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^(TVaU^^W^ DERAL RESERVE BANK #of KANSAS CITY JUN 2 6 1961 BANKING AND MONETARY DEVELOPMENTS IN MAY 1961 Research Library ) I > I I * I I Bank credit. Total credit at all commercial banks increased about #1.5 billion in May# whereas generally there is a small decline in this month. Increased holdings of U. S. Government securities accounted for about half the rise. Holdings of Governments have generally declined in May, including years in which there was Treasury cash financing. Preliminary data indicate that in the May 15 financing allotments of new certificates and notes to commercial banks may have exceeded their holdings of maturing issues by over $1 billion while allotments to all other investors were $$00 million less. Total loans increased around $600 million, about the same as last year. The large contraseasonal rise in total credit in May was mainly at weekly reporting banks in leading cities, but growth at nonweekly reporting banks also was somewhat larger than usual. So far this year, credit at all commercial banks has shown little over-all change. In every other year since the early fifties, with the exception of 1958 when there was a sharp rise due to heavy acquisitions of U. S. Government securities, credit has declined in a range of $$00 million to $3.5 billion. This year's loan reduction has been substantial although less than in 1958. U. S. Government securities have increased somewhat whereas generally they declined sharply. Holdings of other securities have increased in near-record volume. A small January-May credit reduction at city banks contrasts with a usual sharp drop in this period, except for 1958, while moderate credit growth at other banks is similar to most other years. Business loans at all commercial banks declined about $200 million further in May, the same as in May of 1958 and 195b. In other recent years, business loans have increased in this month. So far this year, net repayments of business loans, $1.2 billion, have been about the same as in 1958 and 195k whereas in other past years, on the average, business loans have increased about $1 billion. Reductions in loans to food processors and, commodity dealers and increases in loans to trade concerns appeared to be about, seasonal in May 1961. Net repayments by metals manufacturers, petroleum and chemicals concerns, and public utilities were unusually heavy, however, reflecting in part capital market financing. On the other hand, increases in loans to construction firms were larger than in any other year. Loans to nonbank financial institutions increased slightly in May, following an unusually sharp decline earlier in the year. Often, loans to finance companies decline in May. Security loans also increased slightly in May. Brokers' loans and loans to others against stock market collateral, which had increased sharply in April with the expiration of AT&T rights, rose somewhat further in May and more than offset a reduction in loans to U. S. Government security dealers. Not for publication Real estate loans at all commercial banks may have increased about seasonally in May. Growth at city banks, which had begun in April, continued. So far this year, there has been a moderate increase at all commercial banks. Consumer loans at all commercial banks increased slightly, and less than usual, in May, exclusive of estimated liquidation of the Sears' transaction. These loans have declined slightly so far this year, just as in the January-May 1958 and 19%k periods. Deposit ratios. The ratio of total loans to total deposits at all commercial banks increased slightly in May to 55*7 per cent, but remained close to the level of the past four months. The ratio of U. S. Government securities maturing within one year to total deposits increased sharply in April (May data not yet available) to 9.3 per cent, reflecting principally acquisitions of Treasury bills. Money supply. The daily average money supply, seasonally adjusted, declined fUOO million between the second half of April and the second half of May, following substantial growth earlier in the year. So far this year, it has increased at an annual rate of about 2-1/2 per cent. The end-of-month series declined $1.1 billion in May (after a $1*00 million adjustment due to the reclassification of deposits of foreign central banks).!