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L.4.3
Not for Publication
September 1977
-i
BANKING AND MONETARY DEVELOPMENTS
August 1977
Banking Section
Division of Research and Statistics
Board of Governors of the Federal Reserve System
Table I
Changes in Commercial Bank Credit, Honey Stock and
Time Deposits
Seasonally adjusted annual rates (per cent)
1976
2nd
half
3rd
Qtr.
4th
! 1st
Qtr.
Qtr.
8.8
7.7
9.5
7.5
11.3
22.5
38.5
5.5
.8
4.7
Year
0
1/
1btal bank credit—
U.S. Govt, securities
Other securities
•
v
1977
1st
half
2.3
2nd
Qtr.
1st
half
9.5
11.2
10.5
8.9
10.1
25.9
6.6
16.4
8.0 -27.4 -3.5
6.6
2.7
.5
12.9
6.7
3.9
9.2 12.4
9.4
7.8
8.5
5.0
11.6
9.0
13.9
9.0
11.6
10.4
10.5
15.9 16.5
2.7
-3.1
8.6
4.6
12.4
7.6
11.8
9.8
15.5
8.3 12.7
Real estate loans
10.2
10.2
9.7
9.3
9.9
12.6
15.1
14.1
17.6
14.3 16.4
Consumer loans
12.7
9.6
15.1
15.3
14.3
10.3
14.6
12.6
15.8
8.9 n.a.
•bans-
Business loans
e
$
Junep July Augp
•
•
AdjustedI to include loans sold to selected affiliates
Total bank credit—^
8.6
7.7
9.3
7.2
11.2
9.5
11.2
10.5
8.9
9.3 12.3
Loans—
If
8.3
5.0
11.2
8.5
13.7
9.1
11.5
10.4
10.4
16.0 16.4
Business Loans
2.6
-2.7
8.0
3.9
12.0
8.1
11.9
10.1
15.3
8.2 12.5
A m e y Stock -
5.6
5.6
5.5
4.9
7.2
3.8
8.2
6.4
4.5
18.3
5.5
Total time deposits
8.1
6.3
9.7
6.2
15.7
9.5
9.5
10.5
13.2
11.0
6.9
15.2
14.1
15.2
14.5
18.1
11.9
9.4
12.1
10.7
15.4
7.1
—18.8 -11.9
-6.9
-7.1
.2
1.7
.6
1.6
-1.1
.4
»
$
Time other than CD's
#
A ' s (dollar change
in billions)
L/
J
Adjusted to exclude domestic interbank loans.
n.a. - Not available.
-1.1
Table 2
Loans and Investments at All Commercial Banks
(Seasonally Adjusted)
Date
Total-/
Loans™/
U.S. Gov't
Securities
(In billions of dollars)
62.6
378.9
54.5
449.0
50.4
500.2
79.4
496.9
Other
Securities
116.5
129.9
139.8
144.8
1972—December
1973—December
1974—December
1975—December
31
31
31 273/
31
558.0
633.4
690.4
721.1
1976—July
August
September
October
November
December
28
25
29
27
24
31
751.4
758.0
762.9
771.6
778.8
784.4
512.1
516.0
520.8
529.6
533.1
538.9
93.2
95.6
94.9
94.4
95.4
97.3
146.1
146.4
147.2
147.6
150.3
148.2
1977—January
February
March
April
May
June
July
August
26p
23p
3Op
27p
25p
30p
27p
31p
786.6
796.4
803.0
812.4
819.4
825.5
831.8
840.4
540.9
545.4
551.0
557.7
562.1
567.0
574.5
582.4
96.9
101.5
103.6
102.8
104.6
105.3
102.9
102.6
148.8
149.5
148.4
151.9
152.7
153.2
154.4
155.4
1/ Adjusted to exclude domestic commercial interbank loans.
~2j 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."
3/ Beginning October 31, 1974, as the result of Lhe 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 mideastern bank.
Table 3
LOANS SOLD OUTRIGHT BY COMMERCIAL BANKS AND BANK CREDIT ADJUSTED FOR SELECTED LOAN SALES
Loans sold outright by commercial banks
r
:
Date
Business
Loans
Total
1972—Dec.
1973—Dec. 5 / 6 /
1974—Dec.— —
1975—Dec.
