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BOARD OF GOVERNORS OP THE FEDERAL RESERVE SYSTEM (For Immediate Release) March 21, 1956 H . M 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 14: Increases of $741 million in loans adjusted, $27% million in holdings of U. S. Government securities, and $1,186 million in demand deposits adjusted. Commercial and industrial loans increased $325 million in New York City, $62 million in Chicago, $46 million in the Cleveland District, $30 million in the Boston District, and $29 million in the San Francisco District; the total increase at all reporting member banks was $592 million. This was the largest weekly increase in these loans since the week ended June 15# 1955# which was also around a quarterly tax date. Changes according to industry appear in another press release. Loans to brokers and dealers for purchasing or carrying United States Government and other securities increased $86 million. Real estate loans increased $33 million, and "other" loans increased $32 million. Holdings of Treasury bills increased $65 million in New York City and $52 million in Chicago, and $224 million at all reporting member banks. Holdings of Treasury certificates of indebtedness increased $48 million, Demand deposits adjusted increased $48l million in New York City, $140 million in the San Francisco District, $111 million in the Philadelphia District, $89 million in the Dallas District, $83 million in the Cleveland District, and $70 million each in the Richmond District and in the Chicago District outside of the city of Chicago. Time deposits increased $87 million. United States Government deposits decreased $109 million and demand deposits credited to domestic banks increased $199 million at all reporting member banks. Borrowings from Federal Reserve Banks increased $67 million and borrowings froip others decreased $117 million. Loans to banks decreased $79 million. Increase or decrease since Mar. 16, Mar. 7, 1955 1956 Mar, 14, 1956 A S S E T S Loans and investments adjusted l/ Loans adjusted l/ 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 B 85,349 48,625 26,506 541 +1,011 h + + 741 592) 1) 2,549 1,293 8,287 10,300 + + + + 86 U» S. Government securities - total Treasury bills Treasury certificates of indebtedness Treasury notes U, S, bonds Other securities 28,431 987 6ll 6,727 20,106 8,293 + + + + 274 224 48 5 3 4 Loans to banks Reserves with Federal Reserve Batiks Cash in vault Balances with domestic banks L I A B I L I T I E S 1,222 13,389 986 2,552 + + + 3 33 32 + 506 +7,181 2/ +4,463 - 169 + 212 885 2/ 2/ +1,928 -5,943 - 962 - 931 -2,202 -1,848 - 732 101 + - 175 788 69 169 - 100 79 + 81 - 258 +1,186 Demand deposits adjusted 57,603 + 69 + 87 Time deposits except U. S. Government 21,597 894 - 109 U, S, Government deposits 1,806 - 233 + 199 Interbank demand deposits: Domestic banks 10,522 + 140 1 + Foreign banks 1,516 + 401 + 67 Borrowings: From Federal Reserve Banks 574 + 99 117 From others 843 — 1/ Exclusive of loans to banks and after deduction of valuation reserves; individual loan items are shown gross. 2/ October 5, 1955 reclassification increased commercial and industrial loans $310 million and decreased real estate loans ans "other" loans $294 and $25 mil-..-., lions, respectively. H.2(a) ' A S S E T S ASSETS AND LIABILITIES OF WEEKLY REPORTING MEMBER BANKS IN LEADING CITIES, MARCH 14, 1956 Total F e d e r a 1 fie s e r v e D :l s t r i c t All Phila| St. Minne- Kansas New Cleve- RichSan Boston Dallas AtlantaJ Chicago Districts mond land 1Louis apolis City Francisco York delphia (In millions of dollars) Loans and investments adjusted \j Loans adjusted 1/ ™* 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 85,349 48,625 26,506 541 3,795 2,349 1,404 10 25,778 16,006 10,151 21 3,262 2,193 1,125 2 6,021 3,121 1,512 2 3,443 1,758 796 8 3,311 1,686 920 16 11,879 5,620 3,392 18 2,735 1,579 793 28 1,440 820 404 20 3,347 1,735 894 124 3,804 2,407 1,483 41 16,534 9,351 3,632 251 2,54? 54 1,725 69 170 25 33 294 31 5 20 22 101 1,293 8,28? 10,300 28 344 557 526 1,169 2,717 56 218 773 129 719 648 70 331 553 49 154 542 190 766 1,079 28 275 447 11 171 221 23 280 413 129 209 555 54 3,651 1,795 U« S. Government securities - total Treasury bills Treasury certificates of indebtedness Treasury notes U. S. bonds Other securities 28,431 987 611 6,727 20,106 8,293 1,119 28 36 208 847 327 7,151 287 80 1,289 5,495 2,621 764 16 32 146 570 305 2,290 23 60 638 1,569 610 1,408 86 30 299 993 277 1,303 73 68 430 732 322 5,073 223 78 1,387 3,385 1,186 923 17 24 274 608 233 462 6 15 131 310 158 1,262 95 24 352 791 350 1,156 63 39 239 815 241 5,520 70 125 1,334 3,991 1,663 Loans to banks Reserves with Federal Reserve Banks Cash in vault Balances with domestic banks Other assets - net 1,228 13,389 986 2,552 2,036 42 561 66 89 92 731 4,573 220 181 849 26 517 49 116 88 69 919 100 153 95 20 522 80 175 70 17 507 51 290 72 10 1,978 122 277 141 14 438 36 141 46 3 209 14 76 25 14 547 41 317 53 10 539 46 463 148 266 2,079 161 274 357 57,603 21,597 1,806 2,935 622 95 18,582 4,316 562 2,581 477 70 4,116 1,749 131 2,606 729 93 2,379 631 61 7,569 3,189 304 1,766 560 59 885 291 29 2,433 554 72 2,750 839 65 9,001 7,640 265 10,522 1,516 339 34 3,083 1,182 427 22 535 10 467 8 771 11 1,647 44 688 4 317 3 848 2 850 17 550 179 574 843 2,474 8,599 21 66 96 437 31 298 1,238 3,040 6 27 62 386 36 51 88 641 16 10 54 327 30 9 51 305 312 159 147 1,036 5 18 40 270 50 24 28 140 43 3 35 329 5 8 64 412 19 170 571 1,276 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 Other liabilities C A P I T A L A C C O U N T S 1/ Exclusive of loans to banks and after deduction of valuation reserves; individual loan items are shown gross.
@FedFRASER