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July L.4.3. Not For Publication 1975 BANK - M i A S CITY AUG 1 1-75 — Research Library —' BANKING AND MONETARY DEVELOPMENTS June 1975 Banking Section Division of Research and Statistics Board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 1973 Year seasonally aaiusi.eu auiiu(11 JL ClUCO 1975 1974 2nd 1st 1st 2nd Qtr P Qtr. p Apr. half p half Year % p May P June 13.3 9.2 3.3 3.4 r4.4 2.4 2.6 3.6 .9 U.S. Gov't securities -14.7 -7.8 -27.3 99.8 82.1 97.4 118.6 80.0 73.3 Other securities 11.6 7.9 5.9 1.7 -1.4 4.9 -2.6 5.2 12.0 Loans 18.4 11.5 6.1 -5.5 r-1.5 -9.6 -9.7 -6.8 -12.5 Business loans 20.1 17.6 9.8 -8.0 -4.8 -11.3 -4.0 -10.6 -19.5 Real estate loans 20.0 10.4 6.7 2.6 3.7 1.5 2.7 .9 .9 Consumer loans 14.9 3.5 1.9 n.a. -6.7 n.a. -7.3 -8.8 n.a. Total bank credit —^ 1/ P Adjusted for loans sold to selected affiliates 13.5 9.2 3.1 3.4 r4.3 2.3 2.4 3.8 .9 Loans 18.7 rll.6 r5.9 -5.5 r-1.6 -9.5 -9 .8 -6.5 -12.4 Business loans 20.5 17.4 9.5 -7.7 -4.5 -10.9 -4.6 -9.9 -18.6 6.1 4.8 3.1 6.8 2.4 11.2 4.2 11.3 18.2 Total time deposits 16.2 15.1 10.5 8.5 10.1 6.8 4.7 3.9 11.6 Time other than CD's 11.4 9.4 7.6 14.6 13.6 15.2 10.6 15.0 19.3 CD's (dollar change in billions) 19.9 26.5 9.0 -6.2 -.5 -5.7 -1.4 -2.9 -1.4 Total bank credit 1/ Money stock - n.a. - Not available. Table 2 Loans and Investments at All Commerical Banks (Seasonally Adjusted) Total—/ Date Loansl/ U.S. Gov* t. securities (In billions o : dollars) 57.9 291.7 320.3 60.1 61.9 377.8 52.8 447.3 Other securities 85.9 104.4 116.7 130.2 1970—Dec. 1971—-Dec. 1972—Dec. 1973—Dec. 31 31 31 31 435.5 484.8 556.4 630.3 1974—Jan. Feb. Mar. Apr. May June July Aug. Sept. Oct. Nov. Dec. 30 27 27 24 29 30 31 28 25 30 27 31 638.9 647.4 657.5 666.9 673.4 677.5 687.5 693.9 689.9 690.8 692.5 r687.1 452.9 458.3 468.2 476.3 481.4 484.5 494.8 501.5 500.2 502.0 503.8 r498.3 54.5 56.4 56.4 57.1 57.2 56.4 55.9 55.3 52.3 49.8 49.1 48.7 131.5 132.7 132.9 133.5 134.8 .136.6 136.8 137.1 137.4 139.0 139.6 140.1 1975—Jan. Feb. Mar. Apr. May June 29 26 26 30 28 30 689.3 691.0 694.7 696.2 698.3 698.8 500.7 497.6 496.4 492.4 489.6 484.5 48.8 53.3 58.7 64.5 68.8 73.0 139.8 140.1 139.6 139.3 139.9 141.3 1/ 2/ r2/ 3/ P P P P P P 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." 3/ 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 ©state loans were reduced by $0.1 billion as the result of loan classifications at one large mideastern bank. v http://fraser.stlouisfed.org/ # * # # # # # e e # # * # # + e e # i Federal Reserve Bank of # St. #Louis Table 3 LOANS SOLD OUTRIGHT BY COMMERCIAL BANKS AND BANK CREDIT ADJUSTED FOR SELECTED LOAN SALES Loans sold outright by commercial banks (outstanding in billions of dollars? N.S.A.) Sold to Sold to nonbank public 2/ Affiliates 1/ Date Business Business Business Loans Total Loans Total Loans Total 0.4 1.7 2.8 1.6 2.0 4.5 1971—-Dec. 0.3 1.8 2.6 1.7 2.0 1972— Dec. 4.4 0.3 1.8 2.6 4.3 2.9 6.1 1973— n.a. n.a. 4.8 2.7 n.a. n.a, 1974—Dec 5^2 1975 Jan. Feb. Mar. Apr. May June 1/ 29 26 26 30 28 30 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. 