The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
L.4.3
Not for Publication
BANKING AND MONETARY DEVELOPMENTS
AUGUST 1976
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)
1974
%
Total bank credit—^
U.S.Govt, securities
#
Other Securities
Loans^
#
1st
half
1st
Qtr.
Year
Year
9.1
4.4
5.7
4.4
4.7
4.9
5.6
-7.5
57.5
90.6
29.1
14.1
36.8
44.3
8.0
3.6
6.0
5.0
.8
-.7 -4.3
.6
4.4
-4.2 —9.0 -3.2
1.2
-.7 -5.6
11.5
Business loans
17.5
Real estate loans
10.4
Consumer loans
1975
3rd
4th
Qtr. Qtr.
2nd
Qtr.
4.3
3.2
1976
2nd
Qtr. June p July p Aug.p
2.0
7.0
9.0
26.3 12.9
-16.6
29.8
4.2
-1.0 -4.1
2.2
.8
13.3
3.3
1.5
2.3
1.8
.2
9.6
6.9
.7
-5.3
-7.7
-2.8 -3.5
5.6
-
1.5
7.0
8.0
8.9
6.9
5.1
7.7
-2.1
4.3
5.6
4.9
4.0
5.7 3.9
13.0
n.a.
adjusted for loans sold to selected affiliates
#
Total bank credit—''
#
9.2
1/
Loans-
11.6
Business Loans
17.4
5.7
4.2
4.6
4.9
5.5
4.3
2.1
6.9
8.2
-.7 -4.3
.4
4.3
1.6
2.1
1.0
.5
9.5
5.7
-7.4 -2.2 -2.8 - 5.5
-2.1
4.4
-4.2 -8.7 -3.3
-
—4.9
4.7
4.1
9.7
3.6
1.6
5.6
4.3
6.
-.8
6.7
5.5
15.0
7.9
6.3
2.6
12.9
6.9
5.4
8.2 15.1
11.5
-2.3
Time other than CD's
9.4
12.2
14.6
8.9
11.6
14.9
17.1
12.2 10.4
16.6
12.8
CD's (dollar change
in billions)
26.3
-6.9 -5.7 -5.0
3.8
-12.3 -9.7 —2.6 2.4
-1.0
-5.2
Money stock Total time deposits
1/
Adjusted to exclude domestic interbank loans.
* n.a. - Not available.
T
Table 2
Loans and Investments at All Commercial Banks
(Seasonally Adjusted)
Date
ly
Total-
1/
Loans—
U.S. Gov't.
Securities
Other
Secutities
(In billions of dollars)
1972—December 31
1973—December 31
1974—December 313/
October 29
November 26
December 31
•January
February
March
April
May
June
July
August
2/
3/
28 P
25 P
31 P
28 P
26 P
30 P
28 P
25 P
558.0
633.4
690.4
378.9
449.0
500.2
62.6
54.5
50.4
116.5
129.9
139.8
716.3
722.2
721.1
495.0
498.5
496.9
76.0
76.8
79.4
145.3
146.9
144.8
723.3
726.7
731.2
734.5
737.6
738.8
743.1
748.7
497.3
497.8
499.7
500.5
500.6
500.7
504.7
507.6
81.0
84.4
88.2
90.0
93.0
94.0
92.7
95.0
145.0
144.5
143.3
144.0
144.0
144.1
145.7
146.1
Adjusted to exclude domestic commercial interbank loans.
P ~ Preliminary
Beginning June 30, 1974, data revised to include one large mutual savings bank which merged with a nonmember
commercial bank. Total loans and investments were increased by about $600 million of which $500 million
were in loans and $100 million in "other securities."
Beginning October 31, 1974, as the result of the liquidation of one large bank total loans were reduced by
$1.0 billion; business loans by $0.6 billion; real estate loans by $0.2 billion; nonbank financial loans
by $0.2 billion; and "other securities" by $0.5 billion. However, business loans were increased and real
estate loans were reduced by $0.1 billion as the result of loan classifications at one large mideastem bank.
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
1 V
Sold to
Affiliates —
lonbank Dublin
business
Business
Business
Total
Loans
Loans
Total
Total
Loans
Date
1971—Dec.
1972—Dec.
1973—Dec..
1974—Dec.
1975—Dec.
1976
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
28
25
31
28
26
30
28
25
p
p
p
p
p
p
p
Total loans
and investments
Original
Adjusted 3/
Total Loans
Original
Adjusted 3/
Business Loans
Original
Adjusted 4/
4.5
4.4
6.1
n.a.
n.a.
