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BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM (For Immediate Release) October 22, 1958 H,4«2 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 October 15: Increases of $367 million in loans adjusted, $287 million in reserve balances with Federal Reserve Banks, $329 million in balances with domestic banks, $543 million in demand deposits adjusted, and $722 million in demand deposits credited to domestic banks. Commercial and industrial loans increased in all districts and a total of $215 million at all reporting member banks; the principal increases were $34 million in New York City, $25 million in the Dallas District, $24 million in the San Francisco District, $22 million in Chicago, $21 million in the Boston District, and $20 million in the St, Louis District, Changes according to industry appear in another press release. Real estate loans increased $24 million in the San Francisco District and a total of $75 million. "Other" loans increased $53 million. Holdings of Treasury bills decreased $27 million. Holdings of Treasury certificates of indebtedness increased $21 million and holdings of Treasury notes increased $161 million. Demand deposits adjusted increased $189 million in the San Francisco District, $100 million in the Kansas City District, $58 million in the Cleveland District, $57 million in the New York District outside of New York City, and $52 million in the Richmond District, but they decreased $45 million in New York City, Borrowings from Federal Reserve Banks decreased $159 million and borrowings from others increased $218 million. Loans to banks increased $146 million, A summary of assets and liabilities of reporting member banks follows: A S S JSia Loans and investments adjusted 2J Loans adjusted 1/ Commercial and industrial loans Agricultural loans Loans to brokers and dealers for purchasing or car lying securities Other loans for purchasing or carrying securities Real estate loans Other loans U, S, Government securities - total Treasury bills Treasury certificates of indebtedness Treasury notes U, S. bonds Other securities Loans to banks Reserves with Federal Reserve Banks Cash in vault Balances with domestic banks Increase or decrease since Oct. 16, 1958 1221 (In millions of dollars) 94,584 52,914 29,864 582 • + + + 504 367 215 8 1,737 * 5 - 185 1,237 9,295 11,375 + + + 12 75 53 + + 121 536 32,123 1,966 4,172 6,823 19,162 9,547 1,590 13,060 999 2,664 + 140 27 21 161 15 3 146 287 23 329 + + + + + + + 7,292 - 1,339 - 1,799 + 142 — 36 + 6,777 + + • + + + + + 846 2,504 2,373 1,054 1,854 542 172 22 110 1 I 4 B J H 2 I S 5 Demand deposits adjusted 56,136 + Time deposits except U, S, Government + 28,243 U, S, Government deposits 3,170 Interbank demand deposits: Domestic banks 12,208 + Foreign banks + 1,442 Borrowings: From Federal Reserve Banks 154 From others + 1,229 1 7 Exclusive of loans to banks and after deduction of valuation loan items are shown gross. 543 1,362 8 4,268 64 905 722 825 17 303 159 370 218 641 reserves; individual ASSETS AND LIABILITIES OF WEEKLY REPORTING MEMBER BANKS IN LEADING CITIES R e s e r v e Di s t r F e d e r a 1 Total New Phila- Cleve- Rich- Atlanta Chicago St. All Boston Louis land mond Districts delphia York (In millions of dollars) 1956 let Minne- Kansas San apolis City Dallas Francisco A S S E T S Loans and investments adjusted 1/ 4,147 28,326 3,547 6,580 94,564 3,782 3,747 12,391 2,946 1,656 Loans adjusted 1/ 52,914 3,512 2,503 16,688 2,188 1,955 1,969 6,075 l,6lk 965 Commercial and industrial loans 29,864 1,471 11,373 1,195 1,760 512 903 1,047 3,709 778 Agricultural loans 16 8 1 14 22 12 2 582 15 7 Loans to brokers and dealers for purchasing or carrying securities 40 108 26 1,166 171 45 31 47 1,737 5 Other loans for purchasing or carrying securities 26 11 44 48 21 50 223 384 1,237 139 Real estate loans 886 200 220 830 192 272 1,249 389 394 9,295 Other loans 602 1,240 244 498 669 638 740 11,375 2,935 752 1,500 1,437 522 5,094 1,078 U. S» Government securities - total 1,246 32,123 8,599 1,010 2,409 106 344 23 117 638 1,966 92 74 Treasury bills 77 77 118 240 160 96 52 Treasury certificates of indebtedness 170 587 4,172 1,285 330 1,029 105 1,842 218 256 256 291 6,823 782 329 Treasury notes 1,020 649 342 4,834 19,162 665 548 1,220 3,134 U. S. Bonds 789 1,222 169 254 341 659 349 398 3,039 327 Other securities 9,547 Loans to banks 68 16 18 71 1,590 947 27 19 57 Reserves with Federal Reserve Banks 194 467 433 13,060 4,171 491 530 1,872 951 517 Cash in vault 66 107 15 98 85 229 35 53 53 999 Balances with domestic banks 280 160 184 188 94 2,664 103 165 295 115 Other assets - net 41 100 198 126 89 2,842 109 1,290 39 95 L I A B I L I T I E S 883 1,679 Demand deposits adjusted 56,136 3,015 17,441 2,317 4,088 2,608 2,297 7,155 380 654 3,623 6,470 716 2,020 912 690 28,243 933 Time deposits except U. S. Government 66 122 150 125 129 1,047 154 455 253 3,170 U. S. Government deposits Interbank demand deposits: 426 849 412 1,956 581 853 12,208 3,308 587 573 Domestic banks 4 8 10 24 12 47 28 1,134 1,442 3 Foreign banks Borrowings: — — 40 2 1 25 22 25 3 From Federal Reserve Banks 154 7 8 202 86 25 24 636 23 34 1,229 5 From others 118 223 70 74 3,078 151 1,536 39 53 Other liabilities 77 C A P I T A L A C C O U N T S 311 426 366 483 173 10,079 756 375 1,230 3,557 1/ Exclusive of loans to banks and after deduction of valuation reserves; individual loan items are shown gross* 3,705 4,491 19,266 1,940 2,659 10,846 1,005 1,601 4,510 36 296 153 20 60 183 37 228 305 451 637 1,394 1,512 166 119 165 189 280 332 924 731 320 371 71 4,130 1,969 6,322 133 780 1,103 4,306 2,098 20 571 47 475 181 300 2,290 169 236 501 2,420 2,662 739 1,305 133 157 9,571 9,801 379 1,039 1,026 2 15 598 155 18 47 573 42 369 73 12 24 48 17 26 85 136 604 392 492 1,518 --
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