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F ed er a l R eser ve Ba nk OF DALLAS Dallas, Texas, August 11, 1953 CONDITION OF MEMBER BANKS, JUNE 30, 1953 ELEVENTH FEDERAL RESERVE DISTRICT To the Member Banks of the Eleventh Federal Reserve District: The consolidated statement of condition of all member banks in the Eleventh Federal Reserve District as of June 30, 1953, with comparative figures for April 20, 1953, and June 30, 1952, is pre sented on the reverse of this letter. These data reflect substantial increases in practically all of the principal categories of assets and liabilities during the 12 months ended June 80. In more recent months (between April 20 and June 30) loans, investments in United States Government securities, and demand deposits of individuals and businesses declined slightly. Loans increased $234,802,000, or nearly 9 percent, between mid-1952 and June 30, 1953, rising to a total of $2,883,371,000. The strong demand for consumer-type credit, particularly at reserve city member banks, was reflected in an increase of $115,936,000, or 18.9 percent, in the category which includes consumer loans. The more notable increases in other categories included $102,349,000, or 7.6 percent, in commercial and industrial loans and $13,043,000, or 9.4 percent, in real estate loans secured by residential properties. Loans to farmers (exclusive of loans guaranteed by the Com modity Credit Corporation) declined $23,549,000, or almost 8 percent. The reduction in loans between April 20 and June 30 — amounting to $7,629,000, or less than one-half of 1 percent — was due prin cipally to seasonal contraction in commodity loans at reserve city member banks and a decrease in CCC loans to farmers at country banks. On June 30, 1953, investments amounted to $2,703,677,000, reflecting an increase of $23,048,000 over holdings as of mid-1952 but a reduction of $12,311,000 from April 20. Investments in United States Government securities declined during both the 12 months and more recent months; in contrast, holdings of the obligations of states and political subdivisions rose in each period. Between June 30, 1952, and June 30, 1953, deposits of individuals and businesses at member banks in the District increased $239,487,000, or 4.3 percent. Fifty-three percent of the expansion represents an increase in time deposits, with the gain in these accounts marking a continuation of the sharply rising trend which began early in 1951. Other deposit trends during the 12 months included increases in deposits of states and political subdivisions and in interbank deposits and a reduction in United States Government deposits. From April 20 to June 30, 1953, demand deposits of individuals and businesses declined $26,215,000, reflecting in part the contraction of loans and an expansion of currency in circulation. Increases occurred in most other principal categories of deposits. On June 30, total deposits amounted to $7,662,272,000, an increase of $292,151,000, or 4 percent, over the year-earlier total. Capital accounts of member banks in the Eleventh District amounted to $550,921,000 on June 30,1953, or 9 percent above June 30, 1952. 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 (Amounts in thousands of dollars) June 30, April 20, June 30, Item 1953P 1953* 1952* Loans, including- overdrafts U. S. Government obligations, direct and guaranteed_________________________ Obligations of states and political subdivisions___________________________ Other securities______________________ 2,883,371 2,891,000 2,648,569 2,271,386 2,287,981 2,278,406 367,265 65,026 5,587,048 2,545,257 8,263,807 5,004,685 758,304 365,596 62,411 5,606,988 2,433,833 8,179,996 5,030,900 724,421 332,384 69,839 5,329,198 2,469,813 7,915,371 4,892,277 631,225 156,559 151,794 210,076 637,482 1,024,551 80,691 7,662,272 550,921 473 279 37.6% 645,423 937,231 86,837 7,576,606 538,276 8,125 — o— 38.2% 577,199 963,570 95,774 7,370,121 505,772 1,000 132 35.9% 33.2% 32.1% 33.5% 16.0% 635 15.6% 634 16.0% 633 TOTAL LOANS AND INVESTMENTS Cash and balances due from banks____ TOTAL ASSETS_______________________ Individual — Demand deposits_________ Individual — Time deposits____________ Deposits of U. S. Government, including postal savings______________________ Deposits of states and political subdivisions____________ ___ __________ Deposits of banks____________________ Other deposits________________________ TOTAL DEPOSITS__________________ TOTAL CAPITAL ACCOUNTS _______ Borrowings from Federal Reserve Bank All other borrowings_________________ Ratio of loans to total deposits________ Ratio of cash and balances due from banks to total deposits_____________ Ratio of total capital accounts to risk assets (total assets less Government securities and cash assets)__________ Number of banks_____________________ p — Prelim inary. r — Revised. PRINCIPAL ASSET AND LIABILITY ITEMS OF MEMBER BANKS, 1940, 1945-1953 ELEVENTH FEDERAL RESERVE DISTRICT (In thousands of dollars) Total Loans June 30 Total Deposits Total Loans Total Investments 1940 1945 1946 1947 1948 1949 1950 1951 1952r 1953p 1,571,489 4,933,955 5,467,860 5,281,219 5,704,931 5,639,918 6,393,189 6,626,367 7,370,121 7,662,272 489,655 921,048 1,148,996 1,319,387 1,640,494 1,738,028 2,062,161 2,420,237 2,648,569 2,883,371 418,587 2,523,365 2,780,921 2,431,713 2,456,894 2,375,144 2,604,037 2,428,316 2,680,629 2,703,677 r — Revised, p — Prelim inary. Investments Total U. S. Gov. Secs. Total Capital Accounts 908,242 3,444,413 3,929,917 3,751,100 4,097,388 4,113,172 4,666,198 4,848,553 5,329,198 5,587,048 275,819 2,386,686 2,590,122 2,189,857 2,162,598 2,068,310 2,274,896 2,045,383 2,278,406 2,271,386 173,513 245,669 283,936 308,215 333,954 362,342 403,312 453,235 505,772 550,921 and
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