The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM H.4.2 (For Immediate Release) May 20, 1959 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 13: Increases of $389 million in loans adjusted, $1,047 million in holdings of Treasury bills, and $1,387 million in U. S. Government deposits. Commercial and industrial loans increased in all districts and a total of $212 million at all reporting member banks; the principal increases were $4l million in the San Francisco District, $36 million in the Chicago District, $26 million in New York City, $25 million in the Philadelphia District, and $20 million in the Cleveland District. Changes according.to industry appear in another press release. Real estate loans increased $63 million and "other" loans increased $76 million. Holdings of Treasury bills increased in all but one district, largely reflecting the first stage of the Treasury1s current refunding and new financing program. Holdings of Treasury certificates of indebtedness decreased by $4l million, Treasury notes $136 million, and U. S. Government bonds by $87 million. Holdings of "other" securities decreased $71 million. Demand deposits adjusted decreased in seven districts and increased in the others; there was a net decrease of $47 million at all reporting member banks. Borrowings of weekly reporting member banks from Federal Reserve Banks decreased $207 million and borrowings from others increased $202 million. Loans to banks increased $152 million. A summary of assets and liabilities of reporting member banks follows: Increase or decrease since May 13, May 6, May 14, 1959 1958 1959 (In mil]Lions of dollars) ASSETS +1,101 Loans and investments adjusted l/ 95,384 +3,599 Loans adjusted 1/ +3,983 + 389 56,378 + 212 +1,429 Commercial and industrial loans 30,975 + 6 + 142 612 Agricultural loans Loans to brokers and dealers for purchasing or carrying securities + 29 2,234 23 Other loans for purchasing or + 78 carrying securities + 7 1,376 +1,264 + 63 Real estate loans 10,038 +1,178 Other loans + 76 12,385 U. S. Government securities - total Treasury bills Treasury certificates of indebtedness Treasury notes U. S. bonds Other securities 29,675 2,910 2,431 6,791 17,543 9,331 + 783 +1,047 4l - 136 87 71 - 836 +1,091 +1,206 - 357 -2,776 + 452 Loans to banks Reserves with Federal Reserve Banks Cash in vault Balances with domestic banks 1,658 12,906 1,032 2,436 + + + 152 102 110 109 + 298 + 51 + 38 - 353 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: Fran Federal Reserve Banks From others 56,184 28,506 4,493 10,618 1,4l8 472 1,284 47 18 +1,387 + 34 + 23 - 207 + 202 +1,478 + 987 + 919 - 861 - 150 + 4i6 + 636 1/ Exclusive of loans to banks and after deduction of valuation reserves; individual loan items are shown gross. 8.4.2(a) ASSETS AMD LIABILITIES OF WEEKLY REPORTING MEMBER BAMS IN LEADING CITIES, MAY 13, 1959 Total F e d e r a 1 Reserve D is t r i c t All New Phila- Cleve- RichSt. MinneDistricts Boston York delphia land mond Atlanta Chicago Louis apolis A S S E T S (In millions of dollars) Loans and investments adjusted 1/ 4,080 28,645 6,506 3,809 3,797 12,400 2,844 1,610 3,543 95,384 2,311 Loans adjusted 1/ 3,676 2,088 2,142 6,473 1,648 2,592 17,593 979 56,378 815 504 980 1,127 3,878 1,518 11,471 1,233 1,785 Commercial and industrial loans 30,975 20 12 2 10 21 13 612 9 3 Agricultural loans 7 Loans to brokers and dealers for 26 204 4 114 purchasing or carrying securities 45 34 1,637 30 27 2,234 Other loans for purchasing or carrying 188 21 10 20 461 217 65 45 securities 1,376 57 240 841 227 409 279 197 Real estate loans 398 1,393 933 10,038 260 660 682 810 816 514 722 1,398 3,065 Other loans 12,385 U. S. Government securities - total Treasury bills Treasury certificates of indebtedness Treasury notes U. S. bonds Other securities 29,675 2,910 2,431 6,791 17,543 9,331 1,075 36 125 302 612 413 8,092 1,345 550 2,096 4,101 2,960 924 90 128 213 493 308 21 499 53 84 110 2,191 1,407 109 317 123 95 270 598 1,153 933 314 639 36 59 904 497 80 105 170 153 101 115 1,332 133 183 245 771 323 1,658 Loans to banks 909 53 33 12,906 502 527 4,247 Reserves with Federal Reserve Banks 1,032 62 227 Cash in vault 57 2,436 291 154 Balances with domestic banks 78 2,901 1,252 90 Other assets - net 130 L I A B I L I T I E S 2,419 3,968 2,600 Demand deposits adjusted 56,184 2,963 17,386 2,381 880 1,980 28,506 6,576 659 675 937 Time deposits except U. S. Government 164 4,493 1,692 234 125 176 U. S. Government deposits 397 Interbank demand deposits: 10,618 Domestic banks 478 3,002 467 776 532 357 Foreign banks l,4l8 10 1,124 13 23 31 9 Borrowings: 44 11 47 From Federal Reserve Banks 45 29 472 37 60 60 1,284 30 17 From others 52 594 88 3,019 65 76 Other liabilities 132 1,391 95 429 780 3,624 C A P I T A L A C C O U N T S 391 353 10,323 495 l/ Exclusive of loans to "banks and after deduction of valuation reserves; individual loan items are 4,643 397 330 1,062 2,854 1,284 69 1,834 119 300 207 939 56 89 263 531 257 14 387 37 151 44 Kansas San City Dallas Francisco 3,700 4,550 2,098 2,798 1,092 1,696 176 35 19,900 11,980 4,876 304 13 21 79 4l 312 498 184 223 688 67 4,586 2,272 5,957 149 540 1,083 4,185 1,963 472 1,247 1,396 16 125 137 24 150 94 264 264 131 696 301 913 356 159 355 26 4 32 201 485 553 44 51 17 324 69 455 167 43 90 402 2,270 180 207 552 7,094 1,636 660 3,614 110 758 894 380 82 1,708 51 667 4 323 6 876 2 927 16 505 129 95 124 226 15 18 48 24 19 38 178 88 11 49 4o8 11 51 68 26 248 743 528 1,559 319 1,259 show gross. 2,362 2,728 738 1,283 196 135 9,753 10,124 424
@FedFRASER