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December 1975 N ^ l o r Publication c -fcutRAt at ^ ' et k m m s a s c m BANKING AND MONETARY DEVELOPMENTS November 1975 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 1973 Year 1/ Total bank credit — 13.3 U.8. Gov't securities -14.7 oeasuucuj-y aujuot•cu auu 1974 1st 1st 2nd Qtr half half Year 1975 3rd 2nd Qtr. On-.** .Pc.uL. R p v / 10.6 5^7 3.5 5.2 •5.8 4.6 3.7 -7 .6 -27.0 96.7 79.5 95.0 26.0 -31.1 19.2 7.1 3.9 14.2 9.9 9.2 It. 6 7.» 5 .St 3.7 r 18.4 ir.5 6.r -3.3 .1 -6,7 .4 9.1 9.5 business loans 20.1 17.6 9.8 —6.9 -3.7 -10.2 .2 10.2 6.7 Real estate loans 20.0 10.4 6.7 2.2 3.1 1.2 .3 5.5 2.7 Consumer loans 14.9 3.5 1.9 —6.7 -6.7 —6.8 5.4 7.3 n.a. Other securities Loans 1/ .3- Adjusted for loans sold to selected affiliates 5r. 7 4.6 3.6 6.0 10.5 -6.7 .2 9.5 9.4 — 10.7 6.0 11.2 2.3 -2.9 12.2 10.1 6.7 3.3 13.6 11.6 13.4 15.3 9.7 9.3 13.5 -5.7 -5.0 2.2 .1 13.5 9.2 3.1 5.1 Loans 18.7 11.5 5.8 -3.3 Business loans 20.5 ; 17.4 9.5 -6.6 6.1 4.8 3.1 6.0 0.8 Total time deposits 16.2 15.1 10.5 8,5 Time other than CD's 11.4 9.4 7.6 14.6 CD's (dollar change in billions) 19.9 26.5 9.0 Total bank credit If Money stock - n.a. - N o t available. -6.2 — — - -3.5 —9.8 -.5 — Table 2 Loans and Investments at All Commercial Banks (Seasonally Adjusted) Total-1/ Date Loans^ U.S. Gov't, securities Other secuirites (In billions of dollars) 1970—Dec. 1971—Dec. 1972—Dec. 1973—Dec. 31 31 31 31 435.5 484.8 556.4 630,3 291.7 320.3 377.8 447.3 57.9 60.1 61.9 52.8 85.9 104.4 116.7 130.2 1974—July Aug. Sept. Oct, Nov. Dec, 31 28 25 30 27 3/ 31 687.5 693.9 689.9 690.8 692.5 687.1 494.8 501.5 500.2 502.0 503.8 498.2 55.9 55.3 52.3 49.8 49.1 48.8 136.8 137.1 137.4 139.0 139.6 140.1 1975—Jan, Feb. Mar. Apr. May June July Aug. Sept. Oct. Nov. 29 26 26 30 28 30 30 27 24 29 26 690.0 692.6 697,0 699.1 702,0 705,0 706.4 710,4 711.6 715,0 721.3 501.3 489.9 498.3 495.0 492.8 489.9 489.6 490.7 490.4 494.1 498.0 48.7 53.2 58.5 64.0 140.0 140.5 140.2 140.1 141.0 142.7 143.4 144.1 144.1 145.8 147.0 1/ 2/ 2/ P P P P P 68.2 72.4 73,4 75.6 77.1 75.1 76.3 Adjusted to exclude domestic commercial interbank loans. P - Preliminary. 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." 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 billioni, However, business loans were Increased and real estate loans were reduced by $0.1 bullion as the result of loan classifications at one large mideastern bank. Table 3 . LOANS SOLD OUTRIGHT BY COMMERCIAL BANKS AND BANK CREDIT ADJUSTED FOR SELECTED LOAN SALES Date 1971——Dec ## 1* 1972—Dec. 1973—Dec*., x id 1974—Dec P * 1975 Jan. Feb. Mar. Apr. May June July Aug. Sept. Oct. Nov. 1/ I 6/ 29 26 26 30 28 30 30 p 27 p 24 p 29 p 26 p Loans sold outright by conmercia 1 banks N.S.A.) fnutstanding in billions of dollars Sold to Sold to nonbank public 2/ Affiliates 1/ Business Business Business Loans Total Loans Total Loans Total n.a. 2.8 2.6 4.3 4.8 1.6 1.7 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. 