2.0
2.0
2.9
n.a.
n.a.
2.8
2.6
4.3
4.8
4.4
1.6
1.7
2.6
2.7
2.5
1.7
1.8
1.8
n.a.
n.a.
0.4
0.3
0.3
n.a.
n.a.
485.7
558.0
633.4
690.4
721.1
488.5
560.6
637.7
695.2
725.5
320.9
378.9
449.0
500.2
496.9
323.7
381.5
453.3
505.2
501.3
116.1
130.2
156.4
183.3
176.0
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.
4.3
4.5
4.2
4.2
4.4
4.5
4.5
4.0
2.5
2.7
2.6
2.6
2.7
2.8
2.8
2.5
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.
723.3
726.7
731.2
734.5
737.6
738.8
743.1
748.7
727.6
731.2
735.4
738.7
742.0
743.3
747.6
752.7
497.3
497.8
499.7
500.5
500.6
500.7
504.7
507.6
501.6
502.3
503.9
504.7
505.0
505.2
509.2
511.6
176.6
175.1
171.4
170.5
170.7
170.2
171.0
171.0
.
,
Commercial bank credit
(seasonally adiusted)
117.7
131.9
.159.0
186.0
178.5
179.1
177.8
174.0
173.1
173.4
173.6
173.a
173.5
affiliates reflect a newly issued definition of the group of affiliates included as well as a somewhat different group of reporting banks.
2/ To other than banks' and bank-related affiliates or subsidiaries.
3/ Includes all loans sold to bank holding companies, affiliates, subsidiaries, or foreign branches.
4 / Includes business loans sold to bank holding companies, affiliates, subsidiaries, or foreign branches.
5/ Beginning June 30, 1974, data revised to include one large mutual savings bank which merged with a nonmember commercial bank. Total loans
and investments were increased by about $600 million of which $500 million were in loans.
Beginning October 31, 1974, as the result of the liquidation of one large bank, total loans and investments were reduced by $1.5 billion;
total loans by $1.0 billion; and business loans by $0.6 billion. However, as the result of loan reclassifications at another large bank,
business loans were increased by $0.1 billion.
7/ Beginning March 31, 1976, as the result of loan reclassifications in Chicago City and in the San Francisco District, business loans w e r e
reduced by $1.2 billion.
p
preliminary
n.a.
not available
i
Table 4
Loans at all Commercial Banks
Seasonally Adjusted
Business
Real
Estate
Consumer
Security
Nonbank
Financial
Agriculture
(In billions of dollars)
81.4
98.1
117.7
130.2
60.9
71.8
83.4
87.0
10.8
£ l / I/
116.1
130.2
156.4
183.3
14.7
12.2
11.4
15.9
22.1
28.9
33.3
12.7
14.5
17.5
18.4
1975—-July
Aig.
Sept.
Oct.
Nov.
Dec.
30
27
24
29
26
31
176.7
176.5
175.4
176.3
177.1
176.0
131.7
131.7
132.1
132.9
133.5
134.4
86.4
86.9
87.7
88.5
89.0
89.9
10.7
10.7
10.3
11.3
12.7
12.3
30.9
30.8
30.7
30.0
30.0
28.0
19.0
19.4
19.7
19.9
20.1
20.4
197 6—Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
28
25
31
28
26
30
28
25
176.6
175.1
171.4
170.5
170.7
170.2
171.0
171.0
135.2
136.4
138.2
139.0
140.0
140.6
141.5
141.7
90.3
90.4
90.8
91.6
91.8
92.1
93.1
n.a.
10.6
11.1
13.3
13.3
29.0
29.3
28.9
28.7
28.1
27.2
26.9
26.1
20.6
20.8
21.2
21.4
21.8
22.0
1971—Dec.
1972—Dec.
1973—Dec.
1974—Dec.
31 : : ;
31
p
p
/
P 2
p
p
p
p
p
iU
14.3
15.9
22.2
22.5
n.a. - not available.
P ~ Preliminary
Beginning June 30, 1974, data revised to include one large mutual savings bank which converted to a nomember
V
commercial bank. Real estate loans were increased by $.5 billion.
2/ Beginning October 31, 1974, as the result of the liquidation of one large bank, business loans were reduced by
bv $0 6 billion: real estate loans bv $0.2 billion; and nonbank financial loans by $0.2 billion. However,
business loans were increased and real- estate loans were reduced by $0.1 billion as the result of loan
reclassifications at one large mideastern banl.
e
#
#
•
•
#
e
•
•
•
Table 5
Changes in Loans and Investments at All Commercial Banks, Seasonally Adjusted
(In billions of dollars)
19• 76
1975
Item
July
August
Sept.
