Full text of L.4.3 Banking and Monetary Developments : December 21, 1973

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December 21, 1973




L.4.3.
Not for Publication

BANKING AND MONETARY DEVELOPMENTS
November 1973

Banking Section
Division of Research and Statistics
Board of Governors of the Federal Reserve System

%
TABUS 1
1

Changes in Commercial Bank Credit, Money Stock,
and Time Deposits

?

Seasonally adjusted annual rates (per cent)
1971
1972
1st
Qtr.

2nd
Qtr.

3rd
Qtr.

Year

Year

4th
Qtr.

11.3

14.8

15.7

16.4

19.6

12.6

10.8

4.3

U.S. Gov't, sec.

3.8

3.0

2.6

-1.0

-9.7

7.9

35.1

Other securities

21.5

11.8

9.8

5.8

2.4

9.2

9.8

18.0

19.8

22.5

29.6

5.4

11.9

18.5

28.5

Real estate loans

12.6

20.5

19.2

Consumer loans

12.7

16.9

19.0

^otal bank credit

s

1st
half

1

Loans
Business loans

Sept.p Oct.p Nov.p
6.8

5.6

-29.1

-29.8

-8.7

12.3

"7.8

29.1

-2.8

14.3

16.9

7.7

5.2

9.8

37.3

18.1

15.7

3.1

, ~ -

11.7

20.8

20.4

20.2

17.0

16.2

14.9

13.6

16.2

17.6

14.1

16.8

10.7

15.2

10.5

Adjusted for loans sales to bank affiliates
11.2

14.6

15.8

16.6

19.9

12.7

11.4

4.1

6.7

5.0

Loans

9.6

17.7

20.0

22.8

30.1

14.5

17.8

7.4

5.2

8.9

Business loans

4.8

11.8

18.5

28.9

37.7

18.4

17.3

3.1

-

9.9

6.6

8.3

8.6

6.0

1.7

10.3

0.6

-2.3

4.6

10.9

18.2

15.5

14.4

20.0

23.1

16.0

13.4

6.8

1.7

2.4

16.7

13.3

11.6

9.2

9.5

8.7

9.4

9.6

16.2

12.3

7.7

10.1

3.3

18.9

11.7

7.1

5.0

-0.2

-3.4

-2.3

^ o t a l bank credit

s

Money stock
Total time deposits

^

Time other than CD's
CD's (dollar change
in billions)

I

I

t




-

Table 2
Loans and Investments at All Commercial Banks
(Seasonally Adjusted)
Date

Loans 1/

Total
(In

b i l l i o n s

U.S. Gov't.
securities
of

Other
securities

d o l l a r s )

1970—Dec. 31
1971—Dec. 31

435.5
484.8

291.7
320.3

57.9

60.1

85.9
104.4

1972—Jan. 26
Feb. 23
Mar. 29
Apr. 26
May 31
June 30
July 26
Aug. 30
Sept. 27
Oct. 25
Nov. 29
Dec. 31

490.8
496.6
503.9
508.8
515.5
518.5
522.8
529.0
535.4
540.4
549.9
556.4

325.6
328.4
333.7
337.4
341.5
344. 7
349.1
354.1
360.0
365.7
372.9
377.8

59.5
61.2
61.9
62.7
63.7
63.2
62.3
61.9
61.5
60.3
60.9
61.9

105.7
106.9
108.3
108. 7
110.3
110.6
111.4
113.0
113.9
114.4
116.1
116.7

1973—Jan. 31
Feb. 28
Mar. 28
Apr. 25
May 30
June 30
July 25 p
Aug. 29 p
Sept. 26p
Oct. 31 p
Nov. 28 p

564.7
575.4
583.6
589.6
597.7
602.0
608.2
616.0
618.2
621.7
624.6

385.8
397.2
405.8
411.1
417.4
420.3
427.3
435.3
438.1
440.0
443.6

61.8
60.6

117.1
117.6
117.4
117.5
119.3

1/

Adjusted to exclude domestic commercial interbank loans,




60.4

61.0
61.0
61.6

59.6
57.7
56.3
54.9
54.5

120.1
121.3
123.0
123.8

126.8
126.5
p - Preliminary.

Table 3
LOANS SOLD OUTRIGHT BY COMMERCIAL BANKS AND BANK CREDIT ADJUSTED FOR SELECTED LOAN SALES
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
Loans
total
Total

Date

1970---Dec.
1971--Dec.
1972--Dec.

4.7
4.5

2.5
2.0

3.0
2.8

2. 1
1.6

1.7
1. 7

0.4
0.4

4.4

2.0

2.6

1.7

1.8

0.3

1973
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.

