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BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM H.4,2 (For Immediate Release) March 8, 1950 CONDITION OF WEEKLY REPORTING MEMBER- BAMS IN LEADING CITIES The condition statement of weekly reporting member banks in leading cities shows the following principal changes for the week ended March 1: Decreases of $338,000,000 in holdings of United States Government securities and $516,000,000 in United States Government deposits, and an increase of $249,000,000 in borrowings. Commercial, industrial, and agricultural loans decreased $20,000,000 in Chicago and $13,000,000 in New York, City,and increased by Smaller aaouats in most of the other districts; there was a net decrease of $20,000,000 at all reporting member banks. Loans to brokers and dealers for purchasing or carrying United States Government securities increased $210,000,000. A decrease of $783,000,000 in holdings of Treasury certificates of indebtedness and an increase of $637,000,000 in holdings of Treasury notes reflected the exchange of maturing certificates of indebtedness for a new note issue. Holdings of Treasury -bills decreased $34,000,000 in the Chicago District, $32,000,000 in the Dallas District, and by smaller amounts in nearly all of the other districts; the net decrease at all reporting member banks was $190,000,000. Holdings of United States Government bonds decreased $52,000,000, Holdings of "other securities" increased $84,000,000 in New York City and $93,000,000 at all reporting member banks. Demand deposits adjusted increased $78,000,000 at all reporting member banks; the principal changes were increases of $84,000,000 in New York City and $79,000,000 in "toe Cleveland District, and decreases of $95,000,000 in the San Francisco District fJid $35,000,000 in the Kansas City District. United States Government deposits decreased in all districts. ' Borrowings increased $188,000,000 in New York City, $51,000,000 in the San Francisco District, and a total of $249,000,000 at all reporting member banks. A summary Of the assets and 11 11 "hi Pfl nf r\er mornKor "KortVo 1 r\T.ro • 5PI x-n* O • Increase or decrease since Feb. 21, Mar. 2, 1950 1949 (In millions of cLollars) ASSETS Loans - net Loans - gross Commercial, industrial, and agricultural loans Loans to brokers and dealers for purchasing or carrying: U. S. Government obligations Other securities Other loans for purchasing or carrying: U. S. Government obligations Other securities Real estate loans Loans to banks Other loans U, S. Government securities - total Treasury bills Treasury certificates of indebtedness Treasury notes U. S. bonds Other securities Reserve with Federal Reserve Banks Cash in vault Balances with domestic banks L I A B I L I T I E S Demand deposits adjusted Time deposits except Govt. U. S. Government deposits Interbank demand deposits: Domestic banks Foreign banks Borrowings 66,831 24,741 25,118 13,834 + - -1,313 20 +4,855 + 124 209 613 916 + 210 - 78 + + 114 468 136 434 1 - 55 5 331 36 633 4,413 302 4,470 36,774 2,212 + + 3 3 4 31 + + + - 388 - 190 + + 5,075 4,625 24,862 5,316 12,104 + 92 2,106 - 49 49 + 78 708 46,926 15,405 2,422 9,021 1,246 506 Debits to demand deposit accounts, except interbank accounts, during week 23,618 U. S. Govt, Digitizedand for FRASER - 154 + l4l + 144 - 783 + 637 - 52 + 93 + 10 - 516 + • 30 3 + 249 +3,705 212 + 27 +3,596 - 130 +1,026 -2,300 - 12 23 + + + + 814 300 631 325 163 277 5.4.2(a) ^ ASSETS AND LIABILITIES OF WEEKLf REPORTING MEMBER BAMS IN LEADING CITIES, MARCH 1, 1950 Fed eral Reserve District Total all New Phila- Cleve- RichSt. Minne- Kansas San districts Boston York delphia land mond Atlanta Chicago Louis apolis City Dallas Francisc< (In millions of do]Liars) ASSETS Loans and investments - total 66,831 3,015 21,530 2,735 4,697 2,718 2,452 9,452 2,248 1,260 2,594 2,500 11,630 2k,741 Loans - net# 1,071 8,304 884 2,587 943 1,484 892 439 5,006 971 974 1,186 Commercial, industrial, and agr'l loans 13,834 651 482 801 403 5,177 212 536 634 533 1,594 845 1,966 Loans to brokers and dealers for purchasing or carrying: U. S. Government obligations 8 613 1 10 1 .1 8 559 25 Other securities 10 916 10 6 727 6 27 27 16 72 7 3 5 Other loans for- purchasing cr carrying: U. S. Government obligations 136 11 30 10 2 18 8 12 2 4 25 7 7 Other securities 434 21 20 4l 179 21 12 12 7 4l 52 23 5 Real estate loams 146 4,413 108 502 301 217 76 196 371 94 2,188 139 75 Loans to banks 24 302 12 154 31 22 7 5 39 5 3 Other loans 4,470 222 1,120 269 320 148 184 239 239 219 455 850 205 U. S. Government securities - total 36,774 1,775 11,551 1,449 2,843 1,674 1,363 6,068 1,101 702 1,383 1,183 5,682 Treasury bills 2,212 669 70 120 128 132 114 11 580 144 38 131 75 Treasury certificates of indebtedness 201 1,213 301 211 5,075 158 301 286 185 859 267 139 954 Treasury notes 200 1,237 4,625 150 350 172 116 847 203 201 175 815 159 U. S. bonds 24,862 1,304 8,432 1,009 2,072 1,163 436 663 675 773 3,782 3,782 771 ^Other securities 169 1,675 5,316 343 152 370 205 176 119 942 131 237 797 Reserve with Federal l\eeerve Banks 12,104 450 4,782 408 1,751 449 708 447 461 198 481 1,595 374 Cash in vault 708 38 49 70 58 12 157 112 91 27 30 37 27 Balances with domestic banks 2,106 111 109 91 150 149 191 82 310 107 280 273 253 Other assets - net 81 458 1,225 100 58 71 16 54 56 28 220 27 56 LIABILITIES Demand deposits adjusted. 2,411 16,510 2,102 3,145 2,058 1,753 6,280 1,393 46,926 829 1,880 1,992 6,573 Time deposits except Govt. 424 1,388 15,405 486 479 2,458 538 2,626 254 595 391 433 5,333 U. S. Government deposits 108 2,422 138 167 64 129 88 753 61 310 453 74 77 Interbank demand deposits: Domestic banks 281 2,784 464 9,021 381 358 623 284 440 536 1,448 625 797 Foreign banks 1,246 6 11 46 4 27 1,029 l 98 5 9 3 7 Borrowings 10 506 11 8 11 354 43 4 2 2 5 3 53 Other liabilities 660 62 1,219 21 29 39 32 71 19 17 237 15 17 CAPITAL ACCOUNTS 6,229 316 476 230 313 2,490 196 183 766 103 210 737 209 Debits to demand deposit accounts, except interbank and U. S. Govt, accounts 23,618 812. 916 10,194 933 1,200 784 3,278 671 784 2,811 352 877 fIndividual loan items are reported gross, i„e., before deduction of valuation ; reserves. mm mm . 1 » # , » r mm * 1 mm mm ,
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