Full text of L.4.3 Banking and Monetary Developments : July 19, 1972

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" T l k . C/l&q-

/

1.4.3
Not for Publication

FEDERAL RESERVE BANK
of KANSAS CITY
JUL 24 IM72
— Research Library —

BANKING AND MONETARY DEVELOPMENTS
June 1972

Banking Section
Division of Research and Statistics
Board of Governors of the Federal Reserve System

#

TABLE 1
Changes in Commercial Bank Credit, Money Stock,
and Time Deposits

Seasonally adjusted annual rates (per cent)
1969
1970
1971
19 7 2
4th
1st
2nd
1st
Year
Year
Year
Qtr.
Qtr.
Qtr.
Half
Total bank credit

June

2.9

8.4

11.4

11.1

15.1

7.7

11.7

U.S. Gov't, sec.

-15.7

12.6

4.7

5.3

9.9

3.9

6.9

Other securities

-0.3

20.6

20.7

20.1

16.1

4.8

10.5

-7.6

8.2

4.5

12.5

9.7

15.8

9.5

12 .9

3.2

10.2

3.7

5.4

-2.4

9.0

Loans
Business Loans

5.8-/

7.4-/

0.5
— —

-9.0^

Adjusted for loan sales to bank affiliates
Total bank credit
Loans
Business Loans

Money stock
Time deposits

3.9

8.1

11.3

11.1

15.1

7.3

11.3

9.7

4.1

9.9

9.4

15.7

8.8

12.4

12.9

3.1

-3.4

9.6

4.3—/

7.0^ /

3,2

5,4

6.2

1.1

9.3

5.3

7.4

4.6

-4.9

17.9

17.9

15.9

14.8

15.7

15.6

16.3

4.8

2.5
-9.8-/

\J
Beginning June 1972, business loans were reduced by $400 million as a result of
loan reclassifications at one large bank. Changes have been adjusted to take account
of this reclassification.




TABLE 2
Loans and Investments at All Commercial Banks
(Seasonally Adjusted)
Loans

Total

Date

(

I n

b i l l i o n s

U.S. G o v 1 1 .
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

58.9
60.8
61.1
60.7
60.4
62.8

463.7
468.4
472.4
477.2
479.8
485.7

293.7
295.7 3/
296.5
298.2
300.7
302 .4
301.7
304.1
309.7
313.0
317.0
318.7
320.6

61.6
60.9
59.9
59.1
58.8
60.7

88.1
89.6
91.9
93.5
95.1
95.9
96.6
98.0
97.8
99.5
101.1
102.2
104.5

491.4
496.6
504.3
505 .8
513.8
514.0

325.7
328.5
333.3
334.8
340.3
341.2

59.7
61.0
. 62.2
62.4
62.8
62.8

106.0
107.1
108.7
108.6
110.7
110.0

1971--Jan.
Feb.
Mar.
Apr.
May
June

27
24
31
28
26
30 (old)
(new)4/
July 28
Aug. 25
Sept. 2 9
Oct. 27
Nov. 24
Dec. 31

1972--Jan.
Feb.
Mar.
Apr.
May
June

1/
"il
-

3/
4/

~


26
23
29
26
31
30

p
p
p
p

Adiusted to exclude domestic commercial interbank loans.
P " Preliminary.
Beginning July 1969, bank credit data are revised to include all bank premises subsidiaries and
0 ther 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
million are included in other securities; previously they had been included in real estate loans

#
#
TAB# 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
Affiliates 1/
nonbank public 2/
Business
Business
Business
Total
Total
Loans
Total
Loans

Date

1971—Jan. 27
Feb. 24
Mar. 31
Apr. 28
May 26
June 30(old)
June 30(new)
July 28
Aug. 25
Sept-29
Oct. 27
Nov. 24
Dec. 31
1972—Jan.
Feb.
Mar.
Apr.
May
June
June

26
23
29 p
26 p
31 p
30p(ol4
3Op(new

4 .6
4.5
4.5
4.4
4.5
4.7

2.5
2.5
2.3
2.3
2.3
2.3

2.9
2.9
2.9
2.7
2.8
3.1

4.4
4.4
4.6
4.5
4.4
4.5

2.2
2 .3
2.3
2.2
2 .2
2.0

4.6
4.5
4.4
4.4
4.2
3.9

2.1
2.0
2.2
2.1
1.9

1.8

2.1

1.7

Commercial bank credit
(seasonally adjusted)

Total loans
and investments
Original
Adjusted 3/

Total loans

Original

Adjusted 3/
296.6, ,
298.6^
299.3
300.9
303.5
305.5
304.8?/
307.0
312.4
316.0
319.3
320.3
323.4

1.9
1.9
1.9
1.9

1.6
1.7
1.7
1.6

0.4
0.4
0.4
0.4
0.4
0.4

2.8
2.8
3.0
2.9
2.8
2.8

1.8
1.8
1.9
1.8
1.8
1.6

1.6
1.6
1.6
1.6
1.6
1.7

0.4
0.5
0.4
0.4
0.4
0.4

463.7
468.4
472.4
477.2
479.8
485.7

466 .5
471.1
475.4
480.1
482.6
488.6

296.5
298.2
300.7
302.4
301.72/
304.1
309.7
313.0
316.3
317.5
320.6

3.0
2.9
2.8
2.7
2.5
2.3

1.7
1.7
1.8
1.7
1.5
1.4

1.6
1.6
1.6
1.7
1.7
1.6

0.4
0.3
0.4
0.4
0.4
0.4

491.4
496.6
504.3
505.8
513.8
514.0

494.4
499.5
507.0
508.5
516.3
516.3

325.7
328.5
333.3
334.8
340.3
341.2

328.7
331.5
336.1
337 .5
342.8
343.5

5/
5/
5/
0.1
-0.1
5/
5/
5/

13.2
14.7
9.1
8.0
9.5
13.2
6.8
12.2
10.2
12.2
6.5
14.8

12.8
14.6
9.1
7.4
9.8
13.3
6.2
11.8
11.0
11.9
6.2
14.9

7.0
8.2
3.2
6.9
10.1
6.8
9.5

12.8
15.3
6.4
7.2

6.9
8.1
2.8
6.4
10.4
7.9
8.7
21.1
13.8
14.8
6.4
6.7

7.7
10.9
-2.2
6.5
9.7
-5.3
11.8
21.2
10.4
4.1
-6.2
-5.2

7.5
10.7
-4.2
6.4
9.5
-5.2
10.5
20.9
11.3
3.0
-6.1
-7.1

5/
-0.1
0.1
1/
1/
" 5/

14.1
12.7
18.6
3.6
19.0
0.5

14.2
12.4
18.0
3.6
18.4

19.1
10.3
17.5
5.4
19.7
3.2

19.7
10.2
16.7
5.0
18.8
2.5

9.4
9.3
8.2
13.2
13.1
-9.0

10.2
9.1
9.1
12.0
10.9
-9.8

2.1

1.6

440.7,/
446.1—
449.5
452.5
456.1
461.1

443.6
449.0—
452.4
455.2
458.9
464.1

Net Change
(Billions of dollars)
1971—Jan. 27
Feb. 24
Mar. 31
Apr. 28
May 26
June 30
July 28
Aug. 25
Sept .29
Oct. 27
Nov. 24
Dec. 31

