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H.U.2 BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM (For Immediate Release) March 3, 1954 CONDITION OF WEEKLY REPORTING MEMBER BANKS IN LEADING CITIES The condition statement of weekly reporting member banks in 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 February 24: Decreases of $339 million in loans, $391 million in reserve balances with Federal Reserve Banks, and $370 million in demand deposits credited to domestic banks. 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 decreased i n a l l but the Richmond D i s t r i c t and a t o t a l of $109 million a t a l l reporting member banks; the p r i n c i p a l changes were decreases of $53 million in New York City and $15 million i n Chicago. Changes according t o industry appear in another p r e s s r e l e a s e . Loans t o brokers and d e a l e r s f o r purchasing pr carrying s e c u r i t i e s decreased $295 million. Loans t o banks increased $72 m i l l i o n . Holdings of Treasury b i l l s increased $156 million in New York City and decreased in e i g h t d i s t r i c t s , r e s u l t i n g in a net increase of $142 million a t a l l reporting member banks. Holdings of Treasury c e r t i f i c a t e s of indebtedness and of Treasury notes decreased $19 million and $103 m i l l i o n , r e s p e c t i v e l y . Holdings of United S t a t e s Government bonds increased in most d i s t r i c t s and a t o t a l of $110 million a t a l l reporting member banks. Holdings of "other" s e c u r i t i e s increased $8l m i l l i o n , of which $48 million was in New York City. Demand deposits adjusted decreased in six d i s t r i c t s and increased i n the others, r e s u l t i n g i n a net decrease of $105 million a t a l l reporting member banks; the p r i n c i p a l changes were decreased of $87 million in the San Francisco D i s t r i c t and $63 million in New York City, and increases of $56 million In the Chicago Dist r i c t and $41 million in the Philadelphia D i s t r i c t . Time deposits increased $50 million. Borrowings decreased $93 million in Chicago and increased $91 million in the San Francisco D i s t r i c t ; t h e r e was a net decrease of $4 million a t a l l reporting member banks. Afliimmftryof a s s e t s and l i a b i l i t i e s of reporting member banks follows: Increase or Feb. decrease since 2U, Feb. 17, * Feb. 25, 1954 1954 1953 (In millions of d o l l a r s ) ASSETS Loans and investments - t o t a l Loans - net Loans - gross 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 Loans to brokers and dealers f o r purchasing or carrying s e c u r i t i e s Other loans f o r purchasing or carrying s e c u r i t i e s Real e s t a t e loans Loans to banks Other loans 79,744 39,457 40,091 22,446 -128 -339 -337 -109 +2 ,033 + 682 + 708 423 1,682 819 6,501 861 7,782 -295 - 11 + 1 + 72 + 5 + 223 + 24 + 354 + 153 + 377 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 notes U. S. bonds Other s e c u r i t i e s 32,476 2,216 4,091 4,871 21,298 7,811 +130 +142 -•19 -103 +110 + 81 Reserves with Federal Reserve Banks Cash in v a u l t Balances with domestic banks 14,096 990 2,547 -391 + 67 - 12 + 998 940 +1,,820 -1;,057 +1,,175 + 353 605 2 + 137 54,038 19,767 2,983 10,230 1,318 895 -105 + 50 - 67 -370 + 19 - 4 + 227 +1 ,769 522 + 219 + 38 365 L I A B I L I T I E S Demand deposits adjusted Time deposits except Government U. S. Government deposits Interbank demand d e p o s i t s : Domestic banks Foreign banks Borrowings * February 17 f i g u r e s revised (San Francisco D i s t r i c t ) . H.4.2(a) ASSETS ASSETS AND LIABIL][TIES OF WEEKLY REPORTING MEMBER BANKS IN LEADING CITIES, February 24, 1954 Total F e d e r a 1 R e s e r v e D i s t r i c t New All P h i l a - Cleve- Rich- Atlanta Chicago S t . 1Minne- Kansas San land mond Louisjapolis City Dallas Francisc D i s t r i c t s Boston York delphia ( i n millions of d o l l a r s ) Loans and investments - t o t a l Loans - net# Commercial, i n d u s t r i a l , and a g r ' l loans Loans t o brokers and d e a l e r s f o r purchasing or carrying s e c u r i t i e s Other loans f o r purchasing or carrying securities Real e s t a t e loans Loans t o banks Other loans 79,744 39,457 22,446 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 notes U. S. bonds Other s e c u r i t i e s Reserves with Federal Reserve Banks Cash i n v a u l t Balances with domestic banks Other a s s e t s - net 3,536 24,764 1,813 13,293 1,054 8,563 3,101 1,678 895 5,738 2,522 1,339 3,188 1,383 633 3,022 11,171 2,596 1,360 3,174 681 1,329 1,298 4,391 1,374 823 776 2,796 339 735 3,359 1,912 1,279 14,735 7,783 3,214 1,682 22 1,224 56 77 19 14 185 12 1 6 10 56 819 6,501 861 7,782 26 315 15 417 327 858 576 1,973 26 167 23 547 6l 501 70 524 68 262 12 406 33 84 16 396 112 565 32 786 23 255 26 341 12 138 5 195 20 195 10 288 75 131 36 398 36 3,030 40 1,511 32,476 2,216 4,091 4,871 21,298 7,811 14,096 990 2,547 1,631 1,409 105 177 107 1,020 314 546 69 96 88 8,870 819 811 875 6,365 2,601 5,084 228 148 634 1,076 45 133 85 813 347 501 54 111 64 2,666 1,571 82 163 228 368 469 236 944 1,747 234 550 486 913 101 79 186 159 66 88 1,459 114 274 274 797 265 510 47 234 61 5,707 1,031 368 59 636 196 1,143 199 3,560 577 1,073 191 448 2,114 126 36 l4l 310 118 37 538 1,520 1,245 14 228 112 58 239 199 280 127 153 781 339 773 141 202 325 233 558 497 40 14 47 341 472 77 42 110 19 5,384 107 772 923 3,582 1,568 2,206 149 272 304 7,224 3,107 602 1,630 515 106 901 2,296 2,471 268 649 530 111 103 59 8,165 6,771 372 1,671 44 134 143 914 705 2 23 41 236 840 9 26 59 328 508 127 210 456 1,057 L I A B I L I T I E S Demand deposits a d j u s t e d 3,866 2,407 2,195 2,788 17,710 54,038 2,385 Time deposits except Government 582 1,665 658 458 563 4,001 19,767 U. S. Government deposits 154 209 92 145 2,983 875 155 Interbank demand d e p o s i t s : Domestic banks 4l8 662 401 10,230 505 309 3,022 Foreign banks 8 8 1,064 14 1,318 30 7 Borrowings 10 90 31 11 27 299 895 Other l i a b i l i t i e s 46 46 47 2,121 1,056 85 79 CAPITAL ACCOUNTS 4o4 287 2,831 362 578 257 7,656 # Individual loans items are reported gross, i . e . , b e f o r e deduction of valuation reserves. 306 3 14 30 122 883 2 20 33 280
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