4.6 4.5 4.7 4.6 4.7 4.7 4.5 4.5 4.5 4.7 4.7 2.7 2.7 2.8 2.7 2.8 2.9 2.8 2.8 2.8 2.9 2.8 4.5 4.4 6.1 • 2.0 2.0 2.9 n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. 1.7 1.8 1.8 0.4 0.3 0.3 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. Commercial bank credit (seasonally ad lusted) Total loans and investments Arf lusted 3/ driginial Total loans Ad lusted 3/ Original Business loans Adlusted 4/ Original 484.8 556.4 630.3 687.1 487.6 559.0 634.6 691.9 320.3 377.8 447.3 498.2 323.1 380.4 451.6 503.0 115.9 129.7 155.8 182 .6 117.5 131 #4 158.4 185.3 690.0 692.6 697.0 699.1 702.0 705.0 706,4 710.4 711.6 715.0 721.3 694.6 697.1 701.7 703.7 706.7 709.7 710.7 714.9 716.1 501.3 498.9 498,3 495.0 492.8 489.9 489.6 490,7 490.4 505.9 503.4 503.0 499.6 497.5 494.6 494.1 495.2 454.9. 184.1 182.5 180.9 180.5 179.1 176.3 177.6 177.5 176.4 186.8 185.2 183.7 183.2 181.9 179.2 180.4 719,7 726.0 494,1 498.0 498,8 502.7 177.9 178.9 lb0.3 179.2 180,8 181.7 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 toreign branches. Beginning June 30, 1974, data revised to include one large mutual savings bank which merged w^th a qonmember 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." Beginning October 31, 1974, as the result of the liquidation of pne 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; *nd "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. Preliminary. revised Table 4 Loans at all Commercial Banks Seasonally Ajusted Date Business 31 31 31 1971—Dec. 1972—Dec. 1973—Dec. Real Estate (I n b i 1 l i o n s 60.2 81.4 98.1 70.4 80.9 117.7 115.9 129.7 155.8 Nonbank Financial Security Consumer c f Agriculture d o l l a r s) 10.8 15.5 21.5 14.7 28.0 12.2 12.8 14.6 17.7 1974—June 30 July 31 Aug, 28 Sept. 25 Oct. 30 Nov. 27 2/ Dec, 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. May June July Aug. Sept. Oct. Nov. 184.1 182.5 180.9 180.5 179.1 176.3 177.6 177.5 176.4 177.9 178.9 130.7 130.9 131.2 131.5 131.5 131.6 131.6 131.6 131.7 132.3 132.6 83.6 83.3 82.3 81.8 81.2 80.9 81.3 81.5 82.0 82.5 n.a. 11.4 10.8 12.0 10.4 11.4 12.2 10.7 10.7 9.8 10.9 12.7 34.1 33.7 32.8 30.9 32.7 30.3 30.9 31.6 30.6 30.4 30.4 18.6 18.4 18.5 18.6 18.5 18.7 18.9 19.0 19.3 19.5 19.8 29 26 26 30 28 30 30 p 27 p 24 p 29 p 26 p p - Preliminary n*a. - Not available. It 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". 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. http://fraser.stlouisfed.org/ Federal Reserve Bank of St. • Louis • i t # # e e ee ee e e e e •« r Table 5 Changes in Loans and Investments at All Commercial Banks, Seasonally Adjusted (In billions of dollars) in-,,. Item 1? 75 Oct .p Nov.p • +4.0 +1.2 +3.4 +6.3 +1.0 +2.2 +1.5 -2.0 +1.2 +1.7 +. 