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February 25, 1974 L.4.3. Not for Publication i f y : . i i-""''1' BANKING AND MONETARY DEVELOPMENTS January 1974 Banking Section Division of Research and Statistics Board of Governors of the Federal Reserve System TABLE 1 Changes in Commercial Bank Credit, Money Stock, and Time Deposits Seasonally adjusted annual rates (per cent) 1973 4th 3rd 2nd 1st Dec. p Qtr. Qtr. half half 1974 Jan.p 1972 Year Year 14.8 12.4 16.4 7.8 10.8 4.7 1.5 15.7 3.0 -14.1 -1.0 -27.3 -34.4 -22.0 -28.6 15.8 Other securities 11.8 9.4 5.8 12.7 12.3 12.6 . 11.4 16.9 Loans—^ 18.0 17.7 22.5 11.5 16.9 5.8 2.4 15.4 11.9 20.5 28.5 10.9 15.7 6.0 6.2 16.9 Real estate loans 20.5 19.2 20.8 15.9 17.0 14.2 13.5 16.4 16.9 14.9 16.2 12.6 14.7 10.1 4.5 7.4 Total bank c r e d i t ^ U.S. Gov't sec. Business loans Consumer loans Adjusted for loans sales to bank affiliates 14.6 12.6 16.6 8.0 11.4 4.4 1.5 15.8 Loans—^ 17.7 18.0 22.8 11.8 17.8 5.5 2.4 15.5 Business loans 11.8 20.9 28.9 11.3 17.3 5.1 5.3 16.6 8.7 5.7 7.7 3.7 -0.2 7.5 7.1 -3.6 15.9 20.7 10.0 14.0 5.8 10.7 21.5 11.3 10.3 11.6 10.4 12.5 10.1 15.2 19.4 18.6 0.8 4.7 -3.9 0.8 2.7 Total bank c r e d i t ^ 2/ Money stock- 2/ Total time deposits— 15.7 2/ Time other than CD's 13.5 CD's (dollar change in billions) =•' j7 2/ 10.4 Adjusted to exclude domestic interbank loans. Revised series. T Table 2 Loans and Investments at All Commercial Banks (Seasonally Adjusted) Loans Total Date ( I n b i l l i o n s U.S. Gov't. securities Other securities d o l l a r s ) 1970- -Dec. 1971- -Dec. 31 31 435.5 484.8 291.7 320.3 57.9 60.1 85.9 104.4 1972- -July Aug. Sept. Oct. Nov. Dec. 26 30 27 25 29 31 522.8 529.0 535.4 540.4 549.9 556.4 349.1 354.1 360.0 265.7 372.9 377.8 62.3 61.9 61.5 60.3 60.9 61.9 111.4 113.0 113.9 114.4 116.1 116.7 1973- -Jan. Feb. Mar. Apr. May June July Aug. Sept. Oct. Nov. Dec. 31 28 28 25 30 30 25 29 26 31 28 31 P P P P P P 564.7 575.4 583.6 589.6 597.7 602.0 608.2 616.0 618.2 621.7 624.6 625.4 385.8 397.2 405.8 411.1 417.4 420.3 427.3 435.3 438.1 440.0 443.6 444.5 61.8 60.6 60.4 61.0 61.0 61.6 59.6 57.7 56.3 54.9 54.5 53.2 117.1 117.6 117.4 117.5 119.3 120.1 121.3 123.0 123.8 126.8 126.5 127.7 1974- -Jan. 30 P 633.6 450.2 53.9 129.5 iy Adjusted to exclude domestic commercial interbank loans p - Preliminary. TABLE 3 LOANS SOLD OUTRIGHT BY COMMERCIAL BANKS AND BANK CREDIT ADJUSTED FOR SELECTED LOAN SALES Pate Loans sold outright by commercial banks (outstanding in billions of dollars N.S.A.) Sold to Sold to Affiliates 1/ ndnbank public 2/ Business Business Business Total Loans Total Loans Total Loans 1970—Dec. 1971—Dac. 1972—Dec, 1973—Dec. 4.7 4.5 4.4 2.5 2.0 2.0 3.0 2.8 2.6 2.1 Commercial bank credit (seasonally adjusted) Total loans and investments tfrlglnlal Adjusted 3/ 1.7 0.4 0.4 0.3 0.3 435.5 484.8 556.4 625.4 438.5 487.6 559.0 629.7 291.7 320.3 377.8 444.5 294.7 323.1 380.4 448.8 115.9 129,7 156,3 112,1 117.5 131.4 158.9 608.2 616.0 618.2 620.7 612.2 431.3 440.0 442.7 444.6 447.9 448.8 151.4 153.6 154.0 154.0 