4.4
4.9
5. 1
5.4
5.5
5.2
5. 7
6.5
6.4
6.4
6.1

2.0
2.4
2.3
2.6
2.5
2.5
2.9
3.2
3.3
3.2
3.0

2.6
3. 1
3.2
3.6
3.7
3.5
4.0
4. 7
4.6

1. 7
2.1
2.0
2.3
2.2
2.2
2.6
2.9
2.9
2.9
2-7

1.8
1.8
1. 9
1.8
1.8
1. 7
1.7
1.8
1.8
1.8
1.8

0.3
0.3
0.3
0.3
0. 3
0.3
0.3
0.3
0.4
0.3
0.3

31
28
28
25
30
30
25p
29p
26p
31P
28p

M
4.3

Commercial bank credit
(seasonally ad lusted)
Total loans
and investments
Originial
Ad lusted 3/

Total loans
Original
Ad lusted 3/

Business loans
Original
Ad lusted 4/

435.5
484.8
556.4

438.5
487.6
559.0

291.7
320.3
377.8

294.7
323. 1
380.4

110.0
115.9
129.7

112. 1
117.5
131.4

564.7
575.4
583.6
589.6
597.7
602.0
608.2
616.0
618.2

567.3
678.5
586.8
593.2
601.4
605.5
612.2
620.7
622.8
626.3
628.9

385.8
397.2
405.8
411. 1
417.4
420.3
427.3
435.3
438. 1
440.0
443.6

388.4
400. 3
409.0
414. 7
421.0
423.8
431.3
440.0
442.7

133.3
138. 1
141.8
143. 9
146.8
148. 2
151.4
153.6
154. 0

135.0
140.1
143. 8
146.2
149.0
150.3
154.0
156.5
156. 9

444.6
447.9

154.0
155.5

156.9
158.2

621.7
624.6

Net Change
(Billicms of do liars)
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.

31
28
28
25
30
30
30p
29p

Oct.
Nov.

31p
28p

SEPT.

1/
2/
^3/
4/
5/

26

P

5/
0.5
0.2
0.3
0.1
-0.2
0.5
0.8
-0. 1

5/
0.4
-0.1
0.3
-0.1
5/
0.4
0.3
0,1

5/

-0.1

-0.3

-0.2

5/
0.5
0.1
; 0.4
0. 1
-0. 1
0.5
0.7
-0. 1
5/

-0.3

5/
0.4
-0.1
0.3
-0.1
5/
0.4
0.3
5/

(Annual rates in per cent)
5/
5/
0. 1
-0. 1
5/
-0.1
5/
0.1
5/

5/
5/
5/
5/
5/
5/
5/
5/
0.1

17.9
22. 7
17.1
12.3
16.5
8.6
12.4
15.4
4.3

17.8
23.7
17.2
13.1
16.6
8.2
13.3
16.7
_4.1

25.4
35. 5
26.0
15.7
18.4
8.3
20.0
22.5
7,7

25.2
36.8
26. 1
16.7
18.5
7.7
21.2
24.2
7.4

5/

5/

-0.1

6.8

6.7

5.2

5.2

-0.2

5/

5/

5.6

5.0

9.8

8.9

To bank holding companies affiliates, subsidiaries or foreign branches.
To other than banks 1 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.




33.3
43.2
32.2
17.8
24.2
11.4
25.9
17.4
3.1

32.9
46.2
30.8
20.0
23.0
11.3
28. 7
19.5
3. 1
--

11.7

9.9

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

1969
May
Dec.

28
31

12.7
19.6

10.9
14.5

9.9
12.8

1970
June
Dec.

24
30

21.5
11.7

13.1

12.2

0.6

7.7

1921
Dec.

29

4.4

1.3

0.9

1972
Jan.
Feb.
Mar.
Apr.
May
June
July
/ Aug.,
Sept.

26
23
29
26
31
28
26
30
27

5.0
4.7
5.1
4.8
4.6
4.6
4.7
4.7
5.3

1.8
1.4
1.8
1.6
1.7
1.7
1.6
1.5
2.2

1.4
1.1
1.5
1.4
1.5
1.4
1.3
1.3
2.0

0.3
0.3
0.3
0.3
0.3
0.2
0.2
0.2
0.2

Oct.
Nov.

25
29

4.9

1.6

1.4

0.2

1.9

1.7

0.2

Dec.

