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February 17, 1972 L.4.3 * Not for Publication BANKING A N D MONETARY DEVELOPMENTS January 1972 Banking Section Division of Research and Statistics Board of Governors of the Federal Reserve System TABLE 1 Changes in Commercial Bank Credit, and Time Deposits Money Stock, Seasonal]Ly adjusted annual rates (per cent) 1969 1970 1971 Second Second 4th Year Year Year Half Year Qtr. Half Jan. 11.0 2.9 8.4 13.5 10.8 9.5 8.9 17.1 U.S . Gov't. sec . 2.9 -15.7 12.6 15.2 4.0 -8.0 2.7 -9.9 Other securities 16.3 20.6 29.1 20.0 15.1 17.7 20.8 Loans 11.6 8.2 4.5 8.9 9.1 11.2 7.2 21.5 11.1 10.6 3.8 7.0 6.2 8.0 1968 Total bank credit Business Loans - - 1972 3.1 Adjusted for loan sales to bank affiliates Total bank credit Loans Business Loans Money stock Time deposits 11.0 3.9 8.1- 11.6 9.7 11.1 13.3 7.8 3.2 11.3 -4.9 10.8 10.7 9.3 8.7 17.5 4.1 5.1 9.0 11.0 7.0 21.6 3.3 -1.1 5.6 7.4 -1.0 4.1 5.2 6,2 2.4 1.1 3.7 26.3 17.9 12.2 15.9 20.0 5.4 • 17.9 TABUS 2 Loans and Investments at All Commercial Banks (Seasonally Adjusted) Date Loans Total ( I n b i l l i o n s U.S. Gov 1 1. securities of d o l l a r s Other securities ) 1968—Dec. 1969--Dec. 31 312/ 390.6 402.1 258.2 279.4 61.0 51.5 71.4 71.2 1970--Sept. Oct. Nov. Dec. 30 28 25 31 424.3 426.2 429.3 435 . 9 288.4 289.1 290.0 292.0 56.8 56.3 56.3 58.0 79.2 80.8 83.0 85.9 440.7 446.1 3/ 449.5 452 .5 456.1 461.1 58.9 60.8 61.1 60.7 60.4 62.8 463.7 468.4 472.4 476.5 478.4 482.9 293.7 295.7 296.5 298.2 300.7 302.4 301.7 304.1 309.7 313.0 316.4 317.5 318.6 61.6 60.9 59.9 59.1 58.9 60.3 88.1 89.6 91.9 93.5 95.1 95.9 96.6 98.0 97.8 99.5 101.0 102.0 103.9 489.8 324.3 59.8 105.7 1971--Jan. Feb. Mar Apr. May June 27 24 31 28 26 30 (old) (new) July 28 Aug. 25 Sept. 29 p Oct. 27 p Nov. 24 p Dec. 31 p 1972--Jan. 1/ 27 26 p Adjusted to exclude domestic commercial interbank loans. P ~ Preliminary* e - Estimated. Beginning July 1969, bank credit data are revised to include all bank premises subsidiaries and other significant majority-owned domestic subsidiaries; earlier data for commercial banks only. Also total loans and investments are now reported gross of valuation reserves rather than net as previously reported. Individual loan items have always been reported gross. 3/ Includes $800 million System matched sale-purchase transactions outstanding on Feb. 24. 4/ Beginning June 30, 1971, Farmers Home Administration insured notes totaling approximately $700 included yn other securities; prev^usly they had been included in real estate leans. http://fraser.stlouisfed.org/ ' million # W W # • # # # # Federal Reserve Bank of St. Louis TABIE 3 LOANS SOLD OUTRIGHT BY COMMERCIAL BANKS AND BANK CREDIT ADJUSTED FOR SELECTED LOAN SALES Loans sold outright by commercial banks Date Business Total Loans Sold to Affiliates 1/ Business Loans Total Commercial bank credit Sold to nonbank public 21 Business Total Loans Total loans and investments Original Adiusted 3/ 1970--Sept. Oct. Nov. Dec. 30 28 25 31 6.9 6 .2 5 .6 4.9 4.2 3.7 3.2 2.5 5.2 4.4 3.8 3.0 3.7 3.2 2.7 2.1 1.7 1.8 1.8 1.9 0.5 0.5 0.5 0.4 424.3 426.2 429.3 435.9 429.5 430.6 433.1 438.9 1971--Jan. Feb. Mar. Apr. May June June July Aug. Sept. Oct. Nov. Dec. 27 24 31 28 26 30 30 28 25 29 27 24 31 4.9 4.8 4.7 4.6 4.7 5.1 2.5 2.5 2.3 2.3 2.3 2.3 3.0 2.9 2.9 2.7 2.8 3.1 1.8 1.8 1.6 1.6 • 1.6 1.9 1.9 1.9 1.8 1.9 1.9 2.0 0.4 0.4 0.4 0.4 0.4 0.4 440.7,/ 446.1 449.5 452.5 456.1 461.1 443.6,, 449.0=-' 452 .4 455.2 458.9 464.1 2 .2 2.3 2.3 2 .2 2.2 2.0 2.8 2.8 3.0 p p p 4.8 4.8 5.0 4.9 4.9 4.7 2 .8 2.9 1.8 1.8 1.9 1.8 1.8 1.6 2.0 2.0 2 .0 2.0 2.1 1.8 0.4 0.5 0.4 0.4 0.4 0.4 463.7 468.4 472.4 476.5 478.4 482.9 1972--Jan. 26 p 4 .6 2.1 3.0 1.7 1.6 0.4 489.8 (old) (new) . 109.7 109.5 109.4 110.1 113.4 112 .7 112 .1 112.3 110.4 111.3 111.2 111.9 112.9 112.4 112.5 113.4 113.1 113.8 114.8 114.3 466 .5 471.1 475.4 479.4 481.2 c 485.7 296 .5 298.2 300.7 302.4 301.7 304.1 309:7 313.0 316.3 317.5 318.6 296.6. , 298.6299.3 300.9 303.5 305.5 304.8 3 07.0 312.4 316.0 319.3 320.3 321.5 113.9 115.8 116.9 117 .3 116 .7 116.9 115.7 117.6 118.8 119.1 118.5 118.5 492 .8 324.3 327.3 117.2 118.9 30 28 25 31 -2.9 -0.7 -0.6 -0.7 -2.4 -0.5 -0.5 -0.7 2.8 -0.8 -0.6 -0.8 -2.3 -0.5 -0.5 -0.6 -0.1 0.1 5/ 0.1 -0.1 5/ -0.1 13.7 5.4 8.7 18.4 1971- -Jan. Fteb. Mar. Apr. May June July Aug. Sept. Oct. Nov. Dec . 27 24 31 28 26 30 28 25 29 27 24 31 5/ -0.1 -0.1 -0.1 0,1 0.4 -0.3 5/ . 0.2 -0.1 5/ 5/ -0.2 5/ 5/ 5/ -0.1 0.1 5/ -0.1 5/ 5/ -0.2 5/ 5/ 5/ -0.1 5/ 0.1 -0.1 -0.2 -0.2 5/ -0.1 5/ -0.2 0.1 0.3 -0.3 5/ 0.2 -0.1 -0.1 0.1 5/ 5/ -0.1 0.1 5/ 0.1 5/ 5/ 5/ 5/ 0.1 -0.3 5/ 5/ 5/ 5/ 5/ 5/ 5/ 0.1 -0.1 5/ 5/ 5/ 1972- -Jan. 26 -0.1 0.1 0.1 0.1 5/ -- 293.7 -0.2 ' 5/ c , 295.7-/ (Amm a l 1970- -Sept. Oct. Nov . Dec. -0.2 288.4 289.1 290.0 292.0 Business loans Original Adjusted 4/ 293.6 293.5 293.8 294.9 1 Net Chim g e (B LIlions <)f dollars — Total loans Original Adjusted 3/ rates iLn per cent) 5.6 3.1 7.0 16.1 11.3 2.9 3.7 8.3 -0.4 -0.4 1.2 4.5 7.9 -2.2 -1.1 7.7 -11.5 -7.4 -6.4 2.1 13.2 14.7 9.1 8.0 9.6 13.2 6.7 12.1 10.2 10.4 4.8 11.3 12.8 14.6 9.1 7.4 9.7 13.6 6.2 11.9 10.9 10.1 4.5 11.2 7.0 8.2 3.2 6.9 10.1 6.8 9.5 22.1 12.8 13.0 4.2 4.2 6.9 8.1 2.8 6.4 10.4 7.9 8.7 21.1 13.8 13.7 3.8 4.5 3.3 9.8 -1.1 7.6 10.7 -5.3 16.0 20.0 11.4 4.1 -6 .0 2.1 3.2 9.6 -3.2 7.4 10.5 -5.2 14.7 19.7 12.2 3.0 -6.0 17.1 17.5 21.5 21.6 3.1 4.1 - Corrected. p - Preliminary. e - Estimated. 