Full text of L.4.3 Banking and Monetary Developments : May 20, 1974

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May 20, 1974




L.4.3
Not For Publication

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BANKING AND MONETARY DEVELOPMENTS
April 1974

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 Depoists

—!Seasonally adjusted annual rates (per cent)
1973

1972
Year

Year

1st
half

2nd
half

4th
Qtr.p

1st
Qtr.p

Total bank credit—^ 14.8

12.4

16.4

7.8

4.7

3.0

-14.1

-1.0

-27.3

Other securities

11.8

9.4

5.8

Loans—^

18.0

17.7

11.9

1974
Apr.p

.Tan.p

Feb.p

Mar. D

15.9

15.7

14.0

17.4

-22.0

18.8

15.8

40.1

12.7

12.6

9.1

16.9

10.2

- - '

4.6

22.5

11.5

5.8

17.5

15.4

12.0

24.5

19.7

20.5

28.5

10.9

6.0

23.0

16.9

9.1

42.1

33.4

Real estate leans 20.5

19.2

20.8

15.9

14.2

12.0

14.4

7.1

14.1

14.0

Consumer loans

14.9

16.2

12.6

10.1

6.9

11.9

4.4

r--

U.S. Gov't sec.

Business loans

16.9

15.7
8.6

—

Adjusted for loans sales to bank affiliates
Total bank credit—^ 14.6

12.6

16.6

8.0

4.4

16.2

15.8

15.0

17.1

16.5

Loans—^

17.7

18.0

22.8

11.8

5.5

17.9

15.5

13.5

24.0

20.7

Business loans

11.8

20.9

28.9

11.3

5.1

23.2

16.6

9.7

42.1

35.0

8.7

5.7

7.7

3.7

7.5

6.7

-3.6

12.9

no.6

7.9

Total time deposits 15.7

15.9

20.7

10.0

5.8

15.3

21,5

14.9

9.0

30.6

13.5

11.3

10.3

11.6

12.5

12.0

15.2

13.8

6.6

7.8

CD's (dollar change
10.4
in billions)

19.4

18.6

0.8

-3.9

4.9

2.7

1.1

1.1

7.6

Money stock

Time other than CD's

1/ Adjusted to exclude domestic interbank loans.




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Table 2
Loans and Investments at All Commercial Banks
(Seasonally Adjusted)
Date

Total

Loans
(In

b i l l i o n s

U.S. Gov't.
securities
of

Other
securities

d o l l a r s )

1970--Dec.
1971--Dec.

31
31

435.5
484.8

2191.7
320.3

57.9
60.1

85.9
104.4

1972--July
Aug.
Sept.
Oct.
Nov.
Dec.

26
30
27
25
29
31

522.8
529.0
535.4
540.4
549.9
556.4

349.1
354.1
360.0
265.7
372.9
377.8

62.3
61.9
61.5
60.3
60.9
61.9

111.4
113.0
113.9
114.4
116.1
116.7

1973--Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.

31
28
28
25
30
30
25
29
26
31
28
31

P
P
P
P
P
P

564.7
575.4
583.6
589.6
597.7
602.0
608.2
616.0
618.2
621.7
624.6
625.4

385.8
397.2
405.8
411.1
417.4
420.3
427.3
435.3
438.1
440.0
443.6
444.5

61.8
60.6
60.4
61.0
61.0
61.6
59.6
57.7
56.3
54.9
54.5
53.2

117.1
117.6
117.4
117.5
119.3
120.1
121.3
123.0
123.8
126.8
126.5
127.7

1974--Jan.
Feb.
Mar.
Apr.

30
27
27
24

P
P
P
P

633.6
641.0
650.3
658.8

450.2
454.7
464.0
471.6

53.9
55.7
55.7
56.1

129.5
130.6
130.6
131.1

jS

1/

Adjusted to exclude domestic commercial interbank loans




p - Preliminary.

#

TABLE 3
LOANS SOLD OUTRIGHT BY COMMERCIAL BANKS AND BANK CREDIT ADJUSTED FOR SELECTED LOAN SALES
Commercial bank credit

Loans sold outright by commercial banks

Date
Busine ss
Tota 1

Sold to
Affiliates 1/
RnDUO9 iinp.s
IIV o<5 o
Loans
Total

Sold to
nonbank public 2/
Business
Loans
Total

Total loans
and investments
Ad lusted 3/
Originial

Total loans
Ad lusted 3/
Original

Business loans
Ad lusted 4/
Original

1970—Dec.
1971—Dec.
1972—Dec.
1973—Dec.

4.7
4.5
4.4
6.1

2.5
2.0
2.0
2.9

3.0
2.8
2.6
4.3

2.1
1.6
1.7
2.6

1.7
1.7
1.8
1.8

0.4
0.4
0.3
0.3

435.5
484.8
556.4
625.4

438.5
487.6
559.0
629.7

291.7
320.3
377.8
444.5

294.7
323.1
380.4
448.8

110.0
115.9
129.7
156.3

112.1
117.5
131.4
158.9

July
Aug.
Sept.
Oct.
Nov.
Dec.

