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November
L.4.3.
Not for Publication
26, 1973
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BANKING AND MONETARY DEVELOPMENTS
October 1973
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 rates (per cent)
1971
1972
1973
1st
half
1st
Qtr.
2nd
Qtr.
3rd
Qtr.
Year
Year
4th
Qtr.
11.3
14.8
15.7
16.4
19.6
12.6
10.8
15.4
U.S. Gov't, sec.
3.8
3.0
2.6
-1.0
-9.7
7.9
35.1
-38.3
Other securities
21.5
11.8
9.8
5.8
2.4
9.2
12.3
16.8
7.8
29.1
9.8
18.0
19.8
22.5
29.6
14.3
16.9
22.5
7.7
5.2
5.4
11.9
18.5
28.5
37.3
18.1
15.7
17,4
3.1
Real estate loans
12.6
20.5
19.2
20.8
20.4
20.2
17.0
18.6
16.2
14.9
Consumer loans X-t
12.7
16.9
19.0
16.2
17.6
14.1
16.8
18.7
10.7
10.6
Total bank credit
Loans
Business loans
Au
S.LE
Septp Oct. p
4.3
6.8
-29.8
-29.1 •
- -
Adjusted for loans sales to bank affiliates
11.2
14.6
15.8
16.6
19.9
12.7
11.4
16.7
4.1
6.7
Loans
9.6
17.7
20.0
22.8
30.1
14.5
17.8
24.2
7.4
5.2
Business loans
4.8
11.8
18.5
28.9
37.7
18.4
17.3
19.5
3.1
Money stock
,6.6
8.3
8.6
6.0
1.7
10.3
0.6
-1.8
-2.3
4.6
Total time deposits
18.2
15.5
14.4
20.0
23.1
16.0
13.4
20.4
6.8
2.4
Time other than CD's
16.7
13.3
11.6
9.2
9.5
8.7
9.4
14.0
9.6
16.6
CD's (dollar change
in billions)
7.7
10,1
3.3
18.9
11.7
7.1
5.0
2.5
-0.2
-3.4
Total bank credit
1/
~
Beginning June 1972, business loans were reduced by $400 million as a result of
Ipan reclassifications at one large bank. Changes have been adjusted to take
account of this reclassification.
#
Table 2
Loans and Investments at All Commercial Banks
(Seasonally Adjusted)
Date
Total
Loans 1/
(In
b i 11 i o n s
U.S. Gov't,
securities
of
Other
securities
d o l l a r s
)
1970—Dec. 31
1971—Dec. 31
435.5
484.8
291.7
320.3
57.9
60.1
85.9
104.4
1972—Jan. 26
Feb. 23
Mar. 19
Apr. 26
May 31
June 30
July 26
Aug. 30
Sept. 27
Oct. 25
Nov. 29
Dec, 31
490.8
496.6
503.9
508.8
515.5
518.5
522.8
529.0
535.4
540.4
549.9
556.4
325.6
328.4
333.7
337.4
341.5
344.7
349.1
354. L
360.0
365.7
372.9
377.8
59.5
61.2
61.9
62.7
63.7
63.2
62.3
61.9
61.5
60.3
60. <r
61.9
105.7
106.9
108.3
108.7
110.3
110.6
111.4
113.0
113.9
114.4
116.1
116.7
1973—Jan. 31
Feb. 28
Mar. 28
Apr. 25
May 30
June 30
July 25 p
Aug. 29 p
Sept. 26
Oct. 31 p
564.7
575.4
583.6
589.6
597.7
602.0
608.2
616.0
618.2
621.7
385.8
397.2
405.8
411.1
417.4
420.3
427.3
435.3
438.1
440.0
61.8
60.6
60.4
61.0
61.0
61.6
59.6
57.7
56.3
54.9
117.1
117.6
117.4
117.5
119.3
120.1
121.3
123.0
123.8
126.8
1/
Adjusted to exclude
domestic commercial interbank loans
Preliminary.
Table 3
LOANS SOLD OUTRIGHT BY COMMERCIAL BANKS AND BANK CREDIT ADJUSTED FOR SELECTED LOAN SALES
Loans sold outright by commercial banks
(outstanding in billions of dollars,
N.S.A.)
Sold to
Sold to
Date
Affiliates 1/
nonbank public 2/
Business
Business
Business
Total
Loans
Total
Loans
Total
Loans
1970--Dec.
4.7
2.5
3.0
2. 1
1.7
0.4
1971--Dec.
4.5
2.0
2.8
1.6
1.7
0.4
1972--Dec.
