The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
August 1975 L.4.3. Not For Publication BANKING AND MONETARY DEVELOPMENTS July 1975 FEDERAL RESERVE BANK of KANSAS CITY SEP 3 L / j — Research Library — Banking Section Division of Research and Statistics Board of Governors of the Federal Reserve System Table 1 Changes in Commercial Bank Credit, Mpney Stock and Time Deposits 1973 Year Total bank credit —^ 13.3 U.S. Gov't securities -14.7 Seasonally adjusted annual rates (per cent) 1974 1975 2nd 1st ' 2nd 1st Qtr P Qtr. p M a v P Year half half p JiineP .T,,1yP 3.3 3.4 r4.4 2.4 3.6 .9 5.7 r -7.6 r-27.0 r99.2 r 81.1 97.4 80,0 73.3 16.4 9.2 Other securities 11.6 7.9 5.9 1.7 -1.4 4.9 5.2 12.0 8.5 Loans 18.4 11.5 6.1 -5.5 r-l.4 -9.6 <-6.8 -12.5 3.2 Business loans 20.1 17.6 9.8 -8.0 -4.8 -10.6 -11.3 • -19.5 4.8 Real estate loans 20.0 10.4 6.7 2.6 3.7 1.5 .9 .9 .9' Consumer loans 14.9 3.5 1.9 -6.7 -6.7 -6.8 —8.8 -4.4 n.a. 1/ Adjusted for loans sold to selected affiliates 13.5 9.2 3.1 3.4 r4.3 2.3 3.8 ;9 5.3 Loans 18.7 rll.5 r5.8 -5.5 r-l.5 -9.5 -6.5 -12k4 2.7 Business loans 20.5 17.4 9.5 -7.7 -4.5 -10.9 -9.9 —18.6 4.0 6.1 4.8 3.1 6.8 2.4 11.0 10.9 17.8 2.0 Total time deposits 16.2 15.1 10.5 8.5 10.1 6.8 3.9 11.6 5.8 Time other than CD's 11.4 9.4 7.6 14.7 13.6 15.3 15.0 19.7 13.2 CD's (dollar change in billions) 19.9 26.5 9.0 -6.2 -.5 -5.7 -2.9 -1.4 -3.0 Total bank credit If Money stock - 1/ Adjusted to exclude domestic interbank loans, n.a. - Not available. Table 2 Loans and Investments at All Commerical Banks (Seasonally Adjusted) Total!/ Date Loans!/ Other securities U.S. Gov't, securities (In billions o : dollars) 291.7 57.9 320.3 60.1 377.8 61.9 447.3 52.8 85.9 104.4 116.7 130.2 1970—Dec. 1971—Dec. 1972—Dec. 1973—Dec. 31 31 31 31 435.5 484.8 556.4 630.3 1974—Jan. Feb. Mar. Apr. May June July Aug. Sept. Oct. Nov. Dec. 30 27 27 24 29 30 31 28 25 30 27 31 638.9 647.4 657.5 666.9 673.4 677.5 687.5 693.9 689.9 690.8 692.5 687.1 452.9 458.3 468.2 476.3 481.4 484.5 494.8 501.5 500.2 502.0 503.8 r498.2 54.5 56.4 56.4 57.1 57.2 56.4 55.9 55.3 52.3 49.8 49.1 48.8 131.5 132.7 132.9 133.5 134.8 136.6 136.8 137.1 137.4 139.0 139.6" 140.1 1975—Jan. Feb. Mar. Apr. May June July 29 26 26 30 28 30 30 689.3 691.0 694.7 696.2 698.3 698.8 702.1 500.7 497.6 496.4 492.4 489.6 484.5 485.8 48.8 53.3 58.7 64.5 68.8 73.0 74.0 139.8 140.1 139.6 139.3 r2/ 3/ p p p p p p p 139.9 141.3 142.3 p - Preliminary. Adjusted to exclude domestic commercial interbank loans. Beginning June 30, 1974, data revised to include one large mutual savings bank which merged with a nonmember commercial bank. Total loans and investments were increased by about $600 million of which $500 million were in loans and $100 million in "other securities." 