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L.4.3 Not For Publication BANKING AND MONETARY DEVELOPMENTS December 1971 Banking Section Division of Research and Statistics Board of Governors of the Federal Reserve System TABLE 1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!.y adjusted annual rates (per cent) 1969 1970 1971 Second Second I 4th Year Year Year Half Year Half 1 Qtr. Dec. 11.0 2.9 8.4 13.5 10.8 9.5 8.9 11.3 U.S. Gov't, sec. 2.9 -15.7 12 .6 15 .2 4.0 -8.0 2.7 28.5 Other securities 16.3 20.6 29.1 20.0 15.1 17.7 22.3 Loans 11.6 8.2 4.5 8.9 9.1 11.2 7.2 4.2 11.1 10:6 3.8 7.0 6.2 8.0 - - 2.1 1968 Total bank credit Business Loans 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 ' 11.3 10.8 10.7 9.3 8.7 11.2 4.1 5.1 9.0 11.0 7.0 4.5 3.3 -1.1 5.6 7.4 -1.0 6.2 ' 2 .4 ' 3.2 5.4 • -4.9 17.9 • 5.2' 26.3 ' 17.9 ' 12 .2 — 1.1 2 .6 15.9 20.8 * - Bank credit series revised beginning January, 1959 to reflect changes in seasonal factors. Loans are now reported gross of valuation reserves, rather than net as previously. Loans now exclude only domestic commercial interbank loans; i.e., foreign commercial interbank loans are now included. For description of revision and back data, see December 1971 Federal Reserve Bulletin, pp. 971-77. TABIE 2 Loans and Investments at All Commercial Banks (Seasonally Adjusted) Date Total Loans ( I n b i l l i o n s U.S. Gov't, 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 .5 456.1 461.1 293.7 295.7 296.5 298.2 300.7 302.4 301.7 304.1 309.7 313.0 316.4 317.5 318 ,6 58.9 60.8 61.1 60.7 60.4 62.8 1971--Jan. Feb. Mar. Apr. May June 27 24 31 28 26 30 (old) (new) July 28 Aug. 25 Sept. 2 9 p Oct. 27 p Nov. 24 p Dec. 29 p 1/ 2/ 3/ 4/ 463.7 468.4 472.4 476.5 478.4 482.9 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 p - Preliminary. e - Estimated, Adjusted to exclude domestic commercial interbank loans. 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. Includes $800 million System matched sale-purchase transactions outstanding on Feb. 24. Beginning June 30, 1971, Farmers Home Administration insured notes totaling approximately $700 m i l l i ^ ^ p r e i n c l u ^ ^ i n other ^ ^ u r i t i e s ; pr^iously t h ^ ^ a d been included in rea^estate loans. mm #e mm mm mm mm mm mm TABLE 3 LOANS SOLD OUTRIGHT BY COMMERCIAL BANKS AND BANK CREDIT ADJUSTED FOR SELECTED LOAN SALES Date Loans sold outright by commercial banks (outSt*inding in billions of dollars N.S.i Sold to Sold to Affiliates 1/ nonbank public 2/ Business Business Business Total Total Total Commercial bank credit (seasonally adjusted) Total loans and investments Original Adjusted 3/ Total loans Original Adjusted 3/ Business loans Original Adjusted "4/ 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 0.4 424.3 426.2 429.3 435.9 429.5 430.6 433.1 438.9 288.4 289.1 290.0 292.0 293.6 293.5 293.8 294.9 109.7 109.5 109.4 110.1 113.4 112 .7 112.1 112.3 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 6 / 446.1 - 7 449.5 452.5 456.1 461.1 443.6, , 449.oi Z 452 .4 455.2 458.9 464.1 112.5 113.4 113.1 113.8 114.8 114.3 2 .2 2.3 2.3 2.2 2.2 2.0 2.8 2.8 3.0 2.9 2 .& 2.9 2.0 2.0 2.0 2.0 2.1 1.8 0.4 0.5 0.4 0.4 0.4 0.4 463.7 468.4 472.4 476.5 478.4 482.9 466 .5 471.1 475 .4 479.4 481.2 485.8 296.6, , 298.6^ 299.3 300.9 303.5 305.5 304.8 307.0 312.4 316.0 319.3 320.3 321.5 110.4 111.3 111.2 111.9 112.9 112.4 4.8 4.8 5.0 4.9 4.9 4.7 293.7, / 295.T6-7 296.5 298.2 300.7 302.4 301.7 304.1 309:7 313.0 316.3 317.5 318.6 113.9 115.8 116.9 117.3 116.7 116.9 115.7 117.6 118.8 119.1 118.5 118.5 (old) (new) P P P 1.8 1.8 1.9 1.8 .. 1.8 1.6 Net Chiimee (B Lllions <jf dollars 1970—Sept. Oct. Nov. Dec. 30 28 25 31 27 24 31 Apr. 28 26 May 30 July 2 8 Aug. 25 Sept. 29 Oct. 27 R Ndv. 24 P Dec. 31 P 1971—J^n. ieb. i£r. p e 1/ 2/ 3/ 4/ T/ 6/ It (Am lual rates :n per cent) -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/ 5/ -0.1 13.7 5.4 &.7 18.4 7.0 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 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/ -0.1 5/ -0.2 OU 0.3 -0.3 5/ 0.2 -0.1 -0,1 0.1 5/ 5/ -0.2 5/ 5/ 5/ -0.1 5/ 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/ 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 tl.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 —— —— -0.2 -0.2 -0.2 1/ 5/ Preliminary. Bsfcimated. To bank holding companies affiliates subsidiaries or foreign branches. To other than banks' and bank-related affiliates or subsidiaries. 1 Includes all loans sold to bank holding companies, affiliates, subsidiaries, or foreign branches. Includes business loaap 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" rather than in "real estate loans". TABLE 3 - Supplementary LOANS SOLD OUTRIGHT BY COMMERCIAL BANKS AND BANK CREDIT ADJUSTED FOR SELECTED LOAN SALES Loans sold outright by commercial banks (outstanding in billions of dollars N.S.A.) Sold to Sold to Affiliates 1/ nonbank public Business Business Business Total Loans Total Total Loans 1L 1969 May June July Aug. Sept. Oct. Nov. Dec. 28 30 30 27 24 24 26 31 2.0 2.8 3.7 4.2 4.7 5.9 6.1 5.3 1.1 1.7 2.4 2.7 3.0 3.9 4.1 3.2 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 5.1 5.8 6.0 6.4 7.1 7.2 6.9 6.6 t; 1.5 2.1 2.8 3.3 3.8 4.8 4.8 3.9 6.0 6.6 6.8 7.2 8.1 8.1 8.2 8.0 0.8 1.3 1.9 8/ 8/ 2.2 2.5 3.3 3.4 2.6 4.4 5.0 5.3 5.6 6.4 6.5 *6.3 6.0 0.5 0.7 0.9 0.9 0.9 1.1 1.3 1.4 0.5 0.5 0.5 0.6 0.7 0.6 1.7 0.7 1.8 1.8 0.8 1.8 1.8 1.8 1.9 1.8 0.7 0.8 0.7 0.7 0.6 0.6 Commercial bank credit (seasonally adjusted) Total loans and investments Original Adjusted 3/ 0.8 0.6 0.6 0.7 0.5 0.5 1.2 0.7 0.3 0.3 0.9 0.2 -0.8 -0.9 5/ -0.9 2.4 0.7 1.9 0.7 0.2 2.1 0.6 0.3 0.3 0.8 0.1 -0.8 1.8 0.2 0,2 0.6 0.6 0.4 0.9 5/ 0.4 0.7 0.4 0.9 0.3 0.3 0.8 0.2 -0.3 -0.3 0.2 -0.3 8/ 9/ 1.0 0.5 0.1 y 0.1 -0.2 0.1 -0.1 -0.3 401.3 402.7 402 .