Oct.
Nov.
Dec.
Jan. p
Feb. p
March p
June p
July p
August p
April p
May p
+3.3
+3.1
+1.2
+4.3
+5.6
+3.0
+1.0
-1.3
+2.3
+3.5
+3.4
+3.6
+5.9
-1.1
+2.2
+3.4
+4.5
U. S. Gov't, securities
+ .8
+2.7
+1.7
-.7
+ .8
+2.6
+1.6
+3.4
+3.8
Other securities
+ .9
+ .5
+ .4
+ .8
+1.6
-2.1
+ .2
-.5
-1.2
+ .7
1/
+.1
+1.6
+ A
Loans 2/
-.9
+ .3
+1.3
+3.5
+3.5
-1.6
+ .4
+ .5
+1.9
+ .8
+ .1
+ .1
+4.0
+2.9
Business
1/
-.2
-1.1
+ .9
+ .8
-1.1
+ .6
~1'5
-2.5
-.9
+ .2
-.5
+ .8
Real estate
+ .1
1/
+ .4
+ .8
+. 6
+ .9
+ .8
+1.2
+1.0
+ .8
+1.0
+ .6
+ .9
Consumer
+.5
+ .5
+ .8
+ .8
+ .5
+ .9
+ .4
+ .4
+ .8
+ .2
+ .3
+1.0
Security
-1.5
1/
- .4
+1.0
+1.4
-.4
-1.7
+ .5
+2.2
I f
+ .5
+ .4
+ .1
+1.6
-2.0
+1.0,
+ .3
-.6
-.2
-.6
-.9
-.3
; -.8
+ .2
+ .2
+ .3
+1.3
. n.a.
Nohbattk'financial
Agriculture
All other
3a
-.3
-.7
-.1
?-
+ .3
+ .4
+. 3
.
„
i
3
T
-
+.1
00
+ .8
+
Loans and Investments 2/
+ .2
+'2,
+ .3
+ .2
+ .2
+ .4
+ .2
+ .4
+ .6
+. 1 - •
-.1
- . 9 "• -
-.5
+1.0
+ .1
-1.6
1/
j
1/ Less than $50 million
2/ Adjusted to exclude interbank loans
p - Preliminary
<.
I !
\
+-2
n .a .
Table 5A
Changes.in Loans and Investments at All Commercial Banks, Seasonally Adjusted
Adjusted for Loans Sold to Affiliates
(In billions of dollars)
1976
1975
Item
July
August
Sept.
Oct.
Nov.
Dec.
Jan. p
Feb. p
Mar. p
Apr. p
May p
June p
July p
Aug. p
Loans and Itivestments 2/
+ .6
+3.5
+3.4
+3.8
+5,9
-1.4
+2.1
+3.6
+4.2
+3.3
+3.3
+1.3
+4.3
+5.1
U. S. G o v i s e c u r i t i e s
+ .8
+2.7
+1.7
-.7
+.8
+2.6
1.6
3.4
+3.8
+1.8
3.0
+1.0
-1.3
+2.3
Other securities
+ .9
+ .5
+ .4
+ .8
+1.6
-2.1
+ .2
-1.2
+ .7
+• 1
+1.6
+ .4
-1.1
+ .3
+1.3
+3-7
+3.5
-1.9
+ .3
+ .7
+1.6
+ .8
+.3
+
+4.0
-.1
-.2
-1.1
+1.0
-1.4
+ .6
-1.3
-2.6
-.9
+ .3
Loans 2/
Business
+ .7
-.5
1/
. 2
-.4
+ 2 . 4
+. 8
-
I
|
i
|
I
1/ Less than $50 million
2/ Adjusted to exclude interbank loans
p - Preliminary
•
•
•
•
•
•
•
•
•
•
*
. 5
0- ;
#
Table 6
Changes in Loans arid Investments at All Commercial Banks, at Weekly
Reporting Banks, and at Other Banks, Not Seasonally Adjusted
Adjusted for Loans Sold
(In billions of dollars)
Last Wednesday of July to last Wednesday of August
Item
1975 r
1976 p
1971
1972
1973
1974
1970
2/
All commercial banks —
