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>v ,r r January 1976 3 L.4.3 Not For Publication ,•> PrC BANKING AND MONETARY DEVELOPMENTS December 1975 Banking Section Division of Research and StatistBoard of Governors of the Federal RP Table 1 Changes in Commercial Bank Credit, Money Stock and Time Deposits 1974 Year Total bank c r e d i t ^ U.S. Gov't securities Other securities 1/ Loans — Seasonally adjusted annual rates (per cent) 1975 3rd 4 th 2nd 2nd 1st Qtr.p Nov.p Qtr.p Qtr. Qtr. Year p halfp 9.2 4.3 3.5 5.8 4.6 3.7 3.1 10.6 —6.8 —7.6 59.6 15.2 79.5 95.0 26.0 4.2 19.2 25.2 7.9 3.2 2.7 .3 7.1 3.9 1.4 9.9 -19.6 11.5 —•6 2.0 .1 -6.7 .4 3.5 9.5 —8.0 -3.7 -10.2 .2 2.9 6.7 -8.0 4.3 2.7 4.5 n.a. 1.4 n.a. -7.2 Business loans 17.6 -2.7 1.6 Real estate loans 10.4 2.2 2.3 n.a. n.a. Consumer loans Dec.p 3.5 3.1 1.2 .3 -6.7 —6.8 5.4 Adjusted for loansi sold to selected affiliates 3.6 3.1 10.5 .2 3.4 9.4 —8 • 6 2.5 6.0 -9.2 3.6 1.8 9.4 -3.2 6.3 2.6 11.8 11.9 9.7 14.6 8.9 10.2 11.9 8.2 -5.7 -5.0 3.8 .9 1.1 4.3 3.4 Loans 11.5 -.8 1.8 Business loans 17.4 -2.7 1.3 -3.5 -9.8 Money stock - M^ 4.7 4.2 2.7 1.4 9.7 15.0 7.7 7.2 9.2 9.4 11.9 9.7 11.8 26.3 -6.9 -1.2 Total time deposits Time other than CD's CD's (dollar change in billions) 5.7 4.6 9.2 Total bank credit — —6 • 7 - 1/ Adjusted to exclude domestic interbank loans. n.a. - Not available Note: Money stock and related measures revised to incorporate the latest benchmark adjustments for, nonmember banks and revised seasonal factors. Table 2 Loans and Investments at All Commercial Banks (Seasonally Adjusted) Total-/ Date 1/ Loans— U.S. Goy't. securities o Other secuirites (In billions of dollars) 1/ If 3/ 1970——Dec. 1971——Dec. 1972—Dec. 1973—Dec. 31 31 31 31 435.5 484.8 556.4 630.3 291.7 320.3 377.8 447.3 57.9 60.1 61.9 52.8 85.9 104.4 116.7 130.2 1974—July Aug. Sept. Oct. Nov. Dec. 31 28 25 30 27 3/ 31 687.5 693.9 689.9 690.8 692.5 687.1 494.8 501.5 500.2 502.0 503.8 498.2 55.9 55.3 52.3 49.8 49.1 48.8 136.8 137.1 137.4 139.0 139.6 140.1 1975——Jan. Feb. Mar. Apr. May June July Aug. Sept. Oct. Nov. Dec. 29 26 26 30 28 30 30 27 24 29 26 31 690.0 692.6 697.0 699.1 702.0 705.0 706.4 710.4 711.6 715.0 721.3 717.2 501.3 498.9 498.3 495.0 492.8 489.9 489.6 490.7 490.4 494.1 498.0 48.7 53.2 58.5 64.0 68.2 72.4 73.4 75.6 77.1 75.1 76.3 140.0 140.5 140.2 140.1 141.0 142.7 143.4 144.1 144.1 145.8 147.0 P P P P P P . ' ; 494.7 77.9 144.6 Adjusted to exclude domestic commercial interbank loans. p - Preliminary. Beginning June 30, 1974, data revised to include one large mutual savings bank which merged with a nonmember commercial bank. Total loans and investments were increased by about $600 million of which $500 million were in loans and $100 million in "other securities." Beginning October 31, 1974, as the result of the liquidation of one large bank total loans were reduced by $1.0 billion; business loans by $0.6 billion; real estate loans by $0.2 billion; nonbank financial loans by $0.2 billion; and "other securities" by $0.5 billion. However, business loans were increased and real estate loans were reduced by $0.1 billion as the result of loan classifications at one large m i d e a s t e m bank. Table 3 LOANS SOLD OUTRIGHT BY COMMERCIAL BANKS AND BANK CREDIT ADJUSTED