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BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM (For Immediate Release) H.4.2 November 19, 1958 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 for the week ended November 12* Increase of $247 million i n loans adjusted; decreases of $234 million i n holdings of U, S, Government s e c u r i t i e s , $245 million i n holdings of "other" s e c u r i t i e s , $524 million in reserve balances with Federal Reserve Banks, $165 million i n time deposits,and $602 million i n U, S, Government deposits; and an increase of $380 million in demand deposits adjusted, ? Commercial and industrial loans; increased in a l l but two d i s t r i c t s and a t o t a l of $149 million at a l l reporting member banks; the principal increases were $60 million i n New York City, $30 million i n the Philadelphia D i s t r i c t , and $19 million i n the San Francisco D i s t r i c t . Changes according to industry appear in another press release. Real estate loans increased $44 million. Holdings of Treasury b i l l s decreased $177 million, Treasury notes $31 million, and U» S, Government bonds $18 million. The decrease i n "other" securities was largely i n New York City, Demand deposits adjusted increased $145 million i n the San Francisco District, $101 million i n the Richmond D i s t r i c t , $71 million in the Dallas D i s t r i c t , $69 million in the Kansas City D i s t r i c t , and $68 million i n the Atlanta D i s t r i c t , but they decreased $153 million i n New York City, Time deposits decreased $57 million in New York City and $49 million in the San Francisco D i s t r i c t . Demand deposits credited to domestic banks decreased $108 million. Borrowings from Federal Reserve Banks decreased $135 million and borrowings from others increased $420 million, Loans to banks increased $327 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 12, Nov. 13, Nov, 5, 1958 1957 1958 * (In m:Illions of dollars) ASSETS Loans and investments adjusted 1 / Loans adjusted l / Commercial and industrial loans Agricultural loans Loans to 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 notes 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 - 93,710 53,288 29,985 617 + + + 1,782 1,233 9,429 11,421 31,288 1,529 3,971 6,698 19,090 9,134 1,989 12,253 1,095 2,605 + + + + — - + . + + 232 247 149 9 +7,607 - 396 -1,402 + 168 40 + 192 1 44 6 + 142 + 653 31 +6,503 + 646 +2,370 +2,338 +1,149 +1,500 + 367 - 609 + 8 + 150 234 177 8 31 18 245 327 524 135 140 +1,849 380 Demand deposits adjusted 56,874 +4,192 165 27,987 Time deposits except U, S, Government + 83 602 U, S. Government deposits 1,413 108 + 619 11,568 Interbank demand deposits: Domestic banks 19 - 209 Foreign banks 1,457 — Borrowings: From Federal Reserve Banks 135 7 259 1,661 420 + 474 From others i / Exclusive of loans t o banks and after deduction of valuation reserves ; individual loan items are shown gross. * November 5 figures revised. + + + HA.2(a) ASSETS AMD LIABILITIES OF WEEKLY REPORTING MEMBER BANKS IN LEADING CITIES, NOVEMBER 12, 1958 F e d e r a 1 Total Res e r v e Di s t r l e t New All Phila- Cleve- RichS t . Minne- Kansas San D i s t r i c t s Boston York delphia land mond Atlanta Chicago Louis apolis City Dallas Francisco ASSETS (In millions of dollars) 3,746 4,077 27,773 3,492 6,525 93,710 3,731 12,229 2,969 1,640 3,690 4,443 19,395 Loans and investments adjusted 1 / 6,042 1,646 2,008 2,508 16,779 2,207 1,964 53,288 3,510 952 1,978 2,682 11,012 Loans adjusted 1 / ~ 1,662 1,468 11,385 809 1,226 3,661 498 1,028 1,618 920 29,985 1,737 Commercial and industrial loans 4,573 8 16 4o 2 1 38 165 617 19 291 15 15 Agricultural loans 7 Loans t o brokers and dealers for 166 10 26 4l 12 1,212 21 1,782 107 47 29 78 purchasing or carrying s e c u r i t i e s 33 .. Other loans f o r purchasing or carrying 26 18 l4l 11 213 178 49 45 52 71 securities 1,233 392 37 838 208 1,278 223 231 4,189 398 273 193 309 893 9,429 Real e s t a t e loans 396 480 640 666 2,000 601 456 11,421 647 1,259 2,931 752 239 Other loans 750 4,965 1,062 313 59 518 99 1,035 255 649 3,099 261 1,222 148 42 1,688 411 127 39 268 167 203 45 512 24 52 106 330 176 22 196 16 85 40 1,351 126 164 328 733 361 16 543 46 339 78 1,433 63 172 267 931 328 26 538 51 486 195 501 2,162 177 222 538 7,229 3,618 203 1,690 654 63 957 381 33 2,403 737 62 2,727 1,291 50 9,816 9,769 208 1,814 49 833 3 4oo 5 986 2 1,028 17 571 160 -— 6 10 11 92 9 60 42 21 114 194 49 60 124 229 78 76 79 486 10,128 429 1,235 312 378 758 367 3,578 CAPITAL ACCOUNTS 1 / Exclusive nf inana tn hanka and a f t e r deduction of valuation reserves: individual loan items are shown gross. 2 7 39 43 31 53 11 250 691 175 395 2 29 99 496 4,120 1,998 105 2,690 886 92 2,391 947 54 526 22 540 10 532 7 792 13 56,874 27,987 1,413 3,030 679 74 17,446 6,337 402 11,568 1,457 403 30 3,143 1,139 Loans to banks Reserves with Federal Reserve Banks Cash in vault Balances with domestic banks Other a s s e t s - n e t 2,375 690 67 957 37 175 214 531 328 20 477 61 107 102 2,372 46 330 780 1,216 643 1,989 12,253 1,095 2,605 2,983 8,285 513 1,151 1,788 4,833 2,709 1,042 3,882 260 191 1,355 31,288 1,529 3,971 6,698 19,090 9,134 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 Other l i a b i l i t i e s l,38o 89 239 262 790 343 43 835 106 14? 113 1,457 74 118 254 1,011 325 26 552 87 189 98 1,209 73 172 304 660 360 28 531 70 110 125 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 259 1,661 3,288 25 73 l4l 48 791 1,619 75 438 55 294 91 6,305 112 781 1,105 4,307 2,078 1,519
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