3/ Beginning October 31, 1974, as the result of the liquidation of one large bank total loans were reduced by $1.0 billion; business loans by $0.6 billion; real estate loans by $0.2 billion; nonbank financial loans by $0.2 billion; and "other securities" by $0.5 billion. However, business loans were increased and real estate loans were reduced by $0.1 billion as the result of loan classifications at one large 1/ 2/ http://fraser.stlouisfed.org/ m l d e r n b a n k • •Reserve Bank WLouis Federal of St. '*e — « • • « ' . _ ' * . Table 3 LOANS SOLD OUTRIGHT BY COMMERCIAL BANKS AND BANK CREDIT ADJUSTED FOR SELECTED LOAN SALES Date 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 Loans Loans Total Total Loans Total 1971—Dec. 1972—Dec. 1973—Dec* , 1974—Dec 29 26 26 30 28 30 30 2.8 2.6 2.0 2.0 1.6 320.3 377.8 447.3 r498.2 323.1 380.4 451.6 r503.0 115.9 129.7 155.8 182.6 117.5 131.4 158.4 185.3 689.3 691.0 694.7 696.2 698.3 698.8 Z02.1 693.9 695.5 699.4 700.8 703.0 703.5 706.6 500.7 497.6 496.4 492.4 489.6 484.5 485.8 505.3 502.1 501.1 497.0 494.3 489.2 490.3 183.9 182.1 180.4 179.8 178.2 175.3 176.0 186.6 184.8 183.2 182.5 181.0 178.2 178.8 4.3 4.8 2.6 2.7 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. 4.6 4.5 4.7 4.6 4.7 4.7 4.5 2.7 2.7 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. 2.8 2.7 2.8 2.9 2.8 Business loans Original Adjusted 4/ 487.6 559.0 634.6 691.9 2.9 n.a. 6.1 Total loans Adjusted 3/ Original 484.8 556.4 630.3 687.1 n.a. 1.7 Total loans and investments Adjusted 3/ O'riginial 1.8 1.8 0.4 0.3 0.3 n.a. 4.5 4.4 Commercial bank credit (seasonally adjusted) 1.7 1 1/ To bank holding companies, affiliates, subsidiaries, and foreign branches. Beginning August 28, 1974, loans sold outright to selected bank affiliates reflect a newly issued definition of the group of affiliates included as well as a somewhat different group of reporting banks. To other than banks' and bank-related affiliates or subsidiaries. Includes all loans sold to bank holding companies, affiliates, subsidiaries, or foreign branches. Includes business loans sold to bank holding companies, affiliates, subsidiaries, or foreign branches. Beginning June 30, 1974, data revised to include one large mutual savings bank which merged with a nonmember commercial bank. Total loans and investments were increased by about $600 million of which $500 million were in loans and $100 million in "other securities." 6/ Beginning October 31, 1974, as the result of the liquidation of one large bank, total loans were reduced by $1.0 billion; business loans by $0.6 billion; real estate loans by $0.2 billion; nonbank financial loans by $0.2 billion; and "other securities" by $0.5 billion. However, business loans were increased and real estate loans were reduced by $0.1 billion as the result of loan reclassifications at one large mideastern bank. p - Preliminary. r-revised I Table 4 Loans at all Commercial Banks Seasonally Ajus ted - Business Date Real Estate (I n Consumer b i 1 l i o n s Security o f d o l l Honbank Financial Agriculture a r s) 1971—Dec. 1972—Dec. 1973—Dec. 31 31 31 115.9 129.7 155.8 81.4 98.1 117.7 60.2 70.4 80.9 10.8 14.7 12.2 15.5 21.5 28.0 12.8 14.6 17.7 1974—June July Aug, Sept. Oct. Nov. Dec, 30 31 28 25 30 27 2/ 31 174.6 178.0 181,0 181.4 183.2 184.3 182.6 126.3 127.2 128.0 128.6 129.1 129.5 130.2 