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H.U.2 BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM (For Immediate Release) October 13, 1951* CONDITION OF WEEKLY REPORTING MEMBER BANKS IN LEADING CITIES The condition statement of weekly reporting member banks in leading c i t i e s shows the following p r i n c i p a l changes f o r the week ended October 6: Increases of $1,91*2 million in holdings of Treasury notes, $2,588 million i n United States Government deposits, and $767 million in demand deposits credited to domestic banks, and a decrease of $767 million in demand deposits a d j u s t e d . 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 $87 million a t a l l reporting member banks? the principal changes were increases of $81* million i n the New York D i s t r i c t and $11 million in the Dallas D i s t r i c t , and decreases of $13 million i n Chicago and $10 million in the San Francisco D i s t r i c t . Changes according to industry appear i n another press r e l e a s e . Holdings of Treasury notes increased s u b s t a n t i a l l y in a l l d i s t r i c t s , r e f l e c t ing the s a l e of a new i s s u e . Holdings of Treasury b i l l s decreased $35 million i n the Kansas City D i s t r i c t , $32 million i n the New York D i s t r i c t outside of New York City, and $31 million each i n the Dallas and San Francisco d i s t r i c t s # and they increased $27 million i n the Atlanta D i s t r i c t ; there was a net decrease of $103 million a t a l l reporting member banks f Holdings of Treasury c e r t i f i c a t e s of i n debtedness decreased $26 m i l l i o n . Holdings of United States Government bonds increased $105 m i l l i o n . Holdings of "other" s e c u r i t i e s increased $1*1* million in New York City, $1*1 million i n the San firancisco D i s t r i c t , and a t o t a l of $ll*3 million at a l l reporting member banks• Demand deposits adjusted decreased $1*77 million in New York C i t y , $96 million i n Chicago, $51* million i n the San Francisco D i s t r i c t , and by smaller amounts in most of the other d i s t r i c t s . Time deposits increased $1*8 m i l l i o n . United States Government deposits increased i n a l l d i s t r i c t s . Demand deposits credited to domest i c banks increased in a l l d i s t r i c t s . A summary of assets and l i a b i l i t i e s of reporting member banks followa: Oct, 6, 1951* Increase or decrease since Sept, 29,* Oct. • 7jt 1951* 1953 1[In millions of dollars) 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 dealers f o r purchasing or carrying s e c u r i t i e s Other loans f o r purchasing or carrying s e c u r i t i e s Real e s t a t e loans Loans to 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 in v a u l t Balances with domestic banks 85,346 39,091 39,753 21,102 + + + +2,121* 63 66 87 +6,231 —1,083 -1,01*2 -2,01*1* 2,363 955 6,907 51*3 7,883 37,611* 2,765 2,1*78 8,612 23,759 8,61*1 13,751* 901* 2,750 1*0 11* 5 10 10 +1,918 103 26 +1,942 + 105 + 11*3 + 316 88 + 206 + 571 + 221 + 509 - 229 70 +6,255 + 668 -2,968 +2,01*1 +6,511* +1,059 - 31*0 a + 231* L I A B I L I T I E S Demand deposits adjusted Time deposits except U. S. Government U . S . Government deposits Interbank demand deposits: Domestic banks 2breign banks Borrowings 51*, 276 21,318 5,390 11,7 Ul* 1,285 1*62 767 1*8 ,588 767 23 75 +1,315 +2,1*50 +1,51*2 +1,051 + 37 - 379 29 f i g u r e s Digitized^September for FRASER revised (Chicago D i s t r i c t ) . - + + + + + + — H.4.2(a) ASSETS AMD LIABILITIES OF WEEKLY REPORTING MEMBER BANKS IN LEADING CITIES. OCTOBER 6, Total e d e r a 1 1\ e s e r v e D i s t New Phila- Cleve- Rich" All St. D i s t r i c t s Boston York delphia land pond Atlanta Chicago Louis (In millions of do:Liars) ASSETS Loans and investments - t o t a l Loans - net # Commercial, i n d u s t r i a l , and a g r ' l loans Loans t o brokers and dealers f o r purchasing or carrying s e c u r i t i e s Other loans f o r purchasing or carrying securities Real e s t a t e loans Loans t o banks Other loans 85,346 39,091 21,102 3,783 27,053 3,330 1,892 13,182 1,716 1,083 7,867 899 5,902 2,334 1,148 98 2,363 34 1,831 48 955 6,907 543 7,883 21 333 4 390 908 408 2,009 31 191 4 579 456 U. S. Government securities - 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 37,614 2,765 2,478 8,612 23,759 8,641 Reserves with Federal Reserve Banks Cash in vault Balances with domestic banks Other a s s e t s - net L I A B I L I T I E S Demand deposits adjusted Time deposits except U. S. Government U. S. Government deposits Interbank demand deposits: Domestic banks Foreign banks Borrowings Other l i a b i l i t i e s CAPITAL ACCOUNTS 13,754 904 2,750 1,767 110 105 54,276 21,318 5,390 2,885 621 230 11,744 1,285 462 2,133 7,913 # Individual loan items are reported gross, i . e . , 1,539 11,001 1,164 966 63 133 621 117 89 203 2,426 209 1,086 6,988 803 450 352 2,870 594 69 67 566 1 506 2,935 103 218 733 1,881 633 523 48 102 72 886 85 146 90 17,693 2,376 4,644 588 2,187 198 3,796 1,716 326 4,855 215 l4l 713 3,331 3,190 11,674 2,747 1,504 3,372 3,650 1,449 1,283 4,323 1,329 674 1,411 1,932 661 649 736 2,566 334 853 1,274 3,273 1,051 200 15,810 7,566 3,032 22 18 224 17 2 8 11 50 82 33 97 1 420 139 640 71 779 22 268 9 371 13 144 20 226 6 310 95 155 6 409 42 3,090 26 1,436 289 7 418 1,619 1,624 164 90 149 94 425 343 886 1,092 263 283 534 78 211 64 534 43 257 61 2,375 2,242 611 712 168 230 447 561 541 8 8 14 28 2 32 81 96 l,o4l 50 52 404 2,888 298 370 593 before deduction of valuation reserves. 369 30 26 1954 r i c 1; Minne- Kansas San apolis City Dallas Francisco 734 10 3 47 270 mm mm 190 6,222 1,195 321 93 69 345 1,536 335 4,020 698 1,129 223 689 1,595 1,492 186 161 106 165 69 182 428 287 875 354 879 141 226 366 6,539 401 1,947 108 343 121 445 32 171 39 224 13 92 18 7,114 1,646 3,159 537 147 789 276 1,900 43 84 144 960 808 3 11 38 244 84 436 1,505 4,197 1,705 592 39 352 46 599 43 511 114 2,021 131 314 324 923 2,298 2,565 694 183 8,363 406 1,030 1,052 2 13 3 16 1 28 61 33 127 291 349 623 100 59 462 1,119 87 562 169 7,198 676
@FedFRASER