2.6
4.3
4.8
4.4
1976—Sept. 29
Oct. 27
Nov. 24
Dec. 31
3.9
3.8
3.8
3.8
1977—Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
4.0
3.9
4.0
4.0
4.0
4.0
4.1
4.1
26p
23p
30p
27p
25p
30p
27p
31p
|
'
|
;
Commercial bank credit
:
Total loans
and Investments
4
—
Total Loans
.
Original
3/
Ad lusted—
Original
560.6
637.7
695.2
725.5
378.9
449.0
500.2
496.9
1.7
2.6
2.7
2.5
|
558.0
633.4
690.4
721.1
2.5
2.4
2.4
2.4
i
i
!
762.9
771.6
778.8
784.4
|
!
!
766.8
775.4
782.6
788.2
520.8
529.6
533.1
538.9
786.6
796.4
803.0
812.4
819.4
825.5
831.8
840.4
1
790.6
800.3
807.0
816.4
823.4
829.5
835.9
844.5
540.9
545.4
551.0
557.7
562.1
567.0
574.5
582.4
2.6
2.6
2.7
2.8
2.8
2.8
2.8
2.8
1
i
!
|
!
i
I
|
|
|
Business Loans
i
3/
! Adjusted— i Original
I
I
|
1
1
1
!
!
j
i
381.5
453.3
505.2
501.3
!
|
|
524.7
533.4
536.9
542.7
544.9
549.3
555.0
561.7
566.1
571.0
578.6
586.5
!
I
i
1
!
4/
Adjusted—
130.2
1-56.4
183.3
176.0
131.9
159.0
186.0
178.5
174.1
176.8
179.0
179.5
176.6
179.2
181.4
181.9
179.8
181.2
182.9
184.9
185.9
188.3
189.6
191.6
|
:
!!
182.4
183.8
185.6
187.7
188.7
191.1
192.4
194.4
1/ To bank holding companies, affiliates, subsidiaries, and foreign branches. Beginning August 28, 1974, loans sold outright to selected bank
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 1 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 mutal 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.
6/ 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 were
reduced by $1.2 billion.
http://fraser.stlouisfed.org/
p - Preliminary.
n.a. - Not available.
Federal Reserve Bank of St. Louis
Table 4
Loans at Commercial Banks
Seasonally adjusted
Business
Real
Estate
Consumer
Security
Nonbank
Financial
Agriculture
1
1
(In billions of do liars)
1972—Dec.
1973-Dec.
1974—Dec.
1975—Dec.
31
31
31
31
130.2
156.4
183.3
176.0
98.1
117.7
130.2
134.4
71.8
83.4
87.0
89.9
14.7
12.2
11.4
12.3
22.1
28.9
33.3
28.0
14.5
17.5
18.4
20.4
1976—Sept.
Oct.
Nov.
Dec.
29
27
24
31
174.1
176.8
179.0
179.5
145.4
146.4
147.7
149.0
97.8
98.8
99.7
101.3
14.9
16.7
15.8
17.7
25.8
26.9
26.7
25.6
22.7
23.0
23.3
23.5
179.8
181.2
182.9
184.9
185.9
188.3
189.6
191.6
150.5
152.1
153.7
155.5
157.2
159.5
161.4
163.6
101.8
102.6
103.9
105.5
106.3
107.7
108.5
n.a.
17.2
17.3
17.6
18.2
18.7
17.7
18.0
19.2
27.1
27.0
26.4
26.8
26.6
26.1
25.7
25.4
23.7
23.8
24.2
24.7
25.1
25.6
26.0
26.5
1977—Jan. 26p
Feb. 23p
Mar. 3Op
Apr. 27p
May
25p
June 30p
July 27p
August31p
p - Preliminary.
n.a. - Not available
1/ Beginning June 30, 1974, data revised to include one large mutual savings bank which converted to a noranember
commercial bank. Real estate loans were increased by $.5 billion.
2J Beginning October 31, 1974, as the result of the liquidation of one large bank, business loans were reduced by
$0.6 billion; real estate loans by $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 bank.
3/ Beginning March 31, 1976, as the result of loan reclassification business loans were reduced by $1200 million,
real estate loans increased by $800 million; and nonbank financial by $200 million.
http://fraser.stlouisfed.org/
#
#
# Louis
#
# #
e e
• •
• •
# #
e #
e e
* • •
e<
Federal Reserve Bank of St.
