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H.U.2 BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM (For Immediate R e l e a s e ) October 26, 1955 CONDITION OF WEEKLY REPORTING MEMBER BANKS 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 1 9 : A d e c r e a s e of $U?8 m i l l i o n i n h o l d i n g s of U n i t e d S t a t e s Government s e c u r i t i e s ; i n c r e a s e s of $375 m i l l i o n i n r e s e r v e b a l a n c e s w i t h F e d e r a l Reserve Banks and $675 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 d e c r e a s e s of $712 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 and $269 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 d o m e s t i c b a n k 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 d e c r e a s e d i n s i x d i s t r i c t s , i n c l u d i n g $U7 m i l l i o n i n New York C i t y , and i n c r e a s e d i n t h e o t h e r s , and t h e r e was a n e t d e c r e a s e of $32 m i l l i o n a t a l l r e p o r t i n g member b a n k s . Changes a c c o r d i n g t o i n d u s t r y a p p e a r i n a n o t h e r p r e s s r e l e a s e . 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 o r c a r r y i n g s e c u r i t i e s d e c r e a s e d $69 m i l l i o n . Real e s t a t e l o a n s i n c r e a s e d $39 m i l l i o n . Holdings of T r e a s u r y b i l l s d e c r e a s e d $106 m i l l i o n , of which $62 m i l l i o n was i n New York C i t y . Holdings of 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 d e c r e a s e d i n a l l b u t one d i s t r i c t and a t o t a l of $2ltU m i l l i o n ; t h e p r i n c i p a l d e c r e a s e was $137 m i l l i o n i n New York C i t y . Holdings of T r e a s u r y n o t e s and of " o t h e r " s e c u r i t i e s d e c r e a s e d $123 m i l l i o n and $21 m i l l i o n , r e s p e c t i v e l y . 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 $290 m i l l i o n i n New York C i t y , $186 m i l l i o n i n t h e C l e v e l a n d D i s t r i c t , $76 m i l l i o n i n the San F r a n c i s c o D i s t r i c t , $U6 m i l l i o n i n t h e Kansas C i t y D i s t r i c t , and $1*2 m i l l i o n i n t h e Boston D i s t r i c t . Borrowings from F e d e r a l Reserve Banks d e c r e a s e d $63 m i l l i o n and borrowings from o t h e r s i n c r e a s e d $135 m i l l i o n . Loans t o banks i n c r e a s e d $13U m i l l i o n . 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 ; I n c r e a s e or Oct. decrease since 19, Oct. 20, Oct. 12, 1955 1955 1951 ( I n m i l l i o n s of d o l l a r s ) A S S E T S -560 + 867 +7,265 2 / +3,956 + + + 22U + 207 2 / +1,085 Loans and i n v e s t m e n t s a d j u s t e d ^ / Loans a d j u s t e d ! / 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 purchasing or carrying 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 s e c u r i t i e s Real e s t a t e l o a n s Other l o a n s 85,5U2 L5,97L 25,082 U. S . Government s e c u r i t i e s - t o t a l Treasury b i l l s 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 Treasury notes U. S . bonds Other s e c u r i t i e s 30,91a 1,035 1,300 7,959 20,647 8,627 - 21 - 690 -3,077 + 6h Loans t o banks Reserves w i t h F e d e r a l Reserve Banks Cash i n v a u l t Balances w i t h domestic banks 967 13,713 990 2,153 +13U +375 - 32 -i5o + + - 2,636 1,180 8,01+0 9,771 - 61 - 32 69 8 39 7 -U78 -106 -2ltU -123 - 5 ?