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FEDERAL RESERVE BANK
of KANSAS a r y
^
77
JUN 20 1962
J
BANKING AND
I N MAY 1962
Total commercial bank credit increased somewhat further in
May. Loans expanded moderately while holdings of U. S. Government
securities were reduced somewhat. The seasonally adjusted money supply
declined sharply. Time deposits at commercial banks rose further and
U. S. Government deposits increased substantially. Total reserves and
required reserves increased. Free reserves were about unchanged.
Bank credit. Total credit at commercial banks increased
$300 million in May, while in most recent years, credit had shown
little change or declined during this month. Loans increased $600
million as growth in most major loan categories was offset in part by
a large drop in security loans. Holdings of State and municipal securities were unchanged following sharp increases in other recent months.
Large redemptions of tax anticipation notes at New York City banks were
offset by a further although less rapid rise in holdings at other banks.
Holdings of U. S. Government securities declined $300 million. Changes
within Government portfolios in mid-May reflected the acquisition of new
one-year certificates, 3 yea.r-9 month notes, and 9 year-6 month bonds in
exchange for maturing certificates, notes, and bonds.
At weekly reporting banks in leading cities credit growth was
larger than in May of most other recent years, but at banks not reporting
weekly it was smaller than usual. Loan growth at nonreporting banks was
moderate and holdings of Governments declined more than usual.
So far this year, total credit at all commercial banks has
increased $600 million whereas during these months in other years it
has often declined. At banks in leading cities, credit has declined
less than usual and at other banks it has increased more than usual,
although slowing up slightly in recent weeks. Growth in loans at nonweekly reporting banks and net loan repayments at reporting city banks
were moderate. Unusually large increases in holdings of State and
municipal securities offset reductions in holdings of U. S. Government
securities.
Business loans at all commercial banks increased $200 million
in May. Generally, changes in these loans have also been small in this
month of other years. So far in 1962, business loans have declined
$300 million, considerably less than last year, but in most other recent
years these loans had increased.
Loans to the construction and "other manufacturing" groups
continued to rise substantially in May. Net repayments by metals concerns and public utilities continued but were smaller than in April.
Reductions in loans by food processors and commodity dealers were
about seasonal. Loans to textile manufacturers showed little further
change as is usual, and loans to trade concerns also were unchanged,
whereas normally they rise in this month.
Not for publication
-
2
-
Security loans declined $600 million in May, a larger reduction
than usual for this month. About two-thirds of the decline was in loans
to Government security dealers. These loans had increased at the time of
the Treasury refunding in early May but subsequently declined sharply.
Loans for purchasing and carrying other securities also declined following
a rise early in May.
Real estate loans continued to increase substantially in May.
So far this year, the $1.2 billion rise has been comparable with growth
in 1959 and 1955 and much larger than in any other year. Consumer loans,
following an upturn in March and an appreciable rise in April, increased
substantially further in May. Growth over the year to date, however,
has been relatively moderate.
"Other loans" increased $300 million in May as a result of
bank purchases of Export-Import Bank participation certificates. On
May 1, the Eximbank sold $300 million of its 4-1/4 per cent guaranteed
certificates to commercial banks. These certificates are repayable in
20 semi-annual instalments beginning November 1, 1962, and are subject
to repurchase by the Eximbank on or after November 1, 1964, at its
option or at the option of the holder.
Money supply. The daily average money supply, seasonally
adjusted, declined $1.4 billion between the second half of April and
the second half of May following growth of over $2 billion in the previous
two months. In late May the money supply was somewhat below the year-end
level and about 2 per cent above the year-ago level.
Average U. S. Government deposits increased almost $4 billion
between the second half of April and the second half of May. Both the
increase for the month and the outstanding level in late May of $7.7
billion were unusually high.
Time deposits at all commercial banks, seasonally adjusted,
increased $1.2 billion further in May. This was somewhat below the
rapid rate of expansion early in the year but above the rise in April,
when there had been some slackening. Negotiable time certificates of
deposit, which had declined at banks in New York and Chicago in April
and early May, subsequently rose substantially again. Growth in savings deposits accounted for a smaller proportion of the increase in May
than in the early months of the year.
Deposit turnover. The seasonally adjusted annual rate of
demand deposit turnover at banks in 343 centers outside New York
dropped slightly to 31.6 in May (preliminary) from the recent record
31.8 in April. So far this year, turnover has averaged about 8 per
cent above the corresponding months last year.
Not for publication
Bank reserves• Total reserves and required reserves of
member banks increased in May. Excess reserves at $495 million and
borrowings at $65 million were about unchanged from April. Free
reserves declined slightly at central reserve city banks in New York
and at country banks in May but rose slightly at other banks. The
effective rate on Federal funds was lower in May than in the two
previous months, an average 2.4 per cent compared with about 2.8 per
cent in March and April. The rate dropped further in early June.
During May on a daily average basis, reserves were absorbed
principally through further gold outflow and an increase in currency
in circulation. Treasury and other deposits at the Reserve Banks also
increased. Reserves were supplied principally through an increase of
$360 million in Federal Reserve holdings of U. S. Government securities.
Banking Section,
Division of Research and Statistics,
Board of Governors of the Federal Reserve System.
June 15, 1962.
Not for publication
L.I*.3
Table 1
Estimated Changes in Loans and Investments at All Commercial Banks
(In billions of dollars)
Item
Last Wednesday of April to last Wednes* ay of May
T 9 5 T I lyoi
Total loans (less interbank)
+0.6
business (excluding nonbankfinancial
or sales finance companies) 2/
+0.2
Nonbank financial
+0.1
Sales finance companies
(Business (including nonbank financial or sales finance companies))
Z/+0.3
Real estate
+0.4
Security
-0.6
Agricultural
-0.1
Consumer
+0.3
All other 2/
+0.3
V
U. S. Government securities
Other securities
Total (less bank)
Item
Total loans (less inteztank)
Business Xexcluaiiig nonbank financial
or sales finance companies) 2/
Nonbank financial
Sales finance companies
(Business (including nonbank financial or sales finance companies))
Real estate
Security
Agricultural
Consumer
All other 2/
j lybd
I 1959
"TOT
6/+1.1
+1.2
+0.2
-0.1
+0.8
+0.1
%
+0.2
y
3/
—0.2
-0.1
+0*2
+0.8
+0.3
V+o.i
5/+0.5
+0^3
+0.2
I
-o.it
7/+0.1
+0.1
-0.1
-0.2
-0.3
+0.8
-1.0
1/
+0.1
-0.1
+0.1
+0.3
" W
6/+2.0
V
+0.1
1/
Last Wednesday of April to last Wednesday of May
E g
m i
3 M
H I
3 H E
3 S
+0.8
+1.0
+0.1
M.2
+0.1
+0.1
+0.2
-0.1
+0.2
+0.2
-0.2
%
—0*3
n.a.
3/
n.a.
-0.2
+0.1
-0.3
-0.1
+0.5
+0.1
+0.2
—0.1
V
—0.5
+0.1
+0.1
+5.2
+0.1
+0.1
U. S. Government securities
—0.9
-0.6
+1.2
-0#6
+0.2
-O.ii
Other securities
-0.2
-0.3
+0.1
i/
+0.1
—0.1
-0.3
+0.1
+1.2
-0.7
+0.7
-0.2
Total (lass b
, was than *50 million, n.a.—Not available.
Data a*e on revised basis
eginning June 1959 and exclude loans to nonbankJfinancial
institutions. For previous
L
years, loans to sales finance companies at weekly reporting banks have been shown
separately, to provide roughly comparable changes in business loans on revised basis.
¥.
3/ Included in business and "all other." h/ Included with nonbank financial. $/
Includes about $100 million repayments on Sears transaction. 6/ Increase of $200
million due to reclassification of foreign interbank loans into "other loans." 7/
Not strictly comparable with previous data since all nonbank financial are inducted
rather than sales finance only.
- 5—
L.U.3
Table 1
Estimated Changes in Loans and Investments at All Commercial Banks
(In billions of dollars)
Item
End of December to last Wednesday of May
"l9&2
T95T
W
1 A
U S
n m
Total loans (less interbank)
+0.6
Business (excluding noribariF"financial
or sales finance companies)
-0.3
Nonbank financial
-0.7
Sales finance companies
(Business (including nonbank financial or sales finance companies))
Z-1.0
Real estate
+1,2
Security
—1 o 1
Agricultural
• +0 4 4
Consumer
+0.6
All other 2/
+0.5
—0»9
U. S* Government securities
-2.3
Other securities
V
Total (less bank)
Item
Total loans (less interbank)
Business (excluding nonbank financial
or sales finance companies) 2/
Nonbank financial
~"
Sales finance companies
(Business (including nonbank financial or sales finance companies))
Real estate
Security
Agricultural
Consumer
All other 2/
+0.9
—0.8
-1.1
+3.0
-1.9
+0.3
+1.0
-1*5
3/
-0.9
+0.1
+1.0
-2.it
+o.U
+0.2
V
7/+0.7
-0.3
+0.3
+o.5
~ +0.2
-1.2
+1.3
—0.6
-0.1
+0.2
1/
-0.5
+0.1
+1.2
+0.3
-0.2
-0.1
+0.6
+0.5
-3.8
—3*8
+ho9
-i«5
+2.3
+1.0
-0.7
+0.2
+1.5
+0.5
+0,6
+0.7
—3.6
—0 .5
+li.5
-0,7
+0.2
+0.3
+0.9
+0.3
-0.2
V
End of December to last Wednesday o f Ma
TO*
ffer
2 E
Z E E
TOT
-1.2
+2.7
+2.0
+0.6
+QoU
+1.9
-0.2
n.a.