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 OQ9 .6 283.3 102.3 102.4 102.7 103.4 104.2 104.6 1 n 5.1 106.1 400.3 400.4 403.9 405.9 407.7 408.4 414.3 419.5 406.3 407.0 410.7 413.1 415.8 416.5 422.5 427.0 278.5 278.3 279.6 279.3 279.1 279.5 283 .2 285.7 284.0 284.8 286.5 286.5 287 .2 287.6 291.4 293.7 105.2 105.2 105.2 105.4 105.6 106.4 107.1 108.5 (Annual rates in per cent) 0.2 0.2 i; 0.2 0.2 0.1 0.3 0.1 5/ 0.1 0.1 % 0.1 0.1 -0.1 0.1 0.1 2.4 -3.3 -1.8 4.2 -1.2 -0.3 -0.9 2.7 8.4 -0.6 5.7 8.3 3.2 0.1 -0.1 -5.4 0.3 10.5 5.9 5.3 13.2 6.7 -0.1 5/ 12.1 I -0.1 0.1 -0.1 5/ Partly estimated. Adjusted to maintain comparability with subsequent data. Business loans Original Adjusted 4/ 399.8 400.6 399.5 398.9 398.6 399.5 402.3 402.1 Net Change (Billions of dollars 0.9 0,5 0.5 Total loans Original Adjusted 3/ 0.6 0.9 2.1 10.9 7.0 7.8 13.6 6.2 11.9 4.0 -1.3 2.2 6.6 8.8 9.6 6.9 -3.9 -0.9 5.6 -1.3 -0.9 6.8 9.5 22.1 6.6 1.8 4.4 8.7 12.5 9.9 3.0 5.1 1.3 7.2 2.9 7.9 8.7 21.1 1.1 3.5 8.2 9.3 4.6 5.7 11.4 10.2 2.3 2.3 -5.2 16.0 20.0 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 1 1970 Jan. 28 Feb. 25 Mar. 25 Apr. 29 May 27 June 24 July 29 Aug. 26 i Sept.30 Oct. 28 Nov. 25 Dec. 30 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 i 1/ 2_/ 3/ 4/ 5/ 6/ 7/ Euro-dollars Through branches outside U.S. Territories Fore ign and possessions 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 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 21.5 21.5 i 20.5 20.6 21.7 21.5 19.8 19.5 15 .9 14.6 13.2 11.? 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 13.6 13.1 11.9 11.9 12.3 12.2 10.5 10.6 9.8 9.4 8.6 7.7 10.2 9.1 6.4 5.7 5.1 5.2 5.2 4.9 6.0 6 .6 r 7 .0 4.4 7.4 6.5 3.5 2.8 2 .2 2.2 2.1 1.9 2 .8 3.3 r 3.7 1.3 6.5 5.7 2.9 2.2 1.6 1.5 1.5 1.4 2.5 2.9 r 3.3 0.9 . Through brokers and l! dealers Loans sold under repurchase agreement 3/ To the Customer Commercial, To bank , . nonbank, guaranteed Ineligible Direct—^ paper 2/ Total affiliates— paper public— acceptances 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 0.7 0,7 0.6 0.6 0.5 0.6 0.6 0.6 0.6 0.7 0.7 * 0.7 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 o.i 0.8 0.8 0.6 0.6 0.6 0.6 0.6 0.5 0.4 0.4 0.4 0.4 7/ 7/ 7/ 7/ 7/ 7/ 7/ 7/ 7/ 7/ 7/ 7/ 7/ 7/ 7/ 7/ 7/ 7/ 1/ 7/ 7/ 7/ 7/ 7/ y V . 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/ 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 n Includes an indeterminate amount of Federal funds purchases from U.S. Agencies of foreign banks. Issued by a bank holding company or other bank affiliates. 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. These Data Are Not for Publication. 1/ 5 * 0 Loans at All Commercial Banks Seasonally Adjusted Business Date ( I n 1966--Dec . 1967--Dec. 1968--Dec. 1969--Dec. Dec. 31 31 31 31 31 1970--Sept. Oct. Nov. Dec. 30 28 25 31 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 ll 2/ " 3/ ~ 4/ 5/ ~ 78.6 86.3 95.9 Consumer Real Estate b i l l i o n s of Security 7.9 9.2 38.2 40.0 44.8 48.1 109.7 109.5 109 .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 10.3 110.4 111.3 111.2 111.9 112 .9 112.4 72.8 73.4 74.0 74.7 75.5 50.0 50.2 50.4 io 0 :^ 113.9 115.8 116.9 117.3 116.7 116.9 76.7 77.6 78.5 79.3 80.2 81.1 Agriculture d o l l a r s ) 53.8 58.4 64. 9 70.3^(old) 69.8 (new) 106.1 Nonbank financial 50.6 50.9 51.1 51.5 52.1 52.8 53.3 54.0 54.6 10.2 9.1 9.9 9.3 8.8 9.5 9.0 9.7 10.6 10.6 10.5 10.0 12 .0 11.3 12.4 , 13.1- (old) 13.6 (new) 8.7 9.5 10.0 10.6 14.7 14.5 14.7 14.3 11.3 11.3 11.4 11.4 14.9 15.0 15.2 15.4 15.8 15.9 11.3 11.4 11.6 11.7 11.8 15.8 12.1 12.2 12 .3 12.3 12.5 12.5 16.0 15.3 15.6 15.7 15.3 12.0 1 e - Estimated. 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. 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. 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. includes $800 million System matched sale-purchase transactions outstanding on Feb. 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. These data are not for publication. ## e # ## e # TABLE 6 Changes in Loans and Investments at All Commercial Banks, Seasonally Adjusted* (In billions of dollars) 1970 Item Nov. Loans and Investments 2/ 1971 Dec. Jan. Feb. March April May June July AUK . Sept. p Oct. p Nov. p ,9 Dec . p +3.1 +6.6 +4.8 +5.4-/ +3.4 +3.0 +3.6 +5.0 +2.6 +4.7 44.0 +4.1 +1. 44,5 1/ +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 Othef securities +2.2 +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 Loans 2/ +0.9 +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 Business -0.1 +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 Real estate +0.3 +0.5 +0.5 +0.6 +0 .6 +0.7 +0.8 +1.1^ +0 .8 +0,.9 +0. +0.8 +0. Consumer -0.1 +0.2 +0.3 +0.2 +0 .2 +0.2 +0.3 +0.2 +0.4 ' +0..6 Security -0.2 +0.8 1/ •0.22' -0,.6 -0.6 -0.5 +0.7 -0 .5 +0, J +0. 9 Nonbank financial +0.2 -0.4 +0.6 +0.1 +0.2 +0.2 +0.4 +0.1 -0 .1 +0,.2 Agriculture +0.1 1/ -0.1 +0.1 +0,.2 +0.1 +0.1 +0.2 +0 .1 All other +0.7 +0.2 +0.1 -0.1 +0,.2 +0.4 +0.4 -0.1 Total loans excluding .security 3/ +1.1 +1.2 +1.7 +1.8 +1.,4 +2.3 +3.0 Total loans excluding security and nonbank financial 3/ +0.9 .