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H.U.2 BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM (For Immediate Release) September 23, 1953 CONDITION OF WEEKLY REPORTING MEMBER BANKS IN LEADING CITIES The condition statement of weekly reporting member banks in leading cities shows the following principal changes for the week ended September 16: Increases of $338 million in commercial, industrial, and agricultural loans, $454 million in reserve balances with Federal Reserve Banks, $243 million in balances with domestic banks, $493 million in demand deposits adjusted, and $569 million in demand deposits credited to domestic banks. The increase in commercial, industrial, and agricultural loans was the largest weekly increase since 1950; the principal increases were $175 million in New York City, $51 million in the Chicago District, $43 million in the San Francisco District, and $19 million in the St. Louis District. Changes according to industry appear in another press release. Loans to brokers and dealers for purchasing or carrying securities decreased $215 million. Loans to banks increased $32 million. Holdings of United States Government bonds decreased $2,072 million and holdings of Treasury certificates of indebtedness and of Treasury notes increased $916 million and $1,117 million, respectively, reflecting the exchange of maturing bonds for new issues of certificates and notes. Holdings of Treasury bills increased $131 million,of which $78 million was in the New York District. Holdings of "other securities" increased $90 million. Demand deposits adjusted increased $281 million in the New York District, $94 million in the San Francisco District, $66 million in the Cleveland District, and $45 million in the Kansas City District, but they decreased $84 million in Chicago. United States Government deposits increased $69 million. Borrowings decreased $72 million in Chicago, $69 million in the San Francisco District, and a total of $138 million at all reporting member banks* A summary of assets and liabilities of reporting member banks follows: Sept. 165 1953 Increase or decrease since Sept. 9, Sept. 17, 1952 1953 ( I n millions of dollars) A S S E T S Loans and investments - total Loans - net Loans - gross Commercial, industrial, and agricultural 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 79,482 40,261 40,882 23,295 + + + + 344 162 161 338 +2,522 +3,354 +3,407 +1,603 1,802 737 6,383 677 7,988 - + + + 215 6 11 32 11 + 338 45 + 430 - 192 +1,273 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 31,604 2,237 5,607 6,396 17,364 7,617 14,383 950 2,756 + 92 + 131 + 916 +1 ,117 -2,072 + 90 + 454 4 + 243 - 756 - 593 +2,481 + 381 -3,025 76 -1,227 + 24 + 1 53,527 18,706 4,072 11,059 1,270 781 + + + + + - 405 +1,376 + 210 - 155 22 - Ill - 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 - 493 15 69 569 16 138 ASSETS AID LIABILITIES OF WEEKLY REPORTING MEMBER BANKS IN LEADING CITIES. Sepfcemfee* 16. Dis t r i F e d e r a ] R e s e r v e Total Phila- Icieve- Rich- Atlanta Chicago St. New All Boston Louis mond York delphia | land Districts Zt>•v «w4 T 1 VI 1 \ A S S E T S 1953 c t San Minne- Kansas Dallas Francisco City apolis 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 79,482 40,261 23,295 3,547 1,872 1,122 24,668 13,915 9,128 3,068 1,698 961 5,688 2,549 1,505 3,226 1,404 633 2,946 1,235 696 11,167 4,504 2,925 2,576 1,356 701 1,400 706 352 3,168 1,305 789 3,222 1,787 1,163 14,806 7,930 3,320 1,802 16 1,447 35 43 16 15 156 11 3 10 9 41 737 6,383 677 7,988 24 309 15 421 249 852 425 2,036 19 161 12 542 72 482 8 489 64 264 415 28 39 89 15 403 116 539 42 808 18 254 36 353 11 136 15 198 22 189 14 293 70 135 14 415 33 2,973 53 1,615 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 31,604 2,237 5,607 6,396 17,364 7,617 14,383 950 2,756 1,515 1,344 127 194 139 884 331 8,346 636 1,329 1,257 5,124 2,407 1,025 '47 157 124 697 345 2,611 156 555 673 1,227 528 1,594 164 273 333 824 228 1,444 143 293 374 634 267 1,016 77 261 242 436 204 542 18 81 143 300 152 1,534 269 307 369 589 329 1,245 156 251 201 637 190 589 68 106 93 5,187 212 165 577 534 48 125 60 949 97 177 87 550 78 193 58 497 45 253 59 5,584 288 947 1,425 2,924 1,079 2,202 117 342 99 440 35 143 32 237 14 87 17 589 40 357 43 534 46 516 89 5,319 156 959 1,116 3,088 1,557 2,075 150 292 301 53,527 18,706 4,072 2,803 576 168 17,548 3,431 1,472 2,295 464 177 3,805 1,613 284 2,386 2,144 574 117 7,162 3,013 720 1,613 502 120 868 263 95 2,248 511 139 2,484 574 112 8,171 6,544 483 11,059 1,270 781 2,200 7,471 331 31 5 88 401 3,126 1,027 300 1,130 2,775 465 17 10 53 354 604 7 55 66 564 521 9 23 45 246 1,885 51 93 125 878 688 2 34 38 229 360 3 20 27 119 960 2 35 32 270 848 11 16 44 318 629 100 150 508 1,039 L I A B I L I T I S S Demand deposits adjusted Time deposits except Government U. S. Government deposits Interbank demand deposits $ Domestic banks Foreign banks Borrowings Other liabilities CAPITAL ACCOUNTS 641 185 10 40 44 278 7T Individual loan items are reported gross, i.e., before deduction of valuation reserves,
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