The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
L.4,3 Not For Publication <t\p» BANKING AND MONETARY DEVELOPMENTS May 1976 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) Year 1/2/ Total bank credit— — 1976 1975 1974 Year 2nd half 2nd Qtr. 3rd Qtr. 4th Qtr. 1st Qtr .p Mar.p APr.iJL May.p 9.-1 4.4 4.6 5.7 4.4 4.7 5.6 7.4 5.4 5.1 -7.5 57.5 22.1 90.6 29.1 14.1 44.3 55.0 24.5 40.0 8.0 3.6 2.9 6.0 5.0 .8 -4.1 -10.0 5.9 - 11.5 -.7 2.5 -4.3 .6 4.4 4.6 1.9 .2 2/ Business loans— 17.5 -4.2 -1.2 -9.0 -3.2 .7 -17.1 -7.7 • -6.3 1.4 2/ Real estate loans— 10.4 3.2 4.3 1.2 1.5 7.0 8.9 8.8 6.9 8.6 4.3 -.7 5.0 -5.6 4.3 5.6 3.7 4.1 11.0 n.a. 2/ U.S.Govt. securities— 2/ Other Securities— 1/2/ Loans— — 2/ Consumer loans— 2.3 ... adjusted for loans sold to selected affiliates 1/2/ Total bank credit= — 9.2 4.4 4.5 5.7 4.2 4.6 5.5 7.4 5.4 5.2 Loans— 11.6 -.7 2.3 -4.3 .4 4.3 2.1 3.8 1.9 .5 9/ Business Loans— 17.4 -4.2 -1.7 -8.7 -3.3 -7.4 -17.6 -6.2 2.1 — 4.7 4.1 2.7 9.7 3.6 1.6 4.3 6.1 14.9 5.6 15.0 7.9 7.2 6.3 2.6 12.9 5.4 3.1 8.1 1.0 Time other than CD's 9.4 12.2 9.7 14.6 8.9 11.6 17.1 11,0 14.9 11.1 CD's (dollar change in billions) 26.3 -6.9 -1.2 -5.7 -5.0 3.8 -9.7 -2.2 -1.8 -3.2 Money stock Total time deposits 1/ Adjusted to exclude domestic interbank loans. 2/ Bank credit data revised to reflect seasonal factor adjustment and benchmark to the December 31, 1975 Call Report. n.a. - Not available. Table 2 Loans and Investments at All Commercial Banks * (Seasonally Adjusted) Date Total-/ 11 Loans— U.S. Gov't. Securities Other Secutities (In billions of dollars) 1972—December 31 1973—December 31 1974—December 31-5/ 558.0 633.4 690.4 378.9 449.0 500.2 62.6 54.5 50.4 116.5 129.9 139.8 19 75—October 29 November 26 December 31 716.3 722.2 721.1 495.0 498.5 496.9 76.0 76.8 79.4 145.3 146.9 144.8 723.3 726.7 731.2 734.5 737.6 497.3 497.8 499.7 500.5 500.6 81.0 84.4 145.0 144.5 143.3 144.0 144.0 1976—January February March April May 1/ 2/ 28 25 31 28 26 p p p p p Adjusted to exclude domestic commercial interbank loans. 88.2 90.0 93.0 p— 3/ 1 TABLE 3 * LOANS SOLD OUTRIGHT BY COMMERCIAL BANKS AND BANK CREDIT ADJUSTED FOR SELECTED LOAN SALES Commercial bank credit (seasonally adjusted) Loans sold outright by commercial banks N.S.A.) Sold to Sold to nonbank public 2/ Affiliates 1/ Date , Business Business Business Loans Total Loans Total Loans Total 0.4 1.6 1.7 2.8 2.0 4.5 1971—Dec. 0.3 1.8 1.7 2.6 2.0 4.4 1972—Dec. 0.3 1.8 2.6 2.9 4.3 1973—Dec^, f 6 e l n.a. n.a. 2.7 4.8 n.a. n.a. 1974— Dec 1975 July Aug. Sept. Oct. Nov. Dec. 1976 Jan. FebMar. Apr. May 30 27 24 29 26 31 28 25 31 28 26 p p pi/ p p Total loans and investments Adjusted 3/ O'riginial 488.5 485.7 560.6 558.0 633.4 637.7 690.4 695.2 Total loans Adjusted 3/ Original Business loans Adjusted 4/ Original 320.9 378.9 449.0 500.2 323.7 381.5 453.3 505.2 116.1 130.2 156.4 183.3 117.7 131.9 159.0 186.0 n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. 