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H.4.2 BOARD OF GOVERNORS OF |HE FEDERAL RESERVE SYSTEM (For Immediate, Release) November 10, 1948 CONDITION OF .WfeEl&Y REPORTING ME^ER BANKS IN LEADING CITIES The 6dnditioh st&tpmtitii bf W@yt2j.y_ reporllirig ifekbfcr banks i n l e a d i n g c i t i e s shows t h e following pHricifciil Ohahged, jfo>r t h e Week ended November 3i Decreases of $258,000,000 i n Uhited S t a t e s Odvtiffpetit s e c u r i t i e s and $815*000,000 i n demand d e p o s i t s a d j u s t e d , and an i n c r e a s e of $318,000,000 i n demand d e p o s i t s c r e d i t e d t o domestic banks. 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 i n c r e a s e d #13,000,000 ift t h e Atlanta D i s t r i c t and $5*000,000 a t a l l r e p o r t i n g member banks, and decreased $12,000,000 i n t h e Chicago D i s t r i c t . Holdings of Treasury b i l l s decreased $158,000,000 i n New York C i t y , $40,000,000 i n t h e San Francisco D i s t r i c t , and $125,000,000 a t a l l r e p o r t i n g memb e r banks, and i n c r e a s e d $29,000,000 i n t h e P h i l a d e l p h i a D i s t r i c t and $27,000,000 i n t h e Minneapolis D i s t r i c t . Holdings of Treasury c e r t i f i c a t e s of indebtedness i n c r e a s e d $34,000,000. Holdings of United S t a t e s Government bonds decreased i n a l l d i s t r i c t s , the p r i n c i p a l decreases being $41,000,000 each i n New York City and i n t h e Chicago D i s t r i c t ; t h e decrease a t a l l r e p o r t i n g member banks was $162,000,000. Holdings of "other s e c u r i t i e s " decreased $46,000,000. Demand d e p o s i t s a d j u s t e d decreased i n n e a r l y a l l d i s t r i c t s , t h e p r i n c i p a l d e creases being $539>000,000 i n New York C i t y , $161,000,000 i n t h e Chicago D i s t r i c t , $35,000,000 i n t h e Richmond D i s t r i c t , and $34,000,000 i n t h e San Francisco Dist r i c t ; they i n c r e a s e d $41,000,000 i n t h e Boston D i s t r i c t . 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 of t h e d i s t r i c t s . Borrowings i n c r e a s e d $31,000,000 i n New York C i t y , $27,000,000 i n t h e Chicago D i s t r i c t * ana $' 59,000,000 a t a l l r e p o r t i n g member banks* A of t h e 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 : - - * % # * 1 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 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 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 l o a n s f o r purchasing or c a r r y i n g t 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 l o a n s 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 n o t e s U. S. bonds Other s e c u r i t i e s Reserve 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 1 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 . Govt, accounts, during week # See f o o t n o t e on f o l l o w i n g page. * Oct. 27 f i g u r e s r e v i s e d (San Francisco D i s t r i c t ) I n c r e a s e or decrease since Oct, 27, Nov, 5 , 1948 * 1947 (In m i l l i o n s of d o l l a r s ) Nov* 3r 1948 62,229 24,727 24,975 15,415 223 439 . + + +• + 212 92 92 5 10 mmmm 207 488 4,021 295 3,887 