82.9 83.6 84.2 84.4 84.5 84.2 83.7 12.0 14.1 14.9 12.1 12.2 12.1 11.4 31.4 33.5 35.0 34.5 34.5 35.0 32.3 18.1 18.1 18.2 18.3 18.3 18.5 18.6 1975—Jan. Feb. Mar. Apr. MayJune July 29 26 26 30 28 30 30 183.9 182.1 180.4 179,8 178.2 175.3 176.0 130,8 131.1 131.4 131.7 131.8 131.9 132.0 83.6 83.3 82.3 81.8 81.2 80; 9 n.a. 11.6 11.0 12.2 10,6 11.5 12.2 11.3 34.0 33.6 32.8 30.9 32.6 30.3 30.7 18.6 18.4 18.5 18.7 18.5 18.7 18.9 p p p p p P p I p - Preliminary n.a. - Not available. 1/ Beginning June 30, 1974, data revised to include one large mutual savings banks which converted to a nonmember commercial bank# Total loans and investments were increased by about $600 million of which $500 million were in loans and $100 million in "other securities11. 2/ Beginning October 31, 1974, as the result of the liquidation of one large bank, total loans were reduced by $1.0 billion; business loans by $0.6 billion; real estate loans by $0.2 billion; nonbank financial loans by $0.2 billion; and "other securities" by $0.5 billion. However, business loans were increased and real estate loans were reduced $0.1 billion as the result of loan reclassifications at one large mideastern bank. Table 5 Changes in Loans and Investments at All Commercial Banks, Seasonally Adjusted (In billions of dollars) 1975 1Q7A Item Aug, Sept. Oct. Nov. Dec. July p Jan. p Feb. p Mar. p Apr. p May p June p +2.2 +1.7 +3.7 +1.5 +2.1 +.5 +3.3 +4.5 +5.4 +5.8 +4.3 +4.2 +1.0 June July +3.5 +10.0 +6.4 -4.0 +.9 +3.2 —. 8 -.5 —. 6 -3.0 -2.5 -.7 Other securities +1.7 +.2 +.3 +.3 +1.6 +1.1 +.5 -.3 +.3 -.5 -.3 +. 6 +1.4 +1.0 Loans 2/ +2.6 +10.3 +6.7 -1.3 +1.8 +2.8 r -5.6 r +2.5 -3.1 -1.2 -4.0 -2.8 -5.1 +1.3 Business +1.7 +3.4 +3.0 +.4 +1.8 +1.6 -1.7 +1.3 -1.8 -1.7 —. 6 —1.6 -2.9 +.7 Real estate +1.2 +.9 +.8 +. 6 +.5 +.7 +.7 +. 6 +.3 +.3 +.3 +. 1 +,1 +.1 Consumer +.3 +.7 +. 6 +.2 +.1 -.3 -.5 -.1 -.3 -1.0 -.5 -0.6 -0.3 n.a. Security +. 6 +2.1 +.8 -2.8 +.1 -.1 -.7 +.2 —. 6 +1.2 -1.6 +.9 +.7 -.9 -1.8 +2.1 +1.5 -.5 1/ + .7 —2.7 +1.7 -.4 -.8 -1.9 +1.7 -2.3 +.4 Agriculture +.2 1/ +.1 +. 1 1/ +.2 +.1 V -.2 +.1 +.2 -.2 +.2 +.2 All other +.4 +1.1 -.1 +. 7 -.7 V -.8 r -1.2 -.1 +.7 +.1 -3.1 —. 6 n.a. Loans and Investments 2/ U. S. Gov't, securities Nonbank financial 1/ Less than $50 million, n.a. - Not Available. 2/ Adjusted to exclude interbank loans, p - Preliminary. -5.4 r r -.3 rl/ Table 5A Changes in Loans and Investments at All Commercial Banks, Seasonally Adjusted Adjusted for Loans Sold to Affiliates (In billions of dollars) 197? Item 1975 Mayp +1.4 +2.2 +.5 +3.1 +5.4 +5.8 +4.3 +4.2 +1.0 + .3 -.5 -.3 +. 6 +1.4 +1.0 r+2.3 -3.2 -1.0 -4.1 -2.7 -5.1 +1.1 +1.3 -1.8 -1.6 -.7 -1.5 -2.8 +. 6 Mar.p +2.0 +1.6 +3.9 r -.3 r 1/ +4.5 +1.1 +.5 -.3 +1.7 +2.5 r-5.7 +1.8 +1.5 -1.7 July Aug. Sept. Oct. Nov. Dec. Jan.p +3.2 +10.0 +6.4 -4.0 +.8 +2.9 -5.5 — .8 -.5 — .6 -3.0 -2.5 -.7 Other securities +1.7 +.2 +.3 +.3 +1.6 Loans 2/ +2.3 +10.3 +6.7 —1.3 +1.5 +3.4 +3.1 +.3 Loans and Investments 2/ U. S. Gov't, securities Business 1 1/ Less than $50 million. 