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7 AHD MOHETABT DEVELOPMENTS IN APRIL I960
Bank c r e d i t . T o t a l loans and investments a t commercial banks
increased $ 2 . 9 b i l l i o n in A p r i l r e f l e c t i n g l a r g e l y T r e a s u r y f i n a n c i n g
o p e r a t i o n s . C r e d i t growth exceeded t h a t in A p r i l of most o t h e r r e c e n t
y e a r s when f i n a n c i n g had o c c u r r e d . Holdings of U. S . Government s e c u r i t i e s increased over $ 1 . 5 b i l l i o n ; banks purchased new T r e a s u r y i s s u e s a t
t h e midmonth b u t sold s e c u r i t i e s p r i o r and subsequent t o t h e f i n a n c i n g , l /
T o t a l loans i n c r e a s e d $ 1 . 4 b i l l i o n , r e f l e c t i n g i n p a r t expansion of s e c u r i t y
loans a s s o c i a t e d w i t h t h e f i n a n c i n g . Excluding s e c u r i t y l o a n s , however,
loan growth exceeded t h a t i n A p r i l of any o t h e r r e c e n t y e a r except 1959•
Expansion in l o a n s was p a r t i c u l a r l y r a p i d a t banks o u t s i d e l e a d i n g c i t i e s
b u t h o l d i n g s of U. S . Government s e c u r i t i e s r o s e only s l i g h t l y a t t h e s e
banks.
So f a r t h i s y e a r , t o t a l c r e d i t a t a l l commercial banks has
d e c l i n e d over $3 b i l l i o n , somewhat more t h a n in o t h e r r e c e n t y e a r s . On
b a l a n c e , p r a c t i c a l l y a l l t h e r e d u c t i o n has been i n h o l d i n g s of U. S .
Government s e c u r i t i e s , b u t t h e d e c l i n e was s m a l l e r t h a n i n o t h e r y e a r s
of high economic a c t i v i t y . Holdings of o t h e r s e c u r i t i e s d e c l i n e d whereas
t h e y u s u a l l y i n c r e a s e i n t h i s p e r i o d . T o t a l loans i n c r e a s e d c o n s i d e r a b l y
l e s s t h a n in o t h e r y e a r s •
B u s i n e s s l o a n s a t a l l commercial banks ( e x c l u d i n g l o a n s t o
f i n a n c e companies and o t h e r f i n a n c i a l b u s i n e s s e s ) were about unchanged in
A p r i l . These l o a n s d e c l i n e d $100 m i l l i o n a t c i t y banks b u t p r o b a b l y
i n c r e a s e d somewhat a t o t h e r banks a s i s u s u a l . I n both A p r i l of 1959 and
1956, b u s i n e s s loans had increased $300 m i l l i o n w h i l e i n 1955 t h e y had
been unchanged. So f a r i n i960, growth i n b u s i n e s s l o a n s h a s been l a r g e r
t h a n in any o t h e r y e a r e x c e p t 1956.
Loans t o m a n u f a c t u r e r s of m e t a l s and m e t a l p r o d u c t s d e c l i n e d in
A p r i l f o l l o w i n g sharp expansion a l o n g w i t h t h e s e m a n u f a c t u r e r s ' i n v e n t o r i e s
e a r l i e r i n t h e y e a r . Loans t o t e x t i l e m a n u f a c t u r e r s , which had shown record
s e a s o n a l expansion in t h e f i r s t q u a r t e r of i960, d e c l i n e d a s i s u s u a l in
A p r i l . Borrowing by t r a d e concerns continued t o exceed t h a t of most
o t h e r r e c e n t y e a r s . Seasonal repayments by food p r o c e s s o r s and commodity
d e a l e r s appeared about normal.
1 / On A p r i l 14, commercial banks were a l l o t t e d about $ 1 . 6 b i l l i o n of
t h e $ 2 . 2 b i l l i o n 4 p e r cent Treasury n o t e s of 1962 and $90 m i l l i o n of t h e
$470 m i l l i o n 4 - 1 / 4 p e r c e n t bonds of 1975-85. I n a d d i t i o n , on A p r i l 15,
$2 b i l l i o n of 1 - y e a r Treasury b i l l s were s o l d a t a u c t i o n , t h e proceeds
of which were used t o redeem $2 b i l l i o n T r e a s u r y b i l l s m a t u r i n g on t h a t
d a t e . Banks, on b a l a n c e , t o o k more of t h e new i s s u e t h a n t h e y redeemed
of t h e maturing i s s u e .
Hot f o r p u b l i c a t i o n
L.4.3
-
2
-
Consumer loans a t a l l commercial banks a r e e s t i m a t e d t o have
increased f u r t h e r i n A p r i l but growth so f a r t h i s y e a r has been l e s s t h a n
u s u a l . S e a l e s t a t e l o a n s may a l s o have increased s l i g h t l y in A p r i l b u t
expansion in e a r l y i960 has f a l l e n f a r s h o r t of t h a t i n o t h e r y e a r s of
high economic a c t i v i t y . Loans t o nonbank f i n a n c i a l i n s t i t u t i o n s increased
i n t h e F e b r u a r y - A p r i l p e r i o d but not enough t o o f f s e t t h e u n u s u a l l y sharp
d e c l i n e t h a t occurred i n J a n u a r y ; t h i s , however, followed r e c o r d growth
i n December.
S e c u r i t y l o a n s r o s e s h a r p l y e a r l y i n A p r i l i n connection w i t h
t h e Treasury f i n a n c i n g . Subsequent d e c l i n e s o f f s e t t h i s r i s e only in
p a r t . So f a r t h i s y e a r , however, t h e s e loans have d e c l i n e d $ 1 . 2 b i l l i o n ,
much more t h a n in t h e comparable p e r i o d of any o t h e r y e a r , b u t most of
t h e d e c l i n e h a s been i n l o a n s t o b r o k e r s and d e a l e r s o t h e r t h a n Government
security dealers.
Deposit r a t i o s . The r a t i o of t o t a l l o a n s t o d e p o s i t s a t a l l
commercial banks d e c l i n e d s l i g h t l y from t h e postwar peak i n March t o 5 6 . 2
p e r c e n t i n A p r i l . The r a t i o d e c l i n e d a t a l l c l a s s e s of member banks
except country banks, where i t continued t o r i s e . The r a t i o of commercial
bank h o l d i n g s of U. S . Government s e c u r i t i e s maturing under one y e a r t o
d e p o s i t s d e c l i n e d f u r t h e r in March t o 4 . 5 p e r c e n t ( A p r i l d a t a n o t y e t
a v a i l a b l e ) . T h i s r a t i o i s s t i l l somewhat above t h e e a r l y 195 6 l e v e l s .
So f a r t h i s y e a r , d e c l i n e s have occurred a t a l l c l a s s e s of member banks.
D e p o s i t s and c u r r e n c y . S e a s o n a l l y a d j u s t e d demand d e p o s i t and
currency h o l d i n g s of b u s i n e s s e s and i n d i v i d u a l s d e c l i n e d $100 m i l l i o n i n
A p r i l f o l l o w i n g a $400 m i l l i o n r i s e i n March. E a r l i e r i n t h e y e a r , they
had d e c l i n e d $ 1 . 1 b i l l i o n . During A p r i l , s e a s o n a l l y a d j u s t e d demand
d e p o s i t s a d j u s t e d i n c r e a s e d $100 m i l l i o n while currency o u t s i d e banks
d e c l i n e d $200 m i l l i o n . At t h e end of A p r i l , t h e s e a s o n a l l y a d j u s t e d
money supply was over o n e - h a l f p e r c e n t below t h e l e v e l a y e a r a g o .
