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. , 9.ANK April 19, 1974 L.4.3 Not For Publication Reseurcii U i » a r y BANKING AND MONETARY DEVELOPMENTS March 1974 Banking Section Division of Research and Statistics Board of Governors of the Federal Reserve System Table 1 Changes in Commercial Bank Credit, Money Stock, and Time Depoists Seasonally adjusted annual rates (per cent) 1973 1974 1972 Year Year 1st half 2nd half 4th Qtr.p 1st Qtr.p Tan.p feb*e Mar, p # Total bank credit—^ 14.8 12.4 16.4 7.8 4.7 15.9 15.7 14.0 17.4 3.0 -14.1 -1.0 -27.3 -22.0 18.8 15.8 40.1 -- Other securities 11.8 9.4 5.8 12.7 12.6 9.1 16.9 10.2 -- Loans—^ 18.0 17.7 22.5 11.5 5.8 17.5 15.4 12.0 24.5 11.9 20.5 28.5 10.9 6.0 23.0 16.9 9.1 42.1 Real estate loots 20.5 19.2 20.8 15.9 14.2 12.0 14.4 7.1 14.1 16.9 14.9 16.2 12.6 10.1 6.9 11.9 r4.4 4.4 U.S. Gov't sec. • Business loans • Consumer loans Adjusted for loans sales to bank affiliates # e # Total bank credit^ 14.6 12.6 16.6 8.0 4.4 16.2 15.8 15.0 17.1 1/ Loans- 17.7 18.0 22.8 11.8 5.5 17.9 15.5 13.5 24.0 Business loans 11.8 20.9 28.9 11.3 5.1 23.2 16.6 9.7 42.1 8.7 5.7 7.7 3.7 7.5 6.5 -3.6 rl2.9 10.1 Total time deposits 15.7 15.9 20.7 10.0 5.8 15.3 21.5 14.9 9.0 Time other than CD's 13.5 11.3 10.3 11.6 12.5 12.0 15.2 rl3.8 6.6 CD's (dollar change 10.4 in billions) 19.4 18.6 0.8 -3.9 4.9 2.7 1.1 1.1 Money stock 1/ Adjusted to exclude domestic interbank loans. Table 2 Loans and Investments at All Commercial Banks (Seasonally Adjusted) Date Total Loans ( I n b i l l i o n s U.S. Gov't. securities of d o l l a r s Other securities ) 1970—Dec. 1971—Dec. 31 31 435.5 484.8 291.7 320.3 57.9 60.1 85.9 104.4 1972—July Aug. Sept. Oct. Nov. Dec. 26 30 27 25 29 31 522.8 529.0 535.4 540.4 549.9 556.4 349.1 354.1 360.0 265.7 372.9 377.8 62.3 61.9 61.5 60.3 60.9 61.9 111.4 113.0 113.9 114.4 116.1 116.7 1973—Jan. Feb. Mar. Apr. May June July Aug. Sept. Oct. Nov. Dec. 31 28 28 25 30 30 25 29 26 31 28 31 p p p p p p 564.7 575.4 583.6 589.6 597.7 602.0 608.2 616.0 618.2 621.7 624. 6 625.4 385.8 397.2 405.8 411.1 417.4 420.3 427.3 435.3 438.1 440.0 443.6 444.5 61.8 60. 6 60.4 61.0 61.0 61.6 59.6 ' 57.7 56.3 54.9 54.5 53.2 117.1 117.6 117.4 117.5 119.3 120.1 121.3 123.0 123.8 126.8 126.5 127.7 1974—Jan. Feb. Mar. 30 p 27 p 27 p 633.6 641.0 650.3 450.2 454.7 464.0 53.9 55.7 55.7 129.5 130.6 130.6 1/ Adjusted to exclude domestic commercial interbank loans. p - Preliminary. e TABLE # # # LOANS SOLD OUTRIGHT BY COMMERCIAL BANKS AND BANK CREDIT ADJUSTED FOR SELECTED LOAN SALES Date 1970—Dec. 1971—Dec. 1972—Dec. 1973—Dec. 1973 July Aug. Sept. Oct. Nov. Dec. 25p 29p 26p 31p 28p 31p 1974 Jan Feb. Mar. 3 Op 27p 27p Loans sold outright by commercial banks (outstanding in billions of dollars, N.S.A.) Sold to Sold to nonbank public 2/ Affiliates 1/ Business Business Business Total Loans Loans Total Total Loans 4.7 4.5 4.4 2.5 2.0 2.0 3.0 2.1 2.6 1.7 2.8 1.6 1.7 1.7 1.8 6.1 2.9 4.3 *2.6 1.8 5.7 6.5 6.4 6.4 2.9 3.2 3.3 3.2 3.0 2.9 4.0 4.7 4.6 4.6 4.3 4.3 2.6 1.7 2.9 2.9 2.9 2.7 2.9 3.0 3.2 4.4 5.0 4.9 6.1 6.1 6.2 6.4 6.3 Commercial bank credit (seasonally adjusted) Total loans and investments Adjusted 3/ Originial 30p 29p 26p 31p 28p 31p 1974 Jan. Feb. Mar. 30p 27p 27p 0.5 0.8 •0.1 0.4 0.3 0.1 0.5 0.7 -0.1 435.5 484.8 556.4 625.4 438.5 487.6 559.0 629.7 291.7 320.3 377.8 444.5 294.7 323.1 380.4 448.8 110.0 608.2 616.0 618.2 621.7 624.6 625.4 612.2 620.7 622.8 626.3 628.9 629.7 427.3 435.3 438.1 440.0 443.6 444.5 431.3 440.0 442.7 444.6 447.9 448.8 151.4 153.6 154.0 154.0 155.5 156.3 115.9 129.7 156.3 2.6 1.8 