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FEDERAL RESERVE BANK
of KANSAS CITY
^
MAR 21 1962
B
*^e3
— Research Library
BANKING AND MONETARY DEVELOPMENTS IN FEBRUARY 1962
Total commercial bank credit increased somewhat in February
whereas generally it declines. Total loans and holdings of State and
municipal securities rose more than usual, while holdings of U« S«
Government securities declined. The seasonally adjusted average money
supply declined slightly between the second half of January and the
second, half of February* Seasonally adjusted time deposits at all
commercial banks continued to show rapid growth® Required and excess reserves of all member banks declined; borrowings from the Federal
Reserve were about unchanged*
Bank credit# Total credit at all commercial banks increased
$600 million in February* about the same as in February last year (after
adjustment for purchases of consumer installment receivables from Sears
Roebuck of around $1 billion) and in February 1958* In most other recent years credit has declined, often substantially. Loans increased
$1.5 billion, much more than in February of any other recent year (after
allowance for the Sears' transaction in 1961). However# this year's
rise reflected in part a sharp rise in security loans late in the month*
Holdings of State, municipal, and other securities rose $U00 million,
the same as in February last year when these holdings were expanding
rapidly, and more than in any other year* Much of the rise probably
reflected delivery of newly-issued municipal securities purchased in
January when time deposits were increasing substantially in connection
with rate increases* Holdings of U* S* Government securities declined
$1*2 billion in February, about in line with the average reduction of
recent years*
Credit
banks in leading
total loans were
All the increase
banks* Holdings
increased contraseasonally at both weekly reporting
cities and at other banks in February* Increases in
larger than in any other year at each group of banks*
in holdings of municipal securities occurred at city
of U* S. Government securities declined generally*
Business loans at all commercial banks increased $300 million
in February, not too different from growth in most other years of economic expansion. So far in 1962, net seasonal repayments by business borrowers have fallen short of the December rise; in contrast, in many
other recent years, there has been a decline in outstanding business
loans over this period* Loans to metals companies, which had begun
to increase in late January, rose further in February but not as
substantially as in 1956, 1959, and I960* Loans to textile processors
and to trade concerns increased seasonally in February while those to
public utilities declined* Repayments by food processors were about
seasonal but those by commodity dealers were smaller than usual*
Not for publication
• 2 »
Security loans at all commercial banks increased $700 million
in February. Loams to U. S. Government security dealers increased early
in the month in connection with the Treasury exchange offering on the
15th# but subsequently declined. They rose substantially again in the
last week of the month presumably associated with the Treasury advance
refunding operation* Loans to brokers and dealers for purchasing or
carrying other securities also increased sharply late in the month when
payments were made for AT&T debentures sold earlier.
Loans to noribank financial institutions declined further in
early February and outstanding loans were at about the same level as in
late November prior to the year-end rise. Subsequently in February,
these loans increased to slightly above the late January level. Real
estate loans continued to rise moderately while those to consumers showed
little further change. Agricultural loans increased further in February
following a larger-than-usual rise in January. These increases reflected
in part CGG guaranteed loans on cotton, which had not been under loan
much in the past two years, and on com, where the market price recently
has been considerably below the new support price. In addition, the
rate allowed on CCO loans was increased last fall and banks are finding
these loans relatively attractive.
Deposit ratios* The ratio of total loans to total deposits at
all ccramercial banks increased from 5U.2 per cent in January to 55.0 per
cent in February, somewhat above the levels of late 1961. The ratio of
U. S. Government securities maturing within one year to total deposits
increased slightly to 10*9 per cent in January. (Data for February not
yet available). Bank holdings of short-term securities increased only
slightly in January as acquisitions of new Treasury bills at the midmonth were about offset by sales at other times.
Money supply* The daily average money supply, seasonally
adjusted, declined $100 million between the second half of January
and the second half of February, following a #1.2 billion reduction in
the previous month. During the second half of February the money supply was about 2 per cent above its year-ago level. Growth in late 1961,
however, had been unusually rapid.
Time deposits at all commercial banks, seasonally adjusted,
increased $l.lt billion further in February, following a sharp $2.2 billion rise in January, when many banks increased rates paid on savings and
other time deposits. While the rate of growth in February (It weeks) was
somewhat below that of January (5 weeks) it was still larger than in any
month in 1961.
Not for publication
So far in 1962, about JLj.0 per cent of the total
billion
growth in time deposits at weekly reporting banks in leading cities has
been in savings deposits, about. hS per cent in other time deposits of
individuals, partnerships, and corporations, and most of the remainder
in deposits of States and political subdivisions e Growth in negotiable
time certificates of deposit (included in other IPC) has been substantial so far this year following reductions in these certificates in late
1961o Between the end of April 1961 (when savings deposit data first
became available) and the end of December 1961, almost 70 per cent of
the growth in total time deposits at city banks was ins avings deposits
and only 15 per cent in other time deposits of individuals, partnerships,
and corporations#
Deposit turnover* The seasonally adjusted annual rate of demand deposit turnover at banks outside New York City and other financial
centers declined slightly from 27*8 in January to 27.3 in February (revised series). Over the past two months, turnover has averaged about 7
per cent above the comparable period last year.
Bank reserves. Total reserves of all member banks declined
substantially in February, as is usual* Required reserves dropped about
flj.00 million and excess reserves about $100 million* Member bank borrowings from the Federal Reserve were unchanged and free reserves dropped to
an average level of $1|35 million compared with $535 million in January.
Most of the reduction occurred at country banks where free reserves were
lower than at any other time since the summer of I960. Free reserves at
New York City banks, which had been relatively substantial in January*
also declined somewhat in February. The effective rate on Federal funds
was generally higher in February than in other recent months. It was
frequently at 2-3/k per cent early in the month, somewhat lower after
mid-February, but high again in the last few days of the month.
