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H.4.2 BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM (For Immediate Release) October 15# 1958 CONDITION OF WEEKLY REPORTING MEMBER BAMS IK LEADING CITIES The c o n d i t i o n statement of weekly r e p o r t i n g member banks i n l e a d i n g c i t i e s shows t h e f o l l o w i n g p r i n c i p a l changes f o r t h e week ended October 8: An i n c r e a s e of $552 m i l l i o n i n holdings of U. S. Government s e c u r i t i e s ; d e c r e a s e s of $128 m i l l i o n i n loans a d j u s t e d , $259 m i l l i o n i n balances with domestic banks, and $374 m i l l i o n i n demand d e p o s i t s a d j u s t e d ; and an i n c r e a s e of $583 m i l l i o n i n U. S. Government deposits. Commercial and i n d u s t r i a l loans decreased $67 m i l l i o n a t a l l r e p o r t i n g member banks; t h e p r i n c i p a l changes were a decrease of $55 m i l l i o n i n New York City and an i n c r e a s e of $18 m i l l i o n i n t h e San Francisco D i s t r i c t . Changes according t o i n d u s t r y appear i n another p r e s s r e l e a s e . Loans t o b r o k e r s and d e a l e r s f o r purchasi n g or c a r r y i n g U. S. Government and o t h e r s e c u r i t i e s decreased $76 m i l l i o n . Real e s t a t e loans i n c r e a s e d $38 m i l l i o n . Holdings of Treasury b i l l s i n c r e a s e d i n a l l d i s t r i c t s and a t o t a l of $629 mill i o n which r e f l e c t e d t h e purchases of a s p e c i a l i s s u e . Holdings of U. S. Government bonds decreased $49 m i l l i o n . Holdings of " o t h e r " s e c u r i t i e s inc re ase d $6l million. Demand d e p o s i t s a d j u s t e d decreased $225 m i l l i o n i n New York C i t y , $126 m i l l i o n i n t h e Chicago D i s t r i c t , and $49 m i l l i o n each i n t h e New York D i s t r i c t o u t s i d e of New York C i t y and i n t h e D a l l a s D i s t r i c t , b u t they i n c r e a s e d $ 6 l m i l l i o n i n the Richmond D i s t r i c t and $51 m i l l i o n i n t h e San Francisco D i s t r i c t . Borrowings from F e d e r a l Reserve Banks inc re ase d $162 m i l l i o n and borrowings from o t h e r s decreased $265 m i l l i o n . Loans t o banks decreased $376 m i l l i o n . A summary of a s s e t s and l i a b i l i t i e s of r e p o r t i n g member banks f o l l o w s : I n c r e a s e or October decrease since 8, Oct# 1 , Oct# 9, 1958 1958 1957 ASSETS Loans and investments a d j u s t e d l / Loans a d j u s t e d l / Commercial and i n d i a t r i a l loans Agricultural loans Loans t o b r o k e r s and d e a l e r s f o r p u r chasing o r c a r r y i n g s e c u r i t i e s Other l o a n s f o r purchasing o r carrying s e c u r i t i e s Real e s t a t e l o a n s 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 n o t e s U. S. bonds Other s e c u r i t i e s Loans t o banks Reserves with F e d e r a l Reserve Banks Cash i n v a u l t Balances with domestic banks ( I n m i l l i o n s of d o l l a r s ) 94,080 52,547 29,649 574 +485 -128 - 67 + 3 +6,813 -1,681 -2,048 + 134 1,732 - 76 - 1,225 9,220 11,322 31,983 1,993 4,151 6,662 19,177 9,550 - 12 + 38 - 20 +552 +629 - 17 - 11 - 49 + 61 + 107 + 491 61 +6,659 + 932 +2,478 +2,178 +1,071 +1,835 1,444 12,773 976 2,335 -376 +176 + 45 -259 + - L I A B I L I T I E S Demand d e p o s i t s a d j u s t e d -374 55,593 Time d e p o s i t s except U. S. Government 28,235 - 27 U. S. Government d e p o s i t s +583 3,234 11,486 Interbank demand d e p o s i t s : Domestic banks - 59 Foreign banks + 3 1,425 Borrowings: From F e d e r a l Reserve Banks +162 313 From o t h e r s 1,011 -265 1 / Exclusive of l o a n s t o banks and a f t e r deduction of v a l u a t i o n r e s e r v e s ; loan items a r e shown g r o s s . 