Full text of L.4.3 Banking and Monetary Developments : September 18, 1972

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September




18, 1972

L.4.3
Not for P u b l i c a t i o n

BANKING A N D MONETARY DEVELOPMENTS
August

1972

Banking Section
D i v i s i o n of R e s e a r c h and Statistics
Board of G o v e r n o r s of the F e d e r a l Reserve System

TABLE 1
Changes in Commercial Bank Credit, Money Stock,
and Time Deposits

Seasonally adjusted annual rates (per c e n t )
1969
1970
1971
1 9 7 2 P
1st.
2nd
1st
Year
Year
Year
Qtr.
Qtr.
Half
July
Total bank credit

Aug.

2.9

8.4

11.4

15.1

7.7

11.7

10.3

18.3

U.S. Gov't, sec.

-15 .7

12.6

4.7

9.9

3.9

6.9

-19.1

-15.5

Other securities

-0.3

20.6

20.7

16 .1

4.8

10.5

7.6

10.8

8.2

4.5

12 .5

15.8

9.5

12 .9

16.5

26.7

10.2

3.7

5 .4

9.0

7 . 4 - / 14.1

22.8

8.3

3 .6

13.7

14.7

16.6

16.0

16.4

18.9

7.4

3.3

9.9

11.7

14.9

13.6

12.3

12.2

Loans
Business loans
Real estate
Consumer

loans

loans

5.8-/

Adjusted for loan sales to bank affiliates
Total bank credit

3.9

8.1

11.3

15.1

7.3

11.3

10.2

18.2

9.7

4.1

9.9

15.7

8.8

12.4

16.8

26.2

12.9

3.1

4.8

9.6

4.3-/

7.0^

13.9

24.5

3.2

5.4

6.2

9.3

5.3

7.4

14.2

6.0

-4.9

17.9

17.9

14.8

15 .7

15.6

11.6

13.9

Time other than CD's

1.4

11.0

11.2

17.1

11.8

14.7

8.5

10.3

CD's (Dollar change
in billions)

-12.6

14.5

7.9

-0.1

3.7

3.7

1.0

1.2

Loans
Business loans

Money stock
Total time deposits

@

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.




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

( I n
1968--Dec.
1969--Dec.

31
31 2/

1970--Sept.
Oct.
Nov.
Dec.

30
28
25
31

27
24
31
28
26
30 (old)
(new)4/
July 28
Aug. 25
Sept. 29
Oct. 27
Nov. 24
Dec. 31

1971--Jan.
Feb.
Mar.
Apr.
May
June

1972--Jan.
Feb.
Mar.
Apr.
May
June
Julv
Aug.
1/
27
-

3/
4/

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

26
23
29
26
31
30
26
30

P
p
p
p

'

b i l l !

Other
securities

U.S. Gov't.
securities

Loans

Total

Date

o n s

o f

d o l l a r s

)

390.6
402.1

258.2
279.4

61.0
51.5

71.4
71.2

424.3
426.2
429.3
435.9

288.4
289.1
290.0
292.0

56.8
56 .3
56.3
58.0

79.2
80.8
83.0
85 .9

440.7
446.1 3/
449.5
452.5
456.1
461.1

58.9
60.8
61.1
60.7
60.4
62.8

463.7
468.4
472 .4
477.2
479.8
485.7

293.7
295 .7 2/
296.5
298.2
300.7
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

88.1
89.6
91.9
93.5
95.1
95.9
96.6
98.0
97.8
99.5
101.1
102.2
104.5

491.4
496 .6
504 .3
505.8
513.8
514.0
518.4
526.3

325.7
328.5
333.3
334.8
340.3
341.2
345.9
353.6

59.7
61.0
62.2
62.4
62.8
62 .8
61.8
61.0

106.0
107.1
108.7
108.6
110.7
110.0
110.7
111.7

D r
P
Adjusted to exclude domestic commercial interbank loans.
p - Preliminary.
.
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.
Includes $800 million System matched sale-purchase transactions outstanding on Feb. 24.
Beginning June 30, 1971, Farmers Home Administration insured notes totaling approximately $700
m i l l i o ^ a r e include^ in other securities; previously t h e y ^ a d been incUided in real estate loa$is^

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
Affiliates 1/
nonbank public 2/
Business
Business
Business
Total
Loans
Total
Total
Loans
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

4.4
4.4
4.6
4.5
4.4
4.5

2.2
2.3
2.3
2.2
2.2

2.8
2.8

26
4.6
23
4.5
29 p
4.4
26 p
4.4
31 p
4.2
30p(olc? 3.9
3Op (new]
26p
4.0
30p r
4.1

2.1
2.0
2.2

1 9 7 1 — J a n . 27
F e b . 24
Mar . 31
A p r . 28
May 26
June 30(old)
June 30(new)
July 28
A u g . 25
Sept.29
O c t . 27
N o v . 24
D e c . 31
1972—Jan.
Feb.
Mar.
Apr.
May
June
June
July
Aug.

1 9 7 1 — J a n . 27
F e b . 24
M a r . 31
A p r , 2.8
M a y 26
June 30
July 28
A u g . 25
Sept .29
O c t . 27
N o v . 24
D e c . 31
1972—Jan.
Feb.
Mar.
Apr.
*May
June
July

26
23
29
26
31
30
26

.

