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H.4.2 BOARD OF GOVERNORS OP THE FEDERAL RESERVE SYSTEM (For Immediate Release) May 28, 1958 CONDITION OF WEEKLY REPORTING MEMBER BANKS IN LEADING CITIES The condition statement of weekly reporting member banks in leading cities iJ? r Of $345 million in holdings of U. S. Government securities and |>486 million in u s . Government deposits; and a decrease of $709 million in demand deposits credited to Commercial and industrial loans decreased in most districts and a total of $168 million at all reporting member banks; the principal decreases were #55 million in New York City, $50 million in Chicago, and $21 million in the Boston District. Changes according to industry appear in another press release. Loans to brokers and dealers for purchasing or carrying U. S. Government and other securities decreased $190 million, "Other" loans decreased $39 million. Holdings of all categories of U.S. Government securities increased: Treasury bills by $68 million, Treasury certificates of indebtedness $93 million, Treasury notes $32 million, and U. S. Government bonds by $152 million. r>. , . . Demand deposits adjusted decreased $101 million in the San Francisco District and $57 million in the Boston District, but they increased $59 million in the Chicago District, $54 million in the New York District, and $45 million in the Kansas City District; there was a net decrease of $35 million at all reporting member banks. Time deposits increased $115 million of which $28 million was in the Dallas District, Borrowings from other than Federal Reserve Banks increased $235 million. Loans to banks increased $201 million, A summary of assets and liabilities of reporting member banks follows: Increase or decrease since May 22, May 14, May 21, 1958 mi „ , vm- (In millions of dollars) A S S E T S 1/ + 190 + 361 4 26 39 + + 146 136 30 - 1,302 8,800 11,091 + + U.S. Government securities - total Treasury bills Treasury certificates of indebtedness Treasury notes U.S. bonds Other securities Loans to banks Reserves with Federal Reserve Banks Cash in vault Balances with domestic banks 30,856 1,887 1,318 7,180 20,471 8,918 1,561 12,879 964 2,683 + + + + + + 2,067 + + 91,803 52,029 29,455 473 - + + - + 6,177 897 1,451 51 18 366 168 3 Loans and investments adjusted Loans adjusted l/ Commercial and industrial loans Agricultural loans Loans to brokers and dealers for purchasing or carrying securities Other loans for purchasing or carrying securities Real estate loans Other loans 345 68 93 32 152 39 201 24 30 106 — - — + + - + + + + + 5,742 1,037 297 2,934 2,068 1,332 233 319 2 338 L I A B I L I T I E 35 Demand deposits adjusted 54,671 + + 115 Time deposits except U.S. Government 27,634 + + 486 U.S. Government deposits 4,060 + 709 Interbank demand deposits: Domestic banks 10,770 Foreign banks 1,518 50 16 Borrowings: From Federal Reserve Banks 40 From others 883 235 ][7 Exclusive of loans to banks and after deduction of valuation reserves; loan itms are shown gross. 480 4,278 1,547 1,022 108 495 75 individual H.4.2(a) ASSETS AND LIABILITIES OF WEEKLY REPORTING MEMBER BANKS IN LEADING CITIES, MAY 21, 1958 R e s e r v e D i s t r i c t F e d e r a 1 Total St. Minne- Kansas San Cleve- Rich- Atlanta Chicago PhilaNew All Dallas Boston Francisco Louis apolis City land mond delphia York Districts (In millions of dollars) A S S E T S 12,029 2,866 1,530 3,514 4,223 18,655 6,445 4,001 28,015 3,386 3,594 3,545 91,803 Loans and investments adjusted l/ 6,072 1,593 1,892 2,428 2,121 1,914 879 1,853 2,532 10,500 3,452 52,029 16,793 Loans adjusted 1/ 1,020 443 889 4,343 11,600 932 1,500 1,087 765 1,730 3,707 Commercial and industrial loans 1,439 29,455 12 12 125 10 1 2 29 239 12 15 9 Agricultural loans 473 7 Loans to brokers and dealers for 110 30 122 203 69 36 90 2,067 purchasing or carrying securities 59 31 5 1,279 33 Other loans for purchasing or carrying 8 180 101 126 238 30 14 51 431 51 35 1,302 securities 37 286 211 181 832 185 276 212 8,800 368 3,935 365 794 Real estate loans 1,155 444 238 602 469 627 634 1,249 628 1,953 762 2,742 743 11,091 Other loans U. S. Government securities - total Treasury bills Treasury certificates of indebtedness Treasury notes U, S. bonds Other securities "Loans to banks Reserves with Federal Reserve Banks Cash in vault .Balances with domestic banks Other assets - net 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: From Federal Reserve Banks From others Other liabilities C A P I T A L A C C O U N T S 30,856 1,887 1,318 7,180 20,471 8,918 1,561 12,879 964 2,683 2,875 1,203 75 64 351 713 370 39 521 61 85 125 54,671 27,634 4,o6o 2,885 663 201 10,770 1,518 360 27 40 883 3,300 9,889 1 77 143 475 926 62 63 234 567 339 35 503 50 79 102 2,368 39 146 764 1,419 625 8 884 101 172 109 1,386 60 60 259 1,007 294 34 486 81 193 91 17,242 2,269 689 6,425 1,424 175 4,032 1,965 275 2,531 2 , 2 5 8 885 907 178 131 448 21 503 9 433 8 719 12 69 127 1 13 67 363 5 19 72 359 8,577 902 288 1,918 5,469 2,645 995 4,297 207 152 1,334 3,116 1,224 «• 437 1,619 3,513 1 53 77 422 739 1,325 79 78 300 868 328 24 468 54 306 85 1,024 28 47 289 660 249 5 4l4 35 156 44 1,306 74 66 337 829 355 10 531 42 378 64 1,391 80 92 281 938 3Q0 10 580 48 538 157 238 2,153 158 240 532 7,176 1,648 648 3,530 621 133 857 359 75 2,337 694 143 2,612 1,249 149 8,824 9,620 555 1,773 42 694 4 331 4 905 2 945 17 543 148 3 90 222 1,203 4 29 54 306 4 14 38 165 13 19 46 380 8 20 71 485 %f Exclusive of loans to banks and after deduction of valuation reserves; individual loan items are shown gross. 6,107 290 249 1,244 4,324 2,048 485 17 20 120 328 166 8 187 15 71 36 4,758 181 145 1,083 3,349 1,199 155 1,855 112 313 196 -- 43 764 1,479