155.5 156.3 154.0 156.5 156.9 156.9 158.2 158.9 454,6 158.5 161.1 6.1 2.9 4.3 2.6 5.7 6.5 6.4 6.4 4.0 4,7 4.6 4.6 4.3 4.3 2.9 2.9 2.9 2.7 2.6 1.7 2.6 1.8 1.8 1.8 1.8 1.8 0.3 0.3 0.4 0.3 0.3 0.3 621.7 624.6 625.4 626.3 628.9 629.7 427.3 435,3 438.1 440.0 443.6 444.5 4.4 2.6 1.8 0.3 633.6 638,0 450,2 25p 29p 26p 31p 28p 31p 6.1 2.9 3.2 3.3 3.2 3.0 2.9 1974 Jan 30p 6,2 2.9 6.1 622.8 Net Change (Billions pf dollars l£Zi Jan, 1/ 2/ 3/ 4/ 5/ 30p 29p 26p 31p 28p dip 30p 0,5 0.8 -0.1 5/ •5,3 H 0,1 0,4 0,3 0,1 0.5 0.7 -0.1 A 0.4 0.3 5/ 1/ 5/ -0.2 -0.1 5/ 0.1 5/ -0.1 -0,2 -0.1 110.0 (Annual rates in per cent) 5/ 0.1 5/ 5/ 20.0 1/ 5/ It 1/ 0.1 0.1 u 5/ 12.4 15.4 4.3 6.8 5.6 1.5 13.3 16.7 4.1 6.7 5.0 1.5 22.5 7.7 5.2 9.8 2,4 21,2 24,2 7,4 5.2 8.9 2.4 25.9 17.4 3.1 28.7 19.5 3.1 11,7 6.2 9.9 5.3 5/ 2/ 15.7 15.8 15.4 15.5 16.9 16.6 To bank holding companies affiliates, subsidiaries or foreign branches. To other than banks' and bank-related affiliates or subaidiariaa. Includes all loans sold to bank holding companies, affiliates, subsidiaries, or foreign branches. Includes business loans sold to bank holding companies, affiliatea, subsidiaries, or foreign branches Less than $50 million. Business loans Original Adjusted 4/ 1.7 1.7 1.6 1.8 1.8 1973 July Aug. Sept. Oct. Nov. Dec. 1223 July Aug, Sept. Oct. Nov, Dee, Total loans Original Adjusted 3/ mm 1 ~ TABLE 4 NONDEPOSIT SOURCES OF FUNDS AND METHODS OF FINANCE (Outstandings in billions of dollars) Euro-dollars Through branches outside U.S. Territories and possessions Date Total Loans sold under repurchase agreement 3/ To the nonbank To bank Commercial A! 1/ lasaL affiliate Through brokers and 1/ Customer guaranteed Ineligible £«SS£ 1969 May Dec. 28 31 12.7 19.6 10.9 14.5 9.9 o.i*/ 0.2^ 12.8 0.6 0.8 0.8 4.3 1.0 0.8 0.4 0.6 0.6 0.2 0.1 0.3 1970 June Dec. 24 30 21.5 11.7 13.1 12.2 0.6 0.8 0.2 0.1 7/ 0.7 0.7 0.7 0.7 1/ 0.3 0.3 0.5 7/ 7.6 2.3 0.1 7.7 1971 Dec. 29 4.4 1.3 0.9 0.4 77 7/ 2.0 1.2 1.0 0.2 0.3 0.2 1972 July Aug. Sept. Oct. Nov. Dec. 26 30 27 25 29 27 4.7 4.7 5.4 4.9 5.2 4.9 1.6 1.3 1.3 0.2 1.9 0.2 0.2 0.2 0.7 0.7 0.7 0.6 0.6 0.6 o.i 0.3 0.3 0.4 0.4 0.4 0.4 0.4 0.4 0.4 0.4 0.4 0.4 1973 Jan. Feb. Mar. Apr May June July A6g. Sept. Oct. Nov. Dec. I I 0.9 0.8 0.8 0.8 0.7 0.7 0.2 0.1 0.1 0.2 0.1 1.6 1.4 1.7 1.4 2.3 2.4 2.4 2.5 2.6 2.6 31 28 28 25 30 27 25 29 26 31 28 26 5.0 5.2 1.6 1.4 0.2 0.2 8.0 7.3 ! i o.i 0.7 1.0 1.3 1.0 1.1 0.9 0.8 0.3 0.3 0.3 0.4 0.4 0.6 0.9 1.1 0.9 0.9 0.8 0.6 0.2 0.2 0.2 0.2 0.2 0.1 0.2 0.2 0.1 0.2 0.1 0.2 0.1 0.1 0.1 0.2 0.2 0.4 0.4 0.4 0.3 0.3 0.3 0.3 0.4 0.3 0.4 0.4 0.4 0.4 1.4 1.3 1.5 1.7 2.3 3.0 1.9 1.9 2.7 2.7 3.1 3.5 3.8 4.0 4.3 4.5 5.1 5.2 4.9 5.0 4.9 12Z& Jan. 30 7.7 0.1 5.5 0.3 0.2 0.1 0.4 0.5 1/ 2/ 3/ 4/ 5/ % ! 