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L.4.3 Not for Publication BANKING AND MONETARY DEVELOPMENTS April 1978 Banking Section Division of Research and Statistics Board of Governors of the Federal Reserve System Table 1 Changes in Commercial Bank Credit, Money Stock, and Time Deposits (seasonally adjusted annual percentage rates) 1976 1978 1977 2nd Qtr. 3rd Qtr. 4th Qtr. 12.6 8.6 8.0 1st Qtr.? FebP MarP Apr p 10.8 10.4 9.4 21.6 5.4 -19.4 -26.4 12.8 64.9 -12.3 23.6 Year Year 1st Qtr. Total bank credit* 8.8 10.3 10.6 US Govt securities 22.5 -3.9 26.7 Other securities 2.3 7.3 0.5 12.1 8.4 7.4 -0.5 -3.0 -1.5 19.6 Loans* 8.5 13.7 10.4 14.1 13.8 14.0 13.4 5.8 15.5 21.8 2.7 12.8 10.9 12.6 10.3 15.2 17.4 14.7 22.6 19.3 Real estate loans 10.2 17.0 15.0 17.6 16.6 15.0 14.7 12.2 17.5 15.9 Consumer loans 12.7 16.7 11.8 16.5 18.4 16.2 n.a. 9.1 18.0 n.a. Business loans Adjusted to Include Loans Sold to Selected Affiliates 8.6 10.6 10.6 12.6 8.6 8.3 10.5 10.1 9.1 21.5 8.3 10.5 10.5 14.0 13.7 14.3 13.0 5.4 15.1 21.6 Business loans 2.6 11.4 11.4 12.6 10.2 16.0 16.4 13.9 21.7 19.7 Money stock—Mj 4.4 7.8 3.8 7.5 9.0 6.2 5.0 -1.1 3.5 Total time deposits 8.0 11.2 8.1 9.2 10.8 7.6 7.4 8.4 6.3 Time other than CDs 15.0 11.4 12.0 12.5 10.8 13.3 12.0 14.7 12.2 CDs (dollar changes in billions,/ -18.6 11.3 -0.5 1.1 0.5 10.2 8.0 3.1 2.6 Total bank credit* Loans* \J Adjusted to exclude domestic interbank loans, n.a.—not available Table 2 Loans and Investments at All Commercial Banks (seasonally adjusted) Total* Date - U.S. Gov't Other Securities Loans* Securities (in billions of dollars) 558.0 633.4 690.4 721.1 378.9 449.0 500.2 496.9 62.6 54.5 50.4 79.4 116.5 129.9 139.8 144.8 1976--July 28 August 25 September 29 October 27 November 24 December 31 751.4 758.0 762.9 771.6 778.8 784.4 512.1 516.0 520.8 529.6 533.1 538.9 93.2 95.6 94.9 94.4 95.4 97.3 146.1 146.4 147.2 147.6 150.3 148.2 1977--January 26 February 23 March 30 April 27 May 25 June 30 787.3 797.9 805.1 815.7 823.9 830.5 541.4 546.6 552.9 560.7 566.1 572.4 97.0 101.7 103.8 103.2 105.1 105.2 148.9 149.6 148.4 151.8 152.7 152.9 837.0 845.6 848.4 857.9 866.1 865.4 579.0 587.0 592.2 602.5 611.2 612.9 103.6 103.1 100.1 97.8 95.0 93.5 154.4 155.5 156.1 157.6 159.9 159.0 874.3 881.9 888.8 904.8 622.4 625.4 633.5 645.0 92.5 97.5 96.5 98.4 159.4 159.0 158.8 161.4 1972--December 1973--December 1974--December 1975--December 31 31 31 * 31 July 27'P August 3lP September 28? October 26? November 30? December 31? 1978--January 25? February 22? March 29? April 26? T7~ Adjusted to exclude domestic commercial interbank loans. 2/ 3/ Beginning June 30, 1974, data revised to include one large mutual savings bank which merged with a nonmember commercial bank. Total loans and investments were increased by about $600 million, of which $500 million were in loans and $100 million in "other securities." Beginning October 31, 1974, as the result of the liquidation of one large bank total loans were reduced by $1.0 billion; business loans by $0.6 billion; real estate loans by $0.2 billion; nonbank financial loans by $0.2 billion; and "other securities" by $0.5 billion; however, business loans