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L.4.3 Not For Publication August 19, 1974 Q r ^ y /^V a K /y l tL }/ ~Qry BANKING A N D MONETARY DEVELOPMENTS July 1974 Banking Section Division of Research and Statistics Board of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 Deposits 1972 Year Seasonally adjusted annual rates (per cent) 1973 1974 4th 1st 1st 2nd Qtr. Year May p Qtr. June p July p Qtr. Half 14.8 13.3 6.5 13.6 15.6 11.2 3.0 -14.7 -25.5 16.3 25.8 Other securities 11. 8 U. 6 17.6 8.0 Loans — ^ 18.0 18.4 7.5 Business loans 11.9 20.1 Real estate loans 20.5 Consumer loans 16.9 Total bank credit — ^ U.S. Gov 1 1. securities e 9.8 8.4 13.2 6.4 — 8.5 -35.7 6.8 9.1 9.9 13.4 15.0 17.0 12.4 10.9 7.0 22.7 5.5 23.2 22.1 23.1 21.3 14.0 20.0 20.0 15.9 12.4 12.2 12.2 13.7 10.7 7.6 14.9 10.1 4.9 5.4 4.4 2.9 4.4 4# 3 Adjusted for loans sales to bank affiliates Total bank credit — ^ 14.6 13.5 6.3 13.9 15.9 11.5 10.2 7. 8 13.1 T 1/ Loans- 17.7 18. 7 7.1 15.3 17.4 12.7 11.5 6.2 22.4 Business loans 11.8 20.5 4.6 23.2 22.2 23.0 20.9 12.3 19. 7 8.7 6.1 8.9 7.1 7.1 7.0 4.7 7.7 : .9 Total time deposits 15.7 16.0 6.1 20.1 15.6 23.6 22.6 16.1 12.9 Time other than CD's 13.5 11.4 12.6 10.6 12.5 8.5 5.8 11.5 9.1 CD's (dollar change in billions) 10.4 19.4 -3.9 20.5 4.9 15.6 5,8 2.1 2.0 Money stock 1/ Adjusted to exclude domestic interbank loans. http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis L T Table 2 Loans and Investments at All Commercial Banks (Seasonally Adjusted) Date Total V V Loans ( I n b i 1 1 i o n s U.S. Gov't. securities of Other securities d o l l a r s ) 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 31 564.7 575.4 583.6 589.6 597.7 602.0 608.8 617.4 620.2 624.2 628.4 630.3 385.8 397.2 405.8 411.1 417.4 420.3 427.5 435.9 439.1 441.1 445.5 447.3 61.8 60,6 60.4 61.0 61.0 61.6 59.8 57.9 56.4 55.1 55.0 52.8 117.1 117.6 117.4 117.5 119.3 120.1 121.5 123.6 124.7 128.0 127.9 130.2 1974—Jan. Feb. Mar. Apr. May June July 30 p 27 p 27 p 24 p 29 p 2/ 30 p r ~ 31p 638.0 645.7 654.9 663.2 668.6 673.9 681.3 452.3 457.1 466.3 473.7 478.0 481.3 490.4 54.4 56.2 56.2 56.7 56.7 57.1 55.4 131.3 132.4 132.4 132.8 133.9 135. 5 135.5 1/ Adjusted to exclude domestic commercial interbank loans« 2/ Beginning June 30, 1974, data revised to include one large mutual savings bank 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 securities." http://fraser.stlouisfed.org/ Federal Reserve Bank of • St. Louis # # e e p - Preliminary. e e • • # TABLE 3 LOANS SOLD OUTRIGHT BY COMMERCIAL BANKS AND BANK CREDIT ADJUSTED FOR SELECTED LOAN SALES Date 1970—Dec. 1971—Dec. 1972—Dec. 1973—Dec. Loans sold outright by commercial banks (outstanding in billions of dollars. N.S.A.) Sold to Sold tb Affiliates 1/ nonbank public 2/ Business Business Business Loans Total Loans Total Loans Total 4.7 4.5 4.4 6.1 2.5 2.0 2.0 2.8 2.6 1.7 1.8 1.8 438.5 487.6 559.0 629.7 291.7 320.3 377.8 444.5 294.7 323.1 380.4 448.8 115.9 129.7 156.3 1.7 0.3 0.3 0.4 0.3 0.4 0.3 608.8 624.2 628.4 630.3 612.8 622.1 624.8 628.8 632.7 634.6 427.5 435.9 439.1 444.1 445.5 447.3 431.5 440.6 443.7 445.7 449.8 451.6 151.2 153.4 153.7 153.6 155.0 155.8 0.3 638.0 642.4 452.3 0.3 0.4 0.4 0.4 0.4 0.4 645.7 654.9 663.2 650.7 659.8 668.6 674.3 679.3 686.7 