Full text of Federal Reserve Bulletin : November 1959
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FEDERAL RESERVE
BULLETIN
November
BOARD OF GOVERNORS
OF THE FEDERAL RESERVE SYSTEM
ASHING'tON
E D I T O R I A L
C O M M I T T E E
Winfield W. Riefler
Woodlief Thomas
Charles Molony
Ralph A. Young
Susan S. Burr
The Federal Reserve BULLETIN is issued monthly under the direction of the staff editorial
committee.
This committee is responsible for opinions expressed, except in official state-
ments and signed articles.
Contents
I
Economic Activity in Late 1959
1347
|
Law Department
1353
Current Events and Announcements
1356
National Summary of Business Conditions
1357
|i
Financial and Business Statistics, U. S. (Contents on p. 1359)
1361
|
International Financial Statistics (Contents on p. 1425)
1426
;
Board of Governors and Staff
1443
j
Open Market Committee and Staff; Federal Advisory Council
1444
i;
Federal Reserve Banks and Branches
1444
l
j
Federal Reserve Board Publications
1446
j
Index to Statistical Tables
1448
j
Map of Federal Reserve System
Inside back cover
Volume 4£ • Number n
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ECONOMIC ACTIVITY is recovering from
the contraction caused by the steel strike.
Operations were resumed at major steel
plants on November 7 following the longest
steel work stoppage on record. Steel production is increasing rapidly but it will
take some time to rebuild depleted inventories.
Through September, activity was maintained in most metal-fabricating lines,
mainly by drawing on large steel stocks
accumulated earlier, and employment and
income curtailments were confined for the
most part to the industries involved in the
strike.
Beginning in October, secondary effects
spread more widely and by early November
the total number out of work because of
the direct and indirect effects of the steel
strike approached one million. The automobile industry has been seriously affected
by steel shortages. By mid-October, the
seasonally adjusted unemployment rate,
which excludes most persons on strike, had
risen to 6 per cent of the labor force. It
had been slightly under 5 per cent before
the strike.
Gross national product declined $6 billion, or 1.2 per cent, in the third quarter
to a seasonally adjusted annual rate of
$478.6 billion, reflecting mainly the shift
from building up to drawing down of steel
stocks. Total business inventories declined
at an annual rate of $1 billion during the
quarter, in contrast with an increase at a
rate exceeding $10 billion in the second
quarter.
GROSS NATIONAL PRODUCT
Billions
of
dollars,
annual
rotes
soo
CUI«EN1 DOLLARS
TOTAL
^T
1954 DOLLARS
CONSUMER
1
I
I
I
—
__—"
1
'
200
ISO
GOVERNMENT
•
-
».
1
1953
100
1
1
1955
1
1
50
1
1959
NOTE.—Department of Commerce quarterly estimates,
adjusted for seasonal variation. Investment includes gross
private domestic investment and net exports of goods and
services.
Fixed investment outlays by business continued to rise, although steel shortages
affected some producers' equipment and
construction projects. Residential construction activity, which had been at a record
level in the spring, declined moderately in
the third quarter. Mortgage lending, however, continued in large volume and pressures on mortgage markets increased.
Total consumer expenditures rose further in the third quarter, but at a reduced
rate. State and local government outlays
also increased, while Federal Government
purchases of goods and services changed
little. Exports continued the recovery that
1347
1348
FEDERAL RESERVE BULLETIN • NOVEMBER 1959
began in the second quarter; the recent increase has reflected for the most part mounting economic expansion abroad. Imports
increased much less than in preceding
quarters.
Before the strike, economic activity had
been expanding rapidly. From the recession low in early 1958, gross national
product had risen 12 per cent before allowance for price increases, and 10 per cent
after such allowance. The gain in economic
activity on either basis was about as large
and as widespread as in the corresponding
phase of the 1954-55 cyclical recovery.
Wholesale prices have risen less while
consumer prices have risen more in this
cyclical recovery period than at the corresponding stage of the business upturn beginning in 1954. Consumer prices have moved
up to new highs. Retail food prices generally have tended downward this year, but
prices of other commodities have edged
persistently upward. Prices of services have
resumed a rapid rate of increase, following
some slackening in 1958.
of the postwar period, and the rate of accumulation in second quarter 1959 was
unprecedented except for the early Korean
War period. The shift accounted for $18
billion, or one-third of the total rise in gross
national product. In the third quarter,
nonfarm business inventories declined moderately. Steel strike influences contributed
to the rapid inventory increase in the second
quarter, and have dominated
recent
changes.
The recession decline in fixed business
investment in 1957-58 was the largest since
World War II, and recovery during 1958-59
—while generally strong—has not quite
matched that at the corresponding cyclical
periods in 1955 and 1950. Equipment outlays have risen nearly as rapidly as earlier,
but construction has lagged, as may be seen
in the upper chart on the opposite page.
These developments have reflected in part
larger margins of capacity relative to output in a number of lines than in 1955 or
1950.
Corporate profits rose from recession
lows to record rates by the second quarter
of 1959. Higher profits reflected increased
sales and lower labor costs per unit of out-
BUSINESS INVESTMENT
The rate of liquidation of nonfarm business
inventories in early 1958 was the highest
SELECTED BUSINESS INDEXES
1947-49=100.
monthly
140
NON AGRICULTURAL
EMPLOYMENT
140
PRICES
NONMANUFACTURING
INDUSTRIAL
w l> o 11- i u 1 c
120
f
-
/ ' "
120
CONSUMER
100
100
. . 1 1 1
19S3
1955
1957
1959
1953
1955
NOTE.—Seasonally adjusted series, except for prices.
Bureau of Labor Statistics data for employment and prices,
and Federal Reserve data for production. Industrial prices
1957
1959
1953
1955
I
I
1957
I
.
1959
are wholesale prices of all commodities other than farm
products and foods. Latest figures shown are for October,
for which consumer prices were estimated by Federal Reserve.
1349
ECONOMIC ACTIVITY IN LATE 1959
BUSINESS INVESTMENT
Billions ol dollon. onnuol rol
30
PRODUCERS
(QUIPMiNl
20
NONRESIDENTIAL
CONSTRUCTION
I
I
10
INVENTORY CHANCE
10
ill
iL
10
19S5
19S7
by manufacturers of durable goods. Inventories of durable goods held by wholesale and retail distributors as well as by
manufacturers increased rapidly, with automotive dealers accounting for a large part
of the rise. Stocks of new domestic autos
reached a new high of nearly one million
cars in July.
With the onset of the steel strike in midJuly, durable goods inventories began to
decline, both at manufacturers and distributors, as shown in the chart below. From
the end of July to the end of September,
liquidation of inventories held by manufacturers of durable goods was at an
annual rate of $7 billion. The bulk of this
decline reflected the run-off of steel stocks,
and this run-off continued in October
and November. In line with this development, part of the decline was also accounted
NOTE.—Department of Commerce
quarterly
estimates,
adjusted for seasonal variation.
Construction includes all
private nonresidential construction.
put. Profits fell considerably in the third
quarter, mainly in steel and related industries.
Inventories. Despite rapid recovery in
production after April 1958, nonfarm business inventories continued to decline until
the closing months of the year. Durable
goods inventories began to rise in late 1958
and increased sharply up to the beginning
of the steel strike. Moderate accumulation
of inventories of nondurable goods began
in the spring of 1959.
Inventory requirements accompanying
expanding sales by manufacturers of durable goods were reinforced in the first half
of 1959 by large accumulation of steel
and some other materials in anticipation
of strikes or higher prices. During
this period inventories of purchased materials accounted for four-fifths of the total
increase in book value of inventories held
BUSINESS SALES AND INVENTORIES
1957= 100
12O
DURAILI GOODS
too
NONDURAILE
GOODS
IOO
INVENTORIES
•O
195S
1957
NOTE.—Based on Department of Commerce monthly figures
on value of sales and book value of inventories for manufacturers and distributors, adjusted for seasonal variation. Latest
figures shown are for September.
1350
FEDERAL RESERVE BULLETIN • NOVEMBER 1959
for by steel warehouses and by automotive
dealers.
Fixed investment. Business fixed capital
outlays turned up in late 1958, and this
year the Commerce-SEC quarterly surveys
have indicated a progressive strengthening
of business fixed investment intentions.
Thus, the first estimates of total nonfarm
business outlays for new plant and equipment for 1959 as a whole—obtained in
the March survey—indicated a 4 per cent
rise from the sharply reduced 1958 level.
In the September survey, a rise of 9 per cent
was indicated, but this now appears higher
than can be achieved, owing to metal
shortages. The bulk of the increase in
total outlays this year has reflected purchases of new equipment, as indicated in
the upper chart on the preceding page.
Increases in fixed investment spending
have been widespread among major industries except public utilities, which since
early 1958 have held at levels above any
year before 1957. Expenditures by transportation and commercial companies have
shown large increases. Manufacturers have
increased their outlays for equipment much
more than their outlays for plant construction and have placed greater emphasis on
replacement and modernization than on
construction of new plants.
Recent trade reports and new orders for
machinery suggest further increases in
spending for fixed capital in 1960. According to the McGraw-Hill autumn survey, released on November 13, total spending for
plant and equipment by nonfarm businesses
in 1960 is expected to be 10 per cent higher
than this year's outlays. Most major industry groups are planning increases next
year, with manufacturers showing the
largest gain—19 per cent.
PERSONAL INCOME
Growth in personal income and in total consumption expenditures has been sustained
throughout the period since World War II.
Declines in recession have been small, and
prompt cyclical recovery has shaded quickly
into vigorous expansion.
Personal income increased rapidly
through June of this year. In that month,
personal income was at a record level, 8
per cent above the pre-recession peak in
mid-1957. Between June and October,
personal income declined slightly, for the
most part because of reduced wage and
salary disbursements in the steel and related industries and a continuing decline
in income of farm proprietors. Other types
of personal income changed little or continued to rise.
Wage and salary payments, which acPERSONAL INCOME
Billion s o( dollars , a n n u a l
I
1
|
rates
1
1
1
CURRENT DOLLARS
/
-
1954 DOLLARS
-
300
/
1
1
1
!
|
1
_.
1955
NOTE.—Based on Department of Commerce monthly figures,
adjusted for seasonal variation, and figures in 1954 dollars estimated by Federal Reserve on basis of consumer price index.
Latest figures shown, estimated by Federal Reserve, are for
October.
1351
ECONOMIC ACTIVITY IN LATE 1959
count for two-thirds of total personal income, increased 12 per cent from early
1958 to June 1959. The rise reflected substantial gains in length of the workweek,
employment, and rates of pay. Business
and professional incomes and interest and
dividends also advanced over that period.
Transfer payments, which rose sharply
during the recession and early recovery period, have been stable since late 1958, at
a level slightly below their peak. Unemployment compensation payments were declining up to this summer as economic
activity expanded, but in September and
October they increased as a result of layoffs
associated with the steel strike. Meanwhile, payments under the Old Age and
Survivors Insurance Program have increased further this year as a result of continued growth in the number of beneficiaries
and a rise in average benefit payments, effective last January.
In contrast with strength, or stability,
in most other major income components, income of farm proprietors has been declining
steadily and is running about one-sixth
below a year earlier and about the same as
in 1957. The decline represents reduced
receipts from marketings, mainly because
of lower prices, a sizable drop in Government payments resulting from termination of the Acreage Reserve of the Soil
Bank, and increased production costs.
CONSUMER EXPENDITURES
From the recession low early in 1958
through the second quarter of 1959, personal consumption expenditures increased
$24 billion, annual rate, or 8 per cent, in
line with a similar relative gain in disposable
income. In constant dollars, total takings
were 5.5 per cent above the high in
the preceding cycle reached in the third
CONSUMER EXPENDITURES
Billions of
dollars, annual
rales
50
120
SERVICES
OTHER
NONDURABLE
_
GOODS
40
110
30
100
CLOTHING
AND SHOES
_
20
90
_
HOUSEHOLD AND "
OTHER DURABLES
FOOD AND
BEVERAGES
80
20
70
1957
30
AUTOMOBILES
AND PARTS
1959
NOTE.—Department of Commerce
adjusted for seasonal variation.
1957
quarterly
10
1959
estimates,
quarter of 1957. Population increased
about 3 per cent over this period, and per
capita real takings increased 2.5 per cent.
Retail sales reached a new high in July
and then declined 3 per cent between July
and September. For the third quarter as
a whole, consumer expenditures for goods
were about unchanged from the second
quarter level, while expenditures for services continued to advance. In October,
total retail sales increased, with auto sales
up substantially and most other sales little
changed from September.
Durable goods. Spending for durable
goods, in line with usual cyclical experience,
has made a substantial recovery, increasing
nearly one-fifth from the recession low in
early 1958. Accompanying the prompt and
strong revival in new residential construction, consumer spending for household
durable goods turned up beginning in mid1958.
Recovery in auto sales began in
late 1958, and in the second and third quarters of 1959 sales of new autos were at
1352
FEDERAL RESERVE BULLETIN . NOVEMBER 1959
the highest rate since the end of 1955. In
October, when 1960 models were introduced and supply shortages appeared imminent, sales advanced to an exceptionally
high level. For the first time in six years,
new auto models were introduced at about
the same list prices as those on outgoing
models.
Sales of imported cars have continued
their rapid growth and in the first nine
months of the year were at an annual rate
of 600,000. Depending on supply availability through the remainder of 1959, total
sales of new domestic and imported autos
for the year as a whole may reach 6.3
million, compared with 4.7 million in 1958
and a record 7.5 million in 1955.
Increased consumer spending for household durable goods and autos this year has
been accompanied by a substantial rise in
instalment credit outstanding, following
declines during most of 1958. The monthly
increases since May, in dollar amount,
have approximated the advanced rates in
1955, although in percentage terms they
have been somewhat lower.
Nondurable goods and services. Consumer
expenditures for nondurable goods declined
less than one per cent during the 1957-58
recession and expanded rapidly in the
period of cyclical recovery and expansion.
Spending increased for all major types of
nondurable goods through the second
quarter of this year. Reflecting a large
rise in physical volume and somewhat
higher prices, outlays for clothing and shoes
were up 10 per cent. Food expenditures
increased 5 per cent. In the third quarter,
spending for food and clothing changed
little and changes for other nondurable
goods were relatively small and offsetting.
Consumer expenditures for services have
continued the rise that has prevailed
since World War II. This year's increase
has been at a more rapid rate than that
in 1958, reflecting mainly larger price increases for personal and recreation services
and for hospital and surgical care.
GOVERNMENT
EXPENDITURES
State and local government purchases of
goods and services have been rising since
World War II with little or no interruption
during periods of business recession. Much
of the increase has been in compensation
of employees and has stemmed from increased employment and higher rates of
pay. Larger outlays for construction of
schools and of highways, financed partly
with grants-in-aid from the Federal Government, have contributed to the steady
growth in total outlays. Transfer payments
by State and local governments, mainly for
pensions and public assistance, and interest
payments have also risen.
Federal Government purchases of goods
and services have changed little thus far
in calendar year 1959, following a sizable
advance last year. Outlays for national defense have been relatively stable, while
nondefense outlays have declined, particularly for agricultural programs.
Law Department
Administrative interpretations, new regulations, and similar material
Amendment to Regulation R
The Board of Governors of the Federal Reserve System, effective October 23, 1959, amended
Section 2 of Regulation R, relating to relationships with dealers in securities under Section 32
of the Banking Act of 1933, so as to add the
obligations of the Central Bank for Cooperatives,
the Federal Home Loan Banks, and the Federal
National Mortgage Association to the list of obligations of Federal agencies now named in this
section of the Regulation which exempts relationships of officers, directors, or employees of member banks of the Federal Reserve System with
firms dealing only in certain types of obligations.
The provision of the Regulation as amended is as
follows:
Any officer, director, or employee of any corporation or unincorporated association, any partner or
employee of any partnership, or any individual, not
engaged in the issue, flotation, underwriting, public
sale, or distribution, at wholesale or retail, or through
syndicate participation, of any stocks, bonds, or other
similar securities except bonds, notes, certificates of
indebtedness, and Treasury bills of the United States,
obligations fully guaranteed both as to principal and
interest by the United States, obligations of Federal
Intermediate Credit banks, Federal Land banks, Central Bank for Cooperatives, Federal Home Loan
banks, and the Federal National Mortgage Association, and general obligations of Territories, dependencies and insular possessions of the United States,
may be at the same time an officer, director, or employee of any member bank of the Federal Reserve
System, except when otherwise prohibited.
Order Under Section 3 of Bank Holding
Company Act
The Board of Governors of the Federal Reserve System on November 5, 1959, issued an
Order with respect to applications by two holding
companies, pursuant to Section 3(a) (2) of the
Bank Holding Company Act of 1956, for approval of the acquisition of voting shares of a
bank. The Board's Order and accompanying
Statement read as follows:
THE ATLANTIC NATIONAL BANK OF
JACKSONVILLE AND ATLANTIC
TRUST COMPANY
In the Matter of the Applications of The Atlantic
National Bank of Jacksonville and Atlantic Trust
Company for prior approval of acquisition of
voting shares of Southside Atlantic Bank, Jacksonville, Florida
ORDER APPROVING APPLICATIONS UNDER
BANK HOLDING COMPANY ACT
There having come before the Board of Governors pursuant to Section 3(a)(2) of the Bank
Holding Company Act of 1956 (12 USC 1843)
and Section 4(a)(2) of the Board's Regulation Y
(12 CFR 222.4(a)(2)), applications on behalf of
The Atlantic National Bank of Jacksonville and
the Atlantic Trust Company, whose respective
principal offices are in Jacksonville, Florida, for
the Board's prior approval of the acquisition of
up to 94.75 per cent of the outstanding voting
shares of a proposed bank, the Southside Atlantic
Bank, Jacksonville, Florida; a Notice of Tentative
Decision referring to a Tentative Statement on
said applications having been published in the
Federal Register on October 16, 1959 (24 FR
8423); said Notice having provided interested
persons an opportunity, before issuance of the
Board's final order, to file objections to or comments upon the facts stated and the reasons indicated in the Tentative Statement; and the time
for filing such objections and comments having
expired and comments received having been duly
considered;
IT IS HEREBY ORDERED, for the reasons set forth
in the Board's Statement of this date, that the said
applications be and hereby are granted, and the
acquisition by The Atlantic National Bank of
Jacksonville and the Atlantic Trust Company of
up to 94.75 per cent of the outstanding voting
shares of the proposed bank, the Southside Atlantic Bank, Jacksonville, Florida, is hereby approved, provided that such acquisition is completed within three months from the date hereof.
Dated at Washington, D. C, this 5th day of
November, 1959.
By order of the Board of Governors.
Voting for this action: Vice Chairman Balderston
1353
1354
FEDERAL RESERVE BULLETIN • NOVEMBER 1959
and Governors Szymczak, Mills, Robertson, Shepardson and King. Absent and not voting: Chairman
Martin.
(Signed) MERRITT SHERMAN
Secretary.
(SEAL)
STATEMENT
The Atlantic National Bank of Jacksonville
("National") and the Atlantic Trust Company
("Atlantic"), both of Jacksonville, Florida, at
times hereinafter referred to as "Applicants," have
applied, pursuant to Section 3(a)(2) of the Bank
Holding Company Act of 1956 ("the Act"), for
the Board's prior approval of the acquisition of
up to 37,900 of the 40,000 voting shares of a
proposed new bank, Southside Atlantic Bank,
Jacksonville, Florida ("Southside"). Both National and Atlantic are bank holding companies
under the Act since Atlantic (which is not itself a
bank) directly owns a controlling interest in 7
banks and all of Atlantic's outstanding stock is
held by trustees for the benefit of the stockholders
of National.
Views and recommendations of the Commissioner of Banking and the Comptroller of the
Currency.—One of the Applicants is a national
bank and the proposed bank is to be a Florida
State bank. Accordingly, as required by Section
3(b) of the Act, the Board gave notice of the
applications to the Comptroller of the Currency
and to the Commissioner of Banking for the State
of Florida. The Comptroller advised that careful
consideration had been given this proposal in the
light of the five factors set forth in Section 3(c)
of the Act and he recommended the Board's
approval of these applications. The Commissioner
advised that the proposal met with his approval
and he also recommended approval by the Board.
Statutory factors.—Section 3(c) of the Act requires the Board to take into consideration the
following five factors: (1) the financial history
and condition of the holding companies and the
bank concerned; (2) their prospects; (3) the
character of their management; (4) the convenience, needs, and welfare of the communities and
the area concerned; and (5) whether or not the
effect of the acquisition would be to expand the
size or extent of the bank holding company system
involved beyond limits consistent with adequate
and sound banking, the public interest, and the
preservation of competition in the field of banking.
Discussion.—Applicants operate 8 banks (including National) in 6 counties of the State of
Florida, with aggregate deposits of $324,602,000.
As of December 31, 1958, these banks represented
2.9 per cent of the total number, and held 7.2
per cent of the total deposits, of all banks in
Florida. Applicants presently have 3 banks in
Duval County (in which Jacksonville is located)
and one bank in each of 5 other counties, none
of which immediately adjoins Duval County. As
of June 10, 1959, there were 15 banks operating
in Duval County with total deposits of $604,389,000, of which Applicants' banks held $210,075,000 or 34.8 per cent.
Although the proposed site of Southside is referred to as being in Jacksonville, it is actually
about one-half mile south of the city limits of
Jacksonville, at the intersection of Emerson
Avenue and Phillips Highway, in an area designated as South Jacksonville. This area extends approximately 10 miles south and east of the downtown section of Jacksonville. The population of
Jacksonville as of January 1, 1959, has been estimated at approximately 235,000. An analysis of
relative growth shows that the population increase
in the city of Jacksonville has been at a much
slower pace than the growth elsewhere within
Duval County.
It appears that Southside's primary service area
would encompass a major portion of South Jacksonville, extending from the proposed location of
Southside approximately two miles to the St. Johns
River to the north, northwest, and southwest; beyond and somewhat parallel to U. S. Highway 90
to the northeast; and about four to seven miles to
the south and southeast. This area has an estimated population of between 15,000 and 20,000,
and presently no bank is located therein. Two
banks not connected with bank holding companies are located, respectively, about 2 miles and
3.5 miles to the northwest of Southside's proposed
site. The facts indicate that the over-all growth
and development in the South Jacksonville area
in the recent past has been greater in the designated primary service area of Southside than in
the remaining portion of South Jacksonville, and
the primary service area should enjoy a major
share of South Jacksonville's future growth.
With respect to the statutory factors that the
Board must consider in passing upon this application, it appears that the condition and prospects
LAW DEPARTMENT
of the holding companies are good and that their
managements are competent, and that Southside's
prospects would also be favorable and its management competent. The facts support the conclusion that establishment and operation of the bank
would contribute materially to the convenience of
present and future businesses and residents of the
portion of South Jacksonville to be served by the
new bank, especially in view of anticipated continued growth in that area.
It remains to be considered whether the proposed acquisition would expand the size or extent
of the holding company system beyond limits consistent with adequate and sound banking, the
public interest, and preservation of competition
in the field of banking.
The proposed acquisition would not significantly increase Applicants' percentages of control
of banking offices or deposits within the State of
Florida. It would cause Applicants to control 4
of 16 banks in Duval County and 4 of 15 banks
in the Jacksonville area. According to Applicants'
estimate of Southside's deposits at the end of its
first year of operation, an estimate that appears
reasonable in the judgment of the Board, the
acquisition would result in an increase in Applicants' percentage of control of total deposits of
banks from 34.8 per cent to 35.1 per cent in
Duval County and from 35.1 per cent to 35.5
per cent in the Jacksonville area; and it would
cause Applicants to control one of 3 banks in the
South Jacksonville area, with approximately 7
per cent of the total deposits of these 3 banks.
Applicants' present 3 banks in Duval County
are located, respectively, 3.8, 4.9, and 9.5 miles
from the site of the proposed new bank. The
nearest of these banks, and by far the largest, is
located in the downtown section of Jacksonville
and is in competition with 4 other downtown
banks, 2 of which are large banks.
1355
On the basis of these facts, it does not appear
that the proposed transaction would result in undue concentration of control of banking resources
by the Applicants in the relevant areas indicated
above.
The proposed transaction would not, in the
Board's judgment, have an adverse competitive
effect upon non-holding-company banks in the
areas concerned, in view of the distances of the
nearest of such banks from the proposed location
of Southside, the size of those banks, and the
present and probable future population of the
South Jacksonville area and, more particularly,
of Southside's primary service area.
On the basis of the entire record in this case,
the Board concludes that the proposed acquisition
would probably meet existing and potential needs
for banking services in, and materially contribute
to the convenience and welfare of, the communities and area concerned, and that the proposed
acquisition would not expand the Applicants' holding company system beyond limits consistent with
adequate and sound banking, the public interest,
and preservation of competition in the field of
banking.
Conclusion.—The above views were incorporated in the Tentative Statement issued in connection with the Notice of Tentative Decision published in the Federal Register on October 16, 1959
(24 FR 8423), affording interested persons an
opportunity to submit comments on, or objections
to, the Board's proposed action. Consideration
has been given to comments that have been received.
Viewing the relevant facts in the light of the
purposes of the Act and the factors enumerated
in Section 3(c) of the Act, it is the judgment of
the Board that the proposed acquisition would be
consistent with the statutory objectives and the
public interest and that, accordingly, the applications should be approved. IT IS SO ORDERED.
Current Events and Announcements
CHANGES IN BOARD'S STAFF
Harry E. Kern was appointed Assistant Director
of the Division of Administrative Services effective November 2, 1959, and Elizabeth L. Carmichael an Assistant Secretary of the Board
effective November 15, 1959.
Mr. Kern joined the Board's organization on
February 9, 1939, as an employee in the Office of
the Secretary. In 1950 he was designated Supervisor of the Procurement Section of the Division
of Administrative Services, and in 1957 Chief of
the Section. Since June 15, 1958, he had been
Chief of the Office Services Section of the Division
of Administrative Services.
Miss Carmichael's Board employment began in
1940.
In 1944 she became Supervisor of the
Publications Section of the Division of Administrative Services, and in 1951 Chief of the Section.
Since June 15, 1958, she had served as Administrative Assistant and Chief, Publications Services,
Division of Administrative Services.
REVISIONS IN CONSUMER CREDIT STATISTICS
The consumer credit series has been revised for
the period 1947 to date to incorporate data not
included heretofore and to adjust the series to
comprehensive information available from 1958
and other recent benchmarks.
The series has been expanded to include the
following: (1) estimated charge accounts outstanding on service station and miscellaneous
credit-card accounts and on home-heating-oil accounts, beginning with January 1947, and (2)
consumer credit statistics for Alaska and Hawaii
beginning with January and August 1959, respectively. Estimates of commercial bank holdings
of consumer goods paper other than automobile
have been increased as a result of reclassification
of this type of paper beginning with June 1956.
Estimates of repair and modernization loans have
been revised beginning with January 1958 to reflect an increase in the proportion of consumer
loans to total loans of this type.
Monthly data for the period covered by each of
the revised series, together with a further descrip-
tion of the revision, are shown on pp. 1396-99
and pp. 1416-19 of this BULLETIN.
REVISIONS FOR WEEKLY REPORTING BANKS
Data for all weekly reporting banks and for weekly
reporting banks outside of New York City, as
published in the BULLETIN for September 1959,
pages 1202-03 and 1206-07, respectively, have
been revised to correct misclassifications in some
items. The revised data, together with notes indicating the items affected, appear on pages 142023 of this BULLETIN. There have been no changes
in the figures for weekly reporting banks in New
York City as published on pages 1204-05 of the
BULLETIN for September, 1959.
ADMISSION OF STATE BANK TO MEMBERSHIP
IN THE FEDERAL RESERVE SYSTEM
The following bank was admitted to membership
in the Federal Reserve System during the period
of September 16 to October 15, 1959:
Kansas
Bucklin.
Bucklin Kansas
The Farmers State Bank of
TABLES PUBLISHED ANNUALLY, SEMIANNUALLY, OR
QUARTERLY
1356
Latest BULLETIN Reference
Annually
Earnings and expenses:
Federal Reserve Banks
Member banks:
Calendar year
First half of year
Insured commercial banks
Banks and branches, number of, by class
and State
Operating ratios, member banks
Stock Exchange firms, detailed debit and
credit balances
Banking and monetary statistics, 1958..
Bank holding companies, Dec. 31, 1958:
List of
Banking offices and deposits of group
banks
Semiannually
Banking offices:
Analysis of changes in number of
On, and not on, Federal Reserve Par
List, number of
Issue
Page
Feb. 1959
208-09
June 1959
Oct. 1959
June 1959
650-58
1320
659
Apr. 1959
July 1959
442-43
794-96
Sept. 1959
jJJ^ J9^
1208
550I53
June 1959
660
Aug. 1959
1064
Aug. 1959
1044
Aug. 1959
1045
Quarterly
Flow of funds
Oct. 1959
Principal assets and liabilities of Federal
business-type activities
Aug. 1959
1063
1312
National Summary of Business Conditions
Released for publication November 16
Industrial activity declined only slightly in October when the steel strike extended into its fourth
month, as metal consuming industries continued
to draw on inventories and imports of steel. Reductions in activity spread further in early November and while reactivation of the idle mills began
on November 7, recovery in output and employment in related industries will be limited until
steel supplies are available in volume. Retail sales
in October recovered to the July peak while the
number of housing units started dropped. The
money supply estimate for October was somewhat
lower than for September. Prices of basic industrial materials have continued to increase.
INDUSTRIAL PRODUCTION
Preliminary estimates of industrial production
in October show a decline to 148 per cent of the
1947-49 average, one point below the revised
September figure and seven points below the peak
in June. Revision of one point in the September
index, up to the August level, reflected a revision
in output of nondurable goods to a new high. In
October, slight declines were indicated in both
durable and nondurable goods manufacturing.
Steel mill operations in October remained at
13 per cent of capacity but with the reopening of
steel mills, ingot output rose to 46 per cent in the
second week of November. Activity in the maINDUSTRIAL
1947-49-100
chinery industries declined only a little from the
September record level as output of most producers' durable equipment was maintained; steel
shortages curtailed output of some metal consuming industries such as farm equipment, structural
metal products, and major consumer appliances.
Auto assemblies rose more than seasonally from
September but output was limited by steel shortages in late October and was severely curtailed in
early November.
Production of textile and rubber products declined somewhat further in October and output of
most other nondurable goods changed little at
advanced levels. Minerals production remained
at reduced levels as work stoppages continued to
limit coal output and iron and copper ore mining.
EMPLOYMENT
Seasonally adjusted employment in nonfarm
establishments declined 163,000 in October to
52.0 million, reflecting mainly decreases in the
metal and metal fabricating industries. Employment also declined in the construction and service
industries but increased in trade and State and
local government. The number of persons unemployed, at 3.3 million in October, differed little
from September but since it usually declines, the
seasonally adjusted rate rose from 5.6 to 6.0 per
cent of the civilian labor force.
PRODUCTION
DISTRIBUTION
Seasonally adjusted retail sales rose 3 per cent
in October, to the peak rate of July, reflecting a
sharp expansion in auto sales after introduction of
the new models. With auto assemblies curtailed
in late October by steel shortages, dealer stocks
declined contra-seasonally. Stocks of other durable goods continued generally ample.
COMMODITY PRICES
1955
1957
1955
1957
Federal Reserve indexes, seasonally adjusted. Monthly figures; latest shown are for October.
In mid-November, the level of wholesale commodity prices was unchanged from a month earlier, and also unchanged from a year earlier.
Prices of such basic industrial materials as steel
scrap, copper, zinc, and rubber rose further in
late October and early November, but prices of
1357
1358
FEDERAL RESERVE BULLETIN • NOVEMBER 1959
most fabricated materials and finished products
were stable. Meanwhile, prices of farm products
and foods continued to decline, reflecting mainly
further decreases in meats, and averaged 5 per
cent below a year ago. With market supplies increasing more than consumer demands, livestock
and meat prices have declined 10 to 15 per cent
over the year.
BANK CREDIT AND RESERVES
Total commercial bank credit increased in October as loans continued to expand and holdings
of U. S. Government securities also rose. The
seasonally adjusted active money supply declined
somewhat further but at the end of October was
about IVi per cent larger than a year earlier.
Member bank borrowings from the Federal Reserve averaged $835 million and excess reserves
$405 million in the four weeks ending November
11. Required reserves increased from mid-October to mid-November. Reserves were supplied
RETAIL TRADE
1947-49-100
! TOTAL
RETAIL
mainly by an increase in System holdings of
Government securities and gold stock.
SECURITY MARKETS
Yields on U. S. Treasury securities, which had
declined from mid-September highs, have increased somewhat since the third week in October.
Yields on State and local government bonds have
declined further while those on corporate bonds
have been relatively stable. Common stock prices
have shown little net change since mid-October.
In the third week of October the Treasury sold
for cash $2 billion of June tax anticipation bills.
In early November, it offered a new 43A per cent
certificate and a four-year 4% per cent note in
exchange for $3.8 billion of publicly held maturing securities. The new notes were also offered
in exchange to holders of a $2 billion note maturing in 1962 but, on 90 days' notice, redeemable
next February; $1.7 billion of the issue was exchanged.
PRICES
SALES
r
; DEPARTMENT
STORES
^
| i ^ ^ . ^ . r ^ ' * - " OTHER GOODS
FARM / \
Federal Reserve indexes, seasonally adjusted; retail sales
based on Department of Commerce data. Monthly figures;
latest shown for stocks is September, for other series, October.
/X/FOODS
j I
Bureau of Labor Statistics indexes. Monthly figures, latest
shown: September for consumer prices, and October for wholesale prices.
Financial and Business Statistics
* United States *
Member bank reserves, Reserve Bank credit, and related items
Reserve Bank discount rates; reserve requirements; margin requirements.
Federal Reserve Banks.
.
Bank debits; currency in circulation
All banks: consolidated statement of monetary system; deposits and currency.
All banks, by classes.
Commercial banks, by classes.
Weekly reporting member banks.
1361
1364
1365
1368
1370
1371
1374
1376
Business loans.
Interest rates
Security prices; stock market credit; open market paper.
Savings institutions
Business
finance
Security issues.
Federal finance . . .
Federal business-type activities.
Real estate credit
Short- and intermediate-term consumer credit.
1379
1380
1381
1382
1384
1386
1387
1392
1393
1396
Selected indexes on business activity.
Production
Employment and earnings.
Department stores
Foreign trade
.
Wholesale and consumer prices. .
National product and income series.
1400
1401
1408
1410
1411
1412
1414
Revised estimates of short- and intermediate-term consumer credit.
Weekly reporting member banks, 1958-59
1416
1420
Tables not published each month—list, with latest BULLETIN references. .
Index to statistical tables.
1356
1448
Tables on the following pages include the prin- the basis of material collected by other agencies;
cipal statistics of current significance relating figures for gold stock, currency in circulation,
to financial and business developments in the Federal finance, and Federal credit agencies are
United States. The data relating to Federal obtained from Treasury statements; the remainReserve Banks, member banks of the Federal ing data are obtained largely from other sources.
Reserve System, and department store trade, Back figures for 1941 and prior years for bankand the consumer credit estimates are derived ing and monetary tables, together with descripfrom regular reports made to the Board; pro- tive text, may be obtained from the Board's
duction indexes are compiled by the Board on publication, Banking and Monetary Statistics.
1359
MEMBER BANK RESERVES, RESERVE BANK CREDIT, AND RELATED ITEMS
W e e k l y a v e r a g e s of d a i l y figures
Billions of
MEMBER BANK
RESERVE BALANCES
dollars
25
20
REQUIRED RESERVES
15
EXCESS RESERVES
CURRENCY IN CIRCULATION
RESERVE BANK CREDIT
A
GOLD STOCK
TREASURY CASH AND DEPOSITS
NONMEMBER DEPOSITS
U.S. GOVERNMENT SECURITIES
DISCOUNTS AND ADVANCES
FEDERAL RESERVE FLOAT
1953
1954
1955
1956
1957
1958
Latest averages shown are for week ending October 28. See p. 1361.
1360
1959
MEMBER BANK RESERVES, RESERVE BANK CREDIT, AND RELATED ITEMS
[In millions of dollars]
Reserve Bank credit outstanding
Deposits, other
than member bank
reserves,
with F. R. Banks
Member bank
reserves
DisHeld counts
under
Float Total
Bought repur- and
adTotal outchase
vances
right agreement
Gold
stock
Treas- Curury
cur- rency
in
rency ciroutculastand- tion
ing
25,35:
25,233
25,001
24,893
25,353
25,233
25,001
24,893
792 26,638
461
883 26,661
514
563 1,049 26,644
433 1,203 26,558
21,011
21,012
20,939
20,895
5,211
5,213
5,215
5,216
31,381
31,433
31,393
31,285
691
694
694
683
539
478
304
508
305
330
397
308
324
319
282
320
1,175
1,153
1,156
1,162
18,446
18,479
18,572
18,404
17,899
17,873
17,935
17,811
547
606
637
593
24,940
25,143
25,353
25,242
25,300
145
22
29
24,940
25,143
25,498
25,242
25,300
904 26,275
401
434
911 26,519
472
922 26,925
26
369 1,401 27,046
456
977 26,767
20,866
20,830
20,764
20,724
20,690
5,219
5,219
5,220
5,220
5,221
31,217
31,352
31,498
31,435
31,299
690
691
689
681
681
448
447
386
464
512
261
299
327
308
270
387
343
412
332
321
1,123
1,119
1,121
1,117
1,080
18,234
18,318
18,475
18,652
18,515
17,774
17,753
17,989
18,086
17,993
460
565
486
566
522
Nov. 5
12
19
26
25,459
25,660
25,411
25,734
25,380
25,614
25,392
25,578
79
46
19
156
403
470
453
430
796 26,694
934 27,100
188 27,087
199 27,399
20,679
20,652
20,680
20,616
5,222
5,225
5,225
5,225
31,422
31,660
31,754
31,825
681
687
692
686
325
371
475
455
283
297
316
243
391
375
341
337
1,078
1,078
1,074
1,063
18,416
18,510
18,340
18,631
18,008
17,891
17,900
18,225
408
619
440
406
Dec. 3
10
17
24
31
26,143
26,282
26,315
26,272
26,437
26,033
26,250
26,223
26,188
26,241
110
32
92
84
196
580
415
519
631
808
,087 27,844
,112 27,847
,439 28,311
,944 28,889
,618 28,910
20,609
20,593
20,576
20,536
20,526
5,228
5,229
5,229
5,231
5,232
32,057
32,218
32,394
32,533
32,458
693
696
693
684
692
465
376
428
540
521
222
232
263
239
332
401
328
335
328
333
1,103
1,191
1,161
1,172
1,165
18,740
18,629
18,844
19,160
19,167
18,232
18,160
18,374
18,548
18,511
508
469
470
612
656
1959
Jan. 7
14
21
28
26,184
25,922
25,580
25,471
26,090
25,817
25,580
25,471
94
105
644
730
457
507
,401
,011
,288
,074
28,275
27,708
27,368
27,094
20,534
20,526
20,515
20,515
5,234
5,234
5,234
5,235
32,008
31,710
31,385
31,150
701
704
712
714
446
390
401
404
279
297
357
298
356
345
373
343
1,122
1,121
1,118
1,118
19,131
18,901
18,769
18,817
18,588
18,340
18,234
18,424
543
561
535
393
Feb. 4
11
18
25 . . .
25,673
25,657
25,529
25,399
25,592
25,621
25,523
25,394
81
36
6
5
946 27,092
433
887 27,136
553
583
960 27,112
474 1,050 26,965
20,476
20,476
20,475
20,474
5,235
5,236
5,238
5,239
31,120
31,193
31,205
31,111
723
727
741
724
442
364
398
443
278
304
313
308
344
333
391
448
1,146
1,185
1,214
1,255
18,749
18,742
18,562
18,389
18,345
18,189
18,120
17,979
404
553
442
410
Mar. 4
11
18
25
25,355
25,366
25,471
25,510
25,294
25,331
25,419
25,461
61
35
52
49
951 26,892
548
722
849 26,976
543 1,000 27,048
619
961 27,123
20,479
20,448
20,442
20,442
5,241
5,242
5,244
5,246
31,129
31,215
31,287
31,231
721
716
727
714
534
454
437
456
298
311
290
295
339
336|
340
339
1,214
1,212
1,214
1,218
18,375
18,421
18,439
18,558
17,957
17,868
18,051
18,100
418
553
388
458
Apr. 1
8
15
22.. .
29
25,494
25,722
25,789
25,544
25,608
25,462
25,484
25,545
25,511
25,608
32
238
244
33
629
998 27,151
914 27,357
690
816 27,357
721
767 1,130 27,472
900
27,212
673
20,442
20,442
20,440
20,409
20,330
5,247
5,250
5,253
5,254
5,257
31,229
31,280
31,365
31,332
31,244
709
709
712
705
705
523
524
471
456
560
364
296
279
286
271
512
348
343
362
333
1,181
1,180
1,181
1,178
1,136
18,323
18,711
18,698
18,817
18,551
17,855
18,302
18,254
18,307
18,183
468
409
444
510
368
6
13
20
25,808
26,010
25,935
25,905
25,706
25,940
25,926
25,905
102
70
9
893 27,424
693
795 27,563
726
870 1,155 27,989
675
940 27,548
20,262
20,251
20,197
20,188
5,259
5,262
5,264
5,268
31,368
31,505
31,515
31,473
711
710
710
708
542
521
504
543
256
269
280
281
360!
383!
367
363
1,136
1,139
1,245
1,244
18,571
18,550
18,829
18,393
18,213
18,096
18,227
18,063
358
454
602
330
27,650
27,736
27,994
28,147
20,188
20,141
20,136
20,017
5,272
5,275
5,280
5,280
31,645
31,803
31,876
31,807
701
716
715
626
548
476
436
515
297
260
259
283
376
364
361
349
1,219
1,218
1,226
1,238
18,324
18,314
18,537
18,627
18,021
17,886
18,081
18,170
303
428
456
457
U. S. Govt. securities
Week
ending
TreasOther
ury
F. R.
cash
acholdcounts
ings Treas- ForRe- 2 Ex-2
Total quired
cess
ury
eign Other
Averages of
daily figures
1958
Sept. 3
10
17
24
Oct.
May
1.
27
June
3
10
17
25,905
25,939
25,944
25,970
25,905
25,939
25,944
25,936
July
1
8
15
22
29
26,045
26,300
26,494
26,449
26,459
26,018
26,255
26,383
26,390
26,408
27
938 1,032 28 ,042
948 28,319
45 1,044
922 28,462
111 1,019
59
929 1,299 28,705
51
890
998 28,374
19,712
19,704
19,695
19,669
19,636
5,283
5,283
5,283
5,283
5,284
31,852
32,105
32,194
32,036
31,883
407
412
419
412
403
552
516
394
460
559
296
278
269
255
271
353
360
338
334
340
1,190
1,183
1,185
1,183
1,137
18,386
18,452
18,640
18,976
18,702
18,069
18,017
18,229
18,488
18,353
317
435
411
488
349
Aug. 5
12
19
26
26,549
26,605
26,531
26,573
26,440
26,597
26,525
26,518
790 28,399
109 1,034
771 28,473
8 1,073
945 1,065 28,562
6
941
950 28,485
55
19,626
19,619
19,601
19,600
5,281
5,282
5,282
5,283
31,922
32,071
32,051
31,951
403
401
397
395
503
475
638
564
277
257
256
257
340
343
349
321
1,166
1,203
1,246
1,294
18,696
18,622
18,509
18,586
18,296
18,080
18,078
18,149
400
542
431
437
Sept. 2
9
16
23
30
16,691
16,754
16,737
16,637
16,563
26,650
26,663
26,643
26,637
26,563
19,525
31,935
19,523
32,107
19,522 5,274 32,197
19,513 5,278 31,984
19,493 5,287 31,811
400
401
395
390
561
430
421
632
681
260
275
331
298
310
333
341
373
420
403
1,260
1,259
1,260
1,264
1,196
18,566
18,640
18,653
18.819
18;394
18,165
18,082
18,170
18.297
18.174
401
558
483
522
220
7
14
21
28
16.591
16,637
16,402
16,385
26.563
26,563
26,402
26,364
387
387
391
396
533
474
518
530
300
326
294
297
420
464
344
335
1.194
1.197
1.193
1.136
18.636 18.153
18.501 18.012
18.679 ^18,192
18,568 ^18,284
483
489
P487
P2S4
Oct.
p
Preliminary.
34
853
866
774
996
993
894 I]256
41
966
836
91 1,059
819
94 1,060 1,017
860 1,499
722 1,098
' Revised
28,515
28,656
28,834
29,016
28,403
1.007 1.005 28,623 19,491 5.289
1,051
956 28,667 19,489 5,290
824 1,417 28.664 19,488 5,293
796 1,149 28.353 19,486 5,297
31,933
32,096
32,026
31,873
For other notes see following page.
1361
1362
BANK RESERVES AND RELATED ITEMS
MEMBER BANK RESERVES, RESERVE BANK CREDIT, AND RELATED ITEMS—Continued
[Tn millions of dollars]
Reserve Bank credit outstanding
U. S. Govt. securities
Period
or
date
DisHeld counts
under
and
Float Total
Bought repuradoutTotal
chase
vances
right
agreement
Gold
stock
Treasury
currency
outstanding
Currency
in
circulation
Treasury
cash
holdings
Deposits, other
than member bank
reserves,
with F. R. Banks
Member bank
reserves
Other
F. R.
accounts
Treas- Foreign
ury
ReTotal quired 2
Other
Ex-
Averages of
daily figures
1958
425 1,035 26,789 20,750 5,220 31,390
488 1,039 27,211 20,648 5.225 31,732
564 1,496 28,412 20,563 5,230 32,371
25,296 25,260
25,650 25,562
26,312 26,216
Oct
Nov
Dec
685
688
691
449
410
470
299
276
262
352 1.108 18,476 17,955
369 1,068 18,540 18,034
337 1,174 18,899 18,383
521
506
516
1959
Jan
Feb
Mar
Apr
May
June
July
Aug
Sept
Oct
25,776
25,532
25,446
25,661
25,920
25,963
26,422
26,588
26,674
26,517
25,723
25,503
25,400
25,538
25,882
25,949
26,354
26,548
26,628
26,479
216
1,998
2,484
2,254
24,262
22,559
20,778
24,785
24,915
23,035
24,238
25,438
148
1,998
2,484
2,254
24,262
22,559
20,725
24,391
24,610
22,994
23,719
25,438
574 1,170 27,564
53
526
961 27,059
29
620
954 27,055
46
694
123
937 27,323
784
38
935 27,669
938 1,009 27,937
14
969 1,023 28.441
68
40 1,008
891 28,509
904 1,088 28,687
46
909 1,115 28,563
38
20,518
20,475
20,448
20,403
20,217
20,030
19.674
19,596
19,514
19,498
5,234
5,238
5,244
5,253
5,265
5,278
5,283
5,281
5,278
5.293
31,521
31,158
31,227
31,304
31,490
31,813
32,042
31,994
32,019
31,974
709
729
717
708
708
632
411
399
'394
392
415
417
477
505
532
495
490
546
543
512
306
303
312
283
274
277
269
260
301
302
353
378
377
347
369
359
344
337
381
388
18,396
18,117
17,968
18.247
18,132
18,043
18,271
18,141
18,183
497
460
461
417
448
408
400
472
410
52 1.400
4 2; 220
91 2,593
94 2,361
578 25,091
535 23,181
,368 22,216
,585 26,507
,665 26,699
,199 24,816
,424 25.784
758 26,283
4,037
4,031
17,644
22.737
20;065
22,754
22,706
21,690
21,949
22,623
22,781
21,356
2,019
2,286
2,963
3,247
4,339
4,562
4,636
5,008
5,066
5,107
5,146
5,203
4,459
5,434
7,598
11,160
28,515
28,868
27,741
31,158
31,790
31,082
31,834
31,172
204
264
2,409
2,215
2,287
1.336
i;293
767
775
758
761
692
36
35
634
867
977
870
668
394
441
498
481
410
6
15
397
774
862
392
895
402
322
449
356
269
21
374 2,356 2,333
151
346 2,292 1,817
256
251 11,653 6,444
586
291 12,450 9,365
446
495 15,915 14,457
569
563 17,899 16,400
565
714 17,681 16,509
554
925 19,005 18,903
426
901 19,059 19,089
308 1,075 18,376 18,543
246
998 19,034 19,091
420 1,096 18,784 18,158
23
475
5,209
3,085
1,458
1,499
1,172
102
-30
-167
-57
626
407
788 26,675 20,690 5,222 31,386
717 1,026 28,006 20,609 5,228 32,036
64 1,296 27 ,755 20,534 5,234 32,193
674
694
683
363
424
358
288
226
272
335 1,079 18,462 18,009
430 1,038 18,994 18.217
391 1,122 18.504 18,574
453
777
-70
120 18,893
,211 18,577
,208 18,429
,168 18,664
,197 18,580
,219 18,451
,170 18,671
,239 18,613
,246 18,593
,175 18,610
Midyear or
year-end
1929—June
1933—June
1939—Dec
1941—Dec
1945—Dec
1947_Dec
1950—Dec
1955—Dec
1956—Dec
1957—June
Dec
1958—June
53
394
305
41
519
1,037
164
7
3
249
85
67
108
50
558
55
41
End of month
1958
25,443 25,373
26,229 26,069
26,347 26,252
70
160
95
25,715
25,350
25,497
25,703
"5,905
26,044
26,543
26,690
26,563
26,631
25,611
25,295
25,497
25,623
25,905
26,025
26,408
26,650
26,563
26,537
104
55
5
12
19
26
26,553
26,598
26,536
26,519
26,517
26,597
26,493
26,519
Sept. 2
9
16
23
30
26,689
26,675
26.798
26,623
26,563
26,651
26,643
26,643
26,623
26,563
Oct.
26,613
26,598
26,364
26,364
26,563
26,563
26,364
26,364
Oct..
Nov..
Dec.
1959
Jan
Feb
Mar
Apr
May
June
July
Aug
Sept
Oct
80
19
135
40
"94
462
632
327
500
984
421
1,229
692
330
877
979 27,197 20,476
999 27,020 20,479
862 26,716 20,442
943 27,176 20,305
860 21,111 20,188
846 27,337 19,705
772 28,569 19,626
779 28,181 19,524
951 27,865 19.491
933 28,469 ^19,586
5,235
5,241
5,247
5,257
5,273
5,279
5,280
5,283
5,289
'5,298
31,125
31,129
31,250
31,349
31,638
31,914
31,898
31,973
31,848
31,896
721
718
689
711
694
394
397
392
377
447
492
398
539
567
535
522
537
704
488
274
310
308
266
291
294
278
252
312
284
345
334
388
341
369
363
337
329
448
335
118 18,,878 18,355
215 18,,540 17,972
180 18,192 17,815
136 18,396 18,201
219 18,459 17,975
18,054
'
181 17 ,640
138 18 ,905 18,308
260 18 ,245 18,140
196 17 760 18,175
127 18,818 ^18,323
523
568
377
195
484
414
597
105
415
Wednesday
1959
Aug.
7
14
21
28
v
27,922
27,953
28,049
27,858
19,626
19,600
19,600
19,600
5,281
5,282
5,282
5,283
31,987
32,048
31,991
31,887
405
401
397
395
387
514
517
534
277
275
259
284
334
368
345
342
18,236
18,026
18,117
18,041
19
18,217
18,043
-17
18,108
9
18,158 -117
617
765 28,092
463
773 27,931
"',541
429 1,2"
294 28
746 1,107 28,496
330
951 27,865
19,525
19,522
19,52:
19,495
19,491
5,273
5,274
5,274
5,286
5,289
31,962
32,238
32,074
31,849
31,848
404
395
394
391
377
541
370
346
905
704
273
308
316
310
312
345
,257 18,107
374
,256 17,78'
383
,265 18,560
423 1,263 18,135
448 1,196 17,760
18,209 -102
18,070 -283
18,341
219
18,215
-80
18,175 -415
632
795 28,060
456
99- 28,069
870 1,178 28,432
937
835 28,158
19,490
19,489
19,487
19,486
5,289
5,290
5,295
5,297
32,006
32,093
31,917
31,833
391
394
393
402
453
437
503
536
342
377
292
314
401
401
34!
328
631
591
524
557
38
3!
155
713
741
968
761
r
Preliminary.
Revised.
Includes industrial loans and acceptances; these items are not shown
separately in this table, but are given for end-of-month and Wednesday
1
,201
,203
,306
,258
1,194
1,195
1,191
1,126
18,051 18,13
17,950 18,009
18,577 ^18,229
18,403 ^18,269
dates in subsequent tables on Federal Reserve Banks.
2
These figures are estimated.
-81
-59
1363
BANK RESERVES AND RELATED ITEMS
RESERVES, DEPOSITS, AND BORROWINGS OF MEMBER BANKS, BY CLASSES
[Averages of daily figures.1 In millions of dollars]
Item and period
All
member
banks
Central reserve
city banks
New
York
Chicago
Reserve
city
banks
Country
banks
Item and period
Chicago
Country
banks
27
27
17
23
65
55
69
57
474
433
420
430
497
460
461
417
448
408
400
472
410
12
15
30
7
24
7
4
23
-18
56
55
49
34
64
39
29
57
42
428
390
381
372
357
359
366
388
384
483
522
220
10
-1
1
4
2
45
49
65
423
476
148
483
489
16
29
-4
10
3
2
-1
5
48
68
31
24
416
392
"461
P244
1958—Sept
Oct
Nov
Dec
476
425
486
557
106
35
60
103
16
39
266
253
258
254
96
128
152
162
1959_jan
Feb
Mar
Apr
May
June
July
Aug
Sept
557
508
601
676
767
921
957
1,007
903
77
43
13
96
75
22
157
248
209
54
27
124
69
44
66
47
40
46
279
250
277
317
424
574
510
477
433
147
188
187
194
224
259
242
242
215
30::;;;:;;
1,059
859
721
266
297
170
7
14
21
28
1,006
1,048
819
790
305
300
223
125
1958—Sept
Oct
Nov
Dec
95
96
20
-41
1959—Jan
Feb
Mar
Apr
May
June
July
Aug
Sept
18.425
18.476
18.540
18.899
3,951
3.935
3.883
4.033
1,064
,061
,054
,077
7,731
7,755
7,819
7,940
5,679
5,724
5.784
5:849
1959- -Jar,
Feb
Mar
Apr
May
June
July
Aug
Sept
18.893
18.577
18,429
18.664
18.580
18.451
18,671
18.613
18.593
4.031
3.968
3.994
4.008
3.979
3,933
3,981
3.889
3,848
,066
.052
,029
,041
.037
,009
,028
,033
,025
7,929
7,777
7,702
7.825
7,792
7,744
7.838
7.836
7,825
5,780
5,704
5,790
5.772
5,765
5,824
5,855
5,895
1959—Jan
Feb
Mar
Apr
May
June
July
Aug
Sept
30.''.'.'.'.'.'.'"
18,653
18,819
18,394
3,886
3,870
3,868
,021
.030
,038
7,834
7,876
7,832
5,912
6,044
5,656
7
14
21
28
18,636
18,501
18,679
18,568
3,882
3,812
3,850
3,891
1,029
1,005
1,014
1.026
7,796
7,782
7,786
7,844
5,929
5,902
6,029
5,807
1958—Sept..
Oct..
Nov..
Dec.
17,854
17,955
18,034
18,383
3,923
3,909
3,866
4,010
1,058
1,055
1,055
1,070
7,667
7,700
7,750
7,883
5,205
5,291
5,364
5,419
1959—Jan
Feb
Mar
Apr
May.
June.
July
Aug.
Sept
18,396
18,117
17.968
18;247
18,132
18,043
18,271
18,141
18,183
4,018
3,953
3,965
4,001
3,955
3,926
3,977
3,866
3,866
1,065
1,051
1,027
1,036
1,033
1,006
1,028
1,029
1,022
7,873
7,723
7,653
7,791
7,728
7,705
7,809
7,779
7,783
5,440
5,390
5,323
5,418
5,415
5,406
5,458
5,467
5,511
18,170
18,297
18,174
3,876
3,870
3,867
1,016
1,032
1,031
7,789
7,827
7,768
5,489
5,568
5,508
18,153
18,012
^18,192
3,866
3,783
3,853
3.881
1,026
1,004
1,015
1,020
7,748
7,715
7,755
7,820
5,513
5,510
Week ending:
Week ending:
1959—Sept. 16
Required reserves:2
,
1959—Sept. 16.
23.
30.
7
14
21
28
P18,284
7
14
21
28
1959—Sept. 16
Oct.
P5\563
Free reserves:2
Deposits:
119,131
13,807
105,324
101,757
53,104
23,246
4,104
19,142
20,336
5,259
6 225
1,296
4,930
5,479
1,437
47,361
6,974
40,387
39,968
21,444
42,298
1,433
40,865
35,973
24,964
6,972
69
101
2,093
4,708
September 1959
Gross demand deposits :
Total
Interbank
Other
Net demand deposits 3 . ..
Time deposits
Demand balances due
from domestic banks...
Oct.
Week ending:
September 1958
Gross demand deposits:
Total
Interbank
Other
Net demand deposits3 . ..
Time deposits
Demand balances due
from domestic banks...
1959—Sept. 16
23
30
Borrowings at
Federal Reserve Banks
Week ending:
41
25
103
96
61
87
513
376
331
218
145
195
417
418
370
364
181
234
165
214
-43
-80
-3
-3
-16
-31
-201
-198
-189
-198
378
305
268
268
-59
-47
-140
-258
-318
-513
-557
-535
-493
-65
-28
16
-89
-51
-15
-154
-225
-227
-53
-26
-122
-64
-41
-63
-47
-35
-44
-223
-195
-228
-284
-360
-536
-482
-420
-391
281
202
194
178
133
101
124
145
169
-576
-337
-501
-256
-298
-169
-58
-43
-17
-468
-327
-266
205
331
-47
-523
-559
-289
-271
-227
-115
-100
-94
-62
-82
-369
-350
-339
-340
235
158
4
-79
Q
Week ending:
22,285
13,146
09 ,139
04,069
54,543
23,488
4 ,053
19.436
20,142
4 ,819
6,074
1,182
4,892
5,274
1,454
48,470
6,555
41,915
40,526
21,925
44,252
1,356
42,896
38,127
26,345
6,610
72
106
2,084
4,348
P1 Preliminary.
Averages of daily closing figures for reserves and borrowings and of
daily opening figures for other items, inasmuch as reserves required are
based
on deposits at opening of business.
2
Weekly figures of required, excess, and free reserves of all member
New
York
Reserve
city
banks
571
521
506
516
1958—Sept
Oct
Nov
Dec
1958—Sept
Oct
Nov
Dec
Oct.
Central reserve
city banks
Excess reserves:2
Total reserves held:
Oct.
All
member
banks
1959—Sept. 16
30........
Oct.
7
14
21
P-332
P-506
banks
and of country banks are estimates.
3
Demand deposits subject to reserve requirements, i.e., gross demand
deposits minus cash items reported as in process of collection and demand
balances
due from domestic banks.
4
Free reserves are excess reserves less borrowings.
1364
DISCOUNT RATES
FEDERAL RESERVE BANK DISCOUNT RATES
[Per cent per annum]
Discounts for and advances to member banks
Advances secured by Government
obligations and discounts of and
advances secured by eligible paper
(Sees. 13 and 13a)i
Federal Reserve Bank
Rate on
Oct. 31
In effect
beginning:
Boston
New York. . .
Philadelphia..
Cleveland
Richmond. . .
Atlanta
Chicago
St. Louis
Minneapolis..
Kansas City..
Dallas
San Francisco
Sept.
Sept.
Sept.
Sept.
Sept.
Sept.
Sept.
Sept.
Sept.
Sept.
Sept.
Sept.
Previous
rate
3%
3%
Wi
Wi
14,1959
11,1959
18,1959
11,1959
11,1959
14,1959
11,1959
11,1959
14,1959
11,1959
11,1959
11,1959
3%
3%
3%
m
Advances to individuals,
partnerships, or corporations other than member
banks secured by direct
obligations of the U. S.
(last par. Sec. 13)
Other secured advances
[Sec. 10(b)]
Rate on
Oct. 31
In effect
beginning:
y2
Sept. 14, 1959
Sept. 11,1959
Sept. 18,1959
Sept. 11,1959
Sept. 11,1959
Sept. 14, 1959
Sept. 11,1959
Sept. 11,1959
Sept. 14, 1959
Sept. 11,1959
Sept. 11,1959
Sept. 11,1959
41/2
4%
41/2
k
41/2
41/2
41/2
41/2
Previous
rate
Rate on
Oct. 31
In effect
beginning:
Sept.
Sept.
Sept.
Sept.
Sept.
Sept.
Sept.
Sept.
Sept.
Sept.
Sept.
Sept.
14,1959
11,1959
18,1959
11,1959
11,1959
14,1959
11,1959
11,1959
14,1959
11,1959
11,1959
11,1959
Previous
rate
8
41/2
4%
41/2
41/2
41/2
4%
41/2
1
Rates shown also apply to advances secured by obligations of Federal
intermediate credit banks maturing within 6 months.
NOTE.—Maximum maturities. Discounts for and advances to member
banks: 90 days for discounts and advances under Sections 13 and 13a of
the Federal Reserve Act except that discounts of certain bankers' acceptances and of agricultural paper may have maturities not exceeding 6
months and 9 months, respectively, and advances secured by obligations
of Federal intermediate credit banks maturing within 6 months are
limited to maximum maturities of 15 days; 4 months for advances under
Section 10(b). Advances to individuals, partnerships, or corporations
under the last paragraph of Section 13: 90 days.
FEDERAL RESERVE BANK DISCOUNT RATES 1
MEMBER BANK RESERVE REQUIREMENTS
[Per cent per annum]
[Per cent of deposits]
Date
effective
Range
(or level)—
all F. R.
Banks
1956
Apr. 1 3 . . .
20...
Aug. 2 4 . . .
31...
1957
Aug. 9 . . .
23
Nov. 15!.'!
Dec. 2 . . .
1958
Jan. 2 2 . . .
24...
Mar. 7 . . .
13...
21...
F. R.
Bank
of
N . Y.
234
234
3
3
2%-3
234-3
234-3
3
3 -3%
3
3 4%
\ h
3
234-3
234-3
214—3
214-234
214
3
234
214
21/4
214
3
Range
(or level)—
all F. R.
Banks
Date
effective
1958
Apr. 1 8 . . .
May 9 . . .
Aug. 1 5 . . .
Sept. 1 2 . . .
23...
Oct. 2 4 . . .
Nov. 7 . . .
1959
Mar. 6 . . .
Mar. 1 6 . . .
May 2 9 . . .
June 1 2 . . .
Sept. 1 1 . . .
Sept. 1 8 . . .
134—2^4
13^
1*4-2
1*4-2
2
2 -2%
2%
2i
r
3%
N. Y.
14
2
2
2
2%
18
4
4
4
4
4
Under Sees. 13 and 13a (as described in table above). For data for
1941-55, see BULLETIN for January 1959, p. 76.
NOTE.—The rate charged by the Federal Reserve Bank of New York on
repurchase contracts against U. S. Govt. securities was the same as its discount rate except in the following periods (rates in percentages): 1956—
Aug. 24-29, 2.75; and 1957—Aug. 22, 3.50
MARGIN REQUIREMENTS 1
[Per cent of market value]
Regulation T:
For extensions of credit by brokers and
dealers on listed securities
For short sales
Regulation U:
For loans by banks on stocks
Jan. 16. Aug. 5, Effec19581958tive
Aug. 4, Oct. 15, Oct. 16,
1958
1958
1958
50
50
70
70
90
90
50
70
90
1 Regulations T and U limit the amount of credit that may be extended
on a security by prescribing a maximum loan value, which is a specified
percentage of its market value at the time of extension; margin requirements are the difference between the market value (100%) and the maximum loan value.
Central
reserve
city
banks
Reserve
city
banks
Country
banks
1*4
1*4
1
Prescribed in accordance with
Securities Exchange Act of 1934
Effective date
of change
3
3%-4
In effect
Oct. 31
Time deposits
of
3
3
3 -3%
Net demand deposits 1
F. R.
Bank
1917—June 21
13
10
1936—Aug.
1937—Mar.
May
1938—Apr.
16
1
1
16
19%
2234
26
2234
15
17%
20
17%
10%
1214
14
12
1941_Nov.
1942 Aug.
Sept.
Oct.
1
20
14
3
26
24
22
20
20
14
22
21
20
Central
reserve
and
reserve
city
banks
7
Country
banks
3
¥
6
6
5
6
16
15
14
13
12
m
m
6
5
6
6
6
5
5
1948—Feb. 27
June 11
Sept. 1 6 , 2 4 * . . . .
1949_May 1,5*
June 30, July 1*.
Aug. 1 , 1 1 * . . . .
Aug. 16, 1 8 * . . . .
Aug. 25
Sept. 1
1951—Jan. 11, 1 6 * . . . .
Jan. 25, Feb. 1*.
1953—July 1,9*
1954—June 16,24*...
July 29, Aug. 1*
22
24
26
24
23
24
22
21
20
19
20
19
13
14
13
18
12
1958—Feb.
Mar.
Apr.
Apr.
19%
19
18%
18
• 7*
j.V4
In effect Nov. 1, 1959. .
18
16%
11
5
5
Present legal requirements:
Minimum
Maximum
10
22
10
22
7
14
3
6
3
6
27, Mar. 1*
20, Apr. 1 *
17
24
11* IS 54
16%
* First-of-month or midmonth dates are changes at country banks, and
other
dates (usually Thurs.) are at central reserve or reserve city banks.
1
Demand deposits subject to reserve requirements which, beginning
Aug. 23, 1935, have been total demand deposits minus cash items in
process of collection and demand balances due from domestic banks (also
minus war loan and Series E bond accounts during the period Apr. 13,
1943-June 30, 1947).
FEDERAL RESERVE BANKS
1365
STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS
[Tn thousands of dollars]
Wednesday
End of month
1959
Oct. 28
Oct. 21
Oct. 14
Oct. 7
Sept. 30
Oct.
Sept.
Oct.
Assets
Gold certificate account
Redemption fund for F. R. notes..
18,241,643 18,245.141 18,245,141 18,255,142 18,230.144 18.341,644 18,230,144 19,217.892
948,163
947,338
950,879
943,360
972.885
948,161
972,885
887,297
Total gold certificate reserves.
19,189,806 19,192,479 19,196,020 19,198,502 19,203,029 19.289.805 19,203,029 20,105.189
F. R. notes of other Banks
Other cash
Discounts and advances:
For member banks
For nonmember banks, etc
Industrial loans
Acceptances—Bought outright
Held under repurchase agreement.
U. S. Government securities:
Bought outright:
Bills
Certificates—Special
Other
Notes
Bonds
Total bought outright
Held under repurchase agreement
Total U. S. Government securities
477,377
387,064
460,153
374,397
395,933
361,526
423.899
363,408
483,569
383.492
460.840
394.080
483.569
383,492
365,287
383,962
929,848
6.700
864.192
5,700
452,601
3,700
628,821
2,700
329.332
700 j
869.662
7.700
329.332
700
,538
20.539
20.037
20,036
20.035
25.884
1.915
20,035
405,877
1,300
338
36,301
2,362.950 2.362,950 2,562,250 2,562,250 2,562,250 2.535.650 2.562.250 1,371,610
10,506,993 10,506,
11,010,298 11,010.
2,483,771 2,483.
506,993 10,506,993 10,506,993
010,298 11,010,298 1,010.298
483,771 2,483,771 2,483.771
506.993 10,506.993
010.298 11,010,298
483.771 2,483,771
,507,291
10,000
,483,771
26,364,012 26,364.012 26. 563,312 26,563,312 26,563.312 26. 536.712 26,563.312 25: 372,672
35,100
50.100
94,400
70,100
26,364.012 26,364.012 26,598,412 26,613,412 26,563,312 26.631,112 26,563,312 25,442.772
Total loans and securities
27,323,098 27,254,443 27,074,750 27,264,969 26,913,379 27.536,273 26,913,379
15
15
5,294.862 6,041,
98,519
98.
290,719
273!
Due from foreign banks
Cash items in process of collection
Bank premises
Other assets
15
15
15
1,164,808 5,000,042 5,437.331
97,694
97,692
97.642
255,281
220.299
237,744
6,588
15
15
15
864,812 5,437,331 4, 490,420
98,397
97.642
93.194
298.134
220,299
213,653
53,061,460 53,695.558 53,546,027 52.586,271 52,738.756 52.942,356 52,738,756 51,538,308
Total assets.
Liabilities
Federal Reserve notes
Deposits:
Member bank reserves
U. S. Treasurer—general account
Foreign
Other
27,505,772 27,554,193 27,662,159 27,603,939
515,342 27.562,380 27,515,342 27,002.540
18,403,372 18,577.123 17,949,852 18,051,255 17, 759.814 18.817.846 17 759,814 18,461,892
536,238
436,947
502,823
703.536
453,408
487.562
703,536
363.206
313,743
376,938
292.404
311,833
342,276
283,731
311,833
288,459
327,533
401,304
341,613
447.756
400,585
334.882j 447,756
334,599
Total deposits..
19,580,886 19,713,963 19,165,041 19,247,524 19,222.939 19.924,021 19,222,939 19,448,156
4,459,714 4.863,888 5,170,879 4,205,251
37,003
37,494
38,869
37,772
Deferred availability cash items
Other liabilities and accrued dividends
Total liabilities
,486.135 3.932.021 4,486,135 3,702.237
39.806!
38.968
39,806
22.196
51,583,375 52,169,538 52.036,948 51,094,486 51 .264.222J51 .457. 390|51,264,222 50,175,12'
Capital Accounts
383.853
868,410
225,822
Capital paid in. .
Surplus
Other capital accounts.
Total liabilities and capital accounts
Ratio of gold certificate reserves to deposit and F. R.
note liabilities combined (per cent)
Contingent liability on acceptances purchased for
foreign correspondents
Industrial loan commitments
383,746
868,410
273,864
383,572
868,410
257,097
383.471
868,410
239,904
383.366|
868,410
222,758
384.018
868,410
232,538
383,366
868.410
222,758
357,463
809.195
196.521
53.061,460 53,695,558,53,546,027 52,586,271 52,738.756|52,942.356J52.738.756151,538,308
40.8
40.6
41.0
41.0
41.1!
62,379
63.082
64,373
5
64.995
5
66,579;
62.421!
66,579
5
70,596
1,019
330.032
320.843
9.081
108
877,362
852.145
24.962
255
330,032
320,843
9.081
108
407 ,177
385,035
22.142
40.6
43.3
Maturity Distribution of Loans and U. S. Government Securities1
Discounts and advances—total
Within 15 days
16 days to 90 days
91 days to 1 year
Industrial loans—total
Within 15 days
16 days to 90 days
91 days to 1 year
Over 1 year to 5 years
Acceptances—total
Within 15 days
16 days to 90 days
U. S. Government securities—total.
Within 15 days
16 days to 90 days
91 days to 1 year
Over 1 year to 5 years
Over 5 years to 10 years
Over 10 years
936,548
917,208
19,227
113
869,892
853.806
15.017
1,069
631,521
620,007
9.442
2.072
22,538
20.539
20 037
20,036
5.666
6,557
7 342
7.717
16.872
13,982
12 695
12,319
26,364,012 26,364,012 26 ,598 412 26,613,412
487,700
447.150
399 160
450.800
6,494,150
517^700 6,536 050 6.453,410
405,093
669 133 11,715.133
11,388,093
6,523,912 6,523,912 6.523 ,912 6.523,912
,
410.385
410,385
410 ,385
410.385
1,059.772 1,059,772 1,059 ,772
,059,772
1
Holdings under repurchase agreements are classified as maturing
within 15 days in accordance with maximum maturity of the agreements.
456,301
442,946
12.2!
1,069
338
194
18
47
79
20.0351
27.799
20.035
36.301
6.7031
7.973
6,703
9,866
13.332!
13.332
19,826
26,435
..563.31226 631.11226.563.312125 ,442,772
397,900! 5 .505.6401
397.9001 268.100
i,424.210} 1 735,210! 6.424.210 9 .031,175
,747.133ill 396,193111.747.133 13 ,649,726
,523,9121 6 .523.912 6.523.912 .023.614
410.3851 410,385
410,385
83.910
.059.772J 1 .059.772 1.059.772 .386.247
1366
FEDERAL RESERVE BANKS
STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON OCTOBER 31, 1959
[In thousands of dollars]
Item
New
York
Boston
Philadelphia
Cleveland
Richmond
Atlanta Chicago
St.
Louis
Minneapolis
Kansas
City
San
Francisco
Dallas
Assets
Gold certificate account
Redemption fund for F. R.
notes
873,190 4,819,102 1,024,635; 1,570,949; 1,044,191! 844,657 3,128,692 760,482
Total gold certificate reserves.
930,681 5,026,193 1,084,950! 1,654,983 l,127;210| 900,482 3,302,579 805,155j 400,296
F. R. notes of other Banks. .
Other cash
207,091
57,491
60,315j
86,376
68,989
49,825
27,570
39,612i
22,471!
84,034
83,019,
30,849
36,669
43,4181
25,145i
55,8251 173,887
57,113
35,098
28,209
68,395
377,506
44,673
22,790|
12,095
21,434
34,591
10,391
672,827
43,524
716,351
19,480
13,919
740,423 2,484,990
30,303
85,209
770,726 2,570,199
21,333
15,718
37,939
48,281
Discounts and advances:
Secured by U. S. Govt.
14,120
148,405
34,340; 50,720
66,773! 151,112 147,920
18,900
39,110 129,549
securities
26,100
42,100
474|
2,156
508'
693
585!
362
1,403
285
185
300
400
Other
862
Acceptances:
l
25,884
'
!
!
Bought outright
Held under repurchase
agreement
1,915!.
U. S. Govt. securities:
l,438,688j 6,678,017 1,513,282 2,297,495 1,700,685.1,398,591 4,592,231 j 1,079,248, 604,427 1,143,865 1,059,186 3,030,997
Bought outright
Held under repurchase
!
94,400|.
agreement
Total loans and securities
Due from foreign banks
Cash items in process of
collection
Bank premises
Other assets
Total assets.
1,453,282 6,950,777 1,548,130 2,348,908; 1,768,043! 1,550,0654,741,5541,098,433
1
H
1
I
351,457!
4,359
16,161
I
I
4,074
912,507]
10,009 287,650
16,678
74,007
1
1!
•
9,255! 401,824
6,741
405,812
26,122;
1!
2
I 361,084I
18,900
813,952
9,702 14,341
16,775! 51,288
643,722 1,273,714 1,085,686 3,073,959
|
229,012| 149,448
7,112!
5,143
11,997!
6,758
1
1
1
240,071
4,664
13,609
231,305
10,575
11,953
480,690
12,422
33,886
2,833,336|l3,128,862j3,003,566]4,512,599 3,391,282 2,930,3209,020,320 2,185,239 1,250,349j2,281,809 2,147,297 6,257,377
Liabilities
1,568,252 6,426,312 1,731,942 2,497,064 2,103,10211,522,296 5,246,616 1,215,115 602,559 1,099,742 803,138 2,746,242
F. R. notes
Deposits:
813,794 5,191,275' 894,088:1,477,105 821,863 983,9642,790,623 668,977 465,023 884,700 1,027,765 2,798,669
Member bank reserves....
