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F e d e r a l r e s e r v e Ba n k O F DALLAS Dallas, Texas, November 12, 1954 C O N D IT IO N OF MEMBER BANKS, OCTOBER 7, 1954 ELEVENTH FEDERAL RESERVE DISTRICT To the Member Banks in the Eleventh Federal Reserve District: On October 7, 1954, total assets of member banks in the Eleventh Federal Reserve District amounted to $9,036,890,000, or $819,951,000 above the level on September 30, 1953, and only slightly below the all-time peak o f $9,184,766,000 established on December 31, 1953. As is shown in the data on the reverse o f this letter, substantial increases were registered over the 12 months preceding October 7 in loans and investments, total deposits, and capital accounts. On October 7, total loans and investments, as well as total capital accounts, were at record levels. Considerable expansion in total assets also occurred between June 30 and October 7 of this year in spite o f a decline in loans and a decrease in cash and balances due from banks. Although loans of member banks in this District receded slightly from the record level reached on June 30, the total of $3,116,784,000 was $225,160,000 greater than the existing amount on Sep tember 30, 1953. The decrease in loans o f $74,151,000 since June 30 was more than accounted for by the decline o f $221,416,000 in agricultural loans, most o f which resulted from retirement of loans fully guaranteed by the Commodity Credit Corporation. In spite of the reduction that has occurred since June 30, loans to farmers on October 7 were still $6,392,000 above the year-earlier level. The 12-month increase in loans was heavily weighted by a rise of $129,489,000 in commercial and industrial loans, while lesser increases were realized in loans secured by real estate, loans to consumers, and other categories. Although substantial, the increase in loans o f member banks since September 30, 1953, was exceeded by the gain in investments, which rose by $397,480,000 to a new high of $3,177,564,000. Most of the expansion arose from purchases of Government obligations, holdings o f which increased by $331,322,000 during the period. Purchases of Government securities were particularly heavy in the 3 months prior to October 7, primarily as a result of the reduction in member bank reserve requirements effective in July and August o f this year. Deposits o f member banks in this District increased $123,310,000 above the level o f June 30 and $767,287,000 above the year-earlier figure to a total of $8,350,826,000 — only slightly below the all-time peak of $8,556,257,000 reached on December 31, 1953. Of the increase registered during the 12 months preceding October 7, over half resulted from an expansion in demand and time deposits o f individuals and businesses and about one-third o f the increase arose from larger inter bank deposits. Total capital accounts of member banks rose $52,385,000 in the period from September 30, 1953, to October 7, 1954, to a record level of $617,168,000. Over one-half o f the increase — or $29,548,000 — occurred between June 30 and October 7 of this year. 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 o f dollars) Item October 7, 1954 Loans, including overdrafts________________ U. S. Government obligations, direct and guaranteed__________________________ Obligations o f states and political subdivisions _____________________________ 3,116,784 3,190,935 2,891,624 2,668,848 2,384,203 2,337,526 410,687 98,029 6,294,348 2,578,221 9,036,890 5,297,359 913,834 387,833 80,566 5,993,537 2,722,498 8,863,934 5,181,188 880,632 372,467 70,091 5,671,708 2,408,486 8,216,939 5,022,024 768,533 260,484 604,481 1,201,853 72,815 8,350,826 617,168 239 250 37.3% 215,964 666,340 1,198,618 84,774 8,227,516 587,620 449 0 38.8% 185,129 593,907 940,930 73,016 7,583,539 564,783 13,740 1,064 38.1% 30.9% 33.1% 31.8% 16.3% 636 15.4% 637 16.3% 635 O t l i p r c iP P iiv it iV t ! TOTAL LOAN S A N DITsVESTMENTS Cash and balances due from banks__________ TOTAL ASSETS __________________________ Individual — Demand deposits_____________ Individual — Time deposits_________________ Deposits o f U. S. Government, including postal sa v in g s___________________________ Deposits o f states and political subdivisions.. Deposits o f banks__________________________ Other d eposits_____________________________ TOTAL DEPOSITS _______________________ TOTAL CAPITAL ACCOUNTS____________ Borrowings from Federal Reserve Bank.......... All other borrowings_______________________ Ratio o f loans to total deposits_____________ Ratio of cash and balances due from banks to total deposits__________________________ Ratio o f total capital accounts to risk assets (total assets less Government securities and cash assets) _________________________ Number o f banks___________________________ June 30, 1954r September 30, 1953r r — Revised. PRINCIPAL ASSETS AND LIABILITY ITEMS OF MEMBER BANKS AS OF SELECTED CALL DATES ELEVENTH FEDERAL RESERVE DISTRICT (In thousands of dollars) Date October 4, 1950 October 10, 1951 September 5, 1952 September 30, 1953r October 7, 1954 r — Revised. Total Deposits Total Loans Total Investments Total Loans and Investments Total U . S. Gov. Secs. Total Capital Accounts 6,378,520 2,219,433 2,559,614 4,779,047 2,200,162 422,273 6,996,406 2,448,767 2,583,641 5,032,408 2,183,366 467,185 7,384,128 2,726,099 2,741,359 5,467,458 2,330,328 517,357 7,583,539 2,891,624 2,780,084 5,671,708 2,337,526 564,783 8,350,826 3,116,784 3,177,564 6,294,348 2,668,848 617,168
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