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BOABD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM SI (For Immediate Release) March 2, 19U9 CONDITION OF VfEBKLY REPORTING MEMBER BANKS IN LEADING CITIES The condition statement of weekly reporting member barks in leading cities shows the following principal changes for the week ended February 23; ^Increases of 0220,000,000 in demand deposits adjusted, and $175,000,000 in borrowings, and a decrease of 0389,000,000 in demand deposits credited to domestic banks. Commercial, industrial, and agricultural loans decreased £13,000,000 each in Chicago and in the San Francisco District, $11,000,000 in the St. Louis District, and 043,000,000 at all reporting member banks, and increased #11,000,000 m New York City and 010,000,000 in the Philadelphia District. Loans to brokers and dealers for purchasing or carrying United States Government securities decreased Hll^2 019,000,000. Holdings of Treasury bills decreased 018,000,000* Holdings of Treasury certificates of indebtedness decreased 020,000,000 in the Boston District, 017,000,000 in New York City, 015,000,000 in the Kansas City District, and 058.000",000 at all reporting member banks. Demand deposits adjusted increased 0174,000,000 in New York Ctiy, 057,000,000 in the Cleveland District, 031,000,000 in the Chicago District, and 028,000,000 in the Philadelphia District, &nd decreased 062,000,000 in the San Francisco District and 025,000.,000 in the St. Louis District. United States Government deposits increased 038,000,000. Demand deposits credited to domestic banks decreased in all districts. . „ Borrowings increased 057,000,000 in the Chicago District, 0^2,000,000 in New York Cit%,022,000,000 in the Philadelphia District, and 0175,000,000 at all reporting member banks, A summary of the assets and liabilities of reporting member banks follows: Increase or Feb. decrease since 23, Feb. 16, Feb. 25, 1949 • 1948 1949* 1 uy»e^ ! 1 1 A Am 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 Loans to banks Other loans c* A f -2,111 61,916 + + - 45 24 25 43 +1,255 +1,397 + 550 673 423 - 49 13 + + 141 21 1 13 — + + + 105 26 508 8 300 76 18 58 10 10 7 -3,467 - 376 +1,921 -1,577 -3,435 + 101 99 69 7 +1,975 + 2 - 198 2k,865 25,157 15,222 189 454 4,086 261 3,819 + + 10 + 1 + 107 - , U. S, Government securities - total Treasury bills Treasury certificates of indebtedness Treasury notes U. S. bonds Other securities 32,81k 1,780 5,036 1,022 24,976 4,267 Reserve 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 Govt. U, S. Government deposits Interbank demand deposits: Domestic banks Foreign banks 11,271 817 2,089 + + 16,299 15,063 1,903 8,216 1,439 293 + 220 + 9 + 88 - T + + - 389 11 + 175 - -1,260 + + + + 335 901 578 71 35 Debits to demand deposit accounts, except interbank 17,642 ( Revised figures and U. S. Govt, accounts, during week previous week 20,852) #See footnote on following page. Digitized for^February FRASER 16 figures revised (San Francisco District) ASSETS AND LIABILITIES OF WEEKLY REPORTING MEMBER BANKS IN LEADING CITIES, FEBRUARY 23, 1949 H.4.2(&) II Federal Reserve District Total San St. Minne- Kansas New Phila- CleveAll Atlanta Chicago Louis' apolis City 1Dallas Francisco Boston York delphia land districts (In millions of dollars) ASSETS 2,107 1,124 2,364 2,279 10,929 61,946 2,757 20,206 2,542 4,314 2,509 2,290 8,525 Loans and investments - total 869 1,102 5,025 996 431 2,691 842 926 1,478 853 24,365 1,059 8,593 Loans - net# 566 774 2,187 600 247 1,823 541 916 408 533 691 5,936 15,222 Commercialj industrial, & agr'l loans Loans to brokers and dealers for purchasing or carrying: 2 — 1 29 9 13 619 673 U. S. Government obligations 13 5 1 3 4 16 6 43 5 16 6 305 423 Other securities Other loans for purchasing or carrying $ 13 6 15 10 7 20 16 27 13 4 11 47 189 U. S. Government obligations 29 12 43 12 5 57 32 21 21 7 16 199 454 Other securities 2,114 89 127 161 64 338 65 277 200 94 4,086 135 422 Real estate loans 6 1 — — 3 24 5 1 2 7 9 203 261 Loans to banks 724 135 112 159 214 387 137 228 211 275 196 971 3,849 Other loans 1,057 5,145 1,290 612 977 32,814 1,534 10,348 1,326 2,496 1,529 1,265 5,185 U. S. Government securities-total 151 32 18 137 42 50 333 107 87 90 85 648 1,780 Treasury bills 1,056 272 284 189 135 728 296 274 184 145 247 1,226 5,036 Treasury certificates of indebtedness 154 70 41 14 55 230 38 115 44 45 182 34 1,022 Treasury notes 3,784 712 799 691 445 881 3,894 24,976 1,207 8,292 1,057 2,000 1,214 U. S. bonds 120 759 81 205 134 649 183 340 127 290 114 1,265 4,267 Other securities 522 1,969 556 229 447 512 2,020 368 541 522 559 5,526 14,271 Reserve with Federal Reserve Banks 123 35 33 31 23 107 70 86 46 46 170 817 57 Cash in vault 265 276 278 79 111 326 171 130 155 98 109 91 2,089 Balances with domestic banks 202 26 49 16 24 90 52 50 69 56 81 487 1,202 tmmm 0ther a 3 3 e T t S T —T T. T T I E S 46,299 Demand deposits adjusted 15,063 Time deposits except Gov't 1,903 U. S. Government deposits Interbank demand deposits: Domestic banks 8,246 1,439 Foreign banks 293 Borrowings 1,053 Other liabilities 6,029 CAPITAL ACCOUNTS Debits"*to demand**deposit accounts, except 17,642 interbank and U, S. Govt, accounts #See footnote on nreirmufi nase* ,313 16,446 481 2,367 578 79 263 2,668 32 1,232 133 4 621 54 2,453 319 650 7,142 2,058 2,973 2,044 434 1,404 579 168 95 89 310 414 349 5 5 13 6 14 28 19 37 25 460 220 307 1,764 6,007 530 2,553 370 53 496 1,275 12 44 62 5 63 26 185 694 1,362 476 74 604 2 11 16 175 649 602 2,410 546 656 1,014 806 1,876 1,951 382 414 255 71 55 37 518 700 246 1 5 2 7 19 2 14 13 15 197 195 98 6,699 5,188 234 403 86 2 150 726 680 2,290 284 719
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