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' *
FEDERAL RESERVE statistical release

,*2si&z..

February 29, 1988

Revision of G.7 Series

Bank credit data in this issue of the G.7 release have been
revised to reflect new benchmark and seasonal adjustments as well as
revisions in data received from sample banks that report data weekly.
The benchmark adjustments involve use of new blowup ratios derived from
quarterly condition reports dating from June 30, 1986 through June 30,
1987 for all insured banks and all foreign-related institutions that are
represented in the commercial bank universe.

These blowup ratios are

used in conjunction with the weekly reports from sample banks in
estimating totals for the banking system as a whole.

On balance, the

revisions resulted in little net change in total bank credit growth in
1986, but they raised the estimated growth rate for 1987 by about fourtenths of a percentage point.

Estimates of bank security holdings were

lowered while estimates of outstanding total loans and leases were
raised in 1986 and 1987.

The revised estimates show lower levels of

commercial and industrial loans and higher levels of real estate loans
and loans to individuals.

In this revision, data for loans to states

and political subdivisions are seasonally adjusted for the first time.
In general, month-to-month fluctuations in the seasonally adjusted data
were smoothed somewhat by the new seasonal factors.
Revised historical data and seasonal factors are available on
request from the Division of Monetary Affairs, Board of Governors of the
Federal Reserve System, Washington, D.C.




20551.

FEDERAL RESERVE statistical release
For immediate release

G.7 (407)
1

LOANS AND SECURITIES AT ALL COMMERCIAL BANKS

FBBRVABJ

Averages of Wednesday figures, billions of dollars

1987
FEB.

1987
fiAK.

1987
APB.

1987
JUT

1947
JUNE

1987
J0LI

1987
106.

1987
SEPT

1987
OCT.

1987
HOY.

1987
DEC.

29,

1988

1988
JAN.

SeasowalHy a r i j j w t e d

1. Total loans and securities 1
2.
3.
4.
5.
6.
7.
8.
9.
10.
11.
12.
13.
14.
1'5.
16.
17.
1&
1#.

U.S. government securities
Other securities
Total loans and leases2
Commercial and industrial
Bankers acceptances held*
Other commercial and industrial
U.S. addressees'
Non U.S. addressees4
Real estate
Individual
Security
Nonbank financial institutions
Agricultural
State and political subdivisions
Foreign banks
Foreign official institutions
Lease financing receivables
AM other loans

2120.1

2130.7

2152.0

2166.0

2176.7

2181.3

2199.0

2214.7

2227.6

2232.1

2230.6

2242.0

314.7
192.0
1613.5
548.0
5.0
543.0
534.3
8.8
509.7
316.0
39.8
35.1
30.7
56.4
9.5
6.2
22.5
39.3

315.4
193.1
1622.3
546.2
4.7
541.5
533.2
8.3
517.1
316.9
40.1
35.4
30.2
56.6
9.1
6.9
22.7
41.2

318.1
194.4
1639.6
549.1
4.8
544.3
536.0
8.3
524.9
317.8
44.6
35.6
29.9
56.4
9.3
6.9
23.3
42.0

321.3
195.5
1649.3
551.9
4.8
547. 1
539.0
8. 1
532.6
319. 1
43.6
35.8
30.0
56.2
9.3
6.1
23.7
41. 1

321.3
195.9
1659.6
554.4
4.6
549.9
541.3
8.4
542.6
318.9
44.0
34.6
30.0
55.9
9.6
5.9
23.9
39.9

322.9
19 4 . 3
1664.1
553.6
4.5
549.1
540.8
8.4
549.6
319.7
43.9
32.9
29.8
55.3
9.0
5.7
23.9
40.5

328.5
193.7
1676.8
554.0
5.3
548.7
540.5
8.2
556.9
321.5
45.4
32.0
29.7
54.5
9.1
5.7
24.0
44.0

331.3
193.7
1689.9
559.0
5.4
553.6
545.6
8.0
561.7
322.9
46.1
31.8
29.6
54.5
9.2
5.7
24.1
45.2