U. S. Treasurer—general
56,968i
30,095! 41,394
54,263
23,498
23/767
54,794
57,703
18,523
35,525
63,624
account
27,408
381,411! 18,546! 25,290
14,050
10,397!
6,744
15,455
13,207
41,588
31,472
Foreign
10,959
14,612
752!
304
2,089
275,103
1,278!
733
2,997
1,681
690
47,219
Other
548
1,488
Total deposits
Deferred availability cash
items
Other liabilities and accrued
dividends
Total liabilities
854,836 5,604,757
325,272
944,007 1,544,522! 893,173 1,022,6192,887,695
i
I
682,933; 228,122, 333,867! 315,643
i
1,854
!
i
311,151! 658,587
1,885!
6,258
737,829
490,594
931,732 1,071,273 2,940,984
173,562
119,704
189,002
195,798
398,380
1,712
1,454
4,932
1,481
10,384
2,047i
3,834,
1,996
2,750,214 12,724,38612,906,118;4,379,287|3,313,914 2,857,9518,799,156 2,127,98711,213,98812,222,188 2,071,663 6,090,538
I
Capital Accounts
Capital paid in
Surplus
Other capital accounts.
1,131!
18,954
50,116
14,052
110,338;
238,902!
55,236!
22,787i
59,607j
15,054:
36,076
76,643
20,593!
17,206!
44,846!
15,316!
19,933 52,298
39,474; 132,159
12,962 36 707
12,803;
33,746!
10,703!
I
8,738
20,785
6,838
15,671
32,935
11,015
22,086
43,436
10,112
47,128
95,761
23,950
Total liabilities and capital
accounts
2,833,336 13,128,862J3,Q03,566j4,512,599i3,391,282!2,930,320!9,020,320 2,185,239| 1,250,349 2,281,809 2,147,297 6,257,377
Reserve ratio (per cent)
Contingent liability on acceptances purchased for
foreign correspondents.
38.4
41.8
40.5^
40.9;
37.6i
35.4
40.6
41.2|
3,432
4i7>493-
4,118;
5,616
3,120
2,933
9,235;
2,309!
36.6!
1,498
35.3
41.1
45.2
2,433
3,245
6,989
Industrial loan commitments.,
1 After deducting $11,000 participations of other Federal Reserve Banks.
2 Less than $500.
3 After deducting $202,320,000 participations of other Federal Reserve
Banks.
4
After deducting $44,928,000 participations of other Federal Reserve
Banks.
1367
FEDERAL RESERVE BANKS
FEDERAL RESERVE NOTES—FEDERAL RESERVE AGENTS' ACCOUNTS
[In thousands of dollars]
FEDERAL RESERVE BANKS COMBINED
Wednesday
End of month
1959
Oct. 21
Oct. 28
F. R. notes outstanding (issued to Bank).
Collateral held against notes outstanding:
Gold certificate account
Eligible paper
U. S. Government securities
Oct. 14
1959
Oct. 7
Sept. 30
1958
Sept.
Oct.
Oct.
28,591,827 28,614,057 28,551,401 28,547,693 28,571,174 28,556,692 28,571,174 28,017,260
10,510,000 10,510,000 10 ,480,000 10,700,000 10 ,200,000 10,510,000 10,200,000 11,393,000
73,307
103,425
80,492
126,894
115,294
182,789)
80,492
79,839
19,160,000 19,160,000 19,060,000 19,060,000 19,560,000 19,160,000' 19,560,000 17,670,000
Total collateral
29,785,294 :9,796,394 29,613,30729,863,425 29,840,492 29,852,789 29,840,492 29,142,839
EACH FEDERAL RESERVE BANK ON OCTOBER 31, 1959
Item
Boston
NewYork
Philadelphia
Cleveland
Richmond
Atlanta
Chicago
L
^.s
Minneapolis
Kansas
City
Dallas
San
Francisco
F. R. notes outstanding
(issued to Bank)
1,653,348 6 ,673,530 1,777,501 2,569,367 2,171,156 1,588,690 5; 353,114 1,269,282 617,836 1,134,186 855,267 2,893,415
Collateral held:
Gold certificate acct.. 530,000 2,700,000 640,000 920,000 700,000 500,000 2 000,000 430,000 200,000 300,000 290,000 1,300,000
18,900
34,340
129,549
Eligible paper
U.S. Govt. securities. 1,200,000 4,100,000 1,200,000 1,750,000 1,550,000 1,200,000 3,500,000 935,000 450,000 850,000 625,000 1,800,000
Total collateral.... 1,730,000 6,800,000 1,874,340 2,670,000 2,250,000 1,700,000 5,500,000 1,383,900 650,000 1,279,549 915,000 3.100;000
INDUSTRIAL LOANS BY FEDERAL RESERVE BANKS
LOANS GUARANTEED UNDER REGULATION V»
[Amounts in thousands of dollars]
[Amounts in millions of dollars]
Applications
approved
to date
End of
year or
month
1953
1954
1955
1956
1957
Number
Amount
3,765
3,771
3,778
3,782
3,786
803,429
818,224
826,853
832,550
841,290
3,787
3,787
3,787
3,787
3,787
3,787
3,787
3,787
3,787
3,787
3,787
3,787
3,787
ParticiCommit- ofpations
Loans
proved
ments ingfinancinstioutbut not
outtutions
standing 2 standing
comoutpleted i (amount) (amount)
standing 3
(amount)
(amount)
End of
year or
month
1,900
719
702
794
524
3,569
1,148
2,293
2,365
1,109
3,649
1,027
1,103
1,129
1,122
1953
1954
1955
1956
1957
843,321
843,321
843,321
843,321
339
338
337
335
1,032
1,019
1,015
975
816
810
807
806
Sept
Oct
Nov
Dec
843,321
843,321
843,321
843,321
843,321
843,321
843,321
843,321
843,321
334
333
332
330
329
328
327
960
360
360
360
360
360
355
350
5
785
384
383
383
382
381
380
380
40
Jan
Feb
Mar
Apr
May
June
July
Aug
Sept
1,951
520
305
Amount
Total
amount
Portion
guaranteed
1,294
1,367
1,411
i;468
1,503
2,358
2,500
2,575
2,761
2,912
805
472
294
389
395
666
368
226
289
300
364
273
170
125
135
1 S31
1,538
1,540
1,543
3,071
3,089
3,090
3,105
298
304
303
310
228
231
231
236
190
184
182
168
1,548
1,549
1,550
1,552
1,557
1,557
1,557
1,558
1,560
3,116
3,118
3,120
3,128
3,169
3,170
3,170
3,174
3,174
324
329
335
314
313
317
323
330
342
246
250
254
241
240
240
244
249
257
147
141
128
142
151
137
129
121
101
1959
1959
Jan
Feb
Mar
Apr
May
June
July
Aug
Sept
Number
Additional
amount
available to
borrowers
under guarantee agreements
outstanding
Loans
outstanding
1958
1958
Sept
Oct
Nov
Dec
Loans
authorized
to date
1
Includes applications approved conditionally by the Federal Reserve
Banks
and under consideration by applicant.
2
Includes industrial loans past due 3 months or more, which are not
included in industrial loans outstanding in weekly statement of condition
of Federal Reserve Banks.
3 Not covered by Federal Reserve Bank commitment to purchase or
discount.
NOTE.—The difference between amount of applications approved and
the sum of the following four columns represents repayments of advances,
and applications for loans and commitments withdrawn or expired.
1
Loans made by private financing institutions and guaranteed by Government procurement agencies, pursuant to the Defense Production Act
of 1950. Federal Reserve Banks act as fiscal agents of the guaranteeing
agencies in these transactions, and the procedure is governed by Regulation V of the Board of Governors.
NOTE.—The difference between guaranteed loans authorized and sum
of loans outstanding and additional amounts available to borrowers
under guarantee agreements outstanding represents amounts repaid,
guarantees authorized but not completed, and authorizations expired or
withdrawn.
1368
BANK DEBITS
MAXIMUM INTEREST RATES PAYABLE ON TIME DEPOSITS
FEES AND RATES ON LOANS GUARANTEED
UNDER REGULATION VI
[Per cent per annum]
[In effect Oct. 31]
Type of deposit
Nov. 1,
1933Jan. 31,
1935
Feb. 1,
1935Dec. 31,
1935
Jan. 1,
1936Dec. 31,
1956
Effective
Jan. 1,
1957
Savings deposits
3
2V2
21/2
3
Postal savings deposits
3
2Vi
21/2
3
Other time deposits payable:
In 6 months or more
In 90 days to 6 m o n t h s . . . .
In less than 90 days
3
3
3
2Vi
I*
3
2V 2
%
Fees Payable to Guaranteeing Agency by Financing
Institution on Guaranteed Portion of Loan
Percentage of
loan guaranteed
Guarantee fee
(percentage of
interest payable
by borrower)
70 or less
75
80
85
1
NOTE.—Maximum rates that may be paid by member banks as established by the Board of Governors under provisions of Regulation Q.
Under this Regulation the rate payable by a member bank may not in any
event exceed the maximum rate payable by State banks or trust companies
on like deposits under the laws of the State in which the member bank is
located. Maximum rates that may be paid by insured nonmember commercial banks as established by the F.D.I.C., effective Feb. 1, 1936, are
the same as those in effect for member banks.
90
95
Over 95
Percentage of
any commitment
fee charged
borrower
10
10
15
20
25
30
15
20
25
30
35
35
40-50
40-50
Maximum Rates Financing Institution May Charge Borrower
[Per cent per annum]
Interest rate
Commitment rate.
Vi
1
Schedule of fees and rates established by the Board of Governors on
loans made by private financing institutions and guaranteed by Government procurement agencies, pursuant to the Defense Production Act
of 1950. Federal Reserve Banks act as fiscal agents of the guaranteeing
agencies in these transactions, and the procedure is governed by Regulation V of the Board of Governors.
BANK DEBITS AND DEPOSIT TURNOVER
[Debit in millions of dollars]
Debits to demand deposit accounts,
except interbank and
U. S. Government accounts
Year or month
1951
195?
1953
1954
1955
1956
1957
1958
1958
Julv
Aug
Sept
Oct
Nov
Dec
1959
Jan
Feb
Mar
Apr
May
June
July
Aug
Sept
Oct
.
Total, all
reporting
centers
New
York
City
1.542,554
1.642,853
1,759,069
1.887,366
2,043.548
2 200,643
2.356.768
2,439,754
Without seasonal adjustment
Seasonally adjusted3
6
337 other
other
reporting
centers * centers2
New
York
City
544,367
597,815
632.801
738.925
766,890
815 856
888.455
958.721
336,885
349,904
385,831
390.066
431.651
462 859
489.311
487,443
661,302
695 133
740,436
758.375
845 007
921 928
979,002
993 590
31.9
34 4
36.7
42.3
42 7
45 8
49.5
53 6
24.0
24.1
25.6
25.8
27.3
28 8
30.4
30.0
18.4
18 4
18.9
19.2
20 4
21 8
23.0
22 9
206,524
185.849
195.205
212,894
183 092
238,975
82.214
68.620
70,887
79.620
64 804
92,711
40.701
37 942
40.520
43.594
38 224
48.690
83,609
79 287
83,798
89,680
80 064
97,573
54.8
46 4
49.4
50.1
47 4
58.2
29.6
27 4
30.3
29.8
30 0
33.2
22.9
21 7
23.6
23.1
23 8
24.9
55.9
51 6
50.1
52.6
47 4
52.4
30.0
29 4
30.7
31.6
29 4
32.2
22.9
22 7
23.3
23.7
22 6
23.8
r
221,953
'195,764
r
223,367
'225,362
'"216,003
'228,601
'235
637
r
208,130
'215,843
230.248
86,507
74,346
84,710
88,049
80,725
86,598
89,600
75,233
81,067
89,519
44 505
39,635
47 485
'45,955
44,646
46,429
48,422
43 265
43,259
46,083
90 941
'81,783
'91 172
'91,358
'90,631
'95,574
'97,615
'89 633
'91,516
94,646
54 0
54.1
54 5
56.2
54.9
56.8
58.4
50 0
56.2
56.9
30 3
31.0
34 2
'33.2
32.9
32.7
33.6
30 5
32.2
^31.4
23 2
24.1
'23 9
23.9
24.8
25.0
25.4
23 5
25.1
^24.0
53 1
53.6
53 1
57.3
55.7
54.2
59.5
55 6
57.0
59.7
31 0
31.4
31 6
'32.2
32.9
32.0
34.1
32 7
32.6
^33.3
23 2
24.2
'24 2
24.6
24.9
24.7
25.4
24 6
24.8
^24.7
p
' Revised.
Preliminary.
i Boston, Philadelphia, Chicago, Detroit, San Francisco, and Los
Angeles.
* Prior to April 1955, 338 centers.
Annual rate of turnover of demand deposits except
interbank and U. S. Government deposits
r
6
337 other
other
reporting
centers 1 centers2
New
York
City
6
337 other
other
reporting
centers * centers 2
3
These data are compiled by the Federal Reserve Bank of New York.
Seasonal adjustment factors have been revised for the period 1943 to date.
For back figures on the revised basis, see BULLETIN for May 1959, p. 554.
NOTE.—For description see BULLETIN for April 1953, pp. 355-57.
1369
CURRENCY
DENOMINATIONS OF UNITED STATES CURRENCY IN CIRCULATION
[On basis of compilation by United States Treasury.
In millions of dollars]
Total
in circulation i
Total
Coin
$12
$2
$5
$10
$20
Total
$50
$100
$500
1939
1941
1945
1947
1950
1953
1954
1955
1956
1957
7,598
11,160
28,515
28,868
27,741
30,781
30,509
31,158
31,790
31,834
5,553
8,120
20,683
20,020
19,305
21,636
21,374
22,021
22,598
22,626
590
751
1,274
1,404
1,554
1,812
1,834
1,927
2,027
2,110
559
695
1,039
,048
,113
,249
,256
,312
,369
,398
36
44
73
65
64
72
71
75
78
80
1,019
1,355
2,313
2,110
2,049
2,119
2,098
2,151
2,196
2,188
1,772
2,731
6,782
6,275
5,998
6,565
6,450
6,617
6,734
6,662
1,576
2,545
9,201
9,119
8,529
9,819
9,665
9,940
10,194
10,187
2,048
3,044
7,834
8,850
8,438
9,146
9,136
9,136
9,192
9,208
460
724
2,327
2,548
2,422
2,732
2,720
2,736
2,771
2,777
919
1,433
4,220
5,070
5,043
5,581
5,612
5,641
5,704
5,752
191
262
454
428
368
333
321
307
292
280
425
556
801
782
588
486
464
438
407
384
20
24
7
5
4
4
3
3
3
3
1958—Sept....
Oct
Nov... .
Dec.. . .
31,245
31,386
32,036
32,193
22,154
22,264
22,832
22,856
2,127
2,142
2,163
2,182
,417
,426
,457
,494
80
80
80
83
2,072
2,091
2,154
2,186
6,433
6,477
6,683
6,624
10,025
10,048
10,294
10,288
9,091
9,122
9,205
9,337
2,704
2,707
2,739
2,792
5,726
759
274
273
273
275
376
371
373
373
3
3
4
3
1959—Jan
Feb
Mar....
Apr
May. . .
June...
July
Aug.. . .
Sept....
31,125
31,129
31,250
31,349
31,638
31,914
31,898
31,973
31,848
21,926
21,975
22,111
22,209
22,479
22,731
22,721
22,784
22,672
2,139
2,144
2,164
2,175
2,193
2,215
2,224
2,241
2,259
,408
,406
,414
,429
,447
,449
,436
,444
,464
80
80
80
80
81
83
82
83
82
2,064
2,062
2,075
2,083
2,112
2,117
2,104
2,111
2,112
6,340
6,378
6,410
6,452
6,534
6,584
6,562
6,572
6,521
9,894
9,904
9,968
9,989
10,112
10,282
10,312
10,333
10,233
9,199
9,155
9,139
9,140
9,158
9,184
9,178
9,189
9,176
2,733
2,714
2,704
2,710
2,721
2,742
2,742
2,741
2,733
5,814
5,791
5,789
5,787
5.796
5,808
5,804
5,820
5,823
272
271
270
269
269
265
266
264
263
368
367
366
363
361
357
355
352
347
3
3
3
3
3
3
3
3
3
End of year or
month
Coin and small denomination currency
1
Outside Treasury and Federal Reserve Banks. Prior to December
1955 the totals shown as in circulation were less than totals of coin and
Large denomination currency
$1,000 $5,000 $10,000
32
46
24
17
12
11
15
12
14
13
paper currency shown by denomination by amounts of unassorted currency (not shown separately).
2
Paper currency only; $1 silver coins reported under coin.
KINDS OF UNITED STATES CURRENCY OUTSTANDING AND IN CIRCULATION
[On basis of compilation by United States Treasury.
In millions of dollars]
Currency in circulation l
Held in the Treasury
Kind of currency
Gold
Gold certificates
Federal Reserve notes
Treasury currency—total
Standard silver dollars
Silver bullion
Silver certificates and Treasury notes of 1890.
Subsidiary silver coin
Minor coin
United States notes
Federal Reserve Bank notes
National Bank notes
Total—Sept. 30, 1959.
Aug. 31, 1959.
Sept. 30, 1958.
1
Total outstanding As security
Sept. 30,
against
1959
gold and
silver
certificates
19,491
19,234
28,571
5,289
19,234
2257
32,414
80
40
488
2,251
12,414
1,501
536
347
109
57
163
2,251
For
F. R.
Banks
and
agents
16,387
21,648
21,667
22,741
Outside Treasury and Federal Reserve Banks. Includes any paper
currency held outside the continental limits of the United States. Totals
for other end-of-month dates are shown in table above; totals for Wednesday dates, in table on p. 1362.
2
Includes $156,039,431 held as reserve against United States notes
and Treasury notes of 1890.
3
To avoid duplication, amount of silver dollars and bullion held as
security against silver certificates and Treasury notes of 1890 outstanding
is not included in total Treasury currency outstanding.
4 Less than $500,000.
5
Because some of the types of currency shown are held as collateral or
reserves against other types, a grand total of all types has no special
significance and is not shown. See NOTE for explanation of duplications .
NOTE.—There are maintained in the Treasury—(1) as a reserve for
United States notes and Treasury notes of 1890—$156,039,431 in gold
bullion; (2) as security for Treasury notes of 1890—an equal dollar amount
in standard silver dollars (these notes are being canceled and retired on
Treasury
cash
25
377
392
684
16,387
16,411
17,473
Held by
F. R.
Banks
and
agents
2,816
1,539
383
Sept. 30,
1959
Aug. 31,
1959
31
26,952
4,866
27,093
4,848
31
Sept. 30,
1958
32
26,434
4,779
8
292
291
273
287
54
8
27
2,128
1,441
526
315
108
57
2,127
1,429
521
316
108
57
2,163
1,360
493
314
118
59
4,738
4,588
4,530
31,848
31,973
31,245
receipt); (3) as security for outstanding silver certificates—silver in bullion
and standard silver dollars of a monetary value equal to the face amount
of such silver certificates; and (4) as security for gold certificates—gold
bullion of a value at the legal standard equal to the face amount of
such gold certificates. Federal Reserve notes are obligations of the
United States and a first lien on all the assets of the issuing Federal Reserve
Bank. Federal Reserve notes are secured by the deposit with Federal
Reserve agents of a like amount of gold certificates or of gold certificates
and such discounted or purchased paper as is eligible under the terms of
the Federal Reserve Act, or of direct obligations of the United States.
Each Federal Reserve Bank must maintain a reserve in gold certificates of
at least 25 per cent against its Federal Reserve notes in actual circulation. Gold certificates deposited with Federal Reserve agents as collateral, and those deposited with the Treasury of the United States as a
redemption fund, are counted as reserve. Gold certificates, as herein
used, includes credits with the Treasurer of the United States payable
in gold certificates. Federal Reserve Bank notes and national bank
notes are in process of retirement.
1370
ALL BANKS
CONSOLIDATED CONDITION STATEMENT FOR BANKS AND THE MONETARY SYSTEM 1
[Figures partly estimated except on call dates.
In millions of dollars]
Liabilities
and Capital
Other
securities
Total
assets,
netTotal
liabilities
and
capital,
net
Total
deposits
and
currency
Capital
and
misc.
accounts,
net
Bank credit
Date
Gold
Treasury
currency
outstanding
U. S. Government obligations
Total
Commercial
and
savings
banks
Federal
Reserve
Banks
Other
Loans,
Total
4,037
4,031
17,644
22,737
20,065
22,754
22,706
21,690
21,949
22,781
21,356
2,019
2,286
2,963
3,247
4,339
4,562
4,636
5,008
5,066
5,146
5,204
58,642
42,148
54,564
64,653
167,381
160,832
171.667
217,437
223,742
229,470
240,451
41,082
21,957
22,157
26,605
30,387
43,023
60,366
100,031
110,120
115,157
116.842
5,741
10,328
23.105
29.049
128.417
107.086
96,560
96,736
93,161
91,370
97,849
5,499
8,199
19,417
25.511
101,288
81.199
72,894
70,052
66,523
65,792
71,611
216
1,998
2.484
2|254
24,262
22,559
20,778
24,785
24,915
24,238
25,000
26
131
1,204
1,284
2,867
3,328
2,888
1,899
1,723
1,340
1,238
11,819
9,863
9,302
8,999
8,577
10,723
14,741
20,670
20,461
22,943
25,760
64,698
48,465
75,171
90,637
191,785
188,148
199.009
244,135
250,757
257,397
267,011
55,776
42,029
68,359
82,811
180,806
175,348
184,384
224,943
230,510
236,372
244,131
8,922
6,436
6,812
7,826
10.979
12,800
14.624
19,193
20.246
21,023
22,880
1958—Oct. 29.
Nov. 26.
Dec. 31.
20,700
20,600
20,534
5,200
5,200
5,234
243,300 117,000
246,200 118,200
249,082 121,602
100,100
102,000
101,207
73,500
75,000
73,641
25,400
25,800
26,347
1,200
1,200
1,219
26,200
26,000
26,273
269,200
272,000
274,850
245,100
248,200
252,022
24,100
23,800
22,829
1959—Jan.
Feb.
Mar.
Apr.
May
June
June
July
Aug.
Sept.
Oct.
20,500
20,500
20,400
20,300
20,200
20,137
19,800
19,600
19,600
19,500
19,500
5,200
5,200
5,200
5,300
5,300
5,279
5,300
5,300
5,300
5,300
5,300
247,300
245,300
244,900
247,900
248,300
248,626
248,500
250,700
251,200
252,100
251,900
119,800
119,800
121,400
123,500
124,800
125,715
126,900
128,400
129,800
131,600
131,600
101,500
99,400
97,200
97,800
97,100
96,478
95,200
96,000
95,200
94,100
94,000
74,900
72,900
70,600
71,000
70,000
69,384
68,200
68,400
67,600
66,500
66,600
25,400
25,300
25,500
25,600
25,900
25,944
25,900
26,500
26,500
26,600
26,400
1,200
1,200
1,100
1,200
1,200
1,150
1,200
1,100
1,100
1,100
1,100
26,000
26,100
26,300
26,600
26,400
26,433
26,300
26,300
26,200
26,500
26,300
273,100
271,000
270,600
273,500
273,700
274,042
273,600
275,700
276,100
276,900
276,600
249,600
247,100
246,700
249,800
249,400
249,547
249,400
251,400
251,100
252,100
251,700
23,500
23,900
23,900
23,700
24,300
24,494
24,200
24,200
25,000
24,800
25,000
1929—June
1933—June
1939—Dec.
1941_Dec.
1945—-Dec.
1947—Dec.
1930—Dec.
1955—Dec.
1956—Dec.
1957—Dec.
1958__june
29.,
30.
30.,
31.
31.
31.
30.
31.
31.
31.
23.
28.
25.
25.
29.
27.
10.
24.
29.
26.
30*
28 *>,
Details of Deposits and Currency
U. S. Govt. balances
Date
Foreign
bank
deposits,
net
At
Treas- comury
At
cash mercial F. R.
and Banks
holdings savings
banks
Deposits adjusted and currency
Time deposits2
Total
Total
Demand
Com- Mutual Postal
demercial savings Savings posits4
banks banks 3 System
29..
30..
30..
31..
31..
31..
30..
31..
31..
31..
23..
365
50
1,217
1,498
2,141
1,682
2,518
3,167
3,306
3,270
3,953
1958—Oct. 29..
Nov. 26..
Dec. 31..
3,800
3,700
3,870
700
700
683
3,700
5,900
4,558
500 236,400 97,500 62,900 33,400
500 237,500 96,800 62,100 33,500
358 242,553 98,306 63,166 34,006
1959—Jan. 28..
Feb. 25..
Mar. 25..
Apr. 29.
May 27.
June 10..
June 24.,
July 29.
Aug. 26.
Sept. 30*
Oct. 28*>,
3,800
3,700
3,900
3,700
3,700
3,587
3,600
3,400
3,300
3,300
3,100
700
700
700
700
700
717
400
400
400
400
400
4,800
4,500
3,900
4,600
5,200
3,077
4,700
5,000
6,000
6,400
5,400
500
500
500
500
500
414
500
600
300
700
500
1929—June
1933—June
1939—Dec.
1941—Dec.
1945—Dec.
1947_Dec.
1950—Dec.
1955—Dec.
1956—Dec.
1957—Dec.
1958—June
v
1
204
381
264
852
846
2,409
2,215
1,895
2,287 24,608
1,452
1,336
1,293
2,989
767 4,038
775 4,038
761
4,179
700 9,471
36
35
634
867
977
870
668
394
441
481
524
54,790
40,828
63,253
76,336
150,793
170,008
176,916
216,577
221,950
227,681
229,483
239,800
237,700
237,600
240,300
239,300
241,752
240,100
242,000
240,800
241,400
242,200
28,611
21,656
27,059
27,729
48,452
56,411
59,247
78,378
82,224
89,126
95,524
98,400
98,700
99,500
99,900
100,400
100,838
101,000
100,900
101,200
101,500
101,100
Preliminary.
* Revised preliminary figures.
Represents all commercial and savings banks, Federal Reserve Banks,
Postal Savings System, and Treasury currency funds (the gold account,
Treasury currency account, and Exchange Stabilization Fund).
2 Excludes interbank time deposits; U. S. Treasurer's time deposits,
open account; and deposits of Postal Savings System in banks.
3 Prior to June 30, 1947, includes a small amount of demand deposits.
4
Demand deposits other than interbank and U. S. Govt., less cash
items reported as in process of collection.
5 Seasonally adjusted series begin in 1947 and are available only for
last Wednesday of the month. For back figures, see BULLETIN for July
1957, pp. 828-29.
19,557
10,849
15,258
15,884
30,135
35,249
36,314
48,359
50,577
56,139
61,473
63,400
63,700
64,100
64,500
65,000
65,309
65,400
65,300
65,600
65,700
65,500
8,905
9,621
10,523
10,532
15,385
17,746
20,009
28,129
30,000
31,662
32,837
33,800
34,000
34,300
34,300
34,400
34,471
34,600
34,500
34,600
34,800
34,600
149
1,186
1,278
1,313
2,932
3,416
2,923
1,890
1,647
1,325
1,214
22,540
14,411
29,793
38,992
75,851
87,121
92,272
109,914
111,391
110,254
'-,169
106
Seasonally adjusted series 5
Currency
outside
banks
3,639
4,761
6,401
9,615
26,490
26,476
25,398
28,285
28,335
28,301
27,790
Total
demand
deposits
adjusted
and
currency
111,100
114,300
133,200
134,400
133,200
135,400
Demand
deposits
adjusted
Currency
outside
banks
85,200
89,800
105,800
106,700
105,100
107,400
25 ,900
24 ,500
27 ,400
27 ,700
28 ,100
28 ,000
1,200 111,000 28,000
1,100 111,900 28,800
1,134 115,507 28,740
138,100 110,200 27 ,900
138,800 110,600 28 ,200
139,400 111,300 28 ,100
1,100
1,100
1,100
1,100
1,100
1,058
1,100
1,000
1,000
1,000
1,000
138,500
139,100
140,300
140,700
140,900
(5)
140,900
142,700
141,400
140,500
140.100
113,800
111,300
110,300
110
112,500
110,700
112,351
110,700
112,700
111,100
111,400
112,700
27,600
27,700
27,900
27,900
28,100
28,563
28,300
28,400
28,500
28,500
28,300
27 ,800
27 ,900
28 ,100
28 ,200
28 ,300
()
112,500 28 ,400
114,200 28 ,500
112,900 28 ,500
112,200 28 ,300
111,900 28,200
110,700
111,200
112,200
112,500
112,600
()
NOTE.—For description of statement and back figures, see BULLETIN
for January 1948, pp. 24-32. The composition of a few items differs
slightly from the description in the BULLETIN article; stock of Federal
Reserve Banks held by member banks is included in other securities and
in capital and miscellaneous accounts, net, and balances of the Postal
Savings System and the Exchange Stabilization Fund with the U. S.
Treasury are netted against capital and miscellaneous accounts, net,
instead of against U. S. Govt. deposits and Treasury cash. Total deposits
and currency shown in the monthly Chart Book excludes foreign bank deposits, net, and Treasury cash. Except on call dates, figures are rounded
to nearest $100 million and may not add to the totals.
ALL BANKS
1371
PRINCIPAL ASSETS AND LIABILITIES AND NUMBER OF ALL BANKS, BY CLASSES 1
[Figures partly estimated except on call dates. Amounts in millions of dollars]
Deposits
Loans and investments
Class of bank
and date
Total
All banks:
1941—Dec.
1945—Dec.
1947—Dec.
1956—Dec.
1957—Dec.
1958—June
Oct.
Dec.
1959—May
June
June
July
Aug.
Sept.
Oct.
Loans
Total
assets—
Total
liaCash
U. S.
assets2 bilities
and
2
Govt. Other
secucapital Total
obliga- rities
ac- 3
tions
counts
61,126
140,227
134,924
197,063
203,849
215,179
217,690
221,485
222,880
223,372
223,200
225,060
225,780
225,530
225,920
26,615
30,362
43,002
110,079
115,115
117,808
117,960
121,571
126,440
127,555
128,690
130,350
131,970
132,610
133,070
25,511
999 27
90,908 81
101,288
177,332 165
577 35
81,199 10,723 38,388 175,091 161,865
66,523 20,461 49,641 250,'770 227;
65,792 22,943 49 318 257,864 233;
,760 44 423 264,525 237;
All commercial banks:
1941—Dec. 31
1945—Dec. 31
1947—Dec. 3H
1956—Dec. 31
1957—Dec. 31
1958—June 23
Oct. 29
Dec. 31
1959—May 27
June 10
June 24
July 29
Aug. 26
Sept. 30*
Oct. 28^
50,746
124,019
116,284
165,123
170,068
179,905
181,670
185,165
185,810
186,151
185,920
187,660
188,190
187,790
188,290
21,714
26,083
38,057
90,302
93,899
95,571
94,970
98,214
102,440
103,406
104
104,450
105,940
107,370
107,830
108,160
283
21,808 7,225 26,551 79,104
227
90,606 7,331 34,806 160,312
69,221
,006 37 502 155,377 144;103
,269 48 720 217 460 197
58,552
,930 48 428 222; 696 201;
58,239
64,194 20 ,140 43, 507 227; 847 204;
66,170 20 ,530 42. 160 228; 130 203
66,376 20 ,575 48; 990 238; 651 216,017
62,620 20 ,750 41, 760 232; 100 206.
62,035 20 ,710 42, 894 233. 726 207;
60,860 20 ,61041. 930 232; 380 206,
61,110 20 ,610 4i; 570 233; 870 208; 130
60,290 20 .530 41; 430 234; 170 207;
59,230 20 730 43 910 236. 500 211
236; 530 210,310
59,520 20;
All member banks:
1941—Dec. 31
1945—Dec. 31
1947—Dec. 31
1956—Dec. 31
1957—Dec. 31
1958—June 23
Oct. 29
Dec. 3 1 . . . .
1959—May 27
June 10
June 24
July 29
Aug. 26
Sept. 30*
Oct. 28?
43,521
107,183
97,846
138,768
142,353
151,589
152,102
154.865
155,067
155,289
155,007
156,558
156,537
155,938
156,299
18,021
22,775
32,628
78,034
80,950
82.146
81,375
84,061
87,660
88,431
89,301
90,697
91,757
92,063
92,327
31
31
3H
31
31
23
29
31
27
10
24
29
26
30*
28^
All mutual savings banks:
1941—Dec. 31
1945_Dec. 31
1947—Dec. 3H
1956—Dec. 31
1957—Dec. 31
1958—June 23
Oct. 29
Dec. 31
1959—May 27
June 10
June 24
July 29
Aug. 26
Sept. 30*
Oct. 28^
10,379
16,208
18,641
31,940
33,782
35,274
36,020
36,320
37,070
37,221
37,280
37,400
37,590
37,740
37,630
73,500
73,641
010
384
170
400
68;400
67,570
66,470
66,580
19,539
78,338
57,914
47,575
47,079
53,165
54,166
54,299
50,731
50,225
49,164
49,340
48,370
47,307
47,534
961 23,123 68,121
070 29
138,304
304 32;
132,060
159 42
184,874
324 42;
188,828
16,277 38,489 194,003
16,561 37,020 192,945
16; 504 43; 188 202.017
16 676 36 935 195,986
16,633 37,856 197,265
16,542 37,171 196,182
16,521 36,765 197,411
16,410 36,547 197,076
16,568 38,834 198,984
16,438 38,485 198,939
61,717
129,670
122,528
167,906
170,637
173,904
172,301
182,816
174,225
174,811
174,073
175,344
174,568
177,713
176,530
11,804
17,020
19,714
33,311
35,168
36,678
37,360
37,779
38,380
38,526
38,610
38,650
38,840
39,000
38,800
10,533
15,385
17,763
30,032
31,695
32.869
33,460
34,040
34,420
34,503
34,600
34,560
34,640
34,840
34,650
3,704 1,774
4,901
4,279 10,682 1,246
4,944 11,978 1,718
19,777 7,971 4,192
21,216 7,552 5,013
22,237 7,417 5,620
22,990
5,700
5,698
23,357
24,000
5,680
5,724
24,149
24,240
5,730
5,700
24,410
24,600
5,710
5,720
24,780
24,910 7,060 5.660
793
609
886
920
890
916
860
921
750
780
800
720
720
720
660
Other
Bor- Total Number
row- capital
acof
ings counts
banks
Demand
Demand
Time
10,982
14,065
12,793
240
16,133 1,462
15,636 1,386
13,789 2,497
14,000 2,340
26,230 43 020 265; 490 237.
26.273 49 911 276,-430 250;
15,799 2,374
26,430 42 510 270,-480 241;
12 ,750
— 2,230
26,433 43: 675 272,:253 242;
13,481 2,137
26, 340 42 730 270, 990
12,870 2,030
! 241
26,
26,310
310 42,290
42
272,520 242,
12,630 1,990
26,240 42,150 273,010 2 4 2 ^ 5 0 12,900 1,910
26,450 44,630 275,500 246,320 13,.__
,700 1,780
26,270 44,170 275,330 244,960 13,210 1,710
v Preliminary.
* Revised preliminary figures.
1 All banks in the United States. Beginning with January 1959,
all banks in Alaska with total deposits of $172 million were included
in the series (a national member bank has been included since April
1954); beginning with August 1959, all banks in Hawaii with total deposits
of $365 million were included in the series (a national member bank
with total deposits of $220 million has been included in the series since
April 1959).
All banks comprise all commercial banks and all mutual savings banks.
All commercial banks comprise (1) all nonmember commercial and
(2) all member commercial banks. Member banks include (1) a national
bank in the Virgin Islands that became a member on May 31, 1957, (2)
a noninsured nondeposit trust company, and (3) three mutual savings
Interbank 2
10,982
14,065
12,792
240
16,133 1,460
15,636 1,385
13,789 2,495
14,000 2,340
15,799 2,372
12,750 2,230
13,481 2,135
12,870 2,030
12,630 1,990
12,900 1,910
13,700 1,780
13,210 1,710
10,385
13,576
12,353
15,567
15,082
13,274
13,450
15,227
12,253
12,945
12,357
12,119
12,356
13,181
12,657
Time
U. S.
Govt.
Other
44,355
105,935
3,440
060 96,610
4,253
132 97,498
4,890 121 540 99,680
2,776 123,601 100,101
4,420 121,600 100,310
4,680 123,250 100,140
5,720 121,490 100,530
6,140 123, 860 100,840
5,170 124 420 100,450
44,349
105,921
1,343
3,733
3,898
9,205
3,440
4,250
4,890
2,774
4,420
4,680
367
282
967
086
030
104
510
574
570
220
5,720 121 460
830
6,140
390
5,170
23 8,414 14,826
227 10,542 14,553
14,714
14,167
14,090
14,055
1,400 21
14,028
81 21,705 14,020
2,240 22 270 14,000
2,772 22 415 13,988
2,710 22 360 13,997
2,580 22 510 13,994
2,770 22 700 14,004
1,410 22 840 13,996
2,460 22,870
"'
13,993
15,952
30,241
35,360
50,908
56,440
61,759
63,180
63,493
65,290
65,631
65,740
65,610
65,920
66,030
65,830
23
219
65
75
77
1,136
1,400
73
2,240
2,770
2,710
2,580
2,770
1,410
2,460
7,173 14,278
8,950 14,011
10,059 14,181
16,302 13,640
17,368 13,568
18,178 13.535
18,470 13,509
18,486 13,501
18,990 13,482
19,100 13,470
19,030 13,479
19,170 13,476
19,340 13,486
19,440 13,478
19,480 13,476
140
,709
136 12,347
4 5,886 6,619
64 22 179
640 24,210
208 7,589 6,884
50
176
609 28,340
54 8,464 6,923
1,289
292
850 40,909
48 13,655 6,462
1,246 3,472
547 45,290
57 14,554 6,393
2,266 8,658
812 49,893 1,078 15,181 6,357
2,108 3,023
764 50,956 1,317 15,437 6,328
2,187 3.822
448 51,132
54 15,460 6,312
2,046 4,365
008 52,553 2,097 15,856 6,292
,990 2,406 104,671 52,799 2,686 15,919 6,280
,889 3,943
992 52,892 2,619 15,875 6,279
,842 4,250
390 52,743 2,500 15
15,980 6,271
,767 5,095
552 52,798 2,685 16,090 6,263
,634 5,522
492 52,884 1,358 16,169 6,249
,564 4,609 105,015 52,685 2,383 16,196 6,247
6
14
(5)
(5)
(5)
26,479
45,613
1,346 94,381 53,105
66 11,948
3,736
308 80,908
78 19,249
80 20
3,903
993 88,102
9,209
113 94,596 1,137 21
10,527
15,371
14 17,745
~001
25 30
,
26 31 ,662
32,837
30 33,430
30 34.006
34.
.390
34,471
30 34,570
,530
30 34,610
34,810
30 34,620
1,241
1,592
1,889
2,947
3,059
181
240
219
,280
315
330
,340
3,360
3,400
3,390
548
542
533
527
522
520
519
519
518
518
518
518
518
518
517
banks that became members in 1941 (these banks are excluded from all
commerical banks).
Stock savings banks and nondeposit trust companies are included with
commercial banks. Number of banks includes a few noninsured banks
for which asset and liability data are not available. Comparability of
figures for classes of banks is affected somewhat by changes in Federal
Reserve membership, insurance status, and the reserve classifications of
cities
and individual banks, and by mergers, etc.
2
Beginning with June 30, 1942, excludes reciprocal balances, which on
Dec. 31, 1942, aggregated $513 million at all member banks and $525
million at all insured commercial banks.
3
Includes other assets and liabilities not shown separately.
For other notes see following two pages.
1372
ALL BANKS
PRINCIPAL ASSETS AND LIABILITIES AND NUMBER OF ALL BANKS, BY CLASSES i—Continued
[Figures partly estimated except on call dates. Amounts in millions of dollars]
Loans and investments
Class of bank
and date
Total
Central reserve city
member banks:
New York City:
1941—Dec. 31
1945—Dec. 31
1947—Dec. 31
1956—Dec. 31
1957—Dec. 31
1958—June 23
Oct. 29
Dec. 31
1959_May 27
June 10
June 24
July 29
Aug. 26
Sept. 30
Oct. 28^
Chicago:
1941—Dec.
1945—Dec.
1947—Dec.
1956—Dec.
1957—Dec.
1958—June
Oct.
Dec.
1959—May
June
June
July
Aug.
Sept.
Oct.
12,896
26,143
20,393
23,809
23,828
27,149
25,444
25,966
25,687
25,648
25,488
26,112
25,636
25,194
25,061
Deposits
Total
assets—
Total
Interbank2
Other
liaCash
U.S. Other issets2 bilities
Govt. secuand
2
Demand
Loans obligacapital Total
Detions rities
ac- 3
Time
mand
counts
U.S.
Govt. Other
4.072 7,265 1,559 6,637 19,862 17,932 4,202
7,334 17,574 1,235 6,439 32,887 30,121 4,640
7,179 11,972 1,242 7,261 27,982 25,216 4,453
15,987 6,057 1,765 8,629 33,381 29,149 5,022
16,102 5,880 1,846 8,984 33,975 29,371 4,869
16.764 8,035 2,350 8,272 36,664 31,469 4,345
15,604 7,418 2,422 6,850 33,465 28,387 4,155
16,165 7,486 2,315 9,298 36,398 31,679 4,786
16,580 6.657 2,450 7,114 33,936 28,730 3,999
16,514 6,745 2,389 7,555 34,387 28,879 4,036
16,681
6.426 2,381 7,204 33,869 28,415 4.008
17,062 6,699 2,351 6,984 34,262 28,688 3,883
17,206 6,087 2,343 6,815 33,594 27,859 3,897
17,244 5,570 2,380 7,690 34,101 29,141 4,315
17,404 5,395 2,262 7,800 34,024 28,545 3,848
2,760
5,931
5.088
6,473
6,446
6,942
6,614
6,830
6,630
6,581
6,516
6,631
6,677
6,727
6,701
954
1,333
1,801
3,772
3,852
3,594
3,426
3,637
3,637
3,643
3,687
3,811
3,954
4,011
3,944
1,430
4,213
2,890
2.113
2,032
2.694
2,547
2,562
2.288
2,235
2,137
2,120
2,067
2,052
2,092
Reserve city member banks:
1941—Dec. 31
1945—Dec. 31
1947—Dec. 31
1956—Dec. 31
1957—Dec. 31
1958—June 23
Oct. 29
Dec. 31
1959—May 27
June 10
June 24
July 29
Aug. 26
Sept. 30*
Oct. 28*>
15,347
40,108
36,040
53,915
55,259
59,273
59,471
60,558
60,550
60,812
60,617
61,096
61,143
60,647
60,879
7,105
8,514
13,449
31,783
32,805
32,851
32,984
34,003
35,806
36,315
36,616
37,301
37,780
37,733
37,762
6,467
29,552
20,196
17,368
17,352
20,436
20,508
20,645
18,907
18,663
18,224
18,046
17,665
17,169
17,405
1,776
2,042
2,396
4,764
5,102
5,986
5,979
5,910
5.837
5,834
5,777
Country member
1941—Dec.
1945—Dec.
1947_Dec.
1956—Dec.
1957—Dec.
1958—June
Oct.
Dec.
1959—May
June
June
July
Aug.
Sept.
Oct.
12,518
35,002
36,324
54,571
56,820
58.225
60,573
61.511
62.200
62,248
62,386
62,719
63,081
63,370
63,658
5,890
5,596
10,199
26,491
28,191
28,937
29,361
30.257
31.637
31,960
32,317
32,523
32,817
33,075
33,217
4,377
26,999
22,857
22,037
21,815
22,000
23,693
23,606
22,879
22,581
22,377
22,475
22,551
22,516
22.642
2,250
2.408
3,268
6.042
6,814
7.288
7,519
7.648
7.684
7,707
31
31
31
31
31
23
29
31
27
10
24
29
26
30*
28^
banks:
31
31
31
31
31
23
29
31
27
10
24
29
26
30*
28?
,
376
,566
385
,489
397
,739
588 2.171
562 2,083
654
.914
641
,887
631 2,158
705
.856
703
,850
692
,842
700
,949
656
,815
664
,992
665
,882
4,363
7,459
6.866
8; 695
8.595
8,929
8,583
9,071
8,574
8,520
8,440
8,661
8,567
8,805
8,667
4,057
7,046
6.402
7,943
7,792
8,022
7,693
8,214
7,582
7,375
7,423
7,677
7,530
7,681
7,561
1,035
1,312
1,217
1,364
1,333
1,249
1,243
1,357
1.109
1,160
1,123
1,116
1,105
1,204
1,126
8,518
11,286
13,066
17,716
17,540
15,443
15,448
17,701
15.672
15,611
15,762
15,447
15,441
16,298
16,045
24,430
51,898
49,659
72,854
74,196
76.155
76,383
79,781
77,717
77,952
77,887
78,087
78,068
78,511
78,503
22,313
49,085
46,467
66,524
67,483
68,672
68,474
72,647
69.291
69,382
69,448
69,734
69,679
70,496
70,069
4,356
6,418
5,627
7,584
7,241
6,397
6,657
7,506
5,918
6,450
5,994
5,896
6,093
6,377
6,359
6.402
10,632
10,778
14,390
14,139
12.860
12,835
14.031
12.293
12,840
12,363
12,385
12,476
12,854
7,799 12,758
19,466
46,059
47,553
69,945
72.062
72.255
74,514
76.767
75,759
76,405
75,986
76,401
76,847
77,567
77,745
17,415
43,418
44,443
64,289
65,991
65.741
67.747
70.277
68,622
69,175
68,787
69,245
69,500
70,395
70,355
792
1,207
1,056
1,597
1,640
1,282
1.395
1,578
1.227
1,299
1,232
1,224
1,261
1,285
1,324
749
698
5,745
5,712
* Beginning with Dec. 31, 1947, the all-bank series was revised as announced in November 1947 by the Federal bank supervisory agencies.
At that time a net of 115 noninsured nonmember commercial banks
with total loans and investments of about $110 million was added, and
8 banks with total loans and investments of $34 million were transferred
17
12
965
912
.774
,660
,739
,614
,564
,480
,438
,363
,256
,205
104
30
22
294
301
416
374
377
362
361
341
338
342
318
299
866
6,940
267
747
737
2,946
584
968
1,009
479
775
1,250
1,054
1,208
1,114
12,051
17,287
19,040
19,940
19,959
18,898
18,518
20,704
18,553
19,211
18,570
18,608
18,043
18,795
18,930
127
1.552
72
184
195
705
192
249
304
120
259
273
285
347
232
2,419
3,462
4.201
5,069
4,904
4,626
4,826
5,136
4,734
4,657
4,586
4,823
4,685
4,678
4,750
491
8,221
405
1,201
1,358
3.150
1,074
1.429
1,680
858
1,600
1,494
2,081
2,282
1,722
12,557
24,655
28,990
40,647
39,960
38,003
39,370
42,259
39,722
39,990
39,721
40,368
39,554
39,914
40,155
225
5,465
432
1,160
1,181
1.857
1,173
1.175
1,372
950
1,309
1,233
1,675
1,685
1,541
24,235
28,378
41,194
401,724
38.286
40,050
42,349
39.999
40,812
40,115
40,591
40,270
41,105
41,180
Bor- Total Number
row- capital
acof
ings counts
banks
Time
1 648
807
1,236
195 2,120
1,445
30 2,259
2,475
2 2,873
2,893
2 3,136
3,506
483 3,214
3,470
319 3,259
3,482
3 282
3,555
530 3,302
3,589
809 3,300
3,582
805 3,292
3,509
894 3,314
3,502 1,000 3,334
3,567
244 3,342
3,448
770 3,340
36
37
37
18
18
18
18
18
17
17
17
17
17
16
16
476
719
913
1,319
1,345
1,403
1,396
1,438
1,402
1,407
1,424
1,433
1,427
1,426
1,427
288
377
426
660
689
708
720
733
739
743
740
743
749
753
751
13
12
14
14
14
14
14
14
14
14
14
14
14
14
14
1 967
4,806
9,760
2 2,566
11'.423
2,844
16.797
21 5,076
18,623
21 5.370
20,706
350 5.617
20 ,999
705 5,714
21 ,075
14 5.760
21 ,609
973 5.932
21 ,724 1,141 5,930
21,792 1,140 5,945
21,638
5,976
21 ,609 1,049
972 6,004
21 ,605
555 6,044
21,534
884 6,051
351
359
353
289
278
280
277
274
273
273
273
272
271
270
270
10,109 6.258
12,494
14,560
20,317
22 ,429
24 .277
25 ,091
25 ,137
25,987
26
"",080
26,094
26,163
26
' ,260
26,286
26
"',276
4
4
80
42
3
125
272
164
137
182
253
235
4
11
23
21
30
164
251
37
469
463
510
420
531
306
494
1,982
2,525
2,934
5,046
5,359
5.641
5,744
5,685
5,883
5,946
5,898
5,947
6,003
6,030
6,054
6,219
6,476
6.519
6,141
6,083
6.045
6,019
6.006
5,988
5,976
5,975
5,968
5,961
5,949
5,947
from noninsured mutual savings to nonmember commercial banks.
5 Less than $5 million. Because preliminary data are rounded to the
nearest $10 million no amount is shown except on call dates.
For other notes see preceding and opposite pages.
1373
ALL BANKS
PRINCIPAL ASSETS AND LIABILITIES AND NUMBER OF ALL BANKS, BY CLASSES'—Continued
[Amounts in millions of dollars]
Deposits
Total
assets—
Total
Interbank 2
Other
Cash 2 liaU. S. Other assets bilities
Govt.
and
Demand
obliga- secucapital Total 2 Detions rities
ac- 3
Time
mand
counts
U. S. Other
Govt.
Loans and investments
Class of bank
and date
Total
Loans
All insured commercial banks:
1941—Dec. 31
1945—Dec. 31
1947_Dec. 31
1956—Dec. 31
1957—Dec. 31
1958—June 23
Dec. 31
1959—June 10
49,290
21,809
14,274
63,601
68,595
78,330
83,596
84,632
21,259
25,765
37,583
89,831
93,430
95,105
97,730
02,902
21,046
88.912
67,941
57,837
57,580
63,489
65,669
61,396
6,984
7,131
8,750
15,933
17,585
19,735
20,198
20
"",334
National member banks:
1941—Dec. 31
1945—Dec. 31
1947_Dec. 31
1956—Dec. 31
1957—Dec. 31
1958—June 23
Dec. 31
1959—June 10
27,571
69,312
65,280
88,477
91,201
95,898
99,277
99,982
11,725
13,925
21,428
48,109
50,350
50,744
52,627
55,816
12,039
51,250
38,674
31,568
31,234
34,498
35,714
33,152
14,977
3,*
4,137 20,114
22,024
5,178
8,800 27,006
9,617 26,786
10,656 23,964
10,936 26,781
11,014 23,835
State member banks:
1941—Dec. 31 . .
1945_Dec. 31 . .
1947_Dec. 31 . .
1956—Dec. 31 . .
1957—Dec. 31 . .
1958—June 23 . .
Dec. 31 . .
1 9 5 9 _ j u n e 10. .
15.950
37,871
32,566
50,291
51,152
55,691
55,588
55,307
6,295
8,850
11,200
29,924
30,600
31,403
31,435
32,616
7,500
27,089
19,240
16,007
15,846
18,667
18,585
17,072
2,155
1,933
2,125
4,359
4,707
5,621
5,568
5,619
Insured nonmember
commercial banks:
1941—Dec. 31
1945_Dec. 31
1947—Dec. 31
1956—Dec. 31
1957—Dec. 31
1958—June 23
Dec. 31
1 9 5 9 _ j u n e 10
5,776
14,639
16,444
24,859
26,268
26,768
28,759
29,371
3,241
2,992
4,958
11,808
12,493
12,972
13,68:
14,484
1,509
10,584
10,039
10,274
10,512
10,335
11,381
11,183
1.457
2,211
2,009
1,521
1,473
1,575
1.568
1,518
455
318
474
471
468
466
484
504
761
1.693
1.280
All nonmember commercial
banks:
1941—Dec. 31
1945—Dec. 31
1947—Dec. 314
1956—Dec. 31
1957_Dec. 31
1958—June 23
Dec. 31
1 9 5 9 _ j u n e 10
7,233
16,849
18,4526,381
27,741
28,343
30,327
30,889
Insured mutual savings banks:
1941—Dec. 31
1945_Dec. 31
1947_Dec. 31
1956—Dec. 31
1957—Dec. 31
1958—June 23
Dec. 31
1959—June 10
Noninsured nonmember
commercial banks:
1941_Dec. 31
1945_Dec. 31 4
1947_Dec. 31
1956—Dec. 31
1957_Dec. 31
1958—June 23
Dec. 31
1959—June 10
Noninsured mutual savings
banks:
1941_Dec. 31
1945_Dec. 31
1947—Dec. 31 4
1956—Dec. 31
1957—Dec. 31
1958—Tune 33
Dec. 31
1959—June 10
69,411
147,775
141,851
195,953
199,876
202,819
214,485
206,149
10,654
13,883
12,615
15,981
15,489
13,632
15,653
13,338
54
1,301
1,264
2,288
2,209
2,013
1,762
3,740
1,325
3,717
41,298
80,276
92,975
124,346
123,127
3:
9; 162116,308
4,241 129,214
2,766 122,744
43,433
90,220
88,182
117,345
120,153
122,100
128,397
126,255
39,458
84,939
82,023
107,161
109,091
110,065
116,714
112,659
6,786
9,229
35
8,375
522
9,322
517
8,958
825
7,849
767
9,035
705
7,818
4,013
795
2,074
2,166
4,751
2,292
8,145
9,731
10,822
15,900
15,960
14,525
16,407
14,021
24,688
48,084
43,879
67,530
68,676
71,904
73,620
71,010
22,259
44,730
40,505
60,744
61.545
63,839
66,102
62,152
3,739
4,411
15
3,978
6,245
767
6,124
729
5,425 1,441
6,192 1,420
5,127 1,285
621
8,166
381
1,218
1,306
3,907
1,530
1,025
1,063
1,448
2,777
3,264
3,460
3,696
3,704
2,668
4,448
4,083
5,448
5,383
4,756
5,504
4,770
8,708
19,256
20,691
30,667
32,066
31,971
34,737
34,642
7,702
18,119
19,340
28,073
29,266
28,942
31,696
31,365
262
414
407
359
426
392
53
,560
149
425
388
504
419
361
660
704
707
639
241
200
255
336
345
405
37'
375
763
514
576
369
301
264
301
271
2,283
2,768
2,643
,946
,831
,902
,927
,850
1,872
2.45:
2,251
1,56:
1,449
1,516
l,53f
1,444
177
152
147
157
146
143
3,696
3,310
5,432
12,279
12,961
13,438
14.165
14,988
2,270
12.277
11,318
10,989
11,17:
11.040
12.088
11,821
1,266
1.262
1.703
3,113
3,608
3,865
4.074
4,079
3,431
4,96:
4,659
5,817
22,024
23,334
32,613
33,897
33,873
36.664
36,491
9,573
20,571
21,591
29,635
30,715
30,458
33,227
32,810
439
566
554
515
572
536
1,693
10.846
12,683
24,170
26,535
27.869
28.980
30.150
642
3,081
3.560
15.542
17.194
18.13:
19.180
20,106
629
7,160
8.165
5.518
5.404
5.234
5.215
5.324
421
606
958
3.110
3,937
4,503
4,585
4,721
151
429
675
739
719
745
75
630
1,958
11,424
13,499
25,28:
27,671
29.021
30.189
31,228
1,789
10,363
12,207
22,886
25,022
26,082
27,27'
28,041
8,68
5,36
5,95'
7,770
7.246
7 404
7,34
7,071
4,259
3.07:
1,198
1,384
4,235
4,022
4,104
4,177
4,043
3,522
3,813
2,453
2,148
,353
641
760
,08:
,076
,116
,113
,003
642
180
211
182
171
171
169
150
9,846
5,596
6,215
8,028
7.49'
7.657
7 589
7,298
8.744
5.02:
5,556
7,146
6,67
6,787
6,763
6,461
For other notes see preceding two pages.
788 76,820
292 157,544
926 152,733
48 352 215,514
48 127 220,865
43 243 225 ,945
48 689 236,724
42 623 231,876
714
2.050
2,025
10,99:
129
244
329
181
185
159
121
207
163
122
457
425
190
171
138
229
185
144
1
2
1
2
2
2
Number
of
banks
Time
15,699
10 6,84413,426
29,876
215 ~ , ' ' 13,297
34,882
61 9,734 13,398
50,608
5615, 98813,195
56^137
6617,051 13,142
"
~~ 1,12517,857
61,429
85713,121
63,168
6718,154 13,101
65,288 2,76218,762 13,086
23,262 8,322
4 3,640l
45,473 16,224
78| 4,644
53,541 19,278
45 5,409
67,434 27,810
19 8,450
66,546 30,904
38 9,070
62,886 33
",754
492| 9,451
69,808 34 812
43! 9,643!
1', 526 66,433 36,177 1,420I10,041
5,
5.017
5.005
4,651
4,620
4,599
4^578
13,874
24,168
27,068
39,416
39,001
36,926
40,640
38,237
4,025
,246!
1
7,986
,945
130
9,062
,055
9
13,098
29| .205
14,386
,483
l:
16,140
,730
58«
16 ,320
1
16,622 1,2'
5,879
1.502
1,867
1,918
1.811
1.773
1.758
1.734
1.721
4,162
10,635
12,366
17,497
17,580
16,496
18,766
18.074
3,360
5,680
6,558
9.724
10,873
11,562
12,063
12,516
959j
1,083
1,271
2,336
2,500
2,679
2,696
2,846
6,810
6,416
6.478
6.737
6.753
6,768
6,793
6,810
1,291
1,905
1 392
936
840
778
890
830
253
365
478
300
303
330
325
342
329
279
325
313
317
3:
332!
338
852
714
783
444
425
413
399
383
5,504
14,101
167 13,758
440 18,433
427 18.
548 17.274
428 19.655
368 18,903
3.613
6,045
7,036
10.024
,176
,892
12.387
12,858
1.288
1.362
1,596
2.649
2.817
3.000
3.028
3.183
7.662
7,130
7.261
7.181
7.178
7.181
7.192
7,193
1.789
10,351
12.192
22.857
24.991
26.052
7.243
27 28.011
. .i
164
lj 1.034
..1 1,252
. . ! 2,130
2 2,308
..I 2.433
7! 2 . 4 7 3
3: 2 608
52
192
194
223
239
239
241
251
8,738
5,020
5,553
7,143
6.671
6,785
.! 1,077
6!
558
.1
637
31
817
1!
751
2!
74?
j
707
496
350
339
304
283
281
6,460
7
7
9
9|
47!
13!
76!
18!
11!
12|
27!
21!
58|
20|
84;
4.559
719.
267
NOTE.—For revisions in series prior to June 30, 1947, see BULLFTIN
for July 1947, pp. 870-71.
1374
COMMERCIAL BANKS
LOANS AND INVESTMENTS OF COMMERCIAL BANKS, BY CLASSES 1
[In millions of dollars]
Loans
Class of bank
and
call date
Total
loans
and
invest- Total 2
ments
2
Investments
Loans for
U. S. Government obligations
ObliCompurchasing
gameror carrying
tions
cial,
Other
securities
Direct
I
of
inReal loans
States Other
clud- Agrito Other
culesand
ing
in- loans Total
To
tate
CertifiGuar- polit- secuopen turdial brok- To loans vidcates
anical rities
Total
marers othof insubket
uals
Bills debt- Notes Bonds teed diviand
padeal- ers
edsions
per
ers
ness
i
All commercial
banks: 3
1947_Dec. 31..
1957—Dec. 31..
1958—June 23..
Dec. 31..
1959—June 10..
116,284 38,057 18,167
170,068 93,899 40,526
40;526
38,886
179,905
,42
214 40,425
185,165
186,151 103,406 41,613
All insured commercial banks:
1941—Dec. 3 1 . .
1945—Dec. 3 1 . .
1947_Dec. 31..
1956—Dec. 3 1 . .
1957—Dec. 3 1 . .
1958—June 23..
Dec. 3 1 . .
1959—June 10..
662
773
031
49,290 21,259 9,214 ,450
614
,046
545
677
121,809 25,765 9,461 1,314 3,164 3,606
361 1,181 96,043 ,91
114,274 37,583 18,012 1,610 823 ,190
266
654 1 028 76,691 67 ,941
163,601 89,831 38,571 4,101 ,565 ,669 22,394
765 3,325 73,770 57,837
168,595 93,430 40,380 4,015 2 ,569 ,601 23,003 20 ,122 3 513 75,164 57,580
178,330 95,105
""
38,750 4,499 3 ,677 ,907 23,585
,981 4,541 83,224 63,489
183,596 97,730 40;289 4,913 2,797 ,810 25 148 20 589 4,134 85,866 65,669
184,632 102,902 41 459 5,046 ,312 ,884 26 ,550 22 264 5,396 81,730 61,396
Member banks,
total:
1941—Dec. 31..
1945—Dec. 31..
1947—Dec. 31..
1957—Dec. 31..
1958—June 23..
Dec. 31..
1959—June 10..
43,521
107,183
97,846
142,353
151,589
154,865
155,289
New York City:4
1941—Dec. 3 1 . .
1945—Dec. 3 1 . .
1947—Dec. 3 1 . .
1957—Dec. 3 1 . .
1958—jUne 23..
Dec. 3 1 . .
1959—June 10..
1,660 830
4,066 2,601
4 ,552 3,699
4,973 2,832
5,098 2,333
18,021 8,671
972 594
22,775 8,949 855 3,133
811
32,628 16,962 1,046
"",868
,448
80,950 37
82,146 36 ,125 2 774 3,574
84,061 37,444 3,052 2,730
88,431 38,469 3,132 2,260
4,072
7,334
7,179
16,102
16,764
16,165
16,514
2,807
3,044
5,361
11,651
10,978
10,928
10,731
2,760
5,931
5,088
6,446
6,942
6,830
6,581
954
1,333
1,801
3,852
3,594
3,637
3,643
732
760
1,418
2,903
2,618
2,628
2,678
Reserve city banks:
1941—Dec. 3 1 . .
1945_Dec. 3 1 . .
1947—Dec. 3 1 . . .
1957—Dec. 3 1 . .
1958—June 23...
Dec. 3 1 . .
1959—June 10..
15,347
40,108
36,040
55,259
59,273
60,558
60,812
7,105
8,514
13,449
32,805
32,851
34,003
36,315
3,456
3,661
7,088
15,702
14,789
15,808
16,410
300
205
225
494
611
669
753
Country banks:
1941—Dec. 3 1 . . .
1945—Dec. 3 1 . . .
1947_Dec. 3 1 . . .
1957—Dec. 3 1 . . .
1958—June 23...
Dec. 3 1 . . .
1959—June 10...
12,518
35,002
36,324
56,820
58,225
61,511
62,248
5,890
5,596
10,199
28,191
28,937
30,257
31,960
1,676
1,484
3,096
7,613
7,739
8^80
8,650
659
648
818
1,970
2,154
Nonmember com-3
mercial banks:
1947—Dec. 3 1 . . .
1956—Dec. 3 1 . .
1957_Dec. 3 1 . . .
1958—June 23...
Dec. 3 1 . . .
1959—June 10...
18,454
26,381
27,741
28,343
30,327
30,889
5,432
12,279
12,961
13,438
14,165
14,988
1,205
2,424
2,657
2,761
2,981
3,144
614
,683
,594
,778
,921
,967
31..
31..
31..
31..
23..
31..
10..
598
3,378
1,065
1,409
1,706
3,494
3,455
7,130
18,231
18,712
20,013
1,669 21,180
412 169
2,453 1,172
545 267
1,280 387
2,164 420
1,652 382
1,556 409
12,896
26,143
20,393
23,828
27,149
25,966
25,648
Chicago:4
1941_Dec.
1945—Dec.
1947—Dec.
1957—Dec.
1958—June
Dec.
1959—June
,220 9,393 5,723
78,226 69,221 2,193
,620 23,110 20, 217
~ 3^533 76,169 58,"""
239 5' 405
,925 23,693 20 ,091
84,334 64, 194 4.502
,829 25
25,255 20. 698
" ~ 4^156 86,951 66,376 6; 294
,903 26,669 22,382 419 82,745 62,035 5,149
276 3,729
915 4,014
716 4,424
505 4 ,070
984 3 725
2,455
2,124
5,763
5,290
4,416
6,159
5,025
4^90
3,159 12,797 4,102 3,651 333
16,045 51,321
22 3,873 3 258
,918 52,334
14 5,129 3 621
,722 38,358
13 12,675 258
10,493 37,031
7 13,688 3 897
12, 213 43,013
5 15,457 4 278
13,,240 38,902
6 16,
,932
13,928 37,745
10 16,743 3,591
25,500 19,539 971
3,692
2,275
1,900 1,104 84,408
,218 ,
4,662
1,987
16,775 3,31661,403 57,914 3,948
16,54^
16,544 4,336 69,443 47,079 3,574
17,02! 3,920 70,804 53,165
299 4,644
18,397 5,098 66,858 54,299
225 3,854
16,985
5,816
3,534
2,905
6,143
3r~
3,007 11,729 3,832 3,090 2 871
14,271 44,792
16 3,254 815
45,286
4,815 45
10 4,199 105
81560 31,031
7 11.235 089
.,492
10.480 36,201
5 12,786 3
.,
3,ICO
11,117 32,390
9ll3,820 2,813
11,410 31,264
50,
123
80
111
565
557
641
746
287
564
1,513
1,437
1,502
1,625
22
36
46
143
143
161
181
51
149
425
336
357
386
554
298
330
1,053
1,566
1,424
1.819
8,823
18,809
13,214
7,726
10,385
9,802
9,134
1,981
4,758
3,841
7,362
7,265 311
1,623 3,652 1,679
729
17,574 477 3,433 3,325 10,337
1
606
11,972 1,002
558 9,771
640
i 638
5,880 648
214 1,093 3,924
j 1,435
8,035 1,023
286 1,729 4,996
1,748
7,486 643 1,106 1,602 4,135
1,869
6,745 1,165
350 1,717 3,511
1,978
2
830
629
604
411
602
446
411
1,806
4,598
3,287
2,594
3,348
3,193
2,938
1,512
114 194 1.527
855 404
427 1,503 1,459
170 484 3,147 1,969
603 673 7,667 6,893 1.370
706
881 904 7,841 6,741
518 851 8,405 6,930 1,492
404 860 8,986 7,513 2.073
.243
31,594
22,591
22,454
26,422
26,555
24,497
6,467 295
29,552 1,034
20,196 373
17,352 1,009
20,436 874
20.645 1.293
18,663 870
6,982
2,358
1.285
1.009
2,370
1.512
751
5,653
1,901
3,297
4,410
4,497
4,230
4,248 1,1731
820
956
15,878
5! 1,126 916
15,560
3| 1.342 1,053
11,760
2| 4.027 1.075
14,142
21 4,767 1,218
12.482
3! 4.864 1,047
12,049
2l 4.885 949
1,5 30
707 363
1,979
229
7,944 713
8,030 746
8.239 784
8,872 965
6.62
29,407
26.125
28,629
29,28
31,254
30,288
4,377 110
26,999 630
22,857 480
21,815 2,226
22,000 1,409
23.606 2.475
22,581 1,642
5.102
2.583
1,909
1,465
2,306
1,622
481
4.544
2,108
3,857
3,852
4,495
5,023
2.92.6
16.713
17.681
13.819
15,272
14.327
14.290
1,061
3.085
3,442
3,547
3,671
3,985
13,021
14.102
14.780
14,905
16,161
15,901
,318
10.989
11.172
11.040
12.088
11,821
1,973
528
1,279
978
1.755
1.034
1,219
2,330
2,049
1.868
2.280
2.629
7,916
6,588
6,385
7.266
6,901
6.863
52
233
87
97
100
97
107
20
42
23
365
351
294
154
183
471
227
252
282
268
293
1,823
1,881
3.827
9;856
10,172
10,806
11,267
20
143
153
125
102
156
218
211
219
230
234
2,266
4.708
4,891
4,994
5.256
5.502
73
l All commercial banks in the United States. These figures exclude
data for banks in U. S. territories and possessions except for member
banks. During 1941 three mutual savings banks became members of
the Federal Reserve System; these banks are included in member banks
but are not included in all insured commercial banks or all commercial
6,034 53,191
10,608 37,406
12,348 43
43,456
13,396 39,281
14,037 38,117
40
26
180
318
220
241
48
211
73
200
178
266
146
2,368
2,362
7,789
4,813
3,883
7,399
4,72.
95
196
217
225
235
321
1,430
4,213
2,890
2,032
2,694
2,562
2,235
256
133 1,467
132
235
65
126
268
145
232
361
178
205
206
1.541
1,457
927
1.651
1.295
153
749
248
313
490
522
439
903
1,864
2,274
1,528
1,791
1,446
1.414
182
181
213
408
495
491
564
861
9
6
4
3
3
51
193
204
185
154
159
140
139
1,222
1,342
2.006
5.365
5.775
6.181
6,392
1,028
1,067
1,262
1,449
1,513
1.467
1,315
1.078
2.409
2.682
2,932
3.102
3.166
625
704
926
933
971
913
banks. Comparability of figures for classes of banks is affected scrrev. hat
by changes in Federal Reserve membership, insurance status, and the
reserve classifications of cities and individual tarks, ard t y mercers, etc.
For other notes see opposite page.
COMMERCIAL BANKS
1375
RESERVES AND LIABILITIES OF COMMERCIAL BANKS, BY CLASSES 1
[In millions of dollars]
Time deposits
Demand deposits
Class of bank
and
call date
ReDeBalserves
mand
Cash ances
with
with
deFederal in
doposits
vault mestic
Readserve
banks 5 justed 6
Banks
Interbank
deposits
ForDomestic5 eign
Indi- Bor- CapiCertiIndiU.S. States viduals,
States
tal
fied
viduals,
jOVt. and partner- row- acand
and
partnerInter- and polit- ships, ings counts
U. S. political offiships,
Govt. subdi- cers' and cor- bank postal ical and corSav- subdi- poravisions checks, poraings visions tions
etc.
tions
All commercial
banks: 3
1947—Dec. 3 1 . . . .
1957—Dec. 3 1 . . . .
1958—June 2 3 . . . .
Dec. 3 1 . . . .
1959—June 10....
17,796
18,972
18,568
18,427
18,084
2,216
3,335
3,017
3,249
3,118
10,216
12,342
10,904
12,609
10,371
87,123
10,266
06, 178
15,518
12,353
11,362
13,867
12,141
14,142
11,934
1,430
1,769
1,648
1,657
1,547
1,343
3,898
9,205
4,250
2,774
6,799
10,693
10,892
10,92:
10,485
2,581
3,620
3,741
4,043
3,407
84,987
109,653
102,453
115,132
109,681
240
1,385
2,495
2,372
2,135
866 34,383
65 0,059
111
301 2,773 53,366
77 7,368
286 4,100 57,3721,136 .8,178
73 8,486
327 3,576 59,590
322 3,747 61,562 2,770 9,100
All insured commercial banks:
1941—Dec. 3 1 . . . .
1945—Dec. 31
1947—Dec. 3 1 . . . .
1956—Dec. 3 1 . . . .
1957—Dec. 3 1 . . . .
1958—June 2 3 . . . .
Dec. 3 1 . . . .
1 9 5 9 _ j u n e io
12,396
15,810
17,796
18,706
18,972
18,568
18,427
18,084
1,358
1,829
2,145
3,237
3,311
2,997
3,227
3,096
8,570
11,075
9,736
12,490
12,079
10,682
12,353
10,140
37,845
74,722
85,751
10,487
09,439
05,419
14,645
11,537
9,823
12,566
11,236
14,226
13,752
12,022
14,025
11,821
673 1,762
1,248 23 ,740
1,379 1,325
1,755 3,717
1,736 3,859
1,610 9,16:
1,629 4,241
1,517 2,766
3,677
5,098
6,692
10,350
10,594
10,800
10,841
10,390
1,077
2,585
2,559
3,744
3,597
3,715
4,001
3,376
36,544
72,593
83,723
110,252
108,936
101,793
114,372
108,979
158
70
54
1,301
1,264
2,288
2,209
2,013
59
103
111
330
301
286
327
322
492
496
826
2,329
2,717
4,032
3,512
3,674
15,146
29,277
33,946
41,949
Member banks,
total:
1941—Dec. 3 1 . . .
1945—Dec. 3 1 . . .
1947_Dec. 3 1 . . .
1957—Dec. 3 1 . . .
1958—June 2 3 . . .
Dec. 3 1 . . .
1959—June 10...
12,396
15,811
17,797
18,973
18,570
18,428
18,086
1,087
1,438
1,672
2,536
2,277
2,441
2,351
6,246
7,117
6,270
7,806
6,913
1,9T
6,375
33,754
64 184
73 528
92 191
89 186
96 218
93 722
9
12
10
13
11
13
11
714
333
978
356
676
614
446
671 1,709
1,243 22,179
1,375 1,176
1,726 3,472
1,597 8,658
1,613 3,822
1,499 2,406
3,066
4,240
5,504
8,412
8,628
8,603
8,20^
1,009
2,450
2,401
3,331
3,482
3,712
3,110
33,061
62,950
72,704
93,804
87,703
98,133
93,353
140
64
50
1,246
2,266
2,187
1,990
50
99
105
275
259
300
297
418
399
693
2,170
3,296
2,829
2,937
4 5,886
11,878
23,712 208 7,589
27,542
54 8,464
42,845
5' 14,554
46, ' ,078 15,181
48,004
54 15,460
49,565 2,686 15,919
New York City:4
1941—Dec. 3 1 . . .
1945—Dec. 3 1 . . .
1947—Dec. 3 1 . . .
1957—Dec. 3 1 . . .
1958—June 2 3 . . .
Dec. 3 1 . . .
1959—June 10...
5,105
4,015
4,639
4,564
4,418
4,45
4,090
111
151
158
145
161
148
141
78
70
110
76
92
66
10
15
16
15
15
16
16
761
065
653
849
305
170
010
3
3
3
3
3
3
2
595
535
236
480
084
519
888
866
607
1,105 6,940
1,217
267
1,389
737
1,261 2,946
1,267
968
1,148
479
319
237
290
299
33'
329
295
450
,338
,105
,284
,645
,540
1,259
11,28:
15,712
17,646
18,37^
16,916 1,7718,835 1,739
17,657 1,564
Chicago:4
1941—Dec. 3 1 . . .
1945—Dec. 3 1 . . .
1947_Dec. 3 1 . . .
1957—Dec. 3 1 . . .
1958—June 2 3 . . .
Dec. 3 1 . . .
1959—June 10...