p
p
p
p
p

A u g . 30 p r

2.0

2.1
1.9

1.8
1.7
1.9

5/
-0.1
5/
-0.1
0.1
0.2
-0.3
5/
0.2
-0.1
-0.1
0.1
0.1
-0.1
-0.1
5/
-0.2
-0.3

5/
5/
-0.2
5/
5/.
5/
-0.1
0.1
5/
-0.1
--

-0.2
4

0.1
-0.1
0.2
-0.1
-0.2
-0.1

0.1

-0.1

0.1

0.2

2.8
3.1

3.0
2.9
2.8

2.8
3.0
2.9
2.8
2.7
2.5
2.3

2.1
2.1

1.7
1.6

1.9
1.9
1.9
1.9

1.6

Total loans
and investments
Original
Adjusted 3/

1.7
1.7
1.6

0.4
0.4
0.4
0.4
0.4
0.4

449.5
452 .5
456.1
461.1

443.6,,
449.0—
452.4
455.2
458.9
464.1

1.8
1.8
1.9
1.8
1.8
1.6

1.6
1.6
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

1.7
1.7

1.6
1.6
1.6
1.7
1.7

1.6

0.4
0.3
0.4
0.4
0.4
0.4

491.4
496.6
504.3
505.8
513.8
514.0

494.4
499.5
507.0
508.5
516.3
516.3

1.7
1.7

0.3
0.3

518.4
526.3

520.7
528.6

1.8
1.7
1.5
1.4

2.3 .
1.4
2.4
1.6
Net Change
(B .llions c)f dollars'
5/
5/
-0.1
5/
-0.2
5/
-0.2
5/
0.1
5/
0.3
1/
-0.3
-0.1
5/
5/
0.2
0.1
-0.1
-0.1
-0.1
-o.~ -0.2
o.i
-0.1
-0.1
-0.1
-0.2
-0.2

Commercial bank credit
(seasonally adjusted)

0.1
5/
0.1
-0.1
-0.2
-0.1

1/
-0.1
5/
0.1
5/
-0.1
5/
5/
5/
5/
5/
0.1
-0.1
5/
5/
0.1
5/
-0.1

Total loans
Original
Adjusted
296.6,,
296 .5
298.2
300.7
302 .4
301.72/
304.1
309.7
313.0
316.3

317.5
320.6
325.7
328.5
333.3

334.8
340,3
341.2
345.9

353.6

299.3
300.9
303.5
305.5
304.8?/
307.0
312.4
316.0
319.3
320.3
323.4
328.7
331.5
336.1
337.5
342.8
343.5

35l: 9

Business loans
Original
Adjusted 4/
110.3
111.3

111.7
112.6
112.1

112.4
113.4
113.0
113.6
114 .5
114.0

113.2
115.2
116.2
116.6
116.0
115.5

115.0
117.0
118.1
118.4
117.8
117.1

116.4
117.3
118.1
119.4
120.7
119.8
8/
119.4-

118.1
119.0
119.9
121.1
122.2

111.1

122 .?
124.7

123.1

I'
5/

12.8
14.6
9.1
7.4
9.8
13.3
6.2
11.8
11.0
11.9
6.2
14.9

7.0
8.2
3.2
6.9
10.1
6.8
9.5
22.1
12.8
15.3
6.4
7.2

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

5/
-0.1
0.1
5/
5/
5/

14.1
12.7
18.6
3.6
19.0
0.5

14,2
12.4
18.0
3.6
18.4

19.1
10.3
17.5
5.4
19.7
3.2

19.7
10.2
16.7
5.0

9.4
9.3
8.2
13.2

10.2
9.1
9.1
12.0

18.8
2.5

13.1
-9.0

10.9
-9.8

10.3
18.3

10.2
18.2

1/
5/
5/
0.1
-0.1
5/

5/

5/

0.1

5/

0.1

0.2

5/

5 '

v,
I

16.5
26.7

16.8
26.2

14.1

13.9

22.8

24.5

Beginning June 1972, business loans were
reduced by about $400 million as the result
of loan reclassifications at one large bank.

Includes $800 m i l l i o n System matches sale-purchase transactions outstanding on February 24.

 7/
Beginning June
http://fraser.stlouisfed.org/ rather than in
Federal Reserve Bank of St. Louis

121.2*/

120.8-

120.8

13.2
14.7
9.1
8.0
9.5
13.2
6.8
12.2
10.2
12.2
6.5
14.8

1/
5/
5/
5/

8/
P - Preliminary.
e - Estimated.
T o bank holding companies affiliates subsidiaries or foreign branches.
T o 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.
5/ Less than $50 million.
6/

298.6

3/

30, 1971, Farmers Home Administration insured notes totaling approximately $700 million are included
jjpeal estate l o a n s ^
£
£
£
Q

in "other securities"
Q

TABLE 3 - Supplementary
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
Loans
Total
Total
Total

2.0
2 .8

29

3.7
4.24.7
5.9

6.1
5.3
7.7
8.3
8.5
9.0
9.8
9.8

10.0
9.6
6.8

6.0
5 .4
4.7

During
month
ending:
June
30
July
30
Aug.
27
Sept. 24
Oct-.
Nov.
26
Dec.
31

29

Nov .

8/
9/

8/
8/

1.5
2 .1
2 .8
3.3
3.8
4.8
4.8
3.9

6.0
6.6
6.8

8/
0.3
8/
0.4
0.5
0.5
0.5

1.1

0.6

1.3
1.4

0.6

8.2

8.0

6.0

1.7
1.7
1.7
1.8
1.7
1.7
1.8
1.6

5 .2
4.4
3.8
3.0

3.7
3.2
2.7
2.1

1.6
1.6
1.6
1.7

7.2
8.1
8.1

6 .6
4.2
3.7
3.2
2 .5

1.9
2.2
2.5
3.3
3.4
2.6

0.5
0.7
0.9
0.9
0.9

4.4
5.0
5.3
5 .6
6.4
6 .5
6.3

6.4
7.1
7 .2
6.9

0.6
0.7
0.3
0.3
0.9

0.2

0.2
-0.9

-0.8

0.2
0.8

30
28
25

6.0

0.9
0.5
0.5
1.2

0.5
June
July
Aug.

5.1
5.8

0.8

0.6

25

1.7
2.4
2.7
3.0
3.9
4.1
3.2

0.7

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

0.5
0.6
0.3
0.3
0.8
0.1
-0.8

0.2
0.2
5/
5/
0.2
0.2
0.1

2.1
0.6

1.8
0.6
0.3
0.3
0.8
0.1
-0.2
-0.3
-2.3
-0.5
-0.5
-0.6

0.3
5/

0.4
0.9
5/
0.1
-0.2
-2.8
-0.8
-0.6
-0.8

109.6

105.1
105.1
105.3
105.5

110.1

293.6
293.5
293.8
294.9

109.5
109.4
109.3
109.6

278.5
278.3
279.6
279.3
279.1
279.5
283 .2
285.7

429.5
430.6
433.1
438.9

288.4
289.1
290.0
292.0

282.6
283.3

106.2
107.0
108.5

110.4
110.9
111.9
112.7
113.3
114.5
113.2
112.6

112 .0
111.7

(Annual rates in per cent)

