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H,l*,2 BQtitD 0? GOVERNORS OF THE FEDERAL KESE1;VE SYS TEL: (For Immediate Release) l a r c h 25, 19U7 CONDITION OF WEEKLY REPORTING MEI.1BBR BANKS IN LEADING CITIES The condition statement of weekly r e p o r t i n g member banks in 101 leading c i t i e s shows the following p r i n c i p a l changes f o r the week ended March 19i Decreases of $615,000,000 i n holdings of Treasury notes and $508,000,000 i n United S t a t e s Government d e p o s i t s , r e f l e c t i n g the redemption of maturing notes and Treasury c a l l s on war loan d e p o s i t s ; and an increase of $219,000,000 in demand deposits 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 increased i n n e a r l y a l l d i s t r i c t s and the t o t a l increase a t a l l r e p o r t i n g member banks was $82,000,000, Loans t o brokers and d e a l e r s f o r purchasing or carrying United S t a t e s Government s e c u r i t i e s declined $70,000,000 i n New York City and ^60,000,000 a t a l l reporting member banks; 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 other s e c u r i t i e s The p r i n c i p a l decreases i n holdings of Treasury notes were $559*000,000 in New York City, $68,000,000 in the San Francisco D i s t r i c t , and $1*7,000,000 in the Chicago D i s t r i c t , Holdings of Treasury b i l l s increased $1*30,000,000 i n New York City and $l*ll*,000,000 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 increased $165,000,000 in New York City and $11*7,000,000 a t a l l r e p o r t ing member banks, and declined $1*8,000,000 in the Chicago D i s t r i c t . Holdings of United States Government bonds increased $72,000,000 in New York C i t y and declined $32,000,000 and $31,000,000, r e s p e c t i v e l y , i n the Chicago and San Francisco Dist r i c t s ; the n e t increase was $12,000,000, Demand deposits a d j u s t e d increased $220,000,000 in New York C i t y and $219,000,000 a t a l l r e p o r t i n g member banks. United States Government deposits dec l i n e d in a l l d i s t r i c t s . Deposits credited t o domestic banks declined $52,000,000, Borrowings increased $1*2,000,000 in New York City, $15,000,000 i n the Minneap o l i s D i s t r i c t , and $1*1,000,000 a t a l l r e p o r t i n g member banks, and declined $13,000,000 i n the New York D i s t r i c t outside of New York City, A summary of the 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 follows: ASSETS Loans and investments - t o t a l Loans - t o t a l Commercial,industrial, and a g r i c u l t u r a l loans Loans t o brokers and dealers f o r purchasing or c a r r y i n g : U. S, Government obligations Other s e c u r i t i e s Other loans f o r purchasing or carrying; U, S, Government obligations Other s e c u r i t i e s Real e s t a t e loans Loans t o banks Other loans Treasury b i l l s Treasury c e r t i f i c a t e ? of indebtedness Treasury notes U.S.bonds(including guaranteed obligations) Other s e c u r i t i e s Reserve with Federal Reserve Banks Cash i n v a u l t Balances with domestic banks L I A B I L I T I E, S Demand deposits a d j u s t e d Time deposits U. S,Government deposits , Interbank deposits 1 Domestic banks Foreign banks Borrowings Increase or