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Form F, R. 284 For immediate r e l e a s e STATEMENT FCR THE PRESS Board of Governors of t h e Federal Reserve System March 6, 1944 Condition of Weekly Reporting Member Banks i n Leading C i t i e s 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 in 101 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 I t I n c r e a s e s of $159,000,000 i n h o l d i n g s of Treasury b i l l s , $190,000,000 i n r e s e r v e b a l a n c e s w i t h Federal Reserve Banks, $425,000,000 i n demand d e p o s i t s - a d j u s t e d , and $150,000,000 i n d e p o s i t s c r e d i t e d t o domestic banks, and a decrease of $430,000,000 i n United S t a t e s Government d e p o s i t s . 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 United S t a t e s Government o b l i g a t i o n s d e c l i n e d $67,000,000 and other loans f o r t h e same purpose d e c l i n e d $79*000*000, both l a r g e l y in New York C i t y . Holdings of Treasury b i l l s i n c r e a s e d $138,000,000 i n New York C i t y , $61,000,000 i n t h e Chicago D i s t r i c t , and $159,000,000 a t a l l r e p o r t i n g member banks, and d e c l i n e d $27,000,000 i n t h e Boston D i s t r i c t . Holdings of Treasury notes i n c r e a s e d $36,000,000 i n t h e San F r a n c i s c o D i s t r i c t , $25,000,000 i n t h e Chicago D i s t r i c t , and $50,000,000 a t a l l r e p o r t i n g member banks. Demand d e p o s i t s - a d j u s t e d i n c r e a s e d $239,000,000 i n New York C i t y , $96,000,000 i n t h e Chicago D i s t r i c t , $54,000,000 i n t h e Cleveland D i s t r i c t , and $425,000,000 a t a l l r e p o r t i n g member banks. United S t a t e s Government d e p o s i t s d e c l i n e d in a l l d i s t r i c t s ; t h e t o t a l decrease a t a l l r e p o r t i n g member banks was $430,000,000. Deposits c r e d i t e d t o domestic banks i n c r e a s e d $56,000,000 i n t h e Chicago Dist r i c t , $51,000,000 i n New York C i t y , $28,000,000 i n t h e Cleveland D i s t r i c t , and $150,000,000 a t a l l r e p o r t i n g member banks, A summary of the p r i n c i p a l 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, and of d e b i t s t o demand d e p o s i t accounts, f o l l o w s : ASSETS Loans and Investments - t o t a l 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 p u r c h a s i n g or c a r r y i n g 1 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 o r ^ c a r r y i n g ) U. S. Government o b l i g a t i ens 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 Reserve 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 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 U. S, Government d e p o s i t s I n t e r b a n k d e p o s i t s i Domestic banks Foreign banks Borrowings 1,042 625 - 67) + 22) 759 302 1,089 102 1,222 - 79) - 16) - 3 + 32 - 6 3,848 9,043 5,727 18,541 1,739 2,857 8,510 506 2,174 +159 32,327 6,344 12,039 8,483 831 77 + 719 + - 87 45 172 +190 - 54 + 52 +425 +17 •430 +150 + 11 + 26 + 1,022 + 904 + 9,098 - 1,026 + 97 + 48 + 50* -19* -13 +15 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 s accounts, during week 13,303 *Feb. f i g u r e * revised f flhi c.n ort niatrin+A and U. S. Govt, + 1,082 396 > 4,042 + 1,628 + 5,147 180 439 841 4 398 To 1 * 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 Obligations guaranteed by U. S t Government Other s e c u r i t i e s j I n c r e a s e or decrease since Mar. Feb, 23, Mar. 3, 1, 1943 1944 1944 ( I n m i l l i o n s of d o l l a r s ) +11,820 + 23 53,290 + 2,018 11,535 -135 - 18 + 431 6,394 Form F, R. 28l*a STATEMENT FOR TIE PRESS Board of Governors of the Federal Reserve System March 2 , 19iilt For immediate r e l e a s e k* CONDITION OF WEEKLY REPORTING MEMBER RuNKS IN CENTAL RESERVE CITIES (In millions of dollars) N,3W York C i t y Increase or Mar. decrease since 1, Mar. g, Feb. 23, 191:1: 19a I9h3 * * I I * I9hh Chicago I n c r e a s e or decrease since Feb. 23, Mar. %, I9hh 19^3 Mar. 1, ASSETS Loans and Investments - t o t a l f 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 brokers and dealers for purchasing or