1/ To bank holding companies affiliate's subsidiaries or foreign branches . 2/ 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. Includes $800 million System matches sale-purchase transactions outstanding on February 24. Beginning June 30, 1971, Farmers Home Administration insured notes totaling approximately $700 million are included in "other securities" ^ ^ ^ ^ ^ http://fraser.stlouisfed.org/ ^rather than in "^ytl estate loans I Federal Reserve Bank of St. Louis TABLE 3 - Supplementary LOANS SOLD OUTRIGHT BY COMMERCIAL BANKS AND BANK CREDIT ADJUSTED FOR SELECTED LOAN SALES Date Loans sold outright by commercial banks (outstsmding in b illions of dollars N.S.A.) Sold to Sold to Affiliates 1/ nonbank public 2/ Business Business Business Total Loans Total Loans Total Loans 1969 May June July Aug. Sept. Oct. Nov. Dec. 28 30 30 27 24 29 2631 2.0 2.8 3.7 4.2 4.7 5.9 6.1 5.3 1970 Jan. Feb. Mar. Apr. May June July Aug. 28 25 25 29 27 30 29 26 7.7 8.4 8.6 9.0 9.9 9.9 10.1 9.8 ••I!/ 1.7 2.4 2.7 3.0 3.9 4.1 3.2 1.5 2.1 2.8 3.3 3.8 4.8 4.8 3.9 1.3 1.9 2.2 2.5 3.3 3.4 2.6 5.1 5.8 6.0 6.4 7.1 7.2 6.9 6.6 6.0 6.6 6.8 7.2 8.1 8.1 8.2 8.0 4.4 5.0 5.3 5.6 6 .4 6.5 6.3 6.0 0,8 1/ Commercial bank credit (seasonally adjusted) Total loans and investments Original Ad lusted 3/ Total loans Original Adiusted 3/ Business loans Original Ad lusted 4/ 0.5 0.7 0.9 0.9 0.9 1.1 1.3 1.4 0.3 § ; 0.4 0.5 0.5 0.5 0.6 0.7 0.6 399.8 400.6 399.5 398.9 398.6 399.5 402.3 402.1 401.3 402.7 402 .3 402.2 402.4 404.3 407.1 406.0 271.0 271.9 271.6 272.1 273.6 275.6 277.8 279.4 272.5 274.0 274.4 275.4 277 .4 280.3 7*7.6 283.3 102.3 102.4 102.7 103.4 104.2 104.6 1 n 5.1 106.1 103.1 103.7 104.6 105.6 106.7 107.9 108.5 108.7 1.7 1.8 1.8 1.8 1.8 1.8 1.9 1.8 0.7 0.8 0.7 0.8 0.7 0.7 0.6 0.6 400.3 400.4 403.9 405.9 407.7 408.4 414.3 419.5 406.3 407.0 410.7 413.1 415.8 416.5 422.5 c 427.5 278.5 278.3 279.6 279.3 279.1 279.5 283.2 285.7 c 284.5 284.8 286.5 286.5 287 .2 287.6 291.4 293.7 105.2 105.2 105.2 105.4 105.6 106.4 107.1 108.5 109.6 110.2 110.5 111.0 112 .0 112 .9 113.4 114.5 Net Chim g e (Billions c)f dollars During month ending: June 30 July 30 Aug. 27 Sept. 24 Oct. 29 Nov. 26 Dec. 31 0.8 0.9 0.5 0.5 1.2 0.2 -0.8 0.6 0.7 0.3 0.3 0.9 0.2 -0.9 0.6 0.7 0.5 0.5 1.0 5/ -0.9 0.5 0.6 0.3 0.3 0.8 0.1 -0.8 0.2 0.2 5/ 5/ 0.2 0.2 0.1 0.1 0.1 5/ 5/ 0.1 0.1 -0.1 2.4 -3.3 -1.8 -0.9 2.7 8.4 -0.6 4.2 -1.2 -0.3 0.6 5.7 8.3 3.2 4.0 -1.3 2.2 6.6 8.8 9.6 6.9 6.6 1.8 4.4 8.7 12.5 9.9 3.0 1.1 3.5 8.2 9.3 4.6 5.7 11.4 1970 Jan. Feb. Mar. Apr. May June July Aug. 2.4 0.7 0.2 0.4 0.9 5/ 0.2 -0.3 1.9 0.7 0.2 0.4 0.7 0.1 -0.3 -0.3 2.1 0.6 6.2 0.4 0.9 5/ 0.1 -0.2 1.8 0.6 0.3 0.3 0.8 0.1 -0.2 -0.3 0.3 0.1 5/ 5/ 5/ 5/ 0.1 -0.1 0.1 0.1 -0.1 0.1 -0.1 5/ -0.1 5/ -5.4 0.3 10.5 5.9 5.3 c 2.1 c 17.3 c 15.1 0.9 2.1 10.9 7.0 7.8 c 2.0 c 17.3 c 14.2 -3.9 -0.9 5.6 -1.3 -0.9 c 1.7 c 15.9 c 10.6 5.1 1.3 7.2 -10.2 — — 2.3 2.3 c 9.1 cl5.7 cl3.3 28 25 25 29 27 30 28 25 http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louisto mainta 9/ AdWsted (Annual rates in per cent) comoarabilitiAjith subseauenWata. Corrects 2.9 c 1.6 c 15.9 c 9.5 7.0 10.4 11.5 12.5 13.5 6.7 2.2 9.9 6.6 3.3 5.4 10.8 c 9.6 c 5.3 c 11.6 TABLE 4 NONDEPOSIT SOURCES OF FUNDS AND METHODS OF FINANCE (Outstandings in billions of dollars) Date 1969 May 28 June 25 July 30 Aug. 27 Sept.24 Oct. 29 Nov. 26 Dec. 31 1970 Jan. 28 Feb. 25 Mar. 25 Apr. 29 May 27 June 24 July 29 Aug. 26 f Sept.30 Oct. 28 Nov. 25 Dec. 30 Total Total 12.7 16.8 19.4 19.6 19.1 19.4 20.9 19.6 10.9 14.3 15.6 15.9 15.5 14.8 15.9 14.5 21.5 21.5 » 20.5 20.6 21.7 21.5 19.8 19.5 15 .9 14.6 13-2 11.7 15.2 14.5 13.2 1 13.1 13.3 r 13.1* 11.3 11.5 10.6 10.3 9.4 8.6 Euro-dollars Through branches outside U.S. Territories Foreign and possessions 9.9 13.3 14.4 14.7 14.3 13.6 14.5 12.8 0.6 0.4 0.4 0.3 0.3 0.4 0.4 0.8 13.6 13.1 11.9 11.9 12.3 12.2 10.5 10.6 9.8 9.4 8.6 7.7 0.7 0.7 0.6 0.6 0.5 0.6 0.6 0.6 0.6 0.7 0.7 « 0.7 Through brokers and 1/ dealers | Direct^ 0.1 6/ 0.2 6/ 0.3 0.5 0.4 0.5 0.6 0.6 0.2 6/ 0.4 6/ 0.5 0.4 0.4 0.3 0.3 0.3 0.6 0.5 0.5 0.4 0.3 0.2 0.2 0.1 0.1 0.1 0.1 0.1 0.3 0.3 0.2 0.2 0.2 0.1 0.1 0.1 0.1 0.1 7/ V 7/ 1971 Jan. 27 Feb. 24 Mar. 31 Apr. 28 May 26 June 30 July 28 Aug. 25 Sept. 29 Oct. 27 Nov. 24 Dec. 29 10.2 9.1 6.4 5.7 5.1 5.2 5.2 4.9 6.0 6.6 7 .0 4.4 7.4 6.5 3.5 2.8 2.2 2.2 2.1 1.9 2.8 3.3 3.7 1.3 6.5 5.7 2.9 2.2 1.6 1.5 1.5 1.4 2.5 2.9 3.3 0.9 0.8 0.8 0.6 0.6 0.6 0.6 0.6 0.5 0.4 0.4 0.4 0.4 1/ 7/ 7/ 7/ 7/ 7/ 7/ %/ 7/ 7/ 7/ 7/ 7/ 7/ 7/ 7/ 7/ 7/ 7/ 7/ 7/ 1972 Jan. 26 5.0 1.8 1.4 0.3 v.. 7/ 2/ 3/ 4/ 5/ 6/ ]_/ 1/ 7/ . Commercial paper 2/ 0.8 1.2 1.9 ' 2.2 2.6 3.7 • 4.2 • 4.3 1.0 1.3 2.0 1.5 1.0 0.9 0.8 0.8 0.4 0.4 0.7 0.6 0.5 0.5 0.5 0.6 0.6 0.8 1.3 0.9 0.5 0.4 0.3 0.2 0.1 0.1 0.1 0.2 0.2 0.2 0.2 0.3 7/ 0.1 0.1 0.1 0.2 0.2 0.2 0.1 5.5 6.1 6.5 6.7 7.6 7.6 7.8 7.3 4.6 3.7 3.1 2.3 0.8 0.9 0.8 0.8 0.8 0.7 0.7 0.7 0.7 0.6 0.7 0.7 0.6 0.7 0.7 0.7 0.7 0.7 0.7 0.7 0.7 0.6 0.7 0.7 0.2 0.2 0.1 0.1 0.1 0.1 0.1 0.1 7/ 7/ 7/ If 0.3 0.3 0.3 0.3 0.3 0.3 0.3 0.3 0.3 0.3 0.3 0.3 0.2 0.3 0.4 0.4 0.5 0.5 0.6 0.5 0.5 0.5 0.4 0.2 2.0 1.9 1.7 1.8 1.7 1.7 1.8 1.8 1.9 2.0 2.0 2.0 0.7 0.7 1.2 1.1 1.2 1.3 1.3 1.3 1.3 1.3 1.3 1.2 0.7 0.7 1.1 1.1 1.2 1.1 1.1 1.1 1.1 1.1 1.1 1.0 7/ 7/ 7/ 7/ 7/ 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.3 0.3 0.3 0.3 0.3 0.3 0.3 0.3 0.3 0.3 0.3 0.3 0.2 0.3 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2 2.1 1.2 1.0 0.2 0.4 0.3 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. Patly estimated. Less than $50 million. Loans sold under repurchase agreement 3/ To the Customer To bank nonbank, guaranteed Ineligible Total affiliates-^ public— paper acceptances These Data Are Not for Publication. TABLE 5 Loans at All Commercial Banks Seasonally Adjusted Date Business ( I n Real Estate b i 1 1 i o n s Consumer o i Security Nonbank , financial Agriculture d o l l a r: s ) 1966--Dec. 1967 --Dec. 1968--Dec. 1969--Dec . Dec . 31 31 31 31 31 78.6 86.3 95.9 106.1 53 .8 58 .4 64 9 • 2/ 70 .3^ (old) 69 .8 (new) 38.2 40.0 44.8 48.1 7.9 9.2 10.2 9.1 12 .0 11 .3 12 .4 / 13 .1- (old) 13 .6 (new) 8.7 9.5 10.0 10.6 1970--Sept. Oct. Nov. Dec . 30 28 25 31 109.7 109.5 109.4 110.1 71 .2 71 .5 71 .8 72 , .3 49.4-/ 49.6 49.5 49.7 9.1 9.7 9.5 10.3 14 .7 14 .5 14 .7 14 .3 11.3 11.3 11.4 11.4 27 24 31 28 26 30 (old) (new) July 28 Aug. 25 Sept. 29 p Oct. 27 p Nov. 24 p Dec. 31 P 110.4 111.3 111.2 111.9 112 .9 112.4 50.0 50.2 50.4 50.6 50.9 51.1 10.3_, 10.5^ 9.9 9.3 8.8 9.5 14 .9 15,.0 15 .2 15.4 15,.8 15.,9 11.3 11.4 11.6 11.7 11.8 12 .0 113.9 115.8 116.9 117.3 116.7 116.9 72 , .8 73 .4 74,.0 74,.7 75,.5 76.6,, 75 , .9' 76..7 77.6 78.,5 79..3 80.,2 81 .1 51.5 52.1 52.8 53.3 54.0 r 54.7 9.0 9.7 10.6 10.6 10.5 10.0 15,.8 16.,0 15..3 15.6 15,J 15 .3 12 .1 12.2 12 .3 12 .3 12.5 12.5 117.2 82.,0 55.3 11.8 16.,5 12.6 1971--Jan. Feb. Ma r. Apr . May June 1972--Jan. 26 p p - Preliminary r - Revised Data are comparable with previous months. Individual loan items are gross throughout and the effect of consolidation in June 1969 on any one loan item was nominal. 2_/ 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. 3/ Consumer credit data adjusted in July to exclude about $500 million of consumer paper sold by finance companies to the banking system but classified as loans to nonbank financial institutions on bank records. Subsequent repayments are also included in loans to nonbank financial institutions. 4/ Includes $800 million System matched sale-purchase transactions outstanding on Feb. 24. 5_/ Beginning June 30, 1971, Farmers Home Administration insured notes totaling approximately $700 million are included in other securities; previously, they had been included in real estate loans. \! These' data are not for publication. • ^^ TABLE 6 Changes in Loans and Investments at All Commercial Banks, Seasonally Adjusted (In billions of dollars) Dec . 1972 1971 1970 Item Jan. Feb. March April May June July Aug. Sept. p Oct. p Nov. p Dec . p Jan. p Loans and Investments 2/ +6.6 +4.8 +5 A ~ +3.4 +3.0 +3.6 +5.0 +2.6 +4.7 44.0 +4.1 +1.9 +4.5 +6.9 U. S. Gov't, securities +1.7 +0.9 +1.9 +0.3 -0.4 -0.3 +2.4 -1.2 -0.7 -1.0 -0.8 -0.2 +1.4 -0.5 Other securities +2.9 +2 .2 +1.5 +2.3 +1.6 +1.6 | +0.8-/ +1.4 -0.2 +1.7 +1.5 +1.0 +1.9 +1.8 Loans 2/ +2.0 +1.7 +2.0^ +0.8 +1.7 +2.5 +1.7-/ +2.4 +5.6 *+3.3 +3.4 +1.1 +1.1 +5.7 Bus iness +0.7 +0.3 +0.9 -0.1 +0.7 +1.0 -0.5 +1.5 +1.9 +1.1 +0.4 -0.6 +0.2 +0.3 Real estate +0 .5 +0.5 +0.6 +0.6 +0.7 +0.8 +1.1^ +0.8 +0.9 +0.9 +0.8 +0.9 +0.9 Consumer +0.2 +0.3 +0.2 +0.2 +0.2 +0.3 +0.2 +0.4 +0.6 ' +0.7 +0.5 +0.7 r+0.7 +0.9 1 ' +0.6 Security +0.8 1/ +0.2-/ -0.6 -0.6 -0.5 +0.7 -0.5 +0.7 +0.9 1/ -0.1 -0.5 +1.8 Nonbank financial -0.4 +0.6 +0.1 +0.2 +0.2 +0.4 +0.1 -0.1 +0.2 -0.7 +0.3 +0.1 -0.4 +1.2 1/ -0.1 +0.1 +0.2 +0.1 +0.1 +0.2 ! +0.1 +0.1 +0.1 1/ +0.2 1/ +0.1 All other +0.2 +0.1 -0.1 +0.2 +0.4 +0.4 -0.1 +0.2 +1.2 +0.3 +1.4 -0.1 r+0.2 +0.8 Total loans excluding security 3/ +1.2 +1.7 +1.8 +1.4 +2.3 +3.0 +1.0 +2.9 +4.9 +2.4 +3.4 +1.2 +1.6 +3.9 Total loans excluding security and nonbank financial 3/ +1.6 +1.1 +1.7 +1.2 +2.1 +2.6 +0.9 +3.0 +4.7 +3.1 +3.1 +2.0 +2.7 Agriculture 1/ 2/ 3/ 4/ ~~ ; l + i a Less than $50 million. Adjusted to exclude domestic interbank loans. Includes $800 million System matched sale-purchase transactions on February 24. Beginning June 30, 1971, Farmers Home Administration insured notes totaling approximately $700 million are included in other securities; previously they had been included in real estate loans. Changes have been adjusted to take account of this reclassification, TABLE 6-A