4.5 4.5 4.5 4.7 4.7 4.4 2.8 2.8 2.8 2.9 2.8 2.5 n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. 705.8 709.3 712.7 716.3 722.2 721.1 710.3 713.8 717.2 721.0 726.9 725.5 489.9 490.2 491.5 495.0 498.5 496.9 494.4 494.7 496.0 499.7 503.2 501.3 176.7 176.5 175.3 176.1 176.8 175.6 17,.: 179.3 178.1 179.0 179.6 178.1 n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. 4.3 4.5 2.5 2.7 n.a. n.a. n.a. n.a. 723.3 726.7 727.6 731.2 497.3 497.8 501.6 502.3 176 2 174 7 178.7 177.4 4.2 4.2 4.3 2.6 2.6 2.7 n.a. n.a. n.a. n.a. n.a. n.a. 731.2 734.5 737.6 735.4 738.7 741.9 499.7 500.5 500.6 503.9 504.7 504.9 171.0 170.1 170.3 173.6 172.7 173.0 Beginning August 28, 1974, loans sold outright to selected bank 1/ To bank holding companies, affiliates, subsidiaries, and foreign branches - b a n k 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. 5/ s e „ i a ' s i = ~ r s e d " ltb a ~ b e r "™ercl11 bink - '°d 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. , 7/ Beginning March 31, 1976, as the result of loan reclassifications in Chicago City and in tne San Francisco District, Dusniess loans weie reduced by $1.2 billion. p preliminary * Bank credit data revised to reflect seasonal factor adjustment and benchmark to the December 31, 1975 Call Report 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. 3i—/ 1975—July Aig. Sept. Oct. Nov. Dec. 30 27 24 29 26 31 1976—Jan. Feb. Mar. Apr. May 28 25 31 28 26 31 31 a p p p 3/ p p 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 11.4 176.7 176.5 175.3 176.1 176.8 175.6 131.7 131.7 132.1 132.9 133.5 134.4 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 20.4 176.2 174.7 171.0 170.1 170.3 135.2 136.4 138.2 139.0 140.0 86.7 86.9 87.2 88.0 n.a. 10.6 11.1 13.3 13.3 13.8 29.0 29.3 28.9 28.7 28.1 20.6 15.9 22.1 28.9 33.3 12.7 14.5 17.5 18.4 20.8 21.2 21.4 21.8 n.a. - not available. P " Preliminary 1/ Beginning June 30, 1974, data revised to include one large mutual savings bank which converted to a nonmember commercial bank. Real estate loans were increased by $.5 billion. 2/ 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. 3/ Beginning March 31, 1976, as a result of loan reclassifications business loans were reduced by $1.2 billion; real estate loans increased by $.8 billion; and nonbank financial by $.2 billion. Table 5 Changes in Loans and Investments at All Commercial Banks, Seasonally Adjusted (In billions of dollars) Item 1 9 7 5 April _ _ 1 9 7 6 May June July August Sept Oct Nov Dec JanP FebP March? AprilP MayP Loans and Investments 2/ +3.7 +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 U. S. Gov't, securities +4.7 +4.4 +4.1 +.8 +2.7 +1.7 -.7 +. 8 +2.6 +1.6 +3.4 . +3.8 +1.8 +3.0 +.2 +.2 +1.7 +.9 +.5 +.4 +.8 +1.6 -2.1 + .2 -.5 -1.2 +.7 1/ -1.2 -2.8 -1.4 -.9 +.3 +1.3 +3.5 +3.5 — 1.6 +.4 + .5 +1.9 +.8 + .1 Business -.3 -1.8 -2.0 1/ -.2 -1.2 +. 8 +.7 -1.2 +. 