27

5.2
4.9

1.6

1.4

0.2

1.4
0.8
1.1
1.1
1.3
1.5
2.1
2.8

0.2
0.2
0.2
0.2
0.2
0.2
0.1
0.1

1973
Jan.
Feb.
Mar.
Apr.
May
June
July

31
28
28
25
30
27
25

8.6

5.0
5.2
6.1
6.1
6.6
6.9
7.6

0.6
0.8

Through
brokers
and 1/
dealers

0.1 6/

0.7
0.7

0.1

0.3
0.3

0.5

7/

1.0

0.2

0.3

0.2

0.2
0.1

0.1
7/

7.6
2.3

0.7
0.7

0.4

1/

2/

2.0

1.2

2/
1/
1/
1/

2/

1/
1/

I
2/

If
V

1.9

Oct. 31

1.7

0.1

7.1

1.9

1/

1.7

0.1

2.7

2.5

1/

0.1

7/

2/
2/
2/

I
7/

V

7/

I
7/

7/

1/
1/
2/

I

0.1

7/

0.2

1.2
1.2
1.1
0.9
0.9
1.0
0.9
0.8
0.8
0.8

1.0
1.0
1.0
0.9
0.9
0.9
0.7
0.7
0.7
0.6

0.2
0.2
0.1
0.1
7/
0.2
0.2
0.1
0.1
0.2

0.4
0.4
0.3
0.3
0.3
0.3
0.3
0.3
0.4
0.4

0.3
0.3
0.3
0.3
0.4
0.4
0.4,
0.4
0.4
0.4

2 .6
2.6

0.7
0.7

0.6
0.6

0.1
0.1

0.4
0.4

0.4
0.4

2.7
3.1
3.5
3.8
4.0
4.3

0.7
1.0
1.3
1.0
1.1
0.9

0.6
0.9
1.1
0.9
0.9
0.8

0.1
0.2
0.2
0.1
- • 0-. 2
0.1

0.4
0.4
0.4
0.3
0.3
0.3

0.4

4.5
5.1

0.8
0.3

0.6
0.2

0.2
0.1

0.3
0.4

1/

5.2

0.3

0.1

4.9
5.0

0.3
0.4

2/

2/
0.1

2.1
2.1
2.2
2.2
2.0
2.0
2.3
2.4
2.4
2.5

-

-•

Includes an indeterminate amount of Federal funds purchases from U.S. Agencies of foreign banks.
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.
To other than banks and bank-related affiliates or subsidiaries .
Digitized for!>/
FRASER
6/ Partly estimated.
http://fraser.stlouisfed.org/
7/ less t h a # # 5 0 million. # #
# #
# #
# #
@ #

Federal Reserve Bank of St. Louis

0.3

0.7

7*5

y

0.1

0,2

0.6

1/
Z/
Z/
Z/
7/

Customer
guaranteed Ineligible
paper
acceptances

0.6

0.4

0.8

Sept. 26

"

1.0

4.3

8.4

8.0

0.8

0.3

29

Nov. 28

0.2 6/

0.6

1.6
1.0
1.4
1.3
1.5
1.7
2.3
3.0

Aug.

Direct^

Commercial
paper 2/

Loans sold under
repurchase agreement 3/
To the
To bank
, . nonbank
Total affiliates—
public—

0.2

0.1

0*2

0,1
0.2

0.4

t
1

0.6
0.9

1.1

1:1
i;l

0.3

1.1

.0.4
0.4

0.9

0.6

Table 5
Loans at All Commercial Banks
Seasonally Adjusted
Date

Business
( I n

Real Estate
b i l l i o n s

Consumer
o !

Security

Nonbank
financial

Agriculture

d o l l a r• s )

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
June
July
Aug.
Sept.
Oct.
Nov.

31
28
28
25
30
30
25
29
26
31
28

133.3
138.1
141.8
143.9
146.8
148.2
151.4
153.6
154.0
154.0
155.5

99.7
101.3
103.1
104.6
106.5
108.3
109.7
111.4
112.9
114.3
115.6

71.5
72.5
73.5
74.2
75.2
76.1
77.0
78.2
78.9
79.9
80.6

14.3
14.3
14.0
14.0
13.9
13.2
12.4
13.2
12.1
12.6
12 .5

22.5
24.1
24.9
25.3
26.6
25.9
27.1
28.5
28.7
27.3
28.0

15.0
15.1
15.2
15.3
15.5
15.7
15.8
16.0
16.2
16.4
16.7

P
P
P
P
P

p - Preliminary




Table 6
Changes in Loans and Investments at All Commercial Banks, Seasonally Adjusted
(In billions of dollars)
Item

1972
Oct.

Nov.

1973

I
Dec.

Jan.

Feb.

Mar.

Apr.

May

1

June

July p

-Aug. p

Sept. p

Oct, p

Nov.p

Loans and Investments 2/

+5.0

+9.5

+6.5

+8.3

+10.7

+8.2

+6.0

+8.1

+4.3

+6.2

+7.8

+2.2

+ 3.5

+2.9

U. S. Gov't, securities

-1.2

+0.6

+1.0

-0.1

-1.2

-0.2

+0.6

' 1/

+0.6

-2.0

-1.9

-1.4

-1.4

-0.4

Other securities

+0.5

+1.7

+0.6

+0.4

+0.5

-0.2

+0.1

+1.8

+0.8

+1.2

+1.7

+0.8

+3.0

-0.3

Loans 2/

+5.7

+7.2

+4.9

+8.0

+11.4

+8. 6

+5.3

+6.3

+2.9

+7.0

+8.0

+2.8

+1.9

+3.6

Business

+2.2

+1.9

+1.5

+3.6

+4.8

+3.7

+2.1

+2.9

+1.4

+3.2

+2.2

+0.4

Real estate

+1.4

+1.7

+1.4

+1.6

+1.6

+1.8

+1.5

+1.9

+1.8

+1.4

+1.7

+1.5

+1.4

+1.3

Consumer

+1.1

+1.0

+1.1

+1.1

+1.0

+1.0

+0.7

+1.0*

+0.9

+0.9

+1.2

+0.7

+1.0

+0. 7

Security

-0.6

+0.9

-0.4

-0.4

i/

-0.3

1/

-0.1

-0.7

-0.8

+0.8

-1.1

+0.5

-0.1

Nonbank financial

+0,9

+1.0

+0.4

+1.0

+1. 6

+0.8

+0.4

+1.3

-0.7

+1.2

+1.4

+0.2

-1.4

+0.7

Agriculture

+0.4

+0.4

+0.3

+0.4

+0.1

+0.1

+0.1

+0.2

+0.2

+0.1

+0.2

+0.2

+0.2

+0.3

All other

+0.3

+0.3

+0.6

+0.7

+2.3

+1.5

+0.5

-0.9

1/

+1.0

+0.5

+0.9

+0.2

-0.8

1/

Eess than $50 million.

