F E D E R A L R E S E R V E s t a t i s t i c a l r e l e a s e

For immediate release October 11, 1961

H.4.2 CONDITION OF WEEKLY REPORTING MEMBER BANKS IN LEADING CITIES

The condition statement of weekly reporting member banks in leading cities

shows the following principal changes for the week ended October 4: Decreases of

$266 million in loans adjusted, $772 million in holdings of U. S. Government securi-

ties; increases of $569 million in reserves with Federal Reserve Banks, and $900

million in demand deposits credited to domestic banks; and decreases of $64l million

in demand deposits adjusted and $510 million in U. S. Government demand deposits.

Commercial and industrial loans decreased a net of $11 million. Loans to

brokers and dealers and loans to others for purchasing or carrying U. S. Government

and other securities decreased $310 million. Loans to sales and personal financing

institutions decreased $49 million, but loans to "other" nonbank financing institu-

tions increased $33 million. "Other" loans increased $54 million. Numerous re-

visions were made in the loan categories as of September 27, due to reported mis-

classifications; the revisions are not being carried back beyond that date.

Holdings of Treasury bills by weekly reporting member banks decreased

$ 6 0 8 million, Treasury certificates decreased $18 million, and the combined total

of Treasury notes and U. S. Government bonds decreased $146 million. "Other"

securities increased $106 million.

Demand deposits adjusted decreased $205 million in New York City, $159

million in the Chicago District, $111 million in the Dallas District, and $84 mil-

lion in the Kansas City District. Time and savings deposits increased $151 million,

which included an increase of $60 million in,savings deposits in the Chicago District

outside the City of Chicago.

Borrowings of weekly reporting member banks from Federal Reserve Banks

decreased $48 million and borrowings from others decreased $259 million. Loans

to domestic commercial banks decreased $101 million.

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

11.4.2 CONDITION OF VflCEKLY REPORTING MEMBER BANKS IN LEADING CITIES

Oct. 4,

1 9 6 1 *

Chanpe since Sept. ̂ 7, 1961**

Oct. 5, i 9 6 0

A S S E T S (In millions of dollars)

Total loans and investments 117,673 -1,033 + 8,8l4 Loans and investments adjusted l/ 116,172 - 932 •f 8,911 Loans adjusted l/ 70,724 - 266 + 1,375

Commercial and industrial loans 31,783 - 11 + 186 Agricultural loans 1,178 + 1 2 + 87 Loans to brokers and dealers for purchasing

474 2 6 5 or carrying: U. S. Govt. securities 474 - 2 6 5 - 55 Other securities 1,853 - 45 + 332

Other loans for purchasing or carrying: 104 U. S. Govt. securities 104 - 5 - 39

Other securities 1,318 - 2 + 150 Loans to nonbank financial institutions: Sales finance, personal finance, etc. 3,410 - 49 - 6 5 0

Other 2 , 0 6 0 + 33 + 353 Loans to foreign banks 532 + 12 - 1 5 8

Real estate loans 13,140 + 5 + 2 9 4

Other loans 16,448 + 54 + 990 Loans to domestic commercial banks 1,501 - 1 0 1 - 97 U. S. Government securities - total 33,642 7 7 2 + 5,583

Treasury bills 6 , 1 0 9 - 6 0 8 + 3,390 Treasury certificates of indebtedness 1,530 18 + 120 Treasury notes and U. S. bonds maturing:

1,530

Within 1 year 6,324 + 14 + 5,112 1 to 5 years 15,638 - 1 3 8 - 2 , 1 6 5

After 5 years 4,o4l — 22 - 8 7 4 Other securities 1 1 , 8 0 6 + 106 + 1,953 Reserves with F. R. Banks 1 2 , 8 2 9 + 569 - 458 Currency and coin 1,350 - i4o + 1 7 2

Balances with Uv >estic banks 2,932 + 1 0 8 - 24 Other assets - net 4,572 - 55 t 469 Total assets/liabilities 151,682 + 142 +10, (AO

L I A B I L I T I E S Demand deposits adjusted 2/ 6 1 , 5 2 5 - 64l + 833 Demand deposits - total 3/ 90,796 + 442 + 2,540

Individuals, partnerships, and corporations 64,236 - 244 NA States and political subdivisions 4 , 7 2 4 + • 31 + 4 7

U. S. Government 5,023 - 5 1 0 + 3 4 3

Domestic interbank: Commercial 11,922 + 900 NA . Mutual savings 5 8 8 + 102 NA

Foreign: Govtsofficial insts., etc. 643 - 12 NA Commercial banks 9 8 1 - 7 NA

Time and savings deposits - total 4/ 41,158 + 1 5 1 + 6,727 Individuals, partnerships, and corporations: Savings deposits 29,375 + 1 3 1 NA Other time deposits 6,515 + 3 NA

States and political subdivisions 2 , 7 6 8 - 9 + 733 Domestic interbank 1 6 2 + 2 NA

. Foreign: Govts., official insts., etc. 2 , 0 7 9 + 21 NA Commercial banks 1 0 1 + 5 NA

Borrowings: From F. R. Banks 24 - kQ - 20 From others 1,744 - 2 5 9 - 188

Other liabilities 5,24l - 181 + 275 C A P I T A L A C C O U N T S 12,719 + 37 + 7 0 6

1/ Exclusive of loans to domestic commercial banks and after deduction of valuation reserves; individual loan Items are shown gross.