Changes in Loans and Investments at All Commercial Banks, Seasonally Adjusted Adjusted for Loans Sold to Affiliates (In billions of dollars) 1970 | 19/1 Item Dec. Jan. Feb. Loans and Investments 2/ +5.8 44.7 U. S. Gov't, securities +1.7 Other securities Loans 2/ Business 1972 March April May June July Aug. +5.4-/ +3.4 +2.8 +3.7 +5.2 +2.4 +4.6 +0.9 +1.9 +0.3 -0.4 -0.3 +2.4 -1.2 +2.9 +2.2 +1.5 +2.3 +1.6 +1.6 +0.8-/ +1.1 +1.7 +2.0^ +1.7 +1.6 +2.6 +0.2 +0.3 +0.9 -0.3 +0.7 +1.0 Sept. p Oct. p Nov. p Dec . p +4.3 +4.0 +1.8 +4.5 +7.1 -0.7 -1.0 -0.8 -0.2 +1.4 -0.5 +1.4 -0.2 +1.7 +1.5 +1.0 +1.9 +1.8 +2.0^- +2.2 +5.4 *+3.6 +3.3 +1.0 +1.2 +5.8 -0.5 +1.4 +1.9 +1.2 +0.3 -0.6 1/ +0.4 Jan. p Real estate Consumer Security NOT AVAI:.ABLE Nonbank financial Agriculture All other Total loans excluding security 3/ Total loans excluding security and nonbank financial 3/ JL/ 2/ 3/ 4/ i Less than $50 million. Adjusted to exclude domestic interbank loans. Includes $800 million System matched sale-purchase transactions on February 24. Beginning June 30, 1971, Farmers Home Administration insured notes totaling approximately $700 million are included in other securities; previously they had been included in real estate loans. Changes have been adjusted to take account of this reclassification. http://fraser.stlouisfed.org/ • Reserve Bank of #St. Louis Federal e • # e • # e • " # TABLE 7 Changes in Loans and Investments at All Commercial Banks, at Weekly Reporting Banks, and at Other Banks, Not Seasonally Adjusted Adjusted for Loans Sold (In billions of dollars) End of Decernber to last Wednesdav of Januarv Item 1972 p 1971 1970 1969 1968 1967 1966 All commercial banks 2/ Total loans U. S. Gov't, securities Other securities Total + - 5.0 1.7 0.4 6.3 + - 8.2 0.2 1.0 7.3 - 8.5 - 1.7 - 0.7 -11.0 - 6.1 1.3 1.0 8.4 + - 4.0 0.3 0.2 4.0 + - 4.5 0.2 0.6 4.1 + - 4.7 0.1 0.5 5.0 All Large Banks 2 / 3 / Total loans U. S. Gov't, securities Other securities Total - 4.5 1.1 0.1 5.8 + - 6.8 0.4 0.4 6.8 - 6.3 1.5 0.6 8.3 - 5.1 1.7 0.8 7.6 + - 2.9 0.7 0.4 3.2 + - 3.8 0.3 0,8 3.4 - 3.5 0.6 0.3 4.4 Other banks 2 / 3 / Total loans U. S. Gov't, securities Other securities Total + - 0.4 0.6 0.5 0.5 + + - 1.3 0.2 0.6 0.6 - 2.2 0.3 0.1 2.6 + - 0.9 0.4 0.2 0.8 + - 1.2 0.4 0.1 0.8 + - 0.7 0.1 0.2 0.7 + - 1.2 0.7 0.2 0.6 Year ended Decernber Item 1971 d~"7 1970 1969 1969 1967 1966-/ 1965 All commercial banks 2/ Total loans U. S. Gov't, securities Other securities Total +27.9 +11.0 + 2.8 + 6.5 +17.3 . +14.4 +48.0 +31.9 +22.1 - 9.9 1/ +12.2 +26.9 + 2 .0 +10.1 +38.9 +17.6 + 6.3 +12.7 +36.6 +17.7 - 3.4 + 3.0 +17.2 +25.3 - 3.4 + 6.1 +27.9 All Large Banks 2/ 3/ Total loans U. S. Gov't, securities Other securities Total +11.8 + 0.3 + 7.6 +19.7 + 4.5 + 4.4 + 8.3 +17.3 +10.4 - 5.6 - 3.1 + 1.7 +16.7 + 0.5 + 5.3 +22.5 + 8.7 + 3.6 + 7.3 +19.5 + + 9.4 2.0 0.5 7.0 +15.5 - 3.3 + 2.6 +14.8 Other banks 2/ 3/ Total loans U. S. Gov't, securities Other securities Total +16.1 + 2.5 + 9.7 +28,3 + 6.5 + 2.1 + 6.0 +14.6 +11.7 - 4.3 + 3.1 +10.5 +10.2 + 1.5 + 4.8 +16.4 + 8.9 + 2.7 + 5.4 +17.0 + 8.3 - 1.4 + 3.5 +10.2 + 9.8 - 0.1 + 3.5 +13.1 NOTE: Data exclude domestic interbank loans; Call report data for large banks used when available. Loans adjusted to include all loans sold to bank holding companies, affiliates, subsidiaries, or foreign branches. _1/ Less than $50 million. 2/ Based on revised reporting beginning July 1959. Changes have been adjusted to maintain comparability of series. 3/ Based on revised coverage beginning July 1966, and January 1967, 1968, 1969, 1970, 1971, and 1972. 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. 5/ Allowance has been made in monthly changes in total loans and in other securities for approximately $1 billion of participation certificates shifted from loans to other securities at the end of June; $700 million were at weekly reporting and $300 million at nonweekly reporting. Allowance has been made in monthly changes in total credit and in total loans for the $1.1 billion of balances accumulated for the payment of personal loans excluded from time deposits and from loans on June 9; $400 million were at weekly reporting banks and $700 million at other banks. TABLE 8 Changes in Commercial and Industrial Loans at Large Commercial Banks (In millions of dollars) Late December Late December to late December : 2/ :o late :Fanuarv 1/ Business of borrower 1972 p 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 37 Communication 3/ Other public utilities Construction All other types of business Bankers acceptances Services Zj Other Foreign business concerns 3»/ Classified Unclassified Total Change 1/ 2/ ~~ 3/ 1971 333 94 + 46 2 273 118 167 71 47 106 414 369 16 48 186 215 110 11 102 95 115 137 43 30 159 . - , 130 53 118 127 79 125 25 201 + 221 + 97 116 + + 9 88 + 113 17 42 114 454 451 325 182 23 + 157 112 152 + 35 11 -2 ,028 -1 ,775 64 89 -2 ,117 -1 ,839 - - - 1970 1969 - 398 10 280 187 83 + 155 + 38 + 34 + 81 + 2 13 + 315 204 36 30 23 281 + 8 85 204 + 54 74 125 + 27 + 24 33 858 297 -1 ,255 287 65 513 316 197 284 33 - 244 + 15 22 70 - 120 - 113 - 129 63 - 253 - 527 - 119 - 218 - 190 - 115 - 652 125 - 251 - 276 - 113 -3,304 - 287 -3,591 - - 1968 260 77 28 + 23 51 198 + 8 54 73 79 27 20 33 84 47 + 45 254 + 11 46 219 26 171 54 + 35 152 18 -1 ,198 98 -1 ,296 - - 1970 1971 - 200 + 302 + 704 + 7 + 697 -1,718 - 158 -1,080 - 251 - 229 31 - 293 - 535 77 - 149 - 225 6 - 362 17 + 373 + 367 +1,915 + . 