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BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM H*4,2 (For Immediate Release) November 5, 1958 CONDITION OF WEEKLY REPORTING MEMBER BANKS IN LEADING CITIES The condition statement of weekly reporting member banks in leading cities shows the following principal changes for the week ended October 29: Decreases of $222 million in holdings of U. S. Government securities, $279 million in U. S, Government deposits, and $241 million in demand deposits credited to domestic banks, and an increase of $580 million in demand deposits adjusted. Commercial and industrial loans increased $17 million in the St. Louis District, $12 million in the Philadelphia District, and $11 million in New York City, and decreased $51 million in Chicago; there was a net increase of $9 million at all reporting member banks. Changes according to industry appear in another press release, Real estate loans increased $29 million. Holdings of all categories of U, S. Government securities decreased: Treasury bills by $96 pillion, Treasury certificates of indebtedness $67 million, Teeasury notes $11 million, and U. S„ Government bonds by $48 million, Demand deposits adjusted increased $260 million in New York City, $136 million in the Chicago District, $62 million in the San Francisco District, $44 million in the Philadelphia District, and-$31 million in the Minneapolis District. Borrowings from Federal Reserve Banks decreased $480 million and borrowings from others decreased $143 million, A summary of assets and liabilities Of reporting member banks follows; ASSETS Loans and investments adjusted l/ 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 - total Treasury bills Treasury certificates of indebtedness Treasury notes U. S, bonds Other securities Loans to banks Reserves with Federal Reserve Banks Cash in vault Balances with domestic banks JUL A B X L I T 2 S 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 1/ Exclusive of loans to banks and after deduction loan items are shown gross. Increase or October 29, decrease since 1958 Oct, 22, Oct. 30, 1957 1958 " (In mil:Lions of dollars) 93,906 52,780 29,731 606 — + + + 1,641 1,240 9,350 11,388 31,632 1,770 3,999 6,751 19,112 9,494 1,472 12,815 1,051 2,436 156 84 9 13 5 + + + - — - — — + + 10 29 29 222 96 67 11 48 18 1 450 33 21 + 580 57,283 + 28,233 3 — 2,134 279 10,993 241 — 1,487 7 480 224 933 143 of valuation reserves; +7,163 - 834 -1,573 + 154 - 1 + 134 + 592 23+6,441 + 614 +2,399 +2,320 +1,108 *1,556 + 112 - 552 2 + 92 +1,478 +4,259 + 274 + 839 - 227 - 365 + 46 individual ASSETS AND LIABILITIES OF WEEKLY REPORTING MEMBER BANKS IN LEADING CITIES, OCTOBER 29, 1958 Reserve D i b t r let F e d e r a 1 Total St. Minne- Kansas San New Phila- Cleve- RichAll Atlanta Chicago Louis apolis City Dallas Francisco delphia Districts Boston York land mond (In millions of dollars) A S S E T S 4,128 28,044 6,576 93,906 3,736 3,495 3,731 12,204 2,951 1,641 3,688 4,436 19,276 Loans and investments adjusted l/ 1,944 1,974 6,010 1,631 52,780 2,486 16,574 2,187 3,518 958 1,956 2,668 10,874 Loans adjusted 1/ 8o4 1,456 11,291 1,049 1,197 1,751 29,731 907 3,639 503 1,016 1,611 4,507 Commercial and industrial loans 8 606 2 1 16 16 40 15 30 15 163 7 293 Agricultural loans Loans to brokers and dealers for 108 26 1,126 1,641 161 36 10 60 29 36 21 25 3 purchasing or carrying securities Other loans for purchasing or carrying 1,240 226 142 21 180 43 49 11 385 51 25 70 37 securities 221 205 833 390 893 306 4,162 9,350 392 1,255 273 193 227 Real estate loans 664 644 2,935 11,388 605 1,243 490 749 247 751 453 635 1,972 Other loans 2,401 1,416 1,463 8,476 1,243 963 4,958 1,067 tj. S. Government securities - total 31,632 6,322 513 1,360 1,450 66 20 83 69 107 651 1,770 47 141 295 Treasury bills 135 77 79 1,183 119 164 170 Treasury certificates of indebtedness 330 522 169 239 781 175 52 3,999 95 1,028 281 106 214 780 320 256 6,751 256 Treasury notes 1,107 1,799 329 275 1,222 1,011 4,843 665 19,112 650 532 789 3,113 U. S. bonds 4,293 732 335 927 1,236 341 2,080 170 9,494 345 329 657 318 253 Other securities 399 2,994 372 8 16 10 24 12 10 6 1,472 134 13 972 1 266 Loans to banks 4,208 200 478 12,815 899 511 501 425 528 1,709 Reserves with Federal Reserve Banks 529 2,236 591 83 236 109 1,051 65 54 119 180 54 47 Cash in vault 17 50 37 260 164 308 2,436 154 150 92 154 78 211 Balances with domestic banks 453 75 337 100 112 40 186 98 42 89 2,872 130 207 1,273 Other assets - net 72 523 L I A B I L I T I E S 4,181 3,090 18,011 2,410 Demand deposits adjusted 2,585 2,325 7,396 1,697 57,283 915 2,407 2,715 9,551 6,468 2,014 Time deposits except U. S. Government 9,820 381 706 687 3,625 907 657 28,233 937 735 1,296 80 84 46 280 161 112 U. S. Government deposits 106 2,1}4 89 314 91 672 99 "Interbank demand deposits: Domestic banks 3,084 490 944 722 449 512 1,719 776 976 10,993 374 550 397 8 4 16 160 10 2 Foreign banks 12 1,170 1,487 23 30 47 5 Borrowings: x 10 24 4 12 11 224 1 From Federal Reserve Banks 78 25 25 27 7 42 24 141 From others 41 24 30 96 344 92 31 33 933 35 120 Other liabilities 229 650 76 50 90 50 149 74 1,552 3,158 39 79 1,230 174 485 394 10,107 376 313 495 425 365 1,533 758 C A P I T A L A C C O U N T S 3,559 \J Exclusive of loans tn bank* and after deduction of valuation reserves; individual loan items are shown gross. H.4.2(a)
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