During February on a daily average basis, reserves were absorbed
principally through a $520 million reduction in Reserve Bank float, bringing the outstanding level close to the usual seasonal volume* Float had
increased to a record level in December and remained at a higher-thanusual average in January* In addition, gold stock declined further in
February. Reserves were supplied principally by continued currency inflow*
Holdings of U* S* Government securities were reduced $135 million further*
Banking Section,
Division of Research and Statistics,
Board of Governors of the Federal Reserve System*
March 16, 1962„
Not for publication
L.U.3
Table 1
Estimated Changes in Loans and Investments at All Commercial Banks
(In billions of dollars)
Item
Total loans (less interbank)
Business (excluding nonbank financial
or sales finance companies) 2/
Nonbank financial
Sales finance companies
(Business (including nonbank financial or sales finance companies))
Real estate
Security
Agricultural
Consumer
All other 2/
Last Wednesday of Jan. to last Wednesday or Feb*
1961 6/ I960
w
i w r
" W
i m
+1.2
+0.3
+0.1
3/
!|/+1.6
+0.7
+0.1
+0.1
+0.2
+0.3
+0.1*
+0.1 -0.2
+0.2
3/
3/
+0.1
hZ+Oak U/+o.Ii
+0.2 " 1/
+0.7
+0.2
+0.3
+0.1
5/+0.8
¥, "" -0.1
+0.1
5
+0.1
&
-o.i
*${l
ee>
0e2
+0.2
t£ul
+0.1
-0.1
+0.1
i f
-0.2
+0.1
+0.3
+0.2
-0.2
-0.1
+0.2
i
-0.1
U. S. Government securities
-1.2
—0.6
-1.8
-2.0 +0.6
Other securities
+0.1i
+0.1i
-0.2
y
—0.9
+0.3
+0.1
-1.3
-1.9
+0.9
—0.2
Total (less bank)
Item
Total loans (less inteitank)
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/
+0.6
5/+1.1&
Last Wednesday of Jan. to last Wednesday of Feb,
3HE
3SZ
1HE
3 B I "19^2 322L
+0.3
+0.1
y
+0.5
+0.2
**0*1
v,
•0.2
*0.1
-0.1
+0.1
+0.2
+0.2
Jfi
-0.2
-0.1
<£l
-0.2
+0.1
y
+0.2
+0.7
-0.1 +0.1
7/
-0.1
-0.1
n* 8io
2/
n.a.
v
+0.1
-0.1
V
+5.2
T/'
*5.1
-0.1
I ,
=0.7
U. S. Government securities
-1.7
—2.2
™1*2
—0.9
Other securities
+0.1
+0.1
+0*3
—0.1 +0.1
+0.8
+0.1
-0.1
y
-0.9
y
—0.9
-0.2
k)
Total (less bank
-0.5
-1.2 -1.7
ifc
l/ Less than $50 million,
n.a.—Not available.
Data are on revised basis
be;
eginning 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.
3f Included with nonbank financial, h/ Not strictly comparable with previous data
since all "nonbank financial are included rather than sales finance only. 5/ Includes
$1 billion increase due to purchaseof consumer instalment receivables from Sears
Roebuck. 6/ January 25-March 1, 1961. 7/ Ineluded in business and all other.
Jot for publication
Digitized for'FRASER
%
L.U.3
Estimated Changes in Loans and Investments at All Commercial Banks
(In billions of dollars)
Item
Total loans (less interbank)
Business (excluding noribankfinancial
or sales finance companies) 2j
Nonbank financial
Sales finance companies
(Business (including nonbank financial or sales finance companies))
Real estate
Security
Agricultural
Consumer
All other 2/
1962
1961 8/ l%o W r ^ J ?
1MB
-1.5 ,J -2.3
—1*9
-1.5
-2.6
-1.8
-1.3
-0.9
-0o7
"Oeii
-0.8
-1.3
-0.7
y
Xoh
•Ms K2
-1.2
+0.lt
=•0.7
1/
'+5.3
-0.2
—1.9
*0.1
-0.3
+0.3
-0.3
—0.3
£
•*2*8
-0.7
-0,7
y
y
5/-i.lt 5A2.2 5/-1.1
" +0.3
~ *0.1
•=0.6
—1.0
-0.5
• +0.5 +0.3
*0.1
+0.6
-0.1
+0.3
-0,3
-0.3
-0.1
y,
Ue S, Government securities
b
0o6
+0.3
-2.7
-0.9
*0.1
Other securities
+0.5
+0.1t
—0.1)
-0.2
*0.3
—1.6
7/-1.5
-5*2
"2.5
-2.2
Total (less bank)
Item
-0.9
Ju6
y
-3*b
End of December to last Wednesday in February 6/
1956
u s
3 H
12&
2 S E .£22-
Total loans (less interbank)
Business (excluding nonbank financial
or sales finance companies) 2/
—
Nonbank financial
Sales finance companies
(Business (including noribank financial or sales finance companies))
Real estate
Security
Agricultural
Consumer
All other 2/
™0«1
U. S, Government securities
Other securities
• •m r
-0.8
-0+2
-l*lt
-0«1
=0.6
-0.1
*0.It
—0.8
y
—0.5
-0.6
-0.7
1-0.1
*0.1
*0.1
=0*3
-Ool
-2.11
-2.2
"Ooli
+0.5
40.3
y
1/
*0.5
—0.7
*0.8
*0.1
n.a.
9/
•$.h
9/
•5.2
-^5
-0.3
*0.2
«0®6
-0.5
*0.2
-0.6
1/
*9.3
-1 oh
-0.3
9/
n.a.
•1.2
*0.2
V
"O.ii
-0.lt
¥/
-1.1
—0.2
-2.9
*0.1
y
-0.1
V
1/
Total (less bank)
,9
~l<>5
•2.1 -1.0
1/ Less than $50 million, n.a.—Not available,
Data are on revised basis'
be
nancial institutions. For previous
years, loans to sales finance companies at weekly reporting banks have been shown
separately to provide roughly comparable changes in business loans on revised basis.