S e a s o n a l l y a d j u s t e d semi-monthly a v e r a g e s of d a i l y demand
d e p o s i t s a d j u s t e d a t member banks a r e e s t i m a t e d t o have i n c r e a s e d $ 1
b i l l i o n between t h e second h a l f of March and t h e second h a l f of A p r i l .
They had d e c l i n e d $600 m i l l i o n in t h e comparable p e r i o d a month e a r l i e r .
On b a l a n c e , t h e i n c r e a s e in demand d e p o s i t s a d j u s t e d in t h i s s e r i e s s i n c e
l a t e February h a s been $400 m i l l i o n , t h e same a s i n t h e l a s t Wednesday
series.
U. S . Government d e p o s i t s showed l i t t l e change i n A p r i l . Subs t a n t i a l r e d u c t i o n s i n t h e f i r s t h a l f of t h e month were o f f s e t by i n c r e a s e s
i n t h e second h a l f r e f l e c t i n g l a r g e l y t h e proceeds of new f i n a n c i n g and
t h e d e p o s i t i n g of t a x r e c e i p t s .
Time d e p o s i t s a t a l l commercial banks i n c r e a s e d $300 m i l l i o n
i n A p r i l , more t h a n i n A p r i l of most o t h e r y e a r s of h i g h economic
a c t i v i t y . P r a c t i c a l l y a l l t h e growth occurred o u t s i d e t h e r e p o r t i n g c i t y
b a n k s ; a t c i t y banks, d e p o s i t s i n c r e a s e d only s l i g h t l y b u t t h i s i s n o t
Hot f o r p u b l i c a t i o n
unusual f o r t h i s month. Since J a n u a r y , when time d e p o s i t s d e c l i n e d
s h a i p l y , p a r t i c u l a r l y savings d e p o s i t s i n t h e San F r a n c i s c o D i s t r i c t ,
growth in t h e s e d e p o s i t s has been more t h a n double t h a t i n t h e
comparable 1955-56 p e r i o d s .
At mutual s a v i n g s banks, time d e p o s i t s showed l i t t l e f u r t h e r
change i n A p r i l . They have increased $400 m i l l i o n so f a r t h i s y e a r ,
somewhat l e s s t h a n u s u a l .
I n t e r b a n k time d e p o s i t s , h e l d l a r g e l y by f o r e i g n banks,
i n c r e a s e d s u b s t a n t i a l l y i n A p r i l . I n March, a s t e a d y d e c l i n e of almost
a y e a r had been r e v e r s e d .
Liquid a s s e t s h e l d by t h e p u b l i c . A t a b l e on money supply and
o t h e r major l i q u i d a s s e t s h e l d by t h e p u b l i c i s included f o r t h e f i r s t
time t h i s month (Table 7 ) . The d a t a f o r each of t h e s e r i e s i n t h i s
table are seasonally adjusted.
These d a t a show t h a t t o t a l l i q u i d a s s e t s h e l d by t h e p u b l i c
r o s e d u r i n g t h e f i r s t q u a r t e r of i960 b u t a t a somewhat slower r a t e than
i n t h e p r e v i o u s two y e a r s . The a n n u a l r a t e of growth i n t h e q u a r t e r was
about $13 b i l l i o n o r 3 . 4 p e r c e n t , compared w i t h i n c r e a s e s of $18 and
$19 b i l l i o n or about 5 p e r c e n t i n 1958 and 1959, r e s p e c t i v e l y . Annual
i n c r e a s e s d u r i n g t h e o t h e r y e a r s of t h i s decade had f a l l e n w i t h i n a
narrow range of $10-12 b i l l i o n .
Growth i n p e r s o n a l - t y p e savings (time d e p o s i t s , s a v i n g s and
l o a n s h a r e s , and s a v i n g s bonds) in t h e f i r s t q u a r t e r of i 9 6 0 wad moderate,
of i t a t s a v i n g s and l o a n a s s o c i a t i o n s . Time d e p o s i t s a t commercial
and mutual s a v i n g s banks were unchanged while s a v i n g s bonds o u t s t a n d i n g
continued t o d e c l i n e .
T o t a l s h o r t - t e r m Government debt o u t s i d e banks r o s e $3 b i l l i o n
i n t h e f i r s t q u a r t e r of i960, r e f l e c t i n g in l a r g e p a r t a c q u i s i t i o n by
t h e p u b l i c of 91-day b i l l s from t h e F e d e r a l Reserve and commercial banks.
The r a t i o of commercial bank d e p o s i t s ( a d j u s t e d ) and currency
t o t o t a l l i q u i d a s s e t s d e c l i n e d d u r i n g t h e f i r s t q u a r t e r from 5 3 . 1 p e r
c e n t t o 5 2 . 4 p e r c e n t . T h i s r a t i o h a s been d e c l i n i n g s t e a d i l y s i n c e
e a r l y 1959. Over most of t h e p a s t decade, i t remained c l o s e t o 55 p e r
cent.
Bank r e s e r v e s . Het borrowed r e s e r v e s of member banks averaged
$195 m i l l i o n i n A p r i l , with weekly l e v e l s f l u c t u a t i n g from $45 m i l l i o n
t o $270 m i l l i o n . I n March, n e t borrowed r e s e r v e s had averaged $220
m i l l i o n . Average borrowings a t $605 m i l l i o n and excess r e s e r v e s a t $410
m i l l i o n were l i t t l e d i f f e r e n t from a month e a r l i e r .
Hot f o r p u b l i c a t i o n
During A p r i l , on a d a i l y average b a s i s , r e s e r v e s were supplied
p r i n c i p a l l y by an i n c r e a s e of $180 m i l l i o n in F e d e r a l Reserve holdings
of . U . S . Government s e c u r i t i e s , i n p a r t under repurchase agreements.
Purchases were heavy around t h e midmonth when r e q u i r e d r e s e r v e s r o s e
s h a r p l y a s a r e s u l t of bank a c q u i s i t i o n s of new Treasury i s s u e s ; subseq u e n t l y , holdings were reduced. Beserves were absorbed by currency o u t flows and by some b u i l d - u p in Treasury d e p o s i t s a t t h e Reserve Banks.
Required r e s e r v e s increased $85 m i l l i o n over t h e month. They declined
during t h e f i r s t h a l f of A p r i l and then r o s e s h a r p l y , over $500 m i l l i o n
i n t h e week of t h e 2 0 t h , i n connection with t h e Treasury f i n a n c i n g .
Subsequent d e c l i n e s were s m a l l .
Hot f o r p u b l i c a t i o n
Banking S e c t i o n ,
Division of Research and S t a t i s t i c s ,
Board of Governors of t h e Federal Reserve System.