+1.6 +1.1 +1.7 +1.2 +2.1 +2.6 U. S. Gov't, securities ,9 +0.J .9 +0.,7 +0.6 1/ -0..1 -0.5 -0.,7 +0.3 +0,.1 -0.4 +0..1 +0.,1 1/ +0.2 1/ +0 .2 +1..2 + 0 '.3 +1.4 -0..1 +0.3 +1.0 +2 .9 44..9 +2.4 +3.4 +1..2 +1.6 +0.9 +3.0 +4.7 +3. +3.1 +1..1 +2 .0 1 +0.5 i If Less than $50 million. * - All data on revised basis. See Table 1. 2/ Adjusted to exclude domestic interbank loans. 3/ Includes $800 million System matched sale-purchase transactions tin February 24. ~4/ 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 +0.9 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 1971 Nov. Loans and Investments 2/ U. S. Gov't, securities Other securities Loans 2/ Business Dec. Jan. Feb. March April May June July Aug. Sept. p 00 Item +3.7 +5.2 +2.4 +4 .6 +4.3 -1.2 -0.7 Oct. p Nov. p Dec . p +4.0 +1.8 - +4.5 -1.0 -0.8 -0.2 +1.4 +2.5 +5.8 +4.7 +5 .4-/ +3.4 1/ +1.7 +0.9 +1.9 +0.3 -OA -0.3 +2.4 +2.2 +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 / +2.2 *+5.4 +3.6 +3.3 +1.0 +1.2 +1.4 +1.9 +1.2 +0.3 -0.6 i/ +0.3 +1.1 +1.7 +2.0^ / +0.7 +1.6 +2.6 +2.(£ -0.6 +0.2 +0.3 +0.9 -0.3 +0.7 +1.0 -0.5 Real estate Consumer Security Nonbank financial Agriculture NOT AVA ILABUE All other Total loans excluding . security 3/ Total loans excluding security and nonbank financial 3/ If 2/ 3/ 4/ ~ i aaEa an reviseQ Bab] b 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 7 Changes in Loans and Investments at A l l Commercial Banks, at W e e k l y Reporting Banks, and at Other Banks, Not Seasonally Adjusted Adjusted for Loans S o l d * (In billions of dollars) Last Wednesday of November to end of December • Item All commercial banks 2/ Total loans U. S. Gov't, securities Other securities Total All Large Banks 1966 1965 1971 P 1970 1969 1968 1967 +10.3 + 3.4 + 2.7 +16 .4 + 9.7 + 3.5 + 3.6 +16.7 + + + + 8.6 + 1.7 + 2.0 +12.3 + 9.0 - 0.4 + 1.7 +10.4 + + + + 6.3 1.8 0.9 8.9 + + + + 7.6 0.7 1.1 9.5 + 7.5 + 1.6 + 1.5 +10.6 + 7.0 + 2.2 + 2.2 +11.4 + 6.4 1/ 1/ + 6.4 + + + + 7.6 1.1 0.6 9.3 + + + + 6.3 0.3 0.5 7.1 + + + 4.4 1.7 0.1 6.0 + + + + 5.4 0.6 0.3 6.3 + + + + + + + + + + + + + + + 1.0 0.6 1.4 3.0 + + + 2.8 0.8 1.2 3.3 + + + + 1.9 0.1 1.0 2.9 + + + + 2,2 0.1 0.8 3.2 9.2 0.4 0.5 9.3 2/ 3/ Total loans U. S. Gov't, securities Other securities Total Other banks 2/ 3/ Total loans U. S. Gov't, securities Other securities Total 2.8 1.8 1.2 5.8 2.7 1.2 1.4 5.3 2.7 0.3 0.4 2.9 Year ended December Item 1971p All commercial banks 2/ Total loans U. S. Gov't, securities Other securities Total All Large Banks 2J 3/ Total loans U. S. Gov't, securities Other securities Total Other banks 2/ 3/ Total loans U. S. Gov't, securities Other securities Total NOTE: 1/ 2/ 3/ 4/ 5/ ~ l\ I 1970 - +27.9 + 2.8 +17.3 +48.0 +11.8 + 0.3 + 7.6 +19.7 +16.1 + 2.5 + 9.7 + 28.3 1969 1968 1967 1966 — ^ +11.9 + 7.0 +14.8 +33.7 +25.6 - 9.8 1/ +15.8 +26.9 +38.9 +17.6 + 6.3 +12.7 +36 .6 +17.7-- + 2.0 +10.1 + 4.1 + 4.5 +14.4 - 5.6 - 2.9 + 5.9 +16.7 + 0.5 + 5.3 +22.5 + 8.7 + 3.6 + 7.3 +19.5 +11.1 +10.2 - 4.2 + 2.9 + 9.8 + 1.5 + 4.8 +16.4 + 8.9 + 2.7 + 5.4 +17.0 + 8.6 +17.2 + 7.8 + 2.5 + 6.2 +16.5 y * + 9A-~ - 2.0 3/ - 0.5 A/ + 7 .Or-' 8. 3 # / - 1.4 3/ + 3.54/ + +10.2- 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. Less than $50 million. Based on revised reporting beginning July 1969. Changes have been adjusted to maintain comparability of series . Based on revised coverage beginning July 1966, and January 1967, 1968, 1969, 1970, and 1971. 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 w e r e at w e e k l y reporting banks and $500 million at other banks. 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 w e e k l y 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. - Data on revised basis. See Table 1. * TABLE 8 Changes in Commercial and Industrial Loans at Large Commercial Banks (In millions of dollars) Late December to late December 2/ Late November to late December 1/ Business of borrower 1971 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 3/ Communication J3/ Other public utilities Construction All other types of business Bankers acceptances Services 3/ Other Foreign business concerns 3/ Classified Unclassified Total Change 1/ 2/ ~ 3/ + + 69 173 346 477 + 131 94 45 48 2 + 1 136 92 + 93 135 + 27 2 45 32 52 39 + + 50 + 898 + 430 + 223 + 245 + 240 + 694 + 453 +i ,147 1970 + 368 4- 162 417 435 + 18 39 + 52 52 451 90 182 + 42 493 77 9 2 4- 134 99 + + 47 12 4- 139 +1 ,120 + 630 4- 296 + 186 79 + +1 ,411 4- 369 +1 ,780 1969 1968 1967 + + + + + + 333 109 151 13 138 + 870 4- 137 + 412 + 284 + 37 159 + 86 + 135 + 135 490 479 + 976 + 298 4- 258 + 420 + 21 + 909 + 280 + 247 + 382 15 +3 ,418 486 +3 ,504 172 25 209 284 + 75 4- 110 123 + 231 37 435 88 30 + 4- 282 + 5 28 4- 673 + 716 4- 274 + 138 + 304 + 1 4- 772 2 + + 378 4- 392 + 13 +2 ,474 + 437 +2 ,911 182 94 146 225 + 79 + 187 + 172 + 19 28 24 + 159 9 + 80 6 + 67 + 4- 854 + 490 + 276 2 + 216 3 + 618 39 4- 192 4- 465 22 + 4-2,283 + 274 +2 ,557 1971 p 200 + 302 + 704 47 4- 697 -1 ,718 158 -1 ,080 251 229 31 293 535 77 149 225 6 362 17 + 373 4- 367 +1 ,915 + .606 4- 416 + 893 4- 820 4- 874 +1 ,057 +1 ,931 - 1970 1969 1968 149 4- 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 1967 38 219 + 279 + 200 824 + 143 510 21 314 + 164 +1,,096 + 742 + 515 + 540 + 319 + 257 + 108 - 183 + 154 + 128 + 438 - 113 49 + 128 + + 142 + 226 + 187 + 33 42 + 256 + + 527 + 359 +1 ,408 +1 ,077 + 773 + 701 + 180 + 227 + 455 + 149 93 + 425 +1 ,605 +1 ,617 475 + 668 + 980 + 168 4-1,100 + 781 146 132 +6 ,537 44 ,481 + 678 4- 590 +7 ,215 +5 ,071 Five most comparaoie weetts usea cnrougnuuu. Changes are compiled from December 30, 1970; December 31, 1969; December 25, 1968; December 27,1967; 