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BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM H.4.2 (For Immediate Release) November 16, 1949 CONDITION OF WEEKLY REPORTING MEMBER BANKS IN LEADING CITIES The condition statement of weekly reporting member banks i n leading c i t i e s shows the following principal changes f o r the week ended November 9: An increase of $339,000,000 i n loans, and decreases of $346,000,000 i n holdings of United States Government s e c u r i t i e s , $292,000,000 in reserve balances with Federal Reserve Banks, $139,000,000 i n demand d e p o s i t s adjusted, and $160,000,000 i n borrowings. Commercial, i n d u s t r i a l , and agricultural loans increased in nearly a l l d i s t r i c t s and a t o t a l of $89,000,000 at a l l reporting member banks; the principal increases were $22,000,000 in New York City and $11,000,000 each i n the Atlanta, Chicago, and St. Louis d i s t r i c t s . Real e s t a t e loans increased $19?000,000. Loans t o banks increased $119,000,000. Holdings of Treasury b i l l s decreased $180,000,000 in New York City, $60,000,000 in the Chicago D i s t r i c t , and a t o t a l of $246,000,000 at a l l reporting member banks. Holdings of Treasury c e r t i f i c a t e s of indebtedness decreased $80,000,000. Holdings of United S t a t e s Government bonds decreased $42,000,000 i n New York City and increased $19,000,000 i n the Boston D i s t r i c t ; the net decrease a t a l l reporting member banks was $20,000,000. and $31,000,000 i n the Cleveland D i s t r i c t , Demand d e p o s i t s adjusted decreased $212,000,000 i n New York City/and they increased $37,000,000 in the Atlanta D i s t r i c t , $22,000,000 i n the Richmond D i s t r i c t , and $21,000,000 in the St. Louis D i s t r i c t . Demand deposits credited t o domestic banks increased $102,000,000, Borrowings decreased $80,000,000 i n New York City and $55,000,000 i n Chicago. 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 Nov. 10, Nov. 2, 1948 1949* (In m i l l i o n s of dollars) 10 +4,278 66,656 + 339 24,664 - 199 + 339 - 136 24,976 + 89 -1,812 13,783 Nov. 9, 1949 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 agricultural loans Loans to brokers and dealers f o r purchasing or carrying: 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 carrying: 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 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 t o demand deposit accounts, except interbank and U. S. Govt, accounts, during week ^November 2 f i g u r e s revised. 934 769 174 429 4,265 330 4,292 + + - 81 5 + + 619 372 3 + + + 26 49 237 93 430 + 9 + 19 + 119 + 20 346 2k6 80 37,042 2,372 7,193 1,150 26,327 4,950 12,040 839 2,170 + 103 + 24 -2,544 11 38 46,709 15,273 2,444 9,261 1,375 487 139 13 13 + 102 + 1 ~ 160 + + + + - - —— - - + 20 3 292 +3,723 82 +2,773 - 508 +1,540 + 754 220 371 971 9 30 282 17,809 (Revised f i g u r e previous week 22,520) 31.4, 2(a) ASSETS; AND LIABILITIES OF" WEEKLY REPORTING MEMBER BANKS IN LEADING C-ITIES > NOVEMBER 9, 1949 ' Total F e d e r a 1 Re s e r v e D i s t r i Ct all New Phila- Cleve- RichSt. Minne- Kansas San d i s t r i c t s Boston York delphia land mond Atlanta Chicago Louis a p o l i s City Dallas Francisco ASSETS (In millions of do]Liars) Loana_and investments - t o t a l 66,656 3,013 21,598 2,759 4,622 2,692 2,412 2,242 9,411 1,270 2,563 2,470 11,604 Loans - net# 24,664 1,045 1,420 862 8,552 929 980 859 924 1,111 2,557 435 4,990 Commercial, i n d u s t r i a l , and a g r ' l loans 13,783 481 627 802 5,217 387 1,629 519 223 545 591 771 1,991 Loans t o brokers and dealers f o r purchasing or carrying: U. S. Government o b l i g a t i o n s 18 1 12 934 879 20 1 3 Other s e c u r i t i e s 10 623 22 18 769 8 2 45 6 16 9 5 5 Other loans f o r purchasing or carrying: U. S. Government o b l i g a t i o n s 11 174 2 50 11 11 20 32 10 10 3 9 5 Other s e c u r i t i e s 18 181 8 429 20 22 31 11 11 28 55 5 39 Real e s t a t e loans 4,265 142 103 452 289 203 186 88 67 73 134 357 2,171 Loans t o banks 20 211 330 19 1 1 16 8 6 8 35 5 Other loans 220 4,292 1,053 241 303 231 255 429 217 826 133 207 177 U. S. Government s e c u r i t i e s - t o t a l 1,801 11,643 1,502 37,042 2,830 1,675 6,123 1,343 1,092 724 1,404 1,228 5,677 Treasury b i l l s 2,372 98 124 170 113 660 527 71 41 111 174 244 39 Treasury c e r t i f i c a t e s of indebtedness 344 7,193 2,097 191 258 241 180 363 1,189 393 342 1,246 349 Treasury notes 1,150 100 43 292 42 31 22 68 233 37 44 39 199 U. S. bonds 1,316 26,327 2,224 1,251 8,727 1,110 4,041 872 481 820 773 724 3,988 .Otter- s e c u r i t i e s 1,403 167 328 4,950 210 372 111 155 170 731 235 131 937 Reserve with Federal Reserve Banks 12,040 454 443 4,709 744 436 1,788 392 461 209 373 447 1,584 Cash i n vault 80 209 839 52 49 102 67 43 32 13 32 123 37 Balances with domestic banks 2,170 118 91 131 176 170 97 309 127 91 274 311 275 Other a s s e t s - net 1,209 472 58 65 79 50 54 16 26 25 97 52 215 L I A B I L I T I E S Demand d e p o s i t s adjusted 46,709 2,436 16,265 2,066 3,108 2,037 1,727 1,403 6,257 856 1,865 1,946 6,743 Time d e p o s i t s except Govt. 2,462 15,273 431 473 1,365 542 598 2,581 485 252 387 5,264 433 TJ, S. Government d e p o s i t s 2,444 101 168 103 448 909 175 46 51 54 76 264 49 Interbank demand deposits: Domestic banks 9,261 444 424 2,791 376 279 1,510 648 513 804 322 657 493 26 Foreign banks 11 1,165 11 1,375 43 8 7 2 1 5 3 93 Borrowings 2 368 487 6 62 1 7 27 6 5 3 Other l i a b i l i t i e s 648 1,121 45 41 31 30 19 16 14 19 75 166 17 CAPITAL ACCOUNTS 6,244 2,498 316 327 196 229 182 102 475 203 731 207 778 Debits t o demand deposit accounts, except interbank and U. S. Govt, accounts 681 836 623 666 17,809 7,198 924 2,452 688 362 589 2,254 536 «• mm •
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