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BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM H.4.2 (For Immediate Release) May 6, 1959 CONDITION OF WEEKLY REPORTING MEMBER BANKS IN LEADING CITIES The condition statement of weekly r e p o r t i n g member banks i n leading c i t i e s shows t h e following p r i n c i p a l changes f o r t h e week ended April 29: An increase of $99 m i l l i o n in loans a d j u s t e d ; decreases of $364 m i l l i o n i n holdings of U. S. Government s e c u r i t i e s , $54 m i l l i o n i n demand d e p o s i t s a d j u s t e d , and $153 m i l l i o n i n demand d e p o s i t s c r e d i t e d t o domestic banks; and an increase of $437 m i l l i o n i n U. S. Government d e p o s i t s . Commercial and i n d u s t r i a l loans decreased $7 m i l l i o n a t a l l r e p o r t i n g member banks; t h e p r i n c i p a l changes were decreases of $13 m i l l i o n each i n Chicago and in t h e P h i l a d e l p h i a D i s t r i c t and $12 m i l l i o n in t h e Richmond D i s t r i c t , end an i n c r e a s e of $32 m i l l i o n i n t h e Boston D i s t r i c t . Changes according t o i n d u s t r y appear in another p r e s s r e l e a s e . "Other" loans increased $83 m i l l i o n . Holdings of U. S. Government s e c u r i t i e s decreased i n a l l c a t e g o r i e s f o r the t h i r d week: Treasury b i l l s by $96 m i l l i o n , Treasury c e r t i f i c a t e s of indebtedness $58 m i l l i o n , Treasury n o t e s $75 m i l l i o n , and U. S. Government bonds by $135 m i l l i o n . Demand d e p o s i t s a d j u s t e d decreased $192 m i l l i o n i n t h e San Francisco D i s t r i c t , $57 m i l l i o n i n t h e Kansas City D i s t r i c t , and $50 m i l l i o n i n t h e Richmond D i s t r i c t , but they increased $84 m i l l i o n in New York City and $56 m i l l i o n each in Chicago and in t h e P h i l a d e l p h i a D i s t r i c t . Time d e p o s i t s increased a n e t of $49 m i l l i o n and included an increase of $50 m i l l i o n i n d e p o s i t s of S t a t e s and p o l i t i c a l subdivisions i n t h e San Francisco D i s t r i c t . Borrowings of weekly r e p o r t i n g member banks from Federal Reserve Banks decreased $497 m i l l i o n and borrowings from o t h e r s increased $211 m i l l i o n . Loans t o banks increased $359 m i l l i o n . A summary of 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 follows: Increase or decrease since April 29, April 22, April 30, 1959 1958 1959 (In mi]Llions of dl o l l a r s ) ASSETS Loans and investments a d j u s t e d 1 / +2,183 94,666 251 + Loans a d j u s t e d 1 / +2,819 55,814 99 Commercial and i n d u s t r i a l loans 30,624 + 979 7 + A g r i c u l t u r a l loans + 144 606 8 Loans t o b r o k e r s and d e a l e r s f o r purchasing or carrying s e c u r i t i e s 2 2,198 - 551 Other loans f o r purchasing or carrying s e c u r i t i e s + 60 12 1,375 + Real e s t a t e loans +1,201 27 9,947 + Other loans +1,066 12,301 83 U. S. Government s e c u r i t i e s - t o t a l 29,276 364 -1,272 Treasury b i l l s - 114 2,032 96 Treasury c e r t i f i c a t e s of indebtedness 2,516 +1,347 58 Treasury n o t e s 17 7,057 75 U. S. bonds -2,488 17,671 135 + Other s e c u r i t i e s 14 + 636 9,576 + 359 Loans t o banks 1,808 + 307 Reserves with Federal Reserve Banks 12,879 278 - 103 + Cash i n v a u l t + 107 1,029 31 + Balances with domestic banks 264 2,434 53 