carrying; U. S. Govt, o b l i g a t i o n s Othef s e c u r i t i e s Other loans for purchasing or carryings U, S, Govt, 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 to banks Other loans 19,671 + 1*1* +3,677 5,056 + 36 +1,001* 14,783 « 81* +1,335 1,002 - 12 + 223 2,177 + 107 828 806 U86 - 53) + 26) + 1+58 113 89 75 279 - 66) - 17) + 1*22 - - - 8 + 21* - 1 + -r +138 + 20 - 11 - w +1,331 + - +1,652 31 1*5 Treasury b i l l s Treasury c e r t , of indebt. Treasury notes ' S, bonds Obligations guaranteed by U, S. Government Other s e c u r i t i e s 1,2^ 3,287 1,922 6,573 9h2 - 9 + 1U - 83 230 , Reserve with F, R. Banks Cash in vault Balances with domestic banks 1 •- Other a s s e t s - n e t 3,170 79 23 329 +102 - 13 " 5 + 16 + 372 3 5 16 11,976 768 5,030 +239 + 1 -200 920 2k + 121 757 - 1*6 31 53 - 33 1 50 hi 978 559 l,6L6 62 333 3 3) 1) 16 6) ~r ) 55 + 1 1 8 + + + 29 19* 22* 7* t + + - + 9 - + 21 - 1* - + 8 4- + 3 + + + 1,203 + 66 - 2 - 1*2 1,056 + 39 % + 1 + 2 18l* 51 31*. 362 170 352 - - ' 23 1*6 57 2 17 1* LI-ABILITIES Demand deposits-adjusted Time deposits U. S. Government d e p o s i t s Interbank deposits 1 Domestic banks Foreign banks Borrowings Other l i a b i l i t i e s CAPITAL ACCOUNTS 2,661 750 55 321 i,7ll Debits to demand deposit accounts, except interbank and U.S.Govt, accounts, during week 5,1*76 + + + + + 51 10 27 10 6 26 + 87 +3,133 + + 1*1*0 98 28 + 8 + 131 13 321* + • + 4- 1,213 *Feb, 23 f i g u r e s revised. 81 60 898 110 1 12 21* ASSETS AND LIABILITIES OF WEEKLY REPORTING MEMBER^BANKS IN 101 LEADING CITIES, MARCH 1, 19W* Di s t r 1 c F e d e r a l R e s e r v e Total _ San Minne- Kansas RichNew Phila- jCleveAll Atlanta Chicago Louis apolis City- Dallas Francisco Boston mond York delphiaj land districts dollars) (In mill AS S E T? 5,091 1,780 1,390 8,216 1,613 1,037 ,892 21,1*61* 2,293 1,277 1,671* 1,563 Loans and Investments - total 53*290 991 31*3 31*0 196 li07 282 31*6 1,1*59 1*68 907 61*8 5,11*8 Loans - total 11,535 231 513 225 111 1,020 21*1* 201 1*16 130 1*01* 2,61*0 259 Commercial, industrial, & agr»1 loans 6,39k Loans to brokers and dealers for purchasing or carrying: 2 30 2 1 1 2 1* U9 811 15 98 27 U. S. Government obligations 1,0l|2 11* 2 1 * 2 1 * 6 1* 37 13 31 15 1*93 Other securities 625 Other loans for purchasing or carrying: 22 23 11 20 15 70 28 36 1*1* 6 1*77 7 U. S. Government obligations 75? 20 17 8 1*6 5 6 11 9 11* 20 137 9 Other securities 302 298 1*0 19 6k 19 136 27 166 1*9 38 a* 169 Real estate loans 1,089 1 1 1 —— 2 15 75 7 Loans to banks 102 1*8 1*2 93 61* 53 100 67 11*1 56 108 31*6 ioi* Other loans 1,222 122 87 395 811 87 79 11*1* 79 152 332 218 1,31*2 Treasury b i l l s 3,81*8 791 275 201* 265 339 262 1,559 21*5 625 332 596 3,-550 Treasury certificates of indebtedness 9,01+3 169 252 593 105 175 91*2 215 198 1*53 177 321 2,127 Treasury notes 5#72? 1*21 1,892 552 530 379 2,733 1*98 706 921 1,633 975 7,301 U. S. bonds 18,51*1 115 1*7 50 1*1 23 197 52 88 1*3 1*6 968 69 Obligations guaranteed by U.S.Government 1,739 311* 1*8 125 108 51 111 515 56 1,028 171* 239 88 Other securities 2,857 292 733 160 363 276 1,280 261* 290 672 365 1*00 3,1*15 Reserve with Federal Reserve Bank 8,510 l*o 10 19 19 17 90 23 61* 26 33 109 56 Cash in vault 506 211 250 296 106 83 1*05 157 11*3 215 80 111 117 Balances with domestic banks 2,17l* 1*62 22 32 15 23 88 62 88 39 63 383 Other assets - net 1,356 79 1 O Form F.R. 28l*b LIABILITIES Demand deposits-adjusted Time deposits U. S. Government deposits Interbank deposits: Domestic banks Foreign banks Borrowings Other l i a b i l i t i e s CAPITAL ACCOUNTS 32,327 6,31*1* 12,089 8,1*83 831 77 1,361 l*,32l* Debits to demand deposit accounts, except accounts 13*303 and U.S.Govt, Digitized interbank for FRASER 1,81*1 13,201 1,519 2,653 1,026 238 168 898 1,211 282 392 562 795 856 5,363 31*1 503 323 255 2,727 1 3 752 7 17 2 1* 3 1* 55 65 ll* 32 327 27 ill 1*29 230 1,81*6 262 699 5,922 535 883 371* 4 986 255 266 1*39 1* 3 10 109 337 , 5,000 1,222 1,800 1,503 15 2 1*2 1*95 879 225 292 563 133 21*1 516 281 7 111 6 75 31*9 265 1 1* 6 1,096 179 282 790 6 1,026 166 259 1*01* 2 6 2,537 1,367 1,001 1*01 23 819 127 101 1*28 1*56 317 1,031
@FedFRASER