4.6 4.5 4.7 4.6 4.7 4.7 2.7 n.a. n.a, n.a. n.a. 2.9 n.a. 2.7 2.7 2.8 2.8 n.a. n.a. n.a. n.a. n.a. n.a. n.a. Commercial bank credit (seasonally adjusted) Total loans and investments Adjusted 3/ Originial 48746 484.8 559,0 556.4 634.6 630.3 r 691,9 r 687.1 689.3 691.0 694.7 696.2 698.3 698.8 693.9 695.5 699.4 700.8 703.0 703.5 Total loans Adjusted 3/ Original 323,1 320.3 380.4 377.8 451.6 447.3 r 503.1 r 498.3 500.7 497.6 496.4 492.4 e 489.6 484.5 505.3 502.1 501.1 497.0 494.3 489.2 Business loans Adjusted 4/ 117.5 115.9 131.4 129.7 158.4 155.8 185.3 182.6 YriKinal 183.9 182.1 180.4 179.8 178.2 175.3 186.6 184.8 183.2 182.5 181.0 178.2 To bank holding companies, affiliates, subsidiaries, and foreign branches. Beginning August 28, 1974, loans sold w e i g h t 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' 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. 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 aillipn were in loans and $100 million in other securities. 1 6/ large mideastem bank. p - Preliminary. c — Corrected. Table 4 Loans at all Commercial Banks Seasonally Ajusted Business Date Real Estate Consumer 1971—Dec. 1972—Dec. 1973—Dec. 31 31 31 115.9 129.7 155.8 b i l l i o n s 60.2 81.4 70.4 98.1 80,9 117.7 1974—June July Aug. Sept. Oct. Nov. Dec. 30 1/ 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 1975—Jan. Feb. Mar. Apr. May June 29 26 26 30 28 30 183.9 182.1 180.4 179.8 178.2 175.3 130.8 131.1 131.4 131.7 131.8 131.9 (I n p p p P P Security c f d o l l Nonbank Financial Agriculture a r s) 10.8 14.7 12.2 15.5 21.5 28.0 12.8 14.6 17.7 82.9 83.6 84.2 84.4 84.5 84.2 83.7 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 83.6 83.3 82.3 81.8 81.2 n.a. 11.6 11.0 12.2 10.6 11.5 12.2 34.0 33.6 32.8 30.9 32.6 30.3 18.6 18.4 18.5 18.7 18.5 18.7 p - Preliminary n.a. - Not available. 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. • e e e e # • • e e # # # # e # e # # # • « Table 5 Changes in Loans and Investments at All Commercial Banks, Seasonally Adjusted (In billions of dollars) Item i,,.May 1975 , 1974 J. i i. Ji^lv Aue. S^Dt . +6.4 -4.0 May p . Mar .-EU June p ,, NQ.Y,JU_ Dec. + .9 +3.2 r-5.4 r+2.2 +1.7 +3.7 +1.5 +2.1 +.5 +4.3 +4.2 Oct. ,, jaiifc-ja,. +6.5 +3.5 +10.0 +.1 —. 8 -.5 —. 6 -3.0 -2.5 -.7 -.4 +.1 +4.5 +5.4 +54' +.3 +.3 +1.6 +1.1 +.5 -.3 +.3 -.5 -.3 +1.4 +1.7 + .2 +. 6 +1.3 +10.3 +6.7 -1.3 +1.8 +2.9 r-5.5 r+2.4 -3.1 -1.2 -4.0 -5.1 +2.6 -2.8 +5.1 +3.0 + .4 +1.8 +1.6 t1. 7 +1.3 —1.8 -1.7 -2.9 +1.7 +3.4 -1.6 +3.4 -.6 Business + .9 +.8 +. 6 +.5 + .7 + .7 +. 6 +.3 +.3 +.1 +1,5 +1.2 +.3 Real estate +.2 +.3 +.7 +.6 +.2 + .1 -.3 -.5 -.1 -r.3 -1.0 -.5 -0.6 n.a. Consumer +2.1 +.8 -2.8 + .1 -.1 -.7 +.2 -.6 +1.2 + .7 +. 6 + .9 +.3 -1.6 Security +1.6 —1.8 +2.1 +1.5 -.5 1/ +.7 -2.7 +1.7 -.4 -.8 -1.9 +1.7 -2.3 + .2 V +.1 + .1 V + .2 + .1 -.2 +a +.2 -.2 +.2 -.1 +.4 +1.1 T-.l +. 