6 -1.5 -2.5 -.9 +.2 Real estate +.3 1/ +. 1 +.1 1/ +.4 +.8 + .6 . +.9 +.8 +1.2 +1.0 +.8 +1.0 Consumer —. 2 -.7 -.3 +.2 +.3 +.4 +.4 + .2 + .6 +.3 + .2 + .3 +.8 n.a. Security -1.2 +.8 +.8 -1.5 1/ -.4 +1.0 +1.4 -.4 -1.7 +. 5 +2.2 Nonbank financial -1.0 +.4 -.5 -.3 -.1 -.1 -.7 1/ —2.0 +1.0 +.3 i/ + .1 +.3 +.4 +.3 + .2 + .2 +. 3 +.2 -1.5 +.4 +.3 -.1 +1.9 +1.0 +.4 + .2 -«8 Other securities Loans 2f Agriculture All other )J 2/ p +.1 +1.1 Less than $50 million Adjusted to exclude interbank loans. preliminary . 1/ + .5 —. 6 -.2 -.6 + .2 +.4 + .2 +*4 -.4 +1.1 +. 1 n.a. i i Table 5-A Changes in Loans and Investments at All Commercial Banks, Seasonally Adjusted Adjusted for Loans Sold to Affiliates tin billions of dollars) 19 7 6 19 7 5 Item August 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 +4.1 +. 8 +2.7 +1.7 -.7 +2.6 +1.6 +3.4 +3.8 +1.8 +.2 +1.7 + .9 + .5 + .4 -1.3 -2.7 -1.4 -1.1 + .3 +1.3 -.3 -1.8 -1.9 -.1 -.2 -1.2 April May June Loans and Investments 2j +3.6 +1.9 +4.4 U. S. Gov't, securities +4.7 +4.4 +.2 Other securities Loans 2/ Business JJ 2/ p Less than $50 million Adjusted to exclude interbank loans preliminary July +. 8 +1.6 -2.1 + .2 -.5 -1.2 + .7 +3.7 +3.5 -1.9 + .3 + .7 +1.6 + .8 + .9 + .6 -1.5 +. 6 -1.3 -2.6 -.9 +. 8 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 PAdLiMNiB or nmiflrfij Last Wednesday of April to Last Wednesday of Mav Item 1970 1971 1972 1975 1973 1974 1976p All commercial banks—/ Total loans U. S. Gov't, securities Other securities Total +3.4 +0.3 -0.6 +3.1 -1.4 +1.7 1/ +0.3 +7.5 -2.3 +0.7 +5.9 +8.3 -2.1 +1.3 +7.6 +6.2 -1.3 +1.2 +6.1 +3.4 -1.3 +0.7 +2.9 +1.1 +0.3 1/ +1.4 All Large Banks Total loans U. S. Govft. securities Other securities Total +0.7 1/ -0.7 +0.1 -2.3 +1.7 -0.6 -1.3 +4.5 — 1.6 1/ +3.0 +4.1 —0.8 +0.6 +4.0 +3.0 +0.2 +0.4 +3.6 +1.5 -1.0 -0.2 +0.3 1/ -0.1 -0.3 -0.4 Other banks^-/—/ Total loans U. S. Gov't, securities Other securities Total +2.8 +0.3 +0.1 +3.1 +1.0 1/ +0.6 +1.6 +3.0 —0.8 +0.7 +3.0 +4.2 -1.3 +0.7 +3.6 +3.5 -0.8 +0.8 +3.5 +1.9 -0.3 +0.9 +2.6 +1.1 +0.4 +0.4 +1.8 Item End of December to last Wedilesdav of Mav 1976, 1975 1974 1973 1972 1971 1970 All commercial banks 2J Total loans U. S. Gov't, securities Other securities Total -7.5 +6.4 -0.9 -2.0 -19.2 +10.5 . +1.2 -7.4 +23.2 -4.2 +4.9 +23.9 +30.4 -8.7 +2.8 +24.5 +12.9 -3.7 +6.2 +15.4 +0.8 -3.0 +8.7 +6.6 -3.6 —2.1 +3.0 -2.7 All Large Banks 2/3/ Total loans U. S. Gov't, securities Other securities Total -11.1 +0.8 -1.3 -11.6 -20.6 +6.2 —2.8 -17.2 +12.3 -3.9 +0.3 +8.7 +17.4 -6.3 -0.6 +10.5 +4.9 -2.6 +1.7 +4.0 -3.5 -3.1 +4.3 -2.2 -4.3 -1.1 +1.9 -3.5 Other banks Total loans U. S. Gov't, securities Other securities Total +3.7 +5.6 +0.4 +9.6 +1.3 +4.3 +4.0 +9.7 +10.9 -0.3 +4.6 +15.2 +12.9 -2.4 +3.4 +14.0 +8.4 -1.1 +4.5 +11.8 +4.3 +0.1 +4.4 +8.9 +0.7 —0.9 +1.1 +0.8 1/ Less than $50 million. 27 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 1967-1976. 