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BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM H.4.2 (For Immediate Release) October 14, 1959 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 7: A decrease of $389 million in holdings of U. S. Government s e c u r i t i e s ; increases of $270 million in demand deposits credited t o domestic banks and $1,110 million in borrowings; and a decrease of $1,442 million in U. S. Government demand deposits. Commercial and i n d u s t r i a l loans increased $21 million at a l l reporting member banks. Loans t o nonbank f i n a n c i a l i n s t i t u t i o n s decreased $133 m i l l i o n . Holdings of Treasury b i l l s decreased $312 million and holdings of Treasury notes and U. S. Government bonds decreased $126 million, and Treasury c e r t i f i c a t e s of indebtedness increased $4'9 million. Time deposits other than interbank decreased $91 million of which $71 ""million was m deposits of individuals, partnerships, and corporations. ASSETS Total loans and investments Loans and investments adjusted 1 / Loans adjusted l / Commercial and i n d u s t r i a l loans Agricultural loans Loans t o brokers and dealers f o r purchasing or carrying: U. S. Govt, s e c u r i t i e s Other s e c u r i t i e s Other loans f o r purchasing or carrying: U. S. Govt, s e c u r i t i e s Other s e c u r i t i e s Loans t o nonbank f i n a n c i a l i n s t i t u t i o n s : Sales finance, personal finance, e t c . Other Loans t o foreign banks Loans t o domestic commercial banks Real e s t a t e loans 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 and U. S. bonds maturing: Within 1 year 1 t o 5 years After 5 years Other s e c u r i t i e s Reserves with F. R. Banks Cash in vault Balances with domestic banks Other a s s e t s - net Total a s s e t s / l i a b i l i t i e s Increase or decrease since October 7, 1959 * Sept. 30, 1 Oct. 8, 1959 1 1958 (In milld ions of dollars) + 84i 86 104, 213 n.a. 464 103,107 n. a • - 116 65,230 + n .a. 21 29,500 + l4l 2 942 - 338 1,739 + 160 1,195 + 3,821 1,596 672 1,106 12,461 l4,166 27,729 1,678 - - + - 1,082 + 1,584 + 16,780 6,605 - 10,148 + 13,168 4- 1,143 2,642 3,223 134,275 63) 79) 2) 2) + 7 5) 378) 8 21 389 312 49 92 n.a. n.a. 126 + 333 +1,4i4 n.a. -6,966 - 436 -3,257 16) 133) 9) 4l 179 12 - 299 12 - i , .512 - + 330 -3,273 - 285 + 262 18 58 + 164 +2,138 L I A B I L I T I E S + 304 Demand deposits adjusted 60,077 93 -1,442 U. S. Government demand deposits - 356 2,837 + 11,268 270 Interbank demand deposits: Domestic banks - 399 47 27 1,403 Foreign banks 14 - 561 Time deposits: Interbank 1,553 + 453 30,644 Other 91 + + 145 Borrowings: From Federal Reserve Banks 467 294 + 816 + 729 From others 1,752 1/ Exclusive of loans t o domestic commercial banks and a f t e r deduction of valuation reserves; individual loan items are shown gross. n . a . - Not available on comparable b a s i s ; reporting form revised July 8, 1959• Preliminary (San Francisco D i s t r i c t ) . Digitized*for FRASER ** September 30, f i g u r e s revised (San Francisco D i s t r i c t ) . H.4.2(a) ASSETS AND LIABILITIES OF WEEKLY REPORTING MEMBER BANKS IN LEADING CITIES, OCTOBER 7, 1959 (in millions of dollars) Federal Reserve D i s t r i c t New Phila- Cleve-I RichBoston York delphia land 1 mond Atlanta ASSETS Total loans and investments Loans and investments adjusted l / Loans adjusted l / ~~ Commercial and i n d u s t r i a l loans Agricultural loans Loans to brokers and dealers for purchasing or carrying: U. S. Govt, securities Other s e c u r i t i e s Other loans f o r purchasing or carrying: U. S. Govt, securities Other securities Loans to nonbank financial institutions: Sales finance, personal finance, e t c . Other Loans to foreign banks Loans to domestic commercial banks Real estate loans Other loans 4,303 4,260 2,771 1,394 8 30,837 30,306 20,338 11,136 18 3,921 3,902 2,633 1,168 2 3 19 178 1,265 21 23 16 92 19 20 7 34 3 13 4l 4l4 8 54 28 140 