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BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM ( F o r Immediate R e l e a s e ) H.l*.2 May 28, I9U6 CONDITION OF TfflBEKLY REPORTING MEMBER BANKS IN LEADING 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 101 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 2 2 ; An i n c r e a s e of $ 3 7 9 , 0 0 0 , 0 0 0 i n demand d e p o s i t s a d j u s t e d , and d e c r e a s e s of $ 2 5 5 , 0 0 0 , 0 0 0 i n U n i t e d S t a t e s Government d e p o s i t s and $29!*,000,000 i n 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 b a n k s . Commercial, i n d u s t r i a l , and a g r i c u l t u r a l l o a n s i n c r e a s e d $ 1 6 , 0 0 0 , 0 0 0 i n t h e Chicago D i s t r i c t and d e c l i n e d $ 1 5 , 0 0 0 , 0 0 0 i n New York C i t y ; a t a l l r e p o r t i n g member banks t h e r e was a n e t i n c r e a s e of $ 6 , 0 0 0 , 0 0 0 . 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 U n i t e d S t a t e s Government o b l i g a t i o n s d e c l i n e d $1*8,000,000 and o t h e r l o a n s f o r t h e same p u r p o s e d e c l i n e d $ 3 1 , 0 0 0 , 0 0 0 ^ t h e s e d e c r e a s e s were l a r g e l y i n New York C i t y , Holdings o f T r e a s u r y b i l l s i n c r e a s e d $@1,000,000 i n New York C i t y and $14.2,000,000 a t a l l r e p o r t i n g member b a n k s , and d e c l i n e d $21*,000,000 i n t h e Richmond D i s t r i c t . Holdings of 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 i n c r e a s e d $ 8 6 , 0 0 0 , 0 0 0 i n New York C i t y , $ 3 6 , 0 0 0 , 0 0 0 i n t h e Chicago D i s t r i c t , and $8l*,000,000 a t a l l r e p o r t i n g member b a n k s . Holdings of T r e a s u r y n o t e s d e c l i n e d $ 5 9 , 0 0 0 , 0 0 0 i n New York C i t y , $33*000,000 i n t h e Chicago D i s t r i c t , and a t o t a l of $7!*,000,000. Holdings of United S t a t e s Government bonds i n c r e a s e d $ 2 ^ , 0 0 0 , 0 0 0 i n New York C i t y , $ 1 6 , 0 0 0 , 0 0 0 i n t h e San F r a n c i s c o D i s t r i c t , and $1*2,000,000 a t a l l r e p o r t i n g member b a n k s . Demand d e p o s i t s a d j u s t e d i n c r e a s e d $261*, 000,000 i n New York C i t y , $ 5 2 , 0 0 0 , 0 0 0 i n t h e C l e v e l a n d D i s t r i c t , and $379*000,000 a t a l l r e p o r t i n g member b a n k s . Both United S t a t e s Government d e p o s i t s and d e p o s i t s c r e d i t e d t o domestic banks d e c l i n e d in a l l d i s t r i c t s . Borrowings of r e p o r t i n g member banks i n c r e a s e d $1*5,000,000. A summary of t h e 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 $ A S S E T S Loans and I n v e s t m e n t s - t o t a l Loans - t o t a l C o m m e r c i a l , i n d u s t r i a l , and a g r i c u l t u r a l l o a n s Loans t o b r o k e r s and d e a l e r s f o r purchasing or c a r r y i n g : U, S. Government o b l i g a t i o n s Other 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 ; U. S. Government o b l i g a t i o n s Other s e c u r i t i e s Real e s t a t e l o a n s Loans t o banks Other l o a n s 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 O b l i g a t i o n s g u a r a n t e e d b y U. S. Government Other s e c u r i t i e s I n c r e a s e or May decrease since 22, May 15, May 23, 191*6 191*6 19l*5 ( I n m i l l i o n s of d o l l a r s ) + +6,678 6k,160 89 +3,266 lb,812 3 + +1,677 6 7,467 1,291* 718 - 1,671 1*57 1,221 91 1,893 1,262 10,1*1*5 6,782 27,1*69 7 3,383 - + + + + + + - + - 38,727 9,91k 11,716 9,275 1,252 122 + + D e b i t s t o demand d e p o