Full text of H.4.2 Weekly Consolidated Condition Report of Large Commercial Banks in the United States : March 31, 1948

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H.2*.2

BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM
(For Immediate Release)
March $1, I9U8
CONDITION OF WEEKLY REPORTING MEMBER BANKS IN LEADING CITIES

The c o n d i t i o n statement of weekly r e p o r t i n g member banks in leading 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 the week ended March 22*: Decreases of
$592*000,000 i n h o l d i n g s of United S t a t e s Government s e c u r i t i e s , $309,000,000 i n
r e s e r v e balances with Federal Reserve Banks, $2^1,000,000 i n b a l a n c e s with domestic
banks, $620,000,000 i n demand d e p o s i t s a d j u s t e d , and $675,000,000 i n demand d e p o s i t s
c r e d i t e d t o 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 $15,000,000 i n the
Boston D i s t r i c t , $1^,000,000 each i n New York C i t y and t h e Chicago D i s t r i c t ,
$12,000,000 i n t h e S t . Louis D i s t r i c t , and $9!*,000,000 a t a l l r e p o r t i n g member banks
Most of the o t h e r loan c a t e g o r i e s showed i n c r e a s e s .
Holdings of Treasury b i l l s decreased $261,000,000 i n New York C i t y and
$24*9,000,000 a t a l l r e p o r t i n g member b a n k s . Holdings of Treasury notes decreased
$51,000,000 i n New York C i t y , $29,000,000 i n t h e C i t y of Chicago, and $105,000,000
a t a l l r e p o r t i n g member b a n k s . Holdings of Treasury c e r t i f i c a t e s of indebtedness
and of United S t a t e s Government bonds decreased $$1,000,000 and $7,000,000, r e s p e c t i v e l y . Holdings of " o t h e r s e c u r i t i e s " increased $$9,000,000.
Demand d e p o s i t s a d j u s t e d decreased i n n e a r l y a l l d i s t r i c t s , the p r i n c i p a l
decrease being $207,000,000 i n t h e City of Chicago. Time d e p o s i t s increased
$25,000,000 i n the P h i l a d e l p h i a D i s t r i c t and $20,000,000 a t a l l r e p o r t i n g member
banks. United States Government d e p o s i t s i n c r e a s e d $56,000,000. Demand d e p o s i t s
c r e d i t e d t o domestic banks decreased s u b s t a n t i a l l y i n a l l d i s t r i c t s .
Borrowings i n c r e a s e d $54,000,000 i n the C i t y of Chicago, $22,000,000 i n New
York C i t y , and $111,000,000 a t a l l r e p o r t i n g member banks.
A summary of t h e 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 1
March
21,
I9U8
ASSETS
Loans and investments - t o t a l

Increase or
decrease s i n c e
Mar, 26,
Mar. 17,
19U7
l9hB

( I n m i l l i o n s of d o l l a r s )
- 229
-524
63,232

Loans - t o t a l
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 t o b r o k e r s and d e a l e r s
f o r purchasing o r c a r r y i n g ;
U. S. Government o b l i g a t i o n s
Other s e c u r i t i e s
Other loans f o r purchasing or c a r r y i n g :
U. S, Government o b l i g a t i o n s
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

23,121
lit, 1*81*

+ 29

- 9b

>3,570
+2,292

2*31
375

+ 82
- 36

+
-

+
+
+
+

+
+
+

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
Reserve with F e d e r a l Reserve Banks
Cash i n v a u l t
Balances w i t h domestic banks
L I A B I L I T I E S

1,930
3,907
2,1*67
27,165
U,3!*2
12,366
779
2,191

-1*1*9
- 31
-105
- 7
+ 39
-309
+ 22
-251

+1,137
-1,596
- 1*12
-3,11*0
+ 212
+1,001*
+
30
17

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 Govt.
U. S. Government d e p o s i t s
Interbank demand d e p o s i t s : Domestic banks
Foreign banks
Borrowings

1*6,391
lit, 7 50
1,227
8,563
1,366
1*22

-62o
+ 20
+ 56
-675
- 1
+111

+1,103
+ 505

Debits t o demand d e p o s i t a c c o u n t s , except interbank
and U. S, Govt, accounts, d u r i n g week

