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BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM H.4,2 (For Immediate Release) October 5> 1949 CONDITION OF WEEKLY REPORTING MEMBER BANKS IN LEADING CITIES The condition statement 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 the f o l l o w i n g p r i n c i p a l changes f o r the vreek ended September 28: An increase of # 7 1 , 0 0 0 , 0 0 0 i n l o a n s , decreases of $792,000,000 i n holdings of Treasury b i l l s and $1*31)000,000 i n demand d e p o s i t s c r e d i t e d t o domestic banks, and an i n c r e a s e of $219,000,000 i n borrowings. Commercial, i n d u s t r i a l , and a g r i c u l t u r a l loans i n c r e a s e d #$0,000,000 i n New York City, $17,000,000 i n t h e S t . Louis D i s t r i c t , and by smaller amounts i n most of t h e other d i s t r i c t s ; the i n c r e a s e a t a l l r e p o r t i n g member banks was $95,000,000. Loans t o brokers and d e a l e r s f o r purchasing or carrying United 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 d $278,000,000 i n New York C i t y . "Other l o a n s " i n c r e a s e d $15,000,000. Holdings of Treasury b i l l s decreased i n most of t h e d i s t r i c t s ; t h e p r i n c i p a l decreases were $>465,000,000 i n New York City, $95,000,000 i n t h e Chicago D i s t r i c t , $53,000,000 i n t h e Cleveland D i s t r i c t , and $44,000,000 i n t h e San Francisco Dist r i c t , Holdings of Treasury c e r t i f i c a t e s of indebtedness and of United S t a t e s Government bonds decreased # 6 , 0 0 0 , 0 0 0 and $33,000,000, 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 # 8 , 0 0 0 , 0 0 0 i n the Chicago D i s t r i c t and $26,000,000 i n t h e S t . Louis D i s t r i c t , and decreased $18,000,000 i n t h e Dallas D i s t r i c t and $17,000,000 i n t h e Boston D i s t r i c t ; t h e n e t i n c r e a s e a t a l l r e p o r t i n g member banks was $21,000,000# United S t a t e s Government d e p o s i t s i n c r e a s e d $128,000,000. Demand d e p o s i t s c r e d i t e d t o domestic banks decreased i n a l l d i s t r i c t s . Borrowings i n c r e a s e d $198,000,000 in New York C i t y and $59,000,000 i n Chicago. A summary of t h e 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 decrease since S e p t . 21, S e p t . 29, 1918 1949 ( I n m i l l i o n s of d o l l a r s ) - 401 66,062 +4,157 + 471 - 901 23,998 + 24,308 472 - 837 + 95 13,381* -1,855 Sept. 28, 1949 ASSETS Loans and investments - t o t a l Loans - n e t Loans - gross Commercial, i n d u s t r i a l , and a g r i c u l t u r a 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 loans Loans t o banks Other loans 195 443 4, 207 233 a,178 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 notes U. S. bonds Other s e c u r i t i e s 37,004 2,608 7,181 1,124 26,091 5,060 Reserve with F e d e r a l Reserve Banks Cash i n v a u l t Balances with 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 Time d e p o s i t s except Govt. U. S. Government d e p o s i t s Interbank demand d e p o s i t s : Domestic banks Foreign banks Borrowings 12,005 803 2,043 46,457 15,281 2,757 8,634 1,284 359 Debits t o demand d e p o s i t accounts, except interbank and U. S. Govt, accounts, during week 20,135 + 275 + 17 991 677 - - + + l 1 4* 46 45 399 226 - 30 4p 246 82 308 + + 870 792 46 + 1 33 2 +4,445 +1,466 +3,436 -1,318 + 861 + 613 + 378 + 27 -2,620 30 79 - • + + - - + 112 21 + 3 + 128 431 5 + 219 - - + + + + 203 376 970 35 112 74 ASSETS AMD LIABILITIES OF WEEKLY REPORTING MEMBER BANKS IN LEADING CITIES, SEPTEMBER 28, 194.9 Fed e r a 1 Re s e r v e Di s t r i c t Total New P h i l a - jCleve- R i c h all St. Minne- Kansas San Boston Atlanta Chicago Dallas districts York d e l p h i a } land mond Louis a p o l i s C i t y Franciscc (In m i l l i o n s of do]. l a r s ) ASSETS 66,062 2,981 21,595 2,694 Loans and investments - t o t a l 4,596 2,624 9,311 2,344 2,184 1,272 2,510 2,403 11,548 1,006 8,283 901 1,431 840 Loans - n e t # 23,998 792 2,499 878 1,053 4,974 904 437 6o6 5,097 807 Commercial, i n d u s t r i a l , and a g r ' l loans 13,384 475 383 466 1,597 488 223 712 1,973 557 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 : 8 1 —• U. S . Government o b l i g a t i o n s 17 935 991 25 2 3 8 20 17 549 Other s e c u r i t i e s 677 7 7 2 35 5 7 15 5 Other l o a n s f o r purchasing or c a r r y i n g : 11 2 63 U. S . Government o b l i g a t i o n s 31 11 21 13 195 10 6 12 5 10 18 197 7 20 32 22 Other s e c u r i t i e s 11 10 54 443 5 39 28 100 141 285 4 24 70 199 Real e s t a t e l o a n s 180 67 4,207 349 132 89 2,171 17 127 11 2 14 Loans t o banks 5 24 7 1 233 3 22 217 1,004 227 293 251 220 Other l o a n s 427 214 4,178 133 173 204 815 1,792 11,761 1,466 U. S . Government s e c u r i t i e s - t o t a l 37,004 2,796 1,642 6,080 1,342 1,116 730 1,402 1,225 5,652 2,608 Treasury b i l l s 663 94 154 70 134 669 94 322 72 57 163 116 T r e a s u r y c e r t i f i c a t e s of indebtedness 7,181 168 2,227 397 363 259 370 1,117 158 243 357 336 1,186 Treasury n o t e s 1,124 274 30 43 95 42 37 231 21 67 41 199 44 U. S , bonds 26,091 1,258 8,597 1,114 2,204 1,247 865 4,063 775 815 479 729 3,945 Other s e c u r i t i e s 5,060 183 1,551 327 369 210 142 732 164 922 105 230 125 12,005 Reserve with F e d e r a l Reserve Banks 456 4,776 729 388 448 432 1,792 209 351 423 1,552 449 803 173 52 68 Cash i n v a u l t 83 102 44 42 31 13 32 37 126 2,043 88 102 Balances w i t h domestic banks 139 94 159 147 312 112 90 262 276 262 1,151 Other a s s e t s - n e t 75 63 86 53 48 444 26 53 16 26 52 209 L I A B I L I T I E S 46,457 2,399 16,384 2,049 Demand d e p o s i t s a d j u s t e d 3,076 2,006 1,699 6,196 1,399 823 1,854 1,908 6,664 15,281 Time d e p o s i t s except Govt. 2,452 479 1,367 443 595 2,574 543 484 251 386 451 5,256 1,122 126 109 2,757 212 U. S . Government d e p o s i t s 90 64 496 55 65 64 51 303 268 2,678 8,634 351 Interbank demand d e p o s i t s : Domestic banks 431 384 427 1,435 552 755 550 334 469 11 24 1,095 1,284 7 10 Foreign banks 5 41 2 1 3 9 76 228 10 6 Borrowings 10 66 4 359 9 12 7 5 2 653 30 18 Other l i a b i l i t i e s 1,096 27 44 37 71 18 17 13 17 151 6,196 2,478 325 CAPITAL ACCOUNTS 313 227 471 194 724 181 201 101 205 776 Debits t o demand d e p o s i t a c c o u n t s , except 20,135 8,566 i n t e r b a n k and U. S . Govt, accounts 796 732 616 1,095 754 2,758 727 572 390 649 2,480 Digitized ^ I n d for i v FRASER 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 L r e s e r v e s . H.4.2 (a) VMM
@FedFRASER