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F ederal reserve bank OF DALLAS Dallas, Texas, March 11, 1966 C O N D IT IO N A N D INCOM E O F MEMBER BA N K S ELEVENTH FEDERAL RESERVE DISTRICT To the Member Banks in the Eleventh Federal Reserve District: Total assets of member banks in the Eleventh District rose slightly more than $1.0 billion during 1965 and reached a level of $17.2 billion on December 31. This 6.4percent expansion in total assets reflects principally a 9.9-percent advance in loans and a 5.0-percent gain in investments. All major categories of loans recorded increases during the year. Bank portfolios of U.S. Government securities declined 6.4 percent to a level of $2.5 billion; however, member banks added heavily to holdings of the obligations of states and political subdivisions, increasing their investments in these securities by 24.2 percent. Total deposits rose 6.0 percent for the year, reflecting a 2.0-percent gain in demand deposits of individuals, an 11.8-percent expansion in time deposits of individuals, and an 18.0-percent increase in deposits of states and political subdivisions. Deposits of the U.S. Government decreased 18.2 percent. Net income for the year was up 17.4 percent. Operating results included a 14.1-percent gain in current operating revenue, a 7.3-percent decline in taxes on net income, and a 15.6-percent expansion in current operating expenses. On December 31, 1965, the ratio of total loans to total deposits was 55.4 percent — up 2.0 percent from December 31, 1964, but down 2.6 percent from June 30, 1965. The ratio of total capital accounts to risk assets declined from 13.2 percent on December 31, 1964, to 12.6 percent on December 31, 1965. 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) COMPARATIVE STATEMENT OF CONDITION OF MEMBER BANKS ELEVENTH FEDERAL RESERVE DISTRICT (Amounts in thousands of dollars) June 30, 1965 Dec. 31, 1964 8,141,491 2,418,691 1,493,243 257,829 12,311,254 3,061,440 15,849,225 6,299,423 4,479,308 401,556 1,371,709 1,349,048 125,447 14,026,491 1,359,843 21,401 229,185 58.0% 7,740,423 2,669,966 1,360,527 237,865 12,008,781 3,690,481 16,166,888 6,894,418 4,121,682 228,096 1,365,470 1,684,173 195,649 14,489,488 1,298,084 20,100 157,454 53.4% 21.8% 25.5% 13.1% 677 13.2% 672 Dec. 31, 1965p Item Loans (net), including overdrafts__________________ _ 8,509,806 U.S. Government obligations, direct and guaranteed------ .. 2,498,524 Obligations of states and political subdivisions_________ 1,690,329 Other securities _________________________________ .. 292,728 TOTAL LOANS (NET) AND INVESTMENTS_______ .12,991,387 Cash and balances due from banks---------------------------- _ 3,730,667 TOTAL ASSETS ______ _________ _______ .17,209,481 Individual — Demand deposits_______________________ 7,032,134 Individual — Time deposits__________________________ 4,608,183 Deposits of U.S. Government, including postal savings___ 186,556 Deposits of states and political subdivisions____________ 1,610,945 Deposits of banks------------------------ ---------------------- _ 1,743,411 Certified and officers’ checks, etc------------------------------ _ 184,850 TOTAL DEPOSITS ______________________________ 15,366,079 TOTAL CAPITAL ACCOUNTS_____________________ . 1,379,053 Borrowings from Federal Reserve Bank______________ 19,646 All other borrowings _____________________________ . 