-0.1
-0.1
0.1

-0.2

0.2
-0.1
-0.1
o.r

1972- -Jan.
Feb.
Mar.
Apr.
May
June

0.1
-0.1
-0.1
5/
-0.2
-0.3

0.1
-0.1
. 0.2
-0.1
-0.2
-0.1

o.i
-0.1
-0.1
-0.1
-0.2
-0.2

26
23
29
26
31
30

5/
-0.1
5/
-0.1
0.1

0.2

-0.3
5/

0.2

p
p
P
p

5/
5/
-0.2
5/
5/
5/
-0.1
0.1
5/
-0.1

5/
-0.1
5/
-0.2
0.1
0.3
-0.3

5/

5/
5/
-0.2
5/
5/
5/
-0.1
5/
0.1
-0.1
-0.2
0.1
5/
0.1
-0.1
-0.2
-0.1

5/
-0.1
5/
0.1
5/
-0.1
5/
5/
5/
5/
5/
0.1
-0.1

5/

5/
0.1
5/
-0.1

%

l

p - Preliminary.

e - Estimated.
V

Business loans
Original
Adjusted 4/

T o bank holding companies affiliates subsidiaries or foreign branches.

22.1

8/

110.3
111.3
111.1
111.7
112.6
112.1

112.4
113.4
113.0
113.6
114.5
114.0

113.2
115.2
116.2
116.6
116.0
115.5

115.0
117.0
118.1
118.4
117.8
117.1

116.4
117.3
118.1
119.4
120.7
119.8 /
119.4-

118.1
119.0
119.9
121.1
122.2
121.2 ,
120.8-

Beginning June 1972, business loans were
reduced by about $400 million as the result
of loan reclassifications at one large bank.

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.
5/ Less than $50 million.

6V Includes $800 million System matches sale-purchase transactions outstanding on February 24.
http://fraser.stlouisfed.org/
V
Beginning June 30, 1971, Farmers Home Administration insured notes totaling approximately $700 million are included in'bther securities"
Federal Reserve Bank of
St. Louis
rather
than in "real estate loans"

TABLE 3 - Supplementary
LOANS SOLD OUTRIGHT BY COMMERCIAL BANKS AND BANK CREDIT ADJUSTED FOR SELECTED LOAN SALES

Pate

1969
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.

28
30
30
27 .
24
29
26
31

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

Loans sold outright by commercial banks
N.S.A.)
(outstanding in billions of dollars
Sold to
Sold to
nonbank public 2/
Affiliates 1/
Business
Business
Business
Loans
Total
Loans
Total
Loans
Total
2.0
2.8
3.7
4.24.7
5.9
6.1
5.3

1.7
2.4
2.7
3.0
3.9
4.1
3.2

7.7
8.3
8.5
9.0
9.8
9.8
10.0
9.6
6.8
6.0
5.4
4.7

5.1
5.8
6.0
6.4
7.1
7.2
6.9
6.6
4.2
3.7
3.2
2.5

1/

Commercial bank credit
(seasonally adjusted)
Total loans
and investments
Original
Ad lusted 3/

Total loans
Adjusted 3/
Original

Business loans 11/
Original
Adjusted 4/

1. 5
2 1
2 8
3 3
3 8
4 8
4 8
3 9

o.,|'
1.3 8 '
1.9
2.2
2.5
3.3
3.4
2.6

0.5
0.7
0.9
0.9
0.9
1.1
1.3
1.4

0.3
0.4
0.5
0.5
0.5
0.6
0.7
0.6

399.8
400.6
399.5
398.9
398.6
399,5
402.3
402.1

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
*82,6
283.3

102. 3
102.,4
102.,7
103.,4
104.,2
104..6
105 .1
105 .7

103.1
103.7
104.6
105.6
106.7
107.9
108.5
108.3

6 0
6 .6
6 .8
7 2
8 .1
8 .1
8 .2
8 .0
5 .2
4,.4
3 .8
3,.0

4.4
5.0
5.3
5.6
6.4
6.5
6.3
6.0

1.7
1.7
1.7
1.8
1.7
1.7
1.8
1.6

0.7
0.8
0.7
0.8
0.7
0.7
0.6
0.6

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..5

278.5
278.3
279.6
279.3
279.1
279.5
283.2
285.7

284.5
284.8
286.5
286.5
287.2
287.6
291.4
293.7

105,.2
105 .1
105 .1
105 .3
105,.5
106 .2
107 .0
108 .5

109.6
110.1
110.4
110.9
111.9
112.7
113.3
114.5

3.7
3.2
2.7
2.1

1.6
1.6
1.6
1.7

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. 5
109.4
109. 3
109. 6

113.2
112.6
112.0
111.7

Net Chiinee
(Billions )f dollars

During
month
ending:
June 30
July 30
Aug. 27
Sept. 2 4
Oct. 29
Nov. 26
Dec. 31

0.8
0.9
0.5
0.5
1.2
0.2
-0.8

0.6
0.7
0.3
0.3
0.9
0.2
-0.9

0 .6
0 .7
0 .5
0 .5
1 .0
5/
-0 .9

0.5
0.6
0.3
0.3
0.8
0.1
-0.8

0.2
0.2
5/
5/
0.2
0.2
0.1

0.1
0.1
5/
5/
0.1
0.1
-0.1

2.4
-3.3
-1.8
-0.9
2.7
8.4
-0.6

4.2
-1.2
-0.3
0.6
5.7
8.3
-3.2

4.0
-1.3
2.2
6.6
8.8
9.6
6.9

6.6
1.8
4.4
8.7
12.5
9.9
3.0

1.1
3.5
8.2
9.3
4.6
5.7
6.9

7.0
10.4
11.5
12
%
1375
6.7
-2.2

1970
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.