2/ Adjusted to exclude interbank loans. p - Preliminary. June p July p Apr .p Feb.p June j Table 6 Changes in Loans and Investments at All Commercial Banks, at Weekly Reporting Banks, and at Other Banks, Not Seasonally Adjusted Adjusted for Loans Sold End of June to last Wednesday of July Item 1975 P 1974 1973 1972 1971 1970 1969 -4.1 +1.6 +3.2 -1.4 +0.6 +2.4 +0.4 -0.7 -1.8 -1.0 +0.8 -2.0 40.5 +1.9 40.1 +2.6 -2.6 40.7 -1.1 -3.1 -0.6 -1.0 M -1.6 -2.3 -1.2 +0.1 -3.5 -0.3 +1.1 -0.2 40.6 -2.6 40.4 -0.7 -3.0 +1.1 +0.3 +0.1 +1.5 40.5 +0.3 40.7 +1.5 +0.8 40.9 +0.3 +2.0 1/. 40.3 -0.4 -0.1 All commercial banks 2/ Total loans U. S. Gov't, securities Other securities Total ifs +5.4 +0.1 -0,7 +4.8 All Large Banks 2/3/ Total loans U. S. Gov't, securities Other securities Total -3.7 -0.2 40r3 -3.7 +4.4 -0.3 -0.6 +3.5 +1.2 -2.0 +0.6 -0.2 Other banks 2/3/ Total loans U. S. Gov't, securities Other securities Total -0.2 +1.8 -0.3 +1.3 +1.0 +0.5 -0.2 +1.3 +2.0 +0.6 +2.6 Jd-0.3 End of December to end of Ju! v Item 1975p 1974 1973 1972 1971 1970 1969 +21.5 -5.4 +6.8 +22.9 +7.2 -2.5 +11.3 +16.0 +3.1 -1.2 +4.3 4-6.2 +11.9 -9.9 -1.1 -3.3 +5.0 40.7 40.1 -0.5 +2.1 +1.7 +5.6 -6.0 -2.2 -2.6 +8.3 40.8 +6.3 +15.4 +3.0 -0.7 +2.2 +4.5 +6.3 -3.9 +2.1 +4.4 All commercial banks 2J Total loans U. S. Gov't, securities Other securities Total -23.1 +15.9 +1,9 -5.3 +39.3 -6.0 +6.3 +39.6 +43.5 -10.6 +4.6 +37.5 All Large Banks 2/3/ Total loans U. S. Gov't, securities Other securities Total -22.8 +8.2 -2.1 -16.8 +25.2 -4.9 40.8 +21.1 +25.5 -7.6 -0.1 +17.8 Other banks 2/3/ Total loans U . S . Gov't, securities Other securities Total 1/ +7.8 +4.1 +11.8 +14.6 -1.2 +5.6 +19.0 +18.0 -3.0 +4.7 +19.7 1/ 27 +9.0 -3 . 8 +1.3 +6.5 +12.5 -1.6 +5.6 +16.5 M- +1.9 Less than $50 million. 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 1967-75. NOTE: Data exclude all 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. Allowance has been made in monthly changes for all loan and security reclassifications. For description of reclassifications , see Tables 3 and 8. Table 7 Changes in Commercial and Industrial Loans at Large Commercial Banks (In millions of dollars) Late June to late July 1/ Late December to late July 2 / 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 Communication Other public utilities Construction A l l other types of business Bankers acceptances Services Other Foreign business concerns Classified Unclassified Total Change 1/ 2J 1971 1972 1973 1974 1975p 1971 1972 1973 1974 1975 +16 -10 -76 -119 +43 -435 -171 -132 -73 -59 +75 +97 +11 +142 +159 -17 -314 -85 -81 -125 -23 +105 +284 +16 +293 +178 +115 +264 -39 +209 +87 +7 +151 +88 -78 +240 +92 +148 +198 +1 -16 +90 +123 -12 -232 +21 -173 -164 -9 -606 -35 -357 +17 -231 +20 -634 -204 +638 +322 +316 -227 +4 -112 -254 +135 +403 -104 -458 +738 +637 +101 -452 -23 —88 -359 +18 +755 +365 -499 +2326 +1590 +736 +2255 -33 +1660 +95 +533 +880 -65 -367 +2260 +1372 +888 +3187 +80 +1695 +790 +622 +893 -1813 -951 -1589 -517 -1072 -2302 -11 -1609 -297 -385 -256 -14 -16 +25 -37 -56 +142 -93 +22 +213 -147 +33 -128 -7 +168 +4 -496 -354 -850 -24 -214 -27 +15 445 +224 -171 +159 +236 +45 +100 -96 -111 +307 +63 +268 +85 +353 +62 -56 491 +57 +118 +428 +110 +55 +263 +124 +655 +24 +142 +489 +15 +2502 +119 +2621 +549 +75 +183 +30 +191 +584 -79 -82 +745 +88 -39 -227 +86 +102 +173 +2270 +261 +2531 460 -285 -71 -4 +203 -166 -54 -17 -95 +12 +24 +55 -111 +80 +349 -848 -426 -1274 -340 -30 +280 -57 -243 -340 -331 +100 -109 +290 -229 -652 +168 +255 +426 -267 +245. -216 -285 +312 -78 -85 +36 -267 +157 +146 +633 +139 -913 +554 +498 +201 +1136 +1155+2291 +276 +605 +975 +361 +379 +1720 +434 +237 +1049 +980 +3179 -102 +1225 +2056 +630 H4432 +1587 1-16,019 +576 +739 +1073 +370 +441 +1754 -16 +154 +1616 +752 +1485 +221 +548 +716 +765 H3863 +273 -532 -782 -271 +35 -2138 -314 -302 -1522 -284 -798 +637 -1242 -193 +650 -10758 -.227 -11035 -22 +1233 H5096 Five most comparable weeks used throughout. Changes are compiled from January 6, 1971; January 5, 1972; January 3, 1973; January 2, 1974; and December 31, 1974. These data cannot be linked with all commercial b a n k data which are always for December 31. TABLE 8 Loans and Investments at All Commercial Banks (In billions of dollars) (Not seasonally adjusted) Loans and investments Date U.S. Gov't. Other securities Total loans Business Consumer Nonbank financial institutions All other 10.9 13.3 13.3 12.5 13.7 15.iA/ 15.9 16.9 23.4 15.7 16.8 15.3 16.9 19.3 20.6 21.2 25.3 30.3 8.62/ 9.3 9.7 10.3 11.2 12.5 14.3 99.6 100.9 102.5 104.1 106.1 108.2 109.9 111.9 113.8 115.4 116.8 118.0 14.9 14.4 13.6 13.4 13.6 13.4 12.1 12.8 12.2 12.4 12.4 14.6 14.6 14.8 15.0 15.3 15.7 16.0 16.3 16.5 16.7 16.9 17.1 17.3 71.0 71.6 72.5 73.7 75.1 76.5 77.5 79.0 79.5 80.3 80.8 81.2 22.2 23.3 24.5 24.8 26.0 27.7 27.6 28.2 28.8 28.0 27.7 30.5 29.2 31.0 31.9 32.6 33.7 34.4 34.3 34.8 35.3 35.0 35.0 37.3 156.2 157.9 164.9 170.2 172.3 177.2 178.4 179.4 181.5 182.0 183.2 186.8 118.8 119.5 120.8 122.5 124.1 126.2 127.2 128.3 129.2 129.9 130.1 130.6 11.2 12.6 11.6 10.7 11.2 12.2 13.7 14.4 12.2 12.0 11.7 13.6 17.3 17.5 17.7 17.9 18.1 18.4 18.5 18.6 18.5 18.3 18.3 18.2 81.0 80.9 80.9 81.8 82.5 83.4 84.1 85.0 85.1 84.9 84.4 84.0 28.7 28.7 29.7 30.9 32.2 33.6 34.4 34.3 34.4 33.9 34.0 35.2 35.7 35.6 37.4 39.0 39.9 40.8 40.9 40.6 40.3 39.7 40.3 r 42.1 181.7 180.3 180.0 180.4 177.8 177.9 175.9 130.7 130.6 130.6 131.0 131.3 131.8 132.0 11.5 10.8 11.9 10.2 11.3 12.4 11.0 18.1 18.1 18.3 18.6 18.7 19.1 19.3 83.0 82.2 81.2 81.2 81.1 81.4 32.7 32.1 31.7 31.7 31.5 32.4 31.2 38.2 37.4 36.6 37.5 36.7 36.8 279.2 307.6 324.0l/ 360.8 400.4 412.1 446.8 497.9 571.4 63.0 59.5 56.2 62.5 64.5 54.7 61.7 64.9 67.0 38.8 44.9 48.8^/ 61.5 71.5 71.3 86.1 104.7 117.1 177.4 203.2 219.0l/ 2J 236.8 264.4 286.1 299.0 328.3 387.3 60.2 71.4 80.6 88.4 98.4 108.4 112.5 118.5 132.7 1973—Jan. Feb. Mar. Apr. May June July Aug. Sept. Oct. Nov. Dec. 31 28 28 25 30 30 25 29 26 31 23 31 565.6 571.1 580.6 587.3 594.8 605.6 607.4 613.4 619.9 624.0 628.2 647.3 65.6 61.6 61.2 60.4 58.3 57.9 56.5 54.9 55.1 56.0 57.8 58.3 116.5 116.8 117.7 118.6 119.9 121.1 121.7 123.3 124.8 127.0 126.5 130.6 383.5 392.6 401.7 408.3 416.6 426.6 429.3 435.2 440.1 440.9 443.9 458.5 132.0 136.6 141.7 144.4 146.4 150.4 151.6 152.0 153.8 152.9 154.1 159.4 1974—Jan. Feb. Mar. Apr. May June July Aug. Sept. Oct. Nov. Dec. 638.4 30 642.1 27 654.0 27 664.2 24 29 , 669.8 30i/ 681.6 686.3 31 689.4 28 689.5 25 30) , 689.5 111! 