0.6
0.7
0.5
0.5
1.0
5/
-0.9

0.2

105.2

406.3
407.0
410.7
413.1
415.8416.5
422.5
427.5

424.3
426.2
429.3
435.9

0.7
0.7

284.5
284.8
286.5
286.5
287.2
287.6
291.4
293.7

272.5
274.0
274.4
275.4
277.4
280.3

0.5
0.5
0.5
0.4

0.8

Business loans 11/
Original
Adjusted 4/

103.1
103.7
104.6
105.6
106.7
107.9
108.5
108.3

271.0
271.9
271.6
272.1
273.6
275 .6
277.8
279.4

0.6
0.6

0.7

3/

102 .3
102.4
102.7
103.4
104.2
104.6
105.1
105.7

401.3
402.7
402 .3
402 .2
402 .4
404.3
407.1
406 .0

400.3
400.4
403.9
405.9
407.7
408.4
414.3
419.5

0.8

Total loans
Original
Adjusted

399.8
400.6
399.5
398.9
398.6
399.5
402.3
402.1

0.7

5/
5/
5/
5/
0.1
-0.2
5/
5/
5/
0.1

0.1

0.1

i;

0.1
0.1
-0.1

0.1
0.1
-0.1

0.1
-0.1
1/
-0.1
5/

-oTi

5/
5/
-0.1

Partly estimated.
Adjusted to maintain comparability with subsequent data.




Total loans
and investments
Original
Adjusted 3/

Net Change
(Billions of dollars

2.4
Mar.

1.1

Commercial bank credit
(seasonally adjusted)

2.4
-3.3

-1.8

4.2
-1.2
-0.3

-0.9
2 .7
8.4
-0.6

0.6

2.2
6 .6

5 .7
8.3
-3.2

8.C
9.6
6,9

0.9
2.1
10.9
7 .0
7.8

-3.9
-0.9
5.6
-1.3
-0.9
1.7
15.9

-5 .4
0.3
10.5
5.9
5.3
2.1
17.3
15.1
13.7
5.4
8.7
18.4

2.0
17 .3
14 .2
5 .6
3.1
7.0
16.1

c - Corrected .

4.0
-1.3

10.6
11.3
2.9
3.7
8.3

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

1.1
3.5

8.2
9.3
4.6
5.7
6.9
-5.7
-1.1
2 .2
2.3

8.0
9.0
J6.8
11,1
-1 .1
-1.1
3.3

7.0
10.4
11.5

v.,

6.7
-2 .2

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
and possessions
Foreign

Through
brokers
and 1/
dealers

Direct^

Commercial
paper 2/

Loans sold under
repurchase agreement 3/
Customer
To the
nonbank , guaranteed Ineligible
To bank
acceptances
paper
public—
Total affiliates—
-

1969
May
Dec.

23
31

12.7
19.6

10.9
14.5

9.9
12.8

0.6
0.8

0.1 6/
0.6

0.2 6/
0.3

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

7.6
2.3

0.7
0.7

0.7
0,7

0.1
Z/

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

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
30p

5.0
4.7
5.1
4.8
4. 6
4.6
4.7
4.7

1.8
1.4
1.8
1.6
1.7
1* 7
1.6
1.5

1.4
1.1
1.5
1.4
1.5
1.4
1.3
1.3

0.3
0.3
0.3
0.3
0.3
0.2
0.2
0.2

2.1
2.1
2.2
2.2
2.0
2.0
2.3
2.4

1.2
1.2
1.1
0.9
0.9
1.0
0.9
0.8

1.0
1.0
1.0
0.9
0.9
0.9
0.7
0.7

0.2
0.2
0.1
0.1

0.4
0.4
0.3
0,3
0.3
0.3
0.3
0.3

0.3
0.3
0.3
0.3
0.4
0.4
0.4
0.4

1972
Jan.
Feb.
Mar.
Apr.
May
June
July
/ Aug,,
1/
2J
3/
4/
5/
6/
J7/

7/

1J
1/
7/

U

1/
1/

7/
7/
7/

7/
7/
7/
7/

7/
7/
7/
7/
7/
7/
7/

7/
7/
7/
7/
7/
7/
7/

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




V

0.2
0.2
0.1

TABLE 5
Loans at All Commercial Banks
Seasonally Adjusted

Date

Business

Real Estate
( I n

1966—Dec.
1967—Dec.
1968—-Dec.
1969—-Dec.

31
31
31
1/
31

78.6

86.2
95.9
105.7

1 9 7 0 — D e c . 31

109.6

1 9 7 1 — J u n e 30(old)
(new)
July 28
Aug. 25
Sept. 29
Oct. 27
Nov. 24
Dec. 31

112.1

1 9 7 2 — J a n . 26
Feb. 23
Mar. 29
Apr. 26
May 31
June 30

i/

2/

3/

4/
_5/

113.2
115.2

116.2
116.6
116.0
115.5
116.4
117.3

Consumer

b i l l i o n s
of
53.8
38.2
58.4
40.0
44.8
64-92/
70.3-' (old)
48.1
(new)
69.8
72.3
49.7

76.7
77.6
78.6
79.5
80.5
81.4
82.4
83.3
84.4
85.4

3/

Security

d o l l a r s )
7.9
9.2

10.2
9.1

10.3

51.1

9.5

51.5

52.1
52.8
53.3
54.0
54.6
55.1
55.7
56.2
56.6
57.4
58.3

Nonbank
financial

12.0
11.3
13.1-/ (old)
13.6
(new)
14.3

Agriculture
8.7
9.5

10.0
10.6
11.4

15.9

12.0

8.8

16.0

9.5
10.3
10.4
10.3

15.9
15.2
15.6
15.8
15.3

12.1
12.2

11.0
11,7

12.1
12.6
12.2

16.7
17.1
17.5
16.9
17.3

12.3
12.4
12.6
12.8
12.9
13.0
13.2
13.3
13.5
13.7

p
118.1
p
119.4
120.7
p
86.6
13.6
p(old) 119.8,
87.9
13.7
(new) 119.4—
120.8
July 26 p r
58.9
89.1
13.5
18.5
13.8
Aug. 30 p
123.1
90.5
59.5
14,0
19.7
14.0
Preliminary
r
p - preliminary
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
npnbank 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.