3/
n.a.
+1.6
3/
—Ooii
—0.2
-&i
-0.7
3/
-0.3
+1.6
-1.2
-0.3
-1.0
-0.1
-0.5
+0.5
+0.8
-0.5
-o.i
+0.7
+0.3
+0.2
+0.14
-9^3
V
-0.2
+1.1
+0.1
+0.3
+0.1
+6iii
+0*5
-0.5
+0.1
1/
+0.1
<5.3
U. S, Government securities
-h.3
—I4.0O
-0.1
—5.0
—0.8
—3.9
Other securities
-0.3
+0.1
+0.6
+0.3
+0.5
+0.1
-1.9
Total (less bank
-1,2
+0.1
-0.7
-1.9
-L*3
1/ Less than 550 million,
n.a.—Not availablei 2/ Data are on revised basis
h
beginning June 1959 and exclude loans to nonbank financial institutions. For previous
years# loans to sales finance companies at weekly reporting banks have been shown
separately to provide roughly comparable changes in business loans on revised basis.
3/ Included in business and "all other," h/ Included with nonbank financial* 5/
As a result of bank structure changes in January and April 1959 total credit increased over $600 million; total loans $lt00 million; U. S. Government securities $200
million; and other securities #100 million. 6/ Includes about #600 million net
Digitized increase
for FRASER due to Sears transaction, j/ Not strictly comparable with previous data
http://fraser.stlouisfed.org/
since all nonbank financial are included rather than sales finance only.
Federal Reserve Bank of St. Louis
L.U.3
Table 2
Changes in $een» and Imreatments at Weekly Reporting
Meatier Banks and Sanrei:
btHIoni ef
Last Wednesday of April to last Wednesday of May
Item
Weekly reporting banks
1962
1961
+0.2
+0.2
—0.1
+0.2
3/+0.2
~ +1.1
™0#1
+0.4
-0.5
+0.1
+0.1
•0.9
-0.3
+0.2
i960
1959
1958
1957
1/
Total loans
U. S. Government securities
Other securities
Total loans and investments
+0.1
—0.2
-0.2
+0.7
—0.6
-0.1
-0.9
+0e5>
-0.3
-0.1
-0.1
+0.1
-0.5
40.5
—O.it
+0.3
-0.2
+0.1
+0.5
-0.3
40.2
=53
Sonreswtdjag banks 1/
Total loans
U. S. Government securities
Other securities
Total loans and investments
Last Wednesday of April to last Wednesday of May
Item
1956
Weekly reporting banks
^ 3
1955
195b
1953
1952
1951
1/
Total loans
U. S. Government securities
Other securities
Total loans and investments
+0.3
—0*6
-0.3
+0.1*
-0.7
-0.3
-0.2
-0.5
=53
+0.1
+0.9
2/
+ 0
+0.6
+0.1
-0.2
+0.3
+0.1
+0.1
-0.1
+0.1
+0.3
+0.2
-0.1
—O.li
-0.1
+0.1
-0.1
-0.1
40.3
+o3
Nonreporting banks 1/
Total loans
U. S. Government
Other securities
Total loans and investments
+0.5
-0.3
+0.1
133
+0.6
753
£
+0.3
^Beginning 1959 changes are on revised basis. Changes may not correspond exactly with
published data for weekly reporting banks because loans to foreign banks have been
excluded from this tabulation.
2/ Less than $50 million.
3 / Credit expansion overstated by $200 million due to reclassification of foreign interbank loans into "other loans."
Not for publication
Table 2
L.U.3
Changes in $eens aad Investments at Weekly Reporting
Msriaer^ag&t and Nonre]
b tlrions of
Last Wednesday of December to last Wednesday of May
Item
V
Weekly reporting banks
1962
h/ 1961
y
i960
1959
+1.0
-3.ii
+0.1
—2.6
+lu7
+1.0
+37T
-1.0
—0.8
+0.1
3/+2.0
3/-0.1
S/+0.1
JFUf
+0.7
+1.3
-0.7
+o.l
+!Ho
1958
1957
1/
Total loans
U. S. Government securities
* Other securities
Total loans and investments
-0.8
-2.0
+1.6
-1.2
—1.8
+0.8
+0.7
-0.7
—1.9
-O.I4.
+1.4
-0.3
+0.7
+1.8
+0.9
—0.3
40.3
TC5
+1.6
-1.9
-0.3
Nom^gqrting banks 1/
'
)
Total loans
U, S. Government securities
Other securities
Total loans and Investments
+0.5
Last Wednesday of December to last Wednesday of May
Item
1956
Weekly reporting banks
0.2
1955
195li
1953
1952
1951
1/
Total loans
* U. S. Government securities
Other securities
Total loans and investments
>1.5
-3.2
—0.3
+1.3
—3.6
+0.1
—1.8
+0.2
+0.6
+1.2
-1.1
+1.1
—O.li
+0.3
+X7U
+0.6
-0.3
2/
-0.5
+0.8
-3.2
2/
+0.6
-0.3
+0.1
+TO
+1.1
-0.7
+0.1
+03
-0.2
-Ii®2
+0.1
^ 3
+0.1t
-0.3
Nonreporting banks 1/
* Total loans
U. S. Government
Other securities
Total loans and investments
753
+0.9
—0.8
+0.2
I T
qp-/Beginning 1959 changes are on revised basis* Changes may not correspond exactly with
published data for weekly reporting banks because loans to foreign banks have been
excluded from this tabulation*
2/ Less than $50 million.
3/ As a result of bank structure changes in January and April 1959, total "credit increased
over $600 million; total loans, $2|00 million; Gov't securities, $200 million.
4^/ Call report data for December 31, 1959, December 31, I960, and December 30, 1961
have been used.
NOTE—Prior to 1958, December 31 Call Report data for weekly reporting banks are not
available and therefore weekly reporting data are not on the same basis as allcommercial bank data. Consequently, the nonreporting bank data, which are residual
items, are neither strictly accurate nor comparable with later data.
Not for publication
I
L.U.3
-
8 -
Table 3
Changes in Commercial and Industrial Loans 1/ 2/
(In millions of dollars)
~ ""
Business 01 Borrower
1962
1961
I960
1959
1958
1957
1956
1955
Food processors
Commodity dealers
Trade concerns
Total
- 39
-102
- 2
-143
- 73
-10li
* 1*6.
- 20
- 78
+ 82
-'38
- 93
+ 61
Z-75
-132
+ 11
- 12
^131
- 96
-137
+ 10
-=m
- 81
-107
+ 20
ZT5B
-112
—1*7
+ 53
TRS#
Sales finance
n.a.
n.a.
n.a.
+ 15
-137
-176.
-101
+ 85
Metals and products
Textiles, apparel
and leather
Petroleum, coal etc.
Other manufacturing
and mining
Public utilities
Construction
All other types of
business
- 50
- 65
+120
+132
- 83
+ 98
+ 53
+
1
+ 9
- 51*
*
7
• 33
- 39
- 28
-125
- 35
+ 7
+ 38
- 7
+ 2#
+ 1
+133
-104
+ 91
+ 19
—106
+ 62
+ 52
- 59
+ 15
+ 1*1*
+ 1*7
+ U5
+ 21*
- 66
+ 27
- 6
+ 61
- 1
+ 32
— 14*
+ 33
+ 72
- 18
+ 1*5
+ 73
+ 79
+ 11
+103
+ 52
+ 68
+ 51
9
+ 50
Classified
Unclassified
- 3
+ 79
+163
-281i
+ 9 1+66
+279
+102
-1*1*1
- 32
-261*
- 3
- 62
+ 5
+208
-117
Total change
+ 76
-275
+229
+381
-1*73
-267
- 57 1/ *
Total change excluding
sales finance
+ 76
-275
+229
+366
-336
- 91
+ a 5/ +
-
-
1/ Prior to week ending January 11, 1956, includes changes in agricultural loans•
Jy At weekly reporting banks.
3/ For 1962, dates are April, 25-May 30. Comparable five week periods have been used
throughout. Therefore, these data may be on a different time basis from those
shown on Table 1.
h/ Not included in business loans on revised basis.
3/ Includes CCC certificates of interest which are estimated to have declined $166
million.
Not for publication
1*
6
Table k
Demand Deposits, Currency* and Belated Items
(Averages of dally figures. In billions of dollars)
Money
Period
1954—Dec.
1955—Dec.
1956—Dec.
1957—Dec.
* 1958—Dec,
1959—Dec.
1960—Dec e
;
(2)
(2)
(2)
(2)
(2)
1961—-Mar»
^
Apr,
May
June
*
July
Aug.
Sept.
*
Oct.
Nov.
Apr.
May
27.8
28.3
28.3
104*6
106.9
108,3
107.2
112.3
48.7
50.1
72.8
140.9
141.5
140.5
28,
28,
29.0
111.5
1.41.1
29.0
112.1
112.6
52.0
57.3
65.3
67.2
75.7
(2)
(2)
114.9
ll2.li
11*1.9
28.9
28.9
29.0
113.0
113.5
112.9
(1)
1142.1
29.0
29.0
113.1
112.9
80.1
113.6
80.8
81.2
(D
(2)
(1)
(2)
(1)
(2)
(2)
(1)
1962—Jan.
Mar.
27.4
134.7
136.6
135.5
T
S
e
^
132.0
Related deposits—all commercial banks
Without seasonal adjustment"
Gross
II. S. Govt, demand
time
142.0
B)
Dec*
Feb.