Table 5
Changes in Loans and Investments at all Commercial Banks, Seasonally Adjusted
(In billions of dollars)
Item
1976
• -
July
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.p
Feb .p
Mar .p
Apr .p
May p
June p
Julyp
Aug P
2/
Eoans and Investments—
+2.6
+6.6
+4.9
+8.7
+7.2
+5.6
+2.2
+9.8
+6.6
+9.4
+7.0
+6.1
+6.3
+8.6
f.S. Gov't securities
-1.5
+2,4
-.7
-.5
+1.0
+1.9
- .4
+4.6
+2.1
-.8
+1.8
+. 7
-2.4
-.3
Other securities
+1,3
+.3
+ .8
+.4
+2.7
-2.1
+.6
+ .7
-1.1
+3.5
+.8
+.5
+1.2
+1.0
2/
loans—
+2.8
+3.9
+4.8
+8.8
+3.5
+5.8
+2.0
+4.5
+5.6
+6.7
+4.4
+4.9
+7.5
+7.9
+.7
+. 3
+1.0
+2.7
+2.2
+ .5
+.3
+1.4
+1.7
+2.0
+1.0
+2.4
+1.3
+2.0
I^eal estate
+1.1
+.8
+1.4
+1.0
+1.3
+1.3
+1.5
+1.6
+1.6
+1.8
+1.7
+2.3
+1.9
+2.2
Consumer
+1.3
+1.0
+1.3
+1.0
+.9
+1.6
+.5
+ .8
+1.3
+1.6
+ .8
+1.4
+. 8
n.a.
Security
+.4
+1.4
-1.1
+1.8
-9
+1.9
-.5
+.1
+.3
+. 6
+.5
-1.0
+.3
+1.2
Nonbank financial
-.2
-.7
-.1
+1.1
+1.5
-.1
- .6
+.4
-.2
-.5
-.4
-.3
Agriculture
+.2
+ .2
+,5
+.3
~'2
+ .3
+ .2
+ .2
+. 1
+.4
+.5
+ .4
+.S
+.4
+.5
All other
-.7
+.9
+1.8
+ .9
-.1
+1.4
-1.5
+ .6
+.9
-.2
+.2
-.2
+3.2
Business
1 / T'
jw L,e£»s tnan
1
million,
{^Preliminary.
i
;
j
1i
"lel
—
j
!
'
—
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
Item
July
Aug.
1977
Sept.
Oct.
Nov.
Dec.
Jan •P
Feb.p
Mar *P
Apr .p
+6,1
+4.8
+8.6
+7.2
+5.6
+2.,4
+9.7
+6,.7
+9.4
-1.5
+2.4
-.7
-.5
+1.0
+1.9
,4
+4.6
+2.,1
Other securities
+1.3
+.3
+.8
+.4
+2.7
-2.1
+.,6
+ .7
Loans^
+2.8
+3.4
+4.7
+8.7
+3.5
+5.8
+2. 2
+4.4
+1.0
+2.6
+2.2
+ .5
+ .5
2/
Loans and Investments—
+2.6
U.S. Gov't securities
Business
+.7
V
i
y
Less than $50 million.
2/ Adjusted to exclude interbank loans
p-Preliminary,
http://fraser.stlouisfed.org/
ee
Federal
Reserve Bank of St. Louis
+1.4
May p.
Junep
Julyp
+7.0
+6.1
+6.4
+8.6
-.8
+1.8
+ .7
-2.4
-.3
-1.,1
+3.5
+.8
+.5
+1.2
+1.0
+5.,7
+6.7
+4.4
+4.9
+7.6
+7.9
+1.0
+2.4
+1.3
+2.0
+1. 8
+2.1
1
!
