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BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM (For Immediate Release) September 24, 1958 H.4.2 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 17: An increase of $292 million in loans adjusted,and decreases of $751 million in holdings of U. S, Government securities, $185 million in U. S, Government deposits, and $196 million in time deposits. Commercial and industrial loans increased in most districts and a total of $392 million at all reporting member banks; the principal increases were $202 million in New York City, $54 million in Chicago, $35 million in the Boston District, and $25 million in the Cleveland District. This week's increase includes loans for quarterly tax date needs. Changes according to industry appear in another press release. Loans to brokers and dealers for purchasing or carrying U. S. Government and other securities decreased $149 million. Real estate loans increased $39 million. Holdings of all categories in U, S. Government securities decreased: Treasury bills by $24 million, Treasury certificates of indebtedness $79 million, Treasury notes $28 million, and U, S, Government bonds by $620 million. Holdings of "other" securities decreased $126 million. Demand deposits adjusted increased $245 million in the New York District, $6l million in the Kansas City District, and $56 million in the Boston District, but they decreased $127 million in the Chicago District and $94 million in the San Francisco District; there was a net increase of $81 million at all reporting member banks. Time deposits decreased $110 million in the New York District and $44 million in the San Francisco District, Borrowings from Federal Reserve Banks decreased $244 million and borrowings from others increased $135 million. Loans to banks increased $147 million. A summary of assets and liabilities of re]oorting member banks follows: AS SSI § Loans and investments adjusted j/ Loans adjusted %/ Commercial and industrial loans Agricultural loans Loans to brokers and dealers for purchasing or carrying securities Other loans for purchasing or carrying securities Real estate loans Other loans U, S, Government securities - total Treasury bills Treasury certificates of indebtedness Treasury notes U, S. bonds Other securities Loans to banks Reserves with Federal Reserve Banks Cash in vault Balances with domestic banks Increase or September decrease since 17, . Sept. 10, Sept. 18, 1958 1958 1957 (In millions of dollars) 94,118 52,719 29,915 552 1,691 - + + - 1,249 + 9,139 11,357 31,913 1,586 4,256 6,772 19,299 9,486 1,766 12,781 99 8 2,672 + + 585 292 392 9 149 2 39 17 751 • - 24 — 79 28 620 126 + — + 147 1 38 167 + 7,066 - 1,878 - 2,248 + 112 — 100 + 120 + + + + + + + + — 421 56 7,166 128 2,678 3,135 1,225 1,778 588 650 8 + 149 L I A B I L I T I E S Demand deposits adjusted Time deposits except U, S. Government U, S. Government deposits Interbank demand deposits: Domestic banks Foreign banks Borrowings: From Federal Reserve Banks From others + 56,800 28,367 2,134 + 11,872 1,498 161 + 1,202 1/ Exclusive of loans to banks and afterdeduction of valuation loan items are shown gross. 81 + 1,706 . + 4,604 196 185 92 + 899 169 160 5 790 244 135 • 452 reserves; individual H.Ik.2(a) ASSETS AMD LIABILITIES OF WEEKLY REPORTING MEMBER BANKS IN LEADING CITIES, SEPTEMBER 17, 1958 F e d e r a 1 R e s e r v e Di s t r let Total New St. MinnePhila- Cleve- Rich- Atlanta Chicago All Boston Districts delphia York land mond Louis apolis A S S E T S (In millions of dollars) 94,118 4,085 28,165 6,612 3,770 Loans and investments adjusted 1/ 3,532 3,683 12,303 2,879 1,656 2,220 Loans adjusted if 2,471 16,639 52,719 3,490 1,976 6,044 1,580 l,94l 969 Commercial and industrial loans 1,476 11,457 1,205 1,746 29,915 922 1,037 76l 3,737 517 8 Agricultural loans 1 2 552 13 11 7 9 17 17 Loans to brokers and dealers for purchasing or carrying securities 1,118 1,691 27 109 40 35 27 152 37 7 Other loans for purchasing or carrying securities 46 1,249 13 134 222 393 43 52 11 37 Real estate loans 1,208 382 224 819 386 862 9,139 194 270 190 Other loans 2,884 631 618 11,357 746 482 1,232 242 777 657 U. S. Government securities - total 1,218 8,524 2,464 1,468 31,913 967 1,396 5,034 1,051 522 Treasury bills 1,586 l4o 63 21 594 223 26 59 73 37 Treasury certificates of indebtedness l6l 4,256 1,258 170 321 134 6ll 106 247 51 Treasury notes 316 6,772 782 1,785 219 1,044 285 253 256 107 U. S. bonds 4,887 678 1,221 1,022 19,299 557 3,156 652 791 338 Other securities 9,486 3,002 396 658 326 345 346 248 1,225 165 Loans to banks 1,766 14 1,122 10 12 32 113 31 39 Reserves with Federal Reserve Banks 481 12,781 488 560 4,234 838 1,801 404 512 205 Cash in vault 62 220 84 101 998 110 52 54 15 35 Balances with domestic banks 2,672 164 167 168 92 316 95 271 175 77 Other assets - net 2,838 108 86 130 1,295 98 42 92 199 39 L I A B I L I T I E S 3,734 4,429 1,960 2,643 1,003 1,571 142 41 19,270 10,786 4,483 284 45 21 73 40 300 459 l,4c6 153 182 232 642 76 4,072 1,987 6,400 127 368 1,463 70 200 269 924 323 1,113 4,328 2,084 15 535 43 361 68 19 576 49 543 178 359 2,147 173 243 503 869 378 49 2,417 744 100 2,664 1,301 77 9,426 9,786 343 561 mm w 56,800 28,367 Kansas San Dallas City Francisco 165 343 745 832 3,007 681 109 18,275 6,580 581 2,359 731 87 4,067 2,029 2,559 911 124 2,290 940 83 7,206 3,627 327 :l,66l 11,872 1,498 382 495 22 571 10 560 860 8 12 1,947 53 766 31 3,149 1,158 4 443 3 1,010 2 1,128 16 161 21 82 150 1 359 1,558 4 69 74 6 8 36 72 17 15 75 66 133 215 11 11 52 4 36 38 15 32 43 4 30 83 633 483 424 10,034 3,542 1,223 A C C O U N T S 367 310 C A P I T A L 374 753 l/ Exclusive of loans to banks and after deduction of valuation reserves; Individual loan items are shown gross. 172 393 491 1,502 Demand deposits adjusted Time deposits except U. S. Government U. S. Government deposits Interbank demand deposits: Domestic banks Foreign banks Borrowings: From Federal Reserve Banks From others Other liabilities 2,134 1,202 3,105 169 138 112 659 85 179 4 261
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