s i t a c c o u n t s , e x c e p t i n t e r b a n k and U. S. Govt, a c c o u n t s , d u r i n g week 15,276 31 15 7 26 19 1*2 81* + 1,090 + 95 + 175 9 + 50l* + 1*1* - 329 - 575 +1*,260 - 332 + 31*1* Ih 1*2 2 2,118 57h - — Reserve 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 d o m e s t i c banks 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 Time d e p o s i t s U. S. Government d e p o s i t s I n t e r b a n k d e p o s i t s ; Domestic banks F o r e i g n banks Borrowings 9,978 1*8 3 - + - 67 16 136 - 379 19 255 29I* -1,789 +1,507 +6,329 + 79 + 235 - 513 — + 152 Ill* 1*5 238 31 5 ASSETS AND LIABILITIES OF REPORTING MEMBER BAMS IN 101 LEADING CITIES, MA.Y 22, I9I+6 R e s e r v e Di s F e d e r a l Total New P h i l a - Cleve- Rich- A t l a n t a Chicago " S t l All Boston Louis York delp&ia land mond districts ( I n m i l l i o n s of d o l l a r s ) A S S E T S 2,097 5,169 2,156 2,211+ 9,312 2,607 21+,269 3,228 61+,160 Loans and investments - t o t a l 586 I+96 l,8l+l 1+03 6,270 lb,812 829 575 1,128 Loans - t o t a l 181 235 1,025 309 1+63 275 Commercial, i n d u s t r i a l , & a g r ' 1 loans 3,065 7,1+67 1+99 Loans t o brokers 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 : 1 119 10 3 51+ U. S. Government o b l i g a t i o n s 1,023 3 1,291+ 1+5 10 21 57 32 9 7 500 Other s e c u r i t i e s 718 33 Other loans f o r p u r c h a s i n g or c a r r y i n g : 222 203 115 57 63 608 52 U. S. Government o b l i g a t i o n s I,671 38 16 10 7.1 11+ 10 236 Other s e c u r i t i e s 9 17 1+57 28 78 I89 1+1 56 1,221 175 158 Real e s t a t e loans 75 1 3 2 3 71+ 9. 5 Loans t o banks 91 i l l 82 162 • 177 151+ 606 9h 132 Other loans 1,893 1+2 201 1+6 29 1+3 1,262 Treasury b i l l s 507 77 55 21+0 2,131+ 1+21 1+72 861 T r e a s u r y c e r t i f i c a t e s of indebtedness 3,071 1+08 295 10,14-1+5 221 259 191 956 562 Treasury notes 289 2,356 6,782 339 1,028 3,608 833 2,281+ 819 U. S. bonds 10,937 1,179 27,169 i , 5 H — 2 1 O b l i g a t i o n s guaranteed b y U. S. Government l 7 137 81+ 158 571 291 Other s e c u r i t i e s 1,127 192 86 3,383 361+ 1,392 336 31+1 1+17 Reserve w i t h Federal Reserve Banks 71+9 1+62 3,880 9,978 22 29 91 122 Cash i n v a u l t 39 75 571+ 33 59 109 11+7 387 116 81+ 133 Balances w i t h domestic banks 2,118 193 107 23 83 37 76 Other a s s e t s - n e t 50 79 1,1+1+6 71 358 L I A B I L I T I E S 1,130 Demand d e p o s i t s a d j u s t e d 15,1+65 1,775 3,01+2 1,355 1,363 5,335 38,727 2,170 1 + 1 + 2 361 1,927 21+1 1,312 367 Time d e p o s i t s l,89l+ 1+50 9,9114366 383 81+5 l+,686 339 1,690 U. S. Government d e p o s i t s 525 652 II,716 562 1+91 1,602 371+ 1+98 I n t e r b a n k d e p o s i t s t Domestic banks 3,013 350 297 9,275 6 27 8 11 1+ 1,111 Foreign banks 9 1,252 25 11 20 2 28 17 122 Borrowings 5 33 3 11+ 16 1+1+ 56 21+ 1+17 2,11+2 97 Other l i a b i l i t i e s 35 608 137 11+2 129 260 2,126 1+89 CAPITAL ACCOUNTS 5,128 295 H.l+.2(a) Debits t o demand d e p o s i t a c c o u n t s , except i n t e r b a n k and U.S.Govt, accounts —* mm 15,276 705 7,305 601 . t r i c t Minne- Kansas D a l l a s San Francisco a p o l i s City1,316 235 108 1+27 1+33 2,099 1+06 7,321 1,31+2 32 32 l 1+ 2 6 1 7 31 1+ 31 1+2 9 1+6 115 29 1+0 661 61 200 11 88 17 162 I+31 22 261+ 22 69 397 21+ 225 31+ 125 32 301+ 1 155 123 1,1+33 903 3,072 3 1+1+5 1,009 1+7 265 596 • 723 221 268 319 2 1,1+69 306 372 803 3,1+73 2,090 1,233 I+29 1+7 l 1,1+09 556 - » — 56 6 188 11+7 679 78 77 1+93 31+1+ 872 86 56 1+29 215 61+7 —— m we 838 2,371+ 2,097 681 1+26 i+03 21+3 10 89 1 10 152 1,1+27 303 352 537 2 1 10 il+5 266 1+31 I+51 - - —