Table 6
Changes in Loans and Investments at All Commercial Banks, Seasonally Adjusted
(In billions of dollars)
1971

Item

1

| July p

August F

i +0.2

+4.4

+7.9

+0.4

1/

-1.0

-0.8

-0.1

+2.1

-0.7

+0. 7

+1.0

*+4.8

+1.5

+5.5

+0.9

+4.7

+7.7

+0.9

+0.8

+1.3

+1.3

-0.9^

+1.4

+2.3

+1.0

+0.9

+1.1

+1.0

+1.2

+1.3

+1.2

+1.4

+0.6

+0.5

+0.6

+0.5

+0.4

+0.8

r+0.9

+0. 6

+0.6

-0.1

+0.7

+0.7

+0.4

+0.4

-0.4

+1.4

(

+0.1

-0.2

+0.5

+0.4

+0.2

-0.5

+1.4

+0.4

+0.4

-0.6

+0.4

-0.2-/

+1.1

+1.2

+0.1

+0.1

+0.2

+0.2

+0.1

+0.1

+0.2

+0.1

+0.2

+0.2

+0.1

+0.2

+1.4

+0.4

+1.6

+0.3

+0.5

+0.5

-0.5

+1.4

-0.2

+0.2

r-0.5- /

+0.5

+1.5

+3.1

+4.9

+2.5

+3.9

+1.8

+1.2

+4.4

+2.4

+4.4

+2.0

44.1

+0.8

+4.9

+7.2

+3.0

+5.0

+3.2

+3.5

+1.6

+1.7

+3 .0

+2.0

44.0

+2.6

+3.7

+1.0

+3.8

+6.0

May p

| June p

+1.5

+8.0

+1.2

+0.2

+1.1

+1.6

+5.1

+2.8

-0.5

+0.9

+1.0

+0.9

+0.5

+0.7

+0,8

+0.1

-0.1

-0.7 '

+0.1

+0,1

All other

+0.6

Total loans excluding
security _3/
Total loans excluding
security and nonbank financial 3/

March p April p

Ju lv

Aug.

Sept.

Oct.

Nov.

Dec .

Jan.

Feb.

Loans and Investments 2/

+2 .6

+4.7

+4.0

+4.8

+2.6

+5,9

+5.7

+5.2

+7.7

U. S. Gov't, securities

-1.2

-0.7

-1.0

-0.8

-0.3

+1.9

-1.0

+1.3

Other securities

+1.4

-0.2

+1.7

+1.6

+1.1

+2.3

+1,5

, +2.4

+5 .6

+3.3

+4.0

+1.7

+1.9

Business

+1.1

+2.0

+1.0

+0.4

-0.6

Real estate

+0.8

+0.9

+1.0

+0.9

Consumer

+0.4

+0.6

+0.7

Security

-0.7

+0.7

Nonbank financial

+0.1

Agriculture

Loans 2/

1/

Less than $50 million.




#

•

#

e

#

e

#

#

e

#

#

Table 6A
Changes in Loans and Investments at All Commercial Banks, Seasonally Adjusted
Adjusted for Loans Sold To Affiliates
(In billions of dollars)
1971

Item

1972

1
July

Au%.

Sept.

Oct.

Nov.

Dec .

Jan .

Feb.

March p

April p

Mav P

Loans and Investments 2/

4-2 .4

+4.6

+4.3

+4.7

+2.5

+6.0

+5.8

+5.1

+7.5

+1.5

+7.8

1/

U. S. Gov't, securities

-1,2

-0.7

-1.0

-0.8

-0.3

+1.9

-1,0

+1.3

+1.2

4-0.2

+0.4

1/

-1.0

-0.8

Other securities

+1,4

-0.2

+1.7

+1.6

+1.1

+2.3

+1,5

+1.1

+1.6

- 0.1

+2.1

-0.7

+0. 7

+1.0

Loans _2/

4-2 ,2

+5 .4

+3.6

+3.9

+1.6

41.8

+5.3

+2.8

*44.6

+1.4

+5.3

+0,7

4-4.8

+7.6

4-1 .0

+2.0

+1.1

+0.3

-0.6

+1.4

+2.5

Bus iness

-0.7

+ 1.0

+0,9

+0.9

I
1

+1.2

June p

+1.1

-1,o-

July p

August D

+4.4

/

+7.9

Real estate
i
j

Consumer
Security

|

NOT AVA ILABLE

Nonbank financial
Agriculture

j

I

1
1
i

j

All other

i

1
l

Total loans excluding
security 3/

|

1

!

Total loans excluding
security and nonbank financial 3/
1/
2/
3_/

!
j

j
.

1
!
i

1

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 account of this reclassification .