were increased and real estate loans were reduced by $0.1 billion as a result of loan classifications at one large mideastern bank. # # e # # e # • • Table 3 Loans Sold Outright by Commercial Banks and Bank Credit Adjusted for Selected Loan Sales Date Loans sold outright by commercial banks (outstanding in $ billions, NSA)* Total loans Business & investments Loans Original Adjusted Total Commercial bank credit (seasonally adjusted) Total loans Original Adjusted Businessi loans Original Adjusted 1972--December 1973--December 1974--December * 1975--December 1976--December 2.6 4.3 4.8 4.4 3.8 1.7 2.6 2.7 2.5 2.4 558.0 633.4 690.4 721.1 784.4 560.6 637.7 695.2 725.5 788.2 378.9 449.0 500.2 496.9 538.9 381.5 453.3 505.0 . 501.3 542.7 130.2 156.4 183.3 176.0 179.5 131.9 159.0 186.0 178.5 181.9 1977--July 27? August 3lP September 28^ October 26^ November 30^ December 31^ 4.1 4.1 4.0 4.1 4.4 4.6 2.8 2.8 2.8 2.9 3.1 3.3 837.0 845.6 848.4 857.9 866.1 865.4 841.1 849.7 852.4 862.0 870.5 870.0 579.0 587.0 592.2 602.5 611.2 612.9 583.1 591.1 596.2 606.6 615.6 617.5 192.4 194.6 195.1 199.3 201.6 202.2' 195.2 197.4 197.9 202.2 204.7 205.5 1978--January 25^ February 22^ March 29^ April 26P 4.5 4.3 4.1 4.5 3.1 3.0 2.9fi 2.38 874.3 881.9 888.8 904.8 878.8 886.2 892.9 909.3 622.4 625.4 633.5 645.0 626.9 629.7 637.6 649.58 204.6 207.1 211.0 214.4 207.7 210.0 213.9 216.78 p—preliminary JV To bank holding companies, affiliates, subsidiaries, and foreign branches. Beginning August 28, 1974, loans sold outright to selected bank affiliates reflect a newly issued definition of the group of affiliates included as well as a somewhat different group of reporting banks. If Includes all loans sold to bank holding companies, affiliates, subsidiaries, or foreign banks. 3/ Includes business loans sold to bank holding companies, affiliates, subsidiaries, or foreign branches. 4/ Beginning June 30, 1974, data revised to include one large mutual savings bank which merged with a nonmember commercial bank. Total loans and investments were increased by about $600 million of which $500 million were in loans. 5/ Beginning October 31, 1974, as the result of the liquidation of one large bank, total loans and investments were reduced by $1.5 billion; total loans by $1.0 billion; and business loans by $0.6 billion. However, as the result of loan reclassifications at another large bank, business loans were increased by $0.1 billion. 6_f Beginning March 31, 1976, as the result of loan reclassifications in Chicago City and in the San Francisco District, business loans were reduced by $1.2 billion. TJ Beginning December 31, 1977, business loans were reduced by $300 million as the result of loan reclassifications at one large bank. 8/ As of April 26, 1978, total loans sold were increased by $400 million and business loans sold were decreased Digitized for byFRASER $100 million as the result of reclassifications at one large bank. Table 4 Loans at Commercial Banks (seasonally adjusted) Business Real Estate Security Consumer (in billions of dollars) Nonbank Financial Agriculture 130.2 156.4 183.3 176.0 179.5 98.1 117.7 130.2 134.4 149.0 71.8 83.4 87.0 89.9 101.3 