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BOARD GF GOVERNORS OF THE FEDERAL RESERVE SYSTEM (For Immediate Release) November 21*, I9U8 CONDITION OF TJEEKLY REPORTING MEMBER BANKS IN LEADING CITIES The c o n d i t i o n statement of weekly reporting member banks i n leading c i t i e s shows the f o l l o w i n g p r i n c i p a l changes f o r the week ended November 17* Increases of $206,000,000 i n holdings of United S t a t e s Government s e c u r i t i e s , $191,000,000 i n United S t a t e s Government d e p o s i t s , and $286,000,000 i n demand d e p o s i t s c r e d i t e d t o domestic banks. 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 decreased 8)2,000,000 i n New York C i t y , $ 1 0 , 0 0 0 , 0 0 0 i n the Boston D i s t r i c t , and $15,000,000 a t a l l reporting member banks, and increased $18,000,000 i n the S t . Louis D i s t r i c t and $11,000,000 i n the San Francisco D i s t r i c t * Loans t o brokers and dealers f o r purchasing or carrying United S t a t e s Government and other s e c u r i t i e s increased $90,000,000* Holdings of Treasury b i l l s decreased $50,000,000 i n New York C i t y and increased i n a l l of the other d i s t r i c t s ; there was a net increase of $57*000,000 a t a l l reporting member banks. Holdings of Treasury c e r t i f i c a t e s of indebtedness increased $96,000,000 i n New York C i t y and $95#000,000 at a l l reporting member banks. Holdings of United S t a t e s Government bonds increased $3l*,000,000. Demand d e p o s i t s adjusted decreased $61*, 000,000 i n New York C i t y , $25,000,000 i n the Richmond D i s t r i c t , and $21,000,000 a t a l l reporting member banks, and increased $29,000,000 i n the Dallas D i s t r i c t , $26,000,000 i n the Cleveland D i s t r i c t , and $22,000,000 i n the Kansas C i t y D i s t r i c t . Demand d e p o s i t s c r e d i t e d t o domestic banks increased $81**000,000 i n New York C i t y , $63,000,000 i n the Chicago D i s t r i c t , and $1*3,000,000 i n the San Francisco D i s t r i c t , Borrowings decreased $23,000,000 i n the Cleveland D i s t r i c t , $18,000,000 i n New York C i t y , $17,000,000 i n the San Francisco D i s t r i c t , and $ 6 6 , 0 0 0 , 0 0 0 at a l l report? ing member banks, 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* H.l*.2 Nov, 17, 19W 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 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 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 adjusted Time d e p o s i t s 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 Debits t o demand d e p o s i t accounts, except interbank and U. S.Govt. accounts, during week #See f o o t n o t e on f o l l o w i n g page. Increase or decrease s i n c e Nov. 10, Nov. 19, 19U7 19k8 ( I n m i l l i o n s of d o l l a r s ) +269 + 81 + 81 - 15 -2,277 +2,070 +2,191* +1,286 392 + 77 + 13 - 22 202 1*76 k,035 228 3,882 33,525 2,511 1,515 1,678 2l*,82l + 2 - 2 + 7 - 9 + 8 +206 + 57 - 237 1*0 62,61*7 2h,9bh 25,193 15,568 1*10 k,W + 95 * 20 + 3I* 2,350 - 18 - 27 - 25 +11*2 1*6,907 Ik,87k 1,661* 9,538 1,1*16 139 - 21 - 29 +191 +286 + 11 - 66 Ik,557 825 21,1*89 + + 18 656 + 1*8 + 1*85 -I*, 3d* +1,1*70 + 750 - 351 *6,173 1*3 +2,11*0 + 8 - Ill + + + - 715 360 5k7 552 39 62 ASSETS AND LIABILITIES CP MEEKLY REPORTING MEHBER BANKS IH LEADING CITIES, NOVEMBER 17, I9L8 F e d e r a l R e s e r v e D i s t r i c t San St. Minne- TEansas CleveRichNew P h i l a All Atlanta Chicago Louis a p o l i s C i t y Dallas Francisco Boston delphia land mond York Lstricts H.l*.2(a) ASSETS Loans and investments - t o t a l Loans - n e t # Commaroial, i n d u s t r i a l & agr*1 loans Loans t o brokers and d e a l e r s for 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 D. 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 i n v a u l t Balances with domestic banks Other a s s e t s - n e t L I A B I L I T I E S Demand d e p o s i t s adjusted Time d e p o s i t s 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 Other l i a b i l i t i e s CAPITAL ACCOUNTS ( I n m i l l i o n s of d o l l a r s ) 62,61*7 21*, 9W* 15,568 392 l*io - » . 1 16 356 300 7 7 7 12 5 7 16 35 1 5 25 61* 336 31 1*07 5,173 11 11,069 5.079 2,252 k 5 12 6 16 12 1*2 127 89 1 — — 160 189 1,320 1,087 171* 1*9 278 233 69 90 736 778 120 203 570 577 30 33 306 315 27 U9 19 30 2,085 1 730 5,221 2d* 1,010 253 3,75k 769 2,003 1* 2 2,350 1,213 16 18 31* 13 3U 3 21 8 23 205 36 17 1*11 203 65 275 91 134 1 6 1 1 * 175 5 201 215 191 271* 219 975 1,597 10,779 1,1*03 2,511 1,533 1,252 181 50 158 962 17U 73 203 231* 136 279 231 1,029 61 11*5 73 91 75 335 1,101 8,1*53 1,031* 1,951 1,196 850 1,212 111 271 189 129 336 501 51*1 892 551 591 5,579 1*1* 1*6 61 67 177 89 161 111* 120 190 132 156 68 52 50 1*91 83 53 593 386 3,862 620 2,055 105 3U7 93 16,907 l b , 871 1,66k 9,538 1,1*16 139 1,062 5,992 2,121 16,519 2 , 0 9 0 3,ol*l* 2,028 1,767 581* 531* 1*83 2,375 1*55 1,362 136 70 U3 558 69 93 1*80 1*32 523 297 2,923 377 12 13 23 1,231 5 7 1 91 I ? 5 28 26 1*0 601 15 51 219 185 322 2,1*27 1*63 306 6,103 1,370 2,1*58 1*73 51 333 1,1*96 673 1 30 11 12 70 19 175 693 835 1,81*9 1,961* 1*08 251* 381 1*1* 29 57 81*2 325 655 1 3 5 — — 5 16 ti* 11* 192 195 97 6,917 5,107 181 515 85 6 168 718 3,ti*o 1*52 888 2,718 202 1*76 U.035 228 3,882 53.525 2,511 i*, 515 1,678 2k,821 U,I78 tit, 557 825 Debits t o demand d e p o s i t accounts, except 21,189 interbank and U.S.Govt, accounts $See f o o t n o t e on orev5ovs na»e. • , • 8,595 2,11*1 1,188 2,1*08 2,313 2,802 1,027 885 1,106 1*35 251 1,912 771 635 579 2,811 20,31*6 2,597 1*,330 2,537 2,312 871 1,103 8,355 875 923 1,U83 1*15 928 536 555 736 5.998 8,360 870 • T 809 4 1,287 821 & 1 * 332 739 • , * 7 6 61 12 158 3 — 209 976 112 673 61 132 660 1*1*6 80 21*3 11* 96 16 93 157 66 3k 138 1*5U 30 123 25 671* »i 4T 731 129 290 206 #