/ +1,866 -6,L62 -1,593 -1,102 230 211 li3 333 L I A B I L I T I E S + 823 +675 56,293 Demand d e p o s i t s a d j u s t e d + 330 21,676 - 3h Time d e p o s i t s e x c e p t U. S . Government 885 -712 3,U80 U. S . Government d e p o s i t s 880 2 6 9 10,6lU I n t e r b a n k demand d e p o s i t s : Domestic banks + 22 117 1,U7U F o r e i g n banks 63) 710 Borrowings: From F e d e r a l Reserve Banks YJLU ojj Crir> 623 From o t h e r s ^+135) ~y E x c l u s i v e of l o a n s t o banks and a f t e r d e d u c t i o n of v a l u a t i o n r e s e r v e s ; i n d i v i d u a l l o a n i t e m s a r e shown g r o s s . 2 / October 5, 1955 r e c l a s s i f i c a t i o n i n c r e a s e d 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 $318 m i l l i o n and d e c r e a s e d r e a l e s t a t e l o a n s and " o t h e r " l o a n s by $29U and $25 m i l l i o n s , r e s p e c t i v e l y . ASSETS AMD LIA]3ILITIES 0] WEEKLY REPORTING MEMBER BANKS IN LEADING CITIES, OCTOBER 19, 1955 D 1 s t r i c t F e d e r a l R e s e r v e Total New P h i l a S t . Minne- Kansas Cleve- R i c h San All A t l a n t a Chicago Dallas Boston Louis a p o l i s C i t y land mond York d e l p h i a Francisco Districts ( I n m i l l i o n s of dol]Lars) ASSETS H.4.2(a) 85,542 45,974 25,082 3,824 2,209 1,308 25,763 15,142 9,260 3,287 2,066 1,072 6,057 2,857 1,330 3,435 1,699 768 3,313 1,619 899 11,669 5,197 3,118 2,764 1,533 782 1,489 819 433 3,389 1,677 979 3,813 2,358 1,513 16,739 8,798 3,620 2,636 28 1,938 59 169 36 27 223 25 4 18 17 92 1,180 8,o4o 9,771 37 338 541 474 1,198 2,531 52 210 714 104 687 620 69 335 513 40 156 521 175 750 1,032 27 276 443 15 168 209 22 277 396 119 205 529 46 3,440 1,722 U. S. Government s e c u r i t i e s - t o t a l Treasury b i l l s 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 Treasury notes U. S . bonds Other s e c u r i t i e s 30,941 1,035 1,300 7,959 20,647 8,627 1,227 54 57 236 880 388 7,942 394 260 1,703 5,585 2,679 903 14 69 193 627 318 2,579 103 81 760 1,635 621 1,463 57 52 331 1,023 273 1,369 90 64 461 754 325 5,243 82 189 1,399 3,573 1,229 986 26 30 357 573 245 512 12 16 158 326 158 1,361 89 62 417 793 351 1,206 39 74 258 835 249 6,150 75 346 1,686 4,043 1,791 Loans t o banks Reserves w i t h F e d e r a l Reserve Banks Cash i n v a u l t Balances w i t h domestic banks Other a s s e t s - n e t 967 13,713 990 2,453 1,916 37 575 70 108 92 641 4,665 221 172 792 6 501 52 111 78 17 939 98 155 93 14 536 81 170 71 16 492 52 247 66 13 1,965 116 279 132 20 441 36 134 44 1 219 16 75 23 8 574 42 300 50 13 596 48 426 142 181 2,210 158 276 333 56,293 21,676 3,480 2,976 633 137 17,831 4,386 1,379 2,412 509 132 4,017 1,737 267 2,533 721 129 2,344 635 106 7,234 3,204 519 1,773 559 87 889 287 52 2,368 558 112 2,705 818 144 9,211 7,629 4l6 10,614 1,474 373 31 3,029 1,143 432 21 546 9 498 11 689 11 1,714 46 680 4 341 3 880 2 861 18 571 175 710 623 2,318 8,393 15 24 87 430 68 278 1,156 2,984 45 41 55 388 33 37 82 631 21 28 45 321 48 7 50 296 258 44 143 1,012 21 9 41 265 60 25 27 139 78 11 34 320 37 4 62 389 26 115 536 1,218 1 1 h I Loans and i n v e s t m e n t s a d j u s t e d l / Commercial, i n d u s t r i a l , and a g r ' 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 purchasing or carrying 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 o r c a r r y i n g securities Real e s t a t e l o a n s Other l o a n s 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 U. S. Government 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: From F e d e r a l Reserve Banks From o t h e r s Other l i a b i l i t i e s CAPITAL ACCOUNTS 1 / E x c l u s i v e of l o a n s t o banks and a f t e r d e d u c t i o n of v a l u a t i o n r e s e r v e s ; i n d i v i d u a l l o a n items a r e shown g r o s s .