Total loans
U. S. Gov't, securities
Other securities
Total
+2.8
+2.2
+ .3
+5.3
-.8
+2.7
+ .4
+2.3
+3.4
-.2
-.1
+3.0
+6 .6
-1.5
+1.7
+6.7
+3.4
-.3
+1.3
+4.4
+3 .6
-.6
-.1
+3.0
-.4
+1.5
+1.4
+2.5
*
All Lar%e Banks 2/ 3/
Total loans
U. S. Gov't, securities
Other securities
Total
+ .9
+2.2
+ .3
+3.4
-2.4
+1.3
-.2
-1.3
+1.4
+ .2
-. 6
+1.1
+3.8
-.6
+ .3
+3.5
+3.1
+1.9
-. 1
-.4
+ .6
-. 8
+2.4 : +1.9
-.3
+1.2
+ .7
+1.6
*
Other banks 2/ 3/
Total loans
U. S. Gov't, securities
Other securities
Total
+1.9
1/
1/
+1.9
+1.6
+1.4
+ .6
+3.6
+1.9
-.4
+ .5
+1.9
+2.8
-.9
+1.3
+3.3
+1.5
-.1
+ .7
+2.1
+ .5
-.1
+ .7
+1.1
-.2
+ .4
+ .8
+1.0
•
End of December to last Wednesdziv of August
Item
j
1976 p
1975 r
1974
1973
1972:
1971
1970
+10.8
-3.0
+11.2
+19.0
+2.8
+.3
+5.8
+9.0
+2.0
-3.7
+4.3
+2.6
-.1
+ .6
+2.8
+3.3
+8.8
+.7
+7.0
+16.4
+3.0
-.3
+3.0
+5.6
;
^
®
•
®
All commercial banks 2/
Total loans
U. S. Gov't, securities
Other securities
Total
+ .7
+7.7
+ .3
+8.7
-20.7
+17.6
. +3.4
+ .3
+42.7
-6.3
+6.1
+42.5
+50.1
-12.1
+6.2
+44.2
+24.9
-5.6
+8.1
+27.4
All Large Banks 2/ 3/
Total loans
U. S. Gov't, securities
Other securities
Total
-9.7
+2.8
-.7
-7,6
-25.4
+9.4
-2.3
-18.3
+26.6
-4.6
+0.2
+22.2
+29.3
-8.2
+ .2
+21.3
+10.9
-3.9
+1.8
+8.8 ;
Other banks
2/ 3/
Total loans
U. S. Gov't, securities
Other securities
Total
+10.4
+4.9
+1.0
+16.3
+4.7
+8.2
+5.7
+18.6
+16.1
-1.6
+5.9
+20.4
+20.8
-3.9
+6.0
+22.9
+14.0
-1.7
+6.2
+18.5
1/ 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 1967-76.
NOTE: Data exclude all interbank loans; Call Report data for large banks used when
available. Loans adjusted to include all loans sold to bank holding companies,
affiliates, subsidiaries, or foreign branches. Allowance has been made in monthly
changes for all loan and security reclassifications. For description of reclassications, see Tables 3 and 8.
V
Table 7
Changes in Commercial and Industrial Loans at Large Commercial Banks
(In millions of dollars)
Late July to late August
Business of borrower
Food processors
Commodity dealers
Trade concerns
Retail trade
Wholesale trade
Metals
Primary metals
Machinery
Transportation equipment
Other fabricated metals
Textiles, apparel, etc.
