The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM (For Immediate Release) November 7, 1951 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 31: An increase of $>158 million in l o a n s ; decreases of $231 m i l l i o n in reserve balances with Federal Reserve Banks, $127 m i l l i o n i n demand deposits a d j u s t e d , and $291 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 an increase of $142 m i l l i o n i n borrowings. 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 $27 million in Chicagp_ $19 m i l l i o n in t h e New York D i s t r i c t , $15 million in t h e Dallas D i s t r i c t , and $12 m i l l i o n each in t h e Boston and Kansas City d i s t r i c t s . The i n c r e a s e s were l a r g e l y in loans t o processors and d i s t r i b u t o r s of food products, and t o public u t i l i t i e s . They were p a r t i a l l y o f f s e t by net repayments by s a l e s f i n a n c e companies and manuf a c t u r e r s of t e x t i l e s , a p p a r e l , and l e a t h e r . These changes according to i n d u s t r y of borrower a r e p r e l i m i n a r y ; a complete a n a l y s i s w i l l be a v a i l a b l e i n another p r e s s r e l e a s e next Tuesday, which w i l l include the purpose c l a s s i f i c a t i o n . Real e s t a t e loans would have shown a decrease except f o r a new bank added to the s e r i e s by absorption i n t h e Boston 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 $46 m i l l i o n and holdings of United S t a t e s Government bonds increased by t h e same amount, Holdings of "other s e c u r i t i e s " decreased $102 m i l l i o n in New York City and by t h e same amount a t a l l r e p o r t i n g member banks. Demand deposits a d j u s t e d decreased $237 m i l l i o n i n New York City, and they i n creased $43 m i l l i o n i n t h e San Francisco D i s t r i c t and ij,;4l m i l l i o n in t h e Chicago D i s t r i c t . Although time d e p o s i t s show an increase of $80 m i l l i o n , $67 million was in t h e Boston D i s t r i c t l a r g e l y t h e r e s u l t of a bank a b s o r p t i o n . , H.lu2 Increase or decrease since Nov. 1, Oct. 2U, 1950 1951 (In mi].lions of d o l l a r s / + i|2 +3,111 72,6)48 +4,696 +158 34,083 +159 +4,779 3b,562 +4,095 + 99 20,571 Oct. 31, 1951 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 to brokers and d e a l e r s f o r purchasing or c a r r y i n g : 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 c a r r y i n g : 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 Reserves 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 Sorrowings _ _ _ _ _ _ _ _ Debits to demand d e p o s i t accounts, except interbank and U. S. Government accounts, during week 17 ~ 134 943 + 15 - 32 - 127 557 5,653 627 5,950 31,926 3,748 3,010 5,956 19,212 6,639 14,437 870 2,439 + 3 55 11 527 315 164 -1,609 +1,267 +1,962 -1,804 -3,034 + 324 +2,033 + 77 + 217 52,124 16,107 2,693 10,295 1,225 644 + + + + 52 15 lit 15 46 1 , 461/ -102 -231 - 31 -120 ; % / -291 -170 + 1 +142 205 73 +2,653 + 710 + 764 + 919 - 202 + 300 27,1*91 Changes i n r e a l e s t a t e loans, United S t a t e s Government bonds, and time deposits a r e due in p a r t to a change i n t h e composition of reporting banks in t h e Boston