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October 19, 1972
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for Publication
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~ Library. ^
BANKING AND MONETARY DEVELOPMENTS
September 1972
Banking Section
Division of Research and Statistics
Board of Governors of the Federal Reserve System
TABIE 1
Changes in Commercial Bank Credit, Money Stock,
and Time Deposits
Seasonally adjusted annual rates (per cent)
1969
1970 1971
19 7 2
1st
2nd
I 1st
3rd
Year
Year Year
Qtr.
Otr. 1 Half
Otr.
Total bank credit
2/
13.8- 18.2
12.5-'
8.2
-7.6
-17.3
11.7
6.2
11.7
9.8
11.9
10.7
16.5
11.9
14.4
5.4
10.0
9.1
9.7
12.9
24.7
6.8
3.6
13.7
18.7
19.2
19.4
17.5
19.9
14.3
3.3
9.9
H.7
14.2
13.2
17.9
22.4
16.0
2.9
8.4
11.4
15.9
9.9
13.1
U.S . Gov't. sec.
-15.7
12.6
4.7
10.5
5.8
Other securities
-0.3
20.6
20.7
16.8
8.2
4.5
12.5
10.2
3.7
Real estate loans
8.3
Consumer loans
7.4
Loans
Business loans
I
Aug. | Sept.
19.0^/ 26.9
12.82./
Adjusted for loan sales to bank affiliates
3.9
8.1
11.3
15.7
9.5
12.8
2/
13.6- 18.3
11.9^
9.7
4.1
9.9
16.3
11.2
14.0
1 8 . 2 7 . 0
12 . 4 ^
12.9
3.1
4.8
10.6.
3.2
5 .4
6.2
-4.9
17 .9
Time other than CD's
1.4
CD's (Dollar change
in billions)
-12.6
Total bank credit
I
Loans
Business loans
Money stock
Total time deposits
®
8 . 0 ^
1/
9.4- 12.4
24.4
5.7
9.3
5.3
7.4
8.6
5.5
6.0
17.9
14.8
15.7
15.6
13.2
13.9
13.7
11 .0
16.2
17.1
11.8
14.7
10.1
9.9
11.6
14 .5
7.9
-0.1
3.7
3.7
3.2
1.2
1.0
1/ Beginning June 1972, business loans were reduced by $400 million as a result
of loan reclassifications at one large bank. . Changes have been adjusted to take account
of this reclassification.
*
Note: Bank Credit data have been revised beginning in January 1972, to conform to
June 30, 1972 Call Report Benchmark.
2/ Includes $800 million system matched sale-purchase transactions outstanding on
September 27.
Table 2
Loans and Investments at All Commercial Banks
(Seasonally Adjusted)
Date
Loans
Total
( I n
1 9 6 8 — D e c . 31
1 9 6 9 — D e c . 31 2/
1970--Dec. 31
390.6
402.1
435.9
1971--June 30 (old)
(new) 4/
July 28
Aug. 25
Sept. 29
Oct. 27
Nov. 24
Dec. 31
461.1
1972--Jan. 26
Feb. 23
Mar. 29
Apr. 26
May 31
June 30
July 26
Aug. 30
Sept.27 p
b i l l i o n s
258.2
279.4
292 .0
Other
securities
U.S. Gov't.
securities
of
d o l l a r s
61.0
51.5
58.0
)
71.4
71.2
85.9
62.8
463.7
468.4
472.4
477.2
479.8
485.7
302.4
301.7
304.1
309.7
313.0
317.0
318.7
320.6
61.6
60.9
59.9
59.1
58.8
60.7
95.9
96.6
98.0
97.8
99.5
101.1
102.2
104.5
491.4
496.6
505.0
507.4
516.1
517.5
521.9
529.8
535.3 5/
325 .7
328.5
333.8
335 .9
341.9
343.7
348.4
356.2
360.0 5/
59.7
61.0
62.3
62.6
63.1
63.2
62.3
61.4
62.0
106.0
107.1
108.9
108.9
111.1
110.6
111.2
112.3
113.3
1/ Adjusted to exclude domestic commercial interbank loans.
P ~ Preliminary.
J/ Beginning July 1969, bank credit data are revised to include all bank premises subsidiaries and
~~
other significant majority-owned domestic subsidiaries; earlier data for commercial banks only.
Also total loans and investments are now reported gross of valuation reserves rather than net
as previously reported. Individual loan items have always been reported gross.
4/
5/
Beginning June 30, 1971, Farmers Home Administration insured notes totaling approximately $700 million
are included in other securities; previously they had been included in real estate loans.
Includes $800 million system matched sale-purchase transactions outstanding on September 27.
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
nonbank public 2/
Affiliates 1/
Business
Business
Business
Total
Loans
Total
Total
1971
Jan.
Feb.
Mar.
Apr.
May
June
27
24
31
28
26
30(old)"
(new)
July 28
Aug. 25
Sept .29
Ofct. 27
Nov. 24
Dec. 31
SZ2'
Jan. 26
Feb. 23
Mar. 29
Apr. 26
* y 31
June 30(old)
(new)
July 26
A-ug. 30
Sept.27 p
1971
Jan. 27
Feb. 24
M»r. 31
Apr. 28
May 26
June 30
July 28
Aug. 25
Sept .29
0#t. 27
Nov. 24
Dec. 31
1972
Jan. 26
Feb. 23
M»r. 29
Apr. 26
May 31
June 30
July 26
Aug. 30
Sept.27 p
Commercial bank credit
(seasonally adjusted)
Total loans
and investments
Original
Adjusted 3/
Total loans
Adjusted 3/
Original
Business loans
Original
Adjusted 4/
4.6
4.5
4.5
4.4
4.5
4.7
2.5
2.5
2.3
2.3
2.3
2.3
2.9
2.9
2.9
2.7
2.8
3.1
2.1
1.9
1.9
1.9
1.9
1.7
1.6
1.6
1.7
1.7
1.6
0.4
0.4
0.4
0.4
0.4
0.4
440.7,,
446.1-/
449.5
452.5
456.1
461.1
443.6
A/
449.0%
452.4
455 .2
458.9
464.1
293.7 ,
295.7-'
296.5
298.2
300.7
4.4
4.4
4 .6
4.5
4.4
4.5
2.2
2.3
2.3
2.8
2.8
1.8
1.8
1.6
1.6
1.9
1.6
1.6
1.6
1.7
0.4
0.5
0.4
0.4
0.4
0.4
463.7
468.4
472.4
477.2
479.8
485.7
466.5
471.1
475.4
480.1
482.6
488.6
304.1
309.7
313.0
316.3
317.5
320.6
296.6, ,
298.6—
299.3
300.9
303.5
305.5-,
304.8—
307.0
312 .4
316.0
319.3
320.3
323.4
0.4
0.3
0.4
0.4
0.4
0.4
491.4
496.6
505.0
507.4
516.1
517.5
494.4
499.5
507.8
510.1
518.6
519.8
325.7
328.5
333.8
335.9
341.9
343.7
328.7
331.5
336.6
338.5
344 .4
346.0
121.2
121.1
350.7
358.6 .
