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5*^,2

BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM
( F o r Immediate R e l e a s e )

October 2 2 ,

I9U7

CONDITION OF WEEKLY REPORTING MEMBER BMKS IN LEADING CITIES
The c o n d i t i o n s t a t e m e n t of w e e k l y 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 c h a n g e s f o r t h e week ended October 15* An i n c r e a s e of
$ 2 3 ! * , 0 0 0 , 0 0 0 i n c o m m e r c i a l , i n d u s t r i a l , and a g r i c u l t u r a l l o a n s , d e c r e a s e s o f
$ 3 5 7 , 0 0 0 , 0 0 0 i n h o l d i n g s o f U n i t e d S t a t e s Government bonds and $ 3 0 9 , 0 0 0 , 0 0 0 i n
U n i t e d S t a t e s Government d e p o s i t s , and an i n c r e a s e of $1*03,000,000 i n demand
d e p o s i t s c r e d i t s t o domestic banks.
Commercial, i n d u s t r i a l , and a g r i c u l t u r a l l o a n s i n c r e a s e d i n n e a r l y a l l d i s t r i c t s , t h e p r i n c i p a l i n c r e a s e s b e i n g $ 1 0 1 , 0 0 0 , 0 0 0 i n New York C i t y , $ 2 5 , 0 0 0 - , 0 0 0
i n t h e S t . L o u i s D i s t r i c t , a n d $ 2 3 , 0 0 0 , 0 0 0 i n t h e San F r a n c i s c o D i s t r i c t .
Loans t o
b r o k e r s and d e a l e r s f o r p u r c h a s i n g or c a r r y i n g U n i t e d S t a t e s Government s e c u r i t i e s
d e c r e a s e d $ 5 6 , 0 0 0 , 0 0 0 . Loans t o b r o k e r s and d e a l e r s f o r p u r c h a s i n g or c a r r y i n g
o t h e r s e c u r i t i e s i n c r e a s e d $1*8,000,000 i n t h e P h i l a d e l p h i a D i s t r i c t and $ 3 2 , 0 0 0 , 0 0 0
a t a l l r e p o r t i n g member b a n k s .
H o l d i n g s of T r e a s u r y b i l l s i n c r e a s e d $ 8 1 , 0 0 0 , 0 0 0 . H o l d i n g s o f T r e a s u r y c e r t i f i c a t e s of i n d e b t e d n e s s i n c r e a s e d $1*1,000,000 i n Now York C i t y , and d e c r e a s e d
$ 1 9 , 0 0 0 , 0 0 0 e a c h i n t h e C h i c a g o and San F r a n c i s c o d i s t r i c t s .
Holdings of United
S t a t e s Government bonds d e c r e a s e d $21*9,000,000 i n New York C i t y , $1*0,000,000 i n t h e
C h i c a g o D i s t r i c t , and $ 3 1 , 0 0 0 , 0 0 0 i n t h e C l e v e l a n d D i s t r i c t .
Demand d e p o s i t s a d j u s t e d d e c r e a s e d $11*2,000,000 i n New York C i t y , and i n c r e a s e d
$ 5 6 , 0 0 0 , 0 0 0 i n t h e Kansas C i t y D i s t r i c t , $ 5 3 , 0 0 0 , 0 0 0 i n t h e San F r a n c i s c o D i s t r i c t ,
$1*3,000,000 i n t h e B o s t o n D i s t r i c t , and $ 1 6 0 , 0 0 0 , 0 0 0 a t a l l r e p o r t i n g member b a n k s .
Demand d e p o s i t s c r e d i t e d t o d o m e s t i c banks i n c r e a s e d $ 1 3 7 , 0 0 0 , 0 0 0 i n Now York C i t y ,
$ 6 0 , 0 0 0 , 0 0 0 i n t h e C h i c a g o D i s t r i c t , a n d $1*1,000,000 i n t h e C l e v e l a n d D i s t r i c t .
Borrowings d e c r e a s e d $ 7 1 , 0 0 0 , 0 0 0 i n New York C i t y , a n d i n c r e a s e d $21*,000,000 i n
t h e C l e v e l a n d D i s t r i c t and $ 1 3 , 0 0 0 , 0 0 0 i n t h e M i n n e a p o l i s D i s t r i c t .
A summary of the a s s e t s and l i a b i l i t i e s o f r e p o r t i n g member banks f o l l o w s j
I n c r e a s e or
decrease since
Oct. 1 6 ,
Oct. 8 , *
19U6
19U7

Oct,
15,
W

ASSETS
Loans and i n v e s t m e n t s - t o t a l
Loans - t o t a l
C o m m e r c i a l , i n d u s t r i a l , and a g r i c u l t u r a l l o a n s
Loans t o b r o k e r s and d e a l e r s f o r
p u r c h a s i n g or c a r r y i n g 1
U . S . Government o b l i g a t i o n s
Other s e c u r i t i e s
Other l o a n s f o r p u r c h a s i n g or c a r r y i n g !
U. S . Government o b l i g a t i o n s
Other s e c u r i t i e s
Real e s t a t e loans
Loans t o b a n k s
Other l o a n s