7/ http://fraser.stlouisfed.org/ 8.6 1.5 2.2 1.6 6.1 6,1 6.6 6.9 7.6 8.4 7.5 7.1 1.0 2.0 0.8 1.1 1.1 0.2 0.2 0.2 0.2 0.2 2.8 0.1 0.1 0.1 0.1 2.0 1.7 1.7 2.5 1.7 1.9 1.7 0.2 0.3 I 0.2 1.4 1.5 2.1 0.6 0.1 0.2 o.i 7/ Includes an indetermine amount of Federal funds purchase# from U.S. Agencies of foreign banks. Issued by a bank holding company or other bank affiliates. Loans or participation in pools of loans sold under repurchase agreements. To bank holding companies, affiliates, or subsidiaries. To other than banks and bank-related affiliates or subsidiaries. Partly estimated. Less than $50 million. Federal Reserve Bank"of tSt. Louis * t f i t oK 0.2 0.6 0.9 l.l 1.5 1.4 1*5 1.3 1.1 0.9 0.6 0.5 , Table 5 Loans at All Commercial Banks Seasonally Adjusted Business Date ( I n Consumer Real Estate b i l l i o n s of Security 53.4 60.2 10.2 10.8 70.4 14.7 P P P P P P 133.3 138.1 141.8 143.9 146.8 148.2 151.4 153.6 154.0 154.0 155.5 156.3 99.7 101.3 103.1 104.6 106.5 108.3 109.7 14.3 14.3 14.0 14.0 13.9 13.2 12.4 13.2 112.9 114.3 115.6 116.9 71.5 72.5 73.5 74.2 75.2 76.1 77.0 78.2 78.9 79.9 80.6 80.9 30 P 158.5 118.3 81.4 31 31 31 110.0 1973- -Jan. Feb. Mar. Apr. May June July Aug. Sept. Oct. Nov. Dec . 31 28 28 25 30 30 25 29 26 31 28 31 1974-- J a n . 115.9 129.7 111.4 p - Preliminary i Agriculture d o l l a r s ) 72.3 81.4 98.1 1970- -Dec. 1971- -Dec. 1972- -Dec. Nonbank financial 14.5 15.5 21.5 11.4 22.5 24.1 24.9 25.3 15.0 15.1 15.2 15.3 15.5 15.7 15.8 26.6 12.8 14.6 12.1 12.6 25.9 27.1 28.5 28.7 27.3 12 .5 11.3 27.1 28.0 16.7 17 .1 9.8 29.0 17.2 16.0 16.2 16.4 Table 6 Changes in Loans and Investments at All Commercial Banks, Seasonally Adjusted (In billions of dollars) Item 1972 1Q7A 1973 Dec. p Jan. p +2.9 +0.8 +8.2 -1.4 -0.4 -1.3 +0* 7 +0.8 +3.0 -0.3 +1.2 +1.8 a +8.0 +2.8 +1.9 +3.6 +0.9 +5.7 +3.2 +2.2 +0.4 — +1.5 +0.8 +2.2 +1.8 +1.4 +1.7 +1.5 +1.4 +1.3 +1.3 +1.4 +1.0 +0.9 +0.9 ' +1.2 +0.7 +1.0 +0.7 +0.3 40.5 1/ -0.1 -0.7 -0.8 +0.8 -1.1 +0.5 -0.1 -1.2 -1.5 +0.8 40.4 +1.3 -0.7 +1.2 +1.4 +0.2 -1.4 +0.7 -0.9 +1.9 40.1 +0.1 +0.1 +0.2 +0.2 +0.1 +0.2 +0.2 +0.2 +0.3 +0.4 +0.1 +2.3 +1.5 +0.5 -0.9 1/ +1.0 +0.5 +0.9 +0.2 -0.8 +0.2 +1.1 Aug.p Sept.p Oct. p Hay June July p +6.0 +8.1 +4.3 +6.2 +7.8 +2.2 +3.5 -0.2 +0.6 i/ +0.6 -2.0 -1.9 -1.4 +0.5 -0.2 +0.1 +1.8 +0.8 +1.2 +1.7 +8.0 +11.4 +8.6 +5.3 +6.3 +2.9 +7.0 +1.5 +3.6 +4.8 +3.7 +2.1 +2.9 +1.4 Real estate +1.4 +1.6 +1.6 +1.8 +1.5 +1.9 Consumer +1.1 +1.1 +1.0 +1.0 +0.7 Security -0.4 -0.4 1/ -0.3 Nonbank financial +0.4 +1.0 +1.6 Agriculture +0.3 +0.4 All other +0.6 +0.7 Jan, Loans and Investments 2/ +6,5 +8.3 +10.7 +8.2 U, S. Gov*t. securities +1.0 -0.1 -1.2 Other securities +0.6 +0.4 Loans 2/ +4.9 Business • Feb. Mar. . Dec. 3J LesjB than $50 million, 2/ Adjusted to exclude domestic interbank loans. Apr. Nov. p I, # # # # # # # # # Table 6A Changes in Loans and Investments at All Commercial Banks, Seasonally Adjusted Adjusted for loans sold to affiliates (In billions of dollars) 1974 1973 1972 Item Jan. Feb. +2.1 +3.5 +2.6 +0.8 +8.3 -1.9 -1.4 -1.4 -0.4 -1.3 +0.7 +6.7 +8.5 +0.6 -2.0 June July p +8.3 +6.4 +8.2 +4.1 -0.2 +0.6 1/ Jan. p Nov. p Sept.p May Dec.p Oct.p Aug.p Apr. Mar. Loans and Investments 2/ +6.6 +8.3 +11.2 U. S. Gov't, securities +1.0 -0.1 -1.2 Other securities +0.6 +0.4 +0.5 -0.2 +0.1 +1.8 +0.8 +1.2 +1.7 +0.8 +3.0 -0.3 +1.2 +1.8 Loans 2/ +5.0 +8.0 +11.9 +8.7 +5.7 +6.4 +2.7 +7.5 *+8.7 +2.7 +1.9 +3.3 +0.9 +5 • 8 +1.6 +3.6 +5.2 +3.6 +2.4 +2.8 +1.4 +3.6 +2.5 +0.4 +1.3 +0.7 +2.2 Business — i Real estate Consumer Security NOT A MAILABLE Nonbank financial Agriculture All other i 1J Lees than $50 million, 2/ Adjusted to exclude domestic interbank loans. i 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 End of December to last Wednesdav of Jaituarv Item All commercial banks 2J Total loans U. S. Gov't, securities Other securities Total 1974 d 1973 r 1972 1971 1970 1969 1968 -9.2 -0.4 +0.7 -8.9 -3.7 -1.5 -0.6 -5.8 -5.5 -2.2 +0.1 -7.6 -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 -8.3 All Large Banks 2/3/ Total loans U. S. Gov't, securities Other securities Total 1/ +0.2 -8.1 -4.1 -1.4 -0.7 -6.2 -5.5 -1.8 -0.2 -7.4 -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 Other banks 2/3/ Total loans U. S. Gov't, securities Other securities Total -0.9 -0.4 +0.5 -0.8 +0.4 -0.1 ±0=1 +0.4 1/ -0.5 +0.3 -0.2 -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 Year ended December Item 1973 p 1972 r 1971 y 1970 1969 1968 1967 All commercial banks ^ Total loans U. S. Gov't, securities Other securities Total +70.0 . -8.4 +10.9 +72.5 +58.8 +2.1 +12.4 +73.3 +30.0 +3.2 +17.9 +51.1 +11.0 +6.5 +14.4 +31.9 +22.1 -9.9 _!/_ +12.2 +26.9 +2.0 +10.1 +38.9 +17.6 +6.3 +12.7 +36.6 All Large Banks 2/3/ Total loans U. S. Gov't, securities Other securities Total +44.9 -4.5 +4.9 +45.3 +34.4 +0.7 +3.6 +38.7 +12.9 +0.9 +7.7 +21.5 +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 Other banks 2/3/ Total loans U. S. Gov't, securities Other securities Total +25.1 -3.9 +6.0 +27.2 +24.4 . +1.4 +8.8 +34.6 +17.1 +2.3 +10.2 +29.6 +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 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 1969. 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. Table 8 Changes in Commercial and Industrial Loans at Large Commercial Banks (In millions of dollars) Late December to late January Business of borrower Food processors Commodity dealers Trade concerns Retail trade Wholesale trade Metals Primary metals Machinery Transportation equipment Other fabricated metals Textiles, apparel, etc. Pettoleum Chemicals Other durable manufacturing Other nondurable manufacturing Mining Public Utilities, total Transportation Communication Other public utilities Construction All other types of business Bankers acceptances Services Other Foreign business concerns Classified Unclassified Total Change ¥, December 25, 1968. 1974 D 1973 r -172 +419 -236 -269 +33 +68 +57 -42 +43 +10 + 7 -69 -65 -55 -31 +204 +12 +8 +143 -139 -69 -625 -55 -234 -336 +88 -524 -9 +533 -46 +151 -43 -43 —• +295 +38 +155 +64 • +38 -14 +115 +276 -13 +46 +236 +271 +51 +142 +78 +58 -84 -281 +128 +69 +51 +1299 +9 +1308 Late December to late December V V 1972 1971 1970 -67 -31 -256 -109 -147 -432 +31 -307 -59 -97 -75 -23 -146 -43 -122 -138 -122 -99 +47 -70 -16 -570 -364 +93 -299 +30 -2011 -74 -2085 -371 +2 -210 -110 -100 -321 -46 -164 -52 -59 -123 r-37 -81 -79 -62 -85 +295 +128 +120 +47 -32 -276 -6 -648 -179 -469 -175 +9 -288 +116 -12 -124 -97 -119 -123 -46 -226 -111 +27 -162 +24 -101 zM5 -124 -181 -110 -90 -1609 -25 -1634 z2£L -81 -59 -115 -167 -2474 -l29 -2503 1973D +716 +50 +1914 +1143 +771 +2855 -201 +2084 +361 +611 +534 +406 +655 +817 +456 +187 +2951 +474 +181 +2296 +857 +4020 -303 +2095 +2228 +190 +16608 +1862 +18470 1972 r +554 +117 +1096 +875 +221 -293 +9 +223 -568 +43 +401 -197 +409 -397 -128 -178 +1349 -56 +545 +860 +808 ±521 -743 +1251 +63 +704 +4816 +2420 +7236 1971 1970 1959 -200 +302 +Z24 +7 +697 -1718 -158 -1080 -251 -229 -31 -293 -535 -77 -149 -225 -6 -362 -17 +373 +367 +I9U +606 +416 +893 +820 +874 +1057 +1931 -149 +189 -3 -135 +132 -234 +61 -497 +297 -95 -19 -192 -65 +39 -86 -834 -1184 +264 -231 -1217 +269 +1342 . +983 +378 -19 +171 -756 +871 +115 +276 +206 +342 +144 +198 +2708 +194 +1317 +712 +153 +150 +115 +362 +332 +314 +126 +1610 +556 +360 +694 +224 +2220 +1044 +20 +1196 -356 +7955 +374 +8329 m i , ^ 3 » , i,?., These data cannot be linked with all commercial bank data which are always for December 31. 1 T TABLE 9 Loans and Investments at All Commercial Banks (In billions of dollars) /Not seasonally adjusted) Loans and investments U. S. Gov't. Other securities 38.8 44.9 / 48.8*' 61.5 71.5 71.3 279.2 307,6- , 324.0=' 360.8 400.4 412.1 446.8 497.9 571.4 63.0 59.5 56.2 62.5 64.5 54.7 61.7 64.9 67.0 26 30 27 25 29 31 521.4 525.8 535.0 540.3 549.9 571.4 59.6 59.3 60.3 60.9 63.2 67.0 111.5 1973- -Jan. Feb. Mar. Apr. May June July Aug. Sept. Oct. Nov. Dec. 31 28 28 25 30 30 25p 29P 26p 31P 23p 31p 565.6 571.1 580.6 587.3 594.8 605.6 606.8 65.6 116.5 116.8 117.7 -J612.0 JL4.7 1974 --Jan. 30p 1964- -Dec. 1965- -Dec. 1966--Dec, 1967--Dec. 1968- -Dec, 1969- -Dec. 1970- -Dec. 1971- -Dec, 1972- -Dec. 31 31 31 30 31 31 31 31 31 1972- -July. Aug. Sept. Oct. Nov. Dec. 2/ 86.1 104.7 117.1 p - Preliminary. NOTE: Data exclude domestic interbank loans. 286.1 299.0 328.3 387.3 88.4 98.4 108.4 112.5 118.5 132.7 7.5 10.7 11.8 98.4 13.2 13.4 14.7 13.9 14.7 17.6 13.6 13.7 13.7 13.9 14.1 14.3 65.6 66.9 67.7 69.4 70.6 18.3 18.7 19.2 19.8 20.5 23.4 14.9 14.4 13.6 13.4 13.6 13.4 14.6 14.8 15.0 15.3 15.7 71.0 22.2 29.2 23.3 24.5 12.7 117.3 13.6 128.8 446.2 156.8 118.2 9.8 16.8 106.1 108.2 109.7 111:1 115.0 116.2 12.0 12.2 12.3 12.1 Consumer and "other loros" were partly estimated for .11 dates. 16.0 16.2 68.6 81.2 27.7 27.2 29.5 80.8 28.1 35.7 : : " : t Z l : : . t c : Z : : t \ ^ : l l u L 5/ Beginning by $100 million as the result of loan reclassification# *t one large bank. 26.8 26.0 27.7 27.5 28.1 28.6 Other date, are partly estimated on all but V financial inatitutlons 25.3 30.3 80.8 Data°revl.ed C beglnn'ng June 1969, to include all bank premises subsidiaries and other significant majority-owned domestic subsidiarieson December 31, 1969, and loans to nonbank f i l i a l 21.2 31.0 31.9 32.6 33.7 34.4 34.4 34.6 3 34.9 34.7 37.4 71.6 72.5 73.7 75.1 76.5 77.5 79.0 79.5 80.3 3/ 20.6 12.9 17.6 81.6 128.1 S W S l S " H o n k n k 26.4 26.3 27.1 27.6 28.3 30.3 16.8 15.3 16,9 19.3 12.1 16.4 16.4 16.4 16.5 16.7 123.9 125.9 125.1 51.0 53.6 60.5 70.6 15.7 72.5 99.6 100:9 102.5 104.1 122,8* - 8:5 10%9 13.3 13.3 12,5 13.7 15.1 15.9 16.9 23.4 10.3 H.