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BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM H.lt.2 (For Immediate Release) November 2, 19l*9 CONDITION OF WEEKLY REPORTING MEMBER BANKS IN LEADING CITIES The condition statement of weekly r e p o r t i n g member banks i n leading c i t i e s shows the following p r i n c i p a l changes f o r t h e week ended October 26: An increase of $213,000,000 i n holdings of United S t a t e s Government s e c u r i t i e s ; decreases of $236,000,000 i n reserve balances with Federal Reserve Banks, $201,000,000 i n United S t a t e s Government d e p o s i t s , and $398,000,000 i n demand d e p o s i t s c r e d i t e d t o domestic banks; and an i n c r e a s e of $603,000,000 i n demand deposits a d j u s t e d . 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 increased $23,000,000 i n New York C i t y , $11,000,000 i n the A t l a n t a D i s t r i c t , and $10,000,000 i n t h e Dallas D i s t r i c t , and decreased $ll*,000,000 i n t h e Cleveland D i s t r i c t and $10,000,000 i n the Chicago D i s t r i c t ; the net increase a t a l l r e p o r t i n g member banks was $33,000,000 Holdings of Treasury b i l l s increased $170,000,000 i n New York City and $1*2,000,000 i n the Chicago D i s t r i c t , and decreased $63,000,000 i n the San Francisco D i s t r i c t ; t h e net increase a t a l l r e p o r t i n g member banks was $165,000,000. Holdings of United S t a t e s Government bonds increased $29,000,000 i n t h e Boston D i s t r i c t and a t o t a l of $1*6,000,000 a t a l l r e p o r t i n g member banks. Holdings of "other s e c u r i t i e s decreased $1*2,000,000 i n New York City and increased i n most of the other d i s t r i c t s ; the net decrease was $10,000,000. Demand d e p o s i t s a d j u s t e d increased i n most of the d i s t r i c t s ; the p r i n c i p a l i n creases were $32^,000,000 i n New York City, $9l*,000,000 i n Chicago, and $79,000,000 i n the Chicago D i s t r i c t outside of Chicago. United S t a t e s Government deposits and demand deposits c r e d i t e d t o domestic banks decreased i n n e a r l y a l l d i s t r i c t s . Demand deposits c r e d i t e d t o f o r e i g n banks decreased $1*9,000,000. A summary of t h e 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 Oct. 19, Oct. 27, 191*9 191*8 (In m i l l i o n s of d o l l a r s ) + 333 66,772 +4,331 + 130 23,921 - 711* + 131 21*, 233 - 650 13,680 -1,730 33 Oct. 26, 19U9 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 loans Loans t o brokers and d e a l e r s 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 561* 716 + U3 4- 52 + + 181* 1*20 It, 253 182 U,23l* 37,838 2,982 7,391 1,150 26,315 5,013 12,01*0 791 2,183 1 28 4- 9 25 70 + 21*3 1*1* + 31*8 +1*, 312 + 1*79 +3,002 - 528 +1,359 + 733 -2,61*7 51 18 Reserve with Federal Reserve Banks Cash i n v a u l t Balances with domestic banks L I A B I L I T I E S Demand deposits 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 1*7,31*1 15,279 2,590 8,991 1,313 133 Debits t o demand d e p o sit accounts, except interbank and U. S. Govt, accounts, during week 20,381* — - —— + 23 + 213 + 165 - + + - + - 8 10 1*6 10 236 11 136 + 603 10 201 - 398 1*9 + 12 - 351 277 81 + 375 +1,01*6 + 81* 93 10 H.4.2(a) ASSETS AMD LIABILITIES OF WEEKLY REPORTING MEMBER BANKS IN LEADING CITIES, OCTOBER Fed e r a 1 Re s e r v e Di Total all New P h i l a CleveRichBoston Atlanta Chicago districts York delphia land mond ASSETS UEn millions of d o l l a r s ) 66,772 Loans and investments - t o t a l 3,023 21,681 2,779 4,678 2,672 2,378 9,440 860 1,004 908 1,427 23,921 8,033 Loans - net# 844 2,519 13,680 618 5,192 Commercial, i n d u s t r i a l , and a g r ' l loans 811 480 508 1,634 392 Loans t o brokers and d e a l e r s f o r purchasing or carrying: — U. S e Government obligations 1 10 1 564 530 9 7 716 Other s e c u r i t i e s 22 7 575 19 7 7 38 Other loans f o r purchasing or carrying: U. S . Government obligations 11 184 2 11 11 57 21 33 18 8 Other s e c u r i t i e s 20 420 174 31 23 54 288 201 Real e s t a t e loans 103 141 4,253 73 445 354 — 6 1 182 Loans t o banks 1 18 143 4 Other loans 297 236 219 1,031 255 229 426 4,234 U . S . Government s e c u r i t i e s - t o t a l 2,877 1,662 37,838 1,834 12,203 1,540 6,185 1,326 Treasury b i l l s 2,982 121 966 210 110 726 149 57 2,210 Treasury c e r t i f i c a t e s of indebtedness 185 7,391 362 1,184 374 255 405 288 Treasury notes 1,150 100 31 232 37 43 43 U.S. bonds 1,296 2,223 1,254 870 4,043 26,315 8,739 1,114 Other- s e c u r i t i e s 185 1,445 208 5,013 150 331 736 374 Reserve with Federal Reserve Banks 12,040 727 386 1,753 457 4,785 447 442 Cash in v a u l t 81 66 791 51 175 100 41 44 Balances with domestic banks 88 2,183 110 103 138 167 158 346 Other a s s e t s - n e t 1,178 76 461 56 64 50 52 92 L I A B I L I T I E S Demand deposits a d j u s t e d 3,156 2,030 1,712 47,341 6,378 2,449 16,743 2,068 Time deposits except Govt, 15,279 2,446 1,365 473 440 2,577 599 542 U.S. Government deposits 102 189 2,590 189 102 974 65 447 Interbank demand d e p o s i t s : Domestic banks 276 2,776 8,991 357 1,467 469 440 395 26 1,111 Foreign banks 11 1,313 12 9 4 43 Borrowings — 20 10 38 17 133 19 1 Other l i a b i l i t i e s 20 640 28 1,099 30 37 43 74 CAPITAL ACCOUNTS 6,218 326 2,484 228 728 314 195 473 Debits t o demand deposit accounts, except interbank and U. S . Govt, accounts 876 8,720 709 20,384 672 2,623 730 1,042 #Individual loan items are reported gross, i . e . , before deduction of vaulation r e s e r v e s . 26, 1949 s t r i c t St. Minne- Kansas jDallas San Louis a p o l i s City 1 Francist 2,232 949 532 1 5 1,274 2,537 2,452 901 1,083 424 221 576 749 — — 2 5 7 3 5 68 5 11 133 11 37 89 — mmmm 11,626 4,969 1,967 5 22 9 11 185 2 214 1,115 45 260 41 769 168 367 30 129 26 176 200 131 738 1,400 1,243 60 159 113 178 354 355 68 21 44 819 731 479 126 112 236 194 463 438 32 37 14 267 93 323 26 17 52 10 28 2,173 7 820 5,715 266 1,269 202 3,978 942 1,581 120 261 206 1,412 485 54 622 3 7 20 181 857 1,864 1,960 386 251 450 69 51 53 609 308 785 8 2 1 1 3 4 16 16 14 202 102 207 6,712 5,265 295 487 83 13 161 778 357 2,527 632 ' 792 704
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