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BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM 2 (For Immediate Release) September 7, 1949 CONDITION OF WEEKLY REPORTING MEMBER BANKS IN LEADING CITIES The condition statement of weekly r e p o r t i n g member banks i n 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 31* Increases ot i n New York City. Loans t o brokers and d e a l e r s f o r purchasing or carrying S t a t e s Government s e c u r i t i e s i n c r e a s e d $270,000,000 m New York Ci y , $3 j > in Chicago, and a t o t a l of $301,000,000 a t a l l r e p o r t i n g member b a n k s . Loans t o banks decreased $54,000,000 in New York City but increased i n most of the othe d i s t r i c t s j t h e r e was a net increase of $40,000,000 a t a l l reporting mem e • "Other loans" increased $5l>000,000. . , Holdings of Treasury b i l l s i n c r e a s e d $50,000,000 i n the Cleveland D i s t r i c t and a t o t a l of $144,000,000 a t a l l r e p o r t i n g member banks. Holdings of urn.tea S t a t e s Government bonds i n c r e a s e d $27,000,000, and holdings of "other s e c u r i l e s increased $26,000,000. n m Demand d e p o s i t s a d j u s t e d increased $179,000,000 i n New York City, $ 4, , in the Chicago D i s t r i c t , $62,000,000 i n the San Francisco D i s t r i c t , an $55> 5 in the Cleveland D i s t r i c t . United S t a t e s Government d e p o s i t s decreased i n nearly a l l d i s t r i c t s ; the p r i n c i p a l decrease was $118,000.000 i n New York City and e t o t a l decrease a t a l l r e p o r t i n g member banks was $179*000,000* Demand depos s credited t o domestic banks decreased $100,000,000« , Borrowings i n c r e a s e d $470,000,000 in New York City and $50,000,000 i n e Chicago D i s t r i c t ; they decreased $32,000,000 i n the New York D i s t r i c t ou s i e o New York City. Aug. 31, 1949* Increase or decrease since Sept. 1, Aug. 2U, 1948 19h9 ASSETS Loans and investments - t o t a l Loans - n e t 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 and d e a l e r s f o r purchasing o r c a r r y i n g : 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 c a r r y i n g : 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 ( I n m i l l i o n s of d o l l a r s ) + 64 9 +2,539 65 , 770 - 607 + 430 23,188 + - 543 433 23,796 -l,92b + 21 12,963 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 985 624 + + 304 5 220 445 L,185 273 4,101 + + + + + 5 3 4 40 51 37,307 3,272 6,380 1,119 26,536 4,975 + + + + + + 193 144 21 1 27 26 12,388 -Reserve with Federal Reserve Banks 732 Cash in v a u l t 2,079 Balances with domestic banks L I A B I L I T I E S 46,737 Demand d e p o s i t s a d j u s t e d 15,290 Time deposits except Govt. 2,316 U. S. Government d e p o s i t s 8,598 Interbank demand d e p o s i t s : Domestic banks 1,358 Foreign banks 640 Borrowings Debits t o demand d e p o s it accounts, except interbank 18,760 and U. S. Govt, accounts, during week * Preliminary (San Francisco D i s t r i c t ) because of holiday http://fraser.stlouisfed.org/ + 47 29 71 Federal Reserve Bank of St. Louis - 421 11 - 179 - 100 + 2 + 477 + + + + 649 217 23 + + + h9 2 65 34 288 +2,593 +1,124, +2,216 -1,1*81 + + 7 3h 553 - 711 16 88 - 319 + 433 +1,015 - 179 + 50 533 ASSETS AND LIABILITIES OF WEEK LT REPORT ING I^EfcBER BANKS F e d e r a Total* New P h i l a - CleveAll York delphia land d i s t r i c t s Boston (in ASSETS 4,642 21,572 2,634 2,943 65,770 Loans and investments - t o t a l 885 8,056 1,439 968 23,483 Loans - n e t $ 801 470 4,889 579 12,963 Commercial, i n d u s t r i a l , and a g r ' l loans Loans t o brokers and dealers f o r purchasing or c a r r y i n g : 16 1 915 985 5 Ue S* Government o b l i g a t i o n s 16 21 505 9 624 Other s e c u r i t i e s Other loans f o r purchasing or carrying: 2 82 33 11 220 U# S# Government o b l i g a t i o n s 8 33 17 199 445 Other s e c u r i t i e s 284 98 421 140 4,185 Real e s t a t e loans 26 10 16 173 273 Loans t o banks 286 249 211 984 4,101 Other loans 2,838 1,429 1,786 11,990 37,307 U# S# Government s e c u r i t i e s - t o t a l 214 137 1,003 104 3,272 Treasury b i l l s 127 330 1,963 6,380 332 Treasury c e r t i f i c a t e s of indebtedness 30 99 254 1,119 43 Treasury notes 2,195 8,770 1,135 1,307 26,536 Ue S# bonds 365 320 1,526 189 4,975 Other s e c u r i t i e s 710 5,069 445 12,388 455 Reserve w i t h Federal Reserve Banks 76 39 154 48 732 Cash in v a u l t 137 92 105 85 2,079 Balances w i t h domestic banks 71 58 464 1,210 74 Other a s s e t s - n e t L I A B I L I T I E S 3,137 16,438 2,016 2,360 46,737 Demand d e p o s i t s a d j u s t e d 1,368 450 481 2,439 15,290 Time d e p o s i t s except Govt# 175 90 1,025 89 2,316 U# S. Government d e p o s i t s 2,682 438 347 271 8,598 Interbank demand deposits; Domestic banks 6 12 1,145 32 Foreign banks 1,358 6 11 509 Borrowings 640 3 28 36 629 Other l i a b i l i t i e s 1,053 45 470 314 2,497 CAPITAL ACCOUNTS 6,187 324 H>U«2(a) IN LEADIivG On lab, A-Juubi ) 1 , 1949 D i s t r i c t 1 R e s e r tjr e San Minne-(Kansas Dallas St. Rich- Atlanta Chicago Francisco* a p o l i s | City Louis mond m i l l i o n s of d o l l a r s ) 1,277 2,492 2,350 11,425 >,275 2,169 2,623 2,368 4,869 852 457 885 1,009 2,476 817 775 676 1,918 446 231 559 1,586 364 444 —— 6 mmmm 8 43 27 1 5 — 3 —— —— 4 6 4 14 12 14 23 19 68 202 5 3 220 224 1,660 1,385 95 143 216 359 38 43 1,258 893 208 146 387 437 60 38 173 157 51 *-54 10 21 11 54 175 345 2 13 211 419 6,079 1,157 91 752 241 959 240 41 784 4,123 160 720 1,822 374 27 97 112 305 27 101 6 13 5 11 37 5 88 66 131 — 15 9 171 199 137 716 1,378 1,218 80 113 I64 314 138 332 66 19 45 316 746 479 123 229 104 460 202 477 28 12 33 301 269 89 28 16 54 11 28 2,167 1 790 5,671 376 1,069 201 4,025 885 1,550 120 254 212 2,021 1,752 596 543 68 46 383 449 11 4 8 26 22 226 193 6,259 2,581 411 1,434 47 78 65 725 855 251 41 330 2 1,899 1,950 452 385 38 46 531 745 7 1 — 5 17 13 200 203 6,617 5,260 246 457 86 2 138 755 1,433 484 41 531 5 18 17 180 —— 17 100 Debits t o demand d e p o s i t accounts, except 646 569 2,143 380 509 18,760 677 8,244 674 1,017 673 605 2,623 interbank and U* S , Govt , accounts ^ I n d i v i d u a l loan items a r e reported g r o s s , i . e . , before deduction of valuation r e s e r v e s . ^Preliminary (San Francisco D i s t r i c t ) because of holiday,
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