25p
29p
26p
31p
28p
31p

5.7
6.5
6.4
6.4
6.1
6.1

2.9
3.2
3.3
3.2
3.0
2.9

4.0
4.7
4.6
4.6
4.3
4.3

2.6
2.9
2.9
2.9
2.7
2.6

1.7
1.8
1.8
1.8
1.8
1.8

0.3
0.3
0.4
0.3
0.3
0.3

608.2
616.0
618.2
621.7
624.6
625.4

612.2
620.7
622.8
626.3
628.9
629.7

427.3
435.3
438.1
440.0
443.6
444.5

431.3
440.0
442.7
444.6
447.9
448.8

151.4
153.6
154.0
154.0
155.5
156.3

154.0
156.5
156.9
156.9
158.2
158.9

1974
Jan
Feb.
Mar.
Apr.

30p
27p
27p
24p

6.2

2.9
3.0
3.2
3.5

4.4
5.0
4.9
5.4

2.6

1.8

0.3

633.6

638.0

450.2

454.6

158.5

161.1

2.7
2.8
3.1

1.4
1.4
1.5

0.3
0.4
0.4

641.0
650.3
658.8

646.0
655.2
664.2

454.7
464.0
471.6

459.7
468.9
477.0

159.7
165.3
169.9

162.4
168.1
173.0

28.7
19.5
3.1

6.4
6.3
6.9

Net Chiinge
(B:LIlions <)f dollars

(Ani%ual rates iIn per cent)

1973
July
Aug.
Sept.
Oct.
Nov.
Dec.

3Op
29p
26p
31p
28p
31p

0.5
0.8
-0.1
5/
-0.3
5/

0.4
0.3
0.1
-0.1
-0.2
-0.1

0.5
0.7
-0.1
5/
-0.3
5/

0.4
0.3
5/
5/
-0.2
-o;i

5/
0.1
5/
5/
5/
5/

1974
Jan.
Feb.
Mar.
Apr.

30p
27p
27p
24p

0.1
0.2
-0.1
0.6

5/
0.1
0.2

0.1
0.6
-0.1

5/
0.1
-o.l
0.3

0.3

.

0.5

5/
5/
0.1
-0.1
5/
5/

12.4
15.4
4.3
6.8
5.6
1.5

13.3
16.7
4.1
6.7
5.0
1.5

20.0
22.5
7.7
5.2
9.8
2.4

21.2
24.2
7.4
5.2
8.9
2.4

25.9
17.4
3.1
11.7
6.2

9.9
5.3

5/

5/

15.7

15.8

15.4

15.5

16.9

16.6

-0.4
5/
0.1

5/
0.1
5/

14.0
17.4
15.7

15.0
17.1
16.5

12.0
24.5
19.7

13.5
24.0
20.7

9.1
42.1
33.4

9.7
42.1
35.0

1
1/
2/
3/
4/
5/

To bank holding companies affiliates, subsidiaries or foreign branches.
To other than banks 1 and bank-related affiliates or subsidiaries.
includes all loans sold to bank holding companies, affiliates, subsidiaries, or foreign branches.
includes business loans sold to bank holding companies, affiliates, subsidiaries, or foreign branches.
Less than $50 million.




—

—

TABLE 4
NONDEPOSIT SOURCES OF FUNDS AND METHODS OF FINANCE
(Outstandings in billions of dollars)

Date
Total

Total

Euro-dollars
Through branches outside U.S.
Territories
Foreign and possessions

1969
May
Dec*

28
31

12.7
19.6

10.9
14.5

1970
June
Dec.

24
30

21.5
11.7

13.1
8.6

12.2

1971
Dec.

29

4.4

1972
July
Aug.
Sept.
Oct.
Nov.
Dec.

26
30
27
25
29
27

4.7
4.7
5.4
4.9
5.2
4.9

2.2
1.6

12Z2Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.

31
28
28
25
30
27
25
29
26
31
28
26

5.0
5.2

1.6
1.0

1974
Jan.
Feb.
Mar.
Apr.

30
27
27r
24

I

6.1
6.1
6.6
6.9
7.6
8.4
7.5
7.1

8.0

Through
brokers
and 1/
dealers

Loans sold under
repurchase agreement 3/

0.8

1.0
0.8

0.4
0.6

0.6
0.2

0.1

4.3

0.3

0,1

7.6
2.3

0.7
0.7

0.7
0.7

0.1

0.3
0.3

0.5

1/

2.0

1.2

1.0

0.2

0.3

0.2

2.3
2.4
2.4
2.5

0.9
0.8
0.8

0.7
0.7
0.7
0.6
0.6
0.6

0.2
0.1
0.1
0.2
0.1
0.1

0.3
0.3
0.4
0.4
0.4
0.4

0.4
0.4
0.4
0.4
0.4
0.4

0.6
0.9

0.1
0.2
0.2
0.1
0.2
0.1
0.2
0.1
0.1
0.1
0.2
0.2

0.4
0.4
0.4
0.3
0.3
0.3
0.3
0.4
0.3
0.4
0.4
0.4

0.4

0,1
0.1
0.2

0.4
0.4

0.5
0.5

0.6
0.8

0.2

0.1

7.7

1/

1/

1.3

0.9

0.4

1.6
1.5

1.3
1.3

0.2

1.9

1.6

1.4
1.3
1.5
1.7
2.3
3.0
1.9
1.9
2.7

7.3

2.0

7.7
7.6
9.5
9.7

1.9
1.9
3.2

2.8

2.0
1.4
1.7
1.4

0.2
0.2
0.2
0.2
0.2

1.7
1.7
2.5
1.7

0.2
0.2
0.2
0.2
0.2
0.2
0.1
0.1
0.1
0.1
0.1
0.2

1.7
1.7

0.2
0.1

1:1

O.'l

1.4

0.8
1.1
1.1
1.4
1.5

2.1
2.8

0.6

1I
1I I
7/

7/

2.6
2.6

Total

0.8
0.7
0.7

0.7

0.1
0.1

2.7
3.1
3.5
3.8
4.0
4.3
4.5
5.1
5.2
4.9
5.0
4.9

0.3
0.3
0.3
0.4
0.4

0.9
0.9
0.8
0.6
0.2
0.2
0.2
0.2
0.2

1/
2/

0.1
0.1

5.5
5.5

0.3

0.2

v,

0.1

0.1

6.0
6.8

0.3

1/
0.1
7/

1.0
1.3

1.0
1.1

0.9

0.8

0.1

0.1

Includes an indetermine amount of Federal funds purchases from U.S. Agencies of foreign banks.
Issued by a bank holding company or other bank affiliates.
Loans or participation in pools of loans sold under repurchase agreements.
To bank holding companies, affiliates, or subsidiaries.
To other than banks and bank-related affiliates or subsidiaries.
Partly estimated.
 Less than $50 million.