Petroleum
Chemicals
Other durable manufacturing
Other nondurable manufacturing
Mining
Public Utilities, total
Transportation
Communication
Other public utilities
Construction
All other types of business
Bankers acceptances
Services
Other
Foreign business concerns
Classified
Unclassified
Total Change
1/
2/
-
1972
1973
1974
1975
1976
1972
1973
84
44
-158
-117
-41
-3
-72
-3
59
13
67
-33
-70
48
-16
47
149
-67
-31
247
103
-231
-109
58
-180
-4
27
-20
7
110
32
32
-399
-39 • 1934
23
1104
-62
830
356
3440
11
85
1737
134
960
237
-26
658
112
1134
489
-17
60
847
1263
139
432
11
491
-119
125
1723
44
74
118
27
1561
24
907
96
1553
370
83
-57
583
157
887
270
435
-180
14359
978
1365
52
15724
1030
134
11
-41
-14
-27
105
-87
40
49
-9
-356
-68
-122
-154
-12
133
-115
-16
28
-26
90
-479
-68
-43
-368
41
2
223
-20
-201
332
-308
-260
-568
-137
-431
459
488
-29
-649
-31
-187
-424
-7
712
-230
-352
346
-159
-115
255
-264
256
263
587
-482
-1051
684
-115
268
72
1219
1291
445
-465
2127
1486
661
2698
-22
1825
347
548
966
259
657
1032
364
311
1692
476
226
990
1055
3170
-248
1328
2090
442
14773
1598
16371
1
-244
-214 '
-56
16
17
-79
-83
-119
-43
-205
-33
-24
-148
-28
-497
-278
-148
-71
17
-1413
-81
1494
1974
2/
1975
1976
110
-1679
-399
-940
-1629
1934
1104
-530
-1099
830
3440
-2814
-10
85
1737
-1853
960
-511
658
-440
1134
-258
489
290
847
-595
1263
-865
432
-448
491
-8
-2343
1723
44
-345
118
-328
1561
-1670
-309
907
-1300
1553
83 . 359
583
-1395
-264
887
435
667
14359 •12231
-613
1365
12844
15724
-296
-154
946
500
446
-2211
-123
-1042
-731
-315
848
-242
-173
- 86
52
662
-2425
-81L
-422
-1192
-881
-5944
-2104
-566
-3274
179
-9725
-455
-10180
Four most comparable weeks used throughout.
.
,,
.
C h a n g e s
are compiled from December 29 , 1971; January 3, 1973; January i., 1974;
December
, 19 4 an
December 31 , 1975. These data cannot be linked with all commercial bank data which are always for December 31.
#
Late December to late August
1/
#
+
t
#
#
#
#
#
#
TABLE 8
Loans and Investments at All Commercial Banks
(In billions of dollars)
(Not seasonally adjusted)
U.S.
Gov't
Other
securities
n b~n-'
324.0 - Z
360.8
400.4
412.1
446.8
497.9
571.4
647.3
705.6
56.2
62.5
64.5
54.7
61.7
64.9
67.0
58.3
54.5
48.8
61.5
71.5
71.3
86.1
104.7
117.1
130.6
140.5
29
26
26
30
28
30
30
27
24
29
26
31
689.1
686.8
692.5
698.1
698.3
709.3
703.9
706.1
712.5
714.6
722.4
737.0
53. 5
54. 6
59. 3
63. 3
65,.0
68. 2
69.,4
72. 0
75. 4
75. 9
79..4
84.,1
731.4
i—Jan. 28 p
Feb. 25 P
720.8
Mar. 31 p(old)8729.6
Mar. 31 p(new)—l729v6
Apr. 28 p
732.1
735.1
26 p
May
743.3
June 30 p
July 28 p
740.3
Aug- 25 p
746.1
84..8
85.4
89 .3
89, 3
90.•2
90.5
90,.8
89 .5
91.8
Loans and
investments
Date
1966—Dec.
1967—Dec.
1968—Dec.
1969—Dec.
1970—Dec.
1971—Dec.
1972—Dec.
1973—Dec.
1974—"Dec.
>—Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.
31
30
31 31
1 1 * '
1/
Total
loans
Business
Real
estate
219.0^- —
236.8
264.4
286.1
299.0
328.3
387.3
458.5
510.7
80.6
88.4
98.4
108.4
112.5
118.5
132.7
159.4
186.8
53.9
58.5
65.1
4/
70.0
72.5
81.6
98.4
118.0
130.6
139.1
139.5
140.9
141.7
141.7
143.9
143.4
143.8
144.3
144.9
145.4
145.5
496.5
492.8
492.3
493.1
491.6
497.2
491.1
490.3
492.8
493.7
497.6
507.4
181.9
180.7
180.5
181.1
178.7
179.0
176.7
175.3
175.8
175.3
176.5
179.4
130.6
130.4
130.4
130.8
131.0
131.4
131.7
132.1
132.8
133.7
134.2
134.8
144.0
143.6
143.5
143.5
145.2
144.6
145.3
145.6
145.8
492.6
491.9
496.9
496.9
496.7
500.0
507.2
505.2
508.5
174.4
173.5
172.5
171.3
170.6
170.8
172.4
170.7
170.3
135.1
135.7
136.6
137.4
138.3
139.4
140.5
141.5
142.1
Security
Farm
9.0
10.5
11.8
10.7
12.1
12.9
17.6
14.6
13.6
8.6
9.3
9.7
10.3
11.2
12.5
14.3
17.3
18.2
11.3
Consumer
2/
Nonbank
financial
institutions
All
other
15.3
16.9
19.3
20.6
21.2
24.7
28.8
35.0
38.8
38.3
40.6
46.3
51.0
53.6
61.2
72.1
83.7
87.3
13.3
12.5
13.7
15.1
15.9
16.9
23.4
30.5
35.2
11.7
10.0
11.2
12.4
10.4
10.4
10.1
11.1
12.7
14.8
18.1
18.1
18.3
18.5
18.7
19.1
19.4
19.7
19.9
19.9
19.9
20.2
86.5
86.0
85.2
85.4
85.6
86.2
86.9
87.8
88.5
89.1
89.3
90.3
32.8
32.2
31.7
31.7
31.6
32.4
31.4
31.0
30.6
29.5
29.5
29.6
35.3
34.8
34.5
35.6
34.8
36.7
34.6
34.0
35.1
35.1
35.5
38.4
10.4
10.9
13.2
13.2
12.5
13.5
14.5
13.9
15.5
20.2
20.4
20.9
20.9
21.3
21.9
22.4
22.6
22.9
89.8
89.4
89.6
89.6
90.7
91.4
92.5
93.7
n.a.
