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BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM (For Immediate R e l e a s e ) May 23, 19$6 H.l*.2 CONDITION OF WEEKLY REPORTING MEMBER BANKS IN FADING CITIES The c o n d i t i o n s t a t e m e n t of weekly r e p o r t i n g member banks i n l e a d i n g c i t i e s shows t h e f o l l o w i n g p r i n c i p a l changes f o r t h e week ended May 1 6 : I n c r e a s e s of .'->225 m i l l i o n i n l o a n s a d j u s t e d , $11*3 m i l l i o n i n h o l d i n g s of United S t a t e s Government s e c u r i t i e s , and $851 m i l l i o n i n United S t a t e s Government d e p o s i t s , and a d e c r e a s e of $560 m i l l i o n i n demand d e p o s i t s a d j u s t e d * Commercial and i n d u s t r i a l l o a n s i n c r e a s e d i n a l l b u t one d i s t r i c t and a t o t a l of $168 m i l l i o n a t a l l r e p o r t i n g member b a n k s ; t h e p r i n c i p a l i n c r e a s e s were $39 m i l l i o n i n t h e Chicago D i s t r i c t , $36 m i l l i o n i n New York C i t y , S32 m i l l i o n i n t h e San F r a n c i s c o D i s t r i c t , $21* m i l l i o n i n t h e Boston D i s t r i c t , and $11 m i l l i o n i n the P h i l a d e l p h i a D i s t r i c t . Changes a c c o r d i n g t o i n d u s t r y appear i n a n o t h e r p r e s s r e l e a s e . "Other" l o a n s i n c r e a s e d $58 m i l l i o n . Holdings of T r e a s u r y b i l l s i n c r e a s e d $10l* m i l l i o n i n New York City and a t o t a l of $161* m i l l i o n a t a l l r e p o r t i n g member b a n k s . Holdings of United S t a t e s Government bonds d e c r e a s e d $27 m i l l i o n . Demand d e p o s i t s a d j u s t e d d e c r e a s e d $265 m i l l i o n i n New York C i t y , $80 m i l l i o n i n Chicago, $71* m i l l i o n e a c h i n t h e Boston and Cleveland D i s t r i c t s , $56 m i l l i o n i n t h e San F r a n c i s c o D i s t r i c t , and ^53 m i l l i o n i n t h e A t l a n t a D i s t r i c t , b u t t h e y i n c r e a s e d $66 m i l l i o n i n t h e New York D i s t r i c t o u t s i d e of New York C i t y . Time d e p o s i t s i n c r e a s e d $39 m i l l i o n . Demand d e p o s i t s c r e d i t e d t o d o m e s t i c banks i n c r e a s e d $298 m i l l i o n . Borrowings from F e d e r a l Reserve Banks d e c r e a s e d $296 m i l l i o n and borrowings from o t h e r s i n c r e a s e d $172 m i l l i o n . Loans t o banks i n c r e a s e d $125 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 f o l l o w s : Increase or . May decrease since 16, May 18, May 9 , 1956 1955 1956 A S S E T S Loans and i n v e s t m e n t s a d j u s t e d 1 / Loans a d j u s t e d 1 / Commercial and i n d u s t r i a l l o a n s Agricultural loans Loans t o b r o k e r s and d e a l e r s f o r purchasing or carrying s e c u r i t i e s Other l o a n s f o r p u r c h a s i n g o r c a r r y i n g s e c u r i t i e s Real e s t a t e l o a n s Other l o a n s + 562 +7,959 85,21*1 50,167 27,726 1*77 +351* +225 +168) + i*) 2/+5,k66 2,363 -15 - 3 + Hi + 58 - 286 + 157 2/+ 8ll* 2/+X,9l*7 -6,661 6,121 1,278 8,1*71 10,710 U» S . Government s e c u r i t i e s - t o t a l Treasury b i l l s T r e a s u r y c e r t i f i c a t e s of i n d e b t e d n e s s Treasury notes U. S . bonds Other s e c u r i t i e s 19,617 7,992 +11*3 +161 + 10 - 1* - 27 - ll* Loans t o banks Reserves w i t h F e d e r a l Reserve Banks Cash i n v a u l t Balances w i t h domestic banks 1,181 +125 13,20k 917 2,555 27,082 736 578 -11*0 - 31 +261 - 533 - 706 -3,1*83 -1,939 - 736 + - 79 593 1* 22 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 -1,295 -560 5k,999 Time d e p o s i t s e x c e p t U. S . Government + lli2 + 39 21,638 U. S . Government d e p o s i t s +851 23 k,025 I n t e r b a n k demand d e p o s i t s ; Domestic banks + 108 +298 10,362 F o r e i g n banks + 7 + 92 1,526 Borrowings: From F e d e r a l Reserve Banks + 397 -296 556 From o t h e r s + 1*5 +172 ea 1 / E x c l u s i v e of l o a n s t o banks and a f t e r d e d u c t i o n of v a l u a t i o n r e s e r v e s j i n d i v i d u a l l o a n i t e m s a r e shown g r o s s . 