1,021
942
1,070
1,07
1,183
1,058
998
298
200
175
148
128
185
105
2
3
3
4
4
4
3
215
153
737
084
089
271
947
1 027
1 292
1 196
1,293
1 211
1 314
1,119
12'
1,552
72
195
705
24(
120
233
237
285
333
456
302
235
Reserve city banks
29
20
14
56
249
100
140
2,152
3,160
3,853
4,493
4,095
4,746
4,345
10 6,844
215 8,671
61 9,734
56 5,988
66 7,052
53,120
57,110 125 7,857
67 8,154
59,329
61,292 2,762 18,762
778
1,206
1,418
2,813
3,229
3,345
3,423
4,542
9,563
11,045
17,335
18,910 350
19,480J
14
20,1361,141
1,967
2,566
2,844
5,370
5,617
5,760
5,930
425
49'
562
790
707
768
750
2,590
2,174
2,125
2,585
2,277
2,670
2,110
11 ,117
22 ,372
25 ,714
33 ,583
33 ,145
35 ,505
34 ,625
4.302
6 ,307
5 .497
6 ,962
6 ,115
7 ,217
6 ,159
54
49
110 8,22
131
405
279 1,358
282 3,15C
289 1,42"
291
1,144
1,763
2,282
3,111
3,065
3,153
2,959
286
61
705
943
818
1,052
830
11,12'
22,281
26,003
35,906
34,119
38,05<
36,20
Country banks:
1941—Dec. 3 1 . . .
1945—Dec. 3 1 . . .
1947—Dec. 3 1 . . .
1957_Dec. 3 1 . . .
1958—June 2 3 . . .
Dec. 3 1 . . .
1959—June 10...
2,21C
4,52"
4,993
5,57
5,392
5,444
5,64^
526
796
92<
1,549
1,395
1,476
1,423
3,21
4,665
3,900
4,964
4,432
5,030
4,093
9 ,661
23 ,595
27 ,424
38 ,676
36 ,648
40 ,272
39 ,140
790
1,199
,049
1
1 ,621
\\261
1,565
1,281
22:
5,46!
432
1,18
1,85
1,175
95C
1,370
2,004
2,647
4,669r
4,76
4,819
4,718
239
435
528
1,027
94"
1,03
944
8,500
21,797
25,203
35,029
32,573
36.498
35,15C
3
146
219
52
337
45
928
135
135 1,33
132 1,25C
140 1,32C
6,082
12,224
14,177
21,366
22,811
23,755
24.620
3,94' 13 ,595
4,69C 18 ,085
4,53i 18 ,075
3,993 16 ,992
4,633 19 ,300
3,996 18 ,632
385
521
511
465
528
487
16'
44C
42'
54!
421
36,
1,295
2,238
2,282
2,265
2,325
2,27(
181
311
28 (
26C
33
12,284
15,885
15,849
14,749
16,999
16,32"
172
54(
60:
80!
74'
81C
6,858
9,449
10,546i
11,059
11,613
12,024|
Nonmember 3commercial banks:
1947—Dec. 31.
1956—Dec. 31.
1957—Dec. 31.
1958—June 23.
Dec. 31.
1959—June 10.
544
77.
799
740
808
76'
2 Beginning with June 30, 1948, figures for various loan items are
shown gross (i.e., before deduction of valuation reserves); they do not
add to the total and are not entirely comparable with prior figures. Total
loans
continue to be shown net.
3
Breakdowns of loan, investment, and deposit classifications are not
available prior to 1947; summary figures for earlier dates appear in the
preceding table.
4
5
29'
20
38
45
113
92
12
122
243
160
332
1,175
1,705
1,471
1,466
3,282
809 3,300
288
377
426
689
708
733
743
4,060
6,326
7,095
7,763
7,576
7,472
7,350
104
30
22
301
416
377
36
3,136
483 3,214
476
719
90:
1,33:
1,389
80
1,423
1,387 272
31...
31...
31...
31...
23...
31...
10...
1941—Dec.
1945—Dec.
1947—Dec.
1957_Dec.
1958—June
Dec.
1959—June
1,648
195 2,120
30 2,259
1,982
2,525
23 2,934
30 5,359
164 5,641
37 5,685
4631 5,946
12
27
21
58
20
84
1,596
2,649
2,818
3,000
3,027
3,183
Central reserve city banks.
Beginning with June 30, 1942, excludes reciprocal bank balances,
which on Dec. 31, 1942, aggregated $513 million at all member banks and
$525
million at all insured commercial banks.
6
Demand deposits other than interbank and U. S. Govt., less cash items
reported as in process of collection.
For other notes see opposite page.
1376
WEEKLY REPORTING MEMBER BANKS
ASSETS AND LIABILITIES OF BANKS IN LEADING CITIES
[In millions of dollars]
Loans
For purchasing
or carrying securities
Total
loans
and
investments
Wednesday
Loans
and
investments
adjusted i
Loans
adjusted 1
Commercial
and
industrial
To brokers
and dealers
Fin ancial institutions
To others
Agriculutral
U. S.
U. S. Other
Govt. Other
sese- Govt.
obobliga- curiliga- curities
ties
tions
tions
Nonbank
institutions
Banks
Foreign
Domestic
commercial
Personal
and
sales
fiOther
nance
companies
etc.
Real
estate
All
other
loans
Valuation
reserves
Total—
Leading Cities
Aug. 5
12
19
26
Sept
1959
2
9
16
23
30
Qct
7
14
21
28
105,123
104,879
105,233
105,261
103,737
103,398
104,037
103,888
104,862
. . . 105,010
105,594
104,602
104,311
103,757
1 0 3 554
104,149
103.399
'103 583
104,199
104,082
104,652
104,333
....
64,040 28,688
64,209 28,759
912
916
64,617 28,978
929
927
402
406
r
64,596 rr 28,912
r
r
64,624 '28,992
r
r
354 1,704
321 1,752
1,766
1,697
167 1,277
166 1,264
1,264
1,259
167
166
598 1,386 4,004
599 1,481 3,994
1,196 4,060
1,373 4,041
619
613
1,273
1 251
1,240
1,222
1,193
639
651
647
644
677
1,105 4,034 1 M 3 12,345 14,056
1,456 3,920 1 ,556 12,385 14,060
1,445 4,080 1 569 12,438 14,110
1,203 3,903 1 57? 12,465 14,113
728 3,947 1 603 12,456 14,190
160 1,195
159 1,180
173 1,190
158 1,191
677
671
686
673
1,161 3,820 1 591
1,280 3,743 1 609
724 3,705 1 ,6?4
651
945 3.620
29,007
'29,348
r
29,376
r
29,481
913
918
924
929
944
339
334
333
296
401
1.686
64 483
'65,099
'64,909
r
65,354
103 038
102,802
103 928
103 388
65,219
65,269
65 434
65,244
29,511
29,706
29 550
29,516
936
941
928
936
311
284
512
433
1,740
1,627
1,712
1.682
25,836
25 574
25,764
25,691
25,291
25 052
25 236
25,226
16,678
16 723
16 863
16,859
9,746
9 759
9,836
9,882
269
245
,241
289
1,270
,222
45
45
411
415
392
388
44
413
405
43
416
412
465
25,555
25 718
26 049
25,388
25 248
25 104
25 049
25 407
24,956
24 999
16,824 9,883
16 757 9 910
17 028 10,035
16,917 10,086
17 105 10 171
197 1,201
189 1,142
171 1,132
42
419
430
451
40
41
39
41
417
409
405
386
439
438
435
464
669
642
432
249
25 3?9
25,237
25 106
25,110
24 829
24 632
24 930
24,808
17 146
17,161
17 291
17,207
10 192
10,290
10 182
10,183
1,249
1,140
1,211
330 1.197
39
39
36
389
385
388
460
459
461
500
605
176
34
387
455
302
47 362
47,486
47,733
'47,758
18 942
19,000
19,076
19,096
911
915
928
463
463
496
122
866
206
76
162
121
123
849
851
211
214
604
,609
,586
1 ,542 12,264 13,889 1,359
1 ,565 12,302 13,932 1.361
1 ,565 12,327 13,945
,360
1
36?
12,353 14,011
165
158
161
162
162
361
1,361
360
359
360
12,462
12,494
12,513
12,527
14,176
14,216
14,201
14,215
774
790
2,510
2,506
2,503
2,520
396
396
2,542
2,535
2,540
2,551
2,565
396
395
395
394
360
361
1,360
358
New York City
1959
Aug
-,^
19
26
Sept
:
2
9
16
23
30
Oct
7
14
28
240
225
183
186
115
1,138
170
187
371
545
522
528
,382
,367
,444
,425
303
314
304
805
396
,342
304
805
505
347
,394
305
305
303
293
30?
798
833
848
857
852
396
396
396
395
395
395
308
312
310
870
890
893
317
896
2,547
2,578
2,564
2,563
841 2,622 1 739
,251
,260
908 2,616
,224
11,490
11,512
11,529
11,548
11,379
11,426
11,442
11,491
963
654 2,638
787 2,578
803 2,575
771 2,556
479 2,553
,239 11,540 11,514
,251 1 1 , 5 5 2 11,525
766 11,590 11,570
,279 11,608 11,562
,301 11,604 11,625
965
661 2,504
675 2,468
548 2,437
643 2,382
,283 11,592 11,629
,297 11,604 11,638
3 1 ' 11,620 11,637
1,334 11.631 11,652
965
966
316
275
?68
238
394
Outside
New York City
1959
A u 8 >
Sept
r
79,469
r
r
r
79,570
78 446
78,346
78,801
'78,662
926
181
475
123
843
201
2
9
r
79,307
r
79,292
r
79 545
r
79,214
r
r
78,653
r
78.505
r
78 742
r
78,443
r
r
47,800
r
47,726
r
19,109
19,097
48 071 19,313
19,290
'47,992
78,584 r 48,249 19,310
912
142
485
854
209
917
923
145
162
462
477
123
928
943
113
215
123
121
817
807
209
213
78,870
78,845
79 546
79,223
78,209
78,170
78 998
78,580
48,073
48,108
48,143
48,037
935
940
141
97
471
522
491
487
121
120
806
795
217
212
927
935
141
103
501
485
137
124
802
804
225
218
16
23
30
Oct.
85
19
26
u . ' . : :::::::
7
14
21 ..
28
r
1
79 287
79,305
79,063
19,319
19,416
19,368
19,333
Revised.
Exclusive of loans to domestic commerical banks and deduction of
valuation reserves; individual loan items are shown gross.
118
120
834
831
212
209
959 2,627
668 2,616
965
964
966
965
965
964
965
966
964
NOTE.—For description of changes in the series, beginning July 1, 1959,
see BULLETIN for August 1959, p. 885.
1377
WEEKLY REPORTING MEMBER BANKS
ASSETS AND LIABILITIES OF BANKS IN LEADING CITIES—Continued
[In millions of dollars]
Cash assets, excluding cash items in process
of collection
Investments
U. S. Government obligat ions
Wednesday
Total
Bills
Certificates
of indebtedness
Notes and bonds
maturing:
Balances
with
domestic
banks
Balances
with
foreign
banks
Reserves
with
F. R.
Banks
All
other
assets
Total
assets—
total
liabilities
and
capital
accounts
Other
securities
Total
6,704
6,678
6,674
6,653
10,051
9,993
'9,990
'10,001
17,030
17,047
'17,094
'17,065
2,658
2,738
'2,727
'2,614
84
88
90
101
1,067
1,204
1,158
1,195
13,221
13,017
'13,119
'13,155
3,160 134 896
3,169 135,578
3,036 '135 386
2,971 '134 505
'17,344 6,620
'17,309 6,616
'17,229 6,629
'17,074 6,619
'16,916 6,614
'10,076
'10,124
'10,156
'10,129
'10,108
'17,047
'16,954
'17,652
'17,275
'17,181
'2,721
'2,844
'3,080
'2,761
'2,943
81
84
108
94
92
1,123
1,203
1,195
1,229
1,155
'13,122
'12,823
'13;269
'13,191
'12,991
3 046
3,064
3,025
3,035
3,143
'134 705
'134,955
'138,218
'134,936
'135,803
WithAfter
1 to
in
5 years
1 year 5 years
Cash
in
vault
Total—
Leading Cities
1959
Aus
5
19
26
Sept
2
9
16
23
30
Oct.
7
14
21
28
29.646
29,196
'29,451
'29,270
2,345
2,068
2,460
2,378
166
,143
096
095
546 17,885
509 17,798
,800 '17,421
767, '17,382
r
29 057
'28,947
'28,894
'28,361
'28,121
2,297
2,239
2,312
2,042
1,990
,093
,097
,087
,040
,033
,703
,686
,637
,586
,568
27,668
27,446
28.486
28 194
1,652
1,478
2.309
2,096
,072
,075
,084
.116
,575
,537
,492
.481
16,764
16,726
16,950
16,870
6,605
6,630
6,651
6,631
10,151
10,087
10,008
9,950
16,988
17,322
17,675
17,582
2,651
3,011
2,791
2,661
85
90
95
105
1,134
1,253
1,206
1,250
13,118
12,968
13,583
13 566
3,138
3,165
3,077
3 108
134,219
136,853
136,244
135 341
New York City
1959
Aug.
5
12
19
26
6,297
6,019
6,038
6,011
998
798
835
831
141
126
126
117
366
336
382
375
3,443
3,418
3,356
3,350
,349
,341
,339
,338
2,316
2,310
2,335
2,356
3,947
3,930
3,856
3,899
51
50
60
50
43
42
46
58
142
145
139
145
3,711
3,693
3,611
3,646
1,226
1,250
1,200
1,136
33 767
33,710
33 833
33,658
Sept.
2
9
16
23
30
5,892
5,845
5,931
5,631
5 507
791
770
880
746
680
119
119
127
111
121
318
312
286
249
233
3,315
3,301
3,297
3,184
3,133
,349
1,343
1,341
1,341
1,340
2,388
2,447
2,448
2,408
2,387
3,796
3,732
3,570
4,009
3,860
50
65
63
72
82
40
41
62
51
46
143
156
147
149
142
3,563
3,470
3,298
3,737
3 590
1,161
1,174
1,162
1,170
1 207
33,555
33,747
34,259
33,639
34 151
Oct
7
14
21
28
5 286
5,120
5,348
5,329
529
405
620
620
128
125
114
180
161
121
127
3,114
3,089
3,152
3,130
1,335
1,340
1,341
1.339
2,397
2,351
2,291
2,272
3,757
3,624
4,252
4,255
57
56
62
65
40
48
52
58
153
167
151
161
3 507
3,353
3,987
3,971
1 229
1,238
1,147
1,152
33 403
34,003
34,035
34 083
1,180 14,442 5,355
1,173 14,380 5,337
1,418 '14,065 5,335
1,387 1 4 , 0 3 2 5,315
7,735
7,683
'7,655
'7,645
13,083
13,117
'13,238
'13,166
2,607
2,688
'2,667
'2,564
41
46
44
43
925
1,059
1,019
1,050
9,510
9,324
'9,508
'9,509
1,934 101,129
1,919 101,868
1,836 '101,553
1,835 '100,847
1,385 '14,029
1,374 '14,008
1,351 '13,932
1,337 M3,89O
1 ,335 '13,783
5,271
5.273
5,288
5,278
5,274
'7,688
'7,677
'7,708
'7,721
r
7,721
'13,251
'13,222
'14,082
'13,266
'13,32
'2,671
'2,779
'3,017
'2,689
'2,861
41
43
46
43
46
980
1,047
1,048
1,080
1.013
'9,559
'9,353
'9,971
'9,454
'9,401
1,885
1,890
1,863
1,865
1,936
'101,150
'101,208
'103,959
'101,297
'101,652
13,650 5,270
13,637 5,290
13,798 5,310
13,740 5,292
7,754
7,736
7,717
7.678
13,23
13,698
13,42.
13,327
2,594
2,955
2,729
2,596
I
981
1,086
1,055
1,089
9,611
9,615
9,596
9,595
1,909
1,927
1,930
1,956
100,816
102,850
102,209
101,258
Outside
New York City
1959
Aug.
5
12
19
26
23,349
23,177
'23,413
'23,259
,347
,270
,625
,547
1,025
1,017
970
978
Sept.
2
9
16
23
30
'23,165
'23,102
'22,963
'22,730
'22,614
,506
,469
,432
,296
"U0
974
978
960
929
912
Oct.
7
14
21
28
22,382
22,326
23,138
22,865
1,123
,073
,689
,476
944
950
970
1,003
.
' Revised.
1,395
1,376
1,371
1,354
For notes see opposite page.
47
1378
WEEKLY REPORTING MEMBER BANKS
ASSETS AND LIABILITIES OF BANKS IN LEADING CITIES—Continued
[In millions of dollars]
Deposits
Borrowings
Time
Demand
Wednesday
DeInterbank
mand
deposits
ad- 1
justed
Domes- Foreign
tic
U. S.
Govt.
States
and
political
subdivisions
Certified
and
officers'
checks,
etc.
Individuals,
partnerships,
and
corporations
Interbank
1,744
1,705
1,694
1,701
174
176
175
175
1,644
1,631
1,617
1,594
28,941
28,940
'28,931
'28,926
463
410
382
326
U. S. States
and
Govt.
politand
ical
postal
subsavdiviings
sions
Individuals,
partnerships,
Other
liabilities
Capital
accounts
1,849
2,173
1,866
2,037
3,045
3,096
3,097
3,110
11,112
11,127
11,142
11,144
From
F. R. From
Banks others
and
corporations
Total—
Leading Cities
1959
19
26
61,218
61,047
60,030
60,786
10,769
10,977
10,695
10,239
,448
,416
,441
,403
2,906
2,397
4,293
3,856
4,837
4,576
4,540
4,573
2,219
2,104
2,185
2,232
63,745
64,850
"63,328
'63,189
Sept. 2
9
16
23
30
60,216
60,634
61,143
"60,242
60,180
10,842
11,324
11,841
10,527
10,998
,506
,463
,454
,427
,450
3,672
2,560
3,141
3,819
4,279
4,606
4,456
4,365
4,450
4,631
346
254
2,315
238
533
63,014
63,851
66,410
'63,578
'64,184
1,616
1,615
1,594
1,578
1,567
173
174
175
172
169
1,569
1,553
1,520
1,516
1,508
'28,965
'29,006
'28,988
'29,040
'29,063
434
298
313
606
173
1,663
2,080
1,884
1,733
936
3,129
3,157
3,089
3,123
3,112
11,170
11,164
11,129
11,129
11,200
Oct.
60,061
60,837
60,815
61,239
11,256
11,839
10,906
10,462
,409
,422
,437
1,370
2,793
1,719
3,885
3,477
4,364
4,217
4,220
4,346
2,247
2,433
2,485
2,471
63,344
66,471
64,950
64,740
1,547
1,520
1,519
1,498
149
148
145
144
1,475
1,467
1,436
1,425
29,006
29,980
28,991
28,963
466
277
715
699
1,752
1,897
1,196
1,344
3,200
3,274
3,178
3,190
11,211
11,189
11,181
11,212
19!!!!!!!
26
15,445
15,355
15,039
15,234
2,825
2,840
2,857
2,806
1,120
1,082
1,102
1,090
1,016
757
1,248
1,058
256
268
260
253
1,050
923
1,026
1,109
16,897
17,120
16,766
16,804
1,376
1,351
1,342
1,328
26
25
26
26
141
138
140
140
3,336
3,336
3,322
3,328
70
7
34
13
927
1,109
981
1,001
1,415
1,440
1,414
1,396
3,312
3,314
3,315
3,306
23!!!!!!!
30
15,191
15,404
15,591
15,213
15,065
2,895
2,978
3,082
2,778
3,167
1,176
1,129
1,147
1,117
1,148
1,065
692
734
1,028
1,218
312
293
289
334
342
1,175
1,153
997
1,067
1,328
16,747
17,081
17,783
16,884
17,231
1,260
1,261
1,244
1,230
1,221
26
26
26
26
26
140
139
124
124
125
3,337
3,357
3,361
3,394
3,411
10
15
104
186
9
716
941
698
792
235
1,384
1,372
1,369
1,380
1,369
3,312
3,310
3,301
3,299
3,321
7
14
21
28
15,178
15,172
15,269
15,497
2,924
3,149
2,864
2,806
1,109
1,114
1,126
1,041
791
454
1,248
1,104
302
323
329
387
1,063
1,189
1,320
1,386
16,901
17,564
17,150
17,290
1,204
1,181
1,179
1,170
26
26
25
24
125
122
117
120
3,363
3,328
3,320
3,302
65
1
140
120
803
799
539
651
1,409
1,433
1,358
1,363
3,318
3,320
3,320
3,319
19
26
45,773
45,692
'44,991
'45,552
7,944
8,137
7,838
7,433
328
334
339
313
1,890
1,640
3,045
2,798
4,581
4,308
4,280
4,320
1,169
1,181
1,159
1,123
46,848
47,730
'46,562
'46,385
368
354
352
373
148
151
149
149
1,503
1.493
1,477
1,454
25,605
25,604
'25,609
'25,598
393
403
348
313
922
1,064
885
1,036
1,630
1,656
1,683
1,714
7,800
7,813
'7,827
'7,838
Sept. 2
9
16
23
30
'45,025
'45,230
'45,552
'45,029
^45,115
7,947
8,346
8,759
7,749
7,831
330
334
307
310
302
2,607
1,868
2,407
2,791
3,061
4,294
4,163
4,076
4,116
4,289
1,171
1,101
1,318
1,171
1,205
'46,267
>'46,770
'48,627
r
46,694
'46,953
356
354
350
348
346
147
148
149
146
143
1,429
1,414
1,396
1,392
1,383
'25,628
'25,649
'25,627
'25,646
'25,652
424
283
209
420
164
947
1,139
1,186
941
701
1,745
1,785
1.720
1,743
1,743
r
Oct.
44,883
45,665
45,546
45,742
8,332
8,690
8,042
7,656
300
308
311
329
2,002
1,265
2,637
2,373
4,062
3,894
3,891
3,959
1,184
1,244
1,165
1,085
46,443
48,907
47,800
47,450
343
339
340
328
123
122
120
120
1,350
1,345
1,319
1,305
25,643
25,652
25,671
25,661
401
276
575
579
949
1,098
657
693
1,791
1,841
1,820
1,827
7
14
21
28
New York City
1959
Oct.
Outside
New York City
1959
Aug
- ,1:::::::
7
14
21
28
' Revised.
1 Demand deposits other than interbank and U. S. Govt., less cash
items reported as in process of collection.
7,858
854
828
830
879
7,893
7,869
7,861
7,893
NOTE.—For description of changes in the series, beginning July 1, 1959,
see BULLETIN for August 1959, p. 885.
1379
BUSINESS LOANS OF BANKS
CHANGES IN COMMERCIAL AND INDUSTRIAL LOANS OF WEEKLY REPORTING MEMBER BANKS, BY INDUSTRY 1
[Net decline, (—). In millions of dollars]
Manufacturing and mining
PetroFood, Textiles, Metals
leum,
and
liquor, apparel, metal
coal,
and
and
chemical,
prodtobacco leather
and
3
Period*
ucts
1957—July-Dec
1958—Jan.-June*
July-Dec. 4
1959—Jan.-July 1
1959—Aug
Sept
Oct
Week ending:
1959_Aug. 5
19'.'.'.'.'.'.'.'.'.'.'.'.!!'.!
26
Sept. 2
9
16
23
30
Oct.
7
14
21
28
Other
Trade
(wholesale
and
retail)
Commodity
dealers
Public
utilities
(incl.
transportation)
Construction
Comm'l
and
ind'l
All
Net
other
changes
types
classiof
fied
business
weekly
reporting
banks
rubber
-161
-8
420
183
-49
58
269
-188
157
-158
-177
234
56
50
69
362
-905
162
-283
410
284
-364
-141
106
145
620
-1,085
723
762
31
-26
-25
36
40
203
86
103
163
19
268
— 31
10
-9
-15
23
— 52
381
613
68
'393
503
35
29
4
8
18
8
60
j
12
-2
16
5
—6
28
-22
-36
49
2
6
5
—3
2
14
-7
— 24
94
54
157
76
103
71
153
66
17
11
34
16
23
-1
8
29
-9
-53
-5
8
39
-5
4
7
21
14
34
28
13
11
103
52
89
-4
6
-2
2
-7
2
5
54
362
65
128
14
15
341
28
5
12
-17
-13
-8
5
-14
-9
38
65
66
34
45
47
28
43
-22
13
-45
23
21
175
30
195
-156
-34
150
331
-159
-496
-658
522
84
-232
146
-454
-140
-14
-121
-519
218
864
-162
188
115
276
82
85
-6
-107
-8
-157
-153
22
101
— 12
-15
38
26
66
26
30
23
6
-8
-23
39
— 16
-2
3
22
19
17
114
14
111
19
23
-29
-18
-61
-23
-30
-13
-30
-16
74
o
32
-14
-13
-43
-38
-20
-28
-70
-36
r
Revised.
1
Data for a sample of about 210 banks reporting changes in their
larger loans; these banks hold about 95 per cent of total commercial
and industrial loans of all weekly reporting member banks and about
75 per cent of those of all commercial banks.
23 Figures for periods other than weekly are based on weekly changes.
Includes machinery and transportation equipment.
* January-June includes 25 weeks; July-December, 27 weeks.
....
—7
-4
—5
38
6
-18
11
-11
-27
-25
920
105
-136
8
NOTE.—Beginning with the week ended July 8, 1959, changes in commercial and industrial loans exclude loans to sales finance companies
and certain other nonbank financial concerns (for description of revisions,
see BULLETIN for August 1959, p. 885.) Figures for earlier periods in the
last two columns have been adjusted only to exclude loans to sales finance
companies. Thus, these data are not strictly comparable with current
figures.
BANK RATES ON SHORT-TERM BUSINESS LOANS i
[Per cent per annum]
Size of loan
(thousands of dollars)
Area
and
period
All
loans
110
10100
100200
200
and over
Annual averages,
19 large cities:
1950
1951
1952
1953
1954
1955
1956 . .
1957
1958
2 7
4 5
3 6
3 0
2 4
3.1
4.7
4.0
3.4
2.9
4.9
5.0
5 0
4.2
4.4
3.7
3.9
3.6
4.3
3.9
3.7
5.0
4.4
4.0
3.5
3.7
.
4.2
4.6
4.3
5.2
5.5
5.5
4.21
4.50
4.51
4.87
5.27
5.45
5.49
5.53
5.68
5.91
3.3
3.5
3.4
Sept
Dec. .. .
1959—Mar
June
Sept . . .
Dec
1959—Mar
June
Sept
Size of loan
(thousands of dollars)
110
10100
100200
200
and over
4.00
4 29
4.29
4.71
5.15
5.19
5 38
5.30
5.55
5.79
4.74
4 94
4 93
5.24
5 60
4.28
4 52
4 56
4.97
5.36
3.87
4 18
4 18
4.61
5 07
4.4
4.8
4.6
4.0
4.5
4.1
7 Northern and Eastern
cities:
1958—Sept
Dec
1959—Mar
June.
Sept
4.21
4.50
4.49
4.90
5.27
5.48
5.53
5.54
5.67
5.88
4.90
5.05
5 06
5.33
5.69
4.42
4.66
4.71
5.06
5.42
4.03
4.36
4 35
4.78
5.17
4.90
5.06
5.09
5.33
5 65
4.47
4.68
4.74
5.06
5.43
4.00
4.33
4.32
4.72
5.15
11 Southern and
Western cities:
1958—Sept
Dec
1959—Mar
June
Sept
4.54
4.79
4.84
5.07
5.44
5.55
5.53
5.62
5.74
5.97
4.99
5.12
5.20
5.37
5.65
4.63
4.79
4.87
5.13
5.50
4.23
4.59
4.60
4 87
5.29
3.5
1 For description see BULLETIN for March 1949, pp. 228-37.
2
Based on figures for first 15 days of month.
NOTE.—Bank prime rate was 2 per cent Jan. 1-Sept. 21, 1950. Changes
thereafter occurred on the following dates (new levels shown, in per cent):
Quarterly (cont.): 2
New York City:
1958—Sept
All
loans
4.8
5.1
5.0
Quarterly: 2
19 large cities:
1958
Area
and
period
1950—Sept. 22, 2V4; 1951—Jan. 8, 2%; Oct. 17, 234; Dec. 19, 3; 1953—
Apr. 27, 3V4; 1954—Mar. 17, 3; 1955—Aug. 4, 3*4; Oct. 14, 3 % ; 1956—
Apr. 13, 334; Aug. 21, 4; 1957—Aug. 6, 4i/ 2 ; 1958—Jan. 22, 4; Apr. 21,
31/1; Sept. 11, 4; and 1959—May 18, 4Y2; Sept. 1,5.
1380
INTEREST RATES
MONEY MARKET RATES
[Per cent per annum]
U. S. Government securities (taxable)4
Prime
commercial
paper,
4- to 6months i
Finance
company
paper
placed
directly,
3- to 6months 2
Prime
bankers'
acceptances,
90 days3
1956 average
1957 average
1958 average
3.31
3.81
2.46
3.06
3.55
2.12
1958—Oct
Nov
Dec
3.23
3.08
3.33
1959—Jan
Feb
Mar
Apr
May
June
July
Aug
Sept
Oct
3.30
3.26
3.35
3.42
3.56
3.83
3.98
3.97
4.63
4.73
Year, month, or week
Week ending:
Oct.
4.75
4.75
4.75
4.75
4.68
3
10
17
24
31
3-month bills
6-month bills
3- to 5year
issues6
Rate
on new
issue
Market
yield
2.64
3.45
2.04
2.658
3.267
1.839
2.62
3.23
1.78
2.83
3.53
2.09
2.87
2.75
2.94
2.75
2.75
2.75
2.793
2.756
2.814
2.63
2.67
2.77
2.83
2.92
3.24
3.05
3.00
3.22
3.36
3.44
3.66
3.81
3.87
4.52
4.70
2.75
2.75
2.88
2.98
3.17
3.31
3.45
3.56
4.07
4.25
2.837
2.712
2.852
2.960
2.851
3.247
3.243
3.358
<3.998
4.117
2.82
2.70
2.80
2.95
2.84
3.21
3.20
3.38
4.04
4.05
3.097
3.166
3.159
3.277
3.09
3.12
3.13
3.27
.368
3.531
3.885
3.840
<4.626
4.646
4.53
4.25
4.25
4.25
4.25
4.25
4.194
4.007
4.262
4.099
4.022
4.10
4.02
4.24
3.99
4.00
4.895
4.678
4.666
4.490
4.499
4.80
4.59
4.65
4.45
4.37
C
4.73
4.88
4.81
4.63
4.43
c Corrected.
Average of daily offering rates of dealers.
Average of daily rates, published by finance companies, for varying
maturities in the 90-179 day range.
3 Average of daily prevailing rates.
1
2
Rate
on new
issue
9- to 12-month issues
Market
yield
3.12
3.62
2.90
4.31
4.83
4.69
3.26
3.38
3.56
3.66
3.92
3.97
4.30
4.32
4.80
4.65
3.86
3.85
3.88
4.03
4.16
4.33
4.40
4.45
4.78
4.69
4.95
4.69
4.82
4.66
4.54
4.88
4.75
4.77
4.53
4.47
4.82
4.76
4.72
4.58
4.65
4
Except for new bill issues, yields are averages computed from daily
closing
bid prices.
5
Consists of certificates of indebtedness and selected note and bond
issues.
6
Consists of selected note and bond issues.
BOND AND STOCK YIELDS»
[Per cent per annum]
Year, month, or week
Number of issues
. . . .
1956 aver ace
1957 average .
1958 Oct
Nov
Dec
. . . .
1959 Jan
Feb
Mar
Apr
May
June
July
• .
Aug
Sept
Oct
Week ending:
Oct 3
10
17
24
31
United
States
(longterm) 2
By selected
ratings
State
and local 3
Aaa
Aaa
Baa
Industrial
Railroad
Public
utility
Preferred
Common
Earnings/
price ratio
Corrmon
4-7
20
5
5
120
30
30
40
40
40
14
500
500
3.08
3 47
3.43
2.94
3.56
3.36
2.51
3.10
2.92
3.50
4 20
3.95
3.57
4.21
4.16
3.36
3.89
3.79
3.88
4.71
4.73
3.50
4. 12
3.98
3.65
4.32
4.39
3.54
4.18
4.10
4.25
4.63
4.45
4.09
4.35
3.97
7.17
8.21
5.14
3 76
3.70
3.80
3.69
3.59
3.57
3.23
3.17
3.12
4 25
4.11
4.10
4.42
4.40
4.38
4.11
4.09
4.08
4.92
4.87
4.85
4.25
4.23
4.24
4.56
4.56
4.52
4.46
4.40
4.39
4 64
4.65
4.63
3 54
3.42
3.33
5 14
3.90
3.92
3.92
4.01
4.08
4.09
4 11
4 10
4 26
4.11
3.60
3.57
3.44
3.53
3.70
3.80
3.92
3 84
3 95
3.90
3.19
3.16
3.06
3.12
3.29
3.37
3.51
3 44
3 60
3.57
4.11
4.08
3.93
4.02
4.20
4.28
4.43
4 36
4 42
4.38
4.41
4.43
4.40
4.47
4.60
4.69
4.72
4 71
4 82
4.87
4.12
4.14
4.13
4.23
4.37
4.46
4.47
4 43
4.52
4.57
4.87
4.89
4.85
4.86
4.96
5.04
5.08
5 09
5.18
5.28
4.28
4.31
4.28
4.35
4.46
4.55
4.58
4 56
4 68
4.70
4.53
4.51
4.51
4.56
4.67
4.76
4.79
4 80
4 88
4.96
4.43
4.46
4.43
4.49
4.67
4.77
4.79
4 77
4 89
4.95
4.54
4.52
4.48
4.51
4.68
4.79
4.75
4 70
4 80
4.81
3.24
3.32
3.25
3.26
3.21
3.23
3 11
3 14
3 26
3.26
4.21
4 14
4.13
4.06
4.09
3.97
3.94
3.92
3.86
3.83
3.64
3.61
3.58
3.53
3.49
4.44
A 41
4.40
4.34
4.31
4.87
4.88
4.87
4.86
4.85
4.57
4.57
4.56
4.56
4.56
5.26
5.28
5.29
5.28
5.26
4.70
4 70
4.69
4.70
4.70
4.95
4.97
4.97
4.96
4.96
4.96
4.96
4.96
4.93
4.91
4.85
4 82
4.80
4.82
4.79
3.26
3 25
3.26
3.28
3.23
1 Monthly and weekly yields are averages of daily figures for U. S.
Govt. and corporate bonds. Yields of State and local govt. bonds are
based on Thursday figures; dividend/price ratios for preferred and
common stocks, on Wednesday figures. Earnings /price ratios for common
stocks are as of end of period.
2 Series is based on bonds maturing or callable in 10 years or more.
3 Moody's Investors Service. State and local govt. bonds include general obligations only.
Baa
Dividend /
price ratio
By
groups
Total 4
Total 4
Stocks 5
<Corporate bonds -
Government bonds
5.47
5.70
* Includes bonds rated Aa and A, data for which are not shown separately. Because of a limited number of suitable issues, the number of
corporate bonds in some groups has varied somewhat.
5 Standard and Poor's Corporation. Preferred stock ratio is based on
8 median yields in a sample of noncallable issues—12 industrial and 2
public utility. For common stocks, the ratios beginning with July 1957
are based on the 500 stocks in the price index: prior to mid-1957, on the
90 stocks formerly included in the daily price index.
1381
SECURITY MARKETS
SECURITY PRICES i
Bond prices
Common stock prices
Year, month,
or week
U.S.
Govt.
(longterm)*
Number of issues.
CorMuponicipal
rate
(high- (highgrade) 3 grade) 3
Total
Volume
of
trading *
(in
Trade,
thoufisands
nance, Minof
and
ing shares)
service
Securities and Exchange Commission series
(index, 1939= 100)
Standard and Poor's series
(index, 1941^13= 10)
Manufacturing
Industrial
Railroad
Public
utility
Total
425
25
50
Total
Durable
Trans- PublicNon- portautiltion
duity
rable
265
170
98
72
1956 average.
1957 average.
1958 average.
98.91
93.24
94.02
116.3
105.8
106.4
109.1
101.3
102.9
46.62 49.80 33.65 32.25
44.38 47.66 28.11 32.19
46.24 49.36 27.05 37.22
345
331
341
439
422
426
410
391
385
465
451
458
327
275
270
156
156
173
306
277
314
358
342
314
2,216
2,222
2,965
1958—Oct..
Nov.,
Dec.
89.36
90.13
88.90
100.9
102.3
102.3
98.6
98.9
98.7
50.95 54.55 31.23 39.15
52.50 56.11 33.07 40.75
53.49 57.09 33.70 42.05
376
388
393
474
487
490
437
448
451
499
514
516
311
327
330
183
190
199
346
362
375
344
341
339
4,134
4,131
3,615
1959—Jan...
Feb...
Mar..
Apr...
May..
June..
July..
Aug..
Sept..
Oct.. .
87.54
87.38
87.37
86.21
85.31
85.16
85.00
85.11
83.15
84.95
101.8
102.2
103.4
102.2
100.4
99.4
99.4
100.6
98.3
100.2
98.1
98.0
98.2
97.0
95.0
94.0
93.8
94.3
93.0
92.8
55.82
54.77
56.15
57.10
57.96
57.46
59.74
59.40
57.05
57.00
59.30
58.33
59.79
60.92
62.09
61.75
64.23
63.74
61.21
61.04
35.53
35.20
35.47
35.94
36.07
36.02
36.86
35.56
33.78
34.32
43.96
43.71
45.06
45.12
44.30
42.58
44.21
45.15
43.59
44.11
410
404
414
419
425
419
434
434
417
416
508
496
508
514
527
521
543
542
520
517
474
466
475
481
495
496
522
516
500
498
529
514
530
536
547
534
551
556
529
524
350
350
353
360
358
357
364
349
333
339
213
215
221
226
221
213
218
219
211
213
394
400
405
405
409
418
429
425
424
428
348
345
348
340
334
326
321
324
305
292
3,964
3,463
3,926
3.449
3,379
2,925
3,222
2,431
2,739
2,788
83.80
84.56
84.76
85.53
85.21
98.4
99.1
99.9
100.7
101.0
92.6
92.9
92.9
92.8
92.5
57.14
57.00
57.08
56.56
57.35
61.29
61.04
61.11
60.49
61.48
34.28
34.42
34.50
34.24
34.00
43.56
44.06
44.21
44.17
44.08
417
416
418
412
419
517
516
519
512
522
498
498
502
493
500
525
522
524
519
532
339
340
344
337
333
214
214
214
212
213
429
428
432
424
429
290
290
294
290
296
2,728
2,373
2,309
2,777
3,821
Week etidins:
Oct. 3..
10..
17..
24..
31..
15
17
500
i Monthly and weekly data for (1) U. S. Govt. bond prices, Standard
sion series on common stock prices are based on weekly closing prices.
2
29
14
Prices derived from average market yields in preceding table on basis
as computed by Standard and
cent, 20-year bond.
Average daily volume of trading in stocks on the New York Stock
Exchange for a 5Vi-hour trading day.
4
STOCK MARKET CREDIT
[In millions of dollars]
Broker and dealer credit 2
Customer credit
End of month 1
Total—
securities
other than
U. S. Govt.
obligations
(col. 3 +
col. 5)
Bank loans to others (than
Net debit balances with
New York Stock Exchange brokers and dealers) for pur- 3
firms 2
chasing and carrying securities
Secured by
U. S. Govt.
obligations
Secured by
other
securities
U. S. Govt.
obligations
Other
securities
Money borrowed
On
U. S. Govt.
obligations
On
other
securities
Customers'
net
free
credit
balances
1955—Dec
1956—Dec
1957—Dec
4,030
3,984
3,576
34
33
68
2,791
2,823
2,482
32
41
60
,239
,161
,094
51
46
125
2,246
2,132
1,706
894
880
896
1958—Sept
Oct
Nov
Dec
4,350
4,409
4,464
4,537
122
123
124
146
3,109
3,188
3,245
3,285
51
59
50
63
,241
,221
,219
,252
210
193
210
234
1,865
1,832
1,923
2,071
1,119
1,140
1,148
1,159
1959—Jan
Feb
Mar
Apr
May
June
July
Aug
Sept
4,597
4,569
4,636
4,764
4,758
4,734
4,648
4,528
4,443
155
157
153
166
163
158
153
154
156
3,297
3,253
3,305
3,401
3,385
3,388
3,374
3,269
3,250
62
65
55
55
58
58
164
166
162
,300
,316
,331
,363
,373
,346
,274
,259
,193
230
223
218
252
252
237
228
217
231
1,990
1,963
1,977
2,156
2,159
2.246
2,205
2,199
2,149
1,226
1,196
1,257
1,205
1.188
1,094
1,079
1,035
1,039
1
Data for cols. 4-7 are for last Wednesday of month.
2
Ledger balances of member firms of the New York Stock Exchange
carrying margin accounts, as reported to the Exchange. Customers' debit
and free credit balances exclude balances maintained with the reporting
firm by other member firms of national securities exchanges and balances
of the reporting firm and of general partners of the reporting firm. Balances are net for each customer—i.e., all accounts of one customer are
consolidated. Money borrowed includes borrowings from banks and
from other lenders except member firms of national securities exchanges.
3
Figures are for weekly reporting member banks. Prior to July 1959,
loans for purchasing or carrying U. S. Government securities were reported separately only by New York and Chicago banks. Accordingly,
for that period col. 5 includes any loans for purchasing or carrying such
securities at other reporting banks. Composition of series also changed
beginning with July 1959; revised data for the new reporting series (but
not for the breakdown of loans by purpose) are available back through
July 1958 and have been incorporated.
1382
OPEN MARKET PAPER; SAVINGS INSTITUTIONS
COMMERCIAL AND FINANCE COMPANY PAPER AND BANKERS' ACCEPTANCES OUTSTANDING
[In millions of dollars]
Dollar acceptances
Commercial and finance
company paper
Based on:
Held by:
End of year
or month
Placed
through
dealers 1
Placed
directly
(finance
paper) 2
1,966
1,924
2,020
2,166
2,666
564
733
510
506
551
1,402
1,191
1,510
1,660
2,115
1958—Sept.
Oct..
Nov.
Dec.
3,146
3,294
33,203
2,744
958
961
940
840
1959—Jan..
Feb..
Mar.
Apr.,
May,
June,
July.
Aug.
Sept.
3,076
3,322
3,267
3,334
3,555
3,401
3,552
3,646
3,334
875
897
883
822
791
729
759
795
763
Total
1953
1954
1955
1956
1957
Accepting banks
Total
Goods stored in or
Exshipped between
Imports
points in:
ports
Dollar
from
exOthers into
United
United
Forchange
States States
eign
United Foreign
corr.
States
F. R.
Banks
Total
Own Bills
bills bought
574
873
642
967
1,307
172
289
175
227
287
117
203
126
155
194
55
86
49
72
94
28
69
66
24
19
33
50
76
378
565
405
621
878
274
285
252
261
278
154
182
210
329
456
29
17
17
2
46
75
300
63
227
296
43
89
100
148
232
2,188
2,333
32,263
1,904
,281
,255
,209
,194
385
347
290
302
319
273
234
238
65
73
55
64
28
36
34
49
75
71
75
68
792
802
810
775
236
246
251
254
355
354
348
349
136
117
94
83
319
296
265
244
235
242
251
263
2,201
2,425
2,384
2,512
2,764
2,672
2,793
2,851
2,571
,133
,161
,054
,029
,038
983
957
946
954
276
309
271
269
242
213
198
169
205
226
232
227
208
193
175
160
127
158
51
77
44
60
49
38
38
42
47
40
39
30
30
28
26
25
21
20
60
62
60
56
79
76
74
72
67
756
751
692
673
689
668
661
685
251
275
278
292
286
256
259
287
316
346
339
329
348
'350
327
334
322
301
118
112
111
78
103
111
85
56
45
168
183
82
48
43
33
26
29
46
250
252
253
263
256
256
253
251
246
c
1
Corrected.
As reported by dealers; includes finance company paper as well as
other
commercial paper sold in the open market.
2
As reported by finance companies that place their paper directly with
investors.
Own
acct.
3
Beginning with November 1958, series revised to include all paper
with maturity of 270 days and over. Figures on old basis for November
and December, respectively, were (in million of dollars): Total, 3,192 and
2,731; placed directly 2,252 and 1,891.
MUTUAL SAVINGS BANKS
[Data from National Association of Mutual Savings Banks unless otherwise noted.
Loans
End of year
or month
Mortgage
Securities
Other
U.S.
Govt.
State
and
local
govt.
Cash
assets
829
606
689
185
11,772
16,962
883
917
982
1,026
966
920
889
921
288
304
330
380
414
448
490
535
1941
1945
1951
1952
1953
1954
1955
1956
1957
1958
4,787
4,202
62
3,592
10,650
9,747
11.231
12,792
14,845
17,279
19,559
20,971
23,038
129
144
165
188
211
248
253
320
9,827
9,443
9,191
8,755
8,464
7,982
7,583
7,270
1,786
1,257
2.490
140
2,925
336
3,311
428
3,548
608
3,366
646
3,549
675
4,344
685
4,971
729
1958—Aug.
Sept.
Oct..
Nov.,
Dec.
22,349
22,530
22,725
22,876
23,038
267
287
258
280
320
7,449
7,422
7,330
7,298
7,270
736
738
735
734
729
4,923
4,957
4,951
4.951
4,971
853
871
863
825
921
1959—Jan. 3
Feb..
Mar..
Apr..
May.
June.
July..
Aug..
23,107
23,232
23,407
23,562
23,723
23,879
24,058
24,214
212
239
256
242
278
318
304
339
7,324
364
7,426
7,382
7,395
7,301
7,288
7,276
728
724
763
729
739
747
751
750
4,931
4,937
4,908
4,967
4,947
4,965
4,918
4:931
803
821
866
752
760
803
724
727
n.a.
Not available.
1
Includes securities of foreign governments and international organizations and obligations of Federal agencies not guaranteed by the U. S.
Government,
as well as corporate securities.
2
Not a balance-sheet item. Data represent commitments outstanding
of banks in New York State as reported to the Savings Banks Association
of the State of New York.
Total
assets—
Total
liabili- Deposits
ties
and
surplus
accts.
Corporate
and
otheri
Other
assets
Amounts in millions of dollars]
Other
liabilities
Surplus
accounts
Mortgage loan
commitments 2
Number Amount
n.a.
n.a.
n.a.
n.a.
154
163
203
261
310
369
427
526
1,231
1,582
2,450
2,527
2,608
2,738
2,854
2,986
3,105
3,227
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
89,912
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
1,664
33,213
33,480
33,575
33,617
34,031
675
625
581
634
526
3,231
3,251
3,240
3,268
3,227
93,673
92,871
90,656
94,736
89,912
1,650
1,678
,662
,684
,664
33,861
33,974
34,287
34,293
34,413
34,624
34,570
34,650
570
641
629
630
699
643
710
798
3,208
3,240
3,269
3,252
3,280
3,293
3,312
3,336
89,819
85,696
82,783
86,488
85,913
91,397
86,894
79,862
,628
,596
,564
,620
,581
,572
1,503
1,460
23,504
25,300
27,199
29,350
31,346
33,381
35,215
37,784
10,503
15,332
20,900
22,610
24,388
26,351
28,182
30,026
31,683
34,031
542
551
534
555
535
37.119
37,356
37,396
37,519
37,784
533
538
559
541
550
547
549
547
37,639
37,855
38,185
38,175
38,392
38,560
38,592
38,784
38
3
Data reflect consolidation of a large mutual savings bank with a commercial bank.
NOTE.—These data differ somewhat from those shown elsewhere in
the BULLETIN; the latter are for call dates and are based on reports filed
with Federal and State bank supervisory agencies. Loans are shown
net of valuation reserves.
SAVINGS INSTITUTIONS
1383
LIFE INSURANCE COMPANIES 1
[Institute of Life Insurance data.
In millions of dollars]
Government securities
Total
assets
Date
Total
End of year: 3
1941
1945
and
United State
local Foreign 2
States
(U.S.)
32,731
44,797
9,478
22,545
6,796
20,583
73,375
78,533
84,486
90,432
96,011
101,309
107,580
12,905
12,537
12,262
11,829
11,067
10,690
11,234
95,844
101,309
1958—Aug...
Sept...
Oct.. .
Nov...
Dec.. .
1959—Jan
Feb
Mar
Apr
May
June
July
Aug
1952.
1953.
1954.
1955.
1956.
1957.
1958.
End of month: 4
1956—Dec...
1957—Dec...
Business securities
Mortgages
Real
estate
Policy
loans
Other
assets
Stocks
Total
687
1,240
10,174
11,059
9,573
10,060
601
999
6,442
6,636
1,878
857
2,919
1,962
1,840
1,738
10,252
9,829
9,070
8,576
7,555
7,029
7,183
1,995
722
1,153
1,298
1,846
2,038
2,273
2,376
2,681
1,500
1,410
1,346
1,215
1,239
1,285
1,370
31,515
34,438
37,300
39,545
41,543
44,057
47,108
29,069
31,865
34,032
35,912
38,040
40,666
42,999
1,446
1,573
,268
,633
,503
,391
4,109
21,251
23,322
25,976
29,445
32,989
35,236
37,062
1,903
2,020
2,298
2,581
2,817
3,119
3,364
2,713
2,914
3,127
3,290
3,519
3,869
4,188
3,088
3,302
3,523
3,743
4,076
4,338
4,624
10,989
10,691
7,519
7,028
2,234
2,377
1,236
1,286
40,976
43,750
38,067
40,737
2,909
3,013
32,994
35,271
2,829
3,120
3,505
3,872
4,551
4,605
105,054
105,493
106,053
106,540
107,419
11,244
11,268
11,299
11,355
11,250
300
307
319
7,344
7,205
2,597
2,616
2,641
2,672
2,685
347
345
339
339
360
45,351
45,561
45,876
46,015
46,411
42,200
42,370
42,689
42,817
43,052
3,151
3,191
3,187
3,198
3,359
36,323
36,462
36,648
36,794
37,097
3,355
3,368
3,388
3,415
3,349
4,114
4,138
4,162
4,183
4,204
4,667
4,696
4,680
4,778
5,108
108,145
108,583
108,945
109,430
109,928
110,424
111,152
111,646
11,620
11,596
11,479
11,568
11,644
11,679
11,807
11,938
7,485
7,414
7,229
7,251
7,235
7,246
7,259
7,354
2,744
2,774
2,840
2,889
2,968
2,991
3,085
3,115
1,391
1,408
1,410
1,428
1,441
1,442
1,463
1,469
46,602
46,829
47,093
47,343
47,545
47,800
48,024
48,096
43,237
43,442
43,672
43,904
44,086
44,314
44,477
44,539
3,365
3,387
3,421
3,439
3,459
3,486
3,547
3,557
37,211
37,350
37,486
37,602
37,737
37,894
38,108
38,282
3,393
3.414
3; 450
3,469
3,493
3,522
3,583
3,603
4,225
4,253
4,284
4,317
4,346
4,380
4,389
4,423
5,094
5,141
5,153
5,131
5,163
5,149
5,241
5,304
1
2
Figures are for all life insurance companies in the United States.
Represents issues of foreign governments and their subdivisions
and bonds of the International Bank for Reconstruction and Development.
3 These represent annual statement asset values, with bonds carried on
an amortized basis and stocks at end-of-year market value.
4
These represent book value of ledger assets. Adjustments for interest
due and accrued and for differences between market and book values
are not made on each item separately, but are included in total, in "Other
assets."
SAVINGS AND LOAN ASSOCIATIONS 1
[Federal Savings and Loan Insurance Corporation data.
In millions of dollars]
Liabilities
Assets
Mortgages2
U.S.
Govt.
obligations
1941
1945
4,578
5,376
107
2,420
344
450
775
356
1951
1952
1953
1954
1955
1956
1957
1958
15,564
18,396
21,962
26,108
31,408
35,729
40,007
45,599
1,603
1,787
1,920
2,013
2,338
2,782
3,173
3,821
1,066
1,289
1,479
1,971
2,063
2,119
2,146
2,569
1958—Aug . . .
Sept
Oct
Nov
Dec
43,423
43,997
44,602
45,067
45,599
3,480
3,627
3,734
3,784
3,821
1959—Jan
Feb
Mar
Apr
May
June
Julv
Aug
46,009
46,436
47,029
47,733
48,483
49,323
50,102
50,830
4,117
4,214
4,293
4,399
4,422
4,417
4,522
4,543
End of year
or month
... .
Cash
assets
Other 3
Total
assets—2
Total
liabilities
C
4,682
"7,365
475
644
899
1,108
1,297
1,541
1,847
2,199
2,770
3,125
6,049
8,747
19,222
22,660
26,733
31,633
37,656
42,875
48,138
55,114
16,107
19,195
22,846
27,252
32,142
37,148
41,912
47,926
2,373
2,295
2,187
2,231
2,569
2,894
2,936
3,067
3,169
3,125
52,170
52,855
53,590
54,251
55,114
2,269
2,243
2,244
2,061
2,089
2,338
1,894
1,850
3,072
3,152
3,244
3,397
3,578
3,584
3,492
3,509
55,467
56,045
56,810
57,590
58,572
59,662
60,010
60,732
c
n.a. Not available.
Corrected.
1
Figures are for all savings and loan associations in the United States.
Data beginning with 1951 are based on monthly reports of insured
associations and annual reports of noninsured associations. Data prior
to 21951 are based entirely on annual reports.
Prior to 1958 mortgages are net of mortgage pledged shares. Asset
items will not add to total assets which include gross mortgages with
no deductions for mortgage pledged shares. Beginning with January
1958, no deduction is made for mortgage pledged shares. These have
Savings
capital
Reserves
and
undivided
profits
Borrowed
money 4
Loans in
process
1,453
1,658
1,901
2,187
2,557
2,950
3,363
3,857
256
336
894
944
1,027
950
1,546
1,347
1,379
1,451
1,170
45,435
45,875
46,376
46,853
47,926
3,857
1,052
1,137
1,195
1,236
1,451
1,115
1,162
1,184
1,173
1,170
48,360
48,768
49,297
49,717
50,321
51,411
51,601
51,995
3,864
3,873
3,874
3,875
3,886
4,100
4,106
4,117
1,270
1,213
1,208
1,306
1,369
1,682
1,713
1,831
1,133
1,175
1,290
1,388
1,484
1,598
1,606
1,596
Other
Mortgage
loan
commitments 5
402
n.a.
n.a.
768
863
959
1,244
1,411
1,430
1 4K4
710
n.a.
n.a.
n.a.
n.a.
833
843
862
1.479
710
1,432
1,482
1,499
1,541
1,479
840
1,016
1,141
1,304
1,512
871
984
1,193
1,515
1,630
1,756
1,923
1,976
1,980
1,951
1,861
c
declined consistently in recent years and amounted to $42 million at the
end of 1957.
3 Includes other loans, stock in the Federal home loan banks and other
investments, real estate owned and sold on contract, and office buildings
and4 fixtures.
Consists of FHLB advances and other borrowing.
5
Not a balance-sheet item.
6 Not available separately.
NOTE.—Data for 1958 and 1959 are preliminary.
1384
BUSINESS FINANCE
CORPORATE PROFITS, TAXES, AND DIVIDENDS
NET CHANGE IN OUTSTANDING CORPORATE SECURITIES 1
[Department of Commerce estimates. In billions
of dollars]
[Securities and Exchange Commission estimates. In millions of dollars]
Year or
quarter
Profits
before
taxes
All types
InProfits Cash Undiscome after
divi- tributed
taxes taxes dends profits
1951...
1952...
1953...
1954...
1955...
1956...
1957...
1958...
42.2
36.7
38.3
34.1
44.9
44.7
43.3
37.1
22.4
19.5
20.2
17.2
21.8
21.2
21.1
18.2
19.7
17.2
18.1
16.8
23.0
23.5
22.2
18.9
9.0
9.0
9.2
9.8
11.2
12.1
12.5
12.4
10.7
8.3
8.9
7.0
11.8
11.4
9.7
6.5
1957—2
3
4
43.5
44.0
39.4
21.2
21.4
19.2
22.3
22.5
20.2
12.7
12.8
12.2
9.6
9.7
8.0
1958—1
2
3
4
32.0
33.6
38.3
44.6
15.7
16.5
18.8
21.9
16.3
17.1
19.5
22.7
12.7
12.6
12.6
12.0
3.6
4.5
6.9
10.7
1959—1
2
46.5
52.6
22.6
25.6
23.8
27.0
12.8
13.0
11.0
14.0
Year or
quarter
Bonds and notes
Stocks
New Retire- Net
New Retire- Net
New Retire- Net
issues ments change issues ments change issues ments change
1951
1952
1953
1954
1955
1956
1957
1958
9,048
10,679
9,550
11,694
12,474
13,201
14,350
14,710
2,772 6,277 5,682
2,751 7,927 7,344
2,429 7,121 6,651
5,629 6,065 7,832
5,599 6,875 7,571
5,038 8,162 7,934
3,609 10,741 9,638
5,113 9,597 9,694
2,105
2,403
1,896
4,033
3,383
3,203
2,584
3,705
3,577
4,940
4,755
3,799
4,188
4,731
7,053
5,989
3,366
3,335
2,898
3,862
4,903
5,267
4,712
5,016
667
348
533
1,596
2,216
1,836
1,024
1,408
2,700
2,987
2,366
2,265
2,687
3,432
3,688
3,608
1,135
1,266
1,386
1,596
1,281
1,371
264
339
550
1,333
942
821
903 1,462
983 1,593
476
432
986
1,161
1958—2
3
4
4,049
3,575
3,519
1,581
1,367
1,313
2,468 2,453
2,208 2,294
2,207 2,148
1,318
1,028
762
1959—1
2
3,054
3,410
1,165
1,266
1,890 1,592
2,144 1,818
688
834
1
Reflects cash transactions only. As contrasted with data shown on p. 1386, new issues
exclude foreign and include offerings of open-end investment companies, sales of securities
held by affiliated companies or RFC, special offerings to employees, and also new stock
issues and cash proceeds connected with conversions of bonds into stocks. Retirements
include the same types of issues, and also securities retired with internal funds or with
proceeds of issues for that purpose shown on p. 1386.
NOTE.—Quarterly data are at seasonally adjusted
annual rates.
CURRENT ASSETS AND LIABILITIES OF CORPORATIONS i
[Securities and Exchange Commission estimates. In billions of dollars]
Current asse,ts
End of year
or quarter
Net
working
capital
Total
Cash
U. S.
Govt.
securities
Current liabilities
Notes and accts.
receivable
U.S.
Govt.2
Other
Inventories
Notes and accts.
payable
Other
U.S.
Govt. 2
Other
Federal
income
tax
liabilities
Total
Other
1951
1952
1953
1954
1955
1956
1957 .
86.5
90.1
91.8
94.9
103.0
107.4
111.7
179.1
186.2
190.6
194.6
224.0
237.9
242.0
30 0
30.8
31.1
33.4
34.6
34 8
34.7
20.7
19.9
21.5
19.2
23.5
19.1
17.2
2.7
2.8
2.6
2.4
2.3
2.6
2.8
58.8
64.6
65.9
71.2
86.6
95.1
98.3
64.9
65.8
67.2
65.3
72.8
80.4
82.3
2.1
2.4
2.4
3.1
4.2
5.9
6.7
92.6
96.1
98.9
99.7
121.0
130.5
130.2
1.3
2.3
2.2
2.4
2.3
2.4
2.3
53.6
57.0
57.3
59.3
73.8
81.5
81.2
21.3
18.1
18.7
15.5
19.3
17.6
15.7
16.5
18.7
20.7
22.5
25.7
29.0
31.1
1958—2
3
4
115.0
117.1
119.8
232.9
237.8
243.7
34.2
35.2
37.1
13.9
15.0
18.2
2.6
2.7
2.8
96.6
100.5
101.0
78.4
77.3
77.6
7.1
7.2
7.0
117.9
120.7
123.8
1.9
1.8
1.7
75.3
76.4
77.9
9.8
11.4
13.3
30.8
31.1
30.9
1959
122.4
125.4
247.1
254.8
34.3
35.6
19.5
20.0
2.8
2.7
102.6
106.4
80.0
81.8
7.8
8.3
124.7
129.3
1.7
1.7
78.4
81.1
12.8
13.7
31.8
32.8
1
l .
2
2
Receivables from, and payables to, the U. S. Government exclude
amounts offset against each other on corporations' books.
Excludes banks and insurance companies.
BUSINESS EXPENDITURES ON NEW PLANT AND EQUIPMENT i
[Department of Commerce and Securities and Exchange Commission estimates. In billions of dollars]
Transports tion
Year
1951.
1952.
1953.
1954.
1955.
1956.
1957.
1958.
19594
1
2
Total
25.6
26.5
28.3
26.8
28.7
35.1
37.0
30.5
33.3
Manufacturing
10.9
11.6
11.9
11.0
11.4
15.0
16.0
11.4
12.4
Mining
.9
1.0
1.0
1.0
1.0
1.2
1.2
.9
1.0
Railroad
Other
1.5
1.4
1.3
.9
.9
1.2
1.4
.8
1.0
1.5
.5
.6
.5
.6
.7
.8
.5
2.0
Corporate and noncorporate business, excluding agriculture.
Includes trade, service, finance, and construction.
Public Comutili- muni- Other 2
ties
cations
Quarter
Total
Manufactur- Trans- Public
All
ing
porta- utili- other
^
and
tion
ties
mining
3.7
3.9
4.6
4.2
4.3
4.9
6.2
6.1
5.8
1.3
1.5
1.7
1.7
2.0
2.7
3.0
2.6
10. 9
3
4
5.9
5.6
6.3
6.5
7.5
8.4
7.4
7.2
1958—1
2 .
3
4
7.3
7 8
7 4
8 0
3
3
2
3
1
2
9
2
.7
6
5
1
1
1
1
2
5
6
7
2.3
2.5
2.4
2.5
1959_1
2
34
44
6.9
8.3
8.6
9.5
2.7
3.3
3.4
4.1
.6
.8
.9
.8
1 2
1.5
1.5
1.6 |
2.5
2.8
2.7
2.9
Includes communications and other.
Anticipated by business.
1385
BUSINESS FINANCE
SALES, PROFITS, AND DIVIDENDS OF LARGE CORPORATIONS
[In millions of dollars]
Annual totals
Quarterly totals
Industry
1957
1954
1955
1956
1957
1958
1959
1958
Manufacturing
Total (180 corps.):
Sales
Profits before taxes
Profits after taxes
Dividends
Nondurable goods industries (79 corps.): *
Sales
Profits before taxes
Profits after taxes
Dividends
Durable goods industries (101 corps.): 2
Sales
Profits before taxes
Profits after taxes
Dividends
Selected industries:
Foods and kindred products (25 corps.):
Sales
Profits before taxes
Profits after taxes
Dividends
Chemicals and allied products (21 corps.):
Sales
Profits before taxes
Profits after taxes
Dividends
Petroleum refining (16 corps.):
Sales
Profits before taxes
Profits after taxes
Dividends
Primary metals and products (35 corps.):
Sales
Profits before taxes
Profits after taxes
Dividends
Machinery (25 corps.):
Sales
Profits before taxes
Profits after taxes
Dividends
Automobiles and equipment (14 corps.):
Sales
Profits before taxes
Profits after taxes
Dividends
88,338 105,006 108,307
10,640 14,803 13,418
5,549 7,564 7,094
3,222 3,847 4,068
834 105,251 28,125 25,542 25,620 25,367 28,722 29,555 32,449
349 10,524 2,966
2,308 2,249 2,436 3,531
3,899 4,653
177 5,737 1,685
1,243
1,194
2,016
1,287
2,013
2,363
192 4,078 1,121
1,038
1,011
1,033
1,042
1,035
987
33,653 37,462 40,053
5,013
5,146
4,214
2,943
2,326 2,814
1,588
1,683
1,426
309 41,820 10,508 10,012 10,113 10,626 11,069 11,085 11,445
010 4,421
1,129
987
947
1,191
1,376
1,297
1,481
944 2,572
574
693
541
679
778
769
806
776
452
1,785
440
487
430
450
463
459
54,685 67,544 68,254
6,427 9,790 8,272
3,223 4,750 4,151
1,796 2,259 2,385
525 63,430 17,618 15,530 15,506 14,741 17,653 18,470 21,004
339 6,102
1,321
1,837
1,303
1,245
2,234 2,523 3,172
3,165
233
669
992
652
608
1,247
1,557
1,235
416 2,293
586
634
572
557
575
585
578
9,236
868
414
260
9,984 10,592 11,085
1,151
955
1,024
460
555
497
312
289
277
2,703
263
132
82
2,632
250
119
80
2,760
283
138
72
2,828
310
149
72
2,865
308
149
2,786
287
136
85
2,938
321
153
78
9,584 10,199 10,669 10,393
1,866
1,541
1,823
1,804
955
942
831
948
690
737
698
717
2,633
422
231
213
2,422
329
174
182
2,533
339
179
178
2,679
398
208
172
2,760
475
271
185
2,770
493
254
180
3,059
595
302
177
10.590 11,515 12,454 13,463 12,790
941
788
516
3,309
254
226
131
3,194
247
199
130
2,982
146
136
130
3,210
274
219
127
3,404
274
234
129
3,447
360
263
133
3,228
300
220
133
,378 20,744 22 ,365 22,468 19,100
,935 3,267 3 ,331
2,977 2,205
1,652
,015
1 ,727 1,540 1,163
730
801
873
582
880
5,220
588
323
223
4,382
391
205
203
4,644
481
255
201
4,881
562
294
194
5,193
771
409
203
5,621
821
416
201
7,119
1,187
587
204
,288 12,480 13 ,908
1,253
,191
1 ,209
604
637
607
368
345
403
15,115 14,654
1,470
1,457
741
729
422
416
3,832
354
181
106
3,485
304
151
111
3,669
344
174
102
3,703
395
204
104
3,796
426
212
104
3,853
422
212
113
4,189
507
254
106
,227 24,624 21,217 23,453 18,483
1,330
2,473 2,701
,276 4,011
1,841
706
1,354
1,186
,089
872
629
758
805
791
5,684
611
340
207
5,003
396
202
198
4,472
234
101
194
3,329
-15
-44
183
5,679
715
446
183
6,259
1,012
491
184
6,579
120
545
196
9,564
844
602
410
2,582
261
200
122
2,244
62
33
96
2,299
144
102
79
2,466
272
195
77
2,555
366
271
157
2,390
167
100
120
2,636
310
207
83
816
388
258
,294
,525
725
582
,128
851
413
1,344
979
438
1,444
1,068
481
1,325
1,075
512
Public Utility
Railroad:
Operating revenue
Profits before taxes
Profits after taxes
Dividends
Electric Power:
Operating revenue
Profits before taxes
Profits after taxes
Dividends
Telephone:
Operating revenue
Profits before taxes
Profits after taxes
Dividends
9,371 10,106 10,551 10,491
1,341
1,058
1,268
908
876
927
737
682
438
462
379
448
7,588
2,049
1,134
868
8,360
2,304
1,244
942
9,049
2,462
1,326
1,022
9,644 10,205
2,557 2,721
1,517
1,413
1,134
1,077
2,464
631
358
269
2,704
768
421
281
2,410
615
349
287
2,469
650
357
276
2,623
688
390
290
2,936
853
469
303
2,661
682
385
302
4,902
1,050
525
448
5,425
1,282
638
496
5,966
1,430
715
552
6,467
1,562
788
613
6,939
1,860
921
674
1,673
400
203
160
1,672
402
200
164
1,715
454
226
166
1,745
494
244
171
1,807
510
251
173
1,825
522
258
178
1,891
551
272
183
1 Includes 17 companies in groups not shown separately.
2 Includes 27 companies in groups not shown separately.
NOTE.—Manufacturing corporations. Data are obtained primarily
from published company reports.
Railroads. Figures are for Class I line-haul railroads (which account
for 95 per cent of all railroad operations) and are obtained from reports
of the Interstate Commerce Commission.
Electric power. Figures are for Class A and B electric utilities (which
account for about 95 per cent of all electric power operations) and are
obtained from reports of the Federal Power Commission, except that
quarterly figures on operating revenue and profits before taxes are partly
estimated by the Federal Reserve to include affiliated nonelectric operations.
Telephone. Revenues and profits are for telephone operations of the
Bell System Consolidated (including the 20 operating subsidiaries and
the Long Lines and General departments of American Telephone and
Telegraph Company) and for two affiliated telephone companies, which
together represent about 85 per cent of all telephone operations. Dividends are for the 20 operating subsidiaries and the two affiliates. Data
are obtained from the Federal Communications Commission.
All series. Profits before taxes refer to income after all charges and
before Federal income taxes and dividends. For detailed description of
series (but not for figures), see pp. 662-66 of the BULLETIN for June 1949
(manufacturing); pp. 215-17 of the BULLETIN for March 1942 (public
utilities); and p. 908 of the BULLETIN for September 1944 (electric power).
For back data for manufacturing, see pp. 792-93 of the BULLETIN for
July 1959; back data for other series are available from the Division of
Research and Statistics.
1386
SECURITY ISSUES
NEW SECURITY ISSUES 1
[Securities and Exchange Commission estimates. In millions of dollars]
Proposed use of net proceeds,
all corporate issuers «
Gross proceeds, all issuers2
Noncorporate
Year or
month
Total
Corporate
Federal
U.S.
Govt.3 agency4
State
and
mu- Other 5 Total
nicipal
9,778
110
12,577
459
13,957
106
12,532
458
9,628
746
5,5r
169
9,601
572
12,063 2,321
3,189
446
4,401
237
5,558
306
6,969
289
5,977
182
5,446
334
6,958
557
7,449 1,052
1951
1952
1953
1954
1955
1956
1957
1958
21,265
27,209
28,824
29,765
26,772
22,405
30,571
34,443
1958—Aug..
Sept..
Oct..
Nov..
Dec.
1,341
'2,160
3,076
1,452
1,899
369
352
1,461
32.
370
1959—Jan...
Feb..
Mar..
Apr..
May.
June.
July..
Aug..
5,780
2,132
1,921
4,511
1,787
2,275
1,408
1,679
3,971
420
443
2,583
338
323
350
309
220
199
*i75
389
647
439
459
448
639
881
637
940
569
995
457
486
New capital
Bonds
PubTotal licly
offered
Pre- Comferred mon
Pristock
stock
vately
placed
5,691
7,601
7,083
7,488
7,420
8,002
9,957
9,653
2,364
3,645
3,856
4,003
4,119
4,225
6,118
6,332
3,326
3,957
3,228
3,484
3,301
3,777
3,839
3,320
838
564
489
816
635
636
411
571
'575 r 492
9
23 1,137 l,059
890 '651
'65
'542 r'420
127
746
'80 1,000
209
851
287
236
266
283
'208
365
184
'480
12
23
'69
12
'51
885
770
656
928
829
910
521
783
405
187
195
310
380
270
173
414
319
294
262
309
244
343
234
242
36
55
47
92
38
43
25
13
7,741
9,534
8,898
9,516
10,240
10,939
12,884
11,558
85
62
11
60
51
47
79
3
724
481
457
619
624
614
407
656
1,212
1,369
1,326
1,213
2,185
2,301
2,516
1,334
Total
MiscellaneNew
Total money 7 ous
purposes
7,607 7,120 6,531
9,380 8,716 8,180
8,755 8,495 7,960
9,365 7,490 6,780
10,049 8,821 7,957
10,749 10,384 9,663
12,661 12,447 11,784
11,372 10,823 9,907
Retirement
of
bank
debt,
etc. 8
Retirement
of
securities
226 363
486
537
664
535
260
709
1,875
864
1,227
721
364
663
214
915
549
'564
'489
'71
'540
55 1,121 1,114 1,017
'744
873
'862
170
'460
'533
'518
110
r
'820
'983
'920
204
'50
'97
118
'58
100
25
'7
11
15
'63
794
600
539
832
764
814
445
695
46
145
92
66
27
60
52
46
29
9
9
9
17
15
10
26
869
754
640
908
809
890
507
767
126
234
151
217
167
254
90
114
840
745
631
899
791
874
497
741
Proposed use of net proceeds, major groups of corporate issuers
Manufacturing
Year or
month
Commercial and
miscellaneous
Transportation
Public utility
,
221
261
90
190
533
243
49
195
462
512
502
831
769
682
579
867
56
24
40
93
51
51
29
13
437
758
553
501
544
694
802
778
1958_Aug.
Sept.
Oct..
Nov.
Dec.
113
'473
'265
120
'226
14
'4
'7
'9
11
'55
'386
'41
'74
53
'3
2
4
'27
'33
81
'25
151
281
181
311
126
'263
1959—Jan..
Feb..
Mar.
Apr.,
May.
June.
July.
Aug.
148
123
92
277
248
221
132
153
17
5
6
7
10
6
5
21
61
105
46
78
56
127
70
52
80
154
51
75
38
96
27
82
295
188
331
314
338
313
167
188
r( 9)
r
r
Revised.
1 Estimates of new issues maturing in more than one year sold for cash
in 2the United States.
Gross proceeds are derived by multiplying principal amounts or number3 of units by offering price.
Includes
guaranteed issues.
4
Issues not guaranteed.
5 Represents foreign governments, International Bank of Reconstruction and Development, and domestic eleemosynary and other nonprofit
organizations.
Real estate
and financial
RetireRetireRetireRetireRetireRetireNew
ment of
ment of
New
ment of
New
ment of
ment of
New
New
New
ment of
capital io secu- capital io secu- capital io secu- capital io secu- capital io secu- capital io securities
rities
rities
rities
rities
rities
2,846
3,712
2,128
2,044
2,397
3,336
4,104
3,265
1951
1952
1953
1954
1955
1956
1957
1958
Communication
53
225
36
270
338
20
14
38
2,326
2,539
2,905
2,675
2,254
2,474
3,821
3,605
85
88
67
990
174
14
51
138
14
449
448
1,536
788
1,812
1,815
1,701
1,014
66
60
24
273
56
17
67
47
14
'9
'48
89
'50
'32
117
'84
r(9)
r(9)
103
124
34
62
9
16
6
22
4
36
221
600
747
871
651
1,045
1,384
1,441
1,294
5
6
3
60
77
21
4
118
113
102
139
105
95
98
231
1
'4
'34
2
1
1
1
1
1
3
2
6 Estimated net proceeds are equal to estimated gross proceeds less cost
of 7flotation, i.e., compensation to underwriters, agents, etc., and expenses.
Represents proceeds for plant and equipment and working capital.
8 Represents proceeds for the retirement of mortgages and bank debt
with original maturities of more than one year. Proceeds for retirement of
short-term bank debt are included under the uses for which the bank
debt was incurred.
9 Less than $500,000.
i o Represents all issues other than those for retirement of securities.
1387
SECURITY ISSUES; FEDERAL FINANCE
NEW STATE AND LOCAL GOVERNMENT SECURITY ISSUES 1
[Investment Bankers Association data. Par amounts of long-term issues in millions of dollars]
Al issues (new capital and refunding)
Type of issuer2
Type of issue
Period
Total
General
obligation
Issues for new capital
Public FederReve- Housal
ing
Govt.4
nue Authorloans
ity 3
Use of proceeds 2
Special
district
and
State statu- Others
tory
authority
Total
amount
deliv-6
ered
Total
Education
Water,
Roads sewer,
and
and
bridges other
utilities
Residential
housing?
Veterans'
aid
Other
purposes
3,278
4,410
5,558
6,969
5,976
5,446
87,150
7,832
2,220
2,633
3,495
3,380
3,770
3,577
4,795
5,446
730
1,463
1,558
3,205
1,730
1,626
1,964
1,778
328
305
496
374
474
199
66
187
n.a.