362
120.7
121.4
123.9
124.6
6.9
8.1
2.8
6.4
10.4
7.9
8.7
21.1
13.8
14.8
6.4
6.7
7.7
10.9
-2.2
6.5
9.7
-5.3
11,8
21.2
10.4
4.1
-6.2
-5.2
7.5
10.7
-4.2
6.4
9.5
-5.2
10.5
20.9
11.3
3.0
-6.1
-7.1
19.7
10.2
18.5
6.8
20.9
5.6
16.3
27.0
12.4
9.4
9.3
11.3
15.2
13.0
-1.0
7.0
24.7
6.8
10.2
9.1
12.1
13.0
10.8
4.6
4.5
4.4
4.4
4.2
3.9
4.0
4.1
4.0
2.2
2.2
2.0
2 .1
2.0
2.2
2.1
1.9
1.8
1.7
1.9
1.8
3.0
2.9
2.1
1.8
1.8
2.8
2.8
1.6
3.0
2.9
1.7
1.7
2.7
2.5
2.3
1.8
1.6
1.6
1.6
1.7
1.5
1.4
1.7
1.7
1.6
2.8
2.3
2.4
2.3
1.4
1.6
1.5
1.7
1.7
1.7
0.3
0.3
0.3
521.9
529.8 ,
535.32'
524.2
532.2
537.5%-
348.4
356.2
360.0%/
110.3
111.3
111.1
111.7
112.6
112.1
113.2
115.2
116.2
116.6
116.0
115.5
116.4
IV.3
118.4
119.9
Net Change
(Billions of dollars)
5/
-0.1
5/
•0.1
0.1
0.2
•0.3
5/
0.2
•0.1
•0.1
Jk
i;
0.1
-0.2
0.1
0.1
0.1
0.1
-0.1
0.2
-0.1
-0.2
-0.1
0:2
•0.3
0.1
0.1
0.1
0.1
0.3
-0.3
0.1
5/
-0.1
-0.1
0.2
-0.1
I
5/
-0.2
5/
•0.1
•0.1
0.1
0.1
•0.1
•0.1
0.1
0.2
&
•0.2
0.1
0.1
-0.1
-0.2
0.1
o.l
-0.1
-0.2
-0.1
&
-0.1
i
I
I
5/
•0.1
5/
0.1
5/
•0.1
0.1
-0.1
0.1
•0.1
%
0.1
5/
•0.1
0.1
i;
I
5/
-0.1
0.1
13.2
14.7
9.1
8.0
9.5
13.2
6.8
12.2
12.8
14.6
9.1
7.4
9.8
13.3
6.2
11.8
10.2
11,0
12.2
11.9
6.5
14.8
6.2
14.9
14.1
12.7
20.3
5.7
14.2
12.4
19.9
5.4
20.6
3.3
20.0
2.3
10.2
10.2
18.2
12.5
18.3
11.9
7.0
8.2
3.2
6.9
10.1
6.8
9.5
22.1
12.8
15.3
6.4
7.2
19.1
10.3
19.4
7.5
21.4
6.3
16.4
26.9
12.8
W*
6.9
24.4
5.7
p - Preliminary
Estimated
To bank holding companies affiliates subsidiaries or foreign branches.
To other than banks' 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. .
Includes $800 million system matches sale-purchase transactions outstanding on February 24
Beginning June 30, 1971, Farmers Home Administration insured notes totaling approximately $700 million are included in "other securities"
rather than in "real estate loans".
8/ Beginning June 1972, business loans were reduced by about $400 million as the result of loan reclassifications at one large bank.
9/ Includes $800 million system matched sale-purchase transactions outstanding on September 27.
I
TABLE 3 - Supplementary
LOANS SOLD OUTRIGHT BY COMMERCIAL BANKS AND BANK CREDIT ADJUSTED FOR SELECTED LOAN SALES
Commercial bank credit
(seasonally adjusted)
5
I
Loans sold outright by commercial banks
ndina in billions of dollars
N.S.A.)
Sold to
Sold to
Affil iates 1/
ndnbank public 2/
Business
Business
Business
Total
Loans
Total
Loans
Total
Loans
Pate
Total loans
and investments
Original
Aa lusted 3/
Total loans
Original
Adjusted 3/
Business loans 11/
Original
Adjusted 4/
1969
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.
28
30
30
27
24
29
26
31
2.0
2.8
3.7
4.2.
4.7
5.9
6.1
5.3
i-i §/
1.7 2/
2.4 •
2.7
3.0
3.9
4.1
3.2
1.5
2.1
2.8
3.3
3.8
4.8
4.8
3.9
1.3 &
1.9
2.2
2.5
3.3
3.4
2.6
0.5
0.7
0.9
0.9
0.9
1.1
1.3
1.4
0.3
0.4 &
0.5
0.5
0.5
0.6
0.7
0.6
399.8
400.6
399.5
398.9
398.6
399.5
402.3
402.1
401.3
402.7
402.3
402.2
402.4
404.3
407.1
406.0
271.0
271.9
271.6
272.1
273.6
275.6
277.8
279.4
272.5
274.0
274.4
275.4
277.4
280.3
282.6
283.3
102.3
102.4
102.7
103.4
104.2
104.6
105.1
105.7
103.1
103.7
104.6
105.6
106.7
107.9
108.5
108.3
1970
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.
28
25
25
29
27
30
29
26
30
28
25
31
7.7
8.3
8.5
9.0
9.8
9.8
10.0
9.6
6.8
6.0
5 .4
4.7
5.1
5.8
6.0
6 .4
7.1
7.2
6.9
6.6
4.2 .
3.7
3.2
2.5
6.0
6.6
6.8
7.2
8.1
8.1
8.2
8.0
5.2
4.4
3.8
3.0
4.4
5.0
5.3
5.6
6.4
6.5
6.3
6.0
3.7
3.2
2.7
2.1
1.7
1.7
1.7
1.8
1.7
1.7
1.8
1.6
1.6
1.6
1.6
1.7
0.7
0.8
0.7
0.8
0.7
0.7
0.6
0.6
0.5
0.5
0.5
0.4
400.3
400.4
403.9
405.9
407.7
408.4
414.3
419.5
424.3
426.2
429.3
435.9
406.3
407.0
410.7
413.1
415.8
416.5
422.5
427.5
278.5
278.3
279.6
279.3
279.1
279.5
283.2
285.7
288.4
289.1
290.0
292.0
284.5
284.8
286.5
286.5
287 .2
287.6
291.4
293.7
293.6
293.5
293.8
294.9
105.2
105.1
105.1
105.3
105.5
106.2
107.0
108.5
109.6
110.1
110.4
110.9
111.9
112.7
113.3
114.5
109.5
109.4
109.3
109.6
113.2
112.6
112.0
111.7
During
month
ending:
June 30
July 30
Aug. 27
Sept. 24
Oct. 29
Nov. 26
Dec. 31
Jan.
28
Mar.
Apr.
25
29
June
July
Aug.
30
28
25
Nov.
8/
429.5
430.6
433.1
438.9
Net Chiinge
(Billions c)f dollars
0.2
-0.8
0.6
0.7
0.3
0.3
0.9
0.2
-0.9
0.6
0.7
0.5
0.5
1.0
5/
-0.9
0.5
0.6
0.3
0.3
0.8
0.1
-0.8
2.4
0.6
0.2
0.5
0.8
5/
0.2
-0.4
-2.8
-0.8
-0.6
-0.7
1.9
0.7
0.2
0.4
0.7
0.1
-0.3
-0.3
- 2.4
-0.5
-0.5
-0.7
2.1
0.6
0.2
0.4
0.9
5/
0.1
-0.2
-2.8
-0.8
-0.6
-0.8
1.8
0.6
0.3
0.3
0.8
0.1
-0.2
-0.3
-2.3
-0.5
-0.5 -0.6
0.8
0.9
0.5
0.5
1.2
Partly estimated.
