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BOARD OF GOVEENORS OF THE FEDERAL RES SE7E SYSTEM (For Immediate Release) September 5, 1956 CONDITION OF WEEK LI REPORTING MEMBER BANKS IN LEADING CITIES The condition statement of weekly r e p o r t i n g 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 August 29: Decreases of $275 m i l l i o n in holdings of United S t a t e s Government s e c u r i t i e s , #335 million in reserve balances with Federal Reserve Banks, $393 m i l l i o n in United S t a t e s Government d e p o s i t s , and $363 m i l l i o n in borrowings from Federal Reserve Banks, and an i n c r e a s e of $388 m i l l i o n in demand deposits a d j u s t e d . Commercial and i n d u s t r i a l loans increased $10 m i l l i o n a t a l l r e p o r t i n g member banks; t h e p r i n c i p a l changes were an i n c r e a s e of $60 m i l l i o n i n New York City and decreases of $36 m i l l i o n in t h e San Francisco D i s t r i c t and $17 m i l l i o n in the Dallas D i s t r i c t , Changes according to industry appear in another press r e l e a s e . Loans to brokers and d e a l e r s f o r purchasing or carrying United S t a t e s Government and other s e c u r i t i e s decreased $119 m i l l i o n , "Other" loans increased $25 m i l l i o n . All c a t e g o r i e s of holdings of United S t a t e s Government s e c u r i t i e s decreased, with Treasury b i l l s decreasing $60 m i l l i o n , Treasury c e r t i f i c a t e s of indebtedness $78 m i l l i o n , Treasury notes $62 m i l l i o n , and United S t a t e s Government bonds $75 m i l l i o n . Holdings of "other" s e c u r i t i e s increased $7l* m i l l i o n . Demand d e p o s i t s a d j u s t e d increased $162 million i n t h e Chicago D i s t r i c t , $11*0 m i l l i o n i n New York C i t y , $81* m i l l i o n in the Cleveland D i s t r i c t , and by smaller amounts i n s i x o t h e r d i s t r i c t s . Borrowings from o t h e r than Federal Reserve Banks decreased $ll*3 m i l l i o n . Loans to banks decreased $79 m i l l i o n . A summary of 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: e or decrease since Aug. 22, Aug, 31* 1955 (In m i l l i o n s of d o l l a r s ) ASSETS 85,566 -291 +1,15L Loans and investments a d j u s t e d l / - 90 +6,1*1*1 Loans a d j u s t e d 1 / 51,137 + 10) 28,731 Commercial an? i n d u s t r i a l loans 2/+5,017 h) A g r i c u l t u r a l loans htk Loans to brokers and dealers f o r purchasing o r carrying s e c u r i t i e s 1,950 -119 - 517 Other loans f o r purchasing or carrying s e c u r i t i e s - 6 1,237 + 53 Real e s t a t e loans + 3 8,71*0 2/+ 620 Other loans 10,886 + 25 27+1,391 H.it.2 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 Loans to banks Reserves 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 U. S. Government U. S. Government deposits Interbank demand d e p o s i t s : Domestic banks Foreign banks Borrowings: From Federal Reserve Banks From o t h e r s 26,58b 566 -275 5,713 19,123 7,815 - 75 + 7h -1,361* - 1*19 + 557 —2,660 -1,81*2 - 923 1,195 13,113 1.007 2,420 - 79 -335 + 54 + 52 + 129 - 195 + 60 + 30 55,395 21,91*3 3.8 35 10,053 1,581 322 859 +388 - 536 + 1* + 366 + 375 -393 - 110 - 9k + 166 - 5 -363 + 212 -11*3 reserves; individual 1,182 - 6o - 78 - 62 loan items a r e shown g r o s s . 