Total
usted
Demand
rencyj deposits
(2)
(1)
(2)
(2)
(1)
(2)
141.8
29.0
29.0
29.0
142.0 29.0
1112.2
141.9
141.9
lltloS
142.7
143.3
143.1
144.2
144.5
143.7
144.4
145.5
144.9
144.3
144.7
144.0
144.6
144.8
i^:|
146.0
144.7
29.0
29.0
29.2
29.2
29.4
29.3
29.4
29.5
29.4
29.6
29.6
29.6
29.7
29.8
29.9
30.0
50,0
30.0
29.9
113.0
112.8
113.2
113.0
112.8
112.8
114.1
113.8
ll4of
.115.1
U4.2
114.9
115.9
115.4
114.8
115.1
114.3
114.8
114.9
U aO
ii4.8
76.1
76.7
77.1
77.8
78.3
78.8
79.2
79.7
80.5
81.5
81.9
82.1
82.2
81.9
82.1
82.4
83.4
84.5
85.5
86.2
87.3
88,,1
§9,,0
89 <.3
,8
90.5
4,
3.
3,
3,
4.0
5.
4.6
4.9
3.4
2.3
3.9
5.3
3.3
5.8
4.8
3.9
5.1
5.8
4.5
5.9
6.9
6.1
5,3
6.3
4.3
5.5
4.4
3.4
4.3
5.2
4.2
6.0
to
6.2.
7-7
NOTE'S Demand deposits are those other than domestic commercial interbank and U. S.
Governmentj less cash items reported as in process of collection and Federal
Reserve float. Currency is that outside the Treasury* the Federal Reserve^
and the vaults of all commercial banks.
Digitized
FRASER
@Not forfor
publication
fable 5
Negotiable Time Certificates of Deposit as
Reported by Selected Large Banks in
New York and Chicago 1/
(Jh millions of dollars)
Date 2/
1961:
April
May
June
July
Aug*
163
26
31
28
26
632
792
999
2
1,00U
9
16
23
3©
Sept,
New York
1,009
1,027
1,036
1,052
6
13
20
27
Oct.
Nov.
k
11
18
25
1
8
15
22
29
Dec*
6
13
20
27
1,061
1,097
1,079
1,073
1,139
1,150
1,11*6
1,160
Bate 2/
w r ~
Jan.
3
II # 21*
10
n*a*
17
n«a*
2h
n * a#
31
n * a*
Feb.
7
n$a*
l
l
i
n*a*
21
n.a.
28
n*a*
Chicago
n*a*
n.a*
n*a*
n*a*
256
255
268
267
April
2U8
May
1,1U9
1,15U
1,152
1,163
1,166
218
259
26k
262
1,11+2
1,09k
1,01+3
267
258
250
1,00U
March
New York
960
Chicago
216
952
978
1,017
2li3
252
267
270
1,102
1,197
289
296
307
317
7
1,213
326
28
1,253
1,289
336
37k
1,23b
1,223
1,255
132
li50
kh2
k2 9
16
1,240
1,291
1,347
23
30
1,395
421
422
42?
435
453
1U
21
k
11
18
25
2
9
1,052
1,113
1,1U1
l,2ltU
1,252
1,380
326
25U
1? Reported by 9 banks in New York and 5 banks in Chicago; prior to September 8, 1961,
10 banks in New York reported but on that date 2 reporting banks merged#
w
2/ Data first reported as of April 19, 1961, for banks in New York and October k,
~
1961, for banks in Chicago.
n.a* - Not available.
Not for publication
L.H.3
— . "1 *1 • —
Table 6
Ratios to Total Deposits
U.S. Govt, securities maturing
within one year 1/
L 0 A.M S
Date
1916:
191*7$
• 191(8
191*9
1950
1951
1952
1953
#1951
1955
1956
1957
1958
1959
•i960
Dec#
Dec*
Dec.
Dec.
Dec*
Dec.
Dec.
Dec*
Dec.
Dec*
Dec*
Dec*
Dec.
Dec.
Dec.
All com—
mercial
banks
Total
31
31
31
31
31
31
31
31
31
31
31
31
31
31
31
23.3
27.7
31,2
31.1
35.8
37.2
39.3
1*0.5
1*0.3
1*5.8
1961: Jan. 25
Mar.
1
55.8
56*8
57.2
56.9
56.9
9
1962:
'
1*9.7
1*8.1*
51*.0
55.1
Mar.
Apr*
May
June
26
31
30
51*.5
55.5
55.8
55.6
55.8
55.7
July
Aug.
Sept.
Oct.
Nov*
Dec.
26
31
27
25
29
30
29
Jan. 31p
Feb. 28p
Mar. 28p
Apr. 25p
May
y
1*8.8
30p
23.7
28.2
31.3
30.9
36.1
37.6
39.9
1*1.1
1*0.7
1*6.7
50.1
51.0
1*9.1*
55.6
56.5
Member banks
Central reserve city keserve
"Mew York
Chicago
city
27.7
31.0
35.9
31**9
1*2.5
1*6.3
50.6
50.6
1*6.8
27.3
30.3
30.1*
25.6
32.3
36.2
38.9
39.1
38.3
1*6*3
52.7
55.2
1*9.1*
56.7
61.7
61.9
57.7
67.3
65.9
58.2
60.8
62.7
58.8
65.8
65.0
62.0
26.0
31.1
33.1
32.1*
38.1
39.1*
1*1*1
1*2.2
50.1
50.5
56.6
61*.o
58*3
57.1
51*. 8
55.1
5 W
51*.3
51*.7
51*.5
55.7
56.1
55.7
55.3
55.7
55.7
62.0
51*.8
58.0
51*#1
51*.9
55.1*
55.1*
55.7
55.3
56.0
56.5
56.5
56.8
63.6
62.9
63.5
65*0
63.0
61*.7
65.8
65.1*
64.4
58.6
58.0
57*9
57.7
58.3
57.7
56.8
58.8
57.7
58.0
59.2
58.3
57,3
36.1
58.8
62.1
57.1
56.6
57.9
57.7
18.9
23.1*
27.1
28.5
31.5
32.1
33.9
37.1
1*0.7
65.3
65.1*
62.8
Country
1*1.9
1*8.5
52.7
53.3
51.3
58.2
59.0
59.7
60.2
59.5
59.3
58.9
61*. 7
AIT
Hi
59.1
1*2.6
1*1*. 1
l*l*.l*
1*8.2
50.3
51.0
51.0
51.1*
51.8
51.1
51.1
50.7
50.2
50.5
50.2
50.1
50.8
51*2
51.3
51.8
commercial
banks
I
11**3
llt.O
ll*.2
19.2
15.2
9.8
11.7
16.9
10.0
5.1
7.5
8.1*
8.3
6.7
8.1
8.5
8.9
8.1
9.3
9.8
10.8
12.2
11.1*
11.8
11*1*
10.1*
10.6
10.9
r 11.7
10.6
10.9
n.a 0
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
w
(adjusted to exclude cash items in process of collection).
2/ Prior to 1951, data are on call basis and beginning in 1951, they are on maturity
-asis. On a call basis, data for 1951 and 1952 are 21.5 and 19.1 respectively.
NOTE: Comparability of figures affected by changes in Federal Reserve membership, mergers,
etc; by changes in the reserve classification of cities or individual banks, and by
changes in items.
Digitized
FRASER
% - for
Preliminary,
n.a. - Not available.
http://fraser.stlouisfed.org/
Not Reserve
for publication
Federal
Bank of St. Louis
L.lt.3
- 12
Table 7
Free Reserves and Total Reserves Held
(Baaed on averages of daily figureaj in millions of dollars)
Total reserves
held seasonally
adjusted 1/
ientral reserve city Reserve
AIT
Country
clt
member Wew York
dhicagt
menfcer
Free reserves
(excess reserves minus borrowings)
Date
Monthly averages;
r
1959! Dec.
1960s Dec*
- hi
-lt2it
669
1961: Mar.
Apr.
May
June
U76
562
h$3
$k9
1962s
- 80
-109
10
• 22
ho
530
*37
553
Wil
509
Jan.
Feb.
Mar,
Apr.
May
536
li3lt
379
440
433
• 21&
50
10
465
12
395
412
422
483
517
36
14
10
20
82
Weekly averages 1
%962: Apr. 25
May
2
9
16
23
30
1
9
60
July
Aug.
Sept.
Oct.
Nov.
Dec.
h2h
- 32
-101*
- k
7
7
2
12
lit
• 50
ill
11
•
k
5
5
1
2
2k
13
22
-197
-Mt9
80
268
237
583
I8,lt9lt
18,540
18,887
35
39
18
66
431
167
&5l
138
18,979
18,989
19,099
56
a
56
8
13
21*
467
m
k99
hh6
h9k
it 71
19,018
19,025
19,242
19,111
19,61*0
19,792
19,701
2
3
17
20
3
15
9
36
39k
401
384
19,812
19,789
19,76k
19,822
19,955
12
463
n*ao
15
354
379
413
437
6
11
3
9
8
31
22
16
8
19
86
h76
hoh
320
n*a.
HeBo
n.a*
n.a.
n*a.
"5??? , D ® t ^ f °£ "ff a r e Preliminary. 1/ Series revised; revised data first
published in "Banking and Monetary Developments* for August, 1961. Revised
seasonal factors and back data may be obtained from Banking Section, p P i^lxsixriEry •
Not for publication
L.4.3
Table 8
Liquid Assets Held by the Public — Seasonally Adjusted Series
(Amounts in billions of dollars; ratios expressed as percentages)
End of
year or
month
Total
liquid
assets
(2+3+8)
JL
1952
1953
1954
1955
1956
1957
1958
1959
I960
1961
Mar*
Apr*
May
June
July
Aug*
Sept*
Oct*
Nov*
Dec.