28.2
34.5
33.7
35.3
10.6
28.3
28.8
29.0
28.3
27.9
28.2
27.1
26.4
A/
it:?
35.1
36.7
35.7
n.a.
n.a. - Not Available p - Preliminary *Data revised to reflect adjustment to December 31, 1975, Call Report.
NOTE: Data exclude domestic interbank loans. Consumer and "other loans" were partly estimated for all dates. Other data are partly estimated on all
but June and December call dates.
1/
Beginning June 9, 1966, $1.1 billion of balances accumulated for the payment of personal loans were deducted from time deposits and "all other"
~
loans.
2/
Beginning June 30, 1966, about $1 billion of participation certificates previously included in agricultural and "all other" loans were reclassified
as "other securities".
3/ ' Data revised beginning June 1969, to include all bank premises subsidiaries and other significant majority-owned domestic subsidiaries.
4/
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.
5/
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.
6/
Beginning June 30, 1974, data revised to include one large mutual savings bank which merged with a nonmember commercial bank. Total loans and
~~
investments were increased by about $600 million of which $500 million were in loans and $100 in "other securities."
7/
Beginning October 31, 1974 as the result of the liquidation of one large bank, total loans were reduced by $1.0 billion; business by $0.6 billion;
~~
real estate loans by $0.2 billion; nonbank financial loans by $0.2 billion; and "other securities" by $0.5 billion. However, business loans were
increased and real estate loans reduced by $0.1 billion as the result of loan reclassifications at one large mideastern bank.
8/
Beginning March 31, 1976, as the result of loan reclassifications business loans were reduced by $1200 million, real estate
~~
loans increased by $800 million; and nonbank financial by $200 million, and all other by $200 million.
TABLE 9*-/
Ratios of Total Deposits
L O A N S
M e m b e r
B a n k s
Reserve City Banks
All
City
commercial
New York
of
banks
Total
City
Chicago
DATE
1963--Dec.
1964-—Dec,
1965-—Dec <
1966--Dec.
1967--Dec.
1968-—Dec.
1969- Dec.
1970--Dec.
1971 -Dec.
1972--Dec.
1973--Dec.
1974 -Dec.
25
31
31
31
30
58.6
60.5
63.7
65.8
63.8
64.7
72.0
67.3
65.7
67.9
72.0
72.9
11 %)
3^/
31*
31*
31*
59.9
61.9
65.4
67.9
65.8
(63.7 66.8
(69.8 75.7
(66.2 69.9
(65.6 68.0
(67.7 70.6
(71.8 75.3
(72.5: 76.0
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 (84.0)
87.7 (86.4)
87.4 (85.8)
62.1
64.4
70.2
77.0
70.8
75.1
89.5
80.6
78.1
87.2
93.7
91.5
Other
63.3
65.0
68.7
70.2
68.1
69.1
79.5
73.3
71.6
77.3
81.7
81.9
Country
53.8
56.0
57.9
59.2
58.2
58.2
62.8
60.2
59.2
60.1
53.9
64.6
MEMBER BANK DATA NOW AVAILABLE ONLY ON CALL DATES
1975——June 30*
July 30*
Aug. 27*
Sept.24*
Oct. 29*
Nov. 26*
Dec. 31*
70.5
71.3
71.0
71.0
70.5
70.2
68.7
1976--Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
69.6 (69.3)
69.7 (69.4)
68.6 (68.2)
69.4 (69.2)
69.7 (69.4)
68.a (68.5)
69.7(69.3f
70.2(69.8)
28*p
25*p
31*p
28*p
?6*p
30*p
28*p
25*p
(70,3)73.4
(71.i:
(70.8]
(70.7)
(70.2)
(69.9)
(68.3)71.5
85.0 (81.9) 93.6
78.4
62.7
84.6 (81.6) 91.5
75.4
61.5
* - Ratios in parentheses are those obtained by adding Euro-dollars to the deposit base.