9 20 8 71 153 75 1 43 431 735 1,422 338 462 531 2,089 3,475 129 81 10 19 339 255 111 125 100 1 63 367 642 115 126 U. S. Government securities - t o t a l Treasury b i l l s Treasury c e r t , of indebtedness Treasury notes and U. S. bonds maturing: Within 1 year 1 to 5 years After 5 years Other s e c u r i t i e s 1,075 97 49 107 559 Reserves with F. R. Banks Cash in vault Balances with domestic banks Other assets - net Total a s s e t s / l i a b i l i t i e s 473 525 1,031 527 535 4,014 62 60 69 127 76 253 182 101 112 178 308 135 142 122 1,393 110 117 99 5,494 40,028 5,116 10,243 4,695 5,686 263 4l4 8,232 3,527 4,176 8,216 3,464 4,143 4,826 2,005 2,493 1,874 730 1,076 19 7 3 - - - - 878 16 1,294 1,102 6,780 630 157 910 48 23 2,539 1,154 1,285 82 256 33 81 114 47 245 3,995 1,753 3,188 54 519 266 359 197 1,677 328 851 63 720 291 305 33 257 825 113 730 246 365 L I A B I L I T I E S Demand deposits adjusted U. S. Government demand deposits Interbank demand deposits: Domestic banks Foreign banks Time deposits: Interbank Other Borrowings: From F. R. Banks From others Other l i a b i l i t i e s CAPITAL ACCOUNTS 3,088 18,269 2,620 129 138 912 4,776 2,399 2,538 101 230 117 510 8 880 11 398 31 3,031 1,113 476 25 545 11 29 728 1,205 5,908 7 839 2,940 21 49 127 75 853 1,529 31 90 20 57 71 123 2 35 66 54 24 83 530 3,780 491 961 354 428 10 3 816 1,052 JL/ Exclusive of loans to domestic commercial banks and a f t e r deduction of valuation reserves; individual loan items are shown gross. H.4.2('b) AosZTS AHD LIABILITIES Of M3EKLY KBPOBTING M£MBSR BANKS IN LEADING CITIES, OCTOBER 7, 1959 (Cont'd) (In millions of dollars) Federal Reserve D i s t r i c t St. Minne- Kansas! Dallas San Chicago Louis apolis City 1 Francisco ASSETS Total loans and investments 14, 259 2,941 1,674 3,733 4,529 22,081 Loans and investments adjusted l / lit., 187 2,894 1,671 3,681 4,501 21,882 Loans adjusted 1/ 8,042 1,777 1,080' 2,210 2,908 14,147 Commercial and i n d u s t r i a l loans 3,690 494 707 965 1,513 4,753 Agricultural loans 18 182 30 23 34 598 Loans t o brokers and dealers for purchasing or carrying: U. S. Govt, s e c u r i t i e s 41 1 2 43 7 Other s e c u r i t i e s 14 159 68 25 15 5 Other loans f o r purchasing or carrying: U. S. Govt. securities 6 1 8 27 8 13 Other s e c u r i t i e s 184 6 22 185 32 54 Loans t o noribank financial institutions: Sales finance, personal finance, e t c . 762 134 143 71 133 379 Other 174 82 124 87 29 269 —— Loans t o foreign "banks 18 160 Loans t o domestic commercial "banks 47 72 28 52 199 3 Real e s t a t e loans 1,399 293 199 227 5,241 325 Other loans 511 267 489 1,755 713 2,774 * • •» •» • U. S. Government s e c u r i t i e s - t o t a l Treasury "bills Treasury c e r t . of indebtedness Treasury notes and U. S. bonds maturing: Within 1 year 1 t o 5 years After 5 years Other s e c u r i t i e s Reserves with F. R. Banks Cash in vault Balances with domestic banks Other assets - net Total a s s e t s / l i a b i l i t i e s wm mm w m 4,666 215 209 865 56 33 44l 1,137 1,238 80 36 5 16 46 85 5,639 140 222 289 2,812 1, l 4 l 1,479 55 572 149 252 39 281 100 150 83 680 209 334 302 3,4o8 1,567 2,096 37 827 292 355 1,860 382 165 475 595 2, 586 144 42 48 211 36 15 160 310 466 324 307 59 44 43 237 92 645 179 18,063 3,925 2,192 5,102 6,293 27,438 L I A B I L I T I E S Demand deposits adjusted U. S. Government demand deposits Interbank demand deposits: Domestic banks Foreign banks Time deposits: Interbank Other Borrowings: From F. R. Banks From others Other l i a b i l i t i e s CAPITAL ACCOUNTS 7,799 1,616 421 83 856 2,306 109 55 1,766 51 778 4 374 4 29 4,636 2 669 384 144 267 271 10 14 53 16 46 40 44 58 47 21 121 75 3 183 674 1,426 333 182 421 536 1,768 mm <m 2,667 11,143 109 433 912 1,046 2 13 552 130 8 260 1,221 10,684 767 m mm 1/ Exclusive of loans t o domestic commercial banks and a f t e r deduction of valuation reserves; individual loan items are shown gross. * Preliminary (San Francisco D i s t r i c t ) .