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 December to Late May 2J Late April to Late May U Business of borrower 1972 1973 1975 1974 1974 1973 1972 1975 -1334 -31 31 -110 -323 -104 -220 -205 -15 -909 -201 -303 127 —286 -172 -165 -245 -53 -1155 1765 1839 322 -185 185 -123 66 -172 1157 1290 403 74 -78 149 —66 76 -983 608 549 -81 -107 -74 36 -10 -57 -1118 2486 -256 1736 -175 -472 76 -241 -167 9 108 6 129 -80 54 -2 -95 60 -777 1348 1239 -135 -21 -201 -208 -121 113 -217 590 44 -221 -131 -53 -66 —88 -17 -133 440 -29 447 -138 -77 35 75 -18 -257 690 600 455 37 -64 45 49 114 138 239 240 -106 75 -40 12 277 43 -125 544 605 -104 -96 -73 -42 -81 12 -564 730 772 256 -50 -159 80 60 25 -328 220 253 —62 -137 -38 3 59 -53 227 -214 282 -122 121 -59 -34 -12 4 -1849 682 866 -106 149 -470 -12. 223. 2M. -288 94 199 -125 —46 -164 47 143 -153 -218 265 189 67 62 -92 65 -53 35 -1343 323 478 -48 133 -214 132 193 46 -257 496 653 259 -118 -43 228 249 53 -1031 721 1887 -50 -611 -582 389 -387 43 460 147 . -351 —648 -163 21 IS 28 -42 -1089 354 837 453 -144 -189 —66 -58 57 -402 220 1401 145 -304 -414 73 304 -279 67 386 637 202 101 -31 71 131 97 -8936 8954 10098 -612 -2492 1009 -297 71 A -155 912 1430 952 365 -212 88 -122 79 -9091 9866 11528 888 -247 1088 -2704 159 -419 Four most comparable weeks used throughout. Changes are compiled from December 29, 1971; January 3, 1973; January 2, 1974; December 31, 1974; and December 31, 1975. These data cannot be linked with all commercial bank data which are always for December 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 1/ 27 ~~ 1976p — — # • i • # • # 1976p -776 83 619 358 261 -1236 29 -549 -481 -235 460 9 -201 -80 26 619 -1523 -304 -275 -944 -925 -5569 -2031 -310 -3228 132 -8362 -394 -8756 i TABLE 8* Loans and Investments at All Commercial Banks (In billions of dollars) (Not seasonally adjusted) Date Loans and investments U.S. Gov't Other securities Total loans Business Real estate Security Farm Consumer 1966—Dec. 1967—Dec. 1968—Dec. 1969—Dec. 1970—Dec. 1971—Dec. 1972—Dec. 1973—Dec. 1974—Dec. 31 30 31 31 2/ 31 31 5/ 31 31 6/7/ 31 324.0 360.8 400.4 412.1 446.8 497.9 571.4 647.3 705.6 56 .2 62.,5 64.,5 54..7 61..1 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 70,: o i / 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 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 1975—Jan. Feb. Mar. Apr. May June July Aug. Sept. Oct. Nov. Dec. 29 26 26 30 28 30 30 27 24 29 26 31 689.1 686.8 692.5 698.1 698.3 709.3 703.9 706.1 712.5 714.6 722.4 737.0 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.,7 175. 1 176. 2 179. 0 130.,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 1976—Jan. Feb. Mar. Mar. Apr. 28 25 31 31 28 721.4 P 720.8 P p(old)jc729.6 p (new)-"729,6 84.,8 85. 4 89.,3 89. 3 90. 2 90.,5 144.0 143.6 143.5 143.5 145.2 144.6 492.6 491.9 496.9 496.9 496.7 500.0 174.,0 173. 1 172. 1 170. 9 170. 2 170. 