2/ Includes all demand deposits except those of U. S. Government and domestic commercial banks, less cash items in process of collection. Year-ago comparison excludes change in deposits due to mutual savings banks.

3/ Includes certified and officers' checks not shown separately. %J Includes time deposits of U. S. Government and postal savings not shown separately. NA - not available. * Preliminary (San Francisco District). **September 27 figures revised.

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.4.2(a) CONDITION OF WEEKLY REPORTING MEMBER BANKS, BY DISTRICTS, OCTOBER 4, 1961

Federal Reserve District

Boston New York

Phila-delphia

Cleve-land

Rich-mond Atlanta

A S S E T S (In millions of dollars)

Total loans and investments 4,787 35,259 4,489 9,189 4,278 4,571 Loans end investments adjusted l/ 4,698 34,835 4,44l 9,128 4,187 4,465 Loans adjusted 1/ 3,051 21,410 2,979 5,050 2,508 2,659

Commercial, and industrial loans 1,476 11,741 1,268 1,932 970 1,125 Agricultural loans 8 30 2 3 11 29 Loans to brokers and dealers for purchasing or carrying: U. S. Govt, securities 8 280 11 46 11 4

Other securities 29 1,137 69 99 35 45 Other loans for purchasing or carrying: U. S. Govt, securities 4 22 5 8 9 9 Other securities 20 456 6 7 148 37 52

Loans to nonbank financial institutions; SaJ.es finance, personal finance, etc. 120 1,264 144 2 0 7 125 122 Other 79 531 71 1 0 3 1 0 3 121

Loans to foreign hanks 17 246 22 7 * • 1 Real estate loans 486 2,182 3 9 4 1,353 4 1 9 286 Other loans 877 4,088 1 , 0 1 7 1,240 834 918

Loans to domestic commercial hanks 89 424 48 6 1 91 106 U, S. Government securities - total 1,212 9,602 1,147 3,004 1,302 1,443

Treasury hills 247 2,410 244 5 6 2 128 228 Treasury certificates of indebtedness 63 573 54 136 42 49 Treasury notes and U. S• bonds maturing:

573 136 49

Within 1 year 211 1 , 6 5 8 204 6 2 2 2 6 7 324 1 to 5 years 606 3,950 507 1,413 7 2 2 6 8 5

After 5 years 85 1,011 1 3 8 2 7 1 1 4 3 157 Other securities 435 3,823 315 1,074 377 363 Reserves with F. R. Banks 472 4,353 5 1 0 948 445 449 Currency and coin 79 301 8 1 137 1 0 0 67 Balances with domestic banks 1 0 2 227 1 5 2 2 0 8 155 343 Other assets - net 1 5 8 2,181 145 1 8 8 113 125 Total assetp/liabilities 6 , 0 3 6 46,890 5,854 11,275 5,573 6,102

L I A B I L I T I E S Demand deposits adjusted 2/ 3,276 19,352 2,673 4,702 2 , 6 7 1 2 , 5 1 5

Demand deposits - total 2/ 4,248 2 8 , 6 6 1 3,895 6,359 3,880 4,149 Individuals, partnerships, and corporations 3,248 19,666 2,872 4,710 2,796 2,645 States and political subdivisions 255 923 168 497 • 279 377 U. S• Government 240 1,594 245 462 1 7 0 179 Domestic Interbank: Commercial 2 9 4 3,146 5 0 0 590 557 9 0 8

Mutual savings 1 2 6 395 35 5 11 Foreign: Govts., official inste., etc. 6 495 6 - - 30 3

Commercial banks 2 6 731 23 12 6 7 Time and savings deposits - total 4/ 9 6 8 io,io4 1,241 3,549 1 , 1 1 0 1,321

Individuals, partnerships, and corporations: . Savings deposits 757 5,224 8 6 5 2,834 839 1,006 Other time deposits 142 2,550 259 499 1 6 9 207

States and political subdivisions 13 495 70 210 6 1 92 Domestic interbank 2 113 3 1 2 6

Foreign: Govts., official iqsts., eta. 4l 1 , 6 0 7 40 3 11 7 Commercial banks 4 77 2

