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L.4.3 Not For Publication FEDERAL RESERVE BANK. of KANSAS C I T Y JUL (-76 - Research Library,« BANKING AND MONETARY DEVELOPMENTS June 1976 Banking Section Division of Research and Statistics Board of Governors of the Federal Reserve System Table 1 Changes in Commercial Bank Credit, Honey Stock and Time Deposits Seasonally adjusted annual rates (per cent) 1974 # Year 1st Qtr. 4.7 4.9 5.6 29.1 14.1 36.8 44.3 9.1 4.4 5.7 U.S.Govt, securities -7.5 57.5 90.6 8.0 3.6 6.0 5.0 .8 -.7 -4.3 .6 4.4 -4.2 -9.0 -3.2 .7 Loans^ 11.5 Business loans 17.5 Real estate loans 10.4 Consumer loans 4.3 3.2 4.4 -1.0 -4.1 1.5 - 2.3 1976 2nd Qtr. Apr.p May p June p 4.2 5.4 26.3 24.5 2.2 5.9 1.8 1.9 -5.3 -7.7 -2.8 -6.3 1.2 1.5 7.0 8.0 8.9 6.9 -.7 -5.6 4.3 5.6 n.a. 3.7 n.a. 11.0 6.9 5.1 2.0 40.0 12.9 — — .8 .2 .2 1.4 -3.5 8.6 5.1 n.a. n.a. adjusted for loans sold to selected affiliates # Total bank credit^ # 1st half Total bank credit—^ # Other Securities • 1975 2nd 3rd 4th Year Qtr. Qtr. Qtr. 9.2 4.4 5.7 4.2 4.6 4.9 5.5 4.3 5.4 5.4 2.1 -.7 -4.3 .4 4.3 1.6 2.1 1.0 1.9 .7 .5 1/ Loans- 11.6 Business Loans 17.4 Money stock - M^ 4.7 4.1 9.7 3.6 1.6 5.6 4.3 6.7 14.9 6.4 -1.2 Total time deposits 15.0 7.9 6.3 2.6 12.9 6.9 5.4 8.2 8.1 1.0 15.3 Time other than CD's 9.4 12.2 14.6 8.9 11.6 14.9 17.1 12.2 14.9 11.4 10.1 -6.9 -5.7 -5.0 3.8 -12.3 -9.7 —2.6 -1.8 -3.2 CD's (dollar change in billions) 26.3 -4.2 —8.7 -3.3 1/ Adjusted to exclude domestic interbank loans, n.a. - Not available. - -4.9 -7.4 -2.2 -6.2 2.1 -2.8 2.4 Table 2 Loans and Investments at All Commercial Banks (Seasonally Adjusted) Total-/ Date 1/ Loans— U.S. Gov't. Securities Other Secutities (In billions of dollars) 1972—December 31 1973—December 31 1974—December 31—' October 29 November 26 December 31 •January February March April May June 28 25 31 28 26 30 P P P P P P 558.0 633.4 690.4 378.9 449.0 500.2 62.6 54.5 50.4 116.5 129.9 139.8 716.3 722.2 721.1 495.0 498.5 496.9 76.0 76.8 79.4 145.3 146.9 144.8 723.3 726.7 731.2 734.5 737.6 738.8 497.3 497.8 499.7 500.5 500.6 500.7 81.0 84.4 88.2 90.0 93.0 94.0 145.0 144.5 143.3 144.0 144.0 144.1 1/ Adjusted to exclude domestic commercial interbank loans. P ~ Preliminary 2/ 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 trere 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 mideastern bank. TABLE 3 LOANS SOLD OUTRIGHT BY COMMERCIAL BANKS AND BANK CREDIT ADJUSTED FOR SELECTED LOAN SALES Date •1971—Dec. 1972—Dec. 1973—Dec. 1 9 7 4 — Dec W July Aug. Sept. Oct. Nov. Dec. 30 27 24 29 26 31 1976 Jan. FebMar. Apr. May June 28 25 31 28 26 30 Loans sold outright by commercial banks (outstanding in billions of dollars N.S.A.) Sold to Sold to Affiliates 1/ nonbank public 2/ Business Business Business Total Loans Total Loans Loans Total 4.5 