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H*lt*2 BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM (For Immediate Release) May 23, 195l 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 16: Increases of $120,000,000 in loans, $180,000,000 in reserve balances with Federal Reserve Banks, $217,000,000 in balances with domestic banks, $231,000,000 in United States Government deposits, $335,000,000 in demand deposits credited to domestic banks, and $206,000,000 in borrowings, and a decrease of $224,000,000 in demand deposits adjusted. Commercial, industrial, and agricultural loans increased in six districts and decreased in the other six; the principal changes were increases of $55,000,000 in New York City and $23,000,000 in the San Francisco District, and there was a net increase of $69,000,000 at all reporting member banks* Holdings of Treasury bills increased in most districts and a total of $101,000,000 at all reporting member banks; the principal increases were $36,000,000 in the Chicago District outside of Chicago and $22,000,000 in the Kansas City District. Holdings of United States Government bonds decreased $61,000,000 in New York City, and increased $36,000,000 in Chicago and $30,000,000 in the San Brandsco District; there was a net decrease of £>35,000,000 at all reporting member banks* Demand deposits adjusted decreased $206,000,000 in New York City and $88,000,000 in Chicago, and increased $61,000,000 in the Kansas City District and $55,000,000 in the Chicago District outside of Chicago. United States Government deposits and demand deposits credited to domestic banks increased in all districts. Borrowings increased $198,000,000 in New York City and $36,000,000 in Chicago. A summary of assets and liabilities of reporting member banks follows$ • A S S E T S Loans and investments - total Loans - net Loans - gross Commercial, industrial, and agricultural loans Loans to brokers and dealers for purchasing or carrying: U. S. Government obligations Other securities Other loans for purchasing or carrying: U. S. Government obligations Other securities Real estate loans Loans to banks Other loans U. S. Government securities - total Treasury bills Treasury certificates of indebtedness Treasury notes U. S. bonds Other securities 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 Debits to demand deposit accounts, except interbank and U. S. Government accounts, during week Increase or decrease since May 9, May 17, 1951 1950 (In millions of dollars) May 16, 1951 69,582 32,668 33,12k 19,233 +190 +120 +120 + 69 +2,893 +7,82k +7,896 +5,856 272 1,087 + 9 - 45 - 123 595 5,1*56 417 5,9kl + + + 2 Ill 16 76 11 17 + 107 + 893 + 112 +1,234 + 86 +101 -5,826 30,125 - 275 I k + 20 - 35 - 16 - 230 -It, 147 +2,381 -3,563 + 895 821 2,378 +180 - 18 +217 +2,153 + 53 + 30 2*9,350 15,575 3,506 9,392 1,352 797 -22b - 9 +231 +335 + 5 +206 +2,41? + 86 +1,266 + 285 + 93 + 562 l , 7 h 2 mm m m 8,115 20,568 6,189 l h , 0 h h 26,106 I"** H.U.2 (a) ASSETS AND LIABILITIES OF WEEKLY REPORTING MEMBER BANKS IN LEADING CITIES, MAY 16, 1951 Total all districts Boston A S S E T S Loans and investments - total 69,582 Loans - net # 32,668 Commercial, industrial, and agr'l loans 19,233 Leans to brokers and dealers for purchasing or carrying: U. S. Government obligations 272 1,087 Other securities Other loans for purchasing or carrying: U. S. Government obligations 123 Other securities 595 Real estate loans 5,456 Loans to banks 417 Other loans 5,941 U. S. Government securities - total Treasury bills Treasury certificates of indebtedness Treasury notes U. S. bonds Other securities 30,425 1,742 New York R e s e r v e D i s t r i c t F e d e r Minne- {Kansas San Phila- Cleve— Rich- Atlanta Chicago St. 'Dallas Louis polls| City jFrancisco delphia land mond (In millions of dollars) 9,908 2 , 2 9 8 2,522 4,943 2,802 1,128 3,626 1,226 1,197 1,985 682 667 2,344 1,155 594 3,137 1,545 1,004 22,361 10,984 7,207 2,840 1,317 758 2 13 216 837 1 37 9 28 1 5 10 24 207 31 279 28 269 780 227 1,583 3 7 l4l 3 390 13 67 378 11 355 1,344 44 9,309 550 1,183 57 2,476 176 mm mm mmw mm mm — — 15 38 100 3 8 11 38 241 5 316 11 23 94 11 325 18 61 459 48 615 8 14 246 13 266 l,44l 126 1,176 70 5,342 290 905 54 — — - - — — » mm — — 1,223 623 349 2,732 1,254 821 2,616 1,464 1,013 12,200 6,319 2,639 3 8 12 2 21 1 6 109 163 5 16 168 14 231 9 45 122 6 273 6 25 2,511 48 1,145 463 5 1,209 174 986 62 4,591 134 . - — - - mm mm> «W mm - - mm mm mm 8,115 20,568 6,489 256 1,044 248 1,936 6,823 2,068 267 859 340 617 1,683 482 375 940 164 477 629 218 1,531 3,521 940 262 589 167 14,044 Reserves with Federal Reserve Banks Cash in vault 821 Balances with domestic banks 2,378 Other assets - net 1,441 L I A B I L I T I E S Demand deposits adjusted 49,350 Time deposits except Govt. 15,575 U. S. Government deposits 3,506 Interbank demand deposits: Domestic banks 9,392 Foreign banks 1,352 Borrowings 797 1,668 Other liabilities CAPITAL ACCOUNTS 6,626 535 57 99 103 5,315 179 166 573 550 44 129 58 883 518 70 167 454 42 211 55 57 2,l4l 104 317 105 435 32 134 30 219 13 81 18 33 294 43 2,565 477 152 271 32 5 88 16,936 2,600 1,074 2,897 1,123 487 931 2,546 2,177 434 182 404 17 45 36 326 3,415 1,371 293 496 8 32 2,179 591 147 398 8 14 28 247 1,873 517 100 539 10 2 6,6o4 2,630 731 1,590 42 107 89 782 1,502 483 117 600 2 1 2,04l 408 129 810 1 12 28 233 2,174 428 105 615 6 27 197 769 234 89 294 3 38 19 108 31 248 7,115 5,402 307 478 100 54 303 898 3,691 745 478 989 903 3,247 341 Debits to demand deposit accounts, except interbank and U. S. Govt, accounts 1,114 26,106 Individual loan items are reported gross, i.e. before 85 163 84 55 488 33 212 884 988 1,550 978 10,539 deduction, of valuation reserves. 140 318 137 450 585 269 343 581 166 1,461 2,996 1,290 560 531 38 355 67 1,903 124 262 248