2/

Adjusted to exclude domestic interbank loans.




—

+1.5

Table 6A
Changes in Loans and Investments at All Commercial Banks, Seasonally Adjusted
Adjusted for Loans Sold to Affiliates
(In billions of dollars)

Item

1972

1973

Oct.

Nov.

Dec.

Jan.

Feb.

Mar.

Apr.

#ay

June

July p

Aug .p

Sept.p

Oct.

Nov.

Loans and Investments 2/

+5.0

+9.7

+6.6

+8.3

+11.2

+8.3

+6.4

+8.2

+4.1

+6.7

+8.5

+2 .1

+3.5

+2.6

U. S. Gov't, securities

-1.2

+0.6

+1.0

-0.1

-1.2

-0.2

+0.6

1/

+0.6

-2.0

-1.9

-1.4

-1.4

-0.4

Other securities

+0.5

+1.7

+0.6

+0.4

+0.5

-0.2

+0.1

+1.8

+0.8

+1.2

+1.7

+0.8

+3.0

-0.3

Loans 2/

+5.7

+7.4

+5.0

+8.0

+11.9

+8.7

+5.7

+6 .4

+2.7

+7.5

+8.7

+2.7

+1.9

+3.3

+2.1

+2.1

+1.6

+3.6

+5.2

+3 .6

+2.4

+2.8

+1.4

+3.6

+2.5

+0.4

- -

+1.3

Business
Real estate
Consumer
Security
Nonbank financial
Agriculture

NOT AV.M L A B L E

All other
Total loans excluding
security 3/
Total loans excluding
security and nonbank financial 3/

X

1/ Less than $50 million.
2/ Adjusted to exclude domestic interbank loans.




V

Table 7
Changes in Loans a nd Investments at All Commercial Banks, at Weekly
Reporting Banks, and at Other Banks, Not Seasonally Adjusted
Adjusted for Selected Loan Sales
(In billions of dollars)

Item

Last Wednesday of October t-n last MpHnpfirlflv "f Novemember
1969

1968

1967

1973p

1972

1971

2/
All commercial banks
Total loans
U. S. Gov't, securities
Other securities
Total

+1.9
+1.7
-0.8
+2.7

+6.8
+2.3
+0.7
+9.8

+2.1
+1.1
+0.1
+3.3

+0.4
+1.1
+1.6
+3.1

+2.3
+0.7
+0.5
+3.5

+2.9
-2.0
+0.7
+1.6

+1.3
+0.5
+0.8
+2.5

All Large Banks 2/3/
Total loans
U. S. Gov't, securities
Other securities
Total

+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

+1.9
-1.9
+0.3
+0.4

+0.8
-0.3
+0.1
+0.6

Other banks 2/3/
Total loans
U. S. Gov't, securities
Other securities
Total

+1.2
+0.6
-0.3
+1.5

+2.5
+0.3
+0.2
+3.0

+2.0

+1.5
+0.5
+0.3
+2.2

+1.2
+0.1
+0.1
+1.4

+1.0
-0.1
+0.4
+1.2

+0.5.
+0.8
+0.7
+1.9

1/
+0.3
+2.3

1970

End of 1December to last Wiednesdav of Novftmb#>r
Item

1967

+17.1
-9.5
-0.5
+7 .2

+18.3
+0.3
+8.0
+26.2

+8.5
+6.7
+11.0
+26.6

-2.9
+2.3
+6 .3
+5.7

+8.1
-5.5
-3.1
-0.6

+9.1
-0.6
+4.7
+13.3

+2.2
+3.2
+6.7
+12.2

+5.2
+1.3
+4.9
+11.4

+9.1
-3.9
+2.7
+7.8

+9.2
+0.9
+3.3
+13.3

+6 .3
+3.5
+4.1
+14.0

1970

1969

+43.2
-1.7
+10.2
+51.6

+18.9
-0.7
+14.8
+33.0

+2.3
+3 .6
+11.2
+17.1

+32.3
-6.0
+2.5
+28.7

+22.0
-1.8
+3.0
+23.2

+4.3
-1.4
+6.1
+9.0

+24.2
- 3.7
+5.6
+26.1

+21.2
1/
+7.2
+28.4

+14.6
+0.7
+8.7
+23.9

1972

All commercial banks 2/
Total loans
U. S. Gov't, securities
Other securities
Total

+56.5
-9.7
+8.0
+54.8

All Large Banks 2/3/
Total loans
U. S. Gov't, securities
Other securities
Total
Other banks 2/3/
Total loans
U. S. Gov't, securities
Other securities
Total
NOTE:

