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BOARD OF GOVERNORS OF M FfifeRAL RESERVE SYSTEM (For Immediate Release) H.4,2 November 12, 1958 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 principal changes for the week ended November 5$ An increase of $243 million in loans adjusted; decreases of $112 million i n holdings of U, S. Government s e c u r i t i e s and $871 million in demand deposits adjusted; and an increase of $681 million i n demand deposits credited t o domestic banks. Commercial and industrial loans increased $104 million at a l l reporting member banks; the principal increases were $36 million i n the San Francisco District, $34 million in New York City, and $33 million in Chicago. Changes according t o industry appear i n another press release. Loans t o brokers and dealers for purchasing or carrying U. S, Government and other securities increased $102 million. Real estate loans increased $31 million. Holdings of Treasury b i l l s decreased $68 million. Holdings of Treasury cert i f i c a t e s of indebtedness and of Treasury notes each decreased $20 million. Holdings of "other" s e c u r i t i e s decreased $106 million in New York City and a t o t a l of $113 million at a l l reporting member banks. Demand deposits adjusted decreased $453 million i n New York City, $212 million in the Chicago D i s t r i c t , $73 million in the Kansas City D i s t r i c t , $62 million in the St. Louis D i s t r i c t , and $59 million i n the Dallas D i s t r i c t , Time deposits decreased $83 million of which $50 million was in Mew York City. U. S. Government deposits decreased $103 million. Borrowings from Federal Reserve Banks increased $169 million and borrowings from others increased $303 million. Loans t o banks increased $40 million, A summary of assets and l i a b i l i t i e s of reporting member banks follows: Increase or decrease since November 5, Oct. 29, Nov. 6, 1958 * 1958 195? (In millions of dollars) ASSETS u Loans and investments adjusted Loans adjusted l / Commercial and industrial loans Agricultural loans Loans t o brokers and dealers for purchasing or carrying securities Other loans for purchasing or carrying securities Real estate loans Other loans U. S, Government securities - 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 noted." ;"•> U, S # bonds Other securities Loans t o banks Reserves with Federal Reserve Banks Cash i n vault Balances with domestic banks L I A B I L I T I E S Demand deposits adjusted Time deposits except U, S. Government U, S, Government deposits Interbank demand deposits: Domestic banks Foreign banks Borrowings: From Federal Reserve Banks From others 1 / Exclusive of loans t o banks and a f t e r d loan items are shown gross, * Preliminary (San Francisco D i s t r i c t ) ** October 29 figures revised 93,924 53,023 29,835 606 + + + 18 243 104 — +7,647 - 512 -1,466 + 156 1,743 + 102 + 189 — + + 7 31 14 112 68 20 20 4 113 + 131 + 630 35 +6,561 + 691 +2,395 +2,320 +1,155 +1,598 40 68 76 16 + 212 - 293 + 2 + 85 1,233 9,381 11,402 31,520 1,702 3,979 6,731 19,108 9,381 1,512 12,883 975 2,420 - -» — + - 56,412 28,150 2,031 + 11,674 1,446 + 394 + 1,226 of valuation +1,612 871 +4,207 83 103 + 458 + 901 681 41 - 253 160** - 157 303** + 375 reserves; individual 5.4.2(a) ASSETS AMD LIABILITIES OF WEEKLY REPORTING MEMBER BAMS IN LEADING CITIES, NOVEMBER 5, 1958 F e d e r a 1 Total R e s e r v e Di s t r l e t S t . Minne- Kansas New Cleve- RichAll PhilaSan mond Atlanta Chicago Louis a p o l i s City Dallas Francisco* District!? Boston York delphia land (In millions of d o l l a r s ) ASSETS 4,102 27,994 3,495 Loans and investments adjusted l / 93,924 6,549 3,748 3,726 12,232 2,950 1,643 3,707 4,435I 19,343 2,491 16,663 2,199 53,023 Loans a d j u s t e d l / 3,504 1,984 6,054 1,953 1,634 945; 1,975 2,678 10,943 Commercial and i n d u s t r i a l loans 29,835 1,742 1,455 11,319 1,196 911 1,056 802 497 1,019 l , 6 l 6 4,543 3,679 606 8 2 A g r i c u l t u r a l loans 1 18 15 13 32 16 165 7 290 39' Loans t o brokers and dealers f o r 1,158 purchasing or carrying s e c u r i t i e s 25 42: 1,743 109 80 49 32 171 27 22: 25 3i Other loans f o r purchasing or carrying 18 140 44 218 26 1,233 securities 387 50 11 68 181 53 37 1,268 222 208 834 9,381 394 Real e s t a t e loans 894 394 307 273 1931 227 4,167 11,402 601 662 744 486 1,242 2401 653 2,950 Other loans 749 451 639 1,985 1,228 8,448 1,402 31,520 1,470 U. S. Government s e c u r i t i e s - t o t a l 2,396 959 6,304 4,933 1,058 523 1,364 1,435 81 646 44 1,702 112 Treasury b i l l s 85 61 30 273 53 123 137 57 164 1,163 118 167 Treasury c e r t i f i c a t e s of indebtedness 341 164 3,979 239 54 523 172 95 779 1,803 316 214 780 Treasury notes 6,731 262 256 1,032 256 103 1,106 272 331 664 4,836 19,108 1,222 1,011 U. S. bonds 650 3,105 789 537 336 4,296 732 930 Other s e c u r i t i e s 9,381 383 2,883 649 340 1,245 258 368 337 325 2 ,096 322 175 84 682 41 Loans to banks 1,512 44 18 54 103 30 39 39 23 355 12,883 46l Reserves with Federal Reserve Banks 876 1,801 4,383 498 513 506 506 390 175 563 2,211 61 Cash i n v a u l t 239 112 40 92 76 14 49 44 160 975 53 35 188 2,420 Balances with domestic banks 90 98 136 82 174 202 272 151 253 437 337 Other a s s e t s - n e t 102 129 1,312 112 40 2,929 42 98 207 94 78 194 521 L I A B I L I T I E S Demand deposits a d j u s t e d 56,412 4,136 3,091 17,575 2,375 2,589 7,184 2,323 1,635 925 2,334 2,656 9,589 688 6,419 2,006 Time deposits except U. S, Government 28,150 698 898 381 3,625 936 9,8l6 657 738 1,288 626 U. S. Government deposits 2,031 81 91 154 107 41 316 74 97 76 292 76 Interbank demand d e p o s i t s : Domestic banks 11,674 3,120 806 415 548 410 1,016 1,044 509 1,839 839 559 569 Foreign banks 8 1,446 10 21 46 29 1,133 12 4 16 2 160 5 Borrowings: From Federal Reserve Banks 1 394 14 153 13 2 74 9 29 39 3 57 From others 1,226 638 46 29 160 42 6 67 16 18 29 23 152 Other l i a b i l i t i e s 143 119 3,173 76 229 1,557 79 656 96 75 51 53 39 CAPITAL ACCOUNTS 48? 10,137 430 3 66 378 1,235 3,577 759 174 313 394 1,529 495 l / Exclusive of loans to "banks and a f t e r deduction of valuation r e s e r v e s ; individual loan items are shown gross. ^Preliminary (San Fran. D i s t . )
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