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H»li.2 BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM (For Immediate Release) November 2, 1955 CONDITION OF WEEKLY REPORTING MEMBER BANKS IN LEADING CITIES The c o n d i t i o n statement of weekly r e p o r t i n g member banks i n l e a d i n g c i t i e s shows the following p r i n c i p a l changes f o r the week ended October 26: An i n c r e a s e of $791* m i l l i o n i n demand d e p o s i t s a d j u s t e d and decreases of $351 m i l l i o n i n United S t a t e s Government d e p o s i t s and $396 m i l l i o n 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 i n seven d i s t r i c t s , including $31 m i l l i o n i n t h e San Francisco D i s t r i c t , but decreased i n t h e o t h e r s ; t h e net r e s u l t was an i n c r e a s e of $1*2 m i l l i o n a t a l l r e p o r t i n g member banks. Changes according t o i n d u s t r y appear i n another p r e s s r e l e a s e . Loans t o brokers and d e a l e r s f o r purchasing or carrying United S t a t e s Government and o t h e r s e c u r i t i e s decreased $1*9 m i l l i o n . "Other" loans i n c re ase d $53 m i l l i o n . Holdings of Treasury b i l l s increased $93 m i l l i o n i n New York City and decreased i n most of the d i s t r i c t s ; t h e n e t r e s u l t was an i n c r e a s e of $32 m i l l i o n a t a l l r e p o r t i n g member banks. Holdings of Treasury c e r t i f i c a t e s of indebtedness decreased $3U m i l l i o n . Holdings of " o t h e r " s e c u r i t i e s decreased $1*9 m i l l i o n . Demand d e p o s i t s a d j u s t e d i n c r e a s e d $323 m i l l i o n i n New York City, $250 m i l l i o n i n the Chicago D i s t r i c t , $1*7 m i l l i o n 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 , $1*3 m i l l i o n i n t h e Cleveland D i s t r i c t , and by smaller amounts i n a l l but one of the o t h e r d i s t r i c t s . Time d e p o s i t s i n c r e a s e d $21* m i l l i o n . Borrowings from F e d e r a l Reserve Banks incre ase d $lll* m i l l i o n i n the San Franc i s c o D i s t r i c t and a t o t a l of $187 m i l l i o n a t a l l r e p o r t i n g member banks. Borrowings from o t h e r s decreased $315 m i l l i o n . Loans t o banks decreased $188 m i l l i o n . A summary of 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 : Oct, ASSETS Loans and investments a d j u s t e d 1/ Loans a d j u s t e d 1 / 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 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 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 s e c u r i t i e s Real e s t a t e l o a n s Other loans Increase or decrease since Oct. 19, Oct. 27, 26, 1955 1951* __ 1955 (In millions of clollars) 85,571 16,071 25,121* 2,587 1,22k + 29 + 97 + 1*2 - 1*9 + 1*1* 8,01*9 9,821 + 9 + 53 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 30,922 1,067 - 19 + 32 - 31* Loans t o banks Reserves w i t h 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 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 U. S . Government 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: From Federal Reserve Banks From o t h e r s + 782 .+7,392 2 / +l*,08l + 180 + 231 2 / +1,071 2/ +1,901* -6,611 - 11 - 6 - 1*9 -1,639 -1,109 - 71*0 -3,123 + 1 779 13,772 -188 + 59 + 22 + 9 + + - 57,087 21,700 3,129 +791* +1,037 + 325 - 861 - 972 1,266 7,918 20,61*1 8,578 1,012 2,1*62 10,218 1,1*33 897 308 + 21* -351 -396 - 1*1 +187) -315) + 70 92 9 200 81* 581* 1/ Exclusive of l o a n s t o banks and a f t e r deduction of v a l u a t i o n r e s e r v e s ; i n d i v i d u a l loan items a r e shown g r o s s . 