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BOARD OF GOVBiNOhS OF THE FEDERAL RESERVE SYSTLM (For Immediate Release) March 7> 1956 CONDITION OF WEEKLY REPORTING MEMBER BAMS IN LEADING PITIES The condition statement of weekly reporting member banks in leading c i t i e s sho/s the following p r i n c i p a l changes f o r the week ended February 29: Increases of 0192 million in loans adjusted and : 22U million in United States Government deposits. Commercial and i n d u s t r i a l loans increased $91 million a t a l l reporting member banks.* the p r i n c i p a l changes were increases of $120 million in New York City and $12 million in t h e Atlanta D i s t r i c t , and decreases of #19 million in Chicago, Slit million in the San Francisco D i s t r i c t , and $13 million in the Cleveland D i s t r i c t . Changes according to industry appear in another press r e l e a s e . "Other" loans i n creased $83 million, of which $58 million was in New York City. Holdings of United States Government s e c u r i t i e s decreased $123 million with a l l categories showing decreases, Holdings oi "other" s e c u r i t i e s increased |3.8 million in New York City and a t o t a l of # 1 million at a l l reporting member banks. Demand deposits adjusted increased $158 million in the Cleveland D i s t r i c t , $81 million in New York City, and $1*9 million in the Chicago D i s t r i c t outside of Chicago, but they decreased $105 million in the San Francisco D i s t r i c t , $1*9 million in Chicago, and $1*6 million in the New York D i s t r i c t outside of New York City; the net increase was $90 million a t a l l reporting member banks. Time deposits increased $38 m i l l i o n . Borrowings from Federal Reserve Banks decreased $lt9 million and borrowings from others increased $l61t m i l l i o n . Loans to banks increased $111* million, HaU*2 fl snmmarv of assets and l i a b i l i t i e s of reporting member banks follows: Increase or Feb, decrease since 19,* Mar0 2y Feb. 22,** 1956 1956 1 fir1 millions oi: doliarsT~~ ASSETS - 159 81'., 182 +110 Loans and investments adjusted l / +6,90$ it?, 656 +192 Loans adjusted l / + 91) 25,768 Commercial anct i n d u s t r i a l loans 2/ +U,0?6 - 15) 5it9 Agricultural loans Loans to brokers and dealers for + M 2,1*22 + 15 purchasing or carrying s e c u r i t i e s + 207 + 2 1,287 Other loans for purchasing or carrying s e c u r i t i e s 2/ ++ 857 8,216 + 22 Real e s t a t e loans 2/ +1,850 + 83 10,258 Other loans ' 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 28,272 910 566 6,673 20,103 8,25k -123 - 38 - 27 - 17 - ia + hi -6,327 - 906 -1,017 -2,101 -1,973 - 737 + 285 1,211 +11U Loans to banks 227 +269 13,28k Reserves with Federal Reserve Banks + 35 lilt 928 Cash in v a u l t * 111 - 79 2,377 Balances with domestic banks L I A B I L I T I E S 75 56,195 + 90 Demand deposits adjusted + 38 21, It 90 3 Time deposits except U« S» Government +221* 253 2,582 U* S. Government deposits 737 - 95 9,873 Interbank demand deposits: Domestic banks + 107 l,lt81* - 2 Foreign banks + 281t U96 - 19 Borrowings: From Federal Reserve Banks + 188 +16U 851 From others 1/ Exclusive of loans to banks and a f t e r deduction of valuation reserves; individual loan items are shown gross, 2/ October 5;, 1955 r e c l a s s i f i c a t i o n increased commercial and i n d u s t r i a l loans $318 million and decreased r e a l e s t a t e loans and "other" loans $291 and 1 25 millions , r e s p e c t i v e l y . * Preliminary (San Francisco D i s t r i c t ) . ** February 22 f i g u r e s revised (St. Louis D i s t r i c t ) . ASSETS Loans and investments adjusted 1/ Loans adjusted 1/ Commercial and i n d u s t r i a l loans A g r i c u l t u r a 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 Other loans Total All * Boston Districts F e d e r a l R e s e r v e D: s t r i c t San * Cleve- Rich- Atlanta Chicago S t . Minne- Kansas Dallas New P h i l a Francisco Louis a p o l i s City mond land York delphia (In millions of d o l l a r s ) 84,182 47,656 25,768 549 3,750 2,310 1,376 9 2,422 45 1,692 31 342 554 1,112 39 43 192 838 328 522 1,135 2,715 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 1,287 8,216 10,258 28,272 910 586 6,673 20,103 8,254 7,143 307 59 1,295 5,482 2,607 Loans t o banks 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 1,211 13,284 928 2,377 2,o48 30 523 66 90 91 56,195 21,490 2,582 9,873 1,484 5,923 3,024 1,448 2 3,386 1,733 776 7 3,265 1,690 931 15 58 152 23 32 240 27 5 129 716 636 28 273 450 5,007 175 79 1,338 3,415 1,172 101 898 91 151 93 43 71 158 331 550 537 1,374 1,258 58 57 21 57 427 303 992 71? 279 317 10 22 494 535 49 77 161 250 71 73 189 766 1,072 692 4,555 198 171 874 56 213 767 764 15 34 143 572 307 28 488 49 106 89 36 1,984 113 279 142 919 19 21 273 606 233 8 428 34 131 46 11 171 219 468 4 16 138 310 156 12 172 14 70 23 2,894 622 119 17,823 4,228 834 2,456 48l 117 4,023 1,748 188 2,513 2,376 622 721 114 74 7,485 3,192 499 1,713 559 83 313 34 2,949 1,148 4o4 18 505 9 666 11 1,587 45 634 5 25,251 3,213 15,501 2,142 9,717 1,096 20 2 2,292 17 64 622 1,589 607 11,640 2,709 5,461 1,557 772 3,293 30 2 1 1,443 819 405 20 3,326 3,786 1,714 2,395 878 1,472 44 123 16,490 9,310 3,604 256 19 21 108 23 279 411 1,266 94 27 362 783 346 129 208 552 1,151 62 37 238 8l4 240 55 3,624 1,795 5,518 63 128 1,342 3,985 1,662 19 524 39 306 52 8 548 44 4i4 145 245 2,135 154 248 349 878 2,391 2,679 854 292 551 80 43 91 8,964 7,620 340 803 18 477 181 L I A B I L I T I E S Demand d e p o s i t s adjusted Time d e p o s i t s except U. S. Government U. S. Government deposits Interbank demand d e p o s i t s : Domestic banks Foreign banks Borrowings: From Federal Reserve Banks From others Other l i a b i l i t i e s CAPITAL ACCOUNTS 423 8 299 4 813 3 21 61 44 10 23 21 19 150 32 496 13 33 69 24 142 14 16 428 41 14 13 38 851 31 35 55 66 64 41 146 4l 30 578 91 2,470 1,211 96 53 53 l 4 l 4 i i 1,258 270 326 639 389 1,035 329 8,589 303 437 3,051 duction of valuation reserves; individual loan items are shown gross.•Preliminary (San Fran. Dis.)
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