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F ederal Reser ve Ban k OF DALLAS Dallas, Texas, June 2, 1954 C O N D IT IO N OF MEMBER BANKS, APRIL 15,1954 ELEVENTH FEDERAL RESERVE DISTRICT To the Member Banks in the Eleventh Federal Reserve District: On April 15, 1954, practically all major categories of assets and liabilities o f member banks in the Eleventh Federal Reserve District were substantially above the comparable year-earlier totals. A t these advanced levels, however, most o f the principal balance sheet items showed declines from December 31, 1953, principally because o f seasonal factors. These results are reflected in the con solidated statements o f condition presented on the reverse of this letter. Loans o f the District’s member banks rose to a record total of $3,146,784,000 on April 15, reflecting an increase of $255,784,000 over the April 20, 1953, total and a rise o f $47,668,000 from December 31, 1953. Loan expansion in both of these periods was somewhat more than accounted for by the increase in loans directly guaranteed by the Commodity Credit Corporation, including the CCC certificates of interest which were offered to commercial banks in October, December, and January. Reserve city and country member banks shared about evenly in the rise in CCC financing. Commercial and industrial loans of member banks on April 15 were virtually unchanged from the April 20, 1953, level but were down $33,264,000 from December 31. Consumer-type loans were somewhat higher on April 15 than a year earlier, despite moderate net repayments during the first SYz months o f 1954. Although nonguaranteed loans to farmers increased $20,485,000 seasonally at country member banks between December 31, 1953, and April 15, 1954, the volume o f these loans outstanding on April 15 was well below a year earlier. Member banks reduced their holdings of Government securities rather sharply from January to mid-April o f this year and sold or redeemed smaller amounts of other investments. The over-all decline in portfolios in this period amounted to $133,381,000, carrying the investment holdings of these banks to a total o f $2,753,194,000 — or to a level $37,206,000 above a year earlier. Deposits o f the District’s member banks increased $377,043,000 between April 20, 1953, and April 15, 1954, to a total o f $7,953,649,000. Slightly less than one-half o f the growth occurred in time and demand accounts o f individuals and businesses. Interbank deposits also rose substantially. In more recent months, from December 31 to April 15, member bank deposits declined $602,608,000, due principally to contractive seasonal forces. Most of the change was reflected in interbank and private deposit accounts. Total capital accounts of member banks increased $42,655,000 from April 20, 1953, to April 15, 1954, with $22,860,000 of the rise occurring since December 31. On April 15 the ratio of total capital accounts to risk assets was 15.5 percent, slightly lower than the comparable 1953 ratio. 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 m thousands of dollars) April 15, 1954 (IfllP P QPPllTlflPQ TOTAL LOANS AND INVESTMENTS Cash and balances due from banks____ TOTAL ASSETS______________________ Individual — Demand deposits__________ Individual — Time deposits____________ Deposits o f U. S. Government, including postal savings_____ ___ _______________ Deposits o f states and political sub divisions_____________________________ Deposits o f banks_____________________ Other deposits_________________________ TOTAL DEPOSITS__________ _______ TOTAL CAPITAL ACCOUNTS_______ Borrowings from Federal Reserve Bank All other borrowings__________________ Ratio o f loans to total deposits_________ Ratio o f cash and balances due from banks to total deposits______________ Ratio o f total capital accounts to risk assets (total assets less Government securities and cash assets)__________ Number of banks_____________________ April 20, 1953 3,099,116 2,891,000 2,301,079 Loans, including overdrafts____________ U. S. Government obligations, direct and guaranteed__________________________ Obligations of states and political sub divisions_____________________________ December 31, 1953r 3,146,784 Item 2,427,003 2,287,981 377,362 74,753 5,899,978 2,539,282 8,587,991 5,092,026 848,034 381,635 77,937 5,985,691 3,040,350 9,184,766 5,344,633 797,952 365,596 62,411 5,606,988 2,433,833 8,179,996 5,030,900 724,421 161,998 172,493 151,794 712,639 1,063,530 75,422 7,953,649 580,931 0 0 39.6% 743,360 1,341,479 156,340 8,556,257 558,071 0 0 36.2% 645,423 937,231 86,837 7,576,606 538,276 8,125 0 38.2% 31.9% 35.5% 32.1% 15.5% 636 15.0% 635 15.6% 634 r—Revised. PRINCIPAL ASSET AND LIABILITY ITEMS OF MEMBER BANKS AS OF SELECTED CALL DATES ELEVENTH FEDERAL RESERVE DISTRICT (In thousands of dollars) Date March 20, 1945 April 24, 1950 April 9, 1951 March 31, 1952 April 20, 1953r April 15, 1954 r— Revised. Investments Total U. S. Gov. Secs. Total Capital Accounts 2,331,123 3,146,917 2,202,830 239,085 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 7,22 9 ,2 6 4 2,582,433 2,687,198 5,269,631 2,288,483 498,270 7,576,606 2 ,891,000 2,715,988 5,606,988 2,287,981 538,276 7,953,649 3,146,784 2,753,194 5,899,978 2,301,079 580,931 Total Loans Total Investments 4 ,484,246 815,794 6,190,885 Total Deposits Total Loans and
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