Customer
guaranteed Ineligible
paper
acceptances

0.2^/
0.3

0.1*>

0.8

To the
nonbank
public—

Direct^

0.6

9.9

12.8

To bank
4/
affiliates

Commercial
paper 2/

1.1

0.1

0.*3

7/

0.2

0.6
0.9

1.1
1.5
1.4
1.5
1.3

1.1

0.9

0.6
0.5

o°:f

Table 5
Loans at All Commercial Banks
Seasonally Adjusted
Date

Business

Real Estate

( I n

b i l l i o n s

Consumer
o j

Security

Nonbank
financial

Agriculture

d o 1 1 a i: s )

1970—Dec.
1971~"Dec.
1972--Dec.

31
31
31

110.0
115.9
129.7

72.3
81.4
98.1

53.4
60.2
70.4

10.2
10.8
14.7

14.5
15.5
21.5

11.4
12.8
14.6

1973—Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec .

31
28
28
25
30
30
25
29
26
31
28
31

P
P
P
P
P
P

133.3
138.1
141.8
143.9
146.8
148.2
151.4
153.6
154.0
154.0
155.5
156.3

99.7
101.3
103.1
104.6
106.5
108.3
109.7
111.4
112.9
114.3
115.6
116.9

71.5
72.5
73.5
74.2
75.2
76.1
77.0
78.2
78.9
79.9
80.6
80.9

14.3
14.3
14.0
14.0
13.9
13.2
12.4
13.2
12.1
12.6
12 .5
11.8

22.5
24.1
24.9
25.3
26.6
25.9
27.1
28.5
28.7
27.3
28.0
27 .1

15.0
15.1
15.2
15.3
15.5
15.7
15.8
16.0
16.2
16.4
16.7
17.1

1974~-Jan.
Feb.
Mar.
Apr.

30
27
27
24

P
P
P
P

158.5
159.7
165.3
169.9

118.3
119.0

81.7
82.0

11.0
12.6

29.0
29.3

17.2
17.3

120.4
121.8

r 82.0
82.0

11.6
10.4

29.7
31.2

17.5
17.9

#

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p - Preliminary


http://fraser.stlouisfed.org/
# of St. Louis
Federal Reserve Bank

#

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Table 6
Changes in Loans and Investments at All Commercial Banks , Seasonally Adjusted
(In billions of dollars)
1

Item

Feb. p

Mar. p

Nov. p

Dec. p

Jan. p

+3.5

+2.9

+0.8

+8.2

+7.4

+9.3

+8.5

-1.4

-1.4

-0.4

-1.3

+0.7

+1.8

v

+ .4

+1.7

+0.8

+3.0

-0.3

+1.2

+1.8

+1.1

y

+ •5

+7.0

+8.0

+2.8

+1.9

* +3.6

+0.9

+5.7

+4.5

+9.3

+7 • 6

+1.4

+3.2

+2.2

+0.4

1/

+1.5

+0.8

+2.2

+1.2

+5.6

+4.6

+1.9

+1.8

+1.4

+1.7

+1.5

+1.4

+1.3

+1.3

+1.4

+0.7

+1.4

+1.4

+0.7

+1.0

+0.9

+0.9

+1.2

+0.7

+1.0 •

+0.7

+0.3

+0.8

r+0.3

-0.3

1/

-0.1

-0.7

-0.8

+0.8

-1.1

+0.5

-0.1

-0.7

-0.8

+1.6

-1.0

-1.2

Nonbank financial

+0,8

+0.4

+1.3

-0.7

+1.2

+1.4

+0.2

-1.4

+0.7

-0.9

+1.9

+0.3

+.4

+1.5

Agriculture

+0.1

+0.1

+0.2

+0.2

+0.1

+0.2

+0.2

+0.2

+0.3

+0.4

40.1

+0.1

+.2

+ .4

All other

+1.5

+0.5

-0.9

1/

+1.0

+0.5

+0.9

+0.2

-0.8

-0.3

+0.1

+0.3

r+2.7

+ .9

July

Aug.p

Sept.p

+4.3

+6.2

+7.8

+2.2

v

+0.6

-2.0

-1.9

+0.1

+1.8

+0.8

+1.2

+8.6

+5.3

+6.3

+2.9

Business

+3.7

+2.1

+2.9

Real estate

+1.8

+1.5

Consumer

+1.0

Security

Mar.

Apr.

May

Loans and Investments 2/

+8.2

+6.0

+8.1

U. S. Gov't, securities

-0.2

+0.6

Other securities

-0.2

Loans 2/

J una

Oct.p

I

.

!

i
JL/
2/

Less than $50 million.
Adjusted to exclude interbank loans.

p - Preliminary.




?