606 + 416 + 893 + 820 + 874 +1,057 +1,931 1969 149 189 3 135 + 132 234 + 61 497 + 297 95 19 192 65 + 39 86 834 -1 ,184 + 264 231 -1 ,217 + 269 +1 ,342 + 983 + 378 19 + 171 756 871 + 115 + + 276 + 206 + 342 + 144 + 198 +2,708 + 194 +1,317 + 712 + 153 + 150 + 115 + 362 + 332 + 314 + 126 +1,610 + 556 + 360 + 694 + 224 +2,220 +1,044. 20 +1,196 - 356 +7,955 + 374 +8,329 - + 1968 + 219 + 279 824 + + 510 + 314 +1 ,096 + 515 + 319 + 108 + 154 + 438 + 49 + 142 + 187 + 42 + 527 +1 ,408 + 773 + 180 + 455 + 425 +1 ,605 475 + 980 +1 ,100 146 +6 ,537 + 678 +7 ,215 1967 + + + 38 200 143 21 + 164 + 742 + 540 + 257 183 + 128 113 + 128 + 226 + 33 + 256 + 359 +1 ,077 + 701 + 227 + 149 93 +1 ,617 + 668 + 168 + 781 132 +U ,481 + 590 +5 ,071 Four most comparable weeks used throughout. Changes are compiled from December 30, 1970; December 31, 1969; December 2 5 1968; December 2 7, 1961\and December 28 1966. These data cannot be linked with all commercial bank data which are always for December 31. Prior to 1967, transportation, communication, services, and foreign loans were not reported separately. http://fraser.stlouisfed.org/ • Reserve Bank of•St. Louis Federal e # # e # e # e # TABIE 9 Gross Loans and Investments at All Commercial Banks (In billions of dollars) Loans and Investments Date Other U.S. Gov't. Securities Total Loans Business Real Estate Security Nonbank Financial Institutions Farm All Other 1964--Dec. 1965--Dec. 1966--Dec. 1967--Dec . 1968--Dec. 1969--Dec. 31 31 31 30 31 31 3/ 279.2 307.6 324.0 1/ 360.8 400.4 412.1 63.0 59.5 56.2 62.5 64.5 54.7 177.4 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 60.2 71.4 80.6 88.5 98.4 108.8 43.7 49.3 54.0 58.5 65.1 70.0 4/ 8.4 8.5 9.0 10.5 11.8 10.7 7.5 8.2 8.6 2/ 9.3 9.7 10.3 31.0 35.7 38.3 40.0 44.9 48.2 10.9 13.3 13.3 12.5 13.7 15.1 15.7 16.8 15.3 17.5 20.7 22.9 1970--Jan. Feb. Mar. Apr. May June July Aug. Sept. Oct. Nov. Dec. 28 25 25 29 27 30 29 26 30 28 25 31 399.1 397.2 400.5 404.8 405.3 411.7 414.1 416.8 424.7 425.6 429.3 446.8 53.0 51.4 51.5 52.3 52.6 51.6 53.5 55.1 55.8 57.2 58.3 61.7 70.6 70.8 72.7 74.3 74.3 75.6 75.7 77.1 79.5 81.0 82.5 86.1 275.6 275.0 276,3 278.2 278.4 284.5 284.9 284.7 289.5 287.5 288.4 299.0 104.1 104.1 105.0 105.6 105.3 108.6 107.4 107 .1 109.6 108.5 108.9 113.0 70.1 70.1 70.1 70.2 70.3 70.6 70.8 71.1 71.6 71.9 72 .2 72.5 8.2 8.3 8.8 8.8 8.6 7.9 8.4 8.9 9.3 9.4 9.1 12.1 10.4 10.5 10.6 10.8 11.1 11.2 11.3 11.4 11.4 11.3 11.2 11.2 48.0 47.8 47.8 48.1 48.4 49.0 49.3 49.6 49.8 49.8 49.5 49.9 12.7 12.4 12.2 12.7 12.3 14.4 14.9 14.4 15.1 14.3 14.3 15.9 22.1 21.8 21.8 22.0 22.4 22.9 22.8 22.2 22.7 22.3 23.2 24.5 87.1 88.9 91.5 94.2 94.9 '96 .7 97.4 109.2 110.3 111.3 111.8 112.7 114.6 10.1 9.9 10.0 9.1 8.5 9.7 11.0 11.2 11.5 11.7 12 .0 12.2 49.6 49.5 49.7 50.3 50.8 51.4 14.5 14.3 15.2 15.2 15.4 17.0 23.8 23.9 23.3 24.3 25.4 26.5 114.1 114.8 116 .6 116.3 116.3 119.9 72.7 73.0 73.6 74.3 75.2 76.5 75.8 76.8 77.8 78.9 79.8 .. 80.6 81.3 8.8 9.5 10.2 10.3 10.2 11.8 12.4 12.5 12.5 12.3 12.3 12.2 51.9 52.6 53.2 53.6 54.1 r54 .9 15.7 15.6 15.6 15 3 15.3 16.9 25.9 26.5 26.4 26.9 27.2 • 29.3 116.0 81.9 11.6 12.3 54.9 16.0 28.5 t 1971—Jan. Feb. Mar. Apr. May June 27 24 31 28 26 30 (old) 7/ (new) July 28 Aug. 25 Sept. 29 p Oct. 27 p Nov. 24 p Dec. 31 p 1972--Jan. NOTE: 26 p 463.0 466.1 472 .0 475.8 478.5 494.9 59.3 58.7 58.7 60.0 61.1 64.6 98.1 99.9 101.3 101.4 104.1 290.9 292.1 6/ 294.6 296.7 300.0 307.8 307.1 305.6 309.3 313.4 314.5 316.0 326.3 488.5 62.8 104.5 321.2 439.5 442.4 6/ 447.7 450.9 453.6 464.8 61.5 61.4 61.6 . 60.0 58.8 60.3 98.2 Data «clide"domestlc Interbank loans. Consumer and "other loans" were partly estimated for all dates. Other data are partly estimated on all but June 1/ Beginning 0 June 1 9, 1966, $1.1 billion of balances accumulated for the payment of personal loans were deducted from time deposits and "all Other" 2/ Beginning June 30, 1966, about $1 billion of participation certificates previously included in agricultural and "all other" loans were reclassified 3/ Data°revised C 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 -m. s, previously are m ^ e , m o ^ secum*,, they had been included in real estate loans. Individual loaiin^yteeorv data are a y - lab le for m b l i c a ^ o n only on a June ^ d December Call d a W basis TABLE 10 Ratios to Total Deposits V L O A N S D A T E All commercial banks 1955--Dec. 1956--Dec. 1957--Dec. 1958--Dec. 1959--Dec. 1960--Dec. 1961--Dec . 1962--Dec. 1963--Dec . 1964--Dec. 1965--Dec . 1966--Dec . 1967--Dec . 1968--Dec . 1969--Dec . 