2.4
0.6
0.2
0.5
0.8
5/
0.2
-0.4
-2.8
-0.8
-0.6
-0.7

1.9
0.7
0.2
0.4
0.7
0.1
-0.3
-0.3
- 2.4
-0.5
-0.5
-0.7

2 .1
0 .6
0 .2
. 0.4
0 .9
5/
0 .1
-0 .2
-2 .8
-0 .8
-0 .6
-0 .8

1.8
0.6
0.3
0.3
0.8
0.1
-0.2
-0.3
-2-3
-0.5
-0.5
-0.6

0.3
1/
5/
5/
5/
5/
0.1
-0.2
5/
5/
5/
0.1

0.1
0.1
-0.1
0.1
-0.1
5/
-0.1
5/
-0.1
5/
5/
-o.i

-5.4
0.3
10.5
5.9
5.3
2.1
17.3
15.1
13.7
5.4
8.7
18.4

0.9
2.1
10.9
7.0
7.8
2.0
17.3
14.2
5.6
3.1
7.0
16.1

-3.9
-0.9
5.6
-1.3
-0.9
1.7
15.9
10.6
11.3
2.9
3.7
8.3

5.1
1.3
7.2

-5.7
-1.1

14.4
5.5
3.3
5.4
10.8
8.6
6.4
12.7
-13.6
-6.4
-6 .4
-3.2

8/

28
25
25
29
27
30
28
25
30
28
25
31

(Amciual rates jLn per cent)

Partly estimated.

9/ Adjusted to maintain comparability with subsequent data.


c - Corrected.

2 .9
1.6
15.9
9.5
-0.4
-0.4
1.2
4.5

2 .2
2.3
8.0
9.0
16.8
11.1
-1.1
-1.1
3.3

@

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

Total

Total

12.7

10.9
14.3
15.6
15.9
15.5
14.8
15.9
14.5

16.8
19.4
19.6
19.1
19.4
20.9
19.6

1970
Jan. 28
F e b . 25
Mar. 25
Apr. 29
May 27
June 24
July 29
Aug. 26 f
Sept.30 4
Oct. 28
• W . 15

21.5
21.5
20.5

20.6
21.7
21.5
19.8
19.5
15 .9
14.6

D e c . 30

mi

Jan. 17
Feb. 24
Mar. 31
Apr. 28
May 26
June 30
July 28
Aug. 25
Sept. 29
Oct. 27
Nov. 24
Dec. 29
1972
Jan.
Feb.
Mar.
Apr.
May
June

I
2/

26
23
29
26
31
28'p

-

10.2
9.1
6.4
5.7
5.1
5.2
5.2
4.9

6.0

6.6'
7 .0
4.4
5.0
4.7
5.1
4.8
4.6
4.6

15.2
14.5
13.2
T. 13.1
13.3
r 13.1
11.3
11.5

10.6

14
8.6

Euro-dollars
Through branches outside U.S.
Territories
Foreign and possessions
9.9
13.3
14.4
14.7
14.3
13.6
14.5
12.8

13.6
13.1
11.9
11.9
12.3
12.2
10.5

10.6
9.8
9.4

0.6
0.4
0.4
0.3
0.3
0.4
0.4

0.8
0.7
0.7

0.6
0.6
0.5

0.6
0.6

0.6
0.S

8.6

3
0.8
0.8

3.3
3.7
1.3

6.5
5.7
2.9
2.2
1.6
1.5
1.5
1.4
2.5
2.9
3.3
0.9

1.8

1.4

7.4
6.5
3.5
2.8
2.2

2.2
2.1
1.9

2.8

1.4
1.8

1.6
1.7

1.6

7.7

1.1

1.5
1.4
1.5
1.4

0.6
0.6

0.6
0.6
0.6
0.5
0.4
0.4
0.4
0.4
0.3
0.3
0.3
0.3
0.3

0.2

Through
brokers
and 1/
dealers

0.16/

Direct^
0.2 6/

Commercial
paper 2/

0.8

0.2 6/
0.3
0.5
0.4
0.5

0.4 6/
0.5
0.4
0.4
0.3
0.3
0.3

3.7
4.2
4.3

0.6

0.3
0.3

6.1

0.6
0.6

0.5
0.5
0.4
0.3

0.2

0.2

0.2
0.2
0.1

0.1

0.1

0.2

0.1

0.1

0.1

0.1

I
I
I
Z/
1/

2/

0.1

0.1

1.2
1.9

2.2

2.6

5.5

6.5
6.7
7.6
7.6
7.8
7.3
4.6
3.7
3.1
2.3

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

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/
1/

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

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

1/
7/
7/
1/
7/
0.2
0.2
d.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

1.2
1.2
1.1
0.9
0.9
1.0

1.0
1.0
1.0
0.9
0.9
0.9

0.2
0.2
0.1
o.i

0.4
0.4
0.3
0.3
0.3
0.3

0.3
0.3
0.3
0.3
0.4
0.4

!
2.0
1.9
1.7

1.8

1.7
1.7
1.8

1.8

1.9

2.0
2.0

2.0

2.1

2.1

i
1/

If

2.2

2.2

2.0

2.0

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.




Loans sold under
repurchase aereemeint 3/
To the
Customer
To bank
,. nonbank, guaranteed Ineligible
Total
public-' , paper

These Data Are Not for Publication.

X

if

0.2\

TABLE 5
Loans at All Commercial Banks
Seasonally Adjusted
Business

Date

Real iistate
In

1966—Dec.
1967—Dec.
1968—Dec.
1969—Dec.

31
31
31
31-'

78.6

86.2

95.9
105.7

1970—Dec. 31

109.6

1971—June 30(old)
(new)
July 28
Aug. 25
Sept. 29
Oct. 27
Nov. 24
Dec. 31

112.1

1972—Jan. 26
Feb. 23
Mar. 29
Apr, 26
Hay 31
June 30

116.4
117.3

1/
2/
3/

113.2
115.2

116.2
116.6
116.0
115.5

118.1
p
119.4
p
120.7
p
p(otii) 119.8 ,
(new) 119.4-'

Consumer

b i 1 1 i o n s of
38.2
53.8
40.0
58.4
44.8
64.92/
70.3-'(old)
48.1
69.8 (new)
49.7
72.3

4d o

Security
l i a r s

7.9
9.2

10.2
9.1

10.3

Nonbank
financial

12.0
11.3

^**2/
13.1— (old)
13.6 (new)
14.3

Agriculture
8.7
9.5

10.0
10.6
11.4

51.1

9.5

15.9

12.0

76.7
77.6
78.6
79.5
80.5
81.4

51.5

8.8

16.0

12.1
12.2

82.4
83.3
84.4
85.4

55.1
55.7
56.2
56.6

86.6
87.9

52.1

52.8
53.3
54.0
54.6

r 57.4
58.0

9.5
10.3
10.4
10.3

15.9
15.2
15.6
15.8
15.3

11.7

16.7
17.1
17.5
16.9
17.3

11.0
12.1
12.6
12.2
13.6
13.7

S : t *

12.3
12.4

12.6

12.8

12.9
13.0
13.2
13.3
13.5
13.7

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 completed in February 1972 are also Included in loans to
nonbank financial institutions.

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.
5/ Beginning June 1972, business loans were reduced by $400 million, nonbank financial increased by .
$300 million, and "other" loans increased by $100 million as the result of loan reclassification
at one large bank.