May 12, I960
L.U.3
Table 1
Estimated Changes i n Loans and Investments a t A l l Commercial Banks
( i n b i l l i o n s of d o l l a r s )
—
.Luem
Total loans ( l e s s bank)
Business 2 /
Real e s t a t e
Security
Agricultural
Consumer
Nonbank f i n a n c i a l
All other 2 /
Sales f i n a n c e companies
Business l e s s s a l e s f i n a n c e
Last Wednesday of Mar, t o l a s t Wednesday of April
I960
+
l.k
+ ¥l
+ O.ii
+ 0.1
+ 0.3
+ 0.2
+ 0.2
>
1959 5 /
1958
+ 1.9
+ O.ii
+
+
+
+
— 0.8
+ 0.1
+ 0.8
O.ii
O.ii
O.ii
0.1
O.ii
3/
+ 0.2
y
+ 0.1
3/
+ 0.1
+
1957
1956
1955
0.6
+ 0.6
+ 0.6
¥
+ 0.2
— 0.1
+ 0.2
2/
+ 0.2
+
+
+
0.3
0.2
0.1
0.1
0.2
3/
+ 0.1
+ 0.2
+ 0.2
+ 0.2
— 0.5
+ 0.3
3/
+ 0.1
+ 0.1
+ 0.3
-0.3
- 0.5
+ 0.1
- 0.1
+ 0.3
1/
+ 0.2
y
— 0*1|
+ i.ii
U. S, Government s e c u r i t i e s
+ 1.6
+ O.ii
+ 3.2
+ 1.8
Other s e c u r i t i e s
- 0,1
+ 0.3
+ O.ii
+ 0.2
y
y
+ 2,9
+ 2.7
+ ii.l
+ 2.it
+ 0.2
+ 2,0
Total ( l e s s bank)
Item
Total loans ( l e s s bank)
Business 2 /
Real e s t a f e
Security
Agricultural
Consumer
Nonbank f i n a n c i a l
All other 2 /
Sales f i n a n c e companies
Business l e s s s a l e s finance
Last Wednesday of Mar. t o l a s t WeeInesday of April
19$)
1954
1953
1952
1951
— 0,5
+ 0,3
+ O.ii
1/
- 0.5
+ 0.1
— 0.1
- ¥.3
- 0.1
+ 0.6
+ 0.1
+ 0.1
- 0.1 ' - 0.3
+ 0.1
+ 0.2
— 0.2
+ 0.2
+ 0.1
- 0.1
+ 0.1
. 1
+
ȴ.1
+ 0.1
3/
- 0.1
n.a.
n. a.
n.a*
n.a*
+ 0.1
n. a.
n . a*
n.a*
n . a*
+ 0.1
1/
+ 0.3
¥.2
+ 0.1
— 0.6
, + 0.1
yj
y
1919
- 1*1
-¥.$
- 0.2
*= 0*6
n.a.
11* a*
n.a.
n* cl*
U. 5 . Government s e c u r i t i e s
+1.4
— 1.6
— 0.6
— 0*3
— 0.3
+1.1
Other s e c u r i t i e s
+ 0,1
+ 0.1
+ 0.1
+ 0.2
- 0.1
y
T o t a l ( l e s s bank)
+ 1,1
- 0.2
- 0.3
- 1*2
-0.1
- 0.1
f
vuen
iuxa.xj.uii, i i , a . iiuu avaiiaDxe. c/ uax-a are on r e v i s e d b a s i s
beginning June 1959 and exclude loans t o nonbank f i n a n c i a l i n s t i t u t i o n s . For
previous y e a r s , loans t o s a l e s f i n a n c e companies a t weekly r e p o r t i n g banks have been
shown s e p a r a t e l y t o provide roughly comparable changes i n business loans on revised
b a s i s , _3/ included i n b u s i n e s s and "other l o a n s " , i | / See above d a t a ,
Total c r e d i t increased about $200 million as a r e s u l t of i n c l u s i o n of a n a t i o n a l
bank la-Hawaii. Loans were increased about $120 m i l l i o n ; Government s e c u r i t i e s
about $60 millions and o t h e r s e c u r i t i e s about $20 m i l l i o n .
Not f o r p u b l i c a t i o n
LeUe3
Table 1
E s t i m a t e d Changes i n Loans and Investments a t A l l Commercial Banks
(In billions of dollars)
— — —
End of December t o l a s t Wednesday of A p r i l
1959 6/
I960
1958
1957
1956
J/u6Iu
T o t a l l o a n s ( l e s s bank)
Business 2 /
Real e s t a t e
Security
Agricultural
Consumer
Nonbank f i n a n c i a l
All other 2 /
S a l e s f i n a n c e companies
Business l e s s s a l e s f i n a n c e
+ 1.8
- 1.3
+ 0.1
+ 1.9
+ l.h
+
+
+
+
+
+
+
0.2
1.0
o.lt
0.1
0.8
- 2.1
+ 0.2
+ 0.8
+ 0.3
— 0.3
+ 0.3
1/
+ 1.6
+
- 0.1
+ 0.3
•
siz
- 072
if
— 0*6
- 0.2
+ 0.5
2/
+ 0.2
+ 0.7
+ 0.8
— 0.2
— 0.8
+ 0.6
3/
+ 0.3
— 0.8
- 1.3
+ 0.2
+ 0.1
- 0.3
+ 1.9
+ 0.3
+ O.lt
— lei
— 3»h - 3»k
0.6
0.3
1.2
0.2
0.2|
— 0 . 5
+
0 . 5
Yy
— 0 . 5
- 3.1
— 2.8
+ lj..6
Other s e c u r i t i e s
— 0 . 5
+ 0.3
- 3.2
1 - 0.6
+ l.h
+
+
h. 7 11 -
Item
T o t a l l o a n s ( l e s s bank)
Business 2 /
Real e s t a t e
Security
Agricultural
Consumer
Nonbank f i n a n c i a l
All other 2 /
0 . 6
O.lt
- 0.1
+ 0.7
0.7
- 1.6
- 1.2
End of December t o l a s t Wednesday of A p r i l
195k
1953
1952
- 1.1
+ 0.7
— 1.0
+ 0.2
— 0.6
+ 0.5
— 0.3
- 0.1
+ 0.3
-
0 . 5
- 0.1
+ 0.9
1
195b
+ 0.2
+ 1.7
+ 0.6
- l.k
+
+
+
+
0.7
0.2
0.3
0.1
0.2
+ 1.7
+ 0.4
— 0.6
+ 0.1
+
+
+
a
+ 0.2
0.3
0.6
0.3
0.2
0.3
3/
- 0.1
n.a.
n. a.
n.a.
n.a.
+ 0.1
n.a.
n.a.
n • a.
n.a.
n.a.
n.a.
n. a.
n.a.
— 0.6
H/
+ 0.2
— 0.2
— 0.8
- 0.1
- 0.3
— 0.1*
U. S . Government s e c u r i t i e s
- 1.3
-
- 1.0
-
- 1»5>
Other s e c u r i t i e s
+ 0.5
+ 0.3
+ O.lt
+ 0.2
+ 0.8
. T o t a l ( l e s s bank)
2 /
y
19h9
1951
if
S a l e s f i n a n c e companies
Business l e s s s a l e s f i n a n c e
1955
+ 0.5
U. S. Government s e c u r i t i e s
T o t a l ( l e s s bank)
V
y
- 1.9
- 3.6 ,
— 0.6
- 1.7
1/
- 2.0
n . a . Not a v a i l a b l e . 2 / Data a r e on revised b a s i s
beginning June 1959 and exclude l o a n s t o nonbank f i n a n c i a l i n s t i t u t i o n s . For
previous y e a r s , l o a n s t o s a l e s f i n a n c e companies a t weekly r e p o r t i n g banks have been
shown s e p a r a t e l y t o p r o v i d e roughly comparable changes i n b u s i n e s s l o a n s on r e v i s e d
b a s i s . 3 / Included i n b u s i n e s s and " o t h e r l o a n s " , k / See above d a t a .
5 / Dates a r e f o r December 31* 6 / As a r e s u l t of bank s t r u c t u r e changes i n January and
A p r i l 1959 t o t a l c r e d i t i n c r e a s e d over $600 m i l l i o n ; t o t a l l o a n s $1*00 m i l l i o n ; U. S.
