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H.U«2 BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM (For Immediate Release) September 16, 19$ CONDITION OF WEEKLY REPORTING MEMBER BANKS IN LEADING CITIES The condition statement of weekly reporting member banks i n leading c i t i e s shows the following p r i n c i p a l changes f o r the week ended September 9: Decreases of $285 million i n holdings of United States Government s e c u r i t i e s , $210 million i n reserve balances with Federal Reserve Banks, and $821 million i n United States Government d e p o s i t s , and an increase of $1*00 million i n demand deposits credited to domestic banks* 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 decreased i n s i x d i s t r i c t s and increased i n the other s i x , r e s u l t i n g i n a net decrease of 08 million at a l l r e p o r t ing member banks. Changes according t o industry appear i n another press r e l e a s e . Loans to brokers and dealers f o r purchasing or carrying s e c u r i t i e s increased $16? m i l l i o n . Loans to banks decreased $117 m i l l i o n . Holdings of Treasury b i l l s decreased $183 million at a l l reporting member banks j the p r i n c i p a l changes were decreases of &13l* million i n New York City, $1*3 million i n t h e Chicago D i s t r i c t , and $37 million i n the Cleveland D i s t r i c t , and an increase of $27 million i n the Kansas City D i s t r i c t . Holdings of Treasury c e r t i f i cates of indebtedness decreased $ll* m i l l i o n . Holdings of Treasury notes decreased $88 m i l l i o n . Demand deposits adjusted decreased $76 million i n the Cleveland D i s t r i c t and $29 million i n the Dallas D i s t r i c t , and increased $1*8 million i n New York City and $22 million i n the Boston D i s t r i c t j there was a net decrease of $25 million at a l l reporting member banks. Time deposits increased $60 m i l l i o n , of which $50 million was i n New York C i t y . Borrowings increased $50 million each i n the Chicago and San Francisco d i s t r i c t s , but they decreased $63 million i n New York City; the net increase at a l l reporting member banks was $5 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 reporting member banks follows: Sept. 9, 1953 ASSETS Increase or decrease since Sept. 2 , * Sept. 10, 1952 1953 (In millions of dollars) Loans and investments - t o t a l Loans - net 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 to brokers and dealers f o r purchasing or carrying s e c u r i t i e s Other loans f o r purchasing or carrying s e c u r i t i e s Real e s t a t e loans Loans to banks Other loans 79,138 10,099 bo,721 22,957 -21*7 + 32 + 31 - 8 +2,888 +3,776 +3,830 +1,538 2,017 731 6,372 61*5 7,999 +167 - 1 + 7 -117 - 17 + 51*1* 58 + 1*26 + 56 +1,321* 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 -285 -183 - Ik - 88 Reserves with Federal Reserve Banks Cash i n vault Balances with domestic banks 31,512 2,106 1,691 5,279 19,1*36 7,527 13,929 95k 2,513 - 711 - 1*21* +1,1*83 - 761* -1,006 - 177 -1,093 1*1 + 115 L I A B I L I T I E S Demand deposits adjusted Time deposits except Government U. 5 . Government deposits Interbank demand d e p o s i t s : Domestic banks Foreign banks Borrowings 53,034 18,691 1,003 10,1+90 1,25k 919 * September 2 f i g u r e s revised (San Francisco D i s t r i c t ) mmmm + 6 -210 + 55 + 72 - 25 + 60 -821 +1*00 + 11 + 5 - 600 +1,375 + 978 97 71 - 21*7 n.'t.glttj "Jaaxu niMj Total All Boston Districts New York r i D i s t r i c t P e d e r a 1 R e s e r v e San Phila- Cleve- Rich- Atlanta Chicago St. Minne- Kansas Dallas City apolis Francisco Louis mond land delphia (In millions of dollars) ASSETS Loans and investments - total Loans - net# Commercial, industrial, and agr'l loans Loans to brokers and dealers for purchasing or carrying securities Other loans for purchasing or carrying securities Real estate loans Loans to banks Other loans 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 Other assets - net L I A B I L I T I E S Demand deposits adjusted Time deposits except Government U. S. Government deposits Interbank demand deposits: Domestic banks Foreign banks Borrowings Other liabilities CAPITAL ACCOUNTS 79A38 40,099 22,957 3,538 24,462 1,885 13,769 8,948 1,119 3,050 1,679 950 5,650 2,531 1,492 3,176 1,398 630 2,962 1,228 690 36 42 15 15 38 89 17 4oi 2,017 16 1,514 731 6,372 64 5 7,999 31,512 2,106 4,691 5,279 19,436 7,527 13,929 954 2,513 1,573 24 310 31 420 1,333 106 139 109 979 320 557 67 102 93 242 4 387 2,048 542 8,310 1,029 46 558 1,124 123 106 956 5,672 754 342 2,383 5,003 512 211 48 108 130 62 594 63 73 482 26l 14 29 4l6 478 2,601 1,551 146 139 225 497 274 596 1,362 913 518 227 915 523 76 95 202 145 60 92 53,034 2,790 17,267 2,264 468 3,415 576 161 149 1,563 3,739 2,352 648 1,615 265 167 2,146 574 114 508 626 18,691 4,003 10,490 1,254 919 2,240 7,476 315 33 5 89 400 852 2,937 1,014 294 1,133 2,777 19 160 423 17 43 48 356 595 7 44 69 563 10 33 42 277 # Individual loan items are reported gross, i.e., before deduction of valuation reserves. 1,472 163 247 343 719 262 477 46 236 60 9 20 46 246 11,259 2,536 4,601 1,339 682 2,874 1,391 700 346 3,173 1,307 792 3,200 1,783 1,157 14,741 7,879 3,277 309 10 2 9 10 39 116 538 40 18 252 42 353 995 11 136 22 188 16 292 1,542 71 135 8 421 1,233 153 202 179 699 184 546 47 439 90 806 5,589 276 828 1,166 3,319 1,069 2,102 122 322 118 61 203 197 534 202 427 36 140 35 7,266 1,598 3,006 501 112 657 1,770 47 173 124 880 662 2 33 38 228 16 198 540 17 72 119 332 151 250 14 80 19 884 263 82 365 3 10 28 119 290 264 317 671 324 554 40 326 42 2,203 2,448 510 575 128 105 941 2 29 52 270 803 11 16 46 318 34 2,969 41 1,624 5,317 151 767 917 3,482 1,545 2,063 152 283 308 8,077 6,540 500 545 99 219 525 1,042
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