FOR SELECTED LOAN SALES Commercial, bank credit (seasonally ad jus ted) Loans sold outright by commercial banks Date Business Loans Total 2.0 4.5 1971—Dec. 2.0 4.4 1972--Dec. 2.9 1973—Dec. 6 # 1 f n.a. n.a. 1974—Dec^ 1975 Jan. Feb. Mar. Apr. May June July Aug. Sept. Oct. Nov. Dec. 29 26 26 30 28 30 30 27 24 29 26 31 p p p p p p 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. Sold to Affiliates 1/ Business Loans Total Sold to nonbank public 2/ Business Loans Total Total loans and investments Ad lusted 3/ O'riginial Total loans Ad lusted 3/ Original 323.1 320.3 380.4 377.8 451.6 447.3 498.2 503.0 2.8 2.6 4.3 4.8 1.6 1.7 2.6 2.7 1.7 1.8 1.8 n.a. 0.4 0.3 0.3 n.a. 484.8 556.4 630.3 687.1 487.6 559.0 634.6 691.9 4.6 4.5 4.7 4.6 4.7 4.7 4.5 4.5 4.5 4.7 4.7 4.4 2.7 2.7 2.8 2.7 2.8 2.9 2.8 2.8 2.8 n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. 690.0 692.6 697.0 699.1 702.0 705.0 706.4 710.4 711,6 694.6 697.1 701.7 703.7 706.7 709.7 710.7 714.9 716.1 501.3 498.9 498.3 495.0 492.8 489.9 489.6 490.7 690.4 2.9 2.8 2.6 n.a. n.a. n.a. n.a. n.a. n.a. 715.0 721.3 717.2 719.7 726.0 721.6 494.1 498.0 494.7 n.a. Business loans Ad lusted 4/ Original 115.9 129.7 155.8 182.6 117.5 131.4 158.4 185.3 505.9 503.4 503.0 499.6 497.5 494.6 494.1 495.2 494.9 184.1 182.5 180.9 180.5 179.1 176.3 177.6 177,5 176.4 186.8 185.2 183.7 183.2 181.9 179.2 180.4 180.2 17Q.2 498.8 502.7 499.1 177.9 178.9 177.7 180.8 181.7 180.3 To bank holding companies, affiliates, subsidiaries, and foreign branches. Beginning August 28, 1974, loans sold outright to selected bank affiliates reflect a newly issued definition of the group of affiliates included as well as a somewhat different group of reporting banks. To other than banks 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. 5/ Beginning June 30, 1974, data revised to include one large mutual savings bank which merged with a nonmember commercial bank. Total loans and investments were increased by about $600 million of which $500 million were in loans and $ 100 million in 11 other securities." 6/ Beginning October 31, 1974, as the result of the liquidation of one large bank, total loans were reduced by $1.0 billion; business loans by $0.6 billion; real estate loans by $0.2 billion; nonbank financial loans by $0.2 billion; and "other securities" by $0.5 billion. However, business loans were increased and real estate loans were reduced by $0.1 billion as the result of loan reclassifications at one large mideastern bank. p - Preliminary. - revised 1/ i Table 4 Loans at all Commercial Banks Seasonally Ajusted Business Date Real Estate (I n Consumer Security b i 1 l i o n s c f d o l l Nonbank Financial Agriculture a r s) 1971--Dec. 1972—Dec. 1973--Dec. 31 31 31 115.9 129.7 155.8 81.4 98.1 117.7 60.2 70.4 80.9 10.8 14.7 12.2 15.5 21.5 28.0 12.8 14.6 17.7 1974--June July Aug, Sept. Oct. Nov. Dec. 30 ~ 31 28 25 30 27 2/ 31 174.6 178.0 181.0 181.4 183.2 184.3 182.6 126.3 127.2 128.0 128.6 129.1 129.5 130.2 82.9 83.6 84.2 84.4 84.5 84.2 87.0 12.0 14.1 14.9 12.1 12.2 12.1 11.4 31.4 33.5 35.0 34.5 34.5 35.0 32.3 18.1 18.1 18.2 18.3 18.3 18.5 18.6 1975—Jan. Feb. Mar. Apr. May June July Aug. Sept. Oct. Nov. 29 26 26 30 28 30 30 27 24 29 26 184.1 182.5 180.9 180.5 179.1 176.3 177.6 177.5 176.4 