4.4
2.0
2.6
1.7
1.8
0.3
1973
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
31
28
28
25
30
30
25p
29p
26p
31p
4.4
4.9
5. 1
5.4
5.5
5.2
5. 7
6.5
6. 4
6.4
2.0
2.4
2.3
2.6
2.5
2.5
2.9
3.2
3.3
3.2
2.6
3. 1
3.2
3.6
3.7
3.5
4.0
4. 7
4.6
4.6
1973
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
31
28
28
25
30
30
30p
29p
26p
31p
5/
0.5
0.2
0.3
0. 1
-0.2
0.5
0.8
-0.1
5/
1/
0.4
-0.1
0.3
-0.1
5/
0.4
0.3
0.1
-0.1
5/
0.5
0.1
0.4
0. 1
-0.1
0.5
0.7
-0. 1
5/
1. 7
2. 1
2.0
2.3
2.2
2.2
2.6
2.9
2.9
2.9
1/
0.4
-0.1
0.3
-0.1
5/
0.4
0.3
5/
5/
1.8
1.8
1.9
1.8
1.8
1.7
1.7
1.8
1.8
1.8
5/
5/
0.1
-0. 1
5/
-0.1
5/
0.1
5/
5/
Commercial bank credit
Total loans
and inviastments
O'riginial
Ad lusted 3/
435.5
438. 5
484.8
487.6
556.4
559.0
0.3
0.3
0.3
0.3
0.3
0.3
0.3
0.3
0.4
0.3
564. 7
575.4
583.6
589.6
597.7
602.0
608.2
616.0
618.2
621.7
Net i
Change
(Billions of dollars
5/
5/
5/
5/
5/
5/
5/
5/
0.1
-0.1
Businesss loans
Original
Ad lusted 4/
110.0
112. 1
115.9
117.5
129. 7
131.4
567.3
678.5
586.8
593.2
601.4
605.5
612.2
620.7
622.8
626.3
385.8
397.2
405.8
411. 1
417.4
420.3
427.3
435.3
438. 1
440.0
388.4
400. 3
409.0
414.7
421.0
423.8
431.3
440.0
442.7
444.6
133.3
138. 1
141.8
143. 9
146.8
148.2
151.4
153.6
154.0
154.0
135.0
140.2
143.8
146.2
149. 0
150.3
154.0
156.5
156. 9
156.9
17.9
22. 7
17. 1
12.3
16.5
8.6
12.4
15.4
4.3
17.8
23.7
17.2
13.1
16.6
8.2
13.3
16.7
4.1
25.4
35.5
26.0
15.7
18.4
8.3
20.0
22.5
7.7
25.2
36.8
26. 1
16.7
18.5
7.7
' 21.2
24.2
7.4
33.3
43.2
32.2
17.8
24.2
11.4
25.9
17.4
3.1
32. 9
46.2
30.8
20.0
23.0
11,3
28. 7
19.5
3. 1
6.8
6.7
5.2
y To bank holding companies affiliates, subsidiaries or foreign branches.
2/ To other than banks' and bank-related affiliates or subsidiaries
Total loans
Original
Ad lusted 3/
291.7
294.7
320.3
323. 1
377.8
380. 4
5.2
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
Through
brokers
and 1/
dealers
Direct^
Commercial
paper 2/
Loans sold under
repurchase agreement 3/
To the
Customer
To bank
, . nonbank, guaranteed Ineligible
Total affiliates—
public271
paper
acceptances
1969
May
Dec.
23
31
12.7
19.6
10.9
14.5
9.9
12.8
0.6
0.8
0.1 6/
0.6
0.2 6/
0.3
4.3
0.8
0.6
1970
June
Dec.
24
30
21.5
11.7
13.1
8.6
12.2
7.7
0.6
0.7
0.2
0.1
0.1
1/
7.6
2.3
0.7
0.7
1971
Dec.
29
4.4
1.3
0.9
0.4
V
1/
2.0
5.0
4.7
5.1
4.8
4.6
4. 6
4.7
4.7
5.3
4.9
5.2
4.9
1.8
1.4
1.8
1.6
1.7
1.7
1.6
1.5
2.2
1.6
1.9
1.6
1.4
1.1
1.5
1.4
1.5
1.4
1.3
1.3
2.0
1.4
1.7
1.4
0.3
0.3
0.3
0.3
0.3
0.2
0.2
0.2
0.2
0.2
0.2
0.2
1/
7/
2/
1/
7/
2/
2/
7/
7/ —
7/
7/
7/
1/
1/
7/
7/
1/
7/
7/
2/
2.1
2.1
2.2
1.2
2.3
2.4
2.4
2.5
0.9
1/
1/
7/
2.6
2.6
0.7
0.7
5.0
5.2
6.1
6.1
6.6
6.9
7.6
8. 4
1.6
1.0
1.4
1.3
1.5
1.7
2.3
3.0
1.4
0.8
1.1
1.1
1.3
1.5
2.1
2.8
0.2
0.2
0.2
0.2
0.2
0.2
0.1
0.1
1/
1/
2/
2/
2/
7/
1/
7/
7/
7/
7/
2/
0.1
7/
2.7
3.1
3.5
3.8
4.0
4.3
0.7
1.1
0.9
4.5
5.1
0.3
0.2
7*5
7.1
1.9
1.9
1.7
1.7
0.1
0.1
5.2
4.9
0.3
0.3
1972
Jan. 26
Feb. 23
Mar. 29
Apr. 26
May
31
June 28
July 26
: Aug.. 30
Sept . 27
Oct. Z5
Nov. 29
Dec. 27
1973
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
31
28
28
25
3027
25
29
Sept. 26
Oct. 31
V
7/
y.