1/

Apr. p

V

Table 6A
Changes in Loans and Investments at All Commercial Banks, Seasonally Adjusted
Adjusted for Loans Sold to Affiliates
(In billions of dollars)
1974

1973

Item

Nov. p

Dec. p

Jan. p

Feb. p

+3.5

+2.6

+0.8

+8.3

+8.0

+9.2

+9.0

-1.4

-1.4

-0.4

-1.3

+0.7

+1.8

1/

+ .4

+1.7

+0.8

+3.0

-0.3

+1.2

+1.8

+1.1

i/

+ .5

+7.5

+8.7

+2.7

+1.9

*+3.3

+0.9

+5.8

+5.1

+9.2

+8.1

+3.6

+2.5

+0.4

1/

+1.3

+0.7

+2.2

+1.3

+5.7

+4.9

Sept. p

Mar.

Apr.

May

June

July p

Aug. p

Loans and Investments 2/

+8.3

+6.4

+8.2

+4.1

+6.7

+8.5

+2.1

U. S. Gov*t. securities

-0.2

+0.6

1/

+0.6

-2.0

-1.9

Other securities

-0.2

+0.1

+1.8

+0.8

+1.2

Loans If

+8.7

+5.7

+6.4

+2.7

+3.6

+2.4

+2.8

+1.4

Business

1/ Less than $50 million.
2/ Adjusted to exclude domestic interbank loans,
p - Preliminary.


http://fraser.stlouisfed.org/
e of St. Louis
Federal Reserve Bank

#

e

*

Oct. p

Mar. p

Apr. p

Table 7
Changes in Loans and Investments at All Commercial Banks, at Weekly
Reporting Banks, and at Other Banks, Not Seasonally Adjusted
(In billions of dollars)

Item
1974p

1973r

1972

1971

1970

1969

1968

2/
All commercial banks —
Total loans
U. S. Gov't, securities
Other securities
Total

+9.9
-1.2
+1.0
+9.7

+7.1
- .8
+ .8
+7.1

+4.5
-0.6
+1.2
+5.1

+1.9
-1.6
+2.7
+3.0

+2.2
+0.8
+1.6
+4.6

+5.7
-0.5
+0.9
+6.1

+3.8
-1.4
+0.7
+3.2

All Large Banks 2/3/
Total loans
U. S. Gov't, securities
Other securities
Total

+6.6
-1.4
-.1
+5.1

+4.1
-0.6
-0.3
+3.2

+2.4
-1.0
+0.1
+1.5

-0.2
-1.5
+1.7
1/

+0.6
+1.0
+1.1
+2.7

+4.0
1/
+0.3
+4.3

+2.0
-0.9
+0.3
+1.4

Other banks 2/3/
Total loans
U. S. Gov't, securities
Other securities
Total

+3.3
+ .2
+1.1
+4.6

+3.0
-0.2
+1.1
+3.9

+2.6
+0.3
+1.1
+4.0

+2.1
-0.1
+1.0
+3.0

+1.6
-0.2
+0.5
+2.0

+1.7
-0.5
+0.6
+1.8

+1.8
-0.5
+0.4
+1.8

End of December to end of A oril
Item

1974p

1973r

1972

1971

1970

1969

1968

All commercial banks 2J
Total loans
U. S. Gov't, securities
Other securities
Total

+13.2
-3.1
+4.2
+14.3

+22.1
-6.6
. +1.5
+17.0

+6.7
-3.1
+5.0
+8.6

-2.6
-1.7
+8.0
+3.8

-4.7
-2.4
+2.9
-4.2

+3.8
-6.5
+0.8
-2.0

+0.5
-2.7
+2.3
+0.2

All Large Banks 2/3/
Total loans
U. S. Gov't, securities
Other securities
Total

+8.3
-2.3
+ .9
+6.9

+13.3
-5.5
-1.2
+6.6

+1.8
-2.8
+1.3
+0.3

-5.1
-2.1
+4.6
-2.5

-4.3
-1.0
+2.2
-3.1

+0.5
-4.6
-0.6
-4.7

-1.1
-2.7
+1.5
-2.2

Other banks 2/3/
Total loans
U. S. Gov't, securities
Other securities
Total

+4.9
- .8
+3.3
+7.4

+8.8
-1.1
+2.7
,+10.4

+4.9
-0.3
+3.7
+5.3

+2.4
+0.4
+3.5
+6.3

-0.2
-1.3
+0.7
-0.9

+3.3
-1.9
+1.4
+2.7

+1.6

NOTE:

1/
2J
3/

1/
+0.8
+2,4

Data exclude domestic interbank loans; Call report data for large banks used when
available. Loans adjusted to include all loans sold to bank holding companies,
affiliates, subsidiaries, of foreign branches.
Less than $50 million.
Based on revised reporting beginning July 1969. Changes have been adjusted to maintain comparability of series.
Based on revised coverage beginning July 1966, and January 1967, 1968, 1969, 1970,
1971, 1972, and 1973.




Table 8
Changes in Commercial and Industrial Loans at Large Commercial Banks
(In millions of dollars)
Late March to late April
Business of borrower

1974 p

Food processors
Commodity dealers
Trade concerns
Retail trade
Wholesale trade
Metals
Primary metals
Machinery
Transportation equipment
Other fabricated metals
Textiles, apparel, etc.
Pettoleum
Chemicals
Other durable manufacturing
Other nondurable manufacturing
Mining
Public Utilities, total
Transportation 3/
Communication 3/
Other public utilities
Construction
All other types of business
Bankers acceptances
Services 3/
Other
Foreign business concerns 3/
Classified
Unclassified
Total Change
1/
2/
~

+ 29
-221
+512
+298
+214
+656
+ 19
+392
+130
+115
+130
+ 1
+226
+282
+ 97
+103
+666
- 2
+252
+416
+133
+400
- 42
-282
+160
+318
+3332
+764
+4096

