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BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM H.4.2 (For Immediate Release) May VJ, 1950 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 May 10: Decreases of $$1,000,000 in loans, $47,000,000 in demand deposits adjusted, $68,000,000 in demand deposits credited to domestic banks, and $64,000,000 in borrowings. Commercial, industrial, and agricultural loans decreased $66,000,000 in New York City, $16,000,000 in Chicago, and increased $9,000,000 in the Philadelphia District; there was a net decrease of $55,000,000 at all reporting member banks. "Other loans" increased $30,000,000. Holdings of Treasury bills decreased $9,000,000 at all reporting member banks; the principal changes were decreases of $47,000,000 in Chicago, $26,000,000 in New York City, and $24,000,000 in the Cleveland District, and increases of $28,000,000 in the Kansas City District and $26,000,000 in the New York District outside of New York City. Holdings of Treasury certificates of indebtedness increased $27,000,000 in the San Francisco District and a total of $9,000,000 at all reporting member banks. Holdings of Treasury notes increased $24,000,000 in the Cleveland District and decreased $20,000,000 in the San Francisco District; there was a net decrease of $20,000,000 at all reporting member banks. Demand deposits adjusted decreased $158,000,000 in New York City and $41,000,000 in the Cleveland District, and increased $44,000,000 in the Kansas City District, $41,000,000 in the Chicago District, and $24,000,000 each in the Atlanta and St. Louis districts. Borrowings decreased $52,000,000 in New York City and increased $24,000,000 in the Cleveland District. A summary of the assets and liabilities of reporting member banks follows: Increase or May decrease since 10, May 11, May 3, 1950 1949 1950* A S S E T S (In millions of cLollars) Loans and investments - total 66,401 +4,352 133 Loans - net 24,918 +1,333 91 Loans - gross +I,4l6 8? 25,302 Commercial, industrial, and agricultural loans - 543 13,365 55 Loans to brokers and dealers for purchasing or carrying: U. S. Government obligations i 92 + 714 Other securities + 479 1,073 25 Other loans for purchasing or carrying: 60 U. S. Government obligations 137 7 Other securities + 59 475 5 Real estate loans + 19 4,541 + 455 Loans to banks + 122 45 323 Other loans + + 812 4,674 30 • U. S. Government securities - total Treasury bills Treasury certificates of indebtedness Treasury notes U. S. bonds Other securities 35,899 1,744 4,316 5,756 24,083 5,584 Reserves 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 11,733 787 2,151 Debits to demand deposit accounts, except Interbank and U. S. Government accounts, during week *May 3 figures revised (San Francisco District) 46,881 15,489 1,817 8,898 1,253 300 - - + - + - + - - + - + - 17 9 9 20 3 25 +1,788 - 612 - 597 +4,786 -1,789 +1,231 43 56 24 -1,463 9 + 15 47 + + + + 1 28 68 2 64 + 960 236 721 497 90 149 21,265 (Revised figure previoi week 23,846) H.4.2(a) ASSETS AMD LIABILITIES OF WEEKLY REPORTING MEMBER BANKS IN LEADING CITIES, MAY 10, 1950 F e d e r a 1 R e s e r v e D i s t r ic t Total all New Phila- Cleve- RichSt. Minne- Kansas San Atlanta Chicago Louis apolis City Dallas districts Boston York delphia land mond Francisco ASSETS (In millions of do]Liars) 66,401 Loans and Investments - total 3,050 21,211 2,787 4,651 2,684 2,470 9,260 2,217 1,238 2,6l6 2,504 11,713 1,060 24,918 8,480 Loans - net# 1,483 929 902 975 466 2,576 930 1,176 939 5,002 Commercial, industrial, and agrr loans 13,365 630 4,917 801 422 521 495 490 1,572 217 820 575 1,905 Loans to brokers and dealers for purchasing or carrying: U. S. Government obligations 661 714 12 14 2 1 20 2 2 Other securities 880 12 1,073 8 32 12 29 6l 6 4 17 Other loans for purchasing or carrying: U. S. Government obligations 11 137 2 26 23 12 13 8 19 8 3 3 9 Other securities 475 213 19 50 17 22 7 12 56 12 40 5 22 Real estate loans 4,541 110 157 541 224 307 201 82 376 79 143 2,222 99 Loans to banks 6 20 323 205 2 8 2 45 11 10 7 7 Other loans 4,674 1,184 235 323 261 254 275 469 188 225 214 155 891 U. S. Government securities - total 35,899 1,787 11,048 1,459 2,778 1,602 1,356 5,807 1,088 645 ,434 1,194 5,701 Treasury bills 1,744 440 126 72 105 89 87 294 12 198 57 169 95 Treasury certificates of indebtedness 4,316 183 164 161 945 229 272 174 772 250 233 854 79 Treasury notes 228 5,756 1,651 205 423 236 254 1,036 126 196 234 968 199 U. S, bonds 24,083 1,304 8,012 2,000 1,11.6 985 661 743 428 3,705 769 650 3,710 Other securities 5,584 203 1,683 353 390 212 153 190 877 127 1,010 134 252 Reserves with -Federal Reserve Banks 11,733 445 442 4,527 446 715 405 360 190 448 1,757 463 1,535 Cash in vault 787 44 66 173 55 42 103 79 30 13 114 32 36 Balances with domestic banks 2,151 85 129 91 133 153 174 322 125 28? 76 318 258 Other assets - net 1,185 68 439 58 75 54 16 53 28 93 27 216 58 L I A B I L I T I E S Demand deposits adjusted 46,881 2,456 16,286 2,132 3,106 2,065 1,796 824 6,227 1,413 6,653 Time deposits except Govt. 481 15,489 2,480 438 1,374 602 544 2,631 494 254 446 396 5,349 U. S. Government deposits 1,817 114 79 537 135 93 52 64 354 51 47 52 239 Interbank demand deposits: Domestic banks 8,898 2,711 360 273 463 376 512 1,439 586 821 283 616 458 Foreign banks 1,253 30 1,037 11 6 9 2 47 1 9 3 89 9 Borrowings 300 12 16 199 37 2 1 5 15 3 7 3 Other liabilities 1,314 49 728 43 22 33 21 76 27 264 17 15 19 CAPITAL ACCOUNTS 6,305 330 2,501 318 479 202 185 233 746 103 214 781 213 Debits to demand deposit accounts, except interbank and U. S. Govt, accounts 21,265 815 892 9,765 1,057 712 672 2,636 545 339 674 620 2,538 #Individual loan items are reported gross, i.e., before deduction of valuation reserves.
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