Table 7
Changes in Loans and Investments at All Commercial Banks, at Weekly
Reporting Banks, and at Other Banks, Not Seasonally Adjusted
Adjusted for Selected Loan Sales
(In billions of d o l l a r s )
Last Wednesday of July to last W e d n e e flay Qf AUjgUSt

Item
1972
All commercial banks 2/
Total loans
U. S. Gov't, securities
Other securities
Total

1971

1970

1969

4-3,6

-0.4
+1.5
+1.4
+2.5

-1.8

-0.6
-0.1
+3.0

-0.4
-0.4
-2.5

1968

1947

-0.5

-0.7

+1.0
+1.4
+1.9

1966

-0.4

+2.0
+1.1

+1.0

+2.4

+0.5

-0.2

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

+3.1
-0.4

-2.3

-0.8

-0.4

+1.9

-2.8

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

-0.1

-0.2

+0.8
+1.0
End of December to
1972

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

+23.7

-6.0
+7.3
+25.0

+11.4
-4.0

+1.8
+9.2

+12.3
-2.1
+5.5
+15.8

1971

-0.3
+0.9
-0.3
+0.3

±L2
+0.8

-0.1

+0.7
+0.3

+0.4

Item

-1.2
+0.7

+1.3
+0.5

+0.1
+1.1

+1.8

a s t Wednesday nf Aiignnr

1979

1969

1968

+10.8-^

+2.8

+19.0

+10.4
-10.2
-0.5
-0.3

+9.9

+0.3
+5.8
+9.0

+13.4

+2.0—^

+3.9

+2 .6

+2.7
+5.7

1967

1966

+10.2-/
+16.3

+7 .0—

-1.0

+8.8—
+16 .4

+3.0
-0.3

+7.4
-4.2

+6.0

1/

+3.0

+2.1

+5 .6

+1.8

+5.2

+7.7

NOTE:

1/
2/

-0.1
+0.1
+0.1
+0.2

+4.7

+1.2
+2.9
+9.0

"i

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.

3/

Based on revised coverage beginning July 1966, and January 1967, 1968,
1971, and 1972.

4/

Allowance has been made in monthly changes in total loans and in other securities
for approximately $700 million of Farmers Home A d m i n i s t r a t i o n insured notes shifted
from loans to other securities on June 30, lo?!; $?oo million were at weetlv
reporting banks and $500 million at other hanks.
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 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.

5/




1969, 1970

TABLE 8
Changes in Commercial and Industrial Loans at Large Commercial Banks
(In millions of dollars)
Late July to August

1/

Late December to late Aueust ? /

Business of borrower
1972 p
Food processors
Commodity dealers
Trade concerns
Retail trade
Wholesale trade
Metals
Primary metals
Machinery
Transportation equipment
Other fabricated metals
Textiles, apparel, etc.
Pettoleum
Chemicals
Other durable manufacturing
Other nondurable manufacturing
Mining
Public Utilities, total
Transportation 3/
Communication 3/
Other public utilities
Construction
All other -types of business
Bankers acceptances
Services 3/
Other
Foreign business concerns 3/
Classified
Unclassified
Total Change
1/
2/
3/

+54
+42
-80
-50
-3
-68
+4
+39
+22
+48
-60
-46
+65
-4
+42
+209
-33
-24
+266
+84
-413
-112
-8
-293
-20
-82
-80
-162

1971
+131
+86
+213
+249
-36
-189
-42
-121
+2
-28
+96
-8
-73
-20
+13
-9
-J31
-217
+22
+64
+6
+714
+495
+23
+196
+356
+1 i185
-2
+1,183

1970

1969

1968

+20
+37
-36
-15
-21
-124
-37
-63
+26
-50
+68
+15
-48
-32
+31
-47
+10
-50
-15
+75
+28
+25
+190
-90
-75
+13
-40
+227
+187

-198
-104
-343
-158
-185
-287
+10
-205
-25
-67
+43
-27
-113
-14
+27
-96
_±1
+8
-64
+59
-17
-1
-39
-26
+64
-43
-1,176
-150
-1,320

-21
-186
-b
-178
-406
+45
-292
-104
-55
+64
+6
-123
-28
-3
-104
+15
-6
-82
+103
+53
-137
+3
-43
-97
+3
-867
-90
-957

—

1972p
-163
-426
+576
+541
+35
-626
-31
-169
-434
+8
+688
-259
-319
+355
-156
-120
+381
-216
+263
+334
+564
-611
-1,064
+581
-128
+260
+144
+1,015
+1,159

i

1971

1970

-608
-177
+626
+270
+356
-567
-36
-356
-285
+110
+386
-400
-87
+241
-108
-281
-178
-350
+200
-28
+246
+412
-134
+122
+424
+640
+145
+549
+694

-725
-319
-19
-52
+33
+478
+39
+173
+103
+163
+528
-210
-235
+328
+103
-681
-1,212
-4
-202
-1,006
+159
-99
+25
-111
-13
-78
-1,982
-377
-2,357

1969

-562
-625
-511
-550
+56
+114
-15
+33
+71
+81
+1,088
+941
+56 1
+670
+615
+183
+165
-101
+252
+189
+600
+658
+226
-17
+154
-176
+251
+240
+183
+79
-32
+435
+398
+461
+235
+516
+4
-62
4-7
+159
+357
+307
+1,216
+503
-324
-398
+720
+494
+820
+407
-258
-182
+3,166 +2,188
+323
+ 128
+3,503 >2,316

Five most comparable weeks used throughout.
Changes are compiled from December 29, 1971; December 30, 1970; December 31, 1969; December 25, 1968 and
D e c e m b e r 27, 1967. These data cannot be linked w i t h all commercial b a n k data which are always for December 31.
Prior to 1967, t r a n s p o r t a t i o n , c o m m u n i c a t i o n , services, and foreign loans were not reported separately.




1968

TABIZ 9
Gross Loans and Investments at All Commercial Banks
(In billions of dollars)

Loans and
Inveistments

Date

Other
U.S. Gov't. Securities![Total Loans

Business

1

Real
Estate

Security

1964--Dec.
1965--Deq.
1966--Dec.
1967--Dec.
1968--Dec.
1969--Dec.

