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H.l*.2 BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM (For Immediate Release) May 9, 1951 CONDITION OF WEEKLY REPORTING MEMBER BANKS IN LEADING CITIES The c o n d i t i o n statement of weekly r e p o r t i n g member banks i n l e a d i n g 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 M&y 2s An i n c r e a s e of $183,000,000 i n l o a n s ; decreases of $307,000,000 i n r e s e r v e b a l a n c e s with Federal Reserve Banks and $361,000,000 i n United S t a t e s Government d e p o s i t s ? and i n c r e a s e s of $206,000,000 i n demand d e p o s i t s c r e d i t e d t o domestic banks and $151,000,000 i n borrowings. 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 i n c r e a s e d i n seven d i s t r i c t s and decreased i n t h e o t h e r f i v e , r e s u l t i n g i n an i n c r e a s e of #59,000,000 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 i n c r e a s e s of $38,000,000 i n t h e Chicago D i s t r i c t , $21,000,000 i n New York C i t y , and $17,000,000 i n t h e San Francisco D i s t r i c t . Holdings of Treasury b i l l s i n c re ase d $25,000,000. Holdings of Treasury n o t e s inc r e a s e d $32,000,000 i n New York C i t y , and decreased $13,000,000 i n t h e San Franc i s c o D i s t r i c t and $12,000,000 i n t h e S t , Louis D i s t r i c t ; the n e t i n c r e a s e a t a l l r e p o r t i n g member banks was $21*, 000,000, Holdings of United S t a t e s Government bonds decreased $18,000,000. Demand d e p o s i t s a d j u s t e d decreased $2,000,000 i n t h e Chicago D i s t r i c t and $1*7,000,000 i n t h e S t . Louis D i s t r i c t , and i n c r e a s e d $63,000,000 i n t h e San F r a n cisco D i s t r i c t ; t h e n e t decrease a t a l l r e p o r t i n g member banks was $51,000,000. Time d e p o s i t s decreased $50,000,000 i n New York City and ^39,000,000 at a l l r e p o r t i n g member banks. United S t a t e s Government d e p o s i t s decreased i n a l l d i s t r i c t s . Demand d e p o s i t s c r e d i t e d t o domestic banks i n c r e a s e d i n most d i s t r i c t s ; t h e l a r g e s t i n c r e a s e was $10l*,000,000 i n t h e Chicago D i s t r i c t , Borrowings i n c r e a s e d $ll*L,000,000 i n New York City. 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 f o l l o w s t I n c r e a s e or decrease s i n c e A p r i l 25, May 3, 1950 1951 (In m i l l i o n s of d o l l a r s ) +21*5 70,108 +3,571* +183 +7,652 32,661 +182 +7,726 33,117 + 59 +5,766 19,186 May 2, .1951 ASSETS Loans and investments - t o t a l Loans - net Loans - g r o s s Commercial, i n d u s t r i a l , and a g r i c u l t u r a l l o a n s Loans t o b r o k e r s and d e a l e r s f o r purchasing o r c a r r y i n g ; U. S. Government o b l i g a t i o n s Other s e c u r i t i e s Other l o a n s f o r purchasing o r c a r r y i n g ! U. S . Government o b l i g a t i o n s Other s e c u r i t i e s Real e s t a t e l o a n s Loans t o 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 T r e a s u r y 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 Reserves with Federal Reserve Banks Cash i n v a u l t Balances w i t h domestic banks 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 Time d e p o s i t s except Govt. U. S. Government d e p o s i t s Interbank demand d e p o s i t s ; Domestic banks Foreign banks Borrowings Debits t o demand d e p o s i t accounts, except i n t e r b a n k and U. S. Government accounts, during