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H.U.2 BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM (For Immediate Release) March 9, 1955 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 2: Decreases of $151 million in holdings of United States Government securities, $U7k million in demand deposits adjusted, and $131 million in United States Government deposits, and an increase of $500 million in demand deposits credited to domestic banks. Commercial, industrial, and agricultural loans increased in eight districts and a total of $115 million at all reporting member banks; the principal increases were #72 million in New York City, $16 million in the Chicago District, $lk million in the San Francisco District, and $11 million in the Cleveland District. Changes according to industry appear in another press release. Loans to brokers and dealers for purchasing or carrying United States Government and other securities increased $U8 million. "Other" loans increased $1*8 million. Holdings of Treasury bills decreased $83 million in the San Francisco District and increased $63 million in New York City; there was a net decrease of $5 million at all reporting member banks. Holdings of Treasury certificates of indebtedness, of Treasury notes, and of United States Government bonds decreased $k3 million, $72 million, and $31 million, respectively. Demand deposits adjusted decreased $206 million in the San Francisco District, $121 million in the Kansas City District, #56 million in Chicago, and $55 million in the Atlanta District, and increased $121* million in New York City. Time deposits increased $23 million; the principal changes were an increase of $39 million in the San Francisco District and a decrease of # 1 million in New York City. Borrowings decreased $110 million in New York City but they increased in seven districts, resulting in a net decrease of $k5 million. Loans to banks decreased $89 million. A summary of assets and liabilities of reporting member banks follows? Increase or March decrease since 2, Feb, 23, March 3, 1955 1955 1951 ASSETS (In millions of dollars) Loans and investments adjusted^/ + 82 8U,itl6 +5,561 Loans adjusted^/ +213 10,826 +2,10k Commercial, industrial, and agricultural loans 22,351 +115 - 56 Loans to brokers and dealers for purchasing or carrying securities + U8 2,37k + W>7 Other loans for purchasing or carrying securities 1,080 - 12 + 269 Real estate loans + 17 + 881 7,359 Other loans + lt8 8,373 + 619 U. S. Government securities - total -151 3k,599 +2,307 Treasury bills 1,816 - 268 - 5 Treasury certificates of indebtedness 1,633 -2,k6U - 13 Treasury notes 9,071 - 72 +1,276 U. S. bonds 22,076 - 31 + 763 Other securities + 20 8,991 +1,150 Loans to banks 851 - 89 + 172 Reserves with Federal Reserve Banks + 28 13,511 - 752 Cash in vault -100 893 7 Balances with domestic banks 2,U88 - 60 + 11 LIABILITIES Demand deposits adjusted Time deposits except U. S. Government U. S. Government deposits Interbank demand deposits: Domestic banks Foreign banks Borrowings: From Federal Reserve Banks From others 56,270 21,1493 2,835 10,610 1,377 212 663 -U7li + 23 -131 +5oo - 19 + 19) - 610 +2,357 +1,599 + 225 + 93 + 7k + 79 1/ Exclusive of loans to banks and after deduction of valuation reserves; individual loan items are shown gross. H.4.2(a) A S S E T S ASSETS AMD LIABILITIES OF WEEKLY REPORTING MEMBER BANKS IK LEADING CITIES, MARCH 2, 1955 Total F e d e r a 1 R e s e r v e D is t r i c t All New PhilaCleve- RichI St. Minne- Kansas San Boston Atlanta Chicago Dallas Districts York delphia land mond 1 Louis apolis City Francisco (In millions of dol]Lars) Loans and investments adjusted 1/ Loans adjusted l/ 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 Other loans 84,416 40,826 22,351 U. S. Government securities - total Treasury bills Treasury certificates of indebtedness Treasury notes U. S. bonds Other securities Loans to banks Reserves with Federal Reserve Banks Cash in vault Balances with domestic banks Other assets - net 3,691 26,022 3,276 1,956 1 3 , 2 3 8 1,778 1,109 8,031 895 5,916 2,504 1,201 3,358 3,231 11,617 2,749 1,463 3,389 3,702 1,543 1,449 4,552 1,405 700 1,524 2,144 712 851 2,743 716 921 1,426 345 2,374 30 1,817 54 120 27 19 203 18 1,080 7,359 8,373 26 360 473 431 1,050 2,165 58 208 604 81 600 551 78 306 442 35 120 448 158 695 850 34,599 1,351 47 62 284 958 384 9,804 1,046 46 731 345 75 2,318 222 6,410 703 2,980 452 2,771 86 128 8l4 1,743 641 5,876 329 1,189 24 280 387 1,101 56 43 398 604 243 18 2,091 112 298 131 1,816 1,633 9,074 22,076 8,991 851 13,511 893 2,488 2,058 500 49 899 110 79 87 161 91 1,534 l,46l 76 72 112 47 446 369 1,046 827 281 321 11 5 528 497 43 73 156 250 68 67 2,900 18,333 2,428 608 4,468 539 141 128 873 3,979 1,737 195 2,455 2,296 615 723 145 92 23 564 65 107 113 541 4,600 202 145 890 11 61 16 54 48 3,169 1,475 12 441 33 137 42 16 22 103 248 147 176 336 445 197 598 1,497 1,303 88 19 127 42 64 72 198 471 278 827 339 873 165 368 255 6 6 229 617 537 13 38 43 408 72 325 20 134 47 7,518 1,727 538 3,195 520 91 909 2,362 2,703 287 761 559 116 56 103 1,698 731 4 329 3 902 2 855 16 168 4 18 44 257 33 20 31 129 37 24 38 302 11 22 12 69 550 1,164 269 1,573 3,705 5 11 16,002 8,033 3,401 6,257 139 374 1,703 4,04l 1,712 157 2,008 135 319 376 L I A B I L I T I E S Demand deposits adjusted Time deposits except U. S. Government U. S. Government deposits Interbank demand deposits: Domestic banks Foreign banks Borrowings: From Federal Reserve Banks From others Other liabilities CAPITAL ACCOUNTS 56,270 21,493 2,835 10,610 1,377 321 30 212 663 2,513 8,244 7 31 109 4l6 3,108 1,065 3 236 1,250 3,064 426 17 14 41 52 380 544 8 453 7 707 44 97 611 20 31 50 304 33 14 51 279 — 12 45 38 113 165 975 l/ Exclusive of loans to banks and after deduction of valuation reserves; individual loan items are shown gross. 76 363 8,660 7,463 375 536
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