1
1!
V
7/
1
1
%/
2/
0.8
2.2
2.0
2.0
.
0.6
0.2
0.1
0.3
1/
0.1
0.7
0.7
0.1
7/
0.3
0.3
0.2
1.2
1.0
0.2
0.3
0.2
1.2
1.0
0.2
0.3
0.3
0.3
0.3
0.4
0.4
0.40.4
0.2
0.4
0.4
0.3
0.3
0.3
0.3
0.3
0.3
0.4
0.4
0.1
0.1
0.4
0.4
0.4
0.4
0.1
0.2
0.2
0.1
0.4
0.4
0.4
0.3
0.4
0.1
oil
it
0.1
0.2
0.3
0.4
i:f
0.2
0.1
0.3
1.1
9,2
Or 1
0.4
,0.9
1.0
1.1
0.9
0.9
1.0
0.8
0.8
0.8
1.0
1.3
1.0
0.8
1/ Includes an indeterminate amount of Federal funds purchases from U.S. Agencies of foreign banks.
2/ Issued by a bank holding company or other bank affiliates.
3J Loans or participation in pools of loans sold under repurchase agreements.
4/ To bank holding companies, affiliates, or subsidiaries.
5/ To other than banks and bank-related affiliates or subsidiaries.
6/ Partly estimated.
http://fraser.stlouisfed.org/
7/ Less than $50 million.
Federal Reserve Bank of St. Louis
0.4
1.0
1.0
0.9
0.9
0.9
0.7
0.7
0.7
0.6
0.6
0.6
0.6
0.9
1.1
0.9
0.9
0.8
0.6
0.2
0.1
0.1
1/
0.2
0.2
0.1
0.1
0.2
0.5
0.6
0.9
1.1
Table 5
Loans at All Commercial Banks
Seasonally Adjusted
Business
Date
( I n
Consumer
Real Estate
b i l l i o n s
of
d o l l a r
Security
Nonbank
financial
Agriculture
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.
31
28
28
25
30
30
25
29
26
31
133.3
138.1
141.8
143.9
146.8
148.2
151.4
153.6
154.0
154.0
99.7
101.3
103.1
104.6
106.5
108.3
109.7
111.4
112.9
114.3
71.5
72.5
73.5
74.2
75.2
76.1
77.0
78.2
78.9
79.6
14.3
14.3
14.0
14.0
13.9
13.2
12.4
13.2
12.1
12.6
22.5
24.1
24.9
25.3
26.6
25.9
27.1
28.5
28.7
27.3
15.0
15.1
15.2
15.3
15.5
15.7
15.8
16.0
16.2
16.4
p
p
p
p
p - Preliminary
Table 6
Changes in Loans and Investments at All Commercial Banks, Seasonally Adjusted
(In billions of dollars)
Item
Sept. p
Oct. p
Feb.
Mar.
Apr.
May
June
July p
Aug. p
+8.3
+10.7
+8.2
+6.0
+8.1
44.3
+6.2
+7.8
+2.2
+ 3.5
+1.0
-0.1
-1.2
-0.2
+0.6
i/
4-0. 6
-2.0
-1.9
-1.4
-1.4
+1.7
+0.6
+0.4
+0.5
-0.2
+0.1
+1.8
40.8
+1.2
+1.7
+0.8
+3.0
+5.7
+7.2
44.9
+8.0
+11.4
+8.6
+5.3
+6.3
+2.9
+7.0
+8.0
+2.8
+1.9
+0.8
+2.2
+1.9
+1.5
+3.6
44.8
+3.7
+2.1
+2.9
+1.4
+3.2
+2.2
+0.4
- -
Real estate
+1.3
+1.4
+1# 7
+1.4
+1.6
+1.6
+1.8
+1.5
+1.9
+1.8
+1.4
+1.7
+1.5
+1.4
Consumer
+1.0
+1.1
+1.0
+1.1
+1.1
+1.0
+1.0
+0.7
+1.0*
+0.9
+0.9
+1.2
+0.7
40.7
Security
+0.9
-0.6
+0.9
-0.4
-0.4
1/
-0.3
1/
-0.1
-0.7
-0.8
+0.8
-1.1
+0.5
Nonbank financial
+0.4
+0.9
+1.0
+0.4
+1.0
+1.6
+0.8
+0.4
+1.3
-0.7
+1.2
+1.4
+0.2
-1.4
Agriculture
+0.1
+0.4
+0.4
+0.3
+0.4
+0.1
+0.1
+0.1
+0.2
+0.2
+0.1
+0.2
+0.2
+0.2
All other
+1.4
+0.3
+0.3
+0.6
+0.7
+2.3
+1.5
+0.5
-0.9
1/
+1.0
+0.5
+0.9
+0.5
Nov.
Dec.
Sept.
Oct.
Loans and Investments 2/
+6.4
+5.0
+9.5
+6.5
U. S. Gov't, securities
-0.4
-1.2
40.6
Other securities
+0.9
+0.5
Loans If
+5.9
Business
If
Eess than $50 million.