331.7
194.2
1701.7
562.9
5.6
557.3
549.3

331.1
196.2
1704.8
563. 1
4.6
558.5
550.9
7.6
576.2
325. 0
39.3
32.3
29.4
53.4
8.9
5.7
24.5
47.1

333.2
196.0
1701.4
565.5
4.3
561.2
553.0
8.2
582.3
325.9
33.6
32.3
29.3
51.2
6.2
5.6
24.8
42.7

334.1
194.0
1713.9
568.5
4.5
564.0
555.0
8.9
586.9
327.8
36.6
32.0
29.4
52.1
8.3
5.7
25.0
41.6

8.Q

569.4
324.1
47.1
32. 1
29.6
54.1
9.6
5.9
24.3
42.7

Not seasonably adjusted
1. Total loans and securities2
2.
3.
4.
5.
6.
7.
8.
9.
to.
11.
12.
13.
14.
1<5.
16.
17.
18.
19.
1.
2.
3.
, 4.

U;S. government securities
Other securities
Total loans and lease®2
Commercial amd imckretrial
Bankers acceptances held 3
Other commercial and industrial
U.S. addressees4
Non U.S. addressees4
Real estate
Individual
Security
Nonbank financial institutions
Agricultural
State and political subdivisions
Foreign banks
Foreign official institutions
Lease financing receivables
All other loans

2124.0

2130.7

2153.1

2163.4

2173.7

2172.8

2188.8

2211.6

2222.4

2231.3

2247.0

2254.6

319.3
192.7

317.4
192.7

320.0
195.5
1647.9
554.4
4.8
549.7
541.4

318.4
195.3

555.7
5.5
550.2
542.1

331.0
195.6
1704.7
562.0
4.6
557.4
549.2

333.1
196.6
1717.3
569.6
4.4
565.2
557.0

335.6
196.7
1722.4
568.1
4.3
563.8
555.7

523.9
315.0
46.4
35.5
29.1
56.9
8.9

532.0
316.5
43.9
35.6
29.7
56.2
9.0

328.3
193.6
1666.9
549.5
5.3
544.2
535.9
8.3
556.8
321.5
*3.3
31.9
30.6
53.9
8.9
5.7
23.9
40.8

329.3
193.3
1699.8
558.7
5.4
553.3
545.2

516.4
313.8
39.6
34.3
29.2
57.6
9.0

322.1
193.0
1657.7
551.3
4.6
546.7
538. 1
8.6
54 9 . 7
318.4
43.3
32.7
30.5
54.5
9.0
5.7
23.9
38.7

331.3
193.8

550.7
4.6
546.1
537.9

318.0
194.0
1641.1
552.8
4.8
548.0
539.9

562.4
324.3
44.8
32.3
30.7
53.7
9.5
5.7
24.0
43.6

570.0
325.7
45.6
32.2
30.4
53.2
9.8
5.8
23.9
44.4

576.8
326 . 7
39.4
32.7
29.6
52.3

583.2
330.2
35.3
33.6
29.1
51.2

5.7
24.2
46.4

5.6
24.8
46.2

587.3
331.2
37.5
32.3
28.7
53.9
8.5
5.7
25.2
44.1

1612.0

547.3
5.0
542.3
533.8
8.5
509. 1
315.4
38.4
34.1
29.7
57.8
9.8

6.2

22.7
41.5

1620.6

8.1

6.8

22.9
40.3

8.2

6.8

23.5
42.4

8.2

6. 1

23.8
40.7

1660.0
555.9
4.7
551.2
542.7
8.5
542.4
316.9
45.4
34.7
30.3
55.5
9.5
5.9
24.0
39.6

Data are prorated averages of Wednesday estimates, based on weekly sample reports and quartely universe reports.
Exludes loans to commercial banks in the U.S.
Includes nonfinancial commercial paper held.
U.S. includes the 50 states and the District of Columbia.




1686.6

8.2

8.1

8.2

8.8

8.2

8.6

8.1

G.7 (407)A

LOANS AND SECURITIES AT DOMESTICALLY CHARTERED COMMERCIAL BANKS
Averages of Wednesday figures, billions of dollars

1987
MAR.

1987
AP * .

1. Total loans and securities

1999.8

2006.2

2.
3.
4.
5.
6.
7.
8.
9.
10.
11.
12.
13.
14.
15.
16.
17.
18.
19.