/ This reduction was associated in part with a sharp build-up in 1)7 S. Government deposits from an unusually low level* Seasonally adjusted time deposits at all commercial banks increased substantially further in May, #1 billion, (after a $1.5 billion adjustment due to the reclassification of deposits of foreign central banks).1/ So far this year, these deposits have increased $3.8 billion, about the same as in the comparable period of 1958. Deposit turnover. The seasonally adjusted annual rate of demand deposit turnover at banks outside New York and other financial centers increased from 25.7 in April to 26.9 in May. So far this year, turnover has averaged about the same as In the comparable period of 1960. Bank reserves. Free reserves of member banks averaged about $ W > million in May compared with $565 million in April. Excess reserves dropped to $51*0 million and borrowings rose to about $100 million. Free reserves declined at all classes of banks but most sharply at central reserve city banks in New York. Late in May and in early June free reserves increased, and by mid-June were averaging $585 million• 1/ Beginning May 1961, the level of demand deposits adjusted was increased by $1*00 million and the level of time deposits at commercial banks by $1.5 billion as the result of the inclusion of deposits of foreign central banks,official institutions, governments, and international institutions previously included in interbank deposits. Demand and time deposits of foreign commercial banks are still excluded from demand deposits adjusted and time deposits in this concept. Not for publication L.lu3 - 3 - During May, cm a daily average basis, reserves were absorbed principally through currency outflow and Treasury operations and supplied through System purchases of U. 8, Government securities, including continued acquisitions of longer maturities* There was a further small rise in gold stock. Required reserves increased, reflecting growth in ¥. S. Government and time deposits offset in part by reductions in private deposits. Effective rates on Federal funds were generally high during May, often at the 2-1/2 or 2-3/1* per cent level, and occasionally at 3 per cent* Only during the first few days of May, when reserve positions were still relatively easy in New York, and again around the raid of the month was the rate generally below these levels. Hot for publication Banking Section, Division of Research and Statistics, Board of Governors of the Federal Reserve System. June 20, 1961 L*li«3 — Ij. — Table 1 Estimated Changes in Loans and Investments at All Commercial Banks (In billions of dollars) edne Item Total loans (less interbank) Business (excluding noribank financial or sales finance companies) 2/ Nonbank financial Sales finance companies (Business (including noribank financial or sales finance companies)) Real estate Security Agricultural Consumer All other 2/ 195 st,W@dn9sd#y og,May 1956 6/+0.8 + 0*5 + 1*2 — 0*6 + 0*2 + 0*8 -0.2 + o.U - 0.1 + 0.8 - 0.2 + 0.1 + 0.1 +0,3 V +0.1 +0.2 +0.1 1/ V + 0.3 $ + 0.8 + 0.3 -¥.2 - 0.2 3/ - 0.1 Aiz - 0.3 + 0.2 *• 0 * 1 * 0*6 + 0.1 + 0.2 + 0.1 + 0.3 + 0.2 y + 0.3 1/ 1/ i 3/ - 0.1 y + 0.2 + 0.1 + 0.1 + 0.2 + 0.1 U. S. Government securities +0.8 — 0.7 - 1.0 + 0.3 - O.li - 0*9 Other securities +0.1 — 0.2 - 0.1 + 0.1 + 0.1 « 0*2 6/+1.7 - 0.3 + 0.1 - 0.2 1/ -0.3 Total (less bank) Item Total loans (less interbank) Business (excluding nonbank financial or sales finance companies) 2/ Noribank financial ~™ Sales finance companies (Business (including noribank financial or sales finance companies)) Real estate Security Agricultural Consumer All other 2/ Last Wednesday of April to last Wednesday of May 1955 I 195k 1953 I 1952 1951 I 1950 + 1.0 - 0*1 + O.LT -» 0*2 - 0.1 + 0.2 % % - 0.1 3/ - 0.1 + 0.1 + 0.1 + O.ii + 0.3 if - 0.3 + 0.5 - 0.5 + 0.2 rj U. S. Government securities •» 0*6 + 1.2 — 0.6 Other securities •» 0*3 + 0.1 1/ + o.k n* 2/ n*st* - 0.1 — o.i + 0.1 + 0.1 + 0.1 y + 0.2 - 0.1 + 0.1 + 0*2 + 0*2 II e5le 3/ n.a« - 0.3 - 0.2 - 0.2 - ¥1 + 0.2 + 0.2 + 0.2 + 0.1 + 0,1 Hi ,+ Oil w 0*1| - 0*1 + 0.3 + 0.1 + 0.6 1/ + Oel + 1.2 Total (less bank) + 0.7 t InQ 1/ Less than $50 million, n.a.—Not available. 2/ Data are on revised basis beginning June 1959 and exclude loans to noribank 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 3/ Includes about #100 million repayments on Sears transaction. 6/ Increase of $200 million due to reclassification of foreign interbank loans into "other loans." Not for publication »U.3 - 5 Table 1 Estimated Changes in Loans and Investments at All Commercial Banks (In billions of dollars) Item Total loans (less interbank) Business (excluding noribank financial or sales finance companies) 2/ Nonbank financial Sales finance companies (Business (including nonbank financial or sales finance companies)) Real estate Security Agricultural Consumer All other 2/ End of December to last Wednesday day of o: May T 9 5 T I 1966 %} 1959 ! 