457.1 466.3 473.7 478.0 481.3 490.4 456.7 462.1 471.2 479.1 483.7 486.7 495.8 157.8 158.9 164.4 168.9 171.9 173.9 176.8 2.8 4.0 4.7 4.6 4.6 4.3 4.3 2.5 2.9 2.9 2.9 2.7 2.6 1.8 1.8 1.8 1.8 1.8 4.4 5.0 4.9 5.4 5.7 5.4 5.4 2.6 1.8 2.7 1.4 1.4 1.5 6.1 6.1 1974 Jan Feb. Mar. Apr. May June July 30p 6.2 27p 6.4 27p 6.3 24p 6.9 29p 6 ]/ 7.3 30pr~ 7.0 31p 6.9 2.9 3.0 3.2 3.5 3.5 3.3 3.3 2.8 3.1 3.1 2.9 2.9 1.6 1.6 1.5 617.4 620.2 668.6 673.9 681.3 Wet Change (Billions of dollars 1973 July Aug. Sept. Oct. Nov. Dec. 30 29 26 31 28 31 30p 27p 27p 24p % 31p 0.5 0.8 0.1 0.3 0.4 0.5 0.7 0.3 0.4 0.1 -0.1 -0.2 -0.1 -0.1 5/ -0.3 5/ £ -0.1 0.1 0.2 If 0.1 5/ 0.6 0.2 -0.1 0.3 0.5 0.3 -0.3 5/ 5/ 0.3 5/ 0.1 0.4 -0.3 0.1 II 2/ 3/ 4/ 5/ 6/ 0.1 -iU 5/ 0.6 0.1 -0.1 0.3 A 5/ 110.0 (Annual rates in per cent) 5/ 0.1 I 5/ -0.4 5/ 0.1 0.1 5/ -0.1 1/ 0.1 -0.1 0.1 •0.1 5/ I ofl 13.6 17.0 5.4 1*1 8.1 3.6 14.7 14.5 17.1 15.2 9.8 8.4 13.2 14.5 18.2 20.6 21.8 23.6 25.3 8.4 5.4 8.8 5.2 7-7 5.5 7.4 3.6 12.0 14.7 15.0 13.4 12.7 24.2 19.0 10.9 7.0 22.7 4.8 16.8 16.0 10.2 7.8 13.1 1 24.3 17.5 2.3 - .8 11.0 10.9 13.6 14.2 23.6 15.4 8.4 41.5 32.8 21.3 14.0 4.8 20.1 11.5 6.2 22.4 To bank holding companies affiliates, subsidiaries or foreign branches. 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. Less than $50 million. Beginning June 30, 1974 data revised to include one large mutual savings bank which converted to a nonmember commercial bank. Total loans and investments were increased by about $600 million of which $500 million were in loans http://fraser.stlouisfed.org/ and $100 million in "other securities!1. Federal Reserve Bank of St. Louis Business loans Original Adjusted 4/ 435.5 484.8 556.4 625.4 2.6 3.2 3.3 3.2 3.1 2.9 Total loans Original Adjusted 3/ 0.4 0.4 0.3 0.3 4.3 25 29 26 31 28 31 Total loans and investments O'riginial Adjusted 3/ 1.7 1.7 2.9 1973 July Aug. Sept. Oct. Nov. Dec. 5.7 6.5 6.4 6.4 2.1 1.6 3.0 Commercial bank credit (seasonally adjusted) 6.2 20.0 TABLE 4 NONDEPOSIT SOURCES OF FUNDS AND METHODS OF FINANCE (Outstandings in billions of dollars) Total Total Euro-dollars Through branches outside U.S. Territories Foreign and possessions Through brokers and 1/ dealers 1969 May Dec. 28 31 12.7 19.6 10.9 14.5 9.9 12.8 0.6 0.8 o.iiy 1970 June Dec. 24 30 21.5 11.7 13.1 8.6 12.2 7.7 0.6 0.8 0.2 1971 Dec. 29 4.4 1.3 0.9 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 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 1974 Jan. Feb. Mar. Apr. May June 30 27 27 24 29 26 July 31 I Loans s o l d tinder repurchase agreement 3/ Commercial Direct^ paper 2/ Total To the Customer To bank , . nonbank, guaranteed paper public-7! affiliates— 0.2^ 0.3 0.8 4.3 1.0 0.8 0.4 0.6 0.6 0.2 0.1 0.1 1/ 7.6 2.3 0.7 0.7 0.7 0.7 0.1 7/ 7/ 0.3 0.3 0.4 7/ 7/ 2.0 1.2 1.0 0.2 0.3 1.3 1.3 2.0 1.4 1.7 1.4 0.2 0.2 0.2 0.2 0.2 0.2 I 7/ 1/ 7/ 7/ 7/ 2.3 2.4 2.4 2.5 2.6 2.6 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 1.6 1.0 1.4 1.3 1.5 1.7 2.3 3.0 1.9 1.9 2.7 2.0 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/ 0.1 7/ 7/ 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 0.4 0.4 0.4 0.3 0.3 0.3 0.3 0.4 0.3 0.4 0.4 0.4 7.7 7.6 9.5 9.7 10.5 10.7 1.9 1.9 3.2 2.8 3.2 3.6 1.7 1.7 0.2 0.1 1/ V 0.1 0.1 . 