177.9 178.9 177.7 130.7 130.9 131.2 131.5 131.5 131.6 131.6 131.6 131.7 132.3 132.6 133.1 86.9 86.6 85.5 85.0 84.4 84.1 84.5 84.8 85.3 85.8 85.9 n.a. 11.4 10.8 12.0 10.4 11.4 12.2 10.7 10.7 9.8 10.9 12.7 11.8 34.1 33.7 32.8 30.9 32.7 30.3 30.9 31.6 30.6 18.6 18.4 18.5 18.6 18.5 18.7 18.9 19.0 19.3 30.4 30.4 27.6 19.5 19.8 20.1 Dec. p p p p p 31 P . n.a* - Not available. p - Preliminary 1/ Beginning June 30, 1974, data revised to include one large mutual savings banks which converted to a nonmember commercial bank* Total loans and investments were increased by about $600 million of which $500 million were in loans and $100 million in "other securities". 2/ Beginning October 31, 1974, as the result of the liquidation of one large bank, total loans were reduced by $1.0 billion; business loans by $0.6 billion; real estate loans by $0.2 billion; nonbank financial loans by $0.2 billion; and "other securities" by $0.5 billion. However, business loans were increased and real estate loans were reduced $0.1 billion as the result of loan reclassifications at one large mideastern bank. _3/ Consumer loans revised beginning December 1974; prior figures beginning 1971 will be revised later. http://fraser.stlouisfed.org/ # e • • e e # # • • • • • • # e Federal Reserve Bank of # St. e Louis • l Table 5 Changes in Loans and Investments at All Commercial Banks, Seasonally Adjusted (In billions of dollars) Item L 1974 1?75 Dec. Jan. Feb. Mar. Apr. May June July.p Aug. p Sept.p Oct »p -5.4 +2.9 +2.6 +4.4 +2.1 +2.9 +3.0 +1.4 +4.0 +1.2 +3.4 +6.3 -4.1 U. S. Gov't, securities -.3 — .1 +4.5 " +5.3 +5.5 +4.2 +4.2 +1.0 +2.2 +1.5 -2.0 +1.2 +1.6 Other securities +.5 -.1 +. 5 -.3 -.1 +.9 +1.7 +.7 + .7 V +1.7 +1.2 -2.4 -5.6 +3.1 -2.4 —. 6 -3.3 -2.2 -2.9 -.3 +1.1 -.3 +3.7 +3.9 -3.3 -1.7 +1.5 —1.6 -1.6 -.4 -1.4 -2.8 +1.3 -.1 -1.1 +1.5 +1.0 -1.2 Real estate +.7 + .5 + .2 + .3 +.3 1/ +.1 1/ 1/ + .1 +. 6 +.3 + .5 Consumer —/ -.5 -.1 -.3 -1.1 -.5 -.6 -.3 + .4 + .3 + .5 +.5 + .1 n.a. Security -.7 1/ — .6 +1.2 -1.6 +1.0 +.8 -1.5 1/ -.9 +1.1 +1.8 -.9 -2.7 +1.8 -.4 -.9 -1.9 +1.8 -2.4 + .6 +.7 -1.0 -.2 V +.1 +.1 -.1 + .2 + .2 +.1 + .3 +.2 +.3 + .3 +1.2 + .7 -2.9 +1.5 -1.3 +.1 +1.8 V +.4 n.a. Loans and Investments 2/ Loans 2/ Business Nonbank financial Agriculture +.1 1/ -.2 All other —. 8 -.6 +.5 i 1/ 2J 3/ Less than $50 million. Adjusted to exclude interbank loans. Consumer loans revised beginning January 1975; prior data back to 1971 will be revised later p - Preliminary . -2.8 Table 5 Changes in Loans and Investments at All Commercial Banks, Seasonally Adjusted Adjusted for Loans Sold to Affiliates (In billions of dollars) Item Dec. Jan. Feb. Mar. Apr. May June July d. Aug. p. Sept. p. Oct .p Nov.p j Dec.p -5.5 +2.7 +2.5 +7.6 +2.0 +3.0 +3.0 +1.2 +4.0 +1.2 +3.6 +6.3 ; U. S. Gov't, securities -.3 -.1 +4.5 +5.3 +5.5 +4,2 +4.2 +1,0 +2.2 +1.5 -2.0 +1.2 Other securities +.5 -.1 +.5 -.3 -.1 + .9 +1.7 +. 