9
9
9
2
44
324
420
668
718
767
2,047
1,408
800
1,508
2,016
722
1,305
2,091
1,463
1,097
983
1,279
1,368
1,889
2,387
2,701
3,459
3,472
3,664
4,362
4,448
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
6,568
7,708
3,188
4,096
5,477
6,789
5,911
5,383
7,099
7,746
582
969
1,320
1,432
1,516
1,455
2,551
2,644
580
938
1,588
2,136
1,362
698
1,041
1,172
640
642
803
1,270
881
1,399
1,524
1,403
424
506
456
570
258
299
530
1958—Sept
Oct
Nov
Dec
663
462
476
439
462
334
297
387
189
103
125
39
2
12
25
7
12
232
52
29
191
312
324
307
221
427
626
434
556
651
456
474
435
112
114
131
44
2
6
47
3
20
6
184
104
120
89
649
880
646
940
595
'986
567
'517
498
300
490
446
494
368
'523
'224
'"391
384
323
264
185
431
93
423
192
'119
109
6
23
14
15
29
40
150
6
5
53
142
185
186
50
271
150
291
483
321
357
398
'361
355
'257
274
354
562
905
617
902
611
963
530
406
636
856
645
931
592
981
'566
'516
488
203
170
162
253
158
161
196
263
190
'217
155
'153
154
129
57
15
47
1959 Jan
Feb
Mar
Apr
May
119
86
140
27
306
255
139
397
147
355
62
'83
83
26
91
49
166
25
130
159
'59
80
339
123
141
334
188
313
50
'86
84
23
124
12
10
121
29
145
4
1
20
71
357
197
124
68
192
58
'94
138
1951
1952
1953
1954
1955
1956
1957
1958
June
July....
Aug
Sept.. . .
47
20
103
1
ios
(9)
r177
140
n.a.
Not available.
' Revised.
1
Data prior to 1957 are from the Bond Buyer as classified by Federal
Reserve.
2
Classifications prior to 1957 as to use of proceeds and type of issuer
are based principally on issues of $500,000 or more; smaller issues not
classified. As a result some categories, particularly education, are understated relative to later data.
3 Includes only bonds sold pursuant to the Housing Act of 1949.
These are secured by a contract requiring the Public Housing Administration
to make annual contributions to the local authority.
4
Beginning with 1957, coverage is considerably broader than earlier.
361
42
100
141
162
169
110
333
339
981
1,024
,119
1,333
1,414
1,464
fiS7
50
33
100
120
32
5
Consists of municipalities, counties, townships, school districts and,
prior to 1957, small unclassified issues.
6 Excludes Federal Government loans. These data are based on date
of delivery of bonds to purchaser (and of payment to issuer) which occurs
after
date of sale. Other data in table are based on date of sale.
7
Includes urban redevelopment loans.
8
Beginning in 1957 this figure differs from that shown on the opposite
page, which is based on Bond Buyer data. The principal difference is in
the treatment of Federal Government loans.
9 Less than $500,000.
UNITED STATES GOVERNMENT MARKETABLE AND CONVERTIBLE SECURITIES OUTSTANDING, OCTOBER 31, 19591
[On basis of daily statements of United States Treasury. In millions of dollars]
Issue and coupon rate
Treasury bills2
Nov. 5,1959
Nov. 12, 1959
Nov. 19, 1959
Nov. 27, 1959
Dec. 3,1959
Dec. 10, 1959
Dec. 17, 1959
Dec. 22, 1959*
Dec. 24, 1959
Dec. 31, 1959
Jan. 7, 1960
Jan. 14,1960
Jan. 15, 1960
Jan. 21, 1960
Jan. 28, 1960
Feb. 4,1960
Feb. 11, 1960
Feb. 18,1960
Feb. 25, 1960
Mar. 3,1960
Mar. 10, 1960
Mar. 17, 1960
Mar. 22, 1960*
Mar. 24, 1960
Mar. 31, 1960
*1 Tax anticipation series.
Direct public issues.
Amount
Issue and coupon rate
Treasury bills—Cont.
1,401
Apr. 7,1960
1,600
Apr. 14, 1960
1,600
Apr. 15, 1960
Apr. 21, 1960
1,600
Apr. 28, 1960
1,500
June 22, 1960*
1,700
1,700
July 15, 1960
1,500
1,701 Certificates
1,600
Nov. 15, 1959
Feb. 15, 1960
1,600
May 15, 1960
1,602
2,006
1,400 Treasury notes
Nov. 15, 1959
1,401
Apr. 1,1960
400
May 15, 1960
400
May 15, 1960
400
Aug. 15, 1960
400
400
Oct. 1,1960
400
Apr. 1,1961
May 15, 1961
400
4,004
Aug. 1,1961
400
Oct. 1,1961
400
Feb. 15,1962
Amount
Issue and coupon rate
Treasury notes—Cont.
Feb. 15, 1962
4
Apr. 1,1962
11/2
Aug. 15, 1962
4
Oct. 1,1962
IV2
Nov. 15, 1962
334
Feb. 15, 1963
2%
Apr. 1,1963
iy 2
May 15, 1963
4
Oct. 1,1963
11/2
7,711
Apr. 1,1964
IV2
11,363
May 15, 1964
4%
Aug. 15, 1964
5
1,269
Oct. 1,1964
11/2
405
400
2,003
400
401
2,002
2,001
3Ys
3Y4
4
3Vi
IVi
3*4
3%
4%
1%
li/ 2
3%
4
11/2
3%
1,184 Treasury bonds
198
June 15, 1959-62... 2%
Dec. 15, 1959-62... 2%
2,738
2,406
Nov. 15, 1960
21/s
Dec. 15, 1960-653.. 2y4
9,561
Sept. 15, 1961
2y4
278
144
Nov. 15, 1961
2V2
4,078
June 15, 1962-67... 21/2
2,136
Aug. 15, 1963
21/2
332
Dec. 15, 1963-68... 21/2
647
Feb. 15,1964
3
Amount
Issue and coupon rate
Treasury bonds—Cont.
June 15, 1964-69...2V4
Dsc. 15, 1964-69... 2%
Feb. 15, 1965
2%
Mar. 15, 1965-70... 2%
Aug. 15, 1966
3
Mar. 15, 1966-71... 2%
June 15, 1967-72...2%
Sept. 15, 1967-72... 21/2
Dec. 15, 1967-72... 21/2
Oct. 1,1969
4
Nov. 15, 1974
3%
Feb. 15, 1980
4
June 15, 1978-83... 314
May 15, 1985
314
Feb. 15, 1990
3%
5,265
Feb. 15, 1995
3
3,454
3,806 Panama Canal L o a n . . . . 3
1,485
2,239 Convertible bonds
11,177
Investment Series B
2,110
Apr. 1, 1975-80... 2 %
6,755
2,818
3,854
1,435
551
2,000
590
1,143
3,971
533
1,743
506
457
4,184
2,316
12
Amount
3,741
3,815
6,896
4,696
1,484
2,943
1,823
2,716
3,674
1,276
654
884
1,602
1,135
1,727
2,738
50
7,282
2 Sold on discount basis. For discounts
on individual issues, see tables
3
on Money Market Rates, p. 1380.
Partially tax-exempt.
1388
FEDERAL FINANCE
UNITED STATES GOVERNMENT DEBT, BY TYPE OF SECURITY
[On basis of daily statements of United States Treasury.
In billions of dollars]
Public issues 3
111
End of
month
Total
gross
direct
debt 2
Nonmarketable
Marketable
Bonds
Total
Total
Bills
Certificates of
indebtedness
Notes
Bank
eligible 4
Bank
restricted
Convertible
bonds
Total 5
Special
issues
Savings
bonds
Tax
and
savings
notes
8.9
6.1
2.5
7.0
12.1
12.5
12.0
11.8
11.4
10.8
9.5
56.9
59.5
66.4
65.1
65.1
63.6
59.2
57.4
53.4
48.2
52.1
57.6
57.9
57.7
57.7
57.9
56.3
52.5
8.2
5.4
7.5
5.8
6.0
4.5
20.0
29.0
35.9
39.2
41.2
42.6
43.9
45.6
45.8
1941—Dec
1945 Dec
1947 Dec .
. .
1951—Dec
1952 Dec
1953—Dec
1954 Dec
1955—Dec
1956 Dec
1957—Dec
. . . .
64.3
278.7
257.0
259.5
267.4
275.2
278.8
280.8
276.7
275.0
57.9
278.1
256.9
259.4
267.4
275.2
278.8
280.8
276.6
274.9
50.5
255.7
225.3
221.2
226.1
231.7
233.2
233.9
228.6
227.1
41.6
198.8
165.8
142.7
148.6
154.6
157.8
163.3
160.4
164.2
17.0
15.1
18.1
21.7
19.5
19.5
22.3
25.2
26.9
38.2
21.2
29.1
16.7
26.4
28.5
15 7
19.0
34.6
23.0
11.4
18.4
30.3
31.4
28.0
43.3
35.3
20.7
33 6
68.4
68.4
41.0
58.9
63 9
76.1
81 9
80.9
82.1
1958—Oct
280.3
283.2
283.0
280.2
283.1
282.9
233.2
236.3
236.0
172 2
175.4
175.6
25.9
29.1
29.7
38 5
38.5
36.4
21.9
21.9
26.1
85 8
85.8
83.4
8.4
8.4
8.3
52.7
52.6
52.1
51.7
51.7
51.2
45.4
45.1
44.8
285.9
285.2
282.2
285.5
286.4
284.8
288.8
290.5
288.4
291.4
285.8
285.1
282.0
285.4
286.3
284.7
288.7
290.4
288.3
291.3
239.9
239.4
236.1
240.2
240.3
237.1
241.8
242.9
241.1
244.9
179.8
179.3
176.3
180.7
181.0
178.0
183.1
184.5
183.1
187.4
30.3
31.8
32.2
34.2
35.0
32.0
37.0
38 6
37.1
39.1
36.4
38.0
34 4
34.4
33.8
33.8
33.8
20 3
20.3
20.3
28.9
25.3
25.4
27.2
27.3
27.3
27.3
40.7
40.8
43.1
84.2
84.2
84 2
84.9
84.9
84.9
84.8
84 8
84.8
84.8
8.2
8.1
8.0
51.9
51.9
51.9
51.7
51.5
51.4
51.1
50.8
50.6
50.2
51.0
51.0
51.0
50.8
50.7
50.5
50.2
50.0
49.7
49.4
43.9
43.9
43.9
43.3
44.2
44.8
44.1
44.7
44.4
43.6
Nov
Dec
1959—Jan
Feb
Mar
Apr
May
June
July
Aug
Sept
Oct
2.0
6.0
1
Includes some debt not subject to statutory debt limitation (amounting
to $413 million on Oct. 31, 1959) and fully guaranteed securities, not
shown separately.
2 Includes non-interest-bearing debt, not shown separately.
3
Includes amounts held by Govt. agencies and trust funds, which
aggregated $9,847 million on Sept. 30, 1959.
52.2
49.6
36.0
21.0
13.4
5.7
7.8
7.7
7.7
7.6
7.6
7.5
7.3
(6)
4
Includes Treasury bonds and minor amounts of Panama Canal and
postal
savings bonds.
5
Includes Series A investment bonds, depositary bonds, armed forces
leave bonds, and adjusted service bonds, not shown separately.
6 Less than $50 million.
OWNERSHIP OF UNITED STATES GOVERNMENT SECURITIES, DIRECT AND FULLY GUARANTEED
[Par value in billions of dollars]
Held by
U. S. Govt.
agencies and
trust funds*
Total
gross
debt
(including guaranteed
securities)
Special
issues
Public
issues
1941—Dec
1945—Dec
1947—Dec
1951—Dec
1952—Dec
1953—Dec
1954—Dec
1955—Dec
1956—Dec
1957—June
Dec
64.3
278.7
257.0
259.5
267.4
275.2
278.8
280.8
276.7
270.6
275.0
7.0
20.0
29.0
35.9
39.2
41.2
42.6
43.9
45.6
46.8
45.8
1958—Aug
Sept
Oct
Nov
Dec
278.6
276.8
280.3
283.2
283.0
1959—Jan
Feb
Mar
Apr
May
June
July
Aug
285.9
285.2
282.2
285.5
286.4
284.8
288.8
290.5
End of
month
Held by the public
Other
corporations
State
and
local
govts.
3.7
10.7
12.0
9.8
9.5
9.2
8.8
8.5
8.0
7.9
7.6
8.2
24.0
23.9
16.5
16.1
15.8
15.0
14.3
12.8
12.3
12.0
4.0
22.2
14.1
20.7
19.9
21.5
19.2
23.5
19.1
16.1
17.2
.7
6.5
7.3
9.6
11.1
12.7
14.4
15.1
16.1
16.9
17.0
5.4
42.9
46.2
49.1
49.2
49.4
50.0
50.2
50.1
49.1
48.2
8.2
21.2
19.4
15.5
16.0
15.5
13.7
15.1
16.0
17.7
17.5
.9
9.1
8.4
10.6
11.7
13.2
13.9
15.6
16.1
16.0
16.5
66.8
65.8
67.0
68.0
67.5
7.5
7.4
7.4
7.3
7.3
11.9
11.9
12.1
12.1
12.1
15.3
15.0
16.8
18.0
18.2
17.0
17.0
17.2
17.2
17.3
47.9
47.9
47.8
47.8
47.7
16.0
15.9
15.9
15.7
15.8
14.9
15.3
15.8
16.0
16.5
68.2
66.3
63.2
64.7
63.2
61.3
61.8
60.8
7.3
7.4
7.4
7.4
7.4
7.3
7.3
7.3
12.4
12.2
12.0
12.0
12.0
12.0
12.0
12.1
19.8
20.2
19.5
20.9
21.4
20.0
22.2
23.6
17.7
17.8
17.9
18.2
18.2
18.3
18.6
18.8
47.7
47.6
47.5
47.3
47.2
47.0
46.9
46.7
M6.7
17.4
18.2
18.5
18.6
18.7
19.0
19.2
16.7
17.3
17.2
17.8
18.2
19.4
20.4
20.6
Federal
Reserve
Banks
2.6
7.0
5.4
6.4
6.7
7.1
7.0
7.8
8.4
8.7
9.4
54.7
251.6
222.6
217.2
221.6
226.9
229.2
229.1
222.7
215.1
219.8
2.3
24.3
22.6
23.8
24.7
25.9
24.9
24.8
24.9
23.0
24.2
21.4
90.8
68.7
61.6
63.4
63.7
69.2
62.0
59.5
56.2
59.5
46.3
46.0
45.4
45.1
44.8
9.7
9.6
9.7
9.7
9.6
222.6
221.2
225.3
228.4
228.6
25.3
25.0
25.4
26.2
26.3
43.9
43.9
43.9
43.3
44.2
44.8
44.1
44.7
9.6
9.8
9.8
9.8
10.0
9.9
10.0
9.9
232.4
231.6
228.4
232.4
232.2
230.2
234.7
235.9
25.7
25.3
25.5
25.7
25.9
26.0
26.5
26.7
1
r
Includes the Postal Savings System.
Revised.
2
Includes holdings by banks in territories and insular possessions,
which amounted to about $293 million on Dec. 31, 1958.
Individuals
Insurance
companies
Com- Mutual
mercial savings
banks 2 banks
Total
Savings
Other
bonds securities
Misc.
investors 3
3 Includes savings and loan associations, dealers and brokers, foreign
accounts, corporate pension funds, and nonprofit institutions.
NOTE.—Reported data for Federal Reserve Banks and U. S. Govt.
agencies and trust funds; Treasury Department estimates for other groups.
1389
FEDERAL FINANCE
OWNERSHIP OF UNITED STATES GOVERNMENT MARKETABLE AND CONVERTIBLE SECURITIES 1
[On basis of Treasury Survey data. Par value in millions of dollars]
Marketable securities, by maturity class
Marketable and convertible securities, by type
Type of holder and date
Market- Convertible
able
bonds 2 bonds
Total
Within
1 year
1-5
years
5-10
years
Over 10
years
155,206
154,953
155,705
166,675
175,586
49,703
58,714
71,033
67,782
72,616
38,188
31,997
39,184
41,071
52,318
33,687
31,312
14,732
22,961
18,652
33,628
32,930
30,756
34,860
31,999
7,681 178,027
7,639 183,057
7,575 184,463
72,958
77,970
75,158
56,819
56,846
61,071
18,538
18,537
18,536
29,713
29,704
29,698
3,723
4,891
5,491
6,644
6,620
74
927
1,138
899
721
199
500
1.210
1.565
1,696
506
434
295
913
1,179
2,944
3,030
2,848
267
025
7,001
7,193
7,102
930
1,087
965
1,679
1,696
1,725
1,448
1,466
1,468
,944
,944
2,944
'2I875'
2,802
2,802
2,802
2,789
2,484
23,607
23,758
23,035
25,438
26,347
17,405
20,242
20,246
23,010
20,995
3,773
1,087
681
1,014
3,881
1,014
1,014
750
57
206
1,415
1,415
1,358
1.358
1,264
2,879
2,870
11,010
2,484
2,484
2,504
26,04*
26,543
26.690
20,687
21,191
18,676
887
882
6,544
410
410
410
1,060
1,060
1,060
1,455
1,004
2,913
3,331
6,686
15,385
11,620
8,984
11,532
12,285
35,942
34,712
33,839
38,720
34,753
164
155
144
130
130
55,503
49,517
48,590
57,379
58,918
7,187
7,433
12,268
13,431
14,380
21,712
18,234
23,500
24.494
29,696
21,110
19,132
8,600
14.259
10,433
5,494
4,719
4,222
5,195
4,409
3,563
4,838
4.499
3,883
3,629
2.092
12,417
12,126
13,254
33,531
33,060
32,760
120
120
119
53,394
53',653
52,604
10,045
10,926
9,778
31,304
30,747
30,895
8,233
8,188
8,173
3,812
3,792
3.758
8,069
7,735
7,397
7,110
6,942
84
107
163
89
139
53
37
114
132
115
289
356
367
465
538
6,422
6,074
5,655
5,493
5,268
1,222
1,161
1.098
931
882
6,848
6,574
6,299
6,179
6,060
164
247
576
303
300
533
540
1,082
1,106
1,229
1,405
1319
,319
601
675
958
4,746
4,468
4,040
4.094
3,573
7,079
7,060
7,074
175
209
222
209
260
180
684
643
782
5,228
5,172
5,133
783
776
757
6,296
6,284
6,317
480
564
562
1,360
1,303
1,346
1,700
1,678
1,670
2,756
2,738
2,738
13,117
11,702
10.936
10,580
10,984
630
318
326
254
726
74
44
136
112
231
789
760
648
614
731
8,479
7,789
7,277
7,398
7,255
3,145
2,791
2,549
2,202
2,042
9,972
8,911
8,387
8,378
8,943
810
632
955
651
1,158
1,339
1,192
1,775
1,650
1,976
2,027
1,802
1,022
,004
,156
5,796
5,285
4,634
5.074
4,653
1959—June 30
July 31
Aug. 31
10,947
11,006
11,153
503
545
648
347
359
309
798
797
896
7,371
7,380
7,380
1,928
1,926
1,920
9,019
9,081
9,232
1,092
1,139
1,260
2,085
2,094
2,121
,678
,695
,698
4,164
4,153
4,153
Other investors:
1955—June 30
1956—June 30
1957—June 30
1958—June 30
Dec. 31
59,260
64,947
67,329
65,459
71,195
15,153
17,074
19,661
15,392
21,326
3,973
3,919
5,527
8,799
10,137
12,502
13,371
11,113
6,636
8,304
23,927
26,896
27,602
31,829
28,931
3,706
3,646
3,426
2,802
2,497
55,554
61,301
63,904
62.657
68,698
24,062
29,233
35,850
29,489
35,062
10,633
10,443
10,936
11,243
13,841
7,626
7,612
3.464
6.054
4,719
13,233
14,013
13,654
15.872
15,076
1959—June 30
July 31
Aug. 31
78,444
82,456
84,655
25,659
28,778
30,439
10,216
10,292
6,869
9,147
9,498
13,171
31,252
31,735
32,040
2,171
2,153
2,136
76,273
80,303
82,518
39,724
43,063
43,917
16,503
17,124
18,439
5,069
5,100
5,116
14,977
15.017
15,046
Total
Bills
Certificates
Notes
30
30
30
30
31
166,882
166,050
165,985
175,573
183,896
19,514
20,808
23,420
22,406
29,748
13,836
16,303
20,473
32,920
36,364
40,729
35,952
30,973
20,416
26,072
81,128
81,890
80,839
90,932
83,402
1959—June 30
July 31
Aug. 31
185,709
190,696
192,038
32,017
37,029
38,631
33,843
33,843
20,343
27,314
27,341
40,654
84,853
84,843
84,836
7,162
8,236
8,554
9,477
9,379
40
273
130
173
78
355
416
599
492
119
688
1,282
1,169
1,338
3,556
3,575
3,664
4,703
4,711
3,439
3,345
3,063
2,833
2,759
9,681
9,858
9,743
86
186
158
537
588
383
1,389
1,407
1,542
4,988
5,012
5,019
2,680
2,665
2,642
23,607
23,758
23,035
25.438
26,347
886
855
287
2,703
2,284
8,274
10,944
11,367
19,946
18,704
11,646
9,157
8,579
1959—June 30
July 31
Aug. 31
26,044
26,543
26,690
2,032
2,475
2,666
18,650
18,715
10,510
Commercial banks:
1955—June 30
1956—June 30
1957—June 30
1958—June 30
Dec. 31
55,667
49,673
48,734
57,509
59.048
2,721
2,181
2,853
796
194
1959—June 30
July 31
Aug. 31
53,513
53,773
52,723
All holders'.
1955—June
1956—June
1957—June
1958—June
Dec.
U. S. Govt. agencies and trust funds:
1955—June 30
1956—June 30
1957—June 30
1958—June 30
Dec. 31
1959—June 30
July 31
Aug. 31
Federal Reserve Banks:
1955—June 30
1956—June 30
1957—June 30
1958—June 30
Dec. 31
Mutual savings banks:
1955—June 30
1956—June 30
1957—June 30
1958—June 30
Dec. 31
1959—June 30
July 31
Aug. 31
Insurance companies:
1955—June 30
1956—June 30
1957__j une 30
1958—June 30
Dec. 31
* Direct public issues.
Includes minor amounts of Panama Canal and postal savings bonds.
NOTE.—Commercial banks, mutual savings banks, and insurance com2
11,676
11,098
10,280
8,898
8,309
panies included in the survey account for more than 90 per cent of total
holdings by these institutions. Data are complete for U. S. Govt.
agencies and trust funds and Federal Reserve Banks.
1390
FEDERAL FINANCE
SUMMARY OF FEDERAL FISCAL OPERATIONS
[On basis of U . S. Treasury statements and Treasury Bulletin.
In millions of dollars]
Derivation of Federal Government cash transactions
Net Federal cash borrowing or
repayt. (—) of borrowing
Payments to the public,
other than debt
Receipts from the public,
other than debt
Less:
Adjustments 3
Equals:
Total
payts.
to the
public
Excess
of rects.
from
or
payts.
to ( - ) ,
the
public
10,339
14,794
17,856
2,747
3,155
4,622
74,809
83,328
89,014
5,525
1,191
-7,287
66,540
69,433
71,936
80,699
9,436
12,961
16,069
18,535
3,358
2,386
4,592
4,692
72,617
80,008
83,413
94,542
35 ,057
46 ,836
34 892
46 642
36,060
35,876
39,906
40,793
7,133
8,936
8,921
9,614
1,254
3,338
1,285
3,407
155
195
214
556
7 ,936
3 596
6 231
6 791
6,633
7,144
6,237
7,080
1,397
1,597
1,310
1,419
236
212
162
171
189
1,047
486
217
214
,049
7 ,998
9 ,581
5 ,384
7 ,708
10 ,923
3 ,973
7 ,903
9 ,505
6,776
6,331
6,461
6,427
6, 64
8, S3?
6 SS7
6, 305
6, 357
1,883
1,462
1,451
1,905
1,426
1,486
2,174
1,528
1,735
Period
Net
Budget
receipts
Less:
Plus:
IntraTrust
Govt.
fund
transreceipts actions l
Equals:
Total
rects.
from
the
public 2
Budget
expenditures
Plus:
Trust
fund
expenditures
Cal. year—1956
1957
1958
70,994
72 284
68,694
12,398
15 368
16,797
3,023
3 079
*.71O
80 ,334
84 521
81 728
67,216
71,692
75,782
Fiscal year—1956
1957 .
1958
1959P....
68,165
71 029
69 117
68,158
11,685
14 369
16 329
17,067
2,739
3 242
3,493
3,646
77 088
8? ,107
81 893
81 ,534
Semiannually:
1957 July-Dec
1958—Jan.-June
July-Dec....
1959—Jan.-June»...
29,325
39,792
28 902
39,256
7 167
9,162
7 635
9,432
1,410
2,083
627
2,019
7,208
2,769
4,962
6,180
885
1,025
1,486
1,171
4 528
6,576
8 426
4,258
5 425
10 042
3 246
5,679
8,486
759
1,637
1 322
1,302
2 479
1 933
1 214
2,444
1,236
Monthly:
1958 Sent
Oct
Nov
Dec
1959
. .
Jan
Feb
Mar
Apr
May
.
June p
July
Aus;
Increase,
or decrease
Less:
Net
inv. by
Govt.
debt
(direct agen. &
& agen.) tr. funds
Other
noncash
debt 4
Equals:
Net
cash
borrowing or
repayt.
2,481
1,573
-717
-136
64
487
-5,910
-1,168
7,762
4,471
2,099
-1,520
-13,007
-578
3,166
— 1,053 2 339
6,216
657
9,656 - 1 , 0 8 0
623
-292
-200
2,160
-4,366
-3,100
5,760
8,576
41,938
41,475
47 539
47,003
-6,882
5,362
-12,649
-358
-120
5,556
660
111
6,873 - 1 , 4 9 4
414
2,783
-34
-166
653
1,507
5,711
49
7 713
863
-253
713
346
-24
8,283
8,028
7,200
8,522
-348
-4,432
-969
-1,732
-1,650
3,640
2,867
-166
-338
-571
-276
-363
63
183
141
145
-1,374
4,027
3,003
51
1,074
-232
789
328
-288
1,734
561
-664
366
7,585
8,025
7,124
8,005
7,879
8,383
8,171
8,498
7,726
-2,536
-28
2,457
-2,621
-171
2,539
-4,198
-594
1,779
2,801
-434
-3,016
3,491
1,248
-1,306
4,339
1,943
-1,866
-846
128
93
-665
1,148
555
-505
573
-399
101
64
145
69
84
1,042
239
31
-9
3,546
-627
- 3 253
4,086
15
-2,904
4 606
1,339
-1,457
-3,560
467
7,533
Effects of operations on Treasurer's account
Operating transactions
Period
Fiscal vear
1956
1957
1958
Semiannually:
1957—July-Dec
1958—Jan.-June
July-Dec
1959—Jan.-JuneP
Monthly:
1958—Sept
Oct
Nov
Dec
1959_Jan
Feb
Mar
Apr
May
July
Aug
Sept
Financing transactions
Net
market
issuance
Net
Budget
surplus
or
deficit
Trust
fund
accumulation,
or
deficit
Reconciliation
to Treas.
cash
1 626
1,596
-2,81S
-12,541
2 250
1,409
262
-1,468
320
-518
670
57
173
1, 085
567
71
-6,73*
3,916
— 11 004
- 1 , 5 3 "r
34
228
-1,286
-182
159
511
-232
289
1, 007
-440
-121
192
57f
- 4 376
- 1 , 2 7 4I
-900
-511
-572
177
-248
-284
511
111
-601
-2,248
24*
1,965
-2,16S
— 735
1,410
-3,311
-626
2,12S
-1,124
175
-130
-603
1 053
447
-960
91 6
-4S 9
462
-477
507
355
-432
-125
35
-641
323
(+), of
Govt.
agency
obligations 5
Held
outside
Treasury
Treasurer's
account
Balance
F. R.
Banks
(available
funds)
Treasury
Tax and
Loan
Accts.
617
-2 ,300
-197
1,131
1 623
2,224
5,816
8,363
— 202
5
140
12
331
-956
4,159
-4,399
6 546
5,590
9,749
5,350
522
498
410
535
4 633
4,'082
8,218
3,744
1 391
1,010
1,121
1,071
21
-218
1.144
-13
4,371
1,445
6,579
1,784
-160
300
-131
143
-984
5,143
-4,788
389
4,606
9,749
4,961
5,350
481
410
358
535
3,084
8,218
3 468
3,744
1,041
1,121
1 135
1,071
314
519
212
239
1,810
3,546
2,848
-138
-450
161
46
-113
-1,269
-565
1,991
-1,564
5,099
4,534
6,525
4,961
371
363
424
358
3,535
2 916
4,879
3,468
1.193
255
,222
1,135
1,047
2,879
-697
3,069
3,319
950
_ 1,597
3,976
1,714
- 2,100
54
-7
45
-60
-67
178
-77
-33
-73
957
-644
-836
1,531
-81
-538
486
781
399
5,918
5,274
4,438
5,969
5,888
5,350
5,837
6,617
7,017
447
492
398
539
567
535
522
537
704
4,054
3 454
2,787
3,844
4,117
3,744
4,364
5,227
5,353
,417
I 328
1,253
1,586
204
1 071
951
853
960
-3
i
51
155
47
-70
491
-980
-548
670
-666
317
•P Preliminary.
n.a. N o t available.
1
Consists primarily of interest payments by Treasury to trust accounts
and to Treasury by Govt. agencies, transfers to trust accounts representing
Account of Treasurer of United
States (end of period)
Increase,
Net
or
inv. ( - ) ,
in Fed.
decrease
sec. by
Govt.
gross
agency
direct
& trust
public
funds 5
debt
-37
-4
57
6
78
1
54
Cash balances:
inc., or dec. ( —)
Deposits in:
Other
net
assets
Budget expenditures, and payroll deductions for Federal employees retirement funds.
2
Small adjustments to arrive at this total are not shown separately.
For other notes, see opposite page.
1391
FEDERAL FINANCE
DETAILS OF FEDERAL FISCAL OPERATIONS
[On basis of Treasury statements and Treasury Bulletin unless otherwise noted.
In millions of dollars]
Selected excise taxes
(Int. Rev. Serv. repts.)
Budget receipts
Adjustments from total
Budget receipts
Period
Fiscal vear—1956
1957
1958
1959P
Semiannually:
1957_j u ly-Dec
1958—Jan.-June
July-Dec
1959—Jan.- J u n e * . . . .
Monthly:
1958—Sept
Oct
Nov
Dec
1959—Jan
Feb
Mar
Apr
May 3
June*
July
Aug
Sept
Net
Budget
receipts
Income and
profit taxes
Total
Transfers to:
Excise
taxes
Corpo-
Employment7
taxes
Other
receipts
Mfrs.
To- and
reLiquor bacco
tailers'
21,299
21,531
20,533
18,092
10,004
10,638
10,814
10,763
7,296
7,581
8,644
8,855
4,887
4,895
5,414
5,355
2,921
2,973
2,946
3,002
1,613
1,674
1,734
1,807
3,778
4,098
4,316
4,315
2,874 6,273
8,654 14,260
2,827 6,174
8,906 11,918
5,595
5,219
5,364
5,399
3,445
5,199
3,653
5,202
2,625
2,789
2,509
2,846
1,574
1,372
1,600
1,402
848
886
931
876
2,226
2,090
1,963
2,352
Individual
Re- Budget
refunds ceipts
Old- High- R.re-R.
of
age
way
reWithtrust trust tire- ceipts
held
fund 6 fund ment
acct.
Other
ration
68,165
71,029
69,117
68,158
6,337
6,634 1,479
7,733 2,116
8,004 2,171
634
616
575
527
3,684
3,917
4,433
4,934
78,820
83,675
83,974
83,794
24,012
26,728
27,041
28,996
29,325
39,792
28,902
39,256
3,135 1,151
4,598
965
3,383 1,112
655
3,778
634
4,300
34,571
49,403
34,296
49,498
13,760
13,281
13,769
15,227
175
112
4
64
8,119
3,446
5,979
6,848
2,093
1,225
3,641
2,139
1,815
162
94
373
2,267
374
319
2,419
912
954
811
853
549
386
816
441
483
344
298
623
265
328
284
222
160
171
147
136
- 2 6 4,956
374 8,152
1,301 10,722
1,412 6,375
1,030 8,155
208 11,137
167 3,936
181 7,418
161 9,552
948
4,356
2,213
969
4,196
2,547
1,239
4,223
2,264
1,996
846
725
3,033
617
1,689
364
123
1,837
424
362
5,459
477
410
4,786
568
368
3,311
847
906
927
852
1,020
846
971
1,027
1,007
321
1,281
857
558
1,488
697
332
1,321
704
420
401
540
486
424
572
462
356
430
201
209
245
243
276
228
243
288
n.a.
155
141
150
159
156
114
150
172
4,621
',059
305
270
265
262
7,208
2,769
4,962
6,180
504
365
747
397
188
180
198
164
44
21
68
44
4,528
6,576
8,426
4,258
5,425
10,042
3,246
5,679
8,486
267
949
799
540
1,417
649
311
1,235
652
172
182
152
148
214
191
192
237
201
14
71
43
16
70
47
20
85
52
11,322
12,302
11,528
11,733
957
[1,194
1,157
Budget expenditures 8
Major national security
Period
Total
TotaP
Intl.
affairs
Military
and
Military assist- Atomic finance
defense
energy
ance
Agriculture
Vetand
erans' Labor
agriInter- servand
culest ices and welfare
tural
benerefits
sources
Natural
ComGenmerce
eral
and
governhousing ment
Fiscal year—1956..
1957..
1958..
1959^.
66,540
69,433
71,936
80,699
40,641
43,270
44,142
46,413
35,791
38.439
39,062
41,227
2,352
2,187
2,327
2,611
1,651
1,990
2,268
2,547
1,846
1,976
2,234
3,685
6,846
7,308
7,689
7,686
4,756
4,793
5,026
5,131
2,821
3,022
3,447
4,052
4,868
4,526
4,389
6,780
1,104
1,296
1,543
1,669
2,030
1,455
2.109
3,362
1,627
1,787
1,356
1,937
Semiannually:
1957__july-Dec...
1958—Jan.-June..
July-Dec...
1959—Jan.-JuneP.
36,060
35,876
39,906
40,793
21,724
22,418
23,246
23,167
19,370
19,692
20,619
20,608
1,031
1,156
1,145
1,182
1,080
1,188
1,269
1,278
1,216
1,018
1,206
2,479
3,912
3,777
3,686
4,000
2,400
2,626
2,580
2,551
1,636
1,811
2,158
1,894
2,651
1,738
3,922
2,858
850
693
896
773
1,003
1,106
1,438
1,924
661
695
765
1,172
6,198
6,633
7,144
6,237
7,080
3,605
3,863
4,225
3,589
4,212
3,205
3,489
3,802
3,169
3,758
122
151
168
189
221
215
189
221
211
211
233
158
220
175
198
578
586
608
614
652
404
410
454
441
440
368
345
436
343
310
495
769
673
574
781
151
165
166
151
141
233
212
233
238
224
127
123
135
109
123
6,776
6,331
6,461
6,427
6,164
8,632
6 557
6,305
3,693
3,596
3,864
3,898
3,642
4,474
3,772
3.710
3,298
3,218
3,434
3,465
3,253
3,940
3,435
3,375
163
143
195
209
165
307
95
90
213
203
217
211
214
220
224
208
212
176
184
162
167
1,578
159
144
680
636
657
656
658
713
735
734
445
440
441
361
433
431
406
400
432
-52
326
482
355
351
330
352
798
610
394
351
273
432
506
346
106
114
106
125
122
200
143
150
310
320
343
242
389
320
97
500
147
150
129
149
131
114
Monthly:
1958—Aug..
Sept..
Oct.,
Nov..
Dec.
1959—Jan....
Feb.. .
Mar...
Apr.. .
May..
June p .
July...
Aug. . .
3
Consists primarily of (1) intra-Governmental transactions as described in note 1, (2) net accruals over payments of interest on savings
bonds and Treasury bills, (3) Budget expenditures involving issuance of
Federal securities, (4) cash transactions between International Monetary
Fund and the Treasury, (5) reconciliation items to Treasury cash, and
(6)4 net operating transactions of Govt. sponsored enterprises.
Primarily adjustments 2, 3, and 4, described in note 3.
5
Excludes net transactions of Govt. sponsored enterprises, which are
included
in the corresponding columns above.
6
Includes transfers to Federal disability insurance trust fund.
7
Represents the sum of taxes for old-age insurance, railroad retirement, and unemployment insurance.
8
346
The 1960 Budget Document showed certain revisions in fiscal year data.
When the revisions were in classification of functions—such as the shift
of defense-support activities from military assistance and major national
security to international affairs—the revisions were made in monthly and
semiannual data. Other fiscal year revisions not available for monthly
and semiannual periods.
For more details, see the 1960 Budget Document and the Treasury
Bulletin,
Table 4.
9
Includes stockpiling and defense production expansion not shown
separately.
For other notes, see opposite page.
1392
FEDERAL BUSINESS-TYPE ACTIVITIES
SELECTED ASSETS AND LIABILITIES OF FEDERAL BUSINESS-TYPE ACTIVITIES
[Based on compilation by Treasury Department.
In millions of dollars]
End of year
End of quarter
Asset or liability, and activity1
1958
1952
1953
1954
1955
1956
2
Loans, by purpose and agency:
To aid agriculture, total
Banks for cooperatives
,
Federal intermediate credit banks 2.,
Farmers Home Administration
Rural Electification Administration.
Commodity Credit Corporation.
Other agencies
,
To aid home owners, total
Federal National Mortgage Association.
Veterans Administration
Other agencies
To industry, total
Treasury Department...
Commerce Department.
Other agencies
5,070
424
673
596
1,920
1,426
31
6,811
6,929
311
590
648
367
638
701
23
18
2,603
2,242
2,930
2,462
2,907
2,461
> 362
300
168
383
63
588
174
431
353
413
598
2,096
3,076
2,226
2,981
1959
1957
3
6,715
375
689
681
2,348
2,621
6,752
457
734
724
2,488
2,349
(3)
6,681
454
935
832
2.688
1,778
(3)
7,605 6,931
428
410
1,040
1,228
906
903
2,732
2,114
1,600
2,499
(3)
7,402 8,672
511
473
1,169
1,247
819
900
2,820
2,874
1,962
3,298
(3)
9,630
518
1,313
935
2,919
3,944
(3)
3,205
2,641
480
84
3,680
3,072
464
145
4,769
3,998
770
1
4,917
4,096
820
1
4,628
3,776
851
1
4,607
3,716
4,860
3,924
936
1
5,352
4,362
989
619
209
219
191
674
251
217
206
645
224
203
219
654
222
191
241
658
221
190
247
680
216
187
278
695
212
182
301
890
79
678
306
> 261
> 112
864
952
570
1,419
1,233
1,270
701
931
1,010
1,298
1,087
To aid States, territories, etc., total.
Public Housing Administration..
Other agencies
1,020
894
126
645
500
145
272
112
160
245
90
155
246
106
140
264
105
159
275
107
167
271
91
180
294
106
188
293
106
187
291
91
200
Foreign, total
Export-Import Bank
Treasury Department*
International Cooperation Administration.
Other agencies
7,736
2,496
3,667
51,515
58
8,043
2,833
3,620
1,537
53
8,001
2,806
3,570
1,624
1
8,965
3,111
3,470
2,338
46
9,022
3,094
3,470
2,412
9,271
3,239
3,470
2,514
45
47
9,510
3,362
3,419
2,682
46
9,712
3,439
3,419
2,782
73
75
5
69
119
29
90
166
127
39
393
331
62
449
383
65
489
423
66
548
458
89
562
497
66
To financing institutions
All other purposes, total
Housing and Home Finance Agency.
Other agencies
Less: Reserves for losses
Total loans receivable (net).
Investments:
U. S. Government securities, total
Federal home loan banks
Federal Savings and Loan Insurance Corp..
Federal Housing Administration
Federal Deposit Insurance Corporation
Other agencies
Investment in international
institutions
Other securities6
Inventories, total
Commodity Credit Corporation..
Defense Department
General Services Administration.
Other agencies
Land, structures, and equipment, total
Commerce Dept. (primarily maritime activities).
Panama Canal Company
Tennessee Valley Authority
Housing and Home Finance Agency
Nat. Aeronautics and Space Administration....
Bonneville Power Administration
General Services Administration
Post Office Department
Other agencies
- 598
7,988 8,223
2,702 2,701
3,470
3,519
1,995
1,767
57
256
209
47
213
156
57
344
283
62
-140
-309
-367
-354
-486
-268
-203
-450
-368
-353
-228
17,826 19,883 19,348 20,238 20,657 22,395 23,147 22,383 23,280 25,493 26,977
2,421
311
208
316
1,437
148
3,385
223
2,602
387
217
319
1,526
152
3,385
219
2,967
641
228
327
1,624
147
3,385
197
3,236
745
241
381
1,720
149
3,385
179
1,280
978
2,515
2,087
3,852
3,302
- 303
428
550
4,356 21,375 21,628 21,206 21,540 20,743 20,810 20,504
3,025 2,636
3,310
3,013
3.036 2,906
3,747 3,651
11,004 11,136 10,866 10,344 9,730 9,681
9,421
f6,517 7,282 7,528 7,700 7,809 7,919
7,987
609 I 201
185
175
174
191
186
191
3,213
8,062
4,834
363
1,475
1,040
8,046
4,798
421
1,739
728
7,822
4,822
421
1,829
450
3,739
1,018
256
458
1,825
181
3,420
249
345
350
360
300
9,985
4,502
398
1,762
236
276
311
1,298
590
613
Bonds, notes, & debentures payable (not guar.), total... 1,330
181
Banks for cooperatives
704
Federal intermediate credit banks
445
Federal home loan banks
Federal National Mortgage Association
1,182
150
619
414
1,068
156
640
272
2,379
185
665
958
570
2,711
257
721
963
770
415
1,251
1,202
1 Figures except for trust revolving funds (for details see p. 1063 of the
BULLETIN
for August 1959) exclude interagency items.
2
Effective Jan. 1, 1957, the production credit corporations were merged
in the Federal intermediate credit banks, pursuant to the Farm Credit
Act of 1956, approved July 26, 1956 (70 Stat. 659). Thereafter operations
of the banks are classified as trust revolving transactions.
3 Less than $500,000.
4
Figures represent largely the Treasury loan to the United Kingdom,
and through 1952 are based in part on information not shown in Treasury
compilation.
5 Figure derived by Federal Reserve.
« Includes investment of the Agricultural Marketing revolving fund in
8,754
3,040
3,470
2,195
49
3,804
896
274
471
1,937
226
3,420
298
4,523
1,456
283
533
2,013
238
3,420
333
4,467
1,366
4,365
1,250
293
536
278
559
2,030
2,034
242
245
3,420
3,696
3,420
3,703
4,198
995
288
567
2,049
300
3,420
3,703
4,533
1,202
296
586
2,139
310
3,420
3,702
9,962 10,020 10,459 10,422 10,670 10,753
4,535 4,568 4,589 4,550 4,721
4,736
398
396
402
396
396
398
1,801
1,789
1,803
1,790
1,802
1,777
88
77
25
20
32
26
283
274
285
289
280
282
342
345
372
373
349
371
1,308
1,327
1,341
1,237
1,319
1,322
599
599
637
637
637
637
608
644
1,257
1,033
1,050
1,134
4,662
247
902
825
2,688
4,749
224
992
468
3,065
3,812
3,981
207
260
1,181
1,211
455
612
1,968
1,898
4,038
303
1,124
714
1,898
4,212
310
1.256
699
1,947
the banks for cooperatives; Treasury compilations prior to 1956 classified
this item as an interagency asset.
NOTE.—Coverage has changed in some of the periods shown. Beginning with 1956, changes reflect the expanded coverage and the new
classification of activities by type of fund now reported in the Treasury
Bulletin. Classifications by supervisory authorities are those in existence
currently. Where current Treasury compilations do not provide a detailed breakdown of loans, these items have been classified by Federal
Reserve on basis of information about the type of lending activity involved.
For the most recent quarterly data by type of fund and activity, see
BULLETIN for August 1959, p. 1063.
1393
REAL ESTATE CREDIT
MORTGAGE DEBT OUTSTANDING, BY TYPE OF PROPERTY MORTGAGED AND TYPE OF MORTGAGE HOLDER
[In billions of dollars]
Nonfarm
All properties
End of year
or quarter
All
holders
Other
holders
Financial
insti- Selected Inditutions Federal viduals
and
agenothers
cies
Farm
1- to 4-family houses
Multi-family and
commercial properties1
Total
Financial
institutions
Other
holders
Total
Financial
institutions
All
All
holders
Other
holders
holders
FinanOther
cial
insti- holders*
tutions
1941
1945
37.6
35.5
20.7
21.0
2.0
.9
14.9
13.7
31.2
30.8
18.4
18.6
11.2
12.2
7.2
6.4
12.9
12.2
8.1
7.4
4.8
4.7
6.4
4.8
1.5
1.3
4.9
3.4
1951
1952
1953
1954
1955
1956
1957
82.3
91.4
101.3
113.7
129.9
144.5
156.6
171.5
59.5
66.9
75.1
85.7
99.3
111.2
119.7
131.4
2.0
2.4
2.8
2 8
75.6
84.2
93.6
105.4
120.9
134.6
146.1
160.3
51.7
58.5
66.1
75.7
88.2
99.0
107.6
117.9
41.1
46.8
53.6
62.5
73.8
83.4
89.9
98.9
10.7
11.7
12.5
13 2
14.4
15.6
17 7
19.0
23.9
25.7
27.5
29 7
32.6
35.6
38 5
42.4
15.9
17.2
18.5
19 9
21.8
23.9
25.8
28.4
8.0
8.4
9.0
9.8
10.8
11.7
12.7
14.0
6.7
7.3
7.8
8.3
2.6
2.8
3.0
3.3
4.1
4.4
4.8
5.0
3.6
5.4
3.6
4 7
4.8
20.8
22.1
23.5
25.2
27.5
29.7
32.1
35.2
9.9
10.5
11.2
3.9
4.0
4.2
6.0
6.5
7.0
153.7
156.6
117.7
119.7
4.5
4.7
31.6
32.1
143.3
146.1
105.7
107.6
88.5
89.9
17.2
17.7
37.5
38.5
25.2
25.8
12.4
12.7
10.4
10.5
4.0
4.0
6.4
6.5
1958—Mar.p1
June* p
Sept.
Dec v
159 1
162.7
166.8
171.5
121 5
124.5
127.9
131.4
4 9
4.6
4.6
4.8
32 7
33.6
34.3
35.2
148.4
151.8
155.7
160.3
109 3
111.7
114.7
117.9
91 2
93.5
96.2
98.9
18 1
18.2
18.5
19.0
39 2
40.1
41.0
42.4
26 2
26.9
27.5
28.4
12.9
13.2
13.5
14.0
10.6
10.9
11.1
11.2
4.1
4.1
4.2
4.2
6.6
6.7
6.9
7.0
1959
175.5
181.1
186.3
134.3
138.4
142.2
5.3
5.8
6.3
35.9
36.8
37.7
164.0
169.2
174.2
120.7
124.7
128.5
101.1
104.3
107.3
19.6
20.4
21.2
43.3
44.5
45.7
29.0
29.6
30.5
14.4
14.8
15.3
11.5
11.8
12.1
4.3
4.4
4.5
7.2
7.4
7.6
1958P
1957 Sept
1957_Dec
.
Mar *
June pv
Sept
3.1
p
1
Preliminary.
Derived figures, which include negligible amount of farm loans held
by 2savings and loan associations.
Derived figures, which include debt held by Federal land banks and
Farmers Home Administration.
NOTE.—Figures for first three quarters of each year are Federal Reserve
estimates. Financial institutions represent commercial banks (including
nondeposit trust companies but not trust departments), mutual savings
banks, life insurance companies, and savings and loan associations.
9.1
Federal agencies represent HOLC, FNMA, and VA (the bulk of the
amounts held by HOLC, in 1941 and 1945; by FNMA in other periods
shown). Other Federal agencies (amounts small and separate data not
readily available currently) are included with individuals and others.
Sources.—Federal Deposit Insurance Corporation, Federal Home Loan
Bank Board, Institute of Life Insurance, Departments of Agriculture
and Commerce, Federal National Mortgage Association, Veterans Administration, Comptroller of the Currency, and Federal Reserve.
MORTGAGE LOANS HELD BY BANKS»
[In millions of dollars]
Mutual savings bank holdings 3
Commerc tal bank holdings 2
End of year
or quarter
Residential
Total
Total
FHAinsured
VAguaranteed
1941
1945
4,906
4,772
3,292
3,395
1951
1952
1953
1954
1955
1956
1957
1958?
14,732
15,867
16,850
18,573
21,004
22,719
23,337
25,523
11,270
12,188
12,925
14,152
15,888
17,004
17,147
18,591
3,421
3,675
3,912
4,106
4,560
4,803
4,823
5,476
2,921
3,012
3,061
3,350
3,711
3,902
3,589
3,335
1957—Sept
1957—Dec
23,105 17,070
23,337 17,147
4,750
4,823
1958
Mar»
June pp .
Sept.p
Dec
23,400
23,960
24,700
25,523
17,125
17,460
18,049
18,591
1959
Mar."
June2*v
Sept
426,130 19,020
27,060 19 615
27,630 19,952
p
1
2
Conventional
Residential
Farm
Total
Total
FHAinsured
VAguaranteed
1,048
856
566
521
4,812
4,208
3,884
3,387
4,929
5,501
5,951
6,695
7 617
8,300
8,735
9,780
2,458
2,621
2,843
3,263
3,819
4,379
4,823
5,461
,004
,058
,082
,159
297
,336
,367
,471
9,916
11,379
12,943
15,007
17,457
19,745
21,169
23,263
8,595
9,883
11,334
13,211
15 568
17,703
19 010
20,935
2,567
3,168
3,489
3,800
4 150
4,409
4 669
5,501
1,726
2,237
3,053
4,262
5 773
7,139
7,790
8,361
3,660
3,589
8,660
8,735
4,660
4,823
,375 20,812 18,687
,367 21,169 19,010
4,575
4,669
4,825
4,970
5,205
5,476
3,485
3,405
3,355
3,335
8,815
9,085
9,489
9,780
4,880
5,060
5,190
5,461
,395
,440
,461
,471
19,371
19,927
20,460
20,935
5,660
5 885
6,035
3,305 10,055
3 230 10 500
3,092 10,825
5,605
5 875
6,068
,505 423,638 21,257
570 24 110 21 676
610 24,610 22,120
Preliminary.
Represents all banks in the United States and possessions.
Includes loans held by nondeposit trust companies, but excludes
holdings of trust departments of commercial banks. March and September figures are Federal Reserve estimates based on data from Member
Bank
Call Report and from weekly reporting member banks.
3
Figures for 1941 and 1945, except for the grand total, are estimates
based on Federal Reserve preliminary tabulation of a revised series of
banking statistics. March and September figures are Federal Reserve
Other
nonfarm
21,565
22,165
22,746
23,263
Conventional
Other
nonfarm
Farm
28
24
4,303
4,477
4,792
5,149
5 645
6,155
6,551
7,073
900
797
1,274
1,444
1,556
1,740
1,831
1,984
2,102
2,275
7,660
7,790
6,452
6,551
2,068
2,102
57
57
4,810
5,047
5,280
5,501
7,937
8,160
8,276
8,361
6,624
6,720
6,904
7,073
2,137
2,181
2,231
2,275
57
57
55
53
5,684
5 915
6,152
8,435
8 510
8,585
7,138
7 251
7,383
2,328
2,380
2,436
53
54
47
53
53
56
58
59
57
53
54
estimates based in part on data from National Association of Mutual
Savings
Banks.
4
On Jan. 1, 1959, holdings of commercial banks increased by $143
million, and those of mutual savings banks declined by that amount,
as a result of the absorption of a mutual savings bank by a commercial
bank.
Source.—All-bank series prepared by Federal Deposit Insurance
Corporation from data supplied by Federal and State bank supervisory
agencies, Comptroller of the Currency, and Federal Reserve.
1394
REAL ESTATE CREDIT
MORTGAGE ACTIVITY OF LIFE INSURANCE COMPANIES
[In millions of dollars]
Loans outstanding (end of period)
Loans acquired
Nonfarm
Nonfarm
Year or month
Farm
Total
FHAinsured
Total
VAguaranteed
815
1,394
411
372
420
413
515
514
407
438
19,314
21,251
23,322
25,976
29,445
32 989
35,236
37,062
17,787
19,546
21,436
23,928
27,172
30 508
32,652
34,395
5,257
5,681
6,012
6,116
6.395
6 627
6,751
7,443
289
335
268
425
30
31
32
50
36,472
36,648
36,794
37,097
33,786
33,955
34,093
34,388
316
214
270
252
263
295
366
311
333
42
56
63
47
47
41
34
32
29
37,211
37,350
37,486
37 602
37,737
37.894
38;iO8
38,282
38.493
34,510
34.635
34,753
34 851
34,958
35,094
35,335
35.496
35.698
5 134
3,978
4,345
5,344
6,623
6 715
5 230
5,277
4 723
3,606
3,925
4,931
6.108
6 201
4 823
4,839
1 058
864
817
672
971
842
653
1,301
1 294
429
455
1.378
1.839
1 652
831
195
2,371
2,313
2,653
2,881
3,298
3 707
3.339
3,343
7
9
8
12
9
10
13
18
17
11
9
21
421
485
397
592
125
141
12i
155
1959
Jan
Feb
lVtar
Apr
May
June
Julv
Aue
Sept
508
420
473
432
433
469
535
470
517
466
364
410
385
386
428
501
438
488
139
141
130
no
105
116
124
118
134
FHAinsured
5,529
5,860
1951
1952
1953
1954
1955
1956
1957
1958
451
516
429
642
Total
6 442
6,636
976
Sept
Oct
ISov
Dec
Farm
Other
1941
1945
1958
Total
VAguaranteed
Other
4 714
4,466
913
776
3,131
3,347
3,560
4,643
6,074
7 304
7 721
7,433
9,399
10,518
11,864
13,169
14,703
16 577
18,180
19,519
1,527
1,705
1,886
2,048
2,273
2,481
2,584
2,667
7,212
7,282
7,347
7,449
7,561
7,527
7,492
7,455
19,013
19,146
19,254
19,484
2,686
2,693
2,701
2,709
7,528
7,623
7,693
7 758
7,813
7,877
7,945
8,005
8,082
7,429
7,392
7,347
7 314
7,286
7,258
7,220
7,181
7,153
19,553
19,620
19,713
19 779
19,859
19.959
20.170
20,310
20,463
2,701
2,715
2.733
2,751
2,779
2,800
2,773
2.786
2,795
NOTE.—Certain mortgage loans secured by land on which oil drilling
or extracting operations are in process are classified with farm through
June 1959 and with "other" nonfarm thereafter. These loans totaled
$38 million on July 31, 1959.
For loans acquired, the monthly figures may not add to annual totals,
and for loans outstanding, the end-of-December figures may differ from
end-of-year figures, because monthly figures represent book value of
ledger assets whereas year-end figures represent annual statement asset
values, and because data for year-end adjustments are more complete.
Source.—Institute of Life Insurance; end-of-year figures are from
Life Insurance Fact Book, and end-of-month figures from the Tally of
Life Insurance Statistics and Life Insurance News Data.
MORTGAGE ACTIVITY OF SAVINGS AND LOAN ASSOCIATIONS
NONFARM
MORTGAGE
[In millions of dollars]
Loans made
RECORDINGS
New
struction
1941
1945
1952
1953
1954
1955
1956....
1957....
1958....
1,379
1,913
Home
purchase
Total 2
437
181
581
1,358
4 .578
5 ,376
6,617
7,767
8,969
11,432
10,545
10,402
12,346
2.105
2,475
3,076
4,041
3,771
3,562
4.096
2,955
3,488
3,846
5,241
A,121
4,708
5,251
18 ,396
21 ,962
26 ,108
31 ,408
35 ,729
40 .007
45 ,599
,180
,215
.290
,053
.136
373
401
428
345
376
538
537
570
469
013
012
257
359
434
555
529
421
317
326
439
480
522
554
520
472
442
429
515
562
601
674
695
662
LESS
By type of lender
(without seasonal adjustment)
Loans outstanding (end of period)
Total
Year or
month
OF $20,000 OR
[In millions of dollars]
FHAinsured
VAguaranteed
Conventional 2
904
1,048
1.170
1.404
1,486
1,643
2,210
3,394
3.979
4,709
5.883
6.643
7.011
7,093
14. 098
16 935
20 229
24 121
2 7 , 600
31 353
36 296
43 ,423
43 ,997
44 ,602
45 ,067
45 ,599
1.940
2,007
2.084
2.155
2,210
7,034
7.031
7,053
7.062
7,093
34
34
35
35
36
46 ,009
46,436
47 ,029
47 ,733
48 .483
49 ,323
50 .102
50 . 830
2,277
2,331
2.392
2.466
2'.532 !
2,610
2.691
2.767
7,109
7.127
7.117
7.126
7.136
7.135
7,142
7.155
36 623
36 978
37 520
38 141
38 815
39 578
40 ,269
40 ,908
Year or
month
Season- Without
seasonal
ally
adadjustjusted l
ment 2
Savings &
loan
assns.
Insurance
companies
Commercial
banks
Mutual
savings
banks
1941
1945
4,732
5,650
1,490
2,017
404
250
1,165
1,097
218
217
1952
1953
1954
1955
1956
1957
1958
18,018
19,747
22,974
28,484
27.088
24,244
27,388
6,452
7,365
8,312
10,452
9.532
9,217
10,516
,420
1,480
1,768
,932
1,799
1,472
1,460
3,600
3,680
4,239
5,617
5,458
4,264
5,204
1,137
1,327
1,501
1,858
1.824
1.429
1,640
2,413
2,488
2,576
2.652
2,629
2,535
2,596
2,857
2,432
2,629
995
1,022
1,086
932
983
130
136
150
128
143
476
493
558
474
508
169
170
175
154
165
2.677
2,631
2,683
2,683
2,757
2,780
2,787
2,352
2,245
2,586
2.776
2,768
2,974
3,100
2,871
870
865
1,059
1,148
1,151
1,261
1,286
1,203
121
106
116
115
112
120
138
137
454
426
492
553
534
543
561
505
123
113
112
124
140
168
187
167
1958
1958
A rig
Sept
Oct
Nov
Dec
449
959
465
850
296
Aue;
Sept
Oct
"Nov
Dec
1959
1959
Jan
Feb
Mar
Apr
May....
June....
July
Aug
1
Includes loans for other purposes (for repair, additions and alterations,
refinancing, etc.) not shown separately.
2
Beginning 1958 includes shares pledged against mortgage loans.
Source.—Federal Home Loan Bank Board.
Jan
Feb
Mar
Apr
May
June
July
Aug
1
Three-month moving average, seasonally adjusted by Federal Reserve.
2
Includes amounts for other lenders, not shown separately.
Source.—Federal Home Loan Bank Board.
1395
REAL ESTATE CREDIT
GOVERNMENT-UNDERWRITTEN RESIDENTIAL LOANS MADE
MORTGAGE DEBT OUTSTANDING ON
NONFARM 1- TO 4-FAMILY PROPERTIES
[In millions of dollars]
[In billions of dollars]
VA-guaranteed loans
FHA-insured loans
Home
mortgages
Year or month
Total
New
properties
Existing
properties
PropProjerty
ectimtype
Total 3
provemortment
gages ! loans 2
Home
mortgages
New
properties
Governmentunderwritten
End of
year or
quarter
Existing
properties
Total
1945
665
257
217
20
171
192
1951
1952
1953
1954
1955
1956
1957
1958
3,220
3,113
3,882
3,066
3,807
3,461
3,715
6,349
1,216
969
1,259
1,035
1,269
1,133
880
1,666
713
974
1,030
907
1,816
1,505
1,371
2,885
582
322
259
232
76
130
595
929
708
848
1,334
891
646
692
869
3,614
2,719
3,064
4,257
7,156
5,868
3,761
1,865
2,667
1,823
2,044
2,686
4,582
3,910
2,890
1,311
942
890
1,014
1,566
2,564
1,948
863
549
1958—Sept
Oct
Nov
Dec
756
641
559
624
160
174
165
190
320
327
292
320
146
58
31
24
130
83
71
189
239
216
257
107
140
135
174
82
99
81
1959_jan
Feb
Mar
Apr
May
June
July
Aug
Sept
700
598
643
639
652
680
694
660
656
217
196
211
196
186
208
214
215
226
369
311
319
294
291
312
310
288
284
37
37
33
80
86
68
71
67
52
276
238
260
231
211
221
227
202
221
194
174
201
179
161
165
168
150
157
81
64
59
52
50
56
59
52
63
1 Monthly figures do not reflect mortgage amendments included in annual totals.
These loans are not ordinarily secured by mortgages.
Includes a small amount of alteration and repair loans, not shown separately; only such
loans in amounts of more than $1,000 need be secured.
NOTE.—FHA-insured loans represent gross amount of insurance written; VA-guaranteed
loans, gross amount of loans closed. Figures do not take account of principal repayments
on previously insured or guaranteed loans. For VA-guaranteed loans, amounts by type
are derived from data on number and average amount of loans closed.
Sources.—Federal Housing Administration and Veterans Administration.
2
3
1945
18.6
4.3
1951
1952
1953
1954
1955
1956
1957
1958P
51.7
58.5
66 1
75.7
88 2
99.0
107 6
117.9
22.9
25.4
28 1
32.1
38 9
43.9
47 2
50.1
Dec
105.7
107.6
1958—Mar.?....
June*7 3 ....
Sept.*
Dec.P
FHA- VAinguarsured anteed
4.1
.2
14.3
9.7
10.8
12 0
12.8
14 3
15.5
16 5
19.7
13.2
14.6
16 1
19.3
24 6
28.4
30 7
30.4
28.8
33.1
38.0
43.6
49 3
55.1
60.4
67.8
46.5
47.2
16.1
16.5
30.4
30.7
59.2
60.4
109.3
111.7
114.7
117.9
47.7
48.3
49.1
50.1
17.1
17.7
18.6
19.7
30.6
30.6
30.5
30.4
61.6
63.4
65.6
67.8
1959—Mar. *>.. .. 120.7
JuneP9
124.7
Sept.?
128.5
51.3
52.1
53.1
20.9
21.8
22.9
30.4
30.3
30.2
69.4
72.6
75.4
1957—Sept
p
Preliminary.
NOTE.—For total debt outstanding, figures for first
three quarters of year are Federal Reserve estimates.
For conventional, figures are derived.
Sources.—Federal Home Loan Bank Board, Federal
Housing Administration, Veterans Administration, and
Federal Reserve.
FEDERAL NATIONAL MORTGAGE ASSOCIATION ACTIVITY i
FEDERAL HOME LOAN BANK LENDING
[In millions of dollars]
[In millions of dollars]
Mortgage holdings
End of year
or month
Total
1951
1952
1953
1954
1955
1956
1957
1958
1958
Sept
Oct
Nov
Dec
1959
Jan
Feb
Mar
Apr
May
June
July
Aug
Sept
FHAinsured
VAguaranteed
204
320
621
802
901
978
Mortgage
transactions
(during
period)
Purchases
1,850
2,242
2,462
2,434
2,615
3,047
3,974
3,901
1,237
1.483
1,646
1,922
1,841
1,632
1,714
2,069
2,737
2,418
3,693
3,729
3,791
3,901
1,320
1,353
1,405
1,483
2,373
2,376
2,386
2,418
37
59
82
134
4,032
4,188
4,340
4,508
4,641
4,793
4,948
5,085
5,216
1,564
1,664
.740
1^831
1,900
2,000
2,104
2,198
2,288
2,468
2,523
2,600
2,677
2,740
2,794
2,844
2,887
2,928
150
176
175
193
154
177
178
165
677
538
542
614
411
609
1 119
623
155
Sales
111
56
221
525
62
5
2
482
8
1
1
1
1
1
1
1
Commitments
undis
bursed
239
323
638
476
76
360
764
1,541
1,674
1,669
1,640
1,541
1,432
1 291
1,182
1,063
982
875
788
714
672
1 Operations beginning with Nov. 1, 1954, are on the basis of FNMA's
new charter, under which it maintains three separate programs: secondary
market, special assistance, and management and liquidation.
Source.—Federal National Mortgage Association.
Conventional
Total
Year or month
Advances
Repayments
Advances outstanding
(end of period)
Short-
Longterm2
1945
278
213
195
176
19
1950
1951
1952
1953
1954
1955
1956
1957
1958
675
423
586
728
734
1,251
745
1,116
1,364
292
433
528
640
818
702
934
1,079
1,331
816
806
864
952
867
1,417
1,228
1,265
1,298
547
508
565
634
612
991
798
731
685
269
298
299
317
255
426
430
534
613
1958—Sept
Oct
Nov
Dec
119
126
86
229
48
52
47
53
1,010
1,083
1,123
1,298
490
545
576
685
520
538
547
613
1959_jan
Feb
Mar
Apr
May
June
July
Aug
Sept
50
83
157
116
351
235
171
200
251
94
96
62
53
60
214
63
70
1,146
1,101
1,087
1,183
1,246
1,537
1,557
1,665
1,795
599
559
531
570
596
750
807
892
1,042
547
542
556
612
650
786
750
773
753
1
2
Secured or unsecured loans maturing in one year or less.
Secured loans, amortized quarterly, having maturities of more than
one year but not more than ten years.
Source.—Federal Home Loan Bank Board.
1396
CONSUMER CREDIT
CONSUMER CREDIT, BY MAJOR PARTS *
[Estimated amounts of short- a n d intermediate-term credit outstanding, in millions of dollars]
Instalment credit
End of year or m o n t h
Total
Total
Other
consumer
goods
paper2
Automobile
paper2
Noninstalment credit
Repair
and m o d ernization
loans 3
Personal
loans
Total
Singlepayment
loans
Charge
accounts
Service
credit
7,222
9,172
5,665
4,503
6,085
2,462
1,497
2,458
455
1,620
1,929
816
298
376
182
.322
,009
2,719
3.087
3.203
787
845
746
1,414
1,645
1,612
518
597
845
1952'
1953'
1954 r
1955'
1956 r
1957 *•
1958 r
27,520
31,393
32,464
38,882
42,511
45,286
45,586
19,403
23,005
23,568
28,958
31.897
34;183
34,080
7,733
9,835
9,809
13,472
14,459
15,409
14,237
6,174
6,779
6,751
7,634
8,580
8.782
8; 923
1,385
1,610
1,616
1,689
1,895
2,089
2,350
4,111
4,781
5,392
6,163
6,963
7.903
8:570
8.117
8.388
8.896
9,924
10,614
11,103
11,506
2,120
2,187
2,408
3,002
3,253
3,364
3,646
4,130
4,274
4,485
4,795
4,995
5,146
5,060
1,867
1,927
2,003
2,127
2,366
2,593
2,800
1958—Sept.1"
Oct.'
Nov.r
Dec.r
43,656
43,696
43,970
45,586
33,246
33,232
33,322
34,080
14.415
14,254
14.164
14,237
8,258
8,345
8,452
8,923
2,259
2.298
2,334
2,350
8,314
8,335
8.372
8,570
10.410
10,464
10,648
11,506
3,534
3,512
3,582
3,646
4.190
4; 299
4,370
5,060
2,686
2,653
2,696
2,800
1959—Jan.*'
Feb.r
45,094
44,748
44,925
45,708
46,603
47,522
48,047
48,841
49,350
34,029
34,025
34,234
34,762
35,357
36,135
36,757
37.510
37:962
14,271
14,339
14,494
14.810
15,128
15.566
15,923
16.288
! 6.. 470
8.833
8! 727
8.691
8.755
8,887
9,040
9,134
9.289
9,390
2,330
2,324
2,338
2,364
2,419
2,467
2.517
2.569
2.613
8,595
8,635
8.711
8,833
8,923
9.062
9.183
9.364
9.489
11.065
10.723
10.691
10.946
11,246
11,387
11,290
11.331
11.388
3,599
3,697
3,755
3,812
3,925
3,991
3,954
4.034
4,084
4,619
4,098
4,004
4,160
4,359
4,446
4,407
4,365
4,390
2,847
2,928
2,932
2,974
2,962
2.950
2,929
2,932
2,914
1939
1941
1945
Mar/
Apr.'r
May
June r
July r
Aug. i . . . .
Sept.r
r
Figures beginning with 1947 have been revised. See also "Note"
to 1this table.
Includes data for Alaska and Hawaii beginning with January and
August
1959, respectively.
2
Represents all consumer instalment credit extended for the purpose
of purchasing automobiles and other consumer goods, whether held by
retail outlets or financial institutions. Includes credit on purchases by
individuals of automobiles or other consumer goods that may be used
in 3part for business.
Represents repair and modernization loans held by financial institutions; holdings of retail outlets are included in other consumer goods
paper.
NOTE.—Monthly figures for the period December 1939 through 1946,
and a general description of the series, are shown on pp. 336-54 of the
BULLETIN for April 1953. Revised monthly data for some components
of noninstalment credit beginning with 1947 and of instalment credit
beginning with June 1956 (and a note describing the change) together
with revised figures to 1958 benchmarks are shown on pp. 1416-19 of
this BULLETIN. Other monthly figures are shown in the BULLETINS for
April 1953, pp. 347-353; October 1956, pn. 1035-42; December 1957,
pp. 1420-22; and November 1958, prj. 1344-45. A detailed description
of the methods used to derive the estimates may be obtained from Division of Research and Statistics.
INSTALMENT CREDIT, BY HOLDER
[Estimated amounts outstanding, in millions of dollars]
Retail outlets
Financial institutions
Total
instalment
credit
Total
4,503
6,085
2,462
1952
1953
1954
1955
1956r
1957r
1958r
1958—Sept.'"
Oct.' r
Nov.r
Dec.
1959—Jan.4'
Feb. r
Mar.'
Apr.rr
May
June r
July'4 r
Aug. r
Sept.
End of year
or month
1939
1941
1945
Commercial
banks
Sales
finance
companies
Credit
unions
3,065
4,480
1,776
1,079
1,726
745
1,197
1,797
300
132
198
102
19,403
23,005
23,568
28,958
31,897
34,183
34,080
15,581
18,963
19,450
24,450
27,154
29,515
29,097
7,524
8,998
8,796
10,601
11,777
12,843
12,780
4,711
5,927
6,144
8,443
9,100
9,573
8,740
837
1,124
1,342
1.678
2,014
2,429
2,668
33,246
33,232
33,322
34,080
28,855
28,779
28,780
29,097
12,633
12,645
12,660
12,780
8.891
8,777
8,708
8,740
34,029
34,025
34,234
34,762
35,357
36,135
36,757
37,510
37,962
29,178
29,238
29,499
30,010
30,540
31,245
31,861
32,540
32,954
12,908
12,938
13,086
13,374
13,645
13,963
14,230
14,497
14,664
8,733
8.724
8; 780
8,921
9,089
9.350
9; 592
9.806
9:949
Consumer
finance
companies 1
Department
stores 2
Furniture
stores
Household
appliance
stores
Automobile
dealers 3
439
496
240
183
206
17
123
188
28
339
395
270
943
389
527
463
487
502
478
506
1,082
,044
,187
,210
,128
301
377
377
365
377
361
292
Other
1,438
1,605
686
354
320
131
1,866
2,137
2,257
2,656
3,056
3,333
3,384
643
777
911
,072
,207
,337
,525
3,822
4.042
4^ 118
4,508
4,743
4,668
4,983
1,107
1.064
1 242
1,511
1.408
h393
1,882
2,591
2,615
2,630
2,668
3,280
3.273
3.280
3,384
.460
.469
.502
,525
4,391
4.453
4.542
4,983
1,543
1,586
1,644
1,882
,047
,056
,070
1,128
295
291
290
292
496
495
498
506
,010
,025
,040
,175
2,647
2,671
2,710
2,766
2,815
2,895
2,946
3,044
3,093
3,380
3,377
3,378
3,387
3.394
3.424
3.463
3.515
3,542
,510
,528
,545
,562
,597
,613
,630
.678
,706
4,851
4,787
4,735
4,752
4,817
4,890
4,896
4,970
5,008
1,805
1.807
1,781
1,781
1,807
1,839
1,826
1,868
1,907
1,095
1,079
,045
1,043
1,044
1,052
1,055
1,072
1,078
288
283
282
282
283
283
284
288
288
508
509
513
524
535
551
565
578
586
,155
,109
,114
,122
,148
,165
,166
,164
,149
1
Consumer finance companies included with "other" financial institutions until September 1950.
Total
657
759
629
r
Revised beginning with June 1956. Monthly figures, together with
a note describing the revision, are shown on pp. 1416-19 of this BUL-
LETIN.
Other 1
2
3
1,004
984
1,070
1,052
1,101
,269
,226
,175
Includes mail-order houses.
Represents automobile paper only; other instalment credit held by
automobile dealers is included with "other" retail outlets.
4 See note 1 to table above.
1397
CONSUMER CREDIT
INSTALMENT CREDIT HELD BY SALES FINANCE
COMPANIES, BY TYPE OF CREDIT
INSTALMENT CREDIT HELD BY COMMERCIAL BANKS,
BY TYPE OF CREDIT
[Estimated amounts outstanding, in millions of dollars]
[Estimated amounts outstanding, in millions of dollars]
Total
instalment
credit
End of year
or month
Automobile
paper
Purchased
Direct
Other Repair
and
conmodsumer ernizagoods
tion
paper loans
1939
1941
1945
1952
1953
1954
1955
1956'
1957'
1958'
1,079
1,726
745
7,524
8,998
8,796
10,601
11,777
12 843
12,780
447
66
1,633
2,215
2,269
3 243
3,651
4 130
4,014
338
143
1,629
1,867
1,668
2,062
2,075
2,225
2.170
309
114
1,751
2,078
1,880
2,042
2,464
2 557
2,269
135
161
110
1,137
1.317
,303
,338
1,469
,580
1,715
1,374
1,521
1,676
1,916
2,118
2,351
2,612
1958 Sept '
Oct.'
NOV. '
Dec'
1959—Jan. ir '
Feb.
Mar '
12,633
12,645
12,660
12,780
4,008
3,990
3,988
4,014
2,182
2,161
2,151
2,170
2,221
2,232
2,240
2,269
1,659
1,688
1,708
1,715
2,563
2,574
2,573
2,612
12,908
12,938
13 086
13,374
13,645
13,963
14,230
14,497
. . . 14,664
4,043
4,075
4 133
4,241
4,340
4,475
4,580
4,682
4,746
2,195
2,218
2,262
2,324
2,376
2,425
2,465
2,495
2,500
2,319
2,290
2,288
2,310
2,347
2,383
2,424
2,472
2,494
1,706
1,695
1,700
1,720
1,754
1,788
1,825
1,855
1,882
2,645
2,660
2,703
2.779
2,828
2,892
2,936
2,993
3,042
Apr.'