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. • I TABLE 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 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 38.8 177.4 203.2 44.9 48.8 2/ 219.0 1/ 2/ 61.5 236.8 71.5 264.4 71.3 286.1 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 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 12.1 439.5 442.4 6/ 447.7 450.9 453.6 464.8 61.5 61.4 61.6 60.0 58.8 60.3 87.1 88.9 91.5 94.2 94.9 96.7 97.4 98.2 98.1 290.9 292.1 6/ 294.6 296.7 300.0 307.8 307.1 305.6 309.3 313.4 314.5 316.0 326.3 109.2 110.3 111.3 111.8 112.7 114.6 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 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 .463.0 466.1 472.0 475.8 478.5 494.9 59.3 58.7 58.7 60.0 61.1 64.6 99.9 101.3 101.4 104.1 114.1 114.8 116.6 116.3 116.3 119.9 Consumer 7 .5 8.2 8.6 2/ 9.3 9.7 10.3 Nonbank Financial Institutions All Other 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 10.4 10.5 10.6 10.8 11.1 11.2 i 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 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 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 54.8 15.7 15.6 15.6 15 3 15.3 16.9 25.9 26.5 26.4 26.9 27.2 29.4 Data exclude domestic interbank loans. Consumer and M 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; earlier data are for commercial banks only. NOTE: 1/ 2/ 3/ 4/ 5y 6/ 7/ 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. Consumer credit data adjusted in July to exclude about $400 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. Includes $800 million System matched 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; previously they had been included in real estate loans. Individual loan category data are available for publication only on a June and December Call data basis >• M M # # M U M M M M M L.4.3 Appendix Table 9-A All Other Loans at All Commercial Banks - Revised Series* Last Wednesday of month except June 30 and December 31 call dates (In billions of dollars) Year Jan. Feb. Mar. Apr. 1959 7.1 7.2 7.5 7.6 7.8 7.9 8.2 8.3 1960 8.8 8.6 8.7 8.7 9.0 9.0 8.8 1961 9.2 9.0 8.7 9.1 9.6 9.8 1962 10.3 10.5 10.4 10.7 11.1 1963 10.6 10.5 10.4 10.9 1964 11.8 11.9 12.1 1965 15.0 15.3 1966 16.0 1967 May June July Aug. Sept. Oct. Nov. Dec. 8.6 8.8 8.8 8.8 8.8 8.9 8.9 9.0 9.3 9.5 9.4 9.8 9.9 10.2 10.6 11.3 11.0 11.1 11.4 11.2 11.0 11.3 11.0 11.8 11.5 11.5 11.6 11.6 11.7 12.4 12.7 12 .9 14.0 13.2 13.2 13.6 13.8 14.2 15.7 15.3 15.4 15.9 16.2 15.8 16.0 16.3 16.0 15.8 16.8 15.8 15.8 16.1 16.9 15.9-1/ 15.4 15.1 15.0 14.7 14.6 15.3 14.7 14.5 14.3 14.8 15.3 15.9 15.5 15.0 15.1 15.2 15 .6 17.5 1968 16.3 16 .1 16.0 16.8 17.3 18.4 17.8 17.8 18.4 18.6 19.6 20.7 1969 19.4 19.4 19.6 20.4 21.8 22.3 21.6 21.4 21.2 21.4 21.6 22.9 1970 22.1 21.8 21.8 22.0 22.4 22.9 22.8 22.2 22.7 22 .3 23 .2 24.5 1971 23.8 23.9 23.3 24.3 25.4 26.5 25.9 26.5 26.4 26.9 ' 27.2 29.4 Revised December, 1971. * ~ Series revised beginning January 1959 to include loans to foreign commercial banks which had previously been excluded from the adjusted loan series. If Beginning June 1966, $1.1 billion of balances accumulated for the payment of personal loans and $800 million of participation certificates were excluded from "other loans", http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis L TABLE 10 Ratios to Total Deposits 1/ L O A N S D A T E 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*— U.S. Government securities maturing within one year All commercial banks [Total M e m b e r B a n k s Reserve City Banks New York City of City Chicago Other Country 45.8 46.7 48.8 50.1 49.7 51.0 48.4 49.4 54.0 55.6 55.1 56.5 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 72.5 81.3 72 .3 81.4 70.5 76.9 71.5 77 5 71.8 78.7 71.4 72.2 79.3 80.5 72.2 79.4 72.4 80.1 72.2 80.7 r 72.7 82 .9 73.5 78.9 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* 1971—Jan. Feb. Mar. Apr. May June July Aug. Sept. Oct. Nov. (new) Nov. Dec. 67.2 (66.2) 69.5 27* 24* 67.3 (66.4) 69.6 66.1 (65.6) 68.2 31* 66.4 (66.1) 68.5 28* 26* 66.7 (66.5) 68.8 30* 66.1 (65.9) 68.4 66.8 (66.5) 68.8 28* 66.8 (66.6) 68.9 25* 29*p 67.2 (66.8) 69.5 27*p 66. 8r(66 .4) 69.1 24*p 67.0r(66 .5) 69.3 24*p3/ 67.6 (67.1) 70.0 29*p 66.3 (66.2) 68.5 (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 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) All Commercial Banks * -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/for Loan data revised to exclude only loans to domestic commercial banks. Previous Digitized FRASER http://fraser.stlouisfed.org/ data had also excluded loans to foreign commercial banks. Federal Reserve Bank of St. Louis T A B L E 11 Money Stock Measures and Deposit Turnover (Seasonally adjusted; dollar amounts in billions) M2 M3 M2 plus M*l plus i Components of money stock measures and related items deposits time d e p . Currency Time and NonU . S . Gov' t. at nonplus at comm. bank thrift deposits savings deposits bank thrift demand other than, Demand 3/ 2/ 1/ (all m e m b e r ) institutions CD's Other Total deposits— large CD's— institutions— Currency Deposits 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 r December p 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 .6 450.6 642.5 653.7 664.2 672.9 681.5 688.6 49.3 49.7 50.0 50.5 50.8 51.1 207.8 166..0 c 26.6 212.7 27.5 168..0 28.1 217.4 169,.7 27.8 220.3 170,.7 222.8 28.5 173 .0 174 .5 c 29.4 C 2 2 5 . 