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F e d e r a l R e s e r v e Ba n k OF DA LLAS Dallas, Texas, May 26, 1953 C O N D m O N OF MEMBER BANKS, APRIL 20,1953 ELEVENTH FEDERAL RESERVE DISTRICT To the Member Banks of the Eleventh Federal Reserve District: The consolidated statement of condition of all member banks in the Eleventh Federal Reserve District as of April 20, 1953, is presented on the reverse of this letter. For purposes of comparison, statements for March 31 and December 31, 1952, are shown. These data reflect a substantial expan sion in practically all major categories of assets and liabilities between March 31, 1952, and April 20, 1953. In more recent months (between December 31, 1952, and April 20, 1953), cash and bal ances due from banks, investments in United States Government securities, and deposits declined, reflecting in part seasonal factors. In contrast with these changes, loans increased. Loans of the District’s member banks expanded $308,563,000, or almost 12 percent, between March 31, 1952, and April 20, 1953, rising to a record total of $2,890,996,000. A sharp expansion in consumer lending represents one of the more notable features of the increase in loans during the period. Expansion in the category which includes consumer-type loans was greater than in any other category and accounted for approximately 45 percent of the increase in total loans. The remaining rise reflects principally the rather strong demand for commercial and industrial loans which prevailed in the second half of 1952. From December 31, 1952, to April 20, 1953, there was a continued strong demand for consumer loans, a seasonal expansion of loans to farmers at country member banks, and a seasonal reduction of commodity loans at reserve city member banks. Total loans rose $34,065,000, or 1.2 percent. On April 20, 1953, total investments of the member banks amounted to $2,715,974,000, reflect ing an increase of $28,776,000 over holdings on March 31, 1952, but a reduction of $156,902,000 from December 31, 1952. Contraction of investments during the more recent period is attributable principally to a decrease in holdings of Government securities. Holdings of municipal securities were practically unchanged. Deposits of the member banks declined rather sharply between December 31, 1952, and April 20, 1953, with the total reduction amounting to $614,999,000, or 7.5 percent. Interbank deposits accounted for somewhat more than one-half of the decrease. Demand deposits of individuals and businesses declined $256,930,000, or almost 5 percent, reflecting in part corporate and individual income tax payments during the first 2 ^ months of the year and a net outflow of funds from the District. In contrast with the trend of demand deposits, time deposits of individuals and busi nesses rose $49,339,000, continuing the expansion in these accounts which has prevailed for many months. Partly because of deposit withdrawals, member banks drew down cash and balances in the amount of $467,485,000, or 16.1 percent, between December 31, 1952, and April 20, 1953. Capital accounts of the District’s member banks amounted to $538,307,000 on April 20, 1953, an increase of 8 percent over the total reported March 31, 1952. Yours very truly, R. R. GILBERT President This publication was digitized and made available by the Federal Reserve Bank of Dallas' Historical Library (FedHistory@dal.frb.org) COMPARATIVE STATEMENT OF CONDITION OF THE MEMBER BANKS ELEVENTH FEDERAL RESERVE DISTRICT (Amounts in thousands of dollars) Item Loans, including overdrafts___________ U. S. Government obligations, direct and guaranteed_________________________ Obligations of states and political sub divisions___________________________ Other securities______________________ TOTAL LOANS AND INVESTMENTS Cash and balances due from banks ___ TOTAL ASSETS__________ __________ Individual — Demand deposits________ Individual — Time deposits___________ Deposits of U. S. Government, including postal savings_____________________ Deposits of states and political sub divisions___________________________ Deposits of banks______________ ,_____ Other deposits_______________________ TOTAL DEPOSITS___________________ TOTAL CAPITAL ACCOUNTS_______ Borrowings from Federal Reserve Bank All other borrowings________________ Ratio of loans to total deposits________ Ratio of cash and balances due from banks to total deposits______________ Ratio of total capital accounts to risk assets (total assets less Government securities and cash assets)_________ Number of banks________________ _____ April 20, 1953P December 31, 1952* March 31, 1952* 2,890,996 2,856,931 2,582,433 2,305,603 2,446,220 2,288,483 344,369 66,002 5,606,970 2,433,790 8,179,966 5,031,253 724,579 344,150 82,506 5,729,807 2,901,275 8,777,554 5,288,183 675,240 325,879 72,836 5,269,631 2,383,343 7,778,526 4,824,753 609,984 151,785 177,215 219,754 644,891 937,190 86,834 7,576,532 538,307 8,125 — o— 38.2% 631,129 1,275,768 143,996 8,191,531 516,276 30 477 34.9% 605,621 893,048 76,104 7,229,264 498,270 — o— 7 35.7% 32.1% 35.4% 33.0% 15.6% 634 15.1% 634 16.0% 633 p— Preliminary, r— Revised. PRINCIPAL ASSET AND LIABILITY ITEMS OF MEMBER BANKS AS OF SELECTED CALL DATES ELEVENTH FEDERAL RESERVE DISTRICT (In thousands of dollars) Total Deposits Total Loans Total Investments Total Loans and Investments Total U. S. Gov. Secs. Total Capital Accounts 4,484,246 815,794 2,331,123 3,146,917 2,202,830 239,085 5,595,769 1,625,015 2,454,168 4,079,183 2,163,177 336,341 5,672,188 1,779,887 2,344,376 4,124,263 2,036,676 358,495 6,190,885 2,039,175 2,579,306 4,618,481 2,261,143 389,547 6,592,675 2,430,596 2,433,799 4,864,395 2,055,853 440,622 7,229,264 2,582,433 2,687,198 5,269,631 2,288,483 498,270 7,576,532 2,890,996 2,715,974 5,606,970 2,305,603 538,307 Date March 20, 1945 April 12, 1948 April 11. '1949 April 24, ‘ 1950 April 9. 195i March 31. 1952r April 20, 1953p p— Preliminary, r— Revised.
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