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H.l*.2 BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM (For Immediate Release) May 29, 1957 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 22: Decreases of $208 million in loans adjusted, #10% million in holdings of U. S. Government securities, $190 million in reserve balances with Federal Reserve Banks, $167 million in balances with domestic banks, and $811 million in demand deposits credited to domestic banks. Commercial and industrial loans decreased $128 million in New York City, |27 million in the Chicago District, $25 million in the St. Louis District, $18 million in the Boston District, $11 million in the Richmond District, $10 million in the San Francisco District, and a total of $21*1 million at a l l reporting member banks. Changes according to industry appear in another press release. Loans to brokers and dealers for purchasing or carrying TJ. S. Government and other securities increased $39 million. Holdings of Treasury b i l l s decreased $1*1 million in New York City, and increased $81*. million in the New York District outside of New York City; there was a net decrease of $17 million at a l l reporting member banks. Holdings of Treasury notes decreased $83 million. Holdings of "other" securities increased $36 million. Demand deposits adjusted increased $106 million in the New York District, $69 million in the Chicago District, and $32 million in the Boston District, but they decreased $167 million in the San Francisco District and $31 million in the Kansas City District} there was a net increase of $9l* million at all reporting member banks. Time deposits increased $80 million. Borrowings from Federal Reserve Banks increased $3 million and borrowings from others increased $1*1* million. Loans to banks increased $80 million. A summary of assets and l i a b i l i t i e s of reporting member banks follows: Increase- or decrease since May 23, May 15, 1956 1957 in millions of dollars) ASSETS Loans and investments adjusted 1/ Loans adjusted V 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 U. S. Government securities - total Treasury b i l l s 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 LIABILITIES 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 85,626 52,926 30,906 1*22 -279 -208 -21*1 1,706 1,1^6 8,66b 11,121 25, 111* 850 1,615 It, 21*6 18,1*03 7,586 1,328 13,198 966 2,31*5 + + - 17 - 5 - 83 - 2 + 36 + 80 -190 + 37 -167 55,151 23,356 2,513 9,71*8 1,626 535 958 + 9U + 80 + 6 -811 + 1*7 + 3 + 1*1* — 39 3 5 1* -107 + 511 +2,683 +3,291 56 - 786 - 121* + 170 + 378 -1,763 + 216 +1,066 -1,81*9 -1,196 - 1*09 + 21 + 1 - ll* - 293 +1,669 -1,1*61 + 187 + 101* 55 2l* 1/ Exclusive of loans to banks and after deduction of valuation reserves; individual loan items are shown gross. E.4.2W ASSETS ASSETS AMD LIABTT.TTIES OF WEEKLY REPORTING MEMBER BANKS IN LEADING CITIES, MY 22, 1957 F e d e r a l R e s e r v e D i s t r i c t Total San P h i l a - Cleve- Rich- Atlanta Chicago S t . Minne- Kansas Dallas New All Francisco Louis apolis City mond land D i s t r i c t s Boston York delphia (In millions of d o l l a r s ) 3,420 3,811 25,540 3,253 6,198 85,626 Loans and investments adjusted 1/ 1,864 3,591 2,255 17,173 2,525 52,926 Loans a d j u s t e d 1/ 891 1,859 Commercial and i n d u s t r i a l loans 30,906 1,527 12,237 1,226 8 2 2 12 12 422 A g r i c u l t u r a l loans Loans t o brokers and dealers f o r 40 1,044 130 51 1,706 25 purchasing or carrying s e c u r i t i e s Other loans f o r purchasing or carrying 143 43 4ll 20 36 1,156 securities 200 8,664 778 334 1,151 367 Real e s t a t e loans 801 580 742 11,121 631 2,703 Other loans 2,010 1,291 750 25,114 932 6,271 U. S. Government s e c u r i t i e s - t o t a l 40 10 38 8 364 850 Treasury b i l l s 284 154 91 74 1,615 51 Treasury c e r t i f i c a t e s of indebtedness 208 884 476 91 4,246 149 Treasury notes 1,342 952 18,403 724 4,739 575 U. S. Bonds 248 265 597 7,586 354 2,096 Other s e c u r i t i e s 20 62 18 807 1,328 37 Loans t o banks 487 492 949 13,198 , 4,575 527 Reserves with Federal Reserve Banks 81 212 64 92 49 966 Cash in v a u l t 81 174 145 87 2,345 155 Balances with domestic banks 104 78 1,106 106 2,452 97 Other a s s e t s - net L I A B I L I T I E S 2,496 4,149 2,925 17,435 2,334 55,151 Demand deposits adjusted 1,819 606 500 4,874 755 23,356 Time deposits except U. S. Government 126 112 198 128 746 2,513 U. S. Government deposits Interbank demand deposits: 406 407 479 306 2,929 9,748 Domestic banks 8 24 23 1,626 1,337 9 Foreign banks Borrowings: 22 40 34 14 27 535 From Federal Reserve Banks 40 60 409 49 93 958 From others 56 118 105 1,451 73 2,839 Other l i a b i l i t i e s 462 3,187 409 350 697 9,189 CAPITAL ACCOUNTS 1/ Exclusive of loans to banks and a f t e r deduction of valuation r e s e r v e s ; individual loan 3,353 1,865 1,026 9 11,684 2,66l 6,499 1,594 4,098 805 11 14 1,482 915 483 16 3,331 1,760 918 92 3,816 2,401 1,458 23 17,077 10,484 4,378 221 5 35 23 89 40 199 25 51 173 600 1,186 42 126 259 759 302 17 477 52 256 74 182 800 1,360 4,040 70 150 659 3,l6l 1,145 85 1,884 117 242 140 24 279 473 841 23 71 193 554 226 18 4ll 37 141 41 26 7 283 177 242 430 4l4 1,226 74 7 65 23 308 96 288 779 345 153 12 2 514 170 43 15 66 320 29 57 149 191 599 1,158 49 118 172 819 257 34 557 46 456 157 64 3,931 1,960 4,995 125 408 751 3,711 1,598 216 2,155 158 222 463 2,279 761 85 7,245 3,280 439 1,645 591 81 833 2,284 627 318 92 47 2,627 959 91 8,899 8,266 368 64l 13 1,560 46 622 5 293 4 810 2 811 18 484 137 16 4l 145 148 18 15 46 60 174 288 1,115 331 items are shown gross 64 24 33 148 66 1 4l 354 39 6 70 445 27 95 612 1,403
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