(Aninual rates jIn per cent)
0.2
0.2
5/
5/
0.2
0.2
0.1
0.1
0.1
5/
5/
0.1
0.1
-0.1
2.4
-3.3
-1.8
-0.9
2.7
8.4
-0.6
4.2
-1.2
-0.3
0.6
5.7
8.3
-3.2
4.0
-1.3
2.2
6.6
8.8
9.6
6.9
0.3
1/
5/
5/
5/
5/
0.1
-0.2
5/
5/
5/
0.1
0.1
' 0.1
-0.1
0.1
-0.1
5/
-0.1
5/
-0.1
5/\
5/
-0.1
-5.4
0.3
10.5
5.9
5.3
2.1
17.3
15.1
13.7
5.4
8.7
18.4
0.9
2.1
10.9
7.0
7.8
2.0
17.3
14.2
5.6
3.1
7.0
16.1
-3.9
-0.9
5.6
-1.3
-0.9
1.7.
15.9
10.6
11.3
2.9
3.7
.8.3
9/ Adjusted to maintain comparability with subsequent data.
c - Corrected.
6.6
1.8
4.4
8.7
12.5
9.9
3.0
5.1
1.3
7.2
2 .9
1.6
15.9
9.5
-0.4
-0.4
1.2
4.5
7.0
10.4
11.3
1.1
3.5
8.2
9.3
4.6
5.7
6.9
12
-5.7
-1.1
.
- -
I
1375
6.7
-2.2
.
2.2
2.3
' 8.0
9.0
16.8
11.1
-1.1
-1.1
3.3
14.4
5.5
3.3
5.4
10.8
8.6
6.4
12.7
-13.6
-6.4
-6 .4
-3.2
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
paper
acceptances
Total affiliates—
public—
1969
May
Dec.
28
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
0.8
4.3
1.0
0.8
0.4
0.6
0.6
0,2
0.1
0.3
7/
0.1
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
7/
7.6
2.3
0.7
0.7
0.7
0.7
0.1
2/
0.3
0.3
0.5
0.2
1971
June
July
Aug.
Sept.
Oct.
Nov.
Dec.
30
28
25
29
27
24
29
5.2
5.2
4.9
6.0
6.6
7.0
4.4
2.2
2.1
1.9
2.8
3.3
3.7
1.3
1.5
1.5
1.4
2.5
2.9
3.3
0.9
0.6
0.6
0.5
0.4
0.4
0.4
0.4
7/
7/
7/
1/
7/
7/
7/
7/
7/
1.7
1.8
1.8
1.9
2.0
2.0
2.0
1.3
1.3
1.3
1.3
1.3
1.3
1.2
1.1
1.1
1.1
1.1
1.1
1.1
1.0
0.2
0.2
0.2
0.2
0.2
0.2
0.2
0.3
0.3
0.3
0.3
0.3
0.3
0.3
0.2
0.2
0.2
0.2
0.2
0.2
0.2
26
23
29
26
31
28
26
30
27 p
5.0
4.7
5.1
4.8
4.6
4.6
4.7
4.7
5.3
1.8
1.4
1.8
1.6
1.7
1.7
1.6
1.5
2.2
1.4
1.1
1.5
1.4
1.5
1.4
1.3
1.3
2.0
0.3
0.3
0.3
0.3
0.3
0.2
0.2
0.2
0.2
7/
7/
7/
7/
7/
7/
7/
2.1
2.1
2.2
2.2
2.0
2.0
2.3
2.4
2.4
1.2
1.2
1.1
0.9
0.9
1.0
0.9
0.8
0.8
1.0
1.0
1.0
0.9
0.9
0.9
0.7
0.7
0.7
0.2
0.2
0.1
0.1
Z/
0.2
0.2
0.1
0.1
0.4
0.4
0.3
0.3
0.3
0.3
0.3
0.3
0.4
0.3
0.3
0.3
0.3
0.4
0.4
0.4
0.4
0.4
1972
Jan.
Feb.
Mar.
Apr.
May
June
July
/ Aug.,
Sept.
7/
7/
7/
7/
7/
7/
7/
1/
7/
7/
Agencies of foreign banks
2J 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.
(>/ Partly estimated.
7/ Less than $50 million.
TABLE 5
Loans at All Commercial Banks
Seasonally Adjusted
Business
Date
Real Estate
(In
1966—Dec.
1967—Dec.
1968—Dec.
1969—Dec.
31
31
31 .
31-'
78.6
86.2
95.9
105.7
1970—Dec. 31
109.6
1971—June 30(old)
(new)
July 28
Aug. 25
Sept. 29
Oct. 27
Nov. 24
Dec. 31
112.1
1972—Jan. 26
Feb. 23
Mar. 29
Apr. 26
May 31
June 30
July 26
Aug. 30
Sept.27 p
1/
2/
3/
4/
jj/
6J
b i l l i o n s
of
38.2
53.8
40.0
58.4
64. 9^.
44.8
70.3— (old)
48.1
69.8 (new)
72.3
49
&
Security
d o l l a r s )
7.9
9.2
10.2
9.1
10.3
Nonbank
financial
12.0
11.3
12.42/
13.1— (old)
13.6 (new)
14.3
Agriculture
8.7
9.5
10.0
10.6
11.4
51.1
9.5
15.9
12.0
51.5
8.8
16.0
12.1
9.5
10.3
10.4
10.3
15.9
15.2
15.6
15.8
15.3
12.2
116.0
115.5
76.7
77.6
78.6
79.5
80.5
81.4
116.4
117.3
118.4
119.9
82.6
83.9
85.2
86.5
89.3
55.1
55.7
56.2
56.6
57.4
58.2
13.3
13.3
16.5
17.0
17.4
16.7
17.1
12.9
12.9
13.0
13.1
13.2
13.3
90.6
58.9
13.3
113.2
115.2
116.2
116.6
121.2
(old)
(new)
Consumer
121-1 5/
88.0
52.1
52.8
53.3
54.0
54.6
120.7-/
121.4
123.9
124.6
92.1
93.2
60.0
60.8
11.0
11.6
12.0
12.3
11.8
S2f
XlVi,
18.4
19.5
18.9
12.3
12.4
12.6
12.8
13.4
13.5
13.5
p - Preliminary
r - Revised
Data are comparable with previous months. Individual loan items are gross throughout and the effect
of consolidation in June 1969 on any one loan item was nominal.
Real estate loans decreased by $500 million 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.
Consumer credit data adjusted in July to exclude about $500 million of consumer paper sold by
finance companies to the banking system but classified as loans to nonbank financial institutions
on bank records. Subsequent repayments completed in February 1972 are also included in loans to
nonbank financial institutions.
Beginning June 30, 1971, Farmers Home Administration insured notes totaling approximately $700
million are included in other securities; previously, they had been included in real estate loans,
Beginning June 1972, business loans were reduced by $400 million, nonbank financial increased by
$300 million, and "other" loans increased by $100 million as the result of loan reclassification
at one large bank.
Includes $800 million system matche^ sale-pur chas^transact ions ^tstanding on ^eptember 27. ^
Table 6
Changes in Loans and Investments at All Commercial Banks, Seasonally Adjusted
(In billions of dollars)
k,,
•
1972
1Q71
s-
Sept.p
+4.4
+7.9
+5.5^
+0.1
-0.9
-0.9
+0.6
+2.2
-0.5
+0.6
+1.1
+1.0
+2.1
+6.0
+1.8
+4.7
+7.8
+3.8-^
+1.1
+1.5
+1.3
-oaf
+0.7
+2.5
+0.7
+1.3
+1.3
+1.3
+1.5
+1.3
+1.3
+1.5
+1.1
+0.5
+0. 6
+0.5
+0.4*
+0.8
+0.8
+0.7
+1.1
+0.8
+0.7
+0.6
+0.4
+0.3
-0.5
+1.5
1/
+0.4
+1.5—/
+0.2
-0.5
+1.2
+0.5
+0.4
-0.7
+0.4
-0.2^
CM
Item
•
+1.1
-0.6
+0.1
+0.2
+0.2
+0.1
+0.1
+0.1
+0.1
+0.1
+0.1
+0.1
1/
+0.4
+ 1. 6
+0.3
+0.5
+0.6
-0.9
+1.6
+0.4
-0.2-/
+0.8
+1.1
+0.3
+4.9
+2.5
+3.9
+1.8
+1. 2
+4.5
+2.4
+5.0
+2.6
+4.5
+1.7
+4.8
+7.4
+2.3
+5.0
+3.2
+3.5
+1.6
+1.7
....