7 + .7 1/ +1.7 +1.2 ; -2.4 -5.7 +2.9 -2.5 -.4 -3.4 —2.1 -2.9 -0.5 +1.1 -.3 +3.9 +3.9 ; -3.6 -1.7 +1.5 -1.6 -1.5 -.5 -1.3 -2.7 +1.2 -1.1 +1.6 + ,9 Loans and Investments 2/ .Loans 2/ Business 1/ 2/ Less than $50 million. Adjusted to exclude interbank loans, (p - Preliminary —.1 -4.4 +1.6 -1.4 Table 6 Changes in Loans and Investments at All Commercial Banks, at Weekly Reporting Banks, and at Other Banks, Not Seasonally Adjusted Adjusted for Loan Sales wi i m - L n i . u Last Wednesday of November to end of D ecember Item 1975p 1974 1973 1972 1971 1070 2/ All commercial banks — Total loans U. S. Gov't, securities Other securities Total +8.8 +4.6 -0.2 +13.2 +8.7 +2.3 +2.4 +13.4 +14.5 +0.5 +4.1 +19.1 +15. 6 +3.8 +2.2 +21.6 +11.0 +3.9 +3.1 +18.0 +9.7 +3.5 +3.6 +16.7 +9.2 -0.4 +0.5 +9.3 2/ 3/ All Large Banks — — Total loans U. S. Gov't, securities Other securities Total +4.7 +2.7 -0.5 +7.0 +5.7 +2.0 +1.1 +8.8 +12.4 +1.4 +2.7 +16.5 +12.6 +2.4 +0.8 +15.8 +8.5 +2.2 +1.6 +12.3 +7.0 +2.2 +2.2 +11.4 +6.4 1/ 1/ +6.4 Other banks U Total loans U. S. Gov't, securities Other securities Total +4.1 +1.9 +0.2 +6.2 +2.9 +0.3 +1.2 +4.5 +2.1 -0.9 +1.4 +2.6 +2.9 +1.5 +1.4 +5.8 +2.5 +1.7 +1.5 +5.7 +2.7 +1.2 +1.4 +5.3 +2.7 -0.3 +0.4 +2.9 Year ended December Item 1975p 1974 2/ All commercial banks — Total loans U. S. Gov't, securities Other securities Total -6.0 +29.7 +4.6 +28.4 +53.4 -3.8 • +10.3 +59.9 All Large Banks — — Total loans U. S. Gov't, securities Other securities Total —18.1 +16.3 -2.3 -4.1 +31.8 Other banks 2/ 3/ Total loans U. S. Gov't, securities Other securities Total +12.1 +13.5 +6.9 +32.5 NOTE| 1973 1972 1971 1970 1969 +72.9 —8 • 8 +13.5 +77.6 +58.8 +2.1 +12.4 +73.3 +30.0 +3.2 +17.9 +51.1 +11.9 +7.0 +14.8 +33.7 +25.6 -9.8 1/ +15.8 +1.4 +31.3 +44.7 —4.6 +5.1 +45.2 +34.4 +0.7 +3.6 +38.7 +12.9 +0.9 +7.7 +21.5 +4.1 +4.5 +8.6 +17.2 +14.4 -5.6 -2.9 +5.9 +21.5 -2.0 +9.0 +28.5 +28.2 -4.1 +8.4 +32.5 +24.4 +1.4 +8.8 +34.6 +17.1 +2.3 +10.2 +29.6 +7.8 +2.5 +6.2 +16.5 +11.1 -4.2 +2.9 +9.8 —1.8 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. Allowance has been made in monthly changes for all loan and security reclassifications. For description of reclassifications, see Table 3 and 8. 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 1967-1975. Table 7 Changes in Commercial and Industrial Loans at Large Commercial Banks (In millions of dollars) Late November to late December 1/ Year ending December 2/ Business of borrower 1971 Food processors Commodity dealers Trade concerns Retail trade Wholesale trade Metals Primary metals Machinery Transportation equipment Other fabricated metals Textiles, apparel, etc. Petroleum Chemicals Other durable manufacturing Other nondurable manufacturing Mining Public Utilities, total Transportation 3/ Communication Other public utilities Construction All other types of business Bankers acceptances Services Other Foreign business concerns Classified Unclassified Total Change 1/ 2/ 61 165 -373 -497 124 -95 —46 -57 10 -2 -142 91 -92 -130 27 17 =M -22 -51 45 45 949 484 227 238 246 741 467 L»208 1972 1973 207 158 -611 -634 23 375 4 366 -32 37 -91 46 234 62 61 67 888 219 221 448 45 923 179 337 407 104 2,468 396 2,864 195 115 -398 -572 174 399 -171 464 98 8 -131 203 4 -11 -27 117 1,187 234 390 563 -106 1,096 57 486 553 36 2,679 576 3,255 1974 1975p 357 203 -58 20 -435 -659 -598 -563 163 -96 306 -362 70 18 -83 -107 333 • -183 -14 —90 -336 -158 318 -155 92 43 -176 -150 55 —68 235 663 1,150 160 298 135 279 -5 573 30 -216 -92 326 1,916 19 960 144 229 163 727 -31 -131 1,587 1,230 581 373 2,168 •1-1,603 1973 -119 316 858 79 779 1,560 -186 -928 -234 -212 53 -295 -546 -55 —81 -207 -391 -545 -122 276 422 1,900 .600 457 843 973 1,268 992 2,260 1972 1973 626 153 1.285 951 334 -23 -17 388 -492 9ti 484 -206 -333 408 —63 -105 1,133 -138 422 849 952 872 -717 1,159 430 629 5,812 2,275 8,087 814 73 2.208 1,393 815 2,810 -223 2,066 370 59/ 524 417 511 811 395 105 2,611 404 91 2,116 867 4,010 -249 2,010 2,249 254 16,410 2,297 18,707 1974 787 96 2,119 1,002 1,117 4,476 187 2,323 1,381 585 429 781 964 1,231 414 904 2,530 193 4 2,333 737 2,198 . 366 760 1,072 52 17,718 2,621 20,339 1975o : -1,104 -494 -2,102 -815 -1,287 -4,467 73 -2,933 -710 -877 -778 112 -679 -1,412 -697 909 -2,350 -277 -450 -1,623 -685 2,308 3,276 -1,146 178 976 -10,463 -424 -10,887 Five most comparable weeks used throughout. Changes are compiled from January 6, 1971; January 5, 1972; January 3, 1973; January 2, 1974; and December 31, 1974. These data cannot be linked with all commercial bank data which are always for December 31. TABLE 8 Loans and Investments at All Commercial Banks (In billions of dollars) (Not seasonally adjusted) Loans and investments Date U.S. Gov't. Business Real estate Security Farm Consumer Nonbank financial institutions All other 60.2 71.4 80.6 88.4 98.4 108.4 112.5 118.5 132.7 159.4 132.0 43.7 49.3 53.9 58.5 65.1 70.04/ 72.5 81.6 98.4 118.0 99.6 8.4 8.5 9.0 10.5 11.8 10.7 12.1 12.9 17.6 14.6 14.9 7,.5 . 8.2 8..6LI 9..3 9,.7 10..3 11..2 12..5 14..3 17.,3 14..6 31.0 35.7 38.3 40.6 46.3 51.0 53.6 60.5 70.6 10.,9 13..3 13..3 12. 5 13.' 7 < / 15., iA/ 15.,9 16.9 23., 4 15.7 1.6.8 15.3 16.9 19. 3 20.6 21.2 25.3 30. 3 65.6 177.4 203.2 , , 219.0l/ 1/ 236.8 264.4 286.1 299.0 328.3 387.3 458.5 383.5 81.2 71.0 30. 5 22. 2 37.3 29.2 638.4 642.1 654.0 664.2 669.8 681.6 686.3 689.4 689.5 689.5 692.2 705.6 58.8 57.7 57.5 56.4 54.1 52.1 52.2 52.0 50.7 50.7 52.1 54.5 130.7 131.7 133.5 134.7 135.5 137.6 136.9 136.8 137.6 138.1 138.1 140.5 448.9 452.7 463.0 473.0 480.3 491.8 497.2 500.6 501.2 500.7 502.0 510.7 156.2 157.9 164.9 170.2 172.3 177.2 178.4 179.4 181.5 182.0 183.2 186.8 118.8 119.5 120.8 122.5 124.1 126.2 127.2 128.3 129.2 129.9 130.1 130.6 11.2 12.6 11.6 10.7 11.2 • 12.2 13.7 14.4 12.2 12.0 11.7 13.6 17 .3 17,.5 17,.7 17 .9 18..1 18..4 18..5 18..6 18..5 18..3 18..3 18..2 81.0 80.9 80.9 81.8 82.5 83.4 84.1 85.0 85.1 84.9 84.4 87.3^ 28..7 28..7 29..7 30..9 32..2 33..6 34.,4 34. 3 34.,4 33. 9 34. 0 35. 2 35.7 35.6 37.4 39.0 39.9 40.8 40.9 40.6 40.3 39.7 40-3*/ 38.8^' 53.5 54.6 59.3 63.3 65.0 68.2 69.6 72.1 75.4 76.1 139.1 139.5 140.9 141.7 141.7 143.9 143.6 143.8 144.3 144.8 496.5 492.8 492.3 493.1 491.6 497.2 491.7 489.7 491.7 492.4 181.9 180.7 180.5 181.1 178.7 179.0 177.5 176.0 130.6 130.4 130.4 13.0.8 131.0 131.4 131.6 131.9 11.3 10.6 86.3 85.5 32,.8 32,.2 31,.7 31.,7 31.,6 32.,4 31,.4 31,,0 35.5 35.3 11.7 10.0 11.2 12.4 10.4 10.3 18..1 18.1 18,.3 18..5 18,.7 19..1 19..3 19..5 35.3 36.6 36.1 38.2 36.5 35.4 176.8 1 76,6 132.4 133.1 9.8 10.7 19, 6 19.,5 26 p 689.1 686.8 692.5 696.1 698.3 709.3 704.9 705.6 711.5 713.3 720.9 79.6 145.3 496.0 30.,7 29. 6 177.8 734.4 84.2 145.1 505.1 181.1 12.3 14.1 36.4 36.7 31 P 133.3 133.5 19. 5 19. 7 29.,5 29. 5 37.5 n. a. 31 31 31 30 31 313/ 31 31 311/ 31 279.2 307.6 , 324.0l/ 360.8 400.4 412.1 446.8 497.9 571.4 647.3 63.0 59.5 56.2 62.5 64.5 54.7 61.7 64.9 67.0 58.3 197 3 — J a n . 