2 / October 5, 1955 r e c l a s s i f i c a t i o n i n c r e a s 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 $318 m i l l i o n and decreased r e a l e s t a t e loans and " o t h e r " loans by $29l* and $25 m i l l i o n s , r e s p e c t i v e l y . ASSETS AMD LIABILITIES OF WEEKLY REPORTING MEMBER BAMS IN LEADING CITIES. OCTOBER 26, 1955 F e d e r a l R e s e r v e D i s t r i c t Total San Cleve- R i c h - A t l a n t a Chicago S t . Minne- Kansas D a l l a s New PhilaAll Boston Francisco Louis mond land ( I n m i l l i o n s of dol:Lars) ASSETS 16,773 6,046 3,420 3,296 11,684 2,750 1,496 3,379 3,816 3,820 25,842 3,249 Loans and i n v e s t m e n t s a d j u s t e d l / 85,571 824 1 , 6 8 1 2,367 8,857 5,216 1,539 1,706 1,633 2,850 46,071 2 , 1 9 9 15,130 2 , 0 6 9 Loans a d j u s t e d l / 3,651 3,108 976 1,528 766 790 435 905 1,330 9,266 1,076 Commercial, i n d u s t r i a l , and a g r ' l l o a n s 25,124 1,293 Loans t o b r o k e r s and d e a l e r s f o r 18 16 23 252 27 95 1,877 157 5 27 2,587 33 57 purchasing or carrying s e c u r i t i e s Other loans f o r purchasing or carrying 48 28 118 40 15 104 23 76 175 506 1,224 38 53 securities 169 203 276 688 3,456 279 1,181 212 336 157 753 8,049 339 Real e s t a t e loans 400 210 442 1,029 1,729 624 527 528 517 546 713 9,824 2,559 Other l o a n s H.4.2(a) U. S« Government s e c u r i t i e s - t o t a l Treasury b i l l s T r e a s u r y c e r t i f i c a t e s of i n d e b t e d n e s s Treasury notes U. S . bonds Other s e c u r i t i e s 30,922 1,067 1,266 7,948 20,641 8,578 1,234 54 57 241 882 387 8,070 490 297 1,686 5,597 2,642 869 6 55 200 608 311 2,573 91 78 767 1,637 623 1,438 4o 45 331 1,022 276 1,339 62 60 463 754 324 5,241 106 176 1,396 3,563 1,227 971 18 29 356 568 240 514 8 18 158 330 158 1,347 97 50 407 793 351 1,200 43 66 254 837 249 6,126 52 335 1,689 4,050 1,790 Loans t o banks R e s e r v e s w i t h F e d e r a l Reserve Banks Cash i n v a u l t B a l a n c e s w i t h domestic banks Other a s s e t s - n e t 779 13,772 1,012 2,462 1,919 66 537 72 87 93 460 4,746 226 173 775 15 507 54 115 77 3 908 102 169 94 11 549 84 195 71 5 509 52 235 67 24 2,020 120 283 138 30 431 36 133 46 1 213 16 72 23 6 542 43 304 49 6 593 51 426 142 152 2,217 156 270 344 57,087 21,700 3,129 2,993 632 128 18,157 4,403 1,217 2,459 510 118 4,060 1,737 234 2,561 721 125 2,374 636 97 7,484 3,204 473 1,781 559 80 908 287 49 2,376 558 100 2,704 821 131 9,230 7,632 377 10,218 1,433 350 33 2,933 1,096 409 23 503 9 487 10 647 11 1,607 47 667 5 334 3 865 3 859 19 557 174 897 308 2,316 8,427 7 12 86 434 91 199 1,152 2,974 52 4 55 387 63 l 83 632 56 4 45 321 46 6 51 296 278 16 146 1,014 18 10 40 266 53 20 28 139 63 3 34 321 30 140 33 533 1,236 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 e x c e p t U. S. Government U. S . Government d e p o s i t s I n t e r b a n k demand d e p o s i t s : Domestic banks F o r e i g n banks Borrowings: From F e d e r a l Reserve Banks From o t h e r s Other l i a b i l i t i e s CAPITAL ACCOUNTS %jf E x c l u s i v e of l o a n s t o banks and a f t e r deduction of v a l u a t i o n r e s e r v e s ; i n d i v i d u a l l o a n items a r e shown gross* 1 - - 63 407
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