692.2 r705.6 31 58.8 57.7 57.5 56.4 54.1 52.1 52.2 52.0 50.7 50.7 52.1 54.5 130.7 131.7 133.5 134.7 135.5 137.6 136.9 136.8 137.6 138.1 138.1 140.5 448.9 452.7 463.0 473.0 480.3 491.8 497.2 500.6 501.2 500.7 502.0 510.7 1975—Jan. Feb. Mar. Apr. May June July 29 26 26 30 28 30 30 688.3 685.3 690.2 695.2 694.7 703.0 700.6 53.6 55.7 59.6 63.7 65.6 68.8 70.4 138.9 139.1 140.3 140.9 140.6 142.4 142.4 495.9 491.5 490.3 490.6 488.4 491.8 487.9 Consumer "and Farm 31.0 35.7 38.3 40.6 46.3 51.0 53.6 60.5 70.6 31 31 31 30 31 , 311/ 31 31 311/ Data e x c l u d - e d o ^ e ^ c T a ^ b a p k loans. Security 8.4 8.5 9.0 10.5 11.8 10.7 12.1 12.9 17.6 1964—Dec. 1965—Dec. 1966—Dec. 1967—Dec. 1968—Dec. 1969—Dec. 1970—Dec. 1971—Dec. 1972—Dec. p p p p p p p Real estate 43.7 49.3 53.9 58.5 65.1 70.0i/ 72.5 81.6 98.4 were partly estimated for all dates. 7.5 n.a. n.a. Other data are partly estimated on all but June and S f f l B a S M E E r 1 „ ......— ««. — •—"•—• --•> — NOTE: 5/ real estate loans reduced by $0.1 billion as the result of loan reclassifications at one large mideastern bank. — TABLE W * Ratios of Total Deposits L 0 A N S B a n k s M e m b e r Reserve City Banks —, i City All of > New York commercial C hicagc Other Country City Total bianks D A T E 1959--Dec. 1960--Dec. 1961—Dec. 1962--Dec. 1963--Dec . 1964--Dec . 1965—Dec . 1966--Dec. 1967--Dec . 1968--Dec . 1969--Dec . 1970--Dec . 1971--Dec . 1972--Dec . 1973—Dec. 31 31 31 28 25 31 31 31 30 31* 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 72.0 (63.7) (69.8) (66.2) (65.6) (67.7) (71.8) 55.6 56.5 55.7 57 .7 59.9 61.9 65.4 67 .9 65.8 66.8 75.7 69.9 68.0 70.6 75.3 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) 87.7 (86.4) 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 93.7 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 77.3 81.7 48.2 . 50.3 i 50.2 j 51.7 53.8 . 56.0 57.9 59.2 58.2 58.2 62 .8 60.2 59.2 60.1 53.9 MEMBER BANK DATA NOW AVAILABLE ONLY ON CALL DATES 1974—June 30* July 31* Aug. 28* Sept.25* Oct. 30* Nov. 27* Dec. 31* 1 9 7 5 — J a n . 29*P Feb. 26*p Mar. 26*p Apr. 30*p May 28*p June 25*p July 30*p 74.7 75.9 76.5 76.2 75.6 75.4 r 72.9 74.1 73.6 72.5 71.9 71.6 71. 9 71.2 (74.3) 78.4 (75.5) (76.1) (75.9) (75.4) (75.1) (72.9)' 76.0 89.4 (87.4) 101.1 85.4 66.0 91.5 81.9 r64.6 87.4 (85.8) (73.8) (73.4) (72.3) (71.6) <71.4) (71.7) (70.9) * - 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 gross 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. J table 10 Money Stock Measures and Deposit Turnover (Seasonally adjusted; dollar amounts in billions) Currency plus deposits!/ 1/ M*l p?us time dep. at comm. other than large CD's^/ M3 M2 plus deposits . at nonbank thrift institutions and credit union shares!