1968

1971 ~

1973p

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.
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 1967-1973.
4/ Allowance has been 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.


m

m

m

m

m

m

m

m

m

m

Table 8
Changes in Commercial and Industrial Loans at Large Commercial Banks
(In millions of dollars)

Business of borrower

Late October to Late November
1973D

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 3/
Classified
Unclassified
Total Change
1/
2/
3/

+218
+336
+ 48
+ 73
- 25
+109
- 22
+128
- 15
+ 18
+135
- 87
- 89
-126
- 14
- 85
+181
- 25
-115
+321
- 71
+211
- 15
+196
+ 30
+ 22
+518
+208
+726

1972r

1971

+181
+104
+144
+184
- 40
+137
+ 12
+152
+ 2
- 29
-136
+ 35
- 59
- 23
- 33
- 2
+ 13
+ 60
- 2
- 45
- 34
- 15

+133
+177
+ 41
+ 23
+ 18
-522
-128
-251
- 20
-123
- 51
- 5
-134
- 92
- 63
+ 23
- 74
+ 37
- 93
- 18
- 65
+344
+176
+ 84
+ 84
+ 55
-233
+ 17
-216

— —

+ 87
-102
+147
+459
+169
+628

Late December to late November 2/

1/

1970
+103
+ 87
- 2
- 24
+ 22
-258
+ 6
-190
+ 6
- 80
-195
- 43
+ 52
- 71
- 88
- 89
- 83
+ 36
+ 85
-204
+ 60
+201
+179
+ 57
- 35
+ 70
-256
+193
- 63

1969
+272
+132
+ 13
-185
+198
+131
- 36
+138
+ 84
- 55
-114
+ 1
+ 41
- 44
- 19
- 56
- 80
"="3T
+ 32
- 57
- 59
+101
- 19
+171
- 51
- 33
+286
+ 52
4-338

1973p

1972

+490
- 23
+2,194
+1,521
+613
+2,428
- 58
+1,683
+205
+598
+648
+117
+614
+825
+478
+175
+2,291
+291
+ 55
+1,945
+873
+3,380
-333
+1,769
+1,944
+138
+14,628
+1,786
+16,414

+285
- 56
+1,382
+1,234
+148
-585
+ 23
- 95
-527
+ 14
+495
-246
-482
+335
-132
-175
+799
-223
+422
+600
+795
-175
-950
+1,018
-243
+539
+2,729
+2.096
+4,775

1971

1970

1969

- 57
-517
-258
-245
+ 27
+137
+493
+414
+1,074
+157
+300
+505
+336
+114
+569
+1,506
-190
-1,622
+ 57
+
9
-112
+905
-445
-1,022
+428
+246
-261
+116
- 5
-227
+309
+163
+111
+ 29
-234
-385
+227
-158
-442
+197
+116
+ 53
+224
- 77
-177
+ 47
-832
-242
+634
-1,184
+ 29
+258
+264
-340
+102
-231
+ 34
+274
-1,217
+329
+203
+269
+321
+1,311
+1,342
+ 6
-300
+122 . +983
+797
+378
+189
+814
- 19
-205
-341
+171
+ 92
+4,537
-715
-2,126
+260
+830
+461
+4,797
+115
-1,665

Four most comparable weeks used throughout.
Changes are compiled from December 27, 1972; December 29, 1971; December 30, 1970; December 31, 1969; and
December 25, 1968. These data cannot be linked with all commercial bank data which are always from December 31.
Prior to 1967, transportation, communication, services, and foreign loans were not reported separately.




Table 9
Loans and Investments at All Commercial Banks
(In billions of dollars)
Date

Loans and

U. S. Gov't.

Other

Total loans

Real
estate

Business

60.2

Security

Farm

43.7
49.3
53.9
58.5
65.1
70.0 4/
72.5

8.4
8.5
9.0
10.5
11.8
10.7
12.1
12.9

7.5

9.3
9.7
10.3
11.2
12.5

60.4
60.7
61.3
62.2
63.3
64.7

16.0

11.9
13.2
13.6

12.6
12.7
12.8
13.1
13.4
13.6

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

99.6
100.9
102.5
104.1
106.1
108.2
109.7
111.6
113.5
115.0

14 * 9
14.4
13.6
13.4
13.6
13.4
12.0
12.7
12.2
12.3
12.1

14.6
14.8
15.0
15.3
15.7
16.0
16.2
16.4
16.4
16.4
16.5

71.0
71.6
72.5
73.7
75.1
76.5
77.5
79.0
79.5
80.3

279.2
307.6
324.0 1/
360.8
400.4
412.1
446.8
497.9

63.0
59.5
56.2
62.5
64.5
54.7
61.7
64.9

177.4
38.8
203.2
44.9
48.8 2/ 219,0 1/2,
.236.8
61.5
264.4
71.5
286.1
71.3
299.0
86.1
328.3
104.7

1972--Jan.
Feb.
Mar.
Apr.
May
June

26
23
29
26
31
30 (

490.1
492.4,
501.5
506.6
513.7
521.6

62.7
61.9
62.5
61.9
61.2
60.3

104.8
106.2
108.5
109.7
110.9
111.5

322.6
324.3
330.5
335.1
341.6
349.8

115.2
116.1
118.4
120.1
120.8

82.5
83.5
84.7
86.1
87.6
89.2

11.4
11.3

122.3
122.2
124.2
125.8
127.6
132.7
132.0
136.6
141.7
144.4
146.4
150.4
151.8
152.2
154.1
153.3

July
Aug.
Sept.
Oct.
Nov.
Dec.