Borrowings: From F. R. Banks - - 1 6 mm mm • - - - -

From others 17 978 52 97 16 23 Other liabilities 217 2,930 139 193 1 3 2 105

C A r 1 1 A L A 0 0 o j j i ! 5 8 6 4,201 527 1,077 435 504

See footnotes on first table•

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

II A.2(b) CONDITION OF WEEKLY REPORTING MEMBER BANKS, BY DISTRICTS, OCTOBER 4, 1961 (Cont'd)

Federal Reserve District

Chicago St. Minne- Kansas

Dallas Louis apolis City

Dallas San * Francisco

A S S E T S . (in millions of dollars)

Total loans and investments 15,539 3,235 1 , 7 6 8 4,131 5 , 2 6 5 2 5 , 1 6 2

Loans and investments adjusted l/ 15,423 3,110 1,727 4,o46 5 , 2 0 0 2 4 , 9 1 2

Loans adjusted 1/ 8,779 1 , 9 0 8 1 , 0 9 2 2,447 3,n6 15,725 Commercial and industrial loans 3,863 752 497 1,033 1 , 6 7 7 5,449 Agricultural loans 36 31 25 2 0 8 38 757 Loans to brokers and dealers for purchasing or carrying: U. S. Govt. securities 74 2 2 9 8 19

Other securities 1 9 0 49 6 2 0 64 110 Other loans for purchasing or carrying:

2 8 U. S. Govt. securities 2 8 4 — — 6 3 6 Other securities 246 30 8 32 1 6 2 6 0

Loans to nohbank financial institutions: Sales finance, personal finance, etc. 6 3 1 104 72 1 3 6 98 387 Other 245 80 24 112 168 423

Loans to foreign banks 39 - - - - - - - - 2 0 0

Real estate loans 1,543 302 2 0 2 3 4 9 2 3 0 5,394 Other loans 2,116 585 274 5 8 0 723 3,196

Loans to domestic commercial banks 116 125 4i 8 5 65 2 5 0

U. S. Government securities - total 4,793 975 497 1,242 1,642 6,783 Treasury bills 9 2 0 89 92 179 2 5 6 754 Treasury certificates of indebtedness 1 8 9 22 11 57 55 279 Treasury notes and U. S. bonds maturing: Within 1 year 8 1 3 317 1 0 8 2 9 2 2 2 8 1,280 1 to 5 years 2,316 448 2 3 2 5 8 8 673 3,498 After 5 years 555 99 54 1 2 6 4 3 0 972

Other securities 1,851 227 1 3 8 357 442 2,4o4 Reserves with F. R. Banks 1,657 359 214 466 5 6 6 2,390 Currency and coin 1 6 0 4l 1 6 47 54 2 6 7

Balances with domestic banks 322 164 7 2 332 516 339 Other assets - net 346 59 53 1 0 0 1 9 0 914 Total assets/liabilities 19,492 4,251 2,403 5 , 6 0 5 7,H6 31,085

L I A B I L I T I E S Demand deposits adjusted 2/ Demand deposits - total 3/

Individuals, partnerships, and corporations. States and political subdivisions U. S. Government Domestic interbank: Commercial

Mutual savings Foreign: Govts., official insts., etc.

Commercial banks Time and savings deposits - total 4/

Individuals, partnerships, and corporations: Savings deposits Other time deposits

States and political subdivisions Domestic interbank Foreign: Govts., official insts., etc.

Commercial banks Borrowings: From F. R. Banks

From others Other liabilities

C A P I T A L A C C O U N T S

7,412 1,599 875 2,265 2,674 11,511 1 1 , 6 0 8 2,927 1,692 3,979 4,682 14,716 7,930 1,836 1,008 2,503 2 , 9 2 2 12,100 719 132 119 246 211 798 778 132 123 179 335 5 8 6

1,950 8 0 3 4l4 1,006 1,148 6 0 6

l «"» "* 7 •» «- - •» 8 1 6 w mm «•» — 3 84 47 5 5 4 14 101

5,691 875 463 1,024 1,654 13,158

4,724 674 339 8 1 9 785 10,509 6 6 7 148 114 1 6 1 558 l, o4i 1 9 6 45 6 4i 295 1,244 10 2 - - 1 7 15 79 2 2 - - l 2 8 6

5 - - - - l 12 3 3 2 - — » - - -

1 6 1 4 4 50 95 247 392 63 46 59 86 879

1,637 379 1 9 6 493 599 2,085

See footnotes on first table. * Preliminary.