1973 r
- 39
-226
+261
+186
+ 75
+511
- 7
+320
+ 85
+113
+ 97
7
+
+ 88
+151
+ 47
+ 33
+323
+ 15
+139
+169
+184
+287
-177
+152
+312
-127
+1597
+434
+2031

Late December to late April

1/

1972

1971

1970

- 77
- 31
+ 94
+ 65
+ 29
- 66
+ 10
+ 83
-141
- 18
+ 56
- 52
- 1
+ 76
- 20
+ 11
+414
+ 72
+106
+236
+ 86
+ 94
-133
+118
+109
+ 1
+585
+452
+1037

- 67
-121
+119
+ 53
+ 66
- 48
+ 1
+113
-207
+ 45
- 37
- 1
+ 10
+ 4
- 45
- 74
-167
-211
+ 67
- 23
+ 70
+214
- 72
+225
+ 61
- 15
-158
+ 68
- 90

- 4
- 30
+205
+106
+ 99
+135
+ 50
- 29
+ 49
+ 65
+ 72
- 6
+138
+104
- 71
- 94
-198
- 95
+ 73
-176
+ 60
+ 68
+178
-151
+ 41
- 12
+367
+208
+575

1974 p 1973 r
+146
+136
+1517
+841
+676
+2373
+6784
+1348
+543
+379
+702
-131
+491
+633
+213
+401
+677
+100
+414
+163
+152
+836
+ 20
+473
+343
+443
+8589
+1236
+9825

+174
-153
+1329
+866
+463
+1743
+119
+1174
+ 70
+380
+554
+225
+835
+700
+251
+364
+921
+108
+340
+473
+453
+1675
-407
+884
+1198
+453
+•9524
4-1364
#888

2/

1972

1971

1970

-308
-233
+256
- 71
+327
+142
+ 69
- 14
-133
- 11
+341
-149
-116
+231
- 84
-126
- 34
+ 28
+ 32
- 94
+206
- 93
-676
+511
+ 72
+131
- 67
+864
+797

-594
-176
+206
+177
+ 29
-225
+150
-167
-282
+ 74
+123
-285
+ 35
+129
-123
-212
-205
+ 59
+ 95
-356
+200
-212
. -235
- 25
+ 48
+126
-1338
+539
-703

-430
-211
+ 9
+ 29
- 20
+379
- 22
+154
+ 75
+172
+218
-135
+ 31
+ 98
- 87
-558
-1469
-281
-207
-981
- 39
-536
- 58
-246
-232
-110
-2840
-229
-3069

Four most comparable weeks used throughout.
Changes are compiled from December 26, 1973; December 27, 1972; December 29, 1971; December 30, 1970, and
December 31, 1969. These data cannot be linked with all commercial bank data which are always for December 31.




#

#

#

#

#

#

#

#

#

#

TABLE 9
Loans and Investments at All Commercial Banks
(In billions of dollars)
(Not seasonally adjusted)
Loans and
investments

U. S. Gov't.

279.2
307.6. ,
324.0^
360.8
400.4
412.1
446.8
497.9
571.4

63.0
59.5
56.2
62.5
64.5
54.7
61.7
64.9
67.0

26
30
27
25
29
31

521.4
525.8
535.0
540.3
549.9
571.4

1973- -Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.

31
28
28
25
30
30
25p
29p
26p
31p
23p
31p

565.6
571.1
580.6
587.3
594.8
605.6

1974- -Jan.
Feb.
Mar.
Apr.

30p
27p
27p
24p

633.1
635.8

1964--Dec.
1965--Dec.
1966--Dec.
1967--Dec.
1968- -Dec.
1969--Dec.
1970- -Dec.
1971- -Dec.
1972- -Dec.

31
31
31
30
31
31
31
31
31

1972- -July.
Aug.
Sept.
Oct.
Nov.
Dec.

3/

606.8
612.0
617.9
621.4
624.5
642.3

646.8
656.1

p - Preliminary.
NOTE: Data exclude domestic interbank loans
June and December call dates.
1/
2/
3/
4/
5/

Other
securities

Total loans

38.8

177.4

61.5
71.5
71.3

236.8
264.4

Business

60.2
71.4

80.6

104.7
117.1

299.0
328.3
387.3

88.4
98.4
108.4
112.5
118.5
132.7

59.6
59.3
60.3
60.9
63.2
67.0

111.5
112.8
114.0
114.2
114.9
117.1

350.3
353.7
360.7
365.2
371.8
387.3

65.6
61.6
61.2
60.4
58.3
57.9
56.4
54.7
54.8
55.6
57.3
58.6

116.5
116.8
117.7
118.6
119.9
121.1
121.4
122.8
123.9
125.9
125.1
128.1

58.1
56.9
56.7
55.5

128.8
129.7
131.2
132.2

86.1

286.1

Real
estate
43.7
49.3
53.9
58.5

Security

Consumer

8.4
8.5
9.0
10.5

7.5

10.7

10.3

11.8
11.2

31.0
35.7
38.3
40.6
46.3
51.0
53.6
60.5
70.6

72.5
81.6
98.4

12.1
12.9
17.6

12.5
14.3

122.3
122.2
124.2
125.8
127.6
132.7

90.8
92.5
94.1
95.6
97.2
98.4

13.2
13.4
14.7
13.9
14.7
17.6

13.6
13.7
13.7
13.9
14.1
14.3

65.6
66.9
67.7

383.5
392.6
401.7
408.3
416.6
426.6
429.1
434.6
439.1
439.9
442.1
455.6

132.0
136.6
141.7
144.4
146.4
150.4
151.8
152.2
154.1
153.3
154.6
159.9

99.6
100.9
102.5
104.1

14.9
14.4
13.6
13.4
13.6
13.4

14.6
14.8
15.0
15.3
15.7

12.7

16.4
16.4
16.4
16.5
16.7

446.2
449.1
458.9
468.3

156.8
158.1
165.1
170.6

106.1

108.2
109.7
111.6
113.5
115.0

12.0

116.2

12.1

117.3

14.1

118.2

10.9
12.3
11.3

118.5
119.7

121.2

12.2
12.3

10.0

Consumer and "other loans" were partly estimated for all dates.