1962 s
Jan.
Feb.
Mar.
Apr*
Mav
296.2
308*3
318.0
330.3
339.9
351.7
368.9
388.7
396.0
Demand
Ratio:
Ratio:
Personal-type savings
Commercial Commercial
deposits
Total
Total
U. S. Govt
adjusted personal- Time deposits
Savings U. S. securities bank demand bank deposits
liquid
and time detype
adjusted 1/
and
Govt,
and
maturing
+ currency to assets to
posits adj.
currency savings Commer- Mutual
loan
savings within one
total liquid
gross
and currency
outside (4+5+6+7)
cial savings
shares bonds
assets
year 5/
national
(2 + 4)
banks banks 2/
banks 1/
(9 + 1)
product 6;
3/
4/
2
6
8
3
4
5
10
11
7
9
40.6
43.6
46.8
48.5
50.7
56.4
63.4
66.2
71.7
25.2
26.7
28.5
30.0
31.6
33.0
35.1
35.9
37.1
19.2
22.8
27.2
32.0
37.0
41.7
47.7
54.3
61.8
55.6
55.5
55.6
55.9
54.8
51.7
50.5
48.0
47.1
31.5
33.1
29.9
30.4
31.3
" 35.3
33.4
44.1
39.1
164.7
170.2
176.8
182.0
185.2
190.0
202.2
206*4
210*9
55.6
55*2
55*6
55,1
54.5
54.0
54.8
53.1
53.3
82*2
85.1
85.3
80.7
78.8
79*3
79*4
79*5
78*1
403*9
140*4
406*8
i4i*5
408.1 7/140.8
413*2 ~ 1U0.9
414*4
Ull.5
414.4
l4l*3
141.9
417*2
120.9
llt3.8
tt20.6
143.4
424.6
144.8
222.7
74*1
224.0
74*8
227.5 7/77.4
229.6
78.4
231.1
79*0
232*7
79.8
80.6
234.6
236.3
81*4
238.4
82.5
239.6
82.4
37*5
37*6
37.7
38*1
38*3
38*3
38.6
38.7
38.9
39.1
63*9
64.5
65.2
65.9
66.5
67.3
68*0
68.9
69.7
70.5
47.2
47.1
47.2
47*2
47.3
47*3
47.4
47.3
47.3
47.6
4o.8
41.3
39.8
42*7
41.8
40.4
40.7
40.8
38.8
40.2
214.5
216.3
218*2
219*3
220*5
221.1
222*5
225*2
225.9
227.2
53.1
53.2
53.5
53.1
53.2
53.4
53.3
53.5
53.7
53.5
79.8
425.7
k30.6
435.3
242.8
244.9
247.4
84.8
86.2
87,6
88.3
39.2
39.4
39.6
39.8
71*2
71.8
72.7
47.6
47.5
47.5
39,2
41.3
228.5
230.6
231.6
234.0
53.7
53.6
53.2
89.5
39.9
438.8
n.a.
124.1
126.6
130.0
133.5
134*5
133.6
138.8
1U0.2
139*2
143.7
144.4
144.0
145.7
143.4
140,6
148.6
158.1
166.4
174.1
182.8
196.7
204.4
217.7
248.8
n.a,
73.3
11 a d. e
47.4
n.a„ ,
43 »9
44.3
n.a,
232.9
53.3
n.a.
79*1
78.9
77.6
78.3
p
3/
2f
2/
h/
5/
6/
7/
Preliminary#
Data for demand and time deposits adjusted and currency outside banks are as of last
Wednesday of month, except that time deposits are as of June 30 and December 31 when
call data for these dates were available. Demand deposits adjusted are total demand
deposits less interbank and U# 8, Government demand deposits and cash items reported
as in process of collection* Time deposits adjusted are total time deposits less interbank and U* S. Government time deposits*
Includes savings deposits in the Postal Savings System*
Prior to 1955 data are Board estimates based on monthly figures of inflow of new savings and withdrawals of savings capital compiled by the Federal Home Loan Bank Board*
Includes all types of savings bonds held by investors other than banks and U* S*
Government agencies and trust funds*
Beginning May 1953 includes all marketable securities maturing within one year (adjusted to include partially tax exempt securities 12 months prior to first call date)
and, prior to 1956, nonmarketable Treasury savings notes with maturities up to 2k
months5 figures include holdings of insurance companies, brokers and dealers, State
and local governments, nonbank corporations, corporate pension funds, non-profit institutions, foreign accounts, and individuals| prior to May 1953 includes securities
callable within one year*
Gross national product estimates are available quarterly and annually only* For 195058 ratios are for last quarter of year; for 1959 and I960, for each quarter of year*
Data for total liquid assets used in computing these ratios are quarterly average for
four datess each month of the current quarter and the last month of the preceding
quarter*
Demand deposits adjusted (before seasonal adjustment) was increased by $lt00 million and
time deposits adjusted (before seasonal adjustment) was increased by $1*5 billion due
to the reclassification of deposits of foreign official institutions which formerly
were grouped with interbank deposits and excluded from demand and time deposits adjusted*
Hot for publication
Table 9
Loans and Investments at All Commercial Banks
(in billions of dollars)
±9$h°
1955s
1956s
1957?
1958:
1959s
1960s
196ls
1962:
Dec*
Dec,
Dec,
Dec*
Dec.
June
June
Dec.
Dec.
31
31
31
31
31
21*. ( o l d )
2k (new)
31 1 /
31
Mar#
Mar®
Apr.
May
June
July
Aug.
Sept#
Oct.
Nov.
Dec*
1
29
26
31
30
26
30
27
25
29
30
Jam
Feb*
Mar,
Apr®
May
31
28
28
28
5Q
n. s .
Govt,
securities
155*7
160,3
l'61u5
169,3
18U.1).
18U*2
18U,2
189*5
198*5
69.0
61.6
58.6
58.2
66 ell.
60.9
60,9
58,9
61,0
61 a 3
197.0
195*6
197 *2
EA99»2
" 200,9
203.3
203*0
207*5
208,3
209.1
2lk.lt
p
p
p_
p
p
210,9
211*6
212,a
214.7
215,0
ill
Date
Loans
and
investments
Total
loans
Busi- Heal Securness estate ity
16.3
16.7
16.3
17.9
20.6
20.6
20*6
20*5
20.9
70.U
82,0
89.7
93*2
97,5
102*8
102,8
110,0
116,7
26.9
33.2
38.7
U0.5
Uo.U
U2,5
37*8
U0.2
U3«l
18.U
20*8
22*5
23*1
25.3
26*9
26*9
28*1
28*7
U»5
5*0
U«3
U.2
U.7
Ua
U«1
U*9
5a
60»?
61.5
61.8
6k el
61i„ 2
66.1
66.6
66.2
66,6
21.3
21.7
21.8
21.9
22,1
22.3
22.5
23.3
23.2
23.U
23.9
UluU
11U»2
11U.7
115*8
117.0
116.3
116,3
118*1
118*5
119,5
123.9
U l *9
U2»8
U2.U
U2»3
U2.8
U2»3
U2.5
U3.0
U3»2
U3.6
U5*2
28.7
28.8
28*8
29*0
29*3
29*5
29*7
29*8
29,9
30.1
30*3
Iu5
U#o
U.7
U*8
U*9
5*1
U.6
5*1
5*2
5.0
67.2
66.0
6U.lt
6U.6
64.3
2U.1 119.6
2U»5 121*1
25.U 122,6
26.2 123.9
26 „ 2 124.5
U3*U
U3»7
rltUe
59.7
rUU.7
44,9
Farm
Consumer
Nonbank
financial
All
instituother
tions
• 5*2
U»5
U.2
U.l
5*o
5«o
5*0
5.0
5*7
10*9
13*2
lU«6
15*8
15 *9
17.5
17.5
18*8
20.6
5*9
7*1
7*1
6*0
6.2
6.0
6.0
6.0
5*8
5*8
5.9
6*0
6*2
21,2
21.1
21.0
21,1
21,2
21*2
21,2
21.0
21*0
21*0
21*1
6.2
5*9
5.8
6*0
6*0
5*7
5.9
6*U
6.1
6.3
7.3
30.U •U*7
r 30.5
5*U
r30e7
5.U
r31,l
5*7
31.51 5.1
6.U
6*6
6*6
6,7
6.b
21*0
20*9
21.1
r21.l
21*7
6*U
6.U
r6, b
r6*6
6.0
6*1
6.6
5*6
. 6*5
6*9
7*2
8*2
8*8
7*6
8*1
8*7
8*U
8*1
8eU
2/8*9
" 9,2
9*0
9.1
9.U
9*6
9*9
10,2
10*0
rlO*
rl0*2
10*U
10. ?
p - Preliminary» 1/ Structure changes in 1959s on balance through August^ added almost #1 billion to
total credit5 $600 million in loans3 $300 million in U* S* Government securities j and $100 million in
other securities* Real estate loans increased about $300 million3 business loans $100 million! consumer loans, $100 mil,liong and other loans $100 million# 2/ Increase of $200 million due to reclassification of foreign interbank loans into other loans. Total loans are also affected by this same
amount* NOTE: Data exclude interbank loans* Total loans are after and types of loans before- deductions for valuation reservese Consumer and "other loans" are partly estimated for all dates.