189 257 395 20 15 +1,249 +4,279 + 299 + 643 - 291 - 269 + 268 individual ASSETS AMD LIABILITIES OF WEEKLY REPORTING MEMBER BANKS IN LEADING CITIES, OCTOBER 8. 1958 F e d e r a 1 Total R e s e r v e D1 s t r i c t New CleveP h i l a All S t . MinneBoston A t l a n t a Chicago Districts delphia York land Louis a p o l i s ASSETS ( I n m i l l i o n s of d o l l a r s ) Loans and investments a d j u s t e d l / 4,110 28,120 3,533 94,080 6,620 3,761 3,724 12,319 2,908 1,634 Loans a d j u s t e d 1 / 2,471 16,578 2,169 52,547 6,046 3,498 1,582 1,939 1,950 949 Commercial and i n d u s t r i a l loans 29,649 1,450 11,328 1,186 898 1,040 1,747 3,683 498 758 A g r i c u l t u r a l loans 8 1 2 574 15 16 7 13 19 15 Loans t o brokers and d e a l e r s f o r 28 purchasing or c a r r y i n g s e c u r i t i e s 1,170 1,732 34 113 30 172 43 39 5 Other loans f o r purchasing or c a r r y i n g 16 48 securities 1,225 222 385 43 135 50 11 25 Real e s t a t e loans 388 9,220 882 1,229 825 217 387 196 271 190 642 Other loans 2,885 11,322 601 1,242 742 654 244 751 493 U. S. Government s e c u r i t i e s - t o t a l 2,464 31,983 1,239 1,496 1,426 8,519 1,013 5,052 1,074 516 Treasury b i l l s 642 101 115 109 316 1,993 139 24 76 75 Treasury c e r t i f i c a t e s of indebtedness l6l 1,260 118 4,151 241 170 586 330 49 95 Treasury notes 6,662 218 286 1,786 242 1,001 309 104 775 255 U. S. bonds 668 1,220 4,831 1,021 648 19,177 550 790 3,149 339 Other s e c u r i t i e s 4oo 658 348 3,023 326 1,221 9,550 351 252 169 Loans t o banks 4o 1,444 766 41 52 19 50 45 l 55 Reserves with Federal Reserve Banks 4,192 438 872 512 12,773 502 1,829 206 501 398 Cash in v a u l t 62 222 96 976 51 83 109 53 15 35 Balances with domestic banks 136 149 2,335 165 272 147 99 79 259 71 Other a s s e t s - n e t 2,866 126 108 1,324 200 98 40 87 4l 94 L I A B I L I T I E S Demand d e p o s i t s a d j u s t e d 4,030 2,983 17,429 2,340 1,648 868 2,556 2,275 7,140 55,593 Time d e p o s i t s except U. S. Government 6,484 2,021 690 28,235 722 912 380 3,627 932 654 U. S. Government d e p o s i t s 3,234 284 1,089 108 62 143 119 135 155 455 I n t e r b a n k demand d e p o s i t s : 824 1,823 Domestic banks 11,486 3,048 492 413 549 799 559 393 10 4 Foreign banks 12 22 1,111 50 1,425 31 3 9 Borrowings: 8 6 8 42 44 26 110 11 25 313 From F e d e r a l Reserve Banks 20 110 18 44 1 1,011 458 63 31 7 From o t h e r s 220 144 1,566 76 52 115 3,078 74 71 37 Other l i a b i l i t i e s 484 1,231 311 174 427 376 367 756 10,099 3,563 CAPITAL ACCOUNTS l / Exclusive of loans t o banks and a f t e r deduction of v a l u a t i o n r e s e r v e s ; i n d i v i d u a l loan items a r e shown gross if 5.4.2(a) J Kansas Dallas San City Francisco 3,673 1,928 999 152 4,443 2,631 1,576 35 19,235 10,806 4,486 291 14 19 65 38 303 451 1,380 152 168 320 740 365 36 520 42 330 69 183 226 638 1,490 113 184 267 926 322 10 632 48 421 160 69 4,106 1,979 6,314 131 789 1,099 4,295 2,U5 329 2,171 160 207 499 2,320 740 128 2,622 1,312 153 9,382 9,761 403 1,017 2 1,004 14 565 157 22 4 45 392 11 39 86 493 216 592 1,525
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