% 12.5 14.3 132.0 136.6 141.7 144.4 146.4 150.4 151.8 152.2 154.1 153.3 154.6 159.9 122.2 ITT" All other totitutiong; 35.7 38.3 383.5 392.6 401.7 408.3 416.6 426.6 429.1 434. 6 „ 439.1 439.9 442.1 455.6 121.4 58.1 236.8 264.4 8.4 8.5 9.0 10.5 124.2 125.8 127.6 132.7 121.1 633.1 80.6 43.7 49.3 53.9 58.5 Nonbank financial Farm 92.5 94.1 95.6 97.2 98.4 119.9 54.8 55.6 57.3 58.6 71.4 Security 90.8 118.6 617.9 621.4 624.5 642.3 60.2 Real estate 122.3 114.0 114.2 114.9 117.1 60.4 58.3 57.9 56.4 177.4 Business 350.3 353.7 360.7 365.2 371.8 387.3 112.8 61.6 61.2 Total loans institutions increased by $500 million due to change increased by $300 million, and "other" loans increased ^ D A T E 1959- -Dec. 31 1960- -Dec. 31 1961- -Dec. 31 1962- -Dec. 28 1963- -Dec. 25 1964- -Dec. 31 1965- -Dec. 31 1966- -Dec. 31 1967- -Dec . 30 1968- -Dec. 31*,, 1969- -Dec . 31*2/ 1970- -Dec . 31*i/ 1971- -Dec . 31*2/ 1972- -Dec. 31* TABLE 10 Ratios of Total Deposits U.S. Government ]L 0 A N S *1 securities maturing B an k s , M e m b e r within one year Reserve City Banks City Aii, All Commercial of > New York commercial banks C hicagc Other Country City Total tianks 54.0 55.1 54.5 56.5 58.6 60.5 63.7 65.8 63.8 64.7 72 .0 67.3 65.7 67.9 (63 .7) (69.8) (66.2) (65.6) (67.7) 55.6 56.5 55.7 57.7 59.9 61.9 65.4 67.9 65.8 66 .8 75.7 69.9 68.0 70.6 67 .3 65.9 65.0 67.9 67.4 69 .3 75.9 83.5 79.9 83.5 (76.3) 102.8(86 .4) 87.5 (79.6) 84.1 (83.2) 85.4 (85.4) 58 .2 60.8 58.0 61.4 62.1 64.4 70.2 77.0 70.8 75.1 89.5 80.6 78.1 87.2 58.2 59.0 57.7 60.1 63 .3 65.0 68.7 70.2 68.1 69.1 79.5 73.3 71.6 60.1 48.2 ' 50.3 50.2 -'51.7 : 53 .8 56.0 f 57 .9 i 59 .2 58.2 58.2 62.8 60.2 59.2 60.1 7.4 8.7 11.2 9.5 7 .5 8.0 7.3 6.1 6 .4 6.1 5.0 5 .7 3.9 4.1 MEMBER BANK DATA NOW AVAILABLE ONLY ON CALL DATES (68.9) (69.7) (70.8) (71.1) 1 9 7 3 — J a n . 31* Feb . 28* Mar. 28* A p r . 25* May 30* June 30* July 25*p Aug. 29*p Sept.26*p Oct. 31*p Nov. 28*p Dec . 31*p 69.1 69.8 70.9 71.3 72.3 72 .4 73.2 73.8 74.5 72.7 73.6 74.0 1974—Jan. 30*p 72.6 (72.4) (72.1) (72.2) (72 .9) (73 .5) (74.3) (72 .5) (73 .3) (73 .8) 75.7 94.2 (92.2) 92 .3 82.2 64.0 4.0 3.5 3.4 3.2 3.2 3.1 2.7 2.8 2.9 2.9 3.2 3.6 n.a. * - Ratios in parentheses are those oobtained 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 groess 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-1! * Money Stock Measures and Deposit Turnover (Seasonally adjusted; dollar amounts in billions) Currency plus demand . , deposits— M 2 M. plus time dep. at comm. other than., large CD's- M™3 m 2 plus deposits at nonbank thrift 3 , institutions— Components of money stock measures and related items Currency Demand Deposits CD' Other Total Nonbank thrift institutions U.S. Gov't depos its (mil iw.mhp.r) Turnover outside N Y . City (per cent) 235.2 382.4 392.1 425.2 473.0 577.1 593.8 641.2 726.9 43.4 46.1 49.1 