14.7 12.2 11.4 12.3 17.7 22.1 28.9 33.3 28.0 25.6 14.5 17.5 18.4 20.4 23.5 1977—July 27P August 3lP September 28^ October 26^ November 30^ December 31^' 192.4 194.6 195.1 199.3 201.6 202.2* 163.6 166.1 168.1 170.1 172.3, 174.74 109.9 111.9 113.6 114.8 116.3 118.2 18.6 18.8 18.7 18.5 20.2 19.6 24.8 24.5 25.0 25.8 25.9 25.2 25.4 25.8 26.3 26.7 26.9 27.1 1978—January 25^ February 22^ March 29^ April 26P 204.6 207.1 211.0 214.4 176.7 178.5 181.1 183.5 119.3 120.2 122.0 n.a. 21.1 17.9 17.1 20.4 25.2 25.5 25.0 25.4 27.3 27.3 27.5 27.7 1972—December 1973—-December 1974—December 1975—December 1976—December 31 31 31 * 31 31 p—preliminary n.a.—not available 1/ Beginning June 30, 1974, data revised to include one large mutual savings bank which converted to a nonmember commercial bank. Real estate loans were increased by $0.5 billion. 2J Beginning October 31, 1974, as the result of the liquidation of one large bank, business loans were reduced by $0.6 billion, real estate loans by $0.2 billion, and nonbank financial Loans by $0.2 billion. However, business loans were increased and real estate loans were reduced by $0.1 billion as the result of loan reclassifications at one large mideastern bank. 3/ Beginning March 31, 1976, as the result of loan reclassification business loans were reduced by $ 1200 million, real estate loans increased by $800 million, and nonbank financial loans by $200 million. 4/ Beginning December 31, 1977, business loans were reduced and real estate loans increased by $300 million as thge result of reclassifications at one large bank. Table 5 Changes in Loans and Investments at All Commercial Banks, Seasonally Adjusted (In billions of dollars) Loans & Investments US Govt securities Other securities Loans Business Real estate Consumer Security Nonbank financial Agriculture All other 2 March April May June 1977 August? July p +7.2 +2.1 -1.2 +6.3 +2.2 +2.1 +1.5 +0.1 -0.7 +0.3 +0.8 +10.6 -0.6 +3.4 +7.8 +2.3 +2.2 +1.7 +0.6 +0.3 +0.4 +0.3 +8.2 +1.9 +0.9 +5.4 +1.5 +2.2 +1.1 +0.8 -0.3 +0.4 -0.3 +6.6 +0.1 +0.2 +6.3 +2.0 +2.4 +1.5 -0.6 -1.3 +0.4 +1.9 +6.5 -1.6 +1.5 +6.6 +2.2 +2.2 +1,3 +0.1 +0.5 +0.2 +0.1 +8.6 -0.5 +1.1 +8.0 +2.2 +2.5 +2.0 +0.2 -0.3 +0.4 +1.0 Sept? +2.8 -3.0 +0.6 +5.2 +0.5 +2.0 +1.7 -0.1 +0.5 +0.5 +0.1 Oct p +9.5 -2.3 +1.5 +10.3 +4.2 +2.0 +1.2 -0.2 +0.8 +0.4 +1.9 Nov? +8 J2 -2.8 +2.3 +8.7 +2.3 +2.2 +1.5 +1.7 +0.1 +0.2 +0.7 Jan? Dec? +8.9 -1.0 +0.4 +9.5 +2.4 +2.0 +1.1 +1.5 -0.7 -1.5 -0.9 +1.7 +0.9 +2.1 +1.9 -0.6 -0.7 +0.2 -2.1 1/ +0.2 +2.3 1978 Feb? March? +7.6 +5.0 -0.4 +3.0 +2.5 +1.8 +0.9 -3.2 +0.3 1/ +0.7 +6.9 -1.0 -0.2 +8.1 +3.9 +2.6 +1.8 -0.8 -0.5 +0.2 +0.9 April? +16.0 +1.9 +2.6 +11.5 +3.4 +2.4 n.a. +3.3 +0.4 +0.2 n.a. Table 5A Changes in Loans and Investments at All Commercial Banks, Seasonally Adjusted Adjusted for Loans Sold to Affiliates (in billions of dollars) Loans & Investments US Govt securities Other securities Loans Business 2 March April May June 1977 ~ JulyP Sept? August? +7.3 +2.1 -1.2 +6.4 +2.3 +10.6 -0.6 +3.4 +7.8 +2.4 +8.2 +1.9 +0.9 +5.4 +1.5 +6.6 +0.1 +0.2 +6.3 +2.0 +6.6 -1.6 +1.5 +6.7 +2.2 T7 Less than $50 million, 2/ Adjusted to exclude Interbank loans. p—preliminary +8.6 -0.5 +1.1 +8.0 +2.2 +2.7 -3.0 +0.6 +5.1 +0.5 Oct? +9.6 -2.3 +1.5 +10.4 +4.3 Nov? +8.5 -2.8 . +2.3 +9.0 +2.5 Dec? -0.5 -1.5 -0.9 +1.9 +1.1 Jan? +8.8 -1.0 +0.4 +9.4 +2.2 1978 Feb? March? +7.4 +5.0 -0.4 +2.8 +2.4 +6.7 -1.0 -0.2 +7.9 +3.8 April? +16.0 +1.9 +2.6 +11.5 +3.5 Table 6 Changes in Loans and Investments at All Commercial Banks, at Weekly Reporting Banks, and at Other Banks, not seasonally adjusted Adjusted for loans sold (in billions of dollars) Item 1977 1978p 1976 1975 1974 1973 Last Wednesday of March to Last Wednesday in April 1972 All Commercial Banks Total loans US Govt securities Other securities Total +10.8 +1.0 +3.5 +15.3 +6.9 -1.5 +4.4 +9.7 +3.2 +0.1 +1.8 +6.0 +0.7 +4.0 +0.8 +5.5 +10.5 -1.1 +1.3 +10.7 +7.1 -0.8 +0.8 +7.1 +4.5 -0.6 +1.2 +5.1 All Large Banks^'^ Total loans US Govt securities Other securities Total +5.0 +0.5 +2.4 +7.9 +1.4 —1.8 +3.5 +3.1 -2.1 -0.5 +1.0 -1.6 -2.1 +1.3 -0.7 -1.5 +6.3 -1.4 -0.1 +4.8 +4.1 -0.6 -0.3 +3.2 +2.4 -1.0 +0.1 +1.5 Other Banks^'^ Total loans US Govt securities Other securities Total +5.8 +0.5 +1.1 +7.3 +5.4 +0.3 +0.9 +6.6 +5.3 +1.5 +0.8 +7.6 +2.8 +2.7 +1.5 +7.0 +4.2 +0.3 +1.4 +5.9 +3.0 -0.2 +1.1 +3.9 +2.6 +0.3 +1.1 +4.0 All Commercial Banks^ Total loans US Govt securities Other securities Total End of December to end of April +13.9 +2.9 +16.8 +6.5 +0.9 +4.1 +11.5 -5.5 +6.3 -0.1 +0.7 -17.8 +8.8 +1.2 -7.8 +15.6 -1.9 +4.2 +17.9 +22.1 —6.6 +1.5 +17.0 +6.7 -3.1 +5.0 +8.6 All Large Banks^ ^ Total loans US Govt securities Other securities Total -1.9 —1.6 +0.2 -3.3 -5.0 -3.2 +2.1 —6.0 -11.7 +0.8 -0.7 -11.6 -18.2 +4.5 -2.2 -15.9 +7.7 -2.4 +0.4 +5.7 +13.3 -5.5 -1.2 +6.6 +1.8 -2.8 +1.3 +0.3 Other Banks^'^ Total loans US Govt securities Other securities Total +15.8 +1.6 +2.7 +20.1 +11.5 +4.1 +2.0 +17.6 +6.2 +5.5 +0.6 +12.3 +0.4 +4.3 +3.4 +8.1 +7.9 +0.5 +3.8 +12.2 +8.8 -1.1 +2.7 +10.4 +4.9 -0.3 +3.7 +5.3 — p—preliminary r—revised _1/ Less than $500 million. 2/ Based on revised reporting beginning July 1969. Changes have been adjusted to maintain comparability of series. 3/ Based on revised coverage beginning July 1966 and January 1967-1978. NOTE: Data exclude all interbank loans; call report data for large banks used when available. Loans adjusted to include all loans sold to bank holding companies, affiliates, subsidiaries, or foreign branches. Allowance has been made in monthly changes for all loan and security reclassifications. For description of reclassifications, see Tables 3 and 8. Table 7 Changes in Commercial and Industrial Loans at Large Commercial Banks (in millions of dollars) " Business of Borrower Food Processors Commodity Dealers Trade Concerns Retail Trade Wholesale Trade Metals Primary Metals Machinery Transportation Equipment Other Fabricated Metals Textiles, Apparel, etc. Petroleum Chemicals Other Durable Manufacturing Other Nondurable Manufacturing Mining Public Utilities, total Transportation Communication Other Public Utilities Construction All Other Types of Business Bankers Acceptances Services Other Foreign Business Concerns Classified Unclassified Total Change -i 1974 Late March to Late April1 1975 1976 1977 1978 2 Late December to Late