4 135.,1 135.,7 136.,6 137..4 138,.3 139,.4 10.,4 10.,9 13..2 13.,2 12..5 13..5 20.2 20.4 20.9 20.9 21.3 21.9 May P 26 P 732.1 735.1 Nonbank financial institutions 13.3 12.5 All other 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 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 32.9 31.8 31.5 31.0 30.0 30.0 30.1 35.5 35.3 35.3 36.6 36.1 38.2 ' 36.5 36.2 37.7 38.2 39.0 42.3 86.3 85.9 86.1 86.1 87.1 n.a. 28.6 28.7 29-3 29.5 28.7 28.3 38.4 37.6 39.2 39.4 39.3 n.a. i!:Zf 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. T_/ 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". 3J 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." U 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 mideastern bank. 8/ Beginning March 31, 1976, as the result of loan reclassifications business loans were reduced by $1200 Mitlipn, r$4l ggtatS loans increased by $ 800 million; and nonbank financial by $200 million, and all other by $200 million. FRASER Digitized for TABLE 9 * ^ Ratios of Total Deposits L O A N S M e m b e r B a n k s Reserve City Banks City All of New York commercial Chicago City ' total banks - D A T E 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 59.9 61.9 65.4 67.9 65.8 66.8 (63.7 (69.8 75.7 (66.2 69.9 (65.6 68.0 (67.7 70.6 (71.8 75.3 (72.5 76.0 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 (84 *0) 87.7 (86.4) 87.4 (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 68.1 69.1 79.5 73.3 71.6 77.3 81.7 81.9 60.2 59.2 60.1 53.9 64.6 MEMBER BANK DATA NOW AVAILABLE ONLY ON CALL DATES •Jan. 29* Feb. 26* Mar. 26* Apr. 30* May 28* June 30* July 30* Aug. 27* Sept.24* Oct. 29* Nov. 26* Dec. 31*1/ 74.1 73. 7 72. 6 72. 0 71. 8 70.5 71.3 71.0 71.0 70. 5 70. 2 68. 7 (73.8] (73.5 (72.4] (71.7: (71.5: (70.3: 73.4 (71.i: (70.8: (70..?: (70.2: (69.9: (68.3: 71.5 85.0 (81.9) 93.6 78.4 62.7 84.6 (81.6) 91.5 75.4 61.5 •Jan. 28*p 69.6 (69.3: 7 (69. 4' 69, Feb. 25*p (68. 2) 6 63. Mar. 31*p Apr. 28*p 69. 4 (69. 2) 69. 7 (69.4) May 26*p * - 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/ 3/ 4/ 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. Loan data revised to exclude only loans to domestic commercial banks. Previous ^ata had also excluded loans to foreign commercial banks. Data revised to reflect adjustment to December 31, 1975 Call Report. Table 10 Money Stock Measures and Deposit Turnovers (Seasonally adjusted; dollar amounts in billions) M 3 M^ plus 2 M- plus Currency plus demand 1/ deposits^ time dep. at comm. other than*2/ large CD1 deposits at nonbank thrift institutions and credit union shares— Currency Components of money stock measures and related items Demand . Deposits CD's Time than other CD's Total Time Nonbank thrift ,, institutions— U.S. Gov't. deposits (all 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 1976-Jan. Feb. Mar. Apr. May Week ending: May 5 12 19 26 295.1 296.5 298.0 301.7 303.2 670.2 678.5 683.4 691.9 697.0 