Table 6
Changes in Loans and Investments at All Commercial Banks, Seasonally Adjusted
(In billions of dollars)
1971

Item

1

1972

May

June

- July

Aug.

Sent.

Oct.

Nov.

Dec.

Jan.

Feb.

Marcho

Loans and Investments £/

4-3 .6

+5.0

+2.6

+4.7

+4.0

+4.8

+2.6

+5.9

+5.7

+5.2

+7.7

+1.5

+8.0

+0.2

U. S. Gov't, securities

-0.3

+2.4

-1.2

-0.7

-1.0

-0.8

-0.3

+1.9

-1.0

+1.3

+1.2

+0.2

+0.4

i/

Other securities

+1.6

+0.8-/

+1.4

-0.2

+1.7

+1.6

+1.1

+2.3

+1.5

+1.1

+1.6

^0.1

+2.1

-0.7

Loans 2/

+2.5

+1.7-/

+2.4

+5 .6

+3.3

+4.0

+1.7

+1.9

*+5.1

+2.8

+4 .8

+1.5

+5.5

+0.9

Business

+0.9

-0.5

+1.1

+2.0

+1.0

+0.4

-0.6

-0.5

+0.9

+0.9

+0.8

+1.3

+1.3

-0.9^ /

Real estate

+0.8

+1.1^

+0.8

+0.9

+1.0

+0.9

+1.0

+0.9

+1.0

+0.9

+1.1

+1.0

+1.2

+1.3

Consumer

+0.3

+0.2

+0.4

+0.6

+0.7

+0.5

+0.7

+0.6

+0.5

+0.6

+0.5

+0.4

r+0.8

+0.6

Security

-0.5

+0.7

-0.7

+0.7

+0.8

+0.1

-0.1

+0.7

+0.7

+0.4

+0.4

-0.4

+1.4

+0.1

Nonbank financial

+0.4

+0.1

+0.1

-0.1

-0.7

+0.4

+0.2

-0.5

+1.4

+0.4

+0.4

-0.6

+0.4

-0.2-/

Agriculture

+0.1

+0.2

+0.1

+0.1

+0.1

+0.1

+0.2

+0.2

+0.1

+0.1

+0.2

+0.1

+0.2

+0.2

All other

+0.5

-0.1

+0.6

+1.4

+0.4

+1.6

+0.3

+0.5

+0.5

-0.5

+1.4

-0.2

r+0.2

Total loans excluding
security

+3.0

+1.0

+3.1

+4.9

+2.5

+3.9

+1.8

+1.2

+4.4

+2.4

+4.4

+2.0

+4.1

+0.8

Total loans excluding
security and nonbank financial

+2.6

+0.9

+3.0

+5.0

+3.2

+3.5

+1.6

+1.7

+3.0

+2.0

j +4.0

+2.6

+3.7

+1.0

1/
2/
3/
4/

-0.2-/

Less than $50 million.
Adjusted to exclude domestic interbank loans.
Beginning June 30, 197.1, Farmers Home Administration insured, notes totaling approximately $700 million are included in other securitiesprevious ly they had been included in real estate loans. Changes have been adjusted to take account of this reclassification.
'
Beginning June 1972, business loans were reduced by $400 million, nonbank financial increased by $300 million, and "other" loans increased
by $100 million as the result of loan reclassifications at one large bank. Changes have been adjusted to take account of this reclassification .




t-

-

Table 6A
Changes in Loans and Investments at All Commercial Banks, Seasonally Adjusted
Adjusted for Loans Sold to Affiliates
(In billions of dollars)
1972

1971

Item
May

June

July

Aug.

Sept.

Oct.

Nov.

Dec.

Jan.

Feb.

Loans and Investments 2/

+3.7

+5.2

+2.4

+4.6

+4.3

+4.7

+2.5

+6.0

+5.8

+5.1

+7.5

U. S. Gov't, securities

-0.3

+2.4

-1.2

-0.7

-1.0

-0.8

-0.3

+1.9

-1.0

+1.3

Other securities

+1.6

+0.8^

+1.4

-0.2

+1.7

+1.6

+1.1

+2.3

+1.5

Loans It

+2.6

+2 .0—^

+2 .2

+5.4

+3.6

+3.9

+1.6

+1.8

+0.9

-0.5

+1.0

+2.0

+1.1

+0.3

-0.6

-0.7

Business

May p

June p

+1.5

+7 .8

1/

+1.2

+0.2

+0.4

i/

+1.1

+1.6

i0.1

+2.1

-0.7

* +5.3

+2.8

+4.6

+1.4

+5.3

+0.7

+1.0

+0.9

+0.9

+1.2

+1.1

-1.0*'

March p

April p

Real estate
Consumer
Security

NOT AVA ILABUE

Nonbank financial
Agriculture
' All other
Total loans excluding
security
Total loans excluding
security and nonbank financial
1/
2/
3/
4/

Less than $50 million.
Adjusted to exclude domestic interbank loans.
Beginning June 30, 1971, Farmers Home Administration insured notes totaling approximately $700 million are included in other securitiespreviously they had been included in real estate loans. Changes have been adjusted to take account of this reclassification.
Beginning June 1972, business loans were reduced by $400 million, nonbank financial increased by $300 million, and "other" loans increased
by $100 million as the result of loan reclassifications at one large bank. Changes have been adjusted to take account of this reclassification.




Table 7
Changes in Loans and Investments at All Commercial Banks, at Weekly
Reporting Banks, and at Other Banks, Not Seasonally Adjusted
Adjusted for Loans Sold
Last Wednesday of May/
Item
All commercial banks 3/
Total loans
U. S. Gov't, securities
Other securities
.Total
All Large Banks 3 / 4 /
Total loans
U. S. Gov't, securities
Other securities
Total
Other banks %_! 4/
Total loans
U. S. Gov't, securities
Other securities
Total
Item

to1 last Wed nesdav oi: J w e .
1966

1971

1970

1969

1968

1967

+8.1
+1.5.
+1.8
+11.4

+6.2
-.1.1
+1.2
+6.4

+7.4
-1.4
+ M
+6.7

+6.8
-1.7
+0.9
+6.0

+5.5
, -1.6
±&0
+5.9

+8.5$/

+4.7
-0.5
±0^4
44.7

+6.5
-0.1
+6.1

+4.9
-0.7
-0.2
+4.1

+3.5
-0.9
+0.7
+3.3

+6.0^

+3.0

+4.7-'
+ 1.1
+0.6
+6.4

+3.4
-0.5
+0.7
+3.6

+3.4
+0.4
+1.2
+5.1

+1.3
-0.7
+0.9
+1.5

+1.0
-1.3
+0.9
+0.5

+1.9
-1.0
+1.1
+1.9

+2.0
-0.7

Sti

+2.4-'

1972-/

1971

1970

1969

1968

1967

1966

1972-/
+7.2
-1.1|
+0.4
+6.6i

+3.8
-0.6

S i !