+3.3
+1.9
+4.6
+3.3
+4.1
+1.9
+6.3
; +3.6
i
...
+2.9
May
June
July
+2.4
+8.7
+1.4
+0.3
+0.5
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
March
April
Loans and Investments 2/
+4.7
+4.0
+4.8
+2.6
+5.9
+5.7
+5.2
+8.4
U. S. Gov't, securities
-0.7
-1.0
-0.8
-0.3
+1.9
-1.0
+1.3
+1.3
Other securities
-0.2
+1.7
+1.6
+1.1
+2.3
+1.5
+1.1
+1.8
Loans 2/
+5.6
+3.3
+4.0
+1.7
+1.9
+5.1
+2.8
+5.3
Business
+2.0
+1.0
+0.4
-0.6
-0.5
+0.9
+0.9
Real estate
+0.9
+1.0
+0.9
+1.0
+0.9
+1.2
Consumer
+0. 6
+0. 7
+0.5
+0. 7
+0. 6
Security
+0.7
+0.8
+0.1
-0.1
Nonbank financial
-0.1
-0.7
+0.4
Agriculture
+0.1
+0,1
All other
+1.4
Total loans excluding
security 3/
Total loans excluding
security and nonbankfinancial 3/
1/
1/
1/
1/
i
Aug.
,
Au
1/
Less than $50 million.
3/
~~
4/
Beg inn in g' June° 1972/business^loIns%erl°reduced by $400 million, nonbank financial increased by $300 million, and "other" loans increased by
^ 0 0 million as the result of loan reclassifications at one large bank. Changes have been adjusted to take account of this reclassification.
Includes $800 million system matched sale-purchase transactions outstanding on September 27.
Table 6A
Changes in Loans and Investments at All Commercial Banks, Seasonally Adjusted
Adjusted for Loans Sold to Affiliates
(In billions of dollars)
1972
1971
Item
May
June
July
Aug.
Sept.P
+8.3
+2.3
+8.5
+1.2
+4.4
+8.0
45.34/
+1.3
+1.3
+0.3
+0.5
+0.1
-0.9
-0.9
+0.6
+1.5
+1.1
+1.8
V
+2.2
-0.5
+0.6
+1.1
+1.0
+1 • 8
+5.3
+2.8
+5.1
+1.9
*+5.9
+1.6
+4.7
+7.9
+3.7-/
-0.7
+1.0
+0.9
+1.2
+1.3
+1.1
+1.6
+0.7
+2.5
+0.6
Feb.
March
+6.0
+5.8
+5.1
-0.3
+1.9
-1.0
+1.6
+1.1
+2.3
+3.6
+3.9
+1.6
+1.1
+0.3
-0. 6
Sept.
Oct.
Nov.
Loans and Investments 2/
4-4,6
+4.3
+4.7
+2.5
U. S. Gov't, securities
-0.7
-1.0
-0.8
Other securities
-0.2
+1.7
Loans 2/
+5.4
+2.0
Business
April
Jan.
Aug.
Dec.
Real estate
Consumer
Security
*
Nonbank financial
Agriculture
All other
NOT A1/AILABLE
Total loans excluding
security 3/
Total loans excluding
security and nonbank financial 3/
1/
2/
3/
4/
i
Less than $50 million,
Adjusted to exclude domestic interbank loans.
Beginning June 1972, business loans were reduced by $400 million, nonbank financial increased by $300 million, and "other" loans increased by
$100 million as the result of loan reclassifications at one large bank. Changes have been adjusted to take ac&ount of this reclassification.
Includes $800 million system matched sale-purchase transactions outstanding on September 27.
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
laeh UeHnecHai.y... of S e Ptember
Last Wednesday of Aiieus *6/
1966
1972—
1970
1969
1968
1967
1971
All commercial banks 21
Total loans
U . S . Gov't, securities
Other securities
Total
4-6 .0
4-1.0
+1.1
+8.0
4-4 .3
i/
+1.8
4-6 .2
+2.0
+0.7
+2.4
+5.1
+3.1
-1.1
+0.3
+2.3
44.1
+1.0
+1.6
4-6.7
+3.1
+1.0
+0.5
+4.6
+1.2
-0.1
1 +0.4
+1.4
All Large Banks 2 / 3 /
Total loans
U. S. Gov't, securities
Other securities
Total
+4.5
+0.7
+0.3
+5.5
+2.5
+0.1
+1.1
+3.7
+1.1
+0.2
+1.5
+2.8
+3.1
-1.2
1/
+1.9
+2.7
+0.8
+1.1
+4.7
+2.5
+0.1
+0.3
+2.9
;
i
Other banks 2/ 3/
Total loans
U. S. Gov't, securities
Other securities
Total
+1.5
+0.3
+0.8
+2.6
+1.8
-0.1
+0.7
+2.4
+1.0
+0.5
+0.9
+2 .3
1/
+0.1
+0.3
+0.4
+1.4
+0.2
+0.5
+2.0
+0.6
+0.9
+0.3
+1.7
.
+0.8
-0.3
+o. i
+0.5
+0.4
+0.2
+0.3
+0.9
End of December to last Wednesda v of September
Item
1972-/
1971
1970
1969
1968
1967
1066
All commercial banks 2/
Total loans
U. S. Gov't, securities
Other securities
Total
+31.8
-4.6
+9 .0
+36.1
+15.1
+4.9
+1.0
+8.2
+14.1
+13.5
-11.4
-0.2
+2.0
+14.0
+7.4
+3.9
+9.5
+20.9
•HI. 4 '
1/
+6.1
+20.1
All Large Banks 2/ 3/
Total loans
U. S. Gov't, securities
Other securities
Total
+15.4
-3.3
+2.2
+14.3
« . 5y
+0.9
+0.9
+4.3
+6.1
+6.1
-7.2
-2.6
-3.7
+6.7
-0.2
+3.8
+10.3
+2.1
+1 • 8
46.3
+10.3
Other banks
Total loans
U. S. Gov't, securities
Other securities
Total
+16.4
-1.4
4-6.8
+21.8
+10.7-/
+3.9
+0.2
+3.9
+8.0
+7.4
-4.2
+2.4
+5.6
+7.3
+0.2
+2.3
+9.8
+25 .2
46.3
+18.9
+5.3
+2.1
+3.2
+10.6
4 1 '
+5.61/
•iti'
+5.5-/
H
'
NOTE:
1/
2/
3/
4/
5/
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.
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,
197-1, and 1972 .
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.
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.
6/ Changes based on data revised in accordance with June 30, 1972 call report benchmarks.
TABLE 8
Changes in Commercial and Industrial Loans at Large Commercial Banks
(In millions of dollars)
Late December to late! September 2/
Late August to late September 1/
Business of borrower
Food processors ;
Commodity dealers
Trade concerns
Retail trade
Wholesale trades
Metals
Primary metals
Machinery
Transportation equipment
Other fabricated metals
Textiles, apparel, etc.