April'' 1974 1975 1976 1977 1978 +45 -237 +554 +315 +239 +710 +21 +409 +175 +105 +122 —8 +227 +274 -122 -84 -188 -13 -175 —64 +52 +90 -155 -51 -72 +113 -143 +17 -111 -104 +55 +63 —8 -415 +30 -216 -203 -26 +30 +118 -41 +73 -62 -132 +203 +83 +120 -51 —164 +18 +77 +18 +139 +82 +84 +110 -8 -82 +381 +162 +219 +199 +46 +60 -79 +172 +114 +91 +60 +82 +162 +120 +1555 +860 +695 +2422 +100 +1365 +588 +369 +694 -139 +492 +625 -1131 -596 -935 -311 —624 -919 +137 -919 -129 —8 -341 +271 -113 -469 -622 +17 +217 +17 +200 -1302 -59 -499 -495 -249 +378 -51 -48 —66 -249 +82 +990 +436 +554 +582 +132 +104 +143 +203 +310 -238 +214 +211 +64 +229 +1776 +772 +1004 +1377 -43 +529 +358 +533 +400 -132 +590 +134 +96 +146 +639 -4 +253 +390 +137 +296 -44 +296 +44 +168 +3169 +673 +3842 -5 +81 +55 +23 +177 -145 -45 -288 -134 -227 +73 +127 -618 +68 =550 +11 +85 -222 -7 -42 -173 -62 -517 -178 -120 -219 +280 -820 -237 -1057 -4 +184 -331 -141 -39 -151 +59 +32 +14 +121 -103 -117 +196 +654 +850 -23 +327 -100 -304 +149 +55 +137 -52 -784 +360 +372 -95 +1031 +774 +1805 +212 +444 +650 +98 +415 +137 +98 +733 +18 +488 +227 +273 +8341 +1173 +9514 -336 +34 -772 +51 +101 -924 -281 -314 +474 -955 +167 +277 -5625 -252 -5877 -11 +758 —1466 -131 -340 -995 -1027 -4179 -1645 +29 -2563 +145 -7257 -854 -8111 +139 +243 -488 -120 -69 -299 +109 -2961 -2916 +108 -153 -404 -1460 +1585 +125 -83 +786 -318 +29 +160 -507 +343 -1945 -3316 +1032 +339 -155 +3066 +1715 +4781 1/ Four most comparable weeks used throughout. 21 Changes are compiled from December 26, 1973; December 25, 1974; December 24, 1975; December 29, 1976; and ~ December 28, 1977. These data cannot be linked with all commercial bank data which are always for December 31. Table 8 Loans and Investments of All Commercial Banks (In billions of dollars, not seasonally adjusted) Other Real Total SecuUS Loans and Business Estate Security Loans rities Investments Govt Date 1 17.6 98.4 387.3 132.7 117.1 67.0 571.4 1972--Dec 31 14.6 118.0 159.4 458.5 130.6 58.3 1973-—Dec 31 0 647.3 3 13.7 130.6 186.8 510.7 140.5 54.5 705.6 1974-—Dec 31 * 14.8 134.8 179.5 507.4 145.5 84.1 737.0 1975--Dec 31, 149.5 21.2 182.9 550.2 148.9 102.5 801.6 1976-—Dec 31 1977--Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 26 23 30 27 25 30 27P 31 p 28P 26P 30 p 31? 785.6 791.5 803.2 812.9 821.1 835.5 834.2 842.8 848.4 856.1 866.4 884.5 101.2 102.8 105.0 103.4 102.4 101.6 100.0 99.4 98.5 97.7 97.9 98.9 147.9 148.6 148.7 153.0 153.4 154.1 154.3 155.2 155.9 157.1 158.4 159.8 536.6 540.1 549.5 556.5 565.3 579.8 579.9 588.2 594.0 601.3 610.1 625.7 178.4 180.4 184.3 186.9 188.4 192.7 192.4 193.6 195.5 198.6 200.8 206.05 150.6 151.7 153.7 156.0 158.4 16.13 163.6 166.6 168.9 171.1 173.2 175.25 17.0 17.2 17.6 17.2 18.7 18.9 18.0 18.3 18.3 18.1 20.2 23.5 Farm 14.3 17.3 18.2 20.2 23.3 23.2 23.3 23.7 24.3 24.9 25.6 25.9 26.3 26.6 26.6 26.7 26.8 Nonbank Financial All Inst. Other Consumer 23.4 28.8 72.1 30.5 83.7 35.0 35.2 38.8 87.3 29.6 38.1 90.2 27.0 44.6 101.7 101.5 101.7 102.9 . 104.9 106.7 109.0 110.6 113.0 114.6 115.6 116.6 118.7 26.1 25.5 25.6 25.4 25.3 25.2 25.0 25.0 25.0 25.3 25.6 26.6 39.8 40.3 41.7 41.8 42.9 47.1 44.4 45.4 45.1 46.0 46.9 48.9 24.7 47.1 176.5 20.7 26.8 202.5 118.7 617.0 158.5 97.2 872.7 •Jan 25? 