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BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM H.1u2 (For Immediate Release) May 16, 1951 CONDITION OF WEEKLY REPORTING MEMBER BANKS IN LEADING CITIES The condition statement of weekly r e p o r t i n g manber 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 9; Decreases of # 9 7 , 0 0 0 , 0 0 0 i n holdings of United States Government s e c u r i t i e s , $589,000,000 i n demand d e p o s i t s a d j u s t e d , and $372,000,000 i n United S t a t e s Government d e p o s i t s . 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 decreased $21,000,000 in New York City, $12,000,000 i n t h e Atlanta D i s t r i c t , and #11,000,000 i n t h e St. Louis D i s t r i c t , and i n c r e a s e d by smaller amounts in most of t h e other d i s t r i c t s ; t h e r e was a net decrease of $22,000,000 a t a l l reporting member banks. Real e s t a t e loans i n c r e a s e d $21,000,000. Loans t o banks decreased $150,000,000. Holdings of Treasury b i l l s decreased $25^,000,000 in New York City, $78,000,000 in t h e Chicago D i s t r i c t , $38,000,000 i n t h e Cleveland D i s t r i c t , and a t o t a l of $330,000,000 a t a l l r eporting member banks. Holdings of Treasury notes decreased $55,000,000, Holdings of United States Government bonds decreased $37,000,000 each i n t h e New York and San Francisco D i s t r i c t s and a t o t a l of £112,000,000 a t a l l r e p o r t i n g member banks. Holdings of "other s e c u r i t i e s " decreased $106,000,000, of which $61,000,000 was i n New York C i t y . Demand d e p o s i t s a d j u s t e d decreased $1^70,000,000 i n New York City, $56,000,000 i n t h e Cleveland D i s t r i c t , $55,000,000 i n the Boston D i s t r i c t , and $15,000,000 i n t h e Chicago D i s t r i c t , and i n c r e a s e d $39,000,000 i n t h e S t . Louis D i s t r i c t , United States Government d e p o s i t s decreased i n a l l d i s t r i c t s . Demand deposits c r e d i t e d t o domestic banks increased i n most d i s t r i c t s and a t o t a l of $86,000,000 a t a l l r e p o r t i n g member banks. Borrowings at a l l reporting member banks increased $2It, 000,000. A summary of a s s e t s and l i a b i l i t i e s of reporting member banks f o l l o w s : ASSETS Loans and investments - t o t a l Loans - net Loans - gross 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 d e a l e r s f o r purchasing or c a r r y i n g : 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 or c a r r y i n g : 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 Real e s t a t e loans Loans t o banks Other loans Increase or decrease since May 10, May 2, 1950 1951 (In m i l l i o n s of d o l l a r s ) +2,991 -716 69,392 +7,630 -113 32,518 +7,702 -113 33,0 Oh - 22 +5,799 19,161 + 17 + 19 + 125 609 5,UiO 3itl 5,930 + 7 + 21 -150 - 5 12 + 131 + 899 + 18 +1,256 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 30,339 1,611 -U97 -330 8,095 20,603 6,505 - 55 —112 -106 -5,560 - 103 -It, 316 +2,339 -3,W + 921 Reserves with Federal Reserve Banks Cash i n vault Balances with domestic banks L I A B I L I T I E S Demand deposits a d j u s t e d Time d e p o s i t s except Govt. U. S. Government d e p o s i t s Interbank