2.8 2.0 1.6 1.7 0.4 2.0 2.6 4.4 1.7 0.3 , 6.1 2.9 4.3 2.6 1.8 0.3 n. a. 4.8 n.a. 2.7 n.a. n.a. 1.8 n.a. p p pV p p p Total loans and investments Oiriginial Adjusted 3/ Total loans Original Adjusted 3/ 488.5 560.6 637.7 695.2 320.9 378.9 449.0 500.2 323.7 381.5 453.3 505.2 116.1 710.3 713.8 717.2 721.0 726.9 725.5 489.9 490.2 491.5 495.0 498.5 496.9 494.4 494.7 496.0 499.7 503.2 501.3 176.7 176.5 175.4 176.3 177.1 176.0 179.5 179.3 178.2 179.2 179.9 178.5 176.6 179.1 177.8 174.0 173.1 173.4 173.0 n.a. n.a. n.a. n.a. n.a. n.a. 2.9 2.5 n.a, n.a. n.a. n.a. n.a. n.a. 705.8 709.3 712.7 716.3 722.2 721.1 4.3 4.5 2.5 2.7 n.a. n.a. n.a. n.a. 723.3 726.7 727.6 731.2 497.3 497.8 501.6 502.3 4.2 4.2 4.4 4.5 2.6 2.6 n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. 731.2 734.5 737.6 738.8 735.4 738.7 742.0 743.3 499.7 500.5 500.6 500.7 503.9 504.7 505.0 505.2 n.a. n.a. n.a. n.a. 4.5 4.5 4.5 4.7 4.7 4.4 n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. 2.8 2.8 2.7 2.8 Business loans * Adjusted 4/ Original 485.7 558.0 633.4 690.4 2.8 2.8 n.a. n.a. n.a. n.a. n.a. n.a. a.a. Commercial bank credit (seasonally adjusted) 130.2 156.4 183.3 175.1 171.4 170.5 170.7 170.2 117.7 131.9 159.0 186.0 1/ To bank holding companies, affiliates, subsidiaries, and foreign branches. Beginning August 28, 1974, loans sold outright to selected bank bank affiliates reflect a newly issued definition of the group of affiliates included as well as a somewhat different group of reporting banks. 2/ To other than banks' and bank-related affiliates or subsidiaries. 3/ Includes all loans sold to bank holding companies, affiliates, subsidiaries, or foreign branches. 4/ Includes business loans sold to bank holding companies, affiliates, subsidiaries, or foreign branches. J5/ Beginning June 30, 1974, data revised to include one large mutual savings bank which merged with a nonmember commercial bank. investments were increased by about $600 million of which $500 million were in loans Total loans and 6/ Beginning October 31, 1974, as the result of the liquidation of one large bank,total loans and investments were reduced by $1.5 billion; total loans by $1.0 billion; and business loans by $0.6 billion. However, as the result of loan reclassifications at another large bank, business loans were increased by $0.1 billion. JJ Beginning March 31, 1976, as the result of loan reclassifications in Chicago City and in the San Francisco District, business loaut* were reduced by $1.2 billion. p preliminary ^Business loans revised due to Call Report revisions. Table 4 Loans at all Commercial Banks Seasonally Adjusted Business * Real Estate Consumer Security Nonbank Financial Agriculture (In billions of dollars) 1971—Dec. 1972—Dec. 1973—Dec. 1974—Dec. 31 31 31 1/ 2/ 31- 116.1 130.2 156.4 183.3 81.4 98.1 117.7 130.2 