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H.k.2 BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM (Fbr Immediate Release) November 3, 195k CONDITION OF "WEEKIff 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 leading c i t i e s shows t h e following p r i n c i p a l changes f o r t h e week ended October 27: An i n c r e a s e of $580 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 $375 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 $30k 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 to domestic b a n k s . 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 $6k m i l l i o n in New York C i t y , $16 m i l l i o n i n the Cleveland D i s t r i c t , and $13 m i l l i o n i n the P h i l a d e l p h i a D i s t r i c t , and they i n c re ase d $12 m i l l i o n i n t h e S t . Louis D i s t r i c t ? t h e r e was a n e t decrease of $83 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 to i n d u s t r y appear i n another p r e s s r e l e a s e * Real e s t a t e loans increased $23 m i l l i o n . Holdings of Treasury b i l l s i n c r e a s e d $78 m i l l i o n a t a l l r e p o r t i n g member banksJ t h e p r i n c i p a l changes were i n c r e a s e s of $77 m i l l i o n i n New York C i t y and $k0 m i l l i o n i n Chicago, and decreases of $32 m i l l i o n i n t h e San Francisco D i s t r i c t and $26 m i l l i o n i n t h e Kansas City D i s t r i c t . Holdings of Treasury c e r t i f i c a t e s of indebtedness decreased $27 m i l l i o n . Holdings of Treasury notes and of United S t a t e s Government bonds i n c r e a s e d $39 m i l l i o n and $1*0 million, r e s p e c t i v e l y # 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 $167 m i l l i o n i n New York C i t y , $lk2 m i l l i o n i n the Cleveland D i s t r i c t , $138 m i l l i o n i n t h e Chicago D i s t r i c t , and by smaller amounts i n a l l b u t one of t h e 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 $29 m i l l i o n . United S t a t e s Government d e p o s i t s and demand d e p o s i t s c r e d i t e d to domestic banks decreased i n a l l d i s t r i c t s . Borrowings decreased $60 m i l l i o n a t a l l r e p o r t i n g member banks. A summary o f 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. 27, 195k I n c r e a s e or decrease s i n c e O c t . 20, Oct* 20, 1951t 1953 ([In m i l l i o n s of d o l l a r s ) ASSETS Loans and investments a d j u s t e d ! / Loans 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 Loans to b r o k e r s and d e a l e r s f o r purchasing o r c a r r y i n g s e c u r i t i e s Other loans f o r purchasing o r 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 81,789 38,679 21,043 +llk *•* 30 - 83* +6,057 - 809 -2,258 2,lt07 993 6,978 7,920 - 5 + 20 + 23 + 15* + + + - 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 37,533 2,706 2,375 8,688 23,76k 8,577 +130 + 78 «* 27 + 39 + kO + Ik +5,738 + 318 -3,127 + 2,03k +6,513 +1,128 Loans to banks Reserves with Federal Reserve Banks Cash i n v a u l t Balances with domestic banks 709 13,86k 1,003 2,662 - 28 - 60 + 56 -12k - 56,050 21,375 3,990 11,190 l,3k9 621 +580 + 29 -375 -30k - 8 - 60 +1,358 +2,256 +I,k59 + 568 + 76 - 228 + 7kk 269 5k0 63 97 296 1 k5 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 1 / Exclusive of loans to 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 gross* * October 20 f i g u r e s r e v i s e d (New York D i s t r i c t ) # ASSETS AND LIABI Total All Boston Districts New York F e d e r a 1 R e s e r v e D jL s t r i c t San P h i l a - Cleve- Rich- A t l a n t a Chicago S t . Minne- Kansas D a l l a s a p o l i s C i t y F r a ncisco Louis mond delphia land ( I n m i l l i o n s of d o l l a r s ) ASSETS Loans and i n v e s t m e n t s a d j u s t e d ! / Loans a d j u s t e d ! / Commercial, i n d u s t r i a l , and a g r ' l l o a n s Loans t o b r o k e r s and d e a l e r s f o r p u r c h a s i n g or c a r r y i n g s e c u r i t i e s Other l o a n s f o r p u r c h a s i n g o r c a r r y i n g securities Real e s t a t e l o a n s Other l o a n s "84,789 38,679 21,043 3,806 1,909 1,093 26,582 12,821 7,835 3,311 1,715 887 5,896 2,309 1,103 3,354 1,459 654 3,183 1,298 753 11,557 4,223 2,514 2,755 1,353 697 1,489 670 329 3,381 1,421 860 3,665 1,948 1,287 15,810 7,553 3,031 2,407 33 1,865 50 102 25 15 224 13 3 12 14 51 993 6,978 7,920 21 343 458 401 930 2,021 33 198 583 75 564 517 89 291 418 33 99 420 144 652 785 22 270 370 13 144 190 20 231 310 98 157 410 44 3,099 1,438 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 37,533 2,706 2,375 8,688 23,764 8,577 1,534 132 111 197 1,094 363 10,946 895 606 2,471 6,974 2,815 1,137 57 79 195 806 459 2,951 138 201 740 1,872 636 1,630 89 95 355 1,091 265 1,598 147 146 4l8 887 287 6,216 356 329 1,535 3,996 1,118 1,184 83 64 340 697 218 678 73 60 183 362 l4l 1,601 177 102 435 886 359 1,489 172 155 282 880 228 6,569 387 426 1,537 4,219 1,688 Loans t o banks Reserves w i t h F e d e r a l Reserve Banks Cash i n v a u l t Balances w i t h domestic banks Other a s s e t s » n e t L I A B I L I T I E S 709 13,864 1,003 2,662 1,798 27 567 76 109 102 436 4,812 232 153 710 15 523 55 104 72 48 932 98 151 94 24 519 83 186 63 10 496 48 237 62 63 2,055 121 329 128 27 450 35 150 41 5 233 14 84 21 11 563 42 347 47 11 618 47 510 118 32 2,096 152 302 340 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 Other l i a b i l i t i e s CAPITAL ACCOUNTS 56,050 21,375 3,990 2,961 619 179 18,066 4,605 1,575 2,432 586 149 4,032 1,714 238 2,453 712 184 2,275 615 128 7,445 3,176 593 1,732 538 107 943 276 68 2,375 564 129 2,676 724 135 8,660 7,246 505 378 3 21 29 128 982 2 13 33 293 988 15 10 63 358 559 121 30 478 1,133 1/ 1,809 769 677 505 432 11,190 3,199 537 355 4 8 48 8 10 16 1,083 31 1,349 18 14 12 72 13 45 621 334 39 84 48 151 39 1,179 51 91 55 2,301 251 298 270 2,884 412 959 369 594 7,949 E x c l u s i v e of l o a n s t o banks and a f t e r d e d u c t i o n 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 ;are shown g r o s s .