All commercial banks 3/
Total loans
U. S. Gov't, securities
Other securities
Total

+18.6
-5.0
+6.2
+19.7

+9.0
-1.5 .
+10. (r-'
+18.0

+2.6
-3.1
+4.2
+3.7

+14.5
-10.5
+1.1
+4.9

+7.9
-3.9
+2.9
+6.9

+5.6
-1.9
ihl
+11.6

+12.6^

All Large Banks 3 / 4 /
Total loans
U. S. Gov't, securities
Other securities
Total

+8.4
-3.2
+1.4
+6.6

+1.2^

+0.4
-1.6
+2.3
+1.1

+8.3
-6.3
-1.5
+0.4

+3.9
-2.9
+0.8
+1.8

+0.6
-0.7
+5.2
+5.1

+7.5^/

Other banks 3/ 4/
Total loans
U. S. Gov't, securities
Other securities
Total

+10.2
-1.9
+4.8
+13.1

+2.2
-1.5
+1.9
+2.5

+6.2
-4.1
+2.5
+4.5

+4.0
-1.0

+5.0
-1.2
+2.7 +6.4

NOTE:
1/
2/
3/
4/
5/

6/

+4.1
+7.8
+13.9

9 4

+9.42/

I I '
+5.1-/

9 i

Data exclude domestic interbank loans; Call report data for large banks used
when available .

Less than $50 million.
Based on estimated data for June 30, 1972.
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, 1971, and 1972.
Allowance has been made in monthly changes in total loans and in other
securities for approximately $700 million of Farmers Home Administration
insured notes shifted from loans to other securities on June 30, 1971;
$200 million were at weekly reporting banks and $500 million at other banks.
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 weekly
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.




Table 8
Changes in Commercial and Industrial Loans at Large Commercial Banks
(In millions of dollars)

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 other types of business
Bankers acceptances
Services 3/
Other
Foreign business concerns 3/
Classified
Unclassified
Total Change
1/
27

Late May to late June 1/
1972

1971

1970

466
-185
+92
+83
+9
-114
-29
-49
-57
+21
+88
-15
-39
+77
-23
-79
+267
+81
+148
+38
+171
-257
-222
+324
-359
+21
+70
+182
+252—

+45
+34
+143
+59
+84
+271
+50
+29
+89
+103
+94
-38
+20
+64
+31
+6
+127
-113
+73
+167
+65
+151
-185
+212
+124
-24
+989
-21
+968

+60
-65
+285
+73
+212
+498
+128
+174
+100
+96
+92
+93
+9
+120
+114
+67
+283
+85
-4
+202
+73
+131
-40
+149
+22
-8
+1752
-98
+1654

1969
+161
-117
+158
+16
+142
+297
-41
+226
+74 '
+38
+107
+50
+17
+86
+54
-1
+455
+149
+76
+230
+53
+204
+67
-3
+140
-29
+1495
+295
+1769

Late December to late June 2/
1968
+51
-49
^93
+23
+70
+604
+190
+238
+102
+74
+119
+63
+39
+117
+55
+15
+551
+167
+125
+259
+78
+381
-7
+162
+226
+3
+2120
+69
+2189

1972p

1971

1970

1969

1968

-260
-691
-500
-227
+459
+450
+394
+276
+65
+170
-376
-129
+88
+127
-159
-242
-300
-176
-5
+162
+562
+274
-171
-349
-126
+65
+332
+241
-168
-110
-206
-416
+93
+22
+4
-37
+118
+209
-29
-150
+442
+201
-187
-152
-892
-552
+722
+121
-17
+279
+223
+239
+117
-578
+1058-, +1205
+1175^' +627

-499
-292
+227
+173
+54
+728
+81
+271
+127
+249
+376
-79
-128
+237
+27
-577
-1177
-96
-250
-831
+66
-465
-203
-147
-115
-84
-1640
-374
-2014

-396
-372
+446
+244
+200
+1151
+51
+675
+107
+318
+494
+457
+249
+214
+83
+195
+166
+250
+34
-118
+361
4-1221
-198
+730
+689
-119
1-4499
+761
-H 2 6 0

-521
-497
+304
+204
+100
+1111
+571
+286
+44
+210
+527
-68
+171
+214
+72
+558
+455
+560
+102
-207
+263
+714
-392
+547
+559
-149
K3154
+208

Four most comparable weeks used throughout.
Changes are compiled from December 29, 1971; December 30, 1970; December 31, 1969; December 25, 1968; and December 2% 1967.
These data cannot be linked with all commercial bank data which are always for December 31.
.3/ Beginning June 28, 1972, commercial and industrial loans were reduced by $357 million as a result of loan reclassifications at one large bank. Of this amount, $226 million was in "other loans".



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

Real
Estate

Nonbank
Financial
Institutions

Security

All
Other

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
1
400.4
412.1
J

63.0
59.5
56.2
62.5
64.5
54.7

38.8
177.4
44.9
203.2
48.8 2/ 219.0 1/ 2/
61.5
236.8
71.5
264.4
71.3
286.1

71.4
80.6
88.4
98.4
108.4

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

7.5
8.2
'8.6 2/
9.3
9.7
10.3

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
23.3

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
104.0
104 .9
105.5
105.2
168.4
107.3
107.1
109.4
108.4
108.8
112.5

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

10.4
10.5
10.6
10.8
11.1
11.2
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

22.1
21.9
21.9
22.0
22.5
23.1
22.9
22.2
22.9
22.4
23.3
25.0

439.5
442.4 6/
447.7
450.9
453.6
464.8

12 .7
12 .4
12.2
12 .7
12.3
14.4
14.9
14.4
15.1
14.3
14.3
15.9

61.5
61.4
61.6
60.0
58.8
60.3

87.1
88.9
91.5
94.2
94.9

109.1
110.3
111.2
111.6
112 .4
114.4

72.7
73.0
73.6
74.3
75.2

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

23.9
23.9
23.4
24.5
25.7
26.7

463.0
466.1
472.0
476.5
479.9
497.9

59.3
58.7
58.7

98.2
98.1
99.9
101.5
101.6
104.7

290.9
292.1 6/
294.6
296.7
300.0
307.8
307.1
305.6
309.3
313.4
315.1
317.3
328.3

113.4
114.2
115.9
115.6
115.6
118.5

76.8
77.8
79.0

8.6
10.1
10.1
12.9

51.9
52.6
53.2
53.6
54.1
54.8

15.9
15.5
15.5

80.9
81.6

12.4
12.5
12.5
12.4
12.4
12.5

16.9

26.6
27.4
27.3
28.1
26.8
31.9

104.8
106.2
108.4
109.4
110.5
110.9

322.6
324.3
330.0
334.1
340.0
347.4

115.2
116.1
118.1
119.6
120.3
122.2,
'&/
121.8*'

