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BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM H.4.2 (For Immediate R e l e a s e ) September 21, 1949 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 1 4 : I n c r e a s e s of $319,000,000 i n l o a n s , #216,000,000 i n h o l d i n g s of U n i t e d S t a t e s Government s e c u r i t i e s , $520,000,000 i n demand d e p o s i t s a d j u s t e d , $237,000,000 i n U n i t e d S t a t e s Government d e p o s i t s , and $203,000,000 i n demand d e p o s i t s c r e d i t e d t o domestic b a n k 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 a l l d i s t r i c t s and a t o t a l of $161).,000,000 a t a l l r e p o r t i n g member b a n k s ; t h e p r i n c i p a l i n c r e a s e s were # 8 , 0 0 0 , 0 0 0 i n New York C i t y , #27,000,000 i n t h e San F r a n c i s c o D i s t r i c t , $17,000,000 i n t h e Boston D i s t r i c t , and $14,000,000 each i n Chicago and i n t h e A t l a n t a D i s t r i c t . Real e s t a t e l o a n s i n c r e a s e d $ 1 6 , 0 0 0 , 0 0 0 . 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 i n c r e a s e d $63,000,000 i n New York C i t y , $ 3 1 , 0 0 0 , 0 0 0 i n t h e San F r a n c i s c o D i s t r i c t , and a t o t a l of $157,000,000 a t a l l r e p o r t i n g member b a n k s . Holdings of U n i t e d S t a t e s Government bonds i n c r e a s e d $ 2 9 , 0 0 0 , 0 0 0 i n t h e Chicago D i s t r i c t , and $18,000,000 i n t h e Clevel a n d D i s t r i c t , and d e c r e a s e d $22,000,000 i n New York C i t y ; 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 $ 5 1 , 0 0 0 , 0 0 0 . Holdings of " o t h e r s e c u r i t i e s " i n c r e a s e d $53,000,000 i n New York C i t y and a t o t a l of $70,000,000 a t a l l r e p o r t i n g member banks. 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 $321,000,000 i n New York C i t y , $35,000,000 i n t h e Boston D i s t r i c t , $31,000,000 i n t h e D a l l a s D i s t r i c t , and by s m a l l e r amounts i n n e a r l y a l l of t h e o t h e r d i s t r i c t s . U n i t e d S t a t e s Government d e p o s i t s i n c r e a s e d i n a l l d i s t r i c t s , and demand d e p o s i t s c r e d i t e d t o d o m e s t i c banks i n c r e a s e d i n nearly 1 all districts. Borrowings i n c r e a s e d $91,000,000 i n New York C i t y , $36,000,000 i n Chicago, and a t o t a l of $113,000,000 a t a l l r e p o r t i n g member b a n k s . 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 : Sept. 1h, 1949 A S S E T S Loans and i n v e s t m e n t s - t o t a l Loans - n e t Loans - g r o s 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 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 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 : 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 l o a n s Loans t o banks Other l o a n s U. S . Government s e c u r i t i e s - t o t a l Treasury b i l l s 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 Treasury notes U. S . bonds Other s e c u r i t i e s Reserve w i t h F e d e r a l Reserve Banks Cash i n v a u l t B a l a n c e s w i t h d o m e s t i c 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 e x c e p t Govt. 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 F o r e i g n banks Borrowings D e b i t s t o demand d e p o s i t a c c o u n t s , except i n t e r b a n k Digitized forand FRASER U. S. Govt, a c c o u n t s , d u r i n g week I n c r e a s e or decrease since S e p t . 