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FEDERAL RESERVE BANK OF DALLAS DALLAS, TEXAS 75222 Circular No. 67-69 April 7, 1967 OPERATING RATIOS OF MEMBER BANKS ELEVENTH FEDERAL RESERVE DISTRICT To All Member Banks in the Eleventh Federal Reserve District: T h e re is p re s e n te d on th e in sid e p ag e s o f th is le tte r th e a n n u a l s ta te m e n t o f o p e ra tin g ra tio s o f m em b er b a n k s in th e E le v e n th F e d e ra l R eserv e D is tric t f o r 1966, w ith c o m p a ra tiv e ra tio s f o r 1965. R a tio s fo r y o u r b a n k a r e in cluded f o r y o u r convenience in m a k in g co m p ariso n s. I f you should like to h av e a d d itio n a l copies o f th is re p o rt, w e w ill be g la d to sen d th e m to you. Y o u rs v e ry tru ly , W a tro u s H . Iro n s P re s id e n t Enclosure This publication was digitized and made available by the Federal Reserve Bank of Dallas' Historical Library (FedHistory@dal.frb.org) O P E R A T IN G R A TIO S O F MEMBER BANKS FO R THE YEARS 1966 a n d 1 9 6 5 1— ELEVENTH FEDERAL RESERVE DISTRICT Number of banks in group Under $1,000 1965 1966 31 23 $1,00042,000 1966 1965 81 66 $2,000-$5,000 1965 1966 209 207 BANKS WITH AVERAGE DEPOSITS (In thousands of dollars) $5,000410,000 $10,000-$25,000 $25,000-$50,000 $50,000-$100,000 $100,000-$200,000 $200,000-$500,000 1965 1966 1965 1966 1966 1965 1965 1965 1965 1966 1966 1966 4 167 161 17 4 104 36 19 16 118 39 23 Over $500,000 1965 5 1966 6 SUMMARY RATIOS Percentage of Total Capital Accounts: 1. 2. 3. 4. Net current earnings............................................................... Net income before related taxes.......................................... Net income after taxes........................................................... Cash dividends declared......................................................... 9.8 7.9 6.6 2.2 9.4 6.7 5.5 2.2 9.6 7.6 6.2 2.3 5.20 1.27 .85 5.65 1.23 .71 5.39 1.09 .89 10.4 7.9 6.6 2.2 12.9 8.9 7.4 2.6 11.6 8.6 7.0 3.0 16.0 12.1 9.7 3.7 15.2 11.6 9.0 3.7 18.1 12.9 10.2 3.6 16.7 11.9 9.2 3.5 16.9 13.2 9.9 3.9 15.1 10.7 8.4 3.9 16.9 12.4 8.2 3.6 17.3 13.6 8.7 3.9 16.4 12.1 8.0 4.3 15.6 11.7 8.2 4.2 15.2 11.6 7.8 3.4 13.8 10.1 7.3 3.6 14.1 12.2 8.4 5.2 15.3 13.7 8.7 5.3 1 2 3 4 Percentage of Total Assets: 5. Total operating revenue......................................................... 6. Net current earnings............................................................. 7. Net income after taxes........................................................... 5.69 1.26 .76 5.64 1.31 .74 5.28 1.18 .70 5.30 1.32 .80 5.10 1.28 .76 5.39 1.34 .77 5.27 1.26 .68 4.99 1.20 .70 4.73 1.09 .62 4.87 1.24 .61 4.49 1.22 .62 4.67 1.26 .61 4.40 1.19 .60 4.31 1.01 •52 4.09 1.07 .58 4.11 1.27 .76 3.75 1.31 .75 5 6 7 SOURCES AND DISPOSITION OF EARNINGS Percentage of Total Operating Revenue: 8. Interest and dividends on: a. U.S. Government securities.............................................. 18.9 b. Other securities .................................................................. 5.1 9. Revenue on loans.................................................................... 68.7 10. All other revenue.................................................................... 7.3 11. Total operating revenue............................................ 100.0 12. Service charges on deposit accounts (Included in item 10) 2. 