It
Adjusted to exclude domestic interbank loans.
Jan.
Table 6A
Changes in Loans and Investments at All Commercial Banks, Seasonally Adjusted
Adjusted for Loans Sold to Affiliates
(In billions of dollars)
Item
Sept.
Oct,
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
Loans and Investments 2/
+6.3
+5.0
+9.7
+6.6
+8.3
+11.2
+8.3
+6.4
U. S. Gov't, securities
-0.4
-1.2
+0.6
+1.0
-0.1
-1.2
-0.2
Other securities
+0.9
+0.5
+1.7
+0.6
+0.4
+0.5
Loans 2/
+5.8
+5.7
+7.4
+5.0
+8.0
+0.8
+2.1
+2.1
+1.6
+3.6
Business
1
June
July p Aug.p
Sept.p
Oct.
+8.2
+4.1
+6.7
+8.5
+2.1
+3.5
+0.6
1/
+0.6
-2.0
-1.9
-1.4
-1.4
-0.2
+0.1
+1.8
+0.8
+1.2
+1.7
+0.8
+3.0
+11.9
+8.7
+5.7
+6.4
*+2.7
+7.5
+8.7
+2.7
+1.9
+5.2
+3.6
+2.4
+2.8
+1.4
+3.6
+2.5
+0.4
Real estate
Consumer
Security
Nonbank financial
Agriculture
All other
Total loans excluding
security 3/
Total loans excluding
security and nonbank financial 3/
1/ Less than $50 million.
2/ Adjusted to exclude domestic interbank loans,
NOT AV,MLABLB
>-
Table 7
Changes in Loans a nd Investments at All Commercial Banks, at Weekly
Reporting Banks, and at Other Banks, Not Seasonally Adjusted
Adjusted for Selected Loan Sales
(In billions of dollars)
Last Wednesday of September to last Wednesday of October
Item
All commercial banks 2/
Total loans
U. S. Gov't, securities
Other securities
Total
2/3/
All Large Banks
Total loans
U. S. Gov't, securities
Other securities
Tot#l
1973p
1972r
4-0.8
+4.5
+3.6
±0,2
+5.3
+0.8
±2*0
-0.3
+0.9
±L2
1970
1971
+2.5
+2.2
+1.0
-0.1
+2.2
+1.0
z M
1968
-0.3
+1.1
-2.8
+0.8
+0.8
+1.1
±0^9
+0*7
-1.3
+1.0
+1.9
+0.1
-0.2
+0.6
±0^8
+1.2
+0.1
+0.1
+1.7
1967
-0.2
+2.3
+0.7
+1.3
+1.2
-0.8
+1.7
+0.6
+2.3
-0.4
+0.3
1969
+2.8
+0.6
+1.5
+0.5
+2.5
-0. 6
+1.6
+0.3
+1.3
2/3/
Other banks
Total loans
U. S. Gov't, securities
Other securities
Total
±oa
+1.0
+3.1
+0.6
+2.7
+0.5
+0.7
+0.8
+0.8
±0J.
+2.4
+0.4
+0.7
± M
+1.5
End of December to last Wednesday of October
Item
1973P
4/
1968
1967
+14.8
-10.2
-1.0
+3.7
+15.4
+2.3
+7.3
+25.0
+6.2
+10.2
-1.9
+1.7
+5.0
+4.8
+6.9
-6.1
-3.5
-2.7
+7.2
+1.3
+4.3
+12.9
+3.7
+7.9
-4.1
+5.7
+6.3
+12.1
1970
1972r
1971
+36.4
-4.0
+16.8
-1.8
+14.7
+29.7
+1.9
+2.5
+9.6
+14.0
1969
2/
All commercial banks Total loans
U. S. Gov't, securities
Other securities
,
Total
+54.7
-11.4
+52.1
+8.8
±&4
+41.8
+31.6
+0.9
+1.9
+27.4
+17.7
-3.6
+2.5
+16.5
+4.2
-2.5
+6.3
+23.0
-4.3
+18.7
+12.5
+0. 7
+8.4
+7.2
+23.7
2/3/
All Large Banks
Total loans
U. S. Gov't, securities
Other securities
Total
Other banks 2/2/
Total loans
U. S. Gov't, securities
Other securities
Total
+6.0
+24.7
-0.4
+7.0
+25.3
+8.0
+21.6
+0.8
+4.6
+9.1
+2.6
+1.5
+3.4
+6. 6
+11.6
+2.8
+3^6
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.
Less than $50 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, 1968, 1969,
1970, 1971, and 1972.
4/ Allowance has been made in monthly changes in total loans and in other securities
for approximately $700 million of Farmers Home Administration insured notes shifted
from loans to other securities on June 30, 1971; $200 million were at weekly
reporting banks and $500 million at other banks.
5/ Allowance has been made in monthly changes in total loans and in other securities
for approximately $1 billion of participation certificates shifted from loans to
other securities at the end of June; $700 million were at weekly reporting and
$300 million at nonweekly reporting. Allowance has been made in monthly changes
in total credit and in total loans for the $1.1 billion of balances accumulated
for the payment of personal loans excluded from time deposits and from loans on
June 9; $400 million were at weekly reporting banks and $700 million at other
banks.