Petroleum
Chemicals
Other durable manufacturing
Other nondurable manufacturing
Mining
Public Utilities, total
Transportation 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/
3/
1972p
+
+
+
+
+
+
+
79
72
321
115
206
26
12
100
+
36
78
+
65
+
23
+
62
68
+
92
+
15
19
+
97
+ 128
12
+ 199
+ 192
29
+
+ 147
16
+
35
+
+1 ,114
+ 358
+1 ,472
1971
+
+
+
+
+
+
+
232
68
215
168
47
188
76
3
+ 142
27
108
73
+
17
20
+
69
+
73
+
+ 261
+
45
53
+
+ 163
56
+
+ 151
2
+
21
+
+ 128
84
+1 ,197
82
+
+1 ,279
1970
+
+
+
+
+
+
+
60
105
64
29
35
325
135
6
+ 195
1
+
13
+
+ 133
+ 100
40
+ 137
70
+
13
48
+
22
39
39
+ 156
27
+
+ 107
+
22
+
87
+1 ,158
+ 417
+1 ,575
1968
1969
+
+
+
+
+
+
+
+
+
+
+
172
9
109
79
30
598
62
373
147
16
21
4
11
+
+
94
+
95
+ 173
+ 267
75
+
+ 109
83
+
+
11
63
10
+
84
+
11
74
+1,419
20
+
+1 ,439
+
274
31
16
73
+
89
326
+
69
+
125
+
+ 100
32
+
3
34
+
+ 114
+
14
45
+
24
+ 173
15
51
+
+ 137
21
+
+ 223
47
54
+
+ 216
22
+1, 128
+ 149
+1> 277
-
1972p
81
346
+ 878
+ 151
+ 727
612
24
280
389
81
+
+ 755
237
384
+ 426
64
143
+ 410
300
383
+
+ 327
+ 769
441
-1 ,047
+ 711
105
+ 300
+1 ,230
+1 ,550
+ 2 ,780
-
1971
1970
410
157
+ 910
+ 352
+ 558
582
6
+
468
152
32
+
+ 236
331
93
+ 251
53
211
+ 138
296
+ 232
+ 202
+ 281
+ 607
128
+ 143
+ 592
+ 566
+1 ,152
+ 695
+1 ,847
393
698
502
186 + 172 + 165
15
66 +
+
106
150
+
+
+ 868 +1 ,686
+ 230 + 118
98 + 988
+
+ 366 + 312
+ 174 + 268
+ 503 + 621
87 + 222
43 + 162
+ 288 + 322
+ 128 + 278
653 + 141
-1 ,103 + 665
+ 151 + 310
277 4- 113
977 + 242
+ 117 + 368
+ 149 +1 ,153
314
38 .+
78 + 636
+
33 + 831
+
332
27 572 +4 ,556
+ 148 f 370
424 +4 ,926
-
1968
1969
-
351
581
98
+
56
+ 154
+1 ,267
+ 739
+ 308
1
+ 221
+ 655
17
+
62
+ 254
+ 124
+ 411
+ 634
-
+
501
11
144
+
+ 328
+ 731
445
+ 548
+ 628
204
+3 ,321
+ 286
+3 ,607
-
Four most comparable weeks used throughout *
Changes are compiled from December 29, 1971: December 30, 1970; December 31, 1969; December 25, 1968; December 27,1967
and December 28, 1966. These data cannot be linked with all commercial bank data which are always for December 31.
Prior to 1967, transportation, communication, services, and foreign loans were not reported separately.
http://fraser.stlouisfed.org/
• Reserve Bank of•St. Louis
Federal
•
#
e
#
e
#
•
t
#
TABLE
9
Gross Loans and Investments at All Commercial Banks
(In billions cf dollars)
Loans and
Investments
1964--Dec.
1965--Bec.
1966--Dec.
^67—Dec .
1^38--Dec.
1969.-Dec.
1970--Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.
31
31
31
30
31
31
3/
28
25
25
29
30
29
26
30
28
25
31
1971—Jan.
Feb.
Mar.
Apr.
May
June
27
24
31
28
26
30 (old)
(new)
July 28
Aug. 25
Sept.29
Oct. 27
Nov. 24
Dec. 31
•
^
1 9 7 2 — Jan.
Feb.
Mar.
Apr.
May
June
26
23
29
26
31
30
279.2
307 .6
324.0 1/
360.8
400.4
412.1
63.0
59.5
56.2
62.5
64.5
54.7
177 .4
38.8
203.2
44.9
48.8 2/ 219.0 1/ 2/
236.8
61.5
264.4
71.5
286.1
71.3
399.1
397.2
400.5
404.8
405.3
411.7
414.1
416.8
424.7
425.6
429.3
446.8
53.0
51.4
51.5
52 .3
52.6
51.6
53.5
55.1
55.8
57.2
58.3
61.7
70.6
70.8
72.7
74.3
74.3
75.6
75.7
77.1
79.5
81.0
82.5
86.1
275.6
275.0
276.3
278.2
278.4
284.5
284.9
284.7
289.5
287.5
288.4
299.0
439.5
442 .4 6/
447.7
450.9
453.6
464.8
61.5
61.4
61.6
87.1
88.9
91.5
94.2
94.9
463.0
466.1
472.0
476.5
479.9
497.9
59.3
58.7
58.7
290.9
292 .1
294.6
296.7
300.0
307.8
307.1
305.6
309.3
313.4
315.1
317.3
328.3
490.1
492 .4
501.5
506.6
513.7
521.6
(old)
(new)
522.0
526.5
534.62/
July 26
Aug. 30
Sept. 27 p
NOTE
U.S. Gov't
60.0
58.8
60.3
Real
Estate
Other
Securities [[Total Loans
#:!?/
98.2
98.1
99.9
101.5
60.0
61.0
101.6
64.9
104.7
104.8
71.4
80.6
88.4
98.4
108.4
104.1
104.0
104 .9
105.5
105.2
108.4
107.3
107.1
109.4
108.4
108.8
112.5
6/
62.7
61.9
62.5
61.9
61.2
60.3
108.5
109.7
110.9
111.5
322.7
324.3
330.5
335.1
341.6
349.8
59.6
59.3
60.3
111 .5
112.6
113.7
350.9
354.5
£/
360.6k'
106.2
60.2
43.7
49.3
54.0
58.5
65.1
70.0 4/
70.1
70.1
70.1
70.2
70.3
70.6
70.8
71.1
71.6
71.9
72 .2
72.5
Security
8.4
8.5
9.0
10.5
11.8
10.7
8.2
8.3
8.8
8.8
8.6
7.9
8.4
8.9
9.3
9.4
9.1
12,1
109.1
110.3
111.2
111.6
112 .4
114.4
72.7
73.0
73.6
74.3
75.2
10.1
9.9
113.4
114.2
115.9
115,6
115.6
118.5
76.8
77.8
79.0
8.6
115.2
116.1
118.4
120.1
120.8
123.6
123.2
122.3
122.2
124.2
10.0
9.1
8.5
9.7
9.3
80.9
10.0
10.1
10.1
81.6
12.9
82.5
83.5
84.7
87.6
89.2
11.4
11.3
12.0
11.9
13.2
13.6
90.7
92.3
93.7
13.3
13.5
9/
14.7
80.0
86.1
Nonbank
Financial
Institutions
Farm
All
Other
44.9
48.2
10.9
13.3
13.3
12.5
13.7
15.1
15.7
16.8
15.3
17.5
20.7
23.3
12 .7
12.4
12.2
12 .7
12.3
14.4
14.9
14.4
15.1
14.3
14.3
15.9
22.1
21.9
21.9.