Government s e c u r i t i e s , $200 m i l l i o n ; and o t h e r s e c u r i t i e s , $100 m i l l i o n .
Digitized forNot
FRASER
for publication
L.U.3
Table 2
Changes in loans and Investments at Weekly Reporting
»r Banks and Nonreporting
^ __
Ifenfeer
Banks
( I n b i l l i o n s ©f doH
Last Wednesday i n Mar, t o l a s t Wednesday i n A p r i l
Item
Weekly r e p o r t i n g banks
1960
1959
1958
+ 0.6
+ 1.5
+ 0.9
- 0.1
2/,
+ 2.ii
+ 0.2
• 2.7
+
+
+
+
*
+
+
+
O.Zi
0.8
0.2
+ 1.0
+ 0.1
l.Zt
+ 1.3
1957
1956
0.2
0.8
0.1
1.1
- 0*5
—0.1
- 0.3
1955
1/
Total loans
U. S . Government s e c u r i t i e s
Other s e c u r i t i e s
T o t a l l o a n s and investments
- 0.1
+ 2.0
+ 0.2
+ 1.0
+ 0.3
+ 0.1;
+ 1.1
~ 0.1
+ l.ii
NonreBoitlng banks 1 /
Total loans
U. S . Government s e c u r i t i e s
Other s e c u r i t i e s
T o t a l l o a n s and investments
y+ i . o
0.5
Q- 1
T-57T y * i . 7
* 0.8
* 0.1
¥;
+ Ooli
+
+
+
+
0.3
0.1
0.1
0.5
+
+
+
;
0.2
0.3
0.1
0.^
Last We<dnesday i n Mar. t o l a s t Wednesday i n April
Item
195k
Weekly r e p o r t i n g banks
1953
1952
1951
1950
1919
1/
T o t a l loans
U. S . Government s e c u r i t i e s
Other s e c u r i t i e s
T o t a l loans and investments
+
+
+
0.6
1.3
0.1
0.8
2/
= 1.3
- 0oil
+ 0.1
+ 0.1
+ 0.3
- 0.2
•• 0 . 1
=° 0 . 2
- f t
2/
— 0.1
- §{2
2/
- 0.3
+ 0.1
2/
+ 0.2
- 0.2
2/
2/
2/
— 0.1
+ 0.1
™1.0
+ 1.2
2/
+ 0.1
Nonreporting banks 1 /
T o t a l loans
U* S. Government
Other s e c u r i t i e s
T o t a l loans and investments
2/
+ 0.3
+ 0.1
£/
vijcu^eo are on revised Dasis.
+ 0.1;
+ Oil
+ 0.2
- 0.1
- 0.1
- 0.1
- 0.1
— 0.2
2 / l e s s than $50 m i l l i o n .
s t r u c t u r e changes i n A p r i l s t o t a l c r e d i t Increased about $200
t o t a l loans about $120 m i l l i o n ; Government s e c u r i t i e s about #60 m i l l i o n and o t h e r s e c u r i t i e s about #20 m i l l i o n .
'
Not f o r p u b l i c a t i o n
• 8 •
L.h.3
Table 2
Changes in $®ans and Investments at Weekly Reporting
Ifeufeer Banks and Nonrepoi
(& Millions of do?
Last Wednesday i n Dec, t o l a s t Wednesday in April
Item
I960
Weekly r e p o r t i n g banks
1959
1958
1957
+ 0.i|
- 1*7
+ lt.1
+ 1.0
- 0.7
- 0.7
1956
1955
1/
Total loans
TJ« S . Government s e c u r i t i e s
Other s e c u r i t i e s
T o t a l l o a n s a n d investments
0.6
— 2.6
1.5
0.3
2.3
+ 0.3
- 1.9
+ 0.2
- 1.2"
+ 1.2
— 2.6
2/
- l.lj
+ 0.8
- 2.9
+ O.li
- 1.7
Kanregorting banks 1 /
Total loans
U, S . Government s e c u r i t i e s
Other s e c u r i t i e s
Total l o a n s and investments
Weekly r e p o r t i n g banks
+ 1.1
•• 1 . 6
- 0.2
+ 1»U + 0.]|
- 0.2
W 2/
+ 0.5
+ o.It
+ 0.8
— O.li
+ 0.2
+ 0.7
— 0.8
+ 0.6
— o. 5
1.3
+ 1.2
+ 0. T
- 0.2
- 0.1
+ 0.3
+ 0.5
1954
1953
1952
1951
195b
192*9
- 1.9
— 0.6
+ 0.5
— 2.0
— 0.1
- 3.7
+ 0.2
- 3.6
+
-
0.3
0.8
0.3
0.7
+
+
-
0.9
2.9
0.1
1.9
-if?
+ 0.6
- 0.9
+ 0.1
- 1.4
+ 0.8
- 0.7
2/
+ 0.1
+ 0.8
- 0.7
+ 0.1
2/
+
~
+
+
0.5
0.2
0.1
0.1
+
+
+
0.8
0.6
0.1
0.2
+ 0.6
2/
+ 5.2
+ 0.9
+ 0.1
— 0*6
• 0#1
— 0«6
- o.9 y-
1/
T o t a l loans
U. S. Government s e c u r i t i e s
Other s e c u r i t i e s
Total loans and investments
"I/
5
Nonreporting banks 1 /
T o t a l loans
U. S. Government
Other s e c u r i t i e s
T o t a l loans and investments
->-7?7 vuaqgeg a r e on r e v i s e d b a s i s .
2/ Less than $50 m i l l i o n .
Not f o r p u b l i c a t i o n
*» 9 L.U.3
Table 3
Changes i n Commercial and I n d u s t r i a l Loans l /
(In m i l l i o n s of d o l l a r s )
Business of Borrower
Food processors
Commodity d e a l e r s
Trade concerns
Total
— Last Wednesday i n March ,to Last, Wednesday i n Anril
I960 (5/1959[5/19581 195? I 1956 | 1 9 # ( 1951* 5/1953
g/19^3 5/1952
- 166
- 86
+ 103
11*9
Sales finance
All other - t o t a l
Metals and products
T e x t i l e s , apparel
and l e a t h e r
Petroleum, c o a l e t c .
Other manufacturing
and mining
Public u t i l i t i e s
Construction
All other types of
business
Classified
Unclassified
T o t a l change
Total change excluding
sales finance
- 106 - 152
- 1*5
?1*
83
<=> 25
93
+ 60
1*1* - 179
a
+ 126
+
10
55
80
_91
-130
-109
+
21*
182
92
20 31 -
66
17
367
272
26
19
87
h6
29
57
76
28
11
18
118
39
1* + 28
16
38
11
+
9
=
22
1*5 t
66 20
9
39
16
170
77
68
81*
+ 103
86
J5
+ v
58
+
77
+ 16
+ 198
+
1
- 11*7
190
- 88
93
+
7
53
228 - 230
11 t
80
1*3
6
8
27
135
76
• 93
+ 31
26
. 281
•
5
• 1*Q
36
29 - 19
+ 23 + 19
36
1
6
1
27
12
+
9
75
15
68
18
21
+ 18
690
22
27
57
1*8
50
+ 100
1*15 — 62
2/-152 3 / ~ l 6 5
7k
326
53
668
81*
98
2/» 52 2 / - 5 8 0
136
379
57
2/-250 3/-569
212
371*
1*86
31*
25
l / P r i o r t o week endirig January 11, 1956, includes changes i n a g r i c u l t u r a l l o a n s ,
2 / Includes CCC c e r t i f i c a t e s of i n t e r e s t which are estimated t o hare declined $129
million,
3/ Includes CCC c e r t i f i c a t e s of i n t e r e s t which are estimated t o have declined $5b
million,,
V Not included i n business loans on revised b a s i s „
1 / In order t o keep comparisons on a four-week b a s i s t h e following d a t e s were used:
1959, A p r i l 1-29? 1958, A p r i l 2-30fi 1953, A p r i l 1-29; 1952,, A p r i l $-30„
Not f o r p u b l i c a t i o n
199
108
— 10 L • ii • 3
Table 3
Changes i n Commercial and I n d u s t r i a l Loans 1 /
(In m i l l i o n s of d o l l a r s )
Business of Borrower
Food processors
Commodity d e a l e r s
Trade concerns
Total
Sales f i n a n c e
All other - t o t a l
Metals and products
T e x t i l e s , apparel
and l e a t h e r
Petroleum, c o a l e t c .