I
Table 6
Changes in Loans and Investments at All Commercial Banks, at Weekly
Reporting Banks, and at Other Banks, Not Seasonally Adjusted
Adjusted for Loans Sold
'
Item
Last Wednesday of July to last Wednesday of August
1977p
' 1976r
1975
1974
1973
1972
1971
All commercial banks
£ Total loans
U. S. Gov't, securities
Other securities
Total
+8.2
-. 6
+.9
+8.5
+3.7
+2.4
+ .2
+6.3
-.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
All Lar^e Banks
Total loans
U. S. Gov't, securities
Other securities
Total
+4.1
-.1
+ .7
+4.7
+.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
+1.9
-.1
+. 6
+2.4
+3.1
-.4
-.8
+1.9
Xlther banks
0 Total loans
U. S. Gov't, securities
Other securities
Total
+4.1
-.5
+.2
+3.8
+2.8
+.2
-.1
+2.9
+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
ft
|
End o: December to last Wednesday of August
Item
1977p
1976r
1975
1974
1973
1972
1971
All commercial banks
Total loans
^ U. S. Gov't, securities
0 Other securities
Total
+33.7
-3.6
+6.2
+36.3
+9.0
+8.4
+. 6
+18.0
-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
+10.8
-3.0
+11.2
+19.0
All Large Banks
Total loans
& U. S. Gov't, securities
ft Other securities
Total
+8.1
-4.4
+3.5
+7.2
-9.7
+2.8
-.6
-7.5
-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
+2.0
-3.7
+4.3
+2.6
Other banks
Total loans
^ U. S. Gov't, securities
ft Other securities
Total
+25.6
+ .8
+2.7
+29.1
+18.7
+5.6
+1.2
+25.5
+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
+8.8
+.7
+7.0
+16.4
2/
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 1967-77.
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 in all
loan and security reclassifications. For description of reclassifications, see Tables
m
3 and 8.
t
r
Table 7
Changes in Commercial and Industrial Loans at Large Commercial Banks
(In millions of dollars)
Late JulLv to late August
Business of borrower
V
Late De cember to late August 2/
1976
1976
1977£/
1975
1974
1976
1975
1973
-542
-1662
36
125
291
-133
151
159
-60
Food processors
-134
-833
-383
—480
-68
-109
118
32
14
Commodity dealers
939
-1732
1674
1836
8
-23
-189
-144
-187
Trade concerns
488
-582
1141
926
20
-28
"66
-203
-47
Retail trade
451
-1150
533
910
-78
-12
5
-140
14
Wholesale trade
-2227
-2810
2669
3384
-352
-387
-509
72
244
Metals
-130
-26
62
-31
69
-15
-76
—16
-3
Primary metals
-1055
-1900
1761
1799
-145
-231
60
-291
-123
Machinery
-739
902
-433
366
-136
-165 •
-99
178
247
Transportation equipment
-303
-451
535
659
-91
-67
-1
20
-47
Other fabricated metals
874
-294
1140
952
-20
160
-10
169
95
Textiles, apparel, etc.
-136
250
268
398
-23
71
—16
53
-5
Petroleum
-141
-586
803
789
-70
24
105
43
4
Chemicals
-67
-860
1284
1000
-78
57
226
41
119
Other durable manufacturing
66
-406
430
441
77
-77
40
-11
31
Other nondurable manufacturing
827
-27
614
375
—62
22
62
184
-125
Mining
-2474
-2388
2259
1742
-250
-23
61
-589
—163
Public Utilities, total
-792
-324
420
117
64
-12
41
-95
-34
Transportation
-437
-356
212
370
-52
23
-65
-14
Communication
-85
-1245
-1708
1110
1172
-110
—186
Other public utilities
34
-429
-44
-991
—364
827
1052
16
-83
Construction
14
157
111
-5548
-1133
All other types of business
1828
275
3110
462
-119
-330
133
-1898
398
Bankers acceptances
78
-408
79
-208
-239
354
-189
-465
-1419
718
1446
Services
22
12
-172
38
171
-3185
-112
2072
1032
174
Other
81
70
77
151
159
Foreign business concerns
782
454
309
-16
296 .
-423
132
-252
-9395
Classified
-12063
14192
14910
134
-35
387
-1245
16
—426
Unclassified
-639
1580
1586
79
188
226
-107
18
-9821
Total Change
-12702
-1352
1f>49fl
613
15778
34
213
153
1/ Five most comparable weeks used throughout.
2*/ Changes are compiled from December 27, 1972 ; December 26, 197 3; December 31 , 1 9 7 4 ; December3l ,1975 and
~~ December 29, 1976, These data cannot be linked with all commercial bank data which are always for December 31
1971
>
1977a/
-239
-540
1141
1000
441
167
105
-198
96
164
847
50
257
419
201
802
-837
-170
-123
-544
468
—2621
-3074
184
269
-857
-442
2308
i
m
Table 8
Loans and Investments of All Commercial Banks
(In billions of dollars)
(Not seasonally adjusted)
Loans and U.S.
investments Gov 1 t
Date
1970—Dec.
1971—Dec.
1972—Dec.
1973—Dec.
1974—Dec.
1975—Dec.