10.8
11.1
11.2
11.3
11.4
11.4
11.3
11.2
11.2
48.0
47.8
47.8
48.1
48.4
49.0
5/
49.3
49.6
49.8
49.8
49.5
49.9
11.0
11.2
11.5
11.7
12 .0
12,2
49.6
49.5
49.7
50.3
50.8
51.4
14.5
14.3
15.2
23.9
23.9
23.4
24.5
25 .7
26.7
12.4
12.5
12.5
12.4
12.4
12.5
51.9
52.6
53.2
53.6
54.1
54.8
15.9
15.5
15.5
12.6
54 ,7
55.0
55 .5
56.3
7.5
8.2
8.6 2/
9.3
9.7
10.3
10.4
10.5
10.6
12 .7
12.8
13.1
13.4
13.6
13.7
13.8
13.7
31.0
35.7
38.3
40.0
57.3
58.6
59.4
60.5
61.3
15.2
15.4
17.0
22.0
22.5
23.1
22.9
22.2
22.9
22.4
23.3
25.0
26.6
27.4
27.3
15 A
28.1
28.8
16.9
31.0
16.0
16.2
16.8
16.9
16.9
30.2
29.5
30.3
18.3
18.8
19.3
33.2
33.5
33.7
!!:!«'
30.7
22.4
r - Revised.
Data exclude domestic interbank loans. Consumer and "other loans" were partly estimated for all dates. Other data are partly estimated on all but June
Beginning 0 June 9, 1966, $1.1 billion of balances accumulated for the payment of personal loans were deducted from time deposits and "all Other"
W
1/
3/
Beginning June 30, 1966, about $1 billion of participation certificates previously included in agricultural and "all Other" loans were reclassified
Data°revised C bIginning June, 1969, to include all bank premises subsidiaries and other significant
majority-owned domestic subsidiaries; earlier
data are for commercial banks only.
4/
Real estate loans decreased by $500 million on December 31, 1969, and loans to nonbank financial institutions increased by $500 million due to
5/
financial institutions.
»
6/
1/
1/
9/
B e g i n n i n g ^ J u n e ^ O ^ l ^ y l ^ F a r m e r ^ H o m e 8 A d m i n i s t r a t i o ^ i n s u r e ^ n o t e s 6 t o t a l i n g "pproximatlly $700 million are included in other securities;
Beginning^June 7 1972 t u s i n e ^ t o L ^ w e r ^ r e d u c ^ d b y l ^ O O million, nonbank financial increased by $300 million, and "other" loans increased
s e ^ , ^ 27.
Individual loan category data are available for publication only on a June and December Call data basis
TABLE 10
Ratios to Total Deposits V
L O A N S
D A T E
All
commercial
banks
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.
1969- -Dec .
1970- -Dec. 31*
M e m b e r B a n k s
Reserve City Banks
New York (City of
Country
City
(Chicago (Dther i
'rotal
1/
2/
3/
All Commercial
Banks
7.4
8.7
55.6
54.0
56.5
55.1
55.7
54.5
57.7
56.5
59.9
58.6
61.9
60.5
65.4
63.7
67.9
65.8
65.8
63.8
64.7 (63.7) 66.8
72.0 (69.8) 75.7
67.3 (66.2) 69.9
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)
58.2
60.8
58.0
61.4
62 .1
64.4
70.2
77.0
70.8
75.1
89.5
80.6
58.2
59.0
57.7
60.1
63.3
65.0
68.7
70.2
68.1
69.1
79.5
73.3
48.2
50.3
50.2
51.7
53.8
56.0
57.9
59.2
58.2
58.2
62.8
60.2
69.5
69.6
68.2
68.5
68.8
68.4
68.8
68.9
69.5
69.1
69.3
70.0
68.0
86.6(79.9)
88.0(82.3)
84.8(81.9)
84.7(82 .5)
85.0(83.4)
84.0(82.3)
84.6(82.9)
85.4(84.3)
87.8(85.0)
87.1(83.5)
86.7(83.6)
89.0(85.8)
84.1 (83.2 )
80.9
81.3
81.4
76.9
77.5
78.7
79.3
80.5
79.4
80.1
80.7
82.9
78.1
72.5
72.3
70.5
71.5
71.8
71.4
72.2
72.2
72 .4
72.2
72.7
73.5
71.6
60.6
60.6
59.8
60.2
60.4
59.9
60.3
60.1
60.5
60.2
60.4
60.4
59.2
5.5
4.9
4.7
4.3
4.1
3.9
3.8
3.4
3.6
3.5
3.1
3.1
3.9
68.7
68.8
69.0
69.2
69.5
70.5
70.5
71.0
71.2
85.6(84.0)
85.5(84.4)
85.1(83.4)
84.1(82.7)
84.7(83.2)
84.9(83.6)
84.7(83.2)
85.6(84.3)
84.3(82.2)
79.9
81.7
82 .5
81.9
83.7
. 84.7
85.6
85.5
83.6
71.9
72.3
72.8
73.4
73.2
75.0
75.0
75.8
76.8
60.0
60.3
60.3
60.2
60.5
61.0
61.1
61.3
61.4
3.6
3.9
4.0
3.6
3.7
67.2 (66 .2)
1 9 7 1 — J a n . 27*
67.3 (66.4)
Feb. 24*
66.1 (65.6)
Mar. 31*
66.4 (66.1)
Apr. 28*
66.7 (66.5)
May 26*
66.1 (65.9)
June 30*
66.8 (66.5)
July 28*
66.8 (66.6)
Aug. 25*
67.2 (66.8)
Sept.29*
66.8 (66.4)
Oct. 27*
67.1 (66.6 )
Nov. 24*
3/
67.6 (67.1)
(new) Nov. 24*
Dec. 31*
65 .7 (65.6)
1972--Jan. 26*
Feb. 23*
Mar. 29*
Apr. 26*
May 31*
June 30 *
July 26*
Aug. 30*
Sept.27* p
U.S. Government
securities maturing
within one year
66.5
66.5
66.7
>7.0
57.3
38.1
68.4
68,7
68.8
(66.3)
(66.3)
(66.4)
(66 «8)
(67.1)
(67.9)
(68.2)
(68.6)
(68.5)
11.2
9.5
7.5
8.0
7.3
6.1
6.4
6.1
5.0
5.7
B
3.4
n.a.
Ratios in parentnesis aie uuuoc
'-"a
-—r
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).
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.
Loan data revised to exclude only loans to domestic commercial banks. Previous
data had also excluded loans to foreign commercial banks.
Note: Data revised beginning April 1972 to reflect adjustments to June 30, 1972
Call Report.
TABLE %
*
Money Stock Measures and Deposit Turnover
(Seasonally adjusted; dollar amounts in billions)
m
3
M^ plus
Mg plUS
i
Currency
time dep.
deposits
Components of money stock measures and related items
plus
at comm.
at nonTime and
RonU.S. Gov't.
demand . other than, bank
a n K cthrift
nrltt
otvi *2/ ?
3/
Demand
savings deposits bank thrift
deposits
deposits— t
larfie CP s
institutions- Currency Deposits CD's Other Total institutions (all member)
M
1968--December
1969--December
1970--December
197.4
203.7
214.8
378.0
386.8
418.2
572.6
588.3
634.0
43.4
46.0
49.0
154.0
23.6
157.7
11.0
165 . 8 25.5
1971--July
August
September
October
November
December
227.4
228.0
227.6
227.7
227.7
228.2
453.4
454 . 5
455,6
458.3
460.8
464.7
693.8
697.6
701.2
706.5
711.6
718.1
51.6
51.7
51.9
52.2
52.2
52.5
1972--January
February
March
April
May
June
228.8
231.2
233.5
235.0
235.5
236.6
469.9
475.5
480.1
483.0
486.1
490.4
727.3
737 .4
745.9
752 .7
758.8
766.1
239.4
240.5
241.7
495.0
498.3
501.8
r 774.7
781.6
788.2
July
August
September p
Week ending:
1972—September 2
13
20
27 p
242 .6
241.5
241.6
241.2
502.2
501.2
501.6
501.5
n.a.
n .a.
n.a.
n.a.