Other manufacturing
and mining
Public u t i l i t i e s
Construction
All other types of
business
Classified
Unclassified
T o t a l change
Total change excluding
sales finance
I&st Wednesday i n DecBidber t o l a s t Wednesday i n April
I960
19#
122L
1929
19#
- 513 - 395 - 577 - 379 - 2lt5
- 561* - 227 - 237 - 336 - 183
+ 217 - 157 - 60 + 187
=~77T
4 0 W
v
+ Ht
- 778
+ 210
- 127
TTW
+ 21h + i i a
- 35 - 1 0 5
+ 20 9
- 103
38
78
+ in
- las
22
-
77
+ 1*16 - 181
8
59
+
-
+1,689 + 71*7 - 102
W
72 - 148
+ 232
+ 186
+ 303
-
2
85 - 151 -
1*0
30
-
1*0
- 1 , 8 7 5 + 253
- 198 - 173
80
- 1 , 2 9 5 - ikd
- 230
-
- 717
- 1*61*
- lOlt
-1,285
1 - 322
+ 618 +1,032
+ 31*0 + 989
+ 186 + 60 + 129 - 18
+ 271 - 52" + 50 + 166
59
98
31
2
- 397 - 1*52
- 302 - 1*18
- 61 + 182
- 760
+ 799
7 W
76 + 123
- 131 + 101
+ 1*75 - 173 - 2 , 0 7 3
+ 1*75 - 187
1*0 9
369
1*9
72 9
- 280
+ 139
+ 261
-
+
-
+ 228
91* + 11*2
81 + 82
+
1221 125k 1222 2222.
+
25 + 60
7
19 + 100 - 79
25 + 5 - 19
39
-
31 -
67
+1,167 + 320 -1,092 - 70
572
51 2/-200 1 / - 1 0 5 - 187 - 51*
+1,218 2/+122 £*VL97
- 257 - 626
+1,1*98 2/-181V-967
- 256 - 301*
1/ P r i o r t o week ending January 11, 1956, i n c l u d e s changes i n a g r i c u l t u r a l l o a n s .
2 / Includes CCC c e r t i f i c a t e s of i n t e r e s t which a r e estimated t o have declined #300
IiuL JLJLXOH*
2 / includes CCC c e r t i f i c a t e s of i n t e r e s t which a r e estimated t o have increased $125
million#
h / Not included i n b u s i n e s s loans on revised b a s i s .
Not f o r p u b l i c a t i o n
Table it
E s t i m a t e d Changes i n D e p o s i t s and Currency
(In B i l l i o n s of d o l l a r s )
Item
Seasonally
data 1 /
Demand
usiect
Currency o u t s i d e banks
Total
Seasonally unadjusted data 1 /
Demand d e p o s i t s a d j u s t e d —
Currency o u t s i d e banks
Total
Time d e p o s i t s
Commercial banks
Mutual s a v i n g s banks
U, S . Government d e p o s i t s
Total
Factors affecting deposits
and currency
Bank l o a n s and i n v e s t m e n t s
o t h e r t h a n U. S. Govt. s e c . 3 /
—
Commercial
Mutual s a v i n g s
Bank h o l d i n g s of U. S .
Government s e c u r i t i e s :
F e d e r a l Reserve
Commercial
Mutual saving and o t h e r
Gold stock and f o r e i g n
d e p o s i t s a t F . R. Banks
Other f a c t o r s
L a s t Wednesday i n March t o l a s t Wednesday in A p r i l
I960
I 1959 V
1928
+ 0.1
- 0.2
- 0.1
+ 0.1
2/
+ 0.1
0.2
2/
To^r
+ 2.7
- 0.2
+ 2.5
+ 2.2
2/
+ 2.2
+ 0.1;
+ 2.6
+ 0.2
+ 2.1
+ 0.3
+ 0.3
2/
+ 0.1
+ 3.0
+ O.it
!/
+ 0.7
+ 3»h
0.6
"075"
+ 2.8
+ 1.1
+ 1.1
+ 0.1
1957
+ 0.1
T & r
+ 0.3
+ 0.3
+ o(h
1956
1955
+ 0.3
+ 0.2
-+ 0.2
-izL
+ 1.7
+ 2.1
0.1
- 0.2
1/
+ 0.1
— O.li
+ 3.5
+ 2.8
- 2.0
- o.it
r o x
+ 0.2
+ 0.2
I
+ 0.
+ 2.
(signs indicate
+ 1.6
+ 1.3
+ 0.1
+ 2.it
+ 2.1
+ 0.2
+ 1.0
+ 0.8
+ 0.2
+ 1.0
+ 0.8
+ 0.2
+ 1.8
+ 0.2
+ 1.6
+ 0.5
+ 0.1
1
+ o.lt
2/
+
+
+
-
2/
+ 0.5
- 0.5
— O.lt
- 0.1
3.1l
0.2
3.2
0.1
1.7
+ 0.1
+ 1.8
- 0.2
2/
+ 0.1
+ 0.9
- 0.9
^ o X
— Oelt
— 0*1
y,
• Oolt
+ 0.8
+ 0.6
+ 0.2
+ l.lt
TYu
2/
- o.i
+ 0.3
1 / S e a s o n a l l y a d j u s t e d d a t a a r e f o r l a s t Wednesday t h r o u g h o u t ; u n a d j u s t e d d a t a a r e f o r '
l a s t Wednesday e x c e p t i n case of June and December c a l l d a t e s , when a v a i l a b l e .
2 / Less t h a n $50 m i l l i o n .
3 / T o t a l i n c l u d e s f o r e i g n l o a n s on g o l d , h o l d i n g s of b a n k e r s ' a c c e p t a n c e s a t t h e
F e d e r a l R e s e r v e , and l o a n s t o f o r e i g n banks3 changes i n t h e s e items a r e g e n e r a l l y
r e l a t i v e l y s m a l l . Even i f t h e r e were no changes i n o t h e r i t e m s , changes a t comm e r c i a l banks exclude a l l i n t e r b a n k l o a n s , domestic and f o r e i g n , w h i l e t o t a l l o a n s
exclude o n l y t h o s e t o domestic banks• Txi a d d i t i o n t h e r e i s some l a c k of
s y n c h r o n i z a t i o n i n r e p o r t i n g a s s e t and l i a b i l i t y items used i n computing " l oa n s n e t " ,
k / In A p r i l 1959, as a r e s u l t of t h e a d d i t i o n of a bank i n Hawaii, demand d e p o s i t s
a d j u s t e d i n c r e a s e d about $100 m i l l i o n and time d e p o s i t s i n c r e a s e d about $100 m i l l i o n .