U.S. government securities
Other securities
Total loans and leases
Commercial and industrial
Bankers acceptances held
Other commercial and industrial
U.S. addressees
Non-U.S. addressees
Real estate
Individual
Security
Nonbank financial institutions
Agricultural
State and political subdivisions
Foreign banks
Foreign official institutions
Lease financing receivables
All other teams

305.4
179.3
1515.2
475.2
2.6
472.7
469. 1
3.6
501.7
315.7
36.6
30.1
30.7
56.4
5.9
3.6
22.5
36.7

1987
SEPT

1987
OCT.

1987
NOV.

1987
DEC.

2059.1

2071.0

2082.1

2085.7

2082.8

20,89.0

317.4
179.1
1562.5
468.2
2.4
465.8
462.6
3.3
547.3
321.2
42.5
26.9
29.7
54.5
5.2
3.2
24.0
39.8

319.7
179.6
1571.7
471.2
2.4
468.8
465.7
3. 1
551.7
322.5
43.1
26.8
29.6
54.5
5.3
3.1
24.1
39.8

320. 7
179.8
1581.6
473. 1
2.3
470.8
467.8
3.0
559.5
323.8
44.3
27. 1
29.6
54. 1
5.5
3.2
24.3
37.2

319.6
181.7
1584.4
474.0
2.2
471.9
469. 1
2.8
566.0
324.7
36.6
27.2
29.4
53.4
5.0
3. 1
24.5
40.5

322.3
181.0
1579.4
474.0
2.0
472.0
470.0
2. 1
571.3
325.6
31.5
27.5
29.3
51.2
4.4
2.9
24.8
37.0

323.3
177.6
1588.1
475.3
2.2
473.1
470.0
3.1
575.7
327.5
34.b
26.9
29.4
52.1
4.6
2.9
25.0
34.1

2051.7

2067.3

2077.9

2084.8

2094.7

2099.8

317.9
178.8
1555.0
465.3
2.3
463.1
460.0
3.1
547.3
321.2
40.7
27.0
30.6
53.9
5.0
3.2
23.9
36.8

320.1
179.4
1567.8
467.3
2.3
465.0
462.0
3.0
552.5
324.0
41.7
27. 1
30.7
53.7
5.3
3.1
24.0
38.6

318.5
178.5
1580.9
469.8
2.3
467.5
464.4
3.0
560.1
325.4
43.0
27.0
30.4
53.2
5.5
3.2
23.9
39.5

319.9
181.0
1583.8
472.6
2.3
470.3
467.3
3.0
566. 6
326.4
36.9
27.5
29.6
52.3
4.9
3. 1
24.2
39.6

322.1
181.6
1591.0
476.0
2.1
473.9
470.9
3.0
572.2
329.9
32.6
28.2
29.1
51.2
4.6
2.9
24.8
39.5

324.5
180.4
1595.0
474.2
2.1
472. 1
469.0
3. 1
576.0
330.9
35.1
27. 1
28.7
53.9
4.8
2.9
25.2
36.3

1987
1987
AUG.
JULY
SeasomaMy adjusted

1987
MAY

1987
JUNE

2020.7

2033.5

2042.0

2044.9

305.6
179.9
1520.7
471.8
2.4
469.4
465.9
3.5
509.2
316.4
37.0
30.3
30.2
56.6
5.5
3.7
22.7
37.3

308.4
180.7
1531.7
471.3
2.4
468.8
465.5
3.4
516.5
317.5
40. 1
30.6
29.9
56.4
5.3
3.5
23.3
37.3

311.4
180.8
1541.3
471.7
2.4
469.3
465.8
3.5
524.0
318.8
39.7
JO.7
30.0
56.2
5.3
3.4
23.7
37.8

311.5
180.8
1549.7
471.5
2.3
469.1
465.6
3.5
533.7
318.6
41.0
29.7
30.0
55.9
5.4
3.3
23.9
36.9

