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BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM g,4.2 (For Immediate Release) November 9, 1949 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 November 2: An increase of $400,000,000 in loans, decreases of $437,000,000 in holdings of United States Government securities and $481,000,000 in demand deposits adjusted, and an increase of $514,000,000 in borrowings. Commercial, industrial, and agricultural loans increased $17,000,000 in the San Francisco District, $15,000,000 in New York City, and $13,000,000 in the Dallas District, and decreased $16,000,000 in the Chicago District and $11,000,000 in the Cleveland District; the net increase at all reporting member banks was $19,000,000. Loans to brokers and dealers for purchasing or carrying United States Government and other securities increased $338,000,000, largely in New York City. "Other loans increased $32,000,000. Holdings of Treasury bills decreased $251,000,000 in New York City and a total of $365,000,000 at all reporting member banks. Holdings of Treasury certificates of indebtedness decreased $105,000,000, of which $76,000,000 was in New York City. Holdings of United States Government bonds increased $33,000,000. Holdings of "other securities»decreased $39,000,000 in New York City and a total of $54,000,000 at all reporting member banks. Demand deposits adjusted decreased $288,000,000 in New York City, $102,000,000 in the Chicago District, and by smaller amounts in nearly all of the other districts. United States Government deposits decreased $133,000,000. Demand deposits credited to domestic banks and to foreign banks increased $168,000,000 and $61,000,000, respectively. Borrowings increased $422,000,000 in New York City and $105,000,000 in Chicago. A summary of the assets and liabilities of reporting member banks follows: Increase or decrease since Nov. 2, 1949* A S S E T S Loans and investments - total Loans - net Loans - gross Commercial, industrial, and agricultural loans Loans to brokers and dealers for purchasing or carrying: U. S. Government obligations Other securities Other loans for purchasing or carrying: U. S. Government obligations Other securities R^al estate loans Loans to banks Other loans Oct. 26, 1948 (In millions of dollars) 66,681 24,321 24,633 13,699 91 + 400 + 400 + 19 +4,449 - 409 - 345 -1,734 853 765 + 289 + 49 + + 630 326 7 - 30 68 225 88 394 177 420 4,246 207 4,266 - - - - - 7 4- 25 + 32 U. S. Government securities - total Treasury bills Treasury certificates of indebtedness Treasury notes U. S. bonds Other securities 37,401 2,617 7,286 1,150 26,348 4,959 Reserve with Federal Reserve Banks Caeh in vault Balances with domestic banks L I A B I L I T I E S Demand deposits adjusted Time deposits except Govt. U. S. Government deposits Interbank demand deposits: Domestic banks Foreign banks Borrowings 12,339 735 2,146 + 299 46,860 15,261 2,457 9,159 1,374 647 481 18 133 + 168 + 61 + 514 Debits to demand deposit accounts, except interbank and U. S. Govt, accounts, during week 22,515 •Preliminary (San Francisco District) because of holiday. •Nov. 3, 1949 - • + - - - - - 437 365 105 33 54 56 37 + + +4,133 + 239 +2,863 - 523 +1,554 + 725 -2,191 78 - 104 + + + 253 348 860 66 49 + 435 ASSETS AND LIABILITIES OF WEEKLY REPORTING MEMBER BANKS IN LEADING CITIES, NOVEMBER 2, 1949 R e s e r v e D i s t r i c t Federal Total* St. Minne- Kansas RichCleveSan New Philaall Atlanta Chicago Dallas Boston City apolis Louis mond Francisco land delphia York districts (in millions of dolLiars) A S S E T S 1,268 2,539 2,465 11,626 2,678 4,652 2,740 9,455 2,212 2,373 21,656 66,681 3,017 Loans and investments - Total 844 2,534 909 1,099 433 4,989 956 1,439 859 1,022 903 8,334 24,321 Loans - net# 220 1,618 584 762 1,984 800 508 534 389 621 5,202 477 13,699 Commercial, industrial, and agr'l loans Loans to brokers and dealers for purchasing or carrying: __ 4 1 38 11 1 783 15 U. S. Government obligations 853 6 48 2 8 17 20 621 5 5 17 7 765 9 Other securities Other loans for purchasing or carrying: 10 10 20 12 11 3 2 9 5 11 32 52 177 U. S. Government obligations 28 10 11 20 8 54 5 39 23 18 31 420 173 Other securities 68 2,172 89 185 133 201 288 440 101 l4l 355 4,246 73 Real estate loans — 12 8 4 26 41 9 5 131 207 7 Loans to banks 203 825 426 176 132 217 1,046 227 301 254 239 220 4,266 Other loans H. 4.2(a) - - U. S, Government securities-total Treasury bills Treasury certificates of indebtedness Treasury notes U, S. bonds Other securities 37,401 2,617 7,286 1,150 26,348 4,959 Reserve with Federal Reserve Banks Cash in vault Balances with domestic banks -Other assets - net L I A B I L I T I E S Demand deposits adjusted Time deposits except Govt. U. S. Government deposits Interbank demand deposits: Domestic "banks Foreign banks Borrowings Other liabilities CAPITAL ACCOUNTS 12,339 735 2,146 1,201 46,860 15,261 2,457 9,159 1,374 64'7 1,104 6,240 1,813 11,914 1,509 108 175 723 192 2,135 365 31 292 43 8,764 1,111 1,297 1,408 328 182 460 49 87 77 4,966 165 125 475 465 42 98 57 2,438 16,477 2,056 2,448 439 472 916 172 97 2,788 373 277 26 11 1,170 4 445 9 44 645 31 316 2,498 327 2,843 1,668 115 123 259 395 100 42 2,225 1,252 151 370 1,320 55 359 37 869 209 6,189 720 1,194 234 4,04l 732 1,086 33 244 39 770 170 444 61 158 49 389 37 167 53 1,805 92 306 96 380 27 122 26 3,139 2,015 1,364 599 103 175 405 451 8 4 21 17 18 37 229 474 1,690 541 60 488 11 4 29 196 6,276 2,578 450 1,487 42 117 74 730 1,382 485 52 637 3 8 18 182 661 2,988 638 723 75 155 64 Debits to demand deposit accounts, except interbank and U. S. Govt, accounts 808 807 1,190 944 10,157 22,515 ^Individual loan items are reported gross, i»e.. before; deduction of valuation reserves. ^Preliminary (San Francisco District) becam :e of holiday. 725 1,396 1,238 162 113 43 180 348 353 68 44 22 480 818 728 110 128 234 5,700 247 1,262 198 3,993 937 205 12 88 16 470 33 306 52 1,573 115 260 210 845 1,847 1,959 386 251 435 47 74 47 653 322 793 1 9 3 - 8 2 16 14 17 202 102 207 6,736 5,263 264 485 86 12 161 777 681 2,500 396 459 27 274 26 745
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