2.6 1.8 0.3 633.6 638.0 450.2 454.6 158.5 2.7 1.4 1.4 0.3 0.4 641.0 650.3" 646.0 655.2 454.7 464.0 459.7 468.9 159.7 165.3 2.8 0.4 0.3 % -0.1 -0.2 -0.1 1/ -o;i 0.1 0.2 •0.1 2/ 0.1 0.2 0.1 0.6 5/ 0.1 1.8 1.8 1.8 1.8 -0.2 -0.1 (Annual rates in per cent) 20.0 21.2 5.6 1.5 13.3 16.7 4.1 6.7 5.0 1.5 22.5 7.7 5.2 9.8 2.4 24.2 7.4 5.2 8.9 2.4 5/ 15.7 15.8 15.4 15.5 16.9 ofl 14.0 17.4 15.0 17.1 24.5 12.0 13.5 24.0 9.1 42.1 5/ 0.1 I 5/ 5/ -0.4 5/ 1/ 0.1 -0.1 % 12.4 15.4 4.3 6.8 JL/ To bank holding companies affiliates, subsidiaries or foreign branches. 2/ To other than banks' and bank-related affiliates or subsidiaries. 3/ Includes all loans sold to bank holding companies, affiliates, subsidiaries, or foreign branches. 4/ Includes business loans sold to bank holding companies, affiliates, subsidiaries, or foreign branches. Less than $50 million. Digitized for 5/ FRASER Business loans Original Adjusted 4/ 0.3 0.3 0.4 0.3 0.3 0.3 5/ -0.3 5/ -0.1 Total loans Adjusted 3/ Original 0.4 0.4 0.3 0.3 Net Change (Billions of dollars 1973 July Aug. Sept. Oct. Nov. Dec. # 25.9 17.4 3.1 11.7 6.2 TABLE 4 NONDEPOSIT SOURCES OF FUNDS AND METHODS OF FINANCE (Outstandings in billions of dollars) Date Total Total Euro-dollars Through branches outside U.S. Territories Foreign and possessions Through brokers and 1/ dealers Commercial Direct^"^ paper 2/ 1969 May Dec. 28 31 12.7 19.6 10.9 14.5 9.9 12.8 0.6 0.8 0.1^ 0.6 1970 June Dec. 24 30 21.5 11.7 13.1 8.6 12.2 7.7 0.6 0.8 0.2 0.1 1/ 1971 Dec. 29 4.4 1.3 0.9 0.4 1972 July Aug. Sept. Oct. Nov. Dec. 26 30 27 25 29 27 4.7 4.7 5.4 4.9 5.2 4.9 1.6 1.5 2.2 1.6 1.9 1.6 1.3 1.3 2.0 1.4 1.7 1.4 1973 Jan. Feb. Mar. Apr. May June July Aug. Sept. Oct. Nov. Dec. 31 28 28 25 30 27 25 29 26 31 28 26 5.0 5.2 6.1 6.1 6.6 6.9 7.6 8.4 7.5 7.1 8.0 7.3 1.6 1.0 1.4 1.3 1.5 1.7 2.3 3.0 1.9 1.9 2.7 2.0 30 27 7.7 7.6 27 9.3 1974 Jan. Feb. Mar. 1 / Tnn 1 ii/3£* oart 1 n/1 a o.jf Customer guaranteed Ineligible paper acceptances 0.6 0.2 0.1 0.3 1/ 0.1 0.1 0.3 0.3 0.5 0.2 . i.o 0.2 0.3 0.2 0.9 0.8 0.8 0.8 0.7 0.7 0.7 0.7 0.7 0.6 0.6 0.6 0.2 0.1 0.1 0.2 0.1 0.1 0.3 0,3 0.4 0.4 0.4 0.4 0.4 0.4 0.4 0.4 0.4 0.4 1/ 7/ 0.1 0.1 2.7 3.1 3.5 3.8 4.0 4.3 4.5 5.1 5.2 4.9 5.0 4.9 0.7 1.0 1.3 1.0 1.1 0.9 0.8 0.3 0.3 0.3 0.4 0.4 0.6 0.9 1.1 0.9 0.9 0.8 0.6 0.2 0.2 0.2 0.2 0.2 0.1 0,2 0.2 0.1 0.2 0.1 0.2 0.1 0.1 0.1 0.2 0.2 0.4 0.4 0.4 0.3 0.3 0.3 0.3 0.4 0.3 0.4 0.4 0.4 0.4 0.6 0.9 1.1 1.5 1.4 1.5 1.3 1.1 0.9 0.6 0.5 7/ 7/ 0.1 0.1 5.5 5.5 0.3 0.1 0.2 2/ 0.1 0.1 0.4 0.4 0.5 0.5 1/ 0.1 6.0 0.2 0.1 0.2 0.4 0.5 0.8 4.3 1.0 0.8 0.4 0.6 1/ 7.6 2.3 0.7 0.7 0.7 0.7 1/ 1/ 2.0 1.2 0.2 0.2 0.2 0.2 0.2 0.2 2/ 1/ 7/ 7/ 7/ 7/ 1/ 1/ 1/ 7/ 1/ 1/ 2.3 2.4 2.4 2.5 2.6 2.6 1.4 0.8 1.1 1.1 1.4 1.5 2.1 2.8 1.7 1.7 2.5 1.7 0.2 0.2 0.2 0.2 0.2 0.2 0.1 0.1 0.1 0.1 0.1 0.2 7/ 7/ 7/ 7/ 7/ 7/ 7/ 7/ 7/ 7/ 7/ 7/ 1/ 7/ 0.1 7/ 2/ 7/ 7/ 7/ 1.9 1.9 1.7 1.7 0.2 0.1 3.0 2.9 0.2 0.3 i 2/ Issued by a bank holding company or other bank affiliates. 3/ Loans or participation in pools of loans sold under repurchase agreements. 4/ To bank holding companies, affiliates, or subsidiaries. 5/ To other than banks and bank-related affiliates or subsidiaries. 6/ Partly estimated. http://fraser.stlouisfed.org/ 7/ ^ s s than $50 m i ^ L o n . ^ ^ Federal Reserve Bank of St. Louis Loans sold under repurchase agreement 3/ To the To bank , . nonbank public— Total affiliates— V Table 5 Loans at All Commercial Banks Seasonally Adjusted Business Date ( I n 1970—Dec. 1971--Dec. 1972--Dec. 31 31 31 1973—Jan. Feb. Mar. Apr. May June July Aug. Sept. Oct. Nov. Dec . 