31
31
31
30
31
31 3/

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

38.8
1177.4
44.9
203.2
48.8 2/ 219.0 1/ 2/
236.8
61.5
264.4
71.5
286.1
71.3

60.2
71.4
80.6
88.4
98.4
108.4

43.7
49.3
54,0
58.5
65.1
70.0 4/

8.4
8.5
9.0
10.5
11.8
10.7

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

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

104.1
104.0
104 .9
105.5
105.2
108.4
107.3
107.1
109.4
108.4
108.8
112.5

70.1
70.1
70.1
70.2
70.3
70.6
70.8
71.1
71.6
71.9
72.2
72.5

8.2
8.3
8.8
8.8
8.6
7.9
8.4
8.9
9.3
9.4
9.1
12.1

439.5
442.4 6/
447.7 ~
450.9
453.6
464.8

61.5 .
61.4
61.6
60.0
58.8
60.3

72.7
73.0
73.6
74.3
75.2
76.5,,
75.82/
76.8
77.8
79.0
80,0
80,9
81.6

10.1
9.9
10.0
9.1
8.5
9.7

59.3
58.7
58.7
60.0
61.0
64.9

290.9
292.1 6/
294.6
296.7
300.0
307.8
307.1
305.6
309.3
313.4
315.1
317.3
328.3

109.1
110.3
111.2
111.6
112.4
114.4

463.0
466.1
472.0
476.5
479.9
497.9

87.1
88.9
91.5
94.2
94.9
96.7,,
97 .4%/
98.2
98.1
99.9
102.5
101.6
104.7

490,1
492.4
500.7
505.1
511.4
518.2

62.7
61.9
62.4
61.6
61.0
59.9

104.8
106.2
108.4
109.4
110.5
110.9

322.6
324.3
330.0
334.1
340.0
|347.4

115.2
116.1
118.1
119.6
120.3

518.5
522.9

59.2
58.9

110.9
112.1

348.4
351.9

121.6
121.4

1 9 7 1 — 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

1972—Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.

26
23
29
26
31
30

p
p
p
p (old)
(new)

26
30 p

i

113.4
114.2
115.9
115.6
115.6
118,5

122.2
121.a5'

Farm

Consumer

Nonbank
Financial
Institutions

All
Other

31.0
35.7
38.3
40.0
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

48.0
47.8
47.8
48.1
48.4
49.0
49,3 49.6
49.8
49.8
49.5
49.9

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
22.0
22.5
23.1
22.9
22.2
22.9
22.4
23.3
25.0

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
15.2
15.4
17.0

23.9
23.9
23.4
24.5
25.7
26.7

8.6
9.3
10,0
10.1
10,1
12.9

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
15 3
15.4
16.9

26.6
27.4
27.3
28.1
28,8
31.0

82.3
82.9
83.9
85.0
86.3
87.8

11.5
11.4
12.3
12.3
13.5.
14.0

12.6
12.8
13.0
13.3
13.7
14.0

54 .7
55.0
55.5
56.3

16.1
16.3
16.9
17.1

30.2
29.?
30.3
30.5

57.3
r 58.6

89,2
90.7

13.5
13.8

14.1
14.3

59.4
60.0

7.5
8.2
8.6 2/
9.3
9.7
10.3

10.4
10.5
10.6
10.8
11.1
•11.2
11.3
11.4
11.4
11.3
11.2
11.2

17.1
18.3g.
18.6 s '
18.4
19.0

31.8
r 32.62'
32.3
32.8

p - Preliminary.
c - Corrected
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
and December call dates.
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.
Beginning June 30, 1966, about $1 billion of participation certificates previously included in agricultural and "all other" loans were reclassified
as "other securities."
Data revised beginning June, 1969, to include all bank premises subsidiaries and other significant majority-owned domestic subsidiaries; earlier
data are for commercial banks only.

NOTE!
1/
2/
3/

4/
5/

6/
7/
8/




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 $400 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.
Includes $800 million System matched sale-purchase transactions outstanding on February 24.
Beginning June 30, 1971, Farmers Home Administration insured notes totaling pproximately $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 reclassifications at one large bank.
Individ"0"1 ^ ^ r a f e ^ o r v data

at^^lable for publicati^^only on a June and l^^ember Call data basl

TABLE

10

R a t i o s to T o t a l D e p o s i t s

1/

L O A N S
D A T E
All
commercial
banks

M em b e r B a n k s
Reserve City Banks
New York City of
City
Chicago Other Country
Total

U.S. Government
securities maturing
within one year
All Commercial
Banks

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

7A
8.7
11.2
9.5
7.5
8.0
7.3
6.1
6 .4
6.1
5.0
5.7

1971—Jan. 27*
67.2
Feb. 24*
67.3
66.1
Mar . 31*
66.4
Apr. 28*
May 26*
66.7
June 30*
66.1
66.8
July 28*
66.8
Aug. 25*
Sept.29*
67.2
Oct. 27*
66.8
Nov. 24* , ,:67.1
(new) Nov. 24* — :67.6
Dec. 31*
65.7

86.6(79.9)
(66.2) 69.5
(66.4) 69.6
88.0(82.3)
(65.6)' 68.2
84.8(81.9)
(66.1) 68.5 , 84.7(82.5)
85.0(83.4)
(66.5) 68.8
84.0(82.3)
(65.9)1 68.4
84.6(52.9)
(66.5) 68.8
(66 .6) 68.9
85.4(84.3)
(66.8) 69.5
87.8(85.0)
(66.4) 69.1
87.1(83.5)
86.7(83.6)
(66.6 ) 69.3
(67.1) 70.0
89.0(85.8)
84.1 (83.2 )
(65.6) 68.0

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

1972—Jan. 26*
Feb. 23*
Mar. 29* p
Apr. 26* p
May 31* p
June 28* p
July 26* p
Aug. 30* p

(66.3)
(66.3)
(66.4)
(66.7)
(67.0)
(68.2)
(67.9)
(68.3)

79.9
81.7
82.5
81.9
83.7
84.8
85.6
85.5

71.9 60.0
72.3 60.3
72.8 60.3
73.4 60.2
73.2 60.5
75.0 61.4
75.0 61.1
75.8 61.3

3.6
3.9
4.0
3.6
3 .8
3.6
3.3
n.a.

1959--Dec.
1960--Dec.
1961--Dec.
1962--Dec.
1963--Dec .
1964—Dec.
1965--Dec.
1966--Dec.
1967--Dec.
1968—Dec.
1969—Dec.
1970—Dec.