82.3
82.9
83.9
85.0
86.3
87.8

11.5
11.4
12.3
12.3
13.514.0

12.6
12.8
13.0
13.3
13.7
14.0

54 .7
55.0
55.5
56.3

16.1
16.3
16.9
17.1

30.2
29.f
30.3
30.5

17.1
18.3,

31.8
32.8,
s
32.92/
-'

i
S
j
|

1971—Jan.
Feb.
Mar.
Apr.
May
June

27
24
31
28
26
30 (old)
(new)
July 28
Aug. 25
Sept. 29
Oct. 27
Nov. 24
Dec. 31

1972—Jan.
Feb.
Mar .
Apr.
May
June

:

26
23
29 p
26 p
31 p
30 p (old)
(new)

60.0

61.0
64.9

490.1
492.4
500.7
505.1
511.4
518.2

62.7
61.9
62.4
61.6

61.0

59.9

P " Preliminary.

c - Corrected

anc^December c a l l * d l t e l " ^ ^

and

"other

r 57.3
58.3

i??4

18.62'

r - Revised.
loans

" *«e

P « t l y estimated for all dates. Other data are partly estimated on all but June

y

®® 8 M""her securities 9 " 6 '

-

J®*® are^for c ^ l e r c i a / b a ^ k s ^ o n l y ^

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.
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 completed in February 1972 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 spproximately $700 million are included in other securitiespreviously they had been included in reel estate loans.
Beginning June 1972, business loans were reduced by $400 million, nonbank financial increased by $300 million, and "other" loans increased
by $100 million as the result of loan reclassifications at one large bank.

8/

'




1966

"8 ' C o n s u m e r

10.0

^ang™1118

J6/
7/

9

l0a

80.0

9.3

V

5/

Jun6

X:Iz/

60.2

»

$ 1 * 1 billion of balances accumulated for the payment of personal loans were deducted from time deposits and "all Other"
$1

billion

of

Participation certificates previously included in agricultural and "all other" loans were reclassified
a U

bank

premlaes

subsidiaries and other significant

majority-owned domestic subsidiaries; earlier

Individual loan category data are available for publication only on a June and December Call data basis

TABLE 10
<

Ratios to Total Deposits 1/

e
L O A N S
D A T E
All
commercial
banks
1959—Dec
1960—Dec.
1961—Dec.
1962—Dec.
1963--Dec .
1964--Dec.
1965—Dec .
1966—Dec.
1967—Dec.
1968—Dec.
1969—Dec.
1970—Dec.

31
31
31
28
25
31
31
31
30
31*,,
31*—
31*

M e m b e r
B a n k : s
Reserve City Banks
New York City of
City
Total
Chicago Other Country

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
67.3 (66.2) 69.9

67.3
65.9
65.0
67.9
67.4
69.3
75.9
83.5
79.9
83.5(76.3)
102 .18(86.4)
' 8775(79.6)

58.2
60.8
58.0
61.4
62.1
64.4
70.2
77.0
70.8
75.1
89.5
80.6

58.2
59.0
57.7
60.1
63.3
65.0
68.7
70.2
68.1
69.1
79.5
73.3

48.2
50.3
50.2
51.7
53.8
56.0
57.9
59.2
58.2
58.2
62.8
60.2 -•

U.S. Government
securities maturing
within one year
All Commercial
Banks
7.4
8.7
11.2
9.5
7.5
8.0
7.3
6.1
6.4
6.1
5.0
5.7'

1971—Jan. 27*
67.2 (66.2)
Feb. 24*
67.3 (66.4)
Mar. 31*
66.1 (65.6)
Apr. 2 8*
66.4 (66.1)
May 26*
66.7 (66.5)
June 30*
66.1 (65.9)
July 28*
66.8 (66.5)
Aug. 25*
66.8 (66.6)
Sept.29*
67.2 (66.8)
Oct. 27*
66.8 (66.4)
Nov. 24* ,, 67.1 (66.6)
(new) Nov. 24* — 67.6 (67.1)
Dec. 31*
65 .1 (65.6)

69.5
69.6
68.2
68.5
68.8
68.4
68.8
68.9
69.5
69.1
69.3
70.0
68.0

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)
89.0(85.8)
84.1 (83.2 )

80.9
81.3
81.4
76.9
77.5
78.7
79.3
80.5
79.4
80.1
80.7
82.9
78.1

72.5
72.3
70.5
71.5
71.8
71.4
72.2
72.2
72 .4
72.2
72.7
73.5
71.6

60.6
60.6
59.8
60.2
60.4
59.9
60.3
60.1
60.5
60.2
60.4
60.4
59.2

5.5
4.9
4.7
4.3
4.1
3.9
3.8
3.4
3.6
3.5
3.1
3.1
3.9

1972—Jan.
Feb.
Mar.
Apr.
May
June

68.7
68.8
69.0
69.2
69.5
70.7

79.9
85.6(84.0)
85.5(84.4)
81.7
85.1(83.4)
82.5
84.1(82.7)
81.9
84.7(83.2)
83.7
85.3(83.9) . 84.8

71.9
72.3
72.8
73.4
73.2
75.0

60.0
60.3
60.3
60.2
60.5
61.4

3.6
3.9
4.0
3 .6
3.8
n.a.

26*
23*
29*
26*
31*
28*

p
p
p
p

66.5
66.5
66.7
66.9
67.2
68.4

(66.3)
(66.3)
(66.4)
(66.7)
(67.0)
(68.2)

-i1
1/

Total loans (adjusted to exclude loans to banks); U.S. Government securities maturing
within one year estimated on basis of Treasury survey of ownership; and total deposits
(adjusted to exclude cash items in process of collection).
2/ Beginning June 1969, total loans are reported gross of valuation reserves rather than
net as previously reported. The higher loan level increased the ratio by about
1.3 percentage points for all commercial banks.

3/ Loan data revised to exclude only loans to domestic commercial banks. Previous
http://fraser.stlouisfed.org/
data
Federal Reserve
Bankhad
of St. also
Louis excluded loans to foreign commercial banks.