3/ Total credit increased about # 0 0 million as a result of bank structure changes5
1250 million in loans$ $100 million in U. S. Govt, securities; and $50 million in
A+.her securities, k/ Included with nonbank financial. 5/ Not strictly comparable
with previous data since all nonbank financial are included rather than sales finance
only. 6/ Except for 1961, which is for December 2?5 dates are for December 31.
7/ Includes Si billion increase due to purchase of consumer instalment receivables
Trom
Sears Roebuck. 8/ March 1, 1961. 9/ Included in business and all other.
http://fraser.stlouisfed.org/
Mot for publication
"
Federal Reserve Bank of St. Louis
E
Table 2
L.U.3
Changes in $eaaas and Investments at Weekly Reporting
Mentoer Banks and Homrepei"
(fe b iffloos of
Last Wednesday in January to last Wednesday in February
»
1962
Weekly reporting banks
'
1961 3/
I960
1959
1958
1957
1/
Total loans
U. S. Government securities
Other securities
Total loans and investments
+1,0
-1.0
+0.14
+I.I4
-0.it
+0.3
+0.3
-1,2
+OT
—0*1
-1.3
-T73
+^9
+0.2
+172
i u
+0.1
TO
+0.1
-0.3
+0.1
—0.3
+0.2
Nom*0iqi'ting banks 1/
^ Total loans
U. S. Government securities
Other securities
Total loans and investments
+0.5
-0.2
1956
*
+0.&
—0.6
-0.2
TO
+0.2
-0.7
TO
Last Wednesday in January to last Wednesday in February
Item
Weekly reporting banks
+0.2
-0.2
+0.1
TO
1955
195k
1953
1952
1951
1/
Total loans
U. S. Government securities
Other securities
Total loans and investments
+0.1
-1.2
+0.2
—1*7
+0.1
"=T7IT
—0.1
—0*8
-0.1
-0.7
+0.3
"3577
^75
+0.1
+0.1
+0.1
—0.5
+0.1
TO
+0*6
-0.7
*
^Tonreporting banks
Total loans
U. S. Government
Other securities
Total loans and investments
+0.2
-0*5
+0.1
TO
+0.2
-0.5
—OeZl
=575
TO
2/
-0.2
-0.1
TO
+0.1
-0*2
2/
+0.1
-0.2
2/
TO
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
beai excluded from this tabulation.
2/ Less than $50 million.-3/ January 25-March 1, 1961.
http://fraser.stlouisfed.org/
Not for publication
Federal Reserve Bank of St. Louis
- 7 »
Table 2
L.li.3
Changes in leans and Tnveetaenta at Weekly Reporting
Nsnker
Banks and Nonreportjag
Nonreporting Bzmkg
r pamks
( a b iliions of dollar#;
1962
Weekly reporting banks
•
Last Wednesday in December to last Wednesday in February
Item
#
A
1961 3/
I960
1959
1958
1957
1/
Total loans
U. S. Government securities
Other securities
Total loans and investments
-1.7
-0.7
+O.I1
TO
-1.9
2/
<3.1
TO
-2.1
-2.2
-0.2
TO
-1.7
-1.2
-0.2
=33
-2.1*
+0.1
+0.3
—2.0
=0.9
TO
Nonr^iqiting banks 1/
#
Total loans
U. S. Government securities
Other securities
Total loans and investments
*
+0.2
+0.1
+0.1
TO
1956
*
+0.2
—0*5
-0.2
—Oob
U/+0.2
E/+0.3
V 2/
l|7+o«5
-0.2
-0.3
2/
—0.6
+0.2
-0.9
Last Wednesday in December to last Wednesday in February
Item
Weekly reporting banks
-0.lt
+0.3
1955
1951|
1953
1952
1951
1/
Total loans
U. S. Government securities
Other securities
Total loans and investments
-0.7
-1.9
2/
-1.8
-0.3
+0.3
=178"
-0.9
-1.5
=0.6
-0.3
+0.1
TO
+0.6
-2.9
TO
-0.5
-2.2
+0*3
TO
—0.1
—0.5
-0.1
TO
+0.3
2/
+0.2
TO
+0.b
=0.1
+0.3
+0.1
2/
-0.1
40.1
2/
+0.2
TO
TO
4
^Unreporting banks 1/
Total loans
U. S. Government
Other securities
Total loans and investments
4
Beginning 1959s 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. Also call report data for December 31,
1959 and December 31, I960 have been used.
Less than |5>0 million.
December 31, I960 — March 1, 1961.
Total credit increased about # 0 0 million as a result of bank structure changes*
$250 million in loansj $100 million in U. S. Government securities and $50 million
in other securities.
Not for publication
L.U.3
« 8 •>
Table 3
Changes in Commercial and Industrial Loans 1/
—
(In millions of dollars)
Last Wednesday in January to last Wednesday in February 2 7
1962
1961
1960
1959
1958
1956
1957
1955
Food processors
Commodity dealers
Trade concerns
Total
Sales finance
Metals and products
Textiles, apparel
and leather
Petroleum, coal etc.
Other manufacturing
and mining
Public utilities
Construction
All other types of
business
- 98
- 13
+• 66
TT3
V
+
+
+
- 68
23
3k
-158
66 . +108
n
y
y
- 70
-10k
+ 31*
—126
-125
- 50
•=m
- 90
- 7k
+ 29
=135
-100
+ It
+ 71
-101
- 70
+ 1*3
- 95
- w*
+ 30
-255
+ 69
+129
+ 86
+277
+183
+111
+138
+217
+ 38
+122
- h
+112
- 21
+121
- 29
+ 82*
+ 1*
+ 76
+ 1*
+ 81
-
+ 31
+ 1*8
+ 92
+106
+ 15
-109
+ k
+ 6b
-155
- 18
+ 57
—• 58
+ 8
+ 20
-128
• 9
+ 1*5
- 89
+ 1
+ k2
— 5o
-*» 8
+ 58
- 23
+ 10
- 9
+ 2
+ 1*8
+ 69
+ 15
-
9
+ 1*3
- 33
+ 13
+ 39
Classified
Unclassified
+161
+ 51
+216
+ 21
+277
+ 85
- 72
+ 72
-151*
- hO
+ 23
+ 32
+ 6k
+217
+ 12 3/+ 98
Total change
+212
+236
+362
"19k
+ 55
+ 76 3/+315
Total change excluding
sales finance
+212
+236
+362
-150
+ 25
+331
+ 95
3/+2li6
1/ Prior to week ending January 11, 1956, includes changes in agricultural loans.