31 31 31 31 31 31 31 28 25 31 31 31 30 31*,/ 31*— M e m b e r B a n k s Reserve City Banks New York City of City ,Total Chicago Other Country U.S. Government securities maturing within one year All Commercial Banks 45.8 46.7 48.8 50.1 49.7 51.0 48.4 49.4 54.0 55.6 56.5 55.1 54.5 55.7 56.5 57.7 58.6 59.9 60.5 61.9 63.7 65.4 65.8 67.9 63.8 65.8 64.7 (63.7) 66.8 72.0 (69.8) 75.7 56.7 61.7 61.9 57.7 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). 46.3 52.7 55.2 49.4 58.2 60.8 58.0 61.4 62.1 64 ..4 70.2 77.0 70.8 75.1 89.5 48.5 52.7 53.3 51.3 58.2 59.0 57.7 60.1 63.3 65.0 68.7 70.2 68.1 69.1 79.5 40.7 42 .6 44.1 44.4 48.2 50.3 50.2 51.7 53.8 56.0 57.9 59.2 58.2 58.2 62.8 5.1 7.5 8.4 8.3 7 .4 8.7 11.2 9.5 7 .5 8.0 7.3 6.1 6.4 6.1 5.0 73.2 73.4 73.0 72.7 72.9 71.8 72.0 71.1 70.2 69.7 69.3 67.3 102.9(84.5) 103.9(86.3) 103.1(86.8) 102.6(86.4) 103.7(86.5) 104.8(87.2) 97.6(84.0) 98.0(84.1) 93.7(81.8) 93.4(81.9) 94.3(83.3) 87.5(79.6) 92 .6 93.8 92.2 91.5 91.5 95.8 88.0 88.1 86.5 85.6 85.7 80.6 81.3 81.0 80.4 79.9 80.0 80.0 78.6 76.7 75.6 75.0 74.1 73.3 63.7 63.9 63.8 63.7 64.0 60.5 63.6 62.9 62.2 62.0 61.8 60.2 4.7 4.4 5.2 4.8 4.6 4.3 4.8 5.0 5.1 5.1 5.7 5.7 80.9 81.3 81.4 76.9 77 5 78.7 79.3 80.5 79.4 80.1 80.7 82 .9 78.9 72.5 72 .3 70.5 71.5 71.8 71.4 72 .2 72.2 72.4 72.2 r 72.7 73.5 71.5 60.6 60.6 59.8 60.2 60.4 59.9 60.3 60.1 60.5 60.2 60.4 60.4 59.7 5.5 4.9 4.7 4.3 4.1 3.9 3.8 3.4 3.6 3.5 3.1 3.1 n .a . 1970--Jan. Feb. Mar. Apr. May June July Aug. Sept. Oct. Nov. Dec. 28* 25* 25* 29* 27* 30* 29* 26* 30* 28* 25* 31* (70.6) (70.9) (70.8) (70.5) (70.6) (70.3) (70.2) (69.2) (68.3) (68.2) (67.9) (66.2) 76.5 76.7 76.3 76.0 76.1 72.5 74.8 73.8 72 .6 72.1 71.8 69.9 1971--Jan. Feb. Mar. Apr. May June July Aug. Sept. Oct. Nov. (new) Nov. Dec. 27* 67.2 (66.2) 24* 67.3 (66.4) 31* 66.1 (65.6) 66.4 (66.1) 28* 26* 66.7 (66.5) 30* 66.1 (65.9) 28* 66.8 (66.5) 25* 66.8 (66.6) 29*p 67.2 (66.8) 27*p 66.8r(66 .4) 24*p 67.0 r (66.5) 24*p3/ 67.6 (67.1) 29*p 66.3 (66.2) 69.5 69.6 68.2 68.5 68.8 68.4 68.8 68.9 69.5 69.1 69.3 70.0 68.5 86.6(79.9) 88.0(82.3) 84.8(81.9) 84.7(82 .5) 85.0(83.4) 84.0(82.3) 84.6(82.9) 85.4(84.3) 87.8(85.0) 87.1(83.5) 86 .7 (83 .6 )r 89.0(85.8) 85.8(85.0) 1972--Jan. 26*p 66.5 (66.3) 68.7 85 .6 (84.0) 79.9 71.9 60.0 n .a. * -Ratios in parenthesis 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). 2J 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) M2 M3 M*L plus M2 plus I Currency time dep. Components of money stock measures and related items deposits plus at comm. at nonTime and NonU.S. Gov't. demand -, other than 2 , bank thrift , Demand savings deposits bank thrift deposits deposits— large CD's— institutions— Currency Deposits CD's Other Total institutions (all member) M Turnover outside N.Y. City (per cent) 1964- -December 1965- -December 1966- -December 1967- -December 1968- -December 1969- -December 160.5 168.0 171.7 183.1 197.4 203.7 273.8 298.1 314.0 345.7 378.0 386.8 422.9 459.4 481.3 528.8 572.6 588.4 34.2 36.3 38.3 40.4 43.4 46.0 126.3 131.7 133.4 142 .7 154.0 157.7 13.3 16.7 15.9 20.8 23.6 11.0 113.3 130.1 142.2 162.6 180.6 183.2 126.6 146.8 158.1 183.4 204.2 194.1 149.2 161.3 167.4 183.1 194.6 201.5 5.3 4.4 3.5 4 .6 4.2 4.9 33.5 37.4 40.1 40.6 44.8 49.2 1970- -July August September October November December 210.3 211.6 212.8 213.1 213.6 214.8 401.7 405.6 409.2 412.0 414.3 418.2 608.7 614.2 619.3 624.0 628.1 634.1 48.0 48.1 48.3 48.5 48.7 49.0 162.4 163.5 164.5 164.6 164.9 165.8 17.0 19.3 21.3 22.6 23.6 25.5 191.4 193.9 196.4 198.9 200.6 203.4 208.4 213.2 217.7 221.5 224.2 228.9 207.0 208.6 210.1 212 .0 213.8 215.9 5.5 5.7 5.7 5.2 6.3 6.5 53.6 52.5 53.0 53.4 51.6 52.4 1971- -January February March April May June July August September October November December r 215.3 217.7 219.7 221.2 223.8 225 .5 227.4 228.0 227.6 227.7 227.7 228.2 423.1 430.4 437.1 441.5 446 .6 450.6 453.4 454.5 455.6 458.3 460.8 464.7 642.5 653.7 664.2 672.9 681.5 688.6 694.5 698.0 701.4 706.7 711.8 718.1 49.3 49.7 50.0 50.5 50.8 51.1 51.6 51.7 51.9 52.2 52.2 52.5 166.0 168.0 169.7 170.7 173.0 174.5 175.8 176.3 175.7 175.5 175.5 175.7 26.6 27.5 28.1 27.8 28.5 29.4 207.8 212.7 217.4 220.3 222.8 225.0 234.4 240.2 245.4 248.1 251.3 254.4 219.4 223.3 227.1 231.4 234.9 238.0 6.1 4.9 4.1 5.7 5.5 4 .3 52.6 54.0 53.3 54.4 53.4 55.8 30.4 30.8 31.6 32.7 32.2 33.4 225.9 226.5 228.0 230.6 233.1 236.4 256.4 257.3 259.6 263.3 265.3 269.9 241 .1 243.6 245.8 248.4 251.0 253.4 5.1 5.8 6.6 4.7 5.4 6.2 55.8 56.0 56.3 54.7 57.3 56.5 1972- -January 228.9 470.1 727.1 52.7 176.2 33.2 241.2 274.4 257.1 6.2 n.a. 228.2 228.5 229.0 229.2 468.2 469.2 469.6 470.6 n .a. n.a. n .a. n .a. 52.6 52.7 52.8 52.8 175.6 175.8 176.1 176.5 33.2 33.2 33.2 33.3 240.0 240.7 240.9 241.4 n .a. n .a. n .a. n.a. 7.3 6.4 6.7 6.5 n n n n p Week ending: January 5 12 .. 19 26 JL/ 273.2 274.0 274.1 274.6 .a. .a . .a. .a. Includes (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. 