demand deposits? Domestic banks Foreign banks Borrowings Debits t o demand deposit accounts, except interbank and U. S. Government accounts, during week 13,861* 839 2,161 - 96 + hh - 56 +2,131 + 52 + 10 it9,57U 15,58b 3,275 9,057 l,3lt7 591 -589 + 18 -372 + 86 + h + 2b +2,693 + 95 +1,158 + 159 + 9k + 291 263 1,132 —— 2l*,3li7 151 59 ASSETS AH) LIABILITIES OF WEEKLY REPORTING MEMBER BANKS IN LEADING CITIES, MAY 9, 1951 Total D i s t r i c t e r v e F e d e r a l Re all | New |Phila- i C l e v e r Rich-j MinneI St. d i s t r i c t s ? Bostonj York delphia' land • mond 1 Atlanta!Chicago iLouis JLEPlis. (In millions of dollars) ASSETS 9,866 2,295 1,225 69,392 Loans and investments - t o t a l 3,156 22,347 2,837 4,902. 2,792 2,513 1,224 627 1,130 3,596 1,320 1,199 10,928 1,967 32,548 1,554 Loans - net $ 687 2,342 670 353 1,149 1,004 598 7,152 19,164 755 Commercial, i n d u s t r i a l , and a g r ' l loans Loans to brokers and dealers for purchasing or carrying: 2 1 23 1 217 263 9 5 U. S. Government obligations 101 3 7 15 871 38 29 12 1,132 5 Other s e c u r i t i e s Other loans f o r purchasing or carrying: l 8 11 11 19 10 U. S. Government obligations 13 31 3 125 6 14 61 68 23 43 24 269 609 7 Other s e c u r i t i e s 108 245 140 236 94 457 209 377 5,440 777 Real e s t a t e loans 10 38 200 341 9 9 5 5 37 Loans t o banks 164 612 265 326 348 314 390 278 1,574 Other loans 5,930 460 901 5,319 U. S. Government s e c u r i t i e s - t o t a l 1,358 9,335 1,175 2,459 1,427 1 , 1 6 6 30,339 267 51 3 163 123 1,641 50 59 53 533 Treasury b i l l s Treasury c e r t i f i c a t e s of indebtedness 261 1,548 478 368 139 263 615 8,095 253 1,918 Treasury notes 318 1 , 6 8 1 3,504 6,884 6 2 9 589 936 859 20,603 1,055 U. S. bonds 166 1 38 1 7 0 244 217 2,084 4 7 6 342 951 6,505 Other s e c u r i t i e s 428 221 2,112 470 896 Reserves with Federal Reserve Banks 517 13,864 533 525 5,182 86 13 46 105 188 69 45 33 839 Cash in vault 57 304 7 6 101 2 0 3 140 158 135 139 Balances with domestic banks 2,161 85 1 8 103 6 0 1 0 6 83 6 3 31 583 53 1,458 Other a s s e t s - net L I A B I L I T I E S 1,506 6,637 2,582 17,127 2,215 3,395 2,179 1 , 8 8 0 795 49,574 Demand d e p o s i t s adjusted 483 2,631 428 1,369 235 517 591 477 2,624 15,584 Time deposits except Govt. 68 108 166 138 679 94 277 136 1,033 U. 3. Government deposits 3,275 291 360 469 1,529 2 6 8 2,774 391 593 539 Interbank demand deposits: Domestic banks 9,057 41 6 12 16 2 Foreign banks 3 9 1,347 33 1,110 44 6 11 6 34 29 99 295 Borrowings 5 591 90 34 86 19 54 27 27 Other l i a b i l i t i e s 934 37 1,657 108 784 246 213 326 489 197 341 2,543 6,629 CAPITAL ACCOUNTS H.4.2 (a) * Debits tc demond deposit accounts, except interbank cnql U. S. G w t . accounts # | i ' i — — w 884 1,031 1 , 0 8 6 9,931 913 1,333 24,347 , i . e . before deduction of Valuation reserves 3,269 645 Z 456 San Francisco 2,706 1,247 818 — — 2,610 1,467 1,020 - - 9 10 4 17 8 49 122 2 272 978 51 169 2 237 1,189 152 440 597 270 537 34 342 585 165 12,143 6,289 2,6l6 5 32 6 28 2,506 24 1,150 4,572 136 1,470 2,966 l,282' ; 1,908 123 244 247 44 535 40 315 67 1,980 407 123 801 1 7 30 233 2,159 429 90 593 7 10 31 248 7,119 5,393 363 449 877 770 3,152 261 107 45 288 901
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