Other data are partly estimated on all but June and December call dates* Beginning June 2hs 1959»
"Business loans* and "all other loans" have been revised to exclude loans to nonbank financial
http://fraser.stlouisfed.org/
Loans rev#ed on basi# of March 2#, 1962 memtSb bank Call#
#
#
Federal Reserve Bankinstitutions#
of St. Louis
BANKING AND MONETARY DEVELOPMENTS IN JUNE 1962
Total commercial bank credit increased substantially in
June reflecting growth in loans and in holdings of non-Government
securities. Holdings of U. S. Government securities declined less
than usual. The seasonally adjusted money supply increased slightly
following a large decline in May. Time deposits and U. S. Government deposits at commercial banks rose further. Total reserves and
required reserves increased. Free reserves declined.
Bank credit. Total credit at commercial banks increased
$2.8 billion in June, considerably more than usual for this month.
Loan expansion of $2.1 billion was larger than in June of the two
past years but about the same as in earlier years. Holdings of nonGovernment securities increased substantially reflecting in large
part bank acquisitions of Federal agency debentures § purchases of
State and municipal securities were not as heavy as they were earlier
in the year. Holdings of U. S. Government securities declined only
slightly whereas often they drop substantially in June.
Credit expansion in June was larger than usual at both
weekly reporting banks in leading cities and at banks not reporting
weekly. At weekly reporting banks, loan growth was similar to that
of most other recent years but security holdings increased more than
usual. At nonweekly reporting banks, loan growth was larger than in
most other years while security holdings declined moderately as is
generally the case.
Over the first half of 1962, credit at all commercial banks
increased $3.4 billion, considerably more than in any other year except
for the unusually rapid expansion in the comparable months of 1958;
generally credit declines over the first half of the year. There was
some slowdown in the rate of growth in the spring, however. Loan growth
was moderate in the January-June period but holdings of U. S. Government securities declined less than usual while holdings tif non-Government
securities increased half again as much as in any other year. At banks
in leading cities, credit increased whereas it usually declines and at
other banks credit growth was larger than usual.
Business loans increased $600 million in June, about the same
as in June of the past four years. Borrowing over the mid-June tax
and dividend payment weeks was also comparable with that of other recent
years. The volume of corporate tax payments was about the same as in
the two past years but there were fewer tax anticipation bills
Not for publication.
maturing this year. Business loans have increased only slightly so fair
this year; in the first half of 1961 they had declined but in most
other recent years they had increased substantially.
Loans to most industrial categories increased in June as is
usual in a tax month. Loans to metals concerns and to public utilities,
however, did not increase as much as in other years, accounting for less
than a third of total borrowing whereas they generally account for over
half. Loans to "other manufacturing groups" continued to increase more
than usual. Loans to food processors increased slightly whereas they
usually decline; net repayments by commodity dealers were a little
smaller than usual and new borrowing by trade concerns was a little
larger.
Security loans declined $200 million in June. Substantial
reductions in loans to brokers and to others against stock market collateral were offset in part by increases in loans to U. S. Government
security dealers, which usually rise in tax months. Loans to nonbank
financial institutions, which also rise over tax periods, increased
$500 million in June, somewhat more than usual.
Real estate loans at all commercial banks increased further
in June. Over the first half of 1962, these loans rose S i . 7 billion,
about the same as the rapid growth in the comparable months of 1955
and 1959* Consumer loans have also increased substantially since
spring but moderately over the half year.
Money supply. The daily average money supply, seasonally
adjusted, increased $200 million between the second half of May and the
second half of June following a $1.2 billion reduction in the previous
month. In late June, the money supply was slightly below the late
December level and about 2-1/4 per Cent above the level a year earlier.
Average U. S. Government deposits at commercial banks rose
somewhat further in June to $8.2 billion outstanding, an unusually high
level. Over the first half of 1962, these deposits increased $2.7
billion, much more than usual for this period.
Time deposits at all commercial banks, seasonally adjusted,
increased $1.2 billion further in June. This was the same as in May,
higher than in April, but below the rapid rate of expansion earlier in
the year. At weekly reporting banks in leading cities, the increase in
savings deposits in June accounted for a considerably larger part of the
growth in total time and savings deposits than in other recent months.
Negotiable time certificates of deposit at banks in New York and
Chicago declined in mid June and then showed little further change
through early July.
Not for publication.
The seasonally adjusted annual rate of demand deposit
turnover at banks in 343 centers outside New York increased slightly
to 31.6 (preliminary) in June from 31*4 in May, Over the first half
of 1962, turnover has averaged about 8-1/2 per cent above the comparable period a year ago.
Bank reserves. Total reserves and required reserves of
member banks increased further in June. Excess reserves at $470
million were slightly lower than in May and member bank borrowings
from the Federal Reserve at $100 million were higher. Free reserves
averaged $370 million compared with $435 million in May. At central
reserve and reserve city banks, reserve positions shifted to net
borrowed reserves; at country banks, free reserves were about unchanged.
The effective rate on Federal funds„ which had been low in late May
and early June, rose in mid-June; later in the month and in early
July it was generally at or close to 3 per cent.
During June, on a daily average basis, reserves were
absorbed primarily through currency outflow. Gold stock declined
slightly further and foreign deposits at the Reserve Banks increased.
On a weekly average basis, however, there had been no change in gold
stock after the week of May 23. Reserves were supplied mainly
through an increase in Reserve Bank float. Federal Reserve holdings
of U. S. Government securities increased somewhat. Purchases were
exceptionally heavy late in June, however, following earlier
reductions.
Banking Section,
Division of Research and Statistics,
Board of Governors of the Federal Reserve System.
July 17, 1962=
Not for publication
™ 4 —
L«U«3
Table 1
Estimated Changes in Loans and Investments at All Commercial Banks
(In billions of dollars)
Last Wednesday of May to end of June
Item
1362,6/1
1961 11960 6/[1959 6/11958 6/11957 6/
Total loans (less interbank)
+2.1
+1.2
+1.7
Business texcluding noribaurflc financial
or sales finance companies) 2/
+0,6
+0.5
+0*6
Nonbank financial
+0.5
+0*4
Sales finance companies
y
y
(Business (including nonbank flnan*
cial or sales finance
2/+1.1 Z/+0.5 2/+1.0
Real estate
+0.5
+0.3
+0,1
Security
-0.2
+0o 1
+0.1
Agricultural
y
+0.1
+0.1
Consumer
+0.3 y+0.1
+0,3
All other 2/
+0.2
+0.1
+0,3
+0,4
+0.3
+0,2
+0
+0
-0
+0.2
+0,2
U. S. Government peeurltles
—0 4 1
+0.3
-0.9
=1.7
+1,5
"106
Other securitiee
+0.8
+0.2
+0.1
-0.2
+0,6
+0.8
+0.3
+4,4
A
JSSS.
Tata (law b«nk)
item
+2.8
3 H
Total loans (less interbank)
Business (excluding nonbank financial
or sales finance companies) 2/
Nonbank financial
Sales finance companies
(Business (including nonbank financial or sales finance companies))
Real estate
Security
Agricultural
Consumer
All other £/
m
+1.5
+2.0
+1.2
+0.7
M,-,
+1.3
+0.2
-0.1
—0.1
+0.3
+0.1
+0.9
+1,0
£
+2,3
+2.3
+2,1
+0.8
+0.6
+1.3
+0,3
+oz
+0,3
y
+1.1
+0.2
•0.1
+0,2
y
+0.1
+1
y
+1 o 1
+0.6
-0.2
+0,3
n.a.
+^1
n.a.
+0.4
+0* 1
+0.2
+0.1
+0.2
MA
+0o 1
+0,1
+1,0
y
+0.3
-0.2
+0.1
+0.1
y
+0,1
+0.1
+0.2
+0.7
+0.3
+0,1
+0.2
+0,2
+0.1
+0.2
+0.3
y
y
y
+0,2
+0.4
y
+0,1
y
—0.1
U. S. Government securities
-0.7
-1.7
+0,2
+0.3
+0.5
+0.4
Other securities
+0.1
+0.1
+0.2
—0.1
+0.2
+0.2
&
Total (less bank
+0.9
+ 1.4
+0.3
+0.6
+1.7
+1.2
1/
„ Less than $$0
- million* n.a.--Not- available!
-- y 'Data afe on revised bftflii
be
;eginning June 1959 and exclude loans to nonbank financial institutions. For previous
years1 loans to sales finance companies at weekly reporting banks have been shown
separately to provide roughly comparable changes in business loans on revised basis,
y
Included in business and "all other." 4/ Included with nonbank financial,
y
Includes about $100 million repayment on Sears transaction, 6/ Data are for last
Wednesday of June. £/ Not strictly comparable with previous data since all nonbank
financial are included rather than sales finance only.