!/ Data are for comparable four week periods throughout and therefore may not correspond
with data in Table 1.
3/ Includes CCC certificates of interest which are estimated to have declined $30
million.
h/ Not included in business loans on revised basis.
Not for publication
L.ke3
- 9 Table 3
Changes in Commercial and Industrial Loans 1/
' (In millions of dollars)
"~
business 01 Borrower
Food processors
Commodity dealers
Trade concerns
Total
Sales finance
weuaesuc
tissual
1962
1961
1960
-279,
- 28'
-153
-ii60
-238
-231
+ 25
-27k
-237 . + k0
fgfflpsr a
1959
1958
pflUfifiaay xn JJebr iarv £/
1957
1956
1955
-2k9
-152
- 27
-371
-168
-237
%775
-3kk
—Ik2
-205
-233
- 30
- 11
=27%
—2k6
-157
- 8k
•=1187
3/
3/
-301
-726
—156
-k78
+103
- 32
- k9
+kl9
+207
+ 71
+118
+316
+ k9
+lkk
-102
+10k
+ U9
+173
- 51
+ 90
- 87
+112
- 26
+ 61
- 27
+ 51
+ 93
+139
+112
•161
-37k
- 19
- 6
-223
- k3
+ ko
- 91
- 21
+ lk
-232
- 13
+ 23
-210
- 3k
+ 21
+ 50
— k6
+ 69
- 33
- 2
- 10
+ 2
t 12
+100
- 31
•106
- 82
-lkl
- 80
- 31
Classified
Unclassified
-669
- hi
-517
-111
- 27
-12k
—856 -l,6k7
-217
-355
-810
-167
-126
-255
- 95 k/- 56
Total change
-716
-628
-151 -1,073 -2,002
-977
-350 k/-l82
Total change excluding
sales finance
-716
—628
-151
-821
+128 k/-285
Metals and products
Textiles, apparel
and leather
Petroleum, coal etc.
Other manufacturing
and mining
Public utilities
Construction
All other types of
business
3/
-772 -1,276
+ 78
1/ Prior to week ending January 11, 1956, includes changes in agricultural loans.
"2/ First nine weeks of the year to correspond with 1962 period. Therefore, these data
may not be comparable with those shown on Table 1,
3/ Not included in business loans on revised basis.
5/ deludes CCC certificates of interest which are estimated to have declined #115
million.
Not for publication
#
L. it* 3
• 10 "»
Table it
Estimated Changes In Deposits and Currency
(In billions of dollarsj
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/
bemand deposits adjusted "
Currency outside banks
Total
Time deposits
Commercial banks
Mutual savings banks
Ue 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 saving and other
Gold stock and foreign
deposits at F. R. Banks
Other factors
1962
I 1961
| 1960
19#
1958
1957
Last half of January to" ast half of February
-0.3
+0.1
+0.1
-0.1
753
-0.3
3L
+0.3
3/
&
+0.7
40,2
Last ¥e<mesday of Jan. to . ast Wednesday*or reo. >/
+0.5
-l.it
753
^ 3
—2.2
-it.l
+0.1
+0.2
+1.8
THE
+0.2
+0.3
+0.1
-0.9
3/
+0.2
-3.5
4Q.1
+1.-7
6/713
+0.2
+57?
" +0.1
+0.1
+0.5
-2.5
—2.0
+0.1
+0.3
+0.2
-0.1
+0.1
= 0
+1.1
7175
+0.2
+2.1*
&
+1.9
+0.1*
wx
+0.1
K).l
757T
+0.2
+5Ht
+0.2
-2.1
=53
—1.8
-2.1
+0.6
-2.0
3^6
+0.7
TO"
+0.1
+1.3
-0.3
+0.6
753 .
=531
=13
(signs indicate effect on deposits and currency)
+1.9
+0.3
+0.1
-l.it
=072
-1.2
2/
—0*6
=571
—0.6
+0.1
3/
-5.it
-T.o
3/
1/
3/
-5.7
+0,1
+0.6
1/
-0.1
-0.7
+0.9
733
+0.2
-l.it
-0.9
3/
+0,1
-o.it
Throughout; unadjusted data are for last Wednesday except in case of June and December
call dates, when available. 3/ Less than $50 million, h/ 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/ March 1, 1961. 6/ Includes $700 million increase
in time certificates of deposit "Issued to Sears RoeEuck in exchange for consumer
instalment
receivables*
http://fraser.stlouisfed.org/
Not for publication
Federal Reserve Bank of St. Louis
L. ii. 3
11 «
Table k
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,
securitiest
Federal Reserve
Commercial
Mutual saving and other
Gold stock and foreign
deposits at F. R. Banks
Other factors
196:
1961
1960
1959 5/
1958
1957
Last half of December to last hair of February
—loll
+0,1
=13
+0,6
-0,1
—0.6
+0.1
+0.6
+0.1
+0oll
3/
+0.1
+0.1
Last vtednesday of December to last wednesday of Feb. e
"loii
+0.1*
•=5*5
=0.1
K3.3
=4-.£
*0.1
+0.9
-0.1
+ o
+0.1
-=0.1
"37"
3/
+5.2
i O
4.5
-li.9
=ii.2
-1.7
-0.9
=53
+1.8
-1.9
-2,6
=2.0
-1.9
+0oli
*0o2
+0.3
•0,1
*0.6
—3Lo2
—0.7
-1.5
+0o2
-0.2
W7t
+0.3
•*0,2
a
ho 3
=13
-2.7
-0.1
-1.8
-0.9
=3.8
+0.1
-0.1
+0.1
-1.8
=0.1
=1.1
=0oli
-1.1
+0.1
-0.7
—0.1
-r(k
-llell
-0.9
=53
° 0 o 6
+2.2
+0.1t
+1.3
+i.i*
7/50
+nz
+0.3 ~ +0o3
+0Oll
+0.2
-0.2
-1.1
-0.5
—loll
r
~ ~7\ M
=73
=cn
=53"
(signs indicate effect on deposits and currency)
-o, 5
-0.3
-1.2
-l.l
=1.0
-0.9
-0.9
-1.8
=H7
•o.U
3/
+0.ii
-0.1
Throughoutj unadjusted data are for last Wednesday except in case of June and December
call dates, when available. 3/ Less than $50 million. V
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." W As a result of structure changes in January 1959®
demand deposits adjusted increased $100 million; time deposits at commercial banks
increased fhOO millionj and deposits at mutual savings banks declined $300 million.
