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H*l*.2 BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM (For Immediate Release) October 31, 1951 CONDITION OF WEEKLY REPORTING MEMBER BANKS IN I M P I N G CITIES The condition statement of weekly reporting member banks in leading cities shows the following principal changes for the week ended October 21*: Increases of $12? million in- loans, $963 million in holdings of Treasury bills, $928 million in demand deposits adjusted, and $1*69 million in United States Government deposits, and a decrease of $801* million in demand deposits credited to domestic banks. Commercial, industrial, and agricultural loans decreased in seven districts and increased in the other five, resulting in a net decrease of $17 million at all reporting member banks; the principal changes were decreases of $21* million in New York City and $12 million in the San Francisco District, and increases of $12 million each in the St. Louis and Dallas districts. The largest decreases were in loans to manufacturers of textiles, apparel, and leather, and to the construction industry. Continued increases were reported in loans to processors and distributors of food products, manufacturers of metals and metal products, and to public utilities. These changes according to industry of borrower are preliminary; a complete analysis will be available in another press release next Tuesday, which will include the purpose classification. Holdings of Treasury bills increased in all districts, reflecting the new issue of tax anticipation bills. Other changes in holdings of United States Government securities were relatively small. Demand deposits adjusted increased $5l5 million in New York City, $111 million in Chicago, $83 million in the Boston District, $53 million in the Cleveland District, and $51 million in the Philadelphia District. Borrowings increased $83 million in the San Francisco District and a total of $178 million at all reporting member banks. A summary of assets and liabilities of reporting member banks follows; A S S E T S Loans and investments - total Loans - net Loans - gross Commercial, industrial, and agricultural loans Loans to brokers and dealers for purchasing or carrying: U. S. Government obligations Other securities Other loans for purchasing or carrying; U. S. Government obligations Other securities Real estate loans Loans to banks Other loans Increase or decrease since Oct. 17, "Oct. 25, 1950 1951 (in millions of dollars) 72,606 33,925 3U,it03 20,1*72 +1,098 +127 +127 - 17 119 975 - 121* 565 5,638 575 5,935 - 2 + 20 k + 5 +102 + 23 +3,376 +k,787 +1,871 +1*,203 + 31*2 29 + + + + 62 22 519 329 173 -1,789 +1,212 +2,016 -1,817 6,711 +961* +963 + 18 - 31 + 111 + 7 ll*,668 901 2,559 - 80 + 15 -201 +2,289 + 57 Borrowings 52,251 16,027 2,981 10,1*65 1,221* 502 +928 + 23 +1*69 -801* - 17 +178 +2,360 + 6214 +1,11*8 +1,11*6 - 191 + 308 Debits to demand deposit accounts, except interbank accounts, during week 26,568 U. S. Government securities - total Treasury bills Treasury certificates of indebtedness Treasury notes U. S. bonds Other securities Reserves with Federal Reserve Banks Cash in vault Balances with domestic banks 31,910 3,763 3,056 5,955 19,166 -3,200 + + 378 21*1* L I A B I L I T I E S Demand deposits adjusted Time deposits except Govt. U. S. Government deposits Interbank demand deposits; and U. S. Government Domestic banks Foreign banks H.4.2„(a) ASSETS AMD LIABILITIES OF WEEKLY REPORTING MEMBER BANKS IN LEADING CITIES, OCTOBER 24, 1951 Total All New Phila- CleveRichSt. Minne-IKansas San Districts Boston York delphia land mond Atlanta Chicago Louis apolisl City IDallas Ercncisco A S S E T S IJUJLJLXUJ (In Umillions of dollars) Loans and investments - total 72;606 3,240 23,106 2,861 5,224 2,983 2,692 10,153 2,427 1,237 2 , 9 8 3 2,824 1 2 , 8 7 6 Loans - net $ 1,516 11,773 33,985 2 , 0 6 8 1,353 1 , 1 6 9 1,066 3,836 6o4 1 , 2 3 0 1,249 1,465 6,596 Commercial, industrial, and agr'l loans 20,472 984 801 7,971 1,245 5 6 8 621 2,571 6 9 8 8 1 8 1,005 335 2,855 Loans to brokers and dealers for purchasing or carrying: U.S. Government obligations 119 Other securities 975 Other loans for purchasing or carrying: U.S. Government obligations 124 Other securities 565 Real estate loans 5,638 Loans to banks 575 Other loans 5,935 U.S. Government securities - total 31,940 Treasury bills 3,763 Treasury certificates of indebtedness 3,056 Treasury notes 5,955 U. S. bonds 19,166 Other securities 6,741 Reserves with Federal Reserve Banks 14,668 Cash in vault 901 Balances with domestic banks 2,559 Other assets - net 1,313 L I A B I L I T I E S Demand deposits adjusted 52,251 Time deposits except Govt. 16,027 U. S. Government deposits 2,984 Interbank demand deposits: Domestic banks 10,465 Foreign banks 1,224 Borrowings 502 Other liabilities 1,805 CAPITAL ACCOUNTS 6,789 3 11 98 754 1 33 7 21 206 21 291 1,470 225 154 162 929 254 580 61 121 80 33 240 3 7 133 7 392 1,161 2 , 7 3 2 8 6 9 441 1,533 9,043 1,017 522 1,548 5,956 9 4 71 1 9 0 5,646 197 129 488 806 347 541 47 118 52 18,008 2,256 2 , 2 9 0 4 7 5 2 , 6 5 5 4 3 0 99 308 31 16 61 1,079 3,108 1,010 98 1,032 2,576 112 398 11 36 38 338 3 6 0 6 25 2 8 10 12 42 235 3 314 6 2 402 15 345 2,667 393 290 487 1,497 489 940 91 148 79 3,701 1,421 259 524 9 8 6 1 499 1 , 6 2 8 LL 10 24 86 5 326 1,390 2 6 3 1 7 8 128 310 927 186 579 78 171 54 259 316 637 525 47 208 61 2,312 611 142 491 6 18 33 252 2,009 532 107 6o4 9 12 40 220 Debits to demand deposit accounts, except interbank and U. S. Govt, accounts 2 6 , 5 6 8 1 , 1 3 0 1 0 , 6 3 6 1 , 0 5 5 1 , 5 8 4 1 , 0 4 4 # for FRASER Individual loan items are reported gross, i.e., before deduction of valuation reserves, Digitized 13 2 3 6 9 0 8 3 82 2 7 15 8 13 245 3 60 484 6l 6 1 8 5,397 451 6 1 8 1,027 3,301 920 2,054 110 354 92 6,913 2,693 483 1,635 44 93 1 0 2 8 0 0 3 , 4 4 8 -• I 2 8 7 1 , 0 0 5 117 184 178 526 173 46l 35 131 30 3 7 2 9 112 4 14 1 6 5 1 - - 151 502 49 39 113 301 131 211 14 2 3 0 1,479 430 217 2 6 8 1 8 13 47 123 1 2,578 17 2 8 3 1 , 1 6 5 1 , 1 8 9 2 6 7 145 199 578 170 513 44 479 75 17 564 274 594 37 322 47 3 22 30 209 818 235 56 336 3 3 21 110 2,133 433 121 980 2 42 31 241 2,270 436 134 792 9 88 33 88 5 0 9 1,066 1,013 1,547 475 72 7 2 6 1 0 3 % 3 24 - - 38 2 5 6 3 7 2 6 5,009 279 429 1,157 3,144 1,271 2,024 140 275 2 3 8 7,552 5,631 320 563 87 154 318 9 2 8 3,337
@FedFRASER