16.0
16.2

16.8
17.0
17.3
17.8

Nonbank
financial
institutions
10.9
13.3
13.3
12.5
13.7
15.1
15.9
16.9
23.4

All
other
15.7
16.8
15.3
16.9
19.3

20.6
21.2
25.3
30.3

18.3
18.7
19.2
19.8
20.5
23.4

26.4

71.0
71.6
72.5
73.7
75.1
76.5
77.5
79.0
79.5
80.3

22.2

81.2

29.5

29.2
31.0
31.9
32.6
33.7
34.4
34.4
34.6
34.8
34.9
34.7
36.9

68.6
69.4

70.6

80.8

81.1

80.9
r80.9
81.4

23.3
24.5
24.8

26.0
27.7
27.5

28.1

28.6
27.7

27.2

28.1
28.0
29.0
30.5

2b.3
27.1
27.6
28.3
30.3

34.3
34.3
35.6
36.8

Other data are partly estimated on all but

Data°revisedCbegiining June 1969. to Include all bank premises subsidiaries and other significant majority-owned domestic subsidiariesReal'esta^^loans^decreased0by^$500^ml 11 ion on December 31, 1969, and loans to nonbank financial institutions increased by $500 million due to change
in method of reporting mortgage loans held under repurchase agreements.
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 the result of loan reclassifications at one large bank.




TABLE 10
Ratios of Total Deposits
L O A N S
U.S. Government
B a n k s
M e m b e r
securities maturing
Reserve City Banks
within one year
1
All
City
All Commercial
commercial
New York
of
banks
banks
Total
City
C hicagc Other Country

DATE;

1959--Dec. 31
1960--Dec. 31
1961--Dec. 31
1962--Dec. 28
1963--Dec. 25
1964--Dec. 31
1965--Dec . 31
1966--Dec. 31
1967--Dec. 30
1968--Dec. 31* ,
1969--Dec. 31*1970—Dec . 31* ,
1971--Dec. 31*—
1972--Dec. 31*

54.0
55.1
54.5
56.5
58.6
60.5
63.7
65 .8
63.8
64.7
72.0
67.3
65.7
67.9

(63.7)
(69.8)
(66.2)
(65.6)
(67.7)

55.6
56.5
55.7
57 .7
59.9
61.9
65.4
67 .9
65.8
66 .8
75.7
69 .9
68.0
70.6

67.3
65.9
65.0
67.9
67.4
69 .3
75.9
83 .5
79.9
83.5 (76.3)
102 .8(86.4)
87.5 (79.6)
84.1 (83.2)
85.4 (85.4)

58.2
60.8
58.0
61.4
62 .1
64 .4
70.2
77.0
70.8
75.1
89.5
80 .6
78.1
87 .2

58.2
59.0
57.7
60.1
63 .3
65 .0
68.7
70 .2
68.1
69.1
79.5
73 .3
71.6
60 .1

48.2
50.3
50.2
51.7
53 .8
56.0
57 .9
59.2
58.2
58 .2
62 .8
60.2
59.2
60.1

7.4
8.7
11.2
9.5
7 .5
8.0
7 .3
6.1
6.4
6.1
5 .0
5.7
3 .9
4.1

MEMBER BANK DATA NOW AVAILABLE ONLY ON CALL DATES
1973--Jan. 31*
Feb . 28*
Mar . 28*
Apr . 25*
May 30*
June 30*
July 25*p
Aug. 29*p
Sept.26*p
Oct. 31*p
Nov. 28*p
Dec. 26*pr

69.1
69.8
70.9
71.3
72.3
72.4
73.2
73.8
74.5
72 .7
73.6
73.5

(68.9)
(69.7)
(70.8)
(71.1)
(72.1) 75.7
(72.2)
(72.9)
(73 .5)
(74.3)
(72.5)
(73.3)
(73.3)

1974--Jan.
Feb.
Mar.
Apr.

72.6
73.3
74.2
74.4

(72.4)
(73.1)
(73.8)
(74.1)

•A.

n - +- •

30*p
27*p
27*p
24*p

94.2 (92.2) 92 .3

82.2

64.0

4.0
3 .5
3 .4
3 .2
3 .2
3.1
2 .7
2 .8
2 .9
2 .9
3 .2
3.6
3.6
3.4
n»3.»
n.a.

_• —

V

Total loans (adjusted to exclude loans to banks); U.S. Government securities
maturing within one year estimated on basis of Treasury survey of ownership; and
total deposits (adjusted to exclude cash items in process of collection).
2/ Beginning June 1969, total loans are reported groess of valuation reserves rather
than net as previously reported . The higher loan 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 .
r/ Revised.