60.9 71.8 83.4 87.0 10.8 14.7 12.2 11.4 15.9 22.1 28.9 33.3 12.7 14.5 17.5 18.4 1975—July Aig. Sept. Oct. Nov. Dec. 30 27 24 29 26 31 176.7 176.5 175.4 176.3 177.1 176.0 131.7 131.7 132.1 132.9 133.5 134.4 84.5 84.8 85.2 85.6 85.8 86.4 10.7 10.7 10.3 11.3 12.7 12.3 30.9 30.8 30.7 30.0 30.0 28.0 19.0 19.4 19.7 19.9 20.1 20.4 1976—Jan. Feb. Mar. Apr. May June 28 25 31 28 26 30 176.6 175.1 171.4 170.5 170.7 170.2 135.2 136.4 138.2 139.0 140.0 140.6 86.7 86.9 87.2 88.0 n.a. n.a. 10.6 11.1 13.3 13.3 29.0 29.3 28.9 28.7 28.1 27.2 20.6 20.8 21.2 21.4 21.8 22.0 p p 3/ P p p p IU p - Preliminary n.a. - not available. Beginning June 30, 1974, data revised to include one large mutual savings bank which converted to a nonmember V commercial bank. Real estate loans were increased by $.5 billion. 2j Beginning October 31, 1974, as the result of the liquidation of one large bank, business loans were reduced by by $0.6 billion; real'estate loans by $0.2 billion; and nonbank financial loans by $0.2 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. *Business loans revised due to Call Report revisions. Table 5 Changes in Loans and Investments at All Commercial Banks, Seasonally Adjusted (In billions of dollars) Item X7f0 /J.. May June July August Sept Oct Nov Dec JanP . FebP March? AprilP MayP JuneP Loans and Investments 2/ +1.8 +4.4 +. 8 +3.5 +3.4 +3.6 +5.9 -1.1 +2.2 +3.4 +4.5 +3.3 +3.1 +1.2 U. S. Gov't, securities +4.4 +4.1 +.8 +2,7 +1.7 -.7 +.8 +2.6 +1.6 +3.4 +3.8 +1.8 +3.0 +1.0 +.2 +1.7 +.9 +.5 +.4 +.8 +1.6 -2.1 + .2 -.5 -1.2 + .7 1/ + .1 -2.8 -1.4 -.9 +.3 +1.3 +3.5 +3.5 -1.6 +.4 + .5 +1.9 +.8 +. 1 + .1 r 1.8 -2.0 I/ —. 2 -1.1 +.9 +.8 -1.1 +. 6 -1.5 -2.5 - -.9 + .2 -.5 Real estate 1/ +.1 +.1 1/ +.4 +.8 +.6 + .9 + .8 +1.2 +1.0 +.8 +1.0 +.6 Consumer -,7 -.3 +.2 +.3 +.4 +.4 +.2 + .6 +.3 + .2 + .3 + .8 n.a. n.a. Security +.8 +.8 -1.5 1/ -.4 +1.0 +1.4 -.4 -1.7 +.5 +2.2 Nonbank financial +.4 -.5 -.3 -.1 -.1 -.7 1/ -2.0 +1.0 + .3 Agriculture 1/ +•1 +.3 +.4 +.3 +.2 + .2 +.3 + .2 -1.5 +.4 +.3 -.1 +1.9 +1.0 +.4 +.2 — .8 Other securities Loans 2/ Business All other 1/ 2/ Less than $50 million Adjusted to exclude interbank loans p - Preliminary 1/ +.5 +.4 -.6 -.2 - .6 -.9 +.2 + .4 + .2 + .4 + .2 -.4 +1.1 + .1 n.a. n.a. Table 5A Changes in Loans and Investments at All Commercial Banks, Seasonally Adjusted Adjusted for Loans Sold to Affiliates (In billions of dollars) Item May June July Loans and Investments 2/ +1.9 +4.4 U. S. Gov't, securities +4.4 Other securities Loans 2/ Business Sept Oct Nov Dec Janp Febp Marchp Aprilp +. 6 +3.5 +3.4 +3.8 +5.9 -1.4 +2.1 +3.6 +4.2 +3.3 +3.3 +4.1 +. 8 +2.7 +1.7 -.7 +.8 +2.6 +1.6 +3.4 +3.8 +1.8 +3.0 +.2 +1.7 +.9 + .5 +.4 +. 