2 / October 5 , 1955 r e c l a s s i f i c a t i o n i n c r e a s e d commercial and i n d u s t r i a l l o a n s $318 ~ m i l l i o n and d e c r e a s e d r e a l e s t a t e l o a n s and " o t h e r " l o a n s $29l* and $25 m i l lions, respectively. E.4.2(a) ASSETS AND LIABILITIES OF WEEKLY REPORTING MEMBER BANKS IN LEADING CITIES. MAY l 6 , 1956 R e s e r v e D j s t r i c t F e d e r a 1 Total S t , Minne- Kansas New P h i l a - Cleve- RichAll San delphia mond A t l a n t a Chicago L o u i s a p o l i s C i t y D a l l a s F r a n c i s c o land D i s t r i c t s Boston York ( I n m i l l i o n s of do]Liars) A S S E T S Loans and i n v e s t m e n t s a d j u s t e d l / Loans a d j u s t e d l / Commercial and i n d u s t r i a l l o a n s A g r i c u l t u r a l loans Loans t o b r o k e r s and d e a l e r s f o r p u r c h a s i n g or 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 securities Real e s t a t e loans Other l o a n s 85,241 50,167 27,726 477 3,825 2,443 1,479 10 25,384 16,199 10,328 12 3,317 2,280 1,201 1 6,090 3,268 1,627 1 3,375 1,789 828 8 3,332 1,756 965 10 11,726 5,967 3,707 20 2,715 1,599 808 21 1,472 865 449 16 3,378 1,769 929 104 3,819 2,449 1,512 28 16,808 9,783 3,893 246 2,363 40 1,695 65 124 24 38 225 27 5 22 22 76 28 353 582 1,043 5 35 180 823 339 521 1,174 2,775 6,883 324 97 1,134 5,328 2,302 54 228 781 743 9 28 138 568 294 139 732 704 2,208 21 56 650 l,48l 614 59 33k 562 1,319 40 15 288 976 267 48 158 565 1,265 59 52 4l6 738 311 178 778 1,179 4,546 73 68 1,145 3,260 1,213 29 278 459 886 15 29 244 598 230 13 171 223 449 5 10 126 308 158 24 285 424 1,256 92 33 343 788 353 128 210 580 1,130 37 39 244 810 240 57 3,770 1,876 U. S . Government s e c u r i t i e s - t o t a l Treasury b i l l s T r e a s u r y c e r t i f i c a t e s of i n d e b t e d n e s s Treasury notes U. S. bonds Other s e c u r i t i e s 1,278 8,471 10,710 27,082 736 578 6,121 19,647 7,992 Loans t o banks R e s e r v e s w i t h F e d e r a l Reserve Banks Cash i n v a u l t B a l a n c e s w i t h domestic banks Other a s s e t s - n e t l,l8l 13,204 917 2,555 2,006 24 530 63 92 92 721 4,429 200 220 809 20 505 46 107 95 13 926 92 159 95 18 529 76 168 75 m48 15 44 1,958 112 303 131 12 425 34 139 46 3 195 14 74 23 13 546 39 316 53 14 536 44 433 136 284 2,118 149 278 378 856 290 66 2,340 564 138 2,634 849 127 9,027 7,629 487 303 3 857 2 845 17 539 184 55 37 30 141 70 1 39 334 34 2 56 418 11 201 593 1,344 266 73 L I A B I L I T I E S 2 , 8 4 8 17,353 2,375 2,476 2,362 7 , 1 4 8 1,660 3,920 Demand d e p o s i t s a d j u s t e d 54,999 486 624 4,324 566 636 3,184 Time d e p o s i t s e x c e p t U. S. Government 1,749 21,638 737 187 1,327 197 168 4,025 126 U. S. Government d e p o s i t s 742 135 325 I n t e r b a n k demand d e p o s i t s : 634 548 Domestic banks 447 451 1,655 697 10,362 3,053 333 4 8 4 l 10 11 F o r e i g n banks 23 1,191 32 1,526 Borrowings: 28 60 161 40 From F e d e r a l Reserve Banks 20 14 56 7 556 44 24 30 10 145 From o t h e r s 844 42 301 7 40 154 Other l i a b i l i t i e s 70 2,4c6 92 50 1,131 52 99 274 1,044 647 441 310 8,748 392 334 3,069 C A P I T A L ACCOUNTS •l»/ • i r. i / E x c l u s i v e of loans t o banks and a f t e r d e d u c t i o n 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 g r o s s . 5,354 56 116 1,213 3,969 1,671
@FedFRASER