7 -.7 y r-.7 -.1 + .7 +. 1 -3.1 n.a. •"1.8 Loans and Investments 2/ U. S. Gov't, securities Other securities Loans 2/ i Nonbank financial Agriculture All other 1/ r-1.3 1 1/ Less than $50 million, n.a. - Not Available. 2/ Adjusted to exclude interbank loans. p - Preliminary. +.1 [ Table 5A Changes in Loans and Investments at All Commercial Banks, Seasonally Adjusted f (In billions of dollars) 1 1975 1974 Item +4.5 +5.4 +5.8 +4.3 +4.2 -.3 + .3 -.5 -.3 +. 6 +1.4 r-5.6 r+2.2 -3.2 -1.0 -4.1 -2.7 -5.1 -1.7 +1.3 —1.8 -1.6 -.7 -1.5 -2.8 r+2.0 +1.6 -.6 -3.0 -2.5 — •7 -.4 +.1 +.2 +.3 +.3 +1.6 +1.1 +.5 +2.3 +10.3 +6.7 -*1.3 +1.7 +2.5 +1.5 +3.4 +3.1 + .3 +1.8 +1.5 +6.4 4-.1 -.8 -.5 Other securities +1.3 +1.7 Loans 2/ +5.4 +3.4 Less than $50 million. Adjusted to exclude interbank loans, + .5 r-5,5 +10.0 - Preliminary. +2.2 +2.9 +3.2 p +1.4 + .8 4-6.8 1/ 2/ +3,9 -4.0 — fAug. -s- Business June p Dec. July U. S. Gov't, securities Mayp Feb.p Nov. June Loans and Investments 2/ Apr .p Jan.p Oct. May Sept. Mar .p Table 6 Changes in Loans and Investments at All Commercial Banks, at Weekly Reporting Banks, and at Other Banks, Not Seasonally Adjusted Adjusted for Loans Sold (In billions of dollars) Last Wednesdayr of Mav to end of June Item 1975p 1974 1973 1972 1971 1970 1969 All commercial banks 2/ Total loans U. S. Gov 1 t. securities Other securities Total +3.3 +3.2 +1.7 +6.3 +10.7 -2.0 +2.1 +10.9 +9.9 -0.5 +1.2 10.6 +8.3 -1.0 +0.6 +7.9 +8.1 +1.5 +1.8 +11.4 +6.2 -1.1 +1.2 46.4 +7.4 -1.4 40.8 46.7 All Large Banks 2/3/ Total loans U. S. Gov't, securities Other securities Total +1.4 +2.1 +0.4 +3.9 +8.5 -0.6 +1.0 +8.9 +6.9 40.8 -0.1 +7.6 +5.2 -0.2 -0.3 +4.7 +4.7 +1.1 40.6 +6.4 44.7 -0.5 40.4 44.7 46.5 -0.1 -0.1 46.1 Other banks 2/3/ Total loans U. S. Gov't, securities Other securities Total +2.0 +1.1 +1.3 +4.4 +2.2 -1.4 +1.0 +1.9 +3.0 -1.3 +1.3 +3.0 +3.1 -0.8 40.9 +3.2 +3.4 40.4 +1.2 +5.1 +1.3 -0.7 40.9 41.5 +1.0 -1.3 40.9 40.5 End of December to end of June Item 1975 p 1974 1973 1972 1971 1970 1969 All commercial banks 2/ Total loans U. S. Gov't, securities Other securities Total -19.1 +14.3 +1.9 -2.9 +33.9 -6.2 . +7.0 +34.7 +40.3 -9.2 +4.0 +35.1 +21.6 -4.7 +6.8 +23.7 +9.0 -1.5 +10.6 +18.0 +2.6 -3.1 44.2 +3.7 414.5 -10.5 +1.1 +4.9 All Large Banks 2/3/ Total loans U. S. Gov't, securities Other securities Total -19.2 +8.4 -2.4 -13.2 +20.8 -4.5 +1.4 +17.6 +24.3 -5.5 -0.7 +18.1 +10.1 -2.8 +1.3 +8.6 +1.2 -2.0 +5.0 44.1 +0.4 -1.6 +2.3 +1.1 +8.3 -6.3 -1.5 40.4 Other banks 2/3/ Total loans U. S. Gov't, securities Other securities Total +0.1 +5.9 +4.3 +10.4 +13.6 -1.6 +5.7 +17.7 +16.0 -3.7 44.7 +17.0 +11.4 -1.9 +5.5 +15.0 +7.8 40.5 +5.6 +13.9 +2.2 -1.5 +1.9 +2.5 46.2 -4.1 42.5 44.5 1/ 2/ Less than $50 million, 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 1967-75. NOTE: 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 Tables 3 and 8. Table 7 Changes in Commercial and Industrial Loans at Large Commercial Banks (In