193% iwr 7/-1.2 + 0.9 + 3.0 -1.2 + 1.1 + 1.0 " T + 0.3 • 1.9 " 2.7 + 0.1 Z O 2.0 -1.1 - O.ii -2*3 +0.ii 0.7 +0.il 7/+0.5 7/-0.1 0.3 0.7 0.3 - 0.1 U. S« Government securities +0.5 3.8 ™ 3.8 + b*9 *= l«5 It.3 Other securities +1.0 0.7 + 0,2 + 1.5 + 0.5 0.3 7/+0*k 3.6 - 0.5 + ii.5 - 0.7 1.9 End of 1955 1951i 1953 1952 + 2.I1 — 1.2 + 0.6 + O.ii — 0.2 - 0.7 Total (less bank) Item Y V 0.2 -0.1 1.2 Total loans (less interbank) Business (excluding nonbank financial or sales finance companies) 2/ Nonbank financial ~~ Sales finance companies (Business (including nonbank financial or sales finance companies)) Real estate Security Agricultural Consumer All other 2/ + 0.7 3/ + O.ii - 1.0 3/ - n.2 + 1.1 +1.1 = 0.2 " 0.8 + 0.8 + 0.5 -1.2 + 0.3 — 0*1 1/ U. S. Government securities - ii.O - 0.1 Other securities + O.ii + 0.6 • 1/ + 1.0 + 1.3 «= 0.6 + 1.2 + 0.3 • O.ii : 0.2 - ¥.1 -0.3 + + + 0.3 o.U 0.5 0.2 1.1 0.1 — + + + + + + 0.2 1.6 0.8 -¥.$ • 0.2 • 0.2 3/ O.ii + 0.1 •2.1* • 0.3 3/ 0*1 + 0*6 1/ , 1951 + 1.9 0.5 0.1 0.7 0o2 1950 + 1.0 Ho 3-e Ileclo 3/ n.a. 3/ n.a. 1.0 0.3 0.5 0.1 O.ii 0.1 + 1.6 + 0.5 =* 0.5 + 0.1 - 5.0 «• 0*8 = 3e9 - 0.9 + 0.3 + 0.5 + 0.1 + 0.8 y * 0.3 — + + — + O.ii 0.7 0.3 0.2 0.6 y - 1.2 - 0.7 Total (less bank) - k*3 + 0.1 - 1.9 + 0.9 V Less than $50 million. n.a.-Hot available: 2/ Data are on revised basis be eginning June 1959 and exclude loans to noribank 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.11 h/ Included with nonbank financial. 3/ As a result of bank structure changes in January and April 1959 total credit increased over |600 million5 total loans # 0 0 millionj U.S. Government securities #200 million; and other securities $100 million. 6/ Includes about $600 million net increase due to Sears transaction. 7/ Increase of*$200 million due to reclassification of foreign interbank loans into "other loans," http://fraser.stlouisfed.org/ Not for publication Federal Reserve Bank of St. Louis L.U.3 Table 2 Changes in $eans and Investments at Weekly Reporting Ifenfeer Bai&s and Honreportlsg Banks ef Last Wednesday of April to last Wednesday of May Item 1961 Weekly reporting banks 1960 1959 1958 1957 1956 + - + — - 0.6 0.6 0.2 0.1 - 0.9 + 0.5 — O.ii - 0.3 0.1 0.1 0.5 + - 0.3 0.6 0.3 0.6 + + + 0.6 O.lt 0.1 0.2 + + + + + + 0.5 0.3 0.2 + — + • 0.5 0.3 0.1 0.3 1/ Total loans U. S. Government securities Other securities Total loansand investments 3/+ 0.2 " + 1.1 *" 0*1 3 A 1.2 0.1 0.2 0.2 0.3 2/ Horirtiqrting banks 1/ Total loans U. S. Government securities Other securities Total loans and investments 0*6 0.3 0.2 0.5 + O.lj. « 0.5 - f - 0.3 0.2 0.1 0.2 0.5 Last Wednesday of April to last Wednesday of May Item Weekly reporting banks + + + 1955 195& 1953 1952 1951 1950 + O.li - 0.7 — 0*3 -"03 + 0*1 + 0.9 ' 2/ + 1.0 — 0.2 - 0.5 2/ - 0o7 * t • + 0.1 0.3 0.2 0.5 — - + * + 0.1 0.5 0.1 0.6 + 0.6 + 0.1 = + + + + Ool 0*1 + » — + 0.1 0.1 0.1 0.2 + 0.3 + + + + 0.3 0.1 0.1 o.l* 1/ Total loans U. S. Government securities Other securities Total loans and investments 0.1 0.I4 0.1 0.5 • Nonreporting banks l/ Total loans U. S. Government Other securities Total loans and investments -+ 10.6 4 0.2 0.3 0.1 0.2 w % + 0.3 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. 2/ Less than #50 million. 3/ Credit expansion overstated by $200 million due to reclassification of foreign inter~ bank loans into "other loans." http://fraser.stlouisfed.org/ Not for publication Federal Reserve Bank of St. Louis - 7 Table 2 L.U.3 Changes ia loans and Investments at Weekly Reporting Mentoer Basiks sEtd Mamreportisg (ik Billions of dollirij Last Wednesday of December to last Wednesday of May Item h/1961 Weekly reporting banks 1/L960 1959 1958 1957 1956 1/ Total loans U. S. Government securities Other securities Total loans and investments V+ + 5A 1.8 0.8 0.7 0.3 - 0.7 1.9 o.lt 3.1 + + ™ 1.1 3.2 0.1 2*0 = + + + 2,6 U.7 1.0 3.1 — + - 1.0 0.8 • 0.1 1.7 + - + + + 0o6 0.3 0*3 0.7 + = 1.6 37+ 1.9 5/ot 0.3 y* 0.5 1/+ 1.9 0*6 o.i 1.5 + + + + 0.7 0.2 0.5 loll + + + 1.3 0.7 0.1a 1.0 + 1.2 - 1.1 2/ + 0.1 1.5 3.2 0.3 2.0 Ncatr$gqrt±ng banks 1/ Total loans U. S. Government securities Other securities Total loans and investments Last Wednesday of December to last Wednesday of May Item Weekly reporting banks 1955 195U 1953 1952 + 1.3 =» 3O6 + 0.1 — + + ~ 1.8 0.2 0.6 1.0 — 0.3 =• ii.2 + 0.1 - 1.3 — + - 0.2 0.5 0.1* 0.3 + 0.8 - 3.2 2/ - 2.b + + - 0.1 1,0 0.6 0.3 + 1.1 •» O.li + 0.3 TXo + 0.6 -» 0.3 2/ + 0.3 + 0.9 «* 0.8 + 0.2 + + + 0.6 0.3 0.1 o.i + + + + + + + 0.9 0.1 0.2 1.2 "1951 1950 1/ Total loans U. S. Government securities Other securities Total loans and investments Nonreporting banks 1/ Total loans U, S, Government Other securities Total loans and investments y H/ % •y 1.1 0.7 0.1 o.