31 565.6 1974—Jan. Feb. Mar. Apr. May June July Aug. Sept. Oct. Nov. Dec. 30 27 27 24 29 306/ 31 28 25 30 Sept. Oct. Nov. Dec. Total loans 38.8 44.9 48.0 61.5 71.5 71.3 86.1 104.7 117.1 130.6 116.5 1964—Dec. 1965—Dec. 1966—Dec. 1967—Dec. 1968—Dec. 1969—Dec. 1970—Dec. 1971—Dec. 1972—Dec. 1973—Dec. 1975—Jan. Feb. Mar. Apr. May June July Aug. Other securities 27-Z/ 31 29 26 26 30 28 30 30 p 27 P 24 p 29 p 84.4 84.4 84.3 84.6 85.0 85.6 86.0 86.2 86.1 n.a. a.a. - Not Available. P " Preliminary. Data exclude domestic interbank loans. Consumer, and "other loans" were partly estimated for all dates. Other data are partly estimated on all but June and December call dates. Beginning June 9, 1966, $1.1 billion of balances accumulated for the payment of personal loans were deducted from time deposits and "all other" loans. Beginning June 30,.1966, about $1 billion of participation certificates previously included in agricultural and "all other" loans were reclassified as "other securities. Data revised beginning June 1969, to include all bank premises subsidiaries and other significant, majority-owned domestic subsidiaries. Real estate loans decreased by $500 million on December 31, 1969, and loans to nonbank financial institutions increased by $500 million due to change in method of reporting mortgage loans held under repurchase agreements. Beginning June 1972, business loans were reduced by $400 million, nonbank financial institutions increased by $300 million, and "other" loans increased by $100 million as the result of loan reclassifications at one large bank. Beginning June 30, 1974, data revised to include one large mutual savings bank which merged with a nonmember commercial bank. T o t a l loans and investments were increa by about $600 million of which $500 million were in loans and $100 in "other securities." Beginning October 31, as the result of the liquidation of one large bank, total loans were reduced by $1j0 billion; business loans by $0.6 billion; real estate loans by $0.2 billion; nonbank financial loans by $0.2 billion; and "other securities" by $0.5 billion. However, business loans were increased and real estate loans reduced by $0.1 billion as the result of loan reclassifications at one large mideastern bank. Consumer loans and "all other" loans revised beginning December 1974; prior figures beginning 1971 will be revised later. 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* 2 / 1969- -Dec . 31*=/ 1970- -Dec . 31* , 1971- -Dec . 31*=/ 1972- -Dec . 31* 1973--Dec. 31* TABLE 9 * Ratios of Total Deposits L O A N S B a n k s M e m b e r 1 j Reserve City Banks i i City . All of New York commercial Other Country C hicagc City Total banks 54.0 55.1 54.5 56.5 58.6 60.5 63.7 65.8 63.8 64.7 72 .0 67.3 65.7 67.9 72.0 (63.7) (69.8) (66.2) (65.6) (67.7) (71.8) 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 75.3 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) 87.7 (86.4) 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 93.7 58.2 59.0 57.7 60.1 63 .3 65 .0 68.7 70.2 68.1 69.1 79.5 73.3 71.6 77.3 81.7 48.2 50.3 50.2 51.7 53.8 56.0 i 57.9 i 59.2 58.2 58.2 62.8 60.2 59.2 60.1 S3.9 MEMBER BANK DATA NOW AVAILABLE ONLY ON CALL DATES 1974—June 30* July 