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Federal reserve Bank OF DALLAS Dallas, Texas, August 14,1952 CONDITION OF MEMBER BANKS, JUNE 30,1952 ELEVENTH FEDERAL RESERVE DISTRICT To the Member Banks of the Eleventh Federal Reserve District: The statement of condition of member banks in the Eleventh Federal Reserve District as of June 30, 1952, with comparative figures for March 31, 1952, and June 30, 1951, is presented on the reverse of this letter. These data reflect substantial increases in most major categories of assets and liabilities during the 12 months ended June 30, as well as in the latest reporting period for which figures are available. Total resources of the member banks in the District amounted to $7,915,470,000 on June 30, an increase of $803,378,000, or 11 percent, during the year. The demand for bank credit continued rather strong throughout the first half of 1952. Follow ing an increase in loans to a record total during the first 3 months of the year, member banks reported a further increase of $66,049,000, or 2.6 percent, during the 3 months ended June 30. The latter expansion, which contrasts with a moderate amount of reduction during the comparable period last year, was concentrated largely at the country member banks, with these institutions accounting for about 82 percent of the increase. Loans to farmers rose seasonally at the country banks and constituted the principal source of loan demand, although business loans and consumer-type loans also expanded appreciably. Loan trends at the reserve city banks were marked principally by the reduction of loans to commodity dealers. Reflecting these developments at member banks during the second quarter, loans rose to a new record total of $2,648,482,000 on June 30, with this figure also representing an increase of 9.4 percent during the preceding 12 months. Total investments of the member banks declined $6,490,000 between March 31 and June 30 and on the latter date amounted to $2,680,708,000. The reduction of investments in Government securities more than accounted for the decrease in security holdings and marked a continuation of the downward trend that prevailed in the first 3 months of the year. During the 12 months ended June 30, however, total investments rose $252,392,000, with Government securities accounting for most of the increase. Deposit trends during the second quarter of this year included increases of $67,340,000, or 1.4 percent, in demand deposits of individuals, partnerships, and corporations and $21,409,000, or 3.5 percent, in time deposits of individuals and businesses. The former is in contrast with the reduc tion that occurred during the comparable period last year. Substantial increases in interbank deposits and “ other” deposits were offset in part by the contraction of deposits of states and political subdivisions and of the United States Government. Total deposits rose $140,905,000, or about 2 percent, during the 3 months ended June 30 and on that date amounted to $7,370,169,000, about 5 percent less than the record total reported December 31, 1951. Capital accounts of member banks in the Eleventh District amounted to $505,905,000 on June 30, reflecting an increase of $7,635,000 during the preceding 3 months. This increase of 1.5 percent com pares with the increase of 2.9 percent in the comparable period last year. 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 June 30, 1952p Item Member banks in Eleventh District.___ 683 Loans, including overdrafts___________ 2,648,482,000 U. S. Government obligations, direct and guaranteed_________________________ 2,278,454,000 Obligations of states and political sub divisions___________________________ 332.416.000 D tliP V q p p iit iH pg 69,838,000 TOTAL LOANS AND INVESTMENTS 5.329.190.000 TOTAL ASSETS_____________________ 7.915.470.000 Individual — Demand deposits________ 4.892.093.000 Individual — Time deposits___________ 631.393.000 Deposits of U. S. Government, including postal savings______________________ 209,972,000 Deposits of states and political sub divisions___________________________ 577.385.000 Deposits of banks_____________________ 963.555.000 Other deposits_______________ _____ __ 95,771,000 TOTAL DEPOSITS___________________ 7.370.169.000 505.905.000 TOTAL CAPITAL ACCOUNTS_______ Cash and balances due from banks_____ 2.469.843.000 Borrowings from Federal Reserve Bank 1,000,000 All other borrowings_________________ 132,000 Ratio of loans to total deposits________ 35.9% Ratio of cash and balances due from banks to total deposits______________ 33.5% Ratio of total capital accounts to risk assets (total assets less Government securities and cash assets)_________ 16.0% March 31, 1952* June 30, 1951r 633 2,582,433,000 631 2,420,237,000 2,288,483,000 2,045,383,000 325.879.000 72,836,000 5.269.631.000 7.778.526.000 4.824.753.000 609.984.000 303.106.000 79,827,000 4.848.553.000 7.112.092.000 4.416.912.000 562.300.000 219,754,000 179,261,000 605.621.000 893.048.000 76,104,000 7.229.264.000 498.270.000 2.383.343.000 7,000 35.7% 560.333.000 837.143.000 70,418,000 6.626.367.000 453.235.000 2.168.439.000 2,222,000 494,000 36.5% 33.0% 32.7% 16.0% 15.6% p — Preliminary, r — Revised. PRINCIPAL ASSET AND LIABILITY ITEMS OF MEMBER BANKS, 1940, 1945-1952 ELEVENTH FEDERAL RESERVE DISTRICT (In thousands of dollars) Total Loans and Investments Total U. S. Gov. Secs. Total Capital Accounts 418,587 908,242 275,819 173,513 921,048 2,523,365 3,444,413 2,386,686 245,669 5,467,860 1,148,996 2,780,921 3,929,917 2,590,122 283,936 1947 5,281,219 1,319,387 2,431,713 3,751,100 2,189,857 308,215 1948 5,704,931 1,640,494 2,456,894 4,097,388 2,162,598 333,954 1949 5,639,918 1,738,028 2,375,144 4,113,172 2,068,310 362,342 1950 6,393,189 2,062,161 2,604,037 4,666,198 2,274,896 403,312 1951r 6,626,367 2,420,237 2,428,316 4,848,553 2,045,383 453,235 7,370,169 2,648,482 2,680,708 5,329,190 2,278,454 505,905 June 30 Total Deposits Total Loans 1940 1,571,489 489,655 1945 4,933,955 1946 1952p r — Revised, p — Preliminary. Total Investments
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