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H.lt.2 BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM (For Immediate R e l e a s e ) October 5, 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 September 28: Decreases of $199 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 and $336 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 an i n c r e a s e of $1*16 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 i n e i g h t d i s t r i c t s and decreased i n t h e o t h e r s , r e s u l t i n g i n a n e t i n c r e a s e of $100 m i l l i o n a t a l l r e p o r t i n g member banks; t h e p r i n c i p a l i n c r e a s e s were $63 m i l l i o n i n New York C i t y and $13 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 . Changes according t o i n d u s t r y appear i n a n o t h e r p r e s s r e l e a s e . Real e s t a t e l o a n s i n c r e a s e d $1*1 m i l l i o n . "Other" l o a n s i n c r e a s e d $71* m i l l i o n . * 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 $1*1 m i l l i o n , of which $28 m i l l i o n was i n t h e San F r a n c i s c o D i s t r i c t . Holdings of Treasury n o t e s d e c r e a s e d $1*3 m i l l i o n i n t h e Chicago D i s t r i c t and $1*1 m i l l i o n i n t h e San Francisco D i s t r i c t , b u t t h e y i n c r e a s e d $1*9 m i l l i o n i n New York C i t y ; t h e r e was a n e t decrease of $90 m i l l i o n a t a l l r e p o r t i n g member banks. Holdings of United S t a t e s Government bonds d e c r e a s e d $53 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 $1*3 m i l l i o n a t a l l r e p o r t i n g member banks; t h e p r i n c i p a l changes were an i n c r e a s e of $135 m i l l i o n i n t h e Chicago D i s t r i c t and a decrease of $91 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 . Borrowings from F e d e r a l Reserve Banks decreased $199 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 $113 m i l l i o n . Loans t o banks i n c r e a s e d $91* 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 : ASSETS I n c r e a s e or decrease since S e p t . 29^ S e p t . 21, 195k I ( I n m i l l i o n s of d o l l a r s ) 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 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 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 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 81,503 1*5,1*59 2)4,670 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 notes U. S . bonds Other s e c u r i t i e s 30,31*7 991* 1*96 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 - 13 +218 +100 +l,8ll* +6,961* +3,655 + + + 15 12 I4I 7h + 3 + 253 +1,355 +1,776 -5,31*9 -1,871* 20,787 8,697 8,070 -199 - 15 - 1*1 - 90 - 53 - 32 896 91* 2,1*06 1,191* 8,257 9,669 6 13,370 1,030 2,1*26 63 56,306 21,61*3 2,831* 10,188 1,1*61* 538 501 + U3 + 3 +1*16 -336 + 28 -199) +113) 1*8 -2,008 +1,1*00 -2,867 + 199 + + - 363 68 38 118 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 Foreign banks Borrowings: From F e d e r a l Reserve Banks From o t h e r s +1,,263 373 32 789 + 202 + + + 502 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 deduction 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 . ASSETS AMD LIABILITIES OF WEEKLY REPORTING MEMBER BARKS IN LEADING CITIES, SEPTEMBER 28, 1955 F <5 d e r a 1 D 1 s t r i c 1 Re s e r v e Total S t . Minne- Kansas San New P h i l a Cleve- RichAll Dallas A t l a n t a Chicago Boston Francisco mond Louis a p o l i s C i t y land York delphia ( I n m i l l i o n s of dol]Lars) ASSETS 16,537 3,366 3,217 11,582 2,706 1,503 3,360 3,747 3,768 25,538 3,241 5,938 84,503 Loans and investments a d j u s t e d l / 1,663 827 2,318 8,748 1,509 2,034 2,830 5,154 1,677 1,575 2,192 14,932 45,459 Loans a d j u s t e d l / 3,046 429 728 3,605 Commercial, i n d u s t r i a l , and a g r ' l loans 24,670 1,221 972 1,494 9,212 1,008 1,299 899 757 Loans t o b r o k e r s and d e a l e r s f o r 4 18 20 48 24 229 2,406 165 27 76 23 1,741 purchasing or c a r r y i n g s e c u r i t i e s 31 Other loans f o r purchasing or c a r r y i n g 18 184 26 112 104 42 25 49 70 1,194 477 32 securities 55 211 163 1,280 301 678 152 3,412 277 249 796 403 8,257 335 Real e s t a t e l o a n s 386 506 636 452 223 2,483 1,729 548 479 513 9,669 715 999 Other loans H.4.2(a) 6,020 72 159 1,715 4,074 1,769 13 533 44 292 47 1,172 57 19 268 828 257 18 564 50 463 135 881 286 52 2,347 560 110 2,722 822 100 9,092 7,615 409 652 4 349 3 854 2 841 20 535 167 13 20 41 264 52 17 29 136 59 3 34 320 21 5 60 386 16 41 518 1,233 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 30,347 994 496 8,070 20,787 8,697 1,188 41 15 253 879 388 7,868 382 84 1,731 5,671 2,738 886 4o 20 198 628 321 2,479 77 11 758 1,633 629 l,4l6 52 13 324 1,027 273 1,322 71 43 460 748 320 5,184 69 93 1,400 3,622 1,244 955 24 5 359 567 242 516 8 9 174 325 160 1,341 101 25 430 785 356 Loans t o banks Reserves with Federal Reserve Banks Cash i n v a u l t Balances with domestic banks Other a s s e t s - n e t 896 13,370 1,030 2,426 1,888 49 500 69 82 89 515 4,588 229 175 767 23 496 56 106 79 44 930 102 147 90 21 522 85 165 69 8 485 52 238 66 27 1,986 122 289 128 23 420 37 137 44 1 188 16 75 22 56,306 21,643 2,834 2,895 6l4 142 18,021 2,441 509 4,397 115 857 4,005 1,741 212 2,482 2,310 628 721 87 137 7,384 3,194 522 1,726 556 91 10,188 1,464 340 31 2,940 1,136 417 22 511 9 461 12 630 11 1,658 47 538 501 2,286 8,353 1 20 93 421 50 310 1,134 2,967 37 16 59 385 53 15 77 628 23 25 52 315 54 7 49 290 159 22 140 1,008 154 2,158 168 257 352 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 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 Foreign 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 l / Exclusive of l o a n s t o banks and a f t e r deduction 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 loan items a r e shown g r o s s .
@FedFRASER