Mayr
Juner
July'
Aug. * '
Sept '
237
178
166
Total
instalment
credit
Automobile
paper
Other
consumer
goods
paper
Repair
and
modernization
loans
Personal
loans
1939
1941
1945
1952
1953
1954
1955
1956
1957
1958
1,197
1,797
300
4,711
5,927
6,144
8,443
9,100
9,573
8,740
878
1,363
164
3,630
4,688
4,870
6,919
7,283
7,470
6,404
115
167
24
680
816
841
1,034
1,227
1,413
1,567
148
201
58
60
46
31
25
23
20
19
56
66
54
341
377
402
465
567
670
750
1958_Sept
Oct
Nov
Dec
8,891
8,777
8,708
8,740
6,601
6,477
6,395
6,404
,551
,560
,571
,567
20
19
19
19
719
721
723
750
1959—Jan
Feb
Mar
Apr
May
June
July l
Aug. '
Sept.'
8,733
8,724
8,780
8,921
9,089
9,350
9,592
9,806
9,949
6,391
6,394
6,429
6,543
6,679
6,884
7,063
7,240
7,328
,566
,548
,561
,582
,605
,647
,695
,723
,761
19
19
21
20
22
23
25
26
30
757
763
769
776
783
796
809
817
830
End of year
or month
Personal
loans
363
471
312
'1 Revised. See "Note" to table at top of opposite page.
See note 1 to table at top of opposite page.
' Revised. See "Note" to table at top of opposite page.
See note I to table at top of opposite page.
1
INSTALMENT CREDIT HELD BY FINANCIAL INSTITUTIONS
OTHER THAN COMMERCIAL BANKS AND SALES
FINANCE COMPANIES, BY TYPE OF CREDIT
NONINSTALMENT CREDIT
[Estimated amounts outstanding, in millions of dollars]
[Estimated amounts outstanding, in millions of dollars]
Other
consumer
goods
paper
Repair
and
modernization
loans
Personal
loans
Total
instalment
credit
Automobile
paper
1939
1941
1945
1952
1953
1954
1955
1956
1957'r
1958
789
957
731
3,346
4,038
4,510
5,406
6,277
7.099
7',577
81
122
54
452
538
539
761
948
.106
1,143
24
36
20
310
370
375
537
648
622
610
15
14
14
188
247
282
326
403
489
616
669
785
643
2,396
2,883
3,314
3,782
4,278
4,882
5,208
1958—Sent.''
Oct.'
Nov.'
Dec.'
7,331
7,357
7,412
7,577
1,128
,131
1,132
1,143
591
595
597
610
580
591
607
616
5,032
5,040
5,076
5,208
1959_j a n .i r
Feb.'
Mar.'
Apr.'
May'
June '
July'
Aug. i '
Sept.'
7,537
7,576
7,633
7,715
7,806
7,932
8.039
8; 237
8,341
1,134
1,143
,157
1,178
,198
,231
,250
,293
,310
605
611
620
635
653
671
684
702
713
605
610
617
624
643
656
667
688
701
5,193
5,212
5,239
5,278
5,312
5,374
5,438
5,554
5,617
End of year
or month
' Revised. See "Note" to table at top of opposite page.
1
See note 1 to table at top of opposite page.
NOTE.—Institutions represented are consumer finance companies, credit
unions, industrial loan companies, mutual savings banks, savings and
loan associations, and other lending institutions holding consumer
instalment loans.
Total
End of year
or month
1939
1941
1945
1952'
1953'
1954'r
1955
1956'
1957r
1958'
.non"
ment
credit
2,719
3,087
3,203
8,117
8,388
8,896
9,924
10,614
11,103
11,506
Singlepayment
loans
Commercial
banks
625
693
674
Charge accounts
Service
Other
credit
DefinanOther Credit
partcial
2
retail
ment l outlets cards
institutions stores
1,844
1,899
2,096
2,635
2,843
2,937
3,156
162
152
72
276
288
312
367
410
427
490
236
275
290
728
772
793
862
893
876
907
1,178
1370
1,322
3,283
3,352
3 515
3',717
3*842
3,953
3^808
119
150
177
216
260
317
345
1,867
1,927
2^003
2^ 127
2] 366
2*593
2] 800
10,410
10,464
10,648
11,506
3,034
3,054
3,087
3,156
500
458
495
490
600
623
669
907
3,228
3,329
3,364
3,808
362
347
337
345
2,686
2,653
2,696
2,800
1959__Jan. ?'.. . 11,065
10,723
Feb.
M a r . ' . . . 10,691
Apr. ' . . . 10,946
M a y ' . . . 11,246
J u n e ' . . . 11,387
J u l y ' . r. . . 11,290
Aug3 ... 11,331
Sept. \ . . 11,388
3,135
3,182
3,208
3,291
3,337
3,417
3,407
3,431
3,455
464
515
547
521
588
574
547
603
629
757
637
608
601
609
599
558
562
606
3,504
3,112
3,047
3,208
3,405
3,494
3,467
3,408
3,383
358
349
349
351
345
353
382
395
401
2,847
2,928
2,932
2,974
2,962
2,950
2,929
2,932
2,914
. .
1958—Sept.'...
Oct.'....
Nov.'.. .
Dec.
518
597
845
' Revised. See "Note" to table at top of opposite page.
Includes mail-order houses.
Service station and miscellaneous credit-card accounts and homeheating-oil
accounts.
3
See note 1 to table at top of opposite page.
1
2
1398
CONSUMER CREDIT
INSTALMENT CREDIT EXTENDED AND REPAID, BY TYPE OF CREDIT 1
[Estimates of short- and intermediate-term credit, in millions of dollars. The terms "adjusted" and "unadjusted" refer to adjustment
of monthly figures for seasonal variation and differences in trading days]
Total
Other consumer
goods paper
Automobile paper
Repair and
modernization loans
Personal loans
Year or month
Adjusted
Unadjusted
Adjusted
Unadjusted
Ac justed
Unadjusted
Adjusted
Unadjusted
Adjusted
Unadjusted
Extensions
29,514
31,558
31,051
39,039
40,175
42,545
40,818
1952
1953
1954
1955
1956r
1957*-r
1958
1958
Sent r
Oct r
TJeC r
1959
Tan - *"
peb r
Mar '"
Anr f
Mayr
....
J u lv r
Sept. r
11 764
12,981
11 807
16,745
15,563
16,545
14,316
3,355
3,481
3,615
3,757
3,313
3,520
3,374
4,393
1,094
1,203
3,862
3,849
3,802
3,981
4,105
4,024
4,152
4,128
4,164
3,369
3 290
3,830
4,073
4,092
4,454
4,315
4,193
4,061
1,445
1 465
1.431
1 974.
411
1,524
1,530
1,505
1,554
1.535
1,517
1 IIS
,189
1,103
1,378
,254
266
,491
1,598
,580
780
1,720
1 627
1,515
9 186
9,227
9,117
10,634
11,702
11 747
11 638
QS7
1,006
1,037
1,000
1,101
I 064
.074
1,144
1,158
1,129
1,152
1,137
1,137
1 217
1 344
1 261
1,388
1,568
1 660
1 890
7 347
8,006
8,866
10,272
11,342
12,593
12,974
970
1,075
1,050
1,433
168
169
170
162
186
187
169
159
1,106
1,103
1,134
1,164
1,039
1,069
1,052
1,423
925
860
156
157
120
126
995
168
157
1,090
1,128
1,173
1,109
1 123
1,123
175
190
177
183
185
173
198
195
197
199
174
191
1,160
1 163
1,129
1,138
1,227
1,213
1,263
1 271
1,336
1,070
1 038
1,187
1,212
1,186
1,306
1,289
1 244
1,232
Repayments
?5,405
27 956
30,488
33,649
37,236
40,259
40,921
1952
1953
1954
1955
1956r
1957r
1958 r
1Q58
Sent
Oct
r
r
]\J O V r
Dec r
1959
Jan 2r r
Feb
]y[ a r r
r
A r>r
J u ly r
Aug 2r
Sept.
r
7,892
8 622
9,145
9,751
10,756
11\545
11,497
10,003
10 879
11 833
13,082
14,576
15,595
15,488
3,394
3,4^0
3,468
3 442
3,402
3.534
3,284
3 635
1,254
1,288
1,248
1,270
1,295
1,350
1,193
1,305
3 460
3,510
^ 458
3 541
3,629
3 544
3 637
3,635
3,662
3,447
3,294
3 621
3 545
3,497
3,676
3 693
3,578
3,609
1.259
1,231
1,198
1,336
1 282
1,262
1,342
1 363
1,318
1,333
1,289
t 277
I 296
L .318
1,290
1 334
1.325
1,316
6,593
7 ^36
8 255
9,501
10,542
11 653
12,307
917
1 119
1 255
1,315
1,362
1,466
1,629
951
974
1,008
962
938
988
943
962
145
143
135
141
148
148
133
143
1,044
1,045
1,077
1,069
1,021
1,048
1,015
1,225
980
992
986
1,023
1,020
1,015
141
132
143
147
143
147
147
151
147
1,081
1.090
1,057
1,082
1,147
1,115
1,145
1,146
1,153
1,052
994
140
139
138
149
149
145
146
152
147
1,014
1,015
1,012
1,012
1,046
966
1,031
1,026
996
993
1,022
998
1 111
1,090
1,096
1,167
1 168
1,116
1,107
Change in outs tanding credit 3
1953
1954
1QSS
• • •
1956 r
1957'
1958'
1958
-26
+ 300
+ 225
+ 3,663
+987
+950
+754
+ 670
+ 611
+771
+ 800
+940
+6
-28
+ 883
+946
+ 202
+73
+ 206
+ 194
—103
Jan r2 r
Feb
]V[ ar r
Anr
r
Junerr
July
Sept
r
....
+73
+ 32
+ 87
+ 107
+471
+ 23
+26
+ 35
+ 21
+ 38
+ 39
+ 36
+ 16
+62
+ 58
+ 57
+95
+ 18
+21
+ 37
+ 198
+23
+68
+ 155
+ 316
+ 318
+438
+ 357
+ 309
+ 182
+ 121
+72
+ 88
+ 130
+ 143
+ 135
+ 140
+ 125
+91
-98
-106
+ 16
4-18
+ 30
+ 26
+41
+ 32
+ 37
+ 33
+27
-21
-6
+ 14
+26
+55
+48
+ 50
+48
+44
+79
+73
+72
-^56
+ 80
+98
+ 118
+ 125
+ 183
+ 18
+40
+76
+ 122
+90
+ 139
+ 121
+ 128
+ 125
-160
-85
-177
-161
-90
+ 315
+26
+ 161
+402
+ 339
+ 344
+440
+476
+480
+ 515
+493
+ 502
-78
-4
+ 209
+ 528
+ 595
+778
+622
+ 615
+452
+ 186
+ 176
+ 154
+228
+212
+215
+220
+ 210
+ 201
+ 31
•4-147
r
+ 36
+ 32
+29
+ 38
-89
-14
+90
+758
-39
Sent r r
Oct
jjee
1959
+ 1,294
+605
+ 1,761
+2,102
+4,109
+ 3,602
+ 563
+ 5 390
4-2,939
+2,286
tqn
r
Revised. See "Note" to table at top of p. 1396.
1 Includes data for Alaska and Hawaii beginning with January and
August 1959, respectively,
2 As a result of the changes indicated in note 1, the differences between
extensions and repayments for these two months do not equal the changes
in 3outstanding credit derived from the figures on p. 1396.
Obtained by subtracting instalment credit repaid from instalment
credit extended.
NOTE.—Monthly figures for 1940-54 are shown on pp. 1043-54 of
the BULLETIN for October 1956; for 1955-58, in the BULLETIN for Decem-
-36
+ 64
+ 132
+ 153
+94
+ 130
+ 101
ber 1957, pp. 1420-22, and in this BULLETIN, p. 1418.
A discussion of the composition and characteristics of the data and
a description of the methods used to derive the estimates are shown
in the BULLETIN for January 1954, pp. 9-17. Estimates of instalment
credit extended and repaid are based on information from accounting
records of retail outlets and financial institutions and often include charges
incurred under the instalment contract. Renewals and refinancing of
loans, repurchases and resales of instalment paper, and certain other
transactions may increase the amount of both credit extended and credit
repaid without adding to the amount of credit outstanding.
1399
CONSUMER CREDIT
INSTALMENT CREDIT EXTENDED AND REPAID, BY HOLDER*
[Estimates of short- and intermediate-term credit, in millions of dollars. The terms "adjusted" and "unadjusted" refer to adjustment
of monthly figures for seasonal variation and differences in trading days]
Sale's finance
companies
Commercial banks
T o tal
Other financial
institutions
Retail outlets
Year or month
Adjusted
Unadjusted
Unadjusted
Adjusted
Adjusted
Unadjusted
Adjusted
Unadjusted
Adjusted
Unadjusted
Extensions
i
29,514
31,558
31,051
39,039
40.175
42,545
40,818
1952
1953
1954
1955
1956rr
1957
195g r
1958
1959
11,123
12.099
115267
14,109
14,463
15,355
14,860
6 98?
7,560
7 260
10 200
9,600
10 200
8 907
5 659
6 375
6 983
8 449
9,474
10 495
10 488
^ 750
5,524
5 541
6 281
6,638
6 495
6 563
Sept 2 r
Oct. r
Nov r
Dec.''
3,355
3,481
3,615
3,757
3,313
3,520
3,374
4,393
1.224
,266
,315
1,333
1.221
,267
,166
,360
630
732
758
827
656
897
849
604
738
687
855
899
916
949
881
870
1,163
584
626
648
634
651
1,015
Tan 3 r
Feb 2 r
Mar rr
Apr
May rr
June
July r r
Aug 3
Sept. r
3,862
3,849
3,802
3,981
4,105
4,024
4,152
4,128
4,164
3,369
3.290
3,830
4,073
4,092
4,454
4,315
4,193
4,061
1,432
,393
,375
1,445
1,495
1,427
1,534
1,520
1,510
,323
,225
,430
,559
1,518
.,623
1.612
,530
,473
883
865
753
723
908
934
808
834
639
657
883
911
485
508
883
950
633
933
940
1.074
1,061
567
928
1,011
955
981
1,069
1,041
1 021
667
659
626
653
.
.
941
940
915
944
915
936
999
1,017
1 031
1,068
988
950
996
683
657
662
650
587
688
601
654
642
Repayments
25,405
27,956
30,488
33.649
37,236
40,259
40,921
195?
1953
1954
1955 r
1956r
1957
1958 r
1958
1959
9,370
10,625
11,469
12,304
13,362
14 360
14,647
5.925
6 344
7,043
7 901
8 943
9 7?7
9,774
3,394
3,450
3,468
3,442
3,402
3,534
3,284
3,635
1.201
.,227
,224
1,192
1,221
1,255
1,151
1,240
806
800
825
852
785
783
756
823
Jan 3 r
Feb.2 r
Mar rr
Apr r
May
June r
July'" r
A us 3
Sept. r
3,460
3,510
3,458
3,541
3.629
3,544
3,637
3,635
3,662
3,447
3.294
3^621
3,545
3,497
3,676
3,693
3,578
3,609
1,218
1.256
1.238
1,257
1,287
1,250
1,311
1,310
1,312
1,209
1,171
1.282
,271
,247
1,305
,345
1,299
,306
789
760
876
855
577
732
827
623
863
852
795
893
598
587
596
619
615
595
592
1952
1953
1954
1955 r
1956
1957 rr
1958
1959
5 098
5 304
5,465
5 891
6*328
6 499
6,490
Sept 2 r
Oct r
Nov rr
Dec
793
781
808
819
+ 4,109
+ 3.602
+ 563
+ 5,390
+2,939
+ 2,286
-103
.
Sept r2 r
Oct.
Nov rr
Dec
. . . .
3
Tan r
Feb.2r r
Mar
Apr r r
May
Junerr
July r
Au2 r3
Sept
. .
-39
+ 31
+ 147
+ 315
+402
+ 339
+ 344
+440
+476
+480
+ 515
+493
+ 502
-89
-14
+90
+758
-78
—4
+ 209
+ 528
+ 595
+778
+ 622
+615
+452
+ 214
+ 113
+ 137
+ 188
+ 208
+ 177
+ 223
+ 210
+ 198
-201
+ 12
+ 15
+ 120
+ 1 14
+ 30
+ 148
+ 288
+ 271
+ 318
+ 267
+ 231
+ 167
r
Revised. See "Note" to table at top of p. 1396.
1 Includes data for Alaska and Hawaii beginning with January and
August
1959, respectively.
2
Data on extensions and repayments have been adjusted to avoid
duplications resulting from large transfers of other consumer goods paper.
As a result, the differences between extensions and repayments for some
types of holders do not equal the changes in outstanding credit.
3 As a result of changes indicated in note 1, the differences between
extensions and repayments for these two months do not equal the changes
in 4outstanding credit derived from the figures on pp. 1396-97.
Obtained^ by subtracting instalment credit repaid from instalment
credit extended, except as indicated in note 2.
858
871
824
855
815
998
541
571
601
596
792
772
876
924
904
923
920
873
890
600
599
813
819
795
943
934
892
601
596
612
804
807
931
892
615
+ 1,753
+ 1,474
-202
+1,805
+ 1,137
+ 1,066
-63
-178
+ 39
+91
+ 141
846
852
789
807
793
Change in outstanding credit
1958
5,012
5 683
6,511
7 553
8 603
9'673
10,010
=2
-192
-114
-69
+ 32
+44
+ 94
72
++102
+ 133
4-121
+ 126
+ 137
+ 122
+ 132
+ 56
+ 141
+ 168
+ 261
+ 242
+ 193
+ 143
-7
—Q
562
574
609
588
604
4
+ 1 .057
+ 1 .216
+ 217
+ 2.299
+ 657
+ 473
-833
-199
532
572
+ 647
+ 692
+ 472
+ 8%
+ 871
4-822
+ 478
+ 652
+ 220
+ 76
+ 390
+ 274
— 75
+ 315
+ 51
+47
+ 58
+ 78
+ 25
+ 26
+ 55
+ 165
+287
+ 13
+ 25
+ 52
+ 279
+62
+ 89
+ 441
+ 32
+ 71
+ 59
+ 52
+ 87
+95
+94
+ 111
+ 137
-47
+ 39
+ 57
+ 82
+91
+ 126
+ 107
+ 129
+ 104
+ 62
+ 83
+46
+67
+ 60
+ 82
+ 61
+ 50
+ 35
-138
-64
-52
+ 17
+ 65
+73
+6
+ 62
+ 38
NOTE.—Monthly figures for 1940-54 are shown on pp. 1043-54 of
the BULLETIN for October 1956; for 1955-58, in the BULLETIN for Decem-
ber 1957, pp. 1420-22, and in this BULLETIN, p. 1419.
A discussion of the composition and characteristics of the data and
a description of the methods used to derive the estimates are shown
in the BULLETIN for January 1954, pp. 9-17. Estimates of instalment
credit extended and repaid are based on information from accounting
records of retail outlets and financial institutions and often include charges
incurred under the instalment contract. Renewals and refinancing of
loans, repurchases and resales of instalment paper, and certain other transactions may increase the amount of both credit extended and credit
repaid without adding to the amount of credit outstanding.
1400
BUSINESS ACTIVITY
SELECTED BUSINESS INDEXES
[1947-49== 100, unless otherwise noted. The terms "adjusted" and "unadjusted" refer to adjustment of monthly figures for seasonal variation]
Construction
contracts
(value) i
Industrial production
(physical volume)*
Year
or month
Employment and payrolls2
NonManufacturing
Ma inufactures
agri- production workers
culResiMin- Total denAll tural
Non- erals
tial other emDuEmployPayTotal rable duployrolls
ment
ment
rable
Total
Freight
carloadings*
AdAd- Unad- AdAdAd- Unad- Unad- Unad- AdAd- Unad- Unad- Adjusted justed justed justed justed justed justed justed justed justed justed justed justed justed
1919
1920
1921
1922
1923
1924
1925
39
41
31
39
47
44
49
38
39
30
39
45
43
48
38
42
24
37
47
43
49
37
36
34
40
44
42
1926
1927
1928
1929
1930
51
51
53
59
49
50
50
52
58
48
52
49
53
60
45
1931
1932
1933
1934
1935
40
31
37
40
47
39
30
36
39
46
1936
1937
1938
1939
1940
56
61
48
58
67
1941
1942
1943
1944
1945
61.3
61.9
55.2
58 5
64.3
63.5
65.2
67.5
67.9
67 9
71.0
66.6
60 3
53.4
53.6
58 8
61.3
65.8
70 2
66.1
69.3
73.3
82.8
90 9
96.3
95 0
91.5
94.4
99 4
101 6
99.0
46
45
53
42
45
62
57
59
34
34
30
43
45
51
66
26
18
27
41
49
57
75
39
45
32
43
42
46
59
48
50
51
56
51
63
64
63
68
59
69
69
73
63
49
73
71
76
52
30
67
68
70
70
62
31
19
24
30
38
48
42
48
49
55
51
42
48
51
55
34
15
14
17
20
22
8
7
7
13
41
20
18
24
25
55
60
46
57
66
49
55
35
49
63
61
64
57
66
69
63
71
62
68
76
30
32
35
39
44
22
25
27
37
43
35
36
40
40
44
87
106
127
125
107
88
110
133
130
110
91
126
162
159
123
84
93
103
99
96
81
84
87
93
92
66
89
37
22
36
54
49
24
10
16
74
116
45
30
50
1946
1947
1948
1949
1950
90
100
104
97
112
90
100
103
97
113
86
101
104
95
116
95
99
102
99
111
91
100
106
94
105
82
84
102
113
159
87
86
98
116
185
79
83
105
111
142 102 3
1951
1952
1953
1954
1955
1956
1957
1958
120
124
134
125
139
143
143
134
121
125
136
127
140
144
145
136
128
136
153
137
155
159
160
141
114
114
118
116
126
129
130
130
115
114
116
111
122
129
128
117
171
183
192
215
261
199
101
111
170
183
178
232
280
199
101
114
172
183
201
204
248
199
101
108
108.2
110.4
113.6
110.7
114.4
118.3
119.2
115.5
138
141
142
143
144
140
140
143
144
146
151
152
134
135
135
122
123
124
125
98
86
148
112
91
109
88
82
115.6
116.3
116.2
143
145
147
150
153
155
153
149
149
142
147
149
152
153
155
143
148
151
153
157
160
164
169
172
167
137
139
140
142
144
145
146
146
147
124
124
123
124
126
125
118
117
116
87
87
126
142
133
138
138
116
115
95
99
143
170
155
163
157
144
136
»148
^153
145
148
150
153
156
158
157
M52
152
*>151
^146
"117
. ...
. .
. . .
68.7
69.0
52.8
58.4
66.9
62.1
64.2
65.5
64.1
64.2
68.3
59.5
50 2
42.6
47.2
55.1
58.8
31.1
37.1
24.0
25 7
32.6
30.4
32.1
33.0
32.4
32 8
35.0
28.3
21 5
14.8
15.9
20 4
23.5
63.9
70 1
59.6
66.2
71.2
Department
store
sales*
(retail
value)
Consumer
prices2
Wholesale
commodity2
prices
Adjusted
Unadjusted
Unadjusted
112
114
118
118
128
135
135
136
74.0
85 7
76 4
71 6
72 9
73.1
75 0
75.6
74.2
73 3
73 3
71.4
65 0
58 4
55.3
57 2
58.7
59.3
61 4
60 3
59.4
59 9
62 9
69 7
74 0
75 2
76 9
83 4
95 5
102 8
101 8
102 8
111.0
113 5
114.4
114 8
114 5
116.2
120 2
123.5
103 1
114.8
111 6
110.1
110 3
110 7
114.3
117 6
119.2
83
83
82
135
137
143
123.7
123.9
123.7
119.0
119.2
119 2
84
84
85
87
89
87
73
72
72
P74
138
140
138
141
144
144
150
149
*>143
'144
90
98
83
92
107
105
110
27
32
30
30
34
34
36
115
111
112
115
99
37
37
37
38
35
79
59
62
67
69
32
24
24
27
29
27.2
32 6
25.3
29.9
34 0
81
84
67
76
83
32
35
32
35
37
87.9 49.3
103 9 72 2
121.4 99 0
118 1 102 8
104.0 87 8
98
104
104
106
102
44
49
56
62
70
97.9 81.2
103 4 97 7
102 8 105 1
93.8 97.2
99 6 111 7
100
108
104
88
97
90
98
104
99
106.4
106.3
111.8
101.8
105.6
106.7
104.4
94.3
129.8
136.6
151.4
137.7
152 9
161.4
162 7
148.8
101
95
96
86
95
97
90
78
94.8 152.5
96.9 158.4
96.5 160.4
82 116.8 96.5 95.8 158.2
78 117.0 96.8 96.5 160.4
114 117.6 98.2 98.0 165.1
123 118.6 99.5 98.4 167.0
118 119.2 100.9 99.4 169.6
120 119.8 101.9 101.3 174.4
125 120.2 102.0 100.5 170.2
97 118.9 '97.4 '98.4 r 164.9
101 119.3 98.4 100.1 169.2
107
65.0
62 0
62 9
61 9
56.1
47
42
42
48
52
4
1
8
7
0
52
56
51
50
51
5
1
1
1
1
56
64
67
67
68
8
2
0
6
8
78
96
104
99
7
4
4
2
1958
Oct
Nov
Dec
93.4
96.0
96.1
1959
Ja,n
Feb
Mar
Apr
May
June
JUly
Aug
Sept
Oct
v
r
'158
158
*>157
• Estimated.
Preliminary.
Revised.
*1 Average per working day.
Indexes beginning with 1956 are based on data for 48 States from F. W.
Dodge Corporation, 1956-57= 100. Figures for earlier years are threemonth moving averages, based on data for 37 States east of the Rocky
Mountains, 1947-49= 100; the data for 1956 on this basis were: total,
268; residential, 271; and all other, 266. A description of the old index,
including seasonal adjustments, may be obtained from the Division of
Research and Statistics.
^118.9 *>97.2 *>98.6 *>165.8
2
123.8 119.5
123.7 119.5
123.7 119.6
123.9 r 120 0
124.0 119.9
124.5 119.7
124.9 119.5
124.8 119.1
125.2 119.6
The indexes of employment and payrolls, wholesale commodity prices,
and consumer prices are compiled by the Bureau of Labor Statistics.
Nonagricultural employment covers employees only and excludes personnel in the armed forces. The consumer price index is the revised series,
reflecting, beginning January 1953, the inclusion of some new series and
revised weights; prior to January 1953, indexes are based on the "interim
adjusted" and "old" indexes converted to the base 1947-49= 100.
1401
PRODUCTION
INDUSTRIAL PRODUCTION
[Federal Reserve indexes, 1947-49 average=100]
Industry
1947-49 Annual
1958
average
proportion
1957 1958 Sept. Oct. Nov. Dec. Jan.
1959
Feb. Mar. Apr. M a y
June July
Aug. Sept
SEASONALLY ADJUSTED
INDUSTRIAL PRODUCTION—TOTAL. .. 100.00
143
134
137
138
141
142
143
145
147
150
153
155
153
149
149
MANUFACTURES—TOTAL
90.02
145
136
139
140
143
144
145
148
150
153
156
158
157
152
152
Durable Manufactures—Total
45.17
160
141
145
146
151
152
153
157
160
164
169
172
167
r
158
6.70
131
104
113
122
123
123
125
138
146
149
154
150
106
67
64
28.52
5.73
13.68
9.04
4.64
7.54
4.80
2.74
1.29
775
139
168
150
204
213
128
344
172
755
128
145
127
179
187
99
319
164
155
135
148
129
186
178
82
322
166
755
133
147
130
180
183
91
321
169
755
136
150
133
183
203
119
327
173
755
136
152
132
190
204
123
322
175
755
136
154
132
199
204
124
322
176
168
135
158
138
198
204
123
322
179
770
138
159
142
192
207
128
322
181
775
142
163
145
198
211
132
327
183
779
148
170
150
209
214
136
327
189
184
150
178
156
222
216
139
326
197
756
150
180
156
227
218
142
327
199
'752
144
r
179
'158
221
'211
133
'322
198
755
145
183
157
233
205
129
314
200
Clay, glass, and lumber products
Stone, clay, and glass products
Lumber and products
5.91
2.82
3.09
133
155
114
729
145
115
136
157
118
134
149
120
757
151
125
755
148
125
756
147
127
757
149
126
745
158
129
750
166
136
755
170
139
752
174
133
757 752
180 1 7 4
137 132
750
172
130
Furniture and misc. manufactures
Furniture and fixtures
Miscellaneous manufactures
4.04
1.64
2.40
132
120
140
727
119
133
132
126
137
134
127
138
134
129
137
757
127
134
755
133
137
755
132
137
755
135
141
143
138
147
147
143
150
149
145
152
755
149
156
757
145
155
757
144
155
44.85
130
130
133
134
135
135
137
139
140
142
144
145
146
146
147
11.87
6.32
5.55
105
99
111
103
98
110
109
103
116
111
104
118
110
104
110
104
116
112
106
118
113
108
119
115
110
121
115
123
122
118
127
123
118
128
126 125
123 121
130 1 3 0
125
120
131
Rubber and leather products
Rubber products
Leather and products
3.20
1.47
1.73
118
135
104
775
125
102
119
136
104
779
133
108
725
141
113
725
140
108
124
142
109
128
150
109
729
156
106
725
135
112
725
134
118
757
155
111
141
172
115
Paper and printing
Paper and allied products
Printing and publishing
Newsprint consumption
Job printing and periodicals
8.93
3.46
5.47
1.85
3.62
148
158
141
131
146
147
160
139
126
146
150
167
140
127
146
755
171
142
131
148
752
168
142
130
149
150
166
139
120
150
755
167
144
129
152
755
172
145
131
152
755
173
145
130
153
158
176
147
135
153
767
180
149
135
155
760
178
149
133
157
164
'185
151
138
157
765
182
152
139
158
164
182
152
138
160
Chemical and petroleum products
Chemicals and allied products
Industrial chemicals
Petroleum and coal products
9.34
6.84
2.54
2.50
172
184
203
141
770
184
195
134
174
187
204
135
775
189
209
137
777
192
212
139
180
194
214
142
182
196
216
143
184
199
222
144
757
201
226
149
188
204
232
143
790
208
234
142
795
212
246
143
797
211
245
135
'797
'212
'244
133
794
217
253
11.51
10.73
8.49
2.24
.78
112
112
112
113
111
775
115
115
116
118
775
115
116
114
121
775
115
115
115
120
777
116
116
119
126
777
117
116
121
126
118
118
117
122
121
120
119
119
121
130
720
119
120
118
121
727
120
120
124
134
722
122
121
125
124
779
120
121
117
115
779
118
118
116
132
r
122
122
120
130
126
727
121
120
MINERALS—TOTAL
9.98
128
117
123
122
123
124
124
124
123
124
126
125
118
117
116
Mineral fuels
Coal
Anthracite
Bituminous coal
Crude oil and natural gas
Crude oil
Natural gas and gas liquids
8.35
2.68
.36
2.32
5.67
4.12
.70
128
83
49
88
150
138
198
777
68
42
72
141
129
197
123
70
44
74
149
140
198
123
69
39
74
148
138
202
72
37
77
147
135
203
73
48
77
148
135
205
69
45
73
148
137
198
74
37
79
146
135
204
727 722 124
72
71
73
39
38
37
77
77
79
144 146 148
133
135 137
207 ^209 ^209
124
73
36
78
148
136
775
56
31
60
148
133
720 727
63
61
36
35
67
65
148 z>148
134 P135
Metal, stone, and earth minerals
Metal mining
Stone and earth minerals
1.63
.82
.81
129
116
142
777
91
143
779
90
92
101
148
108
142
113
145
128
114
143
752
115
148
757
106
156
775
79
157
Primary metals
Metal fabricating
Fabricated metal products
Machinery
Nonelectrical machinery
Electrical machinery
Transportation equipment
Autos, trucks, and parts
Other transportation equipment
Instruments and related products
Nondurable
Manufactures—Total
Textiles and apparel
Textile mill products
Apparel and allied products
Foods, beverages, and tobacco
Food and beverage manufactures
Food manufactures
Beverages
Tobacco manufactures
Preliminary.
' Revised.
For other notes see end of table.
755
114
155
134
115
154
158
755 P133
162
112
'700
'43
159
90
27
154
1402
PRODUCTION
INDUSTRIAL PRODUCTION—Continued
[Federal Reserve indexes, 1947-49 average =100]
Industry
1947_49 Annual
1958
1959
average
proportion
1957 1958 Sept. Oct. Nov. Dec. Jan. Feb. Mar. Apr. May June July j Aug. Sept.
WITHOUT SEASONAL ADJUSTMENT
100.00
143
134
140
143
144
140
142
147
149
152
153
155
143 j 148 151
MANUFACTURES—TOTAL...
90.02
145
136
141
145
146
141
144
150
152
155
156
158
147 151
Durable Manufactures—Total...
45.17
160
141
146
149
155
152
154
160
163
166
169
172 j 157 |»153 158
6.70
5.03
3.51
.37
3.05
2.62
.43
131
130
140
137
139
138
143
104
99
105
99
105
104
106
111
106
114
106
114
113
118
123
117
129
119
129
126
144
124
120
129
124
128
127
138
119
117
127
123
127
125
135
127
125
136
127
136
133
157
157
157
170
157
170
165
203
154
152
165
153
164
161
182
Ferrous castings and forgings.
Iron and steel castings
Steel forgings
1.52
1.29
.23
108
107
113
85
85
81
87
88
80
90
91
85
99
101
93
93
96
98
98
101
144 153 155
142 154 156
156 170
139 152 171
156 170 155
171
151 ! 164 165
191 i 205 206
112 118 122
112 118 122
115 121
Nonferrous metals
Primary nonferrous metals. . .
Copper smelting
Copper refining
Lead
Zinc
Aluminum
1.67
.38
.09
.06
.04
.10
.09
136
164
129
135
114
123
275
121
146
120
121
99
97
268
125
139
111
110
99
91
263
140
150
138
101
90
283
137
157
144
130
93
93
295
126
162
130
144
98
105
308
134
163
132
135
97
105
317
149
169
136
155
97
108
318
152
167
145
138
87
110
318
151
169
144
140
93
108
325
156
168
141
133
87
106
332
160
174
141
140
86
107
350
.13
1.16
.63
20
.33
129
104
198
136
93
116
94
193
110
94
124
102
207
116
141
128
219
118
105
133
114
202
130
102
117
87
203
123
103
127
103
204
129
119
145
123
225
140
113
151
129
243
139
123
149
117
264
141
28.52
176
155
156
158
167 \ 168 168
172
5.73
2.68
2.12
.30
.63
139
152
124
146
99
128
140
108
150
106
141
148
115
208
132
136
144
115
161
133
135
144
123
125
116
138
146
128
128
109
INDUSTRIAL PRODUCTION—TOTAL.
Primary Metals
Ferrous metals
Pig iron and steel.
Pig iron
Steel
Carbon steel..
Alloy steel. . .
Secondary nonferrous metals. . .
Nonferrous shapes and castings.
Copper mill shapes
Aluminum mill shapes
Nonferrous castings
Metal Fabricating
i
154
94
63
80
38
76
20
72
19
76 "20
75
84 !
63
40
21
89
89
88
81
79
90
83
82
92
134
165
111
132
73
101
363
136
140
'68
'80
57
97
350
131
118
33
29
34
"88
352
118
156
123
287
144
119 101
160 127
137
128
76 H 2 0
305 . 321 222
134 • 110 T\9
•137
113
235
174 176
179
182
142
151
130
146
146
155
133
158
114
150
160
136
167
116
128 i 123
127 123
133
125
175 173
181
13.68
168
145
151
150
136 ! 136 134
144 | 148 144
119 | 125 124
130 104 118
128 104 107
153 152 156
162 ! 164 I 165170
175
Nonelectrical machinery
Farm and industrial machinery
Farm machinery
Industrial and commercial machinery.
Machine tools and presses
Laundry and refrigeration appliances . . .
9.04
8.13
1.02
7.11
.68
.69
150
146
84
155
182
151
127
121
79
127
119
148
128
119
80
124
114
170
127
118
83
124
115
163
131
121
65
129
113
179
133
125
72
133
116
163
134
128
80
135
116
155
142
132
99
137
118
194
147
137
106
142
125
200
149
140
107
144
130
196
153
144
116
148
134
196
156 I 150 149
148 144 143
117 112 '100
152 149 '149
138 i 139
191 I159
Electrical machinery
Electrical apparatus and parts
Radio and television sets
4.64
3.23
.74
204
201
205
179
177
166
195
178
223
194
177
221
197
182
212
190
192
163
199
192
193
202
193
200
196
195
173
196
198
166
203 213 197
203 209 207
177 ! 198 149
Transportation equipment
Autos, trucks, and parts
Autos
Trucks
Light trucks
Medium trucks
Heavy trucks
Truck trailers
Auto and truck parts
7.54
4.80
1.50
.66
213
128
146
104
100
50
194
137
123
187
99
101
90
82
24
203
116
170
69
37
67
49
12
155
131
184
92
71
89
75
12
221
132
211
132
160
112
123
33
221
135
214
134
161
100
120
30
173
134
211
131
154
110
114
28
227
145
212
133
149
133
123
32
308
161
215
139
163
138
124
31
327
168
217
141
164
143
130
36
329
184
215 214 i 209 J188 189
139 138 !132 100 105
162 158 I 150
71
73
148 ! 147 134
96 102
134 131 i120
64
96
36
40 ! 36
10
10
343 337 !310 '•255 229
187 | 192 !
161 167 T75
2.74
1.30
.81
.53
.35
344
608
129
77
319
572
128
39
322
583
126
30
321
582
129
20
15
327
591
130
29
19
329
595
128
32
24
325
587
131
28
19
326
587
128
35
26
325
583
132
36
27
327
580
138
43
36
324
572
141
42
34
323
571
137
45
38
Instruments and related products
1.29
172
174 | 176 176 179 | 183 185 188
195
Clay, Glass and Lumber Products.
5.91
143
139
126
128
Stone, clay, and glass products
Glass and pottery products
Flat glass and vitreous products...
Flat and other glass
Glass containers
Home glassware and pottery
2.82
1.09
.60
.47
.26
.23
155
141
161
164
136
92
155
122
123
120
145
91
153
127
141
141
130
86
145
124
144
144
116
141 i 145
125 133
142 147
142 148
126 138
79
156
143
167
171
137
86
166
146
166
171
149
171
146
167
171
146
90
177
150
169
173
155
Cement
Structural clay products
Brick
Clay, firebrick, pipe, and tile.
.32
.35
.12
.20
148
128
114
140
155
118
113
123
160
136
154
160
142
84
192
132
134
134
193
133
136
133
170
127
123
132
139
120
110
129
109
112
96
126
109
115
101
127
143
121
111
130
177
132
131
134
196
134
129
139
203
142
143
143
201
142
141
145
204
140
138
143
198
Concrete and plaster products
Misc. stone and earth manufactures. .
.48
.58
188
174
187
157
209
163
207
169
199
169
187
171
182
172
182
175
192
180
208
184
219
189
229
192
230 '235
190 189
230
189
Fabricated metal products
Structural metal parts
Stampings and misc. metal products
Tin cans
Furnaces, gas ranges, and heaters
Machinery
Other transportation equipment.
Aircraft and parts
Shipbuilding and repair
Railroad equipment
Railroad cars
3
Preliminary.
'" Revised.
.14
.07
2.58
34
20
164
168
129
145
125
137
139
135
143
!
|
j
!
143 '146151
155 l'146 148
129 I ''127 135
180 I 242241
93 ; 126 139
166 1172 186
!
|
j
I
219
210
223
320
566 ^563
134 r132
46 51
39
49
155
147
107
153
147
189
245
220
291
314
563
124
35
24
193 |196 i 202
134 j 140 ! 150157 \ 158 1 150 j 159 i 157
For other notes see end of table.
!174 r177
|144 150
i 162 '165
i 163 r167
150 163
90
94
175
149
174
178
134
139
1403
PRODUCTION
INDUSTRIAL PRODUCTION—Continued
[Federal Reserve indexes, 1947-49 average= 100]
1947_49 Annual
1958
1959
average
proportion
1957 1958 Sept. Oct. Nov Dec. Jan. Feb. Mar. Apr. M a y June July Aug. Sept.
Industry
WITHOUT SEASONAL ADJUSTMENT
—Continued
3.09
2.05
.60
.39
.12
29
114
96
187
112
312
84
115
94
202
110
356
76
127
105
220
133
364
80
131
105
240
134
416
80
126
101
234
133
403
78
109
87
193
103
341
77
116
89
225
110
419
77
124
98
243
120
448
75
125
101
234
118
429
78
136
106
269
141
484
79
Furniture and Misc. Manufactures
4.04
132
127
138
141
139
135
132
136
138
139
Furniture and fixtures
Household furniture
Fixtures and office furniture
1.64
1.10
.54
120
120
120
119
122
114
130
134
123
132
138
120
132
137
120
132
138
122
132
137
120
134
140
120
135
141
122
Lumber
and products
Lumber
Millwork and plywood
Millwork
Softwood plywood
Wood containers
..
.
..
143
113
141
109
278
162
270
157
471
456
127
102
143
in
141
113
146
124
160
84
81
79
78
142
146
144
r
152
157
135
140
125
137
141
129
141
144
136
141
146
132
Ul
152
137
148
154
136
163
83
2,40
140
133
143
147
144
137
133
137
139
142
145
149
145 156
Nondurable manufactures—Total
44.85
130
130
137
142
138
130
135
140
141
143
143
144
136 149
151
Textiles and Apparel
11.87
105
103
107
115
112
103
113
119
121
123
122
120
110
127
123
6.32
3.72
2.30
.97
.45
99
105
95
119
94
98
104
91
115
98
103
111
96
124
109
109
112
98
125
101
107
118
99
137
115
100
106
86
141
87
107
119
101
135
115
113
122
103
138
119
113
122
102
149
108
111
131
106
154
139
119
129
104
156
130
111
121
97
156
107
107 121
119 127
96 105
147 142
110 1 3 3
120
123
102
144
114
.97
.16
.75
1.15
.65
.45
.20
.50
75
78
75
69
72
69
75
78
75
75
73
76
71
72
71
62
62
63
79
85
84
95
94
88
85
91
82
104
93
89
102
118
104
92
84
108
120
113
97
86
123
135
116
102
89
132
134
115
102
92
127
132
96
75
66
98
124
109
101
90
125
120
111
99
87
127
126
111
94
83
120
132
116
97
84
129
140
115
91
115
86
108
74
125
98
120
92
152
158
156
51
Miscellaneous manufactures
Textile mill products
Cotton and synthetic fabrics
Cotton consumption
Synthetic fabrics
Fabric finishing
Wool textiles
Wool apparel yarns
Wool fabrics
.
.
Knit goods
Hosiery
Full-fashioned hosiery
Seamless hosiery
Knit garments
77
123
69
125
146
153
59
110
81
139
74
135
.48
.31
71
63
70
79
76
75
76
91
87
90
76
76
79
79
Apparel and allied products.
Men's outerwear
Men's suits and coats
Mien's suits
Men's outercoats
Shirts and work clothing
5.55
1.78
.73
.50
.13
.99
111
102
86
87
61
112
110
100
75
73
66
115
113
106
78
72
86
123
121
108
79
76
73
128
117
107
84
84
62
121
105
93
67
70
38
109
120
119
81
87
37
145
127
120
82
86
46
146
130
117
81
83
52
142
128
139
99
95
99
167
125
136
98
91
99
164
124
118
89
81
98
138
113 1 3 4
109 141
64 105
55
96
86 117
140 166
127
133
94
87
97
161
Women's outerwear
Women's suits and coats
1.85
.76
112
128
112
129
112
139
120
150
113
138
90
101
119
151
141
175
138
147
133
114
129
122
118
138
109
144
120
150
110
135
137
Woven carpets
Misc apparel and allied mfrs
1.92
117
117
126
129
128
126
125
130
129
125
124
128
127 136
Rubber and Leather Products
3.20
118
113
120
125
125
118
129
138
136
125
121
129
119
Rubber products
Tires and tubes
1.47
.70
.40
.30
.77
135
123
134
107
147
125
113
120
103
136
137
117
122
109
156
143
129
131
125
156
145
128
131
124
160
137
128
132
122
146
150
138
159
155
171
133
163
132
152
141
124
161
158
154
167
137
161
138
149
111
120
99
108
120
92
141
154
122
163
154
162
147
162
125
1.73
.44
.29
.15
104
89
98
72
102
84
91
68
105
83
92
65
109
91
101
72
108
93
102
74
102
85
94
69
111
90
98
76
120
94
102
79
116
113
89
112
93
110
85
101
68
.
Truck and bus tires
Miscellaneous rubber products
Leather and products
Leather
Cattlehide leathers
Skin leathers
.
Miscellaneous leather products
Paoer and allied Droducts
Pulp and paper
\Vood pulp
Paper and board
Printing paper
Fine paper
Coarse paper
Miscellaneous paper
Paperboard
Building paper and board
Converted paper products.
Shipping containers
Sanitary paper products
Preliminary.
..
r
...
Revised.
95
73
95
77
97
86
87
79
136
70
65
r
135 P134
156 ^160
136
148
120
174
117
89
85
.90
.39
94
94
100
105
107
104
99
102
103
98
98
103
105
110
8.93
148
147
152
160
155
145
150
156
159
164
162
160
152
161
166
3.46
1.76
.51
1.25
.22
.14
.20
.18
.41
.10
158
154
176
145
133
139
127
179
153
124
160
154
175
145
133
142
125
178
154
129
169
159
180
150
131
145
129
174
164
145
181
171
199
160
138
151
142
195
173
145
170
164
188
154
132
152
139
186
166
128
153
148
168
140
127
145
120
175
146
115
166
161
187
150
138
145
129
193
157
124
111
171
194
162
142
160
140
200
173
137
176
171
195
161
145
161
135
194
172
143
185
179
203
169
153
180
175
200
165
149
180
177
203
167
151
164
157
183
147
139
162
142
164
142
184
176
203
165
151
184
172
198
162
150
200
174
148
135
127
205
178
157
196 175 199
178 1 5 3 178
156 150 1 5 3
158
138
188
174
157
1.70
.51
.11
163
157
179
166
157
191
179
175
188
192
184
213
176
168
199
158
148
187
171
160
203
183
172
213
182
174
202
190
179
223
186
181
199
182
177
196
197
195
201
For other notes see end of table.
165
147
171 1 9 2
166 188
186 '200
155
135
1404
PRODUCTION
INDUSTRIAL PRODUCTION—Continued
[Federal Reserve indexes, 1947-49 average = 100]
Industry
1947-49
pro-
Annual
average
1958
1959
1957 1958 Sept. Oct. Nov. Dec. i Jan.
Feb. Mar. Apr. May June j July
Aug. Sept
WITHOUT SEASONAL ADJUSTMENT
—Continued
Printing and publishing
Newsprint consumption
Job printing and periodicals
5.47
1.85
3.62
141
131
146
139
126
146
142
128
149
147
141
149
146
142
149
140
119
151
139
119
150
142
127
150
148
136
154
150
145
153
150
143
154
148
133
155
Chemical and Petroleum Products.
9.34
172
170
174
179
180
181
184
187
189
190
189
189 181 187 194
Chemicals and allied products
Industrial chemicals.
Basic inorganic chemicals
Industrial organic chemicals
Plastics materials
Synthetic rubber
Synthetic fibers
Miscellaneous organic chemicals
6.84
2.54
.57
1.97
.24
.11
.59
1.03
184
203
202
204
272
245
199
186
184
195
198
195
284
230
180
178
187
202
196
204
316
242
189
183
195
211
210
212
336
260
199
185
195
214
219
213
328
273
200
187
195
217
210
219
320
262
215
192
198
219
209
221
332
280
211
195
202
226
223
227
350
292
220
196
204
231
229
231
366
287
222
199
209
237
235
237
379
289
231
202
207
237
232
238
377
283
224
209
206 199 '206 216
241 '233 '237 250
224 '212 213 223
245 239 '244 258
386 345 366 384
284
207 319
7
'229 "231
235
214 213 '218 238
Vegetable and animal oils
Vegetable oils
Grease and tallow
.64
.48
.16
130
121
154
130
124
149
117
108
146
162
161
164
159
155
171
149
148
151
156
154
161
155
149
174
144
141
155
138
129
165
131
120
165
121
108
158
118
103
161
Soap and allied products.
Paints i
Fertilizers
.71
.66
.23
112
109
126
120
114
104
120
113
117
114
107
75
132
132
118
126
115
172
212
192
1 2 7 •• 1 0 9
2.50
1.97
1.04
.98
.06
141
150
162
157
249
134
145
161
156
249
138
148
166
159
297
137
147
160
154
275
140
151
168
161
286
144
159
173
167
275
146
160
170
165
257
145
157
162
156
268
148
154
166
162
232
138
147
163
159
233
139
146
164
162
215
143
.56
.30
.26
147
194
93
136
183
82
138
189
80
140
193
79
140
192
80
153
207
90
163
226
91
165
229
92
153
211
86
134
184
77
133
186
74
.10
.17
98
113
99
104
93
102
103
108
115
106
123
112
137
104
137
104
100
111
90
117
80
113
113 | 118 109
.26
105
94
76
103
78
130
85
121
90
92
92
49
94
58
102
80
107
149
107
87
106
109
104 ! 40
26
121 j 129 136
112
115
130
129
120
110
108
111
110
115
118
111
112
128
148
110
115
115
125
139
131
134
130
147
113
129
130
138
150
123
120
121
134
134
126
110
112
133
134
126
107
110
139
141
130
109
110
140
132
136
109
108
133
132
127
114
111
136
141
127
117
113
129
140
116
123 j 121
111 I 121
118
129 118
127
111
109
119
102
111
110
105
121
99
112
103
79
109
84
122
93
80
104
77
104
101
70
94
87
92
103
76
84
100
103 i 106
102
108
83
87
109
110
119
99
109
121
115
134
115
117
141
132
155
139
136
147
123
158
141
153
Petroleum and coal products .
Petroleum refining
Gasoline
Automotive gasoline..
Aviation gasoline....
Fuel oil
Distillate fuel oil.
Residual fuel oil.
Kerosene
Lubricating oil.
Coke
Asphalt roofing and siding.
Foods, Beverages, and Tobacco . .
Food and beverage manufactures
Food manufactures
Meat products
Beef
Pork
Dairy products
Butter
Natural cheese
Concentrated milk. .
Ice cream
134
.15
11.51
10.73
8.49
1.48
.46
.83
.69
.14
.07
.19
144
147
120 i 125
155 158
155
139
163
120
106
164
141
132
168
119
126
n'xi * iii"
132
1 5 1 J 148
134 ^134
152
171 1 170 i 174 ^173
167 I 167 | 171
234 ' 220 ! 226
136 ! 129 136 "133
190 182
191
75 I 67 72
80 I 74 77
143
114
144
111
27
144
134 136
134
'133
127
142
111
136
138
141
151
127
132
123
i 98
84
i 131 115
j 112 97
j 158 157
I
| 163 '254
j 104 108
| 83
93
! 118 117
108
75
108
85
135
240
108
93
118
Canned and frozen foods
Grain-mill products
Wheat flour
Cereals and feeds
1.13
1.16
.46
.70
126
100
87
108
134
103
90
112
242
110
93
121
175
109
97
117
125
104
97
110
105
101
88
109
92
105
94
113
93
102
90
111
97
102
89
111
110
99
85
108
105
92
114
135
107
88
119
Bakery products.
Sugar
Cane sugar. . . .
Beet sugar
1.64
.27
.11
.13
100
122
112
125
101
131
115
138
102
103
125
79
103
293
117
439
101
311
114
476
101
233
107
336
98
112
103
114
99
72
104
40
99
64
113
16
99
70
118
23
102
83
135
32
104 ; 105 '106
81
72 '100
126 I 125 '141
36 ; 20
'58
107
122
141
100
.71
1.41
112
108
113
115
154
119
140
118
134
118
96
116
121
113
128
116
103
115
108
116
96
119
92 ! 84
102
125 ' 121 123
158
124
2.24
.54
1.70
1.02
.17
.37
113
116
119
124
113
104
97
105
113
126
133
139
103
101
83
107
103
91
115
108
99
116
118
124
90
172
166
85
125
154
94
90
109
92
9\ 100
88
85
104 107
92 116
109
105
106
112
119 i 124
119 121
112
116
128
123 112
122
131 ! 127 121
92 i 50
77
114 | 101 136
.78
.46
.17
111
116
106
118
124
114
125
129
124
130
132
137
128
128
140
103
108
102
121
123
129
121
121
133
129
129
140
125
129
126
Confectionery
Miscellaneous food preparations.
Beverages
Bottled soft drinks. .
Alcoholic beverages.
Beer and ale
Liquor distilling...
Liquor bottling. . .
Tobacco manufactures.
Cigarettes
Cigars
P Preliminary.
' Revised.
130
127
150
For other notes see end of table.
128
132
129
130
119
129
102
138
136
144
129
1405
PRODUCTION
INDUSTRIAL PRODUCTION—Continued
[Federal Reserve indexes, 1947-49 average = 100]
1947_49 Annual
1958
average
proportion
1957 1958 Sept. Oct. Nov. Dec. Jan.
Industry
1959
Feb. Mar. Apr. May June July Aug. Sept
WITHOUT SEASONAL ADJUSTMENT
—Continued
MINERALS—TOTAL
Mineral Fuels
Coal
Anthracite
Bituminous coal
Crude oil and natural gas
Oil and gas extraction
Crude oil
Natural gas and gas liquids
Natural gas
Natural gas liquids
Oil and gas well drilling
Metal, Stone, and Earth Minerals,
Metal mining
Iron ore
Nonferrous metal mining
Copper mining
Lead mining
Zinc mining
Stone and earth minerals
,
9.98
128
117
123
124
123
8.35
128
117
122
122
124
127
126
126
2.68
.36
2.32
83
49
88
68
42
72
73
47
77
75
40
81
76
50
80
73
50
76
74
39
79
5.67
4.82
4.12
.70
.34
.36
.85
150
146
138
198
212
184
171
141
139
129
197
216
179
152
145
144
136
190
201
179
150
144
143
134
196
212
181
154
147
145
134
209
230
188
159
151
149
137
219
247
193
165
152
150
138
216
241
192
163
1.63
129
117
132
131
121
110
.82
.33
.49
.24
.09
.06
116
114
117
133
85
84
91
73
103
121
68
65
107
118
101
123
59
59
107
107
107
132
62
61
93
53
119
145
73
65
.81
142
143
158
156
151
p
r
Preliminary.
Revised.
i Publication suspended pending revision.
NOTE.—A number of groups and subgroups include individual series
not published separately, and metal fabricating contains the ordnance
group in addition to the groups shown. Certain types of combat materiel
124
123
123
122
124
127
127
114
116
116
123
123
124
123
112
118
119
69
34
74
68
34
74
72
33
78
72
38
77
46
25
50
63
36
67
65
39
69
150
150
138
220
242
200
152
149 149
149 149
138 139
215 *209
235
196 194
146 148
148
147
138
191
155
192
161
187
165
190
169
166
108
111
114
128
146
247
126
108
97
81
38
110
135
64
60
86
43
114
139
69
66
91
52
118
141
71
75
91
50
118
146
64
71
105
81
121
149
65
73
135
157
121
151
61
73
133
160
115
140
65
70
90
72
101
125
57
59
49
'8
'76
'81
66
'59
32
8
48
39
62
56
139
131
130
138
152
157
162
163
168
163
144
144
147
145
140
140 P141
130
136
130
*>200 P197 P200
are included in major group totals but not in individual indexes for autos,
farm machinery, and some other products, as discussed in the BULLETIN
for December 1953, pp. 1269-71.
For description and back figures, see BULLETIN for December 1953,
pp. 1247-93 and pp. 1298-1328, respectively.
UTILITY OUTPUT OF ELECTRICITY AND GAS
[Seasonally adjusted Federal Reserve indexes, 1947-49 average= 100]
Industry
ELECTRICITY AND GAS—TOTAL
Residential
Nonresidential
Electricity
Industrial
•
General industrial
Commercial and other
Gas
Commercial and other
Annual
1958
1947-49 average
propor1957 1958 Sept. Oct. Nov. Dec. Jan.
tion
100.00
41.34
58.66
233
261
213
244
282
216
249
288
222
76.18
27.48
23.68
23.49
.19
25.02
233
273
243.
295
250
304
23.82
13.86
6.16
3.80
213
208
216
193 189 197
2670 2570 2550
208 219 224
250
285
225
252
286
229
Feb.
'258 '259
'299 '297
'230 '232
Mar. Apr. May June July A u g . Sept.
'261
'298
'236
261
295
236
265
298
242
270
301
249
,271
z>270
C
269
251 248 252 257 257 260 259 265 272 273 272 i}269
305 298 300 313 310 312 307 312 318 323 327
220
224
216 221
244
228
235
217
241
229
229
198 198 202 202 206 209 211 216 225 222 210
2560 2550 2540 2560 2590 2580 2560 2560 2580 2580 2590
224 224 228 230 230 234 235 241 248 248 252
232
246
247
251
254
236
230
218
256
231
232
257
235
231
257
238
250
258
241
260
e
Estimated.
P Preliminary.
' Revised.
NOTE.—For description and back figures see BULLETIN for October
1956, pp. 1055-69.
251
289
224
1959
254 '262 '264 '265
258 '269 '272 '270
243 '250 '255 '260
255
254
251
253
265
266
266 ^266
270
262
255
269
265
260
268
263
264 . . .
Indexes without seasonal adjustment may be obtained from the Division
of Research and Statistics.
1406
PRODUCTION
OUTPUT OF CONSUMER DURABLE GOODS
[Federal Reserve indexes, 1947^9 average = 100]
Annual
1947^9 average
1958
proportion 1957 1958 Sept. Oct. Nov. Dec.
Product
1959
Jan.
Feb.
Mar. A p ,
May
June July
Aug. Sept.
SEASONALLY ADJUSTED
CONSUMER DURABLES—TOTAL
Autos
Major household goods
Household furniture
Major appliances
Ranges
Refrigeration appliances
Laundry appliances
Radio and television sets
Radio sets
Auto parts and tires
100.00
130
113
103
108
133
134
133
132
135
137
141
145
149
142
137
69.72
32.10
36.13
15.32
11.31
4.01
15.60
11.88
2.60
4.98
2.51
3.72
5.21
3.42
1.79
138
146
114
101
99
56
105
67
142
139
143
143
140
139
137
130
141
142
127
138
141
148
149
134
140
122
114
120
115
122
124
130
127
133
127
134
143
146
142
155
156
120
129
144
151
153
158
158
132
146
147
147
133
141
153
135
143
156
161
133
140
140
148
140
148
147
154
141
150
137
148
127
133
127
131
137
144
148
157
159
168
156
161
140
141
145
149
139
145
144
150
89
88
84
114
118
99
145
154
140
170
115
166
61
155
202
113
197
86
173
208
123
166
65
180
187
138
162
65
346
109
150
188
137
181
73
104
164
177
140
180
104
205
75
99
148
157
150
160
103
101
151
158
98
104
163
186
134
185
72
164
169
120
179
67
99
171
176
125
189
71
178
182
128
195
71
170
184
118
235
92
181
190
121
240
91
199
239
123
234
81
183
199
116
249
103
132
140
99
165
159
453
365
408
359
184
215
131
174
75
363
387
400
392
415
432
507
526
528
528
30.28
14.00
16.28
111
110
113
114
113
114
118
119
121
115
117
124
127
126
128
114
109
114
114
114
113
114
114
117
119
123
125 1 3 0
128
133
100.00
130
113
103
116
143
137
136
140
144
142
142
144
134
119
128
69.72
32.10
36.13
15.32
11.31
4.01
15.60
11.88
2.60
4.98
2.51
3.72
5.21
3.42
1.79
138
146
114
101
147
161
145
154
150
153
138
149
140
150
131
138
130
137
130
138
130
137
132
135
140
152
125
73
126
134
149
114
71
115
122
148
154
158
114
120
155
163
151
136
141
154
162
151
150
149
154
135
140
154
164
127
113
71
155
160
132
96
37
133
141
135
144
133
146
142
152
143
154
127
133
89
140
180
104
205
127
131
88
140
170
115
166
150
150
92
149
228
149
222
147
148
102
138
229
145
221
156
162
114
156
241
136
212
137
146
108
153
189
108
163
131
137
96
145
183
112
193
158
169
115
187
212
121
199
159
173
117
205
186
116
173
156
167
104
201
182
120
166
155
165
103
205
173
123
176
154
163
111
201
166
125
198
125
131
75
168
135
106
148
163
166
113
175
225
153
290
53
331
141
141
88
145
201
140
223
64
527
103
649
WITHOUT SEASONAL ADJUSTMENT
CONSUMER DURABLES
TOTAL
M^aior Durables
Furniture and floor coverings
Appliances and heaters
Ranges
Heating apparatus
Radio sets
..
Other Consumer Durables
•
•
30.28
14.00
16.28
153
173
75
453
61
365
80
493
82
485
99
429
79
322
73
422
73
440
70
369
68
353
69
380
76
431
111
110
119
123
117
113
115
117
117
113
114
121
122
130
135
114
109
118
123
122
114
109
114
116
116
118
122
121
130
137
r
P Preliminary.
Revised.
i Publication suspended pending revision.
NOTE.—For a description of these indexes, see BULLETIN for May 1954,
pp. 438-47.
Individual indexes without seasonal adjustment for woven carpets,
appliances, heating apparatus, radio sets, and television sets may be
obtained from the Division of Research and Statistics,
VALUE OF NEW CONSTRUCTION ACTTVITY
[Joint estimates of the Departments of Commerce and Labor.* Seasonally adjusted.
In millions of dollars]
'rivate
Year or month
Business
Total
Total
1951
1952
1953
1954
1955
1956
1957
1958
Public
32,700
34,670
37,019
39,362
44,164
45,779
47,795
49,109
23,447
23,889
25,783
27,684
32,440
33,067
33,778
33,833
Residential
Total
12,529 7,344
12,842 7,500
13,777 8,495
15,379 8,531
18,705 9,980
17,677 11,608
17,019 12,535
18,047 11,326
Indus- Comtrial mercial
Public
utility
Other
nonresidential
2,117
2,320
2,229
2,030
2,399
3,084
3,557
2,382
1,498
1,137
1,791
2,212
3,218
3,631
3,564
3,589
3,729
4,043
4,475
4,289
4,363
4,893
5,414
5,355
3,574
3,547
3,511
3,774
3,755
3,782
4,224
4,460
9,253
10,781
11,236
11,678
11,724
12,712
14,017
15,276
1,387
1,290
1,003
1,287
1,360
1,287
1.402
2,353
2,679
3,015
3,680
3,861
4,395
4 892
5,364
Total
Military
Highway
Conservation
887
912
900
892
773
701
826
971
All
other
1,019
5,101
5 815
6,039
6,222
5 875
6,131
6 867
7,491
1958
Sept
Oct
Nov
Dec
4,105
4,198
4,356
4,451
2,821
2,872
2,948
3,030
1,535
1,590
1,653
1,733
906
900
908
915
167
165
167
166
297
295
298
300
442
440
443
449
380
382
387
382
1,284
1,326
1,408
1,421
124
134
160
135
442
457
510
524
84
89
86
93
634
646
652
669
1959
Jan
Feb
Mar
Apr
May
4,557
4,526
4,669
4,670
4,670
4,662
4,658
4,581
4,418
3,113
3,127
3,181
3,259
3,300
3,270
3,288
3,245
3,162
1.793
1,812
1,867
1,952
1,981
1,922
1,917
1,875
1,851
928
929
928
925
938
953
959
958
910
160
160
156
153
157
163
170
175
168
304
308
305
311
334
344
351
347
329
464
461
467
461
447
446
438
436
413
392
386
386
382
381
395
412
412
401
1,444
1,399
1,488
1,411
1,370
1,392
1,370
1,336
1,256
127
125
133
135
137
133
116
114
108
552
500
582
512
472
492
510
504
466
95
93
98
99
101
112
90
88
87
670
681
675
665
660
655
654
630
595
July r
Aug r
Sept.*
.
P Preliminary.
* Beginning with June 1959, data are from Bureau of Census.
NOTE.—Revised data for 1959 will be published in the BULLETIN for
December.
1407
PRODUCTION
CONSTRUCTION CONTRACTS, BY TYPE OF OWNERSHIP AND BY TYPE OF CONSTRUCTION
[Figures for the 48 States, as reported by the F. W. Dodge Corporation.
Value of contracts, in millions of dollars]
By type of
ownership
By type of construction
Total
Year or month
Nonresidential building
Public
Private
Residential
building
Public
works
and
Factories
Commercial
Educational
Other
public
utilities
1957
1958
1958—Sept.
Oct..
Nov.
Dec.
32,173
35,090
11,238
13,427
20.935
21,663
13,039
14,696
2,168
1,400
3,267
3,197
2,936
2,908
2 922
3^444
7,841
9,446
3,216
3,309
2,594
2,282
1,049
1,071
2,167
2,238
1,667
1,395
1,460
1,595
1,206
981
113
135
96
88
303
288
238
227
240
248
198
206
237
284
243
226
863
759
613
553
1959—Jan
Feb
Mar
Apr
May
June
July
Aug
Sept
2,319
2,307
3,340
3,778
3,542
3,659
3,657
3,084
3.058
800
800
869
1,519
1.507
2;471
2,571
2.447
2,492
2.470
2,234
,022
1,073
1,541
1,831
1.677
1,762
,690
,551
1,466
105
139
128
189
176
151
194
133
165
282
198
286
328
326
292
354
311
346
171
177
217
270
227
251
265
231
241
261
190
283
400
342
361
378
285
255
479
530
886
760
793
842
776
571
586
NOTE.—Beginning in 1958, monthly data exceed annual total and are
not comparable with monthly data for earlier years because of a change
927
887
1,207
1,094
1.167
1.186
850
in policy of accounting for negative adjustments in monthly data after
original figures have been published.
CONSTRUCTION CONTRACTS, BY FEDERAL RESERVE DISTRICTS
[Figures as reported by the F. W. Dodge Corporation.
Value of contracts, in millions of dollars]
Federal Reserve district
Month
All
districts
Boston
New
York
Philadelphia
Cleveland
Rich-
Atlanta Chicago
St.
Louis
Minneapolis
Kansas
City
Dallas
San
Fran-
1958—July
Aug
Sept
3.607
3,467
3,216
176
174
173
398
494
518
127
151
143
342
260
223
311
275
265
335
366
317
453
411
457
140
148
131
122
165
133
246
198
161
293
267
201
665
557
493
1959—July
3,657
3.084
3,058
151
152
133
438
368
328
137
132
128
322
244
257
268
199
233
422
353
377
499
423
441
181
122
121
159
124
116
214
180
191
224
192
195
641
595
536
AUK
Sept
PERMANENT NONFARM DWELLING UNITS STARTED
[Bureau of Labor Statistics estimates.*
Total
private
(seasonally
adjusted
annual rate)
Year or month
Total
,091
,127
104
,220
Metropolitan
areas
Nonmetropolitan
areas
Government-underwritten*
Total
1fatnily
2_
family
892
939
933
1.077
1 190
981
840
40
46
42
88
84
94
34
33
90
87
Multifamily
Public
Total
FHA
412
421
409
264
280
252
VA
827
382
39
170
68
429
327
102
1958—Oct
Nov
.303
427
,432
115
109
91
79
74
64
36
36
27
113
107
90
94
85
70
4
4
3
15
18
16
2
2
2
54
40
38
39
29
29
15
11
9
1959—Jan
Feb
Mar
Apr
May
June
July
Aug
Sept
Oct
,364
,403
,403
,434
,370
.368
375
,340
,325
.180
87
95
121
142
137
137
129
129
^120
P105
62
62
81
97
94
93
88
86
84
75
25
33
40
45
43
44
41
43
37
31
84
94
118
137
134
131
127
125
64
75
93
109
107
110
105
104
n.a.
n.a.
3
3
5
5
5
5
4
4
n.a.
n.a.
17
15
20
24
21
16
18
17
n.a.
n.a.
3
1
3
5
4
6
2
4
29
28
41
46
47
47
43
43
41
36
22
22
7
6
10
Dec
.. .
V
V
315
332
300
Private
1,020
1,069
1 068
1,202
1 310
1,094
993
1,142
1951
1952
1953
1954
1955
1956
1957
1958
111
795
804
In thousands of units]
329
897
976
324
353
,118
042
.209
780
700
338
342
v Preliminary.
n.a. Not available.
*1 Beginning June 1959 data are from the Bureau of the Census.
Data from Federal Housing Administration and Veterans' Administration represent units started under commitments of FHA or VA to in-
n\i
^102
933
71
59
36
149
141
157
583
670
82
120
19
19
276
277
31
33
24
49
463
313
192
185
271
128
v\
3?
35
36
36
32
33
31
27
307
393
10
11
10
10
9
sure or guarantee the mortgages. VA figures after June 1950 and all FHA
figures are based on filed office reports of first compliance inspections;
earlier VA figures are estimates based on loans-closed information,
1408
EMPLOYMENT
LABOR FORCE, EMPLOYMENT, AND UNEMPLOYMENT
[Bureau of the Census estimates, without seasonal adjustment.
In thousands of persons unless otherwise indicated]
Civilian labor force
Total noninstitutional
population
Year or month
Total
labor
force
Employed 1
Total
Total
In nonagricultural
industries
In
agriculture
Unemployed
Not in the
labor force
Unemployment
rate
(per cent) 2
1951
1952
1953
1954
1955
1956
19573
1958
111,924
113,119
115,095
116,220
117,388
118,734
120,445
121,950
65,832
66,410
67,362
67,818
68,896
70,387
70,746
71,284
62,884
62,966
63,815
64,468
65,848
67,530
67,946
68,647
61,005
61,293
62,213
61,238
63,193
64,979
65,011
63,966
53,951
54,488
55,651
54,734
56,464
58,394
58,789
58,122
7,054
6,805
6,562
6,504
6,730
6,585
6,222
5,844
1,879
1,673
1,602
3,230
2,654
2,551
2,936
4,681
46,092
46,710
47 732
48,402
48,492
48,348
49,699
50,666
3.0
2.7
2.5
5.0
4.0
3.8
4.3
1958 Oct
Nov
Dec
1959 Jan
Feb
Mar
Apr
May
June
July
Aug
Sept
Oct
122,361
122,486
122,609
122,724
122,832
122,945
123,059
123,180
123,296
123,422
123,549
123,659
123,785
71,743
71,112
70,701
70,027
70,062
70,768
71,210
71,955
73,862
73,875
73,204
72,109
72,629
69,111
68,485
68,081
67,430
67,471
68,189
68,639
69,405
71,324
71,338
70,667
69,577
70,103
65,306
64,653
63,973
62,706
62,722
63,828
65,012
66,016
67,342
67,594
67,241
66,347
66,831
58,902
58,958
59,102
58,013
58,030
58,625
59,163
59,608
60,111
60,769
60,884
60,105
60,707
6,404
5,695
4,871
4,693
4,692
5,203
5,848
6,408
7,231
6,825
6,357
6,242
6,124
3,805
3,833
4,108
50 618
51,374
51,909
52,697
52,770
52,177
51,849
51,225
49 435
49,547
50 345
51,550
51,155
71
.......
1
2
Includes self-employed, unpaid family, and domestic service workers.
Per cent of civilian labor force. Monthly data are seasonally
adjusted.
3 Beginning with 1957 persons waiting to start new wage and salary jobs
and those on temporary layoff, previously considered as employed (with
a job but not at work), are classified as unemployed, and a small group in
4,724
4,749
4,362
3,627
3,389
3 982
3,744
3,426
3,230
3,272
6.8
5.9
6.1
6 0
6.1
5.8
5.3
4.9
4 9
5.1
5 5
5 6
6.0
school and waiting to start new jobs (previously included as employed)
are classified as not in the labor force.
NOTE.—Information relating to persons 14 years of age and over is
obtained through interviews of households on a sample basis. Monthly
data relate to the calendar week that contains the 12th day; annual data
are averages of monthly figures.
EMPLOYMENT IN NONAGRICULTURAL ESTABLISHMENTS, BY INDUSTRY DIVISION
[Bureau of Labor Statistics. In thousands of persons]
Year or month
1951
1952
1953
1954
1955
1956
1957
1958
Total
Manufacturing
Mining
47,347
48,303
49,681
48,431
50,056
51,766
52,162
50,543
16,104
16,334
17,238
15,995
16,563
16,903
16,782
15,468
916
885
852
111
111
807
809
721
50,582
50,877
50,844
51,086
51,194
51,456
51,887
52,125
52,407
52,558
52,023
52,169
52,006
15,358
15,693
15,701
15,764
15 819
16,006
16 182
16,372
16,527
16,580
16,037
16,151
15,993
708
708
51,136
51,432
51,935
50,310
50,315
50,878
51,430
51,982
52,580
52,343
52,066
52,660
52,573
15,536
15,795
15,749
15,674
15,771
15,969
16,034
16,187
16,455
16,410
16,169
16,375
16,168
Transportation and
public
utilities
Trade
Finance
Service
2,603
2,634
2,622
2,593
2,759
2,929
2 808
2,648
4,166
4,185
4,221
4,009
4,062
4,161
4 151
3,903
10,012
10,281
10,527
10,520
10,846
11,221
11,302
11,141
1,892
1,967
2,038
2,122
2,219
2,308
2 348
2,374
5 264
5,411
5,538
5 664
5,916
6 160
6 336
6,395
6 389
6 609
6 645
6 751
6'914
7 277
7 626
7 893
2,698
2 690
2,550
2,650
2 626
2,719
2 829
2,787
2,799
2 800
2,814
2,776
2 752
3,887
3 875
3,859
3,894
3 880
3,885
3 886
3,917
3,928
3 920
3,893
3,894
3 893
11,154
11,119
11,143
11,216
11 279
11,263
11 333
11,363
11,425
11,465
11,529
11,469
11,500
2,392
2,386
2,385
2,387
2 395
2,398
2 403
2,413
2,418
2,426
2,437
2,457
2,457
6 399
6 426
6,448
6,443
6 462
6,441
6 479
6 486
6,525
6 570
6,549
6,577
6 536
7 986
7 980
8,049
8,028
8 040
8,056
8 074
8 079
8,076
8 083
8,131
8,230
8 263
2,887
2 784
2,486
2,343
2,256
2,417
2 662
2,834
2,986
3,035
3,107
3,042
2,950
3,897
3 885
3,881
3,836
3,835
3,865
3 879
3,914
3,944
3,949
3,922
3,922
3,903
11,225
11 382
11,976
11,052
10,990
11,083
11 136
11,234
11,352
11,324
11,360
11,469
11,573
2,380
2 374
2,373
2,363
2,371
2,386
2 403
2,413
2,442
2,475
2,474
2 457
2,445
6,463
6 426
6 384
6,314
6 333
6,377
6 511
6'583
6,623
6,603
6,582
6 610
6,601
8,040
8 074
8 373
8,024
8 066
8,093
8 111
8 116
8,065
7 837
7,813
8 167
8,321
Contract
construction
Federal
State and
local
government
SEASONALLY ADJUSTED
1958—Oct
Nov
Dec
1959 j a n
Feb
Mar
Apr
May
June
July
.