Turnover
outside
N.Y. City
{per cent)
180.6
183.2
203.4
204.2
194.1
228.9
194.6
201.5
215.8
4.2
4.9
6.5
45.3
50.0
52.9
175.8
176.3
175.7
175.5
175.5
175.7
30.4 225.9
30.8 226.5
31.6 228.0
32.7 230.6
32.2 233.1
33.4 236 .4
256.4
257.3
259.6
263.3
265.3
269.9
240.2
243.1
245.6
248.3
250.8
253.4
5.1
5.8
6.6
4.7
5.4
6.2
55.0
55.9
55.6
54.3
58.1
57.3
52.8
53.2
53.7
54.0
54.4
54.7
176.0
178.0
179.9
180.9
181.1
181.9
33.2
33.8
33 .4
34.7
36.3
37.1
241.2 274.4
244.3 278.1
246.5 279.9
248.1 282.8
250.7 287 .0
253.8 290.9
257.4
261.8
265.8
269.7
272.6
275.7
6.3
3.7
7.4
7.4
5.3
56.3
56.2
57.2
58.9
58.7
58.6
54.9
55 .0
55.5
184.5
185.5
186.2
38.1
39.3
40.3
255.6
257.7
260.2
279.7
283.3
286.3
5.3
4.6
5.3
57.1
n.a.
n.a.
55.3
55.4
55.5
55.6
187.3
186.0
186.1
185.6
39.7 259.6
40.4 259.7
40.3 259.9
40.8 260.3
293.7
297.1
300.5
299.4
300.1
300.3
301.1
n.a.
n .a.
n.a.
n .a.
6.1
4.4
4.9
5.9
4.7
n .a.
n .a.
n .a.
n.a.
1/ Includes (1) demand deposits at all commercial banks other than those due to domestic commercial banks and the U.S. Government,
less cash items in the process of collection and F.R. float; (2) foreign demand balances at F.R. Banks; and (3) currency outside the
Treasury, F.R. Banks .and vaults of all commercial banks.
2/ Includes in addition to currency and demand deposits, savings deposits, time deposits open account, and time certificates of
.deposits other than negotiable time certificates of deposit issued in denomination of $100,000 or more by large weekly reporting cotnmercial banks.
3/ Includes M^, plus the average of the beginning and end of month deposits of mutual savings banks and savings and loan shares.
TABLE 12
3
Time and Savings Deposits
State Political :
Large
ConsumerNegotiable Foreign Of fici#l(|
type
Savings
etc.
4 :
CD's 1/
time
Total
Consumertype t ime
& savings
1966-•Dec . 28 (old)
Dec. 28 (new)
1967- -Dec. 27 (old)
Dec. 27 (new)
1968- -Dec. 31 (old)
Dec. 31 (new)
1969- -Dec. 31 (old)
Dec. 31 (new)
89,495
89,639
102,809
102,991
111,900
112,103
96,589
96,787
65,733
65,864
73,686
73,858
79,443
79.637
77,616
77,812
47,099
47,213
48,647
48,781
49,016
49.161
46,486
46,632
18,634
18,651
25,039
25,077
30,427
30,476
31,130
31,180
15,659
15,642
20,330
20,330
22,821
22,820
10,919
10,919
8,103
8,133
8,793
8,803
9,636
9,646
8,054
8,056
1970- -June
July
Aug.
Sept.
Oct.
Nov.
Dec.
Dec ,
24
29
26
30
28
25
30 (old)
30 (new)
99,676
106,494
109,725
113,640
114,803
116,447
119,442
120,206
77,348
78,435
79,070
80,722
81,150
81,554
82,776
83,473
46,174
46,345
46,330
46,808
47,016
47,332
48,032
48,479
31,174
32,090
32,740
33,914
34,134
34,222
34,744
34,994
12,976
17,900
20,174
22,242
23,545
25,201
26,074
26,125
9,352
10,159
10,481
10,676
10,108
9,692
10,592
10,608
1971--Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.
Dec.
27
24
31
28
26
30
28
25
29
27
24
29 (old)
29 (new)
123,102
125,842
129,175
129,339
131,114
131,890
132,953
133,828
136,159
137,159
137,980
140,933
141,259
85,168
87,319
90,809
90,745
91,671
92,657
91,918
91,848
92,410
92,770
93,374
94,516
94,810
49,142
50,453
52,974
53,047
53,430
53,651
53,145
52,989
53,314
53,601
54,014
54,543
54,738
36,026
36,866
37,835
37,698
38,241
39,006
38,773
38,859
39,096
39,169
39,360
39,973
40,072
27,488
27,523
27,219
28.071
28,526
30,303
31,600
33,036
33,676
34.072
33,951
33,951
11,035
10,843
11,375
11,372
10,707
10,732
10,380
10,713
10,713
10,534
12,466
12,497
142,835
144,123
144,863
146,743
149,089
149,657
151,357
155,510
96,365
97,617
99,402
98,741
99,764
100,626
100,907
101,618
55,723
56,425
57,616
57,279
57,622
57,842
57,938
57,823
40,642
41,192
41,786
41,462
42,142
42,784
42,969
33,852
34,011
33,457
34,234
35,580
35.903
37,705
12,618
12,495
12,004
13,699
13,745
13.128
12,745
43,795
41,213
12,679
155,356
155,720
155,192
156,287
101,929
101,999
102,056
102,606
57,899
57,872
57,895
58,070
44,030
44,127
44,161
44,536
40,928
41,168
40,530
41,219
12,499
12,553
12,606
12,462
Period
1972 --Jan. 26
Feb. 23
Mar. 29
Apr. 26
Ma.y_ 31
June 28
July 26
Aug. 30
Week Ending:
1972 -Sept. 6
13
20
27
1/
Negotiable certificates of deposit issued in denominations of $100,000 or more
TABLE 13
Member Bank Reserves
(Based on averages of daily figures; in millions of dollars)
Excess
Reserves
Free reserves
(excess reserves minus borrowings)
D A T E
All
member
Reserve City Banks
City of
New York
Chicago
City
Monthly Averages:
1959- -December
1960- -December
1961- December
1962- -December
1963- -December
1964- December
1965- -December
1966 December
1967- -December
1968- December
1969- -December
1970 -December
1971- -Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec .
1972- -Jan.
Feb.
Mar .
Apr.
May
June
July
Aug. r
Sept. p
-424
669
419
268
209
168
-2
-165
107
-310
-829
-49
-109
10
-50
-62
19
-14
-70
-95
-22
-130
-203
9
-120
19
15
-90
-8
-21
-91
-127
-18
-322
-658
-606
-295
-153
144
58
153
91
134
27
-15
110
-55
-183
-369
-67
-127
-110
-111
-29
-56
-71
-10
-104
-4
-22
-11
21
-31
-8
-50
-5
-70
-9
3
-6
19
-25
3
2
-39
-29
-10
2
-14
-7
8
-5
-14
-50
-36
28
17
-9
-5
-13
-110
-1
-113
ar(^included begir^.ng October 1,^1970.