3/ Includes Mg , plus the average of the beginning and end of month deposits of mutual savings banks and savings and loan shares . ® • a joro jo 0 0 ^ 0 0 1 $ jo suo^eirtuiouap u^panssT i % s o A p jo saqeof^k^jao a%qB%q^aN we'zi 86V*31 09%*31 6S£*3i 936*££ 8I8*££ %86*££ %8£*££ 3%9*0% 015*0% £9%*0% 99£*0% £36*55 %09*55 06£ * 55 981*55 59£ * 96 %II* 96 £58*56 365*56 5£8 * 3%I 0£%* 3%I 660*3%I 5I£*I%I d 93 61 31 5 0£%*3I 66£*3I %£5*0I £U*oi Elf'01 08£*0I 3£6*0I 606*01 36£*II S6£*n £%8*0l SCO'II 5%6*0l 810*% 810*% 360*%£ 969'££ 9£0*££ 009*I£ £0£ *0£ 935*83 160*83 613*63 £35 * 63 88%*63 681*A3 360*0% £66*6£ 09£ *6£ 69I*6£ 960*6£ 658*8£ £66*8£ 900*6£ I%3*8£ 869*6£ 5£8*6£ 998*9£ 930*9£ 8£6*%5 £%5*%5 %I0*%5 I09*£5 %I£*£5 686*35 5%I*£5 I59*£5 0£%*£5 6%0*£5 %66*35 £5%*05 3%I*6% 018*%6 915 * %6 %6£*£6 066*36 01%'36 8%8'I6 816*16 659*36 169*16 5%6*06 608*06 6I£ * 68 891*58 653'!%! ££6*0%I 086 * 6£I 651 * 6£T 651 * 9£I 838 *££I £56 * 3£I 068*I£I %TT*T£T 6££ *631 561'631 3%8*53I 301*£31 (ttau) 63 (Pio) 63 %Z 63 63 53 83 0£ 93 83 I£ %3 63 • oaa • oaa •AON "330 e 3dag • Snv 809*01 365'0I 369'6 801*01 969*01 I8%*01 651*01 35£*6 531*93 %60*93 103*53 5%5*£3 66%*8% 3£0*8% 3££*6% 910 *6% 808*9% 0££*9% 5%£ * 9% %6l*9% £6%'£8 966*38 %55*I8 051*18 336*08 060*66 5£%*86 8%£ * 66 903*031 3%%'61I 6%%*911 £08*%IT 0%9*£IT 536*601 %6%* 901 969*66 (TT3U) 0£ • oaa • oaa %6I*03 006*61 966*31 %66*%£ %%6*%£ 333<17£ %£!*%£ %I6*££ 0%6*3£ 060*3£ %6I*I£ 950*8 %50*8 9%9*6 9£9*6 £08*8 £66*8 eci*8 £01 *8 616*01 616*01 038*33 138*33 0££*03 0££ *03 3%9*5I 659*51 08I*I£ 0£I*l£ 96%*0£ 63%*0£ 660*53 6£0 * 53 159*81 %£9*8I ZZ9' 9*7 92*?'9*7 318*66 919*66 6£9'66 £%%*66 858 * £6 989*£6 %98 * 59 ££6*59 686*96 685*96 £0V3IT 006*111 166*301 608*301 6£9*68 56%*68 (*\au) (Pio) (aau) (Pio) (aau) (Pio) zvz'zz * 033 /I s.QD X B T D T J J O UG-TAJOJ %B3%]%%OJ 33B3S I9I'6% 910*6% 186*8% 6%9*8% £13*6% 660*6% 3U1T3 SSUTABS adA] -jamnsuog ASJEI s^Tsodaq sguxAes pue aurtx S S U T A B S =9 SUIT3 AD/C^ - jaumsuog 21 anavx IB30I /I "uef--ZZ6l :SU-TPU© A\X\£ aunf ABR • adv 'Jew 'qad •UBf—XZ6I (PIO) 0£ 53 •AON 83 •;oo 0£ "Idas 93 • Snv 63 £\x\£ %Z aunf--0Z6T l£ I£ I£ I£ 63 63 ( M 9 U ) 83 (PIO) 83 • oaa e oaa--696I • oaa *oaa--8961 • oaa • oaa--/. 961 • oaa •oaa--9961 DOT jag TABLE 13 Member Bank Reserves (Based on averages of daily figures; in millions of dollars) Free reserves (excess reserves minus borrowings) D A T E All member Reserve City Banks New York City of City Chicago Excess Reserves Other Country All member Borrowings All member Total reserves held seasonally adjusted * All member Monthly Averages: 1959--December 1960--December 1961--December 1962--December 1963--December 1964--December 1965--December 1966--December 1967--December 1968--December 1969—December 1970--December -424 669 419 268 209 168 -2 -165 107 -310 -829 -49 -109 10 -50 -62 19 -14 -7 0 -95 -22 -130 -203 9 -104 -4 -22 -11 21 -31 -8 -50 -5 -70 -9 3 -449 80 20 -52 -122 -103 -161 -159 -55 -180 -473 -222 237 583 471 394 334 315 238 140 187 70 -144 161 482 756 568 572 536 411 452 392 345 455 257 272 906 87 149 304 327 243 454 557 238 765 1,086 321 18,513 18,842 19,640 19,555 2 0,156 21,149 22,245 23,348 24,771 27,249 27,977 29,132 1971--Jan. Feb. Mar. Apr. May June July Aug. Sept. Oct. Nov. Dec . r -91 -127 -120 -8 -18 -322 -658 -606 -295 -153 144 58 19 15 -90 -21 -67 -127 -110 -111 -29 -56 -71 -10 -6 19 -25 3 2 -39 -29 -10 2 -14 -7 -282 -333 -155 -154 -45 -173 -449 -437 -280 -144 -112 -57 178 172 150 164 92 17 -92 -58 24 45 53 132 279 201 199 140 312 131 162 198 206 207 263 165 370 328 319 148 330 453 820 804 501 360 406 407 29,390 29,600 29,779 29,991 30,327 30,527 30,639 30,743 31,073 30,882 30,970 31,246 1972--Jan. p 148 11 -7 12 132 168 20 31,800 NOTE: — — requirements on Euro-dollar borrowings are included beginning October 16, 1969, and requirements on bank-related commercial paper are included beginning October 1, 1970. Revised t» reflect new seasonal factors and current percentage reserve requirements against deposits. TAB1E 14 Liquid Assets Held by the Public - Seasonally Adjusted Series 1/ (Amounts in billions of dollars; ratios expressed as percentages) Time deposits End of year or month Total Demand deposits and currency 2/ Commercial banks 3/ Mutual savings banks Postal Savings System Savings and loan shares 4/ S. Gov't, savings bonds 5/ S. Gov11. securities maturing within one year 6/ 8 52.9 53.0 53.5 54.3 54.5 55.9 56.8 55.2 75.8 20.5 76.4 20.4 78.2 20.5 54.5 54.8 55.2 55.6 55.5 55.8 56.3 47.6 49.0 49.9 50.5 50.9 51.9 52.5 52.4 46.8 48.1 46.1 48.6 53.9 50.5 58.5 73.2 79.5 68.7 69.2 69.4 69.9 70.4 70.9 71.5 137.4 139.0 140.1 142.2 143.3 144.5 145 .7 52.0 52.4 52.0 52.1 52.1 52.2 52.7 77.7 78.5 74.6 76.0 74.5 74.3 73.8 72.2 73.5 74.7 75.9 76.8 77.6 78.3 78.6 79.3 r 148.4 r 151.3 r 155.4 158.0 159.9 161.5 164.4 166.1 169.1 170.6 172.4 173.5 52.8 52.8 53.0 53.2 53.4 53.6 53.8 54.0 54.2 54.3 54.5 55.1 72.6 70.0 71.6 71.8 69.9 70.9 69.5 69.8 71.0 70.2 67 .6 72.7 459.0 495.4 530.5 573.1 601.5 650.4 709.6 r 731.7 144.8 149.6 156.7 164.1 168.6 180.7 199.2 206.8 98.1 