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.4.3 CONDITION OF WEEKLY REPORTING MEMBER BANKS IN CENTRAL RESERVE CITIES New York City Chicago

Oct. Change since Oct. Change since 4, 1961

Sept.27, 1 9 6 1

Oct/ 5, I960 1 9 6 1

Sept.27, 1961

Oct. 5, I960

A S S E T S Total loans and Investments 28,531 Loans and Investments adjusted 1/ . 28,233 Loans adjusted 1/ 17,471 Commercial and industries, loans 10,511 Agricultural loans 9 Loans to brokers and dealers for purchasing or carrying: U. S. Govt. securities 254

Other securities 1,115 Other loans for purchasing or carrying: U. S. Govt, securities 20 Other securities 421

Loans to nonbank financial institutions: Sales finance, personal finance, etc. 1,151 Other 4l2

Loans to foreign banks 235 Real estate loans 785 Other loans 2,999

Loans to domestic commercial banks 298 U. S. Government securities - total 7 , 8 5 3

Treasury bills 2,205 Treasury certificates of indebtedness 499 Treasury notes and U. S. bonds maturing: Within 1 year 1,340 1 to 5 years 3 , 0 6 8

After 5 years 741 Other securities 2 , 9 0 9

Reserves with F. R. Banks ~ 3 , 9 2 0

Currency and coin 183 Balances with domestic banks 78 Other assets - net 2,012 Total assets/liabilities 3 8 , 9 7 2

L I A B I L I T I E S

Demand deposits adjusted 2/ 15>955 Demand deposits - total 3/ 24,589 Individuals, partnerships, and corporations 1 6 , 7 3 3 States and political subdivisions 275 U. 8. Government • 1,328 Domestic interbank5 Commercial 3,058

Mutual savings • 350 Foreign: Govts., official insts., etc. 492

Commercial banks 717 Time and savings deposits - total 4/ 7,045 Individuals, partnerships, and corporations: Savings deposits 2,761 Other time deposits , 2,224

States and political subdivisions 238 Domestic interbank 108 Foreign:- Govts., official lnsts., etc. l,6o4

Commercial banks 76 Borrowings: From F. R. Banks 13

From others 951 Other liabilities 2 , 7 2 5

C A P I T A L A C C O U N T S 3,649

(In millions

-643 -646 - 2 6 3

+ 2 7 *

+ 1*

- 2 3 1

- 34

+2,249 + 2 , 5 2 4

2 5 8

100 2

+ + +

of dollars}

8,033 7,984 4,602 2 , 6 1 7 * *

lb

- 42 + 5 1 7

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- 22 -+ 23* + + 8 -- 2 -

- 13 + + 3 --427 +1,664 - 3 6 8 + 9 8 9

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180 98 204 3 6

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49 2,420 645 104

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26 99 93

+ 11 +4Q1 +529 + 37

+ 4l + 1 , 2 8 0 399 mm — +309 -104 - 2 7 0 1 , 0 8 6 mm 4 - 2 8 8

+ 3 - 334 1 8 6 «• 2 - 1 8 6

+ 44 + 6 0 2 9 6 2 + 24 + 2 7 0

+336 + l4l 9 8 1 - 5 - 1 2 7

- 16 + 30 38 - 2 + 3 + 17 + 24 109 + 17 - 2 9

- 50 + 273 177 + 3 + 39 - 2 0 9 +3 , 2 3 8 10,208 - 5 +470

- 2 0 5 + 575 4,042 77 - 47 -64 + 595 6,646 - 5 + 6 - 1 8 1 NA. 4,4ll - 71 . HA - 24 - 11 345 + 2 - 8 -154 - 283 457 ' - 53 + 4 +148 NA 1 , 2 7 7 +101 NA + 70 NA l mm mm NA - 18 NA 16 + 1 NA - 13 NA 35 - 2 NA + 9 0 + 2 ,l6l 2,347 -- +432

+ 1 5 NA 1,809 + 1 NA + 54 NA 432 - - NA -- + 51 13 - - - 1 - - NA 6 — — NA

+ 1 7 NA 79 - 1 NA + 6 NA 5 — — NA - 12 + 13 — — - 2 — —

-136 - 12 91 - 2 - 78 -111 + 309 202 ~ 3 + 28

+ 24 + 172 922 + 7 + 82 1/ Exclusive of loans to domestic commercial banks and after deduction of valuation

reserves; individual loan items are shown gross. 2/ Includes all demand deposits except those of U. 6. Government and domestic commercial

banks, less cash items In process of collection. Year-ago comparison excludes change in deposits due to mutual savings banks.

3/ Includes certified and officers checks not shown separately. 5/ Includes time deposits of U. 8. Government and postal savings not shown separately. NA - not available. *Sept. 27 figures revised. *-*0ct. 4 figures revised Oct. 6. NOTE: Because October 12 (Columbus Day) is a holiday at several Reserve Banks, next

week's statement will be issued on Friday, October 13. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis