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FEDERAL RESERVE BANK OF DALLAS Dallas, Texas, May 26, 1950 CONDITION OF MEMBER BANKS. APRIL 24,1950 To the Member Banks of the Eleventh Federal Reserve District: A statement of the condition of member banks in the Eleventh Federal Reserve District as of April 24, 1950, with comparative figures for December 31, 1949, and April 11, 1949, is presented on the reverse side of this letter. Changes in the principal accounts of member banks in the District during the first four months of 1950 include increases in loans, holdings of United States Govern ment securities, total investments, and total capital accounts but substantial decreases in total deposits and cash assets. The increase of $40,000,000 in total loans and investments between December 31, 1949, and April 24, 1950, contrasts with a decline of $145,000,000 during the comparable period of 1949. During the first four months of 1950, loans of member banks showed a net increase of $8,000,000, although a net decrease of $56,000,000 occurred in the same period of 1949. The strong demand this year in several loan categories has tended either to moderate or to accentuate the usual sea sonal movements. The upward trend in agricultural loans has been counterbalanced by substantial retirements of certificates of interest issued by the Commodity Credit Corporation. Reflecting the boom in construction activity, commercial loans to building contractors and loans on real estate have increased substantially at virtually all classes of banks. There has also been a heavy loan demand generally from merchants for inventory expansion and from consumers to finance purchases of con sumer durable goods. These factors have offset to some extent the extensive liquidation of commer cial and industrial loans that ordinarily occurs during the early months of the year. Holdings of United States Government securities were increased $28,000,000 during the four months, whereas a decrease of $86,000,000 occurred in the comparable period of 1949. Holdings of all other investments showed relatively small net changes. The increase over a year ago of $235,000,000 in holdings of all types of investments, as well as the $259,000,000 increase in loans, was made pos sible by the reduction of reserve requirements between May and August 1949 and the substantial increase in deposits over the year. The total deposits of member banks decreased approximately $248,000,000 between December 31, 1949, and April 24, 1950, or by a substantially smaller amount than the decline of $467,000,000 in the same period last year. Moreover, they were about $519,000,000 greater than a year ago. The time and demand deposits of individuals, partnerships, and corporations rose $57,000,000 during the first four months of 1950 and account for $358,000,000, or about 69 percent, of the gain in total deposits over those a year ago. Total capital accounts of member banks in the Eleventh District rose to approximately $390,000,000 on April 24, 1950, reflecting gains of $18,000,000 over December 31, 1949, and of $31,000,000 over April 11, 1949. The increase thus far this year was larger than in the comparable periods of either of the preceding two years. 