31 28 28 25 30 30 25 29 26 31 28 31 1974—Jan. Feb. Mar. b i l l i o n s o i Security Nonbank financial Agriculture dollar• s ) 110.0 115.9 129.7 72.3 81.4 98.1 53.4 60.2 70.4 10.2 10.8 14.7 14.5 15.5 21.5 11.4 12.8 14.6 P P P P P P 133.3 138.1 141.8 143.9 146.8 148.2 151.4 153.6 154.0 154.0 155.5 156.3 99.7 101.3 103.1 104.6 106.5 108.3 109.7 111.4 112.9 114.3 115.6 116.9 71.5 72.5 73.5 74.2 75.2 76.1 77.0 78.2 78.9 79.9 80.6 80.9 14.3 14.3 14.0 14.0 13.9 13.2 12.4 13.2 12.1 12.6 12 ,5 11.8 22 .5 24.1 24.9 25.3 26.6 25.9 27.1 28.5 28.7 27.3 28.0 27.1 15.0 15.1 15.2 15.3 15.5 15.7 15.8 16.0 16.2 16.4 16.7 17 .1 30 P 27 P 27 P 158.5 159.7 165.3 118.3 119.0 120.4 81.7 r82.0 82.3 11.0 12.6 11.6 29.0 29.3 29.7 17.2 17.3 17.5 . p - Preliminary Consumer Real Estate Table 6 Changes in Loans and Investments at All Commercial Banks, Seasonally Adjusted (In billions of dollars) Item July Aug.p Sept.p Oct.p Nov. p Dec. p Jan. p +4.3 +6.2 +7.8 +2.2 +3.5 +2.9 40.8 +8.2 +7.4 v +0.6 -2.0 -1.9 -1.4 -1.4 -0.4 -1.3 40.7 +1.8 — +0.1 +1.8 +0.8 +1.2 +1.7 +0.8 +3.0 -0.3 +1.2 +1.8 +1,1 - - +8.6 +5.3 +6.3 +2.9 +7.0 +8.0 +2.8 +1.9 * +3.6 +0.9 +5.7 +4.5 +9.3 +4.8 +3.7 +2.1 +2.9 +1.4 +3.2 +2.2 +0.4 -- +1.5 40.8 +2.2 +1.2 +5.6 Real estate +1.6 +1.8 +1.5 +1.9 +1.8 +1.4 +1.7 +1.5 +1.4 +1.3 +1.3 +1.4 +0.7 +1.4 Consumer +1.0 +1.0 +0.7 +1.0 +0.9 40.9 +1.2 +0.7 +1.0 ' +0.7 +0.3 +0.8 r4-0.5 +.3 Security v -0.3 V -0.1 -0.7 -0.8 +0.8 -1.1 +0.5 -0.1 -0.7 -0.8 +1.6 -1.0 Nonbank financial +1.6 +0.8 +0.4 +1.3 -0.7 +1.2 +1.4 +0.2 -1.4 +0.7 -0.9 +1.9 +0.3 +.4 Agriculture +0.1 +0.1 +0.1 +0.2 +0.2 +0.1 +0.2 +0.2 +0.2 +0.3 +0.4 +0.1 40.1 +.2 All other +2.3 +1.5 +0.5 -0.9 1/ +1.0 +0.5 +0.9 40.2 -0.8 -0.3 +0.1 40.3 +2.4 Feb. Mar. Apr. May +10.7 +8.2 +6.0 +8.1 U. S. Gov't, securities -1.2 -0.2 +0.6 Other securities +0.5 -0.2 +11.4 Business Loans and Investments 2/ Loans 2/ 1/ 2/ Less than $50 million. Adjusted to exclude interbank loans. June 11 • Feb. p Mar. p +9.3 Table 6A Changes in Loans and Investments at All Commercial Banks, Seasonally Adjusted Adjusted for loans sold to affiliates (In billions of dollars) 1973 Item Loans and Investments 2/ 1974 Feb. Mar. Apr. May June July p Au +11.2 +8.3 +6.4 +8.2 44.1 +6.7 +8.5 +2.1 «* p Sept. p Oct. p Nov. p Dec. p Jan. p Feb. p +3.5 +2.6 +0.8 +8.3 +8.0 U. S. Gov't, securities -1.2 -0.2 +0.6 v +0.6 -2.0 -1.9 -1.4 -1.4 -0.4 -1.3 +0.7 +1.8 Other securities +0.5 -0.2 +0.1 +1.8 +0.8 +1.2 +1.7 +0.8 +3.0 -0.3 +1.2 +1.8 +1.1 +11.9 +8.7 +5.7 +6.4 +2.7 +7.5 +8.7 +2.7 +1.9 *+3.3 +0.9 +5.8 +5.1 +5.2 +3.6 +2.4 +2.8 +1.4 +3.6 +2.5 +0.4 +1.3 +0.7 +2.2 +1.3 Loans 2/ Business 1/ 2/ Less than $50 million. Adjusted to exclude domestic interbank loans. Mar. p Table 7 Changes in Loans and Investments at All Commercial Banks, at Weekly Reporting Banks, and and at Other Banks, Not Seasonally Adjusted Adjusted for Loans Sold (In billions of dollars) Last Wednesday of February to last Wednesday of March Item 1969 1968 1970 1974 P 1971 1973 r 1972 All commercial banks 2/ Total loans U. S. Gov't, securities Other securities Total +11.0 All Large Banks 2/3/ Total loans U. S. Gov't, securities Other securities Total +6.3 - .4 + .5 +6.4 +5.4 +3.3 +3.5 +1.0 +0.9 +4.2 Other banks 2/3/ Total loans U. S. Gov't, securities Other securities Total +9.7 - .2 ±L2 + .2 +4.6 +9.1 -0.4 +0.9 +9.6 +5.6 +0.5 +5.6 +3.7 +0.3 -0.2 II -0.2 +1.6 +0.1 +2.2 +8.3 +1.1 +5.0 +1.5 +0.5 +1.4 +3.4 +1.8 -1.0 +1.9 +3.5 +0.5 +1.3 +0.9 +0.3 +1.4 +2.7 +0.7 -0.3 +1.7 -2.0 +0.9 +0.6 +1.0 -1.7 +0.1 +0.6 +1.1 +0.9 -0.7 +0.4 +0.8 +0.7 -0.3 +0.3 1971 1970 1969 1968 -4.5 -1.9 -3.3 -1.3 +1.9 +0.2 +1.1 +3.2 +0.5 1/ +0.6 End of December to end of March Item 1972 1974 p 1973 r All commercial banks 2/ Total loans U. S. Gov't, securities Other securities Total +3.3 -1.9 +3.2 +4.6 +14.9 -5.8 +0.7 +9.8 +4.0 +4.2 +5.4 -6.9 -3.2 +1.3 All Large Banks 2/3/ Total loans U. S. Gov't, securities Other securities Total +1.2 - .8 +1.0 +9.1 -4.9 -0.9 +3.3 +0.5 -1.3 +1.3 +0.5 -4.8 -5.0 Other banks 2/3/ Total loans U. S. Gov't, securities Other securities Total +2.1 -1.1 +2.2 +5:8 - .9 +1.8 -0.8 +1.4 +3.2 +1.6 +6.5 +2.3 -2.1 +2.7 +3.7 -0.1 +0.8 -0.6 +2.9 -2.5 +0.4 +0.5 +2.5 +3.3 -8.8 -2.0 +1.2 -5.8 -1.9 -1.2 +0.2 -2.9 -6.1 +0.1 -8.0 +1.6 -3.0 -3.5 -4.5 -0.9 -9.0 -3.1 -1.7 +1.2 +1.6 -1.6 +1.1 +1.0 +0.4 +0.4 -3.6 -0.2 +0.6 NOTE: Data exclude domestic interbank loans; Call report data for large banks used when available. Loans adjusted to include all loans sold to bank holding companies, affiliates, subsidiaries, or foreign branches. 1/ Less than $50 million. 2/ Based on revised reporting beginning July 1969. Changes have been adjusted to maintain comparability of series. 3/ Based on revised coverage beginning July 1966, and January 1967 - 1974. 4/ Allowance nas oeen made in monthly changes in total loans and in other securities for approximately $700 million of Farmers Home Administration insured notes shifted from loans to other securities on June 30, 1971; $200 million were at weekly reporting banks and $500 million at other banks. Table 8 Changes in Commercial and Industrial Loans at Large Commercial Banks (In millions of dollars) Business of borrower Food processors Commodity dealers Trade concerns Retail trade Wholesale trade Metals Primary metals Machinery Transportation equipment Other fabricated metals Textiles, apparel, etc. Petroleum Chemicals Other durable manufacturing Other nondurable manufacturing Mining Public Utilities, total Transportation 3/ Communication 3/ Other public utilities Construction All other types of business Bankers acceptances Services 3/ Other Foreign business concerns 3/ Classified Unclassified Total Change Late Eebruary to late March 1974 p +303 -107 +697 +443 +254 +1.319 + 88 +813 +185 +233 +332 + 11 +257 +303 +130 + 55 +333 +158 + 73 +102 + 75 +841 + 66 +320 +455 +171 +4,720 +511 +5,231 1973 r +129 -178 +471 +349 +122 +516 + 21 +378 - 44 +161 +206 +117 +281 +258 + 83 +121 -128 - 24 - 73 - 31 +116 +726 + 66 +341 +319 +447 +3,165 +434 +3,599 1972 -114 + 31 +112 + 71 + 41 +221 + 49 +148 - 45 + 69 +215 — 88 + 10 +111 + 57 + 71 -175 + 44 - 85 -134 + 47 +204 *187 +179 +212 + 67 +769 +264 +1,033 1/ Late December to late March 1971 1970 - 38 - 12 +172 +111 + 61 +119 +147 -164 + 62 . + 74 + 70 - 11 + 40 + 77 + 21 - 92 -174 +137 - 2 -309 + 84 -103 - 66 - 41 + 4 +120 +273 +386 +659 - 35 - 81 +111 + 98 + 13 +331 - 1 +223 + 25 + 84 +103 + 54 - 6 +107 + 19 - 41 -340 + 14 - 1 -353 + 12 +202 + 43 + 45 +114 + 40 +476 - 17 +459 1974p 1973 r +121 +213 +358 + 73 +1,014 +1,068 +556 +680 +458 +388 +1,592 +1,232 + 77 +126 +881 +854 +381 - 15 +253 +267 +559 +457 -133 +218 +250 +747 +338 +549 +118 +204 +303 +331 - 39 +598 + 96 + 93 +162 +201 -297 +304 — •» +264 +346 +1.388 -230 t 42 +201 +732 +103 +886 +115 +580 +4,942 +7,922 +748 +939 +5,W0 +8,861 if 1972 1971 1970 -231 -202 +162 +262 -100 - 23 + 59 - 97 + 8 + 7 +285 - 97 -115 +155 - 64 -137 -448 - 44 - 4 -330 +120 -187 -543 +393 - 37 +130 -652 -528 - 53 + 59 + 91 - 32 -180 +147 -280 - 77 + 30 +159 -285 + 21 +129 - 80 -138 - 41 +269 + 25 -335 +130 -446 -162 -266 - 18 +140 -1,113 +420 -693 -415 -158 -195 -103 - 92 +296 - 74 +149 + 96 +125 +169 -124 - 1 ±kll -240 