446.8
497.9
571.4
647.3
^4/5/
3 1 - - ' 705.6
31
737.0
31
31 3 /
31—
Other
Total
securities loans
Business
Real
estate
Security
Farm
Consumer
Nonbank
financial
instiutions
All
other
61.7
64.9
67.0
58.3
54.5
84.1
86.1
104.7
117.1
130.6
140.5
145.5
299.0
328.3
387.3
458.5
510.7
507.4
112.5
118.5
132.7
159.4
186.8
179.4
72.5
81.6
98.4
118.0
130.6
134.8
12.1
12.9
17.6
14.6
13.6
14.8
11.2
12.5
14.3
17.3
18.2
20.2
53.6
61.2
72.1
83.7
87.3
90.2
15.9
16.9
23.4
30.5
35.2
29.6
21.2
24.7
28.8
35.0
38.8
38.1
1976—Sept .29
Oct. 27
Nov. 23
Dec. 31
763.3
770.0
778.5
801.6
93.5
94.4
98.0
102.5
147.0
147.1
148.6
148.9
522.8
528.5
531.9
550.2
174.6
176.2
178.3
182.9
146.1
147.3
148.4
149.5
14.6
16.4
15.8
21.2
22.9
23.0
23.1
23.3
98.7
99.5
100.0
101.7
26.0
26.3
26.1
27.0
39.9
39.8
40.2
44.6
1977—Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
784.9
790.0
801.1
809.6
816.6
830.5
829.1
837.6
101.1
102.6
104.7
103.0
101.9
101.7
99.5
98.9
147.9
148.5
148.7
153.1
153.4
154.4
154.2
155.1
536.0
53&9
547.7
553.5
561.3
574.4
575.4
583.6
177.8
179.4
182.8
185.1
186.1
190.7
189.6
190.6
150.3
151.3
152.8
154.7
156.6
159.3
161.4
164.1
16.9
17.0
17.5
17.1
18.3
18.1
17.5
18.7
23.3
23.4
23.9
24.6
25.3
26.V
26.5
27.0
101.3
101.5
102.5
104.4
105.9
108.1
109.6
n.a.
26.5
26.1
26.4
26.3
26.3
27.1
25.9
25.9
39.9
40.2
41.8
41.3
42.8
45.0
44.9
n.a.
26p
23p
3 Op
27p
25p
30p
27p
31p
n.a. - Not available p - Preliminary
— —
;
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.
U
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".
37 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 \oans held under repurchase agreements.
5/ Beginning June 1972, business loans were reduced by $400 million, nonbank financial institutions increased by $1*00 million, and "other" 1 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/ for
Beginning
Digitized
FRASER 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;rnonbank financial loans by $0.2 billion; and "other securities" by $0.5 billion. However, business loans were
http://fraser.stlouisfed.org/
increased and real estate loans reduced by $0.1 Billion as the result of loan reclassifications at one large mideastern bank.
Federal Reserve Bank of St. Louis
r
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
D A T E
1
Other
64.7
72.0
67.3
65.7
67.9
72.0
72.9
63.7.
69.8
66.8
66.2
75.7
69.9
65.6
67.7
71.8
72.5
68.0
70.6
75.3
76.0
1976—June 30*
July 28*
Aug. 25*
Sept.29*
Oct. 27*
Nov. 24*
Dec. 31*
69.4
70.3
70.9
70.9
71.0
70.6
69.7
BANPfiiTA §(to 6 A^ilt!l^ 1 d§LY ON CI£L4DATES
69.1
71.9
76.8
82.7 (78.6) 87.9
69.9
70.4
70.3
70.5
70.1
76.0
69.1
72.0
85.7 (81.5) 94.1
1977—Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
70.4
70.5
70.6
71.1
72.2
72.3
72.6
72.7
70.0
70.1
70.2
70.8
71.8
71.9
72.3
72.4
19681969197019711972197319741975-
-Dec.
-Dec.
-Dec.
-Dec.
-Dec.
-Dec.
-Dec.
-Dec.
3&/
31^
31*
31*
31*
31*
26*p
23*p
30*p
27*p
25*p
29*p
27*p
31*p
68.7,
&
83.5
102.8
87.5
84.1
85.4
87.7
87.4
(76.3)
(86.4)
(79.6)
(83.2)
(84.0)
(86.4)
(85.8)
75.1
89.5
80.6
78.1
87.2
93.7
91.5
69.1
79.5
73.3
71.6
77.3
81.7
81.9
Country
58.2
62.8
60.2
59.2
60.1
53.9
64.6
61.5
62.7
62.2
*-Ratios in parthentheses 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).