7 + .7 V +1.7 +1.2 -2.2 -2.9 -r3 +1.1 -.3 +3.7 +3.9 -.4 -1.4 —2.9 —. 1 -1.1 +1.5 +1.0 + .3 +.3 1/ +.1 -.3 -1.0 -.5 — .6 -.3 -.6 +1,2 -1.6 +1.0 +.8 +1.8 -.4 -.9 -1.9 +1.8 +.1 V -.2 +.1 +.1 -.8 -.6 +.5 +1.3 + .7 Dec. Jan. Feb, Mar. Apr. May June July.P +3.2 -5.4 +2.9 +2.6 +4.4 +2.1 +2.9 +3.0 +1.4 -.7 —. 3 -.1 +4.5 +5.3 +5.5 +4.2 +4.2 Other securities +1.1 +.5 -.1 +.5 -.3 -.1 + .9 Loans 2/ +2.8 -5.6 +3.1 -2.4 — .6 -3.3 +1 • 6 —1 • 7 +1.5 -1.6 —1 • 6 Real estate +.7 + .7 + .5 + .2 Consumer -.3 -.5 -.1 Security -.1 -.7 i/ Nonbank financial +.7 -2.7 Agriculture +.2 1/ Loans and Investments 2/ U. S. Gov't, securities Business All other Aur ,p Sept.p Nov. +1.3 1/ + .1 + .6 + .3 +. 2 + .5 + .5 n.a. 7-1.5 i/ -.9 +1.1 -2.4 + .6 +. 7 -1.0 -.2 -.1 + .2 + .2 + .1 + .3 +.2 -2.9 +1.5 r-1.3 + .2 +1.8 V 1/ + .4 j 1/ 2/ Less than $50 million. Adjusted to exclude interbank loans. p Preliminary +1.8 v. +.3 n.a. Table 5A Changes in Loans and Investments at All Commercial Banks, Seasonally Adjusted Adjusted for Loans Sold to Affiliates (In billions of dollars) 1$75 1974 Item Oct.D Nov.P +1.2 +3.6 +6.3 +2.2 +1.5 -2.0 +1.2 +.7 + ,7 1/ +1.7 +1.2 -2.9 -0.5 +1.1 — .3 +3.9 +3.9 -2.7 +1.2 -1.1 +1.6 + .9 Nov, Dec. Jan. Feb. Mar. Apr. Mav June +2,9 -5,5 +2,7 +2.5 +7.6 +2.0 +3.0 +3.0 +1.2 +4.0 -.7 -.3 +4,5 +5.3 +5.5 +4,2 +4,2 +1.0 Other securities +1,1 +.5 -.1 +.5 -.3 -.1 + .9 +1.7 Loans 2/ +2.5 -5.7 +2.9 -2.5 -.4 -3.4 -2.1 +1.5 -1.7 +1.5 -1.6 -1.5 -.5 -1.3 Loans and Investments 2/ U. S. Gov't, securities Business 1/ 2/ .1 p,t, MS.fn.Pt Less than $50 million Adjusted to exclude interbank loans, p - Preliminary i. #4 Table 6 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 1975 p 1974 1973 1972 1971 1970 iqfiq All commercial banks 2/ Total loans +3.6 U. S.;:Goirffe;;. securities,' $ +3.5 Othcgr securities Total • +7.6 +2.0 +1.4 +0.5 +3.9 +2.7 +1.8 -0.5 +4.0 +6.8 +2.3 +0.7 +9.8 +2.1 +1.1 +0.1 +2.3 +0.4 +1.1 +1.6 +3.1 +2.3 +0.7 +0.5 +3.5 All Large Banks —^ -5/ Total loans U. 5; Gov't, securities Other securities Total i +2.9 +2.5 +0.3 +5.7 +1.6 +1.4 +0.2 +3.2 +0.6 +1.1 -0.5 +1.2 +4.3 +2.0 +0.5 +6.7 +0.1 +1.1 -0.2 +1.0 -1.1 +0.6 +1.4 +0.8 +1.1 +0.5 +0.4 +2.0 Other banks — — Total loans U. S. Gov't, securities Other securities Total i i'-- - ' •- - +0.7 +1.0 +0.2 +1.9 +0.4 +0.4 +0.7 +2.1 +0.7 +2.8 +2.5 +0.3 +0.2 +3.0 +2.0 1/ +0.3 +2.3 +1.5 +0.5 +0.3 +2.2 +1.2 +0.1 +0 * 1 +1.4 1975n 1974 1973 1979 1Q71 i oyn 1°6° All commercial banks — Total loans U. S, Gov't. securities Other securities Total -14.8 +25.1 +4.9 +15.2 +44.7 -6.1 • +8.0 +46.5 +58.4 -9.3 +9.5 +58.6 +43.2 -1.7 +10.2 +51.6 +18.9 -0.7 +14.8 +33.0 +2.3 +3.6 +11.2 +17.1 +17.1 -9.5 -0.5 +7.2 All Large Banks —^ 2/ Total loans U. S. Gov't, securities Other securities Total -22.8 +13.5 -1.8 -11.1 +26.2 -3.8 +0.2 +22.5 +32.3 —6.0 +2.5 +28.8 +22.0 -1.8 +3.0 +23.2 +4.3 -1.4 +6.1 +9.0 -2.9 +2.3 +6.3 +5.7 +8.1 -5.5 -3.1 —0.6 Other, banks — — Total loans U. S. Gov11. securities Other securities Total +8.0 +11.6 +6.7 +26.3 +18.5 -2.3 +7.8 +24.0 +26.1 —3.3 +7.0 +29.8 +21.2 1/ +7.2 +28.4 +14.6 +0.7 +8.7 +23.9 +5.2 +1.3 +4.9 +11.4 +9.1 -3.9 +2.7 +7.8 Item 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 1967-75. 