2/ Changes are compiled from December 26, 1973; December 27, 1972; December 29, 1971; and December 30, 1970, and December 31, 1969. These data cannot be linked with all commercial bank data which are always for December 31. — — - 8 -445 -1.169 -156 -220 -793 - 83 -368 -156 -128 - 84 -106 -2,726 -389 -3,115 TABLE 9 Loans and Investments at All Commercial Banks (In billions of dollars) /Not seasonally adjusted) Loans and investments U. S. Gov't. 63.0 59.5 56.2 62.5 64.5 54.7 61.7 64.9 67.0 26 30 27 25 29 31 521.4 525.8 535.0 540.3 549.9 571.4 59.6 59.3 60.3 60.9 63.2 67.0 111.5 31 28 28 25 565.6 571.1 580.6 587.3 594.8 605.6 65.6 61.6 61.2 116.5 116.8 117.7 118.6 31 31 31 30 31 31 31 31 31 1972—July. Aug. Sept. Oct. Nov, Dec. 1 9 7 3 — Jan. Feb. Mar. Apr. 3/ Sept. -26p Oct. 31p N o v . 2^p Dec. .31p 617.9 621.4 624.5 642.3 60.4 58.3 57.9 56.4 54.7 54.8 55.6 57.3 58.6 """SjvSt 633.1 635.8 646.8 58.1 56.9 56.7 Sfc 1 *ys. «P Mar. e 38.8 279.2 307.6- , 324.0=360.8 400.4 412.1 446.8 497.9 571.4 1964—Dec, 1965—Dec. 1966—Dec, 1967—Dec. 1968—Dec. 1969—Dec, 1970—Dec. 1971—Dec. 1972—Dec. NOTE: Other securities 27p 606.8 612.0 p a t a exclude domestic interbank loans. s > 61.5 71.5 71.3 86.1 104.7 117.1 112.8 Total loans 177.4 203.2 1/2/ 219.0^-' 236.8 264.4 286.1 299.0 328.3 387.3 350.3 353.7 360.7 365.2 Business 60.2 71.4 80.6 88.4 98.4 108.4 112.5 118.5 132.7 122.3 122.2 387.3 124.2 125.8 127.6 132.7 119.9 121.1 121.4 122.8 123.9 125.9 125.1 128.1 383.5 392.6 401.7 408.3/ 416.6 426.6 429.1 434.6 > 439.1 439.9 442.1 455.6 132.0 136.-6 141.7 144.4 146.-4 150M 151v8 152.2 154.1 153.3 154.6 159.9 128.8 129.7 131.2 449.1 458.9 114.0 114.2 114.9 117.1 371.8 4464 Real estate 43.7 49.3 53.9 58.5 5 > Security Farm 7.5 8.4 8.5 9.0 10.5 8.2, 2/ 8.6^ 9.3 9.7 10.3 11.8 31.0 35.7 38.3 40.6 46.3 51.0 53.6 60.5 70.6 98.4 10.7 12.1 12.9 17.6 90.8 92.5 94.1 95.6 97.2 98.4 13.2 13.4 14.7 13.9 14.7 17.6 13.6 13.7 13.7 13.9 14.1 14.3 65.6 66.9 67.7 99.6 100.9 102.5 104.1 14.9 14.4 13.6 13.4 13.6 13.4 14.6 14.8 15.0 15.3 15.7 12.7 71.0 71.6 72.5 73.7 75.1 76.5 77.5 79.0 Z9.5 80.3 72.5 81.6 106.1 108.2 109.7 111.6 11.2 12.5 14.3 12.0 16.0 16.2 116.2 12.1 117.3 14.1 16.4 16.4 16.4 16.5 16.7 156^8 118.2 81.1 17.0 17.3 : 80.9 165.1 10.9 12.3 11.3 16.8 118.5 119.7 Consumer and "other loans" were partly estimated for all dates. 18.7; 19.2 19.820.5 23.4 69.4 70.6 12.2 158a 18.2 68.6 113.5 115.0 12.3 Nonbank financial institutions 10.9 13.3 13.3 12.5 13.7 15.1 15.9 16.9 23.4 22.2 23.* 24.5 24.8 26.0 27.7 27.5 28.1 28.6 27.7 27.2 29.5 80.8 81.2 28.1 28.0 81.2 29,0 All other 15.7 ~ 16.8 15.3 16.9 19.3 20.6 21.2 25.3 30.3 26.4 2b. 3 27.1 27.6 28.3 30.3 29.2 31.0 31.9 32.6 33.7 34.4 34.4 34.6 34.8 34.9 34.7 36.9 34.3 34.3 35.3 Other data are partly estimated on all but 1/ 2/ Beginning June 9 , 1966, $1.1 billion of balances accumulated for the payment of personal loans were deducted from time deposits and "all other" loans. Beginning June 30, 1966, about $1 billion of participation certificates previously included in agricultural and "all other" loans were reclassified ~~ 3/ as "other securities." Data revised beginning June 1969. to include all bank premises subsidiaries and other significant majority-owned domestic subsidiaries* ~~ 4/ earlier data are for commercial banks only. Real estate loans decreased by $500 million on December 31, 1969, and loans to nonbank financial institutions increased by $500 million due to change 5/ in method of reporting mortgage loans held under repurchase agreements. Beginning June 1972* business loans were reduced by $400 million, nonbank financial institutions ~~ by $100 million a s the result of loan reclassifications at one large bank. increased by $300 million, and other .. loans increased TABLE 10 DATE All commercial banks 1959--Dec. 31 1960- -Dec . 