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F ederal Reserv e

Bank

O F DA LLAS

Dallas, Texas, May 20, 1952

C O N D IT IO N OF MEMBER BANKS, M ARCH 31,1 9 52
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
March 31, 1952, with comparative figures for April 9 and December 31, 1951, is presented on the
reverse of this letter. These figures reflect a substantial expansion in most major categories of
assets and liabilities between April 9, 1951, and March 31, 1952, but during the first 3 months of
1952, total resources, investments in United States Government securities, cash and balances,
and deposits declined. On March 31, total resources of the member banks in the District amounted
to $7,778,617,000, reflecting an increase of 10 percent during the preceding 12 months but a decrease
of $488,820,000 during the first quarter of 1952.
Between December 31, 1951, and March 31, 1952, member bank loans rose $11,946,000 to a
record total of $2,582,375,000. This increase compares with the expansion of $24,408,000 during
the comparable period last year. The trend of loans during the first 3 months of 1952 was dom­
inated by the seasonal expansion of loans to farmers at the country banks and a smaller increase
in consumer-type loans of these banks. Loans of the reserve city banks declined, reflecting prin­
cipally the seasonal reduction in business loans to commodity dealers. The rather sharp decrease
in this type of lending was offset somewhat, however, by a sustained increase in loans to finance
defense and defense-related production.
Total investments of the member banks declined $81,493,060, or about 3 percent, during the
first 3 months of 1952 and on March 31 amounted to $2,687,187,000. Holdings of Government secu­
rities declined $74,354,000, with reserve city banks accounting for most of the reduction. On March
31, investments in Government securities constituted 43 percent of total loans and investments
of the member banks.
The contraction in total deposits of member banks in the District was somewhat more mod­
erate in the first 3 months of 1952 than during the comparable months of 1951. During the first
quarter of this year, total deposits of member banks declined $513,470,000, or somewhat less than
7 percent, as compared with $605,792,000, or more than 8 percent, last year. Although demand
deposits of individuals and businesses were reduced sharply as a result of the large corporate and
individual income tax payments during the first quarter of 1952, the decrease in this category of
deposits was notably less than last year— somewhat less than 5 percent as compared with almost
6 percent. Moreover, the contraction in interbank deposits, although amounting to more than
25 percent, was less than the percentage decrease in the first quarter of 1951. The continued rela­
tive stability of employment, production, and business at high levels and the greater lag in the
collection of income taxes in March contributed to the more favorable trend of deposits this year.
In addition to reducing investments in Government securities in order to meet deposit with­
drawals, member banks drew down their cash and balances in the amount of $416,038,000, or almost
15 percent. On March 31, cash and balances amounted to $2,383,410,000.
Total capital accounts of member banks in the Eleventh Federal Reserve District amounted
to $498,283,000 on March 31, 1952, which reflects an increase of $57,661,000, or 13 percent, over
the figure reported April 9, 1951.
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

March 31,
1952P

Item

Member banks in Eleventh District____
Loans, including overdrafts____________
U. S. Government obligations, direct and
guaranteed_________________________
Obligations of states and political sub­
divisions___________________________
O 'f V l P T * Q P P 1 1 T * f f " l P lQ

TOTAL LOAN S AND IN VESTMENTS
TOTAL ASSETS________ _____________
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 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)__________

December 31,
1951r

April 9,
1951r

633
2 ,5 8 2 ,3 7 5 ,0 0 0

633
2,5 7 0 ,4 2 9 ,0 0 0

630
2,4 3 0 ,5 9 6 ,0 0 0

2 ,2 8 8 ,5 2 7 ,0 0 0

2 ,3 6 2 ,8 8 1 ,0 0 0

2,0 5 5 ,8 5 3 ,0 0 0

325 .8 6 7 .0 0 0
7 2 ,7 9 3 ,0 0 0
5.269 .5 6 2 .0 0 0
7 .7 7 8 .6 1 7 .0 0 0
4 .8 2 4 .7 5 6 .0 0 0
6 1 0 .051.000

3 2 5 .4 9 8 .0 0 0
80,3 0 1 ,0 0 0
5.3 3 9 .1 0 9 .0 0 0
8.2 6 7 .4 3 7 .0 0 0
5.060 .1 4 1 .0 0 0
591.3 1 6 .0 0 0

297.846.000
80,100,000
4.8 6 4 .3 9 5 .0 0 0
7.0 7 1 .8 1 0 .0 0 0
4 .4 2 7.642.000
545.737.000

2 1 9 ,7 6 5 ,0 0 0

1 2 8 ,9 40,000

194,778,000

6 0 5 .5 41.000
893 .1 1 4 .0 0 0
7 6 ,1 0 1 ,0 0 0
7 .2 2 9 .3 2 8 .0 0 0
4 9 8 .283.000
2 .3 8 3 .4 1 0 .0 0 0
7,0 0 0
3 5 .7 %

5 8 8 .8 36.000
1.2 1 9 .3 2 6 .0 0 0
154.239.000
7 .7 4 2 .7 9 8 .0 0 0
4 6 4 .0 2 7 .0 0 0
2.7 9 9 .4 4 8 .0 0 0
— o—
14,000
3 3 .2 %

595.361.000
761.192.000
67,965,000
6.5 9 2 .6 7 5 .0 0 0
4 4 0 .622.000
2.1 0 2 .9 8 7 .0 0 0
160,000
870,000
3 6 .9 %

3 3 .0 %

3 6 .2 %

3 1 .9 %

1 6 .0 %

1 4 .9 %

1 5 .1 %

p-—Preliminary,
r— Revised.

PRINCIPAL ASSET AND LIABILITY ITEMS OF 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,
1949
April 24,
1950
April 9,
195 l r
March 31,
1952p

Total
Deposits

Total
Loans

Total
Investments

Total Loans
and
Investments

Total U. S.
Gov. Secs.

Total
Capital
Accounts

1,392,296

4 6 2 ,5 5 5

426,652

889,207

297,873

163,924

1,566,740

48 1 ,6 1 2

4 2 9,947

911,559

286,077

170,637

1,770,340

578,611

460,481

1,039,092

3 08,359

179,633

2 ,008,777

644,140

559,171

1,203,311

397,105

187,163

3 ,6 2 6 ,9 1 0

672,662

1,849,078

2 ,521,740

1,722,605

210,584

4,48 4 ,2 4 6

815 ,7 9 4

2 ,331,123

3,14 6 ,9 1 7

2 ,202,830

239,085

5,595,769

1,62 5 ,0 1 5

2,45 4 ,1 6 8

4,07 9 ,1 8 3

2 ,163,177

336,341

5,672,188

1,779,887

2 ,344,376

4,1 2 4 ,2 6 3

2,03 6 ,6 7 6

358,495

6,190,885

2 ,0 3 9 ,1 7 5

2,57 9 ,3 0 6

4,61 8 ,4 8 1

2 ,261,143

389,547

6,592,675

2 ,4 3 0 ,5 9 6

2,433,799

4,86 4 ,3 9 5

2,055,853

4 40,622

7,22 9 ,3 2 8

2 ,5 8 2 ,3 7 5

2 ,6 87,187

5,269,562

2 ,288,527

498,283

r— Revised,
p— Preliminary.


Federal Reserve Bank of St. Louis, One Federal Reserve Bank Plaza, St. Louis, MO 63102