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BOARD OF GOVERNORS OF THE FEDEL/'L KK-ER>/E SYSTIM May 31, 1956 (For Immediate Release) CONDITION OF TJEEKIY REPORTING MEMBER BANKS IN LEADING ;ITIES The condition statement of weekly reporting member banks in leading c i t i e s shows the following principal changes for the week ended May 23? Decreases of 0205 million in holdings of United States Government securities and $601 million in demand deposits credited to domestic banks, and an increase of $445 million in demand deposits adjusted. Commercial and industrial loans decreased in a l l but one d i s t r i c t and a t o t a l of $111 million at a l l reporting member banksj the principal changes were decreases of $60 million in New York City, $11* million in the Chicago D i s t r i c t , and $12 million each in the Cleveland and Atlanta Districts, and an increase of $12 million in the San Francisco D i s t r i c t . Changes according to industry appear in another press release. Loans to brokers and dealers for purchasing or carrying United States Government and other securities increased $129 million. "Other" loans increased $33 million. Holdings of Treasuiy b i l l s decreased $83 million in New York City and a t o t a l of $102 million at a l l reporting member banks. Holdings of Treasury c e r t i f i c a t e s of indebtedness decreased $29 million, Treasury notes $1*1 million, and United States Government bonds $33 million, Demand deposits adjusted increased $373 million in New York City, $106 million in Chicago, and $80 million in the Cleveland District, but they decreased $114 million in the San Francisco D i s t r i c t , Time deposits increased $49 million. Borrowings from Federal Reserve Banks increased $34 million and borrowings from others increased $138 million. Loans to banks increased $126 million. H.4,2 ASSETS Loans and investments adjusted l / Loans adjusted 1 / "~ Commercial an3 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 c e r t i f i c a t e s of indebtedness Treasury notes U. S. bonds Other securities Increase or May decrease since 23, May 16, I May 25, 1956 1956 1 1955 (in millions of dollars) 85,115 50,213 27,615 478 2,492 1,230 8,k9k 10,713 26,877 634 9x9 6,080 19,614 7,995 -126 + 76 -111) + 1) +129 + 2 + 23 + 33 -205 -102 - 29 —• id - 33 + 3 + 835 +7,980 2/ +5,452 - 194 + 149 2/ + 808 ? / +1,903 -6,419 - 542 - 665 -3,302 -1,910 - 726 Loans to banks +126 1,307 + 257 Reserves with Federal Reserve Banks 13,197 - 7 - 474 Cash in vault 966 + k9 + 3 Balances with domestic banks 8 -196 2,359 L I A B I L I T I ES Demand deposits adjusted +445 55,M 993 Time deposits except U. S. Government + 21,687 + 49 175 U. S. Government deposits + 400 3,974 - 51 Interbank demand deposits: Domestic banks -801 9,561 64 Foreign banks + 10 1,522 - It Borrowings: From Federal Reserve Banks + 271 590 + 3k From others + 208 982 +138 1/ Exclusive of loans to banks and after deduction of valuation reserves, individual loan items are shown gross. 2/ October 5> 1955 reclassification increased commercial and industrial loans $318 million and decreased real estate loans and "other" loans $294 and $25 mill i o n s , respectively. H.4.2(a) ASSETS AND LIABILITIES OF WEEKLY REPORTING MEMBER BANKS IN LEADING CITIES, MAY 23, 1956 R e s e r v e Di s t r i c t F e d e r a 1 Total New Cleve- RichSt. Minne- Kansas San PhilaAll Boston mond Atlanta Chicago Louis apolis City Dallas Francisco land York delphia Districts (In millions of do]Liars) ASSETS 3,810 25,429 3,302 6,083 85,U5 3,371 3,306 11,697 2,710 1,471 3,366 3,792 16,778 Loans and investments adjusted l / 864 1,769 2,446 2,428 16,295 2,273 3,267 50,243 1,793 1,745 5,965 1,599 9,799 Loans adjusted l / 446 828 802 1,472 10,274 1,193 1,615 3,693 927 1,507 27,615 3,905 Commercial and industrial loans 953 16 28 242 21 1 22 10 12 1 11 105 478 9 Agricultural loans Loans to brokers and dealers for 28 1,828 26 222 22 36 129 78 30 23 2,492 65 5 purchasing or carrying s e c u r i t i e s Other loans for purchasing or carrying 48 24 128 142 28 178 1,280 29 521 13 57 53 59 securities 286 211 L6L 782 3,782 229 171 8,494 278 734 1,173 354 333 Real e s t a t e loans 463 1,870 564 580 564 1,189 225 425 782 705 10,743 583 2,793 Other loans 448 1,245 1,106 883 U. S. Government s e c u r i t i e s - t o t a l 6,832 4,510 1,042 1,311 1,248 5,307 26,877 739 2,206 66 18 10 6 78 34 634 23 33 37 3 33 293 Treasury b i l l s 10 102 16 61 29 32 94 23 51 39 549 57 Treasury c e r t i f i c a t e s of indebtedness 35 286 422 24i 224 1,211 6,080 1,182 138 607 1,123 341 127 178 Treasury notes 810 308 3,260 568 3,961 794 823 738 1,519 19,614 5,263 U. S. bonds 975 595 228 240 610 1,222 1,672 267 2,302 290 340 352 313 159 Other s e c u r i t i e s 7,995 6 46 16 18 20 289 18 28 803 43 17 3 1,307 Loans to banks 498 2,095 417 4,504 926 514 191 536 499 1,951 531 Reserves with Federal Reserve Banks 13,197 535 46 42 100 16 66 210 36 156 78 52 117 47 966 Cash in vault 268 142 130 296 417 243 181 158 271 67 101 85 Balances with domestic banks 2,359 46 26 2,028 132 832 94 74 135 375 73 53 Other a s s e t s - net 95 93 L I A B I L I T I E S Demand deposits adjusted 2,485 2,361 2,867 17,723 2,362 4,000 7,259 1,691 55,444 Time deposits except U. S. Government 636 624 496 1,751 21,687 4,355 733 3,186 567 U. S. Government deposits 324 169 125 133 731 1,260 191 190 3,974 Interbank demand deposits: 403 483 617 2,849 1,529 595 Domestic banks 391 319 9,561 8 4 10 11 50 1,189 19 Foreign banks 1,522 33 Borrowings: 68 21 25 107 31 18 29 55 From Federal Reserve Banks 590 8 25 11 50 150 70 4l From others 982 315 43 50 91 54 69 157 2,456 1,176 Other l i a b i l i t i e s 99 274 648 1,045 310 442 CAPITAL ACCOUNTS 392 3,063 335 8,756 Vf Exclusive of loans to banks and a f t e r deduction of valuation r e s e r v e s ; i n d i v i d u a l loan items are shown gross. 854 289 68 2,319 565 139 2,610 849 140 8,913 7,636 504 287 3 818 2 781 16 489 177 73 29 29 142 84 3 39 335 51 10 56 419 28 270 593 1,351
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