31 1961--Dec . 31 1962--Dec . 28 1963- -Dec . 25 1964--Dec . 31 1965--Dec . 31 1966--Dec. 31 1967--Dec . 30 1968--Dec . 1969--Dec . 1970--Dec . 1971--Dec . 1972--Dec . 31* 54.0 55.1 54.5 56.5 58.6 60.5 63.7 65.8 63.8 64.7 72 .0 67.3 65.7 67.9 L O A N S U.S . Government M ember Bank s securities maturing 1 Reserve City Banks within one year City All Commercial New York of banks Total City C hicagc Other Country 55.6 56.5 55.7 57 .7 59.9 61.9 65.4 67.9 65.8 (63 .7) 66 .8 (69.8) 75.7 (66.2) 69.9 (65.6) 68.0 (67.7) 70.6 67 .3 65.9 65.0 67.9 67.4 69.3 75 .9 83.5 79.9 83.5 (76.3) 102 .8(86.4) 87.5 (79.6) 84.1 (83.2) 85 .4 (85.4) 58.2 60.8 58.0 61.4 62 .1 64.4 70.2 77.0 70.8 75.1 89.5 80.6 78.1 87.2 58.2 59.0 57,7 60.1 63.3 65.0 68.7 70.2 68.1 69.1 79.5 73.3 71.6 60.1 48.2 50.3 50.2 51.7 53 .8 56.0 57.9 59.2 58.2 58.2 62.8 60.2 59.2 60.1 7.4 8.7 11.2 9.5 7.5 8.0 7.3 6.1 6.4 6.1 5.0 5.7 3.9 4.1 MEMBER BANK DATA NOW AVAILABLE ONLY ON CALL DATES 1973--Jan. 31* Feb . 28* Mar. 28* Apr . 25* May 30* June 30* July 25*p Aug. 29*p Sept.26*p Oct. 31*p Nov. 28*p Dec . 26*pr 69.1 69.8 70.9 71.3 72 .3 72 .4 73.2 73.8 74.5 72.7 73.6 73.5 1974—Jan. 30*p Feb. 27*p Mar. 27*p 72.6 (72.4) 73.3 (73.1) 74.2 (73.8) (68.9) (69.7) (70.8) (71.1) (72.1) 75.7 (72.2) (72.9) (73.5) (74.3) (72.5) (73 .3) (73.3) 94.2 (92.2) 92 .3 82.2 64.0 4.0 3.5 3.4 3.2 3.2 3.1 2.7 2 .8 2.9 2 .9 3.2 3.6 3.6 3.4 n.a. * - Ratios in parentheses are those obtained by adding Euro-dollars to the deposit base .1/ Total loans (adjusted to exclude loans to banks); U.S. Government securities maturing within one year estimated on basis of Treasury survey of ownership; and total deposits (adjusted to exclude cash items in process of collection) . 2/ Beginning June 1969, total loans are reported groess of valuation reserves rather than net as previously reported. The higher loan level increased the ratio by about 1.3 percentage points for all commercial banks. 3/ Loan data revised to exclude only loans to domestic commercial banks. Previous data had also excluded loans to foreign commercial banks. r/ Revised. TABLE 11 Money Stock Measures and Deposit Turnover (Seasonally adjusted; dollar amounts in billions) M Currency plus demand - . deposits— 1 1968--December 1969-December 1970--December 1971--December 201.5 M, 2, M, plus time dep. at comm. other than, 2/ large CD' M2M3plus M deposits at nonbank thrift 3 . institutions— Components of money stock measures and related items Currency Demand Deposits Nonbank thrift institutions U.S. Gov't deposits CD's Other Total 180.9 183.5 203.9 237.9 204.2 194.4 229.2 270.9 194.7 201.7 216.1 253.9 4.9 5.3 6.5 5.5 5.0 4.9 5.8 Turnover outside N.Y. City (per cent) 235.2 382.4 392.1 425.2 473.0 577.1 593.8 641.2 726.9 43.4 46.1 49.1 52.6 182.6 23.3 10.9 25.3 33.0 1972—July August September October November December 246.6 247.9 249.5 251.3 252.6 255.7 503.7 507.8 511.9 516.6 520.1 525.5 783.3 791.1 798.8 807.2 813.9 822.4 54.6 54.9 55.3 55.8 56.3 56.9 192.0 193.0 194.2 195.6 196.3 198.7 37.9 38.7 39.8 40.2 41.9 43.4 257.1 259.9 262.4 265.3 267.5 269.9 295.0 298.6 302.1 305.5 309.4 313.3 279.6 283.2 286.9 290.6 293.8 296.9 1973--January February March April May June July August September October November December 256.7 257.9 258.1 259.4 262.4 265.5 266.4 270.4 529.6 532.3 534.6 538.3 543.6 549.4 552.0 