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H.k.2 BOARD OF GOVERNORS OF TI1E FEDERAL RESERVE SYSTEM (For Immediate Release) May 27, 1953 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 20: An increase of $517 million in lotos to banks; decreases of $218 million in holdings of United States Government securities, #262 million in demand deposits adjusted, and $210 million in borrowings; and an increase of $k95 million in United States Government deposits. Commercial, industrial, and agricultural loans decreased in all districts and a total of $118 million at all reporting member banks; the principal decreases were $50 million in New York City, $21 million in the St* Louis District, and $16 million in the Chicago District, Changes according to industry appear in another press release. Loans to brokers and dealers for purchasing or carrying securities increased $51 million, "Other loans" decreased $23 million*Holdings of Treasury bills decreased $88 million at all reporting member banks; the larger changes were a decrease of $30 million in New York City and an increase of $21 million in the Chicago District* Holdings of Treasury notes decreased $27 million. Holdings of United States Government bonds decreased $59 million in the San Francisco District and a total of $112 million at all reporting member banks. Demand deposits adjusted decreased in most district; the principal changes were decreases of $92 million in the San Francisco District, $k8 million in the Richmond District, and $38 million in Chicago, and an increase of $3k million in the New York District outside of New York City. Time deposits increased $25 million. United States Government deposits increased in all districts. Borrowings decreased $93 million in the Chicago District, $72 million in the San Francisco District, and $5k million in the Cleveland District* A summary of assets and liabilities of reporting member banks follows: Increase or decrease since May 13, May 20, 1953 ASSETS Loans and investments - total Loans - net Loans - gross Commercial, industrial, and agricultural loans Loans to brokers and dealers for purchasing or carrying securities Other loans for purchasing or carrying securities Real estate loans Loans to banks Other loans i[in millions of dollars) 76,017 39,685 40,295 22,965 +208 +U22 +k23 -118 +1,727 +k,620 +k,672 +2,165 1,625 789 6,236 891 7,789 + 51 - 13 + 9 +517 - 23 - 17 + 119 + k76 + 386 +I,5k3 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 28,822 1,1*22 1,970 5,673 19,757 7,510 lk,k71 92k 2,379 -218 - 88 + 9 - 27 -112 + u -107 - 53 + Ik -3,213 -2,110 -1,823 - 310 +1,030 + 320 - 635 + ko + k6 LIABILITIES Demand deposits adjusted Time deposits except Government U. S* Government deposits Interbank demand deposits: Domestic banks Foreign banks Borrowings 53,08k 18,305 2,213 9,766 1,36k l,0k8 -262 + 25 +k95 - 86 + 88 -210 + 203 +1,320 -l,k31 + 307 + 82 + 2k9 ASSETS AIID LIABILIT H.A.2(a) Total All Boston New Districts York ASSETS Loans and investments - total Loans - net# Commercial, industrial, and agr'l loans Loans to brokers and dealers for purchasing or carrying securities Other loans for purchasing or carrying securities Real estate loans Loans to banks Other loans 76,017 3,454 23,517 39,685 1,856 13,871 22,965 1,128 9,029 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 Other assets - net LIABILITIES Demand deposits adjusted Time deposits except Government U. S. Government deposits Interbank demand deposits: Domestic banks Foreign banks Borrowings Other liabilities CAPITAL ACCOUNTS 1953 F e d e r a ]L R e s e r v e D i s t r i c t San Phila- Cleve- Rich- Atlanta Chicago St. Minne- Kansas delphia land mond Louis apolis City Dallas Francisco (in millions of dollars) 2,982 5,506 3,058 2,870 1,631 2,549 1,392 1,229 702 911 1,527 644 1,625 19 1,265 44 52 13 18 146 13 2 12 11 30 789 6,236 891 7,789 29 299 18 397 291 820 661 2,026 22 147 20 519 68 474 1 477 77 260 15 399 37 91 10 393 109 531 53 748 19 254 28 343 10 132 24 184 13 292 71 134 22 394 32 2,910 50 1,619 28,822 1,266 1,422 41 65 1,970 148 5,673 19,757 1,012 7,510 332 584 14»471 66 924 100 2,379 1,529 94 7,302 254 219 1,185 5,644 2,344 5,260 202 151 589 978 2,433 1,437 1,383 123 143 19 95 286 172 121 50 285 578 130 344 936 724 779 1,446 258 229 524 373 925 548 497 533 78 46 95 47 221 171 111 156 60 60 91 59 5,131 166 361 1,221 3,383 1,042 2,220 119 295 109 927 64 105 189 569 194 460 35 128 33 505 1,485 1,097 280 11 91 186 115 35 182 320 122 709 699 337 191 325 153 565 217 604 38 15 45 406 317 71 88 18 43 4,878 135 255 969 3,519 1,545 2,058 138 252 285 53,084 2,759 17,540 18,305 574 3,265 722 113 2,213 2,307 3,793 2,334 2,166 569 462 1,577 644 60 130 175 95 7,085 1,600 2,971 492 64 393 834 2,221 2,445 260 548 497 68 79 48 8,000 6,446 266 722 10 23 46 312 514 115 70 491 1,036 9,766 1,364 1,048 2,147 7,393 289 31 49 85 398 2,892 1,122 315 1,106 2,757 396 15 63 43 352 487 7 101 74 559 415 7 70 43 271 # Individual loan items are reported gross, i.e., before deduction of valuation reserves 10,484 2,440 1,306 3,125 3,070 14,205 648 1,315 1,782 7,782 4,311 1,319 802 1,169 3,238 679 2,805 331 561 9 43 44 242 1,609 41 146 122 860 615 3 61 36 225 — 182 299 2 41 26 117 967 2 66 31 264
@FedFRASER