33,268 2,378 4,423 1,673 24,794 4,234 14,533 813 2,250 2 2 + 11 + 69 + 1 258 — 125 • 34 5 162 46 „ 154 29 + 49 46,607 14,913 1,597 9,225 1,423 212 + + + + + — — - 815 9 53 318 17 69 -2,681 +2,033 +2,156 +1,376 - 176 23 - 267 + 1 + 678 + 49 + 518 -4,714 +1,661 + 4 99 - 676 -6,198 —— +2,104 + 39 - 152 + + + — 845 382 423 780 32 65 21,789 (Revised f i g u r e p r e v i o u s week 22,685) Aoomo Any J-J-LADJ.IJJ.i-icn. ur wrjanii.. xiDruii.. JL1MVJ mill1' F e Total New P h i l aall Boston delphia York districts ASSETS l e a n s and Investments — t o t a l 62,229 2,882 20,260 2,578 2 1,168 8,225 922 Leans - n e t # ii*7 2 I 7l*2 5,961* 532 Commercial,,industrial* & a g r ' l loans 15,1*15 Loans t o brokers and d e a l e r s f o r purchasing or c a r r y i n g : 1 2 195 223 U. S. Government o b l i g a t i o n s 16 10 325 1*39 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 : 3 32 13 207 U. . S.. Government o b l i g a t i o n s 212 1*88 9 17 Other s e c u r i t i e s 90 1*05 132 1,021 Real e s t a t e loans 6 206 65 295 Loans t o banks 272 201* 985 3,887 Other loans 1,586 10,815 1,381 33,268 U. S..Government s e c u r i t i e s — t o t a l 1,082 136 162 2,378 Treasury b i l l s 121* 231 955 1*,1*23 Treasury c e r t i f i c a t e s of indebtedness 89 332 75 1,673 Treasury n o t e s 8,1*1*6 1,01*6 1,101* 21*,79b U. S. bonds 1,250 128 275 U,23l* Other s e c u r i t i e s 51*1 5,578 Reserve with F e d e r a l Reserve Barries 555 11*,533 60 181 1*7 813 Cash i n v a u l t 128 115 100 Balances with domestic banks 2,250 1*90 51 78 1,203 Other a s s e t s — n e t H.<1.21 a ; 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 deposits 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 Other l i a b i l i t i e s CAPITAL ACCOUNTS 1*6,60? ll*,913 1,597 9,225 1,1*23 212 1,01*5 6,006 Debits t o demand d e p o s i t accounts# except interbank and U. S. Govt, accounts 21,789 Di s t r i c t d e r a l R e s e r v e San Minne- Kansas Dallas St. Cleve- Rich- Atlanta Chicago Francisco Louis a p o l i s City mond land 1*,322 1,1*77 918 2,519 8?1* 1*11* 8 12 mmrnm 6 16 1*1 21 23 202 271* 1* 1 215 215 2,501* 1,515 178 55 203 236 60 11*5 1,197 1,91*5 130 31*1 896 5U9 66 87 158 156 1*8 67 2,1*1*9 16,1*00 2,082 3,069 2,030 588 1*81* 2,397 1*51 1,365 62 91* 127 63 51*9 1*06 286 2,911 1*1*9 351 12 21* 1,239 5 5 •ee* 10 10 121 13 20 1*8 26 38 592 218 1*62 2,1*28 306 322 910 • r 9,220 797 2,287 865 551 1,261. 18 36 66 5 2,762 12 37 5 26 66 336 190 1*09 1,232 5,080 28 283 72 819 595 378 3,81*5 190 *00 1*1 187 262 621* 2,022 l 108 12 12 158 3 211 91*7 1*31* 250 881* 1,096 759 579 7 6 62 88 61*6 31* 1*1*2 26 257 12 91 17 11*7 66 138 1*56 30 125 1,7# 531* 1*1 510 13 3 26 185 2,9# 2,1*62 321 1,1*28 28 38 70 693 1,351 1*71* 51 61*8 2 10 17 176 753 2,936 687 • T 10,969 5,013 2,195 3 11 112 689 75 53 • 1,201* 2,355 2,295 2 31*7 91 775 T+ 1,900 2,092 1,007 611 8,1*66 138 81 6 15 1*2 12 89 127 1 191 159 1,267 1,079 129 33 229 27b 76 • 87 7l*l 777 120 201* 553 579 28 31* 291 271 28 861* 1,811 381 251* 25 55 822 325 1 3 — 5 H* 12 192 98 1*65 * 731 1*8 18 32 2,080 1* 721* 5,173 150 1,008 . 259 3,756 783 2,01*7 119 281 206 1*0 625 1* 6,890 £,112 169 1*61* 87 15 195 167 731 1*11 2
@FedFRASER