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, affilitates, subsidiaries, or foreign branches. Allowance has been made in monthly changes for all loan and security reclassifications. For description of reclassifications , see Table 3 and 8. Table 7 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 1/ 2/ Late December to late November^./ Late October to late November A/ 1971 1972 1973 1974 1975D 1971 105 168 -12 29 -41 -604 -105 -291 —44 —164 -41 -72 —166 -111 -70 -68 122 80 1 41 -5 213 129 57 27 30 -511 70 -441 181 104 144 184 -40 137 12 152 2 -29 -136 35 -59 -23 -33 -2 13 60 -2 -45 -34 -15 211 318 37 64 -27 119 -21 119 3 18 -119 -84 -91 -120 -15 -79 188 -21 ,119 328 -69 197 -21 190 28 60 553 250 803 135 372 311 156 155 65 64 145 -40 . -104 -142 32 -100 -26 —46 166 322 -20 22 320 51 162 189 1 —28 -116 1186 284 1470 153 181 —88 -20 —68 -179 73 -233 145 -'164 —84 -52 —168 -162 -71 -20 -69 -71 -33 35 -118 1579 1395 17 167 63 965 44 1009 -180 151 1231 576 655 -1465 -140 —871 -244 -210 195 —386 -454 75 -108 -224 -363 -523 -71 231 377 951 116 230 605 727 527 525 1052 — 87 -102 147 459 169 628 1973 1974 545 357 -26 -20 2508 1571 1787 1310 721 261 2355 -315 -75 -3 1626 70 214 -451 590 69 661 578 -255 123 463 -418 843 334 420 —67 111 -102 1960 583 243 -305 ... -47 299 1764 589 889 893 3189 126 -311 -924 1659 926 1841 124 464 237 14282 3725 1936 1901 16218 5626 474 277 2474 1413 1061 3825 149 2016 1072 588 623 676 828 1313 308 861 1998 48 -45 1995 916 2190 373 622 1195 176 16939 1812 18751 1972 1975P -1345 -524 —1446 -250 -1196 -4094 58 -2844 -532 -776 -622 259 -718 -1253 -629 243 -2544 —416 -446 -1682 -593 499 2367 -1373 -495 893 -11874 -568 -12442 Four 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 bank data which are always for December 31. ee h e # •• H ee ee TABLE 8 Loans and Investments at All Commercial Banks * (In billions of dollars) (Not seasonally adjusted) r — Date " Loans and investments 1964—Dec. 1965-r-Dec. 1966——Dec. 1967—Dec. 1968—Dec. 1969—Dec. 1970—Dec. 1971—Dec. 1972—Dec. 1973—Dec. 1973—Jan. 31 31 31 30 31 1974—Jan. Feb. Mar. Apr. May June July Aug. Sept. Oct. Nov. Dec. 30 27 27 24 29 302/ 31 28 25 30. 3i2/ 31 31 311/ 31 31 21U 31 1975—Jan. 29 26 Feb. Mar. 26 30 Apr. 28 May June ' 30 30 P July 27 P Aug. Sept. 24 P 29 P Oct. 26 P Nov. 5/ 6/ 7/ Other securities Total loans Business ~~ Real estate Security Farm Consumer Nonbank financial institutions All other 279.2 307.6 . 324.01/ 360.8 400.4 412.1 446.8 497.9 571.4 647.3 565.6 63.0 59.5 56.2 62.5 64.5 54.7 61.7 64.9 67.0 58.3 65.6 38.8 44.9„, 48.8^/ 61.5 71.5 71.3 86.1 104.7 117.1 130.6 116.5 177. 