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BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM (For Immediate Release) September 1$, 1956 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 in leading c i t i e s shows t h e folowing p r i n c i p a l changes f o r the week ended September 12: Increases of $857 m i l l i o n in demand d e p o s i t s a d j u s t e d and $464 m i l l i o n i n demand deposits c r e d i t e d t o domestic banks, and a decrease of $910 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 and i n d u s t r i a l loans increased $190 m i l l i o n a t a l l reporting member banks; t h e p r i n c i p a l changes were i n c r e a s e s of $108 m i l l i o n i n New York City, $48 m i l l i o n i n the San Francisco D i s t r i c t , $14 m i l l i o n i n Chicago, and $10 m i l l i o n in the Cleveland D i s t r i c t , and a decrease of $10 m i l l i o n i n the Chicago D i s t r i c t outs i d e of Chicago. Changes according t o industry appear in another p r e s s r e l e a s e . Real e s t a t e loans increased $28 m i l l i o n . Holdings of Treasury b i l l s increased $112 m i l l i o n , of which $62 m i l l i o n was in New York C i t y . Holdings of Treasury notes decreased $39 m i l l i o n i n the Cleveland D i s t r i c t and a t o t a l of $79 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 increased $14 m i l l i o n . Demand d e p o s i t s a d j u s t e d increased $383 m i l l i o n i n the New York D i s t r i c t , $146 m i l l i o n i n the San Francisco D i s t r i c t , and by smaller amounts i n a l l but one of the other d i s t r i c t s . Time d e p o s i t s increased $100 m i l l i o n , o f which $98 m i l l i o n was in New York c i t y . Borrowings from Federal Reserve Banks decreased $87 m i l l i o n and borrowings from o t h e r s increased $86 m i l l i o n . Loans t o banks increased $143 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 l o w s : Increase or Sept. decrease since 12, Sept. 5,* Sept. 14, 1956 1956 1955 H.4.2 ASSETS Loans and investments a d j u s t e d l / Loans a d j u s t e d l / ~ Commercial and i n d u s t r i a l loans A g r i c u l t u r a l loans Loans t o brokers and d e a l e r s f o r purchasing or c a r r y i n g 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 Other loans 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 85,868 51,457 29,084 470 +184 +162 +190) + 9) 1,864 1,223 8,775 10,913 - 41 + 28 26,545 575 1,114 5,689 19,167 + 44 +112 - 3 - 79 + 14 7,666 - 10 - 12 - 22 +1,133 +6,428 2 / +5,154 - 540 + 23 2 / + 587 2 / +1,338 -4,395 - 575 + 497 -2,578 -1,739 900 Loans t o banks + 380 1,469 +143 Reserves with Federal Reserve Banks + 13,251 53 - 39 Cash in v a u l t + +128 28 1,059 Balances with domestic banks 2,561 96 + 99 L I A B I L I T I E S Demand deposits a d j u s t e d +857 55,777 333 Time deposits except U. S. Government + 440 +100 22,046 U. S. Government d e p o s i t s +. 171 2,472 -910 Interbank demand d e p o s i t s : Domestic banks +464 11,307 94 Foreign banks + 124 - 28 1,566 Borrowings: From Federal Reserve Banks + 487 - 87 83 From o t h e r s + 398 + 86 1,200 1/ Exclusive of loans 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 ; individual loan items 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 increased commercial and i n d u s t r i a l loans $318 m i l l i o n and decreased r e a l e s t a t e loans and "other" loans $294 and $25 millions, respectively. * September 5 f i g u r e s revise*}. (San Francisco D i s t r i c t ) . ASSETS AMD LIABILITIES OF WEEKLY REPORTING MEMBER BANKS IN LEADING CITIES, SEPTEMBER 12, 1956 Total F e d e r a l R e s e r v e D i s t r i c t New P h i l a - Cleve- RichAll S t . Minne- Kansas San D i s t r i c t s Boston York delphia land mond A t l a n t a Chicago Louis a p o l i s City Dallas Francisco ASSETS (In millions of d o l l a r s ) Loans and investments a d j u s t e d l / 85,868 3,831 25,910 3,238 6,188 3,454 3,331 11,602 2,711 1,488 3,354 3,836 16,925 Loans a d j u s t e d l / 2,474 16,763 2,242 3,373 1,827 1,775 51,457 6,056 1,615 901 1,787 2,462 10,182 Commercial and i n d u s t r i a l loans 29,084 1,489 11,379 1,176 1,667 964 851 464 3,760 793 932 1,500 4,089 A g r i c u l t u r a l loans 10 470 1 13 1 10 11 16 110 19 7 240 32 Loans t o brokers and d e a l e r s f o r purchasing or c a r r y i n g s e c u r i t i e s 1,864 24 1,217 216 52 123 33 37 22 33 25 5 77 Other loans f o r purchasing or c a r r y i n g securities 1,223 l4l 23 471 47 166 28 14 55 53 25 145 55 Real e s t a t e loans 1,222 8,775 231 803 373 167 338 283 759 212 172 293 3,922 Other loans 10,913 605 786 2,763 1,202 743 569 483 242 425 573 581 1,941 26,545 1,027 U. S. Government s e c u r i t i e s - t o t a l 6,790 1,362 1,247 4,4l6 727 2,160 872 432 1,223 1,137 5,152 26 178 49 575 63 Treasury b i l l s 9 84 9 25 37 7 51 37 1,114 42 66 389 71 16 71 Treasury c e r t i f i c a t e s of indebtedness 18 143 42 55 67 134 164 1,178 5,689 138 287 Treasury n o t e s 583 110 991 249 379 1,084 209 317 19,167 783 5,045 538 1,480 U. S. bonds 971 3,245 582 810 780 739 297 3,897 7,866 269 330 265 2,357 655 1,130 224 Other s e c u r i t i e s 309 344 155 237 1,591 Loans t o banks 1,469 23 28 909 66 32 27 31 21 36 28 3 265 Reserves with F e d e r a l Reserve Banks 13,251 490 4,433 1,884 922 571 200 518 529 430 574 2,123 577 Cash i n v a u l t \ 69 84 1,059 233 107 51 54 46 38 125 16 186 50 Balances w i t h domestic banks 102 2,561 100 160 171 261 276 191 151 478 267 331 73 Other a s s e t s - n e t 100 2,230 961 103 141 99 26 74 47 75 161 52 391 L I A B I L I T I E S H.4.2(a) 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 Interbank demand d e p o s i t s : Domestic banks Foreign banke 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 17,741 2,326 4,487 501 101 892 55,777 22,046 2,472 2,917 621 109 4,051 1,780 176 11,307 1,566 358 32 3,048 1,255 475 20 582 11 487 1,200 2,696 8,887 16 79 117 447 199 551 1,349 3,095 5 94 79 4o4 40 124 87 661 2,519 2,364 678 741 117 74 7,163 533 10 766 11 1,813 46 23 23 55 340 19 1 56 315 96 159 157 l/ Exclusive or loans to banks and after deduction of valuation reserves; individual loan item* t 860 295 47 2,315 570 92 2,64o 858 91 9,227 7,745 317 736 5 412 4 965 4 984 19 635 149 17 29 45 278 8 5 31 144 46 10 39 340 16 7 85 427 2 118 596 1,368 1,654 569 80 376 3,201 1,068 ahnun grnaa
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