^ Currency Components of money stock measures and related items NonDemand bank thrift Deposits CD's Other total institutions U.S. Gov't. deposits (all member) 1972-December 1973-December 255.8 271.5 525.7 572.2 844.9 919.6 56.9 61.6 198.9 209.9 43.9 63.8 269.9 300.7 313.8 364.5 319.1 347.4 5.6 3.9 1974-June July August September October November December 280.0 280.4 280.5 280.7 281.6 283.6 284.4 597.1 599.6 601.9 603.4 607.6 611.6 613.5 955.8 959.6 962.6 965.0 970.7 976.9 981.7 64.6 64.8 65.5 65.9 66.5 67.4 67.9 215.4 215.6 215.0 214.8 215.2 216.2 '16.5 81.3 83.6 83.8 84.8 86.2 85.5 90.3 317.1 319.2 321.5 322.7 325.9 328.0 329.1 398.4 402.8 405.2 407.5 412.1 413.6 419.4 358.7 360.0 360.7 361.7 363.2 365.3 368.2 5.3 4.2 6.2 6.3 3.7 4.6 1.9 1975-January February March April May June July p 282.2 283.5 286.1 287.1 289.7 294.0 294.5 615.5 620.3 626.4 630.4 637.3 647.3 651.8 987.0 995.6 1007.2 1017.2 1029.7 1046.3 1057.1 68.2 68.8 69.5 69.6 70.3 71.2 71.5 214.0 214.7 216.6 217.5 219.4 222.8 223.1 92.7 92.1 89.8 88.4 85.5 84.1 333.0 336.0 340.3 343.3 347.6 353.3 357.2 426.0 428.9 430.0 431.7 433.1 437.3 439.4 371.5 375.3 380.8 386.8 392.4 399.0 405.3 .7 Week ending: July 2 9 16 23 30 p 293.7 293.5 295.3 295.0 293.5 648.7 649.6 652.5 652.8 652.0 n.a. n.a. n.a. n.a. n.a. 71.0 71.6 71.4 71.5 71.6 222.7 222.0 223.9 223.5 221.9 84.2 83,6 82.9 355.0 356.1 357.2 357.8 358.5 439.2 439.7 440.1 439.5 439.0 n.a. n.a. n.a. n.a. n.a. 82.1 81.6 80.5 Turnover outside N.Y. City (per cent) .6 .7 2.1 2.1 3.8 2.5 1.3 2.9 2.9 2.5 2.0 3/ Included (1) demand deposits at all commerical banks other than those due to domestic commercial banks and the U.S. Government, less cash items in the process of 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. Includes Mg, plus the average of the beginning and end of month deposits of mutual savings banks and loans shares and credit union shares. — Average of beginning and end of month deposits at mutual savings banks, savings and loan shares, and credit union shares. 1) 61.8 75.8 79.8 82.8 86.3 83.7 84.1 87.5 86.6 83.4 85.8 82.2 82.0 83.1 80.2 n.a. n.a. n.a. n.a. n.a, n.a. Table 11-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 Dep osits Total liquid assets 1 Period Total 2 Currency 3 Demand deposits 4 Commercial banks 5 Thrift institutions 6 Total 7 Negotiable Commercial CD's paper 8 9 U.S. shortterm marketable Treasury securities 10 Savings bonds 11 1970—December 1971—December 1972—December 1973—December 786.7 868.7 980.2 1093.5 634.4 721.1 816.0 885.3 49.1 52.6 56.9 61.6 153.2 161.7 175.2 181.5 199.2 233.6 264.7 294.8 232.9 273.2 319.1 347.4 152.3 147.6 164.2 208.3 23.1 30.3 39.9 58.1 24.7 24.0 27.6 38.3 53.2 39.6 39.8 52.1 51.3 53.7 57.0 59.9 1974—January February March April May June July August September October November December 1102.3 1112.7 1121.6 1134.9 1142.3 1152.7 1159.8 1164.0 1167.8 1175.7 1179.7 1184.3 890.4 897.4 904.7 909.9 919.9 918.7 922.0 924.6 926.5 932.0 939.0 941.7 62.0 62.7 63.3 63.9 64.3 64.6 64.8 65.5 65.9 66.5 67.4 67.9 180.2 