millions of dollars) Late May to late June 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. Petroleum Chemicals Other durable manufacturing Other nondurable manufacturing Mining Public Utilities, total Transportation 3/ Communication 3/ Other public utilities Construction All ether types of business Bankers acceptances Services 3/ Other Foreign business concerns 3/ Classified Unclassified Total Change 1971 1972 1973 1974 445 +34 +143 464 459 4-271 4-50 4-29 489 4-103 494 -38 4-20 +64 +31 +58 -183 +84 +9 +75 -127 -33 -56 -60 +85 -136 +155 -122 -88 +255 +123 +132 +503 -29 +363 +6 +127 -113 +73 +167 +65 +151 -185 +212 +124 -24 +989 -21 4968 +22 +89 -29 -39 +77 -24 -76 +269 +76 +150 +43 +170 -198 -183 +331 -346 +19 +90 +227 +317 +120 +35 +470 +15 +351 +104 +166 44 +53 +140 446 -5 +376 +143 -29 +262 +197 mi 493 +248 +106 -2 +1996 +105 +2101 +110 +59 +215 -212 +120 +160 +120 +23 4488 -31 -29 +548 +168 ±803 +301 +108 +394 +206 +2639 +60 +2699 Late December to late June 1975 p 1971 1972 -241 -53 -231 -136 -95 -546 -650 -194 -201 -469 +596 4478 +16 -4&9 -48 -is -18 +90 -124 -146 +€j0 +69 -111 +20 -54 -77 -10 4*6£) +86 +17 +157 +216 -785 -25 -810 ±214 4441 +273 +208 +175 +20 -181 +194 +328 -326 -14 +255 -20 -187 -482 -238 +78 -322 +437 =ML -524 +175 +87 4422 +229 +599 +828 +118 -138 462 -7 -234 441 +650 -192 -71 +339 -93 -130 -188 -96 -2 -90 +588 _+22 -817 +665 +191 +138 +868 +1070 +1938 1973 1974 -153 -289 +2020 +1280 +740 +2989 +79 +1711 +700 4499 +905 +27 4664 4890 +340 +250 +1170 463 +236 +871 4664 +1524 +448 4462 +614 +592 +11593 +972 +12565 1975 p -1572 -963 -1415 -325 -1090 -1686 +27 -1262 -294 -157 -275 +228 -247 -716 -271 -140 -1977 -272 -287 -1418 -282 -742 +610 -1096 -256 +290 -9768 +7 -9761 1./ Four most comparable weeks used throughout, 2/ 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 1964——Dec. 1965—Dec. 1966—Dec. 1967—Dec. 1968—Dec. 1969—Dec. 1970—Dec. 1971—Dec. 1972—Dec. Other securities Total loans Business 31 o/ 311/ 31 31 315/ 279.2 307.6,, 324.0l' 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 38.8 44.9 oy 48. 61.5 71.5 71.3 86.1 104.7 117.1 177.4 60.2 203.2 , , 71.4 219.01/ 2J 80.6 236.8 88.4 264.4 98.4 286.1 108.4 299.0 112.5 328.3 118.5 387.3 132.7 1973——Jan. Feb. Mar. Apr. May June July Aug. Sept. Oct. Nov. Dec. 31 28 28 25 30 30 25 29 26 31 23 31 565.6 571.1 580.6 587.3 594.8 605.6 607.4 613.4 619.9 624.0 628.2 647.3 65.6 61.6 61.2 60.4 58.3 57.9 56.5 54.9 55.1 56.0 57.8 58.3 116.5 116.8 117.7 118.6 119.9 121.1 121.7 123.3 124.8 127.0 126.5 130.6 383.5 392.6 401.7 408.3 416.6 426.6 429.3 435.2 440.1 440.9 443.9 458.5 132.0 136.6 141.7 144.4 146.4 150.4 151.6 152.0 153.8 152.9 154.1 159.4 1974—Jan. Feb. Mar. Apr. May June July Aug. Sept. Oct. Nov. Dec. 30 27 27 24 29 306/ 31 28 25 638.4 642.1 654.0 664.2 669.8 681.6 686.3 689.4 689.5 689.5 30 7/ nl! 692.2 31 r705.7 58.8 57.7 57.5 56.4 54.1 52.1 52.2 52.0 50.7 50.7 52.1 r54.5 130.7 131.7 133.5 134.7 135.5 137.6 136.9 136.8 137.6 138.1 138.1 