District, H.4.2(a) ASSETS AED LIABILITIES OF WEEKLY REPORTING MEMBER' BANKS IK LEADING CITIEE OCTOBER 31, 1951 Total F e d e r a 1 _ R_ e_ _s e r v e .JUL s t r i ' Hew P h i l a - CleveAll Richl S t . MinneD i s t r i c t s Boston^ York d e l p h i a land mond IAtlanta Cmcago [ L o u i a a p o l i s ASSETS ( (in mi-'.lions of d o l l a r s ) Loans and investments - t o t a l 72,648 23,096 3,336 2,847 5,194 2,989 2,692 10,058 2,426 1,246 Loans - n e t # 11,861 34,083 1,557 2,068 1,345 1,172 1,073 3,807 1,260 605 Commercial, i n d u s t r i a l , and a g r ' l loans 20,571 996 7,990 793 1,248 567 624 2,598 707 334 Loans t o brokers and d e a l e r s f o r purchasing or c a r r y i n g : U.S. Government o b l i g a t i o n s 110 134 1 3 7 5 5 2 Other s e c u r i t i e s 11 730 943 32 25 6 12 77 7 2 Other loans f o r purchasing or carrying $ U.S. Government o b l i g a t i o n s 127 7 35 10 3 12 10 15 8 2 Other s e c u r i t i e s 21 557 233 7 62 43 60 24 13 6 Real e s t a t e l o a n s \ f 5,653 234 853 132 403 234 89 487 112 244 Loans t o banks 627 27 8 540 10 5 4 2 7 3 Other l o a n s 286 5,950 1,537 393 345 316 327 621 290 150 U.S. Government s e c u r i t i e s - t o t a l 31,926 1,516 1,166 9,049 2,635 1,631 1,305 5,328 . 993 510 Treasury b i l l s 1,068 3,748 234 99 266 359 171 305 113 50 Treasury c e r t i f i c a t e s of indebtedness 3,010 152 430 73 296 129 240 609 180 30 Treasury n o t e s 162 5,956 1,551 190 403 310 329 1,027 175 113 U.S. bonds 1 / 19,212 968 5,942 004 1,497 926 637 3,307 525 301 Other s e c u r i t i e s 2,186 263 6,639 336 491 186 234 923 173 131 Reserves w i t h Federal Reserve Banks 552 5,408 14,437 547 932 537 5.11 2,120 472 240 Cash i n v a u l t 070 190 07 59 47 76 106 43 33 14 Balances with domestic banks 123 142 122 2,439 152 184 212 312 124 94 Other a s s e t s - n e t 1,367 516 83 79 54 55 64 90 31 17 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 17,779 2,735 2,264 52,124 3,695 2,326 2,02: 6,954 1,546 832 Time d e p o s i t s except Govt, 1 / 16,107 2,665 542 1,420 611 432 2,696 533 476 235 U. S . Government d e p o s i t s 86 102 2,693 951 220 135 95 70 440 53 I n t e r b a n k demand d e p o s i t s : Domestic banks 10,295 305 3,053 407 520 600 490 1,543 736 354 Foreign banks 1,011 12 1,225 30 6 9 10 42 3 3 Borrowings 22 20 259 13 644 18 103 15 3 Other l i a b i l i t i e s 1,840 63 1,041 61 39 32 41 105 31 21 CAPITAL ACCOUNTS 6,833 379 2,593 339 253 499 221 003 209 110 Debits t o demand d e p o s i t accounts, except i n t e r b a n k and U.S. Govt, accounts 1,196 11,624 908 1,714 27,491 982 ir I n d i v i d u a l l o a n items are r e p o r t e d gross, i . e . , before deduction of valuation r e s e r v e s , e s t a t e l o a n s , United S t a t e s Government bonds, and time d e p o s i t s , are due i n p a r t to a 357 c t Kansas San C i t y Dallas Francisco 2,993 1,241 030 2,847 1,482 1,020 7 9 1 25 5 13 13 47 165 122 1 2 229 205 1,477 1,196 423 273 217 140 264 197 573 570 275 169 576 562 35 40 299 397 46 80 7 20 2,578 18 1,171 5,040 299 432 1,155 3,154 1,272 1,950 140 270 244 2,121 433 113 954 3 55 30 240 2,255 434 123 001 10 5 43 255 7,595 5,630 297 532 86 131 333 932 3,743 " 460 987829" 879 in Boston D i s t r i c t , •o a r t i c u l s r l y i;224 1 12,924 6,612 2,264
@FedFRASER