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BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM H.4.2 (For Immediate Release) March 22, 1950 CONDITION OF WEEKLY REPORTING MEMBER B A M S IN LEADING CITIES The condition statement of weekly reporting member banks in leading cities shows the following principal changes for the week ended March 15: Increases of $414,000,000 in holdings of United States Government securities, $380,000,000 in reserve balances with Federal Reserve Banks, $295,000,000 in balances with domestic banks, $525,000,000 in demand deposits adjusted, $433,000,000 in United States Government deposits, and $349,000,000 in demand deposits credited to domestic banks. Commercial, industrial, and agricultural loans increased $35,000,000 in New York City, $18,000,000 in the Chicago District, $11,000,000 in the Cleveland District, and a total of $91,000,000 at all reporting member banks. Holdings of Treasury notes increased $882,000,000 and holdings of United States Government bonds decreased $785,000,000, partially reflecting the exchange of bonds called for redemption for a new note issue. Holdings of Treasury bills increased $173»000,000 in New York City, $66,000,000 in the San Francisco District, $63,000,000 in the Chicago District, and a total of $370,000,000 at all reporting member banks# \ Holdings of Treasury certificates of indebtedness decreased $53,000,000. Demand deposits adjusted increased $206,000,000 in New York City, $149,000,000 in the San Francisco District, $60,000,000 in the Kansas City District, $50,000,000 in the Chicago District outside of Chicago, and by smaller amounts in most of the Other districts. United States Government deposits increased in nearly all districts. Demand deposits credited to domestic banks increased $209,000,000 in New York City and $50,000,000 in the Chicago District. Borrowings decreased $88,000,000 in New York City, $32,000,000 in the San Francisco District,and a total of $147,000,000 at all reporting member banks. A summary of the assets and liabilities of reporting member banks follows: "• ASSETS 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 • •••'• " "" 1 * Mar. Increase or decrease since (in 66,855 24,652 25,029 13,889 Mar. 16, Mar. 8, 1949 1950 millions of dollars) +4,496 + 572 + 159 - 237 + 161 - 154 -1,206 + 91 27 66 + 284 466 + + + 4 37 20 101 + 17 + 4 + 48 27 358 139 672 528 918 + + l4l 465 4,442 148 4,498 U. S. Government securities - total Treasury bills Treasury certificates of indebtedness Treasury notes U. S. bonds Other securities 36,877 2,394 4,856 5,581 24,046 5,326 + 414 + 370 53 + 882 - 785 1 +3,765 + 381 - 136 +4,570 -1,050 + 968 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 Borrowings 12,438 743 2,468 + 380 20 + 295 -2,168 3 + 231 47,236 15,430 2,504 9,676 1,272 71 + 525 4 + 433 + 349 9 - 147 +1,054 + 315 + 530 + 874 - 148 - 426 Debits to demand deposit accounts, except interbank and U. S. Govt, accounts, during week 22,610 H.2(a) ASSETS AMD LIABILITIES OF WEEKLY REPORTING MEMBER BANKS IN LEADING CITIES, MARCH 15, 1950 Total all districts Boston A S S E T S Loans and investments - total Loans - net# Commercial, industrial, and agr'l loans Loans tc 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 F e d e r a l Phila- Clevedelphia land (In 21,498 2,784 4,680 8,256 1,476 950 5,183 814 499 New York R e s e r v e D i s t r i c t RichSt. Minne- Kansas San Atlanta Chicago Louis mond apolis City Dallas Francisco millions of dollars) 2,728 2,483 2,622 2,502 11,596 902 891 2,551 964 450 5,001 987 1,172 4l0 1,603 218 533 646 532 1,971 835 66,855 24,652 13,889 2,996 1,052 645 528 918 5 11 498 717 1 28 10 34 1 8 9 9 75 2 5 l4l 465 4,442 148 4,498 11 19 149 3 231 31 212 516 125 1,117 2 7 108 2 319 28 42 301 1 267 10 20 219 2 243 12 21 77 5 247 18 53 372 6 454 U. S, Government securities - total Treasury bills Treasury certificates of indebtedness Treasury notes U. S. bonds Other securities 8 12 197 1 219 151 187 202 36,877 2,394 4,856 5,581 24,046 5,326 1,771 64 191 226 1,290 173 11,567 718 1,132 1,655 8,062 1,675 1,497 160 176 171 990 337 2,833 125 276 415 2,017 371 1,675 117 210 228 1,120 151 1,384 121 301 205 757 208 6,095 593 830 1,030 3,642 802 688 14 120 132 422 122 ,397 152 262 219 764 238 1,200 Reserve 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 Demand deposits adjusted Time deposits except Govt, U» S. Government deposits Interbank demand deposits; Domestic banks Foreign banks Borrowings Other liabilities CAPITAL ACCOUNTS 1,118 56 181 223 658 176 93 281 176 650 130 3,674 943 12,438 743 2,468 1,131 494 50 112 75 4,950 159 125 427 470 40 127 54 747 75 159 63 452 62 175 49 405 40 208 54 1,805 96 391 83 379 28 131 27 198 12 92 15 491 31 292 26 463 34 346 55 1,584 116 310 203 47,236 15,430 2,504 9,676 1,272 71 1,212 6,234 2,432 109 301 29 2 47 328 l6,64i 2,467 746 3,055 1,068 26 676 2,480 2,126 426 159 394 11 14 30 315 3,140 1,390 175 499 37 477 2,066 597 132 409 5 5 21 231 1,778 539 66 569 10 2 28 198 6,276 2,621 519 1,542 47 12 69 737 1,409 488 67 653 4 l 18 183 823 254 73 302 3 3 16 103 22,610 865 10,077 862 1,183 748 728 2,918 624 6o4 Debits to demand deposit'accounts,"except interbank and U. S. Govt, accounts fIndividual loan A hoirs b.tg* rtzport&d gxGtifc, * t 479 e., befo]re dednc tl on or m • l nati 1 6 2 16 3 3 5 76 w mm 4 12 139 1 7 40 94 392 435 807 1 3 210 646 7 l 17 208 757 697 88 16 66 7 22 2,194 2 861 5,652 181 896 901 6,580 5,342 304 499 81 2 237 764 2,547