4 203. 2 219. 01/ 2/ 236.8 264. 4 286. 1 299. 0 328. 3 387. 3 458. 5 383. 5 60.2 71.4 80.6 88.4 98.4 108.4 112.5 118.5 132.7 159.4 132.0 43.7 49.3 53.9 58.5 65.1 70.04/ 72.5 81.6 98.4 118.0 99.6 8.4 8.5 9.0 10. I'll.8 10.7 12.1 12.9 17.6 14.6 14.9 7.5 8-2 . 8.62/ 9.3 9.7 10.3 11.2 12.5 14.3 17.3 14.6 31.Q 35.7 38.3 40.6 46.3 51.0 53.6 60.5 70.6 81.2 7i;o 10.9 13.3 13.3 12.5 13-7 , 15.14/ 15.9 16.9 23.4 30.5 22.2 15.7 16.8 15.3 16.9 19.3 20.6 21.2 25.3 30.3 37.3 29.2 638.4 642.1 654.0 664.2 669.8 681.6 686.3 689.4 689.5 689.5 692.2 705.6 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 v 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.,0 510.7 156.2 157.9 164.9 170.2 172.3 177.2 178.4 179.4 181.5 182.0 183.2 186.8 118.8 119.5 120.8 122.5 124.1 126.2 127.2 128.3 129.2 129.9 130.1 130.6 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 42.1 689.1 686.8 692.5 698.1 698.3 709.3 704.9 705.6 711.5 713.3 720.9 53.5 54.6 59.3 63.3 65.0 68.2 69.6 72.1 75.4 76.1 79.6 139.1 139.5 140.9 141.7 141.7 143.9 143.6 143.8 144.3 144.8 145.3 496 .5 492,.8 492.3 493.1 491,.6 497 .2 491,.7 489 .7 491.,7 492,,4 496,,0 181.9 180.7 180.5 181.1 178.7 179.0 177.5 176.0 176.8 176 1 6 177,8 130.6 130.4 130.4 130.8 131.0 131.4 131.6 131.9 132.4 133,1 133.3 11.3 10.6 11.7 10.0 11.2 12.4 10.4 10.3 18.1 18.1 18.3 18.5 18.7 19.1 19.3 19.5 83.0 82.2 81.2 81.2 81.1 81.4 81.8 82.3 32.8 32.2 31.7 31.7 31.6 32.4 31.4 31.0 38.8 38.6 38.5 39.8 39.3 41.4 39.7 38.7 9.8 10.7 12.3 19.6 19.5 19.5 82.7 B279 30.7 29.6 39.7 . 29.5 40.4 n.a. p - Preliminary, II.a. - Not Available. 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. 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 as "other securities." Data revised beginning June 1969, to include all bank premises subsidiaries and other significant majority-owned domestic subsidiaries. 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, 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. 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 in "other securities." Beginning October 31,., as the result of the liquidation of one 'large bank*, tqtal loans were reduced by $1JDI billion; business loans by $0. 6 billion; real estate loans by $0.2 billion; nonbank financial loans by $0.2 billidn;rand "other securities" by $0.5 billion. However, business loans were increased and real estate loans reduced by $0.1 billion as the result of loan reclassifications at one large mideastern bank. * Data have revised to incorporate benchmark data from the June 30, 1975, Call Report. NOTES I U.S. Gov't. DATE 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 . 