5.5 5.5 0.3 0.1 0.2 7/ 0.1 2.9 2.5 3.0 3.4 0.2 0.1 0.1 0.1 v. 0.1 7/ 7/ 2/ 0.2 3.3 0.3 0.1 0.2 0.2 0.1 0.2 0.1 3.4 6.0 6.8 7.1 7.0 7.1 0.1 7/ 10.6 0.1 0.1 0.1 0.1 0.1 0.6 I V, a 7/ U mciuaes an m a e t e r m m e amount ot Federal funds purchases from U.S. Agencies of foreign banks. Issued by a bank holding company or other bank affiliates. Loans or participation in pools of loans sold under repurchase agreements. To bank holding companies, affiliates, or subsidiaries. To other than banks and bank-related affiliates or subsidiaries. Partly estimated. Less than $50 million. 0.2 0.2 0.1 0.2 0.1 0.2 0.1 0.1 0.1 0.2 0.2 0.1 0.2 0.1 0.3 0.4 0.4 oil 0.3 0.3 0.3 e e # # e # # • • # Table 5 Loans at All Commercial Banks Seasonally Adjusted Business Date ( I n Real Estate b i l l i o n s Consumer of d o l l a r Security Nonbank financial Agriculture 8 ) 1970—Dec. 1971--Dec. 1972--Dec. 31 31 31 110.0 115.9 129.7 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 1973--Jan. Feb. Mar. Apr. May J une July Aug. Sept. Oct. Nov. Dec . 31 28 28 25 30 30 25 29 26 31 28 31 133.3 138.1 141.8 143.9 146.8 148.2 151.2 153.4 153.7 153.6 155.0 155.8 99.7 101.3 103.1 104.6 106.5 108.3 109.9 111.7 113.2 114.7 116.2 117.7 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 12.5 13.3 12.1 12.7 12.8 12.2 22.5 24.1 24.9 25.3 26.6 25.9 27.2 28.6 28.9 27.6 28.5 28.0 15.0 15.1 15.2 15.3 15.5 15.7 15.9 16.1 16.5 16.9 17.3 17.7 1974--Jan. Feb. Mar. Apr. 30 27 27 24 157.8 158.9 164.4 168.9 171.9 173.9 176.8 119.0 119.9 121.3 122.5 123.9 125.5 126.3 81.7 82.0 82.0 82.4 82.6 82.9 83.2 11.2 13,0 11.? 11.1 11.4 11.7 13.9 29.5 29.9 30.3 31.7 33.2 31.7 33.5 18.0 18.1 18.3 18.5 18.7 18.9 19.0 May June July 1/ p p p p 29 p -I / 30 pR-' 31 P p - Preliminary 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 securities. 11 e Table 6 Changes in Loans and Investments at All Commercial Banks, Seasonally Adjusted (In billions of dollars) 1973 Item June | • Aug. July Sept. Oct. Nov. Dec. J a n .p • - . 3 Loans and Investments 2/ 1 ; Feb. p i 1 19J4 M a r .p +6.8 +8.6 + 2.8 +4.0 +4.2 +1.9 +7.7 +7.7 +9.2 - • A p r .p +8.3 May p. »fcine +5.4 +4 .7 + .4 : July p 1 +7.4 U. S. Gov't, securities + .6. -1.8 -1.9 -1.5 -1.3 -.1 -2.2 +1.6 +1.8 1/ + .5 Other securities + .8 +1.4 +2.1 +1.1 + 3.3 -.i +2.3 +1.1 +1.1 1/ + .4 +1. 1 +1.5 +2.9 +7. 2 +8.4 +3.2 +2.0 +4.4 +1.8 +5.0 a+4.8 +9.2 +7.4 +4. 3 + 2 .8 +9.1 Business +1.4 +3.0 + 2.2 + .3 -.1 +1.4 + .8 +2.0 +1.1 +5.5 +4.5 +3.0 + 2. 0 +2.9 Real estate +1.8 +1.6 +1.8 +1.5 +1.5 +1.5 +1.5 +1.3 + .9 +1.4 +1.2 +1. 4 +1.1 +.8 Consumer + .9 + .9 +1.2 + .7 +1.0 + .7 + .3 + .3 1/ + .4 + .2 +0.3 Security -.7 -.7 + .8 -1.2 + .6 +. 1 — .6 -1.0 +1.8 -1.1 —. 8 +. 3 +0.3 +2.2 Nonbank financial -.7 +1.3 +1.4 + .3 — 1.3 + .9 —. 5 +1. 5 + .4 + .4 +1.4 +1. 5 -1.5 +1.8 Agriculture + .2 + .2 + .2 + .4 + .4 + .4 + .4 + .3 + .1 + +0.2 +.1 All other 1/ + .9 + +1.2 -.1 —. 6 -.1 +. 1 + .2 +0.4 +1.0 Loans 2/ 8 + .8 • .2 +2.8 H + + .2 .2 -2 .3 + .5 ! -1.7 | i i +.3 i 1 ! | | i I I 1/ Less than $50 million# 7/ Adjusted to exclude interbank loans. p - Preliminary. http://fraser.stlouisfed.org/ Federal # Reserve Bank of St. e Louis e # # e # e # e # Table Change* in Loans and Investments at All Adjusted for Loans (In billions -1— Item 197 3 . T„np Julv Loans and Investments 2/ | + 4 . 