181.6 182.7 183.2 183.0 184.6 184.7 184.1 183.6 183.8 184.8 183.4 298.6 301.7 304.3 306.6 307.6 310.8 312.5 314.3 315.4 318.6 320.8 322.1 349.6 351.5 354.4 356.3 357.0 358.6 360.0 360.7 361.7 363.1 366.0 368.3 211.9 215.2 216.9 224.9 230.4 234.0 237.8 239.4 241.3 243.7 240.7 242.6 60.7 62.4 62.2 68.1 72.6 75.0 76.4 75.9 76.3 77.2 76.0 79.8 38.9 39.4 39.7 40.1 40.5 40.7 41.5 42.6 43.3 43.4 41.4 39.6 52.3 53.2 54.4 55.9 56.3 57.1 58,4 59.1 59.7 60.9 60.8 60.3 60.0 60.3 60.5 60.8 61.0 61.2 61.5 61.7 62.0 62.3 62.6 62.8 1975—January February March April May June July 1192.2 1199.9 1208.4 1218.3 1227.2 1243.5 1251.3 946.4 954.5 965.3 974.8 986.7 1003.5 1012.7 68.2 68.8 69.5 69.6 70.3 71.2 71.5 181.1 181.9 183.5 184.5 18 5.7 188.8 189.2 325.6 328.6 331.4 333.9 338.3 344.3 346.4 371.5 375.2 380.9 386.8 392.4 399.2 405.6 245.8 245.3 243.1 243.6 240.5 240.0 238.5 82.4 82.2 80.4 79.3 75.7 73.9 71.6 39.1 39.3 39.7 40.0 40.2 40.3 40.3 61.1 60.3 59.2 60.2 60.2 61.0 61.5 63.2 63.5 63.8 64.1 64.4 64.7 65.1 NOTE: For description of items, and computation of ratios see Table 11-C. e # e e e e e # e # e e e e e e e # f e e -* TABLE 11-B Period Currency and demand deposits to liquid assets;!/ 12 Bank liability to liquid assetsi' 13 Time Deposits at thrift institutions to liquid assets 14 Liquid assets to GNP 15 Currency and demand deposits to GNP 16 1970--Dec. 1971--Dec. 1972--Dec. 1973--Dec. 1974--Dec. 25.7 24.7 23.7 22.2 21.2 47.7 49.0 49.0 48.9 49.4 29. 6 31. 4 32. 6 31. 8 31. 1 77.9 78.9 79.9 80.6 82.3 20.2 19.9 19.3 18.4 17.8 1974-- Q I Q2 Q3 Q4 21.9 21.6 21.4 21.2 49.0 49.5 49.3 49.4 31. 6 31. 1 31. 0 31. 1 81.9 82.6 82.2 82.5 18.0 17.9 17.6 17.6 1975- - Q I Q2 20.9 20.9 49.3 48.9 31.,5 32.,0 84.7 85.8 17.7 17.9 1975- -Jan. Feb. Mar. Apr. May June July 20.9 20.9 20.9 20.9 20.9 20.9 20.8 49.4 49.4 49.3 49.1 48.9 48.8 48.5 31.,2 31.,3 31.,5 31..7 32..0 32..1 32 .4 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. e< TABLE 11-C Liquid Asset Holdings Column 1 Sum of columns 2 and 7. 2 Sum of columns 3, 4, 5, and 6. 3, 4, 5 Money stock components after deducting foreign holdings and holdings by domestic financial institutions. The three columns add to Mg held by domestic nonfinaneial sectors. 6 Deposits at nonbank thrift institutions, as published in money stock statistics, plus monthly-average deposits at credit unions. 7 Sum of columns 8, 9, 10, and 11. 8 Negotiable certificates of deposits over $100,000 at weekly reporting banks, except foreign holdings. 9 Commercial paper held outside banks and other financial institutions. 10 Short-term marketable U.S. Government securities excluding official, foreign, and financial institution holdings A l l issues due in one year or less, including bonds and notes, plus a sliding proportion of issues due in 13 to 24 months. 11 Series E and H savings bonds held by individuals. 12 Sum of columns 3 and 4 to column 1. 14 Column 6 to column 1, 15 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. 16 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 (BNP.
@FedFRASER