decrease since larch llarch £?0, Harch 12, 19, 19U6 19^7 19U7 ( I n millions of d o l l a r s ) 10,751 U3 55,5U7 l,59l 15 16,805 5,586 82 11,077 312 357 - 60 25 - 1,512 5 61* 5lU h 17 1,658 117 2,353 1,191 1,613 2,570 - 8 + 12 + 11*7 - 615 - 1,1*1*5 11 + 518 + 57 + 565 + 183 - 7,659 - 1,585 5,1M + ll* + 55 19 + 122 + + 65 97 26,881* + 1*11* + 10,008 625 12 2,207 1*0 59,005 10,595 1,971 9,210 + 219 - 15 - 508 - 52 1,506 165 Debits to demand d e p o s i t accounts, except interbank and U. S. Govt, accounts, during week 17,63": - 25 + 9 + 10 hi 11*1 55 + 1,570 + 898 -12,552 509 + 62 -' 261* ASSETS AND LIABILITIES OF WEEKLY REPORT IFCT HEMBER BANKS IH 101 LEADING 'CITIES, FARCH 19, 1947 R e s e r v e D i s t r i c t F e d o r a Total Rich- Atlanta Chicago S t . New Phi la- - " All Boston York Louis mond delphia land districts ( I n millions of d o l l a r s ) ASSETS. 7,968 1,868 1,134 2,122 1,840 Loans and investments - t o t a l 2,784 20,579 2 , 2 % it,598 1,908 l,9kh 55,547 571 756 723 488 692 1,282 585 2,301 359 Loans * t o t a l 16,805 6,159 899 214 508 381 1*22 430 7ll± 341 257 1,579 Commercial, i n d u s t r i a l , & agr*l loans 11,077 596 4,44o Loans t o brokers and dealers f o r purchasing or c a r r y i n g : 1 1 l 2 U#. S. Government obligations 1U 219 53 312 Hi l 6 5 29 18 3 10 232 5 Other s e c u r i t i e s 17 5 357 Other loans f o r purchasing or c a r r y i n g : 18 2k 28 13 37 10 52 88 20 U. S* Government obligations nii 55 5lii 8 22 6 68 15 35 186 13 Other s e c u r i t i e s 15 iu 7 417 262 106 56 65 46 80 225 43 Real e s t a t e loans 51 192 1,658 93 1 2 2 1 102 k Loans t o banks 117 4 82 114 litO 208 113 181 io4 255 95 Other loans 148 674 2,353 22 30 21 Treasury b i l l s 47 27 5 691 57 1,191 46 99 5k 236 Treasury c e r t i f i c a t e s of indebtedness 41 250 309 6k3 173 97 187 155 1,293 350 1,613 125 Treasury notes 153 115 97 319 75 78 65 179 2,570 915 95 638 U # Se.bonds(including guaranteed o b l i g a t i o n s ) 26,881; 766 877 1,026 2^160 4,035 1,072 796 595 1,463 10,338 165 83 Other s e c u r i t i e s 86 216 571 135 177 59 300 1,183 3,434 94 1,392 193 397 329 433 367 3ko Reserve with Federal Reserve Banks 10,008 436 753 470 3,931 26 18 23 23 ti>0 31 Cash i n v a u l t 87 9k 625 3k 39 59 261 251 108 168 84 k.25 188 119 Balances with domestic banks 108 119 83 2,207 20 22 15 33 Other a s s e t s - n e t 321 67 46 33 75 % 1,371 73 L I A B I L I T I E S 704 1,467 1,507 5,252 1,145 2,245 15,-570 1,828 3,081 1,383 1,392 39,005 Demand d e p o s i t s adjusted 322 2,081 236 323 380 l k06 388 2,015 296 159 478 r 10,593 Time d e p o s i t s 70 46 285 70 51 55 80 185 io4 67k 79 1,97k Tie Government deposits 824 1,605 481 493 34o 368 575 k77 298 2,990 317 9,210 Interbank deposits $ Domestic banks — 2 8 8 3 31 10 1,162 21 k 5 Foreign banks 1,306 — — — 12 11 2 13 6 5 10 7 Borrowings 165 95 12 10 10 101 14 28 19 Other l i a b i l i t i e s 55 2,229 415 15 39 161 628 154 146 262 150 133 CAPITAL ACCOUNTS 93 2,169 489 5,276 299 l.k.2% a) ****** Debits t o demand deposit accounts, except Interbank and U*S. Govt, accounts 17,630 831 7,635 710 1,131 521 r 563 2,708 558 364 666 517 San Francisco 6,548 1,990 1,195 7 26 55 28 439 1 239 92 879 354 2,818 415 967 51 293 597 3,431 2,209 275 412 52 4 1,481 592 1,426
@FedFRASER