TABLE 11
Money Stock Measures and Deposit Turnover
(Seasonally adjusted; dollar amounts in billions)
M^
Currency
plus
demand
deposits—

M2
M3
M^ plus
M2 plus
Components of money stock measures and related items
time dep.
deposits
U.S. Gov't.
NonTime and
at comm.
at nondeposits
savings deposits bank thrift
Demand
other than2 , bank thrift ^ ,
1
large CD's— institutions- Currency Deposits CD s Other Total institutions (all member)
5.3
149.2
13.3 113.,3 126,,6
126.3
34.2
422.9
273,,8
4 .4
161.3
16.7 130 .1 146 .8
131.7
36.3
459.4
298 .1
3.5
167.4
15.9 142 .2 158 .1
133.4
38.3
481.3
314 .0
4
.6
183.1
.4
.6
183
162
20.8
142.7
40.4
528.8
345 .7
4.2
194.6
23.6 180 .6 204 .2
154.0
43.4
572.6
378 .0
4.9
201.5
11.0 183 .2 194 .1
588.3
46.0
157.7
386 .8

Turnover
outside
N.Y. City
(per cent)
33.5
37.4
40.1
40.6
44.8
49.2

1964--December
1965--December
1966--December
1967--December
1968-December
1969--December

160.5
168.0
171.7
183.1
197.4
203.7

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

608.4
613.9
619.1
623.9
627.1
634.0

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

206.6
208.4
209.9
211.8
213.6
215.8

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
J une
July
August
September
October
November
December

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
453.4
454.5
455.6
458.3
460.8
464.7

642.2
653.4
663.9
672 .5
681.0
687.8
693.8
697.6
701.2
706.5
711.6
718.1

49.3
49.7
50.0
50.5
50.8
51.1
51.6
51.7
51.9
52.2
52.2
52.5

166.0
168.0
169.7
170.7
173.0
174.5
175.8
176.3
175.7
175 .5
175.5
175.7

26.6
27.5
28.1
27.8
28.5
29.4
30.4
30.8
31.6
32.7
32.2
33.4

207.8
212.7
217.4
220.3
222.8
225.0
225.9
226.5
228.0
230.6
233.1
236.4

234.4
240.2
245.4
248.1
251.3
254.4
256.4
257.3
259.6
263.3
265.3
269.9

219.3
222.6
227.2
231.0
234.4
237.2
240.2
243.1
245.6
248.3
250.8
253.4

6.1
4.9
4.1
5.7
5.5
4.3
5.1
5.8
6.6
4.7
5.4
6.2

52.4
53.6
54.2
54.0
53.9
55.2

1972--January
February
March
April
May ___
June p

228.8
231.2
233.5
235.0
235.7

727.3
737.4
745.9
752.7
759.1
765.8

52.S
53.2
53.7
54.0
54.4
54.7

176.0
178.0
179.9
180.9
181.4
182.0

33,2 241.2 2 74.4
33.8 244.3 278.1
33.4 246.5 279.9
34.7 248.1 282.8
36.3 250.7 287.0
37.1 253.8 290.9

257.4
261.8
265.9

£36.6

469*9
475.5
480.1
483.0
486.4
490.5

269.7
272.6
275.4

6.3
3.7
6 .1
7.4
7.4
5.3

236.6
236.6
237.3
236.0

489.3
490.0
491.5
490.6

n.a.
n.a.
n.a.
n.a.

54.6
54.7
54.7
54.8

182.0

36.8
37.3
37.0
37.3

252.7
253.4
254.2
254.7

n.a.
n.a.
n.a.
n.a.

6.9
5.1
5.7
3.3

55.0
55.9
55.6
54.3

58.1
57.3
156.3

56.2
57.2
58.9
n.a .
n.a,

Week ending:
June

\_/

7
14
21
28

181.9

182.6
181.2

289.5
290.7
291.2
292.0

n.a.
n.a.
n.a.
n.a.

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



t
)

TABLE 12

Period

Total

Consumer- |
type time
& savings

Time and Savings Deposits
State Political
Large
ConsumerNegotiable Foreign Official
type
Savings
CD's 1/
etc.
time

(old)
(new)
(old)
(new)
(old)
(new)
(old)
(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
46,63?

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
*,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.
Dec.
Dec.

27
24
31
28
26
30
28
25
29
27
24
29 (old)
29 (new)

123,102
125,842
129,175
129,339
131,114
131,890
132,953
133,828
136,159
137,159
137,980
140,933
141,259

85,168
87,319
90,809
90,745
91,671
92,657
91,918
91,848
92,410
92,770
93,374
94,516
94,810

49,142
50,453
52,974
53,047
53,430
53,651
53,145
52,989
53,314
53,601
54,014
54,543
54,738

36,026
36,866
37,835
37,698
38,241
39,006
38,773
38,859
39,096
39,169
39,360
39,973
40,072

27,189
27,488
27,523
27,219
28,071
28,526
30,303
31,600
33,036
33,676
34,072
33,951
33,951

10,745
11,035
10,843
11,375
11,372
10,707
10,732
10,380
10,713
10,713
10,534
12,466
12,497

1972 --Jan. 26
Feb. 23
Mar. 29
Apr. 26
May
31

142,835
144,123
144,863
146,743
149,089

96,365
97,617
99,402
98,741
99,764

55,723
56,425
57,616
57,279
57,622

40,642
41,192
41,786
41,462
42,142

33,852
34,011
33,457
34,234
35,580

12,618
12,495
12,004
13,699
13,745

Week EnHing:
1972--June
7
14
21
28

149,692
149,232
149,181
149,657

99,997
99,995
100,300
100,626

57,722
57,641
57,734
57,842

42,275
42,354
42,566
42,784

36,104
35,811
35,452
35,903

13,591
13,426
13,429
13,128

1966--Dec .
Dec.
1967- -Dec.
Dec.
1968- -Dec .
Dec .
1969- -Dec .
Dec .

1/

28
28
27
27
31
31
'31
31

'

Negotiable certificates of deposit issued in denominations of $100,000 or more.




TABIE 13
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
Country

All
member

Borrowings
All
member

Total reserves
held seasonally
adjusted
All
member

Monthly Averages:
1959- December

1960- December
1961 -December
1962- -December
1963- -December
1964- -December
1965- December
1966 -December
1967- -December
1968 -December
1969 -December
1970- -December

1971—Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.
1972--Jan.
Feb.
Mar.

Apr.
May
June p

-424
669
419
268
209
168
-2

-165
107
-310
-829
-49

-91
-127
-120
-8

-18

-322
-658
-606

-295
-153
144
58
153
91
134
27
-15
86

-109
10
-50
-62

19
-14
-70
-95
-22

-130
-203
9

19
15
-90
-21
-67
-127
-110
-111

-29
-56
-71
-10

8
-5
-14
-50
-36
21

-104
-4

-449
80
20
-52

-50
-5
-70
-9
3

-473

237
583
471
394
334
315
238
140
187
70
-144

-222

161

-6

-282

178
172
150
164
92
17
-92
-58
24
45
53
132

199
140
312
131
162
198
206
207
263
165

370
328
319
148
330
453
820
804
501
360
406
107

141
9
144
82
79
95

173
124
233
136
104
180

20
33
99
109
119
94

-22
-11
21

-31
-8

-122

-103
-161

-159
-55
-180

19
-25
3
2
-39
-29

-333
-155
-154
-45
-173
-449
-437

-10

-280

2
-14
-7
-9
-5
-13
1
-3

-144
-112

-57
13
130
17
-6

-55
-30

482
756
568
572
536
411
452
392
345
455
257
272

906
87
149
304
327
243
454
557
238
765
1,086
321

18,513
18,842
19,640
19,555
2 0,156
21,149
22,245
23,348
24,771
27,249
27,977
29,132

279

29,390
29,600
29,779
29,991
30,327
30,527
30,639
30,743
31,073
30,882
30,970
31,246
31,772
31,616
32,032
32,643
32,830
33,061

201

NOTE: Aggregate reserve series has 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
http://fraser.stlouisfed.org/are included beginning October 1, 1970.
Federal Reserve Bank of St. Louis

..