Not f o r p u b l i c a t i o n
-12
L.U.3
-
Table 1:
E s t i m a t e d C o n g e s i n D e p o s i t s and Currency
( I n b i l l i o n s of d o l l a r s ;
Item
Seasonally adjusted data l /
Demand d e p o s i t s a d j u s t e d
Currency o u t s i d e banks
Total
Seasonally unadjusted data 1 /
Demand d e p o s i t s a d j u s t e d ~~
Currency o u t s i d e banks
Total
Time d e p o s i t s
Commercial banks
Mutual s a v i n g s banks
U. S . Government d e p o s i t s
Total
Factors affecting deposits
and c u r r e n c y
Bank loand and i n v e s t m e n t s
o t h e r t h a n U. S. Govt, s e c . 3 /
Commercial
~~
Mutual s a v i n g s
Bank h o l d i n g s of U, S .
Government s e c u r i t i e s :
F e d e r a l Reserve
Commercial
Mutual saving and o t h e r
Gold stock and f o r e i g n
d e p o s i t s a t F . R. Banks
Other f a c t o r s
End of December t o l a s t Wednesday of Apr:11
I960
-0.8
- 3.9
- 1.5
+ 0.7
+ o.l*
+ o.U
- o«5
- 5.2
' 1959 h / \
1958
19#
+1.5
+ 0.1
+ 1.6
+ 1.1
+ 0.1
+ 1.2
— 0.1
- 3.0
— 0.8
- 3.ti
+ 1.6
+ 1.3
+ 0.3
- 3.1
- 0.7
— j.8
+ It.5
+ 3.8
+,0.8
+
+
+
— 2*1
+ 2.1
^T7T
— 3.6
+ 1.1
+ 0.1
+ 0.9
•f _ ^
+ 1.0
+ 0.8
+~T78~
+ 3.9
- 3.0
r x T
+ 0.2
+ 1.3
+ 0.2
+ 0.1
-
h.l
0.9
5.0
2.7
2.3
O.lt
+ 0.2
1956
1955
+ 0.3
- 0.2
+ 0.1
+ 1.7
T &
— 3.8
- 2.1
- 1.2
— 1«3
T-£T
-~XF
+ 0.9
+ 0.9
+
+ O.lt
+ 0.6
+ 0.6
0.1|
+ 0.6
+ 0.5
— i.y
i i n d i c a t e e f f e c t on
I L
+ 5.6
° L.L
- 1.2
- 3.1
- 0.1
+ 0.1
- 0o9
+ 2.2
+ 2.0
+ 0.5
- 3»h
— 0.7
— 2.8
— O06
+ I4.6
+ 0.1
- 0.1
- 0.2
- 0.7
— 0.7
- 2.2
•= 1 . 1
- 0,1
+ 0.3
- 0.3
+ 2.9
+ 2.5
+ 2.1
+ 0.8
+ 0.9
- 5.0
" 3eh
2/
+ 0.1
- 1.2
- h.l
r
X T
™ 3oh
2/
+ 0.1
- 0.1
-—v
—
, viuvweuvuv; uiietujuowu uaua a r e l o r
l a s t Wednesday e x c e p t i n case of June and December c a l l d a t e s , when a v a i l a b l e .
2 / Less t h a n $50 m i l l i o n .
3 / T o t a l i n c l u d e s f o r e i g n l o a n s on g o l d , h o l d i n g s of b a n k e r s ' a c c e p t a n c e s a t t h e
F e d e r a l R e s e r v e , and l o a n s t o f o r e i g n b a n k s ; changes i n t h e s e items a r e g e n e r a l l y
r e l a t i v e l y s m a l l . Even i f t h e r e were no changes i n o t h e r i t e m s , changes a t comm e r c i a l banks exclude a l l i n t e r b a n k l o a n s , domestic and f o r e i g n , w h i l e t o t a l l o a n s
exclude o n l y t h o s e t o domestic b a n k s . In a d d i t i o n t h e r e i s sane l a c k of
s y n c h r o n i z a t i o n i n r e p o r t i n g a s s e t and l i a b i l i t y i t e m s used i n computing " l o a n s n e t "
y ^ / a n u a r y and A p r i l 1959, a s a r e s u l t of bank s t r u c t u r e changes, demand d e p o s i t s
a d j u s t e d a t commercial banks i n c r e a s e d #200 m i l l i o n and time d e p o s i t s $3)0 m i l l i o n .
Deposits a t mutual s a v i n g s banks d e c l i n e d $300 m i l l i o n .
Not f o r p u b l i c a t i o n
- 13 Table 5
Free Reserves
(excess r e s e r v e s minus member bank borrowings;
based on averages of d a i l y f i g u r e s ; i n m i l l i o n s of d o l l a r s )
All
member
New York
Chicago
Reserve
city
-
Country
Q u a r t e r l y averages
1958:
First
Second
Third
Fourth
311i
508
32*1
25
First
Second
Third
Fourth
- 82
- 363
- 528
- h39
- 202
- 168
-
I960:
First
- 313
-
h6
- 123
1959:
January
February
March
April
May
June
July
August
September
October
November
December
-
-
65
28
16
-
89
I960:
-
-
59
hi
IliO
258
318
513
557
535
- h93
-
17
- 19h
-
25
52
-
-
67
-
56
h2
- 215
- 393
83
-
-
51
15
- 151
- 225
- 227
- 210
- 109
- 360
- 361
-
- 219
- 195
March
April
- 267
May
-
- 159
- It35
- 125
January
February
March
April
30
6
13
20
27
it
16
- 2hl
- 201
- 199
- U5
- 229
- lQh
-
88
5o
1
31
3
- 18
— 16
- lit
10
-
h
h
1
-
27
63
55
h2h
280
385
- 357
212
-
281
202
- h31
223
195
228
281
360
535
182
- 391
- 338
- 369
- 90
- 126
- 152
- 100
-
139
381
252
251
-
-
196
285
297
236
-
366
122
225
137
11*6
196
• 1 1 1 1 1 1 1 1 1 1 1
1959:
-
-
10
18
28
Ui
19h
178
133
101
12h
- h20
115
169
171
180
237
- hh9
197
115
135
100
93
hi
257
191
182
190
117
lilt
2lt5
153
281*
78
- 2hl
- 255
1
Note;
Data f o r second h a l f of A p r i l and May a r e preliminary«
L.U.3
- lb Table 6
Changes i n fenfcer Bank Reserves, with Relevant F a c t o r s
(Monthly average of d a l l y f i g u r e s ; i n m i l l i o n s of d o l l a r s )
April
Item
January - A p r i l
Year ending Apr.
I960
1959
I960
1959
I960
1959
+ 83
+ 279
- 756
- 135
- 553
+ b76
+
-
+ 279
- 1*3
+ 235
- 756
- 135
- 99
- 235
+
-
Member bank r e s e r v e s
Required r e s e r v e s 1 /
E f f e c t of change i n
requirements
E f f e c t of deposit change
Excess r e s e r v e s 1 /
Total r e s e r v e s held
Cash allowed as r e s e r v e s
Reserve balances
83
8
+ 1
+ 73
Principal factors
7b
+ 235
- 235
+
+
311t
790
205
270
+ 270
signs i n d i c a t e e f f e c t on reserves)
Currency i n c i r c u l a t i o n
Gold stock and f o r e i g n
accounts
Treasury operations
Federal Reserve f l o a t
Other f a c t o r s
E f f e c t of above
f a c t o r s on r e s e r v e s
-
- 831
- ij.6
- 785
553
10
563
2#T
821
— 85
-
78
+1,061
+1,066
- 1*09
- 651
- 12
- Ill
+ 16
-
16
+ 80
+
17
70
+
+
+
-1,779
+ 72
+ 3b
- 181
- 28
- 559
-
-
5>0
88
-
9
- 19
- 3bh
919
331
ll*5
272
+
73
-
13
+ 300
-
+1,078
+ 2 9b
- 580
-2,298
h
Federal Reserve loans and
investments:
Total
U. S. Govt, s e c u r i t i e s
Outright
Repurchase agreements
Acceptances
Discounts and advances:
To member banks
To others
1/
Preliminary f o r A p r i l I960.
