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H.4.2 BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM (For Immediate Release) March 27, 1957 CONDITION OF WEEKLY REPORTING MEMBER BANKS IN LEADING CITIES The c o n d i t i o n s t a t e m e n t of weekly r e p o r t i n g member banks i n l e a d i n g c i t i e s shows t h e f o l l o w i n g p r i n c i p a l changes f o r t h e week ended March 20: I n c r e a s e s of $739 m i l l i o n i n commercial and i n d u s t r i a l l o a n s , $393 m i l l i o n i n h o l d i n g s of T r e a s u r y b i l l s , and $2,106 m i l l i o n i n U. S, Government d e p o s i t s , and a d e c r e a s e o f $ 1 , 2 0 1 m i l l i o n i n demand d e p o s i t s a d j u s t e d . Commercial and i n d u s t r i a l l o a n s i n c r e a s e d i n a l l d i s t r i c t s ; t h e p r i n c i p a l i n c r e a s e s were $376 m i l l i o n i n New York C i t y , $107 m i l l i o n i n Chicago, $66 m i l l i o n i n t h e San F r a n c i s c o D i s t r i c t , and $59 m i l l i o n i n t h e Cleveland D i s t r i c t * The c u r r e n t i n c r e a s e compares w i t h an i n c r e a s e of $403 m i l l i o n i n t h e p r e v i o u s week, which a l s o i n c l u d e d l o a n s f o r q u a r t e r l y t a x d a t e n e e d s . Changes a c c o r d i n g t o i n d u s t r y appear i n a n o t h e r p r e s s r e l e a s e . Holdings of " o t h e r " l o a n s i n c r e a s e d $40 m i l l i o n . Holdings of T r e a s u r y b i l l s i n c r e a s e d $1.79 m i l l i o n i n New York C i t y and $162 m i l l i o n i n Chicago, Holdings of U, S, Government bonds d e c r e a s e d $40 m i l l i o n . Demand d e p o s i t s a d j u s t e d d e c r e a s e d $617 m i l l i o n i n New York C i t y , $367 m i l l i o n i n t h e Chicago D i s t r i c t , and $147 m i l l i o n i n t h e San F r a n c i s c o D i s t r i c t , b u t t h e y i n c r e a s e d $67 m i l l i o n i n t h e Boston D i s t r i c t , Time d e p o s i t s i n c r e a s e d $91 m i l l i o n , of which $55 m i l l i o n was i n d e p o s i t s of i n d i v i d u a l s , p a r t n e r s h i p s , and c o r p o r a t i o n s i n New York C i t y , Borrowings from F e d e r a l Reserve Banks i n c r e a s e d $306 m i l l i o n and borrowings f r o m o t h e r s d e c r e a s e d $81 m i l l i o n . Loans t o banks d e c r e a s e d $75 m i l l i o n , A summary of a s s e t s and l i a b i l i t i e s of r e p o r t i n g member banks f o l l o w s : I n c r e a s e or decrease since March 13, March 21 . 1956 .... 1957 ( i n m i l l i o n s of d o l l a r s March 20, 1957 A S S E T S Loans and i n v e s t m e n t s a d j u s t e d 1J Loans a d j u s t e d 1J Commercial and i n d u s t r i a l l o a n s Agricultural loans Loans t o b r o k e r s and d e a l e r s f o r purchasing or c a r r y i n g s e c u r i t i e s Other l o a n s f o r p u r c h a s i n g or c a r r y i n g s e c u r i t i e s Real e s t a t e loans Other l o a n s 86,747 53,115 31,149 430 U, S, Government s e c u r i t i e s - t o t a l Treasury b i l l s Treasury c e r t i f i c a t e s of i n d e b t e d n e s s Treasury n o t e s U, S, bonds Other s e c u r i t i e s 25,990 1,763 761 4,842 18,624 7,642 Loans t o banks Reserves w i t h F e d e r a l Reserve Banks Cash i n v a u l t Balances w i t h d o m e s t i c banks 1,822 1,148 8,746 10,864 +1,094 + 805 + 739 4 + — + + + 31 8 6 40 — 314 393 22 17 40 25 1,371 13,437 961 2,535 + + 75 243 70 59 55,704 23,020 3,240 10,382 1,552 781 998 -1,201 + 91 +2,106 + 142 + 31 + 306 81 + - + 258 +3,529 +3,932 94 + + 910 145 426 514 —2,664 + 650 - 104 -1,782 -1,428 - 607 + - + *• 272 33 32 4 L I A B I L I T I E S Demand d e p o s i t s a d j u s t e d Time d e p o s i t s except U. S, Government U, S, Government d e p o s i t s I n t e r b a n k demand d e p o s i t s : Domestic banks F o r e i g n banks Borrowings: From F e d e r a l Reserve Banks From o t h e r s !