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H.U.2 BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM (For Immediate Release) March 30, 1955 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 23: Decreases of $865 million in holdings of United States Government securities, $656 million in reserve balances with Federal Reserve Banks, $1,579 million in demand deposits adjusted, and $628 million in demand deposits credited to domestic banks. Commercial, industrial, and agricultural loans increased f>53 million at all reporting member banksj the principal changes were increases of $39 million in New York City and $15 million each in Chicago and in the Cleveland District, and a decrease of $11 million in the San Francisco District. Changes according to industry appear in another press release. Loans to brokers and dealers for purchasing or carrying United States Government and other securities decreased $227 million. "Other" loans increased $63 million. Holdings of Treasury bills decreased $165 million in New York City and a total of $253 million at all reporting member banks. Holdings of Treasury certificates of indebtedness decreased $72 million in the San Francisco District and $71 million in the New York District, and a total of $31*5 million at all reporting member banks. Holdings of Treasury notes and United States Government bonds decreased $155 million and $112 million, respectively. Demand deposits adjusted decreased in all districts, reflecting quarterly payments of corporate income taxes. The principal decreases were $729 million in New York City, $173 million in Chicago, and $117 million in the Cleveland District, United States Government deposits increased $119 million in New York City and a total of $118 million at all reporting member banks. Borrowings increased $ll*5 million at all reporting member banks. Loans to banks decreased $85 million. A summary of assets and liabilities of reporting member banks follows: ASSETS March 23, 1955 Increase or decrease since March 16, March 21*, 1955 1951 (In millions of dollars) Loans and investments adjusted^/ Loans adjusted^/ Commercial, industrial, and agricultural loans Loans to brokers and dealers for purchasing or carrying securities Other loans for purchasing or carrying securities Real estate loans Other loans 83,996 Ul, 1*57 22,71*7 2,1*91 1,100 7,1*32 8,1*00 U. S. Government securities - total Treasury bills Treasury certificates of indebtedness Treasury notes U. S. bonds Other securities 33,509 1,696 1,197 8,771* 21,81*2 9,030 Loans to banks Reserves with Federal Reserve Banks Cash in vault Balances with domestic banks 887 13,521 927 2,1*63 + 922 62 53 +5,362 +2,301* 71* + + + 227 19 30 63 + + + + 865 253 31*5 155 112 5 +1,900 - 973 -1,651 +1*,079 + UU5 +1,158 - «• - + .. 85 656 + 22 w 189 + + 657 280 915 600 271* 962 6 21 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 56,282 -1:,579 +2,957 + 21,556 28 +1,10*2 + 118 2,818 - 731 + 10,127 628 99 + + -1,1*18 1*2 189 + 181*) 357 276 705 39) 1/ Exclusive of loans to banks and after deduction of valuation reserves; individual loan items are shown gross* ASSETS AMD LIABILITIES OF WEEKLY REPORTING MEMBER BAMS IN LEADING CITIES, MARCH 23, 1955' Fe & e r a 1 Reserve D i s t r i c t Total St. Minne- Kansas San New Cleve- RichPhilaAll Atlanta J Chicago Louis apolis City Dallas Francisco Boston mond land Districts York delphia (In millions of dollars) A S S E T S 15,878 3,346 3,196 11,628 2,721 1,451 3,375 3,658 3,710 25,855 3,254 5,930 83,996 Loans and investments adjusted 1/ 8,026 2,146 1,412 721 1,550 1,560 1,458 4,597 41,>57 1,985 13,638 1,819 2,545 Loans adjusted 1J 1,421 364 938 718 3,371 851 2,794 1,245 8 , 2 7 8 723 915 Commercial, industrial, and agr'l loans 22,747 1*129 Loans to brokers and dealers for 11 14 19 59 195 3 19 117 29 1,944 52 29 2,491 purchasing or carrying securities Other loans for purchasing or carrying 104 2 2 16 24 47 152 68 76 34 1,100 77 453 27 securities 148 250 174 281 3,187 122 704 6 0 7 211 309 1,076 3 6 3 7 , 4 3 2 Real estate loans 200 4 5 6 343 1,477 444 849 390 456 6l4 2,143 549 8,400 479 Other loans 6,115 1,447 1,251 5 6 6 1,510 1,413 5,825 1,066 2,737 9,254 993 U. S. Government securities - total 33,509 1,332 118 62 141 44 68 13 415 109 76 5 6 0 43 1 , 6 9 6 47 Treasury "bills 40 24 47 253 1 9 0 30 96 284 89 33 54 57 Treasury certificates of indebtedness 1,197 468 1,684 274 192 4 5 0 394 200 3 6 2 1,549 2,106 813 2 8 2 8,774 Treasury notes 868 821 4,037 598 1,039 337 1,726 6,304 799 3,671 693 21,842 949 U. S. bonds l64 1,206 378 255 243 1,737 648 2 7 6 442 325 2,963 9 , 0 3 0 Other securities 393 10 l 129 21 2 8 12 23 7 36 34 20 5 66 8 8 7 Loans to banks 212 589 2,153 486 430 1,854 557 8 6 9 521 516 4,775 1 3 , 5 2 1 Reserves with Federal Reserve Banks 559 40 14 151 45 46 114 34 7 6 202 90 50 65 9 2 7 Cash in vault 308 452 312 288 164 72 131 247 106 137 152 2,463 94 Balances with domestic banks 44 3 6 0 20 127 42 120 64 65 90 8 5 8 78 110 1,978 Other assets - net H.4.2(a) 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 CAPITAL ACCOUNTS 5 6 , 2 8 2 21,556 2,818 2,531 2,934 1 8 , 3 0 6 4,474 6 0 7 529 112 922 137 3,943 1,737 207 2,484 2,294 6 2 6 733 128 90 7,332 1,730 548 3,195 107 5 0 1 8,722 7,492 347 10,127 l,4l8 319 29 3,027 1,104 398 18 488 8 423 1 0 6 8 5 13 1,547 44 666 4 316 3 839 2 875 16 544 1 6 7 357 705 2,270 8,239 4 12 99 417 17 332 1,164 3,062 14 10 51 377 8 70 77 6 1 2 10 50 42 304 29 7 45 2 7 8 177 120 135 976 8 20 40 2 5 6 28 20 27 1 2 9 43 17 30 303 17 2 47 500 1,162 1/ Exclusive of loans to banks and after deduction of valuation reserves; individual loan items are shown gross. 899 2,425 2,682 291 765 559 113 97 57 60 363
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