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 55.8 453.4 454.5 455.6 458.3 460.8 464.7 694.5 698.0 701.4 706.7 711.8 718.1 51.6 51.7 51.9 52.2 52.2 52.5 175 .8 c 30.4 30.8 176 .3 31.6 175 .7 32.7 175.5 32.2 175.5 33.4 175 .7 225.9 226.5 228.0 230.6 233.1 236.5 256.4 257.3 259.6 263.3 265.3 269.9 241 .1 243.6 245.8 248.4 251.0 253 .4 5.1 5.8 6.6 4.7 5.4 6.1 55.8 56.0 56.3 54.7 57.3 n .a. 227 .6 228.2 227.6 227.8 228.6 462.1 463.3 463.6 4 6 4 .2 467.0 n .a. n .a . n .a. n.a . n .a. 52.2 52.5 52.4 52.6 52.6 175.5 176 .1 175 .1 175.2 176 .1 32.6 33.2 33.0 33.6 34.0 234.5 234.7 236.0 236.4 238.4 267.1 267.9 269.1 270.1 272.4 n .a. n .a. n .a. n.a . n.a. 5.1 5.7 6.0 6.5 5.7 n .a. n.a. n .a. n .a. n .a. W e e k ending: December 1 8 15 22 29 p 1/ ~~ 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 ore more by large weekly reporting commercial banks. ' 3/ Includes M«, plus the average of the beginning and end of month deposits of mutual savings banks and savings and loan shares. c~ - Corrected . # 3 T A ^ ^ 1 2 Period Total Consumer- | type time & savings Time and Savings Deposits State Political Large ConsumerNegotiable Foreign Official type Savings CD's 1/ time etc . 1966--Dec . 28 (old) Dec. 28 (new) 1967--Dec. 27 (old) Dec. 27 (new) 1968--Dec. 31 (old) Dec. 31 (new) 1969--Dec . 31 (old) Dec . 31 (new) 89,495 89,639 102,809 102,991 111,900 112,103 96,589 96,787 65,733 65,864 73,686 73,858 79,443 79,637 77,616 77,812 47,099 47,213 48,647 48,781 49,016 49,161 46,486 46,632 18,634 18,651 25,039 25,077 30,427 30,476 31,130 31,180 15,659 15,642 20,330 20,330 22,821 22,820 10,919 10,919 8,103 8,133 8,793 8,803 9,636 9,646 8,054 8,056 1970--June July Aug. Sept. Oct. Nov; Dec . Dec . 24 29 26 30 28 25 30 (old) 30 (new) 99,676 106,494 109,725 113,640 114,803 116,447 119,442 120,206 77,348 78,435 79,070 80,722 81,150 81,554 82,776 83,473 46,174 46,345 46,330 46,808 47,016 47,332 48,032 48,479 31,174 32,090 32,740 33,914 34,134 34,222 34,744 34,994 12,976 17,900 20,174 22,242 23,545 25,201 26,074 26,125 9,352 10,159 10,481 10,676 10,108 9,692 10,592 10,608 1971--Jan. Feb. Mar. Apr. May June July Aug. Sept. Oct. Nov. 27 24 31 28 26 30 28 25 29 27 24 123,102 125,842 129,175 129,339 131,114 131,890 132,953 133,828 136,159 137,159 137,980 85,168 87,319 90,809 90,745 91,671 92,657 91,918 91,848 92,410 92,770 93,374 49,142 50,453 52,974 53,047 53,430 53,651 53,145 52,989 53,314 53,601 54,014 36,026 36,866 37,835 37,698 38,241 39,006 38,773 38,859 39,096 39,169 39,360 27,189 27,488 27,523 27,219 28,071 28,526 30,303 31,600 33,036 33,676 34,072 10,745 11,035 10,843 11,375 11,372 10,707 10,732 10,380 10,713 10,713 10,534 138,216 138,862 138,812 139,922 140,933 93,650 93,752 93,809 93,890 94,516 54,123 54,037 54,165 54,213 54,543 39,527 39,715 39,644 39,677 39,973 33,949 34,385 33,358 33,814 34,018 10,620 10,725 11,645 12,218 12,399 Week ending Dec. 1 8 15 22 29 http://fraser.stlouisfed.org/ 1/ Negotiable certificates of deposit issued in denominations of $100,000 or more. Federal Reserve Bank of St. Louis TABLE T3 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 Other Excess Reserves Borrowings All member All member Country Total reserves held seasonally adjusted All member Monthly Averages: 1959--December I960--December 1961--December 1962--December 1963—December 1964--December 1965--December 1966--December 1967—December 1968—December 1969—December 1970--Jan. Feb. Mar. Apr. May June July Aug. Sept. Oct. Nov. Dec. 1971--Jan. Feb. Mar. Apr. May June July Aug. Sept. Oct. Nov. r Dec. p UOTE: -424 669 419 268 209 168 -2 -165 107 -310 -829 -799 -819 -781 -704 -795 -701 -1,217 -682 -335 -208 -305 -49 -91 -127 -120 -8 -18 -352"" -658 -6 06 -295 -153 -144 48 -109 10 -50 -62 19 -14 -70 -95 -22 -130 -203 -104 -4 -22 -11 21 -31 -8 -50 -5 -70 -9 -449 80 20 -52 -122 -103 -161 -159 -55 -180 -473 237 583 471 394 334 315 238 140 187 70 -144 -.132 -76 -148 -198 -171 -95 -260 -156 -56 29 -63 9 -82 -58 -15 -82 -25 3 -132 -67 -8 -13 -12 3 -473 -473 -501 -400 -447 -487 -726 -428 -337 -289 -359 . -222 -112 -212 -117 -24 -152 -122 -99 -31 66 65 129 161 19 15 -90 -21 -67 -127" ~ -lib "rill -29 -56 -71 -11 -6 19 . . -25 3 2 -39 -29" -- -10 2 -14 8 -282 -333 -155 -154 -45 -173* -449" -437 -280 -144 -112 - 77 . 178 172 150 164 92 17 -92 * -58 24 ' 45 53 128 482 756 568 572 536 411 452 392 345 455 257 906 87 149 304 327 243 454 557 238 765 1,086 18,512 18,839 19,640 20,343 21,017 22,068 23,262 23,521 25,940 27,964 27,928 166 273 115 118 181 187 141 145 272 254 120 272 965 1,092 896 822 976 888 1,358 827 607 462 424 321 28,001 27,722 27,723 28,216 27,890 27,902 28,041 28,585 29,240 29,385 2 9,474 29,925 279 201 199 140 312 131" 162 198 2 06 207 263 156 . 370 328 319. 148 330 453 820 804 501 360 407 108 30,229 30,515 30,743 30,816 31,253 31,257 31,266 31,650 32,067 31,643 31,845 31,996 Aggregate reserve series have been adjusted to eliminate changes in percentage reserve requirements against deposits, but reserve requirements on Euro-dollar borrowings are included beginning October 16, 1969, and requirements on bank-related commercial paper are included beginning October 1, 1970. V TABIE 14 Liquid Assets Held by the Public - Seasonally Adjusted Series \J (Amounts in billions of dollars; ratios expressed as percentages) Time deposits Total Demand deposits and currency 2/ Mutual savings banks Commercial banks 3/ Postal Savings System U. S. Gov't, Savings savings and loan bonds 5/ shares 4/ 1 206.8 738.4 749.7 750.9 765.3 764.6 773.8 786.1 199.8 198.7 199.3 203.6 199.8 201.5 2 07.6 788.9 796 .6 815 .8 815 .5 824 .8 836.6 836 .3 841.7 8515 856 2 202.9 204.6 879.7 Liquid assets to