£ 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 $56 million. As a result of bank structure changes in January and April 1959, total credit increased over $600 million5 total loans, $1*00 milliont Gov't, securities, $200 million. Call report data for December 31, 1959, and December 31, I960, have been used. Credit expansion overstated by $200 million due to reclassification of foreign interbank loans into "other loans." http://fraser.stlouisfed.org/ for publication FederalNot Reserve Bank of St. Louis L.U.3 - 8 - Table 3 Changes in Commercial and Industrial Loans 1/2/ (In millions of dollars) *™ Business of Borrower Last Wee nesday in April to last Wednesday in May j/ 1961 I960 1959 - 69 -102 -38 -93 +61 -70 -13'2 +11 -12 -133 -96 -137 +10 -223 -81 -107 +20 -168 +15 -137 -176 -101 1958 1956 1957 Food processors Commodity dealers Trade concerns Total Zl2% + h3 -20 -78 +82 Sales finance n.a. n.a. Metals and products Textiles, apparel and leather Petroleum, coal etc. Other manufacturing and mining Public utilities Construction All other types of business - 59 +120 +132 -83 +98 + 8 - 53 +7 +33 -39 -28 -125 + 21 -109 + 60 +52 -59 +15 +Ui +1*7 +li5 - 17 +1+5 +73 Classified Unclassified -276 + 20 +163 +66 Total change -256 Total change excluding sales finance -256 1955 -112 -hi . +53 -106 • 1951 -120 -29 +85 -3 +53 +h -295 -35 +7 +38 -7 +2 +1 -17 +10 +2lt -66 +27 -6 +61 -1 +32 -a +33 +52 +68 +51 -21 -31 +30 +79 +11 +103 +50 +8 +279 +102 -I1I4I -32 -2614 -3 -62 • +208 +5 -117 -130 +229 +381 -173 -267 -57 +229 +366 «— — -kSk +91^/ -581^/ +6*/ -581^ . -336 -91 . +kk 1/ Prior to week ending January 11, 19$6, includes changes in agricultural loans, *2/ At weekly reporting banks. 2/ For 1961, dates are April 26-May 31. Comparable five week periods have been used throughout. Therefore, for all years except 19 6l, 1957 and 1956 these data are oh a different time basis than those shown on Table 1. V Not included in business loans on revised basis. jy Includes CCC certificates of interest which are estimated to have declined $166 million. \o/ Includes CCC certificates of interest which are estimated to have declined $60 million. Not for publication Table 3 Changes in Commercial and Industrial Loans 1/ 2/ (In millions of dollars) "~ Business of Borrower Last We dnesday in December to last Wednesday in May -1961 Food processors Commodity dealers Trade concerns Total Sales finance -1*81 -255 -162 -898 1957 1956 1955 1951* -658 -278 -170 —1,106 -1*71* -1*73 -50 -997 -327 -290 +206 -1*11 -511 -1*00 +103 -808 -l*7l* -327 • -1*3 -81*1* -15 -911 +51 -381 . +350 -21*2 I960 1959 1958 -536 -585 +355 . -766 -1*02 -307 +261 -HW £/ -161 +878 +669 +10 +61j0 +966 +107 -271 +115 + 86 +222 - 35 +175 -115 +78 -171 +107 +89 +176 +251* +180 +277 +50 +8 +120 -360 + 39 +261 -159 + 51* +156 -336 +51 +101 -250 +27 +117 +162 —1*0 +261* +11*3 +31 +109 +11*2 +70 -23 -58 +53 +281 +123 -3 -9 -ll*0 +62 +92 +1*3 Classified Unclassified -7i*7 + 70 +577 +132 +133 +115 -2,232 -2it5 -11 -176 +1,105 +56 +518 2/-300 h/-2h2 Total change 6/-677 +709 +2W -2,1*77. -187 +1,161 3/+218 V-l,52( Total change excluding sales finance 6/-677 +709 +263 -1,566 -238 .+1,51*2 2/-132 3/-l,281 Metals and products Textiles, apparel and leather Petroleum, coal etc# Other manufacturing and mining Public utilities Construction All other types of business 1/ \2j 3/ U/ '%/ %J -1,281* Prior to week ending January 11, 1956# includes changes in agricultural loans, At weekly reporting banks. Includes GCG certificates of interest which are estimated to have declined $1*70 million. Include CCC certificates of interest which are estimated to have increased $65 million. Not included in business loans on revised basis. Business loans increased # 0 0 million between December 28 and December 31; therefore these changes are not comparable with those on Table 1 which are from December 31 Not for publication 1. u« 3 «e 1 0 Table U Estimated Changes in Deposits and Currency (In billions of dollars) Item Seasonally adjusted data 1/ Demand deposit component Currency component Total Seasonally adjusted data 2/ Demand deposits adjusted Currency outside banks Total Seasonally unadjusted data 2/ Demand deposits adjusted — Currency outside banks Total Time deposits Commercial banks Mutual savings banks U. S. Government deposits Total Factors affecting deposits and currency Bank loans and investments other than U. S. Govt. sec. k/ Commercial ™* Mutual savings Bank holdings of U. S. Govt, securities: Federal Reserve Commercial Mutual Having and other Gold stock and foreign deposits at F. R. Banks Other factors 1961 I960 1959 1958 1957 1956 Last half of Anril tn last half nf Mav -0.2 -0.1 ^loO _3Z_ -1.1 +0.7 +0.1 +0.1* +0.1 -0.1 +0.7 To3 - f Last Wednesday of April to last Wednesday of Mav 5>/"l»0 ™ +0.3 5/^7 V-3oO " +0.5 5/^3 V+2.9 ~ +0.1 +2o7 -1*9 jL- ~10 9 =3 • 8 +0.2 +0.3 +0.3 3/ +2. h +0.2 Jd+0.2 +0.5 +0. -1.8 +0.2 -2.5 +0.5 +0.6 +oij +0.1 +0.6 5/+37T -0.9 (signs indicate effec +1, + lc "27" A0'2* fcs -0,1 on deposi and currency) -0.3 =o3 +0.6 *o3 +0 = +0.3 +0.2 ~0.7 +0.7 —0 0 6 +0. ii -0.1 —0 014. +0.3 —10 0 Y 3/ 5/+Te0 =0 0 6 +0.2 -0. U ,2 .6 —0.1). —0.2 -0.2 3/ +0.3 -0«i|. +0.6 T O +0.3 -0.7 +0.1 -0.9 3/ +0.1 3/ T7 Averages of daily figures. 