26
30
27
25
29
31

1973--Jan. 31
Feb. 28
Mar. 28
Apr. 25
30
May
June 30
July 25p
Aug. 29p
Sept,. 26p
Oct. 31p
Nov. 28p

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

565.6
571.1
580.6
587.3
594.8
605.6
606.8
612.0
617.9
621.4
624.5

65.6
61.6
61.2
60.4
58.3
57.9
56.4
54.7
54.8
55.6
57.3

116.5
116.8
117.7
118.6
119.9
121.1
121.4
122.8
123.9
125.9
125.1

383.5
392.6
401.7
408.3
416.6
426.6
429.1
434.6
439.1
439.9
442.1

NOT E r e i«a n e«lude domestic interbank lens.

88.4
98.4
108.4
112.5
118.5

81.6

116.2

• 134.6

institutions

10.9
13.3
13.3
12.5
13.7
15.1
15.9
16.9

31
31
31
30
31
31
31
31

80.6

Nonbank
financial

31.0
35.7
38.3
40.6
46.3
51.0
53.6
60.5

1964- -Dec.
1965--Dec.
1966--Dec,
1967--Dec.
1968'vDec.
1969--Dec.
1970--Dec.
1971--Dec.

71.4

Consumer

12.0

Coneumer and "other loan." were partly estimated for all dates.

8.2

8.6 2/

66.9
67.7

68.6
69.4
70.6

80.8

16; 2

16.8
16.9
16.9

18.1

18.4 5/
18.3
18.7
19.2
19.8
20.5
23.4

22.2
23.3
24.5
24.8
26.0
27.7
27.5
28.1

1?:',
27.2

Other data are partly estimated

1/ Beginning June^'igee^ia^lllton of'balances accumulated for the payment of personal loans were deducted from time deposits and "all
2/ Beginnlng'june 30, 1966, about $1 billion of participation certificates previously Included in agricultural and "all other" loans were
3/ Mtl'rwlsld beginning June'wM* to include all bank premises subsidiaries and other significant majority-owned domestic subsidiaries;
4/
I,
"

« t ! " e \ a o : L T e c C r r 2 l ; \ 5 ^ i m o ; on December 31, 1969, and loans to nonbank financial institutions increased by $500 million
Beginning* June^WT^'^^siness^lMns^WMe'reduce^by
f t ^
by $100 million as the result of loan reclassifications at one large bank.




8

increased by $300 million, and "other" loans increase,

TABLE 10
Ratios to Total Deposits
L O A N S
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.

All
commercial
banks
31
54.0
31
55.1
54.5
31
28
56.5
58.6
25
60.5
31
31
63.7
65.8
31
63.8
30
31* 2/ 64.7 (63.7)
72.0 (69.8)
31*
67.3 (66.2)
31*
31* 3/ 65.7 (65.6)

Total

B a n k s
M e m b e r
Reserve City Banks
City of *
New York i
Chicago iOther (Country
City

55. 6167.3
56.5 65.9
55.7 65.0
57.7 67.9
59.9 67.4
61.9 69.3
65.4 75.9
67.9 83.5
65.8 79.9
66.8 83.5 (76.3)
75.7 102.8(86.4)
69.9 87.5 (79.6)
68.0 84.1 (83.2)

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

58.2
59.0'
57.7 |
60.1 1
63.3 !
65.0 i
68.7
70.2
68.1
69.1 1
79.5 i
73.3 ;
71.6 !

U.S. Government
securities maturing
within one year
All commercial
banks

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

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

1
i
1
MEMBER BANK DATA NOW AVAILABLE ONL I ON A ILL DATE:s.

1972--Jan. 26*
Feb. 23*
Mar. 29*
Apr. 26*
May 31*
June 30*
July 26*
Aug. 30*
Sept., 27*
Oct. 25*
Nov. 29*
Dec. 31*

66.5
66.5
66.7
67.0
67.3
68.1
68.2
68.5
68.7
68.6
68.9
67.9

(66.3)
(66.3)
(66.4)
(66.8)
(67.1)
(67.9)
(68.1)
(68.3)
(68.4)
(68.4)
(68.7)
(67.7 y

70.5 84.9 (83.6)

84.7

75.0

61.0

70.6 85.4 (85.4)