2/ October 5, 1955 r e c l a s s i f i c a t i o n increased commercial and i n d u s t r i a l loans #318 m i l l i o n and decreased r e a l e s t a t e loans and "other" loans $29l* and $25 m i l lions, respectively. * Preliminary (San Francisco D i s t r i c t ) . E.4.2(a) ASSETS AMD LIABILITIES OF WEEKLY REPORTING MEMBER BANKS IK LEADING CITIES. AUGUST 29, 1956 F e d e r a l R e s e r v e D i s t r i c t Total San * P h i l a - Cleve- Rich- Atlanta Chicago S t . Minne- Kansas Dallas A l l * Boston New a p o l i s City Louis Francisco mond land York delphia Districts ( I n millions of d o l l a r s ) ASSETS 3 , 8 l 4 25,682 3,255 85,566 Loans and investments a d j u s t e d l / 16,562 2,268 2,459 51,137 Loans a d j u s t e d l / 1,480 11,078 1,194 Commercial and i n d u s t r i a l loans 28,73% 1 12 454 9 A g r i c u l t u r a l loans Loans t o brokers and d e a l e r s f o r 54 27 1,304 purchasing or c a r r y i n g s e c u r i t i e s 1,950 Other loans f o r purchasing or c a r r y i n g 48 482 20 1,237 securities 234 1,208 8,740 373 Real e s t a t e loans 788 600 2,778 10,886 Other loans 720 1,022 6,783 U. S. Government s e c u r i t i e s - t o t a l 26,584 8 172 566 9 Treasury b i l l s 44 396 67 1,182 Treasury c e r t i f i c a t e s of indebtedness 164 130 1,176 5,713 Treasury n o t e s 538 782 5,039 19,123 U. S. bonds 267 2,337 7,845 333 Other s e c u r i t i e s 10 20 711 1,195 Loans t o banks 467 4,479 510 13,113 Reserves with Federal Reserve Banks 223 51 65 1,007 Cash i n v a u l t 81 2,420 89 157 Balances with domestic banks 96 968 2,219 Other a s s e t s - n e t 99 L I A B I L I T I E S 2,870 17,404 2,295 55,395 Demand d e p o s i t s a d j u s t e d 621 4,421 499 21,943 Time d e p o s i t s except U. S. Government 150 165 1,470 3,835 U. S. Government d e p o s i t s Interbank demand d e p o s i t s : 406 320 2,858 10,053 Domestic banks 21 30 1,252 1,584 Foreign banks Borrowings: 20 29 11 322 From F e d e r a l Reserve Banks 83 28 336 859 From o t h e r s 74 106 1,365 2,664 Other l i a b i l i t i e s 403 446 3,094 8,865 CAPITAL ACCOUNTS 1 / Rvfinaivp nf ]nanH tr> bankn and a f t e r reduction of v a l u a t i o n r e s e r v e s ; 3,375 3,823 1,781 2,444 927 1,480 108 30 16,846 10,106 4,o4i 234 23 26 75 14 173 238 25 292 426 145 213 583 875 27 15 248 585 222 13 409 37 127 46 433 9 20 110 294 148 3 200 15 74 26 1,246 71 71 323 781 348 14 524 44 312 51 1,137 35 85 209 808 242 2 596 49 435 162 55 3,911 1,931 5,144 38 142 1,091 3,873 1,596 218 2,195 159 262 383 7,302 3,204 616 1,666 569 115 857 295 79 2,332 567 137 2,671 859 139 9,054 7,708 440 1,667 45 637 4 352 5 857 3 854 20 527 173 6,167 3,352 1,657 1 3,425 l .,826 849 7 3,310 1,765 958 10 11,674 6,057 3,794 9 2,721 1,624 817 17 1,474 893 459 16 126 35 37 210 28 5 l4l 754 734 2,181 40 75 593 1,473 634 34 893 108 196 102 57 335 569 1,332 28 47 290 967 267 26 526 80 156 75 53 165 571 1,235 52 64 372 747 310 27 488 53 235 75 169 800 1,192 4,476 77 156 1,007 3,236 1,141 117 1,826 123 296 136 28 282 476 4,094 1,783 262 2,497 741 154 2,353 676 108 493 438 - 9 644 11 11 14 10 3 24 39 28 26 105 13 221 8 1 16 19 18 1 30 98 82 574 44 31 37 86 157 54 54 427 1,363 144 340 278 660 1,00 313 339 i n d i v i d u a l loan items are shown gross. *Preliminary (San Fran. D i s t j
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