NOTE:
-Table 8
Changes in Commercial and Industrial Loans at Large Commercial Banks
(In millions, of dollars)
Business of borrower
T.ate S eptemher to late October
1973p
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
Communication
Other public utilities
Construction
All other types of business
Bankers acceptances
Services
Other
Foreign business concerns
Classified
Unclassified
Total Change
1/
2J
-120
+193
+148
+ 84
+ 64
-568
- 80
-410
- 58
- 20
-174
- 26
-146
-207
- 20
-158
-224
- 91
- 65
- 68
-114
+ 81
+136
+ 17
- 72
- 49
-1,384
+ 41
-1,343
1972r
+190
+204
+369
+ 28
+341
-110
+ 22
+ 26
-134
- 24
-121
- 74
- 35
- 64
- 36
- 28
+350
+ 8
+ 26
+316
+ 9
+297
+ 95
+238
- 36
+102
4-1,053
+330
4-1,383
1971
1970
+ 39
+78
+127
+126
+177 . +244
+ 49
- 14
+128
+258
-805
-423
-227
- 11
-252
-353
- 67
-126
- 93
- 99
- 90
-145
-104
+ 37
-179
-167
- 87
-101
- 53
-117
- 90
+ 34
-245
-132
-136
- 22
-199
- 86
+ 90
- 24
6
+ 37
-128
±115
+ 83
+128
- 8
- 53
-203
+ 40
- 22
+ 49
-533
-1,298
+101
+112
-432
-1,186
Tate T)enember
1969
1973p
+146
+114
+247
+ 22
+225
- 32
+ 11
- 73
+ 80
- 50
-118
-171
+ 7
-57
-32
- 6
+72
-36
-11
+119
- 59
±243
+ 41
+3
+199
-1
+353
-154
+199
+292
-379
+2.064
+1,386
+ 678
+2.331
-38
+1,568
+231
+570
+793
+204
+712
+955
+497
+250
+2.193
+351
+202
+1,640
+986
+3.202
t340
+1,566
+1,976
+121
+14,221
+1,658
1-15,879
1972r
+105
-236
+1.326
4-1,127
+199
-899
+ 20
-405
-558
+ 44
+654
-290
-410
+400
- 86
- 99
+585
-258
4422
4421
+746
-259
-984
+881
-156
+357
4-1,894
4-1,767
1-3,661
to late October 2/
1971
1970
1969
-369
- 22
+1.085
+475
+610
-1.021
-8
-732
-217
- 64
+151
-312
-275
+163
-106
-174
- 99
-420
+ 33
+288
+327
+728
- 29
+132
+625
+544
+620
+556
4-1,176
-620
- 60
+416
+324
+ 92
+ 63
+ 3
-225
+240
+ 75
+358
-191
-210
+187
+ 11
-743
-1.235
+129
-363
-1,001
+111
+ 21
. +166
+ 25
-170
+ 22
-1,870
+206
-1,610
-329
-377
+480
+342
+138
+1.373
+93
+767
+342
+171
+423
+ 28
+186
+241
+243
+103
+714
+313
+ 70
+331
+262
+1.297
-281
+626
+952
-308
4-4,338
+169
+4,507
Five most comparable weeks used throughout.
Changes are compiled from December 27, 1972; December 29, 1971; December 30, 1970j December 31, 1969; and
December 25. 1968. These data cannot be linked with all commercial bank data which are always for December 31.
l
Table 9
Loans and Investments at All Commercial Banks
(In billions of dollars)
Loans and
investments U. S. Gov't
Date
1964--Dec.
1965--Dec.
1966--Dec.
1967--Dec.
1968^-Dec.
1969--Dec.
1970--Dec.
1971--Dec.