6/ March 1, 1961. December 31 except for December 27$ 1961. 7/ Includes $700
million increase in time certificates of deposit issued to Sears "Roebuck in exchange
Digitized forfor
FRASER
consumer instalment receivables.
•• 1 2 —
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/
1961s
April 19
26
May
3
10
17
21*
31
June
7
ll*
21
28
July
5
12
19
26
2
9
Aug,
16
23
30
Sept.
6
13
20
27
New York
Date 2/
1961
loo
Oct,
1*63
565
593
599
613
632
Nov*
Dec,
709
792
1,061
1,097
1,079
1,073
1*
1,139
18
25
1,160
1,11*6
256
255
268
267
1,11*9
1.151
1.152
1,163
1,166
21*8
2ii8
259
261*
262
1,11*2
1,091*
1,01*3
1,001*
267
258
250
251*
960
952
978
1,017
1,052
21*1*
21*3
252
267
270
1,102
289
296
307
317
11
1
8
15
29
660
1,00b
1,009
1,027
1,036
1,052
Chicago
22
61*1*
872
890
979
999
New York
6
13
20
s
I
27
1962 s
Jan®
3
10
17
2l*
31
Feb,
7
lit
21
28
1,150
1,113
1,11*1
1,197
1/ Reported by 9 banks in New York and 5 banks in Chicagoj prior to
September 8, 1961, 10 banks in New York reported but on that date
2 reporting banks merged*
2/ Data first reported as of April 19, 1961, for banks in New York
and October 1*, 1961, for banks in Chicago,
Not for publication
L.U.3
- 13 Table 6
Ratios to Total Deposits
e
U.8. Govt, securities maturing
within one year
All comMember banks
All
mercial
Central
reserve
city• Reserve
commercial
Total
Country
banks
New York
Chicago
city
banks
26.0
18.9
23.3
2/ 14.3
23.7
27.7
27.3
28.2
31.0
31.1
23.1*
2/ ll*.0
30.3
27.7
31.2
11*.2
27.1
31.3
30.b
33.1*
35.9
V
31.1
25.6
32.1*
3l*.9
28.5
30.9
19.2
V
38.1
36.1
1*2.5
35*8
32.3
31.5
15.2
1/
1*6.3
36.2
39.1*
32.1
9.8
37*2
37.6
1*1.1
50.6
38*9
39.9
39.3
11.7
33.9
1*1.1
1*2.2
1*0.5
50.6
39.1
36.1
16.9
1*6.8
1*0.3
1*0.7
1*1.9
10.0
38.3
37.1
1*5.8
1*6.7
1*6.3
1*8.5
1*0.7
56.7
5.1
1*8.8
61.7
5b.i
1*2.6
52.7
52.7
7.5
61.9
51.0
l*i*.l
19.7
55.2
8.I4
53.3
1*8 .It
1*9.1*
1*9.1*
l*l*.l*
51.3
57.7
8.3
5l*.o
58.2
1*8.2
6^.3
55.6
58.2
6.7
60.8
55.1
56.5
65.9
59.0
8.1
50.3
LOANS
Date
*L9li6s
TL9l*7s
1918:
19l*9s
1950s
1951s
*1952;
1953s
1951s
1955s
1956s
1957 s
@19582
1959s
1960s
Dec*
Dec.
Dec.
Dec.
Dec*
Dec.
Dec*
Dec.
Dec*
Dec.
Dec*
Dec.
Dec.
Dec.
Dec.
31
31
31
31
31
31
31
31
31
31
31
31
31
31
31
1961s
Jan.
Mar.
Mar.
Apr.
May
June
25
1
29
26
31
30
#
•
July 26
Aug. 31
Sept027
Oct. 25P
Nov. 29p
Dec. 27P
*1962 S: Jan. 31p
Feb* 28p
*
2/
3/
]*/
p -
51.5
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
65.1*
61.0
58.8
62.0
61*.7
62.1
58.3
57.1
51*. 8
55.1
51*. 7
5 W
51*. 7
51**6
55.7
56.1
55.7
55.3
55.7
55.6
62.0
62*8
63.6
62.9
63.5
65.0
51*. 8
57.1
56.6
57.9
57.7
58.1
58.0
58.6
57.9
57.7
58.3
57.9
51.3
51.3
50.7
50.2
50.5
5o.3
12.2
11.1*
11.8
11.1*
10.1*
10.7
51*.2
55.0
55.3
56.0
63.0
61*. 7
56.8
58.8
57.7
58,0
50.1
50.8
10.9
n» Be
58.8
50.1
3/59.7
50.5
H/60.2 l*/5i.o
~ 59.5 ~ 5i.o
51.6
59.3
58.9
51.8
8.5
8.9
8.1
9.3
9.8
10.8
within one year -estimated on basis of Treasury survey of ownership and total deposits
(adjusted to exclude cash items in process of collection),
Prior to 1951» data are on call basis and beginning in 195)1, they are on maturity
basis# On a call basis* data for 1951 and 1952 are 21.5 and 19*1 respectively*
Includes merger with nonmember.
