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Federal reserve Ba n k O F DALLAS Dallas, Texas, August 4, 1947 CONDITION O F MEMBER BANKS, JUNE 30, 1947 To the Member Banks of the Eleventh Federal Reserve District: There is presented on the opposite page a statement of the condition of all member banks in the Eleventh Federal Reserve District as of June 30, 1947 and comparative figures as revised for December 31, 1946 and June 29, 1946. These data reveal the significant changes which occurred in the principal assets and liabilities of member banks in this district during the first six months of 1947 and during the year ended June 30, 1947. Comparative data for prior years through 1939 also are shown. During the first six months o f 1947, total deposits of member banks in this district declined $104,089,000 to $5,281,884,000, reflecting decreases in deposits of the United States Government, deposits of banks, and “ other deposits.” Partly offsetting the declines in those categories of deposits, however, demand and time deposits of individuals, partner ships, and corporations continued to increase to total $3,648,857,000 and $480,942,000, respectively, on June 30, 1947, as compared with totals of $3,585,888,000 and $464,297,000 six months earlier. Since the end of December 1945 the general trend of deposits of member banks in this district has been unchanged, as demand and time deposits of in dividuals, partnerships, and corporations have continued to increase, while Government and interbank deposits have decreased. Total loans of member banks in the district showed no important change during the six-month period ended June 30, 1947 and totaled $1,319,184,000, or $31,000 more than on December 31, 1946. These latest figures reflect a significant slowing down in the rate of loan expansion which characterized banking developments in the district during 1945 and 1946. Member banks in the district reported holdings of Government securities totaling $2,189,980,000, or a decline of $56,287,000 from the total reported on December 31, 1946. That decline in holdings of Government securities during the first six months o f 1947 reflected largely the effects of continued debt retirement by the Treasury during the period. The amount of obligations of states and political subdivisions and other securities reported by member banks increased slightly, with the consequence that total investments of the member banks of the district on June 30, 1947 were $40,720,000 less than on December 31, 1946. Member banks of the district increased their total capital accounts during the sixmonth period ended June 30, 1947 by $16,037,000, an amount almost twice as large as the increase reported for the preceding six-month period. It is significant that during the past several years of relatively favorable bank earnings member banks of the district have retained a substantial part o f their net profits for capital purposes. 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 IN THE ELEVENTH FEDERAL RESERVE DISTRICT ITEM 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........................................ ...... June 30, 1947 (Preliminary) 605 1,319,184,000 December 31, 1946 (Revised) 595 1,319,153,000 June 29, 1946 (Revised) 589 1,148,996,000 2,189,980,000 2,246,267,000 2,590,122,000 188,273,000 53,574,000 3,751,011,000 3,648,857,000 480,942,000 179,256,000 47,024,000 3,791,700,000 3,585,888,000 464,297,000 145,257,000 45,542,000 3,929,917,000 3,503,173,000 447,441,000 38,560,000 92,087,000 410,940,000 384,810,000 669,827,000 58,888,000 5,281,884,000 308,204,000 1,801,152,000 200,000 — 0— 375,024,000 747,362,000 121,315,000 5,385,973,000 292,167,000 1,851,564,000 — o— 2,000,000 319,111,000 737,767,000 49,428,000 5,467,860,000 283,936,000 1,783,148,000 ---0— — 0— 35.2% 34.8% 29.2% 34.1% 34.4% 32.6% PRINCIPAL ASSET AND LIABILITY ITEMS OF ALL MEMBER BANKS IN THE ELEVENTH FEDERAL RESERVE DISTRICT AS OF JUNE 30 OF EACH YEAR 1939 TO 1947, INCLUSIVE (Thousands of dollars) June 30, Total Deposits 1939 1940 1941 1942 1943 1944 1945 1946* 1947 1,436,977 1,571,489 1,813,657 2,094,757 3,115,118 3,866,006 4,933,955 5,467,860 5,281,884 * Revised. Total Loans 474,688 489,655 569,475 591,477 544,657 741,970 921,048 1,148,996 1,319,184 Total Investments Total Loans and Investments Total U. S. Gov. Secs. Total Capital Accounts 419,029 418,587 482,994 656,032 1,488,739 1,933,527 2,523,365 2,780,921 2,431,827 893,717 908,242 1,052,469 1,247,509 2,033,396 2,675,497 3,444,413 3,929,917 3,751,011 279,998 275,819 332,020 500,034 1,346,185 1,813,127 2,386,686 2,590,122 2,189,980 166,351 173,513 181,719 188,288 195,584 215,327 245,669 283,936 308,204
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