2/ Beginning June 1969, total loans are reported gross of valuation reserves rather than
net as previously reported. The higher loans level increased the ratio by about 1.3
percentage points for all commercial banks.
3/ Loan data revised to exclude only loans to domestic commercial banks. Previous data
had also excluded loans to foreign commercial banks.
##
#
#
#
#
#
#
#
#
Tabf#lQ
—
—
Money Stock Measures and Deposit Turnover
(Seasonally adjusted; dollar amounts In billions)
##
.
.
*4
M
Mg plus
deposits
at non^2
M plus
bank thrift
M
1
Currency
time dep. institutions
plus
at comm.
and credit
demand . . other thang/
union.,
deposits—
large CD's—
shares—
ComjDonenCs of money stock measures and related items
Currency
Demand
Deposits
Time
other
than
CD's CD's
Total
time
Nonbank thrift
institutions
Turnovei
U.S. Gov't.
outside
deposits
N.Y. Git
(all member)(percent)
1973—Dec.
270.5
571.4
919.6
61.5
209.0
63.0
300.9
363.4
1974—Dec.
348.1
5.0
75.8
283.1
612.4
981.5
67.8
215.3
89.0
329.3
418.3
1975—Dec.
369.1
3.5
294.8
86.6
664.3
1092.9
73.7
221.0
82.1
369.6
451.7
1976—July
Aug.
Sept.
Oct.
Nov.
Dec.
428.2
3.0
84.7
305.0
306.5
306.9
310.4
310.4
312.4
705.2
710.4
716.3
725.9
732.3
740.3
1168.8
1180.8
1193.9
1210.7
1233.4
1237.1
78.1
78.6
79.2
79.8
80.2
80.5
226.9
227.9
227.7
230.6
230.2
231.9
68.9
65.0
63.1
62.3
62.2
63.3
400.1
403.9
409.4
415.5
422.8
427.9
469.0
468.9
472.5
477.8
484.2
491.1
463.6
470.5
477.6
484.8
491.0
496.8
2,7
3.9
3.6
3.4
4.0
3.2
1977-—Jan.
Feb.
March
April
May
June
July
Aug.p
313.8
314.0
315.4
320.5
320.7
321.9
326.8
328.3
89.9
94.8
93.9
89.7
93.2
97.0
746.3
750.7
756.1
764.6
767.6
772.8
783.5
787.7
1248.9
1258.2
1268.1
1281.2
1289.0
1299.5
1316.9
1329.2
81.1
81.8
82.2
83.1
83.6
84.0
85.1
85.5
232.7
232.1
233.2
237.4
237.1
238.0
241.6
242.8
63.1
63.3
62.2
61.6
62.3
63.9
62.8
63.2
432.5
436.7
440.6
444.1
446.9
450.9
456.7
459.4
495.6
500.0
502.8
505.7
509.2
514.8
519.5
522.5
502.6
507.5
512.1
516.6
521.4
526.7
533.3
541.5
2.7
2.5
2.8
3.6
2.1
3.7
2.8
3.6
94.6
93.8
97.3
96.8
97.7
100.8
n.a.
n.a.
Week Ending
August 3
10
328.7
327.2
787.0
786.0
786.8
787.2
791.1
n.a.
n.a.
n.a.
n.a.
n.a.
85.4
85.4
85.4
85.6
85.8
243.3
241.8
242.1
241.7
244.6
62.9
63.3
63.3
63.1
63.1
458.3
458.3
459.3
459.9
460-7
521.1
522.0
522.6
523.0
523.8
n.a.
n.a.
n.a.
n.a.
n.a.
2.8
3.5
3.0
4.2
3.9
n.a.
n.a.
n.a.
n.a.
n.a.
17
327.5
24
327.4
330.4
31P
JJ 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.
2J Includes in addition to currency and demand deposits, savings deposits, time depos:: ;.s open account, and time certificates of deposit other than
negotiable time certificates of deposit issued in denominations of $ 100,000 or more by large weekly reporting commercial banks.
j}/ Includes
plus the average of the beginning and end of month deposits of mutual savings banks, savings and loan shares, and credit union shares.
http://fraser.stlouisfed.org/
4/ Average of beginning and end of month deposits at mutual savings banks, savings and loan shares, and credit union shares.