. . . .
Aug
Sept
Oct
709
704
693
688
701
708
709
714
633
615
612
WITHOUT SEASONAL ADJUSTMENT
1958
Oct
Nov
Dec
1959 Jan
Feb
Mar
Apr
May
June
July
Auc
Sept
Oct
.
708
712
713
704
693
688
694
701
713
710
639
618
612
NOTE.—Data include all full- and part-time employees who worked
during, or received pay for, the pay period ending nearest the 15th of the
month. Proprietors, self-employed persons, domestic servants, unpaid
family workers, and members of the armed forces are excluded. Figures
for September and October 1959 are preliminary. Back data may b«
obtained from the Bureau of Labor Statistics.
1409
EMPLOYMENT AND EARNINGS
PRODUCTION WORKER EMPLOYMENT IN MANUFACTURING INDUSTRIES
[Bureau of Labor Statistics. In thousands of persons]
Seasonally adjusted
Industry group
1958
Total
Without seasonal adjustment
1959
1958
1959
Oct.
Aug.
Sept.
Oct.
Oct.
Aug.
Sept.
Oct.
11,551
12,052
12,169
12,017
11,721
12,173
12,387
12,191
Durable goods
Ordnance and accessories
Lumber and wood products
Furniture and fixtures
Stone, clay, and glass products
Primary metal industries
Fabricated metal products
Machinery except electrical
Electrical machinery
Transportation equipment
Instruments and related products
Miscellaneous manufacturing industries.
6,385
67
577
307
416
899
787
1,026
739
992
206
369
6,717
71
604
329
463
631
823
1,167
867
1,132
227
403
6,846
74
603
326
461
609
841
1,200
892
1,204
230
406
6,729
74
598
322
448
583
805
1,177
892
1,201
231
398
6,421
67
594
313
422
899
791
1,005
746
992
207
386
6,679
71
628
324
468
628
815
1,138
850
1,132
224
401
6,855
74
624
328
468
609
841
1,170
892
1,204
230
416
6,768
74
616
328
455
583
809
1,153
901
1,201
232
416
Nondurable goods
Food and kindred products
Tobacco manufactures
Textile-mill products
Apparel and other finished textiles
,
Paper and allied products
Printing, publishing and allied industries
Chemicals and allied products
Products of petroleum and coal
Rubber products
Leather and leather products
5,166
1,026
78
863
1,035
443
546
512
153
193
317
5,335
1,035
81
896
1,081
452
564
540
148
206
332
5,323
1,007
81
894
1,084
452
568
537
152
212
336
5,288
995
80
883
1,082
452
562
537
152
211
334
5,300
1,115
94
863
1,051
447
551
517
153
195
315
5,494
1,176
90
887
1,103
454
558
532
151
204
339
5,532
1,168
98
890
1,106
459
568
540
154
213
336
5,423
1,081
96
883
1,098
457
568
542
152
213
332
NOTE.—Data covering production and related workers only (full- and
part-time) who worked during, or received pay for, the pay period ending
nearest the 15th of the month. Figures for September and October 1959
are preliminary. Back data may be obtained from the Bureau of Labor
Statistics.
HOURS AND EARNINGS OF PRODUCTION WORKERS IN MANUFACTURING INDUSTRIES
[Bureau of Labor Statistics. In unit indicated]
Average weekly earnings
(dollars per week)
Industry group
1958
Oct.
1959
Aug.
Sept.
Average hours worked
(per week)
1958
Oct.
Oct.
1959
Aug.
Sept.
Average hourly earnings
(dollars per hour)
1958
Oct.
Oct.
1959
Aug.
Sept.
Oct.
85.17
88.70
89.47
89.06
39.8
40.5
40.3
40.3
2.14
2.19
2.22
2.21
Durable goods
Ordnance and accessories
Lumber and wood products
Furniture and fixtures
Stone, clay, and glass products
Primary metal industries
Fabricated metal products
Machinery except electrical
Electrical machinery
Transportation equipment
Instruments and related products....
Miscellaneous manufacturing industries...
91.83
103.00
80.15
73.39
86.51
106.59
93.02
94.41
85.79
102.00
89.28
74.56
95.88
103.38
82.61
76.31
92.35
104.81
99.01
102.34
89.91
108.14
93.48
76.76
96.05
105.22
82.01
75.58
92.06
106.67
99.19
102.91
90.54
108.13
93.89
76.95
96.29
105.37
81.81
76.49
90.58
105.86
98.06
104.17
91.21
108.80
94.35
77.33
40.1
41.2
41.1
41.0
41.0
38.9
40.8
39.5
39.9
40.0
40.4
40.3
40.8
40.7
41.1
41.7
41.6
39.7
41.6
41.1
40.5
40.2
41.0
40.4
40.7
41.1
40.6
41.3
41.1
40.1
41.5
41.0
40.6
39.9
41.0
40.5
40.8
41.0
40.7
41.8
40.8
40.1
41.2
41.5
40.9
40.0
41.2
40.7
2.29
2.50
1.95
1.79
2.11
2.74
2.28
2.39
2.15
2.55
2.21
1.85
2.35
2.54
2.01
1.83
2.22
2.64
2.38
2.49
2.22
2.69
2.28
1.90
2.36
2.56
2.02
1.83
2.24
2.66
2.39
2.51
2.23
2.71
2.29
1.90
2.36
2.57
2.01
1.83
2.22
2.64
2.38
2.51
2.23
2.72
2.29
1.90
Nondurable goods
Food and kindred products
Tabacco manufactures
Textile-mill products
Apparel and other finished textiles
Paper and allied products
Printing, publishing and allied industries..
Chemicals and allied products
Products of petroleum and coal
Rubber products
Leather and leather products
76.83
81.80
60.19
60.95
55.08
91.38
99.68
95.94
110.15
97.27
58.46
80.20
84.87
65.93
64.87
56.85
95.68
103.79
100.53
116.12
105.33
60.48
80.79
86.53
63.65
63.28
55.85
96.54
105.65
105.33
120.18
102.01
59.25
80.19
86.51
62.09
64.24
56.15
94.57
104.99
102.17
116.35
102.18
59.57
39.4
40.9
39.6
40.1
36.0
42.7
37.9
41.0
40.2
40.7
37.0
40.1
41.4
40.7
40.8
37.4
43.1
38.3
41.2
40.6
42.3
37.8
39.8
41.4
40.8
39.8
36.5
43.1
38.7
42.3
41.3
41.3
36.8
39.7
41.0
39.8
40.4
36.7
42.6
38.6
41.7
40.4
41.2
37.0
1.95
2.00
1.52
1.52
1.53
2.14
2.63
2.34
2.74
2.39
1.58
2.00
2.05
1.62
1.59
1.52
2.22
2.71
2.44
2.86
2.49
1.60
2.03
2.09
1.56
1.59
1.53
2.24
2.73
2.49
2.91
2.47
1.61
2.02
11
1.56
1.59
1.53
2.22
2.72
2.45
2.88
2.48
1.61
Total
NOTE.—Data are for production and related workers. Figures for
September and October 1959 are preliminary. Back data are available
from the Bureau of Labor Statistics.
1410
DEPARTMENT STORES
DEPARTMENT STORE SALES AND STOCKS, BY DISTRICTS
[Federal Reserve indexes, based on retail value figures.
1947-49 average= 100]
Federal Reserve district
Year or month
United
States
Boston
New
York
Philadelphia
Cleveland
Richmond
Atlanta
Chicago
St.
Louis
112
114
109
110
114
115
110
109
111
116
107
109
117
121
117
116
119
112
122
128
129
115
122
177
129
140
117
127
114
117
107
104
105
108
113
112
113
118
118
128
135
135
114
112
120
121
132
138
138
137
110
113
117
146
148
149
131
135
149
164
166
167
126
128
178
123
129
140
144
142
146
165
170
124
122
125
145
131
133
126
123
130
Minne- Kansas
Dallas
apolis
City
San
Francisco
SALES1
1951
1952
1953
1954
1955
1956
1957
136
123
120
129
132
112
120
127
136
149
158
159
159
122
132
141
140
142
148
144
149
162
159
166
140
141
I49
151
160
148
150
155
168
150
162
166
155
I55
153
154
126
122
122
120
124
127
125
131
132
133
25
28
25
33
^133
140
135
142
129
126
125
139
145
151
149
156
176
134
148
136
123
160
173
124
138
120
116
120
29
27
23
26
133
128
159
146
168
167
129
129
141
144
127
133
141
132
136
156
158
175
182
130
135
138
148
127
131
150
158
169
173
135
142
143
135
157
161
161
149
186
190
196
^180
133
140
139
132
140
146
154
146
139
134
r
139
136
154
154
163
176
174
189
167
173
197
305
129
129
154
228
143
144
161
250
135
142
150
^27
149
149
173
261
165
190
277
140
142
173
262
135
138
94
96
105
109
93
99
112
113
133
126
119
119
114
128
129
149
119
122
127
134
141
154
151
156
167
165
175
132
138
146
162
157
177
^173
130
120
138
144
135
107
'131
147
135
156
^156
130
120
131
125
135
148
149
121
127
172
128
128
125
SEASONALLY ADJUSTED
1958
1959
Sept
Oct
Nov
Dec
135
135
137
143
119
125
122
Jan
Feb
Mar
138
140
138
119
A nr
141
144
Mav
July
Aug
Sent
132
124
130
144
150
149
118
133
132
128
138
133
129
134
134
129
142
139
140
148
135
137
137
141
166
251
127
127
149
240
29
135
160
235
135
143
179
251
129
129
154
244
151
158
186
286
106
107
125
94
90
103
114
104
100
112
116
126
125
100
102
133
101
102
96
103
124
128
138
117
123
132
113
114
138
139
132
108
112
140
127
115
126
135
146
129
138
156
132
120
129
12?
135
148
154
154
132
115
129
r
161
161
162
154
r
WITHOUT SEASONAL ADJUSTMENT
1958
Sent
Oct
Dec
1959
Jan
Feb
130
141
Arjr
137
121
132
"144
June
July
Sept
124
118
95
103
2*131
123
134
130
124
138
146
I57
177
160
155
176
160
151
143
157
154
STOCKS^
1951
1952
1953
131
129
121
131
117
124
1954
1955
1956
1957
1958
128
136
148
152
148
126
132
141
138
136
127
115
120
117
119
130
138
136
125
122
H4
133
136
129
145
143
125
127
141
155
138
159
175
178
171
152
170
195
203
197
122
120
127
138
143
139
176
176
180
172
198
202
207
205
177
172
171
175
172
183
184
186
200
198
195
201
200
202
212
217
159
138
141
143
147
151
147
188
^221
157
147
112
137
130
113
123
124
130
142
140
146
137
145
146
143
140
136
136
137
142
141
140
134
137
141
144
141
138
142
140
149
138
136
142
139
146
141
152
164
160
153
135
179
143
140
153
168
174
137
131
140
135
142
156
158
155
165
SEASONALLY ADJUSTED
1958
Sent
Oct
Nov
150
152
153
150
141
142
142
139
M36
142
140
141
1959
Jan
Feb
Mar
Apr
May
June
July
152
150
137
139
148
151
136
151
156
159
160
2*161
Sent
138
138
141
138
137
138
136
142
147
147
141
142
145
148
144
r
\52
157
159
157
132
131
130
128
155
153
153
139
127
155
156
164
163
162
161
127
127
128
131
138
136
139
r
152
r
156
160
166
160
164
170
172
163
159
168
168
169
174
175
181
180
182
155
151
138
152
140
141
143
148
154
157
158
157
146
P\S2
r
159
159
160
157
160
161
163
166
167
170
170
^169
WITHOUT SEASONAL ADJUSTMENT
1958
1959
Sept
Oct
Nov
Dec
•
r
157
147
170
161
166
130
160
161
130
124
126
130
173
136
Jan
Feb
Mar
136
143
153
Aor
158
153
131
138
144
141
June
July
Aug
Sept
148
134
148
156
132
143
154
141
143
140
132
129
42
51
137
181
206
151
143
148
r
147
147
117
201
205
157
221
234
178
160
163
123
153
153
121
156
r
137
147
158
166
159
123
182
196
129
128
134
143
126
149
143
152
125
158
166
182
184
173
169
140
139
133
147
156
169
127
130
145
181
194
160
181
183
141
r
»1 Preliminary.
Revised.
Figures for sales are the average per trading day, while those for stocks
are as of the end of the month or averages of monthly data.
122
131
133
132
167
204
202
192
197
212
133
139
150
145
145
146
136
140
152
163
145
154
127
136
143
136
145
152
r
160
175
187
184
190
146
152
178
180
148
143
149
157
148
163
178
144
151
165
159
156
181
174
169
166
151
150
169
171
163
165
^164
182
^192
166
^176
159
r
174
166
NOTE.—For description of the series and for monthly indexes beginning
with 1947, see BULLETIN for December 1957, pp. 1323-52. Figures prior
to 1947 may be obtained from the Division of Research and Statistics.
1411
DEPARTMENT STORES; FOREIGN TRADE
DEPARTMENT STORE MERCHANDISING DATA
[Based on retail value figures]
Ratios to sales 4
Amounts (in millions of dollars)
Period
Sales i
(total
for
month)
Stocksi
(end
of
month)
Outstanding
orders*
(end of
month)
Receipts 2
(total
for
month)
New
orders 3
(total
for
month)
Stocks
401
379
401
401
412
44^
458
458
463
2.8
3.2
2.9
3.0
3.0
2.9
3.0
3.1
3.0
1-4
L.3
580
615
506
3.1
3.0
2.9
1.2
1.1
0 9
Outstanding
orders
Stocks
plus
outstanding
orders
Receipts
Annual average:
1950
1951
1952
1953
1954
1955
1956
1957
1958
376
391
397
406
409
437
454
459
462
1.012
,202
1,097
1,163
1,140
1,195
1.286
1,338
1,320
495
460
435
421
388
446
470
461
436
391
390
397
408
410
444
459
461
461
451
502
538
1,394
1,516
1,567
1,231
'552
545
462
'568
623
589
332
575
445
1.4
0.4
1,217
1,278
1,360
1,404
1,365
1 299
1,304
1,380
1,484
412
449
422
388
365
403
516
475
445
440
489
441
3.2
3.7
3.1
3.3
1.1
1.3
1.0
0 9
414
380
394
444
565
455
0.9
503
576
3.0
2.9
3.4
470
572
3.2
3.1
1.5
1.3
L 2
L.I
L.O
L.I
L.I
1
1.0
4
4
4
4
4
2
4
1
1
0
1 1
1.0
4 1
4 1
4 1
1 0
1 0
1.0
1.0
1.0
1 0
1 0
4.3
4.1
3 8
1 7
1.3
1.2
1 1
0.6
4.3
5 0
4.1
4 2
3 9
4 3
5 1
4.7
4.5
1.0
1 2
1.2
1 l
0 9
0 9
1 0
1.2
1.2
4.0
Month:
1958
Sent
Oct
Nov
Dec
1959
Jan
Feb
Mar .
Apr
May
June
July
Aug v
Sept
.
...
911
379
342
434
431
453
446
389
..
.
427
472
33
Preliminary.
1
r
Revised.
These figures are not estimates for all department stores in the United
States. They are the actual dollar amounts reported by a group of department stores located in various cities throughout the country. In 1958,
sales by these stores accounted for about 45 per cent of estimated total
department
store sales.
2
Derived from the reported figures on sales and stocks.
418
603
664
631
627
r
1 4
1.7
3 Derived from receipts and reported figures on outstanding orders.
4
The first three ratios are of stocks and/or orders at the end of the
month to sales during the month. The final ratio is based on totals of
sales and receipts for the month.
NOTE.—For description and monthly figures for back years, see BULLETIN for October 1952, pp. 1098-1102.
MERCHANDISE EXPORTS AND IMPORTS
[Bureau of the Census. In millions of dollars]
Merchandise exports *
Merchandise exports excluding
military-aid shipments 2
Merchandise imports 3
Period
Jan
Feb
Mar
Apr
June
July
Sept
Oct
Nov
Dec
Jan.-Sept
1
1957
1958
1959
1957
1958
1959
1957
1958
1959
1,681
1,616
2,154
1,866
1,817
1,790
1,697
1,681
1,544
1 680
1,688
1,636
1,505
1,345
1.553
1,530
1,638
1,406
L,416
1,396
1,361
1,599
1,596
1,400
1,280
1,456
1,468
1,552
1,426
1,469
1,397
1,479
1.584
1,495
2,024
1,783
1,715
1,656
1,510
1,540
1,441
1,606
1,601
.541
1,396
1,245
1,438
1,408
1,507
1,308
1,287
1,283
1,239
1,418
1,408
1,379
1.286
1,184
,375
1,343
1,411
1,348
,354
1,300
L.399
1,115
1,096
1,154
1.118
1,301
,221
1,264
,369
1,248
1,190
1.392
15,846
13,150
12,927
14,748
12,111
12,000
Exports of domestic and foreign merchandise.
2 Department of Defense shipments of grant-aid military equipment
and supplies under Mutual Security Program.
993
956
1,133
1,119
1,106
1,072
1,057
1,061
1,031
1,049
986
1,148
1,043
1,007
1,148
1,043
1,142
9,650
950
1,074
1 142
1,089
1,253
9,346
11,257
3 General imports including imports for immediate consumption plus
entries into bonded warehouses.
1412
PRICES
CONSUMER PRICES
[Bureau of Labor Statistics index for city wage-earner and clerical-worker families.
1947-49= 100]
Housing
Year or month
1929
1933
1941
1945
.
. . .
1951
1952
1953
1954
1955
1956
1957
1958
1958
Sept
Oct
Nov
Dec
1959 Jan
Feb
Mar
Apr
May
June
July
Aug
Sept
.
Transportation
Medical
care
Personal
care
Read- Other
ing
goods
and
and
recrea- servtion
ices
106.9
105.8
104.8
104.3
103.7
105.5
106.9
107.0
118.4
126.2
129.7
128.0
126.4
128.7
136.0
140.5
111.1
117.3
121.3
125.2
128.0
132.6
138.0
144.4
110.5
111.8
112.8
113.4
115.3
120.0
124.4
128.6
106.5
107.0
108.0
107.1
106.6
108.1
112.2
116.7
109.7
115 4
118.2
120.1
120.2
122.0
125.5
127.2
132.2
132.4
132.6
132.8
107.1
107.3
107.7
107.5
141.3
142.7
144.5
144.3
146.1
146.7
147 0
147.3
128.7
128.8
129.1
129.0
116 6
116.6
117 0
116.9
127 1
127.2
127 2
127 3
133.1
133.1
133.7
133.8
133.8
133.9
134.3
134.6
135.2
106.7
106.7
107.0
107.0
107.3
107.3
107.5
108.0
109.0
144.1
144 3
144.9
145.3
145.4
145.9
146.3
146.7
146.4
147.6
148 6
149.2
149.6
150.2
150.6
151.0
151 .4
152.2
129.4
129 8
129.7
130.0
130.7
131.1
131.3
131.7
132.1
117.0
117 1
117.3
117.7
117 8
118.1
119 1
119.1
119.6
127.3
127 4
127 3
128.2
128 4
129.2
130 8
131.1
131.5
All
items
Foods
73 3
55.3
62.9
76 9
65 6
41 6
52.2
68 9
111.0
113.5
114.4
114.8
114.5
116.2
120.2
123.5
112.6
114.6
112.8
112.6
110.9
111.7
115.4
120.3
112.4
114.6
117.7
119.1
120.0
121.7
125.6
127.7
113.1
117.9
124.1
128.5
130.3
132.7
135.2
137.7
103.1
104.5
106.6
107.9
110.7
111.8
113.0
117.0
116.4
118.7
123.9
123.5
125.2
130.7
137.4
134.9
111.2
108.5
107.9
106.1
104.1
103.0
104.6
103.9
109.0
111.8
115.3
117.4
119.1
122.9
127.5
131.4
123.7
123.7
123.9
123.7
120.3
119.7
119.4
118.7
127.9
127.9
128.0
128.2
138.2
138.3
138.4
138.7
118.0
118.1
118.1
118.2
135.2
135.6
135.8
137.0
103.6
103.4
103.5
103.6
123.8
123.7
123.7
123.9
124.0
124.5
124.9
124.8
125.2
119.0
118.2
117.7
117.6
117.7
118.9
119.4
118.3
118.7
128.2
128.5
128.7
128.7
128.8
128.9
129.0
129.3
129.7
138.8
139.0
139.1
139.3
139.3
139.5
139.6
139.8
140.0
118.2
118.5
118.5
118.2
118.7
119.3
119.5
120.1
121.6
138.9
140.0
140.3
138.7
135.3
133.9
134.0
133.9
135.0
103.2
103.8
103.8
103.8
103.7
104.1
104.0
103.6
104.0
Total
Rent
Gas
and
electricity
Apparel
Solid House- Household
fuels
furand
nish- operation
fuel oil ings
60 3
45.9
55.6
76 3
117 4
83.6
88.4
90 9
NOTE.—Revised index, reflecting, beginning with January 1953, the inclusion of new series (i.e. home purchases and used automobiles) and re-
vised weights. Prior to January 1953, indexes are based on the "interim
adjusted" and "old" indexes, converted to the base 1947-49= 100.
WHOLESALE PRICES, BY GROUPS OF COMMODITIES
[Bureau of Labor Statistics index.
1947-49= 100]
Other commodities
Year or
month
All
com- Farm
modi- products
ties
Textile
products
and
apparel
Ma- FurniToChem- Rub- Lum- Pulp, Metals chin- ture Nonme- bacco
icals
ber
ery
and
paper,
ber
and
tallic
mfrs.
Misand
and
and other min- and
and
and wood
cellaallied prodmo- house- erals—
allied metal
prodbottled
neous
prod- ucts prod- prod- ucts
tive
hold
bevucts
ucts
prod- dura- strucucts
ucts
bles tural erages
Hides,
skins,
and
leather
products
Fuel,
power,
and
lighting
materials
106.7
106.6
109.5
108.1
107.9
111.2
117.2
112.7
110.0
104.5
105.7
107.0
106.6
107.2
109.5
110.4
93.3 100.2 114.1
93.2 101.4 113.0
93.1 102.3 112.6
93.3 103.6 112.9
109.9
110.2
110.2
110.0
110.3
110.7
114.3
117.6
119.2
113.4
107.0
97.0
95.6
89.6
88.4
90.9
94.9
111.4
108.8
104.6
105.3
101.7
101.7
105.6
110.9
115.9 110.6 120.3
113.2 99.8 97.2
114.0 97.3 98.5
114.5 95.2 94.2
117.0 95.3 93.8
122.2 95.3 99.3
125.6 95.4 99.4
126.0 93.5 100.6
119.1
119.0
119.2
119.2
93.1
92.3
92.1
90.6
111.1
110.0
109.5
108.8
126.2
126.4
126.8
127.2
119.5
119.5
119.6
120.0
119.9
119.7
119.5
119.1
119.6
91.5
91.1
90.8
92.4
90.8
89.8
88.4
r
87.1
88.9
108.7
107.6
107.2
107.2
107.7
108.1
107.5
105.8
107.8
127.5
127.8
128.1
128.3
128.4
128.2
128.4
128.4
128.4
114.8
111.6
110.1
1951
1952
1953
1954
1955
1956
1957
1958
Processed Total
foods
1958
Sept
Oct
Nov
Dec
148.0
134.0
125.0
126.9
143.8
145.8
145.2
145.0
123.9
120.3
120.2
118.0
123.6
125.4
119.0
in.7
119.6
116.5
116.1
116.3
119.3
127.2
129.6
131.0
122.8
123.0
126.9
128.0
136.6
148.4
151.2
150.4
119 0
121.5
123.0
124.6
128.4
137.8
146.1
149.8
114 1
112.0
114.2
115.4
115.9
119 1
122.2
123 2
113 6
113.6
118.2
120.9
124.2
129 6
134.6
136 0
108 1 104 9
110.6 108.3
115 7 97 8
120.6 102.5
121.6 92.0
122 3 91 0
126.1 89.6
128 2 94 2
145.4
146.1
146.6
146.3
120.4
120.8
120.0
119.8
131.7
131.9
131.9
131.3
151.3
152.2
153.0
153.0
149.4
149 9
151.2
151.5
123.0
P3 0
122 7
122.8
136.7
136 7
136 7
136.9
128.0 92.5
128 8 91 2
128 7 93 2
128.6 100.9
146.0
146.1
146.7
147.5
148.8
147.3
r
146.4
M41.1
142.2
120.5
122.5
124.2
126.3
128.2
128.9
128.3
128 5
127.2
131.5
131.7
132.0
132.2
132.0
132.3
132.4
132 3
132.4
152.9
153.4
153.6
152.8
153 0
153.3
152.7
152 8
153.7
151 8
152.0
152.2
152.1
152 5
153 0
153.6
153 8
153.9
123 3
123.3
123.5
123 4
123 5
123 6
123 8
r
123 5
123.5
137 2
137.5
137.7
138 3
138 4
137 4
137 5
137 4
137.4
128 6 100 8
128.9 98.5
132.1 97.0
132 2 98 8
132 2 95 2
132 2 91 0
134 5 92 9
134 5 92 0
134.5 88.6
r
1959
Jan
Feb
Mar
Apr
May
June
July
Aug
Sept
r
Revised.
. . .
93.3
93.7
93.9
94.1
94.5
94.9
95.3
r
95.7
95.9
104.1
105.4
108.5
117.8
118.5
118.9
119.3
M19.7
1 19.0
113.9
114.8
115.0
114.0
113.4
111.2
110.2
109.9
109.8
110.0
110.0
110.0
109.9
ill.2
109.7
111.9 109.9
1413
PRICES
WHOLESALE PRICES, BY GROUPS OF COMMODITIES—Continued
[Bureau of Labor Statistics index, 1947-49= 100]
1958
1958
1959
Subgroup
Sept.
July
Aug.
97.9
76.1
91.5
101.1
95.8
98.6
72.2
137.3
98.5
78.2
84.8
100.0
92.2
65.4
74.9
132.2
92.8
77.7
83.1
95.7
r
94.4
66.8
73.1
132.1
117.8
107.1
113.7
111.4
116.5
161.2
96.7
119.5
99.3
113.9
110.6
115.2
145.2
96.1
119.5
94.8
114.7
-107.6
115.5
145.2
96.6
Pulp, Paper, and Allied Products
(Cont.):
103.1
Paperboard
76.2
Converted paper and paperboard...
82.1
Building paper and board
95.6
96.0
85.4 Metals and Metal Products:
72.9
Iron and steel
133.4
Nonferrous metals
Metal containers
,
Hardware
Plumbing equipment
,
119.5
99.8
Heating equipment
116.2
Fabricated structural metal products
106.9
Fabricated
nonstructural
metal
116.4
products
145.2
96.9 Machinery and Motive Products:
87.9
99.6
79.7
115.8
99.3
75.3
91.9
103.3
82.2
113.4
99.9
75.5
92.1
'104.3
82.3
113.7
100.4
75.2
92.4
104.7
82.1
113.2
100.6
77.3
59.0
91.3
121.9
96.7
107.7
118.7
130.6
113.9
106.9
117.3
132.3
114.0
122.7
161.9
104.1
100.8
119.7
121.1
170.4
105.8
100.8
114.8
122.0
170.4
109.2
100.6
116.2
102.4
117.1 Furniture and Other Household Dura132.3
bles:
113.5
Household furniture
Commercial furniture
Floor covering
Household appliances
122.9
Television, radios, phonographs....
170.4
Other household durable goods
112.8
100.8
115.1 Nonmetallic Minerals—Structural
122.7
128.2
102.9
94.4
61.7
109.7
104.3
106.8
123.9
128.3
101.3
93.5
55.3
108.8
107.4
106.6
123.7
128.3
101.5
93.4
53.8
109.2
104.8
106.7
Flat glass
Concrete ingredients
Concrete products
123.8
Structural clay products
128.3
Gypsum products
102.1
Prepared asphalt roofing....
93.5
Other nonmetallic minerals.
55.0
109.4
105.2 Tobacco Manufactures and Bottled
106.9
Beverages:
135.7
152.8
142.2
149.3
150.0
141.6
154.7
134.3
141.4
158.8
134.3
142.2
121.0
127.6
102.0
129.9
137.7
102.4
130.3
138.6
100.9
129.3
138.7
96.6
121.2
106.4
141.8
121.2
115.9
143.6
121.2
115.9
143.7
121.2
118.0
143.8
Farm Products:
Fresh and dried produce
Grains
Livestock and poultry
Plant and animal fibers
Fluid milk
Eggs
Hay and seeds
Other farm products
Processed Foods:
Cereal and bakery products
Meats, poultry, and fish
Dairy products and ice cream
Canned, frozen fruits, and vegetables
Sugar and confectionery
Packaged beverage materials
Other processed foods
Sept.
Textile Products and Apparel:
Cotton products
Wool products
Synthetic textiles
Silk products
Apparel
Other textile products
Hides, Skins, and Leather Products:
Hides and skins
Leather
Footwear
Other leather products
Fuel, Power, and Lighting Materials :
Coal
Coke
Gas fuels (Jan. 1958= 100)
Electric power (Jan. 1958= 100). . . .
Petroleum and products
Chemicals and Allied Products:
Industrial chemicals
Prepared paint
Paint materials
Drugs, Pharmaceuticals, cosmetics. .
Fats and oils, inedible
Mixed fertilizers
Fertilizer materials
Other chemicals and products
Rubber and Products :
Crude rubber
Tires and tubes
Other rubber products
,
Lumber and Wood Products :
Lumber
Millwork
Plywood
r
Revised.
Agricultural machinery and equipment
,
Construction machinery and equipment
Metal working machinery
General purpose machinery and
equipment
,
Miscellaneous machinery
Electrical machinery and equipment
Motor vehicles
,
Cigarettes
Cigars
Other tobacco products.
Alcoholic beverages
Nonalcoholic beverages.
Sept.
July
Aug.
Sept
136.5
127.9
143.4
135.9
127.6
147.3
135.9
127.4
"147.6
135.9
127.4
147.6
171.8
127.3
156.1
172.0
123.7
121.5
133.1
171.8
133.8
152.9
173.0
130.9
121.7
132.3
171.9
133.9
152.9
172.9
131.0
121.6
132.3
172.4
136.0
152.9
172.9
131.0
121.3
134.2
145.4
145.3
145.1
145.1
138.9
143.4
143.4
143.4
166.0
169.3
172.0
173.8
172.2
175.8
172.4
176.3
159.3
147.4
165.9
149.5
166.2
149.6
166.5
149.7
152.7
139.0
156.1
143.2
155.8
143.2
155.8
143.2
122.8
155.0
126.2
104.0
94.9
154.9
124.2
155.3
128.6
104.4
94.3
156.8
124.2
155.3
128.6
104.4
'93.3
156.4
124.2
155.5
128.9
104.4
92.7
156.6
135.0
139.1
127.9
158.2
133.1
118.5
131.2
135.3
140.4
129.9
160.6
133.1
111.9
132.5
135.3
140.4
129.7
160.5
133.1
111.9
132.5
135.3
140.3
130.1
160.5
133.1
110.8
132.5
134.8
106.6
139.7
120.1
149.3
134.8
106.6
153.7
126.8
171.1
134.8
106.6
153.7
126.8
171.1
134.8
106.6
153.7
126.8
171.1
118.6
71.4
97.5
107.7
132.4
117.5
72.2
97.5
108.1
131.9
117.7
70.6
r
96.3
108.3
132.0
117.7
64.5
96.3
108.3
132.0
Miscellaneous:
Pulp, Paper, and Allied Products:
Woodpulp
Wastepaper
Paper
1959
Subgroup
Toys, sporting goods, small arms. .
Manufactured animal feeds
Notions and accessories
Jewelry, watches, photo equipment.
Other miscellaneous
1414
NATIONAL PRODUCT AND INCOME
GROSS NATIONAL PRODUCT OR EXPENDITURE
[Department of Commerce estimates. In billions of dollars]
Seasonally adjusted annual rates
by quarters
Annual totals
Item
1958
Gross national product
1929
1933
104.4
56.0 125.8 284.6
46.4 81.9 195.0
9.7 30.4
3.5
22.3 43.2 99.8
20.7 29.0 64.9
1.4 18.1 50.0
6.6 24.2
1.4
3.5 14.1
.5
3.1 10.1
1.0
6.9 18.9
1.6
4.5
6.8
-1.6
4.0
6.0
-1.4
2.2 21.1
.6
2.4
6.0 13.1
2.3
4.8 12.5
24.8 39.0
8.0
16.9 19.3
2.0
2.0 13.8 14.3
5.2
.0
.1
6.0 7.8 19.7
Personal consumption expenditures
Durable goods
Nondurable goods
Services
79.0
9.2
37.7
32.1
Gross private domestic investment
New construction*
Residential, nonfarm
Other
Producers' durable equipment.
Change in business inventories
Nonfarm only
16.2
8.7
3.6
5.1
5.9
1.7
1.8
Net exports of goods and services
Exports
Imports
2.8
7.0
6.3
Government purchases of goods and services
Federal
National defense3
Other
Less: Government sales4
State and local
Addendum: Gross national product in constant (1954) dollars
8.5
1.3
» 1.3
.0
7.2
1941
1950
1954
1955
1956
1957
1959
1958
363.1 397.5 419.2 442.5 441.7 444.0 457.1 470.2 484.5 478.6
238.0 256.9 269.9 284.8 293.0 294.4 299.1 303.9 311.2 313.3
32.4 39.6 38.5 40.3 37.6 37.
39.8 41.3 44.1 43.6
119.3 124.8 131.4 137.7 141.9 143. 143.6 145.3 147.7 148.0
86.3 92.5 100.0 106.7 113.4 114.2 115.7 117.4 119.4 121.6
48.9
29.7
15.4
14.3
20.8
-1.6
-2.1
63.8
34.9
18.7
16.2
23.1
5.8
5.5
67.4
35.5
17.7
17.8
27.2
4.7
5.1
66.6 54.9
36.1\ 55.5
17.0 18.0
19.0 17.7
28.5 22.9
2.0 - 3 . 8
1.2 - 4 . 9
1.0
17.5
16.5
1.1
19.4
18.3
2.9
23.1
20.2
4.9
26.2
21.3
75.3
47.5
41.2
6.7
.3
27.7
75.6
45.3
39.1
6.6
.4
30.3
79.0
45.7
40.4
5.7
.3
33.2
86.2
49.4
44.3
5.5
.4
36.8
77.5 67.0
41.0
41.0
23 A 22.6
17.9 18.3
26.0 27.0
10.4 - 1 . 0
9.8
54.2
35.4
18.0
17.4
22.2
-3.4
-4.5
61.3
37.3
19.9
17.4
23.2
.8
-.1
69.8
39.7
21.9
17.8
23.9
6.
5.4
1.2
22.6
21.3
1.6
23.1
21.5
.2
22.7
22.5
-.9
21.5
22.4
-1.8
22.1
23.9
.0
24.1
24.1
92.6
52.2
44.5
8.1
.5
40.5
93.8
53.1
44.5
8.9
.3
40.8
96.5
54.2
45.3
9.4
.6
42.2
97.4
53.8
45.8
8.3
.3
43.6
97.7
53.9
46.2
8.0
.3
43.8
98.4
53.6
45.9
8.1
.4
44.8
181.8 126.6 238.1 318.1 363.1 392.7 400.9 408.3 399.0 400.9 410.8 420.6 431.8 424.3
1 Includes expenditures for crude petroleum and natural gas drilling.
Net exports of goods and services and net foreign investment have
been equated, since foreign net transfers by government were negligible
during
the period 1929-45.
3
This category corresponds closely to the major national security
classification in the Budget of the United States Government for the fiscal
year ending June 30, 1960.
2
4
Consists of sales abroad and domestic sales of surplus consumption
goods and materials.
NOTE.—For explanation of series see U. S. Income and Output (a supplement to the Survey of Current Business for 1959) and the July 1959 issue
of the Survey of Current Business.
NATIONAL INCOME, BY DISTRIBUTIVE SHARES
[Department of Commerce estimates. In billions of dollars]
Seasonally adjusted annual rates
by quarters
Annual totals
Item
1958
1Q9Q
10il
10J.1
inrr
iosn
1959
1 Q^f\
3
4
1
2
3
National income
87.8
Compensation of employees
51.1
29.5
64.8 154.2 207.6 223.9 242.5 255.5 256.8 258.5 262.9 269.9 278.9 279.3
Wages and salaries i
Private
Military
Government civilian
50.4
45.5
.3
4.6
29.0
23.9
.3
4.9
62.1 146.4 196.3 210.9 227.6 238.5 239.4 241.1 245.1 250.9 259.4 259.5
51.9 124.1 161.9 174.9 189.6 198.4 196.2 197.1 200.8 206.2 214.0 213.5
1.9
5.0 10.0
9.8
9.7
9.6
9.7
10.0
9.9
9.8
9.8
9.8
17.3 24.4 26.2 28.4 30.5 33.5 34 0 34 4 34 8 35 6 36 3
8.3
.
Supplements to wages and salaries
Proprietors* income ^
Business and professional
Farm
.
.
.
Rental income of persons
Corporate profits and inventory valuation
adjustment
Profits before tax
Profits tax liability
Profits after tax
Inventory valuation adjustment
Net interest
40.2 104.7 241.9 301.8 330.2 350.8 366.5 366.2 369.5 380.4 389.4 403.9
.7
.5
2.7
7.8
11.3
13.0
14.9
17.0
17 4
17 5
17 8
19 0
19 6
19 8
14 8
5.6
17 4
37 5
40 4
42 1
43.7
44 5
46 6
46 8
47 4
46 9
46 6
45 1
Q Q
6.0
3.2
2.4
10.9
6.5
23.5
14.0
27.8
12 7
30.4
11 8
32.1
11.6
32.7
11.8
32.4
14 2
32.6
14 2
33.2
14 1
33.7
13 2
34.5
12 1
34.8
10 3
5.4
2.0
3.5
9 0
10 9
10 7
10.9
11 5
11 8
11 9
11 9
12 0
12 0
12 0
10.1
-2.0
14.5
35.7
33.7
43.1
42.0
41.7
36.7
38.0
43.5
45.5
51.0
9.6
1.4
8.3
.2
.5
-.4
77.0
7.6
9.4
40.6
17.9
22.8
34.1
17.2
16.8
44.9
21.8
23.0
44.7
21.2
23.5
43.3
21.1
22.2
37.1
18.2
18.9
38.3
18.8
19.5
44.6
21.9
22.7
46.5
22.6
23.8
52.6
25.6
27.0
.5
-2.1
-2.5
-5.0
-.3
-1.7
-2.7
-1.5
-.4
-.3
-1.1
-.9
-1.6
6.4
5.0
4.5
5.5
9.1
10.4
11.7
13.3
14.3
14.4
14.7
15.1
15.4
i Includes employee contributions to social insurance funds.
2
Includes noncorporate inventory valuation adjustment.
15.8
1415
NATIONAL PRODUCT AND INCOME
RELATION OF GROSS NATIONAL PRODUCT, NATIONAL INCOME, PERSONAL INCOME, AND SAVING
[Department of Commerce estimates.
In billions of dollars]
Seasonally adjusted annual rates
by quarters
Annual totals
Item
1959
1958
1929
1933
1941
1950
1954
1955
1956
1957
1958
56.0 125.8 284.6 363.1 397.5 419.2 442.5 441.7 444.0 457.1 470.2 484.5 478.6
,
104.4
Less: Capital consumption allowances
,
Indirect business tax and nontax liability
Business transfer payments
Statistical discrepancy
Plus: Subsidies less current surplus of government enterprises
8.6
7.2
9.0
19.1
28.8
32.0
34.4
36.9
37.9
38.0
38.5
39.3
39.9
40.5
7.0
.6
.3
7.1
.7
.9
11.3
.5
.4
23.7
.8
30.2
1.3
32.9
1.5
1.0
35.7
1.6
38.1
1.7
39.0
1.7
39.1
1.7
39.9
1.7
42.3
1.7
-.1
.0
.1
-2.4
.5
-2.1
-3.3
-2.4
40.7 41.7
1.7
1.7
.0 - 2 . 0
.9
1.1
1.0
1.0
1.0
Gross national product
87.8
Equals: National income
40.2 104.7
-.7
.9
.2
-.2
241.9 301.8
Less: Corporate profits and inventory valuation adjustment
Contributions for social insurance
Excess of wage accruals over disbursements
Plus: Government transfer payments
Net interest paid by government
Dividends
Business transfer payments
Less: Personal tax and nontax payments
10.1
.2
-2.0
.3
14.5
2.8
35.7
6.9
33.7
9.7
.0
.9
1.0
5.8
.6
.0
1.5
1.2
2.1
.0
2.6
1.3
4.5
.0
14.3
4.8
9.2
.0
15.0
5.4
9.8
1.3
.0
16.0
5.4
11.2
1.5
2.6
Federal
1.3
1.4
State and local
Equals: Disposable personal income
Less: Personal consumption expenditures....
Equals: Personal saving
Addendum: Disposable personal income
constant (1954) dollars
330.2
350.8 366.5 366.2 369.5 380.4
43.1 42.0 41.7 36.7 38.0 43.5
11.0 12.6 14.6 15.1 15.3 15.5
85.8
Equals: Personal income
.0
83.1
79.0
4.2
.7
.5
47.2
96.3
7.5
.5
1.0
3.3
2.0
1.3
.0
17.2
5.7
12.1
1.6
.0
20.0
6.2
12.5
1.7
13
25'.4
6.
12.6
1.7
.0
24.4
6.2
12.4
1.7
.0
25.1
6.1
12.0
1.7
389.4
.7
403.9
45.5
17.5
51.0
17.9
18.1
.0
24.7
6.3
12.8
1.7
.0
24.8
6.6
13.0
1.7
.0
24.8
7.0
13.4
1.7
228.5 289.8 310.2 332.9 350.6 359.0 363.4 366.3 371.8 381.1 381.0
20.8
32.9
35.7
40.0
42.7
42.6
42.9
43.4
44.4
45.8
45.9
18.2
2.6
29.2
3.8
31.5
4.2
35.2
4.8
37.4
5.4
36.7
5.8
37.
5.9
37.4
6.0
38.2
6.2
39.5
6.3
39.5
6.4
45.7
93.0 207.7 256.9 274.4 292.9 307.9 316.5 320.4 322.9 327.4 335.3 335.1
46.4
81.9 195.0 238.0 256.9 269.9 284.8 293.0 294.4 299.
-.6
11.1
12.6
18.9
17.5
23.0
23.1
23.5
26.0
23.7
303.9 311.2 313.3
23.5
24.1
21.9
134.9 102.1 175.1 231.0 256.9 273.4 286.9 292.9 295.2 299.2 300.4 304.3 310.7 308.9
PERSONAL INCOME
[Department of Commerce estimates.
In billions of dollars]
1958
Item*
1957
1958
Oct.
Nov.
1959
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept. r Oct. p
350.6 359.0 364.3 367.5 366.9 369.0 371.0 375.4 379.0 381.3 383.8 383.4 380.0 380.9 381.9
Total personal income.
Wage and salary disbursements
238.5 239.4 242.1 246.1 247.0 248.7 250.1 254.0 257.3 259. 261.7 261.5
259.
Commodity-producing industries. . 102.2 97.8 98.7 101.8 102.2 102.8 103.5 106.3 108.6 109.8 110.9 109.9 106.8 106.
76.9
80.9 81.7 83.8
85.4 86.7 87.7 86.9
80.6
76.7
79.7 80.6
84.0
Manufacturing only
63.4 63.8 64.1 64.7 64.7 65.6 66.0 66.6 66.9 67.5 68.0 68.4 68.3
Distributive industries
32.7 34.6 35.2 35.3 35.6 35.6 36.0 36.4 36.8 37.1 37.2 37.3 37.6 37.
Service industries
40.2 43.2 44.1 44.3 44.4 44.6 44.7 44.8 45.0 45.4 45.6 45.9 46.0 46.
Government
259.0
106.2
83.7
68.4
37.9
46.4
9.1
9.3
9.3
9.4
9.4
9.6
9.7
9.8
9.9
9.9
10.0
10.1
10.1
Proprietors' income:
Business and professional.
Farm
32.7
11.
32.4
14.2
33.2
14.2
33.1
14.1
33.4
14.2
33.5
13.5
33.7
13.2
34.0
12.9
34.3
12.2
34.5
12.0
34.7
12.1
34.9
11.4
34.9
10.0
34.8
9.6
34.9
10.0
12.0
Other labor income.
10.2
Rental income
11.5
11.
11.9
11.9
11.9
12.0
12.0
12.0
12.0
12.0
12.0
12.0
12.0
12.0
Dividends
12.5
12.4
12.6
12.6
10.8
12.7
12.8
12.8
12.9
13.0
13.1
13.2
13.4
13.5
13.5
Personal interest income.
19.5
20.4
20.7
20.8
21.0
21.1
21.3
21.6
21.8
22.0
22.2
22.4
22.7
23.0
23.3
21.7
26.
27.4
26.6
26.3
26.1
26.4
26.6
26.9
26.4
26.4
26.3
26.5
27.0
27.3
7.
7.1
7.1
8.1
8.1
8.2
8.3
8.3
8.4
8.4
8.4
8.4
8.4
Transfer payments2
Less: Personal contributions
social insurance
Nonagricultural income3
Agricultural income
r
for
6.7
7.0
335.2 341.1 346.3 349.6 348.8 351.6 353.8 358.5 362.7 365.3 367.8 368.2 366.3 367.5 368.0
15.3
17.9
18.1
18.0
18.1
Revised.
v Preliminary.
1 Monthly data are seasonally adjusted totals at annual rates.
Mainly social insurance benefits and veterans' payments.
3 Persenal income exclusive of net income of unincorporated farm
2
17.4
17.2
16.9
16.3
16.0
16.0
15.2
13.7
13.4
13.9
enterprises, farm wages, agricultural net interest, and net dividends paid
^ corporations.
NOTE.—For description of series see U. S. Income and Output, a supplement to the Survey of Current Business.
1416
CONSUMER CREDIT
REVISED ESTIMATES OF SHORT- AND INTERMEDIATE-TERM CONSUMER CREDIT, 1947-58
[Amounts outstanding at end of month for selected components, in millions of dollars]
End of month
Total
consumer
credit
Total Total
nonin- charge
stalment
credit
End of month
1947—Jan..
Feb..
Mar.
Apr.
May.
June.
July.
Aug.
Sept.
Oct..
Nov.
Dec.
8,299
8,302
8,585
2 8,940
9,334
9,573
9,670
9,842
10,117
10,463
10,844
11,598
4,008
3,894
3,972
4,086
4,251
4,276
4,214
4.225
4,351
4,485
4,579
4,903
1948—Jan..
Feb..
Mar.
Apr..
May.
June.
July.
Aug.
Sept.
Oct..
Nov.
Dec.
,467
,372
,734
.166
,529
,802
,956
,168
,498
.653
;
3;816
14,447
4,654
4,474
4,556
4,689
4,826
4,900
4,r •"
4,842
4,949
5,056
5,111
5,451
1949_j a n ..
Feb..
Mar.
Apr..
May.
June
July.
Aug.
Sept.
Oct..
Nov.
Dec.
14,002
13,702
13,796
14,190
14,583
14,880
14,989
15,292
15,695
16,086
16,489
17,364
5,110
4,847
4,822
4.985
5,074
5,094
4,993
5,002
5,134
5,239
5,354
5,774
1950—Jan..
Feb..
Mar.
Apr.,
May.
June.
17,017
16.846
17J09
17,569
18,198
18,785
5,418
5,177
5,221
5,433
5,664
5,755
,829 1950—July..
,661
Aug..
,697
Sept..
Oct...
^875
Nov..
,85
Dec.
,787
,778 1951—Jan...
,880
Feb..
,995
Mar..
Apr..
2,067
May.
2,381
June.
July..
2,118
Aug..
1,894
Sept..
1,937
Oct...
2,036
Nov..
2,12'
Dec.
2,176
2,132
2,119 1952—Jan
2.215
Feb
2,329
Mar
2.378
Apr
2,72:
May
June
2,380
July
2,103
Aug
2,068
Sept
2,212
Oct
2,266
Nov
2,272
Dec
2,169
2,170 1953—Jan...
2,278
Feb..
2,369
Mar..
2,451
Apr..
2,854
May.
June.
July..
2,509
Aug..
2,245
Sept..
Oct...
Nov..
Dec.
2,581
Feb.
Mar.
Component
Jan.
Total Total
Total noninconstal- charge
sumer ment
accredit credit counts i
Apr.
May
19,487
20,083
20,607
20,783
20,799
21,471
5,909
6,038
6,155
6,213
6,307
6,768
2,677
2,787
2,879
2,882
2,876
3,367
16'
82'
861
,823
029
,087
,893
,164
41
644
932
71
6,603
6,418
6,479
6,502
6,653
6,650
6,524
6,542
6,651
6,818
6,986
7,418
3,189
2,926
2,909
2,882
2,956
2,955
2,830
2,856
2,946
3,114
3,243
3,700
22,161 7,040
21,866 6,836
21,819 6,787
22,205 6,971
23,020 7,186
23,802 7,214
24,146 7,102
24,542 7,123
24,891 7,222
25,581 7,365
26,085 7,506
27,520 8,117
3,324
3,033
2,944
3,101
3,253
3,267
3,185
3,200
3,286
3,452
3,515
4,130
7,744
7,351
7,388
7,556
7,750
7,693
7,507
7,548
7,616
7,734
7.763
8,388
3,716
3,336
3,274
3,383
3,500
3,530
3,453
3,418
3,474
3,613
3,669
4,274
27,330
27,071
27,538
28,107
28,766
29,160
29,394
29,694
29,933
30,237
30,417
31,393
June
July
Aug.
Sept.
Oct.
Nov.
Dec,
1954
Total consumer credit
Total noninstalment credit
Total charge accounts *..
Service credit
30.550 29,888 29.554 29,838 30.090 30,352 30,431 30,461 30,595 30,813 31 ,103 32,464
7 ,912 7,523 7 .394 7 631 7; 822 7 ,851 7,773 7,721 7,792 7,932 8,120 8,896
3.787 3,396 3,257 3 449 3,527 3,561 3,514 3,468 3,526 3,640 3,785 4,485
1,987 2,019 2,011 2 024 2,010 1 ,984 1,979 1 ,963 1,950 1,933 1,944 2,003
1955
Total consumer credit
Total noninstalment credit
Total charge accounts *.
Service credit
31,938 31 .755 32,094 32 911 33,695 34,593 34,979 35.699 36,319 36,716 37.289 38,882
8,426 8,151 8.048 8 320 8,491 8,624 8,470 8 ,545 8,666 8,803 9 ,078 9,924
3.986 3.565 3,435 3; 664 3,759 3,796 3,719 3,744 3,831 3,961 4 .079 4.795
2,075 2 ,155 2,119 2 140 2,111 2,102 2,088 2,072 2,052 2,032 2,059 2,127
1956
Total consumer credit
Total instalment credit
Other consumer goods paper
Total financial institutions
Commercial banks
Other consumer goods paper
Total noninstalment credit
Single-payment loans
Commercial banks
Charge accounts*
Service credit
38,232
28,849
7.517
24,455
10,615
2,045
9,383
2,923
2.635
4,231
2,229
37,893
28,896
7,429
24,588
10,659
2,033
8,997
2,933
2,630
3,787
2,277
38,177
29,101
7,376
24,862
10,782
2,040
9,076
3.049
2,688
3.731
2,296
1
Includes amounts outstanding on service station and miscellaneous
credit-card accounts and home-heating-oil accounts.
38,646
29,424
7,434
25,191
10,985
2,101
9,222
3,087
2.731
3,796
2,339
39,306
29,779
7,518
25,503
11,139
2,134
9; 527
3,251
2,780
3.966
2,310
39,791
30,174
7,614
25,990
11,414
2,296
9,617
3,240
2,814
4,077
2,300
39,830
30,428
7,652
26,241
11,508
2,315
9,402
3,158
2,811
3,958
2,286
40,252
30,806
7,760
26,532
11,591
2,312
9,446
3,183
2,811
3,993
2,270
40,515
30,906
7,798
26,621
11,604
2,324
9,609
3,239
2,833
4,091
2,279
40,642
31,051
7,938
26,720
11,674
2,394
9,591
3,169
2,785
4.180
2,242
41,168
31,307
8,133
26,944
11,715
2,430
9,861
3,258
2,774
4,327
2,276
42,511
31,897
8,580
27,154
11,777
2,464
10,614
3,253
2,843
4,995
2,366
2
Includes increase of $10 million for personal instalment loans outstanding at credit unions.
For other notes, see pp. 1418-19.
1417
CONSUMER CREDIT
REVISED ESTIMATES OF SHORT- AND INTERMEDIATE-TERM CONSUMER CREDIT, 1947-58 (Continued)
[Amounts outstanding at end of month for selected components, in millions of dollars]
Component
Jan.
Feb.
Mar.
Apr.
May
July
Aug.
Sept.
Oct.
Nov.
Dec.
43,113
33,043
8,278
1,980
28,835
12,608
2,557
1,277
10,070
3.328
418
4,229
2,513
43.515
33,365
8,304
2,023
29,129
12,711
2,538
1,298
10,150
3,348
445
4,292
2,510
43,640
33,477
8,305
2,048
29,249
12,764
2,545
1,304
10,163
3,365
454
4,296
2,502
43,689
33,569
8,316
2,076
29,367
12,860
2,582
1,306
10,120
3,292
411
4,363
2,465
43,933
33,653
8,378
2,093
29,368
12,838
2,566
1,318
10,280
3,315
438
4,458
2,507
45,286
34,183
8,782
2,089
29,515
12,843
2,557
1,337
11,103
3,364
427
5,146
2,593
43,679
33,335
14,592
8,226
2,221
8,296
10,344
3,510
4,136
2,698
43,656
33,246
14,415
8,258
2,259
8,314
10,410
3.534
4,190
2,686
43.696
33,232
14,254
8,345
2,298
8,335
10,464
3,512
4,299
2,653
43,970
33,322
14,164
8,452
2,334
8,372
10,648
3,582
4,370
2,696
45,586
34,080
14,237
8,923
2,350
8,570
11,506
3,646
5.060
2,800
June
1957
Total consumer credit
Total instalment credit
Other consumer goods paper
Repair and modernization loans..
Total financial institutions
Commercial banks
Other consumer goods paper
"Other" financial institutions. .
Total noninstalment credit
Single-payment loans
Other financial institutions
Charge accounts i
Service credit
41,704
31,652
8,391
1,880
27,050
11,712
2,387
1,204
10,052
3,205
388
4,444
2,403
41,269
31,566
8,240
1,875
27,090
11,741
2,373
1,222
9,703
3,242
414
3,980
2,481
41,216
31,601
8,123
1,880
27,237
11,820
2,362
1,237
9,615
3,291
452
3,827
2,497
41,746
31,857
8,092
1,894
27,638
12,069
2,448
1,244
9,889
3,304
432
4,040
2,545
42,415
32,241
8,168
1,928
27,963
12,234
2,457
1,275
10,174
3,437
503
4.211
2,526
42,901
32,680
8,243
1,955
28,369
12,421
2,490
1,281
10,221
3,416
462
4,272
2,533
1958
Consumer credit, by major parts:
Total
Instalment credit, total
Automobile paper
Other consumer goods paper
Repair and modernization loans
Personal loans
Noninstalment credit, total
Single-payment loans
Charge accounts
Service credit
44,401
33,812
15,246
8,570
2,084
7,912
10,589
3,363
4,597
2,629
Instalment credit, by holder:
Total
Financial institutions, total
Commercial banks
Sales finance companies
Credit unions
Consumer finance companies
Other
Retail outlets, total 2
Department stores
Furniture stores
Household appliance stores
Automobile dealers
Other
33,812 33,384 33,062 33,019 33,051 33,158 33,238 33,335 33,246 33,232 33,322 34,080
29,277 29,030 28,790 28,887 28,884 28,974 29,138 29,223 28,855 28,779 28,780 29,097
12,749 12,562 12,456 12,579 12,612 12,676 12,776 12,834 12,633 12,645 12,660 12,780
9,464 9,405 9,284 9,200 9,129 9,105 9,121 9,083 8,891 8,777 8,708 8,740
2,401 2,403 2,410 2,452 2,477 2,509 2,544 2,578 2,591 2,615 2,630 2,668
384
3,321 3,307 3,287 3,292 3,277 3,283 3,292 3,294 3,280 3,273 3,280
525
1,342 1,353 1,353 1.364 1,389 1,401 1,405 1,434 1,460 1,469 1,502
983
4,535 4,354 4,272 4,132 4,167 4,184 4,100 4,112 4,391 4,453 4,542
1,381 1,326 1,343 1,241 1,278 1,310 1,241 1,251 1,543 1,586 1,644
1,163 1,125 1,082 1,064 1,058 1,052 1,045 1,054 1,047 1,056 1,070 1,128
292
349
340
331
320
314
307
301
297
295
291
290
506
479
479
477
479
482
487
493
497
496
495
498
1,163 1,084 1,039 1,028 1,035 1,028 1,020 1,013 1,010 1,025 1,040 1,175
Noninstalment credit:
Total
Single-payment loans
Commercial banks
Other financial institutions
Charge accounts
Department stores 2
Other retail outlets
Credit cards 1
Service credit
Instalment credit held by commercial banks,
by type of credit:
Total
Automobile paper:
Purchased
Direct
Other consumer goods paper
Repair and modernization loans
Personal loans
Instalment credit held by financial institutions
other than commercial banks and sales
finance companies, by type of credit:
Total
Automobile paper
Other consumer goods paper
Repair and modernization loans
Personal loans
43,484 42,970 43,121 43,433 43,577
33,384 33,062 33,019 33,051 33,158
15,052 14,826 14,733 14,663 14.650
8,332 8,224 8,153 8,175 8,191
2,071 2,066 2,079 2.119 2,145
7,929 7,946 8,054 8,094 8,172
10,100 9,908 10,102 10,382 10,419
3,375 3,374 3.370 3,460 3,508
4,024 3,827 3,999 4.204 4,202
2,701 2,707 2,733 2,718 2,709
10,589 10,100
9,908 10,102 10,382 10,419 10,257 10,344 10,410 10,464 10,648 11,506
2,909
454
2,908
467
2,904
470
2,926
444
2,972
488
3,045
463
3.022
429
3,042
468
3.034
500
3,054
458
3,087
495
3,156
490
725
3,544
328
2,629
601
3,111
312
2,701
573
2,945
309
2,707
580
3,108
311
2,733
584
3,313
307
2,718
575
3,304
323
2,709
533
3,242
339
2,692
546
3,230
360
2,698
600
3,228
362
2,686
623
3,329
347
2,653
669
3,364
337
2,696
907
3,808
345
2,800
12,749 12,562 12,456 12,579 12,612 12,676 12,776 12,834 12,633 12,645 12,660 12,780
4,097
2,218
2,502
1,569
2,363
4,053
2,199
2,394
1,553
2,363
3,997
2,191
2,350
1,544
2,374
3,991
2,203
2,401
1,550
2,434
3,990
2,205
2,387
1,571
2,459
4.000
2;213
2,380
1,589
2,494
4,017
2,216
2,404
1,608
2,531
4,033
2,207
2,410
1,635
2,549
4,008
2.182
2,221
1,659
2,563
3,990
2,161
2,232
1 ,688
2,574
3,988
2,151
2,240
1,708
2,573
4,014
2,170
2,269
1,715
2,612
7,064
1,089
608
495
4,872
7,063
1.084
599
498
4,882
7,050
1,081
587
503
4,879
7,108
1,092
584
509
4,923
7,143
1,098
583
528
4,934
7,193
1,106
582
536
4,969
7,241
1,115
585
545
4,996
7,306
1,125
589
563
5,029
7,331
1,128
591
580
5,032
7,357
1,131
595
591
5,040
7,412
1,132
597
607
5,076
7,577
1,143
610
616
5,208
1
Amounts outstanding on credit-card accounts (service station and
miscellaneous credit-card accounts and home-heating-oil accounts) not
shown separately in 1957.
43,495
33,238
14,636
8,188
2,174
8,240
10,257
3,451
4,114
2,692
2
Includes mail-order houses.
For other notes, see pp. 1418-19.
1418
CONSUMER CREDIT
REVISED ESTIMATES OF INSTALMENT CREDIT EXTENDED AND REPAID, BY TYPE OF CREDIT, 1956-58
[In millions of dollars]
Automobile
paper
Total
Other consumer
goods paper
Personal
loans
Repair and
modernization loans
Month
Extensions
Repayments
Change
in out- Extenstanding
sions
credit1
Repayments
Change
in out- Extenstanding sions
credit 1
Repayments
Change
in out- Extenstanding sions
credit 1
Repayments
Change
in out- Extenstanding sions
credit 1
Repayments
Change
in outstanding
credit 1
Seasonally adjusted*
1956
June.
July..
Aug..
Sept..
Oct..
Nov..
Dec.
Jan
Feb
Mar
Apr
May
June
July
Aug
Sept
Oct
Nov
Dec
Jan
Feb
Mar
Apr
May
June
July
Aug
Sept
Oct
Nov
Dec
1957
1958
3,227
3,292
3,402
3.294
3,388
3,521
3,462
3,073
3,147
3,117
3,185
3,178
3,198
3,246
+ 154
+ 145
+285
+ 109
+210
+ 323
+216
,217
1,232
1,264
1,230
1,298
1,353
1,334
,188
1,221
1,200
,217
1,260
,238
,251
+ 29
+ 11
+ 64
+ 13
+ 38
+ 115
+ 83
3,506
3,513
3,438
3,471
3,562
3,544
3,619
3,592
3,552
3,543
3,561
3.644
3,305
3,267
3,270
3,292
3,327
3,352
3,388
3,365
3,409
3,378
3,401
3.505
+ 201
+246
+ 168
+ 179
+235
+ 192
+231
+227
+ 143
4-165
+ 160
+ 139
1,414
1,398
1,366
1,362
1,352
1,347
1,371
1,343
1,377
1,424
1,384
1,407
.314
:283
,270
,291
,303
,292
:1,306
1,281
,303
,312
1,281
,359
+ 100
+ 115
3,505
3.232
3.218
3,281
3,289
3,293
3,370
3,422
3,355
3,481
3,615
3.757
3,444
3,399
3 394
3,396
3,359
3,391
3,370
3,414
3,394
3,450
3,468
3,442
+ 61
1,341
1,183
1,074
1,162
1,124
1,110
1.163
i; 157
1,094
,203
.274
,431
.357
1,311
,294
1,330
,291
.282
1,281
1,282
1,254
1,288
1.248
^270
-167
-176
-115
-70
-98
0
+8
-39
+ 31
+ 147
+ 315
947
980
1.015
965
1,005
1,056
1,014
960
966
942
942
+96
+71
+49
1,017
1,006
1,021
1,030
+ 55
+ 65
+ 62
+74
+ 112
+ 103
+48
984
924
966
989
-16
927
872
983
914
987
964
973
988
987
-128
-220
-168
-167
-172
-118
-125
-160
-85
1.006
1,037
1.000
4-26
+ 161
888
921
897
945
916
942
958
+ 59
+ 59
+ 118
949
942
947
918
929
960
975
991
990
967
988
989
+ 11
+46
+46
950
968
971
926
950
952
941
944
951
974
+ 12
-12
+ 37
+ 12
+ 32
1,008
962
+20
+ 89
+ 114
+ 56
+24
+24
+ 88
+ 39
-6
-43
-22
0
-23
-96
+44
+ 36
+ 32
+ 29
+ 38
130
130
133
131
137
133
123
112
120
115
110
117
109
111
+ 18
+ 10
+ 18
+ 21
134
138
133
133
147
137
142
150
140
138
134
134
117
121
115
117
125
122
129
121
128
122
118
131
+ 17
+ 17
+ 18
+ 16
+22
+ 15
+ 13
+29
+ 12
+ 16
+ 16
+3
157
141
141
150
155
154
157
166
168
169
170
162
126
131
131
137
127
142
139
132
145
143
135
141
+ 31
+ 10
+ 10
+ 13
+ 28
+ 12
+ 18
+ 34
+20
+24
+ 12
+23
+26
+ 35
+21
933
950
990
968
948
979
991
885
885
905
913
885
909
926
+48
+ 65
+ 85
+ 55
+ 63
+70
+ 65
998
925
921
938
966
970
978
978
972
988
977
+73
+90
+ 59
+68
+76
+76
+ 107
+97
+63
+ 80
+63
+ 88
1,011
997
1,034
,046
,054
,085
,069
,051
,057
,077
,114
1,014
1,026
,080
.036
,020
,055
.023
.065
,077
,111
,106
,103
,134
,164
1,011
,015
,009
,056
1,044
1,045
1,077
1.069
+ 69
+47
+ 22
+ 52
+ 32
+ 50
+ 68
+ 55
+ 62
+ 58
+ 57
+95
964
952
1.000
841
926
974
1,150
891
884
911
820
905
909
1,002
+ 73
+ 68
+ 89
+ 21
+ 21
+ 65
+ 148
932
898
1,009
1,103
1.070
1,047
,131
.063
956
,021
,045
,318
918
843
952
985
981
947
1,019
964
927
985
994
1,138
+ 14
+ 55
+ 57
+ 118
+ 89
+ 100
+ 112
+99
+ 29
+ 36
,012
921
,049
.119
;025
.101
.099
,065
,039
,069
.052
,423
1,003
904
1,032
1,011
985
1,023
1,031
1,009
1,021
1,048
1,015
1,225
+9
+ 17
+ 17
+ 108
+40
+78
+ 68
+ 56
+ 18
+21
+ 37
+ 198
989
998
1,003
991
Without seasonal adjustment
June
July
Aug
Sept
Oct
Nov
Dec
Jan
Feb
Mar
Apr
May
June
July
Aug
Sept
Oct
Nov
Dec
1956
3.472
3.362
3,559
3,040
3,460
3,458
3,834
3,077
3,108
3,181
2,940
3,315
3,202
3,244
+ 395
4-254
+ 378
+ 100
+ 145
+ 256
+ 590
,391
,340
,394
,156
,293
,227
,200
,195
,212
,244
,148
,342
,256
,210
3,114
2,980
361
599
770
670
856
704
397
3,557
3,438
4,099
359
066
326
343
386
231
493
382
3,285
3,465
3,354
3,569
-245
-86
+ 35
+ 256
+ 384
+439
+ 363
+ 322
+ 112
+92
+ 84
+ 530
,253
,207
,373
.457
,503
,482
,550
,454
,350
,393
,231
,292
,308
,192
,283
,302
,318
,245
,359
,300
,293
,376
,277
,342
3,111
2,760
3.182
3,358
3.397
3.497
3,506
3,407
3,313
3.520
3,374
4,393
3,482
3,188
3.504
3,401
365
390
426
310
402
534
284
635
-371
-428
-322
-43
,187
.025
,105
,224
,213
,271
,294
,209
.118
,189
,103
,378
,350
,219
,331
,317
,283
,284
,308
,253
.295
,350
,193
,305
1957
1958
Jan...
Feb..
Mar..
Apr..
May.
June.
July..
Aug..
Sept..
Oct...
Nov..
Dec.
+ 32
+ 107
+ 80
+97
-89
-14
+90
+ 758
+ 196
+ 128
+ 150
+8
-49
— 29
-10
-55
+ 15
+ 90
+ 155
+ 185
+ 237
+ 191
+ 154
+ 57
+ 17
-46
-50
-163
-194
-226
-93
-70
-13
-14
-44
-177
-161
-90
+ 73
978
931
1,017
905
1.086
1,119
1.369
832
893
909
867
946
924
922
+96
+ 38
+ 108
+ 38
+ 140
+ 195
+447
139
139
148
138
155
138
115
109
119
117
105
122
113
110
+ 30
+ 20
825
766
858
907
1.037
998
1.019
-189
-151
-117
-31
+76
104
109
121
132
160
143
156
164
152
154
138
127
119
114
116
118
126
116
131
121
127
126
121
131
-15
-5
939
989
1,024
1,362
1,014
917
975
938
961
923
984
997
938
978
962
958
788
703
899
867
993
959
944
957
970
1,075
1.050
1,433
1,000
941
1,007
938
971
943
947
919
938
988
943
962
124
111
129
148
166
166
169
176
186
187
169
159
129
124
134
135
126
140
140
129
148
148
133
143
1.023
* Includes adjustment for differences in trading days.
1
Obtained by subtracting instalment credit repaid from instalment
credit
extended, except as indicated in note 2.
2
Data on extensions and repayments have been adjusted to avoid
duplications resulting from large transfers of other consumer goods
paper. As a result, the differences between extensions and repayments
for some types of holders do not equal the changes in outstanding credit.
NOTE.—Revised estimates for the period January 1947 to date reflect
incorporation of a new component representing charge accounts outstanding on service station and miscellaneous credit-card accounts and
+75
+ 35
+26
+1
+ 11
+ 62
+404
-212
-238
-108
-71
+ 22
+ 16
-3
+ 38
+ 32
+ 87
+ 107
+471
+ 31
+ 33
+ 33
+ 25
+5
+5
+ 14
+ 34
+ 27
+25
+43
+25
+ 28
+ 17
-4
-5
-13
-5
+ 13
4-40
+ 26
+ 29
+47
+ 38
+ 39
+ 36
+ 16
+ 51
+ 180
on home-heating-oil accounts. Those for periods beginning with January
and August 1959 reflect in part addition of data for Alaska and Hawaii,
respectively, to various components of the series. The addition for
Alaska totaled about $30 million and for Hawaii about $150 million.
Increases in consumer goods paper other than automobile reflect
reclassification of this type of paper held by commercial banks; these
increases range from $60 million in June 1956 to $110 million in August
1958. Estimates of repair and modernization loans have been revised in
accordance with the increase in the proportion of consumer loans to
For remainder of "Note" see opposite page.
1419
CONSUMER CREDIT
REVISED ESTIMATES OF INSTALMENT CREDIT EXTENDED AND REPAID, BY HOLDER, 1956-58
[[n millions of dollars]
Commerc al
banks
Total
Extensions
Re-
payments
Change
in outstanding
credit i
Ex-
Re-
tensions
payments
Sales finance
companies
Change
in outstanding
credit 1
Ex-
Re-
tensions
payments
Other financial
institutions
Change
in outstanding
credit i
Ex-
Re-
tensions
payments
Retail
outlets
Change
in outstanding
credit 1
Change
in outstanding
credit i
Ex-
Re-
tensions
payments
507
549
594
551
533
523
579
541
522
509
553
530
557
545
-109
488
563
521
513
587
560
515
564
544
481
564
595
528
546
545
537
522
537
546
534
551
535
548
570
+ 35
+ 17
-24
-108
+ 65
+23
-76
+ 30
536
466
531
449
556
562
470
531
604
584
626
648
532
536
537
505
517
527
507
520
541
571
601
596
+44
-70
+ 12
-96
+ 39
+ 35
-37
+ 11
+ 287
+ 13
+ 25
+ 52
521
505
593
522
588
575
887
538
502
506
511
542
543
507
+3
+ 87
+ 11
+46
+ 32
+ 380
369
418
464
479
602
548
488
558
513
526
618
912
585
544
576
540
543
515
546
530
521
535
535
529
402
354
468
414
564
536
423
515
587
634
651
575
535
568
514
529
519
507
503
532
572
562
574
Seasonally adjusted*
1956
June2
July
Aug
Sept
Oct
Nov
Dec
1957
Jan.2
Feb
Mar
Apr. 2
May
June
July2
Aug
Sept
Oct.2
Nov
Dec
1958
Jan.2
Feb.2
Mar.2
Apr. 2
May
June
July
Aug
Sept. 2
Oct
Nov
Dec
3,227
3,292
3,402
3,294
3,388
3,521
3,462
3,073
3,147
3,117
3,185
3,178
3,198
3,246
+ 154
+ 145
+285
+ 109
+ 210
+ 323
+216
3,506
3,513
3,438
3,471
3,562
3,544
3,619
3,592
3,552
3,543
3,561
3,644
3,305
3,267
3,270
3,292
3,327
3,352
3,388
3,365
3,409
3,378
3,401
3,505
+ 201
+ 246
+ 168
+ 179
+235
+ 192
+ 231
+ 227
+ 143
+ 165
+ 160
+ 139
3,505
3,232
3,218
3,281
3,289
3,293
3,370
3,422
3,355
3,481
3,615
3,757
3,444
3,399
3,394
3,396
3,359
3,391
370
414
394
450
468
3,442
+61
-167
-176
-115
-70
-98
0
+8
-39
+ 31
+ 147
+ 315
1,193
1,210
1,194
1,182
1,259
1,238
1,258
,096
,144
,124
,161
,155
,127
,174
+ 172
+ 66
+70
+21
+ 104
+ 111
+ 84
747
741
776
757
807
923
813
721
753
739
728
772
760
769
+26
-12
+ 37
+29
+ 35
+ 163
+44
780
792
838
804
789
837
812
715
728
745
743
721
754
758
+65
+ 64
+93
1,290
+ 31
+ 106
+72
+ 174
+ 80
+ 81
+ 150
+ 80
+ 69
+ 136
+ 58
+ 29
906
830
852
845
831
831
889
820
833
856
835
872
823
793
791
800
818
814
821
796
808
819
796
+ 83
+ 37
1,251
1,258
1,281
,307
,297
,301
,331
,268
,271
,184
,170
,152
,161
,178
,200
,202
,217
,232
,212
,210
,242
822
844
841
862
886
872
908
911
874
875
894
906
770
758
782
794
809
801
819
818
818
812
847
845
+ 52
+ 86
+ 59
+ 68
+77
,268
,174
,133
,213
,186
,189
,281
,278
,224
,266
,315
,333
,232
,246
222
^211
,208
,233
,214
,237
,201
,227
,224
,192
-4
-129
-107
824
766
738
766
713
686
753
714
630
732
758
827
844
819
813
860
830
805
823
806
806
800
785
783
877
826
816
853
834
856
866
899
897
899
916
949
836
798
822
820
804
826
826
851
846
852
858
871
+41
+ 28
-6
1,276
1,224
+42
-22
-44
+67
+41
-178
+ 39
+91
+ 141
+ 61
+45
+ 13
+ 17
+ 68
+ 24
+ 25
+ 37
+ 39
+ 24
-20
+4
-75
-94
-117
-119
-70
-92
-199
-68
-27
+44
+ 61
+ 68
+ 83
+ 54
+71
+ 89
+93
+56
+63
+47
+ 61
+ 33
+ 30
+ 30
+40
+48
+ 51
+47
+ 58
+78
+ 27
+ 85
+3
-34
+ 34
-71
+ 16
+25
Without seasonal adjustment
1956
June 2
July
Aug
Sept
Oct
Nov
Dec
2
Jan.