TABLE 11
Money Stock Measures and Deposit Turnover
(Seasonally adjusted; dollar amounts in billions)

M
1
Currency
plus
demand -.
deposits—

m2

M- plus
time dep.
at comm.
other than 2 ,
large CD's-

M0
l
M2 plus
deposits
bank thrift ^,
institutions—

Components of money stock measures and related items

Currency

204.2
194.4
229.2
270.9

194.7
201.7

182.6

180.9
183.5
203.9
237.9

54.6
54.9
55.3
55.8
56.3
56.9

192.0
193.0
194.2
195.6
196.3
198.7

37.9
38.7
39.8
40.2
41.9
43.4

257.1
259.9
262.4
265.3
267.5
269.9

830.4
836.7
841.7
847.7
855.0
863.5
867.9
870.9
873.2
879.8
886.9
893.2

57.1
57.5
58.0
58.6
58.9
59.4
59.5
59.8
60.2
60.4
60.9
61.6

199.6
200.4
200.1
200.8
203.4
206.2
207.0
206.4
205.2
206.1
207.9
208.8

44.7
49.1
54.6
58.4
61.3
62.0
63.9
66.3
66.7
63.8
62.0
62.8

573.7
580.1
584.1
588.0

898.3
906.8
913.5
919.2

61.8
62.6
63.3
63.9

207.8
210.0
211.6
212.8

585.8
587.0
589.9
588.0

n.a.
n.a.
n.a.
n.a.

63.4
64.1
64.0
63.8

212.7
212.2
214.7
212.6

235.2

382.4
392.1
425.2
473.0

577.1
593.8
641.2
726.9

43.4
46.1
49.1
52.6

-July
August
September
October
November
December

246.6
247.9
249.5
251.3
252.6
255.7

503.7
507.8
511.9
516.6
520.1
525.5

783.3
791.1
798.8
807.2
813.9
822.4

1973—January
February
March
April
May
June
July
August
September
October
November
December

256.7
257.9
258.1
259.4
262.4
265.5
266.4
266.2
265.4
266.5
268.8
270.4

529.6
532.3
534.6
538.3
543.6
549.4
552.0
554.9
556.6
561.6
566.7
570.7

1974—January
February
March
April

269.6
272.5
274.9
276.7

276.0
276.2
278.7
276.4

Week ending:
April

3
10
17
24




201.5

Total
23.3
10.9
25.3
33.0

208.6
221.2

1968--December
1969—December
1970--December
1971—December

Demand
Deposits

Nonbank thrift
institutions

158.1
162.5
172.2

U.S. Gov't
depos its

(all mp.mhfir)

Turnover
outside
N.Y. City
(per cent)

216.1

4.9
5.3
6.5

253.9

6.1

45.3
50.0
52.9
57.3

295.0
298.6
302.1
305.5
309.4
313.3

279.6
283.2
286.9
290.6
293.8
296.9

5.5
5.0
4.9
5.8
6.8
6.1

57.1
60.2
60.1
. 59.2
62.1
61.8

272.8
274.4
276.6
278.9
281.3
283.8
285.6
288.7
291.2
295.1
297.8
300.3

317.6
323.5
331.1
337.3
342.6
345.8
349.4
355.0
357.9
358.9
359.9
363.1

300.8
304.4
307.0
309.4
311.4
314.2
315.9
315.9
316.6
318.3
320.2
322.5

6.7
6.1
7.6
7.1
5.2
5.3
3.9
4.8
5.0
6.0
5.8
4.9

64.2
66.1
67.8
66.2
67.4
68.7
71.3
73.6
72.4
74.7
77.1
75.8

65.5
66.6
67.7
75.3

304.1
307.6
309.3
311.3

369.6
374.2
377.0
386.6

. 324.8
326.9
329.3
331.2

6.2
3.0
3.7
4.6

77.3
79.3
80.4
n.a,

71.5
73.9
74.8
76.9

309.8
310.7
311.2
311.6

381.2
384.6
386.1
388.5

n.a.
n.a.
n.a.
n.a.

4.8
5.0
5.0
4.0

n.a,
n.a!
n!al
n.a,

TABLE 12-A
Liquid Asset Holdings of Private Domestic Nonfinancial Investors*
(Seasonally adjusted monthly averages; amounts in billions of dollars, ratios in per cent)

Currency and deposits

Period

Total
liquid
assets
1

Total
2

Currency

Demand
deposits

3

4

Other liquid assets

1
Time Deposits

Commercial
banks
5

Thrift
institutions
6

Total
7

Negotiable
CD's
8

Commercial
paper
9

U.S. shortterm
marketable
Treasury
securities

Savings
bonds

10

11

1965—December
1966—December
1967—December
1968—December
1969--December
1970—December
1971--December

563.0
593.6
643.3
704.4
737.3
785.1
867.1

451.6
474.3
521.0
564.8
583.3
632.8
720.1

36.3
38.3
40.4
43.4
46.1
49.1
52.6

119.6
121.7
130.0
140.0
144.5
153.1
161.7

125.3
137.0
156.4
174.5
177.3
199.2
233.8

170.4
177.3
194.2
206.9
215.4
231.4
272.0

111.3
119.3
122.4
139.5
154.1
152.4
147.0

14.9
14.5
19.1
22.4
9.0
23.0
29.7

8.4
10.8
12.8
18.9
29.1
24.7
23.9

38.4
43.9
39.5
46.8
64.9
53.3
39.6

49.5
50.1
51.0
51.4
51.1
51.3
53.7

1972—July
August
September
October
November
December

930.6
938.2
945.8
955.9
965.5
977.4

776.0
783.5
790.7
799.6
805,8
814.7

54.6
54.9
55.3
55.8
56.3
56.9

169.4
170.0
170.4
172.0
172.1
175.0

252.4
255.1
257.5
260.3
262.4
264.8

299.6
303.4
307.5
311.5
315.0
318.1

154.6
154.7
155.1
156.3
159.7
162.8

34.8
35.6
36.6
36.8
38.2
39.3

27.1
26.7
26.1
26.0
26.8
27.3

37.1
36.6
36.3
37.1
38.1
39.1

55.6
55.8
56.1
56.4
56.7
57.0

1973—January
February
March
April
May
June
July
August
September
October
November
December

