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board of governors of t h e f e d e r a l reserve system
I;
(F'oi* Immediate Re leaSe)
September 29, 19^8
m w m K
M
E
#
&
B#S
IMPING c i t i e s
The condition statement of weekly i fepbrtiag ciember bakltfe i h leading c i t i e s
shows the f o l l o w i n g p r i n c i p a l changes fdr the week ended September $2: Decreases
of $883*000,000 i n holdings of United S t a t e s Government s e c u r i t i e s , $608,000,000
i n demand deposits adjusted, and $909,000,000 in demand deposits credited t o
domestic banks.
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 decreased $5^,000,000 i n New
York C i t y and increased i n a l l of the other d i s t r i c t s ; the p r i n c i p a l i crease was
$21^,000,000 i n the San Francisco D i s t r i c t and the ... increase a t a l l reporting
member banks was $18,000,000. Loans t o brokers and dealers f o r purchasing or
carrying United States Government s e c u r i t i e s increased $99,000,000 i n New York
City and $120,000,000 a t a l l reporting member banks.
Holdings of Treasury b i l l s decreased $325,000,000 in New York City, $61,000,000
i n the Chicago D i s t r i c t , $1*6,000,000 i n the San Francisco D i s t r i c t and $508,000,000
at a l l reporting member banks. Holdings of Treasury c e r t i f i c a t e s of indebtedness
decreased $35,000,000 each i n the Chicago and San Francisco d i s t r i c t s and
$137,000,000 a t a l l reporting member banks. Holdings of Treasury notes decreased
$78,000,000. Holdings of United S t a t e s Government bonds decreased i n a l l but one
d i s t r i c t and the decrease a t a l l reporting member banks was $100,000,000*
Demand d e p o s i t s adjusted decreased i n nearly a l l d i s t r i c t s , the principal
decreases being $287,000,000 i n New York City, $66,000,000 i n the San Francisco
D i s t r i c t , and $1*6,000,000 in the Chicago D i s t r i c t . United S t a t e s Government
deposits increased $180,000,000. Demand deposits credited t o domestic banks decreased i n a l l d i s t r i c t s *
Borrowings increased $79,000,000 in New York C i t y and $82,000,000 a t a l l reporting member banks, and decreased $30,000,000 i n Chicago.
A summary of the a s s e t s and l i a b i l i t i e s of reporting member banks follows $
H<+G
|
Increase or
decrease since
S6pt. 15, Sept. 21*,
19lt8
I9h7
( I n m i l l i o n s of d o l l a r s )
63,020
-698
-l,5U6
Sept.
22,
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 o brokers anddealers
f o r purchasing or carrying:
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 loans f o r purchasing or carrying:
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
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 n o t e s
U. S. bonds
Other s e c u r i t i e s
Reserve with Federal Reserve Banks
Cash i n v a u l t
Balances w i t h domestic banks
LIABILITIES
Demand d e p o s i t s adjusted
Time deposits except Govt.
U, S . Government deposits
Interbank demand d e p o s i t s : Domestic banks
Foreign banks
Borrowings
Debits t o demand d e p o s i t accounts, except interbank
and U. S . Govt, accounts during week
#See
footnote on f o l l o w i n g page.
;
2lt,61t3
21*, 887
15,201
+llt!t
+143
+ 18
+3,071
+3,19b
+2,199
525
376
+120
- 12
+
-
229
I186
+
+
+
- 268
+
9
+ 719
5
6
6
5
17
27
59
3,957
21*6
3,867
33,921
1,980
1^,037
2,592
25,312
- 78
-100
13,187
813
2,259
-222
+ 10
-281
-it, 759
+1,286
- 117
- 113
-5,815
+ 139
+1,251
+
5
59
16,838
lit,916
l,k99
-608
+ 21
+180
- L 65
+ 396
+ lt70
-909
-
h,b%
8,896
1,1*16
169
2l*,ol*8
-823
-508
-137
-19
- L
+ 82
+
-
29
596
751
8
88
Total
All
Boston
districts
F e d. e. r a I
P h i l a - ICleve- Richdelphial land mond
New
York
ASSETS
Loans and investments - total
63,020
2,82k 20,742 2,591 4, 394 2,539
Loans - net#
24,643
1,104
733
8,30l+
5,847
931
15
8
454
270
1
15
24
12
13
17
130
35
3
9
43
15,201
C ommercial,Indus t r i a l & agr' 1 loans
Loans to brokers and dealers for
purchasing or carrying!
U. S, Government obligations
525
Other securities
576
Other loans for purchasing or carryings
U, S, Government obligations
229
Other securities
I486
Real estate loans
3*957
Loans to banks
246
Other loans
3,867
U; S. Government securities-total
33,921
Treasury b i l l s
1,980
Treasury c e r t i f i c a t e s of indebtedness
4, 037
Treasury notes
2,592
U. S. bonds
25,312
Other securities
4,456
Reserve with Federal Reserve Banks
13,487
Cash in vault
813
Balances with domestic banks
2,259
Other assets - net
1,135
L I A B I L I T IBS
Demand deposits adjusted
1*6,838
Time deposits except Govt,
lii,9l6
U. S. Government deposits
1,1(99
Interbank demand deposits{Domestic banks 8*896
Foreign banks l , 4 l 6
Borrowings
169
Other l i a b i l i t i e s
1,038
CAPITAL ACCOUNTS
5,942
Debits to demand deposit accounts,except
interbank and U.S, Govt, accounts
24,048
#See footnote on o r e v i o u s na»e
2
202
1,577
137
213
114
1,113
143
522
61
96
69
208
387
187
1,014
11,011
886
881
623
8,621
1,427
5,329
167
121
477
1,518
921
5U4
88
6
22
268
24
873
408
5
20
23
201
6
217
216
1,534
4o
194
85
108
110
1,067
282
216
155
2,267
816
506
-
-
1,378 2,530
160
93
272
1d i s t r i c t
Minne-1Kansas
St.
Atlanta Chicago
Louis a p o l i s j City
R e s e r v e .
1,999 1,215
132
346
782
515
519
88
69
44
151
174
99
63
51
45
-
6
19
35
65
6
186
1,259
21.
257
120
861
192
437
44
191
48
2,334 16,714 2,079 3*038 2,026 .1,746
534
591
459 1,360
487 2,413
78
66
119
45
438
79
441
401
460
340
279 2,887
6
12
5
1,237
23
8
4
16
1
117
25
15
36
626
29
49
183
217
46o
303
2,4o4
320
892
10,462
870
1,298
831
739
8,633
2,818
1,948
26
30
30
67
334
8
399
5,208
222
,026
952
565
199
930
43
484
525
3,977
607
120
100
667
1,857
103
335
79
407
6,052
2,461
284
,348
474
45
144
30
100
24
|Fr^isc=
1,203 2,376 2,265
880 1,043
439
716
256
579
1
7
16
13
154
4
tollM
2
1
4
6
6
17
12
42
88
60
125
—
1
180
in
155
683 1,289 1,101
103
34
55
268
190
113
118
60
123
759
795
455
121
207
81
7
6
mi
mm
247
13
95
15
506
31
294
26
496
35
293
46
519
2
4
63
685
8
17
174
1,817 1,902
408
380
58
64
36
556
759
343
1
4
3
—
•
7
14
12
14
191
193
97
3,149
660
532
1,429
29
832
250
938
842
11,160
4,965
2,178
3
11
20
32
2,057
2
716
5,421
186
993
459
3,783
774
1,870
128
310
192
6,950
5,099
187
482
85
4
138
715
2,835
@FedFRASER