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F ederal R eserve Bank of Dallas DALLAS, TEXAS 75222 Circular No. 69-70 April 4,1969 OPERATING RATIOS OF MEMBER BANKS ELEVENTH FEDERAL RESERVE DISTRICT To All Member Banks in the Eleventh Federal Reserve District: There is presented on the inside pages of this letter the annual state ment of operating ratios of member banks in the Eleventh Federal Reserve District for 1968, with comparative ratios for 1967. Ratios for your bank are included for your convenience in making comparisons. If you should like to have additional copies of this report, we will be glad to send them to you. Yours very truly, P. E. Coldwell President Enclosure This publication was digitized and made available by the Federal Reserve Bank of Dallas' Historical Library (FedHistory@dal.frb.org) OPERATING RATIOS OF MEMBER BANKS FOR THE YEARS 1968 and 19671— ELEVENTH FEDERAL RESERVE DISTRICT Number of banks in group Under $1,000 1967 1968 19 16 $l,000-$2,000 1967 1968 41 61 $2,000-$5,000 1967 1968 169 185 BANKS WITH AVERAGE DEPOSITS (In thousands of dollars) $5,000-$10,000 $10,000425,000 $25,000450,000 $50,0004100,000 $100,0004200,000 $200,0004500,000 1967 1967 1967 1967 1968 1968 1968 1968 1968 1967 1967 1968 183 128 38 24 18 187 144 4 35 29 18 6 Over $500,000 [ 1967 1968 6 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............................................................. 12.7 10.5 8.9 2.7 10.0 8.4 6.9 2.6 11.3 8.9 7.5 2.2 10.3 8.1 6.3 2.5 13.6 9.9 7.7 3.0 12.8 9.1 7.3 2.6 17.2 12.6 10.0 3.5 15.3 11.6 9.1 3.7 18.3 14.1 10.8 3.7 17.2 12.9 10.1 3.6 18.1 12.5 9.2 3.5 16.8 13.0 10.1 3.9 17.3 12.9 9.6 3.8 15.7 11.7 8.2 3.5 19.2 14.7 10.3 4.1 17.8 14.4 10.1 4.2 16.5 13.5 9.5 4.0 16.5 13.6 9.0 3.8 17.0 15.4 10.2 6.9 15.4 13.0 8.8 5.5 1 2 3 4 Percentage of Total Assets: 5. Total operating revenue............................................................. 6. Net current earnings................................................................... 7. Net income after taxes............................................................... 6.02 1.60 1.13 5.31 1.33 .95 5.82 1.22 .81 5.46 1.20 .73 5.72 1.34 .78 5.82 1.31 .76 5.98 1.38 .80 5.46 1.29 .75 5.87 1.38 .81 5.71 1.33 .77 5.66 1.22 .61 5.38 1.17 .71 5.37 1.28 .71 5.15 1.18 .62 5.34 1.38 .74 4.87 1.33 .74 5.14 1.20 .68 4.62 1.11 .61 4.68 1.50 .90 4.31 1.40 .81 5 6 7 SOURCES AND DISPOSITION OF EARNINGS Percentage of Total Operating Revenue: 8. Interest and dividends on: a. U.S. Government securities.................................................. 19.1 4.7 b. Other securities ...................................................................... 69.8 9. Revenue on loans.......................................................................... 