8 +1.6 -2.1 +.2 -.5 -1.2 +.7 i/ -2.7 -1.4 — 1.1 +.3 +1.3 +3.7 +3.5 -1.9 + .3 +.7 +1.6 +.8 +.3 -1.8 -1.9 -.1 -.2 -1.1 +1.0 +.7 -1.4 +.6 -1.3 -2.6 -.9 + .3 1/ Less than $50 million 2] Adjusted to exclude interbank loan-s p - Preliminary # # # Mayp August # # # # # # # 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 Item All commercial banks Total loans U. S. Gov't, securities Other securities Total Last Wednesday of May to end of June 1976p +7.3 +0.3 +0.7 +8.3 1975 1974 1973 1972 1971 1970 +5.6 +3.2 +2.2 +11.0 +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 +6.4 All Large Banks Total loans U. S. Gov't, securities Other securities Total +4.0 +0.8 +0.2 +4.9 +4.0 +2.4 +1.1 +7.5 +8.5 —0.6 +1.0 +8.9 +6.9 +0.8 -0.1 +7.6 +5.2 -0.2 -0.3 +4.7 +4.7 +1.1 +0.6 +6.4 +4.7 -0.5 +0.4 +4.7 Other banks Total loans U. S. Gov't, securities Other securities Total • +3.3 -0.3 +0.4 +3.4 +1.6 +0.8 +1.1 +3.4 +2.2 -1.4 +1.0 +1.9 +3.0 —1.3 +1.3 +3.0 +3.1 -0.8 +0.9 +3.2 +3.4 +0.4 +1.2 +5.1 +1.3 -0.7 +0.9 +1.5 1972 1971 1970 +21.6 -4.7 +6.8 +23.7 +9.0 -1.5 +10.6 +18.0 +2.6 -3.1 +4.2 +3.7 Item - End of December to end of JFune 1976p 1975 1974 1973 +40.3 -9.2 +4.0 +35.1 All commercial banks Total loans U. S. Gov't, securities Other securities Total -0.1 +6.7 -0.2 +6.4 -13.6 +13.7 +3.4 +3.6 +33.9 -6.2 +7.0 +34.7 All Large Banks Total loans U. S. Gov't, securities Other securities Total -7.0 +1.6 -1.1 —6.6 -16.5 +8.6 -1.7 —9.5 +20.8 -4.5 +1.4 +17.6 +24.3 +10.1 -5.5 -2.8 -0.7 +1.3 +18.1 +8.6 +1.2 -2.0 +5.0 +4.1 +0.4 —1 e ^ +2.3 +1.1 Other banks Total loans U. S. Gov't, securities Other securities Total +7.0 +5.1 +0.8 +13.0 +2.9 +5.1 +5.1 +13.1 +13.6 -1.6 +5.7 +17.7 +16.0 +11.4 -3.7 -1.9 +4.7 +5.5 +17.0 +15.0 +7.8 +0.5 +5.6 +13.9 +2.2 -1.5 +1.9 +2.5 1/ Less than $50 million. 2/ Based on revised reporting beginning July 1969. Changes have been adjusted to maintain comparability of series. V Based on revised coverage beginning July 1966 and January 1967-76. 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) Business of borrower Late May to late June 1/ 1972 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 Communication Other public utilities Construction All other types of business Bankers acceptances Services Other Foreign business concerns Classified Unclassified Total Change 1973 178 88 -211 -110 108 6 102 -214 -57 —98 225 187 38 501 —6 1974 -94 -143 385 105 280 575 -65 334 186 120 296 -52 205 280 148 36 1126 -3 107 1022 224 1256 596 141 519 361 4603 98 4701 Late December to late June 2/ 1975 -297 -38 -219 -173 —46 -730 25 -568 -105 3,9 7 6p 241 103 212 159 53 -198 —6 1972 -153 -533 431 399 32 -495 64 -214 -316 -29 613 -164 1971 1974 1975 1976P 84 -489 2103 1479 624 2022 -15 1453 20 564 718 193 632 918 333 285 1422 360 135 927 888 2904 -56 1147 1813 589 12602 1510 14112 -125 -344 2150 1262 888 3061 43 1682 776 560 986 187 749 1010 368 263 1808 91 372 1345 720 1977 743 495 739 747 13557 1010 14567 -1631 -947 -1374 -345 -1029 -1848 34 -1345 -322 -215 -227 356 -291 -712 -246 -453 185 876 548 328 -1449 22 -748 -452 -271 631 —63 -224 353 -184 —66 12 28 7 142 -82 —36 135 .155 30 159 -10 -17 218 -91 -116 24 -166 -20 -212 63 174 -148 118 326 2 75 82 44 -132 —61 19 216 97 -188 2 514 506 24 104 273 -1825 30 179 -5 -109 -60 -293 345 -76 68 46 316 -150 139 403 -39 167 17 -1382 177 229 -67 —28 451 -324 827 -30 360 -135 -94 -671 -176 163 206 28 —836 666 327 312 37 -47 753 -1052 -181 352 117 -116 -11 -285 43 -28 406 -14 237 473 578 2668 -329 592 360 -9265 212 147 -207 297 1200 -362 790 2815 -536 889 1560 -9627 V Tive most comparable w.eeks used throughout. 2_/ Changes are compiled December 29 , 1971; January 3, 1973; January 2, 1974; December 31, 1974, and December 31. These data cannot be linked with all commercial bank data which are always for December 1975. 21 64 676 -1437 -417 -238 -782 -919 -5687 -1945 -341 -3401 95 -7684 -286 -7970 TABLE 8 Loans and Investments at All Commercial Banks (In billions of dollars) (Not seasonally adjusted) Loans and investments Date 1966—Dec. 1967—Dec. 1968—Dec. 1969—Dec. 1970—Dec. 1971—Dec. 1972—Dec. 1973—Dec. 1974—Dec. 31 30 5 * 31 Hi/ 31 1/2/ 1975—Jan. Feb. Mar. Apr. May 29 26 26 30 28 30 July 30 Aug. 27 Sept. 24 Oct. 29 Nov. 26 Dec. 31 1976—r Jan. 28 Feb. 25 Mar, 31 Mar. 31 Apr. 28 26 May June 30 p p p (old) p (new) p p p U.S. Gov11 Other securities Total loans Business* Real estate Nonbank financial institutions All other Security Farm 8.6 9.3 9.7 10.3 11.2 12.5 14.3 17.3 18.2 38.3 40.6 46.3 51.0 53.6 61.2 72.1 83.7 87.3 13.3 12.5 13.7 . , 15.1 ~ ' 15.9 16.9 23.4 30.5 35.2 15.3 16.9 19.3 20.6 21.2 24.7 28.8 35.0 38.8 Consumer 324.0 360.8 400.4 412.1 446.8 497.9 571.4 647.3 705.6 56.2 62.5 64.5 54.7 61.7 64.9 67.0 58.3 54.5 48.8 -/ 61.5 71.5 71.3 86.1 104.7 117.1 130.6 140.5 219.0^-^ 236.8 264.4 286.1 299.0 328.3 387.3 458.5 510.7 80.6 88.4 98.4 108.4 112.5 118.5 132.7 159.4 186.8 53.9 58.5 65.1 70.0 -/ 72.5 81.6 98.4 118.0 130.6 9.0 10.5 11.8 10.7 12.1 12.9 17.6 14.6 13.6 689.1 686.8 692.5 698.1 698.3 709.3 703.9 706.1 712.5 714.6 722.4 737.0 53.5 54.6 59.3 63.3 65.0 68.2 69.4 72.0 75.4 75.9 79.4 84.1 139.1 139.5 140.9 141.7 141.7 143.9 143.4 143.8 144.3 144.9 145.4 145.5 496.5 492.8 492.3 493.1 491.6 497.2 491.1 490.3 492.8 493.7 497.6 507.4 181.9 180.7 180.5 181.1 178.7 179.0 176.7 175.3 175.8 175.3 176.5 179.4 130.6 130.4 130.4 130.8 131.0 131.4 131.7 132.1 132.8 133.7 134.2 134.8 11.3 10.6 11.7 10.0 11.2 12.4 10.4 10.4 10.1 11.1 12.7 14.8 18.1 18.1 18.3 18.5 18.7 19.1 19.4 19.7 19.9 19.9 19.9 20.2 86:3 85.5 84.4 84.4 84.3 84.6 85.0 85.6 86.0 86.2 86.1 86.7 32.8 32.2 31.7 31.7 31.6 32.4 31.4 31.0 30.6 29.5 29.5 29.6 35.5 35.3 35.3 36.6 36.1 38.2 36.5 36.2 37.6 38.0 38.7 42..0 731.4 720.8 84.8 85.4 89.3 89.3 90.2 90.5 90.8 144.0 