231,443 55.4% Ratio of loans to total deposits_______ ____________ Ratio of cash and balances due from banks to total deposits__________________ . _ ________ 24.3% Ratio of total capital accounts to risk assets (total assets less Government securities and cash assets)_________ 12.6% 675 Number of member banks... _______ ____ ______ ____ p—Preliminary. PRINCIPAL ASSET AND LIABILITY ITEMS OF MEMBER BANKS 1956-65 ELEVENTH FEDERAL RESERVE DISTRICT (In thousands of dollars) Date Dec. 31, 1956 1957 1958 1959 1960 1961 Dec. 28, 1962 Dec. 20, 1963 Dec. 31, 1964 1965p Total Deposits Total Loans (N et) Total Investments Total Loans (N et) and Investments Total U.S. Gov. Secs. Total Capital Accounts 9,803,404 9,701,443 10,659,885 10,669,985 11,215,770 12,167,914 4,020,769 4,163,708 4,617,590 4,857,870 5,154,181 5,645,684 3,071,467 3,098,982 3,544,026 3,469,554 3,501,845 3,893,949 7,092,236 7,262,690 8,161,616 8,327,424 8,656,026 9,539,633 2,455,219 2,397,877 2,711,203 2,594,655 2,620,601 2,904,526 736,433 798,713 849,568 909,042 973,089 1,034,789 12,456,678 6,167,837 4,099,016 10,266,853 2,910,190 1,132,235 12,968,887 6,854,157 4,200,729 11,054,886 2,767,547 1,202,411 14,489,488 15,366,079 7,740,423 8,509,806 4,268,358 4,481,581 12,008,781 12,991,387 2,669,966 2,498,524 1,298,084 1,379,053 p—Preliminary. COMPARATIVE STATEMENT OF INCOME AND DIVIDENDS OF MEMBER BANKS ELEVENTH FEDERAL RESERVE DISTRICT (Amounts in thousands of dollars) Net Change, Item 1965p 1964 Interest and dividends on securities- ____________ ___ Interest and discount on loans_______________________ Service charges on deposit accounts— ____________ ___ All other revenue__________________________________ TOTAL CURRENT OPERATING REVENUE______ ___ Salaries and wages_____________________________ ___ Interest on time and savings deposits______________ ___ All other expenses_________________________________ TOTAL CURRENT OPERATING EXPENSES_____ ___ NET CURRENT OPERATING EARNINGS________ Total recoveries, transfers from valuation reserves, and profits ____ ____________ - ---------- --Total losses, charge-offs, and transfers to valuation re serv e s____________________________ ___ Net income before related taxes__________________ ___ Taxes on net income___________________________ ___ NET INCOME _________________________________ ___ Cash dividends declared1 ________________________ ___ Number of member banks— ______ _ _ _____ 154,956 494,501 30,909 46,553 726,919 153,745 194,703 174,463 522,911 204,008 141,550 429,191 27,737 38,552 637,030 140,700 158,675 152,995 452,370 184,660 13,449 14,330 —881 56,667 160,790 48,156 112,634 59,024 675 51,096 147,894 51,952 95,942 50,956 672 5,571 12,896 —3,796 16,692 8,068 from 1964 13,406 65,310 3,172 8,001 89,889 13,045 36,028 21,468 70,541 19,348 1965 3 1 Includes interest on capital notes and debentures, p—Preliminary. PRINCIPAL ITEMS OF INCOME AND DIVIDENDS OF MEMBER BANKS 1956-65 ELEVENTH FEDERAL RESERVE DISTRICT (Amounts in thousands of dollars) Year Total Current Operating Revenue1 Total Current Operating Expenses1 Net Current Operating Earnings Total Recoveries, Transfers, and Profits Total Losses, Charge-offs, and Transfers 1956 1957 1958 1959 1960 1961 1962 1963 1964 1965p 317,106 349,842 378,067 424,727 458,798 459,019 516,727 573,061 637,030 726,919 193,265 216,929 241,292 269,118 289,110 295,129 344,023 396,221 452,370 522,911 123,841 132,913 136,775 155,609 169,688 163,890 172,704 176,840 184,660 204,008 8,102 7,751 19,610 9,638 10,665 19,768 13,765 15,714 14,330 13,449 38,735 29,262 29,947 43,381 32,038 35,737 38,872 39,873 51,096 56,667 Net Income 56,548 67,309 76,123 70,630 88,765 88,748 89,803 90,545 95,942 112,634 Number Cash of Dividends Member Declared2 Banks 29,473 31,577 34,315 37,623 40,702 42,164 44,167 46,668 50,956 59,024 634 634 631 633 632 630 632 656 672 675 1 Beginning in 1961, income and expenses related to bank premises are reported net (plus or minus) under current operating expenses. 2 Includes interest on capital notes and debentures, p—Preliminary.
@FedFRASER