31* Aug. 28* Sept.25* Oct. 30* Nov. 27* Dec. 31* 74.7 75.9 76.5 76.2 75.6 75.4 72.9 (74.3) 78.4 (75.5) (76.1) (75.9) (75.4) (75.1) (72.5)' 76.0 1975—Jan. 29* Feb. 26* Mar. 26* Apr. 30* May 28*] June 30 July 30*p Aug 27*p Sept.24*p Oct. 29*p Nov. 26*p 74.1 73.7 72.6 72.0 71.8 70.5 71.3 71.1 71.1 70.6 70.4 (73.8) (73.5) (72.4) (71.7) Dec. 31*p 73.4 m (71.1) (70.8) (70.8) (70.3) ao.p) 89.4 (87.4) 101.1 85.4 66.0 87.4 (85.8) 91.5 81.9 64.6 85.0 (83.9) 93.6 78.4 62.7 j 68.9 (68.5) * - 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 http://fraser.stlouisfed.org/ data had also excluded loans to foreign commercial banks. Federal Reserve Bank of St. Louis Table 10 Money Stock Measures and Deposit Turnovers (Seasonally adjusted; dollar amounts in billions) M2 Ml Currency plus demand -. / deposits— Mi plus time dep. at comm. other than9/ large CD's— M3 M2 plus deposits at nonbank thrift institutions and credit union «. shares- Currency Components of money stock measures and related items ti.S. Gov11. Mondeposits bank thrift Demand (all member) institutions Total Other CD's Deposits N.Y. City (per cen$ 1973-December 1974-November December 270.5 282.5 283.1 571.4 610.5 612.4 919.5 976.9 981.6 61.5 67.4 67.8 209.0 215.1 215.3 63.5 86.0 89.8 300.9 328.0 329.3 364.4 414.0 419.1 348.0 366.4 369.2 4.3 4.2 2.3 75.8 87.5 86.6 1975-January February March April May June July Aug. Sept. Oct. Nov. Dec.p 281.9 281.9 284.1 284.9 287.6 291.0 291.9 293.2 293.6 293.4 295.7 294.9 614.5 618.2 623.0 626.7 633.7 642.4 647.5 650.6 652.9 655.7 663.3 986.7 994.0 1003.7 1012.7 1025.3 1040.2 1051.6 1060.6 1068.1 1075.6 1085.9 1091.7 68.2 68.7 69.4 69.5 70.2 71.0 71.3 71.9 72.0 72.6 73.4 73.7 213.7 213.2 214.7 215.4 217.4 220.0 220.6 221.3 221.6 220.8 222.3 221.2 92.7 92.1 89.8 88.4 85.1 84.1 82.1 78.8 79.1 80.9 81.8 82.9 332.6 336.2 339.0 341.8 346.1 351.4 355.5 357.4 359.2 362.3 365.9 368.4 425.4 428.3 428.7 430.1 431.2 435.5 437.6 436.2 438.3 443.2 447.6 451.2 372.2 375.9 380.7 386.0 391.6 397.8 404.1 410.0 415.2 420.0 424.4 428.4 1.0 .3 .7 2.0 2.5 4.1 2.5 2.9 3.1 2.9 3.6 3.1 83.5 85.8 82.2 82.1 83.0 80.2 81.7 86.2 85.1 83.5 84.9 n.a. Week ending; Dec. 3 10 17 24p 31p 295.4 294.8 294.5 294.2 295.3 662.9 663.2 662.7 663.0 664.0 n.a. n.a. n.a. n.a. n.a. 73.6 73.6 73.8 73.8 73.7 221.8 221.2 220.7 220.4 221.6 82.6 82.8 82.9 82.9 82.8 367.4 368.4 368.2 368.7 368.7 450.1 451.2 451.1 451.6 451.5 n.a. n.a. n.a. n.a. n.a. 3.4 3.2 4.7 2.9 *2.0 n.a. n.a. n.a. n.a. n.a. 1/ ~ 661.6 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 M 9 , plus the average of the beginning and end of month deposits of mutual savings banks, savings and loan shares and credit union shares. 4/ Average of beginning and end of month deposits at mutual savings banks, savings and loan shares, and credit union shares. NOTE: Money stock and related measures revised to incorporate the latest benchmark adjustments for nonmember banks and revised seasonal factors. Table ll-A Liquid Asset Holdings of Private Domestic Nonfinancial Investors (Seasonally adjusted monthly averages; amounts in billions of dollars, ratios in per cent) Currency and Deposits^/ Other Liquid Assets Time Deposits Total liquid assets 1 Period Total 2 Currency 3 Demand deposits 4 Commercial banks 5 Thrift institutions 6 Total 7 Negotiable Commercial paper CD's 8 9 U.S. shortterm marketable Treasury securities 10 Savings bonds 11 1970—Dec. 1971—Dec. 1972—Dec. 1973—Dec. 786.7 868.7 980.2 1093.5 634.4 721.1 816.0 885.3 49.1 52.6 56.9 61.6 153.2 161.7 175.2 181.5 199.2 233.6 264.7 294.8 232.9 273.2 319.1 347.4 152.3 147.6 164.2 208.3 23.1 30.3 39.9 58.1 24.7 24.0 27.6 38.3 53.2 39.6 39.8 52.1 51.3 53.7 57.0 59.9 1974—Nov. Dec. 1179.9 1184.7 938.6 941.2 67.4 67.9 184.6 183.1. 