554.9 556.6 561.6 566.7 570.7 830.4 836.7 841.7 847.7 855.0 863.5 867.9 870.9 873.2 879.8 886.9 893.2 57.1 57.5 58.0 58.6 58.9 59.4 59.5 59.8 60.2 60.4 60.9 61.6 199.6 200.4 200.1 200.8 203.4 206.2 207.0 206.4 205.2 206.1 207.9 208.8 44.7 49*1 54.6 58.4 61.3 62.0 63.9 66.3 66.7 63.8 62.0 62.8 272.8 274.4 276.6 278.9 281.3 283.8 285.6 288.7 291.2 295.1 297.8 300.3 317.6 323.5 331.1 337.3 342.6 345.8 349.4 355.0 357.9 358.9 359.9 363.1 300.8 304.4 307.0 309.4 311.4 314.2 315.9 315.9 316.6 318.3 320.2 322.6 5.8 4.9 269.6 272.5 274.8 573.7 580.1 584.1 898.3 906.8 913.2 61.8 62.6 207.8 65.5 369.6 374.2 377.0 324.7 326.7 329.1 3.0 3.7 77.3 79.3 n.a. 275.7 274.8 274.4 274.3 584.7 583.9 583.9 583.9 n.a. n.a. n.a. n.a. 374.9 375.9 376.6 378.4 n.a, n.a, n. a, n.a, 4.2 3.0 3.9 3.6 n.a. n.a. n.a. n.a. 1974--January February March 208.6 221.2 266.2 265.4 266.5 268.8 158.1 162.5 172.2 . 63.2 210.0 211.6 67.7 304.1 307.6 309.3 63.0 63.2 63.2 63.3 212.7 211,6 211.3 211.0 65.9 66.8 67.1 68.8 308.9 309.1 309.5 309.6 66.6 6.1 6.8 6.1 6.7 6.1 7.6 7.1 5.2 5.3 3.9 4.8 5.0 6.0 6.2 45.3 50.0 52.9 57.3 57.1 60.2 60.1 59.2 62.1 61.8 64.2 66.1 67.8 66.2 67.4 68.7 71.3 73.6 72.4 74.7 77.1 75.8 Week ending: 1974—Mar. 1/ Included (1) demand deposlts^at all commercial banks other than those due to domestic commercial banks and the U.S. Government, less cash items In the D r o c e s s " ^ " collection and F.R. float; (2) foreign demand balances at F.R. Banks; and (3) currency outside the Treasury, F.R. Banks and vaults of all commercial banks — Includes in addition to currency and demand deposits, savings deposits, time deposits open account, and time certificates of deposits other than negotiable time certificates of deposit issued in denomination of $100,000 or more by large weekly reporting commercial banks. http://fraser.stlouisfed.org/ 3/ Incli^tes , plus the^verage of the beginning and end of naonth deposits of niutual savings b&tfcs and savings aiui loan shares. Federal Reserve Bank of St. Louis TABLE 12-A Liquid Asset Holdings of Private Domestic Nonfinancial Investors* (Seasonally adjusted monthly averages; amounts in billions of dollars, ratios in per cent) Currency and deposits Other liquid assets Time Depojjits Period Total liquid assets 1 Total 2 Currency Demand deposits 3 4 Commercial banks 5 Thrift institutions 6 Total 7 Negotiable CD's 8 Commercial paper 9 U.S. shortterm marketable Treasury securities Savings bonds 10 11 1965—December 1966—December 1967—December 1968--December 1969--December 1970—December 1971--December 563.0 593.6 643.3 704.4 737.3 785.1 867.1 451.6 474.3 521.0 564.8 583.3 632.8 720.1 36.3 38.3 40.4 43.4 46.1 49.1 52.6 119.6 121.7 130.0 140.0 144.5 153.1 161.7 125.3 137.0 156.4 174.5 177.3 199.2 233.8 170.4 177.3 194.2 206.9 215.4 231.4 272.0 111.3 119.3 122.4 139.5 154.1 152.4 147.0 14.9 14.5 19.1 22.4 9.0 23.0 29.7 8.4 10.8 12.8 18.9 29.1 24.7 23.9 38.4 43.9 39.5 46.8 64.9 53.3 39.6 49.5 50.1 51.0 51.4 51.1 51.3 53.7 1972—July August September October November December 930.6 938.2 945.8 955.9 965.5 977.4 776.0 783.5 790.7 799.6 805,8 814.7 54.6 54.9 55.3 55.8 56.3 56.9 169.4 170.0 170.4 172.0 172.1 175.0 252.4 255.1 257.5 260.3 262.4 264.8 299.6 303.4 307.5 311.5 315.0 318.1 154.6 154.7 155,1 156.3 159.7 162.8 34.8 35.6 36.6 36.8 38.2 39.3 27.1 26.7 26.1 26.0 26.8 27.3 37.1 36.6 36.3 37.1 38.1 39.1 55.6 55.8 56.1 56.4 56.7 57.0 1973—January February March April May June July August September October November December 987.0 995.9 1008.2 1020.0 1032.4 1043.5 1051.7 1060.9 1067.5 1072.6 1080.0 1089.5 