gross national product 7/ 8 459.0 495.4 530.5 573.1 601.5 650.4 709.6 r 731.7 86 3.0 U. S. Gov't, securities maturing within one year 6/ 144.8 149.6 156.7 164.1 168.6 180.7 199.2 211.6 206.3 212.5 218.4 213.8 215.0 214.4 214.5 215.3 222.3 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 67.3 202.9 211.8 215.4 221.5 224.6 230.4 234.8 240.0 244.5 249.5 250.2 252.3 254.7 256.5 258.2 263.5 266.5 272.4 27 4.9 0.5 0.5 0.4 0.3 79.8 90.9 101.4 109.8 113.4 123.9 131.0 r 134.9 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 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 79.3 148.4 151.3 155.4 158.0 159.9 161.5 164.4 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 80.0 80.8 81.2 0.1 166.1 169.1 170.6 172 .4 173.5 79.5 81.0 81.5 79.8 77.6 78.7 78.3 76.1 Ratios: Commercial Demand deposits and bank deposits currency to and currency to gross nation- liquid assets al product 7/ (2 + 3 t 1) 10 11 25.1 24.6 24.1 22.8 21.8 21.8 21.6 20.9 75.8 20.5 76.4 20.4 78.2 20.5 78.1 20.2 r 79.2 20.3 79.9 r 20.4 52.9 53.0 53.5 54.3 54.5 55.9 56.8 55.2 54.5 54.8 55.2 55.6 55.5 55.8 56.3 56.1 56.4 56.5 56.0 56.4 56.5 56.2 56.2 56.1 56.2 56.5 56.5 footnotes see next" ^page. . „ .... .. - " Revised. ' „ P ~ Preliminary. " ~ c ^ corrected: * - Beginning with data for June 1966, total liquid assets and time deposits at commercial Panics exclude $1.1 billion oT t>alatlcA accumulated for the payment of personal loans. S - 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. r 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 conmercial 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 pr^or 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) . L.4.3 Appendix I Total Loans and Investments at All Commercial Banks 1/ Seasonally adjusted, in billions of dollars Last Wednesday of month except June 30 and December 31 call dates Year Jan. Feb. Mar. Apr. 1959 186.4 185.6 184.6 186.2 187.3 1960 188.8 188.4 189.1 189.6 1961 198.9 201.0 201.1 1962 214.4 215.4 1963 232.9 1964 May July Aug. 187.1 188.2 189.0 189.9 190.2 191.6 201.1 203.2 204.3 217.3 218.9 220.4 234.6 235.7 236.8 250.9 252.8 253.8 1965 275.1 278.0 1966 303.3 1967 Oct. Nov. Dec. 188.7 188.3 188.3 188.7 192.5 194.0 195.8 196.0 197.4 206.2 207.3 209.8 210.2 211.4 212.8 221.8 222.5 224.7 225.7 227.6 229.4 231.2 238.8 241.0 242.6 243.3 244.8 246.2 248.2 250.2 255.8 257.5 259.6 260.6 263.4 266.6 267.1 270.3 272 .4 278.8 282.9 284.3 286.7 289.0 290.5 292.1 295.6 297.0 300.1 304.2 304.5 307.7 309.7 313.l-y 313.7 314.6 315.0 314.1 314.2 316.1 320.6 323.3 327 .0 328.8 330.9 332.7 338.3 342.7 345.1 347.6 350.0 352.0 1968 355.8 359.3 360.0 361.0 363.8 364.8 371.0 376.4 381.2 386.0 00 Sept. w 00 June 390.6 1969 392.5 393.4 395.4 398.5 399.8 400.6 399.5 398.9 398.6 399.5 402.3 402.1 1970 400.3 400.4 403.9 405.9 407.7 408.4 414.3 419.5 424.3 426.2 429.3 435.9 1971 440.7 446.1 449.5 452.5 456.1 461.1 463.7 468.4 472 .4 476.5 478.4 482.9 100.03 102.50 Seasonal factors 1971 99.74 99.17 99.60 99.64 99.45 100.80 99 85 99.51 99.91 99.86 Revised December, 1971. 1/ Adjusted to exclude domestic commercial interbank loans. Loans on gross basis beginning 1959. 2/ Beginning June 9, 1966, about $1.1 billion of balances, accumulated for payment of personal loans were deducted as a result of a change in Federal Reserve regulations. L.4.3 Appendix II U.S. Government Securities Seasonally adjusted, in billions of dollars Last Wednesday of month except June 30 and December 31 call dates July Aug. Sept. Oct. NOV. Dec. 62.4 61.2 60.7 59.6 58.6 57.9 57.7 55.9 55.8 56.7 57.0 58.0 59.4 59:3 59.8 61.0 62.3 63.3 64 .4 64.9 66.3 65.5 65.3 65.3 65.1 64.9 65 .4 65.1 65.0 65.4 64.4 64.6 64.7 64.7 64.9 64.4 64.4 64.1 63.9 63.9 62.7 62.0 61.3 61.3 61.7 60.6 60.8 60.3 60.5 60.4 60.3 59.7 60.8 61.4 60.6 61.5 60.8 1965 59.7 59.8 58.0 58.9 58.6 58.3 58.1 57.4 56.8 57.6 57 .4 57.1 1966 58.0 56.5 54.9 55.5 54.7 55.3 54.9 55.5 54.6 53.0 52.9 53.5 1967 54.2 55.7 56.8 56.5 57.0 56.2 59.5 61.3 60.9 61.7 61.2 59.3 1968 60.2 62.2 61.4 60.3 61.7 60.5 62.3 63.3 63.4 64.0 61.0 61.0 1969 60.9 58.9 58.6 58.4 56.8 56.9 56.8 56.1 54.1 53.6 53.2 51.5 1970 50.5 50.7 51.6 52.8 54.1 53.9 55.6 56.9 56.8 56.3 56.3 58.0 1971 58.9 60.8 61.1 60.7 60.4 62.8 61.6 60.9 59.9 59.1 58.9 60.3 Jan. Feb. Mar. Apr. May 1959 66.6 65.5 63.5 63.5 63.2 1960 56.9 55.9 56.2 55.9 1961 60.7 61.0 61.2 1962 66.0 65.6 1963 64.9 1964 Year Revised December, 1971. June L.4.3 Appendix h i Other Securities Seasonally adjusted, in billions of dollars Last Wednesday of month except June 30 and December 31 call dates Year Jan. Feb. Mar. Apr. May 1959 20.6 20.6 20.5 20.8 20.7 1960 20.4 20.2 20.1 19.9 1961 21.1 21.4 21.6 1962 24.3 24.6 1963 29.8 1964 July Aug. Sept. Oct. Nov. Dec. 20.6 20.6 20.6 20.6 20.6 20.5 20.5 19.8 19.8 20.0 20.0 20.0 20.3 20.5 20.8 21.6 21.9 22,0 22.2 22.6 23.1 23.1 23.6 23.9 25.3 25.9 26.2 26.9 27.4 27.8 28.0 28.6 29.1 29.2 30.2 30.7 31.2 31.9 32.3 32 .8 33.4 33.9 34.4 34.4 35.0 35.0 35.3 35.6 35.7 35.9 36.2 36.4 36.8 37.5 37.9 38.5 38.7 1965 39.5 40.0 40.5 41.2 41.3 41.9 42.4 43.1 43.5 43.9 44.2 44.8 1966 45.0 45.5 45.8 46.2 47.2 48 A - 48.5 48.0 48.6 48.4 48.4 48.7 1967 49.9 51.1 52.3 53.6 54.8 56.2 56.6 57.3 58.0 58.8 60.3 61.4 1968 62.2 62.7 63.2 63.4 63.6 63.9 64.5 65.7 67.4 68.8 70.0 71.4 1969 71.2 71.5 71.4 71.8 72.0 71.8 71.1 70.6 70.9 70.4 71.3 71.2 1970 71.3 71.4 72 .6 73.8 74.5 75.0 75.5 76.9 79.2 80.8 83.0 85.9 98.0 97.8 99.5 101.0 102.0 103.9 100.30 100.40 100.36 1971 88.1 89.6 91.9 93.5 95 .1 June 96.6- y Seasonal factors 1971 98.89 99.15 99.54 100.70 99.80 100.80 100.20 99.40 100.20 Revised December, 1971. 