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 MEMBER BANKS ELEVENTH FEDERAL RESERVE DISTRICT Item April 24, 1950p Member banks in Eleventh District....... Loans, including overdrafts... ................. U. S. Government obligations, direct and guaranteed............................................. Obligations of states and political sub divisions................................................. Other securities....................................... . TOTAL LOANS AND INVESTMENTS 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............. Cash and balances due from banks....... Borrowings from Federal Reserve Bank All other borrowings............................... Ratio of loans to total loans and invest ments...........................— ....................... Ratio of cash and exchange to total deposits......................... .............. ......... December 31, 1949* April 11, 1949* 626 6 23 620 2 ,0 3 8 ,8 5 1 ,0 0 0 2 ,0 3 0 ,8 3 8 ,0 0 0 1 ,7 7 9 ,8 8 7 ,0 0 0 2 ,2 6 1 ,1 5 6 ,0 0 0 2 ,2 3 3 ,3 2 6 ,0 0 0 2 ,0 3 6 ,6 7 6 ,0 0 0 2 6 0 .6 7 3 .0 0 0 2 6 1 .6 6 7 .0 0 0 2 4 7 .6 6 5 .0 0 0 5 7 ,4 7 8 ,0 0 0 5 2 ,7 9 0 ,0 0 0 6 0 ,0 3 5 ,0 0 0 4 .6 1 8 .1 5 8 .0 0 0 4 .5 7 8 .6 2 1 .0 0 0 4 .1 2 4 .2 6 3 .0 0 0 4 .1 8 5 .3 4 5 .0 0 0 4 .1 4 1 .2 8 8 .0 0 0 3 .8 5 3 .1 4 8 .0 0 0 5 4 3 .5 6 4 .0 0 0 5 3 0 .2 8 9 .0 0 0 5 1 7 .4 2 2 .0 0 0 8 8 ,1 9 1 ,0 0 0 7 9 ,3 5 7 ,0 0 0 8 6 ,4 8 2 ,0 0 0 5 8 5 .8 1 9 .0 0 0 6 1 4 .4 4 5 .0 0 0 5 8 3 .0 1 5 .0 0 0 7 2 4 .1 8 8 .0 0 0 9 4 7 .6 4 8 .0 0 0 5 8 5 .4 1 8 .0 0 0 6 3 ,8 9 7 ,0 0 0 1 2 5 .6 4 8 .0 0 0 4 6 ,7 0 3 ,0 0 0 6 .1 9 1 .0 0 4 .0 0 0 6 .4 3 8 .6 7 5 .0 0 0 5 .6 7 2 .1 8 8 .0 0 0 3 8 9 .5 0 9 .0 0 0 3 7 1 .4 7 9 .0 0 0 3 5 8 .4 9 5 .0 0 0 1 .8 9 9 .6 9 4 .0 0 0 2 .1 7 2 .4 6 0 .0 0 0 1 .8 5 3 .2 2 9 .0 0 0 2 ,0 6 0 ,0 0 0 2 8 0 ,0 0 0 3 1 ,0 0 0 1 0 4 ,0 0 0 4 4 .1 % 4 4 .4 % 4 3 .2 % 3 0 .7 % 3 3 .7 % 3 2 .7 % r— Revised, p— Preliminary. PRINCIPAL ASSET AND LIABILITY ITEMS OF ALL MEMBER BANKS AS OF SELECTED CALL DATES ELEVENTH FEDERAL RESERVE DISTRICT ' (In thousands of dollars) Date March 29, 1939 March 26, 1940 April 4, 1941 April 4, 1942 April 13, 1944 March 20, 1945 April 12, 1948 April 11, 1949r April 24, 1 950p Total Deposits Total Loans Total Investments Total Loans and Investments Total U. S. Gov. Secs. Total Capital Accounts 1 ,3 9 2 ,2 9 6 4 6 2 ,5 5 5 4 2 6 ,6 5 2 8 8 9 ,2 0 7 2 9 7 ,8 7 3 163 ,9 2 4 1 ,5 6 6 ,7 4 0 4 8 1 ,6 1 2 4 2 9 ,9 4 7 9 1 1 ,5 5 9 2 8 6 ,0 7 7 1 7 0 ,6 3 7 1 ,7 7 0 ,3 4 0 5 7 8 ,6 1 1 4 6 0 ,4 8 1 1 ,0 3 9 ,0 9 2 3 0 8 ,3 5 9 1 7 9 ,6 3 3 2 ,0 0 8 ,7 7 7 6 4 4 ,1 4 0 559 ,1 7 1 1 ,2 0 3 ,3 1 1 3 9 7 ,1 0 5 187 ,1 6 3 3 ,6 2 6 ,9 1 0 6 7 2 ,6 6 2 1 ,8 4 9 ,0 7 8 2 ,5 2 1 ,7 4 0 1 ,7 2 2 ,6 0 5 2 1 0 ,5 8 4 4 ,4 8 4 ,2 4 6 8 1 5 ,7 9 4 2 ,3 3 1 ,1 2 3 3 ,1 4 6 ,9 1 7 2 ,2 0 2 ,8 3 0 2 3 9 ,0 8 5 5 ,5 9 5 ,7 6 9 1 ,6 2 5 ,0 1 5 2 ,4 5 4 ,1 6 8 4 ,0 7 9 ,1 8 3 2 ,1 6 3 ,1 7 7 3 3 6 ,3 4 1 5 ,6 7 2 ,1 8 8 1,779,887- 2 ,3 4 4 ,3 7 6 4 ,1 2 4 ,2 6 3 2 ,0 3 6 ,6 7 6 3 5 8 ,4 9 5 6 ,1 9 1 ,0 0 4 2 ,0 3 8 ,8 5 1 2 ,5 7 9 ,3 0 7 4 ,6 1 8 ,1 5 8 2 ,2 6 1 ,1 5 6 3 8 9 ,5 0 9 r— Revised, p— Preliminary.
@FedFRASER