2/ Seasonally adjusted data are for last Wednesday throughoutj unadjusted data are for last Wednesday except in case of June and December call dates, when available. 3/ Less than $>50 million, k/ Total includes foreign loans on gold, holdings of bankers' acceptances at the Federal Reserve, and loans to foreign banksj changes in these items are generally relatively small. Even if there were no changes in other items, changes at commercial banks exclude all interbank loans, domestic and foreign, while total loans exclude only those to domestic banks. In addition there is some lack of synchronization in reporting asset and liability items used in computing "loans net." 5/ ® u e to the reclassification of deposits of foreign central banks, demand deposits adjusted were increased by about $1*00 million and time deposits by about $1.5 billion; deposits of banks were reduced by about $1.9 billion. Not for publication - 11 - L. it. 3 Table U Estimated Changes in Deposits and Currency (In billions of dollars) Item Seasonally adjusted data 1/ bemand deposit component Currency component Total 1961 +1.5 -0.1 +mr I960 -2.0 +0.1 -1.9 1959^ | 1958 +1.6 +0.3 +1.9 +1.5 +0.1 +175 1 to 5/+1.3 +0.3 5/+I75" -2.7 +1,7 ^ 7 + 0 +1.6 +0.1 +1.7 Seasonally unadjusted data 2/ Demand deposits adjusted ~~ Currency outside banks Total Time deposits Commercial banks Mutual savings banks U. S. Government deposits Total 5/-U.5 ~ -1.0 =hl Factors affecting deposits and currency Bank loans and investments other than U. S, Govt. sec. k/ Commercial Mutual savings Bank holdings of U. S. Govt, securities: Federal Reserve Commercial Mutual saving and other Gold stock and foreign deposits at F. R. Banks Other factors m -7.7 -9.0 +0.8 +0.6 +0.3 +0.1 -0.1 £ May " —0.7 +0.1t -0.3 —0. It -7.0 +3.5 +3.0 + 2.2 +I7F +0.1t +0. It +0.2 io3 JL -6.6 -It. 8 -0.6 1956 -0.1 0 kind of December t 0 last We i Seasonally adjusted data 2/ Demand deposits adjusted Currency outside banks Total 1957 -5.7 +1.2 ?o3 +0.8 +1.8 ~ +0.7 +0.6 -1.2 +0.8 +1.3 —6.3 5Ao3 -2.2 ^ 3 (signs indicate effect on deposits and currency) +0.Il +0.9 +0.2 +0.2 +0.8 -0.1 +0.5 -0.1 • -0.lt !?/+0.6 +3.3 +3.2 # 3 +0.6 +1.3 +1.0 -4.1 -0. It —3»8 +lt.6 -3.6 -1.9 -1.5 -0.2 —0.1 +0.6 -0.7 +0.2 —l. 2 +0.1 +0.1 +0.8 -o.lt -1.3 -0.2 +5.0 -0.2 -1.1 —2. It +1.1 -it. 3 1/ Averages of daily figures. 2/ Seasonally adjusted data are for last Wednesday " Throughout; unadjusted data are for last Wednesday except in case of June and December call dates# when available. 3/ Less than $50 million. It/ Total includes foreign loans on gold, holdings of bankers' acceptances at the Federal Reserve, and loans to foreign banks; changes in these items are generally relatively small. Even if there were no changes in other items, changes at commercial banks exclude all interbank loans, domestic and foreign, while total loans exclude only those to domestic banks. In addition there is some lack of synchronization in reporting asset and liability items used in computing "loans net." 5/ Due to the reclassification of deposits of foreign central banks in.May 1961 demand deposits adjusted were increased by about fljOO million and time deposits by about $1.5 billion5 deposits of banks were reduced by about #1.9 billion. 6f In January and April 1959j as a result of bank structure changes, demand deposits adjusted were increased by about #200 million-and time deposits by about $500 Deposits at.mutual savings banks were reduced $300 million. million. http://fraser.stlouisfed.org/ Not forBank publication Federal Reserve of St. Louis L.It.3 — 12 " Table 5 Ratios to Total Deposits 1/ L 0 AN S Date 1916: #0-91*7: 191*8: 191*9: 19#: 1951: 1952: *L953: 1951*: 1955: 1956: 1957: 1958: 1959: I960: • # Dec* Dec, Dec. Dec. Dec, Dec. Dec* Dec. Dec, Dec, Dec, Dec, Dec, 111 co'fnmerclal Total banks 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 23*7 28,2 31,3 30,9 36,1 37.6 39.9 1*1,1 Member banks Central reserve cityl Reserve Country New York Chicago city [ 27.7 31.0 35*9 3lii.9 1*2.5 1*6,3 50,6 50,6 1.6,8 1*5.8 1*0,7 1*6.7 50.1 1*8,1* 1*9.1* Oct, 28 Nov, 25 Dec, 31 53,6 51**1* 51*,o 51*. 9 55.8 55.6 66*6 Jan, 27 Feb . 21* Mart 30 Apr, 27 May 25 June 29 July 27 Aug, 31 Sept,28 Oct* 26 Nov. 30 Dec, 31 5W 55, 56 a 56, 55.9 57.1 58.0 57.7 58:3 58,5 57.5 58.0 57«6 56.7 67.1* 69.1* 69,1* 1961: 1*8.8 1*9.7 56*8 57.1 56.2 56.6 56,3 55.3 55.1* 55,1 51.0 56.8 56,5 56.7 61.7 61.9 57,7 69.5 67.3 67.6 68,0 67,1* 66*9 67.7 66,0 65.5 3/ 66,0 " 65.9 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* 56,6 56,2 58,2 58,2 26,0 31.1 33.1* 32.1* 38.1 39,1* 1*1.1 1*2,2 1*1,9 1*8.5 52.7 53.3 51.3 57.5 58.1* 58.2 62.7 61*. 5 58,7 60.lt 61,1* 63.2 61.7 6i;7 61,9 60,5 62,0 63.8 61.1 61.1* 61.1* 60.3 60.8 61,1 61.0 60*6 59,1* 59.7 59,0 18,9 23,1* 27,1 28,5 31.5 32,1 33*9 36.1 37,1 1*0.7 1*2.6 1*1*. 