61*, 620
22,258
13,136

- 99

-2,113

+I99

+231*

+4,037
+2,81*5

1*98
568

- 56
+ 32

+

190
86

h

+
+

568
10
997

+

768

1*95
1*88
3,279
228
3,266

629

-

+ 2
+ 21
- 57

+ 18

+ 81*
+ 1*
1
-?57
. - 19

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

3,997
2,599
30,878
U,259

R e s e r v e w i t h F e d e r a l R e s e r v e Banks
Cash i n v a u l t
Balances w i t h d o m e s t i c banks

12,571
800
2,672

+ 91*
+ 10

1*6,927
l h , 539
1,1*27
10,1*37
1,1*05

+160

+235

+

89

- 312
-3,883

42,1*69
+ 251*
+ 260
+ 890
+

+

80
199

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
Time d e p o s i t s e x c e p t Govt.
U. S . Government d e p o s i t s
I n t e r b a n k demand d e p o s i t s * Domestic banks
F o r e i g n banks
Borrowings

216

+

7

^309

+1*03

- 12
- 18

+1,170
+ 701
-3,5U8
+ 1*00
+
58

+

36

•Oct. 8 f i g u r e s revised
(San Francisco D i s t r i c t )
D e b i t s t o demand d e p o s i t a c c o u n t s , e x c e p t i n t e r b a n k
18,070 (Revised figure previous
and U . S . Govt, a c c o u n t s , d u r i o g week

week 1 8 , 9 1 8 )


H»lj,2(a.)

ASSETS AMD LIABILITIES OF WEEKLY REPORTING MEMBER BAEKS
F e d e r
Total
New P h i l a - CleveAll
Boston
do Iphia land
York
districts

ASSETS
Loans and investments - t o t a l
Loans - t o t a l
Commercial,industrial,& a g r f 1 loans
Loans t o brokers and d e a l e r s f o r
purchasing or c a r r y i n g :
U.S. Government o b l i g a t i o n s
Other s e c u r i t i e s
Other loans f o r purchasing or carrying:
U.S. Government o b l i g a t i o n s
Other s e c u r i t i e s
Real e s t a t e loans
Loans to banks
Other loans
Treasury b i l l s
Treasury c e r t i f i c a t e s of indebtedness
Treasury notes
Ue S e bonds
Other s e c u r i t i e s
Reserve w i t h 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 a d j u s t e d •
Time deposits except Govt.
U. S. Government deposits
Interbank demand d e p o s i t s • Domestic banks
Foreign banks
Borrowings
Other l i a b i l i t i e s
CAPITAL ACCOUNTS
Debits t o demand d e p o s i t accounts, except
interbank and U.S.Govt, accounts



IN LEADING CITIES, OCTOBER 1^, 1947
D1 s t ] r i c t
a 1 R e s e r v e
San
S t . Minne- Kansas Dallas
Rich- Atlanta Chicago
Francisco
Louis apolis City
mond

( I n millions of d o l l a r s )
2,603 a,263 2,62b 2,355
8,755
2,631
861 1,379
786
759
1,792
803
463
358
458

2,111
902
529

1
7

26
41

1
5

47
36
61
6
l($
165
12
41
206
215
124
103
1,391 1,023
124
195
472
507
41
64
206 221
52
47

48
66
295
22
341
95
616
399
4,435
579
1,666
103
410
77

34
18
137
4
174
18
81
117
839
154
421
28
136
24

1,776
553
47
552
7
2
24
175

5,990
2,U08
234
1,630
28

602

64,620
22,258
13,436

2,940
1,021
658

21,940
7,492
5,129

198
568

16
10

425
374

495
488
3,279
228
3,266
629
3,997
2,599
30,878
4,259
12,571
800
2,672
1,023

18
16
110
26
167
29
189
91
1,492
118
509
62
134
68

93
207
268
144
852
179
755
700
11,434
1,380
4,701
178
158
368

16,927
14,539
l,U27
10,137
1,105
216
927
5,808

2,447
495
68
319
20

17,005 2,118 2,919 :2,072
611
122 1,321
2,237
82
68
41
551
400
525
3,257
469
12
1,256
5
5
2
2
152
29
17
25
36
503
209
2,384
464
303

18,070

735

——

49
315

7,242

5
70

17
18

93
9
11
13
216
78
1
8
222
218
11
22
126
117
122
97
1,246 2,305
26o
320
503
773
44
79
204
119
62
54

668

1,010

6
38
22
161
5

667

1,220 2,L6o 2,207
427
913
755
618
263
493
—

—

- -

1

4

8

15
6
51

20
11
103

34
38
76

—

—

—

11,142
4,332
1,872
7
24
46
44
1.723
12
604
115
1,186
479
4,270
760
1,774
129
327
183

9*
9
34
67
617
66
227
12
107
15

124
76
281
171
982
195
524
28
324
27

139
22
191
129
844
108
494
32
326
46

775
2i|8
29
407
2
13
10
97

1,760
389
53
966
1

1,811
371
40
679
5

—

—

61
660

1,344
472
44
668
4
4
16
168

13
181

16
183

6,910
5,012
170
565
60
12
157
669

2,617

575

430

712

555

2,257

—