5.0 — 13. Trust department revenue (Included in item 10) 2............. 14. Salaries and wages................................................................. 37.6 15. Pension, hospitalization, social security taxes, etc.............. 2.0 16. Interest on time and savings deposits.................................. 10.4 17. Net occupancy expense of bank premises........................... 6.4 18. All other expenses.................................................................... 19.2 19. Total operating expenses.......................................... 75.6 20. Net current earnings............................................................... 24.4 21. Net recoveries (losses— ) 3................................................... - 4 .6 22. Net decrease (increase — ) in valuation reserves............... - .3 23. Taxes on net income............................................................... 4.1 24. Net income after taxes........................................................... 15.4 15.7 3.3 71.3 9.7 100.0 7.0 — 37.6 1.6 10.7 6.7 20.2 76.8 23.2 -5 .0 - .6 3.2 14.4 19.8 5.9 65.2 9.1 100.0 6.4 — 34.7 1.8 15.3 5.8 20.0 77.6 22.4 -5 .3 — 3.4 13.7 17.6 5.2 67.9 9.3 100.0 6.3 — 35.2 1.5 13.5 6.6 20.4 77.2 22.8 -4 .0 -1 .3 3.1 14.4 17.3 7.2 64.7 10.8 100.0 8.0 — 29.6 2.0 19.0 6.1 18.6 75.3 24.7 -5 .3 -1 .2 3.0 15.2 17.4 7.7 65.3 9.6 100.0 7.0 — 30.8 1.8 18.4 6.0 19.3 76.3 23.7 -4 .3 -1 .2 3.6 14.6 17.5 9.2 64.1 9.2 100.0 6.7 .2 26.6 2.3 24.2 5.2 16.1 74.4 25.6 -4 .6 -1 .2 4.2 15.6 17.4 9.3 63.6 9.7 100.0 7.0 .2 27.8 2.1 22.2 5.5 16.9 74.5 25.5 —4.0 -1 .2 4.8 15.5 13.5 10.2 65.4 10.9 100.0 7.6 .4 23.8 2.2 27.4 5.2 16.4 75.0 25.0 - 5 .4 - 1 .4 3.6 14.6 13.1 9.0 66.9 11.0 100.0 7.6 .5 25.5 2.3 25.8 5.6 16.9 76.1 23.9 -4 .9 -2 .1 4.0 12.9 12.9 10.0 66.6 10.5 100.0 5.5 1.8 22.8 2.7 28.7 5.8 15.8 75.8 24.2 - 4 .0 - 1 .4 4.6 14.2 14.3 9.1 66.0 10.6 100.0 5.7 1.8 23.8 2.7 29.3 5.5 15.7 77.0 23.0 -3 .6 -2 .7 3.5 13.2 13.7 7.5 68.7 10.1 100.0 4.6 2.5 21.1 3.0 29.5 4.4 16.7 74.7 25.3 -5 .8 - .7 6.3 12.5 16.0 6.3 66.8 10.9 100.0 4.7 2.8 22.8 3.1 25.6 4.5 16.9 72.9 27.1 -4 .2 -1 .6 7.6 13.7 14.2 8.6 67.9 9.3 100.0 4.0 2.9 20.4 2.9 29.8 4.5 15.4 73.0 27.0 -6 .4 -.8 6.6 13.2 13.3 7.1 70.6 9.0 100.0 4.2 2.8 21.8 3.1 27.4 5.0 15.5 72.8 27.2 -3 .7 -3 .4 6.3 13.8 16.8 8.2 65.7 9.3 100.0 2.4 5.3 18.7 2.4 36.4 3.6 15.6 76.7 23.3 -3 .5 - 1 .9 5.9 12.0 17.8 7.8 65.5 8.9 100.0 1.9 5.1 17.9 2.6 34.3 3.2 16.0 74.0 26.0 -3 .9 -2 .4 5.7 14.0 9.3 8.9 73.2 8.6 100.0 1.1 4.3 13.6 2.2 33.3 1.3 18.5 68.9 31.1 - 3 .4 -J S 8.7 18.5 13.0 6.5 71.6 8.9 100.0 1.1 4.5 14.3 2.3 28.3 2.2 17.7 64.8 35.2 -1 .4 -2 .0 11.7 20.1 8 a b 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 RATES OF EARNINGS ON SECURITIES AND LOANS Percentage of Securities: 25. Interest and dividends on U.S. Government securities...... 26. Interest and dividends on other securities......................... 27. Net recoveries and profits (losses — ) on securities8........ 4.31 4.38 .01 4.07 4.70 .01 4.56 3.72 - .0 4 4.11 4.07 -.0 9 4.63 3.40 -.0 6 4.17 3.4] .01 4.70 3.22 -.1 6 4.22 3.22 -.0 4 4.48 3.16 - .1 4 4.20 3.13 -.0 5 4.32 3.33 -.1 3 3.93 3.12 -.1 2 4.28 3.22 - .2 4 3.95 3.06 .02 4.43 3.29 -.4 9 7.88 -.4 0 8.07 -.7 3 7.68 -.7 2 7.95 -.4 5 7.71 -.5 6 7.63 -.4 5 7.44 -.3 8 7.34 -.4 0 7.37 -.4 3 7.29 -.4 1 6.70 - .2 9 6.55 -.2 7 6.55 -.3 7 6.18 -.2 9 6.10 -.3 2 — 4.03 3.28 - .1 5 3.56 3.41 -.2 2 3.42 3.51 -.3 4 3.36 3.42 -.0 4 25 26 27 5.93 -.2 7 5.87 - .1 8 5.58 -.1 1 5.86 - .1 3 5.30 -.1 1 28 29 3.90 3.19 Percentage of Total Loans (N et): 28. Revenue on loans.................................................................... 