987.0
995.9
1008.2
1020.0
1032.4
1043.5
1051.7
1060.9
1067.5
1072.6
1080.0
1089.5

822.9
829.0
834.3
839.9
846.9
855.7
859.9
862.2
865.0
871.0
877.4
883.3

57.1
57.5
58.0
58.6
58.9
59.4
59.5
59.8
60.2
60.4
60.9
61.6

175.4
175.7
175.4
175.6
177.7
180.2
180.7
179.7
178.6
178.9
180.3
180.6

267.7
269.2
271.4
273.4
275.7
278.3
280.0
283.1
285.6
289.3
291.8
294.1

322.7
326.6
329.5
332.3
334.6
337.8
339.7
339.7
340.5
342.4
344,5
347.0

164.1
166.9
174.0
180.2
185.5
187.8
191.8
198.7
202.5
201.6
202.5
206.2

40.3
44.3
49.6
53.3
56.0
56.4
58.4
60.8
61.1
58.0
56.3
57.2

27.4
26.9
26.2
26.1
26.4
27.3
28.5
30.2
32.0
33.4
34.4
35.3

39.2
38.1
40.3
42.6
44.6
45.4
45.9
48.4
50.1
50.8
52.2
53.8

57.3
57.6
57.9
58.2
58.5
58.8
59.0
59.2
59.4
59.5
59.7
59.9

1974—January
February
March

1095.8
1105.1
1116.3

888.0
896.5
902.6

61.8
62.6
63.3

179.0
180.0
182.0

297.7
301.0
302.7

349.4
351.9
354.6

207.8
208.6
213.6

59.9
61.1
62.4

35.9
37.0
38.8

52.0
50.2
51.9

59.9
60.2
60.5

1131.7

908.1

63.9

182.8

304.6

356.8

223.6

70.1

40.1

52.6

60.8

April

*

For description of items, and computation of ratios see Table 14-C




TABLE 12-B

Period

Currency
and demand
deposits to
liquid assets

Bank
liability
to liquid
assets
13

Time deposits
at thrift
institutions to
liquid assets
14

Liquid
assets
to GNP
15

Currency
and d emand
deposits
to GNP
16

46.2
46.0
47,5
47.8
44.9
47.8
49.0
49.0
48.8

30.3
29.9
30,2
29.4
29.2
29.5
31.4
32.5
31.9

79.0
77.6
78.0
78.1
78.0
77.9
78.9
80.1
80.9

22.2
21.2
20.8

23.1
23.0
22.4

32.7
32.4
31.9
31.9

80.2
81.1

18.8
18.6

22.2

49.2
49.3
49.2
48.8

81.0

18.1

1974--March

22.0

49.0

31.8

81.8

18.0

1972—July
Aug.
Sept.
Oct.
Nov.
Dec.

24.1
24.0
23.9
23.8
23.7
23.7

49.1
49.1
49.1
49.1
49.0
49.0

32.2
32.3
32.5
32.6
32.6
32.5

n.a.
n.a.
n.a.

n.a.
n.a.

n.a.
n.a.
n.a.
n.a.
n.a.
n.a.

1973--Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.

23.6
23.4
23.1
23.0
22.9
23.0

49.0
49.1
49.2
49.2
49.3
49.3
49.4
49.4
49.2
49.1
48.9
48.8

32.7
32.8
32.7
32.6
32.4
32.4
32.3
32.0
31.9
31.9
31.9
31.9

n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.

n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.

49.0
49.2
49.0
49.3

31.9
31.8
31.8
31.5

n.a.
n.a.
n.a.
n.a.

n.a.
n.a.
n.a.
n.a.

1965- Dec.
1966--Dec.
1967- Dec,
1968 -Dec.
1969 -Dec.
1970- -Dec.
1971- Dec.
1972- -Dec.
1973 -Dec.

27.7
27.0
26.5

1973—March
June
September
December

1974—Jan.
Feb.
Mar.
Apr.




26.0

25.8
25.7
24.7
23.7
22.3

22.8
22.6
22.4
22.3
22.3

22.2

22.0

22.0
22.0

21.8

81.3

n-.a.

20.5
20.3
20.2
19.9
19.3
18.4

18.4




TABLE

12-C

Liquid Asset Holdings

Sum of columns 2 and 7.
Sum of columns 3, 4, 5, and 6.
Money stock components after deducting foreign holdings
and holdings by domestic financial institutions . The
three columns add to Mg held by domestic nonfinancial
sectors.
Deposits at nonbank thrift institutions, as published
in money stock statistics, plus monthly-average deposits
at credit unions.
Sum of columns 8, 9, 10, and 11.
Negotiable certificates of deposits over $100,000 at
weekly reporting banks, except foreign holdings.
Commercial paper held outside banks and other financial
institutions.
Short-term marketable U.S. Government securities excluding official, foreign, and financial institution holdings.
All issues due in one year or less, including bonds and
notes, plus a sliding proportion of issues due in 13 to
24 months.
Series E and H savings bonds held by individuals.
Sum of columns 3 and 4 to column 1.
Column 6 to column 1.
Column 1 to GNP. Annual averages are based on 12-month
averages of column 1 and annual GNP. Quarterly averages
are based on 3-month averages of column 1 and quarterly
GNP.
Sum of columns 3 and 4 to GNP. Annual averages are based
on 12-month average of columns 3 and 4 and annual GNP.
Quarterly averages are based on 3-month average of columns
3 and 4 quarterly GNP.