87.2

60.1

60.1

3.6
3.9
4.0
3.6
3.7
3.5
3.3
3.4
3.3
3.2
3.5
4.1

1973--Jan. 31*
69.1 (68.9)
4.0
3.5
69.8 (69.7)
Feb. 28*
3.4
70.9 (70.8)
Mar. 28*
3.2
71.3 (71.1)
Apr. 25*
64.0
82.2
3.2
30*
72.3 (72.1) 75.7 94.2 (92.2)' 92.3
May
June 30*- 72.4 (72.2)
3.1
July 25*p 73.2 (72.9)
2 7
Aug. 29*p 73.8 (73.5)
2 *8
2.9
Sept . 26*p 74.5 (74.3)
Oct. 31*p 72.7 (72.5)
2.9
n, a.
Nov. 28*p 79.0 (78.6)
* - 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.
Digitized 3/
for FRASER
Loan data revised to exclude only loans to domestic commercial banks. Previous data
http://fraser.stlouisfed.org/
had also excluded loans to foreign commercial banks.
Federal Reserve Bank of St. Louis

TABLE 11
Money Stock Measures and Deposit Turnover
(Seasonally adjusted; dollar amounts in billions)

M

i

Currency
plus
demand ^.
deposits—

«2 ,

Mj plus
time dep.
at comm.
other thang/
large CD's—

M3
M2 plus
deposits
at nonbank thrift g,
institutions—

Currency

577.2
594.0
641.3
727.7

43.4
46.1
49.1
52.6

158.2
162.7
172.2
183.4

23.3
10.9
25.3
33.0

180.9
183.5
203.9
237.9

204.2
194.4
229.2
270.9

194.7
201.7
216.1
253.8

4.9
5.3
6.5

45.3
50.0
52.9

6.1

57.3

56.3
56.2
57.2
58.9
58.7
58.6
57.1

Components of money stock measures and related items
U.S. Gov't.
NonTime and
savings deposits
bank thrift
deposits
Demand
(all member)
institutions
CD's
Other
Total
Deposits

1968--Dece mber
1969—December
-December
•-December

201.6
208.8
221.3
236.0

382.5
392.3
425.2
473.8

-January
February
March
April
May
June
July
August
September
October
November
December

236.2
239.1
241.4
243.0
243.8
245.1
247.7
248.6
250.1
251.6
252.7
255.5

477.9
483.9
488.9
492.1
495.5
499.3
504.5
508.4
512.1
516.4
519.8
525.1

735.7
746.0
754.8
761.5
767.9
775.1
784.0
791.6
799 .1
807.0
813.7
822.0

52.9
53.7
53.6
53.9
54.2
54.4
54.6
54.8
55.3
55.7
56.2
56.8

183.3
185.8
187.7
189.1
189.6
190.7
193.1
193.8
194.8
195.9
196.5
198.7

33.2
33.7
33.8
35.2
36.8
37.5
38.3
39.1
39.8
40.0
41.2
43.2

241.7
244.8
247.5
249.1
251.8
254.2
256.8
259.8
262.0
264.8
267.1
269.6

274.9
278.6
281.3
284.3
288.6
291.7
295.0
298.9
301.9
304.8
308.4
312.8

257.8
262.1
265.9
269.4
272.4
275.7
279.6
283.3
286,9
290.6
293.9
296 .9

6.3
4.6
5.7
6.8
7.5
6.2
5.2
4.5
5.1
6.3
6.9
6.5

•-January
February
March•
April
May
June
July
Aug
Sept
Oct p
Nov p

255.4
256.7
256.6
258.2
260.5
263.2
264.3
263.9
263.4
264.4
266.8

527.9
530.5
532.6
536.2
540.6
545.3
547.6
550.5
552.3
557.1
562.5

828.8
834.9
839.6
845.6
852.0
859.4
863.4
866.4
868.8
875.4
882.6

57.0
57.5
57.9
58.7
59.0
59.4
59.5
59.7
60.1
60.3
60.8

198.4
199.3
198.7
199.5
201.6
203.9
204.9
204.2
203.3
204.0
205.9

44.4
48.8
54.9
58.7
61.7
62«<0
64.5
67.0
66.8
63.4
61.1

272.5
273.8
276.0
278.0
280.1
282.0
283.3
286.6
288.9
292.9
295.8

316.9
322.6
330.9
336.7
341.8
344.1
347.7
353.6
355.6
356.1
356.8

300.8
304.4
307.0
309.4
311.4
314.1
315.8
315.9
316.6
318.2
320.0

7.1
7.2
7.5
5.8
4.6
5.1
3.4
4.2
5.1
6.6
6.0

266.4
267.0
267.6
265.4

561.5
562.9
562.9
561.4

n.a.
n.a.
n.a.
n.a.

60.6
60.8
61.1
60.8

205.9
206.2
206,5
204.6

61.7 • 295.1
60.8
295,9
60.8
295.3
61.1
296.0

356.8
356.7
356.2
357.1

n.a.
n.a.
n.a.
n. a,

6.4
6.5
5,7
5.5

Turnover
outside
N.Y. City
(per cent)

60.2
60.1
59.2

62.1
61.8

64.3
65.9
67.6
66.4
67.2

68.6
71.2
73.6
72.4
74.6
n.a.

nd ing:
1973Nov

1/

7
14
21
28

*

n.a.
n.a.
n.a.
n.a.