1/ Increased by about $1 billion due to reclassification of CCC certificates of interest and Export-Import bank portfolio fund participation certificates. 2/ Increased by approximately $700 million due to reclassification of Farmers Home Administration notes. * L.4.3 Appendix IV > Loans at All Commercial Banks 1/ Seasonally adjusted, in billions of dollars Last Wednesday of month except June 30 and December 31 call dates v Nov. 108.4 109.1 109.9 110.5 115.4 115.9 116.1 116.1 116.7 119.5 119.8 120.5 121.6 122.5 123.6 129.8 130.2 131.6 133.3 134.4 135.7 137.3 142.8 144.8 145.9 147.2 148.9 150.5 152.5 153.6 159.6 161.2 163.1 164.5 165.8 167.7 168.6 170.3 172.9 180.2 182 .8 184.4 186.5 188.5 190.0 191.7 194.2 195 .5 198.2 202.2 203.8 206.0 207.8 209.4-/ 210 3 211.0 211.8 212.8 212.9 213.9 216 .4 216.5 217 .8 218.7 219.1 220.3 222.3 224.0 226.2 227.2 228.5 231.3 1968 233.5 234.4 235.4 237.3 238.5 240.4 244.2 247.4 250.4 253.2 256.8 258.2 1969 260.4 263.1 265.3 268.3 271.0 271.9 271.6 272.1 273 275 .6 277 .8 279.4 1970 278.5 278.3 279.6 279.3 279.1 279.5 283.2 285.7 288.4 289 .1 290.0 292 .0 1971 293.7 295.7 296.5 298.2 300.7 301 J - 304.1 309.7 313.0 316.4 317.5 318.6 May June July Aug. 100.6 101.9 103.4 104.1 106.3 107.8 112 .2 112.9 113.8 114.2 114.6 114.9 117 .1 118.7 118.3 118.5 119.0 118.9 1962 124.2 125 .2 126.9 128.1 128.7 1963 138.3 139.6 140.6 141.2 1964 155.3 156.7 157.9 1965 175.9 178.2 1966 200.3 1967 Feb. Mar. 1959 99.3 99.5 1960 111.5 1961 Sept. Dec. Oct. A pr. Jan. Year .6 Seasonal factors 99.37 | 99.47 | 99.77 o 00 98.78 | r—1 99.04 r—1 | o 1971 | 100.47 1 . 99.89 1 100.11 J 99.39 1 99.54 1 102.40 Revised December, 1971. . , . 10C0 1/ Adjusted to exclude domestic interbank loans. Loans are on a gross basis beginning 195". If Beginning June 9, 1966, about $1.1 billion of balances .accumulated for payment of personal loans were ~ deducted as a result of a change in Federal Reserve regulations. Beginning June 30, 1966, CCC certificates of interest and Export-Import Bank portfolio fund participation certificates totaling an estimated $1 billion are included in "other" securities rather than in loans . 3/ Decreased by approximately $700 million due to reclassification of Farmers Home Administration notes. • # • • e e e # # e I t 1.4.3 Appendix V Business Loans - All Commercial Banks Seasonally adjusted, in billions of dollars Last Wednesday of month except June 30 and December 31 call dates Jan. Year Feb. Mar. Apr. May June July Aug. Sept. Oct. Dec. Nov. 1959 35.5 35.7 35.8 36.2 37.0 37.4 38.1 38.3 38.5 38.8 39.1 39.4 1960 40.0 40.3 40.6 41.1 41.3 41.4 41.5 41.5 41.8 41.9 42.0 42 .1 1961 42 .1 42.3 42 .5 42.5 42.5 42.4 42.7 42.9 43.0 43.2 43.3 43.9 1962 44.0 <h <h r—I 44.6 44.8 45.2 45.5 45.7 46.3 46.7 47.0 47.4 47.6 1963 47.9 48.1 48.4 48.7 49.0 49.4 49.6 49.7 50.1 50.8 51.5 52.1 1964 52 .4 52 .8 53.0 53.5 54.0 54.5 54.9 55.5 56.1 56 .6 57.3 58.4 1965 59.5 60.7 61.8 62.8 63.6 64.4 65.3 65.9 66.8 67.6 68.4 69.5 1966 70.4 71.4 72 .2 73.1 74.1 75.7 76.8 77.6 78.1 78.6 78.7 78.6 1967 79.6 80.1 81.0 81.6 82.0 82 .9 83.6 83.7 84.3 84.3 84.9 86.3 1968 86 .4 87.0 87.9 88.7 89.2 89.7 90.6 91.6 92.4 93.6 95.2 95.9 1969 97.6 98.7 99.9 101.2 102.3 102.4 102 . 7 103.4 104.2 104.6 105.1 106.1 1970 105.2 105.2 105.2 105.4 105.6 106.4 107.1 108.5 109.7 109.5 109.4 110.1 1971 110.4 111.3 111.2 111.9 112.9 112.4 113.9 115.8 116.9 117.3 116.7 116.9 Seasonal factors 1971 | j 98.93 99.07 Revised December, 1971. 100.12 99.90 99.85 102.00 100.20 99.14 99.77 99.13 99.65 | 102.60 it eeeeee #e L.4.3 Appendix vi H Real Estate Loans - All Commercial Banks Seasonally adjusted, in billions of dollars Last Wednesday of month except June 30 and December 31 call dates Year Jan. Feb. Mar. 1959 25.6 25.8 26.0 1960 28.1 28.3 1961 28.7 1962 Apr. May June July Aug. Sept. 26.4 26.7 26.9 27.1 27.3 27 A 27.6 27.8 28.0 28.3 28.4 28.4 28.4 28.4 28.5 28.5 28.6 28.6 28.6 28.8 28.9 29.0 29.1 29.3 29.4 29.6 29.7 29.8 30,0 30.2 30.4 30.7 31.0 31.3 31.7 32.0 32.3 32.7 33.0 33.4 33.8 34.2 1963 34.5 34.9 35.2 35.7 36.2 36.7 37.2 37.6 38.0 38.4 38.8 39.1 1964 39.5 40.0 40.4 40.7 41.0 41.4 41.7 42.0 42.4 42.7 43.1 43.6 1965 43 .9 44.3 44.8 45.3 45.7 46.2 46.7 47.2 47.7 48.2 48.7 49.2 1966 49.8 50.3 50.7 51.1 51.5 51.9 52.2 52.6 52.9 53.3 53.5 53.8 1967 54.1 54.3 54.5 54.7 55.0 55.3 55.7 56.2 56.7 57.2 57.8 58.4 1968 58.9 59.5 60.0 60.5 61.0 61.5 61.8 62.3 62.9 63 .6 64.4 64.9 1969 65.7 66.4 67.0 67.5 68.1 68.5 68.7 69.1 69.4 69.6 70.0 69.8-/ 1970 70.2 70.5 70.5 70.6 70.6 70.6 70.7 71.0 71.2 71.5 71.8 72.3 1971 72 .8 73.4 74.0 74.7 75.5 75.9^ 76.7 77.6 78.5 79.3 ' 80.2 81.1 100.20 100.50 100.50 100.30 Oct. Nov. Dec. Seasonal factors 1971 99.90 99.50 99.40 99.50 99.60 99.90 100.10 100.60 Revised December, 1971. 1/ Decreased by $500 million due to reclassification of mortgage loans held under R.P.'s. 2/ Decreased by $700 million due to reclassification of Farmers Home Administration notes. L.4.3 Appendix VII Consumer Loans - All Commercial Banks Seasonally adjusted, in billions of dollars Last Wednesday of month except June 30 and December 31 call dates Oct. Dec. May June July Aug. Sept. 16.9 17.1 17.4 17.7 17.9 18.3 18.5 18.6 18.8 19.4 19.6 19.7 19.8 19.9 20.1 20.2 20.3 20.5 20.6 21.5 21.4 21.1 21.1 21.0 21.0 21.1 21.1 21.1 21.3 21.4 21.3 21.6 21.8 22.0 22.3 22.5 22.7 22.8 23.1 23.2 23.5 23.7 1963 24.0 24.3 24.5 24.8 25.1 25.3 25.5 25.9 26 .2 26.6 26.9 27.2 1964 27.5 27.8 28.2 28.5 28.7 29.2 29.5 29.8 30.1 30.4 30.6 31.0 1965 31.4 31.7 32.1 32.6 33.0 33.4 33.9 34.2 34.6 35.0 35.3 35.6 1966 35.9 36.3 36.7 36.8 37.0 37.2 37.4 37.7 37.8 37.8 38.1 38.2 1967 38.3 38.4 38.4 38.4 38.5 38.6 38.9 39.1 39.4 39.5 39.9 40.0 1968 40.4 40.7 41.0 41.3 41.6 41.9 42.3 42.8 43.3 43.9 44.4 44.8 1969 45.2 45.5 45.8 46.1 46.4 46.7 46.8 47.0 47.4 47.6 47.8 48.1 1970 48.3 48.4 48.4 48.4 48.4 48.7 48.9 49.2 49.4 49.6 49.5 49.7 1971 50.0 50.2 50.4 50.6 50.9 51.1 51.5 52.1 52.8 53.3 54.0 54.6 100.90 100.80 Jan. Feb. Mar. 1959 16.2 16.4 16.7 1960 19.0 19.3 1961 20.5 1962 Year Apr. NOV. Seasonal factors 1971 99.30 98.70 Revised December, 1971. 