31
31
31
28
25
31
31
31
30
31*,,
31*—
31*

54.0
i55.6
56.5
55.1
54.5
55.7
56.5
57.7
58.6
159.9
61.9
60.5
65.4
63.7
67.9
65.8
63.8
65.8
64.7 (63.7) 66 .8
72.0 (69.8) 75.7
67.3 (66.2) 69.9

66.5
66.5
66.7
66.9
67.2
68.4
>8.1
68.5

68.7
68.8
69.0
69.2
69.5
70.7
70.5
71.0

85.6(84.0)
85.5(84.4)
85.1(83.4)
84.1(82.7)
84.7(83.2)
85.3(83.9)
84.7(83.2)
85.6(84.3)

1

* - Ratios in p a r e n t h e s i s are those obtained by a d d i n g E u r o - d o l l a r s t o the d e p o s i t b a s e .
1/ T o t a l loans (adjusted to e x c l u d e loans to b a n k s ) ; U . S . G o v e r n m e n t s e c u r i t i e s m a t u r i n g
w i t h i n one year e s t i m a t e d on basis of T r e a s u r y survey of o w n e r s h i p ; and total d e p o s i t s
(adjusted to e x c l u d e cash items in p r o c e s s of c o l l e c t i o n ) .
2_/ B e g i n n i n g J u n e 1969, total loans are reported gross of v a l u a t i o n r e s e r v e s r a t h e r than
net as p r e v i o u s l y r e p o r t e d .
T h e h i g h e r loan level increased the r a t i o by about
1.3 p e r c e n t a g e points for all c o m m e r c i a l b a n k s .
3/
L o a n data revised to e x c l u d e only loans to d o m e s t i c c o m m e r c i a l b a n k s .
Previous
data had a l s o e x c l u d e d loans to foreign c o m m e r c i a l b a n k s .




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

M^
Currency
plus
demand ^
deposits—

Vi
2
3
M^ plus
M 2 plus
time dep.
deposits
Components of money stock measures and related items
Turnover
at comm.
at nonTime and
NonU.S. Gov't.
outside
other t h a ^ / bank thrift ^ .
Demand
savings deposits bank thrift
deposits
N.Y. City
large CD 1 s— institutions— Currency Deposits CD's Other Total institutions
(all member) (per cent)

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
157.7
165.8

23.6
11.0
25.5

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

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

175.8
176.3
175.7
175.5
175.5
175.7

30.4
30.8
31.6
32.7
32.2
33.4

225.9
226.5
228.0
230.6
233.1
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

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

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
244.3
246.5
248.1
250.7
253.8

274.4
278.1
279.9
282.8
287.0
290.9

257.4
261.8
265.8
269.7
272.6
275.7

6.3
3.7
6.1
7.4
7.4
5.3

56.3
56.2
57.2
58.9
58.7
58.6

July
r
August p

239.4
240.6

495.0
498.3

774.8
781.5

54.9
55.1

184.5
185.5

38.1
39.3

255 .6
257.8

293.7
297.1

279.7
283.2

5.3
4.6

57.1
n .a.

239,.7
240,.1
240,.9
240,.5
241,,2

496
497
498
498
499

n.a.
n .a.
n .a,
n.a.
n .a.

54.9
55.2
55.0
55.2
55.2

184 .8
185 .0
185 .9
185 .3
186 .0

38.6
38.6
38.8
39.7
40.4

256
257
257
257
258

295.1
295 .6
296.5
297.6
299.0

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

5 .5
6 .0
5 .6
3 .1
3,.4

n .a
n,.a
n .a
n .a
n .a

1972- August

2
9
16
23
30

.2
.2
.6
.4
.8

.5
.0
.7
.9
.6

1/ Includes (1) demand deposits at all commercial banks other than those due to domestic commercial banks and the U.S. Government,
les¥ 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 commerDigitized for cial
FRASER
banks.
#
http://fraser.stlouisfed.org/
3/" I n c l W e s Mo, plus th^giverage of the b&ginning and e n d ^ f month d e p o s i ^ of mutual saviiws banks and s a ^ j g s and loan shMtos .

Federal Reserve Bank of St. Louis




TABLE 12
Time and Savings Deposits
ConsumerLarge
State Political
Savings
type
Negotiable Foreign Official
time
CD's 1/
etc .

Total

Consumertype time
& 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
10,91Q
10,919

8,103
8,133
8,793
8,803
9,636
9,646
8,054
*,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

27,189
27,488
27,523
27,219
28.071
28,526
30,303
31,600
33,036
33,676
34.072
33,951
33,951

10,745
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

96,365
97,617
99,402
98,741
99,764
100,626
100,907

55,723
56,425
57,616
57,279
57,622
57,842
57 938

40,642
41,192
41,786
41,462
42,142

33,852
34,011
33,457
34,234
35,580

12,618
12,495
12,004
13,699
13,745

42,784
42,969

35,903
37,705

13 ,128
12,745

43,320
43,434
43,524
43,599
43,795
of $100,000

38,231
38,936
39,390
40,288
41,213
or more

12,684
12,702
12,670
12,718
12,679

Period

1972- -Jan. 26
Feb. 23
Mar. 29
Apr. 26
-Hay
31
June 28
July 26
Week Ending;
1972--August

151,357

2

1/

152,121
152,995
153,483
154,475
155,510

101,206
57,886
101,357
57,923
16
101,423
57,899
23
101,469
57,870
30
101,618
57,823
Negotiable certificates of deposit issued in denominations
9

TABLE 13
Member Bank Reserves
(Based on averages of daily figures; in millions of dollars')

Free reserves
(excess reserves minus borrowings)
D A T E
All
member

Reserve City Banks
New York
City of
City
Chicago

Other

Excess
Reserves

Country

All
member

Borrowings
All
member

Total reserves
held seasonally
adjusted
All
member

Monthly Averages:
1959--December
1960--December
1961--December
1962--December
1963--December
1964--December
1965—December
1966--December
196 7--December
1968--December
1969--December
1970--December

-424
669
419
268
209
168
-2
-165
107
-310
-829
-49

-109
10
-50
-62
19
-14
-70
-95
-22
-130
-203
9

-104
-4
-22
-11
21
-31
-8
-50
-5
-70
-9
3

-449
80
20
-52
-122
-103
-161
-159
-55
-180
-473
-222

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

1971--Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.