Feb
Mar
Apr. 2
May
June
July 2
Aug
Sept
Oct.2
Nov
Dec
1957
1958
Jan. 2
Feb. 2
Mar.2
Apr. 2
May
June
July
Aug
Sept.2
Oct
Nov
Dec
3,472
3,362
3,559
3,040
3,460
3,458
3,834
3,077
3,108
3,181
2,940
3,315
3,202
3,244
+ 395
+ 254
+ 378
+ 100
+ 145
+256
+ 590
1,297
1,242
1,247
1,087
1,267
1,165
1,213
,097
,148
,164
,074
,197
,124
,151
3,114
2,980
3,361
3,599
-245
3,770
3,670
3,856
3,704
3,397
3,557
3,438
4,099
3,359
3,066
3,326
3,343
3,386
3,231
3,493
3,382
3,285
3,465
3,354
3,569
,216
,119
,228
1,361
,373
1,345
,398
1,334
1,254
1,317
,163
,247
,206
,090
,149
,196
,208
,158
,256
,231
,2.01
,238
,185
,242
3,111
2,760
3,182
3,358
3,397
3,497
3,506
3,407
3,313
3.520
3; 374
4,393
3,482
3,188
3,504
3,401
3,365
3,390
3,426
3,310
3,402
3,534
3.284
3,635
,194
,030
,154
,308
,252
,302
,345
,261
,221
,267
.166
,360
,248
,160
,242
,225
.219
;238
,245
,203
,221
,255
,151
,240
-86
+ 35
+ 256
+ 384
+439
+ 363
+ 322
+ 112
+92
+ 84
+ 530
-371
-428
-322
-43
+ 32
4-107
+ 80
+97
-89
-14
+90
+ 758
+ 275
+ 94
+ 83
+ 13
+70
+41
+ 62
-65
+ 29
+ 249
+ 165
+ 187
+ 187
+ 103
+ 53
+79
723
735
767
686
837
779
760
+ 124
+ 84
+ 104
+ 36
-16
+ 102
807
796
848
709
784
837
949
719
723
744
669
739
756
826
785
691
821
855
886
904
-23
-42
903
829
860
779
865
808
733
808
799
814
780
846
814
796
873
800
856
+ 13
+ 56
+ 72
4-124
+ 176
+ 89
+ 33
-13
-21
744
752
848
904
909
873
948
909
801
854
878
+9
1,075
760
699
793
808
821
778
845
807
767
819
834
942
720
642
724
759
743
776
851
756
656
738
687
855
829
758
845
843
814
800
835
794
825
852
756
823
-109
-69
795
734
836
877
838
883
887
875
849
881
870
+ 32
1,163
1,022
+96
-22
+5
-94
-187
-106
+ 123
+ 33
+ 64
+ 100
+ 58
-201
+ 12
+ 15
+ 120
For other notes see opposite page.
Continuation of "Note" from preceding page:
total loans of this type from 80 per cent at the end of 1957 to 84 per cent
currently. Other revisions incorporate more comprehensive information
847
819
871
722
821
881
785
+25
-59
-121
-84
-71
-24
+ 16
-38
-192
-114
830
735
849
819
803
833
839
810
824
855
815
998
+ 88
+73
+ 104
+40
+45
+81
+ 123
-16
4-53
+ 55
+96
+ 88
+95
+ 103
+ 102
+ 34
+ 35
+44
+ 133
-35
—1
-13
+ 58
+ 35
+ 50
+48
+65
+ 25
+ 26
+ 55
+ 165
1,015
-92
-141
-126
-112
-145
+59
+ 33
-103
+28
o
-26
4-83
+ 383
-133
-181
-82
-140
+ 35
+ 17
-84
+ 12
+ 279
+ 62
+ 89
+441
available recently from the following: commercial bank reports of condition for December 1958, Bureau of the Census annual survey of retail
trade for 1958, and annual reports for 1958 from Bureau of Federal
Credit Unions, State supervisory authorities, and other sources.
Revised data for 1959 appear in the regular tables, pp. 1398-99.
1420
WEEKLY REPORTING MEMBER BANKS, 1958-59
LOANS AND INVESTMENTS OF BANKS IN ALL LEADING CITIES—REVISED COVERAGE*
[In millions of dollars]
Loans l
Wednesday
U. S. Government obligations
For purchasing
or carrying securities
Loans
Total
and
Comloans
investmer- Agri- To brokers To others
and
and dealers
Real Other
cial
invest- ments Loans
culestate loans
adadand
ments
justed ! justed i indus- tural
loans
U.S. Other U.S. Other
trial
Govt. se- Govt. seobobliga- curi- liga- curitions ties tions ties
Total
Bills
CerOther Loans
tifisecuto
cates
of in- Notes Bonds 2 rities banks
debtedness
1958
July
9
16
23
30
103,784
103,186
102,969
102,516
102,162
101,799
101,482
101,169
57,051 30,303
56,818 30,126
56,509 29,830
56,313 29,710
762
767
777
790
2,530
2,421
2,456
2,323
1,462
1,458
1,417
1,385
10,652
10,698
10,705
10,744
12,586 34,999 2,188 1,776 7,511
12,590 34,814 2,018 1,762 7,545
12,567 34,723 1,989 1,808 7,552
12,604 -•,651
34
2,015 1,802 7,588
Aug.
6
13
20
27
104,749
104,184
103,764
103,670
103,134
102,551
102,432
102,042
56,085 29,769
55,992 29,837
56,224 30,077
56,096 30,051
788
804
822
814
2,095
\910
,830
,687
1,315
1,281
1,275
1,278
10,742
10,786
10,827
10,847
12,62!:2 36,826 2,248
12,620 36,308 1,918
12,
:,639 35 ,942 1,732
12,666 35,584 1,541
4,841
4,780
4,692
4,629
Sept. 3
17
24
103,722
104,040
103,606
102,652
102,011
102,416
101,837
101,127
56,354 30,038
56,613 30,246
56,921 30,637
56,623 30,476
815
808
799
797
,852
,860
,714
,689
1,288
1,288
1,290
1,292
10,856
10,886
10,933
10,964
12,755 35,346
12,"""
"",340
,,776 35
12,799 34,579
12,655 34,139
1,485
1,709
1,685
1,417
1
8
15
22
29
103,166
103,372
104,010
103,394
103,266
101,338
101,927
102,418
101,915
101,792
56,871 30,521
56,799 30,470
57,156 30,699
56,952 30,555
57,074 30,569
798
801
808
816
829
1,830
1,747
1,742
1,662
1,660
1,271
1,263
1,274
1,270
1,280
10,982
11,047
11,124
11,153
11,189
Nov. 5
12
19
26
103,551
103,644
103,113
104,397
101,900
101,662
101,743
103,196
57,379 30,688
57,629 30,844
57,721 30,861
57,917 30,836
832
841
838
840
1,757
1,800
1,798
1,935
1,276
1,275
1,267
1,269
Dec.
104,567
104,938
105,583
105,229
105,426
102,901
103,116
103,991
103,913
104,688
57,995 30,928
58,348 31,066
59,193 31,450
59,161 31,408
59,867 31,699
827
832
836
843
841
1,876
2,044
2,404
2,320
2,569
10
Oct.
3
10
17
24
31
52410,112
48910,167
37410,250
24610,205
,622
,387
,487
,347
7,612
7,646
7,603
7,570
22,125 10 ,223
21,96410 ,251
21,91510 ,266
21,84410 ,362
,615
,633
,332
,628
4,592
4,510
4,430
4,379
7,501
7,393
7,363
7,297
21,76810 ,311
21,728 10 ,463
21,101 10,337
21,04610
'",365
,711
,624
,769
,525
12,715 34,103 ,477
12,712 34,695 2,114
12,753 "',834
34
2,079
12,740 34,570 1,984
12,789 34 351 1,882
4,345
4,339
4,365
4,257
4,191
7,260
7,247
7,408
7,347
7,341
21,021 10,364
20,99510 ,433
20,98210 ,428
20,98210 .393
20,937 10 ,367
,828
,445
,592
,479
,474
11,244
11,288
11,336
11,381
12,827 34,260 1,821
12,829 34,017 1,644
12,868 34,004 1,657
12,905 35,225 2,887
4,172
4,161
4,158
4,213
7,324
7,290
7,276
7,219
943 10,261
92210,016
91310,018
90610,054
1,651
1,982
1,370
1,201
1,273
1,279
1,286
1,298
1,315
11,374
11,420
11,455
11,471
11,487
12,967 34 891 2,546
12,958 34;609 2,257
13,013 34,636 2,339
13,070 "',618
34
2,366
13,,252 34 ,627 2,400
4,363
4,364
4,340
4,325
4,325
7,487
7,498
7,509
7,475
7,457
20,495 10 ,015 1,666
20,49010 ,159 1,822
20,44810 ,162 1,592
20,45210 ,134 1,316
20,445 10 ,194
738
1959
Jan.
7
14
21
28
104,693
103,870
104,817
104,617
103,108
102,337
103,282
102,870
58,849 31,078
58,379 30,925
58,352 30,700
58,156 30,549
819
826
820
822
2,400
2,074
2,226
2,146
1,313
1,334
1,339
1,362
11,426
11,475
11,496
11,505
13,118 34,078 2,258
13,053 33,801 2,218
13,078 34,862
34
2,248
13,077 34,701 2,193
4,210
4,051
3,925
3,817
7,441 20,16910 ,181 1,585
7,441 20,091 10,157 1,533
8,721 19,968 10 ,068 1,535
8,691 20,000 10 ,013 1,747
Feb.
4
11
18
25
104,278
103,641
103,368
103,476
102,573
102,002
101,773
101,566
57,983 30,447
57,920 30,449
58,031 30,542
58,123 30,543
815
814
809
811
2,046
1,928
1,902
1,939
1,353
1,358
1,362
1,381
11,530
11,567
11,583
11,599
13,099
13,111
13,141
1 3 ,162
-"
34,529 2,192
34,138 2,049
33,758 2,451
33,412 2,351
3,864
3,742
3,991
3,808
8,532
8,528
7,537
7,507
19,941 10,061
19,819 9,944
19,779 9,984
19,74610",031
1,705
1,639
1,595
1,910
Mar. 4
11
18
25
103,174 101,479
103,668 101,964
103,905 102,446
103,070 101,342
58,189 30,601
58,551 30,976
59,337 31,508
59,219 31,491
811
808
818
827
1,938
1,883
2,004
1,852
1,370
1,370
1,384
1,386
11,586
11,618
11,645
11,672
13,197 33,199 2,355
13,212 33,178
33
2,450
13,297 32,852
852 2,326
2
13,309 31,905 2,189
3,751
3,716
3,598
2,904
7,414
7,374
7,290
7,236
19,67910,091
19,63810,235
19,63810,257
19,576,10,218
1,695
1,704
1,459
1,728
Apr.
105,244
104,482
104,959
104,215
104,332
59,800 31,473
59,511 31,305
60,066 31,557
60,074 31,517
60,178 31,524
833
839
855
850
861
2,309
2,125
2,288
2,235
2,226
1,430
1,409
1,422
1,430
1,418
11,694 13,378 33,123 2,676
11,728 13,423 32,980
980 2,652
2
11,774 13,489 32,687 2,502
11,795 13,565 32;229 2,249
2
11,820 13,647 31,877 2,160
2,854
2,856
2,816
2,730
2,673
7,865
7,775
7,733
7,698
7,625
19,72810,351
19,697,10,471
19,636|10,579
19,55210,429
19,41910,445
1,970
1,520
1,627
1,483
1,832
103,654 102,117 60,359 31,660
104,927 103,223 60,768 31,880
862
868
870
878
2,239
2,269
2,200
2,075
1,412
1,421
1,425
1,431
11,851
11,918
11,950
11,971
31,484 1,987
32,250 ",024
3
31,549 2,590
31,277 2,408
2,630
2,585
2,458
2,435
7,497 19,37010,274
7,361 19,28010,205
7,279 19,22210,257
7,219 19,21510,296
1,537
1,704
1,842
1,789
870
884
901
896
2,149
2,160
2,202
2,017
1.426
1,425
1,405
1,404
11,985 13,930
12,042|14,019
12,098114,146
12,136 14,195
31,095
30,
30,994
30,
30,598
30,061
2,372
2,342
2,262
2,211
7,182
7,158
7,082
6,987
May
1
8
15
22
29
6
103,274
102,962
103,332
102,732
102,500
20!'.'.'.'.... 104,538 102,696 60,890 31,964
27
104,238 102,449 60,876 31,957
June
3
10
17
24
104,133
104,340
104,384
103,968
102,287
102,553
103,070
102,366
60,954 31,923
61,362 32,160
62,352 32,930
62,220 32,904
1
Exclusive of loans to banks and after deduction of valuation reserves;
individual loan items are shown gross.
2
Includes guaranteed obligations.
* This table incorporates revisions not shown in the data published
on p. 1202 of the BULLETIN for September 1959. The revisions are mainly
in "commercial and industrial" and in "other" loans, but there are
13,656
13,735
13,803
13,889
2,360
",345
2 ,164
1,722
19,18110,238 1,846
19,149 10,197 1,787
19,09010,120 1,314
19,141 10,085 1,602
scattered changes throughout the period in other loan components
and in (1) loans and investments adjusted, (2) loans adjusted, (3) U. S.
Government obligations—total and bonds, (4) other securities, and (5)
loans to banks.
For description of revised coverage, see BULLETIN for August 1959,
p. 885.
WEEKLY REPORTING MEMBER BANKS, 1958-59
1421
RESERVES AND LIABILITIES OF BANKS IN ALL LEADING CITIES—REVISED COVERAGE*
[In millions of dollars]
Demand deposits,
except interbank
Wednesday
DeBalRemand
serves Cash ances
with
dewith
in
do- posits
F. R. vault mestic
adBanks
banks justed1
Time deposits,
except interbank
Individuals, States Certified
part- a n d
ner- polit- a n d
U.S.
ical
offiships,
subcers' Govt.
and
divichecks
corpora- sions etc.
tions
Interbank
deposits
IndiDemand
viduals, States
U.S.
and
part- polit- Govt.
nerand
ical Postal
ships, subDoand
mes- Forsavdivi- ings
eign
cor- sions
tic
porations
Borrowings
Capital
acFrom
counts
Time F. R. From
others
Banks
1958
13,757
14,015
13,886
13,643
,144
,130
,137
,169
3,092 58,912 61 ,121 4,697 2,242
3,154 ,
63,158 4,481 2,317
62,703 4,544 3,104
3,032 60,549 62
62,322 4,637 2,249
3,070 60
4,783
4,170
3,325
2,816
27,713 2,200
27
27,832 2,142
27,861 2,139
27",906 2,136
168
166
169
170
12,290
12,065
11,551
11,383
1,492
1,661
1,653
1,634
2,262
2,147
2,154
2,152
100 1,078 10,612
78
712 10,581
27
836 10,594
63
616 10,621
20
27
13,733
13,798
13,752
13,577
,048
,154
,114
,185
2,945
2,957
2,878
2,705
,
59,849
61,460
59,670
" 670 62
62,674
59, 438 61,672
59,953 61,753
4,668
4,448
4,462
4,536
2,252
2,045
1,976
1,882
4,484
4,210
4,485
3,881
27 ,996 2,123
28 ,019 2,113
27,998 2,073
28,028 2,057
170
171
170
172
12,026
12,123
11,591
11,191
1,650
1,614
1,595
1,619
2,143
2,124
2,129
2,140
224
996 10,649
106 1,098 10,654
198
857 10,650
111 1,022 10,671
Sept. 3
10
17
24
13,394
13,447
13,463
13,349
,127
,178
,142
,173
2,927
2;860
2860
3,053
2,801
59,613
60,814
60,939
59,716
61,822
63,360
64,263
61,782
4,657
4,451
4,338
4,363
2,128
2,127
2,167
1,829
3,673 28,062
2 , 294
" " 28,169
2, 116 28,033
2,923 28,054
2,046
2,025
2,005
1,989
169
171
168
168
11,717
11,885
12,041
11,206
1,577
1,508
1,503
1,438
2,136
2,191
2,162
2,134
127
406
164
278
1,117
1,102
1,238
1,152
10,683
10,680
10,663
10,671
Oct.
1
8
15
22
29
13,258
13,430
13,727
13,922
13,483
,073
,125
,144
,169
,204
2,967
2,700
3,040
2,793
2,819
60 118 62,996
59 773 62,082
60 329 65,768
60,933
933 64
64,145
61,541 64,045
4,577
4,223
4,121
4,176
4,396
2,581
1,919
2,048
1,882
1,974
2,620 28 ,067
3,193 28,112
3,121 28,138
~-161
2 ,359
, " " 28
2,077 28,192
,928
,910
,896
,875
169
169
171
171
172
11,710
11,667
12,390
11,410
11,165
1,428
1,430
1,448
1,499
1,492
2,104
2,114
2,099
2,085
2,076
151
322
158
705
236
1,305
1,023
1,248
1,089
943
10,718
10,739
10,719
10,712
10,747
5
19
26
13,45!
12,916
13,840
14,11"
1,111
1,245
1,175
1,161
2,846
3,012
2,832
2,812
60,749
61,170
61,169
61,589
64,164
65,208
64,466
64,980
4,772
4,464
4,403
4,620
2,166
2,044
2,080
2,253
1,968
1,347
2,157
3,645
28,191
28,048
27,941
27,957
,802
,791
,773
,747
172
173
172
172
11,860
11,760
11,336
10,776
1,443
1,463
1,500
1,476
2,088
2,076
2,090
2,084
409
256
482
859
1,257
1,680
1,210
1,016
10,776
10,777
10,772
10,796
Dec.
3
10
17
24
31
13,465
13,501
14,128
14,159
13,816
1,190
1,298
1,314
1,177
1,220
2,787
2,769
3,107
2,970
3,672
61,520 64,239
63,298 65,914
63,800 67,267
62,877/56,591
63,507 68,599
4,595
4,554
4,585
4,587
4,841
2,339
2,179
2,766
2,435
2,979
2,893 27,964
1,
' 466 28,029
2, 152 28,069
2,829 28,179
2,952 28",390
1,742
1,754
1,729
1,791
1,800
172
173
174
183
185
11,244
11,288
11,846
11,310
12,709
1,464
1,511
1,556
1,562
1,585
2,094
2,107
2,126
2,158
2,135
246
335
465
696
21
1,491 10,809
1,369 10,798
1,099 10,788
911 10,806
1 10,834
Jan.
7
14
21
28
13,946
13,729
13,903
13,643
1,203
1,256
1,158
1,189
2,883 62 903
2,974 62 886
2,847 63;383
~~~
2,748 62,791
65,519
67,141
66
66,401
65,168
4,632
4,530
4,619
4,719
2,869 1,451 28,067 1,780
930 28,094 1,779
2,516
539 28,105 1,778
2,627
904 28,101 1,786
2,273
189 12,019
188 11,965
184 10,977
184 10,453
1,520
1,454
1,442
1,403
2,161
2,167
2,195
2,183
669
383
308
319
1,118
1,126
947
1,181
10,801
10,783
10,756
10,796
4
11
18
25
13,636
13,344
13,637
13,484
,064
,153
,136
,204
2,740
2,773
2,848
2,797
61 ,733
61 ,718
60 ,880
61 ,268
64,047
64,819
64,044
64,296
4,734
4,488
4,679
4,583
2,365
2,517
2,524
2,358
2,995
2,536
3,164
2,861
28,129 1,772
^"100
,100 1,782
28
28 ,150 1,789
28,150 1,800
179
179
179
178
11,006
10,796
10,701
10,262
,403
,466
,450
,421
2,173
2,056
2,048
2,059
272
186
353
372
1,145
1,177
1,152
1,456
10,838
10,828
10,818
10,830
Mar. 4
11
18
25
13,249
13,193
14,031
13,364
,049
,148
,122
,148
2,794 60,399
2,805 61 ,868
2,889 61 ,233
2,691 60,847
63 ,326
65,044
64,671
63,391
4,609
4,422
4,408
4,476
2,470
2,275
2,531
2,046
2,295
1,451
3,047
2,425
28,226 1,788
28,318 1,782
28,334 1,809
28
28,354 1,751
179
180
180
182
10,891
10,871
10,927
10,299
,551
,592
,649
1,585
2,073
2,048
2,013
2,102
410
350
893
453
,293
,229
,027
,331
10,867
10,861
10,840
10,848
Apr.
13,210
13,771
13,935
13,809
13,518
,080 3,412 60,057 63,125
,096 2,690 60,903 63,378
3,117 622;009
" " 66,465
1,147 2,734 622,080 65,038
1,177 2,779 62
4,833
4,459
4,828
4,817
5,124
2,769
2,401
2,621
2,539
2,458
5,099 28 ,371
3,517 28 ,399
2,732 28 ,333
2,483 28,339
— ,411
2,934 28
1,786
1,757
1,745
1,769
1,798
180
179
180
179
179
11,349
10,989
11,689
10,447
10,291
1,562
1,524
1,489
1,418
1,381
2,080
2,110
2,129
2,165
2,118
239
657
764
856
371
,361
,082
,112
,148
,338
10,904
10,920
10,913
10,904
10,937
13,672
13,580
13,102
13,254
1,065
1,177
1,143
1,195
2,668
2,784
2,847
2,705
60,431 62,864
60,410 64
64,625
60;454 63,526
60;938 63 ,626
4,974
4,651
4,736
4,871
2,255 3,052 28,435 1,810
2,110 ,482 28,444 1,821
2,102 ,973 28,495 1,819
,347 28,563 1,825
2,081
179
178
178
179
10,768
10,798
10,470
10,053
1,406
1,428
',519
,515
2,117
2,083
2,032
1,990
734
495
231
352
,096
,302
,332
,488
10,969
10,939
10,961
10,973
13,166
13,308
13,734
13,331
1,098
1,172
1,169
1,201
2,702
2,749
2,968
2,712
600,240 62,781
611,598 64,560
61;426 65;802
60,781 63,572
4,761
4,576
4,299
4,582
2,502 2,806 28,628 1,840
645 28,677 1,830
2,421
758 28,703 1,811
2,631
957 28,823 1,781
2,299
176
177
177
177
10,592
10,714
11,001
10,147
,466
,461
,516
,514
2,000
1,941
1,922
1,832
578
741
995
715
,666
,728
,036
,580
10,988
10,981
10,962
10,972
July
Aug
9
16
23
30
-i3::::::
Nov.
12
1959
Feb.
May
1
8
15
22
29
,!::::::
20
27
June 3
10
17
24
,120
1
Demand deposits other than interbank and U. S. Govt., less cash
items reported as in process of collection.
* This table incorporates revisions not shown in the data published
on p. 1203 of the BULLETIN for September 1959. The revisions affect (1)
reserves with F. R. Banks and cash in vault on Oct. 15 and Dec. 3, 1958
and (2) time deposits of States and political subdivisions and interbank time deposits on Nov. 26, 1958.
For description of revised coverage, see BULLETIN for August 1959.
p. 885.
1422
WEEKLY REPORTING MEMBER BANKS, 1958-59
LOANS AND INVESTMENTS OF BANKS IN LEADING CITIES OUTSIDE NEW YORK CITY—REVISED COVERAGE*
[In millions of dollars]
U. S. Government obligations
Loans*
I
For purchasing
or carrying securities
Wednesday
Total Loans
Cerand
Other Loans
Comloans investtifiTo brokers To others
to
mersecuand
cates
Loans cial Agri- and dealers
Real Other
banks
invest- ments
ad- 1 and
culestate loans Total Bills of in- Notes Bonds2 rities
ad- 1
ments justed
justed indus- tural
loans
debtU.S.
U.S.
edtrial
Govt. Other
Govt. Other
ness
seseob- curi- ob- curiliga- ties
ligations ties tions
1958
July
9
16
23
30
10,090110,403 26,959
10,125 10,398 26,806
10,126 10,382 26,758
10,166 10,411 26,797
226
070
077
190
1,467
1,470
1,485
1,477
5,762
5,789
5,865
5,902
18,504
18,477
18,331
18,228
7,804
7,839
7,880
7,843
555
630
490
10,180
10,212
10.244
10)260
10,421 28,170
10,413 27,926
10,437 27
",166
10,444 27 ,599
344
247
215
104
3,535
3,519
3,463
3,467
5,917
5,921
5,884
5,860
17,374
17,239
17,204
17,168
7,835
7,837
7,835
7,887
935
918
661
805
917
916
917
918
10,272
10,305
10,348
10,378
10,464 27 ,445
10,467 27,444
10,482 27,133
10,339 26,858
044
149
132
997
3,429
3,360
3,304
3,230
5,838
5,830
5,832
5,769
17,134
17,105
16,865
16,862
7,851
7,964
7,878
7,931
722
848
656
677
648
608
608
585
561
902
896
908
905
913
10,392 10.380 26,,770
10,446 10,379 27,,309
10,506 10)372 27,365
,195
10,533
406 26,997
10,569
000
561
520
417
301
3,201
3,212
3,212
3,175
3,141
5,735
5,730
5,843
5,815
5,822
16,834
16,806
16,790
16,788
16,733
7,931
7,975
7,952
7,942
7,931
744
708
688
691
509
831
840
837
839
625
618
596
657
907
901
895
897
10,611
10,648
10,692
10,722
10,436 26 ,933
10,454 26 ,830
10,475 26 ,732
10,503 27,596
244
181
123
092
3,142
3,140
3,139
3,145
5,801
5,783
5,758
5,693
16,746
16,726
16,712
16,666
7,931
7,862
7,854
7,849
977
968
549
499
42,899 20 ,170
43,071 20,270
43,496 20,424
20
43,635 20,462
44,061 20,688
826
830
834
841
839
612
638
801
814
901
902
905
907
913
922
10,731
10,767
10,792
10,817
10,839
10,,543 27 ,355
10,545 27,161
10,623 27,170
10.671 27,156
10.799 27
"",209
853
674
746
719
769
3,235
3,240
3,216
3,232
3.218
5,894
5,891
5,893
5,884
5,898
16,373
16,356
16,315
16,321
7,826
7,866
7,838
7,832
16,324 7,865
733
818
817
638
244
77,316
76,877
76,736
76,622
76,508
76,322
76,106
76,132
41,745
41,677
41,468
41,492
19,421
19,342
19,203
19,176
761
766
776
789
925
910
885
876
1,026
1,016
977
956
20
27
78,281
78,036
77,894
77,915
77,346
77,118
77,233
77,110
41,341
41,355
41,632
41,624
19,153
19,239
19,395
19,438
787
803
821
813
760
667
716
649
924
905
903
905
Sept. 3
10
17
24
77,815
78,134
77,778
77,361
77,093
77,286
77,122
76,684
41,797
41,878
42,111
41,895
19,485
19,632
19)821
19,752
814
807
798
796
732
638
632
598
Oct.
1
8
15
22
29
11,AM
78,010
78,287
78,064
77,751
76,700
77,302
77,599
77,373
77,242
41,999
42,018
42,282
42,236
42,314
19,762
19,766
19,961
19,913
19,916
797
800
807
815
828
Nov.
5
12
19
26
78,371
78,334
77,891
78,790
77,394
77,366
77,342
78,291
42,530 20,001
674 20,097
42,674
42,756 20,144
42,"846
~ 20,113
3
10
78,813
78,916
79,321
79,261
79,379
78,080
78,098
78,504
78,623
79,135
Aug
-it:::::
Dec.
17
24
31
1959
Jan.
7
14
21
28
78,553
78,292
78,913
78,593
77,848
77,530
78,057
77,771
43,351 20,295
43,120 20,209
43,101 20,065
42,963 19,937
818
825
819
821
791
657
748
650
933
942
947
953
10,772
10,817
10,841
10,854
10,678 26,706
10,609 26,625
10,619 27,225
10,684 27,101
,605
,635
,586
,558
3,105
3,025
2,931
2,895
5,859
5,857
6,669
6,602
16,1371
16,108
16,039!
16,046
7,791
7,785
7,731
7,707
705
762
856
822
Feb.
4
11
18
25
78,179
77,855
77,775
77,857
77,320
77,087
77,125
76,956
42,913 19,882
42,944 19
'",922
43,07: 20,000
43,146 20
"",007
814
813
808
810
639
606
615
628
941
949
943
956
10,871 10,702 26 ,681
10,893 10,697 26 ,463
10,912 10,731 26,360
,757 "',113
26
10,929 10,—
,462
,394
,617
,519
2,825
2,754
2,989
2,879
6,401
6,317
5,765
5,718
15,993
15,998!
15,989!
15,997!
7,726
7,680
7,693
7,697
859
768
650
901
Mar.
4
11
18
25
77,430
77,633
77,941
77,404
76,768
76,918
77,128
76,67"
43,215 20,057
43,449 20.298
43,910 20)564
43,955 20,619
810
807
817
826
639
589
663
609
949
951
959
963
10,916
10,945
10,973
10,997
10,786 25 ,863
10,803 25,703
10,881 25,454
10,887 24,960
,397
,345
,256
..280
2,867
2,805
2,701
2,302
5,644
5,609
5,516
5,443
15,955 7,690
15,944
15,981 7'764
15,935 7,757
662
715
813
732
Apr.
1
8
15
22
29
78,809
78,428
78,768
78,323
78,366
77,894
77,601
77,778
77,532
77,433
44,271 20,662
44,117 20,584
44,508 20,795
44,571 20,774
44,641 20,791
832
838
854
849
860
761
669
702
690
646
1,008
976
986
993
984
11,021 10,931 25,795
11,032 10,963 25,639
11,073 11,044 25
"",422
11,094 11,116 25 ,161
11,116 11,189 24 ,967
,598
,530
,444
1,324
1,264
2,258
2,279
2,242
2,219
2,188
5,917i
5,857
5,794
5,745|
5,667|
16,022!
15,973!
15,942|
15,873)
15,848
7,828
7,845
7,848
7,800
7,825
915
827
990
791
933
May
6
78,219
78,938
78,651
78,458
77,344
78,083
77,910
77,816
44,763 20,892
45,078 21,086
45,237 21,173
45,307 21,171
861
867
869
877
651
651
624
589
976
983
983
987
11,135
11,183
11,218
11,236
11,195 24,747 1,164
11,
:5,194 1,721
11,317 24,845 1,524
11,394 24
"-,676 1,379
2,140
2,139
2,076
2,071
5,598
5,556
5,519
5,513
15,845
15.778
15.726
15,713
7,834
7,811
7,828
7,833
875
855
741
642
78,416
78,606
78,741
78,401
77,692
77,777
78,039
77,665
45,38- 21,209
45,670 21,352
46,229 21,746
46,273 21,783
869
883
900
895
598
603
618
546
987
987
978
980
11,240
11,283
11,314
11,360
11,432 24,516 1,312 2,014J 5,499j 15,691 7,792
11.512,24,316 1,196 1,993 5,4711 15,656 7,791
11) 625 i24,0571,129 1,906 5,416! 15,606! 7.753!
11,663123,701 865 1,862 5,319! 15,655! 7)691
20;;;;.'!!
27
June 3
10
17
24
1
Exclusive of loans to banks and after deduction of valuation reserves:
individual
loan items are shown gross.
2
Includes guaranteed obligations.
* This table incorporates revisions not shown in the data published
on p. 1206 of the BULLETIN for September 1959. The revisions are mainly
in "commercial and industrial" and in "other" loans, but there are
724
829
702
736
scattered changes throughout the period in other loan components
and in (1) loans and investments adjusted, (2) loans adjusted, (3) U. S.
Government obligations—total and bonds, (4) other securities, and (5)
loans to banks.
For description of revised coverage, see BULLETIN for August 1959,
p. 885.
1423
WEEKLY REPORTING MEMBER BANKS, 1958-59
RESERVES AND LIABILITIES OF BANKS IN LEADING CITIES OUTSIDE NEW YORK CITY—REVISED COVERAGE*
[In millions of dollars]
Demand deposits,
except interbank
Wednesday
Bal- DeRemand
serves Cash ances
with
dewith
in
do- posits
F. R. vault mestic
adBanks
banks justed1
Time deposits,
except interbank
Interbank
deposits
IndiIndiDemand
vid- States
vidCertiuals,
uals, States
U.S.
and Govt.
fied
part- politpart- a n d
ner- polit- a n d
and
U.S. nerical Postal
ical
offiships, subships,
DoForsub- cers' Govt. and
and
savdivi- ings meseign
cor- sions
cor- divi- checks,
tic
porapora- sions etc.
tions
tions
Borrowings
Capital
acFrom From counts
Time F. R. others
Banks
1958
July
9
16
23
30
3,042j43,795J44,469
3,097J44,321 46,121
2,975 44,820 45,448
3,013 44,972 45,116
4,394
4,141
4,209
4,391
1,117
1,153
1,133
1,080
3,028
2,613
2,146
1,879
Aug. 6
13
20
27
907 i 2,896 44 524 44,936
9,617!
9,806! 1.009! 2,906|44 429|45,958
978' 2,819J44, 249145,128
9,782!
9,663| 1.040J 2,660,44; 574 44,983
4,383
4,140
4,153
4,213
1,091
1,089
1,074
1,065
Sept. 3
10
17
24....
0,638! 983 2,87244. 260 45,105
9,3841 1,029 2.811144; 831146,068
9,720! 995 3.001 44; 838|46,662
9,521; K028J 2,747,44. 299j45,165
I
9,451
933' 2,894144, 519)45,647
975 2,645 44; 399145,480
9,546i
989 2.976 45; 000148,117
9,863
9.794 1,020 2,734 45; 284 46,939
9,610 1.044 2,761 45 632 46,785
4,341
4,081
3,973
4,055
Oct.
1
8
15
29.'"!
Nov. 5
12
19........
26
Dec.
3
10
17
24
31
24 ,470
24 ,550
24,581
24
"611
, 925 i
,902j
,901!
,896
142
140
141
142
8,928
8,836
8,264
8,236
301
326
336
355
479
449
449
450
100
78
27
56
516
490
527
342
7,406
7,376
7,384
7,414
2,827 24,711
2,697 24,737
3,032124,727
2,678 24,744
,884
,864
,860 j
142
143
144
148
8,917
9,034
8,626
8,265
362
365
353
363
454
449
457
459
104
103
127
100
443
555
432
657
7,423
7,427
7,430
- —
7,449
1,196
1,119
1,254
1,097
2,516
1,627
1,629
2,072
24,775
24,792
24,739
24.748
,849
,834
,813
,798
145
147
146
146
8,700
8,964!
8,996
8,3331
351
337
349
332
455
466
447
451
127
364
163
254
691
535
959|
788!
7,463
7,460
7,453
7,459
4,233
3,914
3,747
3,813
3,942|
1,189
1,031
1,127
1,054
1,046
1,841 24,776
2,228 24
24,845
2,193 24,884
1,704 24,9081
1,493 24,924
,737
,735
,707
,684
,675j
148
148
149
149
150
8,541
8,727!
9,196!
8,470!
8,179J
326
323
317
320?
326
449
458
448
443
438
151
297
158
548
236
843
585
629
631
623
7,491
7,508
7,487
7,479
7,515
9,414
947 2,784145,293 46,994 4,218
9.364 1.070
070 2,948145,867
2948145867 48,127
4 8 1 2 7 4,014
;
1.022! 2,769|45,550!47,326 3,998
9,976! 995 2,732|45,882!47,355 4,254
1,125
1,205
1,289
1,189
1,422 24,953
1,019124,854
1,648124,750
2,699J24,731
,642
,636!
,6271
.606!
150
151
151
151
8,840I
8,72l|
8,453!
7,917j
314
327
335
332
439
435
428
429
319
231
482
673
632
950
593
459
7,526
7,526
7,520
7,548
885
733
604
462
7,570
7,561
7,550
7,563
7,577
9,641 j 993|
10,052' 991
9,783 999
9.564 1.025
9,660
9,544
10,103
10,063
9,370
1.022
1,097
1,114
1,014
1,055
2,724 45,758 46,992
2.713 46,745 47,840
3; 042147.274149,031
2,896:46:938148,730
3.595'47.243149,637
4,225
4,221
4,259
4,274
4,514!
1,219
1,229
1,389
1,316
1,445
2,071 24,737
1,111 24,758
1,608 24,775
1,973124,860
1,974125,029
,600i
,614
,620
,677
.686
151
152
153
157
154
8,391
8,440
8,816
8,390
9,183
327
322
329
330;
334!
428
430
428
441
435
244
333
395
498
211
1959
Jan.
7
14
21
28
9,807
9,590
9,666
9,630
1,035,
1,091!
1,010:
1,038:
2.824 46,675:47,757
2:912|46,853 49,112
2,786147,116 48,478
2,688|46,612 47,425
4,317
4,187
4,241
4,375
1,338 1,013 24 7741
681 24;778
1,233
24,795!
1,174 1,707 24
1,107 1,991 24,78l|
,6631
,6611
,661 j
,649!
153
152
153
153
8,916
8,815
8,081
7,659
3241
307
314
301
437
440
440
441
417
320
281
275
534
551
450
677
7,548
7,535
7,515
7,552
Feb.
4
11....
18....
25....
9,766
921
9,604
994
9,748;
993!
9,499! K046^
(\A&
2,689145,883 46,734
2;720145,925 47,273
2.786 45,289 46,657
2;740
~> IACI 45,
4S fins \A&^ 772
4,4211
4,2061
4,3521
4,272|
1.1251
i;047
1,263
l129
,640!
,644
,651
,6621
153
153
153
152
8,049
7,910
7,772
7,400
2891
314
332
320
423
391
388
392
272
186
347
372
635
684
710
728
7,566
7,556
7,558
7,576
Mar. 4.
11.
18..
25..
9,451
906
9,344;
991!
9,710i
9771
9,339; 1 .003
2,729j44,801?46,079
2,749;45:60li47;073
2,828 !45;463147,060
2.640 45,10l|46,025
4,290
4,144
4,106
4,162
1,187? 1,566^4,855
'
'-"
99324,886!
1,185
1,269 2,071 24,920|
1,152 1,728 24,907j
,652!
,6451
,652j
,594
152
153
153
155
7,963!
7,978|
7,954|
7,435!
314
332
358
369
395
367
353
368
406!
345
713
446
773
817
415
813
7,608
7,605
7,588
7,599
Apr.
1..
8..
15..
2^
29*!!
9,482i
939, 2,914:44,•,025 45 ,218
9,566; 95l! 2J638 451067 46 ,078
9,728: 974; 3.053|46,198 48 ,589
9,729; 1,005! 2:678146,109 47 ,399
9,538; 1,026! 2.718145,961 46,649
4,515
4,174
4,412
4,435
4,638
1,281
1,172
1,333
1,321
1,183
3,484 24,944i
2,398 24,989
1,929 24,963
1,732124,972
2,054|25,006
153
152
153
152|
152!
8,419! 372|
8,109
8,401
331
7,620
7,375
3081
365
409
420
419
417
234 1,086 7,640
639
403 7,654
595
440 7,646
666
541 7,637
371
810 7,674
May
6. .
13..
20..
27..
9,624? 922! 2.614 45,080 45,989
9,673 1,025! 2; 731 45,072j47,409
9,500 1.004! 2,783 45,024 46,501
9,430 1,0341 2,622|45,281 46,264
4,520
4,327
4,381
4,535
1,159
1,122
1,139
1,100
2,09225,048
2,966 25,071
2,733 25,123
2,323 25,169
152
151
151
152!
7,820
7,893
7,552
7,248
303;
307
310|
322!
421
422
414
415
623 588 7,688
487 736 7,658
231 1,062 7,683
352 954 7,699
June
3. .
10..
17..
24..
,632:
,604!
,598!
,623!
,659|
I
,677
,672
,6691
,668!
,681;
,669i
,654^
1,6291
149
150
150
150
7,654!
7,824
8,063
7,328
323'
327
323
325
415
412
410
391
5781 1,024 7,717
716 938 7,708
903 460 7,692
655|
835 7,707
"I
<~l AC\
\ A C
S~f\ 4
I A -I
*%**'•»
A
1 A J
9,443j 9601 2,631144,858 45,767 4,456! 1,190
9,211 1,020 2,689145,468;46,786 4,252! 1,169
9,682; 1.024 2,908 '45,503 47, Mo 4,027 1,363
9,373 1,052 2,648145,108 46,254' 4,263 1,249
I
1
Demand deposits other than interbank and U. S. Govt., less cash
items reported as in process of collection.
* This table incorporates revisions not shown in the data published
on p. 1207 of the BULLETIN for September 1959. The revisions affect (1)
reserves with F. R. Banks and cash in vault on Oct. 15 and Dec. 3, 1958,
1,999 24,776
1,741 24,779
2,239 24,817
2051j24817
2,051j24,817
1,893 25,235
1,161 25,260
2,080 25,305
2,174 25,400
and (2) time deposits of States and political subdivisions and interbank time deposits on Nov. 26, 1958.
For description of revised coverage, see BULLETIN for August 1959,
p. 885.
Financial Statistics
* International *
International capital transactions of the United States. .
1426
Net gold purchases and gold stock of the United States.
1434
Estimated foreign gold reserves and dollar holdings. .
1435
Reported gold reserves of central banks and governments. .
1436
Gold production.
1437
International Bank and Monetary Fund.
1438
United States balance of payments. .
1439
Money rates in foreign countries. .
1439
Foreign exchange rates
1441
Index to statistical tables.
1448
Tables on the following pages include the principal available statistics of current significance
relating to international capital transactions of
the United States, foreign gold reserves and dollar holdings, and the balance of payments of the
United States. The figures on international capital transactions are collected by the Federal Reserve Banks from banks, bankers, brokers, and
dealers in the United States in accordance with
the Treasury Regulation of November 12, 1934.
Other data are compiled largely from regularly
published sources such as central bank statements and official statistical bulletins. Back figures for 1941 and prior years, together with descriptive text, may be obtained from the Board's
publication, Banking and Monetary Statistics.
1425
1426
INT'L CAPITAL TRANSACTIONS OF THE U. S.
TABLE 1. SHORT-TERM LIABILITIES TO FOREIGNERS REPORTED BY BANKS IN THE UNITED STATES, BY COUNTRIES 1
[Amounts outstanding, in millions of dollars]
Grand
total
Date
International
institutions 2
Officials
Germany,
Fed.
Rep.
of
Foreign countries
Total
Italy
United
Kingdom
Other
Europe
Total
Europe
Latin
Canada America
All
other
Asia
1954—Dec.
1955—Dec.
1956—Dec.
1957_Dec.
31
31
31
31
12,919
13,601
14,939
15,158
1 ,770
1 ,881
1 ,452
1 ,517
11,149
11,720
13,487
13,641
6,770
6,953
8,045
7,917
1 ,373
1 ,454
1 ,835
1 ,557
579
785
930
1,079
640
550
1,012
1,275
3,030
3,357
3,089
3,231
5,621
6,147
6,865
7,142
1,536
1,032
1,516
1,623
1,906
2,000
2,346
2,575
1,821
2,181
2,415
1,946
265
360
346
355
1958—Sept.
Oct.
Nov.
Dec.
30
31
30
31
15,648
15,945
16,052
16,159
,483
,436
,485
,544
14,165
14,508
14,567
14,615
8,411
8,664
8,639
8,665
1 ,733
1 ,761
: ,755
,755
1,087
1,152
1,132
1,121
,076
945
977
'873
3,664
3,785
3,792
3,960
7,560
7,643
7,656
'7,708
1,944
2,060
2,071
2,019
2,291
2,394
2,407
'2,403
2,092
2,126
2,148
2,205
277
286
285
279
1959_jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
31
28
31
30
31
30
31
'16,228
'16,617
'16,655
16,799
'17,148
18,418
18,651
18,782
19,159
L,538
1,541
,676
,668
1,719
2,756
1,780
2,720
2.988
l4 9 691
'15,076
'14,980
'15,131
'15,429
15 662
15,870
16,062
16,171
8,533
8,757
'8,623
'8,438
'8,802
8,967
9,081
9,161
9,220
,693
,697
,385
,295
,403
,459
,435
,391
.413
1,159
1,170
1,231
1,245
1,298
1,409
1,426
1,562
1,578
,076
,131
,123
,228
,094
,084
,091
,093
,056
3,784
3,920
4,005
'4,083
'4,183
4,279
4,402
4,501
4,609
r
2,081
2,142
2,087
2,171
2,094
2,122
2,231
2,135
2,245
2,381
2,382
2,522
'2,463
2,661
2,548
2,436
2,512
2,357
2,235
2,339
2,337
2,357
2,391
2,439
2,522
2,528
2,558
282
295
290
290
304
322
327
340
355
3\P
30^
r
7,711
'7,918
'7,744
'7,851
'7,978
8,231
8,354
8,547
8,656
Table la. Other Europe
Date
Other
Europe
Austria
Belgium
Denmark
Finland
France
Greece
Netherlands
Norway
Portugal
Spain
Sweden
Switzerland
Turkey
Yugoslavia
All
other*
1954—Dec.
1955—Dec.
1956 Dec
1957—Dec.
31
31
31
31
3,030
3,357
3 089
3,231
273
296
349
100
108
117
130
71
60
65
112
41
49
53
64
715
1,081
626
354
113
176
177
154
249
164
134
203
103
82
67
93
91
132
137
142
71
104
43
24
141
153
217
260
672
757
836
967
8
9
20
18
9
13
17
11
371
209
282
349
1958—Sept.
Oct
Nov
Dec.
30
31
30... .
31
3,664
3,785
3,792
3,960
418
425
413
411
106
108
107
115
162
162
156
169
63
71
64
69
413
468
492
532
112
117
121
126
337
330
328
339
101
108
113
130
157
165
165
163
33
28
36
36
292
281
281
303
799
799
786
852
10
16
16
20
11
9
9
9
651
699
704
685
1959
31
28 .
31
30
31
30
31 . .
3,784
3 920
4,005
'4,083
'4,183
4,279
4 402
4,501
4,609
408
410
417
410
409
390
390
391
394
109
105
117
151
124
118
122
119
129
142
129
138
130
110
110
119
98
113
74
76
75
'74
'73
71
72
76
71
518
637
644
649
855
981
1,054
1,139
1,157
129
132
138
145
156
154
164
165
161
356
345
347
361
363
356
397
423
435
112
114
108
104
108
113
109
102
103
148
157
175
171
162
151
153
155
151
31
32
30
29
33
35
32
59
67
280
280
294
321
322
350
351
343
330
786
796
846
853
857
878
868
867
905
18
20
20
25
22
21
27
29
32
8
6
6
7
6
7
6
7
6
666
682
650
651
582
544
538
528
554
Jan.
Feb
Mar.
Apr
May
June
July
Aug.
Sept.
31P
30?
261
Table l b . Latin America
Date
Latin
Amer- Argentina
ica
Bolivia
Brazil
Chile
Colombia
Cuba
Dominican
Republic
El
Sal- Guate- Mexico
vador mala
Netherlands
West
Indies
and
Surinam
Panama,
Republic of
Peru
Uruguay
Other
Vene- Latin
zuela America
1954—Dec.
1955 Dec.
1956—Dec.
1957 Dec.
31
31
31
31
1,906
2,000
2,346
2,575
160
138
146
137
29
26
29
26
120
143
225
132
70
95
91
75
222
131
153
153
237
253
211
235
60
65
68
54
30
24
25
27
35
45
64
65
329
414
433
386
49
47
69
73
74
86
109
136
83
92
84
60
90
65
73
55
194
265
455
835
124
112
111
124
1958—Sept.
Oct.
Nov.
Dec.
30
31
30
31
2,291
2,394
2,407
, , '2,403
131
134
141
150
21
22
21
22
133
130
132
138
84
74
73
100
137
170
176
169
274
276
280
286
48
42
42
40
25
26
23
26
48
45
43
42
370
383
413
418
72
76
81
79
148
147
145
146
72
70
73
77
80
82
83
82
514
582
542
494
136
135
139
'133
1959_jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
31
28
31
30
31
30
31
2,381
2,382
2,522
'2,463
2,661
2,548
2,436
2,512
2,357
149
189
180
180
211
206
222
245
268
22
20
20
20
22
22
23
20
20
164
166
178
151
176
154
154
162
169
95
85
95
92
102
130
121
144
171
178
198
189
199
210
201
203
209
194
281
267
263
257
250
242
227
206
202
40
38
41
49
46
44
43
40
35
31
33
33
38
39
38
33
29
25
40
43
43
43
44
42
39
37
35
393
389
401
412
445
406
402
416
400
72
76
74
79
78
78
80
79
85
147
155
156
157
150
147
159
155
153
72
72
74
81
82
77
77
81
88
92
89
96
84
85
89
77
85
73
464
410
508
443
549
500
407
428
278
143
152
170
'178
172
170
169
176
161
31P
30P
Preliminary.
' Revised.
For other notes see following page.
1427
INT'L CAPITAL TRANSACTIONS OF THE U. S.
TABLE 1. SHORT-TERM LIABILITIES TO FOREIGNERS REPORTED BY BANKS IN THE UNITED STATES, BY COUNTRIESi—Continued
[Amounts outstanding, in millions of dollars]
Table 1c. Asia and All Other
All other
Asia
Kote
Total
Hong
Kong
India
rea,
Re-
Indonesia Iran
Israel Japan public
of
1954_Dec.
1955—Dec.
1956—Dec.
1957—Dec.
31
31
31
31
1,821
2,181
2,415
1,946
61
55
66
70
87
73
76
82
100
174
186
151
31
37
20
55
41
53
45
52
1958—Sept.
Oct.
Nov.
Dec.
30
31
30
31
2,092
2,126
2,148
2,205
65
64
63
62
73
76
75
77
91
99
105
108
43
35
38
43
40
45
52
56
1959—Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
31
28
31
30
31
30
31
31*\...
30^....
2,235
2,339
2,337
2,357
2,391
2,439
2,522
2,528
2,558
61
57
62
57
58
57
56
57
58
78
86
90
91
94
99
113
103
119
108
112
119
108
81
77
88
92
108
53
51
55
54
51
39
27
28
27
54
60
62
65
70
86
86
94
78
Table Id.
Philip-
Taiwan
pines
Union
of
ThaiAus- Belland Other Total tralia gian Egypt 6 South Other
Congo
Africa
586
96
88
99
117
257
252
272
175
34
39
61
86
123
138
148
157
270
380
425
417
265
360
346
355
48
75
84
85
44
42
44
39
47
72
50
40
33
53
53
38
94
119
114
153
889
925
925
935
128
129
133
145
177
159
158
176
93
96
99
99
140
136
133
133
353
361
367
371
277
286
285
279
74
77
76
79
31
31
31
30
18
20
20
16
28
30
30
30
126
128
127
125
957
144
147
147
146
142
145
147
148
150
156
169
173
164
175
168
163
184
180
98
96
94
91
92
90
90
90
86
134
139
138
133
133
134
133
126
127
391
402
400
418
427
443
487
501
484
282
295
290
290
304
322
327
340
355
82
80
83
83
83
91
84
85
109
31
31
33
33
33
35
39
30
29
17
17
16
15
16
16
16
16
16
31
37
28
28
33
36
48
53
43
121
129
130
132
139
144
140
155
159
721
893
1,017
1,020
998
1,028
1,068
1,101
1,131
1,106
1,140
Supplementary Areas and Countries 7
End of year
End of year
Area or country
Other Europe:
Albania. .
British dependencies.
Bulgaria
Czechoslovakia 8
Eastern Germany
Estonia
Hungary
Iceland
Ireland Republic of
Latvia
Lithuania
Luxembourg
Monaco
Poland? 8
Rumania
Trieste
U. S. S. R.8
Other Latin America:
British dependencies
Costa Rica
Ecuador
French West Indies and French Guiana
Haiti
Honduras
Nicaragua
Paraguay
Other Asia:
Afghanistan
Bahrein Islands
British dependencies . .
p
1
Area or country
1955
1956
1957
4
4
.7
3
4
1
'3
.6
.7
1 3
1 8
1.0
4.8
13.7
1.0
3
3.1
5.6
2.5
8.1
1 4
.5
1 2
1 9
.8
3.1
9.1
.6
4
13.2
4.3
3.3
.9
1 4
.7
3 1
1 7
.7
2 9
9.0
.5
5
16.4
5.4
3.2
.8
1 2
.6
1 4
1 7
.9
3 5
n.a.
.6
7
16.1
5.9
4.9
.9
16.6
17.6
14 9
24.0
16.4
?2 7
40.9
24.5
17 4
12.1
9.7
12.8
3 6
24.1
14.6
18 0
1 0
8.9
10.2
11.8
4 0
11.2
12.6
12.7
5 1
7.7
6.3
11.3
3 4
4.1
.5
8 2
5.3
1.7
7 4
4.7
.9
8 0
n.a.
t9
4 3
7
6
8
1958
na
4
.3
5
7
8
5
Preliminary.
n.a. Not available.
Does not include banking liabilities to foreigners maturing in more
than
one year; such liabilities amounted to $51 million on Sept. 30, 1959.
2
Includes International Bank for Reconstruction and Development,
International Monetary Fund, and United Nations and other international
organizations.
3
Represents liabilities to foreign central banks and foreign central
governments and their agencies (including official purchasing missions,
trade
and shipping missions, diplomatic and consular establishments, etc.).
4
Includes $ 1,031 million representing increase in United States dollar
subscriptions
to the International Monetary Fund paid in June 1959.
5
Includes Bank for International Settlements.
6 Part of the United Arab Republic since February 1958.
7
Except where noted, these data are based on reports by banks in.
Other Asia (Cont.):
Burma
Cambodia
Ceylon
China Mainland 8
Iraq
Jordan
Kuwait
Laos.
Lebanon
Malaya, Fed. of
Pakistan
Portuguese dependencies
Ryukyu Islands
Saudi Arabia
Syria ^
Viet-Ncim
All other:
British dependencies
Ethiopia and Eritrea
French dependencies
Liberia
.
Libva
Morocco:
Morocco (excl. Tangier)
Tangier
New Zealand
Portuguese dependencies
Somalia
Spanish dependencies
Sudan
Tunisia
.
1955
1956
19 1
13.1
32.9
36.2
14.7
1 2
3.5
23.1
18.0
1.6
5 7
2.0
34.0
79.5
13.1
62 3
2.4
. . . 23.7
8.0
13.1
9.9
3.8
24.2
10.5
23.7
3.7
14.8
33.5
1.9
5.3
\l
n.a.
.7
1957
1958
7.0
6.7
17.2
41.2
35.5
16.9
2 0
5.3
37.3
22.3
1.4
20 2
2.7
30.6
97.4
17.1
50.1
20.0
34.2
36.3
19.6
1.6
5.9
33.1
28.2
1.6
12.8
3.1
32.7
94.8
3.5
58.5
n.a.
24.9
n.a.
36.0
18.0
2.8
10.3
n.a.
37.9
n.a.
5.6
3.1
15.2
60.2
4.7
48.8
2 3
35.1
10.7
23.0
10.7
1.8
27.8
6.5
13.0
13.6 32.2
22.4 19.2
"> 2 1.9
2.8
4.4
.9
25.4
18.1
6.9
4.0
n.a.
.4
5.2
.3
• ;
.8
6.4
the Second (New York) Federal Reserve District. They represent a
partial breakdown of the amounts shown in the "other" categories in
Tables la-lc.
8 Based on reports by banks in all Federal Reserve districts.
NOTE.—Statistics on international capital transactions of the United
States are based on reports by U. S. banks, bankers, brokers, and dealers,
by branches or agencies of foreign banks, by certain domestic institutions
not classified as banks that maintain deposit or custody accounts for
foreigners, and by the U. S. Treasury. The term "foreigner" is used to
designate foreign governments, central banks, and other official institutions, as well as banks, organizations, and individuals domiciled abroad
and the foreign subsidiaries and offices of U. S. banks and commercial
firms.
1428
INTL CAPITAL TRANSACTIONS OF THE U. S.
TABLE 2. SHORT-TERM LIABILITIES TO FOREIGNERS REPORTED BY BANKS IN THE UNITED STATES, BY TYPES
[In millions of dollars]
Payable in dollars
To all other foreigners
To banks and official institutions
Date, or area
and country
Payable
in foreign
currencies
Total
Total
Deposits
U.S.
Treasury
bills and 1
certificates
Other 2
Total
Deposits
U.S.
Treasury
bills and
certificates
Other 2
Total amounts outstanding
1954 Dec
1955 Dec
1956—Dec.
1957 Dec
31
31
31
31
1958 Sept
Oct
Nov.
Dec
30
31
30
31
...
1959 Jan 31
Feb. 28
Mar. 31
Apr 30
May 31
June 30
July 31 v
Aug 31
Sept. 30*>
12,919
13,601
14,939
15,158
11,070
11,777
12,860
12,847
5,479
5,451
5,979
5,875
4,955
5,670
5,990
5,840
637
656
891
J 112
1,805
1,783
2,030
2,252
1,520
1,543
1,653
1,766
251
184
243
278
34
56
134
209
43
40
49
59
15,648
15,945
16,052
16,159
13,312
13,576
13,606
13,669
6,705
6,711
6,736
6,772
5,512
5,767
5,748
5,823
1,095
1,097
1,122
1,075
2,257
2,292
2,380
2,430
1,893
1,897
1,929
1,951
229
242
279
306
135
153
172
174
79
77
66
59
16,228
13,716
14,056
14,115
r
14
192
r
14,564
15,786
16,011
lb,099
16,520
6,802
6,797
6,936
6 864
6,775
6,694
6,497
6,366
6,558
5,826
6,173
6,079
r
6 238
r
6,628
7,932
8,349
8,525
8,745
1,088
1,085
1,099
1,090
1,161
'2,461
r
2,499
2,488
1,946
1,932
1,970
r
l 966
1,975
1,996
2,023
2,048
1,956
'326
r
371
338
305
314
301
303
330
189
197
205
234
243
244
249
266
283
52
62
54
69
62
77
67
66
71
(3)
2
(3)
(3)
(3)
(3)
3
1
1
2
(3)
r
16,617
r
16,655
16 799
r
17,148
18,418
18,651
18,782
19,159
160
1,165
1,209
1,217
2,523
2,554
2,573
2,617
2,568
Area and country detail, July 31, 1959
Europe:
Austria
Belgium
390
122
119
72
359
50
53
8
249
23
6
48
53
713
6
18
5
9
35
2
47
13
1
58
2
40
11
1
52
189
22
1,026
124
1,103
193
4
25
13
20
176
23
37
30
29
25
Finland
France
1,054
388
75
106
71
996
Germany, Fed. Rep. of
Greece
Italy
1,435
164
1,426
1,409
150
1,388
397
367
137
130
67
43
Norway
109
Portugal
Spain
Sweden
Switzerland
Turkey
153
32
351
868
27
104
14
338
704
24
97
14
70
292
24
1,091
6
538
8,354
660
6
511
.
United Kingdom
Yucoslavia
Other Europe
Total
Canada
Latin America:
Argentina
Bolivia
Brazil
Chile
Colombia
Cuba
Dominican Republic
El Salvador
Guatemala
Neth. W. Indies and Surinam
Panama ReD of
Peru
Uruguay
.•
...
Venezuela
Other Latin America
Total
42
7
48
18
13
160
2
47
18
12
100
2
393
39
(3)
3
4
1
7
3
2
1
(3)
(3)
()
42
k
163
157
74
38
8
18
3
2
3
927
592
203
132
48
22
319
197
78
44
16
1
77
16
108
53
70
106
76
15
100
52
70
100
276
6
95
338
46
7,379
2,114
4,322
943
2,231
1,897
1,328
547
222
23
154
121
145
7
46
68
144
7
41
68
203
133
IM
227
121
75
43
33
39
13
16
22
13
9
9
402
264
80
308
(3)
6
(3)
3
(3)
(3)
(3)
(3)
(3)
1
5
(3)
6
44
2
7
7
2
30
16
17
30
16
16
(3)
244
6
19
138
136
1
1
44
21
16
7
36
12
5
19
159
77
77
407
169
27
30
31
243
88
25
30
29
242
55
1
(3)
(3)
133
47
46
164
81
101
45
40
159
80
4
1
2
3
27
1
4
2
19
2
1
14
2,436
1,298
1,144
104
50
1,136
1,049
19
(3)
2
1
19
245
(3)
n
1
214
167
r
v Preliminary.
Revised.
i Includes International Monetary Fund's holdings of nonnegotiable,
non-interest-bearing demand notes of the United States which amounted
to $1,989 million on July 31, 1959.
149
61
6
(3)
(3)
(3)
(3)
j
(3)
68
1
Represents principally bankers' acceptances and commercial paper.
3 Less than $500,000.
1429
INT'L CAPITAL TRANSACTIONS OF THE U. S.
TABLE 2. SHORT-TERM LIABILITIES TO FOREIGNERS REPORTED BY BANKS IN THE UNITED STATES, BY TYPES—Continued
[In millions of dollars]
Payable in dollars
Area and
country
Total
To banks and official institutions
Total
Deposits
U. S.
Treasury
bills and
certificates
To all other foreigners
Other i
Total
Deposits
U. S.
Treasury
bills and
certificates
Payable
in foreign
currencies
Other i
Area and country detail, fury 31, 1959—Continued
Asia:
Hong Kong
India
Indonesia
Iran
Israel
56
113
oo
26
24
2
4
4
26
24
2
4
4
13
3
19
8
13
3
19
7
27
86
30
88
86
23
82
26
49
56
23
27
Japan
Korea Rep of
Philippines
Taiwan
. ..
Thailand
Other Asia
1,131
147
163
90
1,118
144
144
82
599
143
128
80
474
1
45
4
130
446
42
312
81
112
13
2
7
22
3
40
3
40
Total
2,522
2,376
1,484
774
117
145
143
1
84
39
16
48
140
80
38
15
46
104
37
21
13
29
79
4
3
(2)
19
4
1
1
2
36
2
33
1
3
327
282
178
39
11
2
17
5
74
30
44
40
1
3
1
15,870
13,232
6,249
5,821
1,162
2,571
2,021
301
249
67
301
249
67
OO
133
487
All other:
Australia
Belsian3 Conso
Egypt
....
Union of South Africa....
Other
Total
Total foreign countries.
International institutions....
Grand total
5
38
30
2
( )
21
34
6
2,780
2,779
249
2,527
3
1
1
18,651
16,011
6,497
8,349
1,165
2,573
2,023
(2)
(2)
1
(2)
(2)
(2)
(2)
(2)
(2)
(2)
1
(2)
1
1
1
(2)
1
3 Part of the United Arab Republic since February 1958.
1 Represents principally bankers' acceptances and commercial paper.
2 Less than $500,000.
TABLE 3. SHORT-TERM CLAIMS ON FOREIGNERS REPORTED BY BANKS IN THE UNITED STATES, BY COUNTRIES 1
[Amounts outstanding, in millions of dollars]
Total
Date
GerFrance many,
Fed.
Rep. of
Italy
Switzerland
United Other Total
King- Europe Europe
dom
Canada
Latin
America
Asia
All
other
Dec
Dec
Dec.
Dec
31
31
31
31
1,387
1,549
1,946
2,199
12
18
114
88
157
140
30
43
56
109
104
98
109
402
26
29
34
158
216
211
144
157
154
728
143
423
568
654
706
840
956
233
337
386
43
43
50
1958 Sept
Oct
Nov.
Dec
30
31
30
31
2,540
2,577
2,487
2,542
90
93
96
102
109
103
88
77
39
36
35
36
36
38
35
42
127
115
120
124
315
316
301
315
716
700
675
696
256
276
232
243
1.040
1,078
,064
,099
450
442
438
435
79
81
79
69
1959 Jan
Feb
Mar
Apr.
May
June
July
Aug
Sept
31
28
31
30
31
30
31
31 p .
30 p
2,432
2,379
2,419
2,399
2 427
2,441
2 384
2,362
2,381
102
100
102
103
68
68
60
58
52
54
52
31
29
36
33
34
37
31
38
35
39
45
107
102
88
94
644
622
589
588
105
,072
1,054
1,068
,027
L,064
1,082
000
68
63
61
61
520
510
34
33
34
39
241
218
246
242
236
229
245
407
422
454
481
39
297
288
264
255
236
220
234
65
64
969
961
518
510
66
54
1954
1955
1956
1957
. . .
14
99
94
91
89
81
70
47
44
P Preliminary.
i Short-term claims reported in these statistics represent principally
the following items payable on demand or with a contractual maturity
of not more than one year: loans made to and acceptances made for
20
16
34
36
173
105
122
142
151
222
239
565
544
566
569
586
76
241
270
502
37
61
foreigners; drafts drawn against foreigners that are being collected by
banks and bankers on behalf of their customers in the United States;
and foreign currency balances held abroad by banks and bankers and their
customers in the United States.
1430
INT'L CAPITAL TRANSACTIONS OF THE U. S.
TABLE 3. SHORT-TERM CLAIMS ON FOREIGNERS REPORTED BY BANKS IN THE UNITED STATES, BY COUNTRIES i—Continued
[Amounts outstanding, in millions of dollars]
1954
1955
1956
1957
Dec 31
Dec. 31
Dec 31
Dec. 31
1958 Sept
Oct
Nov
Dec
30
31
30
31
1959—Jan. 31
Feb 28
Mar. 31
Apr 30
May 31
June 30
July 31 3
Aug. 31*p
Sept 30
. . .
Belgium
Denmark
Finland
Netherlands
Norway
2
9
23
23
(2)
2
2
2
22
20
21
2
2
2
109
158
216
211
(2)
2
7
6
20
16
28
25
10
13
12
11
3
3
4
4
3
4
4
6
16
11
21
29
315
316
301
9
9
8
63
64
68
8
7
10
3
4
5
8
10
8
44
49
53
315
7
65
14
6
7
56
22
297
6
66
15
6
6
58
20
288
264
255
236
5
5
5
5
64
63
62
51
16
12
10
9
6
5
5
6
5
6
7
8
18
15
14
11
8
9
5
5
7
7
59
52
40
34
222
239
5
6
48
50
9
10
5
7
7
7
24
22
10
10
220
234
50
53
6
6
Table 3b.
Date
Greece
Latin ArgenAmertina
ica
Bolivia
Brazil
Chile
Colombia
31
32
Portugal
10
8
Sweden
Turkey
4
5
8
8
4
7
13
10
41
78
88
76
(2)
(2)
59
55
31
13
13
15
72
72
69
(2)
Spain
Yugoslavia
1
2
(2)
1
All
other
5
7
7
10
10
11
9
to
Other
AusEurope tria
Date
Other Europe
30
24
72
9
to
Table 3a.
26
18
64
10
2
2
3
2
25
27
29
28
16
16
14
15
60
50
51
51
1
1
2
2
3
13
14
11
11
13
19
70
75
4
3
15
17
2
2
26
25
2
2
10
12
49
57
9
9
14
16
Latin America
Cuba
Dominican
Republic
El
Guate- MexSalico
vador mala
Netherlands
West
Indies
and
Surinam
Panama,
Republic of
Peru
Uruguay
Other
Vene- Latin
zuela America
1954—Dec.
1955 Dec.
1956—Dec.
1957—Dec.
31
31
31
31
728
706
840
956
6
7
15
28
3
4
4
3
273
69
72
100
14
14
16
33
107
143
145
103
71
92
90
113
3
5
7
15
10
8
11
8
4
5
7
8
116
154
213
231
1
3
5
2
9
17
12
18
16
29
35
31
7
18
15
42
63
105
144
170
27
34
49
51
1958—Sept.
Oct.
Nov.
Dec.
30
31
30
31
1,040
1,078
1,064
1,099
48
35
34
40
3
3
3
3
183
165
138
148
47
47
47
52
49
50
51
51
127
151
155
166
14
19
19
19
10
10
11
10
9
9
10
12
274
290
294
293
2
4
6
6
24
23
23
23
28
31
31
31
50
54
54
52
125
138
139
142
1959—Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
31
28
31
30
31
30
31
1,072
1,054
1,068
1,027
1,064
1,082
1,000
969
961
38
38
38
40
43
45
44
44
48
4
3
176
176
172
136
156
167
151
134
125
51
48
50
52
58
65
40
41
42
49
48
49
50
50
53
53
55
55
151
150
149
'"149
140
130
119
92
84
20
23
25
25
23
27
29
28
30
6
6
5
5
5
6
6
7
9
12
11
9
10
10
10
9
11
10
269
260
263
263
278
279
271
269
267
4
3
4
4
3
3
3
3
3
22
24
25
'27
'28
22
21
24
22
28
30
34
38
*-37
31
34
34
32
50
43
45
33
34
38
27
39
40
140
139
144
139
143
151
139
136
142
49
49
49
53
52
53
53
54
52
51
49
50
49
3\P
30?
3
3
3
3
3
3
Table 3c. Asia and All Other
Asia
Total Hong
Kong India
Iran
Israel Japan
All other
Phil-
1954—Dec.
1955—Dec.
1956—Dec.
1957—Dec.
31.
31.
31.
31.
143
233
337
386
16
18
20
22
11
10
16
24
50
103
170
146
7
19
16
53
1958—Sept.
Oct.
Nov.
Dec.
30.
31.
30.
31.
450
442
438
435
27
29
27
27
21
22
27
23
209
196
186
179
41
39
41
67
407
422
454
481
502
520
510
518
510
29
28
34
34
32
35
31
29
30
25
22
19
18
16
16
17
15
13
168
175
204
224
242
260
256
269
262
38
42
34
29
29
24
18
18
17
1959—Jan. 31.
Feb. 28.
Mar. 31.
Apr. 30.
May 31.
June 30.
July 31.
Aug. 31P
Sept. 30P
r
Preliminary.
Revised,
i See note 1 on preceding page.
Tai-
8
9
10
9
Thai- Other Total
land
Union
BelAus- gian
of
Egypt3 South
Other
tralia Congo
Africa
9
14
14
14
16
13
39
60
91
110
37
43
43
50
14
11
11
13
12
10
17
17
19
121
123
120
111
79
81
79
69
13
14
13
13
41
37
29
23
17
23
29
27
14
13
14
17
17
20
12
13
12
116
124
130
137
142
143
153
151
155
68
63
61
61
61
65
64
66
54
12
12
11
11
12
15
14
16
18
24
24
21
19
19
20
20
21
14
27
22
24
24
25
26
25
25
18
2 Less than $500,000.
3 Part of the United Arab Republic since February 1958.
1431
INT'L CAPITAL TRANSACTIONS OF THE U. S.
TABLE 4. CLAIMS ON FOREIGNERS REPORTED BY BANKS IN THE UNITED STATES, BY TYPES
[In millions of dollars]
Short-term
Payable in dollars
Date, or area
and country
Longterm—
total 1
Payable in foreign currencies
Loans to:
Total
Total
Banks and
official
institutions
Others
Collections
outstanding
Other
Deposits
with
foreigners
Total
Other
Total amounts outstanding
1954—Dec.
1955—Dec.
1956—Dec.
1957—Dec.
31
31
31
31
1,387
1,549
1,946
2,199
1,176
1,385
1,796
2,052
449
489
582
627
142
236
330
303
301
353
440
423
283
307
444
699
211
164
150
147
173
144
131
132
38
20
19
15
1958—Sept.
Oct.
Nov.
Dec.
30
31
30
31
2,540
2,577
2,487
2,542
2,324
2,347
2,298
2,344
862
859
806
840
375
394
418
428
406
428
420
421
680
666
654
656
217
230
189
198
204
212
174
181
13
18
16
16
1959—Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
31
28
31
30
31
30
31
31-"
30''
2,432
2,379
2,419
2,399
2,427
2,441
2,384
2,362
2,381
2,281
2,227
2,258
2,247
2,264
2,280
2,204
2,182
2,183
780
744
746
738
731
743
717
713
735
416
412
424
434
424
413
413
421
424
417
413
428
427
434
455
437
442
453
667
658
660
648
674
669
637
607
570
151
152
161
152
164
161
180
180
199
136
138
146
136
149
144
153
152
163
15
13
15
16
15
17
27
28
36
Area and country detail, July 31, 1959
Europe:
Austria
Belgium
Denmark
Finland
France
Germany, Fed. Rep. of...
Greece
Italy
Netherlands
Norway
23
28
1
2
20
7
50
17
151
6
53
9
5
91
6
47
9
5
89
1
36
52
7
31
32
43
7
30
29
12
3
3
4
10
12
1
2
6
3
1
6
2
1
6
4
77
19
4
9
11
3
9
1
Portugal
Spain
Sweden
Switzerland
Turkey
2
9
33
2
25
12
36
57
25
11
26
57
()
14
(2)
12
53
1
1
6
4
3
United Kingdom
Yugoslavia
69
(2)
10
122
3
14
32
3
13
16
3
3
13
432
566
444
164
51
99
129
122
104
19
101
245
195
18
161
7
10
49
44
5
61
44
3
151
40
53
119
44
3
151
40
53
119
(
44
12
5
77
()
14
3
18
11
23
18
6
19
16
29
6
9
271
29
6
9
269
53
3
3
6
26
11
2
1
80
1
12
19
7
1
90
73
(2)
(2)
(2)
17
"<?)•
Other Europe
Total
Canada
Latin America:
Argentina
Bolivia
Brazil
Chile
Colombia
Cuba
Dominican Republic
El Salvador
Guatemala
Mexico
Netherlands W. Indies
and Surinam
Panama, Rep. of
Peru
Uruguay
Venezuela
Other Latin America
Total
264
27
20
95
()
120
109
1
3
33
13
1
46
54
21
34
27
139
49
21
34
27
137
49
()
3
14
5
17
4
3
37
14
3
16
2
45
25
42
6
736
1,000
995
298
190
217
290
P Preliminary.
1
Represents mainly loans with an original maturity of more than one
year.
23
2 Less than $500,000.
1432
INTL CAPITAL TRANSACTIONS OF THE U. S.
TABLE 4. CLAIMS ON FOREIGNERS REPORTED BY BANKS IN THE UNITED STATES, BY TYPES—Continued
[In millions of dollars]
Short-term
Payable in dollars
Longterm—
total*
Area and
country
Payable in foreign currencies
Loans to:
Total
Total
Banks and
official
institutions
Others
Collections
outstanding
Other
Deposits
with
foreigners
Total
Other
Area and country detail, luly 31, 1959—Continued
Asia:
Hons Konjz
India
2
13
23
5
9
Iran
Israel
Total
All other:
Australia
Belgian Congo
•..
Union of South Africa
Other
Total
2
3
5
1
31
17
2
3
(2)
17
256
5
18
8
12
147
51
3
12
5
3
131
1
(2)
11
3
256
5
18
8
12
148
92
510
509
217
4
23
2
13
3
\
20
24
1
(2)
19
76
14
3
\
20
25
9
11
4
7
9
120
64
61
21
7
26
1,482
2,384
2,204
717
413
437
12
Other Asia
1
8
5
16
Japan
Korea Reo of
Philippines
8
6
1
(2)
(2)
C2)
29
2
(2)
11
n\
174
(2)
(2)
(2)
C2)
2
13
4
3
6
2
(2)
(2)
(2)
88
201
1
1
6
3
6
1
1
(2)
1
P)
1
7
3
1
2
637
180
153
27
31
2
2
International institutions....
Grand total
..
1
2
Represents mainly loans with an original maturity of more than
one year.
3
L e s s than $500,000.
p a r t of the United Arab Republic since February 1958.
TABLE 5. PURCHASES AND SALES BY FOREIGNERS OF LONG-TERM SECURITIES, BY TYPES i
[In millions of dollars]
U. S. Govt. bonds & notes
Year or month
1955
1956
1957
1958
1958
1959
Sept
Oct
Nov
Dec
.
. •
Jan
Feb
Mar
Apr
May
JuneJuly
Aug. p
Sept p
.
. . . .