_/ 796 +1 ,425 — 910 + 227 + 66 — 18$ + 297 E x c l u s i v e of l o a n s t o banks and a f t e r d e d u c t i o n of v a l u a t i o n r e s e r v e s ; i n d i v i d u a l l o a n items a r e shown g r o s s . H.4.2(a) ASSETS ASSETS AND LIABILITIES OF WEEKLY REPORTING MEMBER BANKS IN LEAD BIG CITIES, MARCH 20, 1957 F e d e r a l R e s e r v e D i s t r i c Total San S t . Minne- Km sas Dallas P h i l a - Cleve- Rich- A t l a n t a All Boston New Chicago City a p o l i s F r a ncisco Louis mond d e l p h i a land York Districts (In m i l l i o n s of d o l l a r s ) 1,039 9 11,951+ 6,389 4,129 11 2,695 1,641 865 18 1,452 891 466 17 3,346 1,762 934 108 3,811 2,400 1,459 23 16,819 10,334 4,256 211 25 38 193 24 4 24 27 82 114+ 782 71+1 1+8 331+ 577 50 171 593 179 80U 1,225 24 274 462 7 176 236 25 280 415 147 192 594 73 3,951 1,920 761+ 1+5 37 111 571 2 61+ 2,055 ill 93 507 1,342 602 1,342 89 l+o 261 952 255 1,228 78 55 345 750 293 4,454 4l6 39 757 3,242 1,111 836 38 28 217 553 216 411 8 11 105 289 150 1,249 104 45 335 765 335 1,160 101 58 191 810 251 4,955 183 112 899 3,761 1,530 ll+ 517 1+7 95 91+ 99 970 90 179 105 26 526 79 176 76 25 475 50 284 75 42 1,915 114 255 l4o 14 431 36 149 43 2 181 14 67 28 22 533 4l 337 58 10 593 45 512 168 281 2,107 177 235 1+18 7,047 3,267 559 1,61+9 588 108 821 3 2,364 610 113 2,619 905 95 8,786 8,125 402 6,209 3,55l+ 1,821 2 3,1+59 1,862 902 7 3,387 12,53U 12 3,281+ 2,256 1,218 1 29 1,200 50 126 1,11+8 8,71+6 10,861+ 18 369 61I+ 595 1,188 2,701+ 38 225 785 U. S. Government s e c u r i t i e s - t o t a l Treasury b i l l s Treasury c e r t i f i c a t e s of indebtedness Treasury n o t e s U. S. bonds Other s e c u r i t i e s 25,990 1,763 761 l+,8l+2 18,621+ 7,61+2 962 35 23 157 71+7 560 6,576 555 220 959 l+,81+2 2,275 Loans t o banks Reserves w i t h F e d e r a l Reserve Banks Cash i n v a u l t Balances w i t h domestic banks Other a s s e t s - n e t 1,371 13,1+37 961 2,535 2,358 52 594 60 87 107 781+ 4,595 208 159 1,01$ Loans and investments a d j u s t e d l / Loans a d j u s t e d l / Commercial and i n d u s t r i a l loans A g r i c u l t u r a l loans Loans t o brokers and d e a l e r s f o r purchasing o r c a r r y i n g s e c u r i t i e s Other l o a n s f o r purchasing or c a r r y i n g securities Real e s t a t e loans Other l o a n s 86,71+7 53A15 31,149 1+3 0 5,832 26,501 1,526 11 1,822 1,866 L I A B I L I T I E S 2,265 2,573 4,153 2,988 18,004 2,1+37 55,701+ Demand d e p o s i t s a d j u s t e d 1,822 735 739 1+95 607 4,817 Time d e p o s i t s except U. S. Government 25,020 112 1^6 280 1,101+ 125 ll+l+ U. S, Government d e p o s i t s 3,2l+o I n t e r b a n k demand d e p o s i t s ; 1+1+1 739 1+53 527. 10,582 Domestic banks 3,057. 334 12 13. 11 24 1,231 Foreign banks 1,552 33 Borrowings: 40 21 30 12 26 27 From F e d e r a l Reserve Banks 781 15 17 520 49 From o t h e r s 35 25 998 56 55 88 Other l i a b i l i t i e s 67 120 1,575 2,61+2 325 690 548 I+05 3,160 CAPITAL ACCOUNTS 1+57 9,090 1/ forE FRASER x c l u s i v e of loans to banks and a f t e r d e d u c t i o n of v a l u a t i o n r e s e r v e s ; i n d i v i d u a l loan items are Digitized 1,5 F49t 509 154 149 1,100 ll 61+8 4 B2 t 26 285 shown gross< ill % it 19 74 439 fo 549 1,333