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Heit.2 BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM (For Immediate Release) October 21;, 1951 CONDITION OF WEEKLY REPORTING MEMBER BAMS IN LEADING CITIES The c o n d i t i o n s t a t e m e n t 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 17s I n c r e a s e s of $297 m i l l i o n i n l o a n s , i l l 2 m i l l i o n i n h o l d i n g s of United S t a t e s Government s e c u r i t i e s , $kh5 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 $621; m i l l i o n i n demand d e p o s i t s c r e d i t e d t o domestic banks, and a d e c r e a s e of $6h5 m i l l i o n i n United S t a t e s Government d e p o s i t s . 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 $92 m i l l i o n i n New York City, $32 m i l l i o n i n t h e Cleveland D i s t r i c t , -Slit m i l l i o n each i n t h e S t . Louis and San F r a n c i s c o d i s t r i c t s , and a t o t a l of $175 m i l l i o n . About t w o - t h i r d s of t h i s i n c r e a s e was i n a d d i t i o n a l l o a n s t o p r o c e s s o r s and d i s t r i b u t o r s of food p r o d u c t s . S u o s t a n t i a l i n c r e a s e s were a l s o r e p o r t e d i n l o a n s to p u b l i c u t i l i t i e s and s a l e s f i n a n c e companies. The o n l y n e t d e c r e a s e was i n l o a n s to m a n u f a c t u r e r s of t e x t i l e s , a p p a r e l , and l e a t h e r . The changes i n l o a n s according t o i n d u s t r y of borrower and purpose of l o a n s a r e p r e l i m i n a r y ; a complete a n a l y s i s w i l l be a v a i l a b l e i n another p r e s s r e l e a s e next Tuesday. Holdings of Treasury b i l l s i n c r e a s e d $122 m i l l i o n . Holdings of Treasury 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 $2l;0 m i l l i o n and Treasury n o t e s decreased $272 m i l l i o n , p a r t i a l l y r e f l e c t i n g t h e exchange of maturing n o t e s f o r a new c e r t i f i c a t e i s s u e . Holdings of United S t a t e s Government bonds i n c r e a s e d $22 m i l l i o n . Demand d e p o s i t s a d j u s t e d i n c r e a s e d $121 m i l l i o n i n t h e New York D i s t r i c t , $86 m i l l i o n i n t h e Cleveland D i s t r i c t , $63 m i l l i o n i n t h e San F r a n c i s c o D i s t r i c t , $55 m i l l i o n i n t h e D a l l a s D i s t r i c t , and m i l l i o n in t h e Richmond D i s t r i c t . Borrowings i n c r e a s e d a t o t a l of $111; m i l l i o n a t a l l r e p o r t i n g member banks. 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 : Increase or decrease since Oct. 10, Oct. 18, 1951 1950 (In mi]Llions of d o l l a r s ) +2 ,667 +123 71,508 +297 +b,976 33,798 +308 +5 ,060 3k,276 20,189 +lt ,393 +175 Oct. 17, 1951 ASSETS Loans and i n v e s t m e n t s - t o t a l Loans - n e t Loans - g r o s s 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 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. 