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BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM H«I*.2 (For Immediate Release) September 28, 19U9 CONDITION OF WEEKLY REPORTING MEMBER BANKS IN LEADING CITIES The condition statement of weekly reporting member banks in leading c i t i e s shows the following p r i n c i p a l changes f o r the week ended September 21: An increase of $280,000,000 i n holdings of United S t a t e s Government s e c u r i t i e s , decreases of #69,000,000 in reserve balances with Federal Reserve Banks, $!*9L,000,000 in demand deposits a d j u s t e d , and $1*06,000,000 in demand deposits c r e d i t e d t o domestic banks, and an increase of $316,000,000 i n United S t a t e s Government d e p o s i t 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 loans increased in most of the d i s t r i c t s and a t o t a l of $118,000,000 a t a l l reporting fiember banks; the p r i n c i p a l increases were $69,000,000 in New York City, $13,000,000 in the San Francisco D i s t r i c t , and $11,000,000 in the Dallas D i s t r i c t . Holdings of Treasury c e r t i f i c a t e s of indebtedness increased in nearly a l l d i s t r i c t s , a t o t a l of $59!*,000,000 a t a l l reporting member b a n k s j and holdings of United S t a t e s Government bonds decreased i n a l l d i s t r i c t s , a t o t a l of $1*79,000,000, p a r t i a l l y r e f l e c t i n g the exchange of bonds c a l l e d f o r redemption f o r a new c e r t i f i c a t e i s s u e . Holdings of Treasury b i l l s increased $239,000,000 in New York City and $32,000,000 in the Philadelphia D i s t r i c t , and decreased $36,000,000 i n the Richmond D i s t r i c t and $33*000,000 in the S t . Louis D i s t r i c t ; the net increase a t a l l reporting member banks was $171*000,000* Demand deposits a d j u s t e d decreased i n most d i s t r i c t s ; the p r i n c i p a l decreases were $179,000,000 i n New York City, $1*8,000,000 i n the S t . Louis D i s t r i c t , $1*1*,000,000 in the Cleveland D i s t r i c t , and $1*3,000,000 each i n the Richmond and Atlanta D i s t r i c t s . United S t a t e s Government deposits increased in a l l d i s t r i c t s , and demand deposits c r e d i t e d t o domestic banks decreased i n a l l d i s t r i c t s . A summary of the 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 follows: 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 37,87k 3,1*00 7,227 1,123 26,12k 5,062 Reserve with Federal Reserve Banks Cash in v a u l t Balances with domestic banks L I A B I L I T I E S Demand deposits a d j u s t e d Time deposits except Govt. U. S. Government deposits Interbank demand d e p o s i t s : Domestic banks Foreign banks Borrowings 11,627 776 2,155 1*6,1*36 15,278 2,629 9,065 1,289 11*0 Debits t o demand deposit accounts, except interbank accounts, during week 23,397 and U. S. Govt, OO 196 1*1*1* It, 211 187 U,133 CM CM 716 660 CO ASSETS Loans and investments - t o t a l Loans - net Loans - gross Commercial, i n d u s t r i a l , and a g r i c u l t u r a l loans Loans t p brokers and dealers f o r purchasing or c a r r y i n g : U. S. Government obligations Other s e c u r i t i e s Other loans f o r purchasing or car lying: 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 loans Loans t o banks Other loans 4^ Increase or decrease since