29. Net recoveries (losses — ) on loans3.................................... DISTRIBUTION OF TOTAL ASSETS Percentage of Total Assets: 30. 31. 32. 33. 34. 35. U.S. Government securities................................................... Other securities ...................................................................... Loans (net) ............................................................................ Cash assets .............................................................................. Real estate assets...................................................................... All other assets ...................................................................... 22.1 5.5 46.2 25.2 .9 .1 20.7 3.1 47.2 26.5 2.2 .3 21.2 8.7 45.1 23.1 1.8 .1 20.1 7.4 47.5 23.0 1.9 .1 18.8 12.0 47.4 19.4 2.2 .2 20.4 11.5 45.4 20.3 2.2 .2 18.8 14.8 45.9 18.4 1.9 .2 19.9 14.1 44.7 19.1 2.0 .2 15.6 17.0 48.2 16.8 2.1 .3 16.2 15.1 48.6 17.7 2.1 .3 14.8 14.8 49.8 17.7 2.5 .4 17.4 13.7 47.9 18.3 2.4 .3 15.5 11.4 51.4 19.1 2.2 .4 17.7 9.4 49.0 21.1 2.3 .5 14.6 12.2 52.1 18.4 2.1 .6 15.0 10.0 52.4 19.6 2.4 .6 18.0 10.8 48.4 19.8 2.3 .7 19.2 9.4 48.2 20.2 2.3 .7 10.5 51.3 23.5 2.4 1.3 13.7 7.3 50.7 24.7 2.2 1.4 30 31 32 33 34 35 13.9 16.1 13.2 14.5 10.9 11.1 8.5 8.6 7.7 7.8 7.5 7.6 7.3 7.1 7.9 7.9 6.6 7.9 9.1 8.5 36 28.3 16.5 16.5 3.89 31.0 20.8 20.0 3.81 25.4 15.7 25.7 3.87 26.7 17.9 24.6 3.62 18.1 12.4 31.6 3.82 19.2 12.7 28.6 3.76 14.2 9.4 35.0 3.97 15.1 9.5 32.1 3.81 11.6 8.5 41.2 3.85 12.0 8.6 39.0 3.78 11.2 8.3 39.6 3.93 12.0 8.3 39.8 3.80 11.5 8.0 38.5 4.05 11.9 7.8 33.7 3.72 11.8 8.8 39.0 3.98 12.2 8.8 35.7 3.77 10.7 7.4 43.4 4.02 13.0 9.0 41.2 3.84 13.9 10.5 36.6 4.35 14.0 9.8 31.9 3.82 37 38 39 40 11.0 OTHER RATIOS 36. Total capital accounts to total assets.................................... 37. Total capital accounts to total assets less Government securities and cash assets................... 38. Total capital accounts to total deposits................................ 39. Time deposits to total deposits............................................ 40. Interest on time deposits2.......................................................[ For notes see back page. NOTES FOR TABLE 1 Each of the 1966 ratios represents an average of the ratios of individual banks computed from data taken from reports of condition as of December 31, 1965, and June 30, 1966, and from reports of income and dividends for the year 1966. Figures used as a basis for the 1965 ratios are averages of amounts taken from reports of condition as of December 31, 1964, and June 30, 1965, and from reports of income and dividends for the year 1965. 2 Banks reporting zero amounts were excluded in computing this average, and figures are not shown where there were fewer than three banks in a group. 3 Computed on the basis of actual net losses or recoveries (a fte r adjustm ents for tran sfers to and from reserves for bad debts), rath e r than on the basis of figures furnished on the face of the Report of Income and Dividends. NO TE: Details may not add to totals because of rounding.