Reserve city banks reclassified as country banks#
Preliminary. n„a» - Not available*
%Iot for publication
L.lt.3
*• lib. •
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
All
Central reserve city Reserve
member New York 1 Chicago city Country
Monthly
1950s
1959:
I960:
averages:
Dec#
Dec.
Dec.
1961:
1962:
Total reserves
held seasonally
adjusted
1/
TIT
member
— 1(1
-1*21*
669
- 80
-109
10
- 32
-10k
- 1*
-197
-1*1*9
80
268
Jan.
Feb..
Mar.
Apr.
May
June
695
517
1*76
562
1*53
51*9
26
26
9
60
- 22
1*0
- 29
1
- 1*
5
5
89
10
35
39
18
66
583
1*31
167
151
138
19,01*8
19,175
19,018
18,979
18,989
19,099
July
Aug.
Sept.
Oct*
Nov.
Dec.
530
537
553
1*1*1
509
1*21*
7
7
2
12
11*
- 50
56
1*1*
50
8
13
21*
1*67
m
1*99
1*1*6
1*91*
1*71
19,025
19,21*2
19,1*11
19,610
19,792
19,701*
Jan.
Feb. p
536
1*31*
1*1
11
-
2
3
17
22
1*76
l*0it
19,812
19,789
1*70
36
-
3
21
1*17
n.a.
381*
1*28
1*61
1*70
2
6
1*
36
w
1
- 16
9
- 1*
26
13
19
28
358
1*25
1*29
1*07
H • 8,e
n.a#
Weekly averages?
T9SI5
Jan. 31
Feb.
7
Hi
21
28
1
2
- 2k
- 13
- 22
237
583
510
18,1*91*
18,51*0
18,887
n.a.
NOTBs Data for February 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
L»U.3
- 15 Table 8
Changes in Member Bank Reserves, with Relevant Factors
(Monthly average of daily figures; in millions of dollars)
February
Item
•
January-February Year ending Feb*
1962
1961
-liOli
-260
-176
-217
+759
+552
-ItOlt
-260
-lt76
-217
+759
+ 5
+51t7
-lilt
- 90
- 71
-102
-152
+199
-518
-351
-517
-319
+607
+751
-239
-279
-168
-183
-20lt
-3lt3
-163
-156
+223
+381t
+2,166
-1,115
- 23
+127
+ 85
+288
+6llt
+7 h9
1962
1961
1962
• 1961
Member bank reserves
Required reserves
e
Effect of change in
requirements
Effect of deposit change
Excess reserves
#
1/
1/
Total reserves held
1/
Cash allowed as reserves 1/
Reserve balances
*™
e
Total reserves held, seasonally
adjusted
(signs iiidicate effect on reserves)
Principal factors
•
Currency in circulation
Gold stock and foreign
accounts
Treasury operations
Federal Reserve float
Other factors
Effect of above
factors on reserves
#
+Wt3
+it2lt
+1,106
+1,178
-1,006
-260
- 36
- 19
-517
- 38
-115
- ltd
-310
-106
-117
+ 60
-631
- 13
-491
- 5
-5Wt
+ 78
-630
, +250
+169
+ 77
-2,002
+ 97
+ 89
-185
-167
-155
+lt05
+216
-l,llt0
-2,261
-112
- 30
-7lt8
-371
+1,521
+81t6
-711t
-itl9
1
Federal Reserve loans and
investments:
#
e
Total
U. 8. Govt, securities
Outright
Repurchase agreements
Acceptances
Discounts and advances:
To member banks
To others
1/ Preliminary for February 1962#
#
Not for publication
-135
ZIGO
- 3k
- 2
- 2
+ 27
+119
- 5
- 30
+ 88
- 81
+ lt7
.
+121
- it
+ 50
+ 2
+1,717
, -192
- 3
- 69
+ Itl
+1,507
+1,311
+166
+ 11
-679
+ 7
•
#
•
#
#
•
-16-
L.lt.3
.
e
e
e
#
Table 9
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)
l
271.8
284.0
296.2
308.3
318.0
330.3
339.9
351.7
368.9
388.7
1950
1951
1952
1955
1954
1955
1956
1957
1958
1959
I960
Nov.
Dec.
1961
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.
1962
Jan.
^
Ratio:
Ratio:
Demand
Personal-type savings
Commercial Comnercial
Total
U, S. Govt
deposits
Total
bank demand bank deposits
liquid
Savings u. s. securities
adjusted personal- T ime deaposits
and time de+ currency to assets to
Govt,
adjuslted 1/
and
maturing
type
and
posits adj.
gross
total liquid
savings within one
loan
currency .savings Commer- Mutual
and currency
national
assets
shares bonds
outside (ij+5+6+7) cial savings
year j>/
(2 + It)
(9 + 1)
product 6>
banks banks 2/
banks 1/
3/
10
11
6
8
9
7
2
3
k
5
114.6
129.0
14.0
23.0
28.2
36.3
89.1
150.9
55.7
55-5
120.2
16.1
23.6
132.7
31.1
158.0
37.8
55.2
55.6
83.3
40.6
124.1
140.6
25.2
82.2
19.2
164.7
55.6
31.5
55.6
148.6
126.6
22.8
43.6
26.7
170.2 .
