2 BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM (For Immediate Release) March 17, 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 10: An increase of $840 million in demand deposits adjusted and a decrease of $533 million in United States Government deposits. Commercial, industrial, and agricultural loans increased in most districts and a total of $68 million at all reporting member banks; the principal changes were increases of $37 million in the Chicago District, $14 million in New York City, and $11 million in the Boston District, and a decrease of $18 million in the San Francisco District* Changes according to industry appear in another press release. Loans to brokers and dealers for purchasing or carrying securities increased $98 million. Loans to banks decreased $129 million. Holdings of Treasury bills increased $41 million in the San Francisco District and a total of $78 million at all reporting member banks. Holdings of Treasury certificates of indebtedness, of Treasury notes, and of United States Government bonds decreased $30 million, $28 million, and $20 million, respectively. Holdings of "other" securities increased $115 million, of which $70 million was in New York City and $27 million in the San Francisco District. Demand deposits adjusted increased in all but one district; the principal increases were $352 million in New York City, $158 million in the San Francisco District, $68 million in the Dallas District, and $62 million in the Chicago District outside of Chicago. Time deposits increased $67 million. Borrowings decreased in six districts and increased in the others, with a resulting net decrease of $71 million; the principal changes were a decrease of $165 million in the San Francisco District and an increase of $83 million in N # York City. A summary of assets and liabilities of reporting member banks follows$. Increasipar Mar. decrease since 10, Mar. 11, Mar. 3, 1954 1954 1953 (In millions of dollars) ASSETS Loans and investments - total +166 +1,856 79,700 Loans - net + 51 + 479 39,452 Loans - gross 40,088 + 52 + 506 Commercial, industrial, and agricultural loans + 68 664 22,475 Loans to brokers and dealers for purchasing or carrying securities 2,005 + 98 + 416 Other loans for purchasing or carrying securities 809 * 2 + 18 Real estate loans 6,489 + 11 + 322 Loans to banks -129 + 161 550 Other loans + 6 + 253 7,760 U. S. Government securities - total Treasury bills Treasury certificates of indebtedness Treasury notes U. S. bonds Other securities Reserves with Federal Reserve Banks Cash in vault Balances with domestic banks 32,292 2,162 4,067 4,770 21,293 7,956 + 78 - 30 - 28 - 20 +115 964 982 -bL>849 ~1,155 +1j,252 + 413 14,304 939 2,459 + 41 + 39 - 18 546 14 4* 73 54,753 19,961 2,077 10,495 1,279 725 +840 + 67 -533 - 22 - 24 - 71 88 +1:,855 205 + 408 86 686 + - 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 E.4.2(a) ASSETS AMD LIABILITIES OF WEEKLY REPORTING MEMBER BANKS IN LEADING CITIB&*- March 10r -1954 Fed era 1 R e s e r v e D i s t r 1 c t Total San Phila- Cleve- Rich- Atlanta Chicago St. Minne- Kansas Dallas New All Boston Francisco Louis apolis City land mond delphia York Districts (In millions of do]Liars) A S S E T S 79,700 Loans and investments - total 39,452 Loans - net# Commercial, industrial, and agr'l loans 22,475 Loans to brokers and dealers for 2,005 purchasing or carrying securities Other loans for purchasing or carrying 809 securities 6,489 Real estate loans Loans to banks 550 7,760 Other loans 3,560 24,846 3,081 1,840 13,303 1,670 898 1,070 8,547 5,656 2,463 1,334 3,165 1,385 639 3,364 14,699 1,896 7,731 1,277 3,175 1,555 48 74 21 15 199 10 2 6 10 43 24 308 31 421 317 854 286 1,972 24 164 19 554 61 504 35 506 65 263 7 407 34 85 20 395 114 564 21 775 22 255 32 339 14 137 17 193 20 196 20 290 77 131 18 4oo 37 3,028 44 1,508 2,643 1,551 143 95 214 358 224 457 970 1,733 229 550 1,477 122 276 253 826 264 5,596 1,031 338 49 622 199 194 1,092 589 3,544 1,089 187 534 1,518 1,259 131 17 235 224 196 56 126 149 271 788 783 335 326 209 143 5,374 141 754 903 3,576 1,594 2,127 118 307 127 459 35 142 38 232 14 $6 19 562 47 425 103 1,987 138 284 318 7,381 1,678 3,118 517 78 370 910 269 41 2,278 2,523 656 534 84 85 8,096 6,805 277 1,706 41 121 148 917 339 3 2 28 122 835 9 10 56 328 558 118 47 462 1,063 32,292 2,162 4,067 4,770 21,293 7,956 1,406 99 167 126 1,014 314 8,842 740 874 895 6,333 2,701 l,06l 52 127 80 802 350 Reserves with Federal Reserve Banks Cash in vault Balances with domestic banks Other assets - net L I A B I L I T I E S 14,304 939 2,459 1,650 547 64 100 92 5,360 216 135 627 526 51 95 66 Demand deposits adjusted Time deposits except Government U. S. Government deposits Interbank demand deposits: Domestic banks Foreign banks Borrowings Other liabilities CAPITAL ACCOUNTS 54,753 19,961 2,077 2,853 18,166 4,109 575 634 93 2,395 463 98 3,034 1,034 358 1,019 2,830 405 16 31 48 363 314 28 13 83 404 906 95 157 88 549 76 174 65 509 46 252 63 3,864 2,401 664 1,668 121 131 2,208 583 65 538 7 36 79 579 455 9 44 47 288 # Individual loan items are reported gross, i.e., "before deduction of valuation reserves. 3,196 1,352 833 22 U. S. Government securities - total Treasury bills Treasury certificates of indebtedness Treasury notes U. S. bonds Other securities 10,495 1*279 725 2,093 7,669 3,038 11,123 2,599 1,373 696 4,438 1,381 1,297 342 741 2,850 769 707 10 29 48 258 699 2 21 &2 236 540 39 312 44 905 2 13 33 281
@FedFRASER