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BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM H.4.2 (For Immediate Release) May 13, 1959 CONDITION OF WEEKLY REPORTING MEMBER BAMS IN LEADING CITIES The condition statement of weekly r e p o r t i n g member banks i n leading c i t i e s shows t h e following p r i n c i p a l changes f o r t h e week ended May 6 : Decreases of $384 m i l l i o n i n holdings of U. S. Government s e c u r i t i e s and $1,573 m i l l i o n in demand d e p o s i t s a d j u s t e d ; and i n c r e a s e s of $466 m i l l i o n i n demand deposits c r e d i t e d t o domestic banks and $335 m i l l i o n in borrowings of weekly r e p o r t i n g member banks from Federal Reserve Banks. Commercial and i n d u s t r i a l loans increased $139 m i l l i o n a t a l l r e p o r t i n g member banks; the p r i n c i p a l changes were increases of $57 m i l l i o n i n t h e San Francisco D i s t r i c t , $35 m i l l i o n i n New York City, $30 m i l l i o n i n Chicago, and $14 m i l l i o n in t h e P h i l a d e l p h i a D i s t r i c t , and a decrease of $12 m i l l i o n in t h e Cleveland D i s t r i c t . Changes according t o i n d u s t r y appear in another p r e s s r e l e a s e . Real e s t a t e loans increased $28 m i l l i o n . Holdings of U. S. Government s e c u r i t i e s decreased in a l l c a t e g o r i e s f o r the f o u r t h week; Treasury b i l l s by $169 m i l l i o n , Treasury c e r t i f i c a t e s of indebtedness $44 m i l l i o n , Treasury notes $130 m i l l i o n , and U. S. Government bonds by $4l m i l l i o n . Holdings of "other" s e c u r i t i e s decreased $174 m i l l i o n . Demand d e p o s i t s a d j u s t e d decreased $704 m i l l i o n i n New York City, $223 m i l l i o n in t h e Chicago D i s t r i c t , $142 m i l l i o n in t h e San Francisco D i s t r i c t , $109 million in t h e Dallas D i s t r i c t , $104 m i l l i o n in t h e Cleveland D i s t r i c t , $100 m i l l i o n in the Boston D i s t r i c t , and by smaller amounts i n a l l but one of t h e other d i s t r i c t s . U. S. Government d e p o s i t s increased $130 m i l l i o n . Borrowings from other than Federal Reserve Banks decreased $244 m i l l i o n ; and loans t o banks decreased $302 m i l l i o n . A summary of 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 follows: Increase or May 6, decrease since April 29, I May 7, 1959 1959 1 1958 (In mi]Llions of d o l l a r s ) ASSETS +2,310 Loans and investments a d j u s t e d l / 94,283 383 + Loans a d j u s t e d 1 / +3,456 175 55,989 + +1,182 Commercial and i n d u s t r i a l loans 30,763 139 + 136 606 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 + - 168 purchasing or c a r r y i n g s e c u r i t i e s 2,205 7 Other loans f o r purchasing or 6 carrying s e c u r i t i e s + 57 1,369 + +1,218 28 Real e s t a t e l o a n s 9,975 + 8 Other loans +1,113 12,309 -1,604 U. S. Government s e c u r i t i e s - t o t a l 28,892 384 Treasury b i l l s 1,863 169 32 44 +1,281 Treasury c e r t i f i c a t e s of indebtedness 2,472 Treasury n o t e s - 238 130 6,927 U. S. bonds 4 l -2,615 17,630 + 458 Other s e c u r i t i e s 9,402 174 ~ + 9 Loans t o banks 1,506 302 + 10 Reserves with Federal Reserve Banks 13,008 129 Cash i n v a u l t + 13 107 922 Balances with domestic banks 107 2,327 73 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 +1,316 56,231 -1,573 + +1,080 Time d e p o s i t s except U. S. Government 28,524 36 + 130 U. S. Government d e p o s i t s - 701 3,106 + 466 Interbank demand d e p o s i t s : Domestic banks 10,584 - 365 + 22 Foreign banks - 156 1,395 + 335 + 6o4 Borrowings: From Federal Reserve Banks 679 244 + 223 From o t h e r s 1,082 1/ Exclusive of loans t o banks and a f t e r deduction of v a l u a t i o n r e s e r v e s ; individual loan items are shown g r o s s , • ASSETS AND LIABILITIES OF WEEKLY REPORTING MEMBER BAMS IN LEADING CITIES, MAY 6 R e s e r v e F e d e r a l Total St • MinneRich ClevePhilaNew Chicago Louis a p o l i s Boston York mond land delphia Districts In m i l l i o n s of d o l l a r s ASSETS 2,813 1,597 3,751 12,205 6,402 3,745 94,283 4,051 28,262 3,465 Loans and investments a d j u s t e d l / 1,636 969 2,134 6,397 55,989 2,577 17,494 Loans a d j u s t e d l / 811 498 3,842 1,119 969 ,208 1,765 30,763 1,509 11,443 Commercial and i n d u s t r i a l loans 20 21 13 10 1 7 3 13 606 9 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 4 183 33 26 124 33 4i 1.607 27 2,205 purchasing o r c a r r y i n g s e c u r i t i e s Other loans f o r purchasing or c a r r y i n g 10 21 218 64 44 184 458 21 55 1,369 securities 278 197 918 225 407 238 839 1,373 399 9,975 Real e s t a t e loans 256 507 722 1,393 8l4 655 810 3,045 674 12,309 Other l o a n s 465 922 4,517 1,294 2,100 1,358 875 7,763 28,892 1,062 U. S . Government s e c u r i t i e s - t o t a l 10 32 243 60 190 95 38 22 855 1,863 Treasury b i l l s 88 23 328 183 125 128 95 126 594 2,472 Treasury c e r t i f i c a t e s of indebtedness 131 269 1,061 243 601 270 218 2,192 302 6,927 Treasury n o t e s 301 2,885 533 1,184 773 933 491 4,122 612 17,630 U. S . bonds 163 255 1,291 644 323 318 312 412 3,005 9,402 Other s e c u r i t i e s 12 22 102 49 38 83 51 711 25 1,506 Loans t o banks 201 374 1,805 498 524 469 929 4,345 13,008 497 Reserves w i t h Federal Reserve Banks 14 34 105 52 74 47 93 211 6 l 922 Cash i n v a u l t 67 147 261 290 150 133 86 77 159 2,327 Balances w i t h domestic banks 42 43 203 102 87 113 110 1,233 125 2,870 Other a s s e t s - n e t H.4.2(a L I A B I L I T I E S 1,620 7,090 2,421 3,999 2,611 2,430 56,231 2,988 17,412 Demand d e p o s i t s a d j u s t e d 659 881 933 3,613 657 1,982 6.608 28,524 675 Time d e p o s i t s except U. S. Government 83 82 536 120 147 295 1,079 119 3,106 U. S . Government d e p o s i t s Interbank demand d e p o s i t s : 669 1,661 742 469 520 452 3,050 10,584 359 Domestic banks 4 49 13 10 7 23 1,108 30 1,395 Foreign banks Borrowings: 18 154 59 55 55 130 21 679 From F e d e r a l Reserve Banks 11 13 99 21 51 520 15 29 1,082 From o t h e r s 48 219 64 63 90 1,390 74 130 2,962 Other l i a b i l i t i e s 321 1,260 392 781 375 3,624 430 494 10,353 CAPITAL ACCOUNTS 1 / Exclusive of loans t o banks and a f t e r deduction of v a l u a t i o n r e s e r v e s ; i n d i v i d u a l loan items a r e shown gross. San Francisco 3,670 4,486 19,836 2,096 2,788 11,893 1,079 1,685 4,835 296 176 37 30 22 75 41 310 494 185 223 68 5 68 4,568 2,254 1,224 1,343 52 109 149 93 285 266 700 913 355 350 22 21 474 587 46 38 432 314 169 89 5,969 157 540 1,089 4,183 1,974 370 2,305 147 211 554 895 380 56 2,312 736 93 2,701 1,287 115 9,752 10,113 381 329 4 900 2 926 14 507 131 32 22 37 178 97 11 47 408 30 72 69 528 28 218 731 1,562
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