3 ^ ' 1972- •Dec. 31* 1973- Dec. 31* TABLE 9 * - / Ratios of Total Deposits L O A N S B a n k s M e m b e r —r Reserve City Banks | City All of New York commercial Chicagc Other Country City Total banks 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 55.6 56.5 55.7 57.7 59.9 61.9 65.4 67.9 65.8 (63.7) 6 6 . 8 (69.8) 75.7 (66.2) 69.9 (65.6) 68.0 (67.7) 70.6 (71.8) 75.3 58.2 67.3 60.8 65.9 58.0 65.0 61.4 67.9 62.1 67.4 64.4 69.3 70.2 75.9 77.0 83.5 70.8 79.9 83.5 (76.3) 75.1 102 .8 (86 .4) 89.5 87.5 (79.6) 80.6 84.1 (83.2) 78.1 85.4 (85.4) 87 .2 87.7 (86.4) 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 50.2 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* 74.7 75.9 76.5 76.2 75.6 75.4 72.9 (74.3) 78.4 (75.5) (76.1) (75.9) (75.4) (75.1) (72.5) 76.0 89.4 (87.4) 101.1 85.4 66.0 91.5 81.9 64.6 87.4 (85.8) 1975—Jan. 29* 74.1 Feb. 26* 73.7 Mar. 26* 72.6 (72.4) Apr. 30* 72.0 (71.7) May 28* 71.8 June 30 . 85.0 (83.9) 93.6 62.7 70.5 £70.3} 73.4 78.4 71.3 (71.1) July 30*p I 71.1 (70.8) Aug 27*p 71.1 (70.8) Sept.24*p Oct. 29*p 70.6 (70.3) 70.4 (70.0) Nov. 26*p * - 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. NOTE: Data have revised to incorporate Benchmark data from the June 30, 1975, Call Report. table 10 ftmey $tpck Measures and Deposit Turnover^ (S -iasonally adjusted; dollar amounts In billions) M 1 Currency plus tlemand deposits!/ 1/ M 1 time dep. at comm. other than large CD's£' M 3 M2 plus deposits . at nonbank thrift institutions and credit union shares!' Currency Components of mbney stock measures and related items Nonbank thrift Demand institutions total CD's Other Deposits 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 63.5 269.9 300.7 313.8 364.5 319.1 347.4 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 81.3 83.6 83.8 84.8 85.5 90.3 398.4 402.8 405.2 407.5 412.1 413.6 419.3 358,7 360.0 360.7 361.7 363.2 365.3 368.2 5.3 4.2 216.2 317.1 319.2 321.5 322.7 325.9 328.0 329.1 1975-January February March April May June July Aug. Sept. Oct. Nov. 281.6 282.4 285.0 285.8 288.5 293.0 293.5 294.2 294.7 294.0 297.0 614.8 619.1 625.1 628.9 635.9 646.1 650,5 453.7 656,3 658.5 665.6 986.3 994.4 1005.9 1015.7 1028.3 1045.3 1055.9 1064.2 1071.1 1077.5 1088.7 68.2 213.4 213.7 215.6 216,3 218.3 221.9 222.1 92.7 92.1 89.8 88.4 85.5 84.1 79.1 31.3 81.4 426.0 428.8 429.9 431.5 433.9 437.1 439.1 437*4 440.7 445.7 450.0 371.5 375.3 380.8 386.8 392.4 399.2 405.4 410.5 414.8 419.0 423.1 .7 222.7 221.5 223,7 333.2 336.7 340.1 343.1 347.4 353.1 357.0 359.4 361.7 364.5 368.6 : 68.7 69,4 69.6 70.2 71.1 71.3 71.9 72.0 72.6 73.3 U6.5 225,3 86.2 82.1 z&.o Turnover outside N.Y. City (per cent) 6.2 6.3 3.7 4.6 1.9 .6 .,7 2.1 2.1 3.8 2.5 2.9 3.1 2.9 3.5 Week ending: 3.0 n.a. 446.9 365.9 81.0 223.3 72.8 n.a. 662.0 296.1 Nov. 5p 3.9 n.a. 448.7 367.7 80.9 224.7 73.3 n.a. 665.7 298.0 12p 3.9 n.a. 449.8 368.5 81.2 223.0 73.4 n.a. 664.9 296.4 1*P 3.3 n.a. 451.6 370.0 81.5 223,3 73.4 n.a. 666.8 296.7 26p t, less cash items in the Included (1) demand deposits at all commerical banks other tnan tnose QUI Banks and vaults of all process of collection and F.R. float; (2) foreign demand balances at F.R Banks; and (3) currency outside the Treasury, F.R. commercial banks. 