6.4 10. All other revenue.......................................................................... 11. Total operating revenue................................................ 100.0 4.8 12. Service charges on deposit accounts (Included in item 10) 2 — 13. Trust department revenue (Included in item 10)2............... 14. Salaries and wages...................................................................... 39.5 15. Pension, hospitalization, social security taxes, etc................ 2.2 10.0 16. Interest on time and savings deposits....................................... 5.4 17. Net occupancy expense of bank premises.............................. 17.2 18. All other expenses........................................................................ 74.3 19. Total operating expenses............................................. 25.7 20. Net current earnings................................................................... 21. Net recoveries (losses — ) 3...................................................... -3 .6 - .7 22. Net decrease (increase— ) in valuation reserves................. 4.0 23. Taxes on net income................................................................... 17.4 24. Net income after taxes............................................................... 16.5 5.6 70.1 7.8 100.0 5.8 — 40.0 2.6 10.4 5.8 16.8 75.6 24.4 -1 .7 -.8 4.1 17.8 20.4 5.3 66.5 7.8 100.0 5.4 — 33.5 1.8 18.5 5.9 18.9 78.6 21.4 -4 .5 .5 3.0 14.4 20.2 5.7 66.5 7.6 100.0 5.0 — 34.2 1.9 16.6 5.7 19.1 77.5 22.5 -3 .0 -1 .2 4.1 14.2 19.8 9.0 62.3 8.9 100.0 6.3 — 29.0 2.1 22.3 5.3 17.0 75.7 24.3 -4 .8 -1 .0 4.1 14.4 18.3 8.0 63.3 10.4 100.0 7.8 — 29.3 2.1 20.7 5.8 18.2 76.1 23.9 -5 .6 -.5 3.6 14.2 15.5 10.7 63.9 9.9 100.0 7.3 .2 24.4 2.2 28.7 4.9 16.3 76.5 23.5 -3 .8 -2 .0 3.9 13.8 16.3 11.1 63.3 9.3 100.0 6.7 .2 25.9 2.3 26.4 5.3 15.9 75.8 24.2 -3 .8 -1 .7 4.3 14.4 14.2 11.2 64.6 10.0 100.0 7.3 .2 22.6 2.3 31.2 4.7 15.8 76.6 23.4 -3 .8 -1 .4 4.4 13.8 13.5 10.4 65.5 10.6 100.0 7.8 .3 23.3 2.4 30.1 4.9 16.3 77.0 23.0 - 4 .5 - 1 .3 3.9 13.3 10.9 12.4 66.1 10.6 100.0 5.6 1.5 20.5 2.6 33.8 5.1 16.3 78.3 21.7 -7 .7 1.1 3.9 11.2 11.8 11.1 66.1 11.0 100.0 5.5 1.8 21.4 2.7 33.0 5.0 15.9 78.0 22.0 -2 .6 - 2 .1 3.9 13.4 16.1 10.1 65.0 8.8 100.0 4.1 1.7 18.5 2.6 35.0 3.9 16.2 76.2 23.8 -3 .3 -2 .4 4.9 13.2 13.2 8.8 68.5 9.5 100.0 4.2 2.2 20.3 3.0 32.0 4.4 17.1 76.8 23.2 -3 .8 -1 .6 5.5 12.3 12.0 8.5 69.5 10.0 100.0 3.6 3.1 18.9 2.6 32.9 3,8 15.6 73.8 26.2 -3 .4 -2 .5 6.3 14.0 12.6 8.8 69.6 9.0 100.0 3.6 2.9 19.7 2.7 31.4 3.9 14.8 72.5 27.5 -2 .6 -2 .6 7.0 15.3 11.5 8.6 69.8 10.1 100.0 2.0 4.9 18J5 2.4 33.9 2.7 19.1 76.6 23.4 -3 .9 - .4 5.7 13,4 16.4 9.1 64.9 9.6 100.0 2.4 5.3 18.1 2.3 36.9 2.2 16.4 75.9 24.1 -1 .9 -2 .6 6.4 13.2 8.1 9.7 73.1 9.1 100.0 1.2 4.4 13.3 2.3 33.2 .3 18.8 67.9 32.1 -.1 -2 .7 9.9 19.4 8.7 9.7 72.4 9.2 100.0 1.2 4.4 13.8 2.4 32.9 .4 17.8 67.3 32.7 -2 .9 -2 .0 9.0 18.8 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 securities3.......... 