52.6 158.1 162.5 172.2 182.6 23.3 10.9 25.3 33.0 180.9 183.5 203.9 237.9 204.2 194.4 229.2 270.9 194.7 201.7 216.1 253.9 4.9 5.3 6.5 6.1 45.3 50.0 52.9 57.3 1972—July August September October November December 246.6 247.9 249.5 251.3 252.6 255.7 503.7 507.8 511.9 516.6 520.1 525.5 783.3 791.1 798.8 807.2 813.9 822.4 54.6 54.9 55.3 55.8 56.3 56.9 192.0 193.0 194.2 195.6 196.3 198.7 37.9 38.7 39.8 40.2 41.9 43.4 257.1 259.9 262.4 265.3 267.5 269.9 295.0 . 298.6 302.1 305.5 309.4 313.3 279.6 283.2 286.9 290.6 293.8 296.9 5.5 5.0 4.9 5.8 6.8 6.1 57.1 60.2 60.1 59.2 62.1 61.8 1973—January February March April May June July August September October November December 256.7 257.9 258.1 259.4 262.4 265.5 266.4 266.2 265.4 266.5 268.8 270.4 529.6 532.3 534.6 538.3 543.6 549.4 552.0 554.9 556.6 561.6 566.7 570.7 830.4 836.7 841.7 847.7 855.0 863.5 867.9 870.9 873.2 879.8 886.9 893.2 57.1 57.5 58.0 58.6 58.9 59.4 59.5 59.8 60.2 60.4 60.9 61.6 199.6 200.4 200.1 200.8 203.4 206.2 207.0 206.4 205.2 206.1 207.9 208.8 ' 44.7 49.1 54.6 58.4 61.3 62.0 63.9 66.3 66.7 63.8 62.0 62.8 272.8 274.4 276.6 278.9 281.3 283.8 285.6 288.7 291.2 295.1 297.8 300.3 317.6 323.5 331.1 337.3 342.6 345.8 349.4 355.0 357.9 358.9 359.9 363.1 300.8 304.4 307.0 309.4 311.4 314.2 315.9 315.9 316.6 318.3 320.2 322.6 6.7 6.1 7.6 7.1 5.2 5.3 3.9 4.8 5.0 6.0 5.8 4.9 64.1 66.1 67.8 66.2 67.3 68.7 71.3 73.6 72.4 74.7 77.1 75.5 1974—January 269.6 573.7 898.1 61.8 207.8 65.5 304.1 369.6 324.4 6.1 n.a. 270.3 269.5 270.0 269.0 268.5 572.5 572.0 573.7 573.8 573.8 61.5 61.7 61.8 62.0 61.9 208.8 207.8 208.2 207.0 206.6 64.3 64.8 64.7 65.8 67.0 302.2 302.5 303.7 304.8 305.3 366.5 367.3 368.4 370.6 372.3 n.a. n.a, n.a n.a n.a 6.0 6.8 1968--December 1969-December 1970--December 1971—December 201.5 Week ending; 1974--January * 208.6 221.2 2 9 16 23 30 Revised series. 6.5 6.2 5.5 TABLE 12-A Other liauid assets its Period Total liquid assets 1 Total 2 Currency 3 4 6 Total 7 Negotiable CD's 8 Commercial paper 9 Savings bonds 10 11 170.4 177.3 194.2 206.9 21$.4 231.4 272.0 111.3 119.3 122.4 139.5 154.1 152.4 147.0 14.9 14.5 19.1 22.4 9.0 23.0 29.7 8.4 10.8 12.8 18.9 29.1 24.7 23.9 38.4 43.9 39.5 46.8 64.9 53.3 39.6 49.5 50.1 51.0 51.4 51.1 51.3 53.7 169.4 170.0 170.4 172.0 172.1 175.0 252.4 255.1 257.5 260.3 262.4 264.8 299.6 303.4 307.5 311.5 315.0 318.1 154.6 154.7 155.1 156.3 159.7 162.8 34.8 35.6 36.6 36.8 38.2 39.3 27.1 26.7 26.1 26.0 26.8 27.3 37.1 36.6 36.3 37.1 38.1 39.1 55.6 55.8 56.1 56.4 56.7 57.0 57.1 57.5 58.0 58.6 58.9 59.4 59.5 59.8 60.2 60.4 60.9 61.6 175.4 175.7 175.4 175.6 177.7 180.2 180.7 179.7 178.6 178.9 180.3 180.8 267.7 269.2 271.4 273.4 275.7 278.3 280.0 283.1 285.6 289.3 291.8 293.3 322.7 326.6 329.5 3*2.3 334.6 337.8 339.7 339.7 340.5 342.4 344.5 347.0 164.1 166.9 174.0 180.2 185.5 187.8 191.8 198.7 202.5 201.6 202.5 206.3 40.3 44.3 49.6 53.3 56.0 56.4 58.4 60.8 61.1 58.0 56.3 57.2 27.4 26.9 26.2 26.1 26.4 27.3 28.5 30.2 32.0 33.4 34.4 35.3 39.2 38.1 40.3 42.6 44.6 45.4 45.9 48.4 50.1 50.8 52.2 54.0 57.3 57.6 57.9 58.2 