Not f o r p u b l i c a t i o n
+ 163
+ 286
-1,863
- 530
- 21*1
+2,568
+ 178
+ 215
t t w
+ 77
3
-1,51*7
—1,620
+ 73
- 651
- 678
-
+
27
-
9
- 172
- 165
7
+ 2
+2,012
+1,900
+ 113
8
+
-
- 30k
+ 16
+
+ 51*6
+ 18
+ 112
67
1
-
33
19
75
1
28
+ 119
+ 11
71*
3
Table 7
Liquid Assets Held by the Public
-15 -
( S e a s o n a l l y a d j u s t e d d a t a ; amounts i n b i l l i o n s of d o l l a r s )
End of
y e a r or month
1950
1951
1952
1953
1954
1955
1956
1957
271.7
284.1
296.2
308.4
318.2
330.5
340.0
351.7
369.7
1958
1959
Demand
Total d e p o s i t s T o t a l
liquid adjusted personalassets
and
type
(2+3+8) currency s a v i n g s
o u t s i d e (4+5+6+7)
banks l /
2
s
January
February
March
April
May
June
July
August
September
October
November
December
371.0
373.3
574.7
377.8
380.6
383.6
385.8
386.9
387.9
387.8
388.2
388.4
114.6
120.2
124.1
126.6
130.0
133.5
134.5
133.6
138.8
128.8
132.6
140.5
148.6
158.2
166.5
174.1
182.8
196.8
139.5
139.6
140.3
140.4
140.6
140.9
141.2
140.9
140.8
140.4
140.1
140.2
197.3
198.0
198.5
199.4
200.3
200.9
201.5
202.2
202.9
202.9
203.6
203.9
P e r s o n a l - t y p e savings
U. S. Gov't
Time d e p o s i t s
Savings
securities
adjusted l /
and
U.S.
Govt
maturing
Commer- Mutual
loan
savings
w
i t h i n one
m e r c i a l savings
shares
bonds
year
banks
banks 2 /
_1
36.3
37.8
4O.6
43.6
46.8
48.5
50.7
56.4
63.4
63.8
64.0
64.0
64.3
64.6
64.8
64.9
65.2
65.6
65.5
65.9
6%9
_2Z_
Commercial
bank demand
and time deposits adj.
and currency
(2 + 4)
Ratios
Commercial
bank d e p o s i t s
+ currency t o
total liquid
assets
(9 * 1)
10
JL
8
9
28.3
31.3
31.6
33.2
30.0
30.5
31.4
35.3
150.9
158.0
164.7
170.2
176.8
182.0
185.2
190.0
202.2
55.5
55.6
55.6
55.2
55.6
55.1
54.5
54.0
54.7
203.3
203.6
204.3
204.7
205.2
205.7
206.1
206.1
206.4
54.8
54.5
54.5
54.2
53.9
53.6
53.4
53.3
53.2
53.1
53.1
53.1
23.0
23.6
25.2
26.7
28.5
30.0
31.6
33.0
35.1
14.0
16.1
19.1
22.8
27.3
32.1
37.0
41.7
47.7
55.6
55.2
55.6
55.5
55.6
55.9
54.8
51.7
50.6
34.9
35.1
35.2
35.4
35.5
35.6
35.6
35.7
35.8
35.7
35.8
35.9
48.2
48.7
49.2
49.8
50.4
51.0
51.7
52.2
52.8
53.2
53.6
54.2
50.4
50.2
50.1
49.9
49.8
49.5
49.3
49.1
48.8
48.5
48.3
47.9
34.2
34.2
35.6
35.9
38.0
39.7
41.8
43.1
43.9
44.1
44.5
44.4
44.3
;
205.9
206.0
206.1
I960: January
389.8
140.0
204.0
65.7
35.8
54.8
47.7
45.4
206.1
52.9
February
388.0
139.1
204.3
65.7
35.8
55.4
4
7
.
4
4
4
.
6
204.8
52.8
March t>
_391.7
139.5
205.1
36.0
..0,9
47.2
55.9
47.3
205.4
52.4
p P r e l i m i n a r y ]Jr Data f o r demand and time
J
r
„
i
"
V
~
"
7
%—
"TT
p
o
s
i
t
s
a
d
j
u
s
t
e
d
and
currency
o
u
t
s
i
d
e
banks
a
r
e
as
of
t
h
e
l
a
s
t
Wed.
of
month or y e a r
es s vln
0 1
ln
t
o
1955
d
a
t
a
a
r
e
p
a
r
t
l
y
e
s
t
i
m
a
ted.
„
t
«
f
J*
?
?®
P
o
s
t
a
l
Savings
System,
j
/
P
r
i
o
r
4 / Includes a l l
savings on s e l d by i n v e s t o r s o t h e r than banks and TJ. S. Government agencies and t r u s t fund
Table 8
Ratios t o T o t a l Deposits
1/
U. S. Govt, s e c u r i t i e s maturing w i t h i n
1 year
LOANS
A l l commercial
Total
banks
Date
Member Banks
^BntraL reserve c i t y Reserve
Country
New York
. city
1946:
1947:
1948:
1949:
1950:
1951:
1952:
1953:
1954:
1955:
1956:
1957:
1958:
Dec. 31
Dec. 31
Dec. 31
Dec. 31
Dec. 31
Dec. 31
Dec. 31
Dec. 31
Dec. 31
Dec. 31
Dec. 31
Dec. 31
Dec. 31
23.3
27.7
31.2
31.1
35.8
37.2
39.3
4o.5
40.3
45.8
48.8
49.7
48.4
23.7
28.2
31.3
30.9
36.1
37.6
39.9
ltl.1
lt0.7
46.7
56.1
51.0
lt9.lt
27.7
31.0
35.9
34.9
42.5
46.3
50.6
50.6
46.8
56.7
61.7
61.9
57.7
1959:
J a n . 28
Feb. 25
Mar. 25
Apr. 29
May 27
Jjrne 24
J u l y 29
Aug. 26
Sept.30
Oct. 28
Nov. 25
Dec. 30
48.6
49 . 3
50.3
5o.5
51.4
52.5
52.6
53.3
53.4
53.6
54.4
54.0
lt9.5
50.3
51.3
51.5
52.lt
53.6
53.7
54.5
54.7
54.9
55.%
55.6
57.7
58.2
58.7
59.0
60.0
62.2
62.6
65.5
65.3
66.6
69.5
67.3
Jan.
Feb.
Mar.
Apr.