140.5 448.9 452.7 463.0 473.0 480.3 491.8 497.2 500.6 501.2 500.7 502.0 r510.7 53.6 55.7 59.6 63.7 65.6 68.8 138.9 139.1 140.3 140.9 140.6 142.4 495.9 491.5 490.3 490.6 488.4 491.8 1975—Jan. Feb. Mar. Apr. May June N0TE9 U.S. Gov't. 31 31 31 30 29 26 26 30 28 30 p p p p p p 688.3 685.3 690.2 695.2 694.7 703.0 n.a. - Not Available. Data exclude domestic interbank loans. I p - Preliminary. Consumer, and "other loans Real estate Security Farm Consumer Nonbank financial institutions All othei 8.4 8.5 9.0 10.5 11.8 10.7 12.1 12.9 17.6 7.5 8.2 8.62/ 9.3 9.7 10.3 11.2 12.5 14.3 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 15.14/ 15.9 16.9 23.4 15.7 16.8 15.3 16.9 19.3 20.6 21.2 25.3 30.3 99.6 100.9 102.5 104.1 106.1 108.2 109.9 111.9 113.8 115.4 116.8 118.0 14.9 14.4 13.6 13.4 13.6 13.4 12.1 12.8 12.2 12.4 12.4 14.6 14.6 14.8 15.0 15.3 15.7 16.0 16.3 16.5 16.7 16.9 17.1 17.3 71.0 71.6 72.5 73.7 75.1 76.5 77.5 79.0 79.5 80.3 80.8 81.2 22.2 23.3 24.5 24.8 26.0 27.7 27.6 28.2 28.8 28.0 27.7 30.5 29.2 31.0 31.9 32.6 33.7 34.4 34.3 34.8 35.3 35.0 35.0 37.3 156.2 157.9 164.9 170.2 172.3 177.2 178.4 179.4 181.5 182.0 183.2 186.8 118.8 119.5 120.8 122.5 124.1 126.2 127.2 128.3 129.2 129.9 130.1 130.6 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 84.0 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 r 42.2 181.7 180.3 180.0 180.4 177.8 177.9 130.7 130.6 130.6 131.0 131.3 131.8 11.5 10.8 11.9 10.2 11.3 12.4 18.1 18.1 18.3 18.6 18.7 19.1 83.0 82.2 81.2 81.2 81.1 n.a. 32.7 32.1 31.7 31.7 31.5 32.4 38.2 37.4 36.6 37.5 36.7 n.a. 43.7 49.3 53.9 58.5 65.1 , 70. oi/ 72.5 81.6 98.4 were partly estimated for all dates. Other data are partly estimated on all but June and 0 B e g i n n i n g , $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 Beginning June*1972^°business w i n s w e r r r e d w e d ^ y ^ O ^ m i l l i o n , 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. Total loans and investments were increased 6/ 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 $1jD- billion; business loans by $0.6 billion; real 2/FRASER Digitized for 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 http://fraser.stlouisfed.org/ real estate loans reduced by $0.1 billion as the result of loan reclassifications at one large mideastern bank. 5/ Federal Reserve Bank of St. Louis D A T E 1959—Dec. 31 I960—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. 1969—Dec. 1970—Dec. 1971—Dec . 1972—Dec. 31* 1973—Dec. 31* TABLE P * A/ Ratios of Total Deposits L O A N S B a n k s M e m b e r Reserve City Banks ' , City All of New York commercial Other Country Chicagc 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 57.9 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 r72.8 (74.3) 78.4 (75.5) (76.1) (75.9) (75.4) (75.1) (72.5)' 76.0 89.4 (87.4) 101.1 85.4 66.0 87.4 (85.8) 91.5 81.9 64.5 74.1 (73.8) 1975—Jan. 29*P Feb. 26*p 73.6 (73.4) Mar. 26*p 72.5 (72.3) Apr. 30*p 71.9 (71.6) May 28*p 71.6 <7-1.4) June 25*p 71.7 (71.9) * - Ratios in parentheses are those obtained by adding Euro-dollars to the deposit base. Total loans (adjusted to exclude loans to banks); U.S. Government securities V 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. 