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BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM (For Immediate Release) H.4.2 March 25, 1959 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 18: Increases of $773 million in loans adjusted and $870 million in reserve balances with Federal Reserve Banks; decreases of $312 million in holdings of U. S. Government securities and $646 million in demand deposits adjusted; and an increase of $1,573 million in U. S. Government deposits. Commercial and industrial loans increased in all districts and a total of $535 million at all reporting member banks; the principal increases were $266 million in New York City, $85 million in the Chicago District, $37 million in the Cleveland District, $28 million in the Boston District, and $22 million in the San Francisco District. This compares with a $373 million increase during the previous week which also included loans for quarterly tax date needs. Changes according to industry appear in another press release. All of the other loan categories also showed increases. Holdings of Treasury bills decreased $121 million, Treasury certificates of indebtedness $109 million, and Treasury notes decreased $85 million. Demand deposits adjusted decreased $497 million in New York City, $164 million in the Chicago District, $69 million in the San Francisco District, and $64 million in the Cleveland District, but they increased $6l million in the Boston District. Borrowings of weekly reporting member banks from Federal Reserve Banks increased $565 million and "borrowings from others decreased $176 million. Loans to tanks decreased $242 million, A summary of assets and liabilities of reporting member hanks follows: Increase or decrease since March 18, March 11, March 19 1958 1959 .lions of dollars; (In mil A S S E T S 30,632 583 + + + + 480 773 535 9 +4,254 +1,467 + 119 + 135 1,968 + 121 - 1,344 9,788 11,939 + + + U. S. Government securities - total Treasury bills Treasury certificates of indebtedness Treasury notes U. S. bonds Other securities 30,296 - Loans to "banks Reserves with Federal Reserve Banks Cash in vault Balances with domestic banks 1,433 13,426 974 2,519 Loans and investments adjusted l/ 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 94,728 55,018 2,212 3,430 6,760 17,894 9,414 ~ - + + + - + 14 22* 74* 714 + 155 +1,078 + 783 312 121 109 85 3 +2,041 35 +2,260 +1,819 -2,003 + 746 242 870 24 78 - 19 + + 176 86 22 58 LIABILITIES 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 1/ Exclusive of loans to banks and after deduction of individual loan items are shown gross. * March 11 figures revised (St. Louis District). +1,776 646 +1,943 2 + - 733 +1 ,573 -64 + + 153 + 59 + 711 + 565 902 - 109 176 1,020 valuation reserves; 57,019 28,367 3,101 10,749 1,644 ASSETS AND LIABILITIES OF WEEKLY REPORTING MEMBER BANKS IN LEADING CITIES, MARCH 18, 1959 s Res d e r Total San Minne- Kansas Dallas St Phila- Cleve- Rich- Atlanta Chicago New All Boston Francisco City apolis Louis mond York l delphia land Districts In millions of dollars] A S S E T S 3,733 12,494 2,843 1,579 3,697 4,476 19,512 3,743 6,396 3,436 4,035 28,784 94,728 Loans and investments adjusted i f 937 2,071 2,765 11,460 2,221 3,586 2,019 2 , 1 1 0 6,353 1,650 2,548 17,298 55,018 Loans adjusted l/ 469 1,054 1,688 4,662 825 3,825 1,099 951 1,184 1,757 1,502 U,6l6 30,632 Commercial and industrial loans 271 36 175 19 10 19 19 1 3 7 10 13 583 Agricultural loans Loans to brokers and dealers for 22 71 38 216 34 31 108 25 32 1,364 23 1,968 purchasing or carrying securities Other loans for purchasing or carrying 184 67 34 20 11 66 211 43 178 61 446 23 1,344 securities 4,463 219 196 313 276 914 222 832 226 399 1,326 402 9,788 Real estate loans 665 2,131 491 254 503 720 1,345 633 778 649 793 2,977 11,939 Other loans 6,016 484 1,275 1,364 939 1,388 1,297 4,911 2,196 8,428 897 1,101 30,296 U. S. Government securities - total 78 49 13 100 32 96 507 104 52 30 1,118 2,212 33 Treasury bills 688 128 182 34 101 429 192 124 144 245 1,013 150 3,430 Treasury certificates of indebtedness 1,066 269 287 132 1,016 251 225 254 674 221 2,043 322 6,760 Treasury notes 4,184 918 706 305 784 2,959 555 958 502 1,173 4,254 17,894 596 U. S. bonds 2 ,036 347 158 351 254 1,230 326 6l4 336 318 3,058 386 9,414 Other securities 22 351 23 37 30 52 59 48 39 664 75 1,433 33 Loans to banks 613 2,357 509 170 396 1,775 509 522 854 4,678 475 568 13,426 Reserves with Federal Reserve Banks 168 42 49 36 15 111 52 78 98 216 50 974 59 Cash in vault 219 467 68 327 159 314 144 317 157 99 157 91 2,519 Balances with domestic banks 516 82 176 41 43 82 193 96 109 101 1,204 122 2,765 Other assets - net 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 7,201 453 9 802 1,671 15 55 47 44 385 61 204 6,600 2,634 1,128 3,993 2,008 232 357 29 3,077 1,294 46i 28 538 10 38 185 619 130 21 18 68 29 19 87 490 424 773 3,032 690 131 10,749 1,644 902 1,020 2,812 10,231 l/ Exclusive of loans to banks and after deduction 2,397 929 94 2,427 646 116 57,019 28,367 3,101 11 882 130 28 66 21 3,607 473 108 2,453 726 115 2,799 1,269 95 9,665 9,972 431 326 4 878 2 974 16 529 179 3 10 36 64 6 22 44 36 71 632 175 406 521 1,535 1,671 656 103 907 683 3 5 23 46 of valuation reserves; individual loan items are shown gross 382 53 59 121
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