Digitized Not
for FRASER
for publication
.L.U.3
- 5 Table 1
Estimated Changes in Loans and Investments at All Commercial Banks
(In billions of dollars)
Item
1962 6/
ana 01
1961
fflirer ,t9 em*
1960 6/195967a '1958 6/ 1957 6/
Total loans (less interbank)
+2.7
+0.3
+2.6
Business {excluding nonbank financial
or sales finance companies) 2/
+0.3
-0.4
+1.7
Nonbank financial
="0 • 2
01
Sales finance companies
y
y
(Business (including nonbank financial or sales finance companies))
Z/+0.1 Z/-1-5 Z/+1.7
Real estate
+1.7
+0.6
+0*3
Security
= 1.1
—0.2
-1.3
Agricultural
• +0.5
+0o 4
+0,4
Consumer
+0,9 5/+0.6
+ 1.2
All other 2/
+0.7
+0,4
+0,2
U. S. Government securities
-2,4
+0,8
-4.7
Other securities
+3.1
+1.2
-0.6
+3.4
+2.3
=2.8
Total (less bank)
Item
Total loans (less interbank)
business (excluding nonbank financial
or sales finance companies) 2/
""
Nonbank financial
Sales finance companies
(Business (including nonbank financial or sales finance companies))
Real estate
Security
Agricultural
Consumer
All other 2/
+5.3
+0,4
+2.4
+1.8
y
+0.3
-0.8
+1.4
y
*0.4
+2,1
+1*6
—0*6
—1.7
+0.6
+1,2
+0.5
+1.8
y
-0.9
+0.1
-0.4
-0.2
+0.8
+0.2
v
+1.6
+0,6
—0« 1
-5.5
+6.4
-3.1
+2.1
+0.5
y
—0.2
y
+8,9
JH:
j m
S
+4.2
+4o4
-0.3
+0.9
+1.5
+2.5
+3.2
y
=0.3
+1 o4
=0e 9
+0.6
y
-0.2
—0,4
y
—0.1
—0.4
y
-0.2
n.a.
y
n.a.
-0.5
+0.5
-0 c 4
—0 < 2
+1.3
+0.2
-0.6
+0.4
+0.5
+0.2
+0,8
+0.1
+1.7
+0.6
—0.2
+0.2
+0.1
+0.2
+2,9
+ 1.0
—0«6
+2.0
+1 o 4
"
T
O
,.1255,, Ji 1qcH
-0.2
+1,0
+0.3
-ofs
+ 1.2
+0,6
—1.1
+0.5
+0.2
+0.2
=0.1
+0,1
U. S# Government securities
-5.0
-5.7
+0,1
—4.7
-0.3
-3.5
Other securities
=0 i 2
+0,5
+0.9
+0.1
+0.7
+0.3
=0.,8
-1,0
+0.7
+1,8
Total (less bank)
-3-7
-0.7
Less than #50 million. n.a,—Not available I Tj
Data are oh revised basis
¥eeginning June 1959 and exclude loans to nonbank "Financial institutions. For previous
years, loans to sales finance companies at weekly reporting banks have been shown
separately to provide roughly comparable changes in business loans on revised basis,
y Included in business and "all other," 4/ Included with nonbank financial,
y Includes about $500 million net increase due to Sears transaction. 6/ Data are for
last Wednesday of June. 2/ Not strictly comparable with previous data since all nonbank financial are included rather than sales finance only. 8/ As a result of bank
structure changes in January and April 1959 total credit increased about $700 million;
Digitized total
for FRASER
loans $400 million; U, S. Government securities $200 million; and other securities
http://fraser.stlouisfed.org/
$100 million.
Not for publication
Federal Reserve Bank of St. Louis
L.U.3
Table 2
Changes In $een» and Inrtftaonta at Weekly Beportlng
Menfeer Banks and Konreporting 'Bmskn
—
—
(
l
a
b tllions ef dollar#)
Last Wednesday of May to last Wednesday of June
Item
1962
Weekly reporting banks
1961 y
1960
1959
1958
1957
+1.3
—1.2
-0.1
-0.1 I
+1.7
+1.5
+0.5
+3.7
+1.7
—1.0
_&L
+0.4
—0.6
1/
Total loans
U. S« Government securities
Other securities
Total loans and investments
+1.2
-0.4
+1.2
+0.2
+0iZ
+2.1
+0.6
+0.7
+0=1
+1.3
+0.9
-0.3
+0.1
+0.6
—0.4
+0.1
+0.5
-0.5
+0.1
+ 1.0
-0.5
+0.6
2/
+0.7
+0.4
+0.1
+0.4
+0.7
JL
+0.7
+0.7
Homreseg*ting banks 1/
Total loans
U, S» Government securities
Other securities
Total loans and investments
+0.1
—0.2
Last Wednesday of May to last Wednesday of June
Item
Weekly reporting banks
1951
1956
1955
1954
1953
1952
+ 1.2
-0.3
+1.4
—1.2
+0.1
+0.4
+0.7
+0.1
+0.2
+0.1
+0.4
—0.2
+0.3
+0.5
+0.9
+0.4
+0.7
+0.2
+1.2
+175
+1.3
+0.3
—0.4
+0.2
+0.6
-0.5
+0.1
+0.6
-0.5
+0.2
-0.1
+0.1
+0.6
-0.3
+0.1
+0.2
1/
Total loans
Ue S« Government securities
Other securities
Total loans and investments
—Oo 1
+0.8
Honreporting banks 1/
Total loans
U. S. Government
Other securities
Total loans and investments
2/
~y
'-iL.
-0.3
+0.1
—0.1
+0.3
+0.3
+0.2
+0.1
2/
Beginning 1959, changes are on revised basis. Changes may not correspond exactly
with published data for weekly reporting banks because loans to foreign banks have
been excluded from this tabulation.
Less than $50 million.
Call report data for June 30, 1961.
Not for publication
- 7 -
Table 2
Changes in teena cod Iwroafenta at Weekly Reporting
Msntoer Banks and Ncaarei
(]n billions of
Last Wednesday of December to last Wednesday of June
Item
1962
1
Weekly reporting banks
4/ 1961
y
1960
1959
1958
1957
1/
Total loans
U. S« Government securities
1 Other securities
Total loans and investments
+0.4
-1.8
+
2-?
+0.9
-1,4
+ 1.5
+0.7
+0.8
+0.4
-2,3
-0.4
-2.3
+2.3
—0»6
+0o 8
+1,7
-0.7
+0.^
+2.2
—2 9 4
-0.2
+2.5
+1.5
-0.5
+2.4
-4.6
—0.1
-2.3 i
—0.9
+6.2
+0.7
-1.7
+0.1
-1.0
y+2.9
y-0.9
IZ+0.1
+1.3
+0.2
+0.6
+1.7
-1.4
+0.4
5/+2.1
+2.1
+0.8
Kaarewting banks 1/
Total loans
P U, S. Government securities
Other securities
Total loans and investments
Last Wednesday of December to last Wednesday of June
Item
1956
Weekly reporting banks
1954
1953
1952
1951
1/
Total loans
U. S. Government securities
Other securities
Total loans and investments
*
1955
+2»8
-3.5
-0.3
-1.1
+2.7
-4.8
+0.1
—2
*0
—1 o 4
+0.9
+0.7
-0.2
+0.4
-3.8
40.3
+0.2
+1.3
-2.5
+1.1
+0.1
-1.2
+1.1
+1.2
Nonreporting banks "1/
#
Total loans
U. S. Government
Other securities
Total loans and Investments
%
0V
+1.4
-1.5
+1.1
+1.1
+0.1
+1.7
—0.9
+0.4
-0.8
-0.9
-0.6
+0.2
-1.0
+0.2
+0,1
+ 1.2
+0.5
+0.3
+0.7
+0.5
+0.2
+0.1
Beginning 1959 > changes are on revised basis„ Changes may not correspond exactly
with published data for weekly reporting banks because loans to foreign banks have
been excluded from this tabulation.
Less than $50 million.
As a result of bank structure changes in January and April 1959» total credit increased
over $600 million; total loans, $400 million; U. S. Gov't, securities, $200 million.
Call report data for December 31, 1959, December 31, 1960, and December 30, 1961, have
been used. Also, Call report data for June 30, 1961 have been used.
Not for publication
L.U.3
-
8 -
Table 3
Changes in Commercial and Industrial Loans 1/2/
(In millions of dollars)
Business of Borrower
Food processors
Commodity dealers
Trade concerns
Total
Sales finance
Last Wednesday in May to last Wednesday in June 2/
1960
1962
1961
+ 32
- 35
- 22
- 13
- 93
- 69
- 16 . + 17
T98
^95
f #
V
V
y
1959
1958
+
-
315
+
59
+200
295
+
396
+100
+
40 +
+ . 201 +
62
170
+ 33
+ 40
5
+ 11
r r
19
66
48
1
+336
+ 58
+
+
57
48
46
59
1955
+
25
— 96.
%
- 106
+
+
+
+
-
1956
1957
20
44
44
20
+151
+ 68
+185
+175
+136
+ 36
+ 4
+ 32
- 4
+ 51
-17
+ 39
- 27
+ 6
>31
+ 110
+ 19
+ 26
+131
+ 27
+ 12
+ 93
+112
+ 42
+ 44
+180
+ 54
+ 57
t 73
+ 30
+
+
+
97
351
29
+
+
+
106
222
24
+ 41
+217
+ 51
+ 63
+126
+ 32
+133
+ 78
+
85
+
86
+ 64
Classified
Unclassified
+422
+ 78
+292
+ 17
+400
+ 76
+874
+ 70
+474 +1,415
21
. + 64 +
+1,019
+
63
+727
5/+138
Total change
+500
+309
+476
+944
+538
+1,436
+1,082
S/+865
Total change excluding
sales finance
+500
+309
+476
+608
+480 . +1,121
+1,023
§Z+665
Metals and products
Textiles, apparel
and leather
Petroleum, coal etc.
Other manufacturing
and mining
Public utilities
Construction
All other types of
business
1/ Prior to week ending January 11# 1956, includes changes in agricultural loans.
<
"2/ At weekly reporting banks.
. .
V For 1962, dates are May 30-June 27. Comparable four week periods have been used
throughout. Therefore, for years 1960, 1955, and 1954, these data are on a different time basis than those shown in Table 1,
V Not included in business loans on revised basis.