1/ Total loans (adjusted to exclude loans to banks) and total deposits (adjusted to
exclude cash items in process of collection).
m
2J
3/
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.
Table 10
'
Honey Stock Measures and Deposit Turnovers
(Seasonally adjusted; dollar amounts in billions)
V> .
M
3
H, plus
>•' ' M1
Currency
V - v.lu8
demand
deposits^^
1973-December
270.5
' 571.4
919.5
1974-December
283.1
612.4
981.6
19 75- De c embe*t"
19?6-Jan.
%Feb.
Xv Mar>
Apr,
Hayi
1
:;
294.8
395.1,
296.5
298.0
301.7
30:3.3
•U-
Aug;-
Week enditig:
Aug!. 4
' 11
18
25
Y7
2/
~
3/
4/
t" 664.3
.
"
... 1103.7
..U17.2
,1127.3
1141.2!
115
305.5:
306.3
307.3?
306.4
6.70.2
^ 678.5
6b.i
' 691.9
• »-
... wJ«0Q-..
?07.fe
713.>
710.3
712.0
714.0
61.5
1092.9
,,s
"
* July
V'd
deposits
2
at non% plus
baitk thrift
time dep.
institutions
at comm.
.and credit
other than 2/
union n/ ;
shared Currency
lartee CD1 s—' ^
Components of; money stock measures and, related items
DemAnd
Deposits
CD's
5.0
75.8
215^3: 89.8
| 329.3
419.1
369.3
3.0
86.6
82.9
369.6
452.4
428.8
3.0
84,7
79.2
75.4
73.2
71.4
68.2
*70.6™
: 381.9
385.4 "
1 390.2 :
i 393.9
* 397.2
375.2
454.4
457.3
458.5
461.6:
462.0
367.9
2.6
2.6
82:9 I
~
n.a. !{
n.a. !
n.a.
...»
78.4
78.7
78.6
"
•)
Turnovet
outside
N.Y. City
(per gent)
348.2
220.8
; 2%r:3'
i 212.3
225,0 1
226.0
77.4
^77i, 6 ~ r 225,5
tmmntiy
U.S. Gov't.
deposits
(all member)
364.4
,'f >4'.2
* 75.1
' 75,7
: 76.7
1184.3|
Nonbank thrift
institutions—
1 300 .e9r
! 209,0 - 63.5
73.7
r
Time
than
other
Total
CD' a - y Time ,
^
'
;
#.4
:
m
m
407.1
• 433.7
438.'9
444.3
449.5
454.4
' 459.2
4# 4
471
472.W
471.5
471.3!
: 227.1 66.5 j 404.8
»
TA&5%7 - "A-71 •
f"227#m
471.2;
406.9
' 228/6 64.4
472.oj
408.4
63.5
i 227.7
l
n.a.,
n.a.:
n.a.;
• -;s:'
"
. 2v5
;
*
2^5 ,
2.3
3.7
, ;* , &^;
;
3.0
4.4
3.7
s
m
92}$ :
-
88.4 &
88.2
* 96 .^-
••—•Q-Q- a
r?y
A.a.
..n-a •
includes (1) demand H Apma i t
' al^66^ei%ial*'Wnkk'l^hef 'foati #K>se
4i(W6smieTeomigem^al''>WAks:
j:he%U^gyernmeftt» less cash items in the
process of collection and F.R. float; (2)' foi:eighzdei»n<f^ tyilanbes,at F-.R#, banks* and:.^3) :cucrengy out Sii4e, the Treasury, F.R. Banks and vaults of all
commercial banks.
Includes itt 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 $100,0b0 or more by large weekly reporting commercial banks.
Includes H 0 , plus the average of the beginning and end of month deposits of mutual savings banks, savings and loan shares and credit union shares.
Average of beginning and end of month deposits at mutual savings banks, savings and loan shares, and credit union shares.