1 1*1*, 1* 1*8.0 1*8.1* 1*8,2 1*8,8 1*9.1* 50.3 50.6 51.1* 51.7 51.1 51.6 51.5 5b,6 3/50.1* 50,3 U.S. Govt, securities maturing within one year "AIT commercial banks 1 11* 11* 11* 19 15 9,8 11,7 16.9 io;o 5.1 7,5 8J4 8.3 5.9 6,1 6,7 6,6 5-5 1*»6 i*;9 1*»1* 1*,1 5.2 5.It 6,1* 7.7 8.1 8.1 Jan, 25p 51*«5 55*8 62.7 58.8 58.8 50,1 8,5 Mar, lp 56,8 55.5 65.8 62.0 1/59,7 50.5 8,9 Mar* 29p 55,8 57.2 65,0 61*, 7 g/6o*2 5/51.0 8,1. Apr, 26p 55.6 56*9 65.3 62,1 ~ 51.0 9.3 56.9 55.7 65,1* 58,3 1 51.6 T7 m "x iMav n — -31P ^ ^ 1 59:3 i p-L.u n.a, / 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/ 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, 3/ Data not strictly comparable with previous figures as one large country bank merged with a central reserve city bank, h/ Includes merger with nonmember. 5/ Reserve city • banks reclassified to country banks, n.a. Not,available. LeU»3 - 13 - Table 6 Free Reserves and Total Reserves Held (Based on averages of daily figures; in millions of dollars) Total reserves held seasonally 1/ adjusted All Central reserve city Reserve ter Country member Hew York Chicago city member Free reserves (excess reserves minus borrowings) Date Mionthly averages: - 1958: 1959: Dec. Dec, I960: J an f Feb» Mar, Apr, May June July Aug, Sept Oct* Nov. Dec, 1961: hi 80 - i|25 - 88 50 1 31 360 361 219 195 33 a m 16 120 2hl ia 3 695 517 i 197 14t9 : I 268 237 18,602 - 90 - 126 - 152 - 100 139 ! 381 252 251 173 257 197 18,691 18,360 1.8,228 - 26 26 k76 9 hhh 22 182 190 1W 120 20h - 128 \ 290 - h h 29 1 60 566 U9 - 59 - 39 *» 38 5 •» 2 3h 10 681 | " 32 - 10lt - 3 27 2 9 189 6llt Jan* Feb, Mar. Apr* May . ! 109 62 | I4I4. .1 2 38 80 375 1*61* 1*83 546 596 89 583 510 10 h31 18,671 18,10k 18,276 18,275 18,389 I8,it61i 18,750 18,915 19,097 19,031 19,119 19,112 19,013 18,879 18,879 5 35 39 20 U71 Uii.1 2 22 651 n»&« 52 13 3k 1 65 293 431 513 m n?ci* n*ci* hll n,a* 33 161 425 n, a * n.a. h Weekly averages: ! 1961: April 26 | 69h ! Hay . 3 10 17 j 1 ' W5 I 412 + 2h 31 # June 7 lit i | j h27 ! 198 i 522 20 ! :; 53 ; 16 . 8 3 5 1 2 2)i . 3 -27 i- m i 12 508 58Ji 55 . ——- - - - ' 'c* t y VAXJ.v.* u uiio a x e 1 5 - 1 j 98 n*a* c;jujuiua.ua,jl y 4 1/ Data have been adjusted to exclude effect of changes in reserve requirements# Not for publicati on L.li.3 — 11* — Table 7 Changes in Member Bank Reserves, with Relevant Factors (Monthly average of daily figures; in millions of dollars) January -• May 2/ Year ending May May Item 1961 I960 I960 1961 1961 i960 Member bank reserves Required reserves 1/ Effect of change in requirements Effect of deposit change Excess reserves 1/ Total reserves held 1/ Cash allowed as reserves 1/ Reserve balances ~~ + 1*0 + 7h + 1*0 + - 78 + + - - 209 - 680 + 536 — 362 7i* - 209 - 680 + 5 + 531 - 362 61 - 228 - + + 38 +135 - 1*37 - 693 + 607 - 3l*i 16 51* + 16 + 119 - 170 - 267 - 27 - 666 +2,11*9 -1,51*2 + 277 - 618 + 172 - 152 - 395 + 603 - 360 ——— Total reserves held, seasonally adjusted Effect of above factors on reserves 71 21 (signs indicate effect on 1'eserves) Principal factors Currency in circulation Gold stock and foreign accounts Treasury operations Federal Reserve float 3 / Other factors 3 / ~" 13 — - 97 - 12 +1,009 +I,0li9 - 285 + - 9 1*2 21 6 + - 39 29 39 25 - 512 + 76 - 51*6 + 211* + la + 10 - 383 + 275 -1,970 + 11*2 + 92 - 57 + + + - 157 - 86 + 2hl + 992 -2,078 - 235 + lOli + 205 - 507 -1,658 + 538 - 383 + + + - 72 59 12 6 + 329 + 32l + 5 3 - 501 - 1*1*8 - 53 - 13 -1,218 -1,295 . + 78 - 31 + 929 +1,025 - 96 + 10 - 102 - 185 + 83 + 1 + - 39 1 - 100 - 21 + - - IjOl* - 1*06 - 265 - 17 - 235 781 375 108 298 Federal Reserve loans and investments: Total U. S. Govt, securities Outright Repurchase agreements Acceptances Discounts and advances: To member banks To others 9 2 5 + 5 1/ Preliminary for May 1961. ?/ Computed on daily averages for December and May. 3/ Beginning February I960> data are on new basis excluding collected funds. Not for publication 1^ Table 8 L.lt.3 Liquid Assets Held by the Public — Seasonally Adjusted Series (Amounts in billions of dollars; ratios expressed as percentages) End of year or month Demand Personal-type savings U. S. Govt Total deposits Total Savings U. S. securities adjusted personal- Time deposits liquid Govt, maturing type adjusted 1/ and and assets savings within one loan currency . savings Commer- Mutual (2+3+8) outside (ii+5+6+7) cial savings shares bonds year 5/ banks banks 2/ banks 1/ 3/ V 3- z 1950 1951 1952 1953 195U 1955 1956 1957 1958 1959 1960 Jan. Feb. Mar, Apr. May June July Aug. Sept Oct. Nov* Dec. 1961 271.8 281+.0 296.2 308.3 318.0 330.3 339.9 351.7 368.9 388.7 389.2 389.1 390.lt 390*5 386.7 388.7 388.8 390.3 392.7 39k.0 393.7 396.0 111+.6 120.2 121.1 126.6 130.0 133.5 13k *5 133.6 138.8 11+0,2 