1/ % U.S. Gov't. deposits (all member) Average of beginning and end of month deposits at mutual savings banks, savings and loan shares,' and credit union shares. 61.8 75.8 79.8 82.8 86.3 83.8 84.1 87.5 86.6 83.5 85.8 82.2 82.1 83.0 80.2 81.7 86.2, 85.1 83.5 84.9 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 Deposits Total liquid assets 1 Period 1 Total 2 Currency 3 Demand deposits 4 Commercial banks 5 Thrift institutions 6 Total 7 Negotiable Commercial paper CD's 8 9 U.S. shortterm marketable Treasury securities 10 Savings bonds 11 1970—Dec. 1971—Dec. 1972—Dec. 1973—Dec. 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—Nov. Dec. 1179.9 1184.7 938.6 941.2 67.4 67*9 184.6 183.1 320.6 321.9 366.0 368.3 241.3 243.4 76.0 79.9 41.8 40.6 60.8 60.1 62.6 62.8 1975—Jan. Feb. Mar. Apr. May June July Aug. Sept. Oct. Nov. 1191.8 1199.4 1208.0 1217.3 1226.6 1243.6 1253.7 1257.6 1265.2 1273.4 1285.1 944.8 952.8 963.9 973.3 985.4 1002.5 1013.2 1021.6 1028.5 1035.6 1047.3 68.2 68.7 69.4 69.5 70.2 71.1 71.4 71.9 72.0 72.6 73.3 180.0 180.6 182.2 183.1 184.6 188.0 188.3 188.7 189.0 188.2 190.9 325.1 328.3 331.4 334.0 338.2 344.3 348.3 350.8 352.9 356.0 360.3 371.5 375.3 380.9 386.8 392.4 399.1 405.2 410.2 414.5 418.8 422.8 247.0 246.6 244.2 244.0 241.2 241.1 240.5 236.0 236.7 237.8 237.8 82.5 82.3 80.0 78.8 75.7 74.0 72.0 68.4 69.4 71.1 71.1 40.3 40.6 41.1 41.4 41.7 41.8 41.7 41.0 40.0 39.4 39.1 61.0 60.2 59.4 59.7 59.5 60.6 61.7 61.1 61.5 61.1 61.2 63.2 63.5 63.8 64.1 64.4 64.7 65.1 65.5 65.8 66.2 66.5 NOTE: For description of items, and computation of ratios see Table 11-C. http://fraser.stlouisfed.org/ # Reserve e e Louis # Federal Bank of St. e e # # e # #e A # $ 0 # # TABLE 11-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 1970—Dec. 1971—Dec. 1972—Dec. 197 3—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—QI Q2 Q3 Q4 1975—QI Q2 Q3 21.9 21.6 21.4 21.2 20.8 20.8 20.6 49.0 49.5 49.3 49.4 49.1 48.8 48.3 31.6 31.1 31.0 31.1 31.5 32.1 32.8 81.9 82.6 82.2 82.5 84.7 85.3 84.0 18.0 17.9 17.6 17.6 17.6 17.7 17.4 1975—Jan. Feb, Mar. Apr. May June July Aug. Sept. Oct. Nov. 20.8 20.8 20.8 20.7 20.8 20.8 20.7 20.7 20.6 20.5 20,6 49.3 49.3 49.1 48.9 : 48.8 48.8 48,5 48.3 48.3 31.2 31.3 31.5 31.8 32.0 32. l 32.3 32.6 32.8 n.a. n. a. n.a. n • H Je j n»Si ii # SL • n*a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. 48.3 48.4 32.9 32,9- n.a. n.a, n.a. a,4, TABLE 11-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 nonfinaneial 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 } 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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