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F ederal reserve bank OF DALLAS Dallas, Texas, July 22,1959 C O N D IT IO N O F MEMBER BANKS. JU N E 10. 1959 ELEVENTH FEDERAL RESERVE D IS TR IC T T o t h e M e m b e r E le v e n t h B a n k s F e d e r a l in t h e R e s e r v e D is t r ic t : The data on the condition reports of member banks as of June 10, 1959, summarized on the reverse side of this letter, indicate that total assets have again set a record mid year high. Most of the asset growth between June 23, 1958, and June 10, 1959, was due to an increase in loans, although this was supplemented by a moderate gain in investments. Credit extended to business borrowers accounted for two-thirds of the rise in loans. Loans to individuals, real-estate loans (both of which have been particularly strong in recent months), and, to a lesser extent, agricultural loans participated in the balance of the in crease. I^ans to banks and loans for purchasing or carrying securities declined. The gain in investments reflected purchases of obligations of states and political subdivisions, partly offset by the net liquidation of United States Government and other securities. Deposits at District member banks as of June 10, 1959, were about 2 percent higher than on June 23, 1958. Both demand and time deposits of individuals and businesses showed moderate increases, while accounts of the United States Government declined. There were relatively minor changes in other deposit categories. The ratio of loans to total deposits increased during the past year from 44.5 percent to 47.0 percent; the ratio of cash and interbank balances to total deposits decreased from 28.0 percent to 26.7 percent. 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 10, 1959p Item Loans (net), including overdrafts___________ 4,632,443 U. S. Government obligations, direct and guaran teed__________________________________ 2,577,301 658,982 Obligations of states and political subdivisions_ Other securities _________________________ 164,252 TOTAL LOANS (NET) AND I N V E S T M E N T S 8,032,978 Cash and balances due from banks___________ 2,631,337 TOTAL ASSETS ________________________ 10,922,812 Individual — Demand deposits ______________ 5,741,990 Individual — Time deposits _________________ 1,833,880 Deposits of U. S. Government, including postal savings_______________________________ 133,516 Deposits of states and political subdivisions___880,676 Deposits of banks_________________________ 1,180,504 _ 94,405 Other deposits _____ ____ TOTAL DEPOSITS___________ 9,864,971 TOTAL CAPITAL ACCOUNTS_____________ 902,229 24,655 Borrowings from Federal Reserve Bank_______ All other borrowings _____________________ 37,073 Ratio of loans to total deposits__________ 47.0% Ratio of cash and balances due from banks to total deposits_______________________________ 26.7% Ratio of total capital accounts to risk assets (total assets less (Government securities and cash assets)________________________________ 15.8% Number of banks_________________________ 633 March 12, 1959p June 23, 1958r 4,502,805 4,291,757 2,662,214 656,706 184,446 8,006,171 2,734,482 11,003,944 5,849,343 1,789,012 2,590,560 569,400 189,651 7,641,368 2,708,066 10,594,445 5,567,730 1,661,851 119,658 924,562 1,190,595 123,436 9,996,606 883,670 6,016 18,606 45.0% 273,083 883,783 1,172,200 96,277 9,654,924 841,816 1,900 2,500 44.5% 27.4% 28.0% 15.8% 631 15.9% 631 p-Preliminary. r-Revised. P R I N C I P A L A S S E T A N D L I A B I L I T Y I T E M S O F M E M B E R B A N K S 1950 - 1959 E L E V E N T H F E D E R A L ( I n o f D I S T R I C T d o lla r s ) Total Deposits Total Loans (Net) Total Investments Total Loans (Net) and Investments Total U.S. Gov. Secs. Total Capital Accounts 6,393,189 2,062,161 2,604,037 4,666,198 2,274,896 403,312 6,626,367 2,420,237 2,428,316 4,848,553 2,045,383 453,235 7,370,121 2,648,569 2,680,629 5,329,198 2,278,406 505,772 7,662,256 2,883,439 2,703,596 5,587,035 2,271,259 550,985 8,227,516 3,190,935 2,802,602 5,993,537 2,334,203 587,620 8,734,498 3,571,606 2,938,324 6,509,930 2,385,570 645,055 8,989,433 3,876,843 2,814,870 6,691,713 2,224,961 714,225 8,755,906 3,895,809 3,077,243 6,973,052 2,420,656 ' 775,563 9,654,924 4,291,757 3,349,611 7,641,368 2,590,560 841,816 9,864,971 4,632,443 3,400,535 8,032,978 2,577,301 902,229 Date June 30, 1950 June 30, 1951 June 30, 1952 June 30, 1953 June 30, 1954 June 30, 1955 June 30, 1956 June 6, 1957 June 23, 1958r June 10, 1959p t h o u s a n d s R E S E R V E r-Revised. p-Preliminary.
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