Sept. ll*, 19h9 (In millions of d o l l a r s ) + 169 66,1*63 +3,W*3 - 135 -1,116 23,527 - 131 23,836 -1,051 + 118 13,289 -1,912 Sept. 21, 19U9 - + - + - - 11*1 lit 19 kk 9 61 7 + 280 + 171 + 591* + 191 + 281* + + 33 1*2 25U 59 266 6 1*7 9 + 2k +3,953 +1,1*20 +3,190 -1,1*69 + 812 + 606 - kl 192 -1,860 37 - 101* - k9k - - „ 169 - + 6 + 318 - - 1*06 1*6 1*8 - 1*02 + 362 +1,130 + 169 - 127 29 HU.2U) A65ET8 Aim LIABILITIES OF WEEKLY REPORTING MEMBER BAMS IN LEADING CITIES, SEPTEMBER 21, 1949 Total F e d e r e1 1 R es s e r xr e D jL s t r j c t all New P h i l a CleveRichMinneAtlanta Chicago S t . d i s t r i c t s Boston York delphia land mond Louis a p o l i s ASSETS (In millions of d o l l a r s ) Loans and investments - t o t a l 66,463 2,996 21,761 2,725 2,367 9,378 4,645 2,645 2,174 1,269 Loans -» net# 23,527 982 7,958 897 1,417 838 886 785 2,488 429 Commercial, i n d u s t r i a l , and a g r ' l loans 13,289 604 5,043 473 804 381 463 1,602 471 224 Loans t o brokers and d e a l e r s f o r purchasing or carrying: U. S . Government obligations 716 7 658 1 14 31 1 660 8 Other.securities 21 17 6 535 7 2 35 5 Other loans f o r purchasing or c a r r y i n g : U. S . Government obligations 196 11 63 2 11 32 21 13 10 6 C$her s e c u r i t i e s 17 8 196 444 19 22 33 11 54 5 Real e s t a t e loans 4,211 141 427 284 99 204 70 66 179 347 Loans t o banks 187 1 2 147 13 2 12 5 4 Other loans 1,001 213 291 4,133 250 216 224 419 215 132 tL Ttovenmient s e c u r i t i e s - t o t a l . 1,826 37,874 12,247 1,503 2,859 1,658 1,373 6,163 1,125 736 -Treasury i i l l s 116 3,400 187 191 1,134 81 125 764 79 53 Treasury c e r t i f i c a t e s of indebtedness 7,227 2,230 169 403 371 252 385 1,116 249 155 Treasury notes 1,123 265 30 43 94 42 37 231 22 45 U. S. beads 26,124 8,618 1,113 2,207 1,239 1,264 870 4,052 778 480 Other s e e a r i i i e s 188 5,062 1,556 325 369 209 149 727 163 104 11,627 Reserve with Federal Reserve Banks 468 4,545 707 435 368 1,672 435 196 354 776 162 52 81 Cash i n v a u l t 42 69 100 41 30 13 100 2,155 109 Balaaees * i t h domestic banks 129 171 94 154 111 333 97 1,103 62 73 420 Other_assets - net 81 54 48 50 25 15 L I A B I L I T I E S Demand d e p o s i t s adjusted 2,416 16,391 2,050 46,436 3,081 2,002 1,704 6,148 1,373 825 Time d e p o s i t s except Govt, 15,278 479 2,438 1,370 596 443 543 2,575 251 484 tie S» Government deposits 2,629 106 1,082 123 87 60 194 484 48 53 Interbank demand d e p o s i t s : Domestic banks 9,065 283 2,803 378 452 401 455 1,511 570 341 Foreign banks 1,289 1,098 29 6 12 11 5 41 2 3 Borrowings 1 140 6 46 14 13 13 6 4 9 Other l i a b i l i t i e s 1,105 657 31 20 44 36 27 70 16 22 CAPITAL .ACCOUNTS 6,182 2,482 325 313 227 471 193 722 101 180 Debits t o demand deposit accounts, except 862 10,039 23,397 interbank and U. S. Govt, accounts 841 1,243 838 687 754 3,125 482 ^Individual loan items are reported gross, i , e . , before deduction of valuation reserves e I"*" Kansas Dallas San City Francisco 2,536 2,397 872 1,038 552 704 11,570 4,937 1,968 7 4 13 4 12 5 11 39 132 89 1 172 197 1,434 1,235 192 112 360 345 67 46 815 732 230 124 10 29 2,173 803 5,715 366 1,192 201 3,956 918 440 30 296 26 444 36 296 52 1,563 120 265 197 1,848 386 62 804 1 13 13 201 1,926 452 49 568 8 17 205 6,672 5,261 281 499 73 15 152 762 922 797 2,807 ——
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