24.7 47.4 205.0 177.6 17.5 26.8 617.9 118.9 22P 158.1 875.0 98.9 Feb p 24.9 49.0 210.9 180.0 17.0 27.2 120.4 629.4 159.2 97.9 886.5 Mar 29 p 24.9 214.7 n.a. 182.6 19.2 27.6 n.a. 640.2 162.7 98.9 901.8 Apr 26 n.a.—not available NOTE: Data exclude domestic interbank loans. Consumer and other loans were partly estimated for all dates. Other data are partly estimated on all but June and December call dates. 1/ Beginning June 1972, business loans were reduced by $400 million, nonbank financial institutions increased by ~~ $300 million, and other loans increased by $100 million as result of loan reclassification at one large bank. 2/ Beginning June 30, 1974, data revised to include one large mutual savings bank which merged with a nonmember ~ commercial bank. Total loans and investments were increased by about $300 million of which $500 million were in loans and $100 million in "other securities." 3/ Beginning October 31, 1974, as the result of the liquidation of one large bank, total loans were reduced by $1.0 billion, business loans by $0.6 billion, real estate loans by $02. billion, nonbank financial loans by $0.2 billion, and "other securities" by $0.5 billion. However, business loans were increased and real estate loans reduced by $0.1 billion as the result of loan reclassifications at one large mideastern bank. 4/ Beginning March 31, 1976 as the result of loan reclassifications, business loans were reduced by $1200 million, real estate loans increased by $800 million, nonbank financial by $200 million and other loans by $200 million. 5/ Beginning December 31, 1977, business loans were reduced and real estate loans increased by $300 million as ^ the result of reclassification at one large bank. http://fraser.stlouisfed.org/ # # # # # # # # # Federal Reserve Bank of St.#Louis A Table 9* 1 Ratios of Total Deposits All Commercial Banks Date L 0 A N S Member Banks Reserve City Banks New York City of Total City Chicago Other 1968—Dec 1969—Dec 1970—Dec 1971—Dec 1972—Dec 197 3 — D e c 197 4-HDec 1975—Dec 1976—Dec 31% 31* 31* 31* 31* 31* 31* 31* 31* 64.7 72.0 67.3 65.7 67.9 72.0 72.9 68.7 69.7 (63.7) (69.8) (66.2) (65.6) (67.7) (71.8) (72.5) (68.3) (69.1) 66.8 75.7 69.9 68.0 70.6 75.3 76.0 71.5 72.0 1977—Jan Feb Mar Apr May Jun 26* 23* 30* 27* 25* 30* P 70.4 70.4 70.5 71.1 72.2 71.7 (70.0) (70.1) (70.2) (70.8) (71.8) (71.3) 73.6 Jul Aug Sep Oct Nov Dec 27*P 31*P 28*P 26*P 30*P 28* P 72.5 72.7 73.3 73.7 73.3 72.2 (72.2) (72.3) (72.9) (73.2) (72.9) (71.7) 1978—Jan Feb Mar Apr 25*P 22*P 29P 26? 73.8 73.4 74.1 74.5 (73.3) (73.0) (73.7) (74.9) Country (76.3) (86.4) (79.6) (83.2) (84.0) (86.4) (85.8) (81.6) (81.5) 75.1 89.5 80.6 78.1 87.2 93.7 91.5 91.5 94.1 69.1 79.5 73.3 71.6 77.3 81.7 81.9 75.4 76.0 58.2 62.8 60.2 59.2 60.1 53.9 64.6 61.5 62.2 81.7 (79.3) 90.2 79.1 65.1 83.5 102.8 87.5 84.1 85.4 87.7 87.4 84.6 85.7 Ratios in parentheses are those obtained by adding Euro-dollars to the deposit base. \J Total loans (adjusted to exclude loans to banks) and total deposits (adjusted to exclude cash items in process of collection). 