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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 —