143.6 143.5 143.5 145.2 144.6 145.3 492.6 491.9 496.9 496.9 496.7 500.0 507.2 174.4 173,5 172.5 171.3 170.6 170.8 172.4 135.1 135.7 136.6 137.4 138.3 139.4 140.5 10,4 10.9 13.2 13.2 12.5 13.5 14.5 20.2 20,4 20.9 20.9 21.3 21.9 22.4 86.3 85.9 86.1 86.1 87.1 n.a. n.a. 28.2 28.3 28.8 29.0 28.3 27.9 28.2 38.0 37.2 38.8 39., 0 38.6 n.a. n.a. 732.1 735.1 743.3 . n.a. - Not Available p - Preliminary *Data revised to reflect adjustment to December 31, 1975, Call Report. NOTE: 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. 1/ 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. 2/ Beginning June 30, 1966, about $1 billion of participation certificates previously included in agricultural and "all other" loans were reclassified as "other securities". 3/ Data revised beginning June 1969, to include all bank premises subsidiaries and other significant majority-owned domestic subsidiaries. 4/ 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. 5/ 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. 6/ 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 in "other securities." JJ ..Beginning October 31, 1974 as the result of the liquidation of one large bank, total loans were reduced by $1.0 billion; business 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 mideastem bank. 8/ Beginning March 31, 1976, as the result of loan seclassi*ictrtlqnsfcuafnfes?_loan» were reduced by $3,20.0 n^lign, regl sgt^tQ loans increased by $ 800 million; and nonbank financial by $200 million, and all other by $200-million. ^Business loans revised due to Call Report revisions. TABLE 9 * ^ Ratios of Total Deposits L O A N S Member All commercial banks DATE 1963- •Dec. 1964- •Dec. 1965- •Dec. 1966- •Dec. 1967- •Dec. 1968- •Dec. 1969- Dec. 1970- Dec. 1971- •Dec. 1972- •Dec. 1973- •Dec. 1974- Dec. 25 31 31 31 30 3^/ 31* 31* 31* 58.6 60.5 63.7 65.8 63.8 64.7 72.0 67.3 65.7 67.9 72.0 72.9 (63.7 (69.8 (66.2 (65.6 (67.7 (71.8 (72.5 otal 59.9 61.9 65.4 67.9 65.8 66.8 75.7 69.9 68.0 70.6 75.3 76.0 Banks Reserve City Banks City of New York City Chicago 67.4 69.3 75.9 83.5 79.9 83.5 102.8 87.5 84.1 85.4 87.7 87.4 (76.3) (86.4) (79.6 (83.2) (84.0) (86.4) (85.8) 62.1 64.4 70.2 77.0 70.8 75.1 89.5 80.6 78.1 87.2 93.7 91.5 Other Country 63.3 65.0 68.7 70.2 53.8 56.0 57.9 59.2 58.2 58.2 62.8 60.2 59.2 60.1 53.9 64.6 68.1 69.1 79.5 73.3 71.6 77.3 81.7 81.9 MEMBER BANK DATA NOW AVAILABLE ONLY ON CALL DATES 1975—June 30* July 30* Aug. 27* Sept.24* Oct. 29* Nov. 26* Dec. 31* 70.5 71.3 71.0 71.0 70.5 70.2 68.7 (70,3)73.4 (71.I] (70.8: (70.7) (70.2) (69.9) (68.3)71.5 1976——Jan. 28*p Feb. 25*p Mar. 31*p Apr. 28*p May ?6*p June. 3Q*p 69.6 69.7 68.6 69.4 69.7 68.8 (69.3) (69.4) (68.2) (69.2) (69.4) (68.5) 85.0 (81.9) 93.6 78.4 62.7 84.6 (81.6) 91.5 75.4 61.5 * - Ratios in parentheses are those obtained