ll+O.O 139.1 139.5 139.lt 137.5 138*0 138.6 138.6 138.5 139.9 138.8 139.2 Jan. 398*1 11+0.7 ; Feb. 1+00.8 139.it Mar. iito.it : 1+03.9 Apr. 406.8 14-1.5 http://fraser.stlouisfed.org/ i'or footnotes see other side. Federal Reserve Bank of St. Louis 129.0 132.7 lit0.6 11+8.6 158*1 I66.lt 17U.1 182.8 196.7 20lt.lt 20lt.l 20lt«5 205.3 205.8 206.5 207*7 209.2 211.0 212.6 36.3 37.8 lt0.6 1+3.6 lt6»8 1+8.5 50.7 56.lt 63.lt 66.2 65.7 65.7 65.9 66.0 66.1 66.8 67.5 68.6 69.3 21b,2 70.0 217.7 71.1 71.7 216.0 219.3 221.lt 222.7 224.0 72.2 73.7 7lul 74.8 23.0 23.6 25.2 26.7 28.5 30.0 31.6 33.0 35.1 35.9 35.8 35.8 36.0 36.1 36.1 36.1 36.lt 36.lt 36.6 36.8 36.9 37.1 37.3 37.3 37.5 37.6 llt.O "16.1 19.2 22,8 27.2 32.0 37.0 ltl.7 ! U7.7 I 51,3 i 51.9 I 55.U! 56.0! 57.7 | 58.3 59.1; 59.7 60.5' 61.1: 61.8: 62.6 63.2 63.9 64.5 55.7 55.2 55.6 55.5 55*6 55.9 51.8 51.7 50.5 I18.0 1+7.7 1+7.6 1+7.1+ 1+7.2 1+7.2 1+7.1 1+7.0 1+6.9 liJ.O 1+6.9 )46.9 1+7.1 1+7.2 1+7.2 1+7.2 47.1 T 28.2 31.1 31.5 33.1 29.9 30.1+ 31.3 35.3 33.1+ Itl+.l 1+5.1 L5.5 1+5,6 1+5.3 1+2.7 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 *h) product 6/ (9 + 1) 10 150.9 158.0 161+.7 170.2 176.8 182.0 185.2 190.0 202.2 206.1+ 205.7 201+.8 205.1+ 205.1+ 55.5 55*6 55.6 55.2 55.6 55.1 51+.5 51+.0 51+.8 53*1 52.9 52.6 52.6 52.6 1+1.6 203.6 201+.8 206.1 207,2 207.8 39.9 38.9 39.1 209:9 209.9 210.9 52.7 52.7 53.0 53.1 52.9 53.3 53.3 53.3 38.1 212.9 213.1 21U.5 216.3 53.5 53.2 53.1 55-2 1+3.0 i+0.7 1+0.0 1+0.8 41.3 80.0 # $ # # * # # * * # # p Preliminary. l/ 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 3,0 and December ?1 when call data for these dates were available. 2/ Includes savings deposits in the Postal Savings System. j/ 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. bj Includes all types of savings bonds held by investors other than banks and U. S. Government agencies and trust funds. 5/ 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, nbnmarketable Treasury savings notes with maturities up to 2k months; figures include holdings of insurance companies, brokers and dealers, State and local governments, nonbank corporations, corporate pension funds, nonprofit institutions, foreign accounts, and individuals; prior to May 1953 includes securities callable , within one year. 6/ 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. 16 Table 9 L.4.3 Money Supply (Averages of daily figures. Semimonthly period 1954—Dec. 19#—Dec. 1956—Dec# 1957—Dec. 1958—Dec . 1959—Oct. Nor. Dec. 1960—Jan. Feb. I! s81 (2) (1) (2) (l) (a) (1) (2) Mar. (1) (2) Apr. (1) (2) May (1) (2) June (l) (2) July (1) (2) Aug. (1) (2) Sept. (1) (2) Oct. (1) (2) Nov. (1) Dec, 1961—Jan. (2) (1) (2) (1) (2) Seasonally adjusted temand CurTotal deposits rency Without.seasonal adjustment" 132,0 134.7 135.7 138.5 lilO.il 139.3 liiii.9 136.6 132.5 l&O.9 142, 112, 142, 27.il 27.8 28.3 28.3 28.6 10ii.6 106.9 108.3 107.2 112.3 Total 112.2 111, 11*1, 29.0 29.0 29.0 28.9 28.9 28.9 113 113 113 113.2 112.6 112.6 lii2.ii 11*3.3 lil3oit lllil.il lii5.ii 111.3 Hi.3 29.0 28.9 112 0I1 112.3 145.2 143.6 111.9 111 08 111.3 111.3 111 06 139.6 lliO.O 138.6 139.6 lilO.9 139.0 137.0 lh2< liilol 140.9 140.8 liiO .3 IliO »3 UtO.f 11*0.2 139.6 139.ii 139.ii 139.6 139.7 139.7 139.8 liiO 3 lltO 140 0 2 m * liiO 6 139 9 140 .3 140.5 140.2 141.0 Feb. lltl.3 141.1 Mar, 141.1 142.0 Apr, li*l»7 11*2.3 May (l)p 142.0 141.9 me. http://fraser.stlouisfed.org/ 1/ At all commercial banks Federal Reserve Bank of St. Louis 8 In billions of dollars) 28.9 29.0 29.0 29.0 29.1 29.0 29.0 29.0 28.9 28.9 28.9 29.0 29.0 28.8 29.0 28 o9 29.0 29.0 29.0 29.0 28,9 29.0 28.9 29.0 28.9 28„9 29.0 29oO 29.0 29oO 29.0 28.9 112,2 111.2 110.5 110.5 110.5 110.6 110.7 110.7 111.0 ill.3 nio6 111.0 112*2 111.6 110.9 lll.il 111.5 111.3 112.0 112.ii 112.1 112.1 113.0 112.8 113.2 113.0' -2Ui 141.8 138.2 137.9 138.2 139.3 139.6 138.2 139.9 139.6 139.8 liil.ii llllo? llilo2 113.3 liili.ii liiii.O lii3.ii 11*2.0 139.6 lilOol 11*0.0 140.9 1.1*2 o I* ,11*0.8 139.2 p. Cur- rency deposits 27.9 28.3 107.9 28.9 29.2 110.lt 115.7 29.1 28.9 113.0 113.5 114.1 114.1 28.8 29.2 29.2 29.5 29.5 29.1 28 28 28 28 28.6 28.9 28,6 28.8 28.7 29.0 28.8 29 0 >3 29.»0 29o« >2 28.9 29.2 28.9 29.2 29.0 29.2 2 9.3 29.5 29.6 29.1 28.£ 28.6 28.5 28*7 28 28.8 28.6 28.8 preliminary 110.2 111.6 115.0 116.0 116 115 113 111 111 110 HO 112.3 110.2 108.3 109.2 109.1 108.9 110.3 110.4 109.3 110.7 110.7 110.6 112.4 112.4 in.9 113.7 114.8 114.9 114.8 113.3 111.1 111.5 111.4 112.1 113.9 111.9 110.6 ,17 Table 10 ~ Deposits and Currency (In billions of dollars) Loll. 3 <11 — J i l Year or month U I Seasonally >nally s adjusted Money supply 1/ CurDemand Total deposits rency outside (2+3) adjusted banks (11) (12) (10) (8) (9) (S) (6) (7) (U) Seasonally Total < Time deposits adjusted Cur- deposits U. S. Demand money and rency Govt, supply and deposits Total Commer- Mutual Postal deposits outside currency time dep. adjusted (7*6*9) cial banks $+6+10 savings savings 2/ at comm. •H) banks(l+7) End of Dec, 21U.8 2.1 27.9 5.1 106,6 I16.8 26.3 176,8 130.0 103.1 26.9 75.3 195U 221.0 28.3 28.1 I t . I t 1.9 I18.I1 109.9 78. I t 181.9 106.1 27.li 133.5 1955 226.lt 28.3 3 0 . 