#
#
2/ Includes CCC certificates of interest which are estimated to have declined *54 million.$
Not for publication
- 9 Table 4
Demand Deposits, Currency, and Related Items
(Averages of daily figures. In billions of dollars)
Money Supply
Seasonally ad; us ted
Demand
CurTotal
rency
deposits
Period
*
w
(2)
1954--Dec.
1955--Dec.
1956-—Dec.
1957--Dec.
1958-—Dec *
# 1959--Dec.
1960--Dec.
(2)
(2)
(2)
(2)
1961--May
(1)
June
•
(2)
(2)
(2)
(1)
(2)
July
Aug.
#
Sept.
Oct.
Nov.
#
Dec.
(1)
(2)
(1)
(2)
(1)
(2)
(1)
(2)
(1)
(2)
(1)
(2)
1962--Jan.
(1)
Feb.
(1)
Mar.
(1)
Apr.
(1)
(2)
(1)
#
May
#
June
(2)
(2)
(2)
(2)
(1)
(2)
Related deposits—all commercial banks
Without seasonal adjustment
Gross
U. S. Govt, demand
time
28.6
28.9
29.0
104.6
106.9
108.3
107.2
112.3
112.6
111.5
48.7
50.1
52.0
57.3
65.3
67.2
72.8
4.6
3.5
3.5
3.7
4.0
5.2
5.2
142.0
141.9
142.4
141.9
29.0
28.9
28.9
29.0
113.0
113.0
113.5
112.9
77.8
78.3
3.9
5.3
3.3
5.8
142.1
141.9
141.9
141.8
142.7
143.3
143.1
144.2
144.5
143.7
144.4
145.5
29.0
29.0
113.1
112.9
112.8
112.8
113.6
114.1
113.8
114.9
115.1
114.2
114.9
115.9
79.7
80.1
132.0
134.7
136.6
135.5
140.9
141.5
140.5
27.4
27.8
28.3
144.9
144.3
144.7
144.0
144.6
144.8
145.3
146.1
146.0
144.9
145.5
145.1
28.3
29.0
29.0
29.2
29.2
29.4
29.3
29.4
29.5
29.4
29.6
29.6
29.6
29.6
29.7
29.8
29.9
30.0
30.0
30.0
29.9
30.0
30.1
115.4
114.8
115.1
114.3
114.8
114.9
115.3
116.1
116.0
115.0
115.5
115.1
78.8
79.2
80.5
80.8
81.2
81.5
81.9
82.1
82.2
81.9
82.1
82.4
83.4
84.5
85.5
86.2
87.3
88.1
89.0
89.3
89.8
90.5
91.2
91.6
4.8
3.9
5.1
5.8
4.5
5.9
6.9
6.1
5.3
6.3
4.3
5.5
4.4
3.4
4.3
5.2
4.2
6.0
4.0
3.8
6.2
7.7
6.3
8.2
A
NOTE;
Demand deposits are those other than domestic commercial interbank and U. S. Government, less cash items reported as in process of collection and Federal Reserve float.
Currency is that outside the Treasury, the Federal Reserve, and the vaults of all
commercial banks.
Not for publication
-
10-
+
Table 5
Negotiable Time Certificates of Deposit as
Reported by Selected Large Banks in
New York and Chicago 1/
(In millions of dollars)
Date 2/
1961:
April
May
June
July
Sept.
Oct.
Nov.
Dec.
1962:
Jan.
1/
2/
New York
Chicago
New York
Chicago
7
li
21
28
1,102
1,113
1,141
1,197
289
296
307
317
7
14
21
28
1,243
1,244
1,253
1,289
326
326
336
374
4
11
18
25
1,234
1,223
1,255
1,252
432
450
442
429
2
9
16 .
23
30
1,240
1,291
1,347
1,380
1,395
421
422
427
435
453
6
13
20
27
1,415
1,412
1,393
1,404
462
464
455
465
Date 2/
1962:
Feb.
26
31
28
26
463
632
792
999
n.a.
n.a.
n.a.
n.a.
6
13
20
27
1,061
1,097
1,079
1,073
n.a.
n.a.
n.a.
n.a.
March
4
11
18
25
1,139
1,150
1,146
1,160
256
255
268
267
April
1
8
15
22
29
1,149
1,154
1,152
1,163
1,166
248
248
259
264
262
May
6
13
20
27
1,142
1,094
1,043
1,004
267
258
250
254
June
3
10
17
24
31
960
952
978
1,017
1,052
244
243
252
267
270
#
Reported by 9 banks in New York and 5 banks in Chicago; prior to September 8, 1961,
10 banks in New York reported but on that date 2 reporting banks merged.
Data first reported as of April 19, 1961, for banks in New York and October 4, 1961,
for banks in Chicago.
n.a. - Not available.
Not for publication
#
0
#
#
#
$
< W
3
•- 1
Table 6
Ratios to Total Deposits
U.S. Govt, securities maturing
LOANS
Date
191+6
19!,7
194t
1919
1950
1951
1952
1953
1954
1955
1956
1957
1958
1959
1960
1961:
All commercial
Total
banks
Member banks
Central reserve city Reserve
New York
Chicago
city
All
commercial
banks
Country
31
31
31
31
31
31
31
31
31
31
23.3
27.7
31.2
31.1
35.8
37.2
39.3
40.5
40.3
45.8
48.8
49.7
48.4
54.0
55.1
23.7
28.2
31.3
30.9
36.1
37.6
39.9
41.1
40.7
46.7
50.1
51.0
49.4
55.6
56.5
27.7
31.0
35.9
34.9
42.5
46.3
50.6
50.6
46.8
56.7
61.7
61.9
57.7
67.3
65.9
27.3
30.3
30.4
25.6
32.3
36.2
38.9
39.1
38.3
46.3
52.7
55.2
49.4
58.2
60.8
26.0
31.1
33.4
32.4
38.1
39.4
41.1
42.2
41.9
48.5
52.7
53.3
51.3
58.2
59.0
18.9
23.4
27.1
28.5'
31.5
32.1
33.9
36.1
37.1
40.7
42.6
44.1
48.2
50.3
14.3
14.0
14.2
19.2
15.2
9.8
11.7
16.9
10.0
5.1
7.5
8.4
8.3
6.7
8.1
Jan.
Mar.
Mar.
Apr.
May
June
25
1
29
26
31
30
54.5
55.5
55.8
55.6
55.8
55.7
55.8
56.8
57.2
56.9
56.9
56.6
62.7
65.8
65.0
65.3
65*4
64.0
58.8
62.0
64.7
62.1
58.3
57.1
58.8
59.7
60.2
59.5
59.3
58.9
50.1
50.5
51.0
51.0
51.4
51.8
8.5
8.9
8.1
9.3
9.8
10.8
July
Aug.
Sept.
Oct.
Nov.
Dec.
26
31
27
25
29
30
54.8
55.1
54.7
54.3
54.7
54.5
55.7
56.1
55.7
55.3
55.7
55.7
62.0
62.8
63.6
62.9
63.5
65.0
54.8
57.1
56.6
57.9
57.7
58.0
58.0
58.6
57.9
57.7
58.3
57.7
Dec.
Dec.
Dec.
Dec.
Dec.
Dec.
Dec.
Dec.
Dec.
Dec.
Dec.
Dec.
Dec.
Dec.
Dec.
31
31
31
31
31
2/
2/
2/
2/
V
44.4
1
51.1 '
51.1
50.7
50.2
50.5
50.2
1
12.2
11.4
11.8
11.4
10.4
10.6
Jan. 31p
10.9
63.0
56.8
54.1
57.7 : 50.1
55.3
Feb. 28p
58.0
58.8
11.7
I
50.8
56.0
54.9
64.7
Mar. 28p
10.6
65.8
58.3
51.2
59.2
56.5
55.4
10.9'
58.4 1 51.3
58.3
65.4
Apr. 25p
56.5
55.4
11.1
51.8
64.4
May
3Qp
56.8
,59.1
57.3
55.7
58,8
52.3 <•
n.a.
—
63.8
57.7
56.8
<5.8
June 27D
1/ Total loans (adjusted to exclutie 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/ Prior to 1951# data are on call basis and beginning in 1951» they are on maturity
basis. On a call basis, data for 1951 and 1952 are 21.5 and 19.1 respectively.
NOTE: Comparability of figures affected by changes in Federal Reserve membership, mergers,
etc; by changes in the reserve classification of cities or individual banks, and by
changes in items.
p
Preliminary,
n.a. - Not available.
http://fraser.stlouisfed.org/
Not for publication
1962:
Federal Reserve Bank of St. Louis
-
1 2 -
Table 7
Free Reserves and Total Reserves Held
(Based on averages of daily figures; in millions of dollars)
Free reserves
(excess reserves minus borrowings)
Date
U r -
Central reserve city Reserve
Country
ine iriber New York
Chicago' city
Monthly averages;
Dec.
1958
Dec.
-I959
1960
Dec.
1961:
1962:
- 41
-424
669
•109
10
• 80
•104
• 4
-197
-449
80
268
237
583
18,494
18,540
18,887
18
66
• 451
438
18,989
19,099
56
44
50
8
13
24
467
484
499
446
494
471
19,025
19,242
19,411
19,640
19,792
19,704
3
3
17
22
15
9
36
- 5
476
404
394
401
385
390
19,812
19,789
19,764
19,822
19,957
19,982
453
- 22
549
40
5
5
July
Aug.
Sept.
Oct.
Nov.
Dec.
530
537
553
441
509
424
7
7
1
12
14
50
Jan.