5.12 3.66 -.3 9 4.54 4.29 — 5.29 3.73 -.0 5 4.94 3.51 .01 5.25 3.74 -.0 4 4.98 3.64 -.0 4 5.25 3.57 -.0 6 4.95 3.50 - .0 5 5.27 3.51 -.0 7 4.94 3.38 -.0 6 4.81 3.93 -.1 7 4.48 3.67 -.0 4 5.17 3.54 -.0 7 4.86 3.64 .21 4.77 3.64 -.2 7 4.59 3.35 .14 4.50 3.75 -.2 3 4.64 3.65 .06 4.16 4.09 -.0 7 3.93 3.90 - .0 2 25 26 27 7.99 -.8 8 7.96 - .3 3 8.29 -.4 4 7.88 -.2 8 7.91 -.6 2 7.75 - .6 2 8.04 -.3 3 7.50 - .3 7 7.91 -.3 7 7.60 -.4 0 7.56 -.5 7 7.09 - .3 2 7.28 -.2 7 7.00 - .4 1 7.01 -.2 0 6.59 -.2 6 6.99 -.2 5 6.12 - .1 8 6.72 -.0 3 6.03 - .2 3 28 29 Percentage of Total Loans (N e t): 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............................................................................ .1 18.7 6.0 47.5 27.0 .7 .1 21.1 8.7 46.7 21.9 1.4 .2 20.8 9.8 46.2 21.4 1.6 .2 19.8 13.7 45.0 19.5 1.8 .2 18.9 12.5 47.1 19.2 2.1 .2 16.4 16.8 47.7 16.7 2.1 .3 17.0 16.6 46.4 17.9 1.9 .2 14.7 18.7 48.2 15.9 2.1 .4 14.2 17.5 49.4 16.4 2.2 .3 11.8 17.7 49.7 17.4 2.8 .6 13.1 16.4 50.1 17.2 2.7 .5 16.4 15.5 48.0 17.5 2.1 .5 14.7 12.4 50.4 19.8 2.2 .5 13.1 12.2 52.9 19.0 2.0 .8 13.2 12.8 51.7 19.6 2.0 .7 12.8 12.0 51.3 20.5 2.3 1.1 16.5 11.5 49.2 19.9 2.1 .8 9.5 11.4 50.8 24.6 2.3 1.4 9.5 11.1 51.7 24.0 2.5 1.2 30 31 32 33 34 35 13.2 13.6 12.2 12.6 10.2 10.7 8.2 8.6 7.7 7.8 7.0 7.3 7.4 7.5 7.3 7.7 7.3 6.8 8.8 9.2 36 25.2 15.3 18.8 4.14 26.2 15.9 17.5 3.89 22.7 14.3 28.3 4.28 22.9 14.7 26.4 3.95 17.4 11.6 33.4 4.22 18.4 12.1 33.7 4.08 12.6 9.1 42.3 4.34 13.7 9.6 38.0 4.16 11.3 8.5 44.8 4.43 11.4 8.6 44.7 4.13 10.0 7.7 45.1 4.65 10.6 8.0 43.8 4.42 11.5 8.2 44.0 4.70 11.7 8.3 40.2 4.39 10.9 8.1 41.8 4.64 11.6 8.6 40.8 4.19 10.9 8.3 42.6 4.65 10.7 7.6 44.8 4.25 13.5 10.4 35.4 5.11 13.8 10.7 36.5 4.54 37 38 39 40 19.7 6.9 46.9 25.8 .6 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........................................................... t or notes see back page. NOTES FOR TABLE 1 Each of the 1968 ratios represents an average of the ratios of individual banks com puted from data taken from reports of condition as of December 30, 1967, and June 29, 1968, and from reports of income and dividends for the year 1968. Figures used as a basis for the 1967 ratios are averages of amounts taken from reports of condition as of December 31, 1966, and June 30, 1967, and from reports of income and dividends for the year 1967. 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 (after adjustments for trans fers to and from reserves for bad debts), rather than on the basis of figures furnished on the face of the Report of Income and Dividends. NOTE: Details may not add to totals because of rounding.
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