85.1
33.1
55.5
55.2
46.8
130.0
158.1
28.5
27.2
176.8
55.6
29.9
55.6
85.3
166.4
48.5
30.0
32.0
30.4
182.0
133.5
80.7
55.1
55.9
174.1
134.5
31.6
54.8
50.7
185.2
37.0
31.3
78.8
54.5
182.8
56.4
133.6
41.7
190.0
54.0
33.0
51.7
35.3
79.3
138.8
63.4
196.7
202.2
47.7
50.5
54.8
35.1
33.4
79.4
204.4
66.2
140.2
48.0
44.1
206.4
54.3
35.9
53.1
79.5
V
36.9
37.1
61.1
61.8
46.9
47.1
38.9
39.1
209.9
210.9
53.3
53.3
140.7
398.1
400.8
139.4
140.4
403.9
406.8
141.5
408.1 2/140.8
140.9
413.2
414.4
141.5
414.4
141.3
417.2
141.9
420.9
14-3.8
420.6
145.4
424.8
144.8
72.2
219.3
221.4
73.7
222.7
74.1
224.0
74.8
227.5 1/77.4
229.6
78.4
231.1
79.0
232.7
79.8
80.6
234.6
81.4
236.3
238.4
82.5
82.6
239.8
37.3
37.3
37.5
37.6
37.7
38.1
38.3
38.3
38.6
38.7
38.9
39.1
62.6
63.2
63.9
64.5
65.2
65.9
66.5
67.3
68.0
68.9
69.7
70.5
47.2
47.2
47.2
47.1
47.2
47.2
47.3
47.3
47.4
47.3
47.3
47.6
38.1
40.0
40.8
41.3
39.8
42.7
41.8
40.4
40.7
40.8
38.8
40.2
212.9
213.1
214.5
216.3
218.2
219.3
220.5
221.1
222.5
225.2
225.9
227.4
53.5
53.2
53.1
53.2
53.5
53.1
53.2
53.4
53.3
53.5
53.7
53.5
425.2
242.7
84.8
39.1
71.2
47.6
39.3
228.0
53,6
138.8
139.2
216.0
217.7
71.1
71.7
393.7
396.0
143.2
78.1
79.8
79.1
78.9
77.6
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 30 and December )1 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.
2/ Includes savings deposits in the Postal Savings System.
3/ 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.
4/ Includes all types of savings bonds held by investors other than banks and U. S.
Government agencies and trust funds.
5/ Beginning May 1955 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 24
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 1955 includes securities
callable within one year.
6/ 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 dates: each month of the current quarter and the last month of the preceding
quarter.
2/ 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 with interbank deposits and excluded from demand and time deposits adjusted.
Not for -publication
- 17 Table 10
Demand Deposits, Currency, and Related Items
(Averages of daily figures. In billions of dollars)
Period
Money Supply
Seasonally adjusted
CurDemand
Total
rency deposits
1954—Dec.
1955—Dec.
1956—Dec.
1957—-Dec.
1958—Dec.
1959—Dec.
1960—Dec.
132.0
134.7
136.6
135.5
140.9
141.5
140.5
27.8
28.3
28.3
1961—Jan.
140.2
141.0
141.3
141.1
141.1
142.0
141.8
142.2
142.0
141.9
142.4
141.9
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.
1962——Jan.
Feb.
NOTE:
142.1
141.9
141.9
141.8
142.7
143.3
143.1
144.2
144.5
143.7
144.4
145.5
144.9
144-3
IB.7
IB.2
28.6
104« 6
106.9
108.3
107.2
112.3
29.0
111.5
27.4
Related deposits—all commercial banks
Without seasonal adjustment
Gross
U. S. Govt, demand
time
48.7
50.1
52.0
57.3
65.3
112.6
67.2
72.8
28.9
111.3
28.9
28.9
112.4
73.5
73.9
74.9
75.2
75.7
28.9
29.0
29.0
29.0
29.0
29.0
29.0
28.9
28.9
29.0
29.0
29.0
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
112.0
112.1
112.1
113.0
112.8
113.2
113.0
113.0
113.5
112.9
113.1
112.9
112.8
112.8
113.6
114.1
113.8
114.9
115.1
114.2
114.9
76.1
76.7
77.1
77.8
78.3
78.8
79.2
79.7
80.1
80.5
80.8
81.2
81.5
81.9
82.1
82.2
81.9
82.1
115.9
82.4
115.3
83.4
84.5
85.5
114.8
115.1
lllt.5
86.2
4.6
3.5
3.5
3.7
4.0
5.2
5.2
4.7
3.5
4.0
5.7
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
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
#
•
i
» 1 8 •»
L.U.3
-
Year
or
month
End of Dec.
195'
1955
1956
1957
1958
1959 1/
I960
1961s
Jan. 25
Mar.
1
Mar. 29
Apr. 26
May
31
June 30
July 26p
Aug. 30p
Sept. 27l
Oct. 25p
Nov. 29p
Dec. 27p
1962:
Jan. 31p
Feb. 28p
Table 11
Deposits and Currency
(In billions of dollars)
(12)
(11)
(10)
(8)
(6)
(9)
(1)
(7)
(2)
(U)
(5)
(3)
Seasonally
Seasonally adjusted
Total
Time deposits
adjusted
money supply 1/
Cur- deposits
u. s.
money
Demand
and
rency
Govt,
Cursupply and deposits
Demand
Total Commer- Mutual Postal deposits outside currency
rency
Total
time dep. adjusted (7+8+9) cial
deposits
banks (5+6+10
savings savings
outside
(2+3)
If
at comm.