Feb.
Mar.
Apr.
May
June
536
434
379
440
41
11
24
50
Weekly averages;
1962: May 30
June
6
13
20
27
n r
member
-'32
May
June
2
Total reserves
held seasonally
adjusted -,/
2
24
13
22
2
3
6
20
370
431
10
12
521
82
31
86
321
n.a.
457
345
347
325
7
7
h
11
23
23
- 31
- 31
434
319
401
372
n.a.
n.a.
n.a*
n.a.
1
12
21
6
NOTE: Data for June are preliminary.
1/ Series revised; revised data first published in "Banking and Monetary Developments"
for August, 1961. Revised seasonal factors and back data may be obtained from
Banking Section.
p - Preliminary.
Not for publication
#
- 13 Table 8
L.li.3
Liquid Assets Held by the Public — Seasonally Adjusted Series
(Amounts in billions of dollars; ratios expressed as percentages)
End of
year or
month
Ratio:
Ratio:
Commercial Commercial
Total
bank demand bank deposits
liquid
and time de+ currency to assets to
posits adj.
gross
total liquid
and currency
national
assets
(2 + W
(9 + 1)
product 6/
11
10
9
Demand
Personal-type savings
U. S. Govt
deposits
Total
Total
Savings U. S. securities
adjusted personal- Time deposits
liquid
Govt.
adjusl;ed 1/
maturing
type
and
and
assets
savings within one
loan
currency . savings Commer- Mutual
(2+3+8)
shares bonds
cial savings
year 5/
outside (li+5+6+7)
y
banks banks 2/
banks 1/
3/
1
8
6
5
7
!
3
h
2
1954
1955
1956
1957
1958
1959
I960
1961
Apr. .
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.
1962:
Jan.
Feb:
Mar.
Apr.
May
June
318.0
330.3
339.9
351.7
368.9
388.7
396.0
130.0
133.5
134.5
133.6
138.8
140.2
139.2
406.8
408.1
413.2
414.4
414.4
417.2
420.9
420.6
424.6
141.5
2/140.8
140.9
141.5
141.3
141.9
143.8
143.4
144,8
158.1
166.4
174.1
182.8
196.7
204.4
217.7
46.8
48.5
50.7
56.4
63.4
66.2
71.7
. 28-. 5
30.0
31.6
33.0
35.1
35.9
37.1
224.0
74.8
227.5 2/77.4
78.4
229.6
231.1
79.0
232.7
79.8
80.6
234.6
81.4
236.3
82.5
238.4
82.4
, 239.6
55.6
55.9
54.8
51.7
50.5
48.0
47.1
29.9
30.4
31.3
35.3
33.4
44.1
39.1
64.5 . 47.1
47.2
65.2
47.2
65.9
66.5
47.3
67.3 • 47.3
68.0 . 47.4
68.9
" 47.3
47.3
69.7
47.6
70.5
41.3
39.8
42.7
41.8
40.4
40.7
40.8
38.8
40.2
27.2
-32.0
37.0
41.7
' 47.7
54.3
61.8
37.6,
37.7
38.1
38.3
38.3
38.6
3.8.7'
33.9
39.1
•
176.8
182.0
185.2
19O.O
202.2
206.4
210.9
55.6
55.1
54.5
54.0
54.8
53.1
53.3
216.3
.. 218.2
219.3
220.5
221.1
222.5
225.2
225.9
227.2
53.2
53.5
53.1
53.2
53.4
53.3
53.5
53.7
53.5
-
85.3
80.7
78.8
79.3
79.4
79.5
78.1
79.1
78.9
77.6
•
425.7
430.6
435.3
438.8
437.5
n.a.
143.7
144.4
l4'i .0
145.7
143.4
143.4
242.8
244.9
247.4
248.8
250.9
n.a.
84.8
86.2
87.6
88.3
89.5
e 90.7 ;
39.2
39.4
39.6
39.8
39.9
40.2
71.2
71.8
72.7
73.3 y
74.1
".n.a.
47.6
47.5
47.5
47.4
47.4
n.a.
39.2
41.3 .
43.9
44.3
43.2
n.a.
228.5
230.6
231.6
234.0
232.9
234.1
53.7
53-6
53.2 .
53.-3
55.2, .
n.a.
78.3
p1/
2/
3/
4/
%/
6/
7/
Preliminary.
e-
Estimated.
14 -
Data for demand and time deposits adjusted and currency outside banks are as of last Wednesday
of month, except that time deposits are as of June 30 and December 31 when call data for these
dates were available. Demand deposits adjusted are total demand deposits less interbank and
U« S. Government demand deposits and cash items reported as in process of collection. Time
deposits adjusted are total time deposits less interbank and U. S. Government time deposits.
Includes savings deposits in the Postal Savings System.
Prior to 1955 data, are Board estimates based on monthly figures of inflow of new savings and
withdrawals of savings capital compiled by the Federal Home Loan Bank Board.
Includes all types of savings bonds held by investors other than banks and U. S. Government
agencies and trust funds•
Beginning May 1953 includes all marketable securities maturing within one year (adjusted to
include partially tax exempt securities 12 months prior to first call date) and, prior to
.1956, nonmarketable Treasury savings notes with maturities up to 36 months; figures include
holdings of insurance companies, brokers and dealers, State and local governments, nonbank
corporations, corporate pension funds, non-profit institutions, foreign accounts, and individuals; prior to May 1953 includes securities callable within one year.
Gross national product estimates are available quarterly and annually only. For 1950-58
ratios are for last quarter of year; for 1959 and i960* for each quarter of year* Data for
total liquid assets used in computing these ratios are quarterly average for four dates: each
month of the current quarter and the last month of the preceding quarter*
Demand deposits adjusted (before seasonal adjustment) was increased by $400 million and time
deposits adjusted (before seasonal adjustment) was increased by $1.5 billion due to the
reclassification of deposits of foreign official institutions which formerly were grouped
1
with interbank deposits and excluded from demand and time deposits adjusted.
Not for publication
- 15 L.4.3
Table 9
Loans and Investments at All Commercial Banks
(In billions of dollars)
Loans
and
investments
Date
Dec.
Dec.
Dec.
June
June
Dec.
Dec.
31
31
31
24 (old)
24 (new)
31 y
31
1961:
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.
31
30
26
30
27
25
29
30
1962:
Jan.
Feb.
Mar.
Apr.
May
June
31
28
28
28
30
27
1956:
1957:
1958:
1959:
I960:
V
p
p
p
p
p
p
U. S. Other
Total
Govt, securloans
secur- ities
ities
Business
Real
estate
Secur- Farm
ity
Nonbank
financial All
institu- other
tions
4.2
4.1
5.0
5.0
5.0
5.0
5.7
14.6
15.8
15.9
17.5
17.5
18.8
20.6
5.9
7.1
7.1
6.9
7.2
8.2
8.8
7.6
8.1
8.7
4.8
4.9
5.1
4.6
5.1
5.2
5.0
6.2
6.0
6.0
6.0
5.8
5.8
5.9 .
6.0 .
6.2
21.1
21.2
21.2
21.2
21.0
21.0
21.0
21.1
. 6.0
6.0
5.7
5.9
6.4
6.1
6.3
7.3
2/8.9
9.2
9.0
9.1
9.4
9.6
9.9
10.2
4.7
5.4
5.4
5.7
5,1
4.9
6.4
6.6
6.6
6.7
6.6
6.7
21.0
20.9
21.1
21.4
21.7
22.0
164.5
169.3
184.4
184.2
184.2
189.5
198.5
58.6
58.2
66.4
60.9
60.9
58.9
61.0
16.3
17.9
20.6
20.6
20.6
20.5
20.9
89.7
93.2
97.5
102.8
102.8
110.0
116.7
38.7
40.5
40.4
42.5
37.8
40.2
43.1
22.5
23.1
25.3
26.9
26.9
28.1
28.7
4.3
4.2
4.7
.4.1
4.1
4.9
5.1
2199.2
200.9
203.3
203.0
207.5
208.3
209.1
214.4
61.5
61.8
64.7
64.2
66.1
66.6
66.2
66.6
21.9
22.1
22.3
22.5
23.3
23.2
23.4
23.9
115.8
117.0
116.3
116.3
118.1
118.5
119.5
123.9
42.3
42.8
42.3
42.5
43.0
43.2
43.6
45.2
29.0
29.3
29.5
29.7
29.8
29.9
30.1
30.3
67.2
66.0
64.4
64.6
64.3
64.2
24.1
24.5
25.4
26.2
26.2
27.0
119.6
121.1
122.6
123.9
124.5
126.6
43.4
43.7
44.8
44.7
44.9
45.5
30.4
30.5
30.7
31.1
31.5
32.0
210.9
211.6
212.4
214.%%
215.0
217.8
Consumer
—
—
6.4
6.4 '
6.5
6.5
6.6
7.1
10.0
10.1
: 10.2
10.4
10.7
10.9
credit; $600 million in loans; $300 million in U. S. Government securities; and $100 million in other
securities. Real estate loans increased about $300 million; business loans $100 million; consumer loans,
$100 million; and other loans $100 million. 2/ Increase of $200 million due to reclassification of foreign
interbank loans into other loans. Total loans are also affected by this same amount. NOTE: Data exclude
interbank loans. Total loans are after and types of loans before deductions for valuation reserves.
Consumer and "other loans" are partly estimated for all dates. Other data are partly estimated on all but
•June and December call dates. Beginning June 24, 1959, "business loans", and "all other loans" have been
revised to exclude loans to nonbank financial institutions.
@FedFRASER