Federal Reserve Bank of St. Louis
Table 11-A
Liquid Asset Holdings of Private Domestic Nonfinancial Investors
(Seasonally adjusted monthly averages; amounts in billions of dollars, ratios in per cent)
Total
liquid
assets
Period
1
Total
2
Currency
U.S. shortterm
marketable
Negotiable CommerTreasury Savings
Demand Commercial Thrift
cial paper securities Bonds
banks institutions Total
CD's
deposits
3
4
5
6
7
8
9
10
11
1970——Dec.
1971—Dec.
1972—Dec.
1973—Dec.
1974—Dec.
1975—Dec.
769.5
852.5
967.9
1079.5
1166.2
1289.7
632.4
718.7
817.0
887.4
944.5
1053.3
49.1
52.6
56.9
61.5
67.8
73.7
151.8
161.5
176.5
183.3
186.5
190.7
198.9
233.6
264.4
294.4
321.1
360.6
232.7
271.1
319.3
348.1
369.1
428.3
137.1
133.8
150.9
192.1
221.8
236.4
21.8
27.6
36.2
54.0
70.7
60.0
21.4
20.2
22.7
34.5
40.4
42.8
41..9
31.7
34.5
43.2
47.4
66.3
52.0
54.3
57.5
60.4
63.3
67.3
1976—Aug.
Sept
Oct.
Nov.
Dec.
1378.5
1388.2
1404.0
1414.8
1425.5
1141.3
1153.2
1168.9
1180.0
1192.1
78.6
79.2
79.8
80.2
80.5
196.3
195.5
197.8
196.2
196.8
395.9
401.0
406.5
412.6
418.1
470.5
477.6
484.8
491.0
496.8
237.2
235.0
235.1
234.8
233.4
46.7
45.3
44.8
44.3
44.9
48.8
49.2
49.5
49.5
49.7
71.4
69.7
69.7
69.5
66.9
70.2
70.8
71.1
71,5
71.9
1977—Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
1440.2
1454.5
1464.3
1478.3
1486.8
1499.1
1514.2
1525.1
1205.5
1214.3
1223.6
1237.1
1244.2
1253.4
1270.6
1282.3
81.1
81.8
82.2
83.1
83.6
84.0
85.1
85.5
198.9
197.8
198.5
203.3
202.4
202.5
205.8
206.2
422.9
427.1
430.7
434.1
436.8
440.4
446.3
449.1
502.6
507.5
512.1
516.6
521.4
526.6
533.4
541.5
234.7
240.2
240.7
241.2
242.7
245.6
243.7
242.8
44.3
44.6
43.2
42.4
42.8
44.5
43.7
44.2
50.2
51.1
52.3
53.1
54.4
56.1
56.7
56.3
67.9
71.8
72.1
72.3
71.7
70.8
68.7
67.2
72.3
72.7
73.0
73.4
73.8
74.2
74.6
75.0
NOTE:
For description of items, and computation of ratios, see Table 11-C.
TABLE 11-B
Currency
and demand
deposits to
Period
12
Bank
liability
to liquid
assets
13
Time deposits
at thrifts
institutions to
14
Liquid
assets
to GNP
15
Currency
and demand
deposits to GNP
16
1972—Dec.
1973—Dec.
1974"—Dec.
1975—Dec.
1976—Dec.
24.1
22.7
21.8
20.5
19.5
49.3
49.3
49.6
47.4
46.2
33.0
32.3
31.6
33.2
34.9
78.0
78.8
80.3
81.0
80.5
19.2
18.4
17.7
17.2
16.1
1977—Q1
Q2
1976—Sept.
Oct.
Nov.
Pec.
19.2
19.1
19.8
19.8
19.5
19.5
45.9
45.8
46.2
46.2
46.2
46.3
35.0
35.1
34.4
34.5
34.7
34.8
81.1
80.4
n.a.
n.a.
n.a.
n.a.
15.6
15,5
n.a.
n.a.
n.a.
n.a.
1977—Jan.
Feb.
Mar.
Apr.
May
June
July
August
19.4
19.2
19.2
19.4
19.2
19.1
19.2
19.1
46.2
46.0
45.9
46.0
45.9
45.9
45.9
45.9
34.9
34.9
35.0
34.9
35.1
35.1
35.2
35.5
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.
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 nonfinaneial
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 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