320.6 321.9 366.0 368.3 241.3 243.4 76.0 79.9 41.8 40.6 60.8 60.1 62.6. 62.8 197 5—Jan. Feb. Mar. Apr. May June July Aug. Sept. Oct. Nov. Dec. 1191.8 1199.4 1208.0 1217.3 1226.6 1243.6 1253.7 1257.6 1265.2 1273.2 1285.0 1293.6 944.8 952.8 963.9 973.3 985.4 1002.5 1013.2 1021.6 1028.5 1035.5 1047.2 1053.1 68.2 68.7 69.4 69.5 70.2 71.1 71.4 71.9 72.0 72.5 73.4 73.7 180.0 180.6 182.2 183.1 184.6 188.0 188.3 188.7 189.0 188.2 190.7 190.1 325.1 328.3 331.4 334.0 338.2 344.3 348.3 350.8 352.9 356.2 360.4 363.3 371.5 375.3 380.9 386.8 392.4 399.1 405.2 410.2 414.6 418.7 422.8 426.0 247.0 246.6 244.2 244.0 241.2 241.1 240.5 236.0 236.7 237.7 237.7 240.4 82.5 82.3 80.0 78.8 75.7 74.0 72.0 68.4 69.4 71.6 70.9 72.8 40.3 40.6 41.1 41.4 41.7 41.8 41.7 41.0 40.0 39.5 39.1 39.0 61.0 60.2 59.4 59.7 59.5 60.6 61.7 61.1 61.5 61.1 61.1 61.7 63.2 63.5 63.8 64.1 64.4 64.7 65.1 65.5, 65.8 66.? : 66.6 • 66.9 NOTE: For description of items, and computation of ratios see Table 11-C. 4 TABLE 11-B Period - Currency and demand deposits to liquid assets^/ 12 Bank liability to liquid assetsi' 13 Time Deposits at thrift institutions to liquid assets 14 Liquid assets to GNP 15 Currency and demand deposits to GNP 16 1970- -Dec. 1971--Dec. 1972--Dec. 1973- -Dec. 1974--Dec. 25.7 24.7 23.7 22.2 21.2 47. 7 49. 0 49. 0 48. 9 49. 4 29. 6 31. 4 32. 6 31. 8 31. 1 77.9 78.9 79.9 80.6 82.3 20.2 19.9 19.3 18.4 17.8 1974- -QI Q2 Q3 Q4 21.9 21.6 21.4 21.2 49. 0 49. 5 49. 3 49. 4 31. 6 31. 1 31. 0 31. 1 81.9 82.6 82.2 82.5 1975- -QI Q2 Q3 20.8 20.8 20.6 49.,1 48.,8 48.,3 31..5 32,.1 32,.8 84.7 85.3 84.0 18.0 17.9 17.6 17.6 17.6 17.7 17.4 1975- -Jan. Feb. Mar. Apr. May June July Aug. Sept. 20.8 20.8 20.8 20.7 20.8 20.8 20.7 20.7 20.6 49. 3 49. 3 49.,1 48.,9 48.,8 48.,8 48.,5 48,.3 48,.3 31. 2 31. 3 31.,5 31,.8 32..0 32.• 1 32 .3 32 .6 32 .8 n.a. n.a. n.a. n.a. n.a. n.a. n»a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. 20.5 48 .3 48 .4 48. 4 32 .9 3 2 ,9 32..9 n.a. n.a. n.a, n.a. n.,a, n.a. Oct. Nov. Dec. 20,6 20.4 ' TABLE 11-C Liquid Asset Holdings Sum of columns 2 and 7 . Sum of columns 3, 4, 5, and 6. Money stock components after deducting foreign holdings and holdings by domestic financial institutions. The three columns add to held by domestic nonfinancial sectors. Deposits at nonbank thrift institutions, as published in money stock statistics, plus monthly-average deposits at credit unions . Sum of columns 8, 9, 10, and 11. Negotiable certificates of deposits over $100,000 at weekly reporting banks, except foreign holdings. Commercial paper held outside banks and other financial institutions . Short-term marketable U.S. Government securities excluding official, foreign, and financial institution holdings. 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.
@FedFRASER