1 + 7^3 U. S. Gov't, securities Other securities Loans 2/ Business 6A Commercial Banks, Seasonally Adjusted Sold to Affiliates of dollars). Mar. p Apr. + 7.8 +8. 3 + 9.1 +8.8 -2.2 +1 • 6 +1.8 1/ -.1 + 2.3 +1.1 +1.1 1/ + 2.0 +4.1 +1.8 +5.1 *+5.4 -.1 + 1.2 + .7 +1.2 Jan. p +1.9 —•1 +3.3 +3.1 + .3 Oct. + 9.3 + 2.7 +4.0 -1.8 -1.9 -1.5 -1.3 '+"8 +1.4 + 2.1 +1.1 | +2.7 + 7.7 + 9.1 : +1.4 +3.3 + 2.6 + »6 1974 Feb. p Dec . Sent. Aue. i Nov. + 3.9 + 2.-0 May Less than $50 million* Adjusted to exclude interbank loans* Preliminary. V June p July p +5.7 44 .4 +7.4 + .5 1/ + .4 | -1.7 + .4 +i.i +1.5 - - +9.1 +7.9 + 4 .6 +2.5 +9.1 +5.6 +4.8 + 3.0 +1.8 +2.9 i, \[ 2/ p p. Table 7 Changes in Loans and Investments at All Commercial Banks, at Weekly Reporting Banks, and at Other Banks, Not Seasonally Adjusted (In billions of dollars) Item 1974 p All commercial banks 3/ Total loans U. S. Gov't, securities Other securities $ Total All Large Banks J?IhJ Total loans U. S. Gov't, securities Other securities Total Other banks 3/4/ Total loans i U. S. Gov't, securities Other securities Total End of June to last Wednesday of July 2/ 1973 r 1972 1969 1970 m 3 -1.1 +2.3 All commercial banks ^ Total loans U. S, Gov't, securities Other securities < Total All Large Banks 3/4/ i Total loans U. S. Gov't, securities Other securities Total Other banks 3/4/ Total loans U. S. Gov't, securities Other securities Total NOTE: +0.2 +4.6 +1.3 -2.3 m +1.2 -1.2 +0.1 -3.5 +2.7 -0.1 +1.2 +2.0 4-0. 6 -0.4 + o +1.5 E M Item +2.5 +1.9 +0.5 +1.9 +0.4 +4.3 1974 p +34.9 1973 r +43.5 -10.6 9f 1972 December 1971 to end +37.5 1970 +21.5 -5.4 +25,1 -4.9 +25.5 +21.0 +17.8 +22.9 1969 1968 +11.9 -9.9 +10.4 +16.0 +18.0 +0.1 +12.5 IhsJL +19.7 -2,0 ± M +11.5 +5,2 -1.7 +8. 3— -3.0 +12.3 & -3.8 +1.3 +0.8 +0.7 -0.4 +1.5 o£,.Tw1y +11.3 +33.3 ,1968 +15.4 +6.3 -3.9 ±2a +4.4 +5.2 -0.3 +1.7 +6,6 Data exclude all interbank loans; call report data for large banks used when available. 1/ Less than $50 million, ~2./ Based on estimated data for June 30, 1974. 3/ Based on revised reporting beginning July 1969. Changes have been adjusted to maintain comparability of series. 4/ Based on revised coverage beginning July 1966, and January 1967-73. 5/ Allowance has been made in monthly changes in total loans and in other securities ~ for approximately $700 million in 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) Lat:e Decembeir to late Julv 2/ End of June to end of• Julv 1/ 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. Pettoleum 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 37 Classified Unclassified Total Change 1974p 1973r 1972 1971 1970 1974p 1973r 1972 +124 -78 +187 + 43 +144 +175 +2 -27 +92 +108 -43 +549 +59 +180 +24 +180 +549 -77 -93 +719 +114 +113 -257 +86 +284 +273 +2406 +276 +2,682 +284 +16 +293 +178 +115 +264 -39 +209 +87 +7 +151 +62 -56 +91 +57 +118 +428 +110 +55 +263 +124 +655 +24 +142 +489 +15 +2502 +119 +2621 +97 +11 +142 +159 -17 -314 -85 -81 -125 -23 +105 -24 -214 -27" +15 +45 +224 -171 +159 +236 +45 +100 -96 -111 +307 +63 +268 +85 +353 +16 -10 -76 -119 +43 -435 -171 -132 -73 -59 +75 -14 -16 +25 -37 -56 +142 -93 +22 +213 -147 +33 -128 -7 +168 +4 -496 -354 -850 -209 -47 -168 -172 +4 -107 +43 -100 -22 -28 +139 -127 -53 +107 +76 -39 -35 +136 +30 -201 +32 +306 +26 +137 +143 -5 -130 -115 -245 -103 -351 +2112 +1142 +970 +3107 +58 +1708 +734 +607 +867 +485 +679 +1091 +362 +552 +2255 +59 +395 +1801 +761 +1914 +186 +681 +1047 +880 +14611 +1375 +15986 +351 -512 +1861 +1188 +673 +2425 -15 +1739 +119 +582 +857 +273 +746 +881 +410 +500 +1905 +454 +297 +1154 +992 +2977 -219 +1275 +1921 +561 +14227 +1654 +15881 -221 -475 +617 +605 +12 -646 +41 -184 -483 -20 +645 -197 -282 +298 -143 -162 +106 -197 +287 +16 +484 -251 -942 +626 +65 +272 +45 +1,239 +1,284 1971 -608 -177 +626 +270 +356 -567 —36 -356 -285 +110 +386 -400 -87 +241 -108 -281 -178 -350 +200 -28 +246 +412 -134 +122 +424 +640 +145 +549 +694 1970 -708 -339 + 59 +1 +58 +621 +124 +171 +105 +221 +515 -206 -181 +344 +103 -616 -1.212 +40 -200 -1,032 +98 -159 -177 -10 +28 -89 -1,770 -489 -2,259 1/ Five most comparable weeks used throughout. 2/ Changes are compiled from December 26, 1973; December 27, 1972; December 27, 1971; December 30, 1970; and December 31, 1969. These data cannot be linked with all commercial bank data which are always for December 31. 3/ Beginning June 28, 1972, commercial and industrial loans were reduced by $357 million as a result of loan reclassifications at one large bank. Of this amount, $226 million was in "other loans « 1 TABLE 9 Loans and Investments at All Commercial Banks (In billions of dollars) /Not seasonally adjusted) Loans and investments 1964--Dec. 31 1965--Dec. 31 1966--Dec. 31 1967--Dec. 30 1968--Dec, 31 1969--Dec. 31 1970--Dec. 31 1971--Dec. 31 1972--Dec. 31 If D. S. Gov't. 279.2 307.6-. 324.0= 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 Other securities Total loans Business 38.8 177.4 60.2 48.8*' 61.5 71.5 71.3 219>11 80.6 ' 44"*2/ 71.4 104.7 117.1 236.8 264.4 286.1 299.0 328.3 387.3 88.4 98.4 108.4 112.5 118.5 132.7 86.1 Real estate Security Farm 7.5 43.7 49.3 53.9 58.5 8.4 8.5 9.0 10.5 72.5 81.6 98.4 10.7 12.1 12.9 17.6 10.3 11.2 12.5 14.3 11.8 ! > 5:', Consumer 31.0 35.7 38.3 40.6 46.3 51.0 53.6 60.5 70.6 1972--July. Aug. Sept. Oct. Nov. Dec. 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 67.0 111.5 112.8 114.0 114.2 114.9 117.1 350.3 353.7 360.7 365.2 371.8 387.3 122.3 122.2 124.2 125.8 127.6 132.7 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 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 65.6 61.6 61.2 60.4 58.3 57.9 56.5 54.9 55.1 56.0 57.8 58.3 116.5 116.8 117.7 132.0 136.6 141.7 144.4 146.4 150.4 151.6 99.6 100.9 102.5 104.1 119.9 121.1 121.7 123.3 124.8 127.0 126.5 130.6 383.5 392.6 401.7 408.3 416.6 426.6 429.3 435.2 440.1 440.9 443.9 458.5 14.9 14.4 13.6 13.4 13.6 13.4 14.6 14.8 15.0 15.3 15.7 71.0 71.6 72.5 73.7 75.1 76.5 77.5 79.0 79.5 80,3 58.7 57.5 57.3 56.1 130.6 131.5 133.0 134.0 448.3 451.5 461.1 470.4 156.1 157.3 164.2 169.6 171.3 176.5 177.2 1974--Jan. 30p Feb. 27p Mar. 27p Apr. 24p May 29p R6/ June 30p July 31p 628.2 647.3 637.6 640.2 651.4 660.5 665.1 677.9 680.1 I':! 51.7 118.6 BfcS 135.7 «»:! 492.8 152.0 153.8 152.9 154.1 159.4 106.1 108.2 109.9 111.9 113.8 115.4 12.1 12.8 12.2 118.0 12.4 12.4 14.6 118.9 119.4 12.7 121.9 10.7 116.8 120.6 ill:! 