Foreign bonds
Foreign stocks
Purchases
Sales
Net purchases, or
sales ( - )
Purchases
Sales
Net purchases, or
sales ( - )
1,341
883
666
1,224
812
1,018
718
1,188
529
-135
-52
36
1,886
1,907
1,617
1,759
1,730
1,615
1,423
1,798
156
291
194
-39
693
607
699
889
509
992
1,392
1,915
184
-385
-693
-1,026
664
749
593
467
878
875
622
804
— 214
-126
— 29
-336
38
80
17
58
36
31
51
53
3
49
-34
5
154
226
192
206
153
220
182
203
1
6
11
3
43
163
56
104
39
194
129
231
4
-31
-73
-127
49
44
37
38
81
75
67
73
-32
— 31
-30
-35
127
78
37
59
38
24
63
257
106
23
86
18
19
23
23
40
25
40
104
-7
19
39
15
1
23
232
66
213
181
231
226
240
222
229
181
166
195
164
224
196
203
181
190
145
134
18
17
7
30
37
41
39
36
32
134
99
63
49
111
45
60
27
156
186
185
89
74
169
45
163
27
194
-52
-86
-26
-25
-57
45
41
45
51
47
49
48
44
44
135
73
84
76
83
56
53
50
44
-90
— 32
— 39
-25
— 36
-6
_5
—5
Preliminary,
i Includes transactions of international institutions.
U. S. corporate securities2
2
Purchases
Sales
Net purchases, or
sales (—)
- $
-38
Purchases
Sales
Includes small amounts of U. S. municipal securities.
3 Less than $500,000.
Net purchases, or
sales ( - )
1433
INTL CAPITAL TRANSACTIONS OF THE U. S.
TABLE 6. NET PURCHASES BY FOREIGNERS OF UNITED STATES CORPORATE SECURITIES,
BY TYPE OF SECURITY AND BY COUNTRY 1
[Net sales, (—). In millions of dollars]
Country
Type of security
Year or month
Total
2
Stocks
1955
1956
1957
1958
.
.
.
1958—Sept
Oct
Nov
Dec
1959_jan
Feb
Mar
Apr
May
June . .
July p
Aus p
Sept
Bonds
156
291
194
-39
128
256
143
-56
29
35
51
17
1
6
11
3
-7
3
1
-3
8
3
10
6
18
'22
7
30
37
41
39
36
32
19
15
2
25
36
36
34
33
26
-2
Belgium
France
14
23
14
-3
n
5
1
5
6
3
7
9
23
8
2
Netherlands
Switzerland
-21
-7
35
-8
142
147
101
19
30
87
77
-1
4
5
13
14
-1
1
-4
-7
17
-6
2
-12
-2
4
4
-1
7
-4
(3)
4
-4
1
1
-1
-1
—1
1
4
-1
2
5
5
8
1
l
l
l
4
2
2
p
r
Preliminary.
Revised.
i Includes small amounts of U. S. municipal securitie!
United
Kingdom
20
27
21
21
19
18
24
Other
Europe
Latin
America
Total
Europe
Canada
183
280
255
10
-80
—53
-99
-86
27
38
23
23
26
27
15
14
-I
4
4
9
-3
1
2
1
4
5
4
2
1
2
-6
-7
-6
-6
2
6
6
3
2
2
3
13
15
8
31
33
31
27
33
29
(3)
3
2
2
2
3
2
4
4
6
2
1
3
4
4
5
7
1
3
10
7
20
1
r
4
-6
-8
-3
2
1
-1
-5
All
other 2
2 Includes transactions of international institutions.
3 Less than $500,000.
TABLE 7. NET PURCHASES BY FOREIGNERS OF LONG-TERM
FOREIGN SECURITIES, BY AREAS
TABLE 8. DEPOSITS AND OTHER DOLLAR ASSETS HELD AT
FEDERAL RESERVE BANKS FOR FOREIGN CORRESPONDENTS i
[Net sales, ( - ) . In millions of dollars]
[In millions of dollars]
Year or
month
InterTotal
national foreign Europe Caninsticounada
tutions
tries
Latin
Amer- Asia
ica
All
other
-27
—33
-384
-558
-4
-478
-338
-805
-46
8
231
-72
74
-447
-552
-543
24
17
15
5
-49
-40
-45
-45
-7
-16
13
-150
1958—Sept....
Oct....
Nov....
Dec....
3
-11
-6
-96
-31
-50
-97
-66
12
-32
-3
-9
-10
-10
-67
-14
2
-1
-6
-2
-3
-6
-8
1959—Jan....
Feb....
Mar....
Apr....
May...
June...
July....
Aug.*>..
Sept. P..
-44
6
-5
-8
-50
- 81
-99
-124
-60
-42
-43
2
-107
-5
-3
-37
-14
-22
-28
18
5
-4
-4
41
-59
-64
-24
-2
- 6 11
5
-3
_9
-3
3
3
1
1
1
-9
-41
-8
-8
-4
-7
-4
-2
3
-33
-5
-22
-31
1
2
3
-1
2
2
-1
1
-22
1955
1956
1957
1958
....
p
C)
0)
-34
Preliminary.
i Less than $500,000.
C)
-100
-1
-27
0)
Assets in custody
Date
Deposits
U. S. Govt.
securities2
Miscellaneous 3
1957—Dec. 31
356
3,729
353
1958_Oct. 31
Nov. 30
Dec. 31
288
226
272
3,777
3,822
3,695
481
487
480
1959—Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
274
310
307
266
291
294
278
252
312
284
3,681
3,857
3,593
3,559
3,750
3,900
4,131
4,286
4,346
4,409
510
509
509
504
524
528
525
520
548
547
31
28
31
30
31
30
31
31
30
31
1
Excludes assets held for international institutions, and earmarked
gold. See note 5 at bottom of next page for total gold under earmark
at 2Federal Reserve Banks for foreign and international accounts.
U. S. Treasury bills, certificates of indebtedness, notes, and bonds.
3 Consists of bankers' acceptances, commercial paper, and foreign and
international bonds.
1434
U. S. GOLD
NET GOLD PURCHASES BY THE UNITED STATES, BY COUNTRIES
[In millions of dollars at $35 per fine troy ounce. Negative figures indicate net sales by the United States]
Quarterly totals
Annual totals
1958
Area and country
Continental Western Europe:
Austria
Belgium
France
Germany (Fed. Rep. of)
Italy
Netherlands
Portugal
Sweden
Switzerland
Bank for Int'l Settlements
Other
...
1951
1952
1953
1-18.3
-20.0
1-5.8
1-94.8
-10.0
— i 36.6- 2 2 5 . 6
- 4 . 5 -100.0
-5.0
-34.9
-32.0
-15.0
22.5
-30 4
(2)
-29.7 -17.3
-184.8 -115.6
Total
Sterling Area:
United Kingdom
Union of South Africa
Other
1954
1955
1956
1957
-6.2
-65.0
-59.9
-20.0
-65.0
-94 3
-17.5
-67.5
-10.0
'-54[9 "-5.'6
-15.0
-15.5
-20 0
3.4
-33.8
3.4
J5.2
-8.0
— 143 6— i n 4 — SR 1
-348.8
-260.9
-20.0
- 1 6 8 . 8 - 123 8 i —56 3
- 6 2 . 9 - 4 6 . 4 -109.7 - 2 9 . 9
-20.0
-215.2
-178.3
^8.4
-135.1
-74.4
-18.5
Apr.June
Jan.Mar.
-39.3
-38.5
?S Q
|
— 75 1
— 60 7 — 28 6
-7.0
—1 3
-io!6
-25.0
3.0
-546.4 -328.3
-78.5
-20.2
67.7 - 1 , 4 2 8 . 3
329.2
- 6 2 3 . 2 - 4 4 7 . 5 -281.4
100.3
-900.0
-450.0! - 5 0 . 0 -100.0
-200.0
-900.0
-450.0
-100.0
-200.0
440.0
11.5
-.3
-480.0
-50.0
-.5
-.5
-.1
-480.5
-50.5
-.1
339.3
100.3
14.6
5 2
451.2
Canada
7.2
Latin America:
Argentina
Mexico
Venezuela
Other
-49.9
-60.2
-.9
-15.0
-20.0
87.7
Total....
-126.0
57.5
-131.8
62.5
Asia
-53.7
-6.7
-5.7
-9.9
-4.9
All other
-76.0
-.4
1.0
75.2
393.6 - 1 , 1 6 4 . 3 - 3 2 6 . 6
-68.5
75.2
393.6 - 1 , 1 6 4 . 3 - 3 2 6 . 6
— 68 5 280 2 771.6
-84.8
-28.1
80.3
-30.0
" * — 18! 8 12.2
(2)
115.3
75.4
-200 6
56.4
14.0
5.5
14.0 - 2 8 . 3
80.9
-.2
18.0
14.1
_ 2
International institutions 5
80.2 171.6
1 Includes sales of gold to Belgian Congo as follows (in millions): 1951,
$8.0; 1952, $2.0; and 1953, $9.9.
23 Less than $50,000.
Includes purchases of gold from Spain as follows (in millions): 1957,
$31.5; and 1958, $31.7.
-50.0
-38.2
^ 2
P 0
67.2
— S
1
-118.0
— 20 0
-.5
-'.3\""2.6
""-'.5
69.0
-.4
11.7
57.8
-.5
-20.5
4
- 27.1
-.4
— 2 74-23.4 4-45.1 4-50.1
-.7
-.1
-.1
- 2 , 2 8 7 . 1 - 1 , 0 7 4 . 1 -488.5 - 3 4 7 . 1 -83.3 - 3 8 8 . 7
-7.1
—7 1
-8.8 5-343.8
- 2 294 2—1 OS I 1 -488.5 - 3 4 7 ll — Q^ ^ - 7 3 2 . 5
1.8
200.0 600.0
Grand total
-84.2
-329.4
JulySept.
4.0
525.6
Total foreign countries. .
Apr.June
8.8
469.9
52.1
3.6
-ioii
Oct.Dec.
1958
i
25.0
-10.0
Total....
1959
-.4
i
i
4
Includes sales of gold to Japan as follows (in millions): 1958, $30.1;
and 1959, Jan.-Mar., $49.9; Apr.-June, $45.0.
5 Figures represent purchase of gold from, or sale to ( —), International
Monetary Fund; includes payment of $343.8 million in June 1959 as
increase in United States gold subscription.
ANALYSIS OF CHANGES IN GOLD STOCK OF THE UNITED STATES
[In millions of dollars]
Gold stock
(end of year)
x war
Treasury
Total i
EarTotal
Net
marked Domesgold
gold gold:
de- tic gold
stock:
crease, producincrease, import,
or
or
inor detion
export
crease
crease
(-)
(-)
(-)
1946
1947
1948
1949
1950
20 529
. . . . 22,754
24,244
24,427
. . . 22,706
623.1 311.5
465.4
20,706
210.0
22,868 22,162.1 1,866.3
24,399 1,530.4 1,680.4 - 1 5 9 . 2
24,563
164.6 686.5 - 4 9 5 . 7
22,820 - 1 , 7 4 3 . 3 - 3 7 1 . 3 - 1 , 3 5 2 . 4
51.2
75.8
70.9
67.3
80.1
1951
1952
1953
1954
1955
1956
1957
1958
. . 22,695
23,187
22,030
21,713
21,690
21,949
22,781
20,534
52.7 - 5 4 9 . 0
617.6
22,873
23,252
379.8 684.1 - 3 0 4 . 8
2.0 -1,170.8
22,091 - 1 , 1 6 1 . 9
16.1 - 3 2 5 . 2
21,793 - 2 9 7 . 2
21,753
-40.9
97.3 - 1 3 2 . 4
22,058
305.9 106.1
318.5
22,857
798.8 104.3
600.1
20,582 - 2 , 2 7 5 . 1 259.6 - 2 , 5 1 5 . 0
66.3
67.4
69.0
65.1
65.7
65.3
63.0
61.6
P1 Preliminary.
Includes gold in Exchange Stabilization Fund. Gold in active portion
of this Fund is not included in regular statistics on gold stock (Treasury
gold) used in the Federal Reserve statement "Member Bank Reserves,
Reserve Bank Credit, and Related Items" or in the Treasury statement,
"Circulation
Statement of United States Money."
2
Net after payment of $687.5 million as United States gold subscription
to the International Monetary Fund.
Gold stock
(end of month)
Month
Treasury
1958—Oct
Nov
Dec
1959—Jan
Feb
Mar
Apr
May
June
July
Aug
Sept
Oct
Total i
20,690 20,741
20,609 20,653
20,534 20,582
20,476
20,479
20,442
20,305
20,188
19,705
19,626
19,524
19,491
"19,586
EarTotal
Net
marked Domesgold
gold gold:
de- tic gold
stock: import,
crease, producincrease,
or
or
inor detion
export
crease
crease
(-)
(-)
(-)
— 188 4
-88.0
-70.7
20,527
-55.5
-6.7
20,520
-33.6
20,486
-128.6
20,358
20,227 - 1 3 0 . 3
19,746 3-481.9
19,672
-73.5
19,568 - 1 0 3 . 9
10.4
19,579
P19.647
-68.7
5.4
11.7
12.2
10.3
9.9
18.3
3.2
9.6
15.4
25.5
75.8
54.6
4
( )
— 189 0
-96.9
-79.3
6.7
5.5
5.9
-65.6
-13.0
-48.0
-127.5
-136 5
-491.7
-98.1
-176.3
-35.2
551.9
4.2
4.1
3.8
3.8
4 1
4.6
5.3
4 2
3.8
(*)
3
Includes payment of $343.8 million as increase in United States
gold
subscription to the International Monetary Fund.
4
Not yet available.
5 Gold held under earmark at the Federal Reserve Banks for foreign
and international accounts amounted to $9,677.7 million on Oct. 31, 1959.
Gold under earmark is not included in the gold stock of the United States.
1435
GOLD RESERVES AND DOLLAR HOLDINGS
ESTIMATED GOLD RESERVES AND DOLLAR HOLDINGS OF FOREIGN COUNTRIES AND INTERNATIONAL
INSTITUTIONS
[In millions of dollars]
Dec. 31, 1957
Area and country
Continental Western Europe:
Austria
Belgium-Luxembourg (and Belgian Congo).
Denmark
Finland
France (and dependencies) i
Germany (Federal Republic of)
Greece
Italy
Netherlands (and Netherlands West Indies
and Surinam)
Norway
Portugal (and dependencies)
Spain (and dependencies)
Sweden
Switzerland
Turkey
Other3
Total
Sterling Area:
United Kingdom
United Kingdom dependencies.
Australia
India
Union of South Africa
Other
Gold &
shortterm
dollars
June 30, 1958
452
1,184
143
99
946
4,099
167
1,531
466
1,390
145
82
890
4,043
135
1,678
1,044
138
651
126
479
2,685
162
851
14
105
14,757
319
5
128
2,875
104
211
329
255
228
205
4
(2)
1,289
151
678
132
458
2,684
156
1,131
15,508
7
7
6
5
26
12
13
89
(2)
4
88
269
2,324
16
162
Total
Total foreign countries 5 .. .
International institutions....
Grand total 5
390
7
28,564 1,220
2,697
222
31,261 1,442
259
18,556
402
194
4
r
184
4
201
4
3,022
346
3,097
341
4,281
(2)
86
(2)
1
(2)
2
12
108
4,040
127
202
932
175
260
765
129
181
1,018
191
252
723
2,461
2,494
192
152
192
136
7
328
30,546 1,004
31,465
344
108
()
43
4,015
12
2,632
49
238
5,022
252
3,159
344
3,195
342
r
4,134
190
140
330
996
446
2,790
462
34,255
,458
(
86
107
156
195
1,226
180
250
824
12
32,559
983
2,876
495
35,435 1,478
263
480
170
275
317
69
566
147
96
269
1,219
302
4,173
2,831
13
3,032
190
149
()
10
190
170
339
10
3,027
46
()
87
(2)
4
10
104
118
179
1,374
178
246
937
••33,196 1,070
r
3
31
82
5,087
237
504
135
262
'339
70
543
156
93
276
1,227
292
106
125
3,909
105
226
346
237
199
r
145
184
1,094
186
245
778
33,242 1,450
2,696
3,923
110
246
337
221
250
210
463
140
241
366
69
561
146
96
262
1,213
248
124
207
409
75
517
148
92
260
,233
272
22
133
()
16
1,627
156
711
92
555
2,787
165
1,424
358
345
245
458
17
17,646
3,078
1
7
7
44
1
32
16
274
242
265
450
126
192
417
91
485
140
93
258
1,460
304
646
1,510
141
109
1,583
4,163
167
2,720
17,594
1,614
151
728
88
498
2,781
164
1,341
10
76
4,891
r
P1 Preliminary.
Revised.
Excludes gold holdings of French Exchange Stabilization Fund.
2 Less than $500,000.
3 Includes Yugoslavia, Bank for International Settlements (including
European Payments Union account through December 1958 and European Fund account thereafter), gold to be distributed by the Tripartite
Commission for Restitution of Monetary Gold, and unpublished gold
reserves of certain Western European countries.
4 Part of the United Arab Republic since February 1958.
3
88
7
6
43
1
12
15
15
120
263
263
456
115
215
371
92
566
136
88
235
1,554
277
Total. ..
June 30, 1959?
1,497
173
707
94
507
2,777
164
1,370
4,948
457
All other:
Egypt*
Other
16,633
13
97
(2)
261
2,723
190
193
714
181
269
777
1,389
144
694
134
496
2,733
154
1,165
4,874
Latin America:
Argentina
Brazil
Chile
Colombia
Cuba
Guatemala
Mexico
Panama, Republic of.
Peru
Uruguay
Venezuela
Other
Asia:
Indonesia. .
Iran
Japan
Philippines.
Thailand...
Other
104
1,134
4,394
139
2,207
1
41
Canada
176
98
1,019
4,330
125
1,934
1
35
245
4,368
Mar. 31, 1959
629
1,489
169
113
1,246
4,063
151
2,421
3,725
109
241
324
241
251
4,002
()
605
1,522
200
216
4
(2)
1
34
154
554
1,471
193
3,851
100
228
320
216
233
220
4
(2)
Total...
Dec. 31, 1958
U. S. Gold& U. S. Gold& U. S. Gold& U. S. Gold& U. S. Gold& U. S.
Govt. short- Govt. short- Govt. short- Govt. short- Govt. short- Govt.
bonds
term
bonds
term
bonds
term
bonds term
bonds
term
bonds
& notes dollars & notes dollars & notes dollars & notes dollars & notes dollars & notes
3,810
101
222
328
183
230
Total. . .
Sept. 30, 1958
523
36,223 1,593
360
11
34,338 1,125
4,666
523
39,004 1,648
5
Excludes gold reserves of the U. S. S. R., other Eastern European
countries, and China Mainland.
NOTE.—Gold and short-term dollars include reported and estimated
official gold reserves, and total dollar holdings as shown in "Short-term
Liabilities to Foreigners Reported by Banks in the United States by
Countries" (Tables 1 and la-Id of the preceding section). U. S. Govt.
bonds and notes represent estimated holdings with original maturities
of more than one year; these estimates are based on a survey of selected
U. S. banks and on monthly reports of security transactions.
1436
GOLD RESERVES
REPORTED GOLD RESERVES OF CENTRAL BANKS AND GOVERNMENTS
[In millions of dollars]
Estimated
total
world 1
End of
month
Int'l
Monetary
Fund
United
States
Estimated
rest of
world
1952—Dec
1953—Dec
1954—Dec
1955 Dec
1956 Dec
1957 Dec
35,990
36,425
37,075
37,730
38,235
38,960
1.692
1,702
1,740
1,808
1,692
1,180
23,252
22 091
21,793
21 753
22,058
22,857
11,045
12,630
13,540
14,170
14,485
14,925
1958 Sept
Oct
Nov
Dec
39,535
1,307
1,307
1,331
1,332
20,929
20,741
20,653
20,582
17,300
1,332
1,349
1,352
I 353
1,522
.910
1,923
20 527
20,520
20,486 18,215
20 358
20,227
19,746
19,672
19 568
19,579
39,860
1959 Jan
Feb
Mar
r
40,055
Apr
May
July
Aug
2,052
Sept
End of
month
Cuba
Denmark
Dominican
Republic
1952 Dec
1953 Dec
1954 Dec
1955 Dec
1956 Dec . . . .
1957—Dec
Iran
138
138
138
18
18
18
141
25
25
34
34
1959_jan
141
34
Feb
Mar
Apr
May
July
Aug
Sept
r
Revised.
18
14
20
141
141
141
140
140
140
140
140
140
34
34
34
34
34
164
160
163
200
208
212
78
69
69
166
169
135
57
Ecuador
Egypt2
El Salvador
23
23
23
23
174
174
174
174
29
29
29
28
22
188
28
222
222
256
280
291
291
Finland
38
38
38
38
38
38
38
38
138
138
1958—Sept
Oct
Nov
Dec
60
60
57
57
57
57
31
31
31
31
31
31
31
31
30
18
18
8
82
83
83
83
174
18
137
138
136
144
155
194
22
11
11
11
11
11
12
12
12
Ireland,
Republic of
Iraq
154
157
160
162
11
31
End of
month
114
74
74
60
35
35
35
35
76
Sept
320
321
322
323
31
1959 Jan
Feb
Mar
Apr
May
June
July
75
704
776
778
929
925
915
31
31
31
31
31
31
31
31
• •
224
126
80
101
115
116
122
81
174
174
174
174
135
135
120
80
18
18
22
22
20
20
20
20
20
20
Italy
346
31
Mexico
144
158
62
352
74
142
847
18
907
995
1,086
18
18
18
18
18
18
Lebanon
35
63
18
18
18
174
174
174
174
174
174
174
174
346
346
338
452
1,119
1,155
1,190
1,222
1,263
1,311
Brazil
52
52
62
71
71
103
22
22
22
22
1958 Seot
Oct
Nov
Dec
Belgium
112
117
138
144
107
126
11
11
11
11
12
12
12
12
11
11
Belgian
Congo
372
372
372
287
188
31
31
31
31
31
31
Aug
Austria
22
214
186
186
136
136
136
31
31
31
31
31
31
31
31
Australia
26
26
31
35
35
35
1952 Dec
1953 Dec
1954 Dec
1955 Dec
1956—Dec
1957 Dec
76
76
76
76
75
75
17,945
Argentina
35
65
63
63
53
53
544
737
796
865
143
142
102
102
102
102
102
142
142
160
I 076
1,082
I 072
I 071
1,074
1,073
1,061
40
40
40
72
72
73
73
74
74
74
75
326
326
326
326
326
326
10
11
11
11
10
13
QRfi
1,039
Guatemala
40
40
40
40
41
41
India
247
247
247
247
247
247
235
145
81
81
45
39
2,597
2,633
2,639
2,639
27
27
27
27
247
247
247
247
38
38
38
37
2,678
2,678
2 678
2,678
2,684
2,704
2,721
2,721
2,621
27
247
247
247
247
247
247
247
37
37
37
36
41
41
41
41
41
Philippines
Portugal
Norway
50
27
27
27
25
25
247
Pakistan
38
50
45
43
43
43
43
Peru
46
49
49
36
35
35
35
28
9
9
9
16
486
486
486
493
498
498
501
49
19
19
11
33
33
49
19
19
7
7
33
33
33
33
33
33
43
43
43
30
30
30
49
50
50
50
50
50
19
19
19
9
9
For other notes see following page.
20
19
19
49
49
428
448
461
43
43
43
33
49
49
49
286
361
429
22
6
14
15
9
10
33
Indonesia
27
27
27
27
27
27
48
33
33
33
95
102
325
326
326
45
956
999
1,026
1,050
1,125
1,145
1,164
1,164
1,164
1,164
1,164
1,162
1,162
1 248
1,225
1,246
1 265
1,289
1,270
1,281
1,276
1,254
33
147
143
70
70
71
72
38
38
91
143
40
40
40
40
52
45
33
33
91
1,078
1,074
1,079
1,078
33
33
844
744
91
325
325
325
325
589
167
180
146
144
1,228
1,251
1,270
1,270
589
589
589
589
77
91
91
91
324
324
76
86
86
86
57
62
140
328
626
920
1,494
2,542
33
Colombia
42
42
42
44
46
40
573
576
576
861
861
575
NetherNew
lands Zealand
885
Chile
1,073
L 134
1,103
1,100
Germany,
France3 Federal Greece
Republic
of
589
589
589
589
589
589
589
875
Canada
10
6
6
502
507
512
513
525
525
1437
GOLD RESERVES AND PRODUCTION
REPORTED GOLD RESERVES OF CENTRAL BANKS AND GOVERNMENTS—Continued
[In millions of dollars]
End of
month
South
Africa
Sweden Switzerland
Syria*
Thailand
Turkey
United
King-4
dom
Uruguay
Venezuela
Yugoslavia
Bank
for
Int'l
Settlements
European
Payments
Union
1952—Dec
1953—Dec
1954_Dec
1955—Dec
1956—Dec
1957—Dec
170
176
199
212
224
217
184
218
265
276
266
219
1,411
1,459
1,513
1,597
1,676
1,718
14
14
17
19
19
24
113
113
113
112
112
112
143
143
144
144
144
144
1,846
2,518
2,762
2,120
2,133
2,273
207
227
227
216
186
180
373
373
403
403
603
719
196
193
196
217
179
165
158
153
153
244
268
254
1958—Sept
Oct
Nov
Dec
188
201
210
211
204
204
204
204
1,934
1,935
1,924
1,925
24
24
24
24
112
112
112
112
144
144
144
144
3,120
3,174
3,215
3,069
180
180
180
180
719
719
719
719
187
198
238
339
126
1959—Jan
Feb
Mar
Apr
May....
June
July
Aug
Sept
212
211
193
190
197
201
217
204
225
204
204
204
204
204
205
205
191
191
1.993
i;993
1,935
1,931
1,912
1,909
1,925
1,919
1,900
24
24
24
24
24
24
112
112
112
112
112
112
112
112
144
144
144
144
144
144
144
144
144
3,111
3,156
3,139
3,251
3,119
3,172
3,220
3,248
3,284
180
180
180
180
180
180
180
180
719
719
719
719
719
719
719
719
312
351
378
533
479
486
436
434
427
1
Excludes U.S.S.R., other Eastern European countries, and China
Mainland.
Represents reported gold holdings of central banks and governments
and international institutions, unpublished holdings of various central
banks and governments, estimated holdings of British Exchange Equalization Account based on figures shown for United Kingdom, and estimated official holdings of countries from which no reports are received.
126
2
Part of the United Arab Republic since February 1958.
3 Represents holdings of Bank of France (holdings of French Exchange
Stabilization
Fund are not included).
4
Beginning with December 1958, represents Exchange Equalization
Account gold and convertible currency reserves, as reported by British
Government; prior to that time represents reserves of gold and United
States and Canadian dollars.
GOLD PRODUCTION
[In millions of dollars at $35 per fine troy ounce]
Production reported monthly
Estimated
world
production
(excl.
U.S.S.R.)
Year or
month
1951
1952
1953
1954
1955
1956
1957
1958
. ...
1958 July
Aug
Sept
Oct
Nov
Dec
1959 Jan
Feb
Mar
Apr
May
June
July
Aug
..
840.0
868.0
864.5
910.0
955.5
994.0
1,036.0
1,064.0
North and South America
Africa
Total
United
Ghana Belgian
Congo States
Canada
Mexico
66.3
67.4
69.0
65.1
65.7
65.3
63.0
61.6
153.7
156.5
142.4
152.8
159.1
153.4
155.2
158.8
13.8
16.1
16.9
13.5
13.4
12.3
12.1
11.6
6.1
5.4
13.2
12.8
13.1
14.0
12.9
13.2
.7
1.0
South
Africa
Rhodesia
763.1
785.7
780.5
830.4
877.7
914.8
956.3
984.0
403.1
413.7
417.9
462.4
510.7
556.2
596.2
618.0
17.0
17.4
17.5
18.8
18.4
18.8
18.8
19.4
84 5
83 1
85.0
87.2
83.6
83.6
52 4
52 6
53.0
54.0
53.3
53.1
1.7
1.6
1.7
1.7
2.5
2.4
2.5
2.2
283.1
280.1
54.1
52 8
55 9
57 9
58 7
59 5
60 8
60 7
1.6
1.5
1 7
2.6
2.6
2 6
1.1
.9
1.0
.7
1.2
.9
1 0
1.6
2.6
.8
1.5
1.6
1 6
1 8
1 6
22.9
23.8
25.4
27.5
23.8
21.9
27.7
29.2
2.5
2.5
2 6
2 6
2 7
2.7
12.3
12.9
13.0
12.8
13.0
13.1
13.1
12.8
.9
1.2
1 3
1 0
8
1.4
1 Gold exports, representing about 90 per cent of total production.
2 Excluding Chile.
Sources.—World production: estimates of the U. S. Bureau of Mines.
Production reported monthly: reports from individual countries except
6.2
6.7
5.5
5.9
4.2
4.1
3.8
3.8
4 1
4 6
5 3
4.2
13.2
12.5
13.2
13.2
13 3
12 5
13 2
12.2
1.2
1.1
1.1
.5
.9
1.0
Nicaragua 1
8.8
8.9
9.1
8.2
Brazil
Chile
4.8
4.9
4.0
4.2
6.1
6.2
4.6
4.4
8.1
7.6
3.9
4.3
6.9
7.2
4.2
3.9
.7
.7
.4
.3
.6
.6
.6
.6
.4
.3
.3
.3
.5
.8
.6
.5
7
.7
.6
.6
Other
Colom- Ausbia
tralia
3.6
3.9
15.1
14.8
15.3
13.2
13.3
15.3
11.4
13.0
.5
.7
1.3
.9
4.3
3.3
.3
.5
.2
.3
31.3
34.3
37.7
39.1
36.7
36.1
37.9
38.6
3.7
3.0
.9
1.3
.0
0
3.5
3.3
3.1
3.6
.3
.3
.3
2.8
3.0
.3
.3
3
.3
.4
.3
7
0
0
3
4
3.3
2.9
2 9
3 5
India
7.9
8.9
7.8
8.4
7.4
7.3
6.3
6.0
.5
.5
.5
.5
.5
.5
.4
.5
.5
.5
Ghana, Belgian Congo and Brazil, data for which are from American
Bureau of Metal Statistics. For the United States, annual figures are
from the U. S. Bureau of the Mint and monthly figures are from American
Bureau of Metal Statistics.
1438
INTERNATIONAL INSTITUTIONS
INTERNATIONAL MONETARY FUND
INTERNATIONAL BANK FOR RECONSTRUCTION AND
DEVELOPMENT
[End-of-month figures. In millions of dollars]
[End-of-month figures. In millions of dollars]
1958
1958
1959
Item
July
Sept. Dec.
Mar.
June
1,687 1,792 1,840 1,905 1,963
910
753
839
893
960
24
27
28
28
31
382
366
401
420
440
1,904 1,904 1,911 1,911 1,920
Loans by country, Sept. 30, 1959
Area and member country 4
Disbursed
1,487
100
173
60
102
302
298
236
95
61
61
1,197
64
155
42
65
268
180
236
66
59
61
Sterling area, total
Australia
Ceylon
India
Pakistan
Union of S. Africa
United Kingdom
Other
1,488
318
24
592
139
197
193
25
1,208
318
13
435
91
182
151
17
Latin America, total
Brazil
Chile
Colombia
Ecuador
El Salvador
Mexico
Nicaragua
Peru
Uruguay
Other
919
267
74
131
45
32
186
23
47
64
50
690
184
49
102
16
23
159
21
41
56
39
Asia (excluding Sterling area),
total
Iran
Japan
Lebanon
Malaya
Philippines
Thailand
Other
595
147
254
27
36
19
353
84
191
6
(6)
107
51
6
Total
Apr. July
Gold
1,242 1,307 1,332 1,352 1,371
200
200
200
200
200
Investments^
,
Currencies: *
664
998
717
780
951
United States
6,119 6,025 5,958 5,807 5,839
Other
Gold and currency in separate
accounts:* o
551
1
Gold
4 1,542
Currency
854
873
958
979
944
Unpaid member subscriptions
9
9
9
Other assets
Member subscriptions
9,088 9,193 9,228 9,228 9,228
Member subscriptions
in separate
account l o
5 2,093
Reserves and liabilities
,
18
23
30
42
'35
Repaid
Quota
Sold
to
Total
others*
Country
Total
Sterling
Jan.
Outstanding
Principal
Continental Western Europe,
total
Austria
Belgium and Luxembourg..
Denmark
Finland
France
Italy
Netherlands
Norway
Turkey
Yugoslavia
Africa (excluding
area), total
Ethiopia
Sudan
Oct.
Sept
900
943
937
966 1,039
Dollar deposits and U. S. securities.
693
747
636
657
624
Other currencies and securities 1 ....
2,999 3,275 3,408 3,387 3,548
Effective loans*
101
91
92
104
93
Other assets^
IBRD bonds outstanding
Undisbursed loans
Other liabilities
Reserves
Capital
1959
Item
6
246
5
15
26
6
154
2
6
9
145
39
(6)
33
17
45
8
1
121
29
9
30
1
2
17
6
7
9
11
30
10
7
14
951
63
134
37
49
242
175
83
64
52
51
167
5
34
3
3
10
19
83
10
1,063
279
13
402
74
137
142
16
116
28
1
35
2
27
24
568
155
40
72
14
21
142
14
34
48
28
17
323
74
184
6
(6)
14
44
26
12
11
74,551
3,478
543
2,935
8328
Paid
in
gold
Argentina
Bolivia
Brazil
Burma
Chile
150
10
150
15
50
38
3
38
1
9
Colombia
Cuba
France
Haiti
Honduras
75
50
788
11
India
Indonesia
Iran
Mexico
Paraguay
400
110
35
90
19
13
174
3
2
28
16
9
23
2
Peru
Philippines
Spain
Sudan
Turkey
25
50
100
10
43
4
13
10
150
38
60
,950
,125
60
10
Union of South
Africa
United Arab Republic—Egypt..
United Kingdom.
United States
Yugoslavia
63
24
39
Cumulative net drawings
on the Fund
399
1,031
1958
Sept.
75
9
1959
Aug.
Sept.
106
9
92
12
42
109
9
92
12
42
35
25
394
2
25
25
381
4
3
15
25
381
5
3
200
55
17
200
46
8
23
5
200
46
2
5
43
15
9
50
5
39
15
9
50
5
39
36
25
25
113
15
40
15
30
30
27
545
333
333
-1.990 n-1,744 H - 1 , 7 0 6
23
23
23
r
Revised.
1
Currencies include demand obligations held in lieu of deposits.
2 Represents principal of authorized loans, less loans not yet effective,
repayments, the net amount outstanding on loans sold or agreed to be
sold to others, and exchange adjustment.
3 Excludes uncalled portions of capital subscriptions.
4 Loans to dependencies are included with member.
5 Includes also effective loans agreed to be sold but not yet disbursed.
6 Less than $500,000.
11ncludes $112 million in loans not yet effective.
8 Includes $308 million not guaranteed by the Bank.
9 U. S. Treasury bills purchased with proceeds from sale of gold.
i o Paid by members pending increases in quotas becoming effective.
11 Represents sales of U. S. dollars by the Fund to member countries
for local currencies, less repurchases of such currencies with dollars.
1439
U. S. BALANCE OF PAYMENTS
UNITED STATES BALANCE OF PAYMENTS
[Department of Commerce estimates.
1956
Quarterly totals in millions of dollars]
1957
1958
1959
Item
Exports of goods and services, total 1 .
Merchandise
Services 2
6,009
4,420
1,589
5,753
4,112
1,641
6,563
4,887
1,676
6,743
5,108
1,635
Imports of goods and services, total...
Merchandise
Services
Military expenditures
4,997
3,173
1,025
799
5,113
3,156
1,263
694
4,849
3,220
948
681
5,092
3,297
915
880
5,318
3,344
1,124
850
Balance on goods and services1
1,0121
7,010
5,158
1,852
6,326
4,462
1,864
6,654
4,662
1,992
5,566
4,054
1,512
5,361
3,265
1,381
715
5,152
3,385
1,047
720
4,904
3,139
936
829
5,920
4,191
1,729
5,250
3,166
1,176
908
5,571
3,806
1,765
6,142
4,176
1,966
5,381
3,798
1,583
5,801
4,069
5,372
3,124
1,407
841
5,425
3,517
1,070
838
5,422
3,604
1,017
801
5,968
3,885
1,262
821
1,732
640
1,714
1,651
1,692
965
1,502
662
670
199
717
-41
-167
Unilateral transfers (net) 3
Private remittances and pensions...
Government nonmilitary g r a n t s . . . .
-635
-163
-472
-544
-164
-380
-645
-184
-461
-576
-184
-392
-662
-174
-488
-499
-164
-335
-581
-180
-401
-562
-178
-384
-599
-170
-429
-541
-173
-368
-616
-186
-430
-619
-186
-433
-532
-182
-350
U.S. long- and short-term capital (net) 3
Private, total
Direct investment
Portfolio and short-term investment
Government
899J
-690\
-353
-987 -1,179 -1,070 -1,563
-806 -1,077 -813 -1,364
-402
-694
-993
-524
-544
-410
-339
-956
-588
-324
-888 -1,247
-642 -1,025
-411
-155
-783
-451
-156
-892!
-7261
-372!
-472
-383
-267
4-925
-611
-372
-337'
-209
-282
-181
-383
-102
-354J
-116
-239
4-314
Foreign capital and gold (net)
Increase in foreign short-term assets
and Government securities
Increase in other foreign assets . . . .
Gold sales by United States
441
647
391
153
-103
668
143
-164
81
244
-411
-257
-371
-199
-71
-134
-264
-368
-48
-246
-614
-222
-295
-332
-195
-381
316
-269
227
585
1,069
907
8781
915 41,327
-283
115
-27
-199
166
-348
514
127
-325
-260
18
-27
275
50
-98
202
13
370
9
-15
1,075
450
-26
483
479|
347J
52
744
75
96
305
376
217
347
-192
107
218
-87j
217!
-166;
4765
165
4397
j
Errors and omissions
203 i
3
4
P1 Preliminary.
Excluding military transfers under grants.
2
Including military transactions.
Minus sign indicates net outflow.
Excluding additional U.S. subscription to IMF of $1,375 million,
of which $344 million was transferred in gold and $1,031 million in
noninterest bearing U.S. Government securities.
OPEN MARKET RATES
[Per cent per annum]
United Kingdom
Canada
Month
Treasury Day-today
bills,
3 months l money 2
Bankers' Treasury
acceptbills,
ances
3 months 3 months
Day-today
money
France
Bankers'
allowance Day-today 3
on
deposits money
Treasury
bills,
60-904
days
Day-today
money 5
1956—Dec
1957—Dec
3.61
3.65
3.18
3.60
5.07
6.67
4.94
6.43
4.15
5.67
3.50
5.00
3.55
5.72
4.75
3.75
1958—Sept
Oct
Nov
Dec
2.02
2.48
3.00
3.46
.48
1.51
2.10
2.07
3.82
3.80
3.67
3.34
3.65
3.65
3.46
3.16
3.17
3.19
2.97
2.70
2.50
2.50
2.32
2.00
6.46
5.50
5.26
6.07
2.50
2.38
2.38
2.38
4.81
3.25
2.88
2.56
2.88
2.63
1959_Jan
Feb
Mar
Apr
May
June
July
Aug
Sept
3.34
3.70
4.16
4.57
4.98
5.15
5.23
5.82
5.68
2.07
2.96
4.00
4.41
4.26
4.49
4.52
5.72
5.01
3.28
3.23
3.41
3.40
3.43
3.54
3.57
3.60
3.59
3.12
3.09
3.30
3.25
3.33
3.45
3.46
3.48
3.48
2.73
2.73
2.67
2.69
2.67
2.74
2.79
2.76
2.78
2.00
2.00
2.00
2.00
2.00
2.00
2.00
2.00
2.00
4.39
4.23
4.36
4.13
3.88
3.67
4.27
3.93
2.25
2.25
2.25
2.00
2.00
2.00
2.00
2.00
2.75
2.38
2.94
2.44
2.31
2.56
2.50
2.25
2.44
2.75
1
2
3
Based on average yield of weekly tenders during month.
Based on weekly averages of daily closing rates.
Beginning with January 1957, rate shown is on private securities.
Netherlands
Switzerland
Treasury Day-today
bills,
3 months money
Private
discount
rate
Germany
5.48
I-.64
3.23
3.33
1.50
2.50
>.62
1.83
>.4O
1.26
2.16
2.50
1.79
1.50
2.50
2.50
2.50
2.50
1.04
.75
.68
.61
.63
.82
.79
.63
L66
1.58
1.26
1.42
1.50
1.34
1.46
1.48
1.15
1.31
2.50
2.50
2.25
2.00
2.00
2.00
2.00
2.00
2.00
1
Previous
figures are averages of rates on government and private securities.
4
Rate in effect at end of month.
5
Based on average of lowest and highest quotation during month.
1440
MONEY RATES
CENTRAL BANK RATES FOR DISCOUNTS AND ADVANCES TO COMMERCIAL BANKS 1
[Per cent per annum]
Changes during the last 12 months
Rate as of
Oct. 31, 1958
Country
1958
Per
cent
Month
effective
Dec.
Nov.
Aug.
Apr.
Feb.
1957
1955
1958
1958
1948
Oct.
June
Feb.
July
Apr.
1958
1954
1957
1933
1939
5.5
4.5
10.0
3 0
4.0
Dec.
Aug.
May
Nov
Apr.
1957
1958
1948
1952
1957
6.5
4.5
3.0
10.0
2.0
Apr.
Oct.
June
May
Jan.
1956
1958
1958
1956
1953
7.0
4.0
3.0
4.0
4.5
Apr.
May
Apr.
Aug.
Sept.
1952
1957
1946
1948
1958
Italy
Japan ^
Mexico
Netherlands
6.0
3 5
7.3
4.5
3.5
Feb.
June
Sept.
June
June
1955
1958
1958
1942
1958
Peru 2
7.0
6.0
3 5
3.0
6.0
Oct.
Apr.
Feb.
July
Nov.
1955
1954
1955
1948
1947
Philippine Republic 2
Portugal
South. Africa
Spain
4.5
2.0
4.5
5.0
4.5
Sept.
Jan.
Sept.
July
May
1957
1944
1955
1957
1958
Thailand
Turkey
United Kingdom
Venezuela
2.5
7.0
6.0
4.5
2.0
May
Feb.
June
Aug.
May
1957
1945
1956
1958
1947
6.0
5.0
3.5
10.0
3.0
Brazil 2
Burma
Canada3
3.08
2.5
6 0
4.0
3.0
Chile 2
Costa Rica 2
Cuba 2
Fl Salvador2
"Finland 2
India 5
Ireland
....
Nov.
Dec.
1959
Jan.
Mar.
3.13
3.74
3.53
Apr.
May
June
July
Aug.
Sept.
Oct.
6.0
4.5
3.25
10.0
3.0
4.5
3 25
4.32
4.55
5.01
5.15
5.36
5.72
5.58
5.85
5.27
6.0
2 75
4 25
4 0
3.0
4.0
6.0
4.0
4.0
10.0
2.0
7.0
4.0
3.0
4.0
4.25
4.25
6.0
3.5
6.94
4.5
2.75
6 94
3.0
5.27
2.5
6.0
4.0
3.0
5.5
5.0
10.0
3.0
4.0
5 0
2 75
6.0
4 0
6 5
4 0
6.25
2.0
4.0
1
Rates shown represent mainly those at which the central bank either
discounts or makes advances against eligible commercial paper and/or
government securities for commercial banks or brokers. For countries
with more than one rate applicable to such discounts or advances, the
rate shown is the one at which the largest proportion of central bank
credit operations is understood to be transacted. In certain cases other
rates
for these countries are given in note 2.
2
Discounts or advances at other rates include:
Argentina—3 and 5 per cent for certain rural and industrial paper, depending on type of transaction;
Brazil—8 per cent for secured paper and 4 per cent for certain agricultural
nfmfvr •
paper;
Chile—rates of more than 6 per cent for rediscounts in excess of 50 per
cent of the rediscounting bank's capital and reserves, and 2 and 4 per
cent for certain types of agricultural paper;
Colombia—3 per cent for agricultural paper
paper and for loans on products
in bonded warehouses;
m
Costa Rica—5 per cent for paper related to commercial transactions
(rate shown is for agricultural and industrial paper);
Cuba—4.5 per cent for sugar loans and 4 per cent for loans secured by
national public securities;
Feb.
Rate
as of
Oct. 31,
1959
6.0
6.0
3.5
4.0
6.0
6.5
2.0
4.0
6.25
4.5
2.0
7.0
6.0
4.0
2.0
El Salvador—3 per cent for agricultural and industrial paper and 2 per
cent for special cases;
Finland—rates ranging up to 7.25 per cent for longer term paper (rate
shown is for 3 months commercial paper);
Indonesia—various rates depending on type of paper, collateral, commodity involved, etc.;
Japan—penalty rates (exceeding the basic rate shown) for borrowings
from the Central bank in excess of an individual bank's quota;
Peru—4 per cent for industrial paper and mining paper, and 3 per cent
for most agricultural paper; and
Philippine Republic—^4.5 per cent for crop loan paper and 5 per cent for
export packing credit paper.
3 Since Nov. 1, 1956, the discount rate has been set each week at
l
A of one per cent above the latest average tender rate for Treasury bills;
end-of-month
rate shown.
4
Rate shown is for advances only.
5 Since May 16, 1957, this rate applies to advances against commercial
paper as well as against government securities and other eligible paper.
FOREIGN EXCHANGE RATES
1441
FOREIGN EXCHANGE RATES
[Average of certified noon buying rates in New York for cable transfers.
Argentina
(peso)
Year or month
In cents per unit of foreign currency]
Australia
(pound)
Austria
(schilling)
Belgium
(franc)
Canada
(dollar)
Ceylon
(rupee)
Finland
(markka)
Official
Free
1953.
1954.
1955.
1956.
1957.
1958.
5.556
5.556
15.556
7.198
7.198
7.183
2.835
2.506
12.207
224.12
223.80
222.41
222.76
222.57
223.88
3.8580
3.8580
3.8580
3.8580
3.8539
3.8536
2.0009
1.9975
1.9905
2.0030
1.9906
2.0044
101.650
102.724
101.401
101.600
104.291
103.025
21.046
21.017
20.894
20.946
20.913
21.049
.4354
.4354
.4354
.4354
.3995
.3118
1958—Oct..
Nov..
Dec.
5.556
5.556
15.556
1.656
1.386
11.518
223.67
223.55
223.41
3.8536
3.8536
3.8536
2.0061
2.0056
2.0057
103.005
103.253
103.660
21.049
21.039
21.032
.3118
.3118
.3118
223.62
223.85
224.12
224.42
224.27
224.11
224.04
223.86
223.40
223.61
3.8444
8481
8484
8487
8488
8510
8506
8502
8525
3.8526
2.0003
2.0004
1.9997
2.0037
2.0057
2.0027
2.0031
2.0013
1.9989
1.9993
103.402
102.583
103.117
103.774
103.838
104.278
104.456
104.754
105.077
105.506
21.046
21.063
21.074
21.089
21.081
21.072
21.062
21.060
21.037
21.048
.3115
.3114
.3114
.3114
.3114
.3120
.3120
.3116
.3113
.3113
Ttaly
(lira)
Japan
(yen)
Malaysia
(dollar)
Mexico
(peso)
Netherlands
(guilder)
11.607
9.052
8.006
8.006
8.006
8.006
26.340
26.381
26.230
26.113
26.170
26.418
1959—Jan...
Feb..
Mar..
Apr..
May.
June.
July..
Aug..
Sept..
Oct..
21.5187
1.5242
1.4703
1.3680
1.1774
1.1091
1.1851
1.1922
1.2037
1.2213
Year or month
France
(franc)
Germany
(deutsche
mark)
India
(rupee)
Ireland
(pound)
21.049
21.020
20.894
20.934
20.910
21.048
281.27
280.87
279.13
279.57
279.32
280.98
.2779
.2779
.2779
32.595
32.641
32.624
32.582
32.527
32.767
.2779
.2779
.2779
32.744
32.828
32.768
8.006
8.006
8.006
26.508
26.508
26.506
.2779
.2779
.2779
. 2779
.2779
.2779
.2779
.2-/79
.2777
.2776
32.838
32.892
32.917
32.975
32.951
32.870
32.856
32.837
32.784
32.794
8.006
8.006
8.006
8.006
8.006
8.006
8.006
8.006
8.006
8.006
26.514
26.500
26.488
26.501
26.488
26.504
26.515
26.463
26.459
26.493
Spain
(peseta)
Sweden
(krona)
Switzerland
(franc)
United
Kingdom
(pound)
23.316
23.322
23.331
23.334
23.330
23.328
281.27
280.87
279.13
279.57
279.32
280.98
1953.
1954.
1955.
1956.
1957.
1958.
.2376
3.2374
23.838
23.765
23.786
23.798
23.848
1958—Oct...
Nov..
Dec.
.2381
.2381
3.2330
23.892
23.897
23.907
21.029
21.026
21.015
280.70
280.55
280.38
1959—Jan...
Feb...
Mar..
Apr..
May.
June.
July..
Aug..
Sept..
Oct...
.2037
.2037
.2039
.2039
.2039
.2039
.2038
.2039
.2038
.2037
23.930
23.928
23.914
23.913
23.911
23.931
23.918
23.901
23.901
23.931
21.041
21.059
21.073
21.101
21.087
21.049
21.032
21.028
20.999
21.010
280.65
280.93
281.27
281.65
281.45
281.25
281.17
280.95
280.37
280.63
4.1610
.1610
.1610
.1611
.1611
.1610
.1611
.1610
New
Zealand
(pound)
Norway
(krone)
Philippine
Republic
(peso)
Portugal
(escudo)
South
Africa
(pound)
1953
1954
1955
1956
1957
1958
278.48
278.09
276.36
276.80
276.56
278.19
14.015
14.008
14.008
14.008
14.008
14.008
49.676
49.677
49.677
49.676
49.693
49.695
3.4887
3.4900
3.4900
3.4900
3.4900
3.4900
280.21
279.82
278.09
278.52
278.28
279.93
2.3810
19.323
19.333
19.333
19.333
19.331
19.328
1958—Oct..
Nov.
Dec.
277.93
277.78
277.60
14.008
14.008
14.009
49.695
49.695
49.695
3.4900
3.4900
3.4900
279.66
279.51
279.33
2.3810
3810
3810
19.328
19.328
19.329
23.300
23.300
23.317
280.70
280.55
280.38
1959—Jan..
Feb..
Mar.
Apr.
May,
June
July.
Aug.
Sept.
Oct..
277.87
278.15
278.49
278.86
278.67
278.47
278.38
278.17
277.59
277.85
14.012
14.018
14.029
14.048
14.041
14.052
14.050
14.038
14.011
14.023
49.695
49.695
49.695
49.695
49.695
49.695
49.695
49.713
49.770
49.770
3.4917
3.4974
3.4980
3.5026
3.5019
3.5004
3.5001
3.4990
3.4947
3.4958
279.60
279.88
280.22
280.60
280.40
280.20
280.12
279.90
279.32
279.58
2.3810
2.3810
2.3810
2.3810
2.3810
2.3810
52.0679
1.6600
1.6607
1.6607
19.326
19.327
19.325
19.330
19.326
19.327
19.330
19.327
19.325
19.325
23.190
23.184
23.133
23.134
23.133
23.194
23.204
23.178
23.121
23.048
280.65
280.93
281.27
281.65
281.45
281.25
281.17
280.95
280.37
280.63
Year or month
1 Based on quotations through Dec. 29, 1958.
2 Effective Jan. 12, 1959, the Argentine Government established a
single exchange rate for the peso in place of the former official and free
rates.
3 Effective rate of 420 francs per U. S. dollar, established Aug. 12, 1957,
was extended to all foreign exchange transactions on Oct. 28, 1957, and
on June 23, 1958, became the official rate. On Dec. 29, 1958, the franc
was further devalued to 493.706 francs per U. S. dollar.
45 Based on quotations beginning with Mar. 2, 1959.
Effective July 20, 1959, the par value for the Spanish peseta was set
at 60 pesetas per U. S. dollar.
BOARD OF GOVERNORS
of the Federal Reserve System
WM. MCC. MARTIN, JR.,
Chairman
M. S. SZYMCZAK
C. CANBY BALDERSTON, Vice Chairman
J. L. ROBERTSON
CHAS. N. SHEPARDSON
A. L. MILLS, JR.
G. H. KING, JR.
W. RIEFLER, Assistant to the
Chairman
WINFIELD
JEROME
WOODLIEF THOMAS,
W. SHAY, Legislative Counsel
CLARKE
CHARLES MOLONY,
Assistant to the Board
L. FAUVER, Assistant to the Board
OFFICE OF THE SECRETARY
MERRITT SHERMAN, Secretary
KENNETH A. KENYON, Assistant Secretary
ELIZABETH L. CARMICHAEL, Assistant Secretary
LEGAL DIVISION
HOWARD H. HACKLEY, General Counsel
DAVID B. HEXTER, Assistant General Counsel
G. HOWLAND CHASE, Assistant General Counsel
THOMAS J. O'CONNELL, Assistant General
Counsel
DIVISION OF RESEARCH AND STATISTICS
RALPH A. YOUNG, Director
FRANK R. GARFIELD, Adviser
GUY E. NOYES, Adviser
ROLAND I. ROBINSON, Adviser
SUSAN S. BURR, Associate Adviser
ALBERT R. KOCH, Associate Adviser
KENNETH B. WILLIAMS, Associate Adviser
LEWIS N. DEMBITZ, Research Associate
DIVISION OF EXAMINATIONS
FREDERIC SOLOMON, Director
ROBERT C. MASTERS, Associate Director
C. C. HOSTRUP, Assistant Director
FRED A. NELSON, Assistant Director
GLENN M. GOODMAN, Assistant Director
HENRY BENNER, Assistant Director
JAMES C. SMITH, Assistant Director
LLOYD M. SCHAEFFER, Chief Federal Reserve
Examiner
DIVISION OF PERSONNEL ADMINISTRATION
EDWIN J. JOHNSON, Director
H. FRANKLIN SPRECHER, JR., Assistant Director
DIVISION OF ADMINISTRATIVE SERVICES
JOSEPH E. KELLEHER, Director
HARRY E. KERN, Assistant Director
DIVISION OF INTERNATIONAL FINANCE
ARTHUR W. MARGET, Director
J. HERBERT FURTH, Associate Adviser
A. B. HERSEY, Associate Adviser
ROBERT L. SAMMONS, Associate Adviser
OFFICE OF THE CONTROLLER
J. J. CONNELL, Controller
SAMPSON H. BASS, Assistant Controller
DIVISION OF BANK OPERATIONS
JOHN R. FARRELL, Director
GERALD M. CONKLING, Assistant Director
M. B. DANIELS, Assistant Director
JOHN N. KILEY, JR., Assistant Director
Economic Adviser to the
Board
OFFICE OF DEFENSE PLANNING
INNIS D. HARRIS, Coordinator
1443
1444
FEDERAL RESERVE BULLETIN . NOVEMBER 1959
Federal Open Market Committee
WM.
CARL E.
C.
M C C . MARTIN, JR.,
Chairman
ALLEN
J.
CANBY BALDERSTON
FREDERICK L.
A.
ERICKSON
DELOS C.
DEMING
Vice Chairman
A L F R E D HAYES,
G.
H.
KING, JR.
A.
L.
M I L L S , JR.
WINFIELD W. RIEFLER, Secretary
MERRITT SHERMAN, Assistant Secretary
KENNETH A. KENYON, Assistant Secretary
HOWARD H. HACKLEY, General Counsel
WOODLIEF THOMAS, Economist
HOMER JONES, Associate Economist
ARTHUR W. MARGET, Associate Economist
J.
JOHNS
L.
ROBERTSON
CHAS. N.
M.
SHEPARDSON
S. SZYMCZAK
GEORGE W. MITCHELL, Associate
Economist
FRANKLIN L. PARSONS, Associate Economist
ROBERT V. ROOSA, Associate Economist
PARKER B. WILLIS, Associate Economist
RALPH A. YOUNG, Associate Economist
ROBERT G. ROUSE, Manager, System
Open Market Account
Federal Advisory Council
LLOYD
D.
BRACE, BOSTON,
Vice President
HOMER
J. LIVINGSTON,
CHICAGO,
President
JOHN J. MCCLOY, NEW YORK
WILLIAM A. M C D O N N E L L , ST. LOUIS
CASIMIR A . SlENKIEWICZ, PHILADELPHIA
GORDON MURRAY, MINNEAPOLIS
REUBEN B. HAYS, CLEVELAND
R. OTIS MCCLINTOCK, KANSAS CITY
JOHN S. ALFRIEND, RICHMOND
WALTER B. JACOBS, DALLAS
JOHN A. SIBLEY, ATLANTA
CHARLES F . FRANKLAND, SAN FRANCISCO
HERBERT
V.
PROCHNOW,
Secretary
WILLIAM
J.
KORSVIK,
Assistant
Secretary
Federal Reserve Banks and Branches
Chairmen and Deputy Chairmen of Boards of Directors
FEDERAL RESERVE
BANK O F —
CHAIRMAN AND
FEDERAL RESERVE AGENT
DEPUTY CHAIRMAN
BOSTON
ROBERT C. SPRAGUE
NILS Y. WESSELL
N E W YORK
JOHN E. BIERWIRTH
FORREST F. HILL
PHILADELPHIA
HENDERSON SUPPLEE, JR.
LESTER V. CHANDLER
CLEVELAND
ARTHUR B. VAN BUSKIRK
JOSEPH H. THOMPSON
RICHMOND
ALONZO G. DECKER, JR.
D. W. COLVARD
ATLANTA
WALTER M. MITCHELL
HARLLEE BRANCH, JR.
CHICAGO
BERT R. PRALL
J. STUART RUSSELL
ST. LOUIS
PIERRE B. MCBRIDE
J. H. LONGWELL
MINNEAPOLIS
LESLIE N. PERRIN
O. B. JESNESS
KANSAS CITY
RAYMOND W. HALL
JOE W. SEACREST
DALLAS
ROBERT J. SMITH
HAL BOGLE
SAN FRANCISCO
A. H. BRAWNER
Y. FRANK FREEMAN
1445
FEDERAL RESERVE BANKS AND BRANCHES
Presidents and Vice Presidents
Federal
Reserve
Bank of
Vice Presidents
President
First Vice President
(Vice Presidents in charge of branches are
listed in lower section of this page)
Boston
J. A. Erickson
E. O. Latham
D. Harry Angney
Ansgar R. Berge
George H. Ellis
Benjamin F. Groot
Dana D. Sawyer
O. A. Schlaikjer
New York
Alfred Hayes
William F. Treiber
Harold A. Bilby
Charles A. Coombs
Marcus A. Harris
Herbert H. Kimball
Robert V. Roosa
Robert G. Rouse
Walter H. Rozell, Jr.
H. L. Sanford
Todd G. Tiebout
R. B. Wiltse
Philadelphia
Karl R. Bopp
Robert N. Hilkert
Murdoch K. Goodwin James V. Vergari
Joseph R. Campbell
Richard G. Wilgus
Wallace M. Catanach Philip M. Poorman
David P. Eastburn
Cleveland
W. D. Fulton
Donald S. Thompson
Dwight L. Allen
Roger R. Clouse
E. A. Fink
Clyde Harrell
L. Merle Hostetler
Martin Morrison
Paul C. Stetzelberger
Richmond
Hugh Leach
Edward A. Wayne
N. L. Armistead
J. Dewey Daane
Aubrey N. Heflin
Upton S. Martin
Joseph M. Nowlan
James M. Slay
Atlanta
Malcolm Bryan
Lewis M. Clark
J. E. Denmark
John L. Liles, Jr.
J. E. McCorvey
Harold T. Patterson
L. B. Raisty
Earle L. Rauber
S. P. Schuessler
Chicago
Carl E. Allen
C. J. Scanlon
Ernest T. Baugfcman
W. R. Diercks
A. M. Gustavson
Hugh J. Helmer
Paul C. Hodge
Robert C. Holland
C. T. Laibly
George W. Mitchell
H. J. Newman
Harry S. Schultz
St Louis
Delos C. Johns
Homer Jones
George E. Kroner
Dale M. Lewis
Howard H. Weigel
Joseph C. Wotawa
Minneapolis
Frederick L. Deming
A. W. Mills
C. W. Groth
M. B. Holmgren
A. W. Johnson
H. G. McConnell
M. H. Strothman, Jr.
Kansas City
H. G. Leedy
Henry O. Koppang
John T. Boysen
George H. Clay
Joseph S. Handford
E. U. Sherman
Clarence W. Tow
D. W. Woolley
Dallas
Watrous H. Irons
Harry A. Shuford
James L. Cauthen
Thomas A. Hardin
G. R. Murff
Thomas W. Plant
L. G. Pondrom
Morgan H. Rice
J. L. Barbonchielli
H. E. Hemmings
A. B. Merritt
E. R. Millard
R. H. Morrill
John A. O'Kane
O. P. Wheeler
San Francisco... H. N. Mangels
Eliot J. Swan
Vice Presidents in Charge of Branches of Federal Reserve Banks
Federal Reserve
Bank of
New York
Cleveland
Richmond
Atlanta
Chicago
St. Louis
Branch
Buffalo
Cincinnati
Pittsburgh
Baltimore
Charlotte
Birmingham
Jacksonville
Nashville
New Orleans
Detroit
Little Rock
Louisville
Memphis
Vice Presidents
I. B. Smith
R. G. Johnson
J. W. Kossin
D. F. Hagner
Thomas I. Storrs
H. C. Frazer
T. A. Lanford
R. E. Moody, Jr.
M. L. Shaw
R. A. Swaney
Fred Burton
Donald L. Henry
Darryl R. Francis
Federal Reserve
Bank of
Minneapolis
Branch
Helena
Vice Presidents
Kyle K. Fossum
Kansas C i t y . . . . Denver
Oklahoma City
Omaha
Cecil Puckett
R. L. Mathes
P. A. Debus
Dallas
Howard Carrithers
J. L. Cook
Carl H. Moore
El Paso
Houston
San Antonio
San Francisco... Los Angeles
Portland
Salt Lake City
Seattle
W. F. Volberg
J. A. Randall
E. R. Barglebaugh
J. M. Leisner
Federal Reserve Board Publications
Unless otherwise noted, the material listed may be obtained from the Division of Administrative Services,
Board of Governors of the Federal Reserve System, Washington 25, D. C. Where a charge is indicated,
remittance should accompany order and be made payable to the order of the Board of Governors of
the Federal Reserve System. A more complete list, including periodic releases and additional reprints,
appeared on pages 681-84 of the June 1959 Bulletin.
FEDERAL FUNDS MARKET—A Study by a
Federal Reserve System Committee. May
1959. I l l pages. $1.00 per copy; in quantities of 10 or more for single shipment, 85 cents
each.
THE
THE FEDERAL RESERVE SYSTEM—PURPOSES AND
FUNCTIONS. April 1954. 208 pages.
ANNUAL REPORT OF THE BOARD OF GOVERNORS
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FLOW OF FUNDS IN THE UNITED STATES, 1939-53.
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1446
FEDERAL RESERVE BOARD PUBLICATIONS
REPRINTS
(From Federal Reserve Bulletin unless preceded
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THE MONETARY SYSTEM OF THE UNITED STATES.
February 1953. 16 pages.
INFLUENCE OF CREDIT AND MONETARY MEASURES
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pages.
OPEN MARKET OPERATIONS IN LONG-TERM SECURITIES. November 1958. 15 pages.
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GOLD AND DOLLAR FLOWS IN
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April 1959.
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•PART
•DETAILED DESCRIPTION OF SOURCES AND METHODS USED IN REVISION OF SHORT- AND INTERMEDIATE-TERM CONSUMER CREDIT STATISTICS.
SURVEY
1447
COMPANIES,
MID-1955.
April 1957. 17 pages.
REVISION OF MONTHLY DEPARTMENT STORE IN-
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available for earlier years from 1952, 1953,
1955, 1956, 1957, and 1958 BULLETINS.)
INTEREST RATES IN LEADING COUNTRIES.
July
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MONEY AND CREDIT IN ECONOMIC EXPANSION.
July 1959. 7 pages.
THE BALANCE SHEET OF AGRICULTURE,
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1959. 9 pages.
A QUARTERLY PRESENTATION OF FLOW OF FUNDS,
SAVING, AND INVESTMENT. August 1959. 49
pages.
THE GOVERNMENT SECURITIES MARKET.
1959.
August
22 pages.
REVISED WEEKLY INDEX OF DEPARTMENT STORE
SALES. April 1958. 10 pages.
SECURITY PLEDGED ON BUSINESS LOANS AT MEM-
GROWTH AND STRUCTURE OF TIME DEPOSITS.
THE
April 1958. 5 pages.
BER BANKS. September 1959. 16 pages.
U. S. BALANCE OF PAYMENTS, 1958-59. October 1959. 7 pages.
Index to Statistical Tables
Acceptances, bankers', 1380, 1382
Agricultural loans of commercial banks, 1374, 1376,
1420, 1422
Agriculture, Govt. agency loans, 1392
Assets and liabilities {See also Foreign liabilities and
claims reported by banks):
Banks and the monetary system, consolidated, 1370
Corporate, current, 1384
Domestic banks, by classes, 1371, 1374, 1376,
1382, 1420
Federal business-type activities,
by fund or activity, 1392
Federal Reserve Banks, 1365, 1366
Automobiles:
Consumer instalment credit, 1396, 1397, 1398,
1417, 1418
Production index, 1402, 1406
Bankers'balances, 1375, 1377
{See also Foreign liabilities and claims reported
by banks)
Banks and the monetary system, consolidated statement, 1370
Bonds {See also U. S. Govt. securities):
New issues, 1384, 1386, 1387
Prices and yields, 1380, 1381
Brokers and dealers in securities, bank loans to, 1374,
1376, 1420, 1422
Business expenditures on new plant and equipment, 1384
Business indexes, 1400
Business loans {See Commercial and industrial loans)
Capital accounts:
Banks, by classes, 1371, 1375, 1377, 1378,
1421, 1423
Federal Reserve Banks, 1365, 1366
Carloadings, 1400
Central banks, foreign, 1436, 1440
Coins, circulation of, 1369
Commercial banks:
Assets and liabilities, 1371, 1374
Consumer loans held, by type, 1397, 1417
Number, by classes, 1371
Real estate mortgages held, by type, 1393
Commercial and industrial loans:
Commercial banks, 1374
Weekly reporting member banks, 1376, 1379,
1420, 1422
Commercial paper, 1380, 1382
Commodity Credit Corporation, loans, etc., 1392
Condition statements {See Assets and liabilities)
Construction, 1400, 1406, 1407
Consumer credit:
Instalment credit, 1396, 1397, 1398, 1399,
1416, 1418
Major parts, 1396, 1398, 1417, 1418
Noninstalment credit, by holder, 1397, 1417
Consumer durable goods output indexes, 1406
Consumer price indexes, 1400, 1412
Consumption expenditures, 1414, 1415
Corporate sales, profits, taxes, and dividends, 1384, 1385
Corporate security issues, 1384, 1386
Corporate security prices and yields, 1380, 1381
Cost of living {See Consumer price indexes)
Currency in circulation, 1361, 1369
Customer credit, stock market, 1381
Debits to deposit accounts, 1368
Demand deposits:
Adjusted, banks and the monetary system, 1370
Adjusted, commercial banks, by classes, 1375
Banks, by classes, 1371, 1378, 1421, 1423
Type of holder, at commercial banks, 1375
Department stores:
Merchandising data, 1411
Sales and stocks, 1400, 1410
Deposits {See also specific types of deposits):
Adjusted, and currency, 1370
Banks, by classes, 1371, 1375, 1378, 1382,
1421, 1423
Federal Reserve Banks, 1365, 1366, 1433
Postal savings, 1368, 1370
Turnover of, 1368
Deposits, reserves, and borrowings, by class of member bank, 1363
Discount rates, 1364, 1440
Discounts and advances by Federal Reserve
Banks, 1361, 1365, 1366
Dividends, corporate, 1384, 1385
Dollar assets, foreign, 1433, 1435
Dwelling units started, 1407
Earnings and hours, manufacturing industries, 1400, 1409
Employment, 1400, 1408, 1409
Export-Import Bank, loans, etc., 1392
Farm mortgage loans, 1392, 1393, 1394
Federal business-type activities, assets and liabilities,
by fund or activity, 1392
Federal Deposit Insurance Corporation,
assets, etc., 1392
Federal finance:
Cash transactions, 1390
Receipts and expenditures, 1391
Treasurer's balance, 1390
Federal home loan banks, loans, etc., 1392, 1395
Federal Housing Administration, loans, etc., 1392,
1393, 1394, 1395
Federal National Mortgage Association,
loans, etc., 1392, 1395
Federal Reserve Banks:
Condition statement, 1365, 1366
U. S. Govt. securities held by, 1361, 1365, 1366,
1388, 1389
Federal Reserve credit, 1361, 1365, 1366
Federal Reserve notes, 1365, 1366, 1367, 1369
Finance company paper, 1380, 1382
Financial institutions, loans to, 1376
Foreign central banks, 1436, 1440
Foreign deposits in U. S. banks, 1361, 1365, 1366,
1370, 1375, 1378, 1421, 1423
Foreign exchange rates, 1441
Foreign liabilities and claims reported by
banks, 1426, 1428, 1431, 1433
Foreign trade, 1411
Gold:
Earmarked, 1434
Net purchases by U. S., 1434
Production, 1434, 1437
Reserves of central banks and governments, 1436
Reserves of foreign countries and international
institutions, 1435
Stock, 1361, 1370, 1434
Gold certificates, 1365, 1366, 1367, 1369
Govt. debt {See U. S. Govt. securities)
Gross national product, 1414, 1415
1448
INDEX TO STATISTICAL TABLES
Home owners, Govt. agency loans, 1392
Hours and earnings, manufacturing industries, 1400, 1409
Industrial advances by Federal Reserve Banks, 1365,
1366, 1367
Industrial production indexes, 1400, 1401, 1406
Instalment loans, 1396, 1397, 1398, 1399, 1416, 1418
Insurance companies, 1383, 1388, 1389, 1394
Insured commercial banks, 1373, 1374
Interbank deposits, 1371, 1375, 1378, 1421, 1423
Interest rates:
Bond yields, 1380
Business loans by banks, 1379
Federal Reserve rates, 1364
Foreign countries, 1439, 1440
Open market, 1380, 1439
Regulation V loans, 1368
Stock yields, 1380
Time deposits, maximum rates, 1368
International capital transactions of the U. S., 1426
International financial institutions, 1434, 1435,
1436, 1438
Inventories, 1414
Investments (See also specific types of investments):
Banks, by classes, 1371, 1374, 1377, 1382,
1420, 1422
Federal Reserve Banks, 1365, 1366
Govt. agencies, etc., 1392
Life insurance companies, 1383
Savings and loan associations, 1383
Labor force, 1408
Loans (See also specific types of loans):
Banks, by classes, 1371, 1374, 1376, 1382,
1420, 1422
Federal Reserve Banks, 1361, 1363, 1365,
1366, 1367
Govt. agencies, etc., 1392
Insurance companies, 1383, 1394
Savings and loan associations, 1383, 1394
Loans insured or guaranteed, 1367, 1393, 1394, 1395
Manufacturers, production indexes, 1400, 1401, 1406
Margin requirements, 1364
Member banks:
Assets and liabilities, by classes, 1371, 1374
Borrowings at Federal Reserve Banks, 1361,
1363, 1378
Deposits and reserves, by classes, 1363
Number, by classes, 1371
Reserve requirements, by classes, 1364
Reserves and related items, 1361
Weekly reporting series, 1376, 1420
Minerals, production indexes, 1400, 1401
Money rates (See Interest rates)
Mortgages (See Real estate loans)
Mutual savings banks, 1370, 1371, 1373, 1382, 1388,
1389, 1393
National banks, 1373
National income, 1414, 1415
National security expenditures, 1391, 1414
Nonmember banks, 1365, 1373, 1374
Payrolls, manufacturing, index, 1400
Personal income, 1415
Postal Savings System, 1368, 1370
Prices:
Consumer, 1400, 1412
Security, 1381
Wholesale commodity, 1400, 1412
Production, 1400, 1401, 1405, 1406
Profits, corporate, 1384, 1385
1449
Real estate loans:
Banks, by classes, 1374, 1376, 1382, 1393,
1420, 1422
Type of mortgage holder, 1393, 1394, 1395
Type of property mortgaged, 1393, 1394, 1395
Regulation V, loan guarantees, 1367, 1368
Reserve requirements, member banks, 1364
Reserves:
Commercial banks, 1375
Federal Reserve Banks, 1365, 1366
Foreign central banks and governments, 1436
Foreign countries and international institutions, 1435
Member banks, 1361, 1363, 1365, 1366, 1375,
1376, 1377, 1421, 1423
Residential mortgage loans, 1393, 1394, 1395
Sales finance companies, consumer loans of, 1396,
1397, 1399, 1417, 1419
Saving, 1415
Savings deposits (See Time deposits)
Savings institutions, principal assets, 1382, 1383
Savings and loan associations, 1383, 1394
Securities, international transactions, 1432, 1433
Security issues, 1384, 1386, 1387
Silver coin and silver certificates, 1369
State member banks, 1373
State and municipal securities:
New issues, 1386, 1387
Prices and yields, 1380, 1381
States and political subdivisions:
Deposits of, 1375, 1378, 1421, 1423
Holdings of U. S. Govt. securities, 1388
Ownership of obligations of, 1374, 1382, 1383
Stock market credit, 1381
Stocks:
New issues, 1386
Prices and yields, 1380, 1381
Tax receipts, Federal, 1391
Time deposits, 1363, 1368, 1370, 1371, 1375, 1378,
1421, 1423
Treasurer's account balance, 1390
Treasury cash, 1361, 1369, 1370
Treasury currency, 1361, 1369, 1370
Treasury deposits, 1361, 1365, 1366, 1390
Unemployment, 1408
U. S. balance of payments, 1439
U. S. Govt. balances:
Commercial bank holdings, by classes, 1375,
1378, 1421, 1423
Consolidated monetary statement, 1370
Treasury deposits at Federal Reserve
Banks, 1361, 1365, 1366, 1390
U. S. Govt. securities:
Bank holdings, 1370, 1371, 1374, 1377, 1382,
1388, 1389, 1420, 1422
Federal Reserve Bank holdings, 1361, 1365,
1366, 1388, 1389
Foreign and international holdings, 1435
International transactions, 1432, 1433
New issues, gross proceeds, 1386, 1388, 1389
Outstanding, by type of security, 1387,
1388, 1389
Ownership of, 1388, 1389
Prices and yields, 1380, 1381
United States notes, outstanding and in circulation, 1369
Utility output index, 1405
Veterans Administration, loans, etc., 1392, 1393,
1394, 1395
Yields (See Interest rates)
Alaska was added to the Twelfth Federal Reserve District as of January 3, 1959, and became
part of the Seattle Branch Territory of that District.
Hawaii was added to the Twelfth Federal Reserve District as of August 21, 1959, and became
part of the Head Office Territory of that District.
BOUNDARIES OF FEDERAL RESERVE DISTRICTS AND THEIR BRANCH TERRITORIES
(p THE FEDERAL RESERVE SYSTEM Q)
Legend
Boundaries of Federal Reserve Districts
Boundaries of Federal Reserve Branch Territories
© Board of Governors of the Federal Reserve System
® Federal Reserve Bank Cities
• Federal Reserve Branch Cities
@FedFRASER