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 l o a n s Loans t o banks Other l o a n s 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 i n d e b t e d n e s s Treasury n o t e s U. S. bonds Other s e c u r i t i e s Reserves with Federal Reserve Banks Cash i n v a u l t Balances w i t h domestic banks 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 Ti-ae d e p o s i t s except 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 Foreign banks Borrowings E-=bits t o demand d e p o s i t a c c o u n t s , except i n t e r b a n k arid U. S. Government a c c o u n t s , during week * October 10 f i g u r e s r e v i s e d (Boston D i s t r i c t ) 121 955 - 36 + 6 128 565 5,633 173 5,912 + 1 + 15 +12*8 — 1 — — 2hl 3 56 + 12 + 531 + 251 + 179 - 30,976 2,800 3,038 5,986 19,152 6,731 +212* +122 +21;0 -272 + 22* + lU* lit, 71*8 886 2,760 + la - 33 +171 —2,601; + 363 +2 ,009 - 1 ,765 - 3 ,211 + 295 * +1,993 + hi + 299 51,323 16,001; 2,515 11,269 1,21;1 321; +bhS + 23 -61x5 +621; + 18 +111; +1 ,981; + 579 Sh 0 +i ,358 — 151 + 1 Sb 25,680 H.4.2(a) ASSETS AMD LIABILITIES OF WEEKLY REPORTING MEMBER BANKS IN LEADING CITIES, OCTOBER 17, 1951 3?otal All D i s t r i c t s Boston ASSETS Loans and investments - t o t a l Loans - n e t # Commercial, i n d u s t r i a l , and a g r ' l loans Loans t o b r o k e r s 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 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 l o a n s Loans t o banks 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 Reserves with F e d e r a l Reserve Banks Cash i n v a u l t Balances with domestic banks Other a s s e t s - net 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 except 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 Foreign banks Borrowings Other l i a b i l i t i e s CAPITAL ACCOUNTS Re s e r F e d e r a 1 RichCleveNew Philamond A t l a n t a land York delphia ( i n m i l l i o n s of 2,840 22,662 2,652 2,969 5,159 1,056 2,070 1,176 11,695 1,357 6l4 806 1,246 572 7,994 71,508 33,798 20,489 3,163 1,506 991 121 955 2 11 95 749 1 31 7 25 3 7 128 565 5,633 473 5,912 30,976 2,800 3,038 5,986 19,152 6,734 14,748 886 2,760 1,323 7 23 205 6 289 1,402 164 150 162 926 255 585 61 105 79 34 239 867 347 1,536 8,680 626 536 1,549 5,969 2,287 5,577 196 150 506 4 7 136 7 389 1*146 74 67 196 809 337 543 48 130 52 11 6l 401 15 346 2,602 318 290 487 1,507 487 931 88 173 77 51,323 16,004 2,515 11,269 1,241 324 1,788 2,649 475 98 332 29 3 63 17,468 2,647 878 3,351 1,032 122 1,017 2,205 432 112 453 12 20 41 6,761 344 2,576 338 v e D i s t St. Chicago Louis dollars) 10,018 2,400 3,829 1,243 686 2,567 r i c t San Minne- Kansas a p o l i s C i t y D a l l a s Francisc 1,218 606 337 9 11 75 1 7 12 42 235 10 310 1,607 242 130 310 925 186 577 77 218 5% 10 24 86 5 326 i,36l 145 242 334 640 235 524 46 244 59 15 60 485 57 617 5,269 331 625 1,029 3,284 9202,141 108 356 91 8 13 244 11 287 984 102 175 178 529 173 444 33 137 29 .3,648 1,421 215 577 8 1 60 2,344 611 111 539 6 6,801 2,690 447 1,770 4l 100 1,522 475 70 732 2 5 29 816 235 40 351 3 32 1,984 531 83 657 11 1 38 498 252 220 799 Debits t o demand d e p o s i t a c c o u n t s , except 1,028 1,628 10,181 922 25,680 985 i n t e r b a n k and U. S. Govt, accounts # I n d i v i d u a l loan items a r e r e p o r t e d g r o s s , i . e . , b e f o r e deduction of v a l u a t i o n r e s e r v e s . 934 3,596 — - - 66 2,927 1,225 816 •f 7 2,755 1,452 993 12,745 6,583 2,867 9 1 22 4 14 165 1 227 1,429 376 210 275 568 273 624 36 359 45 14 47 123 1 281 1,134 218 143 196 577 169 584 41 457 73 7 26 2,574 13 1,153 4,881 175 431 1,155 3,120 1,281 2,010 138 312 241 2,263 433 73 841 9 21 2,115 432 110 1,027 2 35 30 36 7,508 5,622 278 639 86 71 321 208 110 240 255 921 813 401 1,066 912 3,214 - - 3 2 9 112 151 481 29 39 115 298 131 208 14 119 17 ~m - - - -
@FedFRASER