312.5
179.6
1552.8
46 9 . 6
2.3
467.3
46 4. 1
3.2
54 0 . 5
319.4
41.0
28.0
29.8
55.3
5. 1
3.2
23.9
37.0

2003.1

2004.6

2021.8

2032.5

2040.0

2039.0

309.4
180.2
1513.5
474.7
2.6
472. 1
468.4
3.7
501.1
315.1
35.2
29.5
29.7
57.8
6.1
3.6
22.7
37.9

307. 1
179.6
1517.9
474.8
2.5
472.3
468.9
3.4
508.4
313.5
36.4
29.5
29.2
57.6
5.4
3.7
22.9
36.4

30 8. 1
180.7
1532.9
474.7
2.3
472.4
469.1
3.3
515.6
314.6
41.9
30.4
29.1
56.9
5. 1
3.5
23.5
37.6

310.0
181.1
1541.4
475. 3
2.4
472.9
469.7
3.2
523.4
316.2
40.4
30.6
29.7
56.2
5.1
3.4
23.8
37.3

308.5
180.5
1551.0
473.4
2.4
471.0
467.9
3. 1
533.5
316.6
42.5
29.9
30.3
55.5
5.4
3.3
24.0
3b. 6

312.3
178.1
1548.6
468.7
2.3
466.4
46 3 . 4
3.0
540.5
318.0
40.7
27.8
30.5
54.5
5.1
3.2
23.9
35.7

1987
FEB.

1988
JAN.

Not seasonally adjusted
1. Total loans and securities
2.
3.
4.
5.
6.
7.
8.
9.
10.
11.
12.
13.
14.
15.
16.
17.
18.
#.
1.
2.
3.
4.

U.S. government securities
Other securities
Total k>ans and leases
Commercial and industrial
Bankers acceptances held3
Other commercial and WwsBrial
U.S. addressees4
Non-U.S. addressees4
Real estate
Individual
Security
Nonbank financial institutions
Agricultural
State and political subdivisions
Foreign banks
Foreign official institutions
Lease financing receivables
AM either loams

Data are prorated averages of Wednesday estimates for domestically chartered insured banks, based on weekly sample reports and quarterly universe reports.
Exludes loans to commercial banks in the U.S.
Includes nonflnancial commercial paper held.
U.S. includes the 50 states and the District of Columbia.




G.7 (407)8

LOANS AND SECURITIES AT FOREIGN-RELATED INSTITUTIONS1
1967

FES.
1. Total loans and securities1
2.
3.
4.
5.
6.
7.
8.
9.
10.
11.
12.
13.
14.
15.
16.
17.
18.
19.

U.S. government securities
Other securities
Total loans and leases*
Commercial and industrial
Bankers acceptances held'
Other commercial and industrial
U S. addressees4
Non-U.S. addressees4
Real estate
Individual
Security
Nonbank financial institutions
Agricultural
State and political subdivisions
Foreign banks
Foreign official institutions
Lease financing receivables
All other loans*

1987
NIK.

1987
APR.

1987

EAI

1987

JOSE

1987

JOLT

1987

AOG.

1987

1987

SEPT

OCT.

1987
•Of.

1987

DEC.

1988

j a a.