31
31
31
30
31
31
31
31
3/
1972--Jan. 26
Feb. 23
Mar. 29
Apr. 26
May
31
June 30 (old)
(new)
July 26
Aug. 30
Sept. 27
Oct. 25
Nov. 29
Dec. 31
1973--Jan. 31
Feb. 28
Mar. 28
Apr. 25
May
30
June 30
July 25p
Aug. 29p
Sept. 26p
Oct. 31p
279.2
307.6
324.0 1/
360.8
400.4
412.1
446.8
497.9
Other
securities
Total loans
Business
38.8
44.9
48.8 2/
61.5
71.5
71.3
86.1
104.7
177.4
203.2
219.0 1/2,
236.8
264.4
286.1
299.0
328.3
60.2
71.4
80.6
88.4
98.4
108.4
112.5
118.5
490.1
492.4
501.5
506.6
513.7
521.6
62.7
61.9
62.5
61.9
61.2
60.3
104.8
106.2
108.5
109.7
110.9
111.5
322.6
324.3
330.5
335.1
341.6
349.8
521.4
525.8
535.0
540.3
549.9
571.4
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
115.2
116.1
118.4
120.1
120.8
123.6,,
123. r122.3
122.2
124.2
125.8
127.6
132.7
565.6
571.1
580.6
587.3
594.8
605.6
606.8
612.0
617.9
621.4
65.6
61.6
61.2
60.4
58.3
57.9
56.4
54.7
54.8
55,6
116.5
116.8
117.7
118.6
119.9
121.1
121.4
122.8
123.9
125.9
383.5
392.6
401.7
408.3
416.6
426.6
429.1
434.6
439.1
439.9
132.0
136.6
141.7
144.4
146.4
150.4
151.8
152.2
154.1
153.3
Real
Security
Nonbank
Farm
8.4
8.5
9.0
10.5
11.8
10.7
12.1
12.9
7.5
8.2
8.6 2/
9.3
9.7
10.3
11.2
12.5
82.5
83.5
84.7
86.1
87.6
89.2
11.4
11.3
12.0
11.9
13.2
13.6
12.6
12.7
12.8
13.1
13.4
13.6
60.4
60.7
61.3
62.2
63.3
64.7
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
99.6
100.9
102.5
104.1
106.1
108.2
109.7
111.6
113.5
115.0
14.9
14.4
13.6
13.4
13.6
13.4
12.0
12.7
12.2
12.3
14.6
14.8
15.0
15.3
15.7
16.0
16.2
16.4
16.4
16.4
70.0 4/
65.6
66.9
67.7
68.6
69.4
70.6
16.0
16.2
16.8
16.9
16.9
18.1
18.4 5/
18.3
18.7
19.2
19.8
20.5
23.4
24.5
23.8
24.5
26.4
27.0
27.0
27.2 I'
26.4
26.3
27.1
27.6
28. 3
30.3
71.0
71.6
72.5
73.7
75.1
76.5
77.5
79.0
79.5
80.0
22.2
23.3
24.5
24.8
26.0
27.7
27.5
28.1
28.6
27.7
29.2
31.0
31.9
32.6
33.7.
34.4
34.4
34.6
p - Preliminary
NOTE:
on'all^ut^JuntT'and^Decembei^call^ates. ^ ° n S U m e r and "other loans" were partly estimated for all dates.
other"*loans""
11
reclassified"^'"other'securities"^*11*0"
" a r t i c i P a t i ° n certificates previously included in agricultural and "all other" loans were
-z
:::i:r::
311 bank premlses
tz
-
by $100 m m i o n as
^
°
f
Other data are partly estimated
1Z
accumulated for the payment of personal loans were deducted from time deposits and "all
and
°ther
-
w
*
™
*
domestic subsidiaries:
—
—
—
*
—
^^"I:a;*::cl:s:;:icali!400^million,^nonbank financial increased by $300 million, and "other" loans increased
11-1
TABLE 10
Ratios to Total Deposits
L O A N S
D A T E
All
commercial
banks
1959—Dec.
1960—Dec.
1961—Dec.
1962—Dec.
1963—Dec.
1964—Dec.
1965—Dec.
1966—Dec.
1967—Dec.
1968—Dec.
1969—Dec.
1970—Dec.
1971—Dec.
31
31
31
28
25
31
31
31
30
31* 9 ,
31*
31*
31* V
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
(63.7)
(69.8)
(66.2)
(65.6)
Total
B a n k s
M e m b e r
Reserve City Banks
New York City of !
City
Chicago JJDther 1Country
55.61 67.3
56.5 65.9
55.7 65.0
57.7 67.9
59.9 67.4
61.9 69.3
65.4 75.9
67.9 83.5
65.8 79.9
66.8 83.5 (76.3)
75.7 102.8(86.4)
69.9 87.5 (79.6)
68.0 84.1 (83.2)
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
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
|
|
I
!
;
i
|
j
1
I
i
|
U.S. Government
securities maturing
within one year
All commercial
banks
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
!
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
i
1
MEMBER BANK DATA NOW AVAILABLE ONL'1 ON CvM L DATEIS.
1972—Jan. 26*
Feb. 23*
Mar. 29*
Apr. 26*
May 31*
June 30*
July 26*
Aug. 30*
Sept. 27*
Oct. 25*
Nov. 29*
Dec. 31*
66.5
66.5
66.7
67.0
67.3
68.1
68.2
68.5
68.7
68.6
68.9
67.9
(66.3)
(66.3)
(66.4)
(66.8)
(67.1)
(67.9)
(68.1)
(68.3)
(68.4)
(68.4)
(68.7)
(67.7)
1973--Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
69.1
69.8
70.9
71.3
72.3
72.4
73.2
73.8
74.5
72.7
(68.9)
(69.7)
(70.8)
(71.1)
(72.1)
(72.2)
(72.9)
(73.5)
(74.3)
(72.5)
31*
28*
2 8*
25*
30*
30*
25*p
29*p
26*p
31*p_
70.5 84.9 (83.6)
84.7
75.0
61.0
70.6 85.4 (85.4)
87.2
60.1
60.1
75.7
94.2 (92.2)
92.3
64.0
82.2
3.6
3.9
4.0
3.6
3.7
3.5
3.3
3.4
3.3
3.2
3.5
4.1
4.0
3.5
3.4
3.2
3.2
3.1
9
I
1
7
2.8
2.9
n.a.
* - Ratios in parentheses are those obtained by adding Euro-dollars to the deposit base.
iy
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 gross 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.
3J for Loan
data revised to exclude only loans to domestic commercial banks. Previous data
Digitized
FRASER
http://fraser.stlouisfed.org/
had also excluded loans to foreign commercial banks.
Federal Reserve Bank of St. Louis
1
TABLE 11
Money Stock Measures and Deposit Turnover
(Seasonally adjusted; dollar amounts in billions)
M,
1
Currency
plus
demand - .
deposits—
1968--December
1969--December
1970—December
1971--December
201.6
208.8
221.3
236.0
«2
Mj plus
time dep.
at comm.
other than?/
large CD's—
382.5
392.3
425.2
473.8
M3
M2 plus
deposits
at nonbank thrift
.
institutions—
Currency
Components of money stock measures and related items
Time and
NonU.S. Gov't.
Demand
savings deposits
bank thrift
deposits
Deposits
CD's
Other
Total
institutions
(all member)
577.2
594.0
641.3
727.7
43.4
46.1
49.1
52.6
158.2
162.7
172.2
183.4
23.3
10.9
25.3
33.0
180.9
183.5
203.9
237.9
204.2
194.4
229.2
270.9
194.7
201.7
216.1
253.8
4.9
5.3
6.5
45.3
50.0
52.9
6.1
57.3
735.7
746.0
754.8
761.5
767.9
775.1
784.0
791.6
799.1
807.0
813.7
52.9
53 .7
53.6
53.9
54.2
54.4
54.6
54.8
55.3
55.7
56.2
56 .8
183.3
185.8
187.7
189.1
189.6
190.7
193.1
193.8
194.8
195.9
196.5
198.7
33.2
33.7
33.8
35.2
36.8
37.5
38.3
39.1
39.8
40.0
41.2
43.2
241.7
244.8
247.5
249.1
251.8
254.2
256.8
259.8
262.0
264.8
267.1
269.6
274.9
278.6
281.3
284.3
288.6
291.7
295.0
298.9
301.9
304.8
308.4
312.8
257.8
262.1
265.9
269.4
272 .4
275.7
279.6
283.3
286.9
290.6
293 .9
296 .9
6.3
4.6
5.7
56.3
56.2
57.2
58.9
58.7
58.6
57.1
828.8
1972--January
February
March
April
May
June
July
August
September
October
November
December
236.2
239.1
241.4
243.0
243.8
245.1
247.7
248.6
250.1
251.6
252 .7
255.5
477.9
483.9
488.9
492.1
495.5
499.3
504.5
508.4
512.1
516.4
519.8
525.1
1973--January
February
March
April
May
June
July
Aug
Sept r
Oct p
255.4
256.7
256.6
258.2
260.5
263.2
264.3
263.9
263.4
264.4
527.9
530.5
532.6
536.2
540.6
545.3
547.6
550.5
552.3
557.3
834.9
839.6
845.6
852.0
859.4
863.4
866.4
868.8
875.6
57.0
57.5
57.9
58.7
59.0
59.4
59.5
59.7
60.1
60.3
198.4
199.3
198.7
199.5
201.6
203.9
204.9
204.2
203.3
204.1
44.4
48.8
54.9
58.7
61.7
62.,0
64.5
67.0
66.8
63.4
272.5
273.8
276.0
278.0
280.1
282.0
283.3
286.6
288.9
292.9
316.9
322.6
330.9
336.7
341.8
344.1
347.7
353.6
355.6
356.3
300.8
304.4
307.0
309.4
311.4
314.1
315.8
315.9
316.6
318.3
7.1
7.2
7.5
5.8
4.6
5.1
3.4
4.2
5.1
264.6
263.6
265.6
262.9
264.9
555.1
555.1
558.0
556.2
560.1
n.a.
n.a.
n.a.
n.a.
n.a.
60.0
60. 6
60.3
60.5
60.0
204.6
203.0
205.2
202.3
204.9
64.9
63.9
63.1
63.3
62.7
290.7
291.5
292.5
293.3
295.2
355.3
355.4
355.6
356.6
358.0
n.a
n.a
n.a
n.a,
n.a,
5.9
6.9
7.5
Week ending:
1973Oct
3
10
17
24
31
822.0
2/
Digitized 3/
for FRASER
W ®
Turnover
outside
N.Y. City
(per cent)
99
w ®
shares.
6.8
7.5
6.2
5.2
4.5
5.1
6.3
6.9
6.5
6. 6
6.8
5.3
60.2
60.1
59.2
62.1
61.8
64.3
65.9
67.6
66.4
67.2
68.6
71.2
73.6
72.4
n.a.
n;a.
n.a.
n.a.
n.a.
n.a.
TABLE 12 -A
Liquid Asset Holdings of Private Domestic Nonfinaneial Investors*
(Seasonally adjusted monthly averages; amounts in billions of dollars, ratios in per cent)
Currency and deposits
Other liquid assets
Time Deposits
U.S. Shortterm
marketable
Treasury
securities
10
Period
Total
liquid
assets
Total
Currency
Demand
deposits
8
9
1965--Dec.