TABLE 14-A
liquid Asset Holdings of Private Domes M r Nonf inane ial Investors*

(Seasonally adjusted monthly averages; amounts in billions of dollars, ratios in per cent)
Currency and deposits
Period

Time Deposits

Total
liquid
assets

Total

557.7
588.2
637.5
694.6
719.7
770.6
850.5

447.4
469.6
516.0
559.6
576.2
623.6
709.8

Currency

Demand
deposits

Commercial
banks

Thrift
institutions

125.2
136.8
156.2
174.2
177.0
198.8
232 .2

170.4
177.3
194.2
206.8
215.2
231.1
271.7

110.3
118.6
121.5
135.0
143.5
147.1
140.7

15.5
15.0
19.5
22.7
9.1
23.2
30.2

11.5
14.2
20.8
19.5
17.7

3
1965--Dec.
1966--Dec.
1967--Dec.
1968--Dec .
1969--Dec.
1970--Dec .
1971--Dec.

36.3
38.3
40.4
43.4
46.0
49.0
52.5

Other liquid assets
U.S. shortterm
Negotiable Commercial
marketable
CD's
paper
Treasury
securities
8
10

Total

7
115.5
117.3
125.2
135.2
138.1
144.7
153.4

7.1

10.2

Savings
bonds
11

38 2
43.3
39.5
46.8
62.5
53.0

49.5
50.1
51.0
51.4
51.1
51.3

39.2

53.7

1971—March
June
Sept.
Dec .

792.8
816.8
831.6
850.5

653.6
678.6
692.6
709.8

50.0
51.1
51.9
52.5

147.8
152 .8
153.5
153.4

213.0
220.7
224.0
232.2

242.9
254.1
263.1
271.7

139.2
138.2
138.9
140.7

26.2
26.7
28.1
30.2

17.2
16.4
16.1
17.7

51.8
52 .5
53.1

1972--March p
1971--April
May
June

43.9
42.7
41.7
39.2

876.6

816.8

738.3
662.5
671.5
678.6

53.7
50.5
50.8
51.1

157.4
148.8
151.2
152.8

242 .3
216.0
218.5
220.7

284.9
247.3
251.0
254.1

823.3
82 7.6
831.6
838.3
842.8
850.5

138.4
137.5
137.2
138.2

684.8
688.7
692.6
698.1
703.0
709.8

30.2
25.8
26.1
26.7

51.6
51.7
51.9
57.2
52.2
52.5

17.7
16.9
16.8
16.4

153.9
154.1
153.5
153.3
153.0
153.4

36.0
42 .8
42 .0
42.7

221.7
222.4
224.0
226.5
228.9
232.2

54.5
52.0
52.2
52.5

257.5
260.5
263 .1
266 .1
268.9
271.7

138.6
138.9
138.9
140.2
139.8
140.7

27.3
27.5
28.1
29.2
28.9
30.2

858.2
867.8
876.6
886.0
894.5
903.0

15.8
15.6
16.1
16.7
16.8
17.7

719.7
729.6
738.3
745.2
751.4
758.1

42.7
43.0
41 .7
41.0
40.6
39.2

52.8
53.2
53.7
54.0
54.4
54.7

52.7
52.9
53.1
53.3
53.5
53.7

153.8
155.6
157.4
158.4
158.7
159.0

237.2
240.2
242 .3
243.7
246.2
249.1

275.8
280.5
284.9
289.1
292.2
295.3

138.6
138.3
138.4
140.8
143.1
145.0

29.9
30.5
30.2
31.6
33.2
34.1

18.1
17.7
17.7

36.6
35.9
36.0

17.9
17.6

36.5
37.2
37.9

July
Aug.
Sept.
Oct.
Nov.
Dec .
1972--Jan.
Feb.
Mar .
Apr.

p
p
p
p

May p
June p

800.0
808.6

For description of items, and computation of ratios see Table 14-C.




17.6

53.7

53.9
54.2
54.5
54.8
55.1
55.3




TABLE 14-B

Period

Currency
and demand
deposits to
liquid assets
12

Bank
liability
to liquid
assets
13

Ratios
Time deposits
at thrift
institutions to
liquid assets
14

Liquid
assets
to GNP
15

Currency
and demand
deposits
to GNP
16

1965--Dec.
1966--Dec.
1967--Dec.
1968--Dec.
1969--Dec .
1970--Dec .
1971--Dec.

27.2
26.4
26.0
25.7
25.6
25.1
24.2

45.9
45 .7
47.2
47.8
45.0
47.6
48.9

30.6
30.1
30.5
29.8
29.9
30.0
31.9

78.3
76.8
77.2
77.1
76.5
76.5
77 .9

21.6
20.7
20.3
19.9
19.7
19.5
19.3

1971—March
June
Sept.
Dec.
1972—March

24.9
25.0
24.7
24.2
24.1

48.8
49.0
48.8
48.9
49.0

30.6
31.1
31.6
31.9
32.5

76.8
77.7
78.6
78.6
78.6

19.2
19.4
19.5
19.2
18.9

1971--April
May
June

24.9

48.8
48.9
49.0

30.9
31.0
31.1

n .a.
n .a .
n .a .

n .a.
n.a,
n.a,

July
Aug.
Sept.
Oct.
Nov.
Dec.

25.0
24.9
24.7
24.5
24.3
24.2

48.9
48.8
48.8
48.8
48.7
48.9

31.3
31.5
31.6
31.7
31.9
31.9

n .a.
n.a.
n .a .
n.a.
n.a.
n .a .

n.a.
n.a,
n .a ,
n.a,
n .a,
n.a.

24.1
24.1
24.1
24.0
23.8

49.1
49.1
49.0
49.0
49.0

32.1
32.3
32.5
32.6
32.7

n .a.
n .a .
n .a.
n.a.
n.a.

n .a.
n .a.
n .a.
n .a .
n^a.

23.7

49.0

32.7

n .a.

n .a.

1972--Jan.
Feb.
March
April
May
June

25.0
25.0




TABLE 14-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
held by domestic nonfinancia1
three columns add to
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.
Sum of columns 4, 5, and 8 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 and quarterly GNP.