by adding Euro—dollars to the deposit base 1/ Total loans (adjusted to exclude loans to banks) 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 Turnovers (Seasonally adjusted; dollar amounts in billions) M 3 Mg plus deposits at nonbank thrift time dep institutions at c o m and credit other than, union 3 / 1 12/ shares^ Currency large CD "2 Components of money stock measures and related items M^ plus Currency plus demand 1/ deposits^' Demand Deposits CD's Time than other CD's Total Time Nonbank thrift ,, institutions—^ U.S. Gov't. deposit# Call member) Turnover outside N.Y. City (per cent) 1973-December 270.5 571.4 919.5 61.5 209.0 63.5 300.9 364.4 348.2 5.0 75.8 1974-December 283.1 612.4 981.6 67.8 215.3 89.8 329*3 419.1 369., 3 3.0 86.6 1975-July Aug. Sept. Oct. Nov. Dec. 291.9 293.2 293.6 293.4 295.6 294.8 647.5 650.6 652.9 655.8 662.1 664.3 1051.6 1060.6 1068.1 1075.8 1086.5 1092.9 71.3 71.9 72.0 72.6 73.4 73.7 220.6 221.3 221.6 222.1 222.1 221.0 82.1 78.8 79.1 80.9 81.8 82.9 355.5 357.4 359.2 362.4 366.5 369.6 437.6 436.2 438.3 443.3 448.3 452.4 404.3 410.3 415.4 420.2 424.6 428.8 2.6 2.8 3.0 3.0 3.9 3.0 81.6 86.2 85.1 83.5 84.9 84.7 220.8 82.9 670.2 74.2 295.1 1103.7 79.2 433.7 1976-Jan. 454.4 2.6 375.2 438.9 221.5 89.6 678.5 75.1 Feb. 296.5 1117.2 75.4 381.9 457.3 2.6 222.3 73.2 444,3 92.5 75.7 298.0 683.4 1127.3 458.5 Mar. 2.5 385.4 76.7 691.9 1141.1 225.0 301.7 71.4 88.4 449.3 390.2 461,6 Apr. 2.5 77.4 1151.2 697.2 226.0 May 303.3 88.2 68.2 393.9 462.0 454.1 2.3 77.6 1158.4 700.2 303.0 225.4 June 467.9 458.3 70.6 397.2 3.7 a*. Week ending: 699.7 June 2 304.2 n.a. 77.6 226.5 68.7 464.2 395.5 n.a. n.a. 2.8 700.6 304.0 n.a. 77.8 226.2 9 69.7 466.3 396.6 n.a. n.a. 4.5 701.3 303.7 n.a. 77.7 16 226.0 70.4 397.6 468.0 n.a. n.a. 5.3 699.5 23 301.9 77.7 n.a. 224.2 71.1 397.7 468.7 n.a. 3.8 n.a. 701.2 n.a. 30 301.7 77.6 224.1 72.0 399.5 471.5 n.a. n.a. 2.5 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 vault# 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 $100,000 or more by large weekly reporting commercial banks. 2/ Includes M., plus the average of the beginning and end of month deposits of mutual savings banks, savings and loan shares and credit union shares. 4/ Average of Beginning and end of month deposits at mutual savings banks, savings and loan shares, and credit union shares. 3\ r-' »- 3\ WGSofT*k l«crj<vs/.r: I\ bkocssa ox c~ - , IBCinqeo (?) % - % - Table 11-A •f Liquid Asset Holdings of Private Domestic Nonfinaneial Investors (Seasonally adjusted monthly averagesr amounts in billions of dollars, ratios in per cent) 1 Time Deposits X CP* Other Liquid Assets Currency and Deposits U.S. shortterm marketable Treasury securities 10 Savings bonds 11 Total liquid assets 1 Total 2 Currency 3 Demand deposits 4 Commercial blanks 5 Thrift