Seasonally adjusted

120.3

124.5

131.3

132.6

134.8

136.4

139-9

143.7

145.5

146.4

147.9

153.0

9.3
12.7
98.3
72.8
2.5
70.4
65.2
5.2
8.0
0.3
3.3
5.0

9.8
13.2
101.5
74.3
2.2
72.1
67.3
4.9
8.0
0.3
3.1
5.1

9.7
13.?
107.9
77.8
2.4
75.4
70.5
4.9
8.3
0.3
4.5
5.1

9.9
14.6
108.0
80.2
2.4
77.8
73.2
4.6
8.6
0.3
3.8
5.1

9.8
15.1
109.8
82.9
2.2
80.7
75.7
5.0
8.9
0.3
3.0
4.9

10.4
14.7
111.3
84. a
2.2
81.8
76.6
5.2
9.2
0.3
2.8
4.9

11.1
14.5
114.3
85.8
3.0
82.9
78.0
4.9
9.5
0.3
2.9
5.0

11.6
14.0
118.1
87.8
3.1
84.8
80.0
4.6
9.9
0.3
3.0
5.0

11.0
14.*
120.1
69.8
3.2
86.5
81.5
5.0
9.9
0.3
2.8
5.0

11.5
14.5
120.4
89.1
2.5
86.6
81.8
4.8
10.2
0.3
2.7
5.1

10.8
15.0
122.0
91.5
2.3
69.2
83.0
6.2
11.0
0.3
2.1
4.8

10.7
16.4
125.9
93.2
2.4
90.9
85.1
5.8
11.2
0.3
2.0
5.1

3.6
2.6

3.6
3.1

4.0
3.2

4.0
2.7

4.2
2.5

4.0
2.5

3.9
2.5

3.9
2.6

4.3
2.7

3.9
2.6

3.8
2.6

3.6
2.8

2.7

3.9

4.7

3.2

3.0

3.9

4.3

5.4

5.5

6.6

5.7

7.5

Not seasonally adjusted
1. Total loans and securities1
2.
3.
4.
5.
6.
7.
8.
9.
10.
11.
12.
13.
14.
15.
16.
17.
1S.
19.

U.S. government securities
Other securities
Total loans and leases1
Commercial and industrial
Bankers acceptances held1
Other commercial and industrial
U.S. addressees4
Non-U.S. addressees4
Real estate
Individual
Security
Nonbank financial institutions
Agricultural
State and political subdivisions
Foreign banks
Foreign official institutions
Lease financing receivables
All other loans*

120.9

126.1

131.4

130.9

133.7

133.9

137.1

144.3

144.5

146.5

152.3

154.8

9.9
12.5
98.5
72.6
2.4
70.2
65.4
4.8
8.0
0.3
3.2
4.6

10.3
13.1
102.7
75.9
2.2
73.8
69.0
4.7
8.0
0.3
3.2
4.8

9.9
13.3
108.2
78.1
2.4
75.6
70.8
4.8
8.3
0.3
4.5
5.1

10. 1
14.4
106.5
79.1
2.4
76.7
71.9
5.0
8.6
0.3
3.5
5. 0

9.9
14.8
109.0
82.5
2.3
80.2
74.8
5.4
8.9
0.3
2.9
4.8

9.9
15.0
109. d
82.6
2.3
80.3
74.7
5.6
9.2
0.3
2.6
4.9

10.4
14.8
111.9
84.2
3.0
81.2
75.9
5.2
9.5
0.3
2.6
4.9

11.2
14.4
118.7
88.5
3.2
85.2
80.1
5.3
9.9
0.3
3.1
5.2

10.8
14.8
118.9
89.0
3.1
85.8
60.7
5.1
9.9
0.3
2.6
5.2

11.1
14.5
120.9
89.4
2.4
87.1
81.9
5.2
10.2
0.3
2.5
5.2

11.0
15.0
126.4
93.6
2.3
91.3
86.1
5.2
11.0
0.3
2.7
5.4

11.1
16.3
127.4
93.9
2.2
91.7
86.7
5.0
11.2
0.3
2.4
5.2

3.7
2.6

3.6
3.1

3.8
3.2

3.8
2.7

4.0
2.5

3.9
2.5

3.9
2.5

4.1
2.6

4.3
2.7

3.8
2.6

3.9
2.6

3.7
2.8

3.6

3.9

4.8

3.4

3.0

3.0

3.9

5.0

4.9

6.8

6.7

7.7

1. Data are prorated averages of Wednesday estimates based on weekly reports from large U.S. agencies and branches and quarterly reports from all U.S. agencies and branches, New
York investment companies majority owned by foreign banks, and Edge Act Corporations owned by domestically chartered and foreign banks.
2. Exludes loans to commercial banks in the U.S.
3. Includes nonfinancial commercial paper held.
4. U.S. Includes the 50 states and the District of Columbia.
5. Small amounts of agricultural loans and lease financing receivables (not shown separately) are included in "all other loans."
NOTE: Data not available separately where dashes are shown.