0 50.6 82.2 I1.5 185.1 111*1 107.1 27 .U 13b.5 19# 232.3 28.3 li.T 110,3 89,1 56.1 1.3 31.7 189.7 105.8 27.6 133.6 1957 28.7 2U7.5 1.1 63.2 202,0 3U.0 U.9 98.3 115.5 138.8 110.7 28*1 1958 1959: 2U7.6 29.1 1.0 100.3 5.1 20k.8 113.1 6U.7 3U.6 11+0.1 111.8 28.3 Nov, 25 252.lt 29.lt 101.8 5.8 0.9 206.1 112.0 28.2 65.9 3U.9 115.U llt0.2 Dec. 31 3/ I960: 2lt7.3 101.0 0.9 27.9 llluO U.lt 65.2 205*2 lltO.O 28.3 111.7 3U.9 Jan. 27 28.0 2lili.9 101.2 0.9 110.8 28.3 110.5 65. It 20U.5 3li.9 5.3 139.1 Feb. 2k 28.1 2ltlt.2 66.0 0.9 108.8 102.2 5.2 111.1 28.lt 205.5 35.3 139.5 Mar. 30 2U7.0 66.2 35.2 27.9 0.9 102,3 111.5 205.6 111.2 28.2 5.3 139.it Apr. 27 28,1 2U6.1 102.6 0.9 66.5 28.2 20k,o 7.7 107.7 35.2 109.3 137;5 May 25 0.8 28.3 2U7.7 7.8 103.6 107.8 67.li 205.U 138.0 109.9 28.1 35.U June 29 28.lt 2U9.6 7.0 110.1 10U.2 206.5 110.3 67.9 138.6 28.3 35.5 July 27 2I18.8 0.8 6.2 28.5 68.9 108.9 105.3 110.3 35.6 28.3 207.5 138.6 Aug. 31 251,8 0.8 8,2 28.3 106.0 69.I1 110.3 28.2 109.3 207.9 35.8 138.5 Sept 28 0.8 25U.O 28.3 6.7 106.7 70.0 112.2 28. It 209.9 111.5 35.9 139.9 Oct, 26 6.1 0.8 28.7 253-5 208.8 106.7 70.0 110.6 28.2 111.9 138.8 35.9 Nov, 0.8 259.6 6.7 210.6 29.U 111.0 108.5 28.2 71.lt 115.1 36.3 139.2 Dec* 1961: 28.0 255.7 0.8 lt.l 109.0 28.li 212.li lilt. 7 71 .7 112.3 36.5 1U0.7 Jan. 25p 28.2 256,0 110.6 6.5 36.6 0.7 110.7 110.9 28.5 212.7 139.lt 73 .3 Mar. Ip 255-1 28,0 111/ 3 7 . 0 112.1 110.3 0.7 28.3 211i.6 L.9 UtOUt 7li.2 Mar. 29p 257.0 r 2 . 8 27.9 36.9 0.7 28.2 H 3 . 6 216.5 75.0 113.3 26p Apr. 28.4 260.1 V 0.7 5.5 218.6 110.6V 115:64/ 77.8V 3 7 . 0 140.8 112.3 28.5 May 31p 11 p Preliminary. r Revised. 1/ Seasonally adjusted series begins in 19lt6 and is abailable only for last Wednesday of the month.; 2/ At commercial, savings and Federal Reserve Banks. 3/ Demand deposits were reduced about $lt00 million as result of a technical change under Regulation D amending the definition of such deposits. On balance in 1959, as a: result of structure changes, demand deposits adjusted increased $1*00 million, time deposits at banks increased $700 million, and time deposits at mutual savings banks declined $300 million. V Demand Digitized forcommercial FRASER deposit?; adjusted increased S400 million and time deposits at commercial banks increased $1.5 billion due to the http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis reel ossification of deposits of foreign central banks. Note: Data revised in accordance with Dec. 31, I960 call. 1.6 0.8 $ na.5 — 10 — L.U.3 Table 11 Loans and Investments at All Commercial Banks (in billions of dollars) Loaqs and investments Date 1954: 1955$ 1956: 1957$ 1958: 1959s Dec. Dec. Dec. Dec. Dec. June June Dec. 31 31 31 31 31 (old) (new) 31 1/ I960: Mar. 30 Apr. 27 May 25 June 29 July 27 Aug. 31 Sept.28 Oct. 26 Nov. 30 Dec* 31 1961$ Jan. Mar. Mar. Apr. May 25 1 29 p 26 p 31 p u. s. Other Govt, secur- Total securities loans ities - Busi- Real Securness estate ity Farm Consumer Nonbank financial AH instituother tions 155.7 160.3 164.5 169.3 184.4 184.2 184.2 189.5 69,0 61.6 58.6 58.2 66.4 6O.9 60.9 58.9 16.3 16.7 16.3 17.9 20.6 20.6 20.6 20.5 70.4 82.0 89.7 93.2 97.5 102.8 102.8 110.0 26.9 33.2 38.7 40.5 40.4 42.5 37.8 40.2 18.4 20.8 22.5 23.1 25.3 26.9 26.9 28.1 4.5 5.0 4.3 4.2 4.7 4.1 4.1 4.9 • 5.2 4.5 4.2 4.1 5.0 5.0 5.0 5.0 10.9 13.2 14.6 15.8 15.9 17.5 17.5 18.8 5.9 7.1 5*6 6.5 6.9 7.2 8.2 8.8 7.6 8.1 183.4 186.2 185.9 186.7 188.6 189.0 191.4 193.8 193.9 198.5 54.2 55.8 55.1 54.2 56.7 56.6 57.7 60.4 60.2 61.0 20.1 20.0 19.8 19.9 20.0 20.0 20.2 20.4 20.3 20.9 109.1 110.4 110.9 112.6 111.9 112.5 113.5 113.0 113.4 116.7 40.9 40.9 41.3 41.9 41.2 41.2 41.8 41.8 42.3 43.1 28.2 28.3 28.3 28.4 28.4 28.5 28.6 28.7 28.7 28.7 3.5 3.9 3.7 3.8 3.8 4.1 4.4 4.2 4.0 5.1 5.1 5.2 5.3 5.4 5.5 5.6 5.6 5.7 5.7 5.7 19.0 19.3 19.5 19.8 19.9 20.0 20.1 20.1 20.1 20.1 6.6 6.8 6.7 7.1 7.0 6.8 6.7 6.2 6.1 7.1 8.0 8.3 8.4 8.5 8.3 8.5 8.6 8.5 8.8 9.2 195.6 197.0 195.6 197.2 2/198.9 6I.9 61.3 59.7 6O.7 61.5 20.9 21.3 21.7 21.8 21.9 112.8 114.4 114.2 114.7 115.5 41.5 41.8 42.5 42.1 41.9 28.7 28.7 28.8 28.9 29.1 4.2 4.5 4.1 4.9 5.0 5.9 6.0 ; 6.1 : 6.1 6.1 20.0 20.8 20.7 20.6r 20.6 6.1 6.2 5.8 5.7 6.0 8.9 8.8 8.7 8.8r 2/9,1 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, gj Increase of $200 million due to reclassification of foreign interbank loans into other loans. Total loans are also affected by this same amount. HOTE: 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