54.4
55.6
56.4
56.2
. . 55.9
57.1
58.0
57.7
67.4
69.4
69.4
I960:
27
24
30
27
67.6
27.3
30.3
30.it
2 5.6
32.3
36.2
38.9
39.1
38.3
1*6.3
52.7
#.2
49.4
48.3
18.7
51.9
50.5
51.8
54.4
26.0
39.lt
ltl.1
' 18.9
23.lt
27.1
28.5
31.5
32.1
33.9
ltl.9
lt8.5
52.7
53.3
51.3
37.1
ltO.7
!t2.6
ltlt.1
ltlt.lt
51.5
ltlt.5
lt5.2
lt6.0
lt6.lt
lt7.0
lt7.9
lt7.7
lt7.9
lt7.9
lt8.0
lt8.lt
lt8.2
31.1
33.lt
32.lt
38.1
1|2.2
56.6
56.2
52.7
53.8
53.8
55.1
56.1
56.5
57.1
57.6
57.5
58.lt
58.2
62.7
61.5
58.7
60 e lt
6l.lt
51*. o
55.6
57.2
58.2
62.0
58.2
61.1
36.1
lt8.8
lt9.lt
50.3
50.6
All
commercial
banks
2/11.3
2/14.0
2/14.2
1/19.2
1/15.2
9.8
11.7
16.9
10.0
5.1
7.5
8.It
8.3
7.9
6.8
5.5
5.7
6.7
6.0
6.5
5.9
5.7
5.9
6.1
6.6
I:?
4.5
n.a.
1 / Total loans ( a d j u s t e d t o exclude loans t o banks); U. S. Government s e c u r i t i e s maturing
within one y e a r estimated on b a s i s of Treasury survey of ownership; and t o t a l d e p o s i t s
(adjusted t o exclude cash items in process of c o l l e c t i o n ) .
(1)
Year
or
month
End of Dec.
1953
1954
1955
1956
1957
1958
1959:
J a n . 28 y
Feb. 25
Mar. 25
Apr. 29
May- 27
June 24
J u l y 29
y
Aug. 26 y
Sept.30
Oct. 28
Nov. 25
Dec. 31 &
(2)
S
! ,
a
L ^ S
(3)
(4)
(5)
Seasonally a d j u s t e d
money supply if
Total
(2+3)
139.5
139.6
140.3
140.4
140.6
140.9
141.2
140.9
140.8
140.4
140.1
140.2
Seasonally
adjusted
money
CurDemand
supply
and
d e p o s i t s rency
time
dep.
a d j u s t e d o u t s i d e a t com'l
banks
bankqfl+7)
(6)
(7)
- 17 (8)
(9)
(10)
Time d e p o s i t s
Demand
deposits
adjusted
(11)
tr. s .
Total Commer- Mutual P o s t a l
(7+8+9)
c i a l savings savings
202.9
203.3
204.4
204.9
205.6
206.3
206.5
206.4
206.5
205.9
204.8
206.1
.
^ l
Table 9
Deposits and Currency
( I n b i l l i o n s of d o l l a r s )
CurG o v ' t , rency
deposits outside
2/
banks
(12)
1 Total
I deposits
' and
currency
(5+6+10
+11)
2.4
2.1
1.9
1.6
1.3
1.1
4.8
5.1
4.4
4.5
4.7
4.9
28.1
27.9
28.3
28.3
28.3
28.7
205.7
214.8
221.0
226.4
232.3
247.5
1.1
1.1
1.1
1.1
1.1
1.1
1.0
1.0
1.0
1.0
1.0
27.6
27.7
27.9
27.9
28.1
28.3
28.4
28.5
28.5
28.3
29.1
29.4
245.1
242.7
242.0
245.4
245.0
245.4
0.9
5.3
5.0
4.4
5.1
5.7
5-2
5.6
6.5
7.1
6.0
5.1
5.8
0.9
0.9
0.9
0.9
4.4
5.3
5.2
5.3
27.9
28.0
28.1
27.9
247.6
247.4
248.5
248.2
247.6
252.4
247.3
244.9
244.2
247.2
mutual s a v i n s h Q n v +7
:
^ u o " a »ujus Tea increased, about $100 m i l l i o n .
banks dec
d e c l i n e d $300 m i l l i o n . 4 / A r a r e s u l ^ o f i ^ % % o n " o f ^ " w i w i o a o c u $W3 J\J\J
° ° 11LX-L i l l ^
increase
d e p o s i t s a t commercial
ion of a]
o
s i t s a d j u s t e d increase
anks abou
sed $400
http://fraser.stlouisfed.org/
^®c^i^al^^nge und^^^^l^ion^^^end^gntl^definitio^|^fSsuchWde^iits?e^
Federal Reserve Bank of St. Louis
^
m i H g n ' a ^ r ^ g It t of a
%
%
*
»
Table 10
Loans and Investments at All Commercial Bank*
(In b i l l i o n s of d o l l a r s )
Date
1953:
1954:
1955:
1956:
1957:
1958:
1959 i
U. s.
145.5
155.7
63.4
69.0
Dec.
Dec.
Dec.
Dec.
Dec.
31
31
31
31
31
164.5
169.3
Nov.
Dec.
26
182.7
31
1 / J a]a .
Feb.
Mar.
2 / Apr.
May
June
28
25
25
29
27
24
June 24
J u l y 29
3 / Aug. 26
Sept.30
Oct. 28
Nov. 25
Dec. 31
I960:
Loans
and
investment
Jan.
Feb.
Mar.
Apr.
27p
24p
30p
27p
160.3
Gov't, Other
secur- securities ities
61.6
58.6
58.2
14.7
Total
loans
Businei
17.9
67.4
70.4
82.0
89.7
93.2
27.2
26.9
33.2
38.7
40.5
16.3
16.7
16.3
— 18 —
~
Real Secue s t a t e r i t y Farm
16.7
Consumer
10.9
5.1
5.6
23.1
5.0
5.2
4.5
4.2
4.1
15.8
6.9
7.2
7.9
20.8
22.5
10.9
13.2
14.6
66.4
20.3
20.6
94.7
97.5
39.3
40.4
25.0
25.3
3.9
4.7
4.9
5.0
15.7
15.9
183.8
67.5
65.5
20.4
20.4
95.9
96.0
97.4
99.3
100.5
102.8
39.2
39.2
40.2
40.6
41.4
42.5
25.6
25.7
25.9
4.2
4.0
3.9
4.3
4.1
4.1
5.0
5.0
4.8
4.9
4.9
5.0
16.0
16.1
105.3
106.3
106.5
107.3
110.0
37.8
37.8
38.2
38.7
38.8
39.4
40.2
4.1
4.2
4.2
4.1
4.1
4.1
5.0
5.1
5.1
5.1
5.0
4.9
5.0
107.4
108.1
109.Ir
110.5
39.4
39.8
40.8
40.8
181.9
181.1
183.8
183.9
184.2
184.2
185.7
186.1
186.3
186.7
186.1
189.5
185.6
184.3
rl83.4
186.3
63.2
63.6
62.6
60.9
60.9
61.1
60.3
59.2
59.6
58.5
58.9
20.6
20.9
20.8
20.6
20.6 102.8
20.6 103.9
20.5
20.7
20.6
20.3
20.5
Total c r e d i t increased over
anuary as
Total c r e d i t increased about $200 million as
All
other
3*6
4.5
5.0
4.3
4.2
18.4
184.4
67.7
Nonbank
financial
institutions
26.3
26.6
26.9
26.9
27.1
27.3
27.5
27.7
27.9
28.1
4.9
6.5
8.2
8.0
16.3
8.1
8.2
17.0
8.6
16.7
8.4
17.4
17.4
17.6
17.9
18.1
18.3
18.3
18.5
8.9
5.9
6.2
6.6
6.5
6.0
6.2
7.1
7.7
7.8
8.0
8.3
8.5
8.5
8.5
^ : = =:
r e s u l t of bank s t r u c t u r e changes
on balance through August,
added almostT Si bv xi jl.li ia o. vni i to
o tUatiLlJL Credit 2 $600
'
UV tUU
#0 million i n loans;
m i l l i o n i n U.
ISiBi*!!!™?
@FedFRASER