126.3 11.1 11.6 lV.9 13.5 16.0 16.3 16.5 16.7 16.9 17.1 17.3 68.6 69.4 70.6 80.8 81.2 17.5 17.8 81.0 18.4 18.9 19.3 19.4 81.8 B:i 18.1 80.9 80.9 83.7 Nonbank financial institutions All other 10.9 13.3 13.3 12.5 13.7 15.1 15.9 16.9 23.4 15.7 18.3 18.7 19.2 19.8 20.5 23.4 26.4 22.2 23.3 24.5 24.8 29.2 31.0 31.9 32.6 33.7 34.4 34.3 34.8 35.3 35.0 35.0 37.3 26.0 27.7 27.6 28.2 28.8 28.0 27.7 30.5 28.6 28.6 29.6 31.0 32.2 33.9 34.4 16.8 15.3 16.9 19.3 20.6 21.2 25.3 30.3 2b. 3 27.1 27.6 28.3 30.3 35.0 34.8 36.1 37.0 M 38.3 p - Preliminary, NOTE: Data exclude domestic interbank loans. Consumer and "other loans" were partly estimated for all dates. Other data are partly estimated on all but June and December call dates. 1/ 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. 2/ Beginning June 30, 1966, about $1 billion of participation certificates previously included in agricultural and "all other" loans were reclassified as "other securities." 3/ Data revised beginning June 1969, to include all bank premises subsidiaries and other significant majority-owned domestic subsidiaries* earlier data are for commercial banks only. 4/ Real estate loans decreased by $500 million on December 31, 1969, and loans to nonbank financial institutions increased by $500 million due to change in method of reporting mortgage loans held under repurchase agreements. 5/ Beginning June 1972, business loans were reduced by $400 million, nonbank financial institutions increased by $300 million, and "other" loans increased by $100 million as the result of loan reclassifications at one large bank. http://fraser.stlouisfed.org/ 6/ Beginning June 30, 1974*. data revised to include one large mutual savings bank which converted to a nonmember commercial^bank. Total loans and ^ Federal Reserve Bank inV^tments of St. Louis were incre^kd by about $600 i^plion of which $50@aillion were in l^^s and $100 in "ot@r securities." ^ D A T TABLE 10 V Ratios of Total Deposits U .S . Government L 0 AN S securities maturing B a n k s M e m b e r within one year Reserve City Banks 1 City All All Commercial of New York commercial banks C hicagc Other Country City Total banks E 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 . 3 1 % , 1969- -Dec . 31*2/ 1970- -Dec . 31*,, 1971- -Dec . 31*2/ 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 (63 .7) (69 .8) (66.2) (65.6) 467.7) 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 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 77.3 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 63.9 2.7 2.8 2.9 2.9 3.2 3.4 MEMBER BANK DATA NOW AVAILABLE ONLY ON CALL DATES 1 9 7 3 — July 25* Aug. 29* Sept.26* Oct. 31* Nov. 28* Dec. 31* 73.2 73.8 73.6 72.7 73.6 72.0 (72.9) (73.4) (73.4) (72.5) (73.3) (71.8) 75.3 1974—Jan. Feb. Mar. Apr. May June July 72.6 73.3 74.1 74.3 74.7 75.4 75.9 (72.4) (73.1) (73.8) (74.1) (74.4) (75.0) (75.5) 30*p 27*p 27*p 24*p 29*p 26*p 31*p 87.7 (86.4) 93.7 81.7 3.5 3.4 n.a. n.a. n.a. n.a. n. a. * - Ratios in parentheses are those obtained by adding Euro-dollars to the deposit base, j./ 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. TABLE 11 Money Stock Measures and Deposit Turnover (Seasonally adjusted; dollar amounts in billions) M Currency plus demand -, deposits— 1968—December 1969—-December 1970—December 1971—December 1972—December 201.5 2 M- plus time dep. at comm. other than., large CD's- "2 plus deposits