58.5 58.8 59.0 59.2 59.4 59.5 59.7 59.9 61.8 178.9 296.5 349.1 210.4 59.8 36.0 54.5 60.0 563.0 593.6 643.3 704.4 ' 737.3 785.1 867.1 451.6 474.3 521.0 564.8 583.3 632.8 720.1 36.3 38.3 40.4 43.4 46.1 49.1 52.6 119.6 121.7 130.0 140.0 144.5 153.1 161.7 1972—July August September Octobar November December 930.6 938.2 945.8 955.9 965.5 977.4 776.0 783.5 790.7 799.6 805.8 814.7 54.6 54.9 55.3 55.8 >56.3 56.9 1973—January February March April May June July August, September Octobar November December 987.0 995.9 1008.2 1020.0 1032.4 1043.5 1051.7 1060.9 1067.5 1072.6 1080.0 1089.1 822.9 829.0 834.3 839.9 846.9 855.7 859.9 862.2 865.0 871.0 877.4 882.8 1974—January 1096.6 886.3 For description of items, and computation of ratios see Table 14-C. 5 Thrift institutions 125.3 137.0 156.4 174.5 177.3 199.2 233.8 1965—December 1966—-December 1967—December 1968—December 1969—December 1970—December 1971—December * Commercial banks Demand deposits U.S. shortterm marketable Treasury securities k , TABLE 12-B Period Currency and demand deposits to liquid assets 12 Bank liability to liquid assets 13 t Time deposits at thrift institutions to liquid assets 14 Liquid assets to GNP 15 Currency and demand deposits to GNP 16 1965--Dec. 1966 -Dec. 1967--Dec, 1968--Dec. 1969 -Dec. 1970 -Dec. 1971- Dec. 1972- Dec. 1973--Dec. 1973—March June September December 27.7 27.0 26,5 26,0 25.8 25.7 24.7 23.7 22.3 23.1 23.0 22.4 22.3 46.2 46.0 47,5 47,8 44.9 47.8 49.0 49.0 48.8 29.2 49.3 49.2 48.8 30.3 29.9 30,2 29,4 29.2 29.5 31.4 32.5 31.9 32.7 32.4 31.9 31.9 79.0 77.6 78,0 78,1 78.0 77.9 78.9 80.1 80.9 80.2 81.1 81.3 81.0 22.2 21.2 20,8 20.5 20.3 20.2 19.9 19.3 18.4 18.8 18.6 18.4 18.1 1972—Jan. Feb. Mar. Apr. May June July Aug. Sept. Oct. Nov. Dec. 24.5 24.6 24.6 24.4 24.2 24.0 24.1 24.0 23.9 23.8 23.7 23.7 49.1 49.2 49.1 49.0 49.0 49.0 49.1 49.1 49.1 49.1 49.0 49.0 31.6 31.8 31.9 32.0 32.0 32.1 32.2 32.3 32.5 32.6 32.6 32.5 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. 1973—Jan. Feb. Mar. Apr. May June July Aug. Sept. Nov. Dec. 23.6 23.4 23.1 23.0 22.9 23.0 22.8 22.6 , 22.4 22.3 22.3 22.3 49.0 49.1 49.2 49.2 49.3 49.3 49.4 49.4 49.2 49.1 48.9 48.8 32.7 32.8 32.7 32.6 32.4 32.4 32.3 32.0 31.9 31.9 31.9 31.9 n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a.. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. 1974—Jan. 22.0 48.8 31.8 n.a. n.a. ^ Oct. 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. A l l issues due in one year or less, including bonds and notes, plus a sliding proportion of issues due in 13 to 24- months . Series E and H savings bonds held by individuals. Sum of columns 3 and 4 to column 1. Column 6 to column 1. Column 1 to GNP. Annual averages are based on 12-month averages of column 1 and annual GNP. Quarterly averages are based on 3-month averages of column 1 and quarterly GNP. Sum of columns 3 and 4 to GNP. Annual averages are based on 12-month average of columns 3 and 4 and annual GNP. Quarterly averages are based on 3-month average of columns 3 and 4 quarterly GNP.
@FedFRASER