15, S e p t . 7, 1948 1949 ( I n m:L l l i o n s of d o l l a r s ) +2,576 + 605 66,294 - 837 + 319 23,662 + 318 - 777 23,967 -2,012 + 164 13,171 2 25 + + 452 258 215 1*88 it, 202 248 4,140 3 + 46 + 16 + 101 + 21 + + + 19 4 251 7 290 37,59k 3,229 6,633 1,129 26,603 5,038 + 216 + 12 + 157 4 + 51 + 70 4-2,850 + 741 +2,459 -1,541 +1,191 + 563 12,096 817 2,347 + 273 + 46 + 117 -1,613 + 14 - 193 16,930 15,272 2,311 9,171 1,335 188 + + + + + + + 857 646 20, 445 - 520 8 237 203 30 113 5l6 377 992 334 85 101 11.4.2(a) ASSETS AIID LIABILITIES OF WEEKLY REPORTING MEMBER BANKS III LEADING CITIES, SEPTEMBER 14, 1949 D j. s t r i c t F e d e r 2t 1 R e s e r \r e Total New P h i l a CleveR i c h St. Minne- Kansas San All Boston A t l a n t a Chicago York d e l p h i a land mond Louis a p o l i s City Dallas Francisco districts A S S E T S (In m i l l i o n s of do]. l a r s ) Loans and i n v e s t m e n t s - t o t a l 66,294 2,993 21,630 2,672 4 , 6 3 1 2,676 2,197 1,300 2 , 5 1 8 2,400 11,535 2,393 9,349 8,128 23,662 Loans - n e t # 831 781 876 979 895 1,422 865 1,024 2,515 431 4,915 Commercial, i n d u s t r i a l , and a g r ' l l o a n s 806 13,171 598 477 4,975 375 1,598 227 463 459 693 545 1,955 Loans t o b r o k e r s and d e a l e r s f o r purchasing or carrying: mmmm —— mmmm — — LL. S_. Government o b l i g a t i o n s 857 13 790 1 14 1 35 3 6 6 16 Other s e c u r i t i e s 646 21 521 2 9 5 7 34 15 4 Other l o a n s f o r p u r c h a s i n g or c a r r y i n g : U. S . Government o b l i g a t i o n s 11 81 215 11 2 6 22 10 32 13 12 10 5 8 Other s e c u r i t i e s 488 17 20 242 22 32 11 11 54 29 37 5 Real e s t a t e loans 100 4,202 141 70 178 427 284 203 66 132 89 347 2,165 mmmm mmmm 3 Loans t o banks 248 1 190 2 2 2 38 1 4 Other l o a n s 211 1,013 289 4,140 223 215 215 172 801 255 131 196 419 U. S . Government s e c u r i t i e s - t o t a l Treasury b i l l s 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 Treasury notes U. S . bonds Other s e c u r i t i e s 37,594 3,229 6,633 1,129 26,603 5,038 1,826 122 350 43 1,311 188 11,922 879 2,055 268 8,720 1,580 1,459 159 129 31 1,140 318 2,846 182 330 95 2,239 363 1,699 161 235 43 1,260 146 1,404 107 367 39 891 208 6,115 752 984 231 4,148 719 1,162 86 250 45 781 159 767 106 146 21 494 102 1,425 189 340 66 830 228 1,253 126 330 46 751 123 5,716 360 1,117 201 4,038 904 Reserve 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 Other a s s e t s - n e t 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 Govt. 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 F o r e i g n banks Borrowings Other l i a b i l i t i e s CAPITAL ACCOUNTS 12,096 817 2,347 1,233 463 53 102 81 4,834 176 127 472 442 43 101 58 734 83 149 73 433 69 183 52 385 43 189 54 1,749 106 338 103 361 31 125 27 208 13 100 18 468 32 318 28 451 37 337 54 1,568 131 278 213 46,930 15,272 2,311 9,471 1,335 188 1,106 6,174 2,413 480 95 296 30 6 47 325 16,605 2,435 964 2,852 1,132 114 657 2,480 2,021 444 92 391 11 14 30 313 3,125 1,369 175 483 6 4 38 470 2,045 596 79 441 4 1,747 543 57 484 10 4 26 193 6,188 2,575 401 1,603 47 40 69 722 1,421 485 47 584 3 1 20 180 845 251 41 379 3 3 16 101 1,878 385 59 827 1 1 13 200 1,963 453 43 592 8 16 204 6,679 5,256 258 539 80 1 152 760 672 2,811 567 440 757 654 2,423 — 22 226 D e b i t s t o demand d e p o s i t a c c o u n t s , except i n t e r b a n k and U. S . Govt, a c c o u n t s 776 8,764 717 1,115 20,445 749 ^ I n d i v i d u a l l o a n i t e m s 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 r e s e r v e s * • e *