adjusted
+11)
banks
banks(l+7)
103.1
106.1
107.1
105.8
110.7
112.0
111.0
26.9
27.4
27.4
27.8
28.1
28.2
28.2
176.8
181.9
185.1
189.7
202.0
206.1
210.6
140.1
112.3
110.9
139.4
140.4
112.1
141.5
113.3
4/140.6 4/112.3
140.5
112.7
113.2
141.5
113.0
141.2
113.4
141.S
115.0
143.6
114.8
143.4
116.1
144.6
28.4
28.5
28.3
28.2
28.5
28.2
28.3
28.3
28.5
28.8
28.6
28.7
212.4
212.7
214.6
216.5
4/218.7
220.0
221.0
221.5
222.7
225.2
224.6
226.5
llll.2
lltw7
29.0
29.1
227.lt
229.6
130.C
133.5
134.5
133.6
138.6
140.2
139.2
11*3.2
lU3.£
214.8
221.0
226.4
232.3
247.5
252.4
259.6
46.8
48.4
50.6
56.1
63.2
65.9
71.4
26.3
28.1
30.0
31.7
34.0
34.9
36.3
2.1
1.9
1.6
1.3
1.1
0.9
0.8
5.1
4.4
4.5
4.7
4.9
5.8
6.7
27.9
28.3
28.3
28.3
28.7
29.4
29.4
109.0
114.7
71.7
110.6
110.7
73.3
74.2
110.3
111.9
113.6
112.7
75.0
4/ 110.6 4/115.7 4/77.9
110.5
117.1
79.1
113.0
117.7
79.5
118.6
80.2
111.5
80.8
112.4
119.4
120.0
81.4
115.7
116.2
81.2
119.9
120.8
81.7
119.9
36.5
36.6
37.0
36.9
37.0
37.3
37.5
37.6
37.9
37.9
38.0
38.4
0.8
0.7
0.7
0.7
0.7
0.7
0.7
0.7
0.7
0.7
0.7
0.7
4.1
6.5
4.9
2.8
5.5
7.0
6.4
6.2
8.9
6,3
7.0
28.0
255.7
28.2
256.0
28.0
255.1
257.0
27.9
28.4 4/260.1
264.0
29.4
28.4
265.5
264.8
28.5
28.6
269.3
28.7
270.7
29.1
271.3
276.9
29.3
38.5
33.7
0.6
0.6
5.6
5.9
28.6
28.8
106.6
109.9
111.4
110.3
115.5
115.4
115.1
116.6
llU.lt
75.3
78.4
82.2
89.1
98.3
101.8
108.5
123.3
125.1
8U.2
85.8
6.P
2711.1
274.2
p Preliminary, l/ Seasonal y adjusted series jegins in 1946 and is available only for last Wednesday of the month.
2/ At commercial, savings and Federal Reserve Banks. Ji/ Demand deposits were reduced about $400 million as a 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 $400 million, time deposits at commercial banks
increased $700 million, and time deposits at mutual savings banks declined $300 million. 4/ Demand deposits adjusted increased $400 million and time deposits at commercial banks increased $1.5 billion due to the reclassifi
cation
http://fraser.stlouisfed.org/ of deposits of foreign central banks.
Federal Reserve Bank of St. Louis
-1*.
L.U.3
Table 12
Loans and Investments at All Commercial Banks
(in billions of dollars)
Dec*
Dec*
Bee*
Dec*
Dec*
June
June
Dec*
Dec*
Loans
and
investments
31
115*7
31
160*3
31
16U.5
31
169*3
31,
18U.U
2lt(old) 18U.2
2U(new) 181**2
189*5
311/
31
198*5
Jan*
Mar*
Mar*
Apr.
May
June
25
1
29
26
31
30
July
Aug*
Sept*
Oct*
Nov*
Dec*
26
30
27
25p
29p
27p
Date
195U*
19#:
1956:
1957s
1958$
1959:
1960s
1961s
Jan*
Feb*
n. s.
Govt,
securities
69*0
61*6
58*6
58*2
66*1
60*9
60*9
58.9
61*0
Other
secur- Total
ities loans
Busi- Seal
ness estate
16*3
70.it
82.0
16*7
16.3
89.7
17*9
93*2
20.6
97.5
20.6 102.8
20.6 102.8
20.5 110.0
20.9 116.7
26.9
33*2
38*7
it0.5
ltO.lt
lt2*5
37*8
lt0.2
lt3.1
l8*lt
20.8
22*5
23*1
25*3
26.9
26*9
28.1
28.7
Nonbank
financial
All
Secur- 1 Farm
Coninstituother
ity
sumer
tions
5.6
10.9
it.5 . 5.2
—
6.5
13.2
5.0
lt.5
—
6,9
lit.6
it.2
lt.3
—
7.2
15.8
U.2
i.l
8.2
15.9
5.0
it.7
—
8.8
lt.l
5.0
17.5
7.6
it*l
5.0
17.5
5.9
8.1
18.8
7.1
lt.9
5.0
20.6
8.7
7.1
5.1
5.7
195.6 61.9
197.0 61.3
195.6 59.7
197.2 60.7
2/199.2 61*5
200*9 61.8
20.9
21*3
21.7
21,8
21.9
22*1
112.8
llit.lt
lllt.2
llit.7
115.8
117.0
itl.5
ltl*8
42.8
it2.it
it2*3
lt2.8
28.7
28.7
28.8
28.8
29.0
29*3
it.2
lt.5
It.o
it.7
it.8
lt.9
5.9
6*0
6.0
6.1
6.0
6.0
20.it
21.2
21.1
21.0
21.1
21*2
6*1
6*2
5.9
5.8
6*0
6.0
8.5
8*lt
8*1
8*b
|8*9
9.2
203.3 61W7
203.0 6U*2
207.5 ' 66.1
i
208.3 66.6
209*1 66.2
213.1 66.5
22.3
22.5
23*3
23*2
23.lt
23.9
116*3
116*3
118.1
118.5
119*5
122.7
lt2.3
it2*5
lt3*0
it3*l
it3*5
Wt.it
29.5
29.7
29.8
30*1
30.3
30.5
5.1
it*6
5.1
5.3
5.2
6.1
6.0
5.8
5.8
5.9
6*0
6.1
21*2
21*2
21*0
21*0
21,0
21*1
5.7
5.9
6.1t
6.1
6*3
7.2
9.0
9*1
9.It
9.5
9.7
9.8
21*0
6*lt
31p
6.1t
210*9 67.1
2b.0 119*7
9.5
it3.lt 30.6
lt.9
28p
6.6
21*0
30.8
6*5
211*5 65*9
2U.il 121*2
5.6
9.5
it 3.7
^
„„
Structure
w
total creditj $600 million in loansj $300 million in U 0 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 2k» 1959#
"business loans" and "all other loans" have been revised to exclude loans to nonbank financial
institutions*
http://fraser.stlouisfed.org/
1962 s
Federal Reserve Bank of St. Louis
@FedFRASER