98.70 99.40 99.90 100.60 100.80 100.50 100.10 1 100.30 L.4.3 Appendix $ VIII Security Loans - All Commercial Banks Seasonally adjusted, in billions of dollars Last Wednesday of month except June 30 and December 31 call dates ; Oct. Dec. Nov. June July Aug. Sept. 4.2 4.1 4.2 4.2 4.2 . 4.2 4.2 4.2 3.8 3.8 3.8 3.9 4.1 4.3 4.2 4.2 4.3 4.3 4.6 4.9 4.9 5.2 4.9 4.9 5.2 5.2 5.2 5.1 5.6 5.7 5.3 5.2 4.6 5.0 5.4 5.6 5.5 6.1 6.0 6.2 6.2 5.9 6.1 6.4 6 .5 6.6 6.8 6.8 7.2 6.9 1964 7 .2 7.2 7 .3 7.3 7.6 7.6 7.8 7 .8 7 .9 7 .6 7.6 7.4 1965 7.4 7.5 8.3 8.0 8.0 8.1 7.4 7.3 6.9 7.5 7.3 7 .4 1966 7.3 7.1 7.1 7.6 7 .6 7.7 7 .5 7.4 7.2 7.4 6.9 7 .9 1967 8.4 8.1 8.5 8.2 8.1 7.9 8.5 9.2 9.6 9.5 8.9 9.2 1968 10.2 9.9 9.0 8.5 8.8 9.0 11.7 11.3 11.8 10.8 10.4 10.2 1969 10.0 9.9 9.0 9.3 9.3 10.0 9.7 8.3 8.5 8.8 9.8 9.1 1970 8.6 8.7 9.2 9.0 8.9 7.7 8.4 9.1 9.1 9.7 9.5 10.3 1971 10.3 10.5 9.9 9.3 8.8 9.5 9.0 9.7 10.6 10.6 10.5 10.0 Apr. Jan. Feb. Mar. 1959 4.4 4.1 4.2 4.2 1960 4.2 4.0 3.9 1961 4.4 4.5 1962 4.9 1963 Year May Seasonal factors 1971 | 98.50 94.68 | Revised December, 1971. 101.19 | 98.36 | 96.59 | 102.50j 97.54 1 98.18 . 1 96.68 J 96.77 1 97.00 1 117.50 L.4.3 Appendix IX Loans to Nonbank Financial Institutions - All Commercial Banks Seasonally adjusted, in billions of dollars Last Wednesday of month except June 30 and December 31 call dates Jan. Feb. Mar. 1959 5.3 5.3 5.5 5.7 1960 6.5 6.6 6.7 1961 6.3 6.4 1962 6.5 1963 Year Apr. May ' June July Aug. Sept. 5.8 5.8 6.1 6.5 6 .3, 6.3 6.5 6.5 6.8 6.9 6.9 6.9 6.6 6.6 6.5 6.3 6.4 6.0 5.9 6.0 5.9 5.7 5.8 6.2 6.4 6.5 6 .5 6.4 6.7 6.7 6.9 7.0 6.9 7.1 7.2 7.4 7.5 7.6 7.7 7.8 8.1 7.9 8.2 8.4 8.5 8.6 8.8 8.8 9.0 9.1 1964 8.9 9.1 9.3 9.5 9.7 9.9 9.5 9.6 9.7 9.8 10.0 9.8 1965 10.2 10.3 10.2 10.7 10.7 10.8 11.1 11.2 11.5 11.6 11.8 12.0 1966 12 .1 12.3 12.4 12.5 12.5 13.1 12.9 12.1 12.2 12.2 12 .0 12.0 1967 12.1 11.9 11.8 11.5 11.5 11.5 11.4 11.6 11.7 11.7 11.6 11.3 1968 11.4 11.1 11.1 11.3 11.4 11.5 11.8 11.9 11.7 12.1 12.4 12.4 1969 12 .4 13.0 12.8 13.0 13.3 12.9 12.4 12.5 12.2 12.2 12.5 13.6-/ 1970 13.1 12.9 12.7 12.8 12.7 13.5 14.9 14.8 14.7 14.5 14.7 14.3 1971 14.9 15.0 15.2 15.4 15.8 15.9 15.8 16 .0 15.3 15.6 15.7 15.3 Oct. Nov. Dec. Seasonal factors 1971 97.07 95.59 100.28 98.77 97.22 106.80 99.59 97.41 102.00 97.98 Revised December, 1971. 1/ Increased by $500 million due to reclassification of mortgage loans held under R.P.'s. 97.59 110.60 1.4.3 Appendix x Agricultural Loans - All Commercial Banks Seasonally adjusted, in billions of dollars Last Wednesday of month except June 30 and December 31 call dates Year Jan. Feb. Mar. 1959 4.9 4.9 4.8 4.9 1960 4.8 4.9 5.1 1961 5.8 5.9 1962 6.4 1963 Apr. May June July Aug. Sept. 4.'9 5.0 5.1 5.2 5 2 5.0 5.0 5.0 5.2 5.3 5.4 5.5 5.7 5.7 5.8 5.8 5.7 5.9 6.0 5.9 5.9 6.0 6.0 6.0 6.0 6.1 6.2 6.5 6.5 6.6 6.5 6.7 6.7 6.5 6.6 6.7 7.0 7.1 7.3 7.3 7.4 7.2 7.4 7.4 7.1 7.1 7.3 7.4 7.4 7.4 1964 7.4 7.3 7.4 7.4 7.6 7.6 7.6 7.8 7.7 7.7 7.6 7.6 1965 7.7 7.8 7.8 7.9 8.0 7.9 8.1 8.1 8.1 8.2 8.2 8.3 1966 8.5 8.5 8.5 8.6 8.6 8.3-/ 8.4 8.7 8.7 8.7 8.8 8.7 1967 8.8 8.8 8.9 9.0 9.1 9.2 9.2 9.3 9.3 9.3 9.3 9.5 1968 9.5 9.6 9.6 9.7 9.7 9.8 9.9 9.8 9.9 9.9 9.9 10.0 1969 10.0 10.1 10.2 10.3 10.2 10.3 10.5 10.5 10.5 10.5 10.6 10.6 1970 10.7 10.7 10.7 10.8 10.9 11.0 11.0 11.2 11.3 11.3 11.4 11.4 1971 11.3 11.4 11.6 11.7 11.8 12.0 12.1 12.2 12.3 12.3 12.5 12.5 102 .20 101.30 Oct. ' Nov. Dec. Seasonal factors 1971 1 97.40 98.40 | 98.80 1 99.90 |[ 101.50 | 102.10 102.30 99.80 98.50 Revised December, 1971. 1/ Beginning June 30, about $200 million of participation certificates previously included in agricultural loans were reclassified as "other securities". 97.50 L.4.3 Appendix XI "All Other Loans" 1/ Seasonally adjusted, in billions of dollars Last Wednesday of month except June 30 and December 31 call dates Nov. Dec. 8.7 8.7 8.7 8.8 8.8 8.8* 9.1 9.6 9.5 9.9 10.1 10.1 11.1 11.2 11.3 11.1 11.0 11.0 11.2 11.4 11.5 11.6 11.7 11.8 11.7 12 .6 13.0 13.4 13.3 13.7 13.8 14.1 15.2 15.5 15.4 15.6 16.1 16 .0 16 .1 16.1 15.7 16 .2 16.2 16.3 16.5 15 15 .0 14.9 14.9 14.8 14.9 14.7 14.9 14.8 15 .2 14.9 14.8 14.9 14.9 15.2 15 .6 16.1 16.7 16.7 16.5 16.8 17 .2 16.8 17 .2 16.0 17.6 18.4 19.3 20.1 20.0 1969 19.6 19.4 20.6 20.9 21.4 21.0 20.8 21.3 21.5 22.3 22.2 22.1 1970 22.4 21.9 22 .8 22.4 22.0 21.6 22.1 22.0 22.5 23.1 23.9 23.8 1971 24.1 24.1 24.2 24.7 25 .0 25.1 25.1 26.2 26.7 27.8 27.8 28.3 Sept. May June July Aug. 7 .6 7 .7 7.6 8.1 8.4 8.5 8.9 8.8 8.8 8.8 8.7 8.9 9.4 9.1 9.3 9.4 9.5 9.5 10.5 10.9 10.8 10.9 11.0 10.9 1963 10.9 10.9 10.7 10.9 10.9 1964 12 .4 12.5 12 .3 12.7 1965 15.7 15.9 15.1 1966 16 .4 16.4 1967 15.2 1968 Mar. Jan. Feb. 1959 7 .4 7.4 7 .8. 1960 9.0 8.9 1961 9.3 1962 Year Apr. A- Oct. Revised December, 1971. 1/ Beginning June 1966, $1.1 billion balances accumulated for the payment of personal loans and $800 million ~~ of participation certificates were excluded.
@FedFRASER