3/ Loan data revised to exclude only loans to domestic commercial banks. Previous data had also excluded loans to foreign commercial banks. Table 10 Money Stock Measures and Deposit Turnover (Seasonally adjusted; dollar amounts in billions) M Ml n Currency plus demand deposits!/ plus time dep. at coram, other than large CD*s£J M3 M2 plus deposits . at nonbank thrift institutions and credit union shares^' Currency Components of money stock measures and related items Nonbank thrift Demand institutions total Deposits CD's Other U.S. Gov't. deposits (all member) Turnover outside N.Y. C^ty (per cent) 1972-December 1973-December 255.8 271.5 525.7 572.2 844.9 919.6 56.9 61.6 198.9 209.9 43.9 63.8 269.9 300.7 313.8 364.5 319.1 347.4 5.6 3.9 61.8 75.8 1974-June July August September October November December 280.0 280.4 280.5 280.7 281.6 283.6 284.4 597.1 599.6 601.9 603.4 607.6 611.6 613.5 955.8 959.6 962.6 965.0 970.7 976.9 981.7 64.6 64.8 65.5 65.9 66.5 67.4 67.9 215.4 215.6 215.0 214.8 215.2 216.2 '16.5 81.3 83.6 83.8 84.8 86.2 85.5 90.3 317.1 319.2 321.5 322.7 325.9 328.0 329.1 398.4 402.8 405.2 407.5 412.1 413.6 419.4 358.7 360.0 360.7 361.7 363.2 365.3 368.2 5.3 4.2 6.2 6.3 3.7 4.6 1.9 79.8 82.8 86.3 83.7 84.1 87.5 86.6 1975-January February March April May r June p 282.2 283.5 286.1 287.1 289.7 294.1 615.5 620.3 626.4 630.4 637.3 647.3 987.0 995.6 1007.2 1017.2 1029.6 1045.7 68.2 68.8 69.5 69.6 70.3 71.1 214.0 214.7 216.6 217.5 219.4 223.0 92.7 92.1 89.8 88.4 85.5 84.1 333.0 336.0 340.3 343.3 347.6 353.2 426.0 428.9 430.0 431.7 433.1 437.3 371.5 375.3 380.8 386.8 392.2 398.4 .7 .6 .7 2.1 2.1 3.8 83.4 85.8 82.2 82.0 83.1 n.a. 292.4 294.2 294.1 294.7 643.1 646.3 647.6 649.0 n.a. n.a. n.a. n.a. 70.6 71.1 71.2 71.4 221.8 223.1 222.9 223.3 83.9 84.1 84.1 84.2 350.7 352.1 353.5 354.3 434.6 436.2 437.7 438.4 n.a. n.a. n.a. n.a. 3.6 5.7 5f0 2.6 n.a. n.a. n.a. n.a. Week ending: June ,, V 4 11 18 25 p to currency „nd d.„«d d.„.lt,, ..vlng. d.po.lt., ti.« d.po.it. o „ . account, «»d t l « c.rtlflc.t.. o< d.^.it. other then Average of beginning and end of month deposits at mutual savings banks, savings and loan shares, and credit union shares. Table 11-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^/" Total liquid assets Period Total Currency 634.4 721.1 49.1 52.6 56.9 885.3 61.6 62.0 68.2 68.8 1970—December 1971—December 1972—December 1973—December 786.7 868.7 980.2 1093.5 1974—January February March April May June July August September October November December 1102.3 1112.7 1134.9 1142.3 1152.7 1159.8 1164.0 1167.8 1175.7 1179.7 1184.3 890.4 897.4 904.7 909.9 919.9 918.7 922.0 924.6 926.5 932.0 939,0 941.7 1975—January February March April May June 1192.2 1199.9 1208.4 1218.3 946.4 954.5 965.3 974.8 