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H.4.2 BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM (For Immediate Release) March 31, 1954 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 24$ Decreases of $1,273 million in holdings of Treasury certificates of indebtedness, $380 million in reserve balances with Federal Reserve Banks, $1,572 million in demand deposits adjusted, and $921 million in demand deposits credited to domestic banks, and an increase of $351 million in United States Government deposits. Commercial, industrial, and agricultural loans decreased in most districts and a total of $118 million at all reporting member banks; the principal changes were decreases of $31 million in New York City, $28 million each in the Chicago and San Francisco districts, $11 million in the St. Louis District, and $10 million in the Boston District. Changes according to industry appear in another press release. Loans to brokers and dealers for purchasing or carrying securities decreased $97 million. Loans to banks decreased $88 million. "Other" loans increased $33 million. Holdings of Treasury certificates of indebtedness decreased substantially in all districts, reflecting maturing tax certificates. Holdings of Treasury bills increased $61* million in the San Francisco District and $63 million in the New York District, but they decreased in most of the other districts; the net increase was $78 million. Holdings of Treasury notes and of "other" securities decreased $49 million and $21* million, respectively. Demand deposits adjusted decreased in all districts; the principal decreases were $593 million in New York City, $169 million in the Chicago District, $144 million in the Cleveland District, and $95 million in the Dallas District. Time deposits increased $130 million, of which ^61 million was in the San Francisco District. Borrowings decreased $113 million in the San Francisco District but they increased in seven other districts; the net decrease at all reporting member banks was $59 million. A summary of assets and liabilities of reporting member banks follows: Increase or decrease since Mar. 25, Mar. 17, Mar. 24, 1954 ASSETS Loans and investments - total Loans - net Loans - gross Commercial, industrial, and agricultural loans Loans to brokers and dealers for purchasing or carrying securities Other loans for purchasing or carrying securities Real estate loans Loans to banks Other loans 195U (In millions of do]Liars) 79,21*7 39,766 U0,U05 22,821 1,83U 820 6,517 613 7,800 U. S. Government securities - total Treasury bills Treasury certificates of indebtedness Treasury notes U. S. bonds Other securities 31,609 2,669 2,81*8 4,695 21,397 7,872 Reserves with Federal Reserve Banks Cash in vault Balances with domestic banks 12*,1*83 933 2,1*1*2 L I A B I L I T I E S Demand deposits adjusted Time deposits except Government U. S. Government deposits Interbank demand deposits: Domestic banks Foreign banks Borrowings i#3 53,325 20,111* 3,549 10,028 1,229 786 -1,518 255 256 118 +1,>439 + 178 + 207 516 97 6 8 88 33 + + + -1:,239 + + + - + + - + + 78 -1,,273 1*9 + 5 — 21* - + — 380 8 166 -1.,572 + + - - 130 351 921 19 59 - + 321 28 31*1* 163 193 959 7U 679 -1,202 +1 ,1*08 + 302 - + + 31*9 2 121* t 50 +1 ,992 815 + 385 77 1*55 H.4.2(a) ASSETS AND LIABILITIES OF WEEKLY REPORTING MEMBER BAMS IN LEADING CITIES, March 24, 1954 F e d e r a 1 R es e r v e D i s t r i c t Total St. Minne- Kansas New Phila- Cleve- RichSan All Dallas Atlanta Chicago Boston Louis apolis City delphia land mond Francisco York Districts (in millions of dollars) A S S E T S Loans and investments - total Loans - net$ Commercial, industrial, and agr'l loans Loans to brokers and dealers for purchasing or carrying securities Other loans for purchasing or carrying securities Real estate loans Loans to banks Other loans 79,24? 39,766 22,821 3,522 24,686 3,081 1,845 13,444 1,673 8,748 1,076 913 5,648 3,153 2,488 1,403 649 1,354 2,992 11,136 2,576 1,370 3,143 686 1,351 1,306 4,516 1,390 840 346 2,905 743 777 3,366 14,574 1,920 7,744 1,301 3,169 1,834 26 1,377 40 67 19 15 217 15 2 5 11 4o 820 6,517 613 7,800 25 314 17 423 318 860 368 2,001 25 163 13 556 61 504 42 511 68 265 7 412 34 86 18 397 119 568 24 771 21 254 31 344 14 138 2 193 20 197 9 293 78 133 15 399 37 3,035 67 1,500 U. S. Government securities - total Treasury bills Treasury certificates of indebtedness Treasury notes U. S. bonds Other securities 31,609 2,669 2,848 4,695 21,397 7,872 1,367 143 72 116 1,036 310 8,588 1,058 858 93 502 92 868 79 6,360 794 2,654 350 2,600 132 272 453 1,743 560 1,523 151 164 221 987 227 1,420 118 214 248 840 266 5,543 466 465 1,081 3,531 1,077 996 64 162 184 586 190 543 1,468 1,242 30 230 139 186 170 51 161 256 127 796 772 335 l4l 204 324 5,26l 245 498 901 3,617 1,569 Reserves with Federal Reserve Banks Cash in vault Balances with domestic banks Other assets - net L I A B I L I T I E S 14,483 933 2,442 1,565 575 64 92 92 948 97 150 84 524 81 179 61 494 46 235 59 2,101 117 317 107 435 35 126 37 226 14 71 18 551 38 321 42 558 46 446 98 2,158 l4o 278 302 Demand deposits adjusted Time deposits except Government U. S. Government deposits Interbank demand deposits: Domestic banks Foreign banks Borrowings Other liabilities CAPITAL ACCOUNTS 53,325 20,114 3,549 3,830 2,394 669 1,671 265 153 2,153 586 106 7,115 3,102 639 1,613 517 140 866 269 75 2,253 536 126 2,503 669 127 8,062 6,853 377 652 10 16 45 258 1,625 43 204 130 920 645 2 14 4l 237 312 3 25 27 122 855 2 11 30 282 828 9 536 113 20 420 1,071 5,381 206 130 602 2,785 17,388 2,363 468 4,189 585 162 1,223 156 10,028 300 2,958 28 988 1,229 786 451 7 1,960 983 79 2,825 405 7,679 # Individual loan items are reported gross, i.e., before deduction of 532 49 97 63 419 505 393 8 16 7 — — 24 14 69 43 45 288 580 361 valuation reserves. — - 48 330
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