-91
-127
-120
-8
-18
-322
-658
-606
-295
-153
144
58

19
15
-90
-21
-67
-127
-110
-111
-29
-56
-71
-10

-6
19
-25
3
2
-39
-29
-10
2
-14
-7

-282
-333
-155
-154
-45
-173
-449
-437
-280
-144
-112
-57

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

1972--Jan.
Feb.
Mar.
Apr.
May
June
July
Aug. p

153
91
134
27
-15
110
-55
-178

8
-5
-14
-50
-36
28
17
-123

-9
-5
-13
1
-3
-1
2
1

13
130
17
-6
-55
-33
-105
-35

141
9
144
82
79
116
31
-21

173
124
233
136
104
204
147
261

20
33
99
109
119
94
202
439

31,772
31,616
32,032
32,643
32,830
33,059
33,138
33,395

NOTE:

- -

Aggregate reserve series has been adjusted to eliminate changes in percentage reserve requirements against deposits, but reserve
requirements on Euro-dollar borrowings are included beginning October 16, 1969, and requirements on bank-related commercial paper
are included beginning October 1, 1970.




•

•

•

•

•

e

#

e

e

e

TABLE 14-A
Liquid Asset Holdings of Private Domestic N o n f i n a n e i a l I n v e s t o r s *

(Seasonally adjusted monthly averages; amounts in billions of dollars, ratios in per cent)
CCurrency and deposits
Time Deposits
Total
liquid
assets

Period

1

Total
2

Currency

3

Demand
deposits

Commercial
banks

4

5

Thrift
institutions
6

Total
7

Other liquid assets
U.S. shortterm
Negotiable Commercial
marketable
CD's
paper
Treasury
securities
8
9
10

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
125.2
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

49.5
50.1
51.0
51.4
51,1
51.3

39.2

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
26 3,1
271.7

139.2 j
138.2 j
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

876.6
903.0

738.3
758.0

53.7
54.7

157.4
158.5

242.3
249.2

284,9
295.6

138.4
145.0

30.2
34.0

17.7
18.1

36.0
37.6

, 54 .5
55.4

1971--July
Aug.
Sept.
Oct.
Nov.
Dec .

823.3
827.6
831,6
838.3
842,8
850.5

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

257.5
260.5
263 .1
266 .1
268.9
271.7

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

1972--Jan.
Feb.
Mar,
Apr.

858.2
867.8
876.6
886.0
894.2
904.0

719.7
729.6
738.3
745.2
751.0
758.0

52.8
53.2
53.7
54.0
54.4
54.7

153.8
155.6
157.4
158.4
158.2
158.5

237.2
240.2
242.3
243.7
246.2
249.2

275.8
280.5
284.9
289.1
292.2
295,6

138.6
138.3
138.4
140.8
143.2
146.0

18.1
17.7
17.7
17 9
17.9
18.1

35 > 9

36 io
36 5
37'.1
38.5

54 . 2
54 5
54 .8
55 .1
55.3

914.1
922 .7

766.5
773.7

54.9
55.1

160.6
161.4

251.0
253.3

300.0
304. U

147.6
148.9

29.9
30.5
30.2
31.6"
33.2
34.0
35.0
3o.2

18.6
18.8

38.4
38.2

55.6
55.9

May
June
July
Aug. p

.

!
l
* - For description of items, and computation of rati os see Table 14-C.




36.6

52.7
52.9
53.1
53.3
53.5
53.7
53 ,9




TABLE

Period

Currency
and demand
deposits to
liquid assets
12

Bank
liability
to liquid
assets
13

14-B

Ratios
Time d e p o s i t s
at thrift
institutions to
liquid assets
14

Liquid
assets
to G N P
15

Currency
and demand
deposits
to GNP
16

1965--Dec .
1966--Dec.
1967--Dec.
1968--Dec .
1969--Dec .
1970--Dec .
1 9 7 1 — 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 .

24,9
25 .0
24.7
24.2

48.8
49.0
48.8

30.6
31.1
31.6

76.8
77 .7
78.6

19.2
19 .4
19.5

48.9

31.9
32.5

78.6

19.2

32.7

78.2
78.6

18.8
18.7

24.1
23.6

49.0
48.9

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

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

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

31.9

n .a .

n .a.

1972--Jan.
Feb.
March
April

24.1
24.1
24.1
24.0

32.1
32.3
32 .5
32.6

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

n
n
n
n

32 .7

n .a .

n.a.

32 .7
32.8

n .a.
n.a.

n.a.
n.a.

32.9

n.a.

n.a.

1972--March
June

May

23.8

49.1
49.1
49.0
49.0
48.9

June
July
Aag. p

23.6
23.6
23.5

48.9
48.9
48.9

.a .
.a .
.a .
.a.




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 n o n f i n a n c i a l
sectors .
Deposits at nonbank thrift institutions, as published
in money stock statistics, plus m o n t h l y - a v e r a g e deposits
at credit unions .
Sum of columns 8, 9, 10, and

11.

Negotiable certificates of deposits over $ 1 0 0 , 0 0 0 at
w e e k l y reporting banks, except foreign h o l d i n g s .
C o m m e r c i a l paper held
institutions.

outside banks and

other

financial

S h o r t - t e r m marketable U . S . Government securities e x c l u d ing official, foreign, and financial institution h o l d i n g s .
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.
S u m 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 G N P . Annual averages are based on 12-month
averages of column 1 and annual G N P . Q u a r t e r l y averages
are based on 3-month averages of column 1 and quarterly
GNP.
Sum of columns 3 and 4 to G N P . A n n u a l averages are based
on 12-month average of columns 3 and 4 and annual G N P .
Q u a r t e r l y averages are based on 3-month average of columns
3 and 4 and quarterly GNP *