1103.7 1117.2 1127.3 1141.1 1151.0 74.2 75.1 75.7 76.7 77.3 220.8 221.5 222.3 225.0 225.9 79.2 75.4 73.2 71.4 68.2 375.2 381.9 385.4 390.2 393.8 454.4 457.3 458.5 461.6 462.0 433.7 438.9 444,3 449.3 454.1 2.6 2.6 2.5 2.5 2.3 82.9 89.6 92.5 88.4 n.a. 302.5 304.6 303.1 302.9 694.5 698.2 697.3 697.6 n.a. n.a. n.a. n.a. 77.1 77.3 77.4 77.2 225.5 227.2 225.8 225.7 69.1 68.2 67.6 68.0 391.9 393.6 394.1 394,7 461.0 461.8 461.7 462.7 n.a. n.a. n.a. n.a. 1.7 1,9 2.5 4,5 n.a. n.a. n.a. n.a. 1/ 2/ V 4/ , 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.&. banks, and (3) currency outside the Treasury, F.R. Banks and vaults of all commercial banks. 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. 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. 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 Nonfinaneial Investors (Seasonally adjusted monthly averages; amounts in billions of dollars, ratios in per cent) Other Liquid Assets Currency and Deposits Time Deposits Period Total liquid assets 1 Total 2 Currency 3 Demand deposits 4 Commercial banks 5 Thrift institutions 6 Total 7 Negotiable CD's 8 Commercial paper 9 U.S. shortterm marketable Treasury securities 10 Savings bonds 11 1970—Dec. 1971—Dec. 1972——Dec. 1973—Dec. 1974—Dec. 784.8 866.3 979.2 1092.3 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 1975—July Aug. Sept. Oct. Nov. D6c. 1251.4 1258.6 1264.4 1275.4 1291.6 1301.6 1011.1 1020.3 1027.4 1035.6 1046.7 1052.6 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 1976——Jan. Feb. Mar. Apr. May 1310.5 1320.7 1329.5 1343.7 1352.7 1063.9 1078.1 1088.1 1102.2 1112.1 74.2 75.1 75.7 76.7 77.3 189.1 190.0 190.2 192.5 193.1 367.1 374.3 378.2 383.8 387.6 433.5 438.8 444.0 449.2 454.0 246.6 242.6 241.4 241.5 240.6 69.6 66.1 64.0 62.0 58.9 41.9 42.1 42.4 43.0 44.0 67.5 66.4 66.7 67.9 68.8 67.6 68.0 68.3 68.6 69.0 NOTE: For description of items, and computation of ratios see Table 11-C. TABLE 11-B- Period Currency and demand deposits to liquid assets 12 Bank liability to liquid assets 13 Time Deposits at thrift institutions to liquid assets 14 Liquid assets to GNP 15 Currency and demand deposits to GNP 16 1970--Dec. 1971--Dec. 1972--Dec. 1973--Dec. 1974--Dec. 1975--Dec. 25.5 24.6 23.7 22.2 21.1 20.2 47.6 49.0 49.0 48.9 49.3 47.8 29.7 31.6 32.6 31.9 31.2 33.0 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 20.0 20.0 47.8 47.7 47.6 47.5 47.3 33.1 33.2 33.4 33.4 33.6 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 0 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 column 1. Column 1 to GNP. Annual averages are based on 12-month averages of column 1 and annual GNP. Quarterly averages are based on 3-month averages of column 1 and quarterly GNP. Sum of columns 3 and 4 to GNP. Annual averages are based on 12-month average of columns 3 and 4 and annual GNP. Quarterly averages are based on 3-month average of columns 3 and 4 quarterly GNP.
@FedFRASER