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H,4«2 BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM (For Immediate Release) October 2, 1957 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 September 25: Decreases of $235 million in loans adjusted, #239 million in holdings of U. S. Government securities, $303 million in reserve balances with Federal Reserve Banks, $308 million in demand deposits adjusted, and $609 million in demand deposits credited to domestic banks, Commercial and industrial loans decreased in all but one district and a total of $203 million at all reporting member banks; the principal decreases were $108 million in New York City, $30 million in the Philadelphia District, $15 million in the Boston District, and $14 million in the Cleveland District. Changes according to industry appear in another press release. Loans to brokers and dealers for purchasing or carrying U. S. Government and other securities decreased $54 million. Holdings of Treasury bills decreased $87 million in New York City and a total of $153 million at all reporting member banks. Holdings of Treasury certificates of indebtedness decreased $72 million. Demand deposits adjusted decreased $335 million in the New York District and $78 million in the San Francisco District, but they increased $61 million in the Chicago District and $47 million in the Dallas District. Time deposits increased $69 million at all reporting member banks, of which $50 million was in deposits of individuals, partnerships, and corporations in New York City, U, S. Government deposits increased $120 million. Borrowings from Federal Reserve Banks decreased $279 million and borrowings from others increased $77 million. Loans to banks increased $18 million. A summary of assets and liabilities of reporting member banks follows: Increase or decrease since Sept, 18, Sept. 26, 1956 1957 (In millions of dollars) Sept. 25, 1957* ASS£T£ Loans and investments adjusted \ J 86,509 Loans adjusted \ J 54,312 Commercial and industrial loans 31,960 Agricultural loans 441 Loans to brokers and dealers for purchasing or carrying securities 1,737 Other loans for purchasing or carrying securities 1,114 Real estate loans 8,726 Other loans 11,391 - + - + — U, S, Government securities - total Treasury bills Treasury certificates of indebtedness Treasury notes U. S. bonds Other securities 24,508 1,305 1,506 3,639 18,058 7,689 - Loans to banks Reserves with Federal Reserve Banks Cash in vault Balances with domestic banks 1,196 13,128 1,025 2,388 + — + - — + — 543 285 203 1 + 832 +2,583 +2,714 37 - 54 15 8 22 - 282 96 — 84 + 556 239 153 72 2 16 19 -1,588 + 700 + 536 -1,937 - 887 - 163 18 303 19 135 92 - 284 + 1 - 145 308 69 120 609 45 279 77 - 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 54,786 23,832 2,346 10,364 1,613 672 827 - + + - + 588 +1,806 -1,237 - 179 + 23 + 193 - 102 1/ Exclusive of loans to banks and after deduction of valuation reserves; individual loan items are shown gross, * Preliminary (San Francisco District). ASSETS AND LIABILITIES OF WEEKLY REPORTING MEMBER BANKS IN LEADIMG CITIES, SEPTEMBER 25, 1957 F e d e r a l Reserve D i s t r i c t Total St. MinneRichPhila- Cleve New All Atlanta Chicago Louis apolis Boston York mond land delphia District# (In millions of dollars) A S S E T S 3,454 3,375 11,664 2,684 1,523 3,213 6,170 3,801 25,973 86,509 Loans and investments adjusted l/ 939 1,924 1,908 6,721 l,64l 3,665 2,258 17,656 54,312 2,569 Loans adjusted 1/ 496 839 4,301 1,033 920 1,918 1,225 12,654 1,564 31,960 Commercial and industrial loans 16 19 10 2 9 2 7 13 44i 7 Agricultural loans Loans to brokers and dealers for 28 198 9 58 39 109 1,043 52 35 1,737 purchasing or carrying securities Other loans for purchasing or carrying 8 24 176 49 142 35 18 35 387 1,114 securities 281 178 809 176 346 201 787 1,187 8,726 365 Real estate loans 247 476 1,383 635 804 590 771 638 2,757 11,391 Other loans 434 819 3.889 1,268 1,166 6,104 888 723 1,906 24,508 U. S. Government securities - total 38 45 96 81 53 421 79 37 54 1,305 Treasury bills 33 149 119 59 62 107 202 73 1,506 37 Treasury certificates of indebtedness 160 74 196 154 555 60 465 889 89 3,639 Treasury notes 289 3,089 555 770 954 4,592 708 553 1,300 18,058 U. S. bonds 224 150 1,054 301 262 232 599 2,213 344 7,689 Other securities 15 7 47 22 35 31 58 605 20 1,196 Loans to banks 192 390 1.890 469 521 943 432 4,435 13,128 551 Reserves with Federal Reserve Banks 17 125 86 56 37 107 51 215 65 1,025 Cash in vault 145 71 261 250 148 84 175 144 82 2,388 Balances with domestic banks 45 33 147 82 74 105 1,265 95 112 2,674 Other assets - net L I A B I L I T I E S 857 2,484 2,253 7,129 1,613 54,786 2 , 8 9 8 17,256 2,299 4,015 Demand deposits adjusted 332 3,306 780 599 781 4,848 626 531 1,855 23,832 Time deposits except U. S. Government 47 82 394 75 103 661 129 191 120 2,346 JO, S. Government deposits Interbank demand deposits: 366 652 682 1,674 467 426 505 2,962 346 10,364 Domestic banks 4 50 11 5 12 20 9 28 1,324 1,613 Foreign banks Borrowings: 200 17 32 47 29 94 19 130 672 From Federal Reserve Banks 20 14 9 22 39 19 45 500 12 827 From others 64 191 35 66 53 103 1,618 79 134 3,040 Other liabilities 150 l,l4o 293 337 353 4ll 710 3,338 467 9,440 C A P I T A L A C C O U N T S l/ Exclusive of loans to banks and after deduction of valuation reserves; individual loan items are shown gross. * for Preliminary (San Francisco District). Digitized FRASER E.4.2(a) San Kansas City Dallas Francis 3,364 3,926 17,362 1,832 2,451 10,748 4,553 972 1,485 240 23 93 18 106 151 27 286 191 625 436 1,195 1,197 100 83 113 95 156 254 828 763 278 337 26 21 510 579 51 45 468 314 60 179 62 3,919 2,029 4,919 218 457 587 3,657 1,695 309 2,216 170 246 477 2,237 2,636 626 1,015 85 98 9,109 8,533 361 42 870 2 903 19 511 129 70 5 45 361 17 13 86 455 17 129 566 1,425
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