822.9 829.0 834.3 839.9 846.9 855.7 859.9 862.2 865.0 871.0 877.4 883.3 57.1 57.5 58.0 58.6 58.9 59.4 59.5 59.8 60.2 60.4 60.9 61.6 175.4 175.7 175.4 175.6 177.7 180.2 180.7 179.7 178.6 178.9 180.3 180.6 267.7 269.2 271.4 273.4 275.7 278.3 280.0 283.1 285.6 289.3 291.8 294.1 322.7 326.6 329,5 332.3 334.6 337.8 339.7 339.7 340.5 342.4 344.5 347.0 164.1 166.9 174.0 180.2 185.5 187.8 191.8 198.7 202.5 201.6 202.5 206.2 40.3 44.3 49.6 53.3 56.0 56.4 58.4 60.8 61.1 58.0 56.3 57.2 27.4 26.9 26.2 26.1 26.4 27.3 28.5 30.2 32.0 33.4 34.4 35.3 39.2 38.1 40.3 42.6 44.6 45.4 45.9 48.4 50.1 50.8 52.2 53.8 57.3 57.6 57.9 58.2 58.5 58.8 59.0 59.2 59.4 59.5 59.7 59.9 1974—January February March 1095.8 1103.0 1110.9 888.0 896.2 902.7 61.8 62.6 63.2 179.0 180.9 182.4 297.7 301.0 302.9 349.4 351.7 354.2 207.8 206.8 208.1 59.9 61.1 62.3 35.9 35.8 35.6 52.0 49.7 49.9 59.9 60.1 60.4 For description of items, and computation of ratios see Table 14-C. TABLE 12-B Period Currency and demand deposits to liquid assets 12 Bank liability to liquid assets 13 Time deposits at thrift institutions to liquid assets 14 Liquid assets to GNP 15 Currency and demand deposits to GNP 16 22.2 21.2 20.8 1965—Dec. 1966—Dec. 1967—Dec, 1968—Dec. 1969—Dec. 1970—Dec. 1971—Dec. 1972—Dec. 1973—Dec. 27.7 27.0 26.5 26.0 25.8 25.7 24.7 23.7 22.3 46.2 46.0 47,5 47.8 44.9 47.8 49.0 49.0 48.8 30.3 29.9 30.2 29.4 29.2 29.5 31.4 32.5 31.9 1973—March June September December 23.1 23.0 22.4 22.3 29.2 49.3 49.2 48.8 32.7 32.4 31.9 31.9 81.1 81.3 81.0 18.6 18.4 18.1 1972— July Aug. Sept. Oct. Nov. Dec. 24.1 24.0 23.9 23.8 23.7 23.7 49.1 49.1 49.1 49.1 49.0 49.0 32.2 32.3 32.5 32.6 32.6 32.5 n.a. n.a. n.a. n*a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. 1973—Jan. Feb. Mar. Apr. May June July Aug. Sept. Oct. Nov. Dec. 23.6 23.4 23.1 23.0 22.9 23.0 49.0 49.1 49.2 49.2 49.3 49.3 49.4 49.4 49.2 49.1 48.9 48.8 32.7 32.8 32.7 32.6 32.4 32.4 32.3 32.0 31.9 31.9 31.9 31.9 n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. 49.0 49.2 49.3 31.9 31.9 31.9 n.a. n.a. n.a. n.a. n.a. n.a. 1974—Jan. Feb. Mar. 22.8 22.6 22.4 22.3 22.3 22.2 22.0 22.1 22.1 79.0 77.6 78.0 78.1 78.0 77.9 78.9 80.1 80.9 80.2 20.5 20.3 20.2 19.9 19.3 18.4 18.8 TABLE 12-C Liquid Asset Holdings Sum of columns 2 and 7 . Sum of columns 3, 4, 5, and 6. Money stock components after deducting foreign holdings and holdings by domestic financial institutions . The three columns add to M- held by domestic nonfinancial sectors. Deposits at nonbank thrift institutions, as published in money stock statistics, plus monthly-average deposits at credit unions. Sum of columns 8, 9, 10, and 11. Negotiable certificates of deposits over $100,000 at weekly reporting banks, except foreign holdings . Commercial paper held outside banks and other financial institutions . Short-term marketable U.S. Government securities excluding official, foreign, and financial institution holdings. All issues due in one year or less, including bonds and notes, plus a sliding proportion of issues due in 13 to 24 months. Series E and H savings bonds held by individuals . Sum of columns 3 and 4 to column 1. Column 6 to column 1. Column 1 to GNP. Annual averages are based on 12-month averages of column 1 and annual GNP. Quarterly averages are based on 3-month averages of column 1 and quarterly GNP. Sum of columns 3 and 4 to GNP. Annual averages are based on 12-month average of columns 3 and 4 and annual GNP. Quarterly averages are based on 3-month average of columns 3 and 4 quarterly GNP.
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