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H.lu2 BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM (For Immediate Release) October 12, 1955 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 5: Decreases of SU55 million in demand deposits adjusted and $25U million in United States Government deposits, and an increase of $661* million in demand deposits credited to domestic banks. Figures shown in the attached tables—particularly those for commercial, industrial, and agricultural loans and real estate loans—have been revised to correct classification errors disclosed in a recent survey of credit extended to real estate mortgage lenders. Reporting banks were asked to reclassify loans as of October 5, furnishing data on both the old and new basis for that date; they were not asked to revise prior figures. The amounts shown for these classifications in the first column below are on the revised basis; the changes since September 28, 1955 and October 6, 19 5U, shown in the second and third columns, are on the old basis before revisions. In future releases, the year-ago comparisons will be between current revised figures and year-ago unrevised figures. The major effects of the revisions are to increase commercial and industrial loans by #280 million and to decrease real estate loans by the same amount. Commercial, industrial, and agricultural loans increased $U9 million during the week before the reclassification. Changes according to industry appear in another press release, together with the reclassification changes by districts. A summary of assets and liabilities of reporting member banks follows: Increase or decrease since 5, Oct. 6, Sept. 28, 1955** , 19% ,199? Oct. ASSETS (In millions of dollars) Loans and investments adjusted!/ 2/ Loans adjusted]/ £/ Commercial, industrial, and agricultural loansz/ Loans to brokers and dealers for purchasing or carrying securities!/ Other loans for purchasing or carrying securities^/ Real estate loansBZ Other loans 2/ 8U,637 15,652 21,989 U. S. Government securities - total Treasury bills Treasury certificates of indebtedness Treasury notes U. S. bonds Other securities £,/ 30,291 999 180 8,102 Loans to banks Reserves with Federal Reserve Banks Cash in vault Balances with domestic banks 2,556 1,18U 7,985 9,675 +1UU* +206* + U9* - 166 +7,107 +3,607 +1U8 : - k + 191 + 235 +1,358 +1,791 + 8 + 5 - 56 + 5 Zi'jU - 16 20,710 + 32 - 77 - 6 -1,998 - 506 -3,053 + 5o 870 13,287 979 2,509 + 36* 83 51 83 + + - 55.851 21,672 2,580 10.852 1,189 5U8 532 -1*55 + Itl* -251 +66it + 25 + 10) + 31) 8,691 327 167 75 21*1 LIABILITIES 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 +1,575 + 35U -2,810 + 892 20k + 618 1/ Exclusive of loans to banks and after deduction of valuation reserves; individual loan items are shown gross. 2/ Revised; see explanation in text above. * September 28 figures revised. ** Preliminary (San Francisco District). ASSETS AM? LIABILITIES OF WEEKLY REPORTING MEMBER B A M S IN LEADING CITIES, OCTOBER 5, 1955 F e d e r a l R e s e r v e D i s t r i c t Total San A H * Boston New Phila- Cleve- Rich- Atlanta Chicago St. Minne- Kansas Dallas Francisco* Louis apolis City mond land Districts York delphia (In millions of dollars) ASSETS 16,504 3,390 3,235 11,622 2,718 1,490 3,329 3,722 5,921 3,799 2 5 , 6 6 5 3,242 Loans and investments adjusted l/ 2/ 84,637 8,701 1,667 2,315 815 5,200 1,512 1,687 1,590 2,819 2,224 15,076 2,046 Loans adjusted l/ 2/ , 45,652 428 1,472 764 3,558 876 3,103 977 765 1,317 Commercial, industrial, and agr'l loansfv 24,989 1,312 9,359 1,058 Loans to brokers and dealers for 20 21 270 23 26 30 77 169 31 1,836 49 purchasing or carrying securities 2/ 2,556 Other loans for purchasing or carrying 18 22 40 119 50 176 104 27 69 1,184 30 52 477 securities 2/ 201 3,406 274 165 154 747 277 210 1,200 332 679 340 Real estate loans 2/ 7,985 210 388 528 441 1,005 1,733 514 603 2,463 517 719 554 Other loans 2/ 9,675 H.4.2(a) U. S. Government securities - total Treasury bills Treasury certificates of indebtedness Treasury notes U. S. bonds Other securities 2/ LoanS* to banks Reserves with Federal Reserve Banks Cash in vault Balances with domestic banks Other assets - net 30,291 999 480 1,188 8,694 41 19 252 876 387 870 13,287 979 2,509 1,923 22 588 64 94 92 8,102 20,710 7,860 392 77 1,747 5,644 2,729 534 4,617 216 177 807 877 28 18 200 631 319 11 517 96 49 81 2,477 74 10 760 1,633 625 1,429 69 13 323 1,024 274 1,321 69 38 462 752 324 5,185 42 903 89 139 90 22 515 75 185 20 479 47 264 17 1,778 111 66 66 66 89 1,427 3,603 1,237 266 131 6,011 961 29 4 360 568 245 515 9 9 172 325 160 1,311 85 23 422 1,156 52 14 351 251 23 425 34 152 43 1 2 185 14 74 23 11 560 38 298 48 598 45 549 141 2,122 872 287 48 2,326 559 100 2,684 816 91 9,062 7,610 381 362 3 899 2 994 19 554 166 33 17 27 138 31 13 34 320 6 1 60 386 6 18 511 1,230 781 262 828 85 166 1,715 4,045 1,792 165 150 262 335 L I A B I L I T I E S 7,166 1,708 2,495 2,305 3,944 2,963 17,917 2,409 Demand deposits adjusted 55,851 631 1,740 3,194 722 4,420 557 507 629 21,672 Time deposits except U. S. Government 80 438 83 182 106 123 821 127 2 , 5 8 0 U. S. Government deposits Interbank demand deposits: 716 442 712 1,753 519 3,011 530 360 10,852 Domestic banks 4 48 10 10 1,166 19 9 1,489 33 Foreign banks Borrowings: 164 4 28 20 13 200 25 18 548 From Federal Reserve Banks 18 8 6 10 40 49 17 532 335 From others 40 48 82 49 1,160 139 56 2,289 83 Other liabilities 265 1,013 629 388 315 293 2,986 429 8,392 CAPITAL ACCOUNTS * Preliminary (San Francisco District). 1/ Exclusive of loans to banks and after deduction of valuation reserves; individual loan items are shown gross. 2/ See text on page 1,
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