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H.ii*2 BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM (For Immediate Release) October 12, 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 October A decrease of $229,000,000 in loans; increases of $248,000,000 in holdings of United States Government securities, $227,000,000 in reserve balances with Federal Reserve Banks, $218,000,000 in balances with domestic banks, and $741,000,000 in demand deposits credited to domestic banks; and decreases of $171>000,000 in demand deposits adjusted and $265,000,000 in borrowings. _ s Commercial, industrial, and agricultural loans increased in most of the districts and a total of $50,000,000 at all reporting member banks; the principal changes were increases of $19,000,000 in the St. Louis District and $18,000,000 in New York City, and a decrease of $24,000,000 in the San Francisco District. Loans to brokers and dealers for purchasing or carrying United States Government securities decreased $233,000,000, largely in New York City. Holdings of Treasury bills increased $52,000,000 in the San Francisco District and $35,000,000 in New York City, and decreased $31,000,000 in the Kansas City District; the net increase at all reporting member banks was $109,000,000• Holdings of Treasury certificates of indebtedness increased in most of the districts and a total of $109,000,000 at all reporting member banks; the principal increases were $30,000,000 in New York City and $29,000,000 in the San Francisco District. Demand deposits adjusted decreased $131,000,000 in New York City, $35>000#000 in the Kansas City District, and $30,000,000 in the San Francisco District; and they increased $36,000,000 in the Richmond District. Demand deposits credited to domestic banks increased in all districts. Demand deposits credited to foreign banks increased $72,000,000. Borrowings decreased $183,000,000 in New York City and $56,000,000 in Chicago. A summary of the assets and liabilities of reporting member banks follows: Increase or decrease since 5, j Sept. 28, Oct. 6, 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 Real estate loans Loans to banks Other loans 1949 1948 (In millions of dollars) + 15 +3,903 66,077 - 762 229 23,769 - 700 229 2/4,079 + -1,877 50 13,434 758 706 190 445 it, 212 155 4,179 + + + — + 233 29 5 2 5 84* 7* + + 489 296 + + 35 44 242 84 313 37,252 2,717 7,290 1,128 26,117 5,0 56 + 248 + 109 + 109 + 4 + 26 — 4 +4,017 + 890 +2,815 - 590 + 902 + 648 12,232 Reserve with Federal Reserve Banks 738 Cash in vault 2,261 Balances with domestic banks L I A B I L I T I E S 46,286 Demand deposits adjusted 15,270 Time deposits except Govt. 2,798 U. S. Government deposits Interbank demand deposits: Domestic banks 9,375 1,356 Foreign banks Borrowings 94 Debits to demand deposit accounts, except interbank and U. S. Govt. accounts, during week 22,795 * September 28 figures revised (Chicago District) http://fraser.stlouisfed.org/ + 227 65 + 218 -2,o4l 5o + 53 171 11 + 41 + 741 + 72 265 - 155 + 345 +1,125 + 351 51 33 U. S. Government securities - total Treasury bills Treasury certificates of indebtedness Treasury notes U. S. bonds Other securities Federal Reserve Bank of St. Louis - ASSETS AMD LIABILITIES OF WEEKLY REPORTING iiEiiBER' BA1-IKS IN LEADING CITIES, OCTOBER 5y 1949 Re s e r v e F e d Ie r a 1 D i s t r i 6 t Total all St. CleveRichMinne- Kansas San New PhilaDallas Atlanta Chicago districts Boston mond Louis apolis City Francisc York delphia land (In millions of do]Liars) A S S E T S 1,282 2,494 2,414 11,587 2,198 4,628 2,350 2,697 9,300 2,643 66,077 2,990 21,494 Loans and investments — total 800 889 1,061 889 920 1,421 843 2,475 8,124 424 4,929 23,769 994 Loans - net# 220 720 811 1,603 567 385 507 610 473 1,949 5,115 474 13,434 Commercial, industrial, and agr'l loans Loans to brokers and dealers for purchasing or carrying: rir 6 1 1 15 719 7 9 758 U. S. Government obligations 8 8 6 2 21 38 8 21 567 7 15 706 5 Other securities Other loans for purchasing or carrying: 6 11 20 11 60 11 2 13 5 31 11 9 190 U. S, Government obligations 28 8 22 11 10 20 18 198 32 39 5 54 445 Other securities 2,170 286 200 181 67 89 100 71 133 141 349 425 4,212 Real estate loans — — 1 1 2 2 1 139 5 155 4 Loans to banks 813 228 220 212 130 173 204 218 1,014 292 251 424 4,179 Other loans H.4.2(a) „- U. S. Government securities-total Treasury bills Treasury certificates of indebtedness Treasury notes U. S. bonds Other securities 37,252 2,717 7,290 1,128 26,117 5,056 1,811 116 388 43 1,264 185 11,839 691 2,258 275 8,615 1,531 1,484 169 172 31 1,112 324 2,837 155 380 95 2,207 370 1,655 113 253 42 1,247 145 1,343 70 370 37 866 207 6,093 660 1,138 232 4,063 732 1,108 47 245 41 775 170 748 73 174 22 479 110 1,373 132 360 66 815 2?2 1,227 117 337 44 729 126 5,734 374 1,215 200 3,945 924 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 12,232 73 8 2,261 1,153 496 50 92 74 4,852 165 111 456 455 41 102 53 727 77 139 61 446 381 38 184 50 1,807 94 365 86 379 28 123 26 204 11 95 16 475 29 274 26 450 34 302 52 1,560 107 283 204 46,286 15,270 2,798 9,375 1,356 94 1,072 6,210 2,421 478 115 291 23 6 43 325 16,265 2,435 1,116 2,927 1,154 60 632 2,489 2,037 441 137 372 11 6 29 315 3,089 1,364 205 457 7 3 35 472 2,042 597 92 413 4 •W 17 228 1,683 543 66 478 12 1,380 485 56 626 3 4 19 181 826 252 62 343 3 5 16 101 1,819 386 70 803 1 5 13 201 1,920 451 51 595 10 2 17 206 6,634 5,263 333 500 86 27 194 6,170 2,575 495 1,570 42 3 70 727 678 2,952 660 426 756 659 2,586 64 191 49 Debits to demand deposit accounts, except 820 805 1,171 interbank and U. S. Govt, accounts 22,795 844 10,438 ^Individual loan items are reported gross, i.e., before deduction of valuation reserves. *""» — 154 771