Tabi6 11-A
Liquid Asset Holdings of Private Domestic Nonfinancial Investors
(Seasonally adjusted monthly averages; amounts in billions of dollars, ratios in per cent)
Other Liquid Assets
Currency and Deposits
Time Deposits
Period
Total
liquid
assats
Negotiable
CD's
Commercial
U.S. shortterm
marketable
Treasury
securities
Savings
bonds
Total
Currency
Demand
deposits
Commercial
banks
Thrift
institutions
Total
632.5
719.9
151.4
160.3
174.9
180.9
182.1
199.3
233.7
264.7
294.9
321.9
232.7
273.4
319.6
348.0
369.2
152.3
146.3
163.1
206.9
242.5
23.0
30.2
39.7
57.9
79.6
24.7
24.0
27.5
38.3
41.8
52.6
37.8
38.3
50.3
57.8
52.0
54.3
57.6
60.4
63.3
4
6
7
8
paper
11
1970—Dec.
1971—Dec.
1972—Dec.
1973—Dec.
1974—Dec.
784.8
866.3
979.2
1092.3
1183.4
885.4
940.9
816.1
49.1
52.6
56.9
61.5
67.8
1975—July
Aug.
Sept.
Oct.
Nov.
Dec.
1251.4
1258.6
1264.4
1275.4
1291.6
1301.6
1011.1
1020.3
1027.4
1035.6
1046.7
1052.6
71.3
71.9
72.0
72.6
73.4
73.7
188.7
189.6
189.7
189.0
190.7
189.0
347.0
348.8
350.5
354.0
358.2
361.3
404.1
410.0
415.2
420.0
424.4
428.6
240.3
238.3
236.9
239.8
244.9
249.0
71.9
69.1
69.3
70.6
71.5
72.9
42.1
41.1
40.4
40.5
41.1
41.6
60.8
62.2
61.0
62.1
65.4
67.3
65.6
65.9
66.2
66.6
66.9
67.2
1976—*Jan.
Feb.
Mar.
Apr.
Hay
June
July
Aug.
1310.5
1320.7
1329.5
1342.6
1351.4
1362.8
1374.7
1382.3
1063.9
1078.1
74.2
75.1
75.7
76.7
77.4
77.6
78.2
78.7
189.1
190.0
190.2
192.5
193.7
193.0
193.8
195.0
367.1
374.3
378.2
383.6
'387.4
390.6
396.2
401.3
433.5
438.8
444.0
449.2
454.3
458.9
464.3
471.0
246.6
242.6
241.4
240.6
238.6
242.8
242.2
236.3
69.6
66.1
64.0
62.2
59.0
41.9
42.1
42.4
43.0
43.9
44.9
45-4
45.4
67.5
66.4
66.7
66.7
66.7
67.4
66.9
65.5
67.6
68.0
68.3
68.6
69.0
69.3
69.9
70.6
1088.1
1102.0
1112.8
1112.0
1X32.6
1146.0
MOTE: For description of Items, and computation of ratios, see Table Xl-C.
61.1
60.0
54.7
TABLE 11-B
Period
Currency
and demand
deposits to
liquid assets
12
Bank
liability
to liquid
assets
13
Time Deposits
at thrift
institutions to
liquid assets
14
Liquid
assets
to GNP
15
Currency
and demand
deposits to GNP
16
1970—Dec.
1971—Dec.
1972—Dec.
1973—Dec.
1974—Dec.
1975—Dec.
25.5
24.6
23.7
22.2
21.1
20.2
47.6
49.0
49.0
48.9
49.3
47.9
29.7
31.6
32.6
31.9
31.2 '
32.9
77.4
78.1
79.0
79.7
81.6
83.0
19.9
19.6
19.0
18.2
17.6
17.2
1975—Q1
Q2
Q3
Q4
20.8
20.9
20.7
20.2
49.0
48.7
48.2
47.8
31.5
32.1
32.8
33.0
83.7
84.0
82.3
82.0
17.4
17.5
17.1
16.7
20.0
19.93
47.6
47.2 5
y
47.8
47.7
47.6 :
47.5
47.4
47.3
47.3
47.1
33.4
33°. 8
81.7
80.8
16.4 q
16.2 :
33.1
33.2
33.4
33.5
33.6
33.7
33.8
34.1
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.
1976-Q1
02
1976—Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
j* %
£ » .
-5 ,< ;
>
•.
-
20.1
20.1
20.0
20.1
20.1
19.9
19.8
19.8
o
c; ; '
-
TABLE 11-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 nonfinancial
sectors.
Deposits at- nonbank thrift institutions and credit unions,
as published in money stock statistics.
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 colum 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