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 +2,105 57,804 54 + Time d e p o s i t s except U. S. Government 28,488 +1,193 49 + 437 U. S. Government d e p o s i t s -1,107 2,976 ~ Interbank demand d e p o s i t s : Domestic banks 10,118 - 891 153 Foreign banks - 174 1,373 35 Borrowings: From Federal Reserve Banks + 281 344 497 + 211 From o t h e r s 1,326 + 555 1/ Exclusive of loans t o banks and a f t e r deduction of v a l u a t i o n r e s e r v e s ; individual loans items a r e shown g r o s s . • • • R.4.2(a) Total All Boston Districts New York F e d e r a l P h i l a - Clevedelphia land (In 6,402 3,440 3,662 2,256 1,194 1,777 1 3 R e s e r v e D i Rich- A t l a n t a Chicago mond m i l l i o n s of d o l l a r s ) 3,761 3,764 12,202 6,371 2,080 2,142 3,812 967 1,116 11 21 7 ASSETS 4,066 28,556 94,666 Loans and investments a d j u s t e d 1 / 2,582 17,427 55,814 Loans a d j u s t e d l / 30,624 1,515 11,401 Commercial and i n d u s t r i a l loans 606 13 9 A g r i c u l t u r a l loans Loans t o brokers and d e a l e r s f o r 32 125 2,198 33 purchasing o r c a r r y i n g s e c u r i t i e s 30 1,599 35 Other loans f o r purchasing o r c a r r y i n g 46 184 67 21 456 54 securities 1,375 224 407 1,362 837 233 Real e s t a t e loans 398 9,947 660 806 8l4 730 12,301 671 3,040 Other loans 2,108 1,361 1,296 872 1,072 7,941 U. S . Government s e c u r i t i e s - t o t a l 29,276 60 92 197 2,032 29 931 35 Treasury b i l l s 182 128 125 95 2,516 127 591 Treasury c e r t i f i c a t e s of indebtedness 243 218 615 273 2,251 307 Treasury n o t e s 7,057 4,168 491 1,171 779 609 933 17,671 U. S . bonds 326 320 632 412 3,188 312 Other s e c u r i t i e s 9,576 24 47 4o 138 1,808 960 55 Loans t o banks 474 946 491 473 4,279 12,879 Reserves with F e d e r a l Reserve Banks 533 80 106 58 223 1,029 63 Cash i n v a u l t 53 290 152 128 137 165 2,434 Balances w i t h domestic banks 79 100 112 87 106 128 1,227 Other a s s e t s - n e t 2,867 L I A B I L I T I E S 2,601 2,463 2,468 4,103 Demand d e p o s i t s a d j u s t e d 3,088 18,129 57,804 880 940 652 1,976 Time d e p o s i t s except U. S. Government 28,488 672 6,633 82 131 1,000 112 307 U. S . Government d e p o s i t s 133 2,976 Interbank demand d e p o s i t s : 4ll 699 427 3,012 513 10,118 Domestic banks 337 22 10 13 13 1,076 Foreign banks 31 1,373 Borrowings: 46 14 6 32 21 From F e d e r a l Reserve Banks 344 33 24 89 60 63 1,326 555 From o t h e r s 64 61 91 72 132 1,379 2,932 Other l i a b i l i t i e s 426 389 375 3,605 779 CAPITAL ACCOUNTS 10,322 493 1/ Exclusive of loans t o banks and a f t e r deduction of v a l u a t i o n r e s e r v e s ; i n d i v i d u a l loan items are s t r i c t San S t . Minne- Kansas Dallas Francisco Louis a p o l i s City 2,817 1,642 804 15 1,601 3,664 4,502 19,891 973 497 19 2,075 1,071 176 2,793 1,692 37 11,811 4,778 294 195 34 14 21 75 218 917 1,386 4,548 264 326 1,069 2,889 1,283 126 1,734 116 292 204 21 277 518 921 27 91 270 533 254 14 354 37 148 45 4o 189 11 223 311 197 680 26o 497 467 1,231 1,357 65 12 107 149 23 95 285 278 131 912 301 697 161 352 358 10 17 33 204 495 557 44 51 17 462 314 63 172 42 87 4,561 2,239 6,102 213 584 1,117 4,188 1,978 344 2,339 181 204 557 7,313 3,600 494 1,640 655 71 917 380 61 2,378 732 96 2,810 1,289 128 9,894 10,079 361 1,584 50 635 3 312 4 835 2 875 14 478 135 40 112 226 14 32 44 20 29 37 177 70 51 47 4l0 10 54 69 38 257 710 528 1,564 1,255 321 shown g r o s s . 68
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