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H.k«2 BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM (For Immediate Release) September 8, 195k CONDITION OF WEEKLY REPORTING MEMBER BANKS IN LEADING CITIES "<"' 1 • 1 *11" 1 1 ''' ' ' "l " 1 •' " - ' ' ' ' ' ' - ' 1 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 t h e following p r i n c i p a l changes f o r the week ended September I t Decreases of $196 m i l l i o n i n holdings of United S t a t e s Government s e c u r i t i e s , $167 m i l l i o n in demand deposits a d j u s t e d , and $23k m i l l i o n i n United S t a t e s Government d e p o s i t s , and an increase of 1198 m i l l i o n i n demand deposits c r e d i t e d to 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 increased S32 m i l l i o n a t a l l reporting member banks? t h e p r i n c i p a l changes were i n c r e a s e s of 018 m i l l i o n i n the Chicago D i s t r i c t and Si2 m i l l i o n i n the Richmond D i s t r i c t , and a decrease of $20 million i n t h e New York D i s t r i c t . Changes according to i n d u s t r y appear i n another p r e s s r e l e a s e . Loans t o brokers and dealers f o r purchasing or carrying s e c u r i t i e s decreased $57 m i l l i o n . Loans to banks decreased $103 m i l l i o n . Holdings of Treasury b i l l s decreased $lk2 m i l l i o n i n New York C i t y and by smaller amounts i n n e a r l y a l l of the o t h e r d i s t r i c t s } the n e t decrease a t a l l r e porting member banks was $220 m i l l i o n . Holdings of United S t a t e s Government bonds increased $1*3 m i l l i o n . Holdings of " o t h e r " s e c u r i t i e s increased $7k m i l l i o n , of which $60 m i l l i o n was i n New York C i t y . Demand deposits a d j u s t e d decreased $56 million i n t h e Cleveland D i s t r i c t and $50 m i l l i o n i n t h e Dallas 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 a l l d i s t r i c t s and demand d e p o s i t s c r e d i t e d to domestic banks increased i n most dis t r i c t s . Borrowings decreased $ l k l m i l l i o n i n New York C i t y , and they increased $56 m i l l i o n i n Chicagoj t h e r e was a net decrease of $84 million a t a l l r e p o r t i n g member banks. A summary of a s s e t s and l i a b i l i t i e s of reporting member banks f o l l o w s : Sept,* 1* 195k Increase or decrease since August 25, Sept* 2, 1951 19^3 (In m i l l i o n s of d o l l a r s ) 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 to brokers and dealers f o r purchasing or carrying s e c u r i t i e s Other loans f o r purchasing or carrying s e c u r i t i e s Real e s t a t e loans Loans to banks Other loans 82,760 38,k77 39,137 20,805 -217 - 95 - 90 + 32 +3,375 -1,590 -1,553 ~2,160 2,229 90k 6,832 506 7,861 ~ 57 + 7 + 9 -103 + 22 + 379 + 172 + k67 - 256 - 155 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 35,911 3,203 2,560 6,652 23,k96 8,372 -196 -220 - 13 - 6 + k3 + 7k +k,Uk + 91k -2,lk5 +1,285 +k,060 + 851 Reserves with Federal Reserve Banks Cash i n v a u l t Balances with domestic banks 13,563 888 2,1*80 — 5® - kk + Ik - 576 „ 11 + 39 5k,028 21,2k5 3,k5k 10,908 1,300 626 -187 „ 11 -23k +198 + 3 — 8k + 969 +2,6lk •4,370 + 818 + 57 - 288 L I A B I L I T I E S Demand d e p o s i t s a d j u s t e d Time deposits except U. S. Government U. S. Government deposits Interbank demand deposits? Domestic banks Foreign banks Borrowings ^Preliminary (Sah Francisco D i s t r i c t ) , ASSETS AND LIABILITIES OF WEEKLY REPORTING MEMBER BANKS IN LEADING CITIES. SEPTEMBER 1, 1954 F e d e r a 1 1\ e s e- r v e D 1 8 t r i c t Total * San * New P h i l a - I Cleve- Rich- Atlanta!Chicago S t . Minne- Kansas Dallas All Boston a p o l i s City Louis Francisco d e l p h i a j land mond York Districts ( I n m i l l i o n s of d o l l a r s ) 5.4.2(a) ASSETS Loans and investments - t o t a l Loans - n e t # Commercial, i n d u s t r i a l , and a g r ' l loans Loans t o b r o k e r s and d e a l e r s f o r purchasing or carrying 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 securities Real e s t a t e loans Loans t o banks Other loans 82,760 38,477 20,805 3,662 1,909 1,066 25,818 12,721 7,765 3,240 1,702 887 5,789 2,329 1,163 3,249 1,424 623 3,092 1,246 698 11,458 4,331 2,547 2,638 1,301 629 1,494 687 338 3,384 1,396 841 3,546 1,877 1,226 15,390 7,554 3,022 2,229 32 1,636 48 83 22 15 318 14 2 8 9 42 904 6,832 506 7,861 21 330 37 461 368 894 310 1,979 28 188 7 581 60 550 8 517 82 284 13 418 33 94 13 415 125 630 30 775 21 267 22 367 13 142 10 191 20 220 4 315 90 150 13 407 43 3,083 39 1,435 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 35,911 3,203 2,560 6,652 23,496 8,372 1,435 10,332 1,152 131 636 121 1,628 145 1,038 6,916 2,765 318 1,106 65 99 145 797 432 2,830 117 227 606 1,880 630 1,562 1,562 167 90 115 157 360 285 878 1,072 284 263 6,027 394 365 1,285 3,983 1,100 1,123 86 73 288 676 214 666 95 61 156 354 l4l 1,617 222 145 373 877 371 1,461 229 153 203 876 208 6,190 455 4o8 1,178 4,149 1,646 Reserves with Federal Reserve Banks Cash i n v a u l t Balances with domestic banks Other a s s e t s - n e t 13,563 888 2,480 1,777 513 65 97 97 4,885 196 136 702 499 46 103 73 870 87 159 97 474 44 242 62 2,029 109 300 133 434 32 146 40 237 14 88 20 550 39 318 47 562 43 433 109 2,005 140 290 331 54,028 21,245 3,454 2,798 6l4 160 17,538 4,653 1,251 2,315 603 146 3,773 1,712 240 2,367 2,224 607 712 100 150 7,252 3,150 564 1,670 535 110 948 274 61 2,346 557 114 2,547 684 108 8,250 7,144 450 10,908 1,300 626 2,025 7,882 317 30 13 90 412 3,053 1,043 334 983 2,882 446 14 19 48 370 564 7 36 81 589 647 10 15 43 268 1,823 46 102 135 957 679 3 12 39 242 410 3 2 28 127 989 2 11 32 287 941 14 580 120 64 443 1,105 505 73 168 66 L I A B I L I T I E S Demand d e p o s i t s a d j u s t e d Time d e p o s i t s except U. S. Government U. S. Government d e p o s i t s Interbank demand d e p o s i t s : Domestic banks Foreign banks Borrowings Other l i a b i l i t i e s CAPITAL ACCOUNTS 459 8 18 50 297 $ I n d i v i d u a l loan items a r e r e p o r t e d g r o s s , i . e . , b e f o r e deduction of v a l u a t i o n r e s e r v e s . - • 53 346 * Preliminary (San Francisco D i s t r i c t ) ,
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