week 21*6 1,113 + 50 + 1*2 + 125 602 5,1*19 1*91 5,935 30,836 1,971 — 2 + 5 - 1 + 26 + 3 + 31 + 25 8,150 20,715 6,611 13,960 795 2,217 + 21* - 18 + 31 -307 - 51* - 30 19 + 122 + 897 + 123 +1,291 -5,080 + 218 -1,307 +2,371* -3,365 +1,002 +2,181* + 61* + 1*2 50,163 15,566 3,61*7 8,971 1,31*3 567 - 51 - 39 •»36l +206 - 31* +151 +3,235 + 76 +1,858 + 5 + 92 + 203 — 28,1*29 1*69 15 ASSETS AND LIABILITIES OF WEEKLY REPORTING MEMBER BANKS IN LEADING CITIES, MAY 2 , 1951 H.Z*.2(a) A O 0 -n m O CAPITAL ACCOUNTS 70,108 32,661 19,186 TP « il « t» t> 1 D *? 00 0« * v 0„ tT JLI c<= i / Ji L -o l: r 1 c "G P h i l a - Cleve-I Rich1 1 St Minne- Kansas! San d e l p h i a land 1 mond A t l a n t a j C h i c a g o 1 L q u ^ s a p o l i s C i t y J Dallas Francisco 3,202 22,821 2,853 1,573 11,010 1,325 1,005 7,171 755 21*6 1,113 2 12 215 8U6 1 38 125 602 5,1*19 1*91 5,935 30,636 1,971 10 21* 209 5& 283 1,383 72 30 261 766 315 1,568 9,663 790 3 7 139 15 390 1,182 1*5 8,150 20,715 253 1,058 2i|6 1,952 6,921 2,1148 263 871* 538 56 102 107 5,385 176 11*8 585 51*2 1*1* 117 61 6,611 15,960 795 2,217 1,1*58 50,163 15,566 3,61*7 8,971 1,31*3 567 1,663 6,618 31*6 2,637 17,578 2,237 1*25 1*77 2,626 11*9 1,216 178 271* 2,806 371 1,112 32 17 10 25 505 86 930 38 31*0 2,51*2 326 ) 1,958 2 , 7 7 5 1,961* 1,198 1,11*5 598 2,519 1,136 682 1 5 15 7 32 17 101 19 61 1*55 11 8 11* 21*5 7 5,1*00 31*5 888 1*6 619 1,697 1*77 906 82 11*6 81 1,553 3,502 97? 2,06? 97 312* 1« 262 580 171* 1*06 32 125 31 368 939 166 518 67 155 57 1*71* 635 217 1*73 1*0 192 57 3,1*51 2,172 1,885 1,370 591 516 318 100 11*5 1*58 366 511 10 6 11 26 20 9 26 52 37 1*88 21*6 212 851 615 1,228 2 , 7 0 5 627 1 , 2 5 0 351* 813 2,621 1,1*61* 1,015 12,202 6,325 2,615 9 10 1 35 1* 17 108 169 — 3 163 21*1* 1*62 1,183 1* 131 8 51 123 1 3 11* 11 11 68 1*2 23 235 375 91* 1* 6 5 350 315 323 2,517 1,1*11 1,166 201 101* 57 Debits t o demand d e p o s i t a c c o u n t s , except i n t e r b a n k and U. B. Govt, accounts 28,1+29 1,20k 12,391 1,090 1,57k 897 $ I n d i v i d u a l l o a n items a r e r e p o r t e d g r o s s , i . e . , b j f o r o d e d u c t i o n of v a l u a t i o n r e s e r v e s . 9,930 2,294 3,557 1,232 2,335 698 CVJ Loans and investments - t o t a l Loans - n e t # Commercial, i n d u s t r i a l , and a g r ' l loans Loans t o b r o k e r s and d e a l e r s f o r purchasing or c a r r y i n g ; U» S. Government o b l i g a t i o n s Other s e c u r i t i e s Other loans f o r purchasing or c a r r y i n g : U» S. Government o b l i g a t i o n s Other s e c u r i t i e s Real e s t a t e loans Loans t o banks Other loans p , S. Government s e c u r i t i e s - t o t a l Treasury b i l l s T r e a s u r y 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 Reserves w i t h F e d e r a l Reserve Banks Cash i n v a u l t Balances w i t h domestic banks Other a s s e t s - n e t 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 Time d e p o s i t s except Govt, U. S» Government d e p o s i t s I n t e r b a n k demand d e p o s i t s ; Domestic banks Foreign banks Borrowings Other l i a b i l i t i e s Total all . 1 New d i s t r i c t s Bostonj Y o r k 265 6,686 1,1*67 2,625 1*83 71*) 119 1,501* 586 39 2 7 85 27 783 197 753 1 6 1*50 602 139 319 139 272 211 13 73 17 556 31 260 1*3 272 990 62 31*3 585 167 505 36 322 66 6 28 2,501 70 1,11*7 4.591 ill* 1,1*71* 3,003 1,286 1,853 121 263 251 781* 1,971* 2,156 1*06 235 1*29 131 73 98 282 798 585 2 2 6 1*0 2 21* 18 28 31 108 232 21*3 7,11*0 5,379 377 Z*30 101* 57 302 901 1*65 3,325 958 869