at nonbank thrift „, ins titutions— Components of money stock measures and related items Currency Nonbank thrift institutions U.S. Gov't depos its fall member^ Demand Deposits CD's Other Total 158.1 162.5 172.2 182.6 198.7 23.3 10.9 25.3 33.0 43.4 180.9 183.5 203.9 237.9 269.9 204.2 194.4 229.2 270.9 313.3 194.5 201.3 217.5 254.8 297.2 4.9 5.3 6.5 6.1 6.1 5.5 5.0 4.9 5.8 Turnover outside N.Y. City (per cent) 235.2 255.7 382.4 392.1 425.2 473.0 525.5 576.9 593.4 642.7 727.9 822.8 43.4 46.1 49.1 52.6 56.9 --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 .5 782.5 790.7 798.9 807.4 814.2 822.8 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 .9 295.0 298.6 302.1 305.5 309.4 313.3 278.9 282.9 287.0 290.8 294.1 297.2 -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,,4 266,,3 265,.5 266.,6 269,,2 271.,4 529,.6 532 .4 534.7 538,.4 543,,7 549,.5 552,.1 555,,1 556,,8 561,,9 567,,3 572.,1 830.2 835.8 840.4 846.4 854.1 862.6 867.1 870.7 873.5 880.3 887.7 894.8 57 .1 57 .5 58 .0 58 .6 58 .9 59 .4 59.5 59,.8 60,.2 60,,5 61,,0 61.,7 199 .6 200 .4 200 .1 200 .8 203 .4 206 .2 206,.9 206,.4 205,.3 206,.1 208,,2 209,.7 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,.9 274,.5 276,.6 278,.9 281,,4 i 283,.9 - 285,,7 288,,8 291,,4 295,,3 298,,1 300.,6 317.6 323.6 331.2 337.4 342.7 345.9 349.6 355.1 358.0 359.1 360.1 363.5 300.6 303.5 305.7 308.0 310.4 313.1 315.0 315.6 316.7 318.5 320.4 322.7 -January February March April May June July 270.8 273. 7 276.2 278. 1 279.2 281.0 281. 2 575.4 581. 9 586. 2 590.2 592.8 597.6 600.2 900.4 909.0 915.8 921.5 924.9 930.6 934.0 61.9 62.7 63.4 64.0 64.5 64.8 65.0 208.9 211. 1 212.9 214. 1 214.8 216. 1 216.3 65.5 66.6 67. 7 75.4 81. 2 83.3 85.3 304,6 308.4 310.0 312. 1 313.6 316.6 319.0 370.1 374.8 377.7 387.4 394.7 400.0 404.3 325.0 327.1 329.6 331.4 332.1 333.0 333.9 3.0 3.7 4.5 3.8 3.7 2.6 79.7 n.a. 282.1 280.6 282.2 280.2 280.5 599.2 598.9 600.5 599.4 601.4 n.a. n.a. n.a. n.a. n.a. 64.9 65.1 64.9 64.9 64.8 217.2 215.4 217.3 215.3 215.7 85.0 84.7 85.4 85.9 85.4 317.1 318.3 318.3 319.2 320.9 402.2 403.0 403.7 405.1 406.3 n.a. n.a. n.a. n.a. n.a. 3.1 3.3 2.1 2.2 2.4 n.a. n!a! n!a! n.a. n.a. 208.6 221.2 45.3 50.0 52.9 57.3 61.8 57.1 60.2 60.1 59.2 6.8 6.1 62.1 61.8 6.7 64.2 6.1 7.6 7.1 5.2 5.3 3.9 4.8 5.0 6.0 5.8 4.9 6.2 66.1 67.8 66.2 67.4 68,7 71.3 73.6 72.4 74.7 77.1 75.8 77.3 79.3 80.3 80.2 81.0 Week ending: 3 10 17 24 31 V 2/ 3/ Included (1) demand deposits at all commercial 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 M 2 , plus the average of the beginning and end of month deposits of mutual savings banks and savings and loan shares. • *• • # e # e • • • TABLE 12-A Liquid Asset Holdings of Private Domestic Nonfinancial Investors (Seasonally adjusted monthly averages; amounts in billions of dollars, ratios in per cent) Other liquid assets Currency and deposits 1/ Time Deposits Total liquid assets Period 1 Total 2 Demand deposits Currency 3 4 Commercial banks 5 Thrift institutions 6 Total 7 Negotiable CD's Commercial paper 9 8 U.S. shortterm marketable Treasury securities Savings bonds 10 11 1965-December 1966--December 1967-December 1968--December 1969-December 1970--December 1971--December 563.0 593.6 643.2 704.2 736.9 786.5 868.1 451.7 474.4 520.9 