2/ Beginning June 1969, total loans are rpeorted gross of valuation reserves rather than net as previously reported. The higher loans level increased the ratio by about 1.3 percentage points for all commercial banks. 3/ Loan data revised to exclude only loans to domestic commercial banks. Previous data had also excluded loans to foreign commercial banks. M22 Date 1973—Dec 1974—Dec 1975—Dec 1976——Dec MI 1 270.5 282.8 294.5 312.6 571.4 612.1 664.1 739.6 Table 10 Money Stock Measures and Deposit Turnover (seasonally adjusted; dollar amounts in billions) Time Other Total than Demand M33 time CDs Currency Deposits CDs 363.9 300.9 61.5 209.0 63.0 919.2 418.3 329.3 215.1 89.0 67.8 981.2 450.9 369.6 220.8 81.3 73.7 1091.8 489.7 427.0 231.9 62.7 80.7 1235.6 1977—Apr May Jun Jul Aug Sep Oct Nov Dec 322.0 322.4 324.3 327.5 329.2 311.6 344.6 334.7 336.7 764.9 768.4 774.2 782.9 787.9 793.7 800.2 803.8 807.6 1282.2 1290.9 1302.0 1317.2 1330.0 1343.5 1356.7 1365.5 1374.1 83.1 83.8 84.2 85.1 85.5 86.3 87.1 87.7 88.5 238.9 238.6 240.1 242.3 243.7 245.3 247.5 247.0 248.2 61.6 62.9 63.3 62.8 63.2 63.8 66.4 70.9 74.0 442.9 446.0 449.9 455.5 458.7 462.1 465.5 469.1 470.9 504.5 508.9 513.2 518.3 521.9 525.9 531.9 540.0 544.9 Nonbank US Govt Thrift deposits (all Institutions member) 5.0 347.8 3.3 369.1 2.9 427.8 3.2 496.0 517.3 522.4 527.8 534.3 542.1 549.8 556.5 561.7 566.5 3.7 2.3 3,2 3.0 3.2 3.3 3.1 3.0 3.6 Turnover outside 5 NYC (%) 65.0 74.8 73.7 83.7 86.4 89.4 88.8 86.2 84.6 84.3 82.0 88.6 86.8 89.0 3.1 550.5 570.5 474.2 250.1 76.3 89.3 1384.1 813.6 339.4 1978—Jan 89.9 556.8 3.0 573.8 477.5 79.4 249.1 90.0 1390.5 816.6 339.1 Feb n.a. 3.4 562.1 577.5 480.1 82.0 249.5 90.6 1397.7 820.2 340.1 Mar n.a. 3.4 482.4 565.9 581.3 83.4 254.3 91.2 1409.2 AprP 345.5 827.9 Week Ending n.a. 3.2 564.0 481.9 n.a. 82.1 250.9 90.9 n.a. 823.7 341.8 April 5 n.a. 3.4 564.4 481.9 n.a. 253.2 82.5 90.8 n.a. 825.9 344.0 12 n.a. 566.1 3.7 482.9 n.a. 83.2 253.7 91.1 n.a. 827.8 344.8 19 n.a. 3.4 483.0 567.5 n.a. 255.1 84.4 91.4 n.a. 829.5 346.5 26 n.a.—not available p—preliminary 1/ Includes (1) demand deposits at all commercial banks other than those due to domestic commercial banks and — the U.S. Government, less cash items in process of collection, and FR float, (2) foreign demand balances at FR Banks, and (3) currency outside the Treasury, FR Banks, and vaults of all commercial banks. 2/ Includes in addition to currency and demand deposits, savings deposits, time deposits open account, and time certificates of deposit other than negotiable time certificates of deposit issued in denominations of $100,000 or more by large weekly reporting commercial banks. 3/ Includes Mo plus the average of the beginning and end of month deposits of mutual savings banks, savings and loan shares, and credit union shares. 4/ Average of beginning and end of month deposits at mutual savings banks, savings and loan shares, and credit union shares. 5J Beginning with July 1977, data have been revised to take account of call report benchmarks as of September 30, 1977. http://fraser.stlouisfed.org/ • # # # # # * # E Federal Reserve Bank of St. Louis
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