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Federal Reserve Bank OF DALLAS Dallas, Texas, February 26, 1957 CONDITION AND EARNINGS OF MEMBER BANKS ELEVENTH FEDERAL RESERVE DISTRICT To the Member Banks in the Eleventh Federal Reserve District: Assets of member banks in the Eleventh Federal Reserve District rose to a record $10,668,718,000 on December 31, 1956, reflecting a $417,179,000 increase over the total at the end of 1955. Deposits and capital accounts also reached new highs at the end of 1956. Net profits during the year were moderately above 1955 profits. Loan expansion in 1956 was comparatively moderate. The $69,410,000 increase, which compares with a net loan growth of $474,192,000 in 1955, reflects a significant tapering of District loan expan sion during the year. Loans to individuals showed the largest increase in 1956, accounting for slightly more than three-fourths of the advance in gross loans. Commercial and industrial loans, loans to finance securities transactions, and minor loan categories also showed gains, but a large part of these gains was offset by declines in loans to farmers and real-estate loans. While investments on December 31 were $128,430,000 higher than a year earlier and cash and balances due from banks were up $157,736,000, these increases resulted from substantial gains in the final quarter which more than offset the declines during the preceding 9 months. Deposits of $9,803,466,000 on December 31 reflected a 12-month gain of $314,758,000. Nearly two-thirds of this increase, or $196,143,000, resulted from growth in the time and demand balances of individuals, partnerships, and corporations. Deposits of banks showed the second largest increase, but each of the other deposit categories also rose. Member banks in the District added $55,464,000 to capital accounts during 1956, bringing the total to $736,460,000 on December 31. Yours very truly, Watrous H. Irons President This publication was digitized and made available by the Federal Reserve Bank of Dallas' Historical Library (FedHistory@dal.frb.org) CO M PAR ATIVE S T A T E M E N T OF CONDITION OF M EM BER B A N K S E L E V E N T H F E D E R A L R E SE R V E DISTRICT (Amounts in thousands of dollars) December 31, September 26, December 31, 1956P 1956 1955 r Item Loans (net), including overdrafts............................... 4,020,641 U. S. Government obligations, direct and guaranteed 2,456,055 468,877 Obligations of states and political subdivisions........... O tliP T * 'jp p n v i 'H p c ! 146,520 TOTAL LOANS'(NET)AND^iNVESTMENTS;;’;;; ^ 7,092,093 Cash and balances due from banks..........................—. 3,316,792 TOTAL ASSETS............................................................ 10,668,718 Individual — Demand deposits....................................... 5,945,040 Individual — Time deposits........................................... 1,113,414 Deposits of U. S. Government, including postal 185,288 savings ............... -........................................................ 828,248 Deposits of states and political subdivisions........... Deposits of banks.......................................................... 1,550,895 180,581 Other deposits................................................................ TOTAL DEPOSITS............. .......................................... 9,803,466 TOTAL CAPITAL ACCOUNTS___________________ 736,460 Borrowings from Federal Reserve Bank.................... 0 40 All other borrowings...................................................... Ratio of loans to total deposits.................................... 41.0% Ratio of cash and balances due from banks to total deposits............................ ............................. 33.8% Ratio of total capital accounts to risk assets (total assets less Government securities and cash assets) 15.0% Number of banks....................................................... 634 3,887,618 2,308,936 465,893 139,617 6,802,059 2,727,977 9,749,592 5,603,129 1,112,163 3,951,231 2,368,923 448,252 125,847 6,894,253 3,159,056 10,251,539 5,835,608 1,026,703 193,490 689,931 1,190,488 92,516 8,881,717 740,220 17,547 16,315 43.8% 168,428 803,016 1,477,599 177,354 9,488,708 680,996 2,000 90 41.6% 30.7% 33.3% 15.7% 634 14.4% 634 p— Preliminary, r— Revised. PRINCIPAL ASSET AND LIABILITY ITEMS OF MEMBER BANKS 1945, 1950-56 ELEVENTH FEDERAL RESERVE DISTRICT (In thousands of dollars) December 31 1945 1950 1951 1952 1953 1954 1955r 1956p r— Revised, p— Preliminary. Total Deposits Total Loans (Net) Total Investments Total Loans (Net) and Investments Total U.S. Gov. Secs. Total Capital Accounts 5,738,464 7,198,467 7,742,798 8,191,531 8,556,257 9,140,693 9,488,708 9,803,466 1,138,936 2,406,188 2,570,429 2,856,931 3,099,116 3,477,039 3,951,231 4,020,641 2,863,853 2,643,066 2,768,680 2,872,876 2,886,575 3,156,508 2,943,022 3,071,452 4,002,789 5,049,254 5,339,109 5,729,807 5,985,691 6,633,547 6,894,253 7,092,093 2,702,604 2,274,935 2,362,881 2,446,220 2,427,003 2,642,771 2,368,923 2,456,055 253,741 418,483 464,027 516,276 558,071 606,478 680,996 736,460 C O M PAR ATIVE S T A T E M E N T OF E A R N IN G S A N D E X P E N S E S OF M E M B E R B A N K S E L E V E N T H F E D E R A L R E SE R V E DISTRICT (Amounts in thousands o f dollars) Item 1956 TOTAL EARNINGS FROM CURRENT OPERATIONS Total recoveries, transfers from valuation reserves, and profits............................................................. Total losses and charge-offs, and transfers to Number of banks. Net Change 1956 over 19! 1955 p 68,974 201,176 14,042 30,529 314,721 90,090 16,189 85,817 192,096 122,625 65,622 179,351 12,874 30,498 288,345 82,531 15,210 76,021 173,762 114,583 3,352 21,825 1,168 31 26,376 7,559 979 9,796 18,334 8,042 9,597 8,950 647 38,295 93,927 37,804 56,123 29,200 634 29,356 94,177 39,303 54,874 26,771 634 8,939 — 250 — 1,499 1,249 2,429 0 1 Includes interest on capital notes and debentures. p— Preliminary. PRINCIPAL ITEMS OF EARNINGS AND EXPENSES OF MEMBER BANKS 1945, 1950-56 ELEVENTH FEDERAL RESERVE DISTRICT (Amounts in thousands of dollars) Year Total Earnings from Current Operations Total Current Operating Expenses 1945 1950 1951 1952 1953 1954 1955 1956p 84,576 173,424 193,010 219,811 239,509 256,738 288,345 314,721 53,860 101,975 112,833 130,646 146,381 158,289 173,762 192,096 Net Total Total Earnings Losses and From Current Recoveries Operations and Profits 1 Charge-offs 1 30,716 71,449 80,177 89,165 93,128 98,449 114,583 122,625 11,299 7,399 6,172 5,955 8,116 26,432 8,950 9,597 1 Beginning with 1948, includes transfers from and to reserves. 2 Includes interest on capital notes and debentures. p— Preliminary. 8,515 16,932 20,191 20,882 22,613 26,579 29,356 38,295 Net Profits Cash Dividends Declared 2 Number of Member Banks 24,078 41,995 39,393 41,058 41,878 58,264 54,874 56,123 9,715 15,081 17,531 20,006 21,157 22,973 26,771 29,200 585 630 633 634 635 632 634 634
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