564.6 582.9 634.2 721.1 36.3 38.3 40.4 43.4 46.1 49.1 52.6 119.6 121.7 130.0 140.0 144.5 153.1 161.7 125.3 137.0 156.4 174.5 177.3 199.2 233.8 170.4 177.3 194.1 206.7 215.0 232.8 273.0 111.3 119.3 122.4 139.5 154.1 152.4 147.0 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 929.9 938.0 946.0 956.2 965.9 978.1 775.3 783.3 790.9 799.9 806.2 814.4 54.6 54.9 55.3 55.8 56.3 56.9 169.4 170.0 170.4 172.0 172.1 175.0 252.4 255.1 257.5 260.3 262.4 264.8 298.9 303.2 307.7 311.8 315.4 318.8 154.6 154.7 155.1 156.3 159.7 162.8 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 57.0 986.9 995.1 1006.9 1018.6 1031.5 1042.5 1050.8 1060.7 1067.9 1073.1 . 1080.9 1091.0 822.8 828.2 833.0 838.5 846.0 854.7 859.0 862.0 865.4 871.5 878.3 884.8 57.1 57.5 58.0 58.6 58.9 59.4 59.5 59.8 60.2 60.5 61.0 61.7 175.4 175.7 175.4 175.6 177.7 180.2 180.6 179.7 178.7 178.9 180.6 181.5 267.8 269.3 271.4 273.4 275.8 278.4 280.1 283.2 285.8 289.5 292.1 294.4 322.5 325.7 328.2 330.9 333.6 336.7 338.8 339.4 340.6 342.6 344.7 347.2 164.1 166.9 174.0 180.2 185.5 187.8 191.8 198.7 202.5 201.6 202.5 206.2 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 1097.8 1107.1 1118.2 890.0 898.5 905.0 61.9 62.7 63.4 180.1 182.1 183.3 298.2 301.6 303.4 349.7 352.1 354.9 207.8 208.6 213.1 59.9 6-1.1 62.4 35.9 37.0 38.8 52.0 50.2 51.4 59.9 60.2 60.5 305.5 306.8 309.7 311.6 357.1 358.1 359.4 360.5 222.9 231.1 235.4 237. 9 70.1 75.8 77.5 78.9 39.9 40.2 52.1 54.1 56.1 56. 6 60.8 1973—January February March April May June July August September October November December 1974—January February March * 184.2 64.0 1133.6 910.7 April 185.1 64.5 May 1145.6 914.5 185.8 64.8 1155.1 919.7 June 194.1 65.0 931.2 1169.1 July For description of items, and computation of ratios see Table 14-C. J . i&i 61.0 61.2 61.5 TABLE 12-B Period Currency and demand ^ / deposits t o liquid assets ir" Bank liability j/ 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 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 25.9 25.7 24.7 23.7 22.3 46.2 46.0 47,5 47.8 44.9 47.7 49.0 49.0 48.9 30.3 29.9 30,2 29.4 29.2 29.6 31.5 32.6 31.8 79.0 77.6 78.0 78.1 78.0 77.9 78.9 80.1 80.9 22.2 21.2 20.8 20.5 20.3 20.2 19.9 19.3 18.4 1973--March June September December 23.2 23.0 22.4 22.3 49.3 49.4 49.2 48.9 32.6 32.3 31.9 31.8 80.2 81.0 81.2 81.1 18.8 18.6 18.4 18.1 1974—March 22.1 49.1 31.7 81.9 18.1 1972— July Aug. Sept. Oct, Nov. Dec. 24.1 24.0 23.9 23.8 23.6 23.7 49.1 49.1 49.1 49.1 48.9 49.0 32.1 32.3 32.5 32.6 32.7 32.6 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 23.2 23.0 22.9 23.0 22.8 22.6 22.4 22.3 22.4 22.3 49.0 49.2 49.3 49.3 49.4 49.4 49.4 49.4 49.2 49.1 48.9 48.9 32.7 32.7 32.6 32.5 32.3 32.3 32.2 32.0 31.9 31.9 31.9 31.8 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. 22.0 22,1 22,1 21.9 21.8 21.7 22.2 49.0 49.2 49.1 49.4 49.6 31.9 31.8 31.7 31.5 31.3 n.a. n.a. n.a. n.a. n.a. n.a, n.a. n.a, n.a. n.a. 49.6 50.0 31.1 30.8 n.a. n.a* n.a. n, a. 1974—Jan. Feb. Mar, Apr. May June July n*a. > 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 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. A l l issues due in one year or less, including bonds and notes, plus a sliding proportion or 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.
@FedFRASER