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H.Iu2 BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM (For Immediate Release) September 26, 1951 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 19: Increases of $611 million in holdings of United States Government securities* $598 million in reserve balances with Federal Reserve Banks, and $1,286 million in United States Government deposits. Commercial, industrial, and agricultural loans increased $96 million at all reporting member banks; the principal changes were increases of ^62 million in New York City and $11 million each in the Chicago and St. Louis districts, and a decrease of $12 million in the Cleveland District. "Other loans" decreased $33 million. Holdings of Treasury bills increased $300 million in New York City, $79 million in the Chicago District, million in the San Francisco District, and a total of $59ii million at all reporting banks. Holdings of Treasury certificates of indebtr* edness increased $352 million and holdings of United States Government bonds decreased $3Q3 million, partly reflecting the exchange of bonds called for redemption for a new certificate issue. Holdings of "other securities" increased $106 million. Demand deposits adjusted decreased $162 million in the Chicago District and $U8 million in the Atlanta District, and they increased $153 million in the New York District and $68 million in the San Francisco District^ the net decrease at all reporting member tanks was $63 million. Time deposits increased $32 million. United States Government deposits increased substantially in most districts* Borrowings increased $103 million in New York City, $32 million in the San Francisco District, and a total of $l5ii million at all reporting member banks. A summary of assets and liabilities of reporting member banks follows: increase or decrease since Sept. 12, Sept. 20, 1950 1951 (In millLions of dollars) Sept. 19, 1951 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: U, S. Government obligations Other securities Other loans for purchasing or carrying: U. S- Government obligations Other 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 71,60b 33;5uLt 3b,007 19,938 +879 +162 +163 + 96 +2,082 +5,27k +5,3b6 +b,U21 352 973 - 5 + 26 + — — - 130 570 5,595 526 5,923 31,333 2.962 2,538 6,637 19,196 6,727 + 2 + 7 + 70 - 33 +611 + 10 69 51 ho +35 2 - 32 -303 +106 + 580 + U2 + 373 -3,536 - 129 +1,180 -1,350 -3,237 + 3B Reserves with Federal Reserve Banks Cash in vault Balances with domestic banks 11,633 881 2,U78 +598 - 35 + 7 +2y?3U + 56 + 200 L I A B I L I T I E S Demand deposits adjusted Time deposits except Govt. U, S. Government deposits Interbank demand deposits: Domestic banks Foreign banks Borrowings - 63 51,357 + 32 15,900 2,979 +1,286 - 52 10,259 - 2h 1,198 +15U 785 +2,327 + 502 + 61/4+ 9U0 82 + 375 Debits to demand deposit accounts, except interbank and U. S. Government accounts, during week 30,263 H.4.2 (a) ASSETS AMD LIABILITIES OF WEEKLY REPORTING MEMBER BANKS IN LEADING CITIES, SEPTEMBER 19, 1951 Total All Districts A S S E T S Loans and investments - total Loans - net# Commercial, industrial, and agr'l loans Loans to brokers and dealers for purchasing or carrying: U.S. Government obligations Other securities Other loans for purchasing or carrying: U.S. Government obligations Other 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 Govt. U. S. Government deposits Interbank demand deposits: Domestic banks Foreign banks Borrowings Other liabilities CAPITAL ACCOUNTS 71,604 33,544 19,938 R e s e r v e D F e d e r a 1 RichCleveNew PhilaAtlanta Chicago Boston land mond delphia York (In millions of dollars) 2,625 10,078 2,914 3,162 22,841 5,H9 2,859 1,062 2,065 1,154 3,807 1,363 11,565 1,524 6l4 560 1,203 803 980 2,553 7,653 352 973 6 9 305 770 1 33 7 26 1 6 130 570 5,595 526 5,923 31,333 2,962 2,538 6,637 19,196 6,727 14,633 881 2,478 1,336 8 22 203 35 288 1,387 138 138 190 921 251 594 58 93 84 36 244 845 306 1,570 9,ooi 828 524 1,626 6,023 2,275 5,765 188 135 540 4 7 142 5 392 1,161 91 46 215 809 335 540 48 124 52 11 60 397 42 350 2,567 287 270 511 1,499 487 931 89 146 76 12 4l 233 7 309 1,580 243 98 319 920 180 564 78 198 52 51,357 15,900 2,979 10,259 1,198 785 1,714 6,740 2,660 17,711 2,633 477 106 1,030 307 3,039 26 995 501 985 71 344 2,572 2,205 434 112 423 12 60 38 3,623 1,414 226 530 8 15 49 496 2,303 607 112 487 6 6 33 252 •» «. 339 2,345 1,237 2,903 608 1,223 1,188 811 639 333 11 27 74 3 7 10 25 88 12 320 16 60 478 49 608 1,335 121 182 385 647 228 482 47 207 57 5,326 360 516 1,159 3,291 945 2,130 108 331 86 8 13 242 4 286 966 112 136 208 530 171 428 35 122 27 1,953 529 93 573 10 5 36 219 6,815 1,516 2,671 473 98 588 614 1,676 2 39 18 55 30 93 206 796 — Debits to demand deposit accounts, except 1,011 1,804 1,072 interbank and U. S. Govt, accounts 1,177 30,263 1,137 12,233 # for Individual loan items are reported gross, i.e.., before deduction of valuation reserves. Digitized FRASER i s t r i c t San St. Minne- Kansas Dallas Francisco City Louis apolis 4,299 832 2 9 112 3 154 495 36 25 134 300 134 215 14 80 16 12,798 6,543 2,801 8 2 20 11 5 14 49 165 123 3 3 228 276 1,409 1,110 200 345 121 157 344 217 563 572 171 271 561 572 41 36 426 342 69 43 7 26 2,567 57 1,142 4,976 201 325 1,329 3,121 1,279 1,851 139 277 234 — - 3 2,723 1,442 988 6 - - 789 2,083 427 234 136 67 324 956 2 3 16 25 20 29 238 109 2,255 432 83 750 8 7 32 253 7,444 5,569 328 58O 87 77 298 916 1,186 1,060 3,900 552