112.9 127.1 147.1 159.3 183.1 203.8 197.1 41.4 44.5 49.0 52.6 55.2 60.3 64.7 67.3 1970 June July Aug. Sept. Oct. Nov. Dec. r r r r r r r 738.4 749.7 750.9 765.3 764.6 773.8 786.1 199.8 198.7 199.3 2 03.6 199.8 201.5 207.6 202.9 211.8 215.4 221.5 224.6 230.4 234.8 788.9 796 .6 815 .8 815 .5 824.8 836.6 836 .3 841.7 8515 856 2 86 3.0 879.7 202.9 204.6 211.6 206.3 212.5 218.4 213.8 215.0 214.4 214.5 215.3 222.3 240.0 244.5 249.5 250.2 252.3 254.7 256.5 258.2 263.5 266.5 272.4 17 4.9 1972 Jan. 81.5 79.8 77.6 78.7 78.3 76.1 25.1 24.6 24.1 22.8 21.8 21.8 21.6 20.9 79.8 90.9 101.4 109.8 113.4 123.9 131.0 134.9 1962 1963 1964 1965 1966* 1967 1968 1969 1971 Jan. Feb. Mar. April May June July Aug. Sept. Oct. Nov. Dec. Ratios: Commercial Demand deLiquid posits and bank deposits assets currency to and currency to to gross gross nation- liquid assets national 1 product 7/ (2-4- 3 t 1) product 7/ 11 10 80.0 80.8 81.2 0.5 0.5 0.4 0.3 0.1 81.0 78.1 20.2 r 79.2 20.3 r 79.9 r 20.4 56.1 56 .4 56.5 56.0 56.4 56.5 56.2 56.2 56.1 56.2 56.5 56.5 Data no longer being compiled on this hasiff. Revised series will be available in next months L.4.3. For footnotes see next page. r - Revised. P ~ Preliminary. c Corrected. * - Beginning with data for June 1966, total liquid assets and time deposits at commercial banks exclude $1.1 billion of balances accumulated for the payment of personal loans. § - Figures are for Tuesday, December 31, rather than for the last Wednesday of December. NOTE: Total liquid, assets and U.S. Government securities maturing within 1 year revised beginning January 1969 to conform to new Budget concept. Both figures were increased by $1.7 billion on that date. TABLE 14 (Continued) 1. Excludes holdings of the United States Government, Government agencies and trust funds, domestic commercial banks, and Federal Reserve Banks. Adjusted to avoid double counting whenever possible. All series adjusted for seasonal variation by the X-9 variant of Method II developed by the Bureau of the Census. 2. Data are for demand deposits adjusted and currency outside banks and are as of the last Wednesday of the month. In concept the figures agree with the daily average money supply described in detail in the Federal Reserve Bulletin for August 1962,p. 941, except that demand deposits held by mutual savings banks and by savings and loan associations have been deducted to avoid double counting. Demand deposits of commercial banks in Alaska and Hawaii are included beginning January 1959 and August 1959, respectively, except that one national bank in Alaska and one national bank in Hawaii were included in April 1954 and April 1959, respectively. Demand deposits due to banks in United States possessions are included throughout. Data have not been revised to conform with the daily average money supply revision (beginning June 1967) associated with Euro-dollar transactions. 3. Total time deposits at commercial banks except interbank, U.S. Treasurer's open account, and postal savings redeposited in commercial banks. Data are as of the last Wednesday of month except June 30 and December 31 when call data for these dates were used when available. Time deposits of commercial banks in Alaska and Hawaii and time deposits due to banks in U. S. possessions are included as indicated for demand deposits in footnote 2 above. 4. Figures compiled by the Federal Savings and Loan Insurance Corporation except that prior to 1955 data are Board estimates based on monthly figures of inflow of new savings and withdrawal of savings capital compiled by the Federal Home Loan Bank Board. 5. Includes all types of savings bonds held by investors other than commercial and mutual savings banks and U.S. Government agencies and trust funds. Holdings of savings and loan associations are also excluded beginning in February 1960, the earliest date for which separate figures for these institutions are available. Figures are from data compiled* by the U. S. Treasury Department. 6. Beginning December 1950 figures include Treasury marketable securities and Federal agency securities maturing within one year, except holdings of domestic commercial, mutual savings, and Federal Reserve Banks, Government agencies and trust funds, and beginning February 1960, savings and loan associations. Figures have been adjusted to include partially tax-exempt securities 12 months prior to first call date, and prior to 1956, nonmarketable Treasury savings notes with maturities up to 36 months. Prior to December 1950 figures for marketable issues include securities callable within one year. Figures represent par value and are from the U. S. Treasury Department's Survey of Ownership of U. S. Government Securities. 7. Gross national product figures are available quarterly and annually only. Data for total liquid assets used in computing these ratios are quarterly averages calculated for. four dates (each month of the current quarter and the last month of the preceding quarter) .
@FedFRASER