21,2$2*




279
1*75
3,610
251
3,513

3
4
12
61*
2

-

57
57
282
21
889
7U
638

9h9

- 380
+ 26
+ 177

ASSETS AND LIABILITIES OF WEEKLY REPORTING MEMBER BANKS IN LEADING CITIES, MARCH 24. 1948
Di s t r i c t
R e s e r v e s
Fed e r a ]
Total
Minne- Kansas toUM
New
P h i l a - C l e v e - Rich- A t l a n t a Chicago S t ,
All
|Fr™=is=o
Boston
apolis City
Louis
d e l p h i a land mond
York
districts
( I n m i l l i o n s of d o l l a r s )
ASSETS
2,811 21,359 2,50*4 1,328 2,562 2,317 8,683 2,043 1,131 2 , 3 1 2 2 , 1 8 5 l l , 0 9 l
Loans and investments - t o t a l
65.232
811 1,012
4,656
U19
827
2,659
888
1,514
937
835
7,760
1,103
Loans - t o t a l
23,421
2,006
252
705
529
1,831
568
till
523
C o m m e r c i a l , i n d u s t r i a l , & a g r * 1 loans
507
905
738
5,509
14,484
Loans t o b r o k e r s and d e a l e r s f o r
purchasing or carrying*
W •»
••
*»
- - - 21
4
2
18
3
12
U.S.Government o b l i g a t i o n s
371
1*31
6
2
6
4
9
29
4
14
14
8
5
Other s e c u r i t i e s
274
375
Other loans f o r p u r c h a s i n g or c a r r y i n g *
21
16
10
10
16
23
31
23
U.S.Government o b l i g a t i o n s
14
55
5
55
279
11
22
35
70
14
39
5
8
16
15
205
35
Other s e c u r i t i e s
475
118
1,927
146
79
54
178
314
72
120
239
74
289
3,610
Real e s t a t e l o a n s
- 1
- 2
2
3
5
56
4
133
13
25k
35
Loans t o banks
166
654
184
139
212
170
186
358
93
182
245
924
Other loans
3,513
12
169
20
91
461
50
5
44
47
889
87
55
1,930
Treasury b i l l s
172
1,047
258
65
203
98
170
207
439
1,024
87
T r e a s u r y 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
137
3,907
146
86
89
539
146
405
53
91
72
157
132
Treasury notes
551
2,467
3,962
809
791
724
507
4,089
928
2 , 0 7 1 1,305
1,147
1,244
U.S. bonds
27,165
9,588
721
116
3! 78
148
630
197
185
125
108
332
255
Other s e c u r i t i e s
1,447
4,342
1,774
1,625
491
368
459
199
431
4,810
757
493
469
12,366
Reserve w i t h F e d e r a l Reserve Banks
490
126
28
30
13
33
61
82
96
45
163
58
44
Cash i n v a u l t
779
302
276
80
269
104
187
106
150
126
335
148
108
2,191
Balances w i t h domestic banks
173
14
24
43
34
62
46
73
58
55
1,038
377
Other a s s e t s - n e t
79

H.lu2foO

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 e x c e p t Govt.
U. S.Government d e p o s i t s
I n t e r b a n k demand deposits«Domestic banks
F o r e i g n banks
Borrowings
Other l i a b i l i t i e s
CAPITAL ACCOUNTS

46,391
14,750
1,227
8,563
1,366
422
1,018
5,869

2,327
496
53
272
20
6
55
317

16,922
2,286
361
2,829
1,208
159
577
2,393

2,034
422
53
328
12
1
31
300

Debits t o demand d e p o s i t a c c o u n t s , except
i n t e r b a n k and U.S.Govt, accounts
21,254

869

9,272

791




2 , 9 8 8 2,044
1,323
597
72
96
447
349
7
5
24
15
16
37
214
464

1,745
549
38
475
9
6
24
180

722

685

1,141

5,859
2,457
215
1,346
32
174
58
671
2,879

6,824
5,H9

1,293
472
40
564
3
8
16
171

768
252
28
264
3
17
11
97

1,752
388
61
723
1
11
13
187

1,835
389
41
521
4
13
193

445
62
X
167
682

582

362

762

739

2,450

-

-

T