1245.0 1004.0 NOTE: 1121.6 1228.3 816.0 987.3 62.7 63.3 63.9 64.3 64.6 64.8 65.5 65.9 66.5 67.4 67.9 69.5 69.6 70.3 71.1 Demand deposits Other Liquid Assets Time Deposits Commercial banks Total Negotiable Commercial paper CD's 9 8 10 Savings bonds 11 153.2 161.7 175.2 181.5 199.2 233.6 264.7 294.8 232.9 273.2 319.1 347.4 152.3 147.6 164.2 208.3 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 59.9 180.2 181.6 182,7 183.2 183.0 184.6 184,7 184,1 183,6 183.8 184.8 183.4 298.6 301.7 304.3 306.6 307.6 310.8 312.5 314.3 315.4 318.6 320,8 322.1 349.6 351.5 354.4 356.3 357.0 358.6 211.9 215.2 216.9 224.9 230.4 234.0 237.8 239.4 241.3 243.7 240.7 242.6 60.7 62.4 62.2 52.3 53.2 54.4 55.9 56.3 57.1 58.4 59.1 59.7 60.9 60.8 60.3 60.0 60.3 60.5 72.6 75.0 76.4 75.9 76.3 77.2 76.0 79.8 38.9 39.4 39.7 40.1 40.5 40.7 41.5 42.6 43.3 43.4 41.4 39.6 181.1 181.9 183,5 184.5 186.0 189.6 325.6 328.6 331.4 333.9 338.6 344.5 371.5 375.2 380.9 245.8 245.3 243.1 243.6 241.0 241.0 82.4 82.2 80.4 79.3 75.8 74.1 39.1 39.3 39.7 40.1 40.3 40.6 61.1 63.2 63.5 63.8 64.1 64.4 64.7 For description of items, and computation of ratios see Table 11-C Thrift institutions U.S. shortterm marketable Treasury securities 360.0 360.7 361.7 363.1 356.0 368.3 386.8 392.4 398.8 68.1 60.3 59.2 60.1 60.5 61.6 60.8 61.0 61.2 61.5 61.7 62.0 62.3 62.6 62.8 TABLE 11-B Period Currency and demand deposits to liquid asset&l/ 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--Bec, 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 18.0 17.9 17.6 17.6 1975--QI Q2 20.9 20.9 49. 3 48. 9 31.5 32.0 84.6 n.a. 17.7 n.a. 1975--Jan. Feb. Mar. Apr. May June 20,9 20.9 20.9 20.9 20.9 20.9 49. 4 49. 4 49. 3 49. 1 43. 9 48. 9 31.2 31.3 31.5 31.7 31.9 32.0 n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. 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 M- held by domestic nonfinaneial sectors. Deposits at nonbank thrift institutions, as published in money stock statistics, plus monthly-average deposits at credit unions. Sum of columns 8, 9, 10, and 11. Negotiable certificates of deposits over $100,000 at weekly reporting banks, except foreign holdings. Commercial paper held outside banks and other financial institutions. Short-term marketable U.S. Government securities excluding official, foreign, and financial institution holdings. All issues due in one year or less, including bonds and notes, plus a sliding proportion of issues due in 13 to 24 months. Series E and H savings bonds held by individuals. Sum of columns 3 and 4 to column 1. Column 6 to column 1. Column 1 to GNP. Annual averages are based on 12-month averages of column 1 and annual GNP. Quarterly averages are based on 3-month averages of column 1 and quarterly GNP. Sum of columns 3 and 4 to GNP. Annual averages are based on 12-month average of columns 3 and 4 and annual GNP. Quarterly averages are based on 3-month average of columns 3 and 4 quarterly 6NP.
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