1966--Dec.
1967--Dec.
1968--Dec.
196 9--Dec .
1970--Dec.
1971--Dec.
561.0
590.6
640.7
699.1
730.9
781.5
865.7
451.0
473.7
520.4
563.2
582.2
630.7
719.3
36.3
38.3
40.4
43.4
46.1
49.1
52.6
119.1
121.1
129.4
139.4
143.6
151.5
161.3
125.2
136.9
156.3
174.4
177.2
198.7
233.4
170.4
177.3
194.2
205.9
215.4
231.4
272 .0
110.0
117.0
120.4
135.9
148.7
150.8
146.4
14.9
14.5
19.1
22.4
9.0
23.0
29.8
6.8
8.8
10.4
14.9
23.4
22.6
21.5
38.7
43.6
39.9
47.2
65.3
53.8
41.5
1972—July
Aug .
Sept.
Oct.
Nov.
Dec.
927.3
935 .9
944.4
953.3
963.8
775.7
783.3
790.9
799.1
805.9
814.6
54.6
54.8
55.3
55.7
56.2
56.8
169.5
170.2
171.2
172.1
172.7
174.7
251.9
254.9
257.0
259.8
262.2
264.8
299.6
303.4
307.4
311.5
314.9
318.2
1 151.6
152.5
153.5
154.2
157.8
161.2
35.2
36.1
36.7
36.6
37.5
39.2
21.9
21.5
21.3
21.0
21.5
21.6
38.9
39.1
39.4
40.2
173.9
174.6
174.2
175.3
177.1
179.2
179.9
267.6
268.9
271.0
272.8
274.8
276.9
278.1
281.4
283.6
287.3
322.7
326.6
329.5
332.3
334.6
337.7
>39.6
339.7
340.5
342.4
39.9
44.0
49.8
53.6
56.4
56.4
59.0
61.5
21.6
20.5
19.4
18.8
18.8
19.4
20.3
21.5
2.2.7
23.2
Commercial
banks
Thrift
institutions
Total
Negotiable
CD's
7
975.8
1973--Jan.
Feb.
Mar.
Apr.
May
June
July
981.4
990.5
1,002.0
1,012.2
1,023.4
1,032.6
1.041.1
821.2
827.5
832.6
839.0
845.5
853.1
857.1
57.0
57.5
57.9
58.7
59.0
59.4
59.5
Aug.
1.049.2
1,054.2
1,057.9
859.8
861.1
868.9
59.7
179.0
60.1
177.9
178.9
Sept.
Oct. T
60.3
For description of items, and computation of ratios see Table 14-C
160.1
163.0
{ 169.3
173.2
177.9
179.5
184.0
189.4
192.0
189.0
j
61.2
57.7
Commercial
paper
42.1
43.4
41.5
40.9
42.2
42.6
44.2
45.0
45.7
47.2
48.8
48.6
'
Savings
bonds
11
49.5
50.1
51.0
51.4
51.1
51.3
53.7
55 .6
55.9
56.1
56.4
56.7
57.0
57.2
57.6 '
57.9
58.2
58.5
58.8
59.1
59.2
59.3
59.5
TABLE
Period
Currency
and demand
deposits to
liquid assets
Bank
liability
to liquid
assets
12-B
Time deposits
at thrift
institutions to
liquid assets
Liquid
assets
t o GNP
Currency
and demand
deposits
to GNP
_I2_
_LL
JA.
15_
_L6_
1965- -Dec.
1966- -Dec.
1967- Dec.
1968- -Dec.
1969- Dec.
1970- Dec.
1971- -Dec.
1972- Dec.
27.7
27.0
26.5
46.2
46.1
47.6
48.1
45.1
47.8
49.0
49.1
30.4
78.9
77.3
77.6
77.5
77.3
77.4
79.0
22.1
21.2
1973-March
June
September
23.2
23.1
49.4
49.6
49.6
32.9
32.7
32.3
80.2
80.5
80.4
18.8
18.6
18.3
1972—Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.
24.5
24.6
49.1
49.2
49.2
49.2
49.2
49.2
49.2
49.3
49.2
49.1
49.0
49.1
31.6
31.8
31.9
32.0
32.6
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.
49.1
49.2
49.4
49.6
49.7
49.6
49.7
49.7
49.6
49.5
32.9
33.0
32.9
32.8
32.7
32.7
32 . 6
32.4
32.3
32.4
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.
1973-Jan.
Feb.
Mar.
Apr.
May
June
July r
Aug. r
Sept.r
Oct. r
26.2
25.9
25.7
24.7
23.7
22.6
24.6
24.5
24.3
24.2
24.2
24.0
24.0
23.9
23.7
23.7
23.5
23.4
23.2
23.1
23.1
23.1
23.0
22.8
22.6
22.6
30.0
30.3
29.5
29.5
29.6
31.4
32.6
32.1
32.2
32.3
32.4
32.6
32.7
32.7
80.2
20.8
20.4
20.2
20.1
19.9
19.4
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 M» 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.
@FedFRASER