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BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM H.b.2 (For Immediate Release) Hay it, 19h9 CONDITION OF WEEKLY REPORTING MEMBER BANKS IN LEADING CITIES The condition statement of weekly reporting member banks in leading c i t i e s shows the following p r i n c i p a l changes f o r the week ended April 27: Decreases of Slit2,000,000 in commercial, i n d u s t r i a l , and a g r i c u l t u r a l loans, 000,000 in reserve balances with Federal Reserve Banks, $238,000,000 in United States Government deposits, $311,000,000 in demand deposits credited to domestic banks, and $168,000,000 in borrowings, and an increase of $Ul8,000,000 in demand deposits adjusted. Commercial, i n d u s t r i a l , and a g r i c u l t u r a l loans decreased in most of the d i s t r i c t s ; the p r i n c i p a l decreases were $71,000,000 in New York City, $19,000,000 in the San Francisco D i s t r i c t , $15,000,000 in Chicago, and $10,000,000 in the Cleveland D i s t r i c t . Loans to banks increased $38,000,000. Holdings of Treasury b i l l s increased $180,000,000 in New York City and a t o t a l of $161,000,000 a t a l l reporting member banks. Holdings of Treasury c e r t i f i c a t e s of indebtedness increased $7,000,000. Holdings of Treasury notes decreased $17,000,000. Holdings of United States Government bonds increased $21,000,000 in the Philadelphia D i s t r i c t and a t o t a l of $35,000,000 at a l l reporting member banks. Demand deposits adjusted increased in nearly a l l d i s t r i c t s ; the p r i n c i p a l i n creases were $150,000,000 in New York City, $105,000,000 in the Chicago D i s t r i c t , $U7,000,000 in the Cleveland D i s t r i c t , and $^2,000,000 in the San Francisco Dist r i c t . United States Government deposits decreased $62,000,000 in New York City, $U3,000,000 in the Chicago D i s t r i c t , and by smaller amounts in the other d i s t r i c t s . Demand deposits credited to domestic banks decreased in a l l d i s t r i c t s . Borrowings decreased $l8b,000,000 in New York City, $30,000,000 in the Cleveland D i s t r i c t and a t o t a l of $168,000,000 at a l l reporting member banks. A summary of the a s s e t s and l i a b i l i t i e s of reporting member banks follows$ Increase or decrease since Apr. 28, Apr* 20, 19h9 19U8 19k9* (In millions of dollars) + U8 -1,625 61,315 - 13l + 850 21;, 010 + 986 2b,311 13b . 1L2 lU,162 91 April 27, ASSETS Loans and investments - t o t a l Loans - net Loans - gross# Commercial, i n d u s t r i a l , and a g r i c u l t u r a l loans Loans to brokers and dealers f o r purchasing or carrying: U. S. Government obligations Other s e c u r i t i e s Other loans f o r purchasing or carryingt U. S. Government obligations Other s e c u r i t i e s Real e s t a t e loans Loans to banks Other loans U. S. Government s e c u r i t i e s - t o t a l 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 s e c u r i t i e s Reserve with Federal Reserve Banks Cash in vault Balances with domestic banks L I A B I L I T I E S Demand deposits adjusted Time deposits except Govt, U. S. Government deposits Interbank demand deposits: Domestic banks Foreign banks Borrowings Debits to demand deposit accounts, except interbank and U. S. Govt, accounts, during week #See footnote on following page. *April 20 f i g u r e s revised (San Francisco D i s t r i c t ) 7U8 580 + 53 10 199 U18 1,078 263 3,863 + 9 32,951 1,827 a, 712 95b 25,458 U,35U 4+ + 13,919 797 2,009 16,175 15,189 1,279 7,781 1,368 253 - - 8 mmmm + + 38 12 186 161 7 17 + 35 — - + - k 3hh 22 9 + U18 + 17 - - 238 311 13 168 + 361 + 158 + + + 81 52 396 73 222 -2,52b - 392 + 873 -1,1x66 -1,539 + U9 +1,371 2 - 172 - 196 + a s - 106 - 583 + 58 + 112 20,091 (Revised f i g u r e previous week 21,021) AA ASSETS AND LIABILITIES Total All rH s+.rlnts A S S E T S Loans and investments — total Loans - net# Commercial, industrial, & agr'l loans Loans to brokers and dealers for purchasing or carrying: U . S . Government obligations Other securities Other loans for purchasing or carrying: U. S. Government obligations Other securities Real estate loans Loans to banks Other loans Boston D i s t r i c t R e s e i> v e F e d e r al 1 San Minne- Kansas Dallas New Phila- Cleve- ^Ich-(Atlanta Chicago ' S t . Francisco Louis apolis City York delphia land mond I 61,315 24,010 14,162 2,785 1,031 649 20,134 8,216 5,419 2,507 901 509 4,257 1,446 871 748 530 15 10 710 424 1 21 199 418 4,078 263 3,863 11 16 132 22 195 54 174 402 196 948 U. S, Government securities-total Treasury bills Treasury certificates of indebtedness Treasury notes U. S. bonds Other securities 32,951 1,827 4,712 954 25,458 4,354 1,613 73 249 41 1,250 141 Reserve 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 Gov*t U. S. Government deposits Interbank demand deposits Domestic banks Foreign banks Borrowings Other liabilities CAPITAL ACCOUNTS 13,919 797 2,009 1,136 Debits to demand deposit accounts, except interbank and U . S . Govt, accounts #See footnote on. previous .page. 2,218 1,054 729 2,031 930 538 1,114 428 236 1 4 2 4 6 7 5 64 13 38 87 120 6 12 129 1 163 191 12 29 2,138 4 723 966 34 168 46 718 135 599 14 126 14 445 87 1,247 102 277 72 796 207 1,045 36 249 40 720 119 5,082 144 959 149 3,830 766 1,968 101 320 86 426 29 106 24 230 13 75 15 528 32 250 26 518 36 248 50 1,937 122 265 203 1,755 538 38 441 13 4 25 187 6,000 2,579 282 1,232 54 14 66 702 1,362 482 42 519 3 14 17 177 819 255 26 231 2 1 14 99 1,816 384 50 682 1 7 12 197 1,904 442 40 457 5 6 15 201 6,557 5,198 173 406 76 19 143 748 611 2,798 544 332 690 600 2,419 2,455 837 394 2,254 819 517 8,454 2,544 1,671 8 17 7 6 4 7 91 3 275 32 21 275 1 238 13 20 193 2 216 15 27 68 5 192 22 57 337 28 390 10 12 162 1 212 10,652 835 1,208 139 8,470 1,266 1,306 70 126 26 1,084 300 2,471 98 235 HI 2,027 340 1,486 48 171 43 1,224 132 1,246 54 258 37 897 189 5,238 319 686 236 3,997 672 556 57 88 77 5,413 170 111 440 513 43 95 54 826 86 144 64 509 65 147 48 495 43 160 49 46,175 15,189 1,279 7,781 1,368 253 1,047 6,084 2*358 478 54 263 30 7 51 322 16,602 2,391 352 2,540 1,162 140 625 2,456 2,045 453 52 304 11 13 25 309 2,969 1,392 107 394 5 9 38 463 1,988 597 63 312 6 19 16 223 20,091 870 8,706 769 1,071 681 9 60 - 2,313 859 549 — r - , — 10,793 4,945 2,080 4 19