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.

2/

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.
Digitized
FRASER Mg, plus the average of the beginning and end of month deposits of mutual savings banks and savings and loan shares.
3/ forIncludes



+•

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 Deposits

U.S. Shortterm
marketable
Treasury
securities
10

Period

Total
liquid
assets
1

2

3

4

1965--Dec.
1966--Dec.
1967--Dec.
1968--Dec.
1969--Dec .
1970--Dec .
1971--Dec .

561.0
590.6
640.7
699.1
730.9
781.5
865.7

451.0
473.7
520.4
563.2
582.2
630.7
719.3

36.3
38.3
40.4
43.4
46.1
49.1
52.6

119.1
121.1
129.4
139.4
143.6
151.5
161.3

125.2
136.9
156.3
174.4
177.2
198.7
233.4

170.4
177.3
194.2
205.9
215.4
231.4
272.0

110.0
117.0
120.4
135.9
148.7
150.8
146 .4

14.9
14.5
19.1
22.4
9.0
23.0
29.8

8.8
10.4
14.9
23.4
22.6
21.5

1972-nJuly
Aug.
Sept.
Oct.
Nov.
Dec .

927.3
935 .9
944.4
953.3
963.8
975.8

775.7
783.3
790.9
799.1
805.9
814.6

54.6
54.8
55.3
55.7
56.2
56.8

169.5
170.2
171.2
172.1
172.7
174.7

251.9
254.9
257.0
259.8
262.2
264.8

299.6
303.4
307.4
311.5
314.9
318.2

151.6
152.5
153.5
154.2
157.8
161.2

35.2
36.1
36.7
36.6
37.5
39.2

21.9
21.5
21.3
21.0
21.5
21.6

38.9
39.1
39.4
40.2

322.7
326.6
329.5
332.3
334.6
337.7
339.6
339.7
340.5
342.3
344.1

160.1
163.0
169.3
173.2
177.9
179.5
184.0
189.4

39.9
44,0
49.8
53.6
56.4
56.4
59.0
61.5

21.6
20.5
19.4

19.4
20.3
21.5

41.5
40.9
42.2
42.6
44.2
45.0
45.7
47.2

191.9
188.9
187.1

57.5
55.1

61.1

22. 6
23.0
23.1

48.9
48. 8
49.2

Total

Currency

Demand
deposits

Commercial
banks
5

1973--Jan.
Feb.
Mar.
Apr.
May
June
July

981.4
990.5
1,002.0
1,012.2
1,023.4
1,032.6
1,041.1

821.2
827.5
832.6
839.0
845.5
853.1
857.1

57.0
57.5
57.9
58.7
59.0
59.4
59.5

173.9
174.6
174.2
175.3
177.1
179.2
179.9

Aug.

1,049.2

859.8

179.0

Sept.r
Oct. r
Nov. p

1,054. 1
1,057.7
1,063.4

86:.2
868. 8
876.3

59.7
60.1
60.3
60.8

267.6
268.9
271.0
272.8
274.8
276.9
278.1
281.4

177.9
178. 8
181.0

283.7
287.4
290.4

For description of items, and computation of ratios see Table 14-C




Thrift
institutions

Total

6

Negotiable
CD's

Commercial
paper

8

6.8

18.8
18.8

38.7
43.6
39.9
47.2
65.3
53.8
41.5

42.1
43.4

\
TABLE 12-B

Period

Currency
and demand
deposits to
liquid assets
_I2_

Bank
liability
to liquid
assets
12-

Time deposits
at thrift
institutions to
liquid assets
_14_

Liquid
assets
to GNP
_Li.

Currency
and demand
deposits
to GNP
_L6_

1965--Dec.
1966-Dec.
1967--Dec.
1968-Dec.
1969--Dec.
1970-Dec.
1971--Dec.
1972-D6c.

27.7
27.0
26.5
26.2
25.9
25.7
24.7
23.7

46.2
46.1
47.6
48.1
45.1
47.8
49.0
49.1

30.4
30.0
30.3
29.5
29.5
29.6
31.4
32.6

78.9
77.3
77.6
77.5
77.3
77.4
79.0

22.1
21.2
20.8
20.4
20.2
20.1
19.9
19.4

1973-March
June
September

23.2
23.1

49.4
49.6
49.6

32.9
32.7
32.3

80.2
80.5
80.4

18.8
18.6
18.3

1972--Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.

24.5

49.1
49.2
49.2
49.2
49.2
49.2
49.2
49.3
4-9.2
49.1
49.0
49.1

31.6
31.8
31.9

32.1
32.2
32.3
32.4
32.6
32.7
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.
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.

49.1
49.2
49.4
49.6
49.7
49.6
49.7
49.7
49.6
49.5
49.5

32.9
33.0
32.9
32.8
32.7
32.7
32.6
32.4
32.3
32.4
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.
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.


22.6
24.6

24.6
24.5
24.3
24.2
24.2
24.0
24.0
23.9
23.7
23.7
23.5
23.4
23.2
23.1
23.1
23.1
23.0

22.8
22.6
22.6

22.7

32.0

80.2




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 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 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.