1
-3
-1
2
-15
^
Borrowings
All
member
All
member
All
member
Country
Other
Total reserves
held seasonally
adjusted
237
583
471
394
334
315
238
140
187
70
-144
161
482
756
568
572
536
411
452
392
345
455
257
272
906
87
149
304
327
243
454
557
238
765
1,086
321
18,513
18,842
19,640
19,555
2 0,156
21,149
22,245
23,348
24,771
27,249
27,977
29,132
178
172
150
164
92
17
-92
-58
24
45
53
132
279
201
199
140
312
131
162
198
206
207
263
165
370
328
319
148
330
453
820
804
501
360
406
107
29,390
29,600
29,779
29,991
30,327
30,527
30,639
30,743
31,073
30,882
30,970
31,246
-55
-33
-105
141
9
144
82
79
116
31
-62
-10
-189
-52
173
124
233
136
104
204
147
255
146
20
33
99
109
119
94
202
438
515
31,772
31,616
32,032
32,643
32,830
33,059
33,138
33,382
33,357
-449
80
20
-52
-122
-103
-161
-159
-55
-180
-473
-222
-282
-333
-155
-154
-45
-173
-449
-437
-280
-144
-112
-57
13
130
17
-6
^
^
®
®
A
TABLE 14-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
Total
Currency
Demand
deposits
Time Deposits
Commercial
banks
Thrift
institutions
Total
7
Other liquid assets
U.S. shortterm
marketable
Negotiable Commercial
Treasury
paper
CD's
securities
10
9
8
Savings
bonds
11
1965--Dec.
1966--Dec.
1967--Dec.
1968--Dec.
1969--Dec.
1970--Dec.
1971--Dec.
557 .7
588.2
637.5
694.6
719.7
770.6
850.5
447.4
469.6
516.0
559.6
576.2
623.6
709.8
36.3
38.3
40.4
43.4
46.0
49.0
52.5
115.5
117.3
12 5.2
135.2
138.1
144.7
153.4
125.2
136.8
156.2
174.2
177.0
198.8
232.2
170.4
177.3
194.2
206.8
215.2
231.1
271.7
110.3
118.6
121.5
135.0
143.5
147.1
140.7
15.5
15.0
19.5
22.7
9.1
23.2
30.2
7.1
10.2
11.5
14.2
20.8
19.5
17.7
38.2
43.3
39.5
46.8
62.5
53.0
39.2
49.5
50.1
51.0
51.4
51.1
51.3
53.7
1971—March
June
Sept.
Dec .
792.8
816.8
831.6
850.5
653.6
678.6
692.6
709.8
50.0
51.1
51.9
52.5
147.8
152.8
153.5
153.4
213.0
220.7
224.0
232.2
242.9
254.1
263.1
271.7
139.2
138.2
138.9
140.7
26.2
26.7
28.1
30.2
17.2
16.4
16.1
17.7
43.9
42.7
41.7
39.2
51.8
52.5
53.1
53.7
1972--March
June
Sept.
876.6
903.0
931.3
738.3
758.0 =
780.3
53.7
54.7
55.5
157.4
158.5
162.5
242.3
249.2
255 .4
284.9
295.6
306.9
138.4
145.0
151.1
30.2
34.0
37.2
17.7
18.1
19.5
36.0
37.6
38.2
, 54.5
55.4
56 .1
1971—July
Aug.
Sept.
Oct.
Nov.
Dec .
823.3
827.6
831.6
838.3
842 .8
850.2
684.8
688.7
692 .6
698.1
703.0
709.8
51.6
51.7
51.9
52.2
52.2
52.5
153.9
154.1
153 .5
153.3
153 .0
153.4
221.7
222 .4
224.0
226,5
228,9
232 .2
153.8
155.6
157.4
158.4
158.2
158.5
237.2
240.2
242.3
243.7
246.2,
249.2
289.1
292.2
295.6
160.8
161.8
162 .5
251.0
253.0
255.4
299.8
3U3.6
306.9
1972--Jan.
Feb.
Mar .
Apr .
May
June
July r
Aug. r
Sept. p
858.2
867.8
876.6
886.0
894 .2
904.0
719.7
729.6
738.3
745.2
751.0
758.0
913.9
922.3
931.3
766 .6
773.5
780.3
52 .8
53.2
53.7
54.0
54.4
54.7
54.9
55.0
... 55.5
Digitized* for- FRASER
For description of items, and computation of ratios see Table 14-C.
257.5
260.5
263 .1
266 .1
268 .9
271.7
275.8
280.5
284.9
138.6
138.9
138.9
140.2
139.8
140.7
27.3
27.5
28.1
29,2
28.9
30.2
15.8
15.6
16.1
16.7
16.8
17.7
42 .7
43.0
41 .7
41.0
40.6
39.2
52.7
52.9
53.1
53.3
53.5
53.7
138.6
138.3
138.4
140.8
143.2
146.0
147 .3
148.8
151.1
29.9
30.5
30.2
. 31.6
33.2
34.0 '
- 35.0
36,3
37.2
18.1
17.7
17.7
17.9
17.9
18.1
18.5
18.7
19.5
36.6
35.9
36.0
53.9
54.2
54.5
54.8
55.1
55.3
36.5
37.1
38.5
38.2
37.9
38.2
55.6
55.9
56.1
TABLE 14-B
Period
Currency
and demand
deposits to
liquid assets
12
Bank
liability
to liquid
assets
13
Ratios
Time deposits
at thrift
institutions to
liquid assets
14
Liquid
assets
to GNP
15
Currency
and demand
deposits
to GNP
16
1965--Dec.
1966--Dec.
1967--Dec.
1968--Dec.
1969--Dec.
1970--Dec .
1971--Dec.
27.2
26.4
26.0
25.7
25.6
25.1
24 .2
45.9
45.7
47 .2
47.8
45.0
47.6
48.9
30.6
30.1
30.5
29.8
29.9
30.0
31.9
78.3
76.8
77.2
77.1
76.5
76.5
77 .9
21.6
20.7
20.3
19.9
19.7
19.5
19 .3
1971--March
June
Sept.
Dec .
1972—March
June
24.9
25.0
24.7
24.2
24.1
23.6
48.8
49.0
48.8
48.9
49.0
48.9
30.6
31.1
31.6
31.9
32.5
32.7
76.8
77.7
78.6
78.6
78.2
78.6
19.2
19.4
19.5
19.2
18.8
18.7
1971--April
May
June
24.9
25.0
25.0
48.8
48.9
49.0
30.9
31.0
31.1
n .a .
n .a .
n .a .
n .a .
n.a .
n .a .
July
Aug.
Sept.
Oct.
Nov.
Dec .
25.0
24.9
24.7
24.5
24.3
24.2
48.9
48.8
48.8
48.8
48.7
48.9
31.3
31.5
31.6
31.7
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.
24.1
24.1
24.1
24.0
23.8
49.1
49.1
49.0
49.0
48.9
32.1
32 .3
32.5
32 .6
32.7
n .a .
n .a .
n .a.
n.a.
n .a .
n .a .
n.a.
n .a .
n .a .
n .a .
23.6
23.6
23.5
23.4
48.9
48.9
48.9
48.9
12 7
32.8
32.9
33.0
n .a.
n.a.
n .a .
n.a.
n.a.
n .a.
n ,a.
n .a.
1972--Jan.
Feb.
March
April
May
June
July
Aae.
Sept. p
TABLE 14-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
held by -domestic nonfipancial
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
w e e k l y reporting banks, except foreign holdings .
C o m m e r c i a l paper held outside banks and other financial
institutions.
Short-term marketable U . S . Government securities excluding official, foreign, and financial institution holdings.
A l l issues due in one year or less, including bonds and
notes, plus a sliding proportion of issues due in 13 to
24 m o n t h s .
Series E and H savings bonds held by individuals.
Sum of columns 3 and 4 to column 1.
Sum of columns 4, 5, and 8 to column 1.
Column 6 to column 1.
Column 1 to GNP. Annual averages are based ori 12-month
averages of column 1 and annual G N P . Quarterly averages
are based on 3-month averages of column 1 and quarterly
GNP.
Sum of columns 3 and 4 to G N P . 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 and quarterly GNP.
@FedFRASER