institutions 6 Total 7 Negotiable CD's 8 784.8 866.3., 979.2 1093,3 ; 1183,4 632.5 719.9 816.1 885.4 940.9 49.1 52.6 56.9 61.5 67.8 151.4 160.3 174.9 180.9 182.1 199.3 233.7 264.7 294.9 321,9 232.7 273.4 319.6 348.0 369.2 152.3 146.3 163.1 206.9 242.5 23.0 30.2 39.7 57.9 79.6 24.7 24.0 27.5 38.3 41.8 52.6 37.8 38.3 50.3 57.8 52.0 54.3 57.6 60.4 63.3 125^.4 1011.1 Aug. 1258.6 1020.3 1027.4 TdA^-S^tirim >s£L264.4|1035.6 Oct. 1275.4 1046.7 Ta^3*BWGGm : 429^.1$' : 1052,6 1301.6 Dec. qe*. -«r • 13W.51063.9 1976—Jan. 132d.'7': 1078.1 Feb. 1#*.5" 1088.1 Mar. Apr. 1102.0 1342 ;i May 1351.3 1112.7 June 1362.5 1119.1 71.3 71.9 72.0 72.6 73.4 73.7 188.7 189.6, 189.7 189.0 190.7 189.0 347.0 348.8 350.5 354.0 358.2 361.3 404.1 410.0 415.2 420.0 424.4 428.6 240.3 238.3 236.9 239.8 244,9 249.0 71.9 69.1 69.3 70.6 71.5 72.9 42.1 41.1 40.4 40.5 41.1 41.6 60.8 62.2 61.0 62,1 65.4 67.3 65.6 65.9 66.2 66.6 66.9 67.2 74.2 75.1 75.7 76.7 77.4 77.6 189.1 190.0 190.2 192.5 193.8 193.0 367.1 374.3 378.2 383.6 '387.5 390.3 433.5 438.8 444.0 ,449.2 454.0 458.2 246.6 242.6 241.4 240.6 238.6 243.4 69.6 66.1 64.0 62.2 59.0 61.4 41.9 42.1 42.4 43.0 43.9 44.9 67.5 66.4 66.7 66.7 66.7 67.7 67.6 68.0 68.3 68.6 69.0 69.3 Period . 1970--Dec'. 1971—Itefc., 1972—1tefe. 1973—Defr, 1974-1%*,;. vnH1 NOTE: . Commercial paper 9 3 r r For description of items, and computation of ratios see Table 11-C. s*jq i)€?i'0<>Ti: .ispye 10 # *2 V* 10 # # # # # # ; # # ! # e # e • • • • • • • < TABLE 11-B Time Deposits at thrift institutions to liquid assets 14 12 Bank liability to liquid assets 13 1970--Dec. 1971--Dec. 1972--Dec. 1973--Dec. 1974--Dec. 1975--Dec. 25.5 24.6 23.7 22.2 21.1 20.2 47.6 49.0 49.0 48.9 49.3 47.9 29.7 31.6 32.6 31.9 31.2 32.9 77.4 78.1 79.0 79.7 81.6 83.0 19.9 19.6 19.0 18.2 17.6 17.2 1975--QI Q2 Q3 Q4 1976—QI 1975--June July Aug. Sept. Oct. Nov. Dec. 20.8 20.9 20.7 20.2 20.0 20.9 20.8 20.8 20.7 20.5 20.4 20.2 49.0 48.7 48.2 47.8 47.6 48.7 48.5 48.3 48.2 48.1 48.0 47.9 31.5 32.1 32.8 33.0 33.4 32.1 32.3 32.6 32.8 32.9 32.9 32.9 83.7 84.0 82.3 82.0 81.7 n.a. n.a. n.a. n.a. n.a. n.a. n.a. 17.4 17.5 17.1 16.7 16.4 n.a. n.a. n.a. n.a. n.a. n.a. n.a. 1976--Jan. Feb. Mar. Apr. May' 20.1 20.1 20.0 20.£ 47.8 47.7 47.6 47,5 47.4 n.a. n.a. n.a. n.a. n.a. n.a, n.a. n.a. n.a. n.a. 1Q A7.1 33.1 33.2 